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Consolidated Statements of Cash Flows (USD $)
In Millions
12 Months Ended
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Operating activities   
Net income$ 17,370$ 11,728$ 5,605
Adjustments to reconcile net income to net cash (used in)/provided by operating activities:   
Provision for credit losses16,63932,01520,979
Depreciation and amortization4,0293,3083,265
Amortization of intangibles9361,0501,263
Deferred tax benefit(968)(3,622)(2,637)
Investment securities gains(2,965)(1,110)(1,560)
Proceeds on sale of investment  (1,540)
Stock-based compensation3,2513,3552,637
Originations and purchases of loans held-for-sale(37,085)(22,417)(34,902)
Proceeds from sales, securitizations and paydowns of loans held-for-sale40,15533,90238,036
Net change in trading assets(72,082)133,488(12,787)
Net change in securities borrowed(3,926)4,45215,408
Net change in accrued interest and accounts receivable443(6,312)10,221
Net change in other assets(12,452)32,557(32,919)
Net change in trading liabilities19,344(79,314)24,061
Net change in accounts payable and other liabilities17,325(26,450)1,012
Other operating adjustments6,2346,167(12,212)
Net cash (used in)/provided by operating activities(3,752)122,79723,930
Investing activities   
Net change in deposits with banks41,62574,829(118,929)
Net change in federal funds sold and securities purchased under resale agreements(26,957)7,082(44,597)
Held-to-maturity securities:   
Proceeds7910
Available-for-sale securities:   
Proceeds from maturities92,74087,71244,414
Proceeds from sales118,600114,04196,806
Purchases(179,487)(346,372)(248,599)
Proceeds from sales and securitizations of loans held-for-investment8,85330,43427,531
Other changes in loans, net3,64551,251(59,123)
Net cash (used)/received in business acquisitions or dispositions(4,910)(97)2,128
Proceeds from assets sale to the FRBNY  28,850
Net maturities (purchases) of asset-backed commercial paper guaranteed by the FRBB 11,228(11,228)
All other investing activities, net(114)(762)(934)
Net cash provided by/(used in) investing activities54,00229,355(283,671)
Financing activities   
Net change in deposits(9,637)(107,700)177,331
Net change in federal funds purchased and securities loaned or sold under repurchase agreements15,20267,78515,250
Net change in commercial paper and other borrowed funds(6,869)(67,198)9,219
Net change in beneficial interests issued by consolidated variable interest entities2,426(4,076)(55)
Proceeds from long-term borrowings and trust preferred capital debt securities55,18151,32472,407
Payments of long-term borrowings and trust preferred capital debt securities(99,043)(68,441)(65,344)
Excess tax benefits related to stock-based compensation2617148
Proceeds from issuance of preferred stock and Warrant to the U.S. Treasury  25,000
Proceeds from issuance of other preferred stock  7,746
Redemption of preferred stock issued to the U.S. Treasury (25,000) 
Redemption of other preferred stock(352)  
Proceeds from issuance of common stock 5,75611,500
Treasury stock purchased(2,999)  
Dividends paid(1,486)(3,422)(5,911)
All other financing activities, net(1,666)(2,124)(292)
Net cash (used in)/provided by financing activities(49,217)(153,079)246,999
Effect of exchange rate changes on cash and due from banks328238(507)
Net increase/(decrease) in cash and due from banks1,361(689)(13,249)
Cash and due from banks at the beginning of the year26,20626,89540,144
Cash and due from banks at the end of the year27,56726,20626,895
Cash interest paid12,40416,87537,267
Cash income taxes paid, net$ 9,747$ 5,434$ 2,280