1)           May 4, 2015 To the Governor and Legislature: I am pleased to submit the 2014 Annual Report of the New York State Department of Financial Services, as required by Article 2, Section 207 of the Financial Services Law. Throughout 2014, the Department carried out its mission to protect consumers and to promote the development of sound, fair financial services. The Department’s work is varied and is detailed in the report. As its charter instructs, the Department has and will continue to work aggressively to foster the growth of a fair, robust financial services industry and to protect consumers. I hope you find the report useful. Respectfully submitted, Benjamin M. Lawsky Superintendent                                   

2)                                                           2014 Annual Report  Benjamin M. Lawsky, Superintendent      

3) INTRODUCTION ............................................................................................................................................................. 1  MAJOR ACCOMPLISHMENTS ......................................................................................................................................... 2  SUMMARY OF MAJOR ENFORCEMENT ACTIONS SINCE AGENCY’S INCEPTION ................................................................ 7  INSURANCE DIVISION OVERVIEW  ................................................................................................................................. 11  . BANKING DIVISION OVERVIEW ..................................................................................................................................... 13  CAPITAL MARKETS DIVISION OVERVIEW ....................................................................................................................... 14  REAL ESTATE FINANCE DIVISION OVERVIEW  ................................................................................................................ 15  . FINANCIAL FRAUDS AND CONSUMER PROTECTION DIVISION ...................................................................................... 16  LIQUIDATION BUREAU OVERVIEW ................................................................................................................................ 18  REGULATORY AND LEGISLATIVE ACTIVITIES ................................................................................................................. 19  REGULATIONS ................................................................................................................................................................ 19  INDUSTRY AND CIRCULAR LETTERS ............................................................................................................................... 19  CHANGES TO THE BANKING, INSURANCE AND FINANCIAL SERVICES LAWS ................................................................. 19  LEGISLATIVE RECOMMENDATIONS FOR 2015 ............................................................................................................... 19  BANKING STATISTICS ................................................................................................................................................... 20  SUMMARY OF SUPERVISED INSTITUTIONS ................................................................................................................... 20  CONDITION OF ALL PRINCIPAL BANKING AND LENDING FACILITIES IN NEW YORK ...................................................... 20  NEW YORK STATE CHARTERED AND LICENSED BANKING, LENDING AND FINANCIAL SERVICES INSTITUTIONS ........... 22  CONVERSION FROM FEDERAL CHARTER TO STATE CHARTER ....................................................................................... 23  BANK MERGERS AND ACQUISITIONS ............................................................................................................................ 23  LIQUIDATIONS ............................................................................................................................................................... 23  CONDITION OF SUPERVISED INSTITUTIONS .................................................................................................................. 24  CONDITION OF COMMERCIAL BANKS, TRUSTS AND PRIVATE BANKERS ...................................................................... 24  CONDITION OF SAVINGS BANKS AND THRIFTS ............................................................................................................. 31  CONDITION OF SAVINGS BANKS AND THRIFTS ............................................................................................................. 32  CONDITION OF SAFE DEPOSIT COMPANIES .................................................................................................................. 33  CONDITION OF CREDIT UNIONS .................................................................................................................................... 34  CONDITION OF CREDIT UNIONS .................................................................................................................................... 35  CONDITION OF ARTICLE XII INVESTMENT COMPANIES ................................................................................................. 36  CONDITION OF LICENSED LENDERS ............................................................................................................................... 37  INSURANCE COMPANY STATISTICS ............................................................................................................................... 39  GENERAL STATISTICS ..................................................................................................................................................... 39  LICENSES ISSUED DURING YEAR .................................................................................................................................... 39  CHANGES IN AUTHORIZED INSURERS  ........................................................................................................................... 40  . REPORTS FILED ON EXAMINATION OF AUTHORIZED INSURERS ................................................................................... 46  LIQUIDATION, CONSERVATION AND REHABILITATION PROCEEDINGS ......................................................................... 46  INSURANCE COMPANY PROCEEDINGS .......................................................................................................................... 46  DOMESTIC ESTATES AND CONSERVATION ESTATES â€ ASSETS & LIABILITIES ................................................................. 46  DOMESTIC ESTATES IN REHABILITATION â€ ASSETS & LIABILITIES .................................................................................. 46  LIQUIDATION AND REHABILITATION ACTIVITIES ........................................................................................................... 46  PROPERTY AND CASUALTY INSURANCE ........................................................................................................................ 51  PROPERTY/CASUALTY INSURANCE ENTITIES SUPERVISED BY THE DEPARTMENT ........................................................ 51  LICENSED PROPERTY/CASUALTY INSURER SELECTED DATA 2010‐2013  ....................................................................... 52  . 

4) PROPERTY/CASUALTY INSURER DIRECT PREMIUMS WRITTEN 2010‐2013 ................................................................... 53  PROPERTY/CASUALTY NET PREMIUMS WRITTEN ......................................................................................................... 54  FINANCIAL GUARANTY INSURERS SELECTED DATA ....................................................................................................... 54  MORTGAGE GUARANTY INSURERS SELECTED ANNUAL STATEMENT DATA ................................................................. 55  MORTGAGE GUARANTY INSURERS NET PREMIUMS WRITTEN AND SURPLUS ............................................................. 55  TITLE INSURANCE COMPANIES SELECTED DATA ........................................................................................................... 55  ADVANCE PREMIUM AND ASSESSMENT CORPORATIONS SELECTED DATA .................................................................. 56  HEALTH INSURANCE ...................................................................................................................................................... 56  HEALTH INSURANCE ASSETS, LIABILITIES AND PREMIUMS WRITTEN ........................................................................... 56  LIFE INSURANCE ............................................................................................................................................................ 57  LIFE INSURANCE COMPANIES REGULATED BY THE DEPARTMENT ................................................................................ 57  LIFE INSURANCE COMPANY ADMITTED ASSETS ............................................................................................................ 57  LIFE INSURER ASSETS, LIABILITIES, CAPITAL & SURPLUS ............................................................................................... 58  TOTAL LIFE INSURANCE IN FORCE (COMPANIES LICENSED IN NEW YORK STATE) ........................................................ 58  LIFE INSURANCE IN FORCE IN THE STATE OF NEW YORK .............................................................................................. 58  DOMESTIC LIFE INSURANCE COMPANIES ADMITTED ASSETS/INSURANCE IN FORCE .................................................. 59  FRATERNAL BENEFIT SOCIETIES ADMITTED ASSETS/INSURANCE IN FORCE ................................................................. 59  PRIVATE PENSION FUNDS ADMITTED ASSETS/INSURANCE IN FORCE .......................................................................... 59  PUBLIC RETIREMENT SYSTEMS AND PENSION FUNDS ADMITTED ASSETS/INSURANCE IN FORCE ............................... 60  SEGREGATED GIFT ANNUITY FUNDS ADMITTED ASSETS/INSURANCE IN FORCE 2001‐2011 ........................................ 60  FUNDS HELD BY OR DEPOSITED WITH THE SUPERINTENDENT ...................................................................................... 61  UNCLAIMED FUNDS FROM VOLUNTARY OR INVOLUNTARY BANK LIQUIDATIONS ...................................................... 61  PUBLIC MOTOR VEHICLE LIABILITY SECURITY FUND ..................................................................................................... 61  PROPERTY CASUALTY INSURANCE SECURITY FUND ...................................................................................................... 62  WORKERS COMPENSATION SECURITY FUND ................................................................................................................ 62  STATE TRANSMITTER OF MONEY INSURANCE FUND (STMIF) ....................................................................................... 63  DEPARTMENT ORGANIZATION AND MAINTENANCE .................................................................................................... 64  2014 DEPARTMENT RECEIPTS ....................................................................................................................................... 64  2013‐2014 STATE FISCAL YEAR INSURANCE EXPENDITURES ......................................................................................... 65  2013‐2014 STATE FISCAL YEAR BANKING EXPENDITURES............................................................................................. 66    

5) INTRODUCTION The Department is responsible for supervising and regulating the activities of over 1,600 insurance companies with assets exceeding $3.4 trillion and nearly 1,700 banking and other financial institutions with assets of more than $3.2 trillion. The Department is organized into five divisions: The Insurance Division supervises all insurance companies that do business in New York. The Division includes the Property, Life and Health Bureaus. The Banking Division supervises, through chartering, licensing, registering, and examining safety and soundness of banking and other financial institutions. The division is composed of the following groups: Foreign & Wholesale Banks, Community & Regional Banks and Licensed Financial Services. The Financial Frauds and Consumer Protection Division is responsible for protecting and educating consumers and fighting consumer fraud. The FFCPD encompasses the Civil Investigations Unit, the Criminal Investigations Unit; the Consumer Assistance Unit; the Disciplinary Unit; the Consumer Examinations Unit; the Student Protection Unit; and the Holocaust Claims Processing Office. The Capital Markets Division provides the Department's expertise in capital markets (bonds, equities, credit, derivatives, commodities), Enterprise Risk Management, financial analysis, IT, internal controls and audit, research, fiduciary controls, regulatory accounting, Bank Secrecy Act, anti-money laundering and new financial products. Capital Markets works with all the other Divisions in examinations and also conducts target examinations independently. The Division has the primary regulatory responsibility for the New York State based public retirement systems and financial guaranty insurance companies. The Real Estate Finance Division is responsible for regulating all real estate and homeowner issues, as well as such financial services as title insurance and mortgage insurance. The division includes Mortgage Banking and the Mortgage Assistance Unit. Data in this report are for the year 2014, unless stated otherwise. Financial data for the Department is for the fiscal year 2013-2014. To reduce reproduction costs, data that is posted on the Department website in the normal course of business, and that has been included in prior reports, is now instead referenced only on the website. DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 1  

6) MAJOR ACCOMPLISHMENTS Four years ago, in the wake of a devastating financial crisis, Governor Cuomo proposed creating the New York State Department of Financial Services (NYDFS) and appointed Benjamin M. Lawsky as the agency’s first superintendent. NYDFS supervises approximately 3,800 financial firms with assets totaling more than $7 trillion, including most of the large foreign banks operating in New York; the major U.S. and foreign insurance companies operating in New York; and other non-bank financial companies. In the four years since its creation, by employing a number of innovative and aggressive enforcement strategies, NYDFS has become recognized as an international leader in (1) policing Wall Street, (2) protecting consumers, and (3) regulating financial markets. INNOVATIVE AND AGGRESSIVE APPROACH TO WALL STREET ENFORCEMENT ï‚· Record $6 Billion in Penalties, Individual Accountability for Senior Executives. NYDFS has brought significant, civil enforcement actions against a number of the world’s largest banks, insurers, and mortgage companies for misconduct, including money laundering and foreclosure abuse. (To view a list of major NYDFS enforcement actions, please visit, link.) While NYDFS has levied nearly $6 billion in monetary penalties against financial firms (more than any state agency in history), it has also repeatedly stressed the importance of individual accountability for senior executives in its settlements, including through the termination of employees who engaged in misconduct. As Superintendent Lawsky noted in a 2014 speech in Washington, DC: “If we’re just getting large fines from the corporations . . . are we really deterring future bad conduct? . . . To get real deterrence, we need to have individuals who are personally held to account.” (See Financial Times: “Lawsky to step up assault on Wall Street’s corporate wrongdoing,” March 2014.) ï‚· Penalties for Senior Executives, Up to and Including the C-Suite. While NYDFS does not have authority to bring criminal prosecutions, it took a number of actions to expose and penalize misconduct by individual senior executives – including all the way up to the C-Suite, when appropriate. Among other actions, NYDFS required the Chief Operating Officer of France’s largest bank, BNP Paribas, and the Chairman of one of the United States’ largest mortgage companies, Ocwen Financial, to step down as part of enforcement actions brought against those companies. The Department has also banned multiple senior executives from participating in the operations of NYDFS-regulated institutions for engaging in misconduct. (See The New Republic: “Finally, a Financial Executive Is Sacked for His Company's Misdeeds,” December 2014; Bloomberg News, “Falcone Banned at Fidelity for 7 Years by N.Y.’s Lawsky,” October 2013.) ï‚· Accountability for Bank Consultants through a Century-old Statute. NYDFS became the first financial regulator to bring successful enforcement actions against bank consulting companies – including “Big 4” firms PwC and Deloitte – for their roles in helping large financial institutions whitewash misconduct. While other regulators stated that they did not have the DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 2  

