Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2012

Preferred Stock and Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income (Loss)

Three Months Ended June 30,	2012			2011
	(in millions)
Unrealized gains on securities available-for-sale, not other-than temporarily impaired:
Balance at beginning of period	$	756		$	(51	)
Other comprehensive income for period:
Net unrealized holding gains arising during period, net of tax of $203 million and $198 million, respectively		286			297
Reclassification adjustment for gains realized in net income, net of tax of $(27) million and $(5) million, respectively		(38	)		(7	)
Total other comprehensive income for period		248			290
Balance at end of period		1,004			239
Unrealized gains (losses) on other-than-temporarily impaired debt securities available-for-sale:
Balance at beginning of period		-			-
Balance at end of period		-			-
Unrealized gains (losses) on other-than-temporarily impaired debt securities held-to-maturity:
Balance at beginning of period		-			-
Balance at end of period		-			-
Unrealized losses on derivatives classified as cash flow hedges:
Balance at beginning of period		(192	)		(90	)
Other comprehensive loss for period:
Net losses arising during period, net of tax of $(29) million and $(25) million, respectively		(39	)		(15	)
Reclassification adjustment for losses realized in net income, net of tax of $2 million and $1 million, respectively		2			1
Total other comprehensive (loss) for period		(37	)		(14	)
Balance at end of period		(229	)		(104	)
Pension and postretirement benefit liability:
Balance at beginning of period		(11	)		(8	)
Other comprehensive income (loss) for period:
Change in unfunded pension postretirement liability, net of tax of less than $1 million in 2012 and 2011		-			1
Amortization of prior service cost and transition obligation included in net income, net of tax of less than $1 million in 2012 and 2011		-			-
Total other comprehensive income for period		-			1
Balance at end of period		(11	)		(7	)
Total accumulated other comprehensive income at end of period	$	764		$	128

Six Months Ended June 30,	2012			2011
	(in millions)
Unrealized gains on securities available-for-sale, not other-than temporarily impaired:
Balance at beginning of period	$	883		$	97
Other comprehensive income for period:
Net unrealized holding gains arising during period, net of tax of $127 million and $132 million, respectively		177			175
Reclassification adjustment for gains realized in net income, net of tax of $(39) million and $(23) million, respectively		(56	)		(33	)
Total other comprehensive income for period		121			142
Balance at end of period		1,004			239
Unrealized gains (losses) on other-than-temporarily impaired debt securities available-for-sale:
Balance at beginning of period		-			(1	)
Other comprehensive income for period:
Reclassification adjustment for losses realized in net income, net of tax of less than $1 million		-			1
Total other comprehensive income (loss) for period		-			1
Balance at end of period		-			-
Unrealized gains (losses) on other-than-temporarily impaired debt securities held-to-maturity:
Balance at beginning of period		-			(153	)
Other comprehensive income for period:
Net unrealized other-than-temporary impairment arising during period		-			11
Adjustment to reverse other-than-temporary impairment due to deconsolidation of VIE		-			142
Total other comprehensive income for period		-			153
Balance at end of period		-			-
Unrealized losses on derivatives classified as cash flow hedges:
Balance at beginning of period		(229	)		(87	)
Other comprehensive loss for period:
Net losses arising during period, net of tax of $(5) million and $(28) million, respectively		(5	)		(20	)
Reclassification adjustment for losses realized in net income, net of tax of $3 million and $2 million, respectively		5			3
Total other comprehensive income (loss) for period		-			(17	)
Balance at end of period		(229	)		(104	)
Pension and postretirement benefit liability:
Balance at beginning of period		(12	)		(9	)
Other comprehensive income for period:
Change in unfunded pension postretirement liability, net of tax of less than $1 million in 2012 and 2011		1			2
Amortization of prior service cost and transition obligation included in net income, net of tax of less than $1 million in 2012 and 2011		-			-
Total other comprehensive income for period		1			2
Balance at end of period		(11	)		(7	)
Total accumulated other comprehensive income at end of period	$	764		$	128