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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income $ 2,925 $ 2,929
Adjustments to reconcile net income to net cash provided (used) by operating activities    
Provision for (recapture of) credit losses (172) (249)
Depreciation and amortization 529 794
Deferred income taxes (benefit) 203 165
Net losses (gains) on sales of securities 4 (35)
Changes in fair value of mortgage servicing rights (435) (47)
Net change in    
Trading securities and other short-term investments (1,325) 776
Loans held for sale and related securitization activity 997 (439)
Other assets (2,989) (784)
Accrued expenses and other liabilities 1,491 (782)
Other 415 (133)
Net cash provided (used) by operating activities 1,643 2,195
Sales    
Securities available for sale 2,575 7,495
Loans 525 1,011
Repayments/maturities    
Securities available for sale 9,403 15,970
Securities held to maturity 1,395 46
Purchases    
Securities available for sale (22,145) (44,380)
Securities held to maturity (1,289) (75)
Loans (1,298) (1,291)
Net change in    
Federal funds sold and resale agreements (919) (75)
Interest-earning deposits with banks 45,846 26,039
Loans (21,929) 9,739
Net cash paid for acquisition   (10,511)
Other (1,147) (1,018)
Net cash provided (used) by investing activities 11,017 2,950
Net change in    
Noninterest-bearing deposits (8,717) 5,771
Interest-bearing deposits (7,730) (3,730)
Federal funds purchased and repurchase agreements (5) 75
Other borrowed funds 1,098 94
Sales/issuances    
Federal Home Loan Bank borrowings 10,000
Bank notes and senior debt 996
Subordinated debt 847
Other borrowed funds 435 353
Preferred stock 990
Common and treasury stock 34 36
Repayments/maturities    
Federal Home Loan Bank borrowings (3,680)
Bank notes and senior debt (5,250) (1,850)
Other borrowed funds (435) (346)
Acquisition of treasury stock (2,076) (67)
Preferred stock cash dividends paid (116) (105)
Common stock cash dividends paid (1,157) (985)
Net cash provided (used) by financing activities (12,082) (3,438)
Net Increase (Decrease) In Cash And Due From Banks And Restricted Cash 578 1,707
Cash and due from banks and restricted cash at beginning of period 8,004 7,017
Cash and due from banks and restricted cash at end of period 8,582 8,724
Cash and due from banks and restricted cash    
Cash and due from banks at end of period (unrestricted cash) 7,950 8,128
Restricted cash 632 596
Cash and due from banks and restricted cash at end of period 8,582 8,724
Supplemental Disclosures    
Interest paid 420 336
Income taxes paid 62 384
Income taxes refunded 8 65
Leased assets obtained in exchange for new operating lease liabilities 103 248
Non-cash Investing and Financing Items    
Transfer from securities available for sale to securities held to maturity [1] 83,419
Transfer from loans to loans held for sale, net 330 489
Transfer from loans to foreclosed assets $ 25 $ 15
[1] During the first six months of 2022, we transferred securities from available for sale to held to maturity in non-cash transactions. The amount of $83.4 billion includes the aggregate fair value of the securities of $77.8 billion and aggregate net pretax unrealized losses of $5.6 billion included in AOCI at transfer. See Note 3 Investment Securities for more detailed information on the transfers.