NOTE 17 — DEPOSITS

For further discussion of deposits, see Note 19 on pages 263—264 in JPMorgan Chase’s 2010 Annual Report.

At March 31, 2011, and December 31, 2010, noninterest-bearing and interest-bearing deposits were as follows.


(in millions)	March 31, 2011		December 31, 2010

U.S. offices
Noninterest-bearing	$	244,136	$	228,555
Interest-bearing
Demand^(a)		34,944		33,368
Savings^(b)		345,558		334,632
Time (included $3,062 and $2,733 at fair value)^(c)		88,152		87,237

Total interest-bearing deposits		468,654		455,237

Total deposits in U.S. offices		712,790		683,792

Non-U.S. offices
Noninterest-bearing		11,644		10,917
Interest-bearing
Demand		194,726		174,417
Savings		710		607
Time (included $1,215 and $1,636 at fair value)^(c)		75,959		60,636

Total interest-bearing deposits		271,395		235,660

Total deposits in non-U.S. offices		283,039		246,577

Total deposits	$	995,829	$	930,369


(a)		Includes Negotiable Order of Withdrawal (“NOW”) accounts, and certain trust accounts.

(b)		Includes Money Market Deposit Accounts (“MMDAs”).

(c)		Includes structured notes classified as deposits for which the fair value option has been elected. For further discussion, see Note 4 on pages 187–189 of JPMorgan Chase’s 2010 Annual Report.