Form FR Y-11 FR Y-11 Financial Statements of U.S. Nonbank Subsidiaries of U.S

FR Y-11
OMB Number 7100–0244
Avg. hrs. per response: 6.8
Expires March 31, 2011

Board of Governors of the Federal Reserve System

Financial Statements of U.S. Nonbank Subsidiaries
of U.S. Bank Holding Companies—FR Y-11
(See General Instructions for filing frequency requirements)
This Report is required by law: Section 5(c) of the Bank Holding
Company Act (12 U.S.C. 1844) and Section 225.5(b) of Regulation Y (12 CFR 225.5(b)).
The Financial Statements of U.S. Nonbank Subsidiaries of U.S.
Bank Holding Companies are to be prepared in accordance

NOTE: The Financial Statements of U.S. Nonbank Subsidiaries of
U.S. Bank Holding Companies must be signed by an authorized
officer of the bank holding company.

with the instructions provided by the Federal Reserve System.
The Federal Reserve may not conduct or sponsor, and an organization
(or a person) is not required to respond to, a collection of information
unless it displays a currently valid OMB control number.

Date of Report:

March 31, 2009
Month / Date / Year

(BHCS 9999)

I,
Name and Title of Officer

have reviewed the Financial Statements of U.S. Nonbank Subsidiaries of U.S. Bank Holding Companies and believe that the report
has been prepared in accordance with the instructions issued by the
Federal Reserve.

Legal Title of the Top-Tier Bank Holding Company

(Mailing Address of the Bank Holding Company) Street / P.O. Box

City

Signature of Officer

(TEXT 9010)

(TEXT 9130)

State

(TEXT 9200)

(TEXT 9110)

Zip Code

(TEXT 9220)

Date of Signature

Return to the appropriate Federal Reserve District Bank the completed original and the number of copies specified by that District Bank.

To be completed for the December report only.
Indicate whether the subsidiary meets
the annual or quarterly filing criteria for "1" = Annual BHCS
December ............................................... "2" = Quarterly 6909

For Federal Reserve Bank Use Only
BHC RSSD ID
SUB RSSD ID

Person to whom questions about this report should be directed:

Name / Title

(TEXT 8901)

Area Code / Phone Number

FAX Number

(TEXT 8902)

(TEXT 9116)

C.I.
E-mail Address of Contact

(TEXT 4086)

Public reporting burden for this information collection is estimated to vary from 3.2 to 8.5 hours per response, with an average of 6.8 hours per response, including time to gather
and maintain data in the required form and to review instructions and complete the information collection. Comments regarding this burden estimate or any other aspect of this
information collection, including suggestions for reducing the burden, may be sent to Secretary, Board of Governors of the Federal Reserve System, 20th and C Streets, N.W.,
Washington, D.C. 20551, and to the Office of Management and Budget, Paperwork Reduction Project (7100–0244), Washington, D.C. 20503.

FR Y–11
Page 1

For Federal Reserve Bank Use Only

Financial Statements of U.S. Nonbank Subsidiaries
of U.S. Bank Holding Companies

BHC RSSD ID
SUB RSSD ID
C.I.

Legal Name of Nonbank Subsidiary (TEXT 9012)

(Mailing Address of Nonbank Subsidiary) Street / P.O. Box (TEXT 9013)

If the name of the nonbank subsidiary has changed since the previous FR Y–11
was filed with the Federal Reserve, indicate the former name of the company.
(TEXT 9023)

City

(TEXT 9024)

State

(TEXT 9026)

Zip Code

(TEXT 9027)

