JPMorgan Chase & Co. operates as a bank. The company offers demand deposits and interest and non-interest bearing time and savings deposits. It's deposits include jumbo deposits and retail time deposits. It provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases. It offers consumer loans, including credit card loans, revolving credit plans, and automotive loans. The bank offers commercial real estate loans for land development and on-site construction of industrial, commercial, residential, or farm buildings in the United States; real estate-backed residential loans; and commercial loans collateralized by real estate properties. It offers domestic and foreign commercial and industrial loans. The bank offers loans for the purpose of financing agricultural production; loans which include planned and unplanned overdrafts, to governments in non-U.S. countries, to their official institutions, and to international and regional institutions. For 2017, the company has an asset value of 2.62 billion USD. The bank has generated a net income of 32.5 million USD in December 31, 2017. The company was formerly known as Chase Manhattan Corp (De) and changed its name to JPMorgan Chase & Co. in December 2000. JPMorgan Chase & Co. was founded in 1799 and is based in New York, New York.