SunTrust 2015 Annual Report Download - page 172

Download and view the complete annual report

Please find page 172 of the 2015 SunTrust annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 196

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196

Notes to Consolidated Financial Statements, continued
144
Fair Value Measurements
Using Significant Unobservable Inputs
(Dollars in millions)
Beginning
Balance
January 1,
2014
Included
in
Earnings OCI Purchases Sales Settlements
Transfers
to/from
Other
Balance
Sheet
Line Items
Transfers
into
Level 3
Transfers
out of
Level 3
Fair Value
December 31,
2014
Included in
Earnings (held at
December 31,
2014) 1
Assets
Trading assets:
CDO/CLO securities $54 $11 2$— $— ($65) $— $— $— $— $— $—
ABS 6 1 2— — (7) — — — — — —
Derivative
instruments, net 5 252 3— — — 8 (245) — — 20 24 3
Total trading assets 65 264 — — (72) 8 (245) — — 20 24
Securities AFS:
U.S. states and
political
subdivisions 34 (2) — — (20) — — — — 12 —
MBS - private 154 (1) 2 — — (32) — — — 123 (1)
ABS 21 — 2 — — (2) — — — 21 —
Corporate and other
debt securities 5 — — — — — — — — 5 —
Other equity
securities 739 — — 360 — (320) 6 — — 785 —
Total securities AFS 953 (3) 445360 (20) (354) 6 — — 946 (1) 4
Residential LHFS 3 — — — (10) — (6) 17 (3) 1 —
LHFI 302 12 6— — — (45) 1 2 — 272 9 6
Liabilities
Other liabilities 26 4 7— — — (3) — — — 27 —
1 Change in unrealized gains/(losses) included in earnings for the period related to financial assets still held at December 31, 2014.
2 Amounts included in earnings are recognized in trading income.
3 Includes issuances, fair value changes, and expirations and are recognized in mortgage production related income.
4 Amounts included in earnings are recognized in net securities gain/(losses).
5 Amounts recognized in OCI are included in change in net unrealized (losses)/gains on securities AFS, net of tax.
6 Amounts are generally included in mortgage production related income; however, the mark on certain fair value loans is included in trading income.
7 Amounts included in earnings are recognized in other noninterest expense.