Schedule IS—Income Statement (calendar year-to-date)
Dollar Amounts in Thousands
1. Interest income:
a. Interest and fee income from nonrelated organizations ....................................................
b. Interest and fee income from related organizations ..........................................................
c. Total interest income (sum of items 1.a and 1.b)...............................................................
2. Interest expense:
a. Interest expense pertaining to nonrelated organizations...................................................
b. Interest expense pertaining to related organizations.........................................................
c. Total interest expense (sum of items 2.a and 2.b).............................................................
3. Net interest income (item 1.c minus item 2.c) ........................................................................
4. Provision for loan and lease losses (must equal Schedule IS-B, item 4) ...............................
5. Noninterest income:
a. From nonrelated organizations:
(1) Income from fiduciary activities .................................................................................
(2) Service charges on deposit accounts........................................................................
(3) Trading revenue ........................................................................................................
(4) Investment banking, advisory, brokerage, and underwriting fees and commissions.
(5) Venture capital revenue.............................................................................................
(6) Net servicing fees ......................................................................................................
(7) Net securitization income ..........................................................................................
(8) Insurance commissions and fees ..............................................................................
(9) Fees and commissions from annuity sales ...............................................................
(10) Other noninterest income ..........................................................................................
b. From related organizations................................................................................................
c. Total noninterest income (sum of items 5.a.(1) through 5.a.(10) and 5.b).........................
6. Realized gains (losses) on securities not held in trading accounts ........................................
7. Noninterest expense:
a. Pertaining to nonrelated organizations ..............................................................................
b. Pertaining to related organizations ....................................................................................
c. Total noninterest expense (sum of items 7.a and 7.b).......................................................
8. Income (loss) before extraordinary items and other adjustments
(sum of items 3, 5.c, and 6, minus items 4 and 7.c)...............................................................
9. Applicable income taxes (benefits) (estimated) .....................................................................
10. Extraordinary items, net of applicable income taxes ..............................................................
11. Equity in undistributed income (loss) of subsidiary(s) ............................................................
12. Net income (loss) (sum of items 8, 10, and 11 minus item 9) ................................................

MEMORANDA

Dollar Amounts in Thousands

BHCS

Bil

Mil

Thou

A028
A029
4107

1.a.
1.b.
1.c.

A030
A031
4073
4074
4230

2.a.
2.b.
2.c.
3.
4.

4070
4080
A220
B490
B491
B492
B493
B494
C887
B497
4619
4079
4091

5.a.(1)
5.a.(2)
5.a.(3)
5.a.(4)
5.a.(5)
5.a.(6)
5.a.(7)
5.a.(8)
5.a.(9)
5.a.(10)
5.b.
5.c.
6.

A034
C376
4093

7.a.
7.b.
7.c.

3631
4302
4320
3147
4340

BHCS

Memorandum item 1 is to be completed by nonbank subsidiaries that are required to complete
Schedule BS-A, Memoranda items 1.b and 1.c.
1. Noncash income from negative amortization on closed-end loans secured by 1–4 family
residential properties (included in Schedule IS, item 1.a) ...................................................... F228
Memorandum item 2 is to be completed by nonbank subsidiaries that have elected to account
for financial instruments or servicing assets and liabilities at fair value under a fair value option.
2. Net change in fair values of financial instruments accounted for under a fair value
option ..................................................................................................................................... F229

8.
9.
10.
11.
12.

Bil

Mil

Thou

M.1.

M.2.
3/08

FR Y–11
Page 2

Schedule IS-A—Changes in Equity Capital
Dollar Amounts in Thousands

BHCS

Bil

Mil

Thou

1. Equity capital most recently reported for the end of previous calendar year (i.e., after
adjustments from amended Income Statements) .................................................................. 3217
2. Net income (loss) (must equal Income Statement, item 12) ..................................................
3.
4.
5.
6.
7.

Sale, conversion, acquisition, or retirement of common stock and perpetual preferred stock ..
LESS: Cash dividends declared.............................................................................................
Other comprehensive income1 ...............................................................................................
Other adjustments to equity capital ........................................................................................
Total equity capital at end of current period (sum of items 1, 2, 3, 5 and 6 minus item 4)
(must equal Schedule BS, item 18.g).....................................................................................

1.

bhct
4340
BHCS
A035
4598
B511
3581
bhct
3210

2.
3.
4.
5.
6.
7.

