The table below summarizes information about the allowance for loan losses, loans by impairment methodology, the allowance for lending-related commitments and lending-related commitments by impairment methodology.



	2012
Year ended December 31, (in millions)	Consumer, excluding credit card				Credit card				Wholesale			Total
Allowance for loan losses
Beginning balance at January 1,	$	16,294			$	6,999			$	4,316		$	27,609
Cumulative effect of change in accounting principles^(a)	—				—				—			—
Gross charge-offs	4,805			^(c)	5,755				346			10,906
Gross recoveries	(508		)		(811		)		(524		)	(1,843		)
Net charge-offs	4,297			^(c)	4,944				(178		)	9,063
Provision for loan losses	302				3,444				(359		)	3,387
Other	(7		)		2				8			3
Ending balance at December 31,	$	12,292			$	5,501			$	4,143		$	21,936

Allowance for loan losses by impairment methodology
Asset-specific^(b)	$	729			$	1,681		^(d)	$	319		$	2,729
Formula-based	5,852				3,820				3,824			13,496
PCI	5,711				—				—			5,711
Total allowance for loan losses	$	12,292			$	5,501			$	4,143		$	21,936

Loans by impairment methodology
Asset-specific	$	13,938			$	4,762			$	1,475		$	20,175
Formula-based	218,945				123,231				304,728			646,904
PCI	59,737				—				19			59,756
Total retained loans	$	292,620			$	127,993			$	306,222		$	726,835

Impaired collateral-dependent loans
Net charge-offs	$	973		^(c)	$	—			$	77		$	1,050
Loans measured at fair value of collateral less cost to sell	3,272				—				445			3,717

Allowance for lending-related commitments
Beginning balance at January 1,	$	7			$	—			$	666		$	673
Cumulative effect of change in accounting principles^(a)	—				—				—			—
Provision for lending-related commitments	—				—				(2		)	(2		)
Other	—				—				(3		)	(3		)
Ending balance at December 31,	$	7			$	—			$	661		$	668

Allowance for lending-related commitments by impairment methodology
Asset-specific	$	—			$	—			$	97		$	97
Formula-based	7				—				564			571
Total allowance for lending-related commitments	$	7			$	—			$	661		$	668

Lending-related commitments by impairment methodology
Asset-specific	$	—			$	—			$	355		$	355
Formula-based	60,156				533,018				434,459			1,027,633
Total lending-related commitments	$	60,156			$	533,018			$	434,814		$	1,027,988

(a)

Effective January 1, 2010, the Firm adopted accounting guidance related to VIEs. Upon adoption of the guidance, the Firm consolidated its Firm-sponsored credit card securitization trusts, its Firm-administered multi-seller conduits and certain other consumer loan securitization entities, primarily mortgage-related. As a result, $7.4 billion, $14 million and $127 million, respectively, of allowance for loan losses were recorded on-balance sheet with the consolidation of these entities. For further discussion, see Note 16 on pages 280–291 of this Annual Report.


(b)	Includes risk-rated loans that have been placed on nonaccrual status and loans that have been modified in a TDR.


(c)	Consumer, excluding credit card, charge-offs for the year ended December 31, 2012, included $747 million of charge-offs for Chapter 7 residential real estate loans and $53 million of charge-offs for Chapter 7 auto loans.


(d)	The asset-specific credit card allowance for loan losses is related to loans that have been modified in a TDR; such allowance is calculated based on the loans’ original contractual interest rates and does not consider any incremental penalty rates.



(table continued from previous page)
2011													2010
Consumer, excluding credit card			Credit card				Wholesale			Total			Consumer, excluding credit card			Credit card				Wholesale			Total

$	16,471		$	11,034			$	4,761		$	32,266		$	14,785		$	9,672			$	7,145		$	31,602
—			—				—			—			127			7,353				14			7,494
5,419			8,168				916			14,503			8,383			15,410				1,989			25,782
(547		)	(1,243		)		(476		)	(2,266		)	(474		)	(1,373		)		(262		)	(2,109		)
4,872			6,925				440			12,237			7,909			14,037				1,727			23,673
4,670			2,925				17			7,612			9,458			8,037				(673		)	16,822
25			(35		)		(22		)	(32		)	10			9				2			21
$	16,294		$	6,999			$	4,316		$	27,609		$	16,471		$	11,034			$	4,761		$	32,266


$	828		$	2,727		^(d)	$	516		$	4,071		$	1,075		$	4,069		^(d)	$	1,574		$	6,718
9,755			4,272				3,800			17,827			10,455			6,965				3,187			20,607
5,711			—				—			5,711			4,941			—				—			4,941
$	16,294		$	6,999			$	4,316		$	27,609		$	16,471		$	11,034			$	4,761		$	32,266


$	9,892		$	7,214			$	2,549		$	19,655		$	6,220		$	10,005			$	5,486		$	21,711
232,989			124,961				275,825			633,775			248,481			125,519				216,980			590,980
65,546			—				21			65,567			72,763			—				44			72,807
$	308,427		$	132,175			$	278,395		$	718,997		$	327,464		$	135,524			$	222,510		$	685,498


$	110		$	—			$	128		$	238		$	304		$	—			$	636		$	940
830			—				833			1,663			890			—				1,269			2,159


$	6		$	—			$	711		$	717		$	12		$	—			$	927		$	939
—			—				—			—			—			—				(18		)	(18		)
2			—				(40		)	(38		)	(6		)	—				(177		)	(183		)
(1		)	—				(5		)	(6		)	—			—				(21		)	(21		)
$	7		$	—			$	666		$	673		$	6		$	—			$	711		$	717


$	—		$	—			$	150		$	150		$	—		$	—			$	180		$	180
7			—				516			523			6			—				531			537
$	7		$	—			$	666		$	673		$	6		$	—			$	711		$	717


$	—		$	—			$	865		$	865		$	—		$	—			$	1,005		$	1,005
62,307			530,616				381,874			974,797			65,403			547,227				345,074			957,704
$	62,307		$	530,616			$	382,739		$	975,662		$	65,403		$	547,227			$	346,079		$	958,709