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Level 1 (Notes)
6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
Capital Purchase Program ("CPP") Warrants
As of June 30, 2016 and December 31, 2015, respectively, the Company has 4.2 million and 4.4 million of CPP warrants outstanding and exercisable. There were no CPP warrant exercises for the three months ended June 30, 2016 and 1.0 million during the three months ended 2015 and 0.2 million and 1.6 million during the six months ended June 30, 2016 and 2015, respectively.
The declaration of common stock dividends by the Company in excess of a threshold triggers a provision in the Company's warrant agreement with The Bank of New York Mellon resulting in adjustments to the CPP warrant exercise price. Accordingly, the declaration of a common stock dividend during the three months ended June 30, 2016 resulted in an adjustment to the CPP warrant exercise price. The CPP warrant exercise price was $9.197 as of June 30, 2016 and $9.264 as of December 31, 2015.
Equity Repurchase Program
The following summarizes equity repurchase activity in 2016 and remaining repurchase capacity as of June 30, 2016.
Three months ended
Common Shares
Repurchased
Cost of Shares Repurchased
Average Price Paid per Share
Remaining Capacity Under Share Repurchase Authorization
(In millions, except for per share data)
 
 
 
 
March 31, 2016
8.4

$
350

$
41.72



June 30, 2016
7.8

$
350

$
44.74

 
Total
16.2

$
700



$
630

During the period July 1, 2016 to July 27, 2016, the Company repurchased 2.0 million common shares for $89.