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, 2013
Jun. 30, 2012
Operating activities    
Net income $ 5,495 $ 3,116
Reconciliation of net income (loss) to net cash provided by operating activities:    
Provision for credit losses 2,924 4,191
Gains on sales of debt securities (525) (1,152)
Fair value adjustments on structured liabilities (80) (3,376)
Depreciation and premises improvements amortization 813 910
Amortization of intangibles 550 640
Net amortization of premium/discount on debt securities 655 1,055
Deferred income taxes 884 159
Originations and purchases of loans held-for-sale (40,128) (22,876)
Proceeds from sales, securitizations and paydowns of loans held-for-sale 43,871 22,411
Net (increase) decrease in trading and derivative instruments 41,218 (11,664)
Net (increase) decrease in other assets 25,281 (7,564)
Net increase (decrease) in accrued expenses and other liabilities (9,595) 9,835
Other operating activities, net 1,073 (1,167)
Net cash provided by operating activities 72,596 1,270
Investing activities    
Net decrease in time deposits placed and other short-term investments 5,778 3,654
Net increase in federal funds sold and securities borrowed or purchased under agreements to resell (4,244) (14,933)
Proceeds from sales of debt securities carried at fair value 61,564 46,974
Proceeds from paydowns and maturities of debt securities carried at fair value 46,652 31,757
Purchases of debt securities carried at fair value (88,615) (99,693)
Proceeds from paydowns and maturities of held-to-maturity debt securities 5,055 2,451
Purchases of held-to-maturity debt securities (10,556) (2,608)
Proceeds from sales of loans and leases 5,480 664
Purchases of loans and leases (12,439) (3,338)
Other changes in loans and leases, net (13,237) 29,853
Net sales (purchases) of premises and equipment (98) 74
Proceeds from sales of foreclosed properties 604 1,744
Proceeds from sales of investments 2,117 1,483
Other investing activities, net (353) (238)
Net cash used in investing activities (2,292) (2,156)
Financing activities    
Net increase (decrease) in deposits (24,478) 2,184
Net increase (decrease) in federal funds purchased and securities loaned or sold under agreements to repurchase (60,650) 71,050
Net increase in short-term borrowings 15,739 2,718
Proceeds from issuance of long-term debt 25,174 14,181
Retirement of long-term debt (29,433) (85,134)
Proceeds from issuance of preferred stock 1,008 661
Redemption of preferred stock (5,535) 0
Common stock repurchased (1,003) 0
Cash dividends paid (954) (966)
Excess tax benefits on share-based payments 12 13
Other financing activities, net (13) 59
Net cash provided by (used in) financing activities (80,133) 4,766
Effect of exchange rate changes on cash and cash equivalents (2,095) (265)
Net increase (decrease) in cash and cash equivalents (11,924) 3,615
Cash and cash equivalents at January 1 110,752 120,102
Cash and cash equivalents at June 30 $ 98,828 $ 123,717