Loans (Tables)

9 Months Ended

Sep. 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.

September 30, 2024	Consumer, excluding credit card		Credit card		Wholesale		Total(a)(b)
(in millions)
Retained	$	377,938	$	219,542	$	687,890	$	1,285,370
Held-for-sale	1,101		—		11,403		12,504
At fair value	15,906		—		26,231		42,137
Total	$	394,945	$	219,542	$	725,524	$	1,340,011
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 September 30, 2024 and December 31, 2023, respectively. Accrued interest receivables written off were not material for the three and nine months ended September 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 September 30, 2024 and December 31, 2023. For the discount associated with First Republic loans, refer to Note 26 on pages 186–188.

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

(in millions)	September 30, 2024		December 31, 2023
Residential real estate	$	311,338	$	326,409
Auto and other	66,600		70,866
Total retained loans	$	377,938	$	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 September 30, (in millions)	Consumer, excluding credit card			Credit card		Wholesale		Total		Consumer, excluding credit card			Credit card		Wholesale			Total
Purchases	$	180	(b)(c)	$	—	$	668	$	848	$	62	(b)(c)	$	—	$	539		$	601
Sales	2,474			—		10,488		12,962		1,318			—		13,076			14,394
Retained loans reclassified to held-for-sale(a)	330			—		131		461		33			—		194			227
	2024									2023
Nine months ended September 30, (in millions)	Consumer, excluding credit card			Credit card		Wholesale		Total		Consumer, excluding credit card			Credit card		Wholesale			Total
Purchases	$	536	(b)(c)	$	—	$	1,022	$	1,558	$	92,143	(b)(c)(d)	$	—	$	59,100	(d)	$	151,243
Sales	10,440			—		31,024		41,464		1,756			—		31,956			33,712
Retained loans reclassified to held-for-sale(a)	1,499			—		679		2,178		157			—		1,279			1,436

(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 nine months ended September 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 $181 million and $1.9 billion for the three months ended September 30, 2024 and 2023, respectively, and $465 million and $4.2 billion for the nine months ended September 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)	September 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	$	8,330		$	18,007		$	62,087		$	80,903		$	53,025		$	72,660		$	6,776		$	7,331		$	309,119
30–149 days past due	2			18			155			114			53			749			59			199			1,349
150 or more days past due	—			5			62			56			43			551			8			145			870
Total retained loans	$	8,332		$	18,030		$	62,304		$	81,073		$	53,121		$	73,960		$	6,843		$	7,675		$	311,338
% of 30+ days past due to total retained loans(b)	0.02		%	0.13		%	0.35		%	0.21		%	0.18		%	1.74		%	0.98		%	4.48		%	0.71		%
Gross charge-offs	$	—		$	—		$	1		$	1		$	—		$	149		$	14		$	4		$	169

(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 September 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 September 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)	September 30, 2024			December 31, 2023
Nonaccrual loans(a)(b)(c)(d)	$	3,083		$	3,466
Current estimated LTV ratios(e)(f)(g)
Greater than 125% and refreshed FICO scores:
Equal to or greater than 660	$	72		$	72
Less than 660	—			—
101% to 125% and refreshed FICO scores:
Equal to or greater than 660	146			223
Less than 660	5			4
80% to 100% and refreshed FICO scores:
Equal to or greater than 660	4,949			6,491
Less than 660	75			102
Less than 80% and refreshed FICO scores:
Equal to or greater than 660	296,443			309,251
Less than 660	8,818			9,277
No FICO/LTV available(h)	830			989
Total retained loans	$	311,338		$	326,409
Weighted-average LTV ratio(e)(i)	47		%	49		%
Weighted-average FICO(f)(i)	774			770
Geographic region(h)(j)
California	$	121,688		$	127,072
New York	47,198			48,815
Florida	21,834			22,778
Texas	14,638			15,506
Massachusetts	13,619			14,213
Colorado	10,450			10,800
Illinois	10,033			10,856
Washington	9,415			9,923
New Jersey	7,609			8,050
Connecticut	6,879			7,163
All other	47,975			51,233
Total retained loans	$	311,338		$	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 September 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 September 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 $38 million and $44 million and $123 million and $133 million for the three and nine months ended September 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 September 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 September 30, 2024.

