JP Morgan Chase 2013 Annual Report Download - page 127

JPMorgan Chase & Co./2013 Annual Report 133
Selected metrics
30 days or
more past
due and
accruing
loans
Net charge-
offs/
(recoveries)
Credit
derivative
hedges(f)
Liquid
securities
and other
cash
collateral
held against
derivative
receivables
Noninvestment-grade(e)
Credit
exposure(d) 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) $ (509)
Banks & Finance Cos 73,318 55,805 16,928 578 7 20 (34) (3,524) (6,027)
Oil & Gas 42,563 31,258 11,012 270 23 9 — (155) (101)
Healthcare 48,487 41,146 6,761 569 11 38 9 (238) (459)
State & Municipal Govt(b) 41,821 40,562 1,093 52 114 28 2 (186) (221)
Consumer Products 32,778 21,428 10,473 868 9 2 (16) (275) (12)
Asset Managers 31,474 26,283 4,987 204 — 46 — — (2,714)
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)
Technology 18,488 12,089 5,683 696 20 — 1 (226) —
Central Govt 21,223 20,678 484 61 — — — (11,620) (1,154)
Machinery & Equipment Mfg 18,504 10,228 7,827 444 5 — 2 (23) —
Metals/Mining 20,958 12,912 7,608 406 32 8 (1) (409) (126)
Business Services 13,577 7,172 6,132 232 41 9 23 (10) —
Transportation 19,827 15,128 4,353 283 63 5 2 (82) (1)
Telecom Services 12,239 7,792 3,244 1,200 3 5 1 (229) —
Media 16,007 7,473 7,754 517 263 2 (218) (93) (8)
Insurance 14,446 12,156 2,119 171 — 2 (2) (143) (1,729)
Building Materials/Construction 12,377 5,690 4,172 791 4 8 1 (114) (11)
Automotive 11,511 6,447 5,892 101 — — — (530) —
Chemicals/Plastics 11,591 7,234 4,172 169 16 18 2 (55) (74)
Securities Firms & Exchanges 5,756 4,096 1,612 46 2 — — (171) (183)
Agriculture/Paper Mfg 7,729 5,029 2,657 42 1 5 — — —
Aerospace/Defense 6,702 5,518 1,150 33 1 — — (141) —
Leisure 7,748 3,160 3,724 551 313 — (13) (63) (24)
All other(c) 195,567 174,264 21,353 384 357 1,478 5 (8,767) (1,479)
Subtotal $ 816,019 $ 624,668 $ 175,713 $ 13,610 $ 2,028 $ 2,096 $ (178) $ (27,447) $ (15,201)
Loans held-for-sale and loans at fair
value 6,961
Receivables from customers and
other 23,648
Total $ 846,628
(a) The industry rankings presented in the table as of December 31, 2012, are based on the industry rankings of the corresponding exposures at
December 31, 2013, not actual rankings of such exposures at December 31, 2012.
(b) In addition to the credit risk exposure to states and municipal governments (both U.S. and non-U.S.) at December 31, 2013 and 2012, noted above, the
Firm held $7.9 billion and $18.2 billion, respectively, of trading securities and $30.4 billion and $21.7 billion, respectively, of AFS and HTM securities
issued by U.S. state and municipal governments. For further information, see Note 3 and Note 12 on pages 195–215 and 249–254, respectively, of this
Annual Report.
(c) All other includes: individuals, private education and civic organizations; SPEs; and holding companies, representing approximately 64%, 22% and 5%,
respectively, at December 31, 2013, and 57%, 28% and 7%, respectively, at December 31, 2012.
(d) 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”.
(e) Exposures deemed criticized correspond to special mention, substandard and doubtful categories as defined by US bank regulatory agencies.
(f) 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.