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JPMorgan Chase & Co.
Dec 14, 2009
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JPMorgan Chase Plans Continued Support for Sound Lending and Regulatory Reform

New York, December 14, 2009 -- JPMorgan Chase & Co. (NYSE: JPM) confirmed that Chairman and CEO Jamie Dimon would attend today's White House meeting to discuss the bank's plans to continue to support the Administration's objectives of increased and responsible lending to individuals and businesses, increased efforts to keep families in their homes, better consumer protections, and responsible executive compensation.

As a global financial services firm, JPMorgan Chase is connected to many corners of the economy and is working together, every day, with its customers, communities, employees and vendors to support a successful economic rebound.

"This is simply what a bank should do," said JPMorgan Chase Chairman and CEO Jamie Dimon.

JPMorgan Chase serves over 90 million consumers and 2 million small businesses across the country.  The firm lends to approximately 10,000 government organizations, non profits, hospitals and schools in the United States, and the investment bank has client relationships with over 4,000 issuers and 15,000 investor clients globally. As a market leader, the bank has led the market with $120 billion in corporate loans to its large, corporate clients this year and raised $580 billion for clients in the global debt and equity markets.

The bank spends more than $15 billion per year with approximately 40,000 vendors, who provide jobs to millions of employees. JPMorgan Chase pays more than $10 billion a year in taxes to the U.S. federal government as well as to state and local jurisdictions.

Specifically, JPMorgan Chase continues to focuses its efforts on:

Supporting Small Businesses:

Stepping Up for Local Governments and Non Profits:

Mortgage Modifications:

Supporting Financial Regulatory Reform:

Upholding Sound Executive Compensation Principles:

JPMorgan Chase is committed to working with policymakers and looks forward to hearing President Obama's ideas about improving the economy and getting people back to work.  For more information on JPMorgan Chase's work to help the economic recovery and serve its communities, visit www.jpmorganchase.com/thewayforward.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and 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.