Comprehensive income (Tables)

6 Months Ended

Jun. 30, 2011

Comprehensive income (Tables) [Abstract]

Components of other comprehensive income (loss)

	Six months ended June 30, 2011
	Before-tax			Income
	amount			taxes			Net
				(in thousands)
Unrealized gains (losses) on investment securities:
Available-for-sale (“AFS”) investment securities with other-than-temporary impairment (“OTTI”):
Unrealized holding losses, net	$	(11,227	)		4,501			(6,726	)
Less: reclassification adjustment for gains realized in net income		3,814			(1,497	)		2,317
Less: OTTI charges recognized in net income		(32,071	)		12,587			(19,484	)
Net change for AFS investment securities with OTTI		17,030			(6,589	)		10,441
AFS investment securities — all other:
Unrealized holding gains, net		77,869			(30,368	)		47,501
Less: reclassification adjustment for gains realized in net income		146,115			(57,257	)		88,858
Net change for AFS investment securities — all other		(68,246	)		26,889			(41,357	)
Held-to-maturity (“HTM”) investment securities with OTTI:
Unrealized holding losses, net		(8,500	)		3,336			(5,164	)
Less: reclassification to income of unrealized holding losses		(12	)		5			(7	)
Less: OTTI charges recognized in net income		(10,500	)		4,121			(6,379	)
Net change for HTM investment securities with OTTI		2,012			(790	)		1,222
Reclassification to income of unrealized holding losses on investment securities previously transferred from AFS to HTM		2,967			(1,165	)		1,802
Net unrealized losses on investment securities		(46,237	)		18,345			(27,892	)
Reclassification to income for amortization of gains on terminated cash flow hedges		(224	)		83			(141	)
Foreign currency translation adjustment		313			(117	)		196
Defined benefit plans liability adjustment		7,058			(2,770	)		4,288
	$	(39,090	)		15,541			(23,549	)

	Six months ended June 30, 2010
	Before-tax			Income
	amount			taxes			Net
				(in thousands)
Unrealized gains (losses) on investment securities:
AFS investment securities with OTTI:
Unrealized holding losses, net	$	(50,566	)		19,603			(30,963	)
Less: OTTI charges recognized in net income		(49,182	)		19,017			(30,165	)
Net change for AFS investment securities with OTTI		(1,384	)		586			(798	)
AFS investment securities — all other:
Unrealized holding gains, net		221,196			(86,386	)		134,810
Less: reclassification adjustment for losses recognized in net income		(135	)		39			(96	)
Net change for AFS investment securities — all other		221,331			(86,425	)		134,906
Reclassification to income of unrealized holding losses on investment securities previously transferred from AFS to HTM		4,374			(1,716	)		2,658
Net unrealized gains on investment securities		224,321			(87,555	)		136,766
Reclassification to income for amortization of gains on terminated cash flow hedges		(224	)		83			(141	)
Defined benefit plans liability adjustment		3,580			(1,405	)		2,175
	$	227,677			(88,877	)		138,800

Accumulated other comprehensive income (loss), net consisted of unrealized gains (losses)

										Foreign
							Cash			currency		Defined
	Investment securities						flow			translation		benefit
	With OTTI			All other			hedges			adjustment		plans			Total
							(in thousands)
Balance — January 1, 2011	$	(87,053	)		2,332			393			—		(120,892	)		(205,220	)
Net gain (loss) during period		11,663			(39,555	)		(141	)		196		4,288			(23,549	)
Balance — June 30, 2011	$	(75,390	)		(37,223	)		252			196		(116,604	)		(228,769	)
Balance — January 1, 2010	$	(76,772	)		(142,853	)		674			—		(117,046	)		(335,997	)
Net gain (loss) during period		(798	)		137,564			(141	)		—		2,175			138,800
Balance — June 30, 2010	$	(77,570	)		(5,289	)		533			—		(114,871	)		(197,197	)