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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating Activities    
Net income (loss) $ 602 $ 182
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 281 915
Depreciation, amortization and accretion 215 206
Stock-based compensation expense 31 22
Provision for deferred income taxes (228) 62
Realized securities gains (15) (27)
Realized securities gains - non-qualifying hedges on mortgage servicing rights (5)  
Realized securities losses 1 6
Provision for mortgage servicing rights 27 106
Net gains on sales of loans and fair value adjustments on loans held for sale (59) (57)
Capitalized mortgage servicing rights (105) (101)
Proceeds from sales of loans held for sale 6,812 7,452
Loans originated for sale, net of repayments (5,700) (7,396)
Dividends representing return on equity method investments 7 11
Net change in:    
Trading securities 80 83
Other assets 125 210
Accrued taxes, interest and expenses 373 (202)
Other liabilities 452 (228)
Net Cash Provided by Operating Activities 2,894 1,244
Sales:    
Available-for-sale securities 935 1,088
Loans 201 112
Disposal of bank premises and equipment 1 5
Repayments / maturities:    
Available-for-sale securities 1,753 2,197
Held-to-maturity securities 8  
Purchases:    
Available-for-sale securities (2,689) (1,718)
Bank premises and equipment (119) (91)
Restricted cash from the initial consolidation of variable interest entities   63
Dividends representing return of equity method investments 9 3
Net change in:    
Other short-term investments 145 (946)
Loans and leases (1,501) 1,323
Operating lease equipment (34) (11)
Net Cash (Used in) Provided by Investing Activities (1,291) 2,025
Net change in:    
Core deposits (406) (854)
Certificates - $100,000 and over, including other foreign office (643) (1,323)
Federal funds purchased 124 58
Other short-term borrowings 1,128 19
Dividends paid on common shares (110) (16)
Dividends paid on preferred shares (33) (102)
Proceeds from issuance of long-term debt 1,463  
Repayment of long-term debt (858) (1,153)
Issuance of common shares 1,648  
Redemption of preferred shares, Series F (3,408)  
Redemption of stock warrant (280)  
Exercise of stock based awards (7)  
Net Cash Used In Financing Activities (1,382) (3,371)
Increase (Decrease) in Cash and Due from Banks 221 (102)
Cash and Due from Banks at Beginning of Period 2,159 [1] 2,318
Cash and Due from Banks at End of Period 2,380 [1] 2,216 [1]
Cash Payments    
Interest 342 503
Income taxes $ 21 $ 72
[1] Includes $42, $52, and $74 of cash, $7, $7 and $7 of other short-term investments, $29, $29 and $0 of commercial mortgage loans, $231, $241 and $252 of home equity loans, $424, $648 and $911 of automobile loans, ($11), ($14) and ($16) of ALLL, $4, $7 and $7 of other assets, $8, $12 and $19 of other liabilities and $365, $692 and $996 of long-term debt from consolidated VIEs that are included in their respective captions above at June 30, 2011, December 31, 2010 and June 30, 2010, respectively. See Note 8.