<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------
FORM T-1
Statement of Eligibility and Qualification Under the
Trust Indenture Act of 1939 of a Corporation
Designated to Act as Trustee
FIRST BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)
United States 41-0256895
(State of Incorporation) (I.R.S. Employer
Identification No.)
First Trust Center
180 East Fifth Street
St. Paul, Minnesota 55101
(Address of Principal Executive Offices) (Zip Code)
FIRSTPLUS INVESTMENT CORPORATION
(Exact name of registrant as specified in its charter)
Nevada 75-2596063
(State of Incorporation) (I.R.S. Employer
Identification No.)
3773 Howard Hughes Parkway,
Suite 300N
Las Vegas, Nevada 89109
(Address of Principal Executive Offices) (Zip Code)
ASSET BACKED NOTES
-----------------------------------
(Title of the Indenture Securities)
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GENERAL
1. General Information Furnish the following information as to the Trustee.
(a) Name and address of each examining or supervising authority to
which it is subject.
Comptroller of the Currency
Washington, D.C.
(b) Whether it is authorized to exercise corporate trust powers.
Yes
2. AFFILIATIONS WITH OBLIGOR AND UNDERWRITERS If the obligor or any
underwriter for the obligor is an affiliate of the Trustee, describe each
such affiliation.
None
See Note following Item 16.
Items 3-15 are not applicable because to the best of the Trustee's
knowledge the obligor is not in default under any Indenture for which the
Trustee acts as Trustee.
16. LIST OF EXHIBITS List below all exhibits filed as a part of this
statement of eligibility and qualification.
1. Copy of Articles of Association.
2. Copy of Certificate of Authority to Commence Business.
3. Authorization of the Trustee to exercise corporate trust powers
(included in Exhibits 1 and 2; no separate instrument).
4. Copy of existing By-Laws.
5. Copy of each Indenture referred to in Item 4. N/A.
6. The consents of the Trustee required by Section 321(b) of the
act.
7. Copy of the latest report of condition of the Trustee published
pursuant to law or the requirements of its supervising or
examining authority.
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NOTE
The answers to this statement insofar as such answers relate to what
persons have been underwriters for any securities of the obligors within three
years prior to the date of filing this statement, or what persons are owners of
10% or more of the voting securities of the obligors or affiliates, are based
upon information furnished to the Trustee by the obligors, While the Trustee
has no reason to doubt the accuracy of any such information, it cannot accept
any responsibility therefor.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the
Trustee, First Bank National Association, an Association organized and existing
under the laws of the United States, has duly caused this statement of
eligibility and qualification to be signed on its behalf by the undersigned,
thereunto duly authorized, and its seal to be hereunto affixed and attested,
all in the City of Saint Paul and State of Minnesota on the 27th day of August,
1996.
FIRST BANK NATIONAL ASSOCIATION
[SEAL]
/s/Lynn M. Steiner
----------------------------------------
Lynn M. Steiner
Assistant Vice President
/s/ Eve D. Kaplan
- --------------------------------------
Eve D. Kaplan
Assistant Secretary
<PAGE> 4
AMENDED AND RESTATED
ARTICLES OF ASSOCIATION
FIRST BANK NATIONAL ASSOCIATION
FIRST. The title of this Association, which shall carry on the
business of banking under the laws of the United States, shall be "First Bank
National Association."
SECOND. The main office of the Association shall be in the City of
Minneapolis, County of Hennepin, State of Minnesota. The general business of
the Association shall be conducted at its main office and branches.
THIRD. The Board of Directors of this Association shall consist of
not less than five nor more than twenty- five members. At any meeting of the
shareholders held for the purpose of electing Directors, or changing the number
thereof, the number of Directors may be determined by a majority of the votes
cast by the shareholders in person or by proxy. Between meetings of the
shareholders held for the purpose of electing Directors, the Board of Directors
by a majority vote of the full Board may increase the size of the Board by not
more than four Directors in any one year, but not to more than a total of
twenty-five Directors, and fill any vacancy so created in the Board. A
majority of the Board of Directors shall be necessary to constitute a quorum
for the transaction of business at any Directors' meeting. Each Director,
during the full term of his directorship, shall own a minimum of $1,000 par
value of stock of this Association, or any equivalent interest in stock of
First Bank System, Inc.
FOURTH. The regular annual meeting of the shareholders of this
Association shall be held at its main banking house, or other convenient place
duly authorized by the Board of Directors, on such day of each year as is
specified therefor in the By-laws, but if no election is held on that day, it
may be held on any subsequent day according to such lawful rules as may be
prescribed by the Board of Directors.
FIFTH. The authorized amount of capital stock of this Association
shall be divided into 3,500,000 shares of common stock at the par value of
Fifty Dollars ($50.00) each; but said capital stock may be increased or
decreased from time to time, in accordance with the provisions of the laws of
the United States.
If the capital stock is increased by the sale of additional shares
thereof, each shareholder shall be entitled to subscribe for such additional
share in proportion to the number of shares of said capital stock owned by him
at the time the increase is authorized by the shareholders, unless another time
subsequent to the date of the shareholders' meeting is specified in a
resolution adopted by the shareholders at the time the increase is authorized.
The Board of Directors shall have the power to prescribe a reasonable period of
time within which the preemptive rights to subscribe to the new shares of
capital stock must be exercised.
If the capital stock is increased by a stock dividend, each
shareholder shall be entitled to his proportionate amount of such increase in
accordance with the number of shares of capital stock
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owned by him at the time the increase is authorized by the shareholders, unless
another time subsequent to the date of the shareholders' meeting is specified
in a resolution adopted by the shareholders at the time the increase is
authorized.
The Association, and at any time and from time to time, may authorize
and issue debt obligations, whether or not subordinated, without the approval
of the shareholders. In the event said debt obligations are convertible to
capital stock of the Association, each shareholder shall be entitled to
subscribe for such additional shares in proportion to the number of shares of
capital stock owned by him one month prior to the issuance of capital stock in
satisfaction of said convertible debt obligations.
SIXTH. The Board of Directors shall appoint one of its members
President of this Association, who shall be Chairman of the Board, unless the
Board appoints another director to be the Chairman. The Board may also appoint
one or more of its members to serve as Vice Chairman. The Board shall have the
power to appoint such officers and employees as may be required to transact the
business of this Association; to fix the salaries to be paid to such officers
and employees of this Association; and to dismiss any of such officers or
employees and appoint others to take their place.
The Board of Directors shall have the power to define the duties of
officers and employees of this Association and to require adequate bonds from
them for the faithful performance of their duties; to regulate the manner in
which any increase of the capital of the Association shall be made; to make all
By-laws that may be lawful for the general regulation of the business of this
Association and the management of its affairs; and generally to do and perform
all acts that may be lawful for a Board of Directors to do and perform.
SEVENTH. The Board of Directors shall have the power to change the
location of the main office of this Association to any other place within the
limits of the City of Minneapolis, Minnesota, without the approval of the
shareholders of this Association but subject to the approval of the Comptroller
of the Currency; and shall have the power to change the location of any branch
or branches of this Association to any other location, without the approval of
the shareholders of this Association but subject to the approval of the
Comptroller of the Currency.
EIGHTH. This Association shall have succession from the date of its
organization certificate until such time as it be dissolved by the act of its
shareholders in accordance with the provisions of the banking laws of the
United States, or until its franchise becomes forfeited by reason of violation
of law, or until terminated by either a general or a special act of Congress,
or until its affairs be placed in the hands of a receiver and finally wound up
by him.
NINTH. The Board of Directors of this Association, or any three or
more shareholders owning, in the aggregate, not less than ten per centum of the
stock of this Association, may call a special meeting of shareholders at any
time; provided, however, that unless otherwise provided by law, not less than
ten days prior to the date fixed for any such meeting, a notice of the time,
place, and purpose of the meeting shall be given by first-class mail, postage
prepaid, to all shareholders of record of this Association at their respective
addresses as shown upon the books of the Association.
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TENTH. Any action required to be taken at a meeting of the
shareholders or directors of or any action which may be taken at a meeting of
shareholders or directors may be taken without a meeting if consent in writing,
setting forth the action as taken shall be signed by all the shareholders or
directors entitled to vote with respect to the matter thereof. Such action
shall be effective on the date on which the last signature is place on the
writing, or such earlier date as is set forth therein.
ELEVENTH. Meetings of the Board of Directors or shareholders, regular
or special, may be held by means of conference telephone or similar
communication equipment by means of which all persons participating in the
meeting can simultaneously hear each other, and participation in such meeting
by such aforementioned means shall constitute presence in person at such
meeting.
TWELFTH. (a) Any person who was or is a party or is threatened to
be made a party to any threatened, pending or completed action, suit or
proceeding, whether civil, criminal, administrative or investigative (other
than any action by or in the right of the Corporation) by reason of the fact
that he is or was a director, officer, employee or agent of the Corporation, or
is or was serving at the request of the Corporation as a director, officer,
employee or agent of another corporation, partnership, joint venture, trust or
other enterprise, shall be indemnified by the Corporation, unless similar
indemnification is provided by such other corporation, partnership, joint
venture, trust or other enterprise (any funds received by any person as a
result of the provisions of this Article being deemed an advance against his
receipt of any such other indemnification from any such other corporation,
partnership, joint venture, trust or other enterprise), against expenses
(including attorneys' fees), judgments, fines and amounts paid in settlement
actually and reasonably incurred by such person in connection with such action,
suit or proceeding if such person acted in good faith and in a manner such
person reasonably believed to be in or not opposed to the best interest of the
Corporation, and, with respect to any criminal action or proceeding, had no
reasonable cause to believe his conduct was unlawful. The termination of any
action, suit or proceeding by judgment, order, settlement, conviction or upon a
plea of nolo contendere or its equivalent, shall not, of itself, create a
presumption that the person seeking indemnification did not act in good faith
and in a manner which he reasonably believed to be in or not opposed to the
best interest of the corporation, and, with respect to any criminal action or
proceeding, had reasonable cause to believe that his conduct was unlawful.
(b) Any person who was or is a party or is threatened to be made a
party to any threatened, pending or completed action or suit by or in the right
of the Corporation to procure a judgment in its favor by reason of the fact
that such person is or was a director, officer, employee or agent of the
Corporation, or is or was serving at the request of the Corporation as a
director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other corporation, partnership, joint venture, trust or other
enterprise shall be indemnified by the Corporation, unless similar
indemnification is provided by such other corporation, partnership, joint
venture, trust or other enterprise (any funds received by any person as a
result of the provisions of this Article being deemed an advance against his
receipt of any such other indemnification from any such other corporation,
partnership, joint venture, trust or other enterprise), against expenses
(including attorneys' fees) actually and reasonably incurred by him in
connection with the defense or settlement of such action or suit if he acted in
good faith and in a manner he reasonably believed to
Page 3 of 6
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be in or not opposed to the best interest of the corporation and except that no
indemnification shall be made in respect of any claim, issue or matter as to
which such person shall have been adjudged to be liable to the Corporation
unless and only to the extent that the Court of Chancery of the State of
Delaware or the court in which such action or suit was brought shall determine
upon application that, despite the adjudication of liability but in view of all
of the circumstances of the case, such person is fairly and reasonably entitled
to indemnify for such expenses which the Court of Chancery or such other court
shall deem proper.
(c) To the extent that a director, officer, employee or agent of
the Corporation has been successful on the merits or otherwise in defense of
any action, suit or proceeding referred to in paragraphs (a) and (b), or in
defense of any claim, issue or matter therein, such person shall be indemnified
by the Corporation against expenses (including attorneys' fees) actually and
reasonably incurred by such person in connection therewith.
(d) Except as set forth in paragraph (c) of this Article, any
indemnification under paragraphs (a) and (b) of this Article (unless ordered by
the court), shall be made by the Corporation only as authorized in the specific
case upon a determination that indemnification of the director, officer,
employee or agent is proper in the circumstances because such person has met
the applicable standard of conduct set forth in paragraphs (a) and (b) of this
Article. Such determination shall be made (1) by a majority vote of the
directors who are not parties to such action, suit or proceeding, even though
less than a quorum, or (2) if there are no such directors, of if such directors
so direct, by independent legal counsel in a written opinion, or (3) by the
stockholders.
(e) Expenses (including attorneys' fees) incurred by an officer or
director in defending any civil, criminal, administrative or investigative
action, suit or proceeding may be paid by the Corporation in advance of the
final disposition of such action, suit or proceeding upon receipt of any
undertaking by or on behalf of such director or officer to repay such amount if
it shall ultimately be determined that he is not entitled to be indemnified by
the Corporation. Such expenses (including attorneys' fees) incurred by other
employees and agents may be so paid upon such terms and conditions, if any, as
the Board of Directors deems appropriate.
(f) The indemnification and advancement of expenses provided by
this Article shall not be deemed exclusive of any other rights to which those
seeking indemnification or seeking advancement of expenses may be entitled
under any by-law, agreement, vote of stockholders or disinterested directors or
otherwise, both as to action in an official capacity and as to action in
another capacity while holding such office.
(g) By action of the Board of Directors, notwithstanding any
interest of the directors in the action, the Corporation may purchase and
maintain insurance, in such amounts as the Board of Directors deems
appropriate, on behalf of any person who is or was a director, officer,
employee or agent of the Corporation, or is or was serving at the request of
the Corporation as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise against any
liability asserted against him and incurred by him in any such capacity, or
arising out of his
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status as such, whether or not the Corporation shall have the power to
indemnify him against such liability under the provisions of this Article.
(h) For purpose of this Article, references to "the Corporation"
shall include, in addition to the resulting corporation, any constituent
corporation (including any constituent of a constituent) absorbed in a
consolidation or merger which, if its separate existence had continued, would
have had power and authority to indemnify its directors, officers, employees or
agents, so that any person who is or was a director, officer, employee or agent
of such constituent corporation, or is or was serving at the request of such
constituent corporation as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise, shall stand
in the same position under this Article with respect to the resulting or
surviving corporation as he would have with respect to such constituent
corporation if its separate existence had continued.
(i) For purposes of this Article, references to "other
enterprises" shall include employee benefit plans; reference to "fines" shall
include any excise taxes assessed on a person with respect to an employee
benefit plan; and references to "serving at the request of the Corporation"
shall include any service as a director, officer, employee or agent of the
corporation which imposes duties on, or involves services by, such director,
officer, employee or agent with respect to an employee benefit plan, its
participants or beneficiaries; and a person who acted in good faith and in a
manner he reasonably believed to be in the interest of the participants and
beneficiaries of an employee benefit plan shall be deemed to have acted in a
manner "not opposed to the best interests of the Corporation" as referred to in
this Article.
(j) The indemnification and advancement of expenses hereby
provided shall, unless otherwise provided when authorized or ratified, continue
as to a person who has ceased to be a director, officer, employee or agent and
shall inure to the benefit of the heirs, executors and administrators of such
person.
THIRTEENTH. These Articles of Association may be amended at any
regular or special meeting of the shareholders by the affirmative vote of the
holders of a majority of the stock of this Association, unless the vote of the
holders of a greater amount of stock is required by law and in that case by the
vote of the holders of such greater amount. The notice of any shareholders'
meeting at which an amendment to the Articles of Association of this
Association is to be considered shall be given as hereinabove set forth.
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IN WITNESS WHEREOF, we have hereunto set our hands as of the 23rd day of
February, 1995.
/s/ JOHN F. GRUNDHOFER /s/ PHILIP G. HEASLEY
- --------------------------------- -------------------------------------
John F. Grundhofer Philip G. Heasley
/s/ WILLIAM F. FARLEY /s/ RICHARD A. ZONA
- --------------------------------- -------------------------------------
William F. Farley Richard A. Zona
/s/ DANIEL C. ROHR /s/ MICHAEL J. O'ROURKE
- --------------------------------- -------------------------------------
Daniel C. Rohr Michael J. O'Rourke
/s/ J. ROBERT HOFFMANN
- ---------------------------------
J. Robert Hoffmann
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FIRST BANK NATIONAL ASSOCIATION
I, Elizabeth Becker, Assistant Secretary of First Bank National
Association (formerly known as First National Bank of Minneapolis), a national
banking association, hereby certify that the attached copies, to wit:
a. Certificate of authority to commence the business of banking
issued by the Office of the Comptroller of the Currency, dated
January 12, 1865 for First National Bank of Minneapolis;
b. Certificate of authority to exercise fiduciary powers issued
by the Board of Governors of the Federal Reserve System, dated
January 8, 1943 for First National Bank of Minneapolis;
c. Certificate of name change of First National Bank of
Minneapolis to First Bank National Association issued by the
Comptroller of the Currency, dated January 11, 1988, effective
December 31, 1987;
d. Articles of Association of First Bank National Association,
effective May 19, 1993;
e. Bylaws of First Bank National Association, effective June
1992;
f. Most recent Consolidated Reports of Condition and Income for A
Bank With Domestic and Foreign Offices - FFIEC 031, for First
Bank National Association;
are full, true and complete copies of the originals thereof.
IN WITNESS WHEREOF, I have hereunto set my hand and caused the seal of said
corporation to be affixed hereto this 27th day of July, 1993.
(Corporate Seal) /s/ ELIZABETH BECKER
-------------------------------------
Elizabeth Becker
Assistant Secretary
First Bank National Association
State of Minnesota )
) ss.
County of Ramsey )
The foregoing instrument was acknowledged before me this 27th of July, 1993, by
Elizabeth Becker, Assistant Secretary of First Bank National Association, a
national banking association.
JEANNE M. ERICKSON /s/ JEANNE M. ERICKSON
NOTARY PUBLIC - MINNESOTA -------------------------------
RAMSEY COUNTY Notary Public
My Commission Expires Dec. 29, 1997
<PAGE> 11
TREASURY DEPARTMENT,
OFFICE OF COMPTROLLER OF THE CURRENCY,
Washington, January 12, 1889
WHEREAS, by satisfactory evidence presented to the undersigned, it has
been made to appear that The First National Bank of Minneapolis in the Town of
Minneapolis in the County of _____________________ and State of Minnesota has
been duly organized under and according to the requirements of the Act of
Congress entitled "An Act to provide a Natinal Currency, occured by a pledge of
United States bonds, and to provide for the circulation and redemption
thereof," approved June 3, 1864, and has complied with all the provisions of
said Act required to be complied with before commencing the business of Banking
under said Act:
NOW, THEREFORE, I, ____________________________, Comptroller of the
Currency, do hereby certify that The First National Bank of Minneapolis in the
Town on Minneapolis in the County of ____________________ and State of
Minnesota is authorized to commence the business of Banking under the Act
aforesaid.
AN TESTIMONY WHEREOF, witness my hand and seal of office this Twelfth
day of January, 1989.
[SEAL] /s/ [ILLEGIBLE]
Comptroller of the Currency
<PAGE> 12
(SEAL)
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
WASHINGTON
ADDRESS OFFICIAL CORRESPONDENCE
TO THE BOARD
January 8, 1943
First National Bank of Minneapolis,
Minneapolis, Minnesota.
Gentlemen:
The Board of Governors of the Federal Reserve System has been
officially advised by the Comptroller of the Currency that on January 1, 1943,
First National Bank and Trust Company of Minneapolis, Minneapolis, Minnesota,
changed its title to First National Bank of Minneapolis, and accordingly there
is enclosed herewith a certificate showing that First National Bank of
Minneapolis has authority to exercise the fiduciary powers enumerated therein.
Kindly acknowledge receipt of this certificate.
Very truly yours,
/s/ S. R. CARPENTER
--------------------------------------
S. R. Carpenter,
Assistant Secretary.
Enclosure
[LOGO]
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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
WASHINGTON
I, S. R. Carpenter, Assistant Secretary of the Board of Governors of
the Federal Reserve System (formerly known as the Federal Reserve Board), do
hereby certify that it appears from the records of the Board of Governors of
the Federal Reserve System that:
(1) Pursuant to the authority vested in the Federal Reserve Board
by an Act of Congress approved December 23, 1913, known as the Federal Reserve
Act, as amended, the Federal Reserve Board on October 12, 1927, granted to
First National Bank in Minneapolis, Minneapolis, Minnesota, the right to act,
when not in contravention of State or local law, as trustee, executor,
administrator, registrar of stocks and bonds, guardian of estates, assignee,
receiver, committee of estates of lunatics, or in any other fiduciary capacity
in which State banks, trust companies or other corporations which come into
competition with national banks are permitted to act under the laws of the
State of Minnesota;
(2) Under the provisions of an Act of Congress approved November
7, 1918, as amended, First Minneapolis Trust Company and First National Bank in
Minneapolis, both of Minneapolis, Minnesota, were consolidated on January 31,
1933, under the charter of the latter bank and under the title First National
Bank and Trust Company of Minneapolis;
(3) Under the provisions of an Act of Congress approved May 1,
1886, First National Bank and Trust Company of Minneapolis, Minneapolis,
Minnesota, on January 1, 1943, changed its title to First National Bank of
Minneapolis; and
(4) By virtue of the foregoing, First National Bank of
Minneapolis, Minneapolis, Minnesota, has authority to act, when not in
contravention of State or local law, as trustee, executor, administrator,
registrar of stocks and bonds, guardian of estates, assignee, receiver,
committee of estates of lunatics, or in any other fiduciary capacity in which
State banks, trust companies or other corporations which come into competition
with national banks are permitted to act under the laws of the State of
Minnesota, subject to regulations prescribed by the Board of Governors of the
Federal Reserve System.
