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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 680 $ 907 $ 1,129
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 132 122 (276)
Depreciation and amortization 140 110 (14)
Share-based compensation 33 30 28
Deferred income tax expense (benefit) (9) (43) 32
Net decrease (increase) in trading securities 22 (93) (107)
Net decrease (increase) in loans held for sale (40) 48 14
Change in other liabilities (299) 892 13
Change in other assets 169 (457) (78)
Other, net 57 (46) (112)
Net cash provided by operating activities 885 1,470 629
CASH FLOWS FROM INVESTING ACTIVITIES      
Net decrease (increase) in money market investments 1,736 8,650 (5,577)
Proceeds from maturities and paydowns of investment securities held-to-maturity 1,052 445 457
Purchases of investment securities held-to-maturity (41) (399) (262)
Proceeds from sales, maturities, and paydowns of investment securities available-for-sale 2,337 3,309 4,748
Purchases of investment securities available-for-sale (666) (5,829) (13,647)
Net change in loans and leases (2,103) (4,628) 2,814
Purchases and sales of other noninterest-bearing investments 183 (298) 63
Purchases of premises and equipment (113) (190) (206)
Acquisition of Nevada branches, net of cash acquired 0 318 0
Other, net (15) 27 31
Net cash provided by (used in) investing activities 2,370 1,405 (11,579)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase (decrease) in deposits 3,309 (11,567) 13,136
Net change in short-term funds borrowed (6,038) 9,514 (669)
Cash paid for preferred stock redemption 0 0 (126)
Redemption of long-term debt (128) (290) (286)
Proceeds from the issuance of common stock 3 9 21
Dividends paid on common and preferred stock (282) (269) (261)
Bank common stock repurchased (51) (202) (800)
Other, net (9) (8) (13)
Net cash provided by (used in) financing activities (3,196) (2,813) 11,002
Net increase in cash and due from banks 59 62 52
Cash and due from banks at beginning of year 657 595 543
Cash and due from banks at end of year 716 657 595
Cash paid for interest 1,368 160 81
Net cash paid for income taxes 255 21 442
Noncash activities:      
Loans held for investment transferred to other real estate owned 0 0 25
Loans held for investment reclassified to loans held for sale, net 68 114 120
Trading securities reclassified to money market investments 395 0 0
Investment securities available-for-sale transferred to held-to-maturity, at amortized cost (fair value $10,691) 0 13,097 0
Deposits acquired in purchase of Nevada branches 0 430 0
Loans acquired in purchase of Nevada branches, net $ 0 $ 95 $ 0