SunTrust 2012 Annual Report Download - page 132

Notes to Consolidated Financial Statements (Continued)
116
The amortized cost and fair value of investments in debt securities at December 31, 2012, by estimated average life, are shown
below. Actual cash flows may differ from estimated average lives and contractual maturities because borrowers may have the
right to call or prepay obligations with or without penalties.
Distribution of Maturities
(Dollars in millions)
1 Year
or Less 1-5 Years 5-10 Years After 10 Years Total
Amortized Cost:
U.S. Treasury securities $11 $201 $— $— $212
Federal agency securities 130 1,381 340 136 1,987
U.S. states and political subdivisions 91 152 19 48 310
MBS - agency 980 12,875 3,006 555 17,416
MBS - private — 127 78 — 205
ABS 112 72 2 28 214
Corporate and other debt securities 4 16 22 — 42
Total debt securities $1,328 $14,824 $3,467 $767 $20,386
Fair Value:
U.S. Treasury securities $11 $211 $— $— $222
Federal agency securities 131 1,449 348 141 2,069
U.S. states and political subdivisions 93 161 20 46 320
MBS - agency 1,035 13,520 3,051 563 18,169
MBS - private — 130 79 — 209
ABS 113 71 2 30 216
Corporate and other debt securities 4 19 23 — 46
Total debt securities $1,387 $15,561 $3,523 $780 $21,251
Weighted average yield13.15% 2.98% 2.33% 2.83% 2.87%
1Average yields are based on amortized cost and presented on a fully taxable-equivalent basis.
Securities in an Unrealized Loss Position
The Company held certain investment securities where amortized cost exceeded fair market value, resulting in unrealized loss
positions. Market changes in interest rates and credit spreads may result in temporary unrealized losses as the market price
of securities fluctuates. As of December 31, 2012, the Company did not intend to sell these securities nor was it more-likely-
than-not that the Company would be required to sell these securities before their anticipated recovery or maturity. The Company
has reviewed its portfolio for OTTI in accordance with the accounting policies outlined in Note 1, "Significant Accounting
Policies."
December 31, 2012
Less than twelve months Twelve months or longer Total
(Dollars in millions)
Fair
Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses
Temporarily impaired securities:
Federal agency securities $298 $3 $— $— $298 $3
U.S. states and political subdivisions 1 — 24 5 25 5
MBS - agency 1,212 3 — — 1,212 3
ABS — — 13 2 13 2
Total temporarily impaired securities 1,511 6 37 7 1,548 13
OTTI securities1:
ABS — — 3 1 3 1
Total OTTI securities — — 3 1 3 1
Total impaired securities $1,511 $6 $40 $8 $1,551 $14