1 

Quarterly Analysis of Institutions in the Capital Purchase Program 

2009 Q2 

Introduction 

Throughout 2008, the Federal Government launched a series of financial initiatives aimed at 

stabilizing the economy. The Treasury Department (“Treasury”) launched one of its largest 

initiatives, the Capital Purchase Program (CPP), under the Emergency Economic Stabilization 

Act (EESA) in October 2008. Through the CPP, Treasury purchased shares of preferred stock 

(or comparable instruments) from qualifying financial institutions. By strengthening the capital 

bases of these financial institutions through CPP, Treasury aimed to enhance market confidence 

in the entire banking system, thereby increasing the capacity of these institutions to lend to U.S. 

businesses and consumers and to support the U.S. economy under the difficult financial market 

conditions. 

In an effort to understand better how CPP and other stabilization initiatives may have affected 

financial institutions and their activities, an interagency group convened to determine and 

conduct appropriate analyses. The interagency group consists of representatives from Treasury, 

the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board of Governors 

(Board), the Office of the Comptroller of the Currency (OCC), and the Office of Thrift 

Supervision (OTS). 

Identifying the effects of EESA programs on lending presents significant conceptual and 

practical challenges, especially at this early date. Foremost among these challenges are the 

inherent difficulties in disentangling the relative importance of reduced demand for credit due to 

weaker economic activity, reduced supply of credit because borrowers appear less creditworthy, 

or reduced supply of credit because lenders face pressures that restrain them from extending 

credit, such as possible concerns about their capital. Modifying changes in the latter is the 

primary goal of the CPP and other measures taken. The close proximity in time of many actions 

by the U.S. and other governments, including the initial announcement of the CPP and other U.S. 

initiatives, adds to the challenges of identifying effects of specific programs or groups of 

programs. Over time, significant repayments of CPP funds will present further analytical 

challenges as the panel of CPP recipients and their characteristics shift over time. 

Notwithstanding these challenges, in the interest of providing information to the market and the 

U.S. public, the interagency group has undertaken, and will continue to produce, this summary of 

the activities of institutions receiving TARP capital. 

By regulation, depository institutions are required each quarter to submit financial data (i.e. 

income statement, balance sheet, and supporting schedules) to their primary federal regulator in 

Call Reports and Thrift Financial Reports. Many depository institutions are owned by bank 

holding companies that may also own securities broker-dealers and other non-depository 

financial institutions. Large bank holding companies are required to submit consolidated 

financial data to the Federal Reserve Board of Governors each quarter in Consolidated Financial 

Statements for Bank Holding Companies (FR Y-9C Reports). The first section (“Section A”) of 
2 

                                                           

this report analyzes Call Reports and Thrift Financial Reports, and the second section (“Section 

B”) analyzes Y-9C data.1

The interagency group selected line items from regulatory filings that measure the status of 

financial institutions in a concise manner. Summary tables based on regulatory filing data 

include items in three broad categories: balance sheet and off-balance sheet items, performance 

ratios, and asset quality measures. The selected line items appear in the following tables, which 

contain data from fourth quarter 2008 through second quarter 2009.2 The interagency group 

recognized that both institution size and the timing of CPP capital investments would likely have 

a bearing on this type of analysis. Accordingly, these tables distinguish five groups of financial 

institutions: the largest 21 CPP participant institutions as of the end of June 2009 (Group I), 

other participant institutions that received CPP funds in the fourth quarter of 2008 (Group II), 

participant institutions that received CPP funds in the first quarter of 2009 (Group III), 

participant institutions that received CPP funds in the second quarter of 2009 (Group IV), and the 

remaining institutions who submitted reports but were not participants in the CPP as of the end 

of June 2009 (Group V). 

While these data accurately reflect the financial results of these different groups, it is difficult to 

draw specific conclusions about the effectiveness of the CPP from solely these ratios. First, 

more quarters of data will be needed to fully understand the effects of the CPP on both individual 

institutions as well as on the financial system as a whole. And second, more analysis needs to 

occur to create a more accurate control group. This report presents all banks that did not 

participate in the CPP as the comparison group (Group V). There are substantial differences 

among the institutions in this comparison group (the range of asset size in particular) that make it 

difficult to compare aggregate results for Group V with results for the four CPP groups. 

Designing appropriate comparisons will be a focus of future analysis. 

1

 Detailed information on reporting can be found at the Federal Financial Institutions Examinations Council website 

(http://www.ffiec.gov) and at the Board of Governors website (http://www.federalreserve.gov) under “Reporting 

Forms”. In general only bank holding companies with consolidated assets greater than $500 million are required to 

submit Y-9C reports. 

2

 See “Appendix A: Notes to Call and Thrift Financial Report Data Users” and “Appendix B: Notes to Y-9C Data 

Users” for a more detailed description of the data. 
3 

Section A: Call and Thrift Financial Report Analysis 

The Call and Thrift Financial Report data are organized into five tables, by group: 

Group Description 

Number of 

CPP 

participants

Number of 

Insured 

institutions 

Average asset size 

of insured 

institution 

(billions) 

Group I Subsidiaries of the 21 Largest CPP 

Participants (as of June 30, 2009) 

21 65 $126.6 

Group II Subsidiaries of CPP Participants that 

were funded in Q4 2008 

193 293 $3.0 

Group III Subsidiaries of CPP Participants that 

were funded in Q1 2009 

318 363 $1.0 

Group IV Subsidiaries of CPP Participants that 

were funded in Q2 2009 

117 148 $0.3 

Group V Non CPP Participants (as of June 30, 

2009) 

NA 7,326 $0.5 

Summary of Findings 

Note: All changes refer to the change between first quarter 2009 and second quarter 2009, 

unless otherwise noted. 

Selected Balance and Off-Balance Sheet Items

Overall Asset Growth 

Group IV was the only group with positive overall asset growth in Q2 2009 (1.6%). 

Loan Growth3

 Group IV was the only group that did not experience negative growth in the total loans in Q2 

2009 (0.1%). 

Group IV was the only group with positive growth in residential mortgages (1.4%), and showed 

the largest positive growth in credit card loans (5.2%), other consumer loans (8.8%), and 

commercial real estate (CRE) loans (2.3%) when compared to the other four groups. 

Across all groups, construction and development (C&D) loans and commercial and industrial 

(C&I) loans fell. CRE loans showed overall positive growth, with only one group experiencing a 

slight decline (Group I). Although four of the five groups experienced positive growth in home 

equity lines of credit (HELOCs), a decline of 0.8 percent in HELOCs reported by Group I 

resulted in an overall decline in these loans. 

                                                           

3

 All loan growth figures refer to the change in outstanding loan balances. 
4 

dvances). 

                                                           

Closed-end Mortgage and Open-end HELOC Originations4

In all groups, closed-end mortgage originations (originated for sale and originations sold) 

increased. Group IV experienced the largest percent increases, with mortgages originated for 

sale increasing 59.4% and mortgage originations sold increasing 62.8%. 

All of the three groups (Groups I, II and V) that reported open-end HELOC originations in Q2 

2009 experienced increases in HELOCs originated for sale and decreases in HELOC originations 

sold. 

Securities on Balance Sheet 

In Q2 2009, all groups except Group V experienced positive growth in mortgage-backed 

securities (MBS). Group I experienced the highest positive growth in MBS (6.9%). Assetbacked securities (ABS) rose in all groups except Group II and saw the largest growth in Group 

IV (111%). Finally, other securities5

 grew in all groups except Group III. Group I saw the 

largest growth in other securities (14.3%). 

Other Asset Growth 

Unused commitments decreased in all groups. Group IV had the largest percentage decrease (-

8.0%), while Group I had the smallest percentage decrease (-4.2%). The outstanding principal 

balance of assets sold and securitized with servicing retained also decreased in all groups except 

Group III, though the range of changes was somewhat small. The largest decrease, which was in 

Group II, was -2.9%, and the only increase, which was in Group III, was 1.2%. Cash and 

balances due fell in Groups I and II and rose in Groups III, IV and V. Group I had the largest 

decrease (-15.5%) and Group III had the largest increase (31.7%). 

Liabilities 

With the exception of Group IV, all groups experienced decreases in total liabilities. Group IV 

experienced a slight increase (0.2%) in total liabilities. Conversely, all groups experienced 

positive growth in deposits. The largest increase in deposits was in Group III (1.4%) and the 

smallest increases in deposits were in Group II and Group IV (0.3% in both groups). 

Total other borrowings6

 and Federal Home Loan Bank (FHLB) advances decreased in all 

groups. Group I experienced the largest decreases in both categories (-17.4% in total other 

borrowings, -12.2% in FHLB advances), while Group IV experienced the small decreases in both

categories (-1.7% in total other borrowings, -2.3% in FHLB a

4

 Only Call Report filers with assets over $1 billion or more than $10 million in mortgage origination for two 

consecutive quarters are required to report residential loans originated for sale (see Appendix A: Notes to Call and 

Thrift Financial Report Data Users). 

5

 Defined as total securities less MBS and ABS. 

6 Total other borrowings include FHLB advances and other amounts borrowed by the consolidated bank, exclusive 

of federal funds purchased and securities sold under agreements to repurchase, liabilities for short positions, and 

subordinated notes and debentures. This item includes mortgage indebtedness and obligations under capitalized 

leases. 
5 

Equity 

As expected, growth in equity capital was strong in Q2 2009 for Group IV (15.0%) as those 

institutions received capital infusions via CPP in Q2 2009. Group II was the only group 

experiencing negative growth in total equity capital (-1.5%). 

Also expected, stock sales and transactions with the parent holding company during the quarter 

increased dramatically in Q2 2009 for Group IV (1974.5% increase). All other groups 

displayed negative growth in stock sales and transactions with the parent holding company. The 

largest decrease was in Group III, which was expected as Group III displayed a dramatic increase 

in stock sales and transactions with the parent holding company during Q1 2009 (the quarter of 

their capital infusions via CPP). 

Performance Ratios7

Capital Ratios 

In Q2 2009, Group IV had the highest tier 1 leverage ratio and Group V had the highest tier 1 

risk-based capital ratio and total risk-based capital ratio. Generally, capital ratios increased in all 

groups except Group II, where the tier 1 leverage ratio and the total risk-based capital ratio 

decreased and the tier 1 risk-based capital ratio was flat. In Group III, the tier 1 leverage ratio 

was flat, but the tier 1 risk-based capital ratio and the total risk-based ratio increased. As 

expected, Group IV experienced the largest increases in all three capital ratios in Q2 2009 (the 

quarter of their capital infusions via CPP). 

