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1.0.0.3 false Business segments false 1 $ false false Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USDEPS Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 2 Business segments [Abstract] 0 jpm_BusinessSegmentsAbstract jpm false na duration string Business Segments. false false false false false true false false false 1 false false 0 0 false false Business Segments. false 3 Business segments 1 us-gaap_SegmentReportingDisclosureTextBlock us-gaap true na duration string No definition available. false false false false false false false false false 1 false false 0 0   <div style="font-family: Helvetica,Arial,sans-serif"> <div style="position: relative"> <div align="left" style="font-size: 12pt; margin-top: 12pt"><b>Note 34 – Business segments</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The Firm is managed on a line-of-business basis. There are six major reportable business segments – Investment Bank, Retail Financial Services, Card Services, Commercial Banking, Treasury & Securities Services and Asset Management, as well as a Corporate/Private Equity segment. The business segments are determined based on the products and services provided, or the type of customer served, and they reflect the manner in which financial information is currently evaluated by management. Results of these lines of business are presented on a managed basis. For a definition of managed basis, see Explanation and Reconciliation of the Firm’s use of non-GAAP financial measures, on pages 50–52 of this Annual Report. For a further discussion concerning JPMorgan Chase’s business segments, see Business segment results on pages 53–54 of this Annual Report. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The following is a description of each of the Firm’s business segments: </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b>Investment Bank</b><br /> J.P. Morgan is one of the world’s leading investment banks, with deep client relationships and broad product capabilities. The clients of the Investment Bank (“IB”) are corporations, financial institutions, governments and institutional investors. The Firm offers a full range of investment banking products and services in all major capital markets, including advising on corporate strategy and structure, capital-raising in equity and debt markets, sophisticated risk management, market-making in cash securities and derivative instruments, prime brokerage, and research. IB also commits the Firm’s own capital to principal investing and trading activities on a limited basis. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b>Retail Financial Services</b><br /> Retail Financial Services (“RFS”), which includes the Retail Banking and Consumer Lending businesses, serves consumers and businesses through personal service at bank branches and through ATMs, online banking and telephone banking as well as through auto dealerships and school financial-aid offices. Customers can use more than 5,100 bank branches (third-largest nationally) and 15,400 ATMs (second-largest nationally), as well as online and mobile banking around the clock. More than 23,900 branch salespeople assist customers with checking and savings accounts, mortgages, home equity and business loans, and investments across the 23-state footprint from New York and Florida to California. Consumers also can obtain loans through 15,700 auto dealerships and nearly 2,100 schools and universities nationwide. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b>Card Services</b><br /> Card Services is one of the nation’s largest credit card issuers, with more than 145 million credit cards in circulation and over $163 billion in managed loans. Customers used Chase cards to meet more than $328 billion of their spending needs in 2009. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Chase continues to innovate, despite a very difficult business environment, launching new products and services such as Blueprint, Ultimate Rewards, Chase Sapphire and Ink from Chase, and earning a market leadership position in building loyalty and rewards programs. Through its merchant acquiring business, Chase Paymentech Solutions, Chase is one of the leading processors of credit-card payments. </div> </div> <div style="position: relative"> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b>Commercial Banking</b><br /> Commercial Banking serves nearly 25,000 clients nationally, including corporations, municipalities, financial institutions and not-for-profit entities with annual revenue generally ranging from $10 million to $2 billion, and more than 30,000 real estate investors/owners. Delivering extensive industry knowledge, local expertise and dedicated service, CB partners with the Firm’s other businesses to provide comprehensive solutions, including lending, treasury services, investment banking and asset management to meet its clients’ domestic and international financial needs. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b>Treasury & Securities Services</b><br /> Treasury & Securities Services (“TSS”) is a global leader in transaction, investment and information services. TSS is one of the world’s largest cash management providers and a leading global custodian. Treasury Services (“TS”) provides cash management, trade, wholesale card and liquidity products and services to small and mid-sized companies, multinational corporations, financial institutions and government entities. TS partners with the Commercial Banking, Retail Financial Services and Asset Management businesses to serve clients firmwide. As a result, certain TS revenue is included in other segments’ results. Worldwide Securities Services holds, values, clears and services securities, cash and alternative investments for investors and broker-dealers, and it manages depositary receipt programs globally. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b>Asset Management</b><br /> AM, with assets under supervision of $1.7 trillion, is a global leader in investment and wealth management. AM clients include institutions, retail investors and high-net-worth individuals in every major market throughout the world. AM offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity, including money market instruments and bank deposits. AM also provides trust and estate, banking and brokerage services to high-net-worth clients, and retirement services for corporations and individuals. The majority of AM’s client assets are in actively managed portfolios. