<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM T-1/A
STATEMENT OF ELIGIBILITY AND QUALIFICATION
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
SECURITIES ACT OF 1933 FILE NO. 333-07261
CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY
OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) /X/
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FIRSTAR BANK OF MINNESOTA, N.A.
(as Successor in interest to American Bank National Association)
(Exact name of Trustee as specified in its charter)
A National Banking Association 41-0122055
(State of incorporation if not a national bank) (IRS Employer
Identification No.)
101 East Fifth Street
Corporate Trust Department
St. Paul, Minnesota 55101
(Address of principal executive offices) (Zip Code)
FIRSTAR BANK OF MINNESOTA, N.A.
101 East Fifth Street
St. Paul, Minnesota 55101
(612) 229-2600
(Exact name, address, and telephone number of agent for service)
-------------------------------
Mirage Resorts, Incorporated
(Exact name of obligor as specified in its charter)
NEVADA 88-0058016
(State of incorporation or other (IRS Employer Identification Number)
jurisdiction)
3400 Las Vegas Boulevard South
Las Vegas, Nevada 89109
(Address of principal executive offices) (Zip Code)
-------------------------------
___% Senior Notes Due , 2006*
(Title of Indenture securities)
- ----------------
* This Form T-1 relates only to this class of securities.
<PAGE>
Item 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
Treasury Department
Washington, DC
-Federal Deposit Insurance Corporation
Washington, DC
-The Board of Governors of the Federal Reserve System
Washington, DC
(b) The Trustee is authorized to exercise corporate trust powers.
GENERAL
Item 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.
Item 16. LIST OF EXHIBITS. Listed below are all the exhibits filed as a part
of this statement of eligibility and qualification.
Exhibit 1. Copy of Articles of Association of the trustee now in
effect.
Exhibit 2. a. A copy of the certificate of the Comptroller of
Currency dated June 1, 1965, authorizing Firstar
Bank of Minnesota, N.A. to act as fiduciary.
b. A copy of the certificate of authority of the
trustee to commence business issued June 9, 1903, by
the Comptroller of the Currency to Firstar Bank of
Minnesota, N.A.
<PAGE>
Exhibit 3. A copy of the authorization of the trustee to exercise
corporate trust powers issued by the Federal Reserve
Board.
Exhibit 4. Copy of By-laws of the trustee as now in effect.
Exhibit 5. Copy of each Indenture referred to in Item 4. Not
applicable.
Exhibit 6. The consent of the trustee required by Section 321(b) of
the Act.
Exhibit 7. A copy of the latest report of condition of the trustee
published pursuant to law or the requirements of its
supervising or examining authority.
NOTE
The answers to this statement insofar as such answers relate to what
persons have been underwriters for any securities of the obligor 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 obligor, or affiliates, are
based upon information furnished to the Trustee by the obligor. While the
Trustee has no reason to doubt the accuracy of any such information, it
cannot accept any responsibility therefor.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the
Trustee, a national banking 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 15th day of October, 1996.
FIRSTAR BANK OF MINNESOTA, N.A.
[SEAL]
------------------------------------------
Frank P. Leslie III
Vice President
<PAGE>
ARTICLES OF ASSOCIATION
The proposed Articles of Association of the resulting bank appear following
this page.
<PAGE>
FIRSTAR BANK OF MINNESOTA, NATIONAL ASSOCIATION
RESTATED ARTICLES OF ASSOCIATION
FIRST. The Title of this Association, which shall carry on the business
of banking under the laws of the United States, shall be "Firstar Bank of
Minnesota, National Association."
SECOND. The place where the main banking house or office of this
Association shall be located, its operations of discount and deposit carried
on, and its general business conducted, shall be Bloomington, County of
Hennepin, State of Minnesota. The general business of the Association shall
be conducted at its main office and its branches.
THIRD. The Board of Directors of this Association shall consist of such
number of properly qualified persons, not less than five nor more than
twenty-five, as from time to time shall be determined by a majority of the
votes to which all of its shareholders are at the time entitled, provided,
however, that a majority of the full Board of Directors may increase the
number of directors within the limits specified in 12 U.S.C. 71a or other
applicable law and appoint persons to fill the resulting vacancies between
meetings of shareholders. Members of the Board of Directors shall meet the
qualifications of 12 U.S.C. 72 or other applicable law. The increase in
number of directors shall be limited to not more than four directors in any
one year. A majority of the Board of Directors shall be necessary to
constitute a quorum for the transaction of business.
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.
FIFTH. The amount of authorized capital stock of this Association, shall
be Eight Hundred Ninety Three Thousand ($893,000) divided into 178,650 shares
of common stock of the par value of Five Dollars ($5.00) 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.
No holder of any class of stock of this Association shall have any
pre-emptive or preferential right to subscribe for or purchase any of the
unissued shares of the stock of the Association, whether now or hereafter
authorized, or any bonds, certificates of indebtedness, debentures or other
securities convertible into the stock of this Association, or any right of
subscription to any thereof, other than such, if any, as the Board of
Directors in its discretion may from time to time determine.
<PAGE>
If the capital stock is increased by a stock dividend, each shareholder
shall be entitled to his or her proportionate amount of such increase in
accordance with the number of shares of capital stock owned by him or her 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.
SIXTH. The Board of Directors shall appoint one of its members President
of this Association, who shall be Chairman of the Board; but the Board of
Directors may appoint a Director, in lieu of the President, to be Chairman of
the Board, who shall perform such duties as may be designated by the Board of
Directors. The Board of Directors shall have the power to appoint one or more
Vice Presidents, to appoint a Cashier and such other officers as may be
required to transact the business of this Association; to fix the salaries to
be paid to all officers of this Association; and to dismiss such officers, or
any of them.
The Board of Directors shall have the power to define the duties of
officers and employees of this Association, to require bonds from them, and
to fix the penalty thereof, to regulate the manner in which Directors shall
be elected or appointed, and to appoint judges of election; to make all
By-Laws that it may be lawful for them to make 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 it may be lawful for a Board of
Directors to do and perform.
SEVENTH. This Association shall have succession from the date of its
organization certificate until such time as it shall 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.
EIGHTH. The Board of Directors of this Association, or the sole
shareholder 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. These Articles of
Association may be amended at any regular or special meeting of the
shareholders by the affirmative vote of the shareholders owning at least a
majority of the stock of this Association, subject to the provisions of the
banking laws of the United States, provided, however, that
Page 2
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notice of any such meeting shall be given as hereinabove set forth.
Page 3
<PAGE>
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Comptroller of the Currency
Administrator of National Banks
- --------------------------------------------------------------------------------
Central District Office
One Financial Place, Suite 2700
440 South LaSalle Street
Chicago, Illinois 60605
November 6, 1995
Mr. Elliot Berman
Senior Attorney
Firstar Corporation
Law Department
777 East Wisconsin Avenue
Milwaukee, Wisconsin 53202
Re: OCC Control No. 95-CE-12-212
Dear Mr. Berman:
Effective November 6, 1995, your request dated October 23, 1995, to exercise
fiduciary powers has been approved. Your trust permit is enclosed. Trust
activities must begin within 18 months from the effective date of the
approval unless the OCC has granted an extension. Please notify the OCC of
the date the bank begins to exercise fiduciary powers. The OCC has no
objection to John S.C. Leavitt serving as your trust officer. Any management
changes made by the bank before it commences trust business must be reviewed
and approved by the OCC.
National banks are governed in the exercise of their fiduciary powers by 12
CFR 9, a copy of which is enclosed. The officers and staff of your trust
department should become thoroughly familiar with the Regulation.
The board of directors should make provisions for the establishment and
administration of the trust department either through the adoption of
amendments to the bylaws or by appropriate resolutions. You will note that 12
CFR 9.7 places on the Board of Directors responsibility for the proper
exercise of the bank's fiduciary powers, but leaves to that body full
discretion as to whether it shall directly supervise the administration of
all such powers or assign supervisory and/or the administrative duties to
individuals or committees. A director's audit committee must be appointed and
its functions outlined in reasonable detail in the bylaws or resolutions of
the board.
<PAGE>
Mr. Elliot Berman
November 6, 1995
page two
Provision should similarly be made for:
(a) A proper delineation of duties for Trust Officer(s) and committee(s).
(b) The pledging of securities to secure trust funds on deposit in the
bank as required by 12 CFR 9.10(b).
(c) The designation of the officers or employees responsible for custody
of the trust investments in conformity with 12 CFR 9.13(a).
(d) The pledging of securities with state authorities where required by
local law, per 12 CFR 9.14.
Provisions for the establishment and administration of the trust department
may appear in the bylaws or in resolutions of the board, or partly in the
bylaws and partly in resolutions. When those provisions have been adopted, a
copy of them should be furnished to the trust officer(s) for guidance.
Under separate cover, the Communications Division of this Office will mail to
you the COMPTROLLER'S HANDBOOK FOR FIDUCIARY ACTIVITIES.
Sincerely,
/s/ David J. Rogers
- ----------------------
David J. Rogers
National Bank Examiner
Enclosure
<PAGE>
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Comptroller of the Currency
Administrator of National Banks
- --------------------------------------------------------------------------------
Washington, D.C. 20219
TRUST PERMIT
WHEREAS, Firstar Bank of Minnesota, National Association, located in
Bloomington, Minnesota, being a national banking association, organized under
the statutes of the United States, has made application for authority to act
as fiduciary;
AND WHEREAS, applicable provisions of the statutes of the United States
authorize the grant of such authority;
NOW THEREFORE, I hereby certify that the said association is authorized to
act in all fiduciary capacities permitted by such statutes.
IN TESTIMONY WHEREOF, witness my
signature and seal of the OCC this 6th
day of November, 1995.
/s/ David J. Rogers
----------------------------------------
David J. Rogers
National Bank Examiner
Charter No. 16128
<PAGE>
Firstar Bank of Minnesota, N.A.
[LOGO]
To Whom It May Concern:
The attached is a true and complete photocopy of a letter, dated July 1,
1991, from David J. Rogers, acting for Donelle Ward, Director for Analysis,
Comptroller of the Currency, Administrator of National Banks, conveying
official certification for the consolidation of nine separate Firstar banks
in the state of Minnesota into Firstar Shelard Bank, N.A. The certification
also reflects the name change to "Firstar Bank of Minnesota, National
Association" as well as a move of the Bank's head office to 1550 East 79th
Street, Bloomington, Minnesota.
Dated this 20th day of November, 1991.
SEAL
/s/ Jeffrey S. Smith
----------------------------------------
Jeffrey S. Smith
First Vice President and
Secretary to the Board of Directors
<PAGE>
- -------------------------------------------------------------------------------
Comptroller of the Currency
Administrator of National Banks
- -------------------------------------------------------------------------------
Central District
One Financial Place
440 S. LaSalle Suite 2700
Chicago, Illinois 60605
July 1, 1991
Mr. Elliot H. Berman
Senior Attorney
Firstar Corporation
Law Department
777 East Wisconsin Avenue
Milwaukee, Wisconsin 53202
Dear Mr. Berman:
This letter is the official certification of the Comptroller of the Currency
(OCC) for the consolidation of Firstar Shelard Bank, National Association,
St. Louis Park, Minnesota (Charter No. 16128); Firstar Centennial Bank,
Circle Pines, Minnesota (FDIC Certificate No. 19253); Firstar Eagan Bank,
National Association, Eagan, Minnesota (Charter No. 15223); Firstar
Hugo Bank, Hugo, Minnesota (FDIC Certificate No. 8213); Firstar MetroBank,
Bloomington, Minnesota (FDIC Certificate No. 17977); Firstar New Brighton
Bank, New Brighton, Minnesota (FDIC Certificate No. 10210); Firstar Roseville
Bank, Roseville, Minnesota (FDIC Certificate No. 18539); Firstar St. Anthony
Bank, National Association, Minneapolis, Minnesota (Charter No. 16702);
Firstar Stillwater Bank, National Association, Stillwater, Minnesota (Charter
No. 1514); with First Western Bank, St. Louis Park, Minnesota (FDIC
Certificate 17414), under the charter of Firstar Shelard Bank, National
Association with the title of "Firstar Bank of Minnesota, National
Association." It is also understood that the resulting bank will move its
head office to 1550 East 79th Street, Bloomington, Hennepin County, Minnesota.
This letter is also the official authorization of the Comptroller of the
Currency allowing the receiving institution to operate the main offices and
branches of the target banks as branches of the receiving institution. The
locations and branch certificate numbers are detailed on the attached pages.
Finally, this letter constitutes the official OCC certification of approval
for Firstar Bank of Minnesota, National Association to increase its common
stock from $893,250 to $35,730,000 as part of the consolidation effective
July 1, 1991.
<PAGE>
July 1, 1991
Mr. Elliot H. Berman
Senior Attorney
Firstar Corporation
Law Department
Milwaukee, Wisconsin 53202
The shareholders' meetings of the respective banks may be finally adjourned.
Sincerely,
/s/ David J. Rogers
- ---------------------------
Acting for
Donelle Ward
Director for Analysis
Charter No. 16128
<PAGE>
BRANCH CERTIFICATIONS
BRANCH NO. 84819A
POPULAR NAME: Shelard Office
LOCATION: 400 South Highway 169
St. Louis Park, Hennepin County, Minnesota 55426
BRANCH NO. 84820A
POPULAR NAME: Centennial Office
LOCATION: One Commercial Street
Circle Pines, Anoka County, Minnesota 55014
BRANCH NO. 84821A
POPULAR NAME: Eagan Office
LOCATION: 3900 Sibley Memorial Highway
Eagan, Dakota County, Minnesota 55122
BRANCH NO. 20971A
POPULAR NAME: Yankee Square Office
LOCATION: 1420 Yankee Doodle Road
Eagan, Dakota County, Minnesota 55121
BRANCH NO. 84822A
POPULAR NAME: Hugo Office
LOCATION: 14431 Forest Boulevard North
Hugo, Washington County, Minnesota 55038
BRANCH NO. 84828A
POPULAR NAME: Lino Lakes Office
LOCATION: 7984 Lake Drive
Lino Lakes, Anoka County, Minnesota 55014
BRANCH NO. 84829A
POPULAR NAME: Airport Office
LOCATION: Minneapolis-St. Paul International Airport
St. Paul, Ramsey County, Minnesota 55111
BRANCH NO. 84830A
POPULAR NAME: Minneapolis Office
LOCATION: 601 Marquette Avenue
Minneapolis, Hennepin County, Minnesota 55402
<PAGE>
BRANCH CERTIFICATIONS
BRANCH NO. 84831A
POPULAR NAME: Nokomis Office
LOCATION: 4930 34th Avenue South
Minneapolis, Hennepin County, Minnesota 55417
BRANCH NO. 84832A
POPULAR NAME: Plymouth Office
LOCATION: 13605 27th Avenue North
Plymouth, Hennepin County, Minnesota 55411
BRANCH NO. Not Available
POPULAR NAME: Oakridge Office
LOCATION: 6001 Stillwater Boulevard North
Stillwater, Washington County, Minnesota 55082
BRANCH NO. 84827A
POPULAR NAME: St. Louis Park Office
LOCATION: 8800 Highway 7
St. Louis Park, Hennepin County, Minnesota 55426
BRANCH NO. 84839A
POPULAR NAME: Knox Avenue South
LOCATION: 8800 Knox Avenue South
Bloomington, Hennepin County, Minnesota 55431
BRANCH NO. 84840A
POPULAR NAME: Brooklyn Center Office
LOCATION: 6200 Shingle Creek Parkway
Brooklyn Center, Hennepin County, Minnesota 55430
BRANCH NO. 84841A
POPULAR NAME: Greenbrier Office
LOCATION: 11110 Greenbrier Road
Minnetonka, Hennepin County, Minnesota 55343
BRANCH NO. 84842A
POPULAR NAME: Richfield Office
LOCATION: 6500 Nicollet Avenue South
Richfield, Hennepin County, Minnesota 55423
<PAGE>
BRANCH CERTIFICATIONS
BRANCH NO. 84836A
POPULAR NAME: Arden Hills Office
LOCATION: 4061 North Lexington Avenue
Arden Hills, Ramsey County, Minnesota 55126
BRANCH NO. 84837A
POPULAR NAME: Rosedale Office
LOCATION: 349 Rosedale Center
Roseville, Ramsey County, Minnesota 55113
BRANCH NO. 84838A
POPULAR NAME: County Road B Office
LOCATION: 1445 West County Road B
Roseville, Ramsey County, Minnesota 55113
BRANCH NO. 84825A
POPULAR NAME: St. Anthony Office
LOCATION: 2401 Lowry Avenue, N.E.
Minneapolis, Hennepin County, Minnesota 55418
BRANCH NO. Not Available
POPULAR NAME: Andover Office
LOCATION: 3445 Bunker Lake Boulevard
Andover, Anoka County, Minnesota 55304
BRANCH NO. 84826A
POPULAR NAME: Stillwater Office
LOCATION: 213 East Chestnut Street
Stillwater, Washington County, Minnesota 55082
BRANCH NO. 19908A
POPULAR NAME: Lakeland Shores Office
LOCATION: 310 St. Croix Trail, South
Lakeland, Washington County, Minnesota 55043
BRANCH NO. 84833A
POPULAR NAME: St. Paul Office
LOCATION: 146 St. Paul Center, 53 East 6th Street
St. Paul, Ramsey County, Minnesota 55101
<PAGE>
BRANCH CERTIFICATIONS
BRANCH NO. 84823A
POPULAR NAME: New Brighton Office
LOCATION: 2299 Palmer Drive
New Brighton, Ramsey County, Minnesota 55112
BRANCH NO. 84834A
POPULAR NAME: Mounds View Office
LOCATION: 2711 N.E. Highway 10
Mounds View, Ramsey County, Minnesota 55112
BRANCH NO. 84835A
POPULAR NAME: Shoreview Office
LOCATION: 3353 North Rice Street
Shoreview, Ramsey County, Minnesota 55126
BRANCH NO. 84824A
POPULAR NAME: Roseville Office
LOCATION: 2100 North Snelling Avenue
Roseville, Ramsey County, Minnesota 55113
CBCT CERTIFICATIONS
BRANCH NO. 79874C
POPULAR NAME: CBCT
LOCATION: Canterbury Downs Race Track, 1100 Canterbury Road
Shakopee, Scott County, Minnesota 55379
BRANCH NO. 79875C
POPULAR NAME: CBCT
LOCATION: P.O. Box 238
Rogers, Hennepin County, Minnesota 55374
<PAGE>
UPON MOTION MADE BY MR. BERO AND SECONDED BY MR. THEISEN, THE BOARD
UNANIMOUSLY APPROVED THE FOLLOWING RESOLUTION:
RESOLVED, that Richard W. Schoenke is hereby elected chairman of the Board of
Directors of the Association and Jeffrey S. Smith is hereby elected secretary
to the Board of Directors of the Association, each to serve in such position
until the next annual organizational meeting of this Board or until they have
been removed by action of this Board.