Earnings Ratios 

In Q2 2009, return on equity and return on assets were negative in all groups except Group I. 

Across all groups, net interest margins were positive. Return on equity decreased in all groups 

except for Group II; return on assets increased in Group II, decreased in Groups I, III, and IV, 

and was flat in Group V. Net interest margins increased slightly in all groups except Groups II 

and V where they were unchanged. 

Loss Coverage Ratios 

Coverage ratios (allowance for loan and lease losses to noncurrent loans) declined in all groups 

except for Group IV, where the coverage ratio was flat. The largest decrease in coverage ratios 

was in Group III (6.3 percentage points). In Q2 2009, Group I had the highest coverage ratio 

(69.5%), while Group IV had the lowest coverage ratio (47.3%). 

The ratio of loss provisions to net charge-offs (for the quarter) decreased across all groups except 

Group IV, where the ratio increased by 30.5 percentage points. Group IV also had the highest 

ratio of loss provisions to net charge-offs in Q2 2009 (150.3%), while Group V had the lowest 

ratio (127.0%). 

                                                           

7

 Performance ratios reflect weighted averages for each group (see Appendix A: Notes to Call and Thrift Financial 

Report Data Users). 
6 

The ratio of net charge-offs to average loans and leases increased in all groups in Q2 2009. The 

largest increase was in Group III (1.0 percentage points) and the smallest increase was in Group 

IV (0.2 percentage points). In Q2 2009, Group I had the highest ratio of net charge-offs to 

average loans and leases (3.0%) and Group IV had the lowest ratio of net charge-offs to average 

loans and leases (1.0%). 

Asset Quality: Noncurrent Loans 

With few exceptions, noncurrent loans as a percentage of loans (within loan category) increased 

across all groups and loan categories in Q2 2009. All groups experienced increases in the ratio of 

total noncurrent loans to total loans, as well as increases in the ratio of noncurrent loans to total 

loans in C&D loans, residential mortgages, and CRE loans. 

Groups II and IV experienced decreases in the ratio of noncurrent loans to total loans in two 

categories each (HELOCs and credit cards loans; other consumer loans and C&I loans). Groups 

I and III experienced a decrease in the ratio of noncurrent loans to total loans in one category 

each (HELOCs and credit card loans, respectively). Group V did not experience any decrease in 

the ratio of noncurrent loans to total loans in any category. Across all groups except Group IV, 

the largest increase in the ratio of noncurrent loans to total loans was in C&D loans. 

The ratio of total noncurrent loans to total loans was highest in Group I (4.8%) and lowest in 

Group IV (3.3%). Within categories of loans, the ratio of noncurrent loans to total loans was 

highest in Group I across all but one loan category (C&D loans). The ratio of noncurrent loans 

to total loans was lowest in Group IV in all but two categories (other consumer loans and C&I 

loans). 

Across all groups, the highest ratio of noncurrent loans to total loans was in C&D loans. The 

lowest ratios of noncurrent loans to total loans were split between HELOCs (in Groups II and 

IV) and other consumer loans (in Groups I, II, III, and V). 

Asset Quality: Gross Charge-offs

Generally, gross charge-offs as a percentage of total loans (within loan type) increased across all 

loan categories and groups in Q2 2009. All groups experienced increases in the ratio of total 

gross charge-offs to total loans, as well as the ratio of gross charge-offs to total loans in credit 

card loans and C&I loans. 

Group I experienced increases in the ratio of gross charge-offs to total loans in all loan 

categories; Group II experienced increases in the ratio of gross charge-offs to total loans in all 

loan categories except one (other consumer loans); Group V experienced increases in the ratio of 

gross charge-offs to total loans in all loan categories except two (other consumer loans and CRE 

loans); Group III experienced increases in the ratio of gross charge-offs to total loans in all loan 

categories except three (1-4 family mortgages, HELOCs, and other consumer loans); Group IV 

experienced increases in the ratio of gross charge-offs to total loans in three categories. In 

Groups I, IV and V the largest increases in the ratio of gross charge-offs to total loans were in 

credit card loans; in Group II the largest increases in the ratio of gross charge-offs to total loans 
7 

were in C&D loans; in Group III the largest increases in the ratio of gross charge-offs to total 

loans were in C&I loans. 

In Q2 2009, the ratio of total gross charge-offs to total loans was highest in Group I (0.8%) and 

lowest in Group IV (0.3%). Within categories of loans, the ratio of gross charge-offs to total 

loans was highest in Group I in all but two categories (though in CRE loans, Groups I, II, III and 

IV all had the same ratio of gross charge-offs to total loans). That ratio was lowest in Group IV 

in all but two categories. 

In all but one group (Group II), the highest ratios of gross charge-offs to total loans was in credit 

card loans. Generally, the lowest ratios of gross charge-offs to total loans were in CRE loans. 
8 

Selected balance and off‐balance sheet items $ millions %chg from prev $ milli ons %chg from prev $ milli ons %chg from prev

Assets $8,751,111 1.6% $8,415,857 ‐3.8% $8,228,132 ‐2.2%

Loa ns $4,472,408 ‐3.1% $4,352,073 ‐2.7% $4,281,083 ‐1.6%

Construction & development $197,424 ‐4.7% $188,939 ‐4.3% $179,716 ‐4.9%

Closed‐end 1‐4 family residential $1,144,270 ‐4.7% $1,145,935 0.1% $1,127,106 ‐1.6%

Home equity $476,003 1.6% $479,653 0.8% $475,957 ‐0.8%

Credit card $339,533 6.2% $292,775 ‐13.8% $290,482 ‐0.8%

Other consumer $372,969 ‐5.2% $376,248 0.9% $377,664 0.4%

Commercial & Industrial $975,281 ‐1.1% $928,550 ‐4.8% $871,622 ‐6.1%

Commercial real estate $323,263 0.8% $324,738 0.5% $324,631 0.0%

Unused commi tments $5,397,631 ‐8.1% $4,942,874 ‐8.4% $4,734,197 ‐4.2%

Securi ti za tion outs ta nding princi pal $1,813,493 1.1% $1,790,264 ‐1.3% $1,773,139 ‐1.0%

Mortgage‐ba cked securi ties (GSE and priva te i s s ue ) $746,093 2.3% $767,268 2.8% $820,473 6.9%

As set‐ba cked securi ties $110,864 ‐41.4% $119,931 8.2% $123,555 3.0%

Other securi ties $265,515 15.5% $364,149 37.1% $416,270 14.3%

Ca s h & balances due $817,558 45.3% $766,958 ‐6.2% $647,961 ‐15.5%

Resi dential mortgage origina ti ons

Closed‐end mortgage originated for sale (quarter) $162,765 ‐5.1% $265,854 63.3% $414,322 55.8%

Open‐end HELOC originated for sale (quarter) $5,678 69.3% $6,214 9.4% $6,726 8.3%

Closed‐end mortgage originations sold (quarter) $164,276 ‐16.2% $260,358 58.5% $391,580 50.4%

Open‐end HELOC originations sold (quarter) $4,316 28.6% $6,324 46.5% $4,824 ‐23.7%

Liabilities $7,973,972 1.9% $7,562,647 ‐5.2% $7,351,527 ‐2.8%

Deposi ts $5,340,946 3.1% $5,182,007 ‐3.0% $5,235,105 1.0%

Total other borrowings $1,077,990 ‐4.9% $999,136 ‐7.3% $825,678 ‐17.4%

FHLB advances $384,257 ‐19.0% $332,595 ‐13.4% $291,858 ‐12.2%

Equi ty ca pi tal a t qua rte r end $777,138 ‐1.4% $839,141 8.0% $862,523 2.8%

Stock sales and tra nsa ctions wi th pa rent holding compa ny

during qua rter $60,219 176.1% $49,171 ‐18.3% $15,672 ‐68.1%

Performance Ratios

Tier 1 leverage ra tio

Tier 1 ri sk based capi tal ra tio

Total ri sk based ca pi tal ra tio

Re turn on equity

1

Re turn on a s se ts 1

Net inte res t ma rgi n1

Coverage ra tio {(ALLL+Alloc tra ns fe r ri sk)/Noncurrent loans )}

Los s provi si on to net cha rge‐offs (qtr)

Net cha rge‐offs to ave rage loans and leases 1

Asset Quality (% of Total Loan Type)

Q4 2008 Q1 2009 Q2 2009 Q4 2008 Q1 2009 Q2 2009

Construction & development 7.8% 10.4% 13.7% 1.3% 0.8% 1.2%

Closed‐end 1‐4 family residential 6.1% 8.1% 9.2% 0.3% 0.4% 0.6%

Home equity 1.9% 2.3% 2.0% 0.5% 0.7% 0.9%

Credit card 2.8% 3.7% 3.8% 1.7% 2.2% 2.9%

Other consumer 1.6% 1.8% 1.9% 0.9% 1.0% 1.1%

Commercial & Industrial 1.8% 2.4% 3.1% 0.5% 0.5% 0.7%

Commercial real estate 1.5% 2.4% 3.5% 0.2% 0.1% 0.2%

Total loans 3.1% 4.2% 4.8% 0.5% 0.6% 0.8%

8 17 24 1

Source: FDIC Analysis of Call and Thri ft Financial Report Data

Notes:

Q2 2009

Insured Institutions by Asset Size

I. Subsidiaries of 21 Largest BHCs Receiving TARP Capital to Date

Institution Count TARP CPP Funds Disbursed

21 65 $171,385

Entities in CPP

Q4 2008 Q1 2009 Q2 2009

Q4 2008 Q1 2009 Q2 2009

6.8% 7.5% 7.8%

9.1% 10.0% 10.4%

12.6% 13.3% 13.7%

‐8.8% 5.8% 0.5%

‐0.8% 0.5% 0.1%

3.3% 3.4% 3.5%

$1 ‐ $10 Billion

$10 ‐ $100

Billion

More than

$100 Billion

2.4%

69.5%

Noncurrent Loans

194.2% 165.7% 140.1%

2.1% 3.0%

The Hartford Financial Services Group (although a part of Treasury's Monthly Intermediation Snapshot "Top 22" reporting group)  is not included in the "21

Largest Bank Holding Companies" group as it is a Thrift Holding Company and not a bank holding company.

Equity

1

Quarterly, annualized.

