United States Trust Company of New York in New York City, New York (NY)



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United States Trust Company of New York
GeneralFDIC Certificate #: 646
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Chase Manhattan Bank (National Association) (#624)
Federal Reserve ID: 934011
Date Established: April 12, 1853
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 6 (Interstate: No)
FDIC's unique #: 426
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: September 02, 1995
Last Structure Change Process Date: October 31, 1995
Last Data Update: October 31, 1995
Data Source Date: April 05, 2012
LocationAddress: 114 West 47th Street, New York City, NY 10026
County: New York
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: New York City
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Metropolitan Statistical Area (MSA): New York, NY (#5600)
Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
Core Based Statistical Division: New York-White Plains-Wayne, NY-NJ (#35644)
Financial SummaryTotal assets: $3,065.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$1,933
Cash and due from depository institutions$2,753,132
Interest-bearing balances$180,837
Securities$20,000
Federal funds sold & reverse repurchase agreements$769,554
Net loans & leases$144,707
Loan loss allowance $1,431,008
Trading account assets$12,783
Bank premises and fixed assets$0
Other real estate owned$94,212
Goodwill and other intangibles$11,883
All other assets$1,743
Life insurance assets$119,188
Total liabilities and capital$0
Total liabilities$2,753,132
Total deposits$2,566,562
Interest-bearing deposits$2,104,280
Deposits held in domestic offices$1,257,148
% insured (estimated)2095698.00%
Federal funds purchased & repurchase agreements $29
Trading liabilities$229,752
Other borrowed funds $0
Subordinated debt $127,571
All other liabilities $10,803
Total equity capital$94,156
Total bank equity capital$94,156
Perpetual preferred stock$186,570
Common stock$0
Surplus$14,995
Undivided profits $41,500
Memoranda
Noncurrent loans and leases $130,075
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $4,765
Earning assets $7,339
Long-term assets (5+ years) $2,365,269
Average Assets, year-to-date $403,664
Average Assets, quarterly $3,205,047
Volatile liabilities $3,143,326
Insider loans $420,237
FHLB advances $10,380
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $117,563
Tier 2 risk-based capital $0
Total risk weighted assets $185,831
Total unused commitments $1,432,163
Restructured Loans and leases $0
Derivatives$86,375
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Income and Expense (December 31, 1994)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $165,994
Net interest income $70,537
Provision for loan and lease losses $95,457
Total noninterest income $1,277
Fiduciary activities $222,706
Service charges on deposit accounts $214,649
Trading account gains & fees $386
Additional noninterest income $0
Total noninterest expense $7,671
Salaries and employee benefits $252,814
Premises and equipment expense $137,264
Additional noninterest expense $47,835
Pre-tax net operating income $67,715
Securities gains (losses) $64,072
Applicable income taxes -$44,902
Income before extraordinary items $6,946
Extraordinary gains - net $12,224
Net income attributable to bank $0
Net charge-offs $12,224
Cash dividends $422
Sale, conversion, retirement of capital stock, net $5,000
Net operating income $0
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Performance and Condition Ratios (December 31, 1994)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 6.12%
Net interest margin 2.60%
Noninterest income to earning assets 3.52%
Noninterest expense to earning assets 8.21%
Net operating income to assets 9.32%
Return on assets (ROA) 1.28%
Pretax return on assets 0.38%
Return on equity (ROE) 0.60%
Retained earnings to average equity (YTD only) 6.43%
Net charge-offs to loans 3.80%
Credit loss provision to net charge-offs 0.03%
Efficiency ratio302.61%
Assets per employee$79,370
Cash dividends to net income (YTD only)1.42%
Condition Ratios (%)
Loss allowance to loans 40.90%
Loss allowance to noncurrent loans 0.89%
Noncurrent assets plus other real estate owned to assets 268.27%
Noncurrent loans to loans 0.60%
Net loans and leases to deposits0.33%
Net loans and leases to core deposits 68.00%
Equity capital to assets 70.13%
Core capital (leverage) ratio 6.78%
Tier 1 risk-based capital ratio 5.50%
Total risk-based capital ratio 12.98%
Memoranda
Average assets$14
Average earning assets$3,205,047
Average equity $190,255
Average loans $2,713,411
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