Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Cash Flows

v2.4.0.8
Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating activities    
Net income $ 7,992 $ 3,456
Reconciliation of net income (loss) to net cash provided by operating activities:    
Provision for credit losses 3,220 5,965
Gains on sales of debt securities (881) (1,491)
Fair value adjustments on structured liabilities 232 4,665
Depreciation and premises improvements amortization 1,201 1,347
Amortization of intangibles 820 955
Net amortization of premium/discount on debt securities 1,280 1,726
Deferred income taxes 2,810 831
Originations and purchases of loans held-for-sale (55,561) (39,804)
Proceeds from sales, securitizations and paydowns of loans held-for-sale 62,549 36,963
Net (increase) decrease in trading and derivative instruments 33,899 (16,192)
Net (increase) decrease in other assets 35,319 (7,121)
Net increase (decrease) in accrued expenses and other liabilities (14,059) 19,383
Other operating activities, net 2,002 (596)
Net cash provided by operating activities 80,823 10,087
Investing activities    
Net decrease in time deposits placed and other short-term investments 4,245 10,054
Net (increase) decrease in federal funds sold and securities borrowed or purchased under agreements to resell 7,917 (22,851)
Proceeds from sales of debt securities carried at fair value 78,405 60,412
Proceeds from paydowns and maturities of debt securities carried at fair value 69,731 48,117
Purchases of debt securities carried at fair value (113,244) (131,097)
Proceeds from paydowns and maturities of held-to-maturity debt securities 7,039 4,080
Purchases of held-to-maturity debt securities (12,363) (9,106)
Proceeds from sales of loans and leases 9,267 3,158
Purchases of loans and leases (16,844) (5,985)
Other changes in loans and leases, net (30,921) 19,630
Net purchases of premises and equipment (353) (146)
Proceeds from sales of foreclosed properties 852 2,305
Proceeds from sales of investments 4,220 1,964
Other investing activities, net (641) (170)
Net cash provided by (used in) investing activities 7,310 (19,635)
Financing activities    
Net increase in deposits 4,857 30,266
Net increase (decrease) in federal funds purchased and securities loaned or sold under agreements to repurchase (66,985) 59,036
Net increase (decrease) in short-term borrowings 10,038 (1,010)
Proceeds from issuance of long-term debt 32,680 18,010
Retirement of long-term debt (47,936) (110,262)
Proceeds from issuance of preferred stock 1,008 667
Redemption of preferred stock (6,461) 0
Common stock repurchased (1,869) 0
Cash dividends paid (1,316) (1,437)
Excess tax benefits on share-based payments 12 13
Other financing activities, net (19) 138
Net cash used in financing activities (75,991) (4,579)
Effect of exchange rate changes on cash and cash equivalents (1,661) 440
Net increase (decrease) in cash and cash equivalents 10,481 (13,687)
Cash and cash equivalents at January 1 110,752 120,102
Cash and cash equivalents at September 30 $ 121,233 $ 106,415