Parent Company Financial Statements (Tables)

12 Months Ended

Dec. 31, 2013

Parent Company Statement Of Financial Position [Abstract]

Parent company condensed balance sheets

Parent Company
Condensed Balance Sheets
December 31, 2013 and 2012
			December 31,
			2013		2012
			(Dollars in millions)
Assets:
	Cash and due from banks		$	―	$	4,239
	Interest-bearing deposits with banks			5,727		―
	AFS securities at fair value			26		27
	HTM securities at amortized cost			35		37
	Investment in banking subsidiaries			22,314		21,189
	Investment in other subsidiaries			1,281		1,837
	Advances to / receivables from banking subsidiaries			106		44
	Advances to / receivables from other subsidiaries			2,308		2,408
	Other assets			194		246
		Total assets	$	31,991	$	30,027
Liabilities and Shareholders' Equity:
	Short-term borrowed funds		$	24	$	37
	Short-term borrowed funds due to subsidiaries			50		―
	Dividends payable			―		170
	Accounts payable and other liabilities			76		30
	Long-term debt			9,032		8,567
		Total liabilities		9,182		8,804
		Total shareholders' equity		22,809		21,223
		Total liabilities and shareholders' equity	$	31,991	$	30,027

Parent company condensed income statements

Parent Company
Condensed Income Statements
Years Ended December 31, 2013, 2012 and 2011
			2013		2012		2011
			(Dollars in millions)
Income:
	Dividends from banking subsidiaries		$	1,220	$	1,720	$	620
	Dividends from other subsidiaries			79		81		278
	Interest and other income from subsidiaries			67		79		107
	Other income			14		1		8
		Total income		1,380		1,881		1,013
Expenses:
	Interest expense			219		239		334
	Other expenses			50		52		34
		Total expenses		269		291		368
Income before income taxes and equity in
	undistributed earnings of subsidiaries			1,111		1,590		645
Income tax benefit				2		20		26
Income before equity in undistributed earnings of subsidiaries				1,113		1,610		671
Equity in undistributed earnings of subsidiaries in excess of
	dividends from subsidiaries			616		418		661
Net income				1,729		2,028		1,332
Noncontrolling interests				50		49		43
Dividends on preferred stock				117		63		―
Net income available to common shareholders			$	1,562	$	1,916	$	1,289

Parent company statement of comprehensive income

Parent Company
Condensed Statements of Comprehensive Income
Years Ended December 31, 2013, 2012 and 2011
				2013		2012		2011
			(Dollars in millions)
Net Income			$	1,729	$	2,028	$	1,332
OCI, Net of Tax:
	Change in unrecognized pension and postretirement amounts			(4)		―		―
	Change in unrecognized gains (losses) on cash flow hedges			―		(2)		(1)
	Other, net			1		1		(8)
		Total OCI		(3)		(1)		(9)
		Total comprehensive income	$	1,726	$	2,027	$	1,323
Income Tax Effect of Items Included in OCI
	Change in unrecognized pension and postretirement amounts		$	(1)	$	―	$	―
	Change in unrecognized gains (losses) on cash flow hedges			―		(1)		―
	Other, net			―		―		(4)

Parent company condensed statements of cash flows

Parent Company
Condensed Statements of Cash Flows
Years Ended December 31, 2013, 2012 and 2011
.
				2013		2012		2011
				(Dollars in millions)
Cash Flows From Operating Activities:
	Net income			$	1,729	$	2,028	$	1,332
	Adjustments to reconcile net income to net cash provided by
		operating activities:
		Equity in earnings of subsidiaries in excess of dividends
			from subsidiaries		(616)		(418)		(661)
		Net change in other assets			95		265		63
		Net change in accounts payable and accrued liabilities			42		(71)		(3)
		Other, net			(79)		(228)		20
			Net cash from operating activities		1,171		1,576		751
Cash Flows From Investing Activities:
	Proceeds from sales, calls and maturities of AFS securities				24		26		49
	Purchases of AFS securities				(24)		(26)		(48)
	Proceeds from maturities, calls and paydowns of HTM securities				2		4		24
	Investment in subsidiaries				(4)		(30)		(12)
	Advances to subsidiaries				(5,815)		(10,785)		(20,306)
	Proceeds from repayment of advances to subsidiaries				5,898		11,325		22,637
	Net cash from business combinations				―		51		―
	Net cash from divestitures				9		―		―
		Net cash from investing activities			90		565		2,344
Cash Flows From Financing Activities:
	Net change in long-term debt				499		(2,764)		1,121
	Net change in short-term borrowed funds				(13)		(259)		(509)
	Net change in advances from subsidiaries				50		(72)		69
	Net proceeds from common stock issued				108		15		22
	Net proceeds from preferred stock issued				487		2,116		―
	Cash dividends paid on common and preferred stock				(912)		(564)		(446)
	Other, net				8		62		―
		Net cash from financing activities			227		(1,466)		257
Net Change in Cash and Cash Equivalents					1,488		675		3,352
Cash and Cash Equivalents at Beginning of Year					4,239		3,564		212
Cash and Cash Equivalents at End of Year				$	5,727	$	4,239	$	3,564