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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities      
Net income $ 129 $ 330 $ 354
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization (45) 158 142
Provision for credit losses 372 [1] 361 188
Deferred income tax provision (140) 190 185
Other-than-temporary impairment related to securities held-to-maturity 0 0 11
Net realized gains on securities available-for-sale (70) (48) (122)
Realized losses on securities held-to-maturity 0 0 9
Net change in other assets and liabilities 1,726 386 180
Net change in loans held for sale:      
Originations and purchases of loans held for sale (2,398) (2,145) (1,515)
Sales and collections of loans held for sale 2,581 2,371 1,500
Net change in trading assets and liabilities (2,312) 3,298 5,091
Lower of amortized cost or fair value adjustments on loans held for sale 83 14 2
Gain (loss) on instruments designated at fair value and related derivatives 71 (264) (75)
Net cash provided by (used in) operating activities (3) 4,651 5,950
Cash flows from investing activities      
Net change in interest bearing deposits with banks (12,760) 23,329 (11,193)
Net change in federal funds sold and securities purchased under agreements to resell (10,176) (18,434) 706
Securities available-for-sale:      
Purchases of securities available-for-sale (22,815) (23,375) (19,012)
Proceeds from sales of securities available-for-sale 19,462 15,149 29,839
Proceeds from maturities of securities available-for-sale 1,930 1,954 3,857
Securities held-to-maturity:      
Purchases of securities held-to-maturity (1,538) (2,993) (1,875)
Proceeds from sales of securities held-to-maturity 0 0 67
Proceeds from maturities of securities held-to-maturity 2,704 2,408 762
Change in loans:      
Originations, net of collections 7,391 (7,145) (11,416)
Loans sold to third parties 1,621 13 852
Proceeds from Divestiture of Businesses 0 0 98
Net cash used for acquisitions of properties and equipment (32) (43) (38)
Other, net 111 (386) 34
Net cash used in investing activities (14,102) (9,523) (7,319)
Cash flows from financing activities      
Net change in deposits 10,525 2,472 3,327
Debt:      
Net change in short-term borrowings 110 (7,806) (6,340)
Issuance of long-term debt 8,694 16,586 8,067
Repayment of long-term debt (4,869) (9,937) (3,686)
Preferred stock issuance 1,265 0 0
Preferred stock redemption (1,265) (300) 0
Capital contribution from parent 0 4,000 0
Other decreases in capital surplus (21) (1) 4
Dividends paid (67) (65) (73)
Net cash provided by financing activities 14,372 4,949 1,299
Net change in cash and due from banks 267 77 (70)
Cash and due from banks at beginning of period 968 891 961
Cash and due from banks at end of period 1,235 968 891
Supplemental disclosure of cash flow information      
Interest paid during the period 1,446 942 752
Net income taxes paid (refunded) during the period (289) 354 31
Supplemental disclosure of non-cash investing activities      
Transfer of loans to held for sale, net 1,588 1,850 316
Transfer of other assets to loans held for sale 78 0 0
Transfer of securities available-for-sale to securities held-to-maturity 0 0 10,985
Fair value of properties added to real estate owned upon foreclosure $ 41 $ 40 $ 50
[1] The provision for credit losses and charge-offs for residential mortgage loans during 2016 includes $11 million related to the lower of amortized cost or fair value adjustment attributable to credit factors for loans transferred to held for sale. See Note 7, "Loans Held for Sale," for additional information.