SunTrust 2015 Annual Report Download - page 157

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Notes to Consolidated Financial Statements, continued
129
Year Ended December 31, 2013
(Dollars in millions)
Amount of
Pre-tax (Loss)/Gain
Recognized in OCI
on Derivatives
(Effective Portion)
Amount of
Pre-tax Gain
Reclassified from
AOCI into Income
(Effective Portion)
Classification of
Pre-tax (Loss)/Gain
Reclassified
from AOCI into Income
(Effective Portion)
Derivative instruments in cash flow hedging relationships:
Interest rate contracts hedging forecasted debt ($2) $— Interest on long-term debt
Interest rate contracts hedging floating rate loans 1 18 327 Interest and fees on loans
Total $16 $327
1 During the year ended December 31, 2013, the Company also reclassified $90 million pre-tax gains from AOCI into net interest income. These gains related to hedging
relationships that have been previously 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, 2013
(Dollars in millions)
Amount of Loss
on Derivatives
Recognized in Income
Amount of Gain on
Related Hedged Items
Recognized in Income
Amount of Loss
Recognized in Income
on Hedges
(Ineffective Portion)
Derivative instruments in fair value hedging relationships:
Interest rate contracts hedging fixed rate debt 1($36) $33 ($3)
1 Amounts are recognized in trading income in the Consolidated Statements of Income.
(Dollars in millions)
Classification of (Loss)/Gain Recognized
in Income on Derivatives
Amount of (Loss)/Gain
Recognized in Income
on Derivatives During the
Year Ended December 31, 2013
Derivative instruments not designated as hedging instruments:
Interest rate contracts hedging:
MSRs Mortgage servicing related income ($284)
LHFS, IRLCs Mortgage production related income 289
Trading activity Trading income 61
Foreign exchange rate contracts hedging trading activity Trading income 24
Credit contracts hedging:
Loans Other noninterest income (4)
Trading activity Trading income 21
Equity contracts hedging trading activity Trading income (15)
Other contracts - IRLCs Mortgage production related income 98
Total $190