SunTrust 2012 Annual Report Download - page 131

Notes to Consolidated Financial Statements (Continued)
115
NOTE 5 – SECURITIES AVAILABLE FOR SALE
Securities Portfolio Composition
December 31, 2012
(Dollars in millions)
Amortized
Cost Unrealized Gains Unrealized Losses Fair Value
U.S. Treasury securities $212 $10 $— $222
Federal agency securities 1,987 85 3 2,069
U.S. states and political subdivisions 310 15 5 320
MBS - agency 17,416 756 3 18,169
MBS - private 205 4 — 209
ABS 214 5 3 216
Corporate and other debt securities 42 4 — 46
Other equity securities1701 1 — 702
Total securities AFS $21,087 $880 $14 $21,953
December 31, 2011
(Dollars in millions)
Amortized
Cost
Unrealized
Gains
Unrealized
Losses
Fair
Value
U.S. Treasury securities $671 $23 $— $694
Federal agency securities 1,843 89 — 1,932
U.S. states and political subdivisions 437 21 4 454
MBS - agency 20,480 743 — 21,223
MBS - private 252 — 31 221
CDO/CLO securities 50 — — 50
ABS 460 11 7 464
Corporate and other debt securities 49 2 — 51
Coke common stock — 2,099 — 2,099
Other equity securities1928 1 — 929
Total securities AFS $25,170 $2,989 $42 $28,117
1At December 31, 2012, other equity securities was comprised of the following: $229 million in FHLB of Atlanta stock, $402 million in Federal Reserve
Bank stock, $69 million in mutual fund investments, and $2 million of other. At December 31, 2011, other equity securities was comprised of the following:
$342 million in FHLB of Atlanta stock, $398 million in Federal Reserve Bank stock, $187 million in mutual fund investments, and $2 million of other.
The following table presents interest and dividends on securities AFS:
Year Ended December 31
(Dollars in millions) 2012 2011 2010
Taxable interest $579 $688 $709
Tax-exempt interest 15 21 31
Dividends161 82 76
Total interest and dividends $655 $791 $816
1Includes dividends on the Coke common stock of $31 million, $56 million, and $53 million, for the years ended December 31, 2012, 2011, and 2010,
respectively.
Securities AFS that were pledged to secure public deposits, repurchase agreements, trusts, and other funds had a fair value of
$10.6 billion and $9.1 billion as of December 31, 2012 and 2011, respectively. As of December 31, 2012 and 2011, there were
no securities AFS pledged under which the transferee may repledge the collateral.
During the year ended December 31, 2012, the Company accelerated the termination of the Agreements that hedged the Coke
common stock, and the Company sold, in the market or to the Coke Counterparty, 59 million of its 60 million shares of Coke
and contributed the remaining 1 million shares of Coke to the SunTrust Foundation for a net gain of $1.9 billion. The $38
million contribution to the SunTrust Foundation was recognized in noninterest expense. Details of the transactions are discussed
in Note 16, "Derivative Financial Instruments."