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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
AMENDMENT NO. 3
TO
FORM T-3
FOR APPLICATIONS FOR QUALIFICATION OF INDENTURES
UNDER THE TRUST INDENTURE ACT OF 1939
TRISM, Inc.
-----------------------------------------------------------
(Name of applicant)
4174 Jiles Road
Kennesaw, GA 30144
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(Address of principal executive offices)
SECURITIES TO BE ISSUED UNDER THE INDENTURE TO BE QUALIFIED
TITLE OF CLASS AMOUNT
-------------- ------
12% Senior Subordinated Notes Due 2005 $30,000,000
---------------------------------------
Approximate date of proposed public offering: February 11, 2000.
James G. Overley
TRISM, Inc.
4174 Jiles Road
Kennesaw, GA 30144
(Name and address of agent for service)
with a copy to:
Allan R. Williams, Esq.
Proskauer Rose LLP
1585 Broadway
New York, NY 10036
---------------------------------------
The applicant hereby amends this application for qualification on such date or
dates as may be necessary to delay its effectiveness until: (i) the 20th day
after the filing of a further amendment which specifically states that it shall
supersede this amendment, or (ii) such date as the Commission, acting pursuant
to Section 307(c) of the Trust Indenture Act of 1939, as amended (the "Act"),
may determine upon the written request of the applicant.
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GENERAL
1. General information.
(a) Form of organization: Corporation
(b) State or other sovereign power under the laws of which organized:
Delaware
2. Securities Act exemption applicable. TRISM, Inc. (the "Applicant" or the
"Company") relies upon the exemption from the registration requirements of the
Securities Act of 1933, as amended (the "Securities Act") (and the equivalent
state securities or "blue sky" laws) provided by Section 3(a)7 of the Securities
Act and Section 1145(a)(1) of Title 11, United States Code, 11 U.S.C. ss.ss. 101
et seq. (the "Bankruptcy Code") as the basis for its claim that the registration
of the offer and sale, pursuant to the Plan (as defined below) of the 12% Senior
Subordinated Notes due 2005 (the "Notes") to be issued by the Company under an
indenture (the "Indenture") to be dated as of the effective date of the Plan
(the "Effective Date"), among the Company and U.S. Bank Trust National
Association, as trustee (to be named by amendment)(the "Trustee"), is not
required under the Securities Act. Section 3(a)7 of the Securities Act provides
that the provisions of the Securities Act do not apply to any certificates
issued by a receiver or by a trustee or debtor in possession in a case under
Title 11 of the Bankruptcy Code, with the approval of the court. Generally,
Section 1145(a)(1) of the Bankruptcy Code exempts the issuance of securities
from the requirements of the Securities Act and the equivalent state securities
and "blue sky" laws if the following conditions are satisfied: (1) the
securities are issued by a debtor, an affiliate participating in a joint plan of
reorganization with the debtor, or a successor of the debtor under a plan of
reorganization, (2) the recipients of the securities hold a claim against, an
interest in, or a claim for an administrative expense against, the debtor and
(3) the securities are issued entirely in exchange for the recipient's claim
against or interest in the debtor, or are issued "principally" in such exchange
and "partly" for cash or property.
On September 16, 1999, the Company, Trism Heavy Haul, Inc., Trism
Specialized Carriers, Inc., Trism Special Services, Inc., Trism Secured
Transportation, Inc., Diablo Systems, Inc., Trism Eastern, Inc., Tri-State Motor
Transit Co., Trism Logistics, Inc. and Trism Equipment, Inc. filed petitions for
relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy
Court for the District Court of Delaware. The Company has continued to operate
its business and manage its properties as a debtor-in-possession pursuant to
Section 1107 and 1108 of the Bankruptcy Code.
The Company proposes to issue the Notes pursuant to its Joint Plan of
Reorganization dated October 25, 1999 ("Plan"). The Second Amended Disclosure
Statement dated October 25, 1999 was distributed to holders of claims against or
interests in the Company for the purpose of soliciting their votes for the
acceptance or rejection of the Plan. The Disclosure Statement was approved by
the Bankruptcy Court on October 25, 1999. The Plan was confirmed at a hearing
held on December 9, 1999.
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AFFILIATIONS
3. Affiliates. The following diagram sets forth the relationship among the
Company and all of its affiliates, including their respective percentages of
voting securities, as of November 30, 1999.
TRISM, Inc. (100%)
|-------Trism Heavy Haul, Inc. (100%)
| |------E.L. Powell & Sons Trucking Co., Inc.
| |------Trism Specialized Carriers, Inc. (100%)
| |------Trism Special Services, Inc.
|
|-----------------Trism Secured Transportation, Inc. (100%)
| |-----Diablo Systems, Incorporated
| |-----Trism Eastern, Inc.
| |-----Tri-State Motor Transit Co. (100%)
| |------Aero Body and Truck Equipment, Inc.
|
|-------Trism Transport, Inc. (100%)
| |------Trism Transport Services, Inc.
|
|-------Trism Logistics, Inc.
|
|-------Trism Equipment, Inc.
Certain directors and executive officers of the Company identified in Item
4 below may be deemed to be affiliates of the Company.
As of the Effective Date, Merrill Lynch Asset Management, L.P. and certain
funds identified in Item 5 below may be deemed affiliates of the Company.
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MANAGEMENT AND CONTROL
4. Directors and executive officers. The following table sets forth the
name and complete mailing addresses of all directors and executive officers of
the Applicant as of November 30, 1999.
NAME AND ADDRESS* OFFICE
Edward L. McCormick President, Chief Executive Officer and
Director
J. Barry Moody Executive Vice President, Operations
Glenn Kavanagh Senior Vice President, Sales and Marketing
Ralph S. Nelson Senior Vice President,
General Counsel and Secretary
James G. Overley Senior Vice President,
Chief Financial Officer and Treasurer
Walter E. Prince Senior Vice President,
Maintenance and Equipment
E. Virgil Conway Director
Julian H. Gingold Director
James F. Higgins Director
William Legg Director
John L. Ray Director
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* The address of each director and executive officer is c/o TRISM, Inc., 4174
Jiles Road, Kennesaw, GA 30144.
Upon the Effective Date, all of the directors of the Company, except Edward
L. McCormick, will resign and new directors will be appointed. The new directors
will be Thomas P. Krasner, Dana L. Manner, John S. Albanese and Randall B.
Kominsky. The address of each new director is c/o TRISM, Inc., 4174 Jiles Road,
Kennesaw, GA 30144.
The executive officers of the Company will remain the same immediately
following the Effective Date.
5. Principal owners of voting securities. The following table, as of
November 30, 1999, sets forth the security ownership of each person who was
known by the Company to beneficially own more than 10 percent of the voting
securities of the Applicant.
PERCENTAGE
OF VOTING
NAME AND COMPLETE AMOUNT SECURITIES
MAILING ADDRESS TITLE OF CLASS OWNED OWNED OWNED
----------------- -------------------- ------- ----------
James F. Higgins Common Stock 584,324 10.2
c/o TRISM, Inc.
4174 Jiles Road
Kennesaw, GA 30144
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Set forth below is the security ownership of each person that is expected
to beneficially own more than 10 percent of the voting securities of the
Applicant after the Effective date.
PERCENTAGE
OF VOTING
NAME AND COMPLETE AMOUNT SECURITIES
MAILING ADDRESS TITLE OF CLASS OWNED OWNED OWNED
----------------- -------------------- --------- ----------
Merrill Lynch Asset(1) Common Stock 564,635(2) 29.7(2)
Management, L.P.
800 Scudders Mill Road
Plainsboro, NJ 08536
(1) Merrill Lynch Asset Management, L.P. acts as investment advisor for
Corporate High Yield Fund, Inc., Corporate High Yield Fund II, Inc.,
Corporate High Yield Fund III, Inc., Debt Strategies Fund, Inc.,
Merrill Lynch Debit Strategies Portfolio, Inc., Senior High Income
Portfolio, Inc. and Merrill Lynch Phoenix Fund, Inc. and may be deemed
the beneficial owner of the securities held by each of the foregoing.
(2) Approximate.
UNDERWRITERS
6. Underwriters.
(a) Persons acting as underwriters within the last three years: Not
applicable
(b) Proposed principal underwriter of securities proposed to be
offered: Not applicable
CAPITAL SECURITIES
7. Capitalization. (a) Pursuant to the Plan, the Company's Certificate of
Incorporation will be amended to provide for, among other things, the
authorization of 5,000,000 shares of new Common Stock, $.01 par value (the "New
Common Stock").
The following table sets forth, as of November 30, 1999, certain
information as to each authorized class of securities of the Applicant:
TITLE OF CLASS AMOUNT AUTHORIZED AMOUNT OUTSTANDING
-------------- ----------------- ------------------
Common Stock 10,000,000 5,702,137
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The following table sets forth, as of the Effective Date, certain
information as to each authorized class of securities of the Applicant:
TITLE OF CLASS AMOUNT AUTHORIZED AMOUNT OUTSTANDING
---------------- ----------------- ------------------
New Common Stock 5,000,000 2,000,000
(b) Each holder of shares of Common Stock is entitled to one vote for each
outstanding share of Common Stock owned by him on each matter properly submitted
to the stockholders for their vote. The Common Stock will be canceled on the
Effective Date. Each holder of shares of New Common Stock will be entitled to
one vote for each outstanding share of New Common Stock owned by him on each
matter properly submitted to the stockholders for their vote.
INDENTURE SECURITIES
8. Analysis of indenture provisions.
The following analysis of the indenture provisions is required under
Section 305(a)(2) of the Trust Indenture Act of 1939, as amended.
Events of Default; Withholding of Notice of Default
---------------------------------------------------
(a) Pursuant to the Indenture, an "Event of Default" will occur if:
(1) the Company defaults in the payment of interest on any Notes when the
same becomes due and payable, and the default continues for a period of 30 days;
(2) the Company defaults in the payment of the principal of (or premium, if
any, on) any Note when the same becomes due and payable, at maturity, upon
acceleration, redemption or otherwise (including the failure to purchase (or
offer to purchase) Notes tendered pursuant to the terms of the Indenture);
(3) the Company or any guarantor under the Indenture fails to comply with
any other agreement or covenant contained in the Notes, the Indenture or the
registration rights agreement, and the default continues for the period and
after the notice specified in the Indenture;
(4) there shall be a default under any bond, debenture or other evidence of
indebtedness of the Company or any guarantor under the Indenture having an
aggregate amount in excess of $3,000,000, or under any mortgage, security
agreement, indenture or other instrument under which there may be issued or by
which there may be secured or evidenced any such indebtedness, if such default
either (A) results from the failure to pay principal or interest on any
indebtedness or (B) relates to an obligation other than the obligation to pay
principal or interest on any indebtedness and results in the holder or holders
of such indebtedness causing such indebtedness to become due prior to its stated
maturity;
(5) any guarantee under the Indenture required to be in full force and
effect by the terms of the Indenture ceases to be in full force and effect or is
declared null and void or otherwise not enforceable against any guarantor under
the Indenture in accordance with its terms, or any of the guarantors under the
Indenture repudiates its obligations under its guarantee or denies that it has
any further liability under the guarantee or gives notice to such effect (other
than by reason of the termination of the Indenture or the release of any such
guarantor), or any guarantor under the Indenture repudiates its obligations
under its guarantee of the Notes or if a final judicial determination is made
that such guarantee is not enforceable against any guarantor in accordance with
its terms;
(6) the Company or any guarantor under the Indenture pursuant to or within
the meaning of any bankruptcy law:
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(a) admits in writing its inability to pay its debts generally as they
become due;
(b) commences a voluntary case or proceeding;
(c) consents to the entry of a judgment, decree or order for relief against
it in an involuntary case or proceeding;
(d) consents to the appointment of a custodian of it or for all or
substantially all of its property;
(e) consents to or acquiesces in the institution of a bankruptcy or an
insolvency proceeding against it;
(f) makes a general assignment for the benefit of its creditors; or
(g) takes any corporate action to authorize or effect any of the foregoing;
(7) a court of competent jurisdiction enters a judgment, decree or order
under any bankruptcy law that is for relief against the Company or any guarantor
under the Indenture, in an involuntary case or proceeding which shall (A)
approve a petition seeking reorganization, arrangement, adjustment or
composition in respect of the Company or any guarantor under the Indenture, (B)
appoint a custodian of the Company or any guarantor under the Indenture, or for
substantially all of its property, or (C) order the winding-up or liquidation of
its affairs, and in each case the judgment, order or decree remains unstayed and
in effect for 60 days;
(8) any warrant of attachment is issued against any property of the Company
or any guarantor under the Indenture having a value of at least $3 million,
which warrant is not released, stayed or bonded against within 60 days after
service of process with respect thereto;
(9) any final judgments or orders not covered by insurance (which insurance
has been issued by a financially sound insurer that is not an affiliate of the
Company and that has not disclaimed or threatened to disclaim coverage) for the
payment in money which individually or in an aggregate amount at any one time
exceeds, $3 million shall be rendered against the Company, any guarantor under
or any of their respective subsidiaries by a court of competent jurisdiction
shall remain unstayed, undischarged or unbonded for a period of 60 days after
judgement becomes final and nonappealable; or
(10) there shall be any failure to procure and maintain property and
liability insurance continuing, in the case of failure to maintain such
insurance, until the earlier of (A) 30 days after notice to the Company or any
of its subsidiaries or the trustee of the lapse or cancellation of such
insurance, and (B) the date such lapse or cancellation is effective as to the
trustee.
If a default or event of default occurs and is continuing and if it is
known to the Trustee, the Trustee shall mail to each holder of Notes notice of
the uncured default or event of default within 90 days after such default or
event of default occurs. Except in the case of a default or an event of default
in payment of principal of, or interest on, any Note, including the failure to
make a net proceeds purchase, the Trustee may withhold the notice if and so long
as its Board of Directors, the executive committee of its Board of Directors or
a committee of its directors and/or Trust Officers in good faith determines that
withholding the notice is in the interest of the holders.
