JP Morgan Chase 2015 Annual Report Download - page 245

JPMorgan Chase & Co./2015 Annual Report 235
Securities impairment
The following tables present the fair value and gross unrealized losses for the investment securities portfolio by aging category
at December 31, 2015 and 2014.
Securities with gross unrealized losses
Less than 12 months 12 months or more
December 31, 2015 (in millions) Fair value
Gross unrealized
losses Fair value
Gross unrealized
losses
Total fair
value
Total gross
unrealized losses
Available-for-sale debt securities
Mortgage-backed securities:
U.S. government agencies $ 13,002 $ 95 $ 697 $ 11 $ 13,699 $ 106
Residential:
Prime and Alt-A 5,147 51 238 6 5,385 57
Subprime ——————
Non-U.S. 2,021 12 167 1 2,188 13
Commercial 13,779 239 658 4 14,437 243
Total mortgage-backed securities 33,949 397 1,760 22 35,709 419
U.S. Treasury and government agencies 10,998 166 — — 10,998 166
Obligations of U.S. states and municipalities 1,676 18 205 5 1,881 23
Certificates of deposit ——————
Non-U.S. government debt securities 3,267 26 367 15 3,634 41
Corporate debt securities 3,198 125 848 45 4,046 170
Asset-backed securities:
Collateralized loan obligations 15,340 67 10,692 124 26,032 191
Other 4,284 60 1,005 40 5,289 100
Total available-for-sale debt securities 72,712 859 14,877 251 87,589 1,110
Available-for-sale equity securities ——————
Held-to-maturity securities 3,763 46 — — 3,763 46
Total securities with gross unrealized losses $ 76,475 $ 905 $ 14,877 $ 251 $ 91,352 $ 1,156
Securities with gross unrealized losses
Less than 12 months 12 months or more
December 31, 2014 (in millions) Fair value
Gross unrealized
losses Fair value
Gross unrealized
losses
Total fair
value
Total gross
unrealized losses
Available-for-sale debt securities
Mortgage-backed securities:
U.S. government agencies $ 1,118 $ 5 $ 4,989 $ 67 $ 6,107 $ 72
Residential:
Prime and Alt-A 1,840 10 405 19 2,245 29
Subprime — — — — — —
Non-U.S. — — — — — —
Commercial 4,803 15 92 2 4,895 17
Total mortgage-backed securities 7,761 30 5,486 88 13,247 118
U.S. Treasury and government agencies 8,412 14 — — 8,412 14
Obligations of U.S. states and municipalities 1,405 15 130 1 1,535 16
Certificates of deposit 1,050 1 — — 1,050 1
Non-U.S. government debt securities 4,433 4 906 17 5,339 21
Corporate debt securities 2,492 22 80 2 2,572 24
Asset-backed securities:
Collateralized loan obligations 13,909 76 9,012 106 22,921 182
Other 2,258 11 — — 2,258 11
Total available-for-sale debt securities 41,720 173 15,614 214 57,334 387
Available-for-sale equity securities — — — — — —
Held-to-maturity securities — — — — — —
Total securities with gross unrealized losses $ 41,720 $ 173 $ 15,614 $ 214 $ 57,334 $ 387