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Loans (Tables)
 3 Months Ended
Mar. 31, 2013
Loans and Leases Receivable Disclosure [Line Items]  
Loan Portfolio Segment Descriptions [Table Text Block]
Loan portfolio
The Firm’s loan portfolio is divided into three portfolio segments, which are the same segments used by the Firm to determine the allowance for loan losses: Consumer, excluding credit card; Credit card; and Wholesale. Within each portfolio segment, the Firm monitors and assesses the credit risk in the following classes of loans, based on the risk characteristics of each loan class:
Consumer, excluding
credit card(a)
 
Credit card
 
Wholesale(c)
Residential real estate – excluding PCI
• Home equity – senior lien
• Home equity – junior lien
• Prime mortgage, including
   option ARMs
• Subprime mortgage
Other consumer loans
• Auto(b)
• Business banking(b)
• Student and other
Residential real estate – PCI
• Home equity
• Prime mortgage
• Subprime mortgage
• Option ARMs
 
• Credit card loans
 
• Commercial and industrial
• Real estate
• Financial institutions
• Government agencies
• Other
(a)
Includes loans reported in CCB and residential real estate loans reported in the AM and Corporate/Private Equity business segments.
(b)
Includes certain business banking and auto dealer risk-rated loans that apply the wholesale methodology for determining the allowance for loan losses; these loans are managed by CCB, and therefore, for consistency in presentation, are included with the other consumer loan classes.
(c)
Includes loans reported in CIB, CB and AM business segments and in Corporate/Private Equity.
Schedule of Loans by Portfolio Segment and Class [Table Text Block]
The following tables summarize the Firm’s loan balances by portfolio segment.
March 31, 2013
Consumer, excluding credit card
Credit card(a)
Wholesale
Total
 
(in millions)
 
Retained
$
290,082

$
121,865

$
310,582

$
722,529

(b) 
Held-for-sale
—

—

4,196

4,196

 
At fair value
—

—

2,161

2,161

 
Total
$
290,082

$
121,865

$
316,939

$
728,886

 
 
 
 
 
 
 
December 31, 2012
Consumer, excluding credit card
Credit card(a)
Wholesale
Total
 
(in millions)
 
Retained
$
292,620

$
127,993

$
306,222

$
726,835

(b) 
Held-for-sale
—

—

4,406

4,406

 
At fair value
—

—

2,555

2,555

 
Total
$
292,620

$
127,993

$
313,183

$
733,796

 
(a)
Includes billed finance charges and fees net of an allowance for uncollectible amounts.
(b)
Loans (other than PCI loans and those for which the fair value option has been elected) are presented net of unearned income, unamortized discounts and premiums, and net deferred loan costs of $2.4 billion and $2.5 billion at March 31, 2013 and December 31, 2012, respectively.
Schedule Of Retained Loans Purchases Sales And Transfer Into Held For Sale By Portfolio Segment [Table Text Block]
The following table provides information about the carrying value of retained loans purchased, sold and reclassified to held-for-sale during the periods indicated. These tables exclude loans recorded at fair value. On an ongoing basis, the Firm manages its exposure to credit risk. Selling loans is one way that the Firm reduces its credit exposures.
 
 
2013
 
2012
Three months ended
March 31,
(in millions)
 
Consumer, excluding credit card
Credit card
Wholesale
Total
 
 
Consumer, excluding credit card
Credit card
Wholesale
Total
 
Purchases
 
$
2,625

$
—

$
95

$
2,720

 
 
$
1,759

$
—

$
321

$
2,080

 
Sales
 
1,429

—

1,153

2,582

 
 
357

—

863

1,220

 
Retained loans reclassified to held-for-sale
 
—

—

344

344

 
 
—

923

62

985

 
Schedule Of Net Gains Losses On Loan Sales By Portfolio Segment [Table Text Block]
The following table provides information about gains/(losses) on loan sales by portfolio segment.
 
Three months ended
March 31,
(in millions)
2013
2012
Net gains/(losses) on sales of loans (including lower of cost or fair value adjustments)(a)
 
 
Consumer, excluding credit card
$
144

$
32

Credit card
—

(18
)
Wholesale
7

32

Total net gains/(losses) on sales of loans (including lower of cost or fair value adjustments)
$
151

$
46

(a)
Excludes sales related to loans accounted for at fair value.
Consumer
  
Loans and Leases Receivable Disclosure [Line Items]  
Schedule of Loans by Portfolio Segment and Class [Table Text Block]
The table below provides information about retained consumer loans, excluding credit card, by class.
(in millions)
Mar 31,
2013
Dec 31,
2012
Residential real estate – excluding PCI
 
 
Home equity:
 
 
Senior lien
$
18,743

$
19,385

Junior lien
46,055

48,000

Mortgages:
 
 
Prime, including option ARMs
77,626

76,256

Subprime
8,003

8,255

Other consumer loans
 
 
Auto
50,552

49,913

Business banking
18,739

18,883

Student and other
11,927

12,191

Residential real estate – PCI
 
 
Home equity
20,525

20,971

Prime mortgage
13,366

13,674

Subprime mortgage
4,561

4,626

Option ARMs
19,985

20,466

Total retained loans
$
290,082

$
292,620
Consumer | Residential Real Estate, Excluding Purchased Credit-Impaired [Member]
  
Loans and Leases Receivable Disclosure [Line Items]  
Financing Receivable Credit Quality Indicators [Table Text Block]
Residential real estate – excluding PCI loans
 
 
Home equity
 
(in millions, except ratios)
Senior lien
 
 
Junior lien
 
Mar 31,
2013
 
 
Dec 31,
2012
 
 
Mar 31,
2013
 
 
Dec 31,
2012
 
Loan delinquency(a)
 
 
 
 
 
 
 
 
 
 
 
Current
$
18,096

 
 
$
18,688

 
 
$
45,019

 
 
$
46,805

 
30–149 days past due
289

 
 
330

 
 
788

 
 
960

 
150 or more days past due
358

 
 
367

 
 
248

 
 
235

 
Total retained loans
$
18,743

 
 
$
19,385

 
 
$
46,055

 
 
$
48,000

 
% of 30+ days past due to total retained loans
3.45
%
 
 
3.60
%
 
 
2.25
%
 
 
2.49
%
 
90 or more days past due and still accruing
$
—

 
 
$
—

 
 
$
—

 
 
$
—

 
90 or more days past due and government guaranteed(b)
—

 
 
—

 
 
—

 
 
—

 
Nonaccrual loans
943

 
 
931

 
 
2,161

 
 
2,277

 
Current estimated LTV ratios(c)(d)(e)
 
 
 
 
 
 
 
 
 
 
 
Greater than 125% and refreshed FICO scores:
 
 
 
 
 
 
 
 
 
 
 
Equal to or greater than 660
$
134

 
 
$
197

 
 
$
3,523

 
 
$
4,561

 
Less than 660
67

 
 
93

 
 
1,086

 
 
1,338

 
101% to 125% and refreshed FICO scores:
 
 
 
 
 
 
 
 
 
 
 
Equal to or greater than 660
416

 
 
491

 
 
6,684

 
 
7,089

 
Less than 660
172

 
 
191

 
 
1,918

 
 
1,971

 
80% to 100% and refreshed FICO scores:
 
 
 
 
 
 
 
 
 
 
 
Equal to or greater than 660
1,348

 
 
1,502

 
 
9,233

 
 
9,604

 
Less than 660
446

 
 
485

 
 
2,291

 
 
2,279

 
Less than 80% and refreshed FICO scores:
 
 
 
 
 
 
 
 
 
 
 
Equal to or greater than 660
13,725

 
 
13,988

 
 
18,321

 
 
18,252

 
Less than 660
2,435

 
 
2,438

 
 
2,999

 
 
2,906

 
U.S. government-guaranteed
—

 
 
