Income taxes (Tables)

3 Months Ended

Mar. 31, 2012

Schedule Of Deferred Tax Assets And Liabilities Table Text Block

(In thousands)			March 31, 2012		December 31, 2011
Deferred tax assets:
Tax credits available for carryforward		$	3,139	$	3,459
Net operating loss and other carryforward available			1,186,297		1,174,488
Postretirement and pension benefits			103,118		104,663
Deferred loan origination fees			7,035		6,788
Allowance for loan losses			595,494		605,105
Deferred gains			11,454		11,763
Accelerated depreciation			5,627		5,527
Intercompany deferred gains			4,054		4,344
Other temporary differences			28,470		27,341
	Total gross deferred tax assets		1,944,688		1,943,478
Deferred tax liabilities:
Differences between the assigned values and the tax bases of assets and liabilities
	recognized in purchase business combinations		33,524		32,293
Difference in outside basis between financial and tax reporting on sale of a business			20,721		20,721
FDIC-assisted transaction			145,628		142,000
Unrealized net gain on trading and available-for-sale securities			72,223		73,991
Deferred loan origination costs			4,224		4,277
Other temporary differences			8,262		6,187
	Total gross deferred tax liabilities		284,582		279,469
Valuation allowance			1,260,099		1,259,358
Net deferred tax asset		$	400,007	$	404,651

Summary Of Income Tax Contingencies Text Block

(In millions)		2012		2011
Balance at January 1	$	19.5	$	26.3
Additions for tax positions -January through March		0.7		2.2
Reduction as a result of settlements - January through March		-		(4.4)
Balance at March 31	$	20.2	$	24.1

PUERTO RICO

Schedule Of Effective Income Tax Rate Reconciliation Table Text Block

		Quarters ended
		March 31, 2012				March 31, 2011
(In thousands)		Amount	% of pre-tax income			Amount	% of pre-tax income
Computed income tax at statutory rates	$	19,380	30	%	$	47,207	30	%
Net benefit of net tax exempt interest income		(7,014)	(11)			(2,407)	(2)
Effect of income subject to preferential tax rate		(971)	(2)			(232)	-
Deferred tax asset valuation allowance		1,167	2			(5,305)	(3)
Non-deductible expenses		5,639	9			5,326	3
Difference in tax rates due to multiple jurisdictions		(3,207)	(5)			(2,464)	(2)
Initial adjustment in deferred tax due to change in tax rate		-	-			103,287	66
State taxes and others		1,198	2			1,815	1
Income tax expense	$	16,192	25	%	$	147,227	93	%