The table below summarizes information about the allowances for loan losses, and lending-relating commitments, and includes a breakdown of loans and lending-related commitments by impairment methodology.



	2015
Year ended December 31, (in millions)	Consumer, excluding credit card			Credit card				Wholesale			Total
Allowance for loan losses
Beginning balance at January 1,	$	7,050		$	3,439			$	3,696		$	14,185
Gross charge-offs	1,658			3,488				95			5,241
Gross recoveries	(704		)	(366		)		(85		)	(1,155		)
Net charge-offs/(recoveries)	954			3,122				10			4,086
Write-offs of PCI loans^(a)	208			—				—			208
Provision for loan losses	(82		)	3,122				623			3,663
Other	—			(5		)		6			1
Ending balance at December 31,	$	5,806		$	3,434			$	4,315		$	13,555

Allowance for loan losses by impairment methodology
Asset-specific^(b)	$	364		$	460		^(c)	$	274		$	1,098
Formula-based	2,700			2,974				4,041			9,715
PCI	2,742			—				—			2,742
Total allowance for loan losses	$	5,806		$	3,434			$	4,315		$	13,555

Loans by impairment methodology
Asset-specific	$	9,606		$	1,465			$	1,024		$	12,095
Formula-based	293,751			129,922				356,022			779,695
PCI	40,998			—				4			41,002
Total retained loans	$	344,355		$	131,387			$	357,050		$	832,792

Impaired collateral-dependent loans
Net charge-offs	$	104		$	—			$	16		$	120
Loans measured at fair value of collateral less cost to sell	2,566			—				283			2,849

Allowance for lending-related commitments
Beginning balance at January 1,	$	13		$	—			$	609		$	622
Provision for lending-related commitments	1			—				163			164
Other	—			—				—			—
Ending balance at December 31,	$	14		$	—			$	772		$	786

Allowance for lending-related commitments by impairment methodology
Asset-specific	$	—		$	—			$	73		$	73
Formula-based	14			—				699			713
Total allowance for lending-related commitments	$	14		$	—			$	772		$	786

Lending-related commitments by impairment methodology
Asset-specific	$	—		$	—			$	193		$	193
Formula-based	58,478			515,518				366,206			940,202
Total lending-related commitments	$	58,478		$	515,518			$	366,399		$	940,395

(a)

Write-offs of PCI loans are recorded against the allowance for loan losses when actual losses for a pool exceed estimated losses that were recorded as purchase accounting adjustments at the time of acquisition. A write-off of a PCI loan is recognized when the underlying loan is removed from a pool (e.g., upon liquidation). During the fourth quarter of 2014, the Firm recorded a $291 million adjustment to reduce the PCI allowance and the recorded investment in the Firm’s PCI loan portfolio, primarily reflecting the cumulative effect of interest forgiveness modifications. This adjustment had no impact to the Firm’s Consolidated statements of income.


(b)	Includes risk-rated loans that have been placed on nonaccrual status and loans that have been modified in a TDR.


(c)	The asset-specific credit card allowance for loan losses is related to loans that have been modified in a TDR; such allowance is calculated based on the loans’ original contractual interest rates and does not consider any incremental penalty rates.

(d)

Effective January 1, 2015, the Firm no longer includes within its disclosure of wholesale lending-related commitments the unused amount of advised uncommitted lines of credit as it is within the Firm’s discretion whether or not to make a loan under these lines, and the Firm’s approval is generally required prior to funding. Prior period amounts have been revised to conform with the current period presentation.



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2014														2013
Consumer, excluding credit card			Credit card				Wholesale				Total			Consumer, excluding credit card			Credit card				Wholesale				Total

$	8,456		$	3,795			$	4,013			$	16,264		$	12,292		$	5,501			$	4,143			$	21,936
2,132			3,831				151				6,114			2,754			4,472				241				7,467
(814		)	(402		)		(139		)		(1,355		)	(847		)	(593		)		(225		)		(1,665		)
1,318			3,429				12				4,759			1,907			3,879				16				5,802
533			—				—				533			53			—				—				53
414			3,079				(269		)		3,224			(1,872		)	2,179				(119		)		188
31			(6		)		(36		)		(11		)	(4		)	(6		)		5				(5		)
$	7,050		$	3,439			$	3,696			$	14,185		$	8,456		$	3,795			$	4,013			$	16,264


$	539		$	500		^(c)	$	87			$	1,126		$	601		$	971		^(c)	$	181			$	1,753
3,186			2,939				3,609				9,734			3,697			2,824				3,832				10,353
3,325			—				—				3,325			4,158			—				—				4,158
$	7,050		$	3,439			$	3,696			$	14,185		$	8,456		$	3,795			$	4,013			$	16,264


$	12,020		$	2,029			$	637			$	14,686		$	13,785		$	3,115			$	845			$	17,745
236,263			125,998				323,861				686,122			221,609			124,350				307,412				653,371
46,696			—				4				46,700			53,055			—				6				53,061
$	294,979		$	128,027			$	324,502			$	747,508		$	288,449		$	127,465			$	308,263			$	724,177


$	133		$	—			$	21			$	154		$	235		$	—			$	37			$	272
3,025			—				326				3,351			3,105			—				362				3,467


$	8		$	—			$	697			$	705		$	7		$	—			$	661			$	668
5			—				(90		)		(85		)	1			—				36				37
—			—				2				2			—			—				—				—
$	13		$	—			$	609			$	622		$	8		$	—			$	697			$	705


$	—		$	—			$	60			$	60		$	—		$	—			$	60			$	60
13			—				549				562			8			—				637				645
$	13		$	—			$	609			$	622		$	8		$	—			$	697			$	705


$	—		$	—			$	103			$	103		$	—		$	—			$	206			$	206
58,153			525,963				366,778			^(d)	950,894			56,057			529,383				344,032			^(d)	929,472
$	58,153		$	525,963			$	366,881			$	950,997		$	56,057		$	529,383			$	344,238			$	929,678