Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows

v3.7.0.1
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net income $ 4,856 $ 3,472
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Provision for credit losses 835 997
Gains on sales of debt securities (52) (190)
Realized debit valuation adjustments on structured liabilities 6 7
Depreciation and premises improvements amortization 372 379
Amortization of intangibles 162 187
Net amortization of premium/discount on debt securities 544 528
Deferred income taxes 1,109 1,704
Stock-based compensation 1,060 831
Loans held-for-sale:    
Originations and purchases (13,309) (5,728)
Proceeds from sales and paydowns of loans originally classified as held-for-sale 7,528 6,675
Net change in:    
Trading and derivative instruments (16,463) 8,135
Other assets 3,577 2,361
Accrued expenses and other liabilities (4,518) (8,556)
Other operating activities, net 1,447 95
Net cash (used in) provided by operating activities (12,846) 10,897
Net change in:    
Time deposits placed and other short-term investments (2,106) 1,853
Federal funds sold and securities borrowed or purchased under agreements to resell (12,509) (28,647)
Debt securities carried at fair value:    
Proceeds from sales 22,087 17,384
Proceeds from paydowns and maturities 24,015 25,510
Purchases (44,198) (30,988)
Held-to-maturity debt securities:    
Proceeds from paydowns and maturities 3,874 2,768
Purchases (3,033) (4,334)
Loans and leases:    
Proceeds from sales 2,557 8,021
Purchases (1,648) (4,224)
Other changes in loans and leases, net (1,811) (9,309)
Other investing activities, net (1,247) 592
Net cash used in investing activities (14,019) (21,374)
Net change in:    
Deposits 11,207 20,002
Federal funds purchased and securities loaned or sold under agreements to repurchase 15,807 14,669
Short-term borrowings 20,131 2,783
Long-term debt:    
Proceeds from issuance 17,378 6,260
Retirement of long-term debt (13,617) (14,404)
Preferred stock: Proceeds from issuance 0 2,069
Common stock repurchased (2,728) (1,000)
Cash dividends paid (1,255) (974)
Other financing activities, net (584) (77)
Net cash provided by financing activities 46,339 29,328
Effect of exchange rate changes on cash and cash equivalents 813 1,406
Net increase in cash and cash equivalents 20,287 20,257
Cash and cash equivalents at January 1 147,738 159,353
Cash and cash equivalents at March 31 $ 168,025 $ 179,610