Equipment, Property and Improvements

12 Months Ended

Dec. 31, 2016

Property Plant And Equipment [Abstract]

NOTE 5 – EQUIPMENT, PROPERTY AND IMPROVEMENTS

The following table shows equipment, property and improvements as of December 31, 2016 and 2015:

	2016			2015
Land	$	25		$	25
Buildings and improvements		911			886
Equipment, furniture and fixtures		610			611
Equipment, property and improvements, at cost		1,546			1,522
Accumulated depreciation and amortization		(997	)		(963	)
Equipment, property and improvements, net	$	549		$	559

Depreciation and amortization expense on equipment, property and improvements of $82, $83 and $82 is included in the Consolidated Statements of Income within the communications and data processing and occupancy and equipment categories for the years ended December 31, 2016, 2015 and 2014, respectively.

The Partnership's capital expenditures were $73, $94 and $90 for the years ended 2016, 2015 and 2014, respectively. The capital expenditures in 2016 were primarily related to construction and facilities improvements at the north campus location in St. Louis and branch offices for technology support.

The Partnership has purchased Industrial Revenue Bonds issued by St. Louis County related to certain self-constructed and purchased real and personal property. This provides for potential property tax benefits over the life of the bonds (generally 10 years). The Partnership is therefore both the bondholder and the debtor/lessee for these properties. The Partnership has exercised its right to offset the amounts invested in and the obligations for these bonds and has therefore excluded any bond related balances in the Consolidated Statements of Financial Condition. The amount issued as of December 31, 2016 and 2015 was approximately $350 at both dates.