v3.23.2
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities    
Net income $ 3,194 $ 2,925
Adjustments to reconcile net income to net cash provided (used) by operating activities    
Provision for (recapture of) credit losses 381 (172)
Depreciation, amortization and accretion 125 529
Deferred income taxes (benefit) (75) 203
Net losses on sales of securities 2 4
Changes in fair value of mortgage servicing rights 136 (435)
Net change in    
Trading securities and other short-term investments (601) (1,325)
Loans held for sale and related securitization activity 522 997
Other assets 1,410 (2,989)
Accrued expenses and other liabilities (494) 1,491
Other 532 415
Net cash provided (used) by operating activities 5,132 1,643
Sales    
Securities available for sale (70) 2,575
Loans 605 525
Repayments/maturities    
Securities available for sale 4,038 9,403
Securities held to maturity 3,076 1,395
Purchases    
Securities available for sale (1,272) (22,145)
Securities held to maturity (1,513) (1,289)
Loans (416) (1,298)
Net change in    
Federal funds sold and resale agreements 229 (919)
Interest-earning deposits with banks (10,794) 45,846
Loans 3,305 (21,929)
Other (590) (1,147)
Net cash provided (used) by investing activities (3,402) 11,017
Net change in    
Noninterest-bearing deposits (13,982) (8,717)
Interest-bearing deposits 5,166 (7,730)
Federal funds purchased and repurchase agreements 94 (5)
Other borrowed funds (35) 1,098
Sales/issuances    
Federal Home Loan Bank borrowings 2,000 10,000
Senior debt 6,235
Subordinated debt 847
Other borrowed funds 486 435
Preferred stock 1,484 990
Common and treasury stock 36 34
Repayments/maturities    
Federal Home Loan Bank borrowings (75)
Senior debt (750) (5,250)
Subordinated debt (750)
Other borrowed funds (495) (435)
Acquisition of treasury stock (588) (2,076)
Preferred stock cash dividends paid (195) (116)
Common stock cash dividends paid (1,213) (1,157)
Net cash provided (used) by financing activities (2,582) (12,082)
Net Increase (Decrease) In Cash And Due From Banks And Restricted Cash (852) 578
Cash and due from banks and restricted cash at end of period 6,191 8,582
Cash and due from banks and restricted cash at beginning of period 7,043 8,004
Cash And Due From Banks And Restricted Cash    
Cash and due from banks at end of period (unrestricted cash) 5,604 7,950
Restricted cash 587 632
Cash and due from banks and restricted cash at end of period 6,191 8,582
Supplemental Disclosures    
Interest paid 2,586 420
Income taxes paid 719 62
Income taxes refunded 824 8
Leased assets obtained in exchange for new operating lease liabilities 113 103
Non-cash Investing And Financing Items    
Transfer from securities available for sale to securities held to maturity 83,419
Transfer from loans to loans held for sale, net 712 330
Transfer from loans to foreclosed assets $ 32 $ 25

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