Regions Bank 2010 Annual Report Download - page 187
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months. Of this amount, $60 million relates to the amortization of discontinued cash flow hedges. The maximum
length of time over which Regions is hedging its exposure to the variability in future cash flows for forecasted
transactions is approximately seven years as of December 31, 2010.
The following tables present the effect of derivative instruments on the statement of operations for the years
ended December 31:
Year Ended December 31, 2010
Derivatives in Fair
Value Hedging
Relationships
Location of Gain(Loss)
Recognized in Income on
Derivatives
Amount of Gain(Loss)
Recognized in
Income on
Derivatives
Hedged Items in
Fair Value Hedge
Relationships
Location of Gain(Loss)
Recognized in Income on
Related Hedged Item
Amount of
Gain(Loss)
Recognized
in Income on
Related
Hedged Item
(In millions)
Interest rate swaps .... Other non-interest expense $ 47 Debt/CDs Other non-interest expense $ (62)
Interest rate swaps .... Interest expense 245 Debt Interest expense 11
Total .............. $292 $(51)
Derivatives in Cash
Flow Hedging
Relationships
Amount of Gain(Loss)
Recognized in OCI on
Derivatives (Effective
Portion)(1)
Location of
Gain(Loss)
Reclassified from
Accumulated OCI into
Income (Effective
Portion)
Amount of
Gain(Loss)
Reclassified from
Accumulated
OCI into Income
(Effective
Portion)(2)
Location of Gain(Loss)
Recognized in Income on
Derivatives (Ineffective
Portion and Amount
Excluded from
Effectiveness Testing)
Amount of
Gain(Loss)
Recognized
in Income on
Derivatives
(Ineffective
Portion and
Amount
Excluded
from
Effectiveness
Testing)(2)
(In millions)
Interest rate swaps .... $ (97) Interest income on loans $ 182 Other non-interest expense $ (5)
Forward starting
swaps ............ (35) Interest expense on debt — Other non-interest expense —
Interest rate options . . . (21) Interest income on loans 43 Interest income on loans —
Eurodollar futures .... (13) Interest income on loans 34 Other non-interest expense (7)
Total .............. $(166) $ 259 $ (12)
(1) After-tax
(2) Pre-tax
173