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Management’s discussion and analysis
152 JPMorgan Chase & Co./2012 Annual Report
Below are summaries of the top 25 industry exposures as of December 31, 2012 and 2011. For additional information on industry
concentrations, see Note 5 on page 217 of this Annual Report.
Selected metrics
30 days or
more past
due and
accruing
loans
Net charge-
offs/
(recoveries)
Credit
derivative
hedges(e)
Liquid
securities
and other
cash
collateral
held against
derivative
receivables
Noninvestment-grade(d)(f)
Credit
exposure(c)
Investment-
grade Noncriticized
Criticized
performing
Criticized
nonperforming
As of or for the year ended
December 31, 2012
(in millions)
Top 25 industries(a)
Real Estate $ 76,198 $ 50,103 $ 21,503 $ 4,067 $ 525 $ 391 $ 54 $ (41) $ (507)
Banks & Finance Cos 73,318 55,805 16,928 578 7 20 (34) (3,524) (5,983)
Healthcare 48,487 41,146 6,761 569 11 38 9 (238) (450)
Oil & Gas 42,563 31,258 11,012 270 23 9 — (155) (101)
State & Municipal Govt(b) 41,821 40,562 1,093 52 114 28 2 (186) (218)
Consumer Products 32,778 21,428 10,473 868 9 2 (16) (275) (12)
Asset Managers 31,474 26,283 4,987 204 — 46 — — (2,667)
Utilities 29,533 24,917 4,257 175 184 2 15 (315) (368)
Retail & Consumer Services 25,597 16,100 8,763 700 34 20 (11) (37) (1)
Central Govt 21,223 20,678 484 61 — — — (11,620) (1,154)
Metals/Mining 20,958 12,912 7,608 406 32 8 (1) (409) (124)
Transportation 19,827 15,128 4,353 283 63 5 2 (82) (1)
Machinery & Equipment Mfg 18,504 10,228 7,827 444 5 — 2 (23) —
Technology 18,488 12,089 5,683 696 20 — 1 (226) —
Media 16,007 7,473 7,754 517 263 2 (218) (93) —
Insurance 14,446 12,156 2,119 171 — 2 (2) (143) (1,654)
Business Services 13,577 7,172 6,132 232 41 9 23 (10) —
Building Materials/Construction 12,377 5,690 5,892 791 4 8 1 (114) —
Telecom Services 12,239 7,792 3,244 1,200 3 5 1 (229) —
Chemicals/Plastics 11,591 7,234 4,172 169 16 18 2 (55) (74)
Automotive 11,511 6,447 4,963 101 — — — (530) —
Leisure 7,748 3,160 3,724 551 313 — (13) (63) (24)
Agriculture/Paper Mfg 7,729 5,029 2,657 42 1 5 — — —
Aerospace/Defense 6,702 5,518 1,150 33 1 — — (141) —
Securities Firms & Exchanges 5,756 4,096 1,612 46 2 — — (171) (179)
All other 195,567 174,264 20,562 384 357 1,478 5 (8,767) (141)
Subtotal $ 816,019 $ 624,668 $ 175,713 $ 13,610 $ 2,028 $ 2,096 $ (178) $ (27,447) $ (13,658)
Loans held-for-sale and loans at fair
value 6,961
Receivables from customers and
other 23,648
Total $ 846,628