XML 54 R9.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
OPERATING ACTIVITIES    
Net income $ 619 $ 668
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 211 247
Originations of mortgage loans held for sale (1,836) (1,131)
Proceeds from sales of mortgage loans held for sale 1,780 1,089
Purchases of commercial loans held for sale (887) 0
Proceeds from sales of commercial loans held for sale 826 0
Amortization of terminated cash flow hedges (related party balances of $13 and $13, respectively) 13 36
Depreciation, amortization and accretion 350 313
Mortgage servicing rights valuation recovery (6) (8)
Securities impairment 5 7
Deferred income taxes 76 31
Share-based compensation 22 29
Loss on disposal/impairment of premises and equipment 0 18
Loss on sale of other branch assets held for sale 0 9
Gain on sales of:    
Debt securities (19) (27)
Marketable equity securities available for sale (3) 0
Premises and equipment (9) 0
Other loans held for sale 0 (11)
Deposits held for sale 0 (286)
Increase in other assets (related party balances of ($99) and $53, respectively) (306) (2,033)
(Decrease) increase in other liabilities (related party balances of ($112) and ($151), respectively) (5) 2,256
Net cash provided by operating activities 831 1,207
INVESTING ACTIVITIES    
Purchases of securities available for sale (5,418) (5,642)
Proceeds from maturities and paydowns of securities available for sale 2,660 2,238
Proceeds from sales of securities available for sale 3,180 1,265
Purchases of securities held to maturity (811) (1,174)
Proceeds from maturities and paydowns of securities held to maturity 610 216
Proceeds from sales of securities held to maturity 73 0
Purchases of other investment securities, at fair value (109) (97)
Proceeds from sales of other investment securities, at fair value 92 90
Purchases of other investment securities, at cost (33) (72)
Proceeds from sales of other investment securities, at cost 78 114
Net decrease (increase) in interest-bearing deposits in banks 7 (59)
Net increase in loans and leases (4,315) (4,120)
Net increase in bank-owned life insurance (26) (31)
Premises and equipment:    
Purchases (54) (48)
Proceeds from sales 12 29
Capitalization of software (142) (116)
Net cash used in investing activities (4,196) (7,407)
FINANCING ACTIVITIES    
Net increase in deposits 6,159 1,569
Net (decrease) increase in federal funds purchased and securities sold under agreements to repurchase (2,983) 393
Net (decrease) increase in other short-term borrowed funds (1,152) 4,462
Proceeds from issuance of long-term borrowed funds (related party balances of $0 and $666, respectively) 250 666
Repayments of long-term borrowed funds (8) (7)
Treasury stock purchased (500) 0
Net proceeds from issuance of preferred stock 247 0
Dividends declared and paid to common stockholders (90) 0
Dividends declared and paid to RBS (71) (751)
Dividends declared and paid to preferred stockholders (7) 0
Net cash provided by financing activities 1,845 6,332
(Decrease) increase in cash and cash equivalents (1,520) 132
Cash and cash equivalents at beginning of period 3,276 2,757
Cash and cash equivalents at end of period $ 1,756 $ 2,889