

Parent company – Statements of income
Year ended December 31, (in millions)	2012		2011			2010
Income
Dividends from subsidiaries and affiliates:
Bank and bank holding company	$	4,828	$	10,852		$	16,554
Nonbank^(a)	1,972		2,651			932
Interest income from subsidiaries	1,041		1,099			985
Other interest income	293		384			294
Other income from subsidiaries, primarily fees:
Bank and bank holding company	939		809			680
Nonbank	1,207		92			312
Other income/(loss)	579		(85		)	157
Total income	10,859		15,802			19,914
Expense
Interest expense to subsidiaries and affiliates^(a)	836		1,121			1,263
Other interest expense	4,679		4,447			3,782
Other noninterest expense	2,399		649			540
Total expense	7,914		6,217			5,585
Income before income tax benefit and undistributed net income of subsidiaries	2,945		9,585			14,329
Income tax benefit	1,665		1,089			511
Equity in undistributed net income of subsidiaries	16,674		8,302			2,530
Net income	$	21,284	$	18,976		$	17,370



Parent company – Balance sheets
December 31, (in millions)	2012		2011
Assets
Cash and due from banks	$	216	$	132
Deposits with banking subsidiaries	75,521		91,622
Trading assets	8,128		18,485
Available-for-sale securities	3,541		3,657
Loans	2,101		1,880
Advances to, and receivables from, subsidiaries:
Bank and bank holding company	39,773		39,888
Nonbank	86,904		83,138
Investments (at equity) in subsidiaries and affiliates:
Bank and bank holding company	170,276		157,160
Nonbank^(a)	45,305		42,231
Goodwill and other intangibles	1,018		1,027
Other assets	16,481		15,506
Total assets	$	449,264	$	454,726
Liabilities and stockholders’ equity
Borrowings from, and payables to, subsidiaries and affiliates^(a)	$	16,744	$	30,231
Other borrowed funds, primarily commercial paper	62,010		59,891
Other liabilities	8,208		7,653
Long-term debt^(b)(c)	158,233		173,378
Total liabilities^(c)	245,195		271,153
Total stockholders’ equity	204,069		183,573
Total liabilities and stockholders’ equity	$	449,264	$	454,726



Parent company – Statements of cash flows
Year ended December 31, (in millions)	2012			2011			2010
Operating activities
Net income	$	21,284		$	18,976		$	17,370
Less: Net income of subsidiaries and affiliates^(a)	23,474			21,805			20,016
Parent company net loss	(2,190		)	(2,829		)	(2,646		)
Cash dividends from subsidiaries and affiliates^(a)	6,798			13,414			17,432
Other, net	2,401			889			1,685
Net cash provided by operating activities	7,009			11,474			16,471
Investing activities
Net change in:
Deposits with banking subsidiaries	16,100			20,866			7,692
Available-for-sale securities:
Purchases	(364		)	(1,109		)	(1,387		)
Proceeds from sales and maturities	621			886			745
Loans, net	(350		)	153			(90		)
Advances to subsidiaries, net	5,951			(28,105		)	8,051
Investments (at equity) in subsidiaries and affiliates, net^(a)	3,546			(1,530		)	(871		)
Net cash provided by/(used in) investing activities	25,504			(8,839		)	14,140
Financing activities
Net change in borrowings from subsidiaries and affiliates^(a)	(14,038		)	2,827			(2,039		)
Net change in other borrowed funds	3,736			16,268			(11,843		)
Proceeds from the issuance of long-term debt	28,172			33,566			21,610
Repayments of long-term debt	(44,240		)	(41,747		)	(32,893		)
Excess tax benefits related to stock-based compensation	255			867			26
Redemption of preferred stock	—			—			(352		)
Proceeds from issuance of preferred stock	1,234			—			—
Treasury stock and warrants repurchased	(1,653		)	(8,863		)	(2,999		)
Dividends paid	(5,194		)	(3,895		)	(1,486		)
All other financing activities, net	(701		)	(1,622		)	(641		)
Net cash used in financing activities	(32,429		)	(2,599		)	(30,617		)
Net increase/(decrease) in cash and due from banks	84			36			(6		)
Cash and due from banks at the beginning of the year, primarily with bank subsidiaries	132			96			102
Cash and due from banks at the end of the year, primarily with bank subsidiaries	$	216		$	132		$	96
Cash interest paid	$	5,690		$	5,800		$	5,090
Cash income taxes paid, net	3,080			5,885			7,001


(a)	Affiliates include trusts that issued guaranteed capital debt securities (“issuer trusts”). The Parent received dividends of $12 million, $13 million and $13 million from the issuer trusts in 2012, 2011 and 2010, respectively. For further discussion on these issuer trusts, see Note 21 on pages 297–299 of this Annual Report.


(b)	At December 31, 2012, long-term debt that contractually matures in 2013 through 2017 totaled $19.3 billion, $25.1 billion, $21.6 billion, $17.5 billion and $17.3 billion, respectively.


(c)	For information regarding the Firm’s guarantees of its subsidiaries’ obligations, see Note 21 and Note 29 on pages 297–299 and 308–315, respectively, of this Annual Report.