diff --git a/src/api/common/schema-validator.js b/src/api/common/schema-validator.js
index db4f99dba0..0f16470ca0 100644
--- a/src/api/common/schema-validator.js
+++ b/src/api/common/schema-validator.js
@@ -31,6 +31,8 @@ function loadSchemas() {
     require('./schemas/currency.json'),
     require('./schemas/get-account-info.json'),
     require('./schemas/get-balances.json'),
+    require('./schemas/get-balance-sheet'),
+    require('./schemas/balance-sheet-options.json'),
     require('./schemas/get-ledger.json'),
     require('./schemas/get-orderbook.json'),
     require('./schemas/get-orders.json'),
diff --git a/src/api/common/schemas/balance-sheet-options.json b/src/api/common/schemas/balance-sheet-options.json
new file mode 100644
index 0000000000..85a8547cce
--- /dev/null
+++ b/src/api/common/schemas/balance-sheet-options.json
@@ -0,0 +1,15 @@
+{
+  "$schema": "http://json-schema.org/draft-04/schema#",
+  "title": "balance-sheet-options",
+  "description": "Options for getBalanceSheet",
+  "type": "object",
+  "properties": {
+    "excludeAddresses": {
+      "type": "array",
+      "items": {"$ref": "address"},
+      "uniqueItems": true
+    },
+    "ledgerVersion": {"$ref": "ledgerVersion"}
+  },
+  "additionalProperties": false
+}
diff --git a/src/api/common/schemas/get-balance-sheet.json b/src/api/common/schemas/get-balance-sheet.json
new file mode 100644
index 0000000000..5d74494aa9
--- /dev/null
+++ b/src/api/common/schemas/get-balance-sheet.json
@@ -0,0 +1,29 @@
+{
+  "$schema": "http://json-schema.org/draft-04/schema#",
+  "title": "getBalanceSheet",
+  "description": "getBalanceSheet response",
+  "type": "object",
+  "properties": {
+    "balances": {
+      "type": "array",
+      "items": {"$ref": "amount"}
+    },
+    "assets": {
+      "type": "array",
+      "items": {"$ref": "amount"}
+    },
+    "obligations": {
+      "type": "array",
+      "items": {
+        "type": "object",
+        "required": ["currency", "value"],
+        "additionalProperties": false,
+        "properties": {
+          "currency": {"$ref": "currency"},
+          "value": {"$ref": "value"}
+        }
+      }
+    }
+  },
+  "additionalProperties": false
+}
diff --git a/src/api/common/validate.js b/src/api/common/validate.js
index 3c700080bd..ce5f2d2ea9 100644
--- a/src/api/common/validate.js
+++ b/src/api/common/validate.js
@@ -82,6 +82,7 @@ module.exports = {
   getAccountInfoOptions: _.partial(validateOptions, 'settings-options'),
   getTrustlinesOptions: _.partial(validateOptions, 'trustlines-options'),
   getBalancesOptions: _.partial(validateOptions, 'trustlines-options'),
+  getBalanceSheetOptions: _.partial(validateOptions, 'balance-sheet-options'),
   getOrdersOptions: _.partial(validateOptions, 'orders-options'),
   getOrderbookOptions: _.partial(validateOptions, 'orders-options'),
   getTransactionOptions: _.partial(validateOptions, 'transaction-options'),
diff --git a/src/api/index.js b/src/api/index.js
index 0fc6ee5c95..d5a6b98373 100644
--- a/src/api/index.js
+++ b/src/api/index.js
@@ -16,6 +16,7 @@ const getTransaction = require('./ledger/transaction');
 const getTransactions = require('./ledger/transactions');
 const getTrustlines = require('./ledger/trustlines');
 const getBalances = require('./ledger/balances');
+const getBalanceSheet = require('./ledger/balance-sheet');
 const getPaths = require('./ledger/pathfind');
 const getOrders = require('./ledger/orders');
 const getOrderbook = require('./ledger/orderbook');
@@ -66,6 +67,7 @@ _.assign(RippleAPI.prototype, {
   getTransactions,
   getTrustlines,
   getBalances,
+  getBalanceSheet,
   getPaths,
   getOrders,
   getOrderbook,
diff --git a/src/api/ledger/balance-sheet.js b/src/api/ledger/balance-sheet.js
new file mode 100644
index 0000000000..608ae5080d
--- /dev/null
+++ b/src/api/ledger/balance-sheet.js
@@ -0,0 +1,68 @@
+'use strict';
+
+const _ = require('lodash');
+const utils = require('./utils');
+const validate = utils.common.validate;
+const composeAsync = utils.common.composeAsync;
+const convertErrors = utils.common.convertErrors;
+
+function formatBalanceSheet(balanceSheet) {
+  const result = {};
+
+  if (!_.isUndefined(balanceSheet.balances)) {
+    result.balances = [];
+    _.forEach(balanceSheet.balances, (balances, counterparty) => {
+      _.forEach(balances, (balance) => {
+        result.balances.push(Object.assign({counterparty}, balance));
+      });
+    });
+  }
+  if (!_.isUndefined(balanceSheet.assets)) {
+    result.assets = [];
+    _.forEach(balanceSheet.assets, (assets, counterparty) => {
+      _.forEach(assets, (balance) => {
+        result.assets.push(Object.assign({counterparty}, balance));
+      });
+    });
+  }
+  if (!_.isUndefined(balanceSheet.obligations)) {
+    result.obligations = _.map(balanceSheet.obligations, (value, currency) =>
+                               ({currency, value}));
+  }
+
+  return result;
+}
+
+function getBalanceSheetAsync(address, options, callback) {
+  validate.address(address);
+  validate.getBalanceSheetOptions(options);
+
+  const requestOptions = Object.assign({}, {
+    account: address,
+    strict: true,
+    hotwallet: options.excludeAddresses,
+    ledger: options.ledgerVersion
+  });
+
+  const requestCallback = composeAsync(
+    formatBalanceSheet, convertErrors(callback));
+
+  this.remote.getLedgerSequence((err, ledgerVersion) => {
+    if (err) {
+      callback(err);
+      return;
+    }
+
+    if (_.isUndefined(requestOptions.ledger)) {
+      requestOptions.ledger = ledgerVersion;
+    }
+
+    this.remote.requestGatewayBalances(requestOptions, requestCallback);
+  });
+}
+
+function getBalanceSheet(address: string, options = {}) {
+  return utils.promisify(getBalanceSheetAsync).call(this, address, options);
+}
+
+module.exports = getBalanceSheet;
diff --git a/src/core/remote.js b/src/core/remote.js
index 7268c7ad2d..fff2fb9295 100644
--- a/src/core/remote.js
+++ b/src/core/remote.js
@@ -2280,6 +2280,29 @@ Remote.prototype.requestConnect = function(ip, port, callback) {
   return request;
 };
 
