Loans

6 Months Ended

Jun. 30, 2013

Loans and Leases Receivable Disclosure [Line Items]

Loans, Notes, Trade and Other Receivables, Excluding Allowance for Credit Losses [Text Block]

Loans

Loan accounting framework

The accounting for a loan depends on management’s strategy for the loan, and on whether the loan was credit-impaired at the date of acquisition. The Firm accounts for loans based on the following categories:

• Originated or purchased loans held-for-investment (i.e., “retained”), other than purchased credit-impaired (“PCI”) loans

• Loans held-for-sale

• Loans at fair value

• PCI loans held-for-investment

For a detailed discussion of loans, including accounting policies, see Note 14 on pages 250–275 of JPMorgan Chase’s 2012Annual Report. See Note 4 on pages 128–130 of this Form 10-Q for further information on the Firm’s elections of fair value accounting under the fair value option. See Note 3 on pages 114–127 of this Form 10-Q for further information on loans carried at fair value and classified as trading assets.

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 prime mortgage loans reported in the Asset Management (“AM”) business segment and in Corporate/Private Equity.

(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, Commercial Banking (“CB”) and AM business segments and in Corporate/Private Equity.

The following tables summarize the Firm’s loan balances by portfolio segment.

June 30, 2013	Consumer, excluding credit card		Credit card(a)		Wholesale		Total
(in millions)
Retained	$	287,388	$	124,288	$	308,208	$	719,884	(b)
Held-for-sale	708		—		3,071		3,779
At fair value	—		—		1,923		1,923
Total	$	288,096	$	124,288	$	313,202	$	725,586
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 $2.3 billion and $2.5 billion at June 30, 2013, and December 31, 2012, respectively.

The following tables provide 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.The Firm manages its exposure to credit risk on an ongoing basis. Selling loans is one way that the Firm reduces its credit exposures.

	2013								2012
Three months ended June 30, (in millions)	Consumer, excluding credit card		Credit card		Wholesale		Total		Consumer, excluding credit card		Credit card		Wholesale		Total
Purchases	$	1,590	$	328	$	191	$	2,109	$	1,854	$	—	$	253	$	2,107
Sales	1,233		—		1,425		2,658		985		—		809		1,794
Retained loans reclassified to held-for-sale	708		—		677		1,385		—		120		55		175
	2013								2012
Six months ended June 30, (in millions)	Consumer, excluding credit card		Credit card		Wholesale		Total		Consumer, excluding credit card		Credit card		Wholesale		Total
Purchases	$	4,215	$	328	$	286	$	4,829	$	3,613	$	—	$	574	$	4,187
Sales	2,662		—		2,578		5,240		1,342		—		1,672		3,014
Retained loans reclassified to held-for-sale	708		—		1,021		1,729		—		1,043		117		1,160

The following table provides information about gains/(losses) on loan sales by portfolio segment.

	Three months ended June 30,					Six months ended June 30,
(in millions)	2013			2012		2013			2012
Net gains/(losses) on sales of loans (including lower of cost or fair value adjustments)(a)
Consumer, excluding credit card	$	112		$	42	$	256		$	74
Credit card	—			6		—			(12		)
Wholesale	(14		)	36		(7		)	68
Total net gains/(losses) on sales of loans (including lower of cost or fair value adjustments)	$	98		$	84	$	249		$	130

(a) Excludes sales related to loans accounted for at fair value.

Consumer

Loans and Leases Receivable Disclosure [Line Items]

Loans, Notes, Trade and Other Receivables, Excluding Allowance for Credit Losses [Text Block]

Consumer, excluding credit card loan portfolio

Consumer loans, excluding credit card loans, consist primarily of residential mortgages, home equity loans and lines of credit, auto loans, business banking loans, and student and other loans, with a primary focus on serving the prime consumer credit market. The portfolio also includes home equity loans secured by junior liens and mortgage loans with interest-only payment options to predominantly prime borrowers, as well as certain payment-option loans originated by Washington Mutual that may result in negative amortization.

The table below provides information about retained consumer loans, excluding credit card, by class.

(in millions)	Jun 30, 2013		Dec 31, 2012
Residential real estate – excluding PCI
Home equity:
Senior lien	$	18,277	$	19,385
Junior lien	44,049		48,000
Mortgages:
Prime, including option ARMs	79,179		76,256
Subprime	7,703		8,255
Other consumer loans
Auto	50,865		49,913
Business banking	18,730		18,883
Student and other	11,849		12,191
Residential real estate – PCI
Home equity	19,992		20,971
Prime mortgage	12,976		13,674
Subprime mortgage	4,448		4,626
Option ARMs	19,320		20,466
Total retained loans	$	287,388	$	292,620

Delinquency rates are a primary credit quality indicator for consumer loans, excluding credit card. Other indicators that are taken into consideration for consumer loans, excluding credit card, include:

• For residential real estate loans, including both non-PCI and PCI portfolios, the current estimated LTV ratio, or the combined LTV ratio in the case of junior lien loans; the geographic distribution of the loan collateral; and the borrower’s current or “refreshed” FICO score.

• For scored auto, scored business banking and student loans, the geographic distribution of the loans.

• For risk-rated business banking and auto loans, the risk rating of the loan; the geographic considerations relevant to the loan; and whether the loan is considered to be criticized and/or nonaccrual.

• For all business banking loans, the industry specific conditions relevant to the loans.

For further information on consumer credit quality indicators, see Note 14 on pages 250–275 of JPMorgan Chase’s 2012Annual Report.

Residential real estate – excluding PCI loans

The following table provides information by class for residential real estate – excluding retained PCI loans in the consumer, excluding credit card, portfolio segment.

The following factors should be considered in analyzing certain credit statistics applicable to the Firm’s residential real estate – excluding PCI loans portfolio: (i) junior lien home equity loans may be fully charged off when the loan becomes 180 days past due, and the value of the collateral does not support the repayment of the loan, resulting in relatively high charge-off rates for this product class; and (ii) the lengthening of loss-mitigation timelines may result in higher delinquency rates for loans carried at the net realizable value of the collateral that remain on the Firm’s Consolidated Balance Sheets.

