WaMu added $125 billion in earning assets to JPMC
In the “but wait, there’s more!” category, a comparative report run on the FDIC’s SDI site shows how many assets were added to JPMorgan’s reported figures from WaMu. The figures were the difference between December 31, 2008 and June 30, 2008 reports:
JPMorgan Chase Bank
Average Assets: + $155,838,896,000
Average Earning Assets: + $124,812,902,000
Average Equity: + $7,818,629,000 *
Average Loans: + $78,149,132,000
* Remember that many of WaMu’s assets were marked down to zero by JPMC’s “accounting”.
Link to the spreadsheet
September 1, 2010
Update 2 – WMBfsb had the $4 billion deposit
Filed under: Sources — Tags: $4 billion deposit, FDIC, wamu, WMBfsb — Max @ 5:47 pm
BREAKING NEWS: According to FDIC’s June 2009 (latest) SOD at WMBfsb’s former main branch at Sagewood, Utah, JPMorgan Chase still reported $3,710,186,000 in deposits at this location. There is a strong possibility that this was WMI’s 29th account, and the largest deposit in dispute during the bankruptcy proceedings. See report extract
NEW: Download All WMB, WMBfsb SOD (Jun. 30, 2008) (Excel Spreadsheet format)
Using the cert numbers provided in the FDIC report cited earlier today, the Author ran a report of WMBfsb’s deposits from its last disclosure period ending June 30, 2008. The result? The $4 billion deposit was there, sticking out like a sore thumb among sixteen branches in Utah at the Sagewood Dr. location.
See the report, or go to the FDIC SOD download site.