+Remote.prototype.requestGatewayBalances = function(options, callback) {
+  assert(_.isObject(options), 'Options missing');
+  assert(options.account, 'Account missing');
+
+  const request = new Request(this, 'gateway_balances');
+
+  request.message.account = UInt160.json_rewrite(options.account);
+
+  if (!_.isUndefined(options.hotwallet)) {
+    request.message.hotwallet = options.hotwallet;
+  }
+  if (!_.isUndefined(options.strict)) {
+    request.message.strict = options.strict;
+  }
+  if (!_.isUndefined(options.ledger)) {
+    request.selectLedger(options.ledger);
+  }
+
+  request.callback(callback);
+
+  return request;
+};
+
 /**
  * Create a Transaction
  *
diff --git a/test/api-test.js b/test/api-test.js
index 16a8fc6aa0..53fc437051 100644
--- a/test/api-test.js
+++ b/test/api-test.js
@@ -29,7 +29,6 @@ const orderbook = {
 };
 
 function checkResult(expected, schemaName, response) {
-  // console.log(JSON.stringify(response, null, 2));
   assert.deepEqual(response, expected);
   if (schemaName) {
     schemaValidator.schemaValidate(schemaName, response);
@@ -202,6 +201,11 @@ describe('RippleAPI', function() {
       _.partial(checkResult, responses.getBalances, 'getBalances'));
   });
 
