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
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating activities    
Net income (loss) $ 3,116 $ (6,777)
Reconciliation of net income (loss) to net cash provided by operating activities:    
Provision for credit losses 4,191 7,069
Goodwill impairment 0 2,603
Gains on sales of debt securities (1,152) (1,445)
Depreciation and premises improvements amortization 910 1,002
Amortization of intangibles 640 767
Deferred income taxes 159 (3,418)
Net (increase) decrease in trading and derivative instruments (12,749) 4,716
Net (increase) decrease in other assets (5,461) 19,340
Net increase in accrued expenses and other liabilities 9,835 9,556
Other operating activities, net 3,264 17,790
Net cash provided by operating activities 2,753 51,203
Investing activities    
Net decrease in time deposits placed and other short-term investments 3,654 6,142
Net increase in federal funds sold and securities borrowed or purchased under agreements to resell (14,933) (25,565)
Proceeds from sales of available-for-sale debt securities 46,974 41,422
Proceeds from paydowns and maturities of available-for-sale debt securities 31,757 28,729
Purchases of available-for-sale debt securities (99,693) (59,846)
Proceeds from paydowns and maturities of held-to-maturity debt securities 2,451 0
Purchases of held-to-maturity debt securities (2,608) 0
Proceeds from sales of loans and leases 686 1,517
Other changes in loans and leases, net 26,493 (8,147)
Net sales (purchases) of premises and equipment 74 (489)
Proceeds from sales of foreclosed properties 1,744 1,146
Other investing activities, net (238) (313)
Net cash used in investing activities (3,639) (15,404)
Financing activities    
Net increase in deposits 2,184 27,978
Net increase (decrease) in federal funds purchased and securities loaned or sold under agreements to repurchase 71,050 (5,838)
Net increase (decrease) in commercial paper and other short-term borrowings 2,718 (9,330)
Proceeds from issuance of long-term debt 14,181 16,959
Retirement of long-term debt (85,134) (53,929)
Proceeds from issuance of preferred stock 661 0
Cash dividends paid (966) (818)
Excess tax benefits on share-based payments 13 39
Other Financing Activities, net 59 0
Net cash provided by (used in) financing activities 4,766 (24,939)
Effect of exchange rate changes on cash and cash equivalents (265) 240
Net increase in cash and cash equivalents 3,615 11,100
Cash and cash equivalents at January 1 120,102 108,427
Cash and cash equivalents at June 30 $ 123,717 $ 119,527