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ACCUMULATED OTHER COMPREHENSIVE INCOME / (LOSS)
 6 Months Ended
Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME / (LOSS)
ACCUMULATED OTHER COMPREHENSIVE INCOME / (LOSS)
The following table presents the components of accumulated other comprehensive income/ (loss), net of related tax, for the three-month and six-month periods ended June 30, 2014 and 2013, respectively.

 
Total Other
Comprehensive Income/(Loss)
 
Total Accumulated
Other Comprehensive Income/(Loss)
 
For the Three-Month Period
Ended June 30, 2014
 
March 31, 2014
 
 
 
June 30, 2014
 
Pretax
Activity
 
Tax
Effect
 
Net Activity
 
Beginning
Balance
 
Net
Activity
 
Ending
Balance
 
(in thousands)
Change in accumulated gains/(losses) on cash flow hedge derivative financial instruments
$
(15,472
)
 
$
5,228

 
$
(10,244
)
 
 
 
 
 
 
Reclassification adjustment for net losses on cash flow hedge derivative financial instruments (1)
13,782

 
(4,657
)
 
9,125

 
 
 
 
 
 
Net unrealized gains/(losses) on cash flow hedge derivative financial instruments
(1,690
)
 
571

 
(1,119
)
 
$
(31,663
)
 
$
(1,119
)
 
$
(32,782
)
 
 
 
 
 
 
 
 
 
 
 
 
Change in unrealized gains/(losses) on investment securities available-for-sale
85,291

 
(33,447
)
 
51,844

 
 
 
 
 
 
Reclassification adjustment for net losses included in net income on non-OTTI securities (2)
(9,405
)
 
3,688

 
(5,717
)
 
 
 
 
 
 
Net unrealized gains/(losses) on investment securities available-for-sale
75,886

 
(29,759
)
 
46,127

 
(116,531
)
 
46,127

 
(70,404
)
 
 
 
 
 
 
 
 
 
 
 
 
Pension and post-retirement actuarial gain/(loss)(3)
447

 
(174
)
 
273

 
(14,991
)
 
273

 
(14,718
)
 
 
 
 
 
 
 
 
 
 
 
 
As of June 30, 2014
$
74,643

 
$
(29,362
)
 
$
45,281

 
$
(163,185
)
 
$
45,281

 
$
(117,904
)
(1) Net losses reclassified into Interest on borrowings and other debt obligations in the Condensed Consolidated Statement of Operations for settlements of interest rate swap contracts designated as cash flow hedges.
(2) Net gains reclassified into Net gain on sale of investment securities sales in the Condensed Consolidated Statement of Operations for the sale of available-for-sale securities.
(3) Included in the computation of net periodic pension costs.

NOTE 13. ACCUMULATED OTHER COMPREHENSIVE INCOME / (LOSS) (continued)

 
 
 
 
 
 
 
 
 
 
 
 
 
Total Other
Comprehensive Income/(Loss)
 
Total Accumulated
Other Comprehensive Income/(Loss)
 
For the Six-Month Period
Ended June 30, 2014
 
December 31, 2013
 
 
 
June 30, 2014
 
Pretax
Activity
 
Tax
Effect
 
Net Activity
 
Beginning
Balance
 
Net
Activity
 
Ending
Balance
Change in accumulated gains/(losses) on cash flow hedge derivative financial instruments
$
(17,120
)
 
$
6,133

 
$
(10,987
)
 
 
 
 
 
 
Reclassification adjustment for net losses on cash flow hedge derivative financial instruments (1)
27,467

 
(9,839
)
 
17,628

 
 
 
 
 
 
Net unrealized gains/(losses) on cash flow hedge derivative financial instruments
10,347

 
(3,706
)
 
6,641

 
$
(39,423
)
 
$
6,641

 
$
(32,782
)
 
 
 
 
 
 
 
 
 
 
 
 
Change in unrealized gains/(losses) on investment securities available-for-sale
2,651,973

 
(1,039,069
)
 
1,612,904

 
 
 
 
 
 
Reclassification adjustment for net gains included in net income on non-OTTI securities (2)
(2,439,888
)
 
955,972

 
(1,483,916
)
 
 
 
 
 
 
Net unrealized gains on investment securities available-for-sale
212,085

 
(83,097
)
 
128,988

 
(199,392
)
 
128,988

 
(70,404
)
 
 
 
 
 
 
 
 
 
 
 
 
Pension and post-retirement actuarial gain/(loss) (3)
894

 
(59
)
 
835

 
(15,553
)
 
835

 
(14,718
)
 
 
 
 
 
 
 
 
 
 
 
 
As of June 30, 2014
$
223,326

 
$
(86,862
)
 
$
136,464

 
$
(254,368
)
 
$
136,464

 
$
(117,904
)
(1) Net losses reclassified into Interest on borrowings and other debt obligations in the Condensed Consolidated Statement of Operations for settlements of interest rate swap contracts designated as cash flow hedges.
(2) Net gains reclassified into Net gain on sale of investment securities sales in the Condensed Consolidated Statement of Operations for the sale of available-for-sale securities.
(3) Included in the computation of net periodic pension costs.


