JP Morgan Chase 2015 Annual Report Download - page 299

JPMorgan Chase & Co./2015 Annual Report 289
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, 2015 and 2014.
JPMorgan Chase & Co.(f)
Basel III Standardized
Transitional
Basel III Advanced
Transitional
(in millions,
except ratios)
Dec 31,
2015
Dec 31,
2014
Dec 31,
2015
Dec 31,
2014
Regulatory
capital
CET1 capital $ 175,398 $ 164,426 $ 175,398 $ 164,426
Tier 1 capital(a) 200,482 186,263 200,482 186,263
Total capital 234,413 221,117 224,616 210,576
Assets
Risk-weighted(b) 1,465,262 1,472,602 1,485,336 1,608,240
Adjusted
average(c) 2,361,177 2,464,915 2,361,177 2,464,915
Capital ratios(d)
CET1 12.0% 11.2% 11.8% 10.2%
Tier 1(a) 13.7 12.6 13.5 11.6
Total 16.0 15.0 15.1 13.1
Tier 1 leverage(e) 8.5 7.6 8.5 7.6
JPMorgan Chase Bank, N.A.(f)
Basel III Standardized
Transitional
Basel III Advanced
Transitional
(in millions,
except ratios)
Dec 31,
2015
Dec 31,
2014
Dec 31,
2015
Dec 31,
2014
Regulatory
capital
CET1 capital $ 168,857 $ 156,567 $ 168,857 $ 156,567
Tier 1 capital(a) 169,222 156,891 169,222 156,891
Total capital 183,262 173,322 176,423 166,326
Assets
Risk-weighted(b) 1,264,056 1,230,358 1,249,607 1,330,175
Adjusted
average(c) 1,913,448 1,968,131 1,913,448 1,968,131
Capital ratios(d)
CET1 13.4% 12.7% 13.5% 11.8%
Tier 1(a) 13.4 12.8 13.5 11.8
Total 14.5 14.1 14.1 12.5
Tier 1 leverage(e) 8.8 8.0 8.8 8.0
Chase Bank USA, N.A.(f)
Basel III Standardized
Transitional
Basel III Advanced
Transitional
(in millions,
except ratios)
Dec 31,
2015
Dec 31,
2014
Dec 31,
2015
Dec 31,
2014
Regulatory
capital
CET1 capital $ 15,419 $ 14,556 $ 15,419 $ 14,556
Tier 1 capital(a) 15,419 14,556 15,419 14,556
Total capital 21,418 20,517 20,069 19,206
Assets
Risk-weighted(b) 105,807 103,468 181,775 157,565
Adjusted
average(c) 134,152 128,111 134,152 128,111
Capital ratios(d)
CET1 14.6% 14.1% 8.5% 9.2%
Tier 1(a) 14.6 14.1 8.5 9.2
Total 20.2 19.8 11.0 12.2
Tier 1 leverage(e) 11.5 11.4 11.5 11.4
(a) At December 31, 2015, trust preferred securities included in Basel III Tier
1 capital were $992 million and $420 million for JPMorgan Chase and
JPMorgan Chase Bank, N.A., respectively. At December 31, 2015 Chase
Bank USA, N.A. had no trust preferred securities.
(b) Effective January 1, 2015, the Basel III Standardized RWA is calculated
under the Basel III definition of the Standardized approach. Prior periods
were based on Basel I (inclusive of Basel 2.5).
(c) Adjusted average assets, for purposes of calculating the Tier 1 leverage
ratio, includes total quarterly average assets adjusted for unrealized
gains/(losses) on securities, less deductions for goodwill and other
intangible assets, defined benefit pension plan assets, and deferred tax
assets related to net operating loss carryforwards.
(d) 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.
(e) 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.
(f) Asset and capital amounts for JPMorgan Chase’s banking subsidiaries
reflect intercompany transactions; whereas the respective amounts for
JPMorgan Chase reflect the elimination of intercompany transactions.
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 $105 million and $130 million at December 31, 2015, and 2014,
respectively; and deferred tax liabilities resulting from tax-deductible
goodwill of $3.0 billion and $2.7 billion at December 31, 2015, and
2014, respectively.