—

 
 
—

 
 
—

 
Total retained loans
$
18,743

 
 
$
19,385

 
 
$
46,055

 
 
$
48,000

 
Geographic region
 
 
 
 
 
 
 
 
 
 
 
California
$
2,695

 
 
$
2,786

 
 
$
10,513

 
 
$
10,969

 
New York
2,780

 
 
2,847

 
 
9,407

 
 
9,753

 
Illinois
1,322

 
 
1,358

 
 
3,145

 
 
3,265

 
Florida
871

 
 
892

 
 
2,475

 
 
2,572

 
Texas
2,386

 
 
2,508

 
 
1,423

 
 
1,503

 
New Jersey
640

 
 
652

 
 
2,736

 
 
2,838

 
Arizona
1,141

 
 
1,183

 
 
2,061

 
 
2,151

 
Washington
627

 
 
651

 
 
1,564

 
 
1,629

 
Ohio
1,458

 
 
1,514

 
 
1,037

 
 
1,091

 
Michigan
880

 
 
910

 
 
1,117

 
 
1,169

 
All other(f)
3,943

 
 
4,084

 
 
10,577

 
 
11,060

 
Total retained loans
$
18,743

 
 
$
19,385

 
 
$
46,055

 
 
$
48,000

 
(a)
Individual delinquency classifications included mortgage loans insured by U.S. government agencies as follows: current included $3.6 billion and $3.8 billion; 30–149 days past due included $2.1 billion and $2.3 billion; and 150 or more days past due included $9.8 billion and $9.5 billion at March 31, 2013, and December 31, 2012, respectively.
(b)
These balances, which are 90 days or more past due but insured by U.S. government agencies, are excluded from nonaccrual loans. In predominately all cases, 100% of the principal balance of the loans is insured and interest is guaranteed at a specified reimbursement rate subject to meeting agreed-upon servicing guidelines. These amounts are excluded from nonaccrual loans because reimbursement of insured and guaranteed amounts is proceeding normally. At March 31, 2013, and December 31, 2012, these balances included $6.9 billion and $6.8 billion, respectively, of loans that are no longer accruing interest because interest has been curtailed by the U.S. government agencies although, in predominantly all cases, 100% of the principal is still insured. For the remaining balance, interest is being accrued at the guaranteed reimbursement rate.
(c)
Represents the aggregate unpaid principal balance of loans divided by the estimated current property value. Current property values are estimated, at a minimum, quarterly, based on home valuation models using nationally recognized home price index valuation estimates incorporating actual data to the extent available and forecasted data where actual data is not available. These property values do not represent actual appraised loan level collateral values; as such, the resulting ratios are necessarily imprecise and should be viewed as estimates.
(d)
Junior lien represents combined LTV, which considers all available lien positions related to the property. All other products are presented without consideration of subordinate liens on the property.
(e)
Refreshed FICO scores represent each borrower’s most recent credit score, which is obtained by the Firm on at least a quarterly basis.
(f)
At March 31, 2013, and December 31, 2012, included mortgage loans insured by U.S. government agencies of $15.5 billion and $15.6 billion, respectively.
(g)
At March 31, 2013, and December 31, 2012, excluded mortgage loans insured by U.S. government agencies of $11.9 billion and $11.8 billion, respectively. These amounts were excluded as reimbursement of insured amounts is proceeding normally.
(table continued from previous page)
Mortgages
 
 
 
 
 
Prime, including option ARMs
 
 
Subprime
 
 
Total residential real estate – excluding PCI
 
 
Mar 31,
2013
 
 
Dec 31,
2012
 
 
Mar 31,
2013
 
 
Dec 31,
2012
 
 
Mar 31,
2013
 
 
Dec 31,
2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
62,906

 
 
$
61,439

 
 
$
6,571

 
 
$
6,673

 
 
$
132,592

 
 
$
133,605

 
 
2,991

 
 
3,237

 
 
631

 
 
727

 
 
4,699

 
 
5,254

 
 
11,729

 
 
11,580

 
 
801

 
 
855

 
 
13,136

 
 
13,037

 
 
$
77,626

 
 
$
76,256

 
 
$
8,003

 
 
$
8,255

 
 
$
150,427

 
 
$
151,896

 
 
3.59
%
(g) 
 
3.97
%
(g) 
 
17.89
%
 
 
19.16
%
 
 
3.92
%
(g) 
 
4.28
%
(g) 
 
$
—

 
 
$
—

 
 
$
—

 
 
$
—

 
 
$
—

 
 
$
—

 
 
10,871

 
 
10,625

 
 
—

 
 
—

 
 
10,871

 
 
10,625

 
 
3,479

 
 
3,445

 
 
1,792

 
 
1,807

 
 
8,375

 
 
8,460

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
2,164

 
 
$
2,573

 
 
$
175

 
 
$
236

 
 
$
5,996

 
 
$
7,567

 
 
813

 
 
991

 
 
529

 
 
653

 
 
2,495

 
 
3,075

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3,214

 
 
3,697

 
 
429

 
 
457

 
 
10,743

 
 
11,734

 
 
1,280

 
 
1,376

 
 
941

 
 
985

 
 
4,311

 
 
4,523

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
6,530

 
 
7,070

 
 
708

 
 
726

 
 
17,819

 
 
18,902

 
 
2,058

 
 
2,117

 
 
1,322

 
 
1,346

 
 
6,117

 
 
6,227

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
41,286

 
 
38,281

 
 
1,794

 
 
1,793

 
 
75,126

 
 
72,314

 
 
4,758

 
 
4,549

 
 
2,105

 
 
2,059

 
 
12,297

 
 
11,952

 
 
15,523

 
 
15,602

 
 
—

 
 
—

 
 
15,523

 
 
15,602

 
 
$
77,626

 
 
$
76,256

 
 
$
8,003

 
 
$
8,255

 
 
$
150,427

 
 
$
151,896

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
18,046

 
 
$
17,539

 
 
$
1,202

 
 
$
1,240

 
 
$
32,456

 
 
$
32,534

 
 
11,638

 
 
11,190

 
 
1,054

 
 
1,081

 
 
24,879

 
 
24,871

 
 
4,221

 
 
3,999

 
 
312

 
 
323

 
 
9,000

 
 
8,945

 
 
4,398

 
 
4,372

 
 
1,002

 
 
1,031

 
 
8,746

 
 
8,867

 
 
2,979

 
 
2,927

 
 
250

 
 
257

 
 
7,038

 
 
7,195

 
 
2,204

 
 
2,131

 
 
393

 
 
399

 
 
5,973

 
 
6,020

 
 
1,167

 
 
1,162

 
 
161

 
 
165

 
 
4,530

 
 
4,661

 
 
1,730

 
 
1,741

 
 
171

 
 
177

 
 
4,092

 
 
4,198

 
 
403

 
 
405

 
 
184

 
 
191

 
 
3,082

 
 
3,201

 
 
873

 
 
866

 
 
197

 
 
203

 
 
3,067

 
 
3,148

 
 
29,967

 
 
29,924

 
 
3,077

 
 
3,188

 
 
47,564

 
 
48,256

 
 
$
77,626

 
 
$
76,256

 
 
$
8,003

 
 
$
8,255

 
 
$
150,427

 
 
$
151,896

 
 
Impaired Financing Receivables [Table Text Block]
The table below sets forth information about the Firm’s residential real estate impaired loans, excluding PCI loans. These loans are considered to be impaired as they have been modified in a TDR. All impaired loans are evaluated for an asset-specific allowance as described in Note 14 on page 150 of this Form 10-Q.
 
