Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheet

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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Assets    
Cash and due from banks $ 29,480 $ 30,719
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks 127,954 117,019
Cash and cash equivalents 157,434 147,738
Time deposits placed and other short-term investments 11,153 9,861
Federal funds sold and securities borrowed or purchased under agreements to resell (includes $52,906 and $49,750 measured at fair value) 212,747 198,224
Trading account assets (includes $106,274 and $106,057 pledged as collateral) 209,358 180,209
Derivative assets 37,762 42,512
Debt securities:    
Carried at fair value (includes $29,830 and $29,804 pledged as collateral) 315,117 313,660
Held-to-maturity, at cost (fair value – $123,299 and $115,285; $6,007 and $8,233 pledged as collateral) 125,013 117,071
Total debt securities 440,130 430,731
Loans and leases 936,749 906,683
Allowance for loan and lease losses (10,393) (11,237)
Loans and leases, net of allowance 926,356 895,446
Premises and equipment, net 9,247 9,139
Mortgage servicing rights 2,302 2,747
Goodwill 68,951 68,969
Loans held-for-sale (includes $2,156 and $4,026 measured at fair value) 11,430 9,066
Customer and other receivables 61,623 58,759
Assets of business held for sale (includes $619 measured at fair value at December 31, 2016) 0 10,670
Other assets (includes $20,279 and $13,802 measured at fair value) 132,741 123,996
Total assets 2,281,234 2,188,067
Deposits in U.S. offices:    
Noninterest-bearing 430,650 438,125
Interest-bearing (includes $449 and $731 measured at fair value) 796,576 750,891
Deposits in non-U.S. offices:    
Noninterest-bearing 14,024 12,039
Interest-bearing 68,295 59,879
Total deposits 1,309,545 1,260,934
Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $36,182 and $35,766 measured at fair value) 176,865 170,291
Trading account liabilities 81,187 63,031
Derivative liabilities 34,300 39,480
Short-term borrowings (includes $1,494 and $2,024 measured at fair value) 32,666 23,944
Accrued expenses and other liabilities (includes $22,840 and $14,630 measured at fair value and $777 and $762 of reserve for unfunded lending commitments) 152,123 147,369
Long-term debt (includes $31,786 and $30,037 measured at fair value) 227,402 216,823
Total liabilities 2,014,088 1,921,872
Commitments and contingencies (Note 6 – Securitizations and Other Variable Interest Entities, Note 7 – Representations and Warranties Obligations and Corporate Guarantees and Note 10 – Commitments and Contingencies)
Shareholders’ equity    
Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 3,837,683 and 3,887,329 shares 22,323 25,220
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 10,287,302,431 and 10,052,625,604 shares 138,089 147,038
Retained earnings 113,816 101,225
Accumulated other comprehensive income (loss) (7,082) (7,288)
Total shareholders’ equity 267,146 266,195
Total liabilities and shareholders’ equity 2,281,234 2,188,067
Consolidated VIEs    
Assets    
Trading account assets (includes $106,274 and $106,057 pledged as collateral) 6,521 5,773
Debt securities:    
Loans and leases 48,929 56,001
Allowance for loan and lease losses (1,016) (1,032)
Loans and leases, net of allowance 47,913 54,969
Loans held-for-sale (includes $2,156 and $4,026 measured at fair value) 27 188
Other assets (includes $20,279 and $13,802 measured at fair value) 1,694 1,596
Total assets 56,155 62,526
Deposits in non-U.S. offices:    
Short-term borrowings (includes $1,494 and $2,024 measured at fair value) 312 348
Long-term debt (includes $31,786 and $30,037 measured at fair value) 9,873 10,646
All other liabilities (includes $34 and $38 of non-recourse liabilities) 37 41
Total liabilities $ 10,222 $ 11,035