Regions Bank 2011 Annual Report Download - page 221

NOTE 20. DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES
The following tables present the notional and fair value of derivative instruments on a gross basis as of
December 31:
2011
Asset Derivatives Liability Derivatives
Notional
Value Balance Sheet Location Fair Value Balance Sheet Location Fair Value
(In millions)
Derivatives in fair value hedging
relationships:
Interest rate swaps ........ $ 5,535 Other assets $ 153 Other liabilities $ 1
Forward commitments ........ 640 11
Derivatives in cash flow hedging
relationships:
Interest rate swaps ........ 11,500 Other assets 209 Other liabilities 1
Total derivatives designated as
hedging instruments ........ $ 17,675 $ 362 $ 13
Derivatives not designated as
hedging instruments:
Interest rate swaps(1) ...... $ 59,293 Other assets $2,396 Other liabilities $2,414
Interest rate options(2) ..... 4,018 Other assets 41 Other liabilities 28
Interest rate futures and
forward commitments . . . 90,607 Other assets 11 Other liabilities 23
Other contracts .......... 1,276 Other assets 43 Other liabilities 36
Total derivatives not designated
as hedging instruments ...... $155,194 $2,491 $2,501
Total derivatives ..... $172,869 $2,853 $2,514
(1) Includes Morgan Keegan amounts of $4,198 million in Notional Value and $454 million in Other Assets/
Other Liabilities
(2) Includes Morgan Keegan amounts of $364 million in Notional Value and $23 million in Other Assets/Other
Liabilities
197