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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net income $ 1,429 $ 1,826
Adjustments to reconcile net income to net cash provided (used) by operating activities    
Provision for (recapture of) credit losses (208) (551)
Depreciation and amortization 385 375
Deferred income taxes (benefit) 61 (138)
Changes in fair value of mortgage servicing rights (264) (323)
Net change in    
Trading securities and other short-term investments (1,024) 564
Loans held for sale and related securitization activity 642 (342)
Other assets (3,024) (822)
Accrued expenses and other liabilities 969 245
Other 45 (54)
Net cash provided (used) by operating activities (989) 780
Sales    
Securities available for sale 2,561 5,558
Loans 268 406
Repayments/maturities    
Securities available for sale 6,639 7,263
Securities held to maturity 57 14
Purchases    
Securities available for sale (15,599) (22,094)
Securities held to maturity (1) (21)
Loans (807) (778)
Net change in    
Federal funds sold and resale agreements (478) (136)
Interest-earning deposits with banks 25,474 (988)
Loans (5,631) 5,043
Other 224 (339)
Net cash provided (used) by investing activities 12,707 (6,072)
Net change in    
Noninterest-bearing deposits (4,350) 8,096
Interest-bearing deposits (2,704) 1,718
Federal funds purchased and repurchase agreements 16 (3)
Other borrowed funds 471 168
Sales/issuances    
Other borrowed funds 289 188
Common and treasury stock 22 27
Repayments/maturities    
Federal Home Loan Bank borrowings   (2,000)
Bank notes and senior debt (3,750) (1,650)
Other borrowed funds (289) (198)
Acquisition of treasury stock (1,279) (66)
Preferred stock cash dividends paid (45) (57)
Common stock cash dividends paid (531) (493)
Net cash provided (used) by financing activities (12,150) 5,730
Net Increase (Decrease) In Cash And Due From Banks And Restricted Cash (432) 438
Cash and due from banks and restricted cash at beginning of period 8,004 7,017
Cash and due from banks and restricted cash at end of period 7,572 7,455
Cash and due from banks and restricted cash    
Cash and due from banks at end of period (unrestricted cash) 6,971 6,698
Restricted cash 601 757
Cash and due from banks and restricted cash at end of period 7,572 7,455
Supplemental Disclosures    
Interest paid 85 188
Income taxes paid 16 15
Income taxes refunded 3 4
Leased assets obtained in exchange for new operating lease liabilities 43 12
Non-cash Investing and Financing Items    
Transfer from securities available for sale to securities held to maturity [1] 20,041
Transfer from loans to loans held for sale, net 137 344
Transfer from loans to foreclosed assets $ 8 $ 7
[1] During the first quarter of 2022, we transferred securities from available for sale to held to maturity in a non-cash transaction. The amount of $20.0 billion includes the fair value of the securities of $18.7 billion and net pretax unrealized losses of $1.3 billion included in AOCI. See Note 3 Investment Securities for more detailed information on the transfer.