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Fair Value Of Assets And Liabilities (Tables)

9 Months Ended

Sep. 30, 2014

Fair Value Of Assets And Liabilities [Abstract]

Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis

Recurring Fair Value Measurements

The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of September 30, 2014:

			September 30, 2014
(Dollars in thousands)			Level 1		Level 2		Level 3		Total
Trading securities - capital markets:
	U.S. treasuries		$	-	$	247,796	$	-	$	247,796
	Government agency issued MBS			-		301,559		-		301,559
	Government agency issued CMO			-		201,016		-		201,016
	Other U.S. government agencies			-		108,874		-		108,874
	States and municipalities			-		42,900		-		42,900
	Corporate and other debt			-		379,768		5		379,773
	Equity, mutual funds, and other			-		49,986		-		49,986
		Total trading securities - capital markets		-		1,331,899		5		1,331,904
Trading securities - mortgage banking:
	Principal only			-		-		4,415		4,415
	Interest only			-		-		232		232
	Subordinated bonds			-		-		1,471		1,471
		Total trading securities - mortgage banking		-		-		6,118		6,118
Loans held-for-sale				-		-		31,443		31,443
Securities available-for-sale:
	U.S. treasuries			-		100		-		100
	Government agency issued MBS			-		716,865		-		716,865
	Government agency issued CMO			-		2,623,685		-		2,623,685
	Other U.S. government agencies			-		-		1,929		1,929
	States and municipalities			-		8,705		1,500		10,205
	Equity, mutual funds, and other			26,080		-		-		26,080
		Total securities available-for-sale		26,080		3,349,355		3,429		3,378,864
Mortgage servicing rights				-		-		2,880		2,880
Other assets:
	Deferred compensation assets			24,901		-		-		24,901
	Derivatives, forwards and futures			3,181		-		-		3,181
	Derivatives, interest rate contracts			-		134,561		-		134,561
		Total other assets		28,082		134,561		-		162,643
		Total assets	$	54,162	$	4,815,815	$	43,875	$	4,913,852
Trading liabilities - capital markets:
	U.S. treasuries		$	-	$	278,306	$	-	$	278,306
	Other U.S. government agencies			-		4,964		-		4,964
	States and municipalities			-		543		-		543
	Corporate and other debt			-		248,421		-		248,421
		Total trading liabilities - capital markets		-		532,234		-		532,234
Other liabilities:
	Derivatives, forwards and futures			2,895		-		-		2,895
	Derivatives, interest rate contracts			-		112,907		-		112,907
	Derivatives, other			-		-		7,640		7,640
		Total other liabilities		2,895		112,907		7,640		123,442
		Total liabilities	$	2,895	$	645,141	$	7,640	$	655,676

The following table presents the balance of assets and liabilities measured at fair value on a recurring basis as of September 30, 2013:

