Regulatory Capital (Tables)

3 Months Ended

Mar. 31, 2021

Reconciliation of the Firm's regulatory capital, assets and risk-based capital ratios

The following table presents the minimum and well-capitalized ratios to which the Firm and its IDI subsidiaries were subject as of March 31, 2021 and December 31, 2020.


	Standardized Minimum capital ratios				Advanced Minimum capital ratios				Well-capitalized ratios
	BHC(a)		IDI(c)		BHC(a)(b)		IDI(b)(c)		BHC(d)		IDI(e)
Capital ratios
CET1 capital	11.3	%	7.0	%	10.5	%	7.0	%	NA		6.5	%
Tier 1 capital	12.8		8.5		12.0		8.5		6.0	%	8.0
Total capital	14.8		10.5		14.0		10.5		10.0		10.0
Tier 1 leverage	4.0		4.0		4.0		4.0		NA		5.0
SLR	NA		NA		5.0		6.0		NA		6.0

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 minimum capital ratios applicable to the Firm. The CET1, Tier 1 and Total capital minimum capital ratios each include a respective minimum requirement plus a GSIB surcharge of 3.5% as calculated under Method 2; plus a 3.3% SCB for Basel III Standardized ratios and a fixed 2.5% capital conservation buffer for Basel III Advanced ratios. The countercyclical buffer is currently set to 0% by the federal banking agencies.

(b)Represents minimum SLR requirement of 3.0%, as well as supplementary leverage buffer requirements of 2.0% and 3.0% for BHC and IDI subsidiaries, respectively.

(c)Represents requirements for JPMorgan Chase’s IDI subsidiaries. The CET1, Tier 1 and Total capital minimum capital ratios include a fixed capital conservation buffer requirement of 2.5% that is applicable to the IDI subsidiaries. The IDI subsidiaries are not subject to the GSIB surcharge.

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

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

The following tables present the risk-based and leverage-based capital metrics for JPMorgan Chase and JPMorgan Chase Bank, N.A. under both the Basel III Standardized and Basel III Advanced Approaches. As of March 31, 2021 and December 31, 2020, JPMorgan Chase and JPMorgan Chase Bank, N.A. were well-capitalized and met all capital requirements to which each was subject.


March 31, 2021 (in millions, except ratios)	Basel III Standardized						Basel III Advanced
	JPMorgan Chase & Co.(c)			JPMorgan Chase Bank, N.A.(c)			JPMorgan Chase & Co.(c)			JPMorgan Chase Bank, N.A.(c)
Risk-based capital metrics:
CET1 capital	$	206,078		$	242,464		$	206,078		$	242,464
Tier 1 capital	237,333			242,466			237,333			242,466
Total capital	271,407			260,288			258,635			247,867


Risk-weighted assets	1,577,007			1,503,158			1,503,828			1,361,577



CET1 capital ratio	13.1		%	16.1		%	13.7		%	17.8		%
Tier 1 capital ratio	15.0			16.1			15.8			17.8
Total capital ratio	17.2			17.3			17.2			18.2
Leverage-based capital metrics:
Adjusted average assets(a)	$	3,565,545		$	3,120,770		$	3,565,545		$	3,120,770
Tier 1 leverage ratio	6.7		%	7.8		%	6.7		%	7.8		%
Total leverage exposure(b)	NA			NA			$	3,522,629		$	3,867,720
SLR(b)	NA			NA			6.7		%	6.3		%


December 31, 2020 (in millions, except ratios)	Basel III Standardized						Basel III Advanced
	JPMorgan Chase & Co.(c)			JPMorgan Chase Bank, N.A.(c)			JPMorgan Chase & Co.(c)			JPMorgan Chase Bank, N.A.(c)
Risk-based capital metrics:
CET1 capital	$	205,078		$	234,235		$	205,078		$	234,235
Tier 1 capital	234,844			234,237			234,844			234,237
Total capital	269,923			252,045			257,228			239,673


Risk-weighted assets	1,560,609			1,492,138			1,484,431			1,343,185



CET1 capital ratio	13.1		%	15.7		%	13.8		%	17.4		%
Tier 1 capital ratio	15.0			15.7			15.8			17.4
Total capital ratio	17.3			16.9			17.3			17.8
Leverage-based capital metrics:
Adjusted average assets(a)	$	3,353,319		$	2,970,285		$	3,353,319		$	2,970,285
Tier 1 leverage ratio	7.0		%	7.9		%	7.0		%	7.9		%
Total leverage exposure(b)	NA			NA			$	3,401,542		$	3,688,797
SLR(b)	NA			NA			6.9		%	6.3		%

(a)Adjusted average assets, for purposes of calculating the leverage ratio, includes total quarterly average assets adjusted for on-balance sheet assets that are subject to deduction from Tier 1 capital, predominantly goodwill and other intangible assets.

(b)JPMorgan Chase’s total leverage exposure for purposes of calculating the SLR, excludes on-balance sheet amounts of U.S. Treasury securities and deposits at Federal Reserve Banks, as provided by the interim final rule issued by the Federal Reserve which became effective April 1, 2020 and remained in effect through March 31, 2021. On June 1, 2020, the Federal Reserve, OCC and FDIC issued an interim final rule which became effective April 1, 2020 and remained in effect through March 31, 2021 that provides IDI subsidiaries with an option to apply this temporary exclusion subject to certain restrictions. As of March 31, 2021 and December 31, 2020, JPMorgan Chase Bank, N.A. did not elect to apply this exclusion.

(c)The capital metrics reflect the CECL capital transition provisions. Additionally, loans originated under the PPP receive a zero percent risk weight.