gdp forecasts - chase.com forecasts output and employment june 2, 2014 regional perspectives:...

46

Upload: ngotuong

Post on 27-Mar-2018

221 views

Category:

Documents


2 download

TRANSCRIPT

Page 1: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…
Page 2: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

GDP Forecasts

OUTPUT AND EMPLOYMENT

June 2, 2014

Regional Perspectives: Alabama Economic Outlook

Commercial Banking 2

REAL GDP (% over the four quarters of the year) 2007 2008 2009 2010 2011 2012 2013 2014 2015

United States 1.9 -2.8 -0.2 2.8 2.0 2.0 2.6 3.5 3.8

Alabama 0.8 -1.3 -1.5 2.0 1.1 1.2 1.5 2.4 3.0Alaska 1.7 3.4 4.1 -0.4 1.5 1.0 1.2 2.6 3.6Arizona 1.0 -3.9 -5.3 0.5 2.0 2.5 2.7 3.7 4.1Arkansas 0.4 -0.6 -0.3 1.8 0.9 0.9 1.2 3.0 3.3California 0.5 -2.2 -3.1 0.6 2.0 3.5 3.6 4.1 4.3Colorado 1.9 0.0 -0.5 2.0 1.9 2.7 4.0 4.5 4.4Connecticut 0.5 -3.3 -1.8 0.7 -0.1 0.6 2.0 2.6 3.2Delaware -0.1 -2.1 2.0 0.5 0.6 1.3 3.1 3.2 3.7District of Columbia 2.4 1.6 0.8 2.6 1.3 1.0 2.0 3.1 3.7Florida -0.8 -4.4 -3.6 0.5 1.5 2.8 3.8 4.2 4.2Georgia 1.0 -2.6 -2.9 1.7 2.1 2.4 3.0 3.4 3.7Hawaii 1.2 -0.8 -1.2 2.7 1.9 1.9 2.6 3.2 3.8Idaho 2.4 -1.1 -1.2 1.0 0.2 1.2 2.8 3.5 3.8Illinois 0.2 -2.1 -1.5 1.9 2.0 1.6 1.4 2.6 3.4Indiana 0.7 -3.8 -1.5 4.8 2.6 2.6 2.0 3.4 4.0Iowa 1.9 -2.1 -0.3 2.0 2.3 2.1 1.9 2.9 3.6Kansas 3.1 -0.7 -1.1 2.8 2.5 1.4 1.8 2.9 3.5Kentucky -0.4 -1.7 -0.7 3.9 1.8 1.3 1.2 2.3 3.5Louisiana -2.4 0.3 4.2 2.6 -1.1 1.5 1.7 2.5 3.4Maine -0.4 -1.5 -0.4 1.3 0.5 0.6 1.4 2.5 2.9Maryland 1.5 0.4 0.5 2.7 1.9 1.9 1.5 2.7 3.5Massachusetts 1.3 -0.4 -0.1 3.0 1.9 2.0 2.1 3.3 3.8Michigan -2.3 -7.2 -4.0 4.4 3.0 2.1 2.1 3.1 4.2Minnesota 0.7 -0.4 -1.1 2.4 2.3 3.0 2.5 3.6 4.1Missouri 2.8 -0.7 -1.8 0.8 0.2 1.9 1.4 2.4 3.0Montana 1.1 -0.8 -2.0 1.3 0.9 1.9 2.0 2.9 3.3Montana 2.4 -1.2 -0.6 2.2 2.3 2.1 2.4 3.3 3.8Nebraska 2.4 0.6 1.4 3.1 1.7 1.4 1.8 3.1 3.6Nevada 1.2 -5.1 -5.3 0.4 1.7 2.0 3.6 4.6 4.2New Hampshire 0.1 -1.1 0.1 2.9 1.5 0.7 1.6 2.8 3.3New Jersey 0.5 -1.6 -2.1 1.0 0.6 1.5 1.8 2.3 2.9New Mexico 0.1 0.1 1.4 0.3 -0.1 0.3 1.4 3.4 3.8New York -0.2 -1.9 0.6 2.9 1.2 1.4 1.9 3.1 3.7North Carolina 1.5 -0.7 -0.1 1.6 1.3 2.8 3.0 3.3 3.8North Dakota 6.0 6.4 4.6 7.4 9.9 10.0 5.6 7.3 6.8Ohio -0.7 -3.7 -2.9 2.4 2.6 1.9 1.8 3.0 3.8Oklahoma 2.8 1.5 -0.9 1.1 2.0 1.8 2.0 3.5 4.0Oregon 3.7 1.5 0.1 4.9 3.7 3.3 2.9 4.0 4.1Pennsylvania 1.2 -1.1 -1.1 2.1 1.8 1.2 1.0 2.5 3.2Puerto RicoRhode Island -1.6 -2.0 -0.6 0.6 0.5 1.4 1.9 3.0 3.4South Carolina 1.3 -2.4 -1.8 2.4 2.4 2.5 2.6 3.6 4.1South Dakota 4.0 2.9 0.1 1.7 2.8 0.5 1.5 3.2 4.2Tennessee 0.1 -1.3 -1.5 2.4 2.7 2.6 2.1 3.6 4.1Texas 3.6 0.1 1.2 3.9 4.0 4.2 3.6 4.7 5.0Utah 4.0 1.2 0.2 2.5 3.0 3.4 3.7 4.6 5.1Vermont -0.6 -1.2 0.2 3.9 1.2 1.0 1.1 2.2 3.2Virgin IslandsVirginia 0.6 -0.3 0.9 2.8 1.1 1.1 1.3 2.4 3.4Washington 3.5 -0.4 -0.7 2.2 2.6 3.2 2.8 3.6 4.1West Virginia -0.9 -0.5 1.6 2.8 2.4 2.0 0.7 2.4 3.2Wisconsin -0.4 -2.5 -0.7 2.4 1.3 1.4 1.9 3.3 3.8Wyoming 4.3 4.5 1.6 -1.7 -1.4 0.4 1.5 3.2 3.6

Page 3: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Employment Forecasts

OUTPUT AND EMPLOYMENT

June 2, 2014

Regional Perspectives: Alabama Economic Outlook

Commercial Banking 3

EMPLOYMENT (% over the four quarters of the years) 2007 2008 2009 2010 2011 2012 2013 2014 2015

United States 0.9 -2.0 -4.1 0.6 1.5 1.7 1.8 1.8 1.4

Alabama 1.4 -2.4 -5.0 0.5 0.0 1.0 1.1 0.6 0.6Alaska 1.1 1.3 -0.7 2.2 1.4 1.5 0.5 0.7 1.2Arizona 0.9 -4.5 -6.8 0.1 1.7 2.3 1.9 2.2 1.6Arkansas 0.6 -1.1 -3.1 0.8 1.1 -0.1 0.6 1.4 1.0California 0.5 -2.7 -5.5 0.7 1.2 3.2 2.6 2.2 1.9Colorado 2.3 -0.7 -4.9 0.6 2.0 2.8 2.8 2.8 2.1Connecticut 1.0 -1.4 -4.3 0.5 0.8 1.0 1.0 0.5 0.9Delaware 0.1 -2.0 -4.4 1.1 0.1 1.4 2.4 1.2 1.3District of Columbia 1.3 0.6 0.0 1.7 1.6 2.0 0.8 1.1 1.4Florida -1.0 -5.1 -5.2 0.8 1.3 2.3 2.7 2.5 1.8Georgia 0.7 -2.8 -5.0 0.6 1.0 1.7 2.1 1.5 1.4Hawaii 0.7 -2.6 -4.2 1.1 1.2 2.5 1.6 1.2 1.4Idaho 1.8 -3.1 -4.9 0.1 1.8 2.0 1.7 1.6 1.5Illinois 0.6 -1.7 -5.0 0.9 1.0 1.4 0.9 0.8 1.0Indiana 0.4 -2.5 -4.9 1.3 2.0 1.4 1.8 1.5 1.5Iowa 0.9 -0.5 -3.3 0.6 1.4 1.3 1.9 0.9 1.2Kansas 1.8 0.0 -4.4 0.5 0.9 1.4 1.6 0.9 1.1Kentucky 0.9 -2.3 -3.5 1.2 1.3 1.3 0.7 0.6 1.0Louisiana 2.7 0.5 -3.0 0.2 1.2 1.2 1.6 0.5 1.0Maine 0.7 -1.4 -3.1 0.2 0.4 0.3 1.0 0.9 0.5Maryland 0.5 -1.3 -2.8 1.0 0.9 1.3 0.7 1.1 1.1Massachusetts 1.0 -0.6 -3.1 1.4 1.3 1.6 1.5 1.6 1.3Michigan -1.2 -3.9 -6.0 1.4 2.5 1.7 1.7 1.4 1.7Minnesota 0.5 -1.0 -4.0 0.9 1.9 1.6 2.0 1.9 1.6Missouri 0.7 -2.1 -4.3 0.8 0.0 0.9 1.4 0.2 0.7Montana 0.5 -1.2 -3.9 0.0 0.4 1.2 1.5 1.1 0.9Montana 2.3 -1.1 -3.2 0.1 1.6 2.2 1.2 2.1 1.4Nebraska 1.8 0.1 -2.8 0.6 1.1 1.6 1.0 1.5 1.2Nevada 0.4 -4.9 -8.3 -0.8 1.2 2.1 3.1 3.1 1.7New Hampshire 0.6 -0.7 -3.2 0.3 0.7 1.1 1.0 1.2 0.9New Jersey 0.2 -2.2 -3.3 -0.6 0.5 1.1 0.9 0.3 0.5New Mexico 1.3 -0.7 -4.5 -0.3 0.1 1.5 -0.4 1.4 1.4New York 1.3 -0.4 -2.8 1.2 1.5 1.4 1.4 1.5 1.3North Carolina 1.7 -2.2 -5.4 1.0 1.2 1.9 2.2 1.2 1.5North Dakota 1.9 2.0 -0.1 4.0 6.8 6.4 3.6 5.8 4.5Ohio -0.1 -2.5 -5.2 1.0 1.4 1.6 1.0 1.6 1.3Oklahoma 2.0 0.7 -4.4 1.1 1.7 2.3 0.9 2.1 1.6Oregon 1.1 -2.8 -5.6 1.0 0.9 1.5 2.6 2.3 1.6Pennsylvania 0.6 -0.9 -3.1 1.3 0.8 0.5 0.5 0.8 0.8Puerto Rico -1.2 -1.8 -7.6 -2.1 0.6 1.5 -1.5 0.9 1.0Rhode Island -1.3 -3.0 -3.7 0.5 0.7 1.1 1.2 1.6 1.0South Carolina 1.0 -2.8 -5.4 1.4 1.2 2.1 2.4 1.7 1.6South Dakota 1.7 0.7 -2.4 1.0 1.2 1.3 0.5 1.9 1.7Tennessee 0.7 -2.6 -4.9 1.3 2.1 1.7 1.5 1.9 1.6Texas 3.2 0.9 -3.7 2.0 2.2 3.3 2.7 3.3 2.4Utah 3.4 -2.0 -5.0 1.2 2.6 3.7 2.9 3.2 2.5Vermont -0.2 -1.1 -3.0 1.3 1.1 0.7 0.6 0.5 0.8Virgin Islands -0.7 -1.2 -4.1 3.4 -3.7 -8.4 -2.9 -2.4 -0.6Virginia 0.9 -0.8 -3.2 1.1 1.2 1.3 0.2 0.9 1.0Washington 2.6 -1.0 -4.5 0.7 1.3 2.2 2.0 2.2 1.6West Virginia 0.3 0.2 -2.7 1.2 1.8 0.2 0.0 0.9 0.8Wisconsin 0.4 -1.0 -4.7 1.0 0.8 1.3 1.5 1.4 1.3Wyoming 4.0 1.9 -6.2 1.3 2.0 0.1 1.2 1.6 1.2

Page 4: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Unemployment Rate Trends …

UNEMPLOYMENT RATE (PERCENT) WHAT THE CHART SHOWS:

Unemployment varies widely across the

nation, with the rate ranging from a low of

2.6 percent in North Dakota to 8.3 percent in

Rhode Island.