1. Includes changes in net unrealized holding gains (losses) on available-for-sale securities, changes in accumulated net gains (losses) on
cash flow hedges, cumulative foreign currency translation adjustments, and changes in minimum pension liability adjustments.

Schedule IS-B—Changes in Allowance for Loan and Lease Losses
Dollar Amounts in Thousands

BHCS

Bil

Mil

Thou

1. Balance most recently reported at end of previous calendar year (i.e., after adjustments
from amended Income Statements) ....................................................................................... 3124
2. Recoveries ............................................................................................................................. 4605
3. LESS: Charge-offs .................................................................................................................. C079

1.
2.
3.

bhct
4230
4. Provision for loan and lease losses (must equal Schedule IS, item 4) ..................................
BHCS
5. Adjustments ........................................................................................................................... 4815
bhct
6. Balance at end of current period (sum of items 1, 2, 4 and 5 minus item 3) (must equal
3123
Schedule BS, item 3.b) ..........................................................................................................

4.
5.
6.

Schedule BS—Balance Sheet
Dollar Amounts in Thousands
ASSETS
1. Cash and balances due from depository institutions..............................................................
2. Securities:
a. Held-to-maturity securities.................................................................................................
b. Available-for-sale securities ..............................................................................................
3. Loans and lease financing receivables (including federal funds sold):
a. Loans and lease financing receivables, net of unearned income
(from Schedule BS-A, item 6)............................................................................................
b. LESS: Allowance for loan and lease losses (from Schedule IS-B, item 6) ........................
c. Loans and lease financing receivables, net of unearned income and allowance for
loan and lease losses (item 3.a minus 3.b) .......................................................................
4. Trading assets ........................................................................................................................
5. Premises and fixed assets (including capitalized leases) ......................................................
6. Other real estate owned .........................................................................................................
7. All other assets.......................................................................................................................
8. Claims on nonrelated organizations (sum of items 1, 2, 3.c through 7) .................................
9. Balances due from related institutions, gross ........................................................................
10. Total assets (sum of items 8 and 9) (must equal item 19)......................................................

BHCS

Bil

Mil

Thou

0010

1.

1754
1773

2.a.
2.b.

2122
3123

3.a.
3.b.

2125
3545
2145
2150
1724
C377
C378
2170

3.c.
4.
5.
6.
7.
8.
9.
10.

6/06

FR Y–11
Page 3

Schedule BS—Continued
Dollar Amounts in Thousands
LIABILITIES AND EQUITY CAPITAL
11. Trading liabilities ....................................................................................................................
12. Other borrowed money with a remaining maturity of one year or less (including
commercial paper issued and federal funds purchased) .......................................................
13. Other borrowed money with a remaining maturity of more than one year (including
subordinated debt and limited-life preferred stock and related surplus) ................................
14. Other liabilities........................................................................................................................
15. Liabilities to nonrelated organizations (sum of items 11 through 14) .....................................
16. Balances due to related institutions, gross.............................................................................
17. Total liabilities (sum of items 15 and 16) ................................................................................
18. Equity capital:
a. Stock .................................................................................................................................
b. Surplus (exclude all surplus related to preferred stock) ....................................................
c. Retained earnings .............................................................................................................
d. Accumulated other comprehensive income1 .....................................................................
e. General and limited partnership shares and interests .......................................................
f. Other equity capital components2......................................................................................
g. Total equity capital (sum of items 18.a through 18.f) (must equal Schedule IS-A,
item 7) ...............................................................................................................................
19. Total liabilities and equity capital (sum of items 17 and 18.g) (must equal item 10) ..............

BHCS

Bil

Mil

Thou

3548

11.

C379

12.

1729
2750
A012
C380
2948

13.
14.
15.
16.
17.

3230
3240
3247
B530
F033
A130

18.a.
18.b.
18.c.
18.d.
18.e.
18.f.

3210
3300

18.g.
19.

