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BANK QUALIFICATIONS <br />a. Qualified Depository. Bank must be a qualified State or National public <br />depository, as defined in California Government Code Section 53630.5 and must <br />perform its obligations under this proposal in compliance with all applicable <br />federal and California state laws and regulations, statutes and policies. <br />JPMorgan Chase Bank, N.A. is a national banking association, organized and existing <br />under the laws of the United States pursuant to a charter issued by the Office of the <br />Comptroller of the Currency. <br />b, Federal Reserve Member, Bank must be a member of the Federal Reserve System <br />and have access to all Federal Reserve System services (e.g. check processing <br />including check 21, electronic funds transfer, safekeeping, delivery and custodial <br />services, etc,) <br />JPMorgan Chase Bank, N.A. is member of the Federal Reserve System. <br />c. Federally dnsured. Bank must be insured by the Federal Deposit Insurance <br />Corporation and be in good standing. <br />Deposits in JPMorgan Chase are insured by the FDIC as provided by law and <br />regulation. <br />d. Capitalization. Bank must be adequately capitalized to accommodate the City's <br />cash and investment management needs. <br />JPMorgan Chase & Co. is a leading global financial services firm with assets of $2.4 <br />trillion and operations worldwide. The firm is a leader in investment banking, <br />financial services for consumers, small business and commercial banking, financial <br />transaction processing, and asset management. We serve millions of consumers in <br />the United States and many of the world's most prominent corporate, institutional <br />and government clients. <br />JPMorgan Chase & Co. has a rock -solid foundation. As of June 30, 2oi6, we have: <br />• Market capitalization of more than $224.4 billion. <br />• Total equity of $252.4 billion. <br />• Deposits of more than $1.3 trillion. <br />• Loans of more than $872.8 billion. <br />• Tier 1 Capital and Total Capital ratios 13.6% (est) and 15.2% (est), <br />respectively. Ratios are calculated under the Basel III Standardized <br />Transitional Approach and represent the Collins Floor. <br />The latest JPMorgan Chase & Co. Annual Report is available at: <br />http://investor.shareholder.com/jpmorganchase/annual.cfm <br />55E -227 JPMorgan <br />