diff --git a/app/scripts/background.js b/app/scripts/background.js
index 02497d487..db2d9e8bb 100644
--- a/app/scripts/background.js
+++ b/app/scripts/background.js
@@ -133,7 +133,6 @@ setupMetamaskMeshMetrics()
  * @property {number} unapprovedTypedMsgCount - The number of messages in unapprovedTypedMsgs.
  * @property {string[]} keyringTypes - An array of unique keyring identifying strings, representing available strategies for creating accounts.
  * @property {Keyring[]} keyrings - An array of keyring descriptions, summarizing the accounts that are available for use, and what keyrings they belong to.
- * @property {Object} computedBalances - Maps accounts to their balances, accounting for balance changes from pending transactions.
  * @property {string} currentAccountTab - A view identifying string for displaying the current displayed view, allows user to have a preferred tab in the old UI (between tokens and history).
  * @property {string} selectedAddress - A lower case hex string of the currently selected address.
  * @property {string} currentCurrency - A string identifying the user's preferred display currency, for use in showing conversion rates.
diff --git a/app/scripts/controllers/computed-balances.js b/app/scripts/controllers/computed-balances.js
deleted file mode 100644
index caa061df4..000000000
--- a/app/scripts/controllers/computed-balances.js
+++ /dev/null
@@ -1,120 +0,0 @@
-const ObservableStore = require('obs-store')
-const extend = require('xtend')
-const BalanceController = require('./balance')
-
-/**
- * @typedef {Object} ComputedBalancesOptions
- * @property {Object} accountTracker Account tracker store reference
- * @property {Object} txController Token controller reference
- * @property {Object} blockTracker Block tracker reference
- * @property {Object} initState Initial state to populate this internal store with
- */
-
-/**
- * Background controller responsible for syncing
- * and computing ETH balances for all accounts
- */
-class ComputedbalancesController {
-  /**
-   * Creates a new controller instance
-   *
-   * @param {ComputedBalancesOptions} [opts] Controller configuration parameters
-   */
-  constructor (opts = {}) {
-    const { accountTracker, txController, blockTracker } = opts
-    this.accountTracker = accountTracker
-    this.txController = txController
-    this.blockTracker = blockTracker
-
-    const initState = extend({
-      computedBalances: {},
-    }, opts.initState)
-    this.store = new ObservableStore(initState)
-    this.balances = {}
-
-    this._initBalanceUpdating()
-  }
-
-  /**
-   * Updates balances associated with each internal address
-   */
-  updateAllBalances () {
-    Object.keys(this.balances).forEach((balance) => {
-      const address = balance.address
-      this.balances[address].updateBalance()
-    })
-  }
-
-  /**
-   * Initializes internal address tracking
-   *
-   * @private
-   */
-  _initBalanceUpdating () {
-    const store = this.accountTracker.store.getState()
-    this.syncAllAccountsFromStore(store)
-    this.accountTracker.store.subscribe(this.syncAllAccountsFromStore.bind(this))
-  }
-
-  /**
-   * Uses current account state to sync and track all
-   * addresses associated with the current account
-   *
-   * @param {{ accounts: Object }} store Account tracking state
-   */
-  syncAllAccountsFromStore (store) {
-    const upstream = Object.keys(store.accounts)
-    const balances = Object.keys(this.balances)
-      .map(address => this.balances[address])
-
-    // Follow new addresses
-    for (const address in balances) {
-      this.trackAddressIfNotAlready(address)
-    }
-
-    // Unfollow old ones
-    balances.forEach(({ address }) => {
-      if (!upstream.includes(address)) {
-        delete this.balances[address]
-      }
-    })
-  }
-
-  /**
-   * Conditionally establishes a new subscription
-   * to track an address associated with the current
-   * account
-   *
-   * @param {string} address Address to conditionally subscribe to
-   */
-  trackAddressIfNotAlready (address) {
-    const state = this.store.getState()
-    if (!(address in state.computedBalances)) {
-      this.trackAddress(address)
-    }
-  }
-
-  /**
-   * Establishes a new subscription to track an
-   * address associated with the current account
-   *
-   * @param {string} address Address to conditionally subscribe to
-   */
-  trackAddress (address) {
-    const updater = new BalanceController({
-      address,
-      accountTracker: this.accountTracker,
-      txController: this.txController,
-      blockTracker: this.blockTracker,
-    })
-    updater.store.subscribe((accountBalance) => {
-      const newState = this.store.getState()
-      newState.computedBalances[address] = accountBalance
-      this.store.updateState(newState)
-    })
-    this.balances[address] = updater
-    updater.updateBalance()
-  }
-}
-
-module.exports = ComputedbalancesController
diff --git a/app/scripts/metamask-controller.js b/app/scripts/metamask-controller.js
index 1bf34a074..b9b44ea80 100644
--- a/app/scripts/metamask-controller.js
+++ b/app/scripts/metamask-controller.js
@@ -35,7 +35,6 @@ const MessageManager = require('./lib/message-manager')
 const PersonalMessageManager = require('./lib/personal-message-manager')
 const TypedMessageManager = require('./lib/typed-message-manager')
 const TransactionController = require('./controllers/transactions')
-const BalancesController = require('./controllers/computed-balances')
 const TokenRatesController = require('./controllers/token-rates')
 const DetectTokensController = require('./controllers/detect-tokens')
 const ProviderApprovalController = require('./controllers/provider-approval')
@@ -235,17 +234,9 @@ module.exports = class MetamaskController extends EventEmitter {
       }
     })
 
