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Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
OPERATING ACTIVITIES:    
Net income $ 130,567 $ 103,629
Adjustments to reconcile net income to net cash used in operating activities:    
Provision for loan losses 27,977 56,509
Provision for depreciation and amortization 23,732 24,864
Amortization of investment security premiums, net 2,413 8,752
Investment securities (gains) losses, net(A) (3,283) [1] 3,005 [1]
Net gains on sales of loans held for sale (1,147) (2,466)
Originations of loans held for sale (28,631) (288,903)
Proceeds from sales of loans held for sale 51,297 146,747
Net increase in trading securities (374) (2,121)
Stock-based compensation 2,372 3,386
Increase in interest receivable (1,095) (512)
Decrease in interest payable (2,686) (3,829)
Increase in income taxes payable 5,594 7,598
Net tax benefit related to equity compensation plans (955) (1,026)
Other changes, net (10,912) 39,097
Net cash provided by operating activities 194,869 94,730
INVESTING ACTIVITIES:    
Proceeds from sales of investment securities(A) 11,202 [1] 64,087 [1]
Proceeds from maturities/pay downs of investment securities(A) 1,400,631 [1] 954,133 [1]
Purchases of investment securities(A) (1,809,501) [1] (1,040,529) [1]
Net decrease in loans 139,927 356,824
Long-term securities purchased under agreements to resell (500,000)  
Repayments of long-term securities purchased under agreements to resell 100,000  
Purchases of land, buildings and equipment (11,133) (9,395)
Sales of land, buildings and equipment 1,711 377
Net cash provided by (used in) investing activities (667,163) 325,497
FINANCING ACTIVITIES:    
Net increase in non-interest bearing, savings, interest checking and money market deposits 705,923 295,593
Net decrease in time open and C.D.'s (62,335) (25,649)
Net increase (decrease) in short-term federal funds purchased and securities sold under agreements to repurchase 299,643 (96,835)
Repayment of long-term borrowings (352) (372,065)
Net increase in short-term borrowings 8  
Purchases of treasury stock (18,341) (943)
Issuance of stock under stock purchase and equity compensation plans 13,363 5,671
Net tax benefit related to equity compensation plans 955 1,026
Cash dividends paid on common stock (40,110) (39,215)
Net cash provided by (used in) financing activities 898,754 (232,417)
Increase in cash and cash equivalents 426,460 187,810
Cash and cash equivalents at beginning of year 460,675 463,834
Cash and cash equivalents at June 30 887,135 651,644
(A) Available for sale and non-marketable securities    
Income tax net payments 54,661 38,182
Interest paid on deposits and borrowings 30,916 51,137
Loans transferred to foreclosed real estate $ 18,343 $ 8,982
[1] Available for sale and non-marketable securities