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CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income $ 201 $ 339
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 38 60
Gain on sale of branch disposal group, net (111) 0
Provision for credit losses 11 (227)
Net realized gains on securities available-for-sale (20) (29)
Net change in other assets and liabilities (1,864) 685
Net change in loans held for sale:    
Originations and purchases of loans held for sale (514) (569)
Sales and collections of loans held for sale 505 662
Net change in trading assets and liabilities 6,600 (1,616)
Lower of amortized cost or fair value adjustments on loans held for sale (3) 0
Gain on instruments designated at fair value and related derivatives (6) (18)
Net cash provided by (used in) operating activities 4,837 (713)
Cash flows from investing activities    
Net change in federal funds sold and securities purchased under agreements to resell 4,755 31,986
Securities available-for-sale:    
Purchases of securities available-for-sale (2,401) (4,001)
Proceeds from sales of securities available-for-sale 316 3,907
Proceeds from paydowns and maturities of securities available-for-sale 1,601 4,593
Securities held-to-maturity:    
Purchases of securities held-to-maturity (145) 0
Proceeds from paydowns and maturities of securities held-to-maturity 537 1,133
Change in loans:    
Originations, net of collections (2,776) 61
Loans sold to third parties 1,126 392
Net cash provided by (used for) sales (acquisitions) of properties and equipment (5) 4
Net outflow related to the sale of branch disposal group (4,621) 0
Other, net 13 59
Net cash provided by (used in) investing activities (1,600) 38,134
Cash flows from financing activities    
Net change in deposits (4,791) 3,473
Debt:    
Net change in short-term borrowings 452 291
Issuance of long-term debt 647 2,288
Repayment of long-term debt (1,241) (4,071)
Other decreases in capital surplus (2) (3)
Net cash provided by (used in) financing activities (4,935) 1,978
Net change in cash and due from banks and interest bearing deposits with banks (1,698) 39,399
Cash and due from banks and interest bearing deposits with banks at beginning of period 48,412 15,655
Cash and due from banks and interest bearing deposits with banks at end of period [1] $ 46,714 $ 55,054
[1] Included $58 million of cash which was reported in other branch related assets held for sale on the consolidated balance sheet at December 31, 2021.