Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2011

Accumulated Other Comprehensive Income (Loss)

Balances in Accumulated Other Comprehensive Income (Loss)

	June 30, 2011									December 31, 2010
	Pre-Tax Amount			Deferred Tax Expense (Benefit)			After- Tax Amount			Pre-Tax Amount			Deferred Tax Expense (Benefit)			After- Tax Amount
	(Dollars in millions)
Unrecognized net pension and postretirement costs	$	(572	)	$	(213	)	$	(359	)	$	(587	)	$	(219	)	$	(368	)
Unrealized net gains (losses) on cash flow hedges		(142	)		(53	)		(89	)		(75	)		(28	)		(47	)
Unrealized net gains (losses) on securities available for sale		195			73			122			(250	)		(93	)		(157	)
Unrealized net gains (losses) on securities held to maturity (1)		(34	)		(13	)		(21	)		—			—			—
FDIC's share of unrealized (gains) losses on securities available for sale under the loss share agreements (2)		(365	)		(136	)		(229	)		(281	)		(105	)		(176	)
Foreign currency translation adjustment		(6	)		(8	)		2			(6	)		(7	)		1
Total	$	(924	)	$	(350	)	$	(574	)	$	(1,199	)	$	(452	)	$	(747	)

(1) Represents unrealized losses on certain available for sale securities that were transferred to held to maturity classification. These losses are being amortized and recognized in net income over the remaining expected life of the underlying securities.

(2) Certain securities available for sale are covered by loss sharing agreements with the FDIC. The securities covered by the loss share agreements reflected a net unrealized pre-tax gain of $395 million and $305 million as of June 30, 2011 and December 31, 2010, respectively. The FDIC's share of this net unrealized pre-tax gain, upon sale, would have been $365 million and $281 million as of June 30, 2011 and December 31, 2010, respectively, and was recorded as a reduction in other comprehensive income.

Components of Total Comprehensive Income

	Three Months Ended June 30, 2011
	Pre-Tax			Tax Effect			After-Tax
	(Dollars in millions)
Comprehensive income:
Net income	$	418		$	91		$	327
Other comprehensive income:
Unrealized net holding gains (losses) arising during the period on securities available for sale		277			103			174
Reclassification adjustment for (gains) losses on securities available for sale included in net income		2			1			1
Net change in amounts attributable to the FDIC under the loss share agreements		7			3			4
Net change in unrecognized gains (losses) on cash flow hedges		(82	)		(31	)		(51	)
Net change in foreign currency translation adjustment		—			—			—
Net change in pension and postretirement liability		7			3			4
Total comprehensive income	$	629		$	170		$	459

	Three Months Ended June 30, 2010
	Pre-Tax			Tax Effect			After-Tax
	(Dollars in millions)
Comprehensive income:
Net income	$	249		$	25		$	224
Other comprehensive income:
Unrealized net holding gains (losses) arising during the period on securities available for sale		551			209			342
Reclassification adjustment for (gains) losses on securities available for sale included in net income		(219	)		(83	)		(136	)
Net change in amounts attributable to the FDIC under the loss share agreements		(82	)		(31	)		(51	)
Net change in unrecognized gains (losses) on cash flow hedges		(145	)		(55	)		(90	)
Net change in foreign currency translation adjustment		(1	)		1			(2	)
Net change in pension and postretirement liability		(13	)		(5	)		(8	)
Total comprehensive income	$	340		$	61		$	279

	Six Months Ended June 30, 2011
	Pre-Tax			Tax Effect			After-Tax
	(Dollars in millions)
Comprehensive income:
Net income	$	705		$	144		$	561
Other comprehensive income:
Unrealized net holding gains (losses) arising during the period on securities available for sale		409			152			257
Reclassification adjustment for (gains) losses on securities available for sale included in net income		2			1			1
Net change in amounts attributable to the FDIC under the loss share agreements		(84	)		(31	)		(53	)
Net change in unrecognized gains (losses) on cash flow hedges		(67	)		(25	)		(42	)
Net change in foreign currency translation adjustment		—			(1	)		1
Net change in pension and postretirement liability		15			6			9
Total comprehensive income	$	980		$	246		$	734

	Six Months Ended June 30, 2010
	Pre-Tax			Tax Effect			After-Tax
	(Dollars in millions)
Comprehensive income:
Net income	$	491		$	73		$	418
Other comprehensive income:
Unrealized net holding gains (losses) arising during the period on securities available for sale		855			325			530
Reclassification adjustment for (gains) losses on securities available for sale included in net income		(216	)		(82	)		(134	)
Net change in amounts attributable to the FDIC under the loss share agreements		(126	)		(48	)		(78	)
Net change in unrecognized gains (losses) on cash flow hedges		(215	)		(82	)		(133	)
Net change in foreign currency translation adjustment		(1	)		—			(1	)
Net change in pension and postretirement liability		(7	)		(3	)		(4	)
Total comprehensive income	$	781		$	183		$	598