Home equity
 
Mortgages
 
Total residential
 real estate
– excluding PCI

(in millions)
Senior lien
 
Junior lien
 
Prime, including
option ARMs
 
Subprime
 
Mar 31,
2013
Dec 31,
2012
 
Mar 31,
2013
Dec 31,
2012
 
Mar 31,
2013
Dec 31,
2012
 
Mar 31,
2013
Dec 31,
2012
 
Mar 31,
2013
Dec 31,
2012
Impaired loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance
$
570

$
542

 
$
688

$
677

 
$
6,081

$
5,810

 
$
3,129

$
3,071

 
$
10,468

$
10,100

Without an allowance(a)
585

550

 
598

546

 
1,142

1,308

 
714

741

 
3,039

3,145

Total impaired loans(b)
$
1,155

$
1,092

 
$
1,286

$
1,223

 
$
7,223

$
7,118

 
$
3,843

$
3,812

 
$
13,507

$
13,245

Allowance for loan losses related to impaired loans
$
129

$
159

 
$
198

$
188

 
$
192

$
70

 
$
125

$
174

 
$
644

$
591

Unpaid principal balance of impaired loans(c)
1,517

1,408

 
2,519

2,352

 
9,275

9,095

 
5,774

5,700

 
19,085

18,555

Impaired loans on nonaccrual status(d)
659

607

 
670

599

 
2,045

1,888

 
1,361

1,308

 
4,735

4,402

(a)
Represents collateral-dependent residential mortgage loans that are charged off to the fair value of the underlying collateral less cost to sell.
(b)
At March 31, 2013, and December 31, 2012, $7.2 billion and $7.5 billion, respectively, of loans permanently modified subsequent to repurchase from Government National Mortgage Association (“Ginnie Mae”) in accordance with the standards of the appropriate government agency (i.e., Federal Housing Administration (“FHA”), U.S. Department of Veterans Affairs (“VA”), Rural Housing Services (“RHS”)) are not included in the table above. When such loans perform subsequent to modification in accordance with Ginnie Mae guidelines, they are generally sold back into Ginnie Mae loan pools. Modified loans that do not re-perform become subject to foreclosure.
(c)
Represents the contractual amount of principal owed at March 31, 2013, and December 31, 2012. The unpaid principal balance differs from the impaired loan balances due to various factors, including charge-offs, net deferred loan fees or costs; and unamortized discounts or premiums on purchased loans.
(d)
As of March 31, 2013 and December 31, 2012, nonaccrual loans included $3.2 billion and $2.9 billion, respectively, of TDRs for which the borrowers were less than 90 days past due. For additional information about loans modified in a TDR that are on nonaccrual status refer to the Loan accounting framework in Note 14 on pages 250–253 of JPMorgan Chase’s 2012 Annual Report.
Impaired Financing Receivables, Average Recorded Investment [Table Text Block]
The following table presents average impaired loans and the related interest income reported by the Firm.
Three months ended March 31,
Average impaired loans
 
Interest income on
impaired loans(a)
 
Interest income on impaired
loans on a cash basis(a)
(in millions)
2013
2012
 
2013
2012
 
2013
2012
Home equity
 
 
 
 
 
 
 
 
Senior lien
$
1,139

$
336

 
$
15

$
3

 
$
10

$
1

Junior lien
1,272

686

 
20

6

 
13

1

Mortgages
 
 
 
 
 
 
 
 
Prime, including option ARMs
7,187

4,949

 
69

49

 
14

5

Subprime
3,827

3,216

 
50

42

 
15

4

Total residential real estate – excluding PCI
$
13,425

$
9,187

 
$
154

$
100

 
$
52

$
11

(a)
Generally, interest income on loans modified in TDRs is recognized on a cash basis until such time as the borrower has made a minimum of six payments under the new terms.
Troubled Debt Restructurings on Financing Receivables, Roll Forward [Table Text Block]
The following table reconciles the beginning and ending balances of residential real estate loans, excluding PCI loans, modified in TDRs for the periods presented.
Three months ended
March 31,
(in millions)
Home equity
 
Mortgages
 
Total residential
real estate – excluding PCI
Senior lien
 
Junior lien
 
Prime, including option ARMs
 
Subprime
 
2013
2012
 
2013
2012
 
2013
2012
 
2013
2012
 
2013
2012
Beginning balance of TDRs
$
1,092

$
335

 
$
1,223

$
657

 
$
7,118

$
4,877

 
$
3,812

$
3,219

 
$
13,245

$
9,088

New TDRs
101

12

 
135

96

 
310

281

 
128

122

 
674

511

Charge-offs post-modification(a)
(10
)
(5
)
 
(33
)
(17
)
 
(19
)
(34
)
 
(38
)
(51
)
 
(100
)
(107
)
Foreclosures and other liquidations (e.g., short sales)
(4
)
—

 
(4
)
(3
)
 
(35
)
(29
)
 
(19
)
(37
)
 
(62
)
(69
)
Principal payments and other
(24
)
(4
)
 
(35
)
(27
)
 
(151
)
(77
)
 
(40
)
(27
)
 
(250
)
(135
)
Ending balance of TDRs(b)
$
1,155

$
338

 
$
1,286

$
706

 
$
7,223

$
5,018

 
$
3,843

$
3,226

 
$
13,507

$
9,288

Permanent modifications(b)
$
1,116

$
296

 
$
1,281

$
695

 
$
6,958

$
4,768

 
$
3,686

$
3,067

 
$
13,041

$
8,826

Trial modifications
$
39

$
42

 
$
5

$
11

 
$
265

$
250

 
$
157

$
159

 
$
466

$
462

(a)
Includes charge-offs on unsuccessful trial modifications.
(b)
At March 31, 2013, included $1.7 billion of Chapter 7 loans consisting of $482 million of senior lien home equity loans, $501 million of junior lien home equity loans, $441 million of prime, including option ARMs, and $236 million of subprime mortgages. Certain of these individual loans were previously reported as nonaccrual loans (e.g., based upon the delinquency status of the loan).
Troubled Debt Restructurings on Financing Receivables, Nature and Extent of Modifications [Table Text Block]
The following table provides information about how residential real estate loans, excluding PCI loans, were modified under the Firm’s loss mitigation programs during the periods presented. This table excludes Chapter 7 loans where the sole concession granted is the discharge of debt. At March 31, 2013, there were approximately 39,400 of such Chapter 7 loans, consisting of approximately 9,600 senior lien home equity loans, 22,500 junior lien home equity loans, 3,600 prime mortgage, including option ARMs, and 3,700 subprime mortgages.
Three months ended
March 31,
Home equity
 
Mortgages
 
Total residential
real estate -
excluding PCI
Senior lien
 
Junior lien
 
Prime, including option ARMs
 
Subprime
 
2013
2012
 
2013
2012
 
2013
2012
 
2013
2012
 
2013
2012
Number of loans approved for a trial modification(a)
500

371

 
196

248

 
976

972

 
1,489

1,192

 
3,161

2,783

Number of loans permanently modified
545

230

 
1,316

1,816

 
1,476

950

 
1,689

1,190

 
5,026

4,186

Concession granted:(a)(b)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate reduction
73
%
67
%
 
90
%
95
%
 
75
%
76
%
 
69
%
84
%
 
77
%
86
%
Term or payment extension
73

96

 
78

67

 
69

76

 
50

57

 
65

68

Principal and/or interest deferred
10

11

 
23

20

 
27

38

 
11

13

 
19

22

Principal forgiveness
39

27

 
40

8

 
41

20

 
56

30

 
46

18

Other(c)
—

—

 
—

—

 
24

4

 
16

3

 
12

2

(a)
Prior period amounts have been revised to conform with the current presentation.
(b)
Represents concessions granted in permanent modifications as a percentage of the number of loans permanently modified. The sum of the percentages exceeds 100% because predominantly all of the modifications include more than one type of concession. A significant portion of trial modifications include interest rate reductions and/or term or payment extensions.
(c)
Represents variable interest rate to fixed interest rate modifications.
Troubled Debt Restructurings on Financing Receivables, Financial Effects of Modifications and Redefaults [Table Text Block]
The following table provides information about the financial effects of the various concessions granted in modifications of residential real estate loans, excluding PCI, under the Firm’s loss mitigation programs and about redefaults of certain loans modified in TDRs for the periods presented. Because the specific types and amounts of concessions offered to borrowers frequently change between the trial modification and the permanent modification, the following table presents only the financial effects of permanent modifications. This table also excludes Chapter 7 loans where the sole concession granted is the discharge of debt.
Three months ended March 31,
(in millions, except weighted-average
data and number of loans)
Home equity
 