IN WITNESS WHEREOF, I have hereunto subscribed my name and caused the
seal of the Board of Governors of the Federal Reserve System to be affixed at
the City of Washington, in the District of Columbia.
/s/ S. R. CARPENTER
----------------------------------------
Assistant Secretary.
Dated January 8, 1943
<PAGE> 14
(LOGO)
Comptroller of the Currency
Administrator of National Banks
Midwestern District
2345 Grand Avenue, Suite 700
Kansas City, Missouri 64108
January 11, 1988
Mr. Timothy D. Marrinan
General Counsel
Consumer and Small Business Banking
First Bank System, Inc.
First Bank Place
Minneapolis, Minnesota 55480
Dear Mr. Marrinan:
This is the official certification of the approval of the Comptroller of the
Currency for The First National Bank of St. Paul, St. Paul, Minnesota; The
First National Bank of Burnsville, Burnsville, Minnesota; First Edina National
Bank, Edina, Minnesota; First National Bank of Hopkins, Hopkins, Minnesota;
First Bank (National Association)-Lake Minneapolis, Minnesota; First Northtown
National Bank, Blaine, Minnesota; First Plymouth National Bank, Plymouth,
Minnesota; First Bank Robbinsdale, National Association, Robbinsdale,
Minnesota; First Southdale National Bank of Edina, Edina, Minnesota; First Bank
East, National Association, St. Paul, Minnesota; First Bank Grand, National
Association, St. Paul, Minnesota; First Bank Security, National Association,
St. Paul, Minnesota; First Bank White Bear Lake, National Association, White
Bear Lake, Minnesota to merge into First National Bank of Minneapolis, (Charter
No. 710), Minneapolis, Minnesota effective as of December 31, 1987, under the
charter of First National Bank of Minneapolis and under the title of "First
Bank National Association".
<PAGE> 15
Mr. Timothy D. Marrinan
General Counsel
Consumer and Small Business Banking
First Bank System, Inc.
First Bank Place
Minneapolis, Minnesota 55480
January 11, 1988
Page 2
This is also the official certification of the approval of the Comptroller of
the Currency for the receiving association to operate the presently existing
branches of First National Bank of Minneapolis, Minneapolis, Minnesota; The
First National Bank of St. Paul, St. Paul, Minnesota; The First National Bank
of Burnsville, Burnsville, Minnesota; First Edina National Bank, Edina,
Minnesota; First National Bank of Hopkins, Hopkins, Minnesota; First Bank
(National Association)-Lake, Minneapolis, Minnesota; First Northtown National
Bank, Blaine, Minnesota; First Plymouth National Bank, Plymouth, Minnesota;
First Bank Robbinsdale, National Association, Robbinsdale, Minnesota; First
Southdale National Bank of Edina, Edina, Minnesota; First Bank East, National
Association, St. Paul, Minnesota; First Bank Grand, National Association, St.
Paul, Minnesota; First Bank Security, National Association, St. Paul,
Minnesota; First Bank White Bear Lake, National Association, White Bear Lake,
Minnesota and to establish the following branches:
"First Bank Burnsville" 900 West County Road 42
Burnsville, Minnesota 55337
Certificate No. 77004A
"First Bank Saint Paul" 332 Minnesota Street
St. Paul, Minnesota 55101
Certificate No. 77005A
"First Bank Edina" 4100 West 50th Street
Edina, Minnesota 55424
Certificate No. 77006A
"First Bank Hopkins" 16 Ninth Avenue North
Hopkins, Minnesota 55343
Certificate No. 77007A
"First Bank Lake" 2800 East Lake Street
Minneapolis, Minnesota 55406
Certificate No. 77008A
<PAGE> 16
Mr. Timothy D. Marrinan
General Counsel
Consumer and Small Business Banking
First Bank System, Inc.
First Bank Place
Minneapolis, Minnesota 55480
January 11, 1988
Page 3
"First Bank Northtown" 231 Highway 10 Northeast
Blaine, Minnesota 55434
Certificate No. 77009A
"First Bank Plymouth" 3305 Plymouth Blvd.
Plymouth, Minnesota 55447
Certificate No. 77010A
"First Bank Robbinsdale" 4000 West Broadway
Robbinsdale, Minnesota 55422
Certificate No. 77011A
"First Bank Southdale" 7001 France Avenue South
Edina, Minnesota 55435
Certificate No. 77012A
"First Bank East" 1000 Payne Avenue
St. Paul, Minnesota 55101
Certificate No. 77013A
"First Bank Grand" 1071 Grand Avenue
St. Paul, Minnesota 55105
Certificate No. 77014A
"First Bank Security" 2383 University Avenue
St. Paul, Minnesota 55114
Certificate No. 77015A
"First Bank White Bear Lake" 4700 Clark Avenue
White Bear Lake, Minnesota 55110
Certificate No. 77016A
The shareholders' meetings of the respective banks may be finally adjourned.
Sincerely,
/s/ THOMAS C. MCALLISTER
Thomas C. McAllister
Director for Analysis
Midwestern District
Bank Charter No. 710
<PAGE> 17
BYLAWS
OF
FIRST BANK NATIONAL ASSOCIATION
ARTICLE I.
MEETINGS OF SHAREHOLDERS
The regular annual meeting of the shareholders for the election of
directors and for the transaction of such other business as properly may come
before the meeting shall be held at the main banking house of the Association
in the City of Minneapolis, Minnesota, or other convenient place duly
authorized by the Board of Directors (hereinafter referred to as the "Board"),
on the last Thursday in February of each year at 9:30 o'clock A.M. of said day,
or such other date or time which the Board may designate at any Board meeting
held prior to the required date for sending notice of the annual meeting to the
shareholders. The holders of a majority of the outstanding shares entitled to
vote, and represented at any annual or special meeting of the shareholders, may
choose persons to act as Chairman and as Secretary of the meeting.
ARTICLE II.
BOARD OF DIRECTORS
Section 1. Number. As provided in the Articles of Association, the
Board of this Association shall consist of not less than five nor more than
twenty-five members. At any meeting of the shareholders held for the purpose of
electing directors, or changing the number thereof, the number of directors may
be determined by a majority of the votes cast by the shareholders in person or
by proxy. Any vacancy occurring in the Board shall be filled by the remaining
directors. Between meetings of the shareholders held for the purpose of
electing directors, the Board by a majority vote of the full Board may increase
the size of the Board by not more than four directors in any one year, but not
to more than a total of twenty-five directors, and fill any vacancy so created
in the Board. All directors shall hold office until their successors are
elected and qualified.
Section 2. Powers. The Board shall have and may exercise all of the
powers granted to or conferred upon it by the Articles of Association and
Bylaws of the Association and by law. The Board may appoint from time to time
one or more committees for any purposes and with such powers as the Board may
determine.
Section 3. Organization. The President or the Chairman of the Board
shall notify the directors-elect of their election and of the time at which
they are required to meet for the purpose of organizing the new Board. If, at
the time fixed for such meeting, there is not a quorum in attendance, the
members present may adjourn from time to time until a quorum is secured, and no
business shall be transacted until a majority of the directors-elect shall have
taken the oath of office prescribed by law and shall otherwise duly qualified.
<PAGE> 18
The Board shall appoint one of its members President of this
Association, who shall be Chairman of the Board, but the Board may appoint a
Director in lieu of the President, to be Chairman of the Board, in which case
the latter shall preside at all meetings and shall perform such other duties as
may be designated by the Board. If a Chairman of the Board is so appointed in
lieu of the President, in his absence the President shall preside at meetings
of the Board. In the absence of a presiding officer, the Board shall appoint a
Chairman pro tem. The Board shall appoint a recording officer who shall keep a
record of the meetings and proceedings of the Board. The recording officer need
not be a member of the Board.
Section 4. Meetings. The regular meetings of the Board shall consist
of the annual meeting following the annual election of directors by the
shareholders, and quarterly meetings which shall be held at such place and at
such time as the Chairman or President from time to time may designate. When
the date of any regular meeting of the Board falls on a holiday, the meeting
shall be held on the next ensuing business day other than a Saturday, or on
such day and at such time as may have been ordered.
Special meetings of the Board shall be held at any time upon the call
of the Chairman of the Board, a Vice Chairman, the President, or the acting
Chief Executive Officer, or upon written request of any three (3) directors.
Notice of all meetings of the Board, whether regular or special, shall
be given to each director either orally in person or by mail, telegraph or
telephone, on or before the day of the meeting. Meetings of the Board or
shareholders may be held by conference telephone or similar communication
device by means of which all persons participating in the meeting can
simultaneously hear each other. Participating in such a meeting shall
constitute presence in person at such meeting.
Section 5. Quorum. A majority of all the qualified directors shall
constitute a quorum and shall be necessary for the transaction of business,
but, if at any meeting there shall be less than a quorum present, a majority of
those present may adjourn the meeting from time to time until a quorum is in
attendance.
Section 6. Advisory Board of Directors. The Board may appoint
persons, who need not be shareholders or directors, to serve as advisory
directors on an Advisory Board of Directors established to serve this bank or a
group of affiliated banks of which this bank is one. An advisory director shall
have such power and duties as may be determined by the Board, provided that
advisory directors shall have no power to vote on matters presented to the
Board for final decision and, provided further, that the Board's responsibility
for the affairs of the Association shall in no respect be delegated or
diminished.
Section 7. Directors' Fees, etc. The Board shall have the power to
fix and vote fees and compensation to directors and advisory directors of the
Association for their services as directors and advisory directors, and also
for their services as member of any committee or committees of the Association
contemplated by these Bylaws or otherwise created or appointed by the Board,
the Executive Committee, or the President of the Association.
2
<PAGE> 19
Nothing herein contained shall be construed to preclude any director or
advisory director from serving the Association in any other capacity and being
paid compensation therefor by the Association.
ARTICLE III.
OFFICERS
Section 1. Officers. The Board may elect a Chairman of the Board of
Directors and one (1) or more Vice Chairmen. The Board shall also elect a
President. The Board shall elect, as appropriate, such additional officers as
it may determine, including Executive Vice Presidents or Senior Vice
Presidents. The Chief Executive Officer or in the absence of the Chief
Executive Officer, the President, may appoint such other officers necessary to
conduct the affairs of the Association.
Section 2. Chief Executive Officer. The Board of Directors may
designate a Chief Executive Officer of the Association, who shall be either the
President or Chairman of the Board. The Board may also designate an officer or
director to serve as acting Chief Executive Officer in the absence or
incapacity of the Chief Executive Officer. Subject to the law and the control
of the Board and the Executive Committee, the Chief Executive Officer, or, in
the absence of the Chief Executive Officer, the President shall have authority
to manage the affairs and business of the Association and prescribe and define
the duties of its officers, agents and employees.
Section 3. Term of Office. Any officer elected by the Board shall
hold his office for the current year for which the Board by which he is elected
was elected, unless he shall resign, become disqualified or be removed. The
Chairman, Vice Chairman, and President can be removed by action of a majority
of the Board. All other elected officers can be removed by order of the Chief
Executive Officer, or in his absence, the President. Any other officer shall
hold his office at the pleasure of the Chief Executive Officer, or, in his
absence, the President.
Section 4. Bonds. All officers, agents or employees as the business
of the Association may require, shall give bond with surety to be approved and
in a sum to be fixed by the Board or the Chairman or the President, conditioned
upon the faithful and honest discharge of their respective duties.
ARTICLE IV.
STOCK CERTIFICATES
Section 1. Forms. Certificates of stock, signed by any elected
officer and any other officer, shall be issued to the shareholders, and each
certificate shall state upon its face that such stock is transferable only upon
the books of the Association.
3
<PAGE> 20
Section 2. Transfers. Certificates of stock of this Association
shall be assignable and transferable only on the books of this Association
subject to the restrictions and provisions of the national banking laws, and a
transfer book shall be provided in which all assignments and transfers of stock
shall be made. When stock is transferred, the certificates representing the
same shall be returned to the bank, canceled and preserved, and new
certificates issued.
Section 3. Dividends. Transfers of stock shall not be suspended
preparatory to the declaration of dividends; and, unless an agreement to the
contrary shall be expressed in the assignment or assignments, dividends shall
be paid to the shareholders in whose name the stock shall stand at the date of
declaration of dividends.
ARTICLE V.
MINUTE BOOK
The organization papers of this Association, the Bylaws as revised or
amended from time to time and the proceedings of all regular and special
meetings of the shareholders and the directors shall be recorded in a minute
book or books. All reports of committees required to be made to the Board shall
be recorded in a minute book or shall be filed by the recording officer. The
minutes of each meeting of the shareholders and the Board shall be signed by
the recording officer and approved by the Chairman of the meeting.
ARTICLE VI.
CONVEYANCES, CONTRACTS, ETC.
All transfers and conveyances of real estate, mortgages, and
transfers, endorsements or assignments of stock, bonds, notes, debentures or
other negotiable instruments, securities or personal property shall be signed
by any elected or appointed officer.
All checks, drafts, certificates of deposit, mortgage satisfactions,
releases, all types of loans, all obligations of the Association, and all funds
of the Association held in its own or in a fiduciary capacity may be paid out
by an order, draft or check bearing the manual or facsimile signature of any
elected or appointed officer of the Association or of such other employees or
agents as may be designated by the Chief Executive Officer or the President.
All other instruments not hereinabove specifically provided for,
whether to be executed in a fiduciary capacity or otherwise, may be signed on
behalf of the Association by any officer thereof.
The Secretary of the Association or other proper officer may execute
and certify that required action or authority has been given or has taken place
by resolution of the Board under this Bylaw without the necessity of further
action by the Board.
4
<PAGE> 21
ARTICLE VII.
SEAL
The following is an impression of the seal if this Association.
ARTICLE VIII.
INDEMNIFICATION OF DIRECTORS,
OFFICERS, AND EMPLOYEES
Section 1. The Association shall indemnify any person who was or is a
party or is threatened to be made a party to any threatened, pending, or
completed action, or proceeding, whether civil, criminal, administrative, or
investigative (other than an action by or in the right of the pertinent
corporation) by reason of the fact that he is or was a director, advisory
director or officer of the Association, or is or was serving at the request of
the Association as a director or officer of another corporation, partnership,
joint venture, trust, or other enterprise, against expenses (including
attorneys' fees), judgments, and amounts paid in settlement actually and
reasonably incurred by him in connection with such action, suit, or proceeding
if he acted in good faith and in a manner he reasonably believed to be in or
not opposed to the best interest of the pertinent corporation. The termination
of any action, suit, or proceeding by judgment, order, settlement, or upon a
plea of nolo contendere or its equivalent, shall not, of itself, create a
presumption that the person did not act in good faith and in a manner which he
reasonably believed to be in or not opposed to the best interests of the
pertinent corporation.
Section 2. The Association shall indemnify any person who was or is a
party or is threatened to be made a party to any threatened, pending, or
completed action or suit by or in the right of the pertinent corporation to
procure a judgment in its favor by reason of the fact that he is or was a
director, advisory director or officer of the Association, or is or was serving
at the request of the Association as a director or officer of another
corporation, partnership, joint venture, trust, or other enterprise, against
expenses, (including attorney's fees) actually and reasonably incurred by him
in connection with the defense or settlement of such action or suit if he acted
in good faith and in a manner he reasonably believed to be in or not opposed to
the best interests of the pertinent corporation and except that no
indemnification shall be made in respect to any claim, issue, or matter as to
which such
5
<PAGE> 22
person shall have been adjudged to be liable for negligence or misconduct in
the performance of his duty to the pertinent corporation unless and only to the
extent that the court in which such action or suit was brought shall determine
upon application that despite the adjudication of liability but in view of all
the circumstances of the case, such person is fairly and reasonably entitled to
indemnify for such expenses which such court shall deem proper.
Section 3. To the extent that a director, advisory director, or
officer has been successful on the merits or otherwise in defense of any
action, suit, or proceeding referred to in Sections 1 or 2 of this Article, or
in defense of any claim, issue, or matter therein, he shall be indemnified
against expenses (including attorneys' fees) actually and reasonably incurred
by him in connection therewith.
Section 4. Any indemnification under Sections 1 and 2 of this Article
(unless ordered by a court) shall be made by the Association only upon a
determination that indemnification of the director, advisory director, or
officer is proper in the circumstances because he has met the applicable
standards of conduct set fourth in said Sections 1 and 2. Such determination
shall be made: (a) by the Board of the Association by a majority vote of a
quorum consisting of directors who were not parties to such action, suit, or
proceeding; or (b) if such a quorum is not obtainable, or, even if obtainable,
a quorum of disinterested directors so directs, by independent legal counsel
(who may be regular counsel for the Association or pertinent corporation) in a
written opinion; or (c) by the stockholders of the Association.
Section 5. Expenses incurred by any person who may have a right of
indemnification under this Article in defending a civil or criminal action,
suit, or proceeding may be paid by the Association in advance of the final
disposition of such action, suit, or proceeding as authorized by its Board upon
receipt of an undertaking by or on behalf of such person, to repay such amount
unless it shall ultimately be determined that he is entitled to be indemnified
by the Association pursuant to this Article.
Section 6. The indemnification provided by this Article is in
addition to and independent of and shall not be deemed exclusive of any other
rights to which any person may be entitled under any certificate of
incorporation, articles of incorporation, articles of association, bylaw,
agreement, vote of stockholders, or disinterested directors, or otherwise, both
as to action in his official capacity and as to action in another while holding
such office, and shall continue as to a person who has ceased to be a director,
advisory director, or officer and shall inure to the benefit of the heirs,
executors, and administrators of such a person; provided, that any
indemnification realized other than under this Article shall apply as a credit
against any indemnification provided by this Article.
Section 7. The Association may purchase and maintain insurance on
behalf of any person who is or was a director, advisory director, officer,
employee, or agent of the Association, or is or was serving at the request of
the Association as a director, officer, employee, or agent of another
corporation, partnership, joint venture, trust, or other
6
<PAGE> 23
enterprise, against any liability asserted against him and incurred by him in
any such capacity, or arising out of his status as such, if the Association
would have the power to indemnify him against such liability under the
provisions of the Article or of applicable law, if and whenever the Board of
the Association deems it to be in the best interest of the Association to do
so.
Section 8. For purposes of this Article and indemnification
hereunder, any person who is or was a director or officer of any other
corporation of which the Association owns or controls or at the time owned or
controlled directly or indirectly a majority of the shares of stock entitled to
vote for election of directors of such other corporation shall be conclusively
presumed to be serving or to have served as such director or officer at the
request of the Association.
Section 9. The Association may provide indemnification under this
Article to any employee or agent of the Association or of any other corporation
of which the Association owns or controls or at the time owned or controlled
directly or indirectly a majority of the shares of stock entitled to vote for
election of directors or to any director, officer, employee, or agent of any
other corporation, partnership, joint venture, trust, or other enterprise in
which the Association)'n has or at the time had an interest as an owner,
creditor, or otherwise, if and whenever the Board of the Association deems it
in the best interest of the Association to do so.
Section 10. The Association may, to the fullest extent permitted by
applicable law from time to time in effect, indemnify any and all persons whom
the Association shall have power to indemnify under said law from and against
any and all of the expenses, liabilities, or other matters referred to in or
covered by said law, if and whenever the Board of the Association deems it to
be in the best interest of the Association to do so.
ARTICLE IX.
AMENDMENTS
These Bylaws, or any of them, may be added to, altered, amended or
repealed by the Board at any regular or special meeting of the Board.
7
<PAGE> 24
(Adopted July 19, 1990)
8
<PAGE> 25
EXHIBIT 6
CONSENT
In accordance with Section 321(b) of the Trust Indenture Act of 1939,
the undersigned, FIRST BANK NATIONAL ASSOCIATION hereby consents that reports
of examination of the undersigned by Federal, State, Territorial or District
authorities may be furnished by such authorities to the Securities and Exchange
Commission upon its request therefor.
Dated: August 27, 1996
FIRST BANK NATIONAL ASSOCIATION
/s/ Lynn M. Steiner
-------------------------------------
Lynn M. Steiner
Assistant Vice President
<PAGE> 26
<TABLE>
<S> <C>
Board of Governors of the Federal Reserve System
OMB Number: 7100-0036
Federal Deposit Insurance Corporation
OMB Number: 3064-0052
Office of the Comptroller of the Currency
OMB Number: 1557-0081
FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL Expires March 31, 1999
- -------------------------------------------------------------------------------------------------------------------------
[1]
[LOGO] Please refer to page i,
Table of Contents, for
the required disclosure
of estimated burden.
