deposit and other insurance expense increased $ 24 million , or 44 % , reflecting the larger assessment base . partially offsetting these increases , professional services decreased $ 36 million , or 34 % reflecting a reduction in legal and consultation fees partially attributable to acquisition-related expense . on december 22 , 2017 , the tcja was enacted , which among other things , reduced the federal income tax rate for c corporations from 35 % to 21 % effective january 1 , 2018. a $ 123 million tax benefit related to the tcja was recorded in the 2017 fourth quarter and full-year results , which was primarily attributable to the revaluation of net deferred tax liabilities at the lower statutory federal income tax rate . the provision for income taxes was $ 208 million and remained unchanged from the prior year . the effective tax rates for 2017 and 2016 were 14.9 % and 22.6 % , respectively . the 2017 full-year results for income taxes and effective tax rate reflect the tax benefit associated with the tcja . in addition , 2017 and 2016 include the benefits from tax-exempt income , tax-advantaged investments , general business credits , investments in qualified affordable housing projects , excess tax deductions for stock-based compensation , and capital losses . ( this section should be read in conjunction with note 1 and note 17 of the notes to consolidated financial statements . ) 34 the tangible common equity to tangible assets ratio was 7.34 % , up 18 basis points . the regulatory common equity tier 1 ( cet1 ) risk-based capital ratio was 10.01 % , up 45 basis points . the regulatory tier 1 risk-based capital ratio was 11.34 % , up 42 basis points . all capital ratios were impacted by positive earnings including the one-time tax benefit ( see significant items ) which resulted in a favorable impact to the ratios , partially offset by loan growth and the repurchase of $ 260 million of common stock at an average cost of $ 13.38 per share during 2017 , including $ 137 million of common stock at an average cost of $ 14.00 per share during the 2017 fourth quarter . there were 19.4 million common shares repurchased during 2017. business overview general our general business objectives are : ( 1 ) grow net interest income and fee income , ( 2 ) deliver positive operating leverage , ( 3 ) increase primary relationships across all business segments , ( 4 ) continue to strengthen risk management , and ( 5 ) maintain capital and liquidity positions consistent with our risk appetite . economy we enter 2018 with optimism , fueled by both the improving macroeconomic environment and the continued execution of our core strategies to drive organic growth . the operating environment appears poised for further improvement given strong labor markets , the enactment of federal tax reform , and outlook for additional interest rate hikes by the federal reserve . sentiment remains healthy among both our consumer and business customers . commercial loan growth was particularly encouraging during the final few weeks of the year , and our commercial pipelines remain good as we start the new year . consumer loan growth remained steady all year . legislative and regulatory a comprehensive discussion of legislative and regulatory matters affecting us can be found in the regulatory matters section included in item 1 of this form 10-k. 35 replace_table_token_8_th ( 1 ) comparisons for presented periods are impacted by a number of factors . refer to “ significant items ” in the discussion of results of operations . ( 2 ) on a fully-taxable equivalent ( fte ) basis assuming a 35 % tax rate . 36 discussion of results of operations this section provides a review of financial performance from a consolidated perspective . it also includes a “ significant items ” section that summarizes key issues important for a complete understanding of performance trends . key consolidated balance sheet and income statement trends are discussed . all earnings per share data are reported on a diluted basis . for additional insight on financial performance , please read this section in conjunction with the “ business segment discussion . ” significant items earnings comparisons among the three years ended december 31 , 2017 , 2016 , and 2015 were impacted by a number of significant items summarized below . 1. mergers and acquisitions . significant events relating to mergers and acquisitions , and the impacts of those events on our reported results , were as follows : during 2017 , $ 154 million of noninterest expense and $ 2 million of noninterest income was recorded related to the acquisition of firstmerit . this resulted in a negative impact of $ 0.09 per common share in 2017. during 2016 , $ 282 million of noninterest expense and $ 1 million of noninterest income was recorded related to the acquisition of firstmerit . this resulted in a negative impact of $ 0.20 per common share in 2016. during 2015 , $ 9 million of noninterest expense was recorded related to the acquisition of macquarie equipment finance , inc. , which was rebranded huntington technology finance . also during 2015 , $ 4 million of noninterest expense and $ 3 million of noninterest income was recorded related to the sale of huntington asset advisors , inc. , huntington asset services , inc. , and unified financial services , inc. this resulted in a net negative impact of $ 0.01 per common share in 2015 . 