Contract
Exhibit 99 |
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X. X. XXXXXX XXXXX & CO. |
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As of December 31, 2000, Xxxxxx Guaranty Trust Company of New York ("Xxxxxx Guaranty") was a wholly owned bank subsidiary of X.X. Xxxxxx Xxxxx & Co., a Delaware corporation whose principal office is located in New York, New York. Xxxxxx Guaranty was a commercial bank offering a wide range of banking services to its customers both domestically and internationally. Its business was subject to examination and regulation by Federal and New York State banking authorities. | ||||||||||||||||
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On November 10, 2001, X. X. Xxxxxx & Co. merged with The Chase Manhattan Bank. Upon consummation of the merger, The Chase Manhattan Bank changed its name to XX Xxxxxx Xxxxx & Co. | ||||||||||||||||
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The following table sets forth certain summarized financial information of X.X. Xxxxxx Xxxxx & Co. and for Xxxxxx Guaranty as of the dates and for the periods indicated. The information presented for the years ended December 31, 2006, 2005, 2004, 2003, and 2002 in accordance with generally accepted accounting principles. | ||||||||||||||||
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As of or for the year ended December 31, |
Heritage XX Xxxxxx Xxxxx Only |
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(Dollars in millions) |
2006 |
2005 |
2004 (e) |
2003 |
2002 |
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Balance Sheet Data |
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Total Loans |
$ |
483,127 |
$ |
419,148 |
$ |
402,114 |
$ |
214,766 |
$ |
216,364 |
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Total Assets |
$ |
1,351,520 |
$ |
1,198,942 |
$ |
1,157,248 |
$ |
770,912 |
$ |
758,800 |
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Total Deposits |
$ |
638,788 |
$ |
554,991 |
$ |
521,456 |
$ |
326,492 |
$ |
304,753 |
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Total Liabilities |
$ |
1,235,730 |
$ |
1,091,731 |
$ |
1,051,595 |
$ |
724,758 |
$ |
716,494 |
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Allowance for Credit Losses |
$ |
7,803 |
$ |
7,490 |
$ |
7,812 |
$ |
4,847 |
$ |
5,713 |
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Stockholder's Equity |
$ |
115,790 |
$ |
107,211 |
$ |
105,653 |
$ |
46,154 |
$ |
42,306 |
(in millions) |
Heritage JPMorgan Chase only |
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As of or for the year ended December 31, |
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2006 |
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2005 |
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2004 |
(e) |
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2003 |
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2002 |
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Selected income statement data |
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Noninterest revenue |
$ |
40,195 |
$ |
34,193 |
$ |
25,845 |
$ |
19,996 |
$ |
17,064 |
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Net interest income |
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21,242 |
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19,555 |
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16,527 |
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12,807 |
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12,012 |
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Total net revenue |
61,437 |
53,748 |
42,372 |
32,803 |
29,076 |
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Provision for credit losses |
3,270 |
3,483 |
2,544 |
1,540 |
4,331 |
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Total noninterest expense |
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38,281 |
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38,426 |
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33,972 |
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21,490 |
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22,471 |
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Income from continuing operations before income |
19,886 |
11,839 |
5,856 |
9,773 |
2,274 |
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Income tax expense |
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6,237 |
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3,585 |
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1,596 |
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3,209 |
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760 |
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Income from continuing operations |
13,649 |
8,254 |
4,260 |
6,564 |
1,514 |
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Income from discontinued operations (a) |
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795 |
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229 |
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206 |
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155 |
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149 |
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Net income |
$ |
14,444 |
$ |
8,483 |
$ |
4,466 |
$ |
6,719 |
$ |
1,663 |
(a) | On October 1, 2006, the Firm completed the exchange of selected corporate trust businesses including trustee, paying agent, loan agency and document management services for the consumer, business banking and middle-market banking businesses of The Bank of New York. The results of operations of these corporate trust businesses are being reported as discontinued operations for each of the periods presented. | |
(e) | 2004 results include six months of the combined Firm's results and six months of heritage JPMorgan Chase results. | |
NA - Data for 2002 is not available on a comparable basis. |
X.X. Xxxxxx Xxxxx & Co. will provide without charge a copy of the Form 10-K for the fiscal year ended December 31, 2006 and a copy of the most recent quarterly Consolidated Reports of Condition and Income filed with the Board of Governors of the Federal Reserve System, with exhibits omitted. Written requests should be directed to: Office of the Secretary, X.X. Xxxxxx Xxxxx & Co., 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000. |
The information set forth above relates to and has been obtained from X.X. Xxxxxx Xxxxx & Co. The delivery of this 10-K shall not create any implication that there has been no change in the affairs of X.X. Xxxxxx Xxxxx & Co since the date hereof, or that the information contained herein or referred to above is correct as of any time subsequent to its date. |