- -------------------------------------------------------------------------------------------------------------------------
CONSOLIDATED REPORTS OF CONDITION AND INCOME FOR
A BANK WITH DOMESTIC AND FOREIGN OFFICES - FFIEC 031
(960630)
REPORT AT THE CLOSE OF BUSINESS JUNE 30, 1996 -----------
(RCRI 9999)
This report is required by law: 12 U.S.C. Section 324 (State This report form is to be filed by banks with
member banks); 12 U.S.C. Section 1817 (State nonmember branches and consolidated subsidiaries in U.S.
banks); and 12 U.S.C. Section 161 (National banks). territories and possessions, Edge or Agreement
subsidiaries, foreign branches, consolidated
foreign subsidiaries, or International Banking
Facilities.
- -------------------------------------------------------------------------------------------------------------------------
NOTE: The Reports of Condition and Income must be signed by The Reports of Condition and Income are to be
an authorized officer and the Report of Condition must be prepared in accordance with Federal regulatory
attested to by not less than two directors (trustees) for authority instructions. NOTE: These instructions may
State nonmember banks and three directors for State member in some cases differ from generally accepted
and National banks. accounting principles.
I, Merita D. Schollmeier, Vice President We, the undersigned directors (trustees), attest to
-------------------------------------------------------- the correctness of this Report of Condition
Name and Title of Officer Authorized to Sign Report (including the supporting schedules) and declare that
it has been examined by us and to the best of our
of the named bank do hereby declare that these Reports of knowledge and belief has been prepared in conformance
Condition and Income (including the supporting schedules) with the instructions issued by the appropriate
have been prepared in conformance with the instructions Federal regulatory authority and is true and correct.
issued by the appropriate Federal regulatory authority and
are true to the best of my knowledge and belief. /s/ [ILLEGIBLE]
-----------------------------------------------------
Director (Trustee)
/s/ MERITA D. SCHOLLMEIER
- ------------------------------------------------------------- /s/ [ILLEGIBLE]
Signature of Officer Authorized to Sign Report -----------------------------------------------------
Director (Trustee)
July 27, 1996 /s/ [ILLEGIBLE]
- ------------------------------------------------------------- -----------------------------------------------------
Date of Signature Director (Trustee)
- -------------------------------------------------------------------------------------------------------------------------
FOR BANKS SUBMITTING HARD COPY REPORT FORMS:
STATE MEMBER BANKS: Return the original and one copy to the NATIONAL BANKS: Return the original only in the
appropriate Federal Reserve District Bank. special return address envelope provided. If express
mail is used in lieu of the special return address
STATE NONMEMBER BANKS: Return the original only in the envelope, return the original only to the FDIC, c/o
special return address envelope provided. If express mail is Quality Data Systems, 2127 Espey Court, Suite 204,
used in lieu of the special return address envelope, return Crofton, MD 21114.
the original only to the FDIC, c/o Quality Data Systems,
2127 Espey Court, Suite 204, Crofton, MD 21114.
- -------------------------------------------------------------------------------------------------------------------------
FDIC Certificate Number 05199 CALL NO. 196 31 06-30-96
----------- STBK: 27-4037 00016 STCERT: 27-05199
(RCRI 9050) FIRST BANK NATIONAL ASSOCIATION
601 SECOND AVENUE SOUTH, COMPLIANCE
MINNEAPOLIS, MN 55402-1802
Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency
</TABLE>
<PAGE> 27
<TABLE>
<S> <C> <C>
FFIEC 031
Page i
[2]
Consolidated Reports of Condition and Income for
A Bank With Domestic Offices
- ---------------------------------------------------------------------------------------------------------------------
TABLE OF CONTENTS
SIGNATURE PAGE COVER REPORT OF CONDITION
REPORT OF INCOME
Schedule RI-Income Statement . . . . . . . . . . RI-1, 2, 3 Schedule RC-Balance Sheet . . . . . . . . . . RC-1, 2
Schedule RI-A-Changes in Equity Capital . . . . . . . . RI-4 Schedule RC-A-Cash and Balances Due
Schedule RI-B-Charge-offs and Recoveries and From Depository Institutions . . . . . . . . RC-3
Changes in Allowance for Loan and Lease Schedule RC-B-Securities . . . . . . . . RC-3, 4, 5
Losses . . . . . . . . . . . . . . . . . . . . . RI-4, 5 Schedule RC-C-Loans and Lease Financing
Schedule RI-C--Applicable Income Taxes by Receivables:
Taxing Authority . . . . . . . . . . . . . . . . . . RI-5 Part I. Loans and Leases . . . . . . . . . RC-6, 7
Schedule RI-D--Income from Part II. Loans to Small Businesses and
International Operations . . . . . . . . . . . . . . RI-6 Small Farms (included in the forms for
Schedule RI-E--Explanations . . . . . . . . . . . . RI-7, 8 June 30 only) . . . . . . . . . . . . . RC-7a, 7b
Schedule RC-D-Trading Assets and Liabilities
(to be completed only by selected banks) . . RC-8
Schedule RC-E-Deposit Liabilities . . . RC-9, 10, 11
Schedule RC-F-Other Assets . . . . . . . . . . RC-11
Schedule RC-G-Other Liabilities . . . . . . . . RC-11
Schedule RC-H-Selected Balance Sheet Items
for Domestic Offices . . . . . . . . . . . . RC-12
Schedule RC-I-Selected Assets and Liabilities
Disclosure of Estimated Burden of IBFs . . . . . . . . . . . . . . . . . . . RC-13
Schedule RC-K-Quarterly Averages . . . . . . . RC-13
The estimated average burden associated with this Schedule RC-L-Off-Balance Sheet
information collection is 32.2 hours per respondent and is Items . . . . . . . . . . . . . . . . RC-14, 15, 16
estimated to vary from 15 to 200 hours per response, Schedule RC-M-Memoranda . . . . . . . . . . RC-17, 18
depending on individual circumstances. Burden estimates Schedule RC-N-Past Due and Nonaccrual
include the time for reviewing instructions, gathering and Loans, Leases, and Other Assets . . . . . RC-19, 20
maintaining data in the required form, and completing the Schedule RC-O-Other Data for Deposit
information collection, but exclude the time for compiling Insurance Assessments . . . . . . . . . . RC-21, 22
and maintaining business records in the normal course of a Schedule RC-R-Risk-Based Capital . . . . . RC-23, 24
respondent's activities. Comments concerning the accuracy of Optional narrative Statement Concerning the
this burden estimate and suggestions for reducing this Amounts Reported in the Reports
burden should be directed to the Office of Information and of Condition and Income . . . . . . . . . . . RC-25
Regulatory Affairs, Office of Management and Budget,
Washington, D.C. 20503, and to one of the following: SPECIAL REPORT (TO BE COMPLETED BY ALL BANKS)
Secretary Schedule RC-J-Repricing Opportunities (sent only to
Board of Governors of the Federal Reserve System and to be completed only by savings banks)
Washington, D.C. 20551
Legislative and Regulatory Analysis Division
Office of the Comptroller of the Currency
Washington, D.C. 20219
Assistant Executive Secretary
Federal Deposit Insurance Corporation
Washington, D.C. 20429
For information or assistance, national and state nonmember banks should contact the FDIC's Call Reports Analysis
Unit, 550 17th Street, NW, Washington D.C. 20429, toll free on (800) 688-FDIC (3342), Monday through Friday between
8:00 a.m. and 5:00 p.m., Eastern time. State member banks should contact their Federal Reserve District Bank.
</TABLE>
<PAGE> 28
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RI-1
MINNEAPOLIS, MN 55402-1802 VENDOR ID: D CERT: 05199
3
Transit Number: 09100002
</TABLE>
Consolidated Report of Income
For the period January 1, 1996 -- June 30, 1996
All Report of Income schedules are to be reported on a calendar year-to-date
basis in thousands of dollars.
Schedule RI -- Income Statement
<TABLE>
<CAPTION>
I480 [-
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Interest income:
a. Interest and fee income on loans: RIAD
(1) In domestic offices: ----
(a) Loans secured by real estate............................................... 4011 147,314 1.a.1a
(b) Loans to depository institutions........................................... 4019 6 1.a.1b
(c) Loans to finance agricultural production and other loans to farmers........ 4024 510 1.a.1c
(d) Commercial and industrial loans............................................ 4012 172,572 1.a.1d
(e) Acceptances of other banks................................................. 4026 0 1.a.1e
(f) Loans to individuals for household, family, and other personal expenditures:
(1) Credit cards and related plans......................................... 4054 72,768 1.a.1f1
(2) Other.................................................................. 4055 56,171 1.a.1f2
(g) Loans to foreign governments and official institutions..................... 4056 0 1.a.1g
(h) Obligations (other than securities and leases) of states and political
subdivisions in the U.S.:
(1) Taxable obligations.................................................... 4503 0 1.a.1h1
(2) Tax-exempt obligations................................................. 4504 3,645 1.a.1h2
(i) All other loans in domestic offices........................................ 4058 46,965 1.a.1i
(2) In foreign offices, Edge and Agreement subsidiaries, and IBFs.................. 4059 1,099 1.a.2
b. Income from lease financing receivables:
(1) Taxable leases................................................................. 4505 8,358 1.b.1
(2) Tax-exempt leases.............................................................. 4307 0 1.b.2
c. Interest income on balances due from depository institutions:(1)
(1) In domestic offices............................................................ 4105 0 1.c.1
(2) In foreign offices, Edge and Agreement subsidiaries, and IBFs.................. 4106 0 1.c.2
d. Interest and dividend income on securities:
(1) U.S. Treasury securities and U.S. Government agency and corporation
obligations.................................................................... 4027 39,981 1.d.1
(2) Securities issued by states and political subdivisions in the U.S.:
(a) Taxable securities......................................................... 4506 598 1.d.2a
(b) Tax-exempt securities...................................................... 4507 3,645 1.d.2b
(3) Other domestic debt securities................................................. 3657 4,937 1.d.3
(4) Foreign debt securities........................................................ 3658 780 1.d.4
(5) Equity securities (including investments in mutual funds)...................... 3659 583 1.d.5
e. Interest income from trading assets................................................ 4069 2,519 1.e
</TABLE>
- ---------------
(1) Includes interest income on time certificates of deposit not held for
trading.
<PAGE> 29
<TABLE>
<S> <C> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RI-2
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199
4
Transit Number: 09100002
Schedule RI--Continued
</TABLE>
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Interest income (continued)
f. Interest income on federal funds sold and securities purchased under RIAD Year-to-date
agreements to resell in domestic offices of the bank and of its Edge ---- ------------
and Agreement subsidiaries, and in IBFs.................................. 4020 20,961 . . . . . . 1.f
g. Total interest income (sum of items 1.a through 1.f)..................... 4107 583,412 . . . . . . 1.g
2. Interest expense:
a. Interest on deposits:
(1) Interest on deposits in domestic offices:
(a) Transaction accounts (NOW accounts, ATS accounts, and telephone
and preauthorized transfer accounts)........................... 4508 865 . . . . . . 2.a.1a
(b) Nontransaction accounts:
(1) Money market deposit accounts (MMDAs)...................... 4509 36,130 . . . . . . 2.a.1b1
(2) Other savings deposits..................................... 4511 5,047 . . . . . . 2.a.1b2
(3) Time certificates of deposit of $100,000 or more........... 4174 10,972 . . . . . . 2.a.1b3
(4) All other time deposits.................................... 4512 46,351 . . . . . . 2.a.1b4
(2) Interest on deposits in foreign offices, Edge and Agreement
subsidiaries, and IBFs............................................. 4172 9,318 . . . . . . 2.a.2
b. Expense of federal funds purchased and securities sold under
agreements to repurchase in domestic offices of the bank and of its
Edge and Agreement subsidiaries, and in IBFs........................... 4180 60,223 . . . . . . 2.b
c. Interest on demand notes issued to the U.S. Treasury, trading
liabilities, and other borrowed money.................................. 4185 42,252 . . . . . . 2.c
d. Interest on mortgage indebtedness and obligations under
capitalized leases..................................................... 4072 897 . . . . . . 2.d
e. Interest on subordinated notes and debentures.......................... 4200 572 . . . . . . 2.e
f. Total interest expense (sum of items 2.a through 2.e).................. 4073 215,627 . . . . . . 2.f
3. Net interest income (item 1.g minus 2.f).................................... 4074 . . . . . . 367,656 3.
4. Provisions:
a. Provision for loan and lease losses.................................... 4230 . . . . . . 11,790 4.a
b. Provision for allocated transfer risk.................................. 4243 . . . . . . 0 4.b
5. Noninterest income:
a. Income from fiduciary activities....................................... 4070 30,071 . . . . . . 5.a
b. Service charges on deposit accounts in domestic offices................ 4080 31,712 . . . . . . 5.b
c. Trading revenue (must equal Schedule RI, sum of Memorandum
items 8.a through 8.d) A220 9,702 . . . . . . 5.c
d. Other foreign transaction gains (losses)............................... 4076 359 . . . . . . 5.d
e. Not applicable
f. Other noninterest income:
(1) Other fee income................................................... 5407 128,713 . . . . . . 5.f.1
(2) All other noninterest income*...................................... 5408 102,049 . . . . . . 5.f.2
g. Total noninterest income (sum of items 5.a through 5.f)................ 4079 . . . . . . 302,606 5.g
6. a. Realized gains (losses) on held-to-maturity securities................. 3521 . . . . . . 0 6.a
b. Realized gains (losses) on available-for-sale securities............... 3196 . . . . . . (129) 6.b
7. Noninterest expense:
a. Salaries and employee benefits......................................... 4135 101,841 . . . . . . 7.a
b. Expenses of premises and fixed assets (net of rental income)
(excluding salaries and employee benefits and mortgage interest)....... 4217 30,367 . . . . . . 7.b
c. Other noninterest expense*............................................. 4092 208,488 . . . . . . 7.c
d. Total noninterest expense (sum of items 7.a through 7.c)............... 4093 . . . . . . 340,696 7.d
8. Income (loss) before income taxes and extraordinary items and other
adjustments (item 3 plus or minus items 4.a, 4.b, 5.g, 6.a, 6.b, and 7.d)... 4301 . . . . . . 317,776 8.
9. Applicable income taxes (on item 8)......................................... 4302 . . . . . . 119,324 9.
10. Income (loss) before extraordinary items and other adjustments
(item 8 minus 9)............................................................ 4300 . . . . . . 198,452 10.
</TABLE>
- ---------------
*Describe on Schedule RI-E -- Explanations.
<PAGE> 30
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RI- 3
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199 5
Transit Number: 09100002
</TABLE>
SCHEDULE RI -- CONTINUED
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
11. Extraordinary items and other adjustments: RIAD Year-to-date
a. Extraordinary items and other adjustments, ----
gross of income taxes*................................... 4310 0 . . . . . . 11.a
b. Applicable income taxes (on item 11.a)*.................. 4315 0 . . . . . . 11.b
c. Extraordinary items and other adjustments, net of income
taxes (item 11.a minus 11.b)............................. 4320 . . . . . . 0 11.c
12. Net income (loss) (sum of items 10 and 11.c).................. 4340 . . . . . . 198,452 12.
</TABLE>
<TABLE>
<CAPTION>
MEMORANDA
I481 [-
Dollar Amounts in Thousands
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Interest expense incurred to carry tax-exempt securities, loans, and leases RIAD Year-to-date
acquired after August 7, 1986, that is not deductible for federal income ----
tax purposes.................................................................... 4513 192 M.1
2. Income from the sale and servicing of mutual funds and annuities in domestic
offices (included in Schedule RI, item 8)....................................... 8431 17,444 M.2
3. Not applicable
4. Not applicable
5. Number of full-time equivalent employees on payroll at end of current Number
------
period (round to nearest whole number).......................................... 4150 3,706 M.5
6. Not applicable
7. If the reporting bank has restated its balance sheet as a result of applying
push down accounting this calendar year, report the date of the bank's MM DD YY
acquisition..................................................................... 9106 N/A M.7
8. Trading revenue (from cash instruments and off-balance sheet derivative
instruments) (SUM OF MEMORANDUM ITEMS 8.a THROUGH 8.d MUST EQUAL RIAD Year-to-date
SCHEDULE RI, ITEM 5.c): ----
a. Interest rate exposures...................................................... 8757 6,477 M.8.a
b. Foreign exchange exposures................................................... 8758 3,225 M.8.b
c. Equity security and index exposures.......................................... 8759 0 M.8.c
d. Commodity and other exposures................................................ 8760 0 M.8.d
9. Impact on income of off-balance sheet derivatives held for purposes other than
trading:
a. Net increase (decrease) to interest income................................... 8761 508 M.9.a
b. Net (increase) decrease to interest expense.................................. 8762 4,007 M.9.b
c. Other (noninterest) allocations.............................................. 8763 0 M.9.c
10.Credit losses on off-balance sheet derivatives (see instructions)............... A251 0 M.10
</TABLE>
- ------------
* Describe on Schedule RI-E -- Explanations.
<PAGE> 31
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RI-4
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199 6
Transit Number: 09100002
</TABLE>
SCHEDULE RI-A -- CHANGES IN EQUITY CAPITAL
Indicate decreases and losses in parentheses.
<TABLE>
<CAPTION>
I483 [-
Dollar Amounts in Thousands
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
RIAD
1. Total equity capital originally reported in the December 31, 1994, Reports of ----
Condition and Income.............................................................. 3215 1,279,525 1.
2. Equity capital adjustments from amended Reports of Income, net *.................. 3216 0 2.
3. Amended balance end of previous calendar year (sum of items 1 and 2).............. 3217 1,279,525 3.
4. Net income (loss) (must equal Schedule RI, item 12)............................... 4340 198,452 4.
5. Sale, conversion, acquisition, or retirement of capital stock, net................ 4346 0 5.
6. Changes incident to business combinations, net.................................... 4356 0 6.
7. LESS: Cash dividends declared on preferred stock.................................. 4470 0 7.
8. LESS: Cash dividends declared on common stock..................................... 4460 164,096 8.
9. Cumulative effect of changes in accounting principles from prior years * (see
instructions for this schedule)................................................... 4411 0 9.
10. Corrections of material accounting errors from prior years * (see instructions
for this schedule)................................................................ 4412 0 10.
11. Change in net unrealized holding gains (losses) on available-for-sale
securities........................................................................ 8433 (17,784) 11.
12. Foreign currency translation adjustments.......................................... 4414 0 12.
13. Other transactions with parent holding company * (not included in items 5, 7, or
8 above).......................................................................... 4415 0 13.
14. Total equity capital end of current period (sum of items 3 through 13) (must
equal Schedule RC, item 28)....................................................... 3210 1,296,097 14.
</TABLE>
- ---------------
* Describe on Schedule RI-E -- Explanations.
SCHEDULE RI-B -- CHARGE-OFFS AND RECOVERIES AND CHANGES IN ALLOWANCE FOR LOAN
AND LEASE LOSSES
PART I. CHARGE-OFFS AND RECOVERIES ON LOANS AND LEASES
PART I EXCLUDES CHARGE-OFFS AND RECOVERIES THROUGH
THE ALLOCATED TRANSFER RISK RESERVE.
<TABLE>
<CAPTION>
I486 [-
Dollar Amounts in Thousands
- ---------------------------------------------------------------------------------------------------------------------------
---------Calendar year-to-date--------
(Column A) (Column B)
Charge-offs Recoveries
------------------ ------------------
<S> <C> <C> <C> <C> <C>
RIAD RIAD
1. Loans secured by real estate: ---- ----
a. To U.S. addressees (domicile).................................... 4651 11,391 4661 10,897 1.a
b. To non-U.S. addressees (domicile)................................ 4652 0 4662 0 1.b
2. Loans to depository institutions and acceptances of other banks:
a. To U.S. banks and other U.S. depository institutions............. 4653 0 4663 0 2.a
b. To foreign banks................................................. 4654 0 4664 0 2.b
3. Loans to finance agricultural production and other loans to
farmers............................................................. 4655 85 4665 41 3.
4. Commercial and industrial loans:
a. To U.S. addressees (domicile).................................... 4645 1,667 4617 15,453 4.a
b. To non-U.S. addressees (domicile)................................ 4646 0 4618 196 4.b
5. Loans to individuals for household, family, and other personal
expenditures:
a. Credit cards and related plans................................... 4656 23,413 4666 2,388 5.a
b. Other (includes single payment, installment, and all student
loans)........................................................... 4657 8,028 4667 1,686 5.b
6. Loans to foreign governments and official institutions.............. 4643 0 4627 0 6.
7. All other loans..................................................... 4644 2,071 4628 364 7.
8. Lease financing receivables:
a. Of U.S. addressees (domicile).................................... 4658 109 4668 87 8.a
b. Of non-U.S. addressees (domicile)................................ 4659 0 4669 0 8.b
9. Total (sum of items 1 through 8).................................... 4635 46,764 4605 31,112 9.
</TABLE>
<PAGE> 32
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RI-5
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199 7
Transit Number: 09100002
</TABLE>
SCHEDULE RI-B -- CONTINUED
PART I. CONTINUED
<TABLE>
<CAPTION>
MEMORANDA Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
---------------calendar year-to-date---------------------
(Column A) (Column B)
Charge-offs Recoveries
---------------- ----------------
<S> <C> <C> <C> <C> <C>
1.-3. Not applicable.
