Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net loss $ (773) $ (1,036)
Adjustments to reconcile net loss to cash provided by (used for) operating activities    
Provision for representations and warranties (829) 2,719
Depreciation and amortization 301 378
Share-based compensation expense 1,033 1,290
Gains on repurchases of debt securities (405) 0
Deferred taxes (82) (740)
Earnings from equity method investments (128) (258)
Other 136 852
Changes in operating assets and liabilities:    
Trading assets (9,796) (11,683)
Cash and securities segregated for regulatory purposes or deposited with clearing organizations (2,141) 2,624
Receivables from Bank of America (15,396) (4,162)
Receivables under resale agreements (2,993) (16,504)
Receivables under securities borrowed transactions (8,736) (7,549)
Customer receivables 1,467 (3,634)
Brokers and dealers receivables (6,484) 5,009
Proceeds from loans, notes, and mortgages held for sale 677 3,164
Other changes in loans, notes, and mortgages held for sale (75) (1,722)
Trading liabilities 12,688 5,921
Payables under repurchase agreements 58,081 (7,858)
Payables under securities loaned transactions 2,064 3,753
Payables to Bank of America (21,988) 17,695
Customer payables 4,688 7,126
Brokers and dealers payables (2,129) 771
Other, net 1,963 (425)
Cash provided by (used for) operating activities 11,143 (4,269)
Proceeds from (payments for):    
Maturities of available-for-sale securities 506 689
Sales of available-for-sale securities 3 3,453
Purchases of available-for-sale securities (554) (1,116)
Sales and maturities of held-to-maturity securities 0 250
Sale of office building 221 0
Equipment and facilities, net (206) (56)
Loans, notes, and mortgages held for investment 107 1,412
Other investments 575 3,792
Cash provided by investing activities 652 8,424
Proceeds from (payments for):    
Short-term borrowings (1,833) (725)
Issuance and resale of long-term borrowings 4,161 6,098
Settlement and repurchases of long-term borrowings (17,034) (12,783)
Deposits (75) 568
Derivative financing transactions 120 35
Cash used for financing activities (14,661) (6,807)
Effect of exchange rate changes on cash and cash equivalents 78 178
Decrease in cash and cash equivalents (2,788) (2,474)
Cash and cash equivalents, beginning of period 13,731 17,220
Cash and cash equivalents, end of period $ 10,943 $ 14,746