J.P. Morgan International Council As of December 31, 2011

Rt. Hon. Tony Blair Gao Xi-Qing Patrice Motsepe Ex-Officio Members Chairman of the Council Vice Chairman, President and Executive Chairman Quartet Representative and Chief Investment Officer African Rainbow Minerals Limited Former Prime Minister of Great Britain China Investment Corporation Chislehurston, Sandton, South Africa Chairman and Chief Executive Officer and Northern Ireland Beijing, The People’s Republic of China JPMorgan Chase & Co. London, United Kingdom Michael Pram Rasmussen New York, New York Jürgen Grossmann Chairman of the Board Chief Executive Officer A.P. Møller-Maersk Group Andrew Crockett Khalid A. Al-Falih RWE AG Copenhagen, Denmark Special Advisor to the Chairman President and Chief Executive Officer Essen, Germany JPMorgan Chase & Co. Saudi Aramco Ratan Naval Tata San Francisco, California Dhahran, Saudi Arabia William B. Harrison, Jr. Chairman Former Chairman and Tata Sons Limited Arminio Fraga Neto Kofi A. Annan Chief Executive Officer Mumbai, India Founding Partner and Chief Investment Former UN Secretary-General JPMorgan Chase & Co. Officer, Gávea Investimentos, Ltd. Chairman, Kofi Annan Foundation New York, New York Hon. Tung Chee Hwa GBM JPMorgan Chase & Co. Geneva, Switzerland Vice Chairman Rio de Janeiro, Brazil Hon. Carla A. Hills National Committee of the Chinese Alberto Bailléres Chairman and Chief Executive Officer People’s Political Dr. Jacob A. Frenkel Presidente del Consejo de Administración Hills & Company International Consultative Conference Chairman, International Grupo Bal Consultants Hong Kong, The People’s Republic JPMorgan Chase & Co. México D.F., Mexico Washington, District of Columbia of China New York, New York

Franco Bernabé Franz B. Humer Álvaro Uribe Vélez Walter A. Gubert Chairman and Chief Executive Officer Chairman Former President of the Republic Vice Chairman Telecom Italia S.p.A. Roche Holding Ltd. of Colombia JPMorgan Chase & Co. Rome, Italy Basel, Switzerland Bogotá DC, Colombia Brussels, Belgium

Michael A. Chaney Hon. Henry A. Kissinger Cees J.A. van Lede David Mayhew, CBE Chairman Chairman Former Chairman and Chief Executive Former Chairman, J.P. Morgan National Australia Bank Limited Kissinger Associates, Inc. Officer, Board of Management JPMorgan Chase & Co. Perth, Western Australia New York, New York Akzo Nobel London, United Kingdom Arnhem, The Netherlands Anatoly B. Chubais Mustafa V. Koç Director General Chairman of the Board of Directors Douglas A. Warner III Russian Corporation of Koç Holding A.S¸. Former Chairman of the Board Nanotechnologies — ­RUSNANO Istanbul, Turkey J.P. Morgan Chase & Co. Inc. Moscow, Russian Federation New York, New York Hon. Lee Kuan Yew Hon. Richard M. Daley Former Minister Mentor, John S. Watson Former Mayor of Chicago Republic of Singapore and Chairman and Chief Executive Officer Chicago, Illinois Senior Advisor, Government of Chevron Corporation Singapore Investment Corporation San Ramon, California Martin Feldstein Singapore, Republic of Singapore President Emeritus Jaime Augusto Zobel de Ayala National Bureau of Economic Gérard Mestrallet Chairman and Chief Executive Officer Research, Inc. Chairman and Chief Executive Officer Ayala Corporation Cambridge, GDF SUEZ Makati City, Philippines Paris la Défense, France

Akio Mimura Representative Director and Chairman Nippon Steel Corporation Tokyo, Japan

312 JPMorgan Chase & Co./2011 Annual Report Regional Advisory Board

Stanley M. Bergman Jeffrey S. Flug Richard S. LeFrak Samuel I. Newhouse III Chairman and Chief Executive Officer President Chairman and General Manager Henry Schein Inc. Union Square Hospitality Group Chief Executive Officer Advance Publications Inc. LeFrak Organization Richard A. Bernstein Martin E. Franklin William C. Rudin Chairman and Chairman and Richard B. Leventhal Vice Chairman and Chief Executive Officer Chief Executive Officer Chairman and Chief Executive Officer P&E Capital, Inc. Jarden Corporation Chief Executive Officer Rudin Management Company, Inc. Fedway Associates, Inc. Rod Brayman Neil Golub Steven M. Safyer, M.D. President and Chief Executive Officer and John LiDestri President and Chief Executive Officer Chairman of the Board President and Chief Executive Officer Phoenix Beverages The Golub Corporation Chief Executive Officer Montefiore Medical Center LiDestri Foods, Inc. Christopher B. Combe David R. Jaffe C. David Sammons Chairman and President and Leo Liebowitz President and Chief Executive Officer Chief Executive Officer Chairman Chief Executive Officer Combe Incorporated Ascena Retail Group, Inc. Getty Realty Corp. Subaru Distributors Corporation