Mortgages
 
Total residential real estate – excluding PCI
Senior lien
 
Junior lien
 
Prime, including option ARMs
 
Subprime
 
2013
2012
 
2013
2012
 
2013
2012
 
2013
2012
 
2013
2012
Weighted-average interest rate of loans with interest rate reductions – before TDR
6.37
%
7.01
%
 
5.19
%
5.68
%
 
5.64
%
5.90
%
 
7.69
%
8.28
%
 
6.20
%
6.60
%
Weighted-average interest rate of loans with interest rate reductions – after TDR
3.51

3.21

 
2.16

1.71

 
2.87

2.59

 
3.58

3.83

 
3.03

2.81

Weighted-average remaining contractual term (in years) of loans with term or payment extensions – before TDR
19

20

 
19

22

 
24

27

 
23

26

 
23

25

Weighted-average remaining contractual term (in years) of loans with term or payment extensions – after TDR
31

27

 
33

33

 
36

36

 
34

32

 
35

34

Charge-offs recognized upon permanent modification
$
2

$
1

 
$
19

$
6

 
$
5

$
14

 
$
3

$
5

 
$
29

$
26

Principal deferred
2

1

 
7

6

 
35

35

 
10

10

 
54

52

Principal forgiven
10

2

 
16

4

 
73

20

 
84

31

 
183

57

Number of loans that redefaulted within one year of permanent modification(a)
147

68

 
380

411

 
234

248

 
368

374

 
1,129

1,101

Balance of loans that redefaulted within one year of permanent modification(a)
$
11

$
5

 
$
7

$
16

 
$
54

$
67

 
$
37

$
41

 
$
109

$
129

(a)
Represents loans permanently modified in TDRs that experienced a payment default in the period presented, and for which the payment default occurred within one year of the modification. The dollar amounts presented represent the balance of such loans at the end of the reporting period in which such loans defaulted. For residential real estate loans modified in TDRs, payment default is deemed to occur when the loan becomes two contractual payments past due. In the event that a modified loan redefaults, it is probable that the loan will ultimately be liquidated through foreclosure or another similar type of liquidation transaction. Redefaults of loans modified within the last 12 months may not be representative of ultimate redefault levels.
Consumer | Home Equity - Junior Lien
  
Loans and Leases Receivable Disclosure [Line Items]  
Financing Receivable Credit Quality Indicators [Table Text Block]
The following tables represent the Firm’s delinquency statistics for junior lien home equity loans and lines as of March 31, 2013, and December 31, 2012.
 
 
Delinquencies
 
 
 
Total 30+ day delinquency rate
March 31, 2013
 
30–89 days past due
 
90–149 days past due
 
150+ days
past due
 
Total loans
 
(in millions, except ratios)
 
 
 
 
 
HELOCs:(a)
 
 
 
 
 
 
 
 
 
 
Within the revolving period(b)
 
$
412

 
$
156

 
$
190

 
$
37,967

 
2.00
%
Beyond the revolving period
 
52

 
19

 
36

 
3,311

 
3.23

HELOANs
 
103

 
46

 
22

 
4,777

 
3.58

Total
 
$
567

 
$
221

 
$
248

 
$
46,055

 
2.25
%
 
 
Delinquencies
 
 
 
Total 30+ day delinquency rate
December 31, 2012
 
30–89 days past due
 
90–149 days past due
 
150+ days
past due
 
Total loans
 
(in millions, except ratios)
 
 
 
 
 
HELOCs:(a)
 
 
 
 
 
 
 
 
 
 
Within the revolving period(b)
 
$
514

 
$
196

 
$
185

 
$
40,794

 
2.19
%
Beyond the revolving period
 
48

 
19

 
27

 
2,127

 
4.42

HELOANs
 
125

 
58

 
23

 
5,079

 
4.06

Total
 
$
687

 
$
273

 
$
235

 
$
48,000

 
2.49
%
(a) These HELOCs are predominantly revolving loans for a 10-year period, after which time the HELOC converts to a loan with a 20-year amortization period, but also include HELOCs originated by Washington Mutual that require interest-only payments beyond the revolving period.
(b) The Firm manages the risk of HELOCs during their revolving period by closing or reducing the undrawn line to the extent permitted by law when borrowers are experiencing financial difficulty or when the collateral does not support the loan amount.
Consumer | Other Consumer [Member]
  
Loans and Leases Receivable Disclosure [Line Items]  
Financing Receivable Credit Quality Indicators [Table Text Block]
The table below provides information for other consumer retained loan classes, including auto, business banking and student loans.
(in millions, except ratios)
Auto
 
Business banking
 
Student and other
 
Total other consumer
 
Mar 31,
2013
 
Dec 31,
2012
 
Mar 31,
2013
Dec 31,
2012
 
Mar 31,
2013
 
Dec 31,
2012
 
Mar 31,
2013
 
Dec 31,
2012
 
Loan delinquency(a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current
$
50,086

 
$
49,290

 
$
18,341

$
18,482

 
$
10,801

 
$
11,038

 
$
79,228

 
$
78,810

 
30–119 days past due
459

 
616

 
262

263

 
690

 
709

 
1,411

 
1,588

 
120 or more days past due
7

 
7

 
136

138

 
436

 
444

 
579

 
589

 
Total retained loans
$
50,552

 
$
49,913

 
$
18,739

$
18,883

 
$
11,927

 
$
12,191

 
$
81,218

 
$
80,987

 
% of 30+ days past due to total retained loans
0.92
%
 
1.25
%
 
2.12
%
2.12
%
 
2.05
%
(d) 
2.12
%
(d) 
1.37
%
(d) 
1.58
%
(d) 
90 or more days past due and still accruing (b)
$
—

 
$
—

 
$
—

$
—

 
$
523

 
$
525

 
$
523

 
$
525

 
Nonaccrual loans
135

 
163

 
458

481

 
80

 
70

 
673

 
714

 
Geographic region
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
California
$
5,099

 
$
4,962

 
$
2,026

$
1,983

 
$
1,098

 
$
1,108

 
$
8,223

 
$
8,053

 
New York
3,836

 
3,742

 
2,955

2,981

 
1,209

 
1,202

 
8,000

 
7,925

 
Illinois
2,826

 
2,738

 
1,376

1,404

 
740

 
748

 
4,942

 
4,890

 
Florida
1,911

 
1,922

 
546

527

 
547

 
556

 
3,004

 
3,005

 
Texas
4,739

 
4,739

 
2,718

2,749

 
864

 
891

 
8,321

 
8,379

 
New Jersey
2,000

 
1,921

 
367

379

 
403

 
409

 
2,770

 
2,709

 
Arizona
1,705

 
1,719

 
1,111

1,139

 
263

 
265

 
3,079

 
3,123

 
Washington
870

 
824

 
210

202

 
221

 
287

 
1,301

 
1,313

 
Ohio
2,400

 
2,462

 
1,416

1,443

 
755

 
770

 
4,571

 
4,675

 
Michigan
2,112

 
2,091

 
1,361

1,368

 
537

 
548

 
4,010

 
4,007

 
All other
23,054

 
22,793

 
4,653

4,708

 
5,290

 
5,407

 
32,997

 
32,908

 
Total retained loans
$
50,552

 
$
49,913

 
$
18,739

$
18,883

 
$
11,927

 
$
12,191

 
$
81,218

 
$
80,987

 
Loans by risk ratings(c)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Noncriticized
$
9,009