UPON MOTION MADE BY MR. HEILICHER AND SECONDED BY MR. MCDONALD, THE BOARD
UNANIMOUSLY APPROVED THE FOLLOWING RESOLUTION:
RESOLVED, that, the bylaws of Firstar Bank of Minnesota, National
Association, attached as Exhibit A, are hereby approved.
<PAGE>
BYLAWS
OF
FIRSTAR BANK OF MINNESOTA, NATIONAL ASSOCIATION
ARTICLE I. SHAREHOLDERS
SECTION 1. ANNUAL MEETING. The annual meeting of the shareholders, for the
purpose of electing directors and for the transaction of such other
business as may come before the meeting, shall be held on the third Wednesday
of March of each year, at 2:00 o'clock in the afternoon, unless some other
hour shall have been designated by the Board of Directors (hereinafter
sometimes referred to as "the Board"). If the election of directors shall not
be held on the date designated herein for any annual meeting of the
shareholders, or at any adjournment thereof, the Board of Directors shall
cause the election to be held at a special meeting of the shareholders as
soon thereafter as conveniently may be.
SECTION 2. SPECIAL MEETINGS. Special meetings of the shareholders for any
purpose or purposes, unless otherwise prescribed by the laws of the United
States or the Articles of Association, may be called by the Chairman of the
Board, the President or the Board of Directors, and shall be called by the
Secretary upon a written request to the Secretary signed by holders of not
less than one-tenth (1/10) of all outstanding shares of the Association
entitled to vote at the meeting.
SECTION 3. PLACE OF MEETING. The Board of Directors may designate any
convenient place as the place of meeting for any annual meeting or for any
special meeting. If no such designation is made, the place of meeting shall
be the main banking office of the Association ("the Office Location"). Any
meeting may be adjourned to reconvene at any convenient place designated by
vote of a majority of the shares represented thereat.
SECTION 4. NOTICES OF MEETING. Unless otherwise provided by the laws of the
United States or the Articles of Association; written notice stating the
place, date and hour of the meeting and, in the case of a special meeting,
the purpose or purposes for which the meeting is called, shall be delivered
not less than ten or more than fifty days before the date of the meeting, by
or at the direction the Chairman of the Board, the President, or the Cashier
or Secretary to each shareholder of record entitled to vote at such meeting.
Such notice shall be deemed to be delivered when deposited in the United
States mail, addressed to the shareholder at said shareholder's address as it
appears on the stock record book of the Association, with postage thereon
prepaid.
<PAGE>
SECTION 5. CLOSING OF TRANSFER BOOKS OR FIXING OF RECORD DATE. For the
purpose of determining shareholders entitled to notice of or to vote at any
meeting of shareholders or any adjournment thereof, or shareholders entitled
to receive payment of any dividend, or in order to make a determination of
shareholders for any other proper purpose, the Board of Directors of the
Association may provide that the stock transfer books shall be closed for a
stated period but not to exceed, in any case, fifty days. If the stock
transfer books shall be closed for the purpose of determining shareholders
entitled to notice of or to vote at a meeting of shareholders, such books
shall be closed for at least ten days immediately preceding such meeting. In
lieu of closing the stock transfer books, the Board of Directors may fix in
advance a date as the record date for any such determination of shareholders
such date in any case to be not more than fifty days and, in case of a
meeting of shareholders, not less than ten days prior to the date on which
the particular action, requiring such determination of shareholders is to be
taken.
If the stock transfer books are not closed and no record date is fixed for
the determination of shareholders entitled to notice of or to vote at a
meeting of shareholders, or shareholders entitled to receive payment of a
dividend, the close of business on the date on which the notice of the
meeting is mailed or on the date on which the resolution of the Board of
Directors declaring such dividend is adopted, as the case may be, shall be the
record date for such determination of shareholders. When a determination of
shareholders entitled to vote at any meeting of shareholders has been made as
provided in this Section, such determination shall be applied to any
adjournment thereof except where the determination has been made through the
closing of the stock transfer books and the stated period of closing has
expired.
SECTION 6. VOTING LISTS. The Cashier shall make, at least ten days before
each meeting of shareholders, a complete list of shareholders entitled to
vote at such meeting, or any adjournment thereof, arranged in alphabetical
order, with the address of and the number of shares held by each which list,
for a period of ten days prior to such meeting, shall be kept on file at the
office of the Association and shall be subject to inspection by any
shareholder at any time during usual business hours. Such list shall also be
produced and kept open at the time and place of the meeting and shall be
subject to the inspection of any shareholder for the duration of the meeting.
The original stock transfer books shall be prima facia evidence with respect
to which shareholders are entitled to examine such list or transfer books or
to vote at any meeting of shareholders. Failure to comply with the requirements
of this Section shall not affect the validity of any action taken at such
meeting.
SECTION 7. NOMINATIONS FOR DIRECTOR. Nominations for election to the Board
of Directors may be made by the Board of Directors or by any stockholder of
any outstanding class of capital stock of the Association entitled to vote
for the election of directors.
<PAGE>
SECTION 8. QUORUM. Except as otherwise provided by law, a majority of the
outstanding shares of the Association entitled to vote, represented in person
or by proxy, shall constitute a quorum at any meeting of shareholders, and a
majority of votes cast at any meeting at which a quorum is present shall be
decisive of any motion or election. Though less than a quorum of the
outstanding shares are represented at a meeting, a majority of the shares so
represented may adjourn the meeting from time to time without further notice.
At such adjourned meeting at which a quorum shall be present or represented,
any business may be transacted which might have been transacted at the
meeting as originally notified.
SECTION 9. PROXIES. At all meetings of shareholders, a shareholder entitled
to vote may vote in person or by proxy appointed in writing by the
shareholder or by his/her duly authorized attorney in fact. Such proxy shall
be filed with the Cashier or Secretary of the Association before or at the
time of the meeting. Unless otherwise provided in the proxy, a proxy may be
revoked at any time before it is voted, either by written notice filed with
the secretary of the meeting or oral notice given by the shareholder to the
presiding officer during the meeting. No proxy shall be valid after eleven
months from the date of its execution, unless otherwise provided in the
proxy. Any person or group of persons including directors or attorneys for
the Bank may be designated to act as proxy but not officers, clerks, tellers,
or bookkeepers of the Association.
SECTION 10. VOTING OF SHARES. Each outstanding share entitled to vote shall
be entitled to one vote upon each matter submitted to a vote at a meeting of
shareholders, except for the election of Directors. In all elections of
Directors each shareholder shall have the right to vote the number of shares
owned by such shareholder for as many persons as there are Directors to be
elected, or to cumulate such shares and give one candidate as many votes as
the number of directors multiplied by the number of such shareholder's shares
shall equal, or to distribute them on the same principle among as many
candidates as such shareholder shall elect.
SECTION 11. VOTING OF SHARES BY CERTAIN SHAREHOLDERS.
(a) OTHER CORPORATIONS. Shares standing in the name of another corporation
may be voted either in person or by proxy, by the president of such
corporation, or any other officer appointed by such president. A proxy
executed by any principle officer of such other corporation or assistant
thereto shall be conclusive evidence of the signer's authority to act, in the
absence of express notice to this Association, given in writing to the
Cashier or Secretary of the designation of some other person by the Board of
Directors or the bylaws of such other corporation.
(b) LEGAL REPRESENTATIVES AND FIDUCIARIES. Shares held by an administrator,
executor, guardian, conservator, trustee in bankruptcy, receiver, or assignee
for creditors ("Representative") may be voted by
<PAGE>
such Representative, either in person or by proxy, without a transfer of such
shares into the name of such Representative, provided that there is filed
with the Cashier or Secretary before or at the time of meeting, proper
evidence of the incumbency of such Representative and the number of shares
held. Shares standing in the name of a fiduciary may be voted by such
fiduciary, either in person or by proxy. A proxy executed by a fiduciary
shall be conclusive evidence of the signer's authority to act, in the
absence of express notice to this Association, given in writing to the
Secretary of this Association, that such manner of voting is expressly
prohibited or otherwise directed by the document creating the fiduciary
relationship.
(c) PLEDGEES. A shareholder whose shares are pledged shall be entitled to
vote such shares until the shares have been transferred into the name of the
pledgee, and thereafter the pledgee shall be entitled to vote the shares so
transferred.
(d) TREASURY STOCK AND SUBSIDIARIES. Neither treasury shares, nor shares
held by another corporation if a majority of the shares entitled to vote for
the election of directors of such other corporation is held by this
Association, shall be voted at any meeting or counted in determining the
total number of outstanding shares entitled to vote, but shares of its own
issue held by such other corporation in a fiduciary capacity, may be voted
and shall be counted in determining the total number of outstanding shares
entitled to vote.
(e) MINORS. Shares held by a minor may be voted by such minor in person or
by proxy and no such vote shall be subject to disaffirmance or avoidance,
unless prior to such vote the Cashier or Secretary of the Association has
received written notice or has actual knowledge that such shareholder is a
minor.
(f) INCOMPETENTS AND SPENDTHRIFTS. Shares held by an incompetent or
spendthrift may be voted by such incompetent or spendthrift in person or by
proxy and no such vote shall be subject to disaffirmance or avoidance, unless
prior to such vote the Cashier of the Association has actual knowledge that
such shareholder has been adjudicated an incompetent or spendthrift or actual
knowledge of filing of judicial proceedings for appointment of a guardian.
(g) JOINT TENANTS. Shares registered in the names of two or more
individuals who are named in the registration as joint tenants may be voted
in person or by proxy signed by any one or more of such individuals if either
(i) no other such individual or such individual's legal representative is
present and claims the right to participate in the voting of such shares or
prior to the vote files with the Cashier of the Association a contrary
written voting authorization or direction or written denial of authority of
the individual present or signing the proxy proposed to be voted or (ii) all
such other individuals are deceased and the Cashier of the Association has no
actual knowledge that the survivor has been adjudicated not to be the
successor to the
<PAGE>
interests of those deceased.
SECTION 12. WAIVER OF NOTICE OF SHAREHOLDERS. Whenever any notice whatever
is required to be given to any shareholder of the Association under the
Articles of Association or Bylaws or any provision of law, a waiver thereof
in writing, signed at any time, whether before or after the time of meeting,
by the shareholder entitled to such notice, shall be deemed equivalent to the
giving of such notice; provided that such waiver in respect to any matter of
which notice is required under any provision of law shall contain the same
information as would have been required to be included in such notice, except
such waiver need not set forth the time and place of meeting.
SECTION 13. CHAIRMAN AND SECRETARY OF MEETING. At each meeting of the
shareholders, the shareholders shall elect a chairman and a secretary of the
meeting, each of whom shall be either an officer or a shareholder of the
Association.
SECTION 14. REPORTS OF MEETINGS. The secretary of the meeting shall cause
the record of each meeting of shareholders to be kept showing the names of
the shareholders present in person and by proxy, the number of shares held by
each and the number of shares voted on each action.
SECTION 15. INFORMAL ACTION BY SHAREHOLDERS. Any action required by any
provision of law, the Articles of Association or these Bylaws to be taken at
a meeting or any other action which may be taken at a meeting, may be taken
without a meeting if a consent in writing setting forth the action so taken
shall be signed by all of the shareholders entitled to vote with respect to the
subject matter thereof.
ARTICLE II. BOARD OF DIRECTORS
SECTION 1. GENERAL POWERS. The Board of Directors shall have the power to
manage and administer the business and affairs of the Association.
SECTION 2. NUMBER, TENURE AND QUALIFICATIONS. The Board of Directors shall
consist of not less than five nor more than twenty-five persons. The number
of Directors to be elected shall be determined by a majority of the votes
cast by the shareholders at the annual meeting or at a special meeting called
for such purpose; provided that the Board may, by a vote of the majority of
its members, increase the number of members of the Board as established by
the shareholders by not more than two members. Each Director shall hold
office until the next annual meeting of shareholders and until his/her
successor shall have been elected, or until his/her death, or until he/she
shall resign by filing his/her written resignation with the Secretary. No
person shall be eligible to be elected or re-elected as a member of the Board
if he/she shall have attained 70 years of age at the date of his/her election.
<PAGE>
SECTION 3. OATH. Each person when initially elected or appointed a member of
the Board of Directors shall take the oath of such office in the form
prescribed by the Comptroller of the Currency. No person elected or appointed
a Director shall exercise the functions of such office until he shall have
taken such oath.
SECTION 4. REGULAR MEETINGS. A regular meeting of the Board of Directors
shall be held, without other notice than this By-law, immediately after and
at the same place as the annual meeting of shareholders for the purpose of
the Directors taking their oaths, organizing the Board, appointing officers
of the Association and transacting such other business as may properly come
before the meeting. Additional regular meetings of the Board shall be held
monthly on such day and at such hour as the Board may provide by resolution,
without other notice than such resolutions. When any regular meeting of the
Board falls upon a holiday, the meeting shall be held on the next business
day unless the Board shall have previously designated another day.
SECTION 5. SPECIAL MEETINGS. Special meetings of the Board of Directors may
be called by or at the request of the Chairman of the Board, if such office
is created, or the President, and shall be called by the Cashier or Secretary
at the request of three or more Directors.
SECTION 6. PLACE OF MEETING. The Board of Directors (or in the case of a
special meeting called at the request of the Chairman of the Board, the
President, or three or more Directors calling such meeting, the officer or
Directors requesting such call) may designate any convenient place as the
place of meeting for any meeting of the Board of Directors. If no such
designation is made, the place of meeting shall be the Official Location of
the Association.
SECTION 7. NOTICE. Notice of any special meeting shall be given by the
Secretary to each Director at least forty-eight (48) hours previous thereto
by orally presenting such notice to a Director personally, directly or by
telephone, or by written notice delivered personally or mailed to a Director
at his/her business address, or by telegram. If mailed, such notice shall be
deemed to be delivered when deposited in the United States mail so addressed
with postage thereon prepaid (air mail postage as to any director whose
address is more than 200 airline miles from the official location of the
Association. If notice is given by telegram, such notice shall be deemed to
be delivered when the telegram is delivered to the telegraph company.
Whenever any notice whatever is required to be under the provisions of the
Articles of Association or under the provisions of any statute, a waiver
thereof in writing, signed at any time, whether before or after the time of
meeting, by the director entitled to such notice, shall be deemed equivalent
to the giving of such notice. The attendance of a Director at a meeting shall
constitute a waiver of notice of such meeting, except where a Director
attends a meeting and objects thereat to the transaction of any business
because the meeting is not lawfully called
<PAGE>
or convened. Neither the business to be transacted at, nor the purpose of,
any regular or special meeting of the Board of Directors need be specified in
the notice or waiver of notice of such meeting.
SECTION 8. QUORUM. A majority of the members of the Board of Directors shall
constitute a quorum for the transaction of business at any meeting of the
Board of Directors, unless the act of a greater number is required by law or
by the Articles of Association of these Bylaws.
SECTION 9. MANNER OF ACTING. The act of the majority of the Directors
present at a meeting at which a quorum is present shall be the act of the
Board of Directors, unless the act of a greater number is required by law or
by the Articles or Association of these Bylaws.
SECTION 10. VACANCIES. Any vacancy occurring in the Board by resignation or
death or by reason of the increase in the number of authorized members of the
Board as provided at Section 2 of this Article II may be filled until the
next succeeding annual election by appointment pursuant to the affirmative
vote of a majority of the Directors then in office at any regular meeting of
the Board, or at a special meeting called for that purpose.
SECTION 11. PRESUMPTION OF ASSENT. A Director of the Association who is
present at a meeting of the Board of directors or a committee thereof at
which action on any corporate matter is taken shall be presumed to have
assented to the action taken unless a dissent shall be entered in the minutes
of the meeting or unless such director shall file a written dissent to such
action with the person acting as secretary of the meeting before the
adjournment thereof or shall forward such dissent by registered mail to the
Cashier or Secretary immediately after the adjournment of the meeting. Such
right to dissent shall not apply to a Director who voted in favor of such
action.
SECTION 12. INFORMAL ACTION BY DIRECTORS. Any action required by any
provision of law, the Articles of Incorporation, or these By-Laws to be taken
at a meeting, or any other action which may be taken at a meeting, may be
taken without a meeting; if a consent in writing setting forth the action so
taken shall be signed by all of the directors entitled to vote with respect
to the subject matter thereof.
ARTICLE III. COMMITTEES
SECTION 1. AUDIT & EXAMINATION COMMITTEE. The Board of Directors shall, at
its regular meeting held immediately following the annual meeting of
shareholders, elect an Audit & Examination Committee consisting of not less
than three members of the Board, none of whom may be officers of the
Association, except where the full Board of Directors comprises the Audit &
Examination Committee. The Board of Directors may also elect one or more of
its members to serve as alternate members of the Audit & Examination
Committee, which alternate member or members of
<PAGE>
the Audit & Examination Committee may be called upon by the Chairman of the
Board to serve in the absence of any of the regular members.
The Audit & Examination Committee shall appoint a chairman, who shall be a
member of such Committee, and a secretary, who need not be a member of such
Committee.
The Audit & Examination Committee shall cause suitable examinations of the
affairs of the Association to be made by auditors responsible only to the
Board of Directors, in order to ascertain whether the Association appears to
be in sound financial condition, and whether adequate internal audit controls
and procedures are maintained. The results of each such examination and any
recommendations relating thereto, together with the results of any
examination made by the examining staff of any governmental regulatory
agency, shall be reviewed by said committee and reported to the Board of
Directors at its regular meeting next following receipt thereof. Such reports
shall be noted in the minutes of the Board of Directors and made a part of
the records of the Association.
