Regions Bank 2012 Annual Report Download - page 199

The following table presents the fair value of Regions’ defined-benefit pension plans’ and other
postretirement plans’ financial assets as of December 31:
2012 2011
Level 1 Level 2 Level 3 Fair Value Level 1 Level 2 Level 3 Fair Value
(In millions)
Cash and cash equivalents(1) ........ $ 34 $— $— $ 34 $ 30 $— $— $ 30
Fixed income securities:
U.S. Treasury and federal agency
securities ................. — 130 — 130 — 116 — 116
Mortgage-backed securities .... — 8 — 8 — 11 — 11
Collateralized mortgage
obligations ................ — 3 — 3 — 11 — 11
Obligations of states and political
subdivisions .............. — 1 — 1 — 1 — 1
Corporate bonds ............. — 167 — 167 — 158 — 158
Total fixed income
securities ............. $— $309 $— $ 309 $— $297 $— $ 297
Equity securities:
Domestic ................... 253 — — 253 211 — — 211
International ................ 5 — — 5 3 — — 3
Total common stock ...... $258 $— $— $ 258 $214 $— $— $ 214
Mutual funds:
Domestic ................... 347 — — 347 309 — — 309
International ................ 1 — — 1 1 — — 1
Total mutual funds ....... $348 $— $— $ 348 $310 $— $— $ 310
Collective investment trust funds:
Fixed income fund ........... — 221 — 221 — 210 — 210
Common stock fund .......... — 40 — 40 — 31 — 31
International fund ............ — 208 — 208 — 120 — 120
$— 469 — $ 469 $— 361 — $ 361
International hedge funds .......... $— $ 84 $— $ 84 $— $ 73 $— $ 73
Real estate funds ................. $— $— $203 $ 203 $— $— $186 $ 186
Private equity funds .............. $— $— $ 46 $ 46 $— $— $ 26 $ 26
Other assets ..................... $— $— $ 1 $ 1 $— $— $ 1 $ 1
$640 $862 $250 $1,752 $554 $731 $213 $1,498
(1) This amount includes financial assets related to other postretirement plans of approximately $3 million and
$4 million at December 31, 2012 and 2011, respectively.
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