Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows

 v2.3.0.11
Consolidated Statement of Cash Flows (USD $)
In Millions
 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities    
Net income $ (6,777) $ 6,305
Reconciliation of net income (loss) to net cash provided by operating activities:    
Provision for credit losses 7,069 17,910
Goodwill impairment 2,603  
Gains on sales of debt securities (1,445) (771)
Depreciation and premises improvements amortization 1,002 1,113
Amortization of intangibles 767 885
Deferred income taxes (3,418) 1,264
Net decrease in trading and derivative instruments 4,716 32,108
Net decrease in other assets 19,340 3,205
Net increase in accrued expenses and other liabilities 9,556 2,518
Other operating activities, net 17,790 (25,186)
Net cash provided by operating activities 51,203 39,351
Investing activities    
Net decrease in time deposits placed and other short-term investments 6,142 3,561
Net increase in federal funds sold and securities borrowed or purchased under agreements to resell (25,565) (57,734)
Proceeds from sales of available-for-sale debt securities 41,422 63,356
Proceeds from paydowns and maturities of available-for-sale debt securities 28,729 36,458
Purchases of available-for-sale debt securities (59,846) (99,704)
Proceeds from maturities of held-to-maturity debt securities 0 3
Purchases of held-to-maturity debt securities 0 (100)
Proceeds from sales of loans and leases 1,517 3,525
Other changes in loans and leases, net (8,147) 19,657
Net purchases of premises and equipment (489) (149)
Proceeds from sales of foreclosed properties 1,146 1,342
Cash received due to impact of adoption of new consolidation guidance 0 2,807
Other investing activities, net (313) 6,905
Net cash used in investing activities (15,404) (20,073)
Financing activities    
Net increase (decrease) in deposits 27,978 (17,144)
Net increase (decrease) in federal funds purchased and securities loaned or sold under agreements to repurchase (5,838) 52,026
Net decrease in commercial paper and other short-term borrowings (9,330) (18,303)
Proceeds from issuance of long-term debt 16,959 38,920
Retirement of long-term debt (53,929) (44,157)
Cash dividends paid (818) (890)
Excess tax benefits on share-based payments 39 47
Other financing activities, net 0 (34)
Net cash provided by (used in) financing activities (24,939) 10,465
Effect of exchange rate changes on cash and cash equivalents 240 (48)
Net increase in cash and cash equivalents 11,100 29,695
Cash and cash equivalents at January 1 108,427 121,339
Cash and cash equivalents at June 30 $ 119,527 $ 151,034