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Allowance for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 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 for further information on the allowance for credit losses on investment securities.
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2023
Year ended December 31,
(in millions)		Consumer,
excluding
credit card		Credit cardWholesaleTotal
Allowance for loan losses
Beginning balance at January 1,$2,040 $11,200 $6,486 $19,726 
Cumulative effect of a change in accounting principle(a)
(489)(100)2 (587)
Gross charge-offs1,151 

5,491 1,011 7,653 
Gross recoveries collected(519)(793)(132)(1,444)
Net charge-offs632 

4,698 879 6,209 
Provision for loan losses936 6,048 2,484 9,468 
Other
1 

— 21 22 
Ending balance at December 31,$1,856 $12,450 $8,114 $22,420 
Allowance for lending-related commitments
Beginning balance at January 1,
$76 $— $2,306 $2,382 
Cumulative effect of a change in accounting principle(a)
— NA— NA
Provision for lending-related commitments
(1)— (407)(408)
Other
— — — — 
Ending balance at December 31,$75 $— $1,899 $1,974 
Total allowance for investment securitiesNANANA$128 
Total allowance for credit losses(b)(c)
$1,931 $12,450 $10,013 $24,522 
Allowance for loan losses by impairment methodology
Asset-specific(d)
$(876)$— $392 $(484)
Portfolio-based2,732 12,450 7,722 22,904 
Total allowance for loan losses$1,856 $12,450 $8,114 $22,420 
Loans by impairment methodology
Asset-specific(d)
$3,287 $— $2,338 $5,625 
Portfolio-based393,988 211,123 670,134 1,275,245 
Total retained loans$397,275 $211,123 $672,472 $1,280,870 
Collateral-dependent loans
Net charge-offs$6 

$— $180 $186 
Loans measured at fair value of collateral less cost to sell
3,216 — 1,012 4,228 
Allowance for lending-related commitments by impairment methodology
Asset-specific
$— $— $89 $89 
Portfolio-based75 — 1,810 1,885 
Total allowance for lending-related commitments(e)
$75 $— $1,899 $1,974 
Lending-related commitments by impairment methodology
Asset-specific
$— $— $464 $464 
Portfolio-based(f)
28,248 — 516,577 544,825 
Total lending-related commitments
$28,248 $— $517,041 $545,289 
(a)Represents the impact to the allowance for loan losses upon the adoption of the Financial Instruments - Credit Losses: Troubled Debt Restructurings accounting guidance. Refer to Note 1 for further information.
(b)At December 31, 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 $243 million and $21 million, respectively, associated with certain accounts receivable in CIB.
(c)As of December 31, 2023, included the 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 December 31, 2023, 2022 and 2021, lending-related commitments excluded $17.2 billion, $13.1 billion and $15.7 billion, respectively, for the consumer, excluding credit card portfolio segment; $915.7 billion, $821.3 billion and $730.5 billion, respectively, for the credit card portfolio segment; and $19.7 billion, $9.8 billion and $32.1 billion, respectively, for the wholesale portfolio segment, which were not subject to the allowance for lending-related commitments.
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20222021
Consumer,
excluding
credit card		Credit cardWholesaleTotalConsumer,
excluding
credit card		Credit cardWholesaleTotal
$1,765 $10,250 $4,371 $16,386 $3,636 $17,800 $6,892 $28,328 
NANANANANANANANA
812 3,192 322 4,326 630 3,651 283 4,564 
(543)(789)(141)(1,473)(619)(939)(141)(1,699)
269 2,403 181 2,853 11 2,712 142 2,865 
543 3,353 2,293 6,189 (1,858)(4,838)(2,375)(9,071)
1 — 3 4 (2)— (4)(6)
$2,040 $11,200 $6,486 $19,726 $1,765 $10,250 $4,371 $16,386 
$113 $— $2,148 $2,261 $187 $— $2,222 $2,409 
NANANANANANANANA
(37)— 157 120 (75)— (74)(149)
— — 1 1 1 — — 1 
$76 $— $2,306 $2,382 $113 $— $2,148 $2,261 
NANANA$96NANANA$42 
$2,116 $11,200 $8,792 $22,204 $1,878 $10,250 $6,519 $18,689 
$(624)$223 $467 $66 $(665)$313 $263 $(89)
2,664 10,977 6,019 19,660 2,430 9,937 4,108 16,475 
$2,040 $11,200 $6,486 $19,726 $1,765 $10,250 $4,371 $16,386 
$11,978 $796 $2,189 $14,963 $13,919 $987 $2,255 $17,161 
288,775 184,379 601,481 1,074,635 281,637 153,309 558,099 993,045 
$300,753 $185,175 $603,670 $1,089,598 $295,556 $154,296 $560,354 $1,010,206 
$(33)$— $16 $(17)$33 $— $38 $71 
3,585 — 464 4,049 4,472 — 617 5,089 
$— $— $90 $90 $— $— $167 $167 
76 — 2,216 2,292 113 — 1,981 2,094 
$76 $— $2,306 $2,382 $113 $— $2,148 $2,261 
$— $— $455 $455 $— $— $764 $764 
20,423 — 461,688 

482,111 29,588 — 453,571 483,159 
$20,423 $— $462,143 $482,566 $29,588 $— $454,335 $483,923 
U.S. unemployment rates and cumulative change in U.S. real GDP
The following table presents the Firm’s central case assumptions for the periods presented:
Central case assumptions
at December 31, 2023
2Q244Q242Q25
U.S. unemployment rate(a)
4.1 %4.4 %4.1 %
YoY growth in U.S. real GDP(b)
1.8 %0.7 %1.0 %
Central case 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.