thereof shall also be filed with each exchange on which any class of equity securities of the bank is listed and registered unless the bank has, in accordance with § 335.6(a)(3), designated a single exchange to receive such statements.

(b) Statements are not deemed to be filed with the Corporation or an exchange until they are actually received by the Corporation or exchange.

3. Separate Statement for Each Bank.

A separate statement shall be filed with respect to the equity securities of each bank.

4. Date as of Which Information Is To Be Given.

Information as to the amount of securities beneficially owned, including those subject to puts, calls, options, warrants, etc., shall be given as of the date on which the event occurred which requires the filing of the statement on this form.

5. Relationship of Reporting Person to Bank.

Indicate clearly the relationships of the reporting person to the bank by checking the appropriate box(es), i.e., Director, Officer, 10 percent Owner in Item 8 of the statement.

6. Title of Equity Securities and Classes of Securities To Be Reported.

The statement of the title of an equity security should clearly distinguish it from any securities of other classes issued by the bank. Persons specified in Instruction 1, above, shall include information as to their beneficial ownership of all classes of equity securities of the bank, even though one or more of such classes may not be registered pursuant to Section 12 of the Act.

7. Statement Required Although No Securities are Owned.

If any person required to file a statement on this form does not own any securities required to be reported, a statement on this form shall be filed to report that fact.

are

8. Reporting of Conversion Feature Cases. (a) When two or more securities owned as a unit, such as debentures and transferable warrants to purchase common stock, report each security separately and describe the unit relationship in the "Comments" space of the statement. If one or more of the securities comprising the unit is not required to be reported, the other security or securities shall be reported separately and the unit relationship described as indicated above.

(b) In reporting the ownership of a convertible security or a transferable warrant, the number of shares or units subject to the conversion privilege and the conversion or exercise price per share or unit shall be set forth in the "Comments" space. Transferable warrants issued by the issuer of the security subject to the warrants shall be reported in the body of the statement (in

which case the exercise price and date of expiration of the warrant shall be reported in the "Comments" space).

(c) Securities owned indirectly shall be reported on separate lines from those owned directly and also from those owned through a different type of indirect ownership. 9. Statement of Amounts of Securities. In stating amounts of securities in Item 10 of the statement, give the face amount of debt securities or the number of shares or other units of other securities. In the case of securities owned beneficially through a spouse, relative or other natural person, or through a partnership, corporation, trust or other entity, the entire amount of securities owned by such natural person, partnership, corporation, trust or other entity shall be stated. The person whose ownership is reported may, if he so desires, also indicate in a footnote or other appropriate manner, the extent of his interest in the holdings of the partnership, corporation, trust or other entity through which securities are beneficially owned.

10. Nature of Ownership of Securities.

(a) In reporting the nature of beneficial ownership of securities, check the appropriate column in Item 11 of the statement. If they are owned indirectly, state the nature of such indirect ownership in Item 12 of the statement; for example, "By self as trustee for sons", "By Wife", "By X Trust", "By Y Corporation", etc. If the securities are owned directly and other securities are owned indirectly, the required information shall be furnished separately for each type of ownership. Each type of indirect ownership is to be reported on a separate line. Securities held as joint tenants, tenants in common, tenants by the entirety or as community property are to be reported as held directly.

(b) Beneficially owned securities held in the name of the reporting person or in the name of a bank, broker or nominee for the account of the reporting person shall be reported as directly owned by him. A person is regarded as the indirect beneficial owner of securities held in the name of another person if, by reason of any contract, understanding, relationship, including a family relationship, or arrangement, such person obtains therefrom benefits substantially equivalent to those of ownership. For example, a person may be the indirect beneficial owner of securities held in the name of a spouse, relative or other person if such person may obtain therefrom benefits substantially equivalent to those of ownership. A person may also be the indirect beneficial owner of securities held in the name of a partnership, corporation, trust or other entity if such person or a spouse or relative of such person, individually or collectively, may exercise a controlling influence over the purchase, sale or voting of such securities.