Authentication and Delivery of the Notes; Application of the Proceeds
---------------------------------------------------------------------
Pursuant to the Indenture, the Trustee shall authenticate the Notes for
original issue in the aggregate principal amount of up to $30,000,000, upon a
written order of the Company in the form of an officers' certificate. The
officers' certificate shall specify the amount of Notes to be authenticated and
the date on which the Notes are to be authenticated.
There will be no proceeds from the issuance of the Notes.
Release or Release and Substitution of Property subject to the Lien of the
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Indenture
- ---------
The Notes are not secured by any assets of the Company.
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Satisfaction and Discharge of the Indenture
-------------------------------------------
Pursuant to the Indenture, the Company at its option, subject to the
satisfaction of the conditions set forth below, will be deemed to have been
discharged from its obligations with respect to all outstanding Notes on the
date the conditions set forth below are satisfied (hereinafter, "Legal
Defeasance").
In order to exercise Legal Defeasance:
(i) the Company must irrevocably deposit with the Trustee or paying
agent, in trust, for the benefit of the holders, U.S. legal tender, U.S.
government obligations which, through the scheduled payment of principal
and interest in respect as will be sufficient to pay the principal of,
premium, if any, and interest on the Notes on the stated date for payment
thereof or on the applicable redemption date, as the case may be;
(ii)the Company shall have delivered to the Trustee an opinion of
counsel in the United States reasonably acceptable to the Trustee
confirming that (A) the Company has received from, or there has been
published by, the Internal Revenue Service a ruling or (B) since the date
of the Indenture, there has been a change in the applicable federal income
tax law, in either case to the effect that the holders of the Notes will
not recognize income, gain or loss for U.S. federal income tax purposes as
a result of such Legal Defeasance and will be subject to U.S. federal
income tax on the same amounts, in the same manner and at the same time as
would have been the case if such Legal Defeasance had not occurred.
(iii) no default or event of default shall have occurred and be
continuing on the date of such deposit (other than a default or event of
default resulting from the incurrence of Indebtedness) all or a portion of
the proceeds of which will be used to defease the Notes.
(iv) such Legal Defeasance shall not result in a breach or violation
of, or constitute a default under, the Indenture, or a default under any
other material agreement or instrument to which the Company or any of its
subsidiaries is a party or by which the Company or any of its subsidiaries
is bound;
(v) the Company shall have delivered to the Trustee an opinion of
counsel to the effect that the trust funds will not be subject to any
rights of holders of indebtedness which is senior to the Notes, and to the
effect that after the 91st day following the deposit, such trust funds will
not be subject to the effect of any applicable bankruptcy, insolvency,
reorganization or similar laws affecting creditors' rights generally;
(vi) the Company shall have delivered to the Trustee an officers'
certificate stating that the deposit was not made by the Company with the
intent of preferring the holders over any other creditors of the Company or
with the intent of defeating, hindering, delaying or defrauding an other
creditors of the Company;
(vii) the Company shall have delivered to the Trustee an officers'
certificate and an opinion of counsel, each stating that all conditions
precedent provided for or relating to the Legal Defeasance have been
complied with; and
(viii) such Legal Defeasance shall not cause the Trustee to have a
conflicting interest within the meaning of the Trust Indenture Act of 1939,
as amended.
Evidence to be Furnished to Trustee as to Compliance with Conditions and
------------------------------------------------------------------------
Covenants
- ---------
The Company and each guarantor under the Indenture shall deliver to the
Trustee within 45 days after the end of each of the first three fiscal quarters
of each fiscal year of the Company, and within 120 days after the end of the
last fiscal quarter of each such fiscal year, an officers' certificate, stating
that a review of its activities and the activities of its subsidiaries during
the preceding fiscal quarter (or, in the case of the last fiscal quarter, the
preceding fiscal year) with a view to determining whether each has kept,
observed, performed and fulfilled its obligations under the Indenture and
further stating, as to each such officer signing such certificate, that to the
best of his knowledge the Company and its respective subsidiaries during such
preceding fiscal quarter (or year, as appropriate) has kept, observed, performed
and fulfilled each and every such covenant and that no default or event of
default under the Indenture or, if such signers do know of such an occurrence,
the certificate shall describe the occurrence and its status with particularity.
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The Company shall and shall cause each of its subsidiaries to deliver to
the Trustee, forthwith upon becoming aware, and in any event within 5 days after
the occurrence, of any default or event of default under the Indenture.
Whether or not the Company is subject to Section 13 or 15(d) of the
Exchange Act, or any successor provision thereto, the Company shall file with
the Commission the annual reports, quarterly reports and other documents which
the Company would have been required to file with the Commission pursuant to
such Section 13 or 15(d) or any successor provision thereto if the Company were
subject thereto, such documents to be filed with the Commission on or prior to
the respective dates (the "Required Filing Dates") by which the Company would
have been required to file them. The Company shall also (whether or not it is
required to file reports with the Commission), within 30 days of each Required
Filing Date, file with the Trustee, copies of the annual reports, quarterly
reports and other documents (without exhibits) which the Company has filed or
would have filed with the Commission pursuant to Section 13 or 15(d) of the
Exchange Act, any successor provisions thereto or this covenant. The Trustee
shall furnish copies of any such reports and other documents to any holder upon
such holder's written request. The Company shall not be required to file any
report with the Commission if the Commission does not permit such filing. The
Company shall also comply with the other provisions of Section 314(a) of the
Trust Indenture Act of 1939, as amended.
9. Other obligors. Set forth below is the name and complete mailing address
of each person, other than the Applicant, who is an obligor upon the indenture
securities.
(a) Trism Heavy Haul, Inc.
(b) E.L. Powell & Sons Trucking Co., Inc.
(c) Trism Specialized Carriers, Inc.
(d) Trism Special Services, Inc.
(e) Trism Secured Transportation, Inc.
(f) Diablo Systems, Inc.
(g) Trism Eastern, Inc.
(h) Tri-State Motor Transit Co.
(i) Aero Body and Truck Equipment, Inc.
(j) Trism Transport, Inc.
(k) Trism Transport Services, Inc.
(l) TRISM Logistics, Inc.
(m) TRISM Equipment, Inc.
The address of each of the obligors is c/o TRISM, Inc., 4174 Jiles Road,
Kennesaw, GA 30144.
CONTENTS OF APPLICATION FOR QUALIFICATION
This application for qualification comprises:
(a) Pages numbered 1 to 10, consecutively.
(b) The statement of eligibility and qualification of the trustee on Form
T-1 under the indenture to be qualified, which statement will be filed by
amendment.
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(c) The following exhibits in addition to those filed as a part of the
statement of eligibility and qualification of each trustee.
Exhibit T3A-1 Certificate of Incorporation, as amended through January
21, 1993 (Incorporated by reference to the Company's
Registration Statement on Form S-1 (Registration No.
33-71222), initially filed with the Securities and
Exchange Commission on November 4, 1993, as amended).
Exhibit T3B-1 By-laws of TRISM, Inc. (Incorporated by reference to the
Company's Registration Statement on Form S-1
(Registration No. 33-71222), initially filed with the
Securities and Exchange Commission on November 4, 1993,
as amended)
Exhibit T3C-1* Indenture to be dated as of the Effective Date between
TRISM, Inc. and the Guarantors named therein and U.S.
Bank Trust National Association, as Trustee.
Exhibit T3D Not applicable.
Exhibit T3E-1* Second Amended Joint Plan of Reorganization under
Chapter 11 of the Bankruptcy Code dated October 25,
1999.
Exhibit T3F-1* Cross reference sheet showing the location in the
Indenture of the provisions inserted therein pursuant to
Sections 310 through 318(a), inclusive, of the Trust
Indenture Act of 1939, as amended.
Exhibit T3G-1 Trustee's Statement of Eligibility on Form T-1 of the
Trust Indenture Act of 1939, as amended.
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* Previously filed.
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SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the
applicant, TRISM, Inc., a corporation organized and existing under the laws of
Delaware, has duly caused this application 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 Kennesaw, and State of Georgia, on the 9th day of
February, 2000.
(SEAL) TRISM, INC.
By: /s/ Ralph S. Nelson
---------------------------------
Ralph S. Nelson
Senior Vice President and General
Counsel
Attest:
By: /s/ James G. Overley
-------------------------
James G. Overley
Senior Vice President and
Chief Financial Officer
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Exhibit T3G-1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------
FORM T-1
Statement of Eligibility Under the
Trust Indenture Act of 1939 of a Corporation
Designated to Act as Trustee
U.S. BANK TRUST NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)
United States 41-0257700
(State of Incorporation) (I.R.S. Employer Identification No.)
U.S. Bank Trust Center
180 East Fifth Street
St. Paul, Minnesota 55101
(Address of Principal Executive Offices) (Zip Code)
U.S. BANK TRUST NATIONAL ASSOCIATION
100 WALL STREET, SUITE 1600
NEW YORK, NEW YORK 10005
(212) 361-2524
(Name, address and telephone number of agent for service)
TRISM, INC.
(Exact name of Registrant as specified in its charter)
Delaware 13-3491658
(State of Incorporation) (I.R.S. Employer Identification No.)
4174 Jiles Road
Kennesaw, GA 30144
(Address of Principal Executive Offices) (Zip Code)
12% SENIOR SUBORDINATED NOTES DUE 2005
(Title of the Indenture Securities)
<PAGE> 2
GENERAL
1. General Information Furnish the following information as to the Trustee.
-------------------
(a) Name and address of each examining or supervising authority to which it
is subject.
Comptroller of the Currency
Washington, D.C.
(b) Whether it is authorized to exercise corporate trust powers.
Yes
2. AFFILIATIONS WITH OBLIGOR AND UNDERWRITERS If the obligor or any
------------------------------------------
underwriter for the obligor is an affiliate of the Trustee, describe each
such affiliation.
None
See Note following Item 16.
Items 3-15 are not applicable because to the best of the Trustee's
knowledge the obligor is not in default under any Indenture for which the
Trustee acts as Trustee.
16. LIST OF EXHIBITS List below all exhibits filed as a part of this statement
----------------
of eligibility and qualification.
1. Copy of Articles of Association.*
2. Copy of Certificate of Authority to Commence Business.*
3. Authorization of the Trustee to exercise corporate trust powers
(included in Exhibits 1 and 2; no separate instrument).*
4. Copy of existing By-Laws.*
5. Copy of each Indenture referred to in Item 4. N/A.
<PAGE> 3
6. The consents of the Trustee required by Section 321(b) of the Act.
7. Copy of the latest report of condition of the Trustee published pursuant
to law or the requirements of its supervising or examining authority.
- ------------
* Incorporated by reference to Registration Number 22-27000.
3
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NOTE
The answers to this statement insofar as such answers relate to what
persons have been underwriters for any securities of the obligors within three
years prior to the date of filing this statement, or what persons are owners of
10% or more of the voting securities of the obligors, or affiliates, are based
upon information furnished to the Trustee by the obligors. While the Trustee has
no reason to doubt the accuracy of any such information, it cannot accept any
responsibility therefor.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the
Trustee, U.S. Bank Trust National Association, an Association organized and
existing under the laws of the United States, has duly caused this statement of
eligibility and qualification to be signed on its behalf by the undersigned,
thereunto duly authorized, and its seal to be hereunto affixed and attested, all
in the City of Saint Paul and State of Minnesota on the 4th day of February,
2000.
U.S. BANK TRUST NATIONAL ASSOCIATION
/s/ Lori-Anne Rosenberg
----------------------
Lori-Anne Rosenberg
Assistant Vice President
/s/ Harry H. Hall, Jr.
- ------------------------
Harry H. Hall, Jr.
Assistant Secretary
4
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EXHIBIT 6
CONSENT
In accordance with Section 321(b) of the Trust Indenture Act of 1939, the
undersigned, U.S. BANK TRUST NATIONAL ASSOCIATION hereby consents that reports
of examination of the undersigned by Federal, State, Territorial or District
authorities may be furnished by such authorities to the Securities and Exchange
Commission upon its request therefor.
Dated: February 4, 2000
U.S. BANK TRUST NATIONAL ASSOCIATION
/s/ Lori-Anne Rosenberg
-----------------------
Lori-Anne Rosenberg
Assistant Vice President
5
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FEDERAL DEPOSIT INSURANCE CORPORATION
OMS NUMBER: 3064-0052
OFFICE OF THE COMPTROLLER OF THE CURRENCY
OMB NUMBER: 1557-0081
EXPIRES MARCH 31, 2002
FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
- --------------------------------------------------------------------------------
[1]
[LOGO] PLEASE REFER TO PAGE 1.
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
$100 MILLION OR MORE BUT LESS THAN $300 MILLION -- FFIEC 033
REPORT AT THE CLOSE OF BUSINESS SEPTEMBER 30, 1999 (19990930)
-----------
(PCN 9999)
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).
This report form is to be filed by banks with domestic offices only. Banks
with foreign offices (as defined in the instructions) must file FFIEC 031.
- --------------------------------------------------------------------------------
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, /s/ Merita D. Schollmeier, Vice President
---------------------------------------------------
Name and Title of Officer Authorized to Sign Report
of the named bank do hereby declare that the Reports of Condition and Income
(including the supporting schedules) for this report date 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/ Merita D. Schollmeier
- ------------------------------------------------------
Signature of Officer Authorized to Sign Report
10/14/99
- ------------------------------------------------------
Date of Signature
The Reports of Condition and Income are to be prepared in accordance with
Federal regulatory authority instructions.
We, the undersigned directors (trustees), attest to the correctness of the
Report of Condition (including the supporting schedules) for this report date
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 regulatory authority and is true and correct.
