Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheet

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Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Assets    
Cash and due from banks $ 29,365 $ 29,480
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks 141,834 127,954
Cash and cash equivalents 171,199 157,434
Time deposits placed and other short-term investments 8,212 11,153
Federal funds sold and securities borrowed or purchased under agreements to resell (includes $59,763 and $52,906 measured at fair value) 226,486 212,747
Trading account assets (includes $103,145 and $106,274 pledged as collateral) 203,420 209,358
Derivative assets 45,210 37,762
Debt securities:    
Carried at fair value 275,256 315,117
Held-to-maturity, at cost (fair value – $158,231 and $123,299) 163,013 125,013
Total debt securities 438,269 440,130
Loans and leases 935,824 936,749
Allowance for loan and lease losses (10,050) (10,393)
Loans and leases, net of allowance 925,774 926,356
Premises and equipment, net 9,537 9,247
Goodwill 68,951 68,951
Loans held-for-sale (includes $2,845 and $2,156 measured at fair value) 6,511 11,430
Customer and other receivables 57,813 61,623
Other assets (includes $21,883 and $22,581 measured at fair value) 130,288 135,043
Total assets 2,291,670 2,281,234
Deposits in U.S. offices:    
Noninterest-bearing 420,995 430,650
Interest-bearing (includes $513 and $449 measured at fair value) 811,193 796,576
Deposits in non-U.S. offices:    
Noninterest-bearing 14,247 14,024
Interest-bearing 63,256 68,295
Total deposits 1,309,691 1,309,545
Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $32,724 and $36,182 measured at fair value) 177,903 176,865
Trading account liabilities 87,028 81,187
Derivative liabilities 33,605 34,300
Short-term borrowings (includes $3,396 and $1,494 measured at fair value) 40,622 32,666
Accrued expenses and other liabilities (includes $21,178 and $22,840 measured at fair value and $787 and $777 of reserve for unfunded lending commitments) 152,010 152,123
Long-term debt (includes $28,377 and $31,786 measured at fair value) 226,595 227,402
Total liabilities 2,027,454 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 – 3,872,702 and 3,837,683 shares 23,181 22,323
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 10,012,719,225 and 10,287,302,431 shares 128,822 138,089
Retained earnings 125,546 113,816
Accumulated other comprehensive income (loss) (13,333) (7,082)
Total shareholders’ equity 264,216 267,146
Total liabilities and shareholders’ equity 2,291,670 2,281,234
Consolidated VIEs    
Assets    
Trading account assets (includes $103,145 and $106,274 pledged as collateral) 5,692 6,521
Debt securities:    
Loans and leases 45,483 48,929
Allowance for loan and lease losses (959) (1,016)
Loans and leases, net of allowance 44,524 47,913
Loans held-for-sale (includes $2,845 and $2,156 measured at fair value) 3 27
Other assets (includes $21,883 and $22,581 measured at fair value) 396 1,694
Total assets 50,615 56,155
Deposits in non-U.S. offices:    
Short-term borrowings (includes $3,396 and $1,494 measured at fair value) 396 312
Long-term debt (includes $28,377 and $31,786 measured at fair value) 9,865 9,873
All other liabilities (includes $37 and $34 of non-recourse liabilities) 39 37
Total liabilities $ 10,300 $ 10,222