JP Morgan Chase 2006 Annual Report Download - page 93

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JPMorgan Chase & Co. / 2006 Annual Report 91
CONSOLIDATED BALANCE SHEETS
JPMorgan Chase & Co.
December 31, (in millions, except share data) 2006 2005
Assets
Cash and due from banks $ 40,412 $ 36,670
Deposits with banks 13,547 21,661
Federal funds sold and securities purchased under resale agreements 140,524 133,981
Securities borrowed 73,688 74,604
Trading assets (including assets pledged of $82,474 at December 31, 2006, and $79,657 at December 31, 2005) 365,738 298,377
Securities:
Available-for-sale (including assets pledged of $39,571 at December 31, 2006, and $17,614 at December 31, 2005) 91,917 47,523
Held-to-maturity (fair value: $60 at December 31, 2006, and $80 at December 31, 2005) 58 77
Interests in purchased receivables —29,740
Loans 483,127 419,148
Allowance for loan losses (7,279) (7,090)
Loans, net of Allowance for loan losses 475,848 412,058
Private equity investments 6,359 6,374
Accrued interest and accounts receivable 22,891 22,421
Premises and equipment 8,735 9,081
Goodwill 45,186 43,621
Other intangible assets:
Mortgage servicing rights 7,546 6,452
Purchased credit card relationships 2,935 3,275
All other intangibles 4,371 4,832
Other assets 51,765 48,195
Total assets $ 1,351,520 $ 1,198,942
Liabilities
Deposits:
U.S. offices:
Noninterest-bearing $ 132,781 $ 135,599
Interest-bearing 337,812 287,774
Non-U.S. offices:
Noninterest-bearing 7,662 7,476
Interest-bearing 160,533 124,142
Total deposits 638,788 554,991
Federal funds purchased and securities sold under repurchase agreements 162,173 125,925
Commercial paper 18,849 13,863
Other borrowed funds 18,053 10,479
Trading liabilities 147,957 145,930
Accounts payable, accrued expenses and other liabilities (including the Allowance for lending-related
commitments of $524 at December 31, 2006, and $400 at December 31, 2005) 88,096 78,460
Beneficial interests issued by consolidated variable interest entities 16,184 42,197
Long-term debt (including structured notes accounted for at fair value of $25,370 at December 31, 2006) 133,421 108,357
Junior subordinated deferrable interest debentures held by trusts that issued guaranteed capital debt securities
12,209 11,529
Total liabilities 1,235,730 1,091,731
Commitments and contingencies (see Note 27 on pages 130–131 of this Annual Report)
Stockholders’ equity
Preferred stock ($1 par value; authorized 200,000,000 shares at December 31, 2006 and 2005;
issued 0 shares and 280,433 shares at December 31, 2006 and 2005, respectively) —139
Common stock ($1 par value; authorized 9,000,000,000 shares at December 31, 2006 and 2005;
issued 3,657,786,282 shares and 3,618,189,597 shares at December 31, 2006 and 2005, respectively) 3,658 3,618
Capital surplus 77,807 74,994
Retained earnings 43,600 33,848
Accumulated other comprehensive income (loss) (1,557) (626)
Treasury stock, at cost (196,102,381 shares and 131,500,350 shares at December 31, 2006 and 2005, respectively) (7,718) (4,762)
Total stockholders’ equity 115,790 107,211
Total liabilities and stockholders’ equity $ 1,351,520 $ 1,198,942
The Notes to consolidated financial statements are an integral part of these statements.