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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Assets    
Cash and due from banks $ 23,873 $ 20,490
Deposits with banks 365,762 340,015
Federal funds sold and securities purchased under resale agreements (included $21,506 and $23,141 at fair value) 229,967 212,575
Securities borrowed (included $0 and $395 at fair value) 96,409 98,721
Trading assets (included assets pledged of $115,847 and $115,284) 372,130 343,839
Securities (included $238,891 and $241,754 at fair value and assets pledged of $16,115 and $14,883) 289,059 290,827
Loans (included $2,230 and $2,861 at fair value) 894,765 837,299
Allowance for loan losses (13,776) (13,555)
Loans, net of allowance for loan losses 880,989 823,744
Accrued interest and accounts receivable 52,330 46,605
Premises and equipment 14,131 14,362
Goodwill 47,288 47,325
Mortgage servicing rights 6,096 6,608
Other intangible assets 862 1,015
Other assets (included $7,557 and $7,604 at fair value and assets pledged of $1,603 and $1,286) 112,076 105,572
Total assets [1] 2,490,972 2,351,698
Liabilities    
Deposits (included $13,912 and $12,516 at fair value) 1,375,179 1,279,715
Federal funds purchased and securities loaned or sold under repurchase agreements (included $687 and $3,526 at fair value) 165,666 152,678
Commercial paper 11,738 15,562
Other borrowed funds (included $9,105 and $9,911 at fair value) 22,705 21,105
Trading liabilities 136,659 126,897
Accounts payable and other liabilities (included $9,120 and $4,401 at fair value) 190,543 177,638
Beneficial interests issued by consolidated VIEs (included $120 and $787 at fair value) 39,047 41,879
Long-term debt (included $37,686 and $33,065 at fair value) 295,245 288,651
Total liabilities [1] 2,236,782 2,104,125
Commitments and contingencies (see Notes 29, 30 and 31)
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 91,627 92,500
Retained earnings 162,440 146,420
Accumulated other comprehensive income (1,175) 192
Shares held in restricted stock units (“RSU”) trust, at cost (472,953 shares) (21) (21)
Treasury stock, at cost (543,744,003 and 441,459,392 shares) (28,854) (21,691)
Total stockholders’ equity 254,190 247,573
Total liabilities and stockholders’ equity 2,490,972 2,351,698
VIEs consolidated by the Firm    
Assets    
Trading assets (included assets pledged of $115,847 and $115,284) 3,185 3,736
Loans (included $2,230 and $2,861 at fair value) 75,614 75,104
Other assets (included $7,557 and $7,604 at fair value and assets pledged of $1,603 and $1,286) 3,321 2,765
Total assets 82,120 81,605
Liabilities    
Beneficial interests issued by consolidated VIEs (included $120 and $787 at fair value) 39,047 41,879
All other liabilities 490 809
Total liabilities $ 39,537 $ 42,688
[1] The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at December 31, 2016 and 2015. The difference between total VIE assets and liabilities represents the Firm’s interests in those entities, which were eliminated in consolidation.December 31, (in millions)2016 2015Assets Trading assets$3,185 $3,736Loans75,614 75,104All other assets3,321 2,765Total assets$82,120 $81,605Liabilities Beneficial interests issued by consolidated VIEs$39,047 $41,879All other liabilities490 809Total liabilities$39,537 $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 December 31, 2016 and 2015, the Firm provided limited program-wide credit enhancement of $2.4 billion and $2.0 billion, respectively, related to its Firm-administered multi-seller conduits, which are eliminated in consolidation. For further discussion, see Note 16.