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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities    
Net income $ 6,102 $ 4,037
Adjustments to reconcile net income to net cash provided (used) by operating activities    
Provision for credit losses 3,429 552
Depreciation and amortization 944 904
Deferred income taxes (2,505) 83
Net gains on sales of securities (254)
Changes in fair value of mortgage servicing rights 774 715
Gain on sale of BlackRock (5,740)  
Undistributed earnings of BlackRock (174) (356)
Net change in    
Trading securities and other short-term investments 1,132 741
Loans held for sale (533) (882)
Other assets (2,112) (2,086)
Accrued expenses and other liabilities 1,044 831
Other 617 (291)
Net cash provided (used) by operating activities 2,724 4,248
Sales    
Securities available for sale 12,512 5,201
Net proceeds from sale of BlackRock 14,225
Loans 1,365 1,237
Repayments/maturities    
Securities available for sale 19,850 7,962
Securities held to maturity 52 2,193
Purchases    
Securities available for sale (34,242) (17,179)
Securities held to maturity (49) (1,739)
Loans (1,600) (898)
Net change in    
Federal funds sold and resale agreements 1,693 3,192
Interest-earning deposits with banks (47,546) (8,143)
Loans (10,323) (11,978)
Other (316) (573)
Net cash provided (used) by investing activities (44,379) (20,725)
Net change in    
Noninterest-bearing deposits 34,479 180
Interest-bearing deposits 32,037 17,627
Federal funds purchased and repurchase agreements (5,870) 1,934
Short-term Federal Home Loan Bank borrowings (6,300)  
Short-term Federal Home Loan Bank borrowings   1,400
Other borrowed funds 298 (77)
Sales/issuances    
Federal Home Loan Bank borrowings 9,060 12,000
Bank notes and senior debt 3,487 6,930
Other borrowed funds 458 929
Common and treasury stock 54 73
Repayments/maturities    
Federal Home Loan Bank borrowings (13,601) (13,000)
Bank notes and senior debt (6,647) (5,600)
Subordinated debt   (700)
Other borrowed funds (479) (963)
Preferred stock redemption (480)  
Acquisition of treasury stock (1,604) (2,626)
Preferred stock cash dividends paid (181) (181)
Common stock cash dividends paid (1,488) (1,386)
Net cash provided (used) by financing activities 43,223 16,540
Net Increase (Decrease) In Cash And Due From Banks And Restricted Cash 1,568 63
Net cash provided by discontinued operations 12,244 233
Net cash provided (used) by continuing operations (10,676) (170)
Cash and due from banks and restricted cash at beginning of period 5,061 5,608
Cash and due from banks and restricted cash at end of period 6,629 5,671
Cash and due from banks at end of period (unrestricted cash) 6,297 5,671
Restricted cash 332  
Supplemental Disclosures    
Interest paid 1,071 2,915
Income taxes paid 2,762 321
Income taxes refunded 9 7
Leased assets obtained in exchange for new operating lease liabilities 71 238
Right-of-use assets recognized at adoption of ASU 2016-02   2,004
Non-cash Investing and Financing Items    
Transfer from loans to loans held for sale, net 1,026 771
Transfer from trading securities to investment securities 289 228
Transfer from loans to foreclosed assets $ 57 $ 131