JPMorgan Chase & Co. (JPM) 10-Q 3 May 23 2023 Q1 Quarterly report Financial data

Cover

Cover	3 Months Ended
	Mar. 31, 2023 shares
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 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	2,922,288,509
Entity Central Index Key	0000019617
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
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

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenue
Investment banking fees	$ 1,649	$ 2,008
Principal transactions	7,615	5,105
Lending- and deposit-related fees	1,620	1,839
Asset management fees	3,465	3,652
Commissions and other fees	1,695	1,710
Investment securities losses	(868)	(394)
Mortgage fees and related income	221	460
Card income	1,234	975
Other income	1,007	1,490
Noninterest revenue	17,638	16,845
Interest income	37,004	15,496
Interest expense	16,293	1,624
Net interest income	20,711	13,872
Total net revenue	38,349	30,717
Provision for credit losses	2,275	1,463
Noninterest expense
Compensation expense	11,676	10,787
Occupancy expense	1,115	1,134
Technology, communications and equipment expense	2,184	2,360
Professional and outside services	2,448	2,572
Marketing	1,045	920
Other expense	1,639	1,418
Total noninterest expense	20,107	19,191
Income before income tax expense	15,967	10,063
Income tax expense	3,345	1,781
Net income	12,622	8,282
Net income applicable to common stockholders	12,193	7,845
Net income applicable to common stockholders	$ 12,193	$ 7,845
Net income per common share data
Basic earnings per share (in dollars per share)	$ 4.11	$ 2.64
Diluted earnings per share (in dollars per share)	$ 4.10	$ 2.63
Weighted-average basic shares (in shares)	2,968.5	2,977
Weighted-average diluted shares (in shares)	2,972.7	2,981

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 12,622	$ 8,282
Other comprehensive income/(loss), after–tax
Unrealized gains/(losses) on investment securities	2,212	(7,453)
Translation adjustments, net of hedges	197	(62)
Fair value hedges	(21)	110
Cash flow hedges	798	(2,791)
Defined benefit pension and OPEB plans	(55)	67
DVA on fair value option elected liabilities	(208)	646
Total other comprehensive income/(loss), after–tax	2,923	(9,483)
Comprehensive income/(loss)	$ 15,545	$ (1,201)

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions		Mar. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks		$ 25,098	$ 27,697
Deposits with banks		520,902	539,537
Federal funds sold and securities purchased under resale agreements (included $309,336 and $311,883 at fair value)		317,111	315,592
Securities borrowed (included $68,514 and $70,041 at fair value)		195,917	185,369
Trading assets (included assets pledged of $122,046 and $93,687)		578,892	453,799
Available-for-sale securities (amortized cost of $204,671 and $216,188; included assets pledged of $13,739 and $9,158)		197,248	205,857
Held-to-maturity securities		412,827	425,305
Investment securities, net of allowance for credit losses		610,075	631,162
Loans (included $38,546 and $42,079 at fair value)		1,128,896	1,135,647
Allowance for loan losses		(20,053)	(19,726)
Loans, net of allowance for loan losses		1,108,843	1,115,921
Accrued interest and accounts receivable		115,316	125,189
Premises and equipment		28,266	27,734
Goodwill, MSRs and other intangible assets		62,090	60,859
Other assets (included $14,434 and $14,921 at fair value and assets pledged of $7,164 and $7,998)		181,795	182,884
Total assets	[1]	3,744,305	3,665,743
Liabilities
Deposits (included $41,580 and $28,620 at fair value)		2,377,253	2,340,179
Federal funds purchased and securities loaned or sold under repurchase agreements (included $192,290 and $151,999 at fair value)		246,396	202,613
Short-term borrowings (included $18,074 and $15,792 at fair value)		42,241	44,027
Trading liabilities		189,864	177,976
Accounts payable and other liabilities (included $6,697 and $7,038 at fair value)		275,077	300,141
Beneficial interests issued by consolidated VIEs (included $1 and $5 at fair value)		14,903	12,610
Long-term debt (included $76,185 and $72,281 at fair value)		295,489	295,865
Total liabilities	[1]	3,441,223	3,373,411
Commitments and contingencies (refer to Notes 22, 23 and 24)
Stockholders’ equity
Preferred stock ($1 par value; authorized 200,000,000 shares; issued 2,740,375 and 2,740,375 shares)		27,404	27,404
Common stock ($1 par value; authorized 9,000,000,000 shares; issued 4,104,933,895 shares)		4,105	4,105
Additional paid-in capital		89,155	89,044
Retained earnings		306,208	296,456
Accumulated other comprehensive losses		(14,418)	(17,341)
Treasury stock, at cost (1,182,645,386 and 1,170,676,094 shares)		(109,372)	(107,336)
Total stockholders’ equity		303,082	292,332
Total liabilities and stockholders’ equity		3,744,305	3,665,743
VIEs consolidated by the Firm
Assets
Trading assets (included assets pledged of $122,046 and $93,687)		2,033	2,151
Loans, net of allowance for loan losses		33,242	34,411
Other assets (included $14,434 and $14,921 at fair value and assets pledged of $7,164 and $7,998)		533	550
Total assets		35,808	37,112
Liabilities
Beneficial interests issued by consolidated VIEs (included $1 and $5 at fair value)		14,903	12,610
All other liabilities		255	279
Total liabilities		$ 15,158	$ 12,889
[1]The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at March 31, 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 13 for a further discussion. (in millions) March 31, 2023 December 31, 2022 Assets Trading assets $ 2,033 $ 2,151 Loans 33,242 34,411 All other assets 533 550 Total assets $ 35,808 $ 37,112 Liabilities Beneficial interests issued by consolidated VIEs $ 14,903 $ 12,610 All other liabilities 255 279 Total liabilities $ 15,158 $ 12,889

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Assets
Trading assets pledged	$ 578,892	$ 453,799
Available-for-sale securities, amortized cost, net of allowance for credit losses	204,671	216,188
Available-for-sale securities	197,248	205,857
Loans at fair value	38,546	42,079
Other assets pledged	$ 181,795	$ 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)	1,182,645,386	1,170,676,094
Assets pledged
Assets
Trading assets pledged	$ 122,046	$ 93,687
Available-for-sale securities	13,739	9,158
Other assets pledged	7,164	7,998
Recurring
Assets
Federal funds sold and securities purchased under resale agreements at fair value	309,336	311,883
Securities borrowed at fair value	68,514	70,041
Trading assets pledged	578,852	453,756
Available-for-sale securities	197,248	205,857
Loans at fair value	38,546	42,079
Liabilities
Deposits at fair value	41,580	28,620
Federal funds purchased and securities loaned or sold under repurchase agreements at fair value	192,290	151,999
Short-term borrowings at fair value	18,074	15,792
Accounts payable and other liabilities at fair value	6,697	7,038
Beneficial interests issued by consolidated VIEs at fair value	1	5
Long-term debt at fair value	76,185	72,281
Recurring | Other assets
Assets
Other assets at fair value	$ 14,434	$ 14,921

Consolidated Statements of Chan

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				(155)
Net income	$ 8,282				8,282
Dividends declared:
Preferred stock					(397)
Common stock ($1.00 and $1.00 per share, respectively)					(2,976)
Other comprehensive income/(loss), after-tax	(9,483)						(9,483)
Repurchase								(2,500)
Reissuance								1,001
Ending balance at Mar. 31, 2022	285,899	32,838	4,105	88,260	277,177		(9,567)	(106,914)
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				111
Net income	12,622				12,622
Dividends declared:
Preferred stock					(356)
Common stock ($1.00 and $1.00 per share, respectively)					(2,963)
Other comprehensive income/(loss), after-tax	2,923						2,923
Repurchase								(2,955)
Reissuance								919
Ending balance at Mar. 31, 2023	$ 303,082	$ 27,404	$ 4,105	$ 89,155	$ 306,208		$ (14,418)	$ (109,372)

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Dividends declared:
Dividends declared, Common stock (in dollars per share)	$ 1	$ 1

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Operating activities
Net income	$ 12,622	$ 8,282
Adjustments to reconcile net income to net cash used in operating activities:
Provision for credit losses	2,275	1,463
Depreciation and amortization	1,649	1,820
Deferred tax (benefit)/expense	(606)	(730)
Other	1,738	1,200
Originations and purchases of loans held-for-sale	(22,009)	(66,262)
Proceeds from sales, securitizations and paydowns of loans held-for-sale	20,873	75,558
Net change in:
Trading assets	(117,067)	(91,213)
Securities borrowed	(10,460)	(18,979)
Accrued interest and accounts receivable	9,823	(49,719)
Other assets	14,129	1,319
Trading liabilities	3,200	29,993
Accounts payable and other liabilities	(27,847)	64,738
Other operating adjustments	439	613
Net cash (used in) operating activities	(111,241)	(41,917)
Net change in:
Federal funds sold and securities purchased under resale agreements	(1,317)	(40,407)
Held-to-maturity securities:
Proceeds from paydowns and maturities	9,258	9,512
Purchases	(3,621)	(13,223)
Available-for-sale securities:
Proceeds from paydowns and maturities	11,018	11,291
Proceeds from sales	34,554	16,971
Purchases	(26,490)	(45,357)
Proceeds from sales and securitizations of loans held-for-investment	9,230	9,987
Other changes in loans, net	(2,257)	(18,185)
All other investing activities, net	(6,581)	(3,197)
Net cash provided by/(used in) investing activities	23,794	(72,608)
Net change in:
Deposits	33,683	99,691
Federal funds purchased and securities loaned or sold under repurchase agreements	43,722	29,600
Short-term borrowings	(1,876)
Short-term borrowings		4,300
Beneficial interests issued by consolidated VIEs	3,001	52
Proceeds from long-term borrowings	8,750	20,651
Payments of long-term borrowings	(16,171)	(13,094)
Redemption of preferred stock	0	(2,000)
Treasury stock repurchased	(2,690)	(2,455)
Dividends paid	(3,374)	(3,430)
All other financing activities, net	(488)	(543)
Net cash provided by financing activities	64,557	132,772
Effect of exchange rate changes on cash and due from banks and deposits with banks	1,656	(4,549)
Net increase/(decrease) in cash and due from banks and deposits with banks	(21,234)	13,698
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	546,000	754,532
Cash interest paid	15,287	1,088
Cash income taxes paid, net	$ 1,382	$ 705

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 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. Refer to Note 25 for a further discussion of the Firm’s business segments. 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 activities 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 4 and Note 9 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 modified nonaccrual risk-rated loans which the Firm elected to continue applying a DCF methodology. Refer to Note 12 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 will differ from those previously considered TDRs. This guidance also requires disclosure of current period gross charge-offs by vintage origination year. Refer to Note 11 for further information.

Fair Value Measurement

Fair Value Measurement	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurement	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 March 31, 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 (f) March 31, 2023 (in millions) Level 1 Level 2 Level 3 Total fair value Federal funds sold and securities purchased under resale agreements $ — $ 309,336 $ — $ — $ 309,336 Securities borrowed — 68,514 — — 68,514 Trading assets: Debt instruments: Mortgage-backed securities: U.S. GSEs and government agencies (a) — 77,406 757 — 78,163 Residential – nonagency — 2,961 5 — 2,966 Commercial – nonagency — 1,221 10 — 1,231 Total mortgage-backed securities — 81,588 772 — 82,360 U.S. Treasury, GSEs and government agencies (a) 110,866 8,858 — — 119,724 Obligations of U.S. states and municipalities — 6,049 6 — 6,055 Certificates of deposit, bankers’ acceptances and commercial paper — 1,556 — — 1,556 Non-U.S. government debt securities 31,282 59,694 169 — 91,145 Corporate debt securities — 32,414 538 — 32,952 Loans — 8,365 926 — 9,291 Asset-backed securities — 2,689 7 — 2,696 Total debt instruments 142,148 201,213 2,418 — 345,779 Equity securities 138,312 1,561 581 — 140,454 Physical commodities (b) 4,434 11,525 — — 15,959 Other — 17,246 140 — 17,386 Total debt and equity instruments (c) 284,894 231,545 3,139 — 519,578 Derivative receivables: Interest rate 2,702 278,722 4,115 (260,511) 25,028 Credit — 11,070 977 (11,054) 993 Foreign exchange 163 184,299 1,218 (166,455) 19,225 Equity — 57,478 3,979 (53,729) 7,728 Commodity — 19,218 441 (13,359) 6,300 Total derivative receivables 2,865 550,787 10,730 (505,108) 59,274 Total trading assets (d) 287,759 782,332 13,869 (505,108) 578,852 Available-for-sale securities: Mortgage-backed securities: U.S. GSEs and government agencies (a) — 67,305 — — 67,305 Residential – nonagency — 4,471 — — 4,471 Commercial – nonagency — 1,947 — — 1,947 Total mortgage-backed securities — 73,723 — — 73,723 U.S. Treasury and government agencies 81,639 — — — 81,639 Obligations of U.S. states and municipalities — 13,529 — — 13,529 Non-U.S. government debt securities 10,581 8,849 — — 19,430 Corporate debt securities — 114 250 — 364 Asset-backed securities: Collateralized loan obligations — 5,520 — — 5,520 Other — 3,043 — — 3,043 Total available-for-sale securities 92,220 104,778 250 — 197,248 Loans (e) — 37,067 1,479 — 38,546 Mortgage servicing rights — — 7,755 — 7,755 Other assets (d) 6,240 6,852 406 — 13,498 Total assets measured at fair value on a recurring basis $ 386,219 $ 1,308,879 $ 23,759 $ (505,108) $ 1,213,749 Deposits $ — $ 39,372 $ 2,208 $ — $ 41,580 Federal funds purchased and securities loaned or sold under repurchase agreements — 192,290 — — 192,290 Short-term borrowings — 16,664 1,410 — 18,074 Trading liabilities: Debt and equity instruments (c) 113,813 31,277 63 — 145,153 Derivative payables: Interest rate 4,082 267,285 3,361 (261,428) 13,300 Credit — 11,903 525 (11,576) 852 Foreign exchange 144 186,805 673 (174,408) 13,214 Equity — 61,681 4,864 (56,697) 9,848 Commodity — 20,034 728 (13,265) 7,497 Total derivative payables 4,226 547,708 10,151 (517,374) 44,711 Total trading liabilities 118,039 578,985 10,214 (517,374) 189,864 Accounts payable and other liabilities 4,403 2,238 56 — 6,697 Beneficial interests issued by consolidated VIEs — 1 — — 1 Long-term debt — 50,958 25,227 — 76,185 Total liabilities measured at fair value on a recurring basis $ 122,442 $ 880,508 $ 39,115 $ (517,374) $ 524,691 Fair value hierarchy Derivative (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 March 31, 2023, and December 31, 2022, included total U.S. GSE obligations of $78.9 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 4 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 March 31, 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 $976 million and $950 million, respectively. Included in these balances at March 31, 2023, and December 31, 2022, were trading assets of $40 million and $43 million, respectively, and other assets of $936 million and $907 million, respectively. (e) At March 31, 2023, and December 31, 2022, included $10.2 billion and $9.7 billion, respectively, of residential first-lien mortgages, and $6.4 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 $3.6 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) March 31, 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) $ 1,695 Discounted cash flows Yield 4% 30% 7% Prepayment speed 3% 12% 9% Conditional default rate 0% 5% 0% Loss severity 0% 110% 3% Commercial mortgage-backed securities and loans (c) 432 Market comparables Price $0 $99 $80 Corporate debt securities 788 Market comparables Price $0 $243 $96 Loans (d) 1,050 Market comparables Price $0 $356 $84 Non-U.S. government debt securities 169 Market comparables Price $6 $103 $86 Net interest rate derivatives 775 Option pricing Interest rate volatility 24 bps 633 bps 132 bps Interest rate spread volatility 33 bps 46 bps 36 bps Bermudan switch value 0% 52% 20% Interest rate correlation (89)% 89% 15% IR-FX correlation (35)% 60% 6% (21) Discounted cash flows Prepayment speed 0% 21% 7% Net credit derivatives 430 Discounted cash flows Credit correlation 40% 65% 49% Credit spread 0 bps 9,828 bps 370 bps Recovery rate 20% 90% 41% 22 Market comparables Price $3 $115 $80 Net foreign exchange derivatives 627 Option pricing IR-FX correlation (40)% 60% 20% (82) Discounted cash flows Prepayment speed 11% 11% Interest rate curve 2% 18% 7% Net equity derivatives (885) Option pricing Forward equity price (h) 78% 138% 101% Equity volatility 5% 139% 32% Equity correlation 17% 100% 58% Equity-FX correlation (86)% 60% (28)% Equity-IR correlation 5% 35% 19% Net commodity derivatives (287) Option pricing Oil commodity forward $104 / BBL $286 / BBL $195 / BBL Natural gas commodity forward $0 / MMBTU $9 / MMBTU $5 / MMBTU Commodity volatility 4% 127% 66% Commodity correlation (30)% 77% 23% MSRs 7,755 Discounted cash flows Refer to Note 14 Long-term debt, short-term borrowings, and deposits (e) 27,517 Option pricing Interest rate volatility 24 bps 633 bps 132 bps Bermudan switch value 0% 52% 20% Interest rate correlation (89)% 89% 15% IR-FX correlation (35)% 60% 6% Equity correlation 17% 100% 58% Equity-FX correlation (86)% 60% (28)% Equity-IR correlation 5% 35% 19% 1,328 Discounted cash flows Credit correlation 40% 65% 49% Other level 3 assets and liabilities, net (f) 1,021 (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 $732 million, nonagency securities of $5 million and non-trading loans of $958 million. (c) Comprises U.S. GSE and government agency securities of $25 million, nonagency securities of $10 million, trading loans of $72 million and non-trading loans of $325 million. (d) Comprises trading loans of $854 million and non-trading loans of $196 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 $796 million including $215 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 March 31, 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 Fair value at Total realized/unrealized gains/(losses) Transfers into Transfers (out of) level 3 Fair value at Change in unrealized gains/(losses) related 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 7 25 (7) (24) — (3) 757 7 Residential – nonagency 5 1 — — (2) 1 — 5 1 Commercial – nonagency 7 1 — — (1) 3 — 10 1 Total mortgage-backed securities 771 9 25 (7) (27) 4 (3) 772 9 Obligations of U.S. states and municipalities 7 — — (1) — — — 6 — Non-U.S. government debt securities 155 11 50 (47) — — — 169 13 Corporate debt securities 463 24 49 (17) — 23 (4) 538 20 Loans 759 8 436 (62) (95) 23 (143) 926 8 Asset-backed securities 23 — 1 (2) (1) 1 (15) 7 — Total debt instruments 2,178 52 561 (136) (123) 51 (165) 2,418 50 Equity securities 665 (31) 58 (71) — 36 (76) 581 (2) Physical commodities 2 — — — (2) — — — — Other 64 (21) 94 — 2 1 — 140 1 Total trading assets – debt and equity instruments 2,909 — 713 (207) (123) 88 (241) 3,139 49 (c) Net derivative receivables: (b) Interest rate 701 346 35 (50) (22) (165) (91) 754 461 Credit 13 246 3 (3) 171 24 (2) 452 239 Foreign exchange 489 89 28 (41) (75) 64 (9) 545 126 Equity (384) 171 318 (687) — 111 (414) (885) 308 Commodity (146) 8 4 (67) (127) 1 40 (287) (31) Total net derivative receivables 673 860 (c) 388 (848) (53) 35 (476) 579 1,103 (c) Available-for-sale securities: Corporate debt securities 239 11 — — — — — 250 11 Total available-for-sale securities 239 11 (d) — — — — — 250 11 (d) Loans 1,418 26 (c) 148 (66) (95) 157 (109) 1,479 16 (c) Mortgage servicing rights 7,973 (11) (e) 31 2 (240) — — 7,755 (11) (e) Other assets 405 5 (c) 12 — (16) — — 406 5 (c) Fair value measurements using significant unobservable inputs Three months ended Fair value at Total realized/unrealized (gains)/losses Transfers into Transfers (out of) level 3 Fair value at Change in unrealized (gains)/losses related Purchases Sales Issuances Settlements (h) Liabilities: (a) Deposits $ 2,162 $ 48 (c)(f) $ — $ — $ 128 $ (67) $ — $ (63) $ 2,208 $ 48 (c)(f) Short-term borrowings 1,401 90 (c)(f) — — 1,051 (1,132) — — 1,410 20 (c)(f) Trading liabilities – debt and equity instruments 84 (12) (c) (27) 8 — — 12 (2) 63 1 (c) Accounts payable and other liabilities 53 (1) (c) — 4 — — — — 56 (1) (c) Long-term debt 24,092 1,356 (c)(f) — — 2,733 (2,975) 91 (70) 25,227 1,447 (c)(f) Fair value measurements using significant unobservable inputs Three months ended Fair value at Total realized/unrealized gains/(losses) Transfers into Transfers (out of) level 3 Fair value at Change in unrealized gains/(losses) related 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 265 27 22 (7) (21) — — 286 26 Residential – nonagency 28 — — — (11) — (7) 10 — Commercial – nonagency 10 — — — — — — 10 — Total mortgage-backed securities 303 27 22 (7) (32) — (7) 306 26 Obligations of U.S. states and municipalities 7 — — — — — — 7 — Non-U.S. government debt securities 81 (33) 228 (180) — 37 — 133 (33) Corporate debt securities 332 (19) 61 (59) (37) 41 (26) 293 (20) Loans 708 (4) 297 (98) (7) 271 (118) 1,049 (4) Asset-backed securities 26 — 1 — — 4 (3) 28 — Total debt instruments 1,457 (29) 609 (344) (76) 353 (154) 1,816 (31) Equity securities 662 (813) 223 (240) — 853 (22) 663 (760) Physical commodities — — — — — — — — — Other 160 1 20 — (5) — (1) 175 16 Total trading assets – debt and equity instruments 2,279 (841) (c) 852 (584) (81) 1,206 (177) 2,654 (775) (c) Net derivative receivables: (b) Interest rate (16) 233 126 (94) 151 (27) (6) 367 422 Credit 74 67 4 (4) (96) (3) 2 44 66 Foreign exchange (419) 345 132 (24) 70 (6) (22) 76 364 Equity (3,626) 730 498 (559) 443 (331) 262 (2,583) 838 Commodity (907) 422 50 (137) 156 — 2 (414) 467 Total net derivative receivables (4,894) 1,797 (c) 810 (818) 724 (367) 238 (2,510) 2,157 (c) Available-for-sale securities: Corporate debt securities 161 27 17 — — — — 205 27 Total available-for-sale securities 161 27 (d) 17 — — — — 205 27 (d) Loans 1,933 98 (c) 121 (5) (281) 390 (184) 2,072 156 (c) Mortgage servicing rights 5,494 959 (e) 1,130 (57) (232) — — 7,294 959 (e) Other assets 306 9 (c) 41 — (17) 2 — 341 9 (c) Fair value measurements using significant unobservable inputs Three months ended Fair value at Total realized/unrealized (gains)/losses Transfers into Transfers (out of) level 3 Fair value at Change in unrealized (gains)/losses related Purchases Sales Issuances Settlements (h) Liabilities: (a) Deposits $ 2,317 $ (142) (c)(f) $ — $ — $ 108 $ (48) $ — $ (114) $ 2,121 $ (143) (c)(f) Short-term borrowings 2,481 (401) (c)(f) — — 1,423 (1,347) 1 (11) 2,146 (153) (c)(f) Trading liabilities – debt and equity instruments 30 (17) (c) (14) 30 — — 14 (2) 41 31 (c) Accounts payable and other liabilities 69 (4) (c) — 42 — — 1 — 108 (4) (c) Long-term debt 24,374 (1,668) (c)(f) — — 4,050 (2,476) 263 (149) 24,394 (1,575) (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 March 31, 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 March 31, 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 for the three months ended March 31, 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 for the three months ended March 31, 2023 and 2022. Unrealized (gains)/losses are reported in OCI, and were $(20) million and $(229) million for the three months ended March 31, 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 95 for further information on changes impacting items measured at fair value on a nonrecurring basis. Three months ended March 31, 2023 Level 3 assets were $23.8 billion at March 31, 2023, relatively flat compared to December 31, 2022, with no individually significant movements. 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 March 31, 2023, there were no significant transfers from level 2 into level 3. For the three months ended March 31, 2023, significant transfers from level 3 into level 2 included the following: • $953 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 three months ended March 31, 2022, significant transfers from level 2 into level 3 included the following: • $1.2 billion of total debt and equity instruments, largely due to equity securities of $853 million driven by a decrease in observability as a result of restricted access to certain markets. For the three months ended March 31, 2022, there were no significant transfers from level 3 into level 2. 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 91-94 for further information on these instruments. Three months ended March 31, 2023 • $891 million of net gains on assets, driven by gains in net derivative receivables due to market movements. • $1.5 billion of net losses on liabilities, predominantly driven by an increase in the fair value of long-term debt due to market movements. Three months ended March 31, 2022 • $2.0 billion of net gains on assets, predominantly driven by gains in net equity derivative receivables due to market movements and MSRs reflecting lower prepayment speeds on higher rates. • $2.2 billion of net gains on liabilities, largely driven by gains in long-term debt due to market movements. Refer to Note 14 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 March 31, (in millions) 2023 2022 Credit and funding adjustments: Derivatives CVA $ 55 $ (312) Derivatives FVA (8) (58) 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 March 31, 2023 and 2022 , for which nonrecurring fair value adjustments were recorded during the three months ended March 31, 2023 and 2022 , by major product category and fair value hierarchy. Fair value hierarchy Total fair value March 31, 2023 (in millions) Level 1 Level 2 Level 3 Loans $ — $ 709 $ 833 (b) $ 1,542 Other assets (a) — 22 179 201 Total assets measured at fair value on a nonrecurring basis $ — $ 731 $ 1,012 $ 1,743 Accounts payable and other liabilities — — 3 3 Total liabilities measured at fair value on a nonrecurring basis $ — $ — $ 3 $ 3 Fair value hierarchy Total fair value March 31, 2022 (in millions) Level 1 Level 2 Level 3 Loans $ — $ 874 $ 417 $ 1,291 Other assets — 15 802 817 Total assets measured at fair value on a nonrecurring basis $ — $ 889 $ 1,219 $ 2,108 Accounts payable and other liabilities — — 28 28 Total liabilities measured at fair value on a nonrecurring basis $ — $ — $ 28 $ 28 (a) Primarily includes 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 $179 million in level 3 assets measured at fair value on a nonrecurring basis as of March 31, 2023, $158 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 $833 million in level 3 assets measured at fair value on a nonrecurring basis as of March 31, 2023, $14 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 13% to 48% 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 months ended March 31, 2023 and 2022 , related to assets and liabilities held at those dates. Three months ended March 31, (in millions) 2023 2022 Loans $ (37) $ (18) Other assets (a) (65) 360 Accounts payable and other liabilities (3) (24) Total nonrecurring fair value gains/(losses) $ (105) $ 318 (a) Included $(61) million and $376 million for the three months ended March 31, 2023 and 2022, respectively, of net gains/(losses) as a result of the measurement alternative. 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 March 31, 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 securi

Fair Value Option

Fair Value Option	3 Months Ended
	Mar. 31, 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 months ended March 31, 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 March 31, 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 $ 202 $ — $ 202 $ (230) $ — $ (230) Securities borrowed 88 — 88 (198) — (198) Trading assets: Debt and equity instruments, excluding loans 1,595 — 1,595 344 — 344 Loans reported as trading assets: Changes in instrument-specific credit risk 131 — 131 (6) — (6) Other changes in fair value 3 — 3 (11) — (11) Loans: Changes in instrument-specific credit risk 65 1 (c) 66 6 12 (c) 18 Other changes in fair value 195 110 (c) 305 (719) (514) (c) (1,233) Other assets 30 — 30 11 (3) (d) 8 Deposits (a) (473) — (473) 402 — 402 Federal funds purchased and securities loaned or sold under repurchase agreements (61) — (61) 82 — 82 Short-term borrowings (a) (159) — (159) 302 — 302 Trading liabilities (15) — (15) (66) — (66) Beneficial interests issued by consolidated VIEs — — — (1) — (1) Other liabilities — — — 3 — 3 Long-term debt (a)(b) (2,798) (26) (c)(d) (2,824) 3,960 19 (c)(d) 3,979 (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 for the three months ended March 31, 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 6 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 March 31, 2023, and December 31, 2022, for loans, long-term debt and long-term beneficial interests for which the fair value option has been elected. March 31, 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 $ 2,437 $ 365 $ (2,072) $ 2,517 $ 368 $ (2,149) Loans 934 788 (146) 967 829 (138) Subtotal 3,371 1,153 (2,218) 3,484 1,197 (2,287) 90 or more days past due and government guaranteed Loans (a) 106 99 (7) 124 115 (9) All other performing loans (b) Loans reported as trading assets 10,761 8,926 (1,835) 7,823 6,135 (1,688) Loans 38,516 37,659 (857) 42,588 41,135 (1,453) Subtotal 49,277 46,585 (2,692) 50,411 47,270 (3,141) Total loans $ 52,754 $ 47,837 $ (4,917) $ 54,019 $ 48,582 $ (5,437) Long-term debt Principal-protected debt $ 44,223 (d) $ 33,595 $ (10,628) $ 41,341 (d) $ 31,105 $ (10,236) Nonprincipal-protected debt (c) NA 42,590 NA NA 41,176 NA Total long-term debt NA $ 76,185 NA NA $ 72,281 NA Long-term beneficial interests Nonprincipal-protected debt (c) NA $ 1 NA NA $ 5 NA Total long-term beneficial interests NA $ 1 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 March 31, 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 March 31, 2023, and December 31, 2022, the contractual amount of lending-related commitments for which the fair value option was elected was $9.4 billion and $7.6 billion, respectively, with a corresponding fair value of $12 million and $24 million, respectively. Refer to Note 28 of JPMorgan Chase’s 2022 Form 10-K, and Note 22 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. March 31, 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 $ 34,608 $ 292 $ 37,213 $ 72,113 $ 31,973 $ 260 $ 24,655 $ 56,888 Credit 4,227 241 — 4,468 4,105 170 — 4,275 Foreign exchange 2,742 1,079 125 3,946 2,674 788 50 3,512 Equity 31,936 5,011 3,406 40,353 30,864 4,272 3,545 38,681 Commodity 1,757 26 2 (a) 1,785 1,655 16 2 (a) 1,673 Total structured notes $ 75,270 $ 6,649 $ 40,746 $ 122,665 $ 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 $613 million and $602 million for the periods ended March 31, 2023 and December 31, 2022, respectively.

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 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 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 107-108 • Interest rate Hedge floating-rate assets and liabilities Cash flow hedge Corporate 109 • Foreign exchange Hedge foreign currency-denominated assets and liabilities Fair value hedge Corporate 107-108 • Foreign exchange Hedge foreign currency-denominated forecasted revenue and expense Cash flow hedge Corporate 109 • Foreign exchange Hedge the value of the Firm’s investments in non-U.S. dollar functional currency entities Net investment hedge Corporate 109 • Commodity Hedge commodity inventory Fair value hedge CIB, AWM 107-108 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 110 • Credit Manage the credit risk associated with wholesale lending exposures Specified risk management CIB 110 • Interest rate and foreign exchange Manage the risk associated with certain other specified assets and liabilities Specified risk management Corporate 110 Market-making derivatives and other activities: • Various Market-making and related risk management Market-making and other CIB 110 • Various Other derivatives Market-making and other CIB, AWM, Corporate 110 Notional amount of derivative contracts The following table summarizes the notional amount of free-standing derivative contracts outstanding as of March 31, 2023, and December 31, 2022. Notional amounts (b) (in billions) March 31, 2023 December 31, 2022 Interest rate contracts Swaps $ 30,520 $ 24,491 Futures and forwards 3,861 2,636 Written options 3,387 3,047 Purchased options 3,431 2,992 Total interest rate contracts 41,199 33,166 Credit derivatives (a) 1,506 1,132 Foreign exchange contracts Cross-currency swaps 4,377 4,196 Spot, futures and forwards 8,465 7,017 Written options 867 775 Purchased options 847 759 Total foreign exchange contracts 14,556 12,747 Equity contracts Swaps 674 618 Futures and forwards 107 110 Written options 748 636 Purchased options 698 580 Total equity contracts 2,227 1,944 Commodity contracts Swaps 137 136 Spot, futures and forwards 145 136 Written options 142 117 Purchased options 110 98 Total commodity contracts 534 487 Total derivative notional amounts $ 60,022 $ 49,476 (a) Refer to the Credit derivatives discussion on page 111 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 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 March 31, 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 March 31, 2023 Not designated as hedges Designated as hedges Total derivative receivables Net derivative receivables (b) Not designated as hedges Designated Total derivative payables Net derivative payables (b) Trading assets and liabilities Interest rate $ 285,532 $ 7 $ 285,539 $ 25,028 $ 274,728 $ — $ 274,728 $ 13,300 Credit 12,047 — 12,047 993 12,428 — 12,428 852 Foreign exchange 184,941 739 185,680 19,225 186,365 1,257 187,622 13,214 Equity 61,457 — 61,457 7,728 66,545 — 66,545 9,848 Commodity 18,624 1,035 19,659 6,300 19,392 1,370 20,762 7,497 Total fair value of trading assets and liabilities $ 562,601 $ 1,781 $ 564,382 $ 59,274 $ 559,458 $ 2,627 $ 562,085 $ 44,711 Gross derivative receivables Gross derivative payables December 31, 2022 Not designated as hedges Designated as hedges Total derivative receivables Net derivative receivables (b) Not designated as hedges Designated 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 March 31, 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. March 31, 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 U.S. GAAP nettable derivative receivables Interest rate contracts: Over-the-counter (“OTC”) $ 191,898 $ (169,448) $ 22,450 $ 203,922 $ (178,261) $ 25,661 OTC–cleared 90,955 (90,616) 339 93,800 (93,424) 376 Exchange-traded (a) 589 (447) 142 559 (311) 248 Total interest rate contracts 283,442 (260,511) 22,931 298,281 (271,996) 26,285 Credit contracts: OTC 8,564 (7,792) 772 8,474 (7,535) 939 OTC–cleared 3,385 (3,262) 123 1,746 (1,704) 42 Total credit contracts 11,949 (11,054) 895 10,220 (9,239) 981 Foreign exchange contracts: OTC 183,060 (165,794) 17,266 237,941 (216,796) 21,145 OTC–cleared 662 (658) 4 1,461 (1,417) 44 Exchange-traded (a) 26 (3) 23 15 (1) 14 Total foreign exchange contracts 183,748 (166,455) 17,293 239,417 (218,214) 21,203 Equity contracts: OTC 26,232 (22,553) 3,679 30,323 (25,665) 4,658 Exchange-traded (a) 32,080 (31,176) 904 28,467 (27,109) 1,358 Total equity contracts 58,312 (53,729) 4,583 58,790 (52,774) 6,016 Commodity contracts: OTC 11,145 (6,700) 4,445 14,430 (7,633) 6,797 OTC–cleared 107 (106) 1 120 (112) 8 Exchange-traded (a) 6,577 (6,553) 24 9,103 (8,745) 358 Total commodity contracts 17,829 (13,359) 4,470 23,653 (16,490) 7,163 Derivative receivables with appropriate legal opinion 555,280 (505,108) 50,172 (d) 630,361 (568,713) 61,648 (d) Derivative receivables where an appropriate legal opinion has not been either sought or obtained 9,102 9,102 9,232 9,232 Total derivative receivables recognized on the Consolidated balance sheets $ 564,382 $ 59,274 $ 639,593 $ 70,880 Collateral not nettable on the Consolidated balance sheets (b)(c) (20,923) (23,014) Net amounts $ 38,351 $ 47,866 March 31, 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 U.S. GAAP nettable derivative payables Interest rate contracts: OTC $ 177,549 $ (166,800) $ 10,749 $ 190,108 $ (176,890) $ 13,218 OTC–cleared 94,500 (94,182) 318 97,417 (97,126) 291 Exchange-traded (a) 540 (446) 94 327 (305) 22 Total interest rate contracts 272,589 (261,428) 11,161 287,852 (274,321) 13,531 Credit contracts: OTC 9,096 (8,550) 546 8,054 (7,572) 482 OTC–cleared 3,081 (3,026) 55 1,674 (1,645) 29 Total credit contracts 12,177 (11,576) 601 9,728 (9,217) 511 Foreign exchange contracts: OTC 184,746 (173,744) 11,002 246,457 (231,248) 15,209 OTC–cleared 765 (664) 101 1,488 (1,417) 71 Exchange-traded (a) 31 — 31 20 — 20 Total foreign exchange contracts 185,542 (174,408) 11,134 247,965 (232,665) 15,300 Equity contracts: OTC 29,147 (25,525) 3,622 29,833 (26,554) 3,279 Exchange-traded (a) 33,357 (31,172) 2,185 28,291 (27,103) 1,188 Total equity contracts 62,504 (56,697) 5,807 58,124 (53,657) 4,467 Commodity contracts: OTC 11,189 (6,597) 4,592 11,954 (7,642) 4,312 OTC–cleared 106 (106) — 112 (112) — Exchange-traded (a) 7,093 (6,562) 531 9,021 (8,758) 263 Total commodity contracts 18,388 (13,265) 5,123 21,087 (16,512) 4,575 Derivative payables with appropriate legal opinion 551,200 (517,374) 33,826 (d) 624,756 (586,372) 38,384 (d) Derivative payables where an appropriate legal opinion has not been either sought or obtained 10,885 10,885 12,757 12,757 Total derivative payables recognized on the Consolidated balance sheets $ 562,085 $ 44,711 $ 637,513 $ 51,141 Collateral not nettable on the Consolidated balance sheets (b)(c) (4,437) (3,318) Net amounts $ 40,274 $ 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 $47.8 billion and $51.5 billion at March 31, 2023, and December 31, 2022, respectively. Net derivatives payable included cash collateral netted of $60.1 billion and $69.2 billion at March 31, 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 March 31, 2023, and December 31, 2022. OTC and OTC-cleared derivative payables containing downgrade triggers (in millions) March 31, 2023 December 31, 2022 Aggregate fair value of net derivative payables $ 13,817 $ 16,023 Collateral posted 13,210 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 March 31, 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 March 31, 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) $ 112 $ 1,216 $ 128 $ 1,293 Amount required to settle contracts with termination triggers upon downgrade (b) 84 744 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 10, 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 March 31, 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 months ended March 31, 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 (e) OCI impact Three months ended March 31, 2023 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) $ 1,171 $ (1,103) $ 68 $ — $ 9 $ — Foreign exchange (c) 158 (94) 64 (172) 64 (28) Commodity (d) (1,540) 1,625 85 — 84 — Total $ (211) $ 428 $ 217 $ (172) $ 157 $ (28) Gains/(losses) recorded in income Income statement impact of excluded components (e) OCI impact Three months ended March 31, 2022 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) $ (7,070) $ 6,981 $ (89) $ — $ (66) $ — Foreign exchange (c) (690) 688 (2) (65) (2) 145 Commodity (d) (176) 147 (29) (37) — Total $ (7,936) $ 7,816 $ (120) $ (65) $ (105) $ 145 (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 March 31, 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: March 31, 2023 Active hedging relationships (d) Discontinued hedging relationships (d)(e) Total Assets Investment securities - AFS $ 119,145 (C) $ (2,658) $ (1,449) $ (4,107) Liabilities Long-term debt 172,238 (7,215) (5,592) (12,807) 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 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 $14.6 billion and $26.0 billion at March 31, 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 March 31, 2023 and December 31, 2022, the carrying amount excluded for AFS securities is $19.9 billion and $20.3 billion, respectively, and for long-term debt is $217 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 March 31, 2023, the amortized cost of the portfolio layer method closed portfolios was $38.9 billion, of which $24.5 billion was designated as hedged. The cumulative amount of basis adjustments was $21 million. Refer to Note 1 and Note 9 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 months ended March 31, 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 March 31, 2023 Amounts reclassified Amounts recorded Total change Contract type Interest rate (a) $ (427) $ 461 $ 888 Foreign exchange (b) (56) 106 162 Total $ (483) $ 567 $ 1,050 Derivatives gains/(losses) recorded in income and other comprehensive income/(loss) Three months ended March 31, 2022 Amounts reclassified Amounts recorded Total change in OCI for period Contract type Interest rate (a) $ 243 $ (3,361) $ (3,604) Foreign exchange (b) (6) (75) (69) Total $ 237 $ (3,436) $ (3,673) (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 months ended March 31, 2023 and 2022. Over the next 12 months, the Firm expects that approximately $(1.4) billion (after-tax) of net losses recorded in AOCI at March 31, 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 months ended March 31, 2023 and 2022. Gains/(losses) recorded in income and other comprehensive income/(loss) 2023 2022 Three months ended March 31, Amounts recorded in income (a)(b) Amounts recorded in OCI Amounts recorded in income (a)(b) Amounts recorded in OCI Foreign exchange derivatives $ 84 $ (1,004) $ (131) $ 338 (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 three months ended March 31, 2023, the Firm reclassified a pre-tax loss of $41 million to other revenue related to the acquisition of CIFM. Refer to Note 19 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) Three months ended March 31, (in millions) 2023 2022 Contract type Interest rate (a) $ (14) $ (229) Credit (b) (96) 33 Foreign exchange (c) 2 (82) Total $ (108) $ (278) (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. 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 March 31, 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 March 31, 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 $ (643,237) $ 667,461 $ 24,224 $ 3,187 Other credit derivatives (a) (80,136) 100,213 20,077 12,241 Total credit derivatives (723,373) 767,674 44,301 15,428 Credit-related notes (b) — — — 7,625 Total $ (723,373) $ 767,674 $ 44,301 $ 23,053 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 March 31, 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 March 31, 2023 <1 year 1–5 years >5 years Total Fair value of receivables (b) Fair value of payables (b) Net fair value Risk rating of reference entity Investment-grade $ (121,414) $ (362,872) $ (84,259) $ (568,545) $ 3,263 $ (1,567) $ 1,696 Noninvestment-grade (37,875) (100,151) (16,802) (154,828) 1,991 (3,510) (1,519) Total $ (159,289) $ (463,023) $ (101,061) $ (723,373) $ 5,254 $ (5,077) $ 177 December 31, 2022 <1 year 1–5 years >5 years Total 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 Noninte

Noninterest Revenue and Noninterest Expense	3 Months Ended
	Mar. 31, 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 March 31, (in millions) 2023 2022 Underwriting Equity $ 233 $ 242 Debt 672 974 Total underwriting 905 1,216 Advisory 744 792 Total investment banking fees $ 1,649 $ 2,008 Principal transactions 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 6 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 March 31, (in millions) 2023 2022 Trading revenue by instrument type Interest rate (a) $ 1,786 $ 469 Credit (b) 634 457 Foreign exchange 1,551 1,324 Equity 2,693 2,255 Commodity 926 747 Total trading revenue 7,590 5,252 Private equity gains/(losses) 25 (147) Principal transactions $ 7,615 $ 5,105 (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. Lending- and deposit-related fees The following table presents the components of lending- and deposit-related fees. Three months ended March 31, (in millions) 2023 2022 Lending-related fees $ 369 $ 362 Deposit-related fees 1,251 1,477 Total lending- and deposit-related fees $ 1,620 $ 1,839 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 March 31, (in millions) 2023 2022 Asset management fees Investment management fees (a) $ 3,390 $ 3,562 All other asset management fees (b) 75 90 Total asset management fees $ 3,465 $ 3,652 (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) 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 March 31, (in millions) 2023 2022 Commissions and other fees Brokerage commissions (a) $ 747 $ 810 Administration fees (b) 557 633 All other commissions and fees (c) 391 267 Total commissions and other fees $ 1,695 $ 1,710 (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 March 31, (in millions) 2023 2022 Interchange and merchant processing income $ 7,139 $ 6,235 Rewards costs and partner payments (5,509) (4,870) Other card income (a) (396) (390) Total card income $ 1,234 $ 975 (a) Predominantly represents the amortization of account origination costs and annual fees. Refer to Note 14 for further information on mortgage fees and related income. Other i ncome 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 March 31, 2023 2022 Operating lease income $ 755 $ 1,048 Losses on tax-oriented investments (a) (412) (408) Gain related to the acquisition of CIFM (b) 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) Gain on the original minority interest in CIFM upon the Firm's acquisition of the remaining 51% of the entity. Refer to Note 16 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 March 31, (in millions) 2023 2022 Legal expense $ 176 $ 119

Interest Income and Interest Ex

Interest Income and Interest Expense	3 Months Ended
	Mar. 31, 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 March 31, (in millions) 2023 2022 Interest income Loans (a) $ 17,708 $ 10,633 Taxable securities 3,967 1,979 Non-taxable securities (b) 248 245 Total investment securities (a) 4,215 2,224 Trading assets - debt instruments 3,646 1,767 Federal funds sold and securities purchased under resale agreements 3,131 397 Securities borrowed (c) 1,716 (87) Deposits with banks 4,819 238 All other interest-earning assets (d) 1,769 324 Total interest income $ 37,004 $ 15,496 Interest expense Interest-bearing deposits $ 7,637 $ 182 Federal funds purchased and securities loaned or sold under repurchase agreements 2,804 113 Short-term borrowings (e) 421 44 Trading liabilities – debt and all other interest-bearing liabilities (f) 1,971 191 Long-term debt 3,313 1,076 Beneficial interest issued by consolidated VIEs 147 18 Total interest expense $ 16,293 $ 1,624 Net interest income $ 20,711 $ 13,872 Provision for credit losses 2,275 1,463 Net interest income after provision for credit losses $ 18,436 $ 12,409 (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) Negative interest and rates reflect the net impact of interest earned offset by fees paid on client-driven prime brokerage securities borrowed transactions. (d) 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. (e) Includes commercial paper. (f) All other interest-bearing liabilities includes interest expense on brokerage-related customer payables.

Pension and Other Postretiremen

Pension and Other Postretirement Employee Benefit Plans	3 Months Ended
	Mar. 31, 2023
Retirement Benefits [Abstract]
Pension and Other Postretirement Employee Benefit Plans	Pension and other postretirement employee benefit plans Refer 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 March 31, 2023 2022 Pension and OPEB plans Total net periodic defined benefit plan cost/(credit) $ (94) $ (64) Total defined contribution plans 365 344 Total pension and OPEB cost included in noninterest expense $ 271 $ 280 At March 31, 2023 and December 31, 2022, the fair values of plan assets for the Firm’s significant defined benefit pension and OPEB plans were $20.5 billion and $19.9 billion, respectively.

Employee Share-based Incentives

Employee Share-based Incentives	3 Months Ended
	Mar. 31, 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 March 31, (in millions) 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 $ 357 $ 271 Accrual of estimated costs of share-based awards to be granted in future periods, predominantly those to full-career eligible employees 513 535 Total noncash compensation expense related to employee share-based incentive plans $ 870 $ 806 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.