/s/ ILLEGIBLE
- ------------------------------------------------------
Director (Trustee)
/s/ ILLEGIBLE
- ------------------------------------------------------
Director (Trustee)
/s/ ILLEGIBLE
- ------------------------------------------------------
Director (Trustee)
- --------------------------------------------------------------------------------
SUBMISSION OF REPORTS
Each bank must prepare its Reports of Condition and Income either:
(a) in electronic form and then file the computer data file directly with the
banking agencies' collection agent, Electronic Data Systems Corporation
(EDS), by modem or on computer diskette; or
(b) in hard-copy (paper) form and arrange for another party to convert the
paper report to electronic form. That party (if other than EDS) must
transmit the bank's computer data file to EDS.
For electronic filing assistance, contact EDS Call Report Services, 2150 N.
Prospect Ave., Milwaukee, WI 53202, telephone (800) 255-1571.
To fulfill the signature and attestation requirement for the Reports of
Condition and Income for this report date, attach this signature page (or a
photocopy or a computer-generated version of this page) to the hard-copy record
of the completed report that the bank places in its files.
- --------------------------------------------------------------------------------
FDIC Certificate Number 90319
---------
(illegible copy)
http://www.usbank.com
--------------------------------------------------------------------
Primary Internet Web Address of Bank (Home Page), if any (ITEXT 4067)
(Example: www.examplebank.com)
Call No. 209 033 9/30/99
STBK: 27-5510 STCERT: 27-90319
U.S. Bank Trust National Association
180 East Fifth Street
St. Paul, MN 55101
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, FEDERAL DEPOSIT INSURANCE
CORPORATION, OFFICE OF THE COMPTROLLER OF THE CURRENCY
<PAGE> 7
FFIEC 033
Page 1
[2]
CONSOLIDATED REPORTS OF CONDITION AND INCOME FOR
A BANK WITH DOMESTIC OFFICES ONLY AND TOTAL
ASSETS OF $100 MILLION OR MORE BUT LESS THAN $300 MILLION
- --------------------------------------------------------------------------------
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 on Loans and
Leases and Changes in Allowance for Credit Losses RI-4, 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-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 (to be completed for the
June report only; not included in the
forms for the September and
December reports) RC-7a, 7b
Schedule RC-E--Deposit Liabilities RC-8, 9
Schedule RC-F--Other Assets RC-10
Schedule RC-G--Other Liabilities RC-10
Schedule RC-K--Quarterly Averages RC-11
Schedule RC-L--Off-Balance Sheet Items RC-12, 13, 14
Schedule RC-M--Memoranda RC-14, 15
Schedule RC-N--Past Due and Nonaccrual
Loans, Leases, and Other Assets RC-16
Schedule RC-O--Other Data for Deposit
Insurance and FICO Assessments RC-17, 18
Schedule RC-R--Regulatory Capital RC-19, 20
Optional Narrative Statement Concerning
the Amounts Reported in the Reports
of Condition and Income RC-21
Special Report (to be completed by all banks)
DISCLOSURE OF ESTIMATED BURDEN
The estimated average burden associated with this information collection is 34.1
hours per respondent and is estimated to vary from 16 to 400 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.
A Federal agency may not conduct or sponsor, and an organization (or a person)
is not required to respond to a collection of information, unless it displays a
currently valid OMB control number. 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 Reports Analysis and Quality Control Section, 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> 8
U.S. BANK TRUST NATIONAL ASSOCIATION
180 EAST FIFTH STREET
ST. PAUL, MN 55101
CALL DATE: 09/30/1999 ST-BK: 275510 FFIEC 033
PAGE RI-1
VENDOR ID: D CERT: 90319
3
TRANSIT NUMBER: 09600069
Consolidated Report of Income
for the period January 1, 1999 - September 30, 1999
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>
I280 < -
Dollar Amounts in Thousands
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Interest income:
a. Interest and fee income on loans(1): RIAD
----
(1) Real estate loans__________________________________________________________________4246. . 0 1.a.1
(2) Installment loans__________________________________________________________________4247. . 0 1.a.2
(3) Credit cards and related plans_____________________________________________________4248. . 0 1.a.3
(4) Commercial (time and demand) and all other loans___________________________________4249. . 0 1.a.4
b. Income from lease financing receivables:
(1) Taxable leases_____________________________________________________________________4505. . 0 1.b.1
(2) Tax-exempt leases__________________________________________________________________4307. . 0 1.b.2
c. Interest income on balances due from depository institutions(2)_________________________4115. . 0 1.c
d. Interest and dividend income on securities:
(1) U.S. Treasury securities and U.S. Government agency obligations (including
mortgage-backed securities issued or guaranteed by FNMA, FHLMC or GNMA)____________4027. . 21 1.d.1
(2) Securities issued by states and political subdivisions in the U.S.:
(a) Taxable securities____________________________________________________________4506. . 0 1.d.2a
(b) Tax-exempt securities_________________________________________________________4507. . 0 1.d.2b
(3) Other domestic debt securities (including mortgage-backed securities
not issued or guaranteed by FNMA, FHLMC or GNMA)__________________________________3657. . 0 1.d.3
(4) Foreign debt securities____________________________________________________________3658. . 0 1.d.4
(5) Equity securities (including investments in mutual funds)__________________________3659. . 34 1.d.5
e. Interest income from trading assets_____________________________________________________4069. . 0 1.c
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. . 55 1.g
</TABLE>
- -------------
(1) See instructions for loan classifications used in this schedule.
(2) Includes interest income on time certificates of deposit not held
for trading.
<PAGE> 9
U.S. BANK TRUST
NATIONAL ASSOCIATION Call Date: 09/30/1999 ST-BK: 275510 FFIEC 033
180 EAST FIFTH STREET
ST. PAUL, MN 55101 Vendor ID: D CERT: 90319 Page RI-2
Transit Number: 09600069 4
Schedule RI - Continued
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
RIAD Year-to-date
2. Interest expense:
a. Interest on deposits:
(1) Transaction accounts (NOW accounts, ATS accounts, and
telephone and preauthorized transfer accounts) ............. 4508 .. 0 .......... 2.a.1
(2) Nontransaction accounts:
(a) Money market deposit accounts (MMDAs) .................. 4509 .. 0 .......... 2.a.2a
(b) Other savings deposits ................................. 4511 .. 0 .......... 2.a.2b
(c) Time deposits of $100,000 or more ...................... A517 .. 0 .......... 2.a.2c
(d) Time deposits of less than $100,000 .................... A518 .. 0 .......... 2.a.2d
b. Expense of federal funds purchased and securities sold under
agreements to repurchase ....................................... 4180 .. 0 .......... 2.b
c. Interest on demand notes issued to the U.S. Treasury, trading
liabilities, and on other borrowed money ....................... 4185 .. 0 .......... 2.c
d. Not applicable.
e. Interest on subordinated notes and debentures .................. 4200 .. 0 .......... 2.e
f. Total interest expense (sum of items 2.a through 2.e) .......... 4073 .. 0 .......... 2.f
3. Net interest income (item 1.g minus 2.f) .......................... 4074 ........... 55 3.
4. Provisions:
a. Provision for credit losses .................................... 4230 ........... 0 4.a
b. Provision for allocated transfer risk .......................... 4243 ........... 0 4.b
5. Noninterest income:
a.Income from fiduciary activities ................................ 4070 .. 51,436 .......... 5.a
b. Service charges on deposit accounts ............................ 4080 .. 0 .......... 5.b
c. Trading revenue (must equal Schedule RI, sum of Memorandum
items 8.a through 8.d) ......................................... A220 .. 0 .......... 5.c
d. Not applicable.
e. Not applicable.
f. Other noninterest income:
(1) Other fee income ........................................... 5407 .. 23,578 .......... 5.f.1
(2) All other noninterest income* .............................. 5408 .. 20,564 .......... 5.f.2
g. Total noninterest income (sum of items 5.a through
5.f.(2)) ....................................................... 4079 ........... 95,578 5.g
6. a. Realized gains (losses) on held-to-maturity securities ......... 3521 ........... 0 6.a
b. Realized gains (losses) on available-for-sale securities ....... 3196 ........... 0 6.b
7. Noninterest expense:
a. Salaries and employee benefits ................................. 4135 .. 36,305 .......... 7.a
b. Expenses of premises and fixed assets (net of rental income)
(excluding salaries and employee benefits and mortgage
interest)....................................................... 4217 .. 4,884 .......... 7.b
c. Other noninterest expense* ..................................... 4092 .. 23,747 .......... 7.c
d. Total noninterest expense (sum of items 7.a through 7.c) ....... 4093 ........... 64,936 7.d
8. Income (loss) before income taxes and extraordinary items and
other adjustments (item 3 plus or minus items 4.a, 4.b, 5.g,
6.a, 6.b, and 7.d) ................................................ 4301 ........... 30,697 8.
9. Applicable income taxes (on item 8) ............................... 4302 ........... 12,180 9.
10. Income (loss) before extraordinary items and other adjustments
(item 8 minus 9) .................................................. 4300 ........... 18,517 10.
11. Extraordinary items and other adjustments, net of income taxes* ... 4320 ........... 0 11.
12. Net income (loss) (sum of items 10 and 11) ........................ 4340 ........... 18,517 12.
</TABLE>
- -------------
* Describe on Schedule RI-E - Explanations.
<PAGE> 10
U.S. BANK TRUST Call Date: 09/30/1999 ST-BK: 275510 FFIEC 033
NATIONAL ASSOCIATION
180 EAST FIFTH STREET Vendor ID: D CERT: 90319 Page RI-3
ST. PAUL, MN 55101
Transit Number: 09600069 5
Schedule RI - Continued
I281 (left arrow)
<TABLE>
<CAPTION>
Dollar Amounts
in Thousands
- --------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Year-to-date
Memoranda RIAD
1. Interest expense incurred to carry tax-except
securities, loans, and leases acquired after
August 7, 1986, that is not deductible for
federal income tax purposes.................... 4513. . 0 M.1
2. Income from the sale and servicing of mutual
funds and annuities (included in Schedule RI,
item 8)........................................ 8431. . 0 M.2
3. Not applicable
Number
------
4. Number of full-time equivalent employees at end
of current period (round to nearest whole
number)........................................ 4150. . 1,027 M.4
5. Interest and fee income on tax-exempt
obligations (other than securities and leases)
of states and political subdivisions in the
U.S. (reportable in Schedule RC-C, part I,
item 8) included in Schedule RI, item 1.a
above.......................................... 4504. . 0 M.5
6. To be completed by banks with loans to finance
agricultural production and other loans to
farmers (Schedule RC-C, part I, item 3)
exceeding five percent of total loans. Interest
and fee income on agricultural loans included
in item 1.a above.............................. 4251. . 0 M.6
7. If the reporting bank has restated its balance
sheet as a result of applying push down CCYY MM DD
accounting this calendar year, report the date
of the bank's acquisition (1).................. 9106. . N/A M.7
8. Trading revenue (from cash instruments and
off-balance sheet derivative instruments) (sum
of Memorandum items 8.a through 8.d must equal
Schedule RI, item 5.c):
RIAD Year-to-date
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. . 0 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. Not applicable.
11. Does the reporting bank have a Subchapter S YES NO
election in effect for federal income tax
purposes for the current tax year?............. A530. . NO M.11
12. Deferred portion of total applicable income
taxes included in Schedule RI, items 9 and 11
(to be reported with the December Report of
Income)........................................ 4772. . N/A M.12
</TABLE>
- --------------
(1) For example, a bank acquired on June 1, 1997 would report 19970601
SCHEDULE RI-A - CHANGES IN EQUITY CAPITAL
Indicate decreases and losses in parentheses.
I283 (left arrow)
<TABLE>
<CAPTION>
Dollar Amounts
in Thousands
- --------------------------------------------------------------------------------
RIAD
----
<S> <C> <C> <C> <C>
1. Total equity capital originally reported in
the December 31, 1998, Reports of Condition
and Income..................................... 3215. . 45,252 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. . 45,252 3.
4. Net income (loss) (must equal Schedule RI,
item 12)....................................... 4340. . 18,517 4.
5. Sale, conversion, acquisition, or retirement
of capital stock, net.......................... 4346. . 0 5.
6. Changes incident to business combinations,
net............................................ 4356. . 0 6.
7. LESS: Cash dividends declared on preferred
stock.......................................... 4470. . 0 7.
8. LESS: Cash dividends declared on common
stock.......................................... 4460. . 20,000 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. a. Change in net unrealized holding gains
(losses) on available-for-sale securities... 8433. . (3) 11.a
b. Change in accumulated net gains (losses)
on cash flow hedges......................... 4574. . 0 11.b
12. Other transactions with parent holding company*
(not included in item 5, 7, or 8 above)........ 4415. . 0 12.
13. Total equity capital end of current period
(sum of items 3 through 12) (must equal
Schedule RC, item 28).......................... 3210. . 43,766 13.
</TABLE>
- --------------
* Describe on Schedule RI-E - Explorations.
<PAGE> 11
U.S. BANK TRUST NATIONAL Call Date: 09/30/1999 ST-BK: 273510 FFIEC 033
ASSOCIATION PAGE RI-6
180 EAST FIFTH STREET Vendor ID: D CERT: 90319
ST. PAUL, MN 55101
Transit Number: 09600069 6
Schedule RI-B - Charge-offs and Recoveries on Loan and Leases and Changes in
Allowances for Credit Losses
Part I. Charge-offs and Recoveries on Loans and Leases (1)
I286 <-
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ----------------------------------------------------------------------------------------------------------
---------Calendar year-to-date-----------
Part I excludes charge-offs and recoveries through
the allocated transfer risk reserve.