7) ability to investigate and punish bank consultants, NYDFS unearthed and used a more than century-old statute to ban those firms from doing work at institutions regulated by the Department, among other penalties. (See New York Magazine: The Regulator Who’s Not Afraid of Wall Street, June 2013; New York Times: “Albany May Tighten Reins on Bank Consultants,” June 2013.) ï‚· Disrupting Terrorist Financing for Iran and Other Rogue Nations. Through enforcement actions against Standard Chartered Bank, BNP Paribas, Bank of Tokyo Mitsubishi-UFJ, RBS, and other major, international financial firms, NYDFS helped significantly raise the bar and stiffen the penalties imposed on financial institutions for illegally doing business with Iran, Sudan, and other rogue nations. (See Newsweek: “Regulator Benjamin Lawsky is the Man Banks Fear Most,” May 2014; Village Voice: “Benjamin Lawsky: The Main Who Picked a Fight with Wall Street,” September 2013; Politico: “Cuomo Aide Turned Wall Street Hammer” June 2013.) ï‚· Identifying and Investigating a New Front in Foreclosure Abuse. In the wake of the financial crisis, a number of large banks sold off their rights to service mortgages to more lightly regulated firms known as “non-bank mortgage servicers.” NYDFS commenced an aggressive and wide-ranging investigation – including “surprise” examinations – into non-bank mortgage servicers, shining a spotlight on foreclosure abuses in this industry and bringing enforcement actions to deliver relief to homeowners. (See Bloomberg News, “New York’s Lawsky Catches Mortgage Servicers by Surprise,” April 2014. The New Republic, “The Toughest Cop on Wall Street You’ve Never Heard Of: How Benjamin Lawsky is Making the Big Banks Pay,” April 2014.) CREATING A STATE-LEVEL CONSUMER FINANCIAL PROTECTION BUREAU AT NYDFS ï‚· Creating a State-level Consumer Financial Protection Bureau. One of the key missions that Governor Cuomo gave NYDFS was to protect consumers better than ever before. The Department moved quickly to create and build an aggressive consumer protection unit that won a number of victories for New Yorkers against abusive lenders and insurance companies. NYDFS work in this area has been cited as “nation-leading” and helped establish the agency as an “energetic consumer watchdog.” (See American Banker, “The Long Arm of Benjamin Lawsky,” August 2013.) ï‚· Combatting Illegal, Online Payday Lending Charging Interest Rates Over 1,000%. Payday lending is illegal in New York for good reason. Those predatory short-term loans, with interest rates as high as 1,000 percent, often trap borrowers in destructive cycles of debt from which they cannot escape. In some cases, however, lenders attempt to do an end run around New York’s prohibition on payday lending by offering loans over the Internet – and collecting on them using electronic payment and debit networks – in an effort to avoid prosecution. The Cuomo Administration has taken a series of steps to help stop illegal online payday lending in New York through a multi-faceted, full-court press. These include measures to cut off online DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 3  

8) payday lenders access to the bank payment system, which has helped lead a majority of the firms that NYDFS targeted to stop lending into New York. NYDFS was also the first regulator to bring a successful enforcement action against a payday loan “lead generation” firm, which market those illegal loans. (See National Memo, “Making Too Big to Fail Banks Help Poor Borrowers,” August 2013; New York Post, “Lawsky Cracks Down on Lender Backed by Montel Williams, March 2015.) ï‚· Helping Consumers Fight Back Against Abusive and Harassing Debt Collection Practices. In 2014 alone, New York consumers filed more than 20,000 complaints regarding debt collection practices. To help combat this problem, Governor Cuomo and NYDFS announced new, nationleading reforms. These new NYDFS regulations will provide consumers with important disclosures to help combat aggressive and deceptive practices that take advantage of confusion or fear; help stop attempts to sue to collect "zombie debts" where the statute of limitations has expired; establish a new debt "substantiation" requirement so that consumers can request information to avoid paying what they do not owe; and address other widespread abuses in the debt collection industry. (New York Daily News, “State will unveil new regulations on debt collectors, December 2014.) ï‚· Recovered $1 Billion in Unpaid Life Insurance Benefits for Consumers. In 2012, NYDFS launched an investigation that uncovered many insurance companies regularly received a list of recent deaths from the Social Security Administration, but were not using that list to determine if a policy holder had died. That means that if a family member did not know there was a life insurance policy or simply forgot to file a claim to the insurance company, the policy went unpaid. As a result, thousands of families did not receive life insurance benefits to which they were entitled. Working with those insurers, NYDFS helped recover more than $1 billion in unpaid life insurance benefits for consumers stuck on the books of insurers, including nearly $400 million for New Yorkers. (Associated Press, N.Y. find $1.1B in Unpaid Life Insurance Nationwide, July 2013) ï‚· Reforming “Force-Placed” Home Insurance Practices That Pushed Borrowers over the Foreclosure Cliff. NYDFS helped reform and clean up a little-known area of the financial industry – rife with kickbacks and consumer abuses – called force-placed insurance, which stuck already struggling borrowers with inflated home insurance costs, threatening to push them over the foreclosure cliff. (New York Times, “New York Investigates Home Insurance Payments to Banks,” May 2012.) ï‚· Stopping Surprise, Out-of-Network Medical Bills That Slam Consumers. NYDFS helped push for passage of legislation in the 2014-15 state budget that Governor Cuomo proposed to protect consumers from surprise, out-of-network medical bills. (New York Times, New York Curbs Medical Bills Containing Surprises, March 2014.) ï‚· Reforming Inflated Title Insurance Costs. NYDFS conducted an extensive investigation into the title insurance industry, which was sticking consumers with the bill for lavish entertainment expenses and other inflated costs. That investigation led to reforms that will help provide DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 4  

9) significant savings to homeowners – in some cases, as much as 60 percent on their title insurance bill. (See New York Post, Cuomo plan would slash title fees by up to 60 percent, January 2014.) ï‚· Helping New Yorkers Recover after Natural Disasters. NYDFS has helped consumers recover and deal with their insurance companies and other financial institutions in the wake of natural disasters, such as Superstorm Sandy and Irene. Governor Cuomo has deployed DFS Mobile Command Centers to more than 100 locations throughout New York in the aftermath of major disasters, as well as taken a number of steps through the Department to help speed up relief payments owed to affected New Yorkers from banks and insurers. (See New York Daily News, State: 10 slow banks holding onto millions in Sandy relief funds, March 2013.) ï‚· An Innovative Use of the Federal Dodd-Frank Law to Protect New York Consumers. In 2014, NYDFS brought a lawsuit against Condor Capital Corporation, a subprime auto lender based in Long Island, after a Department investigation uncovered that the company deceptively retained millions of dollars owed to vulnerable borrowers and overcharged them for interest in violation of the Truth in Lending Act. The lawsuit against Condor (Lawsky v. Condor) was the first legal action initiated by a state regulator under section 1042 of the federal Dodd-Frank Wall Street Reform and Consumer Protection Act, which empowers state regulators to bring civil actions in federal court for violations of Dodd-Frank’s consumer protection requirements. After the lawsuit, Condor agreed to make full restitution plus nine percent interest to all aggrieved customers nationwide (an estimated $8-9 million), pay a $3 million penalty, and admit violations of New York and federal law. (See, New York Times, New York Financial Regulator Uses Dodd-Frank to Sue Auto Lender, April 2014) ADDRESSING NEW FINANCIAL PRODUCTS AND RISKS ï‚· Helping Strengthen Bank Cyber Hacking Defenses. NYDFS has been an international leader in sounding the alarm on the threat cyber hacking poses to consumers and financial markets. In response to those risks, NYDFS has undertaken a number of actions to help propel banks and insurance companies to strengthen their cyber defenses, including targeted examinations and proposing new regulations requiring stronger cyber security preparedness. (See, UK Guardian, “US regulator raises alarm for 'Armageddon-type' cyber attack,” September 2014; Financial Times, “NY bank regulator steps up online security demands,” December 2014.) ï‚· Blowing the Whistle on “Shadow Insurance.” In 2012, NYDFS commenced a multi-year investigation into “Shadow Insurance” — a little-known loophole putting taxpayers and policyholders at greater risk. Insurance companies use shadow insurance to shift blocks of insurance policy claims to special entities — often in states outside where the companies are based, or else offshore (e.g., the Cayman Islands) — in order to take advantage of looser reserve and regulatory requirements. Reserves are funds that insurers set aside to pay policyholder claims. This financial alchemy, however, does not actually transfer the risk for those insurance policies off the parent company’s books because, in many instances, the parent company is ultimately still on the hook for paying claims if the shell company’s weaker DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 5  

10) reserves are exhausted through a “parental guarantee.” NYDFS’ investigation uncovered and exposed that New York-based insurers and their affiliates are on the hook for at least $48 billion in hidden ‘shadow insurance’ transactions through shell companies in other states and offshore. What’s worse, many of these companies are using this scheme to avoid billions of dollars in taxes. (New York Times, “Insurers Inflating Their Books, New York Regulator Says, June 2013; New York Times, Life Insurers Use State Laws to Avoid as Much as $100 Billion in U.S. Taxes, December 2014.) ï‚· Virtual Currency Regulation. In 2013, NYDFS launched an extensive inquiry into the appropriate regulatory guidelines for the virtual currency industry, including public hearings that the Department held in January 2014. Using the information gathered during that inquiry, NYDFS proposed a first-in-the nation, comprehensive regulatory framework for firms dealing in virtual currency, including Bitcoin. The regulatory framework contains key consumer protection, anti-money laundering compliance, and cyber security rules tailored for virtual currency firms. (See Forbes, “New York's Financial Regulator, Benjamin Lawsky, Maintains Lead on Bitcoin Regulation,” July 2014.) ï‚· Strengthening Retirement Protections by Cracking Down on Private Equity Companies. As part of its regulatory work, NYDFS uncovered and highlighted a spike in private equity firms moving into the annuity business. This trend raised concerns since private equity firms typically have a more short-term oriented business model than traditional insurers, and the annuity business is focused on ensuring long-term security for policyholders. As such, NYDFS reached agreements with a number of the largest private equity firms involved in the annuity business requiring those firms to put in place a set of heightened policyholder protections. These policyholder protections include heightened capital standards; the establishment of a separate, additional “backstop” trust account dedicated to further safeguarding policyholder claims; enhanced regulatory scrutiny of investments, operations, dividends, and reinsurance; and other strengthened disclosure and transparency requirements. (Huffington Post, Ben Lawsky Weighs Crackdown on Private Equity Firms, May 2013.) DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 6  

11) SUMMARY OF MAJOR ENFORCEMENT ACTIONS SINCE AGENCY’S INCEPTION Date  Company  Misconduct  Monetary  Penalty  Notable Terms   4/23/2015  Deutsche Bank  (Germany's  Largest Bank)  $600,000,000   Manipulation of  Benchmark Interest  Rates, Including  LIBOR  Bank moves to terminate and ban  multiple executives who engaged in  misconduct; installs independent  monitor  3/12/2015  Commerzbank   (Germany's 2nd  Largest Bank)  $610,000,000   Sanctions/  Anti‐Money  Laundering  Compliance (Iran,  Sudan, & Other  Sanctioned Clients)  Bank moves to terminate multiple  executives who engaged in  misconduct, including the individual  serving as the head of regional  compliance for the New York  branch during relevant period;  installs independent monitor  3/11/2015  MoneyMutual  (Payday Loan  "Lead  Generator")  Marketing Payday  Loans in Excess of  NY's Interest Rate  Caps  $2,100,000   First successful enforcement action  nationwide against a payday loan  "lead generator;" Montel Williams  withdraws endorsement of NY  payday loans  12/22/2014  Bank Leumi   (Israel's Largest  Bank)  Facilitating Tax  Evasion  $130,000,000   Bank moves to terminate three  individual senior employees; ban  Chief Administrative Officer from  compliance activities; install  monitor   12/22/2014  Ocwen   (Largest  Subprime  Mortgage  Servicer in the  U.S.)  Mortgage  Misconduct  $150,000,000   Chairman of Ocwen and related  companies steps down; company  appoints two independent board  members; $10,000 in restitution for  each foreclosed New York  borrower; access to loan files for all  borrowers; continued ban on  acquiring mortgage servicing rights;  extend monitorship for three years  12/19/2014  Condor Capital  (Subprime Auto  Lender)  Consumer Abuses  in Subprime Auto  Lending  $3,000,000   First state regulator to bring federal  suit under new consumer  protection authority provided in  Dodd‐Frank; obtained $8‐9 million  in restitution for abused consumers;  company surrenders license and  liquidates   DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 7  

12) Date  Company  11/18/2014  Bank of Tokyo  Mitsubishi II  (Japan's Largest  Bank)  Misconduct  Monetary  Penalty  Deceived NYDFS on  $315,000,000   Anti‐Money  Laundering   Consulting Report  regarding  Iran/Sudan/  Myanmar  Transactions  Notable Terms   The additional $315 million penalty  was imposed after an original $250  million penalty from June 2013,  after NYDFS discovered the bank  deceived the Department during  the previous settlement  negotiations (bringing the total  monetary penalty to $565 million).  Bank terminates a senior employee  and NYDFS bans two additional  senior employees from conducting  business with New York banks.  Independent monitor's term  extended an additional 18 months    10/31/2014  AIG  $35,000,000   Unlicensed  insurance activity;  intentional  misrepresentations  to regulators  The $35 million penalty is in  addition to the $50 million penalty  previously imposed on MetLife â€â€  the company to which AIG sold the  subsidiaries involved in the  misconduct    8/19/2014  Standard  Violations of 2012  Chartered Bank II  Consent Order  Regarding Anti‐ money Laundering  Compliance  $300,000,000   The additional $300 million penalty  was imposed after an original $340  million penalty in August 2012, after  NYDFS discovered the Bank violated  its consent order (bringing the total  monetary penalty to $640 million).  The Bank was also required to  suspend dollar clearing through its  New York Branch for high‐risk retail  business clients at its SCB Hong  Kong subsidiary; exit high‐risk client  relationships within certain  business lines at its branches in the  United Arab Emirates; and not  accept new dollar‐clearing clients or  accounts across its operations  without prior approval from NYDFS.  The term of NYDFS' independent  monitor was also extended two  years.    DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 8  