82.3% 72.0%

Gross Charge‐Offs

Less than $1

Billion

6
Selected balance and off‐balance sheet items $ millions %chg from prev $ millions %chg from prev $ millions %chg from prev

Assets $895,420 2.5% $891,673 ‐0.4% $880,708 ‐1.2%

Loans $647,684 0.3% $640,409 ‐1.1% $633,418 ‐1.1%

Construction & development $97,361 ‐4.7% $93,800 ‐3.7% $87,594 ‐6.6%

Closed‐end 1‐4 family residential $118,078 ‐0.3% $118,356 0.2% $117,596 ‐0.6%

Home equity $43,264 4.4% $44,140 2.0% $44,681 1.2%

Credit card $2,095 0.0% $2,025 ‐3.3% $2,060 1.8%

Other consumer $30,140 ‐2.5% $28,334 ‐6.0% $27,285 ‐3.7%

Commercial & Industrial $126,462 0.9% $122,776 ‐2.9% $119,468 ‐2.7%

Commercial real estate $170,246 2.6% $172,019 1.0% $174,608 1.5%

Unused commi tments $181,622 ‐4.4% $176,252 ‐3.0% $163,181 ‐7.4%

Securi ti za tion outs tanding principal $41,752 2.5% $41,663 ‐0.2% $40,454 ‐2.9%

Mortgage‐backed securi ties (GSE and priva te i s s ue ) $91,222 12.4% $96,179 5.4% $97,480 1.4%

As set‐backed securi ties $2,933 ‐16.0% $2,862 ‐2.4% $458 ‐84.0%

Other securi ties $43,912 4.9% $42,114 ‐4.1% $45,627 8.3%

Ca s h & balances due $30,245 44.4% $34,646 14.5% $32,910 ‐5.0%

Residential mortgage origina tions

Closed‐end mortgage originated for sale (quarter) $6,439 ‐31.3% $15,598 142.2% $18,692 19.8%

Open‐end HELOC originated for sale (quarter) $41 35.7% $46 12.4% $46 2.1%

Closed‐end mortgage originations sold (quarter) $6,114 ‐47.7% $13,864 126.7% $17,393 25.5%

Open‐end HELOC originations sold (quarter) $20 34.4% $19 ‐3.7% $14 ‐24.1%

Liabilities $801,240 2.0% $798,916 ‐0.3% $789,336 ‐1.2%

Deposi ts $636,137 3.9% $649,017 2.0% $650,852 0.3%

Total other borrowings $91,067 ‐7.8% $79,334 ‐12.9% $73,791 ‐7.0%

FHLB advances $69,654 ‐14.1% $58,858 ‐15.5% $55,979 ‐4.9%

Equi ty capi tal a t qua rter end $94,180 6.0% $91,831 ‐2.5% $90,454 ‐1.5%

Stock sales and transactions wi th pa rent holding company

during qua rter $9,539 1099.8% $1,510 ‐84.2% $1,440 ‐4.7%

Performance Ratios

Tier 1 leverage ra tio

Tier 1 ri sk based capi tal ra tio

Total ri sk based capi tal ra tio

Re turn on equity

1

Re turn on a s se ts 1

Net interes t ma rgin1

Coverage ra tio {(ALLL+Alloc trans fer ri sk)/Noncurrent loans )}

Los s provi sion to net cha rge‐offs (qtr)

Net cha rge‐offs to average loans and leases 1

Asset Quality (% of Total Loan Type)

Q4 2008 Q1 2009 Q2 2009 Q4 2008 Q1 2009 Q2 2009

Construction & development 9.0% 11.1% 12.9% 1.4% 1.2% 2.2%

Closed‐end 1‐4 family residential 2.5% 3.4% 4.0% 0.2% 0.2% 0.3%

Home equity 0.8% 1.0% 0.9% 0.3% 0.3% 0.4%

Credit card 2.5% 2.8% 2.7% 1.5% 1.7% 2.0%

Other consumer 0.7% 0.8% 0.9% 0.6% 0.9% 0.6%

Commercial & Industrial 1.6% 2.1% 2.5% 0.5% 0.6% 0.7%

Commercial real estate 1.4% 2.0% 2.4% 0.1% 0.1% 0.2%

Total loans 2.8% 3.4% 4.0% 0.5% 0.5% 0.7%

156 112 25 0

Source: FDIC Analysis of Call and Thri ft Financial Report Data

Less than $1

Billion $1 ‐ $10 Billion

$10 ‐ $100

Billion

II. Independent Banks and Subsidiaries of Holding Companies Receiving TARP Capital in Q4 2008

(excludes Top 21 BHCs)

Institution Count TARP CPP Funds Disbursed

193 293 $19,543

Entities in CPP

Q4 2008 Q1 2009 Q2 2009

More than

$100 Billion

Q4 2008 Q1 2009

12.3%

‐17.1% ‐15.8%

12.4%

Insured Institutions by Asset Size

Q2 2009

8.5% 8.4% 8.3%

10.1% 10.2% 10.2%

12.3%

Q2 2009

138.4%

‐1.8% ‐1.6% ‐1.0%

3.5% 3.4% 3.4%

2.5%

Noncurrent Loans Gross Charge‐Offs

1

Quarterly, annualized.

‐10.1%

66.6% 59.5% 57.8%

170.0% 143.4%

Equity

1.8% 1.8%

9 
Selected balance and off‐balance sheet items $ millions %chg from prev $ millions %chg from prev $ millions %chg from prev

Assets $355,248 3.2% $367,596 3.5% $367,574 0.0%

Loans $264,338 3.7% $265,770 0.5% $263,775 ‐0.8%

Construction & development $34,392 ‐1.6% $33,504 ‐2.6% $31,758 ‐5.2%

Closed‐end 1‐4 family residential $53,912 0.0% $56,119 4.1% $55,374 ‐1.3%

Home equity $10,963 5.0% $11,230 2.4% $11,495 2.4%

Credit card $27,331 32.0% $25,882 ‐5.3% $25,613 ‐1.0%

Other consumer $11,750 0.2% $12,001 2.1% $12,016 0.1%

Commercial & Industrial $39,957 2.3% $39,721 ‐0.6% $39,145 ‐1.4%

Commercial real estate $65,391 3.8% $66,696 2.0% $68,074 2.1%

Unused commi tments $254,087 ‐3.9% $238,183 ‐6.3% $224,934 ‐5.6%

Securi ti za tion outs tanding principal $23,410 ‐17.4% $22,673 ‐3.1% $22,938 1.2%

Mortgage‐backed securi ties (GSE and priva te i s s ue ) $30,361 8.6% $32,757 7.9% $33,999 3.8%

As set‐backed securi ties $927 14.2% $1,071 15.6% $1,304 21.7%

Other securi ties $20,385 ‐2.8% $27,937 37.0% $23,938 ‐14.3%

Ca s h & balances due $16,480 12.7% $14,730 ‐10.6% $19,393 31.7%

Residential mortgage origina tions

Closed‐end mortgage originated for sale (quarter) $5,265 9.4% $9,857 87.2% $12,747 29.3%

Open‐end HELOC originated for sale (quarter) $0 ‐100.0% $0 n/a $0 n/a

Closed‐end mortgage originations sold (quarter) $5,045 2.1% $9,277 83.9% $12,275 32.3%

Open‐end HELOC originations sold (quarter) $0 36.4% $0 ‐100.0% $0 n/a

Liabilities $323,096 3.6% $330,278 2.2% $329,861 ‐0.1%

Deposi ts $268,115 3.5% $275,583 2.8% $279,412 1.4%

Total other borrowings $34,784 2.5% $35,515 2.1% $30,058 ‐15.4%

FHLB advances $31,636 ‐0.9% $29,154 ‐7.8% $27,101 ‐7.0%

Equi ty capi tal a t qua rter end $32,152 ‐1.1% $37,090 15.4% $37,484 1.1%

Stock sales and transactions wi th pa rent holding company

during qua rter $470 ‐17.4% $5,329 1033.6% $993 ‐81.4%

Performance Ratios

Tier 1 leverage ra tio

Tier 1 ri sk based capi tal ra tio

Total ri sk based capi tal ra tio

Re turn on equity

1

Re turn on a s se ts 1

Net interes t ma rgin1

Coverage ra tio {(ALLL+Alloc trans fer ri sk)/Noncurrent loans )}

Los s provi sion to net cha rge‐offs (qtr)

Net cha rge‐offs to average loans and leases 1

Asset Quality (% of Total Loan Type)

Q4 2008 Q1 2009 Q2 2009 Q4 2008 Q1 2009 Q2 2009

Construction & development 8.2% 8.6% 11.4% 1.2% 0.7% 1.1%

Closed‐end 1‐4 family residential 3.1% 3.6% 4.2% 0.2% 0.2% 0.2%

Home equity 0.8% 1.1% 1.1% 0.2% 0.2% 0.2%

Credit card 2.7% 3.3% 3.1% 1.5% 1.9% 2.3%

Other consumer 0.9% 0.9% 0.9% 0.7% 0.7% 0.7%

Commercial & Industrial 1.6% 2.6% 2.9% 0.4% 0.3% 0.8%

Commercial real estate 1.7% 2.1% 2.7% 0.1% 0.1% 0.2%

Total loans 2.8% 3.4% 4.0% 0.5% 0.4% 0.7%

289 69 5

Source: FDIC Analysis of Call and Thri ft Financial Report Data

III. Independent Banks and Subsidiaries of Holding Companies Receiving TARP Capital in Q1 2009

(excludes Top 21 BHCs)

Institution Count TARP CPP Funds Disbursed

318 363 $7,841

Entities in CPP

Q4 2008 Q1 2009 Q2 2009

Q2 2009

Less than $1

Billion $1 ‐ $10 Billion

$10 ‐ $100

Billion

More than

$100 Billion

Q2 2009

8.2%

‐0.4%

3.7%

9.3% 9.3%

Q4 2008 Q1 2009

10.0% 11.5% 12.0%

‐1.3%

201.6% 176.8%

Insured Institutions by Asset Size

11.3% 12.8% 13.4%

‐13.6% ‐1.4% ‐3.5%

‐0.1%

1

Quarterly, annualized.