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b>Corporate/Private Equity</b><br /> The Corporate/Private Equity sector comprises Private Equity, Treasury, the Chief Investment Office, corporate staff units and expense that is centrally managed. Treasury and the Chief Investment Office manage capital, liquidity, interest rate and foreign exchange risk and the investment portfolio for the Firm. The corporate staff units include Central Technology and Operations, Internal Audit, Executive Office, Finance, Human Resources, Marketing & Communications, Legal & Compliance, Corporate Real Estate and General Services, Risk Management, Corporate Responsibility and Strategy & Development. Other centrally managed expense includes the Firm’s occupancy and pension-related expense, net of allocations to the business. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">Line of business equity increased during the second quarter of 2008 in IB and AM due to the Bear Stearns merger and for AM, the purchase of the additional equity interest in Highbridge. At the end of the third quarter of 2008, equity was increased for each line of business with a view toward the future implementation of the new Basel II capital rules. In addition, equity allocated to RFS, CS and CB was increased as a result of the Washington Mutual transaction. </div> </div> <div align="center"> <table style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="47%"></td> <td width="5%"></td> <td width="47%"></td> </tr>   <tr valign="bottom">  <td align="left" valign="top"></td> <td></td> <td align="right" valign="top"></td> </tr> <tr valign="bottom"> <td align="left" valign="top"></td> <td></td> <td align="right" valign="top"></td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 12pt; margin-top: 0pt"> <b> </b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b>Segment results</b> </div> <div align="left" style="font-size: 10pt">The following table provides a summary of the Firm’s segment results for 2009, 2008 and 2007 on a managed basis. The impacts of credit card securitizations and tax-equivalent adjustments have been included in Reconciling items so that the total Firm results are on a reported basis. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b>Segment results and reconciliation</b><sup style="font-size: 85%; vertical-align: text-top"><sup style="font-size: 85%; vertical-align: text-top">(a)</sup></sup> (table continued on next page) </div> <div align="center"> <table style="font-size: 7pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="16%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td nowrap="nowrap" align="left">Year ended December 31,</td> <td> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">Investment Bank</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">Retail Financial Services</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">Card Services</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="11" style="border-bottom: 1px solid #000000">Commercial Banking</td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td nowrap="nowrap" align="left">(in millions, except ratios)</td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2008</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2007</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2008</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2007</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2008</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2007</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2008</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2007</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="49" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Noninterest revenue </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>18,522</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,051</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">14,215</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>12,200</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">9,355</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,779</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>2,920</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,719</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,046</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,817</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,481</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,263</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net interest income </div></td> <td> </td> <td> </td> <td align="right"><b>9,587</b></td> <td> </td> <td> </td> <td> </td> <td align="right">10,284</td> <td> </td> <td> </td> <td> </td> <td align="right">4,076</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>20,492</b></td> <td> </td> <td> </td> <td> </td> <td align="right">14,165</td> <td> </td> <td> </td> <td> </td> <td align="right">10,526</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>17,384</b></td> <td> </td> <td> </td> <td> </td> <td align="right">13,755</td> <td> </td> <td> </td> <td> </td> <td align="right">12,189</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>3,903</b></td> <td> </td> <td> </td> <td> </td> <td align="right">3,296</td> <td> </td> <td> </td> <td> </td> <td align="right">2,840</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="49" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total net revenue</b> </div></td> <td> </td> <td> </td> <td align="right"><b>28,109</b></td> <td> </td> <td> </td> <td> </td> <td align="right">12,335</td> <td> </td> <td> </td> <td> </td> <td align="right">18,291</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>32,692</b></td> <td> </td> <td> </td> <td> </td> <td align="right">23,520</td> <td> </td> <td> </td> <td> </td> <td align="right">17,305</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>20,304</b></td> <td> </td> <td> </td> <td> </td> <td align="right">16,474</td> <td> </td> <td> </td> <td> </td> <td align="right">15,235</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>5,720</b></td> <td> </td> <td> </td> <td> </td> <td align="right">4,777</td> <td> </td> <td> </td> <td> </td> <td align="right">4,103</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for credit losses </div></td> <td> </td> <td> </td> <td align="right"><b>2,279</b></td> <td> </td> <td> </td> <td> </td> <td align="right">2,015</td> <td> </td> <td> </td> <td> </td> <td align="right">654</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>15,940</b></td> <td> </td> <td> </td> <td> </td> <td align="right">9,905</td> <td> </td> <td> </td> <td> </td> <td align="right">2,610</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>18,462</b></td> <td> </td> <td> </td> <td> </td> <td align="right">10,059</td> <td> </td> <td> </td> <td> </td> <td align="right">5,711</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>1,454</b></td> <td> </td> <td> </td> <td> </td> <td