Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2011

Other Comprehensive Income [Abstract]

Components of other comprehensive income

The components of other comprehensive income forthe three-month and nine-month periods ended September 30, 2011 and 2010, were as follows

		Three Months Ended
		September 30, 2011
		Tax (Expense)
(dollar amounts in thousands)		Pretax		Benefit		After-tax
Noncredit-related impairment recoveries (losses) on debt securities not expected to be sold	$	(4,362)	$	1,527	$	(2,835)
Unrealized holding gains (losses) on available-for-sale debt securities arising during the period		42,832		(15,180)		27,652
Less: Reclassification adjustment for net losses (gains) included in net income		1,350		(473)		877
Net change in unrealized holding gains (losses) on available-for-sale debt securities		39,820		(14,126)		25,694
Net change in unrealized holding gains (losses) on available-for-sale equity securities		(197)		69		(128)
Unrealized gains (losses) on derivatives used in cash flow hedging relationships arising during the period		21,494		(7,523)		13,971
Change in pension and post-retirement benefit plan assets and liabilities		4,003		(1,401)		2,602
Total other comprehensive income	$	65,120	$	(22,981)	$	42,139
		Three Months Ended
		September 30, 2010
		Tax (Expense)
(dollar amounts in thousands)		Pretax		Benefit		After-tax
Noncredit-related impairment recoveries (losses) on debt securities not expected to be sold	$	30,492	$	(10,672)	$	19,820
Unrealized holding gains (losses) on available-for-sale debt securities arising during the period		28,767		(10,276)		18,491
Less: Reclassification adjustment for net losses (gains) included in net income		296		(104)		192
Net change in unrealized holding gains (losses) on available-for-sale debt securities		59,555		(21,052)		38,503
Net change in unrealized holding gains (losses) on available-for-sale equity securities		(53)		19		(34)
Unrealized gains (losses) on derivatives used in cash flow hedging relationships arising during the period		25,180		(8,813)		16,367
Change in pension and post-retirement benefit plan assets and liabilities		1,794		(628)		1,166
Total other comprehensive income	$	86,476	$	(30,474)	$	56,002
		Nine Months Ended
		September 30, 2011
		Tax (expense)
(dollar amounts in thousands)		Pretax		Benefit		After-tax
Non credit related impairment recoveries (losses) on debt securities not expected to be sold	$	11,079	$	(3,878)	$	7,201
Unrealized holding gains (losses) on available-for-sale debt securities arising during the period		132,575		(46,446)		86,129
Less: Reclassification adjustment for net losses (gains) included in net income		(197)		69		(128)
Net change in unrealized holding gains (losses) on available-for-sale debt securities		143,457		(50,255)		93,202
Net change in unrealized holding gains (losses) on available-for-sale equity securities		(145)		50		(95)
Unrealized gains (losses) on derivatives used in cash flow hedging relationships arising during the period		24,897		(8,714)		16,183
Change in pension and post-retirement benefit plan assets and liabilities		12,003		(4,201)		7,802
Total other comprehensive income	$	180,212	$	(63,120)	$	117,092
		Nine Months Ended
		September 30, 2010
		Tax (expense)
(dollar amounts in thousands)		Pretax		Benefit		After-tax
Cumulative effect of change in accounting principle for consolidation of variable interest entities	$	(6,365)	$	2,116	$	(4,249)
Non credit related impairment recoveries (losses) on debt securities not expected to be sold		36,570		(12,799)		23,771
Unrealized holding gains (losses) on available-for-sale debt securities arising during the period		137,051		(48,578)		88,473
Less: Reclassification adjustment for net losses (gains) included in net income		171		(60)		111
Net change in unrealized holding gains (losses) on available-for-sale debt securities		173,792		(61,437)		112,355
Net change in unrealized holding gains (losses) on available-for-sale equity securities		(241)		85		(156)
Unrealized gains (losses) on derivatives used in cash flow hedging relationships arising during the period		26,371		(9,230)		17,141
Change in pension and post-retirement benefit plan assets and liabilities		5,382		(1,884)		3,498
Total other comprehensive income	$	198,939	$	(70,350)	$	128,589

Activity in accumulated other comprehensive income, net of tax

Activity in accumulated other comprehensive income, net of tax, for the nine-month periods ended September 30, 2011 and 2010, were as follows:

(dollar amounts in thousands)		Unrealized gains and (losses) on debt securities (1)		Unrealized gains and (losses) on equity securities		Unrealized gains and (losses) on cash flow hedging derivatives		Unrealized gains (losses) for pension and other post-retirement obligations		Total
Balance, December 31, 2009	$	(103,060)	$	(322)	$	58,865	$	(112,468)	$	(156,985)
Cumulative effect of change in accounting principle for consolidation of variable interest entities		(4,249)		---		---		---		(4,249)
Period change		112,355		(156)		17,141		3,498		132,838
Balance, September 30, 2010	$	5,046	$	(478)	$	76,006	$	(108,970)	$	(28,396)
Balance, December 31, 2010	$	(101,290)	$	(427)	$	35,710	$	(131,489)	$	(197,496)
Period change		93,202		(95)		16,183		7,802		117,092
Balance, September 30, 2011	$	(8,088)	$	(522)	$	51,893	$	(123,687)	$	(80,404)
(1) Amount at September 30, 2011 includes $0.4 million of net unrealized gains on securities transferred from the available-for-sale securities portfolio to the held-to-maturity securities portfolio. The net unrealized gains will be recognized in earnings over the remaining life of the security using the effective interest method.