v3.24.1.u1
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities    
Net income $ 1,344 $ 1,694
Adjustments to reconcile net income to net cash provided (used) by operating activities    
Provision for (recapture of) credit losses 155 235
Depreciation, amortization and accretion 37 65
Deferred income taxes (benefit) (44) (30)
Changes in fair value of mortgage servicing rights (43) 174
Net change in    
Trading securities and other short-term investments 434 (385)
Loans held for sale and related securitization activity 11 (11)
Other assets (300) 1,108
Accrued expenses and other liabilities (263) (1,142)
Other operating activities, net 427 168
Net cash provided (used) by operating activities 1,758 1,876
Sales    
Securities available for sale (63) (73)
Loans 96 215
Repayments/maturities    
Securities available for sale 1,056 2,293
Securities held to maturity 2,883 1,502
Purchases    
Securities available for sale (1,766) (612)
Securities held to maturity (56) (1,324)
Loans (279) (261)
Net change in    
Federal funds sold and resale agreements (4) 32
Interest-earning deposits with banks (9,808) (6,580)
Loans 1,667 (587)
Other investing activities, net (91) (317)
Net cash provided (used) by investing activities (6,365) (5,712)
Net change in    
Noninterest-bearing deposits (3,260) (6,462)
Interest-bearing deposits 7,430 7,023
Federal funds purchased and repurchase agreements (167) (94)
Short-term Federal Home Loan Bank borrowings (50)
Other borrowed funds 95 (74)
Sales/issuances    
Senior debt 2,490 2,743
Other borrowed funds 181 167
Preferred stock 1,484
Common and treasury stock 24 26
Repayments/maturities    
Federal Home Loan Bank borrowings (1,000) (5)
Senior debt (1,050)
Subordinated debt (750)
Other borrowed funds (196) (141)
Acquisition of treasury stock (223) (459)
Preferred stock cash dividends paid (81) (68)
Common stock cash dividends paid (624) (607)
Net cash provided (used) by financing activities 3,619 2,733
Net Increase (Decrease) In Cash And Due From Banks And Restricted Cash (988) (1,103)
Cash and due from banks and restricted cash at end of period 5,933 5,940
Cash and due from banks and restricted cash at beginning of period 6,921 7,043
Cash And Due From Banks And Restricted Cash    
Cash and due from banks at end of period (unrestricted cash) 4,999 5,335
Restricted cash 934 605
Cash and due from banks and restricted cash at end of period 5,933 5,940
Supplemental Disclosures    
Interest paid 2,861 1,691
Income taxes paid 35 56
Income taxes refunded 6 3
Leased assets obtained in exchange for new operating lease liabilities 75 45
Non-cash Investing And Financing Items    
Transfer from loans to loans held for sale, net 8 106
Transfer from loans to foreclosed assets $ 13 $ 16

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