SunTrust 2014 Annual Report Download - page 164
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Notes to Consolidated Financial Statements, continued
141
December 31, 2013
Fair Value Measurements
(Dollars in millions) Level 1 Level 2 Level 3 Netting
Adjustments 1Assets/Liabilities
at Fair Value
Assets
Trading assets and derivatives:
U.S. Treasury securities $219 $— $— $— $219
Federal agency securities — 426 — — 426
U.S. states and political subdivisions — 65 — — 65
MBS - agency — 323 — — 323
CDO/CLO securities — 3 54 — 57
ABS — — 6 — 6
Corporate and other debt securities — 534 — — 534
CP — 29 — — 29
Equity securities 109 — — — 109
Derivative contracts 828 5,285 12 (4,741) 1,384
Trading loans — 1,888 — — 1,888
Total trading assets and derivatives 1,156 8,553 72 (4,741) 5,040
Securities AFS:
U.S. Treasury securities 1,293 — — — 1,293
Federal agency securities — 984 — — 984
U.S. states and political subdivisions — 203 34 — 237
MBS - agency — 18,911 — — 18,911
MBS - private — — 154 — 154
ABS — 58 21 — 79
Corporate and other debt securities — 37 5 — 42
Other equity securities 2103 — 739 — 842
Total securities AFS 1,396 20,193 953 — 22,542
LHFS:
Residential loans — 1,114 3 — 1,117
Corporate and other loans — 261 — — 261
Total LHFS — 1,375 3 — 1,378
LHFI — — 302 — 302
MSRs — — 1,300 — 1,300
Liabilities
Trading liabilities and derivatives:
U.S. Treasury securities 472 — — — 472
Corporate and other debt securities — 179 — — 179
Equity securities 5 — — — 5
Derivative contracts 502 5,167 4 (5,148) 525
Total trading liabilities and derivatives 979 5,346 4 (5,148) 1,181
Brokered time deposits — 764 — — 764
Long-term debt — 1,556 — — 1,556
Other liabilities 3— — 29 — 29
1 Amounts represent offsetting cash collateral received from, and paid to, the same derivative counterparties, and the impact of netting derivative assets and derivative liabilities when a
legally enforceable master netting agreement or similar agreement exists.
2 Includes $336 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, $103 million in mutual fund investments, and $1 million of other.
3 Includes contingent consideration obligations related to acquisitions, as well as the derivative associated with the Company's sale of Visa shares during the year ended December 31,
2009.