Regions Bank 2010 Annual Report Download - page 150
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Equity securities in the table above included the following amortized cost related to Federal Reserve Bank
stock and Federal Home Loan Bank (“FHLB”) stock. Shares in the Federal Reserve Bank and FHLB are
accounted for at amortized cost, which approximates fair value.
For the Years Ended December 31
2010 2009
(In millions)
Federal Reserve Bank ............................. $471 $492
Federal Home Loan Bank .......................... 419 473
Securities with carrying values of $15.4 billion and $12.4 billion at December 31, 2010 and 2009,
respectively, were pledged to secure public funds, trust deposits and certain borrowing arrangements.
The cost and estimated fair value of securities available for sale and securities held to maturity at
December 31, 2010, by contractual maturity, are shown below. Expected maturities will differ from contractual
maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment
penalties.
Amortized
Cost
Estimated
Fair Value
(In millions)
Securities available for sale:
Due in one year or less .................................................. $ 15 $ 16
Due after one year through five years ...................................... 90 96
Due after five years through ten years ...................................... 16 16
Due after ten years ..................................................... 30 34
Mortgage-backed securities:
Residential agency ................................................. 21,735 21,845
Residential non-agency ............................................. 20 22
Commercial agency ................................................ 113 112
Commercial non-agency ............................................ 103 100
Equity securities ....................................................... 1,047 1,048
$23,169 $23,289
Securities held to maturity:
Due in one year or less .................................................. $ 4 $ 4
Due after one year through five years ...................................... 7 8
Due after five years through ten years ...................................... 1 1
Due after ten years ..................................................... — —
Mortgage-backed securities:
Residential agency ................................................. 12 13
$24$26
136