Loans (Tables)

6 Months Ended

Jun. 30, 2024

Receivables [Abstract]

Loan portfolio segment descriptions

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	Credit card	Wholesale(c)(d)
• Residential real estate(a) • Auto and other(b)	• Credit card loans	• Secured by real estate • Commercial and industrial • Other(e)

(a)Includes scored mortgage and home equity loans held in CCB and AWM, and scored mortgage loans held in CIB.

(b)Includes scored auto, business banking and consumer unsecured loans as well as overdrafts, primarily in CCB.

(c)Includes loans held in CIB, AWM, Corporate, and risk-rated exposure held in CCB, for which the wholesale methodology is applied when determining the allowance for loan losses.

(d)The wholesale portfolio segment's classes align with loan classifications as defined by the bank regulatory agencies, based on the loan's collateral, purpose, and type of borrower.

(e)Includes loans to SPEs, financial institutions, personal investment companies and trusts, individuals and individual entities (predominantly Global Private Bank clients within AWM and J.P. Morgan Wealth Management within CCB), states and political subdivisions, as well as loans to nonprofits. Refer to Note 14 of JPMorgan Chase’s 2023 Form 10-K for more information on SPEs.

Loans by portfolio segment

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

June 30, 2024	Consumer, excluding credit card		Credit card		Wholesale		Total(a)(b)
(in millions)
Retained	$	382,795	$	216,100	$	674,152	$	1,273,047
Held-for-sale	1,366		—		8,037		9,403
At fair value	12,794		—		25,456		38,250
Total	$	396,955	$	216,100	$	707,645	$	1,320,700
December 31, 2023	Consumer, excluding credit card		Credit card		Wholesale		Total(a)(b)
(in millions)
Retained	$	397,275	$	211,123	$	672,472	$	1,280,870
Held-for-sale	487		—		3,498		3,985
At fair value	12,331		—		26,520		38,851
Total	$	410,093	$	211,123	$	702,490	$	1,323,706

(a)Excludes $6.7 billion and $6.8 billion of accrued interest receivables as of June 30, 2024 and December 31, 2023, respectively. Accrued interest receivables written off were not material for the three and six months ended June 30, 2024 and 2023.

(b)Loans (other than those for which the fair value option has been elected) are presented net of unamortized discounts and premiums and net deferred loan fees or costs. These amounts were not material as of June 30, 2024 and December 31, 2023. For the discount associated with First Republic loans, refer to Note 26 on pages 188–190.

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

(in millions)	June 30, 2024		December 31, 2023
Residential real estate	$	314,843	$	326,409
Auto and other	67,952		70,866
Total retained loans	$	382,795	$	397,275

Retained loans purchased, sold and reclassified to held-for-sale

The following tables provide information about the carrying value of retained loans purchased, sold and reclassified to held-for-sale during the periods indicated. Loans that were reclassified to held-for-sale and sold in a subsequent period are excluded from the sales line of this table.

	2024									2023
Three months ended June 30, (in millions)	Consumer, excluding credit card			Credit card		Wholesale		Total		Consumer, excluding credit card			Credit card		Wholesale			Total
Purchases	$	232	(b)(c)	$	—	$	193	$	425	$	92,002	(b)(c)(d)	$	—	$	58,398	(d)	$	150,400
Sales	4,602			—		10,954		15,556		438			—		9,709			10,147
Retained loans reclassified to held-for-sale(a)	182			—		363		545		81			—		771			852
	2024									2023
Six months ended June 30, (in millions)	Consumer, excluding credit card			Credit card		Wholesale		Total		Consumer, excluding credit card			Credit card		Wholesale			Total
Purchases	$	356	(b)(c)	$	—	$	354	$	710	$	92,081	(b)(c)(d)	$	—	$	58,561	(d)	$	150,642
Sales	7,966			—		20,536		28,502		438			—		18,880			19,318
Retained loans reclassified to held-for-sale(a)	1,169			—		548		1,717		124			—		1,085			1,209

(a)Reclassifications of loans to held-for-sale are non-cash transactions.

(b)Includes purchases of residential real estate loans, including the Firm’s voluntary repurchases of certain delinquent loans from loan pools as permitted by Government National Mortgage Association (“Ginnie Mae”) guidelines for the three and six months ended June 30, 2024 and 2023. The Firm typically elects to repurchase these delinquent loans as it continues to service them and/or manage the foreclosure process in accordance with applicable requirements of Ginnie Mae, FHA, RHS, and/or VA.