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 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 March 31, 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 19 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. March 31, 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 $ 71,570 $ 592 $ 4,857 $ 67,305 $ 77,194 $ 479 $ 6,170 $ 71,503 Residential: U.S. 1,695 1 103 1,593 1,576 1 111 1,466 Non-U.S. 2,885 4 11 2,878 3,176 5 27 3,154 Commercial 2,101 — 154 1,947 2,113 — 155 1,958 Total mortgage-backed securities 78,251 597 5,125 73,723 84,059 485 6,463 78,081 U.S. Treasury and government agencies 83,648 513 2,522 81,639 95,217 302 3,459 92,060 Obligations of U.S. states and municipalities 13,692 166 329 13,529 7,103 86 403 6,786 Non-U.S. government debt securities 19,960 13 543 19,430 20,360 14 678 19,696 Corporate debt securities 392 — 28 364 381 — 24 357 Asset-backed securities: Collateralized loan obligations 5,607 2 89 5,520 5,916 1 125 5,792 Other 3,100 4 61 3,043 3,152 2 69 3,085 Unallocated portfolio layer fair value basis adjustments (a) 21 (21) — NA NA NA NA NA Total available-for-sale securities 204,671 1,274 8,697 197,248 216,188 890 11,221 205,857 Held-to-maturity securities (b) Mortgage-backed securities: U.S. GSEs and government agencies 112,980 84 11,893 101,171 113,492 35 13,709 99,818 U.S. Residential 10,602 5 1,132 9,475 10,503 3 1,244 9,262 Commercial 10,747 10 734 10,023 10,361 10 734 9,637 Total mortgage-backed securities 134,329 99 13,759 120,669 134,356 48 15,687 118,717 U.S. Treasury and government agencies 202,487 — 15,275 187,212 207,463 — 18,363 189,100 Obligations of U.S. states and municipalities 12,299 52 740 11,611 19,747 53 1,080 18,720 Asset-backed securities: Collateralized loan obligations 61,528 50 1,175 60,403 61,414 4 1,522 59,896 Other 2,184 — 89 2,095 2,325 — 110 2,215 Total held-to-maturity securities 412,827 201 31,038 381,990 425,305 105 36,762 388,648 Total investment securities, net of allowance for credit losses $ 617,498 $ 1,475 $ 39,735 $ 579,238 $ 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 for the individual securities being hedged. Refer to Note 1 and Note 4 for additional information. (b) The Firm purchased $3.6 billion and $13.2 billion of HTM securities for the three months ended March 31, 2023 and 2022, respectively. (c) The amortized cost of investment securities is reported net of allowance for credit losses of $90 million and $96 million at March 31, 2023 and December 31, 2022, respectively. (d) Excludes $2.4 billion and $2.5 billion of accrued interest receivable at March 31, 2023 and December 31, 2022, respectively. The Firm did not reverse through interest income any accrued interest receivable for the three months ended March 31, 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. AFS securities impairment The following tables present the fair value and gross unrealized losses by aging category for AFS securities at March 31, 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 $7.4 billion and $9.6 billion, at March 31, 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 March 31, 2023 (in millions) Fair value Gross Fair value Gross Total fair value Total gross unrealized losses Available-for-sale securities Mortgage-backed securities: Residential: U.S. $ 474 $ 16 $ 1,062 $ 87 $ 1,536 $ 103 Non-U.S. 966 4 1,653 7 2,619 11 Commercial 249 17 1,678 137 1,927 154 Total mortgage-backed securities 1,689 37 4,393 231 6,082 268 Obligations of U.S. states and municipalities 2,164 66 1,202 263 3,366 329 Non-U.S. government debt securities 7,592 70 5,475 473 13,067 543 Corporate debt securities 110 2 249 26 359 28 Asset-backed securities: Collateralized loan obligations 352 4 4,882 85 5,234 89 Other 1,537 29 1,071 32 2,608 61 Total available-for-sale securities with gross unrealized losses $ 13,444 $ 208 $ 17,272 $ 1,110 $ 30,716 $ 1,318 Available-for-sale securities with gross unrealized losses Less than 12 months 12 months or more December 31, 2022 (in millions) Fair value Gross Fair value Gross 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 HTM securities – credit risk Credit quality indicator The primary credit quality indicator for HTM securities is the risk rating assigned to each security. At March 31, 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 $90 million and $41 million as of March 31, 2023 and 2022, respectively, which included a cumulative-effect adjustment to retained earnings related to the transfer of HTM securities to AFS for the period ended March 31, 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 March 31, (in millions) 2023 2022 Realized gains $ 131 $ 13 Realized losses (999) (407) Investment securities losses $ (868) $ (394) Provision for credit losses $ 1 $ (1) Contractual maturities and yields The following table presents the amortized cost and estimated fair value at March 31, 2023, of JPMorgan Chase’s investment securities portfolio by contractual maturity. By remaining maturity Due in one 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 $ 3,406 $ 4,644 $ 70,187 $ 78,251 Fair value 14 3,259 4,678 65,772 73,723 Average yield (a) 2.14 % 4.16 % 5.69 % 4.04 % 4.14 % U.S. Treasury and government agencies Amortized cost $ 11,298 $ 45,163 $ 20,706 $ 6,481 $ 83,648 Fair value 11,030 43,602 20,506 6,501 81,639 Average yield (a) 0.36 % 3.87 % 4.33 % 6.33 % 3.70 % Obligations of U.S. states and municipalities Amortized cost $ 18 $ 140 $ 2,380 $ 11,154 $ 13,692 Fair value 18 142 2,403 10,966 13,529 Average yield (a) 4.84 % 4.51 % 4.46 % 5.44 % 5.26 % Non-U.S. government debt securities Amortized cost $ 12,348 $ 2,802 $ 4,436 $ 374 $ 19,960 Fair value 12,339 2,710 4,006 375 19,430 Average yield (a) 3.89 % 2.20 % 1.47 % 3.51 % 3.11 % Corporate debt securities Amortized cost $ 187 $ 221 $ 13 $ — $ 421 Fair value 134 217 13 — 364 Average yield (a) 15.98 % 11.40 % 6.11 % — % 13.26 % Asset-backed securities Amortized cost $ 103 $ 1,406 $ 3,645 $ 3,553 $ 8,707 Fair value 98 1,382 3,598 3,485 8,563 Average yield (a) 5.25 % 3.13 % 5.52 % 5.68 % 5.20 % Total available-for-sale securities Amortized cost (b) $ 23,968 $ 53,138 $ 35,824 $ 91,749 $ 204,679 Fair value 23,633 51,312 35,204 87,099 197,248 Average yield (a) 2.33 % 3.82 % 4.29 % 4.43 % 4.00 % Held-to-maturity securities Mortgage-backed securities Amortized cost $ 99 $ 2,755 $ 11,506 $ 119,996 $ 134,356 Fair value 96 2,575 10,332 107,666 120,669 Average yield (a) 5.70 % 2.61 % 2.55 % 2.98 % 2.94 % U.S. Treasury and government agencies Amortized cost $ 57,971 $ 77,514 $ 67,002 $ — $ 202,487 Fair value 56,374 72,935 57,903 — 187,212 Average yield (a) 0.45 % 0.84 % 1.27 % — % 0.87 % Obligations of U.S. states and municipalities Amortized cost $ — $ — $ 738 $ 11,595 $ 12,333 Fair value — — 711 10,900 11,611 Average yield (a) — % — % 4.20 % 4.06 % 4.06 % Asset-backed securities Amortized cost $ — $ 82 $ 19,511 $ 44,119 $ 63,712 Fair value — 82 19,262 43,154 62,498 Average yield (a) — % 5.72 % 5.37 % 5.48 % 5.45 % Total held-to-maturity securities Amortized cost (b) $ 58,070 $ 80,351 $ 98,757 $ 175,710 $ 412,888 Fair value 56,470 75,592 88,208 161,720 381,990 Average yield (a) 0.46 % 0.91 % 2.25 % 3.68 % 2.35 % (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 $(29) million and the portfolio layer fair value hedge basis adjustments of $21 million at March 31, 2023. The amortized cost of held-to-maturity securities also excludes the allowance for credit losses of $(61) million at March 31, 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 seven years for agency residential MBS, and six years for both agency residential collateralized mortgage obligations and nonagency residential collateralized mortgage obligations.

Securities Financing Activities

Securities Financing Activities	3 Months Ended
	Mar. 31, 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 23 for further information regarding assets pledged and collateral received in securities financing agreements. The table below summarizes the gross and net amounts of the Firm’s securities financing agreements as of March 31, 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. March 31, 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 $ 608,147 $ (291,100) $ 317,047 $ (308,851) $ 8,196 Securities borrowed 233,841 (37,924) 195,917 (142,451) 53,466 Liabilities Securities sold under repurchase agreements $ 531,763 $ (291,100) $ 240,663 $ (204,338) $ 36,325 Securities loaned and other (a) 48,570 (37,924) 10,646 (10,563) 83 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 $6.6 billion and $7.0 billion at March 31, 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 March 31, 2023 and December 31, 2022, included $6.2 billion and $6.0 billion, respectively, of securities purchased under resale agreements; $49.7 billion and $49.0 billion, respectively, of securities borrowed; $35.0 billion and $29.1 billion, respectively, of securities sold under repurchase agreements; and securities loaned and other which were not material at both March 31, 2023 and December 31, 2022. The tables below present as of March 31, 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 March 31, 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 $ 68,935 $ — $ 58,050 $ — Residential - nonagency 2,538 — 2,414 — Commercial - nonagency 1,689 — 2,007 — U.S. Treasury, GSEs and government agencies 242,331 1,294 191,254 1,464 Obligations of U.S. states and municipalities 1,987 39 1,735 5 Non-U.S. government debt 146,097 959 155,156 1,259 Corporate debt securities 38,013 3,422 37,121 461 Asset-backed securities 4,017 — 2,981 — Equity securities 26,156 42,856 30,075 49,254 Total $ 531,763 $ 48,570 $ 480,793 $ 52,443 Remaining contractual maturity of the agreements Overnight and continuous Greater than March 31, 2023 (in millions) Up to 30 days 30 – 90 days Total Total securities sold under repurchase agreements $ 261,992 $ 148,156 $ 40,759 $ 80,856 $ 531,763 Total securities loaned and other 47,146 339 — 1,085 48,570 Remaining contractual maturity of the agreements Overnight and continuous Greater than 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 March 31, 2023, and December 31, 2022, the Firm held $871 million and $692 million, respectively, 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 predominantly in short-term borrowings on the Consolidated balance sheets.

Loans

Loans	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Loans	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 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 and Corporate. (b) Includes scored auto and business banking loans and overdrafts. (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. March 31, 2023 Consumer, excluding credit card Credit card Wholesale Total (a)(b) (in millions) Retained $ 300,447 $ 180,079 $ 604,324 $ 1,084,850 Held-for-sale 572 — 4,928 5,500 At fair value 10,414 — 28,132 38,546 Total $ 311,433 $ 180,079 $ 637,384 $ 1,128,896 December 31, 2022 Consumer, excluding credit card Credit card Wholesale Total (a)(b) (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) Excludes $5.3 billion and $5.2 billion of accrued interest receivables at March 31, 2023 and December 31, 2022, respectively. The Firm wrote off accrued interest receivables of $11 million and $12 million for the three months ended March 31, 2023 and 2022, respectively. (b) 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 March 31, 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 March 31, Consumer, excluding Credit card Wholesale Total Consumer, excluding Credit card Wholesale Total Purchases $ 79 (b)(c) $ — $ 163 $ 242 $ 119 (b)(c) $ — $ 166 $ 285 Sales — — 9,171 9,171 47 — 9,707 9,754 Retained loans reclassified to held-for-sale (a) 43 — 314 357 76 — 273 349 (a) Reclassifications of loans to held-for-sale are non-cash transactions. (b) Predominantly 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 months ended March 31, 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 $663 million and $3.2 billion for the three months ended March 31, 2023 and 2022, respectively, which are predominantly sourced through the correspondent origination channel and underwritten in accordance with the Firm’s standards. 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 was $23 million for the three months ended March 31, 2023, of which $27 million related to loans. Net gains/(losses) on sales of loans and lending-related commitments was $38 million for the three months ended March 31, 2022, of which $34 million 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) March 31, December 31, Residential real estate $ 236,115 $ 237,561 Auto and other 64,332 63,192 Total retained loans $ 300,447 $ 300,753 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 three months ended March 31, 2023. (in millions, except ratios) March 31, 2023 Term loans by origination year (d) Revolving loans Total 2023 2022 2021 2020 2019 Prior to 2019 Within the revolving period Converted to term loans Loan delinquency (a)(b) Current $ 2,613 $ 39,656 $ 65,294 $ 42,762 $ 15,103 $ 54,592 $ 5,265 $ 9,237 $ 234,522 30–149 days past due — 21 14 13 20 605 16 216 905 150 or more days past due — 1 2 5 11 497 2 170 688 Total retained loans $ 2,613 $ 39,678 $ 65,310 $ 42,780 $ 15,134 $ 55,694 $ 5,283 $ 9,623 $ 236,115 % of 30+ days past due to total retained loans (c) — % 0.06 % 0.02 % 0.04 % 0.20 % 1.94 % 0.34 % 4.01 % 0.67 % Gross charge-offs $ — $ — $ — $ — $ — $ 7 $ 8 $ 3 $ 18 (in millions, except ratios) December 31, 2022 Term loans by origination year (d) 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 (c) 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 March 31, 2023 and December 31, 2022 (b) At March 31, 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) Excludes mortgage loans that are 30 or more days past due insured by U.S. government agencies which were not material at March 31, 2023 and December 31, 2022. These amounts have been excluded based upon the government guarantee. (d) 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) March 31, 2023 December 31, 2022 Nonaccrual loans (a)(b)(c)(d)(e) $ 3,710 $ 3,745 Current estimated LTV ratios (f)(g)(h) Greater than 125% and refreshed FICO scores: Equal to or greater than 660 $ 4 $ 2 Less than 660 2 — 101% to 125% and refreshed FICO scores: Equal to or greater than 660 196 174 Less than 660 5 6 80% to 100% and refreshed FICO scores: Equal to or greater than 660 12,774 12,034 Less than 660 250 184 Less than 80% and refreshed FICO scores: Equal to or greater than 660 213,157 215,096 Less than 660 8,823 8,659 No FICO/LTV available 904 1,406 (k) Total retained loans $ 236,115 $ 237,561 Weighted average LTV ratio (f)(i) 51 % 51 % Weighted average FICO (g)(i) 770 769 Geographic region (j)(k) California $ 72,610 $ 73,112 New York 34,271 34,471 Florida 18,877 18,870 Texas 14,899 14,968 Illinois 11,133 11,296 Colorado 9,979 9,968 Washington 9,043 9,060 New Jersey 7,013 7,108 Massachusetts 6,352 6,380 Connecticut 5,408 5,432 All other 46,530 46,896 Total retained loans $ 236,115 $ 237,561 (a) I ncludes 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 March 31, 2023, approximately 9% 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 March 31, 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 $45 million for both the three months ended March 31, 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 March 31, 2023. (k) Prior-period amount has been revised to conform with the current presentation. 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, 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. For the three months ended March 31, 2023, residential real estate FDMs were $38 million. The financial effects of the FDMs, which were largely in the form of term extensions and interest rate reductions, included extending the weighted-average life of the loans up to 24 years, and reducing the weighted-average contractual interest rate from 5.84% to 3.57%. 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 $23 million of loans subject to a trial modification, and $2 million of Chapter 7 loans. 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. 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 months ended March 31, 2022, new TDRs were $118 million. 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. Nature and extent of modifications The following table provides information about how residential real estate loans were modified in TDRs during the period presented. Three months ended March 31, 2022 Number of loans approved for a trial modification 1,526 Number of loans permanently modified 1,542 Concession granted: (a) Interest rate reduction 64 % Term or payment extension 77 Principal and/or interest deferred 13 Principal forgiveness 1 Other (b) 27 (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 modifications 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 March 31, 2022 Weighted-average interest rate of loans with interest rate reductions – before TDR 4.43 % Weighted-average interest rate of loans with interest rate reductions – after TDR 3.31 Weighted-average remaining contractual term (in years) of loans with term or payment extensions – before TDR 23 Weighted-average remaining contractual term (in years) of loans with term or payment extensions – after TDR 39 Charge-offs recognized upon permanent modification $ — Principal deferred 7 Principal forgiven 1 Balance of loans that redefaulted within one year of permanent modification (a) $ 43 (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 March 31, 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 $580 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 three months ended March 31, 2023. March 31, 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 $ 7,994 $ 19,938 $ 18,215 $ 10,071 $ 3,350 $ 1,468 $ 2,427 $ 111 $ 63,574 30–119 days past due 71 212 217 76 52 35 12 19 694 120 or more days past due — — 36 17 — 1 2 8 64 Total retained loans $ 8,065 $ 20,150 $ 18,468 $ 10,164 $ 3,402 $ 1,504 $ 2,441 $ 138 $ 64,332 % of 30+ days past due to total retained loans (a) 0.88 % 1.05 % 1.12 % 0.74 % 1.53 % 2.39 % 0.57 % 19.57 % 1.08 % Gross charge-offs $ 27 $ 112 $ 41 $ 14 $ 9 $ 14 $ — $ — $ 217 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 March 31, 2023 and December 31, 2022, auto and other loans excluded $65 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 March 31, 2023 December 31, 2022 Nonaccrual loans (a)(b)(c) $ 133 $ 129 Geographic region (d) California $ 9,736 $ 9,689 Texas 7,434 7,216 Florida 5,013 4,847 New York 4,411 4,345 Illinois 2,916 2,839 New Jersey 2,292 2,219 Pennsylvania 1,823 1,822 Georgia 1,760 1,708 Ohio 1,631 1,603 Arizona 1,570 1,551 All other 25,746 25,353 Total retained loans $ 64,332 $ 63,192 (a) At March 31, 2023 and December 31, 2022, nonaccrual loans excluded $54 million and $101 million, respectively, of PPP loans 90 or more days past due and guaranteed by the SBA, of which $53 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 March 31, 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 months ended March 31, 2023 and 2022 . (d) The geographic regions presented in this table are ordered based on the magnitude of the corresponding loan balances at March 31, 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 months ended March 31, 2023, auto and other FDMs were not material and there were no additional commitments to lend to borrowers modified as FDMs. For the three months ended March 31, 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 three months ended March 31, 2023. (in millions, except ratios) March 31, 2023 Within the revolving period Converted to term loans Total Loan delinquency Current and less than 30 days past due $ 176,353 $ 702 $ 177,055 30–89 days past due and still accruing 1,462 65 1,527 90 or more days past due and still accruing 1,464 33 1,497 Total retained loans $ 179,279 $ 800 $ 180,079 Loan delinquency ratios % of 30+ days past due to total retained loans 1.63 % 12.25 % 1.68 % % of 90+ days past due to total retained loans 0.82 4.13 0.83 Gross charge-offs $ 1,075 $ 36 $ 1,111 (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 $ 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) March 31, 2023 December 31, 2022 Geographic region (a) California $ 27,424 $ 28,154 Texas 18,924 19,171 New York 14,657 15,046 Florida 12,778 12,905 Illinois 9,781 10,089 New Jersey 7,410 7,643 Ohio 5,545 5,792 Colorado 5,420 5,493 Pennsylvania 5,231 5,517 Arizona 4,392 4,487 All other 68,517 70,878 Total retained loans $ 180,079 $ 185,175 Percentage of portfolio based on carrying value with estimated refreshed FICO scores Equal to or greater than 660 85.3 % 86.8 % Less than 660 14.5 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 March 31, 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. The following table provides information on credit card loan modifications considered FDMs. Three months ended March 31, 2023 Amortized % of loan modifications to total retained credit card loans Financial effect of loan modification Loan modification Term extension and interest rate reduction (a)(b) $ 163 0.09 % Term extension with a reduction in the weighted average contractual interest rate from 22.62% to 3.5% Total $ 163 (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 the period ended March 31, 2023, the Firm also had $24 million of loans subject to a trial modification. The changes to the TDR accounting guidance eliminated the TDR reasonably expected and concession assessment criteria. A ccordingly, trial modifications are not considered FDMs. The following table provides information on the payment status of FDMs. March 31, 2023 Amortized cost basis Current and less than 30 days past due and still accruing $ 113 30-89 days past due and still accruing 30 90 or more days past due and still accruing 20 Total $ 163 There were no FDMs that re-defaulted during the three months ended March 31, 2023. 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. 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. Financial effects of modifications and redefaults 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 Three months ended March 31, 2022 Balance of new TDRs (a) $ 82 Weighted-average interest rate of loans – before TDR 18.00 % Weighted-average interest rate of loans – after TDR 4.87 Balance of loans that redefaulted within one year of modification (b) $ 9 (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 three months ended March 31, 2023. Secured by real estate Commercial and industrial Other (a) Total retained loans (in millions, except ratios) Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, Loans by risk ratings Investment-grade $ 99,301 $ 99,552 $ 76,797 $ 76,275 $ 248,757 $ 249,585 $ 424,855 $ 425,412 Noninvestment-grade: Noncriticized 23,550 23,272 80,992 81,393 57,487 57,888 162,029 162,553 Criticized performing 4,200 3,662 9,696 8,974 1,333 1,106 15,229 13,742 Criticized nonaccrual 338 246 1,263 1,018 610 699 2,211 1,963 Total noninvestment-grade 28,088 27,180 91,951 91,385 59,430 59,693 179,469 178,258 Total retained loans $ 127,389 $ 126,732 $ 168,748 $ 167,660 $ 308,187 $ 309,278 $ 604,324 $ 603,670 % of investment-grade to total retained loans 77.95 % 78.55 % 45.51 % 45.49 % 80.72 % 80.70 % 70.30 % 70.47 % % of total criticized to total retained loans 3.56 3.08 6.49 5.96 0.63 0.58 2.89 2.60 % of criticized nonaccrual to total retained loans 0.27 0.19 0.75 0.61 0.20 0.23 0.37 0.33 (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. Secured by real estate (in millions) March 31, 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 $ 1,691 $ 23,975 $ 22,370 $ 14,280 $ 14,266 $ 21,517 $ 1,202 $ — $ 99,301 Noninvestment-grade 839 6,546 5,805 3,022 3,633 7,628 614 1 28,088 Total retained loans $ 2,530 $ 30,521 $ 28,175 $ 17,302 $ 17,899 $ 29,145 $ 1,816 $ 1 $ 127,389 Gross charge-offs $ — $ — $ — $ — $ — $ 8 $ — $ — $ 8 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) March 31, 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 $ 8,780 $ 14,073 $ 7,567 $ 2,643 $ 1,396 $ 1,450 $ 40,887 $ 1 $ 76,797 Noninvestment-grade 5,745 20,505 11,161 2,988 2,154 1,409 47,906 83 91,951 Total retained loans $ 14,525 $ 34,578 $ 18,728 $ 5,631 $ 3,550 $ 2,859 $ 88,793 $ 84 $ 168,748 Gross charge-offs $ — $ — $ 16 $ 1 $ 2 $ 3 $ 63 $ 1 $ 86 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) March 31, 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 $ 10,340 $ 25,435 $ 14,913 $ 12,359 $ 4,370 $ 8,158 $ 170,325 $ 2,857 $ 248,757 Noninvestment-grade 2,794 14,432 6,165 1,692 692 830 32,821 4 59,430 Total retained loans $ 13,134 $ 39,867 $ 21,078 $ 14,051 $ 5,062 $ 8,988 $ 203,146 $ 2,861 $ 308,187 Gross charge-offs $ — $ — $ 5 $ 5 $ — $ — $ 1 $ — $ 11 Other (a) (in millions) December 31, 2022 Term loans by origination year Revo

Allowance for Credit Losses

Allowance for Credit Losses	3 Months Ended
	Mar. 31, 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 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 9 of this Form 10-Q for further information on the allowance for credit losses on investment securities. 2023 2022 Three months ended March 31, Consumer, excluding 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 235 1,111 105 1,451 204 720 52 976 Gross recoveries collected (103) (189) (22) (314) (158) (214) (22) (394) Net charge-offs/(recoveries) 132 922 83 1,137 46 506 30 582 Provision for loan losses 247 1,222 578 2,047 175 506 687 1,368 Other — — 4 4 — — 20 20 Ending balance at March 31, $ 1,666 $ 11,400 $ 6,987 $ 20,053 $ 1,894 $ 10,250 $ 5,048 $ 17,192 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 1 — (14) (13) (2) — 98 96 Other — — 1 1 — — 1 1 Ending balance at March 31 $ 77 $ — $ 2,293 $ 2,370 $ 111 $ — $ 2,247 $ 2,358 Total allowance for investment securities NA NA NA 90 NA NA NA 41 Total allowance for credit losses (b) $ 1,743 $ 11,400 $ 9,280 $ 22,513 $ 2,005 $ 10,250 $ 7,295 $ 19,591 Allowance for loan losses by impairment methodology Asset-specific (c) $ (1,030) $ — $ 437 $ (593) $ (644) $ 262 $ 485 $ 103 Portfolio-based 2,696 11,400 6,550 20,646 2,538 9,988 4,563 17,089 Total allowance for loan losses $ 1,666 $ 11,400 $ 6,987 $ 20,053 $ 1,894 $ 10,250 $ 5,048 $ 17,192 Loans by impairment methodology Asset-specific (c) $ 3,560 $ — $ 2,189 $ 5,749 $ 13,186 $ 901 $ 2,823 $ 16,910 Portfolio-based 296,887 180,079 602,135 1,079,101 282,975 151,382 567,130 1,001,487 Total retained loans $ 300,447 $ 180,079 $ 604,324 $ 1,084,850 $ 296,161 $ 152,283 $ 569,953 $ 1,018,397 Collateral-dependent loans Net charge-offs $ 4 $ — $ 18 $ 22 $ (5) $ — $ 7 $ 2 Loans measured at fair value of collateral less cost to sell 3,539 — 586 4,125 4,144 — 665 4,809 Allowance for lending-related commitments by impairment methodology Asset-specific $ — $ — $ 45 $ 45 $ — $ — $ 139 $ 139 Portfolio-based 77 — 2,248 2,325 111 — 2,108 2,219 Total allowance for lending-related commitments (d) $ 77 $ — $ 2,293 $ 2,370 $ 111 $ — $ 2,247 $ 2,358 Lending-related commitments by impairment methodology Asset-specific $ — $ — $ 401 $ 401 $ — $ — $ 767 $ 767 Portfolio-based (e) 21,569 — 466,600 488,169 31,847 — 463,570 495,417 Total lending-related commitments $ 21,569 $ — $ 467,001 $ 488,570 $ 31,847 $ — $ 464,337 $ 496,184 (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 March 31, 2023, in addition to the allowance for credit losses in the table above, the Firm also had an allowance for credit losses of $241 million associated with Other assets in Corporate and $20 million associated with certain accounts receivable in CIB. (c) 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. (d) The allowance for lending-related commitments is reported in accounts payable and other liabilities on the Consolidated balance sheets. (e) At March 31, 2023 and 2022, lending-related commitments excluded $16.0 billion and $15.3 billion, respectively, for the consumer, excluding credit card portfolio segment; $861.2 billion and $757.3 billion, respectively, for the credit card portfolio segment; and $17.5 billion and $32.9 billion, respectively, for the wholesale portfolio segment, which were not subject to the allowance for lending-related commitments. Discussion of changes in the allowance The allowance for credit losses as of March 31, 2023 was $22.8 billion, reflecting a net addition of $1.1 billion from December 31, 2022. The net addition to the allowance for credit losses was predominantly driven by a deterioration in the Firm's weighted-average economic outlook, including the impact from changes to the Firm’s macroeconomic scenarios, and the additional weight placed on the relative adverse scenario. The additional weight placed on the relative adverse scenario reflects an increased probability of a moderate recession due to tightening financial conditions, including higher inflation, changes in monetary policy, and geopolitical risks. The net addition to the allowance consisted of: • $726 million in wholesale , which also reflected net downgrade activity, and an addition to the allowance for credit losses associated with Other assets in Corporate, and • $416 million in consumer . 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. 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 5.8% in the third quarter of 2024, and a 1.2% lower U.S. real GDP exiting the second quarter of 2024. The Firm’s central case assumptions reflected U.S. unemployment rates and U.S. real GDP as follows: Assumptions at March 31, 2023 2Q23 4Q23 2Q24 U.S. unemployment rate (a) 3.5 % 4.1 % 4.9 % YoY growth in U.S. real GDP (b) 2.0 % 0.4 % — % 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 allowances for credit losses on loans, lending-related commitments, and investment securities. Refer to Consumer Credit Portfolio on pages 50-53, Wholesale Credit Portfolio on pages 54-62 and Note 11 for additional information on the consumer and wholesale credit portfolios. Refer to Critical Accounting Estimates Used by the Firm on pages 74-76 for further information on the allowance for credit losses and related management judgments.

Variable Interest Entities

Variable Interest Entities	3 Months Ended
	Mar. 31, 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 140 Mortgage securitization trusts Servicing and securitization of both originated and purchased residential mortgages 140-142 CIB Mortgage and other securitization trusts Securitization of both originated and purchased residential and commercial mortgages, and other consumer loans 140-142 Multi-seller conduits Assisting clients in accessing the financial markets in a cost-efficient manner and structuring transactions to meet investor needs 142 Municipal bond vehicles Financing of municipal bond investments 142 The Firm also invests in and provides financing and other services to VIEs sponsored by third parties. Refer to pages 143-144 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) March 31, 2023 (in millions) Total assets held by securitization VIEs Assets Assets held in nonconsolidated securitization VIEs with continuing involvement Trading assets Investment securities Other financial assets Total interests held by JPMorgan Securitization-related (a) Residential mortgage: Prime/Alt-A and option ARMs $ 55,451 $ 735 $ 37,836 $ 839 $ 1,959 $ — $ 2,798 Subprime 9,515 — 1,701 16 — — 16 Commercial and other (b) 163,184 — 126,194 795 5,398 663 6,856 Total $ 228,150 $ 735 $ 165,731 $ 1,650 $ 7,357 $ 663 $ 9,670 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 Assets held in nonconsolidated securitization VIEs with continuing involvement Trading assets Investment securities Other financial assets Total interests held by 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 $3 million and $134 million at March 31, 2023 and December 31, 2022, respectively, and subordinated securities which were zero and $34 million at March 31, 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 March 31, 2023 and December 31, 2022, 83% 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 $2.8 billion and $2.6 billion of investment-grade retained interests at March 31, 2023 and December 31, 2022, respectively, and noninvestment-grade retained interests were not material at both March 31, 2023 and December 31, 2022. The retained interests in commercial and other securitization trusts consisted of $5.8 billion of investment-grade retained interests at both March 31, 2023 and December 31, 2022, and $1.1 billion of noninvestment-grade retained interests at both March 31, 2023 and December 31, 2022. 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 March 31, (in millions) 2023 2022 Transfers of securities to VIEs U.S. GSEs and government agencies $ 3,406 $ 6,076 The Firm did not transfer any private label securities to re-securitization VIEs during the three months ended March 31, 2023 and 2022, respectively and retained interests in any such Firm-sponsored VIEs as of March 31, 2023 and December 31, 2022 were not material. The following table presents information on the Firm's interests in nonconsolidated re-securitization VIEs. Nonconsolidated (in millions) March 31, 2023 December 31, 2022 U.S. GSEs and government agencies Interest in VIEs $ 3,411 $ 2,580 As of March 31, 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 $10.4 billion and $13.8 billion of the commercial paper issued by the Firm-administered multi-seller conduits at March 31, 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 $9.8 billion and $10.6 billion at March 31, 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 22 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 March 31, 2023, and December 31, 2022. Assets Liabilities March 31, 2023 (in millions) Trading assets Loans Other (c) Total assets (d) Beneficial interests in VIE assets (e) Other (f) Total VIE program type Firm-sponsored credit card trusts $ — $ 8,948 $ 84 $ 9,032 $ 999 $ 2 $ 1,001 Firm-administered multi-seller conduits 4 22,397 162 22,563 12,175 29 12,204 Municipal bond vehicles 1,965 — 24 1,989 1,593 8 1,601 Mortgage securitization entities (a) — 764 10 774 136 61 197 Other 64 1,133 (b) 253 1,450 — 155 155 Total $ 2,033 $ 33,242 $ 533 $ 35,808 $ 14,903 $ 255 $ 15,158 Assets Liabilities December 31, 2022 (in millions) Trading assets Loans Other (c) Total assets (d) Beneficial interests in VIE assets (e) Other (f) Total 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 (b) 263 1,437 — 161 161 Total $ 2,151 $ 34,411 $ 550 $ 37,112 $ 12,610 $ 279 $ 12,889 (a) Includes residential mortgage securitizations. (b) Primarily includes purchased supply chain finance receivables and purchased auto loan securitizations in CIB. (c) Includes assets classified as cash and other assets on the Consolidated balance sheets. (d) 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. (e) The interest-bearing beneficial interest liabilities issued by consolidated VIEs are classified in the line item on the Consolidated balance sheets titled, “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 $1.1 billion and $2.1 billion at March 31, 2023, and December 31, 2022, respectively. (f) Includes liabilities classified as accounts payable and other liabilities on the Consolidated balance sheets. 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 $30.2 billion at both March 31, 2023, and December 31, 2022, of which $10.7 billion and $10.6 billion was unfunded at March 31, 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 22 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 March 31, 2023 and December 31, 2022 was $5.9 billion and $5.8 billion, respectively. The fair value of assets held by such VIEs at March 31, 2023 and December 31, 2022 was $8.4 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 months ended March 31, 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 March 31, 2023 2022 (in millions) Residential mortgage (d) Commercial and other (e) Residential mortgage (d) Commercial and other (e) Principal securitized $ 1,073 $ — $ 6,495 $ 3,108 All cash flows during the period: (a) Proceeds received from loan sales as financial instruments (b)(c) $ 1,030 $ — $ 6,375 $ 3,106 Servicing fees collected 6 — 24 — Cash flows received on interests 74 87 155 71 (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 22 of this Form 10-Q for additional information about the Firm’s loan sales- and securitization-related indemnifications and Note 14 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 March 31, (in millions) 2023 2022 Carrying value of loans sold $ 2,698 $ 23,668 Proceeds received from loan sales as cash 7 9 Proceeds from loan sales as securities (a)(b) 2,662 23,258 Total proceeds received from loan sales (c) $ 2,669 $ 23,267 Gains/(losses) on loan sales (d)(e) $ — $ — (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 22, 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 11 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 March 31, 2023 and December 31, 2022. Substantially all of these loans and real estate are insured or guaranteed by U.S. government agencies. (in millions) March 31, December 31, Loans repurchased or option to repurchase (a) $ 709 $ 839 Real estate owned 10 10 Foreclosed government-guaranteed residential mortgage loans (b) 23 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 March 31, 2023, and December 31, 2022. Net liquidation losses/(recoveries) Securitized assets 90 days past due Three months ended March 31, (in millions) March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 2023 2022 Securitized loans Residential mortgage: Prime / Alt-A & option ARMs $ 37,836 $ 37,058 $ 528 $ 511 $ 7 $ (6) Subprime 1,701 1,743 196 212 2 — Commercial and other 126,194 127,037 863 948 19 6 Total loans securitized $ 165,731 $ 165,838 $ 1,587 $ 1,671 $ 28 $ —

Goodwill and Mortgage Servicing

Goodwill and Mortgage Servicing Rights	3 Months Ended
	Mar. 31, 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 The following table presents goodwill attributed to the reportable business segments and Corporate. (in millions) March 31, December 31, Consumer & Community Banking $ 32,121 $ 32,121 Corporate & Investment Bank 8,008 8,008 Commercial Banking 2,985 2,985 Asset & Wealth Management 8,366 7,902 Corporate 664 646 Total goodwill $ 52,144 $ 51,662 The following table presents changes in the carrying amount of goodwill. Three months ended March 31, (in millions) 2023 2022 Balance at beginning of period $ 51,662 $ 50,315 Changes during the period from: Business combinations (a) 451 — Other (b) 31 (17) Balance at March 31, $ 52,144 $ 50,298 (a) For the three months ended March 31, 2023, represents estimated goodwill in AWM, as a result of the Firm's acquisition of the remaining 51% interest in CIFM. (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 March 31, 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 March 31, 2023, or December 31, 2022, nor was goodwill written off due to impairment during the three months ended March 31, 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 months ended March 31, 2023 and 2022. As of or for the three months (in millions, except where otherwise noted) 2023 2022 Fair value at beginning of period $ 7,973 $ 5,494 MSR activity: Originations of MSRs 32 415 Purchase of MSRs (a) (1) 715 Disposition of MSRs 2 (57) Net additions/(dispositions) 33 1,073 Changes due to collection/realization of expected cash flows (240) (232) Changes in valuation due to inputs and assumptions: Changes due to market interest rates and other (b) (22) 894 Changes in valuation due to other inputs and assumptions: Projected cash flows (e.g., cost to service) — — Discount rates — — Prepayment model changes and other (c) 11 65 Total changes in valuation due to other inputs and assumptions 11 65 Total changes in valuation due to inputs and assumptions (11) 959 Fair value at March 31, $ 7,755 $ 7,294 Changes in unrealized gains/(losses) included in income related to MSRs held at March 31, $ (11) $ 959 Contractual service fees, late fees and other ancillary fees included in income 388 370 Third-party mortgage loans serviced at March 31, (in billions) 577 576 Servicer advances, net of an allowance for uncollectible amounts, at March 31 (d) 671 1,426 (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) 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. (c) Represents changes in prepayments other than those attributable to changes in market interest rates. (d) 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 months ended March 31, 2023 and 2022. Three months ended March 31, (in millions) 2023 2022 CCB mortgage fees and related income Production revenue $ 75 $ 211 Net mortgage servicing revenue: Operating revenue: Loan servicing revenue 400 368 Changes in MSR asset fair value due to collection/realization of expected cash flows (240) (232) Total operating revenue 160 136 Risk management: Changes in MSR asset fair value due to market interest rates and other (a) (22) 894 Other changes in MSR asset fair value due to other inputs and assumptions in model (b) 11 65 Changes in derivative fair value and other (1) (850) Total risk management (12) 109 Total net mortgage servicing revenue 148 245 Total CCB mortgage fees and related income 223 456 All other (2) 4 Mortgage fees and related income $ 221 $ 460 (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 March 31, 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) Mar 31, Dec 31, Weighted-average prepayment speed assumption (constant prepayment rate) 6.32 % 6.12 % Impact on fair value of 10% adverse change $ (183) $ (183) Impact on fair value of 20% adverse change (355) (356) Weighted-average option adjusted spread (a) 5.90 % 5.77 % Impact on fair value of a 100 basis point adverse change $ (332) $ (341) Impact on fair value of a 200 basis point adverse change (637) (655) (a) Includes the impact of operational risk and regulatory capital.

Deposits

Deposits	3 Months Ended
	Mar. 31, 2023
Deposits [Abstract]
Deposits	Deposits Refer to Note 17 of JPMorgan Chase’s 2022 Form 10-K for further information on deposits. At March 31, 2023 and December 31, 2022, noninterest-bearing and interest-bearing deposits were as follows. (in millions) March 31, December 31, 2022 U.S. offices Noninterest-bearing (included $38,803 and $26,363 at fair value) (a) $ 663,772 $ 644,902 Interest-bearing (included $595 and $586 at fair value) (a) 1,290,614 1,276,346 Total deposits in U.S. offices 1,954,386 1,921,248 Non-U.S. offices Noninterest-bearing (included $1,443 and $1,398 at fair value) (a) 25,071 27,005 Interest-bearing (included $739 and $273 at fair value) (a) 397,796 391,926 Total deposits in non-U.S. offices 422,867 418,931 Total deposits $ 2,377,253 $ 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.

Leases

Leases	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Leases	Leases Refer to Note 18 of JPMorgan Chase’s 2022 Form 10-K for a further discussion on leases. Firm as lessee At March 31, 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 following table provides information related to the Firm’s operating leases: (in millions) March 31, 2023 December 31, 2022 Right-of-use assets $ 7,727 $ 7,782 Lease liabilities 8,113 8,183 The Firm’s net rental expense was $487 million and $495 million for the three months ended March 31, 2023 and 2022, respectively. 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. The following table presents the Firm’s operating lease income, included within other income Three months ended March 31, (in millions) 2023 2022 Operating lease income $ 755 $ 1,048 Depreciation expense 419 711
Leases	Leases Refer to Note 18 of JPMorgan Chase’s 2022 Form 10-K for a further discussion on leases. Firm as lessee At March 31, 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 following table provides information related to the Firm’s operating leases: (in millions) March 31, 2023 December 31, 2022 Right-of-use assets $ 7,727 $ 7,782 Lease liabilities 8,113 8,183 The Firm’s net rental expense was $487 million and $495 million for the three months ended March 31, 2023 and 2022, respectively. 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. The following table presents the Firm’s operating lease income, included within other income Three months ended March 31, (in millions) 2023 2022 Operating lease income $ 755 $ 1,048 Depreciation expense 419 711

Preferred Stock

Preferred Stock	3 Months Ended
	Mar. 31, 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. The following is a summary of JPMorgan Chase’s non-cumulative preferred stock outstanding as of March 31, 2023 and December 31, 2022, and the quarterly dividend declarations for the three months ended March 31, 2023 and 2022. Shares Carrying value (in millions) Contractual rate in effect at March 31, 2023 Earliest redemption date Floating annualized rate (a) Dividend declared March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 Issue date Three months ended March 31, 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 Series EE 185,000 185,000 1,850 1,850 1/24/2019 6.000 3/1/2024 NA 150.00 150.00 Series GG 90,000 90,000 900 900 11/7/2019 4.750 12/1/2024 NA 118.75 118.75 Series JJ 150,000 150,000 1,500 1,500 3/17/2021 4.550 6/1/2026 NA 113.75 113.75 Series LL 185,000 185,000 1,850 1,850 5/20/2021 4.625 6/1/2026 NA 115.63 115.63 Series MM 200,000 200,000 2,000 2,000 7/29/2021 4.200 9/1/2026 NA 105.00 105.00 Fixed-to-floating-rate: Series I — — $ — $ — 4/23/2008 — % 4/30/2018 LIBOR + 3.47% $ — $ 92.13 Series Q 150,000 150,000 1,500 1,500 4/23/2013 5.150 5/1/2023 LIBOR + 3.25 128.75 128.75 Series R 150,000 150,000 1,500 1,500 7/29/2013 6.000 8/1/2023 LIBOR + 3.30 150.00 150.00 Series S 200,000 200,000 2,000 2,000 1/22/2014 6.750 2/1/2024 LIBOR + 3.78 168.75 168.75 Series U 100,000 100,000 1,000 1,000 3/10/2014 6.125 4/30/2024 LIBOR + 3.33 153.13 153.13 Series V — — — — 6/9/2014 — 7/1/2019 LIBOR + 3.32 — 86.40 Series X 160,000 160,000 1,600 1,600 9/23/2014 6.100 10/1/2024 LIBOR + 3.33 152.50 152.50 Series Z — — — — 4/21/2015 — 5/1/2020 LIBOR + 3.80 — — Series CC 125,750 125,750 1,258 1,258 10/20/2017 LIBOR + 2.58 11/1/2022 LIBOR + 2.58 182.79 115.63 (b) 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 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 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 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 Total preferred stock 2,740,375 2,740,375 $ 27,404 $ 27,404 (a) Floating annualized rate includes three-month LIBOR, three-month term SOFR or five-year Constant Maturity Treasury (“CMT”) rate, as applicable, plus the spreads noted above. (b) 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. 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 March 31, 2023. Redemptions On October 31, 2022, the Firm redeemed all $2.93 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.

Earnings per Share

Earnings per Share	3 Months Ended
	Mar. 31, 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 months ended March 31, 2023 and 2022. (in millions, except per share amounts) Three months ended March 31, 2023 2022 Basic earnings per share Net income $ 12,622 $ 8,282 Less: Preferred stock dividends 356 397 Net income applicable to common equity 12,266 7,885 Less: Dividends and undistributed earnings allocated to participating securities 73 40 Net income applicable to common stockholders $ 12,193 $ 7,845 Total weighted-average basic shares outstanding 2,968.5 2,977.0 Net income per share $ 4.11 $ 2.64 Diluted earnings per share Net income applicable to common stockholders $ 12,193 $ 7,845 Total weighted-average basic shares outstanding 2,968.5 2,977.0 Add: Dilutive impact of unvested PSUs, nondividend-earning RSUs and SARs 4.2 4.0 Total weighted-average diluted shares outstanding 2,972.7 2,981.0 Net income per share $ 4.10 $ 2.63

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income/(Loss)	3 Months Ended
	Mar. 31, 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 Unrealized Translation adjustments, net of hedges Fair value hedges Cash flow hedges Defined benefit 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 2,212 197 (21) 798 (55) (208) 2,923 Balance at March 31, 2023 $ (6,912) (a) $ (1,348) $ (54) $ (4,858) $ (1,506) $ 260 $ (14,418) As of or for the three months ended Unrealized Translation adjustments, net of hedges Fair value hedges Cash flow hedges Defined benefit pension and 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 (7,453) (62) 110 (2,791) 67 646 (9,483) Balance at March 31, 2022 $ (4,813) (a) $ (996) $ (21) $ (3,087) $ (143) $ (507) $ (9,567) (a) As of March 31, 2023 includes after-tax net unamortized unrealized gains/(losses) of $(29.1) million related to HTM securities that have been transferred to AFS as permitted by the new hedge accounting guidance. As of March 31, 2023 and 2022 includes after-tax net unamortized unrealized gains/(losses) of $(1.3) billion and $2.2 billion, related to AFS securities that have been transferred to HTM, respectively. Refer to Note 9 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 March 31, 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 $ 2,042 $ (490) $ 1,552 $ (10,202) $ 2,450 $ (7,752) Reclassification adjustment for realized (gains)/losses included in net income (a) 868 (208) 660 394 (95) 299 Net change 2,910 (698) 2,212 (9,808) 2,355 (7,453) Translation adjustments (b) : Translation 973 (41) 932 (341) 24 (317) Hedges (963) 228 (735) 338 (83) 255 Net change 10 187 197 (3) (59) (62) Fair value hedges, net change (c) : (28) 7 (21) 145 (35) 110 Cash flow hedges: Net unrealized gains/(losses) arising during the period 567 (136) 431 (3,436) 825 (2,611) Reclassification adjustment for realized (gains)/losses included in net income (d) 483 (116) 367 (237) 57 (180) Net change 1,050 (252) 798 (3,673) 882 (2,791) Defined benefit pension and OPEB plans, net change: (71) 16 (55) 90 (23) 67 DVA on fair value option elected liabilities, net change: (274) 66 (208) 859 (213) 646 Total other comprehensive income/(loss) $ 3,597 $ (674) $ 2,923 $ (12,390) $ 2,907 $ (9,483) (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 three months ended March 31, 2023, the Firm reclassified a net pre-tax loss of $(5) million to other revenue related to the acquisition of CIFM of which $(41) million related to the net investment hedge loss. There were no sales or liquidations of legal entities that resulted in reclassifications for the three month period ended March 31, 2022. (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.

Restricted Cash and Other Restr

Restricted Cash and Other Restricted Assets	3 Months Ended
	Mar. 31, 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) March 31, December 31, 2022 Segregated for the benefit of securities and cleared derivative customers $ 13.3 $ 18.7 Cash reserves at non-U.S. central banks and held for other general purposes 8.3 8.1 Total restricted cash (a) $ 21.6 $ 26.8 (a) Comprises $20.2 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 March 31, 2023 and December 31, 2022, respectively. Also, as of March 31, 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 $44.4 billion and $42.4 billion, respectively. • Securities with a fair value of $27.5 billion and $31.7 billion, respectively, were also restricted in relation to customer activity.