SECTION 2. OTHER COMMITTEES. The Board of Directors by resolution may
designate one or more additional committees, each committee to consist of
such number of officers and directors of the Association as may be specified
in such resolution. Each such committee shall have such powers in the
management of the business and affairs of the Association to the extent
provided in said resolution as initially adopted, and as thereafter
supplemented or amended by further resolution adopted by the Board of
Directors, except action in respect to matters requiring action by the
shareholders, Board of Directors, other committee established by or pursuant
to these By-Laws. The Board of Directors may specify one or more alternate
members of any such committee who may take the place of any absent member or
members at any meeting of such committee, upon request by the Chairman of the
board, President or upon request by the chairman of such committee. Each such
committee shall fix its own rules governing the conduct of its activities and
shall report their actions to each regular meeting of the Board of Directors,
which shall approve or disapprove the report and record such action in the
minutes of their meetings.
ARTICLE IV. (RESERVED)
ARTICLE V. OFFICERS AND EMPLOYEES
SECTION 1. NUMBER AND QUALIFICATIONS. The principal officers of the
Association shall be a Chairman of the Board of Directors, if such office is
created, a President, such number of Vice Presidents as may from time to time
be appointed by the Board of Directors, a Cashier, and a Secretary, if such
office is created, each of whom shall be appointed
<PAGE>
by the Board of Directors and such other officers and assistant officers as
may be deemed necessary may be appointed by the Board of Directors. Any two
or more officers may be held by the same person, except the offices of
President and Cashier, the offices of President and Secretary, and the offices
of President and Vice President. The Chairman of the Board of Directors, if
such office is created, and/or the President, shall be a member of the Board
of Directors.
SECTION 2. TERM OF OFFICE. The officers of the Association shall be
appointed annually by the Board of Directors at the first meeting of the Board
of Directors held after each annual meeting of the shareholders. If officers
shall not be appointed at such meeting, they shall be appointed as soon
thereafter as is convenient. Each officer shall hold office until his/her
successor shall have been duly appointed and shall have qualified or until
his/her death or until he shall resign or shall have been removed in the
manner hereinafter provided.
SECTION 3. REMOVAL. Any officer or agent appointed by the Board of
Directors, may be removed by the Board of Directors as the case may be,
whenever in its judgment the best interests of the Association will be served
thereby, but such removal shall be without prejudice to the contract rights,
if any, of the person so removed. Appointment shall not of itself create
contract rights.
SECTION 4. VACANCIES. A vacancy in any principal office because of death,
resignation, removal, disqualification or otherwise shall be filled by the
Board of Directors for the unexpired portion of the term.
SECTION 5. PRINCIPAL EXECUTIVE OFFICER. The principal executive officer of
the Association shall be either the Chairman of the Board of the President of
the Association, as is designated from time to time by the Board of Directors
by resolution duly adopted by a majority of its members at any regular or
Special Meeting. Subject to the control of the Board of Directors such
principal executive officer shall generally supervise and control all of the
business and affairs of the Association.
SECTION 6. CHAIRMAN OF THE BOARD. The Chairman of the Board, if such office
is created, shall, when present, preside at all meetings of the shareholders
and of the Board of Directors. The Chairman of the Board shall perform all
such duties as may be prescribed by the Board of Directors from time to time.
SECTION 7. PRESIDENT. The President shall perform all duties incident to the
office of President and such other duties as may be prescribed by the Board
of Directors from time to time. Unless the Board of Directors otherwise
provides, in the absence of the Chairman of the Board or in the event of
his/her inability or refusal to act, the President shall perform the duties
of the Chairman of the Board, and when so acting shall have all the powers of
and be subject to all the restrictions upon the Chairman of the Board. The
President may sign with the Cashier, Secretary, Assistant Cashier or
Assistant Secretary,
<PAGE>
or any other proper officer of the Association thereunto authorized by the
Board of Directors certificates for shares of the Association.
SECTION 8. VICE PRESIDENT. In the absence of the Chairman of the Board, if
such office is created, and the President or in the event of their inability
or refusal to act, the Vice President (or in the event there be more than one
Vice President, the Vice Presidents in the order designated by resolution of
the Board of Directors, or in the absence of any designation, then in order
of their seniority which from the most senior to the least senior is
Executive Vice President, Senior Vice President, First Vice President and
Vice President, whichever may have been created, and within each class in the
order of their appointment) shall perform the duties of the Chairman of the
Board, if such office is created, and the President (except for presiding at
meetings of the shareholders, of the Board of Directors), and when so acting
shall have all the powers of and be subject to all the restrictions upon the
Chairman of the Board, if such office is created, and the President. Any Vice
President may sign, with the Cashier, Secretary, Assistant Cashier or
Assistant Secretary certificates for shares of the Bank; and shall perform
such other duties as from time to time may be assigned to such office by the
Chairman of the Board, if such office is created, the President, or by the
Board of Directors.
SECTION 9. CASHIER. The Cashier and the Secretary, or either of them, shall
(a) be custodians of the corporate records and of the seal of the Association
and see that the seal of the Association is affixed to all documents the
execution of which on behalf of the Association under its seal is duly
authorized; and (b) sign with the President, or a Vice President,
certificates for shares of the Association, the issuance of which shall have
been authorized by resolution of the Board of Directors. The Cashier shall
have and may exercise any and all other powers and duties pertaining by law,
regulation or practice, to the office of Cashier or imposed by these Bylaws
and shall perform such other duties as from time to time may be assigned to
said office by the Chairman of the Board, President or by the Board of
Directors.
SECTION 10. SECRETARY. The Secretary of the Association shall: (a) keep the
minutes of the shareholders' and of the Board of Directors' meetings in one
or more books provided for that purpose; (b) see that all notices are duly
given in accordance with the provisions of these Bylaws or as required by
law; (c) advise all members of the Board of Directors immediately upon their
election as such; (d) along with the Cashier, or either of them, be
custodians of the corporate records and of the seal of the Association and
see that the seal of the Association is affixed to all documents the
execution of which on behalf of the Association under its seal is duly
authorized; (e) keep a register of the post office address of each
shareholder which shall be furnished to the Secretary by such shareholder;
(f) sign with the President, or a Vice President, certificates for shares of
the Association, the issuance of which shall have been authorized by
resolution of the Board of Directors; (g) have general charge of the stock
transfer books of the
<PAGE>
Association, and (h) in general, perform all duties incident to the office of
corporate secretary, other than those duties specifically designated in these
Bylaws, or by resolutions of the Board of Directors, as duties of the
Cashier. The Secretary shall perform such other duties as from time to time
may be assigned to said office by the Chairman of the Board, the President
or by the Board of Directors.
SECTION 11. ASSISTANTS AND OTHER OFFICERS. The Board of Directors shall
have the power to appoint any person any and all such duties as it shall deem
necessary to carry out the business of the Association. The authority of such
persons shall be limited by these Bylaws, the scope of the appointment, other
actions by the Board of Directors, and applicable law.
ARTICLE VI. CERTIFICATES FOR SHARES AND THEIR TRANSFER
SECTION 1. CERTIFICATES FOR SHARE. Certificates representing shares of the
Association shall be in such form as shall be determined by the Board of
Directors. Such certificates shall be signed by the President or Vice
President and by the Cashier, Assistant Cashier, Secretary or Assistant
Secretary. All certificates for shares shall be consecutively numbered or
otherwise identified. The name and address of the person to whom the shares
represented thereby are issued, with the number of shares and the date of
issue, shall be entered on the stock transfer books of the Association. All
certificates surrendered to the Association for transfer shall be cancelled
and no new certificate shall be issued until the former certificate for a
like number of shares shall have been surrendered and cancelled, except that
in case of a lost, destroyed or mutilated certificate a new one may be
issued therefor upon such terms and indemnity to the Association as the Board
of Directors may prescribe.
SECTION 2. FACSIMILE SIGNATURES AND SEAL. The Seal of the Association on
any certificates for shares maybe a facsimile. The signatures of the
President or Vice President, the Cashier or Assistant Cashier and the
Secretary or Assistant Secretary upon a certificate may be facsimiles if the
certificate is countersigned by a transfer agent, or registered by a
registrar, other than the Association itself or an employee of the
Association.
SECTION 3. SIGNATURE BY FORMER OFFICERS. In case any officer who has signed
or whose facsimile signature has been placed upon any certificate for shares,
shall have ceased to be such officer before such certificate is issued, it
may be issued by the Association with the same effect as if he were such
officer at the date of its issue.
SECTION 4. TRANSFER OF SHARES. Prior to due presentment of a certificate
for shares for registration or transfer the Association may treat the
registered owner of such shares as the person exclusively entitled to vote,
to receive notifications and otherwise to exercise all
<PAGE>
the rights and powers of an owner. Where a certificate for shares is
presented to the Association with a request to register for transfer, the
Association shall not be liable to the owner or any other person suffering
loss as a result of such registration of transfer if (a) there were on the
certificate the necessary endorsements, and (b) the Association had no duty
to inquire into adverse claims or has discharged any such duty. The
Association may require reasonable assurance that said endorsements are
genuine, effective and in compliance with such other regulations as may be
prescribed under the authority of the Board of Directors.
SECTION 5. STOCK REGULATIONS. The Board of Directors shall have the power
and authority to make all such further rules and regulations not inconsistent
with law as it may deem expedient concerning the issue, transfer and
registration of certificates representing shares of the Association.
ARTICLE VII. CONTRACTS
The Board of Directors may authorize any officer or officers, agent or
agents, to enter into any contract, execute and deliver any instrument in the
name of and on behalf of the Association, execute checks, drafts, bills of
exchange, orders, letters of credit and other obligations of the Association,
transmit and receive funds of the Association, direct the transfer of such
funds by others and enter into agreements which authorize others, on terms and
conditions set forth therein, to transmit, receive and direct transfer of
such funds by telegraphic, telephonic, electronic or other means, and such
authorization may be general or confined to specific instances.
ARTICLE VIII. CORPORATE SEAL
The Board of Directors shall provide a corporate seal which shall be circular
in form and shall have inscribed thereon the name of the Association and the
words "Corporate Seal". Such seal shall be substantially in the following
form:
( Impression )
( of )
( Seal )
<PAGE>
ARTICLE IX. INDEMNIFICATION OF DIRECTORS AND OFFICERS
SECTION 1. DEFINITIONS OF TERMS FOR THIS ARTICLE.
(a) "Director or Officer" shall include any person who may have served at
the request of the Association as a director or officer of another
corporation in which the Association owned stock or was a creditor at any
time during the period of said service, and all past, present and future
directors and officers of the Association whether or not so serving at the
time of incurring the expenses or liabilities referred to herein, and their
personal representatives.
(b) "Expenses" shall include, without limiting the generality thereof,
amounts paid or payable as fees of legal counsel and experts.
(c) "Action" means any civil, criminal or administrative action, suit,
proceeding or claim, or threat thereof, in which a director or officer may be
involved as a party or otherwise, by reason of said person having served as
such director or officer or by reason of anything done or omitted by said
person as such director or officer, or alleged to have been so done or
omitted.
(d) "Determination by the Board of Directors" means a determination made by
resolution, upon favorable advice by counsel for the Association, adopted by
the affirmative vote of a majority of a committee consisting of all directors
of the Association then in office, other than those involved in the action,
provided that there are not less than three directors not involved in the
action. If the number of directors not involved in the action is less than
three, such determination shall be deemed to have been made if recommended by
affirmative vote of a majority of the directors of the Association then in
office (whether or not involved in the action) but only to the extent
concurred in by either (i) the affirmative vote of a majority of the
outstanding shares entitled to vote at a meeting of the shareholders called
for that purpose, or (ii) the opinion of independent legal counsel selected
by the Board of Directors.
SECTION 2. MANDATORY INDEMNIFICATION. The Association shall indemnify each
director or officer against all expenses actually and reasonably incurred by
him/her in connection with any action and against all liability to which
he/she is subjected upon disposition of any action, if either (a) final
disposition of such action is made in favor of such director or officer or
(b) he/she is adjudged to be not guilty of gross negligence or misconduct in
the performance of duty to the Association in the matter.
SECTION 3. ASSUMPTION OF DEFENSE AND LIABILITY. If any director or officer,
who is involved in any action for which mandatory
<PAGE>
indemnification might be required under Section 2 in the event of favorable
adjudication thereof, shall make full disclosure to the Board of Directors of
or to counsel for the Association of the pertinent facts not otherwise known
to the Association, and if there shall be made a determination by the Board
of Directors that in its opinion such director or officer was not guilty of
negligence or misconduct in the performance of duty to the Association in the
matter, the Association shall assume or provide at the Association's expense
and risk the defense or settlement thereof on his/her behalf; and in such
event such director or officer shall have no liability to the Association for
any expense, liability or settlement payment incurred by the Association in
the matter.
SECTION 4. INSURANCE. The Association may upon affirmative vote of a
majority of its Board of Directors, purchase commercial insurance for the
benefit of a director or officer against all or any part of the expenses of
actions against such director or officer; and such insurance need not exclude
actions in which such director or officer may thereafter be adjudged guilty
of negligence or misconduct in the performance of duty to the Association.
Such insurance may, but need not, be for the benefit of all directors or
officers.
SECTION 5. FURTHER ASSUMPTION OR SHARING OF EXPENSE AND LIABILITY. If
complete indemnification of expense, liability or settlement payments is not
provided pursuant to Sections 2, 3 and 4 to any director or officer, the
Association may grant such further indemnification in whole or in part as may
be fixed by determination by the Board of Directors upon consideration of the
circumstances of the individual action.
SECTION 6. LIABILITY FOR DETERMINATIONS. The Association and its directors,
officers, employees and agents shall not be liable to anyone for making any
determination as to the existence or absence of liability under any Section 2
through 5 above, or for making or refusing to make any payment thereunder on
the basis of such determination, or for taking or omitting to take any other
action thereunder in reliance upon advice of counsel.
SECTION 7. OTHER RIGHTS. The foregoing indemnification provisions shall be
in addition, and may be claimed without prejudice, to any other rights which
any director, officer, employee or agent may have.
ARTICLE X. EMERGENCY PROVISIONS
SECTION 1. APPLICABILITY. The provisions of this Article shall be of no
effect until the occurrence of a state of emergency resulting in this
Association being unable to continue its normal functions under the direction
of established management and at the location of its main office (in this
Article the foregoing situation is referred to as "Emergency"), which
Emergency may include but shall not be limited to war or warlike disaster.
Upon such occurrence and during the
<PAGE>
continuation of such Emergency:
(a) the provisions of this Article shall become effective forthwith and shall
remain effective without further authorization or declaration, unless
otherwise determined by the Board of Directors or other body exercising the
powers of the Board of Directors as provided in these Bylaws or under any
governmental directives, and
(b) where the provisions of this Article are in conflict with the provisions
of any other By-law or resolution theretofore adopted, the provisions of this
Article shall prevail.
SECTION 2. TEMPORARY OFFICES. Upon the occurrence and during the
continuation of an Emergency sufficiently severe as to prevent this
Association from carrying on its normal banking functions at the location of
its main office, any or all of the business ordinarily conducted at such
location shall be temporarily relocated elsewhere in suitable quarters, which
may be or include but need not be limited to an established branch office of
this Association, as may be designated by the Board of Directors or other
body exercising the powers of the Board of Directors as provided in these
Bylaws or under any governmental directives. Such relocated place of business
shall be within the same municipality as the Official Location, if a suitable
location within such municipality is available. If the business of the
Association is temporarily relocated, the business of the Association shall
be returned to its original or other legally authorized location as soon as
practicable and such temporary place of business shall then be discontinued.
SECTION 3. EMERGENCY EXECUTIVE COMMITTEE. Upon the occurrence and during
the continuance of an emergency sufficiently severe as to prevent the conduct
and management of the affairs and business of this Association by its Board
of Directors and the regularly established committees thereof:
(a) There is hereby created an Emergency Executive Committee, which may
exercise the full powers and authority of the Board of Directors and of any
other regularly established committee of the Board of Directors until the
Board of Directors or other such established committee may be available to
resume exercise of its function.
(b) Such Emergency Executive Committee shall consist of the then available
members of the Board, any three of whom shall constitute a quorum. Whenever
less than three regularly elected directors of this Association shall be
available to serve on Emergency Executive Committee, the place of any absent
director may be taken by any person, designated by a prior resolution of the
shareholders of this Association, to serve as an acting director and member
of the Emergency Executive Committee until not less than three regularly
elected directors of this Association are available to serve.
<PAGE>
EXHIBIT 6
CONSENT
In accordance with Section 321(b) of the Trust Indenture Act of 1939, the
undersigned, Firstar Bank of Minnesota, N. A., 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: October 15, 1996
FIRSTAR BANK OF MINNESOTA, N. A.
________________________________
Frank P. Leslie III
Vice President
<PAGE>
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
Expires March 31, 1999
FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
_______________________________________________________________________________
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[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 OFFICES
ONLY AND TOTAL ASSETS OF $300 MILLION OR MORE--FFIEC 032
REPORT AT THE CLOSE OF BUSINESS JUNE 30, 1996 (960630)
----------
(RCRI9999)
This report is required by law: 12 U.S.C. Section 324 (State member banks);
12 U.S.C. Section 1817 (State nonmember banks); and 12 U.S.C. Section 161
(National banks).
_______________________________________________________________________________
NOTE: The Reports of Condition and Income must be signed by an authorized
officer and the Report of Condition must be attested to by not less than two
directors (trustees) for State nonmember banks and three directors for State
member and National banks.
I, ROBERT P. M. BAKER
_______________________________________________________________________________
Name and Title of Officer Authorized to Sign Report
of the named bank do hereby declare that these Reports of Condition and
Income (including the supporting schedules) have been prepared in conformance
with the instructions issued by the appropriate Federal regulatory authority
and are true to the best of my knowledge and belief.
/s/ Robert P. M. Baker
_______________________________________________________________________________
Signature of Officer Authorized to Sign Report
JULY 21, 1996
_______________________________________________________________________________
Date of Signature
_______________________________________________________________________________
FOR BANKS SUBMITTING HARD COPY REPORT FORMS:
STATE MEMBER BANKS: Return the original and one copy to the appropriate
Federal Reserve District Bank.
