EXHIBIT 7
Federal Financial Institutions Examination Council
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
OMS NUMBER: 7100-0036
Federal Deposit Insurance Corporation
OMB Number: 3064-0052
OFFICE OF THE Comptroller of the Currency
OMB Number: 1557-008 1
Expires March 31, 1999
PLEASE refer to page i, 1
Table of Contents, for
the required disclosure
OF estimated burden.
Consolidated Reports of Condition and Income for
A Bank With Domestic and Foreign Offices - FFIEC 031
(960331)
Report at the close of business March 31, 1996 (RCRIS999)
This report is required by law: 12 U.S.C. 324 (State member banks); 12 U.S.C.
1817 (State nonmember banks); and 12 U.S.C. 161 (National banks).
This report form is to be filed by banks with branches and consolidated
subsidiaries in U.S. territories and possessions, Edge or Agreement
subsidiaries, foreign branches, consolidated foreign subsidiaries, or
International Banking Facilities.
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, Anthony R. Burriesci, EVP
Name and Title of Officer Authorized to Sign Report
of the named bank do hereby declare that these Reports of Condition and
Income (including the supporting schedules) have been prepared in conformance
with the instructions issued by the appropriate Federal regulatory authority
and are true to the best of my knowledge and belief.
/s/ Anthony R. Burriesci
Signature of 0fficer Authorized to Sign Report
April 29, 1996
Date of Signature
The Reports of Condition and Income are to be prepared in accordance with
Federal regulatory authority instructions. NOTE: These instructions may in
some cases differ from generally accepted accounting principles.
We, THE undersigned directors (trustees), attest to the correctness of this
Report of Condition (including the supporting schedules) and declare that it
has been examined by us and to the best of our knowledge and belief has been
prepared in conformance with the instructions issued by the appropriate
authority and is true and correct.
/s/__________________
Director (Trustee)
/s/ Albert ___________
Director (Trustee)
_______________________
Director (Trustee)
FOR BANKS SUBMITTING HARD COPY REPORT FORMS:
STATE MEMBER BANKS: Return THE original and one COPY to the
appropriate Federal Reserve District Bank.
State Nonmember Banks: Return the original only in the special return address
envelope provided. If express mail is used in lieu of the special return
address envelope, return the original only to the FDIC, c/o Quality Data
Systems, 2127 Espey Court, Suite 204, Crofton, MD 21114.
National Banks: Return the original only in the special return address
envelope provided. If express mail is used in lieu of the special return
address
envelope, return the original only to the FDIC, c/o Quality Data Systems, 2127
Espey Court, Suite 204, Crofton, MD 21114.
FDIC Certificate Number 0923O
(RCRI9050)
Banks should affix the address label in this space.
First Union Bank of Connecticut
Legal Title of Bank (TEXT 9010)
P. O. Box 700
City (Text 9130)
Stamford, CT 06904
State Abbrev. (TEXT 9200) ZIP Code (TEXT 9220)
Board of Governors of the Federal Reserve System, Federal Deposit Insurance
Corporation, Office of the Comptroller of the Currency
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
Call Date: 3/31/96 ST-BK: 09-1563 FFIEC 031
Consolidated Report of Income
for the period January 1, 1996-March 31, 1996
PAGE RI-1
All Report of Income schedules are to be reported on a calendar year-to-date
basis in thousands of dollars.
Schedule RI--Income Statement
I480
Dollar Amounts in Thousands RIAD Bil Mil Thou
1. Interest income:
a. Interest and fee income on loans:
(1) In domestic offices:
(a) Loans secured by real estate 4011 27,812 1.a.(1)(a)
(b) Loans to depository institutions 4019 0 1.a.(1)(b)
(c) Loans to finance agricultural production
and other loans to farmers 4024 3 1.a.(1)(c)
(d) Commercial and industrial loans 4012 7,224 1.a.(1)(d)
(e) Acceptances of other banks 4026 0 1.a.(1)(e)
(f) Loans to individuals for household, family,
and other personal expenditures:
(1) Credit cards and related plans 4054 284 1.a(1)(f)(1)
(2) Other 4055 2,190 1.a.(1)(F)(2)
(g) Loans to foreign governments and official
institutions 4056 0 1.a.(1)(g)
(h) Obiigations (other than securities and Leases)
of states and political subdivisions in the U.S.:
(1) Taxable obligations 4503 7 1.a.(1)(h)(1)
(2) Tax-exempt obligations 4504 100 1.a.(1)(h)(2)
(i) All other loans in domestic offices 4058 43 1.a.(1)(i)
(2) In foreign offices, Edge and Agreement
subsidiaries, and IBFs 4059 0 1.a.(2)
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:(l)
(1) In domestic offices 4105 530 1.c.(1)
(2) In foreign offices, Edge and Agreement
subsidiaries, and IBFs 4106 0 1.c.(2)
d. Interest and dividend income on securities:
(1) U.S. Treasury securities and U.S.
Government agency and corporation
obligations 4027 1,714 1.d.(1)
(2) Securities issued by states and
political subdivisions in the U.S.:
(a) Taxable securities 4506 0 1.d.(2)(a)
(b) Tax-exempt securities 4507 9 1.d.(2)(b)
(3) Other domestic debt securities 3657 1,403 1.d.(3)
(4) Foreign debt securities 3658 5 1.d.(4)
(5) Equity securities (including
investments in mutual funds) 3659 0 1.d.(5)
e. Interest income from trading assets 4069 0 1.e.
(1) Includes interest income on time certificates of deposit not held
for trading.
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: Po BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
SCHEDULE RI--Continued
Call Date: 3/31/96 ST-SK: 09-1563 FFIEC 031
Page RI-2
Dollar Amounts in Thousand Year-to-date
RIAD Bil Mil Thou
I. Interest income (continued)
f. Interest income on federal funds sold and
securities purchased under agreements to resell
in domestic offices of the bank and of its Edge
and Agreement subsidiaries, and in IBFs 4020 3,345 1.f.
g. Total interest income (sum of items l.a
through l.f) 4107 44,669 1.g.
2. Interest expense:
a. Interest on deposits:
(1) Interest on deposits in domestic offices:
(a) Transaction accounts (NOW accounts, ATS accounts,
and telephone and preauthorized transfer accounts) 4508 772 2.a.(1)(a)
(b) Nontransaction accounts:
(1) Money market deposit accounts
(MMDAS) 4509 2,438 2.a.(1)(b)(1)
(2) Other savings deposits 4511 1,959 2.a.(1)(b)(2)
(3) Time certificates of deposit of $100,000 or
more 4174 1,147 2.a.(1)(b)(3)
(4) All other time deposits 4512 6,207 2.a.(1)(b)(4)
(2) Interest on deposits in foreign offices, Edge
and Agreement subsidiaries, and IBFs 4172 0 2.a.(2)
b. Expense of federal funds purchased and securities
sold under agreements to repurchase in domestic offices
of the bank and of its Edge and Agreement subsidiaries,
and in IBFs 4180 2,434 2.b.
c. Interest on demand notes issued to the U.S.
Treasury, trading liabiLities, and other
borrowed money 4185 0 2.c.
d. Interest on mortgage indebtedness and
obligations under capitalized leases 4072 0 2.d.
e. Interest on subordinated notes and debentures 4200 0 2.e.
f. Total interest expense (sun of items 2.a
through 2.e) 4073 15,002 2.f.
3. Net interest income (item l.g minus 2.f) RIAD 4074 29,667 3.
4. Provisions:
a. Provision for loan and lease losses RIAD 4230 (20,000)
4.a.
b. Provision for allocated transfer risk RIAD 4243 0 4.b.
5. Noninterest income:
a. Income from fiduciary activities 4070 3,103 5.a.
b. Service charges on deposit accounts in
domestic offices 4080 2,984 5.b.
c. Trading revenue (must equal Schedule RI,
sum of Memorandum items 8.a through 8.d) A220 12 5.c.
d. Other foreign transaction gains (losses) 4076 0 5.d.
e. Not applicable
f. Other noninterest income:
(1) Other fee income 5407 1,606 5.f.(1)
(2) All other noninterest income* 5408 320 5.f.(2)
g. Total noninterest income (sum of items
5.a through 5.f) RIAD 4079 8,025 5.g.
6. a. Realized gains (losses) on held-
to-maturity securities RIAD 3521 (1,429)
6.a.
b. Realized gains (losses) on available-
for-sale securities RIAD 3196 0
6.b.
7. Noninterest expense:
a. Salaries and employee benefits 4135 10,086 7.a.
b. Expenses of premises and fixed assets
(net of rental income) excluding salaries
and employee benefits and mortgage interest) 4217 3,999 7.b.
c. Other noninterest expense* 4092 5,398 7.c.
d. Total noninterest expense (sum of
items 7.a through 7.c) RAID 4093 19,483
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) RIAD 4301 36,780
8.
9. Applicable income taxes (on item 8) RIAD 4302 13,021
9.
10. Income (loss) before extraordinary
items and other adjustments (item 8 minus 9) RIAD 4300 23,759
10.
4.
*DESCRIBE on SCHEDULE RI-E--ExpLanations.
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: Po BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
Schedule RI--Continued
Call Date: 3/31/96 ST-BK: 09-1563 FFIEC 031
Page RI-3
Year-to-date
Dollar Amounts in Thousands RIAD BiL MiL
Thou
11. Extraordinary items and other adjustments:
a. Extraordinary items and other adjustments,
gross of income taxes* . 4310 0 ll.a.
b. Applicable income taxes (on item ll.a)* 4315 0 ll.b.
c. Extraordinary items and other adjustments,
net of income taxes
(item ll.a minus ll.b) RIAD 4320 0
11.c.
12. Net income (loss) (sum of items 10 and ll.c) RIAD 4340 23,759
12.
Memoranda I481
Year to date
DOLLAR AMOUNTSin Thousands RIAD Bil Mil
Thou
1. Interest expense incurred to carry tax-
exempt securities, loans, and leases
acquired after August 7, 1986, that is not
deductible for federal income tax purposes 4513 0 M.1.
2. Income from the sale and servicing of
mutual funds and annuities in domestic
offices (included in Schedule RI, item 8) 8431 0 M.2.
3.-4. Not applicable
5. Number of full-time equivalent employees
on payroll at end of current period Number
(round to nearest whole number) 4150 958 M.5.
6. Not applicable
7. If the reporting bank has restated its
balance sheet as a result of applying push down MM DD YY
accounting this calendar year, report the date
of the bank's acquisition 9106 00/00/00 M.7.
8. Trading revenue (from cash instruments
and off-balance sheet derivative instruments)
(sum of Memorandum items 8.a through 8.d
must equal Schedule RI, item 5.c): Bil Mil Thou
a. Interest rate exposures 8757 0 M.8.a.
b. Foreign exchange exposures 8758 12 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 (6) M.9.a.
b. Net (increase) decrease to interest expense 8762 107 M.9.a.
c. Other (noninterest) allocations 8763 0 M.9.c.
10. Credit losses on off-balance sheet
derivatives (see instructions) A251 0 M.10.
5.
*Describe on Schedule RI-E--ExpLanations.
LEGAL TITLE OF Bank: FIRST UNION BANK OF CONNECTICUT
ADDRESS: PO BOX 700
CITY, STATE Zip: STAMFORD, CT 06904
FDIC CERTIFICATE NO.: 09230
Call Date: 3/31/96 ST-BK:09-1563
Page RI-4
SCHEDULE RI-A--Changes in Equity Capital
Indicate decreases and losses in parentheses.
Call Date: 3/31/96 ST-BK: 09-1563 FFIEC 031
Page RI-4
I483
DollarAMOUNTS IN THOUSANDS
RIAD Bil Mil Thou
1. Total equity capital originally
reported in the December 31, 1995,
Reports of Condition and Income 3215 274,179 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 274,179 3.
