0000019617-23-000524 | 10-Q | XBRL Viewer

Fair Value Measurement

9 Months Ended

Sep. 30, 2023

Fair value measurementRefer to Note 2 of JPMorgan Chase’s 2022 Form 10-K for a discussion of the Firm’s valuation methodologies for assets, liabilities and lending-related commitments measured at fair value and the fair value hierarchy.

The following table presents the assets and liabilities reported at fair value as of September 30, 2023 and December 31, 2022, by major product category and fair value hierarchy.


Assets and liabilities measured at fair value on a recurring basis
	Fair value hierarchy						Derivative netting adjustments(f)

September 30, 2023 (in millions)	Level 1		Level 2		Level 3				Total fair value
Federal funds sold and securities purchased under resale agreements	$	—	$	344,193	$	—	$	—	$	344,193
Securities borrowed	—		68,046		—		—		68,046
Trading assets:
Debt instruments:
Mortgage-backed securities:
U.S. GSEs and government agencies(a)	—		88,624		779		—		89,403
Residential – nonagency	—		2,164		5		—		2,169
Commercial – nonagency	—		1,677		13		—		1,690
Total mortgage-backed securities	—		92,465		797		—		93,262
U.S. Treasury, GSEs and government agencies(a)	123,392		9,100		—		—		132,492
Obligations of U.S. states and municipalities	—		6,265		9		—		6,274
Certificates of deposit, bankers’ acceptances and commercial paper	—		2,760		—		—		2,760
Non-U.S. government debt securities	34,373		54,850		151		—		89,374
Corporate debt securities	—		32,734		652		—		33,386
Loans	—		7,098		1,048		—		8,146
Asset-backed securities	—		2,960		6		—		2,966
Total debt instruments	157,765		208,232		2,663		—		368,660
Equity securities	135,880		976		151		—		137,007
Physical commodities(b)	2,657		10,409		5		—		13,071
Other	—		16,040		103		—		16,143
Total debt and equity instruments(c)	296,302		235,657		2,922		—		534,881
Derivative receivables:
Interest rate	5,929		280,613		4,399		(259,844)		31,097
Credit	—		10,418		1,198		(10,298)		1,318
Foreign exchange	275		235,721		1,320		(214,708)		22,608
Equity	—		54,647		3,531		(52,458)		5,720
Commodity	—		17,272		196		(11,141)		6,327
Total derivative receivables	6,204		598,671		10,644		(548,449)		67,070
Total trading assets(d)	302,506		834,328		13,566		(548,449)		601,951
Available-for-sale securities:
Mortgage-backed securities:
U.S. GSEs and government agencies(a)	6		82,511		—		—		82,517
Residential – nonagency	—		3,578		—		—		3,578
Commercial – nonagency	—		2,558		—		—		2,558
Total mortgage-backed securities	6		88,647		—		—		88,653
U.S. Treasury and government agencies	53,241		118		—		—		53,359
Obligations of U.S. states and municipalities	—		19,662		—		—		19,662
Non-U.S. government debt securities	18,196		8,317		—		—		26,513
Corporate debt securities	—		134		60		—		194
Asset-backed securities:
Collateralized loan obligations	—		5,703		—		—		5,703
Other(a)	—		3,035		—		—		3,035
Total available-for-sale securities	71,443		125,616		60		—		197,119
Loans(e)	—		35,125		3,683		—		38,808
Mortgage servicing rights	—		—		9,109		—		9,109
Other assets(d)	6,054		6,229		888		—		13,171
Total assets measured at fair value on a recurring basis	$	380,003	$	1,413,537	$	27,306	$	(548,449)	$	1,272,397
Deposits	$	—	$	63,154	$	1,852	$	—	$	65,006
Federal funds purchased and securities loaned or sold under repurchase agreements	—		211,571		—		—		211,571
Short-term borrowings	—		17,344		1,945		—		19,289
Trading liabilities:
Debt and equity instruments(c)	132,323		33,130		41		—		165,494
Derivative payables:
Interest rate	3,880		268,415		5,510		(261,831)		15,974
Credit	—		10,728		647		(10,493)		882
Foreign exchange	269		233,348		807		(221,519)		12,905
Equity	—		57,499		4,830		(55,424)		6,905
Commodity	—		17,238		319		(12,260)		5,297
Total derivative payables	4,149		587,228		12,113		(561,527)		41,963
Total trading liabilities	136,472		620,358		12,154		(561,527)		207,457
Accounts payable and other liabilities	2,999		1,430		63		—		4,492
Beneficial interests issued by consolidated VIEs	—		66		—		—		66
Long-term debt	—		53,510		24,847		—		78,357
Total liabilities measured at fair value on a recurring basis	$	139,471	$	967,433	$	40,861	$	(561,527)	$	586,238


	Fair value hierarchy						Derivative netting adjustments(f)

December 31, 2022 (in millions)	Level 1		Level 2		Level 3				Total fair value
Federal funds sold and securities purchased under resale agreements	$	—	$	311,883	$	—	$	—	$	311,883
Securities borrowed	—		70,041		—		—		70,041
Trading assets:
Debt instruments:
Mortgage-backed securities:
U.S. GSEs and government agencies(a)	—		68,162		759		—		68,921
Residential – nonagency	—		2,498		5		—		2,503
Commercial – nonagency	—		1,448		7		—		1,455
Total mortgage-backed securities	—		72,108		771		—		72,879
U.S. Treasury, GSEs and government agencies(a)	61,191		8,546		—		—		69,737
Obligations of U.S. states and municipalities	—		6,608		7		—		6,615
Certificates of deposit, bankers’ acceptances and commercial paper	—		2,009		—		—		2,009
Non-U.S. government debt securities	18,213		48,429		155		—		66,797
Corporate debt securities	—		25,626		463		—		26,089
Loans	—		5,744		759		—		6,503
Asset-backed securities	—		2,536		23		—		2,559
Total debt instruments	79,404		171,606		2,178		—		253,188
Equity securities	82,483		2,060		665		—		85,208
Physical commodities(b)	9,595		16,673		2		—		26,270
Other	—		18,146		64		—		18,210
Total debt and equity instruments(c)	171,482		208,485		2,909		—		382,876
Derivative receivables:
Interest rate	3,390		292,956		4,069		(271,996)		28,419
Credit	—		9,722		607		(9,239)		1,090
Foreign exchange	169		240,207		1,203		(218,214)		23,365
Equity	—		57,485		4,428		(52,774)		9,139
Commodity	—		24,982		375		(16,490)		8,867
Total derivative receivables	3,559		625,352		10,682		(568,713)		70,880
Total trading assets(d)	175,041		833,837		13,591		(568,713)		453,756
Available-for-sale securities:
Mortgage-backed securities:
U.S. GSEs and government agencies(a)	3		71,500		—		—		71,503
Residential – nonagency	—		4,620		—		—		4,620
Commercial – nonagency	—		1,958		—		—		1,958
Total mortgage-backed securities	3		78,078		—		—		78,081
U.S. Treasury and government agencies	92,060		—		—		—		92,060
Obligations of U.S. states and municipalities	—		6,786		—		—		6,786
Non-U.S. government debt securities	10,591		9,105		—		—		19,696
Corporate debt securities	—		118		239		—		357
Asset-backed securities:
Collateralized loan obligations	—		5,792		—		—		5,792
Other	—		3,085		—		—		3,085
Total available-for-sale securities	102,654		102,964		239		—		205,857
Loans(e)	—		40,661		1,418		—		42,079
Mortgage servicing rights	—		—		7,973		—		7,973
Other assets(d)	7,544		6,065		405		—		14,014
Total assets measured at fair value on a recurring basis	$	285,239	$	1,365,451	$	23,626	$	(568,713)	$	1,105,603
Deposits	$	—	$	26,458	$	2,162	$	—	$	28,620
Federal funds purchased and securities loaned or sold under repurchase agreements	—		151,999		—		—		151,999
Short-term borrowings	—		14,391		1,401		—		15,792
Trading liabilities:
Debt and equity instruments(c)	98,719		28,032		84		—		126,835
Derivative payables:
Interest rate	2,643		284,280		3,368		(274,321)		15,970
Credit	—		9,377		594		(9,217)		754
Foreign exchange	160		250,647		714		(232,665)		18,856
Equity	—		57,649		4,812		(53,657)		8,804
Commodity	—		22,748		521		(16,512)		6,757
Total derivative payables	2,803		624,701		10,009		(586,372)		51,141
Total trading liabilities	101,522		652,733		10,093		(586,372)		177,976
Accounts payable and other liabilities	5,702		1,283		53		—		7,038
Beneficial interests issued by consolidated VIEs	—		5		—		—		5
Long-term debt	—		48,189		24,092		—		72,281
Total liabilities measured at fair value on a recurring basis	$	107,224	$	895,058	$	37,801	$	(586,372)	$	453,711

(a)At September 30, 2023 and December 31, 2022, included total U.S. GSE obligations of $90.8 billion and $73.8 billion, respectively, which were mortgage-related.

(b)Physical commodities inventories are generally accounted for at the lower of cost or net realizable value. “Net realizable value” is a term defined in U.S. GAAP as not exceeding fair value less costs to sell (“transaction costs”). Transaction costs for the Firm’s physical commodities inventories are either not applicable or immaterial to the value of the inventory. Therefore, net realizable value approximates fair value for the Firm’s physical commodities inventories. When fair value hedging has been applied (or when net realizable value is below cost), the carrying value of physical commodities approximates fair value, because under fair value hedge accounting, the cost basis is adjusted for changes in fair value. Refer to Note 5 for a further discussion of the Firm’s hedge accounting relationships. To provide consistent fair value disclosure information, all physical commodities inventories have been included in each period presented.

(c)Balances reflect the reduction of securities owned (long positions) by the amount of identical securities sold but not yet purchased (short positions).

(d)Certain investments that are measured at fair value using the net asset value per share (or its equivalent) as a practical expedient are not required to be classified in the fair value hierarchy. At September 30, 2023 and December 31, 2022, the fair values of these investments, which include certain hedge funds, private equity funds, real estate and other funds, were $1.0 billion and $950 million, respectively. Included in these balances at September 30, 2023 and December 31, 2022, were trading assets of $42 million and $43 million, respectively, and other assets of $997 million and $907 million, respectively.

(e)At September 30, 2023 and December 31, 2022, included $9.4 billion and $9.7 billion, respectively, of residential first-lien mortgages, and $6.2 billion and $6.8 billion, respectively, of commercial first-lien mortgages. Residential mortgage loans include conforming mortgage loans originated with the intent to sell to U.S. GSEs and government agencies of $3.7 billion and $2.4 billion, respectively.

(f)As permitted under U.S. GAAP, the Firm has elected to net derivative receivables and derivative payables and the related cash collateral received and paid when a legally enforceable master netting agreement exists. The level 3 balances would be reduced if netting were applied, including the netting benefit associated with cash collateral.

Level 3 valuations

Refer to Note 2 of JPMorgan Chase’s 2022 Form 10-K for further information on the Firm’s valuation process and a detailed discussion of the determination of fair value for individual financial instruments.

The following table presents the Firm’s primary level 3 financial instruments, the valuation techniques used to measure the fair value of those financial instruments, the significant unobservable inputs, the range of values for those inputs and the weighted or arithmetic averages of such inputs. While the determination to classify an instrument within level 3 is based on the significance of the unobservable inputs to the overall fair value measurement, level 3 financial instruments typically include observable components (that is, components that are actively quoted and can be validated to external sources) in addition to the unobservable components. The level 1 and/or level 2 inputs are not included in the table. In addition, the Firm manages the risk of the observable components of level 3 financial instruments using securities and derivative positions that are classified within levels 1 or 2 of the fair value hierarchy.

The range of values presented in the table is representative of the highest and lowest level input used to value the significant groups of instruments within a product/instrument classification. Where provided, the weighted averages of the input values presented in the table are calculated based on the fair value of the instruments that the input is being used to value.

In the Firm’s view, the input range, weighted and arithmetic average values do not reflect the degree of input uncertainty or an assessment of the reasonableness of the Firm’s estimates and assumptions. Rather, they reflect the characteristics of the various instruments held by the Firm and the relative distribution of instruments within the range of characteristics. For example, two option contracts may have similar levels of market risk exposure and valuation uncertainty, but may have significantly different implied volatility levels because the option contracts have different underlyings, tenors, or strike prices. The input range and weighted average values will therefore vary from period-to-period and parameter-to-parameter based on the characteristics of the instruments held by the Firm at each balance sheet date.


Level 3 inputs(a)
September 30, 2023
Product/Instrument	Fair value (in millions)		Principal valuation technique	Unobservable inputs(g)	Range of input values		Average(i)
Residential mortgage-backed securities and loans(b)	$	1,664	Discounted cash flows	Yield	0%	80%		8%
				Prepayment speed	3%	11%		8%
				Conditional default rate	0%	5%		0%
				Loss severity	0%	110%		3%
Commercial mortgage-backed securities and loans(c)	2,255		Market comparables	Price	$0	$100		$81
Corporate debt securities	712		Market comparables	Price	$0	$242		$99
Loans(d)	1,609		Market comparables	Price	$0	$118		$75
Non-U.S. government debt securities	151		Market comparables	Price	$6	$102		$89
Net interest rate derivatives	(1,101)		Option pricing	Interest rate volatility	26bps	814bps		136bps
				Interest rate spread volatility	37bps	77bps		64bps
				Bermudan switch value	0%	52%		18%
				Interest rate correlation	(85)%	90%		15%
				IR-FX correlation	(35)%	60%		3%
	(10)		Discounted cash flows	Prepayment speed	0%	20%		5%
Net credit derivatives	520		Discounted cash flows	Credit correlation	35%	65%		49%
				Credit spread	0bps	13,323bps		340bps
				Recovery rate	10%	90%		41%
	31		Market comparables	Price	$0	$115		$73
Net foreign exchange derivatives	582		Option pricing	IR-FX correlation	(40)%	60%		20%
	(69)		Discounted cash flows	Prepayment speed	11%			11%
				Interest rate curve	0%	14%		6%
Net equity derivatives	(1,299)		Option pricing	Forward equity price(h)	83%	162%		102%
				Equity volatility	3%	203%		32%
				Equity correlation	17%	100%		57%
				Equity-FX correlation	(80)%	59%		(30)%
				Equity-IR correlation	10%	20%		18%
Net commodity derivatives	(123)		Option pricing	Oil commodity forward	37 $/BBL	273 $/BBL		155 $/BBL
				Natural gas commodity forward	1 $/MMBTU	8 $/MMBTU		5 $/MMBTU
				Commodity volatility	5%	23%		14%
				Commodity correlation	(35)%	80%		23%
MSRs	9,109		Discounted cash flows	Refer to Note 15
Long-term debt, short-term borrowings, and deposits(e)	27,295		Option pricing	Interest rate volatility	26bps	814bps		136bps
				Bermudan switch value	0%	52%		18%
				Interest rate correlation	(85)%	90%		15%
				IR-FX correlation	(35)%	60%		3%
				Equity correlation	17%	100%		57%
				Equity-FX correlation	(80)%	59%		(30)%
				Equity-IR correlation	10%	20%		18%
	1,349		Discounted cash flows	Credit correlation	35%	65%		49%
				Yield	5%	20%		13%
				Conditional default rate	0%	1%		1%
				Loss severity	0%	100%		50%
Other level 3 assets and liabilities, net(f)	1,058

(a)The categories presented in the table have been aggregated based upon the product type, which may differ from their classification on the Consolidated balance sheets. Furthermore, the inputs presented for each valuation technique in the table are, in some cases, not applicable to every instrument valued using the technique as the characteristics of the instruments can differ.

(b)Comprises U.S. GSE and government agency securities of $779 million, nonagency securities of $5 million and non-trading loans of $880 million.

(c)Comprises nonagency securities of $13 million, trading loans of $72 million and non-trading loans of $2.2 billion.

(d)Comprises trading loans of $976 million and non-trading loans of $633 million.

(e)Long-term debt, short-term borrowings and deposits include structured notes issued by the Firm that are financial instruments that typically contain embedded derivatives. The estimation of the fair value of structured notes includes the derivative features embedded within the instrument. The significant unobservable inputs are broadly consistent with those presented for derivative receivables.

(f)Includes equity securities of $830 million including $680 million in Other assets, for which quoted prices are not readily available and the fair value is generally based on internal valuation techniques such as EBITDA multiples and comparable analysis. All other level 3 assets and liabilities are insignificant both individually and in aggregate.

(g)Price is a significant unobservable input for certain instruments. When quoted market prices are not readily available, reliance is generally placed on price-based internal valuation techniques. The price input is expressed assuming a par value of $100.

(h)Forward equity price is expressed as a percentage of the current equity price.

(i)Amounts represent weighted averages except for derivative related inputs where arithmetic averages are used.

Changes in and ranges of unobservable inputs

Refer to Note 2 of JPMorgan Chase’s 2022 Form 10-K for a discussion of the impact on fair value of changes in unobservable inputs and the relationships between unobservable inputs as well as a description of attributes of the underlying instruments and external market factors that affect the range of inputs used in the valuation of the Firm’s positions.

Changes in level 3 recurring fair value measurements

The following tables include a rollforward of the Consolidated balance sheets amounts (including changes in fair value) for financial instruments classified by the Firm within level 3 of the fair value hierarchy for the three months ended September 30, 2023 and 2022. When a determination is made to classify a financial instrument within level 3, the determination is based on the significance of the unobservable inputs to the overall fair value measurement. However, level 3 financial instruments typically include, in addition to the unobservable or level 3 components, observable components (that is, components that are actively quoted and can be validated to external sources); accordingly, the gains and losses in the table below include changes in fair value due in part to observable factors that are part of the valuation methodology. Also, the Firm risk-manages the observable components of level 3 financial instruments using securities and derivative positions that are classified within level 1 or 2 of the fair value hierarchy; as these level 1 and level 2 risk management instruments are not included below, the gains or losses in the following tables do not reflect the effect of the Firm’s risk management activities related to such level 3 instruments.


	Fair value measurements using significant unobservable inputs
Three months ended September 30, 2023 (in millions)	Fair value at July 1, 2023		Total realized/unrealized gains/(losses)											Transfers into level 3		Transfers (out of) level 3		Fair value at September 30, 2023			Change in unrealized gains/(losses) related to financial instruments held at September 30, 2023
						Purchases(g)		Sales				Settlements(h)
Assets:(a)
Federal funds sold and securities purchased under resale agreements	$	—	$	—		$	—	$	—			$	—	$	—	$	—		$	—	$	—
Trading assets:
Debt instruments:
Mortgage-backed securities:
U.S. GSEs and government agencies	706		(4)			118		(20)				(21)		—		—			779		(4)
Residential – nonagency	5		—			—		—				—		—		—			5		—
Commercial – nonagency	6		6			1		—				—		—		—			13		7
Total mortgage-backed securities	717		2			119		(20)				(21)		—		—			797		3
Obligations of U.S. states and municipalities	6		—			—		—				—		3		—			9		—
Non-U.S. government debt securities	199		9			16		(53)				—		—		(20)			151		18
Corporate debt securities	522		15			191		(56)				(1)		8		(27)			652		4
Loans	1,105		(56)			161		(172)				(12)		108		(86)			1,048		(56)
Asset-backed securities	14		1			—		(8)				—		—		(1)			6		1
Total debt instruments	2,563		(29)			487		(309)				(34)		119		(134)			2,663		(30)
Equity securities	631		2			26		(100)				(442)		41		(7)			151		7
Physical commodities	6		(2)			1		—				—		—		—			5		(2)
Other	113		(3)			9		—				(15)		—		(1)			103		(2)
Total trading assets – debt and equity instruments	3,313		(32)		(c)	523		(409)				(491)		160		(142)			2,922		(27)		(c)
Net derivative receivables:(b)
Interest rate	(1,122)		(162)			79		(127)				349		(56)		(72)			(1,111)		(267)
Credit	689		11			2		—				(150)		(4)		3			551		11
Foreign exchange	389		88			55		(18)				(5)		7		(3)			513		51
Equity	(1,881)		1,013			145		(222)				(385)		70		(39)			(1,299)		1,060
Commodity	(353)		113			3		(101)				31		—		184			(123)		104
Total net derivative receivables	(2,278)		1,063		(c)	284		(468)				(160)		17		73			(1,469)		959		(c)
Available-for-sale securities:
Corporate debt securities	267		(4)			—		(165)				—		—		(38)			60		(3)
Total available-for-sale securities	267		(4)		(d)	—		(165)				—		—		(38)			60		(3)		(d)
Loans	3,808		110		(c)	24		(34)				(442)		276		(59)			3,683		25		(c)
Mortgage servicing rights	8,229		596		(e)	650		(101)				(265)		—		—			9,109		596		(e)
Other assets	417		(1)		(c)	498		(11)				(14)		—		(1)			888		(1)		(c)

	Fair value measurements using significant unobservable inputs
Three months ended September 30, 2023 (in millions)	Fair value at July 1, 2023		Total realized/unrealized (gains)/losses											Transfers into level 3		Transfers (out of) level 3		Fair value at September 30, 2023			Change in unrealized (gains)/losses related to financial instruments held at September 30, 2023
						Purchases		Sales		Issuances		Settlements(h)
Liabilities:(a)
Deposits	$	2,053	$	(34)	(c)(f)	$	—	$	—	$	341	$	(468)	$	—	$	(40)		$	1,852	$	(34)	(c)(f)
Short-term borrowings	1,704		22		(c)(f)	—		—		1,371		(1,150)		—		(2)			1,945		2		(c)(f)
Trading liabilities – debt and equity instruments	63		(5)		(c)	(2)		2		—		(2)		—		(15)			41		—
Accounts payable and other liabilities	68		(7)		(c)	(11)		13		—		—		—		—			63		(7)		(c)
Long-term debt	25,425		(764)		(c)(f)	—		—		3,380		(3,130)		18		(82)			24,847		(774)		(c)(f)


	Fair value measurements using significant unobservable inputs
Three months ended September 30, 2022 (in millions)	Fair value at July 1, 2022		Total realized/unrealized gains/(losses)											Transfers into level 3		Transfers (out of) level 3		Fair value at September 30, 2022			Change in unrealized gains/(losses) related to financial instruments held at September 30, 2022
						Purchases(g)		Sales				Settlements(h)
Assets:(a)
Federal funds sold and securities purchased under resale agreements	$	1	$	—		$	1	$	—			$	(1)	$	—	$	—		$	1	$	—
Trading assets:
Debt instruments:
Mortgage-backed securities:
U.S. GSEs and government agencies	803		5			5		—				(32)		—		(5)			776		5
Residential – nonagency	14		—			1		(5)				—		—		(1)			9		—
Commercial – nonagency	10		(1)			—		(1)				—		3		—			11		(1)
Total mortgage-backed securities	827		4			6		(6)				(32)		3		(6)			796		4
Obligations of U.S. states and municipalities	7		1			—		(1)				—		—		—			7		1
Non-U.S. government debt securities	205		(11)			21		(22)				(4)		8		(31)			166		(11)
Corporate debt securities	574		2			45		(75)				(28)		66		(236)			348		11
Loans	898		(15)			103		(144)				(43)		252		(186)			865		(16)
Asset-backed securities	20		5			15		(13)				—		—		(1)			26		1
Total debt instruments	2,531		(14)			190		(261)				(107)		329		(460)			2,208		(10)
Equity securities	661		(43)			16		(60)				(2)		18		(10)			580		(46)
Physical commodities	2		(1)			1		—				—		—		—			2		(1)
Other	87		19			10		—				(32)		1		(1)			84		15
Total trading assets – debt and equity instruments	3,281		(39)		(c)	217		(321)				(141)		348		(471)			2,874		(42)		(c)
Net derivative receivables:(b)
Interest rate	420		(574)			60		(108)				(38)		848		(53)			555		(552)
Credit	249		56			6		(1)				41		2		(10)			343		69
Foreign exchange	245		217			31		(43)				43		(1)		15			507		166
Equity	(1,234)		904			272		(424)				385		(134)		(95)			(326)		902
Commodity	26		116			14		(51)				29		4		61			199		141
Total net derivative receivables	(294)		719		(c)	383		(627)				460		719		(82)			1,278		726		(c)
Available-for-sale securities:
Corporate debt securities	186		(6)			—		—				—		—		—			180		(6)
Total available-for-sale securities	186		(6)		(d)	—		—				—		—		—			180		(6)		(d)
Loans	2,020		(53)		(c)	37		(85)				(102)		213		(456)			1,574		(52)		(c)
Mortgage servicing rights	7,439		504		(e)	510		(79)				(234)		—		—			8,140		504		(e)
Other assets	408		11		(c)	2		(1)				(44)		—		—			376		11		(c)

	Fair value measurements using significant unobservable inputs
Three months ended September 30, 2022 (in millions)	Fair value at July 1, 2022		Total realized/unrealized (gains)/losses											Transfers into level 3		Transfers (out of) level 3		Fair value at September 30, 2022			Change in unrealized (gains)/losses related to financial instruments held at September 30, 2022
						Purchases		Sales		Issuances		Settlements(h)
Liabilities:(a)
Deposits	$	2,032	$	(152)	(c)(f)	$	—	$	—	$	24	$	(18)	$	—	$	(60)		$	1,826	$	(154)	(c)(f)
Short-term borrowings	2,101		(22)		(c)(f)	—		—		863		(1,354)		—		(4)			1,584		(51)		(c)(f)
Trading liabilities – debt and equity instruments	56		3		(c)	(5)		14		—		—		7		(4)			71		7		(c)
Accounts payable and other liabilities	73		(4)		(c)	—		—		—		—		—		—			69		(4)		(c)
Long-term debt	23,077		(1,037)		(c)(f)	—		—		2,943		(2,404)		297		(448)			22,428		(1,075)		(c)(f)


	Fair value measurements using significant unobservable inputs
Nine months ended September 30, 2023 (in millions)	Fair value at Jan 1, 2023		Total realized/unrealized gains/(losses)											Transfers into level 3		Transfers (out of) level 3		Fair value at September 30, 2023			Change in unrealized gains/(losses) related to financial instruments held at September 30, 2023
						Purchases(g)		Sales				Settlements(h)
Assets:(a)
Federal funds sold and securities purchased under resale agreements	$	—	$	—		$	—	$	—			$	—	$	—	$	—		$	—	$	—
Trading assets:
Debt instruments:
Mortgage-backed securities:
U.S. GSEs and government agencies	759		3			249		(133)				(85)		—		(14)			779		3
Residential – nonagency	5		7			—		(6)				(2)		1		—			5		—
Commercial – nonagency	7		6			1		—				(1)		8		(8)			13		5
Total mortgage-backed securities	771		16			250		(139)				(88)		9		(22)			797		8
Obligations of U.S. states and municipalities	7		—			—		(1)				—		3		—			9		—
Non-U.S. government debt securities	155		49			116		(149)				—		—		(20)			151		86
Corporate debt securities	463		39			301		(116)				(3)		38		(70)			652		34
Loans	759		(54)			843		(299)				(125)		233		(309)			1,048		(28)
Asset-backed securities	23		1			5		(11)				(1)		5		(16)			6		(1)
Total debt instruments	2,178		51			1,515		(715)				(217)		288		(437)			2,663		99
Equity securities	665		(45)			134		(207)				(442)		181		(135)			151		(28)
Physical Commodities	2		(2)			7		—				(2)		—		—			5		5
Other	64		(43)			105		—				(19)		1		(5)			103		(25)
Total trading assets – debt and equity instruments	2,909		(39)		(c)	1,761		(922)				(680)		470		(577)			2,922		51		(c)
Net derivative receivables:(b)
Interest rate	701		(859)			174		(219)				376		(1,135)		(149)			(1,111)		(789)
Credit	13		485			5		(4)				52		22		(22)			551		487
Foreign exchange	489		140			134		(126)				(206)		126		(44)			513		114
Equity	(384)		1,036			758		(1,584)				(1,111)		530		(544)			(1,299)		936
Commodity	(146)		71			42		(219)				(80)		(11)		220			(123)		57
Total net derivative receivables	673		873		(c)	1,113		(2,152)				(969)		(468)		(539)			(1,469)		805		(c)
Available-for-sale securities:
Corporate debt securities	239		24			—		(165)				—		—		(38)			60		22
Total available-for-sale securities	239		24		(d)	—		(165)				—		—		(38)			60		22		(d)
Loans	1,418		133		(c)	2,309		(107)				(1,027)		1,193		(236)			3,683		29		(c)
Mortgage servicing rights	7,973		860		(e)	1,227		(191)				(760)		—		—			9,109		860		(e)
Other assets	405		20		(c)	515		(13)				(44)		8		(3)			888		56		(c)

	Fair value measurements using significant unobservable inputs
Nine months ended September 30, 2023 (in millions)	Fair value at Jan 1, 2023		Total realized/unrealized (gains)/losses											Transfers into level 3		Transfers (out of) level 3		Fair value at September 30, 2023			Change in unrealized (gains)/losses related to financial instruments held at September 30, 2023
						Purchases		Sales		Issuances		Settlements(h)
Liabilities:(a)
Deposits	$	2,162	$	(37)	(c)(f)	$	—	$	—	$	608	$	(716)	$	—	$	(165)		$	1,852	$	(41)	(c)(f)
Short-term borrowings	1,401		162		(c)(f)	—		—		3,613		(3,209)		2		(24)			1,945		12		(c)(f)
Trading liabilities – debt and equity instruments	84		(18)		(c)	(29)		8		—		(4)		18		(18)			41		3		(c)
Accounts payable and other liabilities	53		(3)		(c)	(13)		20		—		—		8		(2)			63		(3)		(c)
Long-term debt	24,092		917		(c)(f)	—		—		8,780		(8,655)		222		(509)			24,847		667		(c)(f)


	Fair value measurements using significant unobservable inputs
Nine months ended September 30, 2022 (in millions)	Fair value at Jan 1, 2022		Total realized/unrealized gains/(losses)											Transfers into level 3		Transfers (out of) level 3		Fair value at September 30, 2022			Change in unrealized gains/(losses) related to financial instruments held at September 30, 2022
						Purchases(g)		Sales				Settlements(h)
Assets:(a)
Federal funds sold and securities purchased under resale agreements	$	—	$	—		$	1	$	—			$	(1)	$	1	$	—		$	1	$	—
Trading assets:
Debt instruments:
Mortgage-backed securities:
U.S. GSEs and government agencies	265		31			670		(125)				(60)		—		(5)			776		29
Residential – nonagency	28		—			6		(5)				(12)		—		(8)			9		(1)
Commercial – nonagency	10		(1)			—		(1)				—		3		—			11		(1)
Total mortgage-backed securities	303		30			676		(131)				(72)		3		(13)			796		27
Obligations of U.S. states and municipalities	7		1			—		(1)				—		—		—			7		2
Non-U.S. government debt securities	81		(53)			426		(288)				(4)		51		(47)			166		(50)
Corporate debt securities	332		(33)			378		(146)				(65)		164		(282)			348		(27)
Loans	708		(52)			522		(406)				(202)		777		(482)			865		(25)
Asset-backed securities	26		5			17		(23)				—		5		(4)			26		1
Total debt instruments	1,457		(102)			2,019		(995)				(343)		1,000		(828)			2,208		(72)
Equity securities	662		(955)			337		(361)				(2)		977		(78)			580		(407)
Physical Commodities	—		(1)			3		—				—		—		—			2		(1)
Other	160		86			36		—				(195)		1		(4)			84		58
Total trading assets – debt and equity instruments	2,279		(972)		(c)	2,395		(1,356)				(540)		1,978		(910)			2,874		(422)		(c)
Net derivative receivables:(b)
Interest rate	(16)		(181)			285		(337)				218		865		(279)			555		25
Credit	74		387			14		(8)				(120)		—		(4)			343		367
Foreign exchange	(419)		755			178		(86)				75		17		(13)			507		716
Equity	(3,626)		3,472			932		(1,449)				688		(692)		349			(326)		3,106
Commodity	(907)		920			82		(257)				297		3		61			199		878
Total net derivative receivables	(4,894)		5,353		(c)	1,491		(2,137)				1,158		193		114			1,278		5,092		(c)
Available-for-sale securities:
Corporate debt securities	161		2			17		—				—		—		—			180		2
Total available-for-sale securities	161		2		(d)	17		—				—		—		—			180		2		(d)
Loans	1,933		(37)		(c)	431		(185)				(633)		829		(764)			1,574		79		(c)
Mortgage servicing rights	5,494		2,117		(e)	1,981		(750)				(702)		—		—			8,140		2,117		(e)
Other assets	306		136		(c)	48		(29)				(81)		2		(6)			376		131		(c)

	Fair value measurements using significant unobservable inputs
Nine months ended September 30, 2022 (in millions)	Fair value at Jan 1, 2022		Total realized/unrealized (gains)/losses											Transfers into level 3		Transfers (out of) level 3		Fair value at September 30, 2022			Change in unrealized (gains)/losses related to financial instruments held at September 30, 2022
						Purchases		Sales		Issuances		Settlements(h)
Liabilities:(a)
Deposits	$	2,317	$	(454)	(c)(f)	$	—	$	—	$	270	$	(87)	$	—	$	(220)		$	1,826	$	(446)	(c)(f)
Short-term borrowings	2,481		(409)		(c)(f)	—		—		3,249		(3,737)		15		(15)			1,584		17		(c)(f)
Trading liabilities – debt and equity instruments	30		(13)		(c)	(39)		48		—		—		51		(6)			71		14		(c)
Accounts payable and other liabilities	69		(10)		(c)	(28)		43		—		—		1		(6)			69		(9)		(c)
Long-term debt	24,374		(5,345)		(c)(f)	—		—		10,463		(6,925)		739		(878)			22,428		(5,097)		(c)(f)

(a)Level 3 assets at fair value as a percentage of total Firm assets at fair value (including assets measured at fair value on a nonrecurring basis) were 2% at both September 30, 2023 and December 31, 2022. Level 3 liabilities at fair value as a percentage of total Firm liabilities at fair value (including liabilities measured at fair value on a nonrecurring basis) were 7% and 8% at September 30, 2023 and December 31, 2022, respectively.

(b)All level 3 derivatives are presented on a net basis, irrespective of the underlying counterparty.

(c)Predominantly reported in principal transactions revenue, except for changes in fair value for CCB mortgage loans and lending-related commitments originated with the intent to sell, and mortgage loan purchase commitments, which are reported in mortgage fees and related income.

(d)Realized gains/(losses) on AFS securities are reported in investment securities gains/(losses). Unrealized gains/(losses) are reported in OCI. Realized and unrealized gains/(losses) recorded on level 3 AFS securities were not material both for the three and nine months ended September 30, 2023 and 2022.

(e)Changes in fair value for MSRs are reported in mortgage fees and related income.

(f)Realized (gains)/losses due to DVA for fair value option elected liabilities are reported in principal transactions revenue, and were not material both for the three and nine months ended September 30, 2023 and 2022. Unrealized (gains)/losses are reported in OCI, and were $15 million and $(256) million for the three months ended September 30, 2023 and 2022, respectively and $(277) million and $(829) million for the nine months ended September 30, 2023 and 2022, respectively.

(g)Loan originations are included in purchases.

(h)Includes financial assets and liabilities that have matured, been partially or fully repaid, impacts of modifications, deconsolidations associated with beneficial interests in VIEs and other items.

Level 3 analysis

Consolidated balance sheets changes

The following describes significant changes to level 3 assets since December 31, 2022, for those items measured at fair value on a recurring basis. Refer to Assets and liabilities measured at fair value on a nonrecurring basis on page 115 for further information on changes impacting items measured at fair value on a nonrecurring basis.

Three and nine months ended September 30, 2023

Level 3 assets were $27.3 billion at September 30, 2023, reflecting an increase of $523 million from June 30, 2023, and an increase of $3.7 billion from December 31, 2022.

The increase for the three months ended September 30, 2023 was driven by:

•$880 million in MSRs.

The increase for the nine months ended September 30, 2023 was predominantly driven by:

•$2.3 billion in non-trading loans primarily due to $1.8 billion of loans in CIB associated with First Republic.

•$1.1 billion in MSRs.

Refer to Note 15 for information on MSRs.

Refer to the sections below for additional information.

Transfers between levels for instruments carried at fair value on a recurring basis

For the three months ended September 30, 2023, there were no significant transfers from level 2 into level 3.

For the three months ended September 30, 2023, there were no significant transfers from level 3 into level 2.

For the nine months ended September 30, 2023, significant transfers from level 2 into level 3 included the following:

•$1.8 billion of gross interest rate derivative payables as a result of transition to term SOFR for certain interest rate options.

•$1.2 billion of gross equity derivative receivables as a result of a decrease in observability and an increase in the significance of unobservable inputs.

•$1.2 billion of non-trading loans driven by a decrease in observability.

For the nine months ended September 30, 2023, significant transfers from level 3 into level 2 included the following:

•$1.7 billion and $1.2 billion of gross equity derivative receivables and gross equity derivative payables, respectively, as a result of an increase in observability and a decrease in the significance of unobservable inputs.

For the three months ended September 30, 2022, significant transfers from level 2 into level 3 included the following:

•$1.1 billion of gross interest rate derivative receivables as a result of a decrease in observability and an increase in the significance of unobservable inputs.

For the three months ended September 30, 2022, significant transfers from level 3 into level 2 included the following:

•$524 million of gross equity derivative receivables as a result of an increase in observability and a decrease in the significance of unobservable inputs.

For the nine months ended September 30, 2022, significant transfers from level 2 into level 3 included the following:

•$2.0 billion of total debt and equity instruments, predominantly due to equity securities of $977 million driven by a decrease in observability as a result of restricted access to certain markets and trading loans of $777 million driven by a decrease in observability.

•$1.5 billion and $639 million of gross interest rate derivative receivables and gross interest rate derivative payables, respectively, as a result of a decrease in observability and an increase in the significance of unobservable inputs.

•$963 million and $1.8 billion of gross equity derivative receivables and gross equity derivative payables, respectively, as a result of a decrease in observability and an increase in the significance of unobservable inputs.

•$829 million of non-trading loans driven by a decrease in observability.

•$739 million of long-term debt driven by a decrease in observability and an increase in the significance of unobservable inputs for certain structured notes.

For the nine months ended September 30, 2022, significant transfers from level 3 into level 2 included the following:

•$1.0 billion and $758 million of gross interest rate derivative receivables and gross interest rate derivative payables, respectively, as a result of an increase in observability and a decrease in the significance of unobservable inputs.

•$1.4 billion and $1.8 billion of gross equity derivative receivables and gross equity derivative payables, respectively, as a result of an increase in observability and a decrease in the significance of unobservable inputs.

•$764 million of non-trading loans driven by an increase in observability.

•$878 million of long-term debt driven by an increase in observability and a decrease in the significance of unobservable inputs for certain structured notes.

All transfers are based on changes in the observability and/or significance of the valuation inputs and are assumed to occur at the beginning of the quarterly reporting period in which they occur.

Gains and losses

The following describes significant components of total realized/unrealized gains/(losses) for instruments measured at fair value on a recurring basis for the periods indicated. These amounts exclude any effects of the Firm’s risk management activities where the financial instruments are classified as level 1 and 2 of the fair value hierarchy. Refer to Changes in level 3 recurring fair value measurements rollforward tables on pages 108-113 for further information on these instruments.

Three months ended September 30, 2023

•$1.7 billion of net gains on assets, predominantly driven by gains in net equity derivative receivables due to market movements and gains in MSRs reflecting lower prepayment speeds on higher rates.

•$788 million of net gains on liabilities, driven by gains in long-term debt due to market movements.

Three months ended September 30, 2022

•$1.1 billion of net gains on assets, driven by gains in net equity derivative receivables due to market movements and gains in MSRs reflecting lower prepayment speeds on higher rates.

•$1.2 billion of net gains on liabilities, predominantly driven by gains in long-term debt due to market movements.

Nine months ended September 30, 2023

•$1.9 billion of net gains on assets, driven by gains in net equity derivative receivables due to market movements and gains in MSRs reflecting lower prepayment speeds on higher rates.

•$1.0 billion of net losses on liabilities, predominantly driven by losses in long-term debt due to market movements.

Nine months ended September 30, 2022

•$6.6 billion of net gains on assets, predominantly driven by gains in net equity derivative receivables due to market movements and gains in MSRs reflecting lower prepayment speeds on higher rates.

•$6.2 billion of net gains on liabilities, predominantly driven by gains in long-term debt due to market movements.

Refer to Note 15 for information on MSRs.

Credit and funding adjustments — derivatives

The following table provides the impact of credit and funding adjustments on principal transactions revenue in the respective periods, excluding the effect of any associated hedging activities. The FVA presented below includes the impact of the Firm’s own credit quality on the inception value of liabilities as well as the impact of changes in the Firm’s own credit quality over time.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Credit and funding adjustments:
Derivatives CVA	$	90	$	(6)	$	211	$	(171)
Derivatives FVA	56		5		111		(46)

Refer to Note 2 of JPMorgan Chase’s 2022 Form 10-K for further information about both credit and funding adjustments, as well as information about valuation adjustments on fair value option elected liabilities.

Assets and liabilities measured at fair value on a nonrecurring basis

The following tables present the assets and liabilities held as of September 30, 2023 and 2022, for which nonrecurring fair value adjustments were recorded during the nine months ended September 30, 2023 and 2022, by major product category and fair value hierarchy.


	Fair value hierarchy							Total fair value
September 30, 2023 (in millions)	Level 1		Level 2		Level 3
Loans	$	—	$	666	$	1,014	(b)	$	1,680
Other assets(a)	—		37		1,276			1,313
Total assets measured at fair value on a nonrecurring basis	$	—	$	703	$	2,290		$	2,993
Accounts payable and other liabilities	—		—		—			—
Total liabilities measured at fair value on a nonrecurring basis	$	—	$	—	$	—		$	—


	Fair value hierarchy						Total fair value
September 30, 2022 (in millions)	Level 1		Level 2		Level 3
Loans	$	—	$	1,142	$	927	$	2,069
Other assets	—		37		1,119		1,156
Total assets measured at fair value on a nonrecurring basis	$	—	$	1,179	$	2,046	$	3,225
Accounts payable and other liabilities	—		—		112		112
Total liabilities measured at fair value on a nonrecurring basis	$	—	$	—	$	112	$	112

(a)Included impairments on certain equity method investments, as well as equity securities without readily determinable fair values that were adjusted based on observable price changes in orderly transactions from an identical or similar investment of the same issuer (measurement alternative). Of the $1.3 billion in level 3 assets measured at fair value on a nonrecurring basis as of September 30, 2023, $396 million related to equity securities adjusted based on the measurement alternative. These equity securities are classified as level 3 due to the infrequency of the observable prices and/or the restrictions on the shares.

(b)Of the $1.0 billion in level 3 loans measured at fair value on a nonrecurring basis as of September 30, 2023, $60 million related to residential real estate loans carried at the net realizable value of the underlying collateral (e.g., collateral-dependent loans). These amounts are classified as level 3 as they are valued using information from broker’s price opinions, appraisals and automated valuation models and discounted based upon the Firm’s experience with actual liquidation values. These discounts ranged from 10% to 56% with a weighted average of 25%.

Nonrecurring fair value changes

The following table presents the total change in value of assets and liabilities for which fair value adjustments have been recognized for the three and nine months ended September 30, 2023 and 2022, related to assets and liabilities held at those dates.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Loans	$	(75)	$	(28)	$	(200)	$	(77)
Other assets(a)	(376)		(76)		(536)		(122)
Accounts payable and other liabilities	—		52		—		(108)
Total nonrecurring fair value gains/(losses)	$	(451)	$	(52)	$	(736)	$	(307)

(a)Included $33 million and $(76) million for the three months ended September 30, 2023 and 2022, respectively, and $(60) million and $(105) million for the nine months ended September 30, 2023 and 2022, respectively, of net gains/(losses) as a result of the measurement alternative. The current period also included impairments on certain equity method investments. Refer to Note 12 for further information about the measurement of collateral-dependent loans.

Equity securities without readily determinable fair values

The Firm measures certain equity securities without readily determinable fair values at cost less impairment (if any), plus or minus observable price changes from an identical or similar investment of the same issuer (i.e., measurement alternative), with such changes recognized in other income.

In its determination of the new carrying values upon observable price changes, the Firm may adjust the prices if deemed necessary to arrive at the Firm’s estimated fair values. Such adjustments may include adjustments to reflect the different rights and obligations of similar securities, and other adjustments that are consistent with the Firm’s valuation techniques for private equity direct investments.

The following table presents the carrying value of equity securities without readily determinable fair values held as of September 30, 2023 and 2022, that are measured under the measurement alternative and the related adjustments recorded during the periods presented for those securities with observable price changes. These securities are included in the nonrecurring fair value tables when applicable price changes are observable.


	Three months ended September 30,				Nine months ended September 30,
As of or for the period ended, (in millions)	2023		2022		2023		2022
Other assets
Carrying value(a)	$	4,499	$	4,229	$	4,499	$	4,229
Upward carrying value changes(b)	50		40		90		486
Downward carrying value changes/impairment(c)	(17)		(116)		(150)		(591)

(a)The carrying value as of December 31, 2022 was $4.1 billion. The period-end carrying values reflect cumulative purchases and sales in addition to upward and downward carrying value changes.

(b)The cumulative upward carrying value changes between January 1, 2018 and September 30, 2023 were $1.3 billion.

(c)The cumulative downward carrying value changes/impairment between January 1, 2018 and September 30, 2023 were $(1.1) billion.

Included in other assets above is the Firm’s interest in approximately 37 million Visa Class B common shares (“Visa B shares”). These shares are subject to certain transfer restrictions and are convertible into Visa Class A common shares (“Visa A shares”) at a specified conversion rate upon final resolution of certain litigation matters involving Visa. On October 2, 2023, Visa filed a Current Report on Form 8-K with the SEC indicating that the conversion rate of Visa B shares to Visa A shares decreased from 1.5902 to 1.5875 effective September 28, 2023. The conversion rate may be further adjusted by Visa depending on developments related to the litigation matters. The outcome of those litigation matters, and the effect that the resolution of those matters may have on the conversion rate, is unknown. Accordingly, as of September 30, 2023, there is significant uncertainty regarding when the transfer restrictions on Visa B shares may be terminated and what the final conversion rate for the Visa B shares will be. As a result of these considerations, as well as differences in voting rights, Visa B shares are not considered to be similar to Visa A shares, and they continue to be held at their nominal carrying value.

In connection with prior sales of Visa B shares, the Firm has entered into derivative instruments with the purchasers of the shares under which the Firm retains the risk associated with changes in the conversion rate. Under the terms of the derivative instruments, the Firm will (a) make or receive payments based on subsequent changes in the conversion rate and (b) make periodic interest payments to the purchasers of the Visa B shares. The payments under the derivative instruments will continue as long as the Visa B shares remain subject to transfer restrictions. The derivative instruments are accounted for at fair value using a discounted cash flow methodology based upon the Firm’s estimate of the timing and magnitude of final resolution of the litigation matters. The derivative instruments are recorded in trading liabilities, and changes in fair value are recognized in other income. As of September 30, 2023, the Firm held derivative instruments associated with 23 million Visa B shares that the Firm had previously sold, which are all subject to similar terms and conditions.

On September 13, 2023, Visa filed a Current Report on Form 8-K with the SEC announcing that Visa is engaging with its common stockholders on potential amendments to its Certificate of Incorporation that would authorize Visa to conduct an exchange offer program ("the Program") and have the effect of releasing transfer restrictions on portions of Visa's Class B common stock. The amendments would become effective only if approved by a majority of the outstanding shares of Visa's Class A, Class B and Class C common stock, each voting as a separate class. The Program, if approved as proposed, would entitle the Firm to sell up to 50% of the Firm's Visa B shares through an initial exchange offer and would also provide for the potential of future exchange offers.

Additional disclosures about the fair value of financial instruments that are not carried on the Consolidated balance sheets at fair value

The following table presents, by fair value hierarchy classification, the carrying values and estimated fair values at September 30, 2023 and December 31, 2022, of financial assets and liabilities, excluding financial instruments that are carried at fair value on a recurring basis, and their classification within the fair value hierarchy.


	September 30, 2023										December 31, 2022
			Estimated fair value hierarchy										Estimated fair value hierarchy
(in billions)	Carrying value		Level 1		Level 2		Level 3		Total estimated fair value		Carrying value		Level 1		Level 2		Level 3		Total estimated fair value
Financial assets
Cash and due from banks	$	24.9	$	24.9	$	—	$	—	$	24.9	$	27.7	$	27.7	$	—	$	—	$	27.7
Deposits with banks	486.4		485.7		0.7		—		486.4		539.5		539.3		0.2		—		539.5
Accrued interest and accounts receivable	127.4		—		127.3		0.1		127.4		124.7		—		124.6		0.1		124.7
Federal funds sold and securities purchased under resale agreements	5.9		—		5.9		—		5.9		3.7		—		3.7		—		3.7
Securities borrowed	120.2		—		120.2		—		120.2		115.3		—		115.3		—		115.3
Investment securities, held-to-maturity	388.3		170.0		178.7		—		348.7		425.3		189.1		199.5		—		388.6
Loans, net of allowance for loan losses(a)	1,249.4		—		270.4		942.1		1,212.5		1,073.9		—		194.0		853.9		1,047.9
Other	71.1		—		69.2		2.0		71.2		101.2		—		99.6		1.7		101.3
Financial liabilities
Deposits	$	2,314.5	$	—	$	2,314.6	$	—	$	2,314.6	$	2,311.6	$	—	$	2,311.5	$	—	$	2,311.5
Federal funds purchased and securities loaned or sold under repurchase agreements	57.2		—		57.2		—		57.2		50.6		—		50.6		—		50.6
Short-term borrowings(b)	26.2		—		26.2		—		26.2		28.2		—		28.2		—		28.2
Accounts payable and other liabilities	249.0		—		239.8		8.7		248.5		257.5		—		251.2		5.6		256.8
Beneficial interests issued by consolidated VIEs	24.8		—		24.8		—		24.8		12.6		—		12.6		—		12.6
Long-term debt(b)	284.4		—		227.8		49.9		277.7		223.6		—		216.5		2.8		219.3

(a)Fair value is typically estimated using a discounted cash flow model that incorporates the characteristics of the underlying loans (including principal, contractual interest rate and contractual fees) and other key inputs, including expected lifetime credit losses, interest rates, prepayment rates, and primary origination or secondary market spreads. For certain loans, the fair value is measured based on the value of the underlying collateral. Carrying value of the loan takes into account the loan’s allowance for loan losses, which represents the loan’s expected credit losses over its remaining expected life. The difference between the estimated fair value and carrying value of a loan is generally attributable to changes in market interest rates, including credit spreads, market liquidity premiums and other factors that affect the fair value of a loan but do not affect its carrying value.

(b)Includes FHLB advances in level 2 of Long-term debt and Short-term borrowings and the Purchase Money Note in level 3 of Long-term debt associated with First Republic. Refer to Notes 18 and 28 for additional information.

The majority of the Firm’s lending-related commitments are not carried at fair value on a recurring basis on the Consolidated balance sheets. The carrying value and the estimated fair value of these wholesale lending-related commitments were as follows for the periods indicated.


	September 30, 2023										December 31, 2022
			Estimated fair value hierarchy										Estimated fair value hierarchy
(in billions)	Carrying value(a)(b)(c)		Level 1		Level 2		Level 3		Total estimated fair value		Carrying value(a)(b)		Level 1		Level 2		Level 3		Total estimated fair value
Wholesale lending-related commitments	$	3.3	$	—	$	—	$	5.1	$	5.1	$	2.3	$	—	$	—	$	3.2	$	3.2

(a)Excludes the current carrying values of the guarantee liability and the offsetting asset, each of which is recognized at fair value at the inception of the guarantees.

(b)Includes the wholesale allowance for lending-related commitments.

(c)As of September 30, 2023, includes fair value adjustments associated with First Republic for other unfunded commitments to extend credit totaling $1.3 billion recorded in accounts payable and other liabilities on the Consolidated balance sheets. Refer to Notes 24 and 28 for additional information.

The Firm does not estimate the fair value of consumer off-balance sheet lending-related commitments. In many cases, the Firm can reduce or cancel these commitments by providing the borrower notice or, in some cases as permitted by law, without notice. Refer to page 169 of JPMorgan Chase’s 2022 Form 10-K for a further discussion of the valuation of lending-related commitments.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of earnings per share basic and diluted

The following table presents the calculation of basic and diluted EPS for the three and nine months ended September 30, 2023 and 2022.


(in millions, except per share amounts)	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Basic earnings per share
Net income	$	13,151	$	9,737	$	40,245	$	26,668
Less: Preferred stock dividends	386		432		1,115		1,239
Net income applicable to common equity	12,765		9,305		39,130		25,429
Less: Dividends and undistributed earnings allocated to participating securities	80		50		241		134
Net income applicable to common stockholders	$	12,685	$	9,255	$	38,889	$	25,295

Total weighted-average basic shares outstanding	2,927.5		2,961.2		2,946.6		2,966.8
Net income per share	$	4.33	$	3.13	$	13.20	$	8.53

Diluted earnings per share
Net income applicable to common stockholders	$	12,685	$	9,255	$	38,889	$	25,295
Total weighted-average basic shares outstanding	2,927.5		2,961.2		2,946.6		2,966.8
Add: Dilutive impact of unvested PSUs, nondividend-earning RSUs and SARs	4.6		4.2		4.4		4.1
Total weighted-average diluted shares outstanding	2,932.1		2,965.4		2,951.0		2,970.9
Net income per share	$	4.33	$	3.12	$	13.18	$	8.51

Employee Share-based Incentives (Tables)

9 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

Noncash compensation expense related to employee stock-based incentive plans

The Firm recognized the following noncash compensation expense related to its various employee share-based incentive plans in its Consolidated statements of income.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Cost of prior grants of restricted stock units (“RSUs”), performance share units (“PSUs”) and stock appreciation rights (“SARs”) that are amortized over their applicable vesting periods	$	363	$	292	$	1,169	$	941
Accrual of estimated costs of share-based awards to be granted in future periods, predominantly those to full-career eligible employees	419		392		1,317		1,368
Total noncash compensation expense related to employee share-based incentive plans	$	782	$	684	$	2,486	$	2,309

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net income	$ 13,151	$ 9,737	$ 40,245	$ 26,668

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

Credit Risk Concentrations

9 Months Ended

Sep. 30, 2023

Risks and Uncertainties [Abstract]

Credit Risk Concentrations

Credit risk concentrations

Concentrations of credit risk arise when a number of clients, counterparties or customers are engaged in similar business activities or activities in the same geographic region, or when they have similar economic features that would cause their ability to meet contractual obligations to be similarly affected by changes in economic conditions.

JPMorgan Chase regularly monitors various segments of its credit portfolios to assess potential credit risk concentrations and to obtain additional collateral when deemed necessary and permitted under the Firm’s agreements. Senior management is significantly involved in the credit approval and review process, and risk levels are adjusted as needed to reflect the Firm’s risk appetite.

In the Firm’s consumer portfolio, concentrations are managed primarily by product and by U.S. geographic region, with a key focus on trends and concentrations at the portfolio level, where potential credit risk concentrations can be remedied through changes in underwriting policies and portfolio guidelines. Refer to Note 12 for additional information on the geographic composition of the Firm’s consumer loan portfolios. In the wholesale portfolio, credit risk concentrations are evaluated primarily by industry and monitored regularly on both an aggregate portfolio level and on an individual client or counterparty basis.

The Firm’s wholesale exposure is managed through loan syndications and participations, loan sales, securitizations, credit derivatives, master netting agreements, collateral and other risk-reduction techniques. Refer to Note 12 for additional information on loans.

The Firm does not believe that its exposure to any particular loan product or industry segment results in a significant concentration of credit risk.

Terms of loan products and collateral coverage are included in the Firm’s assessment when extending credit and establishing its allowance for loan losses.

The table below presents both on–balance sheet and off–balance sheet consumer and wholesale credit exposure by the Firm’s three credit portfolio segments as of September 30, 2023 and December 31, 2022. The wholesale industry of risk category is generally based on the client or counterparty’s primary business activity.


	September 30, 2023								December 31, 2022
	Credit exposure(h)(i)		On-balance sheet				Off-balance sheet(j)		Credit exposure(h)		On-balance sheet				Off-balance sheet(j)
(in millions)			Loans		Derivatives						Loans		Derivatives
Consumer, excluding credit card	$	457,082	$	408,769	$	—	$	48,313	$	344,893	$	311,375	$	—	$	33,518
Credit card(a)	1,095,838		196,935		—		898,903		1,006,459		185,175		—		821,284
Total consumer(a)	1,552,920		605,704		—		947,216		1,351,352		496,550		—		854,802
Wholesale(b)
Real Estate	206,067		166,446		292		39,329		170,857		131,681		249		38,927
Asset Managers	145,707		54,485		18,893		72,329		95,656		40,511		16,397		38,748
Individuals and Individual Entities (c)	143,786		124,859		720		18,207		130,815		120,424		434		9,957
Consumer & Retail	127,978		47,013		1,905		79,060		120,555		45,867		1,650		73,038
Industrials	75,865		26,958		2,058		46,849		72,483		26,960		1,770		43,753
Technology, Media & Telecommunications	73,047		20,151		2,525		50,371		72,286		21,622		2,950		47,714
Healthcare	62,126		23,947		1,111		37,068		62,613		22,970		1,683		37,960
Banks & Finance Companies	56,886		33,769		3,510		19,607		51,816		32,172		3,246		16,398
State & Municipal Govt(d)	37,016		20,827		275		15,914		33,847		18,147		585		15,115
Utilities	36,454		7,666		2,852		25,936		36,218		9,107		3,269		23,842
Automotive	34,217		15,813		469		17,935		33,287		14,735		529		18,023
Oil & Gas	33,253		9,117		2,386		21,750		38,668		9,632		5,121		23,915
Insurance	23,733		2,753		10,085		10,895		21,045		2,387		8,081		10,577
Chemicals & Plastics	20,261		6,393		448		13,420		20,030		5,771		407		13,852
Central Govt	15,819		4,078		9,944		1,797		19,095		3,167		12,955		2,973
Transportation	15,180		5,174		507		9,499		15,009		5,005		567		9,437
Metals & Mining	15,136		4,606		237		10,293		15,915		5,398		475		10,042
Securities Firms	8,928		860		3,442		4,626		8,066		556		3,387		4,123
Financial Markets Infrastructure	4,096		67		1,672		2,357		4,962		13		3,050		1,899
All other(e)	135,035		96,970		3,739		34,326		123,307		87,545		4,075		31,687
Subtotal	1,270,590		671,952		67,070		531,568		1,146,530		603,670		70,880		471,980
Loans held-for-sale and loans at fair value	32,403		32,403		—		—		35,427		35,427		—		—
Receivables from customers(f)	43,376		—		—		—		49,257		—		—		—
Total wholesale	1,346,369		704,355		67,070		531,568		1,231,214		639,097		70,880		471,980
Total exposure(g)(h)	$	2,899,289	$	1,310,059	$	67,070	$	1,478,784	$	2,582,566	$	1,135,647	$	70,880	$	1,326,782

(a)Also includes commercial card lending-related commitments primarily in CB and CIB.

(b)The industry rankings presented in the table as of December 31, 2022, are based on the industry rankings of the corresponding exposures as of September 30, 2023, not actual rankings of such exposures at December 31, 2022.

(c)Individuals and Individual Entities predominantly consists of Global Private Bank clients within AWM and J.P. Morgan Wealth Management within CCB, and includes exposure to personal investment companies and personal and testamentary trusts.

(d)In addition to the credit risk exposure to states and municipal governments (both U.S. and non-U.S.) as of September 30, 2023 and December 31, 2022, noted above, the Firm held: $6.3 billion and $6.6 billion, respectively, of trading assets; $19.7 billion and $6.8 billion, respectively, of AFS securities; and $10.7 billion and $19.7 billion, respectively, of HTM securities, issued by U.S. state and municipal governments. Refer to Note 2 and Note 10 for further information.

(e)All other includes: SPEs and Private education and civic organizations, representing approximately 94% and 6%, respectively, as of September 30, 2023 and 95% and 5%, respectively, as of December 31, 2022. Refer to Note 14 for more information on exposures to SPEs.

(f)Receivables from customers reflect held-for-investment margin loans to brokerage clients in CIB, CCB and AWM that are collateralized by assets maintained in the clients’ brokerage accounts (e.g., cash on deposit, liquid and readily marketable debt or equity securities). Because of this collateralization, no allowance for credit losses is generally held against these receivables. To manage its credit risk the Firm establishes margin requirements and monitors the required margin levels on an ongoing basis, and requires clients to deposit additional cash or other collateral, or to reduce positions, when appropriate. These receivables are reported within accrued interest and accounts receivable on the Firm’s Consolidated balance sheets.

(g)Excludes cash placed with banks of $502.8 billion and $556.6 billion, as of September 30, 2023 and December 31, 2022, respectively, which is predominantly placed with various central banks, primarily Federal Reserve Banks.

(h)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.

(i)Included credit exposure associated with First Republic consisting of $103.3 billion in the Consumer, excluding credit card portfolio, and $95.2 billion in the Wholesale portfolio predominantly in Asset Managers, Real Estate, and Individuals and Individual Entities.

(j)Represents lending-related financial instruments.

Long-term Debt (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of long-term debt instruments

The following table is a summary of long-term debt carrying values (including unamortized premiums and discounts, issuance costs, valuation adjustments and fair value adjustments, where applicable) by remaining contractual maturity as of September 30, 2023.


By remaining maturity (in millions, except rates)		September 30, 2023													December 31, 2022
		Under 1 year			1-5 years			After 5 years			Total				Total
Parent company
Senior debt:	Fixed rate	$	6,646		$	84,124		$	94,485		$	185,255			$	194,515
	Variable rate	170			6,143			1,960			8,273				11,565
	Interest rates(f)	2.31		%	2.88		%	3.58		%	3.20		%		3.06		%
Subordinated debt:	Fixed rate	$	2,967		$	5,843		$	8,634		$	17,444			$	19,693
	Variable rate	—			—			—			—				—
	Interest rates(f)	3.88		%	4.88		%	4.69		%	4.62		%		4.50		%
	Subtotal	$	9,783		$	96,110		$	105,079		$	210,972			$	225,773
Subsidiaries
Federal Home Loan Banks advances:	Fixed rate	$	9,903		$	14,040		$	39		$	23,982		(g)	$	93
	Variable rate	3,900			10,000			—			13,900				11,000
	Interest rates(f)	4.75		%	4.69		%	6.06		%	4.72		%		4.32		%
Purchase Money Note(a):	Fixed rate	$	—		$	48,936		$	—		$	48,936			NA
	Interest rates(f)	—		%	3.40		%	—		%	3.40		%		NA
Senior debt:	Fixed rate	$	3,287		$	7,800		$	5,996		$	17,083			$	15,383
	Variable rate	18,410			22,230			5,270			45,910				41,506
	Interest rates(f)	4.36		%	4.99%			1.50		%	1.86		%		2.02		%
Subordinated debt:	Fixed rate	$	—		$	257		$	—		$	257			$	262
	Variable rate	—			—			—			—				—
	Interest rates(f)	—		%	8.25		%	—		%	8.25		%		8.25		%
	Subtotal	$	35,500		$	103,263		$	11,305		$	150,068			$	68,244
Junior subordinated debt:	Fixed rate	$	—		$	—		$	520		$	520			$	550
	Variable rate	—			420			813			1,233				1,298
	Interest rates(f)	—		%	6.17		%	7.43		%	7.13		%		6.33		%
	Subtotal	$	—		$	420		$	1,333		$	1,753			$	1,848
Total long-term debt(b)(c)(d)		$	45,283		$	199,793		$	117,717		$	362,793		(h)(i)	$	295,865
Long-term beneficial interests:
	Fixed rate	$	—		$	2,997		$	—		$	2,997			$	1,999
	Variable rate	—			—			193			193				143
	Interest rates(f)	—		%	4.74		%	4.51		%	4.73		%		2.81		%
Total long-term beneficial interests(e)		$	—		$	2,997		$	193		$	3,190			$	2,142

(a)Reflects the Purchase Money Note associated with the First Republic acquisition. Refer to Note 28 for additional information.

(b)Included long-term debt of $89.6 billion and $13.8 billion secured by assets totaling $231.4 billion and $208.3 billion at September 30, 2023 and December 31, 2022, respectively. The amount of long-term debt secured by assets does not include amounts related to hybrid instruments.

(c)Included $78.4 billion and $72.3 billion of long-term debt accounted for at fair value at September 30, 2023 and December 31, 2022, respectively.

(d)Included $10.1 billion and $10.3 billion of outstanding zero-coupon notes at September 30, 2023 and December 31, 2022, respectively. The aggregate principal amount of these notes at their respective maturities is $46.1 billion and $45.3 billion, respectively. The aggregate principal amount reflects the contractual principal payment at maturity, which may exceed the contractual principal payment at the Firm’s next call date, if applicable.

(e)Included on the Consolidated balance sheets in beneficial interests issued by consolidated VIEs. Also included $66 million and $5 million accounted for at fair value at September 30, 2023 and December 31, 2022, respectively. Excluded short-term commercial paper and other short-term beneficial interests of $21.7 billion and $10.5 billion at September 30, 2023 and December 31, 2022, respectively.

(f)The interest rates shown are the weighted average of contractual rates in effect at September 30, 2023 and December 31, 2022, respectively, including non-U.S. dollar fixed- and variable-rate issuances, which excludes the effects of the associated derivative instruments used in hedge accounting relationships, if applicable. The interest rates shown exclude structured notes accounted for at fair value.

(g)As of September 30, 2023, included $23.9 billion of FHLB advances associated with First Republic. Refer to Note 28 for additional information.

(h)As of September 30, 2023, long-term debt in the aggregate of $189.0 billion was redeemable at the option of JPMorgan Chase, in whole or in part, prior to maturity, based on the terms specified in the respective instruments.

(i)The aggregate carrying values of debt that matures in each of the 12-month periods ending September 30, 2024, 2025, 2026, 2027 and 2028 is $45.3 billion, $52.0 billion, $40.8 billion, $31.6 billion and $75.4 billion, respectively.

Schedule of maturities of long-term debt


By remaining maturity (in millions, except rates)		September 30, 2023													December 31, 2022
		Under 1 year			1-5 years			After 5 years			Total				Total
Parent company
Senior debt:	Fixed rate	$	6,646		$	84,124		$	94,485		$	185,255			$	194,515
	Variable rate	170			6,143			1,960			8,273				11,565
	Interest rates(f)	2.31		%	2.88		%	3.58		%	3.20		%		3.06		%
Subordinated debt:	Fixed rate	$	2,967		$	5,843		$	8,634		$	17,444			$	19,693
	Variable rate	—			—			—			—				—
	Interest rates(f)	3.88		%	4.88		%	4.69		%	4.62		%		4.50		%
	Subtotal	$	9,783		$	96,110		$	105,079		$	210,972			$	225,773
Subsidiaries
Federal Home Loan Banks advances:	Fixed rate	$	9,903		$	14,040		$	39		$	23,982		(g)	$	93
	Variable rate	3,900			10,000			—			13,900				11,000
	Interest rates(f)	4.75		%	4.69		%	6.06		%	4.72		%		4.32		%
Purchase Money Note(a):	Fixed rate	$	—		$	48,936		$	—		$	48,936			NA
	Interest rates(f)	—		%	3.40		%	—		%	3.40		%		NA
Senior debt:	Fixed rate	$	3,287		$	7,800		$	5,996		$	17,083			$	15,383
	Variable rate	18,410			22,230			5,270			45,910				41,506
	Interest rates(f)	4.36		%	4.99%			1.50		%	1.86		%		2.02		%
Subordinated debt:	Fixed rate	$	—		$	257		$	—		$	257			$	262
	Variable rate	—			—			—			—				—
	Interest rates(f)	—		%	8.25		%	—		%	8.25		%		8.25		%
	Subtotal	$	35,500		$	103,263		$	11,305		$	150,068			$	68,244
Junior subordinated debt:	Fixed rate	$	—		$	—		$	520		$	520			$	550
	Variable rate	—			420			813			1,233				1,298
	Interest rates(f)	—		%	6.17		%	7.43		%	7.13		%		6.33		%
	Subtotal	$	—		$	420		$	1,333		$	1,753			$	1,848
Total long-term debt(b)(c)(d)		$	45,283		$	199,793		$	117,717		$	362,793		(h)(i)	$	295,865
Long-term beneficial interests:
	Fixed rate	$	—		$	2,997		$	—		$	2,997			$	1,999
	Variable rate	—			—			193			193				143
	Interest rates(f)	—		%	4.74		%	4.51		%	4.73		%		2.81		%
Total long-term beneficial interests(e)		$	—		$	2,997		$	193		$	3,190			$	2,142

(a)Reflects the Purchase Money Note associated with the First Republic acquisition. Refer to Note 28 for additional information.

(c)Included $78.4 billion and $72.3 billion of long-term debt accounted for at fair value at September 30, 2023 and December 31, 2022, respectively.

(g)As of September 30, 2023, included $23.9 billion of FHLB advances associated with First Republic. Refer to Note 28 for additional information.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Noninterest Revenue and Noninterest Expense - Noninterest Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Noninterest Income (Expense) [Abstract]
Legal expense	$ 665	$ 47	$ 1,261	$ 239
FDIC-related expense	342	209	997	623
First Republic-related expense	$ 244	$ 0	$ 843	$ 0

Basis of Presentation	9 Months Ended
Basis of Presentation	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of presentation JPMorgan Chase & Co. (“JPMorgan Chase” or the “Firm”), a financial holding company incorporated under Delaware law in 1968, is a leading financial services firm based in the U.S., with operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. On May 1, 2023, JPMorgan Chase acquired certain assets and assumed certain liabilities of First Republic Bank (the “First Republic acquisition”) from the Federal Deposit Insurance Corporation (“FDIC”). The Firm continues to convert certain operations, and to integrate clients, products and services associated with the First Republic acquisition, to align with the Firm’s businesses and operations. The Firm also continues to evaluate to which segments certain clients, products and services, primarily deposits, should be allocated. Accordingly, reporting classifications and allocations may change in future periods, including across the Firm's segments. Refer to Note 27 for a further discussion of the Firm’s business segments and Note 28 for additional information on the First Republic acquisition. The accounting and financial reporting policies of JPMorgan Chase and its subsidiaries conform to U.S. GAAP. Additionally, where applicable, the policies conform to the accounting and reporting guidelines prescribed by regulatory authorities. The unaudited Consolidated Financial Statements prepared in conformity with U.S. GAAP require management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expense, and the disclosures of contingent assets and liabilities. Actual results could be different from these estimates. In the opinion of management, all normal, recurring adjustments have been included such that this interim financial information is fairly stated. These unaudited Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements, and related notes thereto, included in JPMorgan Chase’s 2022 Form 10-K. Certain amounts reported in prior periods have been revised to conform with the current presentation. Consolidation The Consolidated Financial Statements include the accounts of JPMorgan Chase and other entities in which the Firm has a controlling financial interest. All material intercompany balances and transactions have been eliminated. Assets held for clients in an agency or fiduciary capacity by the Firm are not assets of JPMorgan Chase and are not included on the Consolidated balance sheets. The Firm determines whether it has a controlling financial interest in an entity by first evaluating whether the entity is a voting interest entity or a variable interest entity. Refer to Notes 1 and 14 of JPMorgan Chase’s 2022 Form 10-K for a further description of JPMorgan Chase’s accounting policies regarding consolidation. Offsetting assets and liabilities U.S. GAAP permits entities to present derivative receivables and derivative payables with the same counterparty and the related cash collateral receivables and payables on a net basis on the Consolidated balance sheets when a legally enforceable master netting agreement exists. U.S. GAAP also permits securities financing balances to be presented on a net basis when specified conditions are met, including the existence of a legally enforceable master netting agreement. The Firm has elected to net such balances where it has determined that the specified conditions are met. Refer to Note 1 of JPMorgan Chase’s 2022 Form 10-K for further information on offsetting assets and liabilities. Accounting standards adopted January 1, 2023 Derivatives and Hedging: Fair Value Hedging – Portfolio Layer Method The adoption of this guidance expanded the ability to hedge a portfolio of prepayable assets to allow more of the portfolio to be hedged. Non-prepayable assets can also be included in the same portfolio, thus increasing the size of the portfolio and the amount available to be hedged. This guidance also clarified the types of derivatives that can be used as hedges, and the balance sheet presentation and disclosure requirements for the hedge accounting adjustments. As permitted by the guidance, the Firm elected to transfer HTM securities to AFS and designate those securities in a portfolio layer method hedge upon adoption. The adoption impact of the transfer on retained earnings was not material. Refer to Note 5 and Note 10 for additional information. Financial Instruments – Credit Losses: Troubled Debt Restructurings and Vintage Disclosures The adoption of this guidance eliminated the accounting and disclosure requirements for TDRs, including the requirement to measure the allowance using a discounted cash flow (“DCF”) methodology, and allowed the option of a non-DCF portfolio-based approach for modified loans to troubled borrowers. If a DCF methodology is still applied for these modified loans, the discount rate must be the post- modification effective interest rate, instead of the pre-modification effective interest rate. The Firm elected to apply its non-DCF, portfolio-based allowance approach for modified loans to troubled borrowers for all portfolios except collateral-dependent loans and nonaccrual risk-rated loans which the Firm elected to continue applying a DCF methodology. Refer to Note 13 of JPMorgan Chase’s 2022 Form 10-K for a description of the portfolio-based allowance approach and the asset-specific allowance approach. This guidance was adopted under the modified retrospective method which resulted in a net decrease to the allowance for credit losses of $587 million and an increase to retained earnings of $446 million, after-tax, predominantly driven by residential real estate and credit card. The adoption of this guidance eliminated the disclosure requirements for TDRs including the requirement to assess whether a modification is reasonably expected or involves a concession. The new guidance requires disclosure for loan modifications to borrowers experiencing financial difficulty consisting of principal forgiveness, interest rate reduction, other-than-insignificant payment delay, term extension or a combination of these modifications. The Firm has defined these types of modifications as financial difficulty modifications ("FDMs"). As a result of the elimination of the requirement to assess whether a modification is reasonably expected or involves a concession, the population of loans considered FDMs differs from the population previously considered TDRs. This guidance also requires disclosure of current period gross charge-offs by vintage origination year. Refer to Note 12 for further information.

Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments - Schedule of Derivatives Qualifying as Guarantees (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Notional amounts
Stable value contracts with contractually limited exposure	$ 54,875,000	$ 49,476,000
JPMorgan Chase Financial Company LLC
Fair value
Direct-owned finance subsidiary ownership	100.00%
Derivatives qualifying as guarantees
Notional amounts
Derivative guarantees	$ 55,132	59,180
Stable value contracts with contractually limited exposure	31,869	31,820
Maximum exposure of stable value contracts with contractually limited exposure	1,472	2,063
Fair value
Derivative payables	$ 294	$ 649

Basis of Presentation (Policies)	9 Months Ended
Basis of Presentation (Policies)	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of presentation policy	The accounting and financial reporting policies of JPMorgan Chase and its subsidiaries conform to U.S. GAAP. Additionally, where applicable, the policies conform to the accounting and reporting guidelines prescribed by regulatory authorities.
Use of estimates in the preparation of consolidated financial statements policy	The unaudited Consolidated Financial Statements prepared in conformity with U.S. GAAP require management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expense, and the disclosures of contingent assets and liabilities. Actual results could be different from these estimates. In the opinion of management, all normal, recurring adjustments have been included such that this interim financial information is fairly stated.
Reclassifications policy	Certain amounts reported in prior periods have been revised to conform with the current presentation.
Consolidation policy	The Consolidated Financial Statements include the accounts of JPMorgan Chase and other entities in which the Firm has a controlling financial interest. All material intercompany balances and transactions have been eliminated.Assets held for clients in an agency or fiduciary capacity by the Firm are not assets of JPMorgan Chase and are not included on the Consolidated balance sheets.The Firm determines whether it has a controlling financial interest in an entity by first evaluating whether the entity is a voting interest entity or a variable interest entity.
Offsetting assets and liabilities policy	U.S. GAAP permits entities to present derivative receivables and derivative payables with the same counterparty and the related cash collateral receivables and payables on a net basis on the Consolidated balance sheets when a legally enforceable master netting agreement exists. U.S. GAAP also permits securities financing balances to be presented on a net basis when specified conditions are met, including the existence of a legally enforceable master netting agreement. The Firm has elected to net such balances where it has determined that the specified conditions are met. Refer to Note 1 of JPMorgan Chase’s 2022 Form 10-K for further information on offsetting assets and liabilities.
Accounting standards adopted policy	Derivatives and Hedging: Fair Value Hedging – Portfolio Layer Method The adoption of this guidance expanded the ability to hedge a portfolio of prepayable assets to allow more of the portfolio to be hedged. Non-prepayable assets can also be included in the same portfolio, thus increasing the size of the portfolio and the amount available to be hedged. This guidance also clarified the types of derivatives that can be used as hedges, and the balance sheet presentation and disclosure requirements for the hedge accounting adjustments. As permitted by the guidance, the Firm elected to transfer HTM securities to AFS and designate those securities in a portfolio layer method hedge upon adoption. The adoption impact of the transfer on retained earnings was not material. Refer to Note 5 and Note 10 for additional information. Financial Instruments – Credit Losses: Troubled Debt Restructurings and Vintage Disclosures The adoption of this guidance eliminated the accounting and disclosure requirements for TDRs, including the requirement to measure the allowance using a discounted cash flow (“DCF”) methodology, and allowed the option of a non-DCF portfolio-based approach for modified loans to troubled borrowers. If a DCF methodology is still applied for these modified loans, the discount rate must be the post- modification effective interest rate, instead of the pre-modification effective interest rate. The Firm elected to apply its non-DCF, portfolio-based allowance approach for modified loans to troubled borrowers for all portfolios except collateral-dependent loans and nonaccrual risk-rated loans which the Firm elected to continue applying a DCF methodology. Refer to Note 13 of JPMorgan Chase’s 2022 Form 10-K for a description of the portfolio-based allowance approach and the asset-specific allowance approach. This guidance was adopted under the modified retrospective method which resulted in a net decrease to the allowance for credit losses of $587 million and an increase to retained earnings of $446 million, after-tax, predominantly driven by residential real estate and credit card. The adoption of this guidance eliminated the disclosure requirements for TDRs including the requirement to assess whether a modification is reasonably expected or involves a concession. The new guidance requires disclosure for loan modifications to borrowers experiencing financial difficulty consisting of principal forgiveness, interest rate reduction, other-than-insignificant payment delay, term extension or a combination of these modifications. The Firm has defined these types of modifications as financial difficulty modifications ("FDMs"). As a result of the elimination of the requirement to assess whether a modification is reasonably expected or involves a concession, the population of loans considered FDMs differs from the population previously considered TDRs. This guidance also requires disclosure of current period gross charge-offs by vintage origination year. Refer to Note 12 for further information.
Allowance for credit losses policy	The Firm's allowance for credit losses represents management's estimate of expected credit losses over the remaining expected life of the Firm's financial assets measured at amortized cost and certain off-balance sheet lending-related commitments. On January 1, 2023 the Firm adopted the Financial Instruments - Credit Losses: Troubled Debt Restructurings accounting guidance as described in Note 1. The adoption of this guidance eliminated the requirement to measure the allowance for TDRs using a DCF methodology and allowed the option of a non-DCF portfolio-based approach for modified loans to borrowers experiencing financial difficulty. If a DCF methodology is still applied for these modified loans, the discount rate must be the post-modification effective interest rate, instead of the pre-modification effective interest rate. The Firm elected to change from an asset-specific allowance approach to its non-DCF, portfolio-based allowance approach for modified loans to troubled borrowers for all portfolios except collateral-dependent loans and nonaccrual risk-rated loans, for which the asset-specific allowance approach will continue to apply. This guidance was adopted under the modified retrospective method which resulted in a net decrease to the allowance for credit losses of $587 million and an increase to retained earnings of $446 million, after-tax predominantly driven by residential real estate and credit card.
Loan securitizations policy	The Firm has securitized and sold a variety of loans, including residential mortgages, credit card receivables, commercial mortgages and other consumer loans.
Goodwill policy	Goodwill Goodwill is recorded upon completion of a business combination as the difference between the purchase price and the fair value of the net assets acquired, and can be adjusted up to one year from the acquisition date as more information pertaining to facts and circumstances that existed as of the acquisition date is obtained about the fair value of assets acquired and liabilities assumed.
Debt policy	JPMorgan Chase issues long-term debt denominated in various currencies, predominantly U.S. dollars, with both fixed and variable interest rates. Included in senior and subordinated debt below are various equity-linked or other indexed instruments, which the Firm has elected to measure at fair value; changes in fair value are recorded in principal transactions revenue in the Consolidated statements of income, except for unrealized gains/(losses) due to DVA which are recorded in OCI.
Business combinations policy	Core deposit and customer relationship intangibles Core deposit and certain wealth management customer relationship intangibles were acquired as part of the First Republic acquisition. The core deposit intangible of $1.3 billion was valued by discounting estimated after-tax cost savings over the remaining useful life of the deposits using the favorable source of funds method. The after-tax cost savings were estimated based on the difference between the cost of maintaining the core deposit base relative to the cost of next best alternative funding sources available to market participants. The customer relationship intangibles of $180 million were valued by discounting estimated after-tax earnings over their remaining useful lives using the multi-period excess earnings method. Both intangible asset valuations utilized assumptions that the Firm believes a market participant would use to estimate fair values, such as growth and attrition rates, projected fee income as well as related costs to service the relationships, and discount rates. The core deposit and customer relationship intangibles will be amortized over a projected period of future cash flows of approximately 7 years. As of September 30, 2023, the carrying values of the core deposit and customer relationship intangibles were $1.2 billion and $169 million, respectively, reflecting accumulated amortization of approximately $76 million and $11 million, respectively. Indemnification assets - Shared-loss agreements The indemnification assets represent forecasted recoveries from the FDIC associated with the shared-loss assets over the respective shared-loss recovery periods. The indemnification assets were recorded at fair value in other assets on the Consolidated balance sheets on the acquisition date. The fair values of the indemnification assets were estimated based on the timing of the forecasted losses underlying the related allowance for credit losses. The subsequent quarterly remeasurement of the indemnification assets is based on changes in the amount and timing of forecasted losses in the allowance for credit losses associated with the shared-loss assets and is recorded in other income. Under certain circumstances, the Firm may be required to make a payment to the FDIC upon termination of the shared-loss agreements based on the level of actual losses and recoveries on the shared-loss assets. The estimated potential future payment is reflected as contingent consideration as part of the purchase price consideration. Purchase Money Note and FHLB advances The Purchase Money Note is recorded in long-term debt on the Consolidated balance sheets. The fair value of the Purchase Money Note was estimated based on a discounted cash flow methodology and incorporated estimated market discount rates. The FHLB advances assumed in the acquisition are recorded in short-term borrowings and in long-term debt. The fair values of the FHLB advances were based on a discounted cash flow methodology and considered the observed FHLB advance issuance rates.

Variable Interest Entities - Loan Delinquencies and Liquidation Losses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Securitized loans
Information about delinquencies, net charge-offs, and components of off-balance sheet securitized financial assets [Abstract]
90 or more days past due	$ 2,944		$ 2,944		$ 1,671
Net liquidation losses/(recoveries)	43	$ 5	76	$ (14)
Securitized loans \| Commercial and other
Information about delinquencies, net charge-offs, and components of off-balance sheet securitized financial assets [Abstract]
90 or more days past due	2,342		2,342		948
Net liquidation losses/(recoveries)	40	11	59	22
Nonconsolidated entities
Information about delinquencies, net charge-offs, and components of off-balance sheet securitized financial assets [Abstract]
Securitized assets	169,728		169,728		165,838
Nonconsolidated entities \| Commercial and other
Information about delinquencies, net charge-offs, and components of off-balance sheet securitized financial assets [Abstract]
Securitized assets	129,838		129,838		127,037
Prime / Alt-A & option ARMs \| Securitized loans \| Residential mortgage
Information about delinquencies, net charge-offs, and components of off-balance sheet securitized financial assets [Abstract]
90 or more days past due	471		471		511
Net liquidation losses/(recoveries)	2	(5)	12	(32)
Prime / Alt-A & option ARMs \| Nonconsolidated entities \| Residential mortgage
Information about delinquencies, net charge-offs, and components of off-balance sheet securitized financial assets [Abstract]
Securitized assets	38,600		38,600		37,058
Subprime \| Securitized loans \| Residential mortgage
Information about delinquencies, net charge-offs, and components of off-balance sheet securitized financial assets [Abstract]
90 or more days past due	131		131		212
Net liquidation losses/(recoveries)	1	$ (1)	5	$ (4)
Subprime \| Nonconsolidated entities \| Residential mortgage
Information about delinquencies, net charge-offs, and components of off-balance sheet securitized financial assets [Abstract]
Securitized assets	$ 1,290		$ 1,290		$ 1,743

Noninterest Revenue and Noninterest Expense - Asset Management Fees (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Noninterest Income (Expense) [Abstract]
Investment management fees	$ 3,825	$ 3,420	$ 10,910	$ 10,407
All other asset management fees	79	75	233	257
Total asset management fees	$ 3,904	$ 3,495	$ 11,143	$ 10,664

Business Combinations - Computation of Purchase Price and the Assets Acquired Net of Liabilities Assumed (Details) - USD ($) $ in Millions		3 Months Ended		5 Months Ended	9 Months Ended
	May 01, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022
Liabilities
Estimated gain on acquisition, after income taxes		$ 100	$ 0		$ 2,812	$ 0
First Republic
Purchase price consideration
Amounts paid/due to the FDIC, net of cash acquired				$ 13,524
Purchase Money Note (at fair value)				48,848
Settlement of First Republic deposit and other related party transactions				5,447
Contingent consideration - Shared-loss agreements				15
Purchase price consideration				67,834
Assets
Securities		30,285		30,285	30,285
Loans		152,482		152,482	152,482
Core deposit and customer relationship intangibles		1,455		1,455	1,455
Indemnification assets - Shared-loss agreements		675		675	675
Accounts receivable and other assets		7,475		7,475	7,475
Total assets acquired		192,372		192,372	192,372
Liabilities
Deposits		87,572		87,572	87,572
FHLB advances		27,919		27,919	27,919
Lending-related commitments		2,589		2,589	2,589
Accounts payable and other liabilities		2,758		2,758	2,758
Deferred tax liabilities		888		888	888
Total liabilities assumed		121,726		121,726	121,726
Fair value of net assets acquired		70,646		70,646	70,646
Estimated gain on acquisition, after income taxes	$ 2,700			2,812	2,800
Cash paid at acquisition				10,600
Amounts payable				3,600
Cash acquired from acquisition				680
Consideration transferred for settlement of securities financing transaction				447
Tax-oriented investments		1,200		1,200	1,200
Right-of-use assets acquired		683		683	683
Tax-oriented investment liability		669		669	669
Lease liabilities assumed		$ 748		$ 748	$ 748

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Millions	Total	Preferred stock	Common stock	Additional paid-in capital	Retained earnings	Retained earnings Cumulative effect of change in accounting principles	Accumulated other comprehensive income/(loss)	Treasury stock, at cost
Beginning balance at Dec. 31, 2021		$ 34,838	$ 4,105	$ 88,415	$ 272,268		$ (84)	$ (105,415)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance		0
Redemption		(2,000)
Shares issued and commitments to issue common stock for employee share-based compensation awards, and related tax effects				450
Net income	$ 26,668				26,668
Dividends declared:
Preferred stock					(1,239)
Common stock ($1.05 and $1.00 per share and $3.05 and $3.00 per share, respectively)					(8,921)
Other comprehensive income/(loss), after-tax	(19,050)						(19,050)
Repurchase								(3,122)
Reissuance								1,105
Ending balance at Sep. 30, 2022	288,018	32,838	4,105	88,865	288,776		(19,134)	(107,432)
Beginning balance at Jun. 30, 2022		32,838	4,105	88,614	282,445		(14,369)	(107,490)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance		0
Redemption		0
Shares issued and commitments to issue common stock for employee share-based compensation awards, and related tax effects				251
Net income	9,737				9,737
Dividends declared:
Preferred stock					(432)
Common stock ($1.05 and $1.00 per share and $3.05 and $3.00 per share, respectively)					(2,974)
Other comprehensive income/(loss), after-tax	(4,765)						(4,765)
Repurchase								0
Reissuance								58
Ending balance at Sep. 30, 2022	288,018	32,838	4,105	88,865	288,776		(19,134)	(107,432)
Beginning balance at Dec. 31, 2022	292,332	27,404	4,105	89,044	296,456	$ 449	(17,341)	(107,336)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance		0
Redemption		0
Shares issued and commitments to issue common stock for employee share-based compensation awards, and related tax effects				855
Net income	40,245				40,245
Dividends declared:
Preferred stock					(1,115)
Common stock ($1.05 and $1.00 per share and $3.05 and $3.00 per share, respectively)					(8,991)
Other comprehensive income/(loss), after-tax	237						237
Repurchase								(7,658)
Reissuance								1,017
Ending balance at Sep. 30, 2023	317,371	27,404	4,105	89,899	327,044		(17,104)	(113,977)
Beginning balance at Jun. 30, 2023		27,404	4,105	89,578	317,359		(14,290)	(111,640)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance		0
Redemption		0
Shares issued and commitments to issue common stock for employee share-based compensation awards, and related tax effects				321
Net income	13,151				13,151
Dividends declared:
Preferred stock					(386)
Common stock ($1.05 and $1.00 per share and $3.05 and $3.00 per share, respectively)					(3,080)
Other comprehensive income/(loss), after-tax	(2,814)						(2,814)
Repurchase								(2,387)
Reissuance								50
Ending balance at Sep. 30, 2023	$ 317,371	$ 27,404	$ 4,105	$ 89,899	$ 327,044		$ (17,104)	$ (113,977)

Business Combinations (Tables)

9 Months Ended

Sep. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Computation of purchase price and fair value of the assets acquired net of liabilities assumed

The computation of the purchase price, the estimated fair values of the assets acquired and liabilities assumed as part of the First Republic acquisition and the related estimated bargain purchase gain are presented below, and reflect the adjustments made during the three months ended September 30, 2023 to the acquisition-date fair value of the net assets acquired.


	Fair value purchase price allocation as of May 1, 2023
(in millions)
Purchase price consideration
Amounts paid/due to the FDIC, net of cash acquired(a)	$	13,524
Purchase Money Note (at fair value)	48,848
Settlement of First Republic deposit and other related party transactions(b)	5,447
Contingent consideration - Shared-loss agreements	15
Purchase price consideration	$	67,834

Assets
Securities	$	30,285
Loans	152,482
Core deposit and customer relationship intangibles	1,455
Indemnification assets - Shared-loss agreements	675
Accounts receivable and other assets(c)	7,475
Total assets acquired	$	192,372

Liabilities
Deposits	$	87,572
FHLB advances	27,919
Lending-related commitments	2,589
Accounts payable and other liabilities(c)	2,758
Deferred tax liabilities	888
Total liabilities assumed	$	121,726

Fair value of net assets acquired	$	70,646
Estimated gain on acquisition, after income taxes	$	2,812

(a)Includes $10.6 billion of cash paid to the FDIC at acquisition and $3.6 billion payable to the FDIC, less cash acquired of $680 million.

(b)Includes $447 million of securities financing transactions with First Republic Bank that were effectively settled on the acquisition date.

(c)Other assets include $1.2 billion in tax-oriented investments and $683 million of lease right-of-use assets. Other liabilities include the related tax-oriented investment liabilities of $669 million and lease liabilities of $748 million. Refer to Note 14 and Note 17 for additional information.

The following table presents the unpaid principal balance ("UPB") and estimated fair values of the loans acquired as of May 1, 2023, and reflects adjustments made during the three months ended September 30, 2023 to the acquisition-date fair value of the loans acquired.



	May 1, 2023
(in millions)	UPB		Fair value
Residential real estate	$	106,240	$	92,053
Auto and other	3,093		2,032
Total consumer	109,333		94,085
Secured by real estate	37,117		33,602
Commercial & industrial	4,332		3,932
Other	22,599		20,863
Total wholesale	64,048		58,397
Total loans	$	173,381	$	152,482

Unaudited pro forma information

The following table presents certain unaudited pro forma financial information for the three and nine months ended September 30, 2023 and 2022 as if the First Republic acquisition had occurred on January 1, 2022, including recognition of the estimated bargain purchase gain of $2.8 billion and the provision for credit losses of $1.2 billion. Additional adjustments include the interest on the Purchase Money Note and the impact of amortizing and accreting certain estimated fair value adjustments related to intangible assets, loans and lending-related commitments.