+  it('getBalanceSheet', function() {
+    return this.api.getBalanceSheet(address).then(
+      _.partial(checkResult, responses.getBalanceSheet, 'getBalanceSheet'));
+  });
+
   describe('getTransaction', () => {
     it('getTransaction - payment', function() {
       return this.api.getTransaction(hashes.VALID_TRANSACTION_HASH).then(
diff --git a/test/fixtures/api/responses/get-balance-sheet.json b/test/fixtures/api/responses/get-balance-sheet.json
new file mode 100644
index 0000000000..650f07c3fc
--- /dev/null
+++ b/test/fixtures/api/responses/get-balance-sheet.json
@@ -0,0 +1,54 @@
+{
+  "balances": [
+    {
+    "counterparty": "rKm4uWpg9tfwbVSeATv4KxDe6mpE9yPkgJ",
+    "currency": "EUR",
+    "value": "29826.1965999999"
+  },
+  {
+    "counterparty": "rKm4uWpg9tfwbVSeATv4KxDe6mpE9yPkgJ",
+    "currency": "USD",
+    "value": "10.0"
+  },
+  {
+    "counterparty": "ra7JkEzrgeKHdzKgo4EUUVBnxggY4z37kt",
+    "currency": "USD",
+    "value": "13857.70416"
+  }
+  ],
+  "assets": [
+    {
+    "counterparty": "r9F6wk8HkXrgYWoJ7fsv4VrUBVoqDVtzkH",
+    "currency": "BTC",
+    "value": "5444166510000000e-26"
+  },
+  {
+    "counterparty": "r9F6wk8HkXrgYWoJ7fsv4VrUBVoqDVtzkH",
+    "currency": "USD",
+    "value": "100.0"
+  },
+  {
+    "counterparty": "rwmUaXsWtXU4Z843xSYwgt1is97bgY8yj6",
+    "currency": "BTC",
+    "value": "8700000000000000e-30"
+  }
+  ],
+  "obligations": [
+    {
+      "currency": "BTC",
+      "value": "5908.324927635318"
+    },
+    {
+      "currency": "EUR",
+      "value": "992471.7419793958"
+    },
+    {
+      "currency": "GBP",
+      "value": "4991.38706013193"
+    },
+    {
+      "currency": "USD",
+      "value": "1997134.20229482"
+    }
+  ]
+}
diff --git a/test/fixtures/api/responses/index.js b/test/fixtures/api/responses/index.js
index 5080660ab2..0770fd6fb6 100644
--- a/test/fixtures/api/responses/index.js
+++ b/test/fixtures/api/responses/index.js
@@ -4,6 +4,7 @@ module.exports = {
   generateAddress: require('./generate-address.json'),
   getAccountInfo: require('./get-account-info.json'),
   getBalances: require('./get-balances.json'),
+  getBalanceSheet: require('./get-balance-sheet.json'),
   getOrderbook: require('./get-orderbook.json'),
   getOrders: require('./get-orders.json'),
   getPaths: {
diff --git a/test/fixtures/api/rippled/gateway-balances.json b/test/fixtures/api/rippled/gateway-balances.json
new file mode 100644
index 0000000000..26b5518d59
--- /dev/null
+++ b/test/fixtures/api/rippled/gateway-balances.json
@@ -0,0 +1,52 @@
+{
+  "id": 0,
+  "status": "success",
+  "type": "response",
+  "result": {
+    "account": "r9cZA1mLK5R5Am25ArfXFmqgNwjZgnfk59",
+    "assets": {
+      "r9F6wk8HkXrgYWoJ7fsv4VrUBVoqDVtzkH": [
+        {
+        "currency": "BTC",
+        "value": "5444166510000000e-26"
+      },
+        {
+        "currency": "USD",
+        "value": "100.0"
+      }
+      ],
+      "rwmUaXsWtXU4Z843xSYwgt1is97bgY8yj6": [
+        {
+        "currency": "BTC",
+        "value": "8700000000000000e-30"
+      }
+      ]
+    },
+    "balances": {
+      "rKm4uWpg9tfwbVSeATv4KxDe6mpE9yPkgJ": [
+        {
+        "currency": "EUR",
+        "value": "29826.1965999999"
+      },
+        {
+        "currency": "USD",
+        "value": "10.0"
+      }
+      ],
+      "ra7JkEzrgeKHdzKgo4EUUVBnxggY4z37kt": [
+        {
+        "currency": "USD",
+        "value": "13857.70416"
+      }
+      ]
+    },
+    "obligations": {
+      "BTC": "5908.324927635318",
+      "EUR": "992471.7419793958",
+      "GBP": "4991.38706013193",
+      "USD": "1997134.20229482"
+    },
+    "ledger_current_index": 9592219,
+    "validated": true
+  }
+}
diff --git a/test/fixtures/api/rippled/index.js b/test/fixtures/api/rippled/index.js
index fdac6f4e58..a8ca70e46e 100644
--- a/test/fixtures/api/rippled/index.js
+++ b/test/fixtures/api/rippled/index.js
@@ -16,6 +16,7 @@ module.exports = {
   },
   account_offers: require('./account-offers'),
   account_tx: require('./account-tx'),
+  gateway_balances: require('./gateway-balances'),
   book_offers: require('./book-offers'),
   server_info: require('./server-info'),
   server_info_error: require('./server-info-error'),
diff --git a/test/mock-rippled.js b/test/mock-rippled.js
index 3db74eb6e3..ce5abc0ce9 100644
--- a/test/mock-rippled.js
+++ b/test/mock-rippled.js
@@ -283,5 +283,9 @@ module.exports = function(port) {
     setTimeout(() => conn.send(response), 20);
   });
 
+  mock.on('request_gateway_balances', function(request, conn) {
+    conn.send(createResponse(request, fixtures.gateway_balances));
+  });
+
   return mock;
 };
diff --git a/test/remote-test.js b/test/remote-test.js
index f44c91e286..4307cf5cdb 100644
--- a/test/remote-test.js
+++ b/test/remote-test.js
@@ -1966,6 +1966,22 @@ describe('Remote', function() {
     });
   });
 
+  it('Construct gateway_balances request', function() {
+    const request = remote.requestGatewayBalances({
+      account: 'rGr9PjmVe7MqEXTSbd3njhgJc2s5vpHV54',
+      hotwallet: 'rwxBjBC9fPzyQ9GgPZw6YYLNeRTSx5',
+      strict: true
+    });
+
+    assert.deepEqual(request.message, {
+      command: 'gateway_balances',
+      id: undefined,
+      account: 'rGr9PjmVe7MqEXTSbd3njhgJc2s5vpHV54',
+      hotwallet: 'rwxBjBC9fPzyQ9GgPZw6YYLNeRTSx5',
+      strict: true
+    });
+  });
+
   it('Construct Payment transaction', function() {
     const tx = remote.createTransaction('Payment', {
       account: TX_JSON.Account,