Restricted Cash and Other Restricted Assets

6 Months Ended

Jun. 30, 2020

Cash and Cash Equivalents [Abstract]

Restricted Cash and Other Restricted Assets

Restricted cash and other restricted

assets

Refer to Note 26 of JPMorgan Chase’s 2019 Form 10-K for a detailed discussion of the Firm’s restricted cash and other restricted assets.

Certain of the Firm’s cash and other assets are restricted as to withdrawal or usage. These restrictions are imposed by various regulatory authorities based on the particular activities of the Firm’s subsidiaries.

The Firm is also subject to rules and regulations established by other U.S. and non U.S. regulators. As part of its compliance with the respective regulatory requirements, the Firm’s broker-dealer activities are subject to certain restrictions on cash and other assets.

The following table presents the components of the Firm’s restricted cash:

(in billions)	June 30, 2020		December 31, 2019
Cash reserves – Federal Reserve Banks(a)	$	—	$	26.6
Segregated for the benefit of securities and cleared derivative customers	20.5		16.0
Cash reserves at non-U.S. central banks and held for other general purposes	4.7		3.9
Total restricted cash(b)	$	25.2	$	46.5

(a) Effective March 26, 2020, the Federal Reserve temporarily eliminated reserve requirements for depository institutions.

(b) Comprises $23.9 billion and $45.3 billion in deposits with banks, and $1.3 billion and $1.2 billion in cash and due from banks on the Consolidated balance sheet as of June 30, 2020 and December 31, 2019, respectively.

Also, as of June 30, 2020 and December 31, 2019, the Firm had the following other restricted assets:

• Cash and securities pledged with clearing organizations for the benefit of customers of $35.7 billion and $24.7 billion, respectively.

•

Securities with a fair value of $5.7 billion and $8.8 billion, respectively, were also restricted in relation to customer activity.