1. Includes net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges,
cumulative foreign currency translation adjustments, and minimum pension liability adjustments.
2. Includes treasury stock and unearned Employee Stock Ownership Plan shares.
For Federal Reserve Bank Use Only
C.I.

Dollar Amounts in Thousands
DERIVATIVES AND OFF-BALANCE-SHEET ITEMS
20. Unused commitments on securities underwriting...................................................................
21. Unused commitments on loans and all other unused commitments ......................................
22. Standby letters of credit and foreign office guarantees ..........................................................
23. Commercial and similar letters of credit .................................................................................
24. Commitments to purchase foreign currencies and U.S. dollar exchanges (spot, forward,
and futures) ............................................................................................................................
25. All other futures and forward contracts (excluding contracts involving foreign exchange) ....
26. Option contracts:
a. Written option contracts.....................................................................................................
b. Purchased option contracts ...............................................................................................
27. Notional value of interest rate swaps .....................................................................................
28. Notional value of exchange swaps (e.g., cross currency swaps)...........................................
29. Notional value of other swaps ................................................................................................
30. All other off-balance-sheet liabilities.......................................................................................

BHCS

Bil

Mil

Thou

3817
A013
A014
3411

20.
21.
22.
23.

3415
A015

24.
25.

A098
A099
3450
3826
3829
A100

26.a.
26.b.
27.
28.
29.
30.

MEMORANDA
Dollar Amounts in Thousands

BHCS

Memoranda items 1.a and 1.b are to be completed by nonbank subsidiaries that have
elected to account for financial instruments or servicing assets and liabilities at fair
value under a fair value option.
1. Financial assets and liabilities measured at fair value under a fair value option
a. Total assets ....................................................................................................................... F819
b. Total liabilities .................................................................................................................... F820

Bil

Mil

Thou

M.1.a.
M.1.b.

3/08

FR Y–11
Page 4

Schedule BS-A—Loans and Lease Financing Receivables
(exclude balances with related institutions)
Dollar Amounts in Thousands

BHCS

Loans secured by real estate .................................................................................................
Loans to depository institutions ..............................................................................................
Commercial and industrial loans ............................................................................................
Loans to individuals for personal, household, and other personal expenditures ...................
All other loans and lease financing receivables .....................................................................
Total loans and lease financing receivables (sum of items 1 through 5 above)
(must equal Schedule BS, item 3.a).......................................................................................
7. Past due and nonaccrual loans and leases:
a. Loans and leases past due 30 through 89 days................................................................
b. Loans and leases past due 90 days or more ....................................................................
c. Nonaccrual loans and leases ............................................................................................
d. Restructured loans and leases (included in items 7.a through 7.c above) ........................

1410
3622
3623
1975
A017
bhct
2122
BHCS
1406
1407
1403
A018

1.
2.
3.
4.
5.
6.

Bil

Mil

Thou

1.
2.
3.
4.
5.
6.
7.a.
7.b.
7.c.
7.d.

MEMORANDA
Dollar Amounts in Thousands

BHCS

Bil

Mil

Thou

1. Closed-end loans with negative amortization features secured by 1–4 family
residential properties:
Memorandum item 1.a is to be completed by all nonbank subsidiaries.
a. Total carrying amount of closed-end loans with negative amortization features
secured by 1–4 family residential properties (included in Schedule BS-A, item 1) ........... F230
Memoranda items 1.b and 1.c are to be completed by nonbank subsidiaries that had
closed-end loans with negative amortization features secured by 1–4 family
residential properties (included in Schedule BS-A, item 1) as of December 31, 2008,
in excess of 5 percent of total loans and leases, net of unearned income (as
reported in Schedule BS-A, item 6).
b. Total maximum remaining amount of negative amortization contractually permitted on
closed-end loans secured by 1–4 family residential properties ......................................... F231
c. Total amount of negative amortization on closed-end loans secured by 1–4 family
residential properties included in the carrying amount reported in Memorandum
item 1.a above ................................................................................................................... F232

M.1.a.