Residential real estate – excluding PCI loans
	Home equity
(in millions, except ratios)	Senior lien						Junior lien
	Jun 30, 2013			Dec 31, 2012			Jun 30, 2013			Dec 31, 2012
Loan delinquency(a)
Current	$	17,636		$	18,688		$	43,144		$	46,805
30–149 days past due	279			330			668			960
150 or more days past due	362			367			237			235
Total retained loans	$	18,277		$	19,385		$	44,049		$	48,000
% of 30+ days past due to total retained loans	3.51		%	3.60		%	2.05		%	2.49		%
90 or more days past due and still accruing	$	—		$	—		$	—		$	—
90 or more days past due and government guaranteed(b)	—			—			—			—
Nonaccrual loans	927			931			2,059			2,277
Current estimated LTV ratios(c)(d)(e)
Greater than 125% and refreshed FICO scores:
Equal to or greater than 660	$	88		$	197		$	2,416		$	4,561
Less than 660	44			93			725			1,338
101% to 125% and refreshed FICO scores:
Equal to or greater than 660	321			491			5,891			7,089
Less than 660	143			191			1,673			1,971
80% to 100% and refreshed FICO scores:
Equal to or greater than 660	1,161			1,502			8,810			9,604
Less than 660	392			485			2,248			2,279
Less than 80% and refreshed FICO scores:
Equal to or greater than 660	13,729			13,988			19,136			18,252
Less than 660	2,399			2,438			3,150			2,906
U.S. government-guaranteed	—			—			—			—
Total retained loans	$	18,277		$	19,385		$	44,049		$	48,000
Geographic region
California	$	2,577		$	2,786		$	10,065		$	10,969
New York	2,865			2,847			9,021			9,753
Illinois	1,313			1,358			3,009			3,265
Florida	889			892			2,335			2,572
Texas	2,252			2,508			1,325			1,503
New Jersey	655			652			2,608			2,838
Arizona	1,098			1,183			1,975			2,151
Washington	601			651			1,502			1,629
Michigan	852			910			1,061			1,169
Ohio	1,394			1,514			989			1,091
All other(f)	3,781			4,084			10,159			11,060
Total retained loans	$	18,277		$	19,385		$	44,049		$	48,000

(a) Individual delinquency classifications included mortgage loans insured by U.S. government agencies as follows: current included $3.3 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 $8.4 billion and $9.5 billion at June 30, 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 June 30, 2013, and December 31, 2012, these balances included $6.1 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 June 30, 2013, and December 31, 2012, included mortgage loans insured by U.S. government agencies of $13.8 billion and $15.6 billion, respectively.

(g) At June 30, 2013, and December 31, 2012, excluded mortgage loans insured by U.S. government agencies of $10.5 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
Jun 30, 2013				Dec 31, 2012				Jun 30, 2013			Dec 31, 2012			Jun 30, 2013				Dec 31, 2012
$	66,203			$	61,439			$	6,396		$	6,673		$	133,379			$	133,605
2,827				3,237				607			727			4,381				5,254
10,149				11,580				700			855			11,448				13,037
$	79,179			$	76,256			$	7,703		$	8,255		$	149,208			$	151,896
3.19		%	(g)	3.97		%	(g)	16.97		%	19.16		%	3.60		%	(g)	4.28		%	(g)
$	—			$	—			$	—		$	—		$	—			$	—
9,366				10,625				—			—			9,366				10,625
3,330				3,445				1,594			1,807			7,910				8,460
$	1,695			$	2,573			$	122		$	236		$	4,321			$	7,567
565				991				381			653			1,715				3,075
2,640				3,697				364			457			9,216				11,734
1,066				1,376				824			985			3,706				4,523
5,894				7,070				682			726			16,547				18,902
1,910				2,117				1,268			1,346			5,818				6,227
46,521				38,281				1,875			1,793			81,261				72,314
5,073				4,549				2,187			2,059			12,809				11,952
13,815				15,602				—			—			13,815				15,602
$	79,179			$	76,256			$	7,703		$	8,255		$	149,208			$	151,896
$	19,256			$	17,539			$	1,150		$	1,240		$	33,048			$	32,534
12,344				11,190				1,022			1,081			25,252				24,871
4,546				3,999				304			323			9,172				8,945
4,433				4,372				967			1,031			8,624				8,867
3,138				2,927				239			257			6,954				7,195
2,376				2,131				376			399			6,015				6,020
1,211				1,162				155			165			4,439				4,661
1,770				1,741				163			177			4,036				4,198
898				866				190			203			3,001				3,148
416				405				177			191			2,976				3,201
28,791				29,924				2,960			3,188			45,691				48,256
$	79,179			$	76,256			$	7,703		$	8,255		$	149,208			$	151,896

The following tables represent the Firm’s delinquency statistics for junior lien home equity loans and lines as of June 30, 2013, and December 31, 2012.

	Delinquencies								Total 30+ day delinquency rate
June 30, 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)	$	358	$	124	$	176	$	35,739	1.84	%
Beyond the revolving period	51		13		38		3,828		2.66
HELOANs	89		33		23		4,482		3.24
Total	$	498	$	170	$	237	$	44,049	2.05	%

	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.

Home equity lines of credit (“HELOCs”) beyond the revolving period and home equity loans (“HELOANs”) have higher delinquency rates than do HELOCs within the revolving period. That is primarily because the fully-amortizing payment that is generally required for those products is higher than the minimum payment options

available for HELOCs within the revolving period. The higher delinquency rates associated with amortizing HELOCs and HELOANs are factored into the loss estimates produced by the Firm’s delinquency roll-rate methodology, which estimates defaults based on the current delinquency status of a portfolio.

Impaired loans

The Firm reports, in accordance with regulatory guidance, residential real estate loans that have been discharged under Chapter 7 bankruptcy and not reaffirmed by the borrower (“Chapter 7 loans”) as collateral-dependent nonaccrual TDRs, regardless of their delinquency status.

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 176 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
	Jun 30, 2013		Dec 31, 2012		Jun 30, 2013		Dec 31, 2012		Jun 30, 2013		Dec 31, 2012		Jun 30, 2013		Dec 31, 2012		Jun 30, 2013		Dec 31, 2012
Impaired loans
With an allowance	$	582	$	542	$	717	$	677	$	6,152	$	5,810	$	3,099	$	3,071	$	10,550	$	10,100
Without an allowance(a)	578		550		598		546		1,151		1,308		726		741		3,053		3,145
Total impaired loans(b)	$	1,160	$	1,092	$	1,315	$	1,223	$	7,303	$	7,118	$	3,825	$	3,812	$	13,603	$	13,245
Allowance for loan losses related to impaired loans	$	119	$	159	$	163	$	188	$	177	$	70	$	117	$	174	$	576	$	591
Unpaid principal balance of impaired loans(c)	1,532		1,408		2,584		2,352		9,374		9,095		5,748		5,700		19,238		18,555
Impaired loans on nonaccrual status(d)	648		607		683		599		2,084		1,888		1,242		1,308		4,657		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 June 30, 2013, and December 31, 2012, $6.9 billion and $7.5 billion, respectively, of loans 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 June 30, 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 June 30, 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 2012Annual Report.

The following tables present average impaired loans and the related interest income reported by the Firm.