 
$
8,882

 
$
13,323

$
13,336

 
NA

 
NA

 
$
22,332

 
$
22,218

 
Criticized performing
82

 
130

 
705

713

 
NA

 
NA

 
787

 
843

 
Criticized nonaccrual
4

 
4

 
371

386

 
NA

 
NA

 
375

 
390

 
(a)
Individual delinquency classifications included loans insured by U.S. government agencies under the Federal Family Education Loan Program (“FFELP”) as follows: current included $5.2 billion and $5.4 billion; 30-119 days past due included $462 million and $466 million; and 120 or more days past due included $420 million and $428 million at March 31, 2013 and December 31, 2012, respectively.
(b)
These amounts represent student loans, which are insured by U.S. government agencies under the FFELP. These amounts were accruing as reimbursement of insured amounts is proceeding normally.
(c)
For risk-rated business banking and auto loans, the primary credit quality indicator is the risk rating of the loan, including whether the loans are considered to be criticized and/or nonaccrual.
(d)
March 31, 2013, and December 31, 2012, excluded loans 30 days or more past due and still accruing, which are insured by U.S. government agencies under the FFELP, of $881 million and $894 million, respectively. These amounts were excluded as reimbursement of insured amounts is proceeding normally.
Impaired Financing Receivables [Table Text Block]
The table below sets forth information about the Firm’s other consumer impaired loans, including risk-rated business banking and auto loans that have been placed on nonaccrual status, and loans that have been modified in TDRs.

(in millions)
Auto
 
Business banking
 
Total other consumer(c)
Mar 31,
2013
Dec 31,
2012
 
Mar 31,
2013
Dec 31,
2012
 
Mar 31,
2013
Dec 31,
2012
Impaired loans
 
 
 
 
 
 
 
 
With an allowance
$
74

$
78

 
$
542

$
543

 
$
616

$
621

Without an allowance(a)
66

72

 
—

—

 
66

72

Total impaired loans
$
140

$
150

 
$
542

$
543

 
$
682

$
693

Allowance for loan losses related to impaired loans
$
11

$
12

 
$
116

$
126

 
$
127

$
138

Unpaid principal balance of impaired loans(b)
247

259

 
613

624

 
860

883

Impaired loans on nonaccrual status
102

109

 
388

394

 
490

503

(a)
When discounted cash flows, collateral value or market price equals or exceeds the recorded investment in the loan, then the loan does not require an allowance. This typically occurs when the impaired loans have been partially charged off and/or there have been interest payments received and applied to the loan balance.
(b)
Represents the contractual amount of principal owed at March 31, 2013, and December 31, 2012. The unpaid principal balance differs from the impaired loan balances due to various factors, including charge-offs; interest payments received and applied to the principal balance; net deferred loan fees or costs; and unamortized discounts or premiums on purchased loans.
(c)
There were no impaired student and other loans at March 31, 2013, and December 31, 2012.
Impaired Financing Receivables, Average Recorded Investment [Table Text Block]
The following table presents average impaired loans for the periods presented.

(in millions)
Average impaired loans(b)
Three months ended March 31,
2013
2012
Auto
$
144

$
92

Business banking
543

688

Total other consumer(a)
$
687

$
780

(a)
There were no impaired student and other loans for the three months ended March 31, 2013 and 2012.
(b)
The related interest income on impaired loans, including those on a cash basis, was not material for the three months ended March 31, 2013 and 2012.
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
The following table provides information about the Firm’s other consumer loans modified in TDRs. All of these TDRs are reported as impaired loans in the tables above.
(in millions)
Auto
 
Business banking
 
Total other consumer(c)
Mar 31,
2013
Dec 31,
2012
 
Mar 31,
2013
Dec 31,
2012
 
Mar 31,
2013
Dec 31,
2012
Loans modified in troubled debt restructurings(a)(b)
$
140

$
150

 
$
341

$
352

 
$
481

$
502

TDRs on nonaccrual status
102

109

 
187

203

 
289

312

(a)
These modifications generally provided interest rate concessions to the borrower or deferral of principal repayments.
(b)
Additional commitments to lend to borrowers whose loans have been modified in TDRs as of March 31, 2013, and December 31, 2012, were immaterial.
(c)
There were no student and other loans modified in TDRs at March 31, 2013, and December 31, 2012.
Troubled Debt Restructurings on Financing Receivables, Roll Forward [Table Text Block]
The following table reconciles the beginning and ending balances of other consumer loans modified in TDRs for the periods presented.
Three months ended March 31,
(in millions)
Auto
 
Business banking
 
Total other consumer
2013
2012
 
2013
2012
 
2013
2012
Beginning balance of TDRs
$
150

$
88

 
$
352

$
415

 
$
502

$
503

New TDRs
20

17

 
22

13

 
42

30

Charge-offs post-modification
(3
)
(2
)
 
(2
)
(3
)
 
(5
)
(5
)
Foreclosures and other liquidations
—

—

 
—

—

 
—

—

Principal payments and other
(27
)
(12
)
 
(31
)
(47
)
 
(58
)
(59
)
Ending balance of TDRs(a)
$
140

$
91

 
$
341

$
378

 
$
481

$
469

(a)
At March 31, 2013, included $66 million of Chapter 7 auto loans. Certain of these loans were previously reported as nonaccrual loans (e.g., based upon the delinquency status of the loan).
Troubled Debt Restructurings on Financing Receivables, Financial Effects of Modifications and Redefaults [Table Text Block]
The following table provides information about the financial effects of the various concessions granted in modifications of other consumer loans for the periods presented.
 
Three months ended March 31,
Auto
 
Business banking
2013
2012
 
2013
2012
Weighted-average interest rate of loans with interest rate reductions – before TDR
12.97
%
9.98
%
 
8.34
%
7.96
%
Weighted-average interest rate of loans with interest rate reductions – after TDR
5.04

4.46

 
5.48

6.15

Weighted-average remaining contractual term (in years) of loans
with term or payment extensions – before TDR
NM

NM

 
1.4

1.4

Weighted-average remaining contractual term (in years) of loans
with term or payment extensions – after TDR
NM

NM

 
2.6

3.5
Consumer | Purchased Credit-Impaired [Member]
  
Loans and Leases Receivable Disclosure [Line Items]  
Financing Receivable Credit Quality Indicators [Table Text Block]
The table below sets forth information about the Firm’s consumer, excluding credit card, PCI loans.

