The following table sets forth the activity in the FDIC loss share asset for the periods presented.


(In thousands)	2011			2010
Balance at beginning of year	$	2,318,183		$	—
FDIC loss share indemnification asset recorded at business combination		—			2,337,748
Accretion of loss share indemnification asset, net		31,389			17,665
Credit impairment losses to be covered under loss sharing agreements		51,329			—
Decrease due to reciprocal accounting on the discount accretion for loans and unfunded commitments accounted for under ASC Subtopic 310-20		(30,003	)		(32,702	)
Credit impairment losses reclassified to claims receivables, net of recoveries		(579,294	)		—
Other net benefits attributable to FDIC loss sharing agreements		13,156			7,695
Claims receivables filed with FDIC and outstanding [1]		545,416			—

Balance at June 30	$	2,350,176		$	2,330,406

[1]	Represent claims filed with the FDIC for losses on covered assets and reimbursable expenses. The Corporation received payment from the FDIC amounting to $545 million in July 2011.