DERIVATIVES (Tables)

6 Months Ended

Jun. 30, 2014

Derivative [Line Items]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The following Condensed Consolidated Statement of Operations line items were impacted by the Company’s derivative activities for the three-month and six-month periods endedJune 30, 2014 and 2013, respectively:

		Three-Month Period Ended June 30,				Six-Month Period Ended June 30,
Derivative Activity	Accounts	2014		2013		2014		2013
		(in thousands)
Fair value hedges:
Cross-currency swaps	Miscellaneous income	1,454		(7	)	773		1,739
Interest rate swaps	Miscellaneous income	(1,488	)	—		(753	)	—
Cash flow hedges:
Pay fixed-receive variable interest rate swaps	Net interest income	(13,782	)	(17,578	)	(27,467	)	(35,311	)
Other derivative activities:
Forward commitments to sell loans	Mortgage banking income	(3,243	)	40,616		(5,252	)	40,360
Interest rate lock commitments	Mortgage banking income	2,364		(21,148	)	3,545		(24,868	)
Mortgage servicing rights	Mortgage banking income	2,629		51		(5,132	)	870
Customer related derivatives	Miscellaneous income	3,548		7,155		3,661		9,544
Foreign exchange	Miscellaneous income	419		(632	)	(492	)	(1,702	)
SCUSA derivatives	Miscellaneous income	5,114		—		18,139		—
	Net interest income	(2,141	)	—		(3,980	)	—
Other	Miscellaneous income	(661	)	—		(1,309	)	—
	Net interest income	—		(2,418	)	—		(3,121	)
	Non-interest income	—		(15,508	)	—		(15,508	)

Offsetting Assets

Information about financial assets and liabilities that are eligible for offset on the Condensed Consolidated Balance Sheet as of June 30, 2014 and December 31, 2013, respectively, is presented in the following tables:

	Offsetting of Financial Assets
							Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Condensed Consolidated Balance Sheet		Net Amounts of Assets Presented in the Condensed Consolidated Balance Sheet		Financial Instruments		Cash Collateral Received		Net Amount
	(in thousands)
June 30, 2014
Fair value hedges	$	855	$	—	$	855	$	—	$	—	$	855
Cash flow hedges	2,102		—		2,102		—		—		2,102
Other derivative activities(1)	275,776		31,084		244,692		10,040		2,420		232,232
Total derivatives subject to a master netting arrangement or similar arrangement	278,733		31,084		247,649		10,040		2,420		235,189
Total derivatives not subject to a master netting arrangement or similar arrangement(2)	4,092		—		4,092		—		—		4,092
Total Derivatives Assets	$	282,825	$	31,084	$	251,741	$	10,040	$	2,420	$	239,281
Total Financial Assets	$	282,825	$	31,084	$	251,741	$	10,040	$	2,420	$	239,281
December 31, 2013
Fair value hedges	$	1,073	$	—	$	1,073	$	—	$	—	$	1,073
Cash flow hedges	4,803		—		4,803		—		—		4,803
Other derivative activities(1)	249,619		34,394		215,225		3,992		47,706		163,527
Total derivatives subject to a master netting arrangement or similar arrangement	255,495		34,394		221,101		3,992		47,706		169,403
Total derivatives not subject to a master netting arrangement or similar arrangement(2)	1,390		—		1,390		—		—		1,390
Total Derivatives Assets	$	256,885	$	34,394	$	222,491	$	3,992	$	47,706	$	170,793
Total Financial Assets	$	256,885	$	34,394	$	222,491	$	3,992	$	47,706	$	170,793

