Transfer Agent and Registrar for Common Stock The transfer agent and registrar for our common stock is: Computershare Shareowner Services LLC 480 Washington Boulevard 29th Floor Jersey City, New Jersey 07310 Telephone: (877) 363-6398 Sales of Unregistered Securities Not applicable.
Repurchase of Equity Securities The following table provides information regarding our purchases of our equity securities during the period from October 1, 2013 to December 31, 2013.
## Table 0 ##
1 Includes shares of our common stock, par value $0.10 per share, withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares (the “Withheld Shares”).
We repurchased 1,067 Withheld shares in October 2013.
No Withheld Shares were purchased in November or December of 2013.2 The average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our stock repurchase program, described in Note 6 to the Consolidated Financial Statements, by the sum of the number of Withheld Shares and the number of shares acquired in our stock repurchase program.3 In February 2013, the Board authorized a new share repurchase program to repurchase from time to time up to $300.0 million, excluding fees, of our common stock (the “2013 share repurchase program”).
In March 2013, the Board authorized an increase in the amount available under our 2013 share repurchase program up to $500.0 million, excluding fees, of our common stock.
On February 14, 2014, we announced that our Board had approved a new share repurchase program to repurchase from time to time up to $300.0 million , excluding fees, of our common stock.
The new authorization is in addition to any amounts remaining available for repurchase under the 2013 share repurchase program.
There is no expiration date associated with the share repurchase programs.
dates and the lowering of interest rates and monthly payments.
The objective of the modifications was to increase loan repayments by customers and thereby reduce net charge-offs.
In accordance with GAAP, the modified loans are included in impaired loans for purposes of determining the level of the allowance for credit losses.
Information about modifications of loans that are considered troubled debt restructurings is included in note 4 of Notes to Financial Statements.
Residential real estate loans modified under specified loss mitigation programs prescribed by government guarantors have not been included in renegotiated loans because the loan guarantee remains in full force and, accordingly, the Company has not granted a concession with respect to the ultimate collection of the original loan balance.
Such loans totaled $149 million and $206 million at December 31, 2014 and December 31, 2013, respectively.
Charge-offs of commercial loans and leases, net of recoveries, were $37 million in 2014, $98 million in 2013 and $30 million in 2012.
Reflected in net charge-offs of commercial loans and leases in 2013 were $49 million of charge-offs for a relationship with a motor vehicle-related parts wholesaler.
Commercial loans and leases in nonaccrual status aggregated $177 million at December 31, 2014, $111 million at December 31, 2013 and $152 million at December 31, 2012.
The increase in such loans from the 2013 yearend to December 31, 2014 was not concentrated in any particular industry group and no individual borrower relationship exceeded $14 million of the increase in nonaccrual commercial loans and leases.
Net charge-offs of commercial real estate loans during 2014, 2013 and 2012 totaled $3 million, $12 million and $36 million, respectively.
Reflected in such charge-offs in 2014 and 2013 were net recoveries of $2 million and $12 million, respectively, of loans to residential real estate builders and developers, compared with net charge-offs of $23 million in 2012.
Commercial real estate loans classified as nonaccrual aggregated $239 million at December 31, 2014, compared with $305 million at December 31, 2013 and $412 million at December 31, 2012.
The decline in such nonaccrual loans as compared with December 31, 2013 was due, in part, to improving economic conditions and reflected lower loans in nonaccrual status to residential builders and developers.
The decrease in nonaccrual commercial real estate loans from December 31, 2012 to the 2013 year-end was predominantly due to lower nonaccrual loans to residential builders and developers.
At December 31, 2014 and 2013, commercial real estate loans to residential builders and developers classified as nonaccrual aggregated $72 million and $96 million, respectively, compared with $182 million at December 31, 2012.
Information about the location of nonaccrual and charged-off loans to residential real estate builders and developers as of and for the year ended December 31, 2014 is presented in table 13.
Table 13 RESIDENTIAL BUILDER AND DEVELOPER LOANS, NET OF UNEARNED DISCOUNT
## Table 1 ##
(a) Includes approximately $26 million of loans not secured by real estate, of which approximately $2 million are in nonaccrual status.
Net charge-offs of residential real estate loans totaled $13 million in each of 2014 and 2013 and $38 million in 2012.
The lower net charge-offs of such loans in 2014 and 2013 as compared with 2012 reflect lower Alt-A loan charge-offs and generally improved economic conditions and residential real estate valuations.
Residential real estate loans in nonaccrual status at December 31, 2014 totaled $258 million, compared with $334 million and $345 million at December 31, 2013 and 2012, respectively.
The decrease in
Information about the fair values of derivative instruments in the Company’s consolidated balance sheet and consolidated statement of income follows:
## Table 2 ##
(a) Asset derivatives are reported in other assets and liability derivatives are reported in other liabilities.
(b) Asset derivatives are reported in trading account assets and liability derivatives are reported in other liabilities.
## Table 3 ##
(a) Reported as other revenues from operations.
(b) Reported as trading account and foreign exchange gains.
In addition, the Company also has commitments to sell and commitments to originate residential and commercial real estate loans that are considered derivatives.
The Company designates certain of the commitments to sell real estate loans as fair value hedges of real estate loans held for sale.
The Company also utilizes commitments to sell real estate loans to offset the exposure to changes in the fair value of certain commitments to originate real estate loans for sale.
