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Debt And Shareholders' Equity
 3 Months Ended
Mar. 31, 2014
Capitalization, Long-term Debt and Equity [Abstract]  
Debt And Shareholders' Equity
DEBT AND SHAREHOLDERS’ EQUITY
Debt Redemptions
During the three months ended March 31, 2014 under our senior medium-term note program, we redeemed $125 million of long-term notes. At March 31, 2014, the outstanding notes in this program amounted to $210.8 million, with interest rates from 2.55% to 5.50% and maturities through November 2019.

Accumulated Other Comprehensive Income
Changes in AOCI by component are as follows:
(In thousands)

 
Net unrealized gains (losses) on investment securities
 
Net unrealized gains (losses) on derivative instruments
 
Pension and post-retirement
 
Total
Three Months Ended March 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2013
 
 
$
(167,032
)
 
 
 
$
(217
)
 
 
$
(24,852
)
 
$
(192,101
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive income before reclassifications, net of tax
 
 
71,066

 
 
 
320

 
 
—

 
71,386

Amounts reclassified from AOCI, net of tax
 
 
(24,537
)
 
 
 
(210
)
 
 
—

 
(24,747
)
Other comprehensive income
 
 
46,529

 
 
 
110

 
 
—

 
46,639

Balance at March 31, 2014
 
 
$
(120,503
)
 
 
 
$
(107
)
 
 
$
(24,852
)
 
$
(145,462
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Income tax expense included in other comprehensive income
 
 
$
38,636

 
 
 
$
77

 
 
$
—

 
$
38,713

 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2012
 
 
$
(397,616
)
 
 
 
$
1,794

 
 
$
(50,335
)
 
$
(446,157
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications, net of tax
 
 
36,042

 
 
 
(2
)
 
 
—

 
36,040

Amounts reclassified from AOCI, net of tax
 
 
4,171

 
 
 
(957
)
 
 
—

 
3,214

Other comprehensive income (loss)
 
 
40,213

 
 
 
(959
)
 
 
—

 
39,254

Balance at March 31, 2013
 
 
$
(357,403
)
 
 
 
$
835

 
 
$
(50,335
)
 
$
(406,903
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Income tax expense (benefit) included in other comprehensive income (loss)
 
 
$
23,853

 
 
 
$
(650
)
 
 
$
—

 
$
23,203



 
 
Amounts reclassified from AOCI 1
 
Statement of income (SI) Balance sheet
(BS)
 
 
(In thousands)
 
Three Months Ended March 31,
 
 
 
Details about AOCI components
 
2014
 
2013
 
 
Affected line item
 
 
 
 
 
 
 
 
 
Net realized gains on investment securities
 
$
30,914

 
$
3,299

 
SI
 
Fixed income securities gains, net
Income tax expense
 
6,074

 
1,262

 
 
 
 
 
 
24,840

 
2,037

 
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized losses on investment
securities
 
(27
)
 
(9,714
)
 
SI
 
Net impairment losses on investment securities
Income tax benefit
 
(10
)
 
(3,715
)
 
 
 
 
 
 
(17
)
 
(5,999
)
 
 
 
 
Accretion of securities with noncredit-related impairment losses not expected to be sold
 
(482
)
 
(344
)
 
BS
 
Investment securities, held-to-maturity
Deferred income taxes
 
196

 
135

 
BS
 
Other assets
 
 
$
24,537

 
$
(4,171
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gains on derivative instruments
 
$
351

 
$
1,605

 
SI
 
Interest and fees on loans
Income tax expense
 
141

 
648

 
 
 
 
 
 
$
210

 
$
957

 
 
 
 

1 Negative reclassification amounts indicate decreases to earnings in the statement of income and increases to balance sheet assets. The opposite applies to positive reclassification amounts.
Basel III Capital Framework
The Federal Reserve has published final rules establishing a new capital framework for U.S. banking organizations. These new rules implement the Basel Committee’s December 2010 framework, commonly referred to as Basel III, which will become effective for the Company on January 1, 2015, with the fully phased-in requirements becoming effective in 2018.
Among other things, the new rules revise capital adequacy guidelines and the regulatory framework for prompt corrective action, and they modify specified quantitative measures of our assets, liabilities, and capital. The impact of these new rules will require the Company to maintain capital in excess of current “well-capitalized” regulatory standards, and in excess of historical levels.