Securities Available for Sale (Tables)

9 Months Ended

Sep. 30, 2011



	September 30, 2011
(Dollars in millions)	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. Treasury securities		$374		$12		$—		$386
Federal agency securities	2,527		118		—		2,645
U.S. states and political subdivisions	471		21		2		490
MBS - agency	19,302		728		—		20,030
MBS - private	319		1		33		287
CDO/CLO securities	337		—		5		332
ABS	534		13		7		540
Corporate and other debt securities	53		2		1		54
Coke common stock	—		2,027		—		2,027
Other equity securities¹	710		1		—		711
Total securities AFS		$24,627		$2,923		$48		$27,502

	December 31, 2010
(Dollars in millions)	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. Treasury securities		$5,446		$115		$45		$5,516
Federal agency securities	1,883		19		7		1,895
U.S. states and political subdivisions	565		17		3		579
MBS - agency	14,014		372		28		14,358
MBS - private	378		3		34		347
CDO/CLO securities	50		—		—		50
ABS	798		15		5		808
Corporate and other debt securities	464		19		1		482
Coke common stock	—		1,973		—		1,973
Other equity securities¹	886		1		—		887
Total securities AFS		$24,484		$2,534		$123		$26,895

¹At September 30, 2011, other equity securities included the following securities at cost: $171 million in FHLB of Atlanta stock, $391 million in Federal Reserve Bank stock, and $148 million in mutual fund investments. At December 31, 2010, other equity securities included the following securities at cost: $298 million in FHLB of Atlanta stock, $391 million in Federal Reserve Bank stock, and $197 million in mutual fund investments.

Amortized Cost and Fair Value of Investments in Debt Securities by Estimated Average Life



(Dollars in millions)	1 Year or Less		1-5 Years		5-10 Years		After 10 Years		Total
Distribution of Maturities:
Amortized Cost
U.S. Treasury securities		$9		$213		$152		$—		$374
Federal agency securities	73		2,209		189		56		2,527
U.S. states and political subdivisions	136		245		26		64		471
MBS - agency	1,101		11,236		4,050		2,915		19,302
MBS - private	31		141		130		17		319
CDO/CLO securities	—		237		100		—		337
ABS	328		204		2		—		534
Corporate and other debt securities	7		4		17		25		53
Total debt securities		$1,685		$14,489		$4,666		$3,077		$23,917
Fair Value
U.S. Treasury securities		$9		$224		$153		$—		$386
Federal agency securities	74		2,309		204		58		2,645
U.S. states and political subdivisions	139		260		27		64		490
MBS - agency	1,138		11,644		4,246		3,002		20,030
MBS - private	28		129		114		16		287
CDO/CLO securities	—		234		98		—		332
ABS	335		203		2		—		540
Corporate and other debt securities	7		4		18		25		54
Total debt securities		$1,730		$15,007		$4,862		$3,165		$24,764

Securities in a Continuous Unrealized Loss Position



	September 30, 2011
	Less than twelve months				Twelve months or longer				Total
(Dollars in millions)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Temporarily impaired securities
Federal agency securities		$34		$—		$—		$—		$34		$—
U.S. states and political subdivisions	2		—		32		2		34		2
MBS - agency	52		—		—		—		52		—
MBS - private	9		—		22		3		31		3
CDO/CLO securities	333		5		—		—		333		5
ABS	—		—		11		5		11		5
Corporate and other debt securities	—		—		2		1		2		1
Total temporarily impaired securities	430		5		67		11		497		16
Other-than-temporarily impaired securities¹
MBS - private	18		1		220		29		238		30
ABS	3		1		2		1		5		2
Total other-than-temporarily impaired securities	21		2		222		30		243		32
Total impaired securities		$451		$7		$289		$41		$740		$48

	December 31, 2010
	Less than twelve months				Twelve months or longer				Total
(Dollars in millions)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Temporarily impaired securities
U.S. Treasury securities		$2,010		$45		$—		$—		$2,010		$45
Federal agency securities	1,426		7		—		—		1,426		7
U.S. states and political subdivisions	45		1		35		2		80		3
MBS - agency	3,497		28		—		—		3,497		28
MBS - private	18		—		17		3		35		3
ABS	—		—		14		4		14		4
Corporate and other debt securities	—		—		3		1		3		1
Total temporarily impaired securities	6,996		81		69		10		7,065		91
Other-than-temporarily impaired securities¹
MBS - private	—		—		286		31		286		31
ABS	4		1		—		—		4		1
Total other-than-temporarily impaired securities	4		1		286		31		290		32
Total impaired securities		$7,000		$82		$355		$41		$7,355		$123

¹Includes OTTI securities for which credit losses have been recorded in earnings in current or prior periods.

Gross Realized Gains and Losses on Sales and OTTI on Securities AFS



	Three Months Ended September 30					Nine Months Ended September 30
(Dollars in millions)	2011			2010		2011			2010
Gross realized gains		$4			$69		$180			$147
Gross realized losses	(2		)	—		(80		)	(17		)
OTTI	—			—		(2		)	(2		)
Net securities gains		$2			$69		$98			$128

Other Than Temporary Impairment Losses On Investment Securities [Table Text Block]



	Three Months Ended September 30				Nine Months Ended September 30
	2011		2010		2011			2010
(Dollars in millions)					MBS - Private			MBS - Private
OTTI¹		$—		$—		$3			$2
Portion of losses recognized in OCI (before taxes)	—		—		(1		)	—
Net impairment losses recognized in earnings		$—		$—		$2			$2

¹ The initial OTTI amount represents the excess of the amortized cost over the fair value of AFS debt securities. For subsequent impairments of the same security, amount represents additional declines in the fair value subsequent to the previously recorded OTTI, if applicable, until such time the security is no longer in an unrealized loss position.

Rollforward of Credit Losses Recognized in Earnings Related to Securities



(Dollars in millions)
Balance, as of January 1, 2011		$20
Additions:
OTTI credit losses on previously impaired securities	2
Reductions:
Increases in expected cash flows recognized over the remaining life of the securities	(1		)
Balance, as of September 30, 2011		$21

Balance, as of January 1, 2010		$22
Additions/Reductions:¹
Increases in expected cash flows recognized over the remaining life of the securities	(1		)
Balance, as of September 30, 2010		$21

¹ During the nine months ended September 30, 2010, the Company recognized $2 million of OTTI through earnings on debt securities in which no portion of the OTTI loss was included in OCI at any time during the period. OTTI related to these securities are excluded from this amount.

Measurement Of Investment Credit Losses Assumptions [Table Text Block]



	September 30, 2011	September 30, 2010
Current default rate	4 - 8%	2 - 7%
Prepayment rate	12 - 22%	14 - 22%
Loss severity	39 - 44%	37 - 46%

- Definition

Tabular disclosure of available-for-sale securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt.

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+ Details

- Definition

Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income.

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