Nonetheless, the trends are highly

synchronized across all states—the main

point of the illustration on this page.

Also, the illustration gives the impression—

consistent with the data—that the hardest hit

states in the recession have been improving

the fastest.

KEY MESSAGES:

Despite the weaknesses of the

unemployment rate, the message remains

valuable, that labor markets are broadly

improving everywhere.

Source: US Department of Labor. Updated through April

2014 (state) and April 2014 (US).

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 4

0

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

0

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

1976 1979 1982 1985 1988 1991 1994 1997 2000 2003 2006 2009 2012 2015

National unemployment represented by the thick black line

Page 5: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

… Falling Everywhere

UNEMPLOYMENT RATE (PERCENT) WHAT THE CHART SHOWS:

This figure reflects a closer-up view of recent

employment trends shown in the figure on

the previous page.

Unemployment continues to drift down in

most states.

KEY MESSAGES:

Unemployment is expected to decline more

slowly in coming years, as previously-

discouraged workers re-enter the labor

force.

Source: US Department of Labor. Updated through April

2014 (state) and April 2014 (US).

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 5

0

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

0

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

2007 2008 2009 2010 2011 2012 2013 2014 2015

Al Ak

Az Ar

Ca Co

Ct De

DC Fl

Ga Hi

Id Il

In Ia

Ks Ky

La Me

Md Ma

Mi Mn

Ms Mo

Mt Ne

Nv NH

NJ NM

NM NC

ND Oh

Ok Or

Pa RI

SC SD

Tn Tx

Ut Vt

Va Wa

WV Wi

Wy US

National unemployment represented by the thick black line

Page 6: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Unemployment in Recession

STATE RANKINGS BY SEVERITY OF THE RECESSION IN UNEMPLOYMENT TERMS WHAT THE TABLE SHOWS:

The table ranks states in terms of the

current level of unemployment relative to

where it stood at the cycle low in March

2007.

Unemployment has fallen significantly in

states that were derailed by real estate

excesses, but it remains high in many of

those states relative to the national average.

KEY MESSAGES:

States derailed by the housing debacle are

turning the corner faster than many as the

real estate excesses are cleared.

Source: US Department of Labor. Updated through April

2014 (state) and April 2014 (US).

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 6

March 2007 Cycle Peak Change

(%) (%) (pct pts)

Nevada 4.3 13.9 9.6Florida 3.6 11.4 7.8California 5.0 12.4 7.4Michigan 6.8 14.2 7.4Alabama 3.2 10.4 7.2Arizona 3.7 10.8 7.1Rhode Island 4.8 11.9 7.1North Carolina 4.6 11.3 6.7Illinois 4.7 11.4 6.7Oregon 5.0 11.6 6.6Tennessee 4.4 11.0 6.6South Carolina 5.6 11.9 6.3Puerto Rico 10.6 16.9 6.3Indiana 4.6 10.8 6.2Idaho 2.7 8.8 6.1Georgia 4.4 10.4 6.0Utah 2.4 8.4 6.0Great Lakes 5.3 11.3 5.9Pacific Northwest 4.6 10.5 5.9Washington 4.4 10.2 5.8

US 4.4 10.0 5.6

Colorado 3.5 9.1 5.6New Jersey 4.2 9.7 5.5Connecticut 4.4 9.5 5.1Ohio 5.5 10.6 5.1Delaware 3.4 8.4 5.0DC 5.4 10.4 5.0Kentucky 5.7 10.7 5.0Missouri 4.7 9.6 4.9Tri-state (Northeast) 4.3 9.2 4.9Wyoming 2.8 7.5 4.7New York 4.3 8.9 4.6Hawaii 2.5 7.1 4.6Maryland 3.4 8.0 4.6New Mexico 3.4 8.0 4.6Mississippi 6.5 11.0 4.5Virginia 2.9 7.4 4.5Pennsylvania 4.2 8.7 4.5West Virginia 4.1 8.5 4.4Wisconsin 4.8 9.2 4.4Massachusetts 4.5 8.7 4.2Texas 4.3 8.3 4.0Maine 4.5 8.4 3.9Louisiana 3.9 7.8 3.9Minnesota 4.6 8.3 3.7Montana 3.2 6.8 3.6Kansas 4.1 7.5 3.4Vermont 3.9 7.2 3.3New Hampshire 3.7 6.7 3.0Oklahoma 4.2 7.2 3.0Arkansas 5.2 8.1 2.9Iowa 3.6 6.4 2.8South Dakota 2.9 5.3 2.4

Alaska 5.9 8.2 2.3

Nebraska 2.8 4.9 2.1

North Dakota 3.0 4.2 1.2

Note: Bold red fonts denote above-average changes.

Page 7: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Unemployment Report Card,

Fifth Quintile

DEVIATION OF UNEMPLOYMENT FROM MARCH 2007 RATE (PERCENTAGE POINTS) WHAT THE CHART SHOWS:

Trends in the unemployment rate since the

March 2007 low for the top quintile of states

that still suffer from the greatest increases in

unemployment.

KEY MESSAGES:

States troubled by real estate excesses

dominate the list.

Source: US Department of Labor. Updated through April

2014 (state) and April 2014 (US).

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 7

0

1

2

3

4

5

6

7

8

9

10

11

-1

0

1

2

3

4

5

6

7

8

9

10

11

2007 2008 2009 2010 2011 2012 2013 2014

Alabama

Nevada

Rhode Island

New Mexico

Arizona

Illinois

Puerto Rico

California

New Jersey

Florida

US

Page 8: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Unemployment Report Card,

Fourth Quintile

DEVIATION OF UNEMPLOYMENT FROM MARCH 2007 RATE (PERCENTAGE POINTS) WHAT THE CHART SHOWS:

Trends in the unemployment rate since the

March 2007 low (the cumulative change in

the unemployment rate in percentage points

since March 2007) for the second quintile of

states in terms of the severity of the rise in

unemployment.

KEY MESSAGES:

Unemployment has settled back down

recently, after edging up a bit this spring.

Source: US Department of Labor. Updated through April

2014 (state) and April 2014 (US).

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 8

-1

0

1

2

3

4

5

6

7

8

9

10

2007 2008 2009 2010 2011 2012 2013 2014

Florida

Georgia

Colorado

Connecticut

Tri-state (Northeast)

New York

Delaware

DC

Maryland

Idaho

Virginia

US

Page 9: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Unemployment Report Card,

Third Quintile

DEVIATION OF UNEMPLOYMENT FROM MARCH 2007 RATE (PERCENTAGE POINTS) WHAT THE CHART SHOWS:

Trends in the unemployment rate since the

March 2007 low for the middle quintile of

states, with regard to the rise in the

unemployment rate during the recession.

KEY MESSAGES:

Unemployment in this group of states

appears to have stalled.

Source: US Department of Labor. Updated through April

2014 (state) and April 2014 (US).

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 9

-1

0

1

2

3

4

5

6

7

8

9

10

2007 2008 2009 2010 2011 2012 2013 2014

US

Kentucky

Tennessee

Hawaii

Oregon

West Virginia

Missouri

Pacific Northwest

Washington

North Carolina

Montana

Massachusetts

Pennsylvania

Page 10: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Unemployment Report Card,

Second Quintile

DEVIATION OF UNEMPLOYMENT FROM MARCH 2007 RATE (PERCENTAGE POINTS) WHAT THE CHART SHOWS:

Trends in the unemployment rate since the

March 2007 low for the states that rank in

the second-best quintile, with reference to

the deterioration in unemployment during the

recession.

KEY MESSAGES:

The states that fall in this “bucket” suffered

only a modest setback in the housing

recession and are supported by strength in

manufacturing, energy, or agriculture.

Source: US Department of Labor. Updated through April

2014 (state) and April 2014 (US).

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 10

-1

0

1

2

3

4

5

6

7

8

9

10

2007 2008 2009 2010 2011 2012 2013 2014

US

Utah

Indiana

Maine

Arkansas

Great Lakes

Mississippi

Wisconsin

Texas

Wyoming

South Dakota

Page 11: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Unemployment Report Card,

First Quintile

DEVIATION OF UNEMPLOYMENT FROM MARCH 2007 RATE (PERCENTAGE POINTS) WHAT THE CHART SHOWS:

Trends in the unemployment rate since the

March 2007 low for the best quintile in terms

of the rise in unemployment.

KEY MESSAGES:

Some of the states in this category have had

a dramatic turnaround in their economies,

including Michigan, Iowa, Ohio, and

Massachusetts.

Source: US Department of Labor. Updated through April

2014 (state) and April 2014 (US).

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 11

-1

0

1

2

3

4

5

6

7

8

9

10

2007 2008 2009 2010 2011 2012 2013 2014

US

Nebraska

Kansas

New Hampshire

Iowa

Oklahoma

Michigan

Louisiana

Alaska

Ohio

Minnesota

South Carolina

North Dakota

Page 12: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Unemployment Rate Drop,

Since the Respective Peaks

UNEMPLOYMENT SINCE THE RESPECTIVE PEAK UNEMPLOYMENT RATE WHAT THE TABLE SHOWS:

The table ranks states by how much the

unemployment rate has declined since the

respective peak in unemployment for each

state.

The Great Lakes region has seen the most

impressive declines in unemployment.

Also, states held back by real estate

excesses have recovered rapidly.

KEY MESSAGES:

Improvement in the job market is coming in

some surprising places.

Source: US Department of Labor. Updated through April

2014 (state) and April 2014 (US).