4. Net income (loss) (must equal Schedule RI,
item 12) 4340 23,759 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 45,000 8.
9. Cumulative effect of changes in accounting
principles from prior years* (see instructions
for this schedule) 4411 0 9.
10. Corrections of material accounting errors
from prior years* (see instructions for this schedule) 4412 0 10.
11. Change in net unrealized holding gains (losses)
on available-for-sale securities 8433 1,202 11.
12. Foreign currency translation adjustments 4414 0 12.
13. Other transactions with parent holding company*
not included in items 5, 7, or 8 above) 4415 0 13.
14. Total equity capital end of current period
sum of items 3 through 13) (must equal Schedule
RC, item 28) 3210 254,140 14.
*Describe on Schedule RI-E--Explanations.
Schedule RI-B--Charge-offs and Recoveries and Changes
in Allowance for Loan and Lease Losses
Part 1. Charge-offs and Recoveries on Loans and Leases
Part I excludes charge-offs ard recoveries through
the allocated transfer risk reserve.
I486
(Column A) (Column B)
Charge-offs Recoveries
Calendar year-to-date
Dollar Amounts in Thousand RIAD Bil Mil Thou RIAD Bil Mil
Thou
1. Loans secured by real estate:
a. To U.S. addressees (domicile) 4651 1,200 4661 338 1.a.
b. To non-U.S. addressees (domicile) 4652 0 4662 0 1.b.
2. Loans to depository institutions and
acceptances of other banks:
a. To U.S. banks and other U.S.
depository institutions 4653 0 4663 0 2.a.
b. To foreign banks 4654 0 4664 0 2.b.
3. Loans to finance agricultural production
and other loans to farmers 4655 0 4665 0 3.
4. Commercial and industrial Loans:
a. To U.S. addressees (domicile) 4645 1,101 4617 519 4.a.
b. To non-U.S. addressees (domicile) 4646 0 4618 0 4.b.
S. Loans to individuals for household, family,
and other personal expenditures:
a. Credit cards and related plans 4656 0 4666 0 5.a.
b. Other (includes single payment, installment,
and all student loans) 4657 275 4667 60 5.b.
6. Loans to foreign governments and official
institutions 4643 0 4627 0 6.
7. All other loans 4644 0 4628 0 7.
B. Lease financing receivables:
a. Of U.S. addressees (domicile) 4658 0 4668 0 8.a.
b. Of non-U.S. addressees (domicile) 4659 0 4669 0 8.b.
9. Total (sum of items 1 through 8) 4635 2,576 4605 917 9.
6
.
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
Call Date: 3/31/96 ST-BK: 09-1563 FFIEC 031
Page RI-5
SCHEDULE RI-B--Continued
Part 1. Continued
(Column A) (Column B)
Charge-offs Recoveries
Memoranda Calendar year-to-date
Dollar Amounts in Thousands RIAD Bil Mil Thou RIAD Bil Mil Thou
1-3. Not applicable
4. Loans to finance commercial real estate,
construction, and land development
activities (not secured by real estate)
included in Schedule RI-B, part I, items
4 and 7, above 5409 0 5410 0 M.4.
5. Loans secured by real estate in domestic
offices (included in Schedule RI-8, part 1,
item 1, above):
a. Construction and land development 3582 18 3583 0 M.5.a.
b. Secured by farmland 3584 0 3585 0 M.5.b.
c. Secured by 1-4 family residential properties:
(1) Revolving, open-end loans secured by 1-4
family residential properties and extended
under lines of credit 5411 64 5412 2
M.5.c.(1)
(2) All other loans secured by 1-4 family
residential properties 5413 395 5414 1
M.5.c.(2)
d. Secured by multifamily (5 or more) residential
properties 3588 0 3589 0 M.5.d.
e. Secured by nonfarm nonresidential properties 3590 723 3591 335 M.5.e.
Part 11. Changes in Allowance for Loan and Lease Losses
Dollar Amounts in Thousands RIAD Bil Mil Thou
1 .Balance originally reported in the
December 31, 1995, Reports of Condition
and Income 3124 73,006 1.
2. Recoveries (must equal part 1, item 9,
column 8 above) 4605 917 2.
3. LESS: Charge-offs (must equal part 1,
item 9, column A above) 4635 2,576 3.
4. Provision for loan and lease losses
(must equal Schedule RI, item 4.a) 4230 (20,000) 4.
5. Adjustments* (see instructions for this
schedule) 4815 0 5.
6. Balance end of current period (sum of
items 1 through 5) (must equal Schedule RC,
item 4.b) 3123 51,347 6.
*DESCRIBE ON SCHEDULE RI-E--Explanations.
Schedule RI-C--Applicable Income Taxes by Taxing Authority
SCHEDULE RI-C IS TO BE reported with the December REPORT of INCOME.
I489
Dollar Amounts in Thousands RIAD Bil Mil Thou
1. Federal 4780 N/A 1.
2. State and Local 4790 N/A 2.
3. Foreign 4795 N/A 3.
4. Total (sum of items 1 through 3)
(must equal sum of Schedule RI, items 9 and ll.b) 4770 N/A 4.
5. Deferred portion of item 4 RIAD 4772 N/A 5.
7.
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: P O BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
SCHEDULE RI-D--INCOME from International Operations
For all banks with foreign offices, Edge or Agreement subsidiaries, or
IBFs where international operations account for more than 10 percent of
total revenues, total assets, or net income.
Part I. Estimated Income from International Operations
I492
Year-to-date
DOLLAR AMOUNTS INThousands RIAD Bil Mil Thou
1. Interest income and expense booked at
foreign offices, Edge and Agreement
subsidiaries, and IBFS:
a. Interest income booked 4837 N/A 1.a.
b. Interest expense booked 4838 N/A 1.b.
c. Net interest income booked
foreign offices, Edge and Agreement
subsidiaries, and IBFs (itern I.a minus l.b) 4839 N/A 1.c.
2. Adjustments for booking location of
international operations:
a. Net interest income attributable to
international operations booked at
domestic offices 4840 N/A 2.a.
b. Net interest income attributable to
domestic business booked at foreign
offices 4841 N/A 2.b.
c. Net booking location adjustment
(item 2.a minus 2.b) 4842 N/A 2.c.
3. Noninterest income and expense
attributable to international operations:
a. Noninterest income attributable to
international operations 4097 N/A 3.a.
b. Provision for loan and lease losses
attributable to international operations 4235 N/A 3.b.
c. Other noninterest expense attributable to
international operations 4239 N/A 3.c.
d. Net noninterest income (expense)
attributable to international operations
(item 3.a minus 3.b and 3.c) 4843 N/A 3.d.
4. Estimated pretax income attributable to
international operations before capital
allocation adjustment (sum of items l.c, 2.c,
and 3.d) 4844 N/A 4.
5. Adjustment to pretax income for internal
allocations to international operations to
reflect the effects of equity capital on
overall bank funding costs 4845 N/A 5.
6. Estimated pretax income attributable to
international operations after capital allocation
adjustment (sum of items 4 and 5) 4846 N/A 6.
7. Income taxes attribtitable to income from
international operations as estimated in item 6 4797 N/A 7.
S. Estimated net income attributable to
international operations (item 6 minus 7) 4341 N/A 8.
Memoranda
Dollar Amounts in Thousands RIAD Bil Mil Thou
1. Intracompany interest income included in
item l.a above..................................4847 N/A M.1.
2. Intracompany interest expense included
item l.b above 4848 N/A M.2.
Part 11. Supplementary Details on Income from International operations
Required by the Departments of Commerce and Treasury for Purposes of the U.S.
International Accounts and the U.S. National Income and Product Accounts
Year-to-date
Dollar Amounts in Thousand RIAD Bil Mil Thou
1. Interest income booked at IBFs 4849 N/A 1.
2. Interest expense booked at IBFs 4850 N/A 2.
3. Noninterest income attributable to
international operations booked at domestic
offices (excluding IBFS):
a. Gains (losses) and extraordinary items 5491 N/A 3.a.
b. Fees and other noninterest income 5492 N/A 3.b.
4. Provision for loan and lease losses
attributable to international operations
booked at domestic offices (excluding IBFS) 4852 N/A 4.
5. Other noninterest expense attributable to
international operations booked at domestic
offices (excluding IBFS) 4853 N/A 5.
8.
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No. :09230
Call Date: 3/31/96 ST-BK: 09-1563 FFIEC 031
Page RI-7
Schedule RI-E--Explanations
Schedule RI-E is to be completed each quarter on a calendar year-to-date
basis.
Detail all adjustments in Schedule RI-A and RI-B, all extraordinary items
and other adjustments in Schedule RI, and all significant items of other
noninterest income and other noninterest expense in Schedule RI. (See
instructions for details.)
I495
Year-to-date
Dollar Amounts in Thousands RIAD Bil Mil Thou
1. All other noninterest income
(from Schedule RI, item 5.f.(2))
Report amounts that exceed 10% of
Schedule RI, item 5.f.(2):
a. Net gains on other reat estate
owned 5415 0 1.a.
b. Net gains on sales of loans 5416 0 1.b.
c. Net gains on sales of premises
and fixed assets 5417 0 1.c.
Itemize and describe the three largest
other amounts that exceed 10% of Schedule RI, item 5.f.(2):
d. TEXT 4461 Corporate Owned Life Insurance - CSV 4461 253 1.d.
e. TEXT4462 4462 1.e.
f. TEXT 4463 4463 1.f.
2. Other noninterest expense (from Schedule RI,
item 7.c):
a. Amortization expense of intangible assets 4531 757 2.a.
Report amounts that exceed 10% of Schedule RI, item 7.c:
b. Net losses on other real estate owned 5418 0 2.b.
c. Net losses on sales of loans 5419 0 2.c.
d. Net losses on sales of premises and fixed assets 5420 0 2.d.
Itemize and describe the three largest other
amounts that exceed 10% of Schedule RI, ite(n 7.c:
e. TEXT 4464 4464 2.e.
f. TEXT 4467 4467 2.f.
g. TEXT 4468 4468 2.g
3. Extraordinary items and other adjustments (from
Schedule RI, item ll.a) and applicable income tax
effect (from Schedule RI, item ll.b) (itemize and
describe all extraordinary items and other
adjustments):
a. (1) TEXT 4469 4469 3.a.(1)
(2) Applicable income tax effect RIAD 4486 3.a.(2)
b.(1) TEXT 4487 4487 3.b.(1)
(2) ApplicabLe income tax effect RIAD 4488 3.b.(2)
c.(1)TEXT 4489 4489 3.c.(1)
(2) Applicable income tax effect RIAD 4491 3.c.(2)
4. Equity capital adjustments from
amended Reports of Income (from
Schedule RI-A, item 2) (itemize and
describe all adjustments):
a. TEXT 4492 4492 4.a.
b. TEXT 4493 4493 4.b.
Cumulative effect of changes in accounting
5. principles from prior years (from Schedule RI-A,
item 9) (itemize and describe all changes in
accounting principles):
a. TEXT 4494 4494 5.a.
b. TEXT 4495 4495 5.b.
6. Corrections of material accounting errors
from prior years (from Schedule RI-A,
item 10) (itemize and describe all corrections):
a. TEXT4496 4496 6.a.
b. TEXT 4497 4497 6.b.
9.
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
CALL Date: 3/31/96 ST-SK: 09-1563 FFIEC 031
Page RI-8
Schedule RI-E--Continued
Year-to-date
Dollar Amounts in Thousands
7. Other transactions with parent holding company (from Schedule RI-A,
item 13) (itemize and describeall such transactions):
a. TEXT 4498 4498 7.a.
b. TEXT 4499 4499 7.b.
8. Adjustments to allowance for loan and lease losses (from Schedule
RI-B, part 11, item 5) (itemize and describe all adjustments):
a. TEXT 4521 4521 8.a.
b. TEXT 4522 4522 8.b.
