Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2011

Derivative Instruments

Summary of notional amounts of derivative instruments

Notional Amounts of Derivative Instruments

(in millions)	June 30, 2011		December 31, 2010		June 30, 2010
Derivatives designated as hedging instruments
Interest rate swaps - fair value:
Certificates of deposit	$	—	$	10.0	$	10.0
Long-term and subordinated debt	355.2		355.9		358.2
Total fair value contracts	$	355.2	$	365.9	$	368.2
Interest rate swaps - cash flow:
U.S. Dollar LIBOR based loans	$	—	$	—	$	50.0
Prime based loans	—		—		50.0
Total cash flow contracts	$	—	$	—	$	100.0
Total derivatives designated as hedging instruments	$	355.2	$	365.9	$	468.2
Derivatives not designated as hedging instruments
Interest rate contracts:
Swaps	$	1,071.4	$	1,043.8	$	979.2
Interest-rate caps, floors and collars	115.3		84.5		179.3
Options purchased	2.0		2.0		2.0
Options written	2.0		2.0		2.0
Total interest-rate contracts	$	1,190.7	$	1,132.3	$	1,162.5
Foreign exchange contracts:
Spot and forward contracts	$	119.7	$	78.2	$	237.9
Options purchased	—		—		71.9
Options written	—		—		71.9
Total foreign exchange contracts	$	119.7	$	78.2	$	381.7
Total derivatives not designated as hedging instruments	$	1,310.4	$	1,210.5	$	1,544.2

Summary of fair value and balance sheet classification of derivative instruments

Fair Values of Derivative Instruments

	June 30, 2011				December 31, 2010				June 30, 2010
(in millions) (1)	Derivative Assets		Derivative Liabilities		Derivative Assets		Derivative Liabilities		Derivative Assets		Derivative Liabilities
Derivatives designated as hedging instruments
Interest rate swaps - fair value:
Certificates of deposit	$	—	$	—	$	0.3	$	—	$	0.5	$	—
Long-term and subordinated debt	14.5		—		19.8		—		27.8		—
Total fair value contracts	$	14.5	$	—	$	20.1	$	—	$	28.3	$	—
Interest rate swaps - cash flow:
U.S. Dollar LIBOR based loans	$	—	$	—	$	—	$	—	$	0.3	$	—
Prime based loans	—		—		—		—		0.6		—
Total cash flow contracts	$	—	$	—	$	—	$	—	$	0.9	$	—
Total derivatives designated as hedging instruments	$	14.5	$	—	$	20.1	$	—	$	29.2	$	—
Derivatives not designated as hedging instruments
Interest rate contracts:
Swaps	$	28.5	$	28.8	$	25.7	$	25.7	$	29.0	$	29.6
Interest-rate caps, floors and collars	0.5		0.5		0.5		0.5		0.4		0.4
Options purchased	0.2		0.2		0.2		0.2		0.1		0.1
Total interest-rate contracts	$	29.2	$	29.5	$	26.4	$	26.4	$	29.5	$	30.1
Option contracts	$	0.5	$	—	$	—	$	—	$	—	$	—
Foreign exchange contracts:
Spot and forward contracts	$	1.2	$	0.9	$	1.3	$	1.0	$	6.0	$	5.7
Options purchased	—		—		—		—		0.1		0.1
Options written	—		—		—		—		1.5		1.5
Total foreign exchange contracts	$	1.2	$	0.9	$	1.3	$	1.0	$	7.6	$	7.3
Total derivatives not designated as hedging instruments	$	30.9	$	30.4	$	27.7	$	27.4	$	37.1	$	37.4

(1) Derivative assets include the estimated gain to settle a derivative contract net of cash collateral received from counterparties plus net interest receivable. Derivative liabilities include the estimated loss to settle a derivative contract.

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

(in millions) Derivative Instruments Designated as	Location in Consolidated	For the three months ended June 30,						For the six months ended June 30,
Hedging Instruments	Statements of Income	2011			2010			2011			2010
Interest-rate swaps-fair value	Interest expense	$	(4.3	)	$	(4.3	)	$	(8.5	)	$	(8.7	)
Interest-rate swaps-cash flow	Interest income	0.2			2.6			0.8			5.6
Total income		$	4.5		$	6.9		$	9.3		$	14.3

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

(in millions) Derivatives Not Designated	Location in Consolidated	For the three months ended June 30,						For the six months ended June 30,
as Hedging Instruments	Statements of Income	2011			2010			2011			2010
Interest-rate contracts	Other noninterest income	$	(0.4	)	$	(0.8	)	$	(0.3	)	$	(0.9	)
Option contracts	Other noninterest income	(0.1		)	—			(0.1		)	(0.1		)
Foreign exchange contracts	International services income	5.8			5.8			11.3			10.5
Total income		$	5.3		$	5.0		$	10.9		$	9.5