1.6%

3.6% 3.7%

Noncurrent Loans Gross Charge‐Offs

72.0% 68.6% 62.3%

2.6%

Equity

128.1%

1.9%

10 
Selected balance and off‐balance sheet items $ millions %chg from prev $ millions %chg from prev $ millions %chg from prev

Assets $46,424 0.5% $47,165 1.6% $47,899 1.6%

Loans $35,772 ‐0.2% $35,890 0.3% $35,927 0.1%

Construction & development $5,860 ‐8.6% $5,633 ‐3.9% $5,228 ‐7.2%

Closed‐end 1‐4 family residential $6,526 2.4% $6,731 3.1% $6,826 1.4%

Home equity $1,976 6.6% $2,033 2.9% $2,041 0.4%

Credit card $14 ‐30.7% $13 ‐4.6% $14 5.2%

Other consumer $718 ‐4.2% $667 ‐7.1% $726 8.8%

Commercial & Industrial $5,469 ‐0.3% $5,307 ‐3.0% $5,246 ‐1.2%

Commercial real estate $11,891 2.2% $12,161 2.3% $12,443 2.3%

Unused commi tments $6,335 ‐7.8% $5,998 ‐5.3% $5,519 ‐8.0%

Securi ti za tion outs tanding principal $139 ‐1.4% $135 ‐2.6% $132 ‐1.8%

Mortgage‐backed securi ties (GSE and priva te i s s ue ) $3,103 7.7% $3,134 1.0% $3,174 1.3%

As set‐backed securi ties $4 2.4% $9 109.8% $20 111.0%

Other securi ties $3,116 ‐0.2% $3,133 0.6% $3,253 3.8%

Ca s h & balances due $1,570 13.6% $1,872 19.2% $2,275 21.5%

Residential mortgage origina tions

Closed‐end mortgage originated for sale (quarter) $412 18.8% $1,440 249.4% $2,296 59.4%

Open‐end HELOC originated for sale (quarter) $0 n/a $0 n/a $2 n/a

Closed‐end mortgage originations sold (quarter) $380 4.3% $1,313 245.4% $2,138 62.8%

Open‐end HELOC originations sold (quarter) $0 n/a $0 n/a $0 n/a

Liabilities $42,178 0.6% $42,901 1.7% $42,995 0.2%

Deposi ts $36,762 0.3% $37,959 3.3% $38,077 0.3%

Total other borrowings $3,985 3.1% $3,699 ‐7.2% $3,637 ‐1.7%

FHLB advances $3,775 1.3% $3,447 ‐8.7% $3,367 ‐2.3%

Equi ty capi tal a t qua rter end $4,245 ‐0.5% $4,264 0.4% $4,904 15.0%

Stock sales and transactions wi th pa rent holding company

during qua rter $31 ‐39.3% $30 ‐0.9% $633 1974.5%

Performance Ratios

Tier 1 leverage ra tio

Tier 1 ri sk based capi tal ra tio

Total ri sk based capi tal ra tio

Re turn on equity

1

Re turn on a s se ts 1

Net interes t ma rgin1

Coverage ra tio {(ALLL+Alloc trans fer ri sk)/Noncurrent loans )}

Los s provi sion to net cha rge‐offs (qtr)

Net cha rge‐offs to average loans and leases 1

Asset Quality (% of Total Loan Type)

Q4 2008 Q1 2009 Q2 2009 Q4 2008 Q1 2009 Q2 2009

Construction & development 6.5% 7.6% 7.9% 0.7% 0.6% 0.6%

Closed‐end 1‐4 family residential 2.2% 2.7% 3.3% 0.2% 0.2% 0.2%

Home equity 0.6% 0.7% 0.8% 0.1% 0.1% 0.1%

Credit card 1.0% 1.4% 1.5% 0.9% 0.5% 1.6%

Other consumer 1.1% 1.2% 1.0% 0.5% 0.5% 0.4%

Commercial & Industrial 2.0% 2.5% 2.4% 0.5% 0.3% 0.6%

Commercial real estate 1.9% 2.5% 2.6% 0.1% 0.1% 0.2%

Total loans 2.6% 3.1% 3.3% 0.3% 0.2% 0.3%

143 5 0 0

Source: FDIC Analysis of Call and Thri ft Financial Report Data

Noncurrent Loans Gross Charge‐Offs

Q4 2008 Q1 2009 Q2 2009

Q2 2009

8.8%

1.2% 0.8% 1.0%

IV. Independent Banks and Subsidiaries of Holding Companies Receiving TARP Capital in Q2 2009

Institution Count TARP CPP Funds Disbursed

117 148 $4,424

Entities in CPP

8.6% 9.5%

Q4 2008 Q1 2009

10.6% 10.6% 11.8%

11.9% 11.9% 13.1%

‐3.8% 3.1% ‐0.2%

‐0.4% 0.3% 0.0%

3.6% 3.5% 3.6%

Equity

1

Quarterly, annualized.

56.1% 47.3% 47.3%

150.2% 119.8% 150.3%

Q2 2009

Less than $1

Billion $1 ‐ $10 Billion

$10 ‐ $100

Billion

More than

$100 Billion

Insured Institutions by Asset Size

11 
Selected balance and off‐balance sheet items $ millions %chg from prev $ millions %chg from prev $ millions %chg from prev

Assets $3,750,155 2.8% $3,796,758 1.2% $3,777,141 ‐0.5%

Loans $2,424,519 0.8% $2,426,851 0.1% $2,413,882 ‐0.5%

Construction & development $252,314 ‐2.8% $242,938 ‐3.7% $231,464 ‐4.7%

Closed‐end 1‐4 family residential $701,416 0.3% $708,871 1.1% $705,193 ‐0.5%

Home equity $132,891 4.9% $136,706 2.9% $138,707 1.5%

Credit card $75,625 9.4% $82,283 8.8% $80,064 ‐2.7%

Other consumer $167,093 1.0% $167,292 0.1% $164,167 ‐1.9%

Commercial & Industrial $346,557 0.0% $335,809 ‐3.1% $329,429 ‐1.9%

Commercial real estate $493,699 2.7% $499,717 1.2% $506,770 1.4%

Unused commi tments $1,309,744 ‐13.7% $1,255,542 ‐4.1% $1,179,382 ‐6.1%

Securi ti za tion outs tanding principal $29,824 1.9% $29,492 ‐1.1% $28,970 ‐1.8%

Mortgage‐backed securi ties (GSE and priva te i s s ue ) $423,908 2.2% $412,589 ‐2.7% $410,478 ‐0.5%

As set‐backed securi ties $15,732 3.4% $16,412 4.3% $18,326 11.7%

Other securi ties $272,313 5.1% $315,042 15.7% $338,402 7.4%

Ca s h & balances due $235,386 73.0% $230,763 ‐2.0% $234,955 1.8%

Residential mortgage origina tions

Closed‐end mortgage originated for sale (quarter) $40,012 ‐6.7% $77,591 93.9% $92,740 19.5%

Open‐end HELOC originated for sale (quarter) $86 ‐41.0% $43 ‐50.3% $62 43.8%

Closed‐end mortgage originations sold (quarter) $41,134 ‐2.1% $70,539 71.5% $92,066 30.5%

Open‐end HELOC originations sold (quarter) $8 ‐58.4% $327 4033.4% $48 ‐85.2%

Liabilities $3,362,390 3.3% $3,394,243 0.9% $3,365,543 ‐0.8%

Deposi ts $2,734,189 4.4% $2,794,704 2.2% $2,817,160 0.8%

Total other borrowings $377,235 ‐2.5% $366,393 ‐2.9% $337,833 ‐7.8%

FHLB advances $286,400 ‐6.6% $267,351 ‐6.7% $256,184 ‐4.2%

Equi ty capi tal a t qua rter end $387,765 ‐1.4% $400,014 3.2% $409,145 2.3%

Stock sales and transactions wi th pa rent holding company

during qua rter $8,618 ‐13.3% $9,767 13.3% $8,626 ‐11.7%

Performance Ratios

Tier 1 leverage ra tio

Tier 1 ri sk based capi tal ra tio

Total ri sk based capi tal ra tio

Re turn on equity

1

Re turn on a s se ts 1

Net interes t ma rgin1

Coverage ra tio {(ALLL+Alloc trans fer ri sk)/Noncurrent loans )}

Los s provi sion to net cha rge‐offs (qtr)

Net cha rge‐offs to average loans and leases 1

Asset Quality (% of Total Loan Type)

Q4 2008 Q1 2009 Q2 2009 Q4 2008 Q1 2009 Q2 2009

Construction & development 9.1% 11.5% 13.9% 1.3% 0.7% 1.3%

Closed‐end 1‐4 family residential 2.3% 2.9% 3.7% 0.2% 0.2% 0.3%

Home equity 0.9% 1.1% 1.1% 0.3% 0.4% 0.5%

Credit card 2.3% 2.7% 2.8% 1.7% 1.7% 2.2%

Other consumer 0.5% 0.5% 0.5% 0.5% 0.6% 0.5%

Commercial & Industrial 1.4% 1.8% 2.1% 0.4% 0.3% 0.5%

Commercial real estate 1.8% 2.2% 2.7% 0.1% 0.1% 0.1%

Total loans 2.5% 3.1% 3.7% 0.4% 0.3% 0.5%

6907 375 41 3

Source: FDIC Analysis of Call and Thri ft Financial Report Data

More than

$100 Billion

Noncurrent Loans Gross Charge‐Offs

Less than $1

Billion $1 ‐ $10 Billion

$10 ‐ $100

Billion

V. Insured Institutions Not in Groups Receiving TARP Capital

Q4 2008 Q1 2009 Q2 2009

Institution Count

7,326

Q2 2009

9.0% 9.0% 9.1%

Q4 2008 Q1 2009

12.3% 12.4% 12.6%

13.8% 14.0% 14.2%

65.2% 57.5% 51.7%

‐12.4% ‐1.7% ‐2.2%

‐1.3% ‐0.2% ‐0.2%

Equity

1

Quarterly, annualized.

Q2 2009

127.0%

1.5% 1.2%

3.4%

Insured Institutions by Asset Size

1.7%

181.4% 154.3%

3.3% 3.3%

12 
13 

                                                           

Appendix A: Notes to Call and Thrift Financial Report Data Users 

The Treasury Department invested $203 billion in banking organizations participating in the 

Troubled Asset Relief Program’s Capital Purchase Program between October 28, 2008, and June 

30, 2009. These investments went to 649 independent banks and bank and thrift holding 

companies. Treasury and the bank regulatory agencies use quarterly Call Report and Thrift 

Financial Report data to analyze changes in balance sheets, loan provisioning, and intermediation 

activities. The summary tables above present aggregated Call and Thrift Financial Report data 

for the FDIC-insured institutions in banking organizations that received TARP capital under the 

CPP. 