9. Other explanations (the space below is provided for I498 I499
the bank to briefly describe, at its option, any other
significant items affecting the Report of Income):
No comment X (RIAD 4769)
Other explanations (please type or print clearly):
(TEXT 4769)
10.
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Call Date:
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 10191213101
Consolidated Report of Condition for Insured Commercial
and State-Chartered Savings Banks for March 31, 1996
All schedules are to be reported in thousands of dollars. Unless otherwise
indicated, report the amount outstanding as of the last business day of the
quarter.
Schedule RC--Balance Sheet
C400
Dollar Amounts in Thousands RCFD Bil Mil Thou
ASSETS
1 .Cash and balances due from depository
institutions (from Schedule RC-A):
a. Noninterest-bearing balances and currency
and coin(l) 0081 344,456 1.a.
b. Interest-bearing batances(2) 0071 18,933 1.b.
2. Securities;
a. Held-to-maturity securities (from
Schedule RC-8, column A) 1754 8,370 2.a.
b. Available-for-sate securities (from
ScheduLe RC-B, column D) 1773 74,226 2.b.
3. Federal funds sold and securities
purchased under agreements to resell
domestic offices of the bank and of its Edge
and Agreement subsidiaries, and in IBFS:
a. Federal funds sold 0276 0 3.a.
b. Securities purchased under agreements to resell
4. Loans and lease financing receivables: 0277 154,000 3.b.
a. Loans and leases, net of unearned income
(from Schedule RC-C) RCFD 2122 1,966,808 4.a.
b. LESS: Allowance for loan and lease losses. RCFD 3123 51,347 4.b.
c. LESS: Allocated transfer risk reserve RCFD 3128 0 4.c.
d. Loans and leases, net of unearned income,
allowance, and reserve (item 4.a minus
4.b and 4.c) 2125 1,915,461 4.d.
5.Trading assets (from Schedule RC-D) 3545 0 5.
6.Premises and fixed assets (including
capitalized leases) 2145 33,160 6.
7.Other real estate owned (from Schedule RC-M) 2150 5,056 7.
8.Investments in unconsolidated subsidiaries and
associated companies (from ScheduLe RC-M) 2130 86 8.
9.Customers' LiabiLity to this bank on
acceptances outstanding 2155 7,307 9.
10. IntangibLe assets (from Schedule RC-M) 2143 38,151 10.
11. Other assets (from ScheduLe RC-F) 2160 80,650 11.
12. Total assets (sum of items 1 through 11) 2170 2,679,856 12.
(1) Includes cash items in process of cotlection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
CALL Date: 3/31/96 ST-BK: 09-1563 FFIEC 031
Page RC-2
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
SCHEDULE RC--Continued
Dollar Amounts in Thousands Bil Mil Thou
LIABILITIES
13. Deposits:
a. In domestic offices (sum of totals of
columns A and C from Schedule RC-E, part 1) RCON 2200 2,053,371 13.a.
(1) Noninterest-bearing(l) RCON 6631 535,084 13.a.(1)
(2) Interest-bearing RCON 6636 1,518,287 13.a.(2)
b. In foreign offices, Edge and Agreement
subsidiaries, and IBFs (from Schedule RC-E, part II) RCFN 2200 0 13.b.
(1) Noninterest-bearing RCFN 6631 0 13.b.(1)
(2) Interest-bearing RCFN 6636 0
13.b.(2)
14. Federal funds purchased and securities sold under agreements to
repurchase in domestic offices of the bank and of its Edge and Agreement
subsidiaries, and in IBFS:
a. Federal funds purchased RCFD 0278 313,409 14.a.
b. Securities sold under agreements to repurchase RCFD 0279 5,800 14.b
15. a. Demand notes issued to the U.S. Treasury RCON 2840 0 15.a.
b. Trading liabilities (from Schedule RC-D) RCFD 3548 0 15.b.
16. Other borrowed money:
a. With a remaining maturity of one year or less RCFD 2332 76 16.a.
b. With a remaining maturity of more than one year RDFD 2333 0 16.b.
17. Mortgage indebtedness and obligations under
capitalized leases RCFD 2910 0 17.
18. Bank's liability on acceptances executed and
outstanding RCFD 2920 7,307 18.
19. Subordinated notes and debentures RCFD 3200 0 19.
20. Other liabilities (from Schedule RC-G) RCFD 2930 45,753 20.
21. Total liabilities (sum of items 13
through 20) RCFD 2948 2,425,716 21.
22. Limited-life preferred stock and related
surplus RCFD 3282 0 22.
EQUITY CAPITAL
23. Perpetual preferred stock and related surplus RCFD 3838 0 23.
24. Common Stock RCFD 3230 14,424 24.
25. Surplus (exclude all surplus related to
preferred stock) RCFD 3839 200,511 25.
26. a. Undivided profits and capital reserves RCFD 3632 39,325 26.a.
b. Net unrealized holding gains (Losses) on
available-for-sale securities RCFD 8434 (120) 26.b.
27. Cumutative foreign currency translation
adjustments RCFD 3284 0 27.
28. Total equity capital (sum of items 23
through 27) RCFD 3210 254,140 28.
29. Total liabilities, Limited-.life preferred
stock, and equity capital (sum of items 21,
22, and 28) RCFD 3300 2,679,856 29.
Memorandum
To be reportd only with the March Report of Condition.
1 Independent audit of the bank conducted in accordance with generatly
accepted auditing standards by a certified public accounting firm which
submits a report on the bank 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)
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
Number 1995.................................................RCFD 6724
1 M.l.
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.
12
Legal TitLe of Bank: FIRST UNION BANK OF CONNECTICUT
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 10191213101
Call Date: 3/31/96 ST-BK: 09-1563
SCHEDULE RC-A--CASH and Balances Due From Depository Institutions
Exclude assets held for trading.
C405
(Column A) (Column B)
Consolidated Domestic
Bank Offices
Dollar Amounts in Thousand RCFD Bil Mil Thou RCON Bil Mil Thou
1. Cash items in process of collection,
unposted debits, and currently and coin 0022 120,436 1.
a. Cash items in process of collection and
unposted debits 0020 65,720 1.a.
b. Currency and coin 0080 54,716 1.b.
2. Balances from depository institutions
in the U.S 0082 156,180 2.
a. U.S. branches and agencies of foreign
banks (including their IBFS) 0083 0 2.a.
b. Other commercial banks in the U.S. and
other depository institutions in the U.S.
(including their IBFS) 0085 156,180 2.b.
3. Balances due from banks in foreign
countries and foreign central banks 0070 18,933 3.
a. Foreign branches of other U.S. banks 0073 18,933 3.a.
b. Other banks in foreign countries and
foreign central banks 0074 0 3.b.
4. Balances due from Federal Reserve Banks 0090 67,840 0090 67,840 4.
5. Total (sum of items 1 through 4) (total
of column A must equal Schedule RC, sum of
items l.a and l.b) 0010 363,389 0010 363,389 5.
Memorandum Dollar Amounts in Thousands RCON Bil Mil Thou
1. Noninterest-bearing balances due from
commercial banks in the U.S. (included in item 2,
column 8 above) 0050 156,130 M.1
............................................................................ .
Schedule RC-B--Securities
Exclude assets held for trading.
C410
Held-to-maturity Available-for-sale
(Column A) (Column B) (Column C) (Column
D)
Amortized Cost Fair VaLue Amortized Cost Fair
VaLue(l)
Dollar Amounts in RCFD Bil RCFD Bil RCFD Bil Mil RCFD
Bil
Thousands Mil Thou Mil Thou Thou Mil Thou
1. U.S. Treasury
securities 0211 0 0213 0 1286 40,711 1287 40,455 1.
2. U.S. Government
agency and corporation
obligations (exclude
mortgage-backed securities):
a.Issued by U.S. Govern-
ment agencies(2) 1289 0 1290 0 1291 0 1293 0 2.a.
b. Issued by U.S. Gover@t-sponsored
agencies(3) 1294 0 1295 0 1297 2,227
1298 2,231 2.b.
(1) Includes equity securities without readily determinable fair values
at historical cost in itein 6.c, column D.
(2) Includes Small Business Administration "Guaranteed Loan Pool
Certificates," U.S. Maritime Admininistration obligations, and Export-Import
Bank participation certificates.
(3) Includes obligations (other than mortgage-backed securities) issued by the
Farm Credit System, the Federal Home Loan Bank System, the Federal Home Loan
Mortgage Corporation, the Federal National Mortgage Association, the Financing
Corporation, Resolution Funding Corporation, the Student Loan Marketing
Association, and the Tennessee Valley Authority.
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
SCHEDULE RC-B--Continued
Call Date: 3/31/96 ST-BK: 09-1563 FFIEC 031
Page RC-4
Held-to-maturity AvaiLabLe-for-sale
(Column A) (CoLumn B) (Column C) (Column D)
Amortized Fair Amortized Fair
Cost Value Cost Cost Value(l)
Dollar Amounts
in Thousands RCFD Bil RCFD Bil RCFD Bil RCFD Bil
Mil Thou Mil Thou Mil Thou Mil Thou
3. Securities issued by
states and political
subdivisions in the
U.S.:
a. General obligations 1676 291 1677 294 1678 0 1679 0 3.a.
b. Revenue obligations 1681 230 1686 230 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 (M8S):
a. Pass-through
securities:
(1) Guaranteed by
GNMA 1698 0 1699 0 1701 0 1702 0 4.a.(1)
(2) Issued by FNMA
and FHLMC 1703 7,602 1705 7,617 1706 0 1707 0 4.a.(2)
(3) Other pass-through
securities 1709 0 1710 0 1711 0 1713 0
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 30,861 1717 30,936
4.b.(1)
(2) Collateratized by
MBS issued or guaranteed
by FNMA, FHLMC,or GNMA 1718 0 1719 0 1731 0 1732 0
4.b.(2)
(3) All other mortgage-
backed securities 1733 0 1734 0 1735 603 1736 594
4.b.(3)
5. other debt securities:
a. Other domestic debt
securities 1737 0 1738 0 1739 0 1741 0 5.a.
b. Foreign debt
securities 1742 247 1743 247 1744 0 1746 0 5.b.
6. Equity securities:
a. Investments in mutual
funds 1747 10 748 10 6.a.
b. Other equity securities
with readily determin-
able fair values 1749 0 1751 0 6.b.
c. All other equity
securities(l) 1752 0 1753 0 6.c.
7. Total (sum of item 1
through 6) (total of
colum A must equal
Schedute RC, item 2.a)
(total of column D
must equal Schedule RC,
itern 2.b) 1754 8,370 1771 8,388 1772 74,412 l773
74,226 7.
(1) Includes equity securities without readily determinable fair values
at historical cost in item 6.c, column D.
14
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
Schedule RC-B--Continued
Call Date: 3/31/96 ST-BK: 09-1563
Memorandum
C412
Dollar Amounts in Thousands RCFD Bil Mil Thou
Pledged securities(2) 0416 78,898 M.1.
2. Maturity and repricing data for
debt securities(2),(3),(4) (excluding
those in nonaccrual status):
a. Fixed rate debt securities with a
remaining maturity of:
(1) Three months or Less 0343 33 M.2.a.(1)
(2) Over three months through 12 months 0344 20,344 M.2.a.(2)
(3) Over one year through five years 0345 22,806 M.2.a.(3)
(4) Over five years 0346 39,122 M.2.a.(4)
(5) Total fixed rate debt securities
(sum of Memorandum items
2.a.(l) through 2.a.(4) 0347 82,305 M.2.a.(5)
b. Floating rate debt securities with
a repricing frequency of:
(1) Quarterly or more frequently 4544 0 M.2.b.(1)
(2) Annually or more frequently, but less
frequently than quarterly 4545 281 M.2.b.(2)
(3) Every five years or more frequently,
but less frequently than annually 4551 0 M.2.b.(3)
(4) Less frequently than every five years 4552 0 M.2.b.(4)
(5) Total floating rate debt securities
(sum of Memorandum items 2.b.(l) through
2.b.(4)) 4553 281 M.2.b.(5)
c. Total debt securities (sum of Memorandum
items 2.a.(5) and 2.b.(5)) (must equal total
debt securities from schedule RC-B, sum of
items 1 through 5, columns A and D, minus
nonaccrual debt securities included in
Schedule RC-N, item 9, column C) 0393 82,586 M.2.c.
