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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 25,098 $ 27,697
Deposits with banks 520,902 539,537
Federal funds sold and securities purchased under resale agreements (included $309,336 and $311,883 at fair value) 317,111 315,592
Securities borrowed (included $68,514 and $70,041 at fair value) 195,917 185,369
Trading assets (included assets pledged of $122,046 and $93,687) 578,892 453,799
Available-for-sale securities (amortized cost of $204,671 and $216,188; included assets pledged of $13,739 and $9,158) 197,248 205,857
Held-to-maturity securities 412,827 425,305
Investment securities, net of allowance for credit losses 610,075 631,162
Loans (included $38,546 and $42,079 at fair value) 1,128,896 1,135,647
Allowance for loan losses (20,053) (19,726)
Loans, net of allowance for loan losses 1,108,843 1,115,921
Accrued interest and accounts receivable 115,316 125,189
Premises and equipment 28,266 27,734
Goodwill, MSRs and other intangible assets 62,090 60,859
Other assets (included $14,434 and $14,921 at fair value and assets pledged of $7,164 and $7,998) 181,795 182,884
Total assets [1] 3,744,305 3,665,743
Liabilities    
Deposits (included $41,580 and $28,620 at fair value) 2,377,253 2,340,179
Federal funds purchased and securities loaned or sold under repurchase agreements (included $192,290 and $151,999 at fair value) 246,396 202,613
Short-term borrowings (included $18,074 and $15,792 at fair value) 42,241 44,027
Trading liabilities 189,864 177,976
Accounts payable and other liabilities (included $6,697 and $7,038 at fair value) 275,077 300,141
Beneficial interests issued by consolidated VIEs (included $1 and $5 at fair value) 14,903 12,610
Long-term debt (included $76,185 and $72,281 at fair value) 295,489 295,865
Total liabilities [1] 3,441,223 3,373,411
Commitments and contingencies (refer to Notes 22, 23 and 24)
Stockholders’ equity    
Preferred stock ($1 par value; authorized 200,000,000 shares; issued 2,740,375 and 2,740,375 shares) 27,404 27,404
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 89,155 89,044
Retained earnings 306,208 296,456
Accumulated other comprehensive losses (14,418) (17,341)
Treasury stock, at cost (1,182,645,386 and 1,170,676,094 shares) (109,372) (107,336)
Total stockholders’ equity 303,082 292,332
Total liabilities and stockholders’ equity 3,744,305 3,665,743
VIEs consolidated by the Firm    
Assets    
Trading assets (included assets pledged of $122,046 and $93,687) 2,033 2,151
Loans, net of allowance for loan losses 33,242 34,411
Other assets (included $14,434 and $14,921 at fair value and assets pledged of $7,164 and $7,998) 533 550
Total assets 35,808 37,112
Liabilities    
Beneficial interests issued by consolidated VIEs (included $1 and $5 at fair value) 14,903 12,610
All other liabilities 255 279
Total liabilities $ 15,158 $ 12,889
[1] The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at March 31, 2023, and December 31, 2022. 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. Refer to Note 13 for a further discussion.
(in millions)March 31, 2023December 31, 2022
Assets
Trading assets$2,033 $2,151 
Loans33,242 34,411 
All other assets533 550 
Total assets$35,808 $37,112 
Liabilities
Beneficial interests issued by consolidated VIEs$14,903 $12,610 
All other liabilities255 279 
Total liabilities$15,158 $12,889