Subsequent Event

12 Months Ended

Dec. 31, 2015

Subsequent Events [Abstract]

Subsequent Events [Text Block]

SUBSEQUENT EVENTS

As disclosed on February 16, 2016, the Corporation's previously reported results for the fourth quarter and full year 2015 were reduced by $14 million ($22 million, pre-tax) for recently discovered irregularities with a single customer loan relationship in the Retail Bank. The Corporation increased its provision for credit losses and recorded a charge-off for $25 million, and decreased incentive compensation expense by approximately $3 million based on the revised results. The results reported in this Annual Report reflect the impact of this event.

Subsequent to December 31, 2015, oil and gas prices dropped significantly. The allowance for loan losses allocation for energy and energy-related loans was based upon energy prices and conditions in existence at the balance sheet date.