Parent Company Financial Statements

12 Months Ended

Dec. 31, 2012

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

28. Parent Company financial statements

Condensed Statements of Income (Parent Company Only)
For the years ended December 31 ($ in millions)			2012	2011	2010
Income
Dividends from subsidiaries:
	Consolidated bank subsidiaries(a)	$	0	0	0
	Consolidated nonbank subsidiary		1,959	1,677	1,400
Interest on loans to subsidiaries			17	29	33
Total income			1,976	1,706	1,433
Expenses
Interest			215	216	188
Other			61	25	26
Total expenses			276	241	214
Income Before Income Taxes and Change in Undistributed
	Earnings of Subsidiaries		1,700	1,465	1,219
Applicable income tax benefit			96	79	64
Income Before Change in Undistributed Earnings of Subsidiaries			1,796	1,544	1,283
Decrease in undistributed earnings			(220)	(247)	(530)
Net Income		$	1,576	1,297	753

• The Bancorp's indirect banking subsidiary paid dividends, to the Bancorp's direct nonbank subsidiary holding company of $2.0 billion, $2.0billion, and $1.4billion for the years ended 2012, 2011, and 2010, respectively.

Condensed Statements of Comprehensive Income (Parent Company Only)
For the years ended December 31 ($ in millions)			2012	2011	2010
Net income		$	1,576	1,297	753
Other comprehensive income (loss), net of tax:
	Unrealized gains on cash flow hedge derivatives		3	2	(4)
Other comprehensive income (loss)			3	2	(4)
Comprehensive income			1,579	1,299	749
	Less: Comprehensive income attributable to noncontrolling interests		(2)	1	0
Comprehensive income attributable to Bancorp		$	1,581	1,298	749

Condensed Balance Sheets (Parent Company Only)
As of December 31 ($ in millions)			2012	2011
Assets
Cash		$	0	50
Short-term investments			3,481	3,588
Loans to subsidiaries:
	Bank subsidiaries		0	0
	Nonbank subsidiaries		1,021	1,032
Total loans to subsidiaries			1,021	1,032
Investment in subsidiaries
	Nonbank subsidiaries		15,376	15,631
Total investment in subsidiaries			15,376	15,631
Goodwill			80	80
Other assets			579	731
Total Assets		$	20,537	21,112
Liabilities
Other short-term borrowings			566	655
Accrued expenses and other liabilities			456	422
Long-term debt (external)			5,751	6,784
Total Liabilities			6,773	7,861
Parent Company Shareholders' Equity			13,764	13,251
Total Liabilities and Parent Company Shareholders' Equity		$	20,537	21,112

Condensed Statements of Cash Flows (Parent Company Only)
For the years ended December 31 ($ in millions)			2012	2011	2010
Operating Activities
Net income		$	1,576	1,297	753
Adjustments to reconcile net income to net cash provided by operating activities:
	Provision for (Benefit from) deferred income taxes		2	(3)	(2)
	Decrease in undistributed earnings		220	247	530
Net change in:
	Other assets		57	39	(6)
	Accrued expenses and other liabilities		18	3	(339)
Other, net			0	0	(11)
Net Cash Provided by Operating Activities			1,873	1,583	925
Investing Activities
Net change in:
	Short-term investments		107	(635)	(603)
	Loans to subsidiaries		11	489	(161)
Net Cash Provided by (Used in) Investing Activities			118	(146)	(764)
Financing Activities
Net change in other short-term borrowings			(89)	241	134
Proceeds from issuance of long-term debt			500	1,000	0
Repayment of long-term debt			(1,440)	(400)	0
Dividends paid on common shares			(309)	(192)	(32)
Dividends paid on preferred shares			(35)	(50)	(205)
Issuance of common shares			0	1,648	0
Shares acquired for treasury			(650)	0	0
Redemption of Series F preferred shares and related warrants			0	(3,688)	0
Other, net			(18)	(6)	0
Net Cash Used in Financing Activities			(2,041)	(1,447)	(103)
Net (Decrease) Increase in Cash			(50)	(10)	58
Cash at Beginning of Year			50	60	2
Cash at End of Year		$	0	50	60