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need to find correct answers to the ones marked wrong Interpreting Footnotes on Security Investments SunTrust Banks, Inc. is a bank holding company based in
need to find correct answers to the ones marked wrong
Interpreting Footnotes on Security Investments SunTrust Banks, Inc. is a bank holding company based in Atlanta, Georgia. Founded in 1891 as the Commercial Travelers' Savings Bank, the organization underwrote The Coca-Cola Company's initial public offering in 1919, receiving Coca-Cola stock in lieu of underwriting fees. Over the ensuing 91 years, the SunTrust organization has maintained a close relationship with Coca-Cola. Robert Woodruff, Coca-Cola's president from 1923 to 1954, was the son of long-time SunTrust president, Ernest Woodruff. The original copy of the famous Coca-Cola formula is stored in a safe deposit box at one of SunTrust's Atlanta branches. The financial crisis of 2007-2009 put pressure on most large American financial institutions, including SunTrust. Although the company did not suffer the spectacular drops in asset values that made headlines at other banks, its exposure to property markets and securities connected to these markets caused the bank's regulatory capital to decline, The following information is taken from Note 5 of SunTrust's 2006 annual report: Note 5: Securities Available for Sale Securities available for sale at December 31 were as followsStep by Step Solution
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