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

	September 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	$	20,542		$	17,877		$	10,524		$	8,347		$	3,703		$	903		$	3,531		$	131		$	65,558
30–119 days past due	151			258			250			187			55			29			33			34			997
120 or more days past due	1			1			—			4			7			1			1			30			45
Total retained loans	$	20,694		$	18,136		$	10,774		$	8,538		$	3,765		$	933		$	3,565		$	195		$	66,600
% of 30+ days past due to total retained loans	0.73		%	1.43		%	2.32		%	2.24		%	1.65		%	3.22		%	0.95		%	32.82		%	1.56		%
Gross charge-offs	$	169		$	268		$	171		$	96		$	30		$	64		$	—		$	4		$	802

	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 geographic region as a credit quality indicator for retained auto and other consumer loans.

(in millions)	Total Auto and other
	September 30, 2024		December 31, 2023
Nonaccrual loans(a)(b)	$	233	$	177
Geographic region(c)
California	$	10,281	$	10,959
Texas	7,738		8,502
Florida	5,391		5,684
New York	4,892		4,938
Illinois	2,903		3,147
New Jersey	2,475		2,609
Pennsylvania	1,983		1,900
Georgia	1,725		1,912
Arizona	1,635		1,779
North Carolina	1,593		1,714
All other	25,984		27,722
Total retained loans	$	66,600	$	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 nine months ended September 30, 2024 and 2023.

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

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

(in millions, except ratios)	September 30, 2024
	Within the revolving period			Converted to term loans			Total
Loan delinquency
Current and less than 30 days past due and still accruing	$	213,537		$	1,181		$	214,718
30–89 days past due and still accruing	2,305			103			2,408
90 or more days past due and still accruing	2,364			52			2,416
Total retained loans	$	218,206		$	1,336		$	219,542
Loan delinquency ratios
% of 30+ days past due to total retained loans	2.14		%	11.60		%	2.20		%
% of 90+ days past due to total retained loans	1.08			3.89			1.10
Gross charge-offs	$	5,868		$	176		$	6,044

(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)	September 30, 2024			December 31, 2023
Geographic region(a)
California	$	34,251		$	32,652
Texas	23,119			22,086
New York	17,751			16,915
Florida	16,029			15,103
Illinois	11,817			11,364
New Jersey	9,152			8,688
Colorado	6,673			6,307
Ohio	6,533			6,424
Pennsylvania	6,150			6,088
Arizona	5,469			5,209
All other	82,598			80,287
Total retained loans	$	219,542		$	211,123
Percentage of portfolio based on carrying value with estimated refreshed FICO scores
Equal to or greater than 660	85.1		%	85.8		%
Less than 660	14.7			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 September 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)	Sep 30, 2024			Dec 31, 2023			Sep 30, 2024			Dec 31, 2023			Sep 30, 2024			Dec 31, 2023			Sep 30, 2024			Dec 31, 2023
Loans by risk ratings
Investment-grade	$	115,015		$	120,405		$	67,984		$	72,624		$	284,007		$	265,809		$	467,006		$	458,838
Noninvestment-grade:
Noncriticized	37,383			34,241			83,494			80,637			73,998			75,178			194,875			190,056
Criticized performing	10,019			7,291			11,037			12,684			1,436			1,257			22,492			21,232
Criticized nonaccrual	974			401			1,733			1,221			810			724			3,517			2,346
Total noninvestment-grade	48,376			41,933			96,264			94,542			76,244			77,159			220,884			213,634
Total retained loans	$	163,391		$	162,338		$	164,248		$	167,166		$	360,251		$	342,968		$	687,890		$	672,472
% of investment-grade to total retained loans	70.39		%	74.17		%	41.39		%	43.44		%	78.84		%	77.50		%	67.89		%	68.23		%
% of total criticized to total retained loans	6.73			4.74			7.77			8.32			0.62			0.58			3.78			3.51
% of criticized nonaccrual to total retained loans	0.60			0.25			1.06			0.73			0.22			0.21			0.51			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 September 30, 2024 and December 31, 2023, predominantly consisted of $110.7 billion and $106.9 billion, respectively, to individuals and individual entities; $98.4 billion and $87.5 billion, respectively, to financial institutions; and $91.3 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)	September 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	$	6,541	$	10,199	$	26,053	$	23,430	$	15,870	$	31,522	$	1,400	$	—	$	115,015
Noninvestment-grade	3,500		5,049		14,562		8,866		3,679		11,260		1,459		1		48,376
Total retained loans	$	10,041	$	15,248	$	40,615	$	32,296	$	19,549	$	42,782	$	2,859	$	1	$	163,391
Gross charge-offs	$	—	$	18	$	37	$	—	$	33	$	51	$	—	$	—	$	139

