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
 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating activities    
Net income (loss) $ 3,456 $ (545)
Reconciliation of net income (loss) to net cash provided by operating activities:    
Provision for credit losses 5,965 10,476
Goodwill impairment 0 2,603
Gains on sales of debt securities (1,491) (2,182)
Depreciation and premises improvements amortization 1,347 1,496
Amortization of intangibles 955 1,144
Deferred income taxes 831 (2,980)
Net (increase) decrease in trading and derivative instruments (16,506) 8,588
Net (increase) decrease in other assets (7,684) 22,809
Net increase (decrease) in accrued expenses and other liabilities 19,383 (3,224)
Other operating activities, net 5,795 1,660
Net cash provided by operating activities 12,051 39,845
Investing activities    
Net decrease in time deposits placed and other short-term investments 10,054 8,103
Net increase in federal funds sold and securities borrowed or purchased under agreements to resell (22,851) (40,382)
Proceeds from sales of available-for-sale debt securities 60,412 68,373
Proceeds from paydowns and maturities of available-for-sale debt securities 48,117 41,181
Purchases of available-for-sale debt securities (131,097) (78,044)
Proceeds from paydowns and maturities of held-to-maturity debt securities 4,080 44
Purchases of held-to-maturity debt securities (9,106) (26,168)
Proceeds from sales of loans and leases 1,060 1,783
Other changes in loans and leases, net 15,743 (4,813)
Net purchases of premises and equipment (146) (742)
Proceeds from sales of foreclosed properties 2,305 1,710
Proceeds from Investments 0 8,281
Other investing activities, net (170) (924)
Net cash used in investing activities (21,599) (21,598)
Financing activities    
Net increase in deposits 30,266 30,923
Net increase in federal funds purchased and securities loaned or sold under agreements to repurchase 59,036 2,757
Net decrease in commercial paper and other short-term borrowings (1,010) (26,093)
Proceeds from issuance of long-term debt 18,010 22,936
Retirement of long-term debt (110,262) (77,847)
Proceeds from issuance of preferred stock 667 5,000
Cash dividends paid (1,437) (1,263)
Excess tax benefits on share-based payments 13 42
Other Financing Activities, net 138 3
Net cash used in financing activities (4,579) (43,542)
Effect of exchange rate changes on cash and cash equivalents 440 (267)
Net increase in cash and cash equivalents (13,687) (25,562)
Cash and cash equivalents at January 1 120,102 108,427
Cash and cash equivalents at June 30 $ 106,415 $ 82,865