Securities Available for Sale (Tables)

3 Months Ended

Mar. 31, 2012

Investments, Debt and Equity Securities [Abstract]



	March 31, 2012
(Dollars in millions)	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. Treasury securities		$221		$10		$—		$231
Federal agency securities	1,671		77		1		1,747
U.S. states and political subdivisions	406		19		6		419
MBS - agency	20,251		718		2		20,967
MBS - private	237		—		21		216
CDO/CLO securities	43		—		—		43
ABS	394		13		6		401
Corporate and other debt securities	43		3		—		46
Coke common stock	—		2,220		—		2,220
Other equity securities¹	1,032		1		—		1,033
Total securities AFS		$24,298		$3,061		$36		$27,323

	December 31, 2011
(Dollars in millions)	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. Treasury securities		$671		$23		$—		$694
Federal agency securities	1,843		89		—		1,932
U.S. states and political subdivisions	437		21		4		454
MBS - agency	20,480		743		—		21,223
MBS - private	252		—		31		221
CDO/CLO securities	50		—		—		50
ABS	460		11		7		464
Corporate and other debt securities	49		2		—		51
Coke common stock	—		2,099		—		2,099
Other equity securities¹	928		1		—		929
Total securities AFS		$25,170		$2,989		$42		$28,117

¹At March 31, 2012, other equity securities included the following securities at cost: $432 million in FHLB of Atlanta stock, $398 million in Federal Reserve Bank stock, and $202 million in mutual fund investments. At December 31, 2011, other equity securities included the following securities at cost: $342 million in FHLB of Atlanta stock, $398 million in Federal Reserve Bank stock, and $187 million in mutual fund investments.

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



	Distribution of Maturities
(Dollars in millions)	1 Year or Less		1-5 Years		5-10 Years		After 10 Years		Total
Amortized Cost:
U.S. Treasury securities		$8		$213		$—		$—		$221
Federal agency securities	99		1,391		91		90		1,671
U.S. states and political subdivisions	126		203		23		54		406
MBS - agency	797		15,376		1,750		2,328		20,251
MBS - private	—		185		52		—		237
CDO/CLO securities	—		43		—		—		43
ABS	172		155		—		67		394
Corporate and other debt securities	2		4		37		—		43
Total debt securities		$1,204		$17,570		$1,953		$2,539		$23,266
Fair Value:
U.S. Treasury securities		$8		$223		$—		$—		$231
Federal agency securities	100		1,456		99		92		1,747
U.S. states and political subdivisions	129		217		23		50		419
MBS - agency	841		15,972		1,802		2,352		20,967
MBS - private	—		168		48		—		216
CDO/CLO securities	—		43		—		—		43
ABS	173		155		—		73		401
Corporate and other debt securities	2		4		40		—		46
Total debt securities		$1,253		$18,238		$2,012		$2,567		$24,070

Securities in a Continuous Unrealized Loss Position



	March 31, 2012
	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		$48		$1		$—		$—		$48		$1
U.S. states and political subdivisions	1		—		24		6		25		6
MBS - agency	472		2		1		—		473		2
ABS	—		—		11		4		11		4
Total temporarily impaired securities	521		3		36		10		557		13
Other-than-temporarily impaired securities:¹
MBS - private	1		—		215		21		216		21
ABS	1		—		4		2		5		2
Total other-than-temporarily impaired securities	2		—		219		23		221		23
Total impaired securities		$523		$3		$255		$33		$778		$36

	December 31, 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		$10		$—		$—		$—		$10		$—
U.S. states and political subdivisions	1		—		28		4		29		4
MBS - agency	224		—		1		—		225		—
CDO/CLO securities	50		—		—		—		50		—
ABS	—		—		11		5		11		5
Total temporarily impaired securities	285		—		40		9		325		9
Other-than-temporarily impaired securities:¹
MBS - private	15		1		206		30		221		31
ABS	1		—		3		2		4		2
Total other-than-temporarily impaired securities	16		1		209		32		225		33
Total impaired securities		$301		$1		$249		$41		$550		$42

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 March 31
(Dollars in millions)	2012			2011
Gross realized gains		$20			$143
Gross realized losses	—			(78		)
OTTI	(2		)	(1		)
Net securities gains		$18			$64

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



	Three Months Ended March 31
	2012		2011
(Dollars in millions)	MBS - Private		MBS - Private
OTTI¹		$2		$1
Portion of losses recognized in OCI (before taxes)	—		—
Net impairment losses recognized in earnings		$2		$1

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, January 1, 2012		$25
Additions:
OTTI credit losses on previously impaired securities	2
Balance, March 31, 2012		$27

Balance, January 1, 2011		$20
Additions:
OTTI credit losses on previously impaired securities	1
Balance, March 31, 2011		$21

Measurement Of Investment Credit Losses Assumptions [Table Text Block]



	March 31, 2012	March 31, 2011
Default rate	2 - 6%	5 - 7%
Prepayment rate	8 - 16%	13 - 19%
Loss severity	47 - 52%	39 - 43%

- 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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