SunTrust 2015 Annual Report Download - page 162
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Notes to Consolidated Financial Statements, continued
134
Recurring Fair Value Measurements
The following tables present certain information regarding assets and liabilities measured at fair value on a recurring basis and the
changes in fair value for those specific financial instruments for which fair value has been elected.
December 31, 2015
Fair Value Measurements
(Dollars in millions) Level 1 Level 2 Level 3
Netting
Adjustments 1Assets/Liabilities
at Fair Value
Assets
Trading assets and derivative instruments:
U.S. Treasury securities $538 $— $— $— $538
Federal agency securities — 588 — — 588
U.S. states and political subdivisions — 30 — — 30
MBS - agency — 553 — — 553
CLO securities — 2 — — 2
Corporate and other debt securities — 379 89 — 468
CP — 67 — — 67
Equity securities 66 — — — 66
Derivative instruments 262 4,182 21 (3,313) 1,152
Trading loans — 2,655 — — 2,655
Total trading assets and derivative instruments 866 8,456 110 (3,313) 6,119
Securities AFS:
U.S. Treasury securities 3,449 — — — 3,449
Federal agency securities — 411 — — 411
U.S. states and political subdivisions — 159 5 — 164
MBS - agency — 23,124 — — 23,124
MBS - private — — 94 — 94
ABS — — 12 — 12
Corporate and other debt securities — 33 5 — 38
Other equity securities 293 — 440 — 533
Total securities AFS 3,542 23,727 556 — 27,825
Residential LHFS — 1,489 5 — 1,494
LHFI — — 257 — 257
MSRs — — 1,307 — 1,307
Liabilities
Trading liabilities and derivative instruments:
U.S. Treasury securities 503 — — — 503
MBS - agency — 37 — — 37
Corporate and other debt securities — 259 — — 259
Derivative instruments 161 4,261 6 (3,964) 464
Total trading liabilities and derivative instruments 664 4,557 6 (3,964) 1,263
Long-term debt — 973 — — 973
Other liabilities 3— — 23 — 23
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 $93 million of mutual fund investments, $32 million of FHLB of Atlanta stock, $402 million of Federal Reserve Bank of Atlanta stock, and $6 million of other.
3 Includes contingent consideration obligations related to acquisitions.