Regulatory Capital

Regulatory Capital	3 Months Ended
	Mar. 31, 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 March 31, 2023 and December 31, 2022. Standardized capital ratio requirements Advanced 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 March 31, 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 March 31, 2023, the Firm's CET1 capital reflected the remaining $1.4 billion benefit associated with the CECL capital transition provisions. Additionally, effective January 1, 2023, the Firm 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 March 31, 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. March 31, 2023 Basel III Standardized Basel III Advanced JPMorgan JPMorgan JPMorgan JPMorgan Risk-based capital metrics: (a) CET1 capital $ 227,144 $ 273,551 $ 227,144 $ 273,551 Tier 1 capital 253,837 273,554 253,837 273,554 Total capital 286,398 292,244 273,122 279,218 Risk-weighted assets 1,647,363 1,584,591 1,633,774 1,489,078 CET1 capital ratio 13.8 % 17.3 % 13.9 % 18.4 % Tier 1 capital ratio 15.4 17.3 15.5 18.4 Total capital ratio 17.4 18.4 16.7 18.8 December 31, 2022 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. Three months ended March 31, 2023 December 31, 2022 JPMorgan JPMorgan JPMorgan JPMorgan Leverage-based capital metrics: (a) Adjusted average assets (b) $ 3,656,598 $ 3,180,721 $ 3,703,873 $ 3,249,912 Tier 1 leverage ratio 6.9 % 8.6 % 6.6 % 8.3 % Total leverage exposure $ 4,327,863 $ 3,848,373 $ 4,367,092 $ 3,925,502 SLR 5.9 % 7.1 % 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.

Off-balance Sheet Lending-relat

Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments	3 Months Ended
	Mar. 31, 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 12 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 March 31, 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) March 31, 2023 Dec 31, Mar 31, Dec 31, By remaining maturity Expires in 1 year or less Expires after Expires after Expires after 5 years Total Total Lending-related Consumer, excluding credit card: Residential real estate (a) $ 7,237 $ 3,863 $ 6,498 $ 5,745 $ 23,343 $ 21,287 $ 70 $ 75 Auto and other 12,310 1 — 1,914 14,225 12,231 — — Total consumer, excluding credit card 19,547 3,864 6,498 7,659 37,568 33,518 70 75 Credit card (b) 861,218 — — — 861,218 821,284 — — Total consumer (c) 880,765 3,864 6,498 7,659 898,786 854,802 70 75 Wholesale: Other unfunded commitments to extend credit (d) 97,803 131,725 202,649 21,647 453,824 440,407 2,282 (h) 2,328 (h) Standby letters of credit and other financial guarantees (d) 13,172 8,279 4,259 1,045 26,755 27,439 427 408 Other letters of credit (d) 3,563 294 103 — 3,960 4,134 9 6 Total wholesale (c) 114,538 140,298 207,011 22,692 484,539 471,980 2,718 2,742 Total lending-related $ 995,303 $ 144,162 $ 213,509 $ 30,351 $ 1,383,325 $ 1,326,782 $ 2,788 $ 2,817 Other guarantees and commitments Securities lending indemnification agreements and guarantees (e) $ 325,217 $ — $ — $ — $ 325,217 $ 283,386 $ — $ — Derivatives qualifying as guarantees 3,189 246 12,302 40,907 56,644 59,180 286 649 Unsettled resale and securities borrowed agreements 137,021 701 — — 137,722 116,975 (1) (2) Unsettled repurchase and securities loaned agreements 98,941 544 — — 99,485 66,407 (2) (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 816 820 29 28 Exchange & clearing house guarantees and commitments (f) 174,476 — — — 174,476 191,068 — — Other guarantees and commitments (g) 7,118 735 159 2,896 10,908 8,634 51 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) At March 31, 2023, and December 31, 2022, reflected the contractual amount net of risk participations totaling $64 million and $71 million, respectively, for other unfunded commitments to extend credit; $8.2 billion at both March 31, 2023, and December 31, 2022, for standby letters of credit and other financial guarantees; $350 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) At March 31, 2023, and December 31, 2022, collateral held by the Firm in support of securities lending indemnification agreements was $340.9 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) At March 31, 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) At March 31, 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) At March 31, 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 represents 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. 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 March 31, 2023, and December 31, 2022. Standby letters of credit, other financial guarantees and other letters of credit March 31, 2023 December 31, 2022 (in millions) Standby letters of Other letters Standby letters of Other letters Investment-grade (a) $ 18,669 $ 2,963 $ 19,205 $ 3,040 Noninvestment-grade (a) 8,086 997 8,234 1,094 Total contractual amount $ 26,755 $ 3,960 $ 27,439 $ 4,134 Allowance for lending-related commitments $ 90 $ 9 $ 82 $ 6 Guarantee liability 337 — 326 — Total carrying value $ 427 $ 9 $ 408 $ 6 Commitments with collateral $ 14,843 $ 719 $ 15,296 $ 795 (a) The ratings scale is based on the Firm’s internal risk ratings. Refer to Note 11 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 March 31, 2023, and December 31, 2022. (in millions) March 31, 2023 December 31, 2022 Notional amounts Derivative guarantees $ 56,644 $ 59,180 Stable value contracts with contractually limited exposure 31,758 31,820 Maximum exposure of stable value contracts with contractually limited exposure 1,448 2,063 Fair value Derivative payables 286 649 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 4 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 24 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 157. 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 on a parity with the Firm’s unsecured and unsubordinated indebtedness, are not included in the table on page 157 of this Note. Refer to Note 20 of JPMorgan Chase’s 2022 Form 10-K for additional information.

Pledged Assets and Collateral

Pledged Assets and Collateral	3 Months Ended
	Mar. 31, 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) March 31, 2023 December 31, 2022 Assets that may be sold or repledged or otherwise used by secured parties $ 142.9 $ 110.8 Assets that may not be sold or repledged or otherwise used by secured parties 143.4 114.8 Assets pledged at Federal Reserve banks and FHLBs 571.3 567.6 Total pledged assets $ 857.6 $ 793.2 Total pledged assets do not include assets of consolidated VIEs; these assets are used to settle the liabilities of those entities. Refer to Note 13 for additional information on assets and liabilities of consolidated VIEs. Refer to Note 10 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) March 31, 2023 December 31, 2022 Collateral permitted to be sold or repledged, delivered, or otherwise used $ 1,393.1 $ 1,346.9 Collateral sold, repledged, delivered or otherwise used 1,066.3 1,019.4

Litigation

Litigation	3 Months Ended
	Mar. 31, 2023
Litigation [Abstract]
Litigation	Litigation Contingencies As of March 31, 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 $1.2 billion at March 31, 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. J.P. Morgan (Suisse) SA was served in August 2022. 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 discontinued its claim against J.P. Morgan (Suisse) SA, but requested permission of the Court to refile in the future, which the Court took under consideration. 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. The District Court denied certification of a putative class action against the Firm and other foreign exchange dealers on behalf of certain parties who purchased foreign currencies at allegedly inflated rates and granted summary judgment against the named plaintiffs in March 2023. Those plaintiffs have filed a notice of appeal. 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 a putative class action pending before the U.K. Competition Appeal Tribunal, proposed class representatives have appealed the tribunal's 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 two merchants have filed petitions for rehearing of the Appellate Court’s approval. 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. is named as a defendant in two lawsuits filed in the United States District Court for the Southern District of New York which allege 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, is 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 and also alleges certain Virgin Islands statutory claims. JPMorgan Chase Bank, N.A. moved to dismiss both complaints. In March 2023, the Court granted in part and denied in part JPMorgan Chase Bank, N.A.’s motions to dismiss, allowing some claims to proceed in both lawsuits. Also 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 April 2023, Staley moved to dismiss the complaints. Also in April 2023, the putative class action plaintiff filed a motion for class certification seeking to represent a class of alleged sex-trafficking victims of Epstein. JPMorgan Chase Bank, N.A. intends to oppose both motions. 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 group of individual plaintiffs filed a lawsuit 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. In September 2022, the Court dismissed plaintiffs' complaint in its entirety, and plaintiffs filed an amended complaint asserting similar antitrust claims, which defendants have moved to dismiss. 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, while the settlement related to Swiss franc LIBOR remains subject to court approval. 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. Defendants’ motion to dismiss the complaint was denied. Plaintiffs have moved to certify a class in this action, which defendants have opposed. 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 January 2023, the plaintiff filed a notice of 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. 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. * * * 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 $176 million and $119 million for the three months ended March 31, 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

Business Segments

Business Segments	3 Months Ended
	Mar. 31, 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 months ended March 31, 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. Refer to Line of business equity on page 93 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 Consumer & Corporate & Commercial Banking Asset & Wealth Management 2023 2022 2023 2022 2023 2022 2023 2022 Noninterest revenue $ 3,623 $ 3,855 (b) $ 11,523 $ 10,004 (b) $ 781 $ 867 $ 3,333 $ 3,239 Net interest income 12,833 8,327 2,077 3,572 2,730 1,531 1,451 1,076 Total net revenue 16,456 12,182 13,600 13,576 3,511 2,398 4,784 4,315 Provision for credit losses 1,402 678 58 445 417 157 28 154 Noninterest expense 8,065 7,655 (b) 7,483 7,363 (b) 1,308 1,129 3,091 2,860 Income/(loss) before income tax expense/(benefit) 6,989 3,849 6,059 5,768 1,786 1,112 1,665 1,301 Income tax expense/(benefit) 1,746 941 (b) 1,638 1,396 (b) 439 262 298 293 Net income/(loss) $ 5,243 $ 2,908 $ 4,421 $ 4,372 $ 1,347 $ 850 $ 1,367 $ 1,008 Average equity $ 52,000 $ 50,000 $ 108,000 $ 103,000 $ 28,500 $ 25,000 $ 16,000 $ 17,000 Total assets 506,382 486,183 1,436,237 1,460,463 261,181 235,127 232,516 233,070 ROE 40 % 23 % 16 % 16 % (b) 18 % 13 % 34 % 23 % Overhead ratio 49 63 55 54 37 47 65 66 As of or for the three months Corporate Reconciling Items (a) Total 2023 2022 2023 2022 2023 2022 Noninterest revenue $ (755) $ (345) $ (867) $ (775) $ 17,638 $ 16,845 Net interest income 1,740 (536) (120) (98) 20,711 13,872 Total net revenue 985 (881) (987) (873) 38,349 30,717 Provision for credit losses 370 29 — — 2,275 1,463 Noninterest expense 160 184 — — 20,107 19,191 Income/(loss) before income tax expense/(benefit) 455 (1,094) (987) (873) 15,967 10,063 Income tax expense/(benefit) 211 (238) (987) (873) 3,345 1,781 Net income/(loss) $ 244 $ (856) $ — $ — $ 12,622 $ 8,282 Average equity $ 66,697 $ 57,506 $ — $ — $ 271,197 $ 252,506 Total assets 1,307,989 1,539,844 NA NA 3,744,305 3,954,687 ROE NM NM NM NM 18 % 13 % Overhead ratio NM NM NM NM 52 62 (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.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent eventsOn May 1, 2023, the Firm acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation. In carrying out this transaction, the Firm expects to further advance the Firm’s wealth management strategy and complement its existing franchises. The Firm is estimating the impact of the acquisition on its financial statements and expects these estimates to be further refined during the purchase accounting measurement period. The Firm has concluded that, due to the limited amount of time since the date of this transaction, in accordance with the accounting guidance, it is impracticable to provide all of the disclosures required for a business combination at the time of this filing.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 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.
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 activities 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 4 and Note 9 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 modified nonaccrual risk-rated loans which the Firm elected to continue applying a DCF methodology. Refer to Note 12 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 will differ from those previously considered TDRs. This guidance also requires disclosure of current period gross charge-offs by vintage origination year. Refer to Note 11 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.

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	3 Months Ended
	Mar. 31, 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 March 31, 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 (f) March 31, 2023 (in millions) Level 1 Level 2 Level 3 Total fair value Federal funds sold and securities purchased under resale agreements $ — $ 309,336 $ — $ — $ 309,336 Securities borrowed — 68,514 — — 68,514 Trading assets: Debt instruments: Mortgage-backed securities: U.S. GSEs and government agencies (a) — 77,406 757 — 78,163 Residential – nonagency — 2,961 5 — 2,966 Commercial – nonagency — 1,221 10 — 1,231 Total mortgage-backed securities — 81,588 772 — 82,360 U.S. Treasury, GSEs and government agencies (a) 110,866 8,858 — — 119,724 Obligations of U.S. states and municipalities — 6,049 6 — 6,055 Certificates of deposit, bankers’ acceptances and commercial paper — 1,556 — — 1,556 Non-U.S. government debt securities 31,282 59,694 169 — 91,145 Corporate debt securities — 32,414 538 — 32,952 Loans — 8,365 926 — 9,291 Asset-backed securities — 2,689 7 — 2,696 Total debt instruments 142,148 201,213 2,418 — 345,779 Equity securities 138,312 1,561 581 — 140,454 Physical commodities (b) 4,434 11,525 — — 15,959 Other — 17,246 140 — 17,386 Total debt and equity instruments (c) 284,894 231,545 3,139 — 519,578 Derivative receivables: Interest rate 2,702 278,722 4,115 (260,511) 25,028 Credit — 11,070 977 (11,054) 993 Foreign exchange 163 184,299 1,218 (166,455) 19,225 Equity — 57,478 3,979 (53,729) 7,728 Commodity — 19,218 441 (13,359) 6,300 Total derivative receivables 2,865 550,787 10,730 (505,108) 59,274 Total trading assets (d) 287,759 782,332 13,869 (505,108) 578,852 Available-for-sale securities: Mortgage-backed securities: U.S. GSEs and government agencies (a) — 67,305 — — 67,305 Residential – nonagency — 4,471 — — 4,471 Commercial – nonagency — 1,947 — — 1,947 Total mortgage-backed securities — 73,723 — — 73,723 U.S. Treasury and government agencies 81,639 — — — 81,639 Obligations of U.S. states and municipalities — 13,529 — — 13,529 Non-U.S. government debt securities 10,581 8,849 — — 19,430 Corporate debt securities — 114 250 — 364 Asset-backed securities: Collateralized loan obligations — 5,520 — — 5,520 Other — 3,043 — — 3,043 Total available-for-sale securities 92,220 104,778 250 — 197,248 Loans (e) — 37,067 1,479 — 38,546 Mortgage servicing rights — — 7,755 — 7,755 Other assets (d) 6,240 6,852 406 — 13,498 Total assets measured at fair value on a recurring basis $ 386,219 $ 1,308,879 $ 23,759 $ (505,108) $ 1,213,749 Deposits $ — $ 39,372 $ 2,208 $ — $ 41,580 Federal funds purchased and securities loaned or sold under repurchase agreements — 192,290 — — 192,290 Short-term borrowings — 16,664 1,410 — 18,074 Trading liabilities: Debt and equity instruments (c) 113,813 31,277 63 — 145,153 Derivative payables: Interest rate 4,082 267,285 3,361 (261,428) 13,300 Credit — 11,903 525 (11,576) 852 Foreign exchange 144 186,805 673 (174,408) 13,214 Equity — 61,681 4,864 (56,697) 9,848 Commodity — 20,034 728 (13,265) 7,497 Total derivative payables 4,226 547,708 10,151 (517,374) 44,711 Total trading liabilities 118,039 578,985 10,214 (517,374) 189,864 Accounts payable and other liabilities 4,403 2,238 56 — 6,697 Beneficial interests issued by consolidated VIEs — 1 — — 1 Long-term debt — 50,958 25,227 — 76,185 Total liabilities measured at fair value on a recurring basis $ 122,442 $ 880,508 $ 39,115 $ (517,374) $ 524,691 Fair value hierarchy Derivative (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 March 31, 2023, and December 31, 2022, included total U.S. GSE obligations of $78.9 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 4 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 March 31, 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 $976 million and $950 million, respectively. Included in these balances at March 31, 2023, and December 31, 2022, were trading assets of $40 million and $43 million, respectively, and other assets of $936 million and $907 million, respectively. (e) At March 31, 2023, and December 31, 2022, included $10.2 billion and $9.7 billion, respectively, of residential first-lien mortgages, and $6.4 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 $3.6 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.
Fair value inputs, assets and liabilities, quantitative information	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) March 31, 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) $ 1,695 Discounted cash flows Yield 4% 30% 7% Prepayment speed 3% 12% 9% Conditional default rate 0% 5% 0% Loss severity 0% 110% 3% Commercial mortgage-backed securities and loans (c) 432 Market comparables Price $0 $99 $80 Corporate debt securities 788 Market comparables Price $0 $243 $96 Loans (d) 1,050 Market comparables Price $0 $356 $84 Non-U.S. government debt securities 169 Market comparables Price $6 $103 $86 Net interest rate derivatives 775 Option pricing Interest rate volatility 24 bps 633 bps 132 bps Interest rate spread volatility 33 bps 46 bps 36 bps Bermudan switch value 0% 52% 20% Interest rate correlation (89)% 89% 15% IR-FX correlation (35)% 60% 6% (21) Discounted cash flows Prepayment speed 0% 21% 7% Net credit derivatives 430 Discounted cash flows Credit correlation 40% 65% 49% Credit spread 0 bps 9,828 bps 370 bps Recovery rate 20% 90% 41% 22 Market comparables Price $3 $115 $80 Net foreign exchange derivatives 627 Option pricing IR-FX correlation (40)% 60% 20% (82) Discounted cash flows Prepayment speed 11% 11% Interest rate curve 2% 18% 7% Net equity derivatives (885) Option pricing Forward equity price (h) 78% 138% 101% Equity volatility 5% 139% 32% Equity correlation 17% 100% 58% Equity-FX correlation (86)% 60% (28)% Equity-IR correlation 5% 35% 19% Net commodity derivatives (287) Option pricing Oil commodity forward $104 / BBL $286 / BBL $195 / BBL Natural gas commodity forward $0 / MMBTU $9 / MMBTU $5 / MMBTU Commodity volatility 4% 127% 66% Commodity correlation (30)% 77% 23% MSRs 7,755 Discounted cash flows Refer to Note 14 Long-term debt, short-term borrowings, and deposits (e) 27,517 Option pricing Interest rate volatility 24 bps 633 bps 132 bps Bermudan switch value 0% 52% 20% Interest rate correlation (89)% 89% 15% IR-FX correlation (35)% 60% 6% Equity correlation 17% 100% 58% Equity-FX correlation (86)% 60% (28)% Equity-IR correlation 5% 35% 19% 1,328 Discounted cash flows Credit correlation 40% 65% 49% Other level 3 assets and liabilities, net (f) 1,021 (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 $732 million, nonagency securities of $5 million and non-trading loans of $958 million. (c) Comprises U.S. GSE and government agency securities of $25 million, nonagency securities of $10 million, trading loans of $72 million and non-trading loans of $325 million. (d) Comprises trading loans of $854 million and non-trading loans of $196 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 $796 million including $215 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 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 March 31, 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 Fair value at Total realized/unrealized gains/(losses) Transfers into Transfers (out of) level 3 Fair value at Change in unrealized gains/(losses) related 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 7 25 (7) (24) — (3) 757 7 Residential – nonagency 5 1 — — (2) 1 — 5 1 Commercial – nonagency 7 1 — — (1) 3 — 10 1 Total mortgage-backed securities 771 9 25 (7) (27) 4 (3) 772 9 Obligations of U.S. states and municipalities 7 — — (1) — — — 6 — Non-U.S. government debt securities 155 11 50 (47) — — — 169 13 Corporate debt securities 463 24 49 (17) — 23 (4) 538 20 Loans 759 8 436 (62) (95) 23 (143) 926 8 Asset-backed securities 23 — 1 (2) (1) 1 (15) 7 — Total debt instruments 2,178 52 561 (136) (123) 51 (165) 2,418 50 Equity securities 665 (31) 58 (71) — 36 (76) 581 (2) Physical commodities 2 — — — (2) — — — — Other 64 (21) 94 — 2 1 — 140 1 Total trading assets – debt and equity instruments 2,909 — 713 (207) (123) 88 (241) 3,139 49 (c) Net derivative receivables: (b) Interest rate 701 346 35 (50) (22) (165) (91) 754 461 Credit 13 246 3 (3) 171 24 (2) 452 239 Foreign exchange 489 89 28 (41) (75) 64 (9) 545 126 Equity (384) 171 318 (687) — 111 (414) (885) 308 Commodity (146) 8 4 (67) (127) 1 40 (287) (31) Total net derivative receivables 673 860 (c) 388 (848) (53) 35 (476) 579 1,103 (c) Available-for-sale securities: Corporate debt securities 239 11 — — — — — 250 11 Total available-for-sale securities 239 11 (d) — — — — — 250 11 (d) Loans 1,418 26 (c) 148 (66) (95) 157 (109) 1,479 16 (c) Mortgage servicing rights 7,973 (11) (e) 31 2 (240) — — 7,755 (11) (e) Other assets 405 5 (c) 12 — (16) — — 406 5 (c) Fair value measurements using significant unobservable inputs Three months ended Fair value at Total realized/unrealized (gains)/losses Transfers into Transfers (out of) level 3 Fair value at Change in unrealized (gains)/losses related Purchases Sales Issuances Settlements (h) Liabilities: (a) Deposits $ 2,162 $ 48 (c)(f) $ — $ — $ 128 $ (67) $ — $ (63) $ 2,208 $ 48 (c)(f) Short-term borrowings 1,401 90 (c)(f) — — 1,051 (1,132) — — 1,410 20 (c)(f) Trading liabilities – debt and equity instruments 84 (12) (c) (27) 8 — — 12 (2) 63 1 (c) Accounts payable and other liabilities 53 (1) (c) — 4 — — — — 56 (1) (c) Long-term debt 24,092 1,356 (c)(f) — — 2,733 (2,975) 91 (70) 25,227 1,447 (c)(f) Fair value measurements using significant unobservable inputs Three months ended Fair value at Total realized/unrealized gains/(losses) Transfers into Transfers (out of) level 3 Fair value at Change in unrealized gains/(losses) related 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 265 27 22 (7) (21) — — 286 26 Residential – nonagency 28 — — — (11) — (7) 10 — Commercial – nonagency 10 — — — — — — 10 — Total mortgage-backed securities 303 27 22 (7) (32) — (7) 306 26 Obligations of U.S. states and municipalities 7 — — — — — — 7 — Non-U.S. government debt securities 81 (33) 228 (180) — 37 — 133 (33) Corporate debt securities 332 (19) 61 (59) (37) 41 (26) 293 (20) Loans 708 (4) 297 (98) (7) 271 (118) 1,049 (4) Asset-backed securities 26 — 1 — — 4 (3) 28 — Total debt instruments 1,457 (29) 609 (344) (76) 353 (154) 1,816 (31) Equity securities 662 (813) 223 (240) — 853 (22) 663 (760) Physical commodities — — — — — — — — — Other 160 1 20 — (5) — (1) 175 16 Total trading assets – debt and equity instruments 2,279 (841) (c) 852 (584) (81) 1,206 (177) 2,654 (775) (c) Net derivative receivables: (b) Interest rate (16) 233 126 (94) 151 (27) (6) 367 422 Credit 74 67 4 (4) (96) (3) 2 44 66 Foreign exchange (419) 345 132 (24) 70 (6) (22) 76 364 Equity (3,626) 730 498 (559) 443 (331) 262 (2,583) 838 Commodity (907) 422 50 (137) 156 — 2 (414) 467 Total net derivative receivables (4,894) 1,797 (c) 810 (818) 724 (367) 238 (2,510) 2,157 (c) Available-for-sale securities: Corporate debt securities 161 27 17 — — — — 205 27 Total available-for-sale securities 161 27 (d) 17 — — — — 205 27 (d) Loans 1,933 98 (c) 121 (5) (281) 390 (184) 2,072 156 (c) Mortgage servicing rights 5,494 959 (e) 1,130 (57) (232) — — 7,294 959 (e) Other assets 306 9 (c) 41 — (17) 2 — 341 9 (c) Fair value measurements using significant unobservable inputs Three months ended Fair value at Total realized/unrealized (gains)/losses Transfers into Transfers (out of) level 3 Fair value at Change in unrealized (gains)/losses related Purchases Sales Issuances Settlements (h) Liabilities: (a) Deposits $ 2,317 $ (142) (c)(f) $ — $ — $ 108 $ (48) $ — $ (114) $ 2,121 $ (143) (c)(f) Short-term borrowings 2,481 (401) (c)(f) — — 1,423 (1,347) 1 (11) 2,146 (153) (c)(f) Trading liabilities – debt and equity instruments 30 (17) (c) (14) 30 — — 14 (2) 41 31 (c) Accounts payable and other liabilities 69 (4) (c) — 42 — — 1 — 108 (4) (c) Long-term debt 24,374 (1,668) (c)(f) — — 4,050 (2,476) 263 (149) 24,394 (1,575) (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 March 31, 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 March 31, 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 for the three months ended March 31, 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 for the three months ended March 31, 2023 and 2022. Unrealized (gains)/losses are reported in OCI, and were $(20) million and $(229) million for the three months ended March 31, 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.
Impact of credit adjustments on earnings	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 March 31, (in millions) 2023 2022 Credit and funding adjustments: Derivatives CVA $ 55 $ (312) Derivatives FVA (8) (58)
Assets and liabilities measured at fair value on a nonrecurring basis	The following tables present the assets and liabilities held as of March 31, 2023 and 2022 , for which nonrecurring fair value adjustments were recorded during the three months ended March 31, 2023 and 2022 , by major product category and fair value hierarchy. Fair value hierarchy Total fair value March 31, 2023 (in millions) Level 1 Level 2 Level 3 Loans $ — $ 709 $ 833 (b) $ 1,542 Other assets (a) — 22 179 201 Total assets measured at fair value on a nonrecurring basis $ — $ 731 $ 1,012 $ 1,743 Accounts payable and other liabilities — — 3 3 Total liabilities measured at fair value on a nonrecurring basis $ — $ — $ 3 $ 3 Fair value hierarchy Total fair value March 31, 2022 (in millions) Level 1 Level 2 Level 3 Loans $ — $ 874 $ 417 $ 1,291 Other assets — 15 802 817 Total assets measured at fair value on a nonrecurring basis $ — $ 889 $ 1,219 $ 2,108 Accounts payable and other liabilities — — 28 28 Total liabilities measured at fair value on a nonrecurring basis $ — $ — $ 28 $ 28 (a) Primarily includes 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 $179 million in level 3 assets measured at fair value on a nonrecurring basis as of March 31, 2023, $158 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 $833 million in level 3 assets measured at fair value on a nonrecurring basis as of March 31, 2023, $14 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 13% to 48% with a weighted average of 25%. The following table presents the total change in value of assets and liabilities for which fair value adjustments have been recognized for the three months ended March 31, 2023 and 2022 , related to assets and liabilities held at those dates. Three months ended March 31, (in millions) 2023 2022 Loans $ (37) $ (18) Other assets (a) (65) 360 Accounts payable and other liabilities (3) (24) Total nonrecurring fair value gains/(losses) $ (105) $ 318
Schedule of equity securities without readily determinable fair values measured under the measurement alternative and related adjustments	The following table presents the carrying value of equity securities without readily determinable fair values held as of March 31, 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 March 31, As of or for the period ended, (in millions) 2023 2022 Other assets Carrying value (a) $ 3,910 $ 4,131 Upward carrying value changes (b) 35 387 Downward carrying value changes/impairment (c) (96) (11) (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 March 31, 2023 were $1.5 billion. (c) The cumulative downward carrying value changes/impairment between January 1, 2018 and March 31, 2023 were $(1.0) billion.
Carrying value and estimated fair value of financial assets and liabilities	The following table presents, by fair value hierarchy classification, the carrying values and estimated fair values at March 31, 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. March 31, 2023 December 31, 2022 Estimated fair value hierarchy Estimated fair value hierarchy (in billions) Carrying Level 1 Level 2 Level 3 Total estimated Carrying Level 1 Level 2 Level 3 Total estimated Financial assets Cash and due from banks $ 25.1 $ 25.1 $ — $ — $ 25.1 $ 27.7 $ 27.7 $ — $ — $ 27.7 Deposits with banks 520.9 520.4 0.5 — 520.9 539.5 539.3 0.2 — 539.5 Accrued interest and accounts receivable 114.8 — 114.7 0.1 114.8 124.7 — 124.6 0.1 124.7 Federal funds sold and securities purchased under resale agreements 7.8 — 7.8 — 7.8 3.7 — 3.7 — 3.7 Securities borrowed 127.4 — 127.4 — 127.4 115.3 — 115.3 — 115.3 Investment securities, held-to-maturity 412.8 187.2 194.8 — 382.0 425.3 189.1 199.5 — 388.6 Loans, net of allowance for loan losses (a) 1,070.3 — 198.9 851.2 1,050.1 1,073.9 — 194.0 853.9 1,047.9 Other 102.4 — 100.8 1.7 102.5 101.2 — 99.6 1.7 101.3 Financial liabilities Deposits $ 2,335.7 $ — $ 2,335.9 $ — $ 2,335.9 $ 2,311.6 $ — $ 2,311.5 $ — $ 2,311.5 Federal funds purchased and securities loaned or sold under repurchase agreements 54.1 — 54.1 — 54.1 50.6 — 50.6 — 50.6 Short-term borrowings 24.2 — 24.2 — 24.2 28.2 — 28.2 — 28.2 Accounts payable and other liabilities 238.5 — 232.3 5.6 237.9 257.5 — 251.2 5.6 256.8 Beneficial interests issued by consolidated VIEs 14.9 — 14.9 — 14.9 12.6 — 12.6 — 12.6 Long-term debt 219.3 — 214.3 2.8 217.1 223.6 — 216.5 2.8 219.3
The carrying value and estimated fair value of wholesale lending-related commitments	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. March 31, 2023 December 31, 2022 Estimated fair value hierarchy Estimated fair value hierarchy (in billions) Carrying value (a) (b) 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 $ 2.3 $ — $ — $ 3.2 $ 3.2 $ 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.

Fair Value Option (Tables)

Fair Value Option (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
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 months ended March 31, 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 March 31, 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 $ 202 $ — $ 202 $ (230) $ — $ (230) Securities borrowed 88 — 88 (198) — (198) Trading assets: Debt and equity instruments, excluding loans 1,595 — 1,595 344 — 344 Loans reported as trading assets: Changes in instrument-specific credit risk 131 — 131 (6) — (6) Other changes in fair value 3 — 3 (11) — (11) Loans: Changes in instrument-specific credit risk 65 1 (c) 66 6 12 (c) 18 Other changes in fair value 195 110 (c) 305 (719) (514) (c) (1,233) Other assets 30 — 30 11 (3) (d) 8 Deposits (a) (473) — (473) 402 — 402 Federal funds purchased and securities loaned or sold under repurchase agreements (61) — (61) 82 — 82 Short-term borrowings (a) (159) — (159) 302 — 302 Trading liabilities (15) — (15) (66) — (66) Beneficial interests issued by consolidated VIEs — — — (1) — (1) Other liabilities — — — 3 — 3 Long-term debt (a)(b) (2,798) (26) (c)(d) (2,824) 3,960 19 (c)(d) 3,979 (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 for the three months ended March 31, 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 6 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 March 31, 2023, and December 31, 2022, for loans, long-term debt and long-term beneficial interests for which the fair value option has been elected. March 31, 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 $ 2,437 $ 365 $ (2,072) $ 2,517 $ 368 $ (2,149) Loans 934 788 (146) 967 829 (138) Subtotal 3,371 1,153 (2,218) 3,484 1,197 (2,287) 90 or more days past due and government guaranteed Loans (a) 106 99 (7) 124 115 (9) All other performing loans (b) Loans reported as trading assets 10,761 8,926 (1,835) 7,823 6,135 (1,688) Loans 38,516 37,659 (857) 42,588 41,135 (1,453) Subtotal 49,277 46,585 (2,692) 50,411 47,270 (3,141) Total loans $ 52,754 $ 47,837 $ (4,917) $ 54,019 $ 48,582 $ (5,437) Long-term debt Principal-protected debt $ 44,223 (d) $ 33,595 $ (10,628) $ 41,341 (d) $ 31,105 $ (10,236) Nonprincipal-protected debt (c) NA 42,590 NA NA 41,176 NA Total long-term debt NA $ 76,185 NA NA $ 72,281 NA Long-term beneficial interests Nonprincipal-protected debt (c) NA $ 1 NA NA $ 5 NA Total long-term beneficial interests NA $ 1 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 March 31, 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.
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. March 31, 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 $ 34,608 $ 292 $ 37,213 $ 72,113 $ 31,973 $ 260 $ 24,655 $ 56,888 Credit 4,227 241 — 4,468 4,105 170 — 4,275 Foreign exchange 2,742 1,079 125 3,946 2,674 788 50 3,512 Equity 31,936 5,011 3,406 40,353 30,864 4,272 3,545 38,681 Commodity 1,757 26 2 (a) 1,785 1,655 16 2 (a) 1,673 Total structured notes $ 75,270 $ 6,649 $ 40,746 $ 122,665 $ 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 $613 million and $602 million for the periods ended March 31, 2023 and December 31, 2022, respectively.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 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 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 107-108 • Interest rate Hedge floating-rate assets and liabilities Cash flow hedge Corporate 109 • Foreign exchange Hedge foreign currency-denominated assets and liabilities Fair value hedge Corporate 107-108 • Foreign exchange Hedge foreign currency-denominated forecasted revenue and expense Cash flow hedge Corporate 109 • Foreign exchange Hedge the value of the Firm’s investments in non-U.S. dollar functional currency entities Net investment hedge Corporate 109 • Commodity Hedge commodity inventory Fair value hedge CIB, AWM 107-108 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 110 • Credit Manage the credit risk associated with wholesale lending exposures Specified risk management CIB 110 • Interest rate and foreign exchange Manage the risk associated with certain other specified assets and liabilities Specified risk management Corporate 110 Market-making derivatives and other activities: • Various Market-making and related risk management Market-making and other CIB 110 • Various Other derivatives Market-making and other CIB, AWM, Corporate 110
Notional amount of derivative contracts	The following table summarizes the notional amount of free-standing derivative contracts outstanding as of March 31, 2023, and December 31, 2022. Notional amounts (b) (in billions) March 31, 2023 December 31, 2022 Interest rate contracts Swaps $ 30,520 $ 24,491 Futures and forwards 3,861 2,636 Written options 3,387 3,047 Purchased options 3,431 2,992 Total interest rate contracts 41,199 33,166 Credit derivatives (a) 1,506 1,132 Foreign exchange contracts Cross-currency swaps 4,377 4,196 Spot, futures and forwards 8,465 7,017 Written options 867 775 Purchased options 847 759 Total foreign exchange contracts 14,556 12,747 Equity contracts Swaps 674 618 Futures and forwards 107 110 Written options 748 636 Purchased options 698 580 Total equity contracts 2,227 1,944 Commodity contracts Swaps 137 136 Spot, futures and forwards 145 136 Written options 142 117 Purchased options 110 98 Total commodity contracts 534 487 Total derivative notional amounts $ 60,022 $ 49,476 (a) Refer to the Credit derivatives discussion on page 111 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	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 March 31, 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 March 31, 2023 Not designated as hedges Designated as hedges Total derivative receivables Net derivative receivables (b) Not designated as hedges Designated Total derivative payables Net derivative payables (b) Trading assets and liabilities Interest rate $ 285,532 $ 7 $ 285,539 $ 25,028 $ 274,728 $ — $ 274,728 $ 13,300 Credit 12,047 — 12,047 993 12,428 — 12,428 852 Foreign exchange 184,941 739 185,680 19,225 186,365 1,257 187,622 13,214 Equity 61,457 — 61,457 7,728 66,545 — 66,545 9,848 Commodity 18,624 1,035 19,659 6,300 19,392 1,370 20,762 7,497 Total fair value of trading assets and liabilities $ 562,601 $ 1,781 $ 564,382 $ 59,274 $ 559,458 $ 2,627 $ 562,085 $ 44,711 Gross derivative receivables Gross derivative payables December 31, 2022 Not designated as hedges Designated as hedges Total derivative receivables Net derivative receivables (b) Not designated as hedges Designated 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.
Offsetting assets	The following tables present, as of March 31, 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. March 31, 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 U.S. GAAP nettable derivative receivables Interest rate contracts: Over-the-counter (“OTC”) $ 191,898 $ (169,448) $ 22,450 $ 203,922 $ (178,261) $ 25,661 OTC–cleared 90,955 (90,616) 339 93,800 (93,424) 376 Exchange-traded (a) 589 (447) 142 559 (311) 248 Total interest rate contracts 283,442 (260,511) 22,931 298,281 (271,996) 26,285 Credit contracts: OTC 8,564 (7,792) 772 8,474 (7,535) 939 OTC–cleared 3,385 (3,262) 123 1,746 (1,704) 42 Total credit contracts 11,949 (11,054) 895 10,220 (9,239) 981 Foreign exchange contracts: OTC 183,060 (165,794) 17,266 237,941 (216,796) 21,145 OTC–cleared 662 (658) 4 1,461 (1,417) 44 Exchange-traded (a) 26 (3) 23 15 (1) 14 Total foreign exchange contracts 183,748 (166,455) 17,293 239,417 (218,214) 21,203 Equity contracts: OTC 26,232 (22,553) 3,679 30,323 (25,665) 4,658 Exchange-traded (a) 32,080 (31,176) 904 28,467 (27,109) 1,358 Total equity contracts 58,312 (53,729) 4,583 58,790 (52,774) 6,016 Commodity contracts: OTC 11,145 (6,700) 4,445 14,430 (7,633) 6,797 OTC–cleared 107 (106) 1 120 (112) 8 Exchange-traded (a) 6,577 (6,553) 24 9,103 (8,745) 358 Total commodity contracts 17,829 (13,359) 4,470 23,653 (16,490) 7,163 Derivative receivables with appropriate legal opinion 555,280 (505,108) 50,172 (d) 630,361 (568,713) 61,648 (d) Derivative receivables where an appropriate legal opinion has not been either sought or obtained 9,102 9,102 9,232 9,232 Total derivative receivables recognized on the Consolidated balance sheets $ 564,382 $ 59,274 $ 639,593 $ 70,880 Collateral not nettable on the Consolidated balance sheets (b)(c) (20,923) (23,014) Net amounts $ 38,351 $ 47,866
Offsetting liabilities	March 31, 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 U.S. GAAP nettable derivative payables Interest rate contracts: OTC $ 177,549 $ (166,800) $ 10,749 $ 190,108 $ (176,890) $ 13,218 OTC–cleared 94,500 (94,182) 318 97,417 (97,126) 291 Exchange-traded (a) 540 (446) 94 327 (305) 22 Total interest rate contracts 272,589 (261,428) 11,161 287,852 (274,321) 13,531 Credit contracts: OTC 9,096 (8,550) 546 8,054 (7,572) 482 OTC–cleared 3,081 (3,026) 55 1,674 (1,645) 29 Total credit contracts 12,177 (11,576) 601 9,728 (9,217) 511 Foreign exchange contracts: OTC 184,746 (173,744) 11,002 246,457 (231,248) 15,209 OTC–cleared 765 (664) 101 1,488 (1,417) 71 Exchange-traded (a) 31 — 31 20 — 20 Total foreign exchange contracts 185,542 (174,408) 11,134 247,965 (232,665) 15,300 Equity contracts: OTC 29,147 (25,525) 3,622 29,833 (26,554) 3,279 Exchange-traded (a) 33,357 (31,172) 2,185 28,291 (27,103) 1,188 Total equity contracts 62,504 (56,697) 5,807 58,124 (53,657) 4,467 Commodity contracts: OTC 11,189 (6,597) 4,592 11,954 (7,642) 4,312 OTC–cleared 106 (106) — 112 (112) — Exchange-traded (a) 7,093 (6,562) 531 9,021 (8,758) 263 Total commodity contracts 18,388 (13,265) 5,123 21,087 (16,512) 4,575 Derivative payables with appropriate legal opinion 551,200 (517,374) 33,826 (d) 624,756 (586,372) 38,384 (d) Derivative payables where an appropriate legal opinion has not been either sought or obtained 10,885 10,885 12,757 12,757 Total derivative payables recognized on the Consolidated balance sheets $ 562,085 $ 44,711 $ 637,513 $ 51,141 Collateral not nettable on the Consolidated balance sheets (b)(c) (4,437) (3,318) Net amounts $ 40,274 $ 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 $47.8 billion and $51.5 billion at March 31, 2023, and December 31, 2022, respectively. Net derivatives payable included cash collateral netted of $60.1 billion and $69.2 billion at March 31, 2023, and December 31, 2022, respectively. Derivative cash collateral relates to OTC and OTC-cleared derivative instruments.
Current credit risk of derivative receivables and liquidity risk of derivative payables	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 March 31, 2023, and December 31, 2022. OTC and OTC-cleared derivative payables containing downgrade triggers (in millions) March 31, 2023 December 31, 2022 Aggregate fair value of net derivative payables $ 13,817 $ 16,023 Collateral posted 13,210 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 March 31, 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 March 31, 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) $ 112 $ 1,216 $ 128 $ 1,293 Amount required to settle contracts with termination triggers upon downgrade (b) 84 744 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	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 months ended March 31, 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 (e) OCI impact Three months ended March 31, 2023 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) $ 1,171 $ (1,103) $ 68 $ — $ 9 $ — Foreign exchange (c) 158 (94) 64 (172) 64 (28) Commodity (d) (1,540) 1,625 85 — 84 — Total $ (211) $ 428 $ 217 $ (172) $ 157 $ (28) Gains/(losses) recorded in income Income statement impact of excluded components (e) OCI impact Three months ended March 31, 2022 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) $ (7,070) $ 6,981 $ (89) $ — $ (66) $ — Foreign exchange (c) (690) 688 (2) (65) (2) 145 Commodity (d) (176) 147 (29) (37) — Total $ (7,936) $ 7,816 $ (120) $ (65) $ (105) $ 145 (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.
Schedule of amounts recorded on Consolidated Balance Sheets related to certain cumulative fair value hedge basis adjustments	As of March 31, 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: March 31, 2023 Active hedging relationships (d) Discontinued hedging relationships (d)(e) Total Assets Investment securities - AFS $ 119,145 (C) $ (2,658) $ (1,449) $ (4,107) Liabilities Long-term debt 172,238 (7,215) (5,592) (12,807) 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 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 $14.6 billion and $26.0 billion at March 31, 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 March 31, 2023 and December 31, 2022, the carrying amount excluded for AFS securities is $19.9 billion and $20.3 billion, respectively, and for long-term debt is $217 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 March 31, 2023, the amortized cost of the portfolio layer method closed portfolios was $38.9 billion, of which $24.5 billion was designated as hedged. The cumulative amount of basis adjustments was $21 million. Refer to Note 1 and Note 9 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 months ended March 31, 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 March 31, 2023 Amounts reclassified Amounts recorded Total change Contract type Interest rate (a) $ (427) $ 461 $ 888 Foreign exchange (b) (56) 106 162 Total $ (483) $ 567 $ 1,050 Derivatives gains/(losses) recorded in income and other comprehensive income/(loss) Three months ended March 31, 2022 Amounts reclassified Amounts recorded Total change in OCI for period Contract type Interest rate (a) $ 243 $ (3,361) $ (3,604) Foreign exchange (b) (6) (75) (69) Total $ 237 $ (3,436) $ (3,673) (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	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 months ended March 31, 2023 and 2022. Gains/(losses) recorded in income and other comprehensive income/(loss) 2023 2022 Three months ended March 31, Amounts recorded in income (a)(b) Amounts recorded in OCI Amounts recorded in income (a)(b) Amounts recorded in OCI Foreign exchange derivatives $ 84 $ (1,004) $ (131) $ 338 (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 three months ended March 31, 2023, the Firm reclassified a pre-tax loss of $41 million to other revenue related to the acquisition of CIFM. Refer to Note 19 for further information.
Risk management derivatives gains and losses (not designated as hedging instruments)	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) Three months ended March 31, (in millions) 2023 2022 Contract type Interest rate (a) $ (14) $ (229) Credit (b) (96) 33 Foreign exchange (c) 2 (82) Total $ (108) $ (278) (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.
Credit derivatives table	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 March 31, 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 March 31, 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 $ (643,237) $ 667,461 $ 24,224 $ 3,187 Other credit derivatives (a) (80,136) 100,213 20,077 12,241 Total credit derivatives (723,373) 767,674 44,301 15,428 Credit-related notes (b) — — — 7,625 Total $ (723,373) $ 767,674 $ 44,301 $ 23,053 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.
Protection sold - credit derivatives ratings/maturity profile	The following tables summarize the notional amounts by the ratings, maturity profile, and total fair value, of credit derivatives as of March 31, 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 March 31, 2023 <1 year 1–5 years >5 years Total Fair value of receivables (b) Fair value of payables (b) Net fair value Risk rating of reference entity Investment-grade $ (121,414) $ (362,872) $ (84,259) $ (568,545) $ 3,263 $ (1,567) $ 1,696 Noninvestment-grade (37,875) (100,151) (16,802) (154,828) 1,991 (3,510) (1,519) Total $ (159,289) $ (463,023) $ (101,061) $ (723,373) $ 5,254 $ (5,077) $ 177 December 31, 2022 <1 year 1–5 years >5 years Total 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 Nonin_2

Noninterest Revenue and Noninterest Expense (Tables)	3 Months Ended
	Mar. 31, 2023
Noninterest Income (Expense) [Abstract]
Components of investment banking fees	The following table presents the components of investment banking fees. Three months ended March 31, (in millions) 2023 2022 Underwriting Equity $ 233 $ 242 Debt 672 974 Total underwriting 905 1,216 Advisory 744 792 Total investment banking fees $ 1,649 $ 2,008
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 6 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 March 31, (in millions) 2023 2022 Trading revenue by instrument type Interest rate (a) $ 1,786 $ 469 Credit (b) 634 457 Foreign exchange 1,551 1,324 Equity 2,693 2,255 Commodity 926 747 Total trading revenue 7,590 5,252 Private equity gains/(losses) 25 (147) Principal transactions $ 7,615 $ 5,105 (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.
Components of lending and deposit-related fees	The following table presents the components of lending- and deposit-related fees. Three months ended March 31, (in millions) 2023 2022 Lending-related fees $ 369 $ 362 Deposit-related fees 1,251 1,477 Total lending- and deposit-related fees $ 1,620 $ 1,839
Components of asset management fees	The following table presents the components of asset management fees. Three months ended March 31, (in millions) 2023 2022 Asset management fees Investment management fees (a) $ 3,390 $ 3,562 All other asset management fees (b) 75 90 Total asset management fees $ 3,465 $ 3,652 (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) 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 March 31, (in millions) 2023 2022 Commissions and other fees Brokerage commissions (a) $ 747 $ 810 Administration fees (b) 557 633 All other commissions and fees (c) 391 267 Total commissions and other fees $ 1,695 $ 1,710 (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 March 31, (in millions) 2023 2022 Interchange and merchant processing income $ 7,139 $ 6,235 Rewards costs and partner payments (5,509) (4,870) Other card income (a) (396) (390) Total card income $ 1,234 $ 975 (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 March 31, 2023 2022 Operating lease income $ 755 $ 1,048 Losses on tax-oriented investments (a) (412) (408) Gain related to the acquisition of CIFM (b) 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) Gain on the original minority interest in CIFM upon the Firm's acquisition of the remaining 51% of the entity.
Components of noninterest expense	Other expense on the Firm’s Consolidated statements of income includes the following: Three months ended March 31, (in millions) 2023 2022 Legal expense $ 176 $ 119

Interest Income and Interest _2

Interest Income and Interest Expense (Tables)	3 Months Ended
	Mar. 31, 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 March 31, (in millions) 2023 2022 Interest income Loans (a) $ 17,708 $ 10,633 Taxable securities 3,967 1,979 Non-taxable securities (b) 248 245 Total investment securities (a) 4,215 2,224 Trading assets - debt instruments 3,646 1,767 Federal funds sold and securities purchased under resale agreements 3,131 397 Securities borrowed (c) 1,716 (87) Deposits with banks 4,819 238 All other interest-earning assets (d) 1,769 324 Total interest income $ 37,004 $ 15,496 Interest expense Interest-bearing deposits $ 7,637 $ 182 Federal funds purchased and securities loaned or sold under repurchase agreements 2,804 113 Short-term borrowings (e) 421 44 Trading liabilities – debt and all other interest-bearing liabilities (f) 1,971 191 Long-term debt 3,313 1,076 Beneficial interest issued by consolidated VIEs 147 18 Total interest expense $ 16,293 $ 1,624 Net interest income $ 20,711 $ 13,872 Provision for credit losses 2,275 1,463 Net interest income after provision for credit losses $ 18,436 $ 12,409 (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) Negative interest and rates reflect the net impact of interest earned offset by fees paid on client-driven prime brokerage securities borrowed transactions. (d) 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. (e) Includes commercial paper. (f) All other interest-bearing liabilities includes interest expense on brokerage-related customer payables.