(in millions, except ratios)
Home equity
 
Prime mortgage
 
Subprime mortgage
 
Option ARMs
 
Total PCI
Mar 31,
2013
Dec 31,
2012
 
Mar 31,
2013
Dec 31,
2012
 
Mar 31,
2013
Dec 31,
2012
 
Mar 31,
2013
Dec 31,
2012
 
Mar 31,
2013
Dec 31,
2012
Carrying value(a)
$
20,525

$
20,971

 
$
13,366

$
13,674

 
$
4,561

$
4,626

 
$
19,985

$
20,466

 
$
58,437

$
59,737

Related allowance for loan losses(b)
1,908

1,908

 
1,929

1,929

 
380

380

 
1,494

1,494

 
5,711

5,711

Loan delinquency (based on unpaid principal balance)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current
$
19,860

$
20,331

 
$
10,860

$
11,078

 
$
4,210

$
4,198

 
$
16,245

$
16,415

 
$
51,175

$
52,022

30–149 days past due
674

803

 
715

740

 
639

698

 
1,200

1,314

 
3,228

3,555

150 or more days past due
1,209

1,209

 
1,916

2,066

 
1,331

1,430

 
4,519

4,862

 
8,975

9,567

Total loans
$
21,743

$
22,343

 
$
13,491

$
13,884

 
$
6,180

$
6,326

 
$
21,964

$
22,591

 
$
63,378

$
65,144

% of 30+ days past due to total loans
8.66
%
9.01
%
 
19.50
%
20.21
%
 
31.88
%
33.64
%
 
26.04
%
27.34
%
 
19.25
%
20.14
%
Current estimated LTV ratios (based on unpaid principal balance)(c)(d)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Greater than 125% and refreshed FICO scores:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equal to or greater than 660
$
3,611

$
4,508

 
$
1,044

$
1,478

 
$
315

$
375

 
$
1,189

$
1,597

 
$
6,159

$
7,958

Less than 660
1,933

2,344

 
1,130

1,449

 
1,106

1,300

 
2,171

2,729

 
6,340

7,822

101% to 125% and refreshed FICO scores:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equal to or greater than 660
4,787

4,966

 
2,551

2,968

 
433

434

 
2,809

3,281

 
10,580

11,649

Less than 660
2,089

2,098

 
1,853

1,983

 
1,233

1,256

 
2,853

3,200

 
8,028

8,537

80% to 100% and refreshed FICO scores:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equal to or greater than 660
3,814

3,531

 
2,393

1,872

 
440

416

 
3,999

3,794

 
10,646

9,613

Less than 660
1,445

1,305

 
1,498

1,378

 
1,201

1,182

 
3,115

2,974

 
7,259

6,839

Lower than 80% and refreshed FICO scores:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equal to or greater than 660
2,875

2,524

 
1,534

1,356

 
304

255

 
3,159

2,624

 
7,872

6,759

Less than 660
1,189

1,067

 
1,488

1,400

 
1,148

1,108

 
2,669

2,392

 
6,494

5,967

Total unpaid principal balance
$
21,743

$
22,343

 
$
13,491

$
13,884

 
$
6,180

$
6,326

 
$
21,964

$
22,591

 
$
63,378

$
65,144

Geographic region (based on unpaid principal balance)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
California
$
13,131

$
13,493

 
$
7,648

$
7,877

 
$
1,409

$
1,444

 
$
11,571

$
11,889

 
$
33,759

$
34,703

New York
1,045

1,067

 
909

927

 
642

649

 
1,361

1,404

 
3,957

4,047

Illinois
488

502

 
416

433

 
328

338

 
567

587

 
1,799

1,860

Florida
2,005

2,054

 
988

1,023

 
631

651

 
2,380

2,480

 
6,004

6,208

Texas
372

385

 
143

148

 
361

368

 
115

118

 
991

1,019

New Jersey
413

423

 
395

401

 
255

260

 
836

854

 
1,899

1,938

Arizona
395

408

 
209

215

 
102

105

 
299

305

 
1,005

1,033

Washington
1,180

1,215

 
313

328

 
134

142

 
536

563

 
2,163

2,248

Ohio
26

27

 
69

71

 
98

100

 
87

89

 
280

287

Michigan
68

70

 
207

211

 
160

163

 
226

235

 
661

679

All other
2,620

2,699

 
2,194

2,250

 
2,060

2,106

 
3,986

4,067

 
10,860

11,122

Total unpaid principal balance
$
21,743

$
22,343

 
$
13,491

$
13,884

 
$
6,180

$
6,326

 
$
21,964

$
22,591

 
$
63,378

$
65,144

(a)
Carrying value includes the effect of fair value adjustments that were applied to the consumer PCI portfolio at the date of acquisition.
(b)
Management concluded as part of the Firm’s regular assessment of the PCI loan pools that it was probable that higher expected credit losses would result in a decrease in expected cash flows. As a result, an allowance for loan losses for impairment of these pools has been recognized.
(c)
Represents the aggregate unpaid principal balance of loans divided by the estimated current property value. Current property values are estimated, at a minimum, quarterly, based on home valuation models using nationally recognized home price index valuation estimates incorporating actual data to the extent available and forecasted data where actual data is not available. These property values do not represent actual appraised loan level collateral values; as such, the resulting ratios are necessarily imprecise and should be viewed as estimates. Current estimated combined LTV for junior lien home equity loans considers all available lien positions related to the property.
(d)
Refreshed FICO scores, which the Firm obtains at least quarterly, represent each borrower’s most recent credit score.
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Movement, Roll Forward [Table Text Block]
The table below sets forth the accretable yield activity for the Firm’s PCI consumer loans for the three months ended March 31, 2013 and 2012, and represents the Firm’s estimate of gross interest income expected to be earned over the remaining life of the PCI loan portfolios. The table excludes the cost to fund the PCI portfolios, and therefore the accretable yield does not represent net interest income expected to be earned on these portfolios.
(in millions, except ratios)
Total PCI
Three months ended March 31,
2013
2012
Beginning balance
$
18,457

$
19,072

Accretion into interest income
(573
)
(658
)
Changes in interest rates on variable-rate loans
(159
)
(140
)
Other changes in expected cash flows(a)
1,739

1,443

Balance at March 31
$
19,464

$
19,717

Accretable yield percentage
4.35
%
4.48
%
(a)
Other changes in expected cash flows may vary from period to period as the Firm continues to refine its cash flow model and periodically updates model assumptions. For the three months ended March 31, 2013, other changes in expected cash flows were due to refining the expected interest cash flows on HELOCs with balloon payments; these incremental interest cash flows will not have a significant impact on the accretable yield percentage. For the three months ended March 31, 2012, other changes in expected cash flows were principally driven by the impact of modifications, but also related to changes in prepayment assumptions. Changes to prepayment assumptions change the expected remaining life of the portfolio, which drives changes in expected future interest cash collections. Such changes do not have a significant impact on the accretable yield percentage.
Consumer | Purchased Credit-Impaired, Home Equity Junior Lien [Member]
  
Loans and Leases Receivable Disclosure [Line Items]  
Financing Receivable Credit Quality Indicators [Table Text Block]
The following tables set forth delinquency statistics for PCI junior lien home equity loans and lines of credit based on unpaid principal balance as of March 31, 2013, and December 31, 2012.
 
 
Delinquencies
 
 
 
 
March 31, 2013
 
30–89 days past due
 
90–149 days past due
 
150+ days past due
 
Total loans
 
Total 30+ day delinquency rate
(in millions, except ratios)
 
 
 
 
 
HELOCs:(a)
 
 
 
 
 
 
 
 
 
 
Within the revolving period(b)
 
$
298

 
$
136

 
$
593

 
$
14,725

 
6.97
%
Beyond the revolving period(c)
 
37

 
18

 
49

 
1,406

 
7.40

HELOANs
 
31

 
15

 
42

 
1,031

 
8.54

Total
 
$
366

 
$
169

 
$
684

 
$
17,162

 
7.10
%
 
 
Delinquencies
 
 
 
 
December 31, 2012
 
30–89 days past due
 
90–149 days past due
 
150+ days past due
 
Total loans
 
Total 30+ day delinquency rate
(in millions, except ratios)
 
 
 
 
 
HELOCs:(a)
 
 
 
 
 
 
 
 
 
 
Within the revolving period(b)
 
$
361

 
$
175

 
$
591

 
$
15,915

 
7.08
%
Beyond the revolving period(c)
 
30

 
13

 
20

 
666

 
9.46

HELOANs
 
37

 
18

 
44

 
1,085

 
9.12

Total
 
$
428

 
$
206

 
$
655

 
$
17,666

 
7.30
%
(a)
In general, these HELOCs are revolving loans for a 10-year period, after which time the HELOC converts to an interest-only loan with a balloon payment at the end of the loan’s term.
(b)
Substantially all undrawn HELOCs within the revolving period have been closed.
(c)
Largely all of these loans have been modified into fixed rate amortizing loans.
Credit card
  
