Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheet

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Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 29,651 $ 30,334
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks 343,902 199,869
Cash and cash equivalents 373,553 230,203
Time deposits placed and other short-term investments 7,941 7,259
Federal funds sold and securities borrowed or purchased under agreements to resell (includes $152,081 and $146,999 measured at fair value) 276,281 267,574
Trading account assets (includes $152,849 and $115,505 pledged as collateral) 311,400 296,108
Derivative assets 46,475 48,642
Debt securities:    
Carried at fair value 142,040 229,994
Held-to-maturity, at cost (fair value $508,351 and $524,267) 614,118 632,825
Total debt securities 756,158 862,819
Loans and leases (includes $4,327 and $5,771 measured at fair value) 1,051,224 1,045,747
Allowance for loan and lease losses (12,950) (12,682)
Loans and leases, net of allowance 1,038,274 1,033,065
Premises and equipment, net 11,688 11,510
Goodwill 69,021 69,022
Loans held-for-sale (includes $2,063 and $1,115 measured at fair value) 6,788 6,871
Customer and other receivables 74,000 67,543
Other assets (includes $10,028 and $9,594 measured at fair value) 151,619 150,759
Total assets 3,123,198 3,051,375
Deposits in U.S. offices:    
Noninterest-bearing 571,621 640,745
Interest-bearing (includes $379 and $311 measured at fair value) 1,197,396 1,182,590
Deposits in non-U.S. offices:    
Noninterest-bearing 16,662 20,480
Interest-bearing 91,530 86,526
Total deposits 1,877,209 1,930,341
Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $214,991 and $151,708 measured at fair value) 288,627 195,635
Trading account liabilities 97,818 80,399
Derivative liabilities 43,399 44,816
Short-term borrowings (includes $2,239 and $832 measured at fair value) 41,017 26,932
Accrued expenses and other liabilities (includes $11,587 and $9,752 measured at fair value and $1,388 and $1,540 of reserve for unfunded lending commitments) 205,736 224,073
Long-term debt (includes $40,622 and $33,070 measured at fair value) 286,073 275,982
Total liabilities 2,839,879 2,778,178
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 – 4,088,099 and 4,088,101 shares 28,397 28,397
Common stock and additional paid-in capital, $0.01  par value; authorized – 12,800,000,000 shares; issued and outstanding – 7,953,563,116 and 7,996,777,943 shares 57,267 58,953
Retained earnings 218,397 207,003
Accumulated other comprehensive income (loss) (20,742) (21,156)
Total shareholders’ equity 283,319 273,197
Total liabilities and shareholders’ equity 3,123,198 3,051,375
Consolidated VIEs    
Assets    
Trading account assets (includes $152,849 and $115,505 pledged as collateral) 4,610 2,816
Debt securities:    
Loans and leases (includes $4,327 and $5,771 measured at fair value) 15,884 16,738
Allowance for loan and lease losses (796) (797)
Loans and leases, net of allowance 15,088 15,941
Other assets (includes $10,028 and $9,594 measured at fair value) 126 116
Total assets 19,824 18,873
Deposits in non-U.S. offices:    
Short-term borrowings (includes $2,239 and $832 measured at fair value) 1,877 42
Long-term debt (includes $40,622 and $33,070 measured at fair value) 5,701 4,581
All other liabilities (includes $10 and $13 of non-recourse liabilities) 10 12
Total liabilities $ 7,588 $ 4,635