Derivative financial instruments (Tables)

6 Months Ended

Jun. 30, 2011

Derivative financial instruments (Tables) [Abstract]

Information about interest rate swap agreements

					Weighted-
	Notional		Average		average rate
	amount		maturity		Fixed			Variable
	(in thousands)		(in years)
June 30, 2011
Fair value hedges:
Fixed rate long-term borrowings (a)	$	900,000		5.9		6.07	%		1.79	%
December 31, 2010
Fair value hedges:
Fixed rate long-term borrowings (a)	$	900,000		6.4		6.07	%		1.84	%

(a) Under the terms of these agreements, the Company receives settlement amounts at a fixed rate and pays at a variable rate.

Information about fair values of derivative instruments in consolidated balance sheet

	Asset derivatives				Liability derivatives
	Fair value				Fair value
	June 30,		December 31,		June 30,		December 31,
	2011		2010		2011		2010
			(in thousands)
Derivatives designated and qualifying as hedging instruments
Fair value hedges:
Interest rate swap agreements (a)	$	106,177		96,637	$	—		—
Commitments to sell real estate loans (a)		912		4,880		1,270		1,062
		107,089		101,517		1,270		1,062
Derivatives not designated and qualifying as hedging instruments
Mortgage-related commitments to originate real estate loans for sale (a)		13,558		2,827		387		583
Commitments to sell real estate loans (a)		1,583		10,322		5,364		1,962
Trading:
Interest rate contracts (b)		364,064		345,632		339,440		321,461
Foreign exchange and other option and futures contracts (b)		26,920		11,267		27,043		11,761
		406,125		370,048		372,234		335,767
Total derivatives	$	513,214		471,565	$	373,504		336,829

(a)	Asset derivatives are reported in other assets and liability derivatives are reported in other liabilities.
(b)	Asset derivatives are reported in trading account assets and liability derivatives are reported in other liabilities.

Information about fair values of derivative instruments in consolidated statement of income

	Amount of unrealized gain (loss) recognized
	Three months ended						Three months ended
	June 30, 2011						June 30, 2010
	Derivative			Hedged item			Derivative			Hedged item
				(in thousands)
Derivatives in fair value hedging relationships
Interest rate swap agreements:
Fixed rate time deposits (a)	$	—			—		$	(304	)		304
Fixed rate long-term borrowings (a)		21,945			(21,145	)		43,957			(41,680	)
Total	$	21,945			(21,145	)	$	43,653			(41,376	)
Derivatives not designated as hedging instruments
Trading:
Interest rate contracts (b)	$	1,001					$	(504	)
Foreign exchange and other option and futures contracts (b)		(743	)					615
Total	$	258					$	111

	Amount of unrealized gain (loss) recognized
	Six months ended						Six months ended
	June 30, 2011						June 30, 2010
	Derivative			Hedged item			Derivative			Hedged item
				(in thousands)
Derivatives in fair value hedging relationships
Interest rate swap agreements:
Fixed rate time deposits (a)	$	—			—		$	(503	)		503
Fixed rate long-term borrowings (a)		9,540			(9,097	)		56,427			(53,661	)
Total	$	9,540			(9,097	)	$	55,924			(53,158	)
Derivatives not designated as hedging instruments
Trading:
Interest rate contracts (b)	$	1,476					$	(1,118	)
Foreign exchange and other option and futures contracts (b)		(1,291	)					957
Total	$	185					$	(161	)

(a)	Reported as other revenues from operations.
(b)	Reported as trading account and foreign exchange gains.