Derivative financial instruments (Tables)

12 Months Ended

Dec. 31, 2012

Information About Interest Rate Swap Agreements

Information about interest rate swap agreements entered into for interest rate risk management purposes summarized by type of financial instrument the swap agreements were intended to hedge follows:

	Notional Amount		Average Maturity		Weighted-Average Rate						Estimated Fair Value Gain
					Fixed			Variable
	(In thousands)		(In years)								(In thousands)
December 31, 2012
Fair value hedges:
Fixed rate long-term borrowings(a)	$	900,000		4.4		6.07	%		1.85	%	$	143,179
December 31, 2011
Fair value hedges:
Fixed rate long-term borrowings(a)	$	900,000		5.4		6.07	%		2.07	%	$	147,302

(a) Under the terms of these agreements, the Company receives settlement amounts at a fixed rate and pays at a variable rate.

Information About Fair Values of Derivative Instruments in Consolidated Balance Sheet

Information about the fair values of derivative instruments in the Company’s consolidated balance sheet and consolidated statement of income follows:

	Asset Derivatives Fair Value December 31				Liability Derivatives Fair Value December 31
	2012		2011		2012		2011
	(In thousands)
Derivatives designated and qualifying as hedging instruments
Fair value hedges:
Interest rate swap agreements(a)	$	143,179	$	147,302	$	—	$	—
Commitments to sell real estate loans(a)		1,114		232		3,825		2,287
		144,293		147,534		3,825		2,287
Derivatives not designated and qualifying as hedging instruments
Mortgage-related commitments to originate real estate loans for sale(a)		48,056		7,991		197		1,068
Commitments to sell real estate loans(a)		1,982		1,328		6,570		2,771
Trading:
Interest rate contracts(b)		399,963		443,033		365,616		415,836
Foreign exchange and other option and futures contracts(b)		8,725		19,115		8,658		18,723
		458,726		471,467		381,041		438,398
Total derivatives	$	603,019	$	619,001	$	384,866	$	440,685

(a) Asset derivatives are reported in other assets and liability derivatives are reported in other liabilities.

(b) Asset derivatives are reported in trading account assets and liability derivatives are reported in other liabilities.

Information About Fair Values of Derivative Instruments in Consolidated Statement of Income

	Amount of Unrealized Gain (Loss) Recognized
	Year Ended December 31, 2012					Year Ended December 31, 2011						Year Ended December 31, 2010
	Derivative			Hedged Item		Derivative			Hedged Item			Derivative			Hedged Item
	(In thousands)
Derivatives in fair value hedging relationships
Interest rate swap agreements:
Fixed rate time deposits(a)	$	—		$	—	$	—		$	—		$	(503	)	$	503
Fixed rate long-term borrowings(a)		(4,123	)		3,724		50,665			(47,916	)		41,628			(39,802	)
Total	$	(4,123	)	$	3,724	$	50,665		$	(47,916	)	$	41,125		$	(39,299	)
Derivatives not designated as hedging instruments
Trading:
Interest rate contracts(b)	$	8,004				$	6,130					$	3,760
Foreign exchange and other option and futures contracts(b)		(3,970	)				(2,649	)					(307	)
Total	$	4,034				$	3,481					$	3,453

(a) Reported as other revenues from operations.

(b) Reported as trading account and foreign exchange gains.