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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
Assets    
Cash and due from banks $ 18,212 $ 20,490
Deposits with banks 360,196 340,015
Federal funds sold and securities purchased under resale agreements (included $24,122 and $23,141 at fair value) 223,220 212,575
Securities borrowed (included zero and $395 at fair value) 102,937 98,721
Trading assets (included assets pledged of $109,152 and $115,284) 366,153 343,839
Securities (included $237,391 and $241,754 at fair value and assets pledged of $20,028 and $14,883) 285,323 290,827
Loans (included $1,923 and $2,861 at fair value) 847,313 837,299
Allowance for loan losses (13,994) (13,555)
Loans, net of allowance for loan losses 833,319 823,744
Accrued interest and accounts receivable 57,649 46,605
Premises and equipment 14,195 14,362
Goodwill 47,310 47,325
Mortgage servicing rights 5,658 6,608
Other intangible assets 940 1,015
Other assets (included $7,520 and $7,604 at fair value and assets pledged of $1,329 and $1,286) 108,696 105,572
Total assets [1] 2,423,808 2,351,698
Liabilities    
Deposits (included $12,019 and $12,516 at fair value) 1,321,816 1,279,715
Federal funds purchased and securities loaned or sold under repurchase agreements (included $3,429 and $3,526 at fair value) 160,999 152,678
Commercial paper 17,490 15,562
Other borrowed funds (included $9,635 and $9,911 at fair value) 19,703 21,105
Trading liabilities 147,282 126,897
Accounts payable and other liabilities (included $4,599 and $4,401 at fair value) 176,934 177,638
Beneficial interests issued by consolidated VIEs 38,673 41,879
Long-term debt (included $35,215 and $33,065 at fair value) 290,754 288,651
Total liabilities [1] $ 2,173,651 $ 2,104,125
Commitments and contingencies
Stockholders’ equity    
Preferred stock ($1 par value; authorized 200,000,000 shares; issued 2,606,750 shares) $ 26,068 $ 26,068
Common stock ($1 par value; authorized 9,000,000,000 shares; issued 4,104,933,895 shares) 4,105 4,105
Additional paid-in capital 91,782 92,500
Retained earnings 149,730 146,420
Accumulated other comprehensive income 782 192
Shares held in RSU Trust, at cost (472,953 shares) (21) (21)
Treasury stock, at cost (448,274,970 and 441,459,392 shares) (22,289) (21,691)
Total stockholders’ equity 250,157 247,573
Total liabilities and stockholders’ equity 2,423,808 2,351,698
VIEs consolidated by the Firm    
Assets    
Trading assets (included assets pledged of $109,152 and $115,284) 4,834 3,736
Loans (included $1,923 and $2,861 at fair value) 66,680 75,104
Other assets (included $7,520 and $7,604 at fair value and assets pledged of $1,329 and $1,286) 3,523 2,765
Total assets 75,037 81,605
Liabilities    
Beneficial interests issued by consolidated VIEs 38,673 41,879
All other liabilities 789 809
Total liabilities $ 39,462 $ 42,688
[1] The following table presents information on assets and liabilities related to variable interest entities (“VIEs”) that are consolidated by the Firm at March 31, 2016, and December 31, 2015. The difference between total VIE assets and liabilities represents the Firm’s interests in those entities, which were eliminated in consolidation.(in millions)Mar 31, 2016 Dec 31, 2015Assets Trading assets$4,834 $3,736Loans66,680 75,104All other assets3,523 2,765Total assets$75,037 $81,605Liabilities Beneficial interests issued by consolidated VIEs$38,673 $41,879All other liabilities789 809Total liabilities$39,462 $42,688The assets of the consolidated VIEs are used to settle the liabilities of those entities. The holders of the beneficial interests do not have recourse to the general credit of JPMorgan Chase. At both March 31, 2016, and December 31, 2015, the Firm provided limited program-wide credit enhancement of $2.0 billion related to its Firm-administered multi-seller conduits, which are eliminated in consolidation. For further discussion, see Note 15.