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JPMorgan Chase Receives No Objection to its 2013 Capital Plan Resubmission
New York– December 02, 2013
JPMorgan Chase (NYSE: JPM) announced today that the Federal Reserve Board (FRB) has not objected to the 2013 Capital Plan that the Firm resubmitted under the Comprehensive Capital Analysis and Review (CCAR). In March, the FRB did not object to JPMorgan Chase's capital plan that was submitted in January 2013, but did require the Firm to submit an additional capital plan addressing weaknesses identified in our capital planning process. We completed the resubmission in the third quarter.
"We are pleased that the Fed determined that our CCAR process improvements met their expectations," said Jamie Dimon, Chairman and CEO of JPMorgan Chase. "We are grateful to the hundreds of employees who worked tirelessly on our resubmission."
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.