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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
OPERATING ACTIVITIES    
Net income $ 611 $ 34
Adjustments to reconcile net income to net cash used in operating activities:    
Provision for credit losses (140) 600
Net change in loans held for sale (622) (860)
Depreciation, amortization and accretion 152 204
Deferred income taxes 80 (134)
Share-based compensation 22 21
Net gain on sale of debt securities (3) 0
Increase in other assets (773) (1,022)
Decrease in other liabilities (17) (170)
Net cash used in operating activities (690) (1,327)
Investment securities:    
Purchases of debt securities available for sale (4,256) (2,102)
Proceeds from maturities and paydowns of debt securities available for sale 2,281 1,010
Proceeds from sales of debt securities available for sale 54 0
Proceeds from maturities and paydowns of debt securities held to maturity 241 131
Net (increase) decrease in interest-bearing deposits in banks (2) 17
Acquisitions, net of cash acquired 0 (3)
Net decrease (increase) in loans and leases 1,042 (7,630)
Capital expenditures, net (10) (16)
Purchase of bank-owned life insurance (375) 0
Other (47) (175)
Net cash used in investing activities (1,072) (8,768)
FINANCING ACTIVITIES    
Net increase in deposits 4,185 8,162
Net (decrease) increase in short-term borrowed funds (176) 780
Proceeds from issuance of long-term borrowed funds 0 6,800
Repayments of long-term borrowed funds (4) (4,500)
Treasury stock purchased (95) (270)
Dividends paid to common stockholders (167) (168)
Dividends paid to preferred stockholders (32) (23)
Premium paid to exchange subordinated debt (1) 0
Payments of employee tax withholding for share-based compensation (21) (14)
Net cash provided by financing activities 3,689 10,767
(Decrease) increase in cash and cash equivalents [1] 1,927 672
Cash and cash equivalents at beginning of period [1] 12,733 3,386
Cash and cash equivalents at end of period [1] $ 14,660 $ 4,058
[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.