Piper Sandler : Comment Letter to the Federal Reserve and FDIC Regarding TLAC

https://www.pipersandler.com/insight/piper-sandler-comment-letter-fdic-regarding-bank-merger-act

PIPER SANDLER

	Asset			Cross-Jurisdictional	Short-term		Off-Balance Sheet
	Size		Total Assets	Activity¹	Wholesale Funding²	Nonbank Assets 3	Exposures 4
Category	Rank	Company Name	($000)	($000)	($000)	($000)	($000)
I	1	JPMorgan Chase & Co.	3,773,884,000	1,963,553,000	654,751,950	809,904,000	661,233,700
I	2	Bank of America Corporation	3,072,953,000	946,108,000	517,660,400	709,045,000	525,593,400
I	3	Citigroup Inc.	2,381,064,000	2,199,155,000	389,124,500	763,314,000	520,250,900
I	4	Wells Fargo & Company	1,877,745,000	242,483,272	132,805,608	203,900,000	378,478,232
I	5	The Goldman Sachs Group, Inc.	1,555,994,000	1,232,447,000	441,230,150	1,283,540,000	380,256,100
I	6	Morgan Stanley	1,160,029,000	680,492,000	370,290,000	903,313,480	252,119,700
I	12	The Bank of New York Mellon Corporation	427,953,000	327,023,000	86,496,450	69,599,000	29,580,900
I	13	State Street Corporation	303,568,000	269,291,000	42,321,366	14,864,000	37,780,300
II	22	Northern Trust Corporation	159,839,583	121,413,000	33,065,530	210,372	16,568,640
III	8	The Charles Schwab Corporation	577,563,000	35,531,000	129,763,450	163,091,000	4,179,900
III	7	U.S. Bancorp	600,973,000	64,097,000	46,345,150	9,188,130	140,258,900
III	9	The PNC Financial Services Group, Inc.	559,495,699	21,510,000	33,949,913	8,735,492	99,934,962
III	10	Truist Financial Corporation	548,438,000	9,032,000	42,176,450	15,639,000	91,824,600
III	11	Capital One Financial Corporation	444,232,099	7,624,237	13,441,748	4,258,483	78,449,026
IV	16	SVB Financial Group	212,868,000	62,157,000	53,517,400	0	16,810,600
IV	17	Fifth Third Bancorp	205,463,245	5,056,609	14,887,626	960,575	33,666,944
IV	14	Citizens Financial Group, Inc.	225,138,533	5,014,782	18,943,394	530,740	33,388,053
IV	15	American Express Company	214,915,000	48,797,000	8,819,850	53,010,521	40,130,300
IV	19	KeyCorp	190,232,450	2,130,000	14,511,785	1,768,183	40,251,666
IV	20	Ally Financial Inc.	188,640,000	1,068,000	7,335,200	9,593,000	6,589,800
IV	21	Huntington Bancshares Incorporated	179,402,155	2,040,000	8,837,614	263,078	18,958,265
IV	23	Regions Financial Corporation	157,943,000	2,081,000	15,969,600	403,000	27,903,600
IV	18	M&T Bank Corporation	197,955,479	684,139	18,762,159	260,320	17,789,450
IV	24	Discover Financial Services	121,885,743	80,000	4,450,188	3,268,391	26,349,326

PIPER SANDLER

PIPER SANDLER

PIPER SANDLER