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55E - RESO - AGMT - DEPOSITORY SRVS
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55E - RESO - AGMT - DEPOSITORY SRVS
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Last modified
12/1/2016 5:01:03 PM
Creation date
12/1/2016 4:49:35 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
55E
Date
12/6/2016
Destruction Year
2021
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As of June 30, 2o16 and December 31, 2015, JPMorgan Chase & Co. and all of its <br />banking subsidiaries were well - capitalized and met all capital requirements to <br />which each was subject. <br />g. Community Reinvestment Act (CRA). Bank must be in compliance and in good <br />standing with the Community Reinvestment Act. Provide the Bank's CRA rating. <br />As a leader in financial services, J.P. Morgan Chase, N.A. has always viewed <br />corporate responsibility as a key component of our culture, and we take our role in <br />leading the way forward seriously. JPMorgan Chase Bank, N.A. receives a rating from <br />the CRA Examinations once every three to four years. <br />The most recent CRA examination completed by the Office of the Comptroller of the <br />Currency (OCC), as of December 31, 2oio, resulted in an overall Satisfactory <br />rating. In addition to the overall bank rating, each state receives a separate rating. <br />JPMC was rated Outstanding for its CRA activities in the State of California. The <br />most recent examination is available at: <br />bttp: / /www.occ gov/ static /cra /craeval/ju1.12 /8.pdf <br />Additionally, our philanthropic efforts further multiply the impact to our <br />communities. We recognize the overall importance of managing our business <br />responsibly and have built a culture around "doing the right thing" in our dealings <br />with clients and communities. <br />h. Involvement with City Sponsored Programs. Bank shall demonstrate that it <br />meets, or its willingness to meet, council policy established in 1979, quoted as <br />follows. "Council policy shall be to require banks to participate in, or to support <br />City sponsored programs for community improvement in order to receive City <br />demand deposit accounts and to remain on the City's depository list. " Describe In <br />detail, current or proposed participation on specific projects and community <br />involvement activity in the City of Santa Ana. <br />Since our founding more than 200 years ago, JPMorgan Chase has been a leader in <br />our communities and we continue to deploy our resources at a local level. <br />We have provided the following overview of our activities that support the <br />community of Santa Ana and its constituents. <br />• As of September 2016, JPMorgan Chase & Co. employed 72 employees in <br />Santa Ana and we have 137 employees living in the City. We serve <br />approximately' 72,88'7 consumers and more than 4,429 small businesses <br />in Santa Ana through 4 banking centers and 19 ATMs. <br />• In 2014 and 2015, 27 Santa Ana -based JPMC employees volunteered <br />167.5 hours of their time in the community. <br />55E -229 J P organ <br />
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