JP Morgan Chase 2015 Annual Report Download - page 135

JPMorgan Chase & Co./2015 Annual Report 125
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
Credit
exposure(e)
Investment-
grade Noncriticized
Criticized
performing
Criticized
nonperforming
As of or for the year ended
December 31, 2014
(in millions)
Real Estate $ 105,975 $ 78,996 $ 25,370 $ 1,356 $ 253 $ 309 $ (9) $ (36) $ (27)
Consumer & Retail 83,663 52,872 28,289 2,315 187 92 9 (81) (26)
Technology, Media &
Telecommunications 46,655 29,792 15,358 1,446 59 25 (5) (1,107) (13)
Industrials 47,859 29,246 17,483 1,117 13 58 (1) (338) (24)
Healthcare 56,516 48,402 7,584 488 42 193 16 (94) (244)
Banks & Finance Cos 55,098 45,962 8,611 508 17 46 (4) (1,232) (9,369)
Oil & Gas 43,148 29,260 13,831 56 1 15 2 (144) (161)
Utilities 27,441 23,533 3,653 255 — 198 (3) (155) (193)
State & Municipal Govt(b) 31,068 30,147 819 102 — 69 24 (148) (130)
Asset Managers 27,488 24,054 3,376 57 1 38 (12) (9) (4,545)
Transportation 20,619 13,751 6,703 165 — 5 (12) (42) (279)
Central Govt 19,881 19,647 176 58 — — — (11,342) (1,161)
Chemicals & Plastics 12,612 9,256 3,327 29 — 1 (2) (14) —
Metals & Mining 14,969 8,304 6,161 504 — — 18 (377) (19)
Automotive 12,754 8,071 4,522 161 — 1 (1) (140) —
Insurance 13,350 10,550 2,558 80 162 — — (52) (2,372)
Financial Markets Infrastructure 11,986 11,487 499 — — — — — (4)
Securities Firms 4,801 2,491 2,245 10 55 20 4 (102) (212)
All other(c) 134,475 118,639 15,214 435 187 1,231 (12) (11,290) (825)
Subtotal $ 770,358 $ 594,460 $ 165,779 $ 9,142 $ 977 $ 2,301 $ 12 $ (26,703) $ (19,604)
Loans held-for-sale and loans at fair
value 6,412
Receivables from customers and
interests in purchased receivables 28,972
Total(d) $ 805,742
(a) The industry rankings presented in the table as of December 31, 2014, are based on the industry rankings of the corresponding exposures at
December 31, 2015, not actual rankings of such exposures at December 31, 2014.
(b) In addition to the credit risk exposure to states and municipal governments (both U.S. and non-U.S.) at December 31, 2015 and 2014, noted above, the
Firm held: $7.6 billion and $10.6 billion, respectively, of trading securities; $33.6 billion and $30.1 billion, respectively, of available-for-sale (“AFS”)
securities; and $12.8 billion and $10.2 billion, respectively, of held-to-maturity (“HTM”) securities, issued by U.S. state and municipal governments. For
further information, see Note 3 and Note 12.
(c) All other includes: individuals; SPEs; holding companies; and private education and civic organizations, representing approximately 54%, 37%, 5% and
4%, respectively, at December 31, 2015, and 55%, 33%, 6% and 6%, respectively, at December 31, 2014.
(d) Excludes cash placed with banks of $351.0 billion and $501.5 billion, at December 31, 2015 and 2014, respectively, placed with various central banks,
predominantly Federal Reserve Banks.
(e) Credit exposure is net of risk participations and excludes the benefit of “Credit derivatives used in credit portfolio management activities” held against
derivative receivables or loans and “Liquid securities and other cash collateral held against derivative receivables”.
(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.