v3.4.0.3
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,157 $ 2,463
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Income from equity method investments (15) (38)
Compensation payable in common stock and options 217 295
Depreciation and amortization 415 321
Net gain on sale of available for sale securities (12) (25)
Impairment charges 8 21
Provision for credit losses on lending activities 128 63
Other operating adjustments 93 56
Changes in assets and liabilities:    
Trading assets, net of Trading liabilities 5,814 11,414
Securities borrowed 2,003 (13,657)
Securities loaned (2,218) 308
Customer and other receivables and other assets 899 (5,990)
Customer and other payables and other liabilities 2,153 8,052
Securities purchased under agreements to resell (11,117) (7,944)
Securities sold under agreements to repurchase 4,613 (8,394)
Net cash provided by (used for) operating activities 4,138 (13,055)
Proceeds from (payments for):    
Other assets - Premises, equipment and software net (315) (320)
Loans    
Changes in loans, net (3,505) (2,666)
Investment securities:    
Purchases (15,211) (15,067)
Proceeds from sales 8,515 13,810
Proceeds from paydowns and maturities 1,536 1,290
Other investing activities (136) 48
Net cash used for investing activities (9,116) (2,905)
Net proceeds from (payments for):    
Short-term borrowings (1,064) 618
Noncontrolling interests (5) (2)
Other secured financings (329) 399
Deposits 1,557 2,271
Proceeds from:    
Excess tax benefits associated with stock-based awards 39 173
Derivatives financing activities 0 226
Proceeds from preferred stock offering 0 1,493
Issuance of long-term borrowings 13,183 11,339
Payments for:    
Long-term borrowings (7,961) (5,334)
Derivatives financing activities (120) (83)
Repurchases of common stock and employee tax withholdings (976) (839)
Cash dividends (436) (310)
Net cash provided by (used for) financing activities 3,888 9,951
Effect of exchange rate changes on cash and cash equivalents 645 (682)
Net increase (decrease) in cash and cash equivalents (445) (6,691)
Cash and cash equivalents, at beginning of period 54,083 46,984
Cash and cash equivalents, at end of period 53,638 40,293
Cash and cash equivalents include:    
Cash and due from banks 22,797 19,683
Interest bearing deposits with banks 30,841 20,610
Cash and cash equivalents, at end of period 53,638 40,293
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest 613 580
Cash payments for income taxes, net of refunds $ 122 $ 119