2. federal tax reform-related tax benefit . significant events relating to federal tax reform-related tax benefits , and the impacts of those events on our reported results , were as follows : during 2017 , $ 123 million of federal tax reform-related tax benefit was recorded as provision for income taxes . story_separator_special_tag in 2015 , a $ 69 million reduction in the 2015 provision for federal income taxes was recorded for the portion of federal capital loss carryforward deferred tax assets that are more likely than not to be realized . in 2016 and 2015 , there was essentially no change recorded in the provision for state income taxes , net of federal taxes , for the portion of state deferred tax assets and state net operating loss carryforwards that are more likely than not to be realized . risk management and capital risk governance we use a multi-faceted approach to risk governance . it begins with the board of directors defining our risk appetite as aggregate moderate-to-low . this does not preclude engagement in select higher risk activities . rather , the definition is intended to represent an aggregate view of where we want our overall risk to be managed . 44 three board committees primarily oversee implementation of this desired risk appetite and monitoring of our risk profile : the audit committee oversees the integrity of the consolidated financial statements , including policies , procedures , and practices regarding the preparation of financial statements , the financial reporting process , disclosures , and internal control over financial reporting . the audit committee also provides assistance to the board in overseeing the internal audit division and the independent registered public accounting firm 's qualifications and independence ; compliance with our financial code of ethics for the chief executive officer and senior financial officers ; and compliance with corporate securities trading policies . the risk oversight committee ( roc ) assists the board of directors in overseeing management of material risks , the approval and monitoring of the company 's capital position and plan supporting our overall aggregate moderate-to-low risk profile , the risk governance structure , compliance with applicable laws and regulations , and determining adherence to the board 's stated risk appetite . the committee has oversight responsibility with respect to the full range of inherent risks : market , credit , liquidity , legal , compliance/regulatory , operational , strategic , and reputational . this committee also oversees our capital management and planning process , ensures that the amount and quality of capital are adequate in relation to expected and unexpected risks , and that our capital levels exceed “ well-capitalized ” requirements . the technology committee assists the board of directors in fulfilling its oversight responsibilities with respect to all technology , cyber security , and third-party risk management strategies and plans . the committee is charged with evaluating huntington 's capability to properly perform all technology functions necessary for its business plan , including projected growth , technology capacity , planning , operational execution , product development , and management capacity . the committee provides oversight of technology investments and plans to drive efficiency as well as to meet defined standards for risk , information security , and redundancy . the committee oversees the allocation of technology costs and ensures that they are understood by the board of directors . the technology committee monitors and evaluates innovation and technology trends that may affect the company 's strategic plans , including monitoring of overall industry trends . the technology committee reviews and provides oversight of the company 's continuity and disaster recovery planning and preparedness . the audit and risk oversight committees routinely hold executive sessions with our key officers engaged in accounting and risk management . on a periodic basis , the two committees meet in joint session to cover matters relevant to both , such as the construct and appropriateness of the acl , which is reviewed quarterly . all directors have access to information provided to each committee and all scheduled meetings are open to all directors . further , through its compensation committee , the board of directors seeks to ensure its system of rewards is risk-sensitive and aligns the interests of management , creditors , and shareholders . we utilize a variety of compensation-related tools to induce appropriate behavior , including common stock ownership thresholds for the chief executive officer and certain members of senior management , a requirement to hold until retirement or exit from the company , a portion of net shares received upon exercise of stock options or release of restricted stock awards ( 50 % for executive officers and 25 % for other award recipients ) , equity deferrals , recoupment provisions , and the right to terminate compensation plans at any time . management has implemented an enterprise risk management and risk appetite framework . critically important is our self-assessment process , in which each business segment produces an analysis of its risks and the strength of its risk controls . the segment analyses are combined with assessments by our risk management organization of major risk sectors ( e.g . , credit , market , liquidity , operational , legal , compliance , reputational , and strategic ) to produce an overall enterprise risk assessment . outcomes of the process include a determination of the quality of the overall control process , the direction of risk , and our position compared to the defined risk appetite . management also utilizes a wide series of metrics ( key risk indicators ) to monitor risk positions throughout the company . in general , a range for each metric is established , which allows the company , in aggregate , to operate within an aggregate moderate-to-low risk profile . deviations from the range will indicate if the risk being measured exceeds desired tolerance , which may then necessitate corrective action . we also have four executive level committees to manage risk : alco , credit policy and strategy , risk management , and capital management . each committee focuses on specific categories of risk and is supported by a series of subcommittees that are tactical in nature . we believe this structure helps ensure appropriate escalation of issues and overall communication

liquidity coverage ratio at december 31 , 2017 , we believe the bank had sufficient liquidity to be in compliance with the lcr requirements and to meet its cash flow obligations for the foreseeable future . replace_table_token_31_th at december 31 , 2017 , the carrying value of investment securities pledged to secure public and trust deposits , trading account liabilities , u.s. treasury demand notes , and security repurchase agreements totaled $ 6.1 billion . there were no securities of a non-governmental single issuer that exceeded 10 % of shareholders ' equity at december 31 , 2017 . parent company liquidity the parent company 's funding requirements consist primarily of dividends to shareholders , debt service , income taxes , operating expenses , funding of nonbank subsidiaries , repurchases of our stock , and acquisitions . the parent company obtains funding to meet obligations from dividends and interest received from the bank , interest and dividends received from direct subsidiaries , net taxes collected from subsidiaries included in the federal consolidated tax return , fees for services provided to subsidiaries , and the issuance of debt securities . at december 31 , 2017 and december 31 , 2016 , the parent company had $ 1.6 billion and $ 1.8 billion , respectively , in cash and cash equivalents . on january 17 , 2018 , the board of directors declared a quarterly common stock cash dividend of $ 0.11 per common share .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity coverage ratio at december 31 , 2017 , we believe the bank had sufficient liquidity to be in compliance with the lcr requirements and to meet its cash flow obligations for the foreseeable future . replace_table_token_31_th at december 31 , 2017 , the carrying value of investment securities pledged to secure public and trust deposits , trading account liabilities , u.s. treasury demand notes , and security repurchase agreements totaled $ 6.1 billion . there were no securities of a non-governmental single issuer that exceeded 10 % of shareholders ' equity at december 31 , 2017 . parent company liquidity the parent company 's funding requirements consist primarily of dividends to shareholders , debt service , income taxes , operating expenses , funding of nonbank subsidiaries , repurchases of our stock , and acquisitions . the parent company obtains funding to meet obligations from dividends and interest received from the bank , interest and dividends received from direct subsidiaries , net taxes collected from subsidiaries included in the federal consolidated tax return , fees for services provided to subsidiaries , and the issuance of debt securities . at december 31 , 2017 and december 31 , 2016 , the parent company had $ 1.6 billion and $ 1.8 billion , respectively , in cash and cash equivalents . on january 17 , 2018 , the board of directors declared a quarterly common stock cash dividend of $ 0.11 per common share .
