Calculate the dollar amount of loans written off net of recoveries by Chase Bank in the second quarter of 2020. How did this write-off impact Net Income and Total Assets?

  
 
 
 

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Consolidated Statement of Income (Unaudited) (in millions, except per share amounts) Interest income Debt securities Mortgage loans held for sale Loans held for sale Loans Equity securities Other interest income Total interest income Interest expense Deposits Short-term borrowings Long-term debt Other interest expense Total interest expense Net interest income Provision (reversal of provision) for credit losses: Debt securities (1) Loans Net interest income after provision for credit losses Noninterest income Service charges on deposit accounts Trust and investment fees Card fees Other fees Mortgage banking Net gains from trading activities Net gains on debt securities Net gains (losses) from equity securities Lease income Other (2) Quarter ended June 30, 2019 2020 2,946 230 7 8,448 116 54 11,801 585 (17) 1,237 116 1,921 9,880 (31) 9,565 346 930 3,351 797 578 317 807 212 533 334 97 3,781 $ 195 20 11,316 236 1,438 16,986 2,213 646 1,900 132 4,891 12,095 - 503 11,592 1,206 3,568 1,025 800 758 229 20 622 424 837 Quarter ended March 31, 2020 2019 3,472 197 12 10,065 206 775 14,727 1,742 291 1,240 142 3,415 11,312 172 3,833 7,307 1,209 3,574 892 632 379 64 237 (1,401) 352 467 3,941 152 24 11,354 210 1,322 17,003 2,026 596 1,927 143 4,692 12,311 - 845 11,466 1,094 3,373 944 770 708 357 125 814 443 670 Consolidated Statement of Income (Unaudited) (in millions, except per share amounts) Interest income Debt securities Mortgage loans held for sale Loans held for sale Loans Equity securities Other interest income Total interest income Interest expense Deposits Short-term borrowings Long-term debt Other interest expense Total interest expense Net interest income Provision (reversal of provision) for credit losses: Debt securities (1) Loans Net interest income after provision for credit losses Noninterest income Service charges on deposit accounts Trust and investment fees Card fees Other fees Mortgage banking Net gains from trading activities Net gains on debt securities Net gains (losses) from equity securities Lease income Other (2) Quarter ended June 30, 2019 2020 2,946 230 7 8,448 116 54 11,801 585 (17) 1,237 116 1,921 9,880 (31) 9,565 346 930 3,351 797 578 317 807 212 533 334 97 3,781 $ 195 20 11,316 236 1,438 16,986 2,213 646 1,900 132 4,891 12,095 - 503 11,592 1,206 3,568 1,025 800 758 229 20 622 424 837 Quarter ended March 31, 2020 2019 3,472 197 12 10,065 206 775 14,727 1,742 291 1,240 142 3,415 11,312 172 3,833 7,307 1,209 3,574 892 632 379 64 237 (1,401) 352 467 3,941 152 24 11,354 210 1,322 17,003 2,026 596 1,927 143 4,692 12,311 - 845 11,466 1,094 3,373 944 770 708 357 125 814 443 670

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