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 12

Peak rate April 2014 Change(% ) (% ) (pct pts)

Michigan 14.2 7.4 -6.8

South Carolina 11.9 5.3 -6.6

Nevada 13.9 8.0 -5.9

Florida 11.4 6.2 -5.2

Indiana 10.8 5.7 -5.1

North Carolina 11.3 6.2 -5.1

Ohio 10.6 5.7 -4.9

Tennessee 11.0 6.3 -4.7

Oregon 11.6 6.9 -4.7

Great Lakes 11.3 6.7 -4.6

California 12.4 7.8 -4.6

Utah 8.4 3.8 -4.6

Pacific Northwest 10.5 6.4 -4.1

Washington 10.2 6.1 -4.1

Arizona 10.8 6.9 -3.9

Vermont 7.2 3.3 -3.9

Idaho 8.8 5.0 -3.8

Wyoming 7.5 3.7 -3.8

US 10.0 6.3 -3.7

Minnesota 8.3 4.7 -3.6

Rhode Island 11.9 8.3 -3.6

Alabama 10.4 6.9 -3.5

Illinois 11.4 7.9 -3.5

Mississippi 11.0 7.5 -3.5

Georgia 10.4 7.0 -3.4

Wisconsin 9.2 5.8 -3.4

Louisiana 7.8 4.5 -3.3

Puerto Rico 16.9 13.6 -3.3

Texas 8.3 5.2 -3.1

Colorado 9.1 6.0 -3.1

Missouri 9.6 6.6 -3.0

Kentucky 10.7 7.7 -3.0

Pennsylvania 8.7 5.7 -3.0

DC 10.4 7.5 -2.9

New Jersey 9.7 6.9 -2.8

Kansas 7.5 4.8 -2.7

Maine 8.4 5.7 -2.7

Hawaii 7.1 4.4 -2.7

Massachusetts 8.7 6.0 -2.7

Delaware 8.4 5.8 -2.6

Connecticut 9.5 6.9 -2.6

Maryland 8.0 5.5 -2.5

Virginia 7.4 4.9 -2.5

West Virginia 8.5 6.0 -2.5

Tri-state (Northeast) 9.2 6.8 -2.4

Oklahoma 7.2 4.8 -2.4

New Hampshire 6.7 4.4 -2.3

New York 8.9 6.7 -2.2

Iowa 6.4 4.3 -2.1

Montana 6.8 4.8 -2.0

Alaska 8.2 6.4 -1.8

North Dakota 4.2 2.6 -1.6

Arkansas 8.1 6.6 -1.5

South Dakota 5.3 3.8 -1.5

Nebraska 4.9 3.6 -1.3

New Mexico 8.0 6.8 -1.2

Note: states in blue ink are faring bEVter than the national average while those in red are worse than the national average.

Page 13: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Jobs Progress

PERCENTAGE OF JOBS LOST DURING THE RECESSION THAT HAVE BEEN REPLACED WHAT THE TABLE SHOWS:

The table ranks states by the progress the

business community has made recovering or

replacing jobs lost during the recession. The

table on this page identifies only the states

whose job market recovery has exceeded

the national average.

Job losses have been virtually completely

reversed in the national economy and in the

states on this table.

KEY MESSAGES:

For the nation as a whole, 95 percent of jobs

lost during the recession have been

recovered or replaced.

Note: Alaska and North Dakota are excluded from the

rankings because employment never declined during the

2008 recession.

Source: US Department of Labor. Updated through April

2014 (state) and April 2014 (US).

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 13

Texas 3.755 1

South Dakota 2.270 2

New York 1.721 3

Oklahoma 1.706 4

Massachusetts 1.659 5

Nebraska 1.608 6

Utah 1.561 7

Colorado 1.523 8

Louisiana 1.338 9

West Virginia 1.330 10

Montana 1.315 11

Minnesota 1.283 12

Iowa 1.213 13

Washington 1.186 14

Wyoming 1.033 15

Kansas 0.964 16

Maryland 0.959 17

California 0.956 18

All Employees: Total Nonfarm (SA, Thous) 0.951 19

New Hampshire 0.921 20

Virginia 0.915 21

Tennessee 0.906 22

Indiana 0.883 23

South Carolina 0.860 24

Vermont 0.853 25

Hawaii 0.838 26

Page 14: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Jobs Progress, Continued

PERCENTAGE OF JOBS LOST DURING THE RECESSION THAT HAVE BEEN REPLACED WHAT THE TABLE SHOWS:

The table on this page focuses on the

states that have lagged the national

average.

The low ranking of New Jersey and

Connecticut in terms of jobs lost that have

been recovered may be exaggerated by the

recovery of the Downtown Manhattan area,

with the rebuilding of the World Trade

Center complex, that is pulling jobs back into

the City.

KEY MESSAGES:

The rising national tide is pulling some

regions up more than others.

Note: Alaska and North Dakota are excluded from the

rankings because employment never declined during the

2008 recession.

Source: US Department of Labor. Updated through April

2014 (state) and April 2014 (US).

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 14

Wisconsin 0.807 27

Oregon 0.804 28

North Carolina 0.794 29

Pennsylvania 0.783 30

Florida 0.765 31

Delaware 0.757 32

Idaho 0.720 33

Georgia 0.720 34

Missouri 0.703 35

Arkansas 0.688 36

Michigan 0.685 37

Kentucky 0.679 38

Ohio 0.677 39

Rhode Island 0.624 40

Connecticut 0.584 41

Arizona 0.577 42

Illinois 0.571 43

Maine 0.550 44

Nevada 0.543 45

Mississippi 0.381 46

New Jersey 0.374 47

Alabama 0.340 48

New Mexico 0.235 49

* Alaska and North Dakota excluded, because employment never declined in the recession.

Page 15: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

The State of Layoffs

LAYOFF RATE VERSUS PRE-RECESSION CLAIMS (RATIO TO 2007 Q4 CLAIMS LEVEL) WHAT THE TABLE SHOWS:

The table ranks states by the progress they

have seen in layoffs falling back.

States that have seen weekly layoffs come

down the most are listed at the top of the

table.

The figures in the right hand column

translate what national jobless claims would

look like, if the national average matched the

performance of the state.

Layoffs have returned to pre-recession

levels in much of the Midwest, the

Southeast, and energy-intensive states.

KEY MESSAGES:

Many states that were laggards in the last

decade now have moved to the front lines of

new growth.

Source: US Department of Labor. Updated through May 17,

2014 (states) and May 23, 2014 (US).

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 15

If national

Ratio of joblless claims

jobless claims were like the

to 2007 Q4 state's trendlevel (thousands weekly)

North Carolina 0.45 153

Michigan 0.49 167

Indiana 0.55 184

Kentucky 0.60 203

Arkansas 0.66 223

South Carolina 0.68 229

Ohio 0.69 233

Oregon 0.71 241

Puerto Rico 0.75 254

Vermont 0.75 254

Iowa 0.77 259

Missouri 0.79 266

Alabama 0.79 267

Illinois 0.79 268

Idaho 0.80 270

Georgia 0.84 282

Pennsylvania 0.84 285

Oklahoma 0.86 290

Tennessee 0.87 293

Wisconsin 0.89 300

Massachusetts 0.89 300

Delaware 0.89 302

Louisiana 0.90 303

North Dakota 0.91 308

Virginia 0.92 313

Mississippi 0.94 317

New Jersey 0.95 322

West Virginia 0.96 324

US 0.96 325

Nebraska 0.97 328

Alaska 0.97 329

Kansas 0.98 332

Connecticut 0.98 333

Maine 0.98 333

Washington 1.02 343

New Hampshire 1.03 347

California 1.03 348

Nevada 1.04 351

South Dakota 1.04 353

New Mexico 1.05 354

Rhode Island 1.05 356

Maryland 1.09 367

Florida 1.10 373

Minnesota 1.11 375

Wyoming 1.17 394

New York 1.20 404

Colorado 1.24 417

Arizona 1.24 418

D.C. 1.24 419

Montana 1.25 421

Texas 1.29 435

Hawaii 1.35 456

Utah 1.39 469

Page 16: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

The Auto Footprint

EMPLOYMENT IN AUTO-RELATED ACTIVITIES (% OF STATE EMPLOYMENT BASE) WHAT THE CHART SHOWS:

Percent of employment in the motor-vehicle

and motor-vehicle parts manufacturing

industries that are located in the states

indicated.

KEY MESSAGES:

The auto industry has a heavy presence in

the states that are doing better in the past

year.

Source: US Department of Labor. Updated through April

2014 (state) and April 2014 (US).

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 16

6.7%

0.8%

23.3%

3.2%

35.4%

0.8% 1.4%3.2%

20.4%

0.3%2.4% 2.1%

0.00

0.05

0.10

0.15

0.20

0.25

0.30

0.35

0.40

Ala

bam

a

Cal

iforn

ia

Indi

ana

Ken

tuck

y

Mic

higa

n

Mis

siss

ippi

Mis

sour

i

New

Yor

k

Ohi

o

Okl

ahom

a

Texa

s

Wis

cons

in

Page 17: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Residential Property

CONSUMER PRICE INDEX (CPI) RESIDENTIAL RENT (% CH VS 12 MN EARLIER) WHAT THE CHART SHOWS:

The figure tracks residential rents in selected

metropolitan areas.

Rented residential property enjoys robust

demand, as reflected in strong rent

increases across the country.

KEY MESSAGES:

The housing debacle has shifted demand

from home ownership to rented units.

Source: US Department of Labor. Updated through April

2014.

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 17

-4

-3

-2

-1

0

1

2

3

4

5

6

7

8

9

10

-4

-3

-2

-1

0

1

2

3

4

5

6

7

8

9

10

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

US

Seattle

SF

Atlanta

Miami

Houston

Dallas

Boston

LA

Detroit

NY

Chicago

Cleveland

Philadelphia

DC

Page 18: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Residential Property

CPI OWNER OCCUPIED RENT IN KEY METROPOLITAN AREAS (% CH VS 12 MN EARLIER) WHAT THE CHART SHOWS:

The figure tracks rents of owner-occupied

property in selected metropolitan areas.

Demand to own property that is the principal

place that people reside has weakened in

the wake of the housing debacle.

KEY MESSAGES:

The housing debacle has shifted demand

from home ownership to rented units.

Source: US Department of Labor. Updated through April

2013.

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 18

-4

-3

-2

-1

0

1

2

3

4

5

6

7

8

9

10

-4

-3

-2

-1

0

1

2

3

4

5

6

7

8

9

10

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

US

Dallas

SF

Seattle

Miami

DC

Detroit

Boston

LA-Riverside-Orange

County

Page 19: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Commercial Property Prices

CRE Price Index, East WHAT THE CHART SHOWS:

The figure shows a transaction-based index

of prices of all types of commercial real

estate property (CRE) in the East

(Connecticut, Delaware, Kentucky, Maine,

Maryland, Massachusetts, New Hampshire,

New Jersey, New York, North Carolina,

Pennsylvania, Rhode Island, South Carolina,

Vermont, Virginia, and West Virginia).

In the East, CRE prices have recovered

about two thirds of the losses suffered in

2008.

KEY MESSAGES:

The commercial real estate sector did not

suffer from the speculative excesses that hit

the residential real estate sector and it

benefits from low interest rates.

Source: National Council of Real Estate Investment

Fiduciaries. Updated through 2014 Q1.

Note: data are not available prior to 1994.

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 19

0

50

100

150

200

250

300

0

50

100

150

200

250

300

1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Page 20: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Commercial Property Prices

CRE Price Index, Midwest WHAT THE CHART SHOWS:

The figure shows a transaction-based index

of prices of all types of commercial real

estate property (CRE) in the Midwest

(Illinois, Indiana, Iowa, Kansas, Michigan,

Minnesota, Missouri, Nebraska, North

Dakota, Ohio, South Dakota, and

Wisconsin).

In the Midwest, CRE prices have recovered

about half of the losses suffered in 2008.

KEY MESSAGES:

The commercial real estate sector did not

suffer from the speculative excesses that hit

the residential real estate sector and it

benefits from low interest rates.

Source: National Council of Real Estate Investment

Fiduciaries. Updated through 2013 Q1.

Note: data are not available prior to 1994.