-    // computed balances (accounting for pending transactions)
-    this.balancesController = new BalancesController({
-      accountTracker: this.accountTracker,
-      txController: this.txController,
-      blockTracker: this.blockTracker,
-    })
     this.networkController.on('networkDidChange', () => {
-      this.balancesController.updateAllBalances()
       this.setCurrentCurrency(this.currencyRateController.state.currentCurrency, function () {})
     })
-    this.balancesController.updateAllBalances()
 
     this.shapeshiftController = new ShapeShiftController(undefined, initState.ShapeShiftController)
 
@@ -288,7 +279,6 @@ module.exports = class MetamaskController extends EventEmitter {
       NetworkController: this.networkController.store,
       AccountTracker: this.accountTracker.store,
       TxController: this.txController.memStore,
-      BalancesController: this.balancesController.store,
       CachedBalancesController: this.cachedBalancesController.store,
       TokenRatesController: this.tokenRatesController.store,
       MessageManager: this.messageManager.memStore,
@@ -724,7 +714,6 @@ module.exports = class MetamaskController extends EventEmitter {
     }
 
     await this.preferencesController.syncAddresses(accounts)
-    await this.balancesController.updateAllBalances()
     await this.txController.pendingTxTracker.updatePendingTxs()
     return this.keyringController.fullUpdate()
   }
diff --git a/development/states/first-time.json b/development/states/first-time.json
index c6c4899d8..4a77bfbe5 100644
--- a/development/states/first-time.json
+++ b/development/states/first-time.json
@@ -4,7 +4,6 @@
     "isUnlocked": false,
     "rpcTarget": "https://rawtestrpc.metamask.io/",
     "identities": {},
-    "computedBalances": {},
     "frequentRpcList": [],
     "unapprovedTxs": {},
     "featureFlags": {"betaUI": false},
@@ -60,7 +59,6 @@
     }
   },
   "identities": {},
-  "computedBalances": {},
   "confirmTransaction": {
     "txData": {},
     "tokenData": {},
diff --git a/development/states/navigate-txs.json b/development/states/navigate-txs.json
index 4e47f8bca..39d24c1ea 100644
--- a/development/states/navigate-txs.json
+++ b/development/states/navigate-txs.json
@@ -170,7 +170,6 @@
     },
     "currentBlockGasLimit": "0x731e25",
     "selectedAddressTxList": [],
-    "computedBalances": {},
     "unapprovedMsgs": {},
     "unapprovedMsgCount": 0,
     "unapprovedPersonalMsgs": {},
diff --git a/development/states/pending-tx.json b/development/states/pending-tx.json
index 82406a59d..f97bf3d43 100644
--- a/development/states/pending-tx.json
+++ b/development/states/pending-tx.json
@@ -687,7 +687,6 @@
         ]
       }
     ],
-    "computedBalances": {},
     "currentAccountTab": "history",
     "tokens": [
       {
diff --git a/test/data/2-state.json b/test/data/2-state.json
index fe1d15cc1..9d6dc9af5 100644
--- a/test/data/2-state.json
+++ b/test/data/2-state.json
@@ -14,7 +14,6 @@
   "currentBlockGasLimit": "",
   "unapprovedTxs": {},
   "selectedAddressTxList": [],
-  "computedBalances": {},
   "unapprovedMsgs": {},
   "unapprovedMsgCount": 0,
   "unapprovedPersonalMsgs": {},
diff --git a/ui/app/pages/confirm-transaction/conf-tx.js b/ui/app/pages/confirm-transaction/conf-tx.js
index d66cb699d..4f3868bc8 100644
--- a/ui/app/pages/confirm-transaction/conf-tx.js
+++ b/ui/app/pages/confirm-transaction/conf-tx.js
@@ -38,7 +38,6 @@ function mapStateToProps (state) {
     provider: state.metamask.provider,
     currentCurrency: state.metamask.currentCurrency,
     blockGasLimit: state.metamask.currentBlockGasLimit,
-    computedBalances: state.metamask.computedBalances,
     unapprovedMsgCount,
     unapprovedPersonalMsgCount,
     unapprovedTypedMessagesCount,