			September 30, 2013
(Dollars in thousands)			Level 1		Level 2		Level 3		Total
Trading securities - capital markets:
	U.S. treasuries		$	-	$	86,986	$	-	$	86,986
	Government agency issued MBS			-		407,876		-		407,876
	Government agency issued CMO			-		90,420		-		90,420
	Other U.S. government agencies			-		149,867		-		149,867
	States and municipalities			-		17,828		-		17,828
	Trading Loans			-		145,505		-		145,505
	Corporate and other debt			-		427,559		5		427,564
	Equity, mutual funds, and other			-		1,374		-		1,374
		Total trading securities - capital markets		-		1,327,415		5		1,327,420
Trading securities - mortgage banking:
	Principal only			-		-		5,096		5,096
	Interest only			-		-		10,618		10,618
		Total trading securities - mortgage banking		-		-		15,714		15,714
Loans held-for-sale				-		-		229,760		229,760
Securities available-for-sale:
	U.S. treasuries			-		39,996		-		39,996
	Government agency issued MBS			-		875,452		-		875,452
	Government agency issued CMO			-		2,025,121		-		2,025,121
	Other U.S. government agencies			-		-		2,528		2,528
	States and municipalities			-		13,655		1,500		15,155
	Venture capital			-		-		4,300		4,300
	Equity, mutual funds, and other			20,267		-		-		20,267
		Total securities available-for-sale		20,267		2,954,224		8,328		2,982,819
Mortgage servicing rights				-		-		116,686		116,686
Other assets:
	Deferred compensation assets			23,193		-		-		23,193
	Derivatives, forwards and futures			16,877		-		-		16,877
	Derivatives, interest rate contracts			-		198,239		-		198,239
		Total other assets		40,070		198,239		-		238,309
		Total assets	$	60,337	$	4,479,878	$	370,493	$	4,910,708
Trading liabilities - capital markets:
	U.S. treasuries		$	-	$	312,315	$	-	$	312,315
	Government agency issued MBS			-		521		-		521
	Government agency issued CMO			-		1,024		-		1,024
	Other U.S. government agencies			-		30,253		-		30,253
	States and municipalities			-		335		-		335
	Corporate and other debt			-		237,953		-		237,953
	Equity, mutual funds, and other			-		3,568		-		3,568
		Total trading liabilities - capital markets		-		585,969		-		585,969
Other short-term borrowings				-		-		11,715		11,715
Other liabilities:
	Derivatives, forwards and futures			9,770		-		-		9,770
	Derivatives, interest rate contracts			-		153,402		-		153,402
	Derivatives, other			-		1		2,745		2,746
		Total other liabilities		9,770		153,403		2,745		165,918
		Total liabilities	$	9,770	$	739,372	$	14,460	$	763,602

Summary Of Changes In Level 3 Assets And Liabilities Measured At Fair Value

Changes in Recurring Level 3 Fair Value Measurements

The changes in Level 3 assets and liabilities measured at fair value for the three months ended September 30, 2014 and 2013, on a recurring basis are summarized as follows:

			Three Months Ended September 30, 2014
										Securities available-for-sale					Mortgage
			Trading			Loans held-				Investment			Venture		servicing				Net derivative
(Dollars in thousands)			securities			for-sale				portfolio			Capital		rights, net				liabilities
Balance on July 1, 2014			$	6,421			$	232,487			$	3,561	$	2,300		$	3,197			$	(4,725)
	Total net gains/(losses) included in:
		Net income		191				41,757				-		(995)			19				(3,236)
		Other comprehensive income /(loss)		-				-				(16)		-			-				-
	Purchases			-				522				-		-			-				-
	Issuances			-				-				-		-			-				-
	Sales			-				(236,975)				-		(5)			(152)				-
	Settlements			(489)				(5,967)				(116)		(1,300)			(184)				321
	Net transfers into/(out of) Level 3			-				(381)	(b)			-		-			-				-
Balance on September 30, 2014			$	6,123			$	31,443			$	3,429	$	-		$	2,880			$	(7,640)
Net unrealized gains/(losses) included in net income			$	191	(a)		$	1,828	(a)		$	-	$	-		$	17	(a)		$	(3,236)	(c)

			Three Months Ended September 30, 2013
										Securities available-for-sale					Mortgage								Other
			Trading			Loans held-				Investment			Venture		servicing				Net derivative				short-term
(Dollars in thousands)			securities			for-sale				portfolio			Capital		rights, net				liabilities				borrowings
Balance on July 1, 2013			$	15,877			$	235,080			$	4,354	$	4,300		$	113,853			$	(2,195)			$	(12,349)
	Total net gains/(losses) included in:
		Net income		1,944				(1,805)				-		-			8,932				(871)				634
		Other comprehensive income /(loss)		-				-				(17)		-			-				-				-
	Purchases			-				12,338				-		-			-				-				-
	Issuances			-				-				-		-			-				-				-
	Sales			-				-				-		-			-				-				-
	Settlements			(2,102)				(11,390)				(309)		-			(6,099)				321				-
	Net transfers into/(out of) Level 3			-				(4,463)	(b)			-		-			-				-				-
Balance on September 30, 2013			$	15,719			$	229,760			$	4,028	$	4,300		$	116,686			$	(2,745)			$	(11,715)
Net unrealized gains/(losses) included in net income			$	(1,540)	(a)		$	(1,805)	(a)		$	-	$	-		$	9,107	(a)		$	(871)	(c)		$	634	(a)

Primarily included in mortgage banking income on the Consolidated Condensed Statements of Income.
Transfers out of recurring loans held-for-sale level 3 balances reflect movements out of loans held-for-sale and into real estate acquired by foreclosure (level 3 nonrecurring).
Included in Other expense.

