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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
1

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.

2

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

Group

Description

Subsidiaries of the 21 Largest CPP
Participants (as of June 30, 2009)
Group II Subsidiaries of CPP Participants that
were funded in Q4 2008
Group III Subsidiaries of CPP Participants that
were funded in Q1 2009
Group IV Subsidiaries of CPP Participants that
were funded in Q2 2009
Group V Non CPP Participants (as of June 30,
2009)
Group I

Number of
CPP
participants

Number of
Insured
institutions

Average asset size
of insured
institution
(billions)

21

65

$126.6

193

293

$3.0

318

363

$1.0

117

148

$0.3

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 Growth 3
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.

3

Closed-end Mortgage and Open-end HELOC Originations 4
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 securities 5 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 borrowings 6 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 advances).
                                                            
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.

4

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 Ratios 7
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).

5

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
6

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.

7

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

Institution Count
65

Q4 2008
Selected balance and off‐balance sheet items

$ mi l l i ons

TARP CPP Funds Disbursed
$171,385 

Q1 2009

%chg from prev

$ mi l l i ons

Q2 2009

%chg from prev

$ mi l l i ons

%chg from prev

Assets
Loa ns
Construction & development
Closed‐end 1‐4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate

$8,751,111
$4,472,408
$197,424
$1,144,270
$476,003
$339,533
$372,969
$975,281
$323,263

1.6%
‐3.1%
‐4.7%
‐4.7%
1.6%
6.2%
‐5.2%
‐1.1%
0.8%

$8,415,857
$4,352,073
$188,939
$1,145,935
$479,653
$292,775
$376,248
$928,550
$324,738

‐3.8%
‐2.7%
‐4.3%
0.1%
0.8%
‐13.8%
0.9%
‐4.8%
0.5%

$8,228,132
$4,281,083
$179,716
$1,127,106
$475,957
$290,482
$377,664
$871,622
$324,631

‐2.2%
‐1.6%
‐4.9%
‐1.6%
‐0.8%
‐0.8%
0.4%
‐6.1%
0.0%

Unus ed commi tments
Securi ti za ti on outs ta ndi ng pri nci pa l
Mortga ge‐ba cked s ecuri ti es  (GSE a nd pri va te i s s ue)
As s et‐ba cked s ecuri ti es
Other s ecuri ti es
Ca s h & ba l ances  due

$5,397,631
$1,813,493
$746,093
$110,864
$265,515
$817,558

‐8.1%
1.1%
2.3%
‐41.4%
15.5%
45.3%

$4,942,874
$1,790,264
$767,268
$119,931
$364,149
$766,958

‐8.4%
‐1.3%
2.8%
8.2%
37.1%
‐6.2%

$4,734,197
$1,773,139
$820,473
$123,555
$416,270
$647,961

‐4.2%
‐1.0%
6.9%
3.0%
14.3%
‐15.5%

$162,765
$5,678
$164,276
$4,316

‐5.1%
69.3%
‐16.2%
28.6%

$265,854
$6,214
$260,358
$6,324

63.3%
9.4%
58.5%
46.5%

$414,322
$6,726
$391,580
$4,824

55.8%
8.3%
50.4%
‐23.7%

$7,973,972
$5,340,946
$1,077,990
$384,257

1.9%
3.1%
‐4.9%
‐19.0%

$7,562,647
$5,182,007
$999,136
$332,595

‐5.2%
‐3.0%
‐7.3%
‐13.4%

$7,351,527
$5,235,105
$825,678
$291,858

‐2.8%
1.0%
‐17.4%
‐12.2%

$777,138

‐1.4%

$839,141

8.0%

$862,523

2.8%

$60,219

176.1%

$49,171

‐18.3%

$15,672

‐68.1%

Res i denti al  mortgage ori gi na ti ons  
Closed‐end mortgage originated for sale (quarter) 
Open‐end HELOC originated for sale (quarter)
Closed‐end mortgage originations sold (quarter) 
Open‐end HELOC originations sold (quarter)
Liabilities
Depos i ts
Tota l  other borrowi ngs
FHLB advances
Equity
Equi ty ca pi tal  a t qua rter end
Stock s a l es  and tra ns a cti ons  wi th parent hol di ng compa ny 
duri ng qua rter

Performance Ratios

Q4 2008

Q1 2009

Q2 2009

6.8%
9.1%
12.6%

7.5%
10.0%
13.3%

7.8%
10.4%
13.7%

1

‐8.8%

5.8%

0.5%

1

‐0.8%

0.5%

0.1%

3.3%
82.3%
194.2%

3.4%
72.0%
165.7%

3.5%
69.5%
140.1%

2.1%

2.4%

3.0%

Ti er 1 l evera ge ra ti o
Ti er 1 ri s k bas ed capi ta l  rati o
Tota l  ri s k ba s ed ca pi tal  ra ti o
Return on equi ty

Return on a s s ets

1

Net i nteres t margi n
Coverage ra ti o {(ALLL+Al l oc tra ns fer ri s k)/Noncurrent l oa ns )}
Los s  provi s i on to net charge‐offs  (qtr)
Net charge‐offs  to a verage loans  a nd l ea s es
1

1

Quarterly, annualized. 

Asset Quality (% of Total Loan Type)
Construction & development
Closed‐end 1‐4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Total loans

Q2 2009
 Insured Institutions by Asset Size
Source: FDIC Analysis of Call and Thrift Financial Report Data

Q4 2008
7.8%
6.1%
1.9%
2.8%
1.6%
1.8%
1.5%
3.1%

Noncurrent Loans
Q1 2009
10.4%
8.1%
2.3%
3.7%
1.8%
2.4%
2.4%
4.2%

Q2 2009
13.7%
9.2%
2.0%
3.8%
1.9%
3.1%
3.5%
4.8%

Less than $1 
Billion
8

Q4 2008
1.3%
0.3%
0.5%
1.7%
0.9%
0.5%
0.2%
0.5%

$1 ‐ $10 Billion
17

Gross Charge‐Offs
Q1 2009
0.8%
0.4%
0.7%
2.2%
1.0%
0.5%
0.1%
0.6%

$10 ‐ $100 
Billion
24

Q2 2009
1.2%
0.6%
0.9%
2.9%
1.1%
0.7%
0.2%
0.8%

More than 
$100 Billion
16

Notes:
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.

