SunTrust 2015 Annual Report Download - page 156

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Notes to Consolidated Financial Statements, continued
128
Year Ended December 31, 2014
(Dollars in millions)
Amount of
Pre-tax Gain
Recognized in OCI
on Derivatives
(Effective Portion)
Amount of
Pre-tax Gain
Reclassified from
AOCI into Income
(Effective Portion)
Classification of
Pre-tax Gain
Reclassified
from AOCI into Income
(Effective Portion)
Derivative instruments in cash flow hedging relationships:
Interest rate contracts hedging floating rate loans 1 $99 $290 Interest and fees on loans
1 During the year ended December 31, 2014, the Company also reclassified $97 million of pre-tax gains from AOCI into net interest income. These gains related to hedging
relationships that have been terminated or de-designated and are reclassified into earnings consistent with the pattern of net cash flows expected to be recognized.
Year Ended December 31, 2014
(Dollars in millions)
Amount of Gain
on Derivatives
Recognized in Income
Amount of Loss on
Related Hedged Items
Recognized in Income
Amount of Gain
Recognized in Income
on Hedges
(Ineffective Portion)
Derivative instruments in fair value hedging relationships:
Interest rate contracts hedging fixed rate debt 1$8 ($7) $1
Interest rate contracts hedging brokered CDs 1— — —
Total $8 ($7) $1
1 Amounts are recognized in trading income in the Consolidated Statements of Income.
(Dollars in millions)
Classification of Gain/(Loss) Recognized
in Income on Derivatives
Amount of Gain/(Loss)
Recognized in Income
on Derivatives During the
Year Ended December 31, 2014
Derivative instruments not designated as hedging instruments:
Interest rate contracts hedging:
MSRs Mortgage servicing related income $257
LHFS, IRLCs Mortgage production related income (149)
Trading activity Trading income 49
Foreign exchange rate contracts hedging trading activity Trading income 69
Credit contracts hedging:
Loans Other noninterest income (1)
Trading activity Trading income 17
Equity contracts hedging trading activity Trading income 4
Other contracts - IRLCs Mortgage production related income 261
Total $507