11. Transferable Warrants, Puts, Calls, Options and Other Rights.

Transferable warrants, options, puts, and calls, any combination of puts and calls, such as spreads, straddles, strips and straps (all hereinafter referred to as options), should be reported in the "Comments" space. Title of securities subject to the option, the nature of the option, the amount of securities subject to the option (see Instruction 9), the purchase or sale price of the securities subject to the options and the date of expiration of the option shall be stated. In reporting the nature of the option, state whether it represents a right to buy, a right to sell, an obligation to buy or an obligation to sell, the securities subject to the option. If a warrant is not presently exercisable, state the price at which it will first become exercisable. If a warrant, put, call or option is exercisable at various increasing prices, state the price at which it is presently exercisable.

12. Inclusion of Additional Information. A statement may include any additional information or explanation deemed relevant

by the person filing the statement. If additional space is necessary for explanation, attach a separate sheet to the form.

13. Signature.

If the statement is filed for a corporation, partnership, trust or other entity, the name of the organization shall appear over the signature of the officer or other person authorized to sign the statement. If the statement is filed for an individual, it shall be signed by him or specifically on his behalf by a person authorized to sign for him. If signed on his behalf by another person, the authority of such person to sign the statement shall be confirmed to the Corporation in writing as soon as practicable by the individual for whom the statement is filed, unless such a confirmation which is still in effect is on file with the Corporation.

[40 FR 47346, Oct. 8, 1975; 41 FR 4897, Feb. 3, 1976]

§ 335.62 Statement of changes in beneficial ownership of equity securities (Form F-8).

GENERAL INSTRUCTIONS

1. Persons Required to File Statements. (a) A statement on Form F-8 is to be filed in duplicate on or before the 10th day after the end of each month in which any change in beneficial ownership has occurred, by every person (1) who at any time during any calendar month was: (i) directly or indirectly the beneficial owner of more than 10 percent of any class of equity securities of a

bank registered pursuant to Section 12 of the Act or (ii) a director (including honorary directors) or officer of the bank which is the issuer of such securities, and (2) who during such month had any change in the nature or amount of his beneficial ownership of any class of equity securities of such bank. The term "officer" means a Chairman of the Board of Directors, Vice Chairman of the Board, Chairman of the Executive Committee, President, Vice President (except as indicated in the next sentence), Cashier,

Treasurer, Secretary, Comptroller, and any other person who participates in major policy-making functions of the bank. In some banks (particularly banks with officers bearing titles such as Executive Vice President, Senior Vice President, or First Vice President, as well as a number of "Vice Presidents"), some or all "Vice Presidents" do not participate in major policy-making functions. Such persons are not officers for the purposes of this statement.

(b) Not more than one report need be filed to report any holdings of a bank's securities or with respect to any transaction in such securities held by a trust, regardless of the number of officers, directors, or 10 percent stockholders who are either trustees, settlors, or beneficiaries of a trust if the report filed discloses the name of all trustees, settlors, and beneficiaries who are officers, directors, or 10 percent stockholders. A person having an interest only as a beneficiary of a trust shall not be required to file any such report so long as he relies in good faith upon an understanding that the trustees of such trust will file whatever reports might otherwise be required of such beneficiary.

2. Where Statements Are To Be Filed. (a) One manually signed copy of each statement, shall be filed with the Federal Deposit Insurance Corporation, Washington, D.C. 20429. One manually signed copy thereof shall also be filed with each exchange on which any class of equity securities of the company is listed and registered unless the bank has, in accordance with § 335.6(a)(3), designated a single exchange to receive statements.

(b) Statements are not deemed to be filed with the Corporation or an exchange until they are actually received by the Corporation or exchange.

3. Separate Statement for Each Bank. A separate statement shall be filed with respect to the equity securities of each bank.

4. Relationship of Reporting Person to Bank. Indicate clearly the relationship of the reporting person to the bank by checking the appropriate box(es), i.e., Director, Officer, 10 percent Owner, in Item 8 of the statement.

5. Title of Equity Securities and Classes of Securities to be Reported.

The statement of the title of an equity security should clearly distinguish it from any securities of other classes issued by the bank. Persons reporting pursuant to Section 16(a) of the Act shall include information as to changes in the amount of securities beneficially owned, changes in the nature of beneficial ownership, and the amount of their beneficial ownership at the end of the month of all classes of equity securities of the bank even though one or more of such classes may not be registered pursuant to Section 12 of the Act.

6. All Transactions to be Reported.

Every transaction shall be reported even though acquisitions and dispositions during the month are equal, or the change involves only the nature of ownership, such as a change from indirect ownership through a trust or corporation to direct ownership by the reporting person.