8

II. Independent Banks and Subsidiaries of Holding Companies Receiving TARP Capital in Q4 2008
(excludes Top 21 BHCs)
Entities in CPP
193

Institution Count
293

Q4 2008
Selected balance and off‐balance sheet items
Assets
Loa ns
Construction & development
Closed‐end 1‐4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Unus ed commi tments
Securi ti za ti on outs tandi ng pri nci pa l
Mortgage‐ba cked s ecuri ti es  (GSE a nd pri va te i ss ue)
As s et‐ba cked s ecuriti es
Other securi ti es
Ca s h & ba l a nces  due

TARP CPP Funds Disbursed
$19,543 

Q1 2009

$ mi l l i ons
%chg from prev
$895,420
2.5%
$647,684
0.3%
$97,361
‐4.7%
$118,078
‐0.3%
$43,264
4.4%
$2,095
0.0%
$30,140
‐2.5%
$126,462
0.9%
$170,246
2.6%

Q2 2009

$ mil l i ons
%chg from prev
$891,673
‐0.4%
$640,409
‐1.1%
$93,800
‐3.7%
$118,356
0.2%
$44,140
2.0%
$2,025
‐3.3%
$28,334
‐6.0%
$122,776
‐2.9%
$172,019
1.0%

$ mi l l i ons
%chg from prev
$880,708
‐1.2%
$633,418
‐1.1%
$87,594
‐6.6%
$117,596
‐0.6%
$44,681
1.2%
$2,060
1.8%
$27,285
‐3.7%
$119,468
‐2.7%
$174,608
1.5%

Liabilities
Deposi ts
Tota l  other borrowi ngs
FHLB adva nces
Equity
Equi ty ca pi ta l  a t quarter end
Stock s a l es  a nd tra ns a cti ons  wi th pa rent hol ding compa ny 
duri ng qua rter

Performance Ratios

‐4.4%
2.5%
12.4%
‐16.0%
4.9%
44.4%

$176,252
$41,663
$96,179
$2,862
$42,114
$34,646

‐3.0%
‐0.2%
5.4%
‐2.4%
‐4.1%
14.5%

$163,181
$40,454
$97,480
$458
$45,627
$32,910

‐7.4%
‐2.9%
1.4%
‐84.0%
8.3%
‐5.0%

$6,439
$41
$6,114
$20

‐31.3%
35.7%
‐47.7%
34.4%

$15,598
$46
$13,864
$19

142.2%
12.4%
126.7%
‐3.7%

$18,692
$46
$17,393
$14

19.8%
2.1%
25.5%
‐24.1%

$801,240
$636,137
$91,067
$69,654

Res i denti a l  mortga ge ori gi na ti ons  
Closed‐end mortgage originated for sale (quarter) 
Open‐end HELOC originated for sale (quarter)
Closed‐end mortgage originations sold (quarter) 
Open‐end HELOC originations sold (quarter)

$181,622
$41,752
$91,222
$2,933
$43,912
$30,245

2.0%
3.9%
‐7.8%
‐14.1%

$798,916
$649,017
$79,334
$58,858

‐0.3%
2.0%
‐12.9%
‐15.5%

$789,336
$650,852
$73,791
$55,979

‐1.2%
0.3%
‐7.0%
‐4.9%

$94,180

6.0%

$91,831

‐2.5%

$90,454

‐1.5%

$9,539

1099.8%

$1,510

‐84.2%

$1,440

‐4.7%

Q4 2008

Ti er 1 levera ge ra ti o
Ti er 1 ri s k ba s ed ca pi ta l  ra ti o
Tota l  ri s k ba s ed ca pi ta l  ra ti o

Q1 2009

Q2 2009

8.5%
10.1%
12.3%

8.4%
10.2%
12.4%

8.3%
10.2%
12.3%

1

‐17.1%

‐15.8%

‐10.1%

1

‐1.8%

‐1.6%

‐1.0%

3.5%
66.6%
170.0%

3.4%
59.5%
143.4%

3.4%
57.8%
138.4%

1.8%

1.8%

2.5%

Return on equi ty

Return on a s s ets

1

Net i nteres t ma rgi n
Coverage ra ti o {(ALLL+Al l oc tra ns fer ri s k)/Noncurrent l oa ns )}
Los s  provi s i on to net cha rge‐offs  (qtr)
Net cha rge‐offs  to avera ge l oa ns  a nd l ea s es
1

1

Quarterly, annualized. 

Asset Quality (% of Total Loan Type)
Construction & development
Closed‐end 1‐4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Total loans

Q2 2009
 Insured Institutions by Asset Size
Source: FDIC Analysis of Call and Thrift Financial Report Data

Q4 2008
9.0%
2.5%
0.8%
2.5%
0.7%
1.6%
1.4%
2.8%

Noncurrent Loans
Q1 2009
11.1%
3.4%
1.0%
2.8%
0.8%
2.1%
2.0%
3.4%

Q2 2009
12.9%
4.0%
0.9%
2.7%
0.9%
2.5%
2.4%
4.0%

Less than $1 
Billion
156

Q4 2008
1.4%
0.2%
0.3%
1.5%
0.6%
0.5%
0.1%
0.5%

$1 ‐ $10 Billion
112

Gross Charge‐Offs
Q1 2009
1.2%
0.2%
0.3%
1.7%
0.9%
0.6%
0.1%
0.5%

$10 ‐ $100 
Billion
25

Q2 2009
2.2%
0.3%
0.4%
2.0%
0.6%
0.7%
0.2%
0.7%

More than 
$100 Billion
0

 
9

III. Independent Banks and Subsidiaries of Holding Companies Receiving TARP Capital in Q1 2009
(excludes Top 21 BHCs)
Entities in CPP
318

Institution Count
363

Q4 2008
Selected balance and off‐balance sheet items
Assets
Loa ns
Construction & development
Closed‐end 1‐4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Unus ed commi tments
Securi ti za ti on outs tandi ng pri nci pa l
Mortgage‐ba cked s ecuri ti es  (GSE a nd pri va te i s s ue)
As s et‐ba cked s ecuriti es
Other securi ti es
Ca s h & ba l a nces  due

TARP CPP Funds Disbursed
$7,841 

Q1 2009

$ mi l l i ons
%chg from prev
$355,248
3.2%
$264,338
3.7%
$34,392
‐1.6%
$53,912
0.0%
$10,963
5.0%
$27,331
32.0%
$11,750
0.2%
$39,957
2.3%
$65,391
3.8%

Q2 2009

$ mil l i ons
%chg from prev
$367,596
3.5%
$265,770
0.5%
$33,504
‐2.6%
$56,119
4.1%
$11,230
2.4%
$25,882
‐5.3%
$12,001
2.1%
$39,721
‐0.6%
$66,696
2.0%

$ mi l l i ons
%chg from prev
$367,574
0.0%
$263,775
‐0.8%
$31,758
‐5.2%
$55,374
‐1.3%
$11,495
2.4%
$25,613
‐1.0%
$12,016
0.1%
$39,145
‐1.4%
$68,074
2.1%

Liabilities
Deposi ts
Tota l  other borrowi ngs
FHLB adva nces
Equity
Equi ty ca pi ta l  a t quarter end
Stock s a l es  a nd tra ns a cti ons  wi th pa rent hol ding compa ny 
duri ng qua rter

