Morgan Guaranty Trust Company of New York

New York, NY · Cert 637

FDIC

Q3 2001

$228.1BAssets

$23.1BLoans

$4.2BDeposits

$11.0BEquity

Deposit mix

Executive Summary

Earnings: ROA of 0.18%, down 85 bps year over year; NIM at 0.89%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.73%.
Funding: loans stand at 546.70% of deposits as of Q3 2001.

Return on Assets (YTD, annualized)

0.18%-85 bps YoY

Net Interest Margin (YTD, annualized)

0.89%

Efficiency Ratio (YTD, annualized)

83.26%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	YoY Δ	Trend
Earnings
Return on Assets	0.91%	1.13%	0.89%	1.03%	0.92%	0.64%	0.34%	0.18%	-85 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	0.95%	0.90%	0.89%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	68.96%	76.81%	83.26%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	-0.17%	0.18%	0.36%	n/a
Growth
Asset Growth (YoY)	-5.37%	-1.62%	-2.32%	11.02%	10.79%	-54.54%	-57.00%	-45.03%	-5,605 bps
Loan Growth (YoY)	-3.10%	-5.04%	-5.82%	1.87%	-6.50%	-7.45%	-13.04%	-12.17%	-1,404 bps
Deposit Growth (YoY)	-15.13%	-16.18%	-16.18%	-15.93%	-17.23%	-91.31%	-90.73%	-89.96%	-7,404 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	0.40%	0.65%	0.73%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	11.37%	11.40%	11.04%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Liquidity & Funding
Loans / Deposits	54.64%	51.15%	53.75%	62.48%	61.73%	545%	504%	547%	+48,422 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a