(Column A) (Column B)
Charge-offs Recoveries
------------------- -------------------
RIAD RIAD
---- ----
<S> <C> <C> <C> <C> <C>
1. Real estate loans............................... 4256. . 0 4257. . 0 1.
2. Installment loans............................... 4258. . 0 4259. . 0 2.
3. Credit cards and related plans.................. 4262. . 0 4263. . 0 3.
4. Commercial (time and demand) and all other loans 4264. . 0 4265. . 0 4.
5. Lease financing receivables..................... 4266. . 0 4267. . 0 5.
6. Total (sum of items 1 through 5)................ 4635. . 0 4605. . 0 6.
</TABLE>
<TABLE>
<CAPTION>
Memoranda
Dollar Amounts in Thousands
- ----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1. Loans to foreign governments and official RIAD RIAD
institutions included in part I, items 1 ---- ----
through 4 above................................ 4643. . 0 4627. . 0 M.1
2. To be completed by banks with loans to finance
agricultural production and other loans to
farmers (Schedule RC-C, part I, item 3)
exceeding five percent of total loans. RIAD RIAD
Agricultural loans included in part I, items ---- ----
1 through 4, above............................. 4268. . 0 4269. . 0 M.2
3. Not applicable.
4. Loans to finance commercial real estate,
construction, and land development activities RIAD RIAD
(not secured by real estate) included in ---- ----
Schedule RI-B, part I, items 2 through 4 above. 5443. . 0 5444. . 0 M.4
5. Real estate loans (sum of Memorandum items 5.a
through 5.e must equal Schedule RI-B, part I,
item 1, above):
a. Construction and land development........... 5445. . 0 5446. . 0 M.5.a
b. Secured by farmland......................... 5447. . 0 5448. . 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......... 5449. . 0 5450. . 0 M.5.c1
(2) All other loans secured by 1-4 family
residential properties................. 5451. . 0 5452. . 0 M.5.c2
d. Secured by multifamily (5 or more)
residential properties...................... 5453. . 0 5454. . 0 M.5.d
e. Secured by nonfarm nonresidential properties 5455. . 0 5456. . 0 M.5.e
</TABLE>
- --------------
(1) See instructions for loan classifications used in this schedule.
<PAGE> 12
U.S. BANK TRUST CALL DATE: 09/30/199 ST-BK: 275510 FFIEC 033
NATIONAL ASSOCIATION PAGE RI-5
180 EAST FIFTH STREET VENDOR ID: D CERT: 90319
ST. PAUL, MN 55101
Transit Number: 09600069 7
Schedule RI-B - Continued
Part II. Changes in Allowance for Credit Losses
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ----------------------------------------------------------------------------------------------------------------------------
RIAD
----
<S> <C> <C> <C>
1. Balance originally reported in the December 31, 1998, Reports of Condition and Income... 3124.. 0 1.
2. Recoveries (must equal or exceed part 1, item 6, column B above)........................ 2419.. 0 2.
3. LESS: Charge-offs (must equal or exceed part 1, item 6, column A above)................. 2432.. 0 3.
4. Provision for credit losses (must equal Schedule RI, item 4.a).......................... 4230.. 0 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 or exceed
Schedule RC, item 4.b).................................................................. A512.. 0 6.
</TABLE>
- ----------
* Describe on Schedule RI-E - Explanations.
Schedule RI-E - Explanations
SCHEDULE RI-E IS TO BE COMPLETED EACH QUARTER ON A CALENDAR YEAR-TO-DATE BASIS.
Detail all adjustments in Schedules RI-A and RI-B, all extraordinary items and
other adjustments in Schedule RI, and all significant items of other noninterest
income and other noninterest expense in Schedule RI. (See instructions for
details.)
<TABLE>
<CAPTION>
I295 <--
Dollar Amounts in Thousands
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. All other noninterest income (from Schedule RI, item 5.f.(2)) RIAD Year-to-Date
Report amounts that exceed 10% of Schedule RI, item 5.f.(2): ----
a. Net gains (losses) on other real estate owned.................................... 5415.. N/A 1.a
b. Net gains (losses) on sales of loans............................................. 5416.. N/A 1.b
c. Net gains (losses) on sales of premises and fixed assets......................... 5417.. N/A 1.c
Itemize and describe the three largest other amounts that exceed 10% of
Schedule RI, item 5.f.(2):
TEXT RIAD
---- ----
d. 4461: EXPENSE REIMBURSEMENT FROM AFFILIATE...................................... 4461.. 20,403 1.d
e. 4462: .......................................................................... 4462.. N/A 1.e
f. 4463: .......................................................................... 4463.. N/A 1.f
2. Other noninterest expense (from Schedule RI, item 7.c):
a. Amortization expense of intangible assets........................................ 4531.. 0 2.a
Report amounts that exceed 10% of Schedule RI, item 7.c:
b. Net (gains) losses on other real estate owned.................................... 5418.. N/A 2.b
c. Net (gains) losses on sales of loans............................................. 5419.. N/A 2.c
d. Net (gains) losses on sales of premises and fixed assets......................... 5420.. N/A 2.d
Itemize and describe the three largest other amounts that exceed 10% of
Schedule RI, item 7.c:
TEXT RIAD
---- ----
e. 4464: DATA PROCESSING EXPENSE.................................................... 4464.. 5,527 2.e
f. 4467: ........................................................................... 4467.. N/A 2.f
g. 4468: ........................................................................... 4468.. N/A 2.g
</TABLE>
<PAGE> 13
U.S. BANK TRUST Call Date: 09/30/1999 ST-BK: 275510 FFIEC 033
NATIONAL ASSOCIATION
180 EAST FIFTH STREET
ST. PAUL, MN 55101 Vendor ID: D CERT: 90319 Page RI-6
8
Transit Number: 09600069
Schedule RI-E - Continued
Dollar Amounts in Thousands
- --------------------------------------------------------------------------------
<TABLE>
<S> <C> <C> <C> <C> <C>
3. Extraordinary items and other adjustments and
applicable income tax effect (from Schedule RI,
item 11.) (itemize and describe all extraordinary
items and other adjustments):
TEXT RIAD RIAD Year to date
a. (1) 6373: Effect of adopting FAS 133, "Accounting
for Derivative Instruments and Hedging
Activities".............................. 6373 0 3.a.1
(2) Applicable income tax effect................... 4486. . 0 3.a.2
b. (1) 4487: ......................................... 4487 0 3.b.1
(2) Applicable income tax effect................... 4488. . 0 3.b.2
c. (1) 4489: ......................................... 4489 0 3.c.1
(2) Applicable income tax effect................... 4491. . 0 3.c.2
4. Equity capital adjustments from amended Reports of
Income (from Schedule RI-A,, item 2) (itemize and
describe all adjustments):
TEXT RIAD
a. 4492: ............................................. 4492. . N/A 4.a
b. 4493: ............................................. 4493. . N/A 4.b
5. Cumulative effect of changes in accounting principles
from prior years (from Schedule RI-A, item 9) (itemize
and describe all changes in accounting principles): ..
TEXT RIAD
a. 4494: ............................................. 4494. . N/A 5.a
b. 4495: ............................................. 4495. . N/A 5.b
6. Corrections of material accounting errors from prior
years (from Schedule RI-A, item 10) (itemize and
describe all corrections):
TEXT RIAD
a. 4496: ............................................. 4496. . N/A 6.a
b. 4497: ............................................. 4497. . N/A 6.b
7. Other transactions with parent holding company (from
Schedule RI-A, item 12) (itemize and describe all such
transactions):
TEXT RIAD
a. 4498: ............................................. 4498. . N/A 7.a
b. 4499: ............................................. 4499. . N/A 7.b
8. Adjustments to allowance for credit losses (from
Schedule RI-B, part II, item 5) (itemize and describe
all adjustments):
TEXT RIAD
a. 4521: ............................................. 4521. . N/A 8.a
b. 4522: ............................................. 4522. . N/A 8.b
I298 I299<-
9. Other explanations (the space below is provided for
bank to briefly describe, at its option, any other
significant items affecting the Report of Income):
No comment: X (RIAD 4769)
</TABLE>
Other explanations (please type or print clearly):
(TEXT 4769)
<PAGE> 14
U.S. BANK TRUST Call Date: 09/30/1999 ST-BK: 275510 FFIEC 033
NATIONAL ASSOCIATION
180 EAST FIFTH STREET Vendor ID: D CERT: 90319 Page RC-1
ST. PAUL, MN 55101
Transit Number: 09600069 9
Consolidated Report of Condition for Insured Commercial and State-Chartered
Savings Banks for September 30, 1999
- --------------------------------------------------------------------------------
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>
C200 <--
Dollar Amounts in Thousands
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
ASSETS
1. Cash and balances due from depository institutions (from Schedule RC-A): RCON
a. Noninterest-bearing balances and currency and coin (1) ........................ 0081.. 61,858 1.a
b. Interest-bearing balances (2) ................................................. 0071.. 0 1.b
2. Securities:
a. Held-to-maturity securities (from Schedule RC-B, column A) .................... 1754.. 0 2.a
b. Available-for-sale securities (from Schedule RC-B, column D) .................. 1773.. 1,254 2.b
3. Federal funds sold and securities purchased under agreements to resell ........... 1350.. 0 3.
4. Loans and lease financing receivables:
a. Loans and leases, net of unearned income RCON
(from Schedule RC-C) ................................... 2122.. 0 ...... 4.a
b. LESS: Allowance for loan and lease losses .............. 3123.. 0 ...... 4.b
c. LESS: Allocated transfer risk reserve .................. 3128.. 0 ...... 4.c
d. Loans and leases, net of unearned income,
allowance, and reserve (item 4.a minus 4.b and 4.c) ........................... 2125.. 0 4.d
5. Trading assets ................................................................... 3545.. 0 5.
6. Premises and fixed assets (including capitalized leases) ......................... 2145.. 4,184 6.
7. Other real estated owned (from Schedule RC-M)..................................... 2150.. 0 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.. 0 10.
11. Other assets (from Schedule RC-F)................................................. 2160.. 39,283 11.
12. Total assets (sum of items 1 through 11).......................................... 2170.. 106,579 12.
</TABLE>
- ------------------
(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
<PAGE> 15
U.S. BANK TRUST NATIONAL ASSOCIATION
180 EAST FIFTH STREET
ST. PAUL, MN 55101
CALL DATE: 09/30/1999 ST-BK-275510 FFIEC 033
VENDOR ID:D CERT: 90319 PAGE RC-2
TRANSIT NUMBER: 09600069
SCHEDULE RC - CONTINUED
10
<TABLE>
DOLLAR AMOUNTS IN THOUSANDS
_______________________________________________________________________________________________________________________________
<S> <C> <C> <C>
LIABILITIES
13. Deposits:
_______________________________________________________________________________________________________________________________
a. In domestic offices (sum of totals of RCON
columns A and C from Schedule RC-E).............................2200.. 0 13.a
RCON
(1) Noninterest-bearing(1)................6631..............0 ...... 13.a.1
(2) Interest-bearing......................6636..............0 ...... 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............................................2800.. 0 14.
15. a. Demand notes issued to the U.S. Treasury.........................2840.. 0 15.a
b. Trading liabilities..............................................3548.. 0 15.b
16. Other borrowed money (includes mortgage indebtedness and
obligations under capitalized leases):
a. With a remaining maturity of one year or less....................2332.. 0 16.a
b. With a remaining maturity of more than one year
through three years..............................................A547.. 0 16.b
c. With a remaining maturity of more than three years...............A548.. 0 16.c
17. Not applicable
18. Bank's liability on acceptances executed and outstanding............2920.. 0 18.
19. Subordinated notes and debentures (2)..............................3200.. 0 19.
20. Other liabilities (from Schedule RC-G)..............................2930.. 62,813 20.
21. Total liabilities (sum of items 13 through 20)......................2948.. 62,813 21.
22. Not applicable
EQUITY CAPITAL
23. Perpetual preferred stock and related surplus.......................3838.. 0 23.
24. Common stock........................................................3230.. 1,000 24.
25. Surplus (exclude all surplus related to preferred stock)............3839.. 24,000 25.
26. a. Undivided profits and capital reserves...........................3632.. 18,766 26.a
b. Net unrealized holding gains (losses)
on available-for-sale securities.................................8434.. 0 26.b
c. Accumulated net gains (losses) on cash flow hedges...............4336.. 0 26.c
27. Cumulative foreign currency translation adjustments................. ......
28. Total equity capital (sum of items 23 through 27)...................3210.. 43,766 28.
29. Total liabilities and equity capital (sum of items 21 and 28).......3300.. 106,579 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 describes the most comprehensive
level of auditing work performed for the bank
by independent external auditors as of any date during 1998.........6724.. N/A N.1
</TABLE>
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 auditing 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 accordance 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 external 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.
(2) Includes limited life preferred stock and related surplus.
<PAGE> 16
U.S. Bank Trust National Association 11
180 East Fifth Street
St. Paul, MN 55101
Call Date: 09/30/1999
Vendor ID: D
ST-BK: 275510
CERT: 90319
FFIEC 033
Page RC-3
Transit Number: 09600069
Schedule RC-A - Cash and Balances Due From Depository Institutions
Exclude assets held for trading.
<TABLE>
<CAPTION>
C205
Dollar Amounts in Thousands
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Cash items in process of collection, unposted debits, and currency and coin: RCON
a. Cash items in process of collection and unposted debits ........................... 0020.. 0 1.a
b. Currency and coin ................................................................. 0080.. 0 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.. 61,853 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.. 5 3.b
4. Balances due from Federal Reserve Banks .............................................. 0090.. 0 4.
5. Total (sum of items 1 through 4) (must equal Schedule RC, sum of items 1.a and 1.b) .. 0010.. 61,858 5.
</TABLE>
Memorandum
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Noninterest-bearing balances due from commercial banks in the U.S. RCON.
(included in items 2.a and 2.b above) ............................................... 0050.. 61,853 M.1
</TABLE>
<PAGE> 17
U.S. BANK TRUST NATIONAL ASSOCIATION
180 EAST FIFTH STREET
ST. PAUL, MN 55101
Call Date: 09/30/1999
Vendor ID: D
ST-BK: 275510
CERT: 90319
FFIEC 033
Page RC-4
12
Transit Number: 09600069
Schedule RC-B--Securities
Exclude assets held for trading.
