EFTA01495078.pdf

JPMorgan Chase Bank, N.A. JEEPERS, INC. ACCT. 270 Park Avenue, New York, NY 10017-2014 For the Period 3/1/12 to 3/31/12 Asset Account J.P. Morgan Team Client News J.P. Morgan Securities LLC's (JPMS LLC) and Paul Morris Banker J.P. Morgan Clearing Corp.'s (JPMCC) Net Capital Paul Barrett Investment Specialist and Net Capital Requirements Janet Young Client Service Team At December 31, 2011, JPMS LLC's net capital of $11.1 Gina Magliocco Client Service Team billion exceeded the minimum regulatory net capital Online access www.MorganOnline.com requirement of $1.6 billion by $9.5 billion. JPMCC's net capital of $7.4 billion was approximately 7.7% of aggregate debit items and exceeded the minimum No market value or activity to report during this period regulatory net capital requirement of $1.9 billion by $5.5 billion. Please see disclosures located at the end of this statement package for important information relating to each J.P.Morgan account(s). Complete copies of JPMS LLC's and JPMCC's individual audited Statement of Financial Condition may be obtained, at no cost, by accessing the following JPMorgan Chase 8 Co. website address: http://Investor.shareholder.comfgamorganchase/financial -condition.cfm Additionally, you may call the following toll free phone number to request a hard copy of the statement: 1-866-576-13O0. Effective in the second quarter, we will be implementing a new pricing procedure with regard to your statements. In cases where we are unable to obtain a current price from an internal or external source for a particular security, the price column on your statements may Indicate "unpriced". Although such securities may have value. please note that if a security is indicated as -unpricecr it will not be Included in your overall current market value as reflected on the statement. J.P.Morgan 00X017131 ISO 1500(101 JEEPECO 20120403 Page 1 of 1 Confidential Treatment Requested by JPMorgan JPM-SDNY-00018211 Chase CONFIDENTIAL SDNY_GM_00287409 EFTA01495078