The Firm expects to achieve operating cost savings and other business synergies resulting from the acquisition that are not reflected in the pro forma amounts. The pro forma information is not necessarily indicative of the historical results of operations had the acquisition occurred on January 1, 2022, nor is it indicative of the results of operations in future periods, particularly in light of recent changes in market and economic conditions.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Noninterest revenue	$	16,820	$	15,655	$	51,480	$	51,857
Net interest income	22,726		18,648		66,808		49,618
Net income	12,902		10,354		39,500		29,533

Securities Financing Activities - Gross and Net Amounts of Securities Financing Agreements (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Assets
Securities purchased under resale agreements, Gross amounts	$ 556,708	$ 597,912
Securities purchased under resale agreements, Amounts netted on the Consolidated balance sheets	(206,711)	(282,411)
Securities purchased under resale agreements, Amounts presented on the Consolidated balance sheets	349,997	315,501
Securities purchased under resale agreements, Amounts not nettable on the Consolidated balance sheets	(339,936)	(304,120)
Securities purchased under resale agreements, Net amounts	10,061	11,381
Securities borrowed, Gross amounts	226,710	228,279
Securities borrowed, Amounts netted on the Consolidated balance sheets	(38,431)	(42,910)
Securities borrowed, Amounts presented on the Consolidated balance sheets	188,279	185,369
Securities borrowed, Amounts not nettable on the Consolidated balance sheets	(137,150)	(131,578)
Securities borrowed, Net amounts	51,129	53,791
Liabilities
Securities sold under repurchase agreements, Gross amounts	467,094	480,793
Securities sold under repurchase agreements, Amounts netted on the Consolidated balance sheets	(206,711)	(282,411)
Securities sold under repurchase agreements, Amounts presented on the Consolidated balance sheets	260,383	198,382
Securities sold under repurchase agreements, Amounts not nettable on the Consolidated balance sheets	(224,365)	(167,427)
Securities sold under repurchase agreements, Net amounts	36,018	30,955
Securities loaned and other, Gross amounts	49,530	52,443
Securities loaned and other, Amounts netted on the Consolidated balance sheets	(38,431)	(42,910)
Securities loaned and other, Amounts presented on the Consolidated balance sheets	11,099	9,533
Securities loaned and other, Amounts not nettable on the Consolidated balance sheets	(10,866)	(9,527)
Securities loaned and other, Net amounts	233	6
Securities purchased under resale agreements where an appropriate legal opinion has not been either sought or obtained, Gross asset balance	6,200	6,000
Securities borrowed where an appropriate legal opinion has not been either sought or obtained	46,700	49,000
Securities sold under agreements to repurchase	34,100	29,100
Securities loaned and other	105	2
Securities-for-securities
Liabilities
Securities loaned and other, Amounts presented on the Consolidated balance sheets	$ 4,400	$ 7,000

Business Combinations - Narrative (Details) $ in Millions			3 Months Ended		5 Months Ended	9 Months Ended
Business Combinations - Narrative (Details) $ in Millions	May 09, 2023 USD ($)	May 01, 2023 USD ($) agreement	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Mar. 16, 2023 USD ($)	Dec. 31, 2022 USD ($)
Business Acquisition [Line Items]
Estimated bargain purchase gain			$ 100	$ 0		$ 2,812	$ 0
Deposits with banks			486,448		$ 486,448	486,448			$ 539,537
Provision for credit losses			1,384	$ 1,537		6,558	$ 4,101
First Republic
Business Acquisition [Line Items]
Deposits with banks								$ 5,000
First Republic \| Consortium of large U.S. banks
Business Acquisition [Line Items]
Deposits with banks								$ 30,000
First Republic
Business Acquisition [Line Items]
Estimated bargain purchase gain		$ 2,700			2,812	2,800
Increase to estimated bargain purchase gain			100
Number of shared-loss agreements \| agreement		2
Consideration transferred, effective settlement of deposit					5,000
Settlement of securities financing transaction					447
Consideration transferred, amounts payable					3,600
Net income attributable to the acquisition since the acquisition date			1,100			3,500
Provision for credit losses		$ 1,200
First Republic \| Noninterest revenue
Business Acquisition [Line Items]
Revenue attributable to the acquisition since the acquisition date			761			3,900
First Republic \| Net interest income
Business Acquisition [Line Items]
Revenue attributable to the acquisition since the acquisition date			1,500			2,400
First Republic \| Core Deposits
Business Acquisition [Line Items]
Intangible assets acquired					1,300
Estimated period of future cash flows		7 years
Intangible assets carrying value			1,200		1,200	1,200
Intangible assets accumulated amortization			76		76	76
First Republic \| Customer relationships
Business Acquisition [Line Items]
Intangible assets acquired					180
Estimated period of future cash flows		7 years
Intangible assets carrying value			169		169	169
Intangible assets accumulated amortization			$ 11		$ 11	$ 11
First Republic \| Consortium of large U.S. banks
Business Acquisition [Line Items]
Deposits repaid	$ 25,000
First Republic \| Commercial loans and other real estate
Business Acquisition [Line Items]
Percentage of credit losses covered under shared-loss agreement		80.00%
Term of shared-loss agreement		5 years
Recover period for shared-loss agreement		3 years
First Republic \| Secured by mortgages on real property or cooperative shares that are a primary residence
Business Acquisition [Line Items]
Percentage of credit losses covered under shared-loss agreement		80.00%
Term of shared-loss agreement		7 years
First Republic \| Purchase Money Note
Business Acquisition [Line Items]
Term of FDIC Purchase Money Note		5 years
Face amount of notes		$ 50,000
Fixed rate of FDCI Purchase Money Note		3.40%

Leases (Tables)

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Schedule of information related to operating leases

The carrying values of the Firm’s operating leases were as follows:


(in millions)	September 30, 2023			December 31, 2022
Right-of-use assets	$	8,300	(a)	$	7,782
Lease liabilities	8,697		(b)	8,183

(a)Includes $666 million of right-of-use assets associated with First Republic.

(b)Includes $732 million of lease liabilities associated with First Republic.

Schedule of operating lease income and related depreciation expense

The following table presents the Firm’s operating lease income, included within other income, and the related depreciation expense, included within technology, communications and equipment expense, on the Consolidated statements of income:


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Operating lease income	$	695	$	870	$	2,166	$	2,863
Depreciation expense	468		620		1,344		1,998

Fair Value Option

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Fair Value Option

Fair value option

The fair value option provides an option to elect fair value for selected financial assets, financial liabilities, unrecognized firm commitments, and written loan commitments.

The Firm has elected to measure certain instruments at fair value for several reasons including to mitigate income statement volatility caused by the differences between the measurement basis of elected instruments (e.g., certain instruments that otherwise would be accounted for on an accrual basis) and the associated risk management arrangements that are accounted for on a fair value basis, as well as to better reflect those instruments that are managed on a fair value basis.

The Firm’s election of fair value includes the following instruments:

•Loans purchased or originated as part of securitization warehousing activity, subject to bifurcation accounting, or managed on a fair value basis, including lending-related commitments

•Certain securities financing agreements

•Owned beneficial interests in securitized financial assets that contain embedded credit derivatives, which would otherwise be required to be separately accounted for as a derivative instrument

•Structured notes and other hybrid instruments, which are predominantly financial instruments that contain embedded derivatives, that are issued or transacted as part of client-driven activities

•Certain long-term beneficial interests issued by CIB’s consolidated securitization trusts where the underlying assets are carried at fair value

Changes in fair value under the fair value option election

The following table presents the changes in fair value included in the Consolidated statements of income for the three and nine months ended September 30, 2023 and 2022, for items for which the fair value option was elected. The profit and loss information presented below only includes the financial instruments that were elected to be measured at fair value; related risk management instruments, which are required to be measured at fair value, are not included in the table.


	Three months ended September 30,
	2023							2022
(in millions)	Principal transactions		All other income			Total changes in fair value recorded (e)		Principal transactions		All other income			Total changes in fair value recorded (e)
Federal funds sold and securities purchased under resale agreements	$	146	$	—		$	146	$	(185)	$	—		$	(185)
Securities borrowed	29		—			29		(209)		—			(209)
Trading assets:
Debt and equity instruments, excluding loans	200		—			200		(1,782)		—			(1,782)
Loans reported as trading assets:
Changes in instrument-specific credit risk	17		—			17		34		—			34
Other changes in fair value	4		—			4		(36)		—			(36)
Loans:
Changes in instrument-specific credit risk	31		4		(c)	35		(133)		3		(c)	(130)
Other changes in fair value	(74)		(78)		(c)	(152)		(340)		(107)		(c)	(447)
Other assets	32		(1)		(d)	31		12		(7)		(d)	5
Deposits(a)	(454)		—			(454)		364		—			364
Federal funds purchased and securities loaned or sold under repurchase agreements	(17)		—			(17)		104		—			104
Short-term borrowings(a)	(130)		—			(130)		85		—			85
Trading liabilities	4		—			4		9		—			9
Beneficial interests issued by consolidated VIEs	—		—			—		—		—			—
Other liabilities	(2)		—			(2)		(2)		—			(2)
Long-term debt(a)(b)	2,606		(14)		(c)(d)	2,592		1,828		125		(c)(d)	1,953


	Nine months ended September 30,
	2023							2022
(in millions)	Principal transactions		All other income			Total changes in fair value recorded (e)		Principal transactions		All other income			Total changes in fair value recorded (e)
Federal funds sold and securities purchased under resale agreements	$	366	$	—		$	366	$	(560)	$	—		$	(560)
Securities borrowed	57		—			57		(508)		—			(508)
Trading assets:
Debt and equity instruments, excluding loans	2,955		—			2,955		(2,693)		—			(2,693)
Loans reported as trading assets:
Changes in instrument-specific credit risk	248		—			248		(109)		—			(109)
Other changes in fair value	9		2		(c)	11		(58)		—			(58)
Loans:
Changes in instrument-specific credit risk	102		—			102		(210)		26		(c)	(184)
Other changes in fair value	45		26		(c)	71		(1,560)		(881)		(c)	(2,441)
Other assets	46		(2)		(d)	44		21		(6)		(d)	15
Deposits(a)	(1,322)		—			(1,322)		1,148		—			1,148
Federal funds purchased and securities loaned or sold under repurchase agreements	(86)		—			(86)		310		—			310
Short-term borrowings(a)	(399)		—			(399)		858		—			858
Trading liabilities	(26)		—			(26)		(3)		—			(3)
Beneficial interests issued by consolidated VIEs	—		—			—		(1)		—			(1)
Other liabilities	(3)		—			(3)		(6)		—			(6)
Long-term debt(a)(b)	(855)		(42)		(c)(d)	(897)		11,193		158		(c)(d)	11,351

(a)Unrealized gains/(losses) due to instrument-specific credit risk (DVA) for liabilities for which the fair value option has been elected are recorded in OCI, while realized gains/(losses) are recorded in principal transactions revenue. Realized gains/(losses) due to instrument-specific credit risk recorded in principal transactions revenue were not material both for the three and nine months ended September 30, 2023 and 2022.

(b)Long-term debt measured at fair value predominantly relates to structured notes. Although the risk associated with the structured notes is actively managed, the gains/(losses) reported in this table do not include the income statement impact of the risk management instruments used to manage such risk.

(c)Reported in mortgage fees and related income.

(d)Reported in other income.

(e)Changes in fair value exclude contractual interest, which is included in interest income and interest expense for all instruments other than certain hybrid financial instruments in CIB. Refer to Note 7 for further information regarding interest income and interest expense.

Difference between aggregate fair value and aggregate remaining contractual principal balance outstanding

The following table reflects the difference between the aggregate fair value and the aggregate remaining contractual principal balance outstanding as of September 30, 2023 and December 31, 2022, for loans, long-term debt and long-term beneficial interests for which the fair value option has been elected.


	September 30, 2023							December 31, 2022
(in millions)	Contractual principal outstanding			Fair value		Fair value over/(under) contractual principal outstanding		Contractual principal outstanding			Fair value		Fair value over/(under) contractual principal outstanding
Loans
Nonaccrual loans
Loans reported as trading assets	$	3,080		$	572	$	(2,508)	$	2,517		$	368	$	(2,149)
Loans	875			750		(125)		967			829		(138)
Subtotal	3,955			1,322		(2,633)		3,484			1,197		(2,287)
90 or more days past due and government guaranteed
Loans(a)	71			65		(6)		124			115		(9)
All other performing loans(b)
Loans reported as trading assets	9,009			7,574		(1,435)		7,823			6,135		(1,688)
Loans	39,212			37,993		(1,219)		42,588			41,135		(1,453)
Subtotal	48,221			45,567		(2,654)		50,411			47,270		(3,141)
Total loans	$	52,247		$	46,954	$	(5,293)	$	54,019		$	48,582	$	(5,437)
Long-term debt
Principal-protected debt	$	45,221	(d)	$	34,331	$	(10,890)	$	41,341	(d)	$	31,105	$	(10,236)
Nonprincipal-protected debt(c)	NA			44,026		NA		NA			41,176		NA
Total long-term debt	NA			$	78,357	NA		NA			$	72,281	NA
Long-term beneficial interests
Nonprincipal-protected debt(c)	NA			$	66	NA		NA			$	5	NA
Total long-term beneficial interests	NA			$	66	NA		NA			$	5	NA

(a)These balances are excluded from nonaccrual loans as the loans are insured and/or guaranteed by U.S. government agencies.

(b)There were no performing loans that were ninety days or more past due as of September 30, 2023 and December 31, 2022.

(c)Remaining contractual principal is not applicable to nonprincipal-protected structured notes and long-term beneficial interests. Unlike principal-protected structured notes and long-term beneficial interests, for which the Firm is obligated to return a stated amount of principal at maturity, nonprincipal-protected structured notes and long-term beneficial interests do not obligate the Firm to return a stated amount of principal at maturity, but for structured notes to return an amount based on the performance of an underlying variable or derivative feature embedded in the note. However, investors are exposed to the credit risk of the Firm as issuer for both nonprincipal-protected and principal-protected notes.

(d)Where the Firm issues principal-protected zero-coupon or discount notes, the balance reflects the contractual principal payment at maturity or, if applicable, the contractual principal payment at the Firm’s next call date.

At September 30, 2023 and December 31, 2022, the contractual amount of lending-related commitments for which the fair value option was elected was $13.0 billion and $7.6 billion, respectively, with a corresponding fair value of $247 million and $24 million, respectively. Refer to Note 28 of JPMorgan Chase’s 2022 Form 10-K, and Note 24 of this Form 10-Q for further information regarding off-balance sheet lending-related financial instruments.

Structured note products by balance sheet classification and risk component

The following table presents the fair value of structured notes, by balance sheet classification and the primary risk type.


	September 30, 2023									December 31, 2022
(in millions)	Long-term debt		Short-term borrowings		Deposits			Total		Long-term debt		Short-term borrowings		Deposits			Total
Risk exposure
Interest rate	$	34,449	$	271	$	60,595		$	95,315	$	31,973	$	260	$	24,655		$	56,888
Credit	4,746		365		—			5,111		4,105		170		—			4,275
Foreign exchange	2,373		953		112			3,438		2,674		788		50			3,512
Equity	34,007		5,850		2,986			42,843		30,864		4,272		3,545			38,681
Commodity	1,989		21		1		(a)	2,011		1,655		16		2		(a)	1,673
Total structured notes	$	77,564	$	7,460	$	63,694		$	148,718	$	71,271	$	5,506	$	28,252		$	105,029

(a)Excludes deposits linked to precious metals for which the fair value option has not been elected of $587 million and $602 million for the periods ended September 30, 2023 and December 31, 2022, respectively.

- Definition

The entire disclosure for a company's election to apply the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide. Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) the reasons for electing a fair value option for each eligible item or group of similar eligible items; (b) if the fair value option is elected for some but not all eligible items within a group of similar eligible items: (i) a description of those similar items and the reasons for partial election and (ii) information of how the group of similar items relates to individual balance sheet line items; (c) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected: (i) information of how each line item in the statement of financial position relates to major categories of assets and liabilities presented in accordance with other fair value disclosures and (ii) the aggregate carrying amount of ineligible items included in each line item in the balance sheet, if any; (d) the difference between the aggregate fair value and the aggregate unpaid principal balance (assuming contractual principal amounts and fair value option elected) of: (i) loans and long-term receivables (other than securities otherwise reported at fair value) and (ii) long-term debt instruments; (e) for loans held as assets for which the fair value option has been elected: (i) the aggregate fair value of loans that are 90 days or more past due, (ii) if the policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status, and (iii) the difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both; (f) for investments that would have been accounted for under the equity method if the entity had not chosen to apply the fair value option, the information required for such investments, if material either individually or in the aggregate; (2) for items included in the income statement: (a) the amounts of gains and losses from fair value changes included in earnings and in which line in the income statement those gains and losses are reported whether or not combined with gains and losses from items required to be accounted for at fair value; (b) a description of how interest and dividends are measured and where they are reported in the income statement; (c) for loans and other receivables held as assets: (i) the estimated amount of gains or losses included in earnings attributable to changes in instrument-specific credit risk and (ii) how the gains or losses attributable to changes in instrument-specific credit risk were determined; (d) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk: (i) the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk, (ii) qualitative information about the reasons for those changes, and (iii) how the gains and losses attributable to changes in instrument-specific credit risk were determined; and (3) certain other disclosures as required or determined to be provided.

+ References + Details

Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Millions							3 Months Ended		9 Months Ended
	Aug. 01, 2023	Jul. 31, 2023	Apr. 30, 2023	Oct. 31, 2022	Oct. 03, 2022	Feb. 01, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)							2,740,375		2,740,375		2,740,375
Carrying value							$ 27,404		$ 27,404		$ 27,404
Liquidation value and redemption price per share (in dollars per share)							$ 10,000		$ 10,000
Aggregate liquidation value							$ 27,700		$ 27,700
Series DD
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)							169,625		169,625		169,625
Carrying value							$ 1,696		$ 1,696		$ 1,696
Issue date									Sep. 21, 2018
Contractual rate in effect									5.75%
Dividend declared per share (in dollars per share)							$ 143.75	$ 143.75	$ 431.25	$ 431.25
Series DD \| Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date									Dec. 01, 2023
Series EE
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)							185,000		185,000		185,000
Carrying value							$ 1,850		$ 1,850		$ 1,850
Issue date									Jan. 24, 2019
Contractual rate in effect									6.00%
Dividend declared per share (in dollars per share)							$ 150.00	150.00	$ 450.00	450.00
Series EE \| Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date									Mar. 01, 2024
Series GG
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)							90,000		90,000		90,000
Carrying value							$ 900		$ 900		$ 900
Issue date									Nov. 07, 2019
Contractual rate in effect									4.75%
Dividend declared per share (in dollars per share)							$ 118.75	118.75	$ 356.25	356.25
Series GG \| Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date									Dec. 01, 2024
Series JJ
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)							150,000		150,000		150,000
Carrying value							$ 1,500		$ 1,500		$ 1,500
Issue date									Mar. 17, 2021
Contractual rate in effect									4.55%
Dividend declared per share (in dollars per share)							$ 113.75	113.75	$ 341.25	341.25
Series JJ \| Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date									Jun. 01, 2026
Series LL
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)							185,000		185,000		185,000
Carrying value							$ 1,850		$ 1,850		$ 1,850
Issue date									May 20, 2021
Contractual rate in effect									4.625%
Dividend declared per share (in dollars per share)							$ 115.63	115.63	$ 346.89	346.89
Series LL \| Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date									Jun. 01, 2026
Series MM
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)							200,000		200,000		200,000
Carrying value							$ 2,000		$ 2,000		$ 2,000
Issue date									Jul. 29, 2021
Contractual rate in effect									4.20%
Dividend declared per share (in dollars per share)							$ 105.00	105.00	$ 315.00	315.00
Series MM \| Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date									Sep. 01, 2026
Series I
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)							0		0		0
Carrying value							$ 0		$ 0		$ 0
Issue date									Apr. 23, 2008
Dividend declared per share (in dollars per share)							$ 0	163.87	$ 0	375.03
Preferred stock redeemed				$ 2,900
Series I \| Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date									Apr. 30, 2018
Series Q
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)							150,000		150,000		150,000
Carrying value							$ 1,500		$ 1,500		$ 1,500
Issue date									Apr. 23, 2013
Contractual rate in effect			5.15%
Dividend declared per share (in dollars per share)			$ 257.50				$ 227.02	128.75	$ 574.25	386.25
Series Q \| SOFR
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread	3.25%								3.25%
Series Q \| Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date									May 01, 2023
Series R
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)							150,000		150,000		150,000
Carrying value							$ 1,500		$ 1,500		$ 1,500
Issue date									Jul. 29, 2013
Contractual rate in effect		6.00%
Dividend declared per share (in dollars per share)		$ 300.00					$ 228.30	150.00	$ 528.30	450.00
Series R \| SOFR
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread	3.30%								3.30%
Series R \| Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date									Aug. 01, 2023
Series S
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)							200,000		200,000		200,000
Carrying value							$ 2,000		$ 2,000		$ 2,000
Issue date									Jan. 22, 2014
Contractual rate in effect									6.75%
Dividend declared per share (in dollars per share)							$ 168.75	168.75	$ 506.25	506.25
Series S \| SOFR
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread									3.78%
Series S \| Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date									Feb. 01, 2024
Series U
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)							100,000		100,000		100,000
Carrying value							$ 1,000		$ 1,000		$ 1,000
Issue date									Mar. 10, 2014
Contractual rate in effect									6.125%
Dividend declared per share (in dollars per share)							$ 153.13	153.13	$ 459.38	459.38
Series U \| SOFR
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread									3.33%
Series U \| Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date									Apr. 30, 2024
Series V
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)							0		0		0
Carrying value							$ 0		$ 0		$ 0
Issue date									Jun. 09, 2014
Dividend declared per share (in dollars per share)							$ 0	146.15	$ 0	340.91
Preferred stock redeemed					$ 2,500
Series V \| Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date									Jul. 01, 2019
Series X
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)							160,000		160,000		160,000
Carrying value							$ 1,600		$ 1,600		$ 1,600
Issue date									Sep. 23, 2014
Contractual rate in effect									6.10%
Dividend declared per share (in dollars per share)							$ 152.50	152.50	$ 457.50	457.50
Series X \| SOFR
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread									3.33%
Series X \| Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date									Oct. 01, 2024
Series Z
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)							0		0		0
Carrying value							$ 0		$ 0		$ 0
Issue date									Apr. 21, 2015
Dividend declared per share (in dollars per share)							$ 0	0	$ 0	0
Preferred stock redeemed						$ 2,000
Series Z \| Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date									May 01, 2020
Series CC
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)							125,750		125,750		125,750
Carrying value							$ 1,258		$ 1,258		$ 1,258
Issue date									Oct. 20, 2017
Contractual rate in effect				4.625%
Dividend declared per share (in dollars per share)				$ 231.25			$ 209.90	115.63	$ 594.05	346.88
Series CC \| SOFR
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread	2.58%								2.58%
Series CC \| Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date									Nov. 01, 2022
Series FF
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)							225,000		225,000		225,000
Carrying value							$ 2,250		$ 2,250		$ 2,250
Issue date									Jul. 31, 2019
Contractual rate in effect									5.00%
Dividend declared per share (in dollars per share)							$ 125.00	125.00	$ 375.00	375.00
Series FF \| SOFR
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread									3.38%
Series FF \| Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date									Aug. 01, 2024
Series HH
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)							300,000		300,000		300,000
Carrying value							$ 3,000		$ 3,000		$ 3,000
Issue date									Jan. 23, 2020
Contractual rate in effect									4.60%
Dividend declared per share (in dollars per share)							$ 115.00	115.00	$ 345.00	345.00
Series HH \| SOFR
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread									3.125%
Series HH \| Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date									Feb. 01, 2025
Series II
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)							150,000		150,000		150,000
Carrying value							$ 1,500		$ 1,500		$ 1,500
Issue date									Feb. 24, 2020
Contractual rate in effect									4.00%
Dividend declared per share (in dollars per share)							$ 100.00	100.00	$ 300.00	300.00
Series II \| SOFR
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread									2.745%
Series II \| Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date									Apr. 01, 2025
Series KK
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)							200,000		200,000		200,000
Carrying value							$ 2,000		$ 2,000		$ 2,000
Issue date									May 12, 2021
Contractual rate in effect									3.65%
Dividend declared per share (in dollars per share)							$ 91.25	$ 91.25	$ 273.75	$ 273.75
Series KK \| Five-year CMT
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread									2.85%
Series KK \| Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred Stock, Earliest Redemption Date									Jun. 01, 2026

Variable Interest Entities - Consolidated VIE Assets and Liabilities (Details) - USD ($)
$ in Millions

Sep. 30, 2023

Dec. 31, 2022

Sep. 30, 2022

Information on assets and liabilities related to VIEs that are consolidated by the Firm [Abstract]

Trading assets

$ 601,993

$ 453,799

Loans

1,288,113

1,115,921

Other

150,801

182,884

Total assets

3,898,333

^[1]

3,665,743

^[1]

$ 3,773,884

Beneficial interests in VIE assets

24,896

12,610

Total liabilities

^[1]

3,580,962

3,373,411

VIEs consolidated by the Firm

Information on assets and liabilities related to VIEs that are consolidated by the Firm [Abstract]

Trading assets

1,780

2,151

Loans

38,176

34,411

Other

593

550

Total assets

40,549

37,112

Beneficial interests in VIE assets

24,896

12,610

Other

244

279

Total liabilities

25,140

12,889

Beneficial interests in VIE assets, long term

3,200

2,100

VIEs consolidated by the Firm | Firm-sponsored credit card trusts

Information on assets and liabilities related to VIEs that are consolidated by the Firm [Abstract]

Trading assets

Loans

9,003

9,699

Other

112

100

Total assets

9,115

9,799

Beneficial interests in VIE assets

2,997

1,999

Other

Total liabilities

3,003

2,001

VIEs consolidated by the Firm | Firm-administered multi-seller conduits

Information on assets and liabilities related to VIEs that are consolidated by the Firm [Abstract]

Trading assets

Loans

28,276

22,819

Other

196

170

Total assets

28,473

22,989

Beneficial interests in VIE assets

19,817

9,236

Other

Total liabilities

19,846

9,275

VIEs consolidated by the Firm | Municipal bond vehicles

Information on assets and liabilities related to VIEs that are consolidated by the Firm [Abstract]

Trading assets

1,725

2,089

Loans

Other

Total assets

1,751

2,096

Beneficial interests in VIE assets

1,888

1,232

Other

Total liabilities

1,899

1,242

VIEs consolidated by the Firm | Mortgage securitization entities

Information on assets and liabilities related to VIEs that are consolidated by the Firm [Abstract]

Trading assets

Loans

712

781

Other

Total assets

720

791

Beneficial interests in VIE assets

128

143

Other

Total liabilities

186

210

VIEs consolidated by the Firm | Other

Information on assets and liabilities related to VIEs that are consolidated by the Firm [Abstract]

Trading assets

Loans

185

1,112

Other

251

263

Total assets

490

1,437

Beneficial interests in VIE assets

Other

140

161

Total liabilities

$ 206

$ 161

[1]

The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at September 30, 2023 and December 31, 2022. The assets of the consolidated VIEs are used to settle the liabilities of those entities. The holders of the beneficial interests generally do not have recourse to the general credit of JPMorgan Chase. The assets and liabilities in the table below include third-party assets and liabilities of consolidated VIEs and exclude intercompany balances that eliminate in consolidation. Refer to Note 14 for a further discussion.


(in millions)	September 30, 2023		December 31, 2022
Assets
Trading assets	$	1,780	$	2,151
Loans	38,176		34,411
All other assets	593		550
Total assets	$	40,549	$	37,112
Liabilities
Beneficial interests issued by consolidated VIEs	$	24,896	$	12,610
All other liabilities	244		279
Total liabilities	$	25,140	$	12,889

Derivative Instruments

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

Derivative instruments

JPMorgan Chase makes markets in derivatives for clients and also uses derivatives to hedge or manage its own risk exposures. Refer to Note 5 of JPMorgan Chase’s 2022 Form 10-K for a further discussion of the Firm’s use of and accounting policies regarding derivative instruments.

The Firm’s disclosures are based on the accounting treatment and purpose of these derivatives. A limited number of the Firm’s derivatives are designated in hedge

accounting relationships and are disclosed according to the type of hedge (fair value hedge, cash flow hedge, or net investment hedge). Derivatives not designated in hedge accounting relationships include certain derivatives that are used to manage risks associated with specified assets and liabilities (“specified risk management” positions) as well as derivatives used in the Firm’s market-making businesses or for other purposes.

The following table outlines the Firm’s primary uses of derivatives and the related hedge accounting designation or disclosure category.

Type of Derivative

Use of Derivative

Designation and disclosure

Affected
segment or unit

10-Q page reference

Manage specifically identified risk exposures in qualifying hedge accounting relationships:

•Interest rate

Hedge fixed rate assets and liabilities

Fair value hedge

Corporate

130-131

•Interest rate

Hedge floating-rate assets and liabilities

Cash flow hedge

Corporate

132

•Foreign exchange

Hedge foreign currency-denominated assets and liabilities

Fair value hedge

Corporate

130-131

•Foreign exchange

Hedge foreign currency-denominated forecasted revenue and expense

Cash flow hedge

Corporate

132

•Foreign exchange

Hedge the value of the Firm’s investments in non-U.S. dollar functional currency entities

Net investment hedge

Corporate

133

•Commodity

Hedge commodity inventory

Fair value hedge

CIB, AWM

130-131

Manage specifically identified risk exposures not designated in qualifying hedge accounting relationships:

•Interest rate

Manage the risk associated with mortgage commitments, warehouse loans and MSRs

Specified risk management

CCB

134

•Credit

Manage the credit risk associated with wholesale lending exposures

Specified risk management

CIB

134

•Interest rate and foreign exchange

Manage the risk associated with certain other specified assets and liabilities

Specified risk management

Corporate

134

Market-making derivatives and other activities:

•Various

Market-making and related risk management

Market-making and other

CIB

134

•Various

Other derivatives

Market-making and other

CIB, AWM, Corporate

134

Notional amount of derivative contracts

The following table summarizes the notional amount of free-standing derivative contracts outstanding as of September 30, 2023 and December 31, 2022.


	Notional amounts(b)
(in billions)	September 30, 2023		December 31, 2022
Interest rate contracts
Swaps	$	26,430	$	24,491
Futures and forwards	2,934		2,636
Written options	3,324		3,047
Purchased options	3,349		2,992
Total interest rate contracts	36,037		33,166
Credit derivatives(a)	1,275		1,132
Foreign exchange contracts
Cross-currency swaps	4,417		4,196
Spot, futures and forwards	8,669		7,017
Written options	851		775
Purchased options	819		759
Total foreign exchange contracts	14,756		12,747
Equity contracts
Swaps	667		618
Futures and forwards	90		110
Written options	796		636
Purchased options	734		580
Total equity contracts	2,287		1,944
Commodity contracts
Swaps	133		136
Spot, futures and forwards	152		136
Written options	129		117
Purchased options	106		98
Total commodity contracts	520		487
Total derivative notional amounts	$	54,875	$	49,476

(a)Refer to the Credit derivatives discussion on page 135 for more information on volumes and types of credit derivative contracts.

(b)Represents the sum of gross long and gross short third-party notional derivative contracts.

While the notional amounts disclosed above give an indication of the volume of the Firm’s derivatives activity, the notional amounts significantly exceed, in the Firm’s view, the possible losses that could arise from such transactions. For most derivative contracts, the notional amount is not exchanged; it is simply a reference amount used to calculate payments.

Impact of derivatives on the Consolidated balance sheets

The following table summarizes information on derivative receivables and payables (before and after netting adjustments) that are reflected on the Firm’s Consolidated balance sheets as of September 30, 2023 and December 31, 2022, by accounting designation (e.g., whether the derivatives were designated in qualifying hedge accounting relationships or not) and contract type.


Free-standing derivative receivables and payables(a)
	Gross derivative receivables								Gross derivative payables
September 30, 2023 (in millions)	Not designated as hedges		Designated as hedges		Total derivative receivables		Net derivative receivables(b)		Not designated as hedges		Designated as hedges		Total derivative payables		Net derivative payables(b)
Trading assets and liabilities
Interest rate	$	290,941	$	—	$	290,941	$	31,097	$	277,798	$	7	$	277,805	$	15,974
Credit	11,616		—		11,616		1,318		11,375		—		11,375		882
Foreign exchange	235,863		1,453		237,316		22,608		233,104		1,320		234,424		12,905
Equity	58,178		—		58,178		5,720		62,329		—		62,329		6,905
Commodity	17,214		254		17,468		6,327		17,445		112		17,557		5,297
Total fair value of trading assets and liabilities	$	613,812	$	1,707	$	615,519	$	67,070	$	602,051	$	1,439	$	603,490	$	41,963

	Gross derivative receivables								Gross derivative payables
December 31, 2022 (in millions)	Not designated as hedges		Designated as hedges		Total derivative receivables		Net derivative receivables(b)		Not designated as hedges		Designated as hedges		Total derivative payables		Net derivative payables(b)
Trading assets and liabilities
Interest rate	$	300,411	$	4	$	300,415	$	28,419	$	290,291	$	—	$	290,291	$	15,970
Credit	10,329		—		10,329		1,090		9,971		—		9,971		754
Foreign exchange	239,946		1,633		241,579		23,365		248,911		2,610		251,521		18,856
Equity	61,913		—		61,913		9,139		62,461		—		62,461		8,804
Commodity	23,652		1,705		25,357		8,867		20,758		2,511		23,269		6,757
Total fair value of trading assets and liabilities	$	636,251	$	3,342	$	639,593	$	70,880	$	632,392	$	5,121	$	637,513	$	51,141

(a)Balances exclude structured notes for which the fair value option has been elected. Refer to Note 3 for further information.

(b)As permitted under U.S. GAAP, the Firm has elected to net derivative receivables and derivative payables and the related cash collateral receivables and payables when a legally enforceable master netting agreement exists.

Derivatives netting

The following tables present, as of September 30, 2023 and December 31, 2022, gross and net derivative receivables and payables by contract and settlement type. Derivative receivables and payables, as well as the related cash collateral from the same counterparty, have been netted on the Consolidated balance sheets where the Firm has obtained an appropriate legal opinion with respect to the master netting agreement. Where such a legal opinion has not been either sought or obtained, amounts are not eligible for netting on the Consolidated balance sheets, and those derivative receivables and payables are shown separately in the tables below.

In addition to the cash collateral received and transferred that is presented on a net basis with derivative receivables and payables, the Firm receives and transfers additional collateral (financial instruments and cash). These amounts mitigate counterparty credit risk associated with the Firm’s derivative instruments, but are not eligible for net presentation:

•collateral that consists of liquid securities and other cash collateral held at third-party custodians, which are shown separately as “Collateral not nettable on the Consolidated balance sheets” in the tables below, up to the fair value exposure amount. For the purpose of this disclosure, the definition of liquid securities is consistent with the definition of high quality liquid assets as defined in the LCR rule;

•the amount of collateral held or transferred that exceeds the fair value exposure at the individual counterparty level, as of the date presented, which is excluded from the tables below; and

•collateral held or transferred that relates to derivative receivables or payables where an appropriate legal opinion has not been either sought or obtained with respect to the master netting agreement, which is excluded from the tables below.


	September 30, 2023							December 31, 2022
(in millions)	Gross derivative receivables		Amounts netted on the Consolidated balance sheets		Net derivative receivables			Gross derivative receivables		Amounts netted on the Consolidated balance sheets		Net derivative receivables
U.S. GAAP nettable derivative receivables
Interest rate contracts:
Over-the-counter (“OTC”)	$	201,719	$	(172,743)	$	28,976		$	203,922	$	(178,261)	$	25,661
OTC–cleared	86,803		(86,563)		240			93,800		(93,424)		376
Exchange-traded(a)	543		(538)		5			559		(311)		248
Total interest rate contracts	289,065		(259,844)		29,221			298,281		(271,996)		26,285
Credit contracts:
OTC	8,807		(7,725)		1,082			8,474		(7,535)		939
OTC–cleared	2,618		(2,573)		45			1,746		(1,704)		42
Total credit contracts	11,425		(10,298)		1,127			10,220		(9,239)		981
Foreign exchange contracts:
OTC	234,022		(214,033)		19,989			237,941		(216,796)		21,145
OTC–cleared	699		(664)		35			1,461		(1,417)		44
Exchange-traded(a)	13		(11)		2			15		(1)		14
Total foreign exchange contracts	234,734		(214,708)		20,026			239,417		(218,214)		21,203
Equity contracts:
OTC	24,226		(21,392)		2,834			30,323		(25,665)		4,658
Exchange-traded(a)	32,140		(31,066)		1,074			28,467		(27,109)		1,358
Total equity contracts	56,366		(52,458)		3,908			58,790		(52,774)		6,016
Commodity contracts:
OTC	9,611		(5,130)		4,481			14,430		(7,633)		6,797
OTC–cleared	126		(118)		8			120		(112)		8
Exchange-traded(a)	5,899		(5,893)		6			9,103		(8,745)		358
Total commodity contracts	15,636		(11,141)		4,495			23,653		(16,490)		7,163
Derivative receivables with appropriate legal opinion	607,226		(548,449)		58,777		(d)	630,361		(568,713)		61,648		(d)
Derivative receivables where an appropriate legal opinion has not been either sought or obtained	8,293				8,293			9,232				9,232
Total derivative receivables recognized on the Consolidated balance sheets	$	615,519			$	67,070		$	639,593			$	70,880
Collateral not nettable on the Consolidated balance sheets(b)(c)					(27,832)							(23,014)
Net amounts					$	39,238						$	47,866


	September 30, 2023							December 31, 2022
(in millions)	Gross derivative payables		Amounts netted on the Consolidated balance sheets		Net derivative payables			Gross derivative payables		Amounts netted on the Consolidated balance sheets		Net derivative payables
U.S. GAAP nettable derivative payables
Interest rate contracts:
OTC	$	185,270	$	(171,572)	$	13,698		$	190,108	$	(176,890)	$	13,218
OTC–cleared	89,861		(89,739)		122			97,417		(97,126)		291
Exchange-traded(a)	520		(520)		—			327		(305)		22
Total interest rate contracts	275,651		(261,831)		13,820			287,852		(274,321)		13,531
Credit contracts:
OTC	8,947		(8,140)		807			8,054		(7,572)		482
OTC–cleared	2,353		(2,353)		—			1,674		(1,645)		29
Total credit contracts	11,300		(10,493)		807			9,728		(9,217)		511
Foreign exchange contracts:
OTC	231,710		(220,852)		10,858			246,457		(231,248)		15,209
OTC–cleared	749		(665)		84			1,488		(1,417)		71
Exchange-traded(a)	5		(2)		3			20		—		20
Total foreign exchange contracts	232,464		(221,519)		10,945			247,965		(232,665)		15,300
Equity contracts:
OTC	26,659		(24,354)		2,305			29,833		(26,554)		3,279
Exchange-traded(a)	32,967		(31,070)		1,897			28,291		(27,103)		1,188
Total equity contracts	59,626		(55,424)		4,202			58,124		(53,657)		4,467
Commodity contracts:
OTC	8,850		(6,235)		2,615			11,954		(7,642)		4,312
OTC–cleared	109		(109)		—			112		(112)		—
Exchange-traded(a)	6,147		(5,916)		231			9,021		(8,758)		263
Total commodity contracts	15,106		(12,260)		2,846			21,087		(16,512)		4,575
Derivative payables with appropriate legal opinion	594,147		(561,527)		32,620		(d)	624,756		(586,372)		38,384		(d)
Derivative payables where an appropriate legal opinion has not been either sought or obtained	9,343				9,343			12,757				12,757
Total derivative payables recognized on the Consolidated balance sheets	$	603,490			$	41,963		$	637,513			$	51,141
Collateral not nettable on the Consolidated balance sheets(b)(c)					(4,382)							(3,318)
Net amounts					$	37,581						$	47,823

(a)Exchange-traded derivative balances that relate to futures contracts are settled daily.

(b)Includes liquid securities and other cash collateral held at third-party custodians related to derivative instruments where an appropriate legal opinion has been obtained. For some counterparties, the collateral amounts of financial instruments may exceed the derivative receivables and derivative payables balances. Where this is the case, the total amount reported is limited to the net derivative receivables and net derivative payables balances with that counterparty.

(c)Derivative collateral relates only to OTC and OTC-cleared derivative instruments.

(d)Net derivatives receivable included cash collateral netted of $57.8 billion and $51.5 billion at September 30, 2023 and December 31, 2022, respectively. Net derivatives payable included cash collateral netted of $70.9 billion and $69.2 billion at September 30, 2023 and December 31, 2022, respectively. Derivative cash collateral relates to OTC and OTC-cleared derivative instruments.

Liquidity risk and credit-related contingent features

Refer to Note 5 of JPMorgan Chase’s 2022 Form 10-K for a more detailed discussion of liquidity risk and credit-related contingent features related to the Firm’s derivative contracts.

The following table shows the aggregate fair value of net derivative payables related to OTC and OTC-cleared derivatives that contain contingent collateral or termination features that may be triggered upon a ratings downgrade, and the associated collateral the Firm has posted in the normal course of business, at September 30, 2023 and December 31, 2022.


OTC and OTC-cleared derivative payables containing downgrade triggers
(in millions)	September 30, 2023			December 31, 2022
Aggregate fair value of net derivative payables		$	14,023		$	16,023
Collateral posted		13,990			15,505

The following table shows the impact of a single-notch and two-notch downgrade of the long-term issuer ratings of JPMorgan Chase & Co. and its subsidiaries, predominantly JPMorgan Chase Bank, N.A., at September 30, 2023 and December 31, 2022, related to OTC and OTC-cleared derivative contracts with contingent collateral or termination features that may be triggered upon a ratings downgrade. Derivatives contracts generally require additional collateral to be posted or terminations to be triggered when the predefined rating threshold is breached. A downgrade by a single rating agency that does not result in a rating lower than a preexisting corresponding rating provided by another major rating agency will generally not result in additional collateral (except in certain instances in which additional initial margin may be required upon a ratings downgrade), nor in termination payment requirements. The liquidity impact in the table is calculated based upon a downgrade below the lowest current rating of the rating agencies referred to in the derivative contract.


Liquidity impact of downgrade triggers on OTC and OTC-cleared derivatives
	September 30, 2023				December 31, 2022
(in millions)	Single-notch downgrade		Two-notch downgrade		Single-notch downgrade		Two-notch downgrade
Amount of additional collateral to be posted upon downgrade(a)	$	111	$	1,335	$	128	$	1,293
Amount required to settle contracts with termination triggers upon downgrade(b)	98		725		88		925

(a)Includes the additional collateral to be posted for initial margin.

(b)Amounts represent fair values of derivative payables, and do not reflect collateral posted.

Derivatives executed in contemplation of a sale of the underlying financial asset

In certain instances the Firm enters into transactions in which it transfers financial assets but maintains the economic exposure to the transferred assets by entering into a derivative with the same counterparty in contemplation of the initial transfer. The Firm generally accounts for such transfers as collateralized financing transactions as described in Note 11, but in limited circumstances they may qualify to be accounted for as a sale and a derivative under U.S. GAAP. The amount of such transfers accounted for as a sale where the associated derivative was outstanding was not material at both September 30, 2023 and December 31, 2022.

Impact of derivatives on the Consolidated statements of income

The following tables provide information related to gains and losses recorded on derivatives based on their hedge accounting designation or purpose.

Fair value hedge gains and losses

The following tables present derivative instruments, by contract type, used in fair value hedge accounting relationships, as well as pre-tax gains/(losses) recorded on such derivatives and the related hedged items for the three and nine months ended September 30, 2023 and 2022, respectively. The Firm includes gains/(losses) on the hedging derivative in the same line item in the Consolidated statements of income as the related hedged item.


	Gains/(losses) recorded in income						Income statement impact of excluded components(e)				OCI impact
Three months ended September 30, 2023 (in millions)	Derivatives		Hedged items		Income statement impact		Amortization approach		Changes in fair value		Derivatives - Gains/(losses) recorded in OCI(f)
Contract type
Interest rate(a)(b)	$	620	$	(577)	$	43	$	—	$	61	$	—
Foreign exchange(c)	(18)		71		53		(145)		53		(7)
Commodity(d)	938		(799)		139		—		145		—
Total	$	1,540	$	(1,305)	$	235	$	(145)	$	259	$	(7)


	Gains/(losses) recorded in income						Income statement impact of excluded components(e)				OCI impact
Three months ended September 30, 2022 (in millions)	Derivatives		Hedged items		Income statement impact		Amortization approach		Changes in fair value		Derivatives - Gains/(losses) recorded in OCI(f)
Contract type
Interest rate(a)(b)	$	(2,947)	$	2,819	$	(128)	$	—	$	(93)	$	—
Foreign exchange(c)	(1,044)		1,082		38		(170)		39		50
Commodity(d)	5,000		(4,992)		8		—		26		—
Total	$	1,009	$	(1,091)	$	(82)	$	(170)	$	(28)	$	50


	Gains/(losses) recorded in income						Income statement impact of excluded components(e)				OCI impact
Nine months ended September 30, 2023 (in millions)	Derivatives		Hedged items		Income statement impact		Amortization approach		Changes in fair value		Derivatives - Gains/(losses) recorded in OCI(f)
Contract type
Interest rate(a)(b)	$	1,641	$	(1,516)	$	125	$	—	$	75	$	—
Foreign exchange(c)	394		(211)		183		(474)		183		(20)
Commodity(d)	(180)		536		356		—		362		—
Total	$	1,855	$	(1,191)	$	664	$	(474)	$	620	$	(20)


	Gains/(losses) recorded in income						Income statement impact of excluded components(e)				OCI impact
Nine months ended September 30, 2022 (in millions)	Derivatives		Hedged items		Income statement impact		Amortization approach		Changes in fair value		Derivatives - Gains/(losses) recorded in OCI(f)
Contract type
Interest rate(a)(b)	$	(14,484)	$	14,167	$	(317)	$	—	$	(238)	$	—
Foreign exchange(c)	(2,552)		2,600		48		(350)		49		262
Commodity(d)	3,288		(3,381)		(93)		—		(84)		—
Total	$	(13,748)	$	13,386	$	(362)	$	(350)	$	(273)	$	262

(a)Primarily consists of hedges of the benchmark (e.g., Secured Overnight Financing Rate (“SOFR”)) interest rate risk of fixed-rate long-term debt and AFS securities. Gains and losses were recorded in net interest income.

(b)Includes the amortization of income/expense associated with the inception hedge accounting adjustment applied to the hedged item. Excludes the accrual of interest on interest rate swaps and the related hedged items.

(c)Primarily consists of hedges of the foreign currency risk of long-term debt and AFS securities for changes in spot foreign currency rates. Gains and losses related to the derivatives and the hedged items due to changes in foreign currency rates and the income statement impact of excluded components were recorded primarily in principal transactions revenue and net interest income.

(d)Consists of overall fair value hedges of physical commodities inventories that are generally carried at the lower of cost or net realizable value (net realizable value approximates fair value). Gains and losses were recorded in principal transactions revenue.

(e)The assessment of hedge effectiveness excludes certain components of the changes in fair values of the derivatives and hedged items such as forward points on foreign exchange forward contracts, time values and cross-currency basis spreads. Excluded components may impact earnings either through amortization of the initial amount over the life of the derivative, or through fair value changes recognized in the current period.

(f)Represents the change in value of amounts excluded from the assessment of effectiveness under the amortization approach, predominantly cross-currency basis spreads. The amount excluded at inception of the hedge is recognized in earnings over the life of the derivative.

As of September 30, 2023 and December 31, 2022, the following amounts were recorded on the Consolidated balance sheets related to certain cumulative fair value hedge basis adjustments that are expected to reverse through the income statement in future periods as an adjustment to yield.


	Carrying amount of the hedged items(a)(b)			Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged items:
September 30, 2023 (in millions)				Active hedging relationships(d)		Discontinued hedging relationships(d)(e)		Total
Assets
Investment securities - AFS	$	129,501	(c)	$	(5,006)	$	(3,636)	$	(8,642)
Liabilities
Long-term debt	180,160			(7,717)		(9,191)		(16,908)

	Carrying amount of the hedged items(b)(c)			Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged items:
December 31, 2022 (in millions)				Active hedging relationships(d)		Discontinued hedging relationships(d)(e)		Total
Assets
Investment securities - AFS	$	84,073	(c)	$	(4,149)	$	(1,542)	$	(5,691)
Liabilities
Long-term debt	175,257			(11,879)		(3,313)		(15,192)

(a)Excludes physical commodities with a carrying value of $11.9 billion and $26.0 billion at September 30, 2023 and December 31, 2022, respectively, to which the Firm applies fair value hedge accounting. As a result of the application of hedge accounting, these inventories are carried at fair value, thus recognizing unrealized gains and losses in current periods. Since the Firm exits these positions at fair value, there is no incremental impact to net income in future periods.

(b)Excludes hedged items where only foreign currency risk is the designated hedged risk, as basis adjustments related to foreign currency hedges will not reverse through the income statement in future periods. At September 30, 2023 and December 31, 2022, the carrying amount excluded for AFS securities is $24.9 billion and $20.3 billion, respectively, and for long-term debt is $209 million and $221 million, respectively.

(c)Carrying amount represents the amortized cost, net of allowance if applicable. Effective January 1, 2023, the Firm adopted the new portfolio layer method hedge accounting guidance which expanded the ability to hedge a portfolio of prepayable assets to allow more of the portfolio to be hedged. At September 30, 2023, the amortized cost of the portfolio layer method closed portfolios was $64.9 billion, of which $63.5 billion was designated as hedged. The cumulative amount of basis adjustments was $(3.1) billion, reflecting $(2.9) billion and $(207) million for active and discontinued hedging relationships, respectively. Refer to Note 1 and Note 10 for additional information.

(d)Positive (negative) amounts related to assets represent cumulative fair value hedge basis adjustments that will reduce (increase) net interest income in future periods. Positive (negative) amounts related to liabilities represent cumulative fair value hedge basis adjustments that will increase (reduce) net interest income in future periods.

(e)Represents basis adjustments existing on the balance sheet date associated with hedged items that have been de-designated from qualifying fair value hedging relationships.

Cash flow hedge gains and losses

The following tables present derivative instruments, by contract type, used in cash flow hedge accounting relationships, and the pre-tax gains/(losses) recorded on such derivatives, for the three and nine months ended September 30, 2023 and 2022, respectively. The Firm includes the gains/(losses) on the hedging derivative in the same line item in the Consolidated statements of income as the change in cash flows on the related hedged item.


	Derivatives gains/(losses) recorded in income and other comprehensive income/(loss)
Three months ended September 30, 2023 (in millions)	Amounts reclassified from AOCI to income		Amounts recorded in OCI		Total change in OCI for period
Contract type
Interest rate(a)	$	(514)	$	(1,087)	$	(573)
Foreign exchange(b)	71		(122)		(193)
Total	$	(443)	$	(1,209)	$	(766)

	Derivatives gains/(losses) recorded in income and other comprehensive income/(loss)
Three months ended September 30, 2022 (in millions)	Amounts reclassified from AOCI to income		Amounts recorded in OCI		Total change in OCI for period
Contract type
Interest rate(a)	$	(160)	$	(2,279)	$	(2,119)
Foreign exchange(b)	(118)		(232)		(114)
Total	$	(278)	$	(2,511)	$	(2,233)

	Derivatives gains/(losses) recorded in income and other comprehensive income/(loss)
Nine months ended September 30, 2023 (in millions)	Amounts reclassified from AOCI to income		Amounts recorded in OCI		Total change in OCI for period
Contract type
Interest rate(a)	$	(1,416)	$	(1,825)	$	(409)
Foreign exchange(b)	25		64		39
Total	$	(1,391)	$	(1,761)	$	(370)

	Derivatives gains/(losses) recorded in income and other comprehensive income/(loss)
Nine months ended September 30, 2022 (in millions)	Amounts reclassified from AOCI to income		Amounts recorded in OCI		Total change in OCI for period
Contract type
Interest rate(a)	$	169	$	(7,149)	$	(7,318)
Foreign exchange(b)	(186)		(548)		(362)
Total	$	(17)	$	(7,697)	$	(7,680)

(a)Primarily consists of hedges of SOFR-indexed floating-rate assets. Gains and losses were recorded in net interest income.

(b)Primarily consists of hedges of the foreign currency risk of non-U.S. dollar-denominated revenue and expense. The income statement classification of gains and losses follows the hedged item – primarily noninterest revenue and compensation expense.

The Firm did not experience any forecasted transactions that failed to occur for the three and nine months ended September 30, 2023 and 2022.

Over the next 12 months, the Firm expects that approximately $(1.7) billion (after-tax) of net losses recorded in AOCI at September 30, 2023, related to cash flow hedges will be recognized in income. For cash flow hedges that have been terminated, the maximum length of time over which the derivative results recorded in AOCI will be recognized in earnings is approximately seven years, corresponding to the timing of the originally hedged forecasted cash flows. For open cash flow hedges, the maximum length of time over which forecasted transactions are hedged is approximately seven years. The Firm’s longer-dated forecasted transactions relate to core lending and borrowing activities.

Net investment hedge gains and losses

The following table presents hedging instruments, by contract type, that were used in net investment hedge accounting relationships, and the pre-tax gains/(losses) recorded on such instruments for the three and nine months ended September 30, 2023 and 2022.


	Gains/(losses) recorded in income and other comprehensive income/(loss)
	2023					2022
Three months ended September 30, (in millions)	Amounts recorded in income(a)(b)			Amounts recorded in OCI		Amounts recorded in income(a)(b)			Amounts recorded in OCI
Foreign exchange derivatives		$	26	$	1,650		$	26	$	2,992

	Gains/(losses) recorded in income and other comprehensive income/(loss)
	2023					2022
Nine months ended September 30, (in millions)	Amounts recorded in income(a)(b)			Amounts recorded in OCI		Amounts recorded in income(a)(b)			Amounts recorded in OCI
Foreign exchange derivatives		$	231	$	558		$	(221)	$	6,850

(a)Certain components of hedging derivatives are permitted to be excluded from the assessment of hedge effectiveness, such as forward points on foreign exchange forward contracts. The Firm elects to record changes in fair value of these amounts directly in other income.

(b)Excludes amounts reclassified from AOCI to income on the sale or liquidation of hedged entities. During the nine months ended September 30, 2023, the Firm reclassified a net pre-tax loss of $(38) million to other revenue predominantly related to the acquisition of CIFM. The amounts reclassified for the three months ended September 30, 2023 and nine months ended September 30, 2022 were not material. Refer to Note 21 for further information.

Gains and losses on derivatives used for specified risk management purposes

The following table presents pre-tax gains/(losses) recorded on a limited number of derivatives, not designated in hedge accounting relationships, that are used to manage risks associated with certain specified assets and liabilities, including certain risks arising from mortgage commitments, warehouse loans, MSRs, wholesale lending exposures, and foreign currency-denominated assets and liabilities.


	Derivatives gains/(losses) recorded in income
	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Contract type
Interest rate(a)	$	(259)	$	(215)	$	(385)	$	(753)
Credit(b)	(39)		(17)		(202)		105
Foreign exchange(c)	(22)		(3)		21		(79)
Total	$	(320)	$	(235)	$	(566)	$	(727)

(a)Primarily represents interest rate derivatives used to hedge the interest rate risk inherent in mortgage commitments, warehouse loans and MSRs, as well as written commitments to originate warehouse loans. Gains and losses were recorded predominantly in mortgage fees and related income.

(b)Relates to credit derivatives used to mitigate credit risk associated with lending exposures in the Firm’s wholesale businesses. These derivatives do not include credit derivatives used to mitigate counterparty credit risk arising from derivative receivables, which is included in gains and losses on derivatives related to market-making activities and other derivatives. Gains and losses were recorded in principal transactions revenue.

(c)Primarily relates to derivatives used to mitigate foreign exchange risk of specified foreign currency-denominated assets and liabilities. Gains and losses were recorded in principal transactions revenue.

Gains and losses on derivatives related to market-making activities and other derivativesThe Firm makes markets in derivatives in order to meet the needs of customers and uses derivatives to manage certain risks associated with net open risk positions from its market-making activities, including the counterparty credit risk arising from derivative receivables. All derivatives not included in the hedge accounting or specified risk management categories above are included in this category. Gains and losses on these derivatives are primarily recorded in principal transactions revenue. Refer to Note 6 for information on principal transactions revenue.

Credit derivatives

Refer to Note 5 of JPMorgan Chase’s 2022 Form 10-K for a more detailed discussion of credit derivatives. The following tables present a summary of the notional amounts of credit derivatives and credit-related notes the Firm sold and purchased as of September 30, 2023 and December 31, 2022. The Firm does not use notional amounts of credit derivatives as the primary measure of risk management for such derivatives, because the notional amount does not take into account the probability of the occurrence of a credit event, the recovery value of the reference obligation, or related cash instruments and economic hedges, each of which reduces, in the Firm’s view, the risks associated with such derivatives.

Total credit derivatives and credit-related notes


	Maximum payout/Notional amount
September 30, 2023 (in millions)	Protection sold		Protection purchased with identical underlyings(c)			Net protection (sold)/purchased(d)		Other protection purchased(e)
Credit derivatives
Credit default swaps	$	(561,857)		$	581,432	$	19,575	$	4,536
Other credit derivatives(a)	(46,909)			54,830		7,921		25,537
Total credit derivatives	(608,766)			636,262		27,496		30,073
Credit-related notes(b)	—			—		—		7,520
Total	$	(608,766)		$	636,262	$	27,496	$	37,593

	Maximum payout/Notional amount
December 31, 2022 (in millions)	Protection sold		Protection purchased with identical underlyings(c)			Net protection (sold)/purchased(d)		Other protection purchased(e)
Credit derivatives
Credit default swaps	$	(495,557)		$	509,846	$	14,289	$	2,917
Other credit derivatives(a)	(47,165)			65,029		17,864		11,746
Total credit derivatives	(542,722)			574,875		32,153		14,663
Credit-related notes(b)	—			—		—		7,863
Total	$	(542,722)		$	574,875	$	32,153	$	22,526

(a)Other credit derivatives predominantly consist of credit swap options and total return swaps.

(b)Represents Other protection purchased by CIB, primarily in its market-making businesses.

(c)Represents the total notional amount of protection purchased where the underlying reference instrument is identical to the reference instrument on protection sold; the notional amount of protection purchased for each individual identical underlying reference instrument may be greater or lower than the notional amount of protection sold.

(d)Does not take into account the fair value of the reference obligation at the time of settlement, which would generally reduce the amount the seller of protection pays to the buyer of protection in determining settlement value.

(e)Represents protection purchased by the Firm on referenced instruments (single-name, portfolio or index) where the Firm has not sold any protection on the identical reference instrument.

The following tables summarize the notional amounts by the ratings, maturity profile, and total fair value, of credit derivatives as of September 30, 2023 and December 31, 2022, where JPMorgan Chase is the seller of protection. The maturity profile is based on the remaining contractual maturity of the credit derivative contracts. The ratings profile is based on the rating of the reference entity on which the credit derivative contract is based. The ratings and maturity profile of credit derivatives where JPMorgan Chase is the purchaser of protection are comparable to the profile reflected below.


Protection sold — credit derivatives ratings(a)/maturity profile
September 30, 2023 (in millions)	<1 year		1–5 years		>5 years		Total notional amount		Fair value of receivables(b)		Fair value of payables(b)		Net fair value
Risk rating of reference entity
Investment-grade	$	(88,064)	$	(299,190)	$	(78,835)	$	(466,089)	$	3,584	$	(1,774)	$	1,810
Noninvestment-grade	(34,254)		(86,100)		(22,323)		(142,677)		2,072		(1,799)		273
Total	$	(122,318)	$	(385,290)	$	(101,158)	$	(608,766)	$	5,656	$	(3,573)	$	2,083


December 31, 2022 (in millions)	<1 year		1–5 years		>5 years		Total notional amount		Fair value of receivables(b)		Fair value of payables(b)		Net fair value
Risk rating of reference entity
Investment-grade	$	(90,484)	$	(294,791)	$	(30,822)	$	(416,097)	$	2,324	$	(1,495)	$	829
Noninvestment-grade	(33,244)		(87,011)		(6,370)		(126,625)		1,267		(3,209)		(1,942)
Total	$	(123,728)	$	(381,802)	$	(37,192)	$	(542,722)	$	3,591	$	(4,704)	$	(1,113)

(a)The ratings scale is primarily based on external credit ratings defined by S&P and Moody’s.

(b)Amounts are shown on a gross basis, before the benefit of legally enforceable master netting agreements including cash collateral netting.

Noninterest Revenue and Noninterest Expense - Lending and Deposit-Related Fees (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Noninterest Income (Expense) [Abstract]
Lending-related fees	$ 777	$ 379	$ 1,736	$ 1,103
Deposit-related fees	1,262	1,352	3,751	4,340
Total lending- and deposit-related fees	$ 2,039	$ 1,731	$ 5,487	$ 5,443

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 13,151	$ 9,737	$ 40,245	$ 26,668
Other comprehensive income/(loss), after–tax
Unrealized gains/(losses) on investment securities	(1,950)	(2,145)	1,019	(13,629)
Translation adjustments, net of hedges	(340)	(581)	(73)	(1,322)
Fair value hedges	(5)	38	(15)	199
Cash flow hedges	(583)	(1,698)	(282)	(5,837)
Defined benefit pension and OPEB plans	(21)	(1,004)	(82)	(917)
DVA on fair value option elected liabilities	85	625	(330)	2,456
Total other comprehensive income/(loss), after–tax	(2,814)	(4,765)	237	(19,050)
Comprehensive income	$ 10,337	$ 4,972	$ 40,482	$ 7,618

Restricted Cash and Other Restricted Assets

9 Months Ended

Sep. 30, 2023

Cash and Cash Equivalents [Abstract]

Restricted Cash and Other Restricted Assets

Restricted cash and other restricted

assets

Refer to Note 26 of JPMorgan Chase’s 2022 Form 10-K for a detailed discussion of the Firm’s restricted cash and other restricted assets.

Certain of the Firm’s cash and other assets are restricted as to withdrawal or usage. These restrictions are imposed by various regulatory authorities based on the particular activities of the Firm’s subsidiaries.

The Firm is also subject to rules and regulations established by other U.S. and non-U.S. regulators. As part of its compliance with the respective regulatory requirements, the Firm’s broker-dealer activities are subject to certain restrictions on cash and other assets.

The following table presents the components of the Firm’s restricted cash:


(in billions)	September 30, 2023		December 31, 2022
Segregated for the benefit of securities and cleared derivative customers	$	14.6	$	18.7
Cash reserves at non-U.S. central banks and held for other general purposes	8.6		8.1
Total restricted cash(a)	$	23.2	$	26.8

(a)Comprises $21.8 billion and $25.4 billion in deposits with banks, and $1.4 billion and $1.4 billion in cash and due from banks on the Consolidated balance sheet as of September 30, 2023 and December 31, 2022, respectively.

Also, as of September 30, 2023 and December 31, 2022, the Firm had the following other restricted assets:

•Cash and securities pledged with clearing organizations for the benefit of customers of $35.5 billion and $42.4 billion, respectively.

•Securities with a fair value of $29.9 billion and $31.7 billion, respectively, were also restricted in relation to customer activity.

Pledged Assets and Collateral

9 Months Ended

Sep. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

Pledged Assets and Collateral

Pledged assets and collateral

Refer to Note 29 of JPMorgan Chase’s 2022 Form 10-K for a discussion of the Firm’s pledged assets and collateral.

Pledged assets

The Firm pledges financial assets that it owns to maintain potential borrowing capacity at discount windows with Federal Reserve banks, various other central banks and FHLBs. Additionally, the Firm pledges assets for other purposes, including to collateralize repurchase and other securities financing agreements, to cover short sales and to collateralize derivative contracts and deposits. Certain of these pledged assets may be sold or repledged or otherwise used by the secured parties and are parenthetically identified on the Consolidated balance sheets as assets pledged.

The following table presents the Firm’s pledged assets.


(in billions)	September 30, 2023		December 31, 2022
Assets that may be sold or repledged or otherwise used by secured parties	$	151.0	$	110.8
Assets that may not be sold or repledged or otherwise used by secured parties(a)	244.2		114.8
Assets pledged at Federal Reserve banks and FHLBs	652.1		567.6
Total pledged assets	$	1,047.3	$	793.2

(a)As of September 30, 2023, included $89.0 billion of assets pledged to the FDIC associated with the First Republic acquisition. Refer to Note 28 for additional information.

Total pledged assets do not include assets of consolidated VIEs; these assets are used to settle the liabilities of those entities. Refer to Note 14 for additional information on assets and liabilities of consolidated VIEs. Refer to Note 11 for additional information on the Firm’s securities financing activities. Refer to Note 20 of JPMorgan Chase’s 2022 Form 10-K for additional information on the Firm’s long-term debt.

Collateral

The Firm accepts financial assets as collateral that it is permitted to sell or repledge, deliver or otherwise use. This collateral is generally obtained under resale and other securities financing agreements, prime brokerage-related held-for-investment customer receivables and derivative contracts. Collateral is generally used under repurchase and other securities financing agreements, to cover short sales and to collateralize derivative contracts and deposits.

The following table presents the fair value of collateral accepted.


(in billions)	September 30, 2023		December 31, 2022
Collateral permitted to be sold or repledged, delivered, or otherwise used	$	1,327.1	$	1,346.9
Collateral sold, repledged, delivered or otherwise used	1,010.4		1,019.4

Loans - Consumer, Excluding Credit Card Loan Portfolio, Residential Real Estate, Nonaccrual Loans and Other Credit Quality Indicators (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 1,265,941	$ 1,068,073	$ 1,265,941	$ 1,068,073	$ 1,089,598
Consumer, excluding credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	397,054	301,403	397,054	301,403	300,753
Consumer, excluding credit card \| First Republic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	91,200		91,200
Consumer, excluding credit card \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	3,604		3,604		3,745
Retained loans	$ 327,635		$ 327,635		$ 237,561
Weighted average LTV ratio	50.00%		50.00%		51.00%
Weighted average FICO	772		772		769
Approximate percentage of Chapter 7 loans 30 days or more past due			10.00%
Interest income on nonaccrual loans recognized on a cash basis	$ 44	$ 42	$ 133	$ 132
Consumer, excluding credit card \| Residential real estate \| First Republic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	91,200		91,200
Consumer, excluding credit card \| Residential real estate \| California
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	127,702		127,702		$ 73,112
Consumer, excluding credit card \| Residential real estate \| California \| First Republic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	55,200		55,200
Consumer, excluding credit card \| Residential real estate \| New York
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	49,126		49,126		34,471
Consumer, excluding credit card \| Residential real estate \| New York \| First Republic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	15,000		15,000
Consumer, excluding credit card \| Residential real estate \| Florida
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	22,671		22,671		18,870
Consumer, excluding credit card \| Residential real estate \| Florida \| First Republic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	3,600		3,600
Consumer, excluding credit card \| Residential real estate \| Texas
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	15,517		15,517		14,968
Consumer, excluding credit card \| Residential real estate \| Massachusetts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	14,292		14,292		6,380
Consumer, excluding credit card \| Residential real estate \| Massachusetts \| First Republic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	7,900		7,900
Consumer, excluding credit card \| Residential real estate \| Illinois
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	10,990		10,990		11,296
Consumer, excluding credit card \| Residential real estate \| Colorado
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	10,800		10,800		9,968
Consumer, excluding credit card \| Residential real estate \| Washington
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	9,874		9,874		9,060
Consumer, excluding credit card \| Residential real estate \| New Jersey
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	8,101		8,101		7,108
Consumer, excluding credit card \| Residential real estate \| Connecticut
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	7,155		7,155		5,432
Consumer, excluding credit card \| Residential real estate \| All other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	51,407		51,407		46,896
Consumer, excluding credit card \| Residential real estate \| No FICO/LTV available
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	923		923		1,406
Consumer, excluding credit card \| Residential real estate \| Greater than 125% and refreshed FICO scores \| Equal to or greater than 660
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	169		169		2
Consumer, excluding credit card \| Residential real estate \| Greater than 125% and refreshed FICO scores \| Less than 660
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	4		4		0
Consumer, excluding credit card \| Residential real estate \| 101% to 125% and refreshed FICO scores \| Equal to or greater than 660
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	330		330		174
Consumer, excluding credit card \| Residential real estate \| 101% to 125% and refreshed FICO scores \| Less than 660
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	8		8		6
Consumer, excluding credit card \| Residential real estate \| 80% to 100% and refreshed FICO scores \| Equal to or greater than 660
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	10,813		10,813		12,034
Consumer, excluding credit card \| Residential real estate \| 80% to 100% and refreshed FICO scores \| Equal to or greater than 660 \| First Republic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	2,600		2,600
Consumer, excluding credit card \| Residential real estate \| 80% to 100% and refreshed FICO scores \| Less than 660
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	197		197		184
Consumer, excluding credit card \| Residential real estate \| Lower than 80% and refreshed FICO scores \| Equal to or greater than 660
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	305,108		305,108		215,096
Consumer, excluding credit card \| Residential real estate \| Lower than 80% and refreshed FICO scores \| Equal to or greater than 660 \| First Republic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	86,300		86,300
Consumer, excluding credit card \| Residential real estate \| Lower than 80% and refreshed FICO scores \| Less than 660
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	10,083		10,083		$ 8,659
Consumer, excluding credit card \| Residential real estate \| Lower than 80% and refreshed FICO scores \| Less than 660 \| First Republic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 1,700		$ 1,700

Loans - Consumer, Excluding Credit Card Loan Portfolio, Residential Real Estate, Financial Effects of TDRs and Redefaults (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022	Sep. 30, 2023	Dec. 31, 2022
Financing Receivable, Modified [Line Items]
Carrying value	$ 1,068,073	$ 1,068,073	$ 1,265,941	$ 1,089,598
Consumer, excluding credit card
Financing Receivable, Modified [Line Items]
Carrying value	$ 301,403	$ 301,403	397,054	300,753
Consumer, excluding credit card \| Residential real estate
Financing Receivable, Modified [Line Items]
Carrying value			327,635	237,561
Consumer, excluding credit card \| Residential real estate \| In process of active or suspended foreclosure
Financing Receivable, Modified [Line Items]
Carrying value			$ 589	$ 565
Consumer, excluding credit card \| Residential real estate \| Maximum
Financing Receivable, Modified [Line Items]
Number of years before payment default under a modified loan		1 year
Consumer, excluding credit card \| Residential real estate \| Permanent modification
Financing Receivable, Modified [Line Items]
Weighted-average interest rate of loans with interest rate reductions – before TDR	5.39%	4.65%
Weighted-average interest rate of loans with interest rate reductions – after TDR	3.52%	3.34%
Weighted-average remaining contractual term (in years) of loans with term or payment extensions – before TDR	20 years	22 years
Weighted-average remaining contractual term (in years) of loans with term or payment extensions – after TDR	37 years	38 years
Charge-offs recognized upon permanent modification	$ 0	$ 1
Principal deferred	4	15
Principal forgiven	0	1
Balance of loans that redefaulted within one year of modification	$ 33	$ 103

Employee Share-based Incentives - Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Cost of prior grants of restricted stock units (“RSUs”), performance share units (“PSUs”) and stock appreciation rights (“SARs”) that are amortized over their applicable vesting periods	$ 363	$ 292	$ 1,169	$ 941
Accrual of estimated costs of share-based awards to be granted in future periods, predominantly those to full-career eligible employees	419	392	1,317	1,368
Total noncash compensation expense related to employee share-based incentive plans	$ 782	$ 684	$ 2,486	$ 2,309

Goodwill and Mortgage Servicing Rights - Mortgage Servicing Rights (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Mortgage Servicing Rights [Roll Forward]
Fair value at beginning of period	$ 8,229	$ 7,439	$ 7,973	$ 5,494
MSR activity:
Originations of MSRs	81	140	191	736
Purchase of MSRs	569	370	1,036	1,245
Disposition of MSRs	(101)	(79)	(191)	(750)
Net additions/(dispositions)	549	431	1,036	1,231
Changes due to collection/realization of expected cash flows	(265)	(234)	(760)	(702)
Changes in valuation due to inputs and assumptions:
Changes due to market interest rates and other	555	465	816	2,012
Changes in valuation due to other inputs and assumptions:
Projected cash flows (e.g., cost to service)	(26)	36	(24)	36
Discount rates	14	0	14	0
Prepayment model changes and other	53	3	54	69
Total changes in valuation due to other inputs and assumptions	41	39	44	105
Total changes in valuation due to inputs and assumptions	596	504	860	2,117
Fair value at end of period	9,109	8,140	9,109	8,140
Changes in unrealized gains/(losses) included in income related to MSRs	596	504	860	2,117
Contractual service fees, late fees and other ancillary fees included in income	409	391	1,185	1,156
Third-party mortgage loans serviced	639,000	587,000	639,000	587,000
Servicer advances, net of an allowance for uncollectible amounts	$ 557	$ 786	$ 557	$ 786

Fair Value Measurement - Changes in Level 3 Recurring Measurements (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Net derivative receivables:
Fair value, beginning balance	$ (2,278)	$ (294)	$ 673	$ (4,894)
Total realized/unrealized gains/(losses)	1,063	719	873	5,353
Purchases	284	383	1,113	1,491
Sales	(468)	(627)	(2,152)	(2,137)
Settlements	(160)	460	(969)	1,158
Transfers into level 3	17	719	(468)	193
Transfers (out of) level 3	73	(82)	(539)	114
Fair value, ending balance	(1,469)	1,278	(1,469)	1,278
Change in unrealized gains/(losses) related to financial instruments held	$ 959	726	$ 805	5,092
Level 3 Rollforward Supplemental Data
Level 3 assets as a percentage of total firm assets at fair value	2.00%		2.00%		2.00%
Level 3 liabilities as a percentage of total firm liabilities at fair value	7.00%		7.00%		8.00%
Deposits
Liabilities:
Fair value, beginning balance	$ 2,053	2,032	$ 2,162	2,317
Total realized/unrealized (gains)/losses	(34)	(152)	(37)	(454)
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	341	24	608	270
Settlements	(468)	(18)	(716)	(87)
Transfers into level 3	0	0	0	0
Transfers (out of) level 3	(40)	(60)	(165)	(220)
Fair value, ending balance	1,852	1,826	1,852	1,826
Change in unrealized (gains)/losses related to financials instruments held	(34)	(154)	(41)	(446)
Short-term borrowings
Liabilities:
Fair value, beginning balance	1,704	2,101	1,401	2,481
Total realized/unrealized (gains)/losses	22	(22)	162	(409)
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	1,371	863	3,613	3,249
Settlements	(1,150)	(1,354)	(3,209)	(3,737)
Transfers into level 3	0	0	2	15
Transfers (out of) level 3	(2)	(4)	(24)	(15)
Fair value, ending balance	1,945	1,584	1,945	1,584
Change in unrealized (gains)/losses related to financials instruments held	2	(51)	12	17
Total debt and equity instruments
Liabilities:
Fair value, beginning balance	63	56	84	30
Total realized/unrealized (gains)/losses	(5)	3	(18)	(13)
Purchases	(2)	(5)	(29)	(39)
Sales	2	14	8	48
Issuances	0	0	0	0
Settlements	(2)	0	(4)	0
Transfers into level 3	0	7	18	51
Transfers (out of) level 3	(15)	(4)	(18)	(6)
Fair value, ending balance	41	71	41	71
Change in unrealized (gains)/losses related to financials instruments held	0	7	3	14
Accounts payable and other liabilities
Liabilities:
Fair value, beginning balance	68	73	53	69
Total realized/unrealized (gains)/losses	(7)	(4)	(3)	(10)
Purchases	(11)	0	(13)	(28)
Sales	13	0	20	43
Issuances	0	0	0	0
Settlements	0	0	0	0
Transfers into level 3	0	0	8	1
Transfers (out of) level 3	0	0	(2)	(6)
Fair value, ending balance	63	69	63	69
Change in unrealized (gains)/losses related to financials instruments held	(7)	(4)	(3)	(9)
Long-term debt
Liabilities:
Fair value, beginning balance	25,425	23,077	24,092	24,374
Total realized/unrealized (gains)/losses	(764)	(1,037)	917	(5,345)
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances	3,380	2,943	8,780	10,463
Settlements	(3,130)	(2,404)	(8,655)	(6,925)
Transfers into level 3	18	297	222	739
Transfers (out of) level 3	(82)	(448)	(509)	(878)
Fair value, ending balance	24,847	22,428	24,847	22,428
Change in unrealized (gains)/losses related to financials instruments held	(774)	(1,075)	667	(5,097)
DVA for fair value option elected liabilities
Level 3 Rollforward Supplemental Data
Unrealized (gains)/losses on liabilities recorded in OCI	15	(256)	(277)	(829)
Interest rate
Net derivative receivables:
Fair value, beginning balance	(1,122)	420	701	(16)
Total realized/unrealized gains/(losses)	(162)	(574)	(859)	(181)
Purchases	79	60	174	285
Sales	(127)	(108)	(219)	(337)
Settlements	349	(38)	376	218
Transfers into level 3	(56)	848	(1,135)	865
Transfers (out of) level 3	(72)	(53)	(149)	(279)
Fair value, ending balance	(1,111)	555	(1,111)	555
Change in unrealized gains/(losses) related to financial instruments held	(267)	(552)	(789)	25
Credit
Net derivative receivables:
Fair value, beginning balance	689	249	13	74
Total realized/unrealized gains/(losses)	11	56	485	387
Purchases	2	6	5	14
Sales	0	(1)	(4)	(8)
Settlements	(150)	41	52	(120)
Transfers into level 3	(4)	2	22	0
Transfers (out of) level 3	3	(10)	(22)	(4)
Fair value, ending balance	551	343	551	343
Change in unrealized gains/(losses) related to financial instruments held	11	69	487	367
Foreign exchange
Net derivative receivables:
Fair value, beginning balance	389	245	489	(419)
Total realized/unrealized gains/(losses)	88	217	140	755
Purchases	55	31	134	178
Sales	(18)	(43)	(126)	(86)
Settlements	(5)	43	(206)	75
Transfers into level 3	7	(1)	126	17
Transfers (out of) level 3	(3)	15	(44)	(13)
Fair value, ending balance	513	507	513	507
Change in unrealized gains/(losses) related to financial instruments held	51	166	114	716
Equity
Net derivative receivables:
Fair value, beginning balance	(1,881)	(1,234)	(384)	(3,626)
Total realized/unrealized gains/(losses)	1,013	904	1,036	3,472
Purchases	145	272	758	932
Sales	(222)	(424)	(1,584)	(1,449)
Settlements	(385)	385	(1,111)	688
Transfers into level 3	70	(134)	530	(692)
Transfers (out of) level 3	(39)	(95)	(544)	349
Fair value, ending balance	(1,299)	(326)	(1,299)	(326)
Change in unrealized gains/(losses) related to financial instruments held	1,060	902	936	3,106
Commodity
Net derivative receivables:
Fair value, beginning balance	(353)	26	(146)	(907)
Total realized/unrealized gains/(losses)	113	116	71	920
Purchases	3	14	42	82
Sales	(101)	(51)	(219)	(257)
Settlements	31	29	(80)	297
Transfers into level 3	0	4	(11)	3
Transfers (out of) level 3	184	61	220	61
Fair value, ending balance	(123)	199	(123)	199
Change in unrealized gains/(losses) related to financial instruments held	104	141	57	878
Federal funds sold and securities purchased under resale agreements
Assets:
Fair value, beginning balance	0	1	0	0
Total realized/unrealized gains/(losses)	0	0	0	0
Purchases	0	1	0	1
Sales	0	0	0	0
Settlements	0	(1)	0	(1)
Transfers into level 3	0	0	0	1
Transfers (out of) level 3	0	0	0	0
Fair value, ending balance	0	1	0	1
Change in unrealized gains/(losses) related to financial instruments held	0	0	0	0
Total mortgage-backed securities
Assets:
Fair value, beginning balance	717	827	771	303
Total realized/unrealized gains/(losses)	2	4	16	30
Purchases	119	6	250	676
Sales	(20)	(6)	(139)	(131)
Settlements	(21)	(32)	(88)	(72)
Transfers into level 3	0	3	9	3
Transfers (out of) level 3	0	(6)	(22)	(13)
Fair value, ending balance	797	796	797	796
Change in unrealized gains/(losses) related to financial instruments held	3	4	8	27
Mortgage-backed securities, U.S. GSEs and government agencies
Assets:
Fair value, beginning balance	706	803	759	265
Total realized/unrealized gains/(losses)	(4)	5	3	31
Purchases	118	5	249	670
Sales	(20)	0	(133)	(125)
Settlements	(21)	(32)	(85)	(60)
Transfers into level 3	0	0	0	0
Transfers (out of) level 3	0	(5)	(14)	(5)
Fair value, ending balance	779	776	779	776
Change in unrealized gains/(losses) related to financial instruments held	(4)	5	3	29
Mortgage-backed securities, Residential - nonagency
Assets:
Fair value, beginning balance	5	14	5	28
Total realized/unrealized gains/(losses)	0	0	7	0
Purchases	0	1	0	6
Sales	0	(5)	(6)	(5)
Settlements	0	0	(2)	(12)
Transfers into level 3	0	0	1	0
Transfers (out of) level 3	0	(1)	0	(8)
Fair value, ending balance	5	9	5	9
Change in unrealized gains/(losses) related to financial instruments held	0	0	0	(1)
Mortgage-backed securities, Commercial - nonagency
Assets:
Fair value, beginning balance	6	10	7	10
Total realized/unrealized gains/(losses)	6	(1)	6	(1)
Purchases	1	0	1	0
Sales	0	(1)	0	(1)
Settlements	0	0	(1)	0
Transfers into level 3	0	3	8	3
Transfers (out of) level 3	0	0	(8)	0
Fair value, ending balance	13	11	13	11
Change in unrealized gains/(losses) related to financial instruments held	7	(1)	5	(1)
Total debt and equity instruments
Assets:
Fair value, beginning balance	3,313	3,281	2,909	2,279
Total realized/unrealized gains/(losses)	(32)	(39)	(39)	(972)
Purchases	523	217	1,761	2,395
Sales	(409)	(321)	(922)	(1,356)
Settlements	(491)	(141)	(680)	(540)
Transfers into level 3	160	348	470	1,978
Transfers (out of) level 3	(142)	(471)	(577)	(910)
Fair value, ending balance	2,922	2,874	2,922	2,874
Change in unrealized gains/(losses) related to financial instruments held	(27)	(42)	51	(422)
Total debt instruments
Assets:
Fair value, beginning balance	2,563	2,531	2,178	1,457
Total realized/unrealized gains/(losses)	(29)	(14)	51	(102)
Purchases	487	190	1,515	2,019
Sales	(309)	(261)	(715)	(995)
Settlements	(34)	(107)	(217)	(343)
Transfers into level 3	119	329	288	1,000
Transfers (out of) level 3	(134)	(460)	(437)	(828)
Fair value, ending balance	2,663	2,208	2,663	2,208
Change in unrealized gains/(losses) related to financial instruments held	(30)	(10)	99	(72)
Obligations of U.S. states and municipalities
Assets:
Fair value, beginning balance	6	7	7	7
Total realized/unrealized gains/(losses)	0	1	0	1
Purchases	0	0	0	0
Sales	0	(1)	(1)	(1)
Settlements	0	0	0	0
Transfers into level 3	3	0	3	0
Transfers (out of) level 3	0	0	0	0
Fair value, ending balance	9	7	9	7
Change in unrealized gains/(losses) related to financial instruments held	0	1	0	2
Non-U.S. government debt securities
Assets:
Fair value, beginning balance	199	205	155	81
Total realized/unrealized gains/(losses)	9	(11)	49	(53)
Purchases	16	21	116	426
Sales	(53)	(22)	(149)	(288)
Settlements	0	(4)	0	(4)
Transfers into level 3	0	8	0	51
Transfers (out of) level 3	(20)	(31)	(20)	(47)
Fair value, ending balance	151	166	151	166
Change in unrealized gains/(losses) related to financial instruments held	18	(11)	86	(50)
Corporate debt securities
Assets:
Fair value, beginning balance	522	574	463	332
Total realized/unrealized gains/(losses)	15	2	39	(33)
Purchases	191	45	301	378
Sales	(56)	(75)	(116)	(146)
Settlements	(1)	(28)	(3)	(65)
Transfers into level 3	8	66	38	164
Transfers (out of) level 3	(27)	(236)	(70)	(282)
Fair value, ending balance	652	348	652	348
Change in unrealized gains/(losses) related to financial instruments held	4	11	34	(27)
Loans
Assets:
Fair value, beginning balance	1,105	898	759	708
Total realized/unrealized gains/(losses)	(56)	(15)	(54)	(52)
Purchases	161	103	843	522
Sales	(172)	(144)	(299)	(406)
Settlements	(12)	(43)	(125)	(202)
Transfers into level 3	108	252	233	777
Transfers (out of) level 3	(86)	(186)	(309)	(482)
Fair value, ending balance	1,048	865	1,048	865
Change in unrealized gains/(losses) related to financial instruments held	(56)	(16)	(28)	(25)
Asset-backed securities
Assets:
Fair value, beginning balance	14	20	23	26
Total realized/unrealized gains/(losses)	1	5	1	5
Purchases	0	15	5	17
Sales	(8)	(13)	(11)	(23)
Settlements	0	0	(1)	0
Transfers into level 3	0	0	5	5
Transfers (out of) level 3	(1)	(1)	(16)	(4)
Fair value, ending balance	6	26	6	26
Change in unrealized gains/(losses) related to financial instruments held	1	1	(1)	1
Equity securities
Assets:
Fair value, beginning balance	631	661	665	662
Total realized/unrealized gains/(losses)	2	(43)	(45)	(955)
Purchases	26	16	134	337
Sales	(100)	(60)	(207)	(361)
Settlements	(442)	(2)	(442)	(2)
Transfers into level 3	41	18	181	977
Transfers (out of) level 3	(7)	(10)	(135)	(78)
Fair value, ending balance	151	580	151	580
Change in unrealized gains/(losses) related to financial instruments held	7	(46)	(28)	(407)
Physical commodities
Assets:
Fair value, beginning balance	6	2	2	0
Total realized/unrealized gains/(losses)	(2)	(1)	(2)	(1)
Purchases	1	1	7	3
Sales	0	0	0	0
Settlements	0	0	(2)	0
Transfers into level 3	0	0	0	0
Transfers (out of) level 3	0	0	0	0
Fair value, ending balance	5	2	5	2
Change in unrealized gains/(losses) related to financial instruments held	(2)	(1)	5	(1)
Other
Assets:
Fair value, beginning balance	113	87	64	160
Total realized/unrealized gains/(losses)	(3)	19	(43)	86
Purchases	9	10	105	36
Sales	0	0	0	0
Settlements	(15)	(32)	(19)	(195)
Transfers into level 3	0	1	1	1
Transfers (out of) level 3	(1)	(1)	(5)	(4)
Fair value, ending balance	103	84	103	84
Change in unrealized gains/(losses) related to financial instruments held	(2)	15	(25)	58
Total available-for-sale securities
Assets:
Fair value, beginning balance	267	186	239	161
Total realized/unrealized gains/(losses)	(4)	(6)	24	2
Purchases	0	0	0	17
Sales	(165)	0	(165)	0
Settlements	0	0	0	0
Transfers into level 3	0	0	0	0
Transfers (out of) level 3	(38)	0	(38)	0
Fair value, ending balance	60	180	60	180
Change in unrealized gains/(losses) related to financial instruments held	(3)	(6)	22	2
Corporate debt securities
Assets:
Fair value, beginning balance	267	186	239	161
Total realized/unrealized gains/(losses)	(4)	(6)	24	2
Purchases	0	0	0	17
Sales	(165)	0	(165)	0
Settlements	0	0	0	0
Transfers into level 3	0	0	0	0
Transfers (out of) level 3	(38)	0	(38)	0
Fair value, ending balance	60	180	60	180
Change in unrealized gains/(losses) related to financial instruments held	(3)	(6)	22	2
Loans
Assets:
Fair value, beginning balance	3,808	2,020	1,418	1,933
Total realized/unrealized gains/(losses)	110	(53)	133	(37)
Purchases	24	37	2,309	431
Sales	(34)	(85)	(107)	(185)
Settlements	(442)	(102)	(1,027)	(633)
Transfers into level 3	276	213	1,193	829
Transfers (out of) level 3	(59)	(456)	(236)	(764)
Fair value, ending balance	3,683	1,574	3,683	1,574
Change in unrealized gains/(losses) related to financial instruments held	25	(52)	29	79
Mortgage servicing rights
Assets:
Fair value, beginning balance	8,229	7,439	7,973	5,494
Total realized/unrealized gains/(losses)	596	504	860	2,117
Purchases	650	510	1,227	1,981
Sales	(101)	(79)	(191)	(750)
Settlements	(265)	(234)	(760)	(702)
Transfers into level 3	0	0	0	0
Transfers (out of) level 3	0	0	0	0
Fair value, ending balance	9,109	8,140	9,109	8,140
Change in unrealized gains/(losses) related to financial instruments held	596	504	860	2,117
Other assets
Assets:
Fair value, beginning balance	417	408	405	306
Total realized/unrealized gains/(losses)	(1)	11	20	136
Purchases	498	2	515	48
Sales	(11)	(1)	(13)	(29)
Settlements	(14)	(44)	(44)	(81)
Transfers into level 3	0	0	8	2
Transfers (out of) level 3	(1)	0	(3)	(6)
Fair value, ending balance	888	376	888	376
Change in unrealized gains/(losses) related to financial instruments held	$ (1)	$ 11	$ 56	$ 131

Pension and Other Postretirement Employee Benefit Plans - Narrative (Details) - USD ($) $ in Billions	Sep. 30, 2023	Dec. 31, 2022
Retirement Benefits [Abstract]
Fair value of plan assets	$ 19.4	$ 19.9

- Definition

Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee.

