The table below presents both on–balance sheet and off–balance sheet consumer and wholesale-related credit exposure by the Firm’s three credit portfolio segments as of December 31, 2016 and 2015.



	2016								2015
	Credit exposure		On-balance sheet				Off-balance sheet^(g)		Credit exposure		On-balance sheet				Off-balance sheet^(g)
December 31, (in millions)			Loans		Derivatives						Loans		Derivatives
Consumer, excluding credit card	$	419,441	$	364,644	$	—	$	54,797	$	403,299	$	344,821	$	—	$	58,478
Receivables from customers^(a)	120		—		—		—		125		—		—		—
Total Consumer, excluding credit card	419,561		364,644		—		54,797		403,424		344,821		—		58,478
Credit Card	695,707		141,816		—		553,891		646,981		131,463		—		515,518
Total consumer-related	1,115,268		506,460		—		608,688		1,050,405		476,284		—		573,996
Wholesale-related^(b)
Real Estate	135,041		106,315		222		28,504		116,857		92,820		312		23,725
Consumer & Retail	85,435		29,842		1,082		54,511		85,460		27,175		1,573		56,712
Technology, Media & Telecommunications	62,950		13,845		1,227		47,878		57,382		11,079		1,032		45,271
Industrials	55,449		17,150		1,615		36,684		54,386		16,791		1,428		36,167
Healthcare	47,866		15,120		2,277		30,469		46,053		16,965		2,751		26,337
Banks & Finance Cos	44,614		19,460		12,232		12,922		43,398		20,401		10,218		12,779
Oil & Gas	40,099		13,079		1,878		25,142		42,077		13,343		1,902		26,832
Asset Managers	31,886		10,539		10,819		10,528		23,815		6,703		7,733		9,379
Utilities	29,622		7,183		883		21,556		30,853		5,294		1,689		23,870
State & Municipal Govt^(c)	28,263		12,416		2,096		13,751		29,114		9,626		3,287		16,201
Central Govt	20,408		3,964		14,235		2,209		17,968		2,000		13,240		2,728
Transportation	19,029		8,942		751		9,336		19,227		9,157		1,575		8,495
Automotive	16,635		4,943		1,190		10,502		13,864		4,473		1,350		8,041
Chemicals & Plastics	14,988		5,287		271		9,430		15,232		4,033		369		10,830
Metals & Mining	13,419		4,350		439		8,630		14,049		4,622		607		8,820
Insurance	13,151		947		3,382		8,822		11,889		1,094		1,992		8,803
Financial Markets Infrastructure	8,732		347		3,884		4,501		7,973		724		2,602		4,647
Securities Firms	3,867		794		1,913		1,160		4,412		861		1,424		2,127
All other^(d)	144,428		109,267		3,682		31,479		149,117		109,889		4,593		34,635
Subtotal	815,882		383,790		64,078		368,014		783,126		357,050		59,677		366,399
Loans held-for-sale and loans at fair value	4,515		4,515		—		—		3,965		3,965		—		—
Receivables from customers and other^(a)	17,440		—		—		—		13,372		—		—		—
Total wholesale-related	837,837		388,305		64,078		368,014		800,463		361,015		59,677		366,399
Total exposure^(e)(f)	$	1,953,105	$	894,765	$	64,078	$	976,702	$	1,850,868	$	837,299	$	59,677	$	940,395


(a)	Receivables from customers primarily represent margin loans to brokerage customers that are collateralized through assets maintained in the clients’ brokerage accounts, as such no allowance is held against these receivables. These receivables are reported within accrued interest and accounts receivable on the Firm’s Consolidated balance sheets.


(b)	The industry rankings presented in the table as of December 31, 2015, are based on the industry rankings of the corresponding exposures at December 31, 2016, not actual rankings of such exposures at December 31, 2015.

(c)

In addition to the credit risk exposure to states and municipal governments (both U.S. and non-U.S.) at December 31, 2016 and 2015, noted above, the Firm held: $9.1 billion and 7.6 billion, respectively, of trading securities; $31.6 billion and $33.6 billion, respectively, of AFS securities; and $14.5 billion and $12.8 billion, respectively, of HTM securities, issued by U.S. state and municipal governments. For further information, see Note 3 and Note 12.


(d)	All other includes: individuals; SPEs; holding companies; and private education and civic organizations. For more information on exposures to SPEs, see Note 16.


(e)	For further information regarding on–balance sheet credit concentrations by major product and/or geography, see Note 6 and Note 14. For information regarding concentrations of off–balance sheet lending-related financial instruments by major product, see Note 29.


(f)	Excludes cash placed with banks of $380.2 billion and $351.0 billion, at December 31, 2016 and 2015, respectively, which is predominantly placed with various central banks, primarily Federal Reserve Banks


(g)	Represents lending-related financial instruments.