M.1.b.

M.1.c.

3/09

FR Y–11
Page 5

Schedule BS-M—Memoranda
Dollar Amounts in Thousands
1. Loans to non-U.S. addressees...............................................................................................
2. Loan and other assets servicing portfolio:
NUMBER
a. Number of loans and other assets in servicing portfolio
A019
(report the actual number) .................................................
b. Dollar amount of loans and other assets in servicing portfolio ..........................................
3. Loans and other assets that have been securitized and sold without recourse with
servicing retained (year to date).............................................................................................
4. Investments in other companies ............................................................................................
5. Intangible assets:
a. Goodwill.............................................................................................................................
b. Mortgage servicing assets.................................................................................................
c. All other identifiable intangible assets ...............................................................................
6. Assets held in trading accounts (excluding trading balances with related
organizations):
a. Securities of U.S. government and its agencies ..........................................................
b. Securities of all foreign governments and official institutions...................................
c. Equity securities..............................................................................................................
d. Corporate bonds, notes and debentures .....................................................................
e. Revaluation gains on interest rate, foreign exchange rate, and other
commodity and equity contracts ..................................................................................
f. Loans ...............................................................................................................................
(1) Loans that are past due 90 days or more or nonaccruing
(a) Fair value ...............................................................................................................
(b) Unpaid principal balance .....................................................................................
g. Other (including commercial paper)..............................................................................
7. Other assets:
a. Accrued interest receivable. ..............................................................................................
b. Prepaid expenses..............................................................................................................
c. Net deferred tax assets .....................................................................................................
d. Accounts receivable ..........................................................................................................
8. Earning assets .......................................................................................................................
9. Balances due from related institutions, gross:
a. Balances due from bank holding company (parent companies only), gross .....................
b. Balances due from subsidiary banks of the bank holding company, gross .......................
c. Balances due from other nonbank subsidiaries of the bank holding company, gross .......
10. Commercial paper issued ......................................................................................................
11. Borrowings that reprice within one year .................................................................................
12. Other liabilities:
a. Expenses accrued and unpaid ..........................................................................................
b. Net deferred tax liabilities ..................................................................................................
c. Accounts payable ..............................................................................................................
13. Balances due to related institutions, gross:
a. Balances due to bank holding company (parent companies only), gross .........................
b. Balances due to subsidiary banks of the bank holding company, gross ...........................
c. Balances due to other nonbank subsidiaries of the bank holding company, gross ...........
14. Perpetual preferred stock and related surplus .......................................................................
15. Assets sold with recourse ......................................................................................................

BHCS

Bil

Mil

Thou

1722

1.

A020

2.a.
2.b.

A021
2130

3.
4.

3163
3164
3165

5.a.
5.b.
5.c.

5468
5469
5470
5477

6.a.
6.b.
6.c.
6.d.

A210
G208

6.e.
6.f.

F639
F640
5478

6.f.(1)(a)
6.f.(1)(b)
6.g.

B556
A022
A023
A024
3197

7.a.
7.b.
7.c.
7.d.
8.

1725
1726
1793
2309
3298

9.a.
9.b.
9.c.
10.
11.

A025
A026
A027

12.a.
12.b.
12.c.

1781
1782
1794
3283
A016

13.a.
13.b.
13.c.
14.
15.

3/09

FR Y–11
Page 6

Notes to the Financial Statements
Enter in the lines provided below any additional information on specific line items on the financial statements that the bank holding company
wishes to explain that are material in amount and cannot be disclosed separately in the existing line items.
Each additional piece of information disclosed should include the appropriate reference to the financial statement and item number, as well
as a description of the additional information and the dollar amount (in thousands of dollars) associated with that disclosure.

Example
A bank holding company nonbank subsidiary reports $1 million in “All other assets.” Of this amount, $500,000 is related to accounts receivable. Enter on the line item below the following information:
TEXT

0000

BHCS

Bil

Mil

Thou

Accounts receivable of $500,000 are included in line item 7,
“All other assets,” on the balance sheet.
0000

500

Notes to the Financial Statements
TEXT

Dollar Amount in Thousands

BHCS

Bil

Mil

Thou

1. B057
B057

1.

