Goldman Sachs 2015 Annual Report Download - page 223

THE GOLDMAN SACHS GROUP, INC. AND SUBSIDIARIES
Supplemental Financial Information
Statistical Disclosures
Distribution of Assets, Liabilities and Shareholders’
Equity
The table below presents a summary of consolidated average
balances and interest rates. Assets, liabilities and interest are
classified as U.S. and non-U.S. based on the location of the
legal entity in which the assets and liabilities are held.
Year Ended December
2015 2014 2013
$ in millions
Average
balance Interest
Average
rate
Average
balance Interest
Average
rate
Average
balance Interest
Average
rate
Assets
U.S. $ 57,846 $ 141 0.24% $ 53,606 $ 144 0.27% $ 56,848 $ 167 0.29%
Non-U.S. 5,360 20 0.37% 5,529 20 0.36% 5,073 19 0.37%
Total deposits with banks 63,206 161 0.25% 59,135 164 0.28% 61,921 186 0.30%
U.S. 178,496 (376) (0.21)% 193,555 (514) (0.27)% 198,677 (289) (0.15)%
Non-U.S. 111,168 386 0.35% 108,766 433 0.40% 129,071 332 0.26%
Total securities borrowed, securities purchased under
agreements to resell and federal funds sold 289,664 10 0.00% 302,321 (81) (0.03)% 327,748 43 0.01%
U.S. 150,631 4,063 2.70% 170,647 5,045 2.96% 182,158 5,353 2.94%
Non-U.S. 97,152 1,779 1.83% 101,163 2,407 2.38% 110,807 2,806 2.53%
Total financial instruments owned, at fair value 1247,783 5,842 2.36% 271,810 7,452 2.74% 292,965 8,159 2.78%
U.S. 34,521 1,101 3.19% 21,459 650 3.03% 9,736 268 2.75%
Non-U.S. 2,440 90 3.69% 966 58 6.00% 560 28 5.00%
Total loans receivable 36,961 1,191 3.22% 22,425 708 3.16% 10,296 296 2.87%
U.S. 75,789 783 1.03% 85,811 813 0.95% 81,759 796 0.97%
Non-U.S. 54,773 465 0.85% 54,922 548 1.00% 57,016 580 1.02%
Total other interest-earning assets 2130,562 1,248 0.96% 140,733 1,361 0.97% 138,775 1,376 0.99%
Total interest-earning assets 768,176 8,452 1.10% 796,424 9,604 1.21% 831,705 10,060 1.21%
Cash and due from banks 6,352 5,237 6,212
Other non-interest-earning assets 199,421 92,600 105,713
Total assets 3$873,949 $894,261 $943,630
Liabilities
U.S. $ 73,063 $ 354 0.48% $ 62,595 $ 286 0.46% $ 60,699 $ 352 0.58%
Non-U.S. 13,885 54 0.39% 10,569 47 0.44% 8,883 35 0.39%
Total interest-bearing deposits 86,948 408 0.47% 73,164 333 0.46% 69,582 387 0.56%
U.S. 59,885 221 0.37% 79,517 206 0.26% 114,884 242 0.21%
Non-U.S. 29,777 109 0.37% 52,394 225 0.43% 63,802 334 0.52%
Total securities loaned and securities sold under
agreements to repurchase 89,662 330 0.37% 131,911 431 0.33% 178,686 576 0.32%
U.S. 36,609 644 1.76% 39,708 828 2.09% 37,923 671 1.77%
Non-U.S. 36,066 675 1.87% 42,511 913 2.15% 54,990 1,383 2.52%
Total financial instruments sold, but not yet purchased, at
fair value 172,675 1,319 1.81% 82,219 1,741 2.12% 92,913 2,054 2.21%
U.S. 42,743 401 0.94% 45,841 413 0.90% 40,511 365 0.90%
Non-U.S. 14,447 28 0.19% 18,751 34 0.18% 20,415 29 0.14%
Total short-term borrowings 457,190 429 0.75% 64,592 447 0.69% 60,926 394 0.65%
U.S. 172,160 3,722 2.16% 164,568 3,327 2.02% 167,850 3,635 2.17%
Non-U.S. 8,843 156 1.76% 7,201 133 1.85% 6,088 117 1.92%
Total long-term borrowings 4181,003 3,878 2.14% 171,769 3,460 2.01% 173,938 3,752 2.16%
U.S. 156,248 (1,378) (0.88)% 153,600 (1,222) (0.80)% 144,888 (904) (0.62)%
Non-U.S. 62,672 402 0.64% 62,311 367 0.59% 58,594 409 0.70%
Total other interest-bearing liabilities 5218,920 (976) (0.45)% 215,911 (855) (0.40)% 203,482 (495) (0.24)%
Total interest-bearing liabilities 706,398 5,388 0.76% 739,566 5,557 0.75% 779,527 6,668 0.86%
Non-interest-bearing deposits 1,986 799 655
Other non-interest-bearing liabilities 179,251 73,057 86,095
Total liabilities 3787,635 813,422 866,277
Shareholders’ equity
Preferred stock 10,585 8,585 6,892
Common stock 75,729 72,254 70,461
Total shareholders’ equity 86,314 80,839 77,353
Total liabilities and shareholders’ equity $873,949 $894,261 $943,630
Interest rate spread 0.34% 0.46% 0.35%
U.S. $ 1,748 0.35% $ 2,300 0.44% $ 1,934 0.37%
Non-U.S. 1,316 0.49% 1,747 0.64% 1,458 0.48%
Net interest income and net yield on interest-earning assets 3,064 0.40% 4,047 0.51% 3,392 0.41%
Percentage of interest-earning assets and interest-bearing liabilities attributable to non-U.S. operations
Assets 35.26% 34.07% 36.37%
Liabilities 23.46% 26.20% 27.30%
1. Derivative instruments and commodities are included in other non-interest-earning assets and other non-interest-bearing liabilities.
2. Primarily consists of certain receivables from customers and counterparties and cash and securities segregated for regulatory and other purposes.
3. The impact of adopting ASU No. 2015-03 was a reduction to both average total assets and average total liabilities of $402 million and $382 million for the year ended
December 2014 and December 2013, respectively. See Note 3 to the consolidated financial statements for further information about ASU No. 2015-03.
4. Interest rates include the effects of interest rate swaps accounted for as hedges.
5. Substantially all consists of certain payables to customers and counterparties.
Goldman Sachs 2015 Form 10-K 211