STATE NONMEMBER BANKS: Return the original only in the SPECIAL RETURN ADDRESS
ENVELOPE PROVIDED. If express mail is used in lieu of the special return
address envelope, return the original only to the FDIC, c/o Quality Data
Systems, 2127 Espey Court, Suite 204, Crofton, MD 21114.
_______________________________________________________________________________
This report form is to be filed by banks with domestic offices only. Banks
with branches and consolidated subsidiaries in U.S. territories and
possessions, Edge or Agreement subsidiaries, foreign branches, consolidated
foreign subsidiaries, or International Banking Facilities must file FFIEC 031.
_______________________________________________________________________________
The Reports of Condition and Income are to be prepared in accordance with
Federal regulatory authority instructions. NOTE: These instructions may in
some cases differ from generally accepted accounting principles.
We, the undersigned directors (trustees), attest to the correctness of this
Report of Condition (including the supporting schedules) and declare that it
has been examined by us and to the best of our knowledge and belief has been
prepared in conformance with the instructions issued by the appropriate
Federal reguatory authority and is true and correct.
/s/ illegible
_____________________________________________________________________________
Director (Trustee)
/s/ illegible
_____________________________________________________________________________
Director (Trustee)
/s/ illegible
_____________________________________________________________________________
Director (Trustee)
_______________________________________________________________________________
NATIONAL BANKS: Return the original only in the SPECIAL RETURN ADDRESS
ENVELOPE PROVIDED. If express mail is used in lieu of the special return
address envelope, return the original only to the FDIC c/o Quality Data
Systems, 2127 Espey Court, Suite 204, Crofton, MD 21114.
_______________________________________________________________________________
_ _
FDIC Certificate Number 21076 | |
--------- CALL NO. 196 32 06-30-96
RCRI 9050
STBK: 27-5394 00041 STCERT: 27-21076
FIRSTAR BANK OF MINNESOTA, NATIONAL
1550 EAST 79TH STREET
BLOOMINGTON, MN 55425
|_ _|
Board of Governors of the Federal Reserve System, Federal Deposit Insurance
Corporation, Office of the Comptroller of the Currency
<PAGE>
2
Consolidated Reports of Condition and Income for a Bank With Domestic Offices
Only and Total Assets of $300 Million or More
_______________________________________________________________________________
TABLE OF CONTENTS
SIGNATURE PAGE Cover
REPORT OF INCOME
Schedule RI--Income Statement......................................RI-1,2,3
Schedule RI-A--Changes in Equity Capital...............................RI-3
Schedule RI-B--Charge-offs and Recoveries and
Changes in Allowance for Loan and Lease Losses.....................RI-4,5
Schedule RI-C--Applicable Income Taxes by Taxing Authority.............RI-5
Schedule RI-E--Explanations..........................................RI-5,6
REPORT OF CONDITION
Schedule RC--Balance Sheet...........................................RC-1,2
Schedule RC-A--Cash and Balances Due
From Depository Institutions ........................................RC-3
Schedule RC-B--Securities .........................................RC-3,4,5
Schedule RC-C--Loans and Lease Financing Receivables:
Part I. Loans and Leases.............................................RC-6,7
Part II. Loans to Small Businesses
and Small Farms (included in the forms for
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
Schedule RC-F-- Other Assets..........................................RC-11
Schedule RC-G--Other Liabilities......................................RC-11
Schedule RC-K--Quarterly Averages.....................................RC-12
Schedule RC-L--Off-Balance Sheet Items..........................RC-13,14,15
Schedule RC-M--Memoranda...........................................RC-16,17
Schedule RC-N--Past Due and Nonaccrual
Loans, Leases, and Other Assets................................RC-18,19
Schedule RC-O--Other Data for Deposit
Insurance Assessments..........................................RC-20,21
Schedule RC-R--Regulatory Capital..................................RC-22,23
Optional Narrative Statement Concerning the Amounts
Reported in the Reports of Condition and Income...................RC-24
Special Report (TO BE COMPLETED BY ALL BANKS)
Schedule RC-J--Repricing Opportunities (sent only to and to be completed only
by savings banks)
DISCLOSURE OF ESTIMATED BURDEN
The estimated average burden associated with this information collection is
32.2 hours per respondent and is estimated to vary from 15 to 230 hours per
response, depending on individual circumstances. Burden estimates include the
time for reviewing instructions, gathering and maintaining data in the
required form, and completing the information collection, but exclude the
time for compiling and maintaining business records in the normal course of a
respondent's activities. Comments concerning the accuracy of this burden
estimate and suggestions for reducing this burden should be directed to the
Office of Information and Regulatory Affairs, Office of Management and
Budget, Washington, D.C. 20503, and to one of the following:
Secretary
Board of Governors of the Federal Reserve System
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.
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RI-1
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</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>
------
I380 < -
-----------------------
Dollar Amounts in Thousands RIAD Bil Mil Thou
- ------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Interest income: //////////////////////
a. Interest and fee income on loans: //////////////////////
(1) Loans secured by real estate.....................................................4011 53,383 1.a.(1)
(2) Loans to finance agricultural production and other loans to farmers..............4024 0 1.a.(2)
(3) Commercial and industrial loans..................................................4012 10,321 1.a.(3)
(4) Loans to individuals for household, family, and other personal expenditures: //////////////////////
(a) Credit cards and related plans...............................................4054 950 1.a.(4)(a)
(b) Other........................................................................4055 8,731 1.a.(4)(b)
(5) Loans to foreign governmants and official institutions...........................4056 0 1.a.(5)
(6) Obligations (other than securities and leases) of states and political //////////////////////
subdivisions in the U.S.: //////////////////////
(a) Taxable obligations..........................................................4503 0 1.a.(6)(a)
(b) Tax-exempt obligations.......................................................4504 275 1.a.(6)(b)
(7) All other loans..................................................................4058 468 1.a.(7)
b. Income from lease financing receivables: //////////////////////
(1) Taxable leases...................................................................4505 19 1.b.(1)
(2) Tax-exempt leases................................................................4307 0 1.b.(2)
c. Interest income on balances due from depository institutions(1).......................4115 23 1.c.
d. Interest and divided income on securities: //////////////////////
(1) U.S. Treasury securities and U.S. Government agency and corporation obligations...4027 8,509 1.d.(1)
(2) Securities issued by states and political subdivisions in the U.S.: //////////////////////
(a) Taxable securities...........................................................4506 0 1.d.(2)(a)
(b) Tax-exempt securities........................................................4507 3,491 1.d.(2)(b)
(3) Other domestic debt securities....................................................3657 46 1.d.(3)
(4) Foreign debt securities...........................................................3658 14 1.d.(4)
(5) Equity securities (including investments in mutual funds).........................3659 1,047 1.d.(5)
e. Interest income from trading assets...................................................4069 0 1.e.
f. Interest income on federal funds sold and securities purchased under agreements
to resell.........................................................................4020 0 1.f.
g. Total interest income (sum of items 1.a through 1.f)..................................4107 87,277 1.g.
----------------------
- ------------
(1) Includes interest income on time certificates of deposit not held for
trading.
</TABLE>
3
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RI-2
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
SCHEDULE RI--CONTINUED
<TABLE>
<CAPTION>
--------------
Year-to-date
----------------------
Dollar Amounts in Thousands RIA D Bil Mil Thou
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C>
2. Interest expense: /////////////////////
a. Interest on deposits: /////////////////////
(1) Transaction accounts (NOW accounts, ATS accounts, and /////////////////////
telephone and preauthorized transfer accounts).................4508 785 2.a.(1)
(2) Nontransaction accounts: /////////////////////
(a) Money market deposit accounts (MMDAs)......................4509 4,493 2.a.(2)(a)
(b) Other savings deposits.....................................4511 1,118 2.a.(2)(b)
(c) Time certificates of deposit of $100,000 or more...........4174 2,906 2.a.(2)(c)
(d) All other time deposits....................................4512 19,703 2.a.(2)(d)
b. Expense of federal funds purchased and securities sold under /////////////////////
agreements to repurchase...........................................4180 5,492 2.b.
c. Interest on demand notes issued to the U.S. Treasury, trading /////////////////////
liabilities, and other borrowed money..............................4185 10,140 2.c.
d. Interest on mortgage indebtedness and obligations under capitalized/////////////////////
leases.............................................................4072 19 2.d.
e. Interest on subordinated notes and debentures......................4200 0 2.e.
f. Total interest expense (sum of items 2.a through 2.e)..............4073 44,656 2.f.
3. Net interest income (item 1.g minus 2.f)..............................///////////////////// RIAD 4074 42,621 3.
4. Provisions: /////////////////////
a. Provision for loan and lease losses................................///////////////////// RIAD 4230 774 4.a.
b. Provision for allocated transfer risk..............................///////////////////// RIAD 4243 0 4.b.
5. Noninterest income: /////////////////////
a. Income from fiduciary activities...................................4070 570 5.a.
b. Service charges on deposit accounts................................4080 4,541 5.b.
c. Trading revenue (must equal Schedule RI, sum of Memorandum /////////////////////
items 8.a through 8.d).............................................A220 0 5.c.
d. Other foreign transaction gains (losses)...........................4076 0 5.d.
e. Not applicable /////////////////////
f. Other noninterest income: /////////////////////
(1) Other fee income...............................................5407 2,645 5.f.(1)
(2) All other noninterest income*..................................5408 766 5.f.(2)
g. Total noninterest income (sum of items 5.a through 5.f)............///////////////////// RIAD 4079 8,522 5.g.
6. a. Realized gains (losses) on held-to-maturity securities.............///////////////////// RIAD 3521 32 6.a.
b. Realized gains (losses) on available-for-sale securities...........///////////////////// RIAD 3196 0 6.b.
7. Noninterest expense: /////////////////////
a. Salaries and employee benefits.....................................4135 14,165 7.a.
b. Expenses of premises and fixed assets (net of rental income) /////////////////////
(excluding salaries and employee benefits and mortgage interest)...4217 6,474 7.b.
c. Other noninterest expense*.........................................4092 13,661 7.c.
d. Total noninterest expense (sum of items 7.a through 7.c)...........///////////////////// RIAD 4093 34,300 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.b, and 7.d) ///////////////////// RIAD 4301 16,101 8.
9. Applicable income taxes (on item 8)...................................///////////////////// RIAD 4302 6,676 9.
10. Income (loss) before extraordinary items and other adjustments /////////////////////
(item 8 minus 9)......................................................///////////////////// RIAD 4300 9,425 10.
11. Extraordinary items and other adjustments: /////////////////////
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).............................................///////////////////// RIAD 4320 0 11.c.
12. Net income (loss) (sum of items 10 and 11.c)..........................///////////////////// RIAD 4340 9,425 12.
- --------------
*Describe on Schedule RI-E--Explanations.
</TABLE>
4
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RI-3
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
SCHEDULE RI--CONTINUED
<TABLE>
<CAPTION>
---------
I381 < -
------------------
Memoranda Year-to-date
-----------------------
Dollar Amounts in Thousands RIAD Bil Mil Thou
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1. Interest expense incurred to carry tax-exempt securities, loans, and leases acquired after //////////////////
August 7, 1986, that is not deductible for federal income tax purposes . . . . . . . . . . . 4513 94 M.1.
2. Income from the sale and servicing of mutual funds and annuities (included in //////////////////
Schedule RI, item 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8431 605 M.2.
3. Not applicable //////////////////
4. Number of full-time equivalent employees on payroll at end of current period (round to //// Number
nearest whole number). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4150 579 M.4.
5.-6. Not applicable //////////////////
7. If the reporting bank has restated its balance sheet as a result of applying push down //// MM DD YY
accounting this calendar year, report the date of the bank's acquisition . . . . . . . . . . 9106 00/00/00 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 SCHEDULE RI, ITEM 5.c): //////////////////
a. Interest rate exposures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8757 0 M.8.a.
b. Foreign exchange exposures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8758 0 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 (27) M.9.a.
b. Net (increase) decrease to interest expense . . . . . . . . . . . . . . . . . . . . . . . 8762 0 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.
----------------------
SCHEDULE RI-A--CHANGES IN EQUITY CAPITAL
Indicate decreases and losses in parentheses.
---------
I383 < -
-----------------------
Dollar Amounts in Thousands RIAD Bil Mil Thou
- --------------------------------------------------------------------------------------------------------------------------
1. Total equity capital originally reported in the December 31, 1995, Reports of Condition //////////////////
and Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3215 208,910 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 208,910 3.
4. Net income (loss) (must equal Schedule RI, item 12). . . . . . . . . . . . . . . . . . . . . 4340 9,425 4.
5. Sale, conversion, acquisition, or retirement of capital stock, net . . . . . . . . . . . . . 4346 0 5.
6. Changes incident to business combinations, net . . . . . . . . . . . . . . . . . . . . . . . 4356 1,319 6.
7. LESS: Cash dividends declared on preferred stock . . . . . . . . . . . . . . . . . . . . . . 4470 0 7.
8. LESS: Cash dividends declared on common stock. . . . . . . . . . . . . . . . . . . . . . . . 4460 14,000 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 (2,047) 11.
12. Other transactions with parent holding company* (not included in items 5, 7, or 8 above) . . 4415 11,866 12.
13. Total equity capital end of current period (sum of items 3 through 12) (must equal //////////////////
Schedule RC, item 28). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3210 215,473 13.
-----------------------
____________
*Describe on Schedule RI-E--Explanations.
</TABLE>
5
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RI-4
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
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
<TABLE>
<CAPTION>
---------
PART I EXCLUDES CHARGE-OFFS AND RECOVERIES THROUGH I386 < -
----------------------------------------
THE ALLOCATED TRANSFER RISK RESERVE. (Column A) (Column B)
Charge-offs Recoveries
----------------------------------------
Calendar year-to-date
----------------------------------------
Dollar Amounts in Thousands RIAD Bil Mil Thou RIAD Bil Mil Thou
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Loans secured by real estate: ////////////////// //////////////////
a. To U.S. addressees (domicile) . . . . . . . . . . . . . . . . . . . . . . 4651 224 4661 300 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 1 4665 0 3.
4. Commercial and industrial loans: ////////////////// //////////////////
a. To U.S. addressees (domicile) . . . . . . . . . . . . . . . . . . . . . . 4645 198 4617 276 4.a.
b. To non-U.S. addressees (domicile) . . . . . . . . . . . . . . . . . . . . 4646 0 4618 0 4.b.
5. Loans to individuals for household, family, and other personal ////////////////// //////////////////
expenditures: ////////////////// //////////////////
a. Credit cards and related plans. . . . . . . . . . . . . . . . . . . . . . 4656 199 4666 57 5.a.
b. Other (includes single payment, installment, and all student ////////////////// //////////////////
loans). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4657 556 4667 529 5.b.
6. Loans to foreign governments and official institutions . . . . . . . . . . . 4643 0 4627 0 6.
7. All other loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4644 47 4628 32 7.
8. Lease financing receivables: ////////////////// //////////////////
a. Of U.S. addressees (domicile) . . . . . . . . . . . . . . . . . . . . . . 4658 0 4668 0 8.a.
b. Of non-U.S. addressees (domicile) . . . . . . . . . . . . . . . . . . . . 4659 0 4669 0 8.b.
9. Total (sum of items 1 through 8) . . . . . . . . . . . . . . . . . . . . . . 4635 1,225 4605 1,194 9.
----------------------------------------
----------------------------------------
(Column A) (Column B)
Charge-offs Recoveries
----------------------------------------
Calendar year-to-date
Memoranda ----------------------------------------
Dollar Amounts in Thousands RIAD Bil Mil Thou RIAD Bil Mil Thou
- --------------------------------------------------------------------------------------------------------------------------
1.- 3. Not applicable. ////////////////// //////////////////
4. Loans to finance commercial real estate, construction, and land ////////////////// //////////////////
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 (sum of Memorandum items 5.a ////////////////// //////////////////
through 5.e must equal sum of Schedule RI-B, part I, items 1.a ////////////////// //////////////////
and 1.b, above): ////////////////// //////////////////
a. Construction and land development . . . . . . . . . . . . . . . . . . . . 3582 0 3583 3 M.5.a.
b. Secured by farmland . . . . . . . . . . . . . . . . . . . . . . . . . . . 3584 0 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 20 5412 0 M.5.c.(1)
(2) All other loans secured by 1-4 family residential properties. . . . . 5413 204 5414 102 M.5.c.(2)
d. Secured by multifamily (5 or more) residential properties . . . . . . . . 3588 0 3589 11 M.5.d.
e. Secured by nonfarm nonresidential properties. . . . . . . . . . . . . . . 3590 0 3591 184 M.5.e.
----------------------------------------
</TABLE>
6
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RI-5
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
SCHEDULE RI-B--CONTINUED
PART II. CHANGES IN ALLOWANCE FOR LOAN AND LEASE LOSSES
<TABLE>
<CAPTION>
-----------------------------
Dollar Amounts in Thousands RIAD Bil Mil Thou
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1. Balance originally reported in the December 31,
1995, Reports of Condition and Income............... 3124 23,978 1.
2. Recoveries (must equal part I, item 9, column B
above).............................................. 4605 1,194 2.
3. LESS: Charge-offs (must equal part I, item 9,
column A above)..................................... 4635 1,225 3.
4. Provision for loan and lease losses (must equal
Schedule RI, item 4.a).............................. 4230 774 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 24,721 6.
------------------------------
- ------------
*Describe on Schedule RI-E--Explanations.
SCHEDULE RI-C--APPLICABLE INCOME TAXES BY TAXING AUTHORITY
SCHEDULE RI-C IS TO BE REPORTED WITH THE DECEMBER REPORT OF INCOME.
-----------------------------
Dollar Amounts in Thousands RIAD Bil Mil Thou
- ------------------------------------------------------------------------------------------------------------------------------
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.
5. Deferred portion of item 4.......................... RIAD 4772 N/A ///////////////////////////// 5.
------------------------------
SCHEDULE RI-E--EXPLANATIONS
SCHEDULE RI-E IS TO BE COMPLETED EACH QUARTER ON A CALENDAR YEAR-TO-DATE BASIS.
Detail all adjustments in Schedule 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.)