Pension and Other Postretirem_2

Pension and Other Postretirement Employee Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 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 March 31, 2023 2022 Pension and OPEB plans Total net periodic defined benefit plan cost/(credit) $ (94) $ (64) Total defined contribution plans 365 344 Total pension and OPEB cost included in noninterest expense $ 271 $ 280

Employee Share-based Incentiv_2

Employee Share-based Incentives (Tables)	3 Months Ended
	Mar. 31, 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 March 31, (in millions) 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 $ 357 $ 271 Accrual of estimated costs of share-based awards to be granted in future periods, predominantly those to full-career eligible employees 513 535 Total noncash compensation expense related to employee share-based incentive plans $ 870 $ 806

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
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. March 31, 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 $ 71,570 $ 592 $ 4,857 $ 67,305 $ 77,194 $ 479 $ 6,170 $ 71,503 Residential: U.S. 1,695 1 103 1,593 1,576 1 111 1,466 Non-U.S. 2,885 4 11 2,878 3,176 5 27 3,154 Commercial 2,101 — 154 1,947 2,113 — 155 1,958 Total mortgage-backed securities 78,251 597 5,125 73,723 84,059 485 6,463 78,081 U.S. Treasury and government agencies 83,648 513 2,522 81,639 95,217 302 3,459 92,060 Obligations of U.S. states and municipalities 13,692 166 329 13,529 7,103 86 403 6,786 Non-U.S. government debt securities 19,960 13 543 19,430 20,360 14 678 19,696 Corporate debt securities 392 — 28 364 381 — 24 357 Asset-backed securities: Collateralized loan obligations 5,607 2 89 5,520 5,916 1 125 5,792 Other 3,100 4 61 3,043 3,152 2 69 3,085 Unallocated portfolio layer fair value basis adjustments (a) 21 (21) — NA NA NA NA NA Total available-for-sale securities 204,671 1,274 8,697 197,248 216,188 890 11,221 205,857 Held-to-maturity securities (b) Mortgage-backed securities: U.S. GSEs and government agencies 112,980 84 11,893 101,171 113,492 35 13,709 99,818 U.S. Residential 10,602 5 1,132 9,475 10,503 3 1,244 9,262 Commercial 10,747 10 734 10,023 10,361 10 734 9,637 Total mortgage-backed securities 134,329 99 13,759 120,669 134,356 48 15,687 118,717 U.S. Treasury and government agencies 202,487 — 15,275 187,212 207,463 — 18,363 189,100 Obligations of U.S. states and municipalities 12,299 52 740 11,611 19,747 53 1,080 18,720 Asset-backed securities: Collateralized loan obligations 61,528 50 1,175 60,403 61,414 4 1,522 59,896 Other 2,184 — 89 2,095 2,325 — 110 2,215 Total held-to-maturity securities 412,827 201 31,038 381,990 425,305 105 36,762 388,648 Total investment securities, net of allowance for credit losses $ 617,498 $ 1,475 $ 39,735 $ 579,238 $ 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 for the individual securities being hedged. Refer to Note 1 and Note 4 for additional information. (b) The Firm purchased $3.6 billion and $13.2 billion of HTM securities for the three months ended March 31, 2023 and 2022, respectively. (c) The amortized cost of investment securities is reported net of allowance for credit losses of $90 million and $96 million at March 31, 2023 and December 31, 2022, respectively. (d) Excludes $2.4 billion and $2.5 billion of accrued interest receivable at March 31, 2023 and December 31, 2022, respectively. The Firm did not reverse through interest income any accrued interest receivable for the three months ended March 31, 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.
Securities impairment	The following tables present the fair value and gross unrealized losses by aging category for AFS securities at March 31, 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 $7.4 billion and $9.6 billion, at March 31, 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 March 31, 2023 (in millions) Fair value Gross Fair value Gross Total fair value Total gross unrealized losses Available-for-sale securities Mortgage-backed securities: Residential: U.S. $ 474 $ 16 $ 1,062 $ 87 $ 1,536 $ 103 Non-U.S. 966 4 1,653 7 2,619 11 Commercial 249 17 1,678 137 1,927 154 Total mortgage-backed securities 1,689 37 4,393 231 6,082 268 Obligations of U.S. states and municipalities 2,164 66 1,202 263 3,366 329 Non-U.S. government debt securities 7,592 70 5,475 473 13,067 543 Corporate debt securities 110 2 249 26 359 28 Asset-backed securities: Collateralized loan obligations 352 4 4,882 85 5,234 89 Other 1,537 29 1,071 32 2,608 61 Total available-for-sale securities with gross unrealized losses $ 13,444 $ 208 $ 17,272 $ 1,110 $ 30,716 $ 1,318 Available-for-sale securities with gross unrealized losses Less than 12 months 12 months or more December 31, 2022 (in millions) Fair value Gross Fair value Gross 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
Securities gains and losses and provision for credit loss	Three months ended March 31, (in millions) 2023 2022 Realized gains $ 131 $ 13 Realized losses (999) (407) Investment securities losses $ (868) $ (394) Provision for credit losses $ 1 $ (1)
Amortized cost and estimated fair value by contractual maturity	The following table presents the amortized cost and estimated fair value at March 31, 2023, of JPMorgan Chase’s investment securities portfolio by contractual maturity. By remaining maturity Due in one 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 $ 3,406 $ 4,644 $ 70,187 $ 78,251 Fair value 14 3,259 4,678 65,772 73,723 Average yield (a) 2.14 % 4.16 % 5.69 % 4.04 % 4.14 % U.S. Treasury and government agencies Amortized cost $ 11,298 $ 45,163 $ 20,706 $ 6,481 $ 83,648 Fair value 11,030 43,602 20,506 6,501 81,639 Average yield (a) 0.36 % 3.87 % 4.33 % 6.33 % 3.70 % Obligations of U.S. states and municipalities Amortized cost $ 18 $ 140 $ 2,380 $ 11,154 $ 13,692 Fair value 18 142 2,403 10,966 13,529 Average yield (a) 4.84 % 4.51 % 4.46 % 5.44 % 5.26 % Non-U.S. government debt securities Amortized cost $ 12,348 $ 2,802 $ 4,436 $ 374 $ 19,960 Fair value 12,339 2,710 4,006 375 19,430 Average yield (a) 3.89 % 2.20 % 1.47 % 3.51 % 3.11 % Corporate debt securities Amortized cost $ 187 $ 221 $ 13 $ — $ 421 Fair value 134 217 13 — 364 Average yield (a) 15.98 % 11.40 % 6.11 % — % 13.26 % Asset-backed securities Amortized cost $ 103 $ 1,406 $ 3,645 $ 3,553 $ 8,707 Fair value 98 1,382 3,598 3,485 8,563 Average yield (a) 5.25 % 3.13 % 5.52 % 5.68 % 5.20 % Total available-for-sale securities Amortized cost (b) $ 23,968 $ 53,138 $ 35,824 $ 91,749 $ 204,679 Fair value 23,633 51,312 35,204 87,099 197,248 Average yield (a) 2.33 % 3.82 % 4.29 % 4.43 % 4.00 % Held-to-maturity securities Mortgage-backed securities Amortized cost $ 99 $ 2,755 $ 11,506 $ 119,996 $ 134,356 Fair value 96 2,575 10,332 107,666 120,669 Average yield (a) 5.70 % 2.61 % 2.55 % 2.98 % 2.94 % U.S. Treasury and government agencies Amortized cost $ 57,971 $ 77,514 $ 67,002 $ — $ 202,487 Fair value 56,374 72,935 57,903 — 187,212 Average yield (a) 0.45 % 0.84 % 1.27 % — % 0.87 % Obligations of U.S. states and municipalities Amortized cost $ — $ — $ 738 $ 11,595 $ 12,333 Fair value — — 711 10,900 11,611 Average yield (a) — % — % 4.20 % 4.06 % 4.06 % Asset-backed securities Amortized cost $ — $ 82 $ 19,511 $ 44,119 $ 63,712 Fair value — 82 19,262 43,154 62,498 Average yield (a) — % 5.72 % 5.37 % 5.48 % 5.45 % Total held-to-maturity securities Amortized cost (b) $ 58,070 $ 80,351 $ 98,757 $ 175,710 $ 412,888 Fair value 56,470 75,592 88,208 161,720 381,990 Average yield (a) 0.46 % 0.91 % 2.25 % 3.68 % 2.35 % (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 $(29) million and the portfolio layer fair value hedge basis adjustments of $21 million at March 31, 2023. The amortized cost of held-to-maturity securities also excludes the allowance for credit losses of $(61) million at March 31, 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 seven years for agency residential MBS, and six years for both agency residential collateralized mortgage obligations and nonagency residential collateralized mortgage obligations.

Securities Financing Activiti_2

Securities Financing Activities (Tables)	3 Months Ended
	Mar. 31, 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 March 31, 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. March 31, 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 $ 608,147 $ (291,100) $ 317,047 $ (308,851) $ 8,196 Securities borrowed 233,841 (37,924) 195,917 (142,451) 53,466 Liabilities Securities sold under repurchase agreements $ 531,763 $ (291,100) $ 240,663 $ (204,338) $ 36,325 Securities loaned and other (a) 48,570 (37,924) 10,646 (10,563) 83 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 $6.6 billion and $7.0 billion at March 31, 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 March 31, 2023 and December 31, 2022, included $6.2 billion and $6.0 billion, respectively, of securities purchased under resale agreements; $49.7 billion and $49.0 billion, respectively, of securities borrowed; $35.0 billion and $29.1 billion, respectively, of securities sold under repurchase agreements; and securities loaned and other which were not material at both March 31, 2023 and December 31, 2022.
Schedule of types of assets pledged in secured financing transactions	The tables below present as of March 31, 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 March 31, 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 $ 68,935 $ — $ 58,050 $ — Residential - nonagency 2,538 — 2,414 — Commercial - nonagency 1,689 — 2,007 — U.S. Treasury, GSEs and government agencies 242,331 1,294 191,254 1,464 Obligations of U.S. states and municipalities 1,987 39 1,735 5 Non-U.S. government debt 146,097 959 155,156 1,259 Corporate debt securities 38,013 3,422 37,121 461 Asset-backed securities 4,017 — 2,981 — Equity securities 26,156 42,856 30,075 49,254 Total $ 531,763 $ 48,570 $ 480,793 $ 52,443 Remaining contractual maturity of the agreements Overnight and continuous Greater than March 31, 2023 (in millions) Up to 30 days 30 – 90 days Total Total securities sold under repurchase agreements $ 261,992 $ 148,156 $ 40,759 $ 80,856 $ 531,763 Total securities loaned and other 47,146 339 — 1,085 48,570 Remaining contractual maturity of the agreements Overnight and continuous Greater than 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

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Loan portfolio segment descriptions	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 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 and Corporate. (b) Includes scored auto and business banking loans and overdrafts. (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.
Schedule of loans by portfolio segment	The following tables summarize the Firm’s loan balances by portfolio segment. March 31, 2023 Consumer, excluding credit card Credit card Wholesale Total (a)(b) (in millions) Retained $ 300,447 $ 180,079 $ 604,324 $ 1,084,850 Held-for-sale 572 — 4,928 5,500 At fair value 10,414 — 28,132 38,546 Total $ 311,433 $ 180,079 $ 637,384 $ 1,128,896 December 31, 2022 Consumer, excluding credit card Credit card Wholesale Total (a)(b) (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) Excludes $5.3 billion and $5.2 billion of accrued interest receivables at March 31, 2023 and December 31, 2022, respectively. The Firm wrote off accrued interest receivables of $11 million and $12 million for the three months ended March 31, 2023 and 2022, respectively. (b) 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 March 31, 2023, and December 31, 2022. The following table provides information about retained consumer loans, excluding credit card, by class. (in millions) March 31, December 31, Residential real estate $ 236,115 $ 237,561 Auto and other 64,332 63,192 Total retained loans $ 300,447 $ 300,753
Schedule of retained loans purchased, sold and reclassified to held-for-sale	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 March 31, Consumer, excluding Credit card Wholesale Total Consumer, excluding Credit card Wholesale Total Purchases $ 79 (b)(c) $ — $ 163 $ 242 $ 119 (b)(c) $ — $ 166 $ 285 Sales — — 9,171 9,171 47 — 9,707 9,754 Retained loans reclassified to held-for-sale (a) 43 — 314 357 76 — 273 349 (a) Reclassifications of loans to held-for-sale are non-cash transactions. (b) Predominantly 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 months ended March 31, 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 $663 million and $3.2 billion for the three months ended March 31, 2023 and 2022, respectively, which are predominantly sourced through the correspondent origination channel and underwritten in accordance with the Firm’s standards.
Schedule of financing receivable credit quality indicators	The following tables provide information on delinquency and gross charge-offs for the three months ended March 31, 2023. (in millions, except ratios) March 31, 2023 Term loans by origination year (d) Revolving loans Total 2023 2022 2021 2020 2019 Prior to 2019 Within the revolving period Converted to term loans Loan delinquency (a)(b) Current $ 2,613 $ 39,656 $ 65,294 $ 42,762 $ 15,103 $ 54,592 $ 5,265 $ 9,237 $ 234,522 30–149 days past due — 21 14 13 20 605 16 216 905 150 or more days past due — 1 2 5 11 497 2 170 688 Total retained loans $ 2,613 $ 39,678 $ 65,310 $ 42,780 $ 15,134 $ 55,694 $ 5,283 $ 9,623 $ 236,115 % of 30+ days past due to total retained loans (c) — % 0.06 % 0.02 % 0.04 % 0.20 % 1.94 % 0.34 % 4.01 % 0.67 % Gross charge-offs $ — $ — $ — $ — $ — $ 7 $ 8 $ 3 $ 18 (in millions, except ratios) December 31, 2022 Term loans by origination year (d) 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 (c) 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 March 31, 2023 and December 31, 2022 (b) At March 31, 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) Excludes mortgage loans that are 30 or more days past due insured by U.S. government agencies which were not material at March 31, 2023 and December 31, 2022. These amounts have been excluded based upon the government guarantee. (d) 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) March 31, 2023 December 31, 2022 Nonaccrual loans (a)(b)(c)(d)(e) $ 3,710 $ 3,745 Current estimated LTV ratios (f)(g)(h) Greater than 125% and refreshed FICO scores: Equal to or greater than 660 $ 4 $ 2 Less than 660 2 — 101% to 125% and refreshed FICO scores: Equal to or greater than 660 196 174 Less than 660 5 6 80% to 100% and refreshed FICO scores: Equal to or greater than 660 12,774 12,034 Less than 660 250 184 Less than 80% and refreshed FICO scores: Equal to or greater than 660 213,157 215,096 Less than 660 8,823 8,659 No FICO/LTV available 904 1,406 (k) Total retained loans $ 236,115 $ 237,561 Weighted average LTV ratio (f)(i) 51 % 51 % Weighted average FICO (g)(i) 770 769 Geographic region (j)(k) California $ 72,610 $ 73,112 New York 34,271 34,471 Florida 18,877 18,870 Texas 14,899 14,968 Illinois 11,133 11,296 Colorado 9,979 9,968 Washington 9,043 9,060 New Jersey 7,013 7,108 Massachusetts 6,352 6,380 Connecticut 5,408 5,432 All other 46,530 46,896 Total retained loans $ 236,115 $ 237,561 (a) I ncludes 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 March 31, 2023, approximately 9% 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 March 31, 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 $45 million for both the three months ended March 31, 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 March 31, 2023. (k) Prior-period amount has been revised to conform with the current presentation. March 31, 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 $ 7,994 $ 19,938 $ 18,215 $ 10,071 $ 3,350 $ 1,468 $ 2,427 $ 111 $ 63,574 30–119 days past due 71 212 217 76 52 35 12 19 694 120 or more days past due — — 36 17 — 1 2 8 64 Total retained loans $ 8,065 $ 20,150 $ 18,468 $ 10,164 $ 3,402 $ 1,504 $ 2,441 $ 138 $ 64,332 % of 30+ days past due to total retained loans (a) 0.88 % 1.05 % 1.12 % 0.74 % 1.53 % 2.39 % 0.57 % 19.57 % 1.08 % Gross charge-offs $ 27 $ 112 $ 41 $ 14 $ 9 $ 14 $ — $ — $ 217 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 March 31, 2023 and December 31, 2022, auto and other loans excluded $65 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. 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 March 31, 2023 December 31, 2022 Nonaccrual loans (a)(b)(c) $ 133 $ 129 Geographic region (d) California $ 9,736 $ 9,689 Texas 7,434 7,216 Florida 5,013 4,847 New York 4,411 4,345 Illinois 2,916 2,839 New Jersey 2,292 2,219 Pennsylvania 1,823 1,822 Georgia 1,760 1,708 Ohio 1,631 1,603 Arizona 1,570 1,551 All other 25,746 25,353 Total retained loans $ 64,332 $ 63,192 (a) At March 31, 2023 and December 31, 2022, nonaccrual loans excluded $54 million and $101 million, respectively, of PPP loans 90 or more days past due and guaranteed by the SBA, of which $53 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 March 31, 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 months ended March 31, 2023 and 2022 . (d) The geographic regions presented in this table are ordered based on the magnitude of the corresponding loan balances at March 31, 2023. The following tables provide information on delinquency and gross charge-offs for the three months ended March 31, 2023. (in millions, except ratios) March 31, 2023 Within the revolving period Converted to term loans Total Loan delinquency Current and less than 30 days past due $ 176,353 $ 702 $ 177,055 30–89 days past due and still accruing 1,462 65 1,527 90 or more days past due and still accruing 1,464 33 1,497 Total retained loans $ 179,279 $ 800 $ 180,079 Loan delinquency ratios % of 30+ days past due to total retained loans 1.63 % 12.25 % 1.68 % % of 90+ days past due to total retained loans 0.82 4.13 0.83 Gross charge-offs $ 1,075 $ 36 $ 1,111 (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 $ 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) March 31, 2023 December 31, 2022 Geographic region (a) California $ 27,424 $ 28,154 Texas 18,924 19,171 New York 14,657 15,046 Florida 12,778 12,905 Illinois 9,781 10,089 New Jersey 7,410 7,643 Ohio 5,545 5,792 Colorado 5,420 5,493 Pennsylvania 5,231 5,517 Arizona 4,392 4,487 All other 68,517 70,878 Total retained loans $ 180,079 $ 185,175 Percentage of portfolio based on carrying value with estimated refreshed FICO scores Equal to or greater than 660 85.3 % 86.8 % Less than 660 14.5 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 March 31, 2023. 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 three months ended March 31, 2023. Secured by real estate Commercial and industrial Other (a) Total retained loans (in millions, except ratios) Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, Loans by risk ratings Investment-grade $ 99,301 $ 99,552 $ 76,797 $ 76,275 $ 248,757 $ 249,585 $ 424,855 $ 425,412 Noninvestment-grade: Noncriticized 23,550 23,272 80,992 81,393 57,487 57,888 162,029 162,553 Criticized performing 4,200 3,662 9,696 8,974 1,333 1,106 15,229 13,742 Criticized nonaccrual 338 246 1,263 1,018 610 699 2,211 1,963 Total noninvestment-grade 28,088 27,180 91,951 91,385 59,430 59,693 179,469 178,258 Total retained loans $ 127,389 $ 126,732 $ 168,748 $ 167,660 $ 308,187 $ 309,278 $ 604,324 $ 603,670 % of investment-grade to total retained loans 77.95 % 78.55 % 45.51 % 45.49 % 80.72 % 80.70 % 70.30 % 70.47 % % of total criticized to total retained loans 3.56 3.08 6.49 5.96 0.63 0.58 2.89 2.60 % of criticized nonaccrual to total retained loans 0.27 0.19 0.75 0.61 0.20 0.23 0.37 0.33 (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. Secured by real estate (in millions) March 31, 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 $ 1,691 $ 23,975 $ 22,370 $ 14,280 $ 14,266 $ 21,517 $ 1,202 $ — $ 99,301 Noninvestment-grade 839 6,546 5,805 3,022 3,633 7,628 614 1 28,088 Total retained loans $ 2,530 $ 30,521 $ 28,175 $ 17,302 $ 17,899 $ 29,145 $ 1,816 $ 1 $ 127,389 Gross charge-offs $ — $ — $ — $ — $ — $ 8 $ — $ — $ 8 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) March 31, 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 $ 8,780 $ 14,073 $ 7,567 $ 2,643 $ 1,396 $ 1,450 $ 40,887 $ 1 $ 76,797 Noninvestment-grade 5,745 20,505 11,161 2,988 2,154 1,409 47,906 83 91,951 Total retained loans $ 14,525 $ 34,578 $ 18,728 $ 5,631 $ 3,550 $ 2,859 $ 88,793 $ 84 $ 168,748 Gross charge-offs $ — $ — $ 16 $ 1 $ 2 $ 3 $ 63 $ 1 $ 86 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) March 31, 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 $ 10,340 $ 25,435 $ 14,913 $ 12,359 $ 4,370 $ 8,158 $ 170,325 $ 2,857 $ 248,757 Noninvestment-grade 2,794 14,432 6,165 1,692 692 830 32,821 4 59,430 Total retained loans $ 13,134 $ 39,867 $ 21,078 $ 14,051 $ 5,062 $ 8,988 $ 203,146 $ 2,861 $ 308,187 Gross charge-offs $ — $ — $ 5 $ 5 $ — $ — $ 1 $ — $ 11 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. 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 Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, Retained loans secured by real estate $ 79,374 $ 79,139 $ 48,015 $ 47,593 $ 127,389 $ 126,732 Criticized 2,212 1,916 2,326 1,992 4,538 3,908 % of criticized to total retained loans secured by real estate 2.79 % 2.42 % 4.84 % 4.19 % 3.56 % 3.08 % Criticized nonaccrual $ 60 $ 51 $ 278 $ 195 $ 338 $ 246 % of criticized nonaccrual loans to total retained loans secured by real estate 0.08 % 0.06 % 0.58 % 0.41 % 0.27 % 0.19 % Geographic distribution and delinquency The following table provides information on the geographic distribution and delinquency for retained wholesale loans. Secured by real estate Commercial Other Total (in millions) Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, Loans by geographic distribution (a) Total U.S. $ 124,360 $ 123,740 $ 127,826 $ 125,324 $ 229,930 $ 230,525 $ 482,116 $ 479,589 Total non-U.S. 3,029 2,992 40,922 42,336 78,257 78,753 122,208 124,081 Total retained loans $ 127,389 $ 126,732 $ 168,748 $ 167,660 $ 308,187 $ 309,278 $ 604,324 $ 603,670 Loan delinquency Current and less than 30 days past due and still accruing $ 126,781 $ 126,083 $ 166,249 $ 165,415 $ 305,985 $ 307,511 $ 599,015 $ 599,009 30–89 days past due and still accruing 270 402 1,160 1,127 1,527 1,015 2,957 2,544 90 or more days past due and still accruing (b) — 1 76 100 65 53 141 154 Criticized nonaccrual 338 246 1,263 1,018 610 699 2,211 1,963 Total retained loans $ 127,389 $ 126,732 $ 168,748 $ 167,660 $ 308,187 $ 309,278 $ 604,324 $ 603,670 (a) The U.S. and non-U.S. distribution is determined based predominantly on the domicile of the borrower. (b) 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 March 31, 2022 Number of loans approved for a trial modification 1,526 Number of loans permanently modified 1,542 Concession granted: (a) Interest rate reduction 64 % Term or payment extension 77 Principal and/or interest deferred 13 Principal forgiveness 1 Other (b) 27 (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.
Financial effects of modifications and re-defaults	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 March 31, 2022 Weighted-average interest rate of loans with interest rate reductions – before TDR 4.43 % Weighted-average interest rate of loans with interest rate reductions – after TDR 3.31 Weighted-average remaining contractual term (in years) of loans with term or payment extensions – before TDR 23 Weighted-average remaining contractual term (in years) of loans with term or payment extensions – after TDR 39 Charge-offs recognized upon permanent modification $ — Principal deferred 7 Principal forgiven 1 Balance of loans that redefaulted within one year of permanent modification (a) $ 43 (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. 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 Three months ended March 31, 2022 Balance of new TDRs (a) $ 82 Weighted-average interest rate of loans – before TDR 18.00 % Weighted-average interest rate of loans – after TDR 4.87 Balance of loans that redefaulted within one year of modification (b) $ 9 (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.
Schedule of loan modifications	The following table provides information on credit card loan modifications considered FDMs. Three months ended March 31, 2023 Amortized % of loan modifications to total retained credit card loans Financial effect of loan modification Loan modification Term extension and interest rate reduction (a)(b) $ 163 0.09 % Term extension with a reduction in the weighted average contractual interest rate from 22.62% to 3.5% Total $ 163 (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. March 31, 2023 Amortized cost basis Current and less than 30 days past due and still accruing $ 113 30-89 days past due and still accruing 30 90 or more days past due and still accruing 20 Total $ 163 Three months ended March 31, 2023 Commercial and industrial Amortized cost basis % of loan modifications to total retained commercial and industrial wholesale loans Financial effect of loan modification Loan modification Single modifications Term extension $ 280 0.17 % Extended loans by a weighted-average of 8 months Other-than-insignificant payment delay 49 0.03 % Provided payment deferrals with delayed amounts primarily added to end of the original loan terms Multiple modifications Term extension and principal forgiveness $ 44 0.03 % Extended loans by a weighted-average of 64 months and reduced amortized cost basis of the loans by $23 million Total $ 373 The following table provides information on the payment status of Commercial and industrial FDMs. As of March 31, 2023 Amortized cost basis Current and less than 30 days past due and still accruing $ 212 30-89 days past due and still accruing 4 90 or more days past due and still accruing — Criticized nonaccrual 157 Total $ 373
Subsequent default of loan modifications	The following table provides information on Commercial and industrial FDMs that re-defaulted during the three months ended March 31, 2023. Three months ended March 31, 2023 Amortized cost basis Loan modification Term extension 4 Total (a) $ 4 (a) Represents FDMs that were 30 days or more past due at March 31, 2023.
Schedule of nonaccrual loans	The following table provides information on retained wholesale nonaccrual loans. Secured by real estate Commercial Other Total Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, Nonaccrual loans With an allowance $ 219 $ 172 $ 795 $ 686 $ 384 $ 487 $ 1,398 $ 1,345 Without an allowance (a) 119 74 468 332 226 212 813 618 Total nonaccrual loans (b) $ 338 $ 246 $ 1,263 $ 1,018 $ 610 $ 699 $ 2,211 $ 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 months ended March 31, 2023 and 2022.

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 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 9 of this Form 10-Q for further information on the allowance for credit losses on investment securities. 2023 2022 Three months ended March 31, Consumer, excluding 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 235 1,111 105 1,451 204 720 52 976 Gross recoveries collected (103) (189) (22) (314) (158) (214) (22) (394) Net charge-offs/(recoveries) 132 922 83 1,137 46 506 30 582 Provision for loan losses 247 1,222 578 2,047 175 506 687 1,368 Other — — 4 4 — — 20 20 Ending balance at March 31, $ 1,666 $ 11,400 $ 6,987 $ 20,053 $ 1,894 $ 10,250 $ 5,048 $ 17,192 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 1 — (14) (13) (2) — 98 96 Other — — 1 1 — — 1 1 Ending balance at March 31 $ 77 $ — $ 2,293 $ 2,370 $ 111 $ — $ 2,247 $ 2,358 Total allowance for investment securities NA NA NA 90 NA NA NA 41 Total allowance for credit losses (b) $ 1,743 $ 11,400 $ 9,280 $ 22,513 $ 2,005 $ 10,250 $ 7,295 $ 19,591 Allowance for loan losses by impairment methodology Asset-specific (c) $ (1,030) $ — $ 437 $ (593) $ (644) $ 262 $ 485 $ 103 Portfolio-based 2,696 11,400 6,550 20,646 2,538 9,988 4,563 17,089 Total allowance for loan losses $ 1,666 $ 11,400 $ 6,987 $ 20,053 $ 1,894 $ 10,250 $ 5,048 $ 17,192 Loans by impairment methodology Asset-specific (c) $ 3,560 $ — $ 2,189 $ 5,749 $ 13,186 $ 901 $ 2,823 $ 16,910 Portfolio-based 296,887 180,079 602,135 1,079,101 282,975 151,382 567,130 1,001,487 Total retained loans $ 300,447 $ 180,079 $ 604,324 $ 1,084,850 $ 296,161 $ 152,283 $ 569,953 $ 1,018,397 Collateral-dependent loans Net charge-offs $ 4 $ — $ 18 $ 22 $ (5) $ — $ 7 $ 2 Loans measured at fair value of collateral less cost to sell 3,539 — 586 4,125 4,144 — 665 4,809 Allowance for lending-related commitments by impairment methodology Asset-specific $ — $ — $ 45 $ 45 $ — $ — $ 139 $ 139 Portfolio-based 77 — 2,248 2,325 111 — 2,108 2,219 Total allowance for lending-related commitments (d) $ 77 $ — $ 2,293 $ 2,370 $ 111 $ — $ 2,247 $ 2,358 Lending-related commitments by impairment methodology Asset-specific $ — $ — $ 401 $ 401 $ — $ — $ 767 $ 767 Portfolio-based (e) 21,569 — 466,600 488,169 31,847 — 463,570 495,417 Total lending-related commitments $ 21,569 $ — $ 467,001 $ 488,570 $ 31,847 $ — $ 464,337 $ 496,184 (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 March 31, 2023, in addition to the allowance for credit losses in the table above, the Firm also had an allowance for credit losses of $241 million associated with Other assets in Corporate and $20 million associated with certain accounts receivable in CIB. (c) 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. (d) The allowance for lending-related commitments is reported in accounts payable and other liabilities on the Consolidated balance sheets. (e) At March 31, 2023 and 2022, lending-related commitments excluded $16.0 billion and $15.3 billion, respectively, for the consumer, excluding credit card portfolio segment; $861.2 billion and $757.3 billion, respectively, for the credit card portfolio segment; and $17.5 billion and $32.9 billion, respectively, for the wholesale portfolio segment, which were not subject to the allowance for lending-related commitments.
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 March 31, 2023 2Q23 4Q23 2Q24 U.S. unemployment rate (a) 3.5 % 4.1 % 4.9 % YoY growth in U.S. real GDP (b) 2.0 % 0.4 % — % 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.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	3 Months Ended
	Mar. 31, 2023
Variable Interest Entities [Abstract]
Schedule of significant types of variable interest entities by business segment	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 140 Mortgage securitization trusts Servicing and securitization of both originated and purchased residential mortgages 140-142 CIB Mortgage and other securitization trusts Securitization of both originated and purchased residential and commercial mortgages, and other consumer loans 140-142 Multi-seller conduits Assisting clients in accessing the financial markets in a cost-efficient manner and structuring transactions to meet investor needs 142 Municipal bond vehicles Financing of municipal bond investments 142
Firm-sponsored mortgage and other consumer 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) March 31, 2023 (in millions) Total assets held by securitization VIEs Assets Assets held in nonconsolidated securitization VIEs with continuing involvement Trading assets Investment securities Other financial assets Total interests held by JPMorgan Securitization-related (a) Residential mortgage: Prime/Alt-A and option ARMs $ 55,451 $ 735 $ 37,836 $ 839 $ 1,959 $ — $ 2,798 Subprime 9,515 — 1,701 16 — — 16 Commercial and other (b) 163,184 — 126,194 795 5,398 663 6,856 Total $ 228,150 $ 735 $ 165,731 $ 1,650 $ 7,357 $ 663 $ 9,670 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 Assets held in nonconsolidated securitization VIEs with continuing involvement Trading assets Investment securities Other financial assets Total interests held by 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 $3 million and $134 million at March 31, 2023 and December 31, 2022, respectively, and subordinated securities which were zero and $34 million at March 31, 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 March 31, 2023 and December 31, 2022, 83% 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 $2.8 billion and $2.6 billion of investment-grade retained interests at March 31, 2023 and December 31, 2022, respectively, and noninvestment-grade retained interests were not material at both March 31, 2023 and December 31, 2022. The retained interests in commercial and other securitization trusts consisted of $5.8 billion of investment-grade retained interests at both March 31, 2023 and December 31, 2022, and $1.1 billion of noninvestment-grade retained interests at both March 31, 2023 and December 31, 2022.
Schedule of re-securitizations	The following table presents the principal amount of securities transferred to re-securitization VIEs. Three months ended March 31, (in millions) 2023 2022 Transfers of securities to VIEs U.S. GSEs and government agencies $ 3,406 $ 6,076 The following table presents information on the Firm's interests in nonconsolidated re-securitization VIEs. Nonconsolidated (in millions) March 31, 2023 December 31, 2022 U.S. GSEs and government agencies Interest in VIEs $ 3,411 $ 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 March 31, 2023, and December 31, 2022. Assets Liabilities March 31, 2023 (in millions) Trading assets Loans Other (c) Total assets (d) Beneficial interests in VIE assets (e) Other (f) Total VIE program type Firm-sponsored credit card trusts $ — $ 8,948 $ 84 $ 9,032 $ 999 $ 2 $ 1,001 Firm-administered multi-seller conduits 4 22,397 162 22,563 12,175 29 12,204 Municipal bond vehicles 1,965 — 24 1,989 1,593 8 1,601 Mortgage securitization entities (a) — 764 10 774 136 61 197 Other 64 1,133 (b) 253 1,450 — 155 155 Total $ 2,033 $ 33,242 $ 533 $ 35,808 $ 14,903 $ 255 $ 15,158 Assets Liabilities December 31, 2022 (in millions) Trading assets Loans Other (c) Total assets (d) Beneficial interests in VIE assets (e) Other (f) Total 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 (b) 263 1,437 — 161 161 Total $ 2,151 $ 34,411 $ 550 $ 37,112 $ 12,610 $ 279 $ 12,889 (a) Includes residential mortgage securitizations. (b) Primarily includes purchased supply chain finance receivables and purchased auto loan securitizations in CIB. (c) Includes assets classified as cash and other assets on the Consolidated balance sheets. (d) 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. (e) The interest-bearing beneficial interest liabilities issued by consolidated VIEs are classified in the line item on the Consolidated balance sheets titled, “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 $1.1 billion and $2.1 billion at March 31, 2023, and December 31, 2022, respectively. (f) Includes liabilities classified as accounts payable and other liabilities on the Consolidated balance sheets.
Securitization activities	The following table provides information related to the Firm’s securitization activities for the three months ended March 31, 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 March 31, 2023 2022 (in millions) Residential mortgage (d) Commercial and other (e) Residential mortgage (d) Commercial and other (e) Principal securitized $ 1,073 $ — $ 6,495 $ 3,108 All cash flows during the period: (a) Proceeds received from loan sales as financial instruments (b)(c) $ 1,030 $ — $ 6,375 $ 3,106 Servicing fees collected 6 — 24 — Cash flows received on interests 74 87 155 71 (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 March 31, (in millions) 2023 2022 Carrying value of loans sold $ 2,698 $ 23,668 Proceeds received from loan sales as cash 7 9 Proceeds from loan sales as securities (a)(b) 2,662 23,258 Total proceeds received from loan sales (c) $ 2,669 $ 23,267 Gains/(losses) on loan sales (d)(e) $ — $ — (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	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 March 31, 2023 and December 31, 2022. Substantially all of these loans and real estate are insured or guaranteed by U.S. government agencies. (in millions) March 31, December 31, Loans repurchased or option to repurchase (a) $ 709 $ 839 Real estate owned 10 10 Foreclosed government-guaranteed residential mortgage loans (b) 23 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	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 March 31, 2023, and December 31, 2022. Net liquidation losses/(recoveries) Securitized assets 90 days past due Three months ended March 31, (in millions) March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 2023 2022 Securitized loans Residential mortgage: Prime / Alt-A & option ARMs $ 37,836 $ 37,058 $ 528 $ 511 $ 7 $ (6) Subprime 1,701 1,743 196 212 2 — Commercial and other 126,194 127,037 863 948 19 6 Total loans securitized $ 165,731 $ 165,838 $ 1,587 $ 1,671 $ 28 $ —

Goodwill and Mortgage Servici_2

Goodwill and Mortgage Servicing Rights (Tables)	3 Months Ended
	Mar. 31, 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) March 31, December 31, Consumer & Community Banking $ 32,121 $ 32,121 Corporate & Investment Bank 8,008 8,008 Commercial Banking 2,985 2,985 Asset & Wealth Management 8,366 7,902 Corporate 664 646 Total goodwill $ 52,144 $ 51,662 The following table presents changes in the carrying amount of goodwill. Three months ended March 31, (in millions) 2023 2022 Balance at beginning of period $ 51,662 $ 50,315 Changes during the period from: Business combinations (a) 451 — Other (b) 31 (17) Balance at March 31, $ 52,144 $ 50,298 (a) For the three months ended March 31, 2023, represents estimated goodwill in AWM, as a result of the Firm's acquisition of the remaining 51% interest in CIFM. (b) Predominantly foreign currency adjustments.
Mortgage servicing rights activity	The following table summarizes MSR activity for the three months ended March 31, 2023 and 2022. As of or for the three months (in millions, except where otherwise noted) 2023 2022 Fair value at beginning of period $ 7,973 $ 5,494 MSR activity: Originations of MSRs 32 415 Purchase of MSRs (a) (1) 715 Disposition of MSRs 2 (57) Net additions/(dispositions) 33 1,073 Changes due to collection/realization of expected cash flows (240) (232) Changes in valuation due to inputs and assumptions: Changes due to market interest rates and other (b) (22) 894 Changes in valuation due to other inputs and assumptions: Projected cash flows (e.g., cost to service) — — Discount rates — — Prepayment model changes and other (c) 11 65 Total changes in valuation due to other inputs and assumptions 11 65 Total changes in valuation due to inputs and assumptions (11) 959 Fair value at March 31, $ 7,755 $ 7,294 Changes in unrealized gains/(losses) included in income related to MSRs held at March 31, $ (11) $ 959 Contractual service fees, late fees and other ancillary fees included in income 388 370 Third-party mortgage loans serviced at March 31, (in billions) 577 576 Servicer advances, net of an allowance for uncollectible amounts, at March 31 (d) 671 1,426 (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) 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. (c) Represents changes in prepayments other than those attributable to changes in market interest rates. (d) 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.
Mortgage fees and related income	The following table presents the components of mortgage fees and related income (including the impact of MSR risk management activities) for the three months ended March 31, 2023 and 2022. Three months ended March 31, (in millions) 2023 2022 CCB mortgage fees and related income Production revenue $ 75 $ 211 Net mortgage servicing revenue: Operating revenue: Loan servicing revenue 400 368 Changes in MSR asset fair value due to collection/realization of expected cash flows (240) (232) Total operating revenue 160 136 Risk management: Changes in MSR asset fair value due to market interest rates and other (a) (22) 894 Other changes in MSR asset fair value due to other inputs and assumptions in model (b) 11 65 Changes in derivative fair value and other (1) (850) Total risk management (12) 109 Total net mortgage servicing revenue 148 245 Total CCB mortgage fees and related income 223 456 All other (2) 4 Mortgage fees and related income $ 221 $ 460 (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).
Key economic assumptions used to determine FV of MSRs	The table below outlines the key economic assumptions used to determine the fair value of the Firm’s MSRs at March 31, 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) Mar 31, Dec 31, Weighted-average prepayment speed assumption (constant prepayment rate) 6.32 % 6.12 % Impact on fair value of 10% adverse change $ (183) $ (183) Impact on fair value of 20% adverse change (355) (356) Weighted-average option adjusted spread (a) 5.90 % 5.77 % Impact on fair value of a 100 basis point adverse change $ (332) $ (341) Impact on fair value of a 200 basis point adverse change (637) (655) (a) Includes the impact of operational risk and regulatory capital.

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2023
Deposits [Abstract]
Noninterest-bearing and interest-bearing deposits	At March 31, 2023 and December 31, 2022, noninterest-bearing and interest-bearing deposits were as follows. (in millions) March 31, December 31, 2022 U.S. offices Noninterest-bearing (included $38,803 and $26,363 at fair value) (a) $ 663,772 $ 644,902 Interest-bearing (included $595 and $586 at fair value) (a) 1,290,614 1,276,346 Total deposits in U.S. offices 1,954,386 1,921,248 Non-U.S. offices Noninterest-bearing (included $1,443 and $1,398 at fair value) (a) 25,071 27,005 Interest-bearing (included $739 and $273 at fair value) (a) 397,796 391,926 Total deposits in non-U.S. offices 422,867 418,931 Total deposits $ 2,377,253 $ 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.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Schedule of information related to operating leases	The following table provides information related to the Firm’s operating leases: (in millions) March 31, 2023 December 31, 2022 Right-of-use assets $ 7,727 $ 7,782 Lease liabilities 8,113 8,183
Schedule of operating lease income and related depreciation expense	The following table presents the Firm’s operating lease income, included within other income Three months ended March 31, (in millions) 2023 2022 Operating lease income $ 755 $ 1,048 Depreciation expense 419 711

Preferred Stock (Tables)

Preferred Stock (Tables)	3 Months Ended
	Mar. 31, 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 March 31, 2023 and December 31, 2022, and the quarterly dividend declarations for the three months ended March 31, 2023 and 2022. Shares Carrying value (in millions) Contractual rate in effect at March 31, 2023 Earliest redemption date Floating annualized rate (a) Dividend declared March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 Issue date Three months ended March 31, 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 Series EE 185,000 185,000 1,850 1,850 1/24/2019 6.000 3/1/2024 NA 150.00 150.00 Series GG 90,000 90,000 900 900 11/7/2019 4.750 12/1/2024 NA 118.75 118.75 Series JJ 150,000 150,000 1,500 1,500 3/17/2021 4.550 6/1/2026 NA 113.75 113.75 Series LL 185,000 185,000 1,850 1,850 5/20/2021 4.625 6/1/2026 NA 115.63 115.63 Series MM 200,000 200,000 2,000 2,000 7/29/2021 4.200 9/1/2026 NA 105.00 105.00 Fixed-to-floating-rate: Series I — — $ — $ — 4/23/2008 — % 4/30/2018 LIBOR + 3.47% $ — $ 92.13 Series Q 150,000 150,000 1,500 1,500 4/23/2013 5.150 5/1/2023 LIBOR + 3.25 128.75 128.75 Series R 150,000 150,000 1,500 1,500 7/29/2013 6.000 8/1/2023 LIBOR + 3.30 150.00 150.00 Series S 200,000 200,000 2,000 2,000 1/22/2014 6.750 2/1/2024 LIBOR + 3.78 168.75 168.75 Series U 100,000 100,000 1,000 1,000 3/10/2014 6.125 4/30/2024 LIBOR + 3.33 153.13 153.13 Series V — — — — 6/9/2014 — 7/1/2019 LIBOR + 3.32 — 86.40 Series X 160,000 160,000 1,600 1,600 9/23/2014 6.100 10/1/2024 LIBOR + 3.33 152.50 152.50 Series Z — — — — 4/21/2015 — 5/1/2020 LIBOR + 3.80 — — Series CC 125,750 125,750 1,258 1,258 10/20/2017 LIBOR + 2.58 11/1/2022 LIBOR + 2.58 182.79 115.63 (b) 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 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 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 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 Total preferred stock 2,740,375 2,740,375 $ 27,404 $ 27,404 (a) Floating annualized rate includes three-month LIBOR, three-month term SOFR or five-year Constant Maturity Treasury (“CMT”) rate, as applicable, plus the spreads noted above. (b) 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.

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Mar. 31, 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 months ended March 31, 2023 and 2022. (in millions, except per share amounts) Three months ended March 31, 2023 2022 Basic earnings per share Net income $ 12,622 $ 8,282 Less: Preferred stock dividends 356 397 Net income applicable to common equity 12,266 7,885 Less: Dividends and undistributed earnings allocated to participating securities 73 40 Net income applicable to common stockholders $ 12,193 $ 7,845 Total weighted-average basic shares outstanding 2,968.5 2,977.0 Net income per share $ 4.11 $ 2.64 Diluted earnings per share Net income applicable to common stockholders $ 12,193 $ 7,845 Total weighted-average basic shares outstanding 2,968.5 2,977.0 Add: Dilutive impact of unvested PSUs, nondividend-earning RSUs and SARs 4.2 4.0 Total weighted-average diluted shares outstanding 2,972.7 2,981.0 Net income per share $ 4.10 $ 2.63

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income/(Loss) (Tables)	3 Months Ended
	Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
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 Unrealized Translation adjustments, net of hedges Fair value hedges Cash flow hedges Defined benefit 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 2,212 197 (21) 798 (55) (208) 2,923 Balance at March 31, 2023 $ (6,912) (a) $ (1,348) $ (54) $ (4,858) $ (1,506) $ 260 $ (14,418) As of or for the three months ended Unrealized Translation adjustments, net of hedges Fair value hedges Cash flow hedges Defined benefit pension and 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 (7,453) (62) 110 (2,791) 67 646 (9,483) Balance at March 31, 2022 $ (4,813) (a) $ (996) $ (21) $ (3,087) $ (143) $ (507) $ (9,567)
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 March 31, 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 $ 2,042 $ (490) $ 1,552 $ (10,202) $ 2,450 $ (7,752) Reclassification adjustment for realized (gains)/losses included in net income (a) 868 (208) 660 394 (95) 299 Net change 2,910 (698) 2,212 (9,808) 2,355 (7,453) Translation adjustments (b) : Translation 973 (41) 932 (341) 24 (317) Hedges (963) 228 (735) 338 (83) 255 Net change 10 187 197 (3) (59) (62) Fair value hedges, net change (c) : (28) 7 (21) 145 (35) 110 Cash flow hedges: Net unrealized gains/(losses) arising during the period 567 (136) 431 (3,436) 825 (2,611) Reclassification adjustment for realized (gains)/losses included in net income (d) 483 (116) 367 (237) 57 (180) Net change 1,050 (252) 798 (3,673) 882 (2,791) Defined benefit pension and OPEB plans, net change: (71) 16 (55) 90 (23) 67 DVA on fair value option elected liabilities, net change: (274) 66 (208) 859 (213) 646 Total other comprehensive income/(loss) $ 3,597 $ (674) $ 2,923 $ (12,390) $ 2,907 $ (9,483) (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 three months ended March 31, 2023, the Firm reclassified a net pre-tax loss of $(5) million to other revenue related to the acquisition of CIFM of which $(41) million related to the net investment hedge loss. There were no sales or liquidations of legal entities that resulted in reclassifications for the three month period ended March 31, 2022. (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.

