Master Netting And Similar Agreements

6 Months Ended

Jun. 30, 2016

Master Netting Agreements And Similar Arrangements [Abstract]

Master Netting Agreements And Similar Arrangements

Note 15 –Master Netting and Similar Agreements - Repurchase, Reverse Repurchase, and Securities Borrowing and Lending Transactions

For repurchase, reverse repurchase and securities borrowing and lending transactions, FHN and each counterparty have the ability to offset all open positions and related collateral in the event of default.Due to the nature of these transactions, the value of the collateral for each transaction approximates the value of the corresponding receivable or payable. For repurchase agreements within FHN’s fixed income business, transactions are collateralized by securities which are delivered on the settlement date and are maintained throughout the term of the transaction. For FHN’s repurchase agreements through banking activities, securities are typically pledged at the time of the transaction and not released until settlement. For asset positions, the collateral is not included on FHN’s Consolidated Condensed Statements of Condition. For liability positions, securities collateral pledged by FHN is generally represented within FHN’s trading or available-for-sale securities portfolios.

For this disclosure, FHN considers the impact of master netting and other similar agreements that allow FHN to settle all contracts with a single counterparty on a net basis and to offset the net asset or liability position with the related securities collateral. The application of the collateral cannot reduce the net asset or liability position below zero, and therefore any excess collateral is not reflected in the tables below.

The following table provides a detail of Securities purchased under agreements to resell as presented on the Consolidated Condensed Statements of Condition and collateral pledged by counterparties as of June 30:

								Gross amounts not offset in the
								Statements of Condition
			Gross amounts		Net amounts of		Offsetting		Securities collateral
	Gross amounts		offset in the		assets presented		securities sold		(not recognized on
	of recognized		Statements of		in the Statements		under agreements		FHN's Statements
(Dollars in thousands)	assets		Condition		of Condition		to repurchase		of Condition)		Net amount
Securities purchased under agreements to resell:
2016	$	881,732	$	-	$	881,732	$	(2,137)	$	(870,795)	$	8,800
2015		816,991		-		816,991		(3,605)		(805,178)		8,208

The following table provides a detail of Securities sold under agreements to repurchase as presented on the Consolidated Condensed Statements of Condition and collateral pledged by FHN as of June 30:

								Gross amounts not offset in the
								Statements of Condition
			Gross amounts		Net amounts of		Offsetting
	Gross amounts		offset in the		liabilities presented		securities
	of recognized		Statements of		in the Statements		purchased under		Securities
(Dollars in thousands)	liabilities		Condition		of Condition		agreements to resell		Collateral		Net amount
Securities sold under agreements to repurchase:
2016	$	451,129	$	-	$	451,129	$	(2,137)	$	(448,894)	$	98
2015		311,760		-		311,760		(3,605)		(308,088)		67

Due to the short duration of Securities sold under agreements to repurchase and the nature of collateral involved, the risks associated with these transactions are considered minimal. The following table provides a detail, by collateral type, of the remaining contractual maturity of Securities sold under agreements to repurchase as of June 30:
	June 30, 2016
	Overnight and
(Dollars in thousands)	Continuous		Up to 30 Days		30 - 90 Days		Total
Securities sold under agreements to repurchase:
U.S. treasuries	$	28,218	$	-	$	-	$	28,218
Government agency issued MBS		308,557		-		100,304		408,861
Government agency issued CMO		-		14,050		-		14,050
Total Securities sold under agreements to repurchase	$	336,775	$	14,050	$	100,304	$	451,129
	June 30, 2015
	Overnight and
(Dollars in thousands)	Continuous		Up to 30 Days		30 - 90 Days		Total
Securities sold under agreements to repurchase:
U.S. treasuries	$	15,175	$	-	$	-	$	15,175
Government agency issued MBS		93,697		-		-		93,697
Government agency issued CMO		190,438		12,450		-		202,888
Total Securities sold under agreements to repurchase	$	299,310	$	12,450	$	-	$	311,760