DERIVATIVE FINANCIAL INSTRUMENTS AND BALANCE SHEET OFFSETTING (Tables)

3 Months Ended

Mar. 31, 2014

DERIVATIVE FINANCIAL INSTRUMENTS AND BALANCE SHEET OFFSETTING

	Fair Values of Derivative Instruments
	March 31, 2014						December 31, 2013
	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	$	135,000	$	—	$	14,202	$	135,000	$	—	$	16,906
Total derivatives designated as hedging instruments	$	135,000	$	—	$	14,202	$	135,000	$	—	$	16,906
Derivatives not designated as hedging instruments:
Foreign exchange options	$	85,614	$	5,915	$	3,398	$	85,614	$	6,290	$	3,655
Interest rate swaps	2,024,211		26,293		25,503		1,915,474		28,078		26,352
Foreign exchange contracts	486,669		4,378		3,675		440,848		6,181		3,349
Total derivatives not designated as hedging instruments	$	2,596,494	$	36,586	$	32,576	$	2,441,936	$	40,549	$	33,356

(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

	Location in	Three Months Ended
	Condensed Consolidated	March 31,
	Statements of Income	2014			2013
		(In thousands)
Derivatives designated as hedging instruments
Interest rate swaps on certificates of deposit—fair value	Interest expense	$	2,704		$	(905	)
	Total net income (expense)	$	2,704		$	(905	)
Derivatives not designated as hedging instruments
Foreign exchange options	Noninterest income	(119		)	140
Foreign exchange options	Noninterest expense	1			8
Interest rate swaps	Noninterest income	(936		)	216
Foreign exchange contracts	Noninterest income	(2,129		)	(43		)
	Total net (expense) income	$	(3,183	)	$	321

Schedule of gross derivatives, resale agreements, repurchase agreements and the respective collateral received or pledged in the form of other financial instruments, which are generally marketable securities

	As of March 31, 2014
	(In thousands)
			Gross Amounts Offset in the Condensed		Net Amounts of Assets		Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
Assets	Gross Amounts of Recognized Assets		Consolidated Balance Sheets		Presented in the Condensed Consolidated Balance Sheets		Financial Instruments			Collateral Received			Net Amount
Derivatives	$	10,370	$	—	$	10,370	$	(8,203	)	$	(2,167	)	$	—
Resale Agreements	$	1,200,000	$	—	$	1,200,000	$	(400,000	)	$	(800,000	)	$	—

	Gross Amounts of		Gross Amounts Offset in the Condensed		Net Amounts of Liabilities		Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
Liabilities	Recognized Liabilities		Consolidated Balance Sheets		Presented in the Condensed Consolidated Balance Sheets		Financial Instruments			Collateral Posted			Net Amount
Derivatives	$	35,574	$	—	$	35,574	$	(8,203	)	$	(27,371	)	$	—
Repurchase Agreements	$	1,005,000	$	—	$	1,005,000	$	(400,000	)	$	(605,000	)	$	—

	As of December 31, 2013
	(In thousands)
			Gross Amounts Offset in the Condensed		Net Amounts of Assets		Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
Assets	Gross Amounts of Recognized Assets		Consolidated Balance Sheets		Presented in the Condensed Consolidated Balance Sheets		Financial Instruments			Collateral Received			Net Amount
Derivatives	$	16,043	$	—	$	16,043	$	(11,363	)	$	(4,680	)	$	—
Resale Agreements	$	1,400,000	$	—	$	1,400,000	$	(495,000	)	$	(905,000	)	$	—

	Gross Amounts of		Gross Amounts Offset in the Condensed		Net Amounts of Liabilities		Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
Liabilities	Recognized Liabilities		Consolidated Balance Sheets		Presented in the Condensed Consolidated Balance Sheets		Financial Instruments			Collateral Posted			Net Amount
Derivatives	$	33,849	$	—	$	33,849	$	(11,363	)	$	(22,486	)	$	—
Repurchase Agreements	$	995,000	$	—	$	995,000	$	(495,000	)	$	(500,000	)	$	—