    

	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)	September 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	$	9,200	$	6,762	$	7,165	$	3,066	$	1,362	$	1,480	$	38,948	$	1	$	67,984
Noninvestment-grade	15,595		12,733		12,467		6,776		895		1,240		46,491		67		96,264
Total retained loans	$	24,795	$	19,495	$	19,632	$	9,842	$	2,257	$	2,720	$	85,439	$	68	$	164,248
Gross charge-offs	$	19	$	4	$	116	$	24	$	1	$	5	$	190	$	3	$	362

	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)	September 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	$	25,069	$	21,517	$	15,270	$	7,455	$	9,325	$	7,838	$	195,968	$	1,565	$	284,007
Noninvestment-grade	10,098		7,120		5,658		4,196		1,742		2,302		44,890		238		76,244
Total retained loans	$	35,167	$	28,637	$	20,928	$	11,651	$	11,067	$	10,140	$	240,858	$	1,803	$	360,251
Gross charge-offs	$	—	$	38	$	2	$	26	$	41	$	50	$	1	$	—	$	158

	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
	Sep 30, 2024			Dec 31, 2023			Sep 30, 2024			Dec 31, 2023			Sep 30, 2024			Dec 31, 2023
Retained loans secured by real estate	$	101,744		$	100,725		$	61,647		$	61,613		$	163,391		$	162,338
Criticized	4,589			3,596			6,404			4,096			10,993			7,692
% of criticized to total retained loans secured by real estate	4.51		%	3.57		%	10.39		%	6.65		%	6.73		%	4.74		%
Criticized nonaccrual	$	205		$	76		$	769		$	325		$	974		$	401
% of criticized nonaccrual loans to total retained loans secured by real estate	0.20		%	0.08		%	1.25		%	0.53		%	0.60		%	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)	Sep 30, 2024		Dec 31, 2023		Sep 30, 2024		Dec 31, 2023		Sep 30, 2024		Dec 31, 2023		Sep 30, 2024		Dec 31, 2023
Loans by geographic distribution(a)
Total U.S.	$	160,217	$	159,499	$	125,103	$	127,638	$	274,350	$	262,499	$	559,670	$	549,636
Total non-U.S.	3,174		2,839		39,145		39,528		85,901		80,469		128,220		122,836
Total retained loans	$	163,391	$	162,338	$	164,248	$	167,166	$	360,251	$	342,968	$	687,890	$	672,472
Loan delinquency
Current and less than 30 days past due and still accruing	$	161,784	$	161,314	$	161,815	$	164,899	$	357,947	$	341,128	$	681,546	$	667,341
30–89 days past due and still accruing	392		473		635		884		1,382		1,090		2,409		2,447
90 or more days past due and still accruing(b)	241		150		65		162		112		26		418		338
Criticized nonaccrual	974		401		1,733		1,221		810		724		3,517		2,346
Total retained loans	$	163,391	$	162,338	$	164,248	$	167,166	$	360,251	$	342,968	$	687,890	$	672,472

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

(b)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 September 30, 2024 and the nine months ended September 30, 2023.

