Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheet

v3.24.0.1
Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 27,892 $ 30,334
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks 305,181 199,869
Cash and cash equivalents 333,073 230,203
Time deposits placed and other short-term investments 8,346 7,259
Federal funds sold and securities borrowed or purchased under agreements to resell (includes $133,053 and $146,999 measured at fair value) 280,624 267,574
Trading account assets (includes $130,815 and $115,505 pledged as collateral) 277,354 296,108
Derivative assets 39,323 48,642
Debt securities:    
Carried at fair value 276,852 229,994
Held-to-maturity, at cost (fair value $496,597 and $524,267) 594,555 632,825
Total debt securities 871,407 862,819
Loans and leases (includes $3,569 and $5,771 measured at fair value) 1,053,732 1,045,747
Allowance for loan and lease losses (13,342) (12,682)
Loans and leases, net of allowance 1,040,390 1,033,065
Premises and equipment, net 11,855 11,510
Goodwill 69,021 69,022
Loans held-for-sale (includes $2,059 and $1,115 measured at fair value) 6,002 6,871
Customer and other receivables 81,881 67,543
Other assets (includes $11,861 and $9,594 measured at fair value) 160,875 150,759
Total assets 3,180,151 3,051,375
Deposits in U.S. offices:    
Noninterest-bearing 530,619 640,745
Interest-bearing (includes $284 and $311 measured at fair value) 1,273,904 1,182,590
Deposits in non-U.S. offices:    
Noninterest-bearing 16,427 20,480
Interest-bearing 102,877 86,526
Total deposits 1,923,827 1,930,341
Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $178,609 and $151,708 measured at fair value) 283,887 195,635
Trading account liabilities 95,530 80,399
Derivative liabilities 43,432 44,816
Short-term borrowings (includes $4,690 and $832 measured at fair value) 32,098 26,932
Accrued expenses and other liabilities (includes $11,473 and $9,752 measured at fair value and $1,209 and $1,540 of reserve for unfunded lending commitments) 207,527 224,073
Long-term debt (includes $42,809 and $33,070 measured at fair value) 302,204 275,982
Total liabilities 2,888,505 2,778,178
Commitments and contingencies (Note 6 – Securitizations and Other Variable Interest Entities and Note 12 – 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 – 7,895,457,665 and 7,996,777,943 shares 56,365 58,953
Retained earnings 224,672 207,003
Accumulated other comprehensive income (loss) (17,788) (21,156)
Total shareholders’ equity 291,646 273,197
Total liabilities and shareholders’ equity 3,180,151 3,051,375
Consolidated VIEs    
Assets    
Trading account assets (includes $130,815 and $115,505 pledged as collateral) 6,054 2,816
Debt securities:    
Loans and leases (includes $3,569 and $5,771 measured at fair value) 18,276 16,738
Allowance for loan and lease losses (826) (797)
Loans and leases, net of allowance 17,450 15,941
Other assets (includes $11,861 and $9,594 measured at fair value) 269 116
Total assets 23,773 18,873
Deposits in non-U.S. offices:    
Short-term borrowings (includes $4,690 and $832 measured at fair value) 2,957 42
Long-term debt (includes $42,809 and $33,070 measured at fair value) 8,456 4,581
All other liabilities (includes $19 and $13 of non-recourse liabilities) 19 13
Total liabilities $ 11,432 $ 4,636