13) Date  Company  Misconduct  Monetary  Penalty  Notable Terms   8/18/2014  Pricewaterhouse Coopers("Big  Four" Auditing &  Consulting Firm)  Whitewashing  Report to  Regulators on  Money Laundering  at Bank of Tokyo  Mitsubishi  $25,000,000   PwC Regulatory Advisory Services  unit was banned from regulatory  consulting work at NYDFS‐regulated  institutions for 24 months; PwC  claws back compensation for  partner involved in the engagement  and implements new code of  conduct on consulting  independence   6/30/2014  BNP Paribas  (France's Largest  Bank)  Sanctions/  Anti‐Money  Laundering  Compliance  (Sudan; Iran, Cuba)  $2,243,400,000  13 senior employees, including  Chief Operating Officer, terminated  or separated from Bank; suspend  U.S. dollar‐clearing operations  through its New York Branch or its  other U.S. affiliates for one year at  BNPP business lines on which the  misconduct centered; extend  independent monitor's term an  additional two years  5/19/2014  Credit Suisse  Facilitating Tax  Evasion  $715,000,000   Terminate three senior employees  involved in the misconduct; install  independent monitor at the Bank  for up to two years  3/31/2014  MetLife  Unlicensed  Insurance Activity  $50,000,000   NYDFS later imposed an additional  $35 million fine on AIG (the  company that sold MetLife the  subsidiaries involved in this  misconduct)  3/17/2014  AXA Equitable  Violating Consumer  $20,000,000   Protection Laws on  Annuity Products  Largest insurance‐related fine in  Department history for Insurance  Law consumer protection violations  $50,000,000   Sanctions/  Anti‐Money  Laundering  Compliance (Iran,  Sudan, & Other  Sanctioned Clients)  Bank required to terminate four  senior employees, including RBS’s  Head of Global Banking Services for  Asia, Middle East and Africa, and  Head of the Money Laundering  Prevention Unit for Corporate  Markets  12/11/2014  RBS      DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 9  

14) Date  Company  Misconduct  Monetary  Penalty  Notable Terms   6/20/2013  Bank of Tokyo  Mitsubishi  (Japan's Largest  Bank)  Sanctions/  Anti‐Money  Laundering  Compliance (Iran,  Sudan, &  Myanmar)  $250,000,000   Bank later penalized an additional  $315 million in November 2014 for  deceiving the Department during  the course of settlement  negotiations  6/18/2013  Deloitte  $10,000,000   Whitewashing  Report to  Regulators on Anti‐ money Laundering  Compliance at  Standard Chartered  Bank  5/30/2013  American  Modern; Chubb,  Fidelity and  Deposit Company  of Maryland,  FinSecure  Force‐placed  Insurance  Kickbacks;  Insurance Law  Violations  $1,000,000   Extended NYDFS force‐placed  insurance reforms banning  kickbacks and other consumer  abuses to 100 percent of the New  York market  4/18/2013  QBE   (2nd Largest  Force‐placed  Insurer in the  U.S.)  Force‐placed  Insurance  Kickbacks;  Insurance Law  Violations  $10,000,000   Company implements NYDFS force‐ placed insurance reforms banning  kickbacks and other consumer  abuses   3/21/2013  Assurant  (Largest Force‐ placed Insurer in  the Country)  Force‐placed  Insurance  Kickbacks;  Insurance Law  Violations  $14,000,000   Company implements NYDFS force‐ placed insurance reforms banning  kickbacks and other consumer  abuses   8/14/2012  Standard  Chartered Bank  $340,000,000   Sanctions/  Anti‐Money  Laundering  Compliance (Iran &  Other Sanctioned  Clients)  First successful enforcement action  in the country against a consultant  by a bank regulator. Deloitte  banned from regulatory consulting  work at NYDFS‐regulated  institutions for 12 months;  implements new code of conduct  on consulting independence  Bank subsequently paid an  additional $300 million penalty in  August 2014 for violating the  August 2012 consent order  DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 10  

15) INSURANCE DIVISION OVERVIEW Property Bureau The Property Bureau supervises more than 882 regulated entities, writing net premiums totaling more than $369 billion. The Property Bureau oversees the financial condition and market conduct of property and casualty insurance companies in order to monitor the financial solvency of licensees and to maintain an equitable marketplace for policyholders. The Property Bureau’s Financial Section conducts examinations and analyses, which includes reviewing and monitoring the financial condition of regulated entities; reviewing mergers, acquisitions and transactions within holding company systems; reviewing applications for licensing of domestic and foreign insurers; reviewing applications for accreditation of foreign and alien reinsurers; reviewing applications to qualify as a certified reinsurer; and reviewing applications for registration as a service contract provider. The Property Bureau Market Section reviews policy forms and rate filings for all lines of business, including workers’ compensation, private passenger and public automobile and medical malpractice insurance rates. In addition, the Bureau oversees the American Arbitration Association’s (AAA) administration of conciliation and arbitration of no-fault auto insurance claims disputes and monitors the excess and surplus lines insurance market, as well as risk retention groups and purchasing groups organized pursuant to the Federal Risk Retention Act. The Bureau conducts investigations of property and casualty insurers' underwriting, rating and claims practices for compliance with New York statutes and Department Regulations. The findings of these investigations may require that the Department take disciplinary action against these insurers. As a result of investigations completed in 2014, New York policyholders and claimants were refunded premiums and interest in excess of $1.8 million. Companies also stipulated to enforcement penalties of $2,845,750. Health Bureau The Health Bureau regulates health insurers with total assets of $38.4 billion and premiums totaling $34.3 billion. The Health Bureau has responsibility for all aspects of health insurance regulation, including the premium rates and policy forms; legal aspects of health insurance, including compliance, drafting regulations and legislation; and reviewing discontinuances of health insurance coverage. The Health Bureau also regulates the fiscal solvency of accident and health insurance companies, Article 43 not-for-profit health plans, health maintenance organizations (HMOs), municipal cooperative health benefits plans and continuing care retirement communities, including review of financial statements and holding company transactions. The Health Bureau conducts financial and market conduct examinations to ensure compliance with statutory and financial solvency requirements, as well as proper treatment of policyholders. The financial examinations focus on high-risk areas of an entity’s operations and include corporate governance, internal controls, current and prospective risk assessment, and review of material transactions. DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 11  

16) The Health Bureau also runs the Healthy NY program and the COBRA program which provide insurance coverage to vulnerable small businesses and individuals meeting certain eligibility criteria. In addition, the Health Bureau oversees the Market Stabilization Pools, the Healthy NY Stop Loss Funds and the Direct Payment Stop Loss Funds which are risk adjustment mechanisms for individual, small group and Medicare Supplement coverage. In conjunction with the Department of Health, the Health Bureau also oversees the NYS Medical Indemnity Fund which provides the cost of health care needs of patients with neurological impairments deemed by the courts to be birth-related. In addition, the Bureau is responsible for implementing New York’s landmark out-of-network surprise bill legislation and works closely with the Governor’s Office and the Department of Health on implementing federal health care reform. Life Bureau The Life Bureau supervises more than 637 regulated entities, including 133 licensed life insurance companies with assets of more than $2.9 trillion and premiums of more than $227 billion. The 133 life insurers supervised by the bureau include 79 domiciled in New York and 54 foreign domiciled insurers. In addition, the bureau supervises: 36 fraternal benefit societies; 12 retirement systems, including four private pension funds and eight governmental systems; nine governmental variable supplements funds; 358 charitable annuity funds; 22 employee welfare funds; 30 life settlement providers; 28 accredited reinsurers and nine certified reinsurers. The Life Bureau regulates financial condition through: the establishment and application of financial standards (risk-based capital, reserves, accounting, etc.); the periodic examination of insurance companies’ financial activities; the evaluation of reserve adequacy and liquidity and other risks; the review of life products for self-support and potentially excessive risk; and the analysis of financial statements and actuarial reports and opinions submitted by regulated entities. Such Bureau processes are performed to verify that statutory and regulatory financial standards are met and to ensure that insurers can meet their financial and contractual obligations. The Life Bureau regulates market conduct through: the establishment of market conduct standards (product provisions, replacements, claims practices, etc.); the periodic examination of insurance companies’ sales and marketing practices and treatment of policyholders; the investigation of specific or targeted market activities; and the analysis of market data. These processes are performed to: ensure compliance with statutory and regulatory requirements; ensure that policyholders are treated fairly and equitably by insurers in accordance with prescribed standards of conduct; and protect the marketplace by preventing and/or limiting practices that constitute unfair trade practices or unfair methods of competition. The Life Bureau reviews and approves life insurance policies, annuity contracts, funding agreements, and all other agreements and policy forms relating thereto submitted by authorized life insurers and other regulated entities for sale in New York to individual or group consumers for compliance with applicable laws, rules and regulations. Legal and actuarial reviews are performed to ensure that New York consumers receive the protection afforded by New York law and regulations and to ensure that such consumers are treated in a fair and equitable manner by authorized life insurers and other regulated entities. DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 12  

17) The Life Bureau regulates the corporate conduct of authorized insurers through: the establishment of corporate standards (corporate governance, holding company, licensing requirements, etc.); the enforcement of statutory and regulatory corporate governance standards; and the review and approval of activities including licensing, corporate reorganizations, mergers, acquisitions, demutualization and holding company transactions. In so doing, the Bureau verifies that statutory and regulatory requirements are met; ensures the prudent conduct of insurers; and protects policyholder interests. BANKING DIVISION OVERVIEW Community and Regional Banks Community and Regional Banks (CRB) is responsible for the prudential regulation of community and regional banks, credit unions, and other depository institutions through annual and periodic target examinations and continuous supervision. CRB staff review the compliance of the supervised institutions with applicable New York State and Federal laws and regulations. CRB partners with the FDIC, the Federal Reserve Bank of New York (FRB), and the National Credit Union Administration (NCUA) in joint supervision. In 2014, CRB had supervisory oversight of a total of 86 banks and savings institutions, including 54 commercial banks, 22 savings banks, 8 limited-purpose commercial banks and 2 savings and loan associations. CRB also provides regulatory supervision for 20 credit unions with total assets ranging from $1 million to $1.8 billion, limited purpose trust companies, charitable foundations, bank holding companies, and three New York State regulated corporations. The aggregate assets of institutions supervised by CRB are more than $264 billion. During 2014, the economic environment continued to improve. No CRB institutions were closed during the year. Foreign and Wholesale Banks During 2014, Foreign and Wholesale Banks (FWB) was active in the areas of recovery and resolution planning of Foreign Banking Organization branches and agencies. The purpose of recovery and resolution planning is to “end Too-Big-To-Fail” by developing regulatory tools and establishing regulatory cooperation necessary to resolve a global systemically important bank (“G-SIB”) without recourse to taxpayer funds and without imperiling the orderly functioning of financial markets. The Department participated in the several crisis management group meetings, which are multilateral meetings among regulators and G-SIBs on recovery and resolution planning. Additionally, it maintained active dialogue with fellow US and foreign regulators and hosted a meeting with representatives of the Canadian Deposit Insurance Corporation on resolution planning. On February 18, 2014, the Department submitted a comment letter to the Federal Deposit Insurance Corporation regarding its proposed single point of entry strategy for the resolution of systemically important financial institutions. The letter concurred with the FDIC’s focus on developing a SPOE strategy to carry out the resolution of a G-SIB and classed the FDIC’s work in this regard as an important contribution to ending “Too Big To Fail.” The letter advocated that, in order to be workable, a global resolution strategy be structured to accommodate the supervisory concerns of host country regulators who would likely engage their supervisory authority in the period prior to a resolution to protect the interests of domestic creditors and depositors and highlighted practical challenges that a host regulator may have to consider when a SPOE resolution strategy is proposed. DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 13  

