jpmorgan chase & co . / 2008 annual report 85 of $ 1.0 billion and is also required to notify the securities and exchange commission ( 201csec 201d ) in the event that tentative net capital is less than $ 5.0 billion in accordance with the market and credit risk standards of appendix e of the net capital rule . as of december 31 , 2008 , jpmorgan securities had tentative net capital in excess of the minimum and the notification requirements . on october 1 , 2008 , j.p . morgan securities inc