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3. Provide Bank's current long -term debt rating (Moody's /S &P /Fitch) and current <br />capitalization (defined as combined capital, less borrowed capital and surplus). <br />J.P. Morgan is routinely rated by industry experts Moody's, Standard & Poor's, <br />and Fitch. Ratings are shown below. <br />JPMorgan Chase Batik, N.A. <br />and Chase Bank USA, <br />ooi <br />N.A. Credit Ratings - October <br />Poor's <br />14, 2oi6 <br />Fitch <br />JPMorgan Chase & Co. Credit <br />Ratings - October 14,2016 <br />A113 <br />A+ <br />AA- <br />oo&Poor's <br />Fitch <br />Long -term issuer rating <br />A3 <br />A- <br />A+ <br />Short -term issuer rating <br />P -2 <br />A -2 <br />Fi <br />Senior unsecured <br />A3 <br />A- <br />A+ <br />Subordinated debt <br />Baat <br />BBB+ <br />A <br />JPMorgan Chase Batik, N.A. <br />and Chase Bank USA, <br />ooi <br />N.A. Credit Ratings - October <br />Poor's <br />14, 2oi6 <br />Fitch <br />Long -term issuer rating <br />A113 <br />A+ <br />AA- <br />Short -term issuer rating <br />P -t <br />A -t <br />Fr+ <br />Senior unsecured <br />Aa3 <br />A+ <br />AA- <br />Short -term <br />Pa <br />A -i <br />Fi+ <br />Subordinated debt <br />At <br />A- <br />A <br />These credit ratings are provided for information purposes only. Credit ratings are solely the opinions of the rating agencies. <br />J.P. Morgan does not endorse, and accepts no responsibility for, the credit ratings issued by the rating agencies. Credit <br />ratings maybe changed, superseded or withdrawn by the rating agencies at any time. <br />The table below presents capital ratios for JPMorgan Chase Bank, N.A. as of June <br />30, 2016 and December 31, 2015, under the Basel III Standardized Transitional <br />Approach and represent the Collins Floor. <br />As of June 30, 2016 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 />Please see Appendix 1 for bank qualifications response. <br />Page 4 JYMorgan <br />55E -99 <br />