Derivative Instruments And Hedging Activities Amount of Derivative Gain/Loss Recognized/Reclassified (Tables)

9 Months Ended

Sep. 30, 2012

Summary of Derivative Instruments [Abstract]



	September 30, 2012						December 31, 2011
	Notional amount		Fair value				Notional amount		Fair value
(In thousands)	Notional amount		Other assets		Other liabilities		Notional amount		Other assets		Other liabilities
Derivatives designated as hedging instruments
Asset derivatives
Cash flow hedges ¹:
Interest rate swaps	$	150,000	$	2,447	$	—	$	335,000	$	7,341	$	—
Total derivatives designated as hedging instruments	150,000		2,447		—		335,000		7,341		—
Derivatives not designated as hedging instruments
Interest rate swaps	98,524		1,260		1,267		145,388		1,952		1,977
Interest rate swaps for customers ²	2,467,198		84,938		90,074		2,638,601		82,648		87,363
Basis swaps	—		—		—		85,000		3		11
Options contracts	—		—		—		1,700,000		11		—
Total return swap	1,159,686		—		5,048		1,159,686		—		5,422
Total derivatives not designated as hedging instruments	3,725,408		86,198		96,389		5,728,675		84,614		94,773
Total derivatives	$	3,875,408	$	88,645	$	96,389	$	6,063,675	$	91,955	$	94,773

Schedule Of Gain (Loss) Of Derivative Instruments



	Three Months Ended September 30, 2012									Nine Months Ended September 30, 2012
	Amount of derivative gain (loss) recognized/reclassified
(In thousands)	OCI		Reclassified from AOCI to interest income		Noninterest income (expense)			Offset to interest expense		OCI		Reclassified from AOCI to interest income			Noninterest income (expense)			Offset to interest expense
Derivatives designated as hedging instruments
Asset derivatives
Cash flow hedges ¹:
Interest rate swaps	$	84	$	2,378	$	—				$	390	$	10,871		$	—
	84		2,378		—					390		10,871		³	—
Liability derivatives
Fair value hedges:
Terminated swaps on long-term debt								$	771									$	2,277
Total derivatives designated as hedging instruments	84		2,378		—			771		390		10,871			—			2,277
Derivatives not designated as hedging instruments
Interest rate swaps					(174		)								(302		)
Interest rate swaps for customers ²					1,331										1,917
Basis swaps					—										18
Futures contracts					(2		)								(12		)
Total return swap					(5,403		)								(16,303		)
Total derivatives not designated as hedging instruments					(4,248		)								(14,682		)
Total derivatives	$	84	$	2,378	$	(4,248	)	$	771	$	390	$	10,871		$	(14,682	)	$	2,277



	Three Months Ended September 30, 2011									Nine Months Ended September 30, 2011
	Amount of derivative gain (loss) recognized/reclassified
(In thousands)	OCI		Reclassified from AOCI to interest income		Noninterest income (expense)			Offset to interest expense		OCI		Reclassified from AOCI to interest income			Noninterest income (expense)			Offset to interest expense
Derivatives designated as hedging instruments
Asset derivatives
Cash flow hedges ¹:
Interest rate swaps	$	585	$	7,471	$	—				$	2,077	$	28,890		$	—
Interest rate floors	38		264		—					221		1,950			—
	623		7,735		—					2,298		30,840		³	—
Liability derivatives
Fair value hedges:
Terminated swaps on long-term debt								$	747									$	2,198
Total derivatives designated as hedging instruments	623		7,735		—			747		2,298		30,840			—			2,198
Derivatives not designated as hedging instruments
Interest rate swaps					181										105
Interest rate swaps for customers ²					(514		)								813
Energy commodity swaps for customers ²					—										56
Basis swaps					4										153
Futures contracts					2,030										6,808
Options contracts					(519		)								(17		)
Total return swap					(5,337		)								(5,337		)
Total derivatives not designated as hedging instruments					(4,155		)								2,581
Total derivatives	$	623	$	7,735	$	(4,155	)	$	747	$	2,298	$	30,840		$	2,581		$	2,198

Note: These tables are not intended to present at any given time the Company’s long/short position with respect to its derivative contracts.

¹Amounts recognized in OCI and reclassified from accumulated OCI (“AOCI”) represent the effective portion of the derivative gain (loss).

²Amounts include both the customer swaps and the offsetting derivative contracts.

³Amounts for the nine months ended September 30, 2012 and 2011 of $10.9 million and $30.8 million, respectively, are the amounts of reclassification to earnings presented in the tabular changes of AOCI in Note 7.

- 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.

+ References+ Details