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
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating activities    
Net income $ 653 $ 2,049
Reconciliation of net loss to net cash provided by operating activities:    
Provision for credit losses 2,418 3,814
Gains on sales of debt securities (752) (546)
Depreciation and premises improvements amortization 468 507
Amortization of intangibles 319 385
Deferred income taxes (195) 292
Net (increase) decrease in trading and derivative instruments (27,168) 7,750
Net increase in other assets (11,181) (5,099)
Net increase (decrease) in accrued expenses and other liabilities 12,150 (16,827)
Other operating activities, net 7,685 7,099
Net cash provided by operating activities (15,603) (576)
Investing activities    
Net decrease in time deposits placed and other short-term investments 5,525 2,726
Net increase in federal funds sold and securities borrowed or purchased under agreements to resell (14,601) (24,440)
Proceeds from sales of available-for-sale debt securities 26,594 11,410
Proceeds from paydowns and maturities of available-for-sale debt securities 15,804 17,715
Purchases of available-for-sale debt securities (66,902) (23,479)
Proceeds from paydowns and maturities of held-to-maturity debt securities 972 0
Proceeds from sales of loans and leases 487 470
Other changes in loans and leases, net 20,038 1,326
Net sales (purchases) of premises and equipment 65 (352)
Proceeds from sales of foreclosed properties 772 579
Other investing activities, net (160) 77
Net cash used in investing activities (11,406) (13,968)
Financing activities    
Net increase in deposits 8,270 9,745
Net increase in federal funds purchased and securities loaned or sold under agreements to repurchase 43,627 15,162
Net increase (decrease) in commercial paper and other short-term borrowings 3,506 (1,638)
Proceeds from issuance of long-term debt 10,275 8,621
Retirement of long-term debt (30,770) (27,957)
Proceeds from issuance of preferred stock 687 0
Cash dividends paid (483) (415)
Excess tax benefits on share-based payments 10 39
Proceeds from (Payments for) Other Financing Activities 17 0
Net cash provided by financing activities 35,139 3,557
Effect of exchange rate changes on cash and cash equivalents 560 102
Net increase (decrease) in cash and cash equivalents 8,690 (10,885)
Cash and cash equivalents at January 1 120,102 108,427
Cash and cash equivalents at March 31 $ 128,792 $ 97,542