4. Loans to finance commercial real estate, construction, and land RIAD RIAD
development activities (NOT SECURED BY REAL ESTATE) included in
Schedule RI-B, part I, items 4 and 7, above......................... 5409 0 5410 0 M.4
5. Loans secured by real estate in domestic offices (included in
Schedule RI-B, part I, item 1, above):
a. Construction and land development................................ 3582 1,001 3583 0 M.5.a
b. Secured by farmland.............................................. 3584 1 3585 0 M.5.b
c. Secured by 1-4 family residential properties:
(1) Revolving, open-end loans secured by 1-4 family residential
properties and extended under lines of credit................ 5411 129 5412 67 M.5.c1
(2) All other loans secured by 1-4 family residential
properties................................................... 5413 1,150 5414 339 M.5.c2
d. Secured by multifamily (5 or more) residential properties........ 3588 954 3589 5,136 M.5.d
e. Secured by nonfarm nonresidential properties..................... 3590 8,156 3591 5,355 M.5.e
</TABLE>
PART II. CHANGES IN ALLOWANCE FOR LOAN AND LEASE LOSSES
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
RIAD
1. Balance originally reported in the December 31, 1995, Reports of Condition and Income........ 3124 231,506 1.
2. Recoveries (must equal part I, item 9, column B above)....................................... 4605 31,112 2.
3. LESS: Charge-offs (must equal part I, item 9, column A above)................................ 4635 46,764 3.
4. Provision for loan and lease losses (must equal Schedule RI, item 4.a)....................... 4230 11,790 4.
5. Adjustments * (see instructions for this schedule)........................................... 4815 0 5.
6. Balance end of current period (sum of items 1 through 5) (must equal Schedule RC,
item 4.b).................................................................................. 3123 227,644 6.
</TABLE>
- --------------
Describe on Schedule RI-E -- Explanations.
SCHEDULE RI-C -- APPLICABLE INCOME TAXES BY TAXING AUTHORITY
<TABLE>
<CAPTION>
I489 (-
Schedule RI-C is to be reported with the December Report of Income. Dollar Amounts in Thousands
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
RIAD
1. Federal...................................................................................... 4780 N/A 1.
2. State and local.............................................................................. 4790 N/A 2.
3. Foreign...................................................................................... 4795 N/A 3.
4. Total (sum of items 1 through 3) (must equal sum of Schedule RI, items 9 and 11.b)........... 4770 N/A 4.
RIAD
5. Deferred portion of item 4................................................. 4772 N/A ..................... 5.
</TABLE>
<PAGE> 33
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RI-6
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199 8
Transit Number: 09100002
</TABLE>
SCHEDULE RI-D -- INCOME FROM INTERNATIONAL OPERATIONS
For all banks with foreign offices, Edge or Agreement subsidiaries, or IBFs
where international operations account for more than 10 percent of total
revenues, total assets, or net income.
PART I. ESTIMATED INCOME FROM INTERANTIONAL OPERATIONS
<TABLE>
<CAPTION>
I492 (-
Dollar Amounts in Thousands
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Interest income and expense booked at foreign offices, Edge and Agreement RIAD Year-to-date
Subsidiaries, and IBFs:
a. Interest income booked .................................................................... 4837 N/A 1.a
b. Interest expense booked ................................................................... 4838 N/A 1.b
c. Net interest income booked at foreign offices, Edge and Agreement subsidiaries,
and IBFs (item 1.a minus 1.b) ............................................................. 4839 N/A 1.c
2. Adjustments for booking location of international operations:
a. Net interest income attributable to interantional operations booked at domestic offices ... 4840 N/A 2.a
b. Net interest income attributable to domestic business booked at foreign offices ........... 4841 N/A 2.b
c. Net booking location adjustment (item 2.a minus 2.b) ...................................... 4842 N/A 2.c
3. Noninterest income and expense attributalbe to international operations:
a. Noninterest income attributable to international operations ............................... 4097 N/A 3.a
b. Provision for loan and lease losses attributable to international operations .............. 4235 N/A 3.b
c. Other noninterest expense attributable to international operations ........................ 4239 N/A 3.c
d. Net noninterest income (expense) attributable to international operations (item 3.a minus
3.b and 3.c)............................................................................... 4843 N/A 3.d
4. Estimated pretax income attributable to international operations before capital allocation
adjustment (sum of items 1.c, 2.c, and 3.d) .................................................. 4844 N/A 4.
5. Adjustment to pretax income for internal allocations to international operations to reflect
the effects of equity capital on overall bank funding costs .................................. 4845 N/A 5.
6. Estimated pretax income attributable to international operations after capital allocation
adjustment (sum of items 4 and 5) ............................................................ 4846 N/A 6.
7. Income taxes attributable to income from international operations as estimated in Item 6 ..... 4797 N/A 7.
8. Estimated net income attributable to international operations (item 6 minus 7) ............... 4341 N/A 8.
</TABLE>
MEMORANDA
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Intracompany interest income included in item 1.a above ...................................... 4847 N/A M.1
2. Intracompany interest expense included in item 1.b above ..................................... 4848 N/A M.2
</TABLE>
PART II. SUPPLEMENTARY DETAILS ON INCOME FROM INTERNATIONAL OPERATIONS REQUIRED
BY THE DEPARTMENTS OF COMMERCE AND TREASURY FOR PURPOSES OF THE U.S.
INTERNATIONAL ACCOUNTS AND THE U.S. NATIONAL INCOME AND PRODUCT ACCOUNTS
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
RIAD Year-to-date
1. Interest income booked at IBFs ............................................................... 4849 N/A 1
2. Interest expense booked at IBFs............................................................... 4850 N/A 2
3. Noninterest income attributable to international operations booked at domestic offices
(excluding IBFs):
a. Gains (losses) and extraordinary items .................................................... 5491 N/A 3.a
b. Fees and other noninterest income ......................................................... 5492 N/A 3.b
4. Provision for loan and lease losses attributable to international operations booked at
domestic offices (excluding IBFs) ............................................................ 4852 N/A 4.
5. Other noninterest expense attribuatble to international operations booked at domestic
offices (excluding IBFs) ..................................................................... 4853 N/A 5.
</TABLE>
<PAGE> 34
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RI-7
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199 9
Transit Number: 09100002
</TABLE>
Schedule RI-E -- Explanations
Schedule RI-E is to be completed each quarter on a calendar year-to-date basis.
Detail all adjustments in Schedules RI-A and RI-B, all extraordinary items and
other adjustments in Schedule RI, and all significant items of other noninterest
income and other noninterest expense in Schedule RI. (See instructions for
details.)
<TABLE>
<CAPTION>
I495 (-
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. All other noninterest income (from Schedule RI, item 5.f.(2))
Report amounts that exceed 10% of Schedule RI, item 5.f.(2):
RIAD Year-to-date
----
a. Net gains on other real estate owned............................................. 5415 0 1.a
b. Net gains on sales of loans...................................................... 5416 832 1.b
c. Net gains on sales of premises and fixed assets.................................. 5417 0 1.c
Itemize and describe the three largest other amounts that exceed 10% of Schedule
RI, item 5.f.(2):
TEXT RIAD
---- ----
d. 4461: STATE TAX REFUND........................................................... 4461 56,152 1.d
e. 4462: GAIN ON SALE OF SERVICING.................................................. 4462 32,338 1.e
f. 4463: ........................................................................... 4463 N/A 1.f
2. Other noninterest expense (from Schedule RI, item 7.c):
a. Amortization expense of intangible assets....................................... 4531 25,530 2.a
Report amounts that exceed 10% of Schedule RI, item 7.c:
b. Net losses on other real estate owned........................................... 5418 338 2.b
c. Net losses on sales of loans.................................................... 5419 0 2.c
d. Net losses on sales of premises and fixed assets................................ 5420 1,034 2.d
Itemize and describe the three largest other amounts that exceed 10% of Schedule
RI, item 7.c:
TEXT RIAD
---- ----
e. 4464: INTERCOCHG-CORP OH-SYSTEM DEVELOPMENT..................................... 4464 20,465 2.e
f. 4467: EXP REIMB TO AFFL-OTHER EXPENSE........................................... 4467 13,602 2.f
g. 4468: .......................................................................... 4468 N/A 2.g
3. Extraordinary items and other adjustments (from Schedule RI, item 11.a) and
applicable income tax effect (from Schedule RI, item 11.b) (itemize and describe
all extraordinary items and other adjustments):
TEXT RIAD
---- ----
a. (1) 4469: ....................................................................... 4469 0 3.a.1
(2) Applicable income tax effect........................ 4486 0 ................. 3.a.2
b. (1) 4487: ....................................................................... 4487 0 3.b.1
(2) Applicable income tax effect........................ 4488 0 ................. 3.b.2
c. (1) 4489: ....................................................................... 4489 0 3.c.1
(2) Applicable income tax effect........................ 4491 0 ................. 3.c.2
4. Equity capital adjustments from amended Reports of Income (from Schedule RI-A,
item 2) (itemize and describe all adjustments):
TEXT RIAD
---- ----
a. 4492: .......................................................................... 4492 N/A 4.a
b. 4493: .......................................................................... 4493 N/A 4.b
5. Cumulative effect of changes in accounting principles from prior years (from
Schedule RI-A, item 9) (itemize and describe all changes in accounting principles):
TEXT RIAD
---- ----
a. 4494: .......................................................................... 4494 N/A 5.a
b. 4495: .......................................................................... 4495 N/A 5.b
6. Corrections of material accounting errors from prior years (from Schedule RI-A,
item 10) (itemize and describe all corrections):
TEXT RIAD
---- ----
a. 4496: .......................................................................... 4496 N/A 6.a
b. 4497: .......................................................................... 4497 N/A 6.b
</TABLE>
<PAGE> 35
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RI-8
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199 10
Transit Number: 09100002
</TABLE>
Schedule RI-E -- Continued
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
7. Other transactions with parent holding company (from Schedule RI-A, item 13)
(itemize and describe all such transactions):
TEXT RIAD Year-to-date
---- ----
a. 4498: ............................................................................ 4498 N/A 7.a
b. 4499: ............................................................................ 4499 N/A 7.b
8. Adjustments to allowance for loan and lease losses (from Schedule RI-B, part II,
item 5) (itemize and describe all adjustments):
TEXT RIAD
---- ----
a. 4521: ............................................................................ 4521 N/A 8.a
b. 4522: ............................................................................ 4522 N/A 8.b
I498 I499 (-
9. Other explanations (the space below is provided for the bank to briefly
describe, at its option, any other significant items affecting the Report of
Income):
No comment: X (RIAD 4769)
Other explanations (please type or print clearly):
(TEXT 4769)
</TABLE>
<PAGE> 36
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RI-1
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199 11
Transit Number: 09100002
</TABLE>
CONSOLIDATED REPORT OF CONDITION FOR INSURED
COMMERCIAL AND STATE-CHARTERED SAVINGS BANKS FOR JUNE 30, 1996
All schedules are to be reported in thousands of dollars. Unless otherwise
indicated, report the amount outstanding as of the last business day of the
quarter.
SCHEDULE RC -- BALANCE SHEET
<TABLE>
<CAPTION>
C400[
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
ASSETS RCFD
1. Cash and balances due from depository institutions (from Schedule RC-A): ----
a. Noninterest-bearing balances and currency and coin(1)................................. 0081 1,769,053 1.a
b. Interest bearing balnaces(2).......................................................... 0071 0 1.b
2. Securities:
a. Held-to-maturity securities (from Schedule RC-B, column A)............................ 1754 0 2.a
b. Available-for-sale securities (from Schedule RC-B, column D).......................... 1773 1,483,009 2.b
3. Federal funds sold and securiites purchased under agreements to resell in domestic offices
of the bank and of its Edge and Agreement subsidiaries, and in IBFs:
a. Federal funds sold.................................................................... 0276 331,167 3.a
b. Securities purchased under agreements to resell....................................... 0277 358,853 3.b
RCFD
4. Loans and lease financing receivables: ----
a. Loans and leases, net of unearned income (from Schedule RC-C)... 2122 12,030,892 ............ 4.a
b. LESS: Allowance for loan and lease losses....................... 3123 227,644 ............ 4.b
c. LESS: Allocated transfer risk reserve........................... 3128 0 ............ 4.c
d. Loans and leases, net of unearned income, allowance, and reserve (item 4.a minus 4.b
and 4.c).............................................................................. 2125 11,803,248 4.d
5. Trading assets (from Schedule RC-D)........................................................ 3545 103,388 5.
6. Premises and fixed assets (including capitalized leases)................................... 2145 84,852 6.
7. Other real estate owned (from Schedule RC-M)............................................... 2150 11,285 7.
8. Investments in unconsolidated subsidiaries and associated companies (from Schedule
RC-M)...................................................................................... 2130 528,472 8.
9. Customers' liability to this bank on acceptances outstanding............................... 2155 174,965 9.
10. Intangible assets (from Schedule RC-M)..................................................... 2143 220,226 10.
11. Other assets (from Schedule RC-F).......................................................... 2160 287,428 11.
12. Total assets (sum of items 1 through 11)................................................... 2170 16,565,946 12.
</TABLE>
- ---------------
(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
<PAGE> 37
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-2
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199 12
Transit Number: 09100002
</TABLE>
SCHEDULE RC -- CONTINUED
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
LIABILITIES
<S> <C> <C> <C>
13. Deposits: RCON
a. In domestic offices (sum of totals of ----
columns A and C from Schedule RC-E, part I)............................... 2200 10,791,308 13.a
RCON
----
(1) Noninterest-bearing (1)........... 6631 5,210,426 . . . . . . 13.a.1
(2) Interest-bearing.................. 6636 5,580,882 . . . . . . 13.a.2
RCFN
b. In foreign offices, Edge and Agreement subsidiaries, and IBFs (from ----
Schedule RC-E, part II)................................................... 2200 414,076 13.b
RCFN
----
(1) Noninterest-bearing............... 6631 0 . . . . . . 13.b.1
(2) Interest-bearing.................. 6636 414,076 . . . . . . 13.b.2
14. Federal funds purchased and securities sold under agreements to repurchase
in domestic offices of the bank and of its Edge and Agreement subsidiaries, RCFD
and IBFs: ----
a. Federal funds purchased................................................... 0278 896,622 14.a
b. Securities sold under agreements to repurchase............................ 0279 813,748 14.b
RCON
----
15. a. Demand notes issued to the U.S. Treasury.................................. 2840 273,878 15.a
RCFD
----
b. Trading liabilities (from Schedule RC-D).................................. 3548 22,267 15.b
16. Other borrowed monty:
a. With a REMAINING maturity of one year or less............................. 2332 497,531 16.a
b. With a REMAINING maturity of more than one year........................... 2333 500,000 16.b
17. Mortgage indebtedness and obligations under capitalized leases............... 2910 17,028 17.
18. Bank's liability on acceptances executed and outstanding..................... 2920 175,820 18.
19. Subordinated notes and debentures............................................ 3200 535,000 19.
20. Other liabilities (from Schedule RC-G)....................................... 2930 332,571 20.
21. Total liabilities (sum of items 13 through 20)............................... 2948 15,269,849 21.
22. Limited-life preferred sotck and related surplus............................. 3282 0 22.
EQUITY CAPITAL RCFD
----
23. Perpetual preferred stock and related surplus................................ 3838 0 23.
24. Common stock................................................................. 3230 124,731 24.
25. Surplus (exclude all surplus related to preferred stock)..................... 3839 501,403 25.
26. a. Undivided profits and capital reserves.................................... 3632 681,560 26.a
b. Net unrealized holding gains (losses) on available-for-sale securities.... 8434 (11,597) 26.b
27. Cumulative foreign currency translation adjustments.......................... 3284 0 27.
28. Total equity capital (sum of items 23 through 27)............................ 3210 1,296,097 28.
29. Total liabilities, limited-life preferred stock, and equity capital (sum of
items 21, 22, and 28)........................................................ 3300 16,565,946 29.
MEMORANDUM
TO BE REPORTED ONLY WITH THE MARCH REPORT OF CONDITION.
1. Indicate in the box at the right the number of the statement below that best RCFD NUMBER
describes the most comprehensive level of auditing work performed for the ---- ------
bank by independent external auditors as of any date during 1995.............. 6724 N/A M.1
1 = Independent audit of the bank conducted in accordance 4 = Directors' examination of the bank performed by other
with generally accepted auditing standards by a certified external auditors (may be required by state chartering
public accounting firm which submits a report on the bank authority)
2 = Independent audit of the bank's parent holding company 5 = Review of the bank's financial statements by external
conducted in accordance with generally accepted auditing auditors
standards by a certified public accounting firm which 6 = Compilation of the bank's financial statements by
submits a report on the consolidated holding company (but external auditors
not on the bank separately) 7 = Other audit procedures (excluding tax preparation work)
3 = Directors' examination of the bank conducted in accordance 8 = No external audit work
with generally accepted auditing standards by a certified
public accounting firm (may be required by state chartering
authority)
</TABLE>
- --------
(1) Includes total demand deposits and noninterest-bearing time and savings
deposits.
<PAGE> 38
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-3
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199 13
Transit Number: 09100002
</TABLE>
SCHEDULE RC-A - CASH AND BALANCES DUE FROM DEPOSITORY INSTITUTIONS
Exclude assets held for trading.
<TABLE>
<CAPTION>
C405[
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
(Column A) (Column B)
Consolidated Bank Domestic Offices
------------------- ------------------
<S> <C> <C> <C> <C> <C>
RCFD RCON
---- ----
1. Cash items in process of collection, unposted debits, and
currency and coin.................................................... 0022 845,312 .......... 1.
a. Cash items in process of collection and unposted debits........... ......... 0020 717,667 1.a
b. Currency and coin................................................. ......... 0080 127,645 1.b
2. Balances due from depository institutions in the U.S................. ......... 0082 133,264 2.
a. U.S. branches and agencies of foreign banks
(including their IBFs)............................................ 0083 0 .......... 2.a
b. Other commercial banks in the U.S. and other depository
institutions in the U.S. (including their IBFs)................... 0085 133,774 .......... 2.b
3. Balances due from banks in foreign countries and foreign central
banks................................................................ ......... 0070 5,486 3.
a. Foreign branches of other U.S. banks.............................. 0073 0 .......... 3.a
b. Other banks in foreign countries and foreign central banks........ 0074 5,486 .......... 3.b
4. Balances due from Federal Reserve Banks.............................. 0090 194,481 0090 194,481 4.
5. Total (sum of items 1 through 4) (total of column A must equal
Schedule RC, sum of items 1.a and 1.b)............................... 0010 1,179,053 0010 1,178,543 5.
</TABLE>
MEMORANDUM
<TABLE>
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
RCON
----
1. Noninterest-bearing balances due from commercial banks in the U.S. (included in item
2, column B above)............................................................................ 0050 133,264 M.1
</TABLE>
SCHEDULE RC-B - SECURITIES
Exclude assets held for trading.
<TABLE>
<CAPTION>
C410[
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
Held-to-maturity Available-for-sale
(Column A) (Column B) (Column C) (Column D)
Amortized Cost Fair Value Amortized Cost Fair Value (1)
--------------- --------------- ------------------- -----------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
RCFD RCFD RCFD RCFD
---- ---- ---- ----
1. U.S. Treasury securities.......... 0211 0 0213 0 1286 472,886 1287 461,448 1.
2. U.S. Government agency and
corporation obligations (exclude
mortgage-backed securities):
RCFD RCFD RCFD RCFD
---- ---- ---- ----
a. Issued by U.S. Government
agencies(2).................... 1289 0 1290 0 1291 0 1293 0 2.a
b. Issued by U.S. Government-
sponsored agencies(3).......... 1294 0 1295 0 1297 3,652 1298 3,592 2.b
</TABLE>
- ---------------
(1) Includes equity securities without readily determinable fair values at
historical cost in item 6.c, column D.
(2) Includes Small Business Administration "Guaranteed Loan Pool Certificates,"
U.S. Maritime Administration obligations, and Export-Import Bank
participation certificates.
(3) Includes obligations (other than mortgage-backed securities) issued by the
Farm Credit System, the Federal Home Loan Bank System, the Federal Home Loan
Mortgage Corporation, the Federal National Mortgage Association, the
Financing Corporation, Resolution Funding Corporation, the Student Loan
Marketing Association, and the Tennessee Valley Authority.
