Commitments, Pledged Assets and Collateral (Tables)

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Future minimum rental payments under operating leases

The following table presents required future minimum rental payments under operating leases with noncancelable lease terms that expire after December 31, 2018.

Year ended December 31, (in millions)
2019	1,561
2020	1,520
2021	1,320
2022	1,138
2023	973
After 2023	4,480
Total minimum payments required	10,992
Less: Sublease rentals under noncancelable subleases	(825		)
Net minimum payments required	$	10,167

Total rental expense

Total rental expense was as follows.

Year ended December 31, (in millions)
	2018			2017			2016
Gross rental expense	$	1,881		$	1,853		$	1,860
Sublease rental income	(239		)	(251		)	(241		)
Net rental expense	$	1,642		$	1,602		$	1,619

Schedule of pledged assets

The following table presents the Firm’s pledged assets.

December 31, (in billions)	2018		2017
Assets that may be sold or repledged or otherwise used by secured parties	$	104.0	$	135.8
Assets that may not be sold or repledged or otherwise used by secured parties	83.7		68.1
Assets pledged at Federal Reserve banks and FHLBs	475.3		493.7
Total assets pledged	$	663.0	$	697.6

The significant components of the Firm’s pledged assets were as follows.

December 31, (in billions)	2018		2017
Investment securities	$	59.5	$	86.2
Loans	440.1		437.7
Trading assets and other	163.4		173.7
Total assets pledged	$	663.0	$	697.6

Schedule of collateral received

The following table presents the fair value of collateral accepted.

December 31, (in billions)	2018		2017
Collateral permitted to be sold or repledged, delivered, or otherwise used	$	1,245.3	$	968.8
Collateral sold, repledged, delivered or otherwise used	998.3		771.0