C210 <-
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
Held-to-maturity Available-for-sale
(Column A) (Column B) (Column C) (Column D)
Amortized Cost Fair Value Amortized Cost Fair Value(1)
-------------- ------------- -------------- ------------------
RCON RCON RCON RCON
---- ---- ---- ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. U.S. Treasury securities 0211.. 0 0213.. 0 1286.. 504 1287.. 504 1
2. U.S. Government agency 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
3. Securities issued by states and political
subdivisions in the U.S.:
a. General obligations 1676.. 0 1677.. 0 1678.. 0 1679.. 0 3.a
b. Revenue obligations 1681.. 0 1686.. 0 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.. 0 1699.. 0 1701.. 0 1702.. 0 4a1
(2) Issued by FNMA and FHLMC 1703.. 0 1705.. 0 1706.. 0 1707.. 0 4a2
(3) Other pass-through securities 1709.. 0 1710.. 0 1711.. 0 1713.. 0 4a3
b. Other mortgage-backed securities
(include CMOs, REMICs, and stripped MBS):
(1) Issued or guaranteed by FNMA,
FHLMC, or GNMA 1714.. 0 1715.. 0 1716.. 0 1717.. 0 4b1
(2) Collateralized by MBS issued or
guaranteed by FNMA, FHLMC, or GNMA 1718.. 0 1719.. 0 1731.. 0 1732.. 0 4b2
(3) All other mortgage-backed securities 1733.. 0 1734.. 0 1733.. 0 1736.. 0 4b3
5. Other debt securities:
a. Other domestic debt securities 1737.. 0 1738.. 0 1739.. 0 1741.. 0 5.a
b. Foreign debt securities 1742.. 0 1743.. 0 1744.. 0 1746.. 0 5.b
6. Equity securities:
a. Investments in mutual funds and other
equity securities with readily determinable
fair values A510.. 0 A511.. 0 6.a
b. All other equity securities(1) 1752.. 750 1753.. 750 6.b
7. Total (sum of items 1 through 6)
(total of column A must equal Schedule RC,
item 2.a)(total of column D must equal
Schedule RC, item 2.b) 1754.. 0 1771.. 0 1772.. 1,254 1773.. 1,254 7.
- ------------
(1) Includes equity securities without readily determinable fair values at
historical cost in item 6.b, 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, the Tennessee Valley Authority.
</TABLE>
<PAGE> 18
U.S. BANK TRUST NATIONAL ASSOCIATION Call Date: 09/30/1999 ST-BK: 275510
FFIEC 033
Page RC-5
180 EAST FIFTH STREET Vendor ID: D CERT: 90319 13
St. Paul, MN 55101
Transit Number: 09600069
SCHEDULE RC-B -- CONTINUED
MEMORANDA C212<-
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
<S> <C> <C> <C>
RCON
1. Pledged securities(1)........................................................ 0416.. 252 M.1
2. Maturity and repricing data for debt securities (1, 2) (excluding those in
nonaccrual status):
a. Securities issued by the U.S. Treasury, U.S. Government agencies, and
states and political subdivisions in the U.S.; other non-mortgage debt
securities; and mortgage pass-through securities other than those backed
by closed-end first lien 1-4 family residential mortgages with a remaining
maturity or repricing frequency of: (3, 4)
(1) Three months or less.................................................. A549.. 0 M.2.a.1
(2) Over three months through 12 months................................... A550.. 504 M.2.a.2
(3) Over one year through three years..................................... A551.. 0 M.2.a.3
(4) Over three years through five years................................... A552.. 0 M.2.a.4
(5) Over five years through 15 years...................................... A553.. 0 M.2.a.5
(6) Over 15 years......................................................... A554.. 0 M.2.a.6
b. Mortgage pass-through securities backed by closed-end first lien 1-4
family residential mortgages with a remaining maturity or repricing
frequency of: (3, 5)
(1) Three months or less................................................. A555.. 0 M.2.b.1
(2) Over three months through 12 months................................... A556.. 0 M.2.b.2
(3) Over one year through three years..................................... A557.. 0 M.2.b.3
(4) Over three years through five years................................... A558.. 0 M.2.b.4
(5) Over five years through 15 years...................................... A559.. 0 M.2.b.5
(6) Over 15 years......................................................... A560.. 0 M.2.b.6
c. Other mortgage backed securities (include CMOs, REMICs and stripped MBS;
exclude mortgage pass-through securities) with an expected average life
of: (6)
(1) Three years or less................................................... A561.. 0 M.2.c.1
(2) Over three years...................................................... A562.. 0 M.2.c.2
d. Debt securities with a REMAINING MATURITY of one year or less (included
in Memorandum items 2.a through 2.c above................................. A248.. 504 M.2.d
3-6 Not applicable.
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. Not applicable.
9. Structure 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
</TABLE>
_____________________
(1) Includes held-to-maturity securities at amortized cost and
available-for-sale securities at fair value.
(2) Exclude equity securities, e.g., investments in mutual funds, Federal
Reserve stock, common stock, and preferred stock.
(3) Report fixed rate debt securities by remaining maturity and floating rate
debt securities by repricing frequency.
(4) Sum of Memorandum items 2.a.(1) through 2.a.(6) plus any nonaccrual debt
securities in the categories of debt securities reported in Memorandum item
2.a that are included in Schedule RC-N, item 6, column C, must equal
Schedule RC-B, sum of items 1, 2, 3 and 5, columns A and D, plus mortgage
pass-through securities other than those backed by closed-end first lien 1-4
family residential mortgages included in Schedule RC-B, item 4.a, columns A
and D.
(5) Sum of Memorandum items 2.b.(1) through 2.b.(6) plus any nonaccrual
mortgage pass-through securities backed by closed-end first lien 1-4 family
residential mortgages included in Schedule RC-N, item 6, column C, must
equal Schedule RC-B, item 4.a, sum of columns A and D, less the amount of
mortgage pass-through securities other than those backed by closed-end first
lien 1-4 family residential mortgages included in Schedule RC-B, item 4.a,
columns A and D.
(6) Sum of Memorandum items 2.c.(1) and 2.c.(2) plus any nonaccrual "Other
mortgage-backed securities" included in Schedule RC-N, item 6, column C,
must equal Schedule RC-B, item 4.b, sum of columns A and D.
<PAGE> 19
U.S. BANK TRUST NATIONAL ASSOCIATION CALL DATE 9/30/99 5T-BK: 275510 FFIEC 033
180 EAST FIFTH STREET PAGE RC-6
ST. PAUL, MN 55101 VENDOR ID: D CERT: 90319
TRANSIT NUMBER: 09600069 14
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 and commercial paper.
<TABLE>
<CAPTION>
C215 <-
Dollar Amounts in Thousands
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Loans secured by real estate: RCON
----
a. Construction and land development ............................................ 1415. . 0 1.a
b. Secured by farmland (including farm residential and other improvements) ...... 1420. . 0 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. . 0 1.c1
(2) All other loans secured by 1-4 family residential properties:
(a) Secured by first liens ............................................... 5367. . 0 1.c2a
(b) Secured by junior liens .............................................. 5368. . 0 1.c2b
d. Secured by multifamily (5 or more) residential properties .................... 1460. . 0 1.d
e. Secured by nonfarm nonresidential properties ................................. 1480. . 0 1.e
2. Loans to depository institutions:
a. To commercial banks in the U.S.:
(1) To U.S. branches and agencies of foreign banks ........................... 1506. . 0 2.a1
(2) To other commercial banks in the U.S. .................................... 1507. . 0 2.a2
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.c1
(2) To other banks in foreign countries ...................................... 1516. . 0 2.c2
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. . 0 4.a
b. To non-U.S. addressees (domicile) ............................................ 1764. . 0 4.b
5. Acceptances of other banks ...................................................... 1755. . 0 5.
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. . 0 6.a
b. Other (includes single payment, installment, and all student loans) .......... 2011. . 0 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. ........................................................ 2107. . 0 8.
9. Other Loans:
a. Loans for purchasing or carrying securities (secured and unsecured) .......... 1545. . 0 9.a
b. All other loans (exclude consumer loans) ..................................... 1564. . 0 9.b
10. Lease financing receivables (net of unearned income)............................. 2165. . 0 10.
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. . 0 12.
</TABLE>
<PAGE> 20
<TABLE>
<S> <C> <C> <C>
U.S. BANK TRUST NATIONAL ASSOCIATION Call Date: 09/30/1999 ST-BK: 275510 FFIEC 033
180 EAST FIFTH STREET Page RC- 7
ST. PAUL, MN 55101 Vendor ID: D CERT: 90319
Transit Number: 09600069 15
</TABLE>
Schedule RC-C - Continued
Part I. Continued
Memoranda
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------
RCON
<S> <C> <C> <C>
1. Not applicable
2. Loans (1) 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. Real estate loans....................................................................... 1617.. 0 M.2.a
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
3. Maturity and repricing data for loans and leases (excluding those in nonaccrual
status):
a. Closed-end loans secured by first liens on 1-4 family residential properties
(reported in Schedule RC-C, Part I, item 1.c.2a) with a remaining maturity or
repricing frequency of: (2, 3)
(1) Three-months or less................................................................ A564.. 0 M.3.a1
(2) Over three months through 12 months................................................. A565.. 0 M.3.a2
(3) Over one year through three years................................................... A566.. 0 M.3.a3
(4) Over three years through five years................................................. A567.. 0 M.3.a4
(5) Over five years through 15 years.................................................... A568.. 0 M.3.a5
(6) Over 15 years....................................................................... A569.. 0 M.3.a6
b. All loans and leases (reported in Schedule RC-C, Part I, items 1 through 10) excluding
closed-end loans secured by first liens on 1-4 family residential properties (reported
in Schedule RC-C, Part I, item 1.c.2a) with a remaining maturity or repricing frequency
of (2, 4)
(1) Three months or less................................................................ A570.. 0 M.3.b1
(2) Over three months through 12 months................................................. A571.. 0 M.3.b2
(3) Over one year through three years................................................... A572.. 0 M.3.b3
(4) Over three years through five years................................................. A573.. 0 M.3.b4
(5) Over five years through 15 years.................................................... A574.. 0 M.3.b5
(6) Over 15 years....................................................................... A575.. 0 M.3.b6
c. Loans and leases (reported in Schedule RC-C, Part I, items 1 through 10) with a
REMAINING MATURITY of one year or less.................................................. A267.. 0 M.3.c
d. Loans Secured by nonfarm nonresidential properties (reported in Schedule RC-C,
Part I, item i.e.) with a REMAINING MATURITY of over five years......................... A577.. 0 M.3.d
e. Commercial and industrial loans (reported in Schedule RC-C, Part I, item 4) with a
REMAINING MATURITY of over three years.................................................. A578.. 0 M.3.e
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 (5).............................................................................. 2746.. 0 M.4
5. Loans and leases held for sale (included in Schedule RC-C, part I, Pg RC-6)................ 5369.. 0 M.5
6. Adjustable rate closed-end loans secured by first liens on 1-4 family residential
properties in domestic offices (included in Schedule RC-C, part I, item 1.c.(2)(a),
page RC-6)................................................................................. 5370.. 0 M.6
</TABLE>
- ----------------
(1) See instructions for loan classifications used in Memorandum item 2.
(2) Report fixed rate loans and leases by remaining maturity and floating rate
loans by repricing frequency.
(3) Sum of Memorandum items 3.a.(1) through 3.a.(6) plus total nonaccrual
closed-end loans secured by first liens on 1-4 family residential properties
included in Schedule RC-N, Memorandum item 4.c.(2), column C, must equal
total closed-end loans secured by first liens on 1-4 family residential
properties from Schedule RC-C, part I, item 1.c.(2)(a).
(4) Sum of Memorandum items 3.b.(1) through 3.b.(6) plus total nonaccrual loans
and leases from Schedule RC-N, sum of items 1 through 5, column C, minus
nonaccrual closed-end loans secured by first liens on 1-4 family residential
properties included in Schedule RC-N, Memorandum item 4.c.(2), column C,
must equal total loans and leases from Schedule RC-C, Part I, sum of items 1
through 10, minus total closed-end loans secured by first liens on 1-4
family residential properties from Schedule RC-C, part I, item 1.c.(2)(a).
(5) Exclude loans secured by real estate that are included in Schedule RC-C,
part I, items 1.a through 1.e.
<PAGE> 21
U.S. BANK TRUST CALL DATE: 09/30/1999 ST-BK: 275510 FFIEC 033
NATIONAL ASSOCIATION PAGE RC-8
180 EAST FIFTH STREET VENDOR ID: D CERT: 90319 16
ST. PAUL, MN 55101
Transit Number: 09600069
Schedule RC-E - Deposit Liabilities
<TABLE>
<CAPTION>
C225 <--
Dollar Amounts in Thousands
- ----------------------------------------------------------------------------------------------------------------------------------
---------Transaction Accounts----------- --Nontransaction Accounts--
(Column A) (Column B) (Column C)
Total transaction Memo: Total demand
accounts (including total deposits (included in Total nontransaction
demand deposits) column A) accounts (including MMDAs)
- ------------------------------------------------------- ------------------ --------------------- ------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
RCON RCON RCON RCON RCON RCON RCON
---- ---- ---- ---- ---- ---- ----
Deposits of:
1. Individuals, partnerships and corporations........ 2201.. 0 2240.. 0 2346.. 0 1.
2. U.S. Government................................... 2202.. 0 2280.. 0 2520.. 0 2.
3. States and political subdivisions in
the U.S. ......................................... 2203.. 0 2290.. 0 2530.. 0 3.
4. Commercial banks in the U.S. ..................... 2206.. 0 2310.. 0 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.. 0 2330.. 0 8.
9. Total (sum of items 1 through 8) (sum of
columns A and C must equal Schedule RC,
item 13.a)........................................ 2215.. 0 2210.. 0 2385.. 0 9.