Changes in Recurring Level 3 Fair Value Measurements

The changes in Level 3 assets and liabilities measured at fair value for the nine months ended September 30, 2014 and 2013, on a recurring basis are summarized as follows:

			Nine Months Ended September 30, 2014
											Securities available-for-sale				Mortgage
			Trading			Loans held-				Investment			Venture		servicing				Net derivative
(Dollars in thousands)			securities			for-sale				portfolio			Capital		rights, net				liabilities
Balance on January 1, 2014			$	7,200			$	230,456			$	3,826	$	4,300		$	72,793			$	(2,915)
	Total net gains/(losses) included in:
		Net income		149				51,158				-		(2,995)			1,265				(5,678)
		Other comprehensive income / (loss)		-				-				(48)		-			-				-
	Purchases			1,559				5,104				-		-			-				-
	Issuances			-				-				-		-			-				-
	Sales			(1,715)				(236,975)				-		(5)			(70,071)				-
	Settlements			(1,070)				(14,767)				(349)		(1,300)			(1,107)				953
	Net transfers into/(out of) Level 3			-				(3,533)	(b)			-		-			-				-
Balance on September 30, 2014			$	6,123			$	31,443			$	3,429	$	-		$	2,880			$	(7,640)
Net unrealized gains/(losses) included in net income			$	225	(a)		$	1,828	(a)		$	-	$	-		$	50	(a)		$	(5,678)	(c)

			Nine Months Ended September 30, 2013
											Securities available-for-sale				Mortgage								Other
			Trading			Loans held-				Investment			Venture		servicing				Net derivative				short-term
(Dollars in thousands)			securities			for-sale				portfolio			Capital		rights, net				liabilities				borrowings
Balance on January 1, 2013			$	17,992			$	221,094			$	5,253	$	4,300		$	114,311			$	(2,175)			$	(11,156)
	Total net gains/(losses) included in:
		Net income		4,474				(3,940)				-		-			20,267				(1,522)				(559)
		Other comprehensive income /(loss)		-				-				(93)		-			-				-				-
	Purchases			-				49,847				-		-			-				-				-
	Issuances			-				-				-		-			-				-				-
	Sales			-				-				-		-			-				-				-
	Settlements			(6,747)				(25,990)				(1,132)		-			(17,892)				952				-
	Net transfers into/(out of) Level 3			-				(11,251)	(b)			-		-			-				-				-
Balance on September 30, 2013			$	15,719			$	229,760			$	4,028	$	4,300		$	116,686			$	(2,745)			$	(11,715)
Net unrealized gains/(losses) included in net income			$	3,127	(a)		$	(3,940)	(a)		$	-	$	-		$	20,424	(a)		$	(1,523)	(c)		$	(559)	(a)

Primarily included in mortgage banking income on the Consolidated Condensed Statements of Income.
Transfers out of recurring loans held-for-sale level 3 balances reflect movements out of loans held-for-sale and into real estate acquired by foreclosure (level 3 nonrecurring).
Included in Other expense

Nonrecurring Fair Value Measurements

From time to time, FHN may be required to measure certain other financial assets at fair value on a nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from the application of LOCOM accounting or write-downs of individual assets. For assets measured at fair value on a nonrecurring basis which were still held on the balance sheet at September 30, 2014 and 2013, respectively, the following tables provide the level of valuation assumptions used to determine each adjustment, the related carrying value, and the fair value adjustments recorded during the respective periods.