+ References + Details

Derivative Instruments - Credit Derivatives (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Maximum payout/Notional amount
Protection sold	$ (608,766)	$ (542,722)
Protection purchased with identical underlyings	636,262	574,875
Net protection (sold)/purchased	27,496	32,153
Other protection purchased	37,593	22,526
Total credit derivatives
Maximum payout/Notional amount
Protection sold	(608,766)	(542,722)
Protection purchased with identical underlyings	636,262	574,875
Net protection (sold)/purchased	27,496	32,153
Other protection purchased	30,073	14,663
Credit default swaps
Maximum payout/Notional amount
Protection sold	(561,857)	(495,557)
Protection purchased with identical underlyings	581,432	509,846
Net protection (sold)/purchased	19,575	14,289
Other protection purchased	4,536	2,917
Other credit derivatives
Maximum payout/Notional amount
Protection sold	(46,909)	(47,165)
Protection purchased with identical underlyings	54,830	65,029
Net protection (sold)/purchased	7,921	17,864
Other protection purchased	25,537	11,746
Credit-related notes
Maximum payout/Notional amount
Protection sold	0	0
Protection purchased with identical underlyings	0	0
Net protection (sold)/purchased	0	0
Other protection purchased	$ 7,520	$ 7,863

Loans - Consumer, Excluding Credit Card Loan Portfolio, Residential Real Estate, Loan Modifications, Narrative (Details) - Consumer, excluding credit card - Residential real estate - USD ($)	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Financing Receivable, Modified [Line Items]
FDMs	$ 43,000,000			$ 110,000,000
Weighted-average term loan extensions	22 years			19 years
Weighted average contractual interest rate	4.63%	7.22%		4.24%		7.04%
Additional commitments to lend to borrowers whose loans have been modified as FDM's	$ 0			$ 0
Loans subject to a trial modification	27,000,000			59,000,000
Chapter 7 loans	3,000,000			7,000,000
Carrying value of new TDRs			$ 80,000,000		$ 313,000,000
30 or more days past due
Financing Receivable, Modified [Line Items]
FDMs	$ 6,000,000			$ 20,000,000

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Dividends declared:
Dividends declared, Common stock (in dollars per share)	$ 1.05	$ 1.00	$ 3.05	$ 3.00

Derivative Instruments - Credit Derivatives, Protection Sold, Notional and Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Protection sold credit derivatives ratings/maturity profile
Protection sold credit derivatives ratings/maturity profile - less than 1 year	$ (122,318)	$ (123,728)
Protection sold credit derivatives ratings/maturity profile - from 1-5 years	(385,290)	(381,802)
Protection sold credit derivatives ratings/maturity profile - more than 5 years	(101,158)	(37,192)
Total notional amount	(608,766)	(542,722)
Fair value of receivables	5,656	3,591
Fair value of payables	(3,573)	(4,704)
Net fair value	2,083	(1,113)
Investment-grade
Protection sold credit derivatives ratings/maturity profile
Protection sold credit derivatives ratings/maturity profile - less than 1 year	(88,064)	(90,484)
Protection sold credit derivatives ratings/maturity profile - from 1-5 years	(299,190)	(294,791)
Protection sold credit derivatives ratings/maturity profile - more than 5 years	(78,835)	(30,822)
Total notional amount	(466,089)	(416,097)
Fair value of receivables	3,584	2,324
Fair value of payables	(1,774)	(1,495)
Net fair value	1,810	829
Noninvestment-grade
Protection sold credit derivatives ratings/maturity profile
Protection sold credit derivatives ratings/maturity profile - less than 1 year	(34,254)	(33,244)
Protection sold credit derivatives ratings/maturity profile - from 1-5 years	(86,100)	(87,011)
Protection sold credit derivatives ratings/maturity profile - more than 5 years	(22,323)	(6,370)
Total notional amount	(142,677)	(126,625)
Fair value of receivables	2,072	1,267
Fair value of payables	(1,799)	(3,209)
Net fair value	$ 273	$ (1,942)

Goodwill and Mortgage Servicing Rights - Key Economic Assumptions (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Weighted-average prepayment speed assumption (constant prepayment rate)	5.80%	6.12%
Impact on fair value of 10% adverse change	$ (198)	$ (183)
Impact on fair value of 20% adverse change	$ (387)	$ (356)
Weighted-average option adjusted spread	5.85%	5.77%
Impact on fair value of a 100 basis point adverse change	$ (394)	$ (341)
Impact on fair value of a 200 basis point adverse change	$ (758)	$ (655)

Derivative Instruments - Impact on Balance Sheet (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Gross derivative receivables	$ 615,519	$ 639,593
Net derivative receivables	67,070	70,880
Gross derivative payables	603,490	637,513
Net derivative payables	41,963	51,141
Interest rate
Derivatives, Fair Value [Line Items]
Gross derivative receivables	290,941	300,415
Net derivative receivables	31,097	28,419
Gross derivative payables	277,805	290,291
Net derivative payables	15,974	15,970
Credit
Derivatives, Fair Value [Line Items]
Gross derivative receivables	11,616	10,329
Net derivative receivables	1,318	1,090
Gross derivative payables	11,375	9,971
Net derivative payables	882	754
Foreign exchange
Derivatives, Fair Value [Line Items]
Gross derivative receivables	237,316	241,579
Net derivative receivables	22,608	23,365
Gross derivative payables	234,424	251,521
Net derivative payables	12,905	18,856
Equity
Derivatives, Fair Value [Line Items]
Gross derivative receivables	58,178	61,913
Net derivative receivables	5,720	9,139
Gross derivative payables	62,329	62,461
Net derivative payables	6,905	8,804
Commodity
Derivatives, Fair Value [Line Items]
Gross derivative receivables	17,468	25,357
Net derivative receivables	6,327	8,867
Gross derivative payables	17,557	23,269
Net derivative payables	5,297	6,757
Not designated as hedges
Derivatives, Fair Value [Line Items]
Gross derivative receivables	613,812	636,251
Gross derivative payables	602,051	632,392
Not designated as hedges \| Interest rate
Derivatives, Fair Value [Line Items]
Gross derivative receivables	290,941	300,411
Gross derivative payables	277,798	290,291
Not designated as hedges \| Credit
Derivatives, Fair Value [Line Items]
Gross derivative receivables	11,616	10,329
Gross derivative payables	11,375	9,971
Not designated as hedges \| Foreign exchange
Derivatives, Fair Value [Line Items]
Gross derivative receivables	235,863	239,946
Gross derivative payables	233,104	248,911
Not designated as hedges \| Equity
Derivatives, Fair Value [Line Items]
Gross derivative receivables	58,178	61,913
Gross derivative payables	62,329	62,461
Not designated as hedges \| Commodity
Derivatives, Fair Value [Line Items]
Gross derivative receivables	17,214	23,652
Gross derivative payables	17,445	20,758
Designated as hedges
Derivatives, Fair Value [Line Items]
Gross derivative receivables	1,707	3,342
Gross derivative payables	1,439	5,121
Designated as hedges \| Interest rate
Derivatives, Fair Value [Line Items]
Gross derivative receivables	0	4
Gross derivative payables	7	0
Designated as hedges \| Credit
Derivatives, Fair Value [Line Items]
Gross derivative receivables	0	0
Gross derivative payables	0	0
Designated as hedges \| Foreign exchange
Derivatives, Fair Value [Line Items]
Gross derivative receivables	1,453	1,633
Gross derivative payables	1,320	2,610
Designated as hedges \| Equity
Derivatives, Fair Value [Line Items]
Gross derivative receivables	0	0
Gross derivative payables	0	0
Designated as hedges \| Commodity
Derivatives, Fair Value [Line Items]
Gross derivative receivables	254	1,705
Gross derivative payables	$ 112	$ 2,511

Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	$ 1,478,784	$ 1,326,782
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	1,061,508
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	178,697
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	201,699
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	36,880
Off-balance sheet lending-related financial commitments, Carrying value	4,602	2,817
Total Consumer
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	947,216	854,802
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	920,087
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	6,348
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	5,940
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	14,841
Off-balance sheet lending-related financial commitments, Carrying value	974	75
Total consumer, excluding credit card
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	48,313	33,518
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	21,184
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	6,348
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	5,940
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	14,841
Off-balance sheet lending-related financial commitments, Carrying value	974	75
Residential real estate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	32,610	21,287
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	8,355
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	6,091
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	5,940
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	12,224
Off-balance sheet lending-related financial commitments, Carrying value	785	75
Residential real estate \| First Republic
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet lending-related financial commitments, Carrying value	660
Auto and other
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	15,703	12,231
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	12,829
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	257
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	0
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	2,617
Off-balance sheet lending-related financial commitments, Carrying value	189	0
Auto and other \| First Republic
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet lending-related financial commitments, Carrying value	189
Credit card
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	898,903	821,284
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	898,903
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	0
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	0
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	0
Off-balance sheet lending-related financial commitments, Carrying value	0	0
Total wholesale
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	531,568	471,980
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	141,421
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	172,349
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	195,759
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	22,039
Off-balance sheet lending-related financial commitments, Carrying value	3,628	2,742
Other unfunded commitments to extend credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	499,649	440,407
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	123,603
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	163,104
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	191,974
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	20,968
Off-balance sheet lending-related financial commitments, Carrying value	3,169	2,328
Off balance sheet lending related financial instruments guarantees and other commitments - supplemental information
Risk participations for other unfunded commitments to extend credit	82	71
Other unfunded commitments to extend credit \| First Republic
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet lending-related financial commitments, Carrying value	1,300
Standby letters of credit and other financial guarantees
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	28,283	27,439
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	14,411
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	9,058
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	3,743
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	1,071
Off-balance sheet lending-related financial commitments, Carrying value	438	408
Other guarantees and commitments, Carrying value	344	326
Off balance sheet lending related financial instruments guarantees and other commitments - supplemental information
Risk participations for standby letters of credit and other financial guarantees	8,200	8,200
Other letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	3,636	4,134
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	3,407
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	187
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	42
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	0
Off-balance sheet lending-related financial commitments, Carrying value	21	6
Other guarantees and commitments, Carrying value	0	0
Off balance sheet lending related financial instruments guarantees and other commitments - supplemental information
Risk participations for other letters of credit	513	512
Securities lending indemnification agreements and guarantees
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Other guarantees and commitments, Contractual amount	293,539	283,386
Other guarantees and commitments, Contractual amount, Expiring in 1 year or less	293,539
Other guarantees and commitments, Contractual amount, Expiring after 1 year through 3 years	0
Other guarantees and commitments, Contractual amount, Expiring after 3 years through 5 years	0
Other guarantees and commitments, Contractual amount, Expiring after 5 years	0
Other guarantees and commitments, Carrying value	0	0
Off balance sheet lending related financial instruments guarantees and other commitments - supplemental information
Indemnification agreement securities lending guarantees collateral held in support of	310,300	298,500
Derivatives qualifying as guarantees
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Other guarantees and commitments, Contractual amount	55,132	59,180
Other guarantees and commitments, Contractual amount, Expiring in 1 year or less	2,344
Other guarantees and commitments, Contractual amount, Expiring after 1 year through 3 years	325
Other guarantees and commitments, Contractual amount, Expiring after 3 years through 5 years	11,622
Other guarantees and commitments, Contractual amount, Expiring after 5 years	40,841
Other guarantees and commitments, Carrying value	294	649
Unsettled resale and securities borrowed agreements
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Other guarantees and commitments, Contractual amount	130,228	116,975
Other guarantees and commitments, Contractual amount, Expiring in 1 year or less	129,321
Other guarantees and commitments, Contractual amount, Expiring after 1 year through 3 years	907
Other guarantees and commitments, Contractual amount, Expiring after 3 years through 5 years	0
Other guarantees and commitments, Contractual amount, Expiring after 5 years	0
Other guarantees and commitments, Carrying value	1	(2)
Unsettled repurchase and securities loaned agreements
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Other guarantees and commitments, Contractual amount	80,548	66,407
Other guarantees and commitments, Contractual amount, Expiring in 1 year or less	80,018
Other guarantees and commitments, Contractual amount, Expiring after 1 year through 3 years	530
Other guarantees and commitments, Contractual amount, Expiring after 3 years through 5 years	0
Other guarantees and commitments, Contractual amount, Expiring after 5 years	0
Other guarantees and commitments, Carrying value	0	(7)
Mortgage repurchase liability
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loan sale and securitization-related indemnifications, Mortgage repurchase liability, Carrying value	76	76
Loans sold with recourse
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loan sale and securitization-related indemnifications, Loans sold with recourse, Contractual amount	803	820
Loan sale and securitization-related indemnifications, Loans sold with recourse, Carrying value	28	28
Exchange & clearing house guarantees and commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Other guarantees and commitments, Contractual amount	118,140	191,068
Other guarantees and commitments, Contractual amount, Expiring in 1 year or less	118,140
Other guarantees and commitments, Contractual amount, Expiring after 1 year through 3 years	0
Other guarantees and commitments, Contractual amount, Expiring after 3 years through 5 years	0
Other guarantees and commitments, Contractual amount, Expiring after 5 years	0
Other guarantees and commitments, Carrying value	0	0
Other guarantees and commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Other guarantees and commitments, Contractual amount	15,619	8,634
Other guarantees and commitments, Contractual amount, Expiring in 1 year or less	11,482
Other guarantees and commitments, Contractual amount, Expiring after 1 year through 3 years	523
Other guarantees and commitments, Contractual amount, Expiring after 3 years through 5 years	146
Other guarantees and commitments, Contractual amount, Expiring after 5 years	3,468
Other guarantees and commitments, Carrying value	$ 36	$ 53
Days Past Due, 60 or More \| Credit card
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Line of credit close criteria, period past due	60 days

Variable Interest Entities - Multi-seller conduits (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Unfunded lending-related commitments	$ 1,478,784	$ 1,326,782
Multi-seller conduits
Variable Interest Entity [Line Items]
Commercial paper eliminated in consolidation	8,700	13,800
Multi-seller conduits \| Commercial and other
Variable Interest Entity [Line Items]
Unfunded lending-related commitments	$ 9,900	$ 10,600

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Pension and Other Postretirement Employee Benefit Plans

9 Months Ended

Sep. 30, 2023

Retirement Benefits [Abstract]

Pension and Other Postretirement Employee Benefit Plans

Pension and other postretirement employee benefit plansRefer to Note 8 of JPMorgan Chase’s 2022 Form 10-K for a discussion of JPMorgan Chase’s pension and OPEB plans.

The following table presents the net periodic benefit costs reported in the Consolidated statements of income for the Firm’s defined benefit pension, defined contribution and OPEB plans.


(in millions)	Three months ended September 30,					Nine months ended September 30,
	2023		2022				2023		2022
	Pension and OPEB plans				Pension and OPEB plans
Total net periodic defined benefit plan cost/(credit)	$	(104)	$	(11)		(a)	$	(292)	$	(150)	(a)
Total defined contribution plans	403		353				1,165		1,054
Total pension and OPEB cost included in noninterest expense	$	299	$	342			$	873	$	904

(a)Included a $58 million pension settlement loss. Refer to Note 8 of JPMorgan Chase's 2022 Form 10-K for additional information regarding the pension settlement.

As of September 30, 2023 and December 31, 2022, the fair values of plan assets for the Firm’s significant defined benefit pension and OPEB plans were $19.4 billion and $19.9 billion, respectively.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//715/tableOfContent

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480266/715-60-50-3

+ Details

Litigation (Details)	1 Months Ended						2 Months Ended		3 Months Ended		9 Months Ended		12 Months Ended	36 Months Ended	46 Months Ended
Litigation (Details)	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Aug. 31, 2021 USD ($)	May 31, 2021 USD ($)	May 31, 2020 USD ($)	Sep. 30, 2018 USD ($)	Jun. 30, 2023 claim	Dec. 31, 2022 claim	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2012 USD ($) action	Dec. 31, 2012 fund	Sep. 30, 2023 USD ($)
Loss Contingencies [Line Items]
Legal expense									$ 665,000,000	$ 47,000,000	$ 1,261,000,000	$ 239,000,000
Threatened or Pending Litigation \| Minimum
Loss Contingencies [Line Items]
Loss contingency range of possible loss	$ 0								0		0				$ 0
Threatened or Pending Litigation \| Maximum
Loss Contingencies [Line Items]
Loss contingency range of possible loss	$ 1,300,000,000								$ 1,300,000,000		$ 1,300,000,000				1,300,000,000
1MDB Litigation, 2009 \| J.P. Morgan (Suisse) SA
Loss Contingencies [Line Items]
Amount of claim				$ 300,000,000
1MDB Litigation, 2010 \| J.P. Morgan (Suisse) SA
Loss Contingencies [Line Items]
Amount of claim				$ 500,000,000
Amrapali Litigation \| JPMorgan India Private Limited
Loss Contingencies [Line Items]
Amount of claim			$ 31,500,000		$ 25,000,000
Number of offshore funds formerly managed by JPMorgan Chase entities \| fund														2
Foreign Exchange Investigations and Litigation
Loss Contingencies [Line Items]
Loss contingency disqualification period											10 years
Interchange Litigation
Loss Contingencies [Line Items]
Number of claims settled \| action													2
Interchange Litigation \| The Defendants
Loss Contingencies [Line Items]
Settlement amount						$ 900,000,000							$ 5,300,000,000
Payments for legal settlement															$ 700,000,000
Settlements with merchants who opted out, percentage of combined card sales volume	65.00%								65.00%		65.00%				65.00%
Jeffrey Epstein Litigation
Loss Contingencies [Line Items]
Number of claims filed \| claim								2
Jeffrey Epstein Litigation, Class Action
Loss Contingencies [Line Items]
Payments for legal settlement		$ 290,000,000
Jeffrey Epstein Litigation, United States Virgin Islands Government
Loss Contingencies [Line Items]
Settlement amount	$ 75,000,000
Shareholder Derivative Suits
Loss Contingencies [Line Items]
Number of claims filed \| claim							2

Regulatory Capital

9 Months Ended

Sep. 30, 2023

Banking Regulation [Abstract]

Regulatory Capital

Regulatory capital

Refer to Note 27 of JPMorgan Chase’s 2022 Form 10-K for a detailed discussion on regulatory capital.

The Federal Reserve establishes capital requirements, including well-capitalized requirements, for the consolidated financial holding company. The Office of the Comptroller of the Currency ("OCC") establishes similar minimum capital requirements and standards for the Firm’s principal IDI subsidiary, JPMorgan Chase Bank, N.A.

Under the risk-based capital and leverage-based guidelines of the Federal Reserve, JPMorgan Chase is required to maintain minimum ratios for CET1 capital, Tier 1 capital, Total capital, Tier 1 leverage and the SLR. Failure to meet these minimum requirements could cause the Federal Reserve to take action. IDI subsidiaries are also subject to these capital requirements established by their respective primary regulators.

The following table presents the risk-based regulatory capital ratio requirements and well-capitalized ratios to which the Firm and its IDI subsidiaries were subject as of September 30, 2023 and December 31, 2022.


	Standardized capital ratio requirements				Advanced capital ratio requirements				Well-capitalized ratios
	BHC(a)(b)		IDI(c)		BHC(a)(b)		IDI(c)		BHC(d)		IDI(e)
Risk-based capital ratios
CET1 capital	12.5	%	7.0	%	11.0	%	7.0	%	NA		6.5	%
Tier 1 capital	14.0		8.5		12.5		8.5		6.0	%	8.0
Total capital	16.0		10.5		14.5		10.5		10.0		10.0

Note: The table above is as defined by the regulations issued by the Federal Reserve, OCC and FDIC and to which the Firm and its IDI subsidiaries are subject.

(a)Represents the regulatory capital ratio requirements applicable to the Firm. The CET1, Tier 1 and Total capital ratio requirements each include a respective minimum requirement plus a GSIB surcharge of 4.0% as calculated under Method 2; plus a 4.0% SCB for Basel III Standardized ratios and a fixed 2.5% capital conservation buffer for Basel III Advanced ratios. The countercyclical buffer is currently set to 0% by the federal banking agencies.

(b)For the period ended December 31, 2022, the CET1, Tier 1, and Total capital ratio requirements under Basel III Standardized applicable to the Firm were 12.0%, 13.5% and 15.5%, respectively; the Basel III Advanced CET1, Tier 1, and Total capital ratio requirements applicable to the Firm were 10.5%, 12.0%, and 14.0%, respectively.

(c)Represents requirements for JPMorgan Chase’s IDI subsidiaries. The CET1, Tier 1 and Total capital ratio requirements include a fixed capital conservation buffer requirement of 2.5% that is applicable to the IDI subsidiaries. The IDI subsidiaries are not subject to the GSIB surcharge.

(d)Represents requirements for bank holding companies pursuant to regulations issued by the Federal Reserve.

(e)Represents requirements for IDI subsidiaries pursuant to regulations issued under the FDIC Improvement Act.

The following table presents the leverage-based regulatory capital ratio requirements and well-capitalized ratios to which the Firm and its IDI subsidiaries were subject as of September 30, 2023 and December 31, 2022.


	Capital ratio requirements(a)				Well-capitalized ratios
	BHC		IDI		BHC(b)	IDI
Leverage-based capital ratios
Tier 1 leverage	4.0	%	4.0	%	NA	5.0	%
SLR	5.0		6.0		NA	6.0

Note: The table above is as defined by the regulations issued by the Federal Reserve, OCC and FDIC and to which the Firm and its IDI subsidiaries are subject.

(a)Represents minimum SLR requirement of 3.0%, as well as supplementary leverage buffer requirements of 2.0% and 3.0% for BHC and IDI subsidiaries, respectively.

(b)The Federal Reserve's regulations do not establish well-capitalized thresholds for these measures for BHCs.

CECL Regulatory Capital Transition

Beginning January 1, 2022, the $2.9 billion CECL capital benefit, provided by the Federal Reserve in response to the COVID-19 pandemic, is being phased out at 25% per year over a three-year period. As of September 30, 2023, the Firm's CET1 capital reflected the remaining $1.4 billion benefit associated with the CECL capital transition provisions.

Similarly, as of January 1, 2023, the Firm has phased out 50% of the other CECL capital transition provisions which impacted Tier 2 capital, adjusted average assets, total leverage exposure and RWA, as applicable.

Refer to Note 27 of JPMorgan Chase’s 2022 Form 10-K for further information on CECL capital transition provisions.

The following tables present risk-based capital metrics under both the Basel III Standardized and Basel III Advanced approaches and leverage-based capital metrics for JPMorgan Chase and JPMorgan Chase Bank, N.A. As of September 30, 2023 and December 31, 2022, JPMorgan Chase and JPMorgan Chase Bank, N.A. were well-capitalized and met all capital requirements to which each was subject.


September 30, 2023 (in millions, except ratios)	Basel III Standardized						Basel III Advanced
	JPMorgan Chase & Co.			JPMorgan Chase Bank, N.A.			JPMorgan Chase & Co.				JPMorgan Chase Bank, N.A.
Risk-based capital metrics:(a)
CET1 capital	$	241,825		$	282,480		$	241,825			$	282,480
Tier 1 capital	268,579			282,482			268,579				282,482
Total capital	300,859			302,050			287,560			(b)	288,983


Risk-weighted assets	1,692,219			1,636,819			1,671,593			(b)	1,527,444



CET1 capital ratio	14.3		%	17.3		%	14.5		%		18.5		%
Tier 1 capital ratio	15.9			17.3			16.1				18.5
Total capital ratio	17.8			18.5			17.2				18.9


December 31, 2022 (in millions, except ratios)	Basel III Standardized						Basel III Advanced
	JPMorgan Chase & Co.			JPMorgan Chase Bank, N.A.			JPMorgan Chase & Co.			JPMorgan Chase Bank, N.A.
Risk-based capital metrics:(a)
CET1 capital	$	218,934		$	269,668		$	218,934		$	269,668
Tier 1 capital	245,631			269,672			245,631			269,672
Total capital	277,769			288,433			264,583			275,255


Risk-weighted assets	1,653,538			1,597,072			1,609,773			1,475,602



CET1 capital ratio	13.2		%	16.9		%	13.6		%	18.3		%
Tier 1 capital ratio	14.9			16.9			15.3			18.3
Total capital ratio	16.8			18.1			16.4			18.7

(a)The capital metrics reflect the CECL capital transition provisions.

(b)Includes the impacts of certain assets associated with First Republic to which the Standardized approach has been applied as permitted by the transition provisions in the U.S. capital rules.


Three months ended (in millions, except ratios)	September 30, 2023						December 31, 2022
	JPMorgan Chase & Co.			JPMorgan Chase Bank, N.A.			JPMorgan Chase & Co.			JPMorgan Chase Bank, N.A.
Leverage-based capital metrics:(a)
Adjusted average assets(b)	$	3,785,641		$	3,309,068		$	3,703,873		$	3,249,912
Tier 1 leverage ratio	7.1		%	8.5		%	6.6		%	8.3		%
Total leverage exposure	$	4,500,253		$	4,013,044		$	4,367,092		$	3,925,502
SLR	6.0		%	7.0		%	5.6		%	6.9		%

(a)The capital metrics reflect the CECL capital transition provisions.

(b)Adjusted average assets, for purposes of calculating the leverage ratios, includes quarterly average assets adjusted for on-balance sheet assets that are subject to deduction from Tier 1 capital, predominantly goodwill, inclusive of estimated equity method goodwill, and other intangible assets.

- Definition

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

+ References + Details

Variable Interest Entities - VIEs Sponsored by Third Parties (Details) - USD ($)
$ in Millions

Sep. 30, 2023

Dec. 31, 2022

Sep. 30, 2022

Variable Interest Entity [Line Items]

Fair value of assets held by VIE

$ 3,898,333

^[1]

$ 3,665,743

^[1]

$ 3,773,884

Nonconsolidated entities | Tax credit vehicles

Variable Interest Entity [Line Items]

Maximum exposure

32,500

30,200

Unfunded commitments

12,700

10,600

Nonconsolidated entities | Municipal bond vehicles

Variable Interest Entity [Line Items]

Maximum exposure

5,500

5,800

Fair value of assets held by VIE

$ 7,200

$ 8,200

[1]


(in millions)	September 30, 2023		December 31, 2022
Assets
Trading assets	$	1,780	$	2,151
Loans	38,176		34,411
All other assets	593		550
Total assets	$	40,549	$	37,112
Liabilities
Beneficial interests issued by consolidated VIEs	$	24,896	$	12,610
All other liabilities	244		279
Total liabilities	$	25,140	$	12,889

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

+ References

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+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Business Combinations - Loans Acquired (Details) - First Republic $ in Millions	Sep. 30, 2023 USD ($)
Business Acquisition [Line Items]
UPB	$ 173,381
Fair value	152,482
Consumer
Business Acquisition [Line Items]
UPB	109,333
Fair value	94,085
Consumer, excluding credit card \| Residential real estate
Business Acquisition [Line Items]
UPB	106,240
Fair value	92,053
Consumer, excluding credit card \| Auto and other
Business Acquisition [Line Items]
UPB	3,093
Fair value	2,032
Wholesale
Business Acquisition [Line Items]
UPB	64,048
Fair value	58,397
Wholesale \| Secured by real estate
Business Acquisition [Line Items]
UPB	37,117
Fair value	33,602
Wholesale \| Commercial and industrial
Business Acquisition [Line Items]
UPB	4,332
Fair value	3,932
Wholesale \| Other
Business Acquisition [Line Items]
UPB	22,599
Fair value	$ 20,863

Fair Value Measurement - Level 3 Analysis (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Long-term debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers from level 2 into level 3, liabilities	$ 18	$ 297	$ 222	$ 739
Transfers from level 3 into level 2, liabilities	82	448	509	878
Realized/unrealized gains (losses), liabilities	764	1,037	(917)	5,345
MSRs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers from level 2 into level 3, assets	0	0	0	0
Transfers from level 3 into level 2, assets	0	0	0	0
Realized/unrealized gains (losses), assets	596	504	860	2,117
Nontrading loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers from level 2 into level 3, assets	276	213	1,193	829
Transfers from level 3 into level 2, assets	59	456	236	764
Realized/unrealized gains (losses), assets	110	(53)	133	(37)
Total debt and equity instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers from level 2 into level 3, assets	160	348	470	1,978
Transfers from level 3 into level 2, assets	142	471	577	910
Realized/unrealized gains (losses), assets	(32)	(39)	(39)	(972)
Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers from level 2 into level 3, assets	41	18	181	977
Transfers from level 3 into level 2, assets	7	10	135	78
Realized/unrealized gains (losses), assets	2	(43)	(45)	(955)
Trading loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers from level 2 into level 3, assets	108	252	233	777
Transfers from level 3 into level 2, assets	86	186	309	482
Realized/unrealized gains (losses), assets	(56)	(15)	(54)	(52)
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value	1,272,397		1,272,397		$ 1,105,603
Increase in level 3 assets	523
Recurring \| Long-term debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers from level 2 into level 3, liabilities				739
Transfers from level 3 into level 2, liabilities				878
Recurring \| Interest rate \| Derivative payables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers from level 2 into level 3, liabilities			1,800	639
Transfers from level 3 into level 2, liabilities				758
Recurring \| Equity \| Derivative payables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers from level 2 into level 3, liabilities				1,800
Transfers from level 3 into level 2, liabilities			1,200	1,800
Recurring \| MSRs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Increase in level 3 assets	880		1,100
Recurring \| Nontrading loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Increase in level 3 assets			2,300
Transfers from level 2 into level 3, assets			1,200	829
Transfers from level 3 into level 2, assets				764
Recurring \| Nontrading loans \| First Republic \| CIB
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Increase in level 3 assets			1,800
Recurring \| Derivative receivables \| Interest rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers from level 2 into level 3, assets		1,100		1,500
Transfers from level 3 into level 2, assets				1,000
Recurring \| Derivative receivables \| Equity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers from level 2 into level 3, assets			1,200	963
Transfers from level 3 into level 2, assets		524	1,700	1,400
Recurring \| Total debt and equity instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers from level 2 into level 3, assets				2,000
Recurring \| Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers from level 2 into level 3, assets				977
Recurring \| Trading loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers from level 2 into level 3, assets				777
Level 3 \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets fair value	27,306		27,306		$ 23,626
Increase in level 3 assets			3,700
Realized/unrealized gains (losses), assets	1,700	1,100	1,900	6,600
Realized/unrealized gains (losses), liabilities	$ 788	$ 1,200	$ (1,000)	$ 6,200

Litigation	9 Months Ended
Litigation	Sep. 30, 2023
Litigation [Abstract]
Litigation	Litigation Contingencies As of September 30, 2023, the Firm and its subsidiaries and affiliates are defendants or respondents in numerous legal proceedings, including private, civil litigations, government investigations or regulatory enforcement matters. The litigations range from individual actions involving a single plaintiff to class action lawsuits with potentially millions of class members. Investigations and regulatory enforcement matters involve both formal and informal proceedings, by both governmental agencies and self-regulatory organizations. These legal proceedings are at varying stages of adjudication, arbitration or investigation, and involve each of the Firm’s lines of business and several geographies and a wide variety of claims (including common law tort and contract claims and statutory antitrust, securities and consumer protection claims), some of which present novel legal theories. The Firm believes the estimate of the aggregate range of reasonably possible losses, in excess of reserves established, for its legal proceedings is from $0 to approximately $1.3 billion at September 30, 2023. This estimated aggregate range of reasonably possible losses was based upon information available as of that date for those proceedings in which the Firm believes that an estimate of reasonably possible loss can be made. For certain matters, the Firm does not believe that such an estimate can be made, as of that date. The Firm’s estimate of the aggregate range of reasonably possible losses involves significant judgment, given: •the number, variety and varying stages of the proceedings, including the fact that many are in preliminary stages, •the existence in many such proceedings of multiple defendants, including the Firm, whose share of liability (if any) has yet to be determined, •the numerous yet-unresolved issues in many of the proceedings, including issues regarding class certification and the scope of many of the claims, and •the uncertainty of the various potential outcomes of such proceedings, including where the Firm has made assumptions concerning future rulings by the court or other adjudicator, or about the behavior or incentives of adverse parties or regulatory authorities, and those assumptions prove to be incorrect. In addition, the outcome of a particular proceeding may be a result which the Firm did not take into account in its estimate because the Firm had deemed the likelihood of that outcome to be remote. Accordingly, the Firm’s estimate of the aggregate range of reasonably possible losses will change from time to time, and actual losses may vary significantly. Set forth below are descriptions of the Firm’s material legal proceedings. 1MDB Litigation. J.P. Morgan (Suisse) SA was named as a defendant in a civil litigation filed in May 2021 in Malaysia by 1Malaysia Development Berhad (“1MDB”), a Malaysian state-owned and controlled investment fund. The claim alleges “dishonest assistance” against J.P. Morgan (Suisse) SA in relation to payments of $300 million and $500 million, from 2009 and 2010, respectively, received from 1MDB and paid into an account at J.P. Morgan Suisse (SA) held by 1MDB PetroSaudi Limited, a joint venture company between 1MDB and PetroSaudi Holdings (Cayman) Limited. In September 2022, the Firm filed an application challenging the validity of service and the Malaysian Court’s jurisdiction to hear the claim. In April 2023, 1MDB requested Court permission to discontinue its claim and re-file a new claim in the future. In August 2023, the Court denied those requests and reinstated the claim. 1MDB and the Firm each filed separate appeals of that decision in September 2023. In its appeal, the Firm seeks to prevent any claim from continuing. The Firm’s challenge to service and jurisdiction is scheduled for hearing in December 2023. Amrapali. India’s Enforcement Directorate (“ED”) is investigating J.P. Morgan India Private Limited in connection with investments made in 2010 and 2012 by two offshore funds formerly managed by JPMorgan Chase entities into residential housing projects developed by the Amrapali Group (“Amrapali”). In 2017, numerous creditors filed civil claims against Amrapali, including petitions brought by home buyers relating to delays in delivering or failure to deliver residential units. The home buyers’ petitions have been overseen by the Supreme Court of India and are ongoing. In August 2021, the ED issued an order fining J.P. Morgan India Private Limited approximately $31.5 million. The Firm is appealing the order and the fine. Relatedly, in July 2019, the Supreme Court of India issued an order making preliminary findings that Amrapali and other parties, including unspecified JPMorgan Chase entities and the offshore funds that had invested in the projects, violated certain currency control and money laundering provisions, and ordering the ED to conduct a further inquiry under India’s Prevention of Money Laundering Act (“PMLA”) and Foreign Exchange Management Act (“FEMA”). In May 2020, the ED attached approximately $25 million from J.P. Morgan India Private Limited in connection with the criminal PMLA investigation. The Firm is responding to and cooperating with the PMLA investigation. Foreign Exchange Investigations and Litigation. The Firm previously reported settlements with certain government authorities relating to its foreign exchange (“FX”) sales and trading activities and controls related to those activities. Among those resolutions, in May 2015, the Firm pleaded guilty to a single violation of federal antitrust law. The Department of Labor ("DOL") granted the Firm exemptions that permit the Firm and its affiliates to continue to rely on the Qualified Professional Asset Manager exemption under the Employee Retirement Income Security Act (“ERISA”) through the ten-year disqualification period following the antitrust plea. The only remaining FX-related governmental inquiry is a South Africa Competition Commission matter which is currently pending before the South Africa Competition Tribunal. With respect to civil litigation matters, in August 2018, the United States District Court for the Southern District of New York granted final approval to the Firm’s settlement of a consolidated class action brought by U.S.-based plaintiffs, which principally alleged violations of federal antitrust laws based on an alleged conspiracy to manipulate foreign exchange rates and also sought damages on behalf of persons who transacted in FX futures and options on futures. Although certain members of the settlement class filed requests to the Court to be excluded from the class, an agreement to resolve their claims was reached in December 2022. In a separate putative class action filed against the Firm and other foreign exchange dealers on behalf of certain parties who purchased foreign currencies at allegedly inflated rates, the District Court denied certification of a class and granted summary judgment against the named plaintiffs in March 2023. An appeal by those plaintiffs of the District Court's decision is pending. In addition, some FX-related individual and putative class actions based on similar alleged underlying conduct have been filed outside the U.S., including in the U.K., Israel, the Netherlands, Brazil and Australia. An agreement to resolve one of the UK actions was reached in December 2022. In July 2023, the U.K. Court of Appeal overturned the Competition Appeal Tribunal's earlier denial of a request for class certification on an opt-out basis. In Israel, a settlement in principle has been reached in the putative class action, which remains subject to court approval. Interchange Litigation. Groups of merchants and retail associations filed a series of class action complaints alleging that Visa and Mastercard, as well as certain banks, conspired to set the price of credit and debit card interchange fees and enacted related rules in violation of antitrust laws. In 2012, the parties initially settled the cases for a cash payment, but that settlement was reversed on appeal and remanded to the United States District Court for the Eastern District of New York. The original class action was divided into two separate actions, one seeking primarily monetary relief and the other seeking primarily injunctive relief. In September 2018, the parties to the monetary class action finalized an agreement which amends and supersedes the prior settlement agreement. Pursuant to this settlement, the defendants collectively contributed an additional $900 million to the approximately $5.3 billion previously held in escrow from the original settlement. In December 2019, the amended settlement agreement was approved by the District Court. In March 2023, the United States Court of Appeals for the Second Circuit affirmed the District Court’s approval of the settlement, and that settlement is now final. Based on the percentage of merchants that opted out of the amended class settlement, $700 million has been returned to the defendants from the settlement escrow in accordance with the settlement agreement. The injunctive class action continues separately, and in September 2021, the District Court granted plaintiffs’ motion for class certification in part, and denied the motion in part. Of the merchants who opted out of the amended damages class settlement, certain merchants filed individual actions raising similar allegations against Visa and Mastercard, as well as against the Firm and other banks. While some of those actions remain pending, the defendants have reached settlements with the merchants who opted out representing approximately 65% of the combined Mastercard-branded and Visa-branded payment card sales volume. Jeffrey Epstein Litigation. JPMorgan Chase Bank, N.A. was named as a defendant in two lawsuits filed in the United States District Court for the Southern District of New York alleging that JPMorgan Chase Bank, N.A. knowingly facilitated Jeffrey Epstein’s sex trafficking and other unlawful conduct by providing banking services to Epstein until 2013. One case, which was filed in November 2022, was a putative class action filed by an alleged sex-trafficking victim of Epstein, and the other case, which was filed in December 2022, was brought on behalf of the government of the United States Virgin Islands. In March 2023, JPMorgan Chase Bank, N.A. filed third-party complaints impleading the Firm’s former employee, James Edward Staley, into the two lawsuits, asserting claims for indemnification, contribution, breach of fiduciary duty and violation of the faithless servant doctrine. In June 2023, the Court granted the putative class’s motion for class certification and granted a preliminary approval of a settlement between the class and JPMorgan Chase Bank, N.A., pursuant to which JPMorgan Chase Bank, N.A. paid $290 million to a fund for Epstein survivors. The final settlement approval hearing is scheduled for November 9, 2023, and in connection with the hearing, certain state Attorneys General have sought to object to the victims’ releases. In September 2023, JPMorgan Chase Bank, N.A. reached a settlement totaling $75 million with the government of the United States Virgin Islands and separately reached an agreement with Staley to resolve JPMorgan Chase Bank N.A.’s affirmative claims against him, the terms of which are confidential. LIBOR and Other Benchmark Rate Investigations and Litigation. JPMorgan Chase has responded to inquiries from various governmental agencies and entities around the world relating primarily to the British Bankers Association’s (“BBA”) London Interbank Offered Rate (“LIBOR”) for various currencies and the European Banking Federation’s Euro Interbank Offered Rate (“EURIBOR”). The Swiss Competition Commission’s investigation relating to EURIBOR, to which the Firm and one other bank remain subject, continues. In December 2016, the European Commission issued a decision against the Firm and other banks finding an infringement of European antitrust rules relating to EURIBOR. The Firm has filed an appeal of that decision with the European General Court, and that appeal is pending. In addition, the Firm has been named as a defendant along with other banks in various individual and putative class actions related to benchmark rates, including U.S. dollar LIBOR. In actions related to U.S. dollar LIBOR during the period that it was administered by the BBA, the Firm has obtained dismissal of certain actions and resolved certain other actions, and others are in various stages of litigation. The United States District Court for the Southern District of New York has granted class certification of antitrust claims related to bonds and interest rate swaps sold directly by the defendants, including the Firm. A consolidated putative class action related to the period that U.S. dollar LIBOR was administered by ICE Benchmark Administration has been dismissed. In addition, a lawsuit filed by a group of individual plaintiffs asserting antitrust claims, alleging that the Firm and other defendants were engaged in an unlawful agreement to set U.S. dollar LIBOR and conspired to monopolize the market for LIBOR-based consumer loans and credit cards was dismissed in October 2023. The Firm’s settlements of putative class actions related to the Singapore Interbank Offered Rate and the Singapore Swap Offer Rate, and the Australian Bank Bill Swap Reference Rate received final court approval in November 2022, and the settlement related to Swiss franc LIBOR received final court approval in September 2023. SEC Inquiries. The Firm is responding to requests from the SEC regarding aspects of certain advisory programs within J.P. Morgan Securities LLC, including aggregation of accounts for billing, discounting advisory fees, and selecting portfolio managers. Separately, the Firm is responding to requests from the SEC in connection with the timing of the Firm’s liquidation of shares distributed in-kind to certain investment vehicles that invest in third-party managed private funds. The Firm is cooperating with the SEC in regard to both inquires. Securities Lending Antitrust Litigation. JPMorgan Chase Bank, N.A., J.P. Morgan Securities LLC, J.P. Morgan Prime, Inc., and J.P. Morgan Strategic Securities Lending Corp. are named as defendants in a putative class action filed in the United States District Court for the Southern District of New York. The complaint asserts violations of federal antitrust law and New York State common law in connection with an alleged conspiracy to prevent the emergence of anonymous exchange trading for securities lending transactions. The settlement of this action by the parties has been preliminarily approved, and is subject to final court approval. Shareholder Litigation. Several shareholder putative class actions, as well as shareholder derivative actions purporting to act on behalf of the Firm, have been filed against the Firm, its Board of Directors and certain of its current and former officers. Certain of these shareholder suits relate to historical trading practices by former employees in the precious metals and U.S. treasuries markets and related conduct which were the subject of the Firm’s resolutions with the DOJ, CFTC and SEC in September 2020, and fiduciary activities that were separately the subject of a resolution between JPMorgan Chase Bank, N.A. and the OCC in November 2020. One of these shareholder derivative suits was filed in the Supreme Court of the State of New York in May 2022, asserting breach of fiduciary duty and unjust enrichment claims relating to the historical trading practices and related conduct and fiduciary activities which were the subject of the resolutions described above. In December 2022, the court granted defendants’ motion to dismiss this action in full, and in July 2023, the plaintiff filed an appeal, which remains pending. A second shareholder derivative action was filed in the United States District Court for the Eastern District of New York in December 2022 relating to the historical trading practices and related conduct, which asserts breach of fiduciary duty and contribution claims and alleges that the shareholder is excused from making a demand to commence litigation because such a demand would have been futile. Defendants have moved to dismiss the complaint. In addition, a consolidated putative class action is pending in the United States District Court for the Eastern District of New York on behalf of shareholders who acquired shares of JPMorgan Chase common stock during the putative class period, alleging that certain SEC filings of the Firm were materially false or misleading because they did not disclose certain information relating to the historical trading practices and conduct. Defendants have moved to dismiss the amended complaint in this action. A separate shareholder derivative suit was filed in March 2022 in the United States District Court for the Eastern District of New York asserting breaches of fiduciary duty and violations of federal securities laws based on the alleged failure of the Board of Directors to exercise adequate oversight over the Firm’s compliance with records preservation requirements which were the subject of resolutions between certain of the Firm’s subsidiaries and the SEC and the CFTC. Defendants’ motion to dismiss the amended complaint is pending. Two shareholder derivative suits were filed in May and June 2023, respectively, in the United States District Court for the Southern District of New York asserting breaches of fiduciary duty and unjust enrichment based on the alleged failure of the Board of Directors and James Dimon to exercise adequate oversight with respect to the Firm’s provision of banking services to Jeffrey Epstein. These actions allege that the shareholders are excused from making a demand to commence litigation because such a demand would have been futile. These actions were consolidated, and in August 2023, the Court dismissed the consolidated action. Trading Venues Investigations. The Firm has been responding to government inquiries regarding its processes to inventory trading venues and confirm the completeness of certain data fed to trade surveillance platforms. The Firm is cooperating with these inquiries, has undertaken corrective actions and is committed to taking appropriate steps to remedy the deficiencies identified. Certain U.S. regulators have proposed resolving their inquiries through, among other things, the payment of a civil money penalty. The Firm is currently engaged in resolution discussions with those U.S. regulators and is considering potential implications of those resolutions. There is no assurance that such discussions will result in a resolution. * * * In addition to the various legal proceedings discussed above, JPMorgan Chase and its subsidiaries are named as defendants or are otherwise involved in a substantial number of other legal proceedings. The Firm believes it has meritorious defenses to the claims asserted against it in its currently outstanding legal proceedings and it intends to defend itself vigorously. Additional legal proceedings may be initiated from time to time in the future. The Firm has established reserves for several hundred of its currently outstanding legal proceedings. In accordance with the provisions of U.S. GAAP for contingencies, the Firm accrues for a litigation-related liability when it is probable that such a liability has been incurred and the amount of the loss can be reasonably estimated. The Firm evaluates its outstanding legal proceedings each quarter to assess its litigation reserves, and makes adjustments in such reserves, upward or downward, as appropriate, based on management’s best judgment after consultation with counsel. The Firm’s legal expense was $665 million and $47 million for the three months ended September 30, 2023 and 2022, respectively. There is no assurance that the Firm’s litigation reserves will not need to be adjusted in the future. In view of the inherent difficulty of predicting the outcome of legal proceedings, particularly where the claimants seek very large or indeterminate damages, or where the matters present novel legal theories, involve a large number of parties or are in early stages of discovery, the Firm cannot state with confidence what will be the eventual outcomes of the currently pending matters, the timing of their ultimate resolution or the eventual losses, fines, penalties or consequences related to those matters. JPMorgan Chase believes, based upon its current knowledge and after consultation with counsel, consideration of the material legal proceedings described above and after taking into account its current litigation reserves and its estimated aggregate range of possible losses, that the other legal proceedings currently pending against it should not have a material adverse effect on the Firm’s consolidated financial condition. The Firm notes, however, that in light of the uncertainties involved in such proceedings, there is no assurance that the ultimate resolution of these matters will not significantly exceed the reserves it has currently accrued or that a matter will not have material reputational consequences. As a result, the outcome of a particular matter may be material to JPMorgan Chase’s operating results for a particular period, depending on, among other factors, the size of the loss or liability imposed and the level of JPMorgan Chase’s income for that period.

Cover	9 Months Ended
Cover	Sep. 30, 2023 shares
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2023
Entity File Number	1-5805
Entity Registrant Name	JPMorgan Chase & Co
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-2624428
Entity Address, Address Line One	383 Madison Avenue,
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10179
City Area Code	212
Local Phone Number	270-6000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	2,891,008,341
Entity Central Index Key	0000019617
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Common stock
Entity Information [Line Items]
Title of 12(b) Security	Common stock
Trading Symbol	JPM
Security Exchange Name	NYSE
Depositary Shares, each representing a one-four hundredth interest in a share of 5.75% Non-Cumulative Preferred Stock, Series DD
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a one-four hundredth interest in a share of 5.75% Non-Cumulative Preferred Stock, Series DD
Trading Symbol	JPM PR D
Security Exchange Name	NYSE
Depositary Shares, each representing a one-four hundredth interest in a share of 6.00% Non-Cumulative Preferred Stock, Series EE
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a one-four hundredth interest in a share of 6.00% Non-Cumulative Preferred Stock, Series EE
Trading Symbol	JPM PR C
Security Exchange Name	NYSE
Depositary Shares, each representing a one-four hundredth interest in a share of 4.75% Non-Cumulative Preferred Stock, Series GG
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a one-four hundredth interest in a share of 4.75% Non-Cumulative Preferred Stock, Series GG
Trading Symbol	JPM PR J
Security Exchange Name	NYSE
Depositary Shares, each representing a one-four hundredth interest in a share of 4.55% Non-Cumulative Preferred Stock, Series JJ
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a one-four hundredth interest in a share of 4.55% Non-Cumulative Preferred Stock, Series JJ
Trading Symbol	JPM PR K
Security Exchange Name	NYSE
Depositary Shares, each representing a one-four hundredth interest in a share of 4.625% Non-Cumulative Preferred Stock, Series LL
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a one-four hundredth interest in a share of 4.625% Non-Cumulative Preferred Stock, Series LL
Trading Symbol	JPM PR L
Security Exchange Name	NYSE
Depositary Shares, each representing a one-four hundredth interest in a share of 4.20% Non-Cumulative Preferred Stock, Series MM
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a one-four hundredth interest in a share of 4.20% Non-Cumulative Preferred Stock, Series MM
Trading Symbol	JPM PR M
Security Exchange Name	NYSE
Alerian MLP Index ETNs due May 24, 2024
Entity Information [Line Items]
Title of 12(b) Security	Alerian MLP Index ETNs due May 24, 2024
Trading Symbol	AMJ
Security Exchange Name	NYSEArca
Guarantee of Callable Fixed Rate Notes due June 10, 2032 of JPMorgan Chase Financial Company LLC
Entity Information [Line Items]
Title of 12(b) Security	Guarantee of Callable Fixed Rate Notes due June 10, 2032 of JPMorgan Chase Financial Company LLC
Trading Symbol	JPM/32
Security Exchange Name	NYSE

Long-term Debt (Details) - USD ($) $ in Millions	9 Months Ended
Long-term Debt (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Long-term debt carrying values by contractual maturity
Under 1 year	$ 45,283
1-5 years	199,793
After 5 years	117,717
Long-term debt	362,793	$ 295,865
Long Term Debt - Supplemental Information
Collateral used to secure Long-term debt	231,400	208,300
Zero-coupon notes	10,100	10,300
Zero-coupon notes - aggregate principal amount at maturity	46,100	$ 45,300
Redeemable long-term debt	189,000
Long term debt maturing in the 12-month period ended June 20, 2024	45,283
Long term debt maturing in the 12-month period ended June 20, 2025	52,000
Long term debt maturing in the 12-month period ended June 20, 2026	40,800
Long term debt maturing in the 12-month period ended June 20, 2027	31,600
Long term debt maturing in the 12-month period ended June 20, 2028	$ 75,400
Weighted-average contractual interest rates for long term debt	3.53%	3.26%
Modified weighted-average interest rates total long-term debt	5.15%	4.89%
Guarantee of Indebtedness of Others
Long Term Debt - Supplemental Information
Other guarantees and commitments, Carrying value	$ 36,900	$ 28,200
Beneficial interests issued by consolidated VIEs
Long-term debt carrying values by contractual maturity
Under 1 year	0
1-5 years	2,997
After 5 years	193
Long-term debt	$ 3,190	2,142
Under 1 year, Minimum	0.00%
1-5 years, Minimum	4.74%
After 5 years, Minimum	4.51%
Long Term Debt - Supplemental Information
Commercial paper and other short-term beneficial interests	$ 21,700	10,500
Long term debt maturing in the 12-month period ended June 20, 2024	0
Recurring
Long Term Debt - Supplemental Information
Long-term debt accounted for at fair value	78,357	72,281
Beneficial interests issued by consolidated VIEs	$ 66	$ 5
Average \| Beneficial interests issued by consolidated VIEs
Long-term debt carrying values by contractual maturity
Interest rate	4.73%	2.81%
Junior subordinated debt
Long-term debt carrying values by contractual maturity
Under 1 year	$ 0
1-5 years	420
After 5 years	1,333
Long-term debt	$ 1,753	$ 1,848
Under 1 year, Minimum	0.00%
1-5 years, Minimum	6.17%
After 5 years, Minimum	7.43%
Long Term Debt - Supplemental Information
Long term debt maturing in the 12-month period ended June 20, 2024	$ 0
Junior subordinated debt \| Average
Long-term debt carrying values by contractual maturity
Interest rate	7.13%	6.33%
Secured debt
Long Term Debt - Supplemental Information
Total long-term debt	$ 89,600	$ 13,800
Fixed rate \| Beneficial interests issued by consolidated VIEs
Long-term debt carrying values by contractual maturity
Under 1 year	0
1-5 years	2,997
After 5 years	0
Long-term debt	2,997	1,999
Long Term Debt - Supplemental Information
Long term debt maturing in the 12-month period ended June 20, 2024	0
Fixed rate \| Junior subordinated debt
Long-term debt carrying values by contractual maturity
Under 1 year	0
1-5 years	0
After 5 years	520
Long-term debt	520	550
Long Term Debt - Supplemental Information
Long term debt maturing in the 12-month period ended June 20, 2024	0
Variable rate \| Beneficial interests issued by consolidated VIEs
Long-term debt carrying values by contractual maturity
Under 1 year	0
1-5 years	0
After 5 years	193
Long-term debt	193	143
Long Term Debt - Supplemental Information
Long term debt maturing in the 12-month period ended June 20, 2024	0
Variable rate \| Junior subordinated debt
Long-term debt carrying values by contractual maturity
Under 1 year	0
1-5 years	420
After 5 years	813
Long-term debt	1,233	1,298
Long Term Debt - Supplemental Information
Long term debt maturing in the 12-month period ended June 20, 2024	0
Parent company
Long-term debt carrying values by contractual maturity
Under 1 year	9,783
1-5 years	96,110
After 5 years	105,079
Long-term debt	210,972	$ 225,773
Long Term Debt - Supplemental Information
Long term debt maturing in the 12-month period ended June 20, 2024	$ 9,783
Parent company \| Senior debt
Long-term debt carrying values by contractual maturity
Under 1 year, Minimum	2.31%
1-5 years, Minimum	2.88%
After 5 years, Minimum	3.58%
Parent company \| Senior debt \| Average
Long-term debt carrying values by contractual maturity
Interest rate	3.20%	3.06%
Parent company \| Subordinated debt
Long-term debt carrying values by contractual maturity
Under 1 year, Minimum	3.88%
1-5 years, Minimum	4.88%
After 5 years, Minimum	4.69%
Parent company \| Subordinated debt \| Average
Long-term debt carrying values by contractual maturity
Interest rate	4.62%	4.50%
Parent company \| Fixed rate \| Senior debt
Long-term debt carrying values by contractual maturity
Under 1 year	$ 6,646
1-5 years	84,124
After 5 years	94,485
Long-term debt	185,255	$ 194,515
Long Term Debt - Supplemental Information
Long term debt maturing in the 12-month period ended June 20, 2024	6,646
Parent company \| Fixed rate \| Subordinated debt
Long-term debt carrying values by contractual maturity
Under 1 year	2,967
1-5 years	5,843
After 5 years	8,634
Long-term debt	17,444	19,693
Long Term Debt - Supplemental Information
Long term debt maturing in the 12-month period ended June 20, 2024	2,967
Parent company \| Variable rate \| Senior debt
Long-term debt carrying values by contractual maturity
Under 1 year	170
1-5 years	6,143
After 5 years	1,960
Long-term debt	8,273	11,565
Long Term Debt - Supplemental Information
Long term debt maturing in the 12-month period ended June 20, 2024	170
Parent company \| Variable rate \| Subordinated debt
Long-term debt carrying values by contractual maturity
Under 1 year	0
1-5 years	0
After 5 years	0
Long-term debt	0	0
Long Term Debt - Supplemental Information
Long term debt maturing in the 12-month period ended June 20, 2024	0
Subsidiaries
Long-term debt carrying values by contractual maturity
Under 1 year	35,500
1-5 years	103,263
After 5 years	11,305
Long-term debt	150,068	$ 68,244
Long Term Debt - Supplemental Information
Long term debt maturing in the 12-month period ended June 20, 2024	$ 35,500
Subsidiaries \| Federal Home Loan Banks (“FHLB”) advances
Long-term debt carrying values by contractual maturity
Under 1 year, Minimum	4.75%
1-5 years, Minimum	4.69%
After 5 years, Minimum	6.06%
Subsidiaries \| Federal Home Loan Banks (“FHLB”) advances \| Average
Long-term debt carrying values by contractual maturity
Interest rate	4.72%	4.32%
Subsidiaries \| FDIC Purchase Money Note
Long-term debt carrying values by contractual maturity
Under 1 year, Minimum	0.00%
1-5 years, Minimum	3.40%
After 5 years, Minimum	0.00%
Subsidiaries \| FDIC Purchase Money Note \| Average
Long-term debt carrying values by contractual maturity
Interest rate	3.40%
Subsidiaries \| Senior debt
Long-term debt carrying values by contractual maturity
Under 1 year, Minimum	4.36%
1-5 years, Minimum	4.99%
After 5 years, Minimum	1.50%
Subsidiaries \| Senior debt \| Average
Long-term debt carrying values by contractual maturity
Interest rate	1.86%	2.02%
Subsidiaries \| Subordinated debt
Long-term debt carrying values by contractual maturity
Under 1 year, Minimum	0.00%
1-5 years, Minimum	8.25%
After 5 years, Minimum	0.00%
Subsidiaries \| Subordinated debt \| Average
Long-term debt carrying values by contractual maturity
Interest rate	8.25%	8.25%
Subsidiaries \| Fixed rate \| Federal Home Loan Banks (“FHLB”) advances
Long-term debt carrying values by contractual maturity
Under 1 year	$ 9,903
1-5 years	14,040
After 5 years	39
Long-term debt	23,982	$ 93
Long Term Debt - Supplemental Information
Long term debt maturing in the 12-month period ended June 20, 2024	9,903
Subsidiaries \| Fixed rate \| Federal Home Loan Banks (“FHLB”) advances \| First Republic
Long-term debt carrying values by contractual maturity
Long-term debt	23,900
Subsidiaries \| Fixed rate \| FDIC Purchase Money Note
Long-term debt carrying values by contractual maturity
Under 1 year	0
1-5 years	48,936
After 5 years	0
Long-term debt	48,936
Long Term Debt - Supplemental Information
Long term debt maturing in the 12-month period ended June 20, 2024	0
Subsidiaries \| Fixed rate \| Senior debt
Long-term debt carrying values by contractual maturity
Under 1 year	3,287
1-5 years	7,800
After 5 years	5,996
Long-term debt	17,083	15,383
Long Term Debt - Supplemental Information
Long term debt maturing in the 12-month period ended June 20, 2024	3,287
Subsidiaries \| Fixed rate \| Subordinated debt
Long-term debt carrying values by contractual maturity
Under 1 year	0
1-5 years	257
After 5 years	0
Long-term debt	257	262
Long Term Debt - Supplemental Information
Long term debt maturing in the 12-month period ended June 20, 2024	0
Subsidiaries \| Variable rate \| Federal Home Loan Banks (“FHLB”) advances
Long-term debt carrying values by contractual maturity
Under 1 year	3,900
1-5 years	10,000
After 5 years	0
Long-term debt	13,900	11,000
Long Term Debt - Supplemental Information
Long term debt maturing in the 12-month period ended June 20, 2024	3,900
Subsidiaries \| Variable rate \| Senior debt
Long-term debt carrying values by contractual maturity
Under 1 year	18,410
1-5 years	22,230
After 5 years	5,270
Long-term debt	45,910	41,506
Long Term Debt - Supplemental Information
Long term debt maturing in the 12-month period ended June 20, 2024	18,410
Subsidiaries \| Variable rate \| Subordinated debt
Long-term debt carrying values by contractual maturity
Under 1 year	0
1-5 years	0
After 5 years	0
Long-term debt	0	$ 0
Long Term Debt - Supplemental Information
Long term debt maturing in the 12-month period ended June 20, 2024	$ 0

Noninterest Revenue and Noninterest Expense - Investment Banking Fees (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Schedule of Noninterest revenue [Line Items]
Underwriting	$ 951	$ 849	$ 2,877	$ 3,006
Advisory	771	825	2,007	2,262
Total investment banking fees	1,722	1,674	4,884	5,268
Equity
Schedule of Noninterest revenue [Line Items]
Underwriting	274	271	824	743
Debt
Schedule of Noninterest revenue [Line Items]
Underwriting	$ 677	$ 578	$ 2,053	$ 2,263

Loans - Wholesale Loan Portfolio, Loans Secured by Real Estate (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 1,265,941	$ 1,089,598	$ 1,068,073
Wholesale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 671,952	$ 603,670	$ 596,208
% of criticized to total retained loans secured by real estate	3.07%	2.60%
% of criticized nonaccrual loans to total retained loans secured by real estate	0.43%	0.33%
Wholesale \| First Republic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 53,800
Wholesale \| Criticized nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	2,907	$ 1,963
Wholesale \| Secured by real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 161,877	$ 126,732
% of criticized to total retained loans secured by real estate	3.44%	3.08%
% of criticized nonaccrual loans to total retained loans secured by real estate	0.30%	0.19%
Wholesale \| Secured by real estate \| First Republic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 33,900
Wholesale \| Secured by real estate \| Criticized
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 5,561	$ 3,908
% of criticized to total retained loans secured by real estate	3.44%	3.08%
Wholesale \| Secured by real estate \| Criticized nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 490	$ 246
% of criticized nonaccrual loans to total retained loans secured by real estate	0.30%	0.19%
Wholesale \| Secured by real estate \| Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 100,839	$ 79,139
Wholesale \| Secured by real estate \| Multifamily \| First Republic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	20,700
Wholesale \| Secured by real estate \| Multifamily \| Criticized
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 2,329	$ 1,916
% of criticized to total retained loans secured by real estate	2.31%	2.42%
Wholesale \| Secured by real estate \| Multifamily \| Criticized nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 51	$ 51
% of criticized nonaccrual loans to total retained loans secured by real estate	0.05%	0.06%
Wholesale \| Secured by real estate \| Other commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 61,038	$ 47,593
Wholesale \| Secured by real estate \| Other commercial \| First Republic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	13,100
Wholesale \| Secured by real estate \| Other commercial \| Criticized
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 3,232	$ 1,992
% of criticized to total retained loans secured by real estate	5.30%	4.19%
Wholesale \| Secured by real estate \| Other commercial \| Criticized nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 439	$ 195
% of criticized nonaccrual loans to total retained loans secured by real estate	0.72%	0.41%

Goodwill and Mortgage Servicing Rights

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Mortgage Servicing Rights

Goodwill and Mortgage servicing rights

Refer to Note 15 of JPMorgan Chase’s 2022 Form 10-K for a discussion of the accounting policies related to goodwill and mortgage servicing rights.

Goodwill

Goodwill is recorded upon completion of a business combination as the difference between the purchase price and the fair value of the net assets acquired, and can be adjusted up to one year from the acquisition date as more information pertaining to facts and circumstances that existed as of the acquisition date is obtained about the fair value of assets acquired and liabilities assumed.

The following table presents goodwill attributed to the reportable business segments and Corporate.


(in millions)	September 30, 2023		December 31, 2022
Consumer & Community Banking	$	32,116	$	32,121
Corporate & Investment Bank	8,244		8,008
Commercial Banking	2,985		2,985
Asset & Wealth Management	8,492		7,902
Corporate	655		646
Total goodwill	$	52,492	$	51,662

The following table presents changes in the carrying amount of goodwill.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Balance at beginning of period	$	52,380	$	50,697	$	51,662	$	50,315
Changes during the period from:
Business combinations(a)	166		882		853		1,352
Other(b)	(54)		(118)		(23)		(206)
Balance at September 30,	$	52,492	$	51,461	$	52,492	$	51,461

(a)For the three months ended September 30, 2023, represents an adjustment to goodwill related to the acquisition of CIFM in AWM. For the nine months ended September 30, 2023, represents estimated goodwill associated with the acquisition of Aumni Inc. in CIB in the second quarter, and the acquisition of the remaining 51% interest in CIFM in AWM in the first quarter. For the three and nine months ended September 30, 2022, represents estimated goodwill associated with the acquisitions of Global Shares PLC in AWM and Figg, Inc. in CCB in the third quarter, and Frosch Travel Group, LLC in CCB and Volkswagen Payments S.A. in CIB in the second quarter.

(b)Predominantly foreign currency adjustments.

Goodwill impairment testing

Goodwill is tested for impairment during the fourth quarter of each fiscal year, or more often if events or circumstances, such as adverse changes in the business climate, indicate that there may be an impairment. Refer to Note 15 of JPMorgan Chase’s 2022 Form 10-K for a further discussion of the Firm’s goodwill impairment testing.

Unanticipated declines in business performance, increases in credit losses, increases in capital requirements, as well as deterioration in economic or market conditions, adverse regulatory or legislative changes or increases in the estimated market cost of equity, could cause the estimated fair values of the Firm’s reporting units to decline in the future, which could result in a material impairment charge to earnings in a future period related to some portion of the associated goodwill.

As of September 30, 2023, the Firm reviewed current economic conditions, estimated market cost of equity, as well as actual business results and projections of business performance. Based on such reviews, the Firm has concluded that goodwill was not impaired as of September 30, 2023, or December 31, 2022, nor was goodwill written off due to impairment during the nine months ended September 30, 2023 or 2022.

Mortgage servicing rights

MSRs represent the fair value of expected future cash flows for performing servicing activities for others. The fair value considers estimated future servicing fees and ancillary revenue, offset by estimated costs to service the loans, and generally declines over time as net servicing cash flows are received, effectively amortizing the MSR asset against contractual servicing and ancillary fee income. MSRs are either purchased from third parties or recognized upon sale or securitization of mortgage loans if servicing is retained. Refer to Notes 2 and 15 of JPMorgan Chase’s 2022 Form 10-K for a further description of the MSR asset, interest rate risk management, and the valuation of MSRs.

The following table summarizes MSR activity for the three and nine months ended September 30, 2023 and 2022.


	As of or for the three months ended September 30,				As of or for the nine months ended September 30,
(in millions, except where otherwise noted)	2023		2022		2023		2022
Fair value at beginning of period	$	8,229	$	7,439	$	7,973	$	5,494
MSR activity:
Originations of MSRs	81		140		191		736
Purchase of MSRs(a)	569		370		1,036		1,245
Disposition of MSRs(b)	(101)		(79)		(191)		(750)
Net additions/(dispositions)	549		431		1,036		1,231
Changes due to collection/realization of expected cash flows	(265)		(234)		(760)		(702)
Changes in valuation due to inputs and assumptions:
Changes due to market interest rates and other(c)	555		465		816		2,012
Changes in valuation due to other inputs and assumptions:
Projected cash flows (e.g., cost to service)	(26)		36		(24)		36
Discount rates	14		—		14		—
Prepayment model changes and other(d)	53		3		54		69
Total changes in valuation due to other inputs and assumptions	41		39		44		105
Total changes in valuation due to inputs and assumptions	596		504		860		2,117
Fair value at September 30,	$	9,109	$	8,140	$	9,109	$	8,140
Changes in unrealized gains/(losses) included in income related to MSRs held at September 30,	$	596	$	504	$	860	$	2,117
Contractual service fees, late fees and other ancillary fees included in income	409		391		1,185		1,156
Third-party mortgage loans serviced at September 30, (in billions)	639		587		639		587
Servicer advances, net of an allowance for uncollectible amounts, at September 30(e)	557		786		557		786

(a)Includes purchase price adjustments associated with MSRs purchased in the prior quarter, primarily as a result of loans that prepaid within 90 days of settlement, allowing the Firm to recover the purchase price.

(b)Includes excess MSRs transferred to agency-sponsored trusts in exchange for stripped mortgage-backed securities (“SMBS”). In each transaction, a portion of the SMBS was acquired by third parties at the transaction date; the Firm acquired the remaining balance of those SMBS as trading securities.

(c)Represents both the impact of changes in estimated future prepayments due to changes in market interest rates, and the difference between actual and expected prepayments.

(d)Represents changes in prepayments other than those attributable to changes in market interest rates.

(e)Represents amounts the Firm pays as the servicer (e.g., scheduled principal and interest, taxes and insurance), which will generally be reimbursed within a short period of time after the advance from future cash flows from the trust or the underlying loans. The Firm’s credit risk associated with these servicer advances is minimal because reimbursement of the advances is typically senior to all cash payments to investors. In addition, the Firm maintains the right to stop payment to investors if the collateral is insufficient to cover the advance. However, certain of these servicer advances may not be recoverable if they were not made in accordance with applicable rules and agreements.

The following table presents the components of mortgage fees and related income (including the impact of MSR risk management activities) for the three and nine months ended September 30, 2023 and 2022.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
CCB mortgage fees and related income
Production revenue	$	162	$	93	$	339	$	454

Net mortgage servicing revenue:
Operating revenue:
Loan servicing revenue	409		400		1,211		1,203
Changes in MSR asset fair value due to collection/realization of expected cash flows	(265)		(234)		(760)		(702)
Total operating revenue	144		166		451		501
Risk management:
Changes in MSR asset fair value due to market interest rates and other(a)	555		465		816		2,012
Other changes in MSR asset fair value due to other inputs and assumptions in model(b)	41		39		44		105
Changes in derivative fair value and other	(485)		(450)		(736)		(1,926)
Total risk management	111		54		124		191
Total net mortgage servicing revenue	255		220		575		692
Total CCB mortgage fees and related income	417		313		914		1,146
All other	(3)		1		(1)		6
Mortgage fees and related income	$	414	$	314	$	913	$	1,152

(a)Represents both the impact of changes in estimated future prepayments due to changes in market interest rates, and the difference between actual and expected prepayments.

(b)Represents the aggregate impact of changes in model inputs and assumptions such as projected cash flows (e.g., cost to service), discount rates and changes in prepayments other than those attributable to changes in market interest rates (e.g., changes in prepayments due to changes in home prices).

Changes in fair value based on variations in assumptions generally cannot be easily extrapolated, because the relationship of the change in the assumptions to the change in fair value are often highly interrelated and may not be linear. In the following table, the effect that a change in a particular assumption may have on the fair value is calculated without changing any other assumption. In reality, changes in one factor may result in changes in another, which would either magnify or counteract the impact of the initial change.

The table below outlines the key economic assumptions used to determine the fair value of the Firm’s MSRs at September 30, 2023 and December 31, 2022, and outlines hypothetical sensitivities of those fair values to immediate adverse changes in those assumptions, as defined below.


(in millions, except rates)	Sep 30, 2023			Dec 31, 2022
Weighted-average prepayment speed assumption (constant prepayment rate)	5.80		%	6.12		%
Impact on fair value of 10% adverse change	$	(198)		$	(183)
Impact on fair value of 20% adverse change	(387)			(356)
Weighted-average option adjusted spread(a)	5.85		%	5.77		%
Impact on fair value of a 100 basis point adverse change	$	(394)		$	(341)
Impact on fair value of a 200 basis point adverse change	(758)			(655)

(a)Includes the impact of operational risk and regulatory capital.

Insider Trading Arrangements

3 Months Ended

9 Months Ended

Sep. 30, 2023

Trading Arrangements, by Individual

Material Terms of Trading Arrangement

Director and executive officer trading arrangements

The following table provides information concerning Rule 10b5-1 trading arrangements (as defined in Item 408 of Regulation S-K under the Securities Exchange Act of 1934) adopted in the third quarter of 2023 by any director or any executive officer who is subject to the filing requirements of Section 16 of the Securities Exchange Act of 1934. These trading arrangements are intended to satisfy the affirmative defense of Rule 10b5-1(c). Certain of the Firm's directors and executive officers may participate in employee stock purchase plans, 401(k) plans or dividend reinvestment plans of the Firm that have been designed to comply with Rule 10b5-1(c). No non-Rule 10b5-1 trading arrangements (as defined in Item 408 of Regulation S-K under the Securities Exchange Act of 1934) were adopted by any director or executive officer during the third quarter of 2023. Additionally, no Rule 10b5-1 or non-Rule 10b5-1 trading arrangements were terminated by any director or executive officer in the third quarter of 2023.

Name

Title

Adoption date

Duration(b)

Aggregate number of shares to be sold(c)

Ashley Bacon

Chief Risk Officer

August 4, 2023

August 4, 2023 – March 28, 2024

50% of the net issued shares received as a result of restricted stock units (“RSUs”) vesting on January 13, 2024.

Mary Erdoes

CEO, AWM

August 8, 2023

August 8, 2023 – March 28, 2024

50% of the net issued shares received as a result of RSUs vesting on January 13, 2024.

Marianne Lake(a)

Co-CEO, CCB

August 4, 2023

August 4, 2023 – March 28, 2024

50% of the net issued shares received as a result of RSUs vesting on January 13, 2024; 100% of the shares unsold from Ms. Lake's existing plan expiring on December 29, 2023 as disclosed in the Firm’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023.

Doug Petno

CEO, CB

August 9, 2023

August 9, 2023 – March 28, 2024

50% of the net issued shares received as a result of RSUs vesting on January 13, 2024.

Jennifer Piepszak

Co-CEO, CCB

August 8, 2023

August 8, 2023 – March 28, 2024

25% of the net issued shares received as a result of RSUs vesting on January 13, 2024.

Peter Scher

Vice Chairman

August 8, 2023

August 8, 2023 – March 28, 2024

50% of the net issued shares received as a result of RSUs vesting on January 13, 2024.

(a)Transaction by trusts of which Ms. Lake is a trustee and beneficiary.

(b)Subject to compliance with Rule 10b5-1, duration could cease earlier than the final date shown above to the extent that the aggregate number of shares to be sold under the trading arrangement have been sold.

(c)The aggregate number of shares to be sold pursuant to each trading arrangement is dependent on the terms and conditions of, and taxes on, the applicable RSUs, and therefore, is indeterminable at this time.

Non-Rule 10b5-1 Arrangement Adopted

false

Rule 10b5-1 Arrangement Terminated

false

Non-Rule 10b5-1 Arrangement Terminated

false

Ashley Bacon [Member]

Trading Arrangements, by Individual

Name

Ashley Bacon

Title

Chief Risk Officer

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

August 4, 2023

Arrangement Duration

237 days

Mary Erdoes [Member]

Trading Arrangements, by Individual

Name

Mary Erdoes

Title

CEO, AWM

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

August 8, 2023

Arrangement Duration

233 days

Marianne Lake [Member]

Trading Arrangements, by Individual

Name

Marianne Lake(a)

Title

Co-CEO, CCB

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

August 4, 2023

Arrangement Duration

237 days

Doug Petno [Member]

Trading Arrangements, by Individual

Name

Doug Petno

Title

CEO, CB

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

August 9, 2023

Arrangement Duration

232 days

Jennifer Piepszak [Member]

Trading Arrangements, by Individual

Name

Jennifer Piepszak

Title

Co-CEO, CCB

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

August 8, 2023

Arrangement Duration

233 days

Peter Scher [Member]

Trading Arrangements, by Individual

Name

Peter Scher

Title

Vice Chairman

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

August 8, 2023

Arrangement Duration

233 days

Loans - Credit Card Loan Portfolio, Other Credit Quality Indicators (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 1,265,941	$ 1,089,598	$ 1,068,073
Credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 196,935	$ 185,175
Percentage of portfolio based on carrying value with estimated refreshed FICO scores, Equal to or greater than 660	85.80%	86.80%
Percentage of portfolio based on carrying value with estimated refreshed FICO scores, Less than 660	14.00%	13.00%
Percentage of portfolio based on carrying value with estimated refreshed FICO scores, No FICO available	0.20%	0.20%
Credit card \| California
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 30,227	$ 28,154
Credit card \| Texas
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	20,654	19,171
Credit card \| New York
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	15,996	15,046
Credit card \| Florida
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	13,957	12,905
Credit card \| Illinois
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	10,721	10,089
Credit card \| New Jersey
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	8,148	7,643
Credit card \| Colorado
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	5,989	5,493
Credit card \| Ohio
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	5,987	5,792
Credit card \| Pennsylvania
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	5,653	5,517
Credit card \| Arizona
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	4,828	4,487
Credit card \| All other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 74,775	$ 70,878

Fair Value Option - Aggregate Differences (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Long-term beneficial interests
Performing loans, ninety days or more past due	$ 0	$ 0
Lending-related commitments, fair value option elected
Long-term beneficial interests
Contractual amount of lending-related commitments	13,000,000,000	7,600,000,000
Contractual lending-related commitments, fair value	247,000,000	24,000,000
Contractual principal outstanding
Loans
Nonaccrual loans	3,955,000,000	3,484,000,000
All other performing loans	48,221,000,000	50,411,000,000
Total loans	52,247,000,000	54,019,000,000
Contractual principal outstanding \| Principal-protected debt
Long-term debt
Total long-term debt	45,221,000,000	41,341,000,000
Contractual principal outstanding \| Loans reported as trading assets
Loans
Nonaccrual loans	3,080,000,000	2,517,000,000
All other performing loans	9,009,000,000	7,823,000,000
Contractual principal outstanding \| Loans
Loans
Nonaccrual loans	875,000,000	967,000,000
90 or more days past due and government guaranteed	71,000,000	124,000,000
All other performing loans	39,212,000,000	42,588,000,000
Fair value
Loans
Nonaccrual loans	1,322,000,000	1,197,000,000
All other performing loans	45,567,000,000	47,270,000,000
Total loans	46,954,000,000	48,582,000,000
Long-term debt
Total long-term debt	78,357,000,000	72,281,000,000
Long-term beneficial interests
Total long-term beneficial interests	66,000,000	5,000,000
Fair value \| Principal-protected debt
Long-term debt
Total long-term debt	34,331,000,000	31,105,000,000
Fair value \| Nonprincipal-protected debt
Long-term debt
Total long-term debt	44,026,000,000	41,176,000,000
Long-term beneficial interests
Total long-term beneficial interests	66,000,000	5,000,000
Fair value \| Loans reported as trading assets
Loans
Nonaccrual loans	572,000,000	368,000,000
All other performing loans	7,574,000,000	6,135,000,000
Fair value \| Loans
Loans
Nonaccrual loans	750,000,000	829,000,000
90 or more days past due and government guaranteed	65,000,000	115,000,000
All other performing loans	37,993,000,000	41,135,000,000
Fair value over/(under) contractual principal outstanding
Loans
Nonaccrual loans, Fair value over/(under) contractual principal outstanding	(2,633,000,000)	(2,287,000,000)
All other performing loans	(2,654,000,000)	(3,141,000,000)
Total loans	(5,293,000,000)	(5,437,000,000)
Fair value over/(under) contractual principal outstanding \| Principal-protected debt
Long-term debt
Long-term debt, Fair value over/(under) contractual principal outstanding	(10,890,000,000)	(10,236,000,000)
Fair value over/(under) contractual principal outstanding \| Loans reported as trading assets
Loans
Nonaccrual loans, Fair value over/(under) contractual principal outstanding	(2,508,000,000)	(2,149,000,000)
All other performing loans	(1,435,000,000)	(1,688,000,000)
Fair value over/(under) contractual principal outstanding \| Loans
Loans
Nonaccrual loans, Fair value over/(under) contractual principal outstanding	(125,000,000)	(138,000,000)
90 or more days past due and government guaranteed, Fair value over/(under) contractual principal outstanding	(6,000,000)	(9,000,000)
All other performing loans	$ (1,219,000,000)	$ (1,453,000,000)

Variable Interest Entities - Securitization Activity (Details) - Nonconsolidated entities - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Residential mortgage
Securitization activity
Principal securitized	$ 2,721	$ 386	$ 6,010	$ 9,909
All cash flows during the period:
Proceeds received from loan sales as financial instruments	2,585	375	5,738	9,504
Servicing fees collected	6	12	18	56
Cash flows received on interests	89	131	249	413
Commercial and other
Securitization activity
Principal securitized	2,737	1,297	3,113	8,355
All cash flows during the period:
Proceeds received from loan sales as financial instruments	2,726	1,278	3,106	8,253
Servicing fees collected	2	0	3	0
Cash flows received on interests	$ 126	$ 71	$ 304	$ 196

Basis of Presentation (Details) - USD ($) $ in Millions	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease to allowance for credit losses	$ (21,946)		$ (19,726)	$ (18,185)		$ (16,386)
Increase to retained earnings	317,371		292,332	288,018
Retained earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase to retained earnings	$ 327,044	$ 317,359	296,456	$ 288,776	$ 282,445	$ 272,268
Cumulative effect of change in accounting principles \| Accounting Standards Update 2022-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease to allowance for credit losses			587
Cumulative effect of change in accounting principles \| Retained earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase to retained earnings			449
Cumulative effect of change in accounting principles \| Retained earnings \| Accounting Standards Update 2022-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase to retained earnings			$ 446

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 50
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147477123/405-50-65-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 13
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482477/820-10-65-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482477/820-10-65-13

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-5

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-5

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-5

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479654/326-10-65-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (h)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480528/815-20-65-6

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
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-Section S99
-Paragraph 2
-Subparagraph (SX 210.6-05(4))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479617/946-210-S99-2

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(4)(b))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(6))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
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-Section S99
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Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
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Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef
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-URI https://asc.fasb.org//1943274/2147480418/310-10-S99-2

+ Details

Securities Financing Activities - Types of Financial Assets Pledged and Remaining Maturity (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	$ 467,094	$ 480,793
Securities loaned and other	49,530	52,443
Overnight and continuous
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	248,186	205,235
Securities loaned and other	45,346	50,138
Up to 30 days
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	105,278	170,696
Securities loaned and other	20	1,285
30 – 90 days
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	34,859	37,120
Securities loaned and other	1	3
Greater than 90 days
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	78,771	67,742
Securities loaned and other	4,163	1,017
Mortgage-backed securities, U.S. GSEs and government agencies
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	75,190	58,050
Securities loaned and other	0	0
Mortgage-backed securities, Residential - nonagency
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	1,979	2,414
Securities loaned and other	0	0
Mortgage-backed securities, Commercial - nonagency
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	2,387	2,007
Securities loaned and other	0	0
U.S. Treasury, GSEs and government agencies
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	199,410	191,254
Securities loaned and other	715	1,464
Obligations of U.S. states and municipalities
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	1,777	1,735
Securities loaned and other	0	5
Non-U.S. government debt
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	115,837	155,156
Securities loaned and other	2,276	1,259
Corporate debt securities
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	39,542	37,121
Securities loaned and other	991	461
Asset-backed securities
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	3,155	2,981
Securities loaned and other	0	0
Equity securities
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	27,817	30,075
Securities loaned and other	$ 45,548	$ 49,254

Derivative Instruments - Impact on Statements of Income, Fair Value Hedges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Gains/(losses) recorded in income
Derivatives	$ 1,540	$ 1,009	$ 1,855	$ (13,748)
Hedged items	(1,305)	(1,091)	(1,191)	13,386
Income statement impact	235	(82)	664	(362)
Income statement impact of excluded components
Amortization approach	(145)	(170)	(474)	(350)
Changes in fair value	259	(28)	620	(273)
OCI impact
Derivatives - Gains/(losses) recorded in OCI	(7)	50	(20)	262
Interest rate
Gains/(losses) recorded in income
Derivatives	620	(2,947)	1,641	(14,484)
Hedged items	(577)	2,819	(1,516)	14,167
Income statement impact	43	(128)	125	(317)
Income statement impact of excluded components
Amortization approach	0	0	0	0
Changes in fair value	61	(93)	75	(238)
OCI impact
Derivatives - Gains/(losses) recorded in OCI	0	0	0	0
Foreign exchange
Gains/(losses) recorded in income
Derivatives	(18)	(1,044)	394	(2,552)
Hedged items	71	1,082	(211)	2,600
Income statement impact	53	38	183	48
Income statement impact of excluded components
Amortization approach	(145)	(170)	(474)	(350)
Changes in fair value	53	39	183	49
OCI impact
Derivatives - Gains/(losses) recorded in OCI	(7)	50	(20)	262
Commodity
Gains/(losses) recorded in income
Derivatives	938	5,000	(180)	3,288
Hedged items	(799)	(4,992)	536	(3,381)
Income statement impact	139	8	356	(93)
Income statement impact of excluded components
Amortization approach	0	0	0	0
Changes in fair value	145	26	362	(84)
OCI impact
Derivatives - Gains/(losses) recorded in OCI	$ 0	$ 0	$ 0	$ 0

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Basic earnings per share
Net income	$ 13,151	$ 9,737	$ 40,245	$ 26,668
Less: Preferred stock dividends	386	432	1,115	1,239
Net income applicable to common equity	12,765	9,305	39,130	25,429
Less: Dividends and undistributed earnings allocated to participating securities	80	50	241	134
Net income applicable to common stockholders	$ 12,685	$ 9,255	$ 38,889	$ 25,295
Total weighted-average basic shares outstanding (in shares)	2,927.5	2,961.2	2,946.6	2,966.8
Net income per share (in dollars per share)	$ 4.33	$ 3.13	$ 13.20	$ 8.53
Diluted earnings per share
Net income applicable to common stockholders	$ 12,685	$ 9,255	$ 38,889	$ 25,295
Total weighted-average basic shares outstanding (in shares)	2,927.5	2,961.2	2,946.6	2,966.8
Add: Dilutive impact of unvested PSUs, nondividend-earning RSUs and SARs (in shares)	4.6	4.2	4.4	4.1
Total weighted-average diluted shares outstanding (in shares)	2,932.1	2,965.4	2,951.0	2,970.9
Net income per share (in dollars per share)	$ 4.33	$ 3.12	$ 13.18	$ 8.51

Deposits - Noninterest and Interest-bearing (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
U.S. offices
Noninterest-bearing (included $61,684 and $26,363 at fair value)	$ 651,240	$ 644,902
Interest-bearing (included $560 and $586 at fair value)	1,295,609	1,276,346
Total deposits in U.S. offices	1,946,849	1,921,248
Non-U.S. offices
Noninterest-bearing (included $1,409 and $1,398 at fair value)	22,410	27,005
Interest-bearing (included $1,353 and $273 at fair value)	410,267	391,926
Total deposits in non-U.S. offices	432,677	418,931
Total deposits	2,379,526	2,340,179
Fair value
U.S. offices
Noninterest-bearing (included $61,684 and $26,363 at fair value)	61,684	26,363
Interest-bearing, fair value	560	586
Non-U.S. offices
Noninterest-bearing (included $1,409 and $1,398 at fair value)	1,409	1,398
Interest-bearing, fair value	$ 1,353	$ 273

Loans - Credit Card Loan Portfolio, Loan Modifications, Narrative (Details) - Credit card $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) loan_payment	Sep. 30, 2022 USD ($)
Financing Receivable, Modified [Line Items]
Fixed payment plan period			60 months
Loans subject to a trial modification	$ 29		$ 29
FDM's that re-defaulted	$ 18	$ 9	$ 24	$ 26
Number of payments past due considered payment default for modified loans \| loan_payment			2

Goodwill and Mortgage Servicing Rights - by Business Segment and Corporate (Details) - USD ($) $ in Millions	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Goodwill [Line Items]
Total goodwill	$ 52,492	$ 52,380	$ 51,662	$ 51,461	$ 50,697	$ 50,315
Corporate
Goodwill [Line Items]
Total goodwill	655		646
Consumer & Community Banking \| Operating Segments
Goodwill [Line Items]
Total goodwill	32,116		32,121
Corporate & Investment Bank \| Operating Segments
Goodwill [Line Items]
Total goodwill	8,244		8,008
Commercial Banking \| Operating Segments
Goodwill [Line Items]
Total goodwill	2,985		2,985
Asset & Wealth Management \| Operating Segments
Goodwill [Line Items]
Total goodwill	$ 8,492		$ 7,902

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Accumulated Other Comprehensive Income/(Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Unrealized gains/(losses) on investment securities:
Net change, Pre-tax	$ (3,214)	$ (5,531)	$ 496	$ (23,366)
Net change, Tax effect	400	766	(259)	4,316
Total other comprehensive income/(loss), after–tax	(2,814)	(4,765)	237	(19,050)
Decrease in pre-tax AOCI as a result of pension settlement				1,400
Unrealized gains/(losses) on investment securities
Unrealized gains/(losses) on investment securities:
Net unrealized gains/(losses) arising during the period/Translation, Pre-tax	(3,234)	(3,785)	(1,097)	(19,443)
Net unrealized gains/(losses) arising during the period/Translation, Tax effect	775	912	264	4,670
Net unrealized gains/(losses) arising during the period/Translation, After-tax	(2,459)	(2,873)	(833)	(14,773)
Reclassification adjustment for realized (gains)/losses included in net income, Pre-tax	669	959	2,437	1,506
Reclassification adjustment for realized (gains)/losses included in net income, Tax effect	(160)	(231)	(585)	(362)
Reclassification adjustment for realized (gains)/losses included in net income, After-tax	509	728	1,852	1,144
Net change, Pre-tax	(2,565)	(2,826)	1,340	(17,937)
Net change, Tax effect	615	681	(321)	4,308
Total other comprehensive income/(loss), after–tax	(1,950)	(2,145)	1,019	(13,629)
Translation adjustments
Unrealized gains/(losses) on investment securities:
Net unrealized gains/(losses) arising during the period/Translation, Pre-tax	(1,608)	(3,017)	(509)	(6,908)
Net unrealized gains/(losses) arising during the period/Translation, Tax effect	18	164	(13)	381
Net unrealized gains/(losses) arising during the period/Translation, After-tax	(1,590)	(2,853)	(522)	(6,527)
Reclassification adjustment for realized (gains)/losses included in net income, Pre-tax	1,647	2,992	596	6,854
Reclassification adjustment for realized (gains)/losses included in net income, Tax effect	(397)	(720)	(147)	(1,649)
Reclassification adjustment for realized (gains)/losses included in net income, After-tax	1,250	2,272	449	5,205
Net change, Pre-tax	39	(25)	87	(54)
Net change, Tax effect	(379)	(556)	(160)	(1,268)
Total other comprehensive income/(loss), after–tax	(340)	(581)	(73)	(1,322)
Reclassification of pre-tax loss related to net investment hedges	0		(38)	0
Translation adjustments \| Other Income
Unrealized gains/(losses) on investment securities:
Reclassification of pre-tax loss related to liquidation of legal entity	0		(4)	0
Reclassification of pre-tax loss related to net investment hedges	0		(38)	0
Fair value hedges, net change
Unrealized gains/(losses) on investment securities:
Net change, Pre-tax	(7)	50	(20)	262
Net change, Tax effect	2	(12)	5	(63)
Total other comprehensive income/(loss), after–tax	(5)	38	(15)	199
Cash flow hedges
Unrealized gains/(losses) on investment securities:
Net unrealized gains/(losses) arising during the period/Translation, Pre-tax	(1,209)	(2,511)	(1,761)	(7,697)
Net unrealized gains/(losses) arising during the period/Translation, Tax effect	290	602	422	1,847
Net unrealized gains/(losses) arising during the period/Translation, After-tax	(919)	(1,909)	(1,339)	(5,850)
Reclassification adjustment for realized (gains)/losses included in net income, Pre-tax	443	278	1,391	17
Reclassification adjustment for realized (gains)/losses included in net income, Tax effect	(107)	(67)	(334)	(4)
Reclassification adjustment for realized (gains)/losses included in net income, After-tax	336	211	1,057	13
Net change, Pre-tax	(766)	(2,233)	(370)	(7,680)
Net change, Tax effect	183	535	88	1,843
Total other comprehensive income/(loss), after–tax	(583)	(1,698)	(282)	(5,837)
Defined benefit pension and OPEB plans, net change
Unrealized gains/(losses) on investment securities:
Net change, Pre-tax	(26)	(1,320)	(105)	(1,197)
Net change, Tax effect	5	316	23	280
Total other comprehensive income/(loss), after–tax	(21)	(1,004)	(82)	(917)
DVA on fair value option elected liabilities, net change
Unrealized gains/(losses) on investment securities:
Net change, Pre-tax	111	823	(436)	3,240
Net change, Tax effect	(26)	(198)	106	(784)
Total other comprehensive income/(loss), after–tax	$ 85	$ 625	$ (330)	$ 2,456

Allowance for Credit Losses - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Decrease to allowance for credit losses	$ (21,946)		$ (19,726)	$ (18,185)		$ (16,386)
Increase to retained earnings	317,371		292,332	288,018
Allowance for credit losses	24,200
Net addition (reduction) to the allowance for credit losses	2,500
First Republic
Financing Receivable, Allowance for Credit Loss [Line Items]
Net addition (reduction) to the allowance for credit losses	1,200
Wholesale and Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Net addition (reduction) to the allowance for credit losses	1,400
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Net addition (reduction) to the allowance for credit losses	707
Consumer \| Card Services
Financing Receivable, Allowance for Credit Loss [Line Items]
Net addition (reduction) to the allowance for credit losses	801
Consumer \| Home Lending
Financing Receivable, Allowance for Credit Loss [Line Items]
Net addition (reduction) to the allowance for credit losses	(200)
Wholesale
Financing Receivable, Allowance for Credit Loss [Line Items]
Decrease to allowance for credit losses	(8,192)		(6,486)	(5,966)		(4,371)
Net addition (reduction) to the allowance for credit losses	623
Retained earnings
Financing Receivable, Allowance for Credit Loss [Line Items]
Increase to retained earnings	$ 327,044	$ 317,359	296,456	$ 288,776	$ 282,445	$ 272,268
Cumulative effect of change in accounting principles \| Retained earnings
Financing Receivable, Allowance for Credit Loss [Line Items]
Increase to retained earnings			449
Cumulative effect of change in accounting principles \| Accounting Standards Update 2022-02
Financing Receivable, Allowance for Credit Loss [Line Items]
Decrease to allowance for credit losses			587
Cumulative effect of change in accounting principles \| Accounting Standards Update 2022-02 \| Wholesale
Financing Receivable, Allowance for Credit Loss [Line Items]
Decrease to allowance for credit losses			(2)
Cumulative effect of change in accounting principles \| Accounting Standards Update 2022-02 \| Retained earnings
Financing Receivable, Allowance for Credit Loss [Line Items]
Increase to retained earnings			$ 446

Employee Share-based Incentives

9 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

Employee Share-based Incentives

Employee share-based incentives

Refer to Note 9 of JPMorgan Chase’s 2022 Form 10-K for a discussion of the accounting policies and other information relating to employee share-based incentives.

The Firm recognized the following noncash compensation expense related to its various employee share-based incentive plans in its Consolidated statements of income.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Cost of prior grants of restricted stock units (“RSUs”), performance share units (“PSUs”) and stock appreciation rights (“SARs”) that are amortized over their applicable vesting periods	$	363	$	292	$	1,169	$	941
Accrual of estimated costs of share-based awards to be granted in future periods, predominantly those to full-career eligible employees	419		392		1,317		1,368
Total noncash compensation expense related to employee share-based incentive plans	$	782	$	684	$	2,486	$	2,309

In the first quarter of 2023, in connection with its annual incentive grant for the 2022 performance year, the Firm granted 20 million RSUs and 801 thousand PSUs with weighted-average grant date fair values of $138.57 per RSU and $139.81 per PSU.

Regulatory Capital (Tables)

9 Months Ended

Sep. 30, 2023

Banking Regulation [Abstract]

Reconciliation of the Firm's regulatory capital, assets and risk-based capital ratios


	Standardized capital ratio requirements				Advanced capital ratio requirements				Well-capitalized ratios
	BHC(a)(b)		IDI(c)		BHC(a)(b)		IDI(c)		BHC(d)		IDI(e)
Risk-based capital ratios
CET1 capital	12.5	%	7.0	%	11.0	%	7.0	%	NA		6.5	%
Tier 1 capital	14.0		8.5		12.5		8.5		6.0	%	8.0
Total capital	16.0		10.5		14.5		10.5		10.0		10.0

Note: The table above is as defined by the regulations issued by the Federal Reserve, OCC and FDIC and to which the Firm and its IDI subsidiaries are subject.

(d)Represents requirements for bank holding companies pursuant to regulations issued by the Federal Reserve.

(e)Represents requirements for IDI subsidiaries pursuant to regulations issued under the FDIC Improvement Act.


	Capital ratio requirements(a)				Well-capitalized ratios
	BHC		IDI		BHC(b)	IDI
Leverage-based capital ratios
Tier 1 leverage	4.0	%	4.0	%	NA	5.0	%
SLR	5.0		6.0		NA	6.0

Note: The table above is as defined by the regulations issued by the Federal Reserve, OCC and FDIC and to which the Firm and its IDI subsidiaries are subject.

