Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions
 9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:    
Net (loss) earnings $ (903) $ 2,526
Adjustments to reconcile net earnings to cash provided by operating activities    
Provision for representations and warranties 2,736 (145)
Depreciation and amortization 562 692
Share-based compensation expense 1,578 1,039
Deferred taxes (204) 673
Earnings from equity method investments (328) (306)
Other 2,435 1,744
Changes in operating assets and liabilities:    
Trading assets 11,846 (17,876)
Cash and securities segregated for regulatory purposes or deposited with clearing organizations (748) 2,184
Receivables from Bank of America 4,997 (2,674)
Receivables under resale agreements (37,421) (75,377)
Receivables under securities borrowed transactions (904) 5,632
Customer receivables (1,180) 12,191
Brokers and dealers receivables 6,106 4,999
Proceeds from loans, notes, and mortgages held for sale 3,928 4,989
Other changes in loans, notes, and mortgages held for sale (2,428) (2,559)
Trading liabilities (7,129) 31,664
Payables under repurchase agreements 19,462 43,268
Payables under securities loaned transactions (456) (8,216)
Payables to Bank of America 10,566 (2,209)
Customer payables 3,385 385
Brokers and dealers payables (1,684) (4,451)
Other, net (8,159) 9,933
Cash provided by operating activities 6,057 8,106
Proceeds from (payments for):    
Maturities of available-for-sale securities 1,442 1,201
Sales of available-for-sale securities 3,876 14,966
Purchases of available-for-sale securities (1,430) (771)
Maturities of held-to-maturity securities 250  
Equipment and facilities, net (89) (294)
Loans, notes, and mortgages held for investment 2,111 2,656
Other investments 5,480 2,459
Cash provided by investing activities 11,640 20,217
Proceeds from (payments for):    
Commercial paper and short-term borrowings (8,144) (5,031)
Issuance and resale of long-term borrowings 7,657 6,440
Settlement and repurchases of long-term borrowings (20,610) (29,452)
Deposits (549) (1,295)
Derivative financing transactions 30 (1)
Dividends   (114)
Cash used for financing activities (21,616) (29,453)
Decrease in cash and cash equivalents (3,919) (1,130)
Cash and cash equivalents, beginning of period 17,220 15,142
Cash and cash equivalents, end of period 13,301 14,012
Supplemental Disclosure of Cash Flow Information:    
Income taxes paid 147 2,460
Interest paid 5,716 5,471
Non-cash investing and financing activities:    
Non-cash capital contribution $ 0 $ 1,000