Performance Ratios

‐3.9%
‐17.4%
8.6%
14.2%
‐2.8%
12.7%

$238,183
$22,673
$32,757
$1,071
$27,937
$14,730

‐6.3%
‐3.1%
7.9%
15.6%
37.0%
‐10.6%

$224,934
$22,938
$33,999
$1,304
$23,938
$19,393

‐5.6%
1.2%
3.8%
21.7%
‐14.3%
31.7%

$5,265
$0
$5,045
$0

9.4%
‐100.0%
2.1%
36.4%

$9,857
$0
$9,277
$0

87.2%
n/a
83.9%
‐100.0%

$12,747
$0
$12,275
$0

29.3%
n/a
32.3%
n/a

$323,096
$268,115
$34,784
$31,636

Res i denti a l  mortga ge ori gi na ti ons  
Closed‐end mortgage originated for sale (quarter) 
Open‐end HELOC originated for sale (quarter)
Closed‐end mortgage originations sold (quarter) 
Open‐end HELOC originations sold (quarter)

$254,087
$23,410
$30,361
$927
$20,385
$16,480

3.6%
3.5%
2.5%
‐0.9%

$330,278
$275,583
$35,515
$29,154

2.2%
2.8%
2.1%
‐7.8%

$329,861
$279,412
$30,058
$27,101

‐0.1%
1.4%
‐15.4%
‐7.0%

$32,152

‐1.1%

$37,090

15.4%

$37,484

1.1%

$470

‐17.4%

$5,329

1033.6%

$993

‐81.4%

Q4 2008

Ti er 1 levera ge ra ti o
Ti er 1 ri s k ba s ed ca pi ta l  ra ti o
Tota l  ri s k ba s ed ca pi ta l  ra ti o

Q2 2009

Q1 2009
8.2%
10.0%
11.3%

9.3%
11.5%
12.8%

1

‐13.6%

‐1.4%

‐3.5%

1

‐1.3%

‐0.1%

‐0.4%

3.7%
72.0%
201.6%

3.6%
68.6%
176.8%

3.7%
62.3%
128.1%

1.9%

1.6%

2.6%

Return on equi ty

Return on a s s ets

1

Net i nteres t ma rgi n
Coverage ra ti o {(ALLL+Al l oc tra ns fer ri s k)/Noncurrent l oa ns )}
Los s  provi s i on to net cha rge‐offs  (qtr)
Net cha rge‐offs  to avera ge l oa ns  a nd l ea s es
1

1

9.3%
12.0%
13.4%

Quarterly, annualized. 
Noncurrent Loans

Asset Quality (% of Total Loan Type)
Construction & development
Closed‐end 1‐4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Total loans

Q2 2009
 Insured Institutions by Asset Size
Source: FDIC Analysis of Call and Thrift Financial Report Data

Q4 2008
8.2%
3.1%
0.8%
2.7%
0.9%
1.6%
1.7%
2.8%

Q1 2009
8.6%
3.6%
1.1%
3.3%
0.9%
2.6%
2.1%
3.4%

Gross Charge‐Offs
Q2 2009
11.4%
4.2%
1.1%
3.1%
0.9%
2.9%
2.7%
4.0%

Less than $1 
Billion
289

Q4 2008
1.2%
0.2%
0.2%
1.5%
0.7%
0.4%
0.1%
0.5%

$1 ‐ $10 Billion
69

Q1 2009
0.7%
0.2%
0.2%
1.9%
0.7%
0.3%
0.1%
0.4%

$10 ‐ $100 
Billion
5

Q2 2009
1.1%
0.2%
0.2%
2.3%
0.7%
0.8%
0.2%
0.7%

More than 
$100 Billion

 
10

IV. Independent Banks and Subsidiaries of Holding Companies Receiving TARP Capital in Q2 2009
Entities in CPP
117

Institution Count
148

Q4 2008
Selected balance and off‐balance sheet items
Assets
Loa ns
Construction & development
Closed‐end 1‐4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate

$ mi l l i ons

TARP CPP Funds Disbursed
$4,424 

Q1 2009

%chg from prev

$ mil l i ons

Q2 2009

%chg from prev

$ mi l l i ons

%chg from prev

$46,424
$35,772
$5,860
$6,526
$1,976
$14
$718
$5,469
$11,891

Res i denti a l  mortga ge ori gi na ti ons  
Closed‐end mortgage originated for sale (quarter) 
Open‐end HELOC originated for sale (quarter)
Closed‐end mortgage originations sold (quarter) 
Open‐end HELOC originations sold (quarter)
Liabilities
Depos i ts
Tota l  other borrowi ngs
FHLB adva nces
Equity
Equi ty ca pi ta l  a t quarter end
Stock s a l es  a nd tra ns a cti ons  wi th pa rent hol ding compa ny 
duri ng qua rter

Performance Ratios

$47,165
$35,890
$5,633
$6,731
$2,033
$13
$667
$5,307
$12,161

1.6%
0.3%
‐3.9%
3.1%
2.9%
‐4.6%
‐7.1%
‐3.0%
2.3%

$47,899
$35,927
$5,228
$6,826
$2,041
$14
$726
$5,246
$12,443

1.6%
0.1%
‐7.2%
1.4%
0.4%
5.2%
8.8%
‐1.2%
2.3%

$6,335
$139
$3,103
$4
$3,116
$1,570

‐7.8%
‐1.4%
7.7%
2.4%
‐0.2%
13.6%

$5,998
$135
$3,134
$9
$3,133
$1,872

‐5.3%
‐2.6%
1.0%
109.8%
0.6%
19.2%

$5,519
$132
$3,174
$20
$3,253
$2,275

‐8.0%
‐1.8%
1.3%
111.0%
3.8%
21.5%

$412
$0
$380
$0

18.8%
n/a
4.3%
n/a

$1,440
$0
$1,313
$0

249.4%
n/a
245.4%
n/a

$2,296
$2
$2,138
$0

59.4%
n/a
62.8%
n/a

$42,178
$36,762
$3,985
$3,775

Unus ed commi tments
Securi ti za ti on outs tandi ng pri nci pa l
Mortgage‐ba cked s ecuri ti es  (GSE a nd pri va te i s s ue)
As s et‐ba cked s ecuriti es
Other securi ti es
Ca s h & ba l a nces  due

0.5%
‐0.2%
‐8.6%
2.4%
6.6%
‐30.7%
‐4.2%
‐0.3%
2.2%

0.6%
0.3%
3.1%
1.3%

$42,901
$37,959
$3,699
$3,447

1.7%
3.3%
‐7.2%
‐8.7%

$42,995
$38,077
$3,637
$3,367

0.2%
0.3%
‐1.7%
‐2.3%

$4,245

‐0.5%

$4,264

0.4%

$4,904

15.0%

$31

‐39.3%

$30

‐0.9%

$633

1974.5%

Q4 2008

Ti er 1 levera ge ra ti o
Ti er 1 ri s k ba s ed ca pi ta l  ra ti o
Tota l  ri s k ba s ed ca pi ta l  ra ti o

