Income Taxes (Tables)

9 Months Ended

Sep. 30, 2014

Income Tax Disclosure [Abstract]

Reconciliation of Statutory Federal Income Tax Rate to Effective Income Tax Rate

The statutory federal income tax rate is reconciled to our effective income tax rate below:

Effective tax rate	Nine months ended
	Sept. 30, 2014		Sept. 30, 2013 (a)
Federal rate	35.0	%	35.0	%
State and local income taxes, net of federal income tax benefit	2.2		3.0
Tax-exempt income	(2.5	)	(2.8	)
Foreign operations	(1.9	)	(4.4	)
Tax credits	(0.8	)	(2.2	)
Tax litigation	—		19.4
Leverage lease adjustment	(1.0	)	(2.3	)
Other – net	(1.4	)	0.9
Effective tax rate	29.6	%	46.6	%

(a) Results for the first nine months of 2013 were restated to reflect the retrospective application of adopting new accounting guidance in the first quarter of 2014 related to our investments in qualified affordable housing projects (ASU 2014-01). See Note 2 of the Notes to Consolidated Financial Statements for additional information.