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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities    
Net income $ 1,826 $ 915
Adjustments to reconcile net income to net cash provided (used) by operating activities    
Provision for (recapture of) credit losses (551) 914
Depreciation and amortization 375 328
Deferred income taxes (138) (226)
Changes in fair value of mortgage servicing rights (323) 620
Undistributed earnings of BlackRock   (56)
Net change in    
Trading securities and other short-term investments 564 (1,014)
Loans held for sale (342) (452)
Other assets (822) (6,912)
Accrued expenses and other liabilities 245 5,376
Other (54) (189)
Net cash provided (used) by operating activities 780 (696)
Sales    
Securities available for sale 5,558 5,447
Loans 406 314
Repayments/maturities    
Securities available for sale 7,263 4,332
Securities held to maturity 14 12
Purchases    
Securities available for sale (22,094) (11,889)
Securities held to maturity (21) (4)
Loans (778) (100)
Net change in    
Federal funds sold and resale agreements (136) 965
Interest-earning deposits with banks (988) 3,427
Loans 5,043  
Loans   (25,758)
Other (339) (125)
Net cash provided (used) by investing activities (6,072) (23,379)
Net change in    
Noninterest-bearing deposits 8,096 8,857
Interest-bearing deposits 1,718 7,829
Federal funds purchased and repurchase agreements (3) 2,306
Short-term Federal Home Loan Bank borrowings   (400)
Other borrowed funds 168 1,044
Sales/issuances    
Federal Home Loan Bank borrowings   9,060
Bank notes and senior debt   3,486
Other borrowed funds 188 172
Common and treasury stock 27 23
Repayments/maturities    
Federal Home Loan Bank borrowings (2,000) (1,510)
Bank notes and senior debt (1,650) (2,100)
Other borrowed funds (198) (172)
Acquisition of treasury stock (66) (1,522)
Preferred stock cash dividends paid (57) (63)
Common stock cash dividends paid (493) (503)
Net cash provided (used) by financing activities 5,730 26,507
Net Increase (Decrease) In Cash And Due From Banks And Restricted Cash 438 2,432
Net cash provided by discontinued operations 126
Net cash provided (used) by continuing operations 438 2,306
Cash and due from banks and restricted cash at beginning of period 7,017 5,061
Cash and due from banks and restricted cash at end of period 7,455 7,493
Cash and due from banks at end of period (unrestricted cash) 6,698 7,161
Restricted cash 757 332
Supplemental Disclosures    
Interest paid 188 638
Income taxes paid 15 36
Income taxes refunded 4 5
Leased assets obtained in exchange for new operating lease liabilities 12 57
Non-cash Investing and Financing Items    
Transfer from loans to loans held for sale, net 344 313
Transfer from loans to foreclosed assets $ 7 $ 37