Three months ended June 30,	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	$	1,158	$	390	$	14	$	3	$	10	$	—
Junior lien	1,296		734		21		7		14		1
Mortgages
Prime, including option ARMs	7,219		5,469		70		55		15		5
Subprime	3,833		3,394		50		45		14		6
Total residential real estate – excluding PCI	$	13,506	$	9,987	$	155	$	110	$	53	$	12
Six months ended June 30,	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	$	1,149	$	363	$	29	$	6	$	20	$	1
Junior lien	1,284		710		41		13		27		2
Mortgages
Prime, including option ARMs	7,203		5,209		139		104		29		10
Subprime	3,830		3,305		100		87		29		10
Total residential real estate – excluding PCI	$	13,466	$	9,587	$	309	$	210	$	105	$	23

(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.

Loan modifications

The global settlement, which became effective on April 5, 2012, required the Firm to, among other things, provide $3.7 billion of additional relief to certain borrowers under the Consumer Relief Program, including reductions of principal on first and second liens. For further information on the global settlement, see Mortgage Foreclosure-Related Investigations and Litigation in Note 23 on pages 204–205 of this Form 10-Q.

Modifications of residential real estate loans, excluding PCI loans, are generally accounted for and reported as TDRs. There are no additional commitments to lend to borrowers whose residential real estate loans, excluding PCI loans, have been modified in TDRs. For further information, see Note 14 on page 252 and pages 260–262 of JPMorgan Chase’s 2012Annual Report.

TDR activity rollforward

The following tables reconcile the beginning and ending balances of residential real estate loans, excluding PCI loans, modified in TDRs for the periods presented.

Three months ended June 30, (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	$	1,155		$	338		$	1,286		$	706		$	7,223		$	5,018		$	3,843		$	3,226		$	13,507		$	9,288
New TDRs	39			231			94			93			318			1,209			89			362			540			1,895
Charge-offs post-modification(a)	(8		)	(4		)	(24		)	(6		)	(14		)	(26		)	(27		)	(43		)	(73		)	(79		)
Foreclosures and other liquidations (e.g., short sales)	(5		)	—			(7		)	(2		)	(39		)	(28		)	(19		)	(23		)	(70		)	(53		)
Principal payments and other	(21		)	(5		)	(34		)	(29		)	(185		)	(81		)	(61		)	(38		)	(301		)	(153		)
Ending balance of TDRs(b)	$	1,160		$	560		$	1,315		$	762		$	7,303		$	6,092		$	3,825		$	3,484		$	13,603		$	10,898
Permanent modifications(b)	$	1,117		$	527		$	1,309		$	756		$	7,035		$	5,808		$	3,676		$	3,333		$	13,137		$	10,424
Trial modifications	$	43		$	33		$	6		$	6		$	268		$	284		$	149		$	151		$	466		$	474
Six months ended June 30, (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	140			243			229			189			628			1,490			217			484			1,214			2,406
Charge-offs post-modification(a)	(18		)	(9		)	(57		)	(23		)	(33		)	(60		)	(65		)	(94		)	(173		)	(186		)
Foreclosures and other liquidations (e.g., short sales)	(9		)	—			(11		)	(5		)	(74		)	(57		)	(38		)	(60		)	(132		)	(122		)
Principal payments and other	(45		)	(9		)	(69		)	(56		)	(336		)	(158		)	(101		)	(65		)	(551		)	(288		)
Ending balance of TDRs(b)	$	1,160		$	560		$	1,315		$	762		$	7,303		$	6,092		$	3,825		$	3,484		$	13,603		$	10,898
Permanent modifications(b)	$	1,117		$	527		$	1,309		$	756		$	7,035		$	5,808		$	3,676		$	3,333		$	13,137		$	10,424
Trial modifications	$	43		$	33		$	6		$	6		$	268		$	284		$	149		$	151		$	466		$	474

(a) Includes charge-offs on unsuccessful trial modifications.

(b) At June 30, 2013, included $1.6 billion of Chapter 7 loans consisting of $470 million of senior lien home equity loans, $499 million of junior lien home equity loans, $430 million of prime, including option ARMs, and $223 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).

Nature and extent of modifications

MHA, as well as the Firm’s proprietary modification programs, generally provide various concessions to financially troubled borrowers including, but not limited to, interest rate reductions, term or payment extensions and deferral of principal and/or interest payments that would otherwise have been required under the terms of the original agreement.

The following tables provide information about how residential real estate loans, excluding PCI loans, were modified under the Firm’s loss mitigation programs during the periods presented. These tables exclude Chapter 7 loans where the sole concession granted is the discharge of debt. At June 30, 2013, there were approximately 38,900 of such Chapter 7 loans, consisting of approximately 9,400 senior lien home equity loans, 22,500 junior lien home equity loans, 3,500 prime mortgage, including option ARMs, and 3,500 subprime mortgages.

Three months ended June 30,	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)	562		468		172		173		856		941		1,123		1,140		2,713		2,722
Number of loans permanently modified	405		2,467		1,353		2,048		1,137		3,754		1,458		4,654		4,353		12,923
Concession granted:(a)(b)
Interest rate reduction	70	%	90	%	85	%	85	%	73	%	88	%	72	%	67	%	76	%	80	%
Term or payment extension	73		30		76		84		69		58		53		28		66		46
Principal and/or interest deferred	11		3		25		16		29		11		12		5		20		8
Principal forgiveness	37		1		33		12		39		9		46		37		39		18
Other(c)	—		—		—		—		24		40		13		7		11		14
Six months ended June 30,	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)	1,062		839		368		421		1,832		1,913		2,612		2,332		5,874		5,505
Number of loans permanently modified	950		2,697		2,669		3,864		2,613		4,704		3,147		5,844		9,379		17,109
Concession granted:(a)(b)
Interest rate reduction	72	%	88	%	88	%	90	%	74	%	86	%	71	%	70	%	77	%	82	%
Term or payment extension	73		35		77		76		69		61		51		34		66		51
Principal and/or interest deferred	10		4		24		18		28		17		11		6		19		11
Principal forgiveness	38		3		36		10		40		12		52		36		43		18
Other(c)	—		—		—		—		24		33		15		6		12		11

(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.

Financial effects of modifications and redefaults

The following tables provide 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 tables present only the financial effects of permanent modifications. These tables also exclude Chapter 7 loans where the sole concession granted is the discharge of debt.