18) Finally, DFS put this theory into practice, when one of our institutions, Banco Espirito Santo, was resolved by its home authority. On August 4th, 2014, the Portuguese authorities announced the going concern resolution of Banco Espirito Santo, the country’s second largest lender. The mechanism by which this was accomplished was a bridge bank, a structure into which the “good assets” of the bank were placed, creating a new legal entity. The equity and certain long term debt remained behind in a “bad bank,” forcing the former owners and certain subordinated creditors to take losses and the new entity to recapitalize using the resolution fund provided by industry. Legally, placing an institution into a bridge structure in this manner creates an entirely new legal entity and requires an entirely new license. DFS worked closely with our Federal regulatory partners, the Portuguese authorities and the bank in the period prior to the resolution as well as over the weekend as the decision to resolve the bank was taken. We were able to protect the interests of New York creditors and issue a license to the successor bank’s New York branch in time to allow it to open normally for business that Monday, ensuring the new bank’s ability to continue to operate without disrupting the New York financial system or the financial system in its home market. Licensed Financial Services The Licensed Financial Services Division (LFS) supervises budget planners, check cashers, licensed lenders, money transmitters, premium finance agencies, and sales finance companies. At year-end 2014, the Department had regulatory oversight of 42 budget planners, 128 check cashers, 19 licensed lenders, 86 money transmitters, 51 premium finance agencies, and 104 sales finance companies. Improvement in economic conditions continued in 2014, and with the exception of check cashers our licensees remained stable in numbers. Check cashers declined due to compression of margins and merger and acquisition activity favoring larger operators. As the number of check casher locations declined by 21%, services to the non-banked community most likely have experienced some negative impact. CAPITAL MARKETS DIVISION OVERVIEW The Capital Markets Division provides the Department's expertise in capital markets (bonds, equities, credit, derivatives, commodities), Enterprise Risk Management, financial analysis, IT, internal controls and audit, research, fiduciary controls, regulatory accounting, Bank Secrecy Act, anti-money laundering and new financial products. Capital Markets works with all the other Divisions in examinations and also conducts target examinations independently. The Division has the primary regulatory responsibility for the New York State based public retirement systems and financial guaranty insurance companies. As the supervisor of New York State’s actuarially funded public retirement systems, Capital Markets continued its examinations of the New York State and Local Employee Retirement System, and the New York City Employee Retirement System, and commenced examination of the New York City Teachers’ Retirement System, the New York City Fire Department Pension Fund, and the New York City Board of Education Retirement System. After investigating acquisitions of life insurance companies with substantial annuity operations, and reaching agreements with investment firms that agreed to put in place heightened policyholder protections as part of acquisitions, the Department drafted revisions to add the protections obtained in those agreements to existing regulations concerning insurance acquisitions. The revised regulation took effect in November 2014. DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 14  

19) Additionally, Capital Markets, together with the Banking and Insurance Divisions, continues to monitor developments concerning the cyber security practices of regulated companies. Capital Markets is in the process of updating and expanding the scope of examinations it conducts in this fastchanging area. Also, Capital Markets held hearings concerning virtual currency activities in January 2014. Regulations for virtual currency businesses were then drafted and published in July 2014. After receiving and reviewing thousands of public comments on the initial version, a revised regulation was published for public comment in February 2015.   REAL ESTATE FINANCE DIVISION OVERVIEW The Real Estate Finance Division is responsible for regulating all real estate and homeowner issues, ranging from mortgage origination and servicing to the foreclosure crisis. In addition, the Division became the clearinghouse for Storm Sandy response operations, assisting homeowners whose lives were upended by the storm. The Division is responsible for the operation and oversight of three operating units: the Mortgage Banking Unit, the Mortgage Assistance Unit, and the Mobile Command Center. Mortgage Banking The Mortgage Banking Unit is responsible for the licensing and supervision of mortgage bankers, mortgage brokers, mortgage loan servicers, and mortgage loan originators conducting business in New York State. At year-end 2014, Mortgage Banking supervised 653 registered mortgage brokers and 177 licensed mortgage bankers operating through 154 and 512 branch offices, respectively. Mortgage Banking also has supervisory authority for 38 registered mortgage loan servicers and 7003 licensed mortgage loan originators. Mortgage Assistance Unit The mission of the Mortgage Assistance Unit (MAU) is to ensure that mortgage bankers, brokers, servicers, and loan originators licensed by the Department are in compliance with applicable laws and regulations in providing financial services to New York residents. To achieve this end, the MAU acts as an intermediary between consumers and financial institutions to resolve requests for assistance and answer inquiries concerning real estate-related financial products. The MAU works together with the Real Estate Finance Division to identify patterns of non-compliance and advise the Superintendent on emerging policy issues. Mobile Command Center The Mobile Command Center (MCC) is a mobile office staffed with DFS specialists who assist homeowners at various stages of pre-foreclosure and foreclosure. The MCC travels statewide to communities hardest hit by the foreclosure crisis to help homeowners obtain mortgage loan modifications or other alternatives short of foreclosure, to take complaints from homeowners who believe that they have been subjected to lender or mortgage servicer abuses, and to provide information to homeowners about other New York State resources that may be available. The MCC also deploys DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 15  

20) statewide in response to emergencies and natural disasters to assist victims with homeowner and insurance-related issues. FINANCIAL FRAUDS AND CONSUMER PROTECTION DIVISION The Department’s Financial Frauds and Consumer Protection Division (FFCPD) is responsible for combating insurance and banking fraud, as well as frauds against users of financial products and services including consumers and investors. The Division also conducts performance evaluations in consumer compliance, fair lending and the Community Reinvestment Act. As required by the Financial Services Law, the FFCPD submitted its 2014 Annual Financial Fraud and Consumer Protection Division Report on March 15, 2015. The FFCPD encompasses the Civil Investigation Unit, the Criminal Investigation Unit; the Consumer Assistance Unit; the Consumer Examinations Unit; the Disciplinary Unit; the Student Protection Unit; and the Holocaust Claims Processing Office. Civil Investigations Unit The Civil Investigations Unit includes a staff of attorneys investigating civil financial fraud and misconduct, including violations of the financial services law, other consumer and fair lending laws, the banking law and the insurance law. In 2014, the Civil Investigations Unit conducted investigations in a number of areas including: payday lending (including payday loan lead generators and investors in payday lenders), the student debt relief industry, providers of car sharing services, automobile insurance pricing, variable annuity guaranteed living benefits, global group insurance benefits and the debt collection and debt buying industries. Criminal Investigations Unit The Criminal Investigations Unit (CIU) conducts specialized investigations into criminal conduct involving the financial services industry and works cooperatively with law enforcement and regulatory agencies at the federal, state, county and local levels. The CIU handles banking criminal investigations and insurance frauds. Consumer Assistance Unit The Consumer Assistance Unit (CAU) is responsible for receiving, investigating and resolving consumer complaints involving insurance, banking and other financial issues through informal mediation and negotiation. CAU also includes a unit that investigates complaints against licensed insurance producers. In 2014, the CAU recovered $40,804,348 for 6646 consumers, which included refunds from insurers, reinstatement of lapsed coverage, payment for denied medical claims, and coverage of disaster-related claims that had been previously denied. Within CAU, the Producer Licensing Unit reviews applications, issues licenses and processes renewals for insurance companies as well as licensed producers, including agents, brokers, adjusters, bail bond DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 16  

21) agents, life settlement brokers, providers and intermediaries. In 2014, the Producer Licensing Unit issued 172,257 licenses. Disciplinary Unit The Disciplinary Unit oversees the activities of licensed individuals and entities who conduct insurance business in New York State, including producers (agents and brokers), limited lines producers, independent and public adjusters, reinsurance intermediaries, bail bond agents, and viatical settlement brokers. The goals of the Unit are to protect the public and ensure that licensees act in accordance with applicable insurance laws and Department regulations.  In collaboration with the Producer Licensing Unit of CAU, the Disciplinary Unit monitors the insurance marketplace to determine if unlicensed activity is occurring and, if necessary, takes steps to ensure that individuals or entities either achieve compliance or cease activities. The attorneys in the Disciplinary Unit bring disciplinary proceedings against licensees for violations of the Insurance Law. When a violation of the Insurance Law is proven, an administrative sanction may be imposed resulting in license revocation or suspension, the denial of pending applications, or monetary penalties imposed with corrective actions to address violations. Consumer Examinations and Community Development Unit The mission of the Consumer Examination Unit (CEU) is to maintain and enhance consumer confidence in New York’s banking system by ensuring that regulated institutions abide by the State’s consumer protection, Fair Lending and Community Reinvestment Act (CRA) regulations; increase consumer access to traditional banking services in under-served communities by effectively administering the Department’s Banking Development District program and other community development initiatives; and harmonize the FFCPD’s examination and enforcement activities with those of the Department’s federal counterparts. Student Protection Unit The mission of the newest unit within FFCPD is to serve as consumer watchdog for New York’s students. SPU is dedicated to investigating potential consumer protection violations and distributing clear information that students and their families can use to help them make informed, long-term financial choices. Holocaust Claims Processing Office The Holocaust Claims Processing Office (HCPO) helps Holocaust victims and their heirs recover assets deposited in banks, unpaid proceeds of insurance policies issued by European insurers, and artworks that were lost, looted or sold under duress. The HCPO accepts claims for Holocaust-era looted assets from anywhere in the world and charges no fees for its services. HCPO has successfully closed the cases of 2,127 individuals in which either an offer was accepted, the claims process to which the claim was submitted issued a final determination, the assets claimed had been previously compensated via a postwar restitution or compensation proceeding. The combined total of offers extended to HCPO claimants for bank, insurance, and other asset losses amounts to $171,720,702 and a total of 94 cultural objects have been restituted. The 2014 HCPO Annual Report is available on our website. DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 17  

22) LIQUIDATION BUREAU OVERVIEW The New York Liquidation Bureau (NYLB) is the office that carries out the duties of the New York Superintendent in his capacity as receiver of impaired or insolvent insurance companies under New York Insurance Law Article 74. The NYLB receives no funding from the State budget; rather, its costs are paid from the assets of the estates under receivership, as well as expense reimbursements from the New York Property/Casualty Insurance Security Fund and the Public Motor Vehicle Liability Security Fund, established under Insurance Law Article 76, and the Workers’ Compensation Security Fund, established under New York Workers’ Compensation Law Article 6-A, which are paid from assessments on industry. For each estate, the Superintendent is appointed Receiver by the Supreme Court of the State of New York. Thereafter, the Receivership Court approves the actions of the Receiver and, by extension, the NYLB. In 2014, the NYLB distributed $153 million in estate assets to insurance policyholders, claimants and creditors, while also closing over 3,500 outstanding policyholder claims. Acting as an agent of the Receiver, the NYLB maximizes the assets and resolves the liabilities of the estates. The goal is to rehabilitate the companies and put them back into operation or, if that is not possible, liquidate them in order to distribute their assets to policyholders and creditors. In addition, the NYLB performs claims-handling and certain payment functions relating to the Security Funds. The Security Funds pay eligible claims remaining unpaid if an insolvent insurer does not have sufficient assets to meet its obligations to policyholders. As of December 31, 2014, the NYLB was managing forty-one insurance company proceedings. During 2014, two new proceedings were commenced; one was the conversion of a rehabilitation to a liquidation (Professional Liability Insurance Company of America) and the other was a domestic liquidation proceeding (UHAB Mutual Insurance Company). During 2014, fifteen receivership proceedings were completed, of which eight were domestic liquidation proceedings (Capital Mutual Insurance Company, Carriers Casualty Company, Colonial Indemnity Insurance Company, Consolidated Mutual Insurance Company, Galaxy Insurance Company, Home Mutual Insurance Company of Binghamton, N.Y., New York Merchant Bakers Insurance Company, Whiting National Insurance Company); four were ancillary proceedings (Acceleration National Insurance Company, Amwest Surety Insurance Company, Security Indemnity Insurance Company, Shelby Casualty Insurance Company); two were conservation proceedings (Folksam International Insurance Company (UK) Limited and Legion Indemnity Insurance Company); and one rehabilitation proceeding was converted to a domestic liquidation proceeding (Professional Liability Insurance Company of America). DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 18  

23) REGULATORY AND LEGISLATIVE ACTIVITIES REGULATIONS Proposed, adopted on an emergency basis, and final adoptions of regulations completed during 2014 can be found on our website. INDUSTRY AND CIRCULAR LETTERS Banking Industry Letters and Insurance Circular Letters can be found on our website. CHANGES TO THE BANKING, INSURANCE AND FINANCIAL SERVICES LAWS Legislative Summaries regarding changes to Insurance, Banking, Financial Services and related laws can be found on our website. LEGISLATIVE RECOMMENDATIONS FOR 2015 ï‚· Out of Network: This bill amends laws to provide several enhanced protections to consumers regarding coverage for out-of-network services. ï‚· Title Agent Licensing: This bill would give DFS authority to issue licenses to title insurance agents. ï‚· No-Fault Reform: This bill amends the Insurance Law to expand the authority of the Superintendent of Financial Services to prohibit a provider of health services from demanding or requesting payment for health services rendered under Article 51 of the Insurance Law if the Superintendent determines that the provider has engaged in certain activities, and to permit the Superintendent to request information from, and examine, a provider of health services. ï‚· Life Guaranty Fund: Article 77 of the Insurance Law sets up a mechanism to provide funds to protect New York residents against a life insurer’s failure to perform its contractual obligations under life insurance policies, annuity contracts, accident and health insurance policies, funding agreements and supplemental contracts. Under current law, the Guaranty Corporation may assess member insurers for the funds necessary to meet the contractual obligations of an insolvent life insurer up to a $558 million cap for the entirety of all such failed insurers. This bill permits the Guaranty Corporation to assess member insurers for amounts above the current cap which will ensure the protection of New Yorkers in the event of a life insurer’s insolvency in the future. ï‚· Bail Bond Reform: This bill amends the Insurance Law to enable DFS to more effectively regulated licensed bail agents. ï‚· Omnibus (Insurance, Banking, Foreclosure): This bill amends the Insurance Law to meet NAIC accreditation standards. The bill also extends various laws in the area of property insurance and foreclosure relief that would otherwise expire during 2014 and 2015. DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 19  

