Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheet

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Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Assets    
Cash and due from banks $ 26,247 $ 29,480
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks 177,994 127,954
Cash and cash equivalents 204,241 157,434
Time deposits placed and other short-term investments 8,069 11,153
Federal funds sold and securities borrowed or purchased under agreements to resell (includes $68,556 and $52,906 measured at fair value) 244,630 212,747
Trading account assets (includes $107,906 and $106,274 pledged as collateral) 198,477 209,358
Derivative assets 47,869 37,762
Debt securities:    
Carried at fair value 303,298 315,117
Held-to-maturity, at cost (fair value – $119,132 and $123,299) 123,539 125,013
Total debt securities 426,837 440,130
Loans and leases 934,078 936,749
Allowance for loan and lease losses (10,260) (10,393)
Loans and leases, net of allowance 923,818 926,356
Premises and equipment, net 9,399 9,247
Goodwill 68,951 68,951
Loans held-for-sale (includes $3,091 and $2,156 measured at fair value) 9,227 11,430
Customer and other receivables 58,127 61,623
Other assets (includes $20,575 and $22,581 measured at fair value) 128,833 135,043
Total assets 2,328,478 2,281,234
Deposits in U.S. offices:    
Noninterest-bearing 434,709 430,650
Interest-bearing (includes $435 and $449 measured at fair value) 811,212 796,576
Deposits in non-U.S. offices:    
Noninterest-bearing 13,768 14,024
Interest-bearing 68,975 68,295
Total deposits 1,328,664 1,309,545
Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $35,116 and $36,182 measured at fair value) 178,528 176,865
Trading account liabilities 100,218 81,187
Derivative liabilities 33,900 34,300
Short-term borrowings (includes $2,284 and $1,494 measured at fair value) 38,073 32,666
Accrued expenses and other liabilities (includes $20,176 and $22,840 measured at fair value and $782 and $777 of reserve for unfunded lending commitments) 150,615 152,123
Long-term debt (includes $30,062 and $31,786 measured at fair value) 232,256 227,402
Total liabilities 2,062,254 2,014,088
Commitments and contingencies (Note 7 – 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 – 3,931,683 and 3,837,683 shares 24,672 22,323
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 10,175,910,851 and 10,287,302,431 shares 133,532 138,089
Retained earnings 120,298 113,816
Accumulated other comprehensive income (loss) (12,278) (7,082)
Total shareholders’ equity 266,224 267,146
Total liabilities and shareholders’ equity 2,328,478 2,281,234
Consolidated VIEs    
Assets    
Trading account assets (includes $107,906 and $106,274 pledged as collateral) 6,065 6,521
Debt securities:    
Loans and leases 46,590 48,929
Allowance for loan and lease losses (984) (1,016)
Loans and leases, net of allowance 45,606 47,913
Loans held-for-sale (includes $3,091 and $2,156 measured at fair value) 13 27
Other assets (includes $20,575 and $22,581 measured at fair value) 399 1,694
Total assets 52,083 56,155
Deposits in non-U.S. offices:    
Short-term borrowings (includes $2,284 and $1,494 measured at fair value) 286 312
Long-term debt (includes $30,062 and $31,786 measured at fair value) 10,051 9,873
All other liabilities (includes $35 and $34 of non-recourse liabilities) 38 37
Total liabilities $ 10,375 $ 10,222