(in millions)	Amortized cost basis
	Twelve months ended Sep 30,		Nine months ended Sep 30,
	2024		2023
Current	$	143	$	90
30-149 days past due	45		13
150 or more days past due	23		7
Total	$	211	$	110

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

(in millions)	Amortized cost basis
	Twelve months ended Sep 30,		Nine months ended Sep 30,
	2024		2023
Current and less than 30 days past due and still accruing	$	757	$	414
30-89 days past due and still accruing	70		47
90 or more days past due and still accruing	41		28
Total	$	868	$	489

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

	Amortized cost basis
	Twelve months ended September 30, 2024						Nine months ended September 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	$	281	$	1,077	$	367	$	117	$	703	$	248
30-89 days past due and still accruing	1		21		9		—		—		28
90 or more days past due and still accruing	—		4		—		—		10		—
Criticized nonaccrual	64		507		167		8		315		561
Total	$	346	$	1,609	$	543	$	125	$	1,028	$	837

Financial Effects of FDMs

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

	Loan modifications
	Three months ended September 30,						Nine months ended September 30,
(in millions)	2024			2023			2024			2023
Term extension and interest rate reduction(a)(b)
Amortized cost basis	$	272		$	197		$	714		$	489
% of total modifications to total retained credit card loans	0.12		%	0.10		%	0.33		%	0.25		%
Financial effect of loan modifications	Term extension with a reduction in the weighted average contractual interest rate from 23.77% to 3.03%			Term extension with a reduction in the weighted average contractual interest rate from 23.48% to 3.67%			Term extension with a reduction in the weighted average contractual interest rate from 23.89% to 3.12%			Term extension with a reduction in the weighted average contractual interest rate from 23.15% to 3.58%

(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 nine months ended September 30, 2024 and 2023.

	Secured by real estate
	Three months ended September 30, 2024					Nine months ended September 30, 2024
(in millions, except ratios)	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	$	267	0.16	%	Extended loans by a weighted-average of 14 months	$	271	0.17	%	Extended loans by a weighted-average of 14 months
Multiple modifications
Other-than-insignificant payment deferral and interest rate reduction	—		—			47		0.03		Provided payment deferrals with delayed amounts recaptured at maturity and reduced weighted-average contractual interest by 162 bps
Other(a)	4		—		NM	9		0.01		NM
Total	$	271				$	327

(a)Includes loans with a single modification.

	Secured by real estate
	Three months ended September 30, 2023					Nine months ended September 30, 2023
(in millions, except ratios)	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	$	60	0.04	%	Extended loans by a weighted-average of 14 months	$	112	0.07	%	Extended loans by a weighted-average of 13 months
Other(a)	—		—			13		—		NM
Total	$	60				$	125

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

	Commercial and industrial
	Three months ended September 30, 2024					Nine months ended September 30, 2024
(in millions, except ratios)	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	$	443	0.27	%	Extended loans by a weighted-average of 15 months	$	880	0.54	%	Extended loans by a weighted-average of 17 months
Other-than-insignificant payment deferral	215		0.13		Provided payment deferrals with delayed amounts primarily re-amortized over the remaining tenor	315		0.19		Provided payment deferrals with delayed amounts primarily re-amortized over the remaining tenor
Multiple modifications
Other-than-insignificant payment deferral and term extension	1		—		Provided payment deferrals with delayed amounts primarily recaptured at maturity and extended loans by a weighted-average of 23 months	127		0.08		Provided payment deferrals with delayed amounts primarily recaptured at the end of the deferral period and extended loans by a weighted-average of 22 months
Other(a)	5		—		NM	26		0.02		NM
Total	$	664				$	1,348

