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, 2015 and 2014.



	JPMorgan Chase & Co.^(f)
	Basel III Standardized Transitional						Basel III Advanced Transitional
(in millions, except ratios)	Dec 31, 2015			Dec 31, 2014			Dec 31, 2015			Dec 31, 2014
Regulatory capital
CET1 capital	$	175,398		$	164,426		$	175,398		$	164,426
Tier 1 capital^(a)	200,482			186,263			200,482			186,263
Total capital	234,413			221,117			224,616			210,576

Assets
Risk-weighted^(b)	1,465,262			1,472,602			1,485,336			1,608,240
Adjusted average^(c)	2,361,177			2,464,915			2,361,177			2,464,915

Capital ratios^(d)
CET1	12.0		%	11.2		%	11.8		%	10.2		%
Tier 1^(a)	13.7			12.6			13.5			11.6
Total	16.0			15.0			15.1			13.1
Tier 1 leverage^(e)	8.5			7.6			8.5			7.6



	JPMorgan Chase Bank, N.A.^(f)
	Basel III Standardized Transitional						Basel III Advanced Transitional
(in millions, except ratios)	Dec 31, 2015			Dec 31, 2014			Dec 31, 2015			Dec 31, 2014
Regulatory capital
CET1 capital	$	168,857		$	156,567		$	168,857		$	156,567
Tier 1 capital^(a)	169,222			156,891			169,222			156,891
Total capital	183,262			173,322			176,423			166,326

Assets
Risk-weighted^(b)	1,264,056			1,230,358			1,249,607			1,330,175
Adjusted average^(c)	1,913,448			1,968,131			1,913,448			1,968,131

Capital ratios^(d)
CET1	13.4		%	12.7		%	13.5		%	11.8		%
Tier 1^(a)	13.4			12.8			13.5			11.8
Total	14.5			14.1			14.1			12.5
Tier 1 leverage^(e)	8.8			8.0			8.8			8.0



	Chase Bank USA, N.A.^(f)
	Basel III Standardized Transitional						Basel III Advanced Transitional
(in millions, except ratios)	Dec 31, 2015			Dec 31, 2014			Dec 31, 2015			Dec 31, 2014
Regulatory capital
CET1 capital	$	15,419		$	14,556		$	15,419		$	14,556
Tier 1 capital^(a)	15,419			14,556			15,419			14,556
Total capital	21,418			20,517			20,069			19,206

Assets
Risk-weighted^(b)	105,807			103,468			181,775			157,565
Adjusted average^(c)	134,152			128,111			134,152			128,111

Capital ratios^(d)
CET1	14.6		%	14.1		%	8.5		%	9.2		%
Tier 1^(a)	14.6			14.1			8.5			9.2
Total	20.2			19.8			11.0			12.2
Tier 1 leverage^(e)	11.5			11.4			11.5			11.4


(a)	At December 31, 2015, trust preferred securities included in Basel III Tier 1 capital were $992 million and $420 million for JPMorgan Chase and JPMorgan Chase Bank, N.A., respectively. At December 31, 2015 Chase Bank USA, N.A. had no trust preferred securities.


(b)	Effective January 1, 2015, the Basel III Standardized RWA is calculated under the Basel III definition of the Standardized approach. Prior periods were based on Basel I (inclusive of Basel 2.5).


(c)	Adjusted average assets, for purposes of calculating the Tier 1 leverage ratio, includes total quarterly average assets adjusted for unrealized gains/(losses) on securities, less deductions for goodwill and other intangible assets, defined benefit pension plan assets, and deferred tax assets related to net operating loss carryforwards.


(d)	For each of the risk-based capital ratios, the capital adequacy of the Firm and its national bank subsidiaries are evaluated against the Basel III approach, Standardized or Advanced, resulting in the lower ratio (the “Collins Floor”), as required by the Collins Amendment of the Dodd-Frank Act.


(e)	The Tier 1 leverage ratio is not a risk-based measure of capital. This ratio is calculated by dividing Tier 1 capital by adjusted average assets.


(f)	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 of $105 million and $130 million at December 31, 2015, and 2014, respectively; and deferred tax liabilities resulting from tax-deductible goodwill of $3.0 billion and $2.7 billion at December 31, 2015, and 2014, respectively.

Under the risk-based capital guidelines of the Federal Reserve, JPMorgan Chase is required to maintain minimum ratios of CET1, 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, 2015.



	Minimum capital ratios^(a)		Well-capitalized ratios
	Minimum capital ratios^(a)		BHC^(b)		IDI^(c)
Capital ratios
CET1	4.5	%	—	%	6.5	%
Tier 1	6.0		6.0		8.0
Total	8.0		10.0		10.0
Tier 1 leverage	4.0		—		5.0


(a)	As defined by the regulations issued by the Federal Reserve, OCC and FDIC and to which the Firm and its national bank subsidiaries are subject.


(b)	Represents requirements for bank holding companies pursuant to regulations issued by the Federal Reserve.


(c)	Represents requirements for bank subsidiaries pursuant to regulations issued under the FDIC Improvement Act.