3. Not applicable
4. Held-to-maturity debt securities rest
structured and in compliance with modified
terms (included in Schedule RC-B, items 3
through 5, column A, above) 5365 0 M.4.
5. Not applicable
6. Floating rate debt securities with a
remaining maturity of one year or
Less(2),(4) (included in Memorandum
items 2.b.(l) through 2.b.(4) above) 5519 0 M.6.
7. Amortized cost of held-to-maturity
securities sold or transferred to
available-for-sale or trading securities
during the calendar year-to-date (report
the amortized cost at date of sale
or transfer) 1778 0 M.7.
8. High-risk mortgage securities (included
in the held-to-maturity and available-for-sale
accounts in schedule RC-8, item 4.b):
a. Amortized cost 8780 400 M.8.a.
b. Fair value 8781 400 M.8.b.
9. Structured notes (included in the
held-to-maturity and available-for-sale
accounts in schedule RC-B, items 2, 3,
and 5):
a. Amortized cost 8782 0 M.9.a.
b. Fair value 8783 0 M.9.b.
(2) Includes held-to-maturity securities at amortized cost and
available-for-sale securities at fair value.
(3) Exclude equity securities, e.g., investments in mutual funds,
Federal Reserve stock, common stock, and preferred stock.
(4) Memorandum items 2 and 6 are not applicable to savings banks
that must complete supplemental schedule RC-J.
5
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
Schedule RC-C--Loans and Lease Financing Receivables
Call Date: 3/31/96 ST-SK: 09-1563
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.
C415
(Column A) (Column B)
Consolidated Domestic
Bank Offices
Dollar Amounts in Thousands RCFD Bil Mil Thou RCON Bil Mil Thou
1. Loans secured by real estate 1410 1,392,410 1.
a. Construction and land development 1415 9,139 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 133,805 1.c.(1)
(2) All other loans secured by 1-4
family residential properties:
(a) Secured by first Liens 5367 734,672 1.c.(2)(a)
(b) Secured by junior Liens 5368 41,578 1.c.(2)(b)
d. Secured by multifamily (5 or more)
residential properties 1460 57,246 1.d.
e. Secured by nonfarm nonresidential
properties 1480 415,970 1.e.
2. Loans to depository institutions:
a. To commercial banks in the US 1505 3,930 2.a.
(1) To U.S. branches and agencies of
foreign banks 1506 0 2.a.(1)
(2) To other commercial banks in the US 1507 3,930 2.a.(2)
b. To other depository institutions in
the US 1517 688 1517 688 2.b.
c. To banks in foreign countries 1510 906 2.c.
(1) To foreign branches of other U.S. banks 1513 0 2.c.(1)
(2) To other banks in foreign countries 1516 906 2.c.(2)
3. Loans to finance agricultural production
and other loans to farmers 1590 119 1590 119 3.
4. Commercial and industrial Loans:
a. To U.S. addressees (domicile) 1763 456,230 1763 456,230 4.a.
b. To non-U.S. addressees (domicile) 1764 0 1764 0 4.b.
5. Acceptances of other banks:
a. Of U.S. banks 1756 0 1756 0 5.a.
b. Of foreign banks 1757 0 1757 0 5.b.
6. Loans to individuals for household,
family, and other personal expenditures
(i.e., consumer Loans) (includes
purchased paper) 1975 96,970 6.
a. Credit cards and related plans
(includes check credit and other
revolving credit plans) 2008 50 6.a.
b. Other (includes single payment,
installment, and all student Loans) 2011 96,920 6.b.
7. Loans to foreign governments and
official institutions (including foreign
central banks) 2081 0 2081 0 7.
8. Obligations (other than securities
and Leases) of states and political
subdivisions in the U.S. (includes
nonrated industrial development obligations) 2107 4,465 2107 4,465 8.
9 Other Loans 1563 11,876 9.
a. Loans for purchasing or carrying securities
(secured and unsecured) 1545 95 9.a.
b. All other loans (exclude consumer loans) 1564 11,781 9.b.
10. Lease financing receivables (net of
unearned income) 2165 0 10.
a. Of U.S. addressees (domicile) 2182 0
10.a.
b. Of non-U.S. addressees (domicile) 2183 0 10.b.
11. LESS: Any unearned income on Loans
reflected in items 1-9 above 2123 786 2123 786 11.
12. Total loans and leases, net of unearned
income (sum of items 1 through 10 minus
item 11) (total of column A must equal
schedule RC, item 4.a) 2122 1,966,808 2122 1,966,808 12.
16.
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
Schedule RC-C--Continued
Part 1. Continued
Memoranda
Call Date: 3/31/96 ST-BK: 09-1563 FFIEC 031
Page RC-7
Dollar Amounts in Thousands
(Column A) (Column B)
Consolidated Domestic
Bank Offices
RCON Bit Nit Thou RCON Bil Mil Thou
1. Commercial paper included in Schedule
RC-C, part 1, above 1496 0 1496 0 M.1.
2. Loans and leases restructured and in
compliance with modified terms
(included in Schedule RC-C, part 1,
above and not reported as past due or
nonaccrual in schedule RC-N, Memorandum item 1):
a. Loans secured by real estate:
(1) To U.S. addressees (domicile) 1687 0 M.2.a.(1)
(2) To non-U.S. addressees (domicile) 1689 0 M.2.a.(2)
b. All other loans and all lease financing
receivables (exclude Loans to individuals
for household, family, and other personal
expenditures) 8691 0 M.2.b.
c. Commercial and industrial loans to
and lease financing receivables
of non-U.S. addressees (domicile) included
in Memorandum item 2.b above 8692 0 M.2.c.
3. Maturity and repricing data for Loans and
Leases(l) (excluding those in nonaccrual status):
a. Fixed rate Loans and leases with a
remaining maturity of:
(1) Three months or Less 0348 24,648 M.3.a.(1)
(2) Over three months through 12 months 0349 51,801 M.3.a.(2)
(3) Over one year through five years 0356 307,644 M.3.a.(3)
(4) Over five years 0357 544,708 M.3.a.(4)
(5) Total fixed rate loans and Leases
(sum of Memorandum items 3.a.(l)
through 3.a.(4)) 0358 928,801 M.3.a.(5)
b. Floating rate Loans with a repricing
frequency of:
(1) quarterly or more frequently 4554 578,411 M.3.b.(1)
(2) annually or more frequently, but Less
frequently than quarterly 4555 409,216 M.3.b.(2)
(3) Every five years or more frequently,
but less frequently than annually 4561 17,032 M.3.b.(3)
(4) Less frequently than every five years 4564 6,519 M.3.b.(4)
(5) Total floating rate Loans (sum of
Memorandum items 3.b.(l) through 3.b.(4)) 4567 1,011,178 M.3.b.(5)
c. Total loans and leases (sum of
Memorandum items 3.a.(5) and 3.b.(5))
(must equal the sum of total Loans and
leases, net, from Schedule RC-C, part I,
item 12, plus unearned income from
Schedule RC-C, part 1, item 11, minus total
nonaccrual loans and leases from Schedule
RC-N, sum of items 1 through 8, column C) 1479 1,939,979 M.3.c.
d. Floating rate Loans with a remaining
maturity of one year or Less (included
in Memorandum items 3.b.(l) through 3.b.
(4) above) A246 275,277 M.3.d.
4. Loans to finance commercial real estate,
construction, and land development activities
(not secured by real estate) included in
Schedule RC-C, part 1, items 4 and 9,
column A, page RC-6(2) 2746 48,074 M.4.
5. Loans and leases held for sale (included
in Schedule RC-C, part 1, above) 5369 0 M.5.
6. adjustable rate closed-end loans secured
by first liens on 1-4 family residential
properties (included in schedule RC-C, RCON Bil Mil Thou
part 1, item l.c.(2)(a), column 8, page RC-6) 5370 462,486 M.6.
(1) Memorandum item 3 is not applicable to savings banks that must complete
Schedule RC-J.
(2) Exclude loans secured by real estate that are included in Schedule RC-C,
part 1, item 1, column A.
17
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
CALL Date: 3/31/96 ST-SK: 09-1563 FFIEC 031
Page RC-8
Schedule RC-D--Trading Assets and Liabilities
Schedule RC-D is to be completed only by banks with $1 billion or more in
total assets or with $2 billion or more in par/notional
amount of off-balance sheet derivative contracts (as reported in Schedule
RC-L, items 14.a through 14.e, columns A through D).
C420
Dollar Amounts in Thousand Bil Mil Thou
ASSETS
1. U.S. Treasury securities in domestic
offices RCON 3531 0 1.
2. U.S. Government agency and corporation
obligations in domestic offices (exclude
mortgage backed securities) RCON 3532 0 2.
3. Securities issued by states and political
subdivisions in the U.S. in domestic offices RCON 3533 0 3.
4. Mortgage-backed securities (MBS) in
domestic offices:
a. Pass-through securities issued or
guaranteed by FNMA, FHLMC, or GNMA RCON 3534 0 4.a.
b. Other mortgage-backed securities issued
or guaranteed by FNMA, FHLMC, or GNMA
(include CMOs, REMICS, and stripped MBS) RCON 3535 0 4.b.
c. All other mortgage-backed securities RCON 3536 0 4.c.
5. other debt securities in domestic offices RCON 3537 0 5.
6. Certificates of deposit in domestic offices RCON 3538 0 6.
7. Commercial paper in domestic offices RCON 3539 0 7.
8. Bankers acceptances in domestic offices RCON 3540 0 8.
9. Other trading assets in domestic offices RCON 3541 0 9.
10. Trading assets in foreign offices RCFN 3542 0 10.
11. Revaluation gains on interest rate,
foreign exchange rate, and other commodity and
equity contracts:
a. In domestic offices RCON 3543 0 11.a.
b. In foreign offices RCFN 3544 0 11.b.
12. Total trading assets (sum of items 1
through 11) (must equal Schedule RC, item 5) RCFD 3545 0 12.
LIABILITIES Bil Mil Thou
13. Liability for short positions RCFD 3546 0 13.
14. Revaluation losses on interest rate,
foreign exchange rate, and other commodity
and equity contracts RCFD 3547 0 14.
15. Total trading liabilities (sum of
items 13 and 14) (must equal schedule RC,
item 15.b) RCFD 3548 0 15.
18
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
Schedule RC-E--Deposit Liabilities
Part 1. Deposits in Domestic Offices
Call Date: 3/31/96 ST-SK: 09-1563
C425
Nontransaction
Transaction Accounts Accounts
(Column A) (Column B) (Column C)
Total transaction Memo: Total Total
Accounts (including demand deposits nontransaction
deposits) column A) (including MMDAs)
Dollar Amounts in Thou RCON Bil Mil Thou RCON Bil Mil Thou RCON Bil Mil
Thou
Deposits of:
1. individuals, partnerships, and
corporations 2201 550,405 2240 492,348 2346
1,443,990 1.
2. U.S. Government 2202 628 2280 628 2520
0 2.
3. States and political subdivisions
in the US 2203 24,658 2290 21,879 2530
13,461 3.
4. Commercial banks in the US 2206 3,846 2310 3,846 2550
0 4.
5. other depository institutions
in the US 2207 2,012 2312 2,012 2349
0 5.
6. Banks in foreign countries 2213 131 2320 131 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 14,240 2330 14,240
8.