</TABLE>
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Memoranda
1. Selected components of total deposits (i.e., sum of item 9, columns A and C): RCON
----
a. Total Individual Retirement Accounts (IRAs) and Keogh Plan accounts.................. 6835.. 0 M.1.a
b. Total brokered deposits.............................................................. 2365.. 0 M.1.b
c. Fully insured brokered deposits (included in Memorandum item 1.b above):
(1) Issued in denominations of less than $100,000................................... 2343.. 0 M.1.c1
(2) Issued either in denominations of $100,000 or in denominations greater than
$100,000 and participated out by the broker in shares of $100,000 or less....... 2344.. 0 M.1.c2
d. Maturity data for brokered deposits:
(1) Brokered deposits issued in denominations of less than $100,000 with a remaining
maturity of one year or less (included in Memorandum item 1.c.(1) above)........ A243.. 0 M.1.d1
(2) Brokered deposits issued in denominations of $100,000 or more with a remaining
maturity of one year or less (included in Memorandum item 1.b above)............ A244.. 0 M.1.d2
e. Preferred deposits (uninsured deposits of states and political subdivisions in the
U.S. reported in item 3 above which are secured or collateralized as required under
state law) (to be completed for December report only)................................ 5590.. N/A M.1.e
2. Components of total nontransaction accounts (sum of Memorandum items 2.a through 2.d
must equal item 9, column C, above):
a. Savings deposits:
(1) Money market deposit accounts (MMDAs)........................................... 6810.. 0 M.2.a1
(2) Other savings deposits (excludes MMDAs)......................................... 0352.. 0 M.2.a2
b. Total time deposits of less than $100,000............................................ 6648.. 0 M.2.b
c. Total time deposits of $100,000 or more.............................................. 2604.. 0 M.2.c
3. All NOW accounts (included in column A above)............................................. 2398.. 0 M.3
4. Not applicable
</TABLE>
<PAGE> 22
U.S. BANK TRUST Call Date: 09/30/1999 ST-BK: 275510 FFIEC 033
NATIONAL ASSOCIATION
180 EAST FIFTH STREET Vendor ID: D CERT: 90319 Page RC-9
ST. PAUL, MN 55101
Transit Number: 09600069 17
Schedule RC-E - Continued
Memoranda (Continued)
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
5. Maturity and repricing data for time deposits of less than $100,000:
a. Time deposits of less than $100,000 with a remaining maturity or
repricing frequency of: (1, 2) RCON
(1) Three months or less ............................................. A579.. 0 M.5.a1
(2) Over three months through 12 months .............................. A580.. 0 M.5.a2
(3) Over one year through three years ................................ A581.. 0 M.5.a3
(4) Over three years ................................................. A582.. 0 M.5.a4
b. Time deposits of less than $100,000 with a REMAINING MATURITY of
one year or less (included in Memorandum items 5.a.(1)
through 5.a.(4) above) ............................................... A241.. 0 M.5.b
6. Maturity and repricing data for time deposits of $100,000 or more:
a. time deposits of $100,000 or more with a remaining maturity or
repricing frequency of: (1,3)
(1) Three months or less ............................................. A584.. 0 M.6.a1
(2) Over three months through 12 months .............................. A585.. 0 M.6.a2
(3) Over one year through three years ................................ A586.. 0 M.6.a3
(4) Over three years ................................................. A587.. 0 M.6.a4
b. Time deposits of $100,000 or more with a REMAINING MATURITY
of one year or less (included in Memorandum items 6.a.(1)
through 6.a.(4) above) ............................................... A242.. 0 M.6.b
</TABLE>
- ----------------------
(1) Report fixed rate time deposits by remaining maturity and floating rate time
deposits by repricing frequency.
(2) Sum of Memorandum items 5.a.(1) through 5.a.(4) must equal Schedule RC-E
Memorandum item 2.b above.
(3) Sum of Memorandum items 6.a.(1) through 6.a.(4) must equal Schedule RC-E
Memorandum item 2.c above.
<PAGE> 23
U.S. BANK TRUST Call Date: 09/30/1999 ST-BK: 275510 FFIEC 033
NATIONAL ASSOCIATION
180 EAST FIFTH STREET
ST. PAUL, MN 55101 Vendor ID: D CERT: 90319 Page RC-10
18
Transit Number: 09600069
Schedule RC-F - Other Assets
C230<-
Dollar Amounts in Thousands
- --------------------------------------------------------------------------------
<TABLE>
<S> <C> <C> <C>
RCON
1. Income earned, not collected on loans................. 2164. . 0 1.
2. Net deferred tax assets(1)............................ 2148. . 1,878 2.
3. Interest only strips receivable (not in the form of a
security)(2) on:
a. Mortgage loans..................................... A519. . 0 3.a
b. Other financial assets............................. A520. . 0 3.b
4. Other (itemize and describe amounts that exceed 25%
of this item)......................................... 2168. . 37,405 4.
TEXT RCON
a. 3549: DEPOSITORY TRUST CO
PARTICIPATION FUND....... 3549. . 15,609 . . . . . . 4.a
b. 3550: ACCOUNTS RECEIVABLE...... 3550. . 10,933 . . . . . . 4.b
c. 3551: ......................... 3551. . N/A . . . . . . 4.c
5. Total (sum of items 1 through 4) (must equal
Schedule RC, item 11)................................. 2160. . 39,283 5.
</TABLE>
Memorandum
Dollar Amounts in Thousands
- --------------------------------------------------------------------------------
<TABLE>
<S> <C> <C> <C>
1. Deferred tax assets disallowed for regulatory capital
purposes.............................................. 5610. . 0 M.1
</TABLE>
Schedule RC-G - Other Liabilities
C235<-
Dollar Amounts in Thousands
- --------------------------------------------------------------------------------
<TABLE>
<S> <C> <C> <C>
RCON
1. a. Interest accrued and unpaid on deposits(3)......... 3645. . 0 1.a
b. Other expenses accrued and unpaid (includes accrued
income taxes payable).............................. 3646. . 10,993 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. . 51,820 4.
TEXT RCON
a. 3552: ESCHEATED FUNDS ........... 3552. . 46,073 . . . . . . 4.a
b. 3553: ........................... 3553. . N/A . . . . . . 4.b
c. 3554: ........................... 3554. . N/A . . . . . . 4.c
5. Total (sum of items 1 through 4) (must equal Schedule
RC, item 20).......................................... 2930. . 62,813 5.
</TABLE>
- -----------
(1) See discussion of deferred income taxes in Glossary entry on "income taxes."
(2) Report interest only strips receivables in the form of a security as
available-for sale securities in Schedule RC, item 2.b, or as a trading
assets in Schedule RC, item 5 as appropriate.
(3) For savings banks, includes "dividends" accrued and unpaid on deposits.
<PAGE> 24
<TABLE>
<S> <C> <C> <C>
U.S. BANK TRUST NATIONAL ASSOCIATION Call Date: 09/30/1999 ST-BK: 275510 FFIEC 033
180 EAST FIFTH STREET Page RC-11
ST. PAUL, MN 55101 Vendor ID: D CERT: 90319 19
Transit Number: 09600069
</TABLE>
Schedule RC-K -- Quarterly Averages(1) C255 <-
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
ASSETS RCON
----
1. Interest-bearing balances due from depository institutions................... 3381.. 0 1.
2. U.S. Treasury securities and U.S. Government agency obligations(3)
(Including mortgage-backed securities issued or guaranteed by FNMA, FHLMC
OR GNMA...................................................................... 3382.. 504 2.
3. Securities issued by states and political subdivisions in the U.S.(3)........ 3383.. 0 3.
4. a. Other debt securities(3) (including mortgage-backed securities not issued
or guaranteed by FNMA, FHLMC or GNMA)..................................... 3647.. 0 4.a
b. Equity securities (4) (includes investments in mutual funds and
Federal Reserve stock).................................................... 3648.. 750 4.b
5. Federal funds sold and securities purchased under agreements to resell....... 3365.. 0 5.
6. Total loans(2):
a. Real estate loans......................................................... 3286.. 0 6.a
b. Installment loans......................................................... 3287.. 0 6.b
c. Credit cards and related plans............................................ 3288.. 0 6.c
d. Commercial (time and demand) and all other loans.......................... 3289.. 0 6.d
7. Trading assets............................................................... 3401.. 0 7.
8. Lease financing receivables (net of unearned income)......................... 3484.. 0 8.
9. Total assets(5).............................................................. 3368.. 95,233 9.
LIABILITIES
10. Interest-bearing transaction accounts (NOW accounts, ATS accounts, and
telephone and preauthorized transfer accounts) (exclude demand deposits)..... 3485.. 0 10.
11. Nontransaction accounts:
a. Money market deposit accounts (MMDAs)..................................... 3486.. 0 11.a
b. Other savings deposits.................................................... 3487.. 0 11.b
c. Time deposits of $100,000 or more......................................... A514.. 0 11.c
d. Time deposits of less than $100,000....................................... A529.. 0 11.d
12. Federal funds purchased and securities sold under agreements to repurchase... 3353.. 0 12.
13. Other borrowed money (includes mortgage indebtedness and obligations under
capitalized leases).......................................................... 3355.. 0 13.
MEMORANDUM Dollar Amounts in Thousands
- ----------------------------------------------------------------------------------------------------------------------
1. To be completed by banks with loans to finance agricultural production and
other loans to farmers (Schedule RC-C, part 1, item 3) exceeding five
percent of total loans.
Agricultural loans(2) included in items 6.a through 6.d above................ 3379.. 0 N.1
</TABLE>
___________________
(1) For all items, banks have the option of reporting either (1) an average of
daily figures for the quarter, or (2) an average of weekly figures (i.e.,
the Wednesday of each week of the quarter).
(2) See instructions for loan classifications used in this schedule.
(3) Quarterly averages for all debt securities should be based on amortized
cost.
(4) Quarterly averages for all equity securities should be based on historical
cost.
(5) The quarterly average for total assets should reflect all debt securities
(not held for trading) at amortized cost, equity securities with readily
determinable fair values at the lower of cost or fair value, and equity
securities without readily determinable fair values at historical cost.
<PAGE> 25
U.S. BANK TRUST NATIONAL ASSOCIATION Call Date: 09/30/1999 ST-BK: 275510
180 EAST FIFTH STREET FFIEC 033
ST. PAUL, MN 55101 Page RC-12
Vendor ID: D CERT: 90319 20
Transit Number: 09600069
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>
C260 <-
Dollar Amounts in Thousands
<S> <C> <C> <C>
1. Unused commitments: RCON
a. Revolving, open-end lines secured by 1-4 family residential properties,
e.g., home equity lines................................................... 3814. . 0 1.a
b. Credit card lines......................................................... 3815. . 0 1.b
c. Commercial real estate, construction, and land development:
(1) Commitments to fund loans secured by real estate...................... 3816. . 0 1.c.1
(2) Commitments to fund loans not secured by real estate.................. 6550. . 0 1.c.2
d. Securities underwriting................................................... 3817. . 0 1.d
e. Other unused commitments.................................................. 3818. . 0 1.e
2. Financial standby letters of credit.......................................... 3819. . 0 2.
a. Amount of financial standby letters of credit RCON
conveyed to others............................ 3820. . 0 . . . . . . . 2.a
3. Performance standby letters of credit........................................ 3821. . 0 3.
b. Amount of performance standby letters of RCON
credit conveyed to others..................... 3822. . 0 . . . . . . . 3.a
4. Commercial and similar letters of credit..................................... 3411. . 0 4.
5. Participations in acceptances (as described in the instructions) acquired
by the reporting bank........................................................ 3428. . 0 5.
6. Participations in acceptances (as described in the instructions) acquired
by the reporting (nonaccepting) bank......................................... 3429. . 0 6.
7. Securities borrowed.......................................................... 3432. . 0 7.
8. Securities lent (including customers' securities lent where the customer is
indemnified against loss by the reporting bank).............................. 3433. . 0 8.
9. Financial assets transferred with recourse that have been treated as sold
for Call Report purpose:
a. First lien 1-to-4 family residential mortgage loans:
(1) Outstanding principal balance of mortgages transferred as of the
report date.......................................................... A521. . 0 9.a.1
(2) Amount of recourse exposure on these mortgages as of the report date.. A522. . 0 9.a.2
b. Other financial assets (excluding small business obligations reported
in item 9.c.):
(1) Outstanding principal balance of assets transferred as of the
report date........................................................... A523. . 0 9.b.1
(2) Amount of recourse exposure on these assets as of the report date..... A524. . 0 9.b.2
c. 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.c.1
(2) Amount of retained recourse on these obligations as of the report
date.................................................................. A250. . 0 9.c.2
10. Notional amount of credit derivatives:
a. Credit derivatives on which the reporting bank is the guarantor........... A534. . 0 10.a
b. Credit derivatives on which the reporting bank is the beneficiary......... A535. . 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.
TEXT RCON
a. 3555:............................ 3555. . N/A . . . . . . . 12.a
b. 3556:............................ 3556. . N/A . . . . . . . 12.b
c. 3557:............................ 3557. . N/A . . . . . . . 12.c
d. 3558:............................ 3558. . N/A . . . . . . . 12.d
</TABLE>
<PAGE> 26
U.S. BANK TRUST NATIONAL ASSOCIATION
180 EAST FIFTH STREET
ST. PAUL, MN 55101
Transit Number: 09600069
Call Date: 09/30/1999
Vendor ID: D
ST-BK: 275510
CERT: 90319
FFIEC 033
Page RC-13
21
Schedule RC-L - Continued
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <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.
