XML 47 R8.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income before noncontrolling interests $ 7,886 $ 5,745
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 4,048 9,319
Changes in fair value of MSRs (residential), MHFS and LHFS carried at fair value (187) 1,384
Depreciation and amortization 968 1,335
Other net losses (gains) (300) 2,351
Preferred stock released to ESOP 660 505
Stock incentive compensation expense 376 279
Excess tax benefits related to stock option payments (64) (75)
Originations of MHFS (143,488) (153,453)
Proceeds from sales of and principal collected on mortgages originated for sale 151,707 161,908
Originations of LHFS   (4,206)
Proceeds from sales of and principal collected on LHFS 5,165 10,555
Purchases of LHFS (5,248) (4,673)
Net change in:    
Trading assets 15,028 (3,938)
Deferred income taxes 1,318 2,416
Accrued interest receivable (114) 727
Accrued interest payable (43) (56)
Other assets, net (1,378) (4,595)
Other accrued expenses and liabilities, net (7,773) (8,674)
Net cash provided (used) by operating activities 28,561 16,854
Cash flows from investing activities:    
Net change in Federal funds sold securities purchased under resale agreements and other short term investments (7,769) (33,013)
Securities available for sale:    
Sales proceeds 18,801 3,981
Prepayments and maturities 21,079 22,741
Purchases (45,125) (11,095)
Loans:    
Loans originated by banking subsidiaries, net of principal collected (5,803) 20,904
Proceeds from sales (including participations) of loans originated for investment by banking subsidiaries 3,492 3,556
Purchases (including participations) of loans by banking subsidiaries (2,277) (1,201)
Principal collected on nonbank entities' loans 5,543 8,006
Loans originated by nonbank entities (3,988) (5,309)
Proceeds from sales of foreclosed assets 3,061 2,346
Changes in MSRs from purchases and sales (81) (15)
Other, net 2,804 819
Net cash provided (used) by investing activities (10,263) 11,720
Cash flows from financing activities:    
Net change in deposits 5,693 (8,395)
Net change in short-term borrowings (1,441) 1,094
Long-term debt:    
Proceeds from issuance 6,702 2,165
Repayment (21,691) (31,925)
Preferred stock:    
Proceeds from issuance 2,501  
Cash dividends paid (404) (369)
Common stock:    
Proceeds from issuance 801 865
Repurchased (1,072) (68)
Cash dividends paid (1,269) (520)
Common stock warrants repurchased 0 (540)
Excess tax benefits related to stock option payments 64 75
Net change in noncontrolling interests (167) (465)
Net cash provided (used) by financing activities (10,283) (38,083)
Net change in cash and due from banks 8,015 (9,509)
Cash and due from banks at beginning of period 16,044 27,080
Cash and due from banks at end of period 24,059 17,571
Supplemental cash flow disclosures:    
Cash paid for interest 3,570 4,157
Cash paid for income taxes $ 2,581 $ 625