9. Total (sum of items 1 through 8)
(sum of columns A and C must equal
schedule RC, item 13.a) 2215 595,920 2210 535,084 2385
1,457,451 9.
Memoranda
Dollar Amountsin Thousands RCON Bil Mil Thou
1. Selected components of total deposits
(i.e., sum of item 9. columns A and C
a. Total Individual Retirement Accounts
(IRAs) and Keogh Plan accounts): 6835 207,618 M.1.a.
b. Total brokered deposits 2365 0 M.1.b.
c. Fully insured brokered deposits (included
in Memorandum item l.b above):
(1) Issued in denominations of Less than
$100,000 2343 0 M.1.c.(1)
(2) Issued either in denominations of $100,000
or in denominations greater than $100,000 and
participated out by the broker in shares of
$100,000 or Less 2344 0 M.1.c.(2)
d. Maturity data for brokered deposits:
(1) Brokered deposits issued in denominations
of Less than S100,000 with a remaining maturity
of one year or less (included in Memorandum
item l.c.(l) above) A243 0 M.1.d.(1)
(2) Brokered deposits issued in denominations
of $100,000 or more with a remaining maturity
of one year or Less (included in Memorandum
item l.b above) A244 0 M.1.d.(2)
e. Preferred deposits (uninsured deposits of
states and political subdivisions in the U.S.
reported in item 3 above which are secured or
collateralized as required under state Law) 5590 31,591 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 513,270 M.2.a.(1)
(2) Other savings deposits (excludes MMDAS) 0352 341,605 M.2.a.(2)
b. Total time deposits of less than $100,000 6648 508,325 M.2.b.
c. Time certificates of deposit of
$100,000 or more 6645 94,251 M.2.c.
d. Open-account time deposits of
$100,000 or more 6646 0 M.2.d.
3. ALL NOW accounts (included in
column A above) 2398 60,836 M.3.
4. Not applicable
19
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
Schedule RC-E--Continued
Part 1. Continued
Memoranda (continued)
Call Date: 3/31/96 ST-BK: 09-1563 FFIEC 031
Page RC-10
Dollar Amounts in Thousand RCON Bil Mil Thou
5. Maturity and repricing data for time
deposits of less than S100,000 (sum
of Memorandum items 5.a.(l) through 5.b.
(3) must equal Memorandum item 2.b above):
(l)
a. Fixed rate time deposits of less than
$100,000 with a remaining maturity of:
(1) Three months or Less A225 160,219 M.5.a.(1)
(2) Over three months through 12 months A226 197,375 M.5.a.(2)
(3) Over one year A227 144,850 M.5.a.(3)
b. Floating rate time deposits of Less than
$100,000 with a repricing frequency of:
(1) Quarterly or more frequently A228 5,881 M.5.b.(1)
(2) Annually or more frequently, but Less
frequently than quarterly A229 0 M.5.b.(2)
(3) Less frequently than annually A230 0 M.5.B.(3)
c. Floating rate time deposits of Less
than $100,000 with a remaining maturity
of one year or less (included in Memorandum
items 5.b.(l) through 5.b.(3) above) A231 0 M.5.c.
6. Maturity and repricing data for time
deposits of $100,000 or more (i.e., time
certificates of deposit of $100,000 or more
and open-account time deposits of $100,000
or more) (sum of memorandum items 6.a.
(l) through 6.b.(4) must equal the sum of
Memorandum
items 2.c and 2.d above):(J)
a. Fixed rate time deposits of S100,000 or
more with a remaining maturity of:
(1) Three months or Less A232 45,977 M.6.a.(1)
(2) Over three months through 12 months A233 19,485 M.6.a.(2)
(3) Over one year through five years A234 25,966 M.6.a.(3)
(4) Over five years A235 2,823 M.6.a.(4)
b. floating rate time deposits of $100,000
or more with a repricing frequency of:
(1) Quarterly or more frequently A236 0 M.6.b.(1)
(2) annually or more frequently, but Less
frequently than quarterly A237 0 M.6.b.(2)
(3) Every five years or more frequently,
but Less frequently than annually A238 0 M.6.b.(3)
(4) Less frequently than every five years A239 0 M.6.b.(4)
c. Floating rate time deposits of $100,000
or more with a remaining maturity of
one year or less (included in Memorandum
items 6.b.(l) through 6.b.(4) above) A240 0 M.6.c.
(1) Memorandum items 5 and 6 are not applicable to savings
banks that must complete supplemental Schedule RC-J.
20
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: PO 3OX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
Call Date: 3/31/96 ST-BK: 09-1563
Schedule RC-E--Continued
Part II. Deposits in Foreign Offices (including Edge and
Agreement subsidiaries and IBFS)
Dollar Amounts in ThousandsRCFNBil Mil Thou
Deposits of:
1. Individuals, partnerships, and
corporations 2621 0 1.
2. U.S. banks (including IBFs and
foreign branches of U.S. banks) 2623 0 2.
3. Foreign banks (including U.S.
branches and agencies of foreign banks,
including their IBFS) 2625 0 3.
4. Foreign governments and official
institutions (including foreign central
banks) 2650 0 4.
5. Certified and official checks 2330 0 5.
6. All other deposits 2668 0 6.
7. total (sum of items 1 through 6) (must
equal schedule RC, item 13.b) 2200 0 7.
Memorandum
Dollar Amounts in Thousand RCFN Bil Mil Thou
1. Time deposits with a remaining maturity
of one year or less (included in Part 11, item
7 above) A245 0 M.1.
Schedule RC-F--Other Assets
C430
Dollar Amounts in Thousands Bil Mil Thou
1. Income earned, not collected on loans RCFD 2164 14,740 1.
2. Net deferred tax assets(l) RCFD 2148 8,179 2.
3. Excess residential mortgage servicing fees
receivable RCFD 5371 0 3.
4. Other (itemize and describe amounts that exceed
25% of this item) RCFD 2168 57,731 4.
a. TEXT 3549 Officer Life Insurance - CSV RCFD 3549 21,526 4.a.
b. TEXT 3550 Prepaid Pension Plan RCFD 3550 22,166 4.b.
c. TEXT 3551 RCFD 3551 4.c.
5. Total (sum of items 1 through 4) (must equate
Schedule RC, item 11) RCFD 2160 80,650 5.
C430
Dollar Amounts in Thousand Bil Mil Thou
Memorandum Dollar Amounts in Thousands Bil Mil Thou
1. Deferred tax assets disallowed for regulatory
capital purposes RCFD 5610 0 M.1.
Schedule RC-G--Other Liabilities
Dollar Amounts in Thousands Bil Mil Thou I
1. a. Interest accrued and unpaid on deposits
in domestic offices(2) RCON 3645 5,521 1.a.
b. Other expenses accrued and unpaid (includes
accrued income taxes payable) RCFD 3646 35,009 1.b.
2. Net deferred tax liabilities(l) RCFD 3049 0 2.
3. Minority interest in consolidated subsidiaries RCFD 3000 0 3.
4. Other (itemize and describe amounts that exceed
25% of this item) RCFD 2938 5,223 4.
a. TEXT 3552 Funds Management-Automated RCFD 3552 3,445 4.a.
b. TEXT 3553 RCFD 3553 4.b.
c. TEXT 3554 RCFD 3554 4.c.
5. Total (sum of items 1 through 4) (must
equal Schedule RC, item 20) RCFD 2930 45,753 5.
(1) SEE DISCUSSION OF DEFERRED income TAXES in GLOSSARY ENTRY on "income
taxes.'
(2) FOR SAVINGS BANKS, include "dividends" ACCRUED and UNPAID on deposits.
21
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
Call Date: 3/31/96 ST-BK: 09-1563
Schedule RC-H--Selected Balance Sheet Items for Domestic Offices
C440
Domestic Offices
Dollar Amounts in Thousands RCON Bil Mil Thou
1. Customers' liability to this bank on
acceptances outstanding 2155 7,307 1.
2. Bank's Liability on acceptances
executed and outstanding 2920 7,307 2.
3. federal funds sold and securities
purchased under agreements to resell 1350 154,000 3.
4. federal funds purchased and securities
sold under agreements to repurchase 2800 319,209 4.
5. Other borrowed money 3190 76 5.
EITHER
6. Net due from own foreign offices, Edge
and Agreement subsidiaries, and IBFs OR 2163 0 6.
7. Net due to own foreign offices, Edge and
Agreement subsidiaries, and IBFs 2941 N/A 7.
8. Total assets (excludes net due from
foreign offices, Edge and Agreement
subsidiaries, and IBFS) 2192 2,679,856 8.
9. Total liabilities (excludes net due to
foreign offices, Edge and Agreement
subsidiaries, and IBFS) 3129 2,425,716 9.
Items 10-17 include held-to-maturity and available-for-sale securities in
domestic offices.
RCON Bil Mil Thou
10. U.S. Treasury securities 1779 40,455 10.
11. U.S. Government agency and corporation
obligations (exclude mortgage-backed
securities) 1785 2,231 11.
12. Securities issued by states and political
subdivisions in the US 1786 521 12.
13. Mortgage-backed securities (MRS):
a. Pass-through securities:
(1) Issued or guaranteed by FNMA,
FHLMC, or GNMA 1787 7,602 13.a.(1)
(2) Other pass-through securities 1869 0 13.a.(2)
b. Other mortgage-backed securities (include
CMOs, REMICS, and stripped MBS):
(1) Issued or guaranteed by FNMA, FHLMC,
or GNMA 1877 30,936 13.b.(1)
(2) All other mortgage-backed securities 2253 594 13.b.(2)
14. Other domestic debt securities 3159 0 14.
15. Foreign debt securities 3160 247 15.
16. Equity securities:
a. Investments in mutual funds 3161 10 16.a.
b. Other equity securities with readily
determinable fair values 3162 0 16.b.
c. All other equity securities 3169 0 16.c.
17. total held-to-maturity and available-for-sale
securities (sum of items 10 through 16) 3170 82,596 17.
Memorandum (to be completed only by banks with IBFs and other "foreign"
offices)
Dollar Amounts in Thousands RCON Bil Mil Thou
EITHER
1. Net due from the IBF of the domestic
offices of the reporting bank............3051 N/A M.1.
OR
2. Net due to the ISF of the domestic
offices of the reporting bank 3059 N/A M.2.
22
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
Schedule RC-I--Selected Assets and Liabilities of IBFS
To be completed only by banks with IBFs and other "foreign" offices.
CALL Date: 3/31/96 ST-BK: 09-1563
Dollar Amounts in Thousand RCFN Bil Mil Thou
1. Total ISF assets of the consolidated
bank (component of Schedule RC, item 12) 2133 N/A 1.
2. Total ISF Loans and lease financing
receivables (component of schedule RC-C,
part 1, item 12, column A) 2076 N/A 2.
3. IBF commercial and industrial loans
(component of schedule RC-C, part 1, item 4,
column A) 2077 N/A 3.
4. Total IBF liabilities (component of
Schedule RC, item 21) 2898 N/A 4.
5. IBF deposit liabilities due to banks,
including other IBFs (component of Schedule
RC-E, part 11, items 2 and 3) 2379 N/A 5.
6. Other IBF deposit liabilities (component
of Schedule RC-E, part II, items 1, 4, 5,
and 6) 2381 N/A 6.
Schedule RC-K--Quarterly Averages(l)
C455
Dollar Amounts in Thousand Bil Mil Thou
ASSETS
1. Interest-bearing balances due from
depository institutions RCFD 3381 32,508 1.
2. U.S. Treasury securities and U.S.
Government agency and corporation obligations(2) RCFD 3382 228,044 2.
3. Securities issued by states and political
subdivisions in the U.S.(2) RCFD 3383 521 3.
4. a. Other debt securities(2) RCFD 3647 14,831 4.a.
b. Equity securities(3) (includes investments
in mutual funds and Federal Reserve stock) . RCFD 3648 10 4.b.