(a)Represents minimum SLR requirement of 3.0%, as well as supplementary leverage buffer requirements of 2.0% and 3.0% for BHC and IDI subsidiaries, respectively.

(b)The Federal Reserve's regulations do not establish well-capitalized thresholds for these measures for BHCs.


September 30, 2023 (in millions, except ratios)	Basel III Standardized						Basel III Advanced
	JPMorgan Chase & Co.			JPMorgan Chase Bank, N.A.			JPMorgan Chase & Co.				JPMorgan Chase Bank, N.A.
Risk-based capital metrics:(a)
CET1 capital	$	241,825		$	282,480		$	241,825			$	282,480
Tier 1 capital	268,579			282,482			268,579				282,482
Total capital	300,859			302,050			287,560			(b)	288,983


Risk-weighted assets	1,692,219			1,636,819			1,671,593			(b)	1,527,444



CET1 capital ratio	14.3		%	17.3		%	14.5		%		18.5		%
Tier 1 capital ratio	15.9			17.3			16.1				18.5
Total capital ratio	17.8			18.5			17.2				18.9


December 31, 2022 (in millions, except ratios)	Basel III Standardized						Basel III Advanced
	JPMorgan Chase & Co.			JPMorgan Chase Bank, N.A.			JPMorgan Chase & Co.			JPMorgan Chase Bank, N.A.
Risk-based capital metrics:(a)
CET1 capital	$	218,934		$	269,668		$	218,934		$	269,668
Tier 1 capital	245,631			269,672			245,631			269,672
Total capital	277,769			288,433			264,583			275,255


Risk-weighted assets	1,653,538			1,597,072			1,609,773			1,475,602



CET1 capital ratio	13.2		%	16.9		%	13.6		%	18.3		%
Tier 1 capital ratio	14.9			16.9			15.3			18.3
Total capital ratio	16.8			18.1			16.4			18.7

(a)The capital metrics reflect the CECL capital transition provisions.

(b)Includes the impacts of certain assets associated with First Republic to which the Standardized approach has been applied as permitted by the transition provisions in the U.S. capital rules.


Three months ended (in millions, except ratios)	September 30, 2023						December 31, 2022
	JPMorgan Chase & Co.			JPMorgan Chase Bank, N.A.			JPMorgan Chase & Co.			JPMorgan Chase Bank, N.A.
Leverage-based capital metrics:(a)
Adjusted average assets(b)	$	3,785,641		$	3,309,068		$	3,703,873		$	3,249,912
Tier 1 leverage ratio	7.1		%	8.5		%	6.6		%	8.3		%
Total leverage exposure	$	4,500,253		$	4,013,044		$	4,367,092		$	3,925,502
SLR	6.0		%	7.0		%	5.6		%	6.9		%

(a)The capital metrics reflect the CECL capital transition provisions.

Noninterest Revenue and Noninterest Expense - Card Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Total card income	$ 1,209	$ 1,086	$ 3,537	$ 3,194
Interchange and merchant processing income
Disaggregation of Revenue [Line Items]
Total card income	7,914	7,166	22,938	20,615
Rewards costs and partner payments
Disaggregation of Revenue [Line Items]
Total card income	(6,283)	(5,747)	(18,184)	(16,258)
Other card income
Disaggregation of Revenue [Line Items]
Total card income	$ (422)	$ (333)	$ (1,217)	$ (1,163)

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Fair Value Measurement - Impact of Credit Adjustments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Credit and funding adjustments:
Derivatives CVA	$ 90	$ (6)	$ 211	$ (171)
Derivatives FVA	$ 56	$ 5	$ 111	$ (46)

Loans - Narrative (Details) $ in Millions	3 Months Ended		9 Months Ended
Loans - Narrative (Details) $ in Millions	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) loan_segment	Sep. 30, 2022 USD ($)
Receivables [Abstract]
Number of portfolio segments \| loan_segment			3
Net gains/(losses) on sales of loans and lending-related commitments	$ 9	$ 68	$ 46	$ (246)
Net gains/(losses) on sales of loans	$ 9	$ (48)	$ 52	$ (80)

Securities Financing Activities

9 Months Ended

Sep. 30, 2023

Securities Financing Transactions Disclosures [Abstract]

Securities Financing Activities

Securities financing activities

Refer to Note 11 of JPMorgan Chase’s 2022 Form 10-K for a discussion of accounting policies relating to securities financing activities. Refer to Note 3 for further information regarding securities financing agreements for which the fair value option has been elected. Refer to Note 25 for further information regarding assets pledged and collateral received in securities financing agreements.

Consolidated balance sheet presentation. Where the Firm has obtained an appropriate legal opinion with respect to the counterparty master netting agreement, such collateral, along with securities financing balances that do not meet all these relevant netting criteria under U.S. GAAP, is presented in the table below as “Amounts not nettable on the Consolidated balance sheets,” and reduces the “Net amounts” presented. Where a legal opinion has not been either sought or obtained, the securities financing balances are presented gross in the “Net amounts” below. In transactions where the Firm is acting as the lender in a securities-for-securities lending agreement and receives securities that can be pledged or sold as collateral, the Firm recognizes the securities received at fair value within other assets and the obligation to return those securities within accounts payable and other liabilities on the Consolidated balance sheets.


	September 30, 2023
(in millions)	Gross amounts		Amounts netted on the Consolidated balance sheets		Amounts presented on the Consolidated balance sheets		Amounts not nettable on the Consolidated balance sheets(b)		Net amounts(c)
Assets
Securities purchased under resale agreements	$	556,708	$	(206,711)	$	349,997	$	(339,936)		$	10,061
Securities borrowed	226,710		(38,431)		188,279		(137,150)			51,129
Liabilities
Securities sold under repurchase agreements	$	467,094	$	(206,711)	$	260,383	$	(224,365)		$	36,018
Securities loaned and other(a)	49,530		(38,431)		11,099		(10,866)			233


	December 31, 2022
(in millions)	Gross amounts		Amounts netted on the Consolidated balance sheets		Amounts presented on the Consolidated balance sheets		Amounts not nettable on the Consolidated balance sheets(b)		Net amounts(c)
Assets
Securities purchased under resale agreements	$	597,912	$	(282,411)	$	315,501	$	(304,120)		$	11,381
Securities borrowed	228,279		(42,910)		185,369		(131,578)			53,791
Liabilities
Securities sold under repurchase agreements	$	480,793	$	(282,411)	$	198,382	$	(167,427)		$	30,955
Securities loaned and other(a)	52,443		(42,910)		9,533		(9,527)			6

(a)Includes securities-for-securities lending agreements of $4.4 billion and $7.0 billion at September 30, 2023 and December 31, 2022, respectively, accounted for at fair value, where the Firm is acting as lender.

(b)In some cases, collateral exchanged with a counterparty exceeds the net asset or liability balance with that counterparty. In such cases, the amounts reported in this column are limited to the related net asset or liability with that counterparty.

(c)Includes securities financing agreements that provide collateral rights, but where an appropriate legal opinion with respect to the master netting agreement has not been either sought or obtained. At September 30, 2023 and December 31, 2022, included $6.2 billion and $6.0 billion, respectively, of securities purchased under resale agreements; $46.7 billion and $49.0 billion, respectively, of securities borrowed; $34.1 billion and $29.1 billion, respectively, of securities sold under repurchase agreements; and $105 million and $2 million, respectively, of securities loaned and other.

The tables below present as of September 30, 2023 and December 31, 2022 the types of financial assets pledged in securities financing agreements and the remaining contractual maturity of the securities financing agreements.


	Gross liability balance
	September 30, 2023				December 31, 2022
(in millions)	Securities sold under repurchase agreements		Securities loaned and other		Securities sold under repurchase agreements		Securities loaned and other
Mortgage-backed securities
U.S. GSEs and government agencies	$	75,190	$	—	$	58,050	$	—
Residential - nonagency	1,979		—		2,414		—
Commercial - nonagency	2,387		—		2,007		—
U.S. Treasury, GSEs and government agencies	199,410		715		191,254		1,464
Obligations of U.S. states and municipalities	1,777		—		1,735		5
Non-U.S. government debt	115,837		2,276		155,156		1,259
Corporate debt securities	39,542		991		37,121		461
Asset-backed securities	3,155		—		2,981		—
Equity securities	27,817		45,548		30,075		49,254
Total	$	467,094	$	49,530	$	480,793	$	52,443


	Remaining contractual maturity of the agreements
	Overnight and continuous						Greater than 90 days
September 30, 2023 (in millions)			Up to 30 days		30 – 90 days				Total
Total securities sold under repurchase agreements	$	248,186	$	105,278	$	34,859	$	78,771	$	467,094
Total securities loaned and other	45,346		20		1		4,163		49,530


	Remaining contractual maturity of the agreements
	Overnight and continuous						Greater than 90 days
December 31, 2022 (in millions)			Up to 30 days		30 – 90 days				Total
Total securities sold under repurchase agreements	$	205,235	$	170,696	$	37,120	$	67,742	$	480,793
Total securities loaned and other	50,138		1,285		3		1,017		52,443

Transfers not qualifying for sale accounting

At September 30, 2023 and December 31, 2022, the Firm held $541 million and $692 million of financial assets for which the rights have been transferred to third parties; however, the transfers did not qualify as a sale in accordance with U.S. GAAP. These transfers have been recognized as collateralized financing transactions. The transferred assets are recorded in trading assets and loans, and the corresponding liabilities are recorded primarily in short-term borrowings and long-term debt on the Consolidated balance sheets.

Investment Securities - Amortized Costs and Estimated Fair Values (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Available-for-sale securities
Amortized cost	$ 206,500,000,000		$ 206,500,000,000		$ 216,188,000,000
Unallocated portfolio layer fair value hedge basis adjustments	(2,891,000,000)		(2,891,000,000)
Gross unrealized gains	419,000,000		419,000,000		890,000,000
Gross unrealized losses	9,800,000,000		9,800,000,000		11,221,000,000
Unallocated portfolio layer fair value basis adjustments, Gross unrealized losses	(2,891,000,000)		(2,891,000,000)
Fair value	197,119,000,000		197,119,000,000		205,857,000,000
Held-to-maturity securities
Amortized cost	388,261,000,000		388,261,000,000		425,305,000,000
Gross unrealized gains	69,000,000		69,000,000		105,000,000
Gross unrealized losses	39,629,000,000		39,629,000,000		36,762,000,000
Fair value	348,701,000,000		348,701,000,000		388,648,000,000
Total investment securities, net of allowance for credit losses
Amortized cost	594,761,000,000		594,761,000,000		641,493,000,000
Gross unrealized gains	488,000,000		488,000,000		995,000,000
Gross unrealized losses	49,429,000,000		49,429,000,000		47,983,000,000
Fair value	545,820,000,000		545,820,000,000		594,505,000,000
HTM securities purchased	0	$ 1,800,000,000	4,100,000,000	$ 29,300,000,000
Investment securities, allowance for credit losses	117,000,000	61,000,000	117,000,000	61,000,000	96,000,000
Accrued interest receivables on investment securities	2,800,000,000		2,800,000,000		2,500,000,000
Accrued interest receivables reversed through interest income on AFS securities	0	0	0	0
Accrued interest receivables reversed through interest income on HTM securities	0	$ 0	0	$ 0
First Republic
Available-for-sale securities
Fair value	22,900,000,000		22,900,000,000
Total mortgage-backed securities
Available-for-sale securities
Amortized cost	96,833,000,000		96,833,000,000		84,059,000,000
Gross unrealized gains	92,000,000		92,000,000		485,000,000
Gross unrealized losses	8,272,000,000		8,272,000,000		6,463,000,000
Fair value	88,653,000,000		88,653,000,000		78,081,000,000
Held-to-maturity securities
Amortized cost	128,295,000,000		128,295,000,000		134,356,000,000
Gross unrealized gains	3,000,000		3,000,000		48,000,000
Gross unrealized losses	19,905,000,000		19,905,000,000		15,687,000,000
Fair value	108,393,000,000		108,393,000,000		118,717,000,000
U.S. GSEs and government agencies mortgage-backed securities
Available-for-sale securities
Amortized cost	90,398,000,000		90,398,000,000		77,194,000,000
Gross unrealized gains	86,000,000		86,000,000		479,000,000
Gross unrealized losses	7,967,000,000		7,967,000,000		6,170,000,000
Fair value	82,517,000,000		82,517,000,000		71,503,000,000
Held-to-maturity securities
Amortized cost	107,718,000,000		107,718,000,000		113,492,000,000
Gross unrealized gains	0		0		35,000,000
Gross unrealized losses	17,696,000,000		17,696,000,000		13,709,000,000
Fair value	90,022,000,000		90,022,000,000		99,818,000,000
Residential: U.S. Mortgage-backed securities
Available-for-sale securities
Amortized cost	2,063,000,000		2,063,000,000		1,576,000,000
Gross unrealized gains	1,000,000		1,000,000		1,000,000
Gross unrealized losses	137,000,000		137,000,000		111,000,000
Fair value	1,927,000,000		1,927,000,000		1,466,000,000
Held-to-maturity securities
Amortized cost	9,979,000,000		9,979,000,000		10,503,000,000
Gross unrealized gains	1,000,000		1,000,000		3,000,000
Gross unrealized losses	1,413,000,000		1,413,000,000		1,244,000,000
Fair value	8,567,000,000		8,567,000,000		9,262,000,000
Residential: Non-U.S. mortgage-backed securities
Available-for-sale securities
Amortized cost	1,649,000,000		1,649,000,000		3,176,000,000
Gross unrealized gains	4,000,000		4,000,000		5,000,000
Gross unrealized losses	2,000,000		2,000,000		27,000,000
Fair value	1,651,000,000		1,651,000,000		3,154,000,000
Commercial mortgage-backed securities
Available-for-sale securities
Amortized cost	2,723,000,000		2,723,000,000		2,113,000,000
Gross unrealized gains	1,000,000		1,000,000		0
Gross unrealized losses	166,000,000		166,000,000		155,000,000
Fair value	2,558,000,000		2,558,000,000		1,958,000,000
Held-to-maturity securities
Amortized cost	10,598,000,000		10,598,000,000		10,361,000,000
Gross unrealized gains	2,000,000		2,000,000		10,000,000
Gross unrealized losses	796,000,000		796,000,000		734,000,000
Fair value	9,804,000,000		9,804,000,000		9,637,000,000
U.S. Treasury and government agencies
Available-for-sale securities
Amortized cost	54,823,000,000		54,823,000,000		95,217,000,000
Gross unrealized gains	237,000,000		237,000,000		302,000,000
Gross unrealized losses	1,701,000,000		1,701,000,000		3,459,000,000
Fair value	53,359,000,000		53,359,000,000		92,060,000,000
Held-to-maturity securities
Amortized cost	187,819,000,000		187,819,000,000		207,463,000,000
Gross unrealized gains	0		0		0
Gross unrealized losses	17,813,000,000		17,813,000,000		18,363,000,000
Fair value	170,006,000,000		170,006,000,000		189,100,000,000
Obligations of U.S. states and municipalities
Available-for-sale securities
Amortized cost	21,648,000,000		21,648,000,000		7,103,000,000
Gross unrealized gains	66,000,000		66,000,000		86,000,000
Gross unrealized losses	2,052,000,000		2,052,000,000		403,000,000
Fair value	19,662,000,000		19,662,000,000		6,786,000,000
Held-to-maturity securities
Amortized cost	10,730,000,000		10,730,000,000		19,747,000,000
Gross unrealized gains	1,000,000		1,000,000		53,000,000
Gross unrealized losses	1,304,000,000		1,304,000,000		1,080,000,000
Fair value	9,427,000,000		9,427,000,000		18,720,000,000
Non-U.S. government debt securities
Available-for-sale securities
Amortized cost	27,064,000,000		27,064,000,000		20,360,000,000
Gross unrealized gains	13,000,000		13,000,000		14,000,000
Gross unrealized losses	564,000,000		564,000,000		678,000,000
Fair value	26,513,000,000		26,513,000,000		19,696,000,000
Corporate debt securities
Available-for-sale securities
Amortized cost	218,000,000		218,000,000		381,000,000
Gross unrealized gains	0		0		0
Gross unrealized losses	24,000,000		24,000,000		24,000,000
Fair value	194,000,000		194,000,000		357,000,000
Asset-backed securities: Collateralized loan obligations
Available-for-sale securities
Amortized cost	5,730,000,000		5,730,000,000		5,916,000,000
Gross unrealized gains	7,000,000		7,000,000		1,000,000
Gross unrealized losses	34,000,000		34,000,000		125,000,000
Fair value	5,703,000,000		5,703,000,000		5,792,000,000
Held-to-maturity securities
Amortized cost	59,487,000,000		59,487,000,000		61,414,000,000
Gross unrealized gains	64,000,000		64,000,000		4,000,000
Gross unrealized losses	531,000,000		531,000,000		1,522,000,000
Fair value	59,020,000,000		59,020,000,000		59,896,000,000
Asset-backed securities: Other
Available-for-sale securities
Amortized cost	3,075,000,000		3,075,000,000		3,152,000,000
Gross unrealized gains	4,000,000		4,000,000		2,000,000
Gross unrealized losses	44,000,000		44,000,000		69,000,000
Fair value	3,035,000,000		3,035,000,000		3,085,000,000
Held-to-maturity securities
Amortized cost	1,930,000,000		1,930,000,000		2,325,000,000
Gross unrealized gains	1,000,000		1,000,000		0
Gross unrealized losses	76,000,000		76,000,000		110,000,000
Fair value	$ 1,855,000,000		$ 1,855,000,000		$ 2,215,000,000

Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments

9 Months Ended

Sep. 30, 2023

Off-Balance Sheet Lending-Related Financial Instruments, Guarantees and Other Commitments [Abstract]

Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments

Off–balance sheet lending-related

financial instruments, guarantees, and other

commitments

JPMorgan Chase provides lending-related financial instruments (e.g., commitments and guarantees) to address the financing needs of its customers and clients. The contractual amount of these financial instruments represents the maximum possible credit risk to the Firm should the customer or client draw upon the commitment or the Firm be required to fulfill its obligation under the guarantee, and should the customer or client subsequently fail to perform according to the terms of the contract. Most of these commitments and guarantees have historically been refinanced, extended, cancelled, or expired without being drawn or a default occurring. As a result, the total contractual amount of these instruments is not, in the Firm’s view, representative of its expected future credit exposure or funding requirements. Refer to Note 28 of JPMorgan Chase’s 2022 Form 10-K for a further discussion of lending-related commitments and guarantees, and the Firm’s related accounting policies.

To provide for expected credit losses in wholesale and certain consumer lending-related commitments, an allowance for credit losses on lending-related commitments is maintained. Refer to Note 13 for further information regarding the allowance for credit losses on lending-related commitments.

The following table summarizes the contractual amounts and carrying values of off-balance sheet lending-related financial instruments, guarantees and other commitments at September 30, 2023 and December 31, 2022. The amounts in the table below for credit card, home equity and certain scored business banking lending-related commitments represent the total available credit for these products. The Firm has not experienced, and does not anticipate, that all available lines of credit for these products will be utilized at the same time. The Firm can reduce or cancel credit card and certain scored business banking lines of credit by providing the borrower notice or, in some cases as permitted by law, without notice. In addition, the Firm typically closes credit card lines when the borrower is 60 days or more past due. The Firm may reduce or close HELOCs when there are significant decreases in the value of the underlying property, or when there has been a demonstrable decline in the creditworthiness of the borrower.


Off–balance sheet lending-related financial instruments, guarantees and other commitments
	Contractual amount												Carrying value(i)
	September 30, 2023										Dec 31, 2022			Sep 30, 2023			Dec 31, 2022
By remaining maturity (in millions)	Expires in 1 year or less		Expires after 1 year through 3 years		Expires after 3 years through 5 years		Expires after 5 years		Total		Total
Lending-related
Consumer, excluding credit card:
Residential real estate(a)	$	8,355	$	6,091	$	5,940	$	12,224	$	32,610	$	21,287		$	785	(j)	$	75
Auto and other	12,829		257		—		2,617		15,703		12,231			189		(j)	—
Total consumer, excluding credit card	21,184		6,348		5,940		14,841		48,313		33,518			974			75
Credit card(b)	898,903		—		—		—		898,903		821,284			—			—
Total consumer(c)	920,087		6,348		5,940		14,841		947,216		854,802			974			75
Wholesale:
Other unfunded commitments to extend credit(d)	123,603		163,104		191,974		20,968		499,649		440,407			3,169		(h)(j)	2,328		(h)
Standby letters of credit and other financial guarantees(d)	14,411		9,058		3,743		1,071		28,283		27,439			438			408
Other letters of credit(d)	3,407		187		42		—		3,636		4,134			21			6
Total wholesale(c)	141,421		172,349		195,759		22,039		531,568		471,980			3,628			2,742
Total lending-related	$	1,061,508	$	178,697	$	201,699	$	36,880	$	1,478,784	$	1,326,782		$	4,602		$	2,817
Other guarantees and commitments
Securities lending indemnification agreements and guarantees(e)	$	293,539	$	—	$	—	$	—	$	293,539	$	283,386		$	—		$	—
Derivatives qualifying as guarantees	2,344		325		11,622		40,841		55,132		59,180			294			649
Unsettled resale and securities borrowed agreements	129,321		907		—		—		130,228		116,975			1			(2)
Unsettled repurchase and securities loaned agreements	80,018		530		—		—		80,548		66,407			—			(7)
Loan sale and securitization-related indemnifications:
Mortgage repurchase liability	NA		NA		NA		NA		NA		NA			76			76
Loans sold with recourse	NA		NA		NA		NA		803		820			28			28
Exchange & clearing house guarantees and commitments(f)	118,140		—		—		—		118,140		191,068			—			—
Other guarantees and commitments(g)	11,482		523		146		3,468		15,619		8,634			36			53

(a)Includes certain commitments to purchase loans from correspondents.

(b)Also includes commercial card lending-related commitments primarily in CB and CIB.

(c)Predominantly all consumer and wholesale lending-related commitments are in the U.S.

(d)As of September 30, 2023 and December 31, 2022, reflected the contractual amount net of risk participations totaling $82 million and $71 million, respectively, for other unfunded commitments to extend credit; $8.2 billion at both periods for standby letters of credit and other financial guarantees; $513 million and $512 million, respectively, for other letters of credit. In regulatory filings with the Federal Reserve these commitments are shown gross of risk participations.

(e)As of September 30, 2023 and December 31, 2022, collateral held by the Firm in support of securities lending indemnification agreements was $310.3 billion and $298.5 billion, respectively. Securities lending collateral primarily consists of cash, G7 government securities, and securities issued by U.S. GSEs and government agencies.

(f)As of September 30, 2023 and December 31, 2022, includes guarantees to the Fixed Income Clearing Corporation under the sponsored member repo program and commitments and guarantees associated with the Firm’s membership in certain clearing houses.

(g)As of September 30, 2023 and December 31, 2022, primarily includes unfunded commitments related to certain tax-oriented equity investments, unfunded commitments to purchase secondary market loans, and other equity investment commitments.

(h)As of September 30, 2023 and December 31, 2022 includes net markdowns on held-for-sale positions related to unfunded commitments in the bridge financing portfolio.

(i)For lending-related products, the carrying value includes the allowance for lending-related commitments and the guarantee liability; for derivative-related products, and lending-related commitments for which the fair value option was elected, the carrying value represents the fair value.

(j)As of September 30, 2023, includes fair value adjustments associated with First Republic for residential real estate lending-related commitments totaling $660 million, for auto and other lending-related commitments totaling $189 million and for other unfunded commitments to extend credit totaling $1.3 billion. Refer to Note 28 for additional information.

Other unfunded commitments to extend credit

Other unfunded commitments to extend credit generally consist of commitments for working capital and general corporate purposes, extensions of credit to support commercial paper facilities and bond financings in the event that those obligations cannot be remarketed to new investors, as well as committed liquidity facilities to clearing organizations. The Firm also issues commitments under multipurpose facilities which could be drawn upon in several forms, including the issuance of a standby letter of credit.

Standby letters of credit and other financial guarantees

Standby letters of credit and other financial guarantees are conditional lending commitments issued by the Firm to guarantee the performance of a client or customer to a third party under certain arrangements, such as commercial paper facilities, bond financings, acquisition financings, trade financings and similar transactions.

The following table summarizes the contractual amount and carrying value of standby letters of credit and other financial guarantees and other letters of credit arrangements as of September 30, 2023 and December 31, 2022.

Standby letters of credit, other financial guarantees and other letters of credit


	September 30, 2023				December 31, 2022
(in millions)	Standby letters of credit and other financial guarantees		Other letters of credit		Standby letters of credit and other financial guarantees		Other letters of credit
Investment-grade(a)	$	19,276	$	2,712	$	19,205	$	3,040
Noninvestment-grade(a)	9,007		924		8,234		1,094
Total contractual amount	$	28,283	$	3,636	$	27,439	$	4,134

Allowance for lending-related commitments	$	94	$	21	$	82	$	6
Guarantee liability	344		—		326		—
Total carrying value	$	438	$	21	$	408	$	6
Commitments with collateral	$	16,216	$	563	$	15,296	$	795

(a)The ratings scale is based on the Firm’s internal risk ratings. Refer to Note 12 for further information on internal risk ratings.

Derivatives qualifying as guarantees

The Firm transacts in certain derivative contracts that have the characteristics of a guarantee under U.S. GAAP. Refer to Note 28 of JPMorgan Chase’s 2022 Form 10-K for further information on these derivatives.

The following table summarizes the derivatives qualifying as guarantees as of September 30, 2023 and December 31, 2022.


(in millions)	September 30, 2023		December 31, 2022

Notional amounts
Derivative guarantees	$	55,132	$	59,180
Stable value contracts with contractually limited exposure	31,869		31,820
Maximum exposure of stable value contracts with contractually limited exposure	1,472		2,063

Fair value
Derivative payables	294		649

In addition to derivative contracts that meet the characteristics of a guarantee, the Firm is both a purchaser and seller of credit protection in the credit derivatives market. Refer to Note 5 for a further discussion of credit derivatives.

Merchant charge-backs

Under the rules of payment networks, in its role as a merchant acquirer, the Firm's Merchant Services business in CIB Payments, retains a contingent liability for disputed processed credit and debit card transactions that result in a charge-back to the merchant. If a dispute is resolved in the cardholder’s favor, the Firm will (through the cardholder’s issuing bank) credit or refund the amount to the cardholder and will charge back the transaction to the merchant. If the Firm is unable to collect the amount from the merchant, the Firm will bear the loss for the amount credited or refunded to the cardholder. The Firm mitigates this risk by withholding future settlements, retaining cash reserve accounts or obtaining other collateral. In addition, the Firm recognizes a valuation allowance that covers the payment or performance risk related to charge-backs.

Loan sales and securitization-related indemnifications

In connection with the Firm’s mortgage loan sale and securitization activities with GSEs the Firm has made representations and warranties that the loans sold meet certain requirements, and that may require the Firm to repurchase mortgage loans and/or indemnify the loan purchaser if such representations and warranties are breached by the Firm.

The liability related to repurchase demands associated with private label securitizations is separately evaluated by the Firm in establishing its litigation reserves. Refer to Note 26 of this Form 10-Q and Note 30 of JPMorgan Chase’s 2022 Form 10-K for additional information regarding litigation.

Sponsored member repo program

The Firm acts as a sponsoring member to clear eligible overnight and term resale and repurchase agreements through the Government Securities Division of the Fixed Income Clearing Corporation (“FICC”) on behalf of clients that become sponsored members under the FICC’s rules. The Firm also guarantees to the FICC the prompt and full payment and performance of its sponsored member clients’ respective obligations under the FICC’s rules. The Firm minimizes its liability under these guarantees by obtaining a security interest in the cash or high-quality securities collateral that the clients place with the clearing house therefore the Firm expects the risk of loss to be remote. The Firm’s maximum possible exposure, without taking into consideration the associated collateral, is included in the Exchange & clearing house guarantees and commitments line on page 185. Refer to Note 11 of JPMorgan Chase’s 2022 Form 10-K for additional information on credit risk mitigation practices on resale agreements and the types of collateral pledged under repurchase agreements.

Guarantees of subsidiaries

The Parent Company has guaranteed certain long-term debt and structured notes of its subsidiaries, including JPMorgan Chase Financial Company LLC (“JPMFC”), a 100%-owned finance subsidiary. All securities issued by JPMFC are fully and unconditionally guaranteed by the Parent Company and no other subsidiary of the Parent Company guarantees these securities. These guarantees, which rank pari passu with the Firm’s unsecured and unsubordinated indebtedness, are not included in the table on page 185 of this Note. Refer to Note 20 of JPMorgan Chase’s 2022 Form 10-K for additional information.

Investment Securities - Fair Value and Gross Unrealized Losses by Aging Category (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Available-for-sale securities
Less than 12 months, Fair value	$ 31,646	$ 20,904
Less than 12 months, Gross unrealized losses	1,698	846
12 months or more, Fair Value	17,473	8,519
12 months or more, Gross unrealized losses	1,325	746
Total fair value	49,119	29,423
Total gross unrealized losses	3,023	1,592
Total mortgage-backed securities
Available-for-sale securities
Less than 12 months, Fair value	1,162	5,166
Less than 12 months, Gross unrealized losses	22	170
12 months or more, Fair Value	4,300	1,143
12 months or more, Gross unrealized losses	283	123
Total fair value	5,462	6,309
Total gross unrealized losses	305	293
U.S. GSEs and government agencies mortgage-backed securities
Available-for-sale securities
Total fair value	9,700	9,600
Residential: U.S. Mortgage-backed securities
Available-for-sale securities
Less than 12 months, Fair value	682	1,187
Less than 12 months, Gross unrealized losses	15	71
12 months or more, Fair Value	1,232	260
12 months or more, Gross unrealized losses	122	40
Total fair value	1,914	1,447
Total gross unrealized losses	137	111
Residential: Non-U.S. mortgage-backed securities
Available-for-sale securities
Less than 12 months, Fair value	0	2,848
Less than 12 months, Gross unrealized losses	0	25
12 months or more, Fair Value	1,317	70
12 months or more, Gross unrealized losses	2	2
Total fair value	1,317	2,918
Total gross unrealized losses	2	27
Commercial mortgage-backed securities
Available-for-sale securities
Less than 12 months, Fair value	480	1,131
Less than 12 months, Gross unrealized losses	7	74
12 months or more, Fair Value	1,751	813
12 months or more, Gross unrealized losses	159	81
Total fair value	2,231	1,944
Total gross unrealized losses	166	155
Obligations of U.S. states and municipalities
Available-for-sale securities
Less than 12 months, Fair value	15,200	3,051
Less than 12 months, Gross unrealized losses	1,585	241
12 months or more, Fair Value	2,285	364
12 months or more, Gross unrealized losses	467	162
Total fair value	17,485	3,415
Total gross unrealized losses	2,052	403
Non-U.S. government debt securities
Available-for-sale securities
Less than 12 months, Fair value	14,499	6,941
Less than 12 months, Gross unrealized losses	76	321
12 months or more, Fair Value	4,974	3,848
12 months or more, Gross unrealized losses	488	357
Total fair value	19,473	10,789
Total gross unrealized losses	564	678
Corporate debt securities
Available-for-sale securities
Less than 12 months, Fair value	13	150
Less than 12 months, Gross unrealized losses	1	2
12 months or more, Fair Value	83	207
12 months or more, Gross unrealized losses	23	22
Total fair value	96	357
Total gross unrealized losses	24	24
Asset-backed securities: Collateralized loan obligations
Available-for-sale securities
Less than 12 months, Fair value	100	3,010
Less than 12 months, Gross unrealized losses	0	61
12 months or more, Fair Value	4,231	2,701
12 months or more, Gross unrealized losses	34	64
Total fair value	4,331	5,711
Total gross unrealized losses	34	125
Asset-backed securities: Other
Available-for-sale securities
Less than 12 months, Fair value	672	2,586
Less than 12 months, Gross unrealized losses	14	51
12 months or more, Fair Value	1,600	256
12 months or more, Gross unrealized losses	30	18
Total fair value	2,272	2,842
Total gross unrealized losses	$ 44	$ 69

Leases

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Leases

Refer to Note 18 of JPMorgan Chase’s 2022 Form 10-K for a further discussion on leases.

Firm as lessee

At September 30, 2023, JPMorgan Chase and its subsidiaries were obligated under a number of noncancellable leases, predominantly operating leases for premises and equipment used primarily for business purposes.

Operating lease liabilities and right-of-use (“ROU”) assets are recognized at the lease commencement date based on the present value of the future minimum lease payments over the lease term.

The carrying values of the Firm’s operating leases were as follows:


(in millions)	September 30, 2023			December 31, 2022
Right-of-use assets	$	8,300	(a)	$	7,782
Lease liabilities	8,697		(b)	8,183

(a)Includes $666 million of right-of-use assets associated with First Republic.

(b)Includes $732 million of lease liabilities associated with First Republic.

The Firm’s net rental expense was $538 million and $496 million for the three months ended September 30, 2023 and 2022, respectively, and $1.5 billion for both the nine months ended September 30, 2023 and 2022.

Firm as lessor

The Firm’s lease financings are predominantly auto operating leases, and are included in other assets on the Firm’s Consolidated balance sheets.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Operating lease income	$	695	$	870	$	2,166	$	2,863
Depreciation expense	468		620		1,344		1,998

Leases

Refer to Note 18 of JPMorgan Chase’s 2022 Form 10-K for a further discussion on leases.

Firm as lessee

Operating lease liabilities and right-of-use (“ROU”) assets are recognized at the lease commencement date based on the present value of the future minimum lease payments over the lease term.

The carrying values of the Firm’s operating leases were as follows:


(in millions)	September 30, 2023			December 31, 2022
Right-of-use assets	$	8,300	(a)	$	7,782
Lease liabilities	8,697		(b)	8,183

(a)Includes $666 million of right-of-use assets associated with First Republic.

(b)Includes $732 million of lease liabilities associated with First Republic.

Firm as lessor

The Firm’s lease financings are predominantly auto operating leases, and are included in other assets on the Firm’s Consolidated balance sheets.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Operating lease income	$	695	$	870	$	2,166	$	2,863
Depreciation expense	468		620		1,344		1,998

Long-term Debt

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Long-term Debt

Long-term debt

JPMorgan Chase issues long-term debt denominated in various currencies, predominantly U.S. dollars, with both fixed and variable interest rates. Included in senior and subordinated debt below are various equity-linked or other indexed instruments, which the Firm has elected to measure at fair value; changes in fair value are recorded in principal transactions revenue in the Consolidated statements of income, except for unrealized gains/(losses) due to DVA which are recorded in OCI. The following table is a summary of long-term debt carrying values (including unamortized premiums and discounts, issuance costs, valuation adjustments and fair value adjustments, where applicable) by remaining contractual maturity as of September 30, 2023.


By remaining maturity (in millions, except rates)		September 30, 2023													December 31, 2022
		Under 1 year			1-5 years			After 5 years			Total				Total
Parent company
Senior debt:	Fixed rate	$	6,646		$	84,124		$	94,485		$	185,255			$	194,515
	Variable rate	170			6,143			1,960			8,273				11,565
	Interest rates(f)	2.31		%	2.88		%	3.58		%	3.20		%		3.06		%
Subordinated debt:	Fixed rate	$	2,967		$	5,843		$	8,634		$	17,444			$	19,693
	Variable rate	—			—			—			—				—
	Interest rates(f)	3.88		%	4.88		%	4.69		%	4.62		%		4.50		%
	Subtotal	$	9,783		$	96,110		$	105,079		$	210,972			$	225,773
Subsidiaries
Federal Home Loan Banks advances:	Fixed rate	$	9,903		$	14,040		$	39		$	23,982		(g)	$	93
	Variable rate	3,900			10,000			—			13,900				11,000
	Interest rates(f)	4.75		%	4.69		%	6.06		%	4.72		%		4.32		%
Purchase Money Note(a):	Fixed rate	$	—		$	48,936		$	—		$	48,936			NA
	Interest rates(f)	—		%	3.40		%	—		%	3.40		%		NA
Senior debt:	Fixed rate	$	3,287		$	7,800		$	5,996		$	17,083			$	15,383
	Variable rate	18,410			22,230			5,270			45,910				41,506
	Interest rates(f)	4.36		%	4.99%			1.50		%	1.86		%		2.02		%
Subordinated debt:	Fixed rate	$	—		$	257		$	—		$	257			$	262
	Variable rate	—			—			—			—				—
	Interest rates(f)	—		%	8.25		%	—		%	8.25		%		8.25		%
	Subtotal	$	35,500		$	103,263		$	11,305		$	150,068			$	68,244
Junior subordinated debt:	Fixed rate	$	—		$	—		$	520		$	520			$	550
	Variable rate	—			420			813			1,233				1,298
	Interest rates(f)	—		%	6.17		%	7.43		%	7.13		%		6.33		%
	Subtotal	$	—		$	420		$	1,333		$	1,753			$	1,848
Total long-term debt(b)(c)(d)		$	45,283		$	199,793		$	117,717		$	362,793		(h)(i)	$	295,865
Long-term beneficial interests:
	Fixed rate	$	—		$	2,997		$	—		$	2,997			$	1,999
	Variable rate	—			—			193			193				143
	Interest rates(f)	—		%	4.74		%	4.51		%	4.73		%		2.81		%
Total long-term beneficial interests(e)		$	—		$	2,997		$	193		$	3,190			$	2,142

(a)Reflects the Purchase Money Note associated with the First Republic acquisition. Refer to Note 28 for additional information.

(c)Included $78.4 billion and $72.3 billion of long-term debt accounted for at fair value at September 30, 2023 and December 31, 2022, respectively.

(g)As of September 30, 2023, included $23.9 billion of FHLB advances associated with First Republic. Refer to Note 28 for additional information.

The weighted-average contractual interest rates for total long-term debt excluding structured notes accounted for at fair value were 3.53% and 3.26% as of September 30, 2023 and December 31, 2022, respectively. In order to modify exposure to interest rate and currency exchange rate movements, JPMorgan Chase utilizes derivative instruments, primarily interest rate and cross-currency interest rate swaps, in conjunction with some of its debt issuances. The use of these instruments modifies the Firm’s interest expense on the associated debt. The modified weighted-average interest rates for total long-term debt, including the effects of related derivative instruments, were 5.15% and 4.89% as of September 30, 2023 and December 31, 2022, respectively.

JPMorgan Chase & Co. has guaranteed certain long-term debt of its subsidiaries, including structured notes. These guarantees rank pari passu with the Firm’s other unsecured and unsubordinated indebtedness. The amount of such guaranteed long-term debt and structured notes was $36.9 billion and $28.2 billion at September 30, 2023 and December 31, 2022, respectively.

The Firm’s unsecured debt does not contain requirements that would call for an acceleration of payments, maturities or changes in the structure of the existing debt, provide any limitations on future borrowings or require additional collateral, based on unfavorable changes in the Firm’s credit ratings, financial ratios, earnings or stock price.

Interest Income and Interest Expense

9 Months Ended

Sep. 30, 2023

Interest Income (Expense), Net [Abstract]

Interest Income and Interest Expense

Interest income and Interest expense

Refer to Note 7 of JPMorgan Chase’s 2022 Form 10-K for a description of JPMorgan Chase’s accounting policies regarding interest income and interest expense.

The following table presents the components of interest income and interest expense.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Interest income
Loans(a)	$	22,311	$	13,985	$	60,325	$	36,244
Taxable securities	4,513		2,696		12,674		6,964
Non-taxable securities(b)	360		236		951		726
Total investment securities(a)	4,873		2,932		13,625		7,690
Trading assets - debt instruments	4,164		2,390		11,823		6,206
Federal funds sold and securities purchased under resale agreements	3,951		1,413		10,849		2,353
Securities borrowed	2,085		772		5,667		858
Deposits with banks	5,270		3,015		15,278		4,332
All other interest-earning assets(c)	1,902		1,104		5,637		2,070
Total interest income	$	44,556	$	25,611	$	123,204	$	59,753
Interest expense
Interest-bearing deposits	$	10,796	$	3,159	$	28,024	$	4,239
Federal funds purchased and securities loaned or sold under repurchase agreements	3,523		1,194		9,727		1,752
Short-term borrowings(d)	512		228		1,361		385
Trading liabilities – debt and all other interest-bearing liabilities(e)	2,463		1,045		6,807		1,707
Long-term debt	4,239		2,405		11,428		5,042
Beneficial interest issued by consolidated VIEs	297		62		641		110
Total interest expense	$	21,830	$	8,093	$	57,988	$	13,235
Net interest income	$	22,726	$	17,518	$	65,216	$	46,518
Provision for credit losses	1,384		1,537		6,558		4,101
Net interest income after provision for credit losses	$	21,342	$	15,981	$	58,658	$	42,417

(a)Includes the amortization/accretion of unearned income (e.g., purchase premiums/discounts and net deferred fees/costs).

(b)Represents securities which are tax-exempt for U.S. federal income tax purposes.

(c)Includes interest earned on brokerage-related held-for-investment customer receivables, which are classified in accrued interest and accounts receivable, and all other interest-earning assets which are classified in other assets on the Consolidated balance sheets.

(d)Includes commercial paper.

(e)All other interest-bearing liabilities includes interest expense on brokerage-related customer payables.

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Operating activities
Net income	$ 40,245	$ 26,668
Adjustments to reconcile net income to net cash used in operating activities:
Provision for credit losses	6,558	4,101
Depreciation and amortization	4,175	5,380
Deferred tax (benefit)/expense	(4,544)	(3,455)
Bargain purchase gain associated with the First Republic acquisition	(2,812)	0
Other	3,611	3,815
Originations and purchases of loans held-for-sale	(83,534)	(131,589)
Proceeds from sales, securitizations and paydowns of loans held-for-sale	83,169	149,420
Net change in:
Trading assets	(151,151)	(114,006)
Securities borrowed	(2,852)	12,347
Accrued interest and accounts receivable	(166)	(41,621)
Other assets	39,371	(17,114)
Trading liabilities	30,787	34,950
Accounts payable and other liabilities	(11,955)	75,961
Other operating adjustments	1,841	1,040
Net cash provided by/(used in) operating activities	(47,257)	5,897
Net change in:
Federal funds sold and securities purchased under resale agreements	(34,101)	(40,741)
Held-to-maturity securities:
Proceeds from paydowns and maturities	34,152	33,542
Purchases	(4,141)	(29,329)
Available-for-sale securities:
Proceeds from paydowns and maturities	39,160	30,646
Proceeds from sales	82,922	62,252
Purchases	(82,075)	(75,204)
Proceeds from sales and securitizations of loans held-for-investment	34,541	36,199
Other changes in loans, net	(60,094)	(96,151)
Net cash used in the First Republic acquisition	(9,920)	0
All other investing activities, net	(12,683)	(7,503)
Net cash used in investing activities	(12,239)	(86,289)
Net change in:
Deposits	(43,083)	(44,336)
Federal funds purchased and securities loaned or sold under repurchase agreements	66,050	45,910
Short-term borrowings	1,303
Short-term borrowings		(4,813)
Beneficial interests issued by consolidated VIEs	10,823	2,042
Proceeds from long-term borrowings	42,817	68,944
Payments of long-term borrowings	(48,757)	(37,470)
Redemption of preferred stock	0	(2,000)
Treasury stock repurchased	(7,549)	(3,162)
Dividends paid	(10,037)	(10,186)
All other financing activities, net	(1,241)	1,158
Net cash provided by financing activities	10,326	16,087
Effect of exchange rate changes on cash and due from banks and deposits with banks	(6,695)	(32,342)
Net decrease in cash and due from banks and deposits with banks	(55,865)	(96,647)
Cash and due from banks and deposits with banks at the beginning of the period	567,234	740,834
Cash and due from banks and deposits with banks at the end of the period	511,369	644,187
Cash interest paid	55,775	11,075
Cash income taxes paid, net	$ 5,541	$ 226

Loans - Credit Card Loan Portfolio, Financial Effects of TDRs and Redefaults (Details) - Credit card - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Financing Receivable, Modified [Line Items]
New enrollments, percent of total retained credit card loans (less than)				1.00%
Balance of new TDRs		$ 111		$ 274
Weighted-average interest rate of loans – before TDR		20.26%		19.19%
Weighted-average interest rate of loans – after TDR		3.81%		4.37%
Balance of loans that redefaulted within one year of modification	$ 18	$ 9	$ 24	$ 26
Number of years before payment default under a modified loan				1 year

Loans - Credit Card Loan Portfolio, Financial Effect and Payment Status of FDMs (Details) - Credit card - USD ($) $ in Millions	3 Months Ended		9 Months Ended	12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2023	Dec. 31, 2022
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 197		$ 489
Current and less than 30 days past due and still accruing
Financing Receivable, Modified [Line Items]
Amortized cost basis	143		414
30–89 days past due and still accruing
Financing Receivable, Modified [Line Items]
Amortized cost basis	33		47
90 or more days past due and still accruing
Financing Receivable, Modified [Line Items]
Amortized cost basis	21		28
Term extension and interest rate reduction
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 197		$ 489
% of loan modifications to total retained credit card loans	0.10%		0.25%
Weighted average contractual interest rate	3.67%	23.48%	3.58%	23.15%

Allowance for Credit Losses - Summary (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Allowance for loan losses
Beginning balance	$ 19,726	$ 16,386
Gross charge-offs	5,096	3,116
Gross recoveries collected	(1,051)	(1,150)
Net charge-offs/(recoveries)	4,045	1,966
Provision for loan losses	6,843	3,763
Other	9	2
Ending balance	21,946	18,185
Allowance for lending-related commitments
Beginning balance	2,382	2,261
Provision for lending-related commitments	(308)	289
Other	1	1
Ending balance	2,075	2,551
Total allowance for investment securities	117	61	$ 96
Total allowance for credit losses	24,138	20,797
Allowance for loan losses by impairment methodology
Asset-specific	(210)	(34)
Portfolio-based	22,156	18,219
Total allowance for loan losses	21,946	18,185	19,726
Loans by impairment methodology
Asset-specific	5,723	15,294
Portfolio-based	1,260,218	1,052,779
Total retained loans	1,265,941	1,068,073	1,089,598
Allowance for lending-related commitments by impairment methodology
Asset-specific	61	84
Portfolio-based	2,014	2,467
Total allowance for lending-related commitments	2,075	2,551	2,382
Lending-related commitments by impairment methodology
Asset-specific	387	470
Portfolio-based	545,182	474,789
Total lending-related commitments	545,569	475,259
First Republic
Allowance for lending-related commitments
Total allowance for credit losses	1,200
Cumulative effect of change in accounting principles \| Accounting Standards Update 2022-02
Allowance for loan losses
Beginning balance	(587)
Allowance for loan losses by impairment methodology
Total allowance for loan losses			(587)
CIB
Lending-related commitments by impairment methodology
Allowance for credit losses associated with accounts receivable	17	30
Collateral-dependent loans
Allowance for loan losses
Net charge-offs/(recoveries)	131	(16)
Collateral-dependent loans
Loans measured at fair value of collateral less cost to sell	4,458	4,255
Consumer, excluding credit card
Allowance for loan losses
Beginning balance	2,040	1,765
Gross charge-offs	809	590
Gross recoveries collected	(388)	(441)
Net charge-offs/(recoveries)	421	149
Provision for loan losses	723	202
Other	1	1
Ending balance	1,854	1,819
Allowance for lending-related commitments
Beginning balance	76	113
Provision for lending-related commitments	5	(36)
Other	0	0
Ending balance	81	77
Total allowance for credit losses	1,935	1,896
Allowance for loan losses by impairment methodology
Asset-specific	(942)	(702)
Portfolio-based	2,796	2,521
Total allowance for loan losses	1,854	1,819	2,040
Loans by impairment methodology
Asset-specific	3,321	12,218
Portfolio-based	393,733	289,185
Total retained loans	397,054	301,403	300,753
Allowance for lending-related commitments by impairment methodology
Asset-specific	0	0
Portfolio-based	81	77
Total allowance for lending-related commitments	81	77	76
Lending-related commitments by impairment methodology
Asset-specific	0	0
Portfolio-based	30,245	22,259
Total lending-related commitments	30,245	22,259
Credit card lending-related commitments not permitted to have an allowance for credit losses	18,100	12,600
Consumer, excluding credit card \| First Republic
Loans by impairment methodology
Total retained loans	91,200
Consumer, excluding credit card \| Cumulative effect of change in accounting principles \| Accounting Standards Update 2022-02
Allowance for loan losses
Beginning balance	(489)
Allowance for loan losses by impairment methodology
Total allowance for loan losses			(489)
Consumer, excluding credit card \| Collateral-dependent loans
Allowance for loan losses
Net charge-offs/(recoveries)	4	(29)
Collateral-dependent loans
Loans measured at fair value of collateral less cost to sell	3,384	3,718
Credit card
Allowance for loan losses
Beginning balance	11,200	10,250
Gross charge-offs	3,852	2,294
Gross recoveries collected	(579)	(616)
Net charge-offs/(recoveries)	3,273	1,678
Provision for loan losses	4,073	1,828
Other	0	0
Ending balance	11,900	10,400
Allowance for lending-related commitments
Beginning balance	0	0
Provision for lending-related commitments	0	0
Other	0	0
Ending balance	0	0
Total allowance for credit losses	11,900	10,400
Allowance for loan losses by impairment methodology
Asset-specific	0	218
Portfolio-based	11,900	10,182
Total allowance for loan losses	11,900	10,400	11,200
Loans by impairment methodology
Asset-specific	0	794
Portfolio-based	196,935	169,668
Total retained loans	196,935	170,462
Allowance for lending-related commitments by impairment methodology
Asset-specific	0	0
Portfolio-based	0	0
Total allowance for lending-related commitments	0	0	0
Lending-related commitments by impairment methodology
Asset-specific	0	0
Portfolio-based	0	0
Total lending-related commitments	0	0
Credit card lending-related commitments not permitted to have an allowance for credit losses	898,900	798,900
Credit card \| Cumulative effect of change in accounting principles \| Accounting Standards Update 2022-02
Allowance for loan losses
Beginning balance	(100)
Allowance for loan losses by impairment methodology
Total allowance for loan losses			(100)
Credit card \| Collateral-dependent loans
Allowance for loan losses
Net charge-offs/(recoveries)	0	0
Collateral-dependent loans
Loans measured at fair value of collateral less cost to sell	0	0
Wholesale
Allowance for loan losses
Beginning balance	6,486	4,371
Gross charge-offs	435	232
Gross recoveries collected	(84)	(93)
Net charge-offs/(recoveries)	351	139
Provision for loan losses	2,047	1,733
Other	8	1
Ending balance	8,192	5,966
Allowance for lending-related commitments
Beginning balance	2,306	2,148
Provision for lending-related commitments	(313)	325
Other	1	1
Ending balance	1,994	2,474
Total allowance for credit losses	10,186	8,440
Allowance for loan losses by impairment methodology
Asset-specific	732	450
Portfolio-based	7,460	5,516
Total allowance for loan losses	8,192	5,966	6,486
Loans by impairment methodology
Asset-specific	2,402	2,282
Portfolio-based	669,550	593,926
Total retained loans	671,952	596,208	603,670
Allowance for lending-related commitments by impairment methodology
Asset-specific	61	84
Portfolio-based	1,933	2,390
Total allowance for lending-related commitments	1,994	2,474	2,306
Lending-related commitments by impairment methodology
Asset-specific	387	470
Portfolio-based	514,937	452,530
Total lending-related commitments	515,324	453,000
Credit card lending-related commitments not permitted to have an allowance for credit losses	16,200	20,000
Wholesale \| First Republic
Loans by impairment methodology
Total retained loans	53,800
Wholesale \| Cumulative effect of change in accounting principles \| Accounting Standards Update 2022-02
Allowance for loan losses
Beginning balance	2
Allowance for loan losses by impairment methodology
Total allowance for loan losses			$ 2
Wholesale \| Collateral-dependent loans
Allowance for loan losses
Net charge-offs/(recoveries)	127	13
Collateral-dependent loans
Loans measured at fair value of collateral less cost to sell	$ 1,074	$ 537

Variable Interest Entities - Re-securitizations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Transfers of securities to VIEs
U.S. GSEs and government agencies	$ 4,521	$ 1,417	$ 14,188	$ 14,866
U.S. GSEs and government agencies \| Nonconsolidated re-securitization VIEs
Variable Interest Entity [Line Items]
Interest in VIEs	$ 3,287		$ 3,287		$ 2,580

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Employee Share-based Incentives - Narrative (Details) shares in Thousands	3 Months Ended
	Mar. 31, 2023 $ / shares shares
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares) \| shares	20,000
Grants in period, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 138.57
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares) \| shares	801
Grants in period, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 139.81

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
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-Subparagraph (a)(1)
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-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (a)(2)
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 2
-Subparagraph (a)(3)
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-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 2
-Subparagraph (c)(1)(i)
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-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 2
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 2
-Subparagraph (c)(1)(iv)(01)
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-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
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-Subparagraph (c)(1)(iv)(04)
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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Reference 20: http://www.xbrl.org/2003/role/disclosureRef
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Reference 21: http://www.xbrl.org/2003/role/disclosureRef
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Reference 22: http://www.xbrl.org/2003/role/disclosureRef
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Reference 23: http://www.xbrl.org/2003/role/disclosureRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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Reference 25: http://www.xbrl.org/2003/role/disclosureRef
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Reference 26: http://www.xbrl.org/2003/role/disclosureRef
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Reference 27: http://www.xbrl.org/2003/role/disclosureRef
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

Loans - Wholesale Loan Portfolio, Geographic Distribution and Delinquency (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022
Financing Receivable, Past Due [Line Items]
Retained loans	$ 1,265,941	$ 1,089,598	$ 1,068,073
Wholesale
Financing Receivable, Past Due [Line Items]
Retained loans	671,952	603,670	$ 596,208
Wholesale \| Criticized nonaccrual
Financing Receivable, Past Due [Line Items]
Retained loans	2,907	1,963
Wholesale \| Current and less than 30 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	666,850	599,009
Wholesale \| 30–89 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	2,054	2,544
Wholesale \| 90 or more days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	141	154
Wholesale \| Total U.S.
Financing Receivable, Past Due [Line Items]
Retained loans	549,853	479,589
Wholesale \| Total non-U.S.
Financing Receivable, Past Due [Line Items]
Retained loans	122,099	124,081
Wholesale \| Secured by real estate
Financing Receivable, Past Due [Line Items]
Retained loans	161,877	126,732
Wholesale \| Secured by real estate \| Criticized nonaccrual
Financing Receivable, Past Due [Line Items]
Retained loans	490	246
Wholesale \| Secured by real estate \| Current and less than 30 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	160,861	126,083
Wholesale \| Secured by real estate \| 30–89 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	507	402
Wholesale \| Secured by real estate \| 90 or more days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	19	1
Wholesale \| Secured by real estate \| Total U.S.
Financing Receivable, Past Due [Line Items]
Retained loans	159,200	123,740
Wholesale \| Secured by real estate \| Total non-U.S.
Financing Receivable, Past Due [Line Items]
Retained loans	2,677	2,992
Wholesale \| Commercial and industrial
Financing Receivable, Past Due [Line Items]
Retained loans	166,177	167,660
Wholesale \| Commercial and industrial \| Criticized nonaccrual
Financing Receivable, Past Due [Line Items]
Retained loans	1,320	1,018
Wholesale \| Commercial and industrial \| Current and less than 30 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	164,179	165,415
Wholesale \| Commercial and industrial \| 30–89 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	598	1,127
Wholesale \| Commercial and industrial \| 90 or more days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	80	100
Wholesale \| Commercial and industrial \| Total U.S.
Financing Receivable, Past Due [Line Items]
Retained loans	125,997	125,324
Wholesale \| Commercial and industrial \| Total non-U.S.
Financing Receivable, Past Due [Line Items]
Retained loans	40,180	42,336
Wholesale \| Other
Financing Receivable, Past Due [Line Items]
Retained loans	343,898	309,278
Wholesale \| Other \| Criticized nonaccrual
Financing Receivable, Past Due [Line Items]
Retained loans	1,097	699
Wholesale \| Other \| Current and less than 30 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	341,810	307,511
Wholesale \| Other \| 30–89 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	949	1,015
Wholesale \| Other \| 90 or more days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	42	53
Wholesale \| Other \| Total U.S.
Financing Receivable, Past Due [Line Items]
Retained loans	264,656	230,525
Wholesale \| Other \| Total non-U.S.
Financing Receivable, Past Due [Line Items]
Retained loans	$ 79,242	$ 78,753

Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2023

Credit Loss [Abstract]

Allowance for credit losses on financing receivables

The table below summarizes information about the allowances for credit losses and includes a breakdown of loans and lending-related commitments by impairment methodology. Refer to Note 10 of JPMorgan Chase’s 2022 Form 10-K and Note 10 of this Form 10-Q for further information on the allowance for credit losses on investment securities.


	2023								2022
Nine months ended September 30, (in millions)	Consumer, excluding credit card		Credit card		Wholesale		Total			Consumer, excluding credit card		Credit card		Wholesale		Total
Allowance for loan losses
Beginning balance at January 1,	$	2,040	$	11,200	$	6,486	$	19,726		$	1,765	$	10,250	$	4,371	$	16,386
Cumulative effect of a change in accounting principle(a)	(489)		(100)		2		(587)			NA		NA		NA		NA
Gross charge-offs	809		3,852		435		5,096			590		2,294		232		3,116
Gross recoveries collected	(388)		(579)		(84)		(1,051)			(441)		(616)		(93)		(1,150)
Net charge-offs/(recoveries)	421		3,273		351		4,045			149		1,678		139		1,966
Provision for loan losses	723		4,073		2,047		6,843			202		1,828		1,733		3,763
Other	1		—		8		9			1		—		1		2
Ending balance at September 30,	$	1,854	$	11,900	$	8,192	$	21,946		$	1,819	$	10,400	$	5,966	$	18,185
Allowance for lending-related commitments
Beginning balance at January 1,	$	76	$	—	$	2,306	$	2,382		$	113	$	—	$	2,148	$	2,261
Provision for lending-related commitments	5		—		(313)		(308)			(36)		—		325		289
Other	—		—		1		1			—		—		1		1
Ending balance at September 30,	$	81	$	—	$	1,994	$	2,075		$	77	$	—	$	2,474	$	2,551
Total allowance for investment securities							117			NA		NA		NA		61
Total allowance for credit losses(b)(c)	$	1,935	$	11,900	$	10,186	$	24,138		$	1,896	$	10,400	$	8,440	$	20,797
Allowance for loan losses by impairment methodology
Asset-specific(d)	$	(942)	$	—	$	732	$	(210)		$	(702)	$	218	$	450	$	(34)
Portfolio-based	2,796		11,900		7,460		22,156			2,521		10,182		5,516		18,219
Total allowance for loan losses	$	1,854	$	11,900	$	8,192	$	21,946		$	1,819	$	10,400	$	5,966	$	18,185

Loans by impairment methodology
Asset-specific(d)	$	3,321	$	—	$	2,402	$	5,723		$	12,218	$	794	$	2,282	$	15,294
Portfolio-based	393,733		196,935		669,550		1,260,218			289,185		169,668		593,926		1,052,779
Total retained loans	$	397,054	$	196,935	$	671,952	$	1,265,941		$	301,403	$	170,462	$	596,208	$	1,068,073
Collateral-dependent loans
Net charge-offs	$	4	$	—	$	127	$	131		$	(29)	$	—	$	13	$	(16)
Loans measured at fair value of collateral less cost to sell	3,384		—		1,074		4,458			3,718		—		537		4,255
Allowance for lending-related commitments by impairment methodology
Asset-specific	$	—	$	—	$	61	$	61		$	—	$	—	$	84	$	84
Portfolio-based	81		—		1,933		2,014			77		—		2,390		2,467
Total allowance for lending-related commitments(e)	$	81	$	—	$	1,994	$	2,075		$	77	$	—	$	2,474	$	2,551
Lending-related commitments by impairment methodology
Asset-specific	$	—	$	—	$	387	$	387		$	—	$	—	$	470	$	470
Portfolio-based(f)	30,245		—		514,937		545,182			22,259		—		452,530		474,789
Total lending-related commitments	$	30,245	$	—	$	515,324	$	545,569		$	22,259	$	—	$	453,000	$	475,259

(a)Represents the impact to the allowance for loan losses upon the adoption of the Financial Instruments - Credit Losses: Troubled Debt Restructurings accounting guidance.

(b)At September 30, 2023 and 2022, in addition to the allowance for credit losses in the table above, the Firm also had an allowance for credit losses of $17 million and $30 million, respectively, associated with certain accounts receivable in CIB.

(c)As of September 30, 2023 included $1.2 billion allowance for credit losses associated with First Republic.

(d)Includes collateral-dependent loans, including those for which foreclosure is deemed probable, and nonaccrual risk-rated loans for all periods presented. Prior periods also include non collateral-dependent TDRs or reasonably expected TDRs and modified PCD loans.

(e)The allowance for lending-related commitments is reported in accounts payable and other liabilities on the Consolidated balance sheets.

(f)At September 30, 2023 and 2022, lending-related commitments excluded $18.1 billion and $12.6 billion, respectively, for the consumer, excluding credit card portfolio segment; $898.9 billion and $798.9 billion, respectively, for the credit card portfolio segment; and $16.2 billion and $20.0 billion, respectively, for the wholesale portfolio segment, which were not subject to the allowance for lending-related commitments. Prior period amount for wholesale lending-related commitments, including the amount not subject to allowance, has been revised to conform with the current presentation.

U.S. unemployment rates and cumulative change in U.S. real GDP

The Firm’s central case assumptions reflected U.S. unemployment rates and U.S. real GDP as follows:


	Assumptions at September 30, 2023
	4Q23		2Q24		4Q24
U.S. unemployment rate(a)	3.9	%	4.2	%	4.6	%
YoY growth in U.S. real GDP(b)	2.1	%	1.2	%	0.7	%

	Assumptions at December 31, 2022
	2Q23		4Q23		2Q24
U.S. unemployment rate(a)	3.8	%	4.3	%	5.0	%
YoY growth in U.S. real GDP(b)	1.5	%	0.4	%	—	%

(a)Reflects quarterly average of forecasted U.S. unemployment rate.

(b)The year over year growth in U.S. real GDP in the forecast horizon of the central scenario is calculated as the percentage change in U.S. real GDP levels from the prior year.

Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of uses and disclosure of derivatives

The following table outlines the Firm’s primary uses of derivatives and the related hedge accounting designation or disclosure category.

Type of Derivative

Use of Derivative

Designation and disclosure

Affected
segment or unit

10-Q page reference

Manage specifically identified risk exposures in qualifying hedge accounting relationships:

•Interest rate

Hedge fixed rate assets and liabilities

Fair value hedge

Corporate

130-131

•Interest rate

Hedge floating-rate assets and liabilities

Cash flow hedge

Corporate

132

•Foreign exchange

Hedge foreign currency-denominated assets and liabilities

Fair value hedge

Corporate

130-131

•Foreign exchange

Hedge foreign currency-denominated forecasted revenue and expense

Cash flow hedge

Corporate

132

•Foreign exchange

Hedge the value of the Firm’s investments in non-U.S. dollar functional currency entities

Net investment hedge

Corporate

133

•Commodity

Hedge commodity inventory

Fair value hedge

CIB, AWM

130-131

Manage specifically identified risk exposures not designated in qualifying hedge accounting relationships:

•Interest rate

Manage the risk associated with mortgage commitments, warehouse loans and MSRs

Specified risk management

CCB

134

•Credit

Manage the credit risk associated with wholesale lending exposures

Specified risk management

CIB

134

•Interest rate and foreign exchange

Manage the risk associated with certain other specified assets and liabilities

Specified risk management

Corporate

134

Market-making derivatives and other activities:

•Various

Market-making and related risk management

Market-making and other

CIB

134

•Various

Other derivatives

Market-making and other

CIB, AWM, Corporate

134

Notional amount of derivative contracts

The following table summarizes the notional amount of free-standing derivative contracts outstanding as of September 30, 2023 and December 31, 2022.


	Notional amounts(b)
(in billions)	September 30, 2023		December 31, 2022
Interest rate contracts
Swaps	$	26,430	$	24,491
Futures and forwards	2,934		2,636
Written options	3,324		3,047
Purchased options	3,349		2,992
Total interest rate contracts	36,037		33,166
Credit derivatives(a)	1,275		1,132
Foreign exchange contracts
Cross-currency swaps	4,417		4,196
Spot, futures and forwards	8,669		7,017
Written options	851		775
Purchased options	819		759
Total foreign exchange contracts	14,756		12,747
Equity contracts
Swaps	667		618
Futures and forwards	90		110
Written options	796		636
Purchased options	734		580
Total equity contracts	2,287		1,944
Commodity contracts
Swaps	133		136
Spot, futures and forwards	152		136
Written options	129		117
Purchased options	106		98
Total commodity contracts	520		487
Total derivative notional amounts	$	54,875	$	49,476

(a)Refer to the Credit derivatives discussion on page 135 for more information on volumes and types of credit derivative contracts.

(b)Represents the sum of gross long and gross short third-party notional derivative contracts.

Impact of derivatives on the Consolidated Balance Sheets


Free-standing derivative receivables and payables(a)
	Gross derivative receivables								Gross derivative payables
September 30, 2023 (in millions)	Not designated as hedges		Designated as hedges		Total derivative receivables		Net derivative receivables(b)		Not designated as hedges		Designated as hedges		Total derivative payables		Net derivative payables(b)
Trading assets and liabilities
Interest rate	$	290,941	$	—	$	290,941	$	31,097	$	277,798	$	7	$	277,805	$	15,974
Credit	11,616		—		11,616		1,318		11,375		—		11,375		882
Foreign exchange	235,863		1,453		237,316		22,608		233,104		1,320		234,424		12,905
Equity	58,178		—		58,178		5,720		62,329		—		62,329		6,905
Commodity	17,214		254		17,468		6,327		17,445		112		17,557		5,297
Total fair value of trading assets and liabilities	$	613,812	$	1,707	$	615,519	$	67,070	$	602,051	$	1,439	$	603,490	$	41,963

	Gross derivative receivables								Gross derivative payables
December 31, 2022 (in millions)	Not designated as hedges		Designated as hedges		Total derivative receivables		Net derivative receivables(b)		Not designated as hedges		Designated as hedges		Total derivative payables		Net derivative payables(b)
Trading assets and liabilities
Interest rate	$	300,411	$	4	$	300,415	$	28,419	$	290,291	$	—	$	290,291	$	15,970
Credit	10,329		—		10,329		1,090		9,971		—		9,971		754
Foreign exchange	239,946		1,633		241,579		23,365		248,911		2,610		251,521		18,856
Equity	61,913		—		61,913		9,139		62,461		—		62,461		8,804
Commodity	23,652		1,705		25,357		8,867		20,758		2,511		23,269		6,757
Total fair value of trading assets and liabilities	$	636,251	$	3,342	$	639,593	$	70,880	$	632,392	$	5,121	$	637,513	$	51,141

(a)Balances exclude structured notes for which the fair value option has been elected. Refer to Note 3 for further information.

Offsetting assets

•the amount of collateral held or transferred that exceeds the fair value exposure at the individual counterparty level, as of the date presented, which is excluded from the tables below; and


	September 30, 2023							December 31, 2022
(in millions)	Gross derivative receivables		Amounts netted on the Consolidated balance sheets		Net derivative receivables			Gross derivative receivables		Amounts netted on the Consolidated balance sheets		Net derivative receivables
U.S. GAAP nettable derivative receivables
Interest rate contracts:
Over-the-counter (“OTC”)	$	201,719	$	(172,743)	$	28,976		$	203,922	$	(178,261)	$	25,661
OTC–cleared	86,803		(86,563)		240			93,800		(93,424)		376
Exchange-traded(a)	543		(538)		5			559		(311)		248
Total interest rate contracts	289,065		(259,844)		29,221			298,281		(271,996)		26,285
Credit contracts:
OTC	8,807		(7,725)		1,082			8,474		(7,535)		939
OTC–cleared	2,618		(2,573)		45			1,746		(1,704)		42
Total credit contracts	11,425		(10,298)		1,127			10,220		(9,239)		981
Foreign exchange contracts:
OTC	234,022		(214,033)		19,989			237,941		(216,796)		21,145
OTC–cleared	699		(664)		35			1,461		(1,417)		44
Exchange-traded(a)	13		(11)		2			15		(1)		14
Total foreign exchange contracts	234,734		(214,708)		20,026			239,417		(218,214)		21,203
Equity contracts:
OTC	24,226		(21,392)		2,834			30,323		(25,665)		4,658
Exchange-traded(a)	32,140		(31,066)		1,074			28,467		(27,109)		1,358
Total equity contracts	56,366		(52,458)		3,908			58,790		(52,774)		6,016
Commodity contracts:
OTC	9,611		(5,130)		4,481			14,430		(7,633)		6,797
OTC–cleared	126		(118)		8			120		(112)		8
Exchange-traded(a)	5,899		(5,893)		6			9,103		(8,745)		358
Total commodity contracts	15,636		(11,141)		4,495			23,653		(16,490)		7,163
Derivative receivables with appropriate legal opinion	607,226		(548,449)		58,777		(d)	630,361		(568,713)		61,648		(d)
Derivative receivables where an appropriate legal opinion has not been either sought or obtained	8,293				8,293			9,232				9,232
Total derivative receivables recognized on the Consolidated balance sheets	$	615,519			$	67,070		$	639,593			$	70,880
Collateral not nettable on the Consolidated balance sheets(b)(c)					(27,832)							(23,014)
Net amounts					$	39,238						$	47,866

Offsetting liabilities


	September 30, 2023							December 31, 2022
(in millions)	Gross derivative payables		Amounts netted on the Consolidated balance sheets		Net derivative payables			Gross derivative payables		Amounts netted on the Consolidated balance sheets		Net derivative payables
U.S. GAAP nettable derivative payables
Interest rate contracts:
OTC	$	185,270	$	(171,572)	$	13,698		$	190,108	$	(176,890)	$	13,218
OTC–cleared	89,861		(89,739)		122			97,417		(97,126)		291
Exchange-traded(a)	520		(520)		—			327		(305)		22
Total interest rate contracts	275,651		(261,831)		13,820			287,852		(274,321)		13,531
Credit contracts:
OTC	8,947		(8,140)		807			8,054		(7,572)		482
OTC–cleared	2,353		(2,353)		—			1,674		(1,645)		29
Total credit contracts	11,300		(10,493)		807			9,728		(9,217)		511
Foreign exchange contracts:
OTC	231,710		(220,852)		10,858			246,457		(231,248)		15,209
OTC–cleared	749		(665)		84			1,488		(1,417)		71
Exchange-traded(a)	5		(2)		3			20		—		20
Total foreign exchange contracts	232,464		(221,519)		10,945			247,965		(232,665)		15,300
Equity contracts:
OTC	26,659		(24,354)		2,305			29,833		(26,554)		3,279
Exchange-traded(a)	32,967		(31,070)		1,897			28,291		(27,103)		1,188
Total equity contracts	59,626		(55,424)		4,202			58,124		(53,657)		4,467
Commodity contracts:
OTC	8,850		(6,235)		2,615			11,954		(7,642)		4,312
OTC–cleared	109		(109)		—			112		(112)		—
Exchange-traded(a)	6,147		(5,916)		231			9,021		(8,758)		263
Total commodity contracts	15,106		(12,260)		2,846			21,087		(16,512)		4,575
Derivative payables with appropriate legal opinion	594,147		(561,527)		32,620		(d)	624,756		(586,372)		38,384		(d)
Derivative payables where an appropriate legal opinion has not been either sought or obtained	9,343				9,343			12,757				12,757
Total derivative payables recognized on the Consolidated balance sheets	$	603,490			$	41,963		$	637,513			$	51,141
Collateral not nettable on the Consolidated balance sheets(b)(c)					(4,382)							(3,318)
Net amounts					$	37,581						$	47,823

(a)Exchange-traded derivative balances that relate to futures contracts are settled daily.

(c)Derivative collateral relates only to OTC and OTC-cleared derivative instruments.

Current credit risk of derivative receivables and liquidity risk of derivative payables


OTC and OTC-cleared derivative payables containing downgrade triggers
(in millions)	September 30, 2023			December 31, 2022
Aggregate fair value of net derivative payables		$	14,023		$	16,023
Collateral posted		13,990			15,505


Liquidity impact of downgrade triggers on OTC and OTC-cleared derivatives
	September 30, 2023				December 31, 2022
(in millions)	Single-notch downgrade		Two-notch downgrade		Single-notch downgrade		Two-notch downgrade
Amount of additional collateral to be posted upon downgrade(a)	$	111	$	1,335	$	128	$	1,293
Amount required to settle contracts with termination triggers upon downgrade(b)	98		725		88		925

(a)Includes the additional collateral to be posted for initial margin.

(b)Amounts represent fair values of derivative payables, and do not reflect collateral posted.

Fair value hedge gains and losses


	Gains/(losses) recorded in income						Income statement impact of excluded components(e)				OCI impact
Three months ended September 30, 2023 (in millions)	Derivatives		Hedged items		Income statement impact		Amortization approach		Changes in fair value		Derivatives - Gains/(losses) recorded in OCI(f)
Contract type
Interest rate(a)(b)	$	620	$	(577)	$	43	$	—	$	61	$	—
Foreign exchange(c)	(18)		71		53		(145)		53		(7)
Commodity(d)	938		(799)		139		—		145		—
Total	$	1,540	$	(1,305)	$	235	$	(145)	$	259	$	(7)


	Gains/(losses) recorded in income						Income statement impact of excluded components(e)				OCI impact
Three months ended September 30, 2022 (in millions)	Derivatives		Hedged items		Income statement impact		Amortization approach		Changes in fair value		Derivatives - Gains/(losses) recorded in OCI(f)
Contract type
Interest rate(a)(b)	$	(2,947)	$	2,819	$	(128)	$	—	$	(93)	$	—
Foreign exchange(c)	(1,044)		1,082		38		(170)		39		50
Commodity(d)	5,000		(4,992)		8		—		26		—
Total	$	1,009	$	(1,091)	$	(82)	$	(170)	$	(28)	$	50


	Gains/(losses) recorded in income						Income statement impact of excluded components(e)				OCI impact
Nine months ended September 30, 2023 (in millions)	Derivatives		Hedged items		Income statement impact		Amortization approach		Changes in fair value		Derivatives - Gains/(losses) recorded in OCI(f)
Contract type
Interest rate(a)(b)	$	1,641	$	(1,516)	$	125	$	—	$	75	$	—
Foreign exchange(c)	394		(211)		183		(474)		183		(20)
Commodity(d)	(180)		536		356		—		362		—
Total	$	1,855	$	(1,191)	$	664	$	(474)	$	620	$	(20)


	Gains/(losses) recorded in income						Income statement impact of excluded components(e)				OCI impact
Nine months ended September 30, 2022 (in millions)	Derivatives		Hedged items		Income statement impact		Amortization approach		Changes in fair value		Derivatives - Gains/(losses) recorded in OCI(f)
Contract type
Interest rate(a)(b)	$	(14,484)	$	14,167	$	(317)	$	—	$	(238)	$	—
Foreign exchange(c)	(2,552)		2,600		48		(350)		49		262
Commodity(d)	3,288		(3,381)		(93)		—		(84)		—
Total	$	(13,748)	$	13,386	$	(362)	$	(350)	$	(273)	$	262

Schedule of amounts recorded on Consolidated Balance Sheets related to certain cumulative fair value hedge basis adjustments


	Carrying amount of the hedged items(a)(b)			Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged items:
September 30, 2023 (in millions)				Active hedging relationships(d)		Discontinued hedging relationships(d)(e)		Total
Assets
Investment securities - AFS	$	129,501	(c)	$	(5,006)	$	(3,636)	$	(8,642)
Liabilities
Long-term debt	180,160			(7,717)		(9,191)		(16,908)

	Carrying amount of the hedged items(b)(c)			Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged items:
December 31, 2022 (in millions)				Active hedging relationships(d)		Discontinued hedging relationships(d)(e)		Total
Assets
Investment securities - AFS	$	84,073	(c)	$	(4,149)	$	(1,542)	$	(5,691)
Liabilities
Long-term debt	175,257			(11,879)		(3,313)		(15,192)

(e)Represents basis adjustments existing on the balance sheet date associated with hedged items that have been de-designated from qualifying fair value hedging relationships.

Cash flow hedge gains and losses


	Derivatives gains/(losses) recorded in income and other comprehensive income/(loss)
Three months ended September 30, 2023 (in millions)	Amounts reclassified from AOCI to income		Amounts recorded in OCI		Total change in OCI for period
Contract type
Interest rate(a)	$	(514)	$	(1,087)	$	(573)
Foreign exchange(b)	71		(122)		(193)
Total	$	(443)	$	(1,209)	$	(766)

	Derivatives gains/(losses) recorded in income and other comprehensive income/(loss)
Three months ended September 30, 2022 (in millions)	Amounts reclassified from AOCI to income		Amounts recorded in OCI		Total change in OCI for period
Contract type
Interest rate(a)	$	(160)	$	(2,279)	$	(2,119)
Foreign exchange(b)	(118)		(232)		(114)
Total	$	(278)	$	(2,511)	$	(2,233)

	Derivatives gains/(losses) recorded in income and other comprehensive income/(loss)
Nine months ended September 30, 2023 (in millions)	Amounts reclassified from AOCI to income		Amounts recorded in OCI		Total change in OCI for period
Contract type
Interest rate(a)	$	(1,416)	$	(1,825)	$	(409)
Foreign exchange(b)	25		64		39
Total	$	(1,391)	$	(1,761)	$	(370)

	Derivatives gains/(losses) recorded in income and other comprehensive income/(loss)
Nine months ended September 30, 2022 (in millions)	Amounts reclassified from AOCI to income		Amounts recorded in OCI		Total change in OCI for period
Contract type
Interest rate(a)	$	169	$	(7,149)	$	(7,318)
Foreign exchange(b)	(186)		(548)		(362)
Total	$	(17)	$	(7,697)	$	(7,680)

(a)Primarily consists of hedges of SOFR-indexed floating-rate assets. Gains and losses were recorded in net interest income.

Net investment hedge gains and losses


	Gains/(losses) recorded in income and other comprehensive income/(loss)
	2023					2022
Three months ended September 30, (in millions)	Amounts recorded in income(a)(b)			Amounts recorded in OCI		Amounts recorded in income(a)(b)			Amounts recorded in OCI
Foreign exchange derivatives		$	26	$	1,650		$	26	$	2,992

	Gains/(losses) recorded in income and other comprehensive income/(loss)
	2023					2022
Nine months ended September 30, (in millions)	Amounts recorded in income(a)(b)			Amounts recorded in OCI		Amounts recorded in income(a)(b)			Amounts recorded in OCI
Foreign exchange derivatives		$	231	$	558		$	(221)	$	6,850

Risk management derivatives gains and losses (not designated as hedging instruments)


	Derivatives gains/(losses) recorded in income
	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Contract type
Interest rate(a)	$	(259)	$	(215)	$	(385)	$	(753)
Credit(b)	(39)		(17)		(202)		105
Foreign exchange(c)	(22)		(3)		21		(79)
Total	$	(320)	$	(235)	$	(566)	$	(727)

Credit derivatives table

Total credit derivatives and credit-related notes


	Maximum payout/Notional amount
September 30, 2023 (in millions)	Protection sold		Protection purchased with identical underlyings(c)			Net protection (sold)/purchased(d)		Other protection purchased(e)
Credit derivatives
Credit default swaps	$	(561,857)		$	581,432	$	19,575	$	4,536
Other credit derivatives(a)	(46,909)			54,830		7,921		25,537
Total credit derivatives	(608,766)			636,262		27,496		30,073
Credit-related notes(b)	—			—		—		7,520
Total	$	(608,766)		$	636,262	$	27,496	$	37,593

	Maximum payout/Notional amount
December 31, 2022 (in millions)	Protection sold		Protection purchased with identical underlyings(c)			Net protection (sold)/purchased(d)		Other protection purchased(e)
Credit derivatives
Credit default swaps	$	(495,557)		$	509,846	$	14,289	$	2,917
Other credit derivatives(a)	(47,165)			65,029		17,864		11,746
Total credit derivatives	(542,722)			574,875		32,153		14,663
Credit-related notes(b)	—			—		—		7,863
Total	$	(542,722)		$	574,875	$	32,153	$	22,526

(a)Other credit derivatives predominantly consist of credit swap options and total return swaps.

(b)Represents Other protection purchased by CIB, primarily in its market-making businesses.

(e)Represents protection purchased by the Firm on referenced instruments (single-name, portfolio or index) where the Firm has not sold any protection on the identical reference instrument.

Protection sold - credit derivatives ratings/maturity profile


Protection sold — credit derivatives ratings(a)/maturity profile
September 30, 2023 (in millions)	<1 year		1–5 years		>5 years		Total notional amount		Fair value of receivables(b)		Fair value of payables(b)		Net fair value
Risk rating of reference entity
Investment-grade	$	(88,064)	$	(299,190)	$	(78,835)	$	(466,089)	$	3,584	$	(1,774)	$	1,810
Noninvestment-grade	(34,254)		(86,100)		(22,323)		(142,677)		2,072		(1,799)		273
Total	$	(122,318)	$	(385,290)	$	(101,158)	$	(608,766)	$	5,656	$	(3,573)	$	2,083


December 31, 2022 (in millions)	<1 year		1–5 years		>5 years		Total notional amount		Fair value of receivables(b)		Fair value of payables(b)		Net fair value
Risk rating of reference entity
Investment-grade	$	(90,484)	$	(294,791)	$	(30,822)	$	(416,097)	$	2,324	$	(1,495)	$	829
Noninvestment-grade	(33,244)		(87,011)		(6,370)		(126,625)		1,267		(3,209)		(1,942)
Total	$	(123,728)	$	(381,802)	$	(37,192)	$	(542,722)	$	3,591	$	(4,704)	$	(1,113)

(a)The ratings scale is primarily based on external credit ratings defined by S&P and Moody’s.

(b)Amounts are shown on a gross basis, before the benefit of legally enforceable master netting agreements including cash collateral netting.

Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Assets and liabilities measured at fair value on a recurring basis

The following table presents the assets and liabilities reported at fair value as of September 30, 2023 and December 31, 2022, by major product category and fair value hierarchy.


Assets and liabilities measured at fair value on a recurring basis
	Fair value hierarchy						Derivative netting adjustments(f)

September 30, 2023 (in millions)	Level 1		Level 2		Level 3				Total fair value
Federal funds sold and securities purchased under resale agreements	$	—	$	344,193	$	—	$	—	$	344,193
Securities borrowed	—		68,046		—		—		68,046
Trading assets:
Debt instruments:
Mortgage-backed securities:
U.S. GSEs and government agencies(a)	—		88,624		779		—		89,403
Residential – nonagency	—		2,164		5		—		2,169
Commercial – nonagency	—		1,677		13		—		1,690
Total mortgage-backed securities	—		92,465		797		—		93,262
U.S. Treasury, GSEs and government agencies(a)	123,392		9,100		—		—		132,492
Obligations of U.S. states and municipalities	—		6,265		9		—		6,274
Certificates of deposit, bankers’ acceptances and commercial paper	—		2,760		—		—		2,760
Non-U.S. government debt securities	34,373		54,850		151		—		89,374
Corporate debt securities	—		32,734		652		—		33,386
Loans	—		7,098		1,048		—		8,146
Asset-backed securities	—		2,960		6		—		2,966
Total debt instruments	157,765		208,232		2,663		—		368,660
Equity securities	135,880		976		151		—		137,007
Physical commodities(b)	2,657		10,409		5		—		13,071
Other	—		16,040		103		—		16,143
Total debt and equity instruments(c)	296,302		235,657		2,922		—		534,881
Derivative receivables:
Interest rate	5,929		280,613		4,399		(259,844)		31,097
Credit	—		10,418		1,198		(10,298)		1,318
Foreign exchange	275		235,721		1,320		(214,708)		22,608
Equity	—		54,647		3,531		(52,458)		5,720
Commodity	—		17,272		196		(11,141)		6,327
Total derivative receivables	6,204		598,671		10,644		(548,449)		67,070
Total trading assets(d)	302,506		834,328		13,566		(548,449)		601,951
Available-for-sale securities:
Mortgage-backed securities:
U.S. GSEs and government agencies(a)	6		82,511		—		—		82,517
Residential – nonagency	—		3,578		—		—		3,578
Commercial – nonagency	—		2,558		—		—		2,558
Total mortgage-backed securities	6		88,647		—		—		88,653
U.S. Treasury and government agencies	53,241		118		—		—		53,359
Obligations of U.S. states and municipalities	—		19,662		—		—		19,662
Non-U.S. government debt securities	18,196		8,317		—		—		26,513
Corporate debt securities	—		134		60		—		194
Asset-backed securities:
Collateralized loan obligations	—		5,703		—		—		5,703
Other(a)	—		3,035		—		—		3,035
Total available-for-sale securities	71,443		125,616		60		—		197,119
Loans(e)	—		35,125		3,683		—		38,808
Mortgage servicing rights	—		—		9,109		—		9,109
Other assets(d)	6,054		6,229		888		—		13,171
Total assets measured at fair value on a recurring basis	$	380,003	$	1,413,537	$	27,306	$	(548,449)	$	1,272,397
Deposits	$	—	$	63,154	$	1,852	$	—	$	65,006
Federal funds purchased and securities loaned or sold under repurchase agreements	—		211,571		—		—		211,571
Short-term borrowings	—		17,344		1,945		—		19,289
Trading liabilities:
Debt and equity instruments(c)	132,323		33,130		41		—		165,494
Derivative payables:
Interest rate	3,880		268,415		5,510		(261,831)		15,974
Credit	—		10,728		647		(10,493)		882
Foreign exchange	269		233,348		807		(221,519)		12,905
Equity	—		57,499		4,830		(55,424)		6,905
Commodity	—		17,238		319		(12,260)		5,297
Total derivative payables	4,149		587,228		12,113		(561,527)		41,963
Total trading liabilities	136,472		620,358		12,154		(561,527)		207,457
Accounts payable and other liabilities	2,999		1,430		63		—		4,492
Beneficial interests issued by consolidated VIEs	—		66		—		—		66
Long-term debt	—		53,510		24,847		—		78,357
Total liabilities measured at fair value on a recurring basis	$	139,471	$	967,433	$	40,861	$	(561,527)	$	586,238


	Fair value hierarchy						Derivative netting adjustments(f)

December 31, 2022 (in millions)	Level 1		Level 2		Level 3				Total fair value
Federal funds sold and securities purchased under resale agreements	$	—	$	311,883	$	—	$	—	$	311,883
Securities borrowed	—		70,041		—		—		70,041
Trading assets:
Debt instruments:
Mortgage-backed securities:
U.S. GSEs and government agencies(a)	—		68,162		759		—		68,921
Residential – nonagency	—		2,498		5		—		2,503
Commercial – nonagency	—		1,448		7		—		1,455
Total mortgage-backed securities	—		72,108		771		—		72,879
U.S. Treasury, GSEs and government agencies(a)	61,191		8,546		—		—		69,737
Obligations of U.S. states and municipalities	—		6,608		7		—		6,615
Certificates of deposit, bankers’ acceptances and commercial paper	—		2,009		—		—		2,009
Non-U.S. government debt securities	18,213		48,429		155		—		66,797
Corporate debt securities	—		25,626		463		—		26,089
Loans	—		5,744		759		—		6,503
Asset-backed securities	—		2,536		23		—		2,559
Total debt instruments	79,404		171,606		2,178		—		253,188
Equity securities	82,483		2,060		665		—		85,208
Physical commodities(b)	9,595		16,673		2		—		26,270
Other	—		18,146		64		—		18,210
Total debt and equity instruments(c)	171,482		208,485		2,909		—		382,876
Derivative receivables:
Interest rate	3,390		292,956		4,069		(271,996)		28,419
Credit	—		9,722		607		(9,239)		1,090
Foreign exchange	169		240,207		1,203		(218,214)		23,365
Equity	—		57,485		4,428		(52,774)		9,139
Commodity	—		24,982		375		(16,490)		8,867
Total derivative receivables	3,559		625,352		10,682		(568,713)		70,880
Total trading assets(d)	175,041		833,837		13,591		(568,713)		453,756
Available-for-sale securities:
Mortgage-backed securities:
U.S. GSEs and government agencies(a)	3		71,500		—		—		71,503
Residential – nonagency	—		4,620		—		—		4,620
Commercial – nonagency	—		1,958		—		—		1,958
Total mortgage-backed securities	3		78,078		—		—		78,081
U.S. Treasury and government agencies	92,060		—		—		—		92,060
Obligations of U.S. states and municipalities	—		6,786		—		—		6,786
Non-U.S. government debt securities	10,591		9,105		—		—		19,696
Corporate debt securities	—		118		239		—		357
Asset-backed securities:
Collateralized loan obligations	—		5,792		—		—		5,792
Other	—		3,085		—		—		3,085
Total available-for-sale securities	102,654		102,964		239		—		205,857
Loans(e)	—		40,661		1,418		—		42,079
Mortgage servicing rights	—		—		7,973		—		7,973
Other assets(d)	7,544		6,065		405		—		14,014
Total assets measured at fair value on a recurring basis	$	285,239	$	1,365,451	$	23,626	$	(568,713)	$	1,105,603
Deposits	$	—	$	26,458	$	2,162	$	—	$	28,620
Federal funds purchased and securities loaned or sold under repurchase agreements	—		151,999		—		—		151,999
Short-term borrowings	—		14,391		1,401		—		15,792
Trading liabilities:
Debt and equity instruments(c)	98,719		28,032		84		—		126,835
Derivative payables:
Interest rate	2,643		284,280		3,368		(274,321)		15,970
Credit	—		9,377		594		(9,217)		754
Foreign exchange	160		250,647		714		(232,665)		18,856
Equity	—		57,649		4,812		(53,657)		8,804
Commodity	—		22,748		521		(16,512)		6,757
Total derivative payables	2,803		624,701		10,009		(586,372)		51,141
Total trading liabilities	101,522		652,733		10,093		(586,372)		177,976
Accounts payable and other liabilities	5,702		1,283		53		—		7,038
Beneficial interests issued by consolidated VIEs	—		5		—		—		5
Long-term debt	—		48,189		24,092		—		72,281
Total liabilities measured at fair value on a recurring basis	$	107,224	$	895,058	$	37,801	$	(586,372)	$	453,711

(a)At September 30, 2023 and December 31, 2022, included total U.S. GSE obligations of $90.8 billion and $73.8 billion, respectively, which were mortgage-related.

(c)Balances reflect the reduction of securities owned (long positions) by the amount of identical securities sold but not yet purchased (short positions).

Fair value inputs, assets and liabilities, quantitative information


Level 3 inputs(a)
September 30, 2023
Product/Instrument	Fair value (in millions)		Principal valuation technique	Unobservable inputs(g)	Range of input values		Average(i)
Residential mortgage-backed securities and loans(b)	$	1,664	Discounted cash flows	Yield	0%	80%		8%
				Prepayment speed	3%	11%		8%
				Conditional default rate	0%	5%		0%
				Loss severity	0%	110%		3%
Commercial mortgage-backed securities and loans(c)	2,255		Market comparables	Price	$0	$100		$81
Corporate debt securities	712		Market comparables	Price	$0	$242		$99
Loans(d)	1,609		Market comparables	Price	$0	$118		$75
Non-U.S. government debt securities	151		Market comparables	Price	$6	$102		$89
Net interest rate derivatives	(1,101)		Option pricing	Interest rate volatility	26bps	814bps		136bps
				Interest rate spread volatility	37bps	77bps		64bps
				Bermudan switch value	0%	52%		18%
				Interest rate correlation	(85)%	90%		15%
				IR-FX correlation	(35)%	60%		3%
	(10)		Discounted cash flows	Prepayment speed	0%	20%		5%
Net credit derivatives	520		Discounted cash flows	Credit correlation	35%	65%		49%
				Credit spread	0bps	13,323bps		340bps
				Recovery rate	10%	90%		41%
	31		Market comparables	Price	$0	$115		$73
Net foreign exchange derivatives	582		Option pricing	IR-FX correlation	(40)%	60%		20%
	(69)		Discounted cash flows	Prepayment speed	11%			11%
				Interest rate curve	0%	14%		6%
Net equity derivatives	(1,299)		Option pricing	Forward equity price(h)	83%	162%		102%
				Equity volatility	3%	203%		32%
				Equity correlation	17%	100%		57%
				Equity-FX correlation	(80)%	59%		(30)%
				Equity-IR correlation	10%	20%		18%
Net commodity derivatives	(123)		Option pricing	Oil commodity forward	37 $/BBL	273 $/BBL		155 $/BBL
				Natural gas commodity forward	1 $/MMBTU	8 $/MMBTU		5 $/MMBTU
				Commodity volatility	5%	23%		14%
				Commodity correlation	(35)%	80%		23%
MSRs	9,109		Discounted cash flows	Refer to Note 15
Long-term debt, short-term borrowings, and deposits(e)	27,295		Option pricing	Interest rate volatility	26bps	814bps		136bps
				Bermudan switch value	0%	52%		18%
				Interest rate correlation	(85)%	90%		15%
				IR-FX correlation	(35)%	60%		3%
				Equity correlation	17%	100%		57%
				Equity-FX correlation	(80)%	59%		(30)%
				Equity-IR correlation	10%	20%		18%
	1,349		Discounted cash flows	Credit correlation	35%	65%		49%
				Yield	5%	20%		13%
				Conditional default rate	0%	1%		1%
				Loss severity	0%	100%		50%
Other level 3 assets and liabilities, net(f)	1,058

(b)Comprises U.S. GSE and government agency securities of $779 million, nonagency securities of $5 million and non-trading loans of $880 million.

