According to Bloomberg, JPMorgan Chase (JPM) is using cheap funding from government-chartered institutions to meet new regulations designed to ensure it won’t need a taxpayer bailout in the future. As Bloomberg explains:

The bank borrowed almost $20 billion in the first half of the year from Federal Home Loan Banks, according to filings, almost as much as it got from selling dollar-denominated bonds in 2013. New York-based JPMorgan, with $2.4 trillion of assets, obtained most of the loans from the Federal Home Loan Bank of Cincinnati, whose 740 members typically resemble the $139 million-asset Bank of McCreary County in Kentucky and $40 million-asset Rural Cooperatives Credit Union.

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