-----------------------------
Dollar Amounts in Thousands RIAD Bil Mil Thou
- ------------------------------------------------------------------------------------------------------------------------------
1. All other noninterest income (from Schedule RI,
item 5.f. (2)) /////////////////////////////
Report amounts that exceed 10% of Schedule RI,
item 5.f. (2): /////////////////////////////
a. Net gains on other real estate owned............. 5415 154 1.a.
b. Net gains on sales of loans...................... 5416 352 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): /////////////////////////////
d. TEXT 4461 Increase in Cash Surrender Value Life Insurance 4461 92 1.d.
e. TEXT 4462 4462 1.e.
f. TEXT 4463 4463 1.f.
------------------------------
</TABLE>
7
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RI-6
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
SCHEDULE RI-E--CONTINUED
<TABLE>
<CAPTION>
-------------------
Year-to-date
-----------------------------
Dollar Amounts in Thousands RIAD Bil Mil Thou
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
2. Other noninterest expense (from Schedule RI, item 7.c): ///////////////////////////
a. Amortization expense of intangible assets........ 4531 1,589 2.a.
Report amounts that exceed 10% of Schedule RI, item 7.c: ///////////////////////////
b. Net losses on other real estate owned............ 5418 0 2.b.
c. Net losses on sales of loans..................... 5419 0 2.c.
d. Net losses on sales of premises and fixed assets. 5420 0 2.d.
Itemize and describe the three largest other amounts that exceed 10% of Schedule RI, ///////////////////////////
item 7.c: ///////////////////////////
-------------
e. TEXT 4464 Data Processing 4464 2,889 2.e.
------------- --------------------------------------------------------------------------
f. TEXT 4467 4467 2.f.
------------- --------------------------------------------------------------------------
g. TEXT 4468 4468 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): ///////////////////////////
----------
a. (1) TEXT 4469 4469 3.a.(1)
------------------------------------------------------------------------------------
(2) Applicable income tax effect RIAD 4486 /////////////////////////// 3.a.(2)
-----------------------
----------
b. (1) TEXT 4487 4487 3.b.(1)
------------------------------------------------------------------------------------
(2) Applicable income tax effect RIAD 4488 /////////////////////////// 3.b.(2)
-----------------------
----------
c. (1) TEXT 4489 4489 3.c.(1)
------------------------------------------------------------------------------------
(2) Applicable income tax effect RIAD 4491 /////////////////////////// 3.c.(2)
-----------------------
4. Equity capital adjustments from amended Reports of Income (from Schedule RI-A, item 2) ///////////////////////////
(itemize and describe all adjustments): ///////////////////////////
-----------
a. TEXT 4492 4492 4.a.
----------- ---------------------------------------------------------------------------
b. TEXT 4493 4493 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): ///////////////////////////
-----------
a. TEXT 4494 4494 5.a.
----------- ---------------------------------------------------------------------------
b. TEXT 4495 4495 5.b.
----------- ---------------------------------------------------------------------------
6. Corrections of material accounting errors from prior years (from Schedule RI-A, item 10) ///////////////////////////
(itemized and describe all corrections): ///////////////////////////
-----------
a. TEXT 4496 4496 6.a.
----------- ---------------------------------------------------------------------------
b. TEXT 4497 4497 6.b.
----------- ---------------------------------------------------------------------------
7. Other transactions with parent holding company (from Schedule RI-A, item 12) ///////////////////////////
(itemize and describe all such transactions): ///////////////////////////
-----------
a. TEXT 4498 PUSH DOWN OF PURCHASE ACCOUNTING TRANSACTIONS 4498 11,866 7.a.
----------- ---------------------------------------------------------------------------
b. TEXT 4499 4499 7.b.
----------- ---------------------------------------------------------------------------
8. Adjustments to allowance for loan and lease losses (from Schedule RI-B, part II, item 5) ///////////////////////////
(itemize and describe all adjustments): ///////////////////////////
-----------
a. TEXT 4521 4521 8.a.
----------- ---------------------------------------------------------------------------
b. TEXT 4522 4522 8.b.
----------- --------------------------------------------------------------------------- ---------------------------
9. Other explanations (the space below is provided for the bank to briefly describe, at its I398 I399
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>
8
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-1
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</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>
--------
C300 < -
------------------
Dollar Amounts in Thousands RCON Bil Mil Thou
- ---------------------------------------------------------------------------------------- ------------------
<S> <C> <C>
ASSETS /////////////////
1. Cash and balances due from depository institutions (from Schedule RC-A): /////////////////
a. Noninterest-bearing balances and currency and coin(1).......................... 0081 73,248 1.a.
b. Interest-bearing balances(2)................................................... 0071 976 1.b.
2. Securities: /////////////////
a. Held-to-maturity securities (from Schedule RC-B, column A)..................... 1754 264,186 2.a.
b. Available-for-sale securities (from Schedule RC-B, column D)................... 1773 155,656 2.b.
3. Federal funds sold and securities purchased under agreements to resell: /////////////////
a. Federal funds sold............................................................. 0276 0 3.a.
b. Securities purchased under agreements to resell................................ 0277 0 3.b.
4. Loans and lease financing receivables: /////////////////
--------------------
a. Loans and leases, net of unearned income (from Schedule RC-C) RCON 2122 1,863,919 ///////////////// 4.a.
b. LESS: Allowance for loan and lease losses.................... RCON 3123 24,721 ///////////////// 4.b.
c. LESS: Allocated transfer risk reserve........................ RCON 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 1,839,198 4.d.
5. Trading assets (from Schedule RC-D)................................................ 3545 0 5.
6. Premises and fixed assets (including capitalized leases)........................... 2145 25,384 6.
7. Other real estate owned (from Schedule RC-M)....................................... 2150 442 7.
8. Investments in unconsolidated subsidiaries and associated companies
(from Schedule RC-M)............................................................... 2130 0 8.
9. Customers' liability to this bank on acceptances outstanding....................... 2155 0 9.
10. Intangible assets (from Schedule RC-M)............................................. 2143 35,236 10.
11. Other assets (from Schedule RC-F).................................................. 2160 31,902 11.
12. Total assets (sum of items 1 through 11)........................................... 2170 2,426,228 12.
- --------------
(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
</TABLE>
9
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-2
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
SCHEDULE RC--CONTINUED
<TABLE>
<CAPTION>
------------------
Dollar Amounts in Thousands RCON Bil Mil Thou
- ---------------------------------------------------------------------------------------- ------------------
<S> <C> <C>
LIABILITIES /////////////////
13. Deposits: /////////////////
a. In domestic offices (sum of totals of columns A and C from Schedule RC-E)...... 2200 1,527,023 13.a.
-------------------------
(1) Noninterest-bearing(1)........................... RCON 6631 209,990 ///////////////// 13.a.(1)
(2) Interest-bearing................................. RCON 6636 1,317,033 ///////////////// 13.a.(2)
-------------------------
b. In foreign offices, Edge and Agreement subsidiaries, and IBFs.................. /////////////////
(1) Noninterest-bearing........................................................ /////////////////
(2) Interest-bearing........................................................... /////////////////
14. Federal funds purchased and securities sold under agreements to repurchase: /////////////////
a. Federal funds purchased........................................................ 0278 315,564 14.a.
b. Securities sold under agreements to repurchase................................. 0279 0 14.b.
15. a. Demand notes issued to the U.S. Treasury....................................... 2840 0 15.a.
b. Trading liabilities (from Schedule RC-D)....................................... 3548 0 15.b.
16. Other borrowed money: /////////////////
a. WITH A REMAINING MATURITY OF ONE YEAR OR LESS.................................. 2332 49,719 16.a.
b. WITH A REMAINING MATURITY OF MORE THAN ONE YEAR................................ 2333 289,500 16.b.
17. Mortgage indebtedness and obligations under capitalized leases..................... 2910 339 17.
18. Bank's liability on acceptances executed and outstanding........................... 2920 0 18.
19. Subordinated notes and debentures.................................................. 3200 0 19.
20. Other liabilities (from Schedule RC-G)............................................. 2930 28,610 20.
21. Total liabilities (sum of items 13 through 20)..................................... 2948 2,210,755 21.
/////////////////
22. Limited-life preferred stock and related surplus................................... 3282 0 22.
EQUITY CAPITAL /////////////////
23. Perpetual preferred stock and related surplus...................................... 3838 0 23.
24. Common stock....................................................................... 3230 35,730 24.
25. Surplus (exclude all surplus related to preferred stock)........................... 3839 116,551 25.
26. a. Undivided profits and capital reserves......................................... 3632 63,021 26.a.
b. Net unrealized holding gains (losses) on available-for-sale securities......... 8434 171 26.b.
27. Cumulative foreign currency translation adjustments................................ /////////////////
28. Total equity capital (sum of items 23 through 27).................................. 3210 215,473 28.
29. Total liabilities, limited-life preferred stock, and equity capital /////////////////
(sum of items 21, 22, and 28)...................................................... 3300 2,426,228 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 Number
describes the most comprehensive level of auditing work performed for the bank ------------------
by independent external auditors as of any date during 1995......................... RCON 6724 N/A M.1.
------------------
1 = Independent audit of the bank conducted in accordance
with generally accepted auditing standards by a certified
public accounting firm which submits a report on the bank
2 = Independent audit of the bank's parent holding company
conducted in accordance with generally accepted audit-
ing standards by a certified public accounting firm which
submits a report on the consolidated holding company
(but not on the bank separately)
3 = Directors' examination of the bank conducted in accor-
dance with generally accepted auditing standards by a
certified public accounting firm (may be required by state
chartering authority)
4 = Directors' examination of the bank performed by other ex-
ternal auditors (may be required by state chartering
authority)
5 = Review of the bank's financial statements by external
auditors
6 = Compilation of the bank's financial statements by external
auditors
7 = Other audit procedures (excluding tax preparation work)
8 = No external audit work
- ----------------
(1) Includes total demand deposits and noninterest-bearing time and savings deposits.
</TABLE>
10
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-3
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
SCHEDULE RC-A--CASH AND BALANCES DUE FROM DEPOSITORY INSTITUTIONS
Exclude assets held for trading.
<TABLE>
<CAPTION>
--------
C305 < -
--------------------
Dollar Amounts in Thousands RCON Bil Mil Thou
- ------------------------------------------------------------------------------------------------ ----------------------
<S> <C> <C>
1. Cash items in process of collection, unposted debits, and currency and coin: /////////////////////
a. Cash items in process of collection and unposted debits.................................... 0020 21,427 1.a.
b. Currency and coin.......................................................................... 0080 8,291 1.b.
2. Balances due from depository institutions in the U.S.: /////////////////////
a. U.S. branches and agencies of foreign banks................................................ 0083 0 2.a.
b. Other commercial banks in the U.S. and other depository institutions in the U.S. .......... 0085 20,941 2.b.
3. Balances due from banks in foreign countries and foreign central banks: /////////////////////
a. Foreign branches of other U.S. banks....................................................... 0073 0 3.a.
b. Other banks in foreign countries and foreign central banks................................. 0074 0 3.b.
4. Balances due from Federal Reserve Banks....................................................... 0090 23,565 4.
5. Total (sum of items 1 through 4) (must equal Schedule RC, sum of items 1.a and 1.b)........... 0010 74,224 5.
----------------------
Memorandum
Dollar Amounts in Thousands RCON Bil Mil Thou
- ------------------------------------------------------------------------------------------------ ----------------------
1. Noninterest-bearing balances due from commercial banks in the U.S. (included in items 2.a and ////////////////////
2.b above).................................................................................... 0050 19,966 M.1.
----------------------
SCHEDULE RC-B--SECURITIES
Exclude assets held for trading.
------------
C310 < -
- ------------------------------------------------------------------------------------------------ ---------------------
Held-to-maturity Available-for-sale
--------------------------------------- --------------------------------------
(Column A) (Column B) (Column C) (Column D)
Amortized Cost Fair Value Amortized Cost Fair Value(1)
------------------- ------------------- ------------------- ------------------
Dollar Amounts in Thousands RCON Bil Mil Thou RCON Bil Mil Thou RCON Bil Mil Thou RCON Bil Mil Thou
- --------------------------------------- ------------------- ------------------- ------------------- ------------------
1. U.S. Treasury securities .......... 0211 0 0213 0 1286 123,387 1287 123,694 1.
2. U.S. Government agency ///////////////// ///////////////// ///////////////// /////////////////
and corporation obligations ///////////////// ///////////////// ///////////////// /////////////////
(exclude mortgage-backed ///////////////// ///////////////// ///////////////// /////////////////
securities): ///////////////// ///////////////// ///////////////// /////////////////
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 0 1298 0 2.b.
------------------- ------------------- ------------------- ------------------
- ----------
(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.
</TABLE>
11
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-4
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
SCHEDULE RC-B--CONTINUED
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------ ---------------------
Held-to-maturity Available-for-sale
--------------------------------------- --------------------------------------
(Column A) (Column B) (Column C) (Column D)
Amortized Cost Fair Value Amortized Cost Fair Value(1)
------------------- ------------------- ------------------- ------------------
Dollar Amounts in Thousands RCON Bil Mil Thou RCON Bil Mil Thou RCON Bil Mil Thou RCON Bil Mil Thou
- --------------------------------------- ------------------- ------------------- ------------------- ------------------
<S> <C> <C> <C> <C>
3. Securities issued by states and ///////////////// ///////////////// ///////////////// /////////////////
political subdivisions in the U.S.: ///////////////// ///////////////// ///////////////// /////////////////
a. General obligations.............. 1676 139,318 1677 139,212 1678 0 1679 0 3.a.
b. Revenue obligations.............. 1681 1,670 1686 1,714 1690 0 1691 0 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 90,100 1699 90,894 1701 0 1702 0 4.a.(1)
(2) Issued by FNMA and FHLMC..... 1703 20,749 1705 21,447 1706 0 1707 0 4.a.(2)
(3) Other pass-through ///////////////// ///////////////// ///////////////// /////////////////
securities................... 1709 0 1710 0 1711 0 1713 0 4.a.(3)
b. Other mortgage-backed ///////////////// ///////////////// ///////////////// /////////////////
securities (include CMOs, REMICs, ///////////////// ///////////////// ///////////////// /////////////////
and stripped MBS): ///////////////// ///////////////// ///////////////// /////////////////
(1) Issued or guaranteed by ///////////////// ///////////////// ///////////////// /////////////////
FNMA, FHLMC, or GNMA......... 1714 10,462 1715 10,126 1716 0 1717 0 4.b.(1)
(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 1,537 1734 1,528 1735 0 1736 0 4.b.(3)
5. Other debt securities: ///////////////// ///////////////// ///////////////// /////////////////
a. Other domestic debt securities... 1737 0 1738 0 1739 0 1741 0 5.a.
b. Foreign debt securities.......... 1742 350 1743 350 1744 0 1746 0 5.b.
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 31,962 1753 31,962 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 264,186 1771 265,271 1772 155,349 1773 155,656 7.
------------------- ------------------- ------------------- ------------------
- --------------
(1) Includes equity securities without readily determinable fair values at
historical cost in item 6.c, column D.
</TABLE>
12
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-5
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
SCHEDULE RC-B--CONTINUED
<TABLE>
<CAPTION>
-----
Memoranda C312
------------------
Dollar Amounts in Thousands RCON Bil Mil Thou
- -------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1. Pledged securities (2) ...................................................................... 0416 105,374 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 10,700 M.2.a.(1)
(2) Over three months through 12 months .................................................. 0344 51,736 M.2.a.(2)
(3) Over one year through five years ..................................................... 0345 95,377 M.2.a.(3)
(4) Over five years ...................................................................... 0346 209,676 M.2.a.(4)
(5) Total fixed rate debt securities (sum of Memorandum items 2.a.(1) through 2.a.(4)).... 0347 367,489 M.2.a.(5)
b. Floating rate debt securities with a repricing frequency of: //////////////////
(1) Quarterly or more frequently ......................................................... 4544 20,091 M.2.b.(1)
(2) Annually or more frequently, but less frequently than quarterly ...................... 4545 300 M.2.b.(2)
(3) Every five years or more frequently, but less frequently than annually ............... 4551 0 M.2.b.(3)
(4) Less frequently than every five years ................................................ 4552 0 M.2.b.(4)
(5) Total floating rate debt securities (sum of Memorandum items 2.b.(1) through 2.b.(4)). 4553 20,391 M.2.b.(5)
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 387,880 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 0 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 0 M.9.a
b. Fair value ............................................................................... 8783 0 M.9.b
---------------------
_____________
(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.
</TABLE>
13
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-6
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</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>
------
C315 < -
---------------------
Dollar Amounts in Thousands RCON Bil Mil Thou
- ---------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1. Loans secured by real estate: //////////////////
a. Construction and land development ....................................................... 1415 28,450 1.a.
b. Secured by farmland (including farm residential and other improvements) ................. 1420 11 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 98,285 1.c.(1)
(2) All other loans secured by 1-4 family residential properties: //////////////////
(a) Secured by first liens .......................................................... 5367 935,403 1.c.(2)(a)
(b) Secured by junior liens ......................................................... 5368 119,113 1.c.(2)(b)
d. Secured by multifamily (5 or more) residential properties ............................... 1460 9,616 1.d.
e. Secured by nonfarm nonresidential properties ............................................ 1480 151,589 l.e.
2. Loans to depository institution: //////////////////
a. To commercial banks in the U.S.: //////////////////
(1) To U.S. branches and agencies of foreign banks ...................................... 1506 0 2.a.(1)
(2) To other commercial banks in the U.S. ............................................... 1507 0 2.a.(2)
b. To other depository institutions in the U.S. ............................................ 1517 0 2.b.
c. To banks in foreign countries: //////////////////
(1) To foreign branches of other U.S. banks ............................................. 1513 0 2.c.(1)
(2) To other banks in foreign countries ................................................. 1516 0 2.c.(2)
3. Loans to finance agricultural production and other loans to farmers ........................ 1590 0 3.
4. Commercial and industrial loans: //////////////////
a. To U.S. addressees (domicile) ........................................................... 1763 259,377 4.a.
b. To non-U.S. addressees (domicile) ....................................................... 1764 0 4.b.
5. Acceptances of other banks: //////////////////
a. Of U.S. banks ........................................................................... 1756 0 5.a.
b. Of foreign banks ........................................................................ 1757 0 5.b.
