Regions Bank 2011 Annual Report Download - page 232
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Year Ended December 31, 2010
Total Realized /
Unrealized Gains or
Losses
Net change
in unrealized
gains (losses)
included in
earnings
related to
assets and
liabilities
held at
December 31,
2010
Balance
January 1,
2010
Included in
Earnings
Included
in Other
Compre-
hensive
Income
(Loss) Purchases Issuances Settlements
Transfers
into
Level 3
Transfers
out of
Level 3
Balance
December 31,
2010
(In millions)
Level 3 Instruments Only
Trading account
assets(c):
Obligations of states
and political
subdivisions ..... $171 (6) — 198 — (198) — — $165 $—
Commercial agency
MBS ........... 40 2 — 737 — (735) 10 — 54 —
Other securities ..... 4 27 — 12,344 — (12,382) 17 — 10 —
Total trading account
assets(d) .......... $215 23(a) — 13,279 — (13,315) 27 — $229 —
Securities available for
sale: ..............
Obligations of states
and political
subdivisions ..... $ 17 — 7 — — (7) — — $ 17 —
Residential
non-agency
MBS ........... 36 — — — — (14) — — 22 —
Total securities
available for sale .... $ 53 — 7 — — (21) — — $ 39 —
Mortgage servicing
rights ............. $247 (61)(b) — 81 — — — — $267 (61)(b)
Trading account
liabilities(c):
Mortgage-backed
securities: .......
Commercial
agency ........ $ 1 — — 5 — — — — $ 6 —
Other securities ..... — — — 36 — (43) 11 — 4 —
Total trading account
liabilities(d) ........ $ 1 — — 41 — (43) 11 — $ 10 —
Derivatives, net:
Interest rate
options ......... $— 108(b) — — — (105) — — $ 3 108(b)
Interest rate futures
and forward
commitments .... 3 — — 2 — — — — 5 —
Total derivatives, net . . $ 3 108 — 2 — (105) — — $ 8 108
(a) Included in discontinued operations, on a net basis.
(b) Included in mortgage income.
(c) Income from trading account assets primarily represents gains/(losses) on disposition, which inherently includes commissions on security
transactions during the period.
(d) All amounts related to trading account assets and trading account liabilities are related to Morgan Keegan (see Note 3 and 25 for
discussion of pending sale of Morgan Keegan).
208