Comerica 2012 Annual Report Download - page 103
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Comerica Incorporated and Subsidiaries
F-69
(in millions) Total Level 1 Level 2 Level 3
December 31, 2011
Trading securities:
Deferred compensation plan assets $ 90 $ 90 $ — $ —
Residential mortgage-backed securities (a) 2 — 2 —
Other government-sponsored enterprise securities 9 — 9 —
State and municipal securities 12 — 12 —
Corporate debt securities 1 — 1 —
Other securities 1 1 — —
Total trading securities 115 91 24 —
Investment securities available-for-sale:
U.S. Treasury and other U.S. government agency securities 20 20 — —
Residential mortgage-backed securities (a) 9,512 — 9,512 —
State and municipal securities (b) 24 — — 24
Corporate debt securities:
Auction-rate debt securities 1 — — 1
Other corporate debt securities 46 — 46 —
Equity and other non-debt securities:
Auction-rate preferred securities 408 — — 408
Money market and other mutual funds 93 93 — —
Total investment securities available-for-sale 10,104 113 9,558 433
Derivative assets:
Interest rate contracts 602 — 602 —
Energy derivative contracts 115 — 115 —
Foreign exchange contracts 40 — 40 —
Warrants 3 — — 3
Total derivative assets 760 — 757 3
Total assets at fair value $ 10,979 $ 204 $ 10,339 $ 436
Derivative liabilities:
Interest rate contracts $ 253 $ — $ 253 $ —
Energy derivative contracts 115 — 115 —
Foreign exchange contracts 35 — 35 —
Other 6 — — 6
Total derivative liabilities 409 — 403 6
Deferred compensation plan liabilities 90 90 — —
Total liabilities at fair value $ 499 $ 90 $ 403 $ 6
(a) Residential mortgage-backed securities issued and/or guaranteed by U.S. government agencies or U.S. government-sponsored enterprises.
(b) Primarily auction-rate securities.
There were no transfers of assets or liabilities recorded at fair value on a recurring basis into or out of Level 1, Level 2
and Level 3 fair value measurements during the years ended December 31, 2012 and 2011.