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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net income $ 1,131 $ 1,432
Adjustments to reconcile net income to net cash from operating activities:    
Provision for credit losses 24 (479)
Depreciation, amortization and accretion, net 201 195
Securities (gains) losses, net 0 (2)
Deferred income tax expense (benefit) 76 180
Originations and purchases of loans held for sale (2,811) (3,516)
Proceeds from sales of loans held for sale 3,168 4,143
(Gain) loss on sale of loans, net (18) (123)
Net change in operating assets and liabilities:    
Other earning assets (244) (40)
Interest receivable and other assets (620) (313)
Other liabilities 637 (128)
Other (39) 79
Net cash from operating activities 1,505 1,428
Investing activities:    
Proceeds from maturities of debt securities held to maturity 63 129
Proceeds from sales of debt securities available for sale 1,106 45
Proceeds from maturities of debt securities available for sale 2,621 2,961
Purchases of debt securities available for sale (6,789) (5,790)
Net (payments for) proceeds from bank-owned life insurance (1) 1
Proceeds from sales of loans 461 203
Purchases of loans (571) (548)
Purchases of residential mortgage servicing rights (234) (37)
Net change in loans (5,602) 1,594
Net purchases of other assets (41) (37)
Net cash from investing activities (8,987) (1,479)
Financing activities:    
Net change in deposits (809) 9,005
Payments on long-term borrowings 0 (674)
Net proceeds from issuance of preferred stock 0 390
Payments for Repurchase of Preferred Stock and Preference Stock 0 500
Cash dividends on common stock (319) (298)
Cash dividends on preferred stock (49) (57)
Repurchases of common stock (230) (167)
Taxes paid related to net share settlement of equity awards (22) (10)
Net cash from financing activities (1,429) 7,689
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (8,911) 7,638
Cash and cash equivalents at beginning of year 29,411 17,956
Cash and cash equivalents at end of period $ 20,500 $ 25,594
Document Fiscal Year Focus 2022