Four groups of entities receiving TARP funds have been created for this report: 

• (I) The 21 largest bank holding companies that have received TARP funds. The 65 insured 

subsidiaries of these BHCs include the largest domestic banks. These 21 entities each submit 

consolidated monthly lending reports to Treasury.8

• (II) Independent banks and smaller bank and thrift holding companies that received TARP 

funds in the fourth quarter of 2008. 

• (III) Independent banks and bank and thrift holding companies that received TARP funds in 

the first quarter of 2009. 

• (IV) Independent banks and bank and thrift holding companies that received TARP funds in 

the second quarter of 2009. 

These four groups represent 87 independent banks and 562 bank and thrift holding companies. 

A total of 782 insured institutions are subsidiaries of the 562 holding companies. 

• (V) The 7,326 FDIC-insured institutions that were not in groups that had received TARP 

capital as of June 30, 2009, make up the fifth group. About 94% of these institutions have 

total assets of less than $1 billion. 

Templates summarizing selected balance sheet items and performance and condition ratios were 

developed after consultation with members of an interagency working group. Quarterly changes 

in loan balances, commitments, securities, and residential real estate loan originations for sale 

address banks’ credit intermediation activities.9

 Changes in total equity capital at quarter-end, as 

8

 Treasury requested detailed consolidated monthly lending reports (“Monthly Lending and Intermediation 

Snapshot”) from the 21 largest bank holding companies in the program, supplemented by monthly reports (“CPP 

Monthly Lending Report”) by all TARP CPP participants of three data points: average consumer loans outstanding, 

average commercial loans outstanding, and total loans. These monthly reports have been published on the Treasury 

web site at http://www.financialstability.gov/impact/surveys.htm. The Hartford, a thrift holding company, submits a 

Monthly Lending and Intermediation Snapshot to Treasury as well, but is not included in Group I. 

9

 Call Report filers with assets over $1 billion or more than $10 million in mortgage origination for two consecutive 

quarters report residential loans originated for sale. 
14 

well as changes in stock sales and transactions with parent holding companies during the quarter 

are summed for each group (banks were instructed to report TARP capital infusions in these 

items). Weighted average performance ratios were calculated for each group, as were weighted 

average noncurrent rates and gross charge-off rates (not net of recoveries) for major loan types. 

These summary tables allow comparison of growth, asset quality, performance and condition 

between groups based on size, whether or not they received TARP capital, and timing of receipt 

of TARP capital. 

Data were collected for five quarters, Q2 2008 through Q2 2009, and percent changes from the 

previous quarter were calculated for Q4 2008, Q1 2009, and Q2 2009. Data items were “mergeradjusted” to include institutions that had been acquired during the period from June 30, 2008, to 

June 30, 2009. 

Insured Institutions by Asset Size Category (as of Q2 2009) 

Entities 

in CPP 

Insured 

Institutions 

Less than 

$1 Billion 

$1 - $10 

Billion 

$10 - $100 

Billion 

More than 

$100 Billion 

I. Subsidiaries of Largest 

BHCs Receiving TARP 

Funds 21 65 8 17 24 16 

II. Independent Banks and 

Subsidiaries of Smaller 

Holding Companies 

Receiving TARP Funds in 

4Q 2008 193 293 156 112 25 0 

III. Independent Banks 

and Subsidiaries of 

Holding Companies 

Receiving TARP Funds in 

1Q 2009 318 363 289 69 5 0 

IV. Independent Banks 

and Subsidiaries of 

Holding Companies 

Receiving TARP Funds in 

2Q 2009 117 148 143 5 0 0 

V. Insured Institutions Not 

in Groups Receiving 

TARP Funds 7,326 6,907 375 41 3 

Total 649 8,195 7,503 578 95 19 

Source: FDIC Analysis of Call and Thrift Financial Report Data 
15 

                                                           

Section B: Consolidated Financial Statements for Bank Holding Companies (FR Y-9C 

Data) Analysis 

Many of Treasury’s investments through CPP have been made in bank holding companies, 

which own subsidiary depository institutions and may also own other permitted types of 

subsidiaries.10 Many institutions in CPP indicated their intention to “downstream” funds to their 

subsidiary depository institutions, which are the primary vehicles for financial intermediation 

and traditional lending activity. The activity of these depository subsidiaries is thus included in 

Call and Thrift Financial Report data, which are filed by individual depository institutions. 

The Y-9C Report captures consolidated financial information from bank holding companies. 

That is, the Y-9C Report captures not only the financial information of the subsidiary depository 

institution(s) owned by a bank holding company, but also the financial information of any other 

subsidiary owned by that bank holding company. Examples of other subsidiaries that may be 

owned by bank holding companies include broker dealers, insurance companies, finance 

companies, and asset management firms. This type of information is not captured in Call and 

Thrift Financial Report data. As a result, Y-9C data typically present a fuller picture of bankingrelated activity for the banking organizations required to file them than Call and Thrift Financial 

Report data. 

In order to examine the possible effects of CPP and other stabilization initiatives on a range of 

financial institutions, the interagency group chose to present Y-9C data in addition to Call and 

Thrift Financial Report data. However, the aggregated Y-9C data can be somewhat more 

volatile, particularly in this period of financial crisis, for multiple reasons. In some cases those 

bank holding companies with large non-depository subsidiaries were subject to greater or 

different market pressures. In addition, the population of reporting holding companies shifted 

significantly during this period as a noteworthy set of large financial firms chose to convert to 

bank holding company status between fourth quarter 2008 and first quarter 2009. Those 

institutions filed their first Y-9C reports in first quarter 2009, which resulted in large increases in 

line items from fourth quarter 2008 to first quarter 2009. The increases are most pronounced in 

Group I (the Top 21 CPP Participants). Four of the 21 institutions in Group I converted to bank 

holding companies in the fourth quarter of 2008.11 Similarly, two large financial firms in Group 

III (U.S. Top Tier Bank Holding Companies receiving TARP Funds in Q1 2009) converted to 

bank holding companies in the fourth quarter of 2008. Finally, two of the institutions in Group I 

10 Investments were made at the bank holding company level for all depository institutions owned by a bank holding 

company. Similarly, investments were made at the thrift holding company level for all depository institutions 

owned by a thrift holding company. Thrift holding companies are not required to file detailed consolidated financial 

reports. 

11 The Hartford, part of Treasury's Monthly Intermediation Snapshot "Top 22" reporting group, is a thrift holding 

company and does not file a Y-9C Report. 
16 

acquired large bank holding companies in Q4 2008. A merger adjustment has been made for 

those two institutions, but otherwise the data are not merger adjusted.12

Because the content of the Y-9C report closely follows that of the Call Report and Thrift 

Financial Report, the same line items that appear in the Call and Thrift Financial Report tables 

appear in the Y-9C data tables. For more detailed information on the data tables, see Appendix 

B: Note to Y-9C Data Users. 

The data tables are split into five groups which mirror the five reporting groups presented in the 

Call and Thrift Financial Report tables. The groups, which consist solely of top tier bank 

holding companies, are: 

Group Description 

Number of 

Institutions 

in Q2 2009 

Group I The 21 Largest CPP Participants (as of 

June 30, 2009) 

21 

Group II CPP Participants that were funded in 

Q4 2008 

126 

Group III CPP Participants that were funded in 

Q1 2009 

131 

Group IV CPP Participants that were funded in 

Q2 2009 

29 

Group V Non-CPP Participants (as of June 30, 

2009) 

718 

While percentage changes from Q3 2008 to Q4 2008 and Q4 2008 to Q1 2009 are presented for 

balance sheet items, these numbers should be used with caution for reasons discussed above. 

                                                           

12 The financial information for Wachovia Corporation (acquired by Wells Fargo & Company) and National City 

Corporation (acquired by PNC Financial Services Group) is included in the Q3 2008 figures for Group I. 
17 

Summary of Findings 

Note: All changes refer to the change between first quarter 2009 and second quarter 2009, 

unless otherwise noted. 

Selected Balance and Off-Balance Sheet Items

Overall Asset Growth 

Asset growth varied across groups. Groups I, II and V saw negative asset growth, while groups 

III and IV saw positive asset growth. Group V had the largest decrease in total assets (-2.4%). 

Group IV, which received CPP funds during Q2 2009, saw the largest growth in assets (2.0%). 

 

Loan Growth13

Three groups experienced negative growth in total loans (Groups I, II and V), and two groups 

experienced positive growth in total loan balances (Groups III and IV). Group IV, which 

received CPP funds during Q2 2009, experienced the highest growth in total loan balances 

(1.8%). 

Changes in outstanding loan balances by specific loan category varied both by loan category and 

group. In all groups, C&D loans and C&I loans decreased, and all groups except Group I 

experienced growth in home equity lines of credit (HELOCs). All other loan categories 

experienced mixed growth by group. 

Group I experienced negative growth across all loan categories. The largest decreases were in 

C&I loans (-5.1%) and C&D loans (-4.4%). Group V experienced negative loan growth across 

all categories except one (HELOCs). 

Groups II, III and IV experienced mixed growth across loan categories. Group II had positive 

growth in three categories (HELOCs, credit card loans, and CRE loans) and negative growth in 

four categories (C&D, mortgages, other consumer loans, and C&I loans). Group III had positive 

growth in four categories (mortgages, HELOCs, other consumer loans, and CRE loans) and 

negative growth in three categories (C&D, credit card loans, and C&I loans). Group IV had 

positive growth in five categories (mortgages, HELOCs, credit card loans, other consumer loans, 

and CRE loans) and negative growth in two categories (C&D and C&I loans). 

Closed-end Mortgage and Open-end HELOC Originations14

Closed-end mortgage originations (mortgages originated for sale and originations sold) increased 

in all groups except Group V. The largest increases were in Group IV (60.4% increase in 

mortgages originated for sale, 63.7% in originations sold). 

                                                           

13 All loan growth figures refer to the change in outstanding loan balances. 

14 Only Y-9C filers with assets over $1 billion or more than $10 million in mortgage origination for two consecutive 

quarters are required to report residential loans originated for sale (see Appendix B: Notes Y-9C Data Users). 
18 

All of the three groups (Groups I, II and V) that reported open-end HELOC originations in Q2 

2009 experienced increases in HELOCs originated for sale and decreases in HELOC originations 

sold. 

