J.P. Morgan to Drive Growth of Health Savings Account Business Through New Nationwide Broker Program

J.P. Morgan Supplements Existing National Sales Team with Turn-Key,
Dedicated Support for Brokers and Third Party Administrators

NEW YORK, November 30, 2010 -- J.P. Morgan Treasury Services, one of the largest administrators of Health Savings Accounts (HSA) in the United States, today announced that it is expanding its nationwide sales drive by launching an HSA broker program. In response to market demand, J.P. Morgan will provide brokers and third party administrators (TPAs) with a dedicated service and support unit. J.P. Morgan currently serves more than 550,000 HSA account holders, supports more than 10,000 employers and manages deposits approaching $1 billion.

As part of its new program, J.P. Morgan provides access to administrative, marketing, education and sales tools to facilitate brokers in their dialogue with clients. J.P. Morgan assists brokers with their proposals to clients, and provides detailed cost estimates and the relevant statistical data needed to support sales efforts. Once a client is up and running, J.P. Morgan continues to provide support to help ensure the ongoing success of each program, as well as updates on any pending changes to HSA regulations.

For small and mid-sized companies, J.P. Morgan offers streamlined, easy-to-implement HSA programs that can be set up in as little as five days. J.P. Morgan also offers more customizable plans for TPAs and large companies with more complex benefit needs.

"Over the past year, J.P. Morgan has seen a significant increase in the number of brokers and third party administrators looking to work directly with us to provide best-in-class HSA programs to small and large employers nationwide," said David Josephs, Managing Director, J.P. Morgan Treasury Services. "We are pleased to offer a new level of service for brokers and TPAs as businesses continue to see the value in offering Health Savings Accounts to their employees."

J.P. Morgan has successfully worked with a number of brokers over the past year during the pilot phase of this program. One is Denver-based Gundzik & Associates, Inc. which has been providing its clients with employee and executive benefits products since 1973 and has worked with J.P. Morgan since 2009. According to Michael J. Gundzik, "Teaming with J.P. Morgan enables me to offer a quality brand to clients and the ability to pair the HSA with High Deductible Health Plans from any insurance company. My clients don't have to switch HSA administrators just because they switch health plans. I can count on J.P. Morgan's broker service unit to answer any questions I have on enrollment or funding, and help get my clients up and running in just a few days."

For additional information on J.P. Morgan's broker program, visit www.jpmorgan.com/hsa.

About J.P. Morgan Healthcare Solutions
J.P. Morgan Healthcare Solutions provides a comprehensive suite of products, services and financial settlement tools for consumers, insurers, physicians, hospitals and other healthcare providers through two core businesses - Consumer-Directed Healthcare and Business-to-Business Solutions. J.P. Morgan Healthcare Solutions is part of the firm's Treasury Services business. 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 $2.1 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.