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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net cash provided by (used in) operating activities $ 1,231 $ (320)
Investing Activities    
Proceeds from sale of AFS securities including loans that have been securitized 642 417
Collection of principal on investment securities AFS 97 239
Purchase of investment securities AFS and other (233) (86)
Collection of principal on investment securities HTM 15 58
Proceeds received from the sale of LHFI 0 35
Net closings, purchases, and principal repayments of LHFI 143 1,337
Acquisition of premises and equipment, net of proceeds (12) (11)
Net sale of FHLB stock 48 0
Purchase of MSRs (13) (2)
Other, net (8) (3)
Net cash provided by investing activities 679 1,984
Financing Activities    
Net change in deposit accounts (661) (553)
Net change in short-term FHLB borrowings and other short-term debt (1,680) (1,155)
Repayment of long-term FHLB advances (200) 0
Repayment of long-term debt 0 (246)
Net receipt of payments of loans serviced for others 18 113
Dividends declared and paid (3) (3)
Other 1 6
Net cash used in financing activities (2,525) (1,838)
Net change in cash, cash equivalents and restricted cash [1] (615) (174)
Beginning cash, cash equivalents and restricted cash [1] 1,092 654
Ending cash, cash equivalents and restricted cash [1] 477 480
Supplemental disclosure of cash flow information    
Non-cash reclassification of LHFI to LHFS 2 14
Non-cash reclassification of LHFS to securitized LHFS 642 417
MSRs resulting from sale or securitization of loans 79 65
Operating section supplemental disclosures    
Proceeds from sales of LHFS 9,232 13,721
Closings, premium paid and purchase of LHFS, net of principal repayments $ (8,344) $ (14,109)
[1] For further information on restricted cash, see Note 8 - Derivatives.