Condensed UnionBanCal Corporation Unconsolidated Financial Statements (Parent Company)

12 Months Ended

Dec. 31, 2011

Condensed UnionBanCal Corporation Unconsolidated Financial Statements (Parent Company) [Abstract]

Condensed UnionBanCal Corporation Unconsolidated Financial Statements (Parent Company)

Note 23—Condensed UnionBanCal Corporation Unconsolidated Financial Statements (Parent Company)

Condensed Balance Sheets

	December 31,
(Dollars in millions)	2011		2010
Assets
Cash and cash equivalents	$	252	$	292
Investment in subsidiaries		11,730		10,269
Other assets		—		1
Total assets	$	11,982	$	10,562
Liabilities and Stockholder’s Equity
Long-term debt	$	413	$	435
Other liabilities		7		2
Total liabilities		420		437
Stockholder’s equity		11,562		10,125
Total liabilities and stockholder’s equity	$	11,982	$	10,562

Condensed Statements of Income

	Years Ended December 31,
(Dollars in millions)	2011			2010			2009
Income:
Cash dividends from bank subsidiary	$	—		$	—		$	—
Cash dividends from nonbank subsidiaries		—			4			—
Interest income on advances to subsidiaries and deposits in bank		1			1			1
Total income		1			5			1
Expense:
Interest expense		13			10			8
Other expense		18			4			5
Total expense		31			14			13
Income (loss) before income taxes and equity in undistributed net income of subsidiaries		(30	)		(9	)		(12	)
Income tax benefit		(10	)		(5	)		(9	)
Income (loss) before equity in undistributed net income of subsidiaries		(20	)		(4	)		(3	)
Equity in undistributed net income (loss) of subsidiaries:
Bank subsidiary		799			550			(67	)
Nonbank subsidiaries		(1	)		27			5
Net Income (Loss)	$	778		$	573		$	(65	)

Condensed Statements of Cash Flows

	Years Ended December 31,
(Dollars in millions)	2011			2010			2009
Cash Flows from Operating Activities:
Net income (loss)	$	778		$	573		$	(65	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Equity in undistributed net income (loss) of subsidiaries		(798	)		(577	)		62
Other, net		(3	)		(8	)		43
Net cash provided by (used in) operating activities		(23	)		(12	)		40
Cash Flows from Investing Activities:
Investments in and advances to subsidiaries		(23	)		(34	)		(1,853	)
Repayment of advances to subsidiaries		20			29			8
Net cash used in investing activities		(3	)		(5	)		(1,845	)
Cash Flows from Financing Activities:
Repayment of junior subordinated debt		(14	)		—			—
Capital contribution from BTMU		—			—			2,000
Net cash provided by (used in) financing activities		(14	)		—			2,000
Net increase (decrease) in cash and cash equivalents		(40	)		(17	)		195
Cash and cash equivalents at beginning of year		292			309			114
Cash and cash equivalents at end of year	$	252		$	292		$	309