JPMorgan Chase Has A Secret 'Money Room,' Jamie Dimon Says

02/05/2013 11:39 am ET
  • Bonnie Kavoussi Master's student in economics, the University of Michigan

JPMorgan Chase has a "money room" stored away in Florida, where it moves trillions of dollars every day, CEO Jamie Dimon said at a conference Monday, according to Business Insider.

But really, did you expect anything less?

"It's a money room at an undisclosed location. It's in Florida, but it moves, every day, $2 to $5 trillion around the world," Dimon said, according to Business Insider. "JPMorgan moves a lot of money for corporations and individuals, and that room, which I took my Board of Directors to, is just very impressive." (We have no further details about the money room at this time.)

JPMorgan is not the only bank with a giant money room. The Federal Reserve Bank of New York's gold vault protects gold bars owned by various countries and international agencies. There, the New York Fed holds about 23 percent of all the world's gold reserves, according to the Los Angeles Times.

Dimon didn't keep his comments to money rooms alone, however. The CEO reportedly let off a number of one-liners, including a good-natured shot at the press, Business Insider said in a separate report.

What's less funny: He also said that people under age 40 shouldn't get Social Security benefits until their 70s, according to American Banker.

JPMorgan is the biggest bank in the country by assets, with total assets of $2.3 trillion as of the end of September 2012, according to the Federal Reserve.

Earlier on HuffPost:

Jamie Dimon Hates On Regulation: A History

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