<PAGE> 39
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-4
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199 14
Transit Number: 09100002
</TABLE>
SCHEDULE RC-B - CONTINUED
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
Held-to-maturity Available-for-sale
(Column A) (Column B) (Column C) (Column D)
Amortized Cost Fair Value Amortized Cost Fair Value (1)
---------------- ---------------- -------------- --------------------
<S> <C> <C><C> <C><C> <C> <C> <C> <C>
RCFD RCFD RCFD RCFD
---- ---- ---- ----
subdivisions in the U.S.:
a. General obligations.............................. 1676 0 1677 0 1678 23,341 1679 23,860 3.a
b. Revenue obligations.............................. 1681 0 1686 0 1690 78,944 1691 80,374 3.b
c. Industrial development and similar obligations... 1694 0 1695 0 1696 0 1697 0 3.c
4. Mortgage-backed securities (MBS):
a. Pass-through securities:
(1) Guaranteed by GNMA........................... 1698 0 1699 0 1701 14,357 1702 14,213 4.a.1
(2) Issued by FNMA and FHLMC..................... 1703 0 1705 0 1706 631,346 1707 624,311 4.a.2
(3) Other pass-through securities................ 1709 0 1710 0 1711 97,396 1713 96,982 4.a.3
b. Other mortgage-backed securities (include CMOs,
REMICs, and stripped MBS):
RCFD RCFD RCFD RCFD
---- ---- ---- ----
(1) Issued or guaranteed by FNMA,
FHLMC, or GNMA............................... 1714 0 1715 0 1716 104,510 1717 102,763 4.b.1
RCFD RCFD RCFD RCFD
---- ---- ---- ----
RCFD RCFD RCFD RCFD
(2) Collateralized by MBS issued or guaranteed by ---- ---- ---- ----
FNMA, FHLMC, or GNMA......................... 1718 0 1719 0 1731 0 1732 0 4.b.2
(3) All other mortgage-backed securities......... 1733 0 1734 0 1735 0 1736 0 4.b.3
RCFD RCFD RCFD RCFD
5. Other debt securities: ---- ---- ----
a. Other domestic debt securities................... 1737 0 1738 0 1739 52,283 1741 52,469 5.a
b. Foreign debt securities.......................... 1742 0 1743 0 1744 4,035 1746 4,035 5.b
RCFD RCFD RCFD RCFD
---- ---- ---- ----
6. Equity securities:
a. Investments in mutual funds...................... ........... ......... 1747 0 1748 0 6.a
b. Other equity securities with readily determinable
fair values...................................... ........... ......... 1749 0 1751 0 6.b
c. All other equity securities(1)................... ........... ......... 1752 18,962 1753 18,962 6.c
7. Total (sum of items 1 through 6) (total of column A
must equal Schedule RC, item 2.a) (total of column D
must equal Schedule RC, item 2.b)................... 1754 0 1771 0 1772 1,501,712 1773 1,483,009 7.
</TABLE>
- -----------------
(1)
<PAGE> 40
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-5
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199
15
Transit Number: 09100002
</TABLE>
SCHEDULE RC-B - CONTINUED
<TABLE>
<CAPTION>
MEMORANDA
C412 [
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
RCFD
----
1. Pledged securities(2)........................................................... 0416 1,133,276 M.1
2. Maturity and repricing data for debt securities (2,3,4) (excluding those in
nonaccrual status):
a. Fixed rate debt securities with a remaining maturity of:
(1) Three months or less................................................... 0343 15,779 M.2.a1
(2) Over three months through 12 months.................................... 0344 123,323 M.2.a2
(3) Over one year through five years....................................... 0345 218,564 M.2.a3
(4) Over five years........................................................ 0346 884,325 M.2.a4
(5) Total fixed rate debt securities (sum of Memorandum items 2.a.(1)
through 2.a.(4))....................................................... 0347 1,241,991 M.2.a5
b. Floating rate debt securities with a repricing frequency of:
(1) Quarterly or more frequently........................................... 4544 93,725 M.2.b1
(2) Annually or more frequently, but less frequently than quarterly........ 4545 127,345 M.2.b2
(3) Every five years or more frequently, but less frequently than
annually............................................................... 4551 986 M.2.b3
(4) Less frequently than every five years.................................. 4552 0 M.2.b4
(5) Total floating rate debt securities (sum of Memorandum items 2.b.(1)
through 2.b.(4))....................................................... 4553 222,056 M.2.b5
c. Total debt securities (sum of Memorandum items 2.a.(5) and 2.b.(5)) (must
equal total debt securities from Schedule RC-B, sum of items 1 through 5,
columns A and D, minus nonaccrual debt securities included in
Schedule RC-N, item 9, column C)........................................... 0393 1,464,047 M.2.c
3. Not applicable ................................................................. . . . . . . . .
4. Held-to-maturity debt securities restructured and in compliance with modified
terms (included in Schedule RC-B, items 3 through 5, column A, above)........... 5365 0 M.4
5. Not applicable ................................................................. . . . . . . . .
6. Floating rate debt securities with a remaining maturity of one year or less(2,4)
(included in Memorandum items 2.b.(1) through 2.b.(4) above).................... 5519 2,499 M.6
7. Amortized cost of held-to-maturity securities sold or transferred to
available-for-sale or trading securities during the calendar year-to-date
(report the amortized cost at date of sale or transfer)......................... 1778 0 M.7
8. High-risk mortgage securities (included in the held-to-maturity and
available-for-sale accounts in Schedule RC-B, item 4.b):
a. Amortized cost............................................................. 8780 0 M.8.a
b. Fair value................................................................. 8781 0 M.8.b
9. Structured notes (included in the held-to-maturity and available-for-sale
accounts in Schedule RC-B, items 2, 3, and 5):
a. Amortized cost............................................................. 8782 1,506 M.9.a
b. Fair value................................................................. 8783 1,466 M.9.b
</TABLE>
- ---------------
(2) Includes held-to-maturity securities at amortized cost and
available-for-sale securities at fair value.
(3) Exclude equity securities, e.g., investments in mutual funds, Federal
Reserve stock, common stock, and preferred stock.
(4) Memorandum items 2 and 6 are not applicable to savings banks that must
complete supplemental Schedule RC-J.
<PAGE> 41
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-6
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199
16
Transit Number: 09100002
</TABLE>
SCHEDULE RC-C - LOANS AND LEASE FINANCING RECEIVABLES
PART I. LOANS AND LEASES
Do not deduct the allowance for loan and lease losses from amounts reported in
this schedule. Report total loans and leases, net of unearned income. Exclude
assets held for trading.
<TABLE>
<CAPTION>
C415 [-
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
(Column A) (Column B)
Consolidated Domestic
RCFD Bank RCON Offices
---- ------------ ---- ----------
<S> <C> <C> <C> <C> <C>
1. Loans secured by real estate................................................... 1410 3,250,055 . . . . . 1.
a. Construction and land development........................................... . . . . . 1415 300,415 1.a
b. Secured by farmland (including farm residential and other improvements)..... . . . . . 1420 9,252 1.b
c. Secured by 1-4 family residential properties:
(1) Revolving, open-end loans secured by 1-4 family residential properties
and extended under lines of credit...................................... . . . . . 1797 295,851 1.c1
(2) All other loans secured by 1-4 family residential properties:
(a) Secured by first liens.............................................. . . . . . 5367 828,912 1.c2a
(b) Secured by junior liens............................................. . . . . . 5368 809,344 1.c2b
d. Secured by multifamily (5 or more) residential properties................... . . . . . 1460 87,379 1.d
e. Secured by nonfarm nonresidential properties................................ . . . . . 1480 918,902 1.e
2. Loans to depository institutions:
a. To commercial banks in the U.S.............................................. . . . . . 1505 2,242 2.a
(1) To U.S. branches and agencies of foreign banks.......................... 1506 0 . . . . . 2.a1
(2) To other commercial banks in the U.S.................................... 1507 2,242 . . . . . 2.a2
b. To other depository institutions in the U.S................................. 1517 1 1517 0 2.b
c. To banks in foreign countries............................................... . . . . . 1510 5,403 2.c
(1) To foreign branches of other U.S. banks................................. 1513 3 . . . . . 2.c1
(2) To other banks in foreign countries..................................... 1516 23,292 . . . . . 2.c2
3. Loans to finance agricultural production and other loans to farmers............ 1590 12,149 1590 12,149 3.
4. Commercial and industrial loans:
a. To U.S. addressees (domicile)............................................... 1763 4,103,192 1763 4,102,097 4.a
b. To non-U.S. addressees (domicile)........................................... 1764 11,822 1764 0 4.b
5. Acceptances of other banks:
a. Of U.S. banks............................................................... 1756 0 1756 0 5.a
b. Of foreign banks............................................................ 1757 0 1757 0 5.b
6. Loans to individuals for household, family, and other personal expenditures
(i.e., consumer loans) (includes purchased paper).............................. . . . . . 1975 2,321,744 6.
a. Credit cards and related plans (includes check credit and other revolving
credit plans)............................................................... 2008 1,049,872 . . . . . 6.a
b. Other (includes single payment, installment, and all student loans)......... 2011 1,271,872 . . . . . 6.b
7. Loans to foreign governments and official institutions (including foreign
central banks)................................................................. 2081 1,003 2081 0 7.
8. Obligations (other than securities and leases) of states and political
subdivisions in the U.S. (includes nonrated industrial development
obligations)................................................................... 2107 114,143 2107 114,143 8.
9. Other loans.................................................................... 1563 1,952,963 . . . . . 9.
a. Loans for purchasing or carrying securities (secured and unsecured)......... . . . . . 1545 341,815 9.a
b. All other loans (exclude consumer loans).................................... . . . . . 1564 1,611,148 9.b
10. Lease financing receivables (net of unearned income)........................... . . . . . 2165 238,283 10.
a. Of U.S. addressees (domicile)............................................... 2182 238,283 . . . . . 10.a
b. Of non-U.S. addressees (domicile)........................................... 2183 0 . . . . . 10.b
11. LESS: Any unearned income on loans reflected in items 1-9 above................ 2123 0 2123 0 11.
12. Total loans and leases, net of unearned income (sum of items 1 through 10
minus item 11) (total of column A must equal Schedule RC, item 4.a)............ 2122 12,030,892 2122 11,999,079 12.
</TABLE>
<PAGE> 42
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-7
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199
Transit Number: 09100002 17
</TABLE>
SCHEDULE RC-C - CONTINUED
PART I. CONTINUED
MEMORANDA
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- -----------------------------------------------------------------------------------------------------------------------
(Column A) (Column B)
Consolidated Bank Domestic Offices
----------------- ----------------
RCFD RCON
---- ----
<S> <C> <C> <C> <C> <C>
1. Commercial paper included in Schedule RC-C, part I, above....................... 1496 O 1496 0 M.1
2. Loans and leases restructured and in compliance with modified terms (included in
Schedule RC-C, part I, above, and not reported as past due or nonaccrual in
Schedule RC-N, Memorandum item 1):
a. Loans secured by real estate:
(1) To U.S. addressees (domicile)........................................... 1687 0 M.2.a1
(2) To non-U.S. addressees (domicile)....................................... 1689 0 M.2.a2
b. All other loans and all lease financing receivables (exclude loans to
individuals for household, family, and other personal expenditures).......... 8691 0 M.2.b
c. Commercial and industrial loans to and lease financing receivables of
non-U.S. addressees (domicile) included in Memorandum item 2.b above......... 8692 0 M.2.c
3. Maturity and repricing data for loans and leases (1) (excluding those in
nonaccrual status):
a. Fixed rate loans and leases with a remaining maturity of:
(1) Three months or less.................................................... 0348 1,149,154 M.3.a1
(2) Over three months through 12 months..................................... 0349 424,735 M.3.a2
(3) Over one year through five years........................................ 0356 2,057,168 M.3.a3
(4) Over five years......................................................... 0357 1,410,122 M.3.a4
(5) Total fixed rate loans and leases (sum of Memorandum items 3.a.(1)
through 3.a.(4))........................................................ 0358 5,041,179 M.3.a5
b. Floating rate loans with a repricing frequency of:
(1) Quarterly or more frequently............................................ 4554 6,324,361 M.3.b1
(2) Annually or more frequently, but less frequently than quarterly......... 4555 421,961 M.3.b2
(3) Every five years or more frequently, but less frequently than annually.. 4561 196,462 M.3.b3
(4) Less frequently than every five years................................... 4564 0 M.3.b4
(5) Total floating rate loans (sum of Memorandum items 3.b.(1)
through 3.b.(4))........................................................ 4567 6,942,784 M.3.b5
c. Total loans and leases (sum of Memorandum items 3.a.(5) and 3.b.(5)) (must
equal the sum of total loans and leases, net, from Schedule RC-C, part I,
item 12, plus unearned income from Schedule RC-C, part I, item 11, minus
total nonaccrual loans and leases from Schedule RC-N, sum of items 1
through 8, column C)......................................................... 1479 11,983,963 M.3.c
d. Floating rate loans with a remaining maturity of one year or less (included
in Memorandum items 3.b.(1) through 3.b.(4) above)........................... A246 2,522,909 M.3.d
4. Loans to finance commercial real estate, construction, and land development
activities (not secured by real estate) included in Schedule RC-C, part I,
items 4 and 9, column A, page RC-6(2)........................................... 2746 299,655 M.4
5. Loans and leases held for sale (included in Schedule RC-C, part I, above)....... 5369 114,090 M.5
6. Adjustable rate closed-end loans secured by first liens on 1-4 family
residential properties (included in Schedule RC-C, part I, item 1.c.(2)(a),
column B, page RC-6)............................................................ . . . . . . 5370 300,807 M.6
</TABLE>
- ---------------
(1) Memorandum item 3 is not applicable to savings banks that must complete
supplemental Schedule RC-J.
(2) Exclude loans secured by real estate that are included in Schedule RC-C,
part I, item 1, column A.
<PAGE> 43
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-7a
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199
17a
Transit Number: 09100002
</TABLE>
SCHEDULE RC-C - CONTINUED
PART II. LOANS TO SMALL BUSINESSES AND SMALL FARMS
SCHEDULE RC-C, PART II IS TO BE REPORTED ONLY WITH THE JUNE REPORT OF CONDITION.
Report the number and amount currently outstanding as of June 30 of business
loans with "original amounts" of $ 1,000,000 or less and farm loans with
"original amounts" of $ 500,000 or less. The following guidelines should be
used to determine the "original amout" of a loan: (1) For loans drawn down
under lines of credit or loan commitments, the "original amount" of the loan is
the size of the line of credit or loan commitment when the line of credit or
loan commitment was MOST RECENTLY approved, extended, or renewed prior to the
report date. However, if the amount currently outstanding as of the report date
exceeds this size, the "original amount" is the amount currently outstanding on
the report date. (2) For loan participations and syndications, the "original
amount" of the loan participation or syndication is the entire amount of the
credit originated by the lead lender. (3) For all other loans, the "original
amount" is the total amount of the loan at origination or the amount currently
outstanding as of the report date, whichever is larger.
LOANS TO SMALL BUSINESSES C418 [-
<TABLE>
<S> <C> <C> <C> <C>
1. Indicate in the appropriate box a the right whether all or substantially all of the
dollar volume of your bank's "Loans secured by nonfarm nonresidential properties" in
domestic offices reported in Schedule RC-C, part I, item 1.e, column B, and all or
substantially all of the dollar volume of your bank's "Commercial and industrial loans to
U.S. addressees" in domestic offices reported in Schedule RC-C, part I item 4.a, column B,
have ORIGINAL AMOUNTS of $ 100,000 or less (If your bank has no loans outstanding in BOTH RCON YES NO
of these two loan categories, place an "X" in the box marked "NO" and go to item 5; ---- --- --
otherwise, see instructions for further information.)..........................................6999 X 1.
If YES, complete items 2.a and 2.b below, skip items 3 and 4, and go to item 5.
If NO and your bank has loans outstanding in either loan category,
skip items 2.a and 2.b, complete items 3 and 4 below, and go to item 5.
2. Report the total NUMBER of loans CURRENTLY OUTSTANDING Number of Loans
for each of the following Schedule RC-C, part I, loan ----------------------
categories:
a. "Loans secured by nonfarm nonresidential properties" RCON
in domestic offices reported in Schedule RC-C, part I, ----
item 1.e, column B......................................5562 N/A 2.a
b. "Commercial and industrial loans to U.S. addressees"
in domestic offices reported in Schedule RC-C, part
I, item 4.a, column B...................................5563 N/A 2.b
</TABLE>
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ---------------------------------------------------------------------------------------------------------------------------------
(Column A) (Column B)
Number of Loans Amount Currently Outstanding
----------------------- ----------------------------
<S> <C> <C> <C> <C> <C>
3. Number and amount CURRENTLY OUTSTANDING of "Loans secured
by nonfarm nonresidential properties" in domestic offices
reported in Schedule RC-C, part I, item 1.e (sum of items
3.a through 3.c must be less than or equal to Schedule RCON RCON
RC-C, part I, item 1.e, column B): ---- ----
a. With ORIGINAL AMOUNTS of $ 100,000
or less...................................................5564 1,048 5565 36,247 3.a
b. With ORIGINAL AMOUNTS of more than $ 100,000 through
$ 250,000.................................................5566 409 5567 63,064 3.b
c. With ORIGINAL AMOUNTS of more than $ 250,000 through
$ 1,000,000...............................................5568 425 5569 197,643 3.c
4. Number and amount CURRENTLY OUTSTANDING of "Commercial and
industrial loans to U.S. addressees" in domestic offices
reported in Schedule RC-C, Part I, item 4.a, column B (sum
of items 4.a through 4.c must be less than or equal to RCON RCON
Schedule RC-C, part I, item 4.a, column B): ---- ----
a. With ORIGINAL AMOUNTS of $ 100,000
or less...................................................5570 9,485 5571 162,326 4.a
b. With ORIGINAL AMOUNTS of more than $ 100,000 through
$ 250,000.................................................5572 1,520 5573 149,084 4.b
c. With ORIGINAL AMOUNTS of more than $ 250,000 through
$ 1,000,000...............................................5574 1,464 5575 398,700 4.c
</TABLE>
<PAGE> 44
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-7b
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199
Transit Number: 09100002 17b
SCHEDULE RC-C -- CONTINUED
PART II. CONTINUED
AGRICULTURAL LOANS TO SMALL FARMS
5. Indicate in the appropriate box at the right whether all or substantially all of the
dollar volume of your bank's "Loans secured by farmland (including farm residential and
other improvements)" in domestic offices reported in Schedule RC-C, part I, item 1.b,
column B, and all or substantially all of the dollar volume of your bank's "Loans to
finance agricultural production and other loans to farmers" in domestic offices reported in
Schedule RC-C, part I, item 3, column B, have original amounts of $100,000 or less (If
your bank has no Loans outstanding in both of these two loan categories, place an "X" in RCON YES NO
the box marked "NO" and do not complete items 7 and 8; otherwise, see instructions ---- --- --
for further information.)............................................................... 6860 X 5.
If YES, complete items 6.a and 6.b below and do not complete items 7 and 8.
If NO and your bank has loans outstanding in either loan category,
skip items 6.a and 6.b and complete items 7 and 8 below.
6. Report the total number of loans currently outstanding
for each of the following Schedule RC-C, part I, loan Number of Loans
categories: ----------------------------------
a. "Loans secured by farmland (including farm residential RCON
and other improvements)" in domestic offices reported ----
in Schedule RC-C, part I, item 1.b, column B.......... 5576 N/A 6.a
b. "Loans to finance agricultural production and other
Loans to farmers" in domestic offices reported in
Schedule RC-C, part I, item 3, column B............... 5577 N/A 6.b
Dollar Amounts in Thousands
____________________________________________________________________________________________________________________________________
------------------------------------------------------------------
(Column A) (Column B)
Number of Loans Amount Currently Outstanding
---------------------------- ----------------------------------
7. Number and amount currently outstanding of "Loans secured
by farmland (including farm residential and other
improvements)" in domestic offices reported in Schedule
RC-C, part I, item 1.b (sum of items 7.a through 7.c must
be less than or equal to Schedule RC-C, part I, item 1.b,
column B): RCON RCON
a. With original amounts of $100,000 ---- ----
or less ............................................ 5578 104 5579 3,318 7.a
b. With original amounts of more than $ 100,000 through
$250,000 ........................................... 5580 18 5581 2,992 7.b
c. With original amounts of more than $250,000 through
$500,000 ........................................... 5582 2 5583 605 7.c
8. Number and amount currently outstanding of "Loans to
finance agricultural production and other loans to
farmers" in domestic offices reported in Schedule RC-C,
part I, item 3 (sum of items 8.a through 8.c must be
less than or equal to Schedule RC-C, part I, item 3, RCON RCON
column B): ---- ----
a. With original amounts of $100,000
or less .......................................... 5584 200 5585 3,630 8.a
b. With original amounts of more than $100,000 through
$250,000 ......................................... 5586 15 5587 1,539 8.b
c. With original amounts of more than $250,000
through $500,000 ................................. 5588 8 5589 1,525 8.c
</TABLE>
<PAGE> 45
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-8
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199
18
Transit Number: 09100002
</TABLE>
Schedule RC-D -- Trading Assets and Liabilities
Schedule RC-D is to be completed only by banks with $1 billion or more in total
assets or with $2 billion or more in par/notional amount of off-balance sheet
derivative contracts (as reported in Schedule RC-L, items 14.a through 14.e,
columns A through D).