(c)Excludes purchases of retained loans of $80 million and $1.6 billion for the three months ended June 30, 2024 and 2023, respectively, and $284 million and $2.3 billion for the six months ended June 30, 2024 and 2023, respectively, which are predominantly sourced through the correspondent origination channel and underwritten in accordance with the Firm’s standards.

(d)Includes loans acquired in the First Republic acquisition consisting of $91.9 billion in Consumer, excluding credit card and $58.4 billion in Wholesale.

Financing receivable credit quality indicators

The following tables provide information on delinquency and gross charge-offs.

(in millions, except ratios)	June 30, 2024
	Term loans by origination year(c)																		Revolving loans						Total
	2024			2023			2022			2021			2020			Prior to 2020			Within the revolving period			Converted to term loans
Loan delinquency(a)
Current	$	5,203		$	18,586		$	62,746		$	82,170		$	53,916		$	75,532		$	7,001		$	7,591		$	312,745
30–149 days past due	18			24			141			95			43			745			18			218			1,302
150 or more days past due	13			2			40			36			38			503			27			137			796
Total retained loans	$	5,234		$	18,612		$	62,927		$	82,301		$	53,997		$	76,780		$	7,046		$	7,946		$	314,843
% of 30+ days past due to total retained loans(b)	0.59		%	0.14		%	0.29		%	0.16		%	0.15		%	1.61		%	0.64		%	4.47		%	0.66		%
Gross charge-offs	$	—		$	—		$	1		$	1		$	—		$	123		$	10		$	4		$	139

(in millions, except ratios)	December 31, 2023
	Term loans by origination year(c)																		Revolving loans						Total
	2023			2022			2021			2020			2019			Prior to 2019			Within the revolving period			Converted to term loans
Loan delinquency(a)
Current	$	23,216		$	64,366		$	84,496		$	55,546		$	21,530		$	59,563		$	7,479		$	8,151		$	324,347
30–149 days past due	33			74			89			70			41			801			49			223			1,380
150 or more days past due	1			10			17			8			21			456			5			164			682
Total retained loans	$	23,250		$	64,450		$	84,602		$	55,624		$	21,592		$	60,820		$	7,533		$	8,538		$	326,409
% of 30+ days past due to total retained loans(b)	0.15		%	0.13		%	0.13		%	0.14		%	0.29		%	2.04		%	0.72		%	4.53		%	0.63		%
Gross charge-offs	$	—		$	—		$	—		$	—		$	4		$	167		$	26		$	7		$	204

(a)Individual delinquency classifications include mortgage loans insured by U.S. government agencies which were not material at June 30, 2024 and December 31, 2023.

(b)Excludes mortgage loans that are 30 or more days past due insured by U.S. government agencies which were not material at June 30, 2024 and December 31, 2023. These amounts have been excluded based upon the government guarantee.

(c)Purchased loans are included in the year in which they were originated.

The following table provides information on nonaccrual and other credit quality indicators for retained residential real estate loans.

(in millions, except weighted-average data)	June 30, 2024			December 31, 2023
Nonaccrual loans(a)(b)(c)(d)	$	3,231		$	3,466
Current estimated LTV ratios(e)(f)(g)
Greater than 125% and refreshed FICO scores:
Equal to or greater than 660	$	76		$	72
Less than 660	—			—
101% to 125% and refreshed FICO scores:
Equal to or greater than 660	172			223
Less than 660	4			4
80% to 100% and refreshed FICO scores:
Equal to or greater than 660	5,169			6,491
Less than 660	66			102
Less than 80% and refreshed FICO scores:
Equal to or greater than 660	299,687			309,251
Less than 660	8,878			9,277
No FICO/LTV available(h)	791			989
Total retained loans	$	314,843		$	326,409
Weighted-average LTV ratio(e)(i)	47		%	49		%
Weighted-average FICO(f)(i)	775			770
Geographic region(h)(j)
California	$	123,206		$	127,072
New York	47,572			48,815
Florida	21,989			22,778
Texas	14,846			15,506
Massachusetts	13,780			14,213
Colorado	10,458			10,800
Illinois	10,235			10,856
Washington	9,453			9,923
New Jersey	7,707			8,050
Connecticut	6,952			7,163
All other	48,645			51,233
Total retained loans	$	314,843		$	326,409

(a)Includes collateral-dependent residential real estate loans that are charged down to the fair value of the underlying collateral less costs to sell. 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 loans, regardless of their delinquency status. At June 30, 2024, approximately 9% of Chapter 7 residential real estate loans were 30 days or more past due.

