JP Morgan Chase 2009 Annual Report Download - page 167

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JPMorgan Chase & Co./2009 Annual Report 165
Fair value measurements using significant unobservable inputs
Year ended
December 31, 2009
(in millions)
Fair value,
January 1, 2009
Total
realized/
unrealized
gains/(losses)
Purchases,
issuances
settlements, net
Transfers
into and/or
out of
level 3(g)
Fair value,
December 31,
2009
Change in
unrealized
gains/(losses)
related to financial
instruments held at
December 31, 2009
Assets:
Trading assets:
Debt instruments:
Mortgage-backed securities:
U.S. government agencies $ 163 $ (38) $ 62 $ 73 $ 260 $ (38
)
Residential – nonagency(a) 3,339 (782) (245) (1,197) 1,115 (871
)
Commercial – nonagency(a) 2,487 (242) (325) (150) 1,770 (313
)
Total mortgage-backed securities 5,989 (1,062) (508) (1,274) 3,145 (1,222
)
Obligations of U.S. states and
municipalities 2,641 (22) (648) — 1,971 (123
)
Non-U.S. government debt securities
707 38 (75) 64 734 34
Corporate debt securities 5,280 38 (3,416) 3,339 5,241 (72
)
Loans 17,091 (871) (3,497) 495 13,218 (1,167
)
Asset-backed securities 7,106 1,436 (378) (189) 7,975 734
Total debt instruments 38,814 (443) (8,522) 2,435 32,284 (1,816
)
Equity securities 1,380 (149) (512) 1,237 1,956 (51
)
Other 1,226 (79) (253) 32 926 (119
)
Total debt and equity instruments 41,420 (671)(c) (9,287) 3,704 35,166 (1,986
)(c)
Net derivative receivables 9,507 (11,406)(c) (3,448) 16,699 11,352 (10,835
)(c)
Available-for-sale securities:
Asset-backed securities 11,447 (2) 1,112 175 12,732 (48
)
Other 944 (269) 302 (516) 461 43
Total available-for-sale securities 12,391 (271)(d) 1,414 (341) 13,193 (5
)(d)
Loans 2,667 (448)(c) (1,906) 677 990 (488
)(c)
Mortgage servicing rights 9,403 5,807(e) 321 — 15,531 5,807
(e)
Other assets:
Private equity investments 6,369 (407)(c) 582 19 6,563 (369
)(c)
All other(b) 8,114 (676)(f) 2,439 (356) 9,521 (612
)(f)
Fair value measurements using significant unobservable inputs
Year ended
December 31, 2009
(in millions)
Fair value,
January 1, 2009
Total
realized/
unrealized
(gains)/losses
Purchases,
issuances
settlements, net
Transfers
into and/or
out of
level 3(g)
Fair value,
December 31,
2009
Change in
unrealized
(gains)/losses
related to financial
instruments held at
December 31, 2009
Liabilities(h):
Deposits $ 1,235 $ 47(c) $ (870) $ 64 $ 476 $ (36
)(c)
Other borrowed funds 101 (73)(c) 621 (107) 542 9
(c)
Trading liabilities:
Debt and equity instruments 288 64(c) (339) (3) 10 12
(c)
Accounts payable and other liabilities
— (55)(c) 410 — 355 (29
)(c)
Beneficial interests issued by
consolidated VIEs — 344(c) (598) 879 625 327
(c)
Long-term debt 16,548 1,367(c) (2,738) 3,110 18,287 1,728
(c)