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Consolidated Statement of Cash Flows
$ in Millions
9 Months Ended
Sep. 30, 2019
USD ($)
Sep. 30, 2018
USD ($)
Operating Activities    
Net income $ 4,037 $ 3,995
Adjustments to reconcile net income to net cash provided (used) by operating activities    
Provision for credit losses 552 260
Depreciation and amortization 904 839
Deferred income taxes 83 (116)
Changes in fair value of mortgage servicing rights 715 (57)
Undistributed earnings of BlackRock (356) (421)
Net change in    
Trading securities and other short-term investments 741 293
Loans held for sale (882) 910
Other assets (2,086) (2,194)
Accrued expenses and other liabilities 831 2,195
Other (291) (1)
Net cash provided (used) by operating activities 4,248 5,703
Sales    
Securities available for sale 5,201 5,422
Loans 1,237 1,180
Repayments/maturities    
Securities available for sale 7,962 6,941
Securities held to maturity 2,193 1,917
Purchases    
Securities available for sale (17,179) (17,635)
Securities held to maturity (1,739) (3,072)
Loans (898) (430)
Net change in    
Federal funds sold and resale agreements 3,192 313
Interest-earning deposits with banks (8,143) 8,795
Loans (11,978) (4,120)
Other (573) (965)
Net cash provided (used) by investing activities (20,725) (1,654)
Net change in    
Noninterest-bearing deposits 180 (5,114)
Interest-bearing deposits 17,627 4,959
Federal funds purchased and repurchase agreements 1,934 1,037
Federal Home Loan Bank borrowings 1,400
Commercial paper   (100)
Other borrowed funds (77) (109)
Sales/issuances    
Federal Home Loan Bank borrowings 12,000 6,500
Bank notes and senior debt 6,930 3,238
Subordinated debt 1,243
Other borrowed funds 929 400
Common and treasury stock 73 61
Repayments/maturities    
Federal Home Loan Bank borrowings (13,000) (7,501)
Bank notes and senior debt (5,600) (4,175)
Subordinated debt (700) (575)
Other borrowed funds (963) (429)
Acquisition of treasury stock (2,626) (2,145)
Preferred stock cash dividends paid (181) (181)
Common stock cash dividends paid (1,386) (1,159)
Net cash provided (used) by financing activities 16,540 (4,050)
Net Increase (Decrease) In Cash And Due From Banks 63 (1)
Cash and due from banks at beginning of period 5,608 5,249
Cash and due from banks at end of period 5,671 5,248
Supplemental Disclosures    
Interest paid 2,915 1,881
Income taxes paid 321 324
Income taxes refunded 7 463
Leased assets obtained in exchange for new operating lease liabilities 238  
Right-of-use assets recognized at adoption of ASU 2016-02 2,004  
Non-cash Investing and Financing Items    
Transfer from loans to loans held for sale, net 771 359
Transfer from loans to foreclosed assets 131 145
Transfer from trading securities to investment securities $ 228