Three months ended June 30, (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	6.78		%	7.32		%	5.10		%	5.77		%	5.09		%	6.37		%	7.26		%	7.55		%	5.76		%	6.73		%
Weighted-average interest rate of loans with interest rate reductions – after TDR	3.34			4.91			2.28			2.07			2.78			4.22			3.50			4.56			2.94			4.25
Weighted-average remaining contractual term (in years) of loans with term or payment extensions – before TDR	17			19			19			21			25			25			24			24			24			24
Weighted-average remaining contractual term (in years) of loans with term or payment extensions – after TDR	31			30			34			32			37			35			35			32			36			33
Charge-offs recognized upon permanent modification	$	2		$	1		$	23		$	6		$	6		$	9		$	3		$	7		$	34		$	23
Principal deferred	1			1			7			6			32			40			11			14			51			61
Principal forgiven	7			1			13			7			57			33			55			118			132			159
Number of loans that redefaulted within one year of permanent modification(a)	95			84			248			356			189			232			317			437			849			1,109
Balance of loans that redefaulted within one year of permanent modification(a)	$	7		$	6		$	6		$	12		$	54		$	72		$	31		$	47		$	98		$	137
Six months ended June 30, (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	6.53		%	7.30		%	5.14		%	5.72		%	5.37		%	6.28		%	7.48		%	7.75		%	5.99		%	6.70		%
Weighted-average interest rate of loans with interest rate reductions – after TDR	3.44			4.79			2.22			1.89			2.83			3.89			3.54			4.36			2.98			3.91
Weighted-average remaining contractual term (in years) of loans with term or payment extensions – before TDR	18			19			19			21			24			26			24			25			23			25
Weighted-average remaining contractual term (in years) of loans with term or payment extensions – after TDR	31			29			34			32			37			35			34			32			35			34
Charge-offs recognized upon permanent modification	$	4		$	2		$	42		$	12		$	11		$	23		$	6		$	12		$	63		$	49
Principal deferred	3			2			14			12			67			75			21			24			105			113
Principal forgiven	17			3			29			11			130			53			139			149			315			216
Number of loans that redefaulted within one year of permanent modification(a)	226			140			594			724			397			458			629			733			1,846			2,055
Balance of loans that redefaulted within one year of permanent modification(a)	$	17		$	10		$	13		$	26		$	104		$	130		$	63		$	81		$	197		$	247

(a) Represents loans permanently modified in TDRs that experienced a payment default in the periods 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.

Approximately 85% of the trial modifications approved on or after July 1, 2010 (the approximate date on which substantial revisions were made to the HAMP program), that are seasoned more than six months have been successfully converted to permanent modifications.

The primary performance indicator for TDRs is the rate at which permanently modified loans redefault. At June 30, 2013, the cumulative redefault rates of residential real estate loans that have been modified under the Firm’s loss mitigation programs, excluding PCI loans, based upon permanent modifications that were completed after October 1, 2009, and that are seasoned more than six months are 19% for senior lien home equity, 18% for junior lien home equity, 14% for prime mortgages including option ARMs, and 24% for subprime mortgages.

Default rates of Chapter 7 loans vary significantly based on the delinquency status of the loan and overall economic conditions at the time of discharge. Default rates for Chapter 7 residential real estate loans that were less than 60 days past due at the time of discharge have ranged between approximately 10% and 40% in recent years based on the economic conditions at the time of discharge. At June 30, 2013, Chapter 7 residential real estate loans included approximately 21% of senior lien home equity, 13% of junior lien home equity, 38% of prime mortgages, including option ARMs, and 28% of subprime mortgages that were 30 days or more past due.

At June 30, 2013, the weighted-average estimated remaining lives of residential real estate loans, excluding PCI loans, permanently modified in TDRs were 6 years for senior lien home equity, 7 years for junior lien home equity, 10 years for prime mortgage, including option ARMs and 8 years for subprime mortgages. The estimated remaining lives of these loans reflect estimated prepayments, both voluntary and involuntary (i.e., foreclosures and other forced liquidations).

Other consumer loans

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
	Jun 30, 2013			Dec 31, 2012			Jun 30, 2013			Dec 31, 2012			Jun 30, 2013				Dec 31, 2012				Jun 30, 2013				Dec 31, 2012
Loan delinquency(a)
Current	$	50,381		$	49,290		$	18,308		$	18,482		$	10,781			$	11,038			$	79,470			$	78,810
30–119 days past due	479			616			271			263			655				709				1,405				1,588
120 or more days past due	5			7			151			138			413				444				569				589
Total retained loans	$	50,865		$	49,913		$	18,730		$	18,883		$	11,849			$	12,191			$	81,444			$	80,987
% of 30+ days past due to total retained loans	0.95		%	1.25		%	2.25		%	2.12		%	2.16		%	(d)	2.12		%	(d)	1.43		%	(d)	1.58		%	(d)
90 or more days past due and still accruing (b)	$	—		$	—		$	—		$	—		$	488			$	525			$	488			$	525
Nonaccrual loans	126			163			454			481			86				70				666				714
Geographic region
California	$	5,251		$	4,962		$	2,118		$	1,983		$	1,113			$	1,108			$	8,482			$	8,053
New York	3,833			3,742			2,947			2,981			1,229				1,202				8,009				7,925
Illinois	2,771			2,738			1,370			1,404			742				748				4,883				4,890
Florida	1,906			1,922			570			527			546				556				3,022				3,005
Texas	4,835			4,739			2,641			2,749			877				891				8,353				8,379
New Jersey	2,007			1,921			390			379			400				409				2,797				2,709
Arizona	1,752			1,719			1,079			1,139			261				265				3,092				3,123
Washington	892			824			218			202			222				287				1,332				1,313
Michigan	2,037			2,091			1,347			1,368			529				548				3,913				4,007
Ohio	2,331			2,462			1,391			1,443			736				770				4,458				4,675
All other	23,250			22,793			4,659			4,708			5,194				5,407				33,103				32,908
Total retained loans	$	50,865		$	49,913		$	18,730		$	18,883		$	11,849			$	12,191			$	81,444			$	80,987
Loans by risk ratings(c)
Noncriticized	$	8,736		$	8,882		$	13,333		$	13,336		NA				NA				$	22,069			$	22,218
Criticized performing	77			130			698			713			NA				NA				775				843
Criticized nonaccrual	3			4			365			386			NA				NA				368				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 $5.1 billion and $5.4 billion; 30-119 days past due included $415 million and $466 million; and 120 or more days past due included $398 million and $428 million at June 30, 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) June 30, 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 $812 million and $894 million, respectively. These amounts were excluded as reimbursement of insured amounts is proceeding normally.

