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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows from Operating Activities:  
Net (loss) income$ (375,453)$ 416,045
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation, accretion and amortization expense97,20673,287
Provision for loan losses95,000150,000
Gains on securities transactions, net(102,468)(92,411)
Loss on extinguishment of debt1,172,092 
Share-based compensation, including committed ESOP shares15,44720,507
Deferred tax benefit(134,560)(42,386)
Decrease in accrued interest receivable80,64730,485
(Increase) decrease in other assets(54,219)27,185
Decrease in accrued expenses and other liabilities(44,542)(20,538)
Net Cash Provided by Operating Activities749,150562,174
Cash Flows from Investing Activities:  
Originations of loans(3,752,551)(4,278,071)
Purchases of loans(338,594)(580,145)
Principal payments on loans4,847,8184,744,510
Principal collection of mortgage-backed securities held to maturity1,373,3553,340,264
Purchases of mortgage-backed securities held to maturity (172,434)
Principal collection of mortgage-backed securities available for sale2,200,2553,022,528
Purchases of mortgage-backed securities available for sale(3,591,347)(8,705,622)
Proceeds from sales of mortgage-backed securities available for sale9,064,3791,992,002
Proceeds from maturities and calls of investment securities held to maturity2,300,0005,049,235
Purchases of investment securities held to maturity (5,902,176)
Proceeds from maturities and calls of investment securities available for sale 1,025,000
Proceeds from sales of investment securities available for sale82,475 
Purchases of Federal Home Loan Bank of New York stock(16,624)(8,422)
Redemption of Federal Home Loan Bank of New York stock162,0004,500
Purchases of premises and equipment, net(6,805)(6,860)
Net proceeds from sale of foreclosed real estate39,58319,753
Net Cash Provided by (Used in) Investment Activities12,363,944(455,938)
Cash Flows from Financing Activities:  
Net increase in deposits248,293336,573
Proceeds from borrowed funds6,500,000 
Payments on borrowed funds(17,122,092)(150,000)
Dividends paid(153,114)(221,817)
Purchases of treasury stock(163)(464)
Exercise of stock options3,065958
Tax benefit from stock plans1,749406
Net Cash (Used in) Provided by Financing Activities(10,522,262)(34,344)
Net Increase in Cash and Cash Equivalents2,590,83271,892
Cash and Cash Equivalents at Beginning of Year669,397561,201
Cash and Cash Equivalents at End of Period3,260,229633,093
Supplemental Disclosures:  
Interest paid963,8051,194,875
Loans transferred to foreclosed real estate51,89156,533
Income tax payments$ 17,146$ 360,058