Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheet

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Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 25,849 $ 27,892
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks 294,783 305,181
Cash and cash equivalents 320,632 333,073
Time deposits placed and other short-term investments 8,369 8,346
Federal funds sold and securities borrowed or purchased under agreements to resell (includes $167,835 and $133,053 measured at fair value) 337,752 280,624
Trading account assets (includes $151,737 and $130,815 pledged as collateral) 306,466 277,354
Derivative assets 35,956 39,323
Debt securities:    
Carried at fair value 301,051 276,852
Held-to-maturity, at cost (fair value $466,636 and $496,597) 577,366 594,555
Total debt securities 878,417 871,407
Loans and leases (includes $3,197 and $3,569 measured at fair value) 1,056,785 1,053,732
Allowance for loan and lease losses (13,238) (13,342)
Loans and leases, net of allowance 1,043,547 1,040,390
Premises and equipment, net 11,917 11,855
Goodwill 69,021 69,021
Loans held-for-sale (includes $1,572 and $2,059 measured at fair value) 7,043 6,002
Customer and other receivables 80,978 81,881
Other assets (includes $15,314 and $11,861 measured at fair value) 157,898 160,875
Total assets 3,257,996 3,180,151
Deposits in U.S. offices:    
Noninterest-bearing 503,037 530,619
Interest-bearing (includes $370 and $284 measured at fair value) 1,291,853 1,273,904
Deposits in non-U.S. offices:    
Noninterest-bearing 14,573 16,427
Interest-bearing 101,028 102,877
Total deposits 1,910,491 1,923,827
Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $214,719 and $178,609 measured at fair value) 368,106 283,887
Trading account liabilities 100,345 95,530
Derivative liabilities 40,508 43,432
Short-term borrowings (includes $7,200 and $4,690 measured at fair value) 40,429 32,098
Accrued expenses and other liabilities (includes $15,064 and $11,473 measured at fair value and $1,104 and $1,209 of reserve for unfunded lending commitments) 213,751 207,527
Long-term debt (includes $46,875 and $42,809 measured at fair value) 290,474 302,204
Total liabilities 2,964,104 2,888,505
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 – 4,013,928 and 4,088,099 Shares 26,548 28,397
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 7,774,753,442 and 7,895,457,665 shares 51,376 56,365
Retained earnings 233,597 224,672
Accumulated other comprehensive income (loss) (17,629) (17,788)
Total shareholders’ equity 293,892 291,646
Total liabilities and shareholders’ equity 3,257,996 3,180,151
Consolidated VIEs    
Assets    
Trading account assets (includes $151,737 and $130,815 pledged as collateral) 5,647 6,054
Debt securities:    
Loans and leases (includes $3,197 and $3,569 measured at fair value) 19,827 18,276
Allowance for loan and lease losses (917) (826)
Loans and leases, net of allowance 18,910 17,450
Other assets (includes $15,314 and $11,861 measured at fair value) 281 269
Total assets 24,838 23,773
Deposits in non-U.S. offices:    
Short-term borrowings (includes $7,200 and $4,690 measured at fair value) 3,343 2,957
Long-term debt (includes $46,875 and $42,809 measured at fair value) 9,137 8,456
All other liabilities (includes $22 and $19 of non-recourse liabilities) 22 19
Total liabilities $ 12,502 $ 11,432