6. Loans to individuals for household, family, and other personal expenditures //////////////////
(i.e. consumer loans) (includes purchased paper): //////////////////
a. Credit cards and related plans (includes check credit and other revolving credit plans) 2008 16,215 6.a.
b. Other (includes single payment, installment, and all student loans) ..................... 2011 222,129 6.b.
7. Loans to foreign governments and official institutions (including foreign central banks) ... 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 9,105 8.
9. Other loans: //////////////////
a. Loans for purchasing or carrying securities (secured and unsecured) ..................... 1545 2,205 9.a.
b. All other loans (exclude consumer loans) ................................................ 1564 12,303 9.b.
10. Lease financing receivables (net of unearned income): //////////////////
a. Of U.S. addressees (domicile) ........................................................... 2182 118 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 11.
12. Total loans and leases, net of unearned income (sum of items 1 through 10 //////////////////
minus item 11) (must equal Schedule RC, item 4.a) .......................................... 2122 1,863,919 12.
----------------------
</TABLE>
14
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-7
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
SCHEDULE RC-C--CONTINUED
PART I. CONTINUED
<TABLE>
<CAPTION>
Memoranda
--------------------
Dollar Amounts in Thousands RCON Bil Mil Thou
- --------------------------------------------------------------------------------------------------------------------
<S> <C>
1. Commercial paper included in Schedule RC-C, part I, above . . . . . . . . . . . . . . . . . 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.a.(1)
(2) To non-U.S. addressees (domicile) . . . . . . . . . . . . . . . . . . . . . . . . . 1689 0 M.2.a.(2)
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 68,604 M.3.a.(1)
(2) Over three months through 12 months . . . . . . . . . . . . . . . . . . . . . . . . 0349 47,599 M.3.a.(2)
(3) Over one year through five years . . . . . . . . . . . . . . . . . . . . . . . . . . 0356 392,376 M.3.a.(3)
(4) Over five years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0357 118,718 M.3.a.(4)
(5) Total fixed rate loans and leases (sum of Memorandum items 3.a.(1) //////////////////
through 3.a.(4)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0358 627,297 M.3.a.(5)
b. Floating rate loans with a repricing frequency of: //////////////////
(1) Quarterly or more frequently . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4554 278,749 M.3.b.(1)
(2) Annually or more frequently, but less frequently than quarterly . . . . . . . . . . 4555 917,997 M.3.b.(2)
(3) Every five years or more frequently, but less frequently than annually . . . . . . . 4561 29,520 M.3.b.(3)
(4) Less frequently than every five years . . . . . . . . . . . . . . . . . . . . . . . 4564 1,651 M.3.b.(4)
(5) Total floating rate loans (sum of Memorandum items 3.b.(1) through 3.b.(4)). . . . . 4567 1,227,917 M.3.b.(5)
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 1,855,214 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 126,954 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.b, //////////////////
page RC-6(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2746 14,843 M.4.
5. Loans and leases held for sale (included in Schedule RC-C, part I, above) . . . . . . . . . 5369 5 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), page RC-6). . . . . . . . . 5370 881,335 M.6.
--------------------
- -------------------
(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, items 1.a through 1.e.
</TABLE>
15
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-7a
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</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.
<TABLE>
<S> <C> <C>
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
amount" 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
1. Indicate in the appropriate box at the right whether all or substantially all of the dollar volume of your bank's
"Loans secured by nonfarm nonresidential properties" reported in Schedule RC-C, part I, item 1.e, and all or --------
substantially all of the dollar volume of your bank's "Commercial and industrial loans to U.S. C318 < -
addressees" reported in Schedule RC-C, part I, item 4.a, have original amounts of $100,000 ----------------------
or less (If your bank has no loans outstanding in both of these two loan categories, RCON YES NO
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.
-------------------
Number of Loans
------------------
2. Report the total number of loans currently outstanding for each of the RCON | //////////
following Schedule RC-C, part I, loan categories: ------
a. "Loans secured by nonfarm nonresidential properties" reported in //////////////////
Schedule RC-C, part I, item 1.e . . . . . . . . . . . . . . . . . . . . . . 5562 N/A 2.a.
b. "Commercial and industrial loans to U.S. addressees" reported in //////////////////
Schedule RC-C, part I, item 4.a . . . . . . . . . . . . . . . . . . . . . . 5563 N/A 2.b.
--------------------
-----------------------------------
(Column A) (Column B)
Amount
Currently
Number of Loans Outstanding
-----------------------------------
Dollar Amounts in Thousands RCON //////// RCON Bil Mil Thou
- ------------------------------------------------------------------------------------------ -------------------
3. Number and amount currently outstanding of "Loans secured by nonfarm /////////////////////////////////
nonresidential properties" 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 RC-C, part I, item 1.e): /////////////////////////////////
a. With original amounts of $100,000 or less . . . . . . . . . . . . . . . . . 5564 156| 5565 5,299 3.a.
b. With original amounts of more than $100,000 through $250,000 . . . . . . . 5566 164| 5567 18,902 3.b.
c. With original amounts of more than $250,000 through $1,000,000 . . . . . . 5568 205| 5569 77,117 3.c.
4. Number and amount currently outstanding of "Commercial and industrial /////////////////////////////////
loans to U.S. addressees" reported in Schedule RC-C, part I, item 4.a /////////////////////////////////
(sum of items 4.a through 4.c must be less than or equal to /////////////////////////////////
Schedule RC-C, part I, item 4.a): /////////////////////////////////
a. With original amounts of $100,000 or less . . . . . . . . . . . . . . . . . 5570 2,116| 5571 25,955 4.a.
b. With original amounts of more than $100,000 through $250,000 . . . . . . . 5572 226| 5573 17,942 4.b.
c. With original amounts of more than $250,000 through $1,000,000 . . . . . . 5574 148| 5575 34,354 4.c.
-----------------------------------
</TABLE>
15a
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-7b
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
SCHEDULE RC-C-- CONTINUED
PART II. CONTINUED
AGRICULTURAL LOANS TO SMALL FARMS
<TABLE>
<S> <C>
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)" reported in Schedule RC-C, part I, item 1.b, AND all or
substantially all of the dollar volume of your bank's "Loans to finance agricultural
production and other loans to farmers" reported in Schedule RC-C, part I, item 3, have
ORIGINAL AMOUNTS of $100,000 or less (if your bank has no loans outstanding in BOTH of YES NO
these two loan categories, place an "X" in 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 Number of Loans
following Schedule RC-C, Part I, loan categories: --------------------
a. "Loans secured by farmland (including farm residential and other RCON //////////////
improvements)" reported in Schedule RC-C, part I, item 1.b................. 5576 1 6.a.
b. "Loans to finance agricultural production and other loans to farmers" ////////////////////
reported in Scheduled RC-C, part I, item 3................................. 5577 0 6.b.
--------------------
----------------------------------------------
(Column A) (Column B)
Amount
Currently
Number of Loans Outstanding
----------------------------------------------
Dollar Amounts in Thousands RCON///////////////////// RCON Bil Mil Thou
- ----------------------------------------------------------------------------------------------------------------------
7. Number and amount CURRENTLY OUTSTANDING of "Loans secured by //////////////////////////////////////////////
farmland (including farm residential and other improvements)" //////////////////////////////////////////////
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): //////////////////////////////////////////////
a. With ORIGINAL AMOUNTS of $100,000 or less ...................... 5578 N/A 5579 N/A 7.a.
b. With ORIGINAL AMOUNTS of more than $100,000 through $250,000 ... 5580 N/A 5581 N/A 7.b.
c. With ORIGINAL AMOUNTS of more than $250,000 through $500,000 ... 5582 N/A 5583 N/A 7.c.
8. Number and amount CURRENTLY OUTSTANDING of "Loans to finance //////////////////////////////////////////////
agricultural production and other loans to farmers" 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): //////////////////////////////////////////////
a. With ORIGINAL AMOUNTS of $100,000 or less ...................... 5584 N/A 5585 N/A 8.a.
b. With ORIGINAL AMOUNTS of more than $100,000 through $250,000 . . 5586 N/A 5587 N/A 8.b.
c. With ORIGINAL AMOUNTS of more than $250,000 through $500,000 . . 5588 N/A 5589 N/A 8.c.
----------------------------------------------
</TABLE>
15b
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-8
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</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>
---------
C320 < -
---------
Dollar Amounts in Thousands RCON Bil Mil Thou
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
ASSETS //////////////////////
1. U.S. Treasury securities .................................................................. 3531 0 1.
2. U.S. Government agency and corporation obligations (exclude mortgage-backed securities) ... 3532 0 2.
3. Securities issued by states and political subdivisions in the U.S. ........................ 3533 0 3.
4. Mortgage-backed securities (MBS): //////////////////////
a. Pass-through securities issued or guaranteed by FNMA, FHLMC, or GNMA ................... 3534 0 4.a.
b. Other mortgage-backed securities issued or guaranteed by FNMA, FHLMC, or GNMA //////////////////////
(include CMOs, REMICs, and stripped MBS)................................................. 3535 0 4.b.
c. All other mortgage-backed securities ................................................... 3536 0 4.c.
5. Other debt securities ..................................................................... 3537 0 5.
6. Certificates of deposit ................................................................... 3538 0 6.
7. Commercial paper .......................................................................... 3539 0 7.
8. Banker's acceptance ....................................................................... 3540 0 8.
9. Other trading assets ...................................................................... 3541 0 9.
10. Not applicable //////////////////////
11. Revaluation gains on interest rate, foreign exchange rate, and other commodity and equity //////////////////////
contracts ................................................................................. 4549 0 11.
12. Total trading assets (sum of items 1 through 11) (must equal Schedule RC, item 5) ......... 3545 0 12.
----------------------
RCON Bil Mil Thou
LIABILITIES ----------------------
13. Liability for short positions ............................................................. 3546 0 13.
14. Revaluation losses on interest rate, foreign exchange rate, and other commodity and equity //////////////////////
contracts ................................................................................. 3547 0 14.
15. Total trading liabilities (sum of items 13 and 14) must equal Schedule RC, item 15.b) ..... 3548 0 15.
----------------------
</TABLE>
16
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-9
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
SCHEDULE RC-E--DEPOSIT LIABILITIES
<TABLE>
<CAPTION>
-------------
C325 < -
------------------------------------------------------------
Nontransaction
Transaction Accounts Accounts
------------------------------------------------------------
(Column A) (Column 3) (Column C)
Total transaction Memo: Total Total
accounts (including demand deposits nontransaction
total demand (included in accounts
deposits) column A) (including MMDAs)
-----------------------------------------------------------
Dollar Amounts in Thousands RCON Bil Mil Thou RCON Bil Mil Thou RCON Bil Mil Thou
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Deposits of: ////////////////// ////////////////// //////////////////
1. Individuals, partnerships, and corporations.... 2201 352,676 2240 200,578 2346 1,153,046 1.
2. U.S. Government................................ 2202 645 2280 645 2520 0 2.
3. States and political subdivisions in the U.S... 2203 6,871 2290 2,817 2530 7,835 3.
4. Commercial banks in the U.S.................... 2206 669 2310 669 2550 0 4.
5. Other depository institutions in the U.S....... 2207 0 2312 0 2349 0 5.
6. Banks in foreign countries..................... 2213 0 2320 0 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 5,281 2330 5,281 ////////////////// 8.
9. Total (sum of items 1 through 8) (sum of ////////////////// ////////////////// //////////////////
columns A and C must equal Schedule RC, ////////////////// ////////////////// //////////////////
item 13.a)..................................... 2215 366,142 2210 209,990 2385 1,160,881 9.
- ---------------------------------------------------------------------------------------------------------------
Memoranda
------------------
Dollar Amounts in Thousands RCON Bil Mil Thou
- -------------------------------------------------------------------------------------------------------------------
1. Selected components of total deposits (i.e., sum of item 9, columns A and C): //////////////////
a. Total Individual Retirement Accounts (IRAs) and Keogh Plan accounts........................6835 113,517 M.1.a.
b. Total brokered deposits....................................................................2365 4,996 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.c.(1)
(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 0 M.1.c.(2)
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.d.(1)
(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 4,996 M.1.d.(2)
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 11,911 M.1.e.
2. Components of total nontransaction accounts (sum of Memoranda items 2.a through 2.d must //////////////////
equal item 9, column C, above): //////////////////
a. Savings deposits: //////////////////
(1) Money market deposit accounts (MMDAs)..................................................6810 276,918 M.2.a.(1)
(2) Other savings deposits (excludes MMDAs)................................................0352 104,767 M.2.a.(2)
b. Total time deposits of less than $100,000..................................................6648 678,368 M.2.b.
c. Time certificates of deposit of $100,000 or more...........................................6645 100,828 M.2.c.
d. Open-account time deposits of $100,000 or more.............................................6646 0 M.2.d.
3. All NOW accounts (included in column A above).................................................2398 102,717 M.3.
4. Not applicable ------------------
</TABLE>
17
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-10
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
SCHEDULE RC-E--CONTINUED
Memorandum (Continued)
<TABLE>
<CAPTION>
------------------
Dollar Amounts in Thousands RCON Bil Mil Thou
- -------------------------------------------------------------------------------------------------------------------
<S> <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: //////////////////
(1) Three months or less...................................................................A225 158,657 M.5.a.(1)
(2) Over three months through 12 months....................................................A226 364,683 M.5.a.(2)
(3) Over one year..........................................................................A227 153,947 M.5.a.(3)
b. Floating rate time deposits of less than $100,000 with a repricing frequency of: //////////////////
(1) Quarterly or more frequently...........................................................A228 1,081 M.5.b.(1)
(2) Annually or more frequently, but less frequently than quarterly........................A229 0 M.5.b.(2)
(3) Less frequently than annually..........................................................A230 0 M.5.b.(3)
c. Floating rate time deposits of less than $100,000 with a remaining maturity of //////////////////
on year or less (included in Memorandum items 5.b.(1) through 5.b.(3) above)...............A231 597 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 or more and open-account time deposits of $100,000 or more) //////////////////
(sum if 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 43,083 M.6.a.(1)
(2) Over three months through 12 months....................................................A233 39,373 M.6.a.(2)
(3) Over one year through five years.......................................................A234 18,372 M.6.a.(3)
(4) Over five years........................................................................A235 0 M.6.a.(4)
b. Floating rate time deposits of $100,000 or more with a repricing frequency of: //////////////////
(1) Quarterly or more frequently...........................................................A236 0 M.6.b.(1)
(2) Annually or more frequently, but less frequently than quarterly........................A237 0 M.6.b.(2)
(3) Every five years or more frequently, but less frequently than annually.................A238 0 M.6.b.(3)
(4) Less frequently than every five years..................................................A239 0 M.6.b.(4)
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 0 M.6.c.
------------------
- ----------
(1) Memorandum items 5 and 6 are not applicable to savings banks that must
complete supplemental Schedule RC-J.
</TABLE>
18
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-11
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
SCHEDULE RC-F--OTHER ASSETS
<TABLE>
<CAPTION>
--------
C330 < -
------------------
Dollar Amounts in Thousands RCON Bil Mil Thou
- ---------------------------------------------------------------------------------------- ------------------
<S> <C>
1. Income earned, not collected on loans............................................... 2164 11,042 1.
2. Net deferred tax assets(1).......................................................... 2148 10,500 2.
3. Excess residential mortgage servicing fees receivable............................... 5371 190 3.
4. Other (itemize and describe amounts that exceed 25% of this item)................... 2168 10,170 4.
---------- -------------------
a. TEXT 3549 INCOME EARNED, NOT COLLECTED ON INVESTMENTS RCON 3549 5,184 ///////////////// 4.a.
---------- --------------------------------------------------
b. TEXT 3550 CASH SURRENDER VALUE LIFE INSURANCE RCON 3550 3,215 ///////////////// 4.b.
---------- --------------------------------------------------
c. TEXT 3551 RCON 3551 ///////////////// 4.c.
---------- ---------------------------------------------------------------------
5. Total (sum of items 1 through 4) (must equal Schedule RC, item 11).................. 2160 31,902 5.
------------------
Memorandum
------------------
Dollar Amounts in Thousands RCON Bil Mil Thou
- ---------------------------------------------------------------------------------------- ------------------
1. Deferred tax assets disallowed for regulatory capital purposes...................... 5610 0 M.1.
------------------
SCHEDULE RC-G--OTHER LIABILITIES
--------
C335 < -
------------------
Dollar Amounts in Thousands RCON Bil Mil Thou
- ---------------------------------------------------------------------------------------- ------------------
1. a. Interest accrued and unpaid on deposits(2)...................................... 3645 11,915 1.a.
b. Other expenses accrued and unpaid (includes accrued income taxes payable)....... 3646 16,695 1.b.
2. Net deferred tax liabilities(1)..................................................... 3049 0 2.
3. Minority interest in consolidated subsidiaries...................................... 3000 0 3.
4. Other (itemize and describe amounts that exceed 25% of this item)................... 2938 0 4.
---------- -------------------
a. TEXT 3552 RCON 3552 ///////////////// 4.a.
---------- --------------------------------------------------
b. TEXT 3553 RCON 3553 ///////////////// 4.b.
---------- --------------------------------------------------
c. TEXT 3554 RCON 3554 ///////////////// 4.c.
---------- ---------------------------------------------------------------------
5. Total (sum of items 1 through 4) (must equal Schedule RC, item 20).................. 2930 28,610 5.
------------------
- ----------------------------
(1) See discussion of deferred income taxes in Glossary entry on "income taxes."
(2) For savings banks, includes "dividends" accrued and unpaid on deposits.
</TABLE>
19
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-12
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
SCHEDULE RC-K--Quarterly Averages (1)
<TABLE>
<CAPTION>
--------
C355 < -
------------------
Dollar Amounts in Thousands RCON Bil Mil Thou
- ---------------------------------------------------------------------------------------- ------------------
<S> <C>
ASSETS /////////////////
1. Interest-bearing balances due from depository institutions......................... 3381 745 1.
2. U.S. Treasury securities and U.S. Government agency and corporation obligations(2). 3382 249,813 2.
3. Securities issued by states and political subdivisions in the U.S.(2).............. 3383 142,825 3.
4. a. Other debt securities(2)....................................................... 3647 2,001 4.a.
b. Equity securities(3) (includes investments in mutual funds and
Federal Reserve stock)......................................................... 3648 31,779 4.b.