Loans and Leases Receivable Disclosure [Line Items]  
Financing Receivable Credit Quality Indicators [Table Text Block]
The table below sets forth information about the Firm’s credit card loans.
(in millions, except ratios)
Mar 31,
2013
Dec 31,
2012
Loan delinquency
 
 
Current and less than 30 days past due
and still accruing
$
119,503

$
125,309

30–89 days past due and still accruing
1,183

1,381

90 or more days past due and still accruing
1,178

1,302

Nonaccrual loans
1

1

Total retained credit card loans
$
121,865

$
127,993

Loan delinquency ratios
 
 
% of 30+ days past due to total retained loans
1.94
%
2.10
%
% of 90+ days past due to total retained loans
0.97

1.02

Credit card loans by geographic region
 
 
California
$
16,386

$
17,115

New York
9,920

10,379

Texas
9,872

10,209

Illinois
7,041

7,399

Florida
6,919

7,231

New Jersey
5,203

5,503

Ohio
4,677

4,956

Pennsylvania
4,301

4,549

Michigan
3,537

3,745

Virginia
2,997

3,193

All other
51,012

53,714

Total retained credit card loans
$
121,865

$
127,993

Percentage of portfolio based on carrying value with estimated refreshed FICO scores(a)
 
 
Equal to or greater than 660
84.2
%
84.1
%
Less than 660
15.8

15.9

(a)
Refreshed FICO scores are estimated based on a statistically significant random sample of credit card accounts in the credit card portfolio for the periods shown. The Firm obtains refreshed FICO scores at least quarterly.
Impaired Financing Receivables [Table Text Block]
The table below sets forth information about the Firm’s impaired credit card loans. All of these loans are considered to be impaired as they have been modified in TDRs.
(in millions)
Mar 31,
2013
Dec 31,
2012
Impaired credit card loans with an allowance(a)(b)
 
 
Credit card loans with modified payment terms(c)
$
3,798

$
4,189

Modified credit card loans that have reverted to pre-modification payment terms(d)
489

573

Total impaired credit card loans
$
4,287

$
4,762

Allowance for loan losses related to impaired credit card loans
$
1,434

$
1,681

(a)
The carrying value and the unpaid principal balance are the same for credit card impaired loans.
(b)
There were no impaired loans without an allowance.
(c)
Represents credit card loans outstanding to borrowers enrolled in a credit card modification program as of the date presented.
(d)
Represents credit card loans that were modified in TDRs but that have subsequently reverted back to the loans’ pre-modification payment terms. At March 31, 2013, and December 31, 2012, $283 million and $341 million, respectively, of loans have reverted back to the pre-modification payment terms of the loans due to noncompliance with the terms of the modified loans. The remaining $206 million and $232 million at March 31, 2013, and December 31, 2012, respectively, of these loans are to borrowers who have successfully completed a short-term modification program. The Firm continues to report these loans as TDRs since the borrowers’ credit lines remain closed.
Impaired Financing Receivables, Average Recorded Investment [Table Text Block]
The following table presents average balances of impaired credit card loans and interest income recognized on those loans.
 
Three months
ended
March 31,
(in millions)
2013
2012
Average impaired credit card loans
$
4,521

$
6,845

Interest income on impaired credit card loans
58

89
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
The following table provides information regarding the nature and extent of modifications of credit card loans for the periods presented.
 
New enrollments
 
Three months
ended
March 31,
(in millions)
2013
2012
Short-term programs
$
—

$
31

Long-term programs
339

480

Total new enrollments
$
339

$
511
Troubled Debt Restructurings on Financing Receivables, Financial Effects of Modifications and Redefaults [Table Text Block]
The following table provides information about the financial effects of the concessions granted on credit card loans modified in TDRs and redefaults for the period presented.
(in millions, except weighted-average data)
Three months
ended
March 31,
2013
2012
Weighted-average interest rate of loans
  – before TDR
15.49
%
16.46
%
Weighted-average interest rate of loans
  – after TDR
4.67

5.52

Loans that redefaulted within
  one year of modification(a)
$
44

$
97

(a)
Represents loans modified in TDRs that experienced a payment default in the period presented, and for which the payment default occurred within one year of the modification. The amounts presented represent the balance of such loans as of the end of the quarter in which they defaulted.
Wholesale
  
Loans and Leases Receivable Disclosure [Line Items]  
Financing Receivable Credit Quality Indicators [Table Text Block]
The table below provides information by class of receivable for the retained loans in the Wholesale portfolio segment.
 
Commercial
 and industrial
 
Real estate
 
(in millions, except ratios)
Mar 31,
2013
 
Dec 31,
2012
 
Mar 31,
2013
 
Dec 31,
2012
 
Loans by risk ratings
 
 
 
 
 
 
 
 
Investment-grade
$
65,128

 
$
61,870

 
$
43,092

 
$
41,796

 
Noninvestment-grade:
 
 
 
 
 
 
 
 
Noncriticized
43,198

 
44,651

 
14,314

 
14,567

 
Criticized performing
2,805

 
2,636

 
3,410

 
3,857

 
Criticized nonaccrual
453

 
708

 
564

 
520

 
Total noninvestment-grade
46,456

 
47,995

 
18,288

 
18,944

 
Total retained loans
$
111,584

 
$
109,865

 
$
61,380

 
$
60,740

 
% of total criticized to total retained loans
2.92
%
 
3.04
%
 
6.47
%
 
7.21
%
 
% of nonaccrual loans to total retained loans
0.41

 
0.64

 
0.92

 
0.86

 
Loans by geographic distribution(a)
 
 
 
 
 
 
 
 
Total non-U.S.
$
36,561

 
$
35,494

 
$
1,331

 
$
1,533

 
Total U.S.
75,023

 
74,371

 
60,049

 
59,207

 
Total retained loans
$
111,584

 
$
109,865

 
$
61,380

 
$
60,740

 
 
 
 
 
 
 
 
 
 
Loan delinquency(b)
 
 
 
 
 
 
 
 
Current and less than 30 days past due and still accruing
$
110,774

 
$
109,019

 
$
60,650

 
$
59,829

 
30–89 days past due and still accruing
351

 
119

 
159

 
322

 
90 or more days past due and still accruing(c)
6

 
19

 
7

 
69

 
Criticized nonaccrual
453

 
708

 
564

 
520

 
Total retained loans
$
111,584

 
$
109,865

 
$
61,380

 
$
60,740

 
(a)
The U.S. and non-U.S. distribution is determined based predominantly on the domicile of the borrower.
(b)
The credit quality of wholesale loans is assessed primarily through ongoing review and monitoring of an obligor’s ability to meet contractual obligations rather than relying on the past due status, which is generally a lagging indicator of credit quality. For a discussion of more significant risk factors, see Note 14 on page 271 of JPMorgan Chase’s 2012 Annual Report.
(c)
Represents loans that are considered well-collateralized and therefore still accruing interest.
(d)
Other primarily includes loans to SPEs and loans to private banking clients. See Note 1 on pages 193–194 of JPMorgan Chase’s 2012 Annual Report for additional information on SPEs.
(table continued from previous page)




Financial
 institutions
 
Government agencies
 
Other(d)
 