Other consumer impaired loans and loan modifications

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)
	Jun 30, 2013		Dec 31, 2012		Jun 30, 2013		Dec 31, 2012		Jun 30, 2013		Dec 31, 2012
Impaired loans
With an allowance	$	67	$	78	$	524	$	543	$	591	$	621
Without an allowance(a)	57		72		—		—		57		72
Total impaired loans	$	124	$	150	$	524	$	543	$	648	$	693
Allowance for loan losses related to impaired loans	$	12	$	12	$	125	$	126	$	137	$	138
Unpaid principal balance of impaired loans(b)	225		259		610		624		835		883
Impaired loans on nonaccrual status	90		109		373		394		463		503

(a) When discounted cash flows, collateral value or market price equals or exceeds the recorded investment in the loan, 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 June 30, 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 June 30, 2013, and December 31, 2012.

The following table presents average impaired loans for the periods presented.

(in millions)	Average impaired loans(b)
	Three months ended June 30,				Six months ended June 30,
	2013		2012		2013		2012
Auto	$	129	$	88	$	137	$	90
Business banking	528		646		536		667
Total other consumer(a)	$	657	$	734	$	673	$	757

(a) There were no impaired student and other loans for the three or six months endedJune 30, 2013 and 2012.

(b) The related interest income on impaired loans, including those on a cash basis, was not material for the three or six months endedJune 30, 2013 and 2012.

Loan modifications

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)
	Jun 30, 2013		Dec 31, 2012		Jun 30, 2013		Dec 31, 2012		Jun 30, 2013		Dec 31, 2012
Loans modified in troubled debt restructurings(a)(b)	$	124	$	150	$	324	$	352	$	448	$	502
TDRs on nonaccrual status	90		109		173		203		263		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 June 30, 2013, and December 31, 2012, were immaterial.

(c) There were no student and other loans modified in TDRs at June 30, 2013, and December 31, 2012.

TDR activity rollforward

The following tables reconcile the beginning and ending balances of other consumer loans modified in TDRs for the periods presented.

Three months ended June 30, (in millions)	Auto						Business banking						Total other consumer
	2013			2012			2013			2012			2013			2012
Beginning balance of TDRs	$	140		$	91		$	341		$	378		$	481		$	469
New TDRs	22			10			18			21			40			31
Charge-offs post-modification	(2		)	(2		)	—			(2		)	(2		)	(4		)
Foreclosures and other liquidations	—			—			—			—			—			—
Principal payments and other	(36		)	(13		)	(35		)	(31		)	(71		)	(44		)
Ending balance of TDRs(a)	$	124		$	86		$	324		$	366		$	448		$	452
Six months ended June 30, (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	42			27			40			34			82			61
Charge-offs post-modification	(5		)	(4		)	(2		)	(5		)	(7		)	(9		)
Foreclosures and other liquidations	—			—			—			—			—			—
Principal payments and other	(63		)	(25		)	(66		)	(78		)	(129		)	(103		)
Ending balance of TDRs(a)	$	124		$	86		$	324		$	366		$	448		$	452

(a) At June 30, 2013, included $57 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).

Financial effects of modifications and redefaults

For auto loans, TDRs typically occur in connection with the bankruptcy of the borrower. In these cases, the loan is modified with a revised repayment plan that typically incorporates interest rate reductions and, to a lesser extent, principal forgiveness. Beginning September 30, 2012, Chapter 7 auto loans are also considered TDRs.

For business banking loans, concessions are dependent on individual borrower circumstances and can be of a short-term nature for borrowers who need temporary relief or longer term for borrowers experiencing more fundamental financial difficulties. Concessions are predominantly term or payment extensions, but also may include interest rate reductions.

The balance of business banking loans modified in TDRs that experienced a payment default, and for which the payment default occurred within one year of the modification, was $11 million and $14 million during the three months endedJune 30, 2013 and 2012, respectively, and $23 million and $25 million during the six months endedJune 30, 2013 and 2012, respectively. The balance of auto loans modified in TDRs that experienced a payment default, and for which the payment default occurred within one year of the modification, was $15 million and $7 million during the three months endedJune 30, 2013 and 2012, respectively, and $28 million and $14 million during the six months endedJune 30, 2013 and 2012, respectively. A payment default is deemed to occur as follows: (1) for scored auto and business banking loans, when the loan is two payments past due; and (2) for risk-rated business banking loans and auto loans, when the borrower has not made a loan payment by its scheduled due date after giving effect to the contractual grace period, if any.

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 June 30,								Six months ended June 30,
	Auto				Business banking				Auto				Business banking
	2013		2012		2013		2012		2013		2012		2013		2012
Weighted-average interest rate of loans with interest rate reductions – before TDR	13.46	%	12.55	%	7.58	%	8.24	%	13.19	%	10.99	%	7.94	%	8.14	%
Weighted-average interest rate of loans with interest rate reductions – after TDR	4.82		5.10		6.16		6.03		4.94		4.71		5.84		6.07
Weighted-average remaining contractual term (in years) of loans with term or payment extensions – before TDR	NM		NM		1.6		0.7		NM		NM		1.5		1.0
Weighted-average remaining contractual term (in years) of loans with term or payment extensions – after TDR	NM		NM		3.8		1.9		NM		NM		3.1		2.5

Purchased credit-impaired loans

For a detailed discussion of PCI loans, including the related accounting policies, see Note 14 on pages 250–275 of JPMorgan Chase’s 2012Annual Report.

