Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks

Schedule O
Memoranda
Item No.
6

Caption and Instructions
Outstanding balance of Paycheck Protection Program (PPP) loans. The PPP was
established by Section 1102 of the 2020 Coronavirus Aid, Relief, and Economic Security Act,
which was enacted on March 27, 2020. PPP covered loans, as defined in Section 7(a)(36) of the
Small Business Act (15 U.S.C. 636(a)(36)), are fully guaranteed as to principal and accrued
interest by the U.S. Small Business Administration.
Report the aggregate amount at which PPP loans held for investment and held for sale are
included in Schedule C, Part I, and PPP loans held for trading are included in Schedule RAL, item
1(f)(5), as of the report date.