According to just released disclosure forms, President Barack Obama has between $500,000-1,000,000 in assets in a JP Morgan Chase account. The full title of the account, as it’s written on the disclosures, is “JPMorgan Chase Private Client Asset Mgmt Checking Account.” It is a jointly held account, presumably with First Lady Michelle Obama.
Additionally, according to the disclosure forms, President Obama has between $1,001-$15,000 in a JP Morgan Chase checking account.
Disclosures are made in estimated numbers; precise dollar amounts need not be revealed.
These assets perhaps help explain President Obama’s recent praise of the bank. “JPMorgan is one of the best-managed banks there is. Jamie Dimon, the head of it, is one of the smartest bankers we got and they still lost $2 billion and counting,” President Obama said on the View yesterday.