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Derivatives and Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Notional values or contractual amounts and fair value of the Corporation's derivatives designated in hedge relationships
 
Asset Derivatives
 
 
Liability Derivatives
 
December 31, 2012
 
December 31, 2011
 
 
December 31, 2012
 
December 31, 2011
 
Notional/ Contract Amount
 
Fair
Value (a)
 
Notional/ Contract Amount
 
Fair
Value (a)
 
 
Notional/ Contract Amount
 
Fair
Value (b)
 
Notional/ Contract Amount
 
Fair
Value (b)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair value hedges
$

 
$

 
$
819

 
$

 
 
$
161,133

 
$
19,080

 
$
234,330

 
$
25,889

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Notional values or contractual amounts and fair value of the Corporation's derivatives not designated in hedge
As of December 31, 2012 and 2011, the notional values or contractual amounts and fair value of the Corporation's derivatives not designated in hedge relationships were as follows:
 
Asset Derivatives
 
 
Liability Derivatives
 
December 31, 2012
 
December 31, 2011
 
 
December 31, 2012
 
December 31, 2011
 
Notional/ Contract Amount
 
Fair Value(a)
 
Notional/ Contract Amount
 
Fair Value(a)
 
 
Notional/ Contract Amount
 
Fair Value(b)
 
Notional/ Contract Amount
 
Fair Value(b)
Interest rate swaps
$
1,204,835

 
$
58,769

 
$
976,823

 
$
58,875

 
 
$
1,204,835

 
$
58,769

 
$
976,823

 
$
58,875

Mortgage loan commitments
168,271

 
4,400

 
191,514

 
4,959

 
 

 

 

 

Forward sales contracts
124,017

 
(62
)
 
159,377

 
(1,798
)
 
 

 

 

 

Credit contracts

 

 

 

 
 
25,225

 

 
17,951

 

Foreign exchange
6,662

 
62

 
3,582

 
65

 
 
6,026

 
57

 
3,793

 
62

Other

 

 

 

 
 
31,492

 

 
21,094

 
1,324

Total
$
1,503,785

 
$
63,169

 
$
1,331,296

 
$
62,101

 
 
$
1,267,578

 
$
58,826

 
$
1,019,661

 
$
60,261

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gains and losses recognized in income on non-designated hedging instruments
Gains and losses recognized in income on non-designated hedging instruments for the years ended December 31, 2012, 2011 and 2010 are as follows:
Derivatives not
designated as hedging
instruments
 
Location of Gain/(Loss)
Recognized
in Income on
Derivative
 
Amount of Gain / (Loss) Recognized
Income on Derivative
in Income on Derivatives
 
 
Year Ended December 31,
 
 
2012
 
2011
 
2010
Mortgage loan commitments
 
Other operating income
 
(559
)
 
3,576

 
987

Forward sales contracts
 
Other operating income
 
1,737

 
(3,904
)
 
1,222

Foreign exchange contracts
 
Other operating income
 
189

 
9

 

Other
 
Other operating expense
 

 
(1,324
)
 
(678
)
Total
 
 
 
$
1,367

 
$
(1,643
)
 
$
1,531