Equity (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The following table displays our accumulated other comprehensive income (“AOCI”) by major categories as of March 31, 2014 and December 31, 2013.



		As of
	March 31,				December 31,
	2014				2013
	(Dollars in millions)
Net unrealized gains on AFS securities for which we have not recorded OTTI, net of tax		$	481			$	365
Net unrealized gains on AFS securities for which we have recorded OTTI, net of tax		1,518				1,262
Prior service cost and actuarial losses, net of amortization, net of tax		(395		)		(395		)
Other losses		(29		)		(29		)
Accumulated other comprehensive income		$	1,575			$	1,203

The table below displays changes in accumulated other comprehensive income, net of tax, for the three months ended March 31, 2014 and 2013.



	For the Three Months Ended March 31,
	2014									2013
	Available-for-Sale Securities⁽¹⁾			Other⁽²⁾			Total			Available-for-Sale Securities⁽¹⁾				Other⁽²⁾				Total
	(Dollars in millions)
Beginning balance		$	1,627	$	(424	)		$	1,203		$	934			$	(550	)		$	384
OCI before reclassifications		340		—				340			649				—				649
Amounts reclassified from OCI		32		—				32			(1		)		6				5
Net other comprehensive income		372		—				372			648				6				654
Ending balance		$	1,999	$	(424	)		$	1,575		$	1,582			$	(544	)		$	1,038

__________


⁽¹⁾	The amounts reclassified from AOCI represent the gain or loss recognized in earnings due to a sale of an available-for-sale security or the recognition of a net impairment recognized in earnings, which are recorded in “Investments gains, net” and “Net other-than-temporary impairments,” respectively, in our condensed consolidated statements of operations.


⁽²⁾	Primarily represents activity from our defined benefit pension plans, which is recorded in “Salaries and employee benefits” in our condensed consolidated statements of operations.

Schedule of Other Comprehensive Income (Loss) [Table Text Block]

The following table displays the activity in other comprehensive income (“OCI”), net of tax, by major categories for the three months ended March 31, 2014 and 2013.



	For the Three Months Ended March 31,
	2014			2013
	(Dollars in millions)
Net income	$	5,325		$	58,685
Other comprehensive income, net of tax effect:
Changes in net unrealized gains on AFS securities (net of tax of $184 and $349, respectively)	340			649
Reclassification adjustment for OTTI recognized in net income (net of tax of $18 and $3, respectively)	33			5
Reclassification adjustment for gains on AFS securities included in net income (net of tax of $- and $3)	(1		)	(6		)
Other	—			6
Total other comprehensive income	372			654
Total comprehensive income	$	5,697		$	59,339