Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows

v3.5.0.2
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities    
Net income $ 6,912 $ 8,231
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for credit losses 1,973 1,545
Gains on sales of debt securities (493) (436)
Realized debit valuation adjustments on structured liabilities 12 510
Depreciation and amortization of premises and equipment 755 786
Amortization of intangibles 373 425
Net amortization of premium/discount on debt securities 3,656 475
Deferred income taxes 2,218 1,399
Stock-based compensation 962 27
Loans held-for-sale:    
Originations and purchases (13,400) (19,432)
Proceeds from sales and paydowns of loans originally classified as held-for-sale 12,046 20,394
Net change in:    
Trading and derivative instruments 16,277 (1,284)
Other assets 335 (4,661)
Accrued expenses and other liabilities (5,380) (10,203)
Other operating activities, net (110) (863)
Net cash provided by (used in) operating activities 26,136 (3,087)
Net change in:    
Time deposits placed and other short-term investments 186 (486)
Federal funds sold and securities borrowed or purchased under agreements to resell (21,255) (8,080)
Debt securities carried at fair value:    
Proceeds from sales 40,772 40,872
Proceeds from paydowns and maturities 48,117 37,294
Purchases (83,361) (81,273)
Held-to-maturity debt securities:    
Proceeds from paydowns and maturities 7,239 6,927
Purchases (13,694) (7,173)
Loans and leases:    
Proceeds from sales 11,391 11,662
Purchases (7,384) (5,807)
Other changes in loans and leases, net (13,211) (21,627)
Other investing activities, net 710 (294)
Net cash used in investing activities (30,490) (27,985)
Net change in:    
Deposits 18,832 30,624
Federal funds purchased and securities loaned or sold under agreements to repurchase 3,771 11,747
Short-term borrowings 4,953 8,731
Long-term debt:    
Proceeds from issuance 15,783 25,661
Retirement of long-term debt (28,050) (20,842)
Proceeds from issuance of preferred stock 2,947 2,964
Common stock repurchased (2,383) (775)
Cash dividends paid (1,853) (1,763)
Excess tax benefits on share-based payments 7 16
Other financing activities, net (42) (21)
Net cash provided by financing activities 13,965 56,342
Effect of exchange rate changes on cash and cash equivalents 2,243 (345)
Net increase in cash and cash equivalents 11,854 24,925
Cash and cash equivalents at January 1 159,353 138,589
Cash and cash equivalents at June 30 $ 171,207 $ 163,514