Parent-Only Financial Statements

12 Months Ended

Dec. 31, 2013

Parent Company Financial Statements [Abstract]

Parent Company Financial Statements

Note 25: Parent-Only Financial Statements

The following tables present Parent-only condensed financial statements.

Parent-Only Statement of Income
			Year ended December 31,
(in millions)				2013	2012	2011
Income
Dividends from subsidiaries:
	Bank		$	10,612	11,767	11,546
	Nonbank			33	1,150	140
Interest income from subsidiaries				848	897	914
Other interest income				240	222	242
Other income				484	267	460
		Total income		12,217	14,303	13,302
Expense
Interest expense:
	Indebtedness to nonbank subsidiaries			334	287	254
	Short-term borrowings			5	1	1
	Long-term debt			1,546	1,877	2,423
	Other			15	23	8
Noninterest expense				1,175	1,127	77
		Total expense		3,075	3,315	2,763
Income before income tax benefit and
	equity in undistributed income of subsidiaries			9,142	10,988	10,539
Income tax benefit				(570)	(903)	(584)
Equity in undistributed income of subsidiaries				12,166	7,006	4,746
Net income			$	21,878	18,897	15,869

Parent-Only Statement of Comprehensive Income
		Year ended December 31,
(in millions)			2013	2012	2011
Net income		$	21,878	18,897	15,869
Other comprehensive income (loss), net of tax:
	Investment securities		(248)	61	(50)
	Derivatives and hedging activities		39	31	(1)
	Defined benefit plans adjustment		1,136	(379)	(650)
	Equity in other comprehensive income (loss) of subsidiaries		(5,191)	2,730	(830)
Other comprehensive income (loss), net of tax:			(4,264)	2,443	(1,531)
Total comprehensive income		$	17,614	21,340	14,338

Parent-Only Balance Sheet
				December 31,
(in millions)					2013	2012
Assets
Cash and cash equivalents due from:
	Subsidiary banks			$	42,386	35,697
	Nonaffiliates				3	5
Investment securities					11,652	7,268
Loans to subsidiaries:
	Bank				7,140	-
	Nonbank				38,504	41,068
Investments in subsidiaries:
	Bank				154,577	148,693
	Nonbank				21,852	19,492
Other assets					7,329	7,880
			Total assets	$	283,443	260,103
Liabilities and equity
Short-term borrowings				$	5,121	1,592
Accrued expenses and other liabilities					7,241	8,332
Long-term debt					81,721	76,233
Indebtedness to nonbank subsidiaries					19,218	16,392
		Total liabilities			113,301	102,549
Stockholders' equity					170,142	157,554
			Total liabilities and equity	$	283,443	260,103

Parent-Only Statement of Cash Flows
					Year ended December 31,
(in millions)					2013	2012	2011
Cash flows from operating activities:
		Net cash provided by operating activities		$	8,607	13,365	15,049
Cash flows from investing activities:
Available-for-sale securities:
	Sales proceeds				3,606	6,171	11,459
	Prepayments and maturities				12	30	-
	Purchases				(6,016)	(5,845)	(16,487)
Loans:
	Net repayments from subsidiaries				655	9,191	1,318
	Capital notes and term loans made to subsidiaries				(6,700)	(1,850)	(1,340)
	Principal collected on notes/loans made to subsidiaries				1,472	2,462	5,779
Net increase in investment in subsidiaries					(1,188)	(5,218)	(610)
Other, net					461	(2)	230
		Net cash provided (used) by investing activities			(7,698)	4,939	349
Cash flows from financing activities:
Net increase (decrease) in short-term borrowings and
	indebtedness to subsidiaries				6,732	5,456	(242)
Long-term debt:
	Proceeds from issuance				18,714	16,989	7,058
	Repayment				(13,096)	(18,693)	(31,198)
Preferred stock:
	Proceeds from issuance				3,145	1,377	2,501
	Cash dividends paid				(1,017)	(892)	(844)
Common stock warrants repurchased					-	(1)	(2)
Common stock:
	Proceeds from issuance				2,224	2,091	1,296
	Repurchased				(5,356)	(3,918)	(2,416)
	Cash dividends paid				(5,953)	(4,565)	(2,537)
Excess tax benefits related to stock option payments					271	226	79
Other, net					114	(14)	-
		Net cash provided (used) by financing activities			5,778	(1,944)	(26,305)
			Net change in cash and due from banks		6,687	16,360	(10,907)
Cash and due from banks at beginning of year					35,702	19,342	30,249
Cash and due from banks at end of year				$	42,389	35,702	19,342