Residential real estate – PCI loans

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
	Jun 30, 2013			Dec 31, 2012			Jun 30, 2013			Dec 31, 2012			Jun 30, 2013			Dec 31, 2012			Jun 30, 2013			Dec 31, 2012			Jun 30, 2013			Dec 31, 2012
Carrying value(a)	$	19,992		$	20,971		$	12,976		$	13,674		$	4,448		$	4,626		$	19,320		$	20,466		$	56,736		$	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	$	19,280		$	20,331		$	10,688		$	11,078		$	4,205		$	4,198		$	16,038		$	16,415		$	50,211		$	52,022
30–149 days past due	639			803			643			740			592			698			1,039			1,314			2,913			3,555
150 or more days past due	1,173			1,209			1,673			2,066			1,169			1,430			4,032			4,862			8,047			9,567
Total loans	$	21,092		$	22,343		$	13,004		$	13,884		$	5,966		$	6,326		$	21,109		$	22,591		$	61,171		$	65,144
% of 30+ days past due to total loans	8.59		%	9.01		%	17.81		%	20.21		%	29.52		%	33.64		%	24.02		%	27.34		%	17.92		%	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	$	2,600		$	4,508		$	674		$	1,478		$	237		$	375		$	757		$	1,597		$	4,268		$	7,958
Less than 660	1,399			2,344			745			1,449			841			1,300			1,397			2,729			4,382			7,822
101% to 125% and refreshed FICO scores:
Equal to or greater than 660	4,352			4,966			2,045			2,968			408			434			2,175			3,281			8,980			11,649
Less than 660	1,924			2,098			1,523			1,983			1,124			1,256			2,569			3,200			7,140			8,537
80% to 100% and refreshed FICO scores:
Equal to or greater than 660	4,183			3,531			2,728			1,872			496			416			3,906			3,794			11,313			9,613
Less than 660	1,621			1,305			1,719			1,378			1,236			1,182			3,152			2,974			7,728			6,839
Lower than 80% and refreshed FICO scores:
Equal to or greater than 660	3,602			2,524			1,903			1,356			375			255			4,020			2,624			9,900			6,759
Less than 660	1,411			1,067			1,667			1,400			1,249			1,108			3,133			2,392			7,460			5,967
Total unpaid principal balance	$	21,092		$	22,343		$	13,004		$	13,884		$	5,966		$	6,326		$	21,109		$	22,591		$	61,171		$	65,144
Geographic region (based on unpaid principal balance)
California	$	12,717		$	13,493		$	7,380		$	7,877		$	1,373		$	1,444		$	11,176		$	11,889		$	32,646		$	34,703
New York	1,020			1,067			877			927			622			649			1,318			1,404			3,837			4,047
Illinois	476			502			401			433			314			338			547			587			1,738			1,860
Florida	1,960			2,054			942			1,023			601			651			2,210			2,480			5,713			6,208
Texas	357			385			136			148			351			368			112			118			956			1,019
New Jersey	402			423			376			401			244			260			802			854			1,824			1,938
Arizona	384			408			202			215			100			105			290			305			976			1,033
Washington	1,144			1,215			293			328			124			142			508			563			2,069			2,248
Michigan	66			70			203			211			154			163			222			235			645			679
Ohio	25			27			66			71			93			100			84			89			268			287
All other	2,541			2,699			2,128			2,250			1,990			2,106			3,840			4,067			10,499			11,122
Total unpaid principal balance	$	21,092		$	22,343		$	13,004		$	13,884		$	5,966		$	6,326		$	21,109		$	22,591		$	61,171		$	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.

Approximately 21% of the PCI home equity portfolio are senior lien loans; the remaining balance are junior lien HELOANs or HELOCs. 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 June 30, 2013, and December 31, 2012.

	Delinquencies
June 30, 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)	$	279	$	123	$	567	$	13,980	6.93	%
Beyond the revolving period(c)	40		14		56		1,649		6.67
HELOANs	28		13		40		983		8.24
Total	$	347	$	150	$	663	$	16,612	6.98	%

	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) Includes loans modified into fixed rate amortizing loans.

The table below sets forth the accretable yield activity for the Firm’s PCI consumer loans for the three and six months endedJune 30, 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 June 30,						Six months ended June 30,
	2013			2012			2013			2012
Beginning balance	$	19,464		$	19,717		$	18,457		$	19,072
Accretion into interest income	(565		)	(638		)	(1,138		)	(1,296		)
Changes in interest rates on variable-rate loans	49			(33		)	(110		)	(173		)
Other changes in expected cash flows(a)	(342		)	521			1,397			1,964
Balance at June 30	$	18,606		$	19,567		$	18,606		$	19,567
Accretable yield percentage	4.38		%	4.45		%	4.36		%	4.47		%

(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 endedJune 30, 2013, other changes in expected cash flows were predominantly driven by changes in prepayment assumptions. For the six months endedJune 30, 2013, other changes in expected cash flows were due to refining the expected interest cash flows on HELOCs with balloon payments, partially offset by changes in prepayment assumptions. For the three and six months endedJune 30, 2012, other changes in expected cash flows were principally driven by the impact of modifications, but also related to changes in prepayment assumptions.

The factors that most significantly affect estimates of gross cash flows expected to be collected, and accordingly the accretable yield balance, include: (i) changes in the benchmark interest rate indices for variable-rate products such as option ARM and home equity loans; and (ii) changes in prepayment assumptions.

Since the date of acquisition, the decrease in the accretable yield percentage has been primarily related to a decrease in interest rates on variable-rate loans and, to a lesser extent, extended loan liquidation periods. Certain events, such as extended or shortened loan liquidation periods, affect the timing of expected cash flows and the accretable yield percentage, but not the amount of cash expected to be received (i.e., the accretable yield balance). While extended loan liquidation periods reduce the accretable yield percentage (because the same accretable yield balance is recognized against a higher-than-expected loan balance over a longer-than-expected period of time), shortened loan liquidation periods would have the opposite effect.

Credit card

Loans and Leases Receivable Disclosure [Line Items]

Loans, Notes, Trade and Other Receivables, Excluding Allowance for Credit Losses [Text Block]

Credit card loan portfolio

The Credit card portfolio segment includes credit card loans originated and purchased by the Firm. Delinquency rates are the primary credit quality indicator for credit card loans as they provide an early warning that borrowers may be experiencing difficulties (30 days past due); information on those borrowers that have been delinquent for a longer period of time (90 days past due) is also considered. In addition to delinquency rates, the geographic distribution of the loans provides insight as to the credit quality of the portfolio based on the regional economy.

While the borrower’s credit score is another general indicator of credit quality, because the borrower’s credit score tends to be a lagging indicator, the Firm does not view credit scores as a primary indicator of credit quality. However, the distribution of such scores provides a general indicator of credit quality trends within the portfolio. Refreshed FICO score information for a statistically significant random sample of the credit card portfolio is indicated in the table below; FICO is considered to be the industry benchmark for credit scores. For more information on credit quality indicators, see Note 14 on pages 250–275 of JPMorgan Chase’s 2012Annual Report.

The Firm generally originates new card accounts to prime consumer borrowers. However, certain cardholders’ FICO scores may decrease over time, depending on the performance of the cardholder and changes in credit score technology.

The table below sets forth information about the Firm’s credit card loans.

(in millions, except ratios)	Jun 30, 2013			Dec 31, 2012
Loan delinquency
Current and less than 30 days past due and still accruing	$	122,190		$	125,309
30–89 days past due and still accruing	1,073			1,381
90 or more days past due and still accruing	1,024			1,302
Nonaccrual loans	1			1
Total retained credit card loans	$	124,288		$	127,993
Loan delinquency ratios
% of 30+ days past due to total retained loans	1.69		%	2.10		%
% of 90+ days past due to total retained loans	0.82			1.02
Credit card loans by geographic region
California	$	16,670		$	17,115
New York	10,146			10,379
Texas	10,084			10,209
Illinois	7,260			7,399
Florida	6,961			7,231
New Jersey	5,351			5,503
Ohio	4,808			4,956
Pennsylvania	4,377			4,549
Michigan	3,604			3,745
Virginia	3,080			3,193
All other	51,947			53,714
Total retained credit card loans	$	124,288		$	127,993
Percentage of portfolio based on carrying value with estimated refreshed FICO scores(a)
Equal to or greater than 660	85.2		%	84.1		%
Less than 660	14.8			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.

