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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
OPERATING ACTIVITIES          
Net income     $ 813 $ 638  
Adjustments to reconcile net income to net cash provided by operating activities:          
Provision for credit losses     163 166  
Originations of mortgage loans held for sale     (1,345) (1,394)  
Proceeds from sales of mortgage loans held for sale     1,325 1,544  
Purchases of commercial loans held for sale     (1,024) (1,001)  
Proceeds from sales of commercial loans held for sale     1,039 946  
Depreciation, amortization and accretion     243 258  
Mortgage servicing rights valuation recovery     (3) (1)  
Debt securities impairment $ 1 $ 4 2 5  
Deferred income taxes     10 (20)  
Share-based compensation     28 27  
Net gain on sales of:          
Debt securities     (10) (7)  
Equity securities     0 (1)  
Decrease in other assets     283 32  
Decrease in other liabilities     (109) (655)  
Net cash provided by operating activities     1,415 537  
Investment securities:          
Purchases of debt securities available for sale     (2,343) (2,282)  
Proceeds from maturities and paydowns of debt securities available for sale     1,636 1,670  
Proceeds from sales of debt securities available for sale     273 407  
Purchases of debt securities held to maturity     0 (171)  
Proceeds from maturities and paydowns of debt securities held to maturity     271 277  
Purchases of equity securities, at fair value     (80) (174)  
Proceeds from sales of equity securities, at fair value     78 172  
Purchases of equity securities, at cost     (334) (243)  
Proceeds from sales of equity securities, at cost     287 409  
Net decrease in interest-bearing deposits in banks     78 6  
Purchases of mortgage servicing rights     (16) 0  
Net increase in loans and leases     (2,992) (1,785)  
Net increase in bank-owned life insurance     (21) (24)  
Premises and equipment:          
Purchases     (94) (64)  
Capitalization of software     (116) (83)  
Net cash used in investing activities     (3,373) (1,885)  
FINANCING ACTIVITIES          
Net increase in deposits     1,984 3,809  
Net decrease in federal funds purchased and securities sold under agreements to repurchase     (489) (719)  
Net decrease in other short-term borrowed funds     (2,356) (1,208)  
Proceeds from issuance of long-term borrowed funds     11,500 10,109  
Repayments of long-term borrowed funds     (7,584) (9,751)  
Treasury stock purchased     (325) (260)  
Net proceeds from issuance of preferred stock     296 0  
Dividends declared and paid to common stockholders     (215) (143)  
Dividends declared and paid to preferred stockholders     (7) (7)  
Payments of employee tax withholding for share-based compensation     (13) (19)  
Net cash provided by financing activities     2,791 1,811  
Increase in cash and cash equivalents [1]     833 463  
Cash and cash equivalents at beginning of period [1]     3,032 3,704 $ 3,704
Cash and cash equivalents at end of period [1] $ 3,865 $ 4,167 $ 3,865 $ 4,167 $ 3,032
[1] Cash and cash equivalents includes cash and due from banks and interest-bearing cash and due from banks as reflected on the Consolidated Balance Sheets.