24) BANKING STATISTICS SUMMARY OF SUPERVISED INSTITUTIONS CONDITION OF ALL PRINCIPAL BANKING AND LENDING FACILITIES IN NEW YORK  Number of Institutions  Assets  Dollars in Thousands  New York State  NYC  Rest of State  All Institutions *  723  296  414  3,174,052,359 2,815,806,100 358,246,259  Commercial Banks **  129  59  70  804,119,815 576,017,502 228,102,313  Savings Banks  42  13  29  108,818,843 37,049,646 71,769,197  Savings & Loan Associations  8  1  7  3,035,606 1,740,528 1,295,078  384  84  300  68,597,057 11,612,257 56,984,800  Safe Deposit Companies  2  0  2  521 0 521  Investment Companies (Article XII)  6  5  1  1,050,159 1,050,156 3  Licensed Lenders ***  19  1  5  95,320 973 94,347  Foreign Branches  118  118  0  2,074,242,713 2,074,242,713 0  Foreign Agencies  15  15  0  114,092,325 114,092,325 0  723  296  414  3,174,052,359 2,815,806,100 358,246,259        State Charter *  253  157  83  2,684,406,553 2,496,721,621 187,684,932  Commercial Banks **  81  42  39  678,486,993 559,927,445 118,559,548  Savings Banks  22  4  18  80,522,765 16,270,364 64,252,401  Savings and Loan Associations  2  0  2  190,798 0 190,798  Credit Unions   20  4  16  7,558,977 2,971,663 4,587,314  Safe Deposit Companies  2  0  2  521 0 521  Investment Companies (Article XII)  6  5  1  1,050,159 1,050,156 3  Licensed Lenders ***  19  1  5  95,320 973 94,347  Credit Unions     New York State  NYC  Rest of State    DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 20  

25) Number of Institutions  Assets  Dollars in Thousands  Foreign Branches  87  87  0  1,802,836,839 1,802,836,839 0  Foreign Agencies  14  14  0  113,664,181 113,664,181 0        Federal Charter *  475  138  337  $461,975,691 $302,708,782 $159,266,909  Commercial Banks **  41  9  32  114,880,877 13,575,200 101,305,677  Savings Banks  20  10  10  12,025,098 5,081,633 6,943,465  Savings and Loan Associations  8  2  6  18,690,352 17,470,062 1,220,290  375  86  289  58,206,631 8,409,154 49,797,477  Safe Deposit Companies  0  0  0  0 0 0  Investment Companies (Article XII)  0  0  0  0 0 0  Licensed Lenders  0  0  0  0 0 0  Foreign Branches  30  30  0  257,744,578 257,744,578 0  Foreign Agencies  1  1  0  428,155 428,155 0  Credit Unions     *Dollars may not add to total due to rounding.  **Banks, trust companies, limited purpose trust companies, and private bankers.  *** 14 licensed institutions located outside New York State     DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 21  

26) NEW YORK STATE CHARTERED AND LICENSED BANKING, LENDING AND FINANCIAL SERVICES INSTITUTIONS   Type of Institution  Number of Institutions  Number of Domestic Offices  Banks  Trust Companies  Limited Purpose Trust Companies  Private Bankers  Savings Banks  Savings & Loans  Credit Unions  Safe Deposit Companies  Investment Companies (Article XII)  Licensed Lenders  Foreign Branches  Foreign Agencies  Holding Companies â€ One Bank  Holding Companies â€ Multi Bank  Mutual Holding Companies  Foreign Representative Offices  Sales Finance Companies  Premium Finance Agencies  Check Cashers (including Commercial)  Money Transmitters  Budget Planners  Mortgage Bankers  Mortgage Brokers  Mortgage Loan Servicers  Common Trust Funds  NYS Regulated Corporations  Charitable Foundations  45  24  11  1  22  2  20  2  6  19  87  14  40  10  1  32  104  51  127  86  42  178  663  36  60  3  3    303  1069  12  9  590  4  52  2  8  67  100  14  40  10  1  32  146  81  559  369  143  512  817  36  60  3  3    Total  1,689  5,042  DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 22  

27) CONVERSION FROM FEDERAL CHARTER TO STATE CHARTER  Name  Location  Name After Change  Effective Date  Cohoes City Employees Community Credit Union  Cohoes, NY  Cohoes City Employees Community Credit Union  July 1, 2014            BANK MERGERS AND ACQUISITIONS  Name  Institution Type  Locations  Acquiring Bank  Effective Date  BPD  Bank  Commercial Bank  New York, NY   Grupo Popular Investments Corporation  March 31, 2014  Berkshire Bank Municipal Bank  Commercial Bank  Albany, NY  Berkshire Bank  Riverside Bank   Commercial Bank  Poughkeepsie, NY  Salisbury Bank and Trust Company  December 5, 2014  Suffolk Trust Company  Trust Company  Bohemia, NY  Beacon Trust Company  October 31, 2014  Cohoes City Employees  Community Credit Union  Credit Union  Cohoes, NY  Hudson River Community Credit Union  June 30, 2014  July 1, 2014    LIQUIDATIONS  Name  Institution Type  Locations  The Bank of Nova Scotia Trust Company of  New York  Limited Purpose Trust  Company  New York, NY   Effective Date  9/26/2014      DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 23  

28) CONDITION OF SUPERVISED INSTITUTIONS CONDITION OF COMMERCIAL BANKS, TRUSTS AND PRIVATE BANKERS  COMMERCIAL BANKS, TRUSTS   AND PRIVATE BANKERS   Assets   Cash and Due  from Banks  Total Securities  Loans and  Leases Net  Premises and  Equipment  All Other  Assets*  Total Assets  Dollars in Thousands    Commercial Banks  Adirondack Bank  Alden State Bank  Alma Bank  Alpine Capital Bank  Amerasia Bank  American Community Bank  Bank of Akron  Bank of Cattaraugus  Bank of Holland  Berkshire Bank Municipal Bank  BPD Bank  Catskill Hudson Bank  Cattaraugus County Bank  Citizens Bank of Cape Vincent  Country Bank  Emigrant Mercantile Bank  Empire State Bank  First American International Bank  Flushing Bank  Genesee Regional Bank  Global Bank  Gold Coast Bank  Greene County Commercial Bank  Hanover Community Bank  Interaudi Bank  Federal Funds  Sold and Repos  $12,824 3,605 138,603 62,574 23,941 19,377 6,201 2,623 5,641 11,847 3,236 8,399 12,661 4,157 18,665 3,637 4,298 64,171 33,083 23,416 9,152 28,067 1,626 13,915 547,348 $191,224 66,277 56,734 31,533 9,299 27,377 49,527 4,886 18,588 27,516 0 180,043 48,619 17,516 170,643 0 19,953 93,545 980,220 117,708 9,233 47,860 188,260 23 352,406 $1,221 558 144 0 20,000 8,600 0 0 52 16,709 0 0 3,000 4,500 0 0 0 0 0 0 0 858 0 7,293 0 $410,048 168,422 730,040 137,847 311,922 106,410 184,851 7,776 60,591 0 0 195,843 109,532 30,082 313,609 0 119,234 354,637 3,402,827 231,256 98,157 162,801 0 95,903 537,208 $6,210 1,848 9,819 785 7,786 1,225 4,301 311 2,593 0 0 3,026 6,157 1,079 568 0 2,285 17,507 20,356 778 174 1,944 0 3,357 3,622 $22,143 10,108 14,688 1,680 6,443 8,697 9,500 652 1,576 114 1,450 8,749 9,509 785 11,485 13 3,308 21,635 288,697 4,661 2,939 2,606 727 481 12,115 $643,670  250,818  950,028  234,419  379,391  171,686  254,380  16,248  89,041  56,186  4,686  396,060  189,478  58,119  514,970  3,650  149,078  551,495  4,725,183  377,819  119,655  244,136  190,613  120,972  1,452,699  DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 24  

29) COMMERCIAL BANKS, TRUSTS   AND PRIVATE BANKERS   Assets   Jeff Bank  Mahopac Bank  New York Commercial Bank  NewBank  Pathfinder Commercial Bank  PCSB Commercial Bank  Pioneer Commercial Bank  Riverside Bank  Savoy Bank  Shinhan Bank America  Signature Bank  Spring Bank  State Bank of Chittenango  The Berkshire Bank  The Westchester Bank  Tioga State Bank  United International Bank  United Orient Bank  USNY Bank  Victory State Bank  Woori America Bank  WSB Municipal Bank  Trust Companies  Amalgamated Bank  Banco Popular North America  Bank Leumi USA  Bank of Millbrook  Bank of Richmondville  Bank of Utica  Chemung Canal Trust Company  Deutsche Bank Trust Company Americas  Cash and Due  from Banks  Total Securities  Federal Funds  Sold and Repos  Loans and  Leases Net  Premises and  Equipment  All Other  Assets*  19,621 13,071 190,300 54,745 2,486 4,131 11,366 9,208 18,834 100,387 237,929 2,841 31 92,586 46,459 6,331 38,129 14,021 14,913 67,633 169,054 11,749 110,325 271,177 874,095 294 57,694 29,905 48,441 20,385 6,648 113,248 7,740,345 13,242 184,228 334,625 42,939 111,148 15,368 2,846 5,414 154,663 100,519 49,128 0 0 1,564 0 0 154 17 208 0 0 0 0 0 0 2,683 0 0 1,000 0 456 0 0 269,132 634,747 2,245,566 120,757 0 0 0 184,085 74,453 737,119 13,805,159 79,029 0 309,184 320,134 256,283 117,582 72,668 154,496 71,987 857,532 0 3,682 16,021 25,648 1,160 0 0 0 1,178 519 10,134 31,467 498 0 2,797 2,712 4,760 1,308 94 1,742 1,893 4,316 0 27,044 55,202 347,312 5,393 1,204 85 103 6,279 500 24,094 561,763 3,380 2,624 27,524 11,577 16,703 4,279 1,592 3,284 2,934 24,995 717 192,622 211,067 542,678 18,125 7,446 6,296 52,633 18,979,000 1,450,709 2,042,213 675,834 86,212 35,699 883,693 351,090 14,000 0 0 0 2,155 293 0 0 15,323,000 1,927,540 5,614,910 3,677,643 98,406 81,970 49,868 983,781 19,838,000 32,870 60,601 35,940 3,228 988 962 30,031 43,000 161,304 826,414 259,035 6,156 3,767 10,711 60,356 1,562,000 Total Assets  429,804  990,218  3,684,485  182,349  61,384  34,275  59,927  221,343  100,954  984,982  22,376,663  98,990  186,883  766,716  426,504  395,225  176,666  92,221  179,849  299,566  1,156,416  61,594    3,765,045  8,755,205  5,191,130  214,282  130,163  951,530  1,477,891  55,759,000  DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 25  

30) COMMERCIAL BANKS, TRUSTS   AND PRIVATE BANKERS   Assets   Fiduciary Trust Company International  Five Star Bank  Goldman Sachs Bank USA  Habib American Bank  Israel Discount Bank of New York  Manufacturers and Traders Trust  Metropolitan Commercial Bank  Mitsubishi UFJ Trust & Banking  Mizuho Bank (USA)  Mizuho Trust & Banking Co. USA  Orange County Trust Company  Solvay Bank  Steuben Trust Company  The Adirondack Trust Company  The Bank of Castile  The Bank of New York Mellon  Tompkins Trust Company  Limited Purpose Trust Companies  American Stock Transfer & Trust  Anthos Trust Company, LLC  Continental Stock Transfer & Trust  Genesee Valley Trust Company  Law Debenture Trust Company of New  Market Street Trust Company  New York Life Trust Company  OFI Global Trust Company  The Bank of Nova Scotia Trust Company  The Depository Trust Company  The Northern Trust Company of New  The Warehouse Trust Company LLC  Private Bankers  Cash and Due  from Banks  Total Securities  Federal Funds  Sold and Repos  Loans and  Leases Net  Premises and  Equipment  All Other  Assets*  501,446 56,592 51,102,000 334,529 695,298 3,142,891 39,965 237,230 427,500 742,198 10,267 10,594 13,913 63,767 17,890 136,341,000 45,610 73,708 859,184 0 33,702 3,864,412 8,461,784 70,391 0 117,948 0 286,442 250,360 161,483 295,855 288,616 94,757,000 561,463 0 0 1,539,000 0 0 231,673 0 0 0 0 0 357 0 0 0 3,282,000 0 196,177 1,810,264 22,775,000 477,975 4,645,563 62,652,518 494,430 0 4,520,722 0 318,660 404,437 239,513 558,696 752,704 30,576,000 901,815 3,639 34,216 0 2,703 34,854 616,937 4,691 550 0 4,889 13,724 7,999 7,181 27,169 14,934 1,191,000 16,882 143,248 161,761 30,200,000 10,712 359,958 9,240,830 25,715 20,601 153,508 35,439 37,909 12,282 16,936 46,117 31,421 30,479,000 76,399 6,871 24 544 5,517 50,466 390 532 0 16,926 2,708,358 1,159 5,676 0 5,087 1,592 0 0 3,545 13,719 7,319 0 0 5,660 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 40,896 0 693 27 10 1,833 0 0 0 87,921 0 0 558,984 23 2,229 11,421 3,094 552 2,748 3,315 752 148,253 306 5,906 Total Assets  918,218  2,922,017  105,616,000  859,621  9,600,085  84,346,633  635,192  258,381  5,219,678  782,526  667,002  686,029  439,026  991,604  1,105,565  296,626,000  1,602,169    606,751  5134  5,058  16,965  53,570  6,320  16,999  10,634  17,678  2,944,532  7,125  11,582    DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 26  

