2011 Corporate Responsibility Report - JPMorgan Chase

GROWING THE ECONOMY
“Through the toughest of times, we continued to raise capital and provide loans and credit to our
customers. We helped build hospitals, schools and cities, and increased our loan commitments
to businesses of all sizes. Many of our clients expanded and created new jobs. We opened new
Facilitated more than
$900 million in projects
under the New Markets
Tax Credit Program
branches, hired bankers and helped companies raise capital around the world.”
At JPMorgan Chase, we are doing our
part to help the economy recover and
grow. Despite difficult economic times, we
stepped up our efforts in 2011. We raised
capital and provided credit of over
$1.8 trillion for our commercial and
consumer clients. We committed to
boost small business lending, and we
exceeded that commitment. We also
provided financing for larger businesses
and multinational corporations. Our people
across the U.S. and abroad met face-to-face
with business owners and chief executives
of organizations large and small, making
the loans they needed to expand their
businesses, open new factories and stores,
and hire new employees.
At the same time, we raised capital and
provided credit of over $68 billion
for more than 1,200 U.S. nonprofit
organizations and governments at every
level, helping to build roads, bridges,
hospitals and educational institutions.
Donated $10 million
to the Brookings Institution
to help launch the Global
Cities Initiative
Todd Maclin, CEO, Chase Consumer Business Banking
We helped our clients grow their operations
and their people, and we also expanded our
own company, adding more than 20,000 new
jobs across the globe, with a focus on hiring
some of America’s best: military veterans.
We extended credit to millions of consumers,
issuing new credit cards to 8.5 million
people and originating more than 765,000
mortgages to Americans purchasing homes.
(See Helping Homebuyers and Homeowners
for more information.)
Made nearly 400,000
new small business loans
and were named
#1 SBA lender
by volume for the
second year in a row
2011 CORPORATE RESPONSIBILITY REPORT 7