Restricted Cash and Other Res_2

Restricted Cash and Other Restricted Assets (Tables)	3 Months Ended
	Mar. 31, 2023
Cash and Cash Equivalents [Abstract]
Components of restricted cash	The following table presents the components of the Firm’s restricted cash: (in billions) March 31, December 31, 2022 Segregated for the benefit of securities and cleared derivative customers $ 13.3 $ 18.7 Cash reserves at non-U.S. central banks and held for other general purposes 8.3 8.1 Total restricted cash (a) $ 21.6 $ 26.8

Regulatory Capital (Tables)

Regulatory Capital (Tables)	3 Months Ended
	Mar. 31, 2023
Banking Regulation [Abstract]
Reconciliation of the Firm's regulatory capital, assets and risk-based capital ratios	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 March 31, 2023 and December 31, 2022. Standardized capital ratio requirements Advanced 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 March 31, 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. 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 March 31, 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. March 31, 2023 Basel III Standardized Basel III Advanced JPMorgan JPMorgan JPMorgan JPMorgan Risk-based capital metrics: (a) CET1 capital $ 227,144 $ 273,551 $ 227,144 $ 273,551 Tier 1 capital 253,837 273,554 253,837 273,554 Total capital 286,398 292,244 273,122 279,218 Risk-weighted assets 1,647,363 1,584,591 1,633,774 1,489,078 CET1 capital ratio 13.8 % 17.3 % 13.9 % 18.4 % Tier 1 capital ratio 15.4 17.3 15.5 18.4 Total capital ratio 17.4 18.4 16.7 18.8 December 31, 2022 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. Three months ended March 31, 2023 December 31, 2022 JPMorgan JPMorgan JPMorgan JPMorgan Leverage-based capital metrics: (a) Adjusted average assets (b) $ 3,656,598 $ 3,180,721 $ 3,703,873 $ 3,249,912 Tier 1 leverage ratio 6.9 % 8.6 % 6.6 % 8.3 % Total leverage exposure $ 4,327,863 $ 3,848,373 $ 4,367,092 $ 3,925,502 SLR 5.9 % 7.1 % 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.

Off-balance Sheet Lending-rel_2

Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments (Tables)	3 Months Ended
	Mar. 31, 2023
Off-Balance Sheet Lending-Related Financial Instruments, Guarantees and Other Commitments [Abstract]
Off-balance sheet lending related financial instruments, guarantees and other commitments	The following table summarizes the contractual amounts and carrying values of off-balance sheet lending-related financial instruments, guarantees and other commitments at March 31, 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) March 31, 2023 Dec 31, Mar 31, Dec 31, By remaining maturity Expires in 1 year or less Expires after Expires after Expires after 5 years Total Total Lending-related Consumer, excluding credit card: Residential real estate (a) $ 7,237 $ 3,863 $ 6,498 $ 5,745 $ 23,343 $ 21,287 $ 70 $ 75 Auto and other 12,310 1 — 1,914 14,225 12,231 — — Total consumer, excluding credit card 19,547 3,864 6,498 7,659 37,568 33,518 70 75 Credit card (b) 861,218 — — — 861,218 821,284 — — Total consumer (c) 880,765 3,864 6,498 7,659 898,786 854,802 70 75 Wholesale: Other unfunded commitments to extend credit (d) 97,803 131,725 202,649 21,647 453,824 440,407 2,282 (h) 2,328 (h) Standby letters of credit and other financial guarantees (d) 13,172 8,279 4,259 1,045 26,755 27,439 427 408 Other letters of credit (d) 3,563 294 103 — 3,960 4,134 9 6 Total wholesale (c) 114,538 140,298 207,011 22,692 484,539 471,980 2,718 2,742 Total lending-related $ 995,303 $ 144,162 $ 213,509 $ 30,351 $ 1,383,325 $ 1,326,782 $ 2,788 $ 2,817 Other guarantees and commitments Securities lending indemnification agreements and guarantees (e) $ 325,217 $ — $ — $ — $ 325,217 $ 283,386 $ — $ — Derivatives qualifying as guarantees 3,189 246 12,302 40,907 56,644 59,180 286 649 Unsettled resale and securities borrowed agreements 137,021 701 — — 137,722 116,975 (1) (2) Unsettled repurchase and securities loaned agreements 98,941 544 — — 99,485 66,407 (2) (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 816 820 29 28 Exchange & clearing house guarantees and commitments (f) 174,476 — — — 174,476 191,068 — — Other guarantees and commitments (g) 7,118 735 159 2,896 10,908 8,634 51 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) At March 31, 2023, and December 31, 2022, reflected the contractual amount net of risk participations totaling $64 million and $71 million, respectively, for other unfunded commitments to extend credit; $8.2 billion at both March 31, 2023, and December 31, 2022, for standby letters of credit and other financial guarantees; $350 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) At March 31, 2023, and December 31, 2022, collateral held by the Firm in support of securities lending indemnification agreements was $340.9 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) At March 31, 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) At March 31, 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) At March 31, 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 represents 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.
Standby letters of credit, other financial guarantees and other letters of credit	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 March 31, 2023, and December 31, 2022. Standby letters of credit, other financial guarantees and other letters of credit March 31, 2023 December 31, 2022 (in millions) Standby letters of Other letters Standby letters of Other letters Investment-grade (a) $ 18,669 $ 2,963 $ 19,205 $ 3,040 Noninvestment-grade (a) 8,086 997 8,234 1,094 Total contractual amount $ 26,755 $ 3,960 $ 27,439 $ 4,134 Allowance for lending-related commitments $ 90 $ 9 $ 82 $ 6 Guarantee liability 337 — 326 — Total carrying value $ 427 $ 9 $ 408 $ 6 Commitments with collateral $ 14,843 $ 719 $ 15,296 $ 795 (a) The ratings scale is based on the Firm’s internal risk ratings. Refer to Note 11 for further information on internal risk ratings.
Derivatives qualifying as guarantees	The following table summarizes the derivatives qualifying as guarantees as of March 31, 2023, and December 31, 2022. (in millions) March 31, 2023 December 31, 2022 Notional amounts Derivative guarantees $ 56,644 $ 59,180 Stable value contracts with contractually limited exposure 31,758 31,820 Maximum exposure of stable value contracts with contractually limited exposure 1,448 2,063 Fair value Derivative payables 286 649

Pledged Assets and Collateral (

Pledged Assets and Collateral (Tables)	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of pledged assets	The following table presents the Firm’s pledged assets. (in billions) March 31, 2023 December 31, 2022 Assets that may be sold or repledged or otherwise used by secured parties $ 142.9 $ 110.8 Assets that may not be sold or repledged or otherwise used by secured parties 143.4 114.8 Assets pledged at Federal Reserve banks and FHLBs 571.3 567.6 Total pledged assets $ 857.6 $ 793.2
Schedule of collateral received	The following table presents the fair value of collateral accepted. (in billions) March 31, 2023 December 31, 2022 Collateral permitted to be sold or repledged, delivered, or otherwise used $ 1,393.1 $ 1,346.9 Collateral sold, repledged, delivered or otherwise used 1,066.3 1,019.4

Business Segments (Tables)

Business Segments (Tables)	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Segment results and reconciliation	The following table provides a summary of the Firm’s segment results as of or for the three months ended March 31, 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. Refer to Line of business equity on page 93 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 Consumer & Corporate & Commercial Banking Asset & Wealth Management 2023 2022 2023 2022 2023 2022 2023 2022 Noninterest revenue $ 3,623 $ 3,855 (b) $ 11,523 $ 10,004 (b) $ 781 $ 867 $ 3,333 $ 3,239 Net interest income 12,833 8,327 2,077 3,572 2,730 1,531 1,451 1,076 Total net revenue 16,456 12,182 13,600 13,576 3,511 2,398 4,784 4,315 Provision for credit losses 1,402 678 58 445 417 157 28 154 Noninterest expense 8,065 7,655 (b) 7,483 7,363 (b) 1,308 1,129 3,091 2,860 Income/(loss) before income tax expense/(benefit) 6,989 3,849 6,059 5,768 1,786 1,112 1,665 1,301 Income tax expense/(benefit) 1,746 941 (b) 1,638 1,396 (b) 439 262 298 293 Net income/(loss) $ 5,243 $ 2,908 $ 4,421 $ 4,372 $ 1,347 $ 850 $ 1,367 $ 1,008 Average equity $ 52,000 $ 50,000 $ 108,000 $ 103,000 $ 28,500 $ 25,000 $ 16,000 $ 17,000 Total assets 506,382 486,183 1,436,237 1,460,463 261,181 235,127 232,516 233,070 ROE 40 % 23 % 16 % 16 % (b) 18 % 13 % 34 % 23 % Overhead ratio 49 63 55 54 37 47 65 66 As of or for the three months Corporate Reconciling Items (a) Total 2023 2022 2023 2022 2023 2022 Noninterest revenue $ (755) $ (345) $ (867) $ (775) $ 17,638 $ 16,845 Net interest income 1,740 (536) (120) (98) 20,711 13,872 Total net revenue 985 (881) (987) (873) 38,349 30,717 Provision for credit losses 370 29 — — 2,275 1,463 Noninterest expense 160 184 — — 20,107 19,191 Income/(loss) before income tax expense/(benefit) 455 (1,094) (987) (873) 15,967 10,063 Income tax expense/(benefit) 211 (238) (987) (873) 3,345 1,781 Net income/(loss) $ 244 $ (856) $ — $ — $ 12,622 $ 8,282 Average equity $ 66,697 $ 57,506 $ — $ — $ 271,197 $ 252,506 Total assets 1,307,989 1,539,844 NA NA 3,744,305 3,954,687 ROE NM NM NM NM 18 % 13 % Overhead ratio NM NM NM NM 52 62 (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.

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease to allowance for credit losses	$ (20,053)	$ (19,726)	$ (17,192)	$ (16,386)
Increase to retained earnings	303,082	292,332	285,899
Retained earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase to retained earnings	$ 306,208	296,456	$ 277,177	$ 272,268
Cumulative effect of change in accounting principles
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease to allowance for credit losses		587
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

Fair Value Measurement - Recurr

Fair Value Measurement - Recurring Basis (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	$ 564,382	$ 639,593
Derivative netting adjustments	(505,108)	(568,713)
Net derivative receivables	59,274	70,880
Trading assets	578,892	453,799
Available-for-sale securities	197,248	205,857
Loans	38,546	42,079
Mortgage servicing rights	7,755	7,973	$ 7,294	$ 5,494
Gross derivative payables	562,085	637,513
Derivative netting adjustments	(517,374)	(586,372)
Net derivative payables	44,711	51,141
Interest rate
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	285,539	300,415
Derivative netting adjustments	(260,511)	(271,996)
Net derivative receivables	25,028	28,419
Gross derivative payables	274,728	290,291
Derivative netting adjustments	(261,428)	(274,321)
Net derivative payables	13,300	15,970
Credit
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	12,047	10,329
Derivative netting adjustments	(11,054)	(9,239)
Net derivative receivables	993	1,090
Gross derivative payables	12,428	9,971
Derivative netting adjustments	(11,576)	(9,217)
Net derivative payables	852	754
Foreign exchange
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	185,680	241,579
Derivative netting adjustments	(166,455)	(218,214)
Net derivative receivables	19,225	23,365
Gross derivative payables	187,622	251,521
Derivative netting adjustments	(174,408)	(232,665)
Net derivative payables	13,214	18,856
Equity
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	61,457	61,913
Derivative netting adjustments	(53,729)	(52,774)
Net derivative receivables	7,728	9,139
Gross derivative payables	66,545	62,461
Derivative netting adjustments	(56,697)	(53,657)
Net derivative payables	9,848	8,804
Commodity
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	19,659	25,357
Derivative netting adjustments	(13,359)	(16,490)
Net derivative receivables	6,300	8,867
Gross derivative payables	20,762	23,269
Derivative netting adjustments	(13,265)	(16,512)
Net derivative payables	7,497	6,757
Total mortgage-backed securities
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	73,723	78,081
Mortgage-backed securities, Commercial - nonagency
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	1,947	1,958
U.S. Treasury, GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	81,639	92,060
Obligations of U.S. states and municipalities
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	13,529	6,786
Non-U.S. government debt securities
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	19,430	19,696
Corporate debt securities
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	364	357
Asset-backed securities
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	8,563
Asset-backed securities, Collateralized loan obligations
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	5,520	5,792
Fair Value Measured at Net Asset Value Per Share
Assets and liabilities measured at fair value on a recurring basis
Trading assets	40	43
Fair value assets and liabilities measured on recurring basis - supplemental data
Alternative investments, net asset value, fair value	976	950
Other assets	936	907
Recurring
Assets and liabilities measured at fair value on a recurring basis
Federal funds sold and securities purchased under resale agreements	309,336	311,883
Securities borrowed	68,514	70,041
Trading assets, debt and equity instruments	519,578	382,876
Derivative netting adjustments	(505,108)	(568,713)
Net derivative receivables	59,274	70,880
Trading assets	578,852	453,756
Available-for-sale securities	197,248	205,857
Loans	38,546	42,079
Mortgage servicing rights	7,755	7,973
Total assets measured at fair value on a recurring basis	1,213,749	1,105,603
Deposits	41,580	28,620
Federal funds purchased and securities loaned or sold under repurchase agreements	192,290	151,999
Short-term borrowings	18,074	15,792
Trading liabilities, Debt and equity instruments	145,153	126,835
Derivative netting adjustments	(517,374)	(586,372)
Net derivative payables	44,711	51,141
Trading liabilities	189,864	177,976
Accounts payable and other liabilities	6,697	7,038
Beneficial interests issued by consolidated VIEs	1	5
Long-term debt	76,185	72,281
Total liabilities measured at fair value on a recurring basis	524,691	453,711
Recurring | Interest rate
Assets and liabilities measured at fair value on a recurring basis
Derivative netting adjustments	(260,511)	(271,996)
Net derivative receivables	25,028	28,419
Derivative netting adjustments	(261,428)	(274,321)
Net derivative payables	13,300	15,970
Recurring | Credit
Assets and liabilities measured at fair value on a recurring basis
Derivative netting adjustments	(11,054)	(9,239)
Net derivative receivables	993	1,090
Derivative netting adjustments	(11,576)	(9,217)
Net derivative payables	852	754
Recurring | Foreign exchange
Assets and liabilities measured at fair value on a recurring basis
Derivative netting adjustments	(166,455)	(218,214)
Net derivative receivables	19,225	23,365
Derivative netting adjustments	(174,408)	(232,665)
Net derivative payables	13,214	18,856
Recurring | Equity
Assets and liabilities measured at fair value on a recurring basis
Derivative netting adjustments	(53,729)	(52,774)
Net derivative receivables	7,728	9,139
Derivative netting adjustments	(56,697)	(53,657)
Net derivative payables	9,848	8,804
Recurring | Commodity
Assets and liabilities measured at fair value on a recurring basis
Derivative netting adjustments	(13,359)	(16,490)
Net derivative receivables	6,300	8,867
Derivative netting adjustments	(13,265)	(16,512)
Net derivative payables	7,497	6,757
Recurring | Other assets
Assets and liabilities measured at fair value on a recurring basis
Other assets	13,498	14,014
Fair value assets and liabilities measured on recurring basis - supplemental data
Other assets	14,434	14,921
Recurring | Total debt instruments
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	345,779	253,188
Recurring | Total mortgage-backed securities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	82,360	72,879
Available-for-sale securities	73,723	78,081
Recurring | Mortgage-backed securities, U.S. GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	78,163	68,921
Available-for-sale securities	67,305	71,503
Recurring | Mortgage-backed securities, Residential - nonagency
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	2,966	2,503
Available-for-sale securities	4,471	4,620
Recurring | Mortgage-backed securities, Commercial - nonagency
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	1,231	1,455
Available-for-sale securities	1,947	1,958
Recurring | U.S. Treasury, GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	119,724	69,737
Available-for-sale securities	81,639	92,060
Recurring | Obligations of U.S. states and municipalities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	6,055	6,615
Available-for-sale securities	13,529	6,786
Recurring | Certificates of deposit, bankers’ acceptances and commercial paper
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	1,556	2,009
Recurring | Non-U.S. government debt securities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	91,145	66,797
Available-for-sale securities	19,430	19,696
Recurring | Corporate debt securities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	32,952	26,089
Available-for-sale securities	364	357
Recurring | Loans
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	9,291	6,503
Recurring | Asset-backed securities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	2,696	2,559
Recurring | Equity securities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	140,454	85,208
Recurring | Physical commodities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	15,959	26,270
Recurring | Other
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	17,386	18,210
Recurring | Asset-backed securities, Collateralized loan obligations
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	5,520	5,792
Recurring | Asset-backed securities, Other
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	3,043	3,085
Recurring | U.S. GSE obligations
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	78,900	73,800
Recurring | Residential mortgage
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	10,200	9,700
Recurring | Commercial mortgage
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	6,400	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
Trading assets, debt and equity instruments	3,600	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
Trading assets, debt and equity instruments	284,894	171,482
Gross derivative receivables	2,865	3,559
Trading assets	287,759	175,041
Available-for-sale securities	92,220	102,654
Loans	0	0
Mortgage servicing rights	0	0
Total assets measured at fair value on a recurring basis	386,219	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	113,813	98,719
Gross derivative payables	4,226	2,803
Trading liabilities	118,039	101,522
Accounts payable and other liabilities	4,403	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	122,442	107,224
Recurring | Level 1 | Interest rate
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	2,702	3,390
Gross derivative payables	4,082	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	163	169
Gross derivative payables	144	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	6,240	7,544
Recurring | Level 1 | Total debt instruments
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	142,148	79,404
Recurring | Level 1 | Total mortgage-backed securities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	0	0
Available-for-sale securities	0	3
Recurring | Level 1 | Mortgage-backed securities, U.S. GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	0	0
Available-for-sale securities	0	3
Recurring | Level 1 | Mortgage-backed securities, Residential - nonagency
Assets and liabilities measured at fair value on a recurring basis
Trading assets, 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
Trading assets, 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
Trading assets, debt and equity instruments	110,866	61,191
Available-for-sale securities	81,639	92,060
Recurring | Level 1 | Obligations of U.S. states and municipalities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, 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
Trading assets, 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
Trading assets, debt and equity instruments	31,282	18,213
Available-for-sale securities	10,581	10,591
Recurring | Level 1 | Corporate debt securities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, 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
Trading assets, debt and equity instruments	0	0
Recurring | Level 1 | Asset-backed securities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	0	0
Recurring | Level 1 | Equity securities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	138,312	82,483
Recurring | Level 1 | Physical commodities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	4,434	9,595
Recurring | Level 1 | Other
Assets and liabilities measured at fair value on a recurring basis
Trading assets, 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	309,336	311,883
Securities borrowed	68,514	70,041
Trading assets, debt and equity instruments	231,545	208,485
Gross derivative receivables	550,787	625,352
Trading assets	782,332	833,837
Available-for-sale securities	104,778	102,964
Loans	37,067	40,661
Mortgage servicing rights	0	0
Total assets measured at fair value on a recurring basis	1,308,879	1,365,451
Deposits	39,372	26,458
Federal funds purchased and securities loaned or sold under repurchase agreements	192,290	151,999
Short-term borrowings	16,664	14,391
Trading liabilities, Debt and equity instruments	31,277	28,032
Gross derivative payables	547,708	624,701
Trading liabilities	578,985	652,733
Accounts payable and other liabilities	2,238	1,283
Beneficial interests issued by consolidated VIEs	1	5
Long-term debt	50,958	48,189
Total liabilities measured at fair value on a recurring basis	880,508	895,058
Recurring | Level 2 | Interest rate
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	278,722	292,956
Gross derivative payables	267,285	284,280
Recurring | Level 2 | Credit
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	11,070	9,722
Gross derivative payables	11,903	9,377
Recurring | Level 2 | Foreign exchange
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	184,299	240,207
Gross derivative payables	186,805	250,647
Recurring | Level 2 | Equity
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	57,478	57,485
Gross derivative payables	61,681	57,649
Recurring | Level 2 | Commodity
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	19,218	24,982
Gross derivative payables	20,034	22,748
Recurring | Level 2 | Other assets
Assets and liabilities measured at fair value on a recurring basis
Other assets	6,852	6,065
Recurring | Level 2 | Total debt instruments
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	201,213	171,606
Recurring | Level 2 | Total mortgage-backed securities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	81,588	72,108
Available-for-sale securities	73,723	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
Trading assets, debt and equity instruments	77,406	68,162
Available-for-sale securities	67,305	71,500
Recurring | Level 2 | Mortgage-backed securities, Residential - nonagency
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	2,961	2,498
Available-for-sale securities	4,471	4,620
Recurring | Level 2 | Mortgage-backed securities, Commercial - nonagency
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	1,221	1,448
Available-for-sale securities	1,947	1,958
Recurring | Level 2 | U.S. Treasury, GSEs and government agencies
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	8,858	8,546
Available-for-sale securities	0	0
Recurring | Level 2 | Obligations of U.S. states and municipalities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	6,049	6,608
Available-for-sale securities	13,529	6,786
Recurring | Level 2 | Certificates of deposit, bankers’ acceptances and commercial paper
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	1,556	2,009
Recurring | Level 2 | Non-U.S. government debt securities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	59,694	48,429
Available-for-sale securities	8,849	9,105
Recurring | Level 2 | Corporate debt securities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	32,414	25,626
Available-for-sale securities	114	118
Recurring | Level 2 | Loans
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	8,365	5,744
Recurring | Level 2 | Asset-backed securities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	2,689	2,536
Recurring | Level 2 | Equity securities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	1,561	2,060
Recurring | Level 2 | Physical commodities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	11,525	16,673
Recurring | Level 2 | Other
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	17,246	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	5,520	5,792
Recurring | Level 2 | Asset-backed securities, Other
Assets and liabilities measured at fair value on a recurring basis
Available-for-sale securities	3,043	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
Trading assets, debt and equity instruments	3,139	2,909
Gross derivative receivables	10,730	10,682
Trading assets	13,869	13,591
Available-for-sale securities	250	239
Loans	1,479	1,418
Mortgage servicing rights	7,755	7,973
Total assets measured at fair value on a recurring basis	23,759	23,626
Deposits	2,208	2,162
Federal funds purchased and securities loaned or sold under repurchase agreements	0	0
Short-term borrowings	1,410	1,401
Trading liabilities, Debt and equity instruments	63	84
Gross derivative payables	10,151	10,009
Trading liabilities	10,214	10,093
Accounts payable and other liabilities	56	53
Beneficial interests issued by consolidated VIEs	0	0
Long-term debt	25,227	24,092
Total liabilities measured at fair value on a recurring basis	39,115	37,801
Recurring | Level 3 | Interest rate
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	4,115	4,069
Gross derivative payables	3,361	3,368
Recurring | Level 3 | Credit
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	977	607
Gross derivative payables	525	594
Recurring | Level 3 | Foreign exchange
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	1,218	1,203
Gross derivative payables	673	714
Recurring | Level 3 | Equity
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	3,979	4,428
Gross derivative payables	4,864	4,812
Recurring | Level 3 | Commodity
Assets and liabilities measured at fair value on a recurring basis
Gross derivative receivables	441	375
Gross derivative payables	728	521
Recurring | Level 3 | Other assets
Assets and liabilities measured at fair value on a recurring basis
Other assets	406	405
Recurring | Level 3 | Total debt instruments
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	2,418	2,178
Recurring | Level 3 | Total mortgage-backed securities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	772	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
Trading assets, debt and equity instruments	757	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
Trading assets, 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
Trading assets, debt and equity instruments	10	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
Trading assets, 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
Trading assets, debt and equity instruments	6	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
Trading assets, 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
Trading assets, debt and equity instruments	169	155
Available-for-sale securities	0	0
Recurring | Level 3 | Corporate debt securities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	538	463
Available-for-sale securities	250	239
Recurring | Level 3 | Loans
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	926	759
Recurring | Level 3 | Asset-backed securities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	7	23
Recurring | Level 3 | Equity securities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	581	665
Recurring | Level 3 | Physical commodities
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	0	2
Recurring | Level 3 | Other
Assets and liabilities measured at fair value on a recurring basis
Trading assets, debt and equity instruments	140	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

Fair Value Measurement - Level

Fair Value Measurement - Level 3 Inputs (Details) $ in Millions	Mar. 31, 2023 USD ($) $ / MMBTU $ / bbl $ / shares	Dec. 31, 2022 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans	$ 38,546	$ 42,079
MSRs	7,755	7,973	$ 7,294	$ 5,494
Equity securities for which quoted prices are not readily available	$ 3,910	4,100	$ 4,131
Assumed par value for price input (in dollars per share) | $ / shares	$ 100
Level 3 | Interest rate volatility | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.0024
Level 3 | Interest rate volatility | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.0633
Level 3 | Interest rate volatility | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.0132
Level 3 | Bermudan switch value | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0
Level 3 | Bermudan switch value | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.52
Level 3 | Bermudan switch value | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.20
Level 3 | Interest rate correlation | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	(0.89)
Level 3 | Interest rate correlation | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.89
Level 3 | Interest rate correlation | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.15
Level 3 | IR-FX correlation | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	(0.35)
Level 3 | IR-FX correlation | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.60
Level 3 | IR-FX correlation | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.06
Level 3 | Credit correlation | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.40
Level 3 | Credit correlation | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.65
Level 3 | Credit correlation | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.49
Level 3 | Equity correlation | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.17
Level 3 | Equity correlation | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	1
Level 3 | Equity correlation | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.58
Level 3 | Equity-FX correlation | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	(0.86)
Level 3 | Equity-FX correlation | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.60
Level 3 | Equity-FX correlation | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	(0.28)
Level 3 | Equity-IR correlation | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.05
Level 3 | Equity-IR correlation | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.35
Level 3 | Equity-IR correlation | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits, measurement inputs	0.19
Level 3 | Residential mortgage-backed securities and loans | Yield | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input	0.04
Level 3 | Residential mortgage-backed securities and loans | Yield | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input	0.30
Level 3 | Residential mortgage-backed securities and loans | Yield | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input	0.07
Level 3 | Residential mortgage-backed securities and loans | Prepayment speed | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input	0.03
Level 3 | Residential mortgage-backed securities and loans | Prepayment speed | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input	0.12
Level 3 | Residential mortgage-backed securities and loans | Prepayment speed | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input	0.09
Level 3 | Residential mortgage-backed securities and loans | Conditional default rate | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input	0
Level 3 | Residential mortgage-backed securities and loans | Conditional default rate | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input	0.05
Level 3 | Residential mortgage-backed securities and loans | Conditional default rate | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input	0
Level 3 | Residential mortgage-backed securities and loans | Loss severity | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input	0
Level 3 | Residential mortgage-backed securities and loans | Loss severity | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input	1.10
Level 3 | Residential mortgage-backed securities and loans | Loss severity | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input	0.03
Level 3 | Commercial mortgage-backed securities and loans | Price | Market comparables | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input | $ / shares	0
Level 3 | Commercial mortgage-backed securities and loans | Price | Market comparables | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input | $ / shares	99
Level 3 | Commercial mortgage-backed securities and loans | Price | Market comparables | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans, measurement input | $ / shares	80
Level 3 | Corporate debt securities | Price | Market comparables | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities, trading, measurement input | $ / shares	0
Level 3 | Corporate debt securities | Price | Market comparables | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities, trading, measurement input | $ / shares	243
Level 3 | Corporate debt securities | Price | Market comparables | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities, trading, measurement input | $ / shares	96
Level 3 | Loans | Price | Market comparables | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans, measurement input | $ / shares	0
Level 3 | Loans | Price | Market comparables | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans, measurement input | $ / shares	356
Level 3 | Loans | Price | Market comparables | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans, measurement input | $ / shares	84
Level 3 | Non-U.S. government debt | Price | Market comparables | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities, trading, measurement input | $ / shares	6
Level 3 | Non-U.S. government debt | Price | Market comparables | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities, trading, measurement input | $ / shares	103
Level 3 | Non-U.S. government debt | Price | Market comparables | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities, trading, measurement input | $ / shares	86
Level 3 | Net interest rate derivatives | Prepayment speed | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0
Level 3 | Net interest rate derivatives | Prepayment speed | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.21
Level 3 | Net interest rate derivatives | Prepayment speed | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.07
Level 3 | Net interest rate derivatives | Interest rate volatility | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.0024
Level 3 | Net interest rate derivatives | Interest rate volatility | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.0633
Level 3 | Net interest rate derivatives | Interest rate volatility | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.0132
Level 3 | Net interest rate derivatives | Interest rate spread volatility | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.0033
Level 3 | Net interest rate derivatives | Interest rate spread volatility | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.0046
Level 3 | Net interest rate derivatives | Interest rate spread volatility | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.0036
Level 3 | Net interest rate derivatives | Bermudan switch value | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0
Level 3 | Net interest rate derivatives | Bermudan switch value | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.52
Level 3 | Net interest rate derivatives | Bermudan switch value | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.20
Level 3 | Net interest rate derivatives | Interest rate correlation | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	(0.89)
Level 3 | Net interest rate derivatives | Interest rate correlation | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.89
Level 3 | Net interest rate derivatives | Interest rate correlation | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.15
Level 3 | Net interest rate derivatives | IR-FX correlation | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	(0.35)
Level 3 | Net interest rate derivatives | IR-FX correlation | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.60
Level 3 | Net interest rate derivatives | IR-FX correlation | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.06
Level 3 | Net credit derivatives | Price | Market comparables | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs | $ / shares	3
Level 3 | Net credit derivatives | Price | Market comparables | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs | $ / shares	115
Level 3 | Net credit derivatives | Price | Market comparables | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs | $ / shares	80
Level 3 | Net credit derivatives | Credit correlation | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.40
Level 3 | Net credit derivatives | Credit correlation | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.65
Level 3 | Net credit derivatives | Credit correlation | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.49
Level 3 | Net credit derivatives | Credit spread | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0
Level 3 | Net credit derivatives | Credit spread | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.9828
Level 3 | Net credit derivatives | Credit spread | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.0370
Level 3 | Net credit derivatives | Recovery rate | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.20
Level 3 | Net credit derivatives | Recovery rate | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.90
Level 3 | Net credit derivatives | Recovery rate | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.41
Level 3 | Net foreign exchange derivatives | Prepayment speed | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.11
Level 3 | Net foreign exchange derivatives | Prepayment speed | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.11
Level 3 | Net foreign exchange derivatives | Prepayment speed | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.11
Level 3 | Net foreign exchange derivatives | IR-FX correlation | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	(0.40)
Level 3 | Net foreign exchange derivatives | IR-FX correlation | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.60
Level 3 | Net foreign exchange derivatives | IR-FX correlation | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.20
Level 3 | Net foreign exchange derivatives | Interest rate curve | Discounted cash flows | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.02
Level 3 | Net foreign exchange derivatives | Interest rate curve | Discounted cash flows | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.18
Level 3 | Net foreign exchange derivatives | Interest rate curve | Discounted cash flows | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.07
Level 3 | Net equity derivatives | Forward equity price | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.78
Level 3 | Net equity derivatives | Forward equity price | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	1.38
Level 3 | Net equity derivatives | Forward equity price | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	1.01
Level 3 | Net equity derivatives | Equity volatility | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.05
Level 3 | Net equity derivatives | Equity volatility | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	1.39
Level 3 | Net equity derivatives | Equity volatility | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.32
Level 3 | Net equity derivatives | Equity correlation | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.17
Level 3 | Net equity derivatives | Equity correlation | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	1
Level 3 | Net equity derivatives | Equity correlation | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.58
Level 3 | Net equity derivatives | Equity-FX correlation | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	(0.86)
Level 3 | Net equity derivatives | Equity-FX correlation | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.60
Level 3 | Net equity derivatives | Equity-FX correlation | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	(0.28)
Level 3 | Net equity derivatives | Equity-IR correlation | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.05
Level 3 | Net equity derivatives | Equity-IR correlation | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.35
Level 3 | Net equity derivatives | Equity-IR correlation | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.19
Level 3 | Net commodity derivatives | Oil commodity forward | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs | $ / bbl	104
Level 3 | Net commodity derivatives | Oil commodity forward | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs | $ / bbl	286
Level 3 | Net commodity derivatives | Oil commodity forward | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs | $ / bbl	195
Level 3 | Net commodity derivatives | Natural gas commodity forward | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs | $ / MMBTU	0
Level 3 | Net commodity derivatives | Natural gas commodity forward | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs | $ / MMBTU	9
Level 3 | Net commodity derivatives | Natural gas commodity forward | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs | $ / MMBTU	5
Level 3 | Net commodity derivatives | Commodity volatility | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.04
Level 3 | Net commodity derivatives | Commodity volatility | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	1.27
Level 3 | Net commodity derivatives | Commodity volatility | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.66
Level 3 | Net commodity derivatives | Commodity correlation | Option pricing | Minimum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	(0.30)
Level 3 | Net commodity derivatives | Commodity correlation | Option pricing | Maximum
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.77
Level 3 | Net commodity derivatives | Commodity correlation | Option pricing | Average
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability), measurement inputs	0.23
Recurring
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans	$ 38,546	42,079
MSRs	7,755	7,973
Long-term debt, short-term borrowings, and deposits	524,691	453,711
Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans	1,479	1,418
MSRs	7,755	7,973
Long-term debt, short-term borrowings, and deposits	39,115	$ 37,801
Other level 3 asset and liabilities, net	1,021
Equity securities for which quoted prices are not readily available	796
Recurring | Level 3 | Discounted cash flows
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
MSRs	7,755
Long-term debt, short-term borrowings, and deposits	1,328
Recurring | Level 3 | Option pricing
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Long-term debt, short-term borrowings, and deposits	27,517
Recurring | Level 3 | Residential mortgage-backed securities and loans | Discounted cash flows
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans	1,695
Recurring | Level 3 | Commercial mortgage-backed securities and loans | Market comparables
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans	432
Recurring | Level 3 | Corporate debt securities | Market comparables
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities, trading	788
Recurring | Level 3 | Loans | Market comparables
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans	1,050
Recurring | Level 3 | Trading loans | Market comparables
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans	854
Recurring | Level 3 | Trading loans | Market comparables | Commercial
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans	72
Recurring | Level 3 | Nontrading loans | Discounted cash flows | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans	958
Recurring | Level 3 | Nontrading loans | Market comparables
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans	196
Recurring | Level 3 | Nontrading loans | Market comparables | Commercial
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans	325
Recurring | Level 3 | Non-U.S. government debt | Market comparables
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities, trading	169
Recurring | Level 3 | Net interest rate derivatives | Discounted cash flows
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability)	(21)
Recurring | Level 3 | Net interest rate derivatives | Option pricing
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability)	775
Recurring | Level 3 | Net credit derivatives | Discounted cash flows
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability)	430
Recurring | Level 3 | Net credit derivatives | Market comparables
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability)	22
Recurring | Level 3 | Net foreign exchange derivatives | Discounted cash flows
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability)	(82)
Recurring | Level 3 | Net foreign exchange derivatives | Option pricing
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability)	627
Recurring | Level 3 | Net equity derivatives | Option pricing
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability)	(885)
Recurring | Level 3 | Net commodity derivatives | Option pricing
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net derivative asset (liability)	(287)
Recurring | Level 3 | Mortgage-backed securities, U.S. GSEs and government agencies | Discounted cash flows | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans	732
Recurring | Level 3 | Mortgage-backed securities, U.S. GSEs and government agencies | Market comparables | Commercial
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans	25
Recurring | Level 3 | Residential mortgage-backed securities | Discounted cash flows | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans	5
Recurring | Level 3 | Commercial | Market comparables | Commercial
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt securities and loans	10
Recurring | Level 3 | Other assets
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Equity securities for which quoted prices are not readily available	$ 215

Fair Value Measurement - Change

Fair Value Measurement - Changes in Level 3 Recurring Measurements (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Net derivative receivables:
Fair value, beginning balance	$ 673	$ (4,894)
Total realized/unrealized gains/(losses)	860	1,797
Purchases	388	810
Sales	(848)	(818)
Settlements	(53)	724
Transfers into level 3	35	(367)
Transfers (out of) level 3	(476)	238
Fair value, ending balance	579	(2,510)
Change in unrealized gains/(losses) related to financial instruments held	$ 1,103	2,157
Level 3 Rollforward Supplemental Data
Level 3 assets as a percentage of total firm assets at fair value	2%		2%
Level 3 liabilities as a percentage of total firm liabilities at fair value	7%		8%
Deposits
Liabilities:
Fair value, beginning balance	$ 2,162	2,317
Total realized/unrealized (gains)/losses	48	(142)
Purchases	0	0
Sales	0	0
Issuances	128	108
Settlements	(67)	(48)
Transfers into level 3	0	0
Transfers (out of) level 3	(63)	(114)
Fair value, ending balance	2,208	2,121
Change in unrealized (gains)/losses related to financials instruments held	48	(143)
Short-term borrowings
Liabilities:
Fair value, beginning balance	1,401	2,481
Total realized/unrealized (gains)/losses	90	(401)
Purchases	0	0
Sales	0	0
Issuances	1,051	1,423
Settlements	(1,132)	(1,347)
Transfers into level 3	0	1
Transfers (out of) level 3	0	(11)
Fair value, ending balance	1,410	2,146
Change in unrealized (gains)/losses related to financials instruments held	20	(153)
Total debt and equity instruments
Liabilities:
Fair value, beginning balance	84	30
Total realized/unrealized (gains)/losses	(12)	(17)
Purchases	(27)	(14)
Sales	8	30
Issuances	0	0
Settlements	0	0
Transfers into level 3	12	14
Transfers (out of) level 3	(2)	(2)
Fair value, ending balance	63	41
Change in unrealized (gains)/losses related to financials instruments held	1	31
Accounts payable and other liabilities
Liabilities:
Fair value, beginning balance	53	69
Total realized/unrealized (gains)/losses	(1)	(4)
Purchases	0	0
Sales	4	42
Issuances	0	0
Settlements	0	0
Transfers into level 3	0	1
Transfers (out of) level 3	0	0
Fair value, ending balance	56	108
Change in unrealized (gains)/losses related to financials instruments held	(1)	(4)
Long-term debt
Liabilities:
Fair value, beginning balance	24,092	24,374
Total realized/unrealized (gains)/losses	1,356	(1,668)
Purchases	0	0
Sales	0	0
Issuances	2,733	4,050
Settlements	(2,975)	(2,476)
Transfers into level 3	91	263
Transfers (out of) level 3	(70)	(149)
Fair value, ending balance	25,227	24,394
Change in unrealized (gains)/losses related to financials instruments held	1,447	(1,575)
DVA for fair value option elected liabilities
Level 3 Rollforward Supplemental Data
Unrealized (gains)/losses on liabilities recorded in OCI	(20)	(229)
Interest rate
Net derivative receivables:
Fair value, beginning balance	701	(16)
Total realized/unrealized gains/(losses)	346	233
Purchases	35	126
Sales	(50)	(94)
Settlements	(22)	151
Transfers into level 3	(165)	(27)
Transfers (out of) level 3	(91)	(6)
Fair value, ending balance	754	367
Change in unrealized gains/(losses) related to financial instruments held	461	422
Credit
Net derivative receivables:
Fair value, beginning balance	13	74
Total realized/unrealized gains/(losses)	246	67
Purchases	3	4
Sales	(3)	(4)
Settlements	171	(96)
Transfers into level 3	24	(3)
Transfers (out of) level 3	(2)	2
Fair value, ending balance	452	44
Change in unrealized gains/(losses) related to financial instruments held	239	66
Foreign exchange
Net derivative receivables:
Fair value, beginning balance	489	(419)
Total realized/unrealized gains/(losses)	89	345
Purchases	28	132
Sales	(41)	(24)
Settlements	(75)	70
Transfers into level 3	64	(6)
Transfers (out of) level 3	(9)	(22)
Fair value, ending balance	545	76
Change in unrealized gains/(losses) related to financial instruments held	126	364
Equity
Net derivative receivables:
Fair value, beginning balance	(384)	(3,626)
Total realized/unrealized gains/(losses)	171	730
Purchases	318	498
Sales	(687)	(559)
Settlements	0	443
Transfers into level 3	111	(331)
Transfers (out of) level 3	(414)	262
Fair value, ending balance	(885)	(2,583)
Change in unrealized gains/(losses) related to financial instruments held	308	838
Commodity
Net derivative receivables:
Fair value, beginning balance	(146)	(907)
Total realized/unrealized gains/(losses)	8	422
Purchases	4	50
Sales	(67)	(137)
Settlements	(127)	156
Transfers into level 3	1	0
Transfers (out of) level 3	40	2
Fair value, ending balance	(287)	(414)
Change in unrealized gains/(losses) related to financial instruments held	(31)	467
Federal funds sold and securities purchased under resale agreements
Assets:
Fair value, beginning balance	0	0
Total realized/unrealized gains/(losses)	0	0
Purchases	0	0
Sales	0	0
Settlements	0	0
Transfers into level 3	0	0
Transfers (out of) level 3	0	0
Fair value, ending balance	0	0
Change in unrealized gains/(losses) related to financial instruments held	0	0
Total mortgage-backed securities
Assets:
Fair value, beginning balance	771	303
Total realized/unrealized gains/(losses)	9	27
Purchases	25	22
Sales	(7)	(7)
Settlements	(27)	(32)
Transfers into level 3	4	0
Transfers (out of) level 3	(3)	(7)
Fair value, ending balance	772	306
Change in unrealized gains/(losses) related to financial instruments held	9	26
Mortgage-backed securities, U.S. GSEs and government agencies
Assets:
Fair value, beginning balance	759	265
Total realized/unrealized gains/(losses)	7	27
Purchases	25	22
Sales	(7)	(7)
Settlements	(24)	(21)
Transfers into level 3	0	0
Transfers (out of) level 3	(3)	0
Fair value, ending balance	757	286
Change in unrealized gains/(losses) related to financial instruments held	7	26
Mortgage-backed securities, Residential - nonagency
Assets:
Fair value, beginning balance	5	28
Total realized/unrealized gains/(losses)	1	0
Purchases	0	0
Sales	0	0
Settlements	(2)	(11)
Transfers into level 3	1	0
Transfers (out of) level 3	0	(7)
Fair value, ending balance	5	10
Change in unrealized gains/(losses) related to financial instruments held	1	0
Mortgage-backed securities, Commercial - nonagency
Assets:
Fair value, beginning balance	7	10
Total realized/unrealized gains/(losses)	1	0
Purchases	0	0
Sales	0	0
Settlements	(1)	0
Transfers into level 3	3	0
Transfers (out of) level 3	0	0
Fair value, ending balance	10	10
Change in unrealized gains/(losses) related to financial instruments held	1	0
Total debt and equity instruments
Assets:
Fair value, beginning balance	2,909	2,279
Total realized/unrealized gains/(losses)	0	(841)
Purchases	713	852
Sales	(207)	(584)
Settlements	(123)	(81)
Transfers into level 3	88	1,206
Transfers (out of) level 3	(241)	(177)
Fair value, ending balance	3,139	2,654
Change in unrealized gains/(losses) related to financial instruments held	49	(775)
Total debt instruments
Assets:
Fair value, beginning balance	2,178	1,457
Total realized/unrealized gains/(losses)	52	(29)
Purchases	561	609
Sales	(136)	(344)
Settlements	(123)	(76)
Transfers into level 3	51	353
Transfers (out of) level 3	(165)	(154)
Fair value, ending balance	2,418	1,816
Change in unrealized gains/(losses) related to financial instruments held	50	(31)
Obligations of U.S. states and municipalities
Assets:
Fair value, beginning balance	7	7
Total realized/unrealized gains/(losses)	0	0
Purchases	0	0
Sales	(1)	0
Settlements	0	0
Transfers into level 3	0	0
Transfers (out of) level 3	0	0
Fair value, ending balance	6	7
Change in unrealized gains/(losses) related to financial instruments held	0	0
Non-U.S. government debt securities
Assets:
Fair value, beginning balance	155	81
Total realized/unrealized gains/(losses)	11	(33)
Purchases	50	228
Sales	(47)	(180)
Settlements	0	0
Transfers into level 3	0	37
Transfers (out of) level 3	0	0
Fair value, ending balance	169	133
Change in unrealized gains/(losses) related to financial instruments held	13	(33)
Corporate debt securities
Assets:
Fair value, beginning balance	463	332
Total realized/unrealized gains/(losses)	24	(19)
Purchases	49	61
Sales	(17)	(59)
Settlements	0	(37)
Transfers into level 3	23	41
Transfers (out of) level 3	(4)	(26)
Fair value, ending balance	538	293
Change in unrealized gains/(losses) related to financial instruments held	20	(20)
Loans
Assets:
Fair value, beginning balance	759	708
Total realized/unrealized gains/(losses)	8	(4)
Purchases	436	297
Sales	(62)	(98)
Settlements	(95)	(7)
Transfers into level 3	23	271
Transfers (out of) level 3	(143)	(118)
Fair value, ending balance	926	1,049
Change in unrealized gains/(losses) related to financial instruments held	8	(4)
Asset-backed securities
Assets:
Fair value, beginning balance	23	26
Total realized/unrealized gains/(losses)	0	0
Purchases	1	1
Sales	(2)	0
Settlements	(1)	0
Transfers into level 3	1	4
Transfers (out of) level 3	(15)	(3)
Fair value, ending balance	7	28
Change in unrealized gains/(losses) related to financial instruments held	0	0
Equity securities
Assets:
Fair value, beginning balance	665	662
Total realized/unrealized gains/(losses)	(31)	(813)
Purchases	58	223
Sales	(71)	(240)
Settlements	0	0
Transfers into level 3	36	853
Transfers (out of) level 3	(76)	(22)
Fair value, ending balance	581	663
Change in unrealized gains/(losses) related to financial instruments held	(2)	(760)
Physical commodities
Assets:
Fair value, beginning balance	2	0
Total realized/unrealized gains/(losses)	0	0
Purchases	0	0
Sales	0	0
Settlements	(2)	0
Transfers into level 3	0	0
Transfers (out of) level 3	0	0
Fair value, ending balance	0	0
Change in unrealized gains/(losses) related to financial instruments held	0	0
Other
Assets:
Fair value, beginning balance	64	160
Total realized/unrealized gains/(losses)	(21)	1
Purchases	94	20
Sales	0	0
Settlements	2	(5)
Transfers into level 3	1	0
Transfers (out of) level 3	0	(1)
Fair value, ending balance	140	175
Change in unrealized gains/(losses) related to financial instruments held	1	16
Total available-for-sale securities
Assets:
Fair value, beginning balance	239	161
Total realized/unrealized gains/(losses)	11	27
Purchases	0	17
Sales	0	0
Settlements	0	0
Transfers into level 3	0	0
Transfers (out of) level 3	0	0
Fair value, ending balance	250	205
Change in unrealized gains/(losses) related to financial instruments held	11	27
Corporate debt securities
Assets:
Fair value, beginning balance	239	161
Total realized/unrealized gains/(losses)	11	27
Purchases	0	17
Sales	0	0
Settlements	0	0
Transfers into level 3	0	0
Transfers (out of) level 3	0	0
Fair value, ending balance	250	205
Change in unrealized gains/(losses) related to financial instruments held	11	27
Loans
Assets:
Fair value, beginning balance	1,418	1,933
Total realized/unrealized gains/(losses)	26	98
Purchases	148	121
Sales	(66)	(5)
Settlements	(95)	(281)
Transfers into level 3	157	390
Transfers (out of) level 3	(109)	(184)
Fair value, ending balance	1,479	2,072
Change in unrealized gains/(losses) related to financial instruments held	16	156
Mortgage servicing rights
Assets:
Fair value, beginning balance	7,973	5,494
Total realized/unrealized gains/(losses)	(11)	959
Purchases	31	1,130
Sales	2	(57)
Settlements	(240)	(232)
Transfers into level 3	0	0
Transfers (out of) level 3	0	0
Fair value, ending balance	7,755	7,294
Change in unrealized gains/(losses) related to financial instruments held	(11)	959
Other assets
Assets:
Fair value, beginning balance	405	306
Total realized/unrealized gains/(losses)	5	9
Purchases	12	41
Sales	0	0
Settlements	(16)	(17)
Transfers into level 3	0	2
Transfers (out of) level 3	0	0
Fair value, ending balance	406	341
Change in unrealized gains/(losses) related to financial instruments held	$ 5	$ 9

