Comerica 2010 Annual Report Download - page 144

Download and view the complete annual report

Please find page 144 of the 2010 Comerica annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 157

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Comerica Incorporated and Subsidiaries
NOTE 24 - PARENT COMPANY FINANCIAL STATEMENTS
BALANCE SHEETS - COMERICA INCORPORATED
(in millions, except share data)
December 31 2010 2009
Assets
Cash and due from subsidiary bank $-$5
Short-term investments with subsidiary bank 327 2,150
Other short-term investments 86 86
Investment in subsidiaries, principally banks 5,957 5,710
Premises and equipment 44
Other assets 181 186
Total assets $ 6,555 $ 8,141
Liabilities and Shareholders’ Equity
Medium- and long-term debt $ 635 $ 986
Other liabilities 127 126
Total liabilities 762 1,112
Fixed rate cumulative perpetual preferred stock, series F, no par value, $1,000
liquidation value per share:
Authorized—2,250,000 shares
Issued—2,250,000 shares at 12/31/09 -2,151
Common stock—$5 par value:
Authorized—325,000,000 shares
Issued—203,878,110 shares at 12/31/10 and 178,735,252 shares at 12/31/09 1,019 894
Capital surplus 1,481 740
Accumulated other comprehensive loss (389) (336)
Retained earnings 5,247 5,161
Less cost of common stock in treasury—27,342,518 shares at 12/31/10 and 27,555,623
shares at 12/31/09 (1,565) (1,581)
Total shareholders’ equity 5,793 7,029
Total liabilities and shareholders’ equity $ 6,555 $ 8,141
142