(b)Mortgage loans insured by U.S. government agencies excluded from nonaccrual loans were not material at June 30, 2024 and December 31, 2023.

(c)Generally, all consumer nonaccrual loans have an allowance. In accordance with regulatory guidance, certain nonaccrual loans that are considered collateral-dependent have been charged down to the lower of amortized cost or the fair value of their underlying collateral less costs to sell. If the value of the underlying collateral improves subsequent to charge down, the related allowance may be negative.

(d)Interest income on nonaccrual loans recognized on a cash basis was $42 million and $44 million and $85 million and $89 million for the three and six months ended June 30, 2024 and 2023, respectively.

(e)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. Current estimated combined LTV for junior lien home equity loans considers all available lien positions, as well as unused lines, related to the property.

(f)Refreshed FICO scores represent each borrower’s most recent credit score, which is obtained by the Firm on at least a quarterly basis.

(g)Includes residential real estate loans, primarily held in LLCs in AWM that did not have a refreshed FICO score. These loans have been included in a FICO band based on management’s estimation of the borrower’s credit quality.

(h)Included U.S. government-guaranteed loans as of June 30, 2024 and December 31, 2023.

(i)Excludes loans with no FICO and/or LTV data available.

(j)The geographic regions presented in the table are ordered based on the magnitude of the corresponding loan balances at June 30, 2024.

The following tables provide information on delinquency and gross charge-offs.

	June 30, 2024
(in millions, except ratios)	Term loans by origination year																		Revolving loans
	2024			2023			2022			2021			2020			Prior to 2020			Within the revolving period			Converted to term loans			Total
Loan delinquency
Current	$	14,694		$	21,269		$	11,903		$	9,777		$	4,583		$	1,259		$	3,369		$	122		$	66,976
30–119 days past due	90			258			250			185			58			36			34			27			938
120 or more days past due	—			1			—			4			8			1			2			22			38
Total retained loans	$	14,784		$	21,528		$	12,153		$	9,966		$	4,649		$	1,296		$	3,405		$	171		$	67,952
% of 30+ days past due to total retained loans	0.61		%	1.20		%	2.06		%	1.90		%	1.42		%	2.85		%	1.06		%	28.65		%	1.44		%
Gross charge-offs	$	80		$	189		$	118		$	67		$	21		$	45		$	—		$	2		$	522

	December 31, 2023
(in millions, except ratios)	Term loans by origination year																		Revolving loans
	2023			2022			2021			2020			2019			Prior to 2019			Within the revolving period			Converted to term loans			Total
Loan delinquency
Current	$	30,328		$	14,797		$	12,825		$	6,538		$	1,777		$	511		$	2,984		$	102		$	69,862
30–119 days past due	276			279			231			78			43			17			19			24			967
120 or more days past due	1			1			7			8			—			—			3			17			37
Total retained loans	$	30,605		$	15,077		$	13,063		$	6,624		$	1,820		$	528		$	3,006		$	143		$	70,866
% of 30+ days past due to total retained loans	0.91		%	1.86		%	1.75		%	1.15		%	2.36		%	3.22		%	0.73		%	28.67		%	1.39		%
Gross charge-offs	$	333		$	297		$	161		$	53		$	35		$	64		$	—		$	4		$	947

The following table provides information on nonaccrual and other credit quality indicators for retained auto and other consumer loans.

(in millions)	Total Auto and other
	June 30, 2024		December 31, 2023
Nonaccrual loans(a)(b)	$	192	$	177
Geographic region(c)
California	$	10,433	$	10,959
Texas	8,025		8,502
Florida	5,507		5,684
New York	4,910		4,938
Illinois	2,977		3,147
New Jersey	2,505		2,609
Pennsylvania	1,962		1,900
Georgia	1,789		1,912
Arizona	1,673		1,779
North Carolina	1,630		1,714
All other	26,541		27,722
Total retained loans	$	67,952	$	70,866

(a)Generally, all consumer nonaccrual loans have an allowance. In accordance with regulatory guidance, certain nonaccrual loans that are considered collateral-dependent have been charged down to the lower of amortized cost or the fair value of their underlying collateral less costs to sell. If the value of the underlying collateral improves subsequent to charge down, the related allowance may be negative.