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

	Commercial and industrial
	Three months ended September 30, 2023					Nine months ended September 30, 2023
(in millions, except ratios)	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	$	372	0.22	%	Extended loans by a weighted-average of 21 months	$	669	0.40	%	Extended loans by a weighted-average of 19 months
Other-than-insignificant payment deferral	309		0.19		Provided payment deferrals with delayed amounts primarily re-amortized over the remaining tenor	310		0.19		Provided payment deferrals with delayed amounts primarily re-amortized over the remaining tenor
Multiple modifications
Other-than-insignificant payment deferral and term extension	32		0.02		Provided payment deferrals with delayed amounts primarily recaptured at maturity and extended loans by a weighted-average of 6 months	32		0.02		Provided payment deferrals with delayed amounts primarily recaptured at maturity and extended loans by a weighted-average of 6 months
Other(a)	2		—		NM	17		0.01		NM
Total	$	715				$	1,028

(a)Includes loans with multiple modifications.

	Other
	Three months ended September 30, 2024					Nine months ended September 30, 2024
(in millions, except ratios)	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	$	260	0.07	%	Extended loans by a weighted-average of 30 months	$	282	0.08	%	Extended loans by a weighted-average of 29 months
Other(a)	—		—			6		—		NM
Total	$	260				$	288

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

	Other
	Three months ended September 30, 2023					Nine months ended September 30, 2023
(in millions, except ratios)	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	$	100	0.03	%	Extended loans by a weighted-average of 27 months	$	100	0.03	%	Extended loans by a weighted-average of 30 months
Multiple modifications
Interest rate reduction and term extension	495		0.14		Reduced weighted-average contractual interest by 1,708 bps and extended loans by a weighted-average of 7 months	495		0.14		Reduced weighted-average contractual interest by 1,708 bps and extended loans by a weighted-average of 7 months
Other-than-insignificant payment deferral and term extension	—		—			233		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
Other(a)	—		—			9		—		NM
Total	$	595				$	837

(a)Includes loans with single modification.

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
	Sep 30, 2024		Dec 31, 2023		Sep 30, 2024		Dec 31, 2023		Sep 30, 2024		Dec 31, 2023		Sep 30, 2024		Dec 31, 2023
Nonaccrual loans
With an allowance	$	128	$	129	$	1,317	$	776	$	477	$	492	$	1,922	$	1,397
Without an allowance(a)	846		272		416		445		333		232		1,595		949
Total nonaccrual loans(b)	$	974	$	401	$	1,733	$	1,221	$	810	$	724	$	3,517	$	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 nine months ended September 30, 2024 and 2023.

Defaults of FDMs

The following table provides information by loan class about FDMs that defaulted in the three and nine months ended September 30, 2024 that were reported as FDMs in the twelve months prior to the default, and FDMs that defaulted in the three and nine months ended September 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 September 30, 2024						Nine months ended September 30, 2024
(in millions)	Secured by real estate		Commercial and industrial		Other		Secured by real estate		Commercial and industrial		Other
Term extension	$	1	$	80	$	10	$	1	$	88	$	12
Other-than-insignificant payment deferral	—		123		—		—		124		—
Interest rate reduction and term extension	—		—		—		—		1		—
Total	$	1	$	203	$	10	$	1	$	213	$	12

	Amortized cost basis
	Three months ended September 30, 2023						Nine months ended September 30, 2023
(in millions)	Secured by real estate		Commercial and industrial		Other		Secured by real estate		Commercial and industrial		Other
Term extension	$	—	$	11	$	32	$	1	$	18	$	32
Interest rate reduction and term extension	—		—		—		1		—		—
Total	$	—	$	11	$	32	$	2	$	18	$	32