Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating activities    
Net income $ 302,431 $ 305,976
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 54,314 70,926
Depreciation and amortization 135,364 138,876
Share-based compensation expense 17,896 12,820
Change in deferred income taxes 72,943 121,029
Originations of loans held for sale (1,583,569) (1,915,289)
Principal payments on and proceeds from loans held for sale 1,624,214 1,836,963
Gain on sale of loans held for sale (34,687) (19,012)
Gains on early extinguishment of debt 0 2,580
Bargain Purchase Gain 0 (11,409)
Net gain on sales of securities (797) (1,227)
Impairment losses recognized in earnings on available-for-sale securities 1,716 1,490
Net change in    
Trading account securities 10,278 (7,938)
Accrued income and other assets (9,016) 160,496
Accrued expense and other liabilities (181,999) (130,346)
Net cash provided by (used for) operating activities 409,088 560,775
Investing activities    
Decrease (Increase) in interest bearing deposits in banks 86,480 67,714
Net cash received in acquisitions 0 40,310
Proceeds from:    
Maturities and calls of available-for-sale and other securities 772,700 949,026
Maturities of held-to-maturity securities 111,280 40,852
Sales of available-for-sale and other securities 328,031 307,160
Purchases of available-for-sale and other securities (777,389) (1,779,203)
Purchases of held-to-maturity securities (248,741) 0
Net proceeds from sales of loans 236,373 1,527,739
Net loan and lease activity, excluding sales (1,077,734) (2,248,763)
Proceeds from sale of operating lease assets 7,499 16,784
Purchases of premises and equipment (49,127) (55,477)
Proceeds from sales of other real estate 20,800 20,684
Purchases of loans and leases (18,110) (393,191)
Other, net 2,015 2,205
Net cash provided by (used for) investing activities (605,923) (1,504,160)
Financing activities    
Increase (decrease) in deposits 82,055 2,084,321
Increase (decrease) in short-term borrowings 109,480 (331,381)
Maturity/redemption of subordinated notes (50,000) (88,600)
Proceeds from Federal Home Loan Bank advances 2,275,000 815,000
Maturity/redemption of Federal Home Loan Bank advances (2,300,566) (387,548)
Maturity/redemption of long-term debt (2,086) (919,814)
Dividends paid on preferred stock (15,943) (15,752)
Dividends paid on common stock (67,569) (69,117)
Repurchase of common stock (108,798) (40,230)
Other, net 6,362 (874)
Net cash provided by (used for) financing activities (72,065) 1,046,005
Increase (decrease) in cash and cash equivalents (268,900) 102,620
Cash and cash equivalents at beginning of period 1,262,806 1,115,968
Cash and cash equivalents at end of period 993,906 1,218,588
Supplemental disclosures:    
Income taxes paid (refunded) 49,699 4,703
Interest paid 75,957 128,425
Non-cash activities    
Loans transferred to loans held for sale 50,788 1,656,486
Dividends accrued, paid in subsequent quarter $ 47,832 $ 47,859