5. Federal funds sold and securities purchased
under agreements to resell in domestic offices
of the bank and of its Edge and Agreement
subsidiaries, and in IBFs RCFD 3365 247,566 5.
6. Loans:
a. Loans in domestic offices:
(1) Total loans RCON 3360 1,906,670 6.a.(1)
(2) Loans secured by real estate RCON 3385 1,363,876 6.c.(2)
(3) Loans to finance agricultural production
and other loans to farmers RCON 3386 130 6.a.(3)
(4) Commercial and industrial Loans RCON 3387 428,777 6.a.(4)
(5) Loans to individuals for household,
family, and other personal expenditures RCON 3388 114,017 6.a.(5)
b. Total loans in foreign offices, Edge and
Agreement subsidiaries, and IBFs RCON 3360 0 6.b.
7. Trading assets RCFD 3401 0 7.
8. Lease financing receivables (net of unearned
income) RCFD 3484 0 8.
9. total assets(4) RCFD 3386 2,693,316 9.
LIABILITIES
10. Interest-bearing transaction accounts in
domestic offices (NOW accounts, ATS accounts,
and telephone and preauthorized transfer
accounts) (exclude demand deposits) RCON 3485 137,426 10.
11. Nontransaction accounts in domestic
offices:
a. Money market deposit accounts (MMDAS) RCON 3486 423,512 11.a.
b. Other savings deposits RCON 3487 353,387 11.b.
c. Time certificates of deposit of $100,000
or more RCON 3345 90,663 11.c.
d. All other time deposits RCON 3469 563,912 11.d
12. Interest-bearing deposits in foreign
offices, Edge and Agreement subsidiaries,
and IBFs RCFN 3404 0 12.
13. Federal funds purchased and securities
sold under agreements to repurchase in domestic
offices of the bank and of its Edge and Agreement
subsidiaries, and in IBFs RCFD 3553 309,685 13.
14. Other borrowed money RCFD 3355 22 14.
(1) For all items, banks have the option of reporting either (1) an average
of daily figures for the quarter, or
(2) An average of weekly figures (i.e., the Wednesday of each week of the
quarter).
(2) Quarterly averages for all debt securities should be based on amortized
cost.
(3) Quarterly averages for all equity securities should be based on historical
cost.
(4) The quarterly average for total assets should reflect all debt
securities (not held for trading) at amortized cost, equity securities
with readily determinable fair values at the Lower of cost or fair value,
and equity securities without readily determinable fair values at
historical cost.
23
LEGAL TITLE OF BANK: FIRST UNION BANK OF CONNECTICUT
ADDRESS: PO BOX 700
CITY, STATE Zip: STAMFORD, CT 06904
FDIC CERTIFICATE NO.: 09230
CALL DATE: 3/31/96 ST-BK: 09-1563
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.
Dollar Amounts in Thousands RCFD Bil Mil Thou
1. Unused commitments:
a. revolving, open-end lines secured
by 1-4 family residential properties, e.g.
, home equity Lines 3814 162,550 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 5,049 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 161,018 1.e.
2. financial standby letters of credit and
foreign office guarantees 3819 32,572 2.
a. Amount of financial standby letters of
credit conveyed to others RCFD 3820 0 2.a.
3. Performance standby letters of credit and
foreign office guarantees 3821 1,663 3.
a. Amount of performance standby letters of
credit conveyed to others RCFD 3822 0 3.a.
4. Commercial and similar letters of credit 3411 3,412 4.
5. Participators in acceptances (
as described in the instructions)
conveyed to others by the reporting bank 3428 0 5.
6. Participation 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. Loans transferred (i.e., sold or swapped)
with recourse that have been treated as sold
for Call Report purposes:
a. FNMA and FHLMC residential mortgage
loan pools:
(1) Outstanding principal balance of
mortgages transferred as of the report date 3650 0 9.a.(1)
(2) Amount of recourse exposure on these
mortgages as of the report date 3651 0 9.a.(2)
b. Private (nongovernment-issued or
- -guaranteed) residential mortgage Loan
pools:
(1) Outstanding principal balance of
mortgages transferred as of the report date 3652 0 9.b.(1)
(2) Amount of recourse exposure on these
mortgages as of the report date 3653 0 9.b.(2)
c. Farmer Mac agricultural mortgage loan
pools:
(1) outstanding principal balance of
mortgages transferred as of the report date 3654 0 9.c.(1)
(2) Amount of recourse exposure on these
mortgages as of the report date 3655 0 9.c.(2)
d. Small business obligations transferred
with recourse under Section 208 of the
Riegle Community Development and Regulatory
Improvement Act of 1994:
(1) Outstanding principal balance of small
business obligations transferred as of the
report date A249 0 9.d.(1)
(2) Amount of retained recourse on these
obligations as of the report date A250 0 9.d.(2)
10. When-issued securities:
a. Gross commitments to purchase 3434 0 10.a.
b. Gross commitments to sell 3435 0 10.b.
11. Spot foreign exchange contracts 8765 0 11.
12. All other off-balance sheet
liabilities (exclude off-balance sheet
derivatives) (itemize and describe each
component of this item over 25% of
Schedule RC, item 28, "total equity capital") 3430 0 12.
a TEXT 3555 RCFD 3555 12.a.
b.TEXT 3556 RCFD 3556 12.b.
c TEXT 3557 RCFD 3557 12.c.
d TEXT 3558 RCFD 3558 12.d.
24
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
Schedule RC-L--Continued
CALL Date: 3/31/96 ST-BK: 09-1563
Dollar Amounts in Thousands RCFD Bil Mil Thou
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 5592 RCFD 5592 13.a.
TEXT 5593 RCFD 5593 13.b.
TEXT 5594 RCFD 5594 13.c.
TEXT 5595 RCFD 5595 13.d.
C461
(Column A) (Column B) (Column C) (Column D)
Dollar Amounts in Thous Interest Foreign Equity Commodity
Rate Exchange Derivative and Other
Contracts Contracts Contracts Contracts
Off-balance Sheet
Derivatives Position
Indicators Tril Bil Tril Bil Tril Bil Tril Bil
Mil Thou Mil Thou Mil Thou Mil Thou
14. Gross amounts
(e.g., notional amounts)
(for each column, sum
of item 14.a through
14.e must equal sum of
item 15, 16.a, aM 16.b):
a. Futures contracts 0 0 0 0
14.a.
RCFD 8693 RCFD 8694 RCFD 8695 RCFD
8696
b. Forward contracts 3,181 0 0 0
14.b.
RCFD 8697 RCFD 8698 RCFD 8699 RCFD 8700
c. Exchange-traded
option contracts:
(1) Written options 0 0 0
014.c.(1)
RCFD 8701 RCFD 8702 RCFD 8703 RCFD
8704
(2) Purchased options 0 0 0
014.c.(2)
RCFD 8705 RCFD 8706 RCFD 8707 RCFD
8708
d. Over-the-counter option contracts:
(1) Written options 0 0 0
014.d.(1)
RCFD 8709 RCFD 8710 RCFD 8711 RCFD
8712
(2) Purchased options 8,214 0 0 0
14.d.(2) .
RCFD 8713 RCFD 8714 RCFD 8715 RCFD
8716
e. Swaps 67,057 0 0 0
14.e.
RCFD 3450 RCFD 3826 RCFD 8719 RCFD 8720
15. Total gross notional
amount of derivative
contracts held for trading 0 0 0 0 15.
RCFD A126 RCFD A127 RCFD 8723 RCFD
8724 16.
Total gross notional
amount of derivative
contracts held for purposes
other than trading:
a. Contracts market to market 0 0 0 0
16.a.
RCFD 8725 RCFD 8726 RCFD 8727 RCFD
8728
b. Contracts not marked
to market 78,452 0 0
0 16.b.
RCFD 8729 RCFD 8730 RCFD 8731 RCFD
8732
25
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
SCHEDULE RC-L--Continued
CALL Date: 3/31/96 ST-BK: 09-1563
(Column A) (Column B) (Column C) (Column D)
Dollar Amounts in Thousands Interest Foreign Equity Commodity and
Rate Exchange Derivative Other
Contracts Contracts Contracts Contracts
17. Gross fair values of
derivative contracts:
a. Contracts held for
trading:
(1) Gross positive
fair value 8733 0 8734 0 8735 0 8736 0 17.a.(1)
(2) Gross negative
fair value 8737 0 8738 0 8739 0 8740 0 17.a.(2)
b.Contracts held for purposes other than trading that are marked to market:
(1) Gross positive
fair value 8741 0 8742 0 8743 0 8744 0 17.b.(1)
(2) Gross negative
fair value 8745 0 8746 0 8747 0 8748 0 17.b.(2)
c.Contracts held for purposes other than trading that are not marked to
market:
(1) Gross positive
fair value 8749 1,732 8750 0 8751 0 8752 0 17.c.(1)
(2) Gross negative
fair value 8753 62 8754 0 8755 0 8756
0 17.c.(2)
MEMORANDA Dollar Amounts in Thousands RCFD Bil Mil Thou
1.-2. Not applicable
3. Unused commitments with an original
maturity exceeding one year that are
reported in Schedule RC-L, items l.a
through l.e, above (report only the unused
portions of commitments that are fee paid
or otherwise legally binding) 3833 144,805 M.3.
a. Participation in commitments with an
original maturity exceeding one year
conveyed to others RCFD 3834 0 M.3.a.
4. To be completed only by banks with
$1 billion or more in total assets:
Standby letters of credit and foreign
office guarantees (both financial and
performance) issued to non-U.S. addressees
(domicile) included in schedule RC-L,
items 2 and 3, above 3377 139 M.4.
5. Installment loans to individuals for
household, family, and other personal
expenditures that have been securitized
and sold without recourse (with servicing
retained), amounts outstanding by type
of loan:
a. Loans to purchase private passenger
automobiles (to be completed for the
September report only) 2741 N/A M.5.a.
b. Credit cards and related plans
(TO BE COMPLETED QUARTERLY) 2742 0 M.5.b.
c. All other consumer installment credit
(including mobile home loans)(to be
completed for the September report only) 2743 N/A M.5.c.
26
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
Schedule RC-14--Memoranda
Call Date: 3/31/96 ST-BK: 09-1563 FFIEC 031
Page RC-17
C465
Dollar Amounts in Thousands RCFD Bil Mil Thou
1. Extensions of credit by the reporting
bank to its executive officers, directors,
principal shareholders, and their related
interests as of the report date:
a. Aggregate amount of all extensions of
credit to all executive officers, directors,
principal shareholders, and their related
interests 6164 15 1.a.
b. Number of executive officers, directors,
and principal shareholders to whom the
amount of all extensions of credit by the
reporting bank (including extensions of credit
to
related interests) equals or exceeds the lesser
of $500,000 or 5 percent Number
of total capital as defined for this purpose
in agency regulations. RCFD 6165 0 1.b.
2. federal funds sold and securities
purchased under agreements to resell
with U.S. branches and agencies of
foreign banks(l) (included in schedule RC,
items 3.a and 3.b) 3405 0 2.
3. Not applicable.
4. Outstanding principal balance of
1-4 family residential mortgage Loans
serviced for others (include both
retained servicing and purchased servicing):
a. Mortgages serviced under a GNMA contract 5500 0 4.a.
b. Mortgages serviced under a FHLMC contract:
(1) Serviced with recourse to servicer 5501 0 4.b.(1)
(2) Serviced without recourse to servicer 5502 48,228 4.b.(2)
c. Mortgages serviced under a FNMA contract:
(1) Serviced under a regular option contract 5503 13,351 4.c.(1)
(2) Serviced under a special option contract 5504 0 4.c.(2)
d. Mortgages serviced under other servicing
contracts 5505 0 4.d.