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 20

0

20

40

60

80

100

120

140

160

180

200

0

20

40

60

80

100

120

140

160

180

200

1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Page 21: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Commercial Property Prices

CRE Price Index, South WHAT THE CHART SHOWS:

The figure shows a transaction-based index

of prices of all types of commercial real

estate property (CRE) in the South

(Alabama, Arkansas, Florida, Georgia,

Louisiana, Mississippi, Oklahoma,

Tennessee, and Texas).

In the South, CRE prices have recovered

about two thirds of the losses suffered in

2008 and are back on the previously-visible

track.

KEY MESSAGES:

The commercial real estate sector did not

suffer from the speculative excesses that hit

the residential real estate sector and it

benefits from low interest rates.

Source: National Council of Real Estate Investment

Fiduciaries. Updated through 2013 Q1.

Note: data are not available prior to 1994.

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 21

0

20

40

60

80

100

120

140

160

180

200

0

20

40

60

80

100

120

140

160

180

200

1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012

Page 22: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Commercial Property Prices

CRE Price Index, West WHAT THE CHART SHOWS:

The figure shows a transaction-based index

of prices of all types of commercial real

estate property (CRE) in the West (Arizona,

California, Colorado, Idaho, Montana,

Nevada, New Mexico, Oregon, Utah,

Washington, and Wyoming).

In the West, CRE prices have recovered

about half of the losses suffered in 2008.

KEY MESSAGES:

The commercial real estate sector did not

suffer from the speculative excesses that hit

the residential real estate sector and it

benefits from low interest rates.

Source: National Council of Real Estate Investment

Fiduciaries. Updated through 2014 Q1.

Note: data are not available prior to 1994.

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 22

0

50

100

150

200

250

300

350

0

50

100

150

200

250

300

350

1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012

Page 23: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Office Markets

PERCENT OF OFFICE SPACE THAT IS VACANT WHAT THE CHART SHOWS:

The figure illustrates trends in office vacancy

rates in selected metropolitan markets.

Office vacancy rates echo local economic

conditions.

Atlanta’s office markets remain weak but

conditions in many other markets are

improving, significantly so in San Francisco,

Houston, Chicago, and Dallas.

New York’s office markets reflect robust

demand.

KEY MESSAGES:

Improving commercial real estate conditions

are benefiting from the recovering economy

and low interest rates.

Source: CB Richard Ellis (formerly CB Commercial Property

Information Systems), Office Vacancy Index of the United

States. Updated through 2013 Q4.

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 23

0

5

10

15

20

25

30

0

5

10

15

20

25

30

1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

Dallas

MiamiChicago

LA

Boston

NY-DowntownSFNY-Midtown

US average (shaded zone)

Page 24: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Tax Burdens Ranks

STATE TAX BURDEN WHAT THE TABLE SHOWS:

The table ranks states by the attractiveness

of the tax burden for a number of tax

sources. The lower the rank, the lighter the

tax burden.

Taking all sources of taxes into account,

states in the Northeast and Midwest tend to

have higher overall tax burdens than

elsewhere.

KEY MESSAGES:

State rankings vary considerably depending

on the source of revenue.

Sources: Tax Foundation's State Business Tax Climate

Index available at

http://www.taxfoundation.org/publications/show/78.html

Updated through 2012.

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 24

Source: 2013 State Business Tax Climate Index, Background Paper, October 2012, Number 64, Tax Foundation.

Note: Rankings do not average across to total rank. A ranking of "1" is the lowest tax burden.

State Overall Corporate Tax Individual Income Sales Tax Index Unemployment Property Tax

Rank Insurance Tax

Wyoming 1 1 1 18 14 22

South Dakota 2 1 1 33 35 20

Nevada 3 1 1 42 41 16

Alaska 4 27 1 5 28 13

Florida 5 13 1 18 10 25

Washington 6 30 1 48 18 22

New Hampshire 7 48 9 1 42 43

Montana 8 16 20 3 21 7

Texas 9 38 7 36 14 32

Utah 10 5 14 22 20 3

Indiana 11 28 10 11 11 11

Michigan 12 7 11 7 44 31

Oregon 13 31 32 4 37 10

Delaware 14 50 29 2 3 14

Tennessee 15 14 8 43 26 41

Missouri 16 8 24 27 6 6

Mississippi 17 11 19 28 7 29

Colorado 18 20 16 44 39 9

Pennsylvania 19 46 12 20 36 42

Idaho 20 19 23 23 47 2

Alabama 21 17 18 37 13 8

Massachusetts 22 33 15 17 49 47

West Virginia 23 25 22 19 27 24

Kentucky 24 26 26 9 48 18

Arizona 25 24 17 50 1 5

Page 25: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Tax Burden Ranks, Continued

STATE TAX BURDEN, Continued WHAT THE TABLE SHOWS:

The table ranks states by the magnitude of

the tax burden for a number of tax sources.

The lower the rank, the lighter the tax

burden.

Taking all sources of taxes into account,

states in the Northeast and Midwest tend to

have higher overall tax burdens than

elsewhere.

KEY MESSAGES:

State rankings vary considerably depending

on the source of revenue.

Sources: Tax Foundation's State Business Tax Climate

Index available at

http://www.taxfoundation.org/publications/show/78.html

Updated through 2012.

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 25

Kansas 26 36 21 32 9 28

Virginia 27 6 38 6 38 27

North Dakota 28 21 35 16 17 4

Illinois 29 47 13 34 43 44

Maine 30 41 27 10 32 39

Nebraska 31 34 30 26 8 38

Louisiana 32 18 25 49 4 23

Arkansas 33 37 28 41 19 19

Georgia 34 9 40 13 25 30

Oklahoma 35 12 36 39 2 12

South Carolina 36 10 39 21 33 21

Hawaii 37 4 41 31 30 15

New Mexico 38 39 34 45 15 1

Ohio 39 22 42 29 12 34

Connecticut 40 35 31 30 31 50

Maryland 41 15 45 8 46 40

Iowa 42 49 33 24 34 37

Wisconsin 43 32 46 15 23 33

North Carolina 44 29 43 47 5 36

District of Columbia 45 35 36 42 24 48

Minnesota 46 44 44 35 40 26

Rhode Island 47 42 37 25 50 46

Vermont 48 43 47 14 22 48

California 49 45 49 40 16 17

New Jersey 50 40 48 46 24 49

New York 51 23 50 38 45 45

Source: 2013 State Business Tax Climate Index, Background Paper, October 2012, Number 64, Tax Foundation.

Note: Rankings do not average across to total rank. A ranking of "1" is the lowest tax burden.

State Overall Corporate Tax Individual Income Sales Tax Index Unemployment Property Tax

Rank Insurance Tax

Page 26: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Unfunded Pension Liabilities

STATUS OF STATE & LOCAL GOVERNMENT PENSION SYSTEMS WHAT THE TABLE SHOWS:

The table ranks states by the magnitude of

per capita unfunded pension liabilities in the

state and local government sector (first five

columns of figures).

The percentage of liabilities that are funded

are identified in the last five columns of the

table. .

The favorable position of New York, Texas,

and Florida stand in stark contrast to that in

New Jersey, Illinois, Connecticut, Kentucky,

and Pennsylvania, to name a few.

KEY MESSAGES:

State legislators are taking actions to

address the obligations.

Source: Morningstar. Updated through 2012.