Q2 2009

Q1 2009
8.8%
10.6%
11.9%

8.6%
10.6%
11.9%

9.5%
11.8%
13.1%

1

‐3.8%

3.1%

‐0.2%

1

‐0.4%

0.3%

0.0%

3.6%
56.1%
150.2%

3.5%
47.3%
119.8%

3.6%
47.3%
150.3%

1.2%

0.8%

1.0%

Return on equi ty

Return on a s s ets

1

Net i nteres t ma rgi n
Coverage ra ti o {(ALLL+Al l oc tra ns fer ri s k)/Noncurrent l oa ns )}
Los s  provi s i on to net cha rge‐offs  (qtr)
Net cha rge‐offs  to avera ge l oa ns  a nd l ea s es
1

1

Quarterly, annualized. 
Noncurrent Loans

Asset Quality (% of Total Loan Type)
Construction & development
Closed‐end 1‐4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Total loans

Q2 2009
 Insured Institutions by Asset Size
Source: FDIC Analysis of Call and Thrift Financial Report Data

Q4 2008
6.5%
2.2%
0.6%
1.0%
1.1%
2.0%
1.9%
2.6%

Q1 2009
7.6%
2.7%
0.7%
1.4%
1.2%
2.5%
2.5%
3.1%

Gross Charge‐Offs
Q2 2009
7.9%
3.3%
0.8%
1.5%
1.0%
2.4%
2.6%
3.3%

Less than $1 
Billion
143

Q4 2008
0.7%
0.2%
0.1%
0.9%
0.5%
0.5%
0.1%
0.3%

$1 ‐ $10 Billion
5

Q1 2009
0.6%
0.2%
0.1%
0.5%
0.5%
0.3%
0.1%
0.2%

$10 ‐ $100 
Billion
0

Q2 2009
0.6%
0.2%
0.1%
1.6%
0.4%
0.6%
0.2%
0.3%

More than 
$100 Billion
0

 
11

V. Insured Institutions Not in Groups Receiving TARP Capital
Institution Count
7,326

Q4 2008
Selected balance and off‐balance sheet items

$ mi l l i ons

Q1 2009

%chg from prev

$ mil l i ons

Q2 2009

%chg from prev

$ mi l l i ons

%chg from prev

Assets
Loa ns
Construction & development
Closed‐end 1‐4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate

$3,750,155
$2,424,519
$252,314
$701,416
$132,891
$75,625
$167,093
$346,557
$493,699

2.8%
0.8%
‐2.8%
0.3%
4.9%
9.4%
1.0%
0.0%
2.7%

$3,796,758
$2,426,851
$242,938
$708,871
$136,706
$82,283
$167,292
$335,809
$499,717

1.2%
0.1%
‐3.7%
1.1%
2.9%
8.8%
0.1%
‐3.1%
1.2%

$3,777,141
$2,413,882
$231,464
$705,193
$138,707
$80,064
$164,167
$329,429
$506,770

‐0.5%
‐0.5%
‐4.7%
‐0.5%
1.5%
‐2.7%
‐1.9%
‐1.9%
1.4%

Unus ed commi tments
Securi ti za ti on outs tandi ng pri nci pa l
Mortgage‐ba cked s ecuri ti es  (GSE a nd pri va te i ss ue)
As s et‐ba cked s ecuriti es
Other securi ti es
Ca s h & ba l a nces  due

$1,309,744
$29,824
$423,908
$15,732
$272,313
$235,386

‐13.7%
1.9%
2.2%
3.4%
5.1%
73.0%

$1,255,542
$29,492
$412,589
$16,412
$315,042
$230,763

‐4.1%
‐1.1%
‐2.7%
4.3%
15.7%
‐2.0%

$1,179,382
$28,970
$410,478
$18,326
$338,402
$234,955

‐6.1%
‐1.8%
‐0.5%
11.7%
7.4%
1.8%

$40,012
$86
$41,134
$8

‐6.7%
‐41.0%
‐2.1%
‐58.4%

$77,591
$43
$70,539
$327

93.9%
‐50.3%
71.5%
4033.4%

$92,740
$62
$92,066
$48

19.5%
43.8%
30.5%
‐85.2%

$3,362,390
$2,734,189
$377,235
$286,400

3.3%
4.4%
‐2.5%
‐6.6%

$3,394,243
$2,794,704
$366,393
$267,351

0.9%
2.2%
‐2.9%
‐6.7%

$3,365,543
$2,817,160
$337,833
$256,184

‐0.8%
0.8%
‐7.8%
‐4.2%

$387,765

‐1.4%

$400,014

3.2%

$409,145

2.3%

$8,618

‐13.3%

$9,767

13.3%

$8,626

‐11.7%

Res i denti a l  mortga ge ori gi na ti ons  
Closed‐end mortgage originated for sale (quarter) 
Open‐end HELOC originated for sale (quarter)
Closed‐end mortgage originations sold (quarter) 
Open‐end HELOC originations sold (quarter)
Liabilities
Deposi ts
Tota l  other borrowi ngs
FHLB adva nces
Equity
Equi ty ca pi ta l  a t quarter end
Stock s a l es  a nd tra ns a cti ons  wi th pa rent hol ding compa ny 
duri ng qua rter

Performance Ratios

Q4 2008

Q1 2009
9.0%
12.3%
13.8%

Ti er 1 levera ge ra ti o
Ti er 1 ri s k ba s ed ca pi ta l  ra ti o
Tota l  ri s k ba s ed ca pi ta l  ra ti o

Q2 2009
9.0%
12.4%
14.0%

9.1%
12.6%
14.2%

1

‐12.4%

‐1.7%

‐2.2%

1

‐1.3%

‐0.2%

‐0.2%

3.4%
65.2%
181.4%

3.3%
57.5%
154.3%

3.3%
51.7%
127.0%

1.5%

1.2%

1.7%

Return on equi ty

Return on a s s ets

1

Net i nteres t ma rgi n
Coverage ra ti o {(ALLL+Al l oc tra ns fer ri s k)/Noncurrent l oa ns )}
Los s  provi s i on to net cha rge‐offs  (qtr)
Net cha rge‐offs  to avera ge l oa ns  a nd l ea s es
1

1

Quarterly, annualized. 

