JPMORGAN CHASE & CO | 2013 | FY | 3


Accounts payable and other liabilities
Accounts payable and other liabilities consist of payables to customers; payables to brokers, dealers and clearing organizations; payables from failed securities purchases; income taxes payables; accrued expense, including interest-bearing liabilities; and all other liabilities, including litigation reserves and obligations to return securities received as collateral.
The following table details the components of accounts payable and other liabilities.
December 31, (in millions)
 
2013

 
2012

Brokerage payables(a)
 
$
116,391

 
$
108,398

Accounts payable and other liabilities(b)
 
78,100

 
86,842

Total
 
$
194,491

 
$
195,240

(a)
Includes payables to customers, brokers, dealers and clearing organizations, and securities fails.
(b)
Includes $25 million and $36 million accounted for at fair value at December 31, 2013 and 2012, respectively.

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