(1) Includes customer-related and other derivatives

(2) Includes mortgage banking derivatives

Offsetting Liabilities

	Offsetting of Financial Liabilities
							Gross Amounts Not Offset in the Condensed Consolidated Balance Sheet
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Condensed Consolidated Balance Sheet		Net Amounts of Liabilities Presented in the Condensed Consolidated Balance Sheet		Financial Instruments		Cash Collateral Pledged		Net Amount
	(in thousands)
June 30, 2014
Fair value hedges	$	2,303	$	—	$	2,303	$	—	$	703	$	1,600
Cash flow hedges	68,521		—		68,521		25,246		36,945		6,330
Other derivative activities(1)	247,788		31,084		216,704		58,018		143,688		14,998
Total derivatives subject to a master netting arrangement or similar arrangement	318,612		31,084		287,528		83,264		181,336		22,928
Total derivatives not subject to a master netting arrangement or similar arrangement(2)	139		—		139		—		—		139
Total Derivatives Liabilities	$	318,751	$	31,084	$	287,667	$	83,264	$	181,336	$	23,067
Total Financial Liabilities	$	318,751	$	31,084	$	287,667	$	83,264	$	181,336	$	23,067
December 31, 2013
Fair value hedges	$	1,924	$	—	$	1,924	$	—	$	1,311	$	613
Cash flow hedges	58,381		—		58,381		34,881		40,817		(17,317		)
Other derivative activities(1)	213,400		34,394		179,006		102,402		37,538		39,066
Total derivatives subject to a master netting arrangement or similar arrangement	273,705		34,394		239,311		137,283		79,666		22,362
Total derivatives not subject to a master netting arrangement or similar arrangement(2)	—		—		—		—		—		—
Total Derivatives Liabilities	$	273,705	$	34,394	$	239,311	$	137,283	$	79,666	$	22,362
Total Financial Liabilities	$	273,705	$	34,394	$	239,311	$	137,283	$	79,666	$	22,362

(1) Includes customer-related and other derivatives

(2) Includes mortgage banking derivatives

Designated as hedging instrument [Member]

Derivative [Line Items]

Schedule of Derivative Instruments

Derivatives designated as accounting hedges at June 30, 2014 and December 31, 2013 included:

	Notional Amount		Asset		Liability		Weighted Average Receive Rate		Weighted Average Pay Rate		Weighted Average Life (Years)
	(dollars in thousands)
June 30, 2014
Fair value hedges:
Cross-currency swaps	$	20,540	$	843	$	1,538	4.76	%	4.75	%	1.61
Interest rate swaps	190,000		12		765		0.89	%	2.36	%	4.68
Cash flow hedges:
Pay fixed — receive floating interest rate swaps	9,024,501		2,102		44,281		0.10	%	0.49	%	2.27
Total	$	9,235,041	$	2,957	$	46,584	0.13	%	0.54	%	2.32
December 31, 2013
Fair Value hedges:
Cross-currency swaps	$	19,995	$	1,073	$	1,924	4.76	%	4.75	%	2.11
Cash flow hedges:
Pay fixed — receive floating interest rate swaps	2,700,312		4,803		58,381		0.24	%	2.46	%	1.89
Total	$	2,720,307	$	5,876	$	60,305	0.27	%	2.47	%	1.90

Not designated as hedging instrument [Member]

Derivative [Line Items]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

Other derivative activities at June 30, 2014 and December 31, 2013 included:

	Notional				Asset derivatives Fair value				Liability derivatives Fair value
	June 30, 2014		December 31, 2013(1)		June 30, 2014		December 31, 2013(1)		June 30, 2014		December 31, 2013(1)
	(in thousands)
Mortgage banking derivatives:
Forward commitments to sell loans	$	332,869	$	169,608	$	—	$	2,101	$	3,151	$	—
Interest rate lock commitments	218,784		75,787		4,092		547		—		—
Mortgage servicing rights	245,000		245,000		722		6,155		188		488
Total mortgage banking risk management	796,653		490,395		4,814		8,803		3,339		488
Customer related derivatives:
Swaps receive fixed	6,688,484		5,665,350		191,759		166,871		7,666		28,561
Swaps pay fixed	6,673,094		5,661,555		20,334		54,693		174,726		166,473
Other	1,292,987		1,385,904		2,825		4,247		2,232		3,635
Total customer related derivatives	14,654,565		12,712,809		214,918		225,811		184,624		198,669
Other derivative activities:
Foreign exchange contracts	1,193,297		1,253,395		7,593		11,631		6,199		9,745
Interest rate swap agreements	3,168,861		—		—		—		24,240		—
Interest rate cap agreements	6,398,207		—		46,631		—		—		—
Options for interest rate cap agreements	6,398,207		—		—		—		46,677		—
Other	642,727		291,437		5,912		4,764		7,088		4,496
Total	$	33,252,517	$	14,748,036	$	279,868	$	251,009	$	272,167	$	213,398