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
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities    
Net income $ 8,677 $ 2,015
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses 1,545 1,420
Gains on sales of debt securities (436) (759)
Depreciation and premises improvements amortization 786 781
Amortization of intangibles 425 474
Net amortization of premium/discount on debt securities 475 1,278
Deferred income taxes 1,673 320
Loans held-for-sale:    
Originations and purchases (19,868) (18,794)
Proceeds from sales and paydowns of loans originally classified as held-for-sale 22,114 19,351
Net change in:    
Trading and derivative instruments (848) 12,874
Other assets (16,189) (6,936)
Accrued expenses and other liabilities (10,203) 15,374
Other operating activities, net (794) 103
Net cash provided by (used in) operating activities (12,643) 27,501
Net change in:    
Time deposits placed and other short-term investments (486) 2,894
Federal funds sold and securities borrowed or purchased under agreements to resell (8,080) (39,121)
Debt securities carried at fair value:    
Proceeds from sales 40,872 43,062
Proceeds from paydowns and maturities 37,294 36,773
Purchases (81,512) (97,512)
Held-to-maturity debt securities:    
Proceeds from paydowns and maturities 6,927 3,016
Purchases (7,579) (8,207)
Loans and leases:    
Proceeds from sales 11,662 11,863
Purchases (5,807) (5,079)
Other changes in loans and leases, net (11,695) 7,389
Net purchases of premises and equipment (437) (451)
Proceeds from sales of foreclosed properties 377 394
Proceeds from sales of investments 332 1,429
Other investing activities, net (297) (259)
Net cash used in investing activities (18,429) (43,809)
Net change in:    
Deposits 30,624 15,058
Federal funds purchased and securities loaned or sold under agreements to repurchase 11,747 19,723
Short-term borrowings 8,731 (126)
Long-term debt:    
Proceeds from issuance 25,661 35,789
Retirement of long-term debt (20,842) (31,871)
Proceeds from issuance of preferred stock 2,964 1,494
Common stock repurchased (775) (1,675)
Cash dividends paid (1,763) (704)
Excess tax benefits on share-based payments 16 34
Other financing activities, net (21) (26)
Net cash provided by financing activities 56,342 37,696
Effect of exchange rate changes on cash and cash equivalents (345) 189
Net increase in cash and cash equivalents 24,925 21,577
Cash and cash equivalents at January 1 138,589 131,322
Cash and cash equivalents at June 30 $ 163,514 $ 152,899