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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities    
Net income $ 4,570 $ 2,645
Adjustments to reconcile net income to net cash provided (used) by operating activities    
Provision for credit losses 3,377 369
Depreciation and amortization 712 579
Deferred income taxes (2,501) 106
Net gains on sales of securities (222) (32)
Changes in fair value of mortgage servicing rights 728 502
Gain on sale of BlackRock (5,740)  
Undistributed earnings of BlackRock (174) (220)
Net change in    
Trading securities and other short-term investments (266) 1,465
Loans held for sale (170) (116)
Other assets (1,675) (2,286)
Accrued expenses and other liabilities 3,161 812
Other 531 (180)
Net cash provided (used) by operating activities 2,331 3,644
Sales    
Securities available for sale 12,055 2,817
Net proceeds from sale of BlackRock 14,225  
Loans 597 520
Repayments/maturities    
Securities available for sale 10,110 4,795
Securities held to maturity 38 1,155
Purchases    
Securities available for sale (31,593) (11,141)
Securities held to maturity (44) (292)
Loans (173) (735)
Net change in    
Federal funds sold and resale agreements 460 4,538
Interest-earning deposits with banks (26,820) (7,469)
Loans (19,886) (11,169)
Other (206) (502)
Net cash provided (used) by investing activities (41,237) (17,483)
Net change in    
Noninterest-bearing deposits 26,673 (3,992)
Interest-bearing deposits 30,778 9,514
Federal funds purchased and repurchase agreements (5,888) 1,546
Federal Home Loan Bank borrowings (6,300)  
Federal Home Loan Bank borrowings   6,875
Non-cash Investing and Financing Items    
Transfer from loans to loans held for sale, net 542 256
Transfer from trading securities to investment securities 289  
Transfer from loans to foreclosed assets 43 90
Other borrowed funds 1,486 (119)
Sales/issuances    
Federal Home Loan Bank borrowings 9,060 12,000
Bank notes and senior debt 3,487 4,438
Other borrowed funds 304 771
Common and treasury stock 34 40
Repayments/maturities    
Federal Home Loan Bank borrowings (10,601) (11,000)
Bank notes and senior debt (5,897) (2,350)
Subordinated debt   (700)
Other borrowed funds (318) (777)
Acquisition of treasury stock (1,523) (1,613)
Preferred stock cash dividends paid (118) (118)
Common stock cash dividends paid (994) (868)
Net cash provided (used) by financing activities 40,183 13,647
Net Increase (Decrease) In Cash And Due From Banks And Restricted Cash 1,277 (192)
Net cash provided by discontinued operations 14,299 159
Net cash provided (used) by continuing operations (13,022) (351)
Cash and due from banks and restricted cash at beginning of period 5,061 5,608
Cash and due from banks and restricted cash at end of period 6,338 5,416
Cash and due from banks at end of period (unrestricted cash) 5,977 5,416
Restricted cash 361  
Supplemental Disclosures    
Interest paid 913 1,905
Income taxes paid 528 217
Income taxes refunded 9 7
Leased assets obtained in exchange for new operating lease liabilities $ 59 236
Right-of-use assets recognized at adoption of ASU 2016-02   $ 2,004