Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2015

Premises and Equipment and Other Assets

Premises and Equipment at Carried Cost, Less Accumulated Depreciation and Amortization

Premises and equipment are carried at cost, less accumulated depreciation and amortization. As of December 31, 2015 and 2014, the amounts were as follows:

	December 31,
	2015							2014
(Dollars in millions)	Cost		Accumulated Depreciation and Amortization			Net Book Value		Cost		Accumulated Depreciation and Amortization			Net Book Value
Land	$	140	$	—		$	140	$	148	$	—		$	148
Premises	598		(342		)	256		601		(334		)	267
Leasehold improvements	331		(236		)	95		301		(230		)	71
Furniture, fixtures and equipment	671		(554		)	117		682		(547		)	135
Total	$	1,740	$	(1,132	)	$	608	$	1,732	$	(1,111	)	$	621

Rental, Depreciation and Amortization Expenses

Rental, depreciation and amortization expenses were as follows:

	For the Years Ended December 31,
(Dollars in millions)	2015		2014		2013
Rental expense of premises	$	129	$	113	$	111
Less: rental income	24		10		9
Net rental expense	$	105	$	103	$	102
Depreciation and amortization of premises and equipment	$	96	$	103	$	110

Future Minimum Lease Payments

Future minimum lease payments at December 31, 2015 were as follows:

(Dollars in millions)	2015
Years ending December 31,:
2016	$	128
2017	120
2018	110
2019	95
2020	83
Thereafter	443
Total minimum lease payments	$	979
Minimum rental income due in the future under subleases	$	106

Schedule of other assets

The following table shows the balances of other assets as of December 31, 2015 and 2014.

(Dollars in millions)	December 31, 2015		December 31, 2014
Other investments	$	2,953	$	2,695
Software	364		275
Intangible assets	206		240
OREO	31		36
Other	1,823		1,384
Total other assets	$	5,377	$	4,630