(c)Comprises nonagency securities of $13 million, trading loans of $72 million and non-trading loans of $2.2 billion.

(d)Comprises trading loans of $976 million and non-trading loans of $633 million.

(h)Forward equity price is expressed as a percentage of the current equity price.

(i)Amounts represent weighted averages except for derivative related inputs where arithmetic averages are used.

Changes in level 3 recurring fair value measurements


	Fair value measurements using significant unobservable inputs
Three months ended September 30, 2023 (in millions)	Fair value at July 1, 2023		Total realized/unrealized gains/(losses)											Transfers into level 3		Transfers (out of) level 3		Fair value at September 30, 2023			Change in unrealized gains/(losses) related to financial instruments held at September 30, 2023
						Purchases(g)		Sales				Settlements(h)
Assets:(a)
Federal funds sold and securities purchased under resale agreements	$	—	$	—		$	—	$	—			$	—	$	—	$	—		$	—	$	—
Trading assets:
Debt instruments:
Mortgage-backed securities:
U.S. GSEs and government agencies	706		(4)			118		(20)				(21)		—		—			779		(4)
Residential – nonagency	5		—			—		—				—		—		—			5		—
Commercial – nonagency	6		6			1		—				—		—		—			13		7
Total mortgage-backed securities	717		2			119		(20)				(21)		—		—			797		3
Obligations of U.S. states and municipalities	6		—			—		—				—		3		—			9		—
Non-U.S. government debt securities	199		9			16		(53)				—		—		(20)			151		18
Corporate debt securities	522		15			191		(56)				(1)		8		(27)			652		4
Loans	1,105		(56)			161		(172)				(12)		108		(86)			1,048		(56)
Asset-backed securities	14		1			—		(8)				—		—		(1)			6		1
Total debt instruments	2,563		(29)			487		(309)				(34)		119		(134)			2,663		(30)
Equity securities	631		2			26		(100)				(442)		41		(7)			151		7
Physical commodities	6		(2)			1		—				—		—		—			5		(2)
Other	113		(3)			9		—				(15)		—		(1)			103		(2)
Total trading assets – debt and equity instruments	3,313		(32)		(c)	523		(409)				(491)		160		(142)			2,922		(27)		(c)
Net derivative receivables:(b)
Interest rate	(1,122)		(162)			79		(127)				349		(56)		(72)			(1,111)		(267)
Credit	689		11			2		—				(150)		(4)		3			551		11
Foreign exchange	389		88			55		(18)				(5)		7		(3)			513		51
Equity	(1,881)		1,013			145		(222)				(385)		70		(39)			(1,299)		1,060
Commodity	(353)		113			3		(101)				31		—		184			(123)		104
Total net derivative receivables	(2,278)		1,063		(c)	284		(468)				(160)		17		73			(1,469)		959		(c)
Available-for-sale securities:
Corporate debt securities	267		(4)			—		(165)				—		—		(38)			60		(3)
Total available-for-sale securities	267		(4)		(d)	—		(165)				—		—		(38)			60		(3)		(d)
Loans	3,808		110		(c)	24		(34)				(442)		276		(59)			3,683		25		(c)
Mortgage servicing rights	8,229		596		(e)	650		(101)				(265)		—		—			9,109		596		(e)
Other assets	417		(1)		(c)	498		(11)				(14)		—		(1)			888		(1)		(c)

	Fair value measurements using significant unobservable inputs
Three months ended September 30, 2023 (in millions)	Fair value at July 1, 2023		Total realized/unrealized (gains)/losses											Transfers into level 3		Transfers (out of) level 3		Fair value at September 30, 2023			Change in unrealized (gains)/losses related to financial instruments held at September 30, 2023
						Purchases		Sales		Issuances		Settlements(h)
Liabilities:(a)
Deposits	$	2,053	$	(34)	(c)(f)	$	—	$	—	$	341	$	(468)	$	—	$	(40)		$	1,852	$	(34)	(c)(f)
Short-term borrowings	1,704		22		(c)(f)	—		—		1,371		(1,150)		—		(2)			1,945		2		(c)(f)
Trading liabilities – debt and equity instruments	63		(5)		(c)	(2)		2		—		(2)		—		(15)			41		—
Accounts payable and other liabilities	68		(7)		(c)	(11)		13		—		—		—		—			63		(7)		(c)
Long-term debt	25,425		(764)		(c)(f)	—		—		3,380		(3,130)		18		(82)			24,847		(774)		(c)(f)


	Fair value measurements using significant unobservable inputs
Three months ended September 30, 2022 (in millions)	Fair value at July 1, 2022		Total realized/unrealized gains/(losses)											Transfers into level 3		Transfers (out of) level 3		Fair value at September 30, 2022			Change in unrealized gains/(losses) related to financial instruments held at September 30, 2022
						Purchases(g)		Sales				Settlements(h)
Assets:(a)
Federal funds sold and securities purchased under resale agreements	$	1	$	—		$	1	$	—			$	(1)	$	—	$	—		$	1	$	—
Trading assets:
Debt instruments:
Mortgage-backed securities:
U.S. GSEs and government agencies	803		5			5		—				(32)		—		(5)			776		5
Residential – nonagency	14		—			1		(5)				—		—		(1)			9		—
Commercial – nonagency	10		(1)			—		(1)				—		3		—			11		(1)
Total mortgage-backed securities	827		4			6		(6)				(32)		3		(6)			796		4
Obligations of U.S. states and municipalities	7		1			—		(1)				—		—		—			7		1
Non-U.S. government debt securities	205		(11)			21		(22)				(4)		8		(31)			166		(11)
Corporate debt securities	574		2			45		(75)				(28)		66		(236)			348		11
Loans	898		(15)			103		(144)				(43)		252		(186)			865		(16)
Asset-backed securities	20		5			15		(13)				—		—		(1)			26		1
Total debt instruments	2,531		(14)			190		(261)				(107)		329		(460)			2,208		(10)
Equity securities	661		(43)			16		(60)				(2)		18		(10)			580		(46)
Physical commodities	2		(1)			1		—				—		—		—			2		(1)
Other	87		19			10		—				(32)		1		(1)			84		15
Total trading assets – debt and equity instruments	3,281		(39)		(c)	217		(321)				(141)		348		(471)			2,874		(42)		(c)
Net derivative receivables:(b)
Interest rate	420		(574)			60		(108)				(38)		848		(53)			555		(552)
Credit	249		56			6		(1)				41		2		(10)			343		69
Foreign exchange	245		217			31		(43)				43		(1)		15			507		166
Equity	(1,234)		904			272		(424)				385		(134)		(95)			(326)		902
Commodity	26		116			14		(51)				29		4		61			199		141
Total net derivative receivables	(294)		719		(c)	383		(627)				460		719		(82)			1,278		726		(c)
Available-for-sale securities:
Corporate debt securities	186		(6)			—		—				—		—		—			180		(6)
Total available-for-sale securities	186		(6)		(d)	—		—				—		—		—			180		(6)		(d)
Loans	2,020		(53)		(c)	37		(85)				(102)		213		(456)			1,574		(52)		(c)
Mortgage servicing rights	7,439		504		(e)	510		(79)				(234)		—		—			8,140		504		(e)
Other assets	408		11		(c)	2		(1)				(44)		—		—			376		11		(c)

	Fair value measurements using significant unobservable inputs
Three months ended September 30, 2022 (in millions)	Fair value at July 1, 2022		Total realized/unrealized (gains)/losses											Transfers into level 3		Transfers (out of) level 3		Fair value at September 30, 2022			Change in unrealized (gains)/losses related to financial instruments held at September 30, 2022
						Purchases		Sales		Issuances		Settlements(h)
Liabilities:(a)
Deposits	$	2,032	$	(152)	(c)(f)	$	—	$	—	$	24	$	(18)	$	—	$	(60)		$	1,826	$	(154)	(c)(f)
Short-term borrowings	2,101		(22)		(c)(f)	—		—		863		(1,354)		—		(4)			1,584		(51)		(c)(f)
Trading liabilities – debt and equity instruments	56		3		(c)	(5)		14		—		—		7		(4)			71		7		(c)
Accounts payable and other liabilities	73		(4)		(c)	—		—		—		—		—		—			69		(4)		(c)
Long-term debt	23,077		(1,037)		(c)(f)	—		—		2,943		(2,404)		297		(448)			22,428		(1,075)		(c)(f)


	Fair value measurements using significant unobservable inputs
Nine months ended September 30, 2023 (in millions)	Fair value at Jan 1, 2023		Total realized/unrealized gains/(losses)											Transfers into level 3		Transfers (out of) level 3		Fair value at September 30, 2023			Change in unrealized gains/(losses) related to financial instruments held at September 30, 2023
						Purchases(g)		Sales				Settlements(h)
Assets:(a)
Federal funds sold and securities purchased under resale agreements	$	—	$	—		$	—	$	—			$	—	$	—	$	—		$	—	$	—
Trading assets:
Debt instruments:
Mortgage-backed securities:
U.S. GSEs and government agencies	759		3			249		(133)				(85)		—		(14)			779		3
Residential – nonagency	5		7			—		(6)				(2)		1		—			5		—
Commercial – nonagency	7		6			1		—				(1)		8		(8)			13		5
Total mortgage-backed securities	771		16			250		(139)				(88)		9		(22)			797		8
Obligations of U.S. states and municipalities	7		—			—		(1)				—		3		—			9		—
Non-U.S. government debt securities	155		49			116		(149)				—		—		(20)			151		86
Corporate debt securities	463		39			301		(116)				(3)		38		(70)			652		34
Loans	759		(54)			843		(299)				(125)		233		(309)			1,048		(28)
Asset-backed securities	23		1			5		(11)				(1)		5		(16)			6		(1)
Total debt instruments	2,178		51			1,515		(715)				(217)		288		(437)			2,663		99
Equity securities	665		(45)			134		(207)				(442)		181		(135)			151		(28)
Physical Commodities	2		(2)			7		—				(2)		—		—			5		5
Other	64		(43)			105		—				(19)		1		(5)			103		(25)
Total trading assets – debt and equity instruments	2,909		(39)		(c)	1,761		(922)				(680)		470		(577)			2,922		51		(c)
Net derivative receivables:(b)
Interest rate	701		(859)			174		(219)				376		(1,135)		(149)			(1,111)		(789)
Credit	13		485			5		(4)				52		22		(22)			551		487
Foreign exchange	489		140			134		(126)				(206)		126		(44)			513		114
Equity	(384)		1,036			758		(1,584)				(1,111)		530		(544)			(1,299)		936
Commodity	(146)		71			42		(219)				(80)		(11)		220			(123)		57
Total net derivative receivables	673		873		(c)	1,113		(2,152)				(969)		(468)		(539)			(1,469)		805		(c)
Available-for-sale securities:
Corporate debt securities	239		24			—		(165)				—		—		(38)			60		22
Total available-for-sale securities	239		24		(d)	—		(165)				—		—		(38)			60		22		(d)
Loans	1,418		133		(c)	2,309		(107)				(1,027)		1,193		(236)			3,683		29		(c)
Mortgage servicing rights	7,973		860		(e)	1,227		(191)				(760)		—		—			9,109		860		(e)
Other assets	405		20		(c)	515		(13)				(44)		8		(3)			888		56		(c)

	Fair value measurements using significant unobservable inputs
Nine months ended September 30, 2023 (in millions)	Fair value at Jan 1, 2023		Total realized/unrealized (gains)/losses											Transfers into level 3		Transfers (out of) level 3		Fair value at September 30, 2023			Change in unrealized (gains)/losses related to financial instruments held at September 30, 2023
						Purchases		Sales		Issuances		Settlements(h)
Liabilities:(a)
Deposits	$	2,162	$	(37)	(c)(f)	$	—	$	—	$	608	$	(716)	$	—	$	(165)		$	1,852	$	(41)	(c)(f)
Short-term borrowings	1,401		162		(c)(f)	—		—		3,613		(3,209)		2		(24)			1,945		12		(c)(f)
Trading liabilities – debt and equity instruments	84		(18)		(c)	(29)		8		—		(4)		18		(18)			41		3		(c)
Accounts payable and other liabilities	53		(3)		(c)	(13)		20		—		—		8		(2)			63		(3)		(c)
Long-term debt	24,092		917		(c)(f)	—		—		8,780		(8,655)		222		(509)			24,847		667		(c)(f)


	Fair value measurements using significant unobservable inputs
Nine months ended September 30, 2022 (in millions)	Fair value at Jan 1, 2022		Total realized/unrealized gains/(losses)											Transfers into level 3		Transfers (out of) level 3		Fair value at September 30, 2022			Change in unrealized gains/(losses) related to financial instruments held at September 30, 2022
						Purchases(g)		Sales				Settlements(h)
Assets:(a)
Federal funds sold and securities purchased under resale agreements	$	—	$	—		$	1	$	—			$	(1)	$	1	$	—		$	1	$	—
Trading assets:
Debt instruments:
Mortgage-backed securities:
U.S. GSEs and government agencies	265		31			670		(125)				(60)		—		(5)			776		29
Residential – nonagency	28		—			6		(5)				(12)		—		(8)			9		(1)
Commercial – nonagency	10		(1)			—		(1)				—		3		—			11		(1)
Total mortgage-backed securities	303		30			676		(131)				(72)		3		(13)			796		27
Obligations of U.S. states and municipalities	7		1			—		(1)				—		—		—			7		2
Non-U.S. government debt securities	81		(53)			426		(288)				(4)		51		(47)			166		(50)
Corporate debt securities	332		(33)			378		(146)				(65)		164		(282)			348		(27)
Loans	708		(52)			522		(406)				(202)		777		(482)			865		(25)
Asset-backed securities	26		5			17		(23)				—		5		(4)			26		1
Total debt instruments	1,457		(102)			2,019		(995)				(343)		1,000		(828)			2,208		(72)
Equity securities	662		(955)			337		(361)				(2)		977		(78)			580		(407)
Physical Commodities	—		(1)			3		—				—		—		—			2		(1)
Other	160		86			36		—				(195)		1		(4)			84		58
Total trading assets – debt and equity instruments	2,279		(972)		(c)	2,395		(1,356)				(540)		1,978		(910)			2,874		(422)		(c)
Net derivative receivables:(b)
Interest rate	(16)		(181)			285		(337)				218		865		(279)			555		25
Credit	74		387			14		(8)				(120)		—		(4)			343		367
Foreign exchange	(419)		755			178		(86)				75		17		(13)			507		716
Equity	(3,626)		3,472			932		(1,449)				688		(692)		349			(326)		3,106
Commodity	(907)		920			82		(257)				297		3		61			199		878
Total net derivative receivables	(4,894)		5,353		(c)	1,491		(2,137)				1,158		193		114			1,278		5,092		(c)
Available-for-sale securities:
Corporate debt securities	161		2			17		—				—		—		—			180		2
Total available-for-sale securities	161		2		(d)	17		—				—		—		—			180		2		(d)
Loans	1,933		(37)		(c)	431		(185)				(633)		829		(764)			1,574		79		(c)
Mortgage servicing rights	5,494		2,117		(e)	1,981		(750)				(702)		—		—			8,140		2,117		(e)
Other assets	306		136		(c)	48		(29)				(81)		2		(6)			376		131		(c)

	Fair value measurements using significant unobservable inputs
Nine months ended September 30, 2022 (in millions)	Fair value at Jan 1, 2022		Total realized/unrealized (gains)/losses											Transfers into level 3		Transfers (out of) level 3		Fair value at September 30, 2022			Change in unrealized (gains)/losses related to financial instruments held at September 30, 2022
						Purchases		Sales		Issuances		Settlements(h)
Liabilities:(a)
Deposits	$	2,317	$	(454)	(c)(f)	$	—	$	—	$	270	$	(87)	$	—	$	(220)		$	1,826	$	(446)	(c)(f)
Short-term borrowings	2,481		(409)		(c)(f)	—		—		3,249		(3,737)		15		(15)			1,584		17		(c)(f)
Trading liabilities – debt and equity instruments	30		(13)		(c)	(39)		48		—		—		51		(6)			71		14		(c)
Accounts payable and other liabilities	69		(10)		(c)	(28)		43		—		—		1		(6)			69		(9)		(c)
Long-term debt	24,374		(5,345)		(c)(f)	—		—		10,463		(6,925)		739		(878)			22,428		(5,097)		(c)(f)

(b)All level 3 derivatives are presented on a net basis, irrespective of the underlying counterparty.

(e)Changes in fair value for MSRs are reported in mortgage fees and related income.

(g)Loan originations are included in purchases.

Impact of credit adjustments on earnings


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Credit and funding adjustments:
Derivatives CVA	$	90	$	(6)	$	211	$	(171)
Derivatives FVA	56		5		111		(46)

Assets and liabilities measured at fair value on a nonrecurring basis


	Fair value hierarchy							Total fair value
September 30, 2023 (in millions)	Level 1		Level 2		Level 3
Loans	$	—	$	666	$	1,014	(b)	$	1,680
Other assets(a)	—		37		1,276			1,313
Total assets measured at fair value on a nonrecurring basis	$	—	$	703	$	2,290		$	2,993
Accounts payable and other liabilities	—		—		—			—
Total liabilities measured at fair value on a nonrecurring basis	$	—	$	—	$	—		$	—


	Fair value hierarchy						Total fair value
September 30, 2022 (in millions)	Level 1		Level 2		Level 3
Loans	$	—	$	1,142	$	927	$	2,069
Other assets	—		37		1,119		1,156
Total assets measured at fair value on a nonrecurring basis	$	—	$	1,179	$	2,046	$	3,225
Accounts payable and other liabilities	—		—		112		112
Total liabilities measured at fair value on a nonrecurring basis	$	—	$	—	$	112	$	112


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Loans	$	(75)	$	(28)	$	(200)	$	(77)
Other assets(a)	(376)		(76)		(536)		(122)
Accounts payable and other liabilities	—		52		—		(108)
Total nonrecurring fair value gains/(losses)	$	(451)	$	(52)	$	(736)	$	(307)

Schedule of equity securities without readily determinable fair values measured under the measurement alternative and related adjustments


	Three months ended September 30,				Nine months ended September 30,
As of or for the period ended, (in millions)	2023		2022		2023		2022
Other assets
Carrying value(a)	$	4,499	$	4,229	$	4,499	$	4,229
Upward carrying value changes(b)	50		40		90		486
Downward carrying value changes/impairment(c)	(17)		(116)		(150)		(591)

(a)The carrying value as of December 31, 2022 was $4.1 billion. The period-end carrying values reflect cumulative purchases and sales in addition to upward and downward carrying value changes.

(b)The cumulative upward carrying value changes between January 1, 2018 and September 30, 2023 were $1.3 billion.

(c)The cumulative downward carrying value changes/impairment between January 1, 2018 and September 30, 2023 were $(1.1) billion.

Carrying value and estimated fair value of financial assets and liabilities


	September 30, 2023										December 31, 2022
			Estimated fair value hierarchy										Estimated fair value hierarchy
(in billions)	Carrying value		Level 1		Level 2		Level 3		Total estimated fair value		Carrying value		Level 1		Level 2		Level 3		Total estimated fair value
Financial assets
Cash and due from banks	$	24.9	$	24.9	$	—	$	—	$	24.9	$	27.7	$	27.7	$	—	$	—	$	27.7
Deposits with banks	486.4		485.7		0.7		—		486.4		539.5		539.3		0.2		—		539.5
Accrued interest and accounts receivable	127.4		—		127.3		0.1		127.4		124.7		—		124.6		0.1		124.7
Federal funds sold and securities purchased under resale agreements	5.9		—		5.9		—		5.9		3.7		—		3.7		—		3.7
Securities borrowed	120.2		—		120.2		—		120.2		115.3		—		115.3		—		115.3
Investment securities, held-to-maturity	388.3		170.0		178.7		—		348.7		425.3		189.1		199.5		—		388.6
Loans, net of allowance for loan losses(a)	1,249.4		—		270.4		942.1		1,212.5		1,073.9		—		194.0		853.9		1,047.9
Other	71.1		—		69.2		2.0		71.2		101.2		—		99.6		1.7		101.3
Financial liabilities
Deposits	$	2,314.5	$	—	$	2,314.6	$	—	$	2,314.6	$	2,311.6	$	—	$	2,311.5	$	—	$	2,311.5
Federal funds purchased and securities loaned or sold under repurchase agreements	57.2		—		57.2		—		57.2		50.6		—		50.6		—		50.6
Short-term borrowings(b)	26.2		—		26.2		—		26.2		28.2		—		28.2		—		28.2
Accounts payable and other liabilities	249.0		—		239.8		8.7		248.5		257.5		—		251.2		5.6		256.8
Beneficial interests issued by consolidated VIEs	24.8		—		24.8		—		24.8		12.6		—		12.6		—		12.6
Long-term debt(b)	284.4		—		227.8		49.9		277.7		223.6		—		216.5		2.8		219.3

The carrying value and estimated fair value of wholesale lending-related commitments


	September 30, 2023										December 31, 2022
			Estimated fair value hierarchy										Estimated fair value hierarchy
(in billions)	Carrying value(a)(b)(c)		Level 1		Level 2		Level 3		Total estimated fair value		Carrying value(a)(b)		Level 1		Level 2		Level 3		Total estimated fair value
Wholesale lending-related commitments	$	3.3	$	—	$	—	$	5.1	$	5.1	$	2.3	$	—	$	—	$	3.2	$	3.2

(a)Excludes the current carrying values of the guarantee liability and the offsetting asset, each of which is recognized at fair value at the inception of the guarantees.

(b)Includes the wholesale allowance for lending-related commitments.

Investment Securities (Tables)

9 Months Ended

Sep. 30, 2023

Investments, Debt and Equity Securities [Abstract]

Available-for-sale amortized costs and estimated fair values

The amortized costs and estimated fair values of the investment securities portfolio were as follows for the dates indicated.


	September 30, 2023									December 31, 2022
(in millions)	Amortized cost(c)(d)		Gross unrealized gains		Gross unrealized losses		Fair value			Amortized cost(c)(d)		Gross unrealized gains		Gross unrealized losses		Fair value
Available-for-sale securities
Mortgage-backed securities:
U.S. GSEs and government agencies	$	90,398	$	86	$	7,967	$	82,517		$	77,194	$	479	$	6,170	$	71,503
Residential:
U.S.	2,063		1		137		1,927			1,576		1		111		1,466
Non-U.S.	1,649		4		2		1,651			3,176		5		27		3,154
Commercial	2,723		1		166		2,558			2,113		—		155		1,958
Total mortgage-backed securities	96,833		92		8,272		88,653			84,059		485		6,463		78,081
U.S. Treasury and government agencies	54,823		237		1,701		53,359			95,217		302		3,459		92,060
Obligations of U.S. states and municipalities	21,648		66		2,052		19,662			7,103		86		403		6,786
Non-U.S. government debt securities	27,064		13		564		26,513			20,360		14		678		19,696
Corporate debt securities	218		—		24		194			381		—		24		357
Asset-backed securities:
Collateralized loan obligations	5,730		7		34		5,703			5,916		1		125		5,792
Other	3,075		4		44		3,035			3,152		2		69		3,085
Unallocated portfolio layer fair value basis adjustments(a)	(2,891)		—		(2,891)		NA			NA		NA		NA		NA
Total available-for-sale securities	206,500		419		9,800		197,119		(e)	216,188		890		11,221		205,857
Held-to-maturity securities(b)
Mortgage-backed securities:
U.S. GSEs and government agencies	107,718		—		17,696		90,022			113,492		35		13,709		99,818
U.S. Residential	9,979		1		1,413		8,567			10,503		3		1,244		9,262
Commercial	10,598		2		796		9,804			10,361		10		734		9,637
Total mortgage-backed securities	128,295		3		19,905		108,393			134,356		48		15,687		118,717
U.S. Treasury and government agencies	187,819		—		17,813		170,006			207,463		—		18,363		189,100
Obligations of U.S. states and municipalities	10,730		1		1,304		9,427			19,747		53		1,080		18,720
Asset-backed securities:
Collateralized loan obligations	59,487		64		531		59,020			61,414		4		1,522		59,896
Other	1,930		1		76		1,855			2,325		—		110		2,215
Total held-to-maturity securities	388,261		69		39,629		348,701			425,305		105		36,762		388,648
Total investment securities, net of allowance for credit losses	$	594,761	$	488	$	49,429	$	545,820		$	641,493	$	995	$	47,983	$	594,505

(a)Represents the amount of portfolio layer method basis adjustments related to AFS securities hedged in a closed portfolio. Under U.S. GAAP portfolio layer method basis adjustments are not allocated to individual securities, however the amounts impact the unrealized gains or losses in the table for the types of securities being hedged. Refer to Note 1 and Note 5 for additional information.

(b)There were no purchases of HTM securities for the three months ended September 30, 2023; the Firm purchased $4.1 billion of HTM securities for the nine months ended September 30, 2023, and $1.8 billion and $29.3 billion for the three and nine months ended September 30, 2022, respectively.

(c)The amortized cost of investment securities is reported net of allowance for credit losses of $117 million and $96 million at September 30, 2023 and December 31, 2022, respectively.

(d)Excludes $2.8 billion and $2.5 billion of accrued interest receivable at September 30, 2023 and December 31, 2022, respectively. The Firm did not reverse through interest income any accrued interest receivable for the three and nine months ended September 30, 2023 and 2022. Refer to Note 10 of JPMorgan Chase’s 2022 Form 10-K for further discussion of accounting policies for accrued interest receivable on investment securities.

(e)As of September 30, 2023, included $22.9 billion of AFS securities associated with First Republic. Refer to Note 28 for additional information.

Held-to-maturity securities amortized costs and estimated fair values

The amortized costs and estimated fair values of the investment securities portfolio were as follows for the dates indicated.


	September 30, 2023									December 31, 2022
(in millions)	Amortized cost(c)(d)		Gross unrealized gains		Gross unrealized losses		Fair value			Amortized cost(c)(d)		Gross unrealized gains		Gross unrealized losses		Fair value
Available-for-sale securities
Mortgage-backed securities:
U.S. GSEs and government agencies	$	90,398	$	86	$	7,967	$	82,517		$	77,194	$	479	$	6,170	$	71,503
Residential:
U.S.	2,063		1		137		1,927			1,576		1		111		1,466
Non-U.S.	1,649		4		2		1,651			3,176		5		27		3,154
Commercial	2,723		1		166		2,558			2,113		—		155		1,958
Total mortgage-backed securities	96,833		92		8,272		88,653			84,059		485		6,463		78,081
U.S. Treasury and government agencies	54,823		237		1,701		53,359			95,217		302		3,459		92,060
Obligations of U.S. states and municipalities	21,648		66		2,052		19,662			7,103		86		403		6,786
Non-U.S. government debt securities	27,064		13		564		26,513			20,360		14		678		19,696
Corporate debt securities	218		—		24		194			381		—		24		357
Asset-backed securities:
Collateralized loan obligations	5,730		7		34		5,703			5,916		1		125		5,792
Other	3,075		4		44		3,035			3,152		2		69		3,085
Unallocated portfolio layer fair value basis adjustments(a)	(2,891)		—		(2,891)		NA			NA		NA		NA		NA
Total available-for-sale securities	206,500		419		9,800		197,119		(e)	216,188		890		11,221		205,857
Held-to-maturity securities(b)
Mortgage-backed securities:
U.S. GSEs and government agencies	107,718		—		17,696		90,022			113,492		35		13,709		99,818
U.S. Residential	9,979		1		1,413		8,567			10,503		3		1,244		9,262
Commercial	10,598		2		796		9,804			10,361		10		734		9,637
Total mortgage-backed securities	128,295		3		19,905		108,393			134,356		48		15,687		118,717
U.S. Treasury and government agencies	187,819		—		17,813		170,006			207,463		—		18,363		189,100
Obligations of U.S. states and municipalities	10,730		1		1,304		9,427			19,747		53		1,080		18,720
Asset-backed securities:
Collateralized loan obligations	59,487		64		531		59,020			61,414		4		1,522		59,896
Other	1,930		1		76		1,855			2,325		—		110		2,215
Total held-to-maturity securities	388,261		69		39,629		348,701			425,305		105		36,762		388,648
Total investment securities, net of allowance for credit losses	$	594,761	$	488	$	49,429	$	545,820		$	641,493	$	995	$	47,983	$	594,505

(c)The amortized cost of investment securities is reported net of allowance for credit losses of $117 million and $96 million at September 30, 2023 and December 31, 2022, respectively.

(e)As of September 30, 2023, included $22.9 billion of AFS securities associated with First Republic. Refer to Note 28 for additional information.

Securities impairment

The following tables present the fair value and gross unrealized losses by aging category for AFS securities at September 30, 2023 and December 31, 2022. The tables exclude U.S. Treasury and government agency securities and U.S. GSE and government agency MBS with unrealized losses of $9.7 billion and $9.6 billion, at September 30, 2023 and December 31, 2022, respectively; changes in the value of these securities are generally driven by changes in interest rates rather than changes in their credit profile given the explicit or implicit guarantees provided by the U.S. government.


	Available-for-sale securities with gross unrealized losses
	Less than 12 months					12 months or more
September 30, 2023 (in millions)	Fair value			Gross unrealized losses		Fair value		Gross unrealized losses		Total fair value		Total gross unrealized losses
Available-for-sale securities
Mortgage-backed securities:
Residential:
U.S.	$	682		$	15	$	1,232	$	122	$	1,914	$	137
Non-U.S.	—			—		1,317		2		1,317		2
Commercial	480			7		1,751		159		2,231		166
Total mortgage-backed securities	1,162			22		4,300		283		5,462		305
Obligations of U.S. states and municipalities	15,200			1,585		2,285		467		17,485		2,052
Non-U.S. government debt securities	14,499			76		4,974		488		19,473		564
Corporate debt securities	13			1		83		23		96		24
Asset-backed securities:
Collateralized loan obligations	100			—		4,231		34		4,331		34
Other	672			14		1,600		30		2,272		44
Total available-for-sale securities with gross unrealized losses	$	31,646	(a)	$	1,698	$	17,473	$	1,325	$	49,119	$	3,023


	Available-for-sale securities with gross unrealized losses
	Less than 12 months				12 months or more
December 31, 2022 (in millions)	Fair value		Gross unrealized losses		Fair value		Gross unrealized losses		Total fair value		Total gross unrealized losses
Available-for-sale securities
Mortgage-backed securities:
Residential:
U.S.	$	1,187	$	71	$	260	$	40	$	1,447	$	111
Non-U.S.	2,848		25		70		2		2,918		27
Commercial	1,131		74		813		81		1,944		155
Total mortgage-backed securities	5,166		170		1,143		123		6,309		293
Obligations of U.S. states and municipalities	3,051		241		364		162		3,415		403
Non-U.S. government debt securities	6,941		321		3,848		357		10,789		678
Corporate debt securities	150		2		207		22		357		24
Asset-backed securities:
Collateralized loan obligations	3,010		61		2,701		64		5,711		125
Other	2,586		51		256		18		2,842		69
Total available-for-sale securities with gross unrealized losses	$	20,904	$	846	$	8,519	$	746	$	29,423	$	1,592

(a)Includes the impact of First Republic, primarily obligations of U.S. states and municipalities. Refer to Note 28 for additional information.

Securities gains and losses and provision for credit loss


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Realized gains	$	16	$	88	$	345	$	170
Realized losses	(685)		(1,047)		(2,782)		(1,676)
Investment securities losses	$	(669)	$	(959)	$	(2,437)	$	(1,506)
Provision for credit losses	$	13	$	14	$	27	$	19

Amortized cost and estimated fair value by contractual maturity

The following table presents the amortized cost and estimated fair value at September 30, 2023, of JPMorgan Chase’s investment securities portfolio by contractual maturity.


By remaining maturity September 30, 2023 (in millions)	Due in one year or less			Due after one year through five years			Due after five years through 10 years			Due after 10 years(c)			Total
Available-for-sale securities
Mortgage-backed securities
Amortized cost	$	14		$	4,401		$	5,996		$	86,422		$	96,833
Fair value	15			4,241			5,881			78,516			88,653			(d)
Average yield(a)	2.16		%	4.87		%	6.21		%	4.54		%	4.66		%
U.S. Treasury and government agencies
Amortized cost	$	1		$	30,294		$	18,147		$	6,381		$	54,823
Fair value	1			29,643			18,146			5,569			53,359
Average yield(a)	5.47		%	5.16		%	6.37		%	7.14		%	5.77		%
Obligations of U.S. states and municipalities
Amortized cost	$	9		$	63		$	833		$	20,743		$	21,648
Fair value	9			61			806			18,786			19,662			(d)
Average yield(a)	3.63		%	3.03		%	4.29		%	5.88		%	5.81		%
Non-U.S. government debt securities
Amortized cost	$	15,132		$	4,367		$	3,680		$	3,885		$	27,064
Fair value	15,128			4,273			3,285			3,827			26,513
Average yield(a)	4.68		%	3.60		%	1.94		%	3.88		%	4.02		%
Corporate debt securities
Amortized cost	$	133		$	101		$	14		$	—		$	248
Fair value	81			100			13			—			194
Average yield(a)	16.24		%	9.80		%	4.10		%	—		%	12.95		%
Asset-backed securities
Amortized cost	$	14		$	1,136		$	3,692		$	3,963		$	8,805
Fair value	14			1,121			3,675			3,928			8,738			(d)
Average yield(a)	6.09		%	3.67		%	6.38		%	6.52		%	6.09		%

Total available-for-sale securities
Amortized cost(b)	$	15,303		$	40,362		$	32,362		$	121,394		$	209,421
Fair value	15,248			39,439			31,806			110,626			197,119			(d)
Average yield(a)	4.78		%	4.92		%	5.78		%	4.94		%	5.06		%
Held-to-maturity securities
Mortgage-backed securities
Amortized cost	$	100		$	4,850		$	9,354		$	114,039		$	128,343
Fair value	97			4,411			7,898			95,987			108,393
Average yield(a)	6.41		%	2.66		%	2.55		%	3.00		%	2.96		%
U.S. Treasury and government agencies
Amortized cost	$	64,545		$	74,372		$	48,902		$	—		$	187,819
Fair value	63,263			67,504			39,239			—			170,006
Average yield(a)	0.56		%	0.95		%	1.26		%	—		%	0.89		%
Obligations of U.S. states and municipalities
Amortized cost	$	—		$	—		$	485		$	10,284		$	10,769
Fair value	—			—			447			8,980			9,427
Average yield(a)	—		%	—		%	4.20		%	4.00		%	4.01		%
Asset-backed securities
Amortized cost	$	—		$	13		$	20,219		$	41,185		$	61,417
Fair value	—			13			20,097			40,765			60,875
Average yield(a)	—		%	6.49		%	6.24		%	6.34		%	6.31		%
Total held-to-maturity securities
Amortized cost(b)	$	64,645		$	79,235		$	78,960		$	165,508		$	388,348
Fair value	63,360			71,928			67,681			145,732			348,701
Average yield(a)	0.57		%	1.05		%	2.71		%	3.89		%	2.52		%

(a)Average yield is computed using the effective yield of each security owned at the end of the period, weighted based on the amortized cost of each security. The effective yield considers the contractual coupon, amortization of premiums and accretion of discounts, and the effect of related hedging derivatives, including closed portfolio hedges. Taxable-equivalent amounts are used where applicable. The effective yield excludes unscheduled principal prepayments; and accordingly, actual maturities of securities may differ from their contractual or expected maturities as certain securities may be prepaid. However, for certain callable debt securities, the average yield is calculated to the earliest call date.

(b)For purposes of this table, the amortized cost of available-for-sale securities excludes the allowance for credit losses of $(30) million and the portfolio layer fair value hedge basis adjustments of $(2.9) billion at September 30, 2023. The amortized cost of held-to-maturity securities also excludes the allowance for credit losses of $(87) million at September 30, 2023.

(c)Substantially all of the Firm’s U.S. residential MBS and collateralized mortgage obligations are due in 10 years or more, based on contractual maturity. The estimated weighted-average life, which reflects anticipated future prepayments, is approximately eight years for agency residential MBS, seven years for agency residential collateralized mortgage obligations, and six years for nonagency residential collateralized mortgage obligations.

(d)Includes AFS securities associated with First Republic, primarily due after 10 years. Refer to Note 28 for additional information.

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
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-Name Accounting Standards Codification
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+ Details

- Definition

Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-5

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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+ Details

Interest Income and Interest Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Interest income
Loans	$ 22,311	$ 13,985	$ 60,325	$ 36,244
Taxable securities	4,513	2,696	12,674	6,964
Non-taxable securities	360	236	951	726
Total investment securities	4,873	2,932	13,625	7,690
Trading assets - debt instruments	4,164	2,390	11,823	6,206
Federal funds sold and securities purchased under resale agreements	3,951	1,413	10,849	2,353
Securities borrowed	2,085	772	5,667	858
Deposits with banks	5,270	3,015	15,278	4,332
All other interest-earning assets	1,902	1,104	5,637	2,070
Total interest income	44,556	25,611	123,204	59,753
Interest expense
Interest-bearing deposits	10,796	3,159	28,024	4,239
Federal funds purchased and securities loaned or sold under repurchase agreements	3,523	1,194	9,727	1,752
Short-term borrowings	512	228	1,361	385
Trading liabilities – debt and all other interest-bearing liabilities	2,463	1,045	6,807	1,707
Long-term debt	4,239	2,405	11,428	5,042
Beneficial interest issued by consolidated VIEs	297	62	641	110
Total interest expense	21,830	8,093	57,988	13,235
Net interest income	22,726	17,518	65,216	46,518
Provision for credit losses	1,384	1,537	6,558	4,101
Net interest income after provision for credit losses	$ 21,342	$ 15,981	$ 58,658	$ 42,417

Loans - Consumer, Excluding Credit Card Loan Portfolio, Residential Real Estate, Nature and Extent of TDRs (Details) - Consumer, excluding credit card - Residential real estate - loan	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Financing Receivable, Modified [Line Items]
Percentage, sum of items by type, may exceed		100.00%
Trial modification
Financing Receivable, Modified [Line Items]
Number of loans modified	820	3,258
Permanent modification
Financing Receivable, Modified [Line Items]
Number of loans modified	784	3,615
Interest rate reduction
Financing Receivable, Modified [Line Items]
Concession granted	47.00%	54.00%
Term or payment extension
Financing Receivable, Modified [Line Items]
Concession granted	61.00%	65.00%
Other-than-insignificant payment delay
Financing Receivable, Modified [Line Items]
Concession granted	9.00%	11.00%
Principal forgiveness
Financing Receivable, Modified [Line Items]
Concession granted	0.00%	1.00%
Other
Financing Receivable, Modified [Line Items]
Concession granted	46.00%	38.00%

Loans - Consumer, Excluding Credit Card Loan Portfolio, Auto and Other, Nonaccrual and Other Credit Quality Indicators and Loan Modifications (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	$ 1,265,941,000,000	$ 1,068,073,000,000	$ 1,265,941,000,000	$ 1,068,073,000,000	$ 1,089,598,000,000
Consumer, excluding credit card
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	397,054,000,000	301,403,000,000	397,054,000,000	301,403,000,000	300,753,000,000
Consumer, excluding credit card \| Auto and other
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual loans	162,000,000		162,000,000		129,000,000
Retained loans	69,419,000,000		69,419,000,000		63,192,000,000
Additional commitments to lend to borrowers whose loans have been modified as FDM's	0	$ 0	0	$ 0
Consumer, excluding credit card \| Auto and other \| Not U.S. government-guaranteed
Financing Receivable, Credit Quality Indicator [Line Items]
90 or more days past due and still accruing	0		0		0
Consumer, excluding credit card \| Auto and other \| 90 or more days past due \| Paycheck Protection Program (PPP)
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual loans	33,000,000		33,000,000		76,000,000
Retained loans	35,000,000		35,000,000		101,000,000
Consumer, excluding credit card \| Auto and other \| California
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	10,580,000,000		10,580,000,000		9,689,000,000
Consumer, excluding credit card \| Auto and other \| Texas
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	8,280,000,000		8,280,000,000		7,216,000,000
Consumer, excluding credit card \| Auto and other \| Florida
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	5,500,000,000		5,500,000,000		4,847,000,000
Consumer, excluding credit card \| Auto and other \| New York
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	4,750,000,000		4,750,000,000		4,345,000,000
Consumer, excluding credit card \| Auto and other \| Illinois
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	3,095,000,000		3,095,000,000		2,839,000,000
Consumer, excluding credit card \| Auto and other \| New Jersey
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	2,530,000,000		2,530,000,000		2,219,000,000
Consumer, excluding credit card \| Auto and other \| Georgia
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	1,892,000,000		1,892,000,000		1,708,000,000
Consumer, excluding credit card \| Auto and other \| Pennsylvania
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	1,887,000,000		1,887,000,000		1,822,000,000
Consumer, excluding credit card \| Auto and other \| Arizona
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	1,747,000,000		1,747,000,000		1,551,000,000
Consumer, excluding credit card \| Auto and other \| North Carolina
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	1,677,000,000		1,677,000,000		1,481,000,000
Consumer, excluding credit card \| Auto and other \| All other
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	$ 27,481,000,000		$ 27,481,000,000		$ 25,475,000,000

Derivative Instruments - Liquidity Risk and Credit-Related Contingent Features (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Aggregate fair value of net derivative payables	$ 14,023	$ 16,023
Collateral posted	13,990	15,505
Single-notch downgrade
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of additional collateral to be posted upon downgrade	111	128
Amount required to settle contracts with termination triggers upon downgrade	98	88
Two-notch downgrade
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of additional collateral to be posted upon downgrade	1,335	1,293
Amount required to settle contracts with termination triggers upon downgrade	$ 725	$ 925

Leases - Operating Lease Income and Related Depreciation Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Leases [Abstract]
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Noninterest Income, Other	Noninterest Income, Other	Noninterest Income, Other	Noninterest Income, Other
Operating lease income	$ 695	$ 870	$ 2,166	$ 2,863
Depreciation expense	$ 468	$ 620	$ 1,344	$ 1,998

Securities Financing Activities (Tables)

9 Months Ended

Sep. 30, 2023

Securities Financing Transactions Disclosures [Abstract]

Schedule of securities sold under repurchase agreements, netting & securities loaned

The table below summarizes the gross and net amounts of the Firm’s securities financing agreements as of September 30, 2023 and December 31, 2022. When the Firm has obtained an appropriate legal opinion with respect to a master netting agreement with a counterparty and where other relevant netting criteria under U.S. GAAP are met, the Firm nets, on the Consolidated balance sheets, the balances outstanding under its securities financing agreements with the same counterparty. In addition, the Firm exchanges securities and/or cash collateral with its counterparty to reduce the economic exposure with the counterparty, but such collateral is not eligible for net Consolidated balance sheet presentation. Where the Firm has obtained an appropriate legal opinion with respect to the counterparty master netting agreement, such collateral, along with securities financing balances that do not meet all these relevant netting criteria under U.S. GAAP, is presented in the table below as “Amounts not nettable on the Consolidated balance sheets,” and reduces the “Net amounts” presented. Where a legal opinion has not been either sought or obtained, the securities financing balances are presented gross in the “Net amounts” below. In transactions where the Firm is acting as the lender in a securities-for-securities lending agreement and receives securities that can be pledged or sold as collateral, the Firm recognizes the securities received at fair value within other assets and the obligation to return those securities within accounts payable and other liabilities on the Consolidated balance sheets.


	September 30, 2023
(in millions)	Gross amounts		Amounts netted on the Consolidated balance sheets		Amounts presented on the Consolidated balance sheets		Amounts not nettable on the Consolidated balance sheets(b)		Net amounts(c)
Assets
Securities purchased under resale agreements	$	556,708	$	(206,711)	$	349,997	$	(339,936)		$	10,061
Securities borrowed	226,710		(38,431)		188,279		(137,150)			51,129
Liabilities
Securities sold under repurchase agreements	$	467,094	$	(206,711)	$	260,383	$	(224,365)		$	36,018
Securities loaned and other(a)	49,530		(38,431)		11,099		(10,866)			233


	December 31, 2022
(in millions)	Gross amounts		Amounts netted on the Consolidated balance sheets		Amounts presented on the Consolidated balance sheets		Amounts not nettable on the Consolidated balance sheets(b)		Net amounts(c)
Assets
Securities purchased under resale agreements	$	597,912	$	(282,411)	$	315,501	$	(304,120)		$	11,381
Securities borrowed	228,279		(42,910)		185,369		(131,578)			53,791
Liabilities
Securities sold under repurchase agreements	$	480,793	$	(282,411)	$	198,382	$	(167,427)		$	30,955
Securities loaned and other(a)	52,443		(42,910)		9,533		(9,527)			6

Schedule of types of assets pledged in secured financing transactions


	Gross liability balance
	September 30, 2023				December 31, 2022
(in millions)	Securities sold under repurchase agreements		Securities loaned and other		Securities sold under repurchase agreements		Securities loaned and other
Mortgage-backed securities
U.S. GSEs and government agencies	$	75,190	$	—	$	58,050	$	—
Residential - nonagency	1,979		—		2,414		—
Commercial - nonagency	2,387		—		2,007		—
U.S. Treasury, GSEs and government agencies	199,410		715		191,254		1,464
Obligations of U.S. states and municipalities	1,777		—		1,735		5
Non-U.S. government debt	115,837		2,276		155,156		1,259
Corporate debt securities	39,542		991		37,121		461
Asset-backed securities	3,155		—		2,981		—
Equity securities	27,817		45,548		30,075		49,254
Total	$	467,094	$	49,530	$	480,793	$	52,443


	Remaining contractual maturity of the agreements
	Overnight and continuous						Greater than 90 days
September 30, 2023 (in millions)			Up to 30 days		30 – 90 days				Total
Total securities sold under repurchase agreements	$	248,186	$	105,278	$	34,859	$	78,771	$	467,094
Total securities loaned and other	45,346		20		1		4,163		49,530


	Remaining contractual maturity of the agreements
	Overnight and continuous						Greater than 90 days
December 31, 2022 (in millions)			Up to 30 days		30 – 90 days				Total
Total securities sold under repurchase agreements	$	205,235	$	170,696	$	37,120	$	67,742	$	480,793
Total securities loaned and other	50,138		1,285		3		1,017		52,443

Investment Securities - Realized Gains and Losses and Provision for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Securities gains and losses
Realized gains	$ 16	$ 88	$ 345	$ 170
Realized losses	(685)	(1,047)	(2,782)	(1,676)
Investment securities losses	(669)	(959)	(2,437)	(1,506)
Provision for credit losses	$ 13	$ 14	$ 27	$ 19

Consolidated Statements of Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue
Investment banking fees	$ 1,722	$ 1,674	$ 4,884	$ 5,268
Principal transactions	6,210	5,383	20,735	15,478
Lending- and deposit-related fees	2,039	1,731	5,487	5,443
Asset management fees	3,904	3,495	11,143	10,664
Commissions and other fees	1,705	1,574	5,139	5,007
Investment securities losses	(669)	(959)	(2,437)	(1,506)
Mortgage fees and related income	414	314	913	1,152
Card income	1,209	1,086	3,537	3,194
Other income	614	900	4,913	2,930
Noninterest revenue	17,148	15,198	54,314	47,630
Interest income	44,556	25,611	123,204	59,753
Interest expense	21,830	8,093	57,988	13,235
Net interest income	22,726	17,518	65,216	46,518
Total net revenue	39,874	32,716	119,530	94,148
Provision for credit losses	1,384	1,537	6,558	4,101
Noninterest expense
Compensation expense	11,726	10,539	34,618	31,627
Occupancy expense	1,197	1,162	3,382	3,425
Technology, communications and equipment expense	2,386	2,366	6,837	7,102
Professional and outside services	2,620	2,481	7,629	7,522
Marketing	1,126	1,017	3,293	2,818
Other expense	2,702	1,613	6,927	4,624
Total noninterest expense	21,757	19,178	62,686	57,118
Income/(loss) before income tax expense/(benefit)	16,733	12,001	50,286	32,929
Income tax expense	3,582	2,264	10,041	6,261
Net income/(loss)	13,151	9,737	40,245	26,668
Net income applicable to common stockholders	12,685	9,255	38,889	25,295
Net income applicable to common stockholders	$ 12,685	$ 9,255	$ 38,889	$ 25,295
Net income per common share data
Basic earnings per share (in dollars per share)	$ 4.33	$ 3.13	$ 13.20	$ 8.53
Diluted earnings per share (in dollars per share)	$ 4.33	$ 3.12	$ 13.18	$ 8.51
Weighted-average basic shares (in shares)	2,927.5	2,961.2	2,946.6	2,966.8
Weighted-average diluted shares (in shares)	2,932.1	2,965.4	2,951.0	2,970.9

Derivative Instruments - Impact on Statements of Income, Risk Management Derivatives (Details) - Risk Management Activities - Not designated as hedges - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Gain (Loss) on Derivative Instruments, Net, Pretax [Abstract]
Derivatives gains/(losses) recorded in income	$ (320)	$ (235)	$ (566)	$ (727)
Interest rate
Gain (Loss) on Derivative Instruments, Net, Pretax [Abstract]
Derivatives gains/(losses) recorded in income	(259)	(215)	(385)	(753)
Credit
Gain (Loss) on Derivative Instruments, Net, Pretax [Abstract]
Derivatives gains/(losses) recorded in income	(39)	(17)	(202)	105
Foreign exchange
Gain (Loss) on Derivative Instruments, Net, Pretax [Abstract]
Derivatives gains/(losses) recorded in income	$ (22)	$ (3)	$ 21	$ (79)

Loans - Consumer, Excluding Credit Card Loan Portfolio, Residential Real Estate (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Loans by origination year
Total retained loans	$ 1,265,941	$ 1,068,073	$ 1,089,598
Gross charge-offs by origination year
Total gross charge-offs	5,096	3,116
Consumer, excluding credit card
Loans by origination year
Total retained loans	397,054	301,403	300,753
Gross charge-offs by origination year
Total gross charge-offs	809	$ 590
Consumer, excluding credit card \| First Republic
Loans by origination year
Total retained loans	91,200
Consumer, excluding credit card \| Residential real estate
Loans by origination year
Term loans originated in 2023/2022	19,481		39,964
Term loans originated in 2022/2021	64,985		66,084
Term loans originated in 2021/2020	85,557		43,335
Term loans originated in 2020/2019	56,359		15,427
Term loans originated in 2019/2018	21,906		6,366
Term loans originated prior to 2019/2018	62,967		50,709
Revolving loans within the revolving period	7,503		5,608
Revolving loans converted to term loans	8,877		10,068
Total retained loans	$ 327,635		$ 237,561
% of 30+ days past due to total retained loans by origination year
% of 30 plus days past due to total retained loans, Term loans originated in 2023/2022	0.02%		0.08%
% of 30 plus days past due to total retained loans, Term loans originated in 2022/2021	0.06%		0.02%
% of 30 plus days past due to total retained loans, Term loans originated in 2021/2020	0.05%		0.05%
% of 30 plus days past due to total retained loans, Term loans originated in 2020/2019	0.06%		0.19%
% of 30 plus days past due to total retained loans, Term loans originated in 2019/2018	0.24%		0.42%
% of 30 plus days past due to total retained loans, Term loans originated prior to 2019/2018	1.92%		2.07%
% of 30 plus days past due to total retained loans, Revolving loans within the revolving period	0.67%		0.34%
% of 30 plus days past due to total retained loans, Revolving loans converted to term loans	4.37%		3.80%
% of 30 plus days past due to total retained loans	0.55%		0.66%
Gross charge-offs by origination year
Gross charge-offs originated in 2023	$ 0
Gross charge-offs originated in 2022	0
Gross charge-offs originated in 2021	0
Gross charge-offs originated in 2020	0
Gross charge-offs originated in 2019	1
Gross charge-offs originated prior to 2019	101
Gross charge-offs originated within the revolving period	20
Gross charge-offs originated converted to term loans	7
Total gross charge-offs	129
Consumer, excluding credit card \| Residential real estate \| First Republic
Loans by origination year
Total retained loans	$ 91,200
Consumer, excluding credit card \| Residential real estate \| Senior lien
Gross charge-offs by origination year
Percentage of total revolving loans that are senior lien loans	37.00%
Consumer, excluding credit card \| Residential real estate \| Current
Loans by origination year
Term loans originated in 2023/2022	$ 19,478		$ 39,934
Term loans originated in 2022/2021	64,947		66,072
Term loans originated in 2021/2020	85,516		43,315
Term loans originated in 2020/2019	56,324		15,397
Term loans originated in 2019/2018	21,854		6,339
Term loans originated prior to 2019/2018	61,742		49,632
Revolving loans within the revolving period	7,453		5,589
Revolving loans converted to term loans	8,489		9,685
Total retained loans	325,803		235,963
Consumer, excluding credit card \| Residential real estate \| Current \| First Republic
Loans by origination year
Term loans originated in 2023/2022	6,100
Term loans originated in 2022/2021	26,500
Term loans originated in 2021/2020	22,200
Term loans originated in 2020/2019	15,000
Term loans originated in 2019/2018	7,500
Term loans originated prior to 2019/2018	11,300
Revolving loans within the revolving period	2,500
Consumer, excluding credit card \| Residential real estate \| 30–149 days past due
Loans by origination year
Term loans originated in 2023/2022	2		29
Term loans originated in 2022/2021	31		11
Term loans originated in 2021/2020	28		14
Term loans originated in 2020/2019	34		20
Term loans originated in 2019/2018	27		20
Term loans originated prior to 2019/2018	759		597
Revolving loans within the revolving period	47		15
Revolving loans converted to term loans	220		208
Total retained loans	1,148		914
Consumer, excluding credit card \| Residential real estate \| 150 or more days past due
Loans by origination year
Term loans originated in 2023/2022	1		1
Term loans originated in 2022/2021	7		1
Term loans originated in 2021/2020	13		6
Term loans originated in 2020/2019	1		10
Term loans originated in 2019/2018	25		7
Term loans originated prior to 2019/2018	466		480
Revolving loans within the revolving period	3		4
Revolving loans converted to term loans	168		175
Total retained loans	684		$ 684
Consumer, excluding credit card \| Residential real estate \| 30 or more days past due \| First Republic
Loans by origination year
Total retained loans	$ 165

Investment Securities - Amortized Cost and Estimated Fair Value by Contractual Maturity (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Available-for-sale securities, Amortized cost
Due in one year or less	$ 15,303
Due after one year through five years	40,362
Due after five years through 10 years	32,362
Due after 10 years	121,394
Amortized cost	209,421
Available-for-sale securities, Fair value
Due in one year or less	15,248
Due after one year through five years	39,439
Due after five years through 10 years	31,806
Due after 10 years	110,626
Fair value	$ 197,119	$ 205,857
Available-for-sale securities, Average yield
Due in one year or less	4.78%
Due after one year through five years	4.92%
Due after five years through 10 years	5.78%
Due after 10 years	4.94%
Average yield	5.06%
Total held-to-maturity securities, Amortized cost
Due in one year or less	$ 64,645
Due after one year through five years	79,235
Due after five years through 10 years	78,960
Due after 10 years	165,508
Amortized cost	388,348
Total held-to-maturity securities, Fair value
Due in one year or less	63,360
Due after one year through five years	71,928
Due after five years through 10 years	67,681
Due after 10 years	145,732
Fair value	$ 348,701	388,648
Total held-to-maturity securities, Average yield
Due in one year or less	0.57%
Due after one year through five years	1.05%
Due after five years through 10 years	2.71%
Due after 10 years	3.89%
Average yield	2.52%
Supplemental information
Available for sale securities allowance for credit losses	$ (30)
Unallocated portfolio layer fair value hedge basis adjustments	(2,900)
Held-to-maturity securities allowance for credit losses	$ (87)
US government agencies and US government sponsored enterprises residential MBS estimated duration	8 years
Agency residential collateralized mortgage obligations estimated duration	7 years
Nonagency residential collateralized mortgage obligations estimated duration	6 years
Minimum
Supplemental information
Due period of mortgage-backed securities and collateralized mortgage obligations	10 years
Mortgage-backed securities
Available-for-sale securities, Amortized cost
Due in one year or less	$ 14
Due after one year through five years	4,401
Due after five years through 10 years	5,996
Due after 10 years	86,422
Amortized cost	96,833
Available-for-sale securities, Fair value
Due in one year or less	15
Due after one year through five years	4,241
Due after five years through 10 years	5,881
Due after 10 years	78,516
Fair value	$ 88,653	78,081
Available-for-sale securities, Average yield
Due in one year or less	2.16%
Due after one year through five years	4.87%
Due after five years through 10 years	6.21%
Due after 10 years	4.54%
Average yield	4.66%
Total held-to-maturity securities, Amortized cost
Due in one year or less	$ 100
Due after one year through five years	4,850
Due after five years through 10 years	9,354
Due after 10 years	114,039
Amortized cost	128,343
Total held-to-maturity securities, Fair value
Due in one year or less	97
Due after one year through five years	4,411
Due after five years through 10 years	7,898
Due after 10 years	95,987
Fair value	$ 108,393	118,717
Total held-to-maturity securities, Average yield
Due in one year or less	6.41%
Due after one year through five years	2.66%
Due after five years through 10 years	2.55%
Due after 10 years	3.00%
Average yield	2.96%
U.S. Treasury and government agencies
Available-for-sale securities, Amortized cost
Due in one year or less	$ 1
Due after one year through five years	30,294
Due after five years through 10 years	18,147
Due after 10 years	6,381
Amortized cost	54,823
Available-for-sale securities, Fair value
Due in one year or less	1
Due after one year through five years	29,643
Due after five years through 10 years	18,146
Due after 10 years	5,569
Fair value	$ 53,359	92,060
Available-for-sale securities, Average yield
Due in one year or less	5.47%
Due after one year through five years	5.16%
Due after five years through 10 years	6.37%
Due after 10 years	7.14%
Average yield	5.77%
Total held-to-maturity securities, Amortized cost
Due in one year or less	$ 64,545
Due after one year through five years	74,372
Due after five years through 10 years	48,902
Due after 10 years	0
Amortized cost	187,819
Total held-to-maturity securities, Fair value
Due in one year or less	63,263
Due after one year through five years	67,504
Due after five years through 10 years	39,239
Due after 10 years	0
Fair value	$ 170,006	189,100
Total held-to-maturity securities, Average yield
Due in one year or less	0.56%
Due after one year through five years	0.95%
Due after five years through 10 years	1.26%
Due after 10 years	0.00%
Average yield	0.89%
Obligations of U.S. states and municipalities
Available-for-sale securities, Amortized cost
Due in one year or less	$ 9
Due after one year through five years	63
Due after five years through 10 years	833
Due after 10 years	20,743
Amortized cost	21,648
Available-for-sale securities, Fair value
Due in one year or less	9
Due after one year through five years	61
Due after five years through 10 years	806
Due after 10 years	18,786
Fair value	$ 19,662	6,786
Available-for-sale securities, Average yield
Due in one year or less	3.63%
Due after one year through five years	3.03%
Due after five years through 10 years	4.29%
Due after 10 years	5.88%
Average yield	5.81%
Total held-to-maturity securities, Amortized cost
Due in one year or less	$ 0
Due after one year through five years	0
Due after five years through 10 years	485
Due after 10 years	10,284
Amortized cost	10,769
Total held-to-maturity securities, Fair value
Due in one year or less	0
Due after one year through five years	0
Due after five years through 10 years	447
Due after 10 years	8,980
Fair value	$ 9,427	18,720
Total held-to-maturity securities, Average yield
Due in one year or less	0.00%
Due after one year through five years	0.00%
Due after five years through 10 years	4.20%
Due after 10 years	4.00%
Average yield	4.01%
Non-U.S. government debt securities
Available-for-sale securities, Amortized cost
Due in one year or less	$ 15,132
Due after one year through five years	4,367
Due after five years through 10 years	3,680
Due after 10 years	3,885
Amortized cost	27,064
Available-for-sale securities, Fair value
Due in one year or less	15,128
Due after one year through five years	4,273
Due after five years through 10 years	3,285
Due after 10 years	3,827
Fair value	$ 26,513	19,696
Available-for-sale securities, Average yield
Due in one year or less	4.68%
Due after one year through five years	3.60%
Due after five years through 10 years	1.94%
Due after 10 years	3.88%
Average yield	4.02%
Corporate debt securities
Available-for-sale securities, Amortized cost
Due in one year or less	$ 133
Due after one year through five years	101
Due after five years through 10 years	14
Due after 10 years	0
Amortized cost	248
Available-for-sale securities, Fair value
Due in one year or less	81
Due after one year through five years	100
Due after five years through 10 years	13
Due after 10 years	0
Fair value	$ 194	$ 357
Available-for-sale securities, Average yield
Due in one year or less	16.24%
Due after one year through five years	9.80%
Due after five years through 10 years	4.10%
Due after 10 years	0.00%
Average yield	12.95%
Asset-backed securities
Available-for-sale securities, Amortized cost
Due in one year or less	$ 14
Due after one year through five years	1,136
Due after five years through 10 years	3,692
Due after 10 years	3,963
Amortized cost	8,805
Available-for-sale securities, Fair value
Due in one year or less	14
Due after one year through five years	1,121
Due after five years through 10 years	3,675
Due after 10 years	3,928
Fair value	$ 8,738
Available-for-sale securities, Average yield
Due in one year or less	6.09%
Due after one year through five years	3.67%
Due after five years through 10 years	6.38%
Due after 10 years	6.52%
Average yield	6.09%
Total held-to-maturity securities, Amortized cost
Due in one year or less	$ 0
Due after one year through five years	13
Due after five years through 10 years	20,219
Due after 10 years	41,185
Amortized cost	61,417
Total held-to-maturity securities, Fair value
Due in one year or less	0
Due after one year through five years	13
Due after five years through 10 years	20,097
Due after 10 years	40,765
Fair value	$ 60,875
Total held-to-maturity securities, Average yield
Due in one year or less	0.00%
Due after one year through five years	6.49%
Due after five years through 10 years	6.24%
Due after 10 years	6.34%
Average yield	6.31%

Credit Risk Concentrations (Tables)

9 Months Ended

Sep. 30, 2023

Risks and Uncertainties [Abstract]

Concentrations of credit exposure


	September 30, 2023								December 31, 2022
	Credit exposure(h)(i)		On-balance sheet				Off-balance sheet(j)		Credit exposure(h)		On-balance sheet				Off-balance sheet(j)
(in millions)			Loans		Derivatives						Loans		Derivatives
Consumer, excluding credit card	$	457,082	$	408,769	$	—	$	48,313	$	344,893	$	311,375	$	—	$	33,518
Credit card(a)	1,095,838		196,935		—		898,903		1,006,459		185,175		—		821,284
Total consumer(a)	1,552,920		605,704		—		947,216		1,351,352		496,550		—		854,802
Wholesale(b)
Real Estate	206,067		166,446		292		39,329		170,857		131,681		249		38,927
Asset Managers	145,707		54,485		18,893		72,329		95,656		40,511		16,397		38,748
Individuals and Individual Entities (c)	143,786		124,859		720		18,207		130,815		120,424		434		9,957
Consumer & Retail	127,978		47,013		1,905		79,060		120,555		45,867		1,650		73,038
Industrials	75,865		26,958		2,058		46,849		72,483		26,960		1,770		43,753
Technology, Media & Telecommunications	73,047		20,151		2,525		50,371		72,286		21,622		2,950		47,714
Healthcare	62,126		23,947		1,111		37,068		62,613		22,970		1,683		37,960
Banks & Finance Companies	56,886		33,769		3,510		19,607		51,816		32,172		3,246		16,398
State & Municipal Govt(d)	37,016		20,827		275		15,914		33,847		18,147		585		15,115
Utilities	36,454		7,666		2,852		25,936		36,218		9,107		3,269		23,842
Automotive	34,217		15,813		469		17,935		33,287		14,735		529		18,023
Oil & Gas	33,253		9,117		2,386		21,750		38,668		9,632		5,121		23,915
Insurance	23,733		2,753		10,085		10,895		21,045		2,387		8,081		10,577
Chemicals & Plastics	20,261		6,393		448		13,420		20,030		5,771		407		13,852
Central Govt	15,819		4,078		9,944		1,797		19,095		3,167		12,955		2,973
Transportation	15,180		5,174		507		9,499		15,009		5,005		567		9,437
Metals & Mining	15,136		4,606		237		10,293		15,915		5,398		475		10,042
Securities Firms	8,928		860		3,442		4,626		8,066		556		3,387		4,123
Financial Markets Infrastructure	4,096		67		1,672		2,357		4,962		13		3,050		1,899
All other(e)	135,035		96,970		3,739		34,326		123,307		87,545		4,075		31,687
Subtotal	1,270,590		671,952		67,070		531,568		1,146,530		603,670		70,880		471,980
Loans held-for-sale and loans at fair value	32,403		32,403		—		—		35,427		35,427		—		—
Receivables from customers(f)	43,376		—		—		—		49,257		—		—		—
Total wholesale	1,346,369		704,355		67,070		531,568		1,231,214		639,097		70,880		471,980
Total exposure(g)(h)	$	2,899,289	$	1,310,059	$	67,070	$	1,478,784	$	2,582,566	$	1,135,647	$	70,880	$	1,326,782

(a)Also includes commercial card lending-related commitments primarily in CB and CIB.

(j)Represents lending-related financial instruments.

Allowance for Credit Losses

9 Months Ended

Sep. 30, 2023

Credit Loss [Abstract]

Allowance for Credit Losses

Allowance for credit losses

The Firm's allowance for credit losses represents management's estimate of expected credit losses over the remaining expected life of the Firm's financial assets measured at amortized cost and certain off-balance sheet lending-related commitments.

On January 1, 2023 the Firm adopted the Financial Instruments - Credit Losses: Troubled Debt Restructurings accounting guidance as described in Note 1.

The adoption of this guidance eliminated the requirement to measure the allowance for TDRs using a DCF methodology and allowed the option of a non-DCF portfolio-based approach for modified loans to borrowers experiencing financial difficulty. If a DCF methodology is still applied for these modified loans, the discount rate must be the post-modification effective interest rate, instead of the pre-modification effective interest rate.

The Firm elected to change from an asset-specific allowance approach to its non-DCF, portfolio-based allowance approach for modified loans to troubled borrowers for all portfolios except collateral-dependent loans and nonaccrual risk-rated loans, for which the asset-specific allowance approach will continue to apply.

This guidance was adopted under the modified retrospective method which resulted in a net decrease to the allowance for credit losses of $587 million and an increase to retained earnings of $446 million, after-tax predominantly driven by residential real estate and credit card.

Refer to Note 13 of JPMorgan Chase's 2022 Form 10-K for a detailed discussion of the allowance for credit losses and the related accounting policies.

Allowance for credit losses and related information


	2023								2022
Nine months ended September 30, (in millions)	Consumer, excluding credit card		Credit card		Wholesale		Total			Consumer, excluding credit card		Credit card		Wholesale		Total
Allowance for loan losses
Beginning balance at January 1,	$	2,040	$	11,200	$	6,486	$	19,726		$	1,765	$	10,250	$	4,371	$	16,386
Cumulative effect of a change in accounting principle(a)	(489)		(100)		2		(587)			NA		NA		NA		NA
Gross charge-offs	809		3,852		435		5,096			590		2,294		232		3,116
Gross recoveries collected	(388)		(579)		(84)		(1,051)			(441)		(616)		(93)		(1,150)
Net charge-offs/(recoveries)	421		3,273		351		4,045			149		1,678		139		1,966
Provision for loan losses	723		4,073		2,047		6,843			202		1,828		1,733		3,763
Other	1		—		8		9			1		—		1		2
Ending balance at September 30,	$	1,854	$	11,900	$	8,192	$	21,946		$	1,819	$	10,400	$	5,966	$	18,185
Allowance for lending-related commitments
Beginning balance at January 1,	$	76	$	—	$	2,306	$	2,382		$	113	$	—	$	2,148	$	2,261
Provision for lending-related commitments	5		—		(313)		(308)			(36)		—		325		289
Other	—		—		1		1			—		—		1		1
Ending balance at September 30,	$	81	$	—	$	1,994	$	2,075		$	77	$	—	$	2,474	$	2,551
Total allowance for investment securities							117			NA		NA		NA		61
Total allowance for credit losses(b)(c)	$	1,935	$	11,900	$	10,186	$	24,138		$	1,896	$	10,400	$	8,440	$	20,797
Allowance for loan losses by impairment methodology
Asset-specific(d)	$	(942)	$	—	$	732	$	(210)		$	(702)	$	218	$	450	$	(34)
Portfolio-based	2,796		11,900		7,460		22,156			2,521		10,182		5,516		18,219
Total allowance for loan losses	$	1,854	$	11,900	$	8,192	$	21,946		$	1,819	$	10,400	$	5,966	$	18,185

Loans by impairment methodology
Asset-specific(d)	$	3,321	$	—	$	2,402	$	5,723		$	12,218	$	794	$	2,282	$	15,294
Portfolio-based	393,733		196,935		669,550		1,260,218			289,185		169,668		593,926		1,052,779
Total retained loans	$	397,054	$	196,935	$	671,952	$	1,265,941		$	301,403	$	170,462	$	596,208	$	1,068,073
Collateral-dependent loans
Net charge-offs	$	4	$	—	$	127	$	131		$	(29)	$	—	$	13	$	(16)
Loans measured at fair value of collateral less cost to sell	3,384		—		1,074		4,458			3,718		—		537		4,255
Allowance for lending-related commitments by impairment methodology
Asset-specific	$	—	$	—	$	61	$	61		$	—	$	—	$	84	$	84
Portfolio-based	81		—		1,933		2,014			77		—		2,390		2,467
Total allowance for lending-related commitments(e)	$	81	$	—	$	1,994	$	2,075		$	77	$	—	$	2,474	$	2,551
Lending-related commitments by impairment methodology
Asset-specific	$	—	$	—	$	387	$	387		$	—	$	—	$	470	$	470
Portfolio-based(f)	30,245		—		514,937		545,182			22,259		—		452,530		474,789
Total lending-related commitments	$	30,245	$	—	$	515,324	$	545,569		$	22,259	$	—	$	453,000	$	475,259

(a)Represents the impact to the allowance for loan losses upon the adoption of the Financial Instruments - Credit Losses: Troubled Debt Restructurings accounting guidance.

(c)As of September 30, 2023 included $1.2 billion allowance for credit losses associated with First Republic.

(e)The allowance for lending-related commitments is reported in accounts payable and other liabilities on the Consolidated balance sheets.

Discussion of changes in the allowance

The allowance for credit losses as of September 30, 2023 was $24.2 billion, reflecting a net addition of $2.5 billion from December 31, 2022.

The net addition to the allowance for credit losses included $1.4 billion, consisting of:

•$707 million in consumer, predominantly driven by CCB, comprised of $801 million in Card Services, partially offset by a $200 million net reduction in Home Lending. The net addition in Card Services was driven by loan growth, including an increase in revolving balances, partially offset by reduced borrower uncertainty and the net effect of changes in the Firm's weighted average macroeconomic outlook. The net reduction in Home Lending was largely driven by improvements in the outlook for home prices, and

•$623 million in wholesale, driven by net downgrade activity, the net effect of changes in the Firm's weighted average macroeconomic outlook, including deterioration in the outlook for commercial real estate in CB, partially offset by the impact of changes in the loan and lending-related commitment portfolios in CIB in the third quarter of 2023.

The net addition also included $1.2 billion to establish the allowance for the First Republic loans and lending-related commitments in the second quarter of 2023.

The changes in the Firm's weighted average macroeconomic outlook included updates to the central scenario in the third quarter of 2023 to reflect a lower forecasted unemployment rate consistent with a higher growth rate in GDP. The Firm's weighted average macroeconomic outlook also reflects the impact of the additional weight placed on the adverse scenarios in the first quarter of 2023, reflecting elevated recession risks due to high inflation and tightening financial conditions.

The allowance for credit losses also reflected a reduction of $587 million as a result of the adoption of changes to the TDR accounting guidance on January 1, 2023. Refer to Note 1 for further information.

The Firm's allowance for credit losses is estimated using a weighted average of five internally developed macroeconomic scenarios. The adverse scenarios incorporate more punitive macroeconomic factors than the central case assumptions provided in the table below, resulting in a weighted average U.S. unemployment rate peaking at 5.5% in the fourth quarter of 2024, and a 1.8% lower U.S. real GDP exiting the fourth quarter of 2024.

The Firm’s central case assumptions reflected U.S. unemployment rates and U.S. real GDP as follows:


	Assumptions at September 30, 2023
	4Q23		2Q24		4Q24
U.S. unemployment rate(a)	3.9	%	4.2	%	4.6	%
YoY growth in U.S. real GDP(b)	2.1	%	1.2	%	0.7	%

	Assumptions at December 31, 2022
	2Q23		4Q23		2Q24
U.S. unemployment rate(a)	3.8	%	4.3	%	5.0	%
YoY growth in U.S. real GDP(b)	1.5	%	0.4	%	—	%

(a)Reflects quarterly average of forecasted U.S. unemployment rate.

(b)The year over year growth in U.S. real GDP in the forecast horizon of the central scenario is calculated as the percentage change in U.S. real GDP levels from the prior year.

Subsequent changes to this forecast and related estimates will be reflected in the provision for credit losses in future periods.

Refer to Note 13 and Note 10 of JPMorgan Chase’s 2022 Form 10-K for a description of the policies, methodologies and judgments used to determine the Firm’s allowance for credit losses on loans, lending-related commitments, and investment securities.

Refer to Consumer Credit Portfolio on pages 65-69, Wholesale Credit Portfolio on pages 70-79 and Note 12 for additional information on the consumer and wholesale credit portfolios.

Refer to Critical Accounting Estimates Used by the Firm on pages 91-93 for further information on the allowance for credit losses and related management judgments.

Pledged Assets and Collateral (Tables)

9 Months Ended

Sep. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

Schedule of pledged assets

The following table presents the Firm’s pledged assets.


(in billions)	September 30, 2023		December 31, 2022
Assets that may be sold or repledged or otherwise used by secured parties	$	151.0	$	110.8
Assets that may not be sold or repledged or otherwise used by secured parties(a)	244.2		114.8
Assets pledged at Federal Reserve banks and FHLBs	652.1		567.6
Total pledged assets	$	1,047.3	$	793.2

(a)As of September 30, 2023, included $89.0 billion of assets pledged to the FDIC associated with the First Republic acquisition. Refer to Note 28 for additional information.

Schedule of collateral received

The following table presents the fair value of collateral accepted.


(in billions)	September 30, 2023		December 31, 2022
Collateral permitted to be sold or repledged, delivered, or otherwise used	$	1,327.1	$	1,346.9
Collateral sold, repledged, delivered or otherwise used	1,010.4		1,019.4

Variable Interest Entities - Firm Sponsored VIEs (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Total assets held by securitization VIEs	$ 234,559	$ 229,986
Retained securitization interests, risk-rated 'A' or better, at fair value	78.00%	84.00%
Corporate & Investment Bank
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Senior securities purchased in connection with CIB's secondary market-making activities	$ 140	$ 134
Subordinated securities purchased in connection with CIB's secondary market-making activities	115	34
Residential mortgage \| Investment-grade
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Fair value of retained interests	2,600	2,600
Residential mortgage \| Noninvestment-grade
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Fair value of retained interests	66	27
Residential mortgage \| Prime / Alt-A & option ARMs
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Total assets held by securitization VIEs	58,068	55,362
Residential mortgage \| Subprime
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Total assets held by securitization VIEs	9,089	9,709
Commercial and other
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Total assets held by securitization VIEs	167,402	164,915
Commercial and other \| Investment-grade
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Fair value of retained interests	6,200	5,800
Commercial and other \| Noninvestment-grade
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Fair value of retained interests	1,700	1,100
VIEs consolidated by the Firm
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Assets held in consolidated securitization VIEs	774	754
VIEs consolidated by the Firm \| Residential mortgage \| Prime / Alt-A & option ARMs
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Assets held in consolidated securitization VIEs	694	754
VIEs consolidated by the Firm \| Residential mortgage \| Subprime
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Assets held in consolidated securitization VIEs	0	0
VIEs consolidated by the Firm \| Commercial and other
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Assets held in consolidated securitization VIEs	80	0
Nonconsolidated entities
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Assets held in nonconsolidated securitization VIEs with continuing involvement	169,728	165,838
Interest in securitized assets in nonconsolidated VIEs	10,526	9,603
Nonconsolidated entities \| Trading assets
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	1,481	1,642
Nonconsolidated entities \| Investment securities
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	7,636	7,291
Nonconsolidated entities \| Other financial assets
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	1,409	670
Nonconsolidated entities \| Residential mortgage \| Prime / Alt-A & option ARMs
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Assets held in nonconsolidated securitization VIEs with continuing involvement	38,600	37,058
Interest in securitized assets in nonconsolidated VIEs	2,622	2,662
Nonconsolidated entities \| Residential mortgage \| Subprime
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Assets held in nonconsolidated securitization VIEs with continuing involvement	1,290	1,743
Interest in securitized assets in nonconsolidated VIEs	3	10
Nonconsolidated entities \| Residential mortgage \| Trading assets \| Prime / Alt-A & option ARMs
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	579	744
Nonconsolidated entities \| Residential mortgage \| Trading assets \| Subprime
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	3	10
Nonconsolidated entities \| Residential mortgage \| Investment securities \| Prime / Alt-A & option ARMs
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	2,002	1,918
Nonconsolidated entities \| Residential mortgage \| Investment securities \| Subprime
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	0	0
Nonconsolidated entities \| Residential mortgage \| Other financial assets \| Prime / Alt-A & option ARMs
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	41	0
Nonconsolidated entities \| Residential mortgage \| Other financial assets \| Subprime
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	0	0
Nonconsolidated entities \| Commercial and other
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Assets held in nonconsolidated securitization VIEs with continuing involvement	129,838	127,037
Interest in securitized assets in nonconsolidated VIEs	7,901	6,931
Nonconsolidated entities \| Commercial and other \| Trading assets
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	899	888
Nonconsolidated entities \| Commercial and other \| Investment securities
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	5,634	5,373
Nonconsolidated entities \| Commercial and other \| Other financial assets
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	$ 1,368	$ 670

Noninterest Revenue and Noninterest Expense - Principal Transactions (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Principal transactions revenue
Total trading revenue	$ 6,216	$ 5,408	$ 20,750	$ 15,542
Private equity losses	(6)	(25)	(15)	(64)
Principal transactions	6,210	5,383	20,735	15,478
Interest rate
Principal transactions revenue
Total trading revenue	1,383	1,092	4,950	1,937
Credit
Principal transactions revenue
Total trading revenue	487	488	1,540	1,224
Foreign exchange
Principal transactions revenue
Total trading revenue	1,219	1,398	4,205	4,147
Equity
Principal transactions revenue
Total trading revenue	2,677	1,868	8,311	6,426
Commodity
Principal transactions revenue
Total trading revenue	$ 450	$ 562	$ 1,744	$ 1,808

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Assets
Trading assets pledged	$ 601,993	$ 453,799
Available-for-sale securities, amortized cost, net of allowance for credit losses	206,500	216,188
Available-for-sale securities	197,119	205,857
Loans at fair value	38,808	42,079
Other assets pledged	$ 150,801	$ 182,884
Stockholders' equity
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	200,000,000	200,000,000
Preferred stock, shares issued (in shares)	2,740,375	2,740,375
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	9,000,000,000	9,000,000,000
Common stock, shares issued (in shares)	4,104,933,895	4,104,933,895
Treasury stock, at cost (in shares)	1,213,925,554	1,170,676,094
Assets pledged
Assets
Trading assets pledged	$ 132,750	$ 93,687
Available-for-sale securities	12,548	9,158
Other assets pledged	5,701	7,998
Recurring
Assets
Federal funds sold and securities purchased under resale agreements at fair value	344,193	311,883
Securities borrowed at fair value	68,046	70,041
Trading assets pledged	601,951	453,756
Available-for-sale securities	197,119	205,857
Loans at fair value	38,808	42,079
Liabilities
Deposits at fair value	65,006	28,620
Federal funds purchased and securities loaned or sold under repurchase agreements at fair value	211,571	151,999
Short-term borrowings at fair value	19,289	15,792
Accounts payable and other liabilities at fair value	4,492	7,038
Beneficial interests issued by consolidated VIEs at fair value	66	5
Long-term debt at fair value	78,357	72,281
Recurring \| Other assets
Assets
Other assets at fair value	$ 14,168	$ 14,921

Restricted Cash and Other Restricted Assets (Details) - USD ($) $ in Billions	Sep. 30, 2023	Dec. 31, 2022
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash	$ 23.2	$ 26.8
Cash and securities pledged with clearing organizations for the benefit of customers	35.5	42.4
Fair value of securities restricted in relation to customer activity	29.9	31.7
Deposits with banks
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash	21.8	25.4
Cash and due from banks
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash	1.4	1.4
Segregated for the benefit of securities and cleared derivative customers
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash	14.6	18.7
Cash reserves at non-U.S. central banks and held for other general purposes
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash	$ 8.6	$ 8.1

Derivative Instruments - Impact on Statements of Income, Net Investment Hedges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Translation adjustments, net of hedges
Gains/(losses) recorded in income and other comprehensive income/(loss)
Reclassification of pre-tax loss related to net investment hedges	$ 0		$ (38)	$ 0
Other Income \| Translation adjustments, net of hedges
Gains/(losses) recorded in income and other comprehensive income/(loss)
Reclassification of pre-tax loss related to net investment hedges	0		(38)	0
Net Investment Hedging \| Net foreign exchange derivatives
Gains/(losses) recorded in income and other comprehensive income/(loss)
Amounts recorded in income	26	$ 26	231	(221)
Amounts recorded in OCI	$ 1,650	$ 2,992	$ 558	$ 6,850

Loans

9 Months Ended

Sep. 30, 2023

Receivables [Abstract]

Loans

Loan accounting framework

The accounting for a loan depends on management’s strategy for the loan. The Firm accounts for loans based on the following categories:

•Originated or purchased loans held-for-investment (i.e., “retained”)

•Loans held-for-sale

•Loans at fair value

Refer to Note 12 of JPMorgan Chase's 2022 Form 10-K for a detailed discussion of loans, including accounting policies. Refer to Note 3 of this Form 10-Q for further information on the Firm's elections of fair value accounting under the fair value option. Refer to Note 2 of this Form 10-Q for information on loans carried at fair value and classified as trading assets.

On January 1, 2023 the Firm adopted the Financial Instruments - Credit Losses: Troubled Debt Restructurings and Vintage Disclosures accounting guidance as discussed in Note 1. The adoption of this guidance eliminated the existing accounting and disclosure requirements for TDRs, and implemented additional disclosure requirements for FDMs. The disclosure requirements for FDMs are effective for periods beginning on or after January 1, 2023. Refer to Note 12 of JPMorgan Chase's 2022 Form 10-K for a detailed discussion on loan modifications prior to January 1, 2023, which were accounted for and reported as TDRs. This new guidance also requires disclosure of current period gross charge-offs by vintage origination year, effective for periods beginning on or after January 1, 2023.

Loan portfolio

The Firm’s loan portfolio is divided into three portfolio segments, which are the same segments used by the Firm to determine the allowance for loan losses: Consumer, excluding credit card; Credit card; and Wholesale. Within each portfolio segment the Firm monitors and assesses the credit risk in the following classes of loans, based on the risk characteristics of each loan class.

Consumer, excluding
credit card

Credit card

Wholesale(c)(d)

• Residential real estate(a)

• Auto and other(b)

• Credit card loans

• Secured by real estate

• Commercial and industrial

• Other(e)

(a)Includes scored mortgage and home equity loans held in CCB and AWM, and scored mortgage loans held in CIB.

(b)Includes scored auto, business banking loans and overdrafts in BWM and other consumer unsecured loans in CIB.

(c)Includes loans held in CIB, CB, AWM, Corporate as well as risk-rated BWM and auto dealer loans held in CCB, for which the wholesale methodology is applied when determining the allowance for loan losses.

(d)The wholesale portfolio segment's classes align with loan classifications as defined by the bank regulatory agencies, based on the loan's collateral, purpose, and type of borrower.

(e)Includes loans to financial institutions, states and political subdivisions, SPEs, nonprofits, personal investment companies and trusts, as well as loans to individuals and individual entities (predominantly Global Private Bank clients within AWM and J.P. Morgan Wealth Management within CCB). Refer to Note 14 of JPMorgan Chase’s 2022 Form 10-K for more information on SPEs.

The following tables summarize the Firm’s loan balances by portfolio segment.


September 30, 2023	Consumer, excluding credit card			Credit card		Wholesale			Total(b)(c)
(in millions)
Retained	$	397,054	(a)	$	196,935	$	671,952	(a)	$	1,265,941
Held-for-sale	438			—		4,872			5,310
At fair value	11,277		(a)	—		27,531			38,808
Total	$	408,769		$	196,935	$	704,355		$	1,310,059

December 31, 2022	Consumer, excluding credit card			Credit card		Wholesale			Total(b)(c)
(in millions)
Retained	$	300,753		$	185,175	$	603,670		$	1,089,598
Held-for-sale	618			—		3,352			3,970
At fair value	10,004			—		32,075			42,079
Total	$	311,375		$	185,175	$	639,097		$	1,135,647

(a)Includes loans associated with First Republic consisting of $91.2 billion of retained loans and $1.8 billion of loans at fair value in consumer, excluding credit card and $53.8 billion of retained loans in wholesale.

(b)Excludes $6.5 billion and $5.2 billion of accrued interest receivables as of September 30, 2023 and December 31, 2022, respectively. Accrued interest receivables written off was not material for the three and nine months ended September 30, 2023 and 2022.

(c)Loans (other than those for which the fair value option has been elected) are presented net of unamortized discounts and premiums and net deferred loan fees or costs. These amounts were not material as of September 30, 2023 and December 31, 2022.

The following tables provide information about the carrying value of retained loans purchased, sold and reclassified to held-for-sale during the periods indicated. Loans that were reclassified to held-for-sale and sold in a subsequent period are excluded from the sales line of this table.


	2023										2022
Three months ended September 30, (in millions)	Consumer, excluding credit card			Credit card		Wholesale			Total		Consumer, excluding credit card			Credit card		Wholesale		Total
Purchases	$	62	(b)(c)	$	—	$	539		$	601	$	447	(b)(c)	$	—	$	462	$	909
Sales	1,318			—		13,076			14,394		2,755			—		11,226		13,981
Retained loans reclassified to held-for-sale(a)	33			—		194			227		47			—		343		390

	2023										2022
Nine months ended September 30, (in millions)	Consumer, excluding credit card			Credit card		Wholesale			Total		Consumer, excluding credit card			Credit card		Wholesale		Total
Purchases	$	92,143	(b)(c)(d)	$	—	$	59,100	(d)	$	151,243	$	1,539	(b)(c)	$	—	$	856	$	2,395
Sales	1,756			—		31,956			33,712		2,884			—		32,938		35,822
Retained loans reclassified to held-for-sale(a)	157			—		1,279			1,436		189			—		1,031		1,220

(a)Reclassifications of loans to held-for-sale are non-cash transactions.

(b)Includes purchases of residential real estate loans, including the Firm’s voluntary repurchases of certain delinquent loans from loan pools as permitted by Government National Mortgage Association (“Ginnie Mae”) guidelines for the three and nine months ended September 30, 2023 and 2022. The Firm typically elects to repurchase these delinquent loans as it continues to service them and/or manage the foreclosure process in accordance with applicable requirements of Ginnie Mae, FHA, RHS, and/or VA.

(c)Excludes purchases of retained loans of $1.9 billion and $2.4 billion for the three months ended September 30, 2023 and 2022, and $4.2 billion and $11.6 billion for the nine months ended September 30, 2023 and 2022, respectively, which are predominantly sourced through the correspondent origination channel and underwritten in accordance with the Firm’s standards.

(d)Includes loans acquired in the First Republic acquisition consisting of $91.9 billion in Consumer, excluding credit card and $58.4 billion in Wholesale.

Gains and losses on sales of loans

Net gains/(losses) on sales of loans and lending-related commitments (including adjustments to record loans and lending-related commitments held-for-sale at the lower of cost or fair value) recognized in noninterest revenue for the three and nine months ended September 30, 2023, was $9 million and $46 million, respectively, of which $9 million and $52 million, respectively, related to loans. Net gains/(losses) on sales of loans and lending-related commitments for the three and nine months ended September 30, 2022, was $68 million and $(246) million, respectively, of which $(48) million and $(80) million, respectively, related to loans. In addition, the sale of loans may also result in write downs, recoveries or changes in the allowance recognized in the provision for credit losses.

Consumer, excluding credit card loan portfolio

Consumer loans, excluding credit card loans, consist primarily of scored residential mortgages, home equity loans and lines of credit, auto and business banking loans, with a focus on serving the prime consumer credit market. The portfolio also includes home equity loans secured by junior liens, prime mortgage loans with an interest-only payment period and certain payment-option loans that may result in negative amortization.

The following table provides information about retained consumer loans, excluding credit card, by class.


(in millions)	September 30, 2023			December 31, 2022
Residential real estate	$	327,635	(a)	$	237,561
Auto and other	69,419			63,192
Total retained loans	$	397,054		$	300,753

(a)Included $91.2 billion of loans associated with First Republic.

Delinquency rates are the primary credit quality indicator for consumer loans. Refer to Note 12 of JPMorgan Chase's 2022 Form 10-K for further information on consumer credit quality indicators.

Residential real estate

Delinquency is the primary credit quality indicator for retained residential real estate loans. The following tables provide information on delinquency and gross charge-offs for the nine months ended September 30, 2023.


(in millions, except ratios)	September 30, 2023
	Term loans by origination year(f)																		Revolving loans						Total
	2023			2022			2021			2020			2019			Prior to 2019			Within the revolving period			Converted to term loans
Loan delinquency(a)(b)
Current(c)	$	19,478		$	64,947		$	85,516		$	56,324		$	21,854		$	61,742		$	7,453		$	8,489		$	325,803
30–149 days past due	2			31			28			34			27			759			47			220			1,148
150 or more days past due	1			7			13			1			25			466			3			168			684
Total retained loans	$	19,481		$	64,985		$	85,557		$	56,359		$	21,906		$	62,967		$	7,503		$	8,877		$	327,635
% of 30+ days past due to total retained loans(d)(e)	0.02		%	0.06		%	0.05		%	0.06		%	0.24		%	1.92		%	0.67		%	4.37		%	0.55		%
Gross charge-offs	$	—		$	—		$	—		$	—		$	1		$	101		$	20		$	7		$	129


(in millions, except ratios)	December 31, 2022
	Term loans by origination year(f)																		Revolving loans						Total
	2022			2021			2020			2019			2018			Prior to 2018			Within the revolving period			Converted to term loans
Loan delinquency(a)(b)
Current	$	39,934		$	66,072		$	43,315		$	15,397		$	6,339		$	49,632		$	5,589		$	9,685		$	235,963
30–149 days past due	29			11			14			20			20			597			15			208			914
150 or more days past due	1			1			6			10			7			480			4			175			684
Total retained loans	$	39,964		$	66,084		$	43,335		$	15,427		$	6,366		$	50,709		$	5,608		$	10,068		$	237,561
% of 30+ days past due to total retained loans(d)	0.08		%	0.02		%	0.05		%	0.19		%	0.42		%	2.07		%	0.34		%	3.80		%	0.66		%

(a)Individual delinquency classifications include mortgage loans insured by U.S. government agencies which were not material at September 30, 2023 and December 31, 2022

(b)At September 30, 2023 and December 31, 2022, loans under payment deferral programs offered in response to the COVID-19 pandemic which are still within their deferral period and performing according to their modified terms are generally not considered delinquent.

(c)Included $6.1 billion, $26.5 billion, $22.2 billion, $15.0 billion, $7.5 billion, and $11.3 billion of term loans originated in 2023, 2022, 2021, 2020, 2019 and prior to 2019, respectively, and $2.5 billion of revolving loans within the revolving period associated with First Republic.

