

	On-Balance Sheet Consumer Loan Securitizations			Rabbi Trusts Used for Deferred Compensation Plans
(Dollars in thousands)	Carrying Value			Carrying Value

Assets:
Cash and due from banks		$	4,914			N/A
Loans, net of unearned income			640,778			N/A
Less: Allowance for loan losses			31,826			N/A

Total net loans			608,952			N/A

Other assets			13,418			58,690

Total assets		$	627,284		$	58,690

Liabilities:
Term borrowings		$	620,127			N/A
Other liabilities			92			50,508

Total liabilities		$	620,219		$	50,508

The following table summarizes VIEs consolidated by FHN as of December 31, 2010:



	On-Balance Sheet Consumer Loan Securitizations			Rabbi Trusts Used for Deferred Compensation Plans
(Dollars in thousands)	Carrying Value			Carrying Value

Assets:
Cash and due from banks		$	3,143			N/A
Loans, net of unearned income			757,491			N/A
Less: Allowance for loan losses			47,452			N/A

Total net loans			710,039			N/A

Other assets			19,658			61,323

Total assets		$	732,840		$	61,323

Liabilities:
Noninterest-bearing deposits		$	1,203			N/A
Term borrowings			754,521			N/A
Other liabilities			101			57,218

Total liabilities		$	755,825		$	57,218

(Dollars in thousands)

Maximum
Loss Exposure

Liability
Recognized

Classification

Type

Low income housing partnerships (a)(b)

70,923

Other assets

New market tax credit LLCs (b)(c)

20,932

Other assets

Small issuer trust preferred holdings (d)

447,156

Loans, net of unearned income

On-Balance sheet trust preferred securitization

61,956

52,218

(e)

Proprietary Trust Preferred Issuances (f)

N/A

206,186

Term borrowings

Proprietary & agency residential mortgage securitizations

497,794

(g)

Holdings of agency mortgage-backed securities (d)

3,211,442

(h)

Short positions in agency mortgage-backed securities (f)

N/A

736

Trading liabilities

Commercial loan troubled debt restructurings (i)(j)

91,600

Loans, net of unearned income

Managed discretionary trusts (f)

N/A

(a)

Maximum loss exposure represents $70.3 million of current investments and $.6 million of contractual funding commitments. Only the current investment amount is included in Other assets.

(b)

A liability is not recognized because investments are written down over the life of the related tax credit.

(c)

Maximum loss exposure represents current investment balance. $15.3 million of the initial investment was funded through loans from community development enterprises.

(d)

Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts' securities.

(e)

$112.5 million classified as Loans, net of unearned income, and $1.7 million classified as Trading securities which are offset by $52.2 million classified as Term borrowings.

(f)

No exposure to loss due to the nature of FHN's involvement.

(g)

Includes $79.4 million and $46.3 million classified as MSR and $11.8 million and $14.3 million classified as Trading securities related to proprietary and agency residential mortgage securitizations, respectively. Aggregate servicing advances of $345.9 million are classified as Other assets.

(h)

Includes $443.3 million classified as Trading securities and $2.8 billion classified as Securities available for sale.

(i)

Maximum loss exposure represents $89.9 million of current receivables and $1.7 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring.

(j)

A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers' operations.

The following table summarizes VIEs that are not consolidated by FHN as of December 31, 2010:

(Dollars in thousands)

Maximum
Loss Exposure

Liability
Recognized

Classification

Type

Low income housing partnerships (a)(b)

88,923

Other assets

Small issuer trust preferred holdings (c)

465,157

Loans, net of unearned income

On-Balance sheet trust preferred securitization

62,920

51,241

(d)

Proprietary trust preferred issuances (e)

N/A

309,279

Term borrowings

Proprietary & agency residential mortgage securitizations

404,282

(f)

Holdings of agency mortgage-backed securities (c)

2,967,845

(g)

Short positions in agency mortgage-backed securities (e)

N/A

1,804

Trading liabilities

Commercial loan troubled debt restructurings (h)(i)

119,353

Loans, net of unearned income

Managed discretionary trusts (e)

N/A

(a)

Maximum loss exposure represents $87.7 million of current investments and $1.3 million of contractual funding commitments. Only the current investment amount is included in Other Assets.

(b)

A liability is not recognized because investments are written down over the life of the related tax credit.

(c)

Maximum loss exposure represents the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts' securities.

(d)

$112.5 million was classified as Loans, net of unearned income, and $1.7 million was classified as Trading securities which are offset by $51.2 million classified as Term borrowings.

(e)

No exposure to loss due to the nature of FHN's involvement.

(f)

Includes $100.9 million and $75.2 million classified as Mortgage servicing rights and $14.0 million and $21.4 million classified as Trading securities related to proprietary and agency residential mortgage securitizations, respectively. Aggregate servicing advances of $262.5 million are classified as Other assets and is offset by aggregate custodial balances of $69.8 million classified as Noninterest-bearing deposits.

(g)

Includes $329.1 million classified as Trading securities and $2.6 billion classified as Securities available for sale.

(h)

Maximum loss exposure represents $115.5 million of current receivables and $3.8 million of contractual funding commitments on loans related to commercial borrowers involved in a troubled debt restructuring.

(i)

A liability is not recognized as the loans are the only variable interests held in the troubled commercial borrowers' operations.