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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 907 $ 1,129 $ 539
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 122 (276) 414
Depreciation and amortization 110 (14) 86
Share-based compensation 30 28 26
Deferred income tax expense (benefit) (43) 32 (58)
Net increase in trading securities (93) (107) (83)
Net decrease (increase) in loans held for sale 48 14 (10)
Change in other liabilities 892 13 57
Change in other assets (457) (78) (223)
Other, net (46) (112) (29)
Net cash provided by operating activities 1,470 629 719
CASH FLOWS FROM INVESTING ACTIVITIES      
Net decrease (increase) in money market investments 8,650 (5,577) (5,611)
Proceeds from maturities and paydowns of investment securities held-to-maturity 445 457 386
Purchases of investment securities held-to-maturity (399) (262) (430)
Proceeds from sales, maturities, and paydowns of investment securities available-for-sale 3,309 4,748 4,339
Purchases of investment securities available-for-sale (5,829) (13,647) (6,151)
Net change in loans and leases (4,628) 2,814 (4,687)
Purchases and sales of other noninterest-bearing investments (298) 63 79
Purchases of premises and equipment (190) (206) (171)
Acquisition of Nevada branches, net of cash acquired 318 0 0
Other, net 27 31 42
Net cash provided by (used in) investing activities 1,405 (11,579) (12,204)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net (decrease) increase in deposits (11,567) 13,136 12,568
Net change in short-term funds borrowed 9,514 (669) (481)
Cash paid for preferred stock redemption 0 (126) 0
Redemption of long-term debt (290) (286) (429)
Bank common stock repurchased (202) (800) (76)
Proceeds from the issuance of common stock 9 21 8
Dividends paid on common and preferred stock (269) (261) (259)
Other, net (8) (13) (8)
Net cash provided by (used in) financing activities (2,813) 11,002 11,323
Net increase (decrease) in cash and due from banks 62 52 (162)
Cash and due from banks at beginning of year 595 543 705
Cash and due from banks at end of year 657 595 543
Cash paid for interest 160 81 195
Net cash paid for income taxes 21 442 169
Noncash activities:      
Loans held for investment transferred to other real estate owned 0 25 4
Loans held for investment reclassified to loans held for sale, net 114 120 (11)
Investment securities available-for-sale transferred to held-to-maturity, at amortized cost (fair value $10,691) 13,097 0 0
Deposits acquired in purchase of Nevada branches 430 0 0
Loans acquired in purchase of Nevada branches, net $ 95 $ 0 $ 0