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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 24,874 $ 21,704
Deposits with banks 502,735 241,927
Federal funds sold and securities purchased under resale agreements (included $238,015 and $14,561 at fair value) 296,284 249,157
Securities borrowed (included $52,983 and $6,237 at fair value) 160,635 139,758
Trading assets (included assets pledged of $130,645 and $111,522) [1] 503,126 369,687
Available-for-sale securities (amortized cost of $381,729 and $345,306; included assets pledged of $32,227 and $10,325) 388,178 350,699
Held-to-maturity securities (net of allowance for credit losses of $78) 201,821 47,540
Investment securities, net of allowance for credit losses 589,999 398,239
Loans (included $44,474 and $44,955 at fair value) [1] 1,012,853 997,620
Allowance for loan losses (28,328) (13,123)
Loans, net of allowance for loan losses 984,525 984,497
Accrued interest and accounts receivable 90,503 72,861
Premises and equipment 27,109 25,813
Goodwill, MSRs and other intangible assets 53,428 53,341
Other assets (included $13,827 and $12,676 at fair value and assets pledged of $3,739 and $3,349) [1] 152,853 130,395
Total assets [2] 3,386,071 2,687,379
Liabilities    
Deposits (included $14,484 and $28,589 at fair value) 2,144,257 1,562,431
Federal funds purchased and securities loaned or sold under repurchase agreements (included $155,735 and $549 at fair value) 215,209 183,675
Short-term borrowings (included $16,893 and $5,920 at fair value) 45,208 40,920
Trading liabilities 170,181 119,277
Accounts payable and other liabilities (included $3,476 and $3,728 at fair value) 232,599 210,407
Beneficial interests issued by consolidated VIEs (included $41 and $36 at fair value) 17,578 17,841
Long-term debt (included $76,817 and $75,745 at fair value) 281,685 291,498
Total liabilities [2] 3,106,717 2,426,049
Commitments and contingencies (refer to Notes 28, 29 and 30)
Stockholders’ equity    
Preferred stock ($1 par value; authorized 200,000,000 shares: issued 3,006,250 and 2,699,250 shares) 30,063 26,993
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 88,394 88,522
Retained earnings 236,990 223,211
Accumulated other comprehensive income 7,986 1,569
Shares held in restricted stock units (“RSU”) trust, at cost (zero and 472,953 shares) 0 (21)
Treasury stock, at cost (1,055,499,435 and 1,020,912,567 shares) (88,184) (83,049)
Total stockholders’ equity 279,354 261,330
Total liabilities and stockholders’ equity 3,386,071 2,687,379
VIEs consolidated by the Firm    
Assets    
Trading assets (included assets pledged of $130,645 and $111,522) 1,934 2,633
Loans, net of allowance for loan losses 37,619 42,931
Other assets (included $13,827 and $12,676 at fair value and assets pledged of $3,739 and $3,349) 681 881
Total assets 40,234 46,445
Liabilities    
Beneficial interests issued by consolidated VIEs (included $41 and $36 at fair value) 17,578 17,841
All other liabilities 233 447
Total liabilities $ 17,811 $ 18,288
[1] In the third quarter of 2020, the Firm reclassified certain fair value option elected lending-related positions from trading assets to loans and other assets. Prior-period amounts have been revised to conform with the current presentation.
[2] The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at December 31, 2020 and 2019. The 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. 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. Refer to Note 14 for a further discussion.
December 31, (in millions)20202019
Assets
Trading assets$1,934 $2,633 
Loans37,619 42,931 
All other assets681 881 
Total assets$40,234 $46,445 
Liabilities
Beneficial interests issued by consolidated VIEs$17,578 $17,841 
All other liabilities233 447 
Total liabilities$17,811 $18,288