JP Morgan Chase 2009 Annual Report Download - page 245

JPMorgan Chase & Co./2009 Annual Report 243
The table below presents both on–balance sheet and off–balance sheet wholesale- and consumer-related credit exposure as of December 31,
2009 and 2008.
2009 2008
On-balance sheet On-balance sheet
December 31, (in millions)
Credit
exposure Loans Derivatives
Off-balance
sheet (d)
Credit
exposure Loans Derivatives
Off-balance
sheet(d)
Wholesale-related(a):
Real estate $ 68,509 $ 57,195 $ 1,112 $ 10,202 $ 80,284 $ 64,510 $ 2,021 $ 13,753
Banks and finance companies 54,053 14,396 17,957 21,700 75,577 19,055 33,457 23,065
Healthcare 35,605 4,992 1,917 28,696 38,032 7,004 3,723 27,305
State and municipal governments 34,726 5,687 4,979 24,060 36,772 5,882 10,191 20,699
Utilities 27,178 5,451 3,073 18,654 34,246 9,184 4,664 20,398
Consumer products 27,004 7,880 1,094 18,030 29,766 10,081 2,225 17,460
Asset managers 24,920 5,930 6,640 12,350 49,256 9,640 18,806 20,810
Oil and gas 23,322 5,895 2,309 15,118 24,746 8,796 2,220 13,730
Retail & consumer services 20,673 5,611 769 14,293 23,223 7,597 1,537 14,089
Holding companies 16,018 4,360 1,042 10,616 14,466 6,247 2,846 5,373
Technology 14,169 3,802 1,409 8,958 17,025 4,965 1,340 10,720
Insurance 13,421 1,292 2,511 9,618 17,744 1,942 5,494 10,308
Machinery and equipment
manufacturing 12,759 3,189 456 9,114 14,501 4,642 943 8,916
Metals/mining 12,547 3,410 1,158 7,979 14,980 6,470 1,991 6,519
Media 12,379 4,173 329 7,877 13,177 6,486 480 6,211
Telecom services 11,265 2,042 1,273 7,950 13,237 3,828 1,298 8,111
Securities firms and exchanges 10,832 3,457 4,796 2,579 25,590 6,360 14,111 5,119
Business services 10,667 3,627 397 6,643 11,247 3,677 757 6,813
Building materials/construction 10,448 3,252 281 6,915 12,065 4,625 613 6,827
Chemicals/plastics 9,870 2,719 392 6,759 11,719 3,745 1,201 6,773
Transportation 9,749 3,141 1,238 5,370 10,253 3,904 1,651 4,698
Central government 9,557 1,703 5,501 2,353 14,441 545 9,773 4,123
Automotive 9,357 2,510 357 6,490 11,448 3,746 1,111 6,591
Leisure 6,822 2,718 353 3,751 8,158 4,051 659 3,448
Agriculture/paper manufacturing 5,801 1,928 251 3,622 6,920 2,593 653 3,674
All other 135,791 39,717 18,616 77,458 181,713 38,514 38,861 104,338
Loans held-for-sale and loans at
fair value 4,098 4,098 — — 13,955 13,955 — —
Receivables from customers(b) 15,745 — — — 16,141 — — —
Interests in purchased receivables 2,927 — — — — — — —
Total wholesale-related 650,212 204,175 80,210 347,155 820,682 262,044 162,626 379,871
Consumer-related excluding
purchased credit-impaired
loans:
Home equity – senior lien 46,622 27,376 — 19,246 57,791 29,793 — 27,998
Home equity – junior lien 111,280 74,049 — 37,231 152,287 84,542 — 67,745
Prime mortgage 68,546 66,892 — 1,654 77,345 72,266 — 5,079
Subprime mortgage 12,526 12,526 — — 15,330 15,330 — —
Option ARMs 8,536 8,536 — — 9,018 9,018 — —
Auto loans 51,498 46,031 — 5,467 47,329 42,603 — 4,726
Credit card – reported(c) 647,899 78,786 — 569,113 728,448 104,746 — 623,702
All other loans 42,929 31,700 — 11,229 45,972 33,715 — 12,257
Loans held-for-sale 2,142 2,142 — — 2,028 2,028 — —
Total consumer–related exclu
d-
ing purchased credit-impaired
loans 991,978 348,038 — 643,940 1,135,548 394,041 — 741,507
Consumer-related purchased
credit-impaired loans
Home equity 26,520 26,520 — — 28,555 28,555 —
—
Prime mortgage 19,693 19,693 — — 21,855 21,855 —
—
Subprime mortgage 5,993 5,993 — — 6,760 6,760 —
—
Option ARMs 29,039 29,039 — — 31,643 31,643 —
—
Total consumer-related
purchased credit-impaired
loans 81,245 81,245 — — 88,813 88,813 —
—
Total consumer 1,073,223 429,283 — 643,940 1,224,361 482,854 — 741,507
Total exposure $ 1,723,435 $ 633,458 $ 80,210 $ 991,095 $ 2,045,043 $ 744,898 $ 162,626 $ 1,121,378
(a) During the fourth quarter of 2009, certain industry classifications were modified to better reflect risk correlations and enhance the Firm's management of industry risk.
Prior periods have been revised to reflect the current presentation.
(b) Primarily represents margin loans to prime and retail brokerage customers which are included in accrued interest and accounts receivable on the Consolidated Balance Sheets.
(c) Excludes $84.6 billion and $85.6 billion of securitized credit card receivables at December 31, 2009 and 2008, respectively.
(d) Represents lending-related financial instruments.