<TABLE>
<CAPTION>
C420 (-
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
ASSETS RCON
----
1. U.S. Treasury securities in domestic offices......................................... 3531 26,420 1.
2. U.S. Government agency and corporation obligations in domestic offices (exclude
mortgage-backed securities).......................................................... 3532 2,980 2.
3. Securities issued by states and political subdivisions in the U.S. in domestic
offices.............................................................................. 3533 6,486 3.
4. Mortgage-backed securities (MBS) in domestic offices:
a. Pass-through securities issued or guaranteed by FNMA, FHLMC, or GNMA.............. 3534 28 4.a
b. Other mortgage-backed securities issued or guaranteed by FNMA, FHLMC, or GNMA
(include CMOs, REMICs, and stripped MBS).......................................... 3535 153 4.b
c. All other mortgage-backed securities.............................................. 3536 0 4.c
5. Other debt securities in domestic offices............................................ 3537 88 5.
6. Certificates of deposit in domestic offices.......................................... 3538 184 6.
7. Commercial paper in domestic offices................................................. 3539 44,727 7.
8. Bankers acceptances in domestic offices.............................................. 3540 406 8.
9. Other trading assets in domestic offices............................................. 3541 4,238 9.
RCFN
10. Trading assets in ----
foreign offices...................................................................... 3542 0 10.
11. Revaluation gains on interest rate, foreign exchange rate, and other commodity and
equity contracts:
RCON
a. In domestic ----
offices........................................................................... 3543 17,678 11.a
RCFN
b. In foreign ----
offices........................................................................... 3544 0 11.b
RCFD
----
12. Total trading assets (sum of items 1 through 11) (must equal Schedule RC, item 5).... 3545 103,388 12.
LIABILITIES
13. Liability for short positions........................................................ 3546 1,523 13.
14. Revaluation losses on interest rate, foreign exchange rate, and other commodity and
equity contracts..................................................................... 3547 20,744 14.
15. Total trading liabilities (sum of items 13 and 14) (must equal Schedule RC, item
15.b)................................................................................ 3548 22,267 15.
</TABLE>
18
<PAGE> 46
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-9
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199 19
Transit Number: 09100002
</TABLE>
SCHEDULE RC-E -- DEPOSIT LIABILITIES
PART I. DEPOSITS IN DOMESTIC OFFICES
<TABLE>
<CAPTION>
C425[-
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
---------------Transaction Accounts-------------- --Nontransaction Accounts--
(Column A) (Column B) (Column C)
Total transaction Memo: Total demand
accounts (including total deposits (included in Total nontransaction
demand deposits) column A) accounts (including MMDAs)
------------------------- --------------------- --------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Deposits of: RCON RCON RCON
---- ---- ----
1. Individuals, partnerships and corporations... 2201 4,679,516 2240 4,487,619 2346 5,635,453 1.
2. U.S. Government.............................. 2202 19,045 2280 19,045 2520 400 2.
3. States and political subdivisions in the
U.S.......................................... 2203 108,557 2290 97,548 2530 53,810 3.
4. Commercial banks in the U.S.................. 2206 252,657 2310 252,657 2550 1,062 4.
5. Other depository institutions in the U.S..... 2207 3,868 2312 3,868 2349 1 5.
6. Banks in foreign countries................... 2213 20,428 2320 20,428 2236 0 6.
7. Foreign governments and official institutions
(including foreign central banks)............ 2216 0 2300 0 2377 0 7.
8. Certified and official checks................ 2330 16,511 2330 16,511 .............. 8.
9. Total (sum of items 1 through 8) (sum of
columns A and C must equal Schedule RC, item
13.a)........................................ 2215 5,100,582 2210 4,897,676 2385 5,690,726 9.
</TABLE>
<TABLE>
<CAPTION>
MEMORANDA
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Selected components of total deposits (i.e., sum of item 9, columns A and C): RCON
----
a. Total Individual Retirement Accounts (IRAs) and Keogh Plan accounts............. 6835 486,122 M.1.a
b. Total brokered deposits......................................................... 2365 170,089 M.1.b
c. Fully insured brokered deposits (included in Memorandum item 1.b above):
(1) Issued in denominations of less than $100,000............................... 2343 0 M.1.c1
(2) Issued EITHER in denominations of $100,000 OR in denominations greater than
$100,000 and participated out by the broker in shares of $100,000 or less... 2344 100,000 M.1.c2
d. MATURITY DATA FOR BROKERED DEPOSITS:
(1) BROKERED DEPOSITS ISSUED IN DENOMINATIONS OF LESS THAN $100,000
WITH A REMAINING MATURITY OF ONE YEAR OR LESS (INCLUDED IN MEMORANDUM ITEM
(1.c.(1) ABOVE)............................................................. A243 0 M.1.d1
(2) BROKERED DEPOSITS ISSUED IN DENOMINATIONS OF $100,000 OR MORE
WITH A REMAINING MATURITY OF ONE YEAR OR LESS (INCLUDED IN MEMORANDUM ITEM
1.b ABOVE).................................................................. A244 42,790 M.1.d2
e. Preferred deposits (uninsured deposits of states and political subdivisions in
the U.S. reported in item 3 above which are secured or collateralized as
required under state law)....................................................... 5590 149,140 M.1.e
2. Components of total nontransaction accounts (sum of Memorandum items 2.a through
2.d must equal item 9, column C, above):
a. Savings deposits:
(1) Money market deposit accounts (MMDAs)....................................... 6810 2,926,133 M.2.a1
(2) Other savings deposits (excludes MMDAs)..................................... 0352 582,014 M.2.a2
b. Total time deposits of less than $100,000....................................... 6648 1,773,744 M.2.b
c. Time certificates of deposit of $100,000 or more................................ 6645 388,085 M.2.c
d. Open-account time deposits of $100,000 or more.................................. 6646 20,750 M.2.d
3. All NOW accounts (included in column A above)...................................... 2398 202,762 M.3
4. Not applicable
</TABLE>
<PAGE> 47
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-10
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199 20
Transit Number: 09100002
</TABLE>
SCHEDULE RC-E -- CONTINUED
Part I. Continued
MEMORANDA (CONTINUED)
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
5. Maturity and repricing data for time deposits of less than $100,000 (sum of Memorandum
items 5.a.(1) through 5.b.(3) must equal Memorandum item 2.b above): (1)
a. Fixed rate time deposits of less than $100,000 with a remaining maturity of: RCON
----
(1) Three months or less........................................................... A225 367,153 M.5.a1
(2) Over three months through 12 months............................................ A226 810,810 M.5.a2
(3) Over one year.................................................................. A227 594,435 M.5.a3
b. Floating rate time deposits of less than $100,000 with a repricing frequency of:
(1) Quarterly or more frequently................................................... A228 1,346 M.5.b1
(2) Annually or more frequently, but less frequently than quarterly................ A229 0 M.5.b2
(3) Less frequently than annually.................................................. A230 0 M.5.b3
c. Floating rate time deposits of less than $100,000 with a remaining maturity of
one year or less (included in Memorandum items 5.b.(1) through 5.b.(3) above....... A231 1,346 M.5.c
6. Maturity and repricing data for time deposits of $100,000 or more (i.e., time
certificates of deposit of $100,000 and open-account time depiosits of
$100,000 or more) (sum of Memorandum items 6.a.(1) through 6.b.(4) must equal
the sum of Memorandum items 2.c and 2.d above): (1)
a. Fixed rate time deposits of $100,000 or more with a remaining maturity of:
(1) Three months or less........................................................... A232 105,966 M.6.a1
(2) Over three months through 12 months............................................ A233 118,222 M.6.a2
(3) Over one year through five years............................................... A234 179,271 M.6.a3
(4) Over five years................................................................ A235 4,848 M.6.a4
b. Floating rate time deposits of $100,000 or more with a repricing frequency of:
(1) Quarterly or more frequently................................................... A236 528 M.6.b1
(2) Annually or more frequently, but less frequently than quarterly................ A237 0 M.6.b2
(3) Every five years or more frequently, but less frequently than annually......... A238 0 M.6.b3
(4) Less frequently than every five years.......................................... A239 0 M.6.b4
c. Floating rate time deposits of $100,000 or more with a remaining maturity of
one year or less (included in Memorandum items 6.b.(1) through 6.b.(4) above....... A240 528 M.6.c
</TABLE>
- ---------------
(1) Memorandum items 5 and 6 are not applicable to savings banks that must
complete supplemental Schedule RC-J.
<PAGE> 48
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-12
MINNEAPOLIS, MN 55402-1802 VENDOR ID: D CERT: 05199
21
Transit Number: 09100002
</TABLE>
SCHEDULE RC-E -- CONTINUED
PART II. DEPOSITS IN FOREIGN OFFICES (INCLUDING EDGE AND
AGREEMENT SUBSIDIARIES AND IBFS)
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
RCFN
Deposits of: ----
1. Individuals, partnerships, and corporations............................................. 2621 4,558 1.
2. U.S. banks (including IBFs and foreign branches of U.S. banks).......................... 2623 391,434 2.
3. Foreign banks (including U.S. branches and
agencies of foreign banks, including their IBFs)........................................ 2625 0 3.
4. Foreign governments and official institutions (including foreign central banks)......... 2650 18,084 4.
5. Certified and official checks........................................................... 2330 0 5.
6. All other deposits...................................................................... 2668 0 6.
7. Total (sum of items 1 through 6) (must equal Schedule RC, item 13.b).................... 2200 414,076 7.
</TABLE>
MEMORANDUM
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
RCFN
----
<S> <C> <C> <C>
1. Time deposits with a remaining maturity of one year or less (included in
Partt II, item 7 above)................................................................. A245 414,076 M.1
</TABLE>
SCHEDULE RC-F -- OTHER ASSETS
<TABLE>
<CAPTION>
C430 [-
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
RCFD
----
<S> <C> <C> <C>
1. Income earned, not collected on loans.................................................... 2164 70,163 1.
2. Net deferred tax assets(1)............................................................... 2148 73,481 2.
3. Excess residential mortgage servicing fees receivable.................................... 5371 0 3.
4. Other (itemize and describe amounts that exceed 25% of this item)........................ 2168 143,784 4.
TEXT RCFD
---- ----
a. 3549: A/R MISC-RESIDENTIAL MTGE BANKING...................... 3549 34,428 . . . . 4.a
b. 3550: ....................................................... 3550 N/A . . . . 4.b
c. 3551: ....................................................... 3551 N/A . . . . 4.c
5. Total (sum of items 1 through 4) (must equal Schedule RC, item 11)....................... 2160 287,428 5.
</TABLE>
MEMORANDUM
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
RCFD
----
1. Deferred tax assets disallowed for regulatory capital purposes........................... 5610 0 M.1
</TABLE>
SCHEDULE RC-G -- OTHER LIABILITIES
<TABLE>
<CAPTION>
C435 [-
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
RCON
----
<S> <C> <C> <C>
1. a. Interest accrued and unpaid on deposits in domestic offices(2)........................ 3645 35,438 1.a
b. Other expenses accrued and unpaid (includes accrued income taxes payable)............. 3646 194,727 1.b
2. Net deferred tax liabilities(1).......................................................... 3049 0 2.
3. Minority interest in consolidated subsidiaries........................................... 3000 781 3.
4. Other (itemize and describe amounts that exceed 25% of this item)........................ 2938 101,625 4.
TEXT RFCD
---- ----
a. 3552: LIAB/SUSPENSE-CLEARING ACCOUNT......................... 3552 24,600 . . . . 4.a
b. 3553......................................................... 3553 N/A . . . . 4.b
c. 3554......................................................... 3554 N/A . . . . 4.c
5. Total (sum of items 1 through 4) (must equal Schedule RC, item 20)....................... 2930 332,571 5.
</TABLE>
- ---------------
(1) See discussion of deferred income taxes in Glossary entry on "income taxes."
(2) For savings banks, include "dividends" accrued and unpaid on deposits.
<PAGE> 49
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-12
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199
22
Transit Number: 09100002
</TABLE>
SCHEDULE RC-H--SELECTED BALANCE SHEET ITEMS FOR DOMESTIC OFFICES
<TABLE>
<CAPTION>
C440 [-
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
Domestic Offices
------------------------
RCON
----
<S> <C> <C> <C>
1. Customers' liability to this bank on acceptances outstanding ............................ 2155 174,965 1.
2. Bank's liability an acceptances executed and outstanding ................................ 2920 175,820 2.
3. Federal funds sold and securities purchased under agreements to resell .................. 1350 690,020 3.
4. Federal funds purchased and securities sold under agreements to repurchase .............. 2800 1,710,370 4.
5. Other borrowed money .................................................................... 3190 997,531 5.
EITHER
6. Net due from own foreign offices, Edge and Agreement subsidiaries, and IBFs ............. 2163 N/A 6.
OR
7. Net due to own foreign offices, Edge and Agreement subsidiaries, and IBFs ............... 2941 387,830 7.
8. Total assets (exludes net due from foreign offices, Edge and Agreement subsidiaries,
and IBFs) ............................................................................... 2192 18,536,577 8.
9. Total liabilities (excludes net due to foreign offices, Edge and Agreement subsidiaries,
and IBFs) ............................................................................... 3129 14,852,650 9.
ITEMS 10-17 INCLUDE HELD-TO MATURITY AND AVAILABLE-FOR-SALE SECURITIES IN DOMESTIC OFFICES.
10. U.S. Treasury securities ................................................................ 1779 461,448 10.
11. U.S. Government agency and corporation obligations (exclude mortgage-backed securities).. 1785 3,592 11.
12. Securities issued by states and political subdivisions in the U.S. ...................... 1786 104,234 12.
13. Mortgage-backed securities (MBS):
a. Pass-through securities:
(1) Issued or guaranteed by FNMA, FHLMC, or GNMA .................................... 1787 638,524 13.a.1
(2) Other pass-through securities .................................................... 1869 96,982 13.a.2
b. Other mortgage-backed securities (include CNOs, REMICs, and stripped NBS):
(1) Issued or guaranteed by FNMA, FHLMC, GNMA ........................................ 1877 102,763 13.b.1
(2) All other mortgage-backed securities ............................................. 2253 0 13.b.2
14. Other domestic debt securities .......................................................... 3159 52,469 14.
15. Foreign debt securities ................................................................. 3160 4,035 15.
16. Equity securities:
a. Investiments in mutual funds ......................................................... 3161 0 16.a
b. Other equity securities with readily determinable fair values ........................ 3162 0 16.b
c. All other equity securities .......................................................... 3169 18,962 16.c
17. Total held-to-maturity and available-for-sale securities (sum of items 10 through 16) ... 3170 1,483,009 17.
</TABLE>
<TABLE>
<CAPTION>
MEMORANDUM (to be completed only by banks with IBFs and other "foreign" offices)
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
EITHER
1. Net due from the IBF of the domestic offices of the reporting bank ...................... 3051 N/A M.1
OR
2. Net due to the IBF of the domestic offices of the reporting bank ......................... 3059 0 M.2
</TABLE>
<PAGE> 50
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 03/31/95 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-13
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199 23
Transit Number: 09100002
</TABLE>
SCHEDULE RC-I -- SELECTED ASSETS AND LIABILITIES OF IBFS
TO BE COMPLETED ONLY BY BANKS WITH IBFS AND OTHER "FOREIGN" OFFICES.
<TABLE>
<CAPTION>
C445 [-
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
RCFN
----
1. Total IBF assets of the consolidated bank (component of Schedule RC, item 12)......... 2133 N/A 1.
2. Total IBF loans and lease financing receivables (component of Schedule RC-C, part I,
item 12, column A).................................................................... 2076 N/A 2.
3. IBF commercial and industrial loans (component of Schedule RC-C, part I, item 4,
column A)............................................................................. 2077 N/A 3.
4. Total IBF liabilities (component of Schedule RC, item 21)............................. 2898 N/A 4.
5. IBF deposit liabilities due to banks, including other IBFs (component of Schedule RC-E,
part II, items 2 and 3)............................................................... 2379 N/A 5.
6. Other IBF deposit liabilities (component of Schedule RC-E, part II, items 1, 4,
5, and 6)............................................................................. 2381 N/A 6.
</TABLE>
SCHEDULE RC-K -- QUARTERLY AVERAGES(1)
<TABLE>
<CAPTION>
C455 [-
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
ASSETS
RCFD
----
1. Interest-bearing balances due from depository institutions............................ 3381 0 1.
2. U.S. Treasury securities and U.S. Government agency and corporation obligations(2).... 3382 1,244,412 2.
3. Securities issued by states and political subdivisions in the U.S.(2)................. 3383 107,650 3.
4. a. Other debt securities(2)......................................................... 3647 162,602 4.a
b. Equity securities(3) (includes investments in mutual funds and Federal Reserve
stock)........................................................................... 3648 19,483 4.b
5. Federal funds sold and securities purchased under agreements to resell in domestic
offices of the bank and of its Edge and Agreement subsidiaries, and in IBFs........... 3365 552,066 5.
6. Loans: RCON
a. Loans in domestic offices: ----
(1) Total loans................................................................. 3360 11,489,192 6.a.1
(2) Loans secured by real estate................................................ 3385 3,249,405 6.a.2
(3) Loans to finance agricultural production and other loans to farmers......... 3386 12,426 6.a.3
(4) Commercial and industrial loans............................................. 3387 3,987,537 6.a.4
(5) Loans to individuals for household, family, and other personal
expenditures................................................................ 3388 2,250,704 6.a.5
RCFN
----
b. Total loans in foreign offices, Edge and Agreement subsidiaries, and IBFs........ 3360 29,337 6.b
RCFD
----
7. Trading assets........................................................................ 3401 105,407 7.
8. Lease financing receivables (net of unearned income).................................. 3484 233,274 8.
9. Total assets(4)....................................................................... 3368 16,023,136 9.
LIABILITIES RCON
10. Interest-bearing transaction accounts in domestic offices (NOW accounts, ATS accounts, ----
and telephone and preauthorized transfer accounts) (exclude demand deposits).......... 3485 132,401 10.
11. Nontransaction accounts in domestic offices:
a. Money market deposit accounts (MMDAs)............................................ 3486 3,327,618 11.a
b. Other savings deposits........................................................... 3487 591,460 11.b
c. Time certificates of deposit of $100,000 or more................................. 3345 364,715 11.c
d. All other time deposits.......................................................... 3469 1,827,858 11.d
RCFN
12. Interest-bearing deposits in foreign offices, Edge and Agreement subsidiaries, ----
and IBFs.............................................................................. 3404 321,089 12.
RCFD
13. Federal funds purchased and securities sold under agreements to repurchase in ----
domestic offices of the bank and of its Edge and Agreement subsidiaries, and in IBFs.. 3353 2,160,674 13.
14. Other borrowed money.................................................................. 3555 939,029 14.
</TABLE>
- ---------------
(1) For all items, banks have the option of reporting either (1) an average of
daily figures for the quarter, or (2) an average of weekly figures (i.e.,
the Wednesday of each week of the quarter).
(2) Quarterly averages for all debt securities should be based on amortized
cost.
(3) Quarterly averages for all equity securities should be based on historical
cost.
(4) The quarterly average for total assets should reflect all debt securities
(not held for trading) at amortized cost, equity securities with readily
determinable fair values at the lower of cost or fair value, and equity
securities without readily determinable fair values at historical cost.
<PAGE> 51
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-14
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199 24
Transit Number: 09100002
</TABLE>
SCHEDULE RC-L -- OFF-BALANCE SHEET ITEMS
Please read carefully the instructions for the preparation of Schedule RC-L.
Some of the amounts reported in Schedule RC-L are regarded as volume indicators
and not necessarily as measures of risk.
<TABLE>
<CAPTION>
C460 [-
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Unused commitments: RCFD
a. Revolving, open-end lines secured by 1-4 family residential properties, e.g., ----
home equity lines................................................................ 3814 346,411 1.a
b. Credit card lines................................................................ 3815 5,237,356 1.b
c. Commercial real estate, construction, and land development:
(1) Commitments to fund loans secured by real estate............................. 3816 430,370 1.c.1
(2) Commitments to fund loans not secured by real estate......................... 6550 201,282 1.c.2
d. Securities underwriting.......................................................... 3817 105,885 1.d
e. Other unused commitments......................................................... 3818 6,729,877 1.e
2. Financial standby letters of credit and foreign office guarantees................... 3819 1,154,588 2.
RCFD
a. Amount of financial standby letters of credit conveyed to ----
others ..................................................... 3820 150,454 . . . . . . . 2.a
3. Performance standby letters of credit and foreign office guarantees................. 3821 59,398 3.
RCFD
a. Amount of performance standby letters of credit conveyed to ----
others...................................................... 3822 2,779 . . . . . . . 3.a
4. Commercial and similar letters of credit............................................ 3411 159,059 4.
5. Participations in acceptances (as described in the instructions) conveyed to others
by the reporting bank............................................................... 3428 15,113 5.