									Three Months Ended		Nine Months Ended
	Carrying value at September 30, 2014								September 30, 2014		September 30, 2014
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)		Net gains/(losses)
Loans held-for-sale - SBAs	$	-	$	7,552	$	-	$	7,552	$	(4)	$	39
Loans held-for-sale - first mortgages		-		-		981		981		(351)		(361)
Loans, net of unearned income (a)		-		-		46,634		46,634		1,259		2,504
Real estate acquired by foreclosure (b)		-		-		35,261		35,261		(707)		(2,098)
Other assets (c)		-		-		65,393		65,393		(698)		(2,779)
									$	(501)	$	(2,695)

									Three Months Ended		Nine Months Ended
	Carrying value at September 30, 2013								September 30, 2013		September 30, 2013
(Dollars in thousands)	Level 1		Level 2		Level 3		Total		Net gains/(losses)		Net gains/(losses)
Loans held-for-sale - first mortgages	$	-	$	-	$	9,632	$	9,632	$	364	$	304
Loans, net of unearned income (a)		-		-		82,254		82,254		(1,177)		(3,154)
Real estate acquired by foreclosure (b)		-		-		50,030		50,030		(327)		(3,278)
Other assets (c)		-		-		69,115		69,115		(1,153)		(4,199)
									$	(2,293)	$	(10,327)
Certain previously reported amount have been reclassified to agree with current presentation.

Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision.
Represents the fair value and related losses of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.
Represents tax credit investments.

Schedule Of Unobservable Inputs Utilized In Determining The Fair Value Of Level 3 Recurring And Non-Recurring Measurements

Level 3 Measurements

The following tables provide information regarding the unobservable inputs utilized in determining the fair value of level 3 recurring and non-recurring measurements as of September 30, 2014 and 2013:

(Dollars in Thousands)
	Fair Value at
Level 3 Class	September 30, 2014		Valuation Techniques	Unobservable Input	Values Utilized
Trading securities - mortgage (a)	$	6,118	Discounted cash flow	Prepayment speeds	42% - 46%
				Discount rate	42% - 69%
Loans held-for-sale - residential real estate		32,424	Discounted cash flow	Prepayment speeds - First mortgage	6% - 10%
				Prepayment speeds - Heloc	5% - 15%
				Credit spreads	2% - 4%
				Delinquency adjustment factor	15% - 25% added to credit spread
				Loss severity trends - First mortgage	50% - 60% of UPB
				Loss severity trends - Heloc	50% - 100% of UPB
				Draw rate - Heloc	5% - 12%
Mortgage servicing rights (a)		2,880	Discounted cash flow	Prepayment speeds	15.2 CPR
				Discount rate	9.8%
				Cost to service	$141.40/Loan
				Earnings on escrow	1.385%
Derivative liabilities, other		7,640	Discounted cash flow	Visa covered litigation resolution amount	$4.9 billion - $5.7 billion
				Probability of resolution scenarios	10% - 30%
				Time until resolution	12 - 48 months
Loans, net of unearned income (b)		46,634	Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 10% of appraisal
			Other collateral valuations	Borrowing base certificates adjustment	20% - 50% of gross value
				Financial Statements/Auction values adjustment	0% - 25% of reported value
Real estate acquired by foreclosure (c)		35,261	Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
Other assets (d)		65,393	Discounted cash flow	Adjustments to current sales yields for specific properties	0% - 15% adjustment to yield
			Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 25% of appraisal

The unobservable inputs for principal-only and interest-only trading securities, MSR and subordinated bonds are discussed in the Mortgage servicing rights and other retained interests paragraph.
Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision.
Represents the fair value of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.
Represents tax credit investments.

(Dollars in Thousands)
	Fair Value at
Level 3 Class	September 30, 2013		Valuation Techniques	Unobservable Input	Values Utilized
Trading securities - mortgage	$	15,714	Discounted cash flow	Prepayment speeds	42% - 46%
				Discount rate	48% - 170%
Loans held-for-sale - residential real estate		239,392	Discounted cash flow	Prepayment speeds	6% - 10%
				Credit spreads	2% - 4%
				Delinquency adjustment factor	15% - 25% added to credit spread
				Loss severity trends	50% - 60% of UPB
Venture capital investments		4,300	Industry comparables	Adjustment for minority interest and small business status	40% - 50% discount
			Discounted cash flow	Discount rate	25% - 30%
				Earnings capitalization rate	20% - 25%
Mortgage servicing rights		116,686	Discounted cash flow	Prepayment speeds	18.7 CPR
				Discount rate	8.4%
				Cost to service	$118.70/Loan
				Earnings on escrow	1.385%
Other short-term borrowings		11,715	Discounted cash flow	(a)	(a)
Derivative liabilities, other		2,745	Discounted cash flow	Visa covered litigation resolution amount	$4.4 billion - $5.0 billion
				Probability of resolution scenarios	10% - 50%
				Time until resolution	6 - 30 months
Loans, net of unearned income (b)		82,254	Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 10% of appraisal
			Other collateral valuations	Borrowing base certificates adjustment	20% - 50% of gross value
				Financial Statements/Auction Values adjustment	0% - 25% of reported value
Real estate acquired by foreclosure (c)		50,030	Appraisals from comparable properties	Adjustment for value changes since appraisal	0% - 10% of appraisal
Other assets (d)		69,115	Discounted cash flow	Adjustments to current sales yields for specific properties	0% - 15% adjustment to yield
			Appraisals from comparable properties	Marketability adjustments for specific properties	0% - 25% of appraisal