5. Federal funds sold and securities purchased under agreements to resell............. 3365 0 5.
6. Loans: /////////////////
a. Total loans.................................................................... 3360 1,827,904 6.a.
b. Loans secured by real estate................................................... 3385 1,317,671 6.b.
c. Loans to finance agricultural production and other loans to farmers............ 3386 2 6.c.
d. Commercial and industrial loans................................................ 3387 258,262 6.d.
e. Loans to individuals for household, family, and other personal expenditures.... 3388 228,199 6.e.
7. Trading assets..................................................................... 3401 0 7.
8. Lease financing receivables (net of unearned income)............................... 3484 703 8.
9. Total assets(4).................................................................... 3368 2,359,776 9.
LIABILITIES /////////////////
10. Interest-bearing transaction accounts (NOW accounts, ATS accounts, and telephone /////////////////
and preauthorized transfer accounts) (exclude demand deposits)..................... 3485 162,335 10.
11. Nontransaction accounts: /////////////////
a. Money market deposit accounts (MMDAs).......................................... 3486 270,966 11.a.
b. Other savings deposits......................................................... 3487 106,613 11.b.
c. Time certificates of deposit of $100,000 or more............................... 3345 96,258 11.c.
d. All other time deposits........................................................ 3469 701,120 11.d.
12. Federal funds purchased and securities sold under agreements to repurchase......... 3353 246,329 12.
13. Other borrowed money............................................................... 3355 333,728 13.
- ---------
(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.
</TABLE>
20
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-13
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</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>
---------
C360 < -
--------------------
Dollar Amounts in Thousands RCON Bil Mil Thou
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1. Unused commitments: //////////////////
a. Revolving, open-end lines secured by 1-4 family residential properties, e.g., home equity //////////////////
lines ...................................................................................... 3814 106,019 1.a.
b. Credit card lines .......................................................................... 3815 19,507 1.b.
c. Commercial real estate, construction, and land development: //////////////////
(1) Commitments to fund loans secured by real estate ....................................... 3816 9,132 1.c.(1)
(2) Commitments to fund loans not secured by real estate ................................... 6550 0 1.c.(2)
d. Securities underwriting .................................................................... 3817 13 1.d.
e. Other unused commitments ................................................................... 3818 168,788 1.e.
2. Financial standby letters of credit ........................................................... 3819 13,089 2.
--------------------------
a. Amount of financial standby letters of credit conveyed to others RCON 3820 3,691 ////////////////// 2.a.
--------------------------
3. Performance standby letters of credit ......................................................... 3821 1,159 3.
--------------------------
a. Amount of performance standby letters of credit conveyed to others RCON 3822 0 ////////////////// 3.a.
--------------------------
4. Commercial and similar letters of credit ...................................................... 3411 11,022 4.
5. Participations in acceptances (as described in the instructions) conveyed to others by the //////////////////
reporting bank ................................................................................ 3428 0 5.
6. Participations in acceptances (as described in the instructions) acquired by the reporting //////////////////
(nonaccepting) bank ........................................................................... 3429 3,896 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 43,480 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 0 9.a.(1)
(2) Amount of recourse exposure on these mortgages as of the report date ................... 3651 0 9.a.(2)
b. Private (nongovernment-issued or -guaranteed) residential mortgage loan pools: //////////////////
(1) Outstanding principal balance of mortgages transferred 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 0 10.a.
b. Gross commitments to sell ................................................................. 3435 0 10.b.
11. Spot foreign exchange contracts .............................................................. 8765 0 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.
----------- ----------------------------------- //////////////////
a. TEXT 3555 RCON 3555 ////////////////// 12.a.
----------------------------------------------------------
b. TEXT 3556 RCON 3556 ////////////////// 12.b.
----------------------------------------------------------
c. TEXT 3557 RCON 3557 ////////////////// 12.c.
----------------------------------------------------------
d. TEXT 3558 RCON 3558 ////////////////// 12.d.
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
21
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-14
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
SCHEDULE RC-L--CONTINUED
<TABLE>
<CAPTION>
--------------------
Dollar Amounts in Thousands RCON Bil Mil Thou
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
13. All other off-balance sheet assets (exclude off-balance sheet derivatives) (itemize and ////////////////
describe each component of this item over 25% of Schedule RC, item 28, "Total equity capital") 5591 0 13.
----------- ----------------------------------- ////////////////
a. TEXT 5592 RCON 5592 //////////////// 13.a.
----------------------------------------------------------
b. TEXT 5593 RCON 5593 //////////////// 13.b.
----------------------------------------------------------
c. TEXT 5594 RCON 5594 //////////////// 13.c.
----------------------------------------------------------
d. TEXT 5595 RCON 5595 //////////////// 13.d.
-----------------------------------------------------------------------------------------------------------------------------
------------
C361 < -
-----------------------------------------------------------------------------
(Column A) (Column B) (Column C) (Column D)
Dollar Amounts in Thousands Interest Rate Foreign Exchange Equity Derivative Commodity and
- ---------------------------------------
Off-balance Sheet Derivatives Contracts Contracts Contracts Other Contracts
------------------- ------------------- ------------------- ------------------
Position Indicators Tril Bil Mil Thou Tril Bil Mil Thou Tril Bil Mil Thou Tril Bil Mil Thou
- --------------------------------------- ------------------- ------------------- ------------------- ------------------
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.
------------------- ------------------- ------------------- ----------------
RCON 8693 RCON 8694 RCON 8695 RCON 8696
------------------- ------------------- ------------------- ----------------
b. Forward contracts ............... 0 0 0 0 14.b.
------------------- ------------------- ------------------- ----------------
RCON 8697 RCON 8698 RCON 8699 RCON 8700
------------------- ------------------- ------------------- ----------------
C. Exchange-traded option contracts: ///////////////// ///////////////// ///////////////// ///////////////
------------------- ------------------- ------------------- ----------------
(1) Written options ............. 0 0 0 0 14.c.(1)
------------------- ------------------- ------------------- ----------------
RCON 8701 RCON 8702 RCON 8703 RCON 8704
------------------- ------------------- ------------------- ----------------
(2) Purchased options ........... 0 0 0 0 14.c.(2)
------------------- ------------------- ------------------- ----------------
RCON 8705 RCON 8706 RCON 8707 RCON 8708
------------------- ------------------- ------------------- ----------------
d. Over-the-counter option contracts: ///////////////// ///////////////// ///////////////// //////////////
------------------- ------------------- ------------------- ----------------
(1) Written options ............. 0 0 0 0 14.d.(1)
------------------- ------------------- ------------------- ----------------
RCON 8709 RCON 8710 RCON 8711 RCON 8712
------------------- ------------------- ------------------- ----------------
(2) Purchased options ........... 150,000 0 0 0 14.d.(2)
------------------- ------------------- ------------------- ----------------
RCON 8713 RCON 8714 RCON 8715 RCON 8716
------------------- ------------------- ------------------- ----------------
e. Swaps ........................... 30,000 0 0 0 14.e.
------------------- ------------------- ------------------- ----------------
RCON 3450 RCON 3826 RCON 8719 RCON 8720
------------------- ------------------- ------------------- ----------------
15. Total gross notional amount of ///////////////// ///////////////// ///////////////// //////////////
derivative contracts held for
trading ............................ 0 0 0 0 15.
------------------- ------------------- -------------------- ---------------
RCON A126 RCON A127 RCON 8723 RCON 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.
------------------- ------------------- -------------------- ---------------
RCON 8725 RCON 8726 RCON 8727 RCON 8728
------------------- ------------------- -------------------- ---------------
b. Contracts not marked to market .. 180,000 0 0 0 16.b.
------------------- ------------------- -------------------- ---------------
RCON 8729 RCON 8730 RCON 8731 RCON8732
------------------- ------------------- -------------------- ---------------
</TABLE>
22
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-15
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
SCHEDULE RC-L--CONTINUED
<TABLE>
<CAPTION>
(Column A) (Column B) (Column C) (Column D)
Dollar Amounts in Thousands Interest Rate Foreign Exchange Equity Derivative Commodity and
- ---------------------------------
Off-balance Sheet Derivatives Contracts Contracts Contracts Other Contracts
-------------------- -------------------- -------------------- --------------------
Position Indicators RCON Bil Mil Thou RCON Bil Mil Thou RCON Bil Mil Thou RCON Bil Mil Thou
- -------------------------------- -------------------- -------------------- -------------------- --------------------
<S> <C> <C> <C> <C>
17. Gross fair values: //////////////////// //////////////////// //////////////////// ////////////////////
a. Contracts held for //////////////////// //////////////////// //////////////////// ////////////////////
trading: //////////////////// //////////////////// //////////////////// ////////////////////
(1) Gross positive //////////////////// //////////////////// //////////////////// ////////////////////
fair value ......... 8733 0 8734 0 8735 0 8736 0 17.a.(1)
(2) Gross negative //////////////////// //////////////////// //////////////////// ////////////////////
fair value ......... 8737 0 8738 0 8739 0 8740 0 17.a.(2)
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.b.(1)
(2) Gross negative //////////////////// //////////////////// //////////////////// ////////////////////
fair value ......... 8745 0 8746 0 8747 0 8748 0 17.b.(2)
c. Contracts held for //////////////////// //////////////////// //////////////////// ////////////////////
purposes other than //////////////////// //////////////////// //////////////////// ////////////////////
trading that are not //////////////////// //////////////////// //////////////////// ////////////////////
marked to market: //////////////////// //////////////////// //////////////////// ////////////////////
(1) Gross positive //////////////////// //////////////////// //////////////////// ////////////////////
fair value ......... 8749 254 8750 0 8751 0 8752 0 17.c.(1)
(2) Gross negative //////////////////// //////////////////// //////////////////// ////////////////////
fair value ......... 8753 0 8754 0 8755 0 8756 0 17.c.(2)
---------------------------------------------------------------------------------------
Memoranda --------------------
Dollar Amounts in Thousands RCON Bil Mil Thou
- ------------------------------------------------------------------------------------------------- --------------------
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 136,077 M.3.
a. Participants in commitments with an original maturity ////////////////////
exceeding one year conveyed to others .................................. | RCON 3834 | 0 //////////////////// M.3.a.
4. To be completed only by banks with $1 billion or more in total assets: ////////////////////
Standby letters of credit (both financial and performance) issued to non-U.S. addressees ////////////////////
(domicile) included in Schedule RC-L, items 2 and 3, above ................................... 3377 0 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.5.a.
b. Credit cards and related plans (TO BE COMPLETED QUARTERLY) ................................ 2742 0 M.5.b.
c. All other consumer installment credit (including mobile home loans) (TO BE COMPLETED FOR ////////////////////
THE SEPTEMBER REPORT ONLY) ................................................................ 2743 N/A M.5.c.
---------------------
</TABLE>
23
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-16
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
SCHEDULE RC-M--MEMORANDA
<TABLE>
<CAPTION>
-------
C365 < -
--------------------
Dollar Amounts in Thousands RCON Bil Mil Thou
- ------------------------------------------------------------------------------------------------- --------------------
<S> <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, principal ////////////////////
shareholders, and their related interests ................................................. 6164 7,673 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 Number ////////////////////
------
of total capital as defined for this purpose in agency regulations | RCON 6165 | 2 //////////////////// 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 624,979 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 0 5.a.
b. Non-U.S. addressees (domicile) ............................................................ 2104 0 5.b.
6. Intangible assets: ////////////////////
a. Mortgage servicing rights ................................................................. 3164 1,518 6.a.
b. Other identifiable intangible assets: ////////////////////
(1) Purchased credit card relationships ................................................... 5506 0 6.b.(1)
(2) All other identifiable intangible assets .............................................. 5507 0 6.b.(2)
c. Goodwill .................................................................................. 3163 33,718 6.c.
d. Total (sum of items 6.a through 6.c) (must equal Schedule RC, item 10) .................... 2143 35,236 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.
--------------------
- -----------------
(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.
</TABLE>
24
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-17
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
SCHEDULE RC-M--CONTINUED
<TABLE>
<CAPTION>
-----------------
Dollar Amounts in Thousands RCON Bil Mil Thou
- ------------------------------------------------------------------------------------------------------------------------
<S> <C>
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: ///////////////
(a) Construction and land development . . . . . . . . . . . . . . . . . . . . . . . . . . . 5508 58 8.a.(2)(a)
(b) Farmland. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5509 0 8.a.(2)(b)
(c) 1-4 family residential properties . . . . . . . . . . . . . . . . . . . . . . . . . . . 5510 305 8.a.(2)(c)
(d) Multifamily (5 or more) residential properties. . . . . . . . . . . . . . . . . . . . . 5511 0 8.a.(2)(d)
(e) Nonfarm nonresidential properties . . . . . . . . . . . . . . . . . . . . . . . . . . . 5512 79 8.a.(2)(e)
(3) Total (sum of items 8.a.(1) and 8.a.(2)) (must equal Schedule RC, item 7) . . . . . . . . . 2150 442 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 0 8.b.(2)
(3) Total (sum of items 8.b.(1) and 8.b.(2)) (must equal Schedule RC, item 8) . . . . . . . . . 2130 0 8.b.(3)
c. TOTAL ASSETS of unconsolidated subsidiaries and associated companies. . . . . . . . . . . . . . 5376 0 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 during the quarter (including proprietary, private label, ///////////////
and third party products): ///////////////
a. Money market funds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6441 26,428 10.a.
b. Equity securities funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8427 6,955 10.b.
c. Debt securities funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8428 3,439 10.c.
d. Other mutual funds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8429 3,405 10.d.
e. Annuities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8430 4,472 10.e.
f. Sales of proprietary mutual funds and annuities (included in items 10.a through ///////////////
10.e above) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8784 30,573 10.f.
-----------------
- ------------------------------------------------------------------------------------------------------------------------------
Memorandum -----------------
Dollar Amounts in Thousands RCON Bil Mil Thou
- ------------------------------------------------------------------------------------------------------------------------
1. Interbank holdings of capital instruments (TO BE COMPLETED FOR THE DECEMBER REPORT ONLY): ///////////////
a. Reciprocal holdings of banking organizations' capital instuments. . . . . . . . . . . . . . . . 3836 N/A M.1.a.
b. Nonreciprocal holdings of banking organizations' capital instruments. . . . . . . . . . . . . . 3837 N/A M.1.b.
-----------------
- ------------------------------------------------------------------------------------------------------------------------
</TABLE>
25
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-18
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
SCHEDULE RC-N--PAST DUE AND NONACCRUAL LOANS, LEASES, AND OTHER ASSETS
<TABLE>
<CAPTION>
------
C370 < -
-------------------------------------------------------
The FFIEC regards the information reported in
all of Memorandum item 1, in items 1 through 10, (Column A) (Column B) (Column C)
column A, and in Memorandum items 2 through 4, Past due Past due 90 Nonaccrual
column A, as confidential. 30 through 89 days or more
days and still and still
accruing accruing
---------------------------------------------------------
Dollar Amounts in Thousands RCON Bil Mil Thou RCON Bil Mil Thou RCON Bil Mil Thou
- ----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Loans secured by real estate: /////////////// /////////////// ///////////////
a. To U.S. addressees (domicile). . . . . . . . . . 1245 12,714 1246 1,013 1247 8,461 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. depository /////////////// /////////////// ///////////////
institutions . . . . . . . . . . . . . . . . . . 5377 0 5378 0 5379 0 2.a.
b. To foreign banks . . . . . . . . . . . . . . . . 5380 0 5381 0 5382 0 2.b.
3. Loans to finance agricultural production and /////////////// /////////////// ///////////////
other loans to farmers. . . . . . . . . . . . . . . 1594 0 1597 0 1583 0 3.
4. Commercial and industrial loans: /////////////// /////////////// ///////////////
a. To U.S. addressees (domicile). . . . . . . . . . 1251 16,549 1252 250 1253 220 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 243 5384 104 5385 0 5.a.
b. Other (includes single payment, installment, /////////////// /////////////// ///////////////
and all student loans) . . . . . . . . . . . . . 5386 1,486 5387 50 5388 24 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 0 1258 0 1259 0 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>
---------------------------------------------------------
RCON Bil Mil Thou RCON Bil Mil Thou RCON Bil Mil Thou
---------------------------------------------------------
<S> <C> <C> <C>
10. Loans and leases reported in items 1
through 8 above which are wholly or partially /////////////// /////////////// ///////////////
guaranteed by the U.S. Government . . . . . . . . 5612 7,647 5613 0 5614 0 10.
a. Guaranteed portion of loans and leases /////////////// /////////////// ///////////////
included in item 10 above. . . . . . . . . . . 5615 7,634 5616 0 5617 0 10.a.
---------------------------------------------------------
</TABLE>
26
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-19
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
SCHEDULE RC-N--CONTINUED
<TABLE>
<CAPTION>
--------
C373 < -
-----------------------------------------------------------------
(Column A) (Column B) (Column C)
Past Due Past due 90 Nonaccrual
30 through 89 days or more
days and still and still
accruing accruing
Memoranda -----------------------------------------------------------------
Dollar Amounts in Thousands RCON Bil Mil Thou RCON Bil Mil Thou RCON Bil Mil Thou
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Restructured loans and leases included in ////////////////// ////////////////// //////////////////
Schedule RC-N, items 1 through 8, above (and not ////////////////// ////////////////// //////////////////
reported in Schedule RC-C, part I, Memorandum ////////////////// ////////////////// //////////////////
item 2) . . . . . . . . . . . . . . . . . . . . . 1658 0 1659 0 1661 0 M.1.
2. Loans to finance commerical real estate, ////////////////// ////////////////// //////////////////
construction, and land development activities ////////////////// ////////////////// //////////////////
(not SECURED BY REAL ESTATE) included in ////////////////// ////////////////// //////////////////
Schedule RC-N, items 4 and 7, above . . . . . . . 6558 2,768 6559 0 6560 0 M.2.