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 26

Unfunded Liability Per Capita Percent Funded

2008 2009 2010 2011 2012 2008 2009 2010 2011 2012

Tennessee 0 0 0 0 0 96.2% 90.6% N/A 92.1% N/A

Wisconsin 51 45 34 23 18 99.6% 99.7% 99.8% 99.8% 99.9%

Washington 740 723 907 657 160 90.4% 91.1% 89.6% 92.5% 98.1%

North Carolina –265 46 264 311 415 104.6% 99.2% 95.9% 95.3% 93.9%

Michigan 201 259 344 455 598 86.6% 83.6% 78.9% 73.3% 66.4%

South Dakota 231 776 365 362 795 97.4% 91.7% 96.1% 96.3% 92.6%

New York –411 –542 –111 461 814 105.9% 107.4% 101.5% 94.3% 90.5%

Florida –358 951 1011 1024 1089 105.3% 87.1% 86.6% 86.9% 86.4%

Delaware 119 467 693 870 1150 98.5% 94.5% 92.1% 90.7% 88.3%

Texas 567 1016 1126 1188 1302 90.7% 84.1% 83.3% 82.9% 82.0%

Nebraska 420 643 888 1059 1339 91.3% 87.5% 83.6% 81.5% 78.5%

North Dakota 190 437 903 1061 1350 93.3% 85.8% 74.5% 71.7% 66.3%

Idaho 530 2021 1723 848 1378 92.8% 73.7% 78.5% 89.8% 84.4%

Georgia 677 871 1297 1533 1589 91.5% 89.1% 84.7% 82.5% 81.9%

Ohio 237 1603 1672 1496 1695 96.1% 75.2% 75.2% 78.9% 77.2%

Arizona 1008 1237 1464 1592 1702 81.8% 78.9% 76.2% 75.0% 74.3%

Colorado 1347 1349 1548 1804 1771 67.9% 67.0% 62.8% 57.7% 59.2%

Missouri 1443 1821 2095 1564 1952 81.8% 78.0% 75.5% 80.8% 76.9%

Maine 2278 3008 3243 1913 2005 74.3% 67.9% 66.2% 77.6% 77.2%

Iowa 947 1686 1701 1959 2041 88.6% 80.9% 81.0% 79.5% 79.5%

Vermont 747 1689 1611 1909 2158 86.5% 71.1% 72.7% 70.4% 68.4%

Indiana 1595 1916 2103 2284 2415 68.7% 63.4% 61.8% 59.6% 58.4%

Utah 1164 1301 1660 2198 2472 86.5% 85.8% 82.7% 78.3% 76.5%

Arkansas 962 1781 2092 2412 2614 87.2% 77.5% 74.8% 72.5% 71.4%

Oklahoma 3279 3653 3968 2603 2850 60.6% 57.7% 56.1% 67.0% 65.3%

Oregon –1,716 2855 2148 2059 2932 112.2% 80.2% 85.8% 86.9% 82.0%

Alabama 1958 2307 2706 3059 3051 77.0% 73.9% 70.3% 66.9% 66.2%

Virginia 1405 1369 1787 2707 3054 81.8% 83.5% 79.7% 72.0% 69.5%

West Virginia 1964 2699 3417 3427 3078 70.4% 63.6% 55.9% 57.9% 64.0%

Wyoming 2648 1522 1999 2486 3100 79.3% 88.8% 85.9% 83.0% 79.6%

Minnesota 1961 2691 2388 2559 3197 83.8% 78.6% 80.2% 79.1% 75.0%

Massachusetts 1620 3141 2828 2589 3338 80.5% 63.8% 68.7% 72.6% 66.4%

South Carolina 2672 2923 3265 3097 3468 70.1% 68.6% 66.5% 67.9% 65.4%

New Hampshire 1921 2696 2843 3252 3470 68.0% 58.5% 58.6% 57.5% 56.2%

California 1669 2557 3022 3410 3587 86.4% 80.6% 78.2% 76.9% 76.0%

Maryland 1885 3238 3405 3465 3620 78.6% 65.0% 64.1% 64.7% 64.4%

Kansas 2947 2729 2942 3285 3650 58.8% 63.7% 62.2% 59.2% 56.4%

Pennslyvania 1088 1691 2334 3264 3749 87.0% 80.8% 75.1% 67.8% 63.9%

Louisiana 2523 2175 3921 3975 4161 69.2% 69.9% 55.6% 56.0% 55.5%

Nevada 2765 3468 3944 4192 4265 76.2% 72.4% 70.5% 70.1% 71.0%

Rhode Island 4010 4495 3892 4230 4280 61.7% 58.7% 61.3% 58.6% 58.2%

Montana 1658 2717 3405 3965 4427 83.4% 74.3% 70.0% 66.3% 63.9%

Kentucky 2877 3481 3944 4488 4983 63.8% 58.2% 54.3% 50.5% 46.8%

Mississippi 2653 3434 3872 4242 4983 73.0% 67.4% 64.2% 62.3% 58.0%

New Jersey 3791 5104 4448 4786 5239 73.2% 66.6% 69.2% 67.5% 65.4%

New Mexico 2293 3432 4136 5310 6218 82.8% 76.2% 72.4% 67.0% 63.0%

Hawaii 3875 4676 5353 6114 6329 68.8% 64.6% 61.4% 59.4% 59.2%

Connecticut 4316 4472 4894 5885 6922 56.6% 61.6% 58.0% 53.4% 49.1%

Illinois 4267 4899 5943 6505 7421 54.3% 50.6% 45.4% 43.4% 40.4%

Puerto Rico 5031 N/A 6458 6792 8934 24.8% N/A 14.5% 13.5% 11.2%

Alaska 5188 5115 8641 9717 10235 74.1% 75.7% 61.1% 59.5% 59.2%

Page 27: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

State Population Rankings

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 27

Rank State Population

1 California 38,041,430

2 Texas 26,059,203

3 New York 19,570,261

4 Florida 19,317,568

5 Illinois 12,875,255

6 Pennsylvania 12,763,536

7 Ohio 11,544,225

8 Georgia 9,919,945

9 Michigan 9,883,360

10 North Carolina 9,752,073

11 New Jersey 8,864,590

12 Virginia 8,185,867

13 Washington 6,897,012

14 Massachusetts 6,646,144

15 Arizona 6,553,255

16 Indiana 6,537,334

17 Tennessee 6,456,243

18 Missouri 6,021,988

19 Maryland 5,884,563

20 Wisconsin 5,726,398

21 Minnesota 5,379,139

22 Colorado 5,187,582

23 Alabama 4,822,023

24 South Carolina 4,723,723

25 Louisiana 4,601,893

26 Kentucky 4,380,415

27 Oregon 3,899,353

28 Oklahoma 3,814,820

29 Connecticut 3,590,347

30 Iowa 3,074,186

31 Mississippi 2,984,926

32 Arkansas 2,949,131

33 Kansas 2,885,905

34 Utah 2,855,287

35 Nevada 2,758,931

36 New Mexico 2,085,538

37 Nebraska 1,855,525

38 West Virginia 1,855,413

39 Idaho 1,595,728

40 Hawaii 1,392,313

41 Maine 1,329,192

42 New Hampshire 1,320,718

43 Rhode Island 1,050,292

44 Montana 1,005,141

45 Delaware 917,092

46 South Dakota 833,354

47 Alaska 731,449

48 North Dakota 699,628

49 Vermont 626,011

50 Wyoming 576,412

Page 28: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

State Population Trends

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 28

1790 1900 1950 1990 2000 2004 2010 2011 2012 1950 1990 2000

Nevada — 42,335 160,083 1,201,833 1,998,257 2,334,771 2,700,551 2,723,322 2,758,931 4.70 3.85 2.72

Utah — 276,749 688,862 1,722,850 2,233,169 2,389,039 2,763,885 2,817,222 2,855,287 2.32 2.32 2.07

Arizona — 122,931 749,587 3,665,228 5,130,632 5,743,834 6,329,013 6,482,505 6,553,255 3.56 2.68 2.06

Texas — 3,048,710 7,711,194 16,986,510 20,851,820 22,490,022 25,145,561 25,674,681 26,059,203 1.98 1.96 1.88

Idaho — 161,772 588,637 1,006,749 1,293,953 1,393,262 1,567,582 1,584,985 1,595,728 1.62 2.12 1.76

Georgia 82,548 2,216,331 3,444,578 6,478,216 8,186,453 8,829,383 9,687,653 9,815,210 9,919,945 1.72 1.96 1.61

North Carolina 393,751 1,893,810 4,061,929 6,628,637 8,049,313 8,541,221 9,535,475 9,656,401 9,752,073 1.42 1.77 1.61

Florida — 528,542 2,771,305 12,937,926 15,982,378 17,397,161 18,801,311 19,057,542 19,317,568 3.18 1.84 1.59

Colorado — 539,700 1,325,089 3,294,394 4,301,261 4,601,403 5,029,196 5,116,796 5,187,582 2.23 2.09 1.57

South Carolina 249,073 1,340,316 2,117,027 3,486,703 4,012,012 4,198,068 4,625,364 4,679,230 4,723,723 1.30 1.39 1.37

Delaware 59,096 184,735 318,085 666,168 783,600 830,364 897,934 907,135 917,092 1.72 1.46 1.32

Washington — 518,103 2,378,963 4,866,692 5,894,121 6,203,788 6,724,540 6,830,038 6,897,012 1.73 1.60 1.32

Wyoming — 92,531 290,529 453,588 493,782 506,529 563,626 568,158 576,412 1.11 1.10 1.30

Alaska — 63,592 128,643 550,043 626,932 655,435 710,231 722,718 731,449 2.84 1.30 1.29

Virginia 7,476,103 1,854,184 3,318,680 6,187,358 7,078,515 7,459,827 8,001,024 8,096,604 8,185,867 1.47 1.28 1.22

Hawaii — 154,001 499,794 1,108,229 1,211,537 1,262,840 1,360,301 1,374,810 1,392,313 1.67 1.04 1.17

New Mexico — 195,310 681,187 1,515,069 1,819,046 1,903,289 2,059,180 2,082,224 2,085,538 1.82 1.46 1.15

Oregon — 413,536 1,521,341 2,842,321 3,421,399 3,594,586 3,831,074 3,871,859 3,899,353 1.53 1.45 1.10

Tennessee 35,691 2,020,616 3,291,718 4,877,185 5,689,283 5,900,962 6,346,110 6,403,353 6,456,243 1.09 1.28 1.06

California — 1,485,053 10,586,223 29,760,021 33,871,648 35,893,799 37,253,956 37,691,912 38,041,430 2.08 1.12 0.97

Montana — 243,329 591,024 799,065 902,195 926,865 989,415 998,199 1,005,141 0.86 1.05 0.90

Maryland 319,728 1,188,044 2,343,001 4,781,468 5,296,486 5,558,058 5,773,552 5,828,289 5,884,563 1.50 0.95 0.88

Oklahoma — 7,903,912 2,233,351 3,145,585 3,450,654 3,523,553 3,751,354 3,791,508 3,814,820 0.87 0.88 0.84

DC — 278,718 802,178 606,900 572,059 553,523 601,723 617,996 632,323 -0.38 0.19 0.84

South Dakota — 401,570 652,740 696,004 754,844 770,883 814,180 824,082 833,354 0.39 0.82 0.83

Arkansas — 1,311,564 1,909,511 2,350,725 2,673,400 2,752,629 2,915,921 2,937,979 2,949,131 0.70 1.04 0.82

Minnesota — 1,751,394 2,982,483 4,375,099 4,919,479 5,100,958 5,303,925 5,344,861 5,379,139 0.96 0.94 0.75

North Dakota — 319,146 619,636 638,800 642,200 634,366 672,591 683,932 699,628 0.20 0.41 0.72

Alabama — 1,828,697 3,061,743 4,040,587 4,447,100 4,530,182 4,779,735 4,802,740 4,822,023 0.74 0.81 0.68

Nebraska — 1,066,300 1,325,510 1,578,385 1,711,263 1,747,214 1,826,341 1,842,641 1,855,525 0.54 0.74 0.68

Kentucky 73,677 2,147,174 2,944,806 3,685,296 4,041,769 4,145,922 4,339,362 4,369,356 4,380,415 0.64 0.79 0.67

Missouri — 3,106,665 3,954,653 5,117,073 5,595,211 5,754,618 5,988,927 6,010,688 6,021,988 0.68 0.74 0.61

Indiana — 2,516,462 3,934,224 5,544,159 6,080,485 6,237,569 6,483,800 6,516,922 6,537,334 0.82 0.75 0.61

Kansas — 1,470,495 1,905,299 2,477,574 2,688,418 2,735,502 2,853,118 2,871,238 2,885,905 0.67 0.70 0.59

New Hampshire 141,885 411,588 533,242 1,109,252 1,235,786 1,299,500 1,316,472 1,318,194 1,320,718 1.47 0.80 0.56

Wisconsin — 2,069,042 3,434,575 4,891,769 5,363,675 5,509,026 5,686,986 5,711,767 5,726,398 0.83 0.72 0.55

Connecticut 237,946 908,420 2,007,280 3,287,116 3,405,565 3,503,604 3,574,097 3,580,709 3,590,347 0.94 0.40 0.44

New Jersey 184,139 1,883,669 4,835,329 7,730,188 8,414,350 8,698,879 8,791,894 8,821,155 8,864,590 0.98 0.62 0.44

Iowa — 2,231,853 2,621,073 2,776,755 2,926,324 2,954,451 3,046,350 3,062,309 3,074,186 0.26 0.46 0.41

Mississippi — 1,551,270 2,178,914 2,573,216 2,844,658 2,902,966 2,967,297 2,978,512 2,984,926 0.51 0.68 0.40

Massachusetts 378,787 2,805,346 4,690,514 6,016,425 6,349,097 6,416,505 6,547,629 6,587,536 6,646,144 0.56 0.45 0.38

Maine 96,540 694,466 913,774 1,227,928 1,274,923 1,317,253 1,328,361 1,328,188 1,329,192 0.61 0.36 0.35

Pennsylvania 434,373 6,302,115 10,498,012 11,881,643 12,281,054 12,406,292 12,702,379 12,742,886 12,763,536 0.32 0.33 0.32

Illinois — 4,821,550 8,712,176 11,430,602 12,419,293 12,713,634 12,830,632 12,869,257 12,875,255 0.63 0.54 0.30

New York 340,120 7,268,894 14,830,192 17,990,455 18,976,457 19,227,088 19,378,104 19,465,197 19,570,261 0.45 0.38 0.26

Louisiana — 1,381,625 2,683,516 4,219,973 4,468,976 4,515,770 4,533,372 4,574,836 4,601,893 0.87 0.39 0.24

Vermont 85,425 343,641 377,747 562,758 608,827 621,394 625,741 626,431 626,011 0.82 0.49 0.23

West Virginia — 958,800 2,005,552 1,793,477 1,808,344 1,815,354 1,852,996 1,855,364 1,855,413 -0.13 0.15 0.21

Ohio — 4,157,545 7,946,627 10,847,115 11,353,140 11,459,011 11,536,502 11,544,951 11,544,225 0.60 0.28 0.14

Rhode Island 68,825 428,556 791,896 1,003,464 1,048,319 1,080,632 1,052,567 1,051,302 1,050,292 0.46 0.21 0.02