The inputs and associated ranges for Other short-term borrowings mirror those of the related MSR.
Represents carrying value of loans for which adjustments are required to be based on the appraised value of the collateral. Write-downs on these loans are recognized as part of provision.
Represents the fair value of foreclosed properties that were measured subsequent to their initial classification as foreclosed assets. Balance excludes foreclosed real estate related to government insured mortgages.
Represents tax credit investments.

Summary Of Differences Between The Fair Value Carrying Amount Of Mortgages Held-For-Sale And Aggregate Unpaid Principal Amount

The following tables reflect the differences between the fair value carrying amount of residential real estate loans held-for-sale measured at fair value in accordance with management’s election and the aggregate unpaid principal amount FHN is contractually entitled to receive at maturity.
		September 30, 2014
(Dollars in thousands)		Fair value carrying amount		Aggregate unpaid principal		Fair value carrying amount less aggregate unpaid principal
Residential real estate loans held-for-sale reported at fair value:
	Total loans	$	31,443	$	49,145		$	(17,702)
	Nonaccrual loans		7,742		14,893			(7,151)
	Loans 90 days or more past due and still accruing		2,685		4,990			(2,305)


		September 30, 2013
(Dollars in thousands)		Fair value carrying amount		Aggregate unpaid principal		Fair value carrying amount less aggregate unpaid principal
Residential real estate loans held-for-sale reported at fair value:
	Total loans	$	229,760	$	379,123		$	(149,363)
	Nonaccrual loans		69,116		147,116			(78,000)
	Loans 90 days or more past due and still accruing		9,046		19,402			(10,356)
Trading loans reported at fair value:
	Total loans		145,505		142,311			3,194

Changes In Fair Value Of Assets And Liabilities Which Fair Value Option Included In Current Period Earnings

Assets and liabilities accounted for under the fair value election are initially measured at fair value with subsequent changes in fair value recognized in earnings. Such changes in the fair value of assets and liabilities for which FHN elected the fair value option are included in current period earnings with classification in the income statement line item reflected in the following table:

			Three Months Ended				Nine Months Ended
			September 30				September 30
(Dollars in thousands)			2014		2013		2014		2013
Changes in fair value included in net income:
	Mortgage banking noninterest income
		Loans held-for-sale	$	41,757	$	(1,805)	$	51,158	$	(3,940)
		Other short-term borrowings		-		634		-		(559)
Changes in fair value included in net income:
	Capital market noninterest income
		Trading loans		-		1,867		-		1,867

Summary Of Book Value And Estimated Fair Value Of Financial Instruments

The following tables summarize the book value and estimated fair value of financial instruments recorded in the Consolidated Condensed Statements of Condition as well as unfunded commitments as of September 30, 2014 and 2013.

