Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows

v3.4.0.3
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net income $ 2,680 $ 3,097
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 997 765
Gains on sales of debt securities (226) (268)
Realized debit valuation adjustments on structured liabilities 7 335
Depreciation and amortization of premises and equipment 379 395
Amortization of intangibles 187 213
Net amortization of premium/discount on debt securities 1,802 978
Deferred income taxes 1,218 68
Stock-based compensation 831 14
Loans held-for-sale:    
Originations and purchases (5,728) (10,587)
Proceeds from sales and paydowns of loans originally classified as held-for-sale 6,675 10,975
Net change in:    
Trading and derivative instruments 8,135 3,222
Other assets 2,361 12
Accrued expenses and other liabilities (8,556) (7,232)
Other operating activities, net 81 (1,742)
Net cash provided by operating activities 10,843 245
Net change in:    
Time deposits placed and other short-term investments 1,853 92
Federal funds sold and securities borrowed or purchased under agreements to resell (28,647) (14,885)
Debt securities carried at fair value:    
Proceeds from sales 19,651 30,021
Proceeds from paydowns and maturities 23,243 16,446
Purchases (30,988) (43,429)
Held-to-maturity debt securities:    
Proceeds from paydowns and maturities 2,768 2,973
Purchases (4,334) (3,354)
Loans and leases:    
Proceeds from sales 8,021 5,781
Purchases (4,224) (3,582)
Other changes in loans and leases, net (9,309) (3,482)
Other investing activities, net 592 (93)
Net cash used in investing activities (21,374) (13,512)
Net change in:    
Deposits 20,002 34,232
Federal funds purchased and securities loaned or sold under agreements to repurchase 14,669 2,481
Short-term borrowings 2,783 2,098
Long-term debt:    
Proceeds from issuance 6,260 9,254
Retirement of long-term debt (14,404) (11,678)
Proceeds from issuance of preferred stock 2,069 2,964
Common stock repurchased (1,000) 0
Cash dividends paid (974) (846)
Excess tax benefits on share-based payments 5 16
Other financing activities, net (28) (9)
Net cash provided by financing activities 29,382 38,512
Effect of exchange rate changes on cash and cash equivalents 1,406 (1,291)
Net increase in cash and cash equivalents 20,257 23,954
Cash and cash equivalents at January 1 159,353 138,589
Cash and cash equivalents at March 31, 2016 $ 179,610 $ 162,543