 |
| (Dollars
in thousands) |
December 31
|
|
|
|
|
|
2000
|
1999
|
|
|
|
|
|
| ASSETS |
 |
|
| Cash
and due from banks |
$ 1,278,691 |
$ 1,563,335 |
| Time
deposits in other banks |
-0- |
2,474 |
|
|
|
|
|
|
Total
cash and cash equivalents |
1,278,691 |
1,565,809 |
| Federal
funds sold and securities purchased under agreements to resell |
2,155,665 |
132,683 |
| Trading
securities |
11,942 |
51,972 |
| Available-for-sale
securities |
1,908,917 |
5,964,703 |
Held-to-maturity
securities
(market value of $6,729,880 and $6,849,344, respectively)
|
6,650,439 |
7,050,562 |
| Loans
held for sale |
92,811 |
172,941 |
| Loans
|
|
25,088,186 |
26,551,602 |
| Less:
Allowance for loan losses |
380,434 |
354,679 |
|
Unearned
income |
471,751 |
284,843 |
|
|
|
|
|
|
Net loans
|
24,236,001 |
25,912,080 |
| Other
interest-earning assets |
58,800 |
17,864 |
| Premises
and equipment, net |
634,201 |
678,442 |
| Customers’
acceptance liability |
1,418 |
8,617 |
| Accrued
interest receivable and other assets |
1,907,093 |
1,859,678 |
|
|
|
|
|
|
|
|
|
$ 38,935,978 |
$ 43,415,351 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| LIABILITIES
AND SHAREHOLDERS’ EQUITY |
|
|
| Deposits
and interest-bearing liabilities: |
|
|
|
Deposits: |
|
|
|
|
Noninterest-bearing
demand |
$ 4,934,466 |
$ 4,739,077 |
|
|
Interest-bearing
demand |
9,579,868 |
9,227,907 |
|
|
Savings
|
1,212,652 |
2,349,793 |
|
|
Time
|
7,841,567 |
7,545,164 |
|
|
Foreign
time |
503,414 |
1,293,552 |
|
|
Certificates
of deposit of $100,000 or more |
2,551,337 |
2,756,950 |
|
|
|
|
|
|
|
|
Total deposits
|
26,623,304 |
27,912,443 |
|
Federal
funds purchased and securities sold under agreements to repurchase
|
2,320,264 |
4,095,747 |
|
Other
borrowed funds |
536,848 |
2,135,720 |
|
Long-term
Federal Home Loan Bank advances |
4,898,308 |
4,612,686 |
|
Other
long-term debt |
985,097 |
990,800 |
|
|
|
|
|
|
|
|
Total deposits
and interest-bearing liabilities |
35,363,821 |
39,747,396 |
| Acceptances
outstanding |
1,418 |
8,617 |
| Accrued
expenses and other liabilities |
757,332 |
700,133 |
|
|
|
|
|
|
|
|
Total liabilities
|
36,122,571 |
40,456,146 |
|
|
|
|
|
| Shareholders’
equity: |
|
|
|
Preferred
stock–no par value: |
|
|
|
|
Authorized–2,000,000
shares; Issued and outstanding–none |
-0- |
-0- |
|
Common
stock–par value $1 a share: |
|
|
|
|
Authorized–750,000,000
shares |
|
|
|
|
Issued–416,941,331
and 416,948,890 shares, respectively |
416,941 |
416,949 |
|
Capital
surplus |
691,677 |
690,820 |
|
Retained
earnings |
2,466,048 |
2,482,477 |
|
Cost
of common stock in treasury–43,134,387 and 25,574,778 shares, respectively
|
(651,328) |
(376,354) |
|
Deferred
compensation on restricted stock |
(2,381) |
(5,838) |
|
Accumulated
other comprehensive loss |
(107,550) |
(248,849) |
|
|
|
|
|
|
|
|
Total shareholders’
equity |
2,813,407 |
2,959,205 |
|
|
|
|
|
|
|
|
|
$ 38,935,978 |
$ 43,415,351 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| See Notes
to Consolidated Financial Statements. |
|
|
|
