PARENT COMPANY ONLY FINANCIALS (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Statements of Operations

Condensed Statements of Operations

	Year Ended December 31,
(in millions)	2014			2013			2012
OPERATING INCOME:
Income from bank subsidiaries and associated banks, excluding equity in undistributed income:
Dividends		$595			$210			$175
Interest	29			13			13
Management and service fees	21			26			42
Securities gains	—			—			1
All other operating income	5			2			4
Total operating income	650			251			235
OPERATING EXPENSE:
Salaries and employee benefits	63			38			52
Interest expense	80			24			4
All other expenses	123			43			39
Total operating expense	266			105			95
Income before taxes and undistributed income	384			146			140
Applicable income taxes	(77		)	(22		)	(9		)
Income before undistributed income of subsidiaries and associated companies	461			168			149
Equity in undistributed income (losses) of subsidiaries and associated companies:
Bank	402			(3,595		)	501
Nonbank	2			1			(7		)
Net income (loss)		$865			($3,426	)		$643
Other comprehensive income (loss), net of income taxes:
Net pension plan activity arising during the period		$8			$17			($7	)
Net unrealized derivative instrument gains arising during the period	—			1			—
Net unrealized securities gains arising during the period	1			—			—
Other comprehensive income (loss) activity of the Parent Company Only, net of income taxes	9			18			(7		)
Other comprehensive income (loss) activity of Bank subsidiaries, net of income taxes	267			(354		)	223
Total other comprehensive income (loss), net of income taxes	276			(336		)	216
Total comprehensive income (loss)		$1,141			($3,762	)		$859

Condensed Balance Sheets

Condensed Balance Sheets

(in millions)	December 31, 2014		December 31, 2013
ASSETS:
Cash and due from banks		$280		$494
Loans and advances to:
Bank subsidiaries	1,685		459
Related bank holding companies	—		1
Investments in subsidiaries:
Bank subsidiaries	19,512		19,522
Nonbank subsidiaries	72		73
Other assets	214		178
TOTAL ASSETS		$21,763		$20,727
LIABILITIES:
Long-term debt due to:
Unaffiliated companies		$350		$350
Related bank holding companies	2,000		1,000
Balances due to related bank holding companies	2		—
Other liabilities	143		181
TOTAL LIABILITIES	2,495		1,531
TOTAL STOCKHOLDERS' EQUITY	19,268		19,196
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		$21,763		$20,727

Condensed Cash Flow Statements

Condensed Cash Flow Statements

	Year Ended December 31,
(in millions)	2014			2013			2012
OPERATING ACTIVITIES
Net income (loss)		$865			($3,426	)		$643
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Deferred income taxes	27			(11		)	(12		)
Gain on sales of assets	—			—			(1		)
Equity in undistributed (earnings) losses of subsidiaries	(404		)	3,594			(494		)
Net change in other liabilities	18			7			47
Net change in other assets	(74		)	15			(20		)
Other operating, net	17			1			(2		)
Total adjustments	(416		)	3,606			(482		)
Net cash provided by operating activities	449			180			161
INVESTING ACTIVITIES
Proceeds from sales and maturities of securities available for sale	—			—			3
Payments for investments in and advances to subsidiaries	(1,470		)	(220		)	(800		)
Sale or repayment of investments in and advances to subsidiaries	945			315			1,164
Other investing, net	(11		)	(1		)	(1		)
Net cash (used) provided by investing activities	(536		)	94			366
FINANCING ACTIVITIES
Proceeds from advances from subsidiaries	—			—			5
Repayment of advances from subsidiaries	—			(289		)	(239		)
Proceeds from issuance of long-term debt	1,000			1,000			350
Proceeds from issuance of common stock	13			—			—
Repurchase of common stock	(334		)	—			—
Dividends paid	(806		)	(1,185		)	(150		)
Net cash used by financing activities	(127		)	(474		)	(34		)
Net (decrease) increase in cash and due from banks	(214		)	(200		)	493
Cash and due from banks at beginning of year	494			694			201
Cash and due from banks at end of year		$280			$494			$694