Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheet

v3.25.1
Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 24,734 $ 26,003
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks 248,845 264,111
Cash and cash equivalents 273,579 290,114
Time deposits placed and other short-term investments 7,282 6,372
Federal funds sold and securities borrowed or purchased under agreements to resell (includes $181,232 and $144,501 measured at fair value) 328,365 274,709
Trading account assets (includes $171,255 and $170,328 pledged as collateral) 339,614 314,460
Derivative assets 36,206 40,948
Debt securities:    
Carried at fair value 388,559 358,607
Held-to-maturity, at cost (fair value $454,408 and $450,548) 550,720 558,677
Total debt securities 939,279 917,284
Loans and leases (includes $5,386 and $4,249 measured at fair value) 1,110,625 1,095,835
Allowance for loan and lease losses (13,256) (13,240)
Loans and leases, net of allowance 1,097,369 1,082,595
Premises and equipment, net 12,151 12,168
Goodwill 69,021 69,021
Loans held-for-sale (includes $2,672 and $2,214 measured at fair value) 6,867 9,545
Customer and other receivables 80,329 82,247
Other assets (includes $9,952 and $13,176 measured at fair value) 159,362 162,056
Total assets 3,349,424 3,261,519
Deposits in U.S. offices:    
Noninterest-bearing 513,905 507,561
Interest-bearing (includes $403 and $310 measured at fair value) 1,346,423 1,329,014
Deposits in non-U.S. offices:    
Noninterest-bearing 16,105 16,297
Interest-bearing 113,131 112,595
Total deposits 1,989,564 1,965,467
Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $222,734 and $192,859 measured at fair value) 376,070 331,758
Trading account liabilities 105,470 92,543
Derivative liabilities 35,365 39,353
Short-term borrowings (includes $6,534 and $6,245 measured at fair value) 41,470 43,391
Accrued expenses and other liabilities (includes $9,061 and $13,199 measured at fair value and $1,110 and $1,096 of reserve for unfunded lending commitments) 201,758 210,169
Long-term debt (includes $54,545 and $50,005 measured at fair value) 304,146 283,279
Total liabilities 3,053,843 2,965,960
Commitments and contingencies (Note 6 – Securitizations and Other Variable Interest Entities and Note 10 – Commitments and Contingencies)
Shareholders’ equity    
Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 3,771,164 and 3,877,917 shares 20,499 23,159
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 7,560,084,716 and 7,610,862,311 shares 41,038 45,336
Retained earnings 247,315 242,349
Accumulated other comprehensive income (loss) (13,271) (15,285)
Total shareholders’ equity 295,581 295,559
Total liabilities and shareholders’ equity 3,349,424 3,261,519
Consolidated VIEs    
Assets    
Trading account assets (includes $171,255 and $170,328 pledged as collateral) 6,062 5,575
Debt securities:    
Loans and leases (includes $5,386 and $4,249 measured at fair value) 18,045 19,144
Allowance for loan and lease losses (911) (919)
Loans and leases, net of allowance 17,134 18,225
Other assets (includes $9,952 and $13,176 measured at fair value) 608 319
Total assets 23,804 24,119
Deposits in non-U.S. offices:    
Short-term borrowings (includes $6,534 and $6,245 measured at fair value) 4,289 3,329
Long-term debt (includes $54,545 and $50,005 measured at fair value) 8,368 8,457
All other liabilities (includes $30 and $21 of non-recourse liabilities) 30 21
Total liabilities $ 12,687 $ 11,807