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, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities    
Net income (loss) $ 2,015 [1] $ 5,495 [1]
Reconciliation of net income (loss) to net cash provided by operating activities:    
Provision for credit losses 1,420 [1] 2,924 [1]
Gains on sales of debt securities (759) (525)
Depreciation and premises improvements amortization 781 813
Amortization of intangibles 474 [1] 550 [1]
Net amortization of premium/discount on debt securities 1,278 655
Deferred income taxes 320 884
Originations and purchases of loans held-for-sale (18,794) (40,128)
Proceeds from sales and paydowns of loans originally classified as held-for-sale 19,351 43,871
Net decrease in trading and derivative instruments 12,874 41,218
Net (increase) decrease in other assets (6,936) 25,281
Net increase (decrease) in accrued expenses and other liabilities 15,374 (9,595)
Other operating activities, net 103 1,153
Net cash provided by operating activities 27,501 72,596
Investing activities    
Net decrease in time deposits placed and other short-term investments 2,894 5,778
Net increase in federal funds sold and securities borrowed or purchased under agreements to resell (39,121) (4,244)
Proceeds from sales of debt securities carried at fair value 58,660 61,564
Proceeds from paydowns and maturities of debt securities carried at fair value 36,773 46,652
Purchases of debt securities carried at fair value (113,103) (88,615)
Proceeds from paydowns and maturities of held-to-maturity debt securities 3,016 5,055
Purchases of held-to-maturity debt securities (8,207) (10,556)
Proceeds from sales of loans and leases 11,863 5,480
Purchases of loans and leases (5,079) (12,439)
Other changes in loans and leases, net 7,389 (13,237)
Net purchases of premises and equipment (451) (98)
Proceeds from sales of foreclosed properties 394 604
Proceeds from sales of investments 1,429 2,117
Other investing activities, net (266) (353)
Net cash used in investing activities (43,809) (2,292)
Financing activities    
Net increase (decrease) in deposits 15,058 (24,478)
Net increase (decrease) in federal funds purchased and securities loaned or sold under agreements to repurchase 19,723 (60,650)
Net increase (decrease) in short-term borrowings (126) 15,739
Proceeds from issuance of long-term debt 35,789 25,174
Retirement of long-term debt (31,871) (29,433)
Proceeds from issuance of preferred stock 1,494 1,008
Payments for Repurchase of Redeemable Preferred Stock 0 (5,535)
Common stock repurchased (1,675) (1,003)
Cash dividends paid (704) (954)
Excess tax benefits on share-based payments 34 12
Other financing activities, net (26) (13)
Net cash provided by (used in) financing activities 37,696 (80,133)
Effect of exchange rate changes on cash and cash equivalents 189 (2,095)
Net increase (decrease) in cash and cash equivalents 21,577 (11,924)
Cash and cash equivalents at January 1 131,322 110,752
Cash and cash equivalents at June 30, 2014 $ 152,899 $ 98,828
[1] (1) There were no material intersegment revenues.