(b)Interest income on nonaccrual loans recognized on a cash basis was not material for the three and six months ended June 30, 2024 and 2023.

(c)The geographic regions presented in this table are ordered based on the magnitude of the corresponding loan balances at June 30, 2024.

The following tables provide information on delinquency and gross charge-offs.

(in millions, except ratios)	June 30, 2024
	Within the revolving period			Converted to term loans			Total
Loan delinquency
Current and less than 30 days past due and still accruing	$	210,533		$	1,082		$	211,615
30–89 days past due and still accruing	2,083			92			2,175
90 or more days past due and still accruing	2,257			53			2,310
Total retained loans	$	214,873		$	1,227		$	216,100
Loan delinquency ratios
% of 30+ days past due to total retained loans	2.02		%	11.82		%	2.08		%
% of 90+ days past due to total retained loans	1.05			4.32			1.07
Gross charge-offs	$	3,885		$	113		$	3,998

(in millions, except ratios)	December 31, 2023
	Within the revolving period			Converted to term loans			Total
Loan delinquency
Current and less than 30 days past due and still accruing	$	205,731		$	882		$	206,613
30–89 days past due and still accruing	2,217			84			2,301
90 or more days past due and still accruing	2,169			40			2,209
Total retained loans	$	210,117		$	1,006		$	211,123
Loan delinquency ratios
% of 30+ days past due to total retained loans	2.09		%	12.33		%	2.14		%
% of 90+ days past due to total retained loans	1.03			3.98			1.05
Gross charge-offs	$	5,325		$	166		$	5,491

The following table provides information on other credit quality indicators for retained credit card loans.

(in millions, except ratios)	June 30, 2024			December 31, 2023
Geographic region(a)
California	$	33,609		$	32,652
Texas	22,679			22,086
New York	17,389			16,915
Florida	15,652			15,103
Illinois	11,661			11,364
New Jersey	8,959			8,688
Colorado	6,587			6,307
Ohio	6,505			6,424
Pennsylvania	6,101			6,088
Arizona	5,357			5,209
All other	81,601			80,287
Total retained loans	$	216,100		$	211,123
Percentage of portfolio based on carrying value with estimated refreshed FICO scores
Equal to or greater than 660	85.8		%	85.8		%
Less than 660	14.0			14.0
No FICO available	0.2			0.2

(a)The geographic regions presented in the table are ordered based on the magnitude of the corresponding loan balances at June 30, 2024.

The following tables provide information on internal risk rating and gross charge-offs.

	Secured by real estate						Commercial and industrial						Other(a)						Total retained loans
(in millions, except ratios)	June 30, 2024			Dec 31, 2023			June 30, 2024			Dec 31, 2023			June 30, 2024			Dec 31, 2023			June 30, 2024			Dec 31, 2023
Loans by risk ratings
Investment-grade	$	116,812		$	120,405		$	70,806		$	72,624		$	267,340		$	265,809		$	454,958		$	458,838
Noninvestment-grade:
Noncriticized	36,840			34,241			82,888			80,637			74,008			75,178			193,736			190,056
Criticized performing	9,370			7,291			11,384			12,684			1,415			1,257			22,169			21,232
Criticized nonaccrual	864			401			1,620			1,221			805			724			3,289			2,346
Total noninvestment-grade	47,074			41,933			95,892			94,542			76,228			77,159			219,194			213,634
Total retained loans	$	163,886		$	162,338		$	166,698		$	167,166		$	343,568		$	342,968		$	674,152		$	672,472
% of investment-grade to total retained loans	71.28		%	74.17		%	42.48		%	43.44		%	77.81		%	77.50		%	67.49		%	68.23		%
% of total criticized to total retained loans	6.24			4.74			7.80			8.32			0.65			0.58			3.78			3.51
% of criticized nonaccrual to total retained loans	0.53			0.25			0.97			0.73			0.23			0.21			0.49			0.35

(a)Includes loans to SPEs, financial institutions, personal investment companies and trusts, individuals and individual entities (predominantly Global Private Bank clients within AWM and J.P. Morgan Wealth Management within CCB), states and political subdivisions, as well as loans to nonprofits. As of June 30, 2024 and December 31, 2023, predominantly consisted of $107.2 billion and $106.9 billion, respectively, to individuals and individual entities; $94.3 billion and $87.5 billion, respectively, to financial institutions; and $83.5 billion and $91.2 billion, respectively, to SPEs. Refer to Note 14 of JPMorgan Chase’s 2023 Form 10-K for more information on SPEs.