6. Participations in acceptances (as described in the instructions) acquired by the
reporting (nonaccepting) bank....................................................... 3429 8,941 6.
7. Securities borrowed................................................................. 3432 0 7.
8. Securities lent (including customers' securities lent where the customer is
indemnified against loss by the reporting bank)..................................... 3433 0 8.
9. Loans transferred (i.e., sold or swapped) with recourse that have been treated
as sold for Call Report purposes:
a. FNMA and FHLMC residential mortgage loan pools:
(1) Outstanding principal balance of mortgages transferred as of the report
date......................................................................... 3650 17,916 9.a.1
(2) Amount of recourse exposure on these mortgages as of the report date......... 3651 17,916 9.a.2
b. Private (nongovernment-issued or -guaranteed) residential mortgage loan pools:
(1) Outstanding principal balance of mortgages tarnsferred as of the report
date......................................................................... 3652 0 9.b.1
(2) Amount of recourse exposure on these mortgages as of the report date......... 3653 0 9.b.2
c. Farmer Mac agricultural mortgage loan pools:
(1) Outstanding principal balance of mortgages transferred as of the report
date......................................................................... 3654 0 9.c.1
(2) Amount of recourse exposure on these mortgages as of the report date......... 3655 0 9.c.2
D. SMALL BUSINESS OBLIGATIONS TRANSFERRED WITH RECOURSE UNDER SECTION 208 OF THE
RIEGLE COMMUNITY DEVELOPMENT AND REGULATORY IMPROVEMENT ACT OF 1994:
(1) OUTSTANDING PRINCIPAL BALANCE OF SMALL BUSINESS OBLIGATIONS TRANSFERRED AS
OF THE REPORT DATE........................................................... A249 0 9.D.1
(2) AMOUNT OF RETAINED RECOURSE ON THESE OBLIGATIONS AS OF THE REPORT DATE....... A250 0 9.D.2
10. When-issued securities:
a. Gross commitments to purchase.................................................... 3434 1,990 10.a
b. Gross commitments to sell........................................................ 3435 1,150 10.b
11. Spot foreign exchange contracts..................................................... 8765 1,010,384 11.
12. All other off-balance sheet liabilities (exclude off-balance sheet derivatives)
(itemize and describe each component of this item over 25% of Schedule RC,
item 28, "Total equity capital").................................................... 3430 0 12.
TEXT RCFD
---- ----
a. 3555: .................................................. 3555 N/A . . . . . . . . 12.a
b. 3556: .................................................. 3556 N/A . . . . . . . . 12.b
c. 3557: .................................................. 3557 N/A . . . . . . . . 12.c
d. 3558: .................................................. 3558 N/A . . . . . . . . 12.d
</TABLE>
<PAGE> 52
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-15
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199 25
Transit Number: 09100002
</TABLE>
SCHEDULE RC-L -- CONTINUED
<TABLE>
<S> <C> <C> <C> <C>
13. All other off-balance sheet assets (exclude off-balance sheet derivates) (itemize
and describe each component of this item over 25% of Schedule RC, item 28, "Total
equity capital").................................................................... 5591 0 13.
TEXT RCON
---- ----
a. 5592: ....................................................... 5592 N/A . . . . . . 13.a
b. 5593: ....................................................... 5593 N/A . . . . . . 13.b
c. 5594: ....................................................... 5594 N/A . . . . . . 13.c
d. 5595: ....................................................... 5595 N/A . . . . . . 13.d
</TABLE>
<TABLE>
<CAPTION>
C461 (-
Dollar Amounts in Thousands
- -------------------------------------------------------------------------------------------------------------------------
(Column A) (Column B) (Column C) (Column D)
Off-balance Sheet Equity Commodity
Derivatives Interest Rate Foreign Exchange Derivative And Other
Position Indicators Contracts Contracts Contracts Contracts
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
14. Gross amounts (e.g., notional amounts) (for each
column, sum of items 14.a through 14.e must equal
sum of items 15, 16.a, and 16.b):
a. Futures contracts............................. 0 0 0 0 14.a
RCFD 8693 RCFD 8694 RCFD 8695 RCFD 8696
b. Forward contracts............................. 110,074 1,341,111 0 0 14.b
RCFD 8697 RCFD 8698 RCFD 8699 RCFD 8700
c. Exchange-traded option contracts:
(1) Written options........................... 0 0 0 0 14.c1
RCFD 8701 RCFD 8702 RCFD 8703 RCFD 8704
(2) Purchased options......................... 0 0 0 0 14.c2
RCFD 8705 RCFD 8706 RCFD 8707 RCFD 8708
d. Over-the-counter option contracts:
(1) Written options........................... 106,535 63,293 0 0 14.d1
RCFD 8709 RCFD 8710 RCFD 8711 RCFD 8712
(2) Purchased options......................... 1,456,535 63,293 0 0 14.d2
RCFD 8713 RCFD 8714 RCFD 8715 RCFD 8716
e. Swaps......................................... 1,377,167 0 0 0 14.e
RCFD 3450 RCFD 3826 RCFD 8719 RCFD 8720
15. Total gross notional amount of derivative contracts
held for trading................................... 461,511 1,467,697 0 0 15.
RCFD A126 RCFD A127 RCFD 8723 RCFD 8724
16. Total gross notional amount of derivative contracts
held for purposes other than trading:
a. Contracts marked to market.................... 0 0 0 0 16.a
RCFD 8725 RCFD 8726 RCFD 8727 RCFD 8728
b. Contracts not marked to market................ 2,588,800 0 0 0 16.b
RCFD 8729 RCFD 8730 RCFD 8731 RCFD 8732
</TABLE>
<PAGE> 53
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-16
MINNEAPOLIS, MN 55402-1802 VENDOR ID: D CERT: 05199 26
Transit Number: 09100002
</TABLE>
SCHEDULE RC-L -- CONTINUED
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- --------------------------------------------------------------------------------------------------------------------------------
(Column A) (Column B) (Column C) (Column D)
Off-balance Sheet Equity Commodity
Derivatives Interest Rate Foreign Exchange Derivative And Other
Position Indicators Contracts Contracts Contracts Contracts
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C><C>
17. Gross fair values of derivative
contracts:
a. Contracts held for trading: RCFD RCFD RCFD RCFD
(1) Gross positive fair ---- ---- ---- ----
value........................... 8733 6,957 8734 17,470 8735 0 8736 0 17.a1
(2) Gross negative fair
value........................... 8737 7,626 8738 15,631 8739 0 8740 0 17.a2
b. Contracts held for purposes
other than trading that are
marked to market:
(1) Gross positive fair
value........................... 8741 0 8742 0 8743 0 8744 0 17.b1
(2) Gross negative fair
value........................... 8745 0 8746 0 8747 0 8748 0 17.b2
c. Contracts held for purposes
other than trading that are
not marked to market:
(1) Gross positive fair
value........................... 8749 10,889 8750 0 8751 0 8752 0 17.c1
(2) Gross negative fair
value........................... 8753 28,247 8754 0 8755 0 8756 0 17.c2
</TABLE>
MEMORANDA
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------
RCFD
----
<S> <C> <C> <C>
1.-2. Not applicable................................................................. . . . . . .
3. Unused commitments with an original maturity exceeding one year that are
reported in Schedule RC-L, items 1.a through 1.e, above (report only the unused
portions of commitments that are fee paid or otherwise legally binding)........ 3833 5,266,623 M.3
a. Participations in commitments with an original
RCFD
----
maturity exceeding one year conveyed to others ...... 3834 ....... 1,035,965 . . . . . . M.3a
4. To be completed only by banks with $1 billion or more in total assets:
Standby letters of credit and foreign office guarantees (both financial and
performance) issued to non-U.S. addressees (domicile) included in
Schedule RC-L, items 2 and 3, above............................................ 3377 1,766 M.4
5. Installment loans to individuals for household, family and other personal
expenditures that have been securitized and sold without recourse (with
servicing retained), amounts outstanding by type of loan:
a. Loans to purchase private passenger automobiles
(to be completed for the September report only) ............................ 2741 N/A M.5a
b. Credit cards and related plans (TO BE COMPLETED QUARTERLY).................. 2742 0 M.5b
c. All other consumer installment credit (including mobile home loans)
(to be completed for the September report only) ............................ 2743 N/A M.5c
</TABLE>
<PAGE> 54
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-17
MINNEAPOLIS, MN 55402-1802 VENDOR ID: D CERT: 05199
27
Transit Number: 09100002
</TABLE>
SCHEDULE RC-M -- MEMORANDA
<TABLE>
<CAPTION>
C465 <-
Dollar Amounts in Thousands
- ----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1. Extensions of credit by the reporting bank to its executive officers, directors,
principal shareholders, and their related interests as of the report date:
a. Aggregate amount of all extensions of credit to all executive officers, directors, RCFD
principal shareholders and their related interests................................... 6164 558 1.a.
b. Number of executive officers, directors, and principal shareholders to whom the
amount of all extensions of credit by the reporting bank (including extensions
of credit to related interests) equals or exceeds the lesser of $500,000 or
5 percent of total capital as defined for this purpose in agency RCFD Number
regulations.................................................... 6165 0 1.b.
2. Federal funds sold and securities purchased under agreements to resell with U.S.
branches and agencies of foreign banks(1) (included in Schedule RC, items 3.a and
3.b).................................................................................... 3405 0 2.
3. Not applicable.
4. Outstanding principal balance of 1-4 family residential mortgage loans serviced for
others (include both retained servicing and purchased servicing):
a. Mortgages serviced under a GNMA contract............................................. 5500 0 4.a.
b. Mortgages serviced under a FHLMC contract:
(1) Serviced with recourse to servicer............................................... 5501 0 4.b.1
(2) Serviced without recourse to servicer............................................ 5502 0 4.b.2
c. Mortgages serviced under a FNMA contract:
(1) Serviced under a regular option contract......................................... 5503 0 4.c.1
(2) Serviced under a special option contract......................................... 5504 0 4.c.2
d. Mortgages serviced under other servicing contracts................................... 5505 0 4.d.
5. To be completed only by banks with $1 billion or more in total assets:
Customers' liability to this bank on acceptances outstanding (sum of items 5.a and 5.b
must equal Schedule RC, item 9):
a. U.S. addressees (domicile)........................................................... 2103 54,036 5.a.
b. Non-U.S. addressees (domicile)....................................................... 2104 120,929 5.b.
6. Intangible assets:
a. Mortgage servicing rights............................................................ 3164 0 6.a.
b. Other identifiable intangible assets:
(1) Purchased credit card relationships.............................................. 5506 78,984 6.b.1
(2) All other identifiable intangible assets......................................... 5507 80,743 6.b.2
c. Goodwill............................................................................. 3163 60,499 6.c.
d. Total (sum of items 6.a through 6.c) (must equal Schedule RC, item 10)............... 2143 220,226 6.d.
e. Amount of intangible assets (included in item 6.b.(2) above) that have been
grandfathered or are otherwise qualifying for regulatory capital purposes............ 6442 0 6.e.
7. Mandatory convertible debt, net of common or perpetual preferred stock
dedicated to redeem the debt............................................................ 3295 0 7.
</TABLE>
- ---------------
(1) Do not report federal funds sold and securities purchased under agreements
to resell with other commercial banks in the U.S. in this item.
27
<PAGE> 55
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-18
MINNEAPOLIS, MN 55402-1802 VENDOR ID: D CERT: 05199
28
Transit Number: 09100002
</TABLE>
SCHEDULE RC-M -- CONTINUED
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
RCFD
8. a. Other real estate owned: ----
(1) Direct and indirect investments in real estate ventures....................... 5372 0 8.a.1
(2) All other real estate owned: RCON
----
(a) Construction and land development in domestic offices.................... 5508 0 8.a.2a
(b) Farmland in domestic offices............................................. 5509 0 8.a.2b
(c) 1-4 family residential properties in domestic offices.................... 5510 2,324 8.a.2c
(d) Multifamily (5 or more) residential properties in domestic offices....... 5511 117 8.a.2d
RCFN
----
(e) Nonfarm nonresidential properties in domestic offices.................... 5512 8,844 8.a.2e
(f) In foreign offices....................................................... 5513 0 8.a.2f
RCFD
----
(3) Total (sum of items 8.a.(1) and 8.a.(2)) (must equal Schedule RC, item 7)..... 2150 11,285 8.a.3
b. Investments in unconsolidated subsidiaries and associated companies:
(1) Direct and indirect investments in real estate ventures....................... 5374 0 8.b.1
(2) All other investments in unconsolidated subsidiaries and associated
companies..................................................................... 5375 528,472 8.b.2
(3) Total (sum of items 8.b.(1) and 8.b.(2)) (must equal Schedule RC, item 8)..... 2130 528,472 8.b.3
c. Total assets of unconsolidated subsidiaries and associated companies............... 5376 545,158 8.c
9. Noncumulative perpetual preferred stock and related surplus included in Schedule RC,
item 23, "Perpetual preferred stock and related surplus"................................ 3778 0 9.
10. Mutual fund and annuity sales in domestic offices during the quarter (include RCON
proprietary, private label, and third party products): ----
a. Money market funds................................................................. 6441 66,287 10.a.
b. Equity securities funds............................................................ 8427 36,466 10.b.
c. Debt securities funds.............................................................. 8428 11,796 10.c.
d. Other mutual funds................................................................. 8429 5,410 10.d.
e. Annuities.......................................................................... 8430 17,336 10.e.
f. Sales of proprietary mutual funds and annuities (included in items 10.a through
10.e above)........................................................................ 8784 17,585 10.f.
</TABLE>
MEMORANDUM
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Interbank holdings of capital instruments (to be completed for the December report RCFD
only): ----
a. Reciprocal holdings of banking organizations' capital instruments.................. 3836 N/A M.1.a.
b. Nonreciprocal holdings of banking organizations' capital instruments............... 3837 N/A M.1.b.
</TABLE>
28
<PAGE> 56
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-19
MINNEAPOLIS, MN 55402-1802 VENDOR ID: D CERT: 05199 29
Transit Number: 09100002
</TABLE>
SCHEDULE RC-N - PAST DUE AND NONACCRUAL LOANS, LEASES, AND OTHER ASSETS
The FFIEC regards the information reported in all of Memorandum item 1, in items
1 through 10, column A, and in Memorandum items 2 through 4, column A, as
confidential.
<TABLE>
<CAPTION>
C470 [-
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
------(Column A)------ ------(Column B)-------- -----(Column C)-------
Past due 30 through 89 Past due 90 days or more Nonaccrual
days amd still accruing and still accruing
----------------------- ------------------------ ----------------------
<S> <C> <C> <C> <C> <C> <C> <C>
RCFD RCFD RCFD
---- ---- ----
1. Loans secured by real estate:
a. To U.S. addressees (domicile)................... 1245 29,514 1246 3,299 1247 29,307 1.a.
b. To non-U.S. addressees (domicile)............... 1248 0 1249 0 1250 0 1.b.
2. Loans to depository institutions and acceptances of
other banks:
a. To U.S. banks and other U.S. depositary
institutions.................................... 5377 0 5378 0 5379 0 2.a.
b. To foreign banks................................ 5380 5381 0 5382 0 2.b.
3. Loans to finance agricultural production and other
loans to farmers..................................... 1594 1,112 1597 0 1583 1,075 3.
4. Commercial and industrial loans:
a. To U.S. addressees (domicile)................... 1251 36,482 1252 370 1253 14,049 4.a.
b. To non-U.S. addressees (domicile)............... 1254 0 1255 0 1256 0 4.b.
5. Loans to individuals for household, family, and other
personal expenditures:
a. Credit cards and related plans.................. 5383 13,783 5384 8,053 5385 0 5.a.
b. Other (includes single payment, installment, and
all student loans).............................. 5386 16,023 5387 1,811 5388 217 5.b.
6. Loans to foreign governments and official
institutions......................................... 5389 0 5390 0 5391 0 6.
7. All other loans...................................... 5459 0 5460 0 5461 0 7.
8. Lease financing receivables:
a. Of U.S. addressees (domicile)................... 1257 1,428 1258 139 1259 58 8.a.
b. Of non-U.S. addressees (domicile)............... 1271 0 1272 0 1791 0 8.b.
9. Debt securities and other assets (exclude other real
estate owned and other repossessed assets)........... 3505 0 3506 0 3507 0 9.
====================================================================================================================================
</TABLE>
Amounts reported in items 1 through 8 above include guaranteed and unguaranteed
portions of past due and nonaccrual loans and leases. Report in item 10 below
certain guaranteed loans and leases that have already been included in the
amounts reported in items 1 through 8.
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C>
10. Loans and leases reported in items 1 through 8 above RCFD RCFD RCFD
which are wholly or partially guaranteed by the U.S. ---- ---- ----
Government........................................... 5612 4,373 5613 764 5614 8,457 10.
a. Guaranteed portion of loans and leases included
in item 10 above................................ 5615 4,360 5616 764 5617 8,425 10.a.
</TABLE>
29
<PAGE> 57
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-20
MINNEAPOLIS, MN 55402-1802 VENDOR ID: D CERT: 05199 30
Transit Number: 09100002
</TABLE>
SCHEDULE RC-N - CONTINUED
MEMORANDA
<TABLE>
<CAPTION>
C473 [-
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
------(Column A)------- -------(Column B)------- ------(Column C)-------
Past due 30 through 89 Past due 90 days or more Nonaccrual
days and still accruing and still accruing
----------------------- ------------------------ -----------------------
<S> <C> <C> <C> <C> <C> <C> <C>
RCFD RCFD RCFD
1. Restructured loans and leases included in ---- ---- ----
Schedule RC-N, items 1 through 8, above........... 1658 0 1659 0 1661 0 M.1.
2. Loans to finance commercial real estate,
construction, and land development activities
(not secured by real estate) included in Schedule
RC-N, items 4 and 7, above........................ 6558 71 6559 0 6560 1,940 M.2.
3. Loans secured by real estate in domestic offices RCON RCON RCON
(included in Schedule RC-N, item, 1 above): ---- ---- ----
a. Construction and land development.............. 2759 262 2769 0 3492 10,753 M.3.a.
b. Secured by farmland............................ 3493 0 3494 0 3495 140 M.3.b.
c. Secured by 1-4 family residential properties:
(1) Revolving, open-end loans secured by 1-4
family residential properties and extended
under lines of credit...................... 5398 949 5399 70 5400 739 M.3.c.1
(2) All other loans secured by 1-4 family
residential properties..................... 5401 26,447 5402 3,229 5403 12,311 M.3.c.2
d. Secured by multifamily (5 or more) residential
properties..................................... 3499 270 3500 0 3501 27 M.3.d.
e. Secured by nonfarm nonresidential properties... 3502 1,586 3503 0 3504 5,307 M.3.e.
</TABLE>
<TABLE>
<CAPTION>
----(Column A)---- -----(Column B)-----
Past due 30 Past due 90
through 89 days days or more
-------------------- ----------------------
<S> <C> <C> <C> <C> <C>
4. Interest rate, foreign exchange rate, and other RCFD RCFD
commodity and equity contracts: ---- ----
a. Book value of amounts carried as assets........ 3522 0 3528 0 M.4.a.
b. Replacement cost of contracts with a positive
replacement cost............................... 3529 0 3530 0 M.4.b.
</TABLE>
<PAGE> 58
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-21
MINNEAPOLIS, MN 55402-1802 Vemdor ID: D CERT: 05199 31
Transit Number: 09100002
</TABLE>
SCHEDULE RC-O -- OTHER DATA FOR DEPOSIT INSURANCE ASSESSMENTS
<TABLE>
<CAPTION>
C475 [-
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
RCON
----
1. Unposted debits (see instructions):
a. Actual amount of all unposted debits............................................... 0030 N/A 1.a
OR
b. Separate amount of unposted debits:
(1) Actual amount of unposted debits to demand deposits............................ 0031 0 1.b1
(2) Actual amount of unposted debits to time and savings deposits(1)............... 0032 0 1.b2
2. Unposted credits (see instructions):
a. Actual amount of all unposted credits.............................................. 3510 N/A 2.a
OR
b. Separate amount of unposted credits:
(1) Actual amount of unposted credits to demand deposits........................... 3512 0 2.b1
(2) Actual amount of unposted credits to time and savings deposits(1).............. 3514 0 2.b2
3. Uninvested trust funds (cash) held in bank's own trust department (not included
in total deposits in domestic offices)................................................ 3520 0 3.
