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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Assets    
Cash and due from banks $ 25,827 $ 23,873
Deposits with banks 404,294 365,762
Federal funds sold and securities purchased under resale agreements (included $14,732 and $21,506 at fair value) 198,422 229,967
Securities borrowed (included $3,049 and $0 at fair value) 105,112 96,409
Trading assets (included assets pledged of $110,061 and $115,847) 381,844 372,130
Securities (included $202,225 and $238,891 at fair value and assets pledged of $17,969 and $16,115) 249,958 289,059
Loans (included $2,508 and $2,230 at fair value) 930,697 894,765
Allowance for loan losses (13,604) (13,776)
Loans, net of allowance for loan losses 917,093 880,989
Accrued interest and accounts receivable 67,729 52,330
Premises and equipment 14,159 14,131
Goodwill, MSRs and other intangible assets 54,392 54,246
Other assets (included $16,128 and $7,557 at fair value and assets pledged of $1,526 and $1,603) 114,770 112,076
Total assets [1] 2,533,600 2,490,972
Liabilities    
Deposits (included $21,321 and $13,912 at fair value) 1,443,982 1,375,179
Federal funds purchased and securities loaned or sold under repurchase agreements (included $697 and $687 at fair value) 158,916 165,666
Short-term borrowings (included $9,191 and $9,105 at fair value) 51,802 34,443
Trading liabilities 123,663 136,659
Accounts payable and other liabilities (included $9,208 and $9,120 at fair value) 189,383 190,543
Beneficial interests issued by consolidated VIEs (included $45 and $120 at fair value) 26,081 39,047
Long-term debt (included $47,519 and $37,686 at fair value) 284,080 295,245
Total liabilities [1] 2,277,907 2,236,782
Commitments and contingencies (see Notes 27, 28 and 29)
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 90,579 91,627
Retained earnings 177,676 162,440
Accumulated other comprehensive income (119) (1,175)
Shares held in restricted stock units (“RSU”) trust, at cost (472,953 shares) (21) (21)
Treasury stock, at cost (679,635,064 and 543,744,003 shares) (42,595) (28,854)
Total stockholders’ equity 255,693 254,190
Total liabilities and stockholders’ equity 2,533,600 2,490,972
VIEs consolidated by the Firm    
Assets    
Trading assets (included assets pledged of $110,061 and $115,847) 1,449 3,185
Loans (included $2,508 and $2,230 at fair value) 68,995 75,614
Other assets (included $16,128 and $7,557 at fair value and assets pledged of $1,526 and $1,603) 2,674 3,321
Total assets 73,118 82,120
Liabilities    
Beneficial interests issued by consolidated VIEs (included $45 and $120 at fair value) 26,081 39,047
All other liabilities 349 490
Total liabilities $ 26,430 $ 39,537
[1] The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at December 31, 2017 and 2016. 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)2017 2016Assets Trading assets$1,449 $3,185Loans68,995 75,614All other assets2,674 3,321Total assets$73,118 $82,120Liabilities Beneficial interests issued by consolidated VIEs$26,081 $39,047All other liabilities349 490Total liabilities$26,430 $39,537The 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, 2017 and 2016, the Firm provided limited program-wide credit enhancement of $2.7 billion and $2.4 billion, respectively, related to its Firm-administered multi-seller conduits, which are eliminated in consolidation. For further discussion, see Note 14.