	Secured by real estate
(in millions)	June 30, 2024
	Term loans by origination year												Revolving loans
	2024		2023		2022		2021		2020		Prior to 2020		Within the revolving period		Converted to term loans		Total
Loans by risk ratings
Investment-grade	$	4,147	$	10,400	$	27,215	$	24,165	$	16,066	$	33,375	$	1,444	$	—	$	116,812
Noninvestment-grade	2,434		5,028		13,865		8,913		3,737		11,629		1,457		11		47,074
Total retained loans	$	6,581	$	15,428	$	41,080	$	33,078	$	19,803	$	45,004	$	2,901	$	11	$	163,886
Gross charge-offs	$	1	$	13	$	27	$	—	$	33	$	38	$	—	$	—	$	112

    

	Secured by real estate
(in millions)	December 31, 2023
	Term loans by origination year												Revolving loans
	2023		2022		2021		2020		2019		Prior to 2019		Within the revolving period		Converted to term loans		Total
Loans by risk ratings
Investment-grade	$	10,687	$	28,874	$	25,784	$	16,820	$	15,677	$	21,108	$	1,455	$	—	$	120,405
Noninvestment-grade	4,477		12,579		7,839		3,840		3,987		7,918		1,291		2		41,933
Total retained loans	$	15,164	$	41,453	$	33,623	$	20,660	$	19,664	$	29,026	$	2,746	$	2	$	162,338
Gross charge-offs	$	20	$	48	$	22	$	—	$	23	$	78	$	—	$	1	$	192

	Commercial and industrial
(in millions)	June 30, 2024
	Term loans by origination year												Revolving loans
	2024		2023		2022		2021		2020		Prior to 2020		Within the revolving period		Converted to term loans		Total
Loans by risk ratings
Investment-grade	$	8,308	$	7,356	$	7,868	$	3,414	$	1,639	$	1,661	$	40,558	$	2	$	70,806
Noninvestment-grade	10,734		14,385		13,359		7,621		1,145		1,443		47,132		73		95,892
Total retained loans	$	19,042	$	21,741	$	21,227	$	11,035	$	2,784	$	3,104	$	87,690	$	75	$	166,698
Gross charge-offs	$	5	$	4	$	67	$	24	$	1	$	3	$	88	$	2	$	194

	Commercial and industrial
(in millions)	December 31, 2023
	Term loans by origination year												Revolving loans
	2023		2022		2021		2020		2019		Prior to 2019		Within the revolving period		Converted to term loans		Total
Loans by risk ratings
Investment-grade	$	14,875	$	10,642	$	4,276	$	2,291	$	1,030	$	1,115	$	38,394	$	1	$	72,624
Noninvestment-grade	18,890		16,444		9,299		1,989		1,144		1,006		45,696		74		94,542
Total retained loans	$	33,765	$	27,086	$	13,575	$	4,280	$	2,174	$	2,121	$	84,090	$	75	$	167,166
Gross charge-offs	$	25	$	8	$	110	$	55	$	2	$	12	$	259	$	8	$	479

	Other(a)
(in millions)	June 30, 2024
	Term loans by origination year												Revolving loans
	2024		2023		2022		2021		2020		Prior to 2020		Within the revolving period		Converted to term loans		Total
Loans by risk ratings
Investment-grade	$	16,122	$	27,693	$	16,067	$	8,229	$	10,129	$	8,656	$	179,160	$	1,284	$	267,340
Noninvestment-grade	7,791		8,122		6,241		4,578		1,819		2,236		45,329		112		76,228
Total retained loans	$	23,913	$	35,815	$	22,308	$	12,807	$	11,948	$	10,892	$	224,489	$	1,396	$	343,568
Gross charge-offs	$	—	$	36	$	2	$	26	$	41	$	36	$	1	$	—	$	142

	Other(a)
(in millions)	December 31, 2023
	Term loans by origination year												Revolving loans
	2023		2022		2021		2020		2019		Prior to 2019		Within the revolving period		Converted to term loans		Total
Loans by risk ratings
Investment-grade	$	38,338	$	18,034	$	10,033	$	10,099	$	3,721	$	6,662	$	176,728	$	2,194	$	265,809
Noninvestment-grade	14,054		8,092		6,169		2,172		811		2,001		43,801		59		77,159
Total retained loans	$	52,392	$	26,126	$	16,202	$	12,271	$	4,532	$	8,663	$	220,529	$	2,253	$	342,968
Gross charge-offs	$	5	$	298	$	8	$	8	$	—	$	8	$	13	$	—	$	340

(a)Includes loans to SPEs, financial institutions, personal investment companies and trusts, individuals and individual entities (predominantly Global Private Bank clients within AWM and J.P. Morgan Wealth Management within CCB), states and political subdivisions, as well as loans to nonprofits. Refer to Note 14 of JPMorgan Chase’s 2023 Form 10-K for more information on SPEs.