Securities on Balance Sheet 

Four groups experienced growth in mortgage-backed securities (MBS); two groups (Groups I 

and III) experienced moderate growth (11.1% and 5.9%, respectively) and two groups (Groups II 

and V) experienced slight growth (0.3% and 0.2%, respectively). Group IV was the only group 

to experience a decrease in MBS (-1.0%). Non-mortgage asset-backed securities (ABS) 

increased in all groups except Group II, where ABS decreased by 86.1%. The largest increase in 

ABS was in Group IV, which saw a 73.3% increase. Other securities15 increased in all groups 

except Group III, where other securities decreased (-14.7%).

Other Asset Growth 

Unused commitments decreased in all groups. Group IV had the largest percentage decrease (-

8.6%), while Group I had the smallest percentage decrease (-2.7%). Securitization outstanding 

principal decreased across all groups expect Group III (1.3%). Group V had the largest 

percentage decrease (-6.4%). Growth in cash & balances due was mixed. Groups I, II and V 

experienced decreases and Groups III and IV experienced increases. The largest increase was in 

Group III (36.0%) and the largest decrease was in Group I (-12.6%). 

Liabilities 

Total liabilities decreased in Groups I, II and V and increased in Groups III and IV. Group V 

had the largest decrease in total liabilities (-2.6%) and Group III had the largest increase in total 

liabilities (1.1%). Deposits grew in all groups except Group V, where deposits decreased 2.1%. 

Group III saw the largest growth in total deposits (3.0%). Other borrowed money decreased in 

all groups, with Group III experiencing the largest decrease (-19.3%). 

Equity 

As expected, growth in equity capital was strong in Q2 2009 for Group IV (14.7%) as those 

institutions received capital infusions via CPP in Q2 2009. Group II was the only group 

experiencing negative growth in total equity capital (-3.3%). 

Performance Ratios16

Capital Ratios 

All capital ratios increased in Groups I, IV and V. The largest increases were in Group IV, 

which received CPP capital in Q2. In Group III, the tier 1 leverage ratio decreased, but the tier 1 

risk-based capital ratio and the total risk-based capital ratio increased. In Group II, all three 

capital ratios decreased. In Q2 2009, Group III had the highest tier 1 leverage ratio (10.5%), and 

                                                           

15 Defined as Total securities less MBS and ABS. 

16 Performance ratios reflect weighted averages for each group (see Appendix B: Notes to Y-9C Data Users). 
19 

tier 1 risk-based capital ratio (13.1%) and Group I had the highest total risk based capital ratio 

(15.1%). Group V had the lowest capital ratios in both Q1 2009 and Q2 2009. 

Earnings Ratios 

Return on equity and return on assets were negative in all groups except Group I in Q2 2009. 

Group II experienced increases in both return on equity and return on assets in Q2 2009; Groups 

III and V experienced decreases in both return on equity and return on assets in Q2 2009. 

Net interest margins were positive for all groups in Q2 2009. Groups III and V both experienced 

increases in net interest margins, while net interest margins were flat from Q1 2009 to Q2 2009 

in groups I, II and IV. 

Loss Coverage Ratios 

Coverage ratios (allowance for loan and lease losses to noncurrent loans) decreased in all groups 

except Group IV, where the coverage ratio increased 0.3 percentage points. In Q2 2009, group I 

had the highest coverage ratio (69.1%). 

The ratio of loss provisions to net charge-offs (for the quarter) decreased in Groups I, III, and V, 

and increased in Groups II and IV. The largest increase was in Group IV (23.5 percentage 

points). In Q2 2009, Group I had the highest ratio of loss provisions to net charge-offs (149.9%). 

Net charge-offs to average loans and leases increased in all groups (the largest increase was in 

Group III). In Q2 2009, Group I had the highest ratio of net charge-offs to average loans and 

leases (2.8%) while Group IV had the lowest ratio of net charge-offs to average loans and leases 

(1.1%). 

Asset Quality: Noncurrent Loans 

Total noncurrent loans as a percentage of total loans increased across all groups. The largest 

increase in the ratio of total noncurrent loans to total loans was in Group I (0.7 percentage 

points). In Q2 2009, Group I had the highest ratio of total noncurrent loans to total loans (5.0%). 

Group I had the highest ratio of noncurrent loans to total loans in five loan categories 

(mortgages, HELOCs, credit card loans, C&I loans, and CRE loans), Group V had the highest 

ratio of noncurrent loans to total loans in two loan categories (C&D loans and other consumer 

loans). Group IV had the lowest ratio of noncurrent loans to total loans in four loan categories 

(C&D loans, mortgages, HELOCs, and credit card loans), and Group III and Group II had the 

lowest ratio of noncurrent loans to total loans in one category each (other consumer loans and 

CRE loans, respectively). 

Across all groups, the ratio of noncurrent loans to total loans increased in C&D loans and CRE 

loans. In mortgages and C&I loans, the ratio of noncurrent loans to total loans increased in all 

groups except in Group V (no change in mortgages) and in Group IV (decline in C&I). 
20 

Asset Quality: Gross Charge-offs 

Total charge-offs as a percentage of outstanding balances increased in all groups. In Q2 2009, 

Group I had the highest ratio of total charge-offs to total loans (0.8%), while Group IV had the 

lowest ratio of total charge-offs to total loans in Q2 2009 (0.4%). 

Across all groups, the ratio of charge-offs to total loans increased in all groups in C&I loans, and 

increased in all groups but one in C&D loans (Group IV) and CRE loans (Group V). The only 

decreases in the ratio of charge-offs to total loans were in credit card loans (Groups III & V) and 

other consumer loans (Groups II & III). In all groups except Group II, the ratio of gross chargeoffs to total loans was highest in credit card loans. 
Selected Balance Sheet and Off Balance Sheet items $ millions %chg from prev $ millions %chg from prev $ millions %chg from prev

Number of Institutions Reporting

Assets $9,557,630 ‐1.8% $11,225,532 17.5% $11,128,030 ‐0.9%

Loans $4,521,980 ‐3.1% $4,615,432 2.1% $4,515,984 ‐2.2%

Construction & development $194,790 ‐5.4% $188,233 ‐3.4% $179,946 ‐4.4%

Closed‐end 1‐4 family residential $1,169,954 ‐3.5% $1,196,790 2.3% $1,175,381 ‐1.8%

Home Equity $462,618 1.3% $475,274 2.7% $472,985 ‐0.5%

Credit Card $336,821 5.6% $311,810 ‐7.4% $308,823 ‐1.0%

Other Consumer $479,054 ‐4.8% $498,292 4.0% $486,545 ‐2.4%

Commercial & Industrial $961,573 ‐1.4% $947,774 ‐1.4% $899,134 ‐5.1%

Commercial Real Estate $323,510 0.8% $334,734 3.5% $331,834 ‐0.9%

Unused commi tments $5,124,379 ‐8.7% $4,959,633 ‐3.2% $4,826,991 ‐2.7%

Securi ti za tion outs tanding principal $2,726,241 1.5% $2,554,020 ‐6.3% $2,484,736 ‐2.7%

Mortgage‐backed securi ties (GSE and priva te i s s ue ) $751,940 3.7% $805,942 7.2% $895,168 11.1%

As set‐backed securi ties $140,643 ‐42.0% $140,293 ‐0.2% $152,057 8.4%

Other securi ties $352,033 12.0% $452,067 28.4% $463,836 2.6%

Ca s h & balances due $792,175 39.6% $873,977 10.3% $763,465 ‐12.6%

Residential mortgage origina tions

Closed‐end mortgage originated for sale (quarter) $160,052 ‐9.2% $279,797 74.8% $357,212 27.7%

Open‐end HELOC originated for sale (quarter) $3,927 53.4% $4,473 13.9% $5,288 18.2%

Closed‐end mortgage originations sold (quarter) $158,971 ‐16.6% $255,774 60.9% $333,907 30.5%

Open‐end HELOC originations sold (quarter) $2,535 ‐3.3% $4,262 68.2% $3,111 ‐27.0%

Liabilities $8,720,923 ‐2.8% $10,200,463 17.0% $10,084,892 ‐1.1%

Deposi ts $4,879,878 1.8% $4,836,860 ‐0.9% $4,890,147 1.1%

Other borrowed money $1,763,347 ‐6.6% $2,343,688 32.9% $2,182,492 ‐6.9%

Total equi ty capi tal a t qua rter end $824,390 10.8% $1,008,262 22.3% $1,022,590 1.4%

Stock sales and rela tedtransactions (during qua rter) $153,367 1876.7% $44,038 ‐71.3% $121,356 175.6%

Performance Ratios

Tier 1 leverage ra tio

Tier 1 ri sk based capi tal ra tio

Total ri sk based capi tal ra tio

Re turn on equity

1

Re turn on a s se ts 1

Net interes t ma rgin (FTE)1

Coverage ra tio (ALLL/Noncurrent loans)

Los s provi sion to net cha rge‐offs (qua rter)

Net cha rge‐offs to average loans and leases 1

Asset Quality (% of Total Loan Type)

Q4 2008 Q1 2009 Q2 2009 Q4 2008 Q1 2009 Q2 2009

Construction & development 7.7% 10.4% 13.4% 0.9% 0.9% 1.2%

Closed‐end 1‐4 family residential 6.4% 8.2% 9.3% 0.1% 0.4% 0.6%

Home equity 1.6% 1.9% 2.0% 0.4% 0.7% 0.9%

Credit card 3.1% 3.6% 4.0% 1.8% 2.4% 2.9%

Other consumer 1.5% 1.8% 1.9% 0.8% 1.2% 1.2%

Commercial & Industrial 1.9% 2.6% 3.3% 0.3% 0.5% 0.7%

Commercial real estate 1.6% 2.7% 3.7% 0.1% 0.1% 0.2%

Total loans 3.3% 4.3% 5.0% 0.4% 0.7% 0.8%

Source: Federal Reserve Board Analysis of Y‐9C Data

‐0.2% 0.5% 0.5%

2.3% 2.4% 2.4%

1

Quarterly, annualized.