TEXT RCON
---- ----
a. 5592: ..................................................................... 5592.. N/A ...... 13.a
b. 5593: ..................................................................... 5593.. N/A ...... 13.b
c. 5594: ..................................................................... 5594.. N/A ...... 13.c
d. 5595: ..................................................................... 5595.. N/A ...... 13.d
</TABLE>
<TABLE>
<CAPTION>
C261 <-
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------
(Column A) (Column B) (Column C) (Column D)
Equity Commodity
Off-Balance Sheet Derivatives Position Interest Rate Foreign Exchange Derivative And Other
Indicators Contracts Contracts Contracts Contracts
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
14. Gross amounts (e.g., notional
amounts)(for each column, sum of
items 14.a through 14.e must equal
sum of items 15, 16.a, and 16.b): RCON RCON RCON RCON
---- ---- ---- ----
a. Futures contracts .......................... 8693.. 0 8694.. 0 8695.. 0 8696.. 0 14.a
b. Forward contracts .......................... 8697.. 0 8698.. 0 8699.. 0 8700.. 0 14.b
c. Exchange-traded option contracts:
(1) Written options ........................ 8701.. 0 8702.. 0 8703.. 0 8704.. 0 14.c1
(2) Purchased options ...................... 8705.. 0 8706.. 0 8707.. 0 8708.. 0 14.c2
d. Over-the-counter option contracts:
(1) Written options ........................ 8709.. 0 8710.. 0 8711.. 0 8712.. 0 14.d1
(2) Purchased options ...................... 8713.. 0 8714.. 0 8715.. 0 8716.. 0 14.d2
e. Swaps ...................................... 3450.. 0 3826.. 0 8719.. 0 8720.. 0 14.e
15. Total gross notional amount of derivative
contracts held for trading .................... A126.. 0 A127.. 0 8723.. 0 8724.. 0 15.
16. Total gross notional amount of
derivative contracts held for purposes
other than trading:
a. Contracts marked to market ................. 8725.. 0 8726.. 0 8727.. 0 8728.. 0 16.a
b. Contracts not marked to market ............. 8729.. 0 8730.. 0 8731.. 0 8732.. 0 16.b
c. Interest rate swaps where the bank
has agreed to pay a fixed rate ............. A589.. 0 ..............................................16.c
17. Gross fair value of derivative contracts:
a. Contracts held for trading:
(1) Gross positive fair value .............. 8733.. 0 8734.. 0 8735.. 0 8736.. 0 17.a1
(2) Gross negative fair value .............. 8737.. 0 8738.. 0 8739.. 0 8740.. 0 17.a2
b. Contracts held for purposes other than
trading that are marked to market:
(1) Gross positive fair value .............. 8741.. 0 8742.. 0 8743.. 0 8744.. 0 17.b1
(2) Gross negative fair value .............. 8745.. 0 8746.. 0 8747.. 0 8748.. 0 17.b2
c. Contracts held for purposes other than
trading that are not marked to market:
(1) Gross positive fair value .............. 8749.. 0 8750.. 0 8751.. 0 8752.. 0 17.c1
(2) Gross negative fair value .............. 8753.. 0 8754.. 0 8755.. 0 8756.. 0 17.c2
</TABLE>
<PAGE> 27
U.S. BANK TRUST NATIONAL ASSOCIATION CALL DATE 9/30/99 ST-BK: 275510 FFIEC 033
180 EAST FIFTH STREET PAGE RC- 14
ST. PAUL, MN 55101 VENDOR ID: D CERT: 90319
TRANSIT NUMBER: 09600069 22
Schedule RC-L - Continued
- --------------------------------------------------------------------------------
Memoranda
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1-2. Not applicable.
3. Unused commitments with an original maturity exceeding one year that are reported
in Schedule RC-L, items 1.a through 1.e, above (report only the unused portions
of commitments that are fee paid or otherwise legally binding) ................... 3833. . 0 M.3
a. Participations in commitments with an original RCON
maturity exceeding one year conveyed to others .......3834.. 0 ............... M.3.a
</TABLE>
Schedule RC-M - Memoranda
<TABLE>
<CAPTION>
C265 <-
Dollar Amounts in Thousands
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1. Extensions of credit by the reporting bank to its executive officers, directors,
principal shareholders, and their related interests as of the report date:
a. Aggregate amount of all extensions of credit to all executive officers, RCON
directors, principal shareholders and their related interests ................. 6164. . 0 1.a
b. Number of executive officers, directors, and principal
shareholders to whom the amount of all extensions of
credit by the reporting bank (including extensions of
credit to related interests) equals or exceeds the
lesser of $500,000 or 5 percent of total capital as RCON Number
defined for this purpose in agency regulations .......6165.. 0 ............... 1.b
2. Federal funds sold and securities purchased under agreements to resell with
U.S. branches and agencies of foreign banks (1) (included in Schedule RC,
item 3) .......................................................................... 3405. . 0 2.
3. Not applicable.
4. Outstanding principal balance of 1-4 family residential mortgage loans serviced for
others (include both retained servicing and purchased servicing):
a. Mortgages serviced under a GNMA contract....................................... 5500. . 0 4.a
b. Mortgages serviced under a FHLMC contract:
(1) Serviced with recourse to servicer ........................................ 5501. . 0 4.b.1
(2) Serviced without recourse to servicer ..................................... 5502. . 0 4.b.2
c. Mortgages serviced under a FNMA contract:
(1) Serviced under a regular option contract .................................. 5503. . 0 4.c.1
(2) Serviced under a special option contract .................................. 5504. . 0 4.c.2
d. Mortgages serviced under other servicing contracts ............................ 5505. . 0 4.d
5. Not applicable.
6. Intangible assets:
a. Mortgage servicing rights ..................................................... 3164. . 0 6.a
(1) Estimated fair value of mortgage servicing assets ......................... A590. . 0 6.a.1
b. Other identifiable intangible assets:
(1) Purchased credit card relationships and nonmortgage servicing assets ...... B026. . 0 6.b.1
(2) All other identifiable intangible assets .................................. 5507. . 0 6.b.2
c. Goodwill ...................................................................... 3163. . 0 6.c
d. Total (sum of items 6.a, 6.b.1, 6.b.2 and 6.c) (must equal Schedule RC,
item 10) ...................................................................... 2143. . 0 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>
<PAGE> 28
U.S. BANK TRUST Call Date: 09/30/1999 ST-BK: 275510 FFIEC 033
NATIONAL ASSOCIATION
180 EAST FIFTH STREET Vendor ID: D CERT: 90319 Page RC-15
ST. PAUL, MN 55101
Transit Number: 09600069 23
Schedule RC-M - Continued
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
RCON
<S> <C> <C> <C> <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.. 0 8.a.2a
(b) Farmland ............................................................................ 5509.. 0 8.a.2b
(c) 1-4 family residential properties ................................................... 5510.. 0 8.a.2c
(d) Multifamily (5 or more) residential properties ...................................... 5511.. 0 8.a.2d
(e) Nonfarm nonresidential properties ................................................... 5512.. 0 8.a.2e
(3) Total (sum of items 8.a.(1) and 8.a.(2)) (must equal Schedule RC, item 7) ............... 2150.. 0 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
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 (include proprietary, private label,
and third party products):
a. Money market funds ........................................................................... 6441.. 0 10.a
b. Equity securities funds ...................................................................... 8427.. 0 10.b
c. Debt securities funds ........................................................................ 8428.. 0 10.c
d. Other mutual funds ........................................................................... 8429.. 0 10.d
e. Annuities .................................................................................... 8430.. 0 10.e
f. Sales of proprietary mutual funds and annuities (included in items 10.a through 10.e above) .. 8784.. 0 10.f
11. Net unamortized realized deferred gains (losses) on off-balance sheet derivative contracts
included in assets and liabilities reported in Schedule RC ........................................ A525.. 0 11.
12. Amount of assets netted against nondeposit liabilities on the balance sheet (Schedule RC) in
accordance with generally accepted accounting principles (1) ...................................... A526.. 0 12.
13. Outstanding principal balance of loans other than 1-4 family residential mortgage mortgage
loans that are serviced for others (to be completed if this balance is more than $10 million
and exceeds ten percent of total assets) .......................................................... A591.. 0 13.
Memorandum
<CAPTION>
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
1. Reciprocal holdings of banking organizations' capital instruments (to be completed for
the December report only) ......................................................................... 3836.. N/A M.1.
</TABLE>
- ----------------------------------
(1) Exclude netted on-balance sheet amounts associated with off-balance sheet
derivative contracts, deferred tax assets netted against deferred tax
liabilities, and assets netted in accounting for pensions
<PAGE> 29
U.S. BANK TRUST
NATIONAL ASSOCIATION Call Date: 09/30/1999 ST-BK: 275510 FFIEC 033
180 EAST FIFTH STREET
ST. PAUL, MN 55101 Vendor ID: D CERT: 90319 Page RC-16
Transit Number: 09600069 24
Schedule RC-N - Past Due and Nonaccrual Loans (1), Leases, and Other Assets
The FFIEC regards the information reported in all of Memorandum item 1, in
items 1 through 7, column A, and in Memorandum items 2 through 4, column A, as
confidential.
C270 <-
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
(Column A) (Column B) (Column C)
Past due 30 through 89 Past due 90 days or more Nonaccrual
days and still accruing and still accruing
------------------------ ------------------------- ---------------
<S> <C> <C> <C> <C> <C> <C> <C>
RCON RCON RCON
---- ---- ----
1. Real estate loans.............................................. 1210.. 0 1211.. 0 1212.. 0 1.
2. Installment loans.............................................. 1214.. 0 1215.. 0 1216.. 0 2.
3. Credit cards and related plans................................. 1218.. 0 1219.. 0 1220.. 0 3.
4. Commercial (time and demand) and all other loans............... 1222.. 0 1223.. 0 1224.. 0 4.
5. Lease financing receivables.................................... 1226.. 0 1227.. 0 1228.. 0 5.
6. Debt securities and other assets (exclude other real
estate owned and other repossessed assets)..................... 3505.. 0 3506.. 0 3507.. 0 6.
- ------------------------------------------------------------------------------------------------------------------------------------
Amounts reported in items 1 through 5 above include guaranteed and unguaranteed portions of past due to nonaccrual loans and
leases. Report in item 7 below certain guaranteed loans and leases that have already been included in the amounts reported in items
1 through 5.
</TABLE>
<TABLE>
<CAPTION>
RCON RCON RCON
---- ---- ----
<S> <C> <C> <C> <C> <C> <C> <C>
7. Loans and leases reported in items 1 through 5 above which
are wholly or partially guaranteed by the U.S. Government...... 5612.. 0 5613.. 0 5614.. 0 7.
a. Guaranteed portion of loans and leases included in
item 7 above................................................ 5615.. 0 5616.. 0 5617.. 0 7.a
</TABLE>
C273 <-
Memoranda
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ------------------------------------------------------------------------------------------------------------------------------------
RCON RCON RCON
---- ---- ----
<S> <C> <C> <C> <C> <C> <C> <C>
1. Restructured loans and leases included in Schedule RC-N,
items 1 through 5, above (and not reported in Schedule RC-C,
Memorandum item 2)............................................. 1658.. 0 1659.. 0 1661.. 0 M.1
2. To be completed by banks with loans to finance agricultural
production and other loans to farmers (Schedule RC-C, part I,
item 3) exceeding five percent of total loans:
Agricultural loans included in Schedule RC-N, items 1 through
4, above........................................................ 1230.. N/A 1231.. N/A 1232.. N/A M.2
3. Loans to finance commercial real estate, construction, and
land development activities (not secured by real estate)
included in Schedule RC-N, items 2 through 4, above............. 5421.. 0 5422.. 0 5423.. 0 M.3
4. Real estate loans (sum of Memorandum items 4.a through 4.e must
equal Schedule RC-N, item 1, above):
a. Construction and land development............................ 5424.. 0 5425.. 0 5426.. 0 M.4a
b. Secured by farmland.......................................... 5427.. 0 5428.. 0 5429.. 0 M.4b
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................................................... 5430.. 0 5431.. 0 5432.. 0 M.4c1
(2) All other loans secured by 1-4 family residential
properties............................................... 5433.. 0 5434.. 0 5435.. 0 M.4c2
d. Secured by multifamily (5 or more) residential properties.... 5436.. 0 5437.. 0 5438.. 0 M.4d
e. Secured by nonfarm nonresidential properties................. 5439.. 0 5440.. 0 5441.. 0 M.4e
</TABLE>
- ----------------------
(1) See instructions for loan classifications used in this schedule.
<PAGE> 30
<TABLE>
<S> <C> <C> <C>
U.S. BANK TRUST NATIONAL ASSOCIATION Call Date: 09/30/1999 ST-BK:275510 FFIEC 033
180 EAST FIFTH STREET Page RC- 17
ST. PAUL, MN 55101 Vendor ID: D CERT: 90319
Transit Number: 09600069 25
Schedule RC-O -- Other Data for Deposit Insurance and FICO Assessments
C275 <-
___________________________________________________________________________________________________________________________________
</TABLE>
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
___________________________________________________________________________________________________________________________________
<S> <C> <C> <C> <C>
1. Unposted debits (see instructions): RCON
----
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 deposits ______________________ 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 credits 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.
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, Memorandum
item 4.a) ____________________________________________________________________ 2314.. 0 6.a
b. Amount reflected in time and savings deposits (1) (included in Schedule RC-E,
Memorandum item 4.b) _________________________________________________________ 2315.. 0 6.b
7. Unamortized premiums and discounts on time and savings deposits:(1,2)
a. Unamortized premiums _________________________________________________________ 5516.. 0 7.a
b. Unamortized discounts ________________________________________________________ 5517.. 0 7.b
8. The be completed by banks with "Oaker deposits."
a. Deposits purchased or acquired from other FDIC-insured institutions during the
quarter:
(1) Total deposits purchased or acquired from other FDIC-insured institutions
during the quarter _______________________________________________________ A531.. N/A 8.a.1
(2) Amount of purchased or acquired deposits reported in item 8.a.(1) above
attributable to a secondary fund (i.e., BIF members report deposits
attributable to SAIF; SAIF members report deposits attributable to BIF) __ A532.. N/A 8.a.2
b. Total deposits sold or transferred during the quarter ________________________ A533.. N/A 8.b
- -------------
(1) For FDIC insurance and FICO assessment purposes, "time and savings deposits"
consists of nontransaction accounts and all transaction accounts other than
demand deposits.
