JP Morgan Chase 2012 Annual Report Download - page 143

JPMorgan Chase & Co./2012 Annual Report 153
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, 2011
(in millions)
Top 25 industries(a)
Real Estate $ 67,594 $ 40,921 $ 19,947 $ 5,732 $ 994 $ 411 $ 256 $ (97) $ (359)
Banks & Finance Cos 71,440 59,115 11,744 555 26 20 (211) (3,053) (9,585)
Healthcare 42,247 35,146 6,816 228 57 166 — (304) (320)
Oil & Gas 35,437 24,957 10,178 274 28 3 — (119) (88)
State & Municipal Govt(b) 41,930 40,565 1,122 113 130 23 — (185) (147)
Consumer Products 29,637 19,728 9,040 832 37 3 13 (272) (50)
Asset Managers 33,465 28,834 4,201 429 1 24 — — (4,807)
Utilities 28,650 23,557 4,412 174 507 — 76 (105) (359)
Retail & Consumer Services 22,891 14,567 7,446 778 100 15 1 (96) (1)
Central Govt 17,138 16,524 488 126 — — — (9,796) (813)
Metals/Mining 15,254 8,716 6,339 198 1 6 (19) (423) —
Transportation 16,305 12,061 3,930 256 58 6 17 (178) —
Machinery & Equipment Mfg 16,498 9,014 7,236 238 10 1 (1) (19) —
Technology 17,898 12,494 4,985 417 2 — 4 (191) —
Media 11,909 6,853 3,729 866 461 1 18 (188) —
Insurance 13,092 9,425 2,852 802 13 — — (552) (454)
Business Services 12,408 7,093 5,012 264 39 17 22 (20) (2)
Building Materials/Construction 11,770 5,175 5,335 1,256 4 6 (4) (213) —
Telecom Services 11,552 8,502 2,493 546 11 2 5 (390) —
Chemicals/Plastics 11,728 7,867 3,700 146 15 — — (95) (20)
Automotive 9,910 5,699 4,123 88 — 9 (11) (819) —
Leisure 5,650 3,051 1,680 530 389 1 1 (81) (26)
Agriculture/Paper Mfg 7,594 4,888 2,540 166 — 9 — — —
Aerospace/Defense 8,560 7,646 845 69 — 7 — (208) —
Securities Firms & Exchanges 12,394 10,799 1,571 23 1 10 73 (395) (3,738)
All other 180,660 161,546 16,785 1,653 676 1,099 200 (8,441) (1,038)
Subtotal $ 753,611 $ 584,743 $ 148,549 $ 16,759 $ 3,560 $ 1,839 $ 440 $ (26,240) $ (21,807)
Loans held-for-sale and loans at fair
value 4,621
Receivables from customers and
other 17,461
Total $ 775,693
(a) The industry rankings presented in the table as of December 31, 2011, are based on the industry rankings of the corresponding exposures at
December 31, 2012, not actual rankings of such exposures at December 31, 2011.
(b) In addition to the credit risk exposure to states and municipal governments (both U.S. and non-U.S.) at December 31, 2012 and 2011, noted above, the
Firm held $18.2 billion and $16.7 billion, respectively, of trading securities and $21.7 billion and $16.5 billion, respectively, of AFS securities issued by
U.S. state and municipal governments. For further information, see Note 3 and Note 12 on pages 196–214 and 244–248, respectively, of this Annual
Report.
(c) Credit exposure is net of risk participations and excludes the benefit of “Credit Portfolio Management derivatives net notional” held against derivative
receivables or loans and “Liquid securities and other cash collateral held against derivative receivables”.
(d) As of December 31, 2012, exposures deemed criticized correspond to special mention, substandard and doubtful categories as defined by bank regulatory
agencies. Prior periods have been reclassified to conform with the current presentation.
(e) Represents the net notional amounts of protection purchased and sold through credit derivatives used to manage the credit exposures; these derivatives
do not qualify for hedge accounting under U.S. GAAP. The all other category includes purchased credit protection on certain credit indices. Credit Portfolio
Management derivatives excludes the synthetic credit portfolio.
(f) Prior to the first quarter of 2012, reported amounts had only included defaulted derivatives; effective in the first quarter of 2012, reported amounts in all
periods include both defaulted derivatives as well as derivatives that have been risk rated as nonperforming.