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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net income $ 133 $ 251
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization (15) 77
Provision for credit losses 291 47
Net realized gains on securities available-for-sale (65) (58)
Net change in other assets and liabilities (1,800) (564)
Net change in loans held for sale:    
Originations and purchases of loans held for sale (974) (1,341)
Sales and collections of loans held for sale 1,069 1,276
Net change in trading assets and liabilities 1,510 1,605
Lower of amortized cost or fair value adjustments on loans held for sale 71 9
Gain on instruments designated at fair value and related derivatives (178) (141)
Net cash provided by operating activities 42 1,161
Cash flows from investing activities    
Net change in interest bearing deposits with banks (6,321) 10,748
Net change in federal funds sold and securities purchased under agreements to resell (14,814) (14,699)
Securities available-for-sale:    
Purchases of securities available-for-sale (14,192) (13,190)
Proceeds from sales of securities available-for-sale 12,671 8,692
Proceeds from maturities of securities available-for-sale 764 995
Securities held-to-maturity:    
Purchases of securities held-to-maturity (327) (1,995)
Proceeds from maturities of securities held-to-maturity 1,115 1,288
Change in loans:    
Originations, net of collections 2,167 (5,943)
Loans sold to third parties 1,448 130
Net cash used for acquisitions of properties and equipment (11) (25)
Other, net (62) (387)
Net cash used in investing activities (17,562) (14,386)
Cash flows from financing activities    
Net change in deposits 14,018 6,428
Debt:    
Net change in short-term borrowings 2,382 (69)
Issuance of long-term debt 2,559 12,128
Repayment of long-term debt (1,464) (8,739)
Preferred stock issuance 1,265 0
Preferred stock redemption (1,265) (300)
Capital contribution from parent 0 4,000
Other decreases in capital surplus 0 (1)
Dividends paid (28) (36)
Net cash provided by financing activities 17,467 13,411
Net change in cash and due from banks (53) 186
Cash and due from banks at beginning of period 968 891
Cash and due from banks at end of period $ 915 $ 1,077