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Securities Available for Sale (Tables)

6 Months Ended

Jun. 30, 2013

Investments, Debt and Equity Securities [Abstract]



	June 30, 2013
(Dollars in millions)	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. Treasury securities		$793		$7		$22		$778
Federal agency securities	2,203		57		38		2,222
U.S. states and political subdivisions	248		10		2		256
MBS - agency	18,784		453		324		18,913
MBS - private	181		1		1		181
ABS	124		2		1		125
Corporate and other debt securities	37		3		—		40
Other equity securities¹	873		1		—		874
Total securities AFS		$23,243		$534		$388		$23,389

	December 31, 2012
(Dollars in millions)	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. Treasury securities		$212		$10		$—		$222
Federal agency securities	1,987		85		3		2,069
U.S. states and political subdivisions	310		15		5		320
MBS - agency	17,416		756		3		18,169
MBS - private	205		4		—		209
ABS	214		5		3		216
Corporate and other debt securities	42		4		—		46
Other equity securities¹	701		1		—		702
Total securities AFS		$21,087		$880		$14		$21,953

¹At June 30, 2013, other equity securities was comprised of the following: $334 million in FHLB of Atlanta stock, $402 million in Federal Reserve Bank stock, $137 million in mutual fund investments, and $1 million of other. At December 31, 2012, other equity securities was comprised of the following: $229 million in FHLB of Atlanta stock, $402 million in Federal Reserve Bank stock, $69 million in mutual fund investments, and $2 million of other.

Investment Income [Table Text Block]



	Three Months Ended June 30				Six Months Ended June 30
(Dollars in millions)	2013		2012		2013		2012
Taxable interest		$133		$153		$265		$322
Tax-exempt interest	3		4		5		8
Dividends¹	7		23		16		45
Total interest and dividends		$143		$180		$286		$375

¹Includes dividends on the Coke common stock of $15 million and $31 million for the three and six months ended June 30, 2012, respectively.

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		$1			$201			$591			$—			$793
Federal agency securities	63			1,391			594			155			2,203
U.S. states and political subdivisions	90			102			11			45			248
MBS - agency	1,539			10,915			2,926			3,404			18,784
MBS - private	—			142			39			—			181
ABS	87			35			2			—			124
Corporate and other debt securities	—			17			20			—			37
Total debt securities		$1,780			$12,803			$4,183			$3,604			$22,370
Fair Value:
U.S. Treasury securities		$1			$208			$569			$—			$778
Federal agency securities	63			1,439			567			153			2,222
U.S. states and political subdivisions	92			108			12			44			256
MBS - agency	1,620			11,231			2,852			3,210			18,913
MBS - private	—			142			39			—			181
ABS	86			37			2			—			125
Corporate and other debt securities	—			19			21			—			40
Total debt securities		$1,862			$13,184			$4,062			$3,407			$22,515
Weighted average yield¹	3.02		%	2.87		%	2.26		%	2.68		%	2.72		%

¹Average yields are based on amortized cost and presented on a FTE basis.

Securities in a Continuous Unrealized Loss Position



	June 30, 2013
	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		$569		$22		$—		$—		$569		$22
Federal agency securities	670		38		—		—		670		38
U.S. states and political subdivisions	1		—		20		2		21		2
MBS - agency	7,405		324		—		—		7,405		324
ABS	—		—		13		1		13		1
Total temporarily impaired securities	8,645		384		33		3		8,678		387
OTTI securities¹:
MBS - private	63		1		—		—		63		1
Total OTTI securities	63		1		—		—		63		1
Total impaired securities		$8,708		$385		$33		$3		$8,741		$388



	December 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		$298		$3		$—		$—		$298		$3
U.S. states and political subdivisions	1		—		24		5		25		5
MBS - agency	1,212		3		—		—		1,212		3
ABS	—		—		13		2		13		2
Total temporarily impaired securities	1,511		6		37		7		1,548		13
OTTI securities¹:
ABS	—		—		3		1		3		1
Total OTTI securities	—		—		3		1		3		1
Total impaired securities		$1,511		$6		$40		$8		$1,551		$14

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 June 30						Six Months Ended June 30
(Dollars in millions)	2013			2012			2013			2012
Gross realized gains		$1			$16			$4			$36
Gross realized losses	(1		)	—			(1		)	—
OTTI	—			(2		)	(1		)	(4		)
Net securities gains		$—			$14			$2			$32

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



	Three Months Ended June 30				Six Months Ended June 30
(Dollars in millions)	2013		2012		2013		2012
OTTI¹		$—		$—		$—		$—
Portion of gains/(losses) recognized in OCI (before taxes)	—		2		1		4
Net impairment losses recognized in earnings		$—		$2		$1		$4

¹The 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 includes 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



	Three Months Ended June 30					Six Months Ended June 30
(Dollars in millions)	2013		2012			2013		2012
Balance, beginning of period		$32		$27			$31		$25
Additions:
OTTI credit losses on previously impaired securities	—		2			1		4
Reductions:
Increases in expected cash flows recognized over the remaining life of the securities	—		(1		)	—		(1		)
Balance, end of period		$32		$28			$32		$28

Measurement Of Investment Credit Losses Assumptions [Table Text Block]



	2013	2012
Default rate	6 - 9%	2 - 6%
Prepayment rate	7 - 8%	7 - 21%
Loss severity	61 - 74%	47 - 56%

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

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- Definition

Tabular disclosure of investment income derived from investments in debt and equity securities consisting of interest income earned from investments in debt securities and on cash and cash equivalents, dividend income from investments in equity securities, and income or expense derived from the amortization of investment related discounts or premiums, respectively. This item does not include realized or unrealized gains or losses on the sale or holding of investments in debt and equity securities required to be included in earnings for the period or for other than temporary losses related to investments in debt and equity securities which are included in realized losses in the period recognized.

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- 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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