Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheet

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Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 24,847 $ 27,892
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks 270,742 305,181
Cash and cash equivalents 295,589 333,073
Time deposits placed and other short-term investments 8,151 8,346
Federal funds sold and securities borrowed or purchased under agreements to resell (includes $176,229 and $133,053 measured at fair value) 337,706 280,624
Trading account assets (includes $181,996 and $130,815 pledged as collateral) 342,135 277,354
Derivative assets 34,182 39,323
Debt securities:    
Carried at fair value 325,436 276,852
Held-to-maturity, at cost (fair value $481,887 and $496,597) 567,553 594,555
Total debt securities 892,989 871,407
Loans and leases (includes $4,172 and $3,569 measured at fair value) 1,075,800 1,053,732
Allowance for loan and lease losses (13,251) (13,342)
Loans and leases, net of allowance 1,062,549 1,040,390
Premises and equipment, net 12,033 11,855
Goodwill 69,021 69,021
Loans held-for-sale (includes $3,141 and $2,059 measured at fair value) 10,351 6,002
Customer and other receivables 91,267 81,881
Other assets (includes $17,254 and $11,861 measured at fair value) 168,320 160,875
Total assets 3,324,293 3,180,151
Deposits in U.S. offices:    
Noninterest-bearing 498,263 530,619
Interest-bearing (includes $443 and $284 measured at fair value) 1,308,856 1,273,904
Deposits in non-U.S. offices:    
Noninterest-bearing 15,457 16,427
Interest-bearing 107,776 102,877
Total deposits 1,930,352 1,923,827
Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $243,431 and $178,609 measured at fair value) 397,958 283,887
Trading account liabilities 98,316 95,530
Derivative liabilities 43,131 43,432
Short-term borrowings (includes $6,478 and $4,690 measured at fair value) 38,440 32,098
Accrued expenses and other liabilities (includes $16,036 and $11,473 measured at fair value and $1,100 and $1,209 of reserve for unfunded lending commitments) 222,657 207,527
Long-term debt (includes $53,554 and $42,809 measured at fair value) 296,927 302,204
Total liabilities 3,027,781 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 – 3,933,917 and 4,088,099 shares 24,554 28,397
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 7,688,767,832 and 7,895,457,665 shares 48,338 56,365
Retained earnings 237,954 224,672
Accumulated other comprehensive income (loss) (14,334) (17,788)
Total shareholders’ equity 296,512 291,646
Total liabilities and shareholders’ equity 3,324,293 3,180,151
Consolidated VIEs    
Assets    
Trading account assets (includes $181,996 and $130,815 pledged as collateral) 6,280 6,054
Debt securities:    
Loans and leases (includes $4,172 and $3,569 measured at fair value) 19,267 18,276
Allowance for loan and lease losses (923) (826)
Loans and leases, net of allowance 18,344 17,450
Other assets (includes $17,254 and $11,861 measured at fair value) 278 269
Total assets 24,902 23,773
Deposits in non-U.S. offices:    
Short-term borrowings (includes $6,478 and $4,690 measured at fair value) 3,542 2,957
Long-term debt (includes $53,554 and $42,809 measured at fair value) 8,873 8,456
All other liabilities (includes $22 and $19 of non-recourse liabilities) 22 19
Total liabilities $ 12,437 $ 11,432