Annual report pursuant to Section 13 and 15(d)

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details)

v3.19.3.a.u2
DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Derivative [Line Items]      
Fair value hedging adjustments $ 93 $ 127  
Increase (decrease) to net interest income due to derivative adjustment (53) (36) $ 23
Gross amounts of recognized liabilities (less than) 521 404  
Purchase of interest rate caps and derivative financial instruments, notional value 25,927 4,877  
Total notional amount corresponds to trading assets, fair value (less than) 1    
Credit risks from interest rate swaps used for trading purposes 407 132  
Derivative liabilities 104 187  
Aggregate credit risk, net of collateral 22 37  
Investment securities and cash collateral pledged by Huntington 171    
Investment securities and cash collateral pledged to Huntington $ 178    
Derivative liabilities
The following table presents additional information about the interest rate swaps and floors used in Huntington’s asset and liability management activities at December 31, 2019 and December 31, 2018:
 
December 31, 2019
 
 
 
Average Maturity (years)
 
 
 
Weighted-Average Rate
(dollar amounts in millions)
Notional Value
 
 
Fair Value
 
Receive
 
Pay
Asset conversion swaps
 
 
 
 
 
 
 
 
 
Receive fixed—generic
$
8,637

 
3.3

 
$
23

 
1.66
%
 
1.06
%
Liability conversion swaps
 
 
 
 
 
 
 
 
 
Receive fixed—generic
7,540

 
2.3

 
151

 
2.20

 
1.79

Total swap portfolio at December 31, 2019
$
16,177

 
2.9

 
$
174

 
1.91
%
 
1.40
%
 
 
 
 
 
 
 
 
 
 
 
December 31, 2019
 
 
 
 
 
 
 
 
(dollar amounts in millions)
Notional Value
 
Average Maturity (years)
 
Fair Value
Interest rate floors
 
 
 
 
 
 
 
 
 
Designated interest rate floors
$
9,750
 
 
1.6
 
 
$
46

Total floors portfolio at December 31, 2019
$
9,750
 
 
1.6
 
 
$
46

 
 
 
 
 
 
 
 
 
 
 
December 31, 2018
 
 
 
Average Maturity (years)
 
 
 
Weighted-Average Rate
(dollar amounts in millions)
Notional Value
 
 
Fair Value
 
Receive
 
Pay
Asset conversion swaps
 
 
 
 
 
 
 
 
 
Receive fixed—generic
$
12

 
1.2

 
$
—

 
2.20
%
 
2.46
%
Liability conversion swaps
 
 
 
 
 
 
 
 
 
Receive fixed—generic
4,865

 
2.6

 
2

 
2.24
%
 
2.54
%
Total swap portfolio at December 31, 2018
$
4,877

 
2.6

 
$
2

 
2.24
%
 
2.54
%

   
Swap      
Derivative [Line Items]      
Gross amounts of recognized liabilities (less than) $ 1    
Derivative liabilities 1    
Derivative used in trading activity      
Derivative [Line Items]      
Net derivative asset (liability) 87 92  
Derivative financial instruments used by Huntington on behalf of customers including offsetting derivatives, notional value 30,000 26,000  
Derivative used in Mortgage Banking Activities      
Derivative [Line Items]      
Derivative, Fair Value, Net 6 (4)  
Purchase of interest rate caps and derivative financial instruments, notional value 778 0  
Commitments to Sell Loans      
Derivative [Line Items]      
Commitments to sell residential real estate loans $ 1,400 $ 800