3. Loans secured by real estate (sum of ////////////////// ////////////////// //////////////////
Memorandum items 3.a through 3.e must ////////////////// ////////////////// //////////////////
equal sum of Schedule RC-N, items 1.a and ////////////////// ////////////////// //////////////////
1.b, above): ////////////////// ////////////////// //////////////////
a. Construction and land development. . . . . . . 2759 133 2769 0 3492 190 M.3.a.
b. Secured by farmland. . . . . . . . . . . . . . 3493 0 3494 0 3495 0 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 402 5399 23 5400 293 M.3.c.(1)
(2) All other loans secured by 1-4 family ////////////////// ////////////////// //////////////////
residential properties . . . . . . . . . . 5401 7,564 5402 150 5403 4,082 M.3.c.(2)
d. Secured by multifamily (5 or more) residential ////////////////// ////////////////// //////////////////
properties . . . . . . . . . . . . . . . . . . 3499 0 3500 0 3501 2,688 M.3.d.
e. Secured by nonfarm nonresidential properties . 3502 4,615 3503 840 3504 1,208 M.3.e.
-----------------------------------------------------------------
-------------------------------------------
(Column A) (Column B)
Past due 30 Past due 90
through 89 days days or more
-------------------------------------------
Dollar Amounts in Thousands RCON Bil Mil Thou RCON Bil Mil Thou
- ------------------------------------------------------------------------------------------------
4. Interest rate, foreign exchange rate, and other ////////////////// //////////////////
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>
27
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-20
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
SCHEDULE RC-O--OTHER DATA FOR DEPOSIT INSURANCE ASSESSMENTS
<TABLE>
<CAPTION>
--------
C375 < -
----------------------
Dollar Amounts in Thousands RCON Bil Mil Thou
- ----------------------------------------------------------------------------------------------------------------------
<S> <C>
1. Unposted debits (see instructions): //////////////////
a. Actual amount of all unposted debits . . . . . . . . . . . . . . . . . . . . . . . . . . 0030 0 1.a.
OR //////////////////
b. Separate amount of unposted debits: //////////////////
(1) Actual amount of unposted debits to demand depostis. . . . . . . . . . . . . . . . . 0031 N/A 1.b.(1)
(2) Actual amount of unposted debits to time and savings deposits(1) . . . . . . . . . . 0032 N/A 1.b.(2)
2. Unposted credits (see instructions): //////////////////
a. Actual amount of all unposted credits. . . . . . . . . . . . . . . . . . . . . . . . . . 3510 0 2.a.
OR //////////////////
b. Separate amount of unposted credits: //////////////////
(1) Actual amount of unposted credits to demand deposits . . . . . . . . . . . . . . . . 3512 N/A 2.b.(1)
(2) Actual amount of unposted debits to time and savings deposits(1) . . . . . . . . . . 3514 N/A 2.b.(2)
3. Uninvested trust funds (cash) held in bank's own trust department (not included //////////////////
in total deposits) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3520 0 3.
4. Deposits of consolidated subsidiaries (not included in total deposits): //////////////////
a. Demand deposits of consolidated subsidiaries . . . . . . . . . . . . . . . . . . . . . . 2211 0 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. Not applicable.
----------------------
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: //////////////////
a. Amount reflected in demand deposits (included in Schedule RC-E, item 4 or 5, column B) . 2314 0 6.a.
b. Amount reflected in time and savings deposits(1) (included in Schedule RC-E, 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 0 7.a.
b. Unamortized discounts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5517 0 7.b.
----------------------
- ---------------------------------------------------------------------------------------------------------------------------------
----------------------
8. TO BE COMPLETED BY BANKS WITH "OAKAR DEPOSITS." //////////////////
Total "Adusted 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 663,091 8.
----------------------
- ---------------------------------------------------------------------------------------------------------------------------------
----------------------
9. Deposits in lifeline accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5596 ///////////// 9.
10. Benefit-responsive "Depository Institution Investment Contracts" (included in total //////////////////
deposits) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8432 0 10.
----------------------
_______________
(1) For FDIC insurance assessment purposes, "time and savings deposits" consists of nontransaction accounts
and all transaction accounts other than demand deposits.
</TABLE>
28
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-21
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
SCHEDULE RC-O--CONTINUED
<TABLE>
<CAPTION>
----------------------
Dollar Amounts in Thousands RCON Bil Mil Thou
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
11. Adjustments to demand deposits reported in Schedule RC-E for certain reciprocal //////////////////
demand balances: //////////////////
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.
----------------------
Memoranda (to be completed each quarter except as noted)
----------------------
Dollar Amounts in Thousands RCON Bil Mil Thou
- -----------------------------------------------------------------------------------------------------------------------
1. Total deposits of the bank (sum of Memorandum items 1.a.(1) and 1.b.(1) must equal //////////////////
Schedule RC, item 13.a): //////////////////
a. Deposit accounts of $100,000 or less: //////////////////
(1) Amount of deposit accounts of $100,000 or less ....................................... 2702 1,250,834 M.1.a.(1)
(2) Number of deposit accounts of $100,000 or less (TO BE --------------Number------ //////////////////
COMPLETED FOR THE JUNE REPORT ONLY) ........................ RCON 3779 185,959 ////////////////// M.1.a.(2)
b. Deposit accounts of more than $100,000: //////////////////
(1) Amount of deposit accounts of more than $100,000 ..................................... 2710 276,189 M.1.b.(1)
--------------Number------- //////////////////
(2) Number of deposit accounts of more than $100,000 ........... RCON 2722 1,442 ////////////////// M.1.b.(2)
2. Estimated amount of uninsured deposits 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
procedure for determining a better estimate or uninsured deposits than the ------YES-------NO----
estimate described above ................................................................. 6861 /// X M.2.a.
-----------------------
b. If the box marked YES has been checked, report the estimate of uninsured deposits RCON Bil Mil Thou
-----------------------
determined by using your bank's method or procedure .................................... 5597 N/A M.2.b.
-----------------------
- ---------------------------------------------------------------------------------------------------------------------------------
Person to whom questions about the Reports of Condition and Income should be directed: C377
-------------
DARLYA MATHEWS, ASST. CONTROLLER (612) 851-5677
- ---------------------------------------------------------------------------- --------------------------------------------
Name and Title (TEXT 8901) Area code/phone number/extension (TEXT 8902)
</TABLE>
29
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-22
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
SCHEDULE RC-R--REGULATORY CAPITAL
<TABLE>
<S> <C> <C> <C>
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.
1. TEST FOR DETERMINING THE EXTENT TO WHICH SCHEDULE RC-R MUST BE COMPLETED. TO BE COMPLETED -----------
ONLY BY BANKS WITH TOTAL ASSETS OF LESS THAN $1 BILLION. Indicate in the appropriate box C380
at the right whether the bank has total capital greater than or equal to eight percent YES NO
of adjusted total assets ................................................................... RCON 6056 /////// 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 items 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.
- --------------------------------------------------------------------- ------------------------------------------
NOTE: ALL BANKS ARE REQUIRED TO COMPLETE ITEMS 2 AND 3 BELOW. (Column A) (Column B)
SEE OPTIONAL WORKSHEET FOR ITEMS 3.a. THROUGH 3.f. Subordinated Debt (1) Other
- --------------------------------------------------------------------
Dollar Amounts in Thousands and Intermediate Limited-
2. Subordinated debt(1) and other limited-life capital instruments (orginal Term Preferred Life Capital
weighted average maturity of at least five years) with a remaining Stock Instruments
maturity of:
RCON Bil Mil Thou RCON Bil Mil Thou
--------------------------------------------
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 0 3789 0 2.d.
e. Over four years through five years .................................... 3784 0 3790 0 2.e.
f. Over five years ....................................................... 3785 0 3791 0 2.f.
3. AMOUNTS USED IN CALCULATING REGULATORY CAPITAL RATIOS (REPORT AMOUNTS /////////////////// //////////////////
DETERMINED BY THE BANK FOR ITS OWN INTERNAL REGULATORY CAPITAL ANALYSES): /////////////////// RCON Bil Mil Thou
a. TIER 1 CAPITAL ........................................................ /////////////////// 8274 181,755 3.a.
b. TIER 2 CAPITAL ........................................................ /////////////////// 8275 19,568 3.b.
c. TOTAL RISK-BASED CAPITAL .............................................. /////////////////// 3792 201,323 3.c.
d. EXCESS ALLOWANCE FOR LOAN AND LEASE LOSSES ............................ /////////////////// A222 5,153 3.d.
e. RISK-WEIGHTED ASSETS .................................................. /////////////////// A223 1,560,298 3.e.
f. "AVERAGE TOTAL ASSETS" ................................................ /////////////////// A224 2,325,713 3.f.
--------------------------------------------
--------------------------------------------
(Column A) (Column B)
ITEMS 4-9 AND MEMORANDA ITEMS 1 AND 2 ARE TO BE COMPLETED Assets Credit Equiv-
BY BANKS THAT ANSWERED NO TO ITEM 1 ABOVE AND Recorded alent Amount
BY BANKS WITH TOTAL ASSETS OF $1 BILLION OR MORE. on the of Off-Balance
Balance Sheet Sheet Items(2)
4. Assets and credit equivalent amount of off-balance sheet items RCON Bil Mil Thou RCON Bil Mil Thou
assigned to the Zero percent risk category: /////////////////// //////////////////
a. Assets recorded on the balance sheet: /////////////////// //////////////////
(1) Securities issued by, other claims on, and claims unconditionally /////////////////// //////////////////
guaranteed by, the U.S. Government and its agencies and /////////////////// //////////////////
other OECD central governments .................................... 3794 213,488 ////////////////// 4.a.(1)
(2) All other ......................................................... 3795 36,424 ////////////////// 4.a.(2)
b. Credit equivalent amount of off-balance sheet items ................... /////////////////// 3796 0 4.b.
--------------------------------------------
- ----------------
(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.
</TABLE>
30
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-23
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
SCHEDULE RC-R--CONTINUED
<TABLE>
<CAPTION>
-------------------------------------
(Column A) (Column B)
Assets Credit Equiv-
Recorded alent Amount
on the of Off-Balance
Balance Sheet Sheet Items(1)
-------------------------------------
Dollar Amounts in Thousands RCON Bil Mil Thou RCON Bil Mil Thou
- -------------------------------------------------------------------------------------- ------------------ ------------------
<S> <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 55,844 ///////////////// 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 9,883 ///////////////// 5.a.(2)
(3) All other................................................................... 3800 227,759 ///////////////// 5.a.(3)
b. Credit equivalent amount of off-balance sheet items............................ ///////////////// 3801 44,798 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 920,361 ///////////////// 6.a.
b. Credit equivalent amount of off-balance sheet items............................. ///////////////// 3803 5,139 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 986,883 ///////////////// 7.a.
b. Credit equivalent amount of off-balance sheet items............................. ///////////////// 3805 81,879 7.b.
8. On-balance sheet asset values excluded from the calculation of the ///////////////// /////////////////
risk-based capital ratio(2)........................................................ 3806 307 ///////////////// 8.
9. Total assets recorded on the balance sheet (sum of ///////////////// /////////////////
items 4.a, 5.a, 6.a, 7.a, and 8, and column A) (must equal Schedule RC, ///////////////// /////////////////
item 12 plus items 4.b and 4.c).................................................... 3807 2,450,949 ///////////////// 9.
------------------ ------------------
Memoranda
------------------
Dollar Amounts in Thousands RCON Bil Mil Thou
- -------------------------------------------------------------------------------------------------------- ------------------
<S> <C>
1. Current credit exposure across all off-balance sheet derivative contracts covered by the /////////////////
risk-based capital standards......................................................................... 8764 254 M.1.
------------------
----------------------------------------------------------------------
With a remaining maturity of
----------------------------------------------------------------------
(Column A) (Column B) (Column C)
One year or less Over one year Over five years
through five years
---------------------- ---------------------- ----------------------
2. Notional principal amounts of RCON Tril Bil Mil Thou RCON Tril Bil Mil Thou RCON Tril Bil Mil Thou
off-balance sheet derivative contracts(3): ---------------------- ---------------------- ----------------------
a. Interest rate contracts................ 3809 125,000 8766 55,000 8767 0 M.2.a.
b. Foreign exchange contracts............. 3812 0 8769 0 8770 0 M.2.b.
c. Gold contracts......................... 8771 0 8772 0 8773 0 M.2.c.
d. Other precious metals contracts........ 8774 0 8775 0 8776 0 M.2.d.
e. Other commodity contracts.............. 8777 0 8778 0 8779 0 M.2.e.
f. Equity derivative contracts............ A000 0 A001 0 A002 0 M.2.f.
---------------------- ---------------------- ----------------------
- --------------
(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.
</TABLE>
31
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394 FFIEC 032
Address: 1550 E. 79th Street Page RC-24
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
OPTIONAL NARRATIVE STATEMENT CONCERNING THE AMOUNTS
REPORTED IN THE REPORTS OF CONDITION AND INCOME
at close of business on June 30, 1996
Firstar Bank of Minnesota, N.A. Bloomington , Minnesota
- --------------------------------------- ---------------------- -------------
Legal Title of Bank City State
The management of the reporting bank may, if it wishes, submit a brief
narrative statement on the amounts reported in the Reports of Condition and
Income. This optional statement will be made available to the public, along
with the publicly available date in the Reports of Condition and Income, in
response to any request for individual bank report data. However, the
information reported in column A and in all of Memorandum item 1 of Schedule
RC-N is regarded as confidential and will not be released to the public.
BANKS CHOOSING TO SUBMIT THE NARRATIVE STATEMENT SHOULD ENSURE THAT THE
STATEMENT DOES NOT CONTAIN THE NAMES OR OTHER IDENTIFICATIONS OF INDIVIDUAL
BANK CUSTOMERS, REFERENCES TO THE AMOUNTS REPORTED IN THE CONFIDENTIAL ITEMS
IN SCHEDULE RC-N, OR ANY OTHER INFORMATION THAT THEY ARE NOT WILLING TO HAVE
MADE PUBLIC OR THAT WOULD COMPROMISE THE PRIVACY OF THEIR CUSTOMERS. Banks
choosing not to make a statement may check the "No comment" box below and
should make no entries of any kind in the space provided for the narrative
statement; i.e., DO NOT enter in this space such phrases as "No statement,"
"Not applicable," "N/A," "No comment," and "None."
The optional statement must be entered on this sheet. The statement should
not exceed 100 words. Further, regardless of the number of words, the
statement must not exceed 750 characters, including punctuation, indentation,
and standard spacing between words and sentences. If any submission should
exceed 750 characters, as defined, it will be truncated at 750 characters
with no notice to the submitting bank and the truncated statement will appear
as the bank's statement both on agency computerized records and in
computer-file releases to the public.
All information furnished by the bank in the narrative statement must be
accurate and not misleading. Appropriate efforts shall be taken by the
submitting bank to ensure the statement's accuracy. The statement must be
signed, in the space provided below, by a senior officer of the bank who
thereby attests to its accuracy.
If, subsequent to the original submission, material changes are submitted for
the date reported in the Reports of Condition and Income, the existing
narrative statement will be deleted from the files, and from disclosure; the
bank, at its option, may replace it with a statement, under signature,
appropriate to the amended data.
The optional narrative statement will appear in agency records and in release
to the public exactly as submitted (or amended as described in the preceding
paragraph) by the management of the bank (except for the truncation of
statements exceeding the 750-character limit described above). THE STATEMENT
WILL NOT BE EDITED OR SCREENED IN ANY WAY BY THE SUPERVISORY AGENCIES FOR
ACCURACY OR RELEVANCE. DISCLOSURE OF THE STATEMENT SHALL NOT SIGNIFY THAT ANY
FEDERAL SUPERVISORY AGENCY HAS VERIFIED OR CONFIRMED THE ACCURACY OF THE
INFORMATION CONTAINED THEREIN. A STATEMENT TO THIS EFFECT WILL APPEAR ON ANY
PUBLIC RELEASE OF THE OPTIONAL STATEMENT SUBMITTED BY THE MANAGEMENT OF THE
REPORTING BANK.
- -------------------------------------------------------------------------------
No comment / X / (RCON 6979) C371 C371 < -
---------------
BANK MANAGEMENT STATEMENT (please type or print clearly):
(TEXT 6980)
-------------------------------------- --------------------
Signature of Executive Officer of Bank Date of Signature
32
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: Firstar Bank of Minnesota, N.A. Call Date: 6/30/96 ST-BK: 27-5394
Address: 1550 E. 79th Street
City, State Zip: Bloomington, MN 55425
FDIC Certificate No.: 21076
</TABLE>
THIS PAGE IS TO BE COMPLETED BY ALL BANKS
- -------------------------------------------------------------------------------
NAME AND ADDRESS OF BANK OMB No. For OCC: 1557-0081
OMB No. for FDIC 3064-0052
OMB No. for Federal Reserve : 7100-0036
Expiration Date: 3/31/99
PLACE LABEL HERE
SPECIAL REPORT
(Dollar Amounts in Thousands)
-------------------------------------------------------
CLOSE OF BUSINESS FDIC CERTIFICATE NUMBER
DATE C-700 < -
6/30/96 21076
- --------------------------------------------------------------------------------
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 their executive officers made since the date of
the previous Report of Condition. Data regarding individuals 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 REGULATIONS 0) 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.
- --------------------------------------------------------------------------------
<TABLE>
<S> <C> <C>
--------------------
a. Number of loans made to executive officers since the previous Call Report date..... RCON 3561 4 a.
--------------------
b. Total dollar amount of above loans (in thousands of dollars)....................... RCON 3562 383 b.
--------------------
c. Range of interest charged on above loans -------------------------------------------------
(example 9 3/4% = 9.75)...................................RCON 7701 6.90 % to RCON 7702 18.00 % c.
-------------------------------------------------
- -----------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------
SIGNATURE AND TITLE OF OFFICER AUTHORIZED TO SIGN REPORT DATE (Month, Day, Year)
/s/Darlya Mathews 7/236/96
- ------------------------------------------------------------------------------------------------------------
NAME AND TITLE OF PERSON TO WHOM INQUIRES MAY BE DIRECTED (TEXT 8903) AREA CODE/PHONE NUMBER/EXTENSION
(TEXT 8904)
Darlya Mathews, Asst. Controller (612)851-5677
- ------------------------------------------------------------------------------------------------------------
FDIC 8040/53 (6-95)
</TABLE>
33
