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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 23,164 $ 22,324
Deposits with banks 244,874 256,469
Federal funds sold and securities purchased under resale agreements (included $13,982 and $13,235 at fair value) 267,864 321,588
Securities borrowed (included $5,685 and $5,105 at fair value) 130,661 111,995
Trading assets (included assets pledged of $141,563 and $89,073) 523,373 413,714
Investment securities (included $276,357 and $230,394 at fair value and assets pledged of $10,654 and $11,432) 307,264 261,828
Loans (included $4,309 and $3,151 at fair value) 956,889 984,554
Allowance for loan losses (13,166) (13,445)
Loans, net of allowance for loan losses 943,723 971,109
Accrued interest and accounts receivable 88,399 73,200
Premises and equipment 24,665 14,934
Goodwill, MSRs and other intangible assets 53,302 54,349
Other assets (included $9,544 and $9,630 at fair value and assets pledged of $2,753 and $3,457) 120,090 121,022
Total assets [1] 2,727,379 2,622,532
Liabilities    
Deposits (included $32,924 and $23,217 at fair value) 1,524,361 1,470,666
Federal funds purchased and securities loaned or sold under repurchase agreements (included $981 and $935 at fair value) 201,683 182,320
Short-term borrowings (included $7,736 and $7,130 at fair value) 59,890 69,276
Trading liabilities 147,639 144,773
Accounts payable and other liabilities (included $2,873 and $3,269 at fair value) 216,137 196,710
Beneficial interests issued by consolidated VIEs (included $0 and $28 at fair value) 25,585 20,241
Long-term debt (included $67,828 and $54,886 at fair value) 288,869 282,031
Total liabilities [1] 2,464,164 2,366,017
Commitments and contingencies (refer to Notes 22, 23 and 24)
Stockholders’ equity    
Preferred stock ($1 par value; authorized 200,000,000 shares; issued 2,699,250 and 2,606,750 shares) 26,993 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 88,359 89,162
Retained earnings 212,093 199,202
Accumulated other comprehensive income/(loss) 1,114 (1,507)
Shares held in restricted stock units (“RSU”) Trust, at cost (472,953 shares) (21) (21)
Treasury stock, at cost (907,448,906 and 829,167,674 shares) (69,428) (60,494)
Total stockholders’ equity 263,215 256,515
Total liabilities and stockholders’ equity 2,727,379 2,622,532
VIEs consolidated by the Firm    
Assets    
Trading assets (included assets pledged of $141,563 and $89,073) 1,422 1,966
Loans (included $4,309 and $3,151 at fair value) 53,883 59,456
Other assets (included $9,544 and $9,630 at fair value and assets pledged of $2,753 and $3,457) 987 1,013
Total assets 56,292 62,435
Liabilities    
Beneficial interests issued by consolidated VIEs (included $0 and $28 at fair value) 25,585 20,241
All other liabilities 291 312
Total liabilities $ 25,876 $ 20,553
[1]
The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at June 30, 2019, and December 31, 2018. The assets of the consolidated VIEs are used to settle the liabilities of those entities. The holders of the beneficial interests generally do not have recourse to the general credit of JPMorgan Chase. The assets and liabilities in the table below include third-party assets and liabilities of consolidated VIEs and exclude intercompany balances that eliminate in consolidation. For a further discussion, refer to Note 13.
(in millions)
June 30, 2019
 
December 31, 2018
Assets
 
 
 
Trading assets
$
1,422

 
$
1,966

Loans
53,883

 
59,456

All other assets
987

 
1,013

Total assets
$
56,292

 
$
62,435

Liabilities
 
 
 
Beneficial interests issued by consolidated VIEs
$
25,585

 
$
20,241

All other liabilities
291

 
312

Total liabilities
$
25,876

 
$
20,553