EXHIBIT 7
REPORT OF CONDITION
Consolidating domestic and foreign subsidiaries of the First
Union National Bank, Charlotte, North Carolina, at the close of
business on June 30,2000 published in response to call made by
Comptroller of the Currency, under title 12, United States Code,
Section 161. Charter Number 22693 Comptroller of the Currency.
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STATEMENT OF RESOURCES AND LIABILITIES
ASSETS
THOUSAND OF DOLLARS
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Cash and balance due from depository institutions:
Noninterest-bearing balances and currency and coin........ 8,589,000
Interest-bearing balances................................. 1,556,000
Securities.................................................. /////////
Hold-to-maturity securities............................... 1,602,000
Available-for-sale securities............................. 51,963,000
Federal funds sold and securities purchases to resell...... 4,657,000
Loans and lease financing receivables:
Loan and leases, net of unearned income.....138,760,000
LESS: Allowance for loan and lease losses.....2,010,000
LESS: Allocated transfer risk reserve.................0
Loans and leases, net of unearned income, allowance, and
reserve................................................. 136,750,000
Assets held in trading accounts......................... 11,417,000
Premises and fixed assets (including capitalized leases).. 3,109,000
Other real estate owned................................... 99,000
Investment in unconsolidated subsidiaries and associated //////////
companies................................................. 253,000
Customer's liability to this bank on acceptances outstanding. 839,000
Intangible assets........................................... 3,085,000
Other assets................................................ 12,184,000
Total assets............................................... 236,103,000
LIABILITIES
Deposits:
In domestic offices................................... 134,699,000
Noninterest-bearing.....................20,255,000
Interest-bearing.......................114,434,000
In foreign offices, Edge and Agreement subsidiaries,
and IBFs............................................. 12,861,000
Noninterest-bearing........................ 586,000
Interest-bearing.........................12,275,000
Federal funds purchased and securities sold under agreements
to repurchase ............................................. 27,854,000
Demand notes issued to the U.S. Treasury................... 4,286,000
Trading liabilities........................................ 6,718,000
Other borrowed money:...................................... /////////
With original maturity of one year or less............ 16,985,000
With original maturity of more than one year thru 3 yrs. 3,181.000
With a maturity of more than three years............... 1,838,000
Not applicable ............................................. ////////
Bank's liability on acceptances executed and outstanding..... 847,000
Subordinated notes and debentures........................... 4,994,000
Other liabilities............................................ 5,787,000
Total liabilities........................................... 221,060,000
Not applicable.............................................. ///////////
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EQUITY CAPITAL
Perpetual preferred stock and related surplus................ 161,000
Common Stock................................................. 455,000
Surplus...................................................... 13,306,000
Undivided profits and capital reserves....................... 2,296,000
Net unrealized holding gains (losses) on available-for-sale /////////
securities................................................. (1,170,000)
Cumulative foreign currency translation adjustments.......... (5,000)
Total equity capital......................................... 15,043,000
Total liabilities and equity capital........................ 236,103,000
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