			September 30, 2014
			Book		Fair Value
(Dollars in thousands)			Value		Level 1		Level 2		Level 3		Total
Assets:
Loans, net of unearned income and allowance for loan losses
	Commercial:
		Commercial, financial and industrial	$	8,407,459	$	-	$	-	$	8,348,656	$	8,348,656
		Commercial real estate		1,262,944		-		-		1,243,925		1,243,925
	Retail:
		Consumer real estate		5,012,593		-		-		4,875,939		4,875,939
		Permanent mortgage		552,568		-		-		492,930		492,930
		Credit card & other		337,812		-		-		339,667		339,667
Total loans, net of unearned income and allowance for loan losses				15,573,376		-		-		15,301,117		15,301,117

Short-term financial assets
	Interest-bearing cash			275,485		275,485		-		-		275,485
	Federal funds sold			55,242		-		55,242		-		55,242
	Securities purchased under agreements to resell			561,802		-		561,802		-		561,802
Total short-term financial assets				892,529		275,485		617,044		-		892,529

Trading securities (a)				1,338,022		-		1,331,899		6,123		1,338,022
Loans held-for-sale (a)				151,915		-		7,552		144,363		151,915
Securities available-for-sale (a) (b)				3,534,671		26,080		3,349,355		159,236		3,534,671
Securities held-to-maturity				4,286		-		-		5,380		5,380
Derivative assets (a)				137,742		3,181		134,561		-		137,742

Other assets
	Tax credit investments			65,393		-		-		65,393		65,393
	Deferred compensation assets			24,901		24,901		-		-		24,901
Total other assets				90,294		24,901		-		65,393		90,294

Nonearning assets
	Cash & due from banks			292,687		292,687		-		-		292,687
	Capital markets receivables			197,507		-		197,507		-		197,507
	Accrued interest receivable			71,755		-		71,755		-		71,755
Total nonearning assets				561,949		292,687		269,262		-		561,949
Total assets			$	22,284,784	$	622,334	$	5,709,673	$	15,681,612	$	22,013,619

Liabilities:
Deposits:
	Defined maturity		$	1,214,637	$	-	$	1,220,109	$	-	$	1,220,109
	Undefined maturity			14,930,134		-		14,930,134		-		14,930,134
Total deposits				16,144,771		-		16,150,243		-		16,150,243

Trading liabilities (a)				532,234		-		532,234		-		532,234

Short-term financial liabilities
	Federal funds purchased			928,159		-		928,159		-		928,159
	Securities sold under agreements to repurchase			479,384		-		479,384		-		479,384
	Other short-term borrowings			790,080		-		790,080		-		790,080
Total short-term financial liabilities				2,197,623		-		2,197,623		-		2,197,623

Term borrowings
	Real estate investment trust-preferred			45,879		-		-		49,350		49,350
	Term borrowings - new market tax credit investment			18,000		-		-		17,880		17,880
	Borrowings secured by residential real estate			70,720		-		-		61,031		61,031
	Other long term borrowings			1,356,539		-		1,346,281		-		1,346,281
Total term borrowings				1,491,138		-		1,346,281		128,261		1,474,542

Derivative liabilities (a)				123,442		2,895		112,907		7,640		123,442

Other noninterest-bearing liabilities
	Capital markets payables			329,960		-		329,960		-		329,960
	Accrued interest payable			30,984		-		30,984		-		30,984
Total other noninterest-bearing liabilities				360,944		-		360,944		-		360,944
Total liabilities			$	20,850,152	$	2,895	$	20,700,232	$	135,901	$	20,839,028

Classes are detailed in the recurring and nonrecurring measurement tables.
Level 3 includes restricted investments in FHLB-Cincinnati stock of $87.9 million and FRB stock of $66.0 million.

			September 30, 2013
			Book		Fair Value
(Dollars in thousands)			Value		Level 1		Level 2		Level 3		Total
Assets:
Loans, net of unearned income and allowance for loan losses
	Commercial:
		Commercial, financial and industrial	$	7,655,562	$	-	$	-	$	7,502,354	$	7,502,354
		Commercial real estate		1,162,718		-		-		1,115,304		1,115,304
	Retail:
		Consumer real estate		5,337,221		-		-		4,859,306		4,859,306
		Permanent mortgage		672,138		-		-		589,999		589,999
		Credit card & other		325,207		-		-		327,075		327,075
Total loans, net of unearned income and allowance for loan losses				15,152,846		-		-		14,394,038		14,394,038

Short-term financial assets
	Interest-bearing cash			184,179		184,179		-		-		184,179
	Federal funds sold			52,830		-		52,830		-		52,830
	Securities purchased under agreements to resell			576,355		-		576,355		-		576,355
Total short-term financial assets				813,364		184,179		629,185		-		813,364

