Bank of New York Mellon Corp
For the period ended Mar 31, 2024. Filed May 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheet (unaudited)
The Bank of New York Mellon Corporation (and its subsidiaries)
Consolidated Balance Sheet(unaudited)
| March 31, 2024 | Dec. 31, 2023 | |
|---|---|---|
| (dollars in millions, except per share amounts) | ||
| Assets | ||
| Cash and due from banks, net of allowance for credit losses of $30 and $18 | $5,305 | $4,922 |
| Interest-bearing deposits with the Federal Reserve and other central banks | 119,197 | 111,550 |
| Interest-bearing deposits with banks, net of allowance for credit losses of $3 and $2 (includes restricted of $1,907 and $3,420) | 10,636 | 12,139 |
| Federal funds sold and securities purchased under resale agreements | 29,661 | 28,900 |
| Securities: | ||
| Held-to-maturity, at amortized cost, net of allowance for credit losses of less than $1 and $1 (fair value of $43,213 and $44,711) | 48,404 | 49,578 |
| Available-for-sale, at fair value (amortized cost of $94,641 and $80,678, net of allowance for credit losses of $1 and less than $1) | 90,505 | 76,817 |
| Total securities | 138,909 | 126,395 |
| Trading assets | 10,078 | 10,058 |
| Loans | 73,615 | 66,879 |
| Allowance for credit losses | (322) | (303) |
| Net loans | 73,293 | 66,576 |
| Premises and equipment | 3,136 | 3,163 |
| Accrued interest receivable | 1,343 | 1,150 |
| Goodwill | 16,228 | 16,261 |
| Intangible assets | 2,839 | 2,854 |
| Other assets, net of allowance for credit losses on accounts receivable of $3 and $3 (includes $1,437 and $1,261, at fair value) (a) | 24,103 | 25,909 |
| Total assets (a) | $434,728 | $409,877 |
| Liabilities | ||
| Deposits: | ||
| Noninterest-bearing deposits (principally U.S. offices) | $63,405 | $58,274 |
| Interest-bearing deposits in U.S. offices | 151,540 | 132,616 |
| Interest-bearing deposits in non-U.S. offices | 94,075 | 92,779 |
| Total deposits | 309,020 | 283,669 |
| Federal funds purchased and securities sold under repurchase agreements | 15,112 | 14,507 |
| Trading liabilities | 3,100 | 6,226 |
| Payables to customers and broker-dealers | 19,392 | 18,395 |
| Other borrowed funds | 306 | 479 |
| Accrued taxes and other expenses (a) | 4,395 | 5,411 |
| Other liabilities (including allowance for credit losses on lending-related commitments of $81 and $87, also includes $70 and $195, at fair value) (a) | 10,245 | 9,028 |
| Long-term debt | 32,396 | 31,257 |
| Total liabilities (a) | 393,966 | 368,972 |
| Temporary equity | ||
| Redeemable noncontrolling interests | 82 | 85 |
| Permanent equity | ||
| Preferred stock – par value $0.01 per share; authorized 100,000,000 shares; issued 43,826 and 43,826 shares | 4,343 | 4,343 |
| Common stock – par value $0.01 per share; authorized 3,500,000,000 shares; issued 1,408,769,769 and 1,402,429,447 shares | 14 | 14 |
| Additional paid-in capital | 29,055 | 28,908 |
| Retained earnings (a) | 40,178 | 39,549 |
| Accumulated other comprehensive loss, net of tax | (4,876) | (4,893) |
| Less: Treasury stock of 660,953,934 and 643,085,355 common shares, at cost | (28,145) | (27,151) |
| Total The Bank of New York Mellon Corporation shareholders’ equity (a) | 40,569 | 40,770 |
| Nonredeemable noncontrolling interests of consolidated investment management funds | 111 | 50 |
| Total permanent equity (a) | 40,680 | 40,820 |
| Total liabilities, temporary equity and permanent equity (a) | $434,728 | $409,877 |
(a)Prior period balances were restated to reflect the retrospective application of adopting new accounting guidance related to our investments in renewable energy projects using the proportional amortization method (ASU 2023-02). See Note 2 of the Notes to Consolidated Financial Statements for additional information.
50 BNY Mellon
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