B058

2.

B059

3.

B060

4.

B061

5.

B062

6.

B063

7.

B064

8.

B065

9.

B066

10.

2. B058

3. B059

4. B060

5. B061

6. B062

7. B063

8. B064

9. B065

10. B066

12/02

FR Y-11S
OMB Number 7100–0244
Avg. hrs. per response: 1.0
Expires March 31, 2011

Board of Governors of the Federal Reserve System

Abbreviated Financial Statements of U.S. Nonbank Subsidiaries
of U.S. Bank Holding Companies—FR Y-11S
(See General Instructions for filing frequency requirements)
This Report is required by law: Section 5(c) of the Bank Holding
Company Act (12 U.S.C. 1844) and Section 225.5(b) of Regulation Y (12 CFR 225.5(b)).
The Abbreviated Financial Statements of U.S. Nonbank Subsidiaries
of U.S. Bank Holding Companies are to be prepared in accordance

NOTE: The Abbreviated Financial Statements of U.S. Nonbank
Subsidiaries of U.S. Bank Holding Companies must be signed by
an authorized officer of the bank holding company.

1.
Legal Title of the Top-Tier Bank Holding Company

(Mailing Address of the Bank Holding Company)

with the instructions provided by the Federal Reserve System. The
Federal Reserve may not conduct or sponsor, and an organization
(or a person) is not required to respond to, a collection of information
unless it displays a currently valid OMB control number.

(TEXT 9010)

Street / P.O. Box

(TEXT 9110)

Zip Code

(TEXT 9220)

I,
Name and Title of Officer

City

(TEXT 9130)

State

(TEXT 9200)

2.
Legal Name of Nonbank Subsidiary

(TEXT 9012)

(Mailing Address of the Nonbank Subsidiary)

Street / P.O. Box

have reviewed the Abbreviated Financial Statements of U.S. Nonbank
Subsidiaries of U.S. Bank Holding Companies and believe that the
report has been prepared in accordance with the instructions issued
by the Federal Reserve.

(TEXT 9013)
Signature of Officer

City

(TEXT 9024)

State

(TEXT 9026)

Zip Code

(TEXT 9027)
Date of Signature

Prior Name of Nonbank Subsidiary (Only if present name is different from that
used on prior year’s submission) (TEXT 9023)

Return to the appropriate Federal Reserve District Bank the completed
original and the number of copies specified by that District Bank.

3. At the close of business on
Month / Date / Year (BHCS 9999)

4. Financial data (in thousands of
U.S. dollars):
a. Net income ..............................
b. Total assets .............................
c. Equity capital ...........................
d. Total off-balance-sheet items ..

BHCS

Bil

Mil

4340
2170
3210
2013

5. Has the nonbank subsidiary elected to
account for certain assets and
liabilities under a fair value option
with changes in fair value recognized
in earnings? ..............................................
For Federal Reserve Bank Use Only
BHC RSSD ID
SUB RSSD ID
C.I.

Thou

Person in the U.S. to whom questions about the FR Y–11S should
be directed:
Name / Title

(TEXT 8901)

Area Code / Phone Number

FAX Number
"0" = No BHCS
"1" = Yes F822

(TEXT 8902)

(TEXT 9116)

E-mail Address of Contact

(TEXT 4086)

Public reporting burden for this information collection is estimated to be 1.0 hours per
response, including time to gather and maintain data in the required form and to review
instructions and complete the information collection. Comments regarding this burden
estimate or any other aspect of this information collection, including suggestions for
reducing the burden, may be sent to Secretary, Board of Governors of the Federal
Reserve System, 20th and C Streets, N.W., Washington, D.C. 20551, and to the Office
of Management and Budget, Paperwork Reduction Project (7100–0244), Washington,
D.C. 20503.