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Parent Company
12 Months Ended
Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Parent Company
Parent company
Parent company – Statements of income and comprehensive income
Year ended December 31,
(in millions)
 
2015

 
2014

 
2013

Income
 
 
 
 
 
 
Dividends from subsidiaries and affiliates:
 
 
 
 
 
 
Bank and bank holding company
 
$
10,653

 
$

 
$
1,175

Nonbank(a)
 
8,172

 
14,716

 
876

Interest income from subsidiaries
 
443

 
378

 
757

Other interest income
 
234

 
284

 
303

Other income from subsidiaries,
primarily fees:
 
 
 
 
 
 
Bank and bank holding company
 
1,438

 
779

 
318

Nonbank
 
(2,945
)
 
52

 
2,065

Other income/(loss)
 
3,316

 
508

 
(1,380
)
Total income
 
21,311

 
16,717

 
4,114

Expense
 
 
 
 
 
 
Interest expense to subsidiaries and affiliates(a)
 
98

 
169

 
309

Other interest expense
 
3,720

 
3,645

 
4,031

Other noninterest expense
 
2,611

 
827

 
9,597

Total expense
 
6,429

 
4,641

 
13,937

Income (loss) before income tax benefit and undistributed net income of subsidiaries
 
14,882

 
12,076

 
(9,823
)
Income tax benefit
 
1,640

 
1,430

 
4,301

Equity in undistributed net income of subsidiaries
 
7,920

 
8,239

 
23,408

Net income
 
$
24,442

 
$
21,745

 
$
17,886

Other comprehensive income, net
 
(1,997
)
 
990

 
(2,903
)
Comprehensive income
 
$
22,445

 
$
22,735

 
$
14,983

Parent company – Balance sheets
 
 
 
 
December 31, (in millions)
 
2015

 
2014

Assets
 
 
 
 
Cash and due from banks
 
$
74

 
$
211

Deposits with banking subsidiaries
 
65,799

 
95,884

Trading assets
 
13,830

 
18,222

Available-for-sale securities
 
3,154

 
3,321

Loans
 
1,887

 
2,260

Advances to, and receivables from, subsidiaries:
 
 
 
 
Bank and bank holding company
 
32,454

 
33,810

Nonbank
 
58,674

 
52,626

Investments (at equity) in subsidiaries and affiliates:
 
 
 
 
Bank and bank holding company
 
225,613

 
215,732

Nonbank(a)
 
34,205

 
41,173

Other assets
 
18,088

 
18,200

Total assets
 
$
453,778

 
$
481,439

Liabilities and stockholders’ equity
 
 
 
 
Borrowings from, and payables to, subsidiaries and affiliates(a)
 
$
11,310

 
$
17,381

Other borrowed funds, primarily commercial paper
 
3,722

 
49,586

Other liabilities
 
11,940

 
11,918

Long-term debt(b)(c)
 
179,233

 
170,827

Total liabilities(c)
 
206,205

 
249,712

Total stockholders’ equity
 
247,573

 
231,727

Total liabilities and stockholders’ equity
 
$
453,778

 
$
481,439

Parent company – Statements of cash flows
 
 
Year ended December 31,
(in millions)
 
2015

 
2014

 
2013

Operating activities
 
 
 
 
 
 
Net income
 
$
24,442

 
$
21,745

 
$
17,886

Less: Net income of subsidiaries and affiliates(a)
 
26,745

 
22,972

 
25,496

Parent company net loss
 
(2,303
)
 
(1,227
)
 
(7,610
)
Cash dividends from subsidiaries and affiliates(a)
 
17,023

 
14,714

 
1,917

Other operating adjustments
 
2,483

 
(1,681
)
 
3,217

Net cash provided by/(used in) operating activities
 
17,203

 
11,806

 
(2,476
)
Investing activities
 
 
 
 
 
 
Net change in:
 
 
 
 
 
 
Deposits with banking subsidiaries
 
30,085

 
(31,040
)
 
10,679

Available-for-sale securities:
 
 
 
 
 
 
Proceeds from paydowns and maturities
 
120

 
12,076

 
61

Purchases
 

 

 
(12,009
)
Other changes in loans, net
 
321

 
(319
)
 
(713
)
Advances to and investments in subsidiaries and affiliates, net
 
(81
)
 
3,306

 
14,469

All other investing activities, net
 
153

 
32

 
22

Net cash provided by/(used in) investing activities
 
30,598

 
(15,945
)
 
12,509

Financing activities
 
 
 
 
 
 
Net change in:
 
 
 
 
 
 
Borrowings from subsidiaries and affiliates(a)
 
(4,062
)
 
4,454

 
(2,715
)
Other borrowed funds
 
(47,483
)
 
(5,778
)
 
(7,297
)
Proceeds from the issuance of long-term debt
 
42,121

 
40,284

 
31,303

Payments of long-term debt
 
(30,077
)
 
(31,050
)
 
(21,510
)
Proceeds from issuance of preferred stock
 
5,893

 
8,847

 
3,873

Redemption of preferred stock
 

 

 
(1,800
)
Treasury stock and warrants repurchased
 
(5,616
)
 
(4,760
)
 
(4,789
)
Dividends paid
 
(7,873
)
 
(6,990
)
 
(6,056
)
All other financing activities, net
 
(840
)
 
(921
)
 
(994
)
Net cash provided by/(used in) financing activities
 
(47,937
)
 
4,086

 
(9,985
)
Net increase/(decrease) in cash and due from banks
 
(137
)
 
(53
)
 
48

Cash and due from banks at the beginning of the year, primarily with bank subsidiaries
 
211

 
264

 
216

Cash and due from banks at the end of the year, primarily with bank subsidiaries
 
$
74

 
$
211

 
$
264

Cash interest paid
 
$
3,873

 
$
3,921

 
$
4,409

Cash income taxes paid, net
 
8,251

 
200

 
2,390

(a)
Affiliates include trusts that issued guaranteed capital debt securities (“issuer trusts”). The Parent received dividends of $2 million, $2 million and $5 million from the issuer trusts in 2015, 2014 and 2013, respectively. For further discussion on these issuer trusts, see Note 21.
(b)
At December 31, 2015, long-term debt that contractually matures in 2016 through 2020 totaled $27.2 billion, $26.0 billion, $21.1 billion, $11.5 billion and $22.2 billion, respectively.
(c)
For information regarding the Parent’s guarantees of its subsidiaries’ obligations, see Notes 21 and 29.