Official Statement Airport Commission City and County of San ...

THE BANK
The following information has not been independently confirmed or verified by the Commission or the
Remarketing Agents. Neither the Commission nor the Remarketing Agents make any representation herein as to the
accuracy or adequacy of such information or as to the absence of material adverse changes in such information
subsequent to the date hereof, or that the information given below or incorporated herein by reference is correct as
of any time subsequent to its date.
JPMorgan Chase Bank, National Association (“the Bank”) is a wholly owned bank subsidiary of JPMorgan
Chase & Co., a Delaware corporation whose principal office is located in New York, New York. The Bank offers a
wide range of banking services to its customers, both domestically and internationally. It is chartered and its business is
subject to examination and regulation by the Office of the Comptroller of the Currency.
As of September 30th, 2009, JPMorgan Chase Bank, National Association, had total assets of $1,670 billion,
total net loans of $550.2 billion, total deposits of $962.5 billion, and total stockholder’s equity of $129.1 billion.
These figures are extracted from the Bank’s unaudited Consolidated Reports of Condition and Income (the “Call
Report”) as at September 30th, 2009, prepared in accordance with regulatory instructions that do not in all cases
follow U.S. generally accepted accounting principles, which are filed with the Federal Deposit Insurance
Corporation. The Call Report, including any update to the above quarterly figures, can be found at www.fdic.gov.
Additional information, including the most recent annual report on Form 10-K for the year ended
December 31, 2008, of JPMorgan Chase & Co., the 2008 Annual Report of JPMorgan Chase & Co., and additional
annual, quarterly and current reports filed with or furnished to the Securities and Exchange Commission (the “SEC”)
by JPMorgan Chase & Co., as they become available, may be obtained without charge by each person to whom this
Official Statement is delivered upon the written request of any such person to the Office of the Secretary, JPMorgan
Chase & Co., 270 Park Avenue, New York, New York 10017 or at the SEC’s website at www.sec.gov.
The information contained in this section “THE BANK” relates to and has been obtained from the Bank.
The delivery of the Official Statement shall not create any implication that there has been no change in the affairs of
the Bank since the date hereof, or that the information contained or referred to in this Section “THE BANK” is
correct as of any time subsequent to its date.
CERTAIN RISK FACTORS
This section provides a general overview of certain risk factors which should be considered, in addition to
the other matters set forth in this Official Statement, in evaluating an investment in the 2010A Bonds. This section is
not meant to be a comprehensive or definitive discussion of the risks associated with an investment in the 2010A
Bonds, and the order in which this information is presented does not necessarily reflect the relative importance of
various risks. Potential investors in the 2010A Bonds are advised to consider the following factors, among others,
and to review this entire Official Statement to obtain information essential to the making of an informed investment
decision. Any one or more of the risk factors discussed below, among others, could lead to a decrease in the market
value and/or in the marketability of the 2010A Bonds, or in the ability of the Commission to make timely payments of
principal of or interest on the 2010A Bonds. There can be no assurance that other risk factors not discussed herein
will not become material in the future.
Uncertainties of the Aviation Industry
General Factors Affecting Airport Revenues
The principal determinants of passenger demand at the Airport include the growth in the population and
economy of the Airport service region; national economic conditions; political conditions, including, wars, other
hostilities and acts of terrorism; airline airfares, and competition from surrounding airports; airline service and route
networks; the capacity of the national air transportation system and the Airport; accidents involving commercial
passenger aircraft; and the occurrence of pandemics. See also “SAN FRANCISCO INTERNATIONAL AIRPORT–Existing
Airline Agreements–Potential Effects of an Airline Bankruptcy” and “–Competition.”
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