(d)Excludes mortgage loans that are 30 or more days past due insured by U.S. government agencies which were not material at September 30, 2023 and December 31, 2022. These amounts have been excluded based upon the government guarantee.

(e)Included $165 million of 30+ days past due loans associated with First Republic.

(f)Purchased loans are included in the year in which they were originated.

Approximately 37% of the total revolving loans are senior lien loans; the remaining balance are junior lien loans. The lien position the Firm holds is considered in the Firm’s allowance for credit losses. Revolving loans that have been converted to term loans have higher delinquency rates than those that are still within the revolving period. That is primarily because the fully-amortizing payment that is generally required for those products is higher than the minimum payment options available for revolving loans within the revolving period.

Nonaccrual loans and other credit quality indicators

The following table provides information on nonaccrual and other credit quality indicators for retained residential real estate loans.


(in millions, except weighted-average data)	September 30, 2023				December 31, 2022
Nonaccrual loans(a)(b)(c)(d)(e)	$	3,604			$	3,745

Current estimated LTV ratios(f)(g)(h)
Greater than 125% and refreshed FICO scores:
Equal to or greater than 660	$	169			$	2
Less than 660	4				—
101% to 125% and refreshed FICO scores:
Equal to or greater than 660	330				174
Less than 660	8				6
80% to 100% and refreshed FICO scores:
Equal to or greater than 660	10,813			(l)	12,034
Less than 660	197				184
Less than 80% and refreshed FICO scores:
Equal to or greater than 660	305,108			(l)	215,096
Less than 660	10,083			(l)	8,659
No FICO/LTV available	923				1,406			(k)
Total retained loans	$	327,635		(m)	$	237,561

Weighted average LTV ratio(f)(i)	50		%		51		%
Weighted average FICO(g)(i)	772				769

Geographic region(j)(k)
California	$	127,702		(n)	$	73,112
New York	49,126			(n)	34,471
Florida	22,671			(n)	18,870
Texas	15,517				14,968
Massachusetts	14,292			(n)	6,380
Illinois	10,990				11,296
Colorado	10,800				9,968
Washington	9,874				9,060
New Jersey	8,101				7,108
Connecticut	7,155				5,432
All other	51,407				46,896
Total retained loans	$	327,635			$	237,561

(a)Includes collateral-dependent residential real estate loans that are charged down to the fair value of the underlying collateral less costs to sell. The Firm reports, in accordance with regulatory guidance, residential real estate loans that have been discharged under Chapter 7 bankruptcy and not reaffirmed by the borrower (“Chapter 7 loans”) as collateral-dependent nonaccrual loans, regardless of their delinquency status. At September 30, 2023, approximately 10% of Chapter 7 residential real estate loans were 30 days or more past due.

(b)Mortgage loans insured by U.S. government agencies excluded from nonaccrual loans were not material at September 30, 2023 and December 31, 2022.

(c)Generally, all consumer nonaccrual loans have an allowance. In accordance with regulatory guidance, certain nonaccrual loans that are considered collateral-dependent have been charged down to the lower of amortized cost or the fair value of their underlying collateral less costs to sell. If the value of the underlying collateral improves subsequent to charge down, the related allowance may be negative.

(d)Interest income on nonaccrual loans recognized on a cash basis was $44 million and $42 million and $133 million and $132 million for the three and nine months ended September 30, 2023 and 2022, respectively.

(e)Generally excludes loans under payment deferral programs offered in response to the COVID-19 pandemic.

(f)Represents the aggregate unpaid principal balance of loans divided by the estimated current property value. Current property values are estimated, at a minimum, quarterly, based on home valuation models using nationally recognized home price index valuation estimates incorporating actual data to the extent available and forecasted data where actual data is not available. Current estimated combined LTV for junior lien home equity loans considers all available lien positions, as well as unused lines, related to the property.

(g)Refreshed FICO scores represent each borrower’s most recent credit score, which is obtained by the Firm on at least a quarterly basis.

(h)Includes residential real estate loans, primarily held in LLCs in AWM that did not have a refreshed FICO score. These loans have been included in a FICO band based on management’s estimation of the borrower’s credit quality.

(i)Excludes loans with no FICO and/or LTV data available.

(j)The geographic regions presented in the table are ordered based on the magnitude of the corresponding loan balances at September 30, 2023.

(k)Prior-period amounts have been revised to conform with the current presentation.

(l)Included $2.6 billion in equal to or greater than 660 FICO scores within 80% to 100% LTV ratio, and $86.3 billion and $1.7 billion in equal to or greater than 660 and less than 660 FICO scores, respectively, within less than 80% LTV ratio associated with First Republic.

(m)Included $91.2 billion of loans associated with First Republic.

(n)Included $55.2 billion, $15.0 billion, $3.6 billion and $7.9 billion in California, New York, Florida and Massachusetts, respectively, associated with First Republic.

Loan modifications

The Firm grants certain modifications of residential real estate loans to borrowers experiencing financial difficulty, which effective January 1, 2023, are reported as FDMs. The Firm's proprietary modification programs as well as government programs, including U.S. GSE programs, that generally provide various modifications to borrowers experiencing financial difficulty including, but not limited to, interest rate reductions, term extensions, other-than-insignificant payment delay and principal forgiveness that would otherwise have been required under the terms of the original agreement, are considered FDMs.

Financial effects of FDMs

For the three and nine months ended September 30, 2023, residential real estate FDMs were $43 million and $110 million, respectively. The financial effects of the FDMs, which were predominantly in the form of term extensions and interest rate reductions, included extending the weighted-average life of the loans by 22 years and 19 years, and reducing the weighted-average contractual interest rate from 7.22% to 4.63% and 7.04% to 4.24% for the three and nine months ended September 30, 2023, respectively. For the three and nine months ended September 30, 2023, there were no additional commitments to lend to borrowers experiencing financial difficulty whose loans have been modified as FDMs.

In addition to FDMs, the Firm also had $27 million and $59 million of loans subject to a trial modification, and $3 million and $7 million of Chapter 7 loans for the three and nine months ended September 30, 2023, respectively. The changes to the TDR accounting guidance eliminated the TDR reasonably expected and concession assessment criteria. Accordingly, trial modifications and Chapter 7 loans were considered TDRs, but not FDMs.

Payment status of FDMs and redefaults

For the three and nine months ended September 30, 2023, residential real estate FDMs of $6 million and $20 million, respectively, were 30 or more days past due.

For both the three and nine months ended September 30, 2023, FDMs that re-defaulted were not material.

Nature and extent of TDRs

For periods ending prior to January 1, 2023, modifications of residential real estate loans where the Firm granted concessions to borrowers who were experiencing financial difficulty were generally accounted for and reported as TDRs. For the three and nine months ended September 30, 2022, new TDRs were $80 million and $313 million, respectively. There were no additional commitments to lend to borrowers whose residential real estate loans have been modified in TDRs. Refer to Note 12 of JPMorgan Chase's 2022 Form 10-K for further information on TDRs.

The following table provides information about how residential real estate loans were modified in TDRs during the period presented.


	Three months ended September 30,		Nine months ended September 30,
	2022		2022
Number of loans approved for a trial modification	820		3,258
Number of loans permanently modified	784		3,615
Concession granted:(a)
Interest rate reduction	47	%	54	%
Term or payment extension	61		65
Principal and/or interest deferred	9		11
Principal forgiveness	—		1
Other(b)	46		38

(a)Represents concessions granted in permanent modifications as a percentage of the number of loans permanently modified. The sum of the percentages exceeds 100% because predominantly all of the modifications include more than one type of concession. Concessions offered on trial modifications are generally consistent with those granted on permanent modifications.

(b)Includes variable interest rate to fixed interest rate modifications and payment delays that meet the definition of a TDR.

Financial effects of TDRs and redefaults

The following table provides information about the financial effects of the various concessions granted in modifications of residential real estate loans and about redefaults of certain loans modified in TDRs for the period presented.


(in millions, except weighted-average data)	Three months ended September 30,			Nine months ended September 30,
	2022			2022
Weighted-average interest rate of loans with interest rate reductions – before TDR	5.39		%	4.65		%
Weighted-average interest rate of loans with interest rate reductions – after TDR	3.52			3.34
Weighted-average remaining contractual term (in years) of loans with term or payment extensions – before TDR	20			22
Weighted-average remaining contractual term (in years) of loans with term or payment extensions – after TDR	37			38
Charge-offs recognized upon permanent modification	$	—		$	1
Principal deferred	4			15
Principal forgiven	—			1
Balance of loans that redefaulted within one year of permanent modification(a)	$	33		$	103

(a)Represents loans permanently modified in TDRs that experienced a payment default in the period presented, and for which the payment default occurred within one year of the modification. The dollar amount presented represents the balance of such loans at the end of the reporting period in which such loans defaulted.

Active and suspended foreclosure

At September 30, 2023 and December 31, 2022, the Firm had residential real estate loans, excluding those insured by U.S. government agencies, with a carrying value of $589 million and $565 million, respectively, that were not included in REO, but were in the process of active or suspended foreclosure.

Auto and other

Delinquency is the primary credit quality indicator for retained auto and other loans. The following tables provide information on delinquency and gross charge-offs for the nine months ended September 30, 2023.


	September 30, 2023
(in millions, except ratios)	Term loans by origination year																		Revolving loans
	2023			2022			2021			2020			2019			Prior to 2019			Within the revolving period			Converted to term loans			Total
Loan delinquency
Current	$	24,269		$	16,365		$	14,484		$	7,621		$	2,242		$	723		$	2,712		$	110		$	68,526
30–119 days past due	200			249			219			76			44			20			14			20			842
120 or more days past due	—			—			21			13			—			1			2			14			51
Total retained loans	$	24,469		$	16,614		$	14,724		$	7,710		$	2,286		$	744		$	2,728		$	144		$	69,419
% of 30+ days past due to total retained loans(a)	0.82		%	1.50		%	1.47		%	0.97		%	1.92		%	2.82		%	0.59		%	23.61		%	1.23		%
Gross charge-offs	$	211		$	233		$	121		$	42		$	25		$	46		$	—		$	2		$	680


	December 31, 2022
(in millions, except ratios)	Term loans by origination year																		Revolving loans
	2022			2021			2020			2019			2018			Prior to 2018			Within the revolving period			Converted to term loans			Total
Loan delinquency
Current	$	22,187		$	20,212		$	11,401		$	3,991		$	1,467		$	578		$	2,342		$	118		$	62,296
30–119 days past due	263			308			100			68			33			17			12			10			811
120 or more days past due	—			53			24			—			—			1			2			5			85
Total retained loans	$	22,450		$	20,573		$	11,525		$	4,059		$	1,500		$	596		$	2,356		$	133		$	63,192
% of 30+ days past due to total retained loans(a)	1.17		%	1.15		%	0.83		%	1.68		%	2.20		%	3.02		%	0.59		%	11.28		%	1.18		%

(a)At September 30, 2023 and December 31, 2022, auto and other loans excluded $38 million and $153 million, respectively, of PPP loans guaranteed by the SBA that are 30 or more days past due. These amounts have been excluded based upon the SBA guarantee.

Nonaccrual and other credit quality indicators

The following table provides information on nonaccrual and other credit quality indicators for retained auto and other consumer loans.


(in millions)	Total Auto and other
	September 30, 2023		December 31, 2022
Nonaccrual loans(a)(b)(c)	$	162	$	129

Geographic region(d)
California	$	10,580	$	9,689
Texas	8,280		7,216
Florida	5,500		4,847
New York	4,750		4,345
Illinois	3,095		2,839
New Jersey	2,530		2,219
Georgia	1,892		1,708
Pennsylvania	1,887		1,822
Arizona	1,747		1,551
North Carolina	1,677		1,481
All other	27,481		25,475
Total retained loans	$	69,419	$	63,192

(a)At September 30, 2023 and December 31, 2022, nonaccrual loans excluded $35 million and $101 million, respectively, of PPP loans 90 or more days past due and guaranteed by the SBA, of which $33 million and $76 million, respectively, were no longer accruing interest based on the guidelines set by the SBA. Typically the principal balance of the loans is insured and interest is guaranteed at a specified reimbursement rate subject to meeting the guidelines set by the SBA. There were no loans that were not guaranteed by the SBA that are 90 or more days past due and still accruing interest at September 30, 2023 and December 31, 2022.

(b)Generally, all consumer nonaccrual loans have an allowance. In accordance with regulatory guidance, certain nonaccrual loans that are considered collateral-dependent have been charged down to the lower of amortized cost or the fair value of their underlying collateral less costs to sell. If the value of the underlying collateral improves subsequent to charge down, the related allowance may be negative.

(c)Interest income on nonaccrual loans recognized on a cash basis was not material for the three and nine months ended September 30, 2023 and 2022.

(d)The geographic regions presented in this table are ordered based on the magnitude of the corresponding loan balances at September 30, 2023.

Loan modifications

The Firm grants certain modifications of auto and other loans to borrowers experiencing financial difficulty, which effective January 1, 2023, are reported as FDMs. For the three and nine months ended September 30, 2023 and 2022, auto and other FDMs were not material and there were no additional commitments to lend to borrowers modified as FDMs.

For the three and nine months ended September 30, 2022, auto and other TDRs were not material.

Credit card loan portfolio

The credit card portfolio segment includes credit card loans originated and purchased by the Firm. Delinquency rates are the primary credit quality indicator for credit card loans.

Refer to Note 12 of JPMorgan Chase's 2022 Form 10-K for further information on the credit card loan portfolio, including credit quality indicators.

The following tables provide information on delinquency and gross charge-offs for the nine months ended September 30, 2023.


(in millions, except ratios)	September 30, 2023
	Within the revolving period			Converted to term loans			Total
Loan delinquency
Current and less than 30 days past due and still accruing	$	192,295		$	814		$	193,109
30–89 days past due and still accruing	1,901			76			1,977
90 or more days past due and still accruing	1,810			39			1,849
Total retained loans	$	196,006		$	929		$	196,935
Loan delinquency ratios
% of 30+ days past due to total retained loans	1.89		%	12.38		%	1.94		%
% of 90+ days past due to total retained loans	0.92			4.20			0.94
Gross charge-offs	$	3,737		$	115		$	3,852


(in millions, except ratios)	December 31, 2022
	Within the revolving period			Converted to term loans			Total
Loan delinquency
Current and less than 30 days past due and still accruing	$	181,793		$	696		$	182,489
30–89 days past due and still accruing	1,356			64			1,420
90 or more days past due and still accruing	1,230			36			1,266
Total retained loans	$	184,379		$	796		$	185,175
Loan delinquency ratios
% of 30+ days past due to total retained loans	1.40		%	12.56		%	1.45		%
% of 90+ days past due to total retained loans	0.67			4.52			0.68

Other credit quality indicators

The following table provides information on other credit quality indicators for retained credit card loans.


(in millions, except ratios)	September 30, 2023			December 31, 2022
Geographic region(a)
California	$	30,227		$	28,154
Texas	20,654			19,171
New York	15,996			15,046
Florida	13,957			12,905
Illinois	10,721			10,089
New Jersey	8,148			7,643
Colorado	5,989			5,493
Ohio	5,987			5,792
Pennsylvania	5,653			5,517
Arizona	4,828			4,487
All other	74,775			70,878
Total retained loans	$	196,935		$	185,175
Percentage of portfolio based on carrying value with estimated refreshed FICO scores
Equal to or greater than 660	85.8		%	86.8		%
Less than 660	14.0			13.0
No FICO available	0.2			0.2

(a)The geographic regions presented in the table are ordered based on the magnitude of the corresponding loan balances at September 30, 2023.

Loan modifications

The Firm grants certain modifications of credit card loans to borrowers experiencing financial difficulty, which effective January 1, 2023, are reported as FDMs. These modifications involve placing the customer on a fixed payment plan, generally for 60 months, and typically include reducing the interest rate on the credit card under long-term programs. If the cardholder does not comply with the modified payment terms, then the credit card loan continues to age and will ultimately be charged-off in accordance with the Firm's standard charge-off policy. In most cases, the Firm does not reinstate the borrower's line of credit.

Financial effects of FDMs

The following tables provide information on credit card loan modifications considered FDMs.


Three months ended September 30, 2023 (in millions)	Amortized cost basis		% of loan modifications to total retained credit card loans		Financial effect of loan modification

Loan modification
Term extension and interest rate reduction(a)(b)	$	197	0.10	%	Term extension with a reduction in the weighted average contractual interest rate from 23.48% to 3.67%
Total	$	197


Nine months ended September 30, 2023 (in millions)	Amortized cost basis		% of loan modifications to total retained credit card loans		Financial effect of loan modification

Loan modification
Term extension and interest rate reduction(a)(b)	$	489	0.25	%	Term extension with a reduction in the weighted average contractual interest rate from 23.15% to 3.58%
Total	$	489

(a)Term extension includes credit card loans whose terms have been modified under long-term programs by placing the customer on a fixed payment plan.

(b)The interest rates represent weighted average at enrollment.

For both the three and nine months ended September 30, 2023, the Firm also had $29 million of credit card loans subject to trial modifications. The changes to the TDR accounting guidance eliminated the TDR reasonably expected and concession assessment criteria. Accordingly, trial modifications are not considered FDMs.

Payment status of FDMs and redefaults

The following table provides information on the payment status of FDMs during the three and nine months ended September 30, 2023.


(in millions)	Amortized cost basis
	Three months ended September 30,		Nine months ended September 30,
	2023		2023
Current and less than 30 days past due and still accruing	$	143	$	414
30-89 days past due and still accruing	33		47
90 or more days past due and still accruing	21		28
Total	$	197	$	489

There were $18 million and $24 million FDMs that re-defaulted during both the three and nine months ended September 30, 2023 which were a combination of term extension and interest rate reduction.

For credit card loans modified as FDMs, payment default is deemed to have occurred when the borrower misses two consecutive contractual payments. Defaulted modified credit card loans remain in the modification program and continue to be charged off in accordance with the Firm's standard charge-off policy.

Financial effects of TDRs and redefaults

For periods ending prior to January 1, 2023, modifications of credit card loans where the Firm granted concessions to borrowers who were experiencing financial difficulty were generally accounted for and reported as TDRs. Refer to Note 12 of JPMorgan Chase's 2022 Form 10-K for further information on TDRs.

The following table provides information about the financial effects of the concessions granted on credit card loans modified in TDRs and redefaults. New enrollments were less than 1% of total retained credit card loans.


(in millions, except weighted-average data)	Three months ended September 30,			Nine months ended September 30,
	2022			2022
Balance of new TDRs(a)	$	111		$	274
Weighted-average interest rate of loans – before TDR	20.26		%	19.19		%
Weighted-average interest rate of loans – after TDR	3.81			4.37
Balance of loans that redefaulted within one year of modification(b)	$	9		$	26

(a)Represents the outstanding balance prior to modification.

(b)Represents loans modified in TDRs that experienced a payment default in the period presented, and for which the payment default occurred within one year of the modification. The amount presented represents the balance of such loans as of the end of the quarter in which they defaulted.

Wholesale loan portfolio

Wholesale loans include loans made to a variety of clients, ranging from large corporate and institutional clients, to small businesses and high-net-worth individuals. The primary credit quality indicator for wholesale loans is the internal risk rating assigned to each loan. Refer to Note 12 of JPMorgan Chase’s 2022 Form 10-K for further information on these risk ratings.

Internal risk rating is the primary credit quality indicator for retained wholesale loans. The following tables provide information on internal risk rating and gross charge-offs for the nine months ended September 30, 2023.


	Secured by real estate						Commercial and industrial						Other(b)							Total retained loans
(in millions, except ratios)	Sep 30, 2023			Dec 31, 2022			Sep 30, 2023			Dec 31, 2022				Sep 30, 2023			Dec 31, 2022				Sep 30, 2023			Dec 31, 2022
Loans by risk ratings
Investment-grade	$	124,446		$	99,552		$	71,287		$	76,275			$	267,978		$	249,585			$	463,711		$	425,412
Noninvestment-grade:
Noncriticized	31,870			23,272			81,984			81,393				73,786			57,888				187,640			162,553
Criticized performing	5,071			3,662			11,586			8,974				1,037			1,106				17,694			13,742
Criticized nonaccrual	490			246			1,320			1,018				1,097			699				2,907			1,963
Total noninvestment-grade	37,431			27,180			94,890			91,385				75,920			59,693				208,241			178,258
Total retained loans(a)	$	161,877		$	126,732		$	166,177		$	167,660			$	343,898		$	309,278			$	671,952		$	603,670
% of investment-grade to total retained loans	76.88		%	78.55		%	42.90		%	45.49		%		77.92		%	80.70		%		69.01		%	70.47		%
% of total criticized to total retained loans	3.44			3.08			7.77			5.96				0.62			0.58				3.07			2.60
% of criticized nonaccrual to total retained loans	0.30			0.19			0.79			0.61				0.32			0.23				0.43			0.33

(a)As of September 30, 2023 included $33.9 billion of Secured by real estate loans, $2.9 billion of Commercial and industrial loans, and $17.0 billion of Other loans associated with First Republic.

(b)Includes loans to financial institutions, states and political subdivisions, SPEs, nonprofits, personal investment companies and trusts, as well as loans to individuals and individual entities (predominantly Global Private Bank clients within AWM and J.P. Morgan Wealth Management within CCB). Refer to Note 14 of JPMorgan Chase’s 2022 Form 10-K for more information on SPEs.


	Secured by real estate
(in millions)	September 30, 2023
	Term loans by origination year												Revolving loans
	2023		2022		2021		2020		2019		Prior to 2019		Within the revolving period		Converted to term loans		Total
Loans by risk ratings
Investment-grade	$	8,379	$	30,591	$	26,874	$	17,585	$	16,523	$	23,111	$	1,383	$	—	$	124,446
Noninvestment-grade	3,653		10,811		7,147		3,508		3,609		7,607		1,095		1		37,431
Total retained loans(a)	$	12,032	$	41,402	$	34,021	$	21,093	$	20,132	$	30,718	$	2,478	$	1	$	161,877
Gross charge-offs	$	—	$	35	$	22	$	—	$	17	$	63	$	—	$	1	$	138


	Secured by real estate
(in millions)	December 31, 2022
	Term loans by origination year												Revolving loans
	2022		2021		2020		2019		2018		Prior to 2018		Within the revolving period		Converted to term loans		Total
Loans by risk ratings
Investment-grade	$	24,134	$	22,407	$	14,773	$	14,666	$	5,277	$	17,289	$	1,006	$	—	$	99,552
Noninvestment-grade	6,072		5,602		3,032		3,498		2,395		5,659		920		2		27,180
Total retained loans	$	30,206	$	28,009	$	17,805	$	18,164	$	7,672	$	22,948	$	1,926	$	2	$	126,732

(a) As of September 30, 2023 included $3.1 billion, $11.1 billion, $6.3 billion, $4.4 billion, $2.9 billion, and $5.3 billion of retained loans originated in 2023, 2022, 2021, 2020, 2019 and prior to 2019, respectively, and $832 million of revolving loans within the revolving period associated with First Republic.


	Commercial and industrial
(in millions)	September 30, 2023
	Term loans by origination year												Revolving loans
	2023		2022		2021		2020		2019		Prior to 2019		Within the revolving period		Converted to term loans		Total
Loans by risk ratings
Investment-grade	$	12,399	$	11,455	$	4,659	$	2,378	$	1,264	$	1,074	$	38,057	$	1	$	71,287
Noninvestment-grade	13,327		17,731		10,654		2,540		1,478		1,395		47,680		85		94,890
Total retained loans(a)	$	25,726	$	29,186	$	15,313	$	4,918	$	2,742	$	2,469	$	85,737	$	86	$	166,177
Gross charge-offs	$	1	$	7	$	23	$	1	$	2	$	8	$	220	$	7	$	269


	Commercial and industrial
(in millions)	December 31, 2022
	Term loans by origination year												Revolving loans
	2022		2021		2020		2019		2018		Prior to 2018		Within the revolving period		Converted to term loans		Total
Loans by risk ratings
Investment-grade	$	21,072	$	8,338	$	3,045	$	1,995	$	748	$	989	$	40,087	$	1	$	76,275
Noninvestment-grade	24,088		12,444		3,459		2,506		525		1,014		47,267		82		91,385
Total retained loans	$	45,160	$	20,782	$	6,504	$	4,501	$	1,273	$	2,003	$	87,354	$	83	$	167,660

(a) As of September 30, 2023 included $210 million, $609 million, $369 million, $223 million, $65 million, and $175 million of retained loans originated in 2023, 2022, 2021, 2020, 2019 and prior to 2019, respectively, and $1.3 billion of revolving loans within the revolving period associated with First Republic.


	Other(a)
(in millions)	September 30, 2023
	Term loans by origination year												Revolving loans
	2023		2022		2021		2020		2019		Prior to 2019		Within the revolving period		Converted to term loans		Total
Loans by risk ratings
Investment-grade	$	33,905	$	19,379	$	10,824	$	10,701	$	3,751	$	7,143	$	180,152	$	2,123	$	267,978
Noninvestment-grade	9,380		11,697		6,480		2,406		651		2,174		43,049		83		75,920
Total retained loans(b)	$	43,285	$	31,076	$	17,304	$	13,107	$	4,402	$	9,317	$	223,201	$	2,206	$	343,898
Gross charge-offs	$	1	$	8	$	9	$	6	$	—	$	1	$	3	$	—	$	28


	Other(a)
(in millions)	December 31, 2022
	Term loans by origination year												Revolving loans
	2022		2021		2020		2019		2018		Prior to 2018		Within the revolving period		Converted to term loans		Total
Loans by risk ratings
Investment-grade	$	32,121	$	15,864	$	13,015	$	4,529	$	2,159	$	7,251	$	171,049	$	3,597	$	249,585
Noninvestment-grade	16,829		7,096		1,821		699		451		475		32,240		82		59,693
Total retained loans	$	48,950	$	22,960	$	14,836	$	5,228	$	2,610	$	7,726	$	203,289	$	3,679	$	309,278

(a)Includes loans to financial institutions, states and political subdivisions, SPEs, nonprofits, personal investment companies and trusts, as well as loans to individuals and individual entities (predominantly Global Private Bank clients within AWM and J.P. Morgan Wealth Management within CCB). Refer to Note 14 of JPMorgan Chase’s 2022 Form 10-K for more information on SPEs.

(b)As of September 30, 2023 included $176 million, $766 million, $763 million, $1.0 billion, $174 million, and $1.3 billion of retained loans originated in 2023, 2022, 2021, 2020, 2019 and prior to 2019, respectively, $12.8 billion of revolving loans within the revolving period, and $67 million converted to term loans associated with First Republic.

The following table presents additional information on retained loans secured by real estate, which consists of loans secured wholly or substantially by a lien or liens on real property at origination.


(in millions, except ratios)	Multifamily						Other commercial						Total retained loans secured by real estate
	Sep 30, 2023			Dec 31, 2022			Sep 30, 2023			Dec 31, 2022			Sep 30, 2023				Dec 31, 2022
Retained loans secured by real estate	$	100,839		$	79,139		$	61,038		$	47,593		$	161,877		(a)	$	126,732
Criticized	2,329			1,916			3,232			1,992			5,561				3,908
% of criticized to total retained loans secured by real estate	2.31		%	2.42		%	5.30		%	4.19		%	3.44		%		3.08		%
Criticized nonaccrual	$	51		$	51		$	439		$	195		$	490			$	246
% of criticized nonaccrual loans to total retained loans secured by real estate	0.05		%	0.06		%	0.72		%	0.41		%	0.30		%		0.19		%

(a) Included $20.7 billion and $13.1 billion of Multifamily and Other commercial loans, respectively, associated with First Republic.

Geographic distribution and delinquency

The following table provides information on the geographic distribution and delinquency for retained wholesale loans.


	Secured by real estate				Commercial and industrial				Other				Total retained loans
(in millions)	Sep 30, 2023		Dec 31, 2022		Sep 30, 2023		Dec 31, 2022		Sep 30, 2023		Dec 31, 2022		Sep 30, 2023		Dec 31, 2022
Loans by geographic distribution(a)(b)
Total U.S.	$	159,200	$	123,740	$	125,997	$	125,324	$	264,656	$	230,525	$	549,853	$	479,589
Total non-U.S.	2,677		2,992		40,180		42,336		79,242		78,753		122,099		124,081
Total retained loans	$	161,877	$	126,732	$	166,177	$	167,660	$	343,898	$	309,278	$	671,952	$	603,670
Loan delinquency
Current and less than 30 days past due and still accruing	$	160,861	$	126,083	$	164,179	$	165,415	$	341,810	$	307,511	$	666,850	$	599,009
30–89 days past due and still accruing	507		402		598		1,127		949		1,015		2,054		2,544
90 or more days past due and still accruing(c)	19		1		80		100		42		53		141		154
Criticized nonaccrual	490		246		1,320		1,018		1,097		699		2,907		1,963
Total retained loans	$	161,877	$	126,732	$	166,177	$	167,660	$	343,898	$	309,278	$	671,952	$	603,670

(a)The U.S. and non-U.S. distribution is determined based predominantly on the domicile of the borrower.

(b)Borrowers associated with First Republic are predominantly domiciled in the U.S.

(c)Represents loans that are considered well-collateralized and therefore still accruing interest.

Nonaccrual loans

The following table provides information on retained wholesale nonaccrual loans.


(in millions)	Secured by real estate				Commercial and industrial				Other				Total retained loans
	Sep 30, 2023		Dec 31, 2022		Sep 30, 2023		Dec 31, 2022		Sep 30, 2023		Dec 31, 2022		Sep 30, 2023		Dec 31, 2022
Nonaccrual loans
With an allowance	$	106	$	172	$	885	$	686	$	873	$	487	$	1,864	$	1,345
Without an allowance(a)	384		74		435		332		224		212		1,043		618
Total nonaccrual loans(b)	$	490	$	246	$	1,320	$	1,018	$	1,097	$	699	$	2,907	$	1,963

(a)When the discounted cash flows or collateral value equals or exceeds the amortized cost of the loan, the loan does not require an allowance. This typically occurs when the loans have been partially charged off and/or there have been interest payments received and applied to the loan balance.

(b)Interest income on nonaccrual loans recognized on a cash basis was not material for the three and nine months ended September 30, 2023 and 2022.

Loan modifications

The Firm grants certain modifications of wholesale loans to borrowers experiencing financial difficulty, which effective January 1, 2023, are reported as FDMs.

Financial effects of FDMs

The following tables provide information about Secured by real estate, Commercial and industrial and Other loan modifications considered FDMs.


(in millions)	Secured by real estate
	Three months ended September 30, 2023					Nine months ended September 30, 2023
	Amortized cost basis		% of loan modifications to total retained Commercial and industrial loans		Financial effect of loan modification	Amortized cost basis		% of loan modifications to total retained Commercial and industrial loans		Financial effect of loan modification
Loan modification
Single modifications
Interest rate reduction	$	—	—	%		$	5	—	%	Reduced weighted-average contractual interest by 350 bps
Term extension	60		0.04	%	Extended loans by a weighted-average of 14 months	112		0.07	%	Extended loans by a weighted-average of 13 months

Other-than-insignificant payment delay	—		—	%		2		—	%	Provided payment deferrals with delayed amounts primarily re-amortized over the remaining tenor
Multiple modifications
Interest rate reduction and term extension	$	—	—	%		$	1	—	%	Reduced weighted-average contractual interest by (271) bps and extended loans by a weighted-average of 9 months
Other-than-insignificant payment delay and interest rate reduction	$	—	—	%		$	5	—	%	Provided payment deferrals with delayed amounts primarily recaptured at maturity and reduced weighted-average contractual interest by 184 bps
Total	$	60				$	125


(in millions)	Commercial and industrial
	Three months ended September 30, 2023					Nine months ended September 30, 2023
	Amortized cost basis		% of loan modifications to total retained Commercial and industrial loans		Financial effect of loan modification	Amortized cost basis		% of loan modifications to total retained Commercial and industrial loans		Financial effect of loan modification
Loan modification
Single modifications

Term extension	$	372	0.22	%	Extended loans by a weighted-average of 21 months	$	669	0.40	%	Extended loans by a weighted-average of 19 months

Other-than-insignificant payment delay	309		0.19	%	Provided payment deferrals with delayed amounts primarily re-amortized over the remaining tenor	310		0.19	%	Provided payment deferrals with delayed amounts primarily re-amortized over the remaining tenor
Multiple modifications
Other-than-insignificant payment delay and term extension	$	32	0.02	%	Provided payment deferrals with delayed amounts primarily recaptured at maturity and extended loans by a weighted-average of 6 months	$	32	0.02	%	Provided payment deferrals with delayed amounts primarily recaptured at maturity and extended loans by a weighted-average of 6 months
Other-than-insignificant payment delay and interest rate reduction and term extension	2		—	%	Provided payment deferrals with delayed amounts primarily recaptured through re-amortization over the remaining tenor and reduced weighted-average contractual interest by 75 bps and extended loans by a weighted-average of 31 months	2		—	%	Provided payment deferrals with delayed amounts primarily recaptured through re-amortization over the remaining tenor and reduced weighted-average contractual interest by 75 bps and extended loans by a weighted-average of 31 months
Term extension and principal forgiveness	—		—	%		14		0.01	%	Extended loans by a weighted-average of 73 months and reduced amortized cost basis of the loans by $23 mm
Interest rate reduction and term extension	—		—	%		1		—	%	Reduced weighted-average contractual interest by (136) bps and extended loans by a weighted-average of 18 months
	$	715				$	1,028


(in millions)	Other
	Three months ended September 30, 2023					Nine months ended September 30, 2023
	Amortized cost basis		% of loan modifications to total retained Other loans		Financial effect of loan modification	Amortized cost basis		% of loan modifications to total retained Other loans		Financial effect of loan modification
Loan modification
Single modifications
Interest rate reduction	$	—	—	%		$	9	—	%	Reduced weighted-average contractual interest by 654 bps
Term extension	100		0.03	%	Extended loans by a weighted-average of 27 months	100		0.03	%	Extended loans by a weighted-average of 30 months


Multiple modifications
Interest rate reduction and term extension	$	495	0.14	%	Reduced weighted-average contractual interest by 1,708 bps and extended loans by a weighted-average of 7 months	$	495	0.14	%	Reduced weighted-average contractual interest by 1,708 bps and extended loans by a weighted-average of 7 months
Other-than-insignificant payment delay and term extension	—		—	%		233		0.07	%	Provided payment deferrals with delayed amounts primarily recaptured at the end of the deferral period and extended loans by a weighted-average of 144 months
Total	$	595				$	837

Payment status of FDMs and redefaults

The following table provides information on the payment status of Secured by real estate, Commercial and industrial and Other FDMs during the three and nine months ended September 30, 2023.


	Amortized cost basis
	Secured by real estate				Commercial and industrial				Other
(in millions)	Three months ended September 30, 2023		Nine months ended September 30, 2023		Three months ended September 30, 2023		Nine months ended September 30, 2023		Three months ended September 30, 2023		Nine months ended September 30, 2023
Current and less than 30 days past due and still accruing	$	60	$	117	$	504	$	703	$	16	$	248
30-89 days past due and still accruing	—		—		—		—		28		28
90 or more days past due and still accruing	—		—		10		10		—		—
Criticized nonaccrual	—		8		201		315		551		561
Total	$	60	$	125	$	715	$	1,028	$	595	$	837

The following table provides information on Secured by real estate, Commercial and industrial and Other FDMs that re-defaulted during the three and nine months ended September 30, 2023.


(in millions)	Amortized cost basis
	Secured by real estate				Commercial and industrial				Other
	Three months ended September 30, 2023		Nine months ended September 30, 2023		Three months ended September 30, 2023		Nine months ended September 30, 2023		Three months ended September 30, 2023		Nine months ended September 30, 2023

Loan modification

Term extension	—		1		11		18		32		32


Interest rate reduction and term extension	—		1		—		—		—		—
Total(a)	$	—	$	2	$	11	$	18	$	32	$	32

(a)Represents FDMs that were 30 days or more past due.

Additional unfunded commitments to borrowers experiencing financial difficulty whose Commercial and industrial loans have been modified as FDMs were $363 million and $1.5 billion for the three and nine months ended September 30, 2023, and additional unfunded commitments to borrowers experiencing financial difficulty whose Secured by real estate and Other loans have been modified as FDMs were $1 million for the three and nine months ended September 30, 2023.

Nature and extent of TDRs

Prior to January 1, 2023, certain loan modifications were considered TDRs.

For the three and nine months ended September 30, 2022, new TDRs were $108 million and $587 million, respectively.

New TDRs for the three and nine months ended September 30, 2022 reflected extended maturity dates and covenant waivers primarily in the Commercial and Industrial loan class. For the three and nine months ended September 30, 2022, the impact of these modifications were not material to the Firm.

As a result of the elimination of the requirement to assess whether a modification is reasonably expected or involves a concession, the population of loans considered FDMs is greater than the population previously considered TDRs.

Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments (Tables)

9 Months Ended

Sep. 30, 2023

Off-Balance Sheet Lending-Related Financial Instruments, Guarantees and Other Commitments [Abstract]

Off-balance sheet lending related financial instruments, guarantees and other commitments


Off–balance sheet lending-related financial instruments, guarantees and other commitments
	Contractual amount												Carrying value(i)
	September 30, 2023										Dec 31, 2022			Sep 30, 2023			Dec 31, 2022
By remaining maturity (in millions)	Expires in 1 year or less		Expires after 1 year through 3 years		Expires after 3 years through 5 years		Expires after 5 years		Total		Total
Lending-related
Consumer, excluding credit card:
Residential real estate(a)	$	8,355	$	6,091	$	5,940	$	12,224	$	32,610	$	21,287		$	785	(j)	$	75
Auto and other	12,829		257		—		2,617		15,703		12,231			189		(j)	—
Total consumer, excluding credit card	21,184		6,348		5,940		14,841		48,313		33,518			974			75
Credit card(b)	898,903		—		—		—		898,903		821,284			—			—
Total consumer(c)	920,087		6,348		5,940		14,841		947,216		854,802			974			75
Wholesale:
Other unfunded commitments to extend credit(d)	123,603		163,104		191,974		20,968		499,649		440,407			3,169		(h)(j)	2,328		(h)
Standby letters of credit and other financial guarantees(d)	14,411		9,058		3,743		1,071		28,283		27,439			438			408
Other letters of credit(d)	3,407		187		42		—		3,636		4,134			21			6
Total wholesale(c)	141,421		172,349		195,759		22,039		531,568		471,980			3,628			2,742
Total lending-related	$	1,061,508	$	178,697	$	201,699	$	36,880	$	1,478,784	$	1,326,782		$	4,602		$	2,817
Other guarantees and commitments
Securities lending indemnification agreements and guarantees(e)	$	293,539	$	—	$	—	$	—	$	293,539	$	283,386		$	—		$	—
Derivatives qualifying as guarantees	2,344		325		11,622		40,841		55,132		59,180			294			649
Unsettled resale and securities borrowed agreements	129,321		907		—		—		130,228		116,975			1			(2)
Unsettled repurchase and securities loaned agreements	80,018		530		—		—		80,548		66,407			—			(7)
Loan sale and securitization-related indemnifications:
Mortgage repurchase liability	NA		NA		NA		NA		NA		NA			76			76
Loans sold with recourse	NA		NA		NA		NA		803		820			28			28
Exchange & clearing house guarantees and commitments(f)	118,140		—		—		—		118,140		191,068			—			—
Other guarantees and commitments(g)	11,482		523		146		3,468		15,619		8,634			36			53

(a)Includes certain commitments to purchase loans from correspondents.

(b)Also includes commercial card lending-related commitments primarily in CB and CIB.

(c)Predominantly all consumer and wholesale lending-related commitments are in the U.S.

(h)As of September 30, 2023 and December 31, 2022 includes net markdowns on held-for-sale positions related to unfunded commitments in the bridge financing portfolio.

Standby letters of credit, other financial guarantees and other letters of credit


	September 30, 2023				December 31, 2022
(in millions)	Standby letters of credit and other financial guarantees		Other letters of credit		Standby letters of credit and other financial guarantees		Other letters of credit
Investment-grade(a)	$	19,276	$	2,712	$	19,205	$	3,040
Noninvestment-grade(a)	9,007		924		8,234		1,094
Total contractual amount	$	28,283	$	3,636	$	27,439	$	4,134

Allowance for lending-related commitments	$	94	$	21	$	82	$	6
Guarantee liability	344		—		326		—
Total carrying value	$	438	$	21	$	408	$	6
Commitments with collateral	$	16,216	$	563	$	15,296	$	795

(a)The ratings scale is based on the Firm’s internal risk ratings. Refer to Note 12 for further information on internal risk ratings.

Derivatives qualifying as guarantees

The following table summarizes the derivatives qualifying as guarantees as of September 30, 2023 and December 31, 2022.


(in millions)	September 30, 2023		December 31, 2022

Notional amounts
Derivative guarantees	$	55,132	$	59,180
Stable value contracts with contractually limited exposure	31,869		31,820
Maximum exposure of stable value contracts with contractually limited exposure	1,472		2,063

Fair value
Derivative payables	294		649

Business Combinations - Unaudited Pro Forma Information (Details) - First Republic - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Business Acquisition [Line Items]
Net income	$ 12,902	$ 10,354	$ 39,500	$ 29,533
Noninterest revenue
Business Acquisition [Line Items]
Revenue	16,820	15,655	51,480	51,857
Net interest income
Business Acquisition [Line Items]
Revenue	$ 22,726	$ 18,648	$ 66,808	$ 49,618

Goodwill and Mortgage Servicing Rights - Goodwill Changes During Period (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Mar. 31, 2023
Goodwill [Roll Forward]
Balance at beginning of period	$ 52,380,000,000	$ 50,697,000,000	$ 51,662,000,000	$ 50,315,000,000
Changes during the period from:
Business combinations	166,000,000	882,000,000	853,000,000	1,352,000,000
Other	(54,000,000)	(118,000,000)	(23,000,000)	(206,000,000)
Balance at end of period	$ 52,492,000,000	$ 51,461,000,000	52,492,000,000	51,461,000,000
Business Acquisition [Line Items]
Goodwill impairment			$ 0	$ 0
CIFM
Business Acquisition [Line Items]
Percentage interest acquired					51.00%

- Definition

+ References + Details

Pledged Assets and Collateral - Schedule of Pledged Assets (Details) - USD ($)
$ in Millions

Sep. 30, 2023

Dec. 31, 2022

Sep. 30, 2022

Pledged assets and Collateral

Pledged assets

$ 3,898,333

^[1]

$ 3,665,743

^[1]

$ 3,773,884

Assets that may be sold or repledged or otherwise used by secured parties

Pledged assets and Collateral

Pledged assets

151,000

110,800

Assets that may not be sold or repledged or otherwise used by secured parties

Pledged assets and Collateral

Pledged assets

244,200

114,800

Assets that may not be sold or repledged or otherwise used by secured parties | First Republic

Pledged assets and Collateral

Pledged assets

89,000

Asset pledged

Pledged assets and Collateral

Pledged assets

1,047,300

793,200

Assets pledged at Federal Reserve banks and FHLBs | Asset pledged

Pledged assets and Collateral

Pledged assets

$ 652,100

$ 567,600

[1]


(in millions)	September 30, 2023		December 31, 2022
Assets
Trading assets	$	1,780	$	2,151
Loans	38,176		34,411
All other assets	593		550
Total assets	$	40,549	$	37,112
Liabilities
Beneficial interests issued by consolidated VIEs	$	24,896	$	12,610
All other liabilities	244		279
Total liabilities	$	25,140	$	12,889

- Definition

+ References

+ Details

Loans - Wholesale Loan Portfolio, FDMs that Re-defaulted (Details) - Wholesale - 30 or more days past due - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Secured by real estate
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 0	$ 2
Secured by real estate \| Term extension
Financing Receivable, Modified [Line Items]
Amortized cost basis	0	1
Secured by real estate \| Term extension and interest rate reduction
Financing Receivable, Modified [Line Items]
Amortized cost basis	0	1
Commercial and industrial
Financing Receivable, Modified [Line Items]
Amortized cost basis	11	18
Commercial and industrial \| Term extension
Financing Receivable, Modified [Line Items]
Amortized cost basis	11	18
Commercial and industrial \| Term extension and interest rate reduction
Financing Receivable, Modified [Line Items]
Amortized cost basis	0	0
Other
Financing Receivable, Modified [Line Items]
Amortized cost basis	32	32
Other \| Term extension
Financing Receivable, Modified [Line Items]
Amortized cost basis	32	32
Other \| Term extension and interest rate reduction
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 0	$ 0

Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments - Standby Letters of Credit and Other Financial Guarantees (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Standby letters of credit and other financial guarantees and other letters of credit [Abstract]
Total lending-related commitments	$ 1,478,784	$ 1,326,782
Allowance for lending-related commitments	2,075	2,382	$ 2,551	$ 2,261
Total carrying value	4,602	2,817
Standby letters of credit and other financial guarantees
Standby letters of credit and other financial guarantees and other letters of credit [Abstract]
Investment-grade	19,276	19,205
Noninvestment-grade	9,007	8,234
Total lending-related commitments	28,283	27,439
Allowance for lending-related commitments	94	82
Guarantee liability	344	326
Total carrying value	438	408
Commitments with collateral	16,216	15,296
Other letters of credit
Standby letters of credit and other financial guarantees and other letters of credit [Abstract]
Investment-grade	2,712	3,040
Noninvestment-grade	924	1,094
Total lending-related commitments	3,636	4,134
Allowance for lending-related commitments	21	6
Guarantee liability	0	0
Total carrying value	21	6
Commitments with collateral	$ 563	$ 795

Loans - By Portfolio Segment (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022
Loan balances by portfolio segment:
Retained loans	$ 1,265,941	$ 1,089,598	$ 1,068,073
Held-for-sale	5,310	3,970
Loans at fair value	38,808	42,079
Total	1,310,059	1,135,647
Accrued interest receivables	6,500	5,200
Consumer, excluding credit card
Loan balances by portfolio segment:
Retained loans	397,054	300,753	301,403
Held-for-sale	438	618
Loans at fair value	11,277	10,004
Total	408,769	311,375
Consumer, excluding credit card \| First Republic
Loan balances by portfolio segment:
Retained loans	91,200
Loans at fair value	1,800
Credit card
Loan balances by portfolio segment:
Retained loans	196,935	185,175
Held-for-sale	0	0
Loans at fair value	0	0
Total	196,935	185,175
Wholesale
Loan balances by portfolio segment:
Retained loans	671,952	603,670	$ 596,208
Held-for-sale	4,872	3,352
Loans at fair value	27,531	32,075
Total	704,355	$ 639,097
Wholesale \| First Republic
Loan balances by portfolio segment:
Retained loans	$ 53,800

Pledged Assets and Collateral - Schedule of Collateral Received (Details) - USD ($) $ in Billions	Sep. 30, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Collateral permitted to be sold or repledged, delivered, or otherwise used	$ 1,327.1	$ 1,346.9
Collateral sold, repledged, delivered or otherwise used	$ 1,010.4	$ 1,019.4

Goodwill and Mortgage Servicing Rights - Mortgage Fees and Related Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Risk management:
Mortgage fees and related income	$ 414	$ 314	$ 913	$ 1,152
All other	(3)	1	(1)	6
Consumer & Community Banking
CCB mortgage fees and related income
Production revenue	162	93	339	454
Operating revenue:
Loan servicing revenue	409	400	1,211	1,203
Changes in MSR asset fair value due to collection/realization of expected cash flows	(265)	(234)	(760)	(702)
Total operating revenue	144	166	451	501
Risk management:
Changes in MSR asset fair value due to market interest rates and other	555	465	816	2,012
Other changes in MSR asset fair value due to other inputs and assumptions in model	41	39	44	105
Changes in derivative fair value and other	(485)	(450)	(736)	(1,926)
Total risk management	111	54	124	191
Total net mortgage servicing revenue	255	220	575	692
Mortgage fees and related income	$ 417	$ 313	$ 914	$ 1,146

Loans (Tables)

9 Months Ended

Sep. 30, 2023

Receivables [Abstract]

Loan portfolio segment descriptions

Consumer, excluding
credit card

Credit card

Wholesale(c)(d)

• Residential real estate(a)

• Auto and other(b)

• Credit card loans

• Secured by real estate

• Commercial and industrial

• Other(e)

(a)Includes scored mortgage and home equity loans held in CCB and AWM, and scored mortgage loans held in CIB.

(b)Includes scored auto, business banking loans and overdrafts in BWM and other consumer unsecured loans in CIB.

(d)The wholesale portfolio segment's classes align with loan classifications as defined by the bank regulatory agencies, based on the loan's collateral, purpose, and type of borrower.

Schedule of loans by portfolio segment

The following tables summarize the Firm’s loan balances by portfolio segment.


September 30, 2023	Consumer, excluding credit card			Credit card		Wholesale			Total(b)(c)
(in millions)
Retained	$	397,054	(a)	$	196,935	$	671,952	(a)	$	1,265,941
Held-for-sale	438			—		4,872			5,310
At fair value	11,277		(a)	—		27,531			38,808
Total	$	408,769		$	196,935	$	704,355		$	1,310,059

December 31, 2022	Consumer, excluding credit card			Credit card		Wholesale			Total(b)(c)
(in millions)
Retained	$	300,753		$	185,175	$	603,670		$	1,089,598
Held-for-sale	618			—		3,352			3,970
At fair value	10,004			—		32,075			42,079
Total	$	311,375		$	185,175	$	639,097		$	1,135,647

The following table provides information about retained consumer loans, excluding credit card, by class.


(in millions)	September 30, 2023			December 31, 2022
Residential real estate	$	327,635	(a)	$	237,561
Auto and other	69,419			63,192
Total retained loans	$	397,054		$	300,753

(a)Included $91.2 billion of loans associated with First Republic.

Schedule of retained loans purchased, sold and reclassified to held-for-sale


	2023										2022
Three months ended September 30, (in millions)	Consumer, excluding credit card			Credit card		Wholesale			Total		Consumer, excluding credit card			Credit card		Wholesale		Total
Purchases	$	62	(b)(c)	$	—	$	539		$	601	$	447	(b)(c)	$	—	$	462	$	909
Sales	1,318			—		13,076			14,394		2,755			—		11,226		13,981
Retained loans reclassified to held-for-sale(a)	33			—		194			227		47			—		343		390

	2023										2022
Nine months ended September 30, (in millions)	Consumer, excluding credit card			Credit card		Wholesale			Total		Consumer, excluding credit card			Credit card		Wholesale		Total
Purchases	$	92,143	(b)(c)(d)	$	—	$	59,100	(d)	$	151,243	$	1,539	(b)(c)	$	—	$	856	$	2,395
Sales	1,756			—		31,956			33,712		2,884			—		32,938		35,822
Retained loans reclassified to held-for-sale(a)	157			—		1,279			1,436		189			—		1,031		1,220

(a)Reclassifications of loans to held-for-sale are non-cash transactions.

(d)Includes loans acquired in the First Republic acquisition consisting of $91.9 billion in Consumer, excluding credit card and $58.4 billion in Wholesale.

Schedule of financing receivable credit quality indicators

The following tables provide information on delinquency and gross charge-offs for the nine months ended September 30, 2023.


(in millions, except ratios)	September 30, 2023
	Term loans by origination year(f)																		Revolving loans						Total
	2023			2022			2021			2020			2019			Prior to 2019			Within the revolving period			Converted to term loans
Loan delinquency(a)(b)
Current(c)	$	19,478		$	64,947		$	85,516		$	56,324		$	21,854		$	61,742		$	7,453		$	8,489		$	325,803
30–149 days past due	2			31			28			34			27			759			47			220			1,148
150 or more days past due	1			7			13			1			25			466			3			168			684
Total retained loans	$	19,481		$	64,985		$	85,557		$	56,359		$	21,906		$	62,967		$	7,503		$	8,877		$	327,635
% of 30+ days past due to total retained loans(d)(e)	0.02		%	0.06		%	0.05		%	0.06		%	0.24		%	1.92		%	0.67		%	4.37		%	0.55		%
Gross charge-offs	$	—		$	—		$	—		$	—		$	1		$	101		$	20		$	7		$	129


(in millions, except ratios)	December 31, 2022
	Term loans by origination year(f)																		Revolving loans						Total
	2022			2021			2020			2019			2018			Prior to 2018			Within the revolving period			Converted to term loans
Loan delinquency(a)(b)
Current	$	39,934		$	66,072		$	43,315		$	15,397		$	6,339		$	49,632		$	5,589		$	9,685		$	235,963
30–149 days past due	29			11			14			20			20			597			15			208			914
150 or more days past due	1			1			6			10			7			480			4			175			684
Total retained loans	$	39,964		$	66,084		$	43,335		$	15,427		$	6,366		$	50,709		$	5,608		$	10,068		$	237,561
% of 30+ days past due to total retained loans(d)	0.08		%	0.02		%	0.05		%	0.19		%	0.42		%	2.07		%	0.34		%	3.80		%	0.66		%

(a)Individual delinquency classifications include mortgage loans insured by U.S. government agencies which were not material at September 30, 2023 and December 31, 2022

(e)Included $165 million of 30+ days past due loans associated with First Republic.

(f)Purchased loans are included in the year in which they were originated.

The following table provides information on nonaccrual and other credit quality indicators for retained residential real estate loans.


(in millions, except weighted-average data)	September 30, 2023				December 31, 2022
Nonaccrual loans(a)(b)(c)(d)(e)	$	3,604			$	3,745

Current estimated LTV ratios(f)(g)(h)
Greater than 125% and refreshed FICO scores:
Equal to or greater than 660	$	169			$	2
Less than 660	4				—
101% to 125% and refreshed FICO scores:
Equal to or greater than 660	330				174
Less than 660	8				6
80% to 100% and refreshed FICO scores:
Equal to or greater than 660	10,813			(l)	12,034
Less than 660	197				184
Less than 80% and refreshed FICO scores:
Equal to or greater than 660	305,108			(l)	215,096
Less than 660	10,083			(l)	8,659
No FICO/LTV available	923				1,406			(k)
Total retained loans	$	327,635		(m)	$	237,561

Weighted average LTV ratio(f)(i)	50		%		51		%
Weighted average FICO(g)(i)	772				769

Geographic region(j)(k)
California	$	127,702		(n)	$	73,112
New York	49,126			(n)	34,471
Florida	22,671			(n)	18,870
Texas	15,517				14,968
Massachusetts	14,292			(n)	6,380
Illinois	10,990				11,296
Colorado	10,800				9,968
Washington	9,874				9,060
New Jersey	8,101				7,108
Connecticut	7,155				5,432
All other	51,407				46,896
Total retained loans	$	327,635			$	237,561

(b)Mortgage loans insured by U.S. government agencies excluded from nonaccrual loans were not material at September 30, 2023 and December 31, 2022.

(e)Generally excludes loans under payment deferral programs offered in response to the COVID-19 pandemic.

(g)Refreshed FICO scores represent each borrower’s most recent credit score, which is obtained by the Firm on at least a quarterly basis.

(i)Excludes loans with no FICO and/or LTV data available.

(j)The geographic regions presented in the table are ordered based on the magnitude of the corresponding loan balances at September 30, 2023.

(k)Prior-period amounts have been revised to conform with the current presentation.

(m)Included $91.2 billion of loans associated with First Republic.

(n)Included $55.2 billion, $15.0 billion, $3.6 billion and $7.9 billion in California, New York, Florida and Massachusetts, respectively, associated with First Republic.

The following tables provide information on delinquency and gross charge-offs for the nine months ended September 30, 2023.


	September 30, 2023
(in millions, except ratios)	Term loans by origination year																		Revolving loans
	2023			2022			2021			2020			2019			Prior to 2019			Within the revolving period			Converted to term loans			Total
Loan delinquency
Current	$	24,269		$	16,365		$	14,484		$	7,621		$	2,242		$	723		$	2,712		$	110		$	68,526
30–119 days past due	200			249			219			76			44			20			14			20			842
120 or more days past due	—			—			21			13			—			1			2			14			51
Total retained loans	$	24,469		$	16,614		$	14,724		$	7,710		$	2,286		$	744		$	2,728		$	144		$	69,419
% of 30+ days past due to total retained loans(a)	0.82		%	1.50		%	1.47		%	0.97		%	1.92		%	2.82		%	0.59		%	23.61		%	1.23		%
Gross charge-offs	$	211		$	233		$	121		$	42		$	25		$	46		$	—		$	2		$	680


	December 31, 2022
(in millions, except ratios)	Term loans by origination year																		Revolving loans
	2022			2021			2020			2019			2018			Prior to 2018			Within the revolving period			Converted to term loans			Total
Loan delinquency
Current	$	22,187		$	20,212		$	11,401		$	3,991		$	1,467		$	578		$	2,342		$	118		$	62,296
30–119 days past due	263			308			100			68			33			17			12			10			811
120 or more days past due	—			53			24			—			—			1			2			5			85
Total retained loans	$	22,450		$	20,573		$	11,525		$	4,059		$	1,500		$	596		$	2,356		$	133		$	63,192
% of 30+ days past due to total retained loans(a)	1.17		%	1.15		%	0.83		%	1.68		%	2.20		%	3.02		%	0.59		%	11.28		%	1.18		%

The following table provides information on nonaccrual and other credit quality indicators for retained auto and other consumer loans.


(in millions)	Total Auto and other
	September 30, 2023		December 31, 2022
Nonaccrual loans(a)(b)(c)	$	162	$	129

Geographic region(d)
California	$	10,580	$	9,689
Texas	8,280		7,216
Florida	5,500		4,847
New York	4,750		4,345
Illinois	3,095		2,839
New Jersey	2,530		2,219
Georgia	1,892		1,708
Pennsylvania	1,887		1,822
Arizona	1,747		1,551
North Carolina	1,677		1,481
All other	27,481		25,475
Total retained loans	$	69,419	$	63,192

(c)Interest income on nonaccrual loans recognized on a cash basis was not material for the three and nine months ended September 30, 2023 and 2022.

(d)The geographic regions presented in this table are ordered based on the magnitude of the corresponding loan balances at September 30, 2023.

The following tables provide information on delinquency and gross charge-offs for the nine months ended September 30, 2023.


(in millions, except ratios)	September 30, 2023
	Within the revolving period			Converted to term loans			Total
Loan delinquency
Current and less than 30 days past due and still accruing	$	192,295		$	814		$	193,109
30–89 days past due and still accruing	1,901			76			1,977
90 or more days past due and still accruing	1,810			39			1,849
Total retained loans	$	196,006		$	929		$	196,935
Loan delinquency ratios
% of 30+ days past due to total retained loans	1.89		%	12.38		%	1.94		%
% of 90+ days past due to total retained loans	0.92			4.20			0.94
Gross charge-offs	$	3,737		$	115		$	3,852


(in millions, except ratios)	December 31, 2022
	Within the revolving period			Converted to term loans			Total
Loan delinquency
Current and less than 30 days past due and still accruing	$	181,793		$	696		$	182,489
30–89 days past due and still accruing	1,356			64			1,420
90 or more days past due and still accruing	1,230			36			1,266
Total retained loans	$	184,379		$	796		$	185,175
Loan delinquency ratios
% of 30+ days past due to total retained loans	1.40		%	12.56		%	1.45		%
% of 90+ days past due to total retained loans	0.67			4.52			0.68

The following table provides information on other credit quality indicators for retained credit card loans.


(in millions, except ratios)	September 30, 2023			December 31, 2022
Geographic region(a)
California	$	30,227		$	28,154
Texas	20,654			19,171
New York	15,996			15,046
Florida	13,957			12,905
Illinois	10,721			10,089
New Jersey	8,148			7,643
Colorado	5,989			5,493
Ohio	5,987			5,792
Pennsylvania	5,653			5,517
Arizona	4,828			4,487
All other	74,775			70,878
Total retained loans	$	196,935		$	185,175
Percentage of portfolio based on carrying value with estimated refreshed FICO scores
Equal to or greater than 660	85.8		%	86.8		%
Less than 660	14.0			13.0
No FICO available	0.2			0.2

(a)The geographic regions presented in the table are ordered based on the magnitude of the corresponding loan balances at September 30, 2023.


	Secured by real estate						Commercial and industrial						Other(b)							Total retained loans
(in millions, except ratios)	Sep 30, 2023			Dec 31, 2022			Sep 30, 2023			Dec 31, 2022				Sep 30, 2023			Dec 31, 2022				Sep 30, 2023			Dec 31, 2022
Loans by risk ratings
Investment-grade	$	124,446		$	99,552		$	71,287		$	76,275			$	267,978		$	249,585			$	463,711		$	425,412
Noninvestment-grade:
Noncriticized	31,870			23,272			81,984			81,393				73,786			57,888				187,640			162,553
Criticized performing	5,071			3,662			11,586			8,974				1,037			1,106				17,694			13,742
Criticized nonaccrual	490			246			1,320			1,018				1,097			699				2,907			1,963
Total noninvestment-grade	37,431			27,180			94,890			91,385				75,920			59,693				208,241			178,258
Total retained loans(a)	$	161,877		$	126,732		$	166,177		$	167,660			$	343,898		$	309,278			$	671,952		$	603,670
% of investment-grade to total retained loans	76.88		%	78.55		%	42.90		%	45.49		%		77.92		%	80.70		%		69.01		%	70.47		%
% of total criticized to total retained loans	3.44			3.08			7.77			5.96				0.62			0.58				3.07			2.60
% of criticized nonaccrual to total retained loans	0.30			0.19			0.79			0.61				0.32			0.23				0.43			0.33

(a)As of September 30, 2023 included $33.9 billion of Secured by real estate loans, $2.9 billion of Commercial and industrial loans, and $17.0 billion of Other loans associated with First Republic.


	Secured by real estate
(in millions)	September 30, 2023
	Term loans by origination year												Revolving loans
	2023		2022		2021		2020		2019		Prior to 2019		Within the revolving period		Converted to term loans		Total
Loans by risk ratings
Investment-grade	$	8,379	$	30,591	$	26,874	$	17,585	$	16,523	$	23,111	$	1,383	$	—	$	124,446
Noninvestment-grade	3,653		10,811		7,147		3,508		3,609		7,607		1,095		1		37,431
Total retained loans(a)	$	12,032	$	41,402	$	34,021	$	21,093	$	20,132	$	30,718	$	2,478	$	1	$	161,877
Gross charge-offs	$	—	$	35	$	22	$	—	$	17	$	63	$	—	$	1	$	138


	Secured by real estate
(in millions)	December 31, 2022
	Term loans by origination year												Revolving loans
	2022		2021		2020		2019		2018		Prior to 2018		Within the revolving period		Converted to term loans		Total
Loans by risk ratings
Investment-grade	$	24,134	$	22,407	$	14,773	$	14,666	$	5,277	$	17,289	$	1,006	$	—	$	99,552
Noninvestment-grade	6,072		5,602		3,032		3,498		2,395		5,659		920		2		27,180
Total retained loans	$	30,206	$	28,009	$	17,805	$	18,164	$	7,672	$	22,948	$	1,926	$	2	$	126,732


	Commercial and industrial
(in millions)	September 30, 2023
	Term loans by origination year												Revolving loans
	2023		2022		2021		2020		2019		Prior to 2019		Within the revolving period		Converted to term loans		Total
Loans by risk ratings
Investment-grade	$	12,399	$	11,455	$	4,659	$	2,378	$	1,264	$	1,074	$	38,057	$	1	$	71,287
Noninvestment-grade	13,327		17,731		10,654		2,540		1,478		1,395		47,680		85		94,890
Total retained loans(a)	$	25,726	$	29,186	$	15,313	$	4,918	$	2,742	$	2,469	$	85,737	$	86	$	166,177
Gross charge-offs	$	1	$	7	$	23	$	1	$	2	$	8	$	220	$	7	$	269


	Commercial and industrial
(in millions)	December 31, 2022
	Term loans by origination year												Revolving loans
	2022		2021		2020		2019		2018		Prior to 2018		Within the revolving period		Converted to term loans		Total
Loans by risk ratings
Investment-grade	$	21,072	$	8,338	$	3,045	$	1,995	$	748	$	989	$	40,087	$	1	$	76,275
Noninvestment-grade	24,088		12,444		3,459		2,506		525		1,014		47,267		82		91,385
Total retained loans	$	45,160	$	20,782	$	6,504	$	4,501	$	1,273	$	2,003	$	87,354	$	83	$	167,660


	Other(a)
(in millions)	September 30, 2023
	Term loans by origination year												Revolving loans
	2023		2022		2021		2020		2019		Prior to 2019		Within the revolving period		Converted to term loans		Total
Loans by risk ratings
Investment-grade	$	33,905	$	19,379	$	10,824	$	10,701	$	3,751	$	7,143	$	180,152	$	2,123	$	267,978
Noninvestment-grade	9,380		11,697		6,480		2,406		651		2,174		43,049		83		75,920
Total retained loans(b)	$	43,285	$	31,076	$	17,304	$	13,107	$	4,402	$	9,317	$	223,201	$	2,206	$	343,898
Gross charge-offs	$	1	$	8	$	9	$	6	$	—	$	1	$	3	$	—	$	28


	Other(a)
(in millions)	December 31, 2022
	Term loans by origination year												Revolving loans
	2022		2021		2020		2019		2018		Prior to 2018		Within the revolving period		Converted to term loans		Total
Loans by risk ratings
Investment-grade	$	32,121	$	15,864	$	13,015	$	4,529	$	2,159	$	7,251	$	171,049	$	3,597	$	249,585
Noninvestment-grade	16,829		7,096		1,821		699		451		475		32,240		82		59,693
Total retained loans	$	48,950	$	22,960	$	14,836	$	5,228	$	2,610	$	7,726	$	203,289	$	3,679	$	309,278


(in millions, except ratios)	Multifamily						Other commercial						Total retained loans secured by real estate
	Sep 30, 2023			Dec 31, 2022			Sep 30, 2023			Dec 31, 2022			Sep 30, 2023				Dec 31, 2022
Retained loans secured by real estate	$	100,839		$	79,139		$	61,038		$	47,593		$	161,877		(a)	$	126,732
Criticized	2,329			1,916			3,232			1,992			5,561				3,908
% of criticized to total retained loans secured by real estate	2.31		%	2.42		%	5.30		%	4.19		%	3.44		%		3.08		%
Criticized nonaccrual	$	51		$	51		$	439		$	195		$	490			$	246
% of criticized nonaccrual loans to total retained loans secured by real estate	0.05		%	0.06		%	0.72		%	0.41		%	0.30		%		0.19		%

(a) Included $20.7 billion and $13.1 billion of Multifamily and Other commercial loans, respectively, associated with First Republic.

Geographic distribution and delinquency

The following table provides information on the geographic distribution and delinquency for retained wholesale loans.


	Secured by real estate				Commercial and industrial				Other				Total retained loans
(in millions)	Sep 30, 2023		Dec 31, 2022		Sep 30, 2023		Dec 31, 2022		Sep 30, 2023		Dec 31, 2022		Sep 30, 2023		Dec 31, 2022
Loans by geographic distribution(a)(b)
Total U.S.	$	159,200	$	123,740	$	125,997	$	125,324	$	264,656	$	230,525	$	549,853	$	479,589
Total non-U.S.	2,677		2,992		40,180		42,336		79,242		78,753		122,099		124,081
Total retained loans	$	161,877	$	126,732	$	166,177	$	167,660	$	343,898	$	309,278	$	671,952	$	603,670
Loan delinquency
Current and less than 30 days past due and still accruing	$	160,861	$	126,083	$	164,179	$	165,415	$	341,810	$	307,511	$	666,850	$	599,009
30–89 days past due and still accruing	507		402		598		1,127		949		1,015		2,054		2,544
90 or more days past due and still accruing(c)	19		1		80		100		42		53		141		154
Criticized nonaccrual	490		246		1,320		1,018		1,097		699		2,907		1,963
Total retained loans	$	161,877	$	126,732	$	166,177	$	167,660	$	343,898	$	309,278	$	671,952	$	603,670

(a)The U.S. and non-U.S. distribution is determined based predominantly on the domicile of the borrower.

(b)Borrowers associated with First Republic are predominantly domiciled in the U.S.

(c)Represents loans that are considered well-collateralized and therefore still accruing interest.

Nature and extent of TDR loan modifications

The following table provides information about how residential real estate loans were modified in TDRs during the period presented.


	Three months ended September 30,		Nine months ended September 30,
	2022		2022
Number of loans approved for a trial modification	820		3,258
Number of loans permanently modified	784		3,615
Concession granted:(a)
Interest rate reduction	47	%	54	%
Term or payment extension	61		65
Principal and/or interest deferred	9		11
Principal forgiveness	—		1
Other(b)	46		38

(b)Includes variable interest rate to fixed interest rate modifications and payment delays that meet the definition of a TDR.

Financial effects of TDRs and redefaults


(in millions, except weighted-average data)	Three months ended September 30,			Nine months ended September 30,
	2022			2022
Weighted-average interest rate of loans with interest rate reductions – before TDR	5.39		%	4.65		%
Weighted-average interest rate of loans with interest rate reductions – after TDR	3.52			3.34
Weighted-average remaining contractual term (in years) of loans with term or payment extensions – before TDR	20			22
Weighted-average remaining contractual term (in years) of loans with term or payment extensions – after TDR	37			38
Charge-offs recognized upon permanent modification	$	—		$	1
Principal deferred	4			15
Principal forgiven	—			1
Balance of loans that redefaulted within one year of permanent modification(a)	$	33		$	103


(in millions, except weighted-average data)	Three months ended September 30,			Nine months ended September 30,
	2022			2022
Balance of new TDRs(a)	$	111		$	274
Weighted-average interest rate of loans – before TDR	20.26		%	19.19		%
Weighted-average interest rate of loans – after TDR	3.81			4.37
Balance of loans that redefaulted within one year of modification(b)	$	9		$	26

(a)Represents the outstanding balance prior to modification.

Schedule of loan modifications

The following tables provide information on credit card loan modifications considered FDMs.


Three months ended September 30, 2023 (in millions)	Amortized cost basis		% of loan modifications to total retained credit card loans		Financial effect of loan modification

Loan modification
Term extension and interest rate reduction(a)(b)	$	197	0.10	%	Term extension with a reduction in the weighted average contractual interest rate from 23.48% to 3.67%
Total	$	197


Nine months ended September 30, 2023 (in millions)	Amortized cost basis		% of loan modifications to total retained credit card loans		Financial effect of loan modification

Loan modification
Term extension and interest rate reduction(a)(b)	$	489	0.25	%	Term extension with a reduction in the weighted average contractual interest rate from 23.15% to 3.58%
Total	$	489

(a)Term extension includes credit card loans whose terms have been modified under long-term programs by placing the customer on a fixed payment plan.

(b)The interest rates represent weighted average at enrollment.

The following table provides information on the payment status of FDMs during the three and nine months ended September 30, 2023.


(in millions)	Amortized cost basis
	Three months ended September 30,		Nine months ended September 30,
	2023		2023
Current and less than 30 days past due and still accruing	$	143	$	414
30-89 days past due and still accruing	33		47
90 or more days past due and still accruing	21		28
Total	$	197	$	489

The following tables provide information about Secured by real estate, Commercial and industrial and Other loan modifications considered FDMs.


(in millions)	Secured by real estate
	Three months ended September 30, 2023					Nine months ended September 30, 2023
	Amortized cost basis		% of loan modifications to total retained Commercial and industrial loans		Financial effect of loan modification	Amortized cost basis		% of loan modifications to total retained Commercial and industrial loans		Financial effect of loan modification
Loan modification
Single modifications
Interest rate reduction	$	—	—	%		$	5	—	%	Reduced weighted-average contractual interest by 350 bps
Term extension	60		0.04	%	Extended loans by a weighted-average of 14 months	112		0.07	%	Extended loans by a weighted-average of 13 months

Other-than-insignificant payment delay	—		—	%		2		—	%	Provided payment deferrals with delayed amounts primarily re-amortized over the remaining tenor
Multiple modifications
Interest rate reduction and term extension	$	—	—	%		$	1	—	%	Reduced weighted-average contractual interest by (271) bps and extended loans by a weighted-average of 9 months
Other-than-insignificant payment delay and interest rate reduction	$	—	—	%		$	5	—	%	Provided payment deferrals with delayed amounts primarily recaptured at maturity and reduced weighted-average contractual interest by 184 bps
Total	$	60				$	125


(in millions)	Commercial and industrial
	Three months ended September 30, 2023					Nine months ended September 30, 2023
	Amortized cost basis		% of loan modifications to total retained Commercial and industrial loans		Financial effect of loan modification	Amortized cost basis		% of loan modifications to total retained Commercial and industrial loans		Financial effect of loan modification
Loan modification
Single modifications

Term extension	$	372	0.22	%	Extended loans by a weighted-average of 21 months	$	669	0.40	%	Extended loans by a weighted-average of 19 months

Other-than-insignificant payment delay	309		0.19	%	Provided payment deferrals with delayed amounts primarily re-amortized over the remaining tenor	310		0.19	%	Provided payment deferrals with delayed amounts primarily re-amortized over the remaining tenor
Multiple modifications
Other-than-insignificant payment delay and term extension	$	32	0.02	%	Provided payment deferrals with delayed amounts primarily recaptured at maturity and extended loans by a weighted-average of 6 months	$	32	0.02	%	Provided payment deferrals with delayed amounts primarily recaptured at maturity and extended loans by a weighted-average of 6 months
Other-than-insignificant payment delay and interest rate reduction and term extension	2		—	%	Provided payment deferrals with delayed amounts primarily recaptured through re-amortization over the remaining tenor and reduced weighted-average contractual interest by 75 bps and extended loans by a weighted-average of 31 months	2		—	%	Provided payment deferrals with delayed amounts primarily recaptured through re-amortization over the remaining tenor and reduced weighted-average contractual interest by 75 bps and extended loans by a weighted-average of 31 months
Term extension and principal forgiveness	—		—	%		14		0.01	%	Extended loans by a weighted-average of 73 months and reduced amortized cost basis of the loans by $23 mm
Interest rate reduction and term extension	—		—	%		1		—	%	Reduced weighted-average contractual interest by (136) bps and extended loans by a weighted-average of 18 months
	$	715				$	1,028


(in millions)	Other
	Three months ended September 30, 2023					Nine months ended September 30, 2023
	Amortized cost basis		% of loan modifications to total retained Other loans		Financial effect of loan modification	Amortized cost basis		% of loan modifications to total retained Other loans		Financial effect of loan modification
Loan modification
Single modifications
Interest rate reduction	$	—	—	%		$	9	—	%	Reduced weighted-average contractual interest by 654 bps
Term extension	100		0.03	%	Extended loans by a weighted-average of 27 months	100		0.03	%	Extended loans by a weighted-average of 30 months


Multiple modifications
Interest rate reduction and term extension	$	495	0.14	%	Reduced weighted-average contractual interest by 1,708 bps and extended loans by a weighted-average of 7 months	$	495	0.14	%	Reduced weighted-average contractual interest by 1,708 bps and extended loans by a weighted-average of 7 months
Other-than-insignificant payment delay and term extension	—		—	%		233		0.07	%	Provided payment deferrals with delayed amounts primarily recaptured at the end of the deferral period and extended loans by a weighted-average of 144 months
Total	$	595				$	837

Payment status of FDMs and redefaults

The following table provides information on the payment status of Secured by real estate, Commercial and industrial and Other FDMs during the three and nine months ended September 30, 2023.


	Amortized cost basis
	Secured by real estate				Commercial and industrial				Other
(in millions)	Three months ended September 30, 2023		Nine months ended September 30, 2023		Three months ended September 30, 2023		Nine months ended September 30, 2023		Three months ended September 30, 2023		Nine months ended September 30, 2023
Current and less than 30 days past due and still accruing	$	60	$	117	$	504	$	703	$	16	$	248
30-89 days past due and still accruing	—		—		—		—		28		28
90 or more days past due and still accruing	—		—		10		10		—		—
Criticized nonaccrual	—		8		201		315		551		561
Total	$	60	$	125	$	715	$	1,028	$	595	$	837

Schedule of nonaccrual loans

The following table provides information on retained wholesale nonaccrual loans.


(in millions)	Secured by real estate				Commercial and industrial				Other				Total retained loans
	Sep 30, 2023		Dec 31, 2022		Sep 30, 2023		Dec 31, 2022		Sep 30, 2023		Dec 31, 2022		Sep 30, 2023		Dec 31, 2022
Nonaccrual loans
With an allowance	$	106	$	172	$	885	$	686	$	873	$	487	$	1,864	$	1,345
Without an allowance(a)	384		74		435		332		224		212		1,043		618
Total nonaccrual loans(b)	$	490	$	246	$	1,320	$	1,018	$	1,097	$	699	$	2,907	$	1,963

(b)Interest income on nonaccrual loans recognized on a cash basis was not material for the three and nine months ended September 30, 2023 and 2022.

Subsequent default of loan modifications

The following table provides information on Secured by real estate, Commercial and industrial and Other FDMs that re-defaulted during the three and nine months ended September 30, 2023.


(in millions)	Amortized cost basis
	Secured by real estate				Commercial and industrial				Other
	Three months ended September 30, 2023		Nine months ended September 30, 2023		Three months ended September 30, 2023		Nine months ended September 30, 2023		Three months ended September 30, 2023		Nine months ended September 30, 2023

Loan modification

Term extension	—		1		11		18		32		32


Interest rate reduction and term extension	—		1		—		—		—		—
Total(a)	$	—	$	2	$	11	$	18	$	32	$	32

(a)Represents FDMs that were 30 days or more past due.

Variable Interest Entities

9 Months Ended

Sep. 30, 2023

Variable Interest Entities [Abstract]

Variable Interest Entities

Variable interest entities

Refer to Note 1 and Note 14 of JPMorgan Chase’s 2022 Form 10-K for a further description of the Firm's accounting policies and involvement with VIEs.

The following table summarizes the most significant types of Firm-sponsored VIEs by business segment. The Firm considers a “Firm-sponsored” VIE to include any entity where: (1) JPMorgan Chase is the primary beneficiary of the structure; (2) the VIE is used by JPMorgan Chase to securitize Firm assets; (3) the VIE issues financial instruments with the JPMorgan Chase name; or (4) the entity is a JPMorgan Chase–administered asset-backed commercial paper conduit.


Line of Business	Transaction Type	Activity	Form 10-Q page references
CCB	Credit card securitization trusts	Securitization of originated credit card receivables	165
	Mortgage securitization trusts	Servicing and securitization of both originated and purchased residential mortgages	165–167
CIB	Mortgage and other securitization trusts	Securitization of both originated and purchased residential and commercial mortgages, and other consumer loans	165–167
	Multi-seller conduits	Assisting clients in accessing the financial markets in a cost-efficient manner and structuring transactions to meet investor needs	167
	Municipal bond vehicles	Financing of municipal bond investments	167

The Firm also invests in and provides financing and other services to VIEs sponsored by third parties. Refer to pages 168–169 of this Note for more information on consolidated VIE assets and liabilities as well as the VIEs sponsored by third parties.

Significant Firm-sponsored VIEs

Credit card securitizations

As a result of the Firm’s continuing involvement, the Firm is considered to be the primary beneficiary of its Firm-sponsored credit card securitization trust, the Chase Issuance Trust.

Firm-sponsored mortgage and other securitization trusts

The Firm securitizes (or has securitized) originated and purchased residential mortgages, commercial mortgages and other consumer loans primarily in its CCB and CIB businesses. Depending on the particular transaction, as well as the respective business involved, the Firm may act as the servicer of the loans and/or retain certain beneficial interests in the securitization trusts.

The following tables present the total unpaid principal amount of assets held in Firm-sponsored private-label securitization entities, including those in which the Firm has continuing involvement, and those that are consolidated by the Firm. Continuing involvement includes servicing the loans, holding senior interests or subordinated interests (including amounts required to be held pursuant to credit

risk retention rules), recourse or guarantee arrangements, and derivative contracts. In certain instances, the Firm’s only continuing involvement is servicing the loans. The Firm’s maximum loss exposure from retained and purchased interests is the carrying value of these interests.


	Principal amount outstanding						JPMorgan Chase interest in securitized assets in nonconsolidated VIEs(c)(d)(e)
September 30, 2023 (in millions)	Total assets held by securitization VIEs		Assets held in consolidated securitization VIEs		Assets held in nonconsolidated securitization VIEs with continuing involvement		Trading assets		Investment securities		Other financial assets		Total interests held by JPMorgan Chase
Securitization-related(a)
Residential mortgage:
Prime/Alt-A and option ARMs	$	58,068	$	694	$	38,600	$	579	$	2,002	$	41	$	2,622
Subprime	9,089		—		1,290		3		—		—		3
Commercial and other(b)	167,402		80		129,838		899		5,634		1,368		7,901
Total	$	234,559	$	774	$	169,728	$	1,481	$	7,636	$	1,409	$	10,526


	Principal amount outstanding						JPMorgan Chase interest in securitized assets in nonconsolidated VIEs(c)(d)(e)
December 31, 2022 (in millions)	Total assets held by securitization VIEs		Assets held in consolidated securitization VIEs		Assets held in nonconsolidated securitization VIEs with continuing involvement		Trading assets		Investment securities		Other financial assets		Total interests held by JPMorgan Chase
Securitization-related(a)
Residential mortgage:
Prime/Alt-A and option ARMs	$	55,362	$	754	$	37,058	$	744	$	1,918	$	—	$	2,662
Subprime	9,709		—		1,743		10		—		—		10
Commercial and other(b)	164,915		—		127,037		888		5,373		670		6,931
Total	$	229,986	$	754	$	165,838	$	1,642	$	7,291	$	670	$	9,603

(a)Excludes U.S. GSEs and government agency securitizations and re-securitizations, which are not Firm-sponsored.

(b)Consists of securities backed by commercial real estate loans and non-mortgage-related consumer receivables.

(c)Excludes the following: retained servicing; securities retained from loan sales and securitization activity related to U.S. GSEs and government agencies; interest rate and foreign exchange derivatives primarily used to manage interest rate and foreign exchange risks of securitization entities; senior securities of $140 million and $134 million at September 30, 2023 and December 31, 2022, respectively, and subordinated securities which were $115 million and $34 million at September 30, 2023 and December 31, 2022, respectively, which the Firm purchased in connection with CIB’s secondary market-making activities.

(d)Includes interests held in re-securitization transactions.

(e)As of September 30, 2023 and December 31, 2022, 78% and 84%, respectively, of the Firm’s retained securitization interests, which are predominantly carried at fair value and include amounts required to be held pursuant to credit risk retention rules, were risk-rated “A” or better, on an S&P-equivalent basis. The retained interests in prime residential mortgages consisted of $2.6 billion of investment-grade retained interests at both September 30, 2023 and December 31, 2022, and $66 million and $27 million of noninvestment-grade retained interests at September 30, 2023 and December 31, 2022, respectively. The retained interests in commercial and other securitization trusts consisted of $6.2 billion and $5.8 billion of investment-grade retained interests at September 30, 2023 and December 31, 2022, respectively, and $1.7 billion and $1.1 billion of noninvestment-grade retained interests at September 30, 2023 and December 31, 2022, respectively.

Residential mortgage

The Firm securitizes residential mortgage loans originated by CCB, as well as residential mortgage loans purchased from third parties by either CCB or CIB.

Commercial mortgages and other consumer securitizations

CIB originates and securitizes commercial mortgage loans, and engages in underwriting and trading activities involving the securities issued by securitization trusts.

Re-securitizations

The following table presents the principal amount of securities transferred to re-securitization VIEs.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Transfers of securities to VIEs
U.S. GSEs and government agencies	$	4,521	$	1,417	$	14,188	$	14,866

The Firm did not transfer any private label securities to re-securitization VIEs during the three and nine months ended September 30, 2023 and 2022, respectively and retained interests in any such Firm-sponsored VIEs as of September 30, 2023 and December 31, 2022 were not material.

The following table presents information on the Firm's interests in nonconsolidated re-securitization VIEs.


	Nonconsolidated re-securitization VIEs
(in millions)	September 30, 2023		December 31, 2022
U.S. GSEs and government agencies
Interest in VIEs	$	3,287	$	2,580

As of September 30, 2023 and December 31, 2022, the Firm did not consolidate any U.S. GSE and government agency re-securitization VIEs or any Firm-sponsored private-label re-securitization VIEs.

Multi-seller conduits

In the normal course of business, JPMorgan Chase makes markets in and invests in commercial paper issued by the Firm-administered multi-seller conduits. The Firm held $8.7 billion and $13.8 billion of the commercial paper issued by the Firm-administered multi-seller conduits at September 30, 2023 and December 31, 2022, respectively, which have been eliminated in consolidation. The Firm’s investments reflect the Firm’s funding needs and capacity and were not driven by market illiquidity. Other than the amounts required to be held pursuant to credit risk retention rules, the Firm is not obligated under any agreement to purchase the commercial paper issued by the Firm-administered multi-seller conduits.

Deal-specific liquidity facilities, program-wide liquidity and credit enhancement provided by the Firm have been eliminated in consolidation. The Firm or the Firm-administered multi-seller conduits provide lending-related commitments to certain clients of the Firm-administered multi-seller conduits. The unfunded commitments were $9.9 billion and $10.6 billion at September 30, 2023 and December 31, 2022, respectively, and are reported as off-balance sheet lending-related commitments in other unfunded commitments to extend credit. Refer to Note 24 for more information on off-balance sheet lending-related commitments.

Municipal bond vehicles

Municipal bond vehicles or tender option bond (“TOB”) trusts allow institutions to finance their municipal bond investments at short-term rates. TOB transactions are known as customer TOB trusts and non-customer TOB trusts. Customer TOB trusts are sponsored by a third party.

The Firm serves as sponsor for all non-customer TOB transactions.

Consolidated VIE assets and liabilities

The following table presents information on assets and liabilities related to VIEs consolidated by the Firm as of September 30, 2023 and December 31, 2022.


	Assets									Liabilities
September 30, 2023 (in millions)	Trading assets		Loans			Other(b)		Total assets(c)		Beneficial interests in VIE assets(d)		Other(e)		Total liabilities
VIE program type
Firm-sponsored credit card trusts	$	—	$	9,003		$	112	$	9,115	$	2,997	$	6	$	3,003
Firm-administered multi-seller conduits	1		28,276			196		28,473		19,817		29		19,846
Municipal bond vehicles	1,725		—			26		1,751		1,888		11		1,899
Mortgage securitization entities(a)	—		712			8		720		128		58		186
Other	54		185			251		490		66		140		206
Total	$	1,780	$	38,176		$	593	$	40,549	$	24,896	$	244	$	25,140

	Assets									Liabilities
December 31, 2022 (in millions)	Trading assets		Loans			Other(b)		Total assets(c)		Beneficial interests in VIE assets(d)		Other(e)		Total liabilities
VIE program type
Firm-sponsored credit card trusts	$	—	$	9,699		$	100	$	9,799	$	1,999	$	2	$	2,001
Firm-administered multi-seller conduits	—		22,819			170		22,989		9,236		39		9,275
Municipal bond vehicles	2,089		—			7		2,096		1,232		10		1,242
Mortgage securitization entities(a)	—		781			10		791		143		67		210
Other	62		1,112		(f)	263		1,437		—		161		161
Total	$	2,151	$	34,411		$	550	$	37,112	$	12,610	$	279	$	12,889

(a)Includes residential mortgage securitizations.

(b)Includes assets classified as cash and other assets on the Consolidated balance sheets.

(c)The assets of the consolidated VIEs included in the program types above are used to settle the liabilities of those entities. The assets and liabilities include third-party assets and liabilities of consolidated VIEs and exclude intercompany balances that eliminate in consolidation.

(d)The interest-bearing beneficial interest liabilities issued by consolidated VIEs are classified on the Consolidated balance sheets as “Beneficial interests issued by consolidated VIEs”. The holders of these beneficial interests generally do not have recourse to the general credit of JPMorgan Chase. Included in beneficial interests in VIE assets are long-term beneficial interests of $3.2 billion and $2.1 billion at September 30, 2023 and December 31, 2022, respectively.

(e)Includes liabilities classified as accounts payable and other liabilities on the Consolidated balance sheets.

(f)Primarily includes purchased supply chain finance receivables and purchased auto loan securitizations in CIB.

VIEs sponsored by third parties

The Firm enters into transactions with VIEs structured by other parties. These include, for example, acting as a derivative counterparty, liquidity provider, investor, underwriter, placement agent, remarketing agent, trustee or custodian. These transactions are conducted at arm’s-length, and individual credit decisions are based on the analysis of the specific VIE, taking into consideration the quality of the underlying assets. Where the Firm does not have the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, or a variable interest that could potentially be significant, the Firm generally does not consolidate the VIE, but it records and reports these positions on its Consolidated balance sheets in the same manner it would record and report positions in respect of any other third-party transaction.

Tax credit vehicles

The Firm holds investments in unconsolidated tax credit vehicles, which are limited partnerships and similar entities that own and operate affordable housing, energy, and other projects. These entities are primarily considered VIEs. A third party is typically the general partner or managing

member and has control over the significant activities of the tax credit vehicles, and accordingly the Firm does not consolidate tax credit vehicles. The Firm generally invests in these partnerships as a limited partner and earns a return primarily through the receipt of tax credits allocated to the projects. The maximum loss exposure, represented by equity investments and funding commitments, was $32.5 billion and $30.2 billion at September 30, 2023 and December 31, 2022, of which $12.7 billion and $10.6 billion was unfunded at September 30, 2023 and December 31, 2022, respectively. The Firm assesses each project and to reduce the risk of loss, may withhold varying amounts of its capital investment until the project qualifies for tax credits. Refer to Note 25 of JPMorgan Chase’s 2022 Form 10-K for further information on affordable housing tax credits and Note 24 of this Form 10-Q for more information on off-balance sheet lending-related commitments.

Customer municipal bond vehicles (TOB trusts)

The Firm may provide various services to customer TOB trusts, including remarketing agent, liquidity or tender option provider. In certain customer TOB transactions, the Firm, as liquidity provider, has entered into a reimbursement agreement with the Residual holder.

In those transactions, upon the termination of the vehicle, the Firm has recourse to the third-party Residual holders for any shortfall. The Firm does not have any intent to protect Residual holders from potential losses on any of the underlying municipal bonds. The Firm does not consolidate customer TOB trusts, since the Firm does not have the power to make decisions that significantly impact the economic performance of the municipal bond vehicle.

The Firm’s maximum exposure as a liquidity provider to customer TOB trusts at September 30, 2023 and December 31, 2022 was $5.5 billion and $5.8 billion, respectively. The fair value of assets held by such VIEs at September 30, 2023 and December 31, 2022 was $7.2 billion and $8.2 billion, respectively.

Loan securitizations

The Firm has securitized and sold a variety of loans, including residential mortgages, credit card receivables, commercial mortgages and other consumer loans.

Securitization activity

The following table provides information related to the Firm’s securitization activities for the three and nine months ended September 30, 2023 and 2022, related to assets held in Firm-sponsored securitization entities that were not consolidated by the Firm, and where sale accounting was achieved at the time of the securitization.


	Three months ended September 30,								Nine months ended September 30,
	2023				2022				2023				2022
(in millions)	Residential mortgage(d)		Commercial and other(e)		Residential mortgage(d)		Commercial and other(e)		Residential mortgage(d)		Commercial and other(e)		Residential mortgage(d)		Commercial and other(e)
Principal securitized	$	2,721	$	2,737	$	386	$	1,297	$	6,010	$	3,113	$	9,909	$	8,355
All cash flows during the period:(a)
Proceeds received from loan sales as financial instruments(b)(c)	$	2,585	$	2,726	$	375	$	1,278	$	5,738	$	3,106	$	9,504	$	8,253
Servicing fees collected	6		2		12		—		18		3		56		—
Cash flows received on interests	89		126		131		71		249		304		413		196

(a)Excludes re-securitization transactions.

(b)Predominantly includes Level 2 assets.

(c)The carrying value of the loans accounted for at fair value approximated the proceeds received upon loan sale.

(d)Represents prime mortgages. Excludes loan securitization activity related to U.S. GSEs and government agencies.

(e)Includes commercial mortgage and other consumer loans.

Loans and excess MSRs sold to U.S. government-sponsored

enterprises and loans in securitization transactions pursuant to

Ginnie Mae guidelines

In addition to the amounts reported in the securitization activity tables above, the Firm, in the normal course of business, sells originated and purchased mortgage loans and certain originated excess MSRs on a nonrecourse basis, predominantly to U.S. GSEs. These loans and excess MSRs are sold primarily for the purpose of securitization by the U.S. GSEs, who provide certain guarantee provisions (e.g., credit enhancement of the loans). The Firm also sells loans into securitization transactions pursuant to Ginnie Mae guidelines; these loans are typically insured or guaranteed by another U.S. government agency. The Firm does not consolidate the securitization vehicles underlying these transactions as it is not the primary beneficiary. For a limited number of loan sales, the Firm is obligated to share

a portion of the credit risk associated with the sold loans with the purchaser. Refer to Note 24 of this Form 10-Q for additional information about the Firm’s loan sales- and securitization-related indemnifications and Note 15 for additional information about the impact of the Firm’s sale of certain excess MSRs.

