JP Morgan Chase 2010 Annual Report Download - page 181

JPMorgan Chase & Co./2010 Annual Report 181
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(e)
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
)
Resident
ial
–
nonagency
3,339
(782)
(245)
(1,197)
1,115
(871
)
Commercial
–
nonagency
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 de
bt 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)(a) (9,287) 3,704 35,166 (1,986 )(a)
Total net derivative receivables 9,507 (11,406)
(
a
)
(3,448) 16,699 11,352 (10,835 )
(a
)
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)(b) 1,414 (341) 13,193 (5 )(b)
Loans 2,667 (448)
(a
)
(1,906) 677 990 (488 )
(a
)
Mortgage servicing rights 9,403 5,807
(c
)
321 — 15,531 5,807
(c)
Other assets:
Private equity investments 6,369 (407)
(
a
)
582 19 6,563 (369 )
(
a
)
All other
(
g
)
8,114 (676)
(
d
)
2,439 (356) 9,521 (612 )
(
d
)
Fair value measurements using significant unobservable inputs
Year ended
December 31, 2009
(in millions)
Fair value at
January 1, 2009
Total
realized/
unrealized
(gains)/losses
Purchases,
issuances
settlements, net
Transfers
into and/or
out of
level 3(e)
Fair value at
December 31,
2009
Change in
unrealized
(gains)/losses
related to financial
instruments held at
December 31, 2009
Liabilities
(
f
)
:
Deposits $ 1,235 $ 47
(
a
)
$ (870) $ 64 $ 476 $ (36)
(
a
)
Other borrowed funds 101 (73)
(
a
)
621 (107) 542 9(a)
Trading liabilities:
Debt and equity instruments 288 64
(
a
)
(339) (3) 10 12(a)
Accounts payable and other liabilities — (55)
(
a
)
410 — 355 (29)
(
a
)
Beneficial interests
issued by
consolidated VIEs — 344(a) (598) 879 625 327(a)
Long-term debt 16,548 1,367
(
a
)
(2,738) 3,110 18,287 1,728(a)