J.P. Morgan Chase & Co. (JPMorgan Chase) is a financial holding company with operations in over 50 countries. Its principal bank subsidiaries are JPMorgan Chase Bank in New York, and Chase Manhattan Bank USA in Delaware. JPMorgan Chase's principal non-bank subsidiary is its investment bank, J.P. Morgan Securities Inc. JPMorgan Chase's activities are internally organized into five major business segments: Investment Bank, Treasury & Securities Services, Investment Management & Private Banking, JPMorgan Partners and Retail & Middle Market Financial Services. As of December 31, 2001, the Company had $694 billion in assets and $41 billion in stockholders' equity. In November 2001, the Company merged its two lead banks, The Chase Manhattan Bank and Morgan Guaranty Trust Company of New York. The name of the merged bank is JPMorgan Chase Bank.