align="right">464</td> <td> </td> <td> </td> <td> </td> <td align="right">279</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Credit reimbursement (to)/from TSS<sup style="font-size: 85%; vertical-align: text-top">(b)</sup> </div></td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="line-height: 4pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Noninterest expense<sup style="font-size: 85%; vertical-align: text-top">(c)</sup> </div></td> <td> </td> <td> </td> <td align="right"><b>15,401</b></td> <td> </td> <td> </td> <td> </td> <td align="right">13,844</td> <td> </td> <td> </td> <td> </td> <td align="right">13,074</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>16,748</b></td> <td> </td> <td> </td> <td> </td> <td align="right">12,077</td> <td> </td> <td> </td> <td> </td> <td align="right">9,905</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>5,381</b></td> <td> </td> <td> </td> <td> </td> <td align="right">5,140</td> <td> </td> <td> </td> <td> </td> <td align="right">4,914</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>2,176</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,946</td> <td> </td> <td> </td> <td> </td> <td align="right">1,958</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="49" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Income/(loss) before income tax expense/(benefit) and extraordinary gain</b> </div></td> <td> </td> <td> </td> <td align="right"><b>10,429</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(3,524</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">4,563</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>4</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,538</td> <td> </td> <td> </td> <td> </td> <td align="right">4,790</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(3,539</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">1,275</td> <td> </td> <td> </td> <td> </td> <td align="right">4,610</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>2,090</b></td> <td> </td> <td> </td> <td> </td> <td align="right">2,367</td> <td> </td> <td> </td> <td> </td> <td align="right">1,866</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Income tax expense/(benefit) </div></td> <td> </td> <td> </td> <td align="right"><b>3,530</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,349</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">1,424</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(93</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">658</td> <td> </td> <td> </td> <td> </td> <td align="right">1,865</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1,314</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">495</td> <td> </td> <td> </td> <td> </td> <td align="right">1,691</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>819</b></td> <td> </td> <td> </td> <td> </td> <td align="right">928</td> <td> </td> <td> </td> <td> </td> <td align="right">732</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="49" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Income/(loss) before extraordinary gain</b> </div></td> <td> </td> <td> </td> <td align="right"><b>6,899</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,175</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">3,139</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>97</b></td> <td> </td> <td> </td> <td> </td> <td align="right">880</td> <td> </td> <td> </td> <td> </td> <td align="right">2,925</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(2,225</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td> </td> <td align="right">780</td> <td> </td> <td> </td> <td> </td> <td align="right">2,919</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>1,271</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,439</td> <td> </td> <td> </td> <td> </td> <td align="right">1,134</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Extraordinary gain<sup style="font-size: 85%; vertical-align: text-top">(d)</sup> </div></td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="49" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Net income/(loss)</b> </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>6,899</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(1,175</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">3,139</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>97</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">880</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,925</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(2,225</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td align="left">$</td> <td align="right">780</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,919</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,271</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,439</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,134</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="49" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Average common equity </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>33,000</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">26,098</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">21,000</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>25,000</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">19,011</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">16,000</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>15,000</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">14,326</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">14,100</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>8,000</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">7,251</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,502</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Average assets </div></td> <td> </td> <td> </td> <td align="right"><b>699,039</b></td> <td> </td> <td> </td> <td> </td> <td align="right">832,729</td> <td> </td> <td> </td> <td> </td> <td align="right">700,565</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>407,497</b></td> <td> </td> <td> </td> <td> </td> <td align="right">304,442</td> <td> </td> <td> </td> <td> </td> <td align="right">241,112</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>192,749</b></td> <td> </td> <td> </td> <td> </td> <td align="right">173,711</td> <td> </td> <td> </td> <td> </td> <td align="right">155,957</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>135,408</b></td> <td> </td> <td> </td> <td> </td> <td align="right">114,299</td> <td> </td> <td> </td> <td> </td> <td align="right">87,140</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Return on average equity </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>21</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(5</td> <td nowrap="nowrap">)%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">15</td> <td nowrap="nowrap">%</td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">5</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">18</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(15</b></td> <td nowrap="nowrap"><b>)%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">5</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">21</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>16</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">20</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">17</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Overhead ratio </div></td> <td> </td> <td> </td> <td align="right"><b>55</b></td> <td> </td> <td> </td> <td> </td> <td align="right">112</td> <td> </td> <td> </td> <td> </td> <td align="right">71</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>51</b></td> <td> </td> <td> </td> <td> </td> <td align="right">51</td> <td> </td> <td> </td> <td> </td> <td align="right">57</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>27</b></td> <td> </td> <td> </td> <td> </td> <td align="right">31</td> <td> </td> <td> </td> <td> </td> <td align="right">32</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>38</b></td> <td> </td> <td> </td> <td> </td> <td align="right">41</td> <td> </td> <td> </td> <td> </td> <td align="right">48</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="49" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">(a)</td> <td> </td> <td>In addition to analyzing the Firm’s results on a reported basis, management reviews the Firm’s lines of business results on a “managed basis,” which is a non-GAAP financial measure. The Firm’s definition of managed basis starts with the reported U.S. GAAP results and includes certain reclassifications that do not have any impact on net income as reported by the lines of business or by the Firm as a whole.</td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">(b)</td> <td> </td> <td>In the second quarter of 2009, IB began reporting credit reimbursement from TSS as a component of total net revenue, whereas TSS continues to report its credit reimbursement to IB as a separate line item on its income statement (not part of net revenue). Reconciling items include an adjustment to offset IB’s inclusion of the credit reimbursement in total net revenue. Prior periods have been revised for IB and Reconciling items to reflect this presentation.</td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">(c)</td> <td> </td> <td>Includes merger costs, which are reported in the Corporate/Private Equity segment. Merger costs attributed to the business segments for 2009, 2008 and 2007 were as follows.</td> </tr> </table> </div> <div align="right"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="96%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">Year ended December 31, (in millions)</td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2008</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2007</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Investment Bank </div></td> <td> </td> <td align="right"><b>$</b></td> <td align="right"><b>27</b></td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">183</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right">$</td> <td align="right">(2</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Retail Financial Services </div></td> <td> </td> <td> </td> <td align="right"><b>228</b></td> <td> </td> <td> </td> <td> </td> <td align="right">90</td> <td> </td> <td> </td> <td> </td> <td align="right">14</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Card Services </div></td> <td> </td> <td> </td> <td align="right"><b>40</b></td> <td> </td> <td> </td> <td> </td> <td align="right">20</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right"> </td> <td align="right">(1</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial Banking </div></td> <td> </td> <td> </td> <td align="right"><b>6</b></td> <td> </td> <td> </td> <td> </td> <td align="right">4</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right"> </td> <td align="right">(1</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Treasury & Securities Services </div></td> <td> </td> <td> </td> <td align="right"><b>11</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">121</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Asset Management </div></td> <td> </td> <td> </td> <td align="right"><b>6</b></td> <td> </td> <td> </td> <td> </td> <td align="right">3</td> <td> </td> <td> </td> <td> </td> <td align="right">20</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Corporate/Private Equity </div></td> <td> </td> <td> </td> <td align="right"><b>163</b></td> <td> </td> <td> </td> <td> </td> <td align="right">132</td> <td> </td> <td> </td> <td> </td> <td align="right">58</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">(d)</td> <td> </td> <td>On September 25, 2008, JPMorgan Chase acquired the banking operations of Washington Mutual from the FDIC for $1.9 billion. The fair value of the net assets acquired exceeded the purchase price, which resulted in negative goodwill. In accordance with U.S. GAAP for business combinations, nonfinancial assets that are not held-for-sale, such as premises and equipment and other intangibles, acquired in the Washington Mutual transaction were written down against that negative goodwill. The negative goodwill that remained after writing down nonfinancial assets was recognized as an extraordinary gain.</td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">(e)</td> <td> </td> <td>Included a $1.5 billion charge to conform Washington Mutual’s loan loss reserve to JPMorgan Chase’s allowance methodology.