EX-99.7 7 ex99-7.htm

Exhibit 7
U.S. Bank Trust Company, National Association
Statement of Financial Condition
as of 12/31/2021*

($000’s)

   
12/31/2021
 
Assets
     
Cash and Balances Due From
Depository Institutions
 
$
21,114
 
Securities
   
0
 
Federal Funds
   
0
 
Loans & Lease Financing Receivables
   
0
 
Fixed Assets
   
0
 
Intangible Assets
   
0
 
Other Assets
   
402
 
Total Assets
 
$
21,516
 
         
Liabilities
       
Deposits
 
$
0
 
Fed Funds
   
0
 
Treasury Demand Notes
   
0
 
Trading Liabilities
   
0
 
Other Borrowed Money
   
0
 
Acceptances
   
0
 
Subordinated Notes and Debentures
   
0
 
Other Liabilities
   
43
 
Total Liabilities
 
$
43
 
         
Equity
       
   Common and Preferred Stock
   
200
 
Surplus
   
800
 
Undivided Profits
   
20,473
 
Minority Interest in Subsidiaries
   
0
 
Total Equity Capital
 
$
21,473
 
         
Total Liabilities and Equity Capital
 
$
21,516
 

*In connection with the transfer of substantially all of the corporate trust business of U.S. Bank National Association (“USBNA”) to U.S. Bank Trust Company, National Association (“USBTC”) in January 2022, USBNA made a cash capital contribution of $600,000,000 to USBTC and a non-cash capital contribution of approximately $570,835,000 to USBTC. These contributions will be reflected in the future statements of financial condition.