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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 1,129 $ 539 $ 816
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses (276) 414 39
Depreciation and amortization (14) 86 188
Share-based compensation 28 26 27
Deferred income tax expense (benefit) 32 (58) (2)
Net decrease (increase) in trading securities (107) (83) (76)
Net decrease (increase) in loans held for sale 14 (10) (84)
Change in other liabilities 13 57 (14)
Change in other assets (78) (223) (179)
Other, net (112) (29) (18)
Net cash provided by operating activities 629 719 697
CASH FLOWS FROM INVESTING ACTIVITIES      
Net decrease (increase) in money market investments (5,577) (5,611) 852
Proceeds from maturities and paydowns of investment securities held-to-maturity 457 386 391
Purchases of investment securities held-to-maturity (262) (430) (209)
Proceeds from sales, maturities, and paydowns of investment securities available-for-sale 4,748 4,339 3,105
Purchases of investment securities available-for-sale (13,647) (6,151) (1,864)
Net change in loans and leases 2,814 (4,687) (1,957)
Purchases and sales of other noninterest-bearing investments 63 79 172
Purchases of premises and equipment (206) (171) (117)
Other, net 31 42 2
Net cash provided by (used in) investing activities (11,579) (12,204) 375
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase in deposits 13,136 12,568 2,984
Net change in short-term funds borrowed (669) (481) (3,600)
Cash paid for preferred stock redemptions (126) 0 0
Repayments of long-term debt (286) (429) 0
Proceeds from the issuance of long-term debt 0 0 992
Bank common stock repurchased (800) (76) (1,102)
Proceeds from the issuance of common stock 21 8 14
Dividends paid on common and preferred stock (261) (259) (260)
Other, net (13) (8) (9)
Net cash provided by (used in) financing activities 11,002 11,323 (981)
Net increase (decrease) in cash and due from banks 52 (162) 91
Cash and due from banks at beginning of year 543 705 614
Cash and due from banks at end of year 595 543 705
Cash paid for interest 81 195 401
Net cash paid for income taxes 442 169 233
Noncash activities are summarized as follows:      
Loans held for investment transferred to other real estate owned 25 4 12
Loans held for investment reclassified to loans held for sale, net $ 120 $ (11) $ 85