Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows

v2.3.0.15
Consolidated Statement of Cash Flows (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating activities    
Net loss $ (545) [1] $ (994) [1]
Reconciliation of net loss to net cash provided by operating activities:    
Provision for credit losses 10,476 [1] 23,306 [1]
Goodwill impairment 2,603 [1] 10,400 [1]
Gains on sales of debt securities (2,182) (1,654)
Depreciation and premises improvements amortization 1,496 1,651
Amortization of intangibles 1,144 [1] 1,311 [1]
Deferred income taxes (2,980) 3,094
Net decrease in trading and derivative instruments 8,588 18,113
Net decrease in other assets 22,809 29,187
Net increase (decrease) in accrued expenses and other liabilities (3,224) 6,726
Other operating activities, net 1,660 (13,757)
Net cash provided by operating activities 39,845 77,383
Investing activities    
Net decrease in time deposits placed and other short-term investments 8,103 5,333
Net increase in federal funds sold and securities borrowed or purchased under agreements to resell (40,382) (81,885)
Proceeds from sales of available-for-sale debt securities 68,373 79,813
Proceeds from paydowns and maturities of available-for-sale debt securities 41,181 52,832
Purchases of available-for-sale debt securities (78,044) (138,238)
Proceeds from maturities of held-to-maturity debt securities 44 3
Purchases of held-to-maturity debt securities (26,168) (100)
Proceeds from sales of loans and leases 1,783 7,629
Other changes in loans and leases, net (4,813) 12,296
Net purchases of premises and equipment (742) (471)
Proceeds from sales of foreclosed properties 1,710 2,224
Cash received due to impact of adoption of new consolidation guidance 0 2,807
Other investing activities, net 7,357 802
Net cash used in investing activities (21,598) (56,955)
Financing activities    
Net increase in deposits 30,923 3,490
Net increase in federal funds purchased and securities loaned or sold under agreements to repurchase 2,757 41,420
Net decrease in commercial paper and other short-term borrowings (26,093) (26,842)
Proceeds from issuance of long-term debt 22,936 51,524
Retirement of long-term debt (77,847) (79,048)
Proceeds from issuance of preferred stock and warrants 5,000 0
Cash dividends paid (1,263) (1,339)
Excess tax benefits on share-based payments 42 53
Other financing activities, net 3 (49)
Net cash used in financing activities (43,542) (10,791)
Effect of exchange rate changes on cash and cash equivalents (267) 140
Net increase (decrease) in cash and cash equivalents (25,562) 9,777
Cash and cash equivalents at January 1 108,427 121,339
Cash and cash equivalents at September 30 $ 82,865 $ 131,116
[1] There were no material intersegment revenues.