Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheet

v3.25.2
Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 26,661 $ 26,003
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks 239,350 264,111
Cash and cash equivalents 266,011 290,114
Time deposits placed and other short-term investments 9,377 6,372
Federal funds sold and securities borrowed or purchased under agreements to resell (includes $185,143 and $144,501 measured at fair value) 352,392 274,709
Trading account assets (includes $180,332 and $170,328 pledged as collateral) 356,584 314,460
Derivative assets 42,711 40,948
Debt securities:    
Carried at fair value 388,930 358,607
Held-to-maturity, at cost (fair value $448,179 and $450,548) 541,286 558,677
Total debt securities 930,216 917,284
Loans and leases (includes $6,863 and $4,249 measured at fair value) 1,147,056 1,095,835
Allowance for loan and lease losses (13,291) (13,240)
Loans and leases, net of allowance 1,133,765 1,082,595
Premises and equipment, net 12,254 12,168
Goodwill 69,021 69,021
Loans held-for-sale (includes $2,409 and $2,214 measured at fair value) 5,401 9,545
Customer and other receivables 93,964 82,247
Other assets (includes $9,871 and $13,176 measured at fair value) 169,446 162,056
Total assets 3,441,142 3,261,519
Deposits in U.S. offices:    
Noninterest-bearing 514,530 507,561
Interest-bearing (includes $991 and $310 measured at fair value) 1,363,483 1,329,014
Deposits in non-U.S. offices:    
Noninterest-bearing 14,440 16,297
Interest-bearing 119,160 112,595
Total deposits 2,011,613 1,965,467
Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $241,847 and $192,859 measured at fair value) 399,460 331,758
Trading account liabilities 107,426 92,543
Derivative liabilities 41,693 39,353
Short-term borrowings (includes $5,596 and $6,245 measured at fair value) 47,891 43,391
Accrued expenses and other liabilities (includes $9,064 and $13,199 measured at fair value and $1,143 and $1,096 of reserve for unfunded lending commitments) 220,042 210,169
Long-term debt (includes $62,638 and $50,005 measured at fair value) 313,418 283,279
Total liabilities 3,141,543 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 – 3,891,164 and 3,877,917 shares 23,495 23,159
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 7,436,679,485 and 7,610,862,311 shares 36,428 45,336
Retained earnings 252,180 242,349
Accumulated other comprehensive income (loss) (12,504) (15,285)
Total shareholders’ equity 299,599 295,559
Total liabilities and shareholders’ equity 3,441,142 3,261,519
Consolidated VIEs    
Assets    
Trading account assets (includes $180,332 and $170,328 pledged as collateral) 5,668 5,575
Debt securities:    
Loans and leases (includes $6,863 and $4,249 measured at fair value) 18,617 19,144
Allowance for loan and lease losses (917) (919)
Loans and leases, net of allowance 17,700 18,225
Other assets (includes $9,871 and $13,176 measured at fair value) 633 319
Total assets 24,001 24,119
Deposits in non-U.S. offices:    
Short-term borrowings (includes $5,596 and $6,245 measured at fair value) 4,359 3,329
Long-term debt (includes $62,638 and $50,005 measured at fair value) 8,839 8,457
All other liabilities (includes $23 and $21 of non-recourse liabilities) 23 21
Total liabilities $ 13,221 $ 11,807