7. Reporting of Transactions.

(a) In reporting the acquisition or disposition of a convertible security or a transferable warrant, the number of shares or units subject to the conversion privilege or warrant and the conversion or exercise price per share or unit shall be set forth in the "Comments" space. When a convertible security is converted or a warrant is exercised, the amount of securities acquired as a result of such conversion or exercise shall be reported and, in addition, the disposition of the convertible security or warrant shall be reported as a separate transaction.

(b) The acquisition, disposition, exercise, or expiration or cancellation of a put, call, option or other right or obligation to buy or sell securities (all hereinafter referred to as options) is deemed to effect a change in beneficial ownership of the security to which the option relates and shall be reported in the "Comments" space. If the option is exercised, the transaction shall be reported in the "Comments" space and the acquisition or disposition of the security subject to the warrants shall be reported in the body of the statement. Transferable warrants issued by the issuer of the security subject to the warrants shall be reported (in which case the exercise price and date of expiration of the warrant shall be reported in the "Comments" space).

8. Date of Transaction.

In giving the dates required, the month, day and year shall be given. Dates may be abbreviated; for example, January 9, 1975, may be expressed as 1/9/75. The date shall be set forth opposite the transaction to which it relates. In the case of market transactions, the trade date shall be given and in the case of stock splits, stock dividends, etc., the record date shall be given.

9. Character of Transaction.

(a) In reporting the character of a transaction in Item 11 of the statement, select the category below which most clearly states the character of the transaction reported:

A. Open Market Purchase
B. Open Market Sale
C. Private Purchase
D. Private Sale

E. Acquired by Inheritance
F. Disposed of by Bequest
G. Stock Split

H. Exercise of Options
I. Exchange or Conversion
J. Exercise of Rights
K. Acquired by Gift

L. Disposed of by Gift

M. Redeemed (called, matured, retired)
N. Stock Dividend

O. Exercise of Warrants
P. Other (specify)

(b) In reporting the character of option type transactions in the "Comments" space, select the category below which most closely states the character of the transaction reported:

A. Purchase of Put or Call
B. Sale of Put or Call

C. Exercise of Put or Call

D. Expiration of Put or Call
E. Cancellation of Put or Call
F. Acquisition of Other Option
G. Disposition of Other Option
H. Exercise of Other Option
I. Expiration of Other Option
J. Cancellation of Other Option

(c) If the transaction was with the bank, so state.

10. Statement of Amounts of Securities.

In stating amounts of securities in Items 12, 13, 14 and 16 of the statement, and in the "Comments" space, give the face amount of convertible debt securities or the number of shares of stock or other units of other securities. In Item 12 of the statement, indicate the total number of shares of each security reported on the last statement at the beginning of the month. In the case of securities owned beneficially through a spouse, relative or other natural person, or through a partnership, corporation, trust or other entity, the entire amount of securities involved in the transaction or owned by such natural person, partnership, corporation, trust or other entity shall be stated. The person whose ownership is reported may, if he so desires, also indicate in a footnote or other appropriate manner, the extent of his interest in the transaction or holdings of the partnership, corporation, trust or other entity through which securities are beneficially owned.

11. Nature of Ownership of Securities.

(a) In reporting the nature of ownership of securities, check the appropriate column in Item 17 of the statement. If they are owned indirectly, state the nature of such indirect ownership in Item 18 of the statement; for example, "By self as trustee for sons", "By wife", "By X Trust", "By Y Corporation", etc. If the securities are owned directly and other securities are owned indirectly, the required information shall be furnished separately for each type of ownership. Each type of indirect ownership is to be reported on a separate line. Securities held as joint tenants, tenants in common, tenants by the entirety or as community property are to be reported as held directly.

(b) Beneficially owned securities held in the name of the reporting person or in the

name of a bank, broker or nominee for the account of the reporting person shall be reported as directly owned by him. A person is regarded as the indirect beneficial owner of securities held in the name of another person if by reason of any contract, understanding, relationship, including a family relationship, or arrangement, such person obtains therefrom benefits substantially equivalent to those of ownership. For example, a person may be the indirect beneficial owner of securities held in the name of a spouse, a relative or other person if such person may obtain therefrom benefits substantially equivalent to those of ownership. A person may also be the indirect beneficial owner of securities held in the name of a partnership, corporation, trust or other entity if such person or a spouse or relative of such person, individually or collectively, may exercise a controlling influence over the purchase, sale or voting of such securities.

