Regulatory Capital (Tables)

12 Months Ended

Dec. 31, 2016

Reconciliation of regulatory capital, assets and risk-based capital ratios

The following table presents the minimum ratios to which the Firm and its national bank subsidiaries are subject as of December 31, 2016.



	Minimum capital ratios				Well-capitalized ratios
	BHC^(a)		IDI^(b)		BHC^(c)		IDI^(d)
Capital ratios
CET1	6.25	%	5.125	%	—	%	6.5	%
Tier 1	7.75		6.625		6.0		8.0
Total	9.75		8.625		10.0		10.0
Tier 1 leverage	4.0		4.0		—		5.0

Note: The ratios presented in the table above are 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.


(a)	Represents the transitional minimum capital ratios applicable to the Firm under Basel III at December 31, 2016. Commencing in the first quarter of 2016, the CET1 minimum capital ratio includes 0.625% resulting from the phase in of the Firm’s 2.5% capital conservation buffer, and 1.125% resulting from the phase in of the Firm’s 4.5% GSIB surcharge.


(b)	Represents requirements for JPMorgan Chase’s banking subsidiaries. The CET1 minimum capital ratio includes 0.625% resulting from the phase in of the 2.5% capital conservation buffer that is applicable to the banking subsidiaries. The banking subsidiaries are not subject to the GSIB surcharge.


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


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

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, 2016 and 2015.



	JPMorgan Chase & Co.
	Basel III Standardized Transitional						Basel III Advanced Transitional
(in millions, except ratios)	Dec 31, 2016			Dec 31, 2015			Dec 31, 2016			Dec 31, 2015
Regulatory capital
CET1 capital	$	182,967		$	175,398		$	182,967		$	175,398
Tier 1 capital^(a)	208,112			200,482			208,112			200,482
Total capital	239,553			234,413			228,592			224,616

Assets
Risk-weighted	1,464,981			1,465,262			1,476,915			1,485,336
Adjusted average^(b)	2,484,631			2,358,471			2,484,631			2,358,471

Capital ratios^(c)
CET1	12.5		%	12.0		%	12.4		%	11.8		%
Tier 1^(a)	14.2			13.7			14.1			13.5
Total	16.4			16.0			15.5			15.1
Tier 1 leverage^(d)	8.4			8.5			8.4			8.5



	JPMorgan Chase Bank, N.A.
	Basel III Standardized Transitional						Basel III Advanced Transitional
(in millions, except ratios)	Dec 31, 2016			Dec 31, 2015			Dec 31, 2016			Dec 31, 2015
Regulatory capital
CET1 capital	$	179,319		$	168,857		$	179,319		$	168,857
Tier 1 capital^(a)	179,341			169,222			179,341			169,222
Total capital	191,662			183,262			184,637			176,423

Assets
Risk-weighted	1,293,203			1,264,056			1,262,613			1,249,607
Adjusted average^(b)	2,088,851			1,910,934			2,088,851			1,910,934

Capital ratios^(c)
CET1	13.9		%	13.4		%	14.2		%	13.5		%
Tier 1^(a)	13.9			13.4			14.2			13.5
Total	14.8			14.5			14.6			14.1
Tier 1 leverage^(d)	8.6			8.9			8.6			8.9



	Chase Bank USA, N.A.
	Basel III Standardized Transitional						Basel III Advanced Transitional
(in millions, except ratios)	Dec 31, 2016			Dec 31, 2015			Dec 31, 2016			Dec 31, 2015
Regulatory capital
CET1 capital	$	16,784		$	15,419		$	16,784		$	15,419
Tier 1 capital^(a)	16,784			15,419			16,784			15,419
Total capital	22,862			21,418			21,434			20,069

Assets
Risk-weighted	112,297			105,807			186,378			181,775
Adjusted average^(b)	120,304			134,152			120,304			134,152

Capital ratios^(c)
CET1	14.9		%	14.6		%	9.0		%	8.5		%
Tier 1^(a)	14.9			14.6			9.0			8.5
Total	20.4			20.2			11.5			11.0
Tier 1 leverage^(d)	14.0			11.5			14.0			11.5


(a)	Includes the deduction associated with the permissible holdings of covered funds (as defined by the Volcker Rule) acquired after December 31, 2013. The deduction was not material as of December 31, 2016.


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


(c)	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.


(d)	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.

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 $83 million and $105 million at December 31, 2016, and 2015, respectively; and deferred tax liabilities resulting from tax-deductible goodwill of $3.1 billion and $3.0 billion at December 31, 2016, and 2015, respectively.