Asset Quality (% of Total Loan Type)
Construction & development
Closed‐end 1‐4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Total loans

Q2 2009
 Insured Institutions by Asset Size
Source: FDIC Analysis of Call and Thrift Financial Report Data

Q4 2008
9.1%
2.3%
0.9%
2.3%
0.5%
1.4%
1.8%
2.5%

Noncurrent Loans
Q1 2009
11.5%
2.9%
1.1%
2.7%
0.5%
1.8%
2.2%
3.1%

Q2 2009
13.9%
3.7%
1.1%
2.8%
0.5%
2.1%
2.7%
3.7%

Less than $1 
Billion
6907

Q4 2008
1.3%
0.2%
0.3%
1.7%
0.5%
0.4%
0.1%
0.4%

$1 ‐ $10 Billion
375

Gross Charge‐Offs
Q1 2009
0.7%
0.2%
0.4%
1.7%
0.6%
0.3%
0.1%
0.3%

$10 ‐ $100 
Billion
41

Q2 2009
1.3%
0.3%
0.5%
2.2%
0.5%
0.5%
0.1%
0.5%

More than 
$100 Billion
3

12

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.

13

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

7,326

6,907

375

41

3

8,195

7,503

578

95

19

V. Insured Institutions Not
in Groups Receiving
TARP Funds
Total

649

Source: FDIC Analysis of Call and Thrift Financial Report Data
14

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.

15

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
Group I
Group II
Group III
Group IV
Group V

Description
The 21 Largest CPP Participants (as of
June 30, 2009)
CPP Participants that were funded in
Q4 2008
CPP Participants that were funded in
Q1 2009
CPP Participants that were funded in
Q2 2009
Non-CPP Participants (as of June 30,
2009)

Number of
Institutions
in Q2 2009
21
126
131
29
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.

16

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 Growth 13
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 Originations 14
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).

17

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 securities 15 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 Ratios 16
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).

18

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).

19

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.

20

I. 21 Largest BHCs Receiving CPP Funds to Date
Q4 2008
Selected Balance Sheet and Off Balance Sheet items
Number of Institutions Reporting

$ mi l l i ons

Q1 2009

%chg from prev
21

$ mil l i ons

Q2 2009

%chg from prev
21

$ mi l l i ons

%chg from prev
21

Assets
Loa ns
Construction & development
Closed‐end 1‐4 family residential
Home Equity
Credit Card
Other Consumer
Commercial & Industrial
Commercial Real Estate

$9,557,630
$4,521,980
$194,790
$1,169,954
$462,618
$336,821
$479,054
$961,573
$323,510

‐1.8%
‐3.1%
‐5.4%
‐3.5%
1.3%
5.6%
‐4.8%
‐1.4%
0.8%

$11,225,532
$4,615,432
$188,233
$1,196,790
$475,274
$311,810
$498,292
$947,774
$334,734

17.5%
2.1%
‐3.4%
2.3%
2.7%
‐7.4%
4.0%
‐1.4%
3.5%

$11,128,030
$4,515,984
$179,946
$1,175,381
$472,985
$308,823
$486,545
$899,134
$331,834

‐0.9%
‐2.2%
‐4.4%
‐1.8%
‐0.5%
‐1.0%
‐2.4%
‐5.1%
‐0.9%

Unus ed commi tments
Securi ti za ti on outs tandi ng pri nci pa l
Mortgage‐ba cked s ecuri ti es  (GSE a nd pri va te i ss ue)
As s et‐ba cked s ecuriti es
Other securi ti es
Ca s h & ba l a nces  due

$5,124,379
$2,726,241
$751,940
$140,643
$352,033
$792,175

‐8.7%
1.5%
3.7%
‐42.0%
12.0%
39.6%

$4,959,633
$2,554,020
$805,942
$140,293
$452,067
$873,977

‐3.2%
‐6.3%
7.2%
‐0.2%
28.4%
10.3%

$4,826,991
$2,484,736
$895,168
$152,057
$463,836
$763,465

‐2.7%
‐2.7%
11.1%
8.4%
2.6%
‐12.6%

$160,052
$3,927
$158,971
$2,535

‐9.2%
53.4%
‐16.6%
‐3.3%

$279,797
$4,473
$255,774
$4,262

74.8%
13.9%
60.9%
68.2%

$357,212
$5,288
$333,907
$3,111

27.7%
18.2%
30.5%
‐27.0%

$8,720,923
$4,879,878
$1,763,347

‐2.8%
1.8%
‐6.6%

$10,200,463
$4,836,860
$2,343,688

17.0%
‐0.9%
32.9%

$10,084,892
$4,890,147
$2,182,492

‐1.1%
1.1%
‐6.9%

$824,390
$153,367

10.8%
1876.7%

$1,008,262
$44,038

22.3%
‐71.3%

$1,022,590
$121,356

1.4%
175.6%

Res i denti a l  mortga ge ori gi na ti ons
Closed‐end mortgage originated for sale (quarter)
Open‐end HELOC originated for sale (quarter)
Closed‐end mortgage originations sold (quarter)
Open‐end HELOC originations sold (quarter)
Liabilities
Deposi ts
Other borrowed money
Equity
Tota l  equi ty ca pi ta l  a t qua rter end
Stock s a l es  a nd rel atedtra ns a cti ons  (duri ng qua rter)

Performance Ratios

Q4 2008

Q1 2009

Q2 2009

7.9%
10.2%
13.9%

7.3%
11.0%
14.6%

7.6%
11.4%
15.1%

1

‐2.0%

5.5%

5.5%

1

‐0.2%

0.5%

0.5%

2.3%
81.0%
177.3%

2.4%
72.6%
164.0%

2.4%
69.1%
149.9%

1.7%

2.5%

2.8%

Ti er 1 levera ge ra ti o
Ti er 1 ri s k ba s ed ca pi ta l  ra ti o
Tota l  ri s k ba s ed ca pi ta l  ra ti o
Return on equi ty

Return on a s s ets

1

Net i nteres t ma rgi n (FTE)
Coverage ra ti o (ALLL/Noncurrent loa ns )
Los s  provi s i on to net cha rge‐offs  (qua rter)
Net cha rge‐offs  to avera ge l oa ns  a nd l ea s es
1

1

Quarterly, annualized. 
Noncurrent Loans

Asset Quality (% of Total Loan Type)
Construction & development
Closed‐end 1‐4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Total loans

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

Q4 2008
7.7%
6.4%
1.6%
3.1%
1.5%
1.9%
1.6%
3.3%

Q1 2009
10.4%
8.2%
1.9%
3.6%
1.8%
2.6%
2.7%
4.3%

Gross Charge‐Offs
Q2 2009
13.4%
9.3%
2.0%
4.0%
1.9%
3.3%
3.7%
5.0%

Q4 2008
0.9%
0.1%
0.4%
1.8%
0.8%
0.3%
0.1%
0.4%

Q1 2009
0.9%
0.4%
0.7%
2.4%
1.2%
0.5%
0.1%
0.7%

Q2 2009
1.2%
0.6%
0.9%
2.9%
1.2%
0.7%
0.2%
0.8%

 

