INCOME TAXES	9 Months Ended
Sep. 30, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income Tax Provision The provision for income taxes was $115 million and $85 million for the three months ended September 30, 2015 and 2014, respectively, resulting in an effective tax rate of 34.1% and 30.8% for the three months ended September 30, 2015 and 2014, respectively. The provision for income taxes was $313 million and $317 million for the nine months ended September 30, 2015 and 2014, respectively, resulting in an effective tax rate of 33.5% and 32.2% for the nine months ended September 30, 2015 and 2014, respectively. For the nine months ended September 30, 2015 and 2014, the effective tax rate compared favorably to the statutory rate of 35% primarily as a result of the permanent benefits of tax credits and tax-exempt income. The effective income tax rate for the nine months ended September 30, 2015 reflected the adoption of ASU No. 2014-01, “Accounting for Investments in Qualified Affordable Housing Projects.” The application of this guidance resulted in the reclassification of the amortization of these investments to income tax expense from noninterest income. See Note 5 “Variable Interest Entities,” for further information. Deferred Tax Liability At September 30, 2015, the Company reported a net deferred tax liability of $637 million, compared to a $493 million liability as of December 31, 2014. The increase in the net deferred tax liability is primarily attributable to the tax effect of net unrealized gains on securities and derivatives arising during the period and the tax effect of current year timing adjustments.

INCOME TAXES

9 Months Ended

Sep. 30, 2015

Income Tax Provision

The provision for income taxes was $115 million and $85 million for the three months ended September 30, 2015 and 2014, respectively, resulting in an effective tax rate of 34.1% and 30.8% for the three months ended September 30, 2015 and 2014, respectively. The provision for income taxes was $313 million and $317 million for the nine months ended September 30, 2015 and 2014, respectively, resulting in an effective tax rate of 33.5% and 32.2% for the nine months ended September 30, 2015 and 2014, respectively. For the nine months ended September 30, 2015 and 2014, the effective tax rate compared favorably to the statutory rate of 35% primarily as a result of the permanent benefits of tax credits and tax-exempt income.

The effective income tax rate for the nine months ended September 30, 2015 reflected the adoption of ASU No. 2014-01, “Accounting for Investments in Qualified Affordable Housing Projects.” The application of this guidance resulted in the reclassification of the amortization of these investments to income tax expense from noninterest income. See Note 5 “Variable Interest Entities,” for further information.

Deferred Tax Liability

At September 30, 2015, the Company reported a net deferred tax liability of $637 million, compared to a $493 million liability as of December 31, 2014. The increase in the net deferred tax liability is primarily attributable to the tax effect of net unrealized gains on securities and derivatives arising during the period and the tax effect of current year timing adjustments.