Trading securities (a)				1,343,134		-		1,327,415		15,719		1,343,134
Loans held-for-sale (a)				371,640		-		-		371,640		371,640
Securities available-for-sale (a) (b)				3,186,943		20,267		2,954,224		212,452		3,186,943
Derivative assets (a)				215,116		16,877		198,239		-		215,116

Other assets
	Tax credit investments			69,115		-		-		69,115		69,115
	Deferred compensation assets			23,193		23,193		-		-		23,193
Total other assets				92,308		23,193		-		69,115		92,308

Nonearning assets
	Cash & due from banks			395,631		395,631		-		-		395,631
	Capital markets receivables			83,154		-		83,154		-		83,154
	Accrued interest receivable			71,889		-		71,889		-		71,889
Total nonearning assets				550,674		395,631		155,043		-		550,674
Total assets			$	21,726,025	$	640,147	$	5,264,106	$	15,062,964	$	20,967,217

Liabilities:
Deposits:
	Defined maturity		$	1,573,405	$	-	$	1,591,314	$	-	$	1,591,314
	Undefined maturity			14,710,504		-		14,710,504		-		14,710,504
Total deposits				16,283,909		-		16,301,818		-		16,301,818

Trading liabilities (a)				585,969		-		585,969		-		585,969

Short-term financial liabilities
	Federal funds purchased			1,062,901		-		1,062,901		-		1,062,901
	Securities sold under agreements to repurchase			427,232		-		427,232		-		427,232
	Other short-term borrowings			303,686		-		291,971		11,715		303,686
Total short-term financial liabilities				1,793,819		-		1,782,104		11,715		1,793,819

Term borrowings
	Real estate investment trust-preferred			45,811		-		-		47,000		47,000
	Term borrowings - new market tax credit investment			18,000		-		-		18,025		18,025
	Borrowings secured by residential real estate			329,574		-		-		194,905		194,905
	Other long term borrowings			1,377,903		-		1,365,535		-		1,365,535
Total term borrowings				1,771,288		-		1,365,535		259,930		1,625,465

Derivative liabilities (a)				165,918		9,770		153,403		2,745		165,918

Other noninterest-bearing liabilities
	Capital markets payables			53,784		-		53,784		-		53,784
	Accrued interest payable			33,924		-		33,924		-		33,924
Total other noninterest-bearing liabilities				87,708		-		87,708		-		87,708
Total liabilities			$	20,688,611	$	9,770	$	20,276,537	$	274,390	$	20,560,697

Classes are detailed in the recurring and nonrecurring measurement tables.
Level 3 includes restricted investments in FHLB-Cincinnati stock of $128.0 million and FRB stock of $66.0 million.

	Contractual Amount				Fair Value
(Dollars in thousands)	September 30, 2014		September 30, 2013		September 30, 2014		September 30, 2013
Unfunded Commitments:
Loan commitments	$	7,411,045	$	7,550,487	$	2,368	$	1,722
Standby and other commitments		320,286		302,160		4,879		4,819
Certain previously reported amounts have been reclassified to agree with current presentation.

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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- Definition

Tabular disclosure of the application of the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide. Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected, provide the aggregate carrying amount of ineligible items included in each line item in the balance sheet, if any; (b) the difference between the aggregate fair value and the aggregate unpaid principal balance (assuming contractual principal amounts and fair value option elected) of: (i) loans and long-term receivables (other than securities otherwise reported at fair value) and (ii) long-term debt instruments; (c) for loans held as assets for which the fair value option has been elected: (i) the aggregate fair value of loans that are 90 days or more past due, (ii) if the policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status, and (iii) the difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both; (2) for items included in the income statement: (a) the amounts of gains and losses from fair value changes included in earnings and in which line in the income statement those gains and losses are reported whether or not combined with gains and losses from items required to be accounted for at fair value; (b) for loans and other receivables held as assets, the estimated amount of gains or losses included in earnings attributable to changes in instrument-specific credit risk; (c) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk, the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk; and (3) certain other disclosures as required or determined to be provided.

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