J.P. Morgan Releases Third Annual Health Savings Account Program Snapshot Report

Report Details Savings and Usage Habits of Chase Health Savings Account Holders While Demonstrating Consistent Growth of Account Balances

New York, February 13, 2012 – J.P. Morgan’s (NYSE: JPM) Treasury Services business, a full-service provider of cash management, trade finance, treasury solutions and escrow services, today announced the results of its third annual health savings account (HSA) Program Snapshot report.

The 2011 HSA Program Snapshot report provides a transparent view of HSA usage patterns and trends among Chase HSA account holders, along with first-hand insight into how HSAs have become an integral part of helping individual consumers save and pay for medical expenses. Among the highlights in 2011:

• The average balance in 2011 for new HSA accounts rose to its highest level in 7 years – and is nearly $1,000
• The average HSA balance in 2011 was $1,547 – up 4 percent from 2010
• The average account contribution in 2011 was $1,912 versus $1,884 in 2010, an increase of approximately 1.5 percent
• The average accountholder is saving approximately $500 in taxes annually (assuming a 28 percent federal income tax rate).  Average balances are also increasing by approximately $500 per account per year an account is open
• 74 percent of accountholders contributed more than they spent during each month in 2011

“For the third consecutive year we have seen a significant increase in the adoption of HSAs and, more importantly, they continue to be used as an effective consumer tool for managing healthcare expenses,” said Elena Szymanski, Executive Director, J.P. Morgan Treasury Services. “Consumer-driven plans combined with HSAs remain a valuable option for employers and individuals who want to take advantage of paying for medical expenses tax-free.”

A full copy of J.P. Morgan’s HSA Program Snapshot is available at www.jpmorgan.com/visit/hsasnapshot.

As of February 2012, J.P. Morgan administers more than 900,000 HSAs with over $1.5 billion in HSA deposits. J.P. Morgan administers HSA programs in conjunction with many of the largest health insurance companies in the United States as well as Fortune 500 companies and small businesses and individuals across the nation.  For more information about J.P. Morgan’s HSA Program, please visit www.jpmorgan.com/hsa.

About J.P. Morgan Treasury Services
J.P. Morgan’s Treasury Services business is a full-service provider of innovative cash management, trade, liquidity and escrow services -- specifically developed to meet the challenges treasury professionals face today.   More than 135,000 corporations, financial institutions, governments and municipalities in over 180 countries and territories entrust their business to J.P. Morgan.  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 $2.2 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.