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Master Netting and Similar Agreements—Repurchase, Reverse Repurchase, and Securities Borrowing Transactions (Tables)
9 Months Ended
Sep. 30, 2021
Offsetting [Abstract]  
Securities Purchased Under Agreements To Resell And Collateral Pledged By Counterparties
The following table provides details of securities purchased under agreements to resell and collateral pledged by counterparties as of September 30, 2021 and December 31, 2020:
 
    Gross amounts not offset in the
Balance Sheets
 
(Dollars in millions)Gross amounts
of recognized
assets
Gross amounts
offset in the
Balance Sheets
Net amounts of
assets presented
in the Balance Sheets
Offsetting
securities sold
under agreements
to repurchase
Securities collateral
(not recognized on
FHN’s Balance Sheets)
Net amount
Securities purchased under agreements to resell:
September 30, 2021$355 $ $355 $(12)$(341)$2 
December 31, 2020380 — 380 — (379)
Securities Sold Under Agreements To Repurchase And Collateral Pledged By Company
The following table provides details of securities sold under agreements to repurchase and collateral pledged by FHN as of September 30, 2021 and December 31, 2020:
 
    Gross amounts not offset in the
Balance Sheets
 
(Dollars in millions)Gross amounts
of recognized
liabilities
Gross amounts
offset in the
Balance Sheets
Net amounts of
liabilities presented
in the Balance Sheets
Offsetting
securities
purchased under
agreements to resell
Securities/
government
guaranteed loans
collateral
Net amount
Securities sold under agreements to repurchase:
September 30, 2021$1,299 $ $1,299 $(12)$(1,287)$ 
December 31, 20201,187 — 1,187 — (1,187)— 
Schedule of the Remaining Contractual Maturity by Collateral Type of Securities Sold Under Agreements To Repurchase
The following tables provide details, by collateral type, of the remaining contractual maturity of securities sold under agreements to repurchase as of September 30, 2021 and December 31, 2020:
 
 September 30, 2021
(Dollars in millions)Overnight and
Continuous
Up to 30 DaysTotal
Securities sold under agreements to repurchase:
U.S. treasuries$17 $ $17 
Government agency issued MBS1,097  1,097 
Government agency issued CMO1  1 
Other U.S. government agencies51  51 
Government guaranteed loans (SBA and USDA)133  133 
Total securities sold under agreements to repurchase$1,299 $ $1,299 
December 31, 2020
(Dollars in millions)Overnight and
Continuous
Up to 30 DaysTotal
Securities sold under agreements to repurchase:
U.S. treasuries$284 $— $284 
Government agency issued MBS616 — 616 
Government agency issued CMO10 — 10 
Other U.S. government agencies151 — 151 
Government guaranteed loans (SBA and USDA)126 — 126 
Total securities sold under agreements to repurchase$1,187 $— $1,187