The following table presents additional information on retained loans secured by real estate, which consists of loans secured wholly or substantially by a lien or liens on real property at origination.

(in millions, except ratios)	Multifamily						Other commercial						Total retained loans secured by real estate
	June 30, 2024			Dec 31, 2023			June 30, 2024			Dec 31, 2023			June 30, 2024			Dec 31, 2023
Retained loans secured by real estate	$	101,726		$	100,725		$	62,160		$	61,613		$	163,886		$	162,338
Criticized	4,086			3,596			6,148			4,096			10,234			7,692
% of criticized to total retained loans secured by real estate	4.02		%	3.57		%	9.89		%	6.65		%	6.24		%	4.74		%
Criticized nonaccrual	$	90		$	76		$	774		$	325		$	864		$	401
% of criticized nonaccrual loans to total retained loans secured by real estate	0.09		%	0.08		%	1.25		%	0.53		%	0.53		%	0.25		%

Geographic distribution and delinquency

The following table provides information on the geographic distribution and delinquency for retained wholesale loans.

	Secured by real estate				Commercial  and industrial				Other				Total  retained loans
(in millions)	June 30, 2024		Dec 31, 2023		June 30, 2024		Dec 31, 2023		June 30, 2024		Dec 31, 2023		June 30, 2024		Dec 31, 2023
Loans by geographic distribution(a)
Total U.S.	$	160,858	$	159,499	$	128,139	$	127,638	$	262,178	$	262,499	$	551,175	$	549,636
Total non-U.S.	3,028		2,839		38,559		39,528		81,390		80,469		122,977		122,836
Total retained loans	$	163,886	$	162,338	$	166,698	$	167,166	$	343,568	$	342,968	$	674,152	$	672,472
Loan delinquency
Current and less than 30 days past due and still accruing	$	162,166	$	161,314	$	164,281	$	164,899	$	341,542	$	341,128	$	667,989	$	667,341
30–89 days past due and still accruing(b)	813		473		734		884		1,202		1,090		2,749		2,447
90 or more days past due and still accruing(c)	43		150		63		162		19		26		125		338
Criticized nonaccrual	864		401		1,620		1,221		805		724		3,289		2,346
Total retained loans	$	163,886	$	162,338	$	166,698	$	167,166	$	343,568	$	342,968	$	674,152	$	672,472

(a)The U.S. and non-U.S. distribution is determined based predominantly on the domicile of the borrower.

(b)As of June 30, 2024, includes delayed payments associated with certain First Republic loans as a result of ongoing integration activities. As of August 2, 2024, these loans were largely current.

(c)Represents loans that are considered well-collateralized and therefore still accruing interest.

Payment status of FDMs

The following table provides information on the payment status of FDMs during the twelve months ended June 30, 2024 and the six months ended June 30, 2023.

(in millions)	Amortized cost basis
	Twelve months ended June 30,		Six months ended June 30,
	2024		2023
Current	$	125	$	64
30-149 days past due	19		5
150 or more days past due	14		6
Total	$	158	$	75

The following table provides information on the payment status of FDMs during the twelve months ended June 30, 2024 and the six months ended June 30, 2023.

(in millions)	Amortized cost basis
	Twelve months ended June 30,		Six months ended June 30,
	2024		2023
Current and less than 30 days past due and still accruing	$	701	$	264
30-89 days past due and still accruing	61		38
90 or more days past due and still accruing	42		24
Total	$	804	$	326

The following table provides information on the payment status of FDMs during the twelve months ended June 30, 2024 and the six months ended June 30, 2023.

	Amortized cost basis
	Twelve months ended June 30, 2024						Six months ended June 30, 2023
(in millions)	Secured by real estate		Commercial and industrial		Other		Secured by real estate		Commercial and industrial		Other
Current and less than 30 days past due and still accruing	$	74	$	1,271	$	134	$	77	$	331	$	—
30-89 days past due and still accruing	1		79		—		1		—		—
90 or more days past due and still accruing	—		—		—		—		3		—
Criticized nonaccrual	70		425		208		7		135		300
Total	$	145	$	1,775	$	342	$	85	$	469	$	300

Financial Effects of FDMs

The following tables provide information on credit card loan modifications considered FDMs.