Noncurrent Loans Gross Charge‐Offs

81.0% 72.6% 69.1%

177.3% 164.0% 149.9%

1.7% 2.5% 2.8%

‐2.0% 5.5% 5.5%

7.9% 7.3% 7.6%

10.2% 11.0% 11.4%

13.9% 14.6% 15.1%

Equity

Q4 2008 Q1 2009 Q2 2009

I. 21 Largest BHCs Receiving CPP Funds to Date

Q4 2008 Q1 2009 Q2 2009

21 21 21

21 
Selected Balance Sheet and Off Balance Sheet items $ millions %chg from prev $ millions %chg from prev $ millions %chg from prev

Number of Institutions Reporting

Assets $814,248 1.8% $815,352 0.1% $803,998 ‐1.4%

Loans $585,716 ‐0.4% $583,962 ‐0.3% $577,798 ‐1.1%

Construction & development $88,773 ‐3.7% $86,702 ‐2.3% $81,223 ‐6.3%

Closed‐end 1‐4 family residential $97,518 ‐1.1% $98,924 1.4% $98,449 ‐0.5%

Home Equity $39,813 3.7% $40,888 2.7% $41,306 1.0%

Credit Card $2,060 0.1% $1,992 ‐3.3% $2,031 2.0%

Other Consumer $30,652 ‐3.7% $28,888 ‐5.8% $27,951 ‐3.2%

Commercial & Industrial $119,469 ‐0.7% $116,993 ‐2.1% $113,645 ‐2.9%

Commercial Real Estate $156,019 2.1% $159,091 2.0% $161,813 1.7%

Unused commi tments $172,093 ‐4.4% $167,273 ‐2.8% $155,333 ‐7.1%

Securi ti za tion outs tanding principal $41,718 ‐8.2% $41,630 ‐0.2% $40,234 ‐3.4%

Mortgage‐backed securi ties (GSE and priva te i s s ue ) $80,003 11.7% $84,907 6.1% $85,186 0.3%

As set‐backed securi ties $3,077 ‐12.0% $3,065 ‐0.4% $427 ‐86.1%

Other securi ties $41,782 1.7% $39,304 ‐5.9% $43,214 9.9%

Ca s h & balances due $27,780 49.1% $32,265 16.1% $30,132 ‐6.6%

Residential mortgage origina tions

Closed‐end mortgage originated for sale (quarter) $6,189 ‐33.5% $15,094 143.9% $18,393 21.9%

Open‐end HELOC originated for sale (quarter) $41 35.0% $46 12.4% $46 2.1%

Closed‐end mortgage originations sold (quarter) $6,402 ‐45.4% $13,355 108.6% $17,123 28.2%

Open‐end HELOC originations sold (quarter) $357 2385.0% $19 ‐94.7% $14 ‐24.1%

Liabilities $725,382 0.2% $730,425 0.7% $721,846 ‐1.2%

Deposi ts $565,732 2.2% $584,292 3.3% $586,964 0.5%

Other borrowed money $80,293 ‐10.4% $71,100 ‐11.4% $64,396 ‐9.4%

Total equi ty capi tal a t qua rter end $88,250 17.0% $83,981 ‐4.8% $81,204 ‐3.3%

Stock sales and rela tedtransactions (during qua rter) $17,958 4143.9% $204 ‐98.9% $2,049 903.9%

Performance Ratios

Tier 1 leverage ra tio

Tier 1 ri sk based capi tal ra tio

Total ri sk based capi tal ra tio

Re turn on equity

1

Re turn on a s se ts 1

Net interes t ma rgin (FTE)1

Coverage ra tio (ALLL/Noncurrent loans)

Los s provi sion to net cha rge‐offs (qua rter)

Net cha rge‐offs to average loans and leases 1

Asset Quality (% of Total Loan Type)

Q4 2008 Q1 2009 Q2 2009 Q4 2008 Q1 2009 Q2 2009

Construction & development 8.9% 11.3% 12.8% 1.4% 1.3% 2.3%

Closed‐end 1‐4 family residential 2.8% 3.8% 4.4% 0.3% 0.3% 0.4%

Home equity 0.8% 1.0% 0.9% 0.3% 0.4% 0.4%

Credit card 2.5% 2.8% 2.7% 1.5% 1.7% 2.0%

Other consumer 0.6% 0.7% 0.8% 0.6% 1.0% 0.6%

Commercial & Industrial 1.6% 2.1% 2.6% 0.4% 0.6% 0.7%

Commercial real estate 1.4% 2.0% 2.5% 0.1% 0.1% 0.2%

Total loans 2.9% 3.6% 4.2% 0.5% 0.5% 0.7%

Source: Federal Reserve Board Analysis of Y‐9C Data

Noncurrent Loans Gross Charge‐Offs

66.9% 58.9% 58.5%

155.3% 143.5% 144.0%

1.2% 1.9% 2.3%

1

Quarterly, annualized.

‐0.4% ‐1.9% ‐1.7%

3.1% 3.1% 3.1%

14.2% 13.9% 13.6%

‐4.1% ‐18.8% ‐17.0%

9.9% 9.5% 9.3%

11.5% 11.3% 11.1%

Q4 2008 Q1 2009 Q2 2009

II. U.S. BHCs Receiving CPP Funds in 4th Quarter 2008

(excluding Top 21)

Q4 2008 Q1 2009 Q2 2009

123 127 126

Equity

22 
Selected Balance Sheet and Off Balance Sheet items $ millions %chg from prev $ millions %chg from prev $ millions %chg from prev

Number of Institutions Reporting

Assets $234,478 5.6% $291,244 24.2% $294,233 1.0%

Loans $170,285 4.6% $205,782 20.8% $207,036 0.6%

Construction & development $25,544 ‐0.9% $26,248 2.8% $25,562 ‐2.6%

Closed‐end 1‐4 family residential $34,064 3.0% $35,026 2.8% $35,642 1.8%

Home Equity $7,655 8.0% $8,087 5.6% $8,401 3.9%

Credit Card $272 1.2% $25,853 9394.9% $25,586 ‐1.0%

Other Consumer $8,710 0.3% $10,649 22.3% $10,765 1.1%

Commercial & Industrial $30,468 9.2% $32,185 5.6% $31,998 ‐0.6%

Commercial Real Estate $48,522 6.3% $51,596 6.3% $53,245 3.2%

Unused commi tments $36,528 ‐2.7% $224,297 514.0% $214,679 ‐4.3%

Securi ti za tion outs tanding principal $598 0.2% $23,289 3793.4% $23,586 1.3%

Mortgage‐backed securi ties (GSE and priva te i s s ue ) $23,605 9.0% $25,170 6.6% $26,662 5.9%

As set‐backed securi ties $107 30.6% $1,330 1145.9% $1,561 17.4%

Other securi ties $17,024 3.2% $27,173 59.6% $23,177 ‐14.7%

Ca s h & balances due $7,785 58.3% $11,540 48.2% $15,696 36.0%

Residential mortgage origina tions

Closed‐end mortgage originated for sale (quarter) $5,076 12.3% $9,787 92.8% $12,751 30.3%

Open‐end HELOC originated for sale (quarter) n/a n/a n/a n/a n/a n/a

Closed‐end mortgage originations sold (quarter) $4,841 4.2% $9,215 90.3% $12,273 33.2%

Open‐end HELOC originations sold (quarter) n/a n/a n/a n/a n/a n/a

Liabilities $215,946 5.9% $259,887 20.3% $262,872 1.1%

Deposi ts $176,292 6.2% $213,590 21.2% $220,006 3.0%

Other borrowed money $21,204 2.5% $25,829 21.8% $20,853 ‐19.3%

Total equi ty capi tal a t qua rter end $18,443 2.2% $31,305 69.7% $31,309 0.0%

Stock sales and rela tedtransactions (during qua rter) $140 70.8% $6,035 4204.5% $1,165 ‐80.7%

Performance Ratios

Tier 1 leverage ra tio

Tier 1 ri sk based capi tal ra tio

Total ri sk based capi tal ra tio

Re turn on equity

1

Re turn on a s se ts 1

Net interes t ma rgin (FTE)1

Coverage ra tio (ALLL/Noncurrent loans)

Los s provi sion to net cha rge‐offs (qua rter)

Net cha rge‐offs to average loans and leases 1

Asset Quality (% of Total Loan Type)

Q4 2008 Q1 2009 Q2 2009 Q4 2008 Q1 2009 Q2 2009

Construction & development 8.0% 8.5% 11.7% 1.2% 0.7% 1.2%

Closed‐end 1‐4 family residential 3.1% 3.6% 4.3% 0.2% 0.1% 0.1%

Home equity 0.6% 1.1% 1.1% 0.3% 0.1% 0.2%

Credit card 1.1% 6.5% 3.1% 1.4% 3.9% 2.3%

Other consumer 0.8% 0.7% 0.7% 0.8% 0.8% 0.7%

Commercial & Industrial 1.7% 2.9% 3.2% 0.3% 0.3% 0.8%

Commercial real estate 1.7% 2.1% 2.6% 0.1% 0.1% 0.2%

Total loans 2.9% 3.6% 4.1% 0.4% 0.5% 0.7%

Source: Federal Reserve Board Analysis of Y‐9C Data

Noncurrent Loans Gross Charge‐Offs

56.3% 73.8% 64.8%

159.3% 180.2% 149.2%

0.8% 1.7% 2.2%

1

Quarterly, annualized.

0.0% 0.1% ‐0.1%

3.1% 3.3% 3.4%

11.4% 14.3% 14.7%

0.4% 0.5% ‐0.5%

7.9% 10.8% 10.5%

9.7% 12.7% 13.1%

Q4 2008 Q1 2009 Q2 2009

III. U.S. BHCs Receiving CPP Funds in 1st Quarter 2009

(excludes Top 21)

Q4 2008 Q1 2009 Q2 2009

118 131 131

Equity

23 
Selected Balance Sheet and Off Balance Sheet items $ millions %chg from prev $ millions %chg from prev $ millions %chg from prev

Number of Institutions Reporting

Assets $27,874 5.5% $28,707 3.0% $29,279 2.0%

Loans $21,522 5.0% $21,925 1.9% $22,313 1.8%

Construction & development $3,650 0.8% $3,578 ‐2.0% $3,318 ‐7.3%

Closed‐end 1‐4 family residential $3,447 9.6% $3,659 6.1% $3,861 5.5%

Home Equity $1,299 10.1% $1,369 5.4% $1,384 1.1%

Credit Card $7 1.5% $7 ‐7.5% $7 5.1%

Other Consumer $434 4.5% $407 ‐6.3% $445 9.3%

Commercial & Industrial $3,160 3.3% $3,116 ‐1.4% $3,107 ‐0.3%

Commercial Real Estate $7,430 5.4% $7,692 3.5% $8,020 4.3%

Unused commi tments $4,091 ‐6.8% $3,895 ‐4.8% $3,559 ‐8.6%

Securi ti za tion outs tanding principal $139 ‐1.4% $135 ‐2.6% $132 ‐1.8%

Mortgage‐backed securi ties (GSE and priva te i s s ue ) $1,939 9.8% $1,927 ‐0.6% $1,907 ‐1.0%

