Other-Than-Temporary Impairment (Tables)

9 Months Ended

Sep. 30, 2012

Other Than Temporary Impairment [Abstract]

Schedule Of Projected Annualized Home Price Recovery Rates [Table Text Block]

Thereafter, home prices were projected to recover using one of five different recovery paths that vary by housing market.



Recovery Ranges of Housing Price Change
Months	Annualized Rates %
1 - 6	0.0%	-	2.8%
7 - 18	0.0%	-	3.0%
19 - 24	1.0%	-	4.0%
25 - 30	2.0%	-	4.0%
31 - 42	2.0%	-	5.0%
43 - 66	2.0%	-	6.0%
Thereafter	2.3%	-	5.6%

Schedule of Significant Inputs In Measuring Other Than Temporary Impairments Recognized In Earnings [Table Text Block]



	Significant Inputs for OTTI Residential MBS
	Prepayment Rates				Default Rates				Loss Severities				Current Credit Enhancement
Year of Securitization	Weighted Avg %	Range %			Weighted Avg %	Range %			Weighted Avg %	Range %			Weighted Avg %	Range %
Prime:
2006	9.8			9.8	19.8			19.8	36.2			36.2	5.5			5.5
Alt-A:
2006	11.0	8.8	-	13.1	29.4	20.2	-	39.3	46.3	43.6	-	49.2	1.7	0.0	-	3.3
Total Residential MBS - OTTI	10.8	8.8	-	13.1	27.2	19.8	-	39.3	44.0	36.2	-	49.2	2.6	0.0	-	5.5

Schedule of Other Than Temporarily Impaired Charges of Securities [Table Text Block]

The "Total OTTI securities" balances summarize the Bank’s securities as of September 30, 2012 for which an OTTI has been recognized during the third quarter 2012 and during the life of the security. The "Private label MBS with no OTTI" balances represent AFS securities on which an OTTI was not taken so that the sum of these two reflects the entire AFS private label MBS portfolio balance.



	OTTI Recognized During the Three Months Ended September 30, 2012						OTTI Recognized During the Life of the Security
(in thousands)	Unpaid Principal Balance		Amortized Cost⁽¹⁾		Fair Value		Unpaid Principal Balance		Amortized Cost⁽¹⁾		Fair Value
Private label residential MBS:
Prime	$	30,705	$	28,718	$	28,215	$	877,756	$	757,481	$	775,666
Alt-A	103,218		88,481		83,103		902,109		710,574		685,975
Subprime	—		—		—		2,446		1,375		1,389
HELOCs	—		—		—		21,592		15,344		14,575
Total OTTI securities	133,923		117,199		111,318		1,803,903		1,484,774		1,477,605

Private label MBS with no OTTI	1,674,036		1,371,631		1,369,921		4,056		4,056		3,634
Total AFS private label MBS	$	1,807,959	$	1,488,830	$	1,481,239	$	1,807,959	$	1,488,830	$	1,481,239

Notes:

⁽¹⁾Amortized cost includes adjustments made to the cost basis of an investment for accretion and/or amortization, collection of cash, and/or previous OTTI recognized in earnings.

Schedule of Credit and Non-credit Related Other Than Temporary Impairment [Table Text Block]

The tables below summarize the impact of OTTI credit and noncredit losses recorded on AFS investment securities for the three and nine months ended September 30, 2012 and 2011.



	Three months ended September 30, 2012							Nine months ended September 30, 2012
(in thousands)	OTTI Related to Credit Loss			OTTI Related to Noncredit Loss		Total OTTI Losses		OTTI Related to Credit Loss			OTTI Related to Noncredit Loss		Total OTTI Losses
Private label residential MBS:
Prime	$	(82	)	$	82	$	—	$	(8,566	)	$	6,375	$	(2,191	)
Alt-A	(104		)	104		—		(1,051		)	1,051		—
Subprime	—			—		—		(323		)	323		—
HELOCs	—			—		—		(1,084		)	1,084		—
Total OTTI on private label MBS	$	(186	)	$	186	$	—	$	(11,024	)	$	8,833	$	(2,191	)



	Three months ended September 30, 2011								Nine months ended September 30, 2011
(in thousands)	OTTI Related to Credit Loss			OTTI Related to Noncredit Loss		Total OTTI Losses			OTTI Related to Credit Loss			OTTI Related to Noncredit Loss		Total OTTI Losses
Private label residential MBS:
Prime	$	(1,805	)	$	1,701	$	(104	)	$	(12,000	)	$	8,777	$	(3,223	)
Alt-A	(4,218		)	4,218		—			(24,608		)	24,608		—
Subprime	—			—		—			(134		)	134		—
HELOCs	(150		)	150		—			(787		)	787		—
Total OTTI on private label MBS	$	(6,173	)	$	6,069	$	(104	)	$	(37,529	)	$	34,306	$	(3,223	)

Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block]

The following tables present the rollforward of the amounts related to OTTI credit losses recognized during the life of the security for which a portion of the OTTI charges was recognized in AOCI for the three and nine months ended September 30, 2012 and 2011.



	2012
(in thousands)	Three months ended September 30,			Nine months ended September 30,
Beginning balance	$	328,937		$	322,589
Additions:
Credit losses for which OTTI was not previously recognized	—			74
Additional OTTI credit losses for which an OTTI charge was previously recognized⁽¹⁾	186			10,950
Reductions:
Securities sold and matured during the period	265			265
Increases in cash flows expected to be collected, recognized over the remaining life of the securities⁽²⁾	(2,209		)	(6,699		)
Ending balance	$	327,179		$	327,179



	2011
(in thousands)	Three months ended September 30,			Nine months ended September 30,
Beginning balance	$	312,891		$	317,344
Additions:
Credit losses for which OTTI was not previously recognized	—			659
Additional OTTI credit losses for which an OTTI charge was previously recognized⁽¹⁾	6,173			36,870
Reductions:
Securities sold and matured during the period	—			(30,687		)
Increases in cash flows expected to be collected, recognized over the remaining life of the securities⁽²⁾	(2,110		)	(7,232		)
Ending balance	$	316,954		$	316,954

Notes:

⁽¹⁾For the three months ended September 30, 2012 and 2011, OTTI "previously recognized" represents securities that were impaired prior to July 1, 2012 and 2011. For the nine months ended September 30, 2012 and 2011, OTTI "previously recognized" represents securities that were impaired prior to January 1, 2012 and 2011.

⁽²⁾This activity represents the increase in cash flows recognized in interest income during the period

- Definition

Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income.

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