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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net Income $ 494 $ 694
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for (benefit from) credit losses 45 (173)
Depreciation, amortization and accretion 109 122
Stock-based compensation expense 79 55
Provision for (benefit from) deferred income taxes 19 (186)
Securities losses, net 18 1
MSR fair value adjustment (137) (71)
Net gains on sales of loans and fair value adjustments on loans held for sale (8) (48)
Net (gains) losses on disposition and impairment of bank premises and equipment and operating lease equipment (3) 23
Proceeds from sales of loans held for sale 3,398 3,557
Loans originated or purchased for sale, net of repayments (2,001) (4,174)
Dividends representing return on equity investments 11 8
Net change in:    
Equity and trading debt securities 186 (155)
Other assets 287 265
Accrued taxes, interest and expenses and other liabilities (810) (284)
Net Cash Provided by (Used in) Operating Activities 1,687 (366)
Proceeds from sales:    
AFS securities and other investments 993 453
Loans and leases 43 155
Bank premises and equipment 0 12
Proceeds from repayments / maturities of AFS and HTM securities and other investments 1,438 1,341
Purchases:    
AFS securities and other investments (14,423) (3,092)
Bank premises and equipment (63) (60)
MSRs (139) (18)
Proceeds from settlement of BOLI 19 11
Proceeds from sales and dividends representing return of equity investments 8 16
Net change in:    
Other short-term investments and federal funds sold 14,043 (788)
Portfolio loans and leases (3,504) (355)
Operating lease equipment (32) 3
Net Cash Used in Investing Activities (1,617) (2,322)
Financing Activities    
Net change in deposits 1,287 3,312
Net change in other short-term borrowings and federal funds purchased (139) (82)
Dividends paid on common and preferred stock (230) (215)
Proceeds from issuance of long-term debt 12 25
Repayment of long-term debt (870) (131)
Repurchases of treasury stock and related forward contract 0 (180)
Other (75) (66)
Net Cash (Used in) Provided by Financing Activities (15) 2,663
Increase (Decrease) in Cash and Due from Banks 55 (25)
Cash and Due from Banks at Beginning of Period 2,994 3,147
Cash and Due from Banks at End of Period $ 3,049 $ 3,122