Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows

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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Operating activities      
Net income $ 7,311 $ 6,918  
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 1,013 834  
Gains on sales of debt securities (6) (2)  
Depreciation and premises improvements amortization 392 376  
Amortization of intangibles 26 135 $ 26
Net amortization of premium/discount on debt securities 362 475  
Deferred income taxes 763 804  
Stock-based compensation 504 415  
Loans held-for-sale:      
Originations and purchases (3,566) (5,745)  
Proceeds from sales and paydowns of loans originally classified as held for sale and instruments from related securitization activities 7,848 9,876  
Net change in:      
Trading and derivative instruments (6,543) 15,807  
Other assets 3,995 11,233  
Accrued expenses and other liabilities (346) (814)  
Other operating activities, net 3,348 42  
Net cash provided by operating activities 15,101 40,354  
Net change in:      
Time deposits placed and other short-term investments (1,986) 3,084  
Federal funds sold and securities borrowed or purchased under agreements to resell (5,886) (31,883)  
Debt securities carried at fair value:      
Proceeds from sales 31,136 683  
Proceeds from paydowns and maturities 18,903 19,052  
Purchases (51,028) (14,176)  
Held-to-maturity debt securities:      
Proceeds from paydowns and maturities 5,284 3,764  
Purchases (416) (2,453)  
Loans and leases:      
Proceeds from sales of loans originally classified as held for investment and instruments from related securitization activities 2,952 2,684  
Purchases (1,060) (1,609)  
Other changes in loans and leases, net (1,999) (1,190)  
Other investing activities, net (667) (805)  
Net cash used in investing activities (4,767) (22,849)  
Net change in:      
Deposits (2,139) 19,119  
Federal funds purchased and securities loaned or sold under agreements to repurchase 1,463 1,626  
Short-term borrowings (6,181) 5,407  
Long-term debt:      
Proceeds from issuance 14,716 20,934  
Retirement (14,292) (13,577)  
Preferred stock:      
Proceeds from issuance 0 2,349  
Common stock repurchased (6,263) (4,858)  
Cash dividends paid (1,926) (1,674)  
Other financing activities, net (886) (724)  
Net cash provided by (used in) financing activities (15,508) 28,602  
Effect of exchange rate changes on cash and cash equivalents (607) 700  
Net increase (decrease) in cash and cash equivalents (5,781) 46,807  
Cash and cash equivalents at January 1 177,404 157,434 157,434
Cash and cash equivalents at March 31 $ 171,623 $ 204,241 $ 177,404