Fair Value Measurement - Leve_2

Fair Value Measurement - Level 3 Analysis (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Derivative receivables | Equity
Level 3 Analysis - Supplemental Data [Abstract]
Transfers from level 3 into level 2, assets	$ 953
Total debt and equity instruments
Level 3 Analysis - Supplemental Data [Abstract]
Transfers from level 3 into level 2, assets	241	$ 177
Transfers from level 2 into level 3, assets	88	1,206
Realized/unrealized gains, assets	0	(841)
Equity securities
Level 3 Analysis - Supplemental Data [Abstract]
Transfers from level 3 into level 2, assets	76	22
Transfers from level 2 into level 3, assets	36	853
Realized/unrealized gains, assets	(31)	(813)
Recurring
Level 3 Analysis - Supplemental Data [Abstract]
Assets fair value	1,213,749		$ 1,105,603
Recurring | Total debt and equity instruments
Level 3 Analysis - Supplemental Data [Abstract]
Transfers from level 2 into level 3, assets		1,200
Recurring | Equity securities
Level 3 Analysis - Supplemental Data [Abstract]
Transfers from level 2 into level 3, assets		853
Recurring | Level 3
Level 3 Analysis - Supplemental Data [Abstract]
Assets fair value	23,759		$ 23,626
Realized/unrealized gains, assets	891	2,000
Realized/unrealized gains (losses), liabilities	$ (1,500)	$ 2,200

Fair Value Measurement - Impact

Fair Value Measurement - Impact of Credit Adjustments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Credit and funding adjustments:
Derivatives CVA	$ 55	$ (312)
Derivatives FVA	$ (8)	$ (58)

Fair Value Measurement - Nonrec

Fair Value Measurement - Nonrecurring Basis (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 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	$ 3,910	$ 4,131	$ 4,100
Net (losses) as a result of measurement alternative	(96)	(11)
Net gains as a result of measurement alternative	$ 35	387
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	13%
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	48%
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%
Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a nonrecurring basis	$ 1,743	2,108
Total liabilities measured at fair value on a nonrecurring basis	3	28
Total nonrecurring fair value gains/(losses)	(105)	318
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	3	28
Total nonrecurring fair value gains/(losses)	(3)	(24)
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	1,542	1,291
Total nonrecurring fair value gains/(losses)	(37)	(18)
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	201	817
Total nonrecurring fair value gains/(losses)	(65)	360
Net (losses) as a result of measurement alternative	(61)
Net gains as a result of measurement alternative		376
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
Total liabilities measured at fair value on a nonrecurring basis	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
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
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
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	731	889
Total liabilities measured at fair value on a nonrecurring basis	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
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	709	874
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	22	15
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	1,012	1,219
Total liabilities measured at fair value on a nonrecurring basis	3	28
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	3	28
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	833	417
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	14
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	179	$ 802
Equity securities adjusted based on the measurement alternative	$ 158

Fair Value Measurement - Equity

Fair Value Measurement - Equity Securities Without Readily Determinable Fair Value (Details) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($) shares	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)
Fair Value Disclosures [Abstract]
Carrying value	$ 3,910	$ 4,131	$ 4,100
Upward carrying value changes	35	387
Downward carrying value changes/impairment	(96)	$ (11)
Cumulative upward carrying value changes	1,500
Cumulative downward carrying value changes/impairment	$ (1,000)
Common stock | Class B | VISA
Investment Holdings [Line Items]
Interest owned in equity securities without readily determinable fair value (in shares) | shares	37
Conversion rate	1.5991
Interest sold in equity securities without readily determinable fair value, subject to derivative instrument (in shares) | shares	23

Fair Value Measurement - Carryi

Fair Value Measurement - Carrying Value and Estimated Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Financial assets
Cash and due from banks	$ 25,098	$ 27,697
Deposits with banks	520,902	539,537
Federal funds sold and securities purchased under resale agreements	317,111	315,592
Investment securities, held-to-maturity	381,990	388,648
Loans, net of allowance for loan losses	38,546	42,079
Financial liabilities
Beneficial interests issued by consolidated VIEs	14,903	12,610
Carrying value
Financial assets
Cash and due from banks	25,100	27,700
Deposits with banks	520,900	539,500
Accrued interest and accounts receivable	114,800	124,700
Federal funds sold and securities purchased under resale agreements	7,800	3,700
Securities borrowed	127,400	115,300
Investment securities, held-to-maturity	412,800	425,300
Loans, net of allowance for loan losses	1,070,300	1,073,900
Other	102,400	101,200
Financial liabilities
Deposits	2,335,700	2,311,600
Federal funds purchased and securities loaned or sold under repurchase agreements	54,100	50,600
Short-term borrowings	24,200	28,200
Accounts payable and other liabilities	238,500	257,500
Beneficial interests issued by consolidated VIEs	14,900	12,600
Long-term debt	219,300	223,600
Wholesale lending-related commitments	2,300	2,300
Total estimated fair value
Financial assets
Cash and due from banks	25,100	27,700
Deposits with banks	520,900	539,500
Accrued interest and accounts receivable	114,800	124,700
Federal funds sold and securities purchased under resale agreements	7,800	3,700
Securities borrowed	127,400	115,300
Investment securities, held-to-maturity	382,000	388,600
Loans, net of allowance for loan losses	1,050,100	1,047,900
Other	102,500	101,300
Financial liabilities
Deposits	2,335,900	2,311,500
Federal funds purchased and securities loaned or sold under repurchase agreements	54,100	50,600
Short-term borrowings	24,200	28,200
Accounts payable and other liabilities	237,900	256,800
Beneficial interests issued by consolidated VIEs	14,900	12,600
Long-term debt	217,100	219,300
Wholesale lending-related commitments	3,200	3,200
Total estimated fair value | Level 1
Financial assets
Cash and due from banks	25,100	27,700
Deposits with banks	520,400	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	187,200	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	500	200
Accrued interest and accounts receivable	114,700	124,600
Federal funds sold and securities purchased under resale agreements	7,800	3,700
Securities borrowed	127,400	115,300
Investment securities, held-to-maturity	194,800	199,500
Loans, net of allowance for loan losses	198,900	194,000
Other	100,800	99,600
Financial liabilities
Deposits	2,335,900	2,311,500
Federal funds purchased and securities loaned or sold under repurchase agreements	54,100	50,600
Short-term borrowings	24,200	28,200
Accounts payable and other liabilities	232,300	251,200
Beneficial interests issued by consolidated VIEs	14,900	12,600
Long-term debt	214,300	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	851,200	853,900
Other	1,700	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	5,600	5,600
Beneficial interests issued by consolidated VIEs	0	0
Long-term debt	2,800	2,800
Wholesale lending-related commitments	$ 3,200	$ 3,200

Fair Value Option - Changes in

Fair Value Option - Changes in Fair Value Under the Fair Value Option (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Federal funds sold and securities purchased under resale agreements
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	$ 202	$ (230)
Federal funds sold and securities purchased under resale agreements | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	202	(230)
Federal funds sold and securities purchased under resale agreements | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Securities borrowed
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	88	(198)
Securities borrowed | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	88	(198)
Securities borrowed | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Debt and equity instruments, excluding loans
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	1,595	344
Debt and equity instruments, excluding loans | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	1,595	344
Debt and equity instruments, excluding loans | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Loans reported as trading assets: Changes in instrument-specific credit risk
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	131	(6)
Loans reported as trading assets: Changes in instrument-specific credit risk | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	131	(6)
Loans reported as trading assets: Changes in instrument-specific credit risk | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Loans reported as trading assets: Other changes in fair value
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	3	(11)
Loans reported as trading assets: Other changes in fair value | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	3	(11)
Loans reported as trading assets: Other changes in fair value | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Loans: Changes in instrument-specific credit risk
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	66	18
Loans: Changes in instrument-specific credit risk | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	65	6
Loans: Changes in instrument-specific credit risk | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	1	12
Loans: Other changes in fair value
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	305	(1,233)
Loans: Other changes in fair value | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	195	(719)
Loans: Other changes in fair value | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	110	(514)
Other assets
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	30	8
Other assets | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	30	11
Other assets | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	(3)
Deposits
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	(473)	402
Deposits | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	(473)	402
Deposits | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Federal funds purchased and securities loaned or sold under repurchase agreements
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	(61)	82
Federal funds purchased and securities loaned or sold under repurchase agreements | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	(61)	82
Federal funds purchased and securities loaned or sold under repurchase agreements | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Short-term borrowings
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	(159)	302
Short-term borrowings | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	(159)	302
Short-term borrowings | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Trading liabilities
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	(15)	(66)
Trading liabilities | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	(15)	(66)
Trading liabilities | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Beneficial interests issued by consolidated VIEs
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	(1)
Beneficial interests issued by consolidated VIEs | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	(1)
Beneficial interests issued by consolidated VIEs | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Other liabilities
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	3
Other liabilities | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	3
Other liabilities | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	0	0
Long-term debt
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	(2,824)	3,979
Long-term debt | Principal transactions
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	(2,798)	3,960
Long-term debt | All other income
Changes in fair value under the fair value option election
Total nonrecurring fair value gains/(losses)	$ (26)	$ 19

Fair Value Option - Aggregate D

Fair Value Option - Aggregate Differences (Details) - USD ($)	Mar. 31, 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	9,400,000,000	7,600,000,000
Contractual lending-related commitments, fair value	12,000,000	24,000,000
Contractual principal outstanding
Loans
Nonaccrual loans	3,371,000,000	3,484,000,000
All other performing loans	49,277,000,000	50,411,000,000
Total loans	52,754,000,000	54,019,000,000
Contractual principal outstanding | Principal-protected debt
Long-term debt
Total long-term debt	44,223,000,000	41,341,000,000
Contractual principal outstanding | Loans reported as trading assets
Loans
Nonaccrual loans	2,437,000,000	2,517,000,000
All other performing loans	10,761,000,000	7,823,000,000
Contractual principal outstanding | Loans
Loans
Nonaccrual loans	934,000,000	967,000,000
90 or more days past due and government guaranteed	106,000,000	124,000,000
All other performing loans	38,516,000,000	42,588,000,000
Fair value
Loans
Nonaccrual loans	1,153,000,000	1,197,000,000
All other performing loans	46,585,000,000	47,270,000,000
Total loans	47,837,000,000	48,582,000,000
Long-term debt
Total long-term debt	76,185,000,000	72,281,000,000
Long-term beneficial interests
Total long-term beneficial interests	1,000,000	5,000,000
Fair value | Principal-protected debt
Long-term debt
Total long-term debt	33,595,000,000	31,105,000,000
Fair value | Nonprincipal-protected debt
Long-term debt
Total long-term debt	42,590,000,000	41,176,000,000
Long-term beneficial interests
Total long-term beneficial interests	1,000,000	5,000,000
Fair value | Loans reported as trading assets
Loans
Nonaccrual loans	365,000,000	368,000,000
All other performing loans	8,926,000,000	6,135,000,000
Fair value | Loans
Loans
Nonaccrual loans	788,000,000	829,000,000
90 or more days past due and government guaranteed	99,000,000	115,000,000
All other performing loans	37,659,000,000	41,135,000,000
Fair value over/(under) contractual principal outstanding
Loans
Nonaccrual loans, Fair value over/(under) contractual principal outstanding	(2,218,000,000)	(2,287,000,000)
All other performing loans	(2,692,000,000)	(3,141,000,000)
Total loans	(4,917,000,000)	(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	(10,628,000,000)	(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	(2,072,000,000)	(2,149,000,000)
All other performing loans	(1,835,000,000)	(1,688,000,000)
Fair value over/(under) contractual principal outstanding | Loans
Loans
Nonaccrual loans, Fair value over/(under) contractual principal outstanding	(146,000,000)	(138,000,000)
90 or more days past due and government guaranteed, Fair value over/(under) contractual principal outstanding	(7,000,000)	(9,000,000)
All other performing loans	$ (857,000,000)	$ (1,453,000,000)

Fair Value Option - Structured

Fair Value Option - Structured Note Products by Balance Sheet Classification and Risk Component (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	$ 122,665	$ 105,029
Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	72,113	56,888
Credit
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	4,468	4,275
Foreign exchange
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	3,946	3,512
Equity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	40,353	38,681
Commodity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	1,785	1,673
Long-term debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	75,270	71,271
Long-term debt | Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	34,608	31,973
Long-term debt | Credit
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	4,227	4,105
Long-term debt | Foreign exchange
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	2,742	2,674
Long-term debt | Equity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	31,936	30,864
Long-term debt | Commodity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	1,757	1,655
Short-term borrowings
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	6,649	5,506
Short-term borrowings | Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	292	260
Short-term borrowings | Credit
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	241	170
Short-term borrowings | Foreign exchange
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	1,079	788
Short-term borrowings | Equity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	5,011	4,272
Short-term borrowings | Commodity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	26	16
Deposits
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	40,746	28,252
Deposits | Interest rate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	37,213	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	125	50
Deposits | Equity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	3,406	3,545
Deposits | Commodity
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total structured notes	2	2
Excluded amount of deposits linked to precious metals for which fair value option was not elected	$ 613	$ 602

Derivative Instruments - Notion

Derivative Instruments - Notional Amount of Derivative Contracts (Details) - USD ($) $ in Billions	Mar. 31, 2023	Dec. 31, 2022
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	$ 60,022	$ 49,476
Interest rate contracts
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	41,199	33,166
Swaps
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	30,520	24,491
Futures and forwards
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	3,861	2,636
Options | Written options
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	3,387	3,047
Options | Purchased options
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	3,431	2,992
Credit derivatives
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	1,506	1,132
Foreign exchange contracts
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	14,556	12,747
Cross-currency swaps
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	4,377	4,196
Spot, futures and forwards
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	8,465	7,017
Options | Written options
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	867	775
Options | Purchased options
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	847	759
Equity contracts
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	2,227	1,944
Swaps
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	674	618
Futures and forwards
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	107	110
Options | Written options
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	748	636
Options | Purchased options
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	698	580
Commodity contracts
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	534	487
Swaps
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	137	136
Spot, futures and forwards
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	145	136
Options | Written options
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	142	117
Options | Purchased options
Notional amount of derivative contracts outstanding [Abstract]
Derivative notional amounts	$ 110	$ 98

Derivative Instruments - Impact

Derivative Instruments - Impact on Balance Sheet (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Gross derivative receivables	$ 564,382	$ 639,593
Net derivative receivables	59,274	70,880
Gross derivative payables	562,085	637,513
Net derivative payables	44,711	51,141
Interest rate
Derivatives, Fair Value [Line Items]
Gross derivative receivables	285,539	300,415
Net derivative receivables	25,028	28,419
Gross derivative payables	274,728	290,291
Net derivative payables	13,300	15,970
Credit
Derivatives, Fair Value [Line Items]
Gross derivative receivables	12,047	10,329
Net derivative receivables	993	1,090
Gross derivative payables	12,428	9,971
Net derivative payables	852	754
Foreign exchange
Derivatives, Fair Value [Line Items]
Gross derivative receivables	185,680	241,579
Net derivative receivables	19,225	23,365
Gross derivative payables	187,622	251,521
Net derivative payables	13,214	18,856
Equity
Derivatives, Fair Value [Line Items]
Gross derivative receivables	61,457	61,913
Net derivative receivables	7,728	9,139
Gross derivative payables	66,545	62,461
Net derivative payables	9,848	8,804
Commodity
Derivatives, Fair Value [Line Items]
Gross derivative receivables	19,659	25,357
Net derivative receivables	6,300	8,867
Gross derivative payables	20,762	23,269
Net derivative payables	7,497	6,757
Not designated as hedges
Derivatives, Fair Value [Line Items]
Gross derivative receivables	562,601	636,251
Gross derivative payables	559,458	632,392
Not designated as hedges | Interest rate
Derivatives, Fair Value [Line Items]
Gross derivative receivables	285,532	300,411
Gross derivative payables	274,728	290,291
Not designated as hedges | Credit
Derivatives, Fair Value [Line Items]
Gross derivative receivables	12,047	10,329
Gross derivative payables	12,428	9,971
Not designated as hedges | Foreign exchange
Derivatives, Fair Value [Line Items]
Gross derivative receivables	184,941	239,946
Gross derivative payables	186,365	248,911
Not designated as hedges | Equity
Derivatives, Fair Value [Line Items]
Gross derivative receivables	61,457	61,913
Gross derivative payables	66,545	62,461
Not designated as hedges | Commodity
Derivatives, Fair Value [Line Items]
Gross derivative receivables	18,624	23,652
Gross derivative payables	19,392	20,758
Designated as hedges
Derivatives, Fair Value [Line Items]
Gross derivative receivables	1,781	3,342
Gross derivative payables	2,627	5,121
Designated as hedges | Interest rate
Derivatives, Fair Value [Line Items]
Gross derivative receivables	7	4
Gross derivative payables	0	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	739	1,633
Gross derivative payables	1,257	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	1,035	1,705
Gross derivative payables	$ 1,370	$ 2,511

Derivative Instruments - Deriva

Derivative Instruments - Derivatives Netting (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	$ 555,280	$ 630,361
Amounts netted on the Consolidated balance sheets	(505,108)	(568,713)
Net derivative receivables	50,172	61,648
Derivative receivables where an appropriate legal opinion has not been either sought or obtained	9,102	9,232
Total derivative receivables recognized on the Consolidated balance sheets, Gross derivative receivables	564,382	639,593
Total derivative receivables recognized on the Consolidated balance sheets, Net derivative receivables	59,274	70,880
Collateral not nettable on the Consolidated balance sheets	(20,923)	(23,014)
Net amounts	38,351	47,866
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	551,200	624,756
Amounts netted on the Consolidated balance sheets	(517,374)	(586,372)
Net derivative payables	33,826	38,384
Derivative payables where an appropriate legal opinion has not been either sought or obtained	10,885	12,757
Total derivative payables recognized on the Consolidated balance sheets, Gross derivative payables	562,085	637,513
Total derivative payables recognized on the Consolidated balance sheets, Net derivative payables	44,711	51,141
Collateral not nettable on the Consolidated balance sheets	(4,437)	(3,318)
Net amounts	40,274	47,823
Net cash collateral receivables	47,800	51,500
Net cash collateral payables	60,100	69,200
Interest rate contracts
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	283,442	298,281
Amounts netted on the Consolidated balance sheets	(260,511)	(271,996)
Net derivative receivables	22,931	26,285
Total derivative receivables recognized on the Consolidated balance sheets, Gross derivative receivables	285,539	300,415
Total derivative receivables recognized on the Consolidated balance sheets, Net derivative receivables	25,028	28,419
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	272,589	287,852
Amounts netted on the Consolidated balance sheets	(261,428)	(274,321)
Net derivative payables	11,161	13,531
Total derivative payables recognized on the Consolidated balance sheets, Gross derivative payables	274,728	290,291
Total derivative payables recognized on the Consolidated balance sheets, Net derivative payables	13,300	15,970
Interest rate contracts | Over-the-counter (“OTC”)
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	191,898	203,922
Amounts netted on the Consolidated balance sheets	(169,448)	(178,261)
Net derivative receivables	22,450	25,661
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	177,549	190,108
Amounts netted on the Consolidated balance sheets	(166,800)	(176,890)
Net derivative payables	10,749	13,218
Interest rate contracts | OTC–cleared
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	90,955	93,800
Amounts netted on the Consolidated balance sheets	(90,616)	(93,424)
Net derivative receivables	339	376
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	94,500	97,417
Amounts netted on the Consolidated balance sheets	(94,182)	(97,126)
Net derivative payables	318	291
Interest rate contracts | Exchange-traded
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	589	559
Amounts netted on the Consolidated balance sheets	(447)	(311)
Net derivative receivables	142	248
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	540	327
Amounts netted on the Consolidated balance sheets	(446)	(305)
Net derivative payables	94	22
Net credit derivatives
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	11,949	10,220
Amounts netted on the Consolidated balance sheets	(11,054)	(9,239)
Net derivative receivables	895	981
Total derivative receivables recognized on the Consolidated balance sheets, Gross derivative receivables	12,047	10,329
Total derivative receivables recognized on the Consolidated balance sheets, Net derivative receivables	993	1,090
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	12,177	9,728
Amounts netted on the Consolidated balance sheets	(11,576)	(9,217)
Net derivative payables	601	511
Total derivative payables recognized on the Consolidated balance sheets, Gross derivative payables	12,428	9,971
Total derivative payables recognized on the Consolidated balance sheets, Net derivative payables	852	754
Net credit derivatives | Over-the-counter (“OTC”)
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	8,564	8,474
Amounts netted on the Consolidated balance sheets	(7,792)	(7,535)
Net derivative receivables	772	939
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	9,096	8,054
Amounts netted on the Consolidated balance sheets	(8,550)	(7,572)
Net derivative payables	546	482
Net credit derivatives | OTC–cleared
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	3,385	1,746
Amounts netted on the Consolidated balance sheets	(3,262)	(1,704)
Net derivative receivables	123	42
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	3,081	1,674
Amounts netted on the Consolidated balance sheets	(3,026)	(1,645)
Net derivative payables	55	29
Foreign exchange contracts
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	183,748	239,417
Amounts netted on the Consolidated balance sheets	(166,455)	(218,214)
Net derivative receivables	17,293	21,203
Total derivative receivables recognized on the Consolidated balance sheets, Gross derivative receivables	185,680	241,579
Total derivative receivables recognized on the Consolidated balance sheets, Net derivative receivables	19,225	23,365
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	185,542	247,965
Amounts netted on the Consolidated balance sheets	(174,408)	(232,665)
Net derivative payables	11,134	15,300
Total derivative payables recognized on the Consolidated balance sheets, Gross derivative payables	187,622	251,521
Total derivative payables recognized on the Consolidated balance sheets, Net derivative payables	13,214	18,856
Foreign exchange contracts | Over-the-counter (“OTC”)
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	183,060	237,941
Amounts netted on the Consolidated balance sheets	(165,794)	(216,796)
Net derivative receivables	17,266	21,145
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	184,746	246,457
Amounts netted on the Consolidated balance sheets	(173,744)	(231,248)
Net derivative payables	11,002	15,209
Foreign exchange contracts | OTC–cleared
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	662	1,461
Amounts netted on the Consolidated balance sheets	(658)	(1,417)
Net derivative receivables	4	44
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	765	1,488
Amounts netted on the Consolidated balance sheets	(664)	(1,417)
Net derivative payables	101	71
Foreign exchange contracts | Exchange-traded
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	26	15
Amounts netted on the Consolidated balance sheets	(3)	(1)
Net derivative receivables	23	14
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	31	20
Amounts netted on the Consolidated balance sheets	0	0
Net derivative payables	31	20
Equity contracts
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	58,312	58,790
Amounts netted on the Consolidated balance sheets	(53,729)	(52,774)
Net derivative receivables	4,583	6,016
Total derivative receivables recognized on the Consolidated balance sheets, Gross derivative receivables	61,457	61,913
Total derivative receivables recognized on the Consolidated balance sheets, Net derivative receivables	7,728	9,139
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	62,504	58,124
Amounts netted on the Consolidated balance sheets	(56,697)	(53,657)
Net derivative payables	5,807	4,467
Total derivative payables recognized on the Consolidated balance sheets, Gross derivative payables	66,545	62,461
Total derivative payables recognized on the Consolidated balance sheets, Net derivative payables	9,848	8,804
Equity contracts | Over-the-counter (“OTC”)
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	26,232	30,323
Amounts netted on the Consolidated balance sheets	(22,553)	(25,665)
Net derivative receivables	3,679	4,658
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	29,147	29,833
Amounts netted on the Consolidated balance sheets	(25,525)	(26,554)
Net derivative payables	3,622	3,279
Equity contracts | Exchange-traded
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	32,080	28,467
Amounts netted on the Consolidated balance sheets	(31,176)	(27,109)
Net derivative receivables	904	1,358
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	33,357	28,291
Amounts netted on the Consolidated balance sheets	(31,172)	(27,103)
Net derivative payables	2,185	1,188
Commodity contracts
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	17,829	23,653
Amounts netted on the Consolidated balance sheets	(13,359)	(16,490)
Net derivative receivables	4,470	7,163
Total derivative receivables recognized on the Consolidated balance sheets, Gross derivative receivables	19,659	25,357
Total derivative receivables recognized on the Consolidated balance sheets, Net derivative receivables	6,300	8,867
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	18,388	21,087
Amounts netted on the Consolidated balance sheets	(13,265)	(16,512)
Net derivative payables	5,123	4,575
Total derivative payables recognized on the Consolidated balance sheets, Gross derivative payables	20,762	23,269
Total derivative payables recognized on the Consolidated balance sheets, Net derivative payables	7,497	6,757
Commodity contracts | Over-the-counter (“OTC”)
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	11,145	14,430
Amounts netted on the Consolidated balance sheets	(6,700)	(7,633)
Net derivative receivables	4,445	6,797
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	11,189	11,954
Amounts netted on the Consolidated balance sheets	(6,597)	(7,642)
Net derivative payables	4,592	4,312
Commodity contracts | OTC–cleared
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	107	120
Amounts netted on the Consolidated balance sheets	(106)	(112)
Net derivative receivables	1	8
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	106	112
Amounts netted on the Consolidated balance sheets	(106)	(112)
Net derivative payables	0	0
Commodity contracts | Exchange-traded
Gross and Net Derivative Receivables by Contract and Settlement Type:
Gross derivative receivables	6,577	9,103
Amounts netted on the Consolidated balance sheets	(6,553)	(8,745)
Net derivative receivables	24	358
Gross and Net Derivative Payables by Contract and Settlement Type:
Gross derivative payables	7,093	9,021
Amounts netted on the Consolidated balance sheets	(6,562)	(8,758)
Net derivative payables	$ 531	$ 263

Derivative Instruments - Liquid

Derivative Instruments - Liquidity Risk and Credit-Related Contingent Features (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Aggregate fair value of net derivative payables	$ 13,817	$ 16,023
Collateral posted	13,210	15,505
Single-notch downgrade
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of additional collateral to be posted upon downgrade	112	128
Amount required to settle contracts with termination triggers upon downgrade	84	88
Two-notch downgrade
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of additional collateral to be posted upon downgrade	1,216	1,293
Amount required to settle contracts with termination triggers upon downgrade	$ 744	$ 925

Derivative Instruments - Impa_2

Derivative Instruments - Impact on Statements of Income, Fair Value Hedges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Gains/(losses) recorded in income
Derivatives	$ (211)	$ (7,936)
Hedged items	428	7,816
Income statement impact	217	(120)
Income statement impact of excluded components
Amortization approach	(172)	(65)
Changes in fair value	157	(105)
OCI impact
Derivatives - Gains/(losses) recorded in OCI	(28)	145
Interest rate
Gains/(losses) recorded in income
Derivatives	1,171	(7,070)
Hedged items	(1,103)	6,981
Income statement impact	68	(89)
Income statement impact of excluded components
Amortization approach	0	0
Changes in fair value	9	(66)
OCI impact
Derivatives - Gains/(losses) recorded in OCI	0	0
Foreign exchange
Gains/(losses) recorded in income
Derivatives	158	(690)
Hedged items	(94)	688
Income statement impact	64	(2)
Income statement impact of excluded components
Amortization approach	(172)	(65)
Changes in fair value	64	(2)
OCI impact
Derivatives - Gains/(losses) recorded in OCI	(28)	145
Commodity
Gains/(losses) recorded in income
Derivatives	(1,540)	(176)
Hedged items	1,625	147
Income statement impact	85	(29)
Income statement impact of excluded components
Amortization approach	0
Changes in fair value	84	(37)
OCI impact
Derivatives - Gains/(losses) recorded in OCI	$ 0	$ 0

Derivative Instruments - Cumula

Derivative Instruments - Cumulative Fair Value Hedging Adjustments (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged items:
Total cumulative basis adjustments	$ 21
Commodity contracts
Assets
Carrying amount of the hedged items	14,600	$ 26,000
Long-term debt
Liabilities
Carrying amount of the hedged items	172,238	175,257
Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged items:
Active hedging relationships	(7,215)	(11,879)
Discontinued hedging relationships	(5,592)	(3,313)
Total	(12,807)	(15,192)
Long-term debt | Not designated as hedges
Liabilities
Carrying amount of the hedged items	217	221
Investment securities
Assets
Carrying amount of the hedged items	119,145	84,073
Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged items:
Active hedging relationships	(2,658)	(4,149)
Discontinued hedging relationships	(1,449)	(1,542)
Total	(4,107)	(5,691)
Cumulative amount of fair value hedging adjustments included in the carrying amount of hedged items:
Amortized cost of the closed portfolio	38,900
Designated hedged items in active hedging relationships	24,500
Total cumulative basis adjustments	21
Investment securities | Not designated as hedges
Assets
Carrying amount of the hedged items	$ 19,900	$ 20,300

Derivative Instruments - Impa_3

Derivative Instruments - Impact on Statements of Income, Cash Flow Hedges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 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	$ (1,400)
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	$ (483)	$ 237
Amounts recorded in OCI	567	(3,436)
Total change in OCI for period	1,050	(3,673)
Cash Flow Hedging | Interest rate
Derivatives gains/(losses) recorded in income and other comprehensive income/(loss)
Amounts reclassified from AOCI to income	(427)	243
Amounts recorded in OCI	461	(3,361)
Total change in OCI for period	888	(3,604)
Cash Flow Hedging | Foreign exchange
Derivatives gains/(losses) recorded in income and other comprehensive income/(loss)
Amounts reclassified from AOCI to income	(56)	(6)
Amounts recorded in OCI	106	(75)
Total change in OCI for period	$ 162	$ (69)

Derivative Instruments - Impa_4

Derivative Instruments - Impact on Statements of Income, Net Investment Hedges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 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	$ 41
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	41
Net Investment Hedging | Net foreign exchange derivatives
Gains/(losses) recorded in income and other comprehensive income/(loss)
Amounts recorded in income	84	$ (131)
Amounts recorded in OCI	$ (1,004)	$ 338

Derivative Instruments - Impa_5

Derivative Instruments - Impact on Statements of Income, Risk Management Derivatives (Details) - Risk Management Activities - Not designated as hedges - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Gain (Loss) on Derivative Instruments, Net, Pretax [Abstract]
Derivatives gains/(losses) recorded in income	$ (108)	$ (278)
Interest rate
Gain (Loss) on Derivative Instruments, Net, Pretax [Abstract]
Derivatives gains/(losses) recorded in income	(14)	(229)
Credit
Gain (Loss) on Derivative Instruments, Net, Pretax [Abstract]
Derivatives gains/(losses) recorded in income	(96)	33
Foreign exchange
Gain (Loss) on Derivative Instruments, Net, Pretax [Abstract]
Derivatives gains/(losses) recorded in income	$ 2	$ (82)

Derivative Instruments - Credit

Derivative Instruments - Credit Derivatives (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Maximum payout/Notional amount
Protection sold	$ (723,373)	$ (542,722)
Protection purchased with identical underlyings	767,674	574,875
Net protection (sold)/purchased	44,301	32,153
Other protection purchased	23,053	22,526
Total credit derivatives
Maximum payout/Notional amount
Protection sold	(723,373)	(542,722)
Protection purchased with identical underlyings	767,674	574,875
Net protection (sold)/purchased	44,301	32,153
Other protection purchased	15,428	14,663
Credit default swaps
Maximum payout/Notional amount
Protection sold	(643,237)	(495,557)
Protection purchased with identical underlyings	667,461	509,846
Net protection (sold)/purchased	24,224	14,289
Other protection purchased	3,187	2,917
Other credit derivatives
Maximum payout/Notional amount
Protection sold	(80,136)	(47,165)
Protection purchased with identical underlyings	100,213	65,029
Net protection (sold)/purchased	20,077	17,864
Other protection purchased	12,241	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	$ 7,625	$ 7,863

Derivative Instruments - Cred_2

Derivative Instruments - Credit Derivatives, Protection Sold, Notional and Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Protection sold credit derivatives ratings/maturity profile
Protection sold credit derivatives ratings/maturity profile - less than 1 year	$ (159,289)	$ (123,728)
Protection sold credit derivatives ratings/maturity profile - from 1-5 years	(463,023)	(381,802)
Protection sold credit derivatives ratings/maturity profile - more than 5 years	(101,061)	(37,192)
Total notional amount	(723,373)	(542,722)
Fair value of receivables	5,254	3,591
Fair value of payables	(5,077)	(4,704)
Net fair value	177	(1,113)
Investment-grade
Protection sold credit derivatives ratings/maturity profile
Protection sold credit derivatives ratings/maturity profile - less than 1 year	(121,414)	(90,484)
Protection sold credit derivatives ratings/maturity profile - from 1-5 years	(362,872)	(294,791)
Protection sold credit derivatives ratings/maturity profile - more than 5 years	(84,259)	(30,822)
Total notional amount	(568,545)	(416,097)
Fair value of receivables	3,263	2,324
Fair value of payables	(1,567)	(1,495)
Net fair value	1,696	829
Noninvestment-grade
Protection sold credit derivatives ratings/maturity profile
Protection sold credit derivatives ratings/maturity profile - less than 1 year	(37,875)	(33,244)
Protection sold credit derivatives ratings/maturity profile - from 1-5 years	(100,151)	(87,011)
Protection sold credit derivatives ratings/maturity profile - more than 5 years	(16,802)	(6,370)
Total notional amount	(154,828)	(126,625)
Fair value of receivables	1,991	1,267
Fair value of payables	(3,510)	(3,209)
Net fair value	$ (1,519)	$ (1,942)

Noninterest Revenue and Nonin_3

Noninterest Revenue and Noninterest Expense - Investment Banking Fees (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Schedule of Noninterest revenue [Line Items]
Underwriting	$ 905	$ 1,216
Advisory	744	792
Total investment banking fees	1,649	2,008
Equity
Schedule of Noninterest revenue [Line Items]
Underwriting	233	242
Debt
Schedule of Noninterest revenue [Line Items]
Underwriting	$ 672	$ 974

Noninterest Revenue and Nonin_4

Noninterest Revenue and Noninterest Expense - Principal Transactions (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Principal transactions revenue
Total trading revenue	$ 7,590	$ 5,252
Private equity gains/(losses)	25	(147)
Principal transactions	7,615	5,105
Interest rate
Principal transactions revenue
Total trading revenue	1,786	469
Credit
Principal transactions revenue
Total trading revenue	634	457
Foreign exchange
Principal transactions revenue
Total trading revenue	1,551	1,324
Equity
Principal transactions revenue
Total trading revenue	2,693	2,255
Commodity
Principal transactions revenue
Total trading revenue	$ 926	$ 747

Noninterest Revenue and Nonin_5

Noninterest Revenue and Noninterest Expense - Lending and Deposit-Related Fees (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Noninterest Income (Expense) [Abstract]
Lending-related fees	$ 369	$ 362
Deposit-related fees	1,251	1,477
Total lending- and deposit-related fees	$ 1,620	$ 1,839

Noninterest Revenue and Nonin_6

Noninterest Revenue and Noninterest Expense - Asset Management Fees (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Noninterest Income (Expense) [Abstract]
Investment management fees	$ 3,390	$ 3,562
All other asset management fees	75	90
Total asset management fees	$ 3,465	$ 3,652

Noninterest Revenue and Nonin_7

Noninterest Revenue and Noninterest Expense - Commissions and Other Fees (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Noninterest Income (Expense) [Abstract]
Brokerage commissions	$ 747	$ 810
Administration fees	557	633
All other commissions and fees	391	267
Total commissions and other fees	$ 1,695	$ 1,710

Noninterest Revenue and Nonin_8

Noninterest Revenue and Noninterest Expense - Card Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Total card income	$ 1,234	$ 975
Interchange and merchant processing income
Disaggregation of Revenue [Line Items]
Total card income	7,139	6,235
Rewards costs and partner payments
Disaggregation of Revenue [Line Items]
Total card income	(5,509)	(4,870)
Other card income
Disaggregation of Revenue [Line Items]
Total card income	$ (396)	$ (390)

Noninterest Revenue and Nonin_9

Noninterest Revenue and Noninterest Expense - Other income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Noninterest Income (Expense) [Abstract]
Operating lease income	$ 755	$ 1,048
Losses on tax-oriented investments	(412)	(408)
Gain related to the acquisition of CIFM	$ 339	$ 0
CIFM
Business Acquisition [Line Items]
Percentage interest acquired	51%

Noninterest Revenue and Noni_10

Noninterest Revenue and Noninterest Expense - Components of Noninterest Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Noninterest Income (Expense) [Abstract]
Legal expense	$ 176	$ 119

Interest Income and Interest _3

Interest Income and Interest Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Interest income
Loans	$ 17,708	$ 10,633
Taxable securities	3,967	1,979
Non-taxable securities	248	245
Total investment securities	4,215	2,224
Trading assets - debt instruments	3,646	1,767
Federal funds sold and securities purchased under resale agreements	3,131	397
Securities borrowed	1,716	(87)
Deposits with banks	4,819	238
All other interest-earning assets	1,769	324
Total interest income	37,004	15,496
Interest expense
Interest-bearing deposits	7,637	182
Federal funds purchased and securities loaned or sold under repurchase agreements	2,804	113
Short-term borrowings	421	44
Trading liabilities – debt and all other interest-bearing liabilities	1,971	191
Long-term debt	3,313	1,076
Beneficial interest issued by consolidated VIEs	147	18
Total interest expense	16,293	1,624
Net interest income	20,711	13,872
Provision for credit losses	2,275	1,463
Net interest income after provision for credit losses	$ 18,436	$ 12,409

Pension and Other Postretirem_3

Pension and Other Postretirement Employee Benefit Plans - Net Periodic Benefit Costs and Fair Value of Plan Assets (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Retirement Benefits [Abstract]
Total net periodic defined benefit plan cost/(credit)	$ (94)	$ (64)
Total defined contribution plans	365	344
Total pension and OPEB cost included in noninterest expense	$ 271	$ 280

Pension and Other Postretirem_4

Pension and Other Postretirement Employee Benefit Plans - Narrative (Details) - USD ($) $ in Billions	Mar. 31, 2023	Dec. 31, 2022
Retirement Benefits [Abstract]
Fair value of plan assets	$ 20.5	$ 19.9

Employee Share-based Incentiv_3

Employee Share-based Incentives - Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 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	$ 357	$ 271
Accrual of estimated costs of share-based awards to be granted in future periods, predominantly those to full-career eligible employees	513	535
Total noncash compensation expense related to employee share-based incentive plans	$ 870	$ 806

Employee Share-based Incentiv_4

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

Investment Securities - Narrati

Investment Securities - Narrative (Details) - USD ($) $ in Millions		12 Months Ended
	Jan. 01, 2023	Dec. 31, 2022	Mar. 31, 2023	Mar. 31, 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%	99%
Investment securities, allowance for credit losses		$ 96	$ 90	$ 41
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
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

Investment Securities - Amortiz

Investment Securities - Amortized Costs and Estimated Fair Values (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Available-for-sale securities
Amortized cost	$ 204,671,000,000		$ 216,188,000,000
Unallocated portfolio layer fair value hedge basis adjustments	21,000,000
Gross unrealized gains	1,274,000,000		890,000,000
Unallocated portfolio layer fair value basis adjustments, Gross unrealized gains	(21,000,000)
Gross unrealized losses	8,697,000,000		11,221,000,000
Fair value	197,248,000,000		205,857,000,000
Held-to-maturity securities
Amortized cost	412,827,000,000		425,305,000,000
Gross unrealized gains	201,000,000		105,000,000
Gross unrealized losses	31,038,000,000		36,762,000,000
Fair value	381,990,000,000		388,648,000,000
Total investment securities, net of allowance for credit losses
Amortized cost	617,498,000,000		641,493,000,000
Gross unrealized gains	1,475,000,000		995,000,000
Gross unrealized losses	39,735,000,000		47,983,000,000
Fair value	579,238,000,000		594,505,000,000
HTM securities purchased	3,600,000,000	$ 13,200,000,000
Investment securities, allowance for credit losses	90,000,000	41,000,000	96,000,000
Accrued interest receivables on investment securities	2,400,000,000		2,500,000,000
Accrued interest receivables reversed through interest income on AFS securities	0	0
Accrued interest receivables reversed through interest income on HTM securities	0	$ 0
Total mortgage-backed securities
Available-for-sale securities
Amortized cost	78,251,000,000		84,059,000,000
Gross unrealized gains	597,000,000		485,000,000
Gross unrealized losses	5,125,000,000		6,463,000,000
Fair value	73,723,000,000		78,081,000,000
Held-to-maturity securities
Amortized cost	134,329,000,000		134,356,000,000
Gross unrealized gains	99,000,000		48,000,000
Gross unrealized losses	13,759,000,000		15,687,000,000
Fair value	120,669,000,000		118,717,000,000
U.S. GSEs and government agencies
Available-for-sale securities
Amortized cost	71,570,000,000		77,194,000,000
Gross unrealized gains	592,000,000		479,000,000
Gross unrealized losses	4,857,000,000		6,170,000,000
Fair value	67,305,000,000		71,503,000,000
Held-to-maturity securities
Amortized cost	112,980,000,000		113,492,000,000
Gross unrealized gains	84,000,000		35,000,000
Gross unrealized losses	11,893,000,000		13,709,000,000
Fair value	101,171,000,000		99,818,000,000
Residential: U.S.
Available-for-sale securities
Amortized cost	1,695,000,000		1,576,000,000
Gross unrealized gains	1,000,000		1,000,000
Gross unrealized losses	103,000,000		111,000,000
Fair value	1,593,000,000		1,466,000,000
Held-to-maturity securities
Amortized cost	10,602,000,000		10,503,000,000
Gross unrealized gains	5,000,000		3,000,000
Gross unrealized losses	1,132,000,000		1,244,000,000
Fair value	9,475,000,000		9,262,000,000
Residential: Non-U.S.
Available-for-sale securities
Amortized cost	2,885,000,000		3,176,000,000
Gross unrealized gains	4,000,000		5,000,000
Gross unrealized losses	11,000,000		27,000,000
Fair value	2,878,000,000		3,154,000,000
Commercial
Available-for-sale securities
Amortized cost	2,101,000,000		2,113,000,000
Gross unrealized gains	0		0
Gross unrealized losses	154,000,000		155,000,000
Fair value	1,947,000,000		1,958,000,000
Held-to-maturity securities
Amortized cost	10,747,000,000		10,361,000,000
Gross unrealized gains	10,000,000		10,000,000
Gross unrealized losses	734,000,000		734,000,000
Fair value	10,023,000,000		9,637,000,000
U.S. Treasury and government agencies
Available-for-sale securities
Amortized cost	83,648,000,000		95,217,000,000
Gross unrealized gains	513,000,000		302,000,000
Gross unrealized losses	2,522,000,000		3,459,000,000
Fair value	81,639,000,000		92,060,000,000
Held-to-maturity securities
Amortized cost	202,487,000,000		207,463,000,000
Gross unrealized gains	0		0
Gross unrealized losses	15,275,000,000		18,363,000,000
Fair value	187,212,000,000		189,100,000,000
Obligations of U.S. states and municipalities
Available-for-sale securities
Amortized cost	13,692,000,000		7,103,000,000
Gross unrealized gains	166,000,000		86,000,000
Gross unrealized losses	329,000,000		403,000,000
Fair value	13,529,000,000		6,786,000,000
Held-to-maturity securities
Amortized cost	12,299,000,000		19,747,000,000
Gross unrealized gains	52,000,000		53,000,000
Gross unrealized losses	740,000,000		1,080,000,000
Fair value	11,611,000,000		18,720,000,000
Non-U.S. government debt securities
Available-for-sale securities
Amortized cost	19,960,000,000		20,360,000,000
Gross unrealized gains	13,000,000		14,000,000
Gross unrealized losses	543,000,000		678,000,000
Fair value	19,430,000,000		19,696,000,000
Corporate debt securities
Available-for-sale securities
Amortized cost	392,000,000		381,000,000
Gross unrealized gains	0		0
Gross unrealized losses	28,000,000		24,000,000
Fair value	364,000,000		357,000,000
Asset-backed securities: Collateralized loan obligations
Available-for-sale securities
Amortized cost	5,607,000,000		5,916,000,000
Gross unrealized gains	2,000,000		1,000,000
Gross unrealized losses	89,000,000		125,000,000
Fair value	5,520,000,000		5,792,000,000
Held-to-maturity securities
Amortized cost	61,528,000,000		61,414,000,000
Gross unrealized gains	50,000,000		4,000,000
Gross unrealized losses	1,175,000,000		1,522,000,000
Fair value	60,403,000,000		59,896,000,000
Asset-backed securities: Other
Available-for-sale securities
Amortized cost	3,100,000,000		3,152,000,000
Gross unrealized gains	4,000,000		2,000,000
Gross unrealized losses	61,000,000		69,000,000
Fair value	3,043,000,000		3,085,000,000
Held-to-maturity securities
Amortized cost	2,184,000,000		2,325,000,000
Gross unrealized gains	0		0
Gross unrealized losses	89,000,000		110,000,000
Fair value	$ 2,095,000,000		$ 2,215,000,000