The following table summarizes the activities related to loans sold to the U.S. GSEs, and loans in securitization transactions pursuant to Ginnie Mae guidelines.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Carrying value of loans sold	$	5,582	$	9,501	$	14,603	$	43,890
Proceeds received from loan sales as cash	119		2		159		15
Proceeds from loan sales as securities(a)(b)	5,397		9,352		14,279		43,161
Total proceeds received from loan sales(c)	$	5,516	$	9,354	$	14,438	$	43,176
Gains/(losses) on loan sales(d)(e)	$	—	$	(25)	$	—	$	(25)

(a)Includes securities from U.S. GSEs and Ginnie Mae that are generally sold shortly after receipt or retained as part of the Firm’s investment securities portfolio.

(b)Included in level 2 assets.

(c)Excludes the value of MSRs retained upon the sale of loans.

(d)Gains/(losses) on loan sales include the value of MSRs.

(e)The carrying value of the loans accounted for at fair value approximated the proceeds received upon loan sale.

Options to repurchase delinquent loans

In addition to the Firm’s obligation to repurchase certain loans due to material breaches of representations and warranties as discussed in Note 24, the Firm also has the option to repurchase delinquent loans that it services for Ginnie Mae loan pools, as well as for other U.S. government

agencies under certain arrangements. The Firm typically elects to repurchase delinquent loans from Ginnie Mae loan pools as it continues to service them and/or manage the foreclosure process in accordance with the applicable requirements, and such loans continue to be insured or guaranteed. When the Firm’s repurchase option becomes exercisable, such loans must be reported on the Consolidated balance sheets as a loan with a corresponding liability. Refer to Note 12 for additional information.

The following table presents loans the Firm repurchased or had an option to repurchase, real estate owned, and foreclosed government-guaranteed residential mortgage loans recognized on the Firm’s Consolidated balance sheets as of September 30, 2023 and December 31, 2022. Substantially all of these loans and real estate are insured or guaranteed by U.S. government agencies.


(in millions)	September 30, 2023		December 31, 2022
Loans repurchased or option to repurchase(a)	$	769	$	839
Real estate owned	8		10
Foreclosed government-guaranteed residential mortgage loans(b)	24		27

(a)Predominantly all of these amounts relate to loans that have been repurchased from Ginnie Mae loan pools.

(b)Relates to voluntary repurchases of loans, which are included in accrued interest and accounts receivable.

Loan delinquencies and liquidation losses

The table below includes information about components of and delinquencies related to nonconsolidated securitized financial assets held in Firm-sponsored private-label securitization entities, in which the Firm has continuing involvement as of September 30, 2023 and December 31, 2022.


									Net liquidation losses/(recoveries)
	Securitized assets				90 days past due				Three months ended September 30,				Nine months ended September 30,
(in millions)	September 30, 2023		December 31, 2022		September 30, 2023		December 31, 2022		2023		2022		2023		2022
Securitized loans
Residential mortgage:
Prime / Alt-A & option ARMs	$	38,600	$	37,058	$	471	$	511	$	2	$	(5)	$	12	$	(32)
Subprime	1,290		1,743		131		212		1		(1)		5		(4)
Commercial and other	129,838		127,037		2,342		948		40		11		59		22
Total loans securitized	$	169,728	$	165,838	$	2,944	$	1,671	$	43	$	5	$	76	$	(14)

Accumulated Other Comprehensive Income/(Loss)

9 Months Ended

Sep. 30, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income/(Loss)

Accumulated other comprehensive income/(loss)

AOCI includes the after-tax change in unrealized gains and losses on investment securities, foreign currency translation adjustments (including the impact of related derivatives), fair value changes of excluded components on fair value hedges, cash flow hedging activities, net gain/(loss) related to the Firm’s defined benefit pension and OPEB plans, and fair value option-elected liabilities arising from changes in the Firm’s own credit risk (DVA).


As of or for the three months ended September 30, 2023 (in millions)	Unrealized gains/(losses) on investment securities				Translation adjustments, net of hedges			Fair value hedges		Cash flow hedges			Defined benefit pension and OPEB plans			DVA on fair value option elected liabilities			Accumulated other comprehensive income/(loss)

Balance at July 1, 2023		$	(6,155)			$	(1,278)	$	(43)		$	(5,355)		$	(1,512)		$	53		$	(14,290)
Net change		(1,950)				(340)		(5)			(583)			(21)			85			(2,814)
Balance at September 30, 2023		$	(8,105)	(a)		$	(1,618)	$	(48)		$	(5,938)		$	(1,533)		$	138		$	(17,104)

As of or for the three months ended September 30, 2022 (in millions)	Unrealized gains/(losses) on investment securities				Translation adjustments, net of hedges			Fair value hedges		Cash flow hedges			Defined benefit pension and OPEB plans			DVA on fair value option elected liabilities			Accumulated other comprehensive income/(loss)

Balance at July 1, 2022		$	(8,844)			$	(1,675)	$	30		$	(4,435)		$	(123)		$	678		$	(14,369)
Net change		(2,145)				(581)		38			(1,698)			(1,004)			625			(4,765)
Balance at September 30, 2022		$	(10,989)	(a)		$	(2,256)	$	68		$	(6,133)		$	(1,127)		$	1,303		$	(19,134)

As of or for the nine months ended September 30, 2023 (in millions)	Unrealized gains/(losses) on investment securities				Translation adjustments, net of hedges			Fair value hedges		Cash flow hedges			Defined benefit pension and OPEB plans			DVA on fair value option elected liabilities			Accumulated other comprehensive income/(loss)

Balance at January 1, 2023		$	(9,124)			$	(1,545)	$	(33)		$	(5,656)		$	(1,451)		$	468		$	(17,341)




Net change		1,019				(73)		(15)			(282)			(82)			(330)			237
Balance at September 30, 2023		$	(8,105)	(a)		$	(1,618)	$	(48)		$	(5,938)		$	(1,533)		$	138		$	(17,104)

As of or for the nine months ended September 30, 2022 (in millions)	Unrealized gains/(losses) on investment securities				Translation adjustments, net of hedges			Fair value hedges		Cash flow hedges			Defined benefit pension and OPEB plans			DVA on fair value option elected liabilities			Accumulated other comprehensive income/(loss)

Balance at January 1, 2022		$	2,640			$	(934)	$	(131)		$	(296)		$	(210)		$	(1,153)		$	(84)




Net change		(13,629)				(1,322)		199			(5,837)			(917)			2,456			(19,050)
Balance at September 30, 2022		$	(10,989)	(a)		$	(2,256)	$	68		$	(6,133)		$	(1,127)		$	1,303		$	(19,134)

(a)As of September 30, 2023 includes after-tax net unamortized unrealized gains/(losses) of $(29) million related to HTM securities that have been transferred to AFS as permitted by the new hedge accounting guidance adopted on January 1, 2023. As of September 30, 2023 and 2022 includes after-tax net unamortized unrealized gains/(losses) of $(1.0) billion and $(1.3) billion, related to AFS securities that have been transferred to HTM, respectively. Refer to Note 10 of this Form 10-Q, and Note 10 of JPMorgan Chase's 2022 Form 10-K for further information.

The following table presents the pre-tax and after-tax changes in the components of OCI.


	2023						2022
Three months ended September 30, (in millions)	Pre-tax		Tax effect		After-tax		Pre-tax		Tax effect		After-tax
Unrealized gains/(losses) on investment securities:
Net unrealized gains/(losses) arising during the period	$	(3,234)	$	775	$	(2,459)	$	(3,785)	$	912	$	(2,873)
Reclassification adjustment for realized (gains)/losses included in net income(a)	669		(160)		509		959		(231)		728
Net change	(2,565)		615		(1,950)		(2,826)		681		(2,145)
Translation adjustments(b):
Translation	(1,608)		18		(1,590)		(3,017)		164		(2,853)
Hedges	1,647		(397)		1,250		2,992		(720)		2,272
Net change	39		(379)		(340)		(25)		(556)		(581)
Fair value hedges, net change(c):	(7)		2		(5)		50		(12)		38
Cash flow hedges:
Net unrealized gains/(losses) arising during the period	(1,209)		290		(919)		(2,511)		602		(1,909)
Reclassification adjustment for realized (gains)/losses included in net income(d)	443		(107)		336		278		(67)		211
Net change	(766)		183		(583)		(2,233)		535		(1,698)
Defined benefit pension and OPEB plans, net change(e):	(26)		5		(21)		(1,320)		316		(1,004)
DVA on fair value option elected liabilities, net change:	111		(26)		85		823		(198)		625
Total other comprehensive income/(loss)	$	(3,214)	$	400	$	(2,814)	$	(5,531)	$	766	$	(4,765)

	2023						2022
Nine months ended September 30, (in millions)	Pre-tax		Tax effect		After-tax		Pre-tax		Tax effect		After-tax
Unrealized gains/(losses) on investment securities:
Net unrealized gains/(losses) arising during the period	$	(1,097)	$	264	$	(833)	$	(19,443)	$	4,670	$	(14,773)
Reclassification adjustment for realized (gains)/losses included in net income(a)	2,437		(585)		1,852		1,506		(362)		1,144
Net change	1,340		(321)		1,019		(17,937)		4,308		(13,629)
Translation adjustments(b):
Translation	(509)		(13)		(522)		(6,908)		381		(6,527)
Hedges	596		(147)		449		6,854		(1,649)		5,205
Net change	87		(160)		(73)		(54)		(1,268)		(1,322)
Fair value hedges, net change(c):	(20)		5		(15)		262		(63)		199
Cash flow hedges:
Net unrealized gains/(losses) arising during the period	(1,761)		422		(1,339)		(7,697)		1,847		(5,850)
Reclassification adjustment for realized (gains)/losses included in net income(d)	1,391		(334)		1,057		17		(4)		13
Net change	(370)		88		(282)		(7,680)		1,843		(5,837)
Defined benefit pension and OPEB plans, net change(e):	(105)		23		(82)		(1,197)		280		(917)
DVA on fair value option elected liabilities, net change:	(436)		106		(330)		3,240		(784)		2,456
Total other comprehensive loss	$	496	$	(259)	$	237	$	(23,366)	$	4,316	$	(19,050)

(a)The pre-tax amount is reported in Investment securities gains/(losses) in the Consolidated statements of income.

(b)Reclassifications of pre-tax realized gains/(losses) on translation adjustments and related hedges are reported in other income/expense in the Consolidated statements of income. During the nine months ended September 30, 2023, the Firm reclassified a net pre-tax loss of $(4) million to other revenue predominantly related to the acquisition of CIFM of which $(38) million related to the net investment hedge loss. The amounts reclassified for the three months ended September 30, 2023 and nine months ended September 30, 2022 were not material.

(c)Represents changes in fair value of cross-currency swaps attributable to changes in cross-currency basis spreads, which are excluded from the assessment of hedge effectiveness and recorded in other comprehensive income. The initial cost of cross-currency basis spreads is recognized in earnings as part of the accrual of interest on the cross currency swaps.

(d)The pre-tax amounts are primarily recorded in noninterest revenue, net interest income and compensation expense in the Consolidated statements of income.

(e)During the period ended September 30, 2022, a remeasurement of the Firm’s U.S. principal defined benefit plan was required as a result of a pension settlement. The remeasurement resulted in a net decrease of $1.4 billion in pre-tax AOCI. Refer to Note 8 for further information.

Fair Value Measurement - Equity Securities Without Readily Determinable Fair Value (Details) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($) shares	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) shares	Sep. 30, 2022 USD ($)	Oct. 02, 2023	Oct. 01, 2023	Sep. 13, 2023	Dec. 31, 2022 USD ($)
Fair Value Disclosures [Abstract]
Carrying value	$ 4,499	$ 4,229	$ 4,499	$ 4,229				$ 4,100
Upward carrying value changes	50	40	90	486
Downward carrying value changes/impairment	(17)	$ (116)	(150)	$ (591)
Cumulative upward carrying value changes	1,300		1,300
Cumulative downward carrying value changes/impairment	$ (1,100)		$ (1,100)
Common stock \| Class B \| VISA
Equity Securities without Readily Determinable Fair Value [Line Items]
Interest owned in equity securities without readily determinable fair value (in shares) \| shares	37		37
Interest sold in equity securities without readily determinable fair value, subject to derivative instrument (in shares) \| shares	23		23
Proposed maximum percentage of shares that can be sold							50.00%
Common stock \| Class B \| VISA \| Subsequent Event
Equity Securities without Readily Determinable Fair Value [Line Items]
Conversion rate					1.5875	1.5902

Loans - Consumer, Excluding Credit Card Loan Portfolio, Auto and Other (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Loans by origination year
Total retained loans	$ 1,265,941	$ 1,068,073	$ 1,089,598
Gross charge-offs by origination year
Total gross charge-offs	5,096	3,116
Consumer, excluding credit card
Loans by origination year
Total retained loans	397,054	301,403	300,753
Gross charge-offs by origination year
Total gross charge-offs	809	$ 590
Consumer, excluding credit card \| Auto and other
Loans by origination year
Term loans originated in 2023/2022	24,469		22,450
Term loans originated in 2022/2021	16,614		20,573
Term loans originated in 2021/2020	14,724		11,525
Term loans originated in 2020/2019	7,710		4,059
Term loans originated in 2019/2018	2,286		1,500
Term loans originated prior to 2019/2018	744		596
Revolving loans within the revolving period	2,728		2,356
Revolving loans converted to term loans	144		133
Total retained loans	$ 69,419		$ 63,192
% of 30+ days past due to total retained loans by origination year
% of 30 plus days past due to total retained loans, Term loans originated in 2023/2022	0.82%		1.17%
% of 30 plus days past due to total retained loans, Term loans originated in 2022/2021	1.50%		1.15%
% of 30 plus days past due to total retained loans, Term loans originated in 2021/2020	1.47%		0.83%
% of 30 plus days past due to total retained loans, Term loans originated in 2020/2019	0.97%		1.68%
% of 30 plus days past due to total retained loans, Term loans originated in 2019/2018	1.92%		2.20%
% of 30 plus days past due to total retained loans, Term loans originated prior to 2019/2018	2.82%		3.02%
% of 30 plus days past due to total retained loans, Revolving loans within the revolving period	0.59%		0.59%
% of 30 plus days past due to total retained loans, Revolving loans converted to term loans	23.61%		11.28%
% of 30 plus days past due to total retained loans	1.23%		1.18%
Gross charge-offs by origination year
Gross charge-offs originated in 2023	$ 211
Gross charge-offs originated in 2022	233
Gross charge-offs originated in 2021	121
Gross charge-offs originated in 2020	42
Gross charge-offs originated in 2019	25
Gross charge-offs originated prior to 2019	46
Gross charge-offs originated within the revolving period	0
Gross charge-offs originated converted to term loans	2
Total gross charge-offs	680
Current \| Consumer, excluding credit card \| Auto and other
Loans by origination year
Term loans originated in 2023/2022	24,269		$ 22,187
Term loans originated in 2022/2021	16,365		20,212
Term loans originated in 2021/2020	14,484		11,401
Term loans originated in 2020/2019	7,621		3,991
Term loans originated in 2019/2018	2,242		1,467
Term loans originated prior to 2019/2018	723		578
Revolving loans within the revolving period	2,712		2,342
Revolving loans converted to term loans	110		118
Total retained loans	68,526		62,296
30 or more days past due \| Consumer, excluding credit card \| Auto and other \| Paycheck Protection Program (PPP)
Loans by origination year
Total retained loans	38		153
30–119 days past due \| Consumer, excluding credit card \| Auto and other
Loans by origination year
Term loans originated in 2023/2022	200		263
Term loans originated in 2022/2021	249		308
Term loans originated in 2021/2020	219		100
Term loans originated in 2020/2019	76		68
Term loans originated in 2019/2018	44		33
Term loans originated prior to 2019/2018	20		17
Revolving loans within the revolving period	14		12
Revolving loans converted to term loans	20		10
Total retained loans	842		811
120 or more days past due \| Consumer, excluding credit card \| Auto and other
Loans by origination year
Term loans originated in 2023/2022	0		0
Term loans originated in 2022/2021	0		53
Term loans originated in 2021/2020	21		24
Term loans originated in 2020/2019	13		0
Term loans originated in 2019/2018	0		0
Term loans originated prior to 2019/2018	1		1
Revolving loans within the revolving period	2		2
Revolving loans converted to term loans	14		5
Total retained loans	$ 51		$ 85

Accumulated Other Comprehensive Income/(Loss) - Rollforward (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			$ 292,332
Net change	$ (2,814)	$ (4,765)	237	$ (19,050)
Ending balance	317,371	288,018	317,371	288,018
Accumulated other comprehensive income/(loss)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(14,290)	(14,369)	(17,341)	(84)
Net change	(2,814)	(4,765)	237	(19,050)
Ending balance	(17,104)	(19,134)	(17,104)	(19,134)
Unrealized gains/(losses) on investment securities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(6,155)	(8,844)	(9,124)	2,640
Net change	(1,950)	(2,145)	1,019	(13,629)
Ending balance	(8,105)	(10,989)	(8,105)	(10,989)
After-tax unrealized gains/ (losses) related to HTM securities that have been transferred to AFS			(29)
After-tax unamortized unrealized gains/(losses) related to transfer of AFS securities to HTM			(1,000)	(1,300)
Translation adjustments, net of hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(1,278)	(1,675)	(1,545)	(934)
Net change	(340)	(581)	(73)	(1,322)
Ending balance	(1,618)	(2,256)	(1,618)	(2,256)
Fair value hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(43)	30	(33)	(131)
Net change	(5)	38	(15)	199
Ending balance	(48)	68	(48)	68
Cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(5,355)	(4,435)	(5,656)	(296)
Net change	(583)	(1,698)	(282)	(5,837)
Ending balance	(5,938)	(6,133)	(5,938)	(6,133)
Defined benefit pension and OPEB plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(1,512)	(123)	(1,451)	(210)
Net change	(21)	(1,004)	(82)	(917)
Ending balance	(1,533)	(1,127)	(1,533)	(1,127)
DVA on fair value option elected liabilities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	53	678	468	(1,153)
Net change	85	625	(330)	2,456
Ending balance	$ 138	$ 1,303	$ 138	$ 1,303

Accumulated Other Comprehensive Income/(Loss) (Tables)

9 Months Ended

Sep. 30, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated other comprehensive income/(loss)


As of or for the three months ended September 30, 2023 (in millions)	Unrealized gains/(losses) on investment securities				Translation adjustments, net of hedges			Fair value hedges		Cash flow hedges			Defined benefit pension and OPEB plans			DVA on fair value option elected liabilities			Accumulated other comprehensive income/(loss)

Balance at July 1, 2023		$	(6,155)			$	(1,278)	$	(43)		$	(5,355)		$	(1,512)		$	53		$	(14,290)
Net change		(1,950)				(340)		(5)			(583)			(21)			85			(2,814)
Balance at September 30, 2023		$	(8,105)	(a)		$	(1,618)	$	(48)		$	(5,938)		$	(1,533)		$	138		$	(17,104)

As of or for the three months ended September 30, 2022 (in millions)	Unrealized gains/(losses) on investment securities				Translation adjustments, net of hedges			Fair value hedges		Cash flow hedges			Defined benefit pension and OPEB plans			DVA on fair value option elected liabilities			Accumulated other comprehensive income/(loss)

Balance at July 1, 2022		$	(8,844)			$	(1,675)	$	30		$	(4,435)		$	(123)		$	678		$	(14,369)
Net change		(2,145)				(581)		38			(1,698)			(1,004)			625			(4,765)
Balance at September 30, 2022		$	(10,989)	(a)		$	(2,256)	$	68		$	(6,133)		$	(1,127)		$	1,303		$	(19,134)

As of or for the nine months ended September 30, 2023 (in millions)	Unrealized gains/(losses) on investment securities				Translation adjustments, net of hedges			Fair value hedges		Cash flow hedges			Defined benefit pension and OPEB plans			DVA on fair value option elected liabilities			Accumulated other comprehensive income/(loss)

Balance at January 1, 2023		$	(9,124)			$	(1,545)	$	(33)		$	(5,656)		$	(1,451)		$	468		$	(17,341)




Net change		1,019				(73)		(15)			(282)			(82)			(330)			237
Balance at September 30, 2023		$	(8,105)	(a)		$	(1,618)	$	(48)		$	(5,938)		$	(1,533)		$	138		$	(17,104)

As of or for the nine months ended September 30, 2022 (in millions)	Unrealized gains/(losses) on investment securities				Translation adjustments, net of hedges			Fair value hedges		Cash flow hedges			Defined benefit pension and OPEB plans			DVA on fair value option elected liabilities			Accumulated other comprehensive income/(loss)

Balance at January 1, 2022		$	2,640			$	(934)	$	(131)		$	(296)		$	(210)		$	(1,153)		$	(84)




Net change		(13,629)				(1,322)		199			(5,837)			(917)			2,456			(19,050)
Balance at September 30, 2022		$	(10,989)	(a)		$	(2,256)	$	68		$	(6,133)		$	(1,127)		$	1,303		$	(19,134)

Changes of the components of accumulated other comprehensive income (loss)

The following table presents the pre-tax and after-tax changes in the components of OCI.


	2023						2022
Three months ended September 30, (in millions)	Pre-tax		Tax effect		After-tax		Pre-tax		Tax effect		After-tax
Unrealized gains/(losses) on investment securities:
Net unrealized gains/(losses) arising during the period	$	(3,234)	$	775	$	(2,459)	$	(3,785)	$	912	$	(2,873)
Reclassification adjustment for realized (gains)/losses included in net income(a)	669		(160)		509		959		(231)		728
Net change	(2,565)		615		(1,950)		(2,826)		681		(2,145)
Translation adjustments(b):
Translation	(1,608)		18		(1,590)		(3,017)		164		(2,853)
Hedges	1,647		(397)		1,250		2,992		(720)		2,272
Net change	39		(379)		(340)		(25)		(556)		(581)
Fair value hedges, net change(c):	(7)		2		(5)		50		(12)		38
Cash flow hedges:
Net unrealized gains/(losses) arising during the period	(1,209)		290		(919)		(2,511)		602		(1,909)
Reclassification adjustment for realized (gains)/losses included in net income(d)	443		(107)		336		278		(67)		211
Net change	(766)		183		(583)		(2,233)		535		(1,698)
Defined benefit pension and OPEB plans, net change(e):	(26)		5		(21)		(1,320)		316		(1,004)
DVA on fair value option elected liabilities, net change:	111		(26)		85		823		(198)		625
Total other comprehensive income/(loss)	$	(3,214)	$	400	$	(2,814)	$	(5,531)	$	766	$	(4,765)

	2023						2022
Nine months ended September 30, (in millions)	Pre-tax		Tax effect		After-tax		Pre-tax		Tax effect		After-tax
Unrealized gains/(losses) on investment securities:
Net unrealized gains/(losses) arising during the period	$	(1,097)	$	264	$	(833)	$	(19,443)	$	4,670	$	(14,773)
Reclassification adjustment for realized (gains)/losses included in net income(a)	2,437		(585)		1,852		1,506		(362)		1,144
Net change	1,340		(321)		1,019		(17,937)		4,308		(13,629)
Translation adjustments(b):
Translation	(509)		(13)		(522)		(6,908)		381		(6,527)
Hedges	596		(147)		449		6,854		(1,649)		5,205
Net change	87		(160)		(73)		(54)		(1,268)		(1,322)
Fair value hedges, net change(c):	(20)		5		(15)		262		(63)		199
Cash flow hedges:
Net unrealized gains/(losses) arising during the period	(1,761)		422		(1,339)		(7,697)		1,847		(5,850)
Reclassification adjustment for realized (gains)/losses included in net income(d)	1,391		(334)		1,057		17		(4)		13
Net change	(370)		88		(282)		(7,680)		1,843		(5,837)
Defined benefit pension and OPEB plans, net change(e):	(105)		23		(82)		(1,197)		280		(917)
DVA on fair value option elected liabilities, net change:	(436)		106		(330)		3,240		(784)		2,456
Total other comprehensive loss	$	496	$	(259)	$	237	$	(23,366)	$	4,316	$	(19,050)

(a)The pre-tax amount is reported in Investment securities gains/(losses) in the Consolidated statements of income.

(d)The pre-tax amounts are primarily recorded in noninterest revenue, net interest income and compensation expense in the Consolidated statements of income.

Deposits - Time Deposits (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Deposit Liability [Line Items]
Total	$ 214,368	$ 142,529
U.S. offices
Deposit Liability [Line Items]
Total	120,115	64,622
Non-U.S. offices
Deposit Liability [Line Items]
Total	$ 94,253	$ 77,907

Derivative Instruments - Impact on Statements of Income, Cash Flow Hedges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Derivatives gains/(losses) recorded in income and other comprehensive income/(loss)
Recognition of after-tax net losses related to cash flow hedges in Income			$ (1,700)
Maximum length of time hedged in forecasted transactions, terminated cash flow hedges			7 years
Maximum length of time hedged in forecasted transactions, open cash flow hedges			7 years
Cash Flow Hedging
Derivatives gains/(losses) recorded in income and other comprehensive income/(loss)
Amounts reclassified from AOCI to income	$ (443)	$ (278)	$ (1,391)	$ (17)
Amounts recorded in OCI	(1,209)	(2,511)	(1,761)	(7,697)
Total change in OCI for period	(766)	(2,233)	(370)	(7,680)
Cash Flow Hedging \| Interest rate
Derivatives gains/(losses) recorded in income and other comprehensive income/(loss)
Amounts reclassified from AOCI to income	(514)	(160)	(1,416)	169
Amounts recorded in OCI	(1,087)	(2,279)	(1,825)	(7,149)
Total change in OCI for period	(573)	(2,119)	(409)	(7,318)
Cash Flow Hedging \| Foreign exchange
Derivatives gains/(losses) recorded in income and other comprehensive income/(loss)
Amounts reclassified from AOCI to income	71	(118)	25	(186)
Amounts recorded in OCI	(122)	(232)	64	(548)
Total change in OCI for period	$ (193)	$ (114)	$ 39	$ (362)

Preferred Stock (Tables)

9 Months Ended

Sep. 30, 2023

Stockholders' Equity Note [Abstract]

Schedule of stock by class

The following is a summary of JPMorgan Chase’s non-cumulative preferred stock outstanding as of September 30, 2023 and December 31, 2022, and the quarterly dividend declarations for the three and nine months ended September 30, 2023 and 2022.


	Shares(a)		Carrying value (in millions)					Contractual rate in effect at September 30, 2023		Earliest redemption date(b)	Floating annualized rate(c)		Dividend declared per share
	September 30, 2023	December 31, 2022	September 30, 2023		December 31, 2022		Issue date						Three months ended September 30,				Nine months ended September 30,
													2023		2022		2023	2022
Fixed-rate:



Series DD	169,625	169,625	$	1,696	$	1,696	9/21/2018	5.750	%	12/1/2023	NA		$	143.75	$	143.75	$431.25	$431.25
Series EE	185,000	185,000	1,850		1,850		1/24/2019	6.000		3/1/2024	NA		150.00		150.00		450.00	450.00
Series GG	90,000	90,000	900		900		11/7/2019	4.750		12/1/2024	NA		118.75		118.75		356.25	356.25
Series JJ	150,000	150,000	1,500		1,500		3/17/2021	4.550		6/1/2026	NA		113.75		113.75		341.25	341.25
Series LL	185,000	185,000	1,850		1,850		5/20/2021	4.625		6/1/2026	NA		115.63		115.63		346.89	346.89
Series MM	200,000	200,000	2,000		2,000		7/29/2021	4.200		9/1/2026	NA		105.00		105.00		315.00	315.00
Fixed-to-floating-rate:
Series I	—	—	$	—	$	—	4/23/2008	—	%	4/30/2018	—	%	$	—	$	163.87	$—	$375.03
Series Q	150,000	150,000	1,500		1,500		4/23/2013	SOFR + 3.25		5/1/2023	SOFR + 3.25		227.02		128.75		574.25	386.25	(d)
Series R	150,000	150,000	1,500		1,500		7/29/2013	SOFR + 3.30		8/1/2023	SOFR + 3.30		228.30		150.00		528.30	450.00	(e)
Series S	200,000	200,000	2,000		2,000		1/22/2014	6.750		2/1/2024	SOFR + 3.78		168.75		168.75		506.25	506.25
Series U	100,000	100,000	1,000		1,000		3/10/2014	6.125		4/30/2024	SOFR + 3.33		153.13		153.13		459.38	459.38
Series V	—	—	—		—		6/9/2014	—		7/1/2019	—		—		146.15		—	340.91
Series X	160,000	160,000	1,600		1,600		9/23/2014	6.100		10/1/2024	SOFR + 3.33		152.50		152.50		457.50	457.50
Series Z	—	—	—		—		4/21/2015	—		5/1/2020	—		—		—		—	—
Series CC	125,750	125,750	1,258		1,258		10/20/2017	SOFR + 2.58		11/1/2022	SOFR + 2.58		209.90		115.63		594.05	346.88	(f)
Series FF	225,000	225,000	2,250		2,250		7/31/2019	5.000		8/1/2024	SOFR + 3.38		125.00		125.00		375.00	375.00
Series HH	300,000	300,000	3,000		3,000		1/23/2020	4.600		2/1/2025	SOFR + 3.125		115.00		115.00		345.00	345.00
Series II	150,000	150,000	1,500		1,500		2/24/2020	4.000		4/1/2025	SOFR + 2.745		100.00		100.00		300.00	300.00
Series KK	200,000	200,000	2,000		2,000		5/12/2021	3.650		6/1/2026	CMT + 2.85		91.25		91.25		273.75	273.75
Total preferred stock	2,740,375	2,740,375	$	27,404	$	27,404

(a)Represented by depositary shares.

(b)Each series of fixed-to-floating rate preferred stock converts to a floating rate at the earliest redemption date.

(c)Effective June 30, 2023, CME Term SOFR is the replacement reference rate for certain outstanding securities issued by the Firm that used U.S. dollar LIBOR as the reference rate, including fixed-to-floating rate preferred stock. References in the table to “SOFR” mean a floating annualized rate equal to three-month term SOFR (plus a spread adjustment of 0.26% per annum) plus the spreads noted. The reference to “CMT” means a floating annualized rate equal to the five-year Constant Maturity Treasury (“CMT”) rate plus the spread noted.

(d)The dividend rate for Series Q preferred stock became floating and payable quarterly starting on May 1, 2023; prior to which the dividend rate was fixed at 5.15% or $257.50 per share payable semiannually. The dividend rate for each quarterly dividend period commencing on August 1, 2023 is three-month term SOFR (plus a spread adjustment of 0.26% per annum) plus the spread of 3.25%.

(e)The dividend rate for Series R preferred stock became floating and payable quarterly starting on August 1, 2023; prior to which the dividend rate was fixed at 6.00% or $300.00 per share payable semiannually. The dividend rate for each quarterly dividend period commencing on August 1, 2023 is three-month term SOFR (plus a spread adjustment of 0.26% per annum) plus the spread of 3.30%.

(f)The dividend rate for Series CC preferred stock became floating and payable quarterly starting on November 1, 2022; prior to which the dividend rate was fixed at 4.625% or $231.25 per share payable semiannually. The dividend rate for each quarterly dividend period commencing on August 1, 2023 is three-month term SOFR (plus a spread adjustment of 0.26% per annum) plus the spread of 2.58%.

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

+ References

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+ Details

Investment Securities

9 Months Ended

Sep. 30, 2023

Investments, Debt and Equity Securities [Abstract]

Investment Securities

Investment securities

Investment securities consist of debt securities that are classified as AFS or HTM. Debt securities classified as trading assets are discussed in Note 2. Predominantly all of the Firm’s AFS and HTM securities are held by Treasury and CIO in connection with its asset-liability management activities. At September 30, 2023, the investment securities portfolio consisted of debt securities with an average credit rating of AA+ (based upon external ratings where available, and where not available, based primarily upon internal risk ratings).

Effective January 1, 2023, the Firm adopted the portfolio layer method hedge accounting guidance which permitted a transfer of HTM securities to AFS upon adoption. The Firm

transferred obligations of U.S. states and municipalities with a carrying value of $7.1 billion resulting in the recognition of $38 million net pre-tax unrealized losses in AOCI. This transfer was a noncash transaction. Refer to Note 1 and Note 21 for additional information.

During 2022, the Firm transferred $78.3 billion of investment securities from AFS to HTM for capital management purposes. AOCI included pretax unrealized losses of $4.8 billion on the securities at the date of transfer.

Refer to Note 10 of JPMorgan Chase’s 2022 Form 10-K for additional information regarding the investment securities portfolio.

The amortized costs and estimated fair values of the investment securities portfolio were as follows for the dates indicated.


	September 30, 2023									December 31, 2022
(in millions)	Amortized cost(c)(d)		Gross unrealized gains		Gross unrealized losses		Fair value			Amortized cost(c)(d)		Gross unrealized gains		Gross unrealized losses		Fair value
Available-for-sale securities
Mortgage-backed securities:
U.S. GSEs and government agencies	$	90,398	$	86	$	7,967	$	82,517		$	77,194	$	479	$	6,170	$	71,503
Residential:
U.S.	2,063		1		137		1,927			1,576		1		111		1,466
Non-U.S.	1,649		4		2		1,651			3,176		5		27		3,154
Commercial	2,723		1		166		2,558			2,113		—		155		1,958
Total mortgage-backed securities	96,833		92		8,272		88,653			84,059		485		6,463		78,081
U.S. Treasury and government agencies	54,823		237		1,701		53,359			95,217		302		3,459		92,060
Obligations of U.S. states and municipalities	21,648		66		2,052		19,662			7,103		86		403		6,786
Non-U.S. government debt securities	27,064		13		564		26,513			20,360		14		678		19,696
Corporate debt securities	218		—		24		194			381		—		24		357
Asset-backed securities:
Collateralized loan obligations	5,730		7		34		5,703			5,916		1		125		5,792
Other	3,075		4		44		3,035			3,152		2		69		3,085
Unallocated portfolio layer fair value basis adjustments(a)	(2,891)		—		(2,891)		NA			NA		NA		NA		NA
Total available-for-sale securities	206,500		419		9,800		197,119		(e)	216,188		890		11,221		205,857
Held-to-maturity securities(b)
Mortgage-backed securities:
U.S. GSEs and government agencies	107,718		—		17,696		90,022			113,492		35		13,709		99,818
U.S. Residential	9,979		1		1,413		8,567			10,503		3		1,244		9,262
Commercial	10,598		2		796		9,804			10,361		10		734		9,637
Total mortgage-backed securities	128,295		3		19,905		108,393			134,356		48		15,687		118,717
U.S. Treasury and government agencies	187,819		—		17,813		170,006			207,463		—		18,363		189,100
Obligations of U.S. states and municipalities	10,730		1		1,304		9,427			19,747		53		1,080		18,720
Asset-backed securities:
Collateralized loan obligations	59,487		64		531		59,020			61,414		4		1,522		59,896
Other	1,930		1		76		1,855			2,325		—		110		2,215
Total held-to-maturity securities	388,261		69		39,629		348,701			425,305		105		36,762		388,648
Total investment securities, net of allowance for credit losses	$	594,761	$	488	$	49,429	$	545,820		$	641,493	$	995	$	47,983	$	594,505

(c)The amortized cost of investment securities is reported net of allowance for credit losses of $117 million and $96 million at September 30, 2023 and December 31, 2022, respectively.

(e)As of September 30, 2023, included $22.9 billion of AFS securities associated with First Republic. Refer to Note 28 for additional information.

AFS securities impairment


	Available-for-sale securities with gross unrealized losses
	Less than 12 months					12 months or more
September 30, 2023 (in millions)	Fair value			Gross unrealized losses		Fair value		Gross unrealized losses		Total fair value		Total gross unrealized losses
Available-for-sale securities
Mortgage-backed securities:
Residential:
U.S.	$	682		$	15	$	1,232	$	122	$	1,914	$	137
Non-U.S.	—			—		1,317		2		1,317		2
Commercial	480			7		1,751		159		2,231		166
Total mortgage-backed securities	1,162			22		4,300		283		5,462		305
Obligations of U.S. states and municipalities	15,200			1,585		2,285		467		17,485		2,052
Non-U.S. government debt securities	14,499			76		4,974		488		19,473		564
Corporate debt securities	13			1		83		23		96		24
Asset-backed securities:
Collateralized loan obligations	100			—		4,231		34		4,331		34
Other	672			14		1,600		30		2,272		44
Total available-for-sale securities with gross unrealized losses	$	31,646	(a)	$	1,698	$	17,473	$	1,325	$	49,119	$	3,023


	Available-for-sale securities with gross unrealized losses
	Less than 12 months				12 months or more
December 31, 2022 (in millions)	Fair value		Gross unrealized losses		Fair value		Gross unrealized losses		Total fair value		Total gross unrealized losses
Available-for-sale securities
Mortgage-backed securities:
Residential:
U.S.	$	1,187	$	71	$	260	$	40	$	1,447	$	111
Non-U.S.	2,848		25		70		2		2,918		27
Commercial	1,131		74		813		81		1,944		155
Total mortgage-backed securities	5,166		170		1,143		123		6,309		293
Obligations of U.S. states and municipalities	3,051		241		364		162		3,415		403
Non-U.S. government debt securities	6,941		321		3,848		357		10,789		678
Corporate debt securities	150		2		207		22		357		24
Asset-backed securities:
Collateralized loan obligations	3,010		61		2,701		64		5,711		125
Other	2,586		51		256		18		2,842		69
Total available-for-sale securities with gross unrealized losses	$	20,904	$	846	$	8,519	$	746	$	29,423	$	1,592

(a)Includes the impact of First Republic, primarily obligations of U.S. states and municipalities. Refer to Note 28 for additional information.

HTM securities – credit risk

Credit quality indicator

The primary credit quality indicator for HTM securities is the risk rating assigned to each security. At September 30, 2023 and December 31, 2022, all HTM securities were rated investment grade and were current and accruing, with approximately 99% and 98% rated at least AA+, respectively.

Allowance for credit losses on investment securities

The allowance for credit losses on investment securities was $117 million and $61 million as of September 30, 2023 and 2022, respectively, which included a cumulative-effect adjustment to retained earnings related to the transfer of HTM securities to AFS for the nine months ended September 30, 2023.

Refer to Note 10 of JPMorgan Chase’s 2022 Form 10-K for further discussion of accounting policies for AFS and HTM securities.

Selected impacts of investment securities on the Consolidated statements of income


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Realized gains	$	16	$	88	$	345	$	170
Realized losses	(685)		(1,047)		(2,782)		(1,676)
Investment securities losses	$	(669)	$	(959)	$	(2,437)	$	(1,506)
Provision for credit losses	$	13	$	14	$	27	$	19

Contractual maturities and yields

The following table presents the amortized cost and estimated fair value at September 30, 2023, of JPMorgan Chase’s investment securities portfolio by contractual maturity.


By remaining maturity September 30, 2023 (in millions)	Due in one year or less			Due after one year through five years			Due after five years through 10 years			Due after 10 years(c)			Total
Available-for-sale securities
Mortgage-backed securities
Amortized cost	$	14		$	4,401		$	5,996		$	86,422		$	96,833
Fair value	15			4,241			5,881			78,516			88,653			(d)
Average yield(a)	2.16		%	4.87		%	6.21		%	4.54		%	4.66		%
U.S. Treasury and government agencies
Amortized cost	$	1		$	30,294		$	18,147		$	6,381		$	54,823
Fair value	1			29,643			18,146			5,569			53,359
Average yield(a)	5.47		%	5.16		%	6.37		%	7.14		%	5.77		%
Obligations of U.S. states and municipalities
Amortized cost	$	9		$	63		$	833		$	20,743		$	21,648
Fair value	9			61			806			18,786			19,662			(d)
Average yield(a)	3.63		%	3.03		%	4.29		%	5.88		%	5.81		%
Non-U.S. government debt securities
Amortized cost	$	15,132		$	4,367		$	3,680		$	3,885		$	27,064
Fair value	15,128			4,273			3,285			3,827			26,513
Average yield(a)	4.68		%	3.60		%	1.94		%	3.88		%	4.02		%
Corporate debt securities
Amortized cost	$	133		$	101		$	14		$	—		$	248
Fair value	81			100			13			—			194
Average yield(a)	16.24		%	9.80		%	4.10		%	—		%	12.95		%
Asset-backed securities
Amortized cost	$	14		$	1,136		$	3,692		$	3,963		$	8,805
Fair value	14			1,121			3,675			3,928			8,738			(d)
Average yield(a)	6.09		%	3.67		%	6.38		%	6.52		%	6.09		%

Total available-for-sale securities
Amortized cost(b)	$	15,303		$	40,362		$	32,362		$	121,394		$	209,421
Fair value	15,248			39,439			31,806			110,626			197,119			(d)
Average yield(a)	4.78		%	4.92		%	5.78		%	4.94		%	5.06		%
Held-to-maturity securities
Mortgage-backed securities
Amortized cost	$	100		$	4,850		$	9,354		$	114,039		$	128,343
Fair value	97			4,411			7,898			95,987			108,393
Average yield(a)	6.41		%	2.66		%	2.55		%	3.00		%	2.96		%
U.S. Treasury and government agencies
Amortized cost	$	64,545		$	74,372		$	48,902		$	—		$	187,819
Fair value	63,263			67,504			39,239			—			170,006
Average yield(a)	0.56		%	0.95		%	1.26		%	—		%	0.89		%
Obligations of U.S. states and municipalities
Amortized cost	$	—		$	—		$	485		$	10,284		$	10,769
Fair value	—			—			447			8,980			9,427
Average yield(a)	—		%	—		%	4.20		%	4.00		%	4.01		%
Asset-backed securities
Amortized cost	$	—		$	13		$	20,219		$	41,185		$	61,417
Fair value	—			13			20,097			40,765			60,875
Average yield(a)	—		%	6.49		%	6.24		%	6.34		%	6.31		%
Total held-to-maturity securities
Amortized cost(b)	$	64,645		$	79,235		$	78,960		$	165,508		$	388,348
Fair value	63,360			71,928			67,681			145,732			348,701
Average yield(a)	0.57		%	1.05		%	2.71		%	3.89		%	2.52		%

(d)Includes AFS securities associated with First Republic, primarily due after 10 years. Refer to Note 28 for additional information.

Noninterest Revenue and Noninterest Expense - Other income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Mar. 31, 2023
Business Acquisition [Line Items]
Operating lease income	$ 695	$ 870	$ 2,166	$ 2,863
Losses on tax-oriented investments	(316)	(312)	(1,190)	(1,147)
Estimated bargain purchase gain associated with the First Republic acquisition	100	0	2,812	$ 0
Gain related to the acquisition of CIFM	$ 0	$ 0	$ 339
CIFM
Business Acquisition [Line Items]
Percentage interest acquired					51.00%

Fair Value Measurement - Nonrecurring Basis (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities adjusted based on the measurement alternative	$ 4,499	$ 4,229	$ 4,499	$ 4,229	$ 4,100
Residential mortgage \| Broker price opinions \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value inputs, liquidation value discount			10.00%
Residential mortgage \| Broker price opinions \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value inputs, liquidation value discount			56.00%
Residential mortgage \| Broker price opinions \| Weighted average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value inputs, liquidation value discount			25.00%
Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	2,993	3,225	$ 2,993	3,225
Total liabilities measured at fair value on a nonrecurring basis	0	112	0	112
Total nonrecurring fair value gains/(losses)	(451)	(52)	(736)	(307)
Nonrecurring \| Accounts payable and other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities measured at fair value on a nonrecurring basis	0	112	0	112
Total nonrecurring fair value gains/(losses)	0	52	0	(108)
Nonrecurring \| Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	1,680	2,069	1,680	2,069
Total nonrecurring fair value gains/(losses)	(75)	(28)	(200)	(77)
Nonrecurring \| Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	1,313	1,156	1,313	1,156
Total nonrecurring fair value gains/(losses)	(376)	(76)	(536)	(122)
Nonrecurring \| Other assets using measurement alternative
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total nonrecurring fair value gains/(losses)	33	(76)	(60)	(105)
Nonrecurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	0	0	0	0
Total liabilities measured at fair value on a nonrecurring basis	0	0	0	0
Nonrecurring \| Level 1 \| Accounts payable and other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities measured at fair value on a nonrecurring basis	0	0	0	0
Nonrecurring \| Level 1 \| Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	0	0	0	0
Nonrecurring \| Level 1 \| Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	0	0	0	0
Nonrecurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	703	1,179	703	1,179
Total liabilities measured at fair value on a nonrecurring basis	0	0	0	0
Nonrecurring \| Level 2 \| Accounts payable and other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities measured at fair value on a nonrecurring basis	0	0	0	0
Nonrecurring \| Level 2 \| Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	666	1,142	666	1,142
Nonrecurring \| Level 2 \| Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	37	37	37	37
Nonrecurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	2,290	2,046	2,290	2,046
Total liabilities measured at fair value on a nonrecurring basis	0	112	0	112
Nonrecurring \| Level 3 \| Accounts payable and other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities measured at fair value on a nonrecurring basis	0	112	0	112
Nonrecurring \| Level 3 \| Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	1,014	927	1,014	927
Nonrecurring \| Level 3 \| Residential mortgage
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	60		60
Nonrecurring \| Level 3 \| Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	1,276	$ 1,119	1,276	$ 1,119
Equity securities adjusted based on the measurement alternative	$ 396		$ 396

Loans - Wholesale Loan Portfolio, Loan Modifications, Narrative (Details) - Wholesale - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Financing Receivable, Modified [Line Items]
Carrying value of new TDRs		$ 108		$ 587
Commercial and industrial
Financing Receivable, Modified [Line Items]
Additional commitments to lend to borrowers whose loans have been modified as FDM's	$ 363		$ 1,500
Other
Financing Receivable, Modified [Line Items]
Additional commitments to lend to borrowers whose loans have been modified as FDM's	1		1
Secured by real estate
Financing Receivable, Modified [Line Items]
Additional commitments to lend to borrowers whose loans have been modified as FDM's	$ 1		$ 1

Deposits - Maturities of Interest-Bearing Time Deposits (Details) $ in Millions	Sep. 30, 2023 USD ($)
Maturities of interest bearing time deposits
2024	$ 265,537
2025	1,289
2026	299
2027	169
2028	982
After 5 years	714
Total	268,990
U.S.
Maturities of interest bearing time deposits
2024	174,134
2025	990
2026	278
2027	138
2028	97
After 5 years	509
Total	176,146
Non-U.S.
Maturities of interest bearing time deposits
2024	91,403
2025	299
2026	21
2027	31
2028	885
After 5 years	205
Total	$ 92,844

Securities Financing Activities - Transfers Not Qualifying for Sale Accounting (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Securities Financing Transactions Disclosures [Abstract]
Transfers not qualifying for sale accounting	$ 541	$ 692

Loans - Credit Card Loan Portfolio, Delinquency Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total retained loans	$ 1,265,941	$ 1,068,073	$ 1,089,598
Total gross charge-offs	5,096	$ 3,116
Credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving loans within the revolving period	196,006		184,379
Revolving loans converted to term loans	929		796
Total retained loans	$ 196,935		$ 185,175
% of 30 plus days past due to total retained loans, Revolving loans within the revolving period	1.89%		1.40%
% of 30 plus days past due to total retained loans, Revolving loans converted to term loans	12.38%		12.56%
% of 30 plus days past due to total retained loans	1.94%		1.45%
% of 90 plus days past due to total retained loans, Revolving loans within the revolving period	0.92%		0.67%
% of 90 plus days past due to total retained loans, Revolving loans converted to term loans	4.20%		4.52%
% of 90 plus days past due to total retained loans	0.94%		0.68%
Gross charge-offs originated within the revolving period	$ 3,737
Gross charge-offs originated converted to term loans	115
Total gross charge-offs	3,852
Credit card \| Current and less than 30 days past due and still accruing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving loans within the revolving period	192,295		$ 181,793
Revolving loans converted to term loans	814		696
Total retained loans	193,109		182,489
Credit card \| 30–89 days past due and still accruing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving loans within the revolving period	1,901		1,356
Revolving loans converted to term loans	76		64
Total retained loans	1,977		1,420
Credit card \| 90 or more days past due and still accruing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving loans within the revolving period	1,810		1,230
Revolving loans converted to term loans	39		36
Total retained loans	$ 1,849		$ 1,266

Loans - Wholesale Loan Portfolio, Financial Effect and Payment Status of FDMs (Details) - Wholesale - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Secured by real estate
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 60	$ 125
Secured by real estate \| Criticized nonaccrual
Financing Receivable, Modified [Line Items]
Amortized cost basis	0	8
Secured by real estate \| Current and less than 30 days past due and still accruing
Financing Receivable, Modified [Line Items]
Amortized cost basis	60	117
Secured by real estate \| 30–89 days past due and still accruing
Financing Receivable, Modified [Line Items]
Amortized cost basis	0	0
Secured by real estate \| 90 or more days past due and still accruing
Financing Receivable, Modified [Line Items]
Amortized cost basis	0	0
Secured by real estate \| Interest rate reduction
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 0	$ 5
% of loan modifications to total retained credit card loans	0.00%	0.00%
Weighted-average contractual interest rate reduction		3.50%
Secured by real estate \| Term extension
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 60	$ 112
% of loan modifications to total retained credit card loans	0.04%	0.07%
Weighted-average term loan extensions	14 months	13 months
Secured by real estate \| Other-than-insignificant payment delay
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 0	$ 2
% of loan modifications to total retained credit card loans	0.00%	0.00%
Secured by real estate \| Interest rate reduction and term extension
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 0	$ 1
% of loan modifications to total retained credit card loans	0.00%	0.00%
Weighted-average contractual interest rate reduction		2.71%
Weighted-average term loan extensions		9 months
Secured by real estate \| Other-than-insignificant payment delay and interest rate reduction
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 0	$ 5
% of loan modifications to total retained credit card loans	0.00%	0.00%
Weighted-average contractual interest rate reduction		1.84%
Commercial and industrial
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 715	$ 1,028
Commercial and industrial \| Criticized nonaccrual
Financing Receivable, Modified [Line Items]
Amortized cost basis	201	315
Commercial and industrial \| Current and less than 30 days past due and still accruing
Financing Receivable, Modified [Line Items]
Amortized cost basis	504	703
Commercial and industrial \| 30–89 days past due and still accruing
Financing Receivable, Modified [Line Items]
Amortized cost basis	0	0
Commercial and industrial \| 90 or more days past due and still accruing
Financing Receivable, Modified [Line Items]
Amortized cost basis	10	10
Commercial and industrial \| Term extension
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 372	$ 669
% of loan modifications to total retained credit card loans	0.22%	0.40%
Weighted-average term loan extensions	21 months	19 months
Commercial and industrial \| Other-than-insignificant payment delay
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 309	$ 310
% of loan modifications to total retained credit card loans	0.19%	0.19%
Commercial and industrial \| Other-than-insignificant payment delay and term extension
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 32	$ 32
% of loan modifications to total retained credit card loans	0.02%	0.02%
Weighted-average term loan extensions	6 months	6 months
Commercial and industrial \| Other-than-insignificant payment delay and interest rate reduction and term extension
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 2	$ 2
% of loan modifications to total retained credit card loans	0.00%	0.00%
Weighted-average contractual interest rate reduction	0.75%	0.75%
Weighted-average term loan extensions	31 months	31 months
Commercial and industrial \| Term extension and principal forgiveness
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 0	$ 14
% of loan modifications to total retained credit card loans	0.00%	0.01%
Weighted-average term loan extensions		73 months
Reduction in amortized cost basis		$ 23
Commercial and industrial \| Interest rate reduction and term extension
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 0	$ 1
% of loan modifications to total retained credit card loans	0.00%	0.00%
Weighted-average contractual interest rate reduction		1.36%
Weighted-average term loan extensions		18 months
Other
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 595	$ 837
Other \| Criticized nonaccrual
Financing Receivable, Modified [Line Items]
Amortized cost basis	551	561
Other \| Current and less than 30 days past due and still accruing
Financing Receivable, Modified [Line Items]
Amortized cost basis	16	248
Other \| 30–89 days past due and still accruing
Financing Receivable, Modified [Line Items]
Amortized cost basis	28	28
Other \| 90 or more days past due and still accruing
Financing Receivable, Modified [Line Items]
Amortized cost basis	0	0
Other \| Interest rate reduction
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 0	$ 9
% of loan modifications to total retained credit card loans	0.00%	0.00%
Weighted-average contractual interest rate reduction		6.54%
Other \| Term extension
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 100	$ 100
% of loan modifications to total retained credit card loans	0.03%	0.03%
Weighted-average term loan extensions	27 months	30 months
Other \| Other-than-insignificant payment delay and term extension
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 0	$ 233
% of loan modifications to total retained credit card loans	0.00%	0.07%
Weighted-average term loan extensions		144 months
Other \| Interest rate reduction and term extension
Financing Receivable, Modified [Line Items]
Amortized cost basis	$ 495	$ 495
% of loan modifications to total retained credit card loans	0.14%	0.14%
Weighted-average contractual interest rate reduction	17.08%	17.08%
Weighted-average term loan extensions	7 months	7 months

Preferred Stock

9 Months Ended

Sep. 30, 2023

Stockholders' Equity Note [Abstract]

Preferred Stock

Preferred stock

Refer to Note 21 of JPMorgan Chase’s 2022 Form 10-K for a further discussion on preferred stock.


	Shares(a)		Carrying value (in millions)					Contractual rate in effect at September 30, 2023		Earliest redemption date(b)	Floating annualized rate(c)		Dividend declared per share
	September 30, 2023	December 31, 2022	September 30, 2023		December 31, 2022		Issue date						Three months ended September 30,				Nine months ended September 30,
													2023		2022		2023	2022
Fixed-rate:



Series DD	169,625	169,625	$	1,696	$	1,696	9/21/2018	5.750	%	12/1/2023	NA		$	143.75	$	143.75	$431.25	$431.25
Series EE	185,000	185,000	1,850		1,850		1/24/2019	6.000		3/1/2024	NA		150.00		150.00		450.00	450.00
Series GG	90,000	90,000	900		900		11/7/2019	4.750		12/1/2024	NA		118.75		118.75		356.25	356.25
Series JJ	150,000	150,000	1,500		1,500		3/17/2021	4.550		6/1/2026	NA		113.75		113.75		341.25	341.25
Series LL	185,000	185,000	1,850		1,850		5/20/2021	4.625		6/1/2026	NA		115.63		115.63		346.89	346.89
Series MM	200,000	200,000	2,000		2,000		7/29/2021	4.200		9/1/2026	NA		105.00		105.00		315.00	315.00
Fixed-to-floating-rate:
Series I	—	—	$	—	$	—	4/23/2008	—	%	4/30/2018	—	%	$	—	$	163.87	$—	$375.03
Series Q	150,000	150,000	1,500		1,500		4/23/2013	SOFR + 3.25		5/1/2023	SOFR + 3.25		227.02		128.75		574.25	386.25	(d)
Series R	150,000	150,000	1,500		1,500		7/29/2013	SOFR + 3.30		8/1/2023	SOFR + 3.30		228.30		150.00		528.30	450.00	(e)
Series S	200,000	200,000	2,000		2,000		1/22/2014	6.750		2/1/2024	SOFR + 3.78		168.75		168.75		506.25	506.25
Series U	100,000	100,000	1,000		1,000		3/10/2014	6.125		4/30/2024	SOFR + 3.33		153.13		153.13		459.38	459.38
Series V	—	—	—		—		6/9/2014	—		7/1/2019	—		—		146.15		—	340.91
Series X	160,000	160,000	1,600		1,600		9/23/2014	6.100		10/1/2024	SOFR + 3.33		152.50		152.50		457.50	457.50
Series Z	—	—	—		—		4/21/2015	—		5/1/2020	—		—		—		—	—
Series CC	125,750	125,750	1,258		1,258		10/20/2017	SOFR + 2.58		11/1/2022	SOFR + 2.58		209.90		115.63		594.05	346.88	(f)
Series FF	225,000	225,000	2,250		2,250		7/31/2019	5.000		8/1/2024	SOFR + 3.38		125.00		125.00		375.00	375.00
Series HH	300,000	300,000	3,000		3,000		1/23/2020	4.600		2/1/2025	SOFR + 3.125		115.00		115.00		345.00	345.00
Series II	150,000	150,000	1,500		1,500		2/24/2020	4.000		4/1/2025	SOFR + 2.745		100.00		100.00		300.00	300.00
Series KK	200,000	200,000	2,000		2,000		5/12/2021	3.650		6/1/2026	CMT + 2.85		91.25		91.25		273.75	273.75
Total preferred stock	2,740,375	2,740,375	$	27,404	$	27,404

(a)Represented by depositary shares.

(b)Each series of fixed-to-floating rate preferred stock converts to a floating rate at the earliest redemption date.

Each series of preferred stock has a liquidation value and redemption price per share of $10,000, plus accrued but unpaid dividends. The aggregate liquidation value was $27.7 billion at September 30, 2023.

Redemptions

On October 31, 2022, the Firm redeemed all $2.9 billion of its fixed to floating rate non-cumulative perpetual preferred stock, Series I.

On October 3, 2022, the Firm redeemed all $2.5 billion of its fixed-to-floating rate non-cumulative preferred stock, Series V.

On February 1, 2022, the Firm redeemed all $2.0 billion of its fixed-to-floating rate non-cumulative preferred stock, Series Z.

Loans - Wholesale Loan Portfolio, Internal Risk Ratings (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 1,265,941	$ 1,068,073	$ 1,089,598
Loans by origination year
Total retained loans	1,265,941	1,068,073	1,089,598
Gross charge-offs by origination year
Total gross charge-offs	5,096	3,116
Wholesale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 671,952	596,208	$ 603,670
% of investment-grade to total retained loans	69.01%		70.47%
% of total criticized to total retained loans	3.07%		2.60%
% of criticized nonaccrual to total retained loans	0.43%		0.33%
Loans by origination year
Total retained loans	$ 671,952	596,208	$ 603,670
Gross charge-offs by origination year
Total gross charge-offs	435	$ 232
Wholesale \| First Republic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	53,800
Loans by origination year
Total retained loans	53,800
Wholesale \| Investment-grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	463,711		425,412
Loans by origination year
Total retained loans	463,711		425,412
Wholesale \| Total noninvestment-grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	208,241		178,258
Loans by origination year
Total retained loans	208,241		178,258
Wholesale \| Noncriticized
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	187,640		162,553
Loans by origination year
Total retained loans	187,640		162,553
Wholesale \| Criticized performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	17,694		13,742
Loans by origination year
Total retained loans	17,694		13,742
Wholesale \| Criticized nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	2,907		1,963
Loans by origination year
Total retained loans	2,907		1,963
Wholesale \| Secured by real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 161,877		$ 126,732
% of investment-grade to total retained loans	76.88%		78.55%
% of total criticized to total retained loans	3.44%		3.08%
% of criticized nonaccrual to total retained loans	0.30%		0.19%
Loans by origination year
Term loans originated in 2023/2022	$ 12,032		$ 30,206
Term loans originated in 2022/2021	41,402		28,009
Term loans originated in 2021/2020	34,021		17,805
Term loans originated in 2020/2019	21,093		18,164
Term loans originated in 2019/2018	20,132		7,672
Term loans originated prior to 2019/2018	30,718		22,948
Revolving loans within the revolving period	2,478		1,926
Revolving loans converted to term loans	1		2
Total retained loans	161,877		126,732
Gross charge-offs by origination year
Gross charge-offs originated in 2023	0
Gross charge-offs originated in 2022	35
Gross charge-offs originated in 2021	22
Gross charge-offs originated in 2020	0
Gross charge-offs originated in 2019	17
Gross charge-offs originated prior to 2019	63
Gross charge-offs originated within the revolving period	0
Gross charge-offs originated converted to term loans	1
Total gross charge-offs	138
Wholesale \| Secured by real estate \| First Republic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	33,900
Loans by origination year
Term loans originated in 2023/2022	3,100
Term loans originated in 2022/2021	11,100
Term loans originated in 2021/2020	6,300
Term loans originated in 2020/2019	4,400
Term loans originated in 2019/2018	2,900
Term loans originated prior to 2019/2018	5,300
Revolving loans within the revolving period	832
Total retained loans	33,900
Wholesale \| Secured by real estate \| Investment-grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	124,446		99,552
Loans by origination year
Term loans originated in 2023/2022	8,379		24,134
Term loans originated in 2022/2021	30,591		22,407
Term loans originated in 2021/2020	26,874		14,773
Term loans originated in 2020/2019	17,585		14,666
Term loans originated in 2019/2018	16,523		5,277
Term loans originated prior to 2019/2018	23,111		17,289
Revolving loans within the revolving period	1,383		1,006
Revolving loans converted to term loans	0		0
Total retained loans	124,446		99,552
Wholesale \| Secured by real estate \| Total noninvestment-grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	37,431		27,180
Loans by origination year
Term loans originated in 2023/2022	3,653		6,072
Term loans originated in 2022/2021	10,811		5,602
Term loans originated in 2021/2020	7,147		3,032
Term loans originated in 2020/2019	3,508		3,498
Term loans originated in 2019/2018	3,609		2,395
Term loans originated prior to 2019/2018	7,607		5,659
Revolving loans within the revolving period	1,095		920
Revolving loans converted to term loans	1		2
Total retained loans	37,431		27,180
Wholesale \| Secured by real estate \| Noncriticized
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	31,870		23,272
Loans by origination year
Total retained loans	31,870		23,272
Wholesale \| Secured by real estate \| Criticized performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	5,071		3,662
Loans by origination year
Total retained loans	5,071		3,662
Wholesale \| Secured by real estate \| Criticized nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 490		$ 246
% of criticized nonaccrual to total retained loans	0.30%		0.19%
Loans by origination year
Total retained loans	$ 490		$ 246
Wholesale \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 166,177		$ 167,660
% of investment-grade to total retained loans	42.90%		45.49%
% of total criticized to total retained loans	7.77%		5.96%
% of criticized nonaccrual to total retained loans	0.79%		0.61%
Loans by origination year
Term loans originated in 2023/2022	$ 25,726		$ 45,160
Term loans originated in 2022/2021	29,186		20,782
Term loans originated in 2021/2020	15,313		6,504
Term loans originated in 2020/2019	4,918		4,501
Term loans originated in 2019/2018	2,742		1,273
Term loans originated prior to 2019/2018	2,469		2,003
Revolving loans within the revolving period	85,737		87,354
Revolving loans converted to term loans	86		83
Total retained loans	166,177		167,660
Gross charge-offs by origination year
Gross charge-offs originated in 2023	1
Gross charge-offs originated in 2022	7
Gross charge-offs originated in 2021	23
Gross charge-offs originated in 2020	1
Gross charge-offs originated in 2019	2
Gross charge-offs originated prior to 2019	8
Gross charge-offs originated within the revolving period	220
Gross charge-offs originated converted to term loans	7
Total gross charge-offs	269
Wholesale \| Commercial and industrial \| First Republic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	2,900
Loans by origination year
Term loans originated in 2023/2022	210
Term loans originated in 2022/2021	609
Term loans originated in 2021/2020	369
Term loans originated in 2020/2019	223
Term loans originated in 2019/2018	65
Term loans originated prior to 2019/2018	175
Revolving loans within the revolving period	1,300
Total retained loans	2,900
Wholesale \| Commercial and industrial \| Investment-grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	71,287		76,275
Loans by origination year
Term loans originated in 2023/2022	12,399		21,072
Term loans originated in 2022/2021	11,455		8,338
Term loans originated in 2021/2020	4,659		3,045
Term loans originated in 2020/2019	2,378		1,995
Term loans originated in 2019/2018	1,264		748
Term loans originated prior to 2019/2018	1,074		989
Revolving loans within the revolving period	38,057		40,087
Revolving loans converted to term loans	1		1
Total retained loans	71,287		76,275
Wholesale \| Commercial and industrial \| Total noninvestment-grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	94,890		91,385
Loans by origination year
Term loans originated in 2023/2022	13,327		24,088
Term loans originated in 2022/2021	17,731		12,444
Term loans originated in 2021/2020	10,654		3,459
Term loans originated in 2020/2019	2,540		2,506
Term loans originated in 2019/2018	1,478		525
Term loans originated prior to 2019/2018	1,395		1,014
Revolving loans within the revolving period	47,680		47,267
Revolving loans converted to term loans	85		82
Total retained loans	94,890		91,385
Wholesale \| Commercial and industrial \| Noncriticized
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	81,984		81,393
Loans by origination year
Total retained loans	81,984		81,393
Wholesale \| Commercial and industrial \| Criticized performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	11,586		8,974
Loans by origination year
Total retained loans	11,586		8,974
Wholesale \| Commercial and industrial \| Criticized nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	1,320		1,018
Loans by origination year
Total retained loans	1,320		1,018
Wholesale \| Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 343,898		$ 309,278
% of investment-grade to total retained loans	77.92%		80.70%
% of total criticized to total retained loans	0.62%		0.58%
% of criticized nonaccrual to total retained loans	0.32%		0.23%
Loans by origination year
Term loans originated in 2023/2022	$ 43,285		$ 48,950
Term loans originated in 2022/2021	31,076		22,960
Term loans originated in 2021/2020	17,304		14,836
Term loans originated in 2020/2019	13,107		5,228
Term loans originated in 2019/2018	4,402		2,610
Term loans originated prior to 2019/2018	9,317		7,726
Revolving loans within the revolving period	223,201		203,289
Revolving loans converted to term loans	2,206		3,679
Total retained loans	343,898		309,278
Gross charge-offs by origination year
Gross charge-offs originated in 2023	1
Gross charge-offs originated in 2022	8
Gross charge-offs originated in 2021	9
Gross charge-offs originated in 2020	6
Gross charge-offs originated in 2019	0
Gross charge-offs originated prior to 2019	1
Gross charge-offs originated within the revolving period	3
Gross charge-offs originated converted to term loans	0
Total gross charge-offs	28
Wholesale \| Other \| First Republic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	17,000
Loans by origination year
Term loans originated in 2023/2022	176
Term loans originated in 2022/2021	766
Term loans originated in 2021/2020	763
Term loans originated in 2020/2019	1,000
Term loans originated in 2019/2018	174
Term loans originated prior to 2019/2018	1,300
Revolving loans within the revolving period	12,800
Revolving loans converted to term loans	67
Total retained loans	17,000
Wholesale \| Other \| Investment-grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	267,978		249,585
Loans by origination year
Term loans originated in 2023/2022	33,905		32,121
Term loans originated in 2022/2021	19,379		15,864
Term loans originated in 2021/2020	10,824		13,015
Term loans originated in 2020/2019	10,701		4,529
Term loans originated in 2019/2018	3,751		2,159
Term loans originated prior to 2019/2018	7,143		7,251
Revolving loans within the revolving period	180,152		171,049
Revolving loans converted to term loans	2,123		3,597
Total retained loans	267,978		249,585
Wholesale \| Other \| Total noninvestment-grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	75,920		59,693
Loans by origination year
Term loans originated in 2023/2022	9,380		16,829
Term loans originated in 2022/2021	11,697		7,096
Term loans originated in 2021/2020	6,480		1,821
Term loans originated in 2020/2019	2,406		699
Term loans originated in 2019/2018	651		451
Term loans originated prior to 2019/2018	2,174		475
Revolving loans within the revolving period	43,049		32,240
Revolving loans converted to term loans	83		82
Total retained loans	75,920		59,693
Wholesale \| Other \| Noncriticized
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	73,786		57,888
Loans by origination year
Total retained loans	73,786		57,888
Wholesale \| Other \| Criticized performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	1,037		1,106
Loans by origination year
Total retained loans	1,037		1,106
Wholesale \| Other \| Criticized nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	1,097		699
Loans by origination year
Total retained loans	$ 1,097		$ 699

Investment Securities - Narrative (Details) - USD ($) $ in Millions		12 Months Ended
	Jan. 01, 2023	Dec. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Schedule of Held-to-maturity Securities [Line Items]
Amount of investment securities transferred from AFS to HTM for capital management purposes		$ 78,300
Approximate percentage rated at least AA+		98.00%	99.00%
Investment securities, allowance for credit losses		$ 96	$ 117	$ 61
Unrealized gains/(losses) on investment securities
Schedule of Held-to-maturity Securities [Line Items]
Pretax unrealized losses included in AOCI on the securities at the date of transfer		$ 4,800
Obligations of U.S. states and municipalities \| Accounting Standards Update 2022-01
Schedule of Held-to-maturity Securities [Line Items]
Amount of investment securities transferred from HTM to AFS	$ 7,100
Pre-tax unrealized losses recognized within AOCI for transfer of securities from HTM to AFS	$ 38

Interest Income and Interest Expense (Tables)

9 Months Ended

Sep. 30, 2023

Interest Income (Expense), Net [Abstract]

Details of interest income and interest expense

The following table presents the components of interest income and interest expense.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Interest income
Loans(a)	$	22,311	$	13,985	$	60,325	$	36,244
Taxable securities	4,513		2,696		12,674		6,964
Non-taxable securities(b)	360		236		951		726
Total investment securities(a)	4,873		2,932		13,625		7,690
Trading assets - debt instruments	4,164		2,390		11,823		6,206
Federal funds sold and securities purchased under resale agreements	3,951		1,413		10,849		2,353
Securities borrowed	2,085		772		5,667		858
Deposits with banks	5,270		3,015		15,278		4,332
All other interest-earning assets(c)	1,902		1,104		5,637		2,070
Total interest income	$	44,556	$	25,611	$	123,204	$	59,753
Interest expense
Interest-bearing deposits	$	10,796	$	3,159	$	28,024	$	4,239
Federal funds purchased and securities loaned or sold under repurchase agreements	3,523		1,194		9,727		1,752
Short-term borrowings(d)	512		228		1,361		385
Trading liabilities – debt and all other interest-bearing liabilities(e)	2,463		1,045		6,807		1,707
Long-term debt	4,239		2,405		11,428		5,042
Beneficial interest issued by consolidated VIEs	297		62		641		110
Total interest expense	$	21,830	$	8,093	$	57,988	$	13,235
Net interest income	$	22,726	$	17,518	$	65,216	$	46,518
Provision for credit losses	1,384		1,537		6,558		4,101
Net interest income after provision for credit losses	$	21,342	$	15,981	$	58,658	$	42,417

(a)Includes the amortization/accretion of unearned income (e.g., purchase premiums/discounts and net deferred fees/costs).

(b)Represents securities which are tax-exempt for U.S. federal income tax purposes.

(d)Includes commercial paper.

(e)All other interest-bearing liabilities includes interest expense on brokerage-related customer payables.

Earnings per Share

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Earnings per Share

Earnings per share

Refer to Note 23 of JPMorgan Chase’s 2022 Form 10-K for a discussion of the computation of basic and diluted earnings per share (“EPS”). The following table presents the calculation of basic and diluted EPS for the three and nine months ended September 30, 2023 and 2022.


(in millions, except per share amounts)	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Basic earnings per share
Net income	$	13,151	$	9,737	$	40,245	$	26,668
Less: Preferred stock dividends	386		432		1,115		1,239
Net income applicable to common equity	12,765		9,305		39,130		25,429
Less: Dividends and undistributed earnings allocated to participating securities	80		50		241		134
Net income applicable to common stockholders	$	12,685	$	9,255	$	38,889	$	25,295

Total weighted-average basic shares outstanding	2,927.5		2,961.2		2,946.6		2,966.8
Net income per share	$	4.33	$	3.13	$	13.20	$	8.53

Diluted earnings per share
Net income applicable to common stockholders	$	12,685	$	9,255	$	38,889	$	25,295
Total weighted-average basic shares outstanding	2,927.5		2,961.2		2,946.6		2,966.8
Add: Dilutive impact of unvested PSUs, nondividend-earning RSUs and SARs	4.6		4.2		4.4		4.1
Total weighted-average diluted shares outstanding	2,932.1		2,965.4		2,951.0		2,970.9
Net income per share	$	4.33	$	3.12	$	13.18	$	8.51

Pension and Other Postretirement Employee Benefit Plans - Net Periodic Benefit Costs and Fair Value of Plan Assets (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Retirement Benefits [Abstract]
Total net periodic defined benefit plan cost/(credit)	$ (104)	$ (11)	$ (292)	$ (150)
Total defined contribution plans	403	353	1,165	1,054
Total pension and OPEB cost included in noninterest expense	$ 299	342	$ 873	904
Pension
Defined Benefit Plan Disclosure [Line Items]
Settlement loss		$ 58		$ 58

Goodwill and Mortgage Servicing Rights (Tables)

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill attributed to the business segments and corporate

The following table presents goodwill attributed to the reportable business segments and Corporate.


(in millions)	September 30, 2023		December 31, 2022
Consumer & Community Banking	$	32,116	$	32,121
Corporate & Investment Bank	8,244		8,008
Commercial Banking	2,985		2,985
Asset & Wealth Management	8,492		7,902
Corporate	655		646
Total goodwill	$	52,492	$	51,662

The following table presents changes in the carrying amount of goodwill.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Balance at beginning of period	$	52,380	$	50,697	$	51,662	$	50,315
Changes during the period from:
Business combinations(a)	166		882		853		1,352
Other(b)	(54)		(118)		(23)		(206)
Balance at September 30,	$	52,492	$	51,461	$	52,492	$	51,461

(b)Predominantly foreign currency adjustments.

Mortgage servicing rights activity

The following table summarizes MSR activity for the three and nine months ended September 30, 2023 and 2022.


	As of or for the three months ended September 30,				As of or for the nine months ended September 30,
(in millions, except where otherwise noted)	2023		2022		2023		2022
Fair value at beginning of period	$	8,229	$	7,439	$	7,973	$	5,494
MSR activity:
Originations of MSRs	81		140		191		736
Purchase of MSRs(a)	569		370		1,036		1,245
Disposition of MSRs(b)	(101)		(79)		(191)		(750)
Net additions/(dispositions)	549		431		1,036		1,231
Changes due to collection/realization of expected cash flows	(265)		(234)		(760)		(702)
Changes in valuation due to inputs and assumptions:
Changes due to market interest rates and other(c)	555		465		816		2,012
Changes in valuation due to other inputs and assumptions:
Projected cash flows (e.g., cost to service)	(26)		36		(24)		36
Discount rates	14		—		14		—
Prepayment model changes and other(d)	53		3		54		69
Total changes in valuation due to other inputs and assumptions	41		39		44		105
Total changes in valuation due to inputs and assumptions	596		504		860		2,117
Fair value at September 30,	$	9,109	$	8,140	$	9,109	$	8,140
Changes in unrealized gains/(losses) included in income related to MSRs held at September 30,	$	596	$	504	$	860	$	2,117
Contractual service fees, late fees and other ancillary fees included in income	409		391		1,185		1,156
Third-party mortgage loans serviced at September 30, (in billions)	639		587		639		587
Servicer advances, net of an allowance for uncollectible amounts, at September 30(e)	557		786		557		786

(c)Represents both the impact of changes in estimated future prepayments due to changes in market interest rates, and the difference between actual and expected prepayments.

(d)Represents changes in prepayments other than those attributable to changes in market interest rates.

Mortgage fees and related income


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
CCB mortgage fees and related income
Production revenue	$	162	$	93	$	339	$	454

Net mortgage servicing revenue:
Operating revenue:
Loan servicing revenue	409		400		1,211		1,203
Changes in MSR asset fair value due to collection/realization of expected cash flows	(265)		(234)		(760)		(702)
Total operating revenue	144		166		451		501
Risk management:
Changes in MSR asset fair value due to market interest rates and other(a)	555		465		816		2,012
Other changes in MSR asset fair value due to other inputs and assumptions in model(b)	41		39		44		105
Changes in derivative fair value and other	(485)		(450)		(736)		(1,926)
Total risk management	111		54		124		191
Total net mortgage servicing revenue	255		220		575		692
Total CCB mortgage fees and related income	417		313		914		1,146
All other	(3)		1		(1)		6
Mortgage fees and related income	$	414	$	314	$	913	$	1,152

(a)Represents both the impact of changes in estimated future prepayments due to changes in market interest rates, and the difference between actual and expected prepayments.

Key economic assumptions used to determine FV of MSRs


(in millions, except rates)	Sep 30, 2023			Dec 31, 2022
Weighted-average prepayment speed assumption (constant prepayment rate)	5.80		%	6.12		%
Impact on fair value of 10% adverse change	$	(198)		$	(183)
Impact on fair value of 20% adverse change	(387)			(356)
Weighted-average option adjusted spread(a)	5.85		%	5.77		%
Impact on fair value of a 100 basis point adverse change	$	(394)		$	(341)
Impact on fair value of a 200 basis point adverse change	(758)			(655)

(a)Includes the impact of operational risk and regulatory capital.

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Business Combinations

9 Months Ended

Sep. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Business Combinations

Business combinations

On May 1, 2023, JPMorgan Chase acquired certain assets and assumed certain liabilities of First Republic Bank (the "First Republic acquisition") from the Federal Deposit Insurance Corporation (“FDIC”), as receiver. The Firm believes that the First Republic acquisition is complementary to the Firm's existing franchises. The acquisition resulted in an estimated bargain purchase gain, which represents the excess of the estimated fair value of the net assets acquired above the purchase price.

The Firm has determined that this acquisition constitutes a business combination under U.S. GAAP. Accordingly, the initial recognition of the assets acquired and liabilities assumed were generally measured at their estimated fair values as of May 1, 2023. The determination of those fair values required management to make certain market-based assumptions about expected future cash flows, discount rates and other valuation inputs at the time of the acquisition. The Firm believes that the fair value estimates of the assets acquired and liabilities assumed provide a reasonable basis for determining the estimated bargain purchase gain.

The Firm and the FDIC have not yet completed the settlement process under which the purchase price, and the identification of the assets acquired and liabilities assumed, will be finalized. The finalization of this settlement process may impact the amount of the estimated bargain purchase gain. The purchase and assumption agreement entered into with the FDIC allows for final settlement to occur up to a year after the acquisition date.

In addition, the purchase price and the estimated bargain purchase gain could change pending management's finalization of its acquisition date fair value estimates for certain of the assets acquired and liabilities assumed (such as loans and commitments, intangible assets and leases), which may take place up to one year from the acquisition date, as permitted by U.S. GAAP.

The First Republic acquisition resulted in a preliminary estimated bargain purchase gain of $2.7 billion. The Firm continues to progress in the settlement process with the FDIC and refine its acquisition-date fair value estimates. As a result, during the three months ended September 30, 2023, adjustments were made to the fair value of the net assets acquired, increasing the estimated bargain purchase gain by $100 million to $2.8 billion for the nine months ended September 30, 2023.

In connection with the First Republic acquisition, the Firm and the FDIC entered into two shared-loss agreements with respect to certain loans and lending-related commitments (the "shared-loss assets"): the Commercial Shared-Loss Agreement ("CSLA") and the Single-Family Shared-Loss Agreement (“SFSLA”). The CSLA covers 80% of credit losses, on a pari passu basis, over 5 years with a subsequent 3-year recovery period for certain acquired commercial loans and other real estate exposure. The SFSLA covers 80% of credit losses, on a pari passu basis,

for 7 years for certain acquired loans secured by mortgages on real property or shares in cooperative property constituting a primary residence. The indemnification assets, which represent the fair value of the CSLA and SFSLA on the acquisition date, are reflected in the total assets acquired.

As part of the consideration paid, JPMorgan Chase issued a five-year, $50 billion secured note to the FDIC (the "Purchase Money Note"). The Purchase Money Note bears interest at a fixed rate of 3.4% and is secured by certain of the acquired loans. The Purchase Money Note is prepayable upon notice to the holder.

The Firm had placed a $5 billion deposit with First Republic Bank on March 16, 2023, as part of $30 billion of deposits provided by a consortium of large U.S. banks. The Firm's $5 billion deposit was effectively settled as part of the acquisition and the associated allowance for credit losses was released upon closing. The Firm subsequently repaid the remaining $25 billion of deposits to the consortium of banks, including accrued interest through the payment date on May 9, 2023.


	Fair value purchase price allocation as of May 1, 2023
(in millions)
Purchase price consideration
Amounts paid/due to the FDIC, net of cash acquired(a)	$	13,524
Purchase Money Note (at fair value)	48,848
Settlement of First Republic deposit and other related party transactions(b)	5,447
Contingent consideration - Shared-loss agreements	15
Purchase price consideration	$	67,834

Assets
Securities	$	30,285
Loans	152,482
Core deposit and customer relationship intangibles	1,455
Indemnification assets - Shared-loss agreements	675
Accounts receivable and other assets(c)	7,475
Total assets acquired	$	192,372

Liabilities
Deposits	$	87,572
FHLB advances	27,919
Lending-related commitments	2,589
Accounts payable and other liabilities(c)	2,758
Deferred tax liabilities	888
Total liabilities assumed	$	121,726

Fair value of net assets acquired	$	70,646
Estimated gain on acquisition, after income taxes	$	2,812

(a)Includes $10.6 billion of cash paid to the FDIC at acquisition and $3.6 billion payable to the FDIC, less cash acquired of $680 million.

(b)Includes $447 million of securities financing transactions with First Republic Bank that were effectively settled on the acquisition date.

The issuance of the $50 billion Purchase Money Note, the effective settlement of the Firm's $5 billion deposit and $447 million of securities financing with First Republic Bank, and the $3.6 billion payable to the FDIC as part of the purchase price consideration are considered non-cash transactions.

The following describes the accounting policies and fair value methodologies generally used by the Firm for the following assets acquired and liabilities assumed: core deposit and customer relationship intangibles, shared-loss agreements and the related indemnification assets, Purchase Money Note, and FHLB advances.

Refer to JPMorgan Chase’s 2022 Form 10-K for a discussion of the Firm’s accounting policies and valuation methodologies for securities, loans, deposits, and lending-related commitments.

Core deposit and customer relationship intangibles

Core deposit and certain wealth management customer relationship intangibles were acquired as part of the First Republic acquisition. The core deposit intangible of $1.3 billion was valued by discounting estimated after-tax cost savings over the remaining useful life of the deposits using the favorable source of funds method. The after-tax cost savings were estimated based on the difference between the cost of maintaining the core deposit base relative to the cost of next best alternative funding sources available to market participants. The customer relationship intangibles of $180 million were valued by discounting estimated after-tax earnings over their remaining useful lives using the multi-period excess earnings method. Both intangible asset valuations utilized assumptions that the Firm believes a market participant would use to estimate fair values, such

as growth and attrition rates, projected fee income as well as related costs to service the relationships, and discount rates. The core deposit and customer relationship intangibles will be amortized over a projected period of future cash flows of approximately 7 years. As of September 30, 2023, the carrying values of the core deposit and customer relationship intangibles were $1.2 billion and $169 million, respectively, reflecting accumulated amortization of approximately $76 million and $11 million, respectively.

Indemnification assets - Shared-loss agreements

The indemnification assets represent forecasted recoveries from the FDIC associated with the shared-loss assets over the respective shared-loss recovery periods. The indemnification assets were recorded at fair value in other assets on the Consolidated balance sheets on the

acquisition date. The fair values of the indemnification assets were estimated based on the timing of the forecasted losses underlying the related allowance for credit losses. The subsequent quarterly remeasurement of the indemnification assets is based on changes in the amount and timing of forecasted losses in the allowance for credit losses associated with the shared-loss assets and is recorded in other income. Under certain circumstances, the Firm may be required to make a payment to the FDIC upon termination of the shared-loss agreements based on the level of actual losses and recoveries on the shared-loss assets. The estimated potential future payment is reflected as contingent consideration as part of the purchase price consideration.

Purchase Money Note and FHLB advances

The Purchase Money Note is recorded in long-term debt on the Consolidated balance sheets. The fair value of the Purchase Money Note was estimated based on a discounted cash flow methodology and incorporated estimated market discount rates.

The FHLB advances assumed in the acquisition are recorded in short-term borrowings and in long-term debt. The fair values of the FHLB advances were based on a discounted cash flow methodology and considered the observed FHLB advance issuance rates.

Loans



	May 1, 2023
(in millions)	UPB		Fair value
Residential real estate	$	106,240	$	92,053
Auto and other	3,093		2,032
Total consumer	109,333		94,085
Secured by real estate	37,117		33,602
Commercial & industrial	4,332		3,932
Other	22,599		20,863
Total wholesale	64,048		58,397
Total loans	$	173,381	$	152,482

Unaudited pro forma condensed combined financial information

Included in the Firm's Consolidated statements of income are noninterest revenue, net interest income and net income contributed by First Republic of $761 million, $1.5 billion and $1.1 billion, respectively, for the three months ended September 30, 2023 and $3.9 billion, $2.4 billion and $3.5 billion, respectively, for the nine months ended September 30, 2023.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Noninterest revenue	$	16,820	$	15,655	$	51,480	$	51,857
Net interest income	22,726		18,648		66,808		49,618
Net income	12,902		10,354		39,500		29,533

Restricted Cash and Other Restricted Assets (Tables)

9 Months Ended

Sep. 30, 2023

Cash and Cash Equivalents [Abstract]

Components of restricted cash

The following table presents the components of the Firm’s restricted cash:


(in billions)	September 30, 2023		December 31, 2022
Segregated for the benefit of securities and cleared derivative customers	$	14.6	$	18.7
Cash reserves at non-U.S. central banks and held for other general purposes	8.6		8.1
Total restricted cash(a)	$	23.2	$	26.8

Business Segments (Details)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2023

USD ($)

Sep. 30, 2022

USD ($)

Sep. 30, 2023

USD ($)

segment

Sep. 30, 2022

USD ($)

Dec. 31, 2022

USD ($)

^[1]

Segment Reporting Information [Line Items]

Number of reportable segments | segment

Noninterest revenue

$ 17,148

$ 15,198

$ 54,314

$ 47,630

Net interest income

22,726

17,518

65,216

46,518

Total net revenue

39,874

32,716

119,530

94,148

Provision for credit losses

1,384

1,537

6,558

4,101

Noninterest expense

21,757

19,178

62,686

57,118

Income/(loss) before income tax expense/(benefit)

16,733

12,001

50,286

32,929

Income tax expense/(benefit)

3,582

2,264

10,041

6,261

Net income/(loss)

13,151

9,737

40,245

26,668

Average equity

284,798

252,944

278,010

251,147

Total assets

$ 3,898,333

^[1]

$ 3,773,884

$ 3,898,333

^[1]

$ 3,773,884

$ 3,665,743

ROE

18.00%

15.00%

19.00%

14.00%

Overhead ratio

55.00%

59.00%

52.00%

61.00%

Operating Segments | Consumer & Community Banking

Segment Reporting Information [Line Items]

Noninterest revenue

$ 3,982

$ 3,712

$ 11,148

$ 11,417

Net interest income

14,380

10,569

40,903

27,604

Total net revenue

18,362

14,281

52,051

39,021

Provision for credit losses

1,446

529

4,710

1,968

Noninterest expense

9,105

7,983

25,483

23,296

Income/(loss) before income tax expense/(benefit)

7,811

5,769

21,858

13,757

Income tax expense/(benefit)

1,916

1,425

5,414

3,397

Net income/(loss)

5,895

4,344

16,444

10,360

Average equity

55,500

50,000

53,962

50,000

Total assets

$ 626,196

$ 500,752

$ 626,196

$ 500,752

ROE

41.00%

34.00%

40.00%

27.00%

Overhead ratio

50.00%

56.00%

49.00%

60.00%

Operating Segments | Corporate & Investment Bank

Segment Reporting Information [Line Items]

Noninterest revenue

$ 9,870

$ 9,281

$ 32,195

$ 28,090

Net interest income

1,860

2,644

5,654

9,414

Total net revenue

11,730

11,925

37,849

37,504

Provision for credit losses

(185)

513

(89)

1,017

Noninterest expense

7,443

6,682

21,820

20,855

Income/(loss) before income tax expense/(benefit)

4,472

4,730

16,118

15,632

Income tax expense/(benefit)

1,380

1,208

4,513

4,021

Net income/(loss)

3,092

3,522

11,605

11,611

Average equity

108,000

103,000

108,000

103,000

Total assets

$ 1,446,231

$ 1,384,618

$ 1,446,231

$ 1,384,618

ROE

11.00%

13.00%

14.00%

Overhead ratio

63.00%

56.00%

58.00%

56.00%

Operating Segments | Commercial Banking

Segment Reporting Information [Line Items]

Noninterest revenue

$ 972

$ 836

$ 2,588

$ 2,607

Net interest income

3,059

2,212

8,942

5,522

Total net revenue

4,031

3,048

11,530

8,129

Provision for credit losses

618

1,604

984

Noninterest expense

1,375

1,180

3,983

3,465

Income/(loss) before income tax expense/(benefit)

2,566

1,250

5,943

3,680

Income tax expense/(benefit)

631

304

1,453

890

Net income/(loss)

1,935

946

4,490

2,790

Average equity

30,000

25,000

29,341

25,000

Total assets

$ 300,367

$ 247,485

$ 300,367

$ 247,485

ROE

25.00%

14.00%

20.00%

14.00%

Overhead ratio

34.00%

39.00%

35.00%

43.00%

Operating Segments | Asset & Wealth Management

Segment Reporting Information [Line Items]

Noninterest revenue

$ 3,431

$ 3,126

$ 10,122

$ 9,449

Net interest income

1,574

1,413

4,610

3,711

Total net revenue

5,005

4,539

14,732

13,160

Provision for credit losses

(13)

(102)

160

Noninterest expense

3,138

3,028

9,392

8,807

Income/(loss) before income tax expense/(benefit)

1,880

1,613

5,180

4,257

Income tax expense/(benefit)

463

394

1,170

1,026

Net income/(loss)

1,417

1,219

4,010

3,231

Average equity

17,000

16,560

17,000

Total assets

$ 249,866

$ 232,303

$ 249,866

$ 232,303

ROE

32.00%

28.00%

32.00%

25.00%

Overhead ratio

63.00%

67.00%

64.00%

67.00%

Corporate

Segment Reporting Information [Line Items]

Noninterest revenue

$ (425)

$ (1,094)

$ 800

$ (1,683)

Net interest income

1,983

792

5,461

580

Total net revenue

1,558

(302)

6,261

(1,103)

Provision for credit losses

(21)

173

Noninterest expense

696

305

2,008

695

Income/(loss) before income tax expense/(benefit)

816

(586)

4,080

(1,834)

Income tax expense/(benefit)

(292)

384

(510)

Net income/(loss)

812

(294)

3,696

(1,324)

Average equity

74,298

57,944

70,147

56,147

Total assets

1,275,673

1,408,726

1,275,673

1,408,726

Reconciling Items

Segment Reporting Information [Line Items]

Noninterest revenue

(682)

(663)

(2,539)

(2,250)

Net interest income

(130)

(112)

(354)

(313)

Total net revenue

(812)

(775)

(2,893)

(2,563)

Provision for credit losses

Noninterest expense

Income/(loss) before income tax expense/(benefit)

(812)

(775)

(2,893)

(2,563)

Income tax expense/(benefit)

(812)

(775)

(2,893)

(2,563)

Net income/(loss)

Average equity

$ 0

[1]


(in millions)	September 30, 2023		December 31, 2022
Assets
Trading assets	$	1,780	$	2,151
Loans	38,176		34,411
All other assets	593		550
Total assets	$	40,549	$	37,112
Liabilities
Beneficial interests issued by consolidated VIEs	$	24,896	$	12,610
All other liabilities	244		279
Total liabilities	$	25,140	$	12,889

Loans - Wholesale Loan Portfolio, Nonaccrual (Details) - Wholesale - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Financing Receivable, Nonaccrual [Line Items]
With an allowance	$ 1,864	$ 1,345
Without an allowance	1,043	618
Total nonaccrual loans	2,907	1,963
Secured by real estate
Financing Receivable, Nonaccrual [Line Items]
With an allowance	106	172
Without an allowance	384	74
Total nonaccrual loans	490	246
Commercial and industrial
Financing Receivable, Nonaccrual [Line Items]
With an allowance	885	686
Without an allowance	435	332
Total nonaccrual loans	1,320	1,018
Other
Financing Receivable, Nonaccrual [Line Items]
With an allowance	873	487
Without an allowance	224	212
Total nonaccrual loans	$ 1,097	$ 699

Variable Interest Entities - Schedule of Options to Repurchase Delinquent Loans (Details) - Nonconsolidated entities - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Loans repurchased or option to repurchase	$ 769	$ 839
Real estate acquired through foreclosure	8	10
Residential mortgage
Variable Interest Entity [Line Items]
Real estate acquired through foreclosure	$ 24	$ 27

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Regulatory Capital (Details) $ in Millions	Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Cumulative effect of change in accounting principles
Regulatory capital, assets and risk based ratios - supplemental information
Capital transition provisions, CECL capital benefit recognized			$ 2,900
Capital transition provisions, CECL capital benefit recognized, excluding amount phased out	$ 1,400
JPMorgan Chase & Co.
Leverage-based capital metrics:
Adjusted average assets	$ 3,785,641	$ 3,703,873
Tier 1 leverage ratio	0.071	0.066
Total leverage exposure	$ 4,500,253	$ 4,367,092
SLR	0.060	0.056
Basel III Standardized \| JPMorgan Chase & Co.
Risk-based capital metrics:
CET1 capital	$ 241,825	$ 218,934
Tier 1 capital	268,579	245,631
Total capital	300,859	277,769
Risk-weighted assets	$ 1,692,219	$ 1,653,538
CET1 capital ratio	14.30%	13.20%
Tier 1 capital ratio	0.159	0.149
Total capital ratio	0.178	0.168
Basel III Advanced \| JPMorgan Chase & Co.
Risk-based capital metrics:
CET1 capital	$ 241,825	$ 218,934
Tier 1 capital	268,579	245,631
Total capital	287,560	264,583
Risk-weighted assets	$ 1,671,593	$ 1,609,773
CET1 capital ratio	14.50%	13.60%
Tier 1 capital ratio	0.161	0.153
Total capital ratio	0.172	0.164
Bank Holding Companies \| Basel III
Well capitalized risk-based ratios
Tier 1 capital	0.060	0.060
Total capital	0.100	0.100
Minimum leverage-based capital ratios
Tier 1 leverage	0.040	0.040
SLR	5.00%	5.00%
Regulatory capital, assets and risk based ratios - supplemental information
GSIB surcharge	4.00%
Countercyclical buffer	0
SLR, minimum requirement	0.030	0.030
SLR, supplementary leverage buffer requirements	2.00%	2.00%
Bank Holding Companies \| Basel III Standardized
Minimum risk-based capital ratios
CET1 capital	0.125	0.120
Tier 1 capital	0.140	0.135
Total capital	0.160	0.155
Regulatory capital, assets and risk based ratios - supplemental information
Stress capital buffer	4.00%
Bank Holding Companies \| Basel III Advanced
Minimum risk-based capital ratios
CET1 capital	0.110	0.105
Tier 1 capital	0.125	0.120
Total capital	0.145	0.140
Regulatory capital, assets and risk based ratios - supplemental information
Capital conservation buffer requirement	2.50%
Insured Depository Institutions \| Basel III
Well capitalized risk-based ratios
CET1 capital	0.065	0.065
Tier 1 capital	0.080	0.080
Total capital	0.100	0.100
Minimum leverage-based capital ratios
Tier 1 leverage	0.040	0.040
SLR	6.00%	6.00%
Well capitalized leverage-based capital ratios
Tier 1 leverage	0.050	0.050
SLR	0.060	0.060
Regulatory capital, assets and risk based ratios - supplemental information
Capital conservation buffer requirement	2.50%	2.50%
SLR, minimum requirement	0.030	0.030
SLR, supplementary leverage buffer requirements	3.00%	3.00%
Insured Depository Institutions \| Basel III Standardized
Minimum risk-based capital ratios
CET1 capital	0.070	0.070
Tier 1 capital	0.085	0.085
Total capital	0.105	0.105
Insured Depository Institutions \| Basel III Advanced
Minimum risk-based capital ratios
CET1 capital	0.070	0.070
Tier 1 capital	0.085	0.085
Total capital	0.105	0.105
JPMorgan Chase Bank, N.A.
Leverage-based capital metrics:
Adjusted average assets	$ 3,309,068	$ 3,249,912
Tier 1 leverage ratio	0.085	0.083
Total leverage exposure	$ 4,013,044	$ 3,925,502
SLR	0.070	0.069
JPMorgan Chase Bank, N.A. \| Basel III Standardized
Risk-based capital metrics:
CET1 capital	$ 282,480	$ 269,668
Tier 1 capital	282,482	269,672
Total capital	302,050	288,433
Risk-weighted assets	$ 1,636,819	$ 1,597,072
CET1 capital ratio	17.30%	16.90%
Tier 1 capital ratio	0.173	0.169
Total capital ratio	0.185	0.181
JPMorgan Chase Bank, N.A. \| Basel III Advanced
Risk-based capital metrics:
CET1 capital	$ 282,480	$ 269,668
Tier 1 capital	282,482	269,672
Total capital	288,983	275,255
Risk-weighted assets	$ 1,527,444	$ 1,475,602
CET1 capital ratio	18.50%	18.30%
Tier 1 capital ratio	0.185	0.183
Total capital ratio	0.189	0.187

Loans - Purchased, Sold and Reclassified to Held-for-Sale (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchases	$ 601	$ 909	$ 151,243	$ 2,395
Sales	14,394	13,981	33,712	35,822
Retained loans reclassified to held-for-sale	227	390	1,436	1,220
Consumer, excluding credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchases	62	447	92,143	1,539
Sales	1,318	2,755	1,756	2,884
Retained loans reclassified to held-for-sale	33	47	157	189
Excluded retained loans purchased from correspondents that were originated in accordance with the Firm's underwriting standards	1,900	2,400	4,200	11,600
Consumer, excluding credit card \| First Republic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchases			91,900
Credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchases	0	0	0	0
Sales	0	0	0	0
Retained loans reclassified to held-for-sale	0	0	0	0
Wholesale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchases	539	462	59,100	856
Sales	13,076	11,226	31,956	32,938
Retained loans reclassified to held-for-sale	$ 194	$ 343	1,279	$ 1,031
Wholesale \| First Republic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchases			$ 58,400

Deposits (Tables)

9 Months Ended

Sep. 30, 2023

Deposits [Abstract]

Noninterest-bearing and interest-bearing deposits

As of September 30, 2023 and December 31, 2022, noninterest-bearing and interest-bearing deposits were as follows.


