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Allowance for Credit Losses (Tables)
 9 Months Ended
Sep. 30, 2023
Credit Loss [Abstract]  
Allowance for credit losses on financing receivables
The table below summarizes information about the allowances for credit losses and includes a breakdown of loans and lending-related commitments by impairment methodology. Refer to Note 10 of JPMorgan Chase’s 2022 Form 10-K and Note 10 of this Form 10-Q for further information on the allowance for credit losses on investment securities.
2023
2022
Nine months ended September 30,
(in millions)		Consumer, excluding
credit card		Credit cardWholesaleTotalConsumer, excluding credit cardCredit cardWholesaleTotal
Allowance for loan losses
Beginning balance at January 1,$2,040 $11,200 $6,486 $19,726 $1,765 $10,250 $4,371 $16,386 
Cumulative effect of a change in accounting principle(a)
(489)(100)2 (587)NANANANA
Gross charge-offs809 3,852 435 5,096 590 2,294 232 3,116 
Gross recoveries collected(388)(579)(84)(1,051)(441)(616)(93)(1,150)
Net charge-offs/(recoveries)421 3,273 351 4,045 149 1,678 139 1,966 
Provision for loan losses723 4,073 2,047 6,843 202 1,828 1,733 3,763 
Other
1 — 8 9 1 — 1 2 
Ending balance at September 30,$1,854 $11,900 $8,192 $21,946 $1,819 $10,400 $5,966 $18,185 
Allowance for lending-related commitments
Beginning balance at January 1,
$76 $— $2,306 $2,382 $113 $— $2,148 $2,261 
Provision for lending-related commitments
5 — (313)(308)(36)— 325 289 
Other
— — 1 1 — — 1 1 
Ending balance at September 30,$81 $— $1,994 $2,075 $77 $— $2,474 $2,551 
Total allowance for investment securities117 NANANA61 
Total allowance for credit losses(b)(c)
$1,935 $11,900 $10,186 $24,138 $1,896 $10,400 $8,440 $20,797 
Allowance for loan losses by impairment methodology
Asset-specific(d)
$(942)$— $732 $(210)$(702)$218 $450 $(34)
Portfolio-based2,796 11,900 7,460 22,156 2,521 10,182 5,516 18,219 
Total allowance for loan losses$1,854 $11,900 $8,192 $21,946 $1,819 $10,400 $5,966 $18,185 
Loans by impairment methodology
Asset-specific(d)
$3,321 $— $2,402 $5,723 $12,218 $794 $2,282 $15,294 
Portfolio-based393,733 196,935 669,550 1,260,218 289,185 169,668 593,926 1,052,779 
Total retained loans$397,054 $196,935 $671,952 $1,265,941 $301,403 $170,462 $596,208 $1,068,073 
Collateral-dependent loans
Net charge-offs$4 $— $127 $131 $(29)$— $13 $(16)
Loans measured at fair value of collateral less cost to sell
3,384 — 1,074 4,458 3,718 — 537 4,255 
Allowance for lending-related commitments by impairment methodology
Asset-specific
$— $— $61 $61 $— $— $84 $84 
Portfolio-based
81 — 1,933 2,014 77 — 2,390 2,467 
Total allowance for lending-related commitments(e)
$81 $— $1,994 $2,075 $77 $— $2,474 $2,551 
Lending-related commitments by impairment methodology
Asset-specific
$— $— $387 $387 $— $— $470 $470 
Portfolio-based(f)
30,245 — 514,937 545,182 22,259 — 452,530 474,789 
Total lending-related commitments
$30,245 $— $515,324 $545,569 $22,259 $— $453,000 $475,259 
(a)Represents the impact to the allowance for loan losses upon the adoption of the Financial Instruments - Credit Losses: Troubled Debt Restructurings accounting guidance.
(b)At September 30, 2023 and 2022, in addition to the allowance for credit losses in the table above, the Firm also had an allowance for credit losses of $17 million and $30 million, respectively, associated with certain accounts receivable in CIB.
(c)As of September 30, 2023 included $1.2 billion allowance for credit losses associated with First Republic.
(d)Includes collateral-dependent loans, including those for which foreclosure is deemed probable, and nonaccrual risk-rated loans for all periods presented. Prior periods also include non collateral-dependent TDRs or reasonably expected TDRs and modified PCD loans.
(e)The allowance for lending-related commitments is reported in accounts payable and other liabilities on the Consolidated balance sheets.
(f)At September 30, 2023 and 2022, lending-related commitments excluded $18.1 billion and $12.6 billion, respectively, for the consumer, excluding credit card portfolio segment; $898.9 billion and $798.9 billion, respectively, for the credit card portfolio segment; and $16.2 billion and $20.0 billion, respectively, for the wholesale portfolio segment, which were not subject to the allowance for lending-related commitments. Prior period amount for wholesale lending-related commitments, including the amount not subject to allowance, has been revised to conform with the current presentation.
U.S. unemployment rates and cumulative change in U.S. real GDP
The Firm’s central case assumptions reflected U.S. unemployment rates and U.S. real GDP as follows:
Assumptions at September 30, 2023
4Q232Q244Q24
U.S. unemployment rate(a)
3.9 %4.2 %4.6 %
YoY growth in U.S. real GDP(b)
2.1 %1.2 %0.7 %
Assumptions at December 31, 2022
2Q234Q232Q24
U.S. unemployment rate(a)
3.8 %4.3 %5.0 %
YoY growth in U.S. real GDP(b)
1.5 %0.4 %— %
(a)Reflects quarterly average of forecasted U.S. unemployment rate.
(b)The year over year growth in U.S. real GDP in the forecast horizon of the central scenario is calculated as the percentage change in U.S. real GDP levels from the prior year.