EXHIBIT 7
Consolidated Report of Condition of
THE BANK OF NEW YORK MELLON
of 240 Greenwich Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business December 31, 2023, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.
| Dollar amounts in thousands | ||||
| ASSETS |
||||
| Cash and balances due from depository institutions: |
||||
| Noninterest-bearing balances and currency and coin |
4,078,000 | |||
| Interest-bearing balances |
119,816,000 | |||
| Securities: |
||||
| Held-to-maturity securities |
49,578,000 | |||
| Available-for-sale debt securities |
76,492,000 | |||
| Equity securities with readily determinable fair values not held for trading |
0 | |||
| Federal funds sold and securities purchased under agreements to resell: |
||||
| Federal funds sold in domestic offices |
0 | |||
| Securities purchased under agreements to resell |
13,524,000 | |||
| Loans and lease financing receivables: |
||||
| Loans and leases held for sale |
0 | |||
| Loans and leases held for investment |
32,622,000 | |||
| LESS: Allowance for loan and lease losses |
285,000 | |||
| Loans and leases held for investment, net of allowance |
32,337,000 | |||
| Trading assets |
5,476,000 | |||
| Premises and fixed assets (including capitalized leases) |
2,754,000 | |||
| Other real estate owned |
2,000 | |||
| Investments in unconsolidated subsidiaries and associated companies |
1,560,000 | |||
| Direct and indirect investments in real estate ventures |
0 | |||
| Intangible assets |
6,934,000 | |||
| Other assets |
19,978,000 | |||
|
|
|
|||
| Total assets |
332,529,000 | |||
|
|
|
|||
| LIABILITIES |
||||
| Deposits: |
||||
| In domestic offices |
188,830,000 | |||
| Noninterest-bearing |
58,891,000 | |||
| Interest-bearing |
129,939,000 | |||
| In foreign offices, Edge and Agreement subsidiaries, and IBFs |
98,296,000 | |||
| Noninterest-bearing |
3,925,000 | |||
| Interest-bearing |
94,371,000 | |||
| Federal funds purchased and securities sold under agreements to repurchase: |
||||
| Federal funds purchased in domestic offices |
0 | |||
| Securities sold under agreements to repurchase |
3,820,000 | |||
| Trading liabilities |
3,653,000 | |||
| Other borrowed money: |
1,700,000 | |||
| Not applicable |
||||
| Not applicable |
||||
| Subordinated notes and debentures |
0 | |||
| Other liabilities |
8,604,000 | |||
|
|
|
|||
| Total liabilities |
304,903,000 | |||
|
|
|
|||
| EQUITY CAPITAL |
||||
| Perpetual preferred stock and related surplus |
0 | |||
| Common stock |
1,135,000 | |||
| Surplus (exclude all surplus related to preferred stock) |
12,224,000 | |||
| Retained earnings |
17,672,000 | |||
| Accumulated other comprehensive income |
-3,405,000 | |||
| Other equity capital components |
0 | |||
| Total bank equity capital |
27,626,000 | |||
| Noncontrolling (minority) interests in consolidated subsidiaries |
0 | |||
| Total equity capital |
27,626,000 | |||
|
|
|
|||
| Total liabilities and equity capital |
332,529,000 | |||
|
|
|
I, Dermot McDonogh, Chief Financial Officer of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.
Dermot McDonogh
Chief Financial Officer
We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We declare that it has been examined by us, and to the best of our knowledge and belief has been prepared in conformance with the instructions and is true and correct.
| Robin A. Vince Jeffrey A. Goldstein Joseph J. Echevarria |
|
Directors |