(in millions)	September 30, 2023		December 31, 2022
U.S. offices
Noninterest-bearing (included $61,684 and $26,363 at fair value)(a)	$	651,240	$	644,902
Interest-bearing (included $560 and $586 at fair value)(a)	1,295,609		1,276,346
Total deposits in U.S. offices	1,946,849		1,921,248
Non-U.S. offices
Noninterest-bearing (included $1,409 and $1,398 at fair value)(a)	22,410		27,005
Interest-bearing (included $1,353 and $273 at fair value)(a)	410,267		391,926
Total deposits in non-U.S. offices	432,677		418,931
Total deposits	$	2,379,526	$	2,340,179

(a)Includes structured notes classified as deposits for which the fair value option has been elected. Refer to Note 3 for further discussion.

Time deposits $250,000 or more

As of September 30, 2023 and December 31, 2022, time deposits in denominations that met or exceeded the insured limit were as follows.


(in millions)	September 30, 2023		December 31, 2022
U.S. offices	$	120,115	$	64,622
Non-U.S. offices(a)	94,253		77,907
Total	$	214,368	$	142,529

(a)Represents all time deposits in non-U.S. offices as these deposits typically exceed the insured limit.

Time deposits, by maturity

As of September 30, 2023, the remaining maturities of interest-bearing time deposits in each of the 12-month periods ending September 30 were as follows.


September 30, (in millions)
	U.S.		Non-U.S.		Total
2024	$	174,134	$	91,403	$	265,537
2025	990		299		1,289
2026	278		21		299
2027	138		31		169
2028	97		885		982
After 5 years	509		205		714
Total	$	176,146	$	92,844	$	268,990

Fair Value Measurement - Carrying Value and Estimated Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Financial assets
Cash and due from banks	$ 24,921	$ 27,697
Deposits with banks	486,448	539,537
Federal funds sold and securities purchased under resale agreements	350,059	315,592
Investment securities, held-to-maturity	348,701	388,648
Loans, net of allowance for loan losses	38,808	42,079
Financial liabilities
Beneficial interests issued by consolidated VIEs	24,896	12,610
Carrying value
Financial assets
Cash and due from banks	24,900	27,700
Deposits with banks	486,400	539,500
Accrued interest and accounts receivable	127,400	124,700
Federal funds sold and securities purchased under resale agreements	5,900	3,700
Securities borrowed	120,200	115,300
Investment securities, held-to-maturity	388,300	425,300
Loans, net of allowance for loan losses	1,249,400	1,073,900
Other	71,100	101,200
Financial liabilities
Deposits	2,314,500	2,311,600
Federal funds purchased and securities loaned or sold under repurchase agreements	57,200	50,600
Short-term borrowings	26,200	28,200
Accounts payable and other liabilities	249,000	257,500
Beneficial interests issued by consolidated VIEs	24,800	12,600
Long-term debt	284,400	223,600
Wholesale lending-related commitments	3,300	2,300
Carrying value \| First Republic
Financial liabilities
Wholesale lending-related commitments	1,300
Total estimated fair value
Financial assets
Cash and due from banks	24,900	27,700
Deposits with banks	486,400	539,500
Accrued interest and accounts receivable	127,400	124,700
Federal funds sold and securities purchased under resale agreements	5,900	3,700
Securities borrowed	120,200	115,300
Investment securities, held-to-maturity	348,700	388,600
Loans, net of allowance for loan losses	1,212,500	1,047,900
Other	71,200	101,300
Financial liabilities
Deposits	2,314,600	2,311,500
Federal funds purchased and securities loaned or sold under repurchase agreements	57,200	50,600
Short-term borrowings	26,200	28,200
Accounts payable and other liabilities	248,500	256,800
Beneficial interests issued by consolidated VIEs	24,800	12,600
Long-term debt	277,700	219,300
Wholesale lending-related commitments	5,100	3,200
Total estimated fair value \| Level 1
Financial assets
Cash and due from banks	24,900	27,700
Deposits with banks	485,700	539,300
Accrued interest and accounts receivable	0	0
Federal funds sold and securities purchased under resale agreements	0	0
Securities borrowed	0	0
Investment securities, held-to-maturity	170,000	189,100
Loans, net of allowance for loan losses	0	0
Other	0	0
Financial liabilities
Deposits	0	0
Federal funds purchased and securities loaned or sold under repurchase agreements	0	0
Short-term borrowings	0	0
Accounts payable and other liabilities	0	0
Beneficial interests issued by consolidated VIEs	0	0
Long-term debt	0	0
Wholesale lending-related commitments	0	0
Total estimated fair value \| Level 2
Financial assets
Cash and due from banks	0	0
Deposits with banks	700	200
Accrued interest and accounts receivable	127,300	124,600
Federal funds sold and securities purchased under resale agreements	5,900	3,700
Securities borrowed	120,200	115,300
Investment securities, held-to-maturity	178,700	199,500
Loans, net of allowance for loan losses	270,400	194,000
Other	69,200	99,600
Financial liabilities
Deposits	2,314,600	2,311,500
Federal funds purchased and securities loaned or sold under repurchase agreements	57,200	50,600
Short-term borrowings	26,200	28,200
Accounts payable and other liabilities	239,800	251,200
Beneficial interests issued by consolidated VIEs	24,800	12,600
Long-term debt	227,800	216,500
Wholesale lending-related commitments	0	0
Total estimated fair value \| Level 3
Financial assets
Cash and due from banks	0	0
Deposits with banks	0	0
Accrued interest and accounts receivable	100	100
Federal funds sold and securities purchased under resale agreements	0	0
Securities borrowed	0	0
Investment securities, held-to-maturity	0	0
Loans, net of allowance for loan losses	942,100	853,900
Other	2,000	1,700
Financial liabilities
Deposits	0	0
Federal funds purchased and securities loaned or sold under repurchase agreements	0	0
Short-term borrowings	0	0
Accounts payable and other liabilities	8,700	5,600
Beneficial interests issued by consolidated VIEs	0	0
Long-term debt	49,900	2,800
Wholesale lending-related commitments	$ 5,100	$ 3,200

Credit Risk Concentrations (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Concentration Risk [Line Items]
Credit exposure	$ 2,899,289	$ 2,582,566
On-balance sheet, Loans	1,310,059	1,135,647
On-balance sheet, Derivatives	67,070	70,880
Off-balance sheet	1,478,784	1,326,782
Available-for-sale securities	197,119	205,857
HTM securities	388,261	425,305
Cash placed with banks	502,800	556,600
First Republic
Concentration Risk [Line Items]
Available-for-sale securities	22,900
Obligations of U.S. states and municipalities
Concentration Risk [Line Items]
Trading assets	6,300	6,600
Available-for-sale securities	19,662	6,786
HTM securities	10,730	19,747
Credit Concentration Risk
Concentration Risk [Line Items]
On-balance sheet, Derivatives	67,070	70,880
Total consumer \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	1,552,920	1,351,352
On-balance sheet, Loans	605,704	496,550
Off-balance sheet	947,216	854,802
Consumer, excluding credit card
Concentration Risk [Line Items]
On-balance sheet, Loans	408,769	311,375
Consumer, excluding credit card \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	457,082	344,893
On-balance sheet, Loans	408,769	311,375
Off-balance sheet	48,313	33,518
Consumer, excluding credit card \| Credit Concentration Risk \| First Republic
Concentration Risk [Line Items]
Credit exposure	103,300
Credit card
Concentration Risk [Line Items]
On-balance sheet, Loans	196,935	185,175
Credit card \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	1,095,838	1,006,459
On-balance sheet, Loans	196,935	185,175
Off-balance sheet	898,903	821,284
Wholesale
Concentration Risk [Line Items]
On-balance sheet, Loans	704,355	639,097
Wholesale \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	1,346,369	1,231,214
On-balance sheet, Loans	704,355	639,097
Off-balance sheet	531,568	471,980
Wholesale \| Credit Concentration Risk \| First Republic
Concentration Risk [Line Items]
Credit exposure	95,200
Wholesale-related \| Credit Concentration Risk
Concentration Risk [Line Items]
On-balance sheet, Derivatives	67,070	70,880
Wholesale-related \| Wholesale \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	1,270,590	1,146,530
On-balance sheet, Loans	671,952	603,670
Off-balance sheet	531,568	471,980
Real Estate \| Credit Concentration Risk
Concentration Risk [Line Items]
On-balance sheet, Derivatives	292	249
Real Estate \| Wholesale \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	206,067	170,857
On-balance sheet, Loans	166,446	131,681
Off-balance sheet	39,329	38,927
Asset Managers \| Credit Concentration Risk
Concentration Risk [Line Items]
On-balance sheet, Derivatives	18,893	16,397
Asset Managers \| Wholesale \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	145,707	95,656
On-balance sheet, Loans	54,485	40,511
Off-balance sheet	72,329	38,748
Individuals and Individual Entities \| Credit Concentration Risk
Concentration Risk [Line Items]
On-balance sheet, Derivatives	720	434
Individuals and Individual Entities \| Wholesale \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	143,786	130,815
On-balance sheet, Loans	124,859	120,424
Off-balance sheet	18,207	9,957
Consumer & Retail \| Credit Concentration Risk
Concentration Risk [Line Items]
On-balance sheet, Derivatives	1,905	1,650
Consumer & Retail \| Wholesale \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	127,978	120,555
On-balance sheet, Loans	47,013	45,867
Off-balance sheet	79,060	73,038
Industrials \| Credit Concentration Risk
Concentration Risk [Line Items]
On-balance sheet, Derivatives	2,058	1,770
Industrials \| Wholesale \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	75,865	72,483
On-balance sheet, Loans	26,958	26,960
Off-balance sheet	46,849	43,753
Technology, Media & Telecommunications \| Credit Concentration Risk
Concentration Risk [Line Items]
On-balance sheet, Derivatives	2,525	2,950
Technology, Media & Telecommunications \| Wholesale \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	73,047	72,286
On-balance sheet, Loans	20,151	21,622
Off-balance sheet	50,371	47,714
Healthcare \| Credit Concentration Risk
Concentration Risk [Line Items]
On-balance sheet, Derivatives	1,111	1,683
Healthcare \| Wholesale \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	62,126	62,613
On-balance sheet, Loans	23,947	22,970
Off-balance sheet	37,068	37,960
Banks & Finance Companies \| Credit Concentration Risk
Concentration Risk [Line Items]
On-balance sheet, Derivatives	3,510	3,246
Banks & Finance Companies \| Wholesale \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	56,886	51,816
On-balance sheet, Loans	33,769	32,172
Off-balance sheet	19,607	16,398
State & Municipal Govt \| Credit Concentration Risk
Concentration Risk [Line Items]
On-balance sheet, Derivatives	275	585
State & Municipal Govt \| Wholesale \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	37,016	33,847
On-balance sheet, Loans	20,827	18,147
Off-balance sheet	15,914	15,115
Utilities \| Credit Concentration Risk
Concentration Risk [Line Items]
On-balance sheet, Derivatives	2,852	3,269
Utilities \| Wholesale \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	36,454	36,218
On-balance sheet, Loans	7,666	9,107
Off-balance sheet	25,936	23,842
Automotive \| Credit Concentration Risk
Concentration Risk [Line Items]
On-balance sheet, Derivatives	469	529
Automotive \| Wholesale \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	34,217	33,287
On-balance sheet, Loans	15,813	14,735
Off-balance sheet	17,935	18,023
Oil & Gas \| Credit Concentration Risk
Concentration Risk [Line Items]
On-balance sheet, Derivatives	2,386	5,121
Oil & Gas \| Wholesale \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	33,253	38,668
On-balance sheet, Loans	9,117	9,632
Off-balance sheet	21,750	23,915
Insurance \| Credit Concentration Risk
Concentration Risk [Line Items]
On-balance sheet, Derivatives	10,085	8,081
Insurance \| Wholesale \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	23,733	21,045
On-balance sheet, Loans	2,753	2,387
Off-balance sheet	10,895	10,577
Chemicals & Plastics \| Credit Concentration Risk
Concentration Risk [Line Items]
On-balance sheet, Derivatives	448	407
Chemicals & Plastics \| Wholesale \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	20,261	20,030
On-balance sheet, Loans	6,393	5,771
Off-balance sheet	13,420	13,852
Central Govt \| Credit Concentration Risk
Concentration Risk [Line Items]
On-balance sheet, Derivatives	9,944	12,955
Central Govt \| Wholesale \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	15,819	19,095
On-balance sheet, Loans	4,078	3,167
Off-balance sheet	1,797	2,973
Transportation \| Credit Concentration Risk
Concentration Risk [Line Items]
On-balance sheet, Derivatives	507	567
Transportation \| Wholesale \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	15,180	15,009
On-balance sheet, Loans	5,174	5,005
Off-balance sheet	9,499	9,437
Metals & Mining \| Credit Concentration Risk
Concentration Risk [Line Items]
On-balance sheet, Derivatives	237	475
Metals & Mining \| Wholesale \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	15,136	15,915
On-balance sheet, Loans	4,606	5,398
Off-balance sheet	10,293	10,042
Securities Firms \| Credit Concentration Risk
Concentration Risk [Line Items]
On-balance sheet, Derivatives	3,442	3,387
Securities Firms \| Wholesale \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	8,928	8,066
On-balance sheet, Loans	860	556
Off-balance sheet	4,626	4,123
Financial Markets Infrastructure \| Credit Concentration Risk
Concentration Risk [Line Items]
On-balance sheet, Derivatives	1,672	3,050
Financial Markets Infrastructure \| Wholesale \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	4,096	4,962
On-balance sheet, Loans	67	13
Off-balance sheet	2,357	1,899
All other \| Credit Concentration Risk
Concentration Risk [Line Items]
On-balance sheet, Derivatives	3,739	4,075
All other \| Wholesale \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	135,035	123,307
On-balance sheet, Loans	96,970	87,545
Off-balance sheet	$ 34,326	$ 31,687
All other \| Wholesale \| Credit Concentration Risk \| SPEs and Private education
Concentration Risk [Line Items]
Percentage of exposure secured	94.00%	95.00%
All other \| Wholesale \| Credit Concentration Risk \| Civic organizations
Concentration Risk [Line Items]
Percentage of exposure secured	6.00%	5.00%
Loans held-for-sale and loans at fair value \| Wholesale \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	$ 32,403	$ 35,427
On-balance sheet, Loans	32,403	35,427
Receivables from customers \| Wholesale \| Credit Concentration Risk
Concentration Risk [Line Items]
Credit exposure	$ 43,376	$ 49,257

Noninterest Revenue and Noninterest Expense (Tables)

9 Months Ended

Sep. 30, 2023

Noninterest Income (Expense) [Abstract]

Components of investment banking fees

The following table presents the components of investment banking fees.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Underwriting
Equity	$	274	$	271	$	824	$	743
Debt	677		578		2,053		2,263
Total underwriting	951		849		2,877		3,006
Advisory	771		825		2,007		2,262
Total investment banking fees	$	1,722	$	1,674	$	4,884	$	5,268

Principal transactions revenue

The following table presents all realized and unrealized gains and losses recorded in principal transactions revenue. This table excludes interest income and interest expense on trading assets and liabilities, which are an integral part of the overall performance of the Firm’s client-driven market-making activities in CIB and fund deployment activities in Treasury and CIO. Refer to Note 7 for further information on interest income and interest expense.

Trading revenue is presented primarily by instrument type. The Firm’s client-driven market-making businesses generally utilize a variety of instrument types in connection with their market-making and related risk-management activities; accordingly, the trading revenue presented in the table below is not representative of the total revenue of any individual LOB.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Trading revenue by instrument type
Interest rate(a)	$	1,383	$	1,092	$	4,950	$	1,937
Credit(b)	487		488		1,540		1,224		(c)
Foreign exchange	1,219		1,398		4,205		4,147
Equity	2,677		1,868		8,311		6,426
Commodity	450		562		1,744		1,808
Total trading revenue	6,216		5,408		20,750		15,542
Private equity losses	(6)		(25)		(15)		(64)
Principal transactions	$	6,210	$	5,383	$	20,735	$	15,478

(a)Includes the impact of changes in funding valuation adjustments on derivatives.

(b)Includes the impact of changes in credit valuation adjustments on derivatives, net of the associated hedging activities.

(c)Includes markdowns on held-for-sale positions, primarily unfunded commitments, in the bridge financing portfolio.

Components of lending and deposit-related fees

The following table presents the components of lending- and deposit-related fees.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Lending-related fees(a)	$	777	$	379	$	1,736	$	1,103
Deposit-related fees	1,262		1,352		3,751		4,340
Total lending- and deposit-related fees	$	2,039	$	1,731	$	5,487	$	5,443

(a) Includes the amortization of the fair value discount on certain acquired lending-related commitments associated with First Republic, predominantly in AWM and CB. The discount is deferred in other liabilities and recognized on a straight-line basis over the commitment period. Refer to Note 28 for additional information.

Components of asset management fees

The following table presents the components of asset management fees.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Asset management fees
Investment management fees(a)(b)	$	3,825	$	3,420	$	10,910	$	10,407
All other asset management fees(c)	79		75		233		257
Total asset management fees	$	3,904	$	3,495	$	11,143	$	10,664

(a)Represents fees earned from managing assets on behalf of the Firm’s clients, including investors in Firm-sponsored funds and owners of separately managed investment accounts.

(b)Includes the impact of First Republic. Refer to Note 28 for additional information.

(c)Represents fees for services that are ancillary to investment management services, such as commissions earned on the sales or distribution of mutual funds to clients.

Components of commissions and other fees

The following table presents the components of commissions and other fees.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Commissions and other fees
Brokerage commissions(a)	$	692	$	648	$	2,161	$	2,196
Administration fees(b)	589		558		1,721		1,781
All other commissions and fees (c)	424		368		1,257		1,030
Total commissions and other fees	$	1,705	$	1,574	$	5,139	$	5,007

(a)Represents commissions earned when the Firm acts as a broker, by facilitating its clients’ purchases and sales of securities and other financial instruments.

(b)Predominantly includes fees for custody, securities lending, funds services and securities clearance.

(c)Includes travel-related and annuity sales commissions, depositary receipt-related service fees, as well as other service fees, which are recognized as revenue when the services are rendered.

Schedule of components of card income

The following table presents the components of card income.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Interchange and merchant processing income	$	7,914	$	7,166	$	22,938	$	20,615
Rewards costs and partner payments	(6,283)		(5,747)		(18,184)		(16,258)
Other card income(a)	(422)		(333)		(1,217)		(1,163)
Total card income	$	1,209	$	1,086	$	3,537	$	3,194

(a)Predominantly represents the amortization of account origination costs and annual fees.

Components of other income

The following table presents certain components of other income:


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Operating lease income	$	695	$	870	$	2,166	$	2,863
Losses on tax-oriented investments(a)	(316)		(312)		(1,190)		(1,147)
Estimated bargain purchase gain associated with the First Republic acquisition(b)	100		—		2,812		—

Gain related to the acquisition of CIFM(c)	—		—		339

(a) The losses associated with these tax-oriented investments are more than offset by lower income tax expense from the associated tax credits.

(b) Refer to Note 28 for additional information on the First Republic acquisition.

Components of noninterest expense

Other expense on the Firm’s Consolidated statements of income includes the following:


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022			2023		2022
Legal expense	$	665	$	47		$	1,261	$	239


FDIC-related expense	342		209			997		623
First Republic-related expense(a)	244		—			843		—

(a) Included in the nine months ended September 30, 2023, were payments to the FDIC in the second quarter of 2023 with respect to First Republic individuals who were not employees of the Firm until July 2, 2023. Refer to Note 28 for additional information on the First Republic acquisition.

Deposits

9 Months Ended

Sep. 30, 2023

Deposits [Abstract]

Deposits

Refer to Note 17 of JPMorgan Chase’s 2022 Form 10-K for further information on deposits.

As of September 30, 2023 and December 31, 2022, noninterest-bearing and interest-bearing deposits were as follows.


(in millions)	September 30, 2023		December 31, 2022
U.S. offices
Noninterest-bearing (included $61,684 and $26,363 at fair value)(a)	$	651,240	$	644,902
Interest-bearing (included $560 and $586 at fair value)(a)	1,295,609		1,276,346
Total deposits in U.S. offices	1,946,849		1,921,248
Non-U.S. offices
Noninterest-bearing (included $1,409 and $1,398 at fair value)(a)	22,410		27,005
Interest-bearing (included $1,353 and $273 at fair value)(a)	410,267		391,926
Total deposits in non-U.S. offices	432,677		418,931
Total deposits	$	2,379,526	$	2,340,179

(a)Includes structured notes classified as deposits for which the fair value option has been elected. Refer to Note 3 for further discussion.

As of September 30, 2023 and December 31, 2022, time deposits in denominations that met or exceeded the insured limit were as follows.


(in millions)	September 30, 2023		December 31, 2022
U.S. offices	$	120,115	$	64,622
Non-U.S. offices(a)	94,253		77,907
Total	$	214,368	$	142,529

(a)Represents all time deposits in non-U.S. offices as these deposits typically exceed the insured limit.

As of September 30, 2023, the remaining maturities of interest-bearing time deposits in each of the 12-month periods ending September 30 were as follows.


September 30, (in millions)
	U.S.		Non-U.S.		Total
2024	$	174,134	$	91,403	$	265,537
2025	990		299		1,289
2026	278		21		299
2027	138		31		169
2028	97		885		982
After 5 years	509		205		714
Total	$	176,146	$	92,844	$	268,990

Pension and Other Postretirement Employee Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2023

Retirement Benefits [Abstract]

Components of net periodic benefit costs reported in the Consolidated Statements of Income

The following table presents the net periodic benefit costs reported in the Consolidated statements of income for the Firm’s defined benefit pension, defined contribution and OPEB plans.


(in millions)	Three months ended September 30,					Nine months ended September 30,
	2023		2022				2023		2022
	Pension and OPEB plans				Pension and OPEB plans
Total net periodic defined benefit plan cost/(credit)	$	(104)	$	(11)		(a)	$	(292)	$	(150)	(a)
Total defined contribution plans	403		353				1,165		1,054
Total pension and OPEB cost included in noninterest expense	$	299	$	342			$	873	$	904

(a)Included a $58 million pension settlement loss. Refer to Note 8 of JPMorgan Chase's 2022 Form 10-K for additional information regarding the pension settlement.

Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions

Sep. 30, 2023

Dec. 31, 2022

Assets

Cash and due from banks

$ 24,921

$ 27,697

Deposits with banks

486,448

539,537

Federal funds sold and securities purchased under resale agreements (included $344,193 and $311,883 at fair value)

350,059

315,592

Securities borrowed (included $68,046 and $70,041 at fair value)

188,279

185,369

Trading assets (included assets pledged of $132,750 and $93,687)

601,993

453,799

Available-for-sale securities (amortized cost of $206,500 and $216,188; included assets pledged of $12,548 and $9,158)

197,119

205,857

Held-to-maturity securities

388,261

425,305

Investment securities, net of allowance for credit losses

585,380

631,162

Loans (included $38,808 and $42,079 at fair value)

1,310,059

1,135,647

Allowance for loan losses

(21,946)

(19,726)

Loans, net of allowance for loan losses

1,288,113

1,115,921

Accrued interest and accounts receivable

127,752

125,189

Premises and equipment

29,677

27,734

Goodwill, MSRs and other intangible assets

64,910

60,859

Other assets (included $14,168 and $14,921 at fair value and assets pledged of $5,701 and $7,998)

150,801

182,884

Total assets

^[1]

3,898,333

3,665,743

Liabilities

Deposits (included $65,006 and $28,620 at fair value)

2,379,526

2,340,179

Federal funds purchased and securities loaned or sold under repurchase agreements (included $211,571 and $151,999 at fair value)

268,750

202,613

Short-term borrowings (included $19,289 and $15,792 at fair value)

45,470

44,027

Trading liabilities

207,457

177,976

Accounts payable and other liabilities (included $4,492 and $7,038 at fair value)

292,070

300,141

Beneficial interests issued by consolidated VIEs (included $66 and $5 at fair value)

24,896

12,610

Long-term debt (included $78,357 and $72,281 at fair value)

362,793

295,865

Total liabilities

^[1]

3,580,962

3,373,411

Commitments and contingencies (refer to Notes 24, 25 and 26)

Stockholders’ equity

Preferred stock ($1 par value; authorized 200,000,000 shares; issued 2,740,375 shares)

27,404

Common stock ($1 par value; authorized 9,000,000,000 shares; issued 4,104,933,895 shares)

4,105

Additional paid-in capital

89,899

89,044

Retained earnings

327,044

296,456

Accumulated other comprehensive losses

(17,104)

(17,341)

Treasury stock, at cost (1,213,925,554 and 1,170,676,094 shares)

(113,977)

(107,336)

Total stockholders’ equity

317,371

292,332

Total liabilities and stockholders’ equity

3,898,333

3,665,743

VIEs consolidated by the Firm

Assets

Trading assets (included assets pledged of $132,750 and $93,687)

1,780

2,151

Loans, net of allowance for loan losses

38,176

34,411

Other assets (included $14,168 and $14,921 at fair value and assets pledged of $5,701 and $7,998)

593

550

Total assets

40,549

37,112

Liabilities

Beneficial interests issued by consolidated VIEs (included $66 and $5 at fair value)

24,896

12,610

All other liabilities

244

279

Total liabilities

$ 25,140

$ 12,889

[1]


(in millions)	September 30, 2023		December 31, 2022
Assets
Trading assets	$	1,780	$	2,151
Loans	38,176		34,411
All other assets	593		550
Total assets	$	40,549	$	37,112
Liabilities
Beneficial interests issued by consolidated VIEs	$	24,896	$	12,610
All other liabilities	244		279
Total liabilities	$	25,140	$	12,889

Loans - Consumer, Excluding Credit Card Loan Portfolio (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 1,265,941	$ 1,089,598	$ 1,068,073
Consumer, excluding credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	397,054	300,753	$ 301,403
Consumer, excluding credit card \| First Republic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	91,200
Consumer, excluding credit card \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	327,635	237,561
Consumer, excluding credit card \| Residential real estate \| First Republic
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	91,200
Consumer, excluding credit card \| Auto and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 69,419	$ 63,192

Fair Value Option (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Changes in fair value under the fair value option election


	Three months ended September 30,
	2023							2022
(in millions)	Principal transactions		All other income			Total changes in fair value recorded (e)		Principal transactions		All other income			Total changes in fair value recorded (e)
Federal funds sold and securities purchased under resale agreements	$	146	$	—		$	146	$	(185)	$	—		$	(185)
Securities borrowed	29		—			29		(209)		—			(209)
Trading assets:
Debt and equity instruments, excluding loans	200		—			200		(1,782)		—			(1,782)
Loans reported as trading assets:
Changes in instrument-specific credit risk	17		—			17		34		—			34
Other changes in fair value	4		—			4		(36)		—			(36)
Loans:
Changes in instrument-specific credit risk	31		4		(c)	35		(133)		3		(c)	(130)
Other changes in fair value	(74)		(78)		(c)	(152)		(340)		(107)		(c)	(447)
Other assets	32		(1)		(d)	31		12		(7)		(d)	5
Deposits(a)	(454)		—			(454)		364		—			364
Federal funds purchased and securities loaned or sold under repurchase agreements	(17)		—			(17)		104		—			104
Short-term borrowings(a)	(130)		—			(130)		85		—			85
Trading liabilities	4		—			4		9		—			9
Beneficial interests issued by consolidated VIEs	—		—			—		—		—			—
Other liabilities	(2)		—			(2)		(2)		—			(2)
Long-term debt(a)(b)	2,606		(14)		(c)(d)	2,592		1,828		125		(c)(d)	1,953


	Nine months ended September 30,
	2023							2022
(in millions)	Principal transactions		All other income			Total changes in fair value recorded (e)		Principal transactions		All other income			Total changes in fair value recorded (e)
Federal funds sold and securities purchased under resale agreements	$	366	$	—		$	366	$	(560)	$	—		$	(560)
Securities borrowed	57		—			57		(508)		—			(508)
Trading assets:
Debt and equity instruments, excluding loans	2,955		—			2,955		(2,693)		—			(2,693)
Loans reported as trading assets:
Changes in instrument-specific credit risk	248		—			248		(109)		—			(109)
Other changes in fair value	9		2		(c)	11		(58)		—			(58)
Loans:
Changes in instrument-specific credit risk	102		—			102		(210)		26		(c)	(184)
Other changes in fair value	45		26		(c)	71		(1,560)		(881)		(c)	(2,441)
Other assets	46		(2)		(d)	44		21		(6)		(d)	15
Deposits(a)	(1,322)		—			(1,322)		1,148		—			1,148
Federal funds purchased and securities loaned or sold under repurchase agreements	(86)		—			(86)		310		—			310
Short-term borrowings(a)	(399)		—			(399)		858		—			858
Trading liabilities	(26)		—			(26)		(3)		—			(3)
Beneficial interests issued by consolidated VIEs	—		—			—		(1)		—			(1)
Other liabilities	(3)		—			(3)		(6)		—			(6)
Long-term debt(a)(b)	(855)		(42)		(c)(d)	(897)		11,193		158		(c)(d)	11,351

(c)Reported in mortgage fees and related income.

(d)Reported in other income.

Difference between aggregate fair value and aggregate remaining contractual principal balance outstanding


	September 30, 2023							December 31, 2022
(in millions)	Contractual principal outstanding			Fair value		Fair value over/(under) contractual principal outstanding		Contractual principal outstanding			Fair value		Fair value over/(under) contractual principal outstanding
Loans
Nonaccrual loans
Loans reported as trading assets	$	3,080		$	572	$	(2,508)	$	2,517		$	368	$	(2,149)
Loans	875			750		(125)		967			829		(138)
Subtotal	3,955			1,322		(2,633)		3,484			1,197		(2,287)
90 or more days past due and government guaranteed
Loans(a)	71			65		(6)		124			115		(9)
All other performing loans(b)
Loans reported as trading assets	9,009			7,574		(1,435)		7,823			6,135		(1,688)
Loans	39,212			37,993		(1,219)		42,588			41,135		(1,453)
Subtotal	48,221			45,567		(2,654)		50,411			47,270		(3,141)
Total loans	$	52,247		$	46,954	$	(5,293)	$	54,019		$	48,582	$	(5,437)
Long-term debt
Principal-protected debt	$	45,221	(d)	$	34,331	$	(10,890)	$	41,341	(d)	$	31,105	$	(10,236)
Nonprincipal-protected debt(c)	NA			44,026		NA		NA			41,176		NA
Total long-term debt	NA			$	78,357	NA		NA			$	72,281	NA
Long-term beneficial interests
Nonprincipal-protected debt(c)	NA			$	66	NA		NA			$	5	NA
Total long-term beneficial interests	NA			$	66	NA		NA			$	5	NA

(a)These balances are excluded from nonaccrual loans as the loans are insured and/or guaranteed by U.S. government agencies.

(b)There were no performing loans that were ninety days or more past due as of September 30, 2023 and December 31, 2022.

Fair value option, structured notes by balance sheet classification and primary embedded derivative risk

The following table presents the fair value of structured notes, by balance sheet classification and the primary risk type.


	September 30, 2023									December 31, 2022
(in millions)	Long-term debt		Short-term borrowings		Deposits			Total		Long-term debt		Short-term borrowings		Deposits			Total
Risk exposure
Interest rate	$	34,449	$	271	$	60,595		$	95,315	$	31,973	$	260	$	24,655		$	56,888
Credit	4,746		365		—			5,111		4,105		170		—			4,275
Foreign exchange	2,373		953		112			3,438		2,674		788		50			3,512
Equity	34,007		5,850		2,986			42,843		30,864		4,272		3,545			38,681
Commodity	1,989		21		1		(a)	2,011		1,655		16		2		(a)	1,673
Total structured notes	$	77,564	$	7,460	$	63,694		$	148,718	$	71,271	$	5,506	$	28,252		$	105,029

Leases - Information Related to Operating Leases (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Right-of-use assets	$ 8,300	$ 7,782
Lease liabilities	8,697	$ 8,183
First Republic
Business Acquisition [Line Items]
Right-of-use assets	666
Lease liabilities	$ 732

Derivative Instruments - Notional Amount of Derivative Contracts (Details) - USD ($) $ in Billions	Sep. 30, 2023	Dec. 31, 2022
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	$ 54,875	$ 49,476
Interest rate contracts
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	36,037	33,166
Swaps
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	26,430	24,491
Futures and forwards
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	2,934	2,636
Options \| Written options
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	3,324	3,047
Options \| Purchased options
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	3,349	2,992
Credit derivatives
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	1,275	1,132
Foreign exchange contracts
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	14,756	12,747
Cross-currency swaps
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	4,417	4,196
Spot, futures and forwards
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	8,669	7,017
Options \| Written options
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	851	775
Options \| Purchased options
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	819	759
Equity contracts
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	2,287	1,944
Swaps
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	667	618
Futures and forwards
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	90	110
Options \| Written options
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	796	636
Options \| Purchased options
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	734	580
Commodity contracts
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	520	487
Swaps
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	133	136
Spot, futures and forwards
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	152	136
Options \| Written options
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	129	117
Options \| Purchased options
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	$ 106	$ 98

Noninterest Revenue and Noninterest Expense - Commissions and Other Fees (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Noninterest Income (Expense) [Abstract]
Brokerage commissions	$ 692	$ 648	$ 2,161	$ 2,196
Administration fees	589	558	1,721	1,781
All other commissions and fees	424	368	1,257	1,030
Total commissions and other fees	$ 1,705	$ 1,574	$ 5,139	$ 5,007

Noninterest Revenue and Noninterest Expense

9 Months Ended

Sep. 30, 2023

Noninterest Income (Expense) [Abstract]

Noninterest Revenue and Noninterest Expense

Noninterest revenue and noninterest expense

Noninterest revenue

Refer to Note 6 of JPMorgan Chase’s 2022 Form 10-K for a discussion of the components of and accounting policies for the Firm’s noninterest revenue.

Investment banking fees

The following table presents the components of investment banking fees.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Underwriting
Equity	$	274	$	271	$	824	$	743
Debt	677		578		2,053		2,263
Total underwriting	951		849		2,877		3,006
Advisory	771		825		2,007		2,262
Total investment banking fees	$	1,722	$	1,674	$	4,884	$	5,268

Principal transactions


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Trading revenue by instrument type
Interest rate(a)	$	1,383	$	1,092	$	4,950	$	1,937
Credit(b)	487		488		1,540		1,224		(c)
Foreign exchange	1,219		1,398		4,205		4,147
Equity	2,677		1,868		8,311		6,426
Commodity	450		562		1,744		1,808
Total trading revenue	6,216		5,408		20,750		15,542
Private equity losses	(6)		(25)		(15)		(64)
Principal transactions	$	6,210	$	5,383	$	20,735	$	15,478

(a)Includes the impact of changes in funding valuation adjustments on derivatives.

(b)Includes the impact of changes in credit valuation adjustments on derivatives, net of the associated hedging activities.

(c)Includes markdowns on held-for-sale positions, primarily unfunded commitments, in the bridge financing portfolio.

Lending- and deposit-related fees

The following table presents the components of lending- and deposit-related fees.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Lending-related fees(a)	$	777	$	379	$	1,736	$	1,103
Deposit-related fees	1,262		1,352		3,751		4,340
Total lending- and deposit-related fees	$	2,039	$	1,731	$	5,487	$	5,443

Deposit-related fees include the impact of credits earned by clients that reduce such fees.

Asset management fees

The following table presents the components of asset management fees.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Asset management fees
Investment management fees(a)(b)	$	3,825	$	3,420	$	10,910	$	10,407
All other asset management fees(c)	79		75		233		257
Total asset management fees	$	3,904	$	3,495	$	11,143	$	10,664

(a)Represents fees earned from managing assets on behalf of the Firm’s clients, including investors in Firm-sponsored funds and owners of separately managed investment accounts.

(b)Includes the impact of First Republic. Refer to Note 28 for additional information.

(c)Represents fees for services that are ancillary to investment management services, such as commissions earned on the sales or distribution of mutual funds to clients.

Commissions and other fees

The following table presents the components of commissions and other fees.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Commissions and other fees
Brokerage commissions(a)	$	692	$	648	$	2,161	$	2,196
Administration fees(b)	589		558		1,721		1,781
All other commissions and fees (c)	424		368		1,257		1,030
Total commissions and other fees	$	1,705	$	1,574	$	5,139	$	5,007

(a)Represents commissions earned when the Firm acts as a broker, by facilitating its clients’ purchases and sales of securities and other financial instruments.

(b)Predominantly includes fees for custody, securities lending, funds services and securities clearance.

(c)Includes travel-related and annuity sales commissions, depositary receipt-related service fees, as well as other service fees, which are recognized as revenue when the services are rendered.

Card income

The following table presents the components of card income.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Interchange and merchant processing income	$	7,914	$	7,166	$	22,938	$	20,615
Rewards costs and partner payments	(6,283)		(5,747)		(18,184)		(16,258)
Other card income(a)	(422)		(333)		(1,217)		(1,163)
Total card income	$	1,209	$	1,086	$	3,537	$	3,194

(a)Predominantly represents the amortization of account origination costs and annual fees.

Refer to Note 15 for further information on mortgage fees and related income.

Other income

This revenue category includes operating lease income, as well as losses associated with the Firm’s tax-oriented investments, predominantly alternative energy equity-method investments in CIB.

The following table presents certain components of other income:


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Operating lease income	$	695	$	870	$	2,166	$	2,863
Losses on tax-oriented investments(a)	(316)		(312)		(1,190)		(1,147)
Estimated bargain purchase gain associated with the First Republic acquisition(b)	100		—		2,812		—

Gain related to the acquisition of CIFM(c)	—		—		339

(a) The losses associated with these tax-oriented investments are more than offset by lower income tax expense from the associated tax credits.

(b) Refer to Note 28 for additional information on the First Republic acquisition.

Refer to Note 17 for information on operating lease income included within other income.

Noninterest expense

Other expense

Other expense on the Firm’s Consolidated statements of income includes the following:


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022			2023		2022
Legal expense	$	665	$	47		$	1,261	$	239


FDIC-related expense	342		209			997		623
First Republic-related expense(a)	244		—			843		—

FDIC Special Assessment

In May 2023, the FDIC issued a notice of proposed rulemaking recommending a special assessment related to the systemic risk determination made on March 12, 2023, to recover losses to the Deposit Insurance Fund ("DIF") arising from the protection of uninsured depositors resulting from recent bank resolutions. In its current form, the rule would impose a special assessment at an annual rate of 12.5 basis points on certain banks’ estimated uninsured deposits reported as of December 31, 2022. The Firm expects to be subject to the special assessment as proposed by the FDIC.

Variable Interest Entities - Loans Sold to Third-Party Sponsored Securitization Entities (Details) - Nonconsolidated entities - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Summary of loan sale activities
Carrying value of loans sold	$ 5,582	$ 9,501	$ 14,603	$ 43,890
Proceeds received from loan sales as cash	119	2	159	15
Proceeds from loans sales as securities	5,397	9,352	14,279	43,161
Total proceeds received from loan sales	5,516	9,354	14,438	43,176
Gains/(losses) on loan sales	$ 0	$ (25)	$ 0	$ (25)

Derivative Instruments - Derivatives Netting (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	$ 607,226	$ 630,361
Amounts netted on the Consolidated balance sheets	(548,449)	(568,713)
Net derivative receivables	58,777	61,648
Derivative receivables where an appropriate legal opinion has not been either sought or obtained	8,293	9,232
Total derivative receivables recognized on the Consolidated balance sheets, Gross derivative receivables	615,519	639,593
Total derivative receivables	67,070	70,880
Collateral not nettable on the Consolidated balance sheets	(27,832)	(23,014)
Net amounts	39,238	47,866
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	594,147	624,756
Amounts netted on the Consolidated balance sheets	(561,527)	(586,372)
Net derivative payables	32,620	38,384
Derivative payables where an appropriate legal opinion has not been either sought or obtained	9,343	12,757
Total derivative payables recognized on the Consolidated balance sheets, Gross derivative payables	603,490	637,513
Total derivative payables	41,963	51,141
Collateral not nettable on the Consolidated balance sheets	(4,382)	(3,318)
Net amounts	37,581	47,823
Net cash collateral receivables	57,800	51,500
Net cash collateral payables	70,900	69,200
Interest rate contracts
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	289,065	298,281
Amounts netted on the Consolidated balance sheets	(259,844)	(271,996)
Net derivative receivables	29,221	26,285
Total derivative receivables recognized on the Consolidated balance sheets, Gross derivative receivables	290,941	300,415
Total derivative receivables	31,097	28,419
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	275,651	287,852
Amounts netted on the Consolidated balance sheets	(261,831)	(274,321)
Net derivative payables	13,820	13,531
Total derivative payables recognized on the Consolidated balance sheets, Gross derivative payables	277,805	290,291
Total derivative payables	15,974	15,970
Interest rate contracts \| Over-the-counter (“OTC”)
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	201,719	203,922
Amounts netted on the Consolidated balance sheets	(172,743)	(178,261)
Net derivative receivables	28,976	25,661
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	185,270	190,108
Amounts netted on the Consolidated balance sheets	(171,572)	(176,890)
Net derivative payables	13,698	13,218
Interest rate contracts \| OTC–cleared
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	86,803	93,800
Amounts netted on the Consolidated balance sheets	(86,563)	(93,424)
Net derivative receivables	240	376
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	89,861	97,417
Amounts netted on the Consolidated balance sheets	(89,739)	(97,126)
Net derivative payables	122	291
Interest rate contracts \| Exchange-traded
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	543	559
Amounts netted on the Consolidated balance sheets	(538)	(311)
Net derivative receivables	5	248
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	520	327
Amounts netted on the Consolidated balance sheets	(520)	(305)
Net derivative payables	0	22
Net credit derivatives
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	11,425	10,220
Amounts netted on the Consolidated balance sheets	(10,298)	(9,239)
Net derivative receivables	1,127	981
Total derivative receivables recognized on the Consolidated balance sheets, Gross derivative receivables	11,616	10,329
Total derivative receivables	1,318	1,090
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	11,300	9,728
Amounts netted on the Consolidated balance sheets	(10,493)	(9,217)
Net derivative payables	807	511
Total derivative payables recognized on the Consolidated balance sheets, Gross derivative payables	11,375	9,971
Total derivative payables	882	754
Net credit derivatives \| Over-the-counter (“OTC”)
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	8,807	8,474
Amounts netted on the Consolidated balance sheets	(7,725)	(7,535)
Net derivative receivables	1,082	939
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	8,947	8,054
Amounts netted on the Consolidated balance sheets	(8,140)	(7,572)
Net derivative payables	807	482
Net credit derivatives \| OTC–cleared
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	2,618	1,746
Amounts netted on the Consolidated balance sheets	(2,573)	(1,704)
Net derivative receivables	45	42
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	2,353	1,674
Amounts netted on the Consolidated balance sheets	(2,353)	(1,645)
Net derivative payables	0	29
Foreign exchange contracts
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	234,734	239,417
Amounts netted on the Consolidated balance sheets	(214,708)	(218,214)
Net derivative receivables	20,026	21,203
Total derivative receivables recognized on the Consolidated balance sheets, Gross derivative receivables	237,316	241,579
Total derivative receivables	22,608	23,365
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	232,464	247,965
Amounts netted on the Consolidated balance sheets	(221,519)	(232,665)
Net derivative payables	10,945	15,300
Total derivative payables recognized on the Consolidated balance sheets, Gross derivative payables	234,424	251,521
Total derivative payables	12,905	18,856
Foreign exchange contracts \| Over-the-counter (“OTC”)
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	234,022	237,941
Amounts netted on the Consolidated balance sheets	(214,033)	(216,796)
Net derivative receivables	19,989	21,145
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	231,710	246,457
Amounts netted on the Consolidated balance sheets	(220,852)	(231,248)
Net derivative payables	10,858	15,209
Foreign exchange contracts \| OTC–cleared
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	699	1,461
Amounts netted on the Consolidated balance sheets	(664)	(1,417)
Net derivative receivables	35	44
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	749	1,488
Amounts netted on the Consolidated balance sheets	(665)	(1,417)
Net derivative payables	84	71
Foreign exchange contracts \| Exchange-traded
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	13	15
Amounts netted on the Consolidated balance sheets	(11)	(1)
Net derivative receivables	2	14
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	5	20
Amounts netted on the Consolidated balance sheets	(2)	0
Net derivative payables	3	20
Equity contracts
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	56,366	58,790
Amounts netted on the Consolidated balance sheets	(52,458)	(52,774)
Net derivative receivables	3,908	6,016
Total derivative receivables recognized on the Consolidated balance sheets, Gross derivative receivables	58,178	61,913
Total derivative receivables	5,720	9,139
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	59,626	58,124
Amounts netted on the Consolidated balance sheets	(55,424)	(53,657)
Net derivative payables	4,202	4,467
Total derivative payables recognized on the Consolidated balance sheets, Gross derivative payables	62,329	62,461
Total derivative payables	6,905	8,804
Equity contracts \| Over-the-counter (“OTC”)
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	24,226	30,323
Amounts netted on the Consolidated balance sheets	(21,392)	(25,665)
Net derivative receivables	2,834	4,658
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	26,659	29,833
Amounts netted on the Consolidated balance sheets	(24,354)	(26,554)
Net derivative payables	2,305	3,279
Equity contracts \| Exchange-traded
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	32,140	28,467
Amounts netted on the Consolidated balance sheets	(31,066)	(27,109)
Net derivative receivables	1,074	1,358
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	32,967	28,291
Amounts netted on the Consolidated balance sheets	(31,070)	(27,103)
Net derivative payables	1,897	1,188
Commodity contracts
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	15,636	23,653
Amounts netted on the Consolidated balance sheets	(11,141)	(16,490)
Net derivative receivables	4,495	7,163
Total derivative receivables recognized on the Consolidated balance sheets, Gross derivative receivables	17,468	25,357
Total derivative receivables	6,327	8,867
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	15,106	21,087
Amounts netted on the Consolidated balance sheets	(12,260)	(16,512)
Net derivative payables	2,846	4,575
Total derivative payables recognized on the Consolidated balance sheets, Gross derivative payables	17,557	23,269
Total derivative payables	5,297	6,757
Commodity contracts \| Over-the-counter (“OTC”)
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	9,611	14,430
Amounts netted on the Consolidated balance sheets	(5,130)	(7,633)
Net derivative receivables	4,481	6,797
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	8,850	11,954
Amounts netted on the Consolidated balance sheets	(6,235)	(7,642)
Net derivative payables	2,615	4,312
Commodity contracts \| OTC–cleared
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	126	120
Amounts netted on the Consolidated balance sheets	(118)	(112)
Net derivative receivables	8	8
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	109	112
Amounts netted on the Consolidated balance sheets	(109)	(112)
Net derivative payables	0	0
Commodity contracts \| Exchange-traded
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	5,899	9,103
Amounts netted on the Consolidated balance sheets	(5,893)	(8,745)
Net derivative receivables	6	358
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	6,147	9,021
Amounts netted on the Consolidated balance sheets	(5,916)	(8,758)
Net derivative payables	$ 231	$ 263

Business Segments

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Business Segments

Business segments

The Firm is managed on an LOB basis. There are four major reportable business segments - Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset & Wealth Management. In addition, there is a Corporate segment. The business segments are determined based on the products and services provided, or the type of customer served, and they reflect the manner in which financial information is currently evaluated by the Firm’s Operating Committee. Segment results are presented on a managed basis. Refer to Segment results below, and Note 32 of JPMorgan Chase’s 2022 Form 10-K for a further discussion of JPMorgan Chase’s business segments.

Segment results

The following table provides a summary of the Firm’s segment results as of or for the three and nine months ended September 30, 2023 and 2022, on a managed basis. The Firm’s definition of managed basis starts with the reported U.S. GAAP results and includes certain reclassifications to present total net revenue for the Firm (and each of the reportable business segments) on an FTE

basis. Accordingly, revenue from investments that receive tax credits and tax-exempt securities is presented in the managed results on a basis comparable to taxable investments and securities. Refer to Note 32 of JPMorgan Chase’s 2022 Form 10-K for additional information on the Firm’s managed basis.

Capital allocation

The amount of capital assigned to each business segment is referred to as equity. At least annually, the assumptions, judgments and methodologies used to allocate capital are reassessed and, as a result, the capital allocated to the LOBs may change. In the second quarter of 2023, the Firm updated its line of business capital allocations to reflect the impact of the First Republic acquisition. Refer to Note 28 of this Form 10-Q for additional information on the First Republic acquisition and Note 32 of JPMorgan Chase’s 2022 Form 10-K for additional information on capital allocation.


Segment results and reconciliation(a)
As of or for the three months ended September 30, (in millions, except ratios)	Consumer & Community Banking							Corporate & Investment Bank							Commercial Banking						Asset & Wealth Management
	2023			2022				2023			2022				2023			2022			2023			2022
Noninterest revenue	$	3,982		$	3,712		(b)	$	9,870		$	9,281		(b)	$	972		$	836		$	3,431		$	3,126
Net interest income	14,380			10,569				1,860			2,644				3,059			2,212			1,574			1,413
Total net revenue	18,362			14,281				11,730			11,925				4,031			3,048			5,005			4,539
Provision for credit losses	1,446			529				(185)			513				90			618			(13)			(102)
Noninterest expense	9,105			7,983			(b)	7,443			6,682			(b)	1,375			1,180			3,138			3,028
Income/(loss) before income tax expense/(benefit)	7,811			5,769				4,472			4,730				2,566			1,250			1,880			1,613
Income tax expense/(benefit)	1,916			1,425			(b)	1,380			1,208			(b)	631			304			463			394
Net income/(loss)	$	5,895		$	4,344			$	3,092		$	3,522			$	1,935		$	946		$	1,417		$	1,219
Average equity	$	55,500		$	50,000			$	108,000		$	103,000			$	30,000		$	25,000		$	17,000		$	17,000
Total assets	626,196			500,752				1,446,231			1,384,618				300,367			247,485			249,866			232,303
ROE	41		%	34		%		11		%	13		%		25		%	14		%	32		%	28		%
Overhead ratio	50			56				63			56				34			39			63			67


As of or for the three months ended September 30, (in millions, except ratios)	Corporate				Reconciling Items(a)				Total
	2023		2022		2023		2022		2023			2022
Noninterest revenue	$	(425)	$	(1,094)	$	(682)	$	(663)	$	17,148		$	15,198
Net interest income	1,983		792		(130)		(112)		22,726			17,518
Total net revenue	1,558		(302)		(812)		(775)		39,874			32,716
Provision for credit losses	46		(21)		—		—		1,384			1,537
Noninterest expense	696		305		—		—		21,757			19,178
Income/(loss) before income tax expense/(benefit)	816		(586)		(812)		(775)		16,733			12,001
Income tax expense/(benefit)	4		(292)		(812)		(775)		3,582			2,264
Net income/(loss)	$	812	$	(294)	$	—	$	—	$	13,151		$	9,737
Average equity	$	74,298	$	57,944	$	—	$	—	$	284,798		$	252,944
Total assets	1,275,673		1,408,726		NA		NA		3,898,333			3,773,884
ROE	NM		NM		NM		NM		18		%	15		%
Overhead ratio	NM		NM		NM		NM		55			59

(a)Segment managed results reflect revenue on an FTE basis with the corresponding income tax impact recorded within income tax expense/(benefit). These adjustments are eliminated in reconciling items to arrive at the Firm’s reported U.S. GAAP results.

(b)In the first quarter of 2023, the allocations of revenue and expense to CCB associated with a Merchant Services revenue sharing agreement were discontinued and are now retained in Payments in CIB. Prior-period amounts have been revised to conform with the current presentation.


Segment results and reconciliation(a)
As of or for the nine months ended September 30, (in millions, except ratios)	Consumer & Community Banking							Corporate & Investment Bank							Commercial Banking						Asset & Wealth Management
	2023			2022				2023			2022				2023			2022			2023			2022
Noninterest revenue	$	11,148		$	11,417		(b)	$	32,195		$	28,090		(b)	$	2,588		$	2,607		$	10,122		$	9,449
Net interest income	40,903			27,604				5,654			9,414				8,942			5,522			4,610			3,711
Total net revenue	52,051			39,021				37,849			37,504				11,530			8,129			14,732			13,160
Provision for credit losses	4,710			1,968				(89)			1,017				1,604			984			160			96
Noninterest expense	25,483			23,296			(b)	21,820			20,855			(b)	3,983			3,465			9,392			8,807
Income/(loss) before income tax expense/(benefit)	21,858			13,757				16,118			15,632				5,943			3,680			5,180			4,257
Income tax expense/(benefit)	5,414			3,397			(b)	4,513			4,021			(b)	1,453			890			1,170			1,026
Net income/(loss)	$	16,444		$	10,360			$	11,605		$	11,611			$	4,490		$	2,790		$	4,010		$	3,231
Average equity	$	53,962		$	50,000			$	108,000		$	103,000			$	29,341		$	25,000		$	16,560		$	17,000
Total assets	626,196			500,752				1,446,231			1,384,618				300,367			247,485			249,866			232,303
ROE	40		%	27		%		14		%	14		%		20		%	14		%	32		%	25		%
Overhead ratio	49			60				58			56				35			43			64			67


As of or for the nine months ended September 30, (in millions, except ratios)	Corporate				Reconciling Items(a)				Total
	2023		2022		2023		2022		2023			2022
Noninterest revenue	$	800	$	(1,683)	$	(2,539)	$	(2,250)	$	54,314		$	47,630
Net interest income	5,461		580		(354)		(313)		65,216			46,518
Total net revenue	6,261		(1,103)		(2,893)		(2,563)		119,530			94,148
Provision for credit losses	173		36		—		—		6,558			4,101
Noninterest expense	2,008		695		—		—		62,686			57,118
Income/(loss) before income tax expense/(benefit)	4,080		(1,834)		(2,893)		(2,563)		50,286			32,929
Income tax expense/(benefit)	384		(510)		(2,893)		(2,563)		10,041			6,261
Net income/(loss)	$	3,696	$	(1,324)	$	—	$	—	$	40,245		$	26,668
Average equity	$	70,147	$	56,147	$	—	$	—	$	278,010		$	251,147
Total assets	1,275,673		1,408,726		NA		NA		3,898,333			3,773,884
ROE	NM		NM		NM		NM		19		%	14		%
Overhead ratio	NM		NM		NM		NM		52			61

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Business Segments (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Segment results and reconciliation

Capital allocation


Segment results and reconciliation(a)
As of or for the three months ended September 30, (in millions, except ratios)	Consumer & Community Banking							Corporate & Investment Bank							Commercial Banking						Asset & Wealth Management
	2023			2022				2023			2022				2023			2022			2023			2022
Noninterest revenue	$	3,982		$	3,712		(b)	$	9,870		$	9,281		(b)	$	972		$	836		$	3,431		$	3,126
Net interest income	14,380			10,569				1,860			2,644				3,059			2,212			1,574			1,413
Total net revenue	18,362			14,281				11,730			11,925				4,031			3,048			5,005			4,539
Provision for credit losses	1,446			529				(185)			513				90			618			(13)			(102)
Noninterest expense	9,105			7,983			(b)	7,443			6,682			(b)	1,375			1,180			3,138			3,028
Income/(loss) before income tax expense/(benefit)	7,811			5,769				4,472			4,730				2,566			1,250			1,880			1,613
Income tax expense/(benefit)	1,916			1,425			(b)	1,380			1,208			(b)	631			304			463			394
Net income/(loss)	$	5,895		$	4,344			$	3,092		$	3,522			$	1,935		$	946		$	1,417		$	1,219
Average equity	$	55,500		$	50,000			$	108,000		$	103,000			$	30,000		$	25,000		$	17,000		$	17,000
Total assets	626,196			500,752				1,446,231			1,384,618				300,367			247,485			249,866			232,303
ROE	41		%	34		%		11		%	13		%		25		%	14		%	32		%	28		%
Overhead ratio	50			56				63			56				34			39			63			67


As of or for the three months ended September 30, (in millions, except ratios)	Corporate				Reconciling Items(a)				Total
	2023		2022		2023		2022		2023			2022
Noninterest revenue	$	(425)	$	(1,094)	$	(682)	$	(663)	$	17,148		$	15,198
Net interest income	1,983		792		(130)		(112)		22,726			17,518
Total net revenue	1,558		(302)		(812)		(775)		39,874			32,716
Provision for credit losses	46		(21)		—		—		1,384			1,537
Noninterest expense	696		305		—		—		21,757			19,178
Income/(loss) before income tax expense/(benefit)	816		(586)		(812)		(775)		16,733			12,001
Income tax expense/(benefit)	4		(292)		(812)		(775)		3,582			2,264
Net income/(loss)	$	812	$	(294)	$	—	$	—	$	13,151		$	9,737
Average equity	$	74,298	$	57,944	$	—	$	—	$	284,798		$	252,944
Total assets	1,275,673		1,408,726		NA		NA		3,898,333			3,773,884
ROE	NM		NM		NM		NM		18		%	15		%
Overhead ratio	NM		NM		NM		NM		55			59


Segment results and reconciliation(a)
As of or for the nine months ended September 30, (in millions, except ratios)	Consumer & Community Banking							Corporate & Investment Bank							Commercial Banking						Asset & Wealth Management
	2023			2022				2023			2022				2023			2022			2023			2022
Noninterest revenue	$	11,148		$	11,417		(b)	$	32,195		$	28,090		(b)	$	2,588		$	2,607		$	10,122		$	9,449
Net interest income	40,903			27,604				5,654			9,414				8,942			5,522			4,610			3,711
Total net revenue	52,051			39,021				37,849			37,504				11,530			8,129			14,732			13,160
Provision for credit losses	4,710			1,968				(89)			1,017				1,604			984			160			96
Noninterest expense	25,483			23,296			(b)	21,820			20,855			(b)	3,983			3,465			9,392			8,807
Income/(loss) before income tax expense/(benefit)	21,858			13,757				16,118			15,632				5,943			3,680			5,180			4,257
Income tax expense/(benefit)	5,414			3,397			(b)	4,513			4,021			(b)	1,453			890			1,170			1,026
Net income/(loss)	$	16,444		$	10,360			$	11,605		$	11,611			$	4,490		$	2,790		$	4,010		$	3,231
Average equity	$	53,962		$	50,000			$	108,000		$	103,000			$	29,341		$	25,000		$	16,560		$	17,000
Total assets	626,196			500,752				1,446,231			1,384,618				300,367			247,485			249,866			232,303
ROE	40		%	27		%		14		%	14		%		20		%	14		%	32		%	25		%
Overhead ratio	49			60				58			56				35			43			64			67


As of or for the nine months ended September 30, (in millions, except ratios)	Corporate				Reconciling Items(a)				Total
	2023		2022		2023		2022		2023			2022
Noninterest revenue	$	800	$	(1,683)	$	(2,539)	$	(2,250)	$	54,314		$	47,630
Net interest income	5,461		580		(354)		(313)		65,216			46,518
Total net revenue	6,261		(1,103)		(2,893)		(2,563)		119,530			94,148
Provision for credit losses	173		36		—		—		6,558			4,101
Noninterest expense	2,008		695		—		—		62,686			57,118
Income/(loss) before income tax expense/(benefit)	4,080		(1,834)		(2,893)		(2,563)		50,286			32,929
Income tax expense/(benefit)	384		(510)		(2,893)		(2,563)		10,041			6,261
Net income/(loss)	$	3,696	$	(1,324)	$	—	$	—	$	40,245		$	26,668
Average equity	$	70,147	$	56,147	$	—	$	—	$	278,010		$	251,147
Total assets	1,275,673		1,408,726		NA		NA		3,898,333			3,773,884
ROE	NM		NM		NM		NM		19		%	14		%
Overhead ratio	NM		NM		NM		NM		52			61

Fair Value Measurement - Recurring Basis (Details) - USD ($) $ in Millions	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	$ 615,519		$ 639,593
Derivative netting adjustments	(548,449)		(568,713)
Total derivative receivables	67,070		70,880
Trading assets	601,993		453,799
Available-for-sale securities	197,119		205,857
Loans	38,808		42,079
Mortgage servicing rights	9,109	$ 8,229	7,973	$ 8,140	$ 7,439	$ 5,494
Gross derivative payables	603,490		637,513
Derivative netting adjustments	(561,527)		(586,372)
Total derivative payables	41,963		51,141
Interest rate
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	290,941		300,415
Derivative netting adjustments	(259,844)		(271,996)
Total derivative receivables	31,097		28,419
Gross derivative payables	277,805		290,291
Derivative netting adjustments	(261,831)		(274,321)
Total derivative payables	15,974		15,970
Credit
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	11,616		10,329
Derivative netting adjustments	(10,298)		(9,239)
Total derivative receivables	1,318		1,090
Gross derivative payables	11,375		9,971
Derivative netting adjustments	(10,493)		(9,217)
Total derivative payables	882		754
Foreign exchange
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	237,316		241,579
Derivative netting adjustments	(214,708)		(218,214)
Total derivative receivables	22,608		23,365
Gross derivative payables	234,424		251,521
Derivative netting adjustments	(221,519)		(232,665)
Total derivative payables	12,905		18,856
Equity
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	58,178		61,913
Derivative netting adjustments	(52,458)		(52,774)
Total derivative receivables	5,720		9,139
Gross derivative payables	62,329		62,461
Derivative netting adjustments	(55,424)		(53,657)
Total derivative payables	6,905		8,804
Commodity
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	17,468		25,357
Derivative netting adjustments	(11,141)		(16,490)
Total derivative receivables	6,327		8,867
Gross derivative payables	17,557		23,269
Derivative netting adjustments	(12,260)		(16,512)
Total derivative payables	5,297		6,757
Total mortgage-backed securities
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	88,653		78,081
Mortgage-backed securities, Commercial - nonagency
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	2,558		1,958
U.S. Treasury, GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	53,359		92,060
Obligations of U.S. states and municipalities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	6,300		6,600
Available-for-sale securities	19,662		6,786
Non-U.S. government debt securities
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	26,513		19,696
Corporate debt securities
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	194		357
Asset-backed securities
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	8,738
Asset-backed securities, Collateralized loan obligations
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	5,703		5,792
Fair Value Measured at Net Asset Value Per Share
Assets and liabilities measured at fair value on a recurring basis
Trading assets	42		43
Fair value assets and liabilities measured on recurring basis - supplemental data
Alternative investments, net asset value, fair value	1,000		950
Other assets	997		907
Recurring
Assets and liabilities measured at fair value on a recurring basis
Federal funds sold and securities purchased under resale agreements	344,193		311,883
Securities borrowed	68,046		70,041
Total debt and equity instruments	534,881		382,876
Derivative netting adjustments	(548,449)		(568,713)
Total derivative receivables	67,070		70,880
Trading assets	601,951		453,756
Available-for-sale securities	197,119		205,857
Loans	38,808		42,079
Mortgage servicing rights	9,109		7,973
Total assets measured at fair value on a recurring basis	1,272,397		1,105,603
Deposits	65,006		28,620
Federal funds purchased and securities loaned or sold under repurchase agreements	211,571		151,999
Short-term borrowings	19,289		15,792
Trading liabilities, debt and equity instruments	165,494		126,835
Derivative netting adjustments	(561,527)		(586,372)
Total derivative payables	41,963		51,141
Trading liabilities	207,457		177,976
Accounts payable and other liabilities	4,492		7,038
Beneficial interests issued by consolidated VIEs	66		5
Long-term debt	78,357		72,281
Total liabilities measured at fair value on a recurring basis	586,238		453,711
Recurring \| Interest rate
Assets and liabilities measured at fair value on a recurring basis
Derivative netting adjustments	(259,844)		(271,996)
Total derivative receivables	31,097		28,419
Derivative netting adjustments	(261,831)		(274,321)
Total derivative payables	15,974		15,970
Recurring \| Credit
Assets and liabilities measured at fair value on a recurring basis
Derivative netting adjustments	(10,298)		(9,239)
Total derivative receivables	1,318		1,090
Derivative netting adjustments	(10,493)		(9,217)
Total derivative payables	882		754
Recurring \| Foreign exchange
Assets and liabilities measured at fair value on a recurring basis
Derivative netting adjustments	(214,708)		(218,214)
Total derivative receivables	22,608		23,365
Derivative netting adjustments	(221,519)		(232,665)
Total derivative payables	12,905		18,856
Recurring \| Equity
Assets and liabilities measured at fair value on a recurring basis
Derivative netting adjustments	(52,458)		(52,774)
Total derivative receivables	5,720		9,139
Derivative netting adjustments	(55,424)		(53,657)
Total derivative payables	6,905		8,804
Recurring \| Commodity
Assets and liabilities measured at fair value on a recurring basis
Derivative netting adjustments	(11,141)		(16,490)
Total derivative receivables	6,327		8,867
Derivative netting adjustments	(12,260)		(16,512)
Total derivative payables	5,297		6,757
Recurring \| Other assets
Assets and liabilities measured at fair value on a recurring basis
Other assets	13,171		14,014
Fair value assets and liabilities measured on recurring basis - supplemental data
Other assets	14,168		14,921
Recurring \| Total debt instruments
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	368,660		253,188
Recurring \| Total mortgage-backed securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	93,262		72,879
Available-for-sale securities	88,653		78,081
Recurring \| Mortgage-backed securities, U.S. GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	89,403		68,921
Available-for-sale securities	82,517		71,503
Recurring \| Mortgage-backed securities, Residential - nonagency
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	2,169		2,503
Available-for-sale securities	3,578		4,620
Recurring \| Mortgage-backed securities, Commercial - nonagency
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	1,690		1,455
Available-for-sale securities	2,558		1,958
Recurring \| U.S. Treasury, GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	132,492		69,737
Available-for-sale securities	53,359		92,060
Recurring \| Obligations of U.S. states and municipalities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	6,274		6,615
Available-for-sale securities	19,662		6,786
Recurring \| Certificates of deposit, bankers’ acceptances and commercial paper
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	2,760		2,009
Recurring \| Non-U.S. government debt securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	89,374		66,797
Available-for-sale securities	26,513		19,696
Recurring \| Corporate debt securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	33,386		26,089
Available-for-sale securities	194		357
Recurring \| Loans
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	8,146		6,503
Recurring \| Asset-backed securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	2,966		2,559
Recurring \| Equity securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	137,007		85,208
Recurring \| Physical commodities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	13,071		26,270
Recurring \| Other
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	16,143		18,210
Recurring \| Asset-backed securities, Collateralized loan obligations
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	5,703		5,792
Recurring \| Asset-backed securities, Other
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	3,035		3,085
Recurring \| U.S. GSE obligations
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	90,800		73,800
Recurring \| Residential mortgage
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	9,400		9,700
Recurring \| Commercial mortgage
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	6,200		6,800
Recurring \| Residential conforming mortgage intended for sale to U.S. GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	3,700		2,400
Recurring \| Level 1
Assets and liabilities measured at fair value on a recurring basis
Federal funds sold and securities purchased under resale agreements	0		0
Securities borrowed	0		0
Total debt and equity instruments	296,302		171,482
Gross derivative receivables	6,204		3,559
Trading assets	302,506		175,041
Available-for-sale securities	71,443		102,654
Loans	0		0
Mortgage servicing rights	0		0
Total assets measured at fair value on a recurring basis	380,003		285,239
Deposits	0		0
Federal funds purchased and securities loaned or sold under repurchase agreements	0		0
Short-term borrowings	0		0
Trading liabilities, debt and equity instruments	132,323		98,719
Gross derivative payables	4,149		2,803
Trading liabilities	136,472		101,522
Accounts payable and other liabilities	2,999		5,702
Beneficial interests issued by consolidated VIEs	0		0
Long-term debt	0		0
Total liabilities measured at fair value on a recurring basis	139,471		107,224
Recurring \| Level 1 \| Interest rate
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	5,929		3,390
Gross derivative payables	3,880		2,643
Recurring \| Level 1 \| Credit
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	0		0
Gross derivative payables	0		0
Recurring \| Level 1 \| Foreign exchange
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	275		169
Gross derivative payables	269		160
Recurring \| Level 1 \| Equity
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	0		0
Gross derivative payables	0		0
Recurring \| Level 1 \| Commodity
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	0		0
Gross derivative payables	0		0
Recurring \| Level 1 \| Other assets
Assets and liabilities measured at fair value on a recurring basis
Other assets	6,054		7,544
Recurring \| Level 1 \| Total debt instruments
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	157,765		79,404
Recurring \| Level 1 \| Total mortgage-backed securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	0		0
Available-for-sale securities	6		3
Recurring \| Level 1 \| Mortgage-backed securities, U.S. GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	0		0
Available-for-sale securities	6		3
Recurring \| Level 1 \| Mortgage-backed securities, Residential - nonagency
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	0		0
Available-for-sale securities	0		0
Recurring \| Level 1 \| Mortgage-backed securities, Commercial - nonagency
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	0		0
Available-for-sale securities	0		0
Recurring \| Level 1 \| U.S. Treasury, GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	123,392		61,191
Available-for-sale securities	53,241		92,060
Recurring \| Level 1 \| Obligations of U.S. states and municipalities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	0		0
Available-for-sale securities	0		0
Recurring \| Level 1 \| Certificates of deposit, bankers’ acceptances and commercial paper
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	0		0
Recurring \| Level 1 \| Non-U.S. government debt securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	34,373		18,213
Available-for-sale securities	18,196		10,591
Recurring \| Level 1 \| Corporate debt securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	0		0
Available-for-sale securities	0		0
Recurring \| Level 1 \| Loans
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	0		0
Recurring \| Level 1 \| Asset-backed securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	0		0
Recurring \| Level 1 \| Equity securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	135,880		82,483
Recurring \| Level 1 \| Physical commodities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	2,657		9,595
Recurring \| Level 1 \| Other
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	0		0
Recurring \| Level 1 \| Asset-backed securities, Collateralized loan obligations
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	0		0
Recurring \| Level 1 \| Asset-backed securities, Other
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	0		0
Recurring \| Level 2
Assets and liabilities measured at fair value on a recurring basis
Federal funds sold and securities purchased under resale agreements	344,193		311,883
Securities borrowed	68,046		70,041
Total debt and equity instruments	235,657		208,485
Gross derivative receivables	598,671		625,352
Trading assets	834,328		833,837
Available-for-sale securities	125,616		102,964
Loans	35,125		40,661
Mortgage servicing rights	0		0
Total assets measured at fair value on a recurring basis	1,413,537		1,365,451
Deposits	63,154		26,458
Federal funds purchased and securities loaned or sold under repurchase agreements	211,571		151,999
Short-term borrowings	17,344		14,391
Trading liabilities, debt and equity instruments	33,130		28,032
Gross derivative payables	587,228		624,701
Trading liabilities	620,358		652,733
Accounts payable and other liabilities	1,430		1,283
Beneficial interests issued by consolidated VIEs	66		5
Long-term debt	53,510		48,189
Total liabilities measured at fair value on a recurring basis	967,433		895,058
Recurring \| Level 2 \| Interest rate
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	280,613		292,956
Gross derivative payables	268,415		284,280
Recurring \| Level 2 \| Credit
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	10,418		9,722
Gross derivative payables	10,728		9,377
Recurring \| Level 2 \| Foreign exchange
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	235,721		240,207
Gross derivative payables	233,348		250,647
Recurring \| Level 2 \| Equity
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	54,647		57,485
Gross derivative payables	57,499		57,649
Recurring \| Level 2 \| Commodity
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	17,272		24,982
Gross derivative payables	17,238		22,748
Recurring \| Level 2 \| Other assets
Assets and liabilities measured at fair value on a recurring basis
Other assets	6,229		6,065
Recurring \| Level 2 \| Total debt instruments
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	208,232		171,606
Recurring \| Level 2 \| Total mortgage-backed securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	92,465		72,108
Available-for-sale securities	88,647		78,078
Recurring \| Level 2 \| Mortgage-backed securities, U.S. GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	88,624		68,162
Available-for-sale securities	82,511		71,500
Recurring \| Level 2 \| Mortgage-backed securities, Residential - nonagency
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	2,164		2,498
Available-for-sale securities	3,578		4,620
Recurring \| Level 2 \| Mortgage-backed securities, Commercial - nonagency
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	1,677		1,448
Available-for-sale securities	2,558		1,958
Recurring \| Level 2 \| U.S. Treasury, GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	9,100		8,546
Available-for-sale securities	118		0
Recurring \| Level 2 \| Obligations of U.S. states and municipalities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	6,265		6,608
Available-for-sale securities	19,662		6,786
Recurring \| Level 2 \| Certificates of deposit, bankers’ acceptances and commercial paper
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	2,760		2,009
Recurring \| Level 2 \| Non-U.S. government debt securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	54,850		48,429
Available-for-sale securities	8,317		9,105
Recurring \| Level 2 \| Corporate debt securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	32,734		25,626
Available-for-sale securities	134		118
Recurring \| Level 2 \| Loans
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	7,098		5,744
Recurring \| Level 2 \| Asset-backed securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	2,960		2,536
Recurring \| Level 2 \| Equity securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	976		2,060
Recurring \| Level 2 \| Physical commodities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	10,409		16,673
Recurring \| Level 2 \| Other
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	16,040		18,146
Recurring \| Level 2 \| Asset-backed securities, Collateralized loan obligations
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	5,703		5,792
Recurring \| Level 2 \| Asset-backed securities, Other
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	3,035		3,085
Recurring \| Level 3
Assets and liabilities measured at fair value on a recurring basis
Federal funds sold and securities purchased under resale agreements	0		0
Securities borrowed	0		0
Total debt and equity instruments	2,922		2,909
Gross derivative receivables	10,644		10,682
Trading assets	13,566		13,591
Available-for-sale securities	60		239
Loans	3,683		1,418
Mortgage servicing rights	9,109		7,973
Total assets measured at fair value on a recurring basis	27,306		23,626
Deposits	1,852		2,162
Federal funds purchased and securities loaned or sold under repurchase agreements	0		0
Short-term borrowings	1,945		1,401
Trading liabilities, debt and equity instruments	41		84
Gross derivative payables	12,113		10,009
Trading liabilities	12,154		10,093
Accounts payable and other liabilities	63		53
Beneficial interests issued by consolidated VIEs	0		0
Long-term debt	24,847		24,092
Total liabilities measured at fair value on a recurring basis	40,861		37,801
Recurring \| Level 3 \| Interest rate
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	4,399		4,069
Gross derivative payables	5,510		3,368
Recurring \| Level 3 \| Credit
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	1,198		607
Gross derivative payables	647		594
Recurring \| Level 3 \| Foreign exchange
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	1,320		1,203
Gross derivative payables	807		714
Recurring \| Level 3 \| Equity
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	3,531		4,428
Gross derivative payables	4,830		4,812
Recurring \| Level 3 \| Commodity
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	196		375
Gross derivative payables	319		521
Recurring \| Level 3 \| Other assets
Assets and liabilities measured at fair value on a recurring basis
Other assets	888		405
Recurring \| Level 3 \| Total debt instruments
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	2,663		2,178
Recurring \| Level 3 \| Total mortgage-backed securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	797		771
Available-for-sale securities	0		0
Recurring \| Level 3 \| Mortgage-backed securities, U.S. GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	779		759
Available-for-sale securities	0		0
Recurring \| Level 3 \| Mortgage-backed securities, Residential - nonagency
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	5		5
Available-for-sale securities	0		0
Recurring \| Level 3 \| Mortgage-backed securities, Commercial - nonagency
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	13		7
Available-for-sale securities	0		0
Recurring \| Level 3 \| U.S. Treasury, GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	0		0
Available-for-sale securities	0		0
Recurring \| Level 3 \| Obligations of U.S. states and municipalities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	9		7
Available-for-sale securities	0		0
Recurring \| Level 3 \| Certificates of deposit, bankers’ acceptances and commercial paper
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	0		0
Recurring \| Level 3 \| Non-U.S. government debt securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	151		155
Available-for-sale securities	0		0
Recurring \| Level 3 \| Corporate debt securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	652		463
Available-for-sale securities	60		239
Recurring \| Level 3 \| Loans
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	1,048		759
Recurring \| Level 3 \| Asset-backed securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	6		23
Recurring \| Level 3 \| Equity securities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	151		665
Recurring \| Level 3 \| Physical commodities
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	5		2
Recurring \| Level 3 \| Other
Assets and liabilities measured at fair value on a recurring basis
Total debt and equity instruments	103		64
Recurring \| Level 3 \| Asset-backed securities, Collateralized loan obligations
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	0		0
Recurring \| Level 3 \| Asset-backed securities, Other
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	$ 0		$ 0

Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2023

Variable Interest Entities [Abstract]

Schedule of significant types of variable interest entities by business segment


Line of Business	Transaction Type	Activity	Form 10-Q page references
CCB	Credit card securitization trusts	Securitization of originated credit card receivables	165
	Mortgage securitization trusts	Servicing and securitization of both originated and purchased residential mortgages	165–167
CIB	Mortgage and other securitization trusts	Securitization of both originated and purchased residential and commercial mortgages, and other consumer loans	165–167
	Multi-seller conduits	Assisting clients in accessing the financial markets in a cost-efficient manner and structuring transactions to meet investor needs	167
	Municipal bond vehicles	Financing of municipal bond investments	167

Firm-sponsored mortgage and other consumer securitization trusts


	Principal amount outstanding						JPMorgan Chase interest in securitized assets in nonconsolidated VIEs(c)(d)(e)
September 30, 2023 (in millions)	Total assets held by securitization VIEs		Assets held in consolidated securitization VIEs		Assets held in nonconsolidated securitization VIEs with continuing involvement		Trading assets		Investment securities		Other financial assets		Total interests held by JPMorgan Chase
Securitization-related(a)
Residential mortgage:
Prime/Alt-A and option ARMs	$	58,068	$	694	$	38,600	$	579	$	2,002	$	41	$	2,622
Subprime	9,089		—		1,290		3		—		—		3
Commercial and other(b)	167,402		80		129,838		899		5,634		1,368		7,901
Total	$	234,559	$	774	$	169,728	$	1,481	$	7,636	$	1,409	$	10,526


	Principal amount outstanding						JPMorgan Chase interest in securitized assets in nonconsolidated VIEs(c)(d)(e)
December 31, 2022 (in millions)	Total assets held by securitization VIEs		Assets held in consolidated securitization VIEs		Assets held in nonconsolidated securitization VIEs with continuing involvement		Trading assets		Investment securities		Other financial assets		Total interests held by JPMorgan Chase
Securitization-related(a)
Residential mortgage:
Prime/Alt-A and option ARMs	$	55,362	$	754	$	37,058	$	744	$	1,918	$	—	$	2,662
Subprime	9,709		—		1,743		10		—		—		10
Commercial and other(b)	164,915		—		127,037		888		5,373		670		6,931
Total	$	229,986	$	754	$	165,838	$	1,642	$	7,291	$	670	$	9,603

(a)Excludes U.S. GSEs and government agency securitizations and re-securitizations, which are not Firm-sponsored.

(b)Consists of securities backed by commercial real estate loans and non-mortgage-related consumer receivables.

(d)Includes interests held in re-securitization transactions.

Schedule of re-securitizations

The following table presents the principal amount of securities transferred to re-securitization VIEs.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Transfers of securities to VIEs
U.S. GSEs and government agencies	$	4,521	$	1,417	$	14,188	$	14,866

The following table presents information on the Firm's interests in nonconsolidated re-securitization VIEs.


	Nonconsolidated re-securitization VIEs
(in millions)	September 30, 2023		December 31, 2022
U.S. GSEs and government agencies
Interest in VIEs	$	3,287	$	2,580

Information on assets and liabilities related to VIEs that are consolidated by the Firm

The following table presents information on assets and liabilities related to VIEs consolidated by the Firm as of September 30, 2023 and December 31, 2022.


	Assets									Liabilities
September 30, 2023 (in millions)	Trading assets		Loans			Other(b)		Total assets(c)		Beneficial interests in VIE assets(d)		Other(e)		Total liabilities
VIE program type
Firm-sponsored credit card trusts	$	—	$	9,003		$	112	$	9,115	$	2,997	$	6	$	3,003
Firm-administered multi-seller conduits	1		28,276			196		28,473		19,817		29		19,846
Municipal bond vehicles	1,725		—			26		1,751		1,888		11		1,899
Mortgage securitization entities(a)	—		712			8		720		128		58		186
Other	54		185			251		490		66		140		206
Total	$	1,780	$	38,176		$	593	$	40,549	$	24,896	$	244	$	25,140

	Assets									Liabilities
December 31, 2022 (in millions)	Trading assets		Loans			Other(b)		Total assets(c)		Beneficial interests in VIE assets(d)		Other(e)		Total liabilities
VIE program type
Firm-sponsored credit card trusts	$	—	$	9,699		$	100	$	9,799	$	1,999	$	2	$	2,001
Firm-administered multi-seller conduits	—		22,819			170		22,989		9,236		39		9,275
Municipal bond vehicles	2,089		—			7		2,096		1,232		10		1,242
Mortgage securitization entities(a)	—		781			10		791		143		67		210
Other	62		1,112		(f)	263		1,437		—		161		161
Total	$	2,151	$	34,411		$	550	$	37,112	$	12,610	$	279	$	12,889

(a)Includes residential mortgage securitizations.

(b)Includes assets classified as cash and other assets on the Consolidated balance sheets.

(e)Includes liabilities classified as accounts payable and other liabilities on the Consolidated balance sheets.

(f)Primarily includes purchased supply chain finance receivables and purchased auto loan securitizations in CIB.

Securitization activities


	Three months ended September 30,								Nine months ended September 30,
	2023				2022				2023				2022
(in millions)	Residential mortgage(d)		Commercial and other(e)		Residential mortgage(d)		Commercial and other(e)		Residential mortgage(d)		Commercial and other(e)		Residential mortgage(d)		Commercial and other(e)
Principal securitized	$	2,721	$	2,737	$	386	$	1,297	$	6,010	$	3,113	$	9,909	$	8,355
All cash flows during the period:(a)
Proceeds received from loan sales as financial instruments(b)(c)	$	2,585	$	2,726	$	375	$	1,278	$	5,738	$	3,106	$	9,504	$	8,253
Servicing fees collected	6		2		12		—		18		3		56		—
Cash flows received on interests	89		126		131		71		249		304		413		196

(a)Excludes re-securitization transactions.

(b)Predominantly includes Level 2 assets.

(c)The carrying value of the loans accounted for at fair value approximated the proceeds received upon loan sale.

(d)Represents prime mortgages. Excludes loan securitization activity related to U.S. GSEs and government agencies.

(e)Includes commercial mortgage and other consumer loans.

Summary of loan sale activities

The following table summarizes the activities related to loans sold to the U.S. GSEs, and loans in securitization transactions pursuant to Ginnie Mae guidelines.


	Three months ended September 30,				Nine months ended September 30,
(in millions)	2023		2022		2023		2022
Carrying value of loans sold	$	5,582	$	9,501	$	14,603	$	43,890
Proceeds received from loan sales as cash	119		2		159		15
Proceeds from loan sales as securities(a)(b)	5,397		9,352		14,279		43,161
Total proceeds received from loan sales(c)	$	5,516	$	9,354	$	14,438	$	43,176
Gains/(losses) on loan sales(d)(e)	$	—	$	(25)	$	—	$	(25)

(a)Includes securities from U.S. GSEs and Ginnie Mae that are generally sold shortly after receipt or retained as part of the Firm’s investment securities portfolio.

(b)Included in level 2 assets.

(c)Excludes the value of MSRs retained upon the sale of loans.

(d)Gains/(losses) on loan sales include the value of MSRs.

(e)The carrying value of the loans accounted for at fair value approximated the proceeds received upon loan sale.

Schedule options to repurchase delinquent loans


(in millions)	September 30, 2023		December 31, 2022
Loans repurchased or option to repurchase(a)	$	769	$	839
Real estate owned	8		10
Foreclosed government-guaranteed residential mortgage loans(b)	24		27

(a)Predominantly all of these amounts relate to loans that have been repurchased from Ginnie Mae loan pools.

(b)Relates to voluntary repurchases of loans, which are included in accrued interest and accounts receivable.

Information about loan delinquencies and liquidation losses


									Net liquidation losses/(recoveries)
	Securitized assets				90 days past due				Three months ended September 30,				Nine months ended September 30,
(in millions)	September 30, 2023		December 31, 2022		September 30, 2023		December 31, 2022		2023		2022		2023		2022
Securitized loans
Residential mortgage:
Prime / Alt-A & option ARMs	$	38,600	$	37,058	$	471	$	511	$	2	$	(5)	$	12	$	(32)
Subprime	1,290		1,743		131		212		1		(1)		5		(4)
Commercial and other	129,838		127,037		2,342		948		40		11		59		22
Total loans securitized	$	169,728	$	165,838	$	2,944	$	1,671	$	43	$	5	$	76	$	(14)

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

Derivative Instruments - Cumulative Fair Value Hedging Adjustments (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged items:
Cumulative basis adjustments for active hedging relationships	$ (2,891)
Commodity contracts
Assets
Carrying amount of the hedged items	11,900	$ 26,000
Long-term debt
Liabilities
Carrying amount of the hedged items	180,160	175,257
Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged items:
Active hedging relationships	(7,717)	(11,879)
Discontinued hedging relationships	(9,191)	(3,313)
Total	(16,908)	(15,192)
Long-term debt \| Not designated as hedges
Liabilities
Carrying amount of the hedged items	209	221
Investment securities
Assets
Carrying amount of the hedged items	129,501	84,073
Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged items:
Active hedging relationships	(5,006)	(4,149)
Discontinued hedging relationships	(3,636)	(1,542)
Total	(8,642)	(5,691)
Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged items:
Amortized cost of the closed portfolio	64,900
Designated hedged items in active hedging relationships	63,500
Cumulative basis adjustments	(3,100)
Cumulative basis adjustments for active hedging relationships	(2,900)
Cumulative basis adjustments for discontinued hedging relationships	(207)
Investment securities \| Not designated as hedges
Assets
Carrying amount of the hedged items	$ 24,900	$ 20,300

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Leases - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Leases [Abstract]
Net rental expense	$ 538	$ 496	$ 1,500	$ 1,500

Fair Value Option - Structured Note Products by Balance Sheet Classification and Risk Component (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	$ 148,718	$ 105,029
Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	95,315	56,888
Credit
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	5,111	4,275
Foreign exchange
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	3,438	3,512
Equity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	42,843	38,681
Commodity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	2,011	1,673
Long-term debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	77,564	71,271
Long-term debt \| Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	34,449	31,973
Long-term debt \| Credit
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	4,746	4,105
Long-term debt \| Foreign exchange
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	2,373	2,674
Long-term debt \| Equity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	34,007	30,864
Long-term debt \| Commodity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	1,989	1,655
Short-term borrowings
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	7,460	5,506
Short-term borrowings \| Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	271	260
Short-term borrowings \| Credit
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	365	170
Short-term borrowings \| Foreign exchange
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	953	788
Short-term borrowings \| Equity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	5,850	4,272
Short-term borrowings \| Commodity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	21	16
Deposits
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	63,694	28,252
Deposits \| Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	60,595	24,655
Deposits \| Credit
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	0	0
Deposits \| Foreign exchange
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	112	50
Deposits \| Equity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	2,986	3,545
Deposits \| Commodity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	1	2
Excluded amount of deposits linked to precious metals for which fair value option was not elected	$ 587	$ 602