31) COMMERCIAL BANKS, TRUSTS   AND PRIVATE BANKERS   Assets   Cash and Due  from Banks  Total Securities  Federal Funds  Sold and Repos  Brown Brothers Harriman & Co.  Total  2,548,763 $221,326,675 616,128 $129,270,515 0 $20,447,495 Loans and  Leases Net  Premises and  Equipment  2,116,615 $193,792,116 All Other  Assets*  39,957 $2,565,985 Total Assets  902,452 $77,154,963 6,223,915  $644,557,749  *Includes FDIC Call Report items: other assets, trading assets, goodwill and intangible assets and other real estate owned    COMMERCIAL BANKS, TRUSTS   AND PRIVATE BANKERS   Liabilities And Equity  Total Deposits  Federal  Funds  Bought and  Sold  Trading  Liabilities &  Other  Borrowed  Money  Subordinated  Notes &  Debentures  Total Liabilities  Total Equity  Capital  Total  Liabilities and  Capital           All Other  Liabilities  Dollars in Thousands        Adirondack Bank  557,931 20,030 39,164 0  5,628 622,753 53,249 676,002  Alden State Bank  236,871 0 0 0  388 237,259 33,349 270,608  Alma Bank  822,466 0 0 0  2,378 824,844 115,285 940,129  Alpine Capital Bank  246,034 0 0 0  2,741 248,775 38,895 287,670  Amerasia Bank  384,133 0 0 0  2,316 386,449 43,973 430,422  American Community Bank  126,632 0 2,000 0  1,780 130,412 23,362 153,774  4,401,029 0 24,340 90,000  144,168 4,659,537 543,172 5,202,709  229,788 0 8,525 0  3,559 241,872 26,464 268,336  Bank of Cattaraugus  15,206 0 0 0  4 15,210 1,574 16,784  Bank of Holland  83,695 0 0 0  138 83,833 8,118 91,951  Catskill Hudson Bank  379,719 0 0 1,800  529 382,048 30,897 412,945  Cattaraugus County Bank  174,420 0 0 0  4,018 178,438 17,296 195,734  48,356 0 0 0  305 48,661 5,688 54,349  442,363 19,000 20,000 0  2,043 483,406 42,395 525,801  500 0 0 0  50 550 3,069 3,619  150,632 0 19,000 0  758 170,390 15,136 185,526  Commercial Banks  Bank Leumi USA  Bank of Akron  Citizens Bank of Cape Vincent  Country Bank  Emigrant Mercantile Bank  Empire State Bank       DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 27  

32) Total Deposits  Federal  Funds  Bought and  Sold  Trading  Liabilities &  Other  Borrowed  Money  Subordinated  Notes &  Debentures  First American International Bank  436,509 0 61,000 0  Genesee Regional Bank  359,255 0 18,000 Global Bank  105,599 0 Gold Coast Bank  294,901 Greene County Commercial Bank  Hanover Community Bank  COMMERCIAL BANKS, TRUSTS   AND PRIVATE BANKERS   Liabilities And Equity  Total Liabilities  Total Equity  Capital  Total  Liabilities and  Capital  5,356 502,865 72,926 575,791  0  2,593 379,848 35,292 415,140  0 0  343 105,942 17,748 123,690  0 0 0  476 295,377 28,474 323,851  158,450 0 40,061 0  172 198,683 18,758 217,441  145,239 0 0 0  242 145,481 23,540 169,021  1,471,761 10,000 100,000 0  2,804 1,584,565 113,435 1,698,000  Jeff Bank  378,599 0 0 0  6,163 384,762 51,024 435,786  Mahopac Bank  822,437 0 101,600 0  7,503 931,540 116,968 1,048,508  Metropolitan Commercial Bank  618,174 0 63,923 0  5,466 687,563 78,943 766,506  2,635,479 75,000 1,042,252 0  7,812 3,760,543 588,986 4,349,529  164,075 0 0 0  9,588 173,663 27,680 201,343  Pathfinder Commercial Bank  63,476 0 0 0  297 63,773 7,849 71,622  PCSB Commercial Bank  27,250 0 0 0  66 27,316 7,556 34,872  Pioneer Commercial Bank  62,283 0 0 0  104 62,387 5,126 67,513  Savoy Bank  108,931 0 0 0  765 109,696 12,567 122,263  Shinhan Bank America  811,233 0 0 0  12,242 823,475 142,443 965,918  22,621,783 1,535,000 515,163 0  150,456 24,822,402 2,496,238 27,318,640  Spring Bank  102,241 0 0 0  558 102,799 14,435 117,234  State Bank of Chittenango  170,487 0 0 0  11,772 182,259 18,951 201,210  The Berkshire Bank  617,192 30,000 0 0  5,527 652,719 102,665 755,384  The Westchester Bank  437,065 0 28,145 0  1,966 467,176 55,158 522,334  Tioga State Bank  302,920 12,670 28,799 0  3,449 347,838 48,720 396,558  United International Bank  149,647 0 6,429 0  691 156,767 20,246 177,013  Interaudi Bank  New York Commercial Bank  NewBank  Signature Bank  All Other  Liabilities  DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 28  

33) Total Deposits  Federal  Funds  Bought and  Sold  Trading  Liabilities &  Other  Borrowed  Money  Subordinated  Notes &  Debentures  84,383 0 2,000 0  USNY Bank  188,436 0 8,402 Victory State Bank  256,760 0 Woori America Bank  1,054,303 WSB Municipal Bank  Trust Companies  COMMERCIAL BANKS, TRUSTS   AND PRIVATE BANKERS   Liabilities And Equity  Total Liabilities  Total Equity  Capital  Total  Liabilities and  Capital  615 86,998 11,333 98,331  0  706 197,544 19,707 217,251  0 0  956 257,716 28,014 285,730  0 0 0  6,936 1,061,239 146,297 1,207,536  72,694   0   0   0     2,927   75,621   6,955   82,576     Amalgamated Bank  2,523,816 119,645 686,468 0  58,607 3,388,536 340,049 3,728,585  Banco Popular North America  3,458,931 321,140 239,529 0  117,287 4,136,887 1,366,684 5,503,571  Bank of Millbrook  187,674 0 0 0  1,757 189,431 22,310 211,741  Bank of Richmondville  112,425 0 1,500 0  741 114,666 15,585 130,251  Bank of Utica  779,300 0 4,000 0  17,612 800,912 180,219 981,131  1,284,215 29,652 53,116 0  19,962 1,386,945 128,483 1,515,428  41,082,000 2,109,000 86,000 0  1,396,000 44,673,000 8,874,000 53,547,000  549 0 653 0  32,772 33,974 196,243 230,217  Five Star Bank  2,457,199 39,504 295,300 0  16,784 2,808,787 256,322 3,065,109  Flushing Bank  3,515,586 116,000 911,721 0  56,358 4,599,665 482,996 5,082,661  73,134,000 6,578,000 8,555,000 2,000,000  6,404,000 96,671,000 21,543,000 118,214,000  819,353 0 25,000 0  7,874 852,227 89,731 941,958  7,787,618 1,021,215 74,327 0  126,302 9,009,462 774,004 9,783,466  74,827,501 1,592,676 5,388,039 1,368,434  1,229,188 84,405,838 11,514,726 95,920,564  63,217 0 0 0  2,821 66,038 221,248 287,286  3,815,694 0 606,860 0  137,810 4,560,364 1,174,943 5,735,307  United Orient Bank  Chemung Canal Trust Company  Deutsche Bank Trust Company  Americas  Fiduciary Trust Company  International  Goldman Sachs Bank USA  Habib American Bank  Israel Discount Bank of New York  Manufacturers and Traders Trust  Company  Mitsubishi UFJ Trust & Banking  Corporation (U.S.A.)  Mizuho Bank (USA)  All Other  Liabilities  DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 29  

34) Total Deposits  Federal  Funds  Bought and  Sold  Trading  Liabilities &  Other  Borrowed  Money  Subordinated  Notes &  Debentures  Mizuho Trust & Banking Co. USA  731,267 0 0 0  Orange County Trust Company  539,174 0 70,000 Solvay Bank  656,588 0 Steuben Trust Company  384,029 The Adirondack Trust Company  COMMERCIAL BANKS, TRUSTS   AND PRIVATE BANKERS   Liabilities And Equity  Total Liabilities  Total Equity  Capital  Total  Liabilities and  Capital  28,490 759,757 59,625 819,382  0  16,017 625,191 90,398 715,589  23,700 0  4,036 684,324 70,068 754,392  0 38,500 0  5,296 427,825 47,124 474,949  904,293 4,190 0 0  17,770 926,253 107,428 1,033,681  1,028,271 11,313 35,300 0  8,944 1,083,828 87,370 1,171,198  257,479,000 5,645,000 12,723,000 765,000  6,284,000 282,896,000 21,270,000 304,166,000  1,364,965 104,442 59,761 0    37,371 1,566,539 115,714 1,682,253                      0    0     20,486   22,635   571,114   593,749   Anthos Trust Company, LLC  Continental Stock Transfer &  Trust Company   0     0     0     0     5,156   5,156    0     0     0     0     1,444   1,444   3,480   4,924   Genesee Valley Trust Company  Law Debenture Trust Company of  New York   0     0     0     0     1,534   1,534   16,178   17,712    0     0     0     0     3,289   3,289   50,193   53,482   Market Street Trust Company   0     0     0     1,771   2,337   3,992   6,329   New York Life Trust Company   0     0     0     0     2,924   2,924   14,197   17,121   OFI Global Trust Company  The Northern Trust Company of  New York   0     0     0     0     2,807   2,807   14,910   17,717    0     0     0     0    7,117  7,117    0     0     0     0        The Bank of Castile  The Bank of New York Mellon  Tompkins Trust Company    Limited Purpose Trust Companies  American Stock Transfer & Trust  Company, LLC  The Depository Trust Company  The Warehouse Trust Company  LLC  Private Bankers   2,149   566   51,126   0    All Other  Liabilities   0     0     0     0     0     2,280,990   2,332,116   446,912   2,779,028    0     0     960   960   10,265   11,225                 DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 30  

35) COMMERCIAL BANKS, TRUSTS   AND PRIVATE BANKERS   Liabilities And Equity  Brown Brothers Harriman & Co.  Total  Total Deposits   4,701,750  526,659,752 Trading  Liabilities &  Other  Borrowed  Money  Federal  Funds  Bought and  Sold   0    19,393,477 Subordinated  Notes &  Debentures   569,738  32,630,156 All Other  Liabilities   0    4,225,234  Total Equity  Capital  Total Liabilities  Total  Liabilities and  Capital   518,627   5,790,115   804,632   6,594,747   19,281,985 602,190,604 76,296,372 678,486,976  All Other  Assets*  Total Assets  CONDITION OF SAVINGS BANKS AND THRIFTS  SAVINGS BANKS AND THRIFTS   Assets    Savings Banks  Apple Bank for Savings  CMS Bank  Cross County Savings Bank  Elmira Savings Bank  Emigrant Bank  Fairport Savings Bank  First Central Savings Bank  Fulton Savings Bank  New York Community Bank  NorthEast Community Bank  PathFinder Bank  Pioneer Savings Bank  Putnam County Savings Bank  Rhinebeck Bank  Ridgewood Savings Bank  Rondout Savings Bank  Sawyer Savings Bank  The Dime Svgs. Bank of Williamsburgh  The North Country Savings Bank  The Oneida Savings Bank  Total  Securities &  Trading  Assets  Cash and Due  from Banks        747,736 2,412 46,346 7,960 118,036 4,119 44,606 49,266 242,366 24,237 11,167 38,309 72,835 30,573 114,536 9,969 5,705 78,436 16,289 18,923 Federal Funds  Sold and  Repos     1,379,251 39,302 63,604 73,013 1,628,764 36,470 114,538 143,387 6,234,207 6,635 128,583 71,340 386,818 75,218 2,126,425 39,005 70,921 31,350 3,625 309,628 Loans and  Leases Net  Dollars in Thousands        0 9,023,477 0 218,891 0 258,958 606 414,235 0 4,136,704 0 191,791 0 301,445 1,229 158,659 253,657 32,712,135 0 421,966 0 382,209 2,362 654,109 4,242 503,273 0 485,588 0 2,574,456 0 236,340 0 115,964 0 4,100,747 100 195,222 12,014 367,911 Premises &  Equipment     33,318 2,522 7,147 9,475 82,114 2,836 935 823 292,357 11,718 13,200 17,145 4,931 18,344 13,361 6,983 3,810 25,065 5,449 20,392    475,589 4,359 12,988 40,743 347,735 7,731 35,720 19,123 4,547,147 39,413 25,475 37,709 18,949 41,259 258,627 9,117 4,664 244,965 18,678 69,000 11,659,371  267,486  389,043  546,032  6,313,353  242,947  497,244  372,487  44,281,869  503,969  560,634  820,974  991,048  650,982  5,087,405  301,414  201,064  4,480,563  239,363  797,868  DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 31  

