This Supplementary Regulatory Capital and Pillar 3 Disclosure document is unaudited and should be read in conjunction with the 2022 Annual Report. All amounts are in. | May 31, 2023
the u.s. postal service is warning that with losses topping $3 billion so far this year, it may have to default on its payments. officials are pleading with congress for help. they d like to eliminate saturday mail delivery and reduce soaring labor costs to try to offset declining mail volume and future retiree benefits. the senate has passed a relief measure but the house has yet to act. speaking of money, there is word of another huge financial loss this morning. this time for the nation s largest bank. jpmorgan chase says that one of its trading portfolios has taken an unexpected $2 billion hit in the last six weeks. that portfolio was designed as a contingency against risky moves the company makes with its own money. jpmorgan chase s stock dropped almost 7% in after-hours trading. a commuter jet had to make an emergency landing in boston after a passenger tried to open a cabin door in flight. the usairways plane was heading to philadelphia from portland, maine, when the man who