5. To be completed only by banks with $1
billion or more in total assets:
Customers, liability to this bank on
acceptances outstanding (sum of items
5.a and 5.b must equal Schedule RC, item 9):
a. U.S. addressees (domicile) 2103 7,307 5.a.
b. Non-U.S. addressees (domicile) 2104 0 5.b.
6. intangible assets:
a. Mortgage servicing rights 3164 550 6.a.
b. Other identifiable intangible assets:
(1) Purchased credit card relationships 5506 0 6.b.(1)
(2) All other identifiable intangible
assets 5507 0 6.b.(2)
c. Goodwill 3163 37,601 6.c.
d. Total (sum of items 6.a through 6.c)
(must equal schedule RC, item 10) 2143 38,151 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.
27
LEGAL TITLE OF BANK: FIRST UNION BANK OF CONNECTICUT
ADDRESS: PO BOX 700
CITY, STATE Zip: STAMFORD, CT 06904
FDIC Certificate NO.: 09230
Call Date: 3/31/96 ST-BK: 09-1563 FFIEC 031
Page RC-17
Schedule RC-M--Continued
Dollar Amounts in Thousand Bil Mil Thou
8. a. Other real estate owned:
(1) Direct and indirect investments
in real estate ventures RCFD 5372 0 8.a.(1)
(2) All other real estate owned:
(a) Construction and land development
in domestic offices RCON 5508 0 8.a.(2)(a)
(b) Farmland in domestic offices RCON 5509 0 8.a.(2)(b)
(c) 1-4 family residential properties
in domestic offices RCON 5510 2,257 8.a.(2)(c)
(d) multifamily (5 or more) residential
properties in domestic offices RCON 5511 129 8.a.(2)(d)
(e) Nonfarm nonresidential properties
in domestic offices RCON 5512 2,670 8.a.(2)(e)
(f) In foreign offices RCON 5513 0 8.a.(2)(f)
(3) Total (sum of items 8.a.(l) and 8.a.
(2)) (must equal schedule RC, item 7) RCFD 2150 5,056 8.a.(3)
b. Investments in unconsolidated
subsidiaries and associated companies:
(1) Direct and indirect investments in
real estate ventures RCFD 5374 0 8.b.(1)
(2) All other investments in
unconsolidated subsidiaries and
associated companies RCFD 5375 86 8.b.(2)
(3) Total (sum of items 8.b.(l) and
8.b.(2)) (must equal schedule RC, item 8) RCFD 2130 86 8.b.(3)
c. total assets of unconsolidated
subsidiaries and associated companies RCFD 5376 86 8.c.
9. Noncumulative perpetual preferred
stock and related surplus included in
Schedule RC, item 23, "Perpetuate
preferred stock and related surplus" RCFD 3778 0 9.
10. Mutual fund and annuity sales in
domestic offices during the quarter
(include proprietary, private table,
and third party products):
a. Money market funds RCON 6441 30,520 10.a.
b. Equity securities funds RCON 8427 2,258 10.b.
c. Debt securities funds RCON 8428 1,913 10.c.
d. Other mutual funds RCON 8429 304 10.d.
e. Annuities RCON 8430 0 10.e.
f. Sales of proprietary mutual funds
and annuities (included in items 10.a
through 10.e above) RCON 8784 34,292 10.f
Memorandum Dollar Amounts in Thousands RCFD Bil Mil Thou
1. Interbank holdings of capital instruments (to be completed for the
December report only):
a. reciprocal holdings of banking
organizations, capital instruments.... 3836 N/A M.1.a.
b. Nonreciprocate holdings of banking
organizations, capital instruments...... 3837 N/A M.1.b.
28
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
Schedule RC-N--Past Due and Nonaccrual Loans, Leases,
and Other Assets
Call Date: 3/31/96 ST-BK: 09-1563 FFIEC 031
Page RC-19
The FFIEC regards the information reported in
all of memorandum item 1, in items 1 through 10,
column A, and in Memorandum items 2 through 4,
column A, as confidential.
C470
(Column A) (Column B) (Column C)
Past due Past due 90 Nonaccrual
30 through 89 days or more
days and still and still
accruing accruing
Dollar Amounts in Thous. RCFD Bil RCFD Bil RCFD Bil
Mil Thou Mil Thou Mil Thou
1. Loans secured by real
estate:
a. To U.S. addressees
domicile) 1245 27,692 1246 10,912 1247 17,596
1.a.
b. To non-U.S. addressees
(domicile) 1248 0 1249 0 1250 0 1.b.
2. Loans to depository
institutions and acceptances
of other banks:
a. To U.S. banks and other
U.S. depository
institutions 5377 0 5378 0 5379 0 2.a.
b. To foreign banks 5380 0 5381 0 5382 0 2.b.
3.Loans to finance
agricultural production
and other loans to
farmers 1594 0 1597 0 1583 0 3.
4. Commercial and industrial Loans:
a. To U.S. addressees
(domicile) 1251 4,828 1252 382 1253 10,019 4.a.
b. To non-U.S. addressees
(domicile) 1254 0 1255 0 1256 0 4.b.
5.Loans to individuals
for household, family,
and other personal
expenditures:
a. Credit cards and
related plans 5383 0 5384 0 5385 0 5.a.
b. Other (includes single
payment, installment,
and all student loans) 5386 4,254 5387 1,662 5388 0 5.b.
6. Loans to foreign
governments and official
institutions 5389 0 5390 0 5391 0 6.
7. All other Loans 5459 0 5460 0 5461 0 7.
8. Lease financing
receivables:
a. Of U.S. addressees
(domicile) 1257 0 1258 0 1259 0 8.a.
b. Of non-U.S. addressees
(domicile) 1271 0 1272 0 1791 0 8.b.
9. Debt securities and
other assets (exclude
other real estate owned
and other repossessed
assets) 3505 0 3506 0 3507 0
9.
Amounts reported in items 1 through 8 above include guaranteed and
unguaranteed portions of past due and nonaccrual loans and leases.
Report in item 10 below certain guaranteed loans and leases that have
already been included in the amounts reported in items 1 through 8.
RCFD Bil RCFD Bil RCFD Bil
Mil Thou Mil Thou Mil Thou
10. Loans and leases
reported in items 1
through 8 above which
are wholly or
partially guaranteed
by the U.S. Government 5612 1,753 5613 1,438 5614 0 10.
a. Guaranteed portion
of loans and leases
included in item 10
above 5615 1,753 5616 1,438 5617 0 10.a.
29
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: PO Box 700
City, State Zip: Stamford, CT 06904
FDIC Certificate No.: 09230
CALL Date: 3/31/96 ST-BK: 09-1563 FFIEC 031
Page RC-20
Schedule RC-N-Continued
C473
(Column A) (Column B) (Column C)
Past due Past due 90 nonaccrual
30 through 89 days or more
days and still and still
Memoranda accruing
Dollar Amounts in Thous. RCFD Bil RCFD Bil RCFD Bil
Mil Thou Mil Thou Mil Thou
1. Restructured loans and
Leases included in Schedule
RC-N, items 1 through 8, above
(and not reported in schedule
RC-C, part I, Memorandum
item 2) 1658 0 1659 0 1661 0 M.1.
2. Loans to finance commercial
real estate, construction, and
land development activities
(not secured by real estate)
included in Schedule RC-N,
items 4 and 7, above 6558 83 6559 20 6560 0 M.2.
3. Loans secured by real estate
in domestic offices RCON Bil RCON Bil RCON Bil
Mil Thou Mil Thou Mil Thou
(included in Schedule RC-N,
item 1, above):
a. Construction and land
development 2759 0 2769 0 3492 816 M.3.a.
b. Secured by farmland 3493 0 3494 0 3495 0 M.3.b.
c. Secured by 1-4 family
residential properties:
(1) revolving, open-end
Loans secured by 1-4 family
residential properties and
extended under lines of
credit 5398 3,992 5399 2,395 5400 332 M.3.c.(1)
(2) All other loans secured
by 1-4 family residential
properties 5401 1,434 5402 8,295 5403 1,893 M.3.C.(2)
d. Secured by multifamily
(5 or more) residential
properties 3499 2,104 3500 0 3501 0 M.3.d.
e. Secured by nonfarm
nonresidential properties 3502 20,162 3503 222 3504 14,555 M.3.e.
(Column A) (Column B)
Past due 30 Past due 90
through 89 days days or more
RCFD Bil RCFD Bil
Mil Thou Mil Thou
4. Interest rate, foreign
exchange rate, and other
commodity and equity contracts:
a. Book value of amounts
carried as assets 3522 0 3528 0 M.4.a.
b. Replacement cost of
contracts with a
positive replacement cost 3529 0 3530 O M.4.b.
30
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
Call Date: 3/31/96 ST-BK: 09-1563
Schedule RC-0--Other Data for Deposit Insurance Assessments
C475
Dollar Amounts in Thousands RCON Bil Mil Thou
1. Unposted debits (see instructions):
a. actual amount of all unposted debits 0030 N/A 1.a.
OR
b. Separate amount of unposted debits:
(1) actual amount of unposted debits to
demand deposits 0031 0 1.b.(1)
(2) actual amount of unposted debits to
time and savings deposits(l) 0032 0 1.b.(2)
2. Unposted credits (see instructions):
a. Actual amount of all unposted credits 3510 3,845 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(l) 3514 N/A 2.b.(2)
3. Uninvested trust funds (cash) held in
bank's own trust department (not included
in total deposits in domestic offices) 3520 0 3.
4. Deposits of consolidated subsidiaries
in domestic offices and in insured branches
in Puerto Rico and U.S. territories and
possessions (not included in total deposits):
a. Demand deposits of consolidated
subsidiaries 2211 0 4.a.
b. Time and savings deposits(l) of
consolidated subsidiaries 2351 0 4.b.
c. Interest accrued and unpaid on deposits
of consolidated subsidiaries 5514 0 4.c.
5. Deposits in insured branches in Puerto
Rico and U.S. territories and possessions:
a. Demand deposits in insured branches
(included in Schedule RC-E, Part II) 2229 0 5.a.
b. Time and savings deposits(l) in
insured branches (included in Schedule
RC-E, Part II) 2383 0 5.b.
c. Interest accrued and unpaid on deposits
in insured branches (included in Schedule
RC-G. item l.b) 5515 0 5.c.
Item 6 is not applicable to state
nonmember banks that have not been
authorized by the
Federal Reserve to act as pass-through
correspondents.
6. Reserve balances actually passed
through to the federal Reserve by the
reporting bank on behalf of its respondent
depository institutions that are also
reflected as deposit liabilities
of the reporting bank:
a. Amount reflected in demand deposits
(included in schedule RC-E, item 4 or 5,
column B) 2314 0 6.a.
b. Amount reflected in time and
savings deposits(l) (included in
Schedule RC-E, item 4 or 5, column A
or C, but not column B) 2315 0 6.b.
7. Unamortized premiums and discounts
on time and savings deposits:(l)
a. Unamortized premiums 5516 0 7.a.
b. Unamortized discounts 5517 0 7.b.
8. To be completed by banks with
"Oakar deposits."
Total --Adjusted Attributable
Deposits" of All institutions
acquired under Section 5(d)(3)
of the Federal Deposit Insurance
Act (from most recent FDIC Oakar
Transaction Worksheet(s) 5518 206,288 8.
9. Deposits in LifeLine accounts............. 5596 9.
10.Benefit-responsive "Depository
Institution Investment Contracts"
(included in total deposits in
domestic offices) 8432 0 10.
(1) For FDIC insurance assessment purposes, "time and savings deposits"
consists of nontransaction accounts and all transaction accounts other than
demand deposits.
