Huntington National Bank 2010 Annual Report Download - page 156

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year of acquisition. Any bad debt deductions recognized after March 31, 2010, would not be limited by IRC
Section 382.
Pledged Loans and Leases
At December 31, 2010, $9.7 billion of commercial and industrial loans and home equity loans were
pledged to secure potential discount window borrowings from the Federal Reserve Bank, and $7.8 billion of
real estate loans were pledged to secure advances from the Federal Home Loan Bank.
4. AVAILABLE-FOR-SALE AND OTHER SECURITIES
The following tables provide amortized cost, fair value, and gross unrealized gains and losses recognized
in OCI by investment category at December 31, 2010 and 2009.
Amortized
Cost
Gross
Gains
Gross
Losses
Fair
Value
Unrealized
(Dollar amounts in thousands)
December 31, 2010
U.S. Treasury ......................... $ 52,425 $ — $ (644) $ 51,781
Federal agencies:
Mortgage-backed securities ............. 4,733,831 71,901 (51,328) 4,754,404
TLGP securities ..................... 181,680 1,787 — 183,467
Other agencies ...................... 2,070,722 4,874 (17,220) 2,058,376
Total U.S. government backed securities ..... 7,038,658 78,562 (69,192) 7,048,028
Municipal securities .................... 456,044 6,154 (6,483) 455,715
Private-label CMO ..................... 134,509 1,236 (13,820) 121,925
Asset-backed securities(1)................ 1,341,407 6,563 (140,848) 1,207,122
Other securities ....................... 1,081,982 388 (19,916) 1,062,454
Total available-for-sale and other
securities .......................... $10,052,600 $92,903 $(250,259) $9,895,244
(1) Amounts at December 31, 2010 include securities backed by automobile loans with a fair value of
$509 million which meet the eligibility requirements for the Term Asset-Backed Securities Loan Facility,
administered by the Federal Reserve Bank.
142