Michigan — 2,420,982 6,371,766 9,295,297 9,938,444 10,112,620 9,883,635 9,876,187 9,883,360 0.71 0.28 -0.05

Total U.S. 3,929,214 76,212,168 152,271,417 248,709,873 281,421,906 292,936,109 308,745,538 311,591,917 313,914,040

Average Annual Population Growth Since:

(% at Annual Rate)

Page 29: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Metro Population Trends

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 29

Metropolitan Area 2011

(Titles of metropolitan divisions are indented.) 2000 2011 Rank by Size % change Rank

Abilene, TX 160,108 166,416 269 3.9 304

Akron, OH 695,971 701,456 103 0.8 344

Albany, GA 157,757 157,688 281 0.0 352

Albany-Schenectady-Troy, NY 827,227 871,478 83 5.3 274

Albuquerque, NM 731,712 898,642 80 22.8 56

Alexandria, LA 145,079 154,505 286 6.5 254

Allentown-Bethlehem-Easton, PA-NJ 741,937 824,916 88 11.2 181

Altoona, PA 129,030 127,099 334 -1.5 362

Amarillo, TX 227,117 253,823 213 11.8 173

Ames, IA 80,127 89,663 385 11.9 169

Anchorage, AK 320,434 387,516 162 20.9 72

Anderson, IN 133,275 131,235 324 -1.5 363

Anderson, SC 166,319 188,488 251 13.3 148

Ann Arbor, MI 324,491 347,962 175 7.2 242

Anniston-Oxford, AL 111,342 117,797 345 5.8 267

Appleton, WI 202,508 227,403 223 12.3 164

Asheville, NC 370,492 429,017 144 15.8 114

Athens-Clarke County, GA 166,903 193,317 248 15.8 113

Atlanta-Sandy Springs-Marietta, GA 4,281,905 5,359,205 12 25.2 40

Atlantic City-Hammonton, NJ 253,038 274,338 198 8.4 225

Auburn-Opelika, AL 115,511 143,468 305 24.2 47

Augusta-Richmond County, GA-SC 500,235 561,858 120 12.3 163

Austin-Round Rock-San Marcos, TX 1,265,715 1,783,519 52 40.9 8

Bakersfield-Delano, CA 663,484 851,710 85 28.4 30

2000-2011Population

Page 30: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Metro Population Trends, continued

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 30

Metropolitan Area 2011

(Titles of metropolitan divisions are indented.) 2000 2011 Rank by Size % change Rank

Baltimore-Towson, MD 2,557,501 2,729,110 28 6.7 252

Bangor, ME 144,907 153,786 288 6.1 261

Barnstable Town, MA 223,245 215,769 227 -3.3 376

Baton Rouge, LA 707,429 808,242 90 14.3 133

Battle Creek, MI 138,021 135,490 317 -1.8 364

Bay City , MI 110,091 107,110 364 -2.7 369

Beaumont-Port Arthur, TX 384,688 390,535 161 1.5 336

Bellingham, WA 167,760 203,663 238 21.4 68

Bend, OR 116,618 160,338 277 37.5 11

Billings, MT 139,091 160,097 278 15.1 119

Binghamton, NY 252,042 250,074 215 -0.8 357

Birmingham-Hoover, AL 1,053,394 1,132,264 73 7.5 232

Bismarck, ND 94,840 110,879 359 16.9 101

Blacksburg-Christiansburg-Radford, VA 151,479 162,487 273 7.3 238

Bloomington, IN 175,831 194,193 247 10.4 190

Bloomington-Normal, IL 150,897 170,556 264 13.0 157

Boise City-Nampa, ID 468,874 627,664 113 33.9 16

Boston-Cambridge-Quincy, MA-NH 4,402,611 4,591,112 13 4.3 299

.Boston-Quincy, MA 1,816,879 1,903,947 46 4.8 287

.Cambridge-Newton-Framingham, MA 1,468,934 1,518,171 59 3.4 318

.Peabody, MA 725,379 748,930 96 3.2 320

.Rockingham County-Strafford County, NH 391,419 420,064 150 7.3 234

Boulder, CO 271,669 299,378 188 10.2 193

Bowling Green, KY 104,476 127,607 331 22.1 62

Population 2000-2011

Page 31: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Metro Population Trends, continued

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 31

Metropolitan Area 2011

(Titles of metropolitan divisions are indented.) 2000 2011 Rank by Size % change Rank

Bremerton-Silverdale, WA 232,355 254,633 211 9.6 207

Bridgeport-Stamford-Norwalk, CT 884,420 925,899 79 4.7 290

Brownsville-Harlingen, TX 336,443 414,123 153 23.1 55

Brunswick, GA 93,226 112,923 355 21.1 70

Buffalo-Niagara Falls, NY 1,169,159 1,134,039 72 -3.0 373

Burlington, NC 131,521 153,291 290 16.6 106

Burlington-South Burlington, VT 199,590 212,535 230 6.5 255

Canton-Massillon, OH 406,966 403,869 157 -0.8 356

Cape Coral-Fort Myers, FL 443,916 631,330 112 42.2 5

Cape Girardeau-Jackson, MO-IL 90,429 97,024 379 7.3 236

Carson City , NV 52,551 55,439 395 5.5 269

Casper, WY 66,554 76,366 393 14.7 123

Cedar Rapids, IA 237,853 260,575 206 9.6 208

Champaign-Urbana, IL 210,511 232,336 221 10.4 191

Charleston, WV 309,387 303,674 185 -1.8 365

Charleston-North Charleston-Summerville, SC 550,875 682,121 106 23.8 49

Charlotte-Gastonia-Rock Hill, NC-SC 1,340,417 1,795,472 50 33.9 15

Charlottesv ille, VA 174,784 203,882 237 16.6 104

Chattanooga, TN-GA 477,213 533,372 126 11.8 172

Cheyenne, WY 81,745 92,680 383 13.4 147

Chicago-Joliet-Naperv ille, IL-IN-WI 9,117,732 9,504,753 5 4.2 300

.Chicago-Joliet-Naperv ille, IL 7,643,102 7,922,566 6 3.7 309

.Gary, IN 676,422 708,672 101 4.8 288

.Lake County-Kenosha County, IL-WI 798,208 873,515 82 9.4 211

Population 2000-2011

Page 32: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Metro Population Trends, continued

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 32

Metropolitan Area 2011

(Titles of metropolitan divisions are indented.) 2000 2011 Rank by Size % change Rank

Chico, CA 203,926 220,266 225 8.0 227

Cincinnati-Middletown, OH-KY-IN 2,014,665 2,138,038 42 6.1 262

Clarksv ille, TN-KY 232,719 277,701 195 19.3 86

Cleveland, TN 104,307 116,834 347 12.0 168

Cleveland-Elyria-Mentor, OH 2,147,948 2,068,283 43 -3.7 381

Coeur d'Alene, ID 109,541 141,132 309 28.8 28

College Station-Bryan, TX 185,469 231,623 222 24.9 44

Colorado Springs, CO 540,111 660,319 109 22.3 61

Columbia, MO 146,026 175,831 261 20.4 76

Columbia, SC 649,181 777,116 95 19.7 83

Columbus, GA-AL 282,164 301,439 186 6.8 248

Columbus, IN 71,737 77,870 391 8.5 221

Columbus, OH 1,619,514 1,858,464 48 14.8 122

Corpus Christi, TX 403,199 431,381 142 7.0 246

Corvallis, OR 78,197 85,928 387 9.9 200

Crestv iew-Fort Walton Beach-Destin, FL 183,482 253 #N/A

Cumberland, MD-WV 101,841 102,884 368 1.0 341

Dallas-Fort Worth-Arlington, TX 5,196,188 6,526,548 7 25.6 35

.Dallas-Plano-Irv ing, TX 3,475,160 4,345,790 16 25.1 41

.Fort Worth-Arlington, TX 1,721,028 2,180,758 38 26.7 33

Dalton, GA 120,838 142,741 306 18.1 93

Danville, IL 83,796 81,509 389 -2.7 370

Danville, VA 110,000 105,696 366 -3.9 383

Davenport-Moline-Rock Island, IA-IL 375,820 381,342 163 1.5 337

Population 2000-2011

Page 33: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Metro Population Trends, continued

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 33

Metropolitan Area 2011

(Titles of metropolitan divisions are indented.) 2000 2011 Rank by Size % change Rank

Dayton, OH 848,093 845,388 86 -0.3 354

Decatur, AL 146,050 154,070 287 5.5 270

Decatur, IL 114,476 110,730 360 -3.3 375

Deltona-Daytona Beach-Ormond Beach, FL 445,060 494,804 131 11.2 182

Denver-Aurora-Broomfield, CO 2,194,022 2,599,504 30 18.5 91

Des Moines-West Des Moines, IA 483,210 580,255 116 20.1 80

Detroit-Warren-Livonia, MI 4,457,471 4,285,832 18 -3.9 382

.Detroit-Livonia-Dearborn, MI 2,058,758 1,802,096 49 -12.5 392

.Warren-Troy-Farmington Hills, MI 2,398,713 2,483,736 33 3.5 313

Dothan, AL 131,053 146,562 299 11.8 171

Dover, DE 127,109 164,834 270 29.7 23

Dubuque, IA 89,232 94,648 382 6.1 264

Duluth, MN-WI 275,580 279,815 194 1.5 335

Durham-Chapel Hill, NC 426,151 512,979 130 20.4 77

Eau Claire, WI 148,689 162,657 272 9.4 212

El Centro, CA 142,396 177,057 259 24.3 46

Elizabethtown, KY 107,694 121,771 342 13.1 156

Elkhart-Goshen, IN 183,521 198,941 245 8.4 226

Elmira, NY 91,079 88,840 386 -2.5 367

El Paso, TX 680,942 820,790 89 20.5 75

Erie, PA 280,734 280,985 193 0.1 351

Eugene-Springfield, OR 323,505 353,416 173 9.2 215

Evansville, IN-KY 342,992 359,879 171 4.9 282

Fairbanks, AK 82,769 99,192 372 19.8 82

Population 2000-2011

Page 34: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Metro Population Trends, continued

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 34

Metropolitan Area 2011

(Titles of metropolitan divisions are indented.) 2000 2011 Rank by Size % change Rank

Fargo, ND-MN 174,791 212,171 231 21.4 69

Farmington, NM 114,035 128,200 330 12.4 162

Fayettev ille, NC 336,893 374,157 166 11.1 185

Fayettev ille-Springdale-Rogers, AR-MO 349,562 473,830 135 35.5 13

Flagstaff, AZ 116,717 134,511 318 15.2 117

Flint, MI 436,885 422,080 148 -3.4 377

Florence, SC 193,260 206,161 235 6.7 253

Florence-Muscle Shoals, AL 143,006 147,293 296 3.0 324

Fond du Lac, WI 97,384 102,079 370 4.8 286

Fort Collins-Loveland, CO 253,152 305,525 184 20.7 74

Fort Smith, AR-OK 273,816 300,087 187 9.6 206

Fort Walton Beach-Crestv iew-Destin, FL 170,966 #N/A

Fort Wayne, IN 391,066 419,453 151 7.3 240

Fresno, CA 801,444 942,904 78 17.7 95

Gadsden, AL 103,313 104,303 367 1.0 342

Gainesville, FL 233,142 266,369 202 14.3 132

Gainesville, GA 140,886 183,052 254 29.9 22

Glens Falls, NY 124,348 128,996 328 3.7 307

Goldsboro, NC 113,297 123,697 338 9.2 217

Grand Forks, ND-MN 97,331 98,054 375 0.7 345

Grand Junction, CO 117,488 147,083 298 25.2 39

Grand Rapids-Wyoming, MI 743,092 779,604 94 4.9 283

Great Falls, MT 80,201 81,837 388 2.0 332

Greeley, CO 183,045 258,638 208 41.3 7

Population 2000-2011

Page 35: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Metro Population Trends, continued

