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COMMITMENTS, CONTINGENCIES, AND GUARANTEES (Tables)
6 Months Ended
Jun. 30, 2014
Commitments [Line Items]  
Schedule of Commitments Amount
The following table details the amount of commitments at the dates indicated:
Other Commitments
 
June 30, 2014
 
December 31, 2013
 
 
 
(in thousands)
 
Commitments to extend credit
 
$
25,597,804

 
$
23,651,791

 
Unsecured revolving lines of credit
 
2,106,144

 
815,573

 
Letters of credit
 
2,294,285

 
2,116,227

 
Recourse and credit enhancement exposure on sold loans
 
178,089

 
184,584

 
Commitments to sell loans
 
67,364

 
3,810

 
Total commitments
 
$
30,243,686

 
$
26,771,985

 
Schedule of Representation and Warranty Reserve Activity
The table below represents the activity in the representation and warranty reserve for the dates indicated.
 
 
Three-Month Period
Ended June 30,
 
Six-Month Period
Ended June 30,
 
 
 
2014
 
2013
 
2014
 
2013
 
 
 
(in thousands)
 
Beginning Balance
 
$
50,515

 
$
50,707

 
$
54,836

 
$
50,662

 
Additions(1)
 
(7,772
)
 
8,970

 
(7,579
)
 
15,793

 
Reductions
 
(1,881
)
 
(3,456
)
 
(6,395
)
 
(10,234
)
 
Ending Balance
 
$
40,862

 
$
56,221

 
$
40,862

 
$
56,221

 
(1) - Includes the $8.0 million reduction in the representation and warranty liability.
 
Commitments to extend credit [Member]
 
Commitments [Line Items]  
Schedule of Commitments, by Maturities
The following table details the amount of commitments to extend credit expiring per period as of the dates indicated:
 
 
June 30, 2014
 
December 31, 2013
 
 
(in thousands)
One year or less
 
$
4,923,076

 
$
5,163,591

Over 1 year to 3 years
 
5,723,115

 
5,716,759

Over 3 years to 5 years
 
8,599,286

 
6,457,992

Over 5 years
 
6,352,327

 
6,313,449

Total
 
$
25,597,804

 
$
23,651,791

Letters of credit [Member]
 
Commitments [Line Items]  
Schedule of Commitments, by Maturities
The following table details the amount of letters of credit expiring per period as of the dates indicated:
 
 
June 30, 2014
 
December 31, 2013
 
 
(in thousands)
One year or less
 
$
1,662,827

 
$
1,680,277

Over 1 year to 3 years
 
342,639

 
333,769

Over 3 years to 5 years
 
282,714

 
96,558

Over 5 years
 
6,105

 
5,623

Total
 
$
2,294,285

 
$
2,116,227