21

II. U.S. BHCs Receiving CPP Funds in 4th Quarter 2008 
(excluding Top 21)
Q4 2008
Selected Balance Sheet and Off Balance Sheet items
Number of Institutions Reporting

$ mi l l i ons

Q1 2009

%chg from prev
123

$ mil l i ons

Q2 2009

%chg from prev
127

$ mi l l i ons

%chg from prev
126

Assets
Loa ns
Construction & development
Closed‐end 1‐4 family residential
Home Equity
Credit Card
Other Consumer
Commercial & Industrial
Commercial Real Estate

$814,248
$585,716
$88,773
$97,518
$39,813
$2,060
$30,652
$119,469
$156,019

1.8%
‐0.4%
‐3.7%
‐1.1%
3.7%
0.1%
‐3.7%
‐0.7%
2.1%

$815,352
$583,962
$86,702
$98,924
$40,888
$1,992
$28,888
$116,993
$159,091

0.1%
‐0.3%
‐2.3%
1.4%
2.7%
‐3.3%
‐5.8%
‐2.1%
2.0%

$803,998
$577,798
$81,223
$98,449
$41,306
$2,031
$27,951
$113,645
$161,813

‐1.4%
‐1.1%
‐6.3%
‐0.5%
1.0%
2.0%
‐3.2%
‐2.9%
1.7%

Unus ed commi tments
Securi ti za ti on outs tandi ng pri nci pa l
Mortgage‐ba cked s ecuri ti es  (GSE a nd pri va te i ss ue)
As s et‐ba cked s ecuriti es
Other securi ti es
Ca s h & ba l a nces  due

$172,093
$41,718
$80,003
$3,077
$41,782
$27,780

‐4.4%
‐8.2%
11.7%
‐12.0%
1.7%
49.1%

$167,273
$41,630
$84,907
$3,065
$39,304
$32,265

‐2.8%
‐0.2%
6.1%
‐0.4%
‐5.9%
16.1%

$155,333
$40,234
$85,186
$427
$43,214
$30,132

‐7.1%
‐3.4%
0.3%
‐86.1%
9.9%
‐6.6%

$6,189
$41
$6,402
$357

‐33.5%
35.0%
‐45.4%
2385.0%

$15,094
$46
$13,355
$19

143.9%
12.4%
108.6%
‐94.7%

$18,393
$46
$17,123
$14

21.9%
2.1%
28.2%
‐24.1%

$725,382
$565,732
$80,293

0.2%
2.2%
‐10.4%

$730,425
$584,292
$71,100

0.7%
3.3%
‐11.4%

$721,846
$586,964
$64,396

‐1.2%
0.5%
‐9.4%

$88,250
$17,958

17.0%
4143.9%

$83,981
$204

‐4.8%
‐98.9%

$81,204
$2,049

‐3.3%
903.9%

Res i denti a l  mortga ge ori gi na ti ons
Closed‐end mortgage originated for sale (quarter)
Open‐end HELOC originated for sale (quarter)
Closed‐end mortgage originations sold (quarter)
Open‐end HELOC originations sold (quarter)
Liabilities
Deposi ts
Other borrowed money
Equity
Tota l  equi ty ca pi ta l  a t qua rter end
Stock s a l es  a nd rel atedtra ns a cti ons  (duri ng qua rter)

Performance Ratios

Q4 2008

Ti er 1 levera ge ra ti o
Ti er 1 ri s k ba s ed ca pi ta l  ra ti o
Tota l  ri s k ba s ed ca pi ta l  ra ti o

Q1 2009

Q2 2009

9.9%
11.5%
14.2%

9.5%
11.3%
13.9%

9.3%
11.1%
13.6%

1

‐4.1%

‐18.8%

‐17.0%

1

‐0.4%

‐1.9%

‐1.7%

3.1%
66.9%
155.3%

3.1%
58.9%
143.5%

3.1%
58.5%
144.0%

1.2%

1.9%

2.3%

Return on equi ty

Return on a s s ets

1

Net i nteres t ma rgi n (FTE)
Coverage ra ti o (ALLL/Noncurrent loa ns )
Los s  provi s i on to net cha rge‐offs  (qua rter)
Net cha rge‐offs  to avera ge l oa ns  a nd l ea s es
1

1

Quarterly, annualized. 

Asset Quality (% of Total Loan Type)
Construction & development
Closed‐end 1‐4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Total loans

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

Q4 2008
8.9%
2.8%
0.8%
2.5%
0.6%
1.6%
1.4%
2.9%

Noncurrent Loans
Q1 2009
11.3%
3.8%
1.0%
2.8%
0.7%
2.1%
2.0%
3.6%

Q2 2009
12.8%
4.4%
0.9%
2.7%
0.8%
2.6%
2.5%
4.2%

Q4 2008
1.4%
0.3%
0.3%
1.5%
0.6%
0.4%
0.1%
0.5%

Gross Charge‐Offs
Q1 2009
1.3%
0.3%
0.4%
1.7%
1.0%
0.6%
0.1%
0.5%

Q2 2009
2.3%
0.4%
0.4%
2.0%
0.6%
0.7%
0.2%
0.7%

 

22

III. U.S. BHCs Receiving CPP Funds in 1st Quarter 2009
(excludes Top 21)
Q4 2008
Selected Balance Sheet and Off Balance Sheet items
Number of Institutions Reporting

$ mi l l i ons

Q1 2009

%chg from prev
118

Assets
Loa ns
Construction & development
Closed‐end 1‐4 family residential
Home Equity
Credit Card
Other Consumer
Commercial & Industrial
Commercial Real Estate

$ mil l i ons

Q2 2009

%chg from prev
131

$ mi l l i ons

%chg from prev
131

$234,478
$170,285
$25,544
$34,064
$7,655
$272
$8,710
$30,468
$48,522

Res i denti a l  mortga ge ori gi na ti ons
Closed‐end mortgage originated for sale (quarter)
Open‐end HELOC originated for sale (quarter)
Closed‐end mortgage originations sold (quarter)
Open‐end HELOC originations sold (quarter)
Liabilities
Deposi ts
Other borrowed money
Equity
Tota l  equi ty ca pi ta l  a t qua rter end
Stock s a l es  a nd rel atedtra ns a cti ons  (duri ng qua rter)