Credit card impaired loans and loan modifications

For a detailed discussion of impaired credit card loans, including credit card loan modifications, see Note 14 on pages 250–275 of JPMorgan Chase’s 2012Annual Report.

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)	Jun 30, 2013		Dec 31, 2012
Impaired credit card loans with an allowance(a)(b)
Credit card loans with modified payment terms(c)	$	3,407	$	4,189
Modified credit card loans that have reverted to pre-modification payment terms(d)	450		573
Total impaired credit card loans	$	3,857	$	4,762
Allowance for loan losses related to impaired credit card loans	$	1,227	$	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 June 30, 2013, and December 31, 2012, $264 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 $186 million and $232 million at June 30, 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.

The following table presents average balances of impaired credit card loans and interest income recognized on those loans.

	Three months ended June 30,				Six months ended June 30,
(in millions)	2013		2012		2013		2012
Average impaired credit card loans	$	4,070	$	6,196	$	4,294	$	6,520
Interest income on impaired credit card loans	52		80		110		169

Loan modifications

JPMorgan Chase may offer one of a number of loan modification programs to credit card borrowers who are experiencing financial difficulty. Most of the credit card loans have been modified under long-term programs for borrowers who are experiencing financial difficulties. Modifications under long-term programs involve placing the customer on a fixed payment plan, generally for 60 months. The Firm may also offer short-term programs for borrowers who may be in need of temporary relief; however, none are currently being offered. Modifications under all short- and long-term programs typically include reducing the interest rate on the credit card. Substantially all modifications are considered to be TDRs.

If the cardholder does not comply with the modified payment terms, then the credit card loan agreement reverts back to its pre-modification payment terms. Assuming that the cardholder does not begin to perform in accordance with those payment terms, the loan continues to age and will ultimately be charged-off in accordance with the Firm’s standard charge-off policy. In addition, if a borrower successfully completes a short-term modification program, then the loan reverts back to its pre-modification payment terms. However, in most cases, the Firm does not reinstate the borrower’s line of credit.

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 June 30,				Six months ended June 30,
(in millions)	2013		2012		2013		2012
Short-term programs	$	—	$	16	$	—	$	47
Long-term programs	288		408		627		888
Total new enrollments	$	288	$	424	$	627	$	935

Financial effects of modifications and redefaults

The following table provides information about the financial effects of the concessions granted on credit card loans modified in TDRs and redefaults for the periods presented.

(in millions, except weighted-average data)	Three months ended June 30,						Six months ended June 30,
	2013			2012			2013			2012
Weighted-average interest rate of loans – before TDR	15.38		%	15.25		%	15.44		%	15.91		%
Weighted-average interest rate of loans – after TDR	4.27			5.17			4.88			5.36
Loans that redefaulted within one year of modification(a)	$	41		$	81		$	85		$	178

(a) Represents loans modified in TDRs that experienced a payment default in the periods 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.

For credit card loans modified in TDRs, payment default is deemed to have occurred when the loans become two payments past due. A substantial portion of these loans is expected to be charged-off in accordance with the Firm’s standard charge-off policy. Based on historical experience, the estimated weighted-average default rate was expected to be 33.54% for credit card loans modified as of June 30, 2013, and 38.23% for credit card loans modified as of December 31, 2012.

Wholesale

Loans and Leases Receivable Disclosure [Line Items]

Loans, Notes, Trade and Other Receivables, Excluding Allowance for Credit Losses [Text Block]

Wholesale loan portfolio

Wholesale loans include loans made to a variety of customers, ranging from large corporate and institutional clients to high-net-worth individuals. The primary credit quality indicator for wholesale loans is the risk rating assigned each loan. For further information on these risk ratings, see Notes 14 and 15 on pages 250–279 of JPMorgan Chase’s 2012Annual Report.

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)	Jun 30, 2013			Dec 31, 2012			Jun 30, 2013			Dec 31, 2012
Loans by risk ratings
Investment-grade	$	64,602		$	61,870		$	46,400		$	41,796
Noninvestment-grade:
Noncriticized	42,775			44,651			13,847			14,567
Criticized performing	2,662			2,636			3,138			3,857
Criticized nonaccrual	321			708			451			520
Total noninvestment-grade	45,758			47,995			17,436			18,944
Total retained loans	$	110,360		$	109,865		$	63,836		$	60,740
% of total criticized to total retained loans	2.70		%	3.04		%	5.62		%	7.21		%
% of nonaccrual loans to total retained loans	0.29			0.64			0.71			0.86
Loans by geographic distribution(a)
Total non-U.S.	$	36,300		$	35,494		$	1,458		$	1,533
Total U.S.	74,060			74,371			62,378			59,207
Total retained loans	$	110,360		$	109,865		$	63,836		$	60,740
Loan delinquency(b)
Current and less than 30 days past due and still accruing	$	109,825		$	109,019		$	63,276		$	59,829
30–89 days past due and still accruing	207			119			79			322
90 or more days past due and still accruing(c)	7			19			30			69
Criticized nonaccrual	321			708			451			520
Total retained loans	$	110,360		$	109,865		$	63,836		$	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 2012Annual 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 2012Annual Report for additional information on SPEs.

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 2012Annual Report.

(in millions, except ratios)	Multifamily						Commercial lessors
	Jun 30, 2013			Dec 31, 2012			Jun 30, 2013			Dec 31, 2012
Real estate retained loans	$	40,823		$	38,030		$	15,022		$	14,668
Criticized exposure	1,655			2,118			1,660			1,951
% of criticized exposure to total real estate retained loans	4.05		%	5.57		%	11.05		%	13.30		%
Criticized nonaccrual	$	232		$	249		$	182		$	207
% of criticized nonaccrual to total real estate retained loans	0.57		%	0.65		%	1.21		%	1.41		%

(table continued from previous page)

