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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
OPERATING ACTIVITIES    
Net income $ 1,341 $ 1,256
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 283 241
Originations of mortgage loans held for sale (14,047) (4,384)
Proceeds from sales of mortgage loans held for sale 13,265 4,259
Purchases of commercial loans held for sale (1,507) (1,450)
Proceeds from sales of commercial loans held for sale 1,592 1,457
Depreciation, amortization and accretion 440 357
Mortgage servicing rights valuation charge-off (recovery) 15 (3)
Debt securities impairment 2 3
Deferred income taxes (41) 23
Share-based compensation 44 40
Net gain on sales of:    
Debt securities (21) (13)
Premises and equipment (6) 0
Increase in other assets (523) (918)
Increase in other liabilities 133 339
Net cash provided by operating activities 970 1,207
Investment securities:    
Purchases of debt securities available for sale (4,633) (3,084)
Proceeds from maturities and paydowns of debt securities available for sale 2,728 2,512
Proceeds from sales of debt securities available for sale 1,495 405
Proceeds from maturities and paydowns of debt securities held to maturity 280 402
Other, net 136 (6)
Purchases of equity securities, at cost (328) (568)
Proceeds from sales of equity securities, at cost 428 416
Net (increase) decrease in interest-bearing deposits in banks (10) 50
Purchases of mortgage servicing rights 0 (16)
Acquisitions, net of cash acquired (129) (533)
Net increase in loans and leases (1,534) (4,278)
Net increase in bank-owned life insurance (22) (31)
Premises and equipment:    
Purchases (78) (157)
Proceeds from sales 31 0
Capitalization of software (150) (175)
Net cash used in investing activities (1,786) (5,063)
FINANCING ACTIVITIES    
Net increase in deposits 5,139 1,986
Net decrease in federal funds purchased and securities sold under agreements to repurchase (289) (441)
Net increase (decrease) in other short-term borrowed funds 45 (3,107)
Proceeds from issuance of long-term borrowed funds 7,300 17,503
Repayments of long-term borrowed funds (10,556) (10,333)
Treasury stock purchased (820) (725)
Net proceeds from issuance of preferred stock 293 296
Dividends declared and paid to common stockholders (459) (344)
Dividends declared and paid to preferred stockholders (48) (7)
Payments of employee tax withholding for share-based compensation (21) (13)
Net cash provided by financing activities 584 4,815
(Decrease) increase in cash and cash equivalents [1] (232) 959
Cash and cash equivalents at beginning of period [1] 4,074 3,032
Cash and cash equivalents at end of period [1] $ 3,842 $ 3,991
[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.