JP Morgan Chase 2015 Annual Report Download - page 288

Notes to consolidated financial statements
278 JPMorgan Chase & Co./2015 Annual Report
Note 18 – Premises and equipment
Premises and equipment, including leasehold
improvements, are carried at cost less accumulated
depreciation and amortization. JPMorgan Chase computes
depreciation using the straight-line method over the
estimated useful life of an asset. For leasehold
improvements, the Firm uses the straight-line method
computed over the lesser of the remaining term of the
leased facility or the estimated useful life of the leased
asset.
JPMorgan Chase capitalizes certain costs associated with
the acquisition or development of internal-use software.
Once the software is ready for its intended use, these costs
are amortized on a straight-line basis over the software’s
expected useful life and reviewed for impairment on an
ongoing basis.
Note 19 – Deposits
At December 31, 2015 and 2014, noninterest-bearing and
interest-bearing deposits were as follows.
December 31, (in millions) 2015 2014
U.S. offices
Noninterest-bearing $ 392,721 $ 437,558
Interest-bearing
Demand(a) 84,088 90,319
Savings(b) 486,043 466,730
Time (included $10,916 and $7,501
at fair value)(c) 92,873 86,301
Total interest-bearing deposits 663,004 643,350
Total deposits in U.S. offices 1,055,725 1,080,908
Non-U.S. offices
Noninterest-bearing 18,921 19,078
Interest-bearing
Demand 154,773 217,011
Savings 2,157 2,673
Time (included $1,600 and $1,306 at
fair value)(c) 48,139 43,757
Total interest-bearing deposits 205,069 263,441
Total deposits in non-U.S. offices 223,990 282,519
Total deposits $1,279,715 $1,363,427
(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.
At December 31, 2015 and 2014, time deposits in
denominations of $250,000 or more were as follows.
December 31, (in millions) 2015 2014
U.S. offices $ 64,519 $ 56,983
Non-U.S. offices 48,091 43,719
Total $112,610 $ 100,702
At December 31, 2015, the maturities of interest-bearing
time deposits were as follows.
December 31, 2015
(in millions) U.S. Non-U.S. Total
2016 78,246 47,791 126,037
2017 2,940 145 3,085
2018 2,172 39 2,211
2019 1,564 47 1,611
2020 1,615 117 1,732
After 5 years 6,336 — 6,336
Total $ 92,873 $ 48,139 $ 141,012