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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Dec. 31, 2011
Cash Flows from Operating Activities:      
Net income (loss) $ 72,987 $ (555,664)  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, accretion and amortization expense 29,701 36,850  
Provision for loan losses 25,000 40,000 120,000
Gains on securities transactions, net   (102,468)  
Loss on extinguishment of debt   1,172,092  
Share-based compensation, including committed ESOP shares 4,220 5,731  
Deferred tax expense (benefit) 27,541 (3,163)  
Decrease in accrued interest receivable 15,579 43,816  
Decrease (increase) in other assets 11,062 (359,512)  
Increase (decrease) in accrued expenses and other liabilities 11,849 (54,754)  
Net Cash Provided by Operating Activities 197,939 222,928  
Cash Flows from Investing Activities:      
Originations of loans (1,078,521) (1,398,408)  
Purchases of loans (4,240) (147,231)  
Principal payments on loans 1,643,543 2,080,773  
Principal collection of mortgage-backed securities held to maturity 260,413 606,678  
Principal collection of mortgage-backed securities available for sale 576,964 1,026,203  
Purchases of mortgage-backed securities available for sale (444,560) (3,237,757)  
Proceeds from sales of mortgage-backed securities available for sale   9,064,379  
Proceeds from maturities and calls of investment securities held to maturity 500,000    
Proceeds from sales of investment securities available for sale   82,475  
Purchases of investment securities available for sale (307,912)    
Purchases of Federal Home Loan Bank of New York stock   (13,500)  
Redemption of Federal Home Loan Bank of New York stock 40,500 81,000  
Purchases of premises and equipment, net (2,754) (2,300)  
Net proceeds from sale of foreclosed real estate 17,041 11,503  
Net Cash Provided by Investment Activities 1,200,474 8,153,815  
Cash Flows from Financing Activities:      
Net (decrease) increase in deposits (386,219) 287,953  
Proceeds from borrowed funds   6,500,000  
Principal payments on borrowed funds (900,000) (15,322,092)  
Dividends paid (39,660) (74,095)  
Purchases of treasury stock (427)    
Exercise of stock options 3,438    
Tax benefit from stock plans 1,063 89  
Net Cash Used in Financing Activities (1,321,805) (8,608,145)  
Net Increase (Decrease) in Cash and Cash Equivalents 76,608 (231,402)  
Cash and Cash Equivalents at Beginning of Year 754,080 669,397 669,397
Cash and Cash Equivalents at End of Period 830,688 437,995 754,080
Supplemental Disclosures:      
Interest paid 214,551 410,252  
Loans transferred to foreclosed real estate 16,150 15,794  
Income tax payments   8,900  
Income tax refunds $ (5,294)