J.P. Morgan Reaches Key Milestones in Deployment of Enhanced Treasury and Investment Technology

New Technology Platforms for Liquidity and International Demand Deposit Account Management Deployed to Help Clients Maximize Value of Cash Holdings

NEW YORK - MAY 11, 2010 — As part of its long term investment in its global technology infrastructure, J.P. Morgan Treasury Services today announced that it has reached significant milestones in the deployment of its new platforms for liquidity and international demand deposit account (iDDA) management. J.P. Morgan's new liquidity platform has been installed in Australia, China, Hong Kong, India, New Zealand and Singapore, while enhanced iDDA platforms are now live in Dublin, London, Madrid, Manila, Singapore and Vietnam.

J.P. Morgan's fully integrated web-based liquidity management platform – J.P. Morgan ACCESS Liquidity Solutions – which will be deployed globally, gives clients greater transparency into their cash and investment balances and greater control of their global liquidity positions. It provides clients with the ability to view and manage their global cash concentration structures online; invest surplus liquidity into a variety of instruments; and enhance their operating efficiency with a more streamlined and consistent service and uniform portfolio of products across multiple locations.

"Our new liquidity management platform has been initially launched in Asia Pacific locations as the region is a key area of focus for the firm," said Randy White, Liquidity Solutions Executive, J.P. Morgan. "We will continue to deploy the J.P. Morgan ACCESS Liquidity Solutions platform throughout this year in Asia, Europe and the United States. We remain committed to delivering solutions for visibility, concentration and investments that enable clients to maximize the value of their cash and short term liquidity."

J.P. Morgan's new iDDA platform provides significantly enhanced reporting for clients through the system's real-time capabilities. Clients benefit from greater visibility into their global transactional accounts. The development of the new platform enables J.P. Morgan to implement new countries faster and more cost effectively, as well as deliver enhanced features on a global basis. J.P. Morgan will continue to install new iDDA platforms around the world throughout the year.

These technology deployments are part of J.P. Morgan's three-year $3 billion global investment plan to enhance its cash management and treasury liquidity capabilities, expand its regional footprint and reinvest in its technology solutions in key markets around the world. This investment will further make it easier for J.P. Morgan clients to move, concentrate, invest and manage their cash around the world. The expansion plan reflects J.P. Morgan's ongoing commitment to corporations and financial institutions operating in markets across the globe, as well as the bank's mission to continue bringing global payment capabilities and expertise to clients locally.

About J.P. Morgan Treasury Services
The Treasury Services business of J.P. Morgan is a top-ranked, full-service provider of innovative payment, collection, liquidity management, trade finance, commercial card and information solutions to corporations, financial services institutions, middle market companies, small businesses, governments and municipalities worldwide. With more than 100,000 clients and services provided in more than 60 countries and 40 states, J.P. Morgan Treasury Services is one of the world's largest providers of treasury management services and a division of JPMorgan Chase Bank, N.A., member FDIC. More information can be found at www.jpmorgan.com/ts.

About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.1 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