Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating activities      
Net income $ 542,613 $ 312,347 $ (3,094,179)
Adjustments to reconcile net income to net cash provided by operating activities:      
Goodwill, Impairment Loss 0 0 2,606,944
Provision for credit losses 174,059 634,547 2,074,671
Depreciation and amortization 282,105 286,186 228,041
Change in current and deferred income taxes 84,555 161,367 (471,592)
Net sales (purchases) of trading account securities 139,505 (101,747) 856,112
Originations of loans held for sale (2,414,172) (3,864,273) (4,786,043)
Principal payments on and proceeds from loans held for sale 2,820,797 3,535,550 4,667,792
Gains on early extinguishment of debt (9,697) 0 (147,442)
Securities (gains) losses 3,681 274 10,249
Other, net (28,659) (123,428) 21,709
Net cash provided by (used for) operating activities 1,594,787 840,823 1,966,262
Investing activities      
Increase (decrease) in interest bearing deposits in banks 50,093 162,913 (319,989)
Proceeds from:      
Maturities and calls of available-for-sale and other securities 2,489,049 3,288,714 1,004,293
Maturities of held-to-maturity securities 31,163 0 0
Sales of available-for-sale and other securities 3,205,884 4,280,518 3,585,644
Sales of held-to-maturity securities 0 0 0
Purchases of available-for-sale and other securities (4,283,866) (8,769,767) (8,386,223)
Purchases of held-to-maturity securities (204,082) 0 0
Net proceeds from sales of loans 1,640,237 941,615 949,398
Net loan and lease activity, excluding sales (4,148,424) (2,764,575) 1,544,524
Proceeds from sale of operating lease assets 62,744 34,930 11,216
Purchases of premises and equipment (143,763) (68,200) (49,223)
Proceeds from sales of other real estate 55,817 113,298 60,499
Other, net (59,558) 3,770 4,500
Net cash provided by (used for) investing activities (1,304,706) (2,776,784) (1,595,361)
Financing activities      
Increase (decrease) in deposits 1,420,944 1,353,227 2,559,633
Increase (decrease) in short-term borrowings (580,335) 1,128,887 (277,215)
Proceeds from Issuance of Subordinated Long-term Debt 0 297,375 0
Maturity/redemption of subordinated notes (5,000) (83,870) (484,966)
Proceeds from Federal Home Loan Bank advances 550,000 450,000 207,394
Maturity/redemption of Federal Home Loan Bank advances (359,732) (446,718) (2,627,786)
Proceeds from Issuance of Other Long-term Debt 0 60,805 598,200
Maturity/redemption of long-term debt (902,652) (848,756) (642,644)
Repurchase of Warrant to the Treasury (49,100) 0 0
Dividends paid on preferred stock (30,813) (107,901) (107,262)
Dividends paid on common stock (61,591) (28,598) (55,026)
Costs to issue preferred stock (1,759) 0 0
Payments for Repurchase of Preferred Stock 0 1,398,071 0
Proceeds from Issuance of Common Stock 0 886,172 1,135,645
Other, net (1,963) (47) (198)
Net cash provided by (used for) financing activities (22,001) 1,262,505 305,775
Increase (decrease) in cash and cash equivalents 268,080 (673,456) 676,676
Cash and cash equivalents at beginning of period 847,888 1,521,344 844,668
Cash and cash equivalents at end of period 1,115,968 847,888 1,521,344
Supplemental disclosures:      
Income taxes paid (refunded) 80,065 (121,401) (112,412)
Interest paid 357,212 552,955 869,503
Non-cash activities      
Dividends accrued, paid in subsequent quarter 40,771 23,373 23,305
Trust Preferred Securities Exchange $ 35,500 $ 0 $ 0