Financial  institutions						Government agencies						Other(d)						Total  retained loans
Jun 30, 2013			Dec 31, 2012			Jun 30, 2013			Dec 31, 2012			Jun 30, 2013			Dec 31, 2012			Jun 30, 2013			Dec 31, 2012
$	30,698		$	22,064		$	8,470		$	9,183		$	75,250		$	79,533		$	225,420		$	214,446
8,681			13,760			221			356			9,953			9,914			75,477			83,248
314			395			3			5			193			201			6,310			7,094
15			8			—			—			214			198			1,001			1,434
9,010			14,163			224			361			10,360			10,313			82,788			91,776
$	39,708		$	36,227		$	8,694		$	9,544		$	85,610		$	89,846		$	308,208		$	306,222
0.83		%	1.11		%	0.03		%	0.05		%	0.48		%	0.44		%	2.37		%	2.78		%
0.04			0.02			—			—			0.25			0.22			0.32			0.47
$	27,680		$	26,326		$	1,186		$	1,582		$	40,473		$	39,421		$	107,097		$	104,356
12,028			9,901			7,508			7,962			45,137			50,425			201,111			201,866
$	39,708		$	36,227		$	8,694		$	9,544		$	85,610		$	89,846		$	308,208		$	306,222
$	39,632		$	36,151		$	8,692		$	9,516		$	84,585		$	88,177		$	306,010		$	302,692
55			62			2			28			761			1,427			1,104			1,958
6			6			—			—			50			44			93			138
15			8			—			—			214			198			1,001			1,434
$	39,708		$	36,227		$	8,694		$	9,544		$	85,610		$	89,846		$	308,208		$	306,222

(table continued from previous page)

Commercial construction and development						Other						Total real estate loans
Jun 30, 2013			Dec 31, 2012			Jun 30, 2013			Dec 31, 2012			Jun 30, 2013			Dec 31, 2012
$	3,202		$	2,989		$	4,789		$	5,053		$	63,836		$	60,740
92			119			182			189			3,589			4,377
2.87		%	3.98		%	3.80		%	3.74		%	5.62		%	7.21		%
$	7		$	21		$	30		$	43		$	451		$	520
0.22		%	0.70		%	0.63		%	0.85		%	0.71		%	0.86		%

Wholesale impaired loans and loan modifications

Wholesale impaired loans are comprised of loans that have been placed on nonaccrual status and/or that have been modified in a troubled debt restructuring (“TDR”). All impaired loans are evaluated for an asset-specific allowance as described in Note 14 on page 176 of this Form 10-Q.

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
	Jun 30, 2013		Dec 31, 2012		Jun 30, 2013		Dec 31, 2012		Jun 30, 2013		Dec 31, 2012		Jun 30, 2013		Dec 31, 2012		Jun 30, 2013		Dec 31, 2012		Jun 30, 2013		Dec 31, 2012
Impaired loans
With an allowance	$	285	$	588	$	334	$	375	$	13	$	6	$	—	$	—	$	179	$	122	$	811	$	1,091
Without an allowance(a)	44		173		133		133		2		2		—		—		42		76		221		384
Totalimpaired loans	$	329	$	761	$	467	$	508	$	15	$	8	$	—	$	—	$	221	$	198	$	1,032	$	1,475
Allowance for loan losses related to impaired loans	$	104	$	205	$	74	$	82	$	10	$	2	$	—	$	—	$	40	$	30	$	228	$	319
Unpaid principal balance of impaired loans(b)	445		957		670		626		15		22		—		—		297		318		1,427		1,923

(a) When the discounted cash flows, collateral value or market price equals or exceeds the recorded investment in the loan, 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 June 30, 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.

The following table presents the Firm’s average impaired loans for the periods indicated.

	Three months ended June 30,				Six months ended June 30,
(in millions)	2013		2012		2013		2012
Commercial and industrial	$	387	$	892	$	496	$	905
Real estate	518		850		526		865
Financial institutions	11		20		9		24
Government agencies	—		12		—		14
Other	226		299		225		347
Total(a)	$	1,142	$	2,073	$	1,256	$	2,155

(a) The related interest income on accruing impaired loans and interest income recognized on a cash basis were not material for the three and six months endedJune 30, 2013 and 2012.

Loan modifications

Certain loan modifications are considered to be TDRs as they provide various concessions to borrowers who are experiencing financial difficulty. All TDRs are reported as impaired loans in the tables above. For further information, see Note 14 on page 252 and pages 274–275 of JPMorgan Chase’s 2012Annual Report.

The following tables provide 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 June 30, (in millions)	Commercial and industrial						Real estate						Other(b)						Total
	2013			2012			2013			2012			2013			2012			2013			2012
Beginning balance of TDRs	$	254		$	419		$	124		$	148		$	43		$	97		$	421		$	664
New TDRs	27			$	52		10			7			15			3			52			62
Increases to existing TDRs	1			19			—			—			—			—			1			19
Charge-offs post-modification	—			(6		)	—			—			—			(7		)	—			(13		)
Sales and other(a)	(173		)	(20		)	(23		)	(34		)	(24		)	(63		)	(220		)	(117		)
Ending balance of TDRs	$	109		$	464		$	111		$	121		$	34		$	30		$	254		$	615
Six months ended June 30, (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	41			$	56		41			10			37			66			119			132
Increases to existing TDRs	4			20			—			—			—			—			4			20
Charge-offs post-modification	(1		)	(15		)	(3		)	(2		)	—			(7		)	(4		)	(24		)
Sales and other(a)	(510		)	(128		)	(26		)	(63		)	(25		)	(72		)	(561		)	(263		)
Ending balance of TDRs	$	109		$	464		$	111		$	121		$	34		$	30		$	254		$	615
TDRs on nonaccrual status	$	102		$	341		$	82		$	88		$	27		$	29		$	211		$	458
Additional commitments to lend to borrowers whose loans have been modified in TDRs	22			201			—			—			1			—			23			201

(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 $17 million during the three months endedJune 30, 2013 and 2012, respectively, and zero and $40 million during the six months endedJune 30, 2013 and 2012, respectively. Loans that have been removed continue to be evaluated along with other impaired loans to determine the asset-specific component of the allowance for loan losses (see Note 15 on pages 276–279 of JPMorgan Chase’s 2012Annual Report).

(b) Includes loans to Financial institutions, Government agencies and Other.

Financial effects of modifications and redefaults

Wholesale loans modified as TDRs are typically term or payment extensions and, to a lesser extent, deferrals of principal and/or interest on commercial and industrial and real estate loans. For the three months endedJune 30, 2013 and 2012, the average term extension granted on wholesale loans with term or payment extensions was 0.9 years and 1.3 years, respectively. The weighted-average remaining term for all wholesale loans modified during these periods was 1.4 years and 2.8 years, respectively. Wholesale TDR loans that redefaulted within one year of the modification were $1 million and $5 million during the three months endedJune 30, 2013 and 2012, respectively. For the six months endedJune 30, 2013 and 2012, the average term extension granted on wholesale loans with term or payment extensions was 2.1 years and 1.3 years, respectively. The weighted-average remaining term for all wholesale loans modified during these periods was 1.6 years and 3.6 years, respectively. Wholesale TDR loans that redefaulted within one year of the modification were $1 million and $52 million during the six months endedJune 30, 2013 and 2012, respectively. A payment default is deemed to occur when the borrower has not made a loan payment by its scheduled due date after giving effect to any contractual grace period.