4. Deposits of consolidated subsidiaries in domestic offices and in insured branches in
Puerto Rico and U.S. territories and possessions (not included in total deposits):
a. Demand deposits of consolidated subsidiaries....................................... 2211 35,275 4.a
b. Time and savings deposits(1) of consolidated subsidiaries.......................... 2351 0 4.b
c. Interest accrued and unpaid on deposits of consolidated subsidiaries............... 5514 0 4.c
5. Deposits in insured branches in Puerto Rico and U.S. territories and possessions:
a. Demand deposits in insured branches (included in Schedule RC-E, Part II)........... 2229 0 5.a
b. Time and savings deposits(1) in insured branches (included in Schedule RC-E,
Part II)........................................................................... 2383 0 5.b
c. Interest accrued and unpaid on deposits in insured branches
(included in Schedule RC-G, item 1.b).............................................. 5515 0 5.c
Item 6 is not applicable to state nonmember banks that have not been authorized by the
Federal Reserve to act as pass-through correspondents.
6. Reserve balances actually passed through to the Federal Reserve by the reporting bank
on behalf of its respondent depository institutions that are also reflected as deposit
liabilities of the reporting bank: RCON
a. Amount reflected in demand deposits (included in Schedule RC-E, Part I, ----
item 4 or 5, column B)............................................................. 2314 0 6.a.
b. Amount reflected in time and savings deposits(1) (included in Schedule RC-E,
Part I, item 4 or 5, column A or C; but not column B).............................. 2315 0 6.b.
7. Unamortized premiums and discounts on time and savings deposits:(1)
a. Unamortized premiums............................................................... 5516 2,930 7.a.
b. Unamortized discounts.............................................................. 5517 0 7.b.
8. TO BE COMPLETED BY BANKS WITH "OAKAR DEPOSITS."
Total "Adjusted Attributable Deposits" of all institutions acquired under Section
5(d)(3) of the Federal Deposit Insurance Act (from most recent FDIC Oakar Transaction
Worksheet(s))......................................................................... 5518 1,162,084 8.
9. Deposits in lifeline accounts......................................................... . . . . . . . . 9.
10. Benefit-responsive "Depository Institution Investment Contracts" (included in total
deposits in domestic offices)......................................................... 8432 33,699 10.
</TABLE>
- ---------------
(1) For FDIC insurance assessment purposes, "time and savings deposits" consists
of nontransaction accounts and all transaction accounts other than demand
deposits.
<PAGE> 59
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-22
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199 32
Transit Number: 09100002
</TABLE>
SCHEDULE RC-O -- CONTINUED
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
11. Adjustments to demand deposits reported in Schedule RC-E for certain reciprocal demand
balances: RCON
a. Amount by which demand deposits would be reduced if reciprocal demand balances between the ----
reporting bank and savings associations were reported on a net basis rather than a gross basis
in Schedule RC-E.............................................................................. 8785 0 11.a
b. Amount by which demand deposits would be increased if reciprocal demand balances between the
reporting bank and U.S. branches and agencies of foreign banks were reported on a gross basis
rather than a net basis in Schedule RC-E...................................................... A181 0 11.b
c. Amount by which demand deposits would be reduced if cash items in process of collection were
included in the calculation of net reciprocal demand balances between the reporting bank and
the domestic offices of U.S. banks and savings associations in Schedule RC-E.................. A182 0 11.c
</TABLE>
<TABLE>
<CAPTION>
MEMORANDA
(To be completed each quarter except as noted) Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1. Total deposits in domestic offices of the bank (sum of Memorandum items 1.a.(1)
and 1.b.(1) must equal Schedule RC, item 13.a): RCON
a. Deposit accounts of $100,000 or less: ----
(1) Amount of deposit accounts of $100,000 or less.............................. 2702 4,344,353 M.1a1
RCON Number
(2) Number of deposit accounts of $100,000 or less (TO BE ---- ------
COMPLETED FOR THE JUNE REPORT ONLY)........................... 3779 1,314,662 . . . . . . . . . . . . M.1a2
b. Deposit accounts of more than $100,000:
(1) Amount of deposit accounts of more than $100,000............................ 2710 6,446,955 M.1b1
RCON Number
---- ------
(2) Number of deposit accounts of more than $100,000.............. 2722 7,217 . . . . . . . . . . . . M.1b2
2. Estimated amount of uninsured deposits in domestic offices of the bank:
a. An estimate of your bank's uninsured deposits can be determined by multiplying
the number of deposit accounts of more than $100,000 reported in Memorandum item
1.b.(2) above by $100,000 and subtracting the result from the amount of deposit
accounts of more than $100,000 reported in Memorandum item 1.b.(1) above.
Indicate in the appropriate box at the right whether your bank has a method or RCON YES NO
procedure for determining a better estimate of uninsured deposits than the ----
estimate described above................................................... 6861 X M.2.a
b. If the box marked YES has been checked, report the estimate of uninsured deposits
determined by using your bank's method or procedure............................. 5597 N/A M.2.b
C477 [-
- ------------------------------------------------------------------------------------------------------------------------------------
Person to whom questions about the Reports of Condition and Income
should be directed:
JOE C. PARAY, ACCOUNTANT II 612-973-0917
- ------------------------------------- --------------------------------------------
Name and Title (TEXT 8901) Area code/phone number/extension (TEXT 8902)
</TABLE>
<PAGE> 60
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-23
MINNEAPOLIS, MN 55402-1802 Vendor ID: D CERT: 05199
33
Transit Number: 09100002
</TABLE>
SCHEDULE RC-R - REGULATORY CAPITAL
This schedule must be completed by all banks as follows: Banks that reported
total assets of $1 billion or more in Schedule RC, item 12, for June 30, 1995,
must complete items 2 through 9 and Memoranda items 1 and 2. BANKS WITH ASSETS
OF LESS THAN $1 BILLION MUST COMPLETE ITEMS 1 THROUGH 3 BELOW OR SCHEDULE RC-R
IN ITS ENTIRETY, DEPENDING ON THEIR RESPONSE TO ITEM 1 BELOW.
<TABLE>
<S> <C> <C> <C> <C>
1. TEST FOR DETERMINING THE EXTENT TO WHICH SCHEDULE RC-R MUST BE COMPLETED. TO BE COMPLETED C480 [-
ONLY BY BANKS WITH TOTAL ASSETS OF LESS THAN $1 BILLION. Indicate in the appropriate box RCFD YES NO
at the right whether the bank has total capital greater than or equal to eight percent of ---- --- --
adjusted total assets...................................................................... 6056 X 1.
For purposes of this test, adjusted total assets equals total assets less cash, U.S. Treasuries, U.S. Government agency
obligations, and 80 percent of U.S. Government-sponsored agency obligations plus the allowance for loan and lease losses and
selected off-balance sheet items as reported on Schedule RC-L (see instructions).
If the box marked YES has been checked, then the bank only has to complete item 2 and 3 below. If the box marked NO has
been checked, the bank must complete the remainder of this schedule.
A NO response to item 1 does not necessarily mean that the bank's actual risk-based capital ratio is less than eight
percent or that the bank is not in compliance with the risk-based capital guidelines.
</TABLE>
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
NOTE: ALL BANKS ARE REQUIRED TO COMPLETE
ITEMS 2 AND 3 BELOW. SEE OPTIONAL WORKSHEET
FOR ITEMS 3.A THROUGH 3.F.
(Column A) (Column B)
Subordinated Debt(1) and
Intermediate Term Other Limited-Life
Preferred Stock Capital Instruments
------------------------ ------------------------
<S> <C> <C> <C> <C> <C>
2. Subordinated debt(1) and other limited-life capital instruments
(original weighted average maturity of at least five years) with a RCFD RCFD
remaining maturity of: ---- ----
a. One year or less................................................... 3780 0 3786 0 2.a
b. Over one year through two years.................................... 3781 0 3787 0 2.b
c. Over two years through three years................................. 3782 0 3788 0 2.c
d. Over three years through four years................................ 3783 10,000 3789 0 2.d
e. Over four years through five years................................. 3784 0 3790 0 2.e
f. Over five years.................................................... 3785 525,000 3791 0 2.f
3. AMOUNTS USED IN CALCULATING REGULATORY CAPITAL RATIOS (REPORT AMOUNTS RCFD
DETERMINED BY THE BANK FOR ITS OWN INTERNAL REGULATORY APITAL ANALYSES): ----
a. TIER 1 CAPITAL.......................................................................... 8274 1,166,452 3.a
b. TIER 2 CAPITAL.......................................................................... 8275 737,851 3.b
c. TOTAL RISK-BASED CAPITAL................................................................ 3792 1,904,303 3.c
d. EXCESS ALLOWANCE FOR LOAN AND LEASE LOSSES.............................................. A222 20,793 3.d
e. RISK-WEIGHTED ASSETS.................................................................... A223 16,527,291 3.e
f. "AVERAGE TOTAL ASSETS" ................................................................. A224 15,893,491 3.f
ITEMS 4-9 AND MEMORANDA ITEMS 1 AND 2 ARE TO BE COMPLETED BY BANKS THAT ANSWERED
NO TO ITEM 1 ABOVE AND BY BANKS WITH TOTAL ASSETS OF $1 BILLION OR MORE.
</TABLE>
<TABLE>
<CAPTION>
(Column A) (Column B)
Assets Recorded on the Credit Equivalent Amount
Balance Sheet of Off-Balance Sheet Items(2)
---------------------- -----------------------------
<S> <C> <C> <C> <C> <C>
4. Assets and credit equivalent amounts of off-balance sheet items assigned
to the Zero percent risk category:
a. Assets recorded on the balance sheet:
(1) Securities issued by, other claims on, and claims RCFD RCFD
unconditionally guaranteed by, the U.S. Government and its ---- ----
agencies and other OECD central governments.................... 3794 522,513 . . . . 4.a.1
(2) All other...................................................... 3795 338,049 . . . . 4.a.2
b. Credit equivalent amount of off-balance sheet items................. . . . . 3796 0 4.b
</TABLE>
- ---------------
(1) Exclude mandatory convertible debt reported in Schedule RC-M, item 7.
(2) Do not report in column B the risk-weighted amount of assets reported in
column A.
<PAGE> 61
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page Rc-24
MINNEAPOLIS, MN 55402-1802 VENDOR ID: D CERT: 05199
34
Transit Number: 09100002
</TABLE>
SCHEDULE RC-R - CONTINUED
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
(Column A) (Column B)
Assets Recorded on Credit Equivalent Amount
the Balance Sheet of Off-Balance Sheet Items(1)
------------------- -----------------------------
RCFD RCFD
---- ----
<S> <C> <C> <C> <C> <C>
5. Assets and credit equivalent amounts of off-balance sheet items
assigned to the 20 percent risk category:
a. Assets recorded on the balance sheet:
(1) Claims conditionally guaranteed by the U.S. Government
and its agencies and other OECD central governments...... 3798 160,352 . . . . 5.a.1
(2) Claims collateralized by securities issued by the U.S.
Government and its agencies and other OECD central
governments; by securities issued by U.S.
Government-sponsored agencies; and by cash on deposit.... 3799 0 . . . . 5.a.2
(3) All other................................................ 3800 2,461,748 . . . . 5.a.3
b. Credit equivalent amount of off-balance sheet items.......... . . . . . 3801 758,422 5.b.
6. Assets and credit equivalent amounts of off-balance sheet items
assigned to the 50 percent risk category:
a. Assets recorded on the balance sheet......................... 3802 958,956 . . . . 6.a.
b. Credit equivalent amount of off-balance sheet items.......... . . . . . 3803 66,949 6.b.
7. Assets and credit equivalent amounts of off-balance sheet items
assigned to the 100 percent risk category:
a. Assets recorded on the balance sheet......................... 3804 12,357,661 . . . . 7.a.
b. Credit equivalent amount of off-balance sheet items.......... . . . . . 3805 3,142,608 7.b.
8. On-balance sheet asset values excluded from the calculation of
the risk-based capital ratio(2)................................. 3806 ( 5,689) . . . . 8.
9. Total assets recorded on the balance sheet (sum of items 4.a,
5.a, 6.a, 7.a, and 8, column A) (must equal Schedule RC, item 12
plus items 4.b and 4.c)......................................... 3807 16,793,590 . . . . 9.
</TABLE>
MEMORANDA
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
RCFD
----
<S> <C> <C> <C>
Current credit exposure across all off-balance sheet derivative contracts
covered by the risk-based capital standards............................................... 8764 33,467 M.1.
-------------------With a remaining maturity of-----------------
(Column A) (Column B) (Column C)
Over one year
One year or less through five years Over five years
------------------- ------------------- -----------------
RCFD RCFD RCFD
<S> <C> <C> <C>
2. Notional principal amounts of off-balance
sheet derivative contracts:(3)
a. Interest rate contracts.................... 3809 861,214 8766 1,660,702 8767 425,000 M.2.a.
b. Foreign exchange contracts................. 3812 889,869 8769 316,702 8770 0 M.2.b.
c. Gold contracts............................. 8771 N/A 8772 N/A 8773 N/A M.2.c.
d. Other precious metals contracts............ 8774 N/A 8775 N/A 8776 N/A M.2.d.
e. Other commodity contracts.................. 8777 N/A 8778 N/A 8779 N/A M.2.e.
f. Equity derivative contracts................ A000 N/A A001 N/A A002 N/A M.2.f.
</TABLE>
- ---------------
(1) Do not report in column B the risk-weighted amount of assets reported in
column A.
(2) Include the difference between the fair value and the amortized cost of
available-for-sale securities in item 8 and report the amortized cost of
these securities in items 4 through 7 above. Item 8 also includes on-balance
sheet asset values (or portions thereof) of off-balance sheet interest rate,
foreign exchange rate, and commodity contracts and those contracts (e.g.,
futures contracts) not subject to risk-based capital. Exclude from item 8
margin accounts and accrued receivables as well as any portion of the
allowance for loan and lease losses in excess of the amount that may be
included in Tier 2 capital.
(3) Exclude foreign exchange contracts with an original maturity of 14 days or
less and all futures contracts.
<PAGE> 62
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-25
MINNEAPOLIS, MN 55402-1802 VENDOR ID: D CERT: 05199 35
Transit Number: 09100002
</TABLE>
<TABLE>
<CAPTION>
OPTIONAL NARRATIVE STATEMENT CONCERNING THE AMOUNTS
REPORTED IN THE REPORTS OF CONDITION AND INCOME
AT CLOSE OF BUSINESS ON JUNE 30, 1996
<S> <C> <C>
First Bank National Association Minneapolis MN
- --------------------------------------------------------- ------------------------------------------ ----------
Legal Title of Bank City State
The management of the reporting bank may, if it wishes, the truncated statement will appear as the bank's
submit a brief narrative statement on the amounts statement both on agency computerized records and in
reported in the Reports of Condition and Income. This computer-file releases to the public.
optional statement will be made available to the public,
along with the publicly available data in the Reports of All information furnished by the bank in the narrative
Condition and Income, in response to any request for statement must be accurate and not misleading.
individual bank report data. However, the information Appropriate efforts shall be taken by the submitting
reported in column A and in all of Memorandum item 1 of bank to ensure the statement's accuracy. The statement
Schedule RC-N is regarded as confidential and will not must be signed, in the space provided below, by a senior
be released to the public. BANKS CHOOSING TO SUBMIT THE officer of the bank who thereby attests to its accuracy.
NARRATIVE STATEMENT SHOULD ENSURE THAT THE STATEMENT
DOES NOT CONTAIN THE NAMES OR OTHER IDENTIFICATIONS OF If, subsequent to the original submission, material
INDIVIDUAL BANK CUSTOMERS, REFERENCES TO THE AMOUNTS changes are submitted for the data reported in the
REPORTED IN THE CONFIDENTIAL ITEMS IN SCHEDULE RC-N, OR Reports of Condition and Income, the existing narrative
ANY OTHER INFORMATION THAT THEY ARE NOT WILLING TO HAVE statement will be deleted from the files, and from
MADE PUBLIC OR THAT WOULD COMPROMISE THE PRIVACY OF disclosure; the bank, at its option, may replace it with
THEIR CUSTOMERS. Banks choosing not to make a statement a statement, under signature, appropriate to the amended
may check the "No comment" box below and should make no data.
entries of any kind in the space provided for the
narrative statement; i.e., DO NOT enter in this space The optional narrative statement will appear in agency
such phrases as "No statement," "Not applicable," "N/A," records and in release to the public exactly as
"No Comment," and "None." submitted (or amended as described in the preceding
paragraph) by the management of the bank (except for the
The optional statement must be entered on this sheet. truncation of statements exceeding the 750-character
The statement should not exceed 100 words. Further, limit described above). THE STATEMENT WILL NOT BE EDITED
regardless of the number of words, the statement must OR SCREENED IN ANY WAY BY THE SUPERVISORY AGENCIES FOR
not exceed 750 characters, including punctuation, ACCURACY OR RELEVANCE. DISCLOSURE OF THE STATEMENT SHALL
indentation, and standard spacing between words and NOT SIGNIFY THAT ANY FEDERAL SUPERVISORY AGENCY HAS
sentences. If any submission should exceed 750 VERIFIED OR CONFIRMED THE ACCURACY OF THE INFORMATION
characters, as defined, it will be truncated at 750 CONTAINED THEREIN. A STATEMENT TO THIS EFFECT WILL
characters with no notice to the submitting bank and APPEAR ON ANY PUBLIC RELEASE OF THE OPTIONAL STATEMENT
SUBMITTED BY THE MANAGEMENT OF THE REPORTING BANK.
- ---------------------------------------------------------------------------------------------------------------------------
No comment: (RCON 6979) C471 C472[
BANK MANAGEMENT STATEMENT (please type or print clearly)
(TEXT 6980):
In accordance with a ruling by the Office of the Comptroller of the Currency, the Bank is not required to deduct its investment in
First Trust California National Association, First Trust Washington, First Trust Illinois, First Trust Arizona and First Trust
Washington, First Trust Illinois, First Trust Arizona and First Trust of New York National association, unconsolidated Trust
Subsidiaries, from Total Capital. Total Capital as disclosed on schedule RC-R is in conformance with this treatment.
/s/ (ILLEGIBLE) 7/29/96
---------------------------------------- -----------------
Signature of Executive Officer of Bank Date of Signature
</TABLE>
<PAGE> 63
<TABLE>
<S> <C> <C> <C>
FIRST BANK NATIONAL ASSOCIATION Call Date: 06/30/96 ST-BK: 27-4037 FFIEC 031
601 SECOND AVENUE SOUTH Page RC-26
MINNEAPOLIS, MN 55402-1802 VENDOR ID: D CERT: 05199 36
Transit Number: 09100002
</TABLE>
<TABLE>
<S> <C>
THIS PAGE IS TO BE COMPLETED BY ALL BANKS
- ---------------------------------------------------------------------------------------------------------------------------
OMB No. For OCC: 1557-0081
OMB No. For FDIC: 3064-0052
OMB No. For Federal Reserve: 7100-0036
Expiration Date: 03/31/99
SPECIAL REPORT
(Dollar Amounts in Thousands)
CLOSE OF BUSINESS DATE: FDIC Certificate Number:
June 30, 1996 05199 C700[
- ---------------------------------------------------------------------------------------------------------------------------
LOANS TO EXECUTIVE OFFICERS (Complete as of each Call Report Date)
- ---------------------------------------------------------------------------------------------------------------------------
The following information is required by Public Laws 90-44 and 102-242, but does not constitute a part of the Report of
Condition. With each Report of Condition, these Laws require all banks to furnish a report of all loans or other
extensions of credit to its executive officers made since the date of the previous Report of Condition. Data regarding
individual loans or other extensions of credit are not required. If no such loans or other extensions of credit were
made during the period, insert "none" against subitem (a). (Exclude the first $15,000 of indebtedness of each executive
officer under bank credit card plan.) See Sections 215.2 and 215.3 of Title 12 of the Code of Federal Regulations
(Federal Reserve Board Regulation O) for the definitions of "executive officer" and "extension of credit," respectively.
Exclude loans and other extensions of credit to directors and principal shareholders who are not executive officers.
- ---------------------------------------------------------------------------------------------------------------------------
RCFD
a. Number of loans made to executive officers since the previous ----
Call Report date. . . . . . . . . . . . . . . . . . . . . . . . . . . . 3561 2 a.
b. Total dollar amount of above loans (in thousands of dollars) . . . . . . 3562 63 b.
c. Range of interest charged on above loans (example:
9 3/4% = 9.75) . . . . . . . . . . . . . . . . . . . . . . . . . . . 7701/7702 9.25% to 18.00% c.
- ---------------------------------------------------------------------------------------------------------------------------
SIGNATURE AND TITLE OF OFFICER AUTHORIZED TO SIGN REPORT: DATE (Month, Day, Year):
/s/ MERITA D. SCHOLLMEIER
Merita D. Schollmeier, Vice President 7-27-96
- ----------------------------------------------------------------------- ----------------------------------------------
NAME AND TITLE OF PERSON TO WHOM INQUIRIES MAY BE DIRECTED: (TEXT 8903) AREA CODE/PHONE NUMBER/EXTENSION:
(TEXT 8904)
JOE C. PARAY, ACCOUNTANT II 612-973-0917
- ----------------------------------------------------------------------- ----------------------------------------------
FDIC 8040/53 (6-95)
</TABLE>
