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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES    
Net income $ 892 $ 813
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 182 163
Originations of mortgage loans held for sale (7,741) (1,345)
Proceeds from sales of mortgage loans held for sale 7,148 1,325
Purchases of commercial loans held for sale (1,076) (1,024)
Proceeds from sales of commercial loans held for sale 1,198 1,039
Depreciation, amortization and accretion 275 243
Mortgage servicing rights valuation charge-off (recovery) 14 (3)
Debt securities impairment 1 2
Deferred income taxes (10) 10
Share-based compensation 32 28
Net gain on sales of:    
Debt securities (16) (10)
Premises and equipment (7) 0
(Increase) decrease in other assets (236) 283
Decrease in other liabilities (79) (109)
Net cash provided by operating activities 577 1,415
Investment securities:    
Purchases of debt securities available for sale (3,502) (2,343)
Proceeds from maturities and paydowns of debt securities available for sale 1,625 1,636
Proceeds from sales of debt securities available for sale 1,250 273
Proceeds from maturities and paydowns of debt securities held to maturity 171 271
Purchases of equity securities, at fair value (549) (80)
Proceeds from sales of equity securities, at fair value 683 78
Purchases of equity securities, at cost (258) (334)
Proceeds from sales of equity securities, at cost 386 287
Net (increase) decrease in interest-bearing deposits in banks (38) 78
Purchases of mortgage servicing rights 0 (16)
Acquisitions, net of cash acquired (129) 0
Net increase in loans and leases (806) (2,992)
Net increase in bank-owned life insurance (13) (21)
Premises and equipment:    
Purchases (41) (94)
Proceeds from sales 31 0
Capitalization of software (98) (116)
Net cash used in investing activities (1,288) (3,373)
FINANCING ACTIVITIES    
Net increase in deposits 4,429 1,984
Net decrease in federal funds purchased and securities sold under agreements to repurchase (24) (489)
Net increase (decrease) in other short-term borrowed funds 147 (2,356)
Proceeds from issuance of long-term borrowed funds 4,500 11,500
Repayments of long-term borrowed funds (9,005) (7,584)
Treasury stock purchased (320) (325)
Net proceeds from issuance of preferred stock 293 296
Dividends declared and paid to common stockholders (297) (215)
Dividends declared and paid to preferred stockholders (30) (7)
Payments of employee tax withholding for share-based compensation (21) (13)
Net cash (used in) provided by financing activities (328) 2,791
(Decrease) increase in cash and cash equivalents [1] (1,039) 833
Cash and cash equivalents at beginning of period [1] 4,074 3,032
Cash and cash equivalents at end of period [1] $ 3,035 $ 3,865
[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.