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 Suspicious Activity Report : deposit and other insurance expense increased $ 24 million , or 44 % , reflecting the larger assessment base . partially offsetting these increases , professional services decreased $ 36 million , or 34 % reflecting a reduction in legal and consultation fees partially attributable to acquisition-related expense . on december 22 , 2017 , the tcja was enacted , which among other things , reduced the federal income tax rate for c corporations from 35 % to 21 % effective january 1 , 2018. a $ 123 million tax benefit related to the tcja was recorded in the 2017 fourth quarter and full-year results , which was primarily attributable to the revaluation of net deferred tax liabilities at the lower statutory federal income tax rate . the provision for income taxes was $ 208 million and remained unchanged from the prior year . the effective tax rates for 2017 and 2016 were 14.9 % and 22.6 % , respectively . the 2017 full-year results for income taxes and effective tax rate reflect the tax benefit associated with the tcja . in addition , 2017 and 2016 include the benefits from tax-exempt income , tax-advantaged investments , general business credits , investments in qualified affordable housing projects , excess tax deductions for stock-based compensation , and capital losses . ( this section should be read in conjunction with note 1 and note 17 of the notes to consolidated financial statements . ) 34 the tangible common equity to tangible assets ratio was 7.34 % , up 18 basis points . the regulatory common equity tier 1 ( cet1 ) risk-based capital ratio was 10.01 % , up 45 basis points . the regulatory tier 1 risk-based capital ratio was 11.34 % , up 42 basis points . all capital ratios were impacted by positive earnings including the one-time tax benefit ( see significant items ) which resulted in a favorable impact to the ratios , partially offset by loan growth and the repurchase of $ 260 million of common stock at an average cost of $ 13.38 per share during 2017 , including $ 137 million of common stock at an average cost of $ 14.00 per share during the 2017 fourth quarter . there were 19.4 million common shares repurchased during 2017. business overview general our general business objectives are : ( 1 ) grow net interest income and fee income , ( 2 ) deliver positive operating leverage , ( 3 ) increase primary relationships across all business segments , ( 4 ) continue to strengthen risk management , and ( 5 ) maintain capital and liquidity positions consistent with our risk appetite . economy we enter 2018 with optimism , fueled by both the improving macroeconomic environment and the continued execution of our core strategies to drive organic growth . the operating environment appears poised for further improvement given strong labor markets , the enactment of federal tax reform , and outlook for additional interest rate hikes by the federal reserve . sentiment remains healthy among both our consumer and business customers . commercial loan growth was particularly encouraging during the final few weeks of the year , and our commercial pipelines remain good as we start the new year . consumer loan growth remained steady all year . legislative and regulatory a comprehensive discussion of legislative and regulatory matters affecting us can be found in the regulatory matters section included in item 1 of this form 10-k. 35 replace_table_token_8_th ( 1 ) comparisons for presented periods are impacted by a number of factors . refer to “ significant items ” in the discussion of results of operations . ( 2 ) on a fully-taxable equivalent ( fte ) basis assuming a 35 % tax rate . 36 discussion of results of operations this section provides a review of financial performance from a consolidated perspective . it also includes a “ significant items ” section that summarizes key issues important for a complete understanding of performance trends . key consolidated balance sheet and income statement trends are discussed . all earnings per share data are reported on a diluted basis . for additional insight on financial performance , please read this section in conjunction with the “ business segment discussion . ” significant items earnings comparisons among the three years ended december 31 , 2017 , 2016 , and 2015 were impacted by a number of significant items summarized below . 1. mergers and acquisitions . significant events relating to mergers and acquisitions , and the impacts of those events on our reported results , were as follows : during 2017 , $ 154 million of noninterest expense and $ 2 million of noninterest income was recorded related to the acquisition of firstmerit . this resulted in a negative impact of $ 0.09 per common share in 2017. during 2016 , $ 282 million of noninterest expense and $ 1 million of noninterest income was recorded related to the acquisition of firstmerit . this resulted in a negative impact of $ 0.20 per common share in 2016. during 2015 , $ 9 million of noninterest expense was recorded related to the acquisition of macquarie equipment finance , inc. , which was rebranded huntington technology finance . also during 2015 , $ 4 million of noninterest expense and $ 3 million of noninterest income was recorded related to the sale of huntington asset advisors , inc. , huntington asset services , inc. , and unified financial services , inc. this resulted in a net negative impact of $ 0.01 per common share in 2015 . 