SunTrust 2014 Annual Report Download - page 42

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19
securities may not accurately reflect the underlying value of our
securities, and you should consider this before relying on the
market prices of our securities when making an investment
decision.
Our revenues derived from our investment securities may
be volatile and subject to a variety of risks.
We generally maintain investment securities and trading
positions in the fixed income, currency, and equity markets.
Unrealized gains and losses associated with our investment
portfolio and mark-to-market gains and losses associated with
our trading portfolio are affected by many factors, including
interest rate volatility, volatility in capital markets, and other
economic factors. Our return on such investments and trading
have in the past experienced, and will likely in the future
experience, volatility and such volatility may materially
adversely affect our financial condition and results of
operations. Additionally, accounting regulations may require us
to record a charge prior to the actual realization of a loss when
market valuations of such securities are impaired and such
impairment is considered to be other than temporary.
We may enter into transactions with off-balance sheet
affiliates.
We engage in a variety of transactions with off-balance
sheet entities with which we are affiliated. While we have no
obligation, contractual or otherwise, to do so, under certain
limited circumstances these transactions may involve providing
some form of financial support to these entities. Any such actions
may cause us to recognize current or future gains or losses.
Depending on the nature and magnitude of any transaction we
enter into with off-balance sheet entities, accounting rules may
require us to consolidate the financial results of these entities
with our financial results.
Item 1B. UNRESOLVED STAFF COMMENTS
None.
Item 2. PROPERTIES
Our principal executive offices are located in SunTrust Plaza,
Atlanta, Georgia. The 60-story office building is majority-owned
by SunTrust Banks, Inc. At December 31, 2014, the Bank
operated 1,445 full-service banking offices, of which 569 were
owned and the remainder were leased. The full-service banking
offices are located primarily in Florida, Georgia, Maryland,
North Carolina, South Carolina, Tennessee, Virginia, and the
District of Columbia. See Note 8, “Premises and Equipment,”
to the Consolidated Financial Statements in Item 8 of this Form
10-K for further discussion of our properties.
Item 3. LEGAL PROCEEDINGS
For information regarding the Company's legal matters, see Note
19, “Contingencies,” to the Consolidated Financial Statements
in Item 8 of this Form 10-K, which is incorporated herein by
reference.
Item 4. MINE SAFETY DISCLOSURES
Not applicable.