DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2012

	Fair Values of Derivative Instruments
	December 31, 2012						December 31, 2011
	Notional		Derivative		Derivative		Notional		Derivative		Derivative
	Amount		Assets (1)		Liabilities (1)		Amount		Assets (1)		Liabilities (1)
	(In thousands)
Derivatives designated as hedging instruments:
Interest rate swaps on certificates of deposit—fair value	$	50,000	$	—	$	1,521	$	200,000	$	998	$	639
Total derivatives designated as hedging instruments	$	50,000	$	—	$	1,521	$	200,000	$	998	$	639

Derivatives not designated as hedging instruments:
Equity swap agreements	$	—	$	—	$	—	$	22,709	$	202	$	204
Foreign exchange options	85,614		5,011		3,052		85,614		3,899		2,430
Interest rate swaps	1,190,793		36,943		36,799		485,196		19,476		19,924
Short-term foreign exchange contracts	112,459		896		688		210,295		1,403		967
Total derivatives not designated as hedging instruments	$	1,388,866	$	42,850	$	40,539	$	803,814	$	24,980	$	23,525

(1)

Derivative assets, which are a component of other assets, include the estimated settlement of the derivative asset position. Derivative liabilities, which are a component of other liabilities and deposits, include the estimated settlement of the derivative liability position.

Gains (losses) on derivative instruments

		Year Ended
		December 31,
	Location in Consolidated
	Statements of Operations	2012		2011		2010
		(In thousands)
Derivatives designated as hedging instruments
Interest rate swaps on certificates of deposit—fair value	Interest expense	$	(1,076)	$	2,930	$	—
	Total net (expense) income	$	(1,076)	$	2,930	$	—

Derivatives not designated as hedging instruments
Equity swap agreements	Noninterest expense	$	2	$	2	$	(138	)
Foreign exchange options	Noninterest income	389		(392)		—
Foreign exchange options	Noninterest expense	101		16		—
Interest rate swaps	Noninterest income	592		(447)		—
Short-term foreign exchange contracts	Noninterest income	(228)		251		180
	Total net income (expense)	$	856	$	(570)	$	42

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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