Total
 retained loans
 
Mar 31,
2013
 
Dec 31,
2012
 
Mar 31,
2013
 
Dec 31,
2012
 
Mar 31,
2013
 
Dec 31,
2012
 
Mar 31,
2013
 
Dec 31,
2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
28,797

 
$
22,064

 
$
8,716

 
$
9,183

 
$
74,388

 
$
79,533

 
$
220,121

 
$
214,446

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
14,656

 
13,760

 
276

 
356

 
10,013

 
9,914

 
82,457

 
83,248

 
334

 
395

 
5

 
5

 
203

 
201

 
6,757

 
7,094

 
7

 
8

 
—

 
—

 
223

 
198

 
1,247

 
1,434

 
14,997

 
14,163

 
281

 
361

 
10,439

 
10,313

 
90,461

 
91,776

 
$
43,794

 
$
36,227

 
$
8,997

 
$
9,544

 
$
84,827

 
$
89,846

 
$
310,582

 
$
306,222

 
0.78
%
 
1.11
%
 
0.06
%
 
0.05
%
 
0.50
%
 
0.44
%
 
2.58
%
 
2.78
%
 
0.02

 
0.02

 
—

 
—

 
0.26

 
0.22

 
0.40

 
0.47

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
31,789

 
$
26,326

 
$
1,458

 
$
1,582

 
$
39,615

 
$
39,421

 
$
110,754

 
$
104,356

 
12,005

 
9,901

 
7,539

 
7,962

 
45,212

 
50,425

 
199,828

 
201,866

 
$
43,794

 
$
36,227

 
$
8,997

 
$
9,544

 
$
84,827

 
$
89,846

 
$
310,582

 
$
306,222

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
43,699

 
$
36,151

 
$
8,742

 
$
9,516

 
$
83,540

 
$
88,177

 
$
307,405

 
$
302,692

 
76

 
62

 
255

 
28

 
1,002

 
1,427

 
1,843

 
1,958

 
12

 
6

 
—

 
—

 
62

 
44

 
87

 
138

 
7

 
8

 
—

 
—

 
223

 
198

 
1,247

 
1,434

 
$
43,794

 
$
36,227

 
$
8,997

 
$
9,544

 
$
84,827

 
$
89,846

 
$
310,582

 
$
306,222

 
Impaired Financing Receivables [Table Text Block]
The table below sets forth information about the Firm’s wholesale impaired loans.

(in millions)
Commercial
and industrial
 
Real estate
 
Financial
institutions
 
Government
 agencies
 
Other
 
Total
retained loans
Mar 31,
2013
Dec 31,
2012
 
Mar 31,
2013
Dec 31,
2012
 
Mar 31,
2013
Dec 31,
2012
 
Mar 31,
2013
Dec 31,
2012
 
Mar 31,
2013
Dec 31,
2012
 
Mar 31,
2013
Dec 31,
2012
Impaired loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance
$
407

$
588

 
$
431

$
375

 
$
5

$
6

 
$
—

$
—

 
$
178

$
122

 
$
1,021

$
1,091

Without an allowance(a)
99

173

 
134

133

 
2

2

 
—

—

 
46

76

 
281

384

Total impaired loans
$
506

$
761

 
$
565

$
508

 
$
7

$
8

 
$
—

$
—

 
$
224

$
198

 
$
1,302

$
1,475

Allowance for loan losses related to impaired loans
$
108

$
205

 
$
79

$
82

 
$
2

$
2

 
$
—

$
—

 
$
39

$
30

 
$
228

$
319

Unpaid principal balance of impaired loans(b)
614

957

 
665

626

 
22

22

 
—

—

 
421

318

 
1,722

1,923

(a)
When the discounted cash flows, collateral value or market price equals or exceeds the recorded investment in the loan, then the loan does not require an allowance. This typically occurs when the impaired loans have been partially charged-off and/or there have been interest payments received and applied to the loan balance.
(b)
Represents the contractual amount of principal owed at March 31, 2013, and December 31, 2012. The unpaid principal balance differs from the impaired loan balances due to various factors, including charge-offs; interest payments received and applied to the carrying value; net deferred loan fees or costs; and unamortized discount or premiums on purchased loans.
Impaired Financing Receivables, Average Recorded Investment [Table Text Block]
The following table presents the Firm’s average impaired loans for the periods indicated.
 
Three months
ended March 31,
(in millions)
2013
2012
Commercial and industrial
$
606

$
918

Real estate
532

875

Financial institutions
8

28

Government agencies
—

16

Other
223

395

Total(a)
$
1,369

$
2,232

(a)
The related interest income on accruing impaired loans and interest income recognized on a cash basis were not material for the three months ended March 31, 2013 and 2012.
Troubled Debt Restructurings on Financing Receivables, Roll Forward [Table Text Block]
The following table provides information about the Firm’s wholesale loans that have been modified in TDRs, including a reconciliation of the beginning and ending balances of such loans and information regarding the nature and extent of modifications during the periods presented.
Three months ended March 31,
(in millions)
 
Commercial and industrial
 
Real estate
 
Other (b)
 
Total
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Beginning balance of TDRs
 
$
575

 
$
531

 
$
99

 
$
176

 
$
22

 
$
43

 
$
696

 
$
750

New TDRs
 
14

 
$
4

 
31

 
3

 
22

 
63

 
67

 
70

Increases to existing TDRs
 
3

 
1

 
—

 
—

 
—

 
—

 
3

 
1

Charge-offs post-modification
 
(1
)
 
(9
)
 
(3
)
 
(2
)
 
—

 
—

 
(4
)
 
(11
)
Sales and other(a)
 
(337
)
 
(108
)
 
(3
)
 
(29
)
 
(1
)
 
(9
)
 
(341
)
 
(146
)
Ending balance of TDRs
 
$
254

 
$
419

 
$
124

 
$
148

 
$
43

 
$
97

 
$
421

 
$
664

TDRs on nonaccrual status
 
$
200

 
$
314

 
$
114

 
$
116

 
$
43

 
$
95

 
$
357

 
$
525

Additional commitments to lend to borrowers whose loans have been modified in TDRs
 
18

 
15

 
—

 
—

 
—

 
—

 
18

 
15

(a)
Sales and other are largely sales and paydowns, but also included performing loans restructured at market rates that were removed from the reported TDR balance of zero and $23 million during the three months ended March 31, 2013 and 2012, respectively.
(b)
Includes loans to Financial institutions, Government agencies and Other.
Wholesale | Wholesale Real Estate [Member]
  
Loans and Leases Receivable Disclosure [Line Items]  
Financing Receivable Credit Quality Indicators [Table Text Block]
(table continued from previous page)
Commercial construction and development
 
Other
 
Total real estate loans
 
Mar 31,
2013
 
Dec 31,
2012
 
Mar 31,
2013
 
Dec 31,
2012
 
Mar 31,
2013
 
Dec 31,
2012
 
$
3,032

 
$
2,989

 
$
5,042

 
$
5,053

 
$
61,380

 
$
60,740

 
101

 
119

 
165

 
189

 
3,974

 
4,377

 
3.33
%
 
3.98
%
 
3.27
%
 
3.74
%
 
6.47
%
 
7.21
%
 
$
7

 
$
21

 
$
78

 
$
43

 
$
564

 
$
520

 
0.23
%
 
0.70
%
 
1.55
%
 
0.85
%
 
0.92
%
 
0.86
%
 
The following table presents additional information on the real estate class of loans within the Wholesale portfolio segment for the periods indicated. For further information on real estate loans, see Note 14 on pages 250–275 of JPMorgan Chase’s 2012 Annual Report.

(in millions, except ratios)
Multifamily
 
Commercial lessors
 
Mar 31,
2013
 
Dec 31,
2012
 
Mar 31,
2013
 
Dec 31,
2012
 
Real estate retained loans
$
38,973

 
$
38,030

 
$
14,333

 
$
14,668

 
Criticized exposure
1,942

 
2,118

 
1,766

 
1,951

 
% of criticized exposure to total real estate retained loans
4.98
%
 
5.57
%
 
12.32
%
 
13.30
%
 
Criticized nonaccrual
$
255

 
$
249

 
$
224

 
$
207

 
% of criticized nonaccrual to total real estate retained loans
0.65
%
 
0.65
%
 
1.56
%
 
1.41
%