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 35

Metropolitan Area 2011

(Titles of metropolitan divisions are indented.) 2000 2011 Rank by Size % change Rank

Green Bay, WI 283,337 309,469 181 9.2 216

Greensboro-High Point, NC 645,536 730,966 97 13.2 149

Greenville, NC 153,156 192,690 249 25.8 34

Greenville-Mauldin-Easley, SC 561,900 647,401 111 15.2 118

Gulfport-Bilox i, MS 246,838 253,511 214 2.7 327

Hagerstown-Martinsburg, MD-WV 223,526 271,488 201 21.5 67

Hanford-Corcoran, CA 129,774 153,765 289 18.5 90

Harrisburg-Carlisle, PA 509,454 552,911 122 8.5 223

Harrisonburg, VA 108,285 126,562 335 16.9 102

Hartford-West Hartford-East Hartford, CT 1,150,915 1,213,255 68 5.4 271

Hattiesburg, MS 124,325 145,428 301 17.0 100

Hickory-Lenoir-Morganton, NC 343,120 364,567 170 6.3 259

Hinesville-Fort Stewart, GA 71,802 80,587 390 12.2 165

Holland-Grand Haven, MI 239,490 266,300 203 11.2 180

Honolulu, HI 875,061 963,607 76 10.1 195

Hot Springs, AR 88,350 97,124 378 9.9 199

Houma-Bayou Cane-Thibodaux, LA 194,435 208,583 234 7.3 237

Houston-Sugar Land-Baytown, TX 4,739,414 6,086,538 8 28.4 29

Huntington-Ashland, WV-KY-OH 288,355 287,599 191 -0.3 353

Huntsv ille, AL 343,798 425,480 147 23.8 51

Idaho Falls, ID 102,081 132,073 323 29.4 25

Indianapolis-Carmel, IN 1,531,156 1,778,568 54 16.2 108

Iowa City , IA 132,182 154,893 284 17.2 98

Ithaca, NY 96,662 101,723 371 5.2 278

Population 2000-2011

Page 36: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Metro Population Trends, continued

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 36

Metropolitan Area 2011

(Titles of metropolitan divisions are indented.) 2000 2011 Rank by Size % change Rank

Jackson, MI 158,735 159,748 280 0.6 348

Jackson, MS 498,252 545,394 123 9.5 209

Jackson, TN 107,581 115,396 350 7.3 239

Jacksonville, FL 1,126,224 1,360,251 60 20.8 73

Jacksonville, NC 149,774 179,719 256 20.0 81

Janesville, WI 152,499 160,092 279 5.0 280

Jefferson City , MO 140,320 150,480 294 7.2 241

Johnson City , TN 181,989 199,818 243 9.8 201

Johnstown, PA 152,240 143,728 304 -5.6 388

Jonesboro, AR 108,135 122,829 341 13.6 144

Joplin, MO 157,718 176,849 260 12.1 167

Kalamazoo-Portage, MI 315,398 328,205 177 4.1 302

Kankakee-Bradley, IL 103,879 113,698 353 9.5 210

Kansas City , MO-KS 1,842,924 2,052,676 44 11.4 177

Kennewick-Pasco-Richland, WA 192,710 264,133 205 37.1 12

Killeen-Temple-Fort Hood, TX 332,022 411,595 156 24.0 48

Kingsport-Bristol-Bristol, TN-VA 298,438 309,793 180 3.8 305

Kingston, NY 177,831 182,448 255 2.6 329

Knoxville, TN 617,573 704,500 102 14.1 138

Kokomo, IN 101,528 98,588 374 -2.9 372

La Crosse, WI-MN 127,020 134,488 319 5.9 266

Lafayette, IN 178,844 203,608 239 13.8 140

Lafayette, LA 239,107 277,307 196 16.0 110

Lake Charles, LA 193,463 200,822 242 3.8 306

Population 2000-2011

Page 37: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Metro Population Trends, continued

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 37

Metropolitan Area 2011

(Titles of metropolitan divisions are indented.) 2000 2011 Rank by Size % change Rank

Lake Havasu City-Kingman, AZ 156,194 202,351 240 29.6 24

Lakeland-Winter Haven, FL 485,378 609,492 115 25.6 37

Lancaster, PA 471,818 523,594 127 11.0 188

Lansing-East Lansing, MI 448,543 465,138 137 3.7 308

Laredo, TX 194,523 256,496 210 31.9 18

Las Cruces, NM 174,973 213,598 228 22.1 63

Las Vegas-Paradise, NV 1,393,370 1,969,975 45 41.4 6

Lawrence, KS 100,295 112,211 357 11.9 170

Lawton, OK 114,675 125,815 336 9.7 203

Lebanon, PA 120,416 134,311 321 11.5 175

Lewiston, ID-WA 57,952 61,476 394 6.1 263

Lewiston-Auburn, ME 103,845 107,398 363 3.4 316

Lexington-Fayette, KY 409,656 479,244 134 17.0 99

Lima, OH 108,577 106,094 365 -2.3 366

Lincoln, NE 267,955 306,503 183 14.4 130

Little Rock-North Little Rock-Conway, AR 612,149 709,901 98 16.0 111

Logan, UT-ID 103,220 127,549 333 23.6 52

Longview, TX 194,010 216,666 226 11.7 174

Longview, WA 93,012 102,478 369 10.2 194

Los Angeles-Long Beach-Santa Ana, CA 12,398,950 12,944,801 2 4.4 295

.Los Angeles-Long Beach-Glendale, CA 9,542,578 9,889,056 4 3.6 310

.Santa Ana-Anaheim-Irv ine, CA 2,856,372 3,055,745 24 7.0 247

Louisv ille/Jefferson County, KY-IN 1,165,132 1,294,849 63 11.1 184

Lubbock, TX 250,130 290,002 190 15.9 112

Population 2000-2011

Page 38: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Metro Population Trends, continued

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 38

Metropolitan Area 2011

(Titles of metropolitan divisions are indented.) 2000 2011 Rank by Size % change Rank

Lynchburg, VA 228,918 254,171 212 11.0 186

Macon, GA 222,387 232,920 219 4.7 289

Madera-Chowchilla, CA 123,566 152,925 291 23.8 50

Madison, WI 504,044 576,467 117 14.4 131

Manchester-Nashua, NH 382,409 401,696 159 5.0 279

Manhattan, KS 109,039 130,240 326 19.4 85

Mankato-North Mankato, MN 85,850 97,204 377 13.2 150

Mansfield, OH 128,797 123,510 339 -4.1 384

McAllen-Edinburg-Mission, TX 573,398 797,810 93 39.1 10

Medford, OR 181,798 204,822 236 12.7 161

Memphis, TN-MS-AR 1,208,269 1,325,605 62 9.7 204

Merced, CA 212,122 259,898 207 22.5 59

Miami-Fort Lauderdale-Pompano Beach, FL 5,025,806 5,670,125 11 12.8 159

.Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 1,631,723 1,780,172 53 9.1 219

.Miami-Miami Beach-Kendall, FL 2,258,765 2,554,766 32 13.1 154

.West Palm Beach-Boca Raton-Boynton Beach, FL 1,135,318 1,335,187 61 17.6 96

Michigan City-La Porte, IN 110,158 111,374 358 1.1 339

Midland, TX 115,487 140,308 310 21.5 66

Milwaukee-Waukesha-West Allis, WI 1,502,305 1,562,216 58 4.0 303

Minneapolis-St. Paul-Bloomington, MN-WI 2,981,616 3,318,486 22 11.3 178

Missoula, MT 96,170 110,138 361 14.5 129

Mobile, AL 400,061 412,577 155 3.1 322

Modesto, CA 449,702 518,522 128 15.3 116

Monroe, LA 170,043 177,651 258 4.5 293

Population 2000-2011

Page 39: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Metro Population Trends, continued

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 39

Metropolitan Area 2011

(Titles of metropolitan divisions are indented.) 2000 2011 Rank by Size % change Rank

Monroe, MI 146,412 151,560 293 3.5 315

Montgomery, AL 347,002 378,608 165 9.1 218

Morgantown, WV 111,190 132,251 322 18.9 88

Morristown, TN 123,564 137,494 315 11.3 179

Mount Vernon-Anacortes, WA 103,475 118,109 344 14.1 135

Muncie, IN 118,733 117,660 346 -0.9 359

Muskegon-Norton Shores, MI 170,485 171,302 263 0.5 350

Myrtle Beach-North Myrtle Beach-Conway, SC 198,132 276,340 197 39.5 9

Napa, CA 124,545 138,088 313 10.9 189

Naples-Marco Island, FL 254,070 328,134 178 29.2 27

Nashville-Davidson--Murfreesboro--Franklin, TN 1,317,580 1,617,142 56 22.7 57

New Haven-Milford, CT 824,992 861,113 84 4.4 297

New Orleans-Metairie-Kenner, LA 1,315,616 1,191,089 69 -9.5 391

New York-Northern New Jersey-Long Island, NY-NJ-PA 18,352,743 19,015,900 1 3.6 311

.Edison-New Brunswick, NJ 2,182,433 2,349,499 35 7.7 231

.Nassau-Suffolk, NY 2,759,802 2,843,252 25 3.0 323

.Newark-Union, NJ-PA 2,100,567 2,153,014 41 2.5 330

.New York-White Plains-Wayne, NY-NJ 11,309,941 11,670,135 3 3.2 321

Niles-Benton Harbor, MI 162,556 156,941 283 -3.5 378

North Port-Bradenton-Sarasota, FL 709,355 100 #N/A

Norwich-New London, CT 259,575 273,502 199 5.4 273

Ocala, FL 260,285 332,529 176 27.8 31

Ocean City , NJ 102,307 96,601 380 -5.6 387

Odessa, TX 120,685 140,111 311 16.1 109

Population 2000-2011

Page 40: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Metro Population Trends, continued

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 40

Metropolitan Area 2011

(Titles of metropolitan divisions are indented.) 2000 2011 Rank by Size % change Rank

Ogden-Clearfield, UT 444,874 555,916 121 25.0 43

Oklahoma City , OK 1,097,874 1,278,053 64 16.4 107

Olympia, WA 208,304 256,591 209 23.2 54

Omaha-Council Bluffs, NE-IA 769,117 877,110 81 14.0 139

Orlando-Kissimmee-Sanford, FL 1,656,835 2,171,360 40 31.1 20

Oshkosh-Neenah, WI 157,082 167,699 267 6.8 250

Owensboro, KY 110,006 115,333 351 4.8 285

Oxnard-Thousand Oaks-Ventura, CA 756,366 831,771 87 10.0 196

Palm Bay-Melbourne-Titusv ille, FL 477,735 543,566 124 13.8 143

Palm Coast, FL 50,560 97,376 376 92.6 1

Panama City-Lynn Haven-Panama City Beach, FL 148,258 169,856 265 14.6 126

Parkersburg-Marietta-Vienna, WV-OH 164,443 162,248 274 -1.3 360

Pascagoula, MS 151,034 162,790 271 7.8 230

Pensacola-Ferry Pass-Brent, FL 413,171 453,218 138 9.7 205

Peoria, IL 366,602 379,556 164 3.5 314

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 5,693,275 5,992,414 9 5.3 277

