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Master Netting and Similar Agreements—Repurchase, Reverse Repurchase, and Securities Borrowing Transactions (Tables)
3 Months Ended
Mar. 31, 2022
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 March 31, 2022 and December 31, 2021:
SECURITIES PURCHASED UNDER AGREEMENTS TO RESELL
    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:
March 31, 2022$567 $ $567 $(66)$(499)$2 
December 31, 2021488 — 488 (10)(476)
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 March 31, 2022 and December 31, 2021: 
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE
    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:
March 31, 2022$759 $ $759 $(66)$(693)$ 
December 31, 20211,247 — 1,247 (10)(1,237)— 
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 March 31, 2022 and December 31, 2021: 
MATURITIES OF SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE
 March 31, 2022
(Dollars in millions)Overnight and
Continuous
Up to 30 DaysTotal
Securities sold under agreements to repurchase:
U.S. treasuries$66 $ $66 
Government agency issued MBS663  663 
Other U.S. government agencies30  30 
Total securities sold under agreements to repurchase$759 $ $759 
December 31, 2021
(Dollars in millions)Overnight and
Continuous
Up to 30 DaysTotal
Securities sold under agreements to repurchase:
U.S. treasuries$33 $— $33 
Government agency issued MBS1,068 — 1,068 
Other U.S. government agencies31 — 31 
Government guaranteed loans (SBA and USDA)115 — 115 
Total securities sold under agreements to repurchase$1,247 $— $1,247