	Loan modifications
	Three months ended June 30,						Six months ended June 30,
(in millions)	2024			2023			2024			2023
Term extension and interest rate reduction(a)(b)
Amortized cost basis	$	259		$	181		$	491		$	326
% of total modifications to total retained credit card loans	0.12		%	0.09		%	0.23		%	0.17		%
Financial effect of loan modifications	Term extension with a reduction in the weighted average contractual interest rate from 23.89% to 3.04%			Term extension with a reduction in the weighted average contractual interest rate from 23.27% to 3.57%			Term extension with a reduction in the weighted average contractual interest rate from 23.88% to 3.17%			Term extension with a reduction in the weighted average contractual interest rate from 22.96% to 3.54%

(a) Term extension includes credit card loans whose terms have been modified under long-term programs by placing the customer's credit card account on a fixed payment plan.

(b) Interest rates represents the weighted average at the time of modification.

The following tables provide information by loan class about modifications considered FDMs during the three and six months ended June 30, 2024 and 2023.

	Secured by real estate
	Three months ended June 30, 2024					Six months ended June 30, 2024
(in million)	Amortized cost basis		% of loan modifications to total retained Secured by real estate loans		Financial effect of loan modifications	Amortized cost basis		% of loan modifications to total retained Secured by real estate loans		Financial effect of loan modifications
Single modifications
Term extension	$	27	0.02	%	Extended loans by a weighted-average of 5 months	$	28	0.02	%	Extended loans by a weighted-average of 5 months
Multiple modifications
Other-than-insignificant payment deferral and interest rate reduction	35		0.02		Provided payment deferrals with delayed amounts recaptured at maturity and reduced weighted-average contractual interest by 185 bps	48		0.03		Provided payment deferrals with delayed amounts recaptured at maturity and reduced weighted-average contractual interest by 162 bps
Other(a)	—		—		NM	1		—		NM
Total	$	62				$	77

(a)Includes a loan with a single modification.

	Secured by real estate
	Three months ended June 30, 2023					Six months ended June 30, 2023
	Amortized cost basis		% of loan modifications to total retained Secured by real estate loans		Financial effect of loan modifications	Amortized cost basis		% of loan modifications to total retained Secured by real estate loans		Financial effect of loan modifications
Single modifications
Term extension	$	68	0.04	%	Extended loans by a weighted-average of 9 months	$	71	0.04	%	Extended loans by a weighted-average of 9 months
Other(a)	9		—		NM	14		—		NM
Total	$	77				$	85

(a)Includes loans with both single and multiple modifications.

	Commercial and industrial
	Three months ended June 30, 2024					Six months ended June 30, 2024
	Amortized cost basis		% of loan modifications to total retained Commercial and industrial loans		Financial effect of loan modifications	Amortized cost basis		% of loan modifications to total retained Commercial and industrial loans		Financial effect of loan modifications
Single modifications
Term extension	$	460	0.28	%	Extended loans by a weighted-average of 12 months	$	754	0.45	%	Extended loans by a weighted-average of 13 months
Other-than-insignificant payment deferral	162		0.10		Provided payment deferrals with delayed amounts primarily re-amortized over the remaining tenor	166		0.10		Provided payment deferrals with delayed amounts primarily re-amortized over the remaining tenor
Multiple modifications
Other-than-insignificant payment deferral and term extension	20		0.01		Provided payment deferrals with delayed amounts primarily recaptured at the end of the deferral period and extended loans by a weighted-average of 19 months	115		0.07		Provided payment deferrals with delayed amounts primarily recaptured at the end of the deferral period and extended loans by a weighted-average of 20 months
Other(a)	2		—		NM	6		—		NM
Total	$	644				$	1,041

(a)Includes loans with both single and multiple modifications.