Performance Ratios

$291,244
$205,782
$26,248
$35,026
$8,087
$25,853
$10,649
$32,185
$51,596

24.2%
20.8%
2.8%
2.8%
5.6%
9394.9%
22.3%
5.6%
6.3%

$294,233
$207,036
$25,562
$35,642
$8,401
$25,586
$10,765
$31,998
$53,245

1.0%
0.6%
‐2.6%
1.8%
3.9%
‐1.0%
1.1%
‐0.6%
3.2%

$36,528
$598
$23,605
$107
$17,024
$7,785

‐2.7%
0.2%
9.0%
30.6%
3.2%
58.3%

$224,297
$23,289
$25,170
$1,330
$27,173
$11,540

514.0%
3793.4%
6.6%
1145.9%
59.6%
48.2%

$214,679
$23,586
$26,662
$1,561
$23,177
$15,696

‐4.3%
1.3%
5.9%
17.4%
‐14.7%
36.0%

$5,076
n/a
$4,841
n/a

12.3%
n/a
4.2%
n/a

$9,787
n/a
$9,215
n/a

92.8%
n/a
90.3%
n/a

$12,751
n/a
$12,273
n/a

30.3%
n/a
33.2%
n/a

$215,946
$176,292
$21,204

Unus ed commi tments
Securi ti za ti on outs tandi ng pri nci pa l
Mortgage‐ba cked s ecuri ti es  (GSE a nd pri va te i s s ue)
As s et‐ba cked s ecuriti es
Other securi ti es
Ca s h & ba l a nces  due

5.6%
4.6%
‐0.9%
3.0%
8.0%
1.2%
0.3%
9.2%
6.3%

5.9%
6.2%
2.5%

$259,887
$213,590
$25,829

20.3%
21.2%
21.8%

$262,872
$220,006
$20,853

1.1%
3.0%
‐19.3%

$18,443
$140

2.2%
70.8%

$31,305
$6,035

69.7%
4204.5%

$31,309
$1,165

0.0%
‐80.7%

Q4 2008

Ti er 1 levera ge ra ti o
Ti er 1 ri s k ba s ed ca pi ta l  ra ti o
Tota l  ri s k ba s ed ca pi ta l  ra ti o

Q1 2009
7.9%
9.7%
11.4%

Q2 2009
10.8%
12.7%
14.3%

10.5%
13.1%
14.7%

1

0.4%

0.5%

‐0.5%

1

0.0%

0.1%

‐0.1%

3.1%
56.3%
159.3%

3.3%
73.8%
180.2%

3.4%
64.8%
149.2%

0.8%

1.7%

2.2%

Return on equi ty

Return on a s s ets

1

Net i nteres t ma rgi n (FTE)
Coverage ra ti o (ALLL/Noncurrent loa ns )
Los s  provi s i on to net cha rge‐offs  (qua rter)
Net cha rge‐offs  to avera ge l oa ns  a nd l ea s es
1

1

Quarterly, annualized. 

Asset Quality (% of Total Loan Type)
Construction & development
Closed‐end 1‐4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Total loans

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

Q4 2008
8.0%
3.1%
0.6%
1.1%
0.8%
1.7%
1.7%
2.9%

Noncurrent Loans
Q1 2009
8.5%
3.6%
1.1%
6.5%
0.7%
2.9%
2.1%
3.6%

Q2 2009
11.7%
4.3%
1.1%
3.1%
0.7%
3.2%
2.6%
4.1%

Q4 2008
1.2%
0.2%
0.3%
1.4%
0.8%
0.3%
0.1%
0.4%

Gross Charge‐Offs
Q1 2009
0.7%
0.1%
0.1%
3.9%
0.8%
0.3%
0.1%
0.5%

Q2 2009
1.2%
0.1%
0.2%
2.3%
0.7%
0.8%
0.2%
0.7%

 

23

IV. U.S. BHCs Receiving CPP Funds in 2nd Quarter 2009
Q4 2008
Selected Balance Sheet and Off Balance Sheet items
Number of Institutions Reporting

$ mi l l i ons

Q1 2009

%chg from prev
27

Assets
Loa ns
Construction & development
Closed‐end 1‐4 family residential
Home Equity
Credit Card
Other Consumer
Commercial & Industrial
Commercial Real Estate

$ mil l i ons

Q2 2009

%chg from prev
28

$ mi l l i ons

%chg from prev
29

$27,874
$21,522
$3,650
$3,447
$1,299
$7
$434
$3,160
$7,430

Res i denti a l  mortga ge ori gi na ti ons
Closed‐end mortgage originated for sale (quarter)
Open‐end HELOC originated for sale (quarter)
Closed‐end mortgage originations sold (quarter)
Open‐end HELOC originations sold (quarter)
Liabilities
Depos i ts
Other borrowed money
Equity
Tota l  equi ty ca pi ta l  a t qua rter end
Stock s a l es  a nd rel atedtra ns a cti ons  (duri ng qua rter)

Performance Ratios

$28,707
$21,925
$3,578
$3,659
$1,369
$7
$407
$3,116
$7,692

3.0%
1.9%
‐2.0%
6.1%
5.4%
‐7.5%
‐6.3%
‐1.4%
3.5%

$29,279
$22,313
$3,318
$3,861
$1,384
$7
$445
$3,107
$8,020

2.0%
1.8%
‐7.3%
5.5%
1.1%
5.1%
9.3%
‐0.3%
4.3%

$4,091
$139
$1,939
$8
$1,708
$913

‐6.8%
‐1.4%
9.8%
32.6%
3.7%
23.4%

$3,895
$135
$1,927
$11
$1,837
$1,030

‐4.8%
‐2.6%
‐0.6%
42.1%
7.5%
12.9%

$3,559
$132
$1,907
$19
$1,909
$1,214

‐8.6%
‐1.8%
‐1.0%
73.3%
3.9%
17.8%

$339
n/a
$310
n/a

17.7%
n/a
5.7%
n/a

$1,234
n/a
$1,115
n/a

264.3%
n/a
259.3%
n/a

$1,980
n/a
$1,825
n/a

60.4%
n/a
63.7%
n/a

$25,642
$21,869
$2,483

Unus ed commi tments
Securi ti za ti on outs tandi ng pri nci pa l
Mortgage‐ba cked s ecuri ti es  (GSE a nd pri va te i ss ue)
As s et‐ba cked s ecuriti es
Other s ecuri ti es
Ca s h & ba l a nces  due

5.5%
5.0%
0.8%
9.6%
10.1%
1.5%
4.5%
3.3%
5.4%

5.7%
5.7%
12.3%

$26,445
$22,831
$2,377

3.1%
4.4%
‐4.3%

$26,696
$22,979
$2,195

0.9%
0.7%
‐7.6%

$2,162
$21

3.4%
901.7%

$2,191
$8

1.3%
‐63.3%

$2,512
$288

14.7%
3664.8%

Q4 2008

Ti er 1 levera ge ra ti o
Ti er 1 ri s k ba s ed ca pi ta l  ra ti o
Tota l  ri s k ba s ed ca pi ta l  ra ti o