NOTE 13. ACCUMULATED OTHER COMPREHENSIVE INCOME / (LOSS) (continued)

 
Total Other
Comprehensive Income/(Loss)
 
Total Accumulated
Other Comprehensive Income/(Loss)
 
For the Three-Month Period
Ended June 30, 2013
 
March 31, 2013
 
 
 
June 30, 2013
 
Pretax
Activity
 
Tax
Effect
 
Net Activity
 
Beginning
Balance
 
Net
Activity
 
Ending
Balance
 
(in thousands)
Change in accumulated gains/(losses) on cash flow hedge derivative financial instruments
$
6,457

 
$
(2,568
)
 
$
3,889

 
 
 
 
 
 
Reclassification adjustment for net losses on cash flow hedge derivative financial instruments
17,160

 
(6,824
)
 
10,336

 
 
 
 
 
 
Net unrealized gains/(losses) on cash flow hedge derivative financial instruments
23,617

 
(9,392
)
 
14,225

 
$
(68,345
)
 
$
14,225

 
$
(54,120
)
 
 
 
 
 
 
 
 
 
 
 
 
Change in unrealized gains/(losses) on investment securities available-for-sale
(383,087
)
 
149,370

 
(233,717
)
 
 
 
 
 
 
Reclassification adjustment for net gains included in net income on non-OTTI securities(2)
(22,673
)
 
8,841

 
(13,832
)
 
 
 
 
 
 
Reclassification adjustment for net gains included in net income on OTTI securities(3)
63,630

 
(24,810
)
 
38,820

 
 
 
 
 
 
Total reclassification adjustment for net gains included in net income
40,957

 
(15,969
)
 
24,988

 
 
 
 
 
 
Net unrealized gains/(losses) on investment securities available-for-sale
(342,130
)
 
133,401

 
(208,729
)
 
96,085

 
(208,729
)
 
(112,644
)
 
 
 
 
 
 
 
 
 
 
 
 
Pension and post-retirement actuarial gain/(loss)
904

 
(355
)
 
549

 
(26,167
)
 
549

 
(25,618
)
 
 
 
 
 
 
 
 
 
 
 
 
As of June 30, 2013
$
(317,609
)
 
$
123,654

 
$
(193,955
)
 
$
1,573

 
$
(193,955
)
 
$
(192,382
)


NOTE 13. ACCUMULATED OTHER COMPREHENSIVE INCOME / (LOSS) (continued)

 
 
 
 
 
 
 
 
 
 
 
 
 
Total Other
Comprehensive Income/(Loss)
 
Total Accumulated
Other Comprehensive Income/(Loss)
 
For the Six-Month Period
Ended June 30, 2013
 
December 31, 2012
 
 
 
June 30, 2013
 
Pretax
Activity
 
Tax
Effect
 
Net Activity
 
Beginning
Balance
 
Net
Activity
 
Ending
Balance
Change in accumulated gains/(losses) on cash flow hedge derivative financial instruments
$
7,926

 
$
(3,194
)
 
$
4,732

 
 
 
 
 
 
Reclassification adjustment for net losses on cash flow hedge derivative financial instruments
34,561

 
(14,239
)
 
20,322

 
 
 
 
 
 
Net unrealized gains/(losses) on cash flow hedge derivative financial instruments
42,487

 
(17,433
)
 
25,054

 
$
(79,174
)
 
$
25,054

 
$
(54,120
)
 
 
 
 
 
 
 
 
 
 
 
 
Change in unrealized gains/(losses) on investment securities available-for-sale
(415,895
)
 
162,388

 
(253,507
)
 
 
 
 
 
 
Reclassification adjustment for net gains included in net income on non-OTTI securities(2)
(96,195
)
 
38,014

 
(58,181
)
 
 
 
 
 
 
Reclassification adjustment for net gains included in net income on OTTI securities(3)
63,630

 
(24,810
)
 
38,820

 
 
 
 
 
 
Total reclassification adjustment for net gains included in net income
(32,565
)
 
13,204

 
(19,361
)
 
 
 
 
 
 
Net unrealized gains/(losses) on investment securities available-for-sale
(448,460
)
 
175,592

 
(272,868
)
 
160,224

 
(272,868
)
 
(112,644
)
 
 
 
 
 
 
 
 
 
 
 
 
Pension and post-retirement actuarial gain/(loss)
1,808

 
(710
)
 
1,098

 
(26,716
)
 
1,098

 
(25,618
)
 
 
 
 
 
 
 
 
 
 
 
 
As of June 30, 2013
$
(404,165
)
 
$
157,449

 
$
(246,716
)
 
$
54,334

 
$
(246,716
)
 
$
(192,382
)