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CONSOLIDATED STATEMENT OF CASH FLOWS
$ in Millions
6 Months Ended
Jun. 30, 2019
USD ($)
Jun. 30, 2018
USD ($)
Cash flows from operating activities    
Net income $ 230 $ 31
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 30 (46)
Provision for credit losses 104 (116)
Net realized gains on securities available-for-sale (30) (15)
Net change in other assets and liabilities 2,306 639
Net change in loans held for sale:    
Originations and purchases of loans held for sale (1,160) (1,311)
Sales and collections of loans held for sale 1,155 1,786
Net change in trading assets and liabilities (11,141) (11,023)
Lower of amortized cost or fair value adjustments on loans held for sale 0 (4)
Loss (gain) on instruments designated at fair value and related derivatives 26 (34)
Net cash used in operating activities (8,480) (10,093)
Cash flows from investing activities    
Net change in federal funds sold and securities purchased under agreements to resell 4,879 22,442
Securities available-for-sale:    
Purchases of securities available-for-sale (12,608) (5,410)
Proceeds from sales of securities available-for-sale 4,189 2,610
Proceeds from maturities of securities available-for-sale 3,832 1,594
Securities held-to-maturity:    
Purchases of securities held-to-maturity (384) (2,344)
Proceeds from maturities of securities held-to-maturity 1,109 1,154
Change in loans:    
Originations, net of collections (3,654) 5,728
Loans sold to third parties 464 445
Net cash used for acquisitions of properties and equipment (15) (2)
Net outflows related to the sale of a portion of our Private Banking business 0 (378)
Other, net 52 (10)
Net cash provided by (used in) investing activities (2,136) 25,829
Cash flows from financing activities    
Net change in deposits 5,671 (3,757)
Debt:    
Net change in short-term borrowings 4,469 1,741
Issuance of long-term debt 2,928 2,678
Repayment of long-term debt (4,294) (5,220)
Return of capital to parent (2,400) 0
Other increases (decreases) in capital surplus (2) 5
Dividends paid (38) (37)
Net cash provided by (used in) financing activities 6,334 (4,590)
Net change in cash and due from banks and interest bearing deposits with banks(1) (4,282) [1] 11,146 [1]
Cash and due from banks and interest bearing deposits with banks at beginning of period 17,214 [1] 12,272 [1]
Cash and and due from banks and interest bearing deposits with banks at end of period 12,932 [1] 23,418 [1]
Derivative Liabilities $ 31,463  
Adjustments for New Accounting Pronouncement [Member]    
Debt:    
Net change in cash and due from banks and interest bearing deposits with banks(1)   $ 11,331 [1]
[1] As a result of adopting new accounting guidance in 2018, we changed our presentation of cash and cash equivalents to include cash and due from banks as well as interest bearing deposits with banks, which includes restricted cash. See Note 2, "Summary of Significant Accounting Policies and New Accounting Pronouncements," in our 2018 Form 10-K for further discussion. This resulted in an increase in cash provided by investing activities of $11,331 million during the six months ended June 30, 2018.