As set‐backed securi ties $8 32.6% $11 42.1% $19 73.3%

Other securi ties $1,708 3.7% $1,837 7.5% $1,909 3.9%

Ca s h & balances due $913 23.4% $1,030 12.9% $1,214 17.8%

Residential mortgage origina tions

Closed‐end mortgage originated for sale (quarter) $339 17.7% $1,234 264.3% $1,980 60.4%

Open‐end HELOC originated for sale (quarter) n/a n/a n/a n/a n/a n/a

Closed‐end mortgage originations sold (quarter) $310 5.7% $1,115 259.3% $1,825 63.7%

Open‐end HELOC originations sold (quarter) n/a n/a n/a n/a n/a n/a

Liabilities $25,642 5.7% $26,445 3.1% $26,696 0.9%

Deposi ts $21,869 5.7% $22,831 4.4% $22,979 0.7%

Other borrowed money $2,483 12.3% $2,377 ‐4.3% $2,195 ‐7.6%

Total equi ty capi tal a t qua rter end $2,162 3.4% $2,191 1.3% $2,512 14.7%

Stock sales and rela tedtransactions (during qua rter) $21 901.7% $8 ‐63.3% $288 3664.8%

Performance Ratios

Tier 1 leverage ra tio

Tier 1 ri sk based capi tal ra tio

Total ri sk based capi tal ra tio

Re turn on equity

1

Re turn on a s se ts 1

Net interes t ma rgin (FTE)1

Coverage ra tio (ALLL/Noncurrent loans)

Los s provi sion to net cha rge‐offs (qua rter)

Net cha rge‐offs to average loans and leases 1

Asset Quality (% of Total Loan Type)

Q4 2008 Q1 2009 Q2 2009 Q4 2008 Q1 2009 Q2 2009

Construction & development 7.5% 8.6% 9.2% 1.1% 0.7% 0.7%

Closed‐end 1‐4 family residential 2.6% 3.0% 3.8% 0.3% 0.2% 0.2%

Home equity 0.6% 0.7% 0.8% 0.2% 0.1% 0.1%

Credit card 0.3% 0.6% 0.3% 2.7% 1.2% 3.0%

Other consumer 1.1% 1.0% 0.8% 0.8% 0.3% 0.4%

Commercial & Industrial 1.9% 2.7% 2.5% 0.6% 0.3% 0.7%

Commercial real estate 2.2% 2.8% 3.4% 0.1% 0.1% 0.2%

Total loans 2.9% 3.5% 3.9% 0.4% 0.3% 0.4%

Source: Federal Reserve Board Analysis of Y‐9C Data

Noncurrent Loans Gross Charge‐Offs

50.7% 42.3% 42.6%

130.1% 111.2% 134.7%

0.9% 0.9% 1.1%

1

Quarterly, annualized.

0.1% ‐0.3% ‐0.3%

3.4% 3.3% 3.3%

11.7% 11.9% 14.3%

1.2% ‐3.6% ‐3.7%

8.4% 8.3% 9.8%

10.0% 10.1% 12.1%

Q4 2008 Q1 2009 Q2 2009

IV. U.S. BHCs Receiving CPP Funds in 2nd Quarter 2009

Q4 2008 Q1 2009 Q2 2009

27 28 29

Equity

24 
Selected Balance Sheet and Off Balance Sheet items $ millions %chg from prev $ millions %chg from prev $ millions %chg from prev

Number of Institutions Reporting

Assets $3,522,549 ‐14.8% $3,514,113 ‐0.2% $3,430,762 ‐2.4%

Loans $1,578,142 ‐1.1% $1,560,244 ‐1.1% $1,508,376 ‐3.3%

Construction & development $160,769 ‐3.0% $157,461 ‐2.1% $144,623 ‐8.2%

Closed‐end 1‐4 family residential $361,451 ‐2.6% $360,634 ‐0.2% $346,828 ‐3.8%

Home Equity $78,946 5.1% $81,487 3.2% $82,062 0.7%

Credit Card $69,242 ‐0.8% $63,881 ‐7.7% $61,716 ‐3.4%

Other Consumer $124,090 ‐1.3% $122,070 ‐1.6% $116,445 ‐4.6%

Commercial & Industrial $247,424 ‐0.3% $240,433 ‐2.8% $233,344 ‐2.9%

Commercial Real Estate $321,352 1.8% $329,995 2.7% $315,759 ‐4.3%

Unused commi tments $670,221 ‐10.0% $652,600 ‐2.6% $621,392 ‐4.8%

Securi ti za tion outs tanding principal $75,786 ‐13.0% $71,933 ‐5.1% $67,355 ‐6.4%

Mortgage‐backed securi ties (GSE and priva te i s s ue ) $267,901 ‐2.6% $268,164 0.1% $268,815 0.2%

As set‐backed securi ties $24,275 ‐13.5% $25,022 3.1% $26,695 6.7%

Other securi ties $334,506 5.0% $333,520 ‐0.3% $362,831 8.8%

Ca s h & balances due $252,255 59.0% $204,535 ‐18.9% $190,127 ‐7.0%

Residential mortgage origina tions $31,122 ‐0.9% $58,723 88.7% $45,218 ‐23.0%

Closed‐end mortgage originated for sale (quarter) $82 ‐42.6% $24 ‐71.2% $25 6.6%

Open‐end HELOC originated for sale (quarter) $38,294 12.0% $54,586 42.5% $47,679 ‐12.7%

Closed‐end mortgage originations sold (quarter) $4 ‐64.5% $325 8164.3% $47 ‐85.4%

Open‐end HELOC originations sold (quarter)

Liabilities $3,274,895 ‐15.4% $3,257,546 ‐0.5% $3,173,535 ‐2.6%

Deposi ts $1,506,038 4.8% $1,513,493 0.5% $1,481,425 ‐2.1%

Other borrowed money $574,181 ‐5.1% $534,845 ‐6.9% $505,502 ‐5.5%

Total equi ty capi tal a t qua rter end $238,783 ‐6.1% $247,749 3.8% $248,330 0.2%

Stock sales and rela tedtransactions (during qua rter) $7,367 161.3% $3,690 ‐49.9% $3,857 4.5%

Performance Ratios

Tier 1 leverage ra tio

Tier 1 ri sk based capi tal ra tio

Total ri sk based capi tal ra tio

Re turn on equity

1

Re turn on a s se ts 1

Net interes t ma rgin (FTE)1

Coverage ra tio (ALLL/Noncurrent loans)

Los s provi sion to net cha rge‐offs (qua rter)

Net cha rge‐offs to average loans and leases 1

Asset Quality (% of Total Loan Type)

Q4 2008 Q1 2009 Q2 2009 Q4 2008 Q1 2009 Q2 2009

Construction & development 10.4% 12.6% 14.2% 1.4% 0.8% 1.3%

Closed‐end 1‐4 family residential 3.7% 4.7% 4.7% 0.4% 0.4% 0.5%

Home equity 1.2% 1.4% 1.3% 0.4% 0.4% 0.4%

Credit card 3.4% 3.8% 3.8% 2.1% 2.9% 2.8%

Other consumer 3.2% 2.6% 2.6% 1.1% 1.1% 1.6%

Commercial & Industrial 1.3% 1.7% 1.9% 0.4% 0.3% 0.4%

Commercial real estate 1.7% 2.1% 2.6% 0.1% 0.1% 0.1%

Total loans 3.1% 3.7% 4.0% 0.5% 0.5% 0.6%

Source: Federal Reserve Board Analysis of Y‐9C Data

Noncurrent Loans Gross Charge‐Offs

75.3% 69.2% 67.5%

141.5% 146.6% 131.9%

1.6% 1.8% 2.1%

1

Quarterly, annualized.

‐0.3% 0.0% ‐0.5%

2.6% 2.5% 2.6%

9.7% 10.1% 10.2%

‐4.8% 0.1% ‐7.1%

4.4% 4.9% 5.1%

7.9% 8.3% 8.4%

Q4 2008 Q1 2009 Q2 2009

V. U.S. Top Tier BHCs Not Receiving CPP Funds

Q4 2008 Q1 2009 Q2 2009

688 726 718

Equity

25 
26 

                                                           

Appendix B: Notes to Y-9C Data Users 

• Data are from the Consolidated Financial Statements for Bank Holding Companies Y-9C 

Report Form. Only top tier holding companies with $500 million or more in consolidated 

assets are required to file Y-9C Reports.17

• GMAC is excluded from all groups as GMAC received TARP funds under the 

Automotive Industry Financing Program. 

• Generally, data are not adjusted to reflect subsequent mergers between bank holding 

companies, which can contribute to shifts in reporting populations after the date of the 

merger. The data are only adjusted to reflect the acquisition of Wachovia Corporation 

(acquired by Wells Fargo & Company) and National City Corporation (acquired by PNC 

Financial Services Group) in Q4 2008. 

• Unused commitments include home equity lines, credit card lines, securities 

underwriting, other unused commitments and unused commitments (unsecured and 

secured by real estate) to fund commercial real estate, construction, and land 

development. 

• Securitization outstanding principal includes the principal balance of assets sold and 

securitized with servicing retained or with recourse or other seller-provided credit 

enhancements. 

• Residential Mortgage Origination data comes from schedule HC-P of the Y-9C which is 

completed only by bank holding companies with $1,000,000,000 or more in total assets; 

and by bank holding companies with less than $1,000,000,000 in total assets with 1-4 

family mortgage originations and purchases for resale exceeding $10,000,000 two 

quarters in a row. 

• Stock sales and related transactions equals the sale of perpetual preferred and common 

stock net of conversion or retirement of like stock plus sale of treasury stock net of 

purchase adjusted to provide quarterly figures. 

• Weighted average performance ratios were calculated for each group. 

• The ratios ROE, ROA, net interest margin, net charge-offs to average loans are 

annualized. 

17 In some cases, “BHCs meeting certain criteria may be required to file this report, regardless of size. However, 

when such BHCs own or control, or are owned or controlled by, other BHCs, only top-tier holding companies must 

file this report for the consolidated holding company organization.” See The Federal Reserve Board’s “Reporting 

Forms” page for more detailed information (http://federalreserve.gov/reportforms/default.cfm). 
27 

• Coverage ratio equals the allowance for loan and lease losses as a percentage of 

nonaccrual loans or loans past due 90 or more days and still accruing. 

• Gross charge-off rates use average of period end assets for denominator and are adjusted 

to provide quarterly figures. 

Source: Federal Reserve Board Analysis of Y-9C Data