Regions Bank 2012 Annual Report Download - page 216

Year Ended December 31, 2010
Total Realized / Unrealized Gains or Losses
Balance
January 1,
2010
Included in
Earnings
Included in
Other
Comprehensive
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
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
Interest rate futures and forward
commitments ................. 3 — — 2 — — — — 5
Total derivatives, net ............... $ 3 108 — 2 — (105) — — $ 8
(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 for discussion of
sale of Morgan Keegan).
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