	Commercial and industrial
	Three months ended June 30, 2023					Six months ended June 30, 2023
	Amortized cost basis		% of loan modifications to total retained Commercial and industrial loans		Financial effect of loan modifications	Amortized cost basis		% of loan modifications to total retained Commercial and industrial loans		Financial effect of loan modifications
Single modifications
Term extension	$	306	0.18	%	Extended loans by a weighted-average of 8 months	$	423	0.25	%	Extended loans by a weighted-average of 10 months
Multiple modifications
Term extension and principal forgiveness	—		—			40		0.02		Extended loans by a weighted average of 64 months and reduced amortized cost basis of the loans by $23 million
Other(a)	6		—		NM	6		—		NM
Total	$	312				$	469

(a)Includes loans with both single and multiple modifications.

	Other
	Three months ended June 30, 2024					Six months ended June 30, 2024
	Amortized cost basis		% of loan modifications to total retained Other loans		Financial effect of loan modifications	Amortized cost basis		% of loan modifications to total retained Other loans		Financial effect of loan modifications
Single modifications
Term extension	$	19	0.01	%	Extended loans by a weighted-average of 7 months	$	29	0.01	%	Extended loans by a weighted-average of 11 months
Other-than-insignificant payment deferral	13		—		Provided payment deferrals with delayed amounts recaptured at the end of the deferral period	13		—		Provided payment deferrals with delayed amounts recaptured at the end of the deferral period
Other(a)	2		—		NM	2		—		NM
Total	$	34				$	44

(a)Includes a loan with multiple modifications.

	Other
	Three months ended June 30, 2023					Six months ended June 30, 2023
	Amortized cost basis		% of loan modifications to total retained Other loans		Financial effect of loan modifications	Amortized cost basis		% of loan modifications to total retained Other loans		Financial effect of loan modifications
Single modifications
Term extension	$	38	0.01	%	Extended loans by a weighted average of 3 months	$	54	0.02	%	Extended loans by a weighted average of 6 months
Interest rate reduction	11		—		Reduced weighted-average contractual interest by 654 bps	11		—		Reduced weighted-average contractual interest by 654 bps
Multiple modifications
Other-than-insignificant payment deferral and term extension	235		0.07		Provided payment deferrals with delayed amounts primarily recaptured at the end of the deferral period and extended loans by a weighted-average of 144 months	235		0.07		Provided payment deferrals with delayed amounts primarily recaptured at the end of the deferral period and extended loans by a weighted-average of 144 months
Total	$	284				$	300

Nonaccrual loans

The following table provides information on retained wholesale nonaccrual loans.

(in millions)	Secured by real estate				Commercial and industrial				Other				Total retained loans
	June 30, 2024		Dec 31, 2023		June 30, 2024		Dec 31, 2023		June 30, 2024		Dec 31, 2023		June 30, 2024		Dec 31, 2023
Nonaccrual loans
With an allowance	$	156	$	129	$	1,284	$	776	$	618	$	492	$	2,058	$	1,397
Without an allowance(a)	708		272		336		445		187		232		1,231		949
Total nonaccrual loans(b)	$	864	$	401	$	1,620	$	1,221	$	805	$	724	$	3,289	$	2,346

(a)When the discounted cash flows or collateral value equals or exceeds the amortized cost of the loan, the loan does not require an allowance. This typically occurs when the loans have been partially charged off and/or there have been interest payments received and applied to the loan balance.

(b)Interest income on nonaccrual loans recognized on a cash basis was not material for the three and six months ended June 30, 2024 and 2023.

Defaults of FDMs

The following table provides information by loan class about FDMs that defaulted in the three and six months ended June 30, 2024 that were reported as FDMs in the twelve months prior to the default, and FDMs that defaulted in the three and six months ended June 30, 2023 that were reported as FDMs on or after January 1, 2023, the date that the Firm adopted the changes to the TDR accounting guidance.

	Amortized cost basis
	Three months ended June 30, 2024						Six months ended June 30, 2024
(in millions)	Secured by real estate		Commercial and industrial		Other		Secured by real estate		Commercial and industrial		Other
Term extension	$	1	$	110	$	9	$	6	$	111	$	11
Other-than-insignificant payment deferral	—		23		—		—		23		—
Other than insignificant payment deferral and term extension	—		20		—		—		20		—
Interest rate reduction and term extension	3		1		—		3		2		—
Total	$	4	$	154	$	9	$	9	$	156	$	11

	Amortized cost basis
	Three months ended June 30, 2023						Six months ended June 30, 2023
(in millions)	Secured by real estate		Commercial and industrial		Other		Secured by real estate		Commercial and industrial		Other
Term extension	$	—	$	3	$	—	$	1	$	7	$	—
Total	$	—	$	3	$	—	$	1	$	7	$	—