Investment Securities - Fair Va

Investment Securities - Fair Value and Gross Unrealized Losses by Aging Category (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Available-for-sale securities
Less than 12 months, Fair value	$ 13,444	$ 20,904
Less than 12 months, Gross unrealized losses	208	846
12 months or more, Fair Value	17,272	8,519
12 months or more, Gross unrealized losses	1,110	746
Total fair value	30,716	29,423
Total gross unrealized losses	1,318	1,592
Total mortgage-backed securities
Available-for-sale securities
Less than 12 months, Fair value	1,689	5,166
Less than 12 months, Gross unrealized losses	37	170
12 months or more, Fair Value	4,393	1,143
12 months or more, Gross unrealized losses	231	123
Total fair value	6,082	6,309
Total gross unrealized losses	268	293
U.S. GSEs and government agencies
Available-for-sale securities
Total fair value	7,400	9,600
Residential: U.S.
Available-for-sale securities
Less than 12 months, Fair value	474	1,187
Less than 12 months, Gross unrealized losses	16	71
12 months or more, Fair Value	1,062	260
12 months or more, Gross unrealized losses	87	40
Total fair value	1,536	1,447
Total gross unrealized losses	103	111
Residential: Non-U.S.
Available-for-sale securities
Less than 12 months, Fair value	966	2,848
Less than 12 months, Gross unrealized losses	4	25
12 months or more, Fair Value	1,653	70
12 months or more, Gross unrealized losses	7	2
Total fair value	2,619	2,918
Total gross unrealized losses	11	27
Commercial
Available-for-sale securities
Less than 12 months, Fair value	249	1,131
Less than 12 months, Gross unrealized losses	17	74
12 months or more, Fair Value	1,678	813
12 months or more, Gross unrealized losses	137	81
Total fair value	1,927	1,944
Total gross unrealized losses	154	155
Obligations of U.S. states and municipalities
Available-for-sale securities
Less than 12 months, Fair value	2,164	3,051
Less than 12 months, Gross unrealized losses	66	241
12 months or more, Fair Value	1,202	364
12 months or more, Gross unrealized losses	263	162
Total fair value	3,366	3,415
Total gross unrealized losses	329	403
Non-U.S. government debt securities
Available-for-sale securities
Less than 12 months, Fair value	7,592	6,941
Less than 12 months, Gross unrealized losses	70	321
12 months or more, Fair Value	5,475	3,848
12 months or more, Gross unrealized losses	473	357
Total fair value	13,067	10,789
Total gross unrealized losses	543	678
Corporate debt securities
Available-for-sale securities
Less than 12 months, Fair value	110	150
Less than 12 months, Gross unrealized losses	2	2
12 months or more, Fair Value	249	207
12 months or more, Gross unrealized losses	26	22
Total fair value	359	357
Total gross unrealized losses	28	24
Asset-backed securities: Collateralized loan obligations
Available-for-sale securities
Less than 12 months, Fair value	352	3,010
Less than 12 months, Gross unrealized losses	4	61
12 months or more, Fair Value	4,882	2,701
12 months or more, Gross unrealized losses	85	64
Total fair value	5,234	5,711
Total gross unrealized losses	89	125
Asset-backed securities: Other
Available-for-sale securities
Less than 12 months, Fair value	1,537	2,586
Less than 12 months, Gross unrealized losses	29	51
12 months or more, Fair Value	1,071	256
12 months or more, Gross unrealized losses	32	18
Total fair value	2,608	2,842
Total gross unrealized losses	$ 61	$ 69

Investment Securities - Realize

Investment Securities - Realized Gains and Losses and Provision for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Securities gains and losses
Realized gains	$ 131	$ 13
Realized losses	(999)	(407)
Investment securities losses	(868)	(394)
Provision for credit losses	$ 1	$ (1)

Investment Securities - Amort_2

Investment Securities - Amortized Cost and Estimated Fair Value by Contractual Maturity (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Available-for-sale securities, Amortized cost
Due in one year or less	$ 23,968
Due after one year through five years	53,138
Due after five years through 10 years	35,824
Due after 10 years	91,749
Amortized cost	204,679
Available-for-sale securities, Fair value
Due in one year or less	23,633
Due after one year through five years	51,312
Due after five years through 10 years	35,204
Due after 10 years	87,099
Fair value	$ 197,248	$ 205,857
Available-for-sale securities, Average yield
Due in one year or less	2.33%
Due after one year through five years	3.82%
Due after five years through 10 years	4.29%
Due after 10 years	4.43%
Average yield	4%
Total held-to-maturity securities, Amortized cost
Due in one year or less	$ 58,070
Due after one year through five years	80,351
Due after five years through 10 years	98,757
Due after 10 years	175,710
Amortized cost	412,888
Total held-to-maturity securities, Fair value
Due in one year or less	56,470
Due after one year through five years	75,592
Due after five years through 10 years	88,208
Due after 10 years	161,720
Fair value	$ 381,990	388,648
Total held-to-maturity securities, Average yield
Due in one year or less	0.46%
Due after one year through five years	0.91%
Due after five years through 10 years	2.25%
Due after 10 years	3.68%
Average yield	2.35%
Supplemental information
US government agencies and US government sponsored enterprises residential MBS estimated duration	7 years
Agency residential collateralized mortgage obligations estimated duration	6 years
Nonagency residential collateralized mortgage obligations estimated duration	6 years
Available for sale securities allowance for credit losses	$ 29
Portfolio layer fair value basis adjustments	21
Held-to-maturity securities allowance for credit losses	$ 61
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	3,406
Due after five years through 10 years	4,644
Due after 10 years	70,187
Amortized cost	78,251
Available-for-sale securities, Fair value
Due in one year or less	14
Due after one year through five years	3,259
Due after five years through 10 years	4,678
Due after 10 years	65,772
Fair value	$ 73,723	78,081
Available-for-sale securities, Average yield
Due in one year or less	2.14%
Due after one year through five years	4.16%
Due after five years through 10 years	5.69%
Due after 10 years	4.04%
Average yield	4.14%
Total held-to-maturity securities, Amortized cost
Due in one year or less	$ 99
Due after one year through five years	2,755
Due after five years through 10 years	11,506
Due after 10 years	119,996
Amortized cost	134,356
Total held-to-maturity securities, Fair value
Due in one year or less	96
Due after one year through five years	2,575
Due after five years through 10 years	10,332
Due after 10 years	107,666
Fair value	$ 120,669	118,717
Total held-to-maturity securities, Average yield
Due in one year or less	5.70%
Due after one year through five years	2.61%
Due after five years through 10 years	2.55%
Due after 10 years	2.98%
Average yield	2.94%
U.S. Treasury and government agencies
Available-for-sale securities, Amortized cost
Due in one year or less	$ 11,298
Due after one year through five years	45,163
Due after five years through 10 years	20,706
Due after 10 years	6,481
Amortized cost	83,648
Available-for-sale securities, Fair value
Due in one year or less	11,030
Due after one year through five years	43,602
Due after five years through 10 years	20,506
Due after 10 years	6,501
Fair value	$ 81,639	92,060
Available-for-sale securities, Average yield
Due in one year or less	0.36%
Due after one year through five years	3.87%
Due after five years through 10 years	4.33%
Due after 10 years	6.33%
Average yield	3.70%
Total held-to-maturity securities, Amortized cost
Due in one year or less	$ 57,971
Due after one year through five years	77,514
Due after five years through 10 years	67,002
Due after 10 years	0
Amortized cost	202,487
Total held-to-maturity securities, Fair value
Due in one year or less	56,374
Due after one year through five years	72,935
Due after five years through 10 years	57,903
Due after 10 years	0
Fair value	$ 187,212	189,100
Total held-to-maturity securities, Average yield
Due in one year or less	0.45%
Due after one year through five years	0.84%
Due after five years through 10 years	1.27%
Due after 10 years	0%
Average yield	0.87%
Obligations of U.S. states and municipalities
Available-for-sale securities, Amortized cost
Due in one year or less	$ 18
Due after one year through five years	140
Due after five years through 10 years	2,380
Due after 10 years	11,154
Amortized cost	13,692
Available-for-sale securities, Fair value
Due in one year or less	18
Due after one year through five years	142
Due after five years through 10 years	2,403
Due after 10 years	10,966
Fair value	$ 13,529	6,786
Available-for-sale securities, Average yield
Due in one year or less	4.84%
Due after one year through five years	4.51%
Due after five years through 10 years	4.46%
Due after 10 years	5.44%
Average yield	5.26%
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	738
Due after 10 years	11,595
Amortized cost	12,333
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	711
Due after 10 years	10,900
Fair value	$ 11,611	18,720
Total held-to-maturity securities, Average yield
Due in one year or less	0%
Due after one year through five years	0%
Due after five years through 10 years	4.20%
Due after 10 years	4.06%
Average yield	4.06%
Non-U.S. government debt securities
Available-for-sale securities, Amortized cost
Due in one year or less	$ 12,348
Due after one year through five years	2,802
Due after five years through 10 years	4,436
Due after 10 years	374
Amortized cost	19,960
Available-for-sale securities, Fair value
Due in one year or less	12,339
Due after one year through five years	2,710
Due after five years through 10 years	4,006
Due after 10 years	375
Fair value	$ 19,430	19,696
Available-for-sale securities, Average yield
Due in one year or less	3.89%
Due after one year through five years	2.20%
Due after five years through 10 years	1.47%
Due after 10 years	3.51%
Average yield	3.11%
Corporate debt securities
Available-for-sale securities, Amortized cost
Due in one year or less	$ 187
Due after one year through five years	221
Due after five years through 10 years	13
Due after 10 years	0
Amortized cost	421
Available-for-sale securities, Fair value
Due in one year or less	134
Due after one year through five years	217
Due after five years through 10 years	13
Due after 10 years	0
Fair value	$ 364	$ 357
Available-for-sale securities, Average yield
Due in one year or less	15.98%
Due after one year through five years	11.40%
Due after five years through 10 years	6.11%
Due after 10 years	0%
Average yield	13.26%
Asset-backed securities
Available-for-sale securities, Amortized cost
Due in one year or less	$ 103
Due after one year through five years	1,406
Due after five years through 10 years	3,645
Due after 10 years	3,553
Amortized cost	8,707
Available-for-sale securities, Fair value
Due in one year or less	98
Due after one year through five years	1,382
Due after five years through 10 years	3,598
Due after 10 years	3,485
Fair value	$ 8,563
Available-for-sale securities, Average yield
Due in one year or less	5.25%
Due after one year through five years	3.13%
Due after five years through 10 years	5.52%
Due after 10 years	5.68%
Average yield	5.20%
Total held-to-maturity securities, Amortized cost
Due in one year or less	$ 0
Due after one year through five years	82
Due after five years through 10 years	19,511
Due after 10 years	44,119
Amortized cost	63,712
Total held-to-maturity securities, Fair value
Due in one year or less	0
Due after one year through five years	82
Due after five years through 10 years	19,262
Due after 10 years	43,154
Fair value	$ 62,498
Total held-to-maturity securities, Average yield
Due in one year or less	0%
Due after one year through five years	5.72%
Due after five years through 10 years	5.37%
Due after 10 years	5.48%
Average yield	5.45%

Securities Financing Activiti_3

Securities Financing Activities - Gross and Net Amounts of Securities Financing Agreements (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Assets
Securities purchased under resale agreements, Gross amounts	$ 608,147	$ 597,912
Securities purchased under resale agreements, Amounts netted on the Consolidated balance sheets	(291,100)	(282,411)
Securities purchased under resale agreements, Amounts presented on the Consolidated balance sheets	317,047	315,501
Securities purchased under resale agreements, Amounts not nettable on the Consolidated balance sheets	(308,851)	(304,120)
Securities purchased under resale agreements, Net amounts	8,196	11,381
Securities borrowed, Gross amounts	233,841	228,279
Securities borrowed, Amounts netted on the Consolidated balance sheets	(37,924)	(42,910)
Securities borrowed, Amounts presented on the Consolidated balance sheets	195,917	185,369
Securities borrowed, Amounts not nettable on the Consolidated balance sheets	(142,451)	(131,578)
Securities borrowed, Net amounts	53,466	53,791
Liabilities
Securities sold under repurchase agreements, Gross amounts	531,763	480,793
Securities sold under repurchase agreements, Amounts netted on the Consolidated balance sheets	(291,100)	(282,411)
Securities sold under repurchase agreements, Amounts presented on the Consolidated balance sheets	240,663	198,382
Securities sold under repurchase agreements, Amounts not nettable on the Consolidated balance sheets	(204,338)	(167,427)
Securities sold under repurchase agreements, Net amounts	36,325	30,955
Securities loaned and other, Gross amounts	48,570	52,443
Securities loaned and other, Amounts netted on the Consolidated balance sheets	(37,924)	(42,910)
Securities loaned and other, Amounts presented on the Consolidated balance sheets	10,646	9,533
Securities loaned and other, Amounts not nettable on the Consolidated balance sheets	(10,563)	(9,527)
Securities loaned and other, Net amounts	83	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	49,700	49,000
Securities sold under agreements to repurchase	35,000	29,100
Securities-for-securities
Liabilities
Securities loaned and other, Amounts presented on the Consolidated balance sheets	$ 6,600	$ 7,000

Securities Financing Activiti_4

Securities Financing Activities - Types of Financial Assets Pledged and Remaining Maturity (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	$ 531,763	$ 480,793
Securities loaned and other	48,570	52,443
Overnight and continuous
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	261,992	205,235
Securities loaned and other	47,146	50,138
Up to 30 days
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	148,156	170,696
Securities loaned and other	339	1,285
30 – 90 days
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	40,759	37,120
Securities loaned and other	0	3
Greater than 90 days
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	80,856	67,742
Securities loaned and other	1,085	1,017
Mortgage-backed securities, U.S. GSEs and government agencies
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	68,935	58,050
Securities loaned and other	0	0
Mortgage-backed securities, Residential - nonagency
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	2,538	2,414
Securities loaned and other	0	0
Mortgage-backed securities, Commercial - nonagency
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	1,689	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	242,331	191,254
Securities loaned and other	1,294	1,464
Obligations of U.S. states and municipalities
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	1,987	1,735
Securities loaned and other	39	5
Non-U.S. government debt
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	146,097	155,156
Securities loaned and other	959	1,259
Corporate debt securities
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	38,013	37,121
Securities loaned and other	3,422	461
Asset-backed securities
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	4,017	2,981
Securities loaned and other	0	0
Equity securities
Securities Financing Transaction [Line Items]
Securities sold under repurchase agreements	26,156	30,075
Securities loaned and other	$ 42,856	$ 49,254

Securities Financing Activiti_5

Securities Financing Activities - Transfers Not Qualifying for Sale Accounting (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Securities Financing Transactions Disclosures [Abstract]
Transfers not qualifying for sale accounting	$ 871	$ 692

Loans - Narrative (Details)

Loans - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($) loan_segment	Mar. 31, 2022 USD ($)
Receivables [Abstract]
Number of portfolio segments | loan_segment	3
Net gains/(losses) on sales of loans and lending-related commitments	$ 23	$ 38
Net gains/(losses) on sales of loans	$ 27	$ 34

Loans - By Portfolio Segment (D

Loans - By Portfolio Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Loan balances by portfolio segment:
Retained loans	$ 1,084,850	$ 1,018,397	$ 1,089,598
Held-for-sale	5,500		3,970
Loans at fair value	38,546		42,079
Total	1,128,896		1,135,647
Accrued interest receivables	5,300		5,200
Accrued interest receivables written off	11	12
Consumer, excluding credit card
Loan balances by portfolio segment:
Retained loans	300,447	296,161	300,753
Held-for-sale	572		618
Loans at fair value	10,414		10,004
Total	311,433		311,375
Credit card
Loan balances by portfolio segment:
Retained loans	180,079		185,175
Held-for-sale	0		0
Loans at fair value	0		0
Total	180,079		185,175
Wholesale
Loan balances by portfolio segment:
Retained loans	604,324	$ 569,953	603,670
Held-for-sale	4,928		3,352
Loans at fair value	28,132		32,075
Total	$ 637,384		$ 639,097

Loans - Purchased, Sold and Rec

Loans - Purchased, Sold and Reclassified to Held-for-Sale (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchases	$ 242	$ 285
Sales	9,171	9,754
Retained loans reclassified to held-for-sale	357	349
Consumer, excluding credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchases	79	119
Sales	0	47
Retained loans reclassified to held-for-sale	43	76
Excluded retained loans purchased from correspondents that were originated in accordance with the Firm's underwriting standards	663	3,200
Credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchases	0	0
Sales	0	0
Retained loans reclassified to held-for-sale	0	0
Wholesale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchases	163	166
Sales	9,171	9,707
Retained loans reclassified to held-for-sale	$ 314	$ 273

Loans - Consumer, Excluding Cre

Loans - Consumer, Excluding Credit Card Loan Portfolio (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 1,084,850	$ 1,089,598	$ 1,018,397
Consumer, excluding credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	300,447	300,753	$ 296,161
Consumer, excluding credit card | Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	236,115	237,561
Consumer, excluding credit card | Auto and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 64,332	$ 63,192

Loans - Consumer, Excluding C_2

Loans - Consumer, Excluding Credit Card Loan Portfolio, Residential Real Estate (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Loans by origination year
Total retained loans	$ 1,084,850	$ 1,018,397	$ 1,089,598
Gross charge-offs by origination year
Total gross charge-offs	1,451	976
Consumer, excluding credit card
Loans by origination year
Total retained loans	300,447	296,161	300,753
Gross charge-offs by origination year
Total gross charge-offs	235	$ 204
Consumer, excluding credit card | Residential real estate
Loans by origination year
Term loans originated in 2023/2022	2,613		39,964
Term loans originated in 2022/2021	39,678		66,084
Term loans originated in 2021/2020	65,310		43,335
Term loans originated in 2020/2019	42,780		15,427
Term loans originated in 2019/2018	15,134		6,366
Term loans originated prior to 2019/2018	55,694		50,709
Revolving loans within the revolving period	5,283		5,608
Revolving loans converted to term loans	9,623		10,068
Total retained loans	$ 236,115		$ 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%		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	0.02%		0.05%
% of 30 plus days past due to total retained loans, Term loans originated in 2020/2019	0.04%		0.19%
% of 30 plus days past due to total retained loans, Term loans originated in 2019/2018	0.20%		0.42%
% of 30 plus days past due to total retained loans, Term loans originated prior to 2019/2018	1.94%		2.07%
% of 30 plus days past due to total retained loans, Revolving loans within the revolving period	0.34%		0.34%
% of 30 plus days past due to total retained loans, Revolving loans converted to term loans	4.01%		3.80%
% of 30 plus days past due to total retained loans	0.67%		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	0
Gross charge-offs originated prior to 2019	7
Gross charge-offs originated within the revolving period	8
Gross charge-offs originated converted to term loans	3
Total gross charge-offs	$ 18
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%
Consumer, excluding credit card | Residential real estate | Current
Loans by origination year
Term loans originated in 2023/2022	$ 2,613		$ 39,934
Term loans originated in 2022/2021	39,656		66,072
Term loans originated in 2021/2020	65,294		43,315
Term loans originated in 2020/2019	42,762		15,397
Term loans originated in 2019/2018	15,103		6,339
Term loans originated prior to 2019/2018	54,592		49,632
Revolving loans within the revolving period	5,265		5,589
Revolving loans converted to term loans	9,237		9,685
Total retained loans	234,522		235,963
Consumer, excluding credit card | Residential real estate | 30–149 days past due
Loans by origination year
Term loans originated in 2023/2022	0		29
Term loans originated in 2022/2021	21		11
Term loans originated in 2021/2020	14		14
Term loans originated in 2020/2019	13		20
Term loans originated in 2019/2018	20		20
Term loans originated prior to 2019/2018	605		597
Revolving loans within the revolving period	16		15
Revolving loans converted to term loans	216		208
Total retained loans	905		914
Consumer, excluding credit card | Residential real estate | 150 or more days past due
Loans by origination year
Term loans originated in 2023/2022	0		1
Term loans originated in 2022/2021	1		1
Term loans originated in 2021/2020	2		6
Term loans originated in 2020/2019	5		10
Term loans originated in 2019/2018	11		7
Term loans originated prior to 2019/2018	497		480
Revolving loans within the revolving period	2		4
Revolving loans converted to term loans	170		175
Total retained loans	$ 688		$ 684

Loans - Consumer, Excluding C_3

Loans - Consumer, Excluding Credit Card Loan Portfolio, Residential Real Estate, Nonaccrual Loans and Other Credit Quality Indicators (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 1,084,850,000,000	$ 1,018,397,000,000	$ 1,089,598,000,000
Consumer, excluding credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	300,447,000,000	296,161,000,000	300,753,000,000
Consumer, excluding credit card | Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	3,710,000,000		3,745,000,000
Retained loans	$ 236,115,000,000		$ 237,561,000,000
Weighted average LTV ratio	51%		51%
Weighted average FICO	$ 770		$ 769
Approximate percentage of Chapter 7 loans 30 days or more past due	9%
Interest income on nonaccrual loans recognized on a cash basis	$ 45,000,000	$ 45,000,000
Consumer, excluding credit card | Residential real estate | California
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	72,610,000,000		73,112,000,000
Consumer, excluding credit card | Residential real estate | New York
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	34,271,000,000		34,471,000,000
Consumer, excluding credit card | Residential real estate | Florida
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	18,877,000,000		18,870,000,000
Consumer, excluding credit card | Residential real estate | Texas
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	14,899,000,000		14,968,000,000
Consumer, excluding credit card | Residential real estate | Illinois
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	11,133,000,000		11,296,000,000
Consumer, excluding credit card | Residential real estate | Colorado
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	9,979,000,000		9,968,000,000
Consumer, excluding credit card | Residential real estate | Washington
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	9,043,000,000		9,060,000,000
Consumer, excluding credit card | Residential real estate | New Jersey
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	7,013,000,000		7,108,000,000
Consumer, excluding credit card | Residential real estate | Massachusetts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	6,352,000,000		6,380,000,000
Consumer, excluding credit card | Residential real estate | Connecticut
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	5,408,000,000		5,432,000,000
Consumer, excluding credit card | Residential real estate | All other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	46,530,000,000		46,896,000,000
Consumer, excluding credit card | Residential real estate | No FICO/LTV available
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	904,000,000		1,406,000,000
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	4,000,000		2,000,000
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	2,000,000		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	196,000,000		174,000,000
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	5,000,000		6,000,000
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	12,774,000,000		12,034,000,000
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	250,000,000		184,000,000
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	213,157,000,000		215,096,000,000
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	$ 8,823,000,000		$ 8,659,000,000

Loans - Consumer, Excluding C_4

Loans - Consumer, Excluding Credit Card Loan Portfolio, Loan Modifications, Narrative (Details) - Consumer, excluding credit card - Residential real estate - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost of modified loans	$ 38,000,000
Weighted average contractual interest rate	3.57%		5.84%
Additional commitments to lend to borrowers whose loans have been modified as FDM's	$ 0
Loans subject to a trial modification	23,000,000
Loans subject to Chapter 7	$ 2,000,000
Carrying value of new TDRs		$ 118,000,000
Maximum
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted-average term loan extensions	24 years

Loans - Consumer, Excluding C_5

Loans - Consumer, Excluding Credit Card Loan Portfolio, Nature and Extent of Modifications (Details) - Consumer, excluding credit card - Residential real estate	3 Months Ended
	Mar. 31, 2022 loan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Percentage, sum of items by type, may exceed	100%
Trial modification
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of loans modified	1,526
Permanent modification
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of loans modified	1,542
Interest rate reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Concession granted	64%
Term or payment extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Concession granted	77%
Other-than-insignificant payment delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Concession granted	13%
Principal forgiveness
Financing Receivable, Troubled Debt Restructuring [Line Items]
Concession granted	1%
Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Concession granted	27%

Loans - Consumer, Excluding C_6

Loans - Consumer, Excluding Credit Card Loan Portfolio, Financial Effects of Modifications and Redefaults (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value	$ 1,018,397	$ 1,084,850	$ 1,089,598
Consumer, excluding credit card
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value	$ 296,161	300,447	300,753
Consumer, excluding credit card | Residential real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value		236,115	237,561
Consumer, excluding credit card | Residential real estate | In process of active or suspended foreclosure
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value		$ 580	$ 565
Consumer, excluding credit card | Residential real estate | Maximum
Financing Receivable, Troubled Debt Restructuring [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, Troubled Debt Restructuring [Line Items]
Weighted-average interest rate of loans with interest rate reductions – before TDR	4.43%
Weighted-average interest rate of loans with interest rate reductions – after TDR	3.31%
Weighted-average remaining contractual term (in years) of loans with term or payment extensions – before TDR	23 years
Weighted-average remaining contractual term (in years) of loans with term or payment extensions – after TDR	39 years
Charge-offs recognized upon permanent modification	$ 0
Principal deferred	7
Principal forgiven	1
Amortized cost basis	$ 43

Loans - Consumer, Excluding C_7

Loans - Consumer, Excluding Credit Card Loan Portfolio, Auto and Other (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Loans by origination year
Total retained loans	$ 1,084,850	$ 1,018,397	$ 1,089,598
Gross charge-offs by origination year
Total gross charge-offs	1,451	976
Consumer, excluding credit card
Loans by origination year
Total retained loans	300,447	296,161	300,753
Gross charge-offs by origination year
Total gross charge-offs	235	$ 204
Consumer, excluding credit card | Auto and other
Loans by origination year
Term loans originated in 2023/2022	8,065		22,450
Term loans originated in 2022/2021	20,150		20,573
Term loans originated in 2021/2020	18,468		11,525
Term loans originated in 2020/2019	10,164		4,059
Term loans originated in 2019/2018	3,402		1,500
Term loans originated prior to 2019/2018	1,504		596
Revolving loans within the revolving period	2,441		2,356
Revolving loans converted to term loans	138		133
Total retained loans	$ 64,332		$ 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	0.88%		1.17%
% of 30 plus days past due to total retained loans, Term loans originated in 2022/2021	1.05%		1.15%
% of 30 plus days past due to total retained loans, Term loans originated in 2021/2020	1.12%		0.83%
% of 30 plus days past due to total retained loans, Term loans originated in 2020/2019	0.74%		1.68%
% of 30 plus days past due to total retained loans, Term loans originated in 2019/2018	1.53%		2.20%
% of 30 plus days past due to total retained loans, Term loans originated prior to 2019/2018	2.39%		3.02%
% of 30 plus days past due to total retained loans, Revolving loans within the revolving period	0.57%		0.59%
% of 30 plus days past due to total retained loans, Revolving loans converted to term loans	19.57%		11.28%
% of 30 plus days past due to total retained loans	1.08%		1.18%
Gross charge-offs by origination year
Gross charge-offs originated in 2023	$ 27
Gross charge-offs originated in 2022	112
Gross charge-offs originated in 2021	41
Gross charge-offs originated in 2020	14
Gross charge-offs originated in 2019	9
Gross charge-offs originated prior to 2019	14
Gross charge-offs originated within the revolving period	0
Gross charge-offs originated converted to term loans	0
Total gross charge-offs	217
Current | Consumer, excluding credit card | Auto and other
Loans by origination year
Term loans originated in 2023/2022	7,994		$ 22,187
Term loans originated in 2022/2021	19,938		20,212
Term loans originated in 2021/2020	18,215		11,401
Term loans originated in 2020/2019	10,071		3,991
Term loans originated in 2019/2018	3,350		1,467
Term loans originated prior to 2019/2018	1,468		578
Revolving loans within the revolving period	2,427		2,342
Revolving loans converted to term loans	111		118
Total retained loans	63,574		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	65		153
30–119 days past due | Consumer, excluding credit card | Auto and other
Loans by origination year
Term loans originated in 2023/2022	71		263
Term loans originated in 2022/2021	212		308
Term loans originated in 2021/2020	217		100
Term loans originated in 2020/2019	76		68
Term loans originated in 2019/2018	52		33
Term loans originated prior to 2019/2018	35		17
Revolving loans within the revolving period	12		12
Revolving loans converted to term loans	19		10
Total retained loans	694		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	36		24
Term loans originated in 2020/2019	17		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	8		5
Total retained loans	$ 64		$ 85

Loans - Consumer, Excluding C_8

Loans - Consumer, Excluding Credit Card Loan Portfolio, Auto and Other, Nonaccrual and Other Credit Quality Indicators and Loan Modifications (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	$ 1,084,850,000,000	$ 1,089,598,000,000	$ 1,018,397,000,000
Consumer, excluding credit card
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	300,447,000,000	300,753,000,000	$ 296,161,000,000
Consumer, excluding credit card | Auto and other
Financing Receivable, Credit Quality Indicator [Line Items]
Nonaccrual loans	133,000,000	129,000,000
Retained loans	64,332,000,000	63,192,000,000
Additional commitments to lend to borrowers whose loans have been modified as FDM's	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
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	53,000,000	76,000,000
Retained loans	54,000,000	101,000,000
Consumer, excluding credit card | Auto and other | California
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	9,736,000,000	9,689,000,000
Consumer, excluding credit card | Auto and other | Texas
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	7,434,000,000	7,216,000,000
Consumer, excluding credit card | Auto and other | Florida
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	5,013,000,000	4,847,000,000
Consumer, excluding credit card | Auto and other | New York
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	4,411,000,000	4,345,000,000
Consumer, excluding credit card | Auto and other | Illinois
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	2,916,000,000	2,839,000,000
Consumer, excluding credit card | Auto and other | New Jersey
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	2,292,000,000	2,219,000,000
Consumer, excluding credit card | Auto and other | Pennsylvania
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	1,823,000,000	1,822,000,000
Consumer, excluding credit card | Auto and other | Georgia
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	1,760,000,000	1,708,000,000
Consumer, excluding credit card | Auto and other | Ohio
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	1,631,000,000	1,603,000,000
Consumer, excluding credit card | Auto and other | Arizona
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	1,570,000,000	1,551,000,000
Consumer, excluding credit card | Auto and other | All other
Financing Receivable, Credit Quality Indicator [Line Items]
Retained loans	$ 25,746,000,000	$ 25,353,000,000

Loans - Credit Card Loan Portfo

Loans - Credit Card Loan Portfolio, Delinquency Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total retained loans	$ 1,084,850	$ 1,018,397	$ 1,089,598
Total gross charge-offs	1,451	$ 976
Credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving loans within the revolving period	179,279		184,379
Revolving loans converted to term loans	800		796
Total retained loans	$ 180,079		$ 185,175
% of 30 plus days past due to total retained loans, Revolving loans within the revolving period	1.63%		1.40%
% of 30 plus days past due to total retained loans, Revolving loans converted to term loans	12.25%		12.56%
% of 30 plus days past due to total retained loans	1.68%		1.45%
% of 90 plus days past due to total retained loans, Revolving loans within the revolving period	0.82%		0.67%
% of 90 plus days past due to total retained loans, Revolving loans converted to term loans	4.13%		4.52%
% of 90 plus days past due to total retained loans	0.83%		0.68%
Gross charge-offs originated within the revolving period	$ 1,075
Gross charge-offs originated converted to term loans	36
Total gross charge-offs	1,111
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	176,353		$ 181,793
Revolving loans converted to term loans	702		696
Total retained loans	177,055		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	1,462		1,356
Revolving loans converted to term loans	65		64
Total retained loans	1,527		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	1,464		1,230
Revolving loans converted to term loans	33		36
Total retained loans	$ 1,497		$ 1,266

Loans - Credit Card Loan Port_2

Loans - Credit Card Loan Portfolio, Other Credit Quality Indicators (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 1,084,850	$ 1,089,598	$ 1,018,397
Credit card
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 180,079	$ 185,175
Percentage of portfolio based on carrying value with estimated refreshed FICO scores, Equal to or greater than 660	85.30%	86.80%
Percentage of portfolio based on carrying value with estimated refreshed FICO scores, Less than 660	14.50%	13%
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	$ 27,424	$ 28,154
Credit card | Texas
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	18,924	19,171
Credit card | New York
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	14,657	15,046
Credit card | Florida
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	12,778	12,905
Credit card | Illinois
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	9,781	10,089
Credit card | New Jersey
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	7,410	7,643
Credit card | Ohio
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	5,545	5,792
Credit card | Colorado
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	5,420	5,493
Credit card | Pennsylvania
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	5,231	5,517
Credit card | Arizona
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	4,392	4,487
Credit card | All other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 68,517	$ 70,878

Loans - Credit Card Portfolio,

Loans - Credit Card Portfolio, Loan Modifications, Narrative (Details) - Credit card	3 Months Ended
	Mar. 31, 2023 USD ($) loan_payment	Mar. 31, 2022 USD ($)
Financing Receivable, Troubled Debt Restructuring [Line Items]
Fixed payment plan period	60 months
Loans subject to a trial modification	$ 24,000,000
Amortized cost basis	$ 0	$ 9,000,000
Number of payments past due considered payment default for modified loans | loan_payment	2

Loans - Credit Card Portfolio_2

Loans - Credit Card Portfolio, Information on FDMs and Payment Status (Details) - Credit card - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 163
Current and less than 30 days past due and still accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	113
30–89 days past due and still accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	30
90 or more days past due and still accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	20
Term extension and interest rate reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 163
% of loan modifications to total retained credit card loans	0.09%
Weighted average contractual interest rate	3.50%	22.62%

Loans - Credit Card Portfolio_3

Loans - Credit Card Portfolio, Financial Effects of Modifications and Redefaults (Details) - Credit card - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Financing Receivable, Troubled Debt Restructuring [Line Items]
New enrollments, percent of total retained credit card loans (less than)		1%
Balance of new TDRs		$ 82,000,000
Weighted-average interest rate of loans – before TDR		18%
Weighted-average interest rate of loans – after TDR		4.87%
Balance of loans that redefaulted within one year of modification	$ 0	$ 9,000,000
Number of years before payment default under a modified loan		1 year

Loans - Wholesale Loan Portfoli

Loans - Wholesale Loan Portfolio, Internal Risk Ratings (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 1,084,850	$ 1,018,397	$ 1,089,598
Loans by origination year
Total retained loans	1,084,850	1,018,397	1,089,598
Gross charge-offs by origination year
Total gross charge-offs	1,451	976
Wholesale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 604,324	569,953	$ 603,670
% of investment-grade to total retained loans	70.30%		70.47%
% of total criticized to total retained loans	2.89%		2.60%
% of criticized nonaccrual to total retained loans	0.37%		0.33%
Loans by origination year
Total retained loans	$ 604,324	569,953	$ 603,670
Gross charge-offs by origination year
Total gross charge-offs	105	$ 52
Wholesale | Investment-grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	424,855		425,412
Loans by origination year
Total retained loans	424,855		425,412
Wholesale | Total noninvestment-grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	179,469		178,258
Loans by origination year
Total retained loans	179,469		178,258
Wholesale | Noncriticized
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	162,029		162,553
Loans by origination year
Total retained loans	162,029		162,553
Wholesale | Criticized performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	15,229		13,742
Loans by origination year
Total retained loans	15,229		13,742
Wholesale | Criticized nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	2,211		1,963
Loans by origination year
Total retained loans	2,211		1,963
Wholesale | Secured by real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 127,389		$ 126,732
% of investment-grade to total retained loans	77.95%		78.55%
% of total criticized to total retained loans	3.56%		3.08%
% of criticized nonaccrual to total retained loans	0.27%		0.19%
Loans by origination year
Term loans originated in 2023/2022	$ 2,530		$ 30,206
Term loans originated in 2022/2021	30,521		28,009
Term loans originated in 2021/2020	28,175		17,805
Term loans originated in 2020/2019	17,302		18,164
Term loans originated in 2019/2018	17,899		7,672
Term loans originated prior to 2019/2018	29,145		22,948
Revolving loans within the revolving period	1,816		1,926
Revolving loans converted to term loans	1		2
Total retained loans	127,389		126,732
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	0
Gross charge-offs originated prior to 2019	8
Gross charge-offs originated within the revolving period	0
Gross charge-offs originated converted to term loans	0
Total gross charge-offs	8
Wholesale | Secured by real estate | Investment-grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	99,301		99,552
Loans by origination year
Term loans originated in 2023/2022	1,691		24,134
Term loans originated in 2022/2021	23,975		22,407
Term loans originated in 2021/2020	22,370		14,773
Term loans originated in 2020/2019	14,280		14,666
Term loans originated in 2019/2018	14,266		5,277
Term loans originated prior to 2019/2018	21,517		17,289
Revolving loans within the revolving period	1,202		1,006
Revolving loans converted to term loans	0		0
Total retained loans	99,301		99,552
Wholesale | Secured by real estate | Total noninvestment-grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	28,088		27,180
Loans by origination year
Term loans originated in 2023/2022	839		6,072
Term loans originated in 2022/2021	6,546		5,602
Term loans originated in 2021/2020	5,805		3,032
Term loans originated in 2020/2019	3,022		3,498
Term loans originated in 2019/2018	3,633		2,395
Term loans originated prior to 2019/2018	7,628		5,659
Revolving loans within the revolving period	614		920
Revolving loans converted to term loans	1		2
Total retained loans	28,088		27,180
Wholesale | Secured by real estate | Noncriticized
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	23,550		23,272
Loans by origination year
Total retained loans	23,550		23,272
Wholesale | Secured by real estate | Criticized performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	4,200		3,662
Loans by origination year
Total retained loans	4,200		3,662
Wholesale | Secured by real estate | Criticized nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 338		$ 246
% of criticized nonaccrual to total retained loans	0.27%		0.19%
Loans by origination year
Total retained loans	$ 338		$ 246
Wholesale | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 168,748		$ 167,660
% of investment-grade to total retained loans	45.51%		45.49%
% of total criticized to total retained loans	6.49%		5.96%
% of criticized nonaccrual to total retained loans	0.75%		0.61%
Loans by origination year
Term loans originated in 2023/2022	$ 14,525		$ 45,160
Term loans originated in 2022/2021	34,578		20,782
Term loans originated in 2021/2020	18,728		6,504
Term loans originated in 2020/2019	5,631		4,501
Term loans originated in 2019/2018	3,550		1,273
Term loans originated prior to 2019/2018	2,859		2,003
Revolving loans within the revolving period	88,793		87,354
Revolving loans converted to term loans	84		83
Total retained loans	168,748		167,660
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	16
Gross charge-offs originated in 2020	1
Gross charge-offs originated in 2019	2
Gross charge-offs originated prior to 2019	3
Gross charge-offs originated within the revolving period	63
Gross charge-offs originated converted to term loans	1
Total gross charge-offs	86
Wholesale | Commercial and industrial | Investment-grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	76,797		76,275
Loans by origination year
Term loans originated in 2023/2022	8,780		21,072
Term loans originated in 2022/2021	14,073		8,338
Term loans originated in 2021/2020	7,567		3,045
Term loans originated in 2020/2019	2,643		1,995
Term loans originated in 2019/2018	1,396		748
Term loans originated prior to 2019/2018	1,450		989
Revolving loans within the revolving period	40,887		40,087
Revolving loans converted to term loans	1		1
Total retained loans	76,797		76,275
Wholesale | Commercial and industrial | Total noninvestment-grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	91,951		91,385
Loans by origination year
Term loans originated in 2023/2022	5,745		24,088
Term loans originated in 2022/2021	20,505		12,444
Term loans originated in 2021/2020	11,161		3,459
Term loans originated in 2020/2019	2,988		2,506
Term loans originated in 2019/2018	2,154		525
Term loans originated prior to 2019/2018	1,409		1,014
Revolving loans within the revolving period	47,906		47,267
Revolving loans converted to term loans	83		82
Total retained loans	91,951		91,385
Wholesale | Commercial and industrial | Noncriticized
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	80,992		81,393
Loans by origination year
Total retained loans	80,992		81,393
Wholesale | Commercial and industrial | Criticized performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	9,696		8,974
Loans by origination year
Total retained loans	9,696		8,974
Wholesale | Commercial and industrial | Criticized nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	1,263		1,018
Loans by origination year
Total retained loans	1,263		1,018
Wholesale | Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 308,187		$ 309,278
% of investment-grade to total retained loans	80.72%		80.70%
% of total criticized to total retained loans	0.63%		0.58%
% of criticized nonaccrual to total retained loans	0.20%		0.23%
Loans by origination year
Term loans originated in 2023/2022	$ 13,134		$ 48,950
Term loans originated in 2022/2021	39,867		22,960
Term loans originated in 2021/2020	21,078		14,836
Term loans originated in 2020/2019	14,051		5,228
Term loans originated in 2019/2018	5,062		2,610
Term loans originated prior to 2019/2018	8,988		7,726
Revolving loans within the revolving period	203,146		203,289
Revolving loans converted to term loans	2,861		3,679
Total retained loans	308,187		309,278
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	5
Gross charge-offs originated in 2020	5
Gross charge-offs originated in 2019	0
Gross charge-offs originated prior to 2019	0
Gross charge-offs originated within the revolving period	1
Gross charge-offs originated converted to term loans	0
Total gross charge-offs	11
Wholesale | Other | Investment-grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	248,757		249,585
Loans by origination year
Term loans originated in 2023/2022	10,340		32,121
Term loans originated in 2022/2021	25,435		15,864
Term loans originated in 2021/2020	14,913		13,015
Term loans originated in 2020/2019	12,359		4,529
Term loans originated in 2019/2018	4,370		2,159
Term loans originated prior to 2019/2018	8,158		7,251
Revolving loans within the revolving period	170,325		171,049
Revolving loans converted to term loans	2,857		3,597
Total retained loans	248,757		249,585
Wholesale | Other | Total noninvestment-grade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	59,430		59,693
Loans by origination year
Term loans originated in 2023/2022	2,794		16,829
Term loans originated in 2022/2021	14,432		7,096
Term loans originated in 2021/2020	6,165		1,821
Term loans originated in 2020/2019	1,692		699
Term loans originated in 2019/2018	692		451
Term loans originated prior to 2019/2018	830		475
Revolving loans within the revolving period	32,821		32,240
Revolving loans converted to term loans	4		82
Total retained loans	59,430		59,693
Wholesale | Other | Noncriticized
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	57,487		57,888
Loans by origination year
Total retained loans	57,487		57,888
Wholesale | Other | Criticized performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	1,333		1,106
Loans by origination year
Total retained loans	1,333		1,106
Wholesale | Other | Criticized nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	610		699
Loans by origination year
Total retained loans	$ 610		$ 699

Loans - Wholesale Loan Portfo_2

Loans - Wholesale Loan Portfolio, Loans Secured by Real Estate (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 1,084,850	$ 1,089,598	$ 1,018,397
Wholesale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 604,324	$ 603,670	$ 569,953
% of criticized to total retained loans secured by real estate	2.89%	2.60%
% of criticized nonaccrual loans to total retained loans secured by real estate	0.37%	0.33%
Wholesale | Criticized nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 2,211	$ 1,963
Wholesale | Secured by real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 127,389	$ 126,732
% of criticized to total retained loans secured by real estate	3.56%	3.08%
% of criticized nonaccrual loans to total retained loans secured by real estate	0.27%	0.19%
Wholesale | Secured by real estate | Criticized
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 4,538	$ 3,908
% of criticized to total retained loans secured by real estate	3.56%	3.08%
Wholesale | Secured by real estate | Criticized nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 338	$ 246
% of criticized nonaccrual loans to total retained loans secured by real estate	0.27%	0.19%
Wholesale | Secured by real estate | Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 79,374	$ 79,139
Wholesale | Secured by real estate | Multifamily | Criticized
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 2,212	$ 1,916
% of criticized to total retained loans secured by real estate	2.79%	2.42%
Wholesale | Secured by real estate | Multifamily | Criticized nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 60	$ 51
% of criticized nonaccrual loans to total retained loans secured by real estate	0.08%	0.06%
Wholesale | Secured by real estate | Other commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 48,015	$ 47,593
Wholesale | Secured by real estate | Other commercial | Criticized
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 2,326	$ 1,992
% of criticized to total retained loans secured by real estate	4.84%	4.19%
Wholesale | Secured by real estate | Other commercial | Criticized nonaccrual
Accounts, Notes, Loans and Financing Receivable [Line Items]
Retained loans	$ 278	$ 195
% of criticized nonaccrual loans to total retained loans secured by real estate	0.58%	0.41%

Loans - Wholesale Loan Portfo_3

Loans - Wholesale Loan Portfolio, Geographic Distribution and Delinquency (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Financing Receivable, Past Due [Line Items]
Retained loans	$ 1,084,850	$ 1,089,598	$ 1,018,397
Wholesale
Financing Receivable, Past Due [Line Items]
Retained loans	604,324	603,670	$ 569,953
Wholesale | Criticized nonaccrual
Financing Receivable, Past Due [Line Items]
Retained loans	2,211	1,963
Wholesale | Current and less than 30 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	599,015	599,009
Wholesale | 30–89 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	2,957	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	482,116	479,589
Wholesale | Total non-U.S.
Financing Receivable, Past Due [Line Items]
Retained loans	122,208	124,081
Wholesale | Secured by real estate
Financing Receivable, Past Due [Line Items]
Retained loans	127,389	126,732
Wholesale | Secured by real estate | Criticized nonaccrual
Financing Receivable, Past Due [Line Items]
Retained loans	338	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	126,781	126,083
Wholesale | Secured by real estate | 30–89 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	270	402
Wholesale | Secured by real estate | 90 or more days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	0	1
Wholesale | Secured by real estate | Total U.S.
Financing Receivable, Past Due [Line Items]
Retained loans	124,360	123,740
Wholesale | Secured by real estate | Total non-U.S.
Financing Receivable, Past Due [Line Items]
Retained loans	3,029	2,992
Wholesale | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Retained loans	168,748	167,660
Wholesale | Commercial and industrial | Criticized nonaccrual
Financing Receivable, Past Due [Line Items]
Retained loans	1,263	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	166,249	165,415
Wholesale | Commercial and industrial | 30–89 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	1,160	1,127
Wholesale | Commercial and industrial | 90 or more days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	76	100
Wholesale | Commercial and industrial | Total U.S.
Financing Receivable, Past Due [Line Items]
Retained loans	127,826	125,324
Wholesale | Commercial and industrial | Total non-U.S.
Financing Receivable, Past Due [Line Items]
Retained loans	40,922	42,336
Wholesale | Other
Financing Receivable, Past Due [Line Items]
Retained loans	308,187	309,278
Wholesale | Other | Criticized nonaccrual
Financing Receivable, Past Due [Line Items]
Retained loans	610	699
Wholesale | Other | Current and less than 30 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	305,985	307,511
Wholesale | Other | 30–89 days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	1,527	1,015
Wholesale | Other | 90 or more days past due and still accruing
Financing Receivable, Past Due [Line Items]
Retained loans	65	53
Wholesale | Other | Total U.S.
Financing Receivable, Past Due [Line Items]
Retained loans	229,930	230,525
Wholesale | Other | Total non-U.S.
Financing Receivable, Past Due [Line Items]
Retained loans	$ 78,257	$ 78,753