12. Purchase or Sale Price of Securities.

(a) If any transaction reported involved a purchase or sale of securities for cash or an obligation to pay cash, including the exercise of an option state in Item 15 the purchase price per share or other unit exclusive of brokerage commissions or other costs of execution. If the transaction was only partly for cash and partly for other consideration, state the amount of cash per share or other unit and the nature of the additional consideration. If the transaction does not involve cash, describe the nature of the consideration given.

(b) If an option reported in the "Comments" space is exercisable at varying increasing prices, state in Item 15 the price at which it is presently exercisable.

13. Beneficial Ownership at End of Month. Beneficial ownership at the end of the month of all accounts required to be reported shall be shown even though there has been no change during the month in the ownership of securities of one or more class or accounts. For example, a person reporting a transaction relating to common stock shall, in addition to providing all the required information relating to such transaction, report the amount of preferred stock, convertible debentures, etc., owned at the end of the month. In addition, any options owned at the end of the month should be reported in the "Comments" space.

14. Transferable Warrants, Puts, Calls, Options and Other Rights-"Comments" Space. Transferable warrants, options, "puts" and "calls", any combination of "puts" and "calls", such as spreads, straddles, strips and straps (all hereinafter referred to as options), should be reported in the "Comments" space of the form. Title of securities subject to the option, the nature of the option, the date of the transaction (see Instruction 8), the amount of securities subject to the option (see Instruction 10), the

purchase or sale price of the securities subject to the option, the character of the transaction (see Instruction 9), and the date of expiration of the option shall be stated. In reporting the nature of the option state whether it represents a right to buy, a right to sell, an obligation to buy or an obligation to sell, the securities subject to the option. If the warrant is not presently exercisable, state the price at which it will first become exercisable. If a warrant, put, call or option is exercisable at various increasing prices, state the price at which it is presently exercisable.

15. Inclusion of Additional Information.

A statement may include any additional information or explanation deemed relevant by the person filling the statement. If additional space is needed, attach a separate sheet to the form.

16. Signature.

If the statement is filed for a corporation, partnership, trust, etc., the name of the organization shall appear over the signature of the officer or other person authorized to sign the statement. If the statement is filed for an individual, it shall be signed by him or specifically on his behalf by another person, the authority of such person to sign the statement shall be confirmed to the Corporation in writing as soon as practicable by the individual for whom the statement is filed, unless such a confirmation which is still in effect is on file with the Corporation.

[40 FR 47346, Oct. 8, 1975; 41 FR 4897, 4898, Feb. 3, 1976]

1. Preparation of Forms.

The forms for financial statements are not to be used as blank forms to be filled in but only as guides in the preparation of financial statements. The requirements with respect to the filing of balance sheets and statements of income are contained in the instructions as to certain other forms required by this Part. Particular attention should be given to the general requirements as to financial statements in § 335.7, including paragraphs (g) and (i) thereof, which prescribe when statements of changes in capital accounts and schedules will be filed. Although inapplicable items specified in the

forms for financial statements should be omitted, the detailed instructions that relate to applicable items shall be followed. 2. Accrual Accounting.

Financial statements shall generally be prepared on the basis of accrual accounting whereby all revenues and all expenses shall be recognized during the period earned or incurred regardless of the time received or paid, with certain exceptions: (a) Where the results would be only insignificantly different on a cash basis, or (b) where accrual is not feasible. Statements with respect to the first fiscal year that a bank reports on the accrual basis shall indicate clearly, by footnote or otherwise, the beginning of year adjustments that were necessary and their effect on prior financial statements filed under this Part.

(Name of Bank)

A. BALANCE SHEET
Assets

1. Cash and due from banks.
2. Investment securities:

(a) U.S. Treasury securities

(b) Securities of other U.S. Government agencies and corporations...... (c) Obligations of States and political subdivisions..

(d) Other securities.

3. Trading account securities.

4. Federal funds sold and securities purchased under agreements to resell......... 5. Other loans:

(a) Total other loans....

(b) Less allowance for loan losses.
(c) Net other loans

6. Bank premises and equipment
7. Other real estate owned.

....