31
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
CALL Date: 3/31/96 ST-BK: 09-1563 FFIEC 031
Page RC-22
Schedule RC-0--Continued
Dollar Amounts in Thousands RCONBil Mil Thou
11. Adjustments to demand deposits in
domestic offices reported in schedule
RC-E for certain reciprocal demand balances:
a. Amount by which demand deposits would
be reduced if reciprocal demand balances
between the reporting bank and savings
associations were reported on a net basis
rather than a gross basis in Schedule RC-E 8785 0 11.a.
b. Amount by which demand deposits would
be increased if reciprocal demand balances
between the reporting bank and U.S. branches
and agencies of foreign banks were reported
on a gross basis rather than a net basis
in schedule RC-E A181 0 11.b.
c. Amount by which demand deposits would be
reduced if cash items in process of collection
were included in the calculation of net
reciprocal demand balances between the
reporting bank and the domestic offices of
U.S. banks and savings associations in
Schedule RC-E A182 0 11.c.
Memoranda (to be completed each quarter except as noted)
Dollar Amounts in Thousands RCONBil Mil Thou
1. Total deposits in domestic offices of the bank (sum of Memorandum items
1.a.(1) and 1.b.(1) must equal Schedule RC, item 13.a):
a. Deposit accounts of $100,000 or less:
(1) Amount of deposit accounts of
$100,000 or less 2702 1,528,422 M.1.a.(1)
(2) Number of deposit accounts of
$100,000 or less (to be completed Number
for the June report only) RCON 3779 N/A M.1.a.(2)
b. Deposit accounts of more than
$100,000
(1) Amount of deposit accounts of more
than $100,000 2710 524,949 M.1.b.(1)
(2) Number of deposit accounts of Number
more than $100,000 RCON 2722 2,261 M.1.b.(2)
2. Estimated amount of uninsured deposits in domestic offices of the bank:
a. An estimate of your bank's uninsured deposits can be determined by
multiplying the number of deposit accounts of more than $100,000 reported in
Memorandum item 1.b.(2) above by $100,000 and subtracting the result from the
amount of deposit accounts of more than $100,000 reported in Memorandum item
1.b.(1) above.
Indicate in the appropriate box
at the right whether your bank has a
method or procedure for determining a
better estimate of uninsured deposits YES NO
than the estimate described above 6861 X M.2.a.
b. If the box marked YES has been checked,
report the estimate of uninsured deposits
determined by using your bank's method or RCON Bil Mil Thou
procedure 5597 N/A M.2.b.
Person to whom questions about the Reports of Condition and Income should be
directed: C477
THOMAS J. MEYER, VICE PRESIDENT
Name and Title (TEXT 8901)
(201 565-3401
Area code/phone number/extension (TEXT 8902)
32
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
Call Date: 3/31/96 ST-SK: 09-1563 FFIEC 031
Page RC-23
Schedule RC-R--Regulatory Capital
This schedule must be completed by all banks as follows: Banks that
reported total assets of $1 billion or more in Schedule RC, item 12,
for June 30, 1995, must complete items 2 through 9 and Memoranda
items 1 and 2. Banks with assets of Less than $1 billion must complete
items 1 through 3 below or Schedule RC-R in its entirety, depending
on their response to item 1 below.
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 C480
whether the bank has total capital greater thank or equal YES NO
to eight percent of adjusted total assets RCFD6056 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.
Items 2 and 3 are to be completed by all banks.
Dollar Amounts in Thousand
(Column A) (Column B)
Suborinated Debit(1) Other
and Intermediate Limited-Life
Term Preferred Stock Capital
Instruments
RCFD BiI Mil Thou RCFD Bil Mil Thou
2. Subordinated debt(l) and other limited-life capital instruments (original
weighted average maturity of at least five years) with a remaining maturity
of:
a. One year or Less 3780 0 3786 0 2.a.
b. Over one year through
two years 3781 0 3787 0 2.b.
c. Over two years through
three years 3782 0 3788 0 2.c.
d. Over three years through
four years 3783 0 3789 0 2.d.
e. Over four years through
five years 3784 0 3790 0 2.e.
f. Over five years 3785 0 3791 0 2.f.
3. Amounts used in calculating regulatory capital ratios (report amounts
determined by the bank for its own internal regulatory capital analyses):
RCFD Bil Mil Thou
a. Tier 1 capital 8274 216,604 3.a.
b. Tier 2 capital 8275 23,088 3.b.
c. Total risk-based capital 3792 239,692 3.c.
d. Excess allowance for loan and lease losses A222 28,259 3.d.
e. Risk-weighted assets A223 1,819,341 3.e.
f. "Average total assets" A224 2,648,212 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.
(Column A) (Column B)
Assets Credit Equiv-
Recorded agent Amount
on the of Off-Balance
Balance Sheet Sheet Items (2)
RCFD BiI Mil Thou RCFD Bil Mil Thou
4. Assets and credit equivalent amounts of off-balance sheet items
assigned to the Zero percent risk category:
a. Assets recorded on the balance sheet:
(1) Securities issued by, other
claims on, and claims
unconditionally guaranteed by,
the U.S. Government and its
agencies and other OECD central
governments 3794 196,089 4.a.(1)
(2) All other 3795 122,556 4.a.(2)
b. Credit equivalent amount of off-balance sheet items
3796 4.b.
(1) Exclude mandatory convertible debt reported in ScHedule RC-M, item 7.
(2) Do not report in column 8 the risk-weighted amount of assets reported
in column A.
33
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
Call Date: 3/31/96 ST-BK: 09-1563 FFIEC 031
Page RC-24
Schedule RC-R--Continued
Dollar Amounts in Thousand
(Column A) (Column B)
Assets Credit Equiv-
Recorded agent Amount
on the of Off-Balance
Balance Sheet Sheet Items (1)
RCFD Bil Mil Thou RCFD Bil Mil Thou
5. Assets and credit equivalent
amounts of off-balance sheet items
assigned to the 20 percent risk
category:
a. Assets recorded on the bal-
ance sheet:
(1) Claims conditionally guaranteed by
the U.S. Government and its agencies
and other OECD central governments
3798 42,311 5.a.(1)
(2) Claims collateratized by securities
issued by the U.S. Government and its
agencies and other OECM central
governments; by securities issued
by U.S. Government-sponsored agencies;
and by cash on deposit
3799 0 5.a.(2)
(3) All other 3800 286,865 5.a.(3)
b. Credit equivalent amount
of off-balance sheet items 3801 2,349 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 735,331 6.a.
b. Credit equivalent amount
of off-balance sheet items 3803 2,349 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 1,348,236 7.a.
b. Credit equivalent amount
of off-balance sheet items 3805 106,488 7.b.
8. On-balance sheet asset
values excluded from the
calculation of the risk-
based capital ratio(2) 3806 (185) 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 2,731,203 9.
Memoranda
Dollar Amounts in Thousands RCFD Bil Mil Thou
1. Current credit exposure across all off-balance sheet
derivative contracts covered by the risk-based capital
standards 8764 1,670 M.1.
With a remaining maturity of
(Column A) (Column B) (COLUMN C)
One year or Less Over one year Over five years
through five years
RCFD Tril Bil Mil Thou RCFD Tril Bil Mil Thou RCFD Tril Bil Mil Thou
2. Notional principal amounts of
off-balance sheet derivative contracts(3):
a. Interest rate contracts
3809 1,000 8766 48,257 8767 29,195 M.2.a.
b. Foreign exchange contracts
3812 0 8769 0 8770 0 M.2.b.
c. Gold contracts
8771 0 8772 0 8773 0 M.2.c.
d. Other precious metals contracts
8774 0 8775 0 8776 0 M.2.d.
e. Other commodity contracts
8777 0 8778 0 8779 0 M.2.e.
f. Equity derivative contracts
A0000 0 A001 0 A002 0 M.2.f.
(1) Do not report in column B the risk-weighted amount of assets reported in
column A.
(2) Include the difference between the fair value and the amortized cost of
available-for-sale securities in item 8 and report the amortized cost of these
securities in items 4 through 7 above. Item 8 also includes on-balance sheet
asset values (or portions thereof) of off-balance sheet interest rate, foreign
exchange rate, and commodity contracts and those contracts (e.g., futures
contracts) not subject to risk-based capital. Exclude from item 8 margin
accounts and accrued receivables as well as any portion of the allowance for
loan and lease losses in excess of the amount that may be included in Tier 2
capital.
(3) Exclude foreign exchange contracts with an original maturity of 14 days
or less and all futures contracts.
34
Legal Title of Bank: FIRST UNION BANK OF CONNECTICUT CALL
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 09230
Call Date: 3/31/96 ST-BK: 09-1563 FFIEC 031
Page RC-25
Optional Narrative Statement Concerning the Amounts
Reported in the Reports of Condition and Income
at close of business on March 31, 1996
FIRST UNION BANK OF CONNECTICUT STAMFORD CONNECTICUT
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 preceding paragraph) by the management of the bank (except for the
truncation of statements exceeding the 750-character limit described
above). THE STATEMENT WILL NOT BE EDITED OR SCREENED IN ANY WAY BY THE
SUPERVISORY AGENCIES FOR ACCURACY OR RELEVANCE. DISCLOSURE OF THE
STATEMENT SHALL NOT SIGNIFY THAT ANY FEDERAL SUPERVISORY AGENCY HAS
VERIFIED OR CONFIRMED THE ACCURACY OF THE INFORMATION CONTAINED THEREIN. A
STATEMENT TO THIS EFFECT WILL APPEAR ON ANY PUBLIC RELEASE OF THE
OPTIONAL STATEMENT SUBMITTED By THE MANAGEMENT OF THE REPORTING BANK.
No comment x (RCON 6979) C471 I C472
BANK MANAGEMENT STATEMENT (please type of print clearly):
(TEXT 6980)
/s/ Anthony R. Burriesci
Signature of Executive officer of Bank Date of Signature
35
Legal title of Bank:FIRST UNION BANK OF CONNECTICUT
Address: PO BOX 700
City, State Zip: STAMFORD, CT 06904
FDIC Certificate No.: 3 0
Call Date: 3/31/96 ST-Bk: 09-1563
THIS PAGE IS TO BE COMPLETED BY ALL BANKS
- ----------------------------------------------------------------------
NAME AND ADDRESS OF BANK OMB No. For OCC: 1557-0081
OMB No. For FDIC: 3064-0052
OMS No. For Federal Reserve: 7100-0036
Expiration Date: 3/31/96
PLACE LABEL HERE SPECIAL REPORT
(Dollar Amounts in Thousands)
CLOSE OF BUSINESS FDIC Certificate Number
DATE
3/31/96 09230 C-700
LOANS TO EXECUTIVE OFFICERS (Complete as of each call Report Date)
- ------------------------------------------------------------------------
The following information is required by Public Laws 90-44 and 102-242, but
does not constitute a part of the Report of Condition. With each Report of
Condition, these Laws require all banks to furnish a report of all loans or
other extensions of credit to their executive officers made since the date
of the previous Report of Condition. Data regarding 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 0) for the
definitions of "executive officer" and "extension of credit", "respectively."
Exclude loans and other extensions of credit to directors and principal
shareholders who are not executive officers.
- -----------------------------------------------------------------------
a. Number of loans made to executive officers since the previous Call Report
date RCFD 3561 0 a.
b. Total dollar amount of above loans (in thousands of dollars)
RCFD 3562 0 b.
c. Range of interest charged on above loans
(example: 9 3/4% = 9.75) RCFD 7701 0.00 % to RCFD 7702 0.00 % c.
SIGNATURE AND TITLE OF OFFICER AUTHORIZED TO SIGN REPORT
/s/ Anthony R. Burriesci
DATE (Month, Day, Year)
NAME AND TITLE OF PERSON TO WHOM INQUIRIES MAY BE DIRECTED (TEXT 8903)
THOMAS J. MEYER, VICE PRESIDENT
AREA CODE/PHONE NUMBER/EXTENION
(TEXT 8040)
(201) 565-3401
DIC 8040/53 (6-95)
36