XML 144 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
OPERATING ACTIVITIES    
Net income (loss) $ 242 $ 205
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Provision (credit) for loan and lease losses 6 55
Provision (credit) for losses on lending-related commitments (2) 3
Provision (credit) for losses on LIHTC guaranteed funds (6)  
Depreciation, amortization and accretion expense, net 52 44
Increase in cash surrender value of corporate-owned life insurance (24) (25)
Stock-based compensation expense 11 10
FDIC reimbursement (payments), net of FDIC expense (1) 7
Deferred income taxes (benefit) 40 32
Proceeds from sales of loans held for sale 611 1,287
Originations of loans held for sale, net of repayments (383) (1,075)
Net losses (gains) on sales of loans held for sale (15) (29)
Net losses (gains) from principal investing (24) (8)
Net losses (gains) and writedown on OREO 1 3
Net losses (gains) on leased equipment (14) (7)
Net losses (gains) on sales of fixed assets   3
Net decrease (increase) in trading account assets (102) (96)
Other operating activities, net (236) (178)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 156 231
INVESTING ACTIVITIES    
Net decrease (increase) in short-term investments 2,668 859
Purchases of securities available for sale (618) (2,755)
Proceeds from sales of securities available for sale   3
Proceeds from prepayments and maturities of securities available for sale 650 1,315
Proceeds from prepayments and maturities of held-to-maturity securities 180 210
Purchases of held-to-maturity securities (250)  
Purchases of other investments (17) (11)
Proceeds from sales of other investments 122 3
Proceeds from prepayments and maturities of other investments 2 20
Net decrease (increase) in loans, excluding acquisitions, sales and transfers (1,029) 136
Proceeds from sales of portfolio loans 21 57
Proceeds from corporate-owned life insurance 6 6
Purchases of premises, equipment, and software (11) (12)
Proceeds from sales of premises and equipment 1 8
Proceeds from sales of other real estate owned 5 5
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 1,730 (156)
FINANCING ACTIVITIES    
Net increase (decrease) in deposits, excluding acquisitions (1,996) (1,339)
Net increase (decrease) in short-term borrowings 4 433
Net proceeds from issuance of long-term debt 78 1,007
Payments on long-term debt (10) (30)
Repurchase of common shares (130) (65)
Net proceeds from issuance of common shares 15 8
Cash dividends paid (55) (52)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (2,094) (38)
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS (208) 37
CASH AND DUE FROM BANKS AT BEGINNING OF PERIOD 617 584
CASH AND DUE FROM BANKS AT END OF PERIOD 409 621
Additional disclosures relative to cash flows:    
Interest paid 103 110
Income taxes paid (refunded) 10 25
Noncash items:    
Secured borrowing less lease reductions 6  
Loans transferred to portfolio from held for sale 2 1
Loans transferred to held for sale from portfolio 5 20
Loans transferred to other real estate owned $ 3 $ 7