.Camden, NJ 1,188,535 1,251,921 66 5.3 275

.Philadelphia, PA 3,852,150 4,030,926 20 4.6 292

.Wilmington, DE-MD-NJ 652,590 709,567 99 8.7 220

Phoenix-Mesa-Glendale, AZ 3,278,661 4,263,236 19 30.0 21

Pine Bluff, AR 107,236 98,924 373 -7.8 390

Pittsburgh, PA 2,429,023 2,359,746 34 -2.9 371

Pittsfield, MA 134,787 130,458 325 -3.2 374

Pocatello, ID 83,171 91,457 384 10.0 197

Population 2000-2011

Page 41: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Metro Population Trends, continued

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 41

Metropolitan Area 2011

(Titles of metropolitan divisions are indented.) 2000 2011 Rank by Size % change Rank

Portland-South Portland-Biddeford, ME 489,359 515,807 129 5.4 272

Portland-Vancouver-Hillsboro, OR-WA 1,936,108 2,262,605 36 16.9 103

Port St. Lucie, FL 320,593 427,874 145 33.5 17

Poughkeepsie-Newburgh-Middletown, NY 624,156 672,871 107 7.8 229

Prescott, AZ 168,886 211,888 232 25.5 38

Providence-New Bedford-Fall River, RI-MA 1,586,744 1,600,224 57 0.8 343

Provo-Orem, UT 379,919 540,834 125 42.4 4

Pueblo, CO 141,839 160,545 275 13.2 151

Punta Gorda, FL 142,246 160,511 276 12.8 158

Racine, WI 188,991 195,388 246 3.4 317

Raleigh-Cary, NC 804,436 1,163,515 70 44.6 3

Rapid City , SD 113,008 128,361 329 13.6 145

Reading, PA 374,521 412,778 154 10.2 192

Redding, CA 163,782 177,774 257 8.5 222

Reno-Sparks, NV 344,808 429,606 143 24.6 45

Richmond, VA 1,100,196 1,269,380 65 15.4 115

Riverside-San Bernardino-Ontario, CA 3,277,578 4,304,997 17 31.3 19

Roanoke, VA 288,503 308,861 182 7.1 245

Rochester, MN 164,427 187,612 252 14.1 137

Rochester, NY 1,041,595 1,055,278 74 1.3 338

Rockford, IL 321,042 348,360 174 8.5 224

Rocky Mount, NC 143,045 152,157 292 6.4 257

Rome, GA 90,811 95,989 381 5.7 268

Sacramento--Arden-Arcade--Roseville, CA 1,808,442 2,176,235 39 20.3 78

Population 2000-2011

Page 42: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Metro Population Trends, continued

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 42

Metropolitan Area 2011

(Titles of metropolitan divisions are indented.) 2000 2011 Rank by Size % change Rank

Saginaw-Saginaw Township North, MI 209,931 199,088 244 -5.2 386

St. Cloud, MN 168,045 190,014 250 13.1 155

St. George, UT 91,256 141,666 308 55.2 2

St. Joseph, MO-KS 123,967 127,574 332 2.9 325

St. Louis, MO-IL 2,701,634 2,817,355 27 4.3 298

Salem, OR 348,222 394,865 160 13.4 146

Salinas, CA 403,065 421,898 149 4.7 291

Salisbury, MD 109,582 125,529 337 14.6 127

Salt Lake City , UT 972,653 1,145,905 71 17.8 94

San Angelo, TX 105,812 113,443 354 7.2 244

San Antonio-New Braunfels, TX 1,719,262 2,194,927 37 27.7 32

San Diego-Carlsbad-San Marcos, CA 2,824,987 3,140,069 23 11.2 183

Sandusky, OH 79,603 76,751 392 -3.6 379

San Francisco-Oakland-Fremont, CA 4,136,658 4,391,037 15 6.1 260

.Oakland-Fremont-Hayward, CA 2,403,412 2,595,971 31 8.0 228

.San Francisco-San Mateo-Redwood City , CA 1,733,246 1,795,066 51 3.6 312

San Jose-Sunnyvale-Santa Clara, CA 1,739,669 1,865,450 47 7.2 243

San Luis Obispo-Paso Robles, CA 247,878 271,969 200 9.7 202

Santa Barbara-Santa Maria-Goleta, CA 399,784 426,878 146 6.8 249

Santa Cruz-Watsonville, CA 255,834 264,298 204 3.3 319

Santa Fe, NM 129,840 145,648 300 12.2 166

Santa Rosa-Petaluma, CA 460,411 488,116 132 6.0 265

Savannah, GA 293,668 355,576 172 21.1 71

Scranton--Wilkes-Barre, PA 559,537 563,223 118 0.7 347

Population 2000-2011

Page 43: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Metro Population Trends, continued

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 43

Metropolitan Area 2011

(Titles of metropolitan divisions are indented.) 2000 2011 Rank by Size % change Rank

Seattle-Tacoma-Bellevue, WA 3,052,379 3,500,026 21 14.7 124

.Seattle-Bellevue-Everett, WA 2,348,394 2,692,122 29 14.6 125

.Tacoma, WA 703,985 807,904 91 14.8 121

Sebastian-Vero Beach, FL 113,387 138,894 312 22.5 60

Sheboygan, WI 112,742 115,149 352 2.1 331

Sherman-Denison, TX 110,993 121,419 343 9.4 213

Shreveport-Bossier City , LA 376,127 403,595 158 7.3 235

Sioux City , IA-NE-SD 143,005 144,062 302 0.7 346

Sioux Falls, SD 188,344 232,433 220 23.4 53

South Bend-Mishawaka, IN-MI 316,977 318,688 179 0.5 349

Spartanburg, SC 254,418 286,868 192 12.8 160

Spokane, WA 418,826 473,761 136 13.1 153

Springfield, IL 201,586 211,547 233 4.9 281

Springfield, MA 680,453 693,204 105 1.9 334

Springfield, MO 369,775 440,142 140 19.0 87

Springfield, OH 144,661 137,691 314 -4.8 385

State College, PA 135,930 154,722 285 13.8 142

Steubenville-Weirton, OH-WV 123,243 340 #N/A

Stockton, CA 567,968 696,214 104 22.6 58

Sumter, SC 104,655 107,460 362 2.7 328

Syracuse, NY 649,817 662,553 108 2.0 333

Tallahassee, FL 321,372 369,758 167 15.1 120

Tampa-St. Petersburg-Clearwater, FL 2,404,273 2,824,724 26 17.5 97

Terre Haute, IN 170,813 172,663 262 1.1 340

Population 2000-2011

Page 44: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Metro Population Trends, continued

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 44

Metropolitan Area 2011

(Titles of metropolitan divisions are indented.) 2000 2011 Rank by Size % change Rank

Texarkana, TX-Texarkana, AR 129,681 136,552 316 5.3 276

Toledo, OH 659,224 650,266 110 -1.4 361

Topeka, KS 224,800 234,647 218 4.4 296

Trenton-Ewing, NJ 351,561 367,063 169 4.4 294

Tucson, AZ 848,521 989,569 75 16.6 105

Tulsa, OK 861,369 946,962 77 9.9 198

Tuscaloosa, AL 193,425 221,553 224 14.5 128

Tyler, TX 175,500 213,381 229 21.6 65

Utica-Rome, NY 299,428 298,447 189 -0.3 355

Valdosta, GA 119,741 142,307 307 18.8 89

Vallejo-Fairfield, CA 396,974 416,471 152 4.9 284

Victoria, TX 111,650 116,230 349 4.1 301

Vineland-Millv ille-Bridgeton, NJ 146,362 157,095 282 7.3 233

Virginia Beach-Norfolk-Newport News, VA-NC 1,580,387 1,679,894 55 6.3 258

Visalia-Porterv ille, CA 368,628 449,253 139 21.9 64

Waco, TX 214,093 238,564 217 11.4 176

Warner Robins, GA 111,248 143,925 303 29.4 26

Washington-Arlington-Alexandria, DC-VA-MD-WV 4,821,031 5,703,948 10 18.3 92

.Bethesda-Rockville-Frederick, MD 1,073,885 1,226,539 67 14.2 134

.Washington-Arlington-Alexandria, DC-VA-MD-WV 3,747,146 4,477,409 14 19.5 84

Waterloo-Cedar Falls, IA 163,668 168,289 266 2.8 326

Wausau, WI 125,905 134,400 320 6.7 251

131,618 #N/A

Wenatchee-East Wenatchee, WA 99,379 112,448 356 13.2 152

Population 2000-2011

Page 45: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

Metro Population Trends, continued

June 2, 2014

Regional Perspectives: State of the States

Commercial Banking 45

Metropolitan Area 2011

(Titles of metropolitan divisions are indented.) 2000 2011 Rank by Size % change Rank

Wheeling, WV-OH 152,850 147,197 297 -3.7 380

Wichita, KS 572,045 625,526 114 9.3 214

Wichita Falls, TX 151,584 150,261 295 -0.9 358

Williamsport, PA 119,957 116,747 348 -2.7 368

Wilmington, NC 275,827 369,685 168 34.0 14

Winchester, VA-WV 103,566 130,065 327 25.6 36

Winston-Salem, NC 423,413 482,025 133 13.8 141

Worcester, MA 752,684 801,227 92 6.4 256

Yakima, WA 222,696 247,141 216 11.0 187

York-Hanover, PA 382,749 436,770 141 14.1 136

Youngstown-Warren-Boardman, OH-PA 602,171 562,739 119 -6.5 389

Yuba City , CA 139,483 167,497 268 20.1 79

Yuma, AZ 160,675 200,870 241 25.0 42

Source: Census. Updated through July 2011.

Population 2000-2011

Page 46: GDP Forecasts - chase.com Forecasts OUTPUT AND EMPLOYMENT June 2, 2014 Regional Perspectives: Alabama Economic Outlook Commercial Banking 2 ... Oklahoma 2.0 0.7 -4.4 1…

CONTACT:

James E. Glassman

Telephone: (212) 270-0778

[email protected]

© 2014 JPMorgan Chase & Co. All rights reserved. Chase, JPMorgan and JPMorgan Chase are marketing names for certain businesses of JPMorgan Chase & Co. and its subsidiaries worldwide

(collectively, “JPMC”). The material contained herein is intended as a general market commentary. To the extent indices have been used in this commentary, please note that it is not possible to

invest directly in an index. Opinions expressed herein are those of James Glassman and may differ from those of other J.P. Morgan employees and affiliates. This information in no way constitutes

J.P. Morgan research and should not be treated as such. Further, the views expressed herein may differ from that contained in J.P. Morgan research reports. The above

summary/prices/quotes/statistics have been obtained from sources deemed to be reliable, but we do not guarantee their accuracy or completeness.