</td> </tr> </table> </div> <div align="center"> <table style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="47%"></td> <td width="5%"></td> <td width="47%"></td> </tr>   <tr valign="bottom">  <td align="left" valign="top"></td> <td></td> <td align="right" valign="top"></td> </tr> <tr valign="bottom"> <td align="left" valign="top"></td> <td></td> <td align="right" valign="top"></td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 8pt; margin-top: 12pt">(table continued from previous page) </div> <div align="center"> <table style="font-size: 7pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="10%">  </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="12">Treasury &</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10">Asset</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10">Reconciling</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="10"> </td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td nowrap="nowrap" align="center" colspan="12" style="border-bottom: 1px solid #000000">Securities Services</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">Management</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">Corporate/Private Equity </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000">items<sup style="font-size: 85%; vertical-align: text-top">(g)</sup><sup style="font-size: 85%; vertical-align: text-top">(h)</sup></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="11" style="border-bottom: 1px solid #000000"><b>Total</b></td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2008</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2007</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2008</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2007</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2008</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2007</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2008</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2007</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2008</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2007</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="61" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>4,747</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,196</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">4,681</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>6,372</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">6,066</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">7,475</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>2,771</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left">$</td> <td align="right">(278</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left">$</td> <td align="right">5,056</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"><b>$</b></td> <td align="right"><b>(67</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td align="left">$</td> <td align="right">1,883</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">2,451</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>49,282</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">28,473</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">44,966</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>2,597</b></td> <td> </td> <td> </td> <td> </td> <td align="right">2,938</td> <td> </td> <td> </td> <td> </td> <td align="right">2,264</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>1,593</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,518</td> <td> </td> <td> </td> <td> </td> <td align="right">1,160</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>3,863</b></td> <td> </td> <td> </td> <td> </td> <td align="right">347</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(637</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(8,267</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(7,524</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(6,012</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>51,152</b></td> <td> </td> <td> </td> <td> </td> <td align="right">38,779</td> <td> </td> <td> </td> <td> </td> <td align="right">26,406</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="61" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>7,344</b></td> <td> </td> <td> </td> <td> </td> <td align="right">8,134</td> <td> </td> <td> </td> <td> </td> <td align="right">6,945</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>7,965</b></td> <td> </td> <td> </td> <td> </td> <td align="right">7,584</td> <td> </td> <td> </td> <td> </td> <td align="right">8,635</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>6,634</b></td> <td> </td> <td> </td> <td> </td> <td align="right">69</td> <td> </td> <td> </td> <td> </td> <td align="right">4,419</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(8,334</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(5,641</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(3,561</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>100,434</b></td> <td> </td> <td> </td> <td> </td> <td align="right">67,252</td> <td> </td> <td> </td> <td> </td> <td align="right">71,372</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>55</b></td> <td> </td> <td> </td> <td> </td> <td align="right">82</td> <td> </td> <td> </td> <td> </td> <td align="right">19</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>188</b></td> <td> </td> <td> </td> <td> </td> <td align="right">85</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(18</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>80</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">1,981</td> <td nowrap="nowrap"><sup style="font-size: 85%; vertical-align: text-top">(e)</sup><sup style="font-size: 85%; vertical-align: text-top">(f)</sup></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(11</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(6,443</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(3,612</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,380</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>32,015</b></td> <td> </td> <td> </td> <td> </td> <td align="right">20,979</td> <td> </td> <td> </td> <td> </td> <td align="right">6,864</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td><br /> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(121</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(121</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(121</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>121</b></td> <td> </td> <td> </td> <td> </td> <td align="right">121</td> <td> </td> <td> </td> <td> </td> <td align="right">121</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr valign="bottom" style="line-height: 4pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>5,278</b></td> <td> </td> <td> </td> <td> </td> <td align="right">5,223</td> <td> </td> <td> </td> <td> </td> <td align="right">4,580</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>5,473</b></td> <td> </td> <td> </td> <td> </td> <td align="right">5,298</td> <td> </td> <td> </td> <td> </td> <td align="right">5,515</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>1,895</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(28</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">1,757</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>52,352</b></td> <td> </td> <td> </td> <td> </td> <td align="right">43,500</td> <td> </td> <td> </td> <td> </td> <td align="right">41,703</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="61" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td><br /><br /><br /> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>1,890</b></td> <td> </td> <td> </td> <td> </td> <td align="right">2,708</td> <td> </td> <td> </td> <td> </td> <td align="right">2,225</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>2,304</b></td> <td> </td> <td> </td> <td> </td> <td align="right">2,201</td> <td> </td> <td> </td> <td> </td> <td align="right">3,138</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>4,659</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,884</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">2,673</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1,770</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,908</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,060</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>16,067</b></td> <td> </td> <td> </td> <td> </td> <td align="right">2,773</td> <td> </td> <td> </td> <td> </td> <td align="right">22,805</td> <td> </td> </tr> <tr valign="bottom"> <td><br /> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>664</b></td> <td> </td> <td> </td> <td> </td> <td align="right">941</td> <td> </td> <td> </td> <td> </td> <td align="right">828</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>874</b></td> <td> </td> <td> </td> <td> </td> <td align="right">844</td> <td> </td> <td> </td> <td> </td> <td align="right">1,172</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>1,705</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(535</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">788</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(1,770</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,908</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,060</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>4,415</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(926</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">7,440</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="61" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td><br /> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>1,226</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,767</td> <td> </td> <td> </td> <td> </td> <td align="right">1,397</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>1,430</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,357</td> <td> </td> <td> </td> <td> </td> <td align="right">1,966</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>2,954</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,349</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">1,885</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>11,652</b></td> <td> </td> <td> </td> <td> </td> <td align="right">3,699</td> <td> </td> <td> </td> <td> </td> <td align="right">15,365</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>76</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,906</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>76</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,906</td> <td> </td> <td> </td> <td> </td> <td align="right">—</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="61" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,226</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,767</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,397</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,430</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,357</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,966</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>3,030</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">557</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,885</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">—</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>11,728</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,605</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">15,365</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="61" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>5,000</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,751</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,000</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>7,000</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">5,645</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">3,876</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>52,903</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">53,034</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">54,245</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>—</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">—</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">—</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>145,903</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">129,116</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">118,723</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>35,963</b></td> <td> </td> <td> </td> <td> </td> <td align="right">54,563</td> <td> </td> <td> </td> <td> </td> <td align="right">53,350</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>60,249</b></td> <td> </td> <td> </td> <td> </td> <td align="right">65,550</td> <td> </td> <td> </td> <td> </td> <td align="right">51,882</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>575,529</b></td> <td> </td> <td> </td> <td> </td> <td align="right">323,227</td> <td> </td> <td> </td> <td> </td> <td align="right">231,818</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>(82,233</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(76,904</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(66,780</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right"><b>2,024,201</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,791,617</td> <td> </td> <td> </td> <td> </td> <td align="right">1,455,044</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>25</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">47</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">47</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>20</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">24</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">51</td> <td nowrap="nowrap">%</td> <td> </td> <td colspan="2" nowrap="nowrap" align="right"><b>NM</b></td> <td> </td> <td> </td> <td colspan="2" nowrap="nowrap" align="right">NM</td> <td> </td> <td> </td> <td colspan="2" nowrap="nowrap" align="right">NM</td> <td> </td> <td> </td> <td colspan="2" nowrap="nowrap" align="right"><b>NM</b></td> <td> </td> <td> </td> <td colspan="2" nowrap="nowrap" align="right">NM</td> <td> </td> <td> </td> <td colspan="2" nowrap="nowrap" align="right">NM</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>6</b></td> <td nowrap="nowrap"><b>%</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">4</td> <td