SunTrust 2009 Annual Report Download - page 171

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SUNTRUST BANKS, INC.
Notes to Consolidated Financial Statements (Continued)
Note 23 - Accumulated Other Comprehensive Income
(Dollars in thousands)
Pre-tax
Amount
Income Tax
(Expense)
Benefit
After-tax
Amount
Accumulated Other Comprehensive Income
Accumulated other comprehensive income, January 1, 2007 $1,398,409 ($472,460) $925,949
Unrealized net gain on securities 666,387 (253,227) 413,160
Unrealized net gain on derivatives 240,816 (91,510) 149,306
Change related to employee benefit plans 113,550 (43,149) 70,401
Adoption of fair value election 231,211 (83,837) 147,374
Pension plan changes and resulting remeasurement 128,560 (48,853) 79,707
Reclassification adjustment for realized gains and losses on securities (272,861) 103,687 (169,174)
Reclassification adjustment for realized gains and losses on derivatives (15,442) 5,868 (9,574)
Accumulated other comprehensive income, December 31, 2007 2,490,630 (883,481) 1,607,149
Unrealized net gain on securities (238,013) 186,343 (51,670)
Unrealized net gain on derivatives 1,337,260 (535,772) 801,488
Change related to employee benefit plans (812,782) 304,857 (507,925)
Reclassification adjustment for realized gains and losses on securities (1,073,300) 318,384 (754,916)
Reclassification adjustment for realized gains and losses on derivatives (180,689) 67,688 (113,001)
Accumulated other comprehensive income, December 31, 2008 1,523,106 (541,981) 981,125
Unrealized net gain on securities 528,976 (187,482) 341,494
Unrealized net gain on derivatives (189,690) 58,309 (131,381)
Change related to employee benefit plans 394,085 (142,873) 251,212
Adoption of OTTI guidance (12,339) 4,624 (7,715)
Reclassification adjustment for realized gains and losses on securities (98,019) 36,861 (61,158)
Reclassification adjustment for realized gains and losses on derivatives (485,593) 182,179 (303,414)
Accumulated other comprehensive income, December 31, 2009 $1,660,526 ($590,363) $1,070,163
The components of AOCI at December 31 were as follows:
(Dollars in thousands) 2009 2008 2007
Unrealized net gain on available for sale securities $1,159,982 $887,361 $1,693,947
Unrealized net gain on derivative financial instruments 412,320 847,115 158,628
Employee benefit plans (502,139) (753,351) (245,426)
Total accumulated other comprehensive income $1,070,163 $981,125 $1,607,149
Note 24 - Other Noninterest Expense
Other noninterest expense in the Consolidated Statements of Income/(Loss) includes:
Twelve Months Ended
December 31
(Dollars in thousands) 2009 2008 2007
Postage and delivery $83,870 $90,055 $93,182
Communications 67,385 69,417 79,028
Consulting and legal 57,518 58,639 101,223
Other staff expense 50,845 70,313 132,496
Operating supplies 41,000 44,257 48,745
Other expense 329,473 328,110 364,086
Total other noninterest expense $630,091 $660,791 $818,760
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