Q1 2009
8.4%
10.0%
11.7%

Q2 2009
8.3%
10.1%
11.9%

9.8%
12.1%
14.3%

1

1.2%

‐3.6%

‐3.7%

1

0.1%

‐0.3%

‐0.3%

3.4%
50.7%
130.1%

3.3%
42.3%
111.2%

3.3%
42.6%
134.7%

0.9%

0.9%

1.1%

Return on equi ty

Return on a s s ets

1

Net i nteres t ma rgi n (FTE)
Coverage ra ti o (ALLL/Noncurrent loa ns )
Los s  provi s i on to net cha rge‐offs  (qua rter)
Net cha rge‐offs  to avera ge l oa ns  a nd l ea s es
1

1

Quarterly, annualized. 
Noncurrent Loans

Asset Quality (% of Total Loan Type)
Construction & development
Closed‐end 1‐4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Total loans

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

Q4 2008
7.5%
2.6%
0.6%
0.3%
1.1%
1.9%
2.2%
2.9%

Q1 2009
8.6%
3.0%
0.7%
0.6%
1.0%
2.7%
2.8%
3.5%

Gross Charge‐Offs
Q2 2009
9.2%
3.8%
0.8%
0.3%
0.8%
2.5%
3.4%
3.9%

Q4 2008
1.1%
0.3%
0.2%
2.7%
0.8%
0.6%
0.1%
0.4%

Q1 2009
0.7%
0.2%
0.1%
1.2%
0.3%
0.3%
0.1%
0.3%

Q2 2009
0.7%
0.2%
0.1%
3.0%
0.4%
0.7%
0.2%
0.4%

 

24

V. U.S. Top Tier BHCs Not Receiving CPP Funds
Q4 2008
Selected Balance Sheet and Off Balance Sheet items
Number of Institutions Reporting

$ mi l l i ons

Q1 2009

%chg from prev
688

Assets
Loa ns
Construction & development
Closed‐end 1‐4 family residential
Home Equity
Credit Card
Other Consumer
Commercial & Industrial
Commercial Real Estate

$ mil l i ons

Q2 2009

%chg from prev
726

$ mi l l i ons

%chg from prev
718

$3,522,549
$1,578,142
$160,769
$361,451
$78,946
$69,242
$124,090
$247,424
$321,352

Res i denti a l  mortga ge ori gi na ti ons
Closed‐end mortgage originated for sale (quarter)
Open‐end HELOC originated for sale (quarter)
Closed‐end mortgage originations sold (quarter)
Open‐end HELOC originations sold (quarter)
Liabilities
Deposi ts
Other borrowed money
Equity
Tota l  equi ty ca pi ta l  a t qua rter end
Stock s a l es  a nd rel atedtra ns a cti ons  (duri ng qua rter)

Performance Ratios

$3,514,113
$1,560,244
$157,461
$360,634
$81,487
$63,881
$122,070
$240,433
$329,995

‐0.2%
‐1.1%
‐2.1%
‐0.2%
3.2%
‐7.7%
‐1.6%
‐2.8%
2.7%

$3,430,762
$1,508,376
$144,623
$346,828
$82,062
$61,716
$116,445
$233,344
$315,759

‐2.4%
‐3.3%
‐8.2%
‐3.8%
0.7%
‐3.4%
‐4.6%
‐2.9%
‐4.3%

$670,221
$75,786
$267,901
$24,275
$334,506
$252,255

‐10.0%
‐13.0%
‐2.6%
‐13.5%
5.0%
59.0%

$652,600
$71,933
$268,164
$25,022
$333,520
$204,535

‐2.6%
‐5.1%
0.1%
3.1%
‐0.3%
‐18.9%

$621,392
$67,355
$268,815
$26,695
$362,831
$190,127

‐4.8%
‐6.4%
0.2%
6.7%
8.8%
‐7.0%

$31,122
$82
$38,294
$4

‐0.9%
‐42.6%
12.0%
‐64.5%

$58,723
$24
$54,586
$325

88.7%
‐71.2%
42.5%
8164.3%

$45,218
$25
$47,679
$47

‐23.0%
6.6%
‐12.7%
‐85.4%

$3,274,895
$1,506,038
$574,181

Unus ed commi tments
Securi ti za ti on outs tandi ng pri nci pa l
Mortgage‐ba cked s ecuri ti es  (GSE a nd pri va te i ss ue)
As s et‐ba cked s ecuriti es
Other securi ti es
Ca s h & ba l a nces  due

‐14.8%
‐1.1%
‐3.0%
‐2.6%
5.1%
‐0.8%
‐1.3%
‐0.3%
1.8%

‐15.4%
4.8%
‐5.1%

$3,257,546
$1,513,493
$534,845

‐0.5%
0.5%
‐6.9%

$3,173,535
$1,481,425
$505,502

‐2.6%
‐2.1%
‐5.5%

$238,783
$7,367

‐6.1%
161.3%

$247,749
$3,690

3.8%
‐49.9%

$248,330
$3,857

0.2%
4.5%

Q4 2008

Ti er 1 levera ge ra ti o
Ti er 1 ri s k ba s ed ca pi ta l  ra ti o
Tota l  ri s k ba s ed ca pi ta l  ra ti o

Q1 2009
4.4%
7.9%
9.7%

Q2 2009
4.9%
8.3%
10.1%

5.1%
8.4%
10.2%

1

‐4.8%

0.1%

‐7.1%

1

‐0.3%

0.0%

‐0.5%

2.6%
75.3%
141.5%

2.5%
69.2%
146.6%

2.6%
67.5%
131.9%

1.6%

1.8%

2.1%

Return on equi ty

Return on a s s ets

1

Net i nteres t ma rgi n (FTE)
Coverage ra ti o (ALLL/Noncurrent loa ns )
Los s  provi s i on to net cha rge‐offs  (qua rter)
Net cha rge‐offs  to avera ge l oa ns  a nd l ea s es
1

1

Quarterly, annualized. 
Noncurrent Loans

Asset Quality (% of Total Loan Type)
Construction & development
Closed‐end 1‐4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Total loans

Q4 2008
10.4%
3.7%
1.2%
3.4%
3.2%
1.3%
1.7%
3.1%

Q1 2009
12.6%
4.7%
1.4%
3.8%
2.6%
1.7%
2.1%
3.7%

Gross Charge‐Offs
Q2 2009
14.2%
4.7%
1.3%
3.8%
2.6%
1.9%
2.6%
4.0%

Q4 2008
1.4%
0.4%
0.4%
2.1%
1.1%
0.4%
0.1%
0.5%

Q1 2009
0.8%
0.4%
0.4%
2.9%
1.1%
0.3%
0.1%
0.5%

Q2 2009
1.3%
0.5%
0.4%
2.8%
1.6%
0.4%
0.1%
0.6%

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

25

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).

26

•

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

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