Joseph J. Corasanti Tod Johnson William L. Mack John Shalam President and Chairman and Founder and Chairman Chairman Chief Executive Officer Chief Executive Officer AREA Property Partners Audiovox Corporation CONMED Corporation The NPD Group, Inc. Peter Markson Kenneth L. Wallach Roger N. Farah Richard W. Kunes Chairman and Chairman and President and Executive Vice President, Chief Executive Officer Chief Executive Officer Chief Operating Officer Chief Financial Officer Paris Accessories, Inc. Central National-Gottesman Inc. Ralph Lauren Corporation The Estée Lauder Companies James F. McCann Fred Wilpon James Fernandez Stephen J. Large Chief Executive Officer Chairman Executive Vice President and President and 1-800-Flowers.com Sterling Equities, Inc. Chief Operating Officer Chief Executive Officer Tiffany & Co. SI Group, Inc. John Morphy Former Senior Vice President, Frank Lourenso Stanley Fleishman Chief Financial Officer Chairman Chief Executive Officer and Secretary Regional Advisory Board Jetro Cash & Carry Enterprise, LLC Paychex, Inc.

JPMorgan Chase & Co./2011 Annual Report 313 Board of Directors

James A. Bell 1 James S. Crown 5 Laban P. Jackson, Jr. 1 Member of: Retired Executive Vice President President Chairman and 1 Audit Committee The Boeing Company Henry Crown and Company Chief Executive Officer 2 Compensation & (Aerospace) (Diversified investments) Clear Creek Properties, Inc. Management Development (Real estate development) Committee Crandall C. Bowles 1, 4 Jamie Dimon 3 Corporate Governance & Chairman Chairman and David C. Novak 2, 3 Nominating Committee Springs Industries, Inc. Chief Executive Officer Chairman and 4 Public Responsibility (Window fashions) JPMorgan Chase & Co. Chief Executive Officer Committee Yum! Brands, Inc. 5 Risk Policy Committee Stephen B. Burke 2, 3 Ellen V. Futter 4, 5 (Franchised restaurants) Chief Executive Officer President and Trustee NBCUniversal, LLC American Museum of Lee R. Raymond 2, 3 Executive Vice President Natural History Retired Chairman and Comcast Corporation (Museum) Chief Executive Officer (Television and Exxon Mobil Corporation entertainment) William H. Gray, III 1, 4 (Oil and gas) Chairman David M. Cote 4, 5 Gray Global Strategies, Inc. William C. Weldon 2, 3 Chairman and (Consulting and advisory) Chairman and Chief Executive Officer Chief Executive Officer Honeywell International Inc. Johnson & Johnson (Diversified technology and (Health care products) manufacturing)

Operating Committee

Jamie Dimon Stephen M. Cutler John J. Hogan Jes Staley Chairman and General Counsel Chief Risk Officer Investment Bank CEO Chief Executive Officer John L. Donnelly Todd Maclin Barry L. Zubrow Frank J. Bisignano Head of Human Resources Consumer & Business Head of Corporate & Regulatory Affairs Chief Administrative Officer and Banking CEO Mortgage Banking CEO Ina R. Drew Chief Investment Officer Douglas B. Petno Douglas L. Braunstein Commercial Banking CEO Chief Financial Officer Mary Callahan Erdoes Asset Management CEO Gordon A. Smith Michael J. Cavanagh Card, Merchant Services & Treasury & Securities Services CEO Auto Finance CEO

