Regulatory Capital

12 Months Ended

Dec. 31, 2017

Banking and Thrift [Abstract]

Regulatory Capital

Regulatory capital

The Federal Reserve establishes capital requirements, including well-capitalized standards, for the consolidated financial holding company. The OCC establishes similar minimum capital requirements and standards for the Firm’s IDI, including JPMorgan Chase Bank, N.A. and Chase Bank USA, N.A.

Capital rules under Basel III establish minimum capital ratios and overall capital adequacy standards for large and internationally active U.S. bank holding companies and banks, including the Firm and its IDI subsidiaries. Basel III set forth two comprehensive approaches for calculating RWA: a standardized approach (“Basel III Standardized”) and an advanced approach (“Basel III Advanced”). Certain of the requirements of Basel III are subject to phase-in periods that began on January 1, 2014 and continue through the end of 2018 (“transitional period”).

The three categories of risk-based capital and their predominant components under the Basel III Transitional rules are illustrated below:

The following tables present the regulatory capital, assets and risk-based capital ratios for JPMorgan Chase and its significant IDI subsidiaries under both Basel III Standardized Transitional and Basel III Advanced Transitional at December 31, 2017 and 2016.

	JPMorgan Chase & Co.
	Basel III Standardized Transitional							Basel III Advanced Transitional
(in millions, except ratios)	Dec 31, 2017			Dec 31, 2016				Dec 31, 2017			Dec 31, 2016
Regulatory capital
CET1 capital	$	183,300		$	182,967			$	183,300		$	182,967
Tier 1 capital(a)	208,644			208,112				208,644			208,112
Total capital	238,395			239,553				227,933			228,592
Assets
Risk-weighted	1,499,506			1,483,132			(e)	1,435,825			1,476,915
Adjusted average(b)	2,514,270			2,484,631				2,514,270			2,484,631
Capital ratios(c)
CET1	12.2		%	12.3		%	(e)	12.8		%	12.4		%
Tier 1(a)	13.9			14.0			(e)	14.5			14.1
Total	15.9			16.2			(e)	15.9			15.5
Tier 1 leverage(d)	8.3			8.4				8.3			8.4

	JPMorgan Chase Bank, N.A.
	Basel III Standardized Transitional							Basel III Advanced Transitional
(in millions, except ratios)	Dec 31, 2017			Dec 31, 2016				Dec 31, 2017			Dec 31, 2016
Regulatory capital
CET1 capital	$	184,375		$	179,319			$	184,375		$	179,319
Tier 1 capital(a)	184,375			179,341				184,375			179,341
Total capital	195,839			191,662				189,419			184,637
Assets
Risk-weighted	1,335,809			1,311,240			(e)	1,226,534			1,262,613
Adjusted average(b)	2,116,031			2,088,851				2,116,031			2,088,851
Capital ratios(c)
CET1	13.8		%	13.7		%	(e)	15.0		%	14.2		%
Tier 1(a)	13.8			13.7			(e)	15.0			14.2
Total	14.7			14.6			(e)	15.4			14.6
Tier 1 leverage(d)	8.7			8.6				8.7			8.6

	Chase Bank USA, N.A.
	Basel III Standardized Transitional						Basel III Advanced Transitional
(in millions, except ratios)	Dec 31, 2017			Dec 31, 2016			Dec 31, 2017			Dec 31, 2016
Regulatory capital
CET1 capital	$	21,600		$	16,784		$	21,600		$	16,784
Tier 1 capital	21,600			16,784			21,600			16,784
Total capital	27,691			22,862			26,250			21,434
Assets
Risk-weighted	113,108			112,297			190,523			186,378
Adjusted average(b)	126,517			120,304			126,517			120,304
Capital ratios(c)
CET1	19.1		%	14.9		%	11.3		%	9.0		%
Tier 1	19.1			14.9			11.3			9.0
Total	24.5			20.4			13.8			11.5
Tier 1 leverage(d)	17.1			14.0			17.1			14.0

(a) Includes the deduction associated with the permissible holdings of covered funds (as defined by the Volcker Rule). The deduction was not material as of December 31, 2017 and 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 tax attributes, including NOLs.

(c) For each of the risk-based capital ratios, the capital adequacy of the Firm and its IDI subsidiaries is evaluated against the lower of the two ratios as calculated under Basel III approaches (Standardized or Advanced) as required by the Collins Amendment of the Dodd-Frank Act (the “Collins Floor”)

(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.

(e) The prior period amounts have been revised to conform with the current period presentation.

Under the risk-based capitalguidelines of the Federal Reserve, JPMorgan Chase is required to maintain minimum ratios of CET1, Tier 1 and Total capital to RWA, as well as a minimum leverage ratio (which is 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. IDI 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 IDI subsidiaries are subject as ofDecember 31, 2017.

	Minimum capital ratios				Well-capitalized ratios
	BHC(a)(e)		IDI(b)(e)		BHC(c)		IDI(d)
Capital ratios
CET1	7.50	%	5.75	%	—	%	6.50	%
Tier 1	9.00		7.25		6.00		8.00
Total	11.00		9.25		10.00		10.00
Tier 1 leverage	4.00		4.00		—		5.00

Note: The table above is as defined by the regulations issued by the Federal Reserve, OCC and FDIC and to which the Firm and its IDI subsidiaries are subject.

(a) Represents the Transitional minimum capital ratios applicable to the Firm under Basel III at December 31, 2017. At December 31, 2017, the CET1 minimum capital ratio includes 1.25% resulting from the phase-in of the Firm’s 2.5% capital conservation buffer, and 1.75% resulting from the phase-in of the Firm’s 3.5% GSIB surcharge.

(b) Represents requirements for JPMorgan Chase’s IDI subsidiaries. The CET1 minimum capital ratio includes 1.25% resulting from the phase-in of the 2.5% capital conservation buffer that is applicable to the IDI subsidiaries. The IDI 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 IDI subsidiaries pursuant to regulations issued under the FDIC Improvement Act.

(e) For the period ended December 31, 2016 the CET1, Tier 1, Total and Tier 1 leverage minimum capital ratios applicable to the Firm were 6.25%, 7.75%, 9.75% and 4.0% and the CET1, Tier 1, Total and Tier 1 leverage minimum capital ratios applicable to the Firm’s IDI subsidiaries were 5.125%, 6.625%, 8.625% and 4.0% respectively.

As of December 31, 2017 and 2016, JPMorgan Chase and all of its IDI subsidiaries were well-capitalized and met all capital requirements to which each was subject.