Variable Interest Entities (Tables)

6 Months Ended

Jun. 30, 2011

Variable Interest Entities

Summary Of VIE Consolidated By FHN

	June 30, 2011
	On-Balance Sheet		Rabbi Trusts Used for Deferred
	Consumer Loan Securitizations		Compensation Plans
(Dollars in thousands)	Carrying Value		Carrying Value
Assets:
Cash and due from banks	$	1,805		N/A
Loans, net of unearned income		694,031		N/A
Less: Allowance for loan losses		33,030		N/A
Total net loans		661,001		N/A
Other assets		13,983	$	62,207
Total assets	$	676,789	$	62,207
Noninterest-bearing deposits	$	903		N/A
Term borrowings		682,764		N/A
Other liabilities		49	$	55,387
Total liabilities	$	683,716	$	55,387

	June 30, 2010
	On-Balance Sheet		Rabbi Trusts Used for Deferred
	Consumer Loan Securitizations		Compensation Plans
(Dollars in thousands)	Carrying Value		Carrying Value
Assets:
Loans, net of unearned income	$	833,830		N/A
Less: Allowance for loan losses		50,143		N/A
Total net loans		783,687		N/A
Other assets		24,662	$	59,804
Total assets	$	808,349	$	59,804
Noninterest-bearing deposits	$	880		N/A
Term borrowings		830,356		N/A
Other liabilities		121	$	55,341
Total liabilities	$	831,357	$	55,341

Summary Of VIE Not Consolidated By FHN

	June 30, 2011
(Dollars in thousands)	Maximum		Liability
Type	Loss Exposure		Recognized		Classification
Low Income Housing Partnerships (a) (b)	$	79,613	$	—	Other assets
Small Issuer Trust Preferred Holdings (c)		465,157		—	Loans, net of unearned income
On-Balance Sheet Trust Preferred Securitizations		62,411		51,750	(d)
Proprietary Trust Preferred Issuances (e)		N/A		206,186	Term borrowings
Proprietary & Agency Residential Mortgage Securitizations		375,669		—	(f)
Holdings of Agency Mortgage-Backed Securities (c)		3,420,924		—	(g)
Short Positions in Agency Mortgage-Backed Securities (e)		N/A		360	Trading liabilities
Commercial Loan Troubled Debt Restructurings (h) (i)		105,482		—	Loans, net of unearned income
Managed Discretionary Trusts (e)		N/A		N/A	N/A

(a)	Maximum loss exposure represents $79.1 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 the value of current investments. A liability is not recognized as FHN is solely a holder of the trusts' securities.
(d)	$112.5 million classified as Loans, net of unearned income, and $1.7 million classified as Trading securities which are offset by $51.8 million classified as Term borrowings.
(e)	No exposure to loss due to the nature of FHN's involvement.
(f)	Includes $94.1 million and $65.6 million classified as MSR and $12.8 million and $18.8 million classified as Trading securities related to proprietary and agency residential mortgage securitizations, respectively. Aggregate servicing advances of $281.3 million are classified as Other assets and is offset by aggregate custodial balances of $97.0 million classified as Noninterest-bearing deposits.
(g)	Includes $495.3 million classified as Trading securities and $2.9 billion classified as Securities available for sale.
(h)	Maximum loss exposure represents $101.9 million of current receivables and $3.6 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.

	June 30, 2010
(Dollars in thousands)	Maximum		Liability
Type	Loss Exposure		Recognized		Classification
Low Income Housing Partnerships (a) (b)	$	100,057	$	—	Other assets
Small Issuer Trust Preferred Holdings (c)		465,350		—	Loans, net of unearned income
On-Balance Sheet Trust Preferred Securitizations		63,453		50,721	(d)
Proprietary Trust Preferred Issuances (e)		N/A		309,000	Term borrowings
Proprietary & Agency Residential Mortgage Securitizations		322,659		—	(f)
Holdings of Agency Mortgage-Backed Securities (c)		2,503,929		—	(g)
Short Positions in Agency Mortgage-Backed Securities (e)		N/A		732	Trading liabilities
Commercial Loan Troubled Debt Restructurings (h) (i)		36,686		—	Loans, net of unearned income
Managed Discretionary Trusts (e)		N/A		N/A	N/A

(a)	Maximum loss exposure represents $98.7 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 $50.7 million classified as Term borrowings.
(e)	No exposure to loss due to the nature of FHN's involvement.
(f)	Includes $93.7 million and $77.8 million classified as Mortgage servicing rights and $17.4 million and $22.8 million classified as Trading securities related to proprietary and agency residential mortgage securitizations, respectively. Aggregate servicing advances of $227.1 million are classified as Other assets and is offset by aggregate custodial balances of $116.1 million classified as Noninterest-bearing deposits.
(g)	Includes $491.8 million classified as Trading securities and $2.0 billion classified as Securities available for sale.
(h)	Maximum loss exposure represents $36.1 million of current receivables and $.6 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.