Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Derivative Financial Instruments

Summary of notional amount and fair values of derivative instruments

	December 31, 2013						December 31, 2012
(in millions)	Notional Amount		Derivative Assets		Derivative Liabilities		Notional Amount		Derivative Assets		Derivative Liabilities
Derivatives designated as hedging instruments
Interest rate swaps—fair value (1):
Long-term and subordinated debt	$	—	$	—	$	—	$	205.5	$	2.3	$	0.1
Total derivatives designated as hedging instruments	$	—	$	—	$	—	$	205.5	$	2.3	$	0.1
Derivatives not designated as hedging instruments
Interest rate contracts:
Swaps	$	2,769.4	$	42.7	$	41.7	$	2,243.6	$	64.2	$	64.2
Interest-rate caps, floors and collars		251.6		0.5		0.5		240.1		0.2		0.2
Options purchased		1.5		0.6		0.6		2.0		0.2		0.2
Options written		1.5		—		—		2.0		—		—
Total interest-rate contracts	$	3,024.0	$	43.8	$	42.8	$	2,487.7	$	64.6	$	64.6
Option contracts	$	1.9	$	0.4	$	—	$	—	$	0.7	$	—
Foreign exchange contracts:
Spot and forward contracts	$	461.4	$	3.5	$	3.3	$	231.4	$	1.5	$	1.3
Options purchased		6.3		—		—		—		—		—
Options written		6.3		0.2		0.2		—		—		—
Total foreign exchange contracts	$	474.0	$	3.7	$	3.5	$	231.4	$	1.5	$	1.3
Total derivatives not designated as hedging instruments	$	3,499.9	$	47.9	$	46.3	$	2,719.1	$	66.8	$	65.9

(1)

The Company offsets mark-to-market adjustments, interest receivable, interest payable and cash collateral received on interest-rate swaps that are executed with the same counterparty under a master netting agreement, and reports the net balance in other assets or other liabilities in the consolidated balance sheets. For purposes of this disclosure, mark-to-market adjustments, interest receivable and interest payable are presented on a gross basis and cash collateral is excluded from fair value amounts.

Schedule of impact of interest-rate swaps on interest income and interest expense

		For the year ended December 31,
	Location in Consolidated Statements of Income
(in millions) Derivative Instruments Designated as Hedging Instruments		2013			2012			2011
Interest-rate swaps-fair value	Interest expense	$	(1.0	)	$	(8.2	)	$	(14.1	)
Interest-rate swaps-cash flow	Interest income		0.1			0.2			1.0
Total income		$	1.1		$	8.4		$	15.1

Schedule of the amount of gains and losses on derivative contracts not designated as hedges

		For the year ended December 31,
	Location in Consolidated Statements of Income
(in millions) Derivatives Not Designated as Hedging Instruments		2013		2012			2011
Interest-rate contracts	Other noninterest income	$	1.0	$	1.1		$	(1.1	)
Option contracts	Other noninterest income		0.2		(1.7	)		0.1
Foreign exchange contracts	International services income		27.5		26.1			24.1
Total income		$	28.7	$	25.5		$	23.1