314 JPMorgan Chase & Co./2011 Annual Report Executive Committee

Gaby A. Abdelnour Craig M. Delany Thomas J. Higgins Michael O’Brien Jack M. Stephenson Asia Pacific Mortgage Banking Chief Administrative Office Asset Management Mobile, E-commerce and Payments Nicolas Aguzin Klaus Diederichs Robert C. Holmes Sandra E. O’Connor Latin America Investment Bank Commercial Banking Finance Glenn Tilton Midwest Peter K. Barker Phil Di Iorio Dinkar Jetley Daniel E. Pinto California Asset Management Worldwide Securities Services Investment Bank and EMEA Irene Tse Chief Investment Office Paul T. Bateman Joseph M. Evangelisti Catherine M. Keating Louis Rauchenberger Asset Management Corporate Communications Asset Management Treasury & Securities Services Lauren M. Tyler Audit Philip F. Bleser Dr. Jacob A. Frenkel James B. Lee, Jr. Richard Sabo Global Corporate Bank JPMorgan Chase International Investment Bank Chief Investment Office Jeffrey H. Urwin Investment Bank Peter J. Bocian Martha J. Gallo Achilles O. Macris Emilio Saracho Corporate Services and Chief Compliance Officer Chief Investment Office Investment Bank William S. Wallace Finance Card Services George C. Gatch Mel R. Martinez Peter L. Scher Phyllis J. Campbell Asset Management Florida, Mexico, Central Corporate Responsibility Shannon S. Warren Pacific Northwest America and Caribbean; Finance Scott Geller JPMorgan Chase Foundation Eileen M. Serra Richard M. Cashin Business Banking Card Services Kevin P. Watters Blythe S. Masters Mortgage Banking Walter A. Gubert Investment Bank Marc Sheinbaum Guy Chiarello Europe, Middle East and Africa Auto Finance and Student Kevin D. Willsey Chief Information Officer Donald H. McCree, III Loans Investment Bank Gregory L. Guyett Treasury Services Paul H. Compton Global Corporate Bank Larry D. Slaughter Douglas Wurth Investment Bank Ryan McInerney Investment Bank Asset Management Carlos M. Hernandez Consumer Banking Kimberly B. Davis Investment Bank Barry Sommers Matthew E. Zames Global Philanthropy Chase Wealth Management Investment Bank

Other Corporate Officers

Anthony J. Horan Sarah M. Youngwood Secretary Investor Relations

JPMorgan Chase & Co./2011 Annual Report 315 Regional Chief Executive Officers

Asia Pacific Europe, Middle East, Africa Latin America

Gaby A. Abdelnour Daniel E. Pinto Nicolas Aguzin

Senior Country Officers

Asia Pacific Europe Latin America North America

Australia/New Zealand Benelux/Nordics Andean Region Canada Robert C. Priestley John S. Gilbert Lisandro Miguens David E. Rawlings China Central & Eastern Europe Argentina Zili Shao Walter Schuster Facundo D. Gomes Minujin Hong Kong France Brazil Michael Fung Isabelle Seillier Claudio F. Berquo India Germany/Austria/Switzerland Chile Kalpana Morparia Karl Altenburg Vicente Monge Indonesia Iberia Mexico Haryanto Budiman Enrique Casanueva Eduardo F. Cepeda

Japan Italy Christopher L. Harvey Francesco Rossi Ferrini Korea Portugal Steve Lim Guillermo Baygual Malaysia Russia/Ukraine Steve R. Clayton Jeffrey R. Costello Philippines Roberto L. Panlilio Middle East, North Africa Singapore Philip Lee Middle East/North Africa Sjoerd Leenart Taiwan Carl K. Chien Bahrain Ali Moosa Thailand M.L. Chayotid Kridakon Israel Roy Navon Vietnam Dominic Price Nigeria Tosin T. Adewuyi Saudi Arabia Abdulaziz Al Helaissi Turkey Emre Derman UAE Ehsun A. Zaidi