nowrap="nowrap">%<sup style="font-size: 85%; vertical-align: text-top">(i)</sup></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">13</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td align="right"><b>72</b></td> <td> </td> <td> </td> <td> </td> <td align="right">64</td> <td> </td> <td> </td> <td> </td> <td align="right">66</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>69</b></td> <td> </td> <td> </td> <td> </td> <td align="right">70</td> <td> </td> <td> </td> <td> </td> <td align="right">64</td> <td> </td> <td> </td> <td colspan="2" align="right"><b>NM</b></td> <td> </td> <td> </td> <td colspan="2" align="right">NM</td> <td> </td> <td> </td> <td colspan="2" align="right">NM</td> <td> </td> <td> </td> <td colspan="2" align="right"><b>NM</b></td> <td> </td> <td> </td> <td colspan="2" align="right">NM</td> <td> </td> <td> </td> <td colspan="2" align="right">NM</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>52</b></td> <td> </td> <td> </td> <td> </td> <td align="right">65</td> <td> </td> <td> </td> <td> </td> <td align="right">58</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="61" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">(f)</td> <td> </td> <td>In November 2008, the Firm transferred $5.8 billion of higher quality credit card loans from the legacy Chase portfolio to a securitization trust previously established by Washington Mutual (“the Trust”). As a result of converting higher credit quality Chase-originated on-book receivables to the Trust’s seller’s interest which has a higher overall loss rate reflective of the total assets within the Trust, approximately $400 million of incremental provision for credit losses was recorded during the fourth quarter of 2008. This incremental provision for credit losses was recorded in the Corporate/Private Equity segment as the action related to the acquisition of Washington Mutual’s banking operations. For further discussion of credit card securitizations, see Note 15 on page 200 of this Annual Report.</td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">(g)</td> <td> </td> <td>Managed results for credit card exclude the impact of credit card securitizations on total net revenue, provision for credit losses and average assets, as JPMorgan Chase treats the sold receivables as if they were still on the balance sheet in evaluating the credit performance of the entire managed credit card portfolio as operations are funded, and decisions are made about allocating resources such as employees and capital, based on managed information. These adjustments are eliminated in reconciling items to arrive at the Firm’s reported U.S. GAAP results. The related securitization adjustments were as follows.</td> </tr> </table> </div> <div align="right"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="96%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">Year ended December 31, (in millions)</td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2008</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2007</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Noninterest revenue </div></td> <td> </td> <td nowrap="nowrap" align="right"><b>$</b></td> <td align="right"><b>(1,494</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="right">$</td> <td align="right">(3,333</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="right">$</td> <td align="right">(3,255</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net interest income </div></td> <td> </td> <td> </td> <td align="right"><b>7,937</b></td> <td> </td> <td> </td> <td> </td> <td align="right">6,945</td> <td> </td> <td> </td> <td> </td> <td align="right">5,635</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Provision for credit losses </div></td> <td> </td> <td> </td> <td align="right"><b>6,443</b></td> <td> </td> <td> </td> <td> </td> <td align="right">3,612</td> <td> </td> <td> </td> <td> </td> <td align="right">2,380</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Average assets </div></td> <td> </td> <td> </td> <td align="right"><b>82,233</b></td> <td> </td> <td> </td> <td> </td> <td align="right">76,904</td> <td> </td> <td> </td> <td> </td> <td align="right">66,780</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">(h)</td> <td> </td> <td>Segment managed results reflect revenue on a tax-equivalent basis with the corresponding income tax impact recorded within income tax expense/(benefit). The adjustments are eliminated in reconciling items to arrive at the Firm’s reported U.S. GAAP results. Tax-equivalent adjustments for the years ended December 31, 2009, 2008 and 2007 were as follows.</td> </tr> </table> </div> <div align="right"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="96%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left">Year ended December 31, (in millions)</td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2008</td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">2007</td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Noninterest revenue </div></td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>1,440</b></td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">1,329</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">683</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net interest income </div></td> <td> </td> <td> </td> <td align="right"><b>330</b></td> <td> </td> <td> </td> <td> </td> <td align="right">579</td> <td> </td> <td> </td> <td> </td> <td align="right">377</td> <td> </td> </tr> <tr valign="bottom" style="background: #ffffff"> <td> <div style="margin-left:15px; text-indent:-15px">Income tax expense </div></td> <td> </td> <td> </td> <td align="right"><b>1,770</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,908</td> <td> </td> <td> </td> <td> </td> <td align="right">1,060</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left"> <tr> <td width="3%"></td> <td width="1%"></td> <td width="96"></td> </tr> <tr valign="top"> <td nowrap="nowrap" align="left">(i)</td> <td> </td> <td>Ratio is based on net income.</td> </tr> </table> </div> <div align="center"> <table style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="47%"></td> <td width="5%"></td> <td width="47%"></td> </tr>   <tr valign="bottom">  <td align="left" valign="top"></td> <td></td> <td align="right" valign="top"></td> </tr> <tr valign="bottom"> <td align="left" valign="top"></td> <td></td> <td align="right" valign="top"></td> </tr>  </table> </div>   </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 12pt; margin-top: 0pt"> <b> </b> </div> <div style="position: relative"> </div> </div>  <!-- Begin Block Tagged Note false false No definition available. 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