2. federal tax reform-related tax benefit . significant events relating to federal tax reform-related tax benefits , and the impacts of those events on our reported results , were as follows : during 2017 , $ 123 million of federal tax reform-related tax benefit was recorded as provision for income taxes . story_separator_special_tag in 2015 , a $ 69 million reduction in the 2015 provision for federal income taxes was recorded for the portion of federal capital loss carryforward deferred tax assets that are more likely than not to be realized . in 2016 and 2015 , there was essentially no change recorded in the provision for state income taxes , net of federal taxes , for the portion of state deferred tax assets and state net operating loss carryforwards that are more likely than not to be realized . risk management and capital risk governance we use a multi-faceted approach to risk governance . it begins with the board of directors defining our risk appetite as aggregate moderate-to-low . this does not preclude engagement in select higher risk activities . rather , the definition is intended to represent an aggregate view of where we want our overall risk to be managed . 44 three board committees primarily oversee implementation of this desired risk appetite and monitoring of our risk profile : the audit committee oversees the integrity of the consolidated financial statements , including policies , procedures , and practices regarding the preparation of financial statements , the financial reporting process , disclosures , and internal control over financial reporting . the audit committee also provides assistance to the board in overseeing the internal audit division and the independent registered public accounting firm 's qualifications and independence ; compliance with our financial code of ethics for the chief executive officer and senior financial officers ; and compliance with corporate securities trading policies . the risk oversight committee ( roc ) assists the board of directors in overseeing management of material risks , the approval and monitoring of the company 's capital position and plan supporting our overall aggregate moderate-to-low risk profile , the risk governance structure , compliance with applicable laws and regulations , and determining adherence to the board 's stated risk appetite . the committee has oversight responsibility with respect to the full range of inherent risks : market , credit , liquidity , legal , compliance/regulatory , operational , strategic , and reputational . this committee also oversees our capital management and planning process , ensures that the amount and quality of capital are adequate in relation to expected and unexpected risks , and that our capital levels exceed “ well-capitalized ” requirements . the technology committee assists the board of directors in fulfilling its oversight responsibilities with respect to all technology , cyber security , and third-party risk management strategies and plans . the committee is charged with evaluating huntington 's capability to properly perform all technology functions necessary for its business plan , including projected growth , technology capacity , planning , operational execution , product development , and management capacity . the committee provides oversight of technology investments and plans to drive efficiency as well as to meet defined standards for risk , information security , and redundancy . the committee oversees the allocation of technology costs and ensures that they are understood by the board of directors . the technology committee monitors and evaluates innovation and technology trends that may affect the company 's strategic plans , including monitoring of overall industry trends . the technology committee reviews and provides oversight of the company 's continuity and disaster recovery planning and preparedness . the audit and risk oversight committees routinely hold executive sessions with our key officers engaged in accounting and risk management . on a periodic basis , the two committees meet in joint session to cover matters relevant to both , such as the construct and appropriateness of the acl , which is reviewed quarterly . all directors have access to information provided to each committee and all scheduled meetings are open to all directors . further , through its compensation committee , the board of directors seeks to ensure its system of rewards is risk-sensitive and aligns the interests of management , creditors , and shareholders . we utilize a variety of compensation-related tools to induce appropriate behavior , including common stock ownership thresholds for the chief executive officer and certain members of senior management , a requirement to hold until retirement or exit from the company , a portion of net shares received upon exercise of stock options or release of restricted stock awards ( 50 % for executive officers and 25 % for other award recipients ) , equity deferrals , recoupment provisions , and the right to terminate compensation plans at any time . management has implemented an enterprise risk management and risk appetite framework . critically important is our self-assessment process , in which each business segment produces an analysis of its risks and the strength of its risk controls . the segment analyses are combined with assessments by our risk management organization of major risk sectors ( e.g . , credit , market , liquidity , operational , legal , compliance , reputational , and strategic ) to produce an overall enterprise risk assessment . outcomes of the process include a determination of the quality of the overall control process , the direction of risk , and our position compared to the defined risk appetite . management also utilizes a wide series of metrics ( key risk indicators ) to monitor risk positions throughout the company . in general , a range for each metric is established , which allows the company , in aggregate , to operate within an aggregate moderate-to-low risk profile . deviations from the range will indicate if the risk being measured exceeds desired tolerance , which may then necessitate corrective action . we also have four executive level committees to manage risk : alco , credit policy and strategy , risk management , and capital management . each committee focuses on specific categories of risk and is supported by a series of subcommittees that are tactical in nature . we believe this structure helps ensure appropriate escalation of issues and overall communication

