The following tables present the regulatory capital, assets and risk-based capital ratios for JPMorgan Chase and its significant national bank subsidiaries under both Basel III Standardized Transitional and Basel III Advanced Transitional at December 31, 2014, and under Basel I at December 31, 2013.



	JPMorgan Chase & Co.^(d)
	Basel III Standardized Transitional			Basel III Advanced Transitional			Basel I
(in millions, except ratios)	Dec 31, 2014			Dec 31, 2014			Dec 31, 2013
Regulatory capital
CET1 capital	$	164,764		$	164,764		NA
Tier 1 capital^(a)	186,632			186,632			$	165,663
Total capital	221,563			211,022			199,286

Assets
Risk-weighted	1,472,602			1,608,240			1,387,863
Adjusted average^(b)	2,465,414			2,465,414			2,343,713

Capital ratios^(c)
CET1	11.2		%	10.2		%	NA
Tier 1^(a)	12.7			11.6			11.9		%
Total	15.0			13.1			14.4
Tier 1 leverage	7.6			7.6			7.1



	JPMorgan Chase Bank, N.A.^(d)
	Basel III Standardized Transitional			Basel III Advanced Transitional			Basel I
(in millions, except ratios)	Dec 31, 2014			Dec 31, 2014			Dec 31, 2013
Regulatory capital
CET1 capital	$	156,898		$	156,898		NA
Tier 1 capital^(a)	157,222			157,222			$	139,727
Total capital	173,659			166,662			165,496

Assets
Risk-weighted	1,230,358			1,330,175			1,171,574
Adjusted average^(b)	1,968,131			1,968,131			1,900,770

Capital ratios^(c)
CET1	12.8		%	11.8		%	NA
Tier 1^(a)	12.8			11.8			11.9		%
Total	14.1			12.5			14.1
Tier 1 leverage	8.0			8.0			7.4



	Chase Bank USA, N.A.^(d)
	Basel III Standardized Transitional			Basel III Advanced Transitional			Basel I
(in millions, except ratios)	Dec 31, 2014			Dec 31, 2014			Dec 31, 2013
Regulatory capital
CET1 capital	$	14,556		$	14,556		NA
Tier 1 capital^(a)	14,556			14,556			$	12,956
Total capital	20,517			19,206			16,389

Assets
Risk-weighted	103,468			157,565			100,990
Adjusted average^(b)	128,111			128,111			109,731

Capital ratios^(c)
CET1	14.1		%	9.2		%	NA
Tier 1^(a)	14.1			9.2			12.8		%
Total	19.8			12.2			16.2
Tier 1 leverage	11.4			11.4			11.8


(a)	At December 31, 2014, trust preferred securities included in Basel III Tier 1 capital were $2.7 billion and $300 million for JPMorgan Chase and JPMorgan Chase Bank, N.A., respectively. At December 31, 2014, Chase Bank USA, N.A. had no trust preferred securities.


(b)	Adjusted average assets, for purposes of calculating the leverage ratio, includes 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.


(c)	For each of the risk-based capital ratios the lower of the Standardized Transitional or Advanced Transitional ratio represents the Collins Floor.


(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.

Note:

Rating agencies allow measures of capital to be adjusted upward for deferred tax liabilities, which have resulted from both non-taxable business combinations and from tax-deductible goodwill. The Firm had deferred tax liabilities resulting from non-taxable business combinations totaling $130 million and $192 million at December 31, 2014, and December 31, 2013, respectively; and deferred tax liabilities resulting from tax-deductible goodwill of $2.7 billion and $2.8 billion at December 31, 2014, and December 31, 2013, respectively.

Under the risk-based capital guidelines of the Federal Reserve, JPMorgan Chase is required to maintain minimum ratios of Tier 1 and Total capital to risk-weighted assets,

as well as minimum leverage ratios (which are defined as Tier 1 capital divided by adjusted quarterly average assets). Failure to meet these minimum requirements could cause the Federal Reserve to take action. Bank subsidiaries also are subject to these capital requirements by their respective primary regulators. The following table presents the minimum ratios to which the Firm and its national bank subsidiaries are subject as of December 31, 2014.



	Minimum capital ratios^(a)		Well-capitalized ratios^(a)
Capital ratios
CET1	4.0	%	NA
Tier 1	5.5		6.0	%
Total	8.0		10.0
Tier 1 leverage	4.0		5.0		^(b)


(a)	As defined by the regulations issued by the Federal Reserve, OCC and FDIC. The CET1 capital ratio became a relevant measure of capital under the prompt corrective action requirements on January 1, 2015.


(b)	Represents requirements for bank 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.