v3.26.1
CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income $ 681 $ 449
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization (38) (31)
Provision for credit losses 10 160
Net realized gains on securities available-for-sale (20) (9)
Net change in other assets and liabilities 162 (296)
Net change in loans held for sale:    
Originations and purchases of loans held for sale (565) (410)
Sales and collections of loans held for sale 395 377
Net change in trading assets and liabilities (3,375) (689)
Loss on instruments designated at fair value and related derivatives 17 4
Net cash used in operating activities (2,733) (445)
Cash flows from investing activities    
Net change in federal funds sold and securities purchased under agreements to resell 4,795 6,188
Securities available-for-sale:    
Purchases of securities available-for-sale (13,006) (8,325)
Proceeds from sales of securities available-for-sale 8,011 2,723
Proceeds from paydowns and maturities of securities available-for-sale 1,822 2,303
Securities held-to-maturity:    
Purchases of securities held-to-maturity (3,115) (1,534)
Proceeds from paydowns and maturities of securities held-to-maturity 948 814
Change in loans:    
Originations, net of collections (5,666) (2,093)
Loans sold to third parties 2,958 518
Other, net (95) (71)
Net cash provided by (used in) investing activities (3,348) 523
Cash flows from financing activities    
Net change in deposits 2,673 2,752
Debt:    
Net change in short-term borrowings 2,169 706
Issuance of long-term debt 6,778 8,183
Repayment of long-term debt (4,405) (4,992)
Other decreases in capital surplus (16) (9)
Dividends paid (308) (1,008)
Net cash provided by financing activities 6,891 5,632
Net change in cash and due from banks and interest bearing deposits with banks 810 5,710
Cash and due from banks and interest bearing deposits with banks at beginning of period 23,910 23,246
Cash and due from banks and interest bearing deposits with banks at end of period $ 24,720 $ 28,956