A rollforward of the components of accumulated other comprehensive income (loss) is includes as follows (in thousands):

	Unrealized			Non-Credit			Accumulated			Unrealized
	Gain (Loss)			Related			(Loss) on			(Loss)
	On Available			Unrealized			Effective			On
	For Sale			Losses on			Cash Flow			Employee
	Securities			OTTI Securities1			Hedges			Benefit Plans			Total

Balance at December 31, 2009	$	59,772		$	(53,000	)	$	(1,039	)	$	(16,473	)	$	(10,740	)
Net change in unrealized gains (losses) on securities		195,882			12,006			–			–			207,888
Unrealized loss on newly identified other-than-temporary securities		20,667			(20,667	)		–			–			–
Credit losses recognized in earnings		–			6,871			–			–			6,871
Tax benefit (expense) on unrealized gains (losses)		(83,845	)		945			–			(145	)		(83,045	)
Reclassification adjustment for (gains) losses realized and included in net income		(12,545	)		–			136			–			(12,409	)
Reclassification adjustment for tax expense (benefit)on realized gains (losses)		4,886			–			(53	)		–			4,833
Unrealized gains on employee benefit plans		–			–			–			373			373
Balance at June 30, 2010	$	184,817		$	(53,845	)	$	(956	)	$	(16,245	)	$	113,771

Balance at December 31, 2010	$	157,770		$	(35,276	)	$	(878	)	$	(13,777	)	$	107,839
Net change in unrealized gains (losses) on securities		73,466			(9,448	)		–			–			64,018
Credit losses recognized in earnings		–			9,349			–			–			9,349
Transfer from Non-Credit Related Unrealized Losses on OTTI Securities to unrealized gain on available for sale securities		180			(180	)		–			–			–
Tax benefit (expense) on unrealized gains (losses)		(29,372	)		662			–			–			(28,710	)
Reclassification adjustment for (gains) losses realized and included in net income		(10,370	)		–			156			–			(10,214	)
Reclassification adjustment for tax expense (benefit) on realized gains (losses)		4,034			–			(61	)		–			3,973
Unrealized gains on employee benefit plans		–			–			–			–			–
Balance at June 30, 2011	$	195,708		$	(34,893	)	$	(783	)	$	(13,777	)	$	146,255

1 Represents changes in unrealized losses recognized in AOCI on available for sale securities for which an other-than-temporary impairment (“OTTI”) was recorded in earnings.