Loans - Wholesale Loan Portfo_4

Loans - Wholesale Loan Portfolio, Nonaccrual (Details) - Wholesale - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Nonaccrual [Line Items]
With an allowance	$ 1,398	$ 1,345
Without an allowance	813	618
Total nonaccrual loans	2,211	1,963
Secured by real estate
Financing Receivable, Nonaccrual [Line Items]
With an allowance	219	172
Without an allowance	119	74
Total nonaccrual loans	338	246
Commercial and industrial
Financing Receivable, Nonaccrual [Line Items]
With an allowance	795	686
Without an allowance	468	332
Total nonaccrual loans	1,263	1,018
Other
Financing Receivable, Nonaccrual [Line Items]
With an allowance	384	487
Without an allowance	226	212
Total nonaccrual loans	$ 610	$ 699

Loans - Wholesale Loan Portfo_5

Loans - Wholesale Loan Portfolio, Information on FDMs and Payment Status (Details) - Wholesale - Commercial and industrial $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 373
Criticized nonaccrual
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	157
Current and less than 30 days past due and still accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	212
30–89 days past due and still accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	4
90 or more days past due and still accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	0
Term extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 280
% of loan modifications to total retained credit card loans	0.17%
Weighted-average term loan extensions	8 months
Other-than-insignificant payment delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 49
% of loan modifications to total retained credit card loans	0.03%
Term extension and principal forgiveness
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 44
% of loan modifications to total retained credit card loans	0.03%
Weighted-average term loan extensions	64 months
Reduction in amortized cost basis	$ 23

Loans - Wholesale Loan Portfo_6

Loans - Wholesale Loan Portfolio, FDMs that Re-defaulted (Details) - Wholesale - Commercial and industrial - 30 or more days past due $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 4
Term extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 4

Loans - Wholesale Loan Portfo_7

Loans - Wholesale Loan Portfolio, Loan Modifications, Narrative (Details) - Wholesale - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Financing Receivable, Troubled Debt Restructuring [Line Items]
Carrying value of new TDRs		$ 418,000,000
Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Additional commitments to lend to borrowers whose loans have been modified as FDM's	$ 909,000,000
Amortized cost of modified loans	373,000,000
Other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Additional commitments to lend to borrowers whose loans have been modified as FDM's	0
Amortized cost of modified loans	$ 63,000,000
Weighted-average term loan extensions	4 months
Secured by real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Additional commitments to lend to borrowers whose loans have been modified as FDM's	$ 0
Amortized cost of modified loans	$ 0

Allowance for Credit Losses - N

Allowance for Credit Losses - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Decrease to allowance for credit losses	$ (20,053)	$ (19,726)	$ (17,192)	$ (16,386)
Increase to retained earnings	303,082	292,332	285,899
Allowance for credit losses	22,800
Net addition to the allowance for credit losses	1,100
Wholesale
Financing Receivable, Allowance for Credit Loss [Line Items]
Decrease to allowance for credit losses	(6,987)	(6,486)	(5,048)	(4,371)
Net addition to the allowance for credit losses	726
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Net addition to the allowance for credit losses	416
Retained earnings
Financing Receivable, Allowance for Credit Loss [Line Items]
Increase to retained earnings	$ 306,208	296,456	$ 277,177	$ 272,268
Cumulative effect of change in accounting principles
Financing Receivable, Allowance for Credit Loss [Line Items]
Decrease to allowance for credit losses		587
Cumulative effect of change in accounting principles | Wholesale
Financing Receivable, Allowance for Credit Loss [Line Items]
Decrease to allowance for credit losses		(2)
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 | Retained earnings
Financing Receivable, Allowance for Credit Loss [Line Items]
Increase to retained earnings		$ 446

Allowance for Credit Losses - S

Allowance for Credit Losses - Summary (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Allowance for loan losses
Beginning balance	$ 19,726	$ 16,386
Gross charge-offs	1,451	976
Gross recoveries collected	(314)	(394)
Net charge-offs/(recoveries)	1,137	582
Provision for loan losses	2,047	1,368
Other	4	20
Ending balance	20,053	17,192
Allowance for lending-related commitments
Beginning balance	2,382	2,261
Provision for lending-related commitments	(13)	96
Other	1	1
Ending balance	2,370	2,358
Total allowance for investment securities	90	41	$ 96
Total allowance for credit losses	22,513	19,591
Allowance for loan losses by impairment methodology
Asset-specific	(593)	103
Portfolio-based	20,646	17,089
Total allowance for loan losses	20,053	17,192	19,726
Loans by impairment methodology
Asset-specific	5,749	16,910
Portfolio-based	1,079,101	1,001,487
Total retained loans	1,084,850	1,018,397	1,089,598
Allowance for lending-related commitments by impairment methodology
Asset-specific	45	139
Portfolio-based	2,325	2,219
Total allowance for lending-related commitments	2,370	2,358	2,382
Lending-related commitments by impairment methodology
Asset-specific	401	767
Portfolio-based	488,169	495,417
Total lending-related commitments	488,570	496,184
Cumulative effect of change in accounting principles
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	20
Corporate
Lending-related commitments by impairment methodology
Allowance for credit losses associated with other assets	241
Collateral-dependent loans
Allowance for loan losses
Net charge-offs/(recoveries)	22	2
Collateral-dependent loans
Loans measured at fair value of collateral less cost to sell	4,125	4,809
Consumer, excluding credit card
Allowance for loan losses
Beginning balance	2,040	1,765
Gross charge-offs	235	204
Gross recoveries collected	(103)	(158)
Net charge-offs/(recoveries)	132	46
Provision for loan losses	247	175
Other	0	0
Ending balance	1,666	1,894
Allowance for lending-related commitments
Beginning balance	76	113
Provision for lending-related commitments	1	(2)
Other	0	0
Ending balance	77	111
Total allowance for credit losses	1,743	2,005
Allowance for loan losses by impairment methodology
Asset-specific	(1,030)	(644)
Portfolio-based	2,696	2,538
Total allowance for loan losses	1,666	1,894	2,040
Loans by impairment methodology
Asset-specific	3,560	13,186
Portfolio-based	296,887	282,975
Total retained loans	300,447	296,161	300,753
Allowance for lending-related commitments by impairment methodology
Asset-specific	0	0
Portfolio-based	77	111
Total allowance for lending-related commitments	77	111	76
Lending-related commitments by impairment methodology
Asset-specific	0	0
Portfolio-based	21,569	31,847
Total lending-related commitments	21,569	31,847
Credit card lending-related commitments not permitted to have an allowance for credit losses	16,000	15,300
Consumer, excluding credit card | Cumulative effect of change in accounting principles
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	(5)
Collateral-dependent loans
Loans measured at fair value of collateral less cost to sell	3,539	4,144
Credit card
Allowance for loan losses
Beginning balance	11,200	10,250
Gross charge-offs	1,111	720
Gross recoveries collected	(189)	(214)
Net charge-offs/(recoveries)	922	506
Provision for loan losses	1,222	506
Other	0	0
Ending balance	11,400	10,250
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	11,400	10,250
Allowance for loan losses by impairment methodology
Asset-specific	0	262
Portfolio-based	11,400	9,988
Total allowance for loan losses	11,400	10,250	11,200
Loans by impairment methodology
Asset-specific	0	901
Portfolio-based	180,079	151,382
Total retained loans	180,079	152,283
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	861,200	757,300
Credit card | Cumulative effect of change in accounting principles
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	105	52
Gross recoveries collected	(22)	(22)
Net charge-offs/(recoveries)	83	30
Provision for loan losses	578	687
Other	4	20
Ending balance	6,987	5,048
Allowance for lending-related commitments
Beginning balance	2,306	2,148
Provision for lending-related commitments	(14)	98
Other	1	1
Ending balance	2,293	2,247
Total allowance for credit losses	9,280	7,295
Allowance for loan losses by impairment methodology
Asset-specific	437	485
Portfolio-based	6,550	4,563
Total allowance for loan losses	6,987	5,048	6,486
Loans by impairment methodology
Asset-specific	2,189	2,823
Portfolio-based	602,135	567,130
Total retained loans	604,324	569,953	603,670
Allowance for lending-related commitments by impairment methodology
Asset-specific	45	139
Portfolio-based	2,248	2,108
Total allowance for lending-related commitments	2,293	2,247	2,306
Lending-related commitments by impairment methodology
Asset-specific	401	767
Portfolio-based	466,600	463,570
Total lending-related commitments	467,001	464,337
Credit card lending-related commitments not permitted to have an allowance for credit losses	17,500	32,900
Wholesale | Cumulative effect of change in accounting principles
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)	18	7
Collateral-dependent loans
Loans measured at fair value of collateral less cost to sell	$ 586	$ 665

Variable Interest Entities - Fi

Variable Interest Entities - Firm Sponsored VIEs (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Total assets held by securitization VIEs	$ 228,150,000,000	$ 229,986,000,000
Retained securitization interests, risk-rated 'A' or better, at fair value	83%	84%
Corporate & Investment Bank
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Senior securities purchased in connection with CIB's secondary market-making activities	$ 3,000,000	$ 134,000,000
Subordinated securities purchased in connection with CIB's secondary market-making activities	0	34,000,000
Residential mortgage | Investment-grade
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Fair value of retained interests	2,800,000,000	2,600,000,000
Residential mortgage | Prime / Alt-A & option ARMs
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Total assets held by securitization VIEs	55,451,000,000	55,362,000,000
Residential mortgage | Subprime
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Total assets held by securitization VIEs	9,515,000,000	9,709,000,000
Commercial and other
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Total assets held by securitization VIEs	163,184,000,000	164,915,000,000
Commercial and other | Investment-grade
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Fair value of retained interests	5,800,000,000	5,800,000,000
Commercial and other | Noninvestment-grade
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Fair value of retained interests	1,100,000,000	1,100,000,000
VIEs consolidated by the Firm
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Assets held in consolidated securitization VIEs	735,000,000	754,000,000
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	735,000,000	754,000,000
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	0	0
Nonconsolidated entities
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Assets held in nonconsolidated securitization VIEs with continuing involvement	165,731,000,000	165,838,000,000
Interest in securitized assets in nonconsolidated VIEs	9,670,000,000	9,603,000,000
Nonconsolidated entities | Trading assets
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	1,650,000,000	1,642,000,000
Nonconsolidated entities | Investment securities
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	7,357,000,000	7,291,000,000
Nonconsolidated entities | Other financial assets
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	663,000,000	670,000,000
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	37,836,000,000	37,058,000,000
Interest in securitized assets in nonconsolidated VIEs	2,798,000,000	2,662,000,000
Nonconsolidated entities | Residential mortgage | Subprime
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Assets held in nonconsolidated securitization VIEs with continuing involvement	1,701,000,000	1,743,000,000
Interest in securitized assets in nonconsolidated VIEs	16,000,000	10,000,000
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	839,000,000	744,000,000
Nonconsolidated entities | Residential mortgage | Trading assets | Subprime
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	16,000,000	10,000,000
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	1,959,000,000	1,918,000,000
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	0	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	126,194,000,000	127,037,000,000
Interest in securitized assets in nonconsolidated VIEs	6,856,000,000	6,931,000,000
Nonconsolidated entities | Commercial and other | Trading assets
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	795,000,000	888,000,000
Nonconsolidated entities | Commercial and other | Investment securities
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	5,398,000,000	5,373,000,000
Nonconsolidated entities | Commercial and other | Other financial assets
Firm sponsored mortgage and other consumer securitization trusts [Abstract]
Interest in securitized assets in nonconsolidated VIEs	$ 663,000,000	$ 670,000,000

Variable Interest Entities - Re

Variable Interest Entities - Re-securitizations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Transfers of securities to VIEs
U.S. GSEs and government agencies	$ 3,406	$ 6,076
U.S. GSEs and government agencies | Nonconsolidated re-securitization VIEs
Variable Interest Entity [Line Items]
Interest in VIEs	$ 3,411		$ 2,580

Variable Interest Entities - Mu

Variable Interest Entities - Multi-seller conduits (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Unfunded lending-related commitments	$ 1,383,325	$ 1,326,782
Multi-seller conduits
Variable Interest Entity [Line Items]
Commercial paper eliminated in consolidation	10,400	13,800
Multi-seller conduits | Commercial and other
Variable Interest Entity [Line Items]
Unfunded lending-related commitments	$ 9,800	$ 10,600

Variable Interest Entities - Co

Variable Interest Entities - Consolidated VIE Assets and Liabilities (Details) - USD ($) $ in Millions		Mar. 31, 2023		Dec. 31, 2022		Mar. 31, 2022
Information on assets and liabilities related to VIEs that are consolidated by the Firm [Abstract]
Trading assets		$ 578,892		$ 453,799
Loans		1,108,843		1,115,921
Other		181,795		182,884
Total assets		3,744,305	[1]	3,665,743	[1]	$ 3,954,687
Beneficial interests in VIE assets		14,903		12,610
Total liabilities	[1]	3,441,223		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		2,033		2,151
Loans		33,242		34,411
Other		533		550
Total assets		35,808		37,112
Beneficial interests in VIE assets		14,903		12,610
Other		255		279
Total liabilities		15,158		12,889
Beneficial interests in VIE assets, long term		1,100		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		0		0
Loans		8,948		9,699
Other		84		100
Total assets		9,032		9,799
Beneficial interests in VIE assets		999		1,999
Other		2		2
Total liabilities		1,001		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		4		0
Loans		22,397		22,819
Other		162		170
Total assets		22,563		22,989
Beneficial interests in VIE assets		12,175		9,236
Other		29		39
Total liabilities		12,204		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		1,965		2,089
Loans		0		0
Other		24		7
Total assets		1,989		2,096
Beneficial interests in VIE assets		1,593		1,232
Other		8		10
Total liabilities		1,601		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		0		0
Loans		764		781
Other		10		10
Total assets		774		791
Beneficial interests in VIE assets		136		143
Other		61		67
Total liabilities		197		210
VIEs consolidated by the Firm | Other
Information on assets and liabilities related to VIEs that are consolidated by the Firm [Abstract]
Trading assets		64		62
Loans		1,133		1,112
Other		253		263
Total assets		1,450		1,437
Beneficial interests in VIE assets		0		0
Other		155		161
Total liabilities		$ 155		$ 161
[1]The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at March 31, 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 13 for a further discussion. (in millions) March 31, 2023 December 31, 2022 Assets Trading assets $ 2,033 $ 2,151 Loans 33,242 34,411 All other assets 533 550 Total assets $ 35,808 $ 37,112 Liabilities Beneficial interests issued by consolidated VIEs $ 14,903 $ 12,610 All other liabilities 255 279 Total liabilities $ 15,158 $ 12,889

Variable Interest Entities - VI

Variable Interest Entities - VIEs Sponsored by Third Parties (Details) - USD ($) $ in Millions	Mar. 31, 2023		Dec. 31, 2022		Mar. 31, 2022
Variable Interest Entity [Line Items]
Fair value of assets held by VIE	$ 3,744,305	[1]	$ 3,665,743	[1]	$ 3,954,687
Nonconsolidated entities | Tax credit vehicles
Variable Interest Entity [Line Items]
Maximum exposure	30,200		30,200
Unfunded commitments	10,700		10,600
Nonconsolidated entities | Municipal bond vehicles
Variable Interest Entity [Line Items]
Maximum exposure	5,900		5,800
Fair value of assets held by VIE	$ 8,400		$ 8,200
[1]The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at March 31, 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 13 for a further discussion. (in millions) March 31, 2023 December 31, 2022 Assets Trading assets $ 2,033 $ 2,151 Loans 33,242 34,411 All other assets 533 550 Total assets $ 35,808 $ 37,112 Liabilities Beneficial interests issued by consolidated VIEs $ 14,903 $ 12,610 All other liabilities 255 279 Total liabilities $ 15,158 $ 12,889

Variable Interest Entities - Se

Variable Interest Entities - Securitization Activity (Details) - Nonconsolidated entities - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Residential mortgage
Securitization activity
Principal securitized	$ 1,073	$ 6,495
All cash flows during the period:
Proceeds received from loan sales as financial instruments	1,030	6,375
Servicing fees collected	6	24
Cash flows received on interests	74	155
Commercial and other
Securitization activity
Principal securitized	0	3,108
All cash flows during the period:
Proceeds received from loan sales as financial instruments	0	3,106
Servicing fees collected	0	0
Cash flows received on interests	$ 87	$ 71

Variable Interest Entities - Lo

Variable Interest Entities - Loans Sold to Third-Party Sponsored Securitization Entities (Details) - Nonconsolidated entities - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Summary of loan sale activities
Carrying value of loans sold	$ 2,698	$ 23,668
Proceeds received from loan sales as cash	7	9
Proceeds from loans sales as securities	2,662	23,258
Total proceeds received from loan sales	2,669	23,267
Gains/(losses) on loan sales	$ 0	$ 0

Variable Interest Entities - Sc

Variable Interest Entities - Schedule of Options to Repurchase Delinquent Loans (Details) - Nonconsolidated entities - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Loans repurchased or option to repurchase	$ 709	$ 839
Real estate acquired through foreclosure	10	10
Residential mortgage
Variable Interest Entity [Line Items]
Real estate acquired through foreclosure	$ 23	$ 27

Variable Interest Entities - _2

Variable Interest Entities - Loan Delinquencies and Liquidation Losses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 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 and still accruing	$ 1,587		$ 1,671
Net liquidation losses/(recoveries)	28	$ 0
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 and still accruing	863		948
Net liquidation losses/(recoveries)	19	6
Nonconsolidated entities
Information about delinquencies, net charge-offs, and components of off-balance sheet securitized financial assets [Abstract]
Securitized assets	165,731		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	126,194		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 and still accruing	528		511
Net liquidation losses/(recoveries)	7	(6)
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	37,836		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 and still accruing	196		212
Net liquidation losses/(recoveries)	2	$ 0
Subprime | Nonconsolidated entities | Residential mortgage
Information about delinquencies, net charge-offs, and components of off-balance sheet securitized financial assets [Abstract]
Securitized assets	$ 1,701		$ 1,743

Goodwill and Mortgage Servici_3

Goodwill and Mortgage Servicing Rights - by Business Segment and Corporate (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Goodwill [Line Items]
Total goodwill	$ 52,144	$ 51,662	$ 50,298	$ 50,315
Corporate
Goodwill [Line Items]
Total goodwill	664	646
Consumer & Community Banking
Goodwill [Line Items]
Total goodwill	32,121	32,121
Corporate & Investment Bank
Goodwill [Line Items]
Total goodwill	8,008	8,008
Commercial Banking
Goodwill [Line Items]
Total goodwill	2,985	2,985
Asset & Wealth Management
Goodwill [Line Items]
Total goodwill	$ 8,366	$ 7,902

Goodwill and Mortgage Servici_4

Goodwill and Mortgage Servicing Rights - Goodwill Changes During Period (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Goodwill [Roll Forward]
Balance at beginning of period	$ 51,662,000,000	$ 50,315,000,000	$ 50,315,000,000
Changes during the period from:
Business combinations	451,000,000	0
Other	31,000,000	(17,000,000)
Balance at end of period	52,144,000,000	$ 50,298,000,000	51,662,000,000
Goodwill impairment	$ 0		$ 0
CIFM
Business Acquisition [Line Items]
Percentage interest acquired	51%

Goodwill and Mortgage Servici_5

Goodwill and Mortgage Servicing Rights - Mortgage Servicing Rights (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Mortgage Servicing Rights [Roll Forward]
Fair value at beginning of period	$ 7,973	$ 5,494
MSR activity:
Originations of MSRs	32	415
Purchase of MSRs	(1)	715
Disposition of MSRs	2	(57)
Net additions/(dispositions)	33	1,073
Changes due to collection/realization of expected cash flows	(240)	(232)
Changes in valuation due to inputs and assumptions:
Changes due to market interest rates and other	(22)	894
Changes in valuation due to other inputs and assumptions:
Projected cash flows (e.g., cost to service)	0	0
Discount rates	0	0
Prepayment model changes and other	11	65
Total changes in valuation due to other inputs and assumptions	11	65
Total changes in valuation due to inputs and assumptions	(11)	959
Fair value at end of period	7,755	7,294
Changes in unrealized gains/(losses) included in income related to MSRs	(11)	959
Contractual service fees, late fees and other ancillary fees included in income	388	370
Third-party mortgage loans serviced	577,000	576,000
Servicer advances, net of an allowance for uncollectible amounts	$ 671	$ 1,426

Goodwill and Mortgage Servici_6

Goodwill and Mortgage Servicing Rights - Mortgage Fees and Related Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Risk management:
Mortgage fees and related income	$ 221	$ 460
All other	(2)	4
Consumer & Community Banking
CCB mortgage fees and related income
Production revenue	75	211
Operating revenue:
Loan servicing revenue	400	368
Changes in MSR asset fair value due to collection/realization of expected cash flows	(240)	(232)
Total operating revenue	160	136
Risk management:
Changes in MSR asset fair value due to market interest rates and other	(22)	894
Other changes in MSR asset fair value due to other inputs and assumptions in model	11	65
Changes in derivative fair value and other	(1)	(850)
Total risk management	(12)	109
Total net mortgage servicing revenue	148	245
Mortgage fees and related income	$ 223	$ 456

Goodwill and Mortgage Servici_7

Goodwill and Mortgage Servicing Rights - Key Economic Assumptions (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Weighted-average prepayment speed assumption (constant prepayment rate)	6.32%	6.12%
Impact on fair value of 10% adverse change	$ (183)	$ (183)
Impact on fair value of 20% adverse change	$ (355)	$ (356)
Weighted-average option adjusted spread	5.90%	5.77%
Impact on fair value of a 100 basis point adverse change	$ (332)	$ (341)
Impact on fair value of a 200 basis point adverse change	$ (637)	$ (655)

Deposits - Noninterest and Inte

Deposits - Noninterest and Interest-bearing (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
U.S. offices
Noninterest-bearing (included $38,803 and $26,363 at fair value)	$ 663,772	$ 644,902
Interest-bearing (included $595 and $586 at fair value)	1,290,614	1,276,346
Total deposits in U.S. offices	1,954,386	1,921,248
Non-U.S. offices
Noninterest-bearing (included $1,443 and $1,398 at fair value)	25,071	27,005
Interest-bearing (included $739 and $273 at fair value)	397,796	391,926
Total deposits in non-U.S. offices	422,867	418,931
Total deposits	2,377,253	2,340,179
Fair value
U.S. offices
Noninterest-bearing (included $38,803 and $26,363 at fair value)	38,803	26,363
Interest-bearing, fair value	595	586
Non-U.S. offices
Noninterest-bearing (included $1,443 and $1,398 at fair value)	1,443	1,398
Interest-bearing, fair value	$ 739	$ 273

Leases - Information Related to

Leases - Information Related to Operating Leases (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Right-of-use assets	$ 7,727	$ 7,782
Lease liabilities	$ 8,113	$ 8,183

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Leases [Abstract]
Net rental expense	$ 487	$ 495

Leases - Operating Lease Income

Leases - Operating Lease Income and Related Depreciation Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Leases [Abstract]
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Noninterest Income, Other	Noninterest Income, Other
Operating lease income	$ 755	$ 1,048
Depreciation expense	$ 419	$ 711

Preferred Stock (Details)

Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Millions				3 Months Ended
	Oct. 31, 2022	Oct. 03, 2022	Feb. 01, 2022	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)				2,740,375		2,740,375
Carrying value				$ 27,404		$ 27,404
Liquidation value and redemption price per share (in dollars per share)				$ 10,000
Aggregate liquidation value				$ 27,700
Series DD
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)				169,625		169,625
Carrying value				$ 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
Series DD | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
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
Carrying value				$ 1,850		$ 1,850
Issue date				Jan. 24, 2019
Contractual rate in effect				6%
Dividend declared per share (in dollars per share)				$ 150	150
Series EE | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
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
Carrying value				$ 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
Series GG | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
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
Carrying value				$ 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
Series JJ | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
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
Carrying value				$ 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
Series LL | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
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
Carrying value				$ 2,000		$ 2,000
Issue date				Jul. 29, 2021
Contractual rate in effect				4.20%
Dividend declared per share (in dollars per share)				$ 105	105
Series MM | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Earliest redemption date				Sep. 01, 2026
Series I
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)				0		0
Carrying value				$ 0		$ 0
Issue date				Apr. 23, 2008
Dividend declared per share (in dollars per share)				$ 0	92.13
Preferred stock redeemed	$ 2,930
Series I | Three-month LIBOR
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread				3.47%
Series I | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
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
Carrying value				$ 1,500		$ 1,500
Issue date				Apr. 23, 2013
Contractual rate in effect				5.15%
Dividend declared per share (in dollars per share)				$ 128.75	128.75
Series Q | Three-month LIBOR
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread				3.25%
Series Q | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
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
Carrying value				$ 1,500		$ 1,500
Issue date				Jul. 29, 2013
Contractual rate in effect				6%
Dividend declared per share (in dollars per share)				$ 150	150
Series R | Three-month LIBOR
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread				3.30%
Series R | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
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
Carrying value				$ 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
Series S | Three-month LIBOR
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]
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
Carrying value				$ 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
Series U | Three-month LIBOR
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]
Earliest redemption date				Apr. 30, 2024
Series V
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)				0		0
Carrying value				$ 0		$ 0
Issue date				Jun. 09, 2014
Dividend declared per share (in dollars per share)				$ 0	86.40
Preferred stock redeemed		$ 2,500
Series V | Three-month LIBOR
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread				3.32%
Series V | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
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
Carrying value				$ 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
Series X | Three-month LIBOR
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]
Earliest redemption date				Oct. 01, 2024
Series Z
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Shares (in shares)				0		0
Carrying value				$ 0		$ 0
Issue date				Apr. 21, 2015
Dividend declared per share (in dollars per share)				$ 0	0
Preferred stock redeemed			$ 2,000
Series Z | Three-month LIBOR
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread				3.80%
Series Z | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
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
Carrying value				$ 1,258		$ 1,258
Issue date				Oct. 20, 2017
Contractual rate in effect	4.625%			2.58%
Dividend declared per share (in dollars per share)	$ 231.25			$ 182.79	115.63
Series CC | Three-month LIBOR
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Preferred stock dividend rate, variable, basis spread				2.58%
Series CC | Minimum
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
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
Carrying value				$ 2,250		$ 2,250
Issue date				Jul. 31, 2019
Contractual rate in effect				5%
Dividend declared per share (in dollars per share)				$ 125	125
Series FF | Three-month term 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]
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
Carrying value				$ 3,000		$ 3,000
Issue date				Jan. 23, 2020
Contractual rate in effect				4.60%
Dividend declared per share (in dollars per share)				$ 115	115
Series HH | Three-month term 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]
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
Carrying value				$ 1,500		$ 1,500
Issue date				Feb. 24, 2020
Contractual rate in effect				4%
Dividend declared per share (in dollars per share)				$ 100	100
Series II | Three-month term 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]
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
Carrying value				$ 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
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]
Earliest redemption date				Jun. 01, 2026

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Basic earnings per share
Net income	$ 12,622	$ 8,282
Less: Preferred stock dividends	356	397
Net income applicable to common equity	12,266	7,885
Less: Dividends and undistributed earnings allocated to participating securities	73	40
Net income applicable to common stockholders	$ 12,193	$ 7,845
Total weighted-average basic shares outstanding (in shares)	2,968.5	2,977
Net income per share (in dollars per share)	$ 4.11	$ 2.64
Diluted earnings per share
Net income applicable to common stockholders	$ 12,193	$ 7,845
Total weighted-average basic shares outstanding (in shares)	2,968.5	2,977
Add: Dilutive impact of unvested PSUs, nondividend-earning RSUs and SARs (in shares)	4.2	4
Total weighted-average diluted shares outstanding (in shares)	2,972.7	2,981
Net income per share (in dollars per share)	$ 4.10	$ 2.63

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income/(Loss) - Rollforward (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 292,332
Net change	2,923	$ (9,483)
Ending balance	303,082	285,899
Accumulated other comprehensive income/(loss)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(17,341)	(84)
Net change	2,923	(9,483)
Ending balance	(14,418)	(9,567)
Unrealized gains/(losses) on investment securities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(9,124)	2,640
Net change	2,212	(7,453)
Ending balance	(6,912)	(4,813)
After-tax unrealized gains/ (losses) related to HTM securities that have been transferred to AFS	(29.1)
After-tax unamortized unrealized gains/(losses) related to transfer of AFS securities to HTM	(1,300)	2,200
Translation adjustments, net of hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(1,545)	(934)
Net change	197	(62)
Ending balance	(1,348)	(996)
Fair value hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(33)	(131)
Net change	(21)	110
Ending balance	(54)	(21)
Cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(5,656)	(296)
Net change	798	(2,791)
Ending balance	(4,858)	(3,087)
Defined benefit pension and OPEB plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(1,451)	(210)
Net change	(55)	67
Ending balance	(1,506)	(143)
DVA on fair value option elected liabilities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	468	(1,153)
Net change	(208)	646
Ending balance	$ 260	$ (507)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income/(Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Unrealized gains/(losses) on investment securities:
Net change, Pre-tax	$ 3,597	$ (12,390)
Net change, Tax effect	(674)	2,907
Total other comprehensive income/(loss), after–tax	2,923	(9,483)
Unrealized gains/(losses) on investment securities
Unrealized gains/(losses) on investment securities:
Net unrealized gains/(losses) arising during the period/Translation, Pre-tax	2,042	(10,202)
Net unrealized gains/(losses) arising during the period/Translation, Tax effect	(490)	2,450
Net unrealized gains/(losses) arising during the period/Translation, After-tax	1,552	(7,752)
Reclassification adjustment for realized (gains)/losses included in net income, Pre-tax	868	394
Reclassification adjustment for realized (gains)/losses included in net income, Tax effect	(208)	(95)
Reclassification adjustment for realized (gains)/losses included in net income, After-tax	660	299
Net change, Pre-tax	2,910	(9,808)
Net change, Tax effect	(698)	2,355
Total other comprehensive income/(loss), after–tax	2,212	(7,453)
Translation adjustments
Unrealized gains/(losses) on investment securities:
Net unrealized gains/(losses) arising during the period/Translation, Pre-tax	973	(341)
Net unrealized gains/(losses) arising during the period/Translation, Tax effect	(41)	24
Net unrealized gains/(losses) arising during the period/Translation, After-tax	932	(317)
Reclassification adjustment for realized (gains)/losses included in net income, Pre-tax	(963)	338
Reclassification adjustment for realized (gains)/losses included in net income, Tax effect	228	(83)
Reclassification adjustment for realized (gains)/losses included in net income, After-tax	(735)	255
Net change, Pre-tax	10	(3)
Net change, Tax effect	187	(59)
Total other comprehensive income/(loss), after–tax	197	(62)
Reclassification of pre-tax loss related to net investment hedges	(41)
Translation adjustments | Other Income
Unrealized gains/(losses) on investment securities:
Reclassification of pre-tax loss related to liquidation of legal entity	(5)
Reclassification of pre-tax loss related to net investment hedges	(41)
Fair value hedges, net change
Unrealized gains/(losses) on investment securities:
Net change, Pre-tax	(28)	145
Net change, Tax effect	7	(35)
Total other comprehensive income/(loss), after–tax	(21)	110
Cash flow hedges
Unrealized gains/(losses) on investment securities:
Net unrealized gains/(losses) arising during the period/Translation, Pre-tax	567	(3,436)
Net unrealized gains/(losses) arising during the period/Translation, Tax effect	(136)	825
Net unrealized gains/(losses) arising during the period/Translation, After-tax	431	(2,611)
Reclassification adjustment for realized (gains)/losses included in net income, Pre-tax	483	(237)
Reclassification adjustment for realized (gains)/losses included in net income, Tax effect	(116)	57
Reclassification adjustment for realized (gains)/losses included in net income, After-tax	367	(180)
Net change, Pre-tax	1,050	(3,673)
Net change, Tax effect	(252)	882
Total other comprehensive income/(loss), after–tax	798	(2,791)
Defined benefit pension and OPEB plans, net change
Unrealized gains/(losses) on investment securities:
Net change, Pre-tax	(71)	90
Net change, Tax effect	16	(23)
Total other comprehensive income/(loss), after–tax	(55)	67
DVA on fair value option elected liabilities, net change
Unrealized gains/(losses) on investment securities:
Net change, Pre-tax	(274)	859
Net change, Tax effect	66	(213)
Total other comprehensive income/(loss), after–tax	$ (208)	$ 646

Restricted Cash and Other Res_3

Restricted Cash and Other Restricted Assets (Details) - USD ($) $ in Billions	Mar. 31, 2023	Dec. 31, 2022
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash	$ 21.6	$ 26.8
Cash and securities pledged with clearing organizations for the benefit of customers	44.4	42.4
Fair value of securities restricted in relation to customer activity	27.5	31.7
Deposits with banks
Restricted Cash and Cash Equivalents Items [Line Items]
Total restricted cash	20.2	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	13.3	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	$ 8.3	$ 8.1

Regulatory Capital (Details)

Regulatory Capital (Details) $ in Millions	Mar. 31, 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	$ 3,656,598	$ 3,703,873
Tier 1 leverage ratio	0.069	0.066
Total leverage exposure	$ 4,327,863	$ 4,367,092
SLR	0.059	0.056
Basel III Standardized | JPMorgan Chase & Co.
Risk-based capital metrics:
CET1 capital	$ 227,144	$ 218,934
Tier 1 capital	253,837	245,631
Total capital	286,398	277,769
Risk-weighted assets	$ 1,647,363	$ 1,653,538
CET1 capital ratio	13.80%	13.20%
Tier 1 capital ratio	0.154	0.149
Total capital ratio	0.174	0.168
Basel III Advanced | JPMorgan Chase & Co.
Risk-based capital metrics:
CET1 capital	$ 227,144	$ 218,934
Tier 1 capital	253,837	245,631
Total capital	273,122	264,583
Risk-weighted assets	$ 1,633,774	$ 1,609,773
CET1 capital ratio	13.90%	13.60%
Tier 1 capital ratio	0.155	0.153
Total capital ratio	0.167	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%	5%
Regulatory capital, assets and risk based ratios - supplemental information
GSIB surcharge	4%
Countercyclical buffer	0
SLR, minimum requirement	0.030	0.030
SLR, supplementary leverage buffer requirements	2%	2%
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%
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%	6%
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%	3%
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	$ 3,180,721	$ 3,249,912
Tier 1 leverage ratio	0.086	0.083
Total leverage exposure	$ 3,848,373	$ 3,925,502
SLR	0.071	0.069
JPMorgan Chase Bank, N.A. | Basel III Standardized
Risk-based capital metrics:
CET1 capital	$ 273,551	$ 269,668
Tier 1 capital	273,554	269,672
Total capital	292,244	288,433
Risk-weighted assets	$ 1,584,591	$ 1,597,072
CET1 capital ratio	17.30%	16.90%
Tier 1 capital ratio	0.173	0.169
Total capital ratio	0.184	0.181
JPMorgan Chase Bank, N.A. | Basel III Advanced
Risk-based capital metrics:
CET1 capital	$ 273,551	$ 269,668
Tier 1 capital	273,554	269,672
Total capital	279,218	275,255
Risk-weighted assets	$ 1,489,078	$ 1,475,602
CET1 capital ratio	18.40%	18.30%
Tier 1 capital ratio	0.184	0.183
Total capital ratio	0.188	0.187

Off-balance Sheet Lending-rel_3

Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	$ 1,383,325	$ 1,326,782
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	995,303
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	144,162
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	213,509
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	30,351
Off-balance sheet lending-related financial commitments, Carrying value	2,788	2,817
Total Consumer
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	898,786	854,802
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	880,765
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	3,864
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	6,498
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	7,659
Off-balance sheet lending-related financial commitments, Carrying value	70	75
Total consumer, excluding credit card
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	37,568	33,518
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	19,547
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	3,864
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	6,498
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	7,659
Off-balance sheet lending-related financial commitments, Carrying value	70	75
Residential real estate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	23,343	21,287
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	7,237
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	3,863
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	6,498
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	5,745
Off-balance sheet lending-related financial commitments, Carrying value	70	75
Auto and other
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	14,225	12,231
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	12,310
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	1
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	1,914
Off-balance sheet lending-related financial commitments, Carrying value	0	0
Credit card
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	861,218	821,284
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	861,218
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	484,539	471,980
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	114,538
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	140,298
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	207,011
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	22,692
Off-balance sheet lending-related financial commitments, Carrying value	2,718	2,742
Other unfunded commitments to extend credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	453,824	440,407
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	97,803
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	131,725
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	202,649
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	21,647
Off-balance sheet lending-related financial commitments, Carrying value	2,282	2,328
Off balance sheet lending related financial instruments guarantees and other commitments - supplemental information
Risk participations for other unfunded commitments to extend credit	64	71
Standby letters of credit and other financial guarantees
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total lending-related commitments	26,755	27,439
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	13,172
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	8,279
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	4,259
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	1,045
Off-balance sheet lending-related financial commitments, Carrying value	427	408
Other guarantees and commitments, Carrying value	337	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	3,960	4,134
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring in 1 year or less	3,563
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 1 year through 3 years	294
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 3 years through 5 years	103
Off-balance sheet lending-related financial commitments, Contractual amount, Expiring after 5 years	0
Off-balance sheet lending-related financial commitments, Carrying value	9	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	350	512
Securities lending indemnification agreements and guarantees
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Other guarantees and commitments, Contractual amount	325,217	283,386
Other guarantees and commitments, Contractual amount, Expiring in 1 year or less	325,217
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	340,900	298,500
Derivatives qualifying as guarantees
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Other guarantees and commitments, Contractual amount	56,644	59,180
Other guarantees and commitments, Contractual amount, Expiring in 1 year or less	3,189
Other guarantees and commitments, Contractual amount, Expiring after 1 year through 3 years	246
Other guarantees and commitments, Contractual amount, Expiring after 3 years through 5 years	12,302
Other guarantees and commitments, Contractual amount, Expiring after 5 years	40,907
Other guarantees and commitments, Carrying value	286	649
Unsettled resale and securities borrowed agreements
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Other guarantees and commitments, Contractual amount	137,722	116,975
Other guarantees and commitments, Contractual amount, Expiring in 1 year or less	137,021
Other guarantees and commitments, Contractual amount, Expiring after 1 year through 3 years	701
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	99,485	66,407
Other guarantees and commitments, Contractual amount, Expiring in 1 year or less	98,941
Other guarantees and commitments, Contractual amount, Expiring after 1 year through 3 years	544
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	(2)	(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	816	820
Loan sale and securitization-related indemnifications, Loans sold with recourse, Carrying value	29	28
Exchange & clearing house guarantees and commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Other guarantees and commitments, Contractual amount	174,476	191,068
Other guarantees and commitments, Contractual amount, Expiring in 1 year or less	174,476
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	10,908	8,634
Other guarantees and commitments, Contractual amount, Expiring in 1 year or less	7,118
Other guarantees and commitments, Contractual amount, Expiring after 1 year through 3 years	735
Other guarantees and commitments, Contractual amount, Expiring after 3 years through 5 years	159
Other guarantees and commitments, Contractual amount, Expiring after 5 years	2,896
Other guarantees and commitments, Carrying value	$ 51	$ 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

Off-balance Sheet Lending-rel_4

Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments - Standby Letters of Credit and Other Financial Guarantees (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Standby letters of credit and other financial guarantees and other letters of credit [Abstract]
Total lending-related commitments	$ 1,383,325	$ 1,326,782
Allowance for lending-related commitments	2,370	2,382	$ 2,358	$ 2,261
Total carrying value	2,788	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	18,669	19,205
Noninvestment-grade	8,086	8,234
Total lending-related commitments	26,755	27,439
Allowance for lending-related commitments	90	82
Guarantee liability	337	326
Total carrying value	427	408
Commitments with collateral	14,843	15,296
Other letters of credit
Standby letters of credit and other financial guarantees and other letters of credit [Abstract]
Investment-grade	2,963	3,040
Noninvestment-grade	997	1,094
Total lending-related commitments	3,960	4,134
Allowance for lending-related commitments	9	6
Guarantee liability	0	0
Total carrying value	9	6
Commitments with collateral	$ 719	$ 795

Off-balance Sheet Lending-rel_5

Off-balance Sheet Lending-related Financial Instruments, Guarantees, and Other Commitments - Schedule of Derivatives Qualifying as Guarantees (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Notional amounts
Stable value contracts with contractually limited exposure	$ 60,022,000	$ 49,476,000
JPMorgan Chase Financial Company LLC
Fair value
Direct-owned finance subsidiary ownership	100%
Derivatives qualifying as guarantees
Notional amounts
Derivative guarantees	$ 56,644	59,180
Stable value contracts with contractually limited exposure	31,758	31,820
Maximum exposure of stable value contracts with contractually limited exposure	1,448	2,063
Fair value
Derivative payables	$ 286	$ 649

Pledged Assets and Collateral -

Pledged Assets and Collateral - Schedule of Pledged Assets (Details) - USD ($) $ in Millions	Mar. 31, 2023		Dec. 31, 2022		Mar. 31, 2022
Pledged assets and Collateral
Pledged assets	$ 3,744,305	[1]	$ 3,665,743	[1]	$ 3,954,687
Assets that may be sold or repledged or otherwise used by secured parties
Pledged assets and Collateral
Pledged assets	142,900		110,800
Assets that may not be sold or repledged or otherwise used by secured parties
Pledged assets and Collateral
Pledged assets	143,400		114,800
Asset pledged
Pledged assets and Collateral
Pledged assets	857,600		793,200
Assets pledged at Federal Reserve banks and FHLBs | Asset pledged
Pledged assets and Collateral
Pledged assets	$ 571,300		$ 567,600
[1]The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at March 31, 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 13 for a further discussion. (in millions) March 31, 2023 December 31, 2022 Assets Trading assets $ 2,033 $ 2,151 Loans 33,242 34,411 All other assets 533 550 Total assets $ 35,808 $ 37,112 Liabilities Beneficial interests issued by consolidated VIEs $ 14,903 $ 12,610 All other liabilities 255 279 Total liabilities $ 15,158 $ 12,889

Pledged Assets and Collateral_2

Pledged Assets and Collateral - Schedule of Collateral Received (Details) - USD ($) $ in Billions	Mar. 31, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Collateral permitted to be sold or repledged, delivered, or otherwise used	$ 1,393.1	$ 1,346.9
Collateral sold, repledged, delivered or otherwise used	$ 1,066.3	$ 1,019.4

Litigation (Details)

Litigation (Details)	1 Months Ended				2 Months Ended	3 Months Ended		12 Months Ended	36 Months Ended	40 Months Ended
	Aug. 31, 2022 USD ($)	Aug. 31, 2021 USD ($)	May 31, 2020 USD ($)	Sep. 30, 2018 USD ($)	Dec. 31, 2022 claim	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2012 USD ($) action	Dec. 31, 2012 fund	Mar. 31, 2023 USD ($)
Loss Contingencies [Line Items]
Legal expense						$ 176,000,000	$ 119,000,000
Threatened or Pending Litigation | Minimum
Loss Contingencies [Line Items]
Loss contingency range of possible loss						0				$ 0
Threatened or Pending Litigation | Maximum
Loss Contingencies [Line Items]
Loss contingency range of possible loss						$ 1,200,000,000				1,200,000,000
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%				65%
Jeffrey Epstein Litigation
Loss Contingencies [Line Items]
Number of claims filed | claim					2

Business Segments (Details)

Business Segments (Details) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($) segment		Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)	[1]
Segment Reporting Information [Line Items]
Number of reportable segments | segment	4
Noninterest revenue	$ 17,638		$ 16,845
Net interest income	20,711		13,872
Total net revenue	38,349		30,717
Provision for credit losses	2,275		1,463
Noninterest expense	20,107		19,191
Income before income tax expense	15,967		10,063
Income tax expense/(benefit)	3,345		1,781
Net income	12,622		8,282
Average equity	271,197		252,506
Total assets	$ 3,744,305	[1]	$ 3,954,687	$ 3,665,743
ROE	18%		13%
Overhead ratio	52%		62%
Operating Segments | Consumer & Community Banking
Segment Reporting Information [Line Items]
Noninterest revenue	$ 3,623		$ 3,855
Net interest income	12,833		8,327
Total net revenue	16,456		12,182
Provision for credit losses	1,402		678
Noninterest expense	8,065		7,655
Income before income tax expense	6,989		3,849
Income tax expense/(benefit)	1,746		941
Net income	5,243		2,908
Average equity	52,000		50,000
Total assets	$ 506,382		$ 486,183
ROE	40%		23%
Overhead ratio	49%		63%
Operating Segments | Corporate & Investment Bank
Segment Reporting Information [Line Items]
Noninterest revenue	$ 11,523		$ 10,004
Net interest income	2,077		3,572
Total net revenue	13,600		13,576
Provision for credit losses	58		445
Noninterest expense	7,483		7,363
Income before income tax expense	6,059		5,768
Income tax expense/(benefit)	1,638		1,396
Net income	4,421		4,372
Average equity	108,000		103,000
Total assets	$ 1,436,237		$ 1,460,463
ROE	16%		16%
Overhead ratio	55%		54%
Operating Segments | Commercial Banking
Segment Reporting Information [Line Items]
Noninterest revenue	$ 781		$ 867
Net interest income	2,730		1,531
Total net revenue	3,511		2,398
Provision for credit losses	417		157
Noninterest expense	1,308		1,129
Income before income tax expense	1,786		1,112
Income tax expense/(benefit)	439		262
Net income	1,347		850
Average equity	28,500		25,000
Total assets	$ 261,181		$ 235,127
ROE	18%		13%
Overhead ratio	37%		47%
Operating Segments | Asset & Wealth Management
Segment Reporting Information [Line Items]
Noninterest revenue	$ 3,333		$ 3,239
Net interest income	1,451		1,076
Total net revenue	4,784		4,315
Provision for credit losses	28		154
Noninterest expense	3,091		2,860
Income before income tax expense	1,665		1,301
Income tax expense/(benefit)	298		293
Net income	1,367		1,008
Average equity	16,000		17,000
Total assets	$ 232,516		$ 233,070
ROE	34%		23%
Overhead ratio	65%		66%
Corporate
Segment Reporting Information [Line Items]
Noninterest revenue	$ (755)		$ (345)
Net interest income	1,740		(536)
Total net revenue	985		(881)
Provision for credit losses	370		29
Noninterest expense	160		184
Income before income tax expense	455		(1,094)
Income tax expense/(benefit)	211		(238)
Net income	244		(856)
Average equity	66,697		57,506
Total assets	1,307,989		1,539,844
Reconciling Items
Segment Reporting Information [Line Items]
Noninterest revenue	(867)		(775)
Net interest income	(120)		(98)
Total net revenue	(987)		(873)
Provision for credit losses	0		0
Noninterest expense	0		0
Income before income tax expense	(987)		(873)
Income tax expense/(benefit)	(987)		(873)
Net income	0		0
Average equity	$ 0		$ 0
[1]The following table presents information on assets and liabilities related to VIEs that are consolidated by the Firm at March 31, 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 13 for a further discussion. (in millions) March 31, 2023 December 31, 2022 Assets Trading assets $ 2,033 $ 2,151 Loans 33,242 34,411 All other assets 533 550 Total assets $ 35,808 $ 37,112 Liabilities Beneficial interests issued by consolidated VIEs $ 14,903 $ 12,610 All other liabilities 255 279 Total liabilities $ 15,158 $ 12,889