Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities    
Net income $ 313,762 $ 304,274
Adjustments to reconcile net income to net cash provided by operating activities:    
Goodwill, Impairment Loss 3,000 0
Provision for credit losses 54,015 54,314
Depreciation and amortization 152,867 135,364
Share-based compensation expense 22,792 17,896
Change in deferred income taxes (10,280) 77,234
Originations of loans held for sale (1,087,825) (1,583,569)
Principal payments on and proceeds from loans held for sale 1,071,980 1,624,214
Gain on sale of loans held for sale (12,209) (34,687)
Gains on early extinguishment of debt 0 0
Net gain on sales of securities (17,460) (797)
Impairment losses recognized in earnings on available-for-sale securities 0 1,716
Other Noncash Income (Expense) 0 0
Net change in    
Trading account securities (14,968) 10,278
Accrued income and other assets (108,154) (15,150)
Accrued expense and other liabilities 15,079 (181,999)
Net cash provided by (used for) operating activities 382,599 409,088
Investing activities    
Decrease (Increase) in interest bearing deposits in banks (12,591) 86,480
Net cash received in acquisitions (13,452) 0
Proceeds from:    
Maturities and calls of available-for-sale and other securities 498,227 772,700
Maturities of held-to-maturity securities 212,679 111,280
Sales of available-for-sale and other securities 1,070,305 328,031
Purchases of available-for-sale and other securities (2,603,602) (777,389)
Purchases of held-to-maturity securities 0 (248,741)
Net proceeds from sales of loans 132,074 236,373
Net loan and lease activity, excluding sales (2,422,729) (1,077,734)
Proceeds from sale of operating lease assets 377 7,499
Purchases of premises and equipment (22,595) (49,127)
Proceeds from sales of other real estate 17,326 20,800
Purchases of loans and leases (205,603) (18,110)
PaymentsToAcquireIntangibleAssets 223 0
Other, net 2,552 2,015
Net cash provided by (used for) investing activities (3,347,255) (605,923)
Financing activities    
Increase (decrease) in deposits 685,180 82,055
Increase (decrease) in short-term borrowings 703,468 109,480
Maturity/redemption of subordinated notes (124,907) (50,000)
Proceeds from Federal Home Loan Bank advances 2,875,000 2,275,000
Maturity/redemption of Federal Home Loan Bank advances (1,873,865) (2,300,566)
Proceeds from Issuance of Other Long-term Debt 1,250,000 0
Maturity/redemption of long-term debt 0 (2,086)
Dividends paid on preferred stock (15,929) (15,943)
Dividends paid on common stock (82,584) (67,569)
Proceeds from Issuance of Common Stock 2,597 0
Repurchase of common stock (246,989) (108,798)
Other, net 10,006 6,362
Net cash provided by (used for) financing activities 3,181,977 (72,065)
Increase (decrease) in cash and cash equivalents 217,321 (268,900)
Cash and cash equivalents at beginning of period 1,001,132 1,262,806
Cash and cash equivalents at end of period 1,218,453 993,906
Supplemental disclosures:    
Interest paid 69,677 75,957
Income taxes paid (refunded) 57,750 49,699
Non-cash activities    
Loans transfered to portfolio from held-for-sale 45,240 307,303
Transfer of securities to held-to-maturity from available for sale 0 0
Loans transferred to loans held for sale 18,168 50,788
Dividends accrued, paid in subsequent quarter $ 46,645 $ 47,832