As a result of these activities, net unrealized pre-tax gains related to hedged loans held for sale, commitments to originate loans for sale and commitments to sell loans

<table><tr><td></td><td>Total Number ofShares (or Units)Purchased<sup>1</sup></td><td>Average Price Paidper Share (or Unit)<sup>2</sup></td><td>Total Number ofShares (or Units)Purchased as Part ofPublicly AnnouncedPlans or Programs<sup>3</sup></td><td>Maximum Number (or Approximate Dollar Value)of Shares (or Units) that MayYet Be Purchased Under thePlans or Programs<sup>3</sup></td></tr><tr><td>October 1 - 31</td><td>3,351,759</td><td>$16.63</td><td>3,350,692</td><td>$263,702,132</td></tr><tr><td>November 1 - 30</td><td>5,202,219</td><td>$17.00</td><td>5,202,219</td><td>$175,284,073</td></tr><tr><td>December 1 - 31</td><td>3,323,728</td><td>$17.07</td><td>3,323,728</td><td>$118,560,581</td></tr><tr><td>Total</td><td>11,877,706</td><td>$16.91</td><td>11,876,639</td><td></td></tr></table>
<table><tr><td></td><td colspan="3">December 31, 2014</td><td colspan="2" rowspan="2"Year Ended December 31, 2014 Net Charge-offs (Recoveries)></td></tr><tr><td></td><td></td><td colspan="2">Nonaccrual</td></tr><tr><td></td><td> Outstanding Balances(a)</td><td> Balances</td><td>Percent of Outstanding Balances</td><td>Balances</td><td>Percent of Average Outstanding Balances</td></tr><tr><td></td><td colspan="5">(Dollars in thousands)</td></tr><tr><td>New York</td><td>$590,093</td><td>$8,435</td><td>1.43%</td><td>$140</td><td>.03%</td></tr><tr><td>Pennsylvania</td><td>133,459</td><td>38,255</td><td>28.66</td><td>-80</td><td>-.06</td></tr><tr><td>Mid-Atlantic</td><td>409,882</td><td>12,389</td><td>3.02</td><td>-2,108</td><td>-.45</td></tr><tr><td>Other</td><td>357,910</td><td>15,370</td><td>4.29</td><td>-144</td><td>-.05</td></tr><tr><td>Total</td><td>$1,491,344</td><td>$74,449</td><td>4.99%</td><td>$-2,192</td><td>-.16%</td></tr></table>
<table><tr><td></td><td colspan="2"> Asset Derivatives Fair Value December 31</td><td colspan="2"> Liability Derivatives Fair Value December 31</td></tr><tr><td></td><td> 2014</td><td> 2013</td><td> 2014</td><td> 2013</td></tr><tr><td></td><td colspan="4"> (In thousands)</td></tr><tr><td> Derivatives designated and qualifying as hedging instruments</td><td></td><td></td><td></td><td></td></tr><tr><td>Fair value hedges:</td><td></td><td></td><td></td><td></td></tr><tr><td>Interest rate swap agreements(a)</td><td>$73,251</td><td>$102,875</td><td>$—</td><td>$—</td></tr><tr><td>Commitments to sell real estate loans(a)</td><td>728</td><td>6,957</td><td>4,217</td><td>487</td></tr><tr><td></td><td>73,979</td><td>109,832</td><td>4,217</td><td>487</td></tr><tr><td> Derivatives not designated and qualifying as hedging instruments</td><td></td><td></td><td></td><td></td></tr><tr><td>Mortgage-related commitments to originate real estate loans for sale(a)</td><td>17,396</td><td>7,616</td><td>49</td><td>3,675</td></tr><tr><td>Commitments to sell real estate loans(a)</td><td>754</td><td>6,120</td><td>4,330</td><td>230</td></tr><tr><td>Trading:</td><td></td><td></td><td></td><td></td></tr><tr><td>Interest rate contracts(b)</td><td>215,614</td><td>274,864</td><td>173,513</td><td>234,455</td></tr><tr><td>Foreign exchange and other option and futures contracts(b)</td><td>31,112</td><td>15,831</td><td>29,950</td><td>15,342</td></tr><tr><td></td><td>264,876</td><td>304,431</td><td>207,842</td><td>253,702</td></tr><tr><td>Total derivatives</td><td>$338,855</td><td>$414,263</td><td>$212,059</td><td>$254,189</td></tr></table>
<table><tr><td></td><td colspan="6"> Amount of Unrealized Gain (Loss) Recognized</td></tr><tr><td></td><td colspan="2"> Year Ended December 31, 2014</td><td colspan="2"> Year Ended December 31, 2013</td><td colspan="2"> Year Ended December 31, 2012</td></tr><tr><td></td><td>Derivative</td><td> Hedged Item</td><td>Derivative</td><td> Hedged Item</td><td>Derivative</td><td> Hedged Item</td></tr><tr><td></td><td colspan="6"> (In thousands)</td></tr><tr><td> Derivatives in fair value hedging relationships</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest rate swap agreements:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Fixed rate long-term borrowings(a)</td><td>$-29,624</td><td>$28,870</td><td>$-40,304</td><td>$38,986</td><td>$-4,123</td><td>$3,724</td></tr><tr><td> Derivatives not designated as hedging instruments</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Trading:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest rate contracts(b)</td><td>$3,398</td><td></td><td>$9,824</td><td></td><td>$8,004</td><td></td></tr><tr><td>Foreign exchange and other option and futures contracts(b)</td><td>-6,719</td><td></td><td>-3,369</td><td></td><td>-3,970</td><td></td></tr><tr><td>Total</td><td>$-3,321</td><td></td><td>$6,455</td><td></td><td>$4,034</td><td></td></tr></table>

Question: Which year does total Asset Derivatives Fair Value rank higher?
Answer: 2013