JP Morgan Chase 2009 Annual Report Download - page 149

Consolidated balance sheets
JPMorgan Chase & Co./2009 Annual Report 147
December 31, (in millions, except share data) 2009 2008
Assets
Cash and due from banks $ 26,206 $ 26,895
Deposits with banks 63,230 138,139
Federal funds sold and securities purchased under resale agreements (included $20,536 and $20,843 at fair value
at December 31, 2009 and 2008, respectively) 195,404 203,115
Securities borrowed (included $7,032 and $3,381 at fair value at December 31, 2009 and 2008, respectively) 119,630 124,000
Trading assets (included assets pledged of $38,315 and $75,063 at December 31, 2009 and 2008, respectively) 411,128 509,983
Securities (included $360,365 and $205,909 at fair value at December 31, 2009 and 2008, respectively, and assets
pledged of $100,931 and $25,942 at December 31, 2009 and 2008, respectively) 360,390 205,943
Loans (included $1,364 and $7,696 at fair value at December 31, 2009 and 2008, respectively) 633,458 744,898
Allowance for loan losses (31,602) (23,164)
Loans, net of allowance for loan losses 601,856 721,734
Accrued interest and accounts receivable (included $5,012 and $3,099 at fair value at December 31, 2009 and
2008, respectively) 67,427 60,987
Premises and equipment 11,118 10,045
Goodwill 48,357 48,027
Mortgage servicing rights 15,531 9,403
Other intangible assets 4,621 5,581
Other assets (included $19,165 and $29,199 at fair value at December 31, 2009 and 2008, respectively) 107,091 111,200
Total assets $ 2,031,989 $ 2,175,052
Liabilities
Deposits (included $4,455 and $5,605 at fair value at December 31, 2009 and 2008, respectively) $ 938,367 $ 1,009,277
Federal funds purchased and securities loaned or sold under repurchase agreements (included $3,396 and $2,993
at fair value at December 31, 2009 and 2008, respectively) 261,413 192,546
Commercial paper 41,794 37,845
Other borrowed funds (included $5,637 and $14,713 at fair value at December 31, 2009 and 2008, respectively) 55,740 132,400
Trading liabilities 125,071 166,878
Accounts payable and other liabilities (included the allowance for lending-related commitments of $939 and $659
at December 31, 2009 and 2008, respectively, and $357 and zero at fair value at December 31, 2009 and 2008,
respectively) 162,696 187,978
Beneficial interests issued by consolidated variable interest entities (included $1,410 and $1,735 at fair value at
December 31, 2009 and 2008, respectively) 15,225 10,561
Long-term debt (included $48,972 and $58,214 at fair value at December 31, 2009 and 2008, respectively) 266,318 270,683
Total liabilities 1,866,624 2,008,168
Commitments and contingencies (see Note 30 on page 238 of this Annual Report)
Stockholders’ equity
Preferred stock ($1 par value; authorized 200,000,000 shares at December 31, 2009 and 2008; issued 2,538,107
and 5,038,107 shares at December 31, 2009 and 2008, respectively) 8,152 31,939
Common stock ($1 par value; authorized 9,000,000,000 shares at December 31, 2009 and 2008; issued
4,104,933,895 shares and 3,941,633,895 shares at December 31, 2009 and 2008, respectively) 4,105 3,942
Capital surplus 97,982 92,143
Retained earnings 62,481 54,013
Accumulated other comprehensive income/(loss) (91) (5,687)
Shares held in RSU Trust, at cost (1,526,944 shares and 4,794,723 shares at December 31, 2009 and 2008, respec-
tively) (68) (217)
Treasury stock, at cost (162,974,783 shares and 208,833,260 shares at December 31, 2009 and 2008, respec-
tively) (7,196) (9,249)
Total stockholders’ equity 165,365 166,884
Total liabilities and stockholders’ equity $ 2,031,989 $ 2,175,052
The Notes to Consolidated Financial Statements are an integral part of these statements.