Exhibit 99
J. P. MORGAN CHASE & CO.
And
MORGAN GUARANTY TRUST COMPANY OF NEW YORK
As of December 31, 2000, Morgan Guaranty Trust Company of New York ("Morgan Guaranty") was a wholly owned bank subsidiary of J.P. Morgan Chase & Co., a Delaware corporation whose principal office is located in New York, New York. Morgan Guaranty was a commercial bank offering a wide range of banking services to its customers both domestically and internationally. Its business was subject to examination and regulation by Federal and New York State banking authorities.
On November 10, 2001, J. P. Morgan & Co. merged with The Chase Manhattan Bank. Upon consummation of the merger, The Chase Manhattan Bank changed its name to JP Morgan Chase & Co.
The following table sets forth certain summarized financial information of J.P. Morgan Chase & Co. and for Morgan Guaranty as of the dates and for the periods indicated. The information presented for the years ended December 31, 2007, 2006, 2005, 2004, and 2003 in accordance with generally accepted accounting principles.
| As of or for the year ended December 31, | | Heritage JP Morgan Chase Only | |
| (Dollars in millions) | | 2007 | | | 2006 | | | 2005 | | | 2004 (c) | | | 2003 | |
| | | | | | | | | | | | | | | | |
| Balance Sheet Data | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
| Total Loans | $ | 519,374 | | $ | 483,127 | | $ | 419,148 | | $ | 402,114 | | $ | 214,766 | |
| Total Assets | $ | 1,562,147 | | $ | 1,351,520 | | $ | 1,198,942 | | $ | 1,157,248 | | $ | 770,912 | |
| | | | | | | | | | | | | | | | |
| Total Deposits | $ | 740,728 | | $ | 638,788 | | $ | 554,991 | | $ | 521,456 | | $ | 326,492 | |
| Total Liabilities | $ | 1,438,926 | | $ | 1,235,730 | | $ | 1,091,731 | | $ | 1,051,595 | | $ | 724,758 | |
| | | | | | | | | | | | | | | | |
| Allowance for Credit Losses | $ | 10,084 | | $ | 7,803 | | $ | 7,490 | | $ | 7,812 | | $ | 4,847 | |
| | | | | | | | | | | | | | | | |
| Stockholder's Equity | $ | 123,221 | | $ | 115,790 | | $ | 107,211 | | $ | 105,653 | | $ | 46,154 | |
| (in millions) | | | | | | | | | | | | | | Heritage JPMorgan Chase only | |
| As of or for the year ended December 31, | | 2007 | | | 2006 | | | 2005 | | | 2004 | (f) | | 2003 | |
| |
| Selected income statement data | | | | | | | | | | | | | | | | | | | | |
| Noninterest revenue | | $ | 44,966 | | | $ | 40,757 | | | $ | 34,693 | | | $ | 26,209 | | | $ | 20,384 | |
| Net interest income | | | 26,406 | | | | 21,242 | | | | 19,555 | | | | 16,527 | | | | 12,807 | |
| |
| Total net revenue | | | 71,372 | | | | 61,999 | | | | 54,248 | | | | 42,736 | | | | 33,191 | |
| Provision for credit losses | | | 6,864 | | | | 3,270 | | | | 3,483 | | | | 2,544 | | | | 1,540 | |
| Total noninterest expense | | | 41,703 | | | | 38,843 | | | | 38,926 | | | | 34,336 | | | | 21,878 | |
| |
| Income from continuing operations before income tax expense | | | 22,805 | | | | 19,886 | | | | 11,839 | | | | 5,856 | | | | 9,773 | |
| Income tax expense | | | 7,440 | | | | 6,237 | | | | 3,585 | | | | 1,596 | | | | 3,209 | |
| |
| Income from continuing operations | | | 15,365 | | | | 13,649 | | | | 8,254 | | | | 4,260 | | | | 6,564 | |
Income from discontinued operations (a) | | | 0 | | | | 795 | | | | 229 | | | | 206 | | | | 155 | |
| |
| Net income | | $ | 15,365 | | | $ | 14,444 | | | $ | 8,483 | | | $ | 4,466 | | | $ | 6,719 | |
| (c) | | On July 1, 2004, Bank One Corporation merged with and into JPMorgan Chase. Accordingly, 2004 results include six months of the combined Firm’s results and six months of heritage JPMorgan Chase results. |
| (f) | | On July 1, 2004, Bank One Corporation merged with and into JPMorgan Chase. Accordingly, 2004 results include six months of the combined Firm’s results and six months of heritage JPMorgan Chase results. |
| | | |
J.P. Morgan Chase & Co. will provide without charge a copy of the Form 10-K for the fiscal year ended
December 31, 2007 and a copy of the most recent quarterly Consolidated Reports of Condition and Income filed with the Board of Governors of the Federal Reserve System, with exhibits omitted. Written requests should be directed to: Office of the Secretary, J.P. Morgan Chase & Co., 270 Park Avenue, New York, New York 10017.
The information set forth above relates to and has been obtained from J.P. Morgan Chase & Co. The delivery of this 10-K shall not create any implication that there has been no change in the affairs of J.P. Morgan Chase & Co since the date hereof, or that the information contained herein or referred to above is correct as of any time subsequent to its date.
