The following table presents the regulatory capital, assets and risk-based capital ratios for JPMorgan Chase and its significant banking subsidiaries at March 31, 2013 and December 31, 2012. These amounts are determined in accordance with regulations issued by the Federal Reserve and/or OCC. The table reflects the Firm’s and JPMorgan Chase Bank, N.A.’s implementation, in the first quarter of 2013, of rules that provide for additional capital requirements for trading positions and securitizations (“Basel 2.5”). Implementation of Basel 2.5 resulted in an increase to the Firm’s RWA of approximately $150 billion, resulting in a decrease to the Firm’s Tier 1 capital and Total capital ratios of 140 basis points and 160 basis points, respectively and an increase to JPMorgan Chase Bank, N.A.’s RWA of approximately $140 billion, resulting in a decrease to JPMorgan Chase Bank, N.A.’s Tier 1 capital and Total capital ratios of 130 basis points and 150 basis points, respectively. Implementation of Basel 2.5 in the first quarter of 2013 did not impact Chase Bank USA, N.A.’s RWA or Tier 1 capital and Total capital ratios.



	JPMorgan Chase & Co.^(d)						JPMorgan Chase Bank, N.A.^(d)						Chase Bank USA, N.A.^(d)						Well-capitalized ratios^(e)			Minimum capital ratios^(e)
(in millions, except ratios)	March 31, 2013			December 31, 2012			March 31, 2013			December 31, 2012			March 31, 2013			December 31, 2012			Well-capitalized ratios^(e)			Minimum capital ratios^(e)
Regulatory capital
Tier 1^(a)	$	163,807		$	160,002		$	116,268		$	111,827		$	10,426		$	9,648
Total	198,926			194,036			152,611			146,870			13,842			13,131

Assets
Risk-weighted^(b)	$	1,406,948		$	1,270,378		$	1,212,582		$	1,094,155		$	98,613		$	103,593
Adjusted average^(c)	2,255,697			2,243,242			1,836,492			1,815,816			104,019			103,688

Capital ratios
Tier 1^(a)	11.6		%	12.6		%	9.6		%	10.2		%	10.6		%	9.3		%	6.0	%		4.0	%
Total	14.1			15.3			12.6			13.4			14.0			12.7			10.0			8.0
Tier 1 leverage	7.3			7.1			6.3			6.2			10.0			9.3			5.0		^(f)	3.0		^(g)

(a)

At March 31, 2013, trust preferred capital debt securities included in Tier 1 capital were $10.2 billion and $600 million, for JPMorgan Chase and JPMorgan Chase Bank, N.A., respectively. If these securities were excluded from the calculation at March 31, 2013, Tier 1 capital would be $153.6 billion and $115.7 billion, respectively, and the Tier 1 capital ratio would be 10.9% and 9.5%, respectively. At March 31, 2013, Chase Bank USA, N.A. had no trust preferred securities.


(b)	Included off–balance sheet RWA at March 31, 2013, of $310.7 billion, $300.3 billion and $15 million, and at December 31, 2012, of $304.5 billion, $297.1 billion and $16 million, for JPMorgan Chase, JPMorgan Chase Bank, N.A. and Chase Bank USA, N.A., respectively.


(c)	Adjusted average assets, for purposes of calculating the leverage ratio, include total quarterly average assets adjusted for unrealized gains/(losses) on securities, less deductions for disallowed goodwill and other intangible assets, investments in certain subsidiaries, and the total adjusted carrying value of nonfinancial equity investments that are subject to deductions from Tier 1 capital.


(d)	Asset and capital amounts for JPMorgan Chase’s banking subsidiaries reflect intercompany transactions; whereas the respective amounts for JPMorgan Chase reflect the elimination of intercompany transactions.


(e)	As defined by the regulations issued by the Federal Reserve, OCC and FDIC.


(f)	Represents requirements for banking subsidiaries pursuant to regulations issued under the FDIC Improvement Act. There is no Tier 1 leverage component in the definition of a well-capitalized bank holding company.


(g)	The minimum Tier 1 leverage ratio for bank holding companies and banks is 3% or 4%, depending on factors specified in regulations issued by the Federal Reserve and OCC.

Note:

Rating agencies allow measures of capital to be adjusted upward for deferred tax liabilities, which have resulted from both nontaxable business combinations and from tax-deductible goodwill. The Firm had deferred tax liabilities resulting from nontaxable business combinations totaling $267 million and $291 million at March 31, 2013, and December 31, 2012, respectively; and deferred tax liabilities resulting from tax-deductible goodwill of $2.6 billion and $2.5 billion at March 31, 2013, and December 31, 2012, respectively.