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Accumulated Other Comprehensive Income (Tables)
6 Months Ended
Jun. 30, 2013
Stockholders' Equity Note [Abstract]  
Accumulated Other Comprehensive Income (Loss)
The following table presents changes in accumulated other comprehensive income balances.
Three Months Ended June 30,
2013
 
2012
 
(in millions)
Unrealized gains (losses) on securities available-for-sale:
 
 
 
Balance at beginning of period
$
842

 
$
756

Other comprehensive income (loss) for period:
 
 
 
Net unrealized gains (losses) arising during period, net of tax of $(398) million and $203 million, respectively
(571
)
 
286

Reclassification adjustment for gains realized in net income (loss), net of tax of $(9) million and $(27) million, respectively (1)
(14
)
 
(38
)
Total other comprehensive loss for period
(585
)
 
248

Balance at end of period
257

 
1,004

Unrealized losses on other-than-temporarily impaired debt securities held-to-maturity:
 
 
 
Balance at beginning of period

 

Adjustment to add other-than-temporary impairment due to the consolidation of VIE, net of tax of $(48) million
(67
)
 

Balance at end of period
(67
)
 

Unrealized gains (losses) on derivatives classified as cash flow hedges:
 
 
 
Balance at beginning of period
(178
)
 
(192
)
Other comprehensive income (loss) for period:
 
 
 
Net gains (losses) arising during period, net of tax of $35 million and $(29) million, respectively
49

 
(39
)
Reclassification adjustment for losses realized in net income (loss), net of tax of $1 million and $2 million, respectively (2)
2

 
2

Total other comprehensive income (loss) for period
51

 
(37
)
Balance at end of period
(127
)
 
(229
)
Pension and postretirement benefit liability:
 
 
 
Balance at beginning and end of period
(6
)
 
(11
)
Total accumulated other comprehensive income at end of period
$
57

 
$
764

 
 
 
 
Six Months Ended June 30,
2013
 
2012
 
(in millions)
Unrealized gains (losses) on securities available-for-sale:
 
 
 
Balance at beginning of period
$
992

 
$
883

Other comprehensive income (loss) for period:
 
 
 
Net unrealized gains (losses) arising during period, net of tax of $(455) million and $127 million, respectively
(649
)
 
177

Reclassification adjustment for gains realized in net income (loss), net of tax of $(60) million and $(39) million, respectively (1)
(86
)
 
(56
)
Total other comprehensive income (loss) for period
(735
)
 
121

Balance at end of period
257

 
1,004

Unrealized losses on other-than-temporarily impaired debt securities held-to-maturity:
 
 
 
Balance at beginning of period

 

Adjustment to add other-than-temporary impairment due to the consolidation of VIE, net of tax of $(48) million
(67
)
 

Balance at end of period
(67
)
 

Unrealized gains (losses) on derivatives classified as cash flow hedges:
 
 
 
Balance at beginning of period
(201
)
 
(229
)
Other comprehensive income (loss) for period:
 
 
 
Net gains (losses) arising during period, net of tax of $49 million and $(5) million, respectively
70

 
(5
)
Reclassification adjustment for losses realized in net income (loss), net of tax of $3 million and $3 million, respectively (2)
4

 
5

Total other comprehensive income for period
74

 

Balance at end of period
(127
)
 
(229
)
Pension and postretirement benefit liability:
 
 
 
Balance at beginning of period
(6
)
 
(12
)
Other comprehensive income for period:
 
 
 
Reclassification adjustment of prior service costs and transition obligations in net income, net of tax of less than $1 million

 
1

Total other comprehensive income for period

 
1

Balance at end of period
(6
)
 
(11
)
Total accumulated other comprehensive income at end of period
$
57

 
$
764

 
(1) 
Amount reclassified to net income (loss) is included in other securities gains, net in our consolidated statement of income.
(2) 
Amount reclassified to net income (loss) relates to interest rate contracts and is included in interest income (expense) in our consolidated statement of income.
(3) 
Amount reclassified to net income (loss) is included in salaries and employee benefits in our consolidated statement of income.