Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating activities      
Net income $ 638,741 $ 641,022 $ 542,613
Adjustments to reconcile net income to net cash provided by operating activities:      
Goodwill, Impairment Loss 0 0 0
Provision for credit losses 90,045 147,388 174,059
Depreciation and amortization 281,545 274,572 282,105
Share-based compensation expense 37,007 27,873 19,666
Change in deferred income taxes 97,440 153,123 159,193
Originations of loans held for sale (2,845,275) (3,814,572) (2,414,172)
Principal payments on and proceeds from loans held for sale 3,017,430 3,731,465 2,820,797
Gain on sale of loans held for sale (44,787) (60,251) (15,870)
Gains on early extinguishment of debt 0 798 9,697
Bargain Purchase Gain 0 (11,217) 0
Net gain on sales of securities (2,220) (6,388) (3,682)
Impairment losses recognized in earnings on available-for-sale securities 1,802 1,619 7,363
Net change in      
Trading account securities 55,632 (45,306) 139,505
Accrued income and other assets 21,623 455,411 (62,230)
Accrued expense and other liabilities (335,738) (491,811) (44,863)
Net cash provided by (used for) operating activities 1,013,245 1,002,130 1,594,787
Investing activities      
Decrease (Increase) in interest bearing deposits in banks 146,584 70,980 50,093
Net cash received in acquisitions 0 40,258 0
Proceeds from:      
Maturities and calls of available-for-sale and other securities 1,414,114 1,776,594 2,489,049
Maturities of held-to-maturity securities 278,136 113,576 31,163
Sales of available-for-sale and other securities 410,106 957,930 3,205,884
Purchases of available-for-sale and other securities (1,416,795) (2,384,824) (4,283,866)
Purchases of held-to-maturity securities (2,081,373) (941,119) (204,082)
Net proceeds from sales of loans 459,006 3,092,643 1,640,237
Net loan and lease activity, excluding sales (3,386,753) (3,287,000) (4,148,424)
Proceeds from sale of operating lease assets 10,227 30,322 62,744
Purchases of premises and equipment (102,208) (129,641) (143,763)
Proceeds from sales of other real estate 40,448 56,762 55,817
Purchases of loans and leases (16,170) (484,157) (59,885)
Other, net 4,345 4,698 327
Net cash provided by (used for) investing activities (4,240,333) (1,082,978) (1,304,706)
Financing activities      
Increase (decrease) in deposits 1,258,038 2,262,213 1,420,944
Increase (decrease) in short-term borrowings 55,279 (939,979) (580,335)
Net proceeds from inssuance of subordinated notes 0 0 0
Maturity/redemption of subordinated notes (50,000) (305,010) (5,000)
Proceeds from Federal Home Loan Bank advances 4,400,000 2,515,000 550,000
Maturity/redemption of Federal Home Loan Bank advances (3,600,721) (1,914,281) (359,732)
Proceeds from Issuance of Other Long-term Debt 1,250,000 0 0
Maturity/redemption of long-term debt (52,086) (1,070,804) (902,652)
Repurchase of warrant originally issued to the Treasury 0 0 49,100
Dividends paid on preferred stock (31,869) (31,719) (30,813)
Dividends paid on common stock (150,608) (137,616) (61,591)
Payments for Repurchase of Preferred Stock 0 0 1,759
Repurchase of common stock (124,995) (148,881) 0
Other, net 12,376 (1,237) (1,963)
Net cash provided by (used for) financing activities 2,965,414 227,686 (22,001)
Increase (decrease) in cash and cash equivalents (261,674) 146,838 268,080
Cash and cash equivalents at beginning of period 1,262,806 1,115,968 847,888
Cash and cash equivalents at end of period 1,001,132 1,262,806 1,115,968
Supplemental disclosures:      
Interest paid 155,832 231,897 357,212
Income taxes paid (refunded) 109,432 6,389 80,065
Non-cash activities      
Loans transfered to available-for-sale securities 600,435 0 0
Loans transfered to portfolio from held-for-sale 307,303 0 0
Transfer of securities to held-to-maturity from available for sale 292,164 278,748 469,070
Loans transferred to loans held for sale 53,360 306,261 1,268,132
Dividends accrued, paid in subsequent quarter 47,898 47,312 40,771
Trust Preferred Securities Exchange $ 0 $ 0 $ 35,500