36) Ulster Savings Bank  Watertown Savings Bank  Savings & Loans  Gouverneur Savings and Loan Association  Medina Savings and Loan Association  Total  20,937 44,926   2,447 12,533 $1,764,669  128,792 110,189   17,312 10,140 $13,228,517  0 0   0 885 $275,095  533,916 344,745   109,467 23,950 $58,466,158  21,910 16,707   2,644 756 $613,942  54,503 41,024   9,965 699 $6,365,182  760,058  557,591     141,835  48,963  $80,713,563   *Includes FDIC Call Report items: other assets, trading assets, goodwill and intangible assets and other real estate owned  CONDITION OF SAVINGS BANKS AND THRIFTS   SAVINGS BANKS AND THRIFTS   Liabilities And Equity  Total Deposits  Federal Funds Bought  & Repos    Other  All Other  Borrowed  Liabilities  Money  Dollars in Thousands  Total  Liabilities  Total Equity  Capital  Total Liabilities  and Capital  Savings Banks  Apple Bank for Savings  10,521,610  0  24,791  134,129  10,680,530  978,841  11,659,371  CMS Bank  214,705  0  28,367  2,249  245,321  22,165  267,486  Cross County Savings Bank  344,247  0  0  2,637  346,884  42,159  389,043  4,536,203  72,000  590,000  75,758  5,273,961  1,039,392  6,313,353  Fairport Savings Bank  175,307  0  47,925  2,108  225,340  17,607  242,947  First Central Savings Bank  430,767  0  5,000  3,290  439,057  58,187  497,244  Fulton Savings Bank  234,610  0  38,000  10,086  282,696  89,791  372,487  New York Community Bank  25,863,066  3,610,000  9,153,668  204,524  38,831,258  5,450,611  44,281,869  NorthEast Community Bank  377,435  0  33,647  3,952  415,034  88,935  503,969  PathFinder Bank  428,584  0  66,100  4,228  498,912  61,722  560,634  Pioneer Savings Bank  699,104  3,231  15,816  8,014  726,165  94,809  820,974  Putnam County Savings Bank  855,052  0  20,000  3,641  878,693  112,355  991,048  Rhinebeck Bank  582,189  0  7,500  8,198  597,887  53,094  650,981  3,923,752  0  413,399  84,318  4,421,469  665,936  5,087,405  Rondout Savings Bank  254,360  0  10,721  3,161  268,242  33,172  301,414  Sawyer Savings Bank  150,291  0  24,000  3,198  177,489  23,575  201,064  2,809,871  0  1,176,947  39,650  4,026,468  454,095  4,480,563  186,451  0  19,028  1,993  207,472  31,891  239,363  Emigrant Bank  Ridgewood Savings Bank  The Dime Svgs. Bank of Williamsburgh  The North Country Savings Bank  DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 32  

37) The Oneida Savings Bank  691,504  0  0  11,913  703,417  94,451  797,868  Ulster Savings Bank  629,609  0  29,500  3,979  663,088  96,969  760,057  Watertown Savings Bank  463,294  0  12,300  3,568  479,162  78,429  557,591  Elmira Savings Bank  423,238  26,000  36,000  5,301  490,539  55,493  546,032  Gouverneur Savings and Loan Association  83,716  0  25,550  4,486  113,752  28,083  141,835  Medina Savings and Loan Association  44,865  0  0  231  45,096  3,867  48,963  $54,923,830  $3,711,231  $11,778,259   $624,612  $71,037,932  $9,675,629  $80,713,561   Savings & Loans  Total    CONDITION OF SAFE DEPOSIT COMPANIES  SAFE DEPOSIT COMPANIES  Assets  Cash and  Due from  Banks  Total  Securities  Federal  Funds Sold  and Repos  Loans and  Leases Net    Akron Safe Deposit Company  Zurich Depository  Corporation*    SAFE DEPOSIT COMPANIES  Liabilities And Equity  Premises  Vault and  Equipment  Investment in  Unconsolidate d Subsidiaries  Other  Assets  Total  Assets  Dollars In Thousands  181  283 0 0 0 56 0 0 521  0  0 0 0 0 0 0 0 0  Key &  Box  Deposits  Unearned Deferred  Income  Other  Borrowed  Money  Subordinated Acceptances Notes and  Outstanding  Debentures    Akron Safe Deposit Company  Zurich Depository  Corporation*  Customers'  Liability on  Acceptances All  Other  Liabilities  Total  Total  Liabilities  Equity  and  Capital  Capital  Total  Liabilities  Dollars In Thousands  0   0  0  0  0  0  0  521 521  0  0 0 0 0 0 0 0 0        DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 33  

38) CONDITION OF CREDIT UNIONS  Cash and  Due from  Banks  CREDIT UNIONS   Assets  Total  Investments  Loans Held For  Sale  Branch 6000 NALC Credit Union  Buffalo Service Credit Union  CFCU Community Credit Union  Bank Premises  & Equipment  NCUSIF  Deposit  Other Assets  Total Assets  Dollars In Thousands    AmeriCU Credit Union  Loans and  Leases Net  139,380 1,773  1,715  1,049,471  31,960  10,934  29,118  1,264,351   1,899 3,160  0 2,743  2  82  555  8,441   14,796 13,728  0  18,651  55  391  308  47,929   138,785 152,860  0  592,802  8,290  7,196  9,117  909,050   Directors Choice Credit Union  Empire Branch 36 National Association of  Letter Carriers Credit Union  272 1,155  0  4,748  0  60  161  6,396   712  1,442  0  2,962  4  45  35  5,200   Empire State Credit Union  566  4,216  0  2,232  5  70  26  7,115   1,256  2,326  0  12,926  659  164  134  17,465   973  14,529  0  7,781  37  199  122  23,641   10,864  14,345  0  146,825  9,807  1,549  2,069  185,459   52  3,130  0  1,325  5  44  54  4,610   Melrose Credit Union  7,956  100,821  0  1,931,820  22,409  15,021  10,903  2,088,930   Montauk Credit Union  5,359  609  158,004  2,473  1,302  1,196  168,943   356,126  237,726  0  1,320,497  17,400  18,402  146,259  2,096,410   439  0  0  369  0  6  0  814   Encompass Niagara Credit Union  Erie County Employees Credit Union  Hudson River Community Credit Union  Jamestown Post Office Employees' Credit  Union  Municipal Credit Union  0  Newspaper Employees Credit Union  Niagara Falls Penn Central Employees Credit  Union  The Niagara Frontier Federal Employees  Credit Union  41  1,624  0  2,068  6  36  20  3,795   242  846  0  1,704  7  24  8  2,831   Norton‐Troy Employees Credit Union  552  5,428  0  2,605  7  81  10  8,683   4,320  32,405  0  632,411  11,686  2,455  17,833  701,110   614  4,940  0  2,169  20  61  0  7,804   685,204  597,063  1,715  5,894,113  104,832  58,122  217,928  7,558,977   Progressive Credit Union  Yonkers Postal Employees Credit Union  Total    DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 34  

39) CONDITION OF CREDIT UNIONS  CREDIT UNIONS   Liabilities And Equity  AmeriCU Credit Union  Branch 6000 NALC Credit Union  Buffalo Service Credit Union  CFCU Community Credit Union  Total  Shares and  Deposits  Federal  Funds  Bought and  Repos  Borrowings  Plus  Interest  Payable  Subordinated  Notes and  Debentures  All Other  Liabilities  1,134,892  0  0  0  12,201  1,147,093  117,258  1,264,351   7,780  0  0  0  4  7,783  658  8,441   42,010  0  0  0  94  42,104  5,825  47,929   786,495  0  0  0  3,388  789,882  119,168  909,050   Total  Liabilities  Total Equity  Capital  Total  Liabilities  and Capital  Directors Choice Credit Union  Empire Branch 36 National Association of Letter  Carriers Credit Union  5,327  0  0  0  1  5,328  1,068  6,396   4,440  0  0  0  6  4,446  754  5,200   Empire State Credit Union  6,643  0  0  0  10  6,654  461  7,115   Encompass Niagara Credit Union  15,609  0  0  0  23  15,636  1,829  17,465   Erie County Employees Credit Union  20,500  0  0  0  119  20,624  3,017  23,641   157,368  0  0  0  2,592  159,960  25,499  185,459   3,961  0  19  0  4  3,984  626  4,610   1,617,337  0  80,000  0  249  1,697,586  391,344  2,088,930   145,679  0  0  0  1,031  146,937  22,006  168,943   1,937,943  0  0  0  50,165  1,988,188  108,222  2,096,410   Hudson River Community Credit Union  Jamestown Post Office Employees' Credit Union  Melrose Credit Union  Montauk Credit Union  Municipal Credit Union  Newspaper Employees Credit Union  Niagara Falls Penn Central Employees Credit  Union  The Niagara Frontier Federal Employees Credit  Union  500  0  0  0  0  499  315  814   3,227  0  32  0  1  3,261  534  3,795   2,378  0  0  0  4  2,381  450  2,831   Norton‐Troy Employees Credit Union  7,676  0  0  0  8  7,687  996  8,683   288,677  20,000  127,108  0  15,186  430,970  270,140  701,110   6,428  0  0  0  22  6,451  1,353  7,804   6,194,870  20,000  207,159  0  85,108  6,487,454  1,071,523  7,558,977   Progressive Credit Union  Yonkers Postal Employees Credit Union  Total  DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 35  

40) CONDITION OF ARTICLE XII INVESTMENT COMPANIES  ARTICLE XII INVESTMENT COMPANIES  Assets  Cash and  Due from  Banks  Federal  Funds  Sold &  Repos  Total  Securities  Loans and  Leases Net   345,932   N/A    6,029   0  0  0   0  600  0 0 0   48,070  0  0  0  1,369  0 0  174,497   6,905  Total       253,224   101,181  ARTICLE XII INVESTMENT COMPANIES  Liabilities And Equity  Total  Deposits  Community Building Fund, LLC  Fiduciary Investment Corporation  French American Banking  Corporation  Sterling Banking Corporation  Western Union Financial Holdings,  L.L.C.   30,621   93,676   0  0  46,737  Federal  Funds  Sold and  Repos   0     73,368   549,626    0  3 3   111  0  17,280   64,728   0   552  88,250  165 137,037  0 0  0 0 0  1,369   0     9,004   N/A    5,758  0    33,504   297,396   0    354,936   0     11,898  0     124,152   1,050,159   Other  Borrowed  Money  Due to  Affiliates    American Express Banking Corp  Community Building Fund, LLC  Fiduciary Investment Corporation  French American Banking Corporation  Total Assets  Dollars In Thousands    American Express Banking Corp  Customer's  Premises  Investment in  Liability on  &  Unconsolidated  Other Assets  Acceptance Equipment  Subsidiaries  Subordinated  Notes and  Debentures  All Other  Liabilities  0    Total  Liabilities  Total Equity  Capital  Total  Liabilities  and Capital  Dollars In Thousands     196,829     0      58,848     0      0    0   0  0   0    0   0     0    0     20   0   0      0  0      0       0    0   0      0      0    0       0       0     0     Sterling Banking Corporation  0      Western Union Financial Holdings, LLC  64,823     Total  261,652  0      58,868     167,261     422,938     126,688      549,626    0     11,894   0     11,914   3     52,814   3      64,728    34,625     0      112,883     292,038   34,625     0     177,706     612,558   102,412     1,369     119,690     300,561   137,037      1,369       297,396       913,119   DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 36  

41) CONDITION OF LICENSED LENDERS    LICENSED LENDERS   Assets  Applicable to NY Business  Loans and  Leases Net    Advantage Funding Commercial Capital Corp.  Cash and  Due From  Banks  Furniture,  Fixtures &  Equipment  Other  Assets  Total Assets  Not  Applicable to  Total Assets   NY Business  Dollars in Thousands      Total Assets    $38,810  $16,793 $364  $3,167 $59,134 $231,938 $291,072 1,008 149 448  82 1,687 8,447 10,134 640,308 70,509 212,390  39,186 962,393 25,617,262 26,579,655 Beneficial New York Inc.  0 50 0  105,844 105,894 0 105,894 Capital Financial Services, Inc.  0 50 0  0 50 31,252 31,302 CarFinance Capital LLC U/A/N CarFinance.com  0 0 33  42 75 10,256 10,331 Household Finance Corporation III  305 50 0  7 362 2,794,210 2,794,572 JCB International Credit Card Co., Ltd.  417 4,601 87  9,158 14,263 54,594 68,857 31,470 41 158  50 31,719 473,527 505,246 1,633,254 7,011 1,469,967  125,974 3,236,206 40,181,972 43,418,178 31,497 1,043 1,288  234 34,062 15,390 49,452 0 102 0  8 110 0 110 189,287 28 3,204  1,311 193,830 4,590,355 4,784,185 179 59 0  518 756 0 756 836,250 156,809 3,308  518,947 1,515,314 30,826,862 32,342,176 Springleaf Financial Services of New York, Inc.  865 603 11  5,527 7, 006 0 7,006 Stones Funding LLC  742 225 0  6 973 0 973 88 197 0  0 285 0 285 5,824 45 10  584 6,463 179,475 185,938 $3,410,304 $258,365 $1,691,268  $810,645 AmeriCredit Consumer Loan Company, Inc.  AmeriCredit Financial Services, Inc.  Mariner Finance, LLC  Mercedes‐Benz Financial Services USA LLC  New City Funding Corporation  Omni Financial of New York, Inc.  OneMain Financial, Inc.  Retail Charge Financial Services Corp.  Santander Consumer USA Inc.  Sunrise Capital Management, Inc.  TMG Financial Services, Inc.  Total  $6,163,576 $104,995,540 $111,186,122     DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 37  