(2) Exclude core deposit intangibles.
___________________________________________________________________________________________________________________________________
C277 <-
</TABLE>
Person to whom questions about the Reports of Condition and Income should
be directed:
<TABLE>
<C> <C>
JANICE DECKER, ACCOUNTANT III
___________________________________________________________________________________________________________________________________
Name and Title (TEXT 8901)
(651) 205-2024 00000 (651) 205-3008 00000
________________________________________________ ________________________________________
Tel: Area code/phone number/extension (TEXT 8902) Fax: Area code/phone number (TEXT 9116)
___________________________________________________________________________________________________________________________________
</TABLE>
<PAGE> 31
U.S. BANK TRUST CALL DATE: 09/30/1999 ST-BK: 275510 FFIEC 033
NATIONAL ASSOCIATION PAGE RC-18
180 EAST FIFTH STREET VENDOR ID: D CERT: 90319
ST. PAUL, MN 55101 26
Transit Number: 09600069
Schedule RC-O - Continued
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
RCON
9. Deposits in lifeline accounts......................................................... 5596.. 9.
10. Benefit-responsive "Depository Institution Investment Contracts" (included in total
deposits)............................................................................. 8432.. 0 10.
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 the reporting bank's
reciprocal demand balances with the domestic offices of U.S. banks and savings
associations and insured branches in Puerto Rico and U.S. territories and
possessions that were reported on a gross basis in Schedule RC-E had been
reported on a net basis.......................................................... 8785 0 11.a
b. Amount by which demand deposits would be increased if the reporting bank's
reciprocal demand balances with foreign banks and foreign offices of other U.S.
banks (other than insured branches in Puerto Rico and U.S. territories and
possessions) that were reported on a net basis in Schedule RC-E had been reported
on a gross basis................................................................. 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 the reporting bank's net
reciprocal demand balances with the domestic offices of U.S. banks and savings
associations and insured branches in Puerto Rico and U.S. territories and
possessions in Schedule RC-E..................................................... A182 0 11.c
12. Amount of assets netted against deposit liabilities on the balance sheet (Schedule
RC) in accordance with generally accepted accounting principles (exclude amounts
related to reciprocal demand balances):
a. Amounts netted against demand deposits........................................... A527 0 12.a
b. Amounts netted against time and savings deposits................................. A528 0 12.a
</TABLE>
Memoranda
<TABLE>
<CAPTION>
(To be completed each quarter except as noted) Dollar Amounts in Thousands
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
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: RCON
(1) Amount of deposit accounts of $100,000 or less.............................. 2702.. 0 M.1.a1
(2) Number of deposit accounts of $100,000 or less RCON Number
(to be completed for the June report only)..... 3779.. N/A ...... M.1.a2
b. Deposit accounts of more than $100,000:
(1) Amount of deposit accounts of more than $100,000............................ 2710.. 0 M.1.b1
(2) Number of deposit accounts of more than RCON Number
$100,000....................................... 2722.. 0 ...... M.1.b2
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 right whether your bank has a method or
procedure for determining a better estimate of uninsured deposits than the RCON 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
determined by using your bank's method or procedure.............................. 5597.. N/A M.2.b
3. Has the reporting institution been consolidated with a parent bank or savings
association in that parent bank's or parent savings association's Call Report
or Thrift Financial Report?
If so, report the legal title and FDIC Certificate Number of the parent bank
or parent savings association: FDIC Cert No
TEXTA545: ............................................................................ A545.. N/A M.3
</TABLE>
<PAGE> 32
U.S. BANK TRUST NATIONAL
ASSOCIATION Call Date: 09/30/1999 ST-BK: 275510 FFIEC 033
180 EAST FIFTH STREET
ST. PAUL, MN 55101 Vendor ID: D CERT: 90319 PAGE RC-19
27
Transit Number: 09600069
Schedule RC-R - Regulatory Capital
This schedule must be completed by all banks as follows: Banks that
reported total assets of $1 billion or more in Schedule RC, item 12, for June
30, 1998, 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 at the right whether the bank has total capital greater C280<-
than or equal to eight percent of adjusted total RCON YES NO
assets________________________________________________ 6056 X 1.
For purposes of this test, adjusted total assets equals total assets less
cash, U.S. Treasuries, U.S. Government agency obligations, and 80 percent of
U.S. Government-sponsored agency obligations plus the allowance for loan and
lease losses and selected off-balance sheet items as reported on Schedule RC-L
(see instructions).
If the box marked YES has been checked, then the bank only has to complete
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.
<TABLE>
<CAPTION>
Dollar Amounts in Thousands
- -----------------------------------------------------------------------------------------------------------
---------------------------------------
NOTE: All banks are required to complete (Column A) (Column B)
items 2 and 3 below. See optional Subordinated Debt (1) and
worksheet for items 3.a through 3.f. Intermediate Term Other Limited-Life
Preferred Stock Capital Instruments
------------------------- -------------------
<S> <C> <C> <C> <C> <C>
2. Portion of qualifying limited-life capital instruments (original weighted average
maturity of at least five years) that is includible in Tier 2 capital: RCON
a. Subordinated debt (1) and intermediate term preferred stock___________________ A515. . 0 2.a
b. Other limited-life capital instruments________________________________________ A516. . 0 2.b
3. Amounts used in calculating regulatory capital ratios (report amounts determined by
the bank for its own internal regulatory capital analyses consistent with applicable
capital standards):
a. 1. Tier 1 capital______________________________________________________________ 8274. . 43,766 3.a.1
2. Tier 2 capital______________________________________________________________ 8275. . 0 3.a.2
3. Not applicable
b. Total risk-based capital_______________________________________________________ 3792. . 43,766 3.b
c. Excess allowance for loan and lease losses (amount that exceeds 1.25% of gross
risk-weighted assets)__________________________________________________________ A222. . 0 3.c
d. 1. Net risk-weighted assets (gross risk-weighted assets less excess allowance
reported in item 3.c above and all other deductions)________________________ A223. . 53,782 3.d.1
2. Not applicable
e. Maximum contractual dollar amount of recourse exposure in low level recourse
transactions (to be completed only if bank uses the "direct reduction method"
to report these transactions in Schedule RC-R)_________________________________ 1727. . 0 3.e
f. "Average total assets" (quarterly average reported in Schedule RC-K, less
all assets deducted from Tier 1 capital)(2)____________________________________ A224. . 95,233 3.f
Items 4-9 and Memoranda items 1 and 2 are to be completed
by banks that answered NO to item 1 above and by banks
with total assets of $1 billion or more.
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------
(Column A) (Column B)
Assets Recorded on the Credit Equivalent Amount
Balance Sheet of Off-Balance Sheet Items(3)
------------------------- -----------------------------
RCON RCON
<S> <C> <C> <C> <C>
4. Assets and credit equivalent amounts of off-balance
sheet items assigned to the Zero percent risk category:
a. Assets recorded on the balance sheet_______________5163. . 1,280 . . . . . . . . . . . . . 4.a
b. Credit equivalent amount of off-balance sheet items . . . . . . . . . . . . . . 3796. . N/A 4.b
_________
(1) Exclude mandatory convertible debt reported in Schedule RC-M, item 7.
(2) Do not deduct excess allowance for loan and lease losses.
(3) Do not report in column B the risk-weighted amount of assets reported in column A.
</TABLE>
<PAGE> 33
<TABLE>
<S> <C> <C> <C>
U.S. BANK TRUST NATIONAL ASSOCIATION Call Date: 09/30/1999 ST-BK: 275510 FFIEC 033
180 EAST FIFTH STREET Page RC- 20
ST. PAUL, MN 55101 Vendor ID: D CERT: 90319 28
</TABLE>
Transit Number: 09600069
Schedule RC-R - Continued
Dollar Amounts in Thousands
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
(Column A) (Column B)
Assets Recorded on the Credit Equivalent Amount
Balance Sheet of Off-Balance Sheet Items (1)
---------------------- ------------------------------
<S> <C> <C> <C>
5. Assets and credit equivalent amounts of off-balance
sheet items assigned to the 20 percent risk category:
a. Assets recorded on the balance sheet _____________ 5165.. 64,396 ............... 5.a
b. Credit equivalent amount of off-balance sheet items_ ................ 3801.. 0 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.. 0 ............... 6.a
b. Credit equivalent amount of off-balance sheet items_ ................ 3803.. 0 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.. 40,903 ............... 7.a
b. Credit equivalent amount of off-balance sheet items_ ................ 3805.. 0 7.b
8. On balance sheet asset values excluded from and
deducted in the calculation of the risk-based capital
ratio(2) _____________________________________________ 3806.. 0 ............... 8.
9. Total assets recorded on the balance sheet (sum of
items 4.a, 5.a, 6.a, 7.a, and 8, column A) (must equal
Schedule RC, item 12 plus items 4.b and 4.c) _________ 3807.. 106,579 ............... 9.
</TABLE>
Memoranda
Dollar Amounts in Thousands
- --------------------------------------------------------------------------------
<TABLE>
<S> <C> <C>
RCON
1. Current credit exposure across all off-balance sheet derivative contracts ----
covered by the risk-based capital standards _______________________________ 8764.. 0 M.1.
</TABLE>
<TABLE>
<CAPTION>
---------------------- With a remaining maturity of ------------------
(Column A) (Column B) (Column C)
Over one year
One year or less through five years Over five years
----------------------------- -------------------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C>
RCON RCON RCON
2. Notional principal amounts of off-balance ---- ---- ----
sheet derivative contracts:(3)
a. Interest rate contracts _______________3809.. 0 8766.. 0 8767.. 0 M.2a
b. Foreign exchange contracts ____________3812.. N/A 8769.. N/A 8770.. N/A M.2b
c. Gold contracts ________________________8771.. N/A 8772.. N/A 8773.. N/A M.2c
d. Other precious metals contracts _______8774.. N/A 8775.. N/A 8776.. N/A M.2d
e. Other commodity contracts _____________8777.. N/A 8778.. N/A 8779.. N/A M.2e
f. Equity derivative contracts ___________A000.. N/A A001.. N/A A002.. N/A M.2f
</TABLE>
- ------------
(1) Do not report in column B the risk-weighted amount of assets reported in
column A.
(2) Include the difference between the fair value and the amortized cost of
available-for-sale debt securities in item 8 and report the amortized cost
of these debt 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. future contracts) not subject to risk-based capital. Exclude
from item 8 margin accounts and accrued receivables not included in the
calculation of credit equivalent amounts of off-balance sheet derivatives as
well as any portion of the allowance for loan and lease losses in excess of
the amount that may be included in Tier 2 capital.
(3) Exclude foreign exchange contracts with an original maturity of 14 days or
less and all futures contracts.
<PAGE> 34
U.S. BANK TRUST Call Date: 09/30/1999 ST-BK: 275510 FFIEC 033
NATIONAL ASSOCIATION
180 EAST FIFTH STREET Vendor ID: D CERT: 90319 Page RC-21
ST. PAUL, MN 55101
Transit Number: 09600069 29
Optional Narrative Statement Concerning the Amounts
Reported in the Reports of Condition and Income
at close of business on September 30, 1999
U.S. BANK TRUST NATIONAL ASSOCIATION ST. PAUL MN
- ------------------------------------- -------------------------- --------------
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 data 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 data 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 proceeding
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.
- -------------------------------------------------------------------------------
C271 C272 <-
No comment: X (RCON 6979)
BANK MANAGEMENT STATEMENT (please type or print clearly) (TEXT 6980):
-------------------------------------- -----------------
Signature of Executive Officer of Bank Date of Signature
<PAGE> 35
U.S. BANK TRUST Call Date: 09/30/1999 ST-BK: 275510 FFIEC 033
NATIONAL ASSOCIATION
180 EAST FIFTH STREET Vendor ID: D CERT: 90319 Page RC-22
ST. PAUL, MN 55101
Transit Number: 09600069 30
THIS PAGE IS TO BE COMPLETED BY ALL BANKS
================================================================================
OMB No. For OCC: 1557-0081
OMB No. For FDIC: 3064-0052
OMB No. For Federal Reserve: 7100-0036
Expiration Date: 03/31/2002
SPECIAL REPORT
(Dollars Amounts in Thousands)
CLOSE OF BUSINESS DATE: FDIC Certificate Number:
September 30, 1999 90319 C700 <-
================================================================================
LOANS TO EXECUTIVE OFFICERS (Complete as of each Call Report Date)
================================================================================
The following information is required by Public Laws 90-44 and 102-242, but
does not constitute a part of the Report of Condition. With each Report of
Condition, these laws require all banks to furnish a report of all loans or
other extensions of credit to its executive officers made since the date of the
previous Report of Condition. Data regarding individual loans or other
extensions of credit are not required. If no such loans or other extensions of
credit were made during the period, insert "none" against subitem (a). (Exclude
the first $15,000 of indebtedness of each executive officer under bank credit
card plan.) See Sections 215.2 and 215.3 of Title 12 of the Code of Federal
Regulations (Federal Reserve Board Regulation O) for the definitions of
"executive officer" and "extension of credit," respectively. Exclude loans and
other extensions of credit to directors and principal shareholders who are not
executive officers.
================================================================================
<TABLE>
<CAPTION>
RCON
----
<S> <C> <C> <C>
a. Number of loans made to executive officers since
the previous Call Report date.......................... 3561.. NONE a.
b. Total dollar amount of above loans (in thousands
of dollars)............................................ 3562.. 0 b.
c. Range of interest charged on above loans
(example: 9-3/4% = 9.75%).............................. 7701/7702.. 0.00% to 0.00% c.
</TABLE>
================================================================================
SIGNATURE AND TITLE OF OFFICER
AUTHORIZED TO SIGN REPORT: DATE (Month, Day, Year):
/s/ Merita D. Schollmeier Vice President 10-14-99
================================================================================
FDIC 8040/53 (3-98)