Sub-Saharan Africa

Sub-Saharan Africa John J. Coulter

316 JPMorgan Chase & Co./2011 Annual Report JPMorgan Chase & Co. Financial Highlights Corporate headquarters Directors Direct deposit of dividends As of or for the year ended December 31, 270 To contact any of the Board members or For information about direct deposit (in millions, except per share, ratio data and headcount) 2011 2010 New York, NY 10017-2070 committee chairs, the Presiding Director of dividends, please contact Telephone: 212-270-6000 or the non-management directors as a Computershare Shareowner Services LLC. Reported basis(a) jpmorganchase.com group, please mail correspondence to: Total net revenue $ 97,234 $ 102,694 Stockholder inquiries Total noninterest expense 62,911 61,196 JPMorgan Chase & Co. Principal subsidiaries Contact Computershare Shareowner Pre-provision profit 34,323 41,498 Attention (Board member(s)) JPMorgan , Services LLC: Provision for credit losses 7,574 16,639 Office of the Secretary National Association Net income $ 18,976 $ 17,370 Chase Bank USA, New York, NY 10017-2070 By telephone: Per common share data National Association Within the United States, Canada and Net income per share: J.P. Morgan Securities LLC The Corporate Governance Principles Puerto Rico: 800-758-4651 Basic $ 4.50 $ 3.98 J.P. Morgan Securities Ltd. of the Board, the charters of the principal (toll free) Board committees, the Code of Conduct, Diluted 4.48 3.96 From all other locations: Annual Report on Form 10-K the Code of Ethics for Finance Professionals Cash dividends declared 1.00 0.20 201-680-6578 (collect) Book value 46.59 43.04 The Annual Report on Form 10-K of and other governance information can JPMorgan Chase & Co. as filed with the be accessed by visiting our website at TDD service for the hearing impaired Selected ratios U.S. Securities and Exchange Commission jpmorganchase.com and clicking on within the United States, Canada and Return on common equity 11% 10 % will be made available without charge “Governance” under the “About us” tab. Puerto Rico: 800-231-5469 (toll free) (b) Return on tangible common equity 15 15 upon request to: All other locations: Tier 1 capital ratio 12.3 12.1 Office of the Secretary Transfer agent and registrar 201-680-6610 (collect) Total capital ratio 15.4 15.5 JPMorgan Chase & Co. Computershare Shareowner Services LLC (b) Tier 1 common capital ratio 10.1 9.8 270 Park Avenue 480 Washington Boulevard By mail: Selected balance sheet data (period-end) New York, NY 10017-2070 Jersey City, NJ 07310-2053 Computershare Shareowner Services LLC Telephone: 800-758-4651 Total assets $ 2,265,792 $ 2,117,605 480 Washington Boulevard computershare.com Loans 723,720 692,927 Stock listing Jersey City, NJ 07310-2053 Deposits 1,127,806 930,369 New York Stock Exchange Investor Services Program Total stockholders’ equity 183,573 176,106 London Stock Exchange Duplicate mailings Tokyo Stock Exchange JPMorgan Chase & Co.’s Investor Services If you receive duplicate mailings because Headcount 260,157 239,831 Program offers a variety of convenient, you have more than one account listing The New York Stock Exchange ticker low-cost services to make it easier to and you wish to consolidate your accounts, (a) Results are presented in accordance with accounting principles generally accepted in the United States of America, symbol for the common stock of reinvest dividends and buy and sell shares please write to Computershare Shareowner except where otherwise noted. of JPMorgan Chase & Co. common stock. (b) Non-GAAP financial measure. For further discussion, see “Explanation and reconciliation of the firm’s use of JPMorgan Chase & Co. is JPM. Services LLC at the address above. non-GAAP financial measures” and “Regulatory capital” in this Annual Report. A brochure and enrollment materials may Financial information about JPMorgan be obtained by contacting the Program Independent registered public Chase & Co. can be accessed by visiting Administrator, Computershare Shareowner accounting firm Services LLC, by calling 800-758-4651, the Investor Relations website at PricewaterhouseCoopers LLP by writing to the address indicated jpmorganchase.com. Additional 300 Madison Avenue above or by visiting its website at questions should be addressed to: New York, NY 10017-6204 bnymellon.com/shareowner/equityaccess. JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm Investor Relations and one of the largest banking institutions in the United States, with operations JPMorgan Chase & Co. 270 Park Avenue worldwide; the firm has $2.3 trillion in assets and $183.6 billion in stockholders’ New York, NY 10017-2070 equity. The firm is a leader in investment banking, financial services for consumers Telephone: 212-270-6000 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 “JPMorgan Chase,” “J.P. Morgan,” “Chase,” As of the beginning of 2009, JPMorgan Chase & Co. and many of the world’s most prominent corporate, institutional and government the Octagon Symbol and other words has distributed shareholder information under the or symbols in this report that identify U.S. Securities and Exchange Commission “Notice and clients under its J.P. Morgan and Chase brands. JPMorgan Chase services are service marks Access” rule. As a result, the firm prints 700,000 of JPMorgan Chase & Co. Other words or fewer Annual Reports and Proxy Statements, which Information about J.P. Morgan capabilities can be found at jpmorgan.com and symbols in this report that identify other saves on an annual basis approximately 6,400 trees

about Chase capabilities at chase.com. Information about the firm is available parties’ goods and services may be and 800 metric tons of CO2 emissions. trademarks or service marks of those at jpmorganchase.com. This Annual Report is printed on paper made from other parties. well-managed forests and other controlled sources. The paper is independently certified by BVQI to the Forest Stewardship Council (FSC) standards. The paper contains a minimum of 20% post-consumer waste recycled fibers. ©2012 JPMorgan Chase & Co. All rights reserved. Printed in the U.S.A.

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