42) LICENSED LENDERS   Liabilities And Equity  Other  Borrowed  Money  All Other  Liabilities  Total  Liabilities    Advantage Funding Commercial Capital Corp.  Valuation  Reserves  Capital Stock  Surplus  Total  Liabilities and  Capital    Dollars in Thousands  $111,699 $144,298 $255,997 $0 $35,075 $291,072 637 7,733 8,370 0 1,764 10,134 1,699,922 20,634,484 22,334,406 0 4,245,249 26,579,655 Beneficial New York Inc.  0 0 0 0 105,894 105,894 Capital Financial Services, Inc.  0 826 826 0 30,476 31,302 1,278 5,063 6,341 0 3,990 10,331 0 2,376,629 2,376,629 0 417,943 2,794,572 24,558 34,959 59,517 0 9,340 68,857 (562) 434,279 433,717 0 71,529 505,246 18,178,598 23,281,955 41,460,553 0 1,957,625 43,418,178 8,547 32,359 40,906 0 8,546 49,452 9 0 9 0 101 110 3,553,185 297,516 3,850,701 0 933,484 4,784,185 1 0 1 0 755 756 2,457,478 26,326,349 28,783,827 0 3,558,349 32,342,176 28 109 137 0 6,869 7,005 380 0 380 0 593 973 0 29 29 0 257 285 26,850 145,248 172,098 0 13,840 185,938 $26,062,608 $73,721,836 $99,784,444 $0 $11,401,678 $111,186,122 AmeriCredit Consumer Loan Company, Inc.  AmeriCredit Financial Services, Inc.  CarFinance Capital LLC U/A/N CarFinance.com  Household Finance Corporation III  JCB International Credit Card Co., Ltd.  Mariner Finance, LLC  Mercedes‐Benz Financial Services USA LLC  New City Funding Corporation  Omni Financial of New York, Inc.  OneMain Financial, Inc.  Retail Charge Financial Services Corp.  Santander Consumer USA Inc.  Springleaf Financial Services of New York, Inc.  Stones Funding LLC  Sunrise Capital Management, Inc.  TMG Financial Services, Inc.  Total    DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 38  

43) INSURANCE COMPANY STATISTICS  GENERAL STATISTICS LICENSES ISSUED DURING YEAR     2014  181,381  2013  168,739      10,268  14,456  Public  385  680  Agents      Life/Accident and Health  88,043  92,217  Property and Casualty  42,263  32,005  131  40  5  1  164  168  6  5  1,309      8,239  Property and Casualty  9,718  19,100  Excess Line (Regular and Limited)  26,000  1,208  Life Settlement  2,488  130  84      127  General  88  153  Reinsurance Intermediaries  252  29  Service Contract Registrants  167  181    10    Total  Adjusters  Independent   Limited Rental/Wireless Communications  Mortgage Guaranty Insurance  Bail Bond  Limited Lines  Brokers  Life  Consultants  Life  A list of general insurance license terms of issuance and renewal requirements can be found on our website.    DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 39  

44) CHANGES IN AUTHORIZED INSURERS    Life Insurance Companies  Name Changes  “Aviva Life and Annuity Company of New York” to “Athene Life Insurance Company of New York”  “The First Rehabilitation Life Insurance Company of America” to “ShelterPoint Life Insurance Company”  “Sun Life Insurance and Annuity Company of New York” to “Delaware Life Insurance Company of New York”  “ING Life Insurance and Annuity Company” to “Voya Retirement Insurance and Annuity Company”    Merger Agreements Filed  Transamerica Advisors Life Insurance Company of New York into Transamerica Financial Life insurance Company  Balboa Life Insurance Company of New York into Securian Life Insurance Company    Withdrawn  MetLife Insurance Company of Connecticut    Accident and Health Insurance Companies  Incorporated  Montefiore Insurance Company, Inc.  Healthfirst Insurance Company, Inc.    Domestic Company Licensed  Crystal Run Health Insurance Company, Inc.    Foreign Companies Licensed  Tufts Insurance Company, Watertown, MA  Sierrra Health and Life Insurance Company, Inc., Las Vegas, NV    Name Changes  “Freelancers Health Service Corporation, Inc.” to “Health Republic Insurance of New York, Corp.”        March 3  July 15  July 21  September 5      July 3  December 24      January 1        March 5  January 6      December 31      July 7  October 28      October 21    DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 40  

45) Charter Amendments  Oxford Health Insurance, Inc. – To recapitalize so that it now has two classes of common stock outstanding.  Medco Containment Insurance Company of New York    Merger Agreements Filed  Preferred Assurance Company, Inc. into MVP Health Services Corp.    Property and Casualty Insurance Companies  Foreign Companies Licensed  Key Risk Insurance Company, Greensboro, NC  Tri‐State Insurance Company of Minnesota, Luverne, MN  Merchants National Bonding, Inc., Des Moines, IA  Bondex Insurance Company, Florham Park, NJ  The Gray Casualty & Surety Company, Metairie, LA  First Founders Assurance Company, Chester, NJ  Mount Vernon Specialty Insurance Company, Wayne, PA  Travelers Commercial Casualty Company, Hartford, CT    Alien Company Licensed  Tokio Millennium Re Ag (U.S. Branch), Stamford, CT    Name Changes  “HSBC Insurance Company of Delaware” to “Pavonia Insurance Company of Delaware”  “BancInsure Inc.” to “Red Rock Insurance Company”   “Fidelity National Insurance Company” to “Stillwater Insurance Company”  “American Mining Insurance Company, Inc.” to “American Mining Insurance Company”  “ACA Insurance Company” to “CSAA Fire & Casualty Insurance Company”  “Maiden Reinsurance Company” to “Maiden Reinsurance North America, Inc.”  “American Fuji Fire and Marine Insurance Company” to “Ashmere Insurance Company”  “Northbrook Indemnity Company” to “Allstate Northbrook Indemnity Company”  “Western United Insurance Company” to “CSAA General Insurance Company”    August 11  April 16      March 3        February 5  February 5  February 21  August 18  October 20  October 22  December 16  December 16      June 2      February 14  February 25  March 14  March 27  April 15  June 9  June 10  June 27  July 1  DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 41  

46) “Stonebridge Casualty Insurance Company” to “Transamerica Casualty Insurance Company”  “Stonewood National Insurance Company” to “Falls Lake National Insurance Company”  “Stonewood General Insurance Company” to “Falls Lake General Insurance Company”  “Bituminous Casualty Corporation” to “BITCO General Insurance Corporation”  “Bituminous Fire and Marine Insurance Company” to “BITCO National Insurance Company”  “United National Casualty Insurance Company” to “CGB Insurance Company”  “Pathfinder Insurance Company” to “BlueShore Insurance Company”    Redomestications Filed  Plaza Insurance Company (from Missouri to Iowa)  Discover Property & Casualty Company (from Illinois to Connecticut)  St. Paul Protective Insurance Company (from Illinois to Connecticut)  American Mining Insurance Company (from Alabama to Iowa)  Victoria Automobile Insurance Company (from Indiana to Ohio)  ProCentury Insurance Company (from Texas to Michigan)  OneBeacon America Insurance Company (from Massachusetts to Pennsylvania)  The Employers’ Fire Insurance Company (from Massachusetts to Pennsylvania)  Arch Reinsurance Company (from Nebraska to Delaware)    Merger Agreements Filed  OneBeacon Midwest Insurance Company into OneBeacon America Insurance Company  The Northern Assurance Company of America into OneBeacon America Insurance Company  The Camden Fire Insurance Association into OneBeacon Insurance Company  Houston General Insurance Company into OneBeacon Insurance Company  Pavonia Insurance Company of Delaware into SeaBright Insurance Company  CNL/Insurance America, Inc. into Securian Casualty Company    Withdrawn  Alfa Mutual Insurance Company  Infinity Safeguard Insurance Company  Germantown Insurance Company  July 31  October 29  October 29  October 27  October 27  December 10  December 23      January 27  March 5  March 5  March 27  June 13  August 18  September 8  September 8  October 2      March 11  March 11  March 11  March 11  April 30  June 17      April 23  April 24  August 15  DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 42  

47)   Liquidated  UHAB Mutual Insurance Company    Accredited Reinsurers  Name Changes  Generali USA Life Reassurance Company to SCOR Global Life USA Reinsurance Company  SCOR Global Life Re Insurance Company of Texas to SCOR Global Reinsurance Company of Delaware    Redomestications Filed  SCOR Global Life USA Reinsurance Company (from Missouri to Delaware)  SCOR Global Life Reinsurance Company of Delaware (from Texas to Delaware)    Merger Agreement Filed  Scottish Re Life Corporation into Scottish Re (U.S.), Inc.    Withdrawn  Sun Life Assurance Company of Canada (U.S. Branch)  The Philadelphia Contributionship for the Insurance of Houses From Loss by Fire  UNUM Life Insurance Company of America  Genworth Mortgage Reinsurance Corporation  American International Overseas Limited    Charitable Annuity Societies  Permits Issued  The Heritage Foundation, Washington, DC  Prison Fellowship Ministries Foundation, Lansdowne, VA  Northwestern University, Evanston, IL  Hillel: The Foundation for Jewish Campus Life, Washington, DC  The Gideons International, Nashville, TN  The Birthright Israel Foundation, New York, NY      December 16        May 19  May 28      May 19  May 28      May 21      March 3  August 15  October 31  November 13  December 24        January 6  January 29  February 11  April 15  May 30  July 14  DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 43  

48) Rochester General Hospital Foundation, Inc., Rochester, NY  The Arthritis Foundation, Inc., Atlanta, GA  Population Connection, Washington, DC  Girl Scouts of the United States of America, New York, NY  The Trustees of the Lawrenceville School, Lawrenceville, NJ  The University of Arizona Foundation, Tucson, AZ  The Omaha Home for Boys, Omaha, NE  Masonic Medical Research Laboratory, Utica, NY    Name Change  “Billy Graham Evangelistic Association” to “BGEA, MN”    Withdrawn  Watchtower Bible and Tract Society of New York, Inc.  The General Board of Global Ministries of the United Methodist Church    Mortgage Guaranty Insurance Companies  Name Changes  “CMG Mortgage Assurance Company” to “Arch Mortgage Assurance Company”  “PMI Mortgage Assurance Co.” to “Arch Mortgage Guaranty Company”    Merger Agreements Filed  Genworth Home Equity Insurance Corporation into Genworth Residential Mortgage Insurance Corporation of North Carolina  Genworth Residential Mortgage Assurance Corporation into Genworth Mortgage Insurance Corporation    Financial Guaranty Insurance Companies  Merger Agreement Filed  Assured Guaranty Mortgage Insurance Company into Assured Guaranty Municipal Corp.    Captive Insurance Companies  Incorporated  July 22  August 14  September 9  October 23  October 24  October 24  November 14  December 4      March 11      June 5  August 14        January 30  March 28      July 1  December 30        March 3        DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 44  

49) National Grid Insurance USA LTD    Non‐Profit Health Service Corporations  Name Change  “Freelancers Health Service Corporation” to “Health Republic Insurance of New York, Corp.”    Merger Agreement Filed  Preferred Assurance Company, Inc. into MVP Health Services Corporation    Title Insurance Companies  Name Change  “United General Title Insurance Company” to “First American Title Guaranty Company”    Redomestication Filed  First American Title Guaranty Company (from California to Texas)    Fraternal Benefit Societies Non‐Opting  Merger Agreement Filed  Slovak Gymnastic Union “Sokol” of the United States of America into Greater Beneficial Union of Pittsburgh        July 24        October 21      April 21        October 6      October 6        November 12      DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 45  

50) REPORTS FILED ON EXAMINATION OF AUTHORIZED INSURERS Reports on Examinations can be found on our website in the Examination Reports section.  LIQUIDATION, CONSERVATION AND REHABILITATION PROCEEDINGS INSURANCE COMPANY PROCEEDINGS  Domestic Estates in Liquidation   21  Domestic Estates in Rehabilitation  1  Conservation Estates   1  Ancillary Receivership Estates   18  Shell Estates in Liquidation  0  Total  41  DOMESTIC ESTATES AND CONSERVATION ESTATES â€ ASSETS & LIABILITIES  Total Assets  $979,379,782 Total Liabilities  $5,968,173,910 Total Insolvency  $4,988,794,128 DOMESTIC ESTATES IN REHABILITATION â€ ASSETS & LIABILITIES  Total Assets  $167,982 Total Liabilities  $9,187 Total Insolvency/(Surplus)  ($158,795) LIQUIDATION AND REHABILITATION ACTIVITIES  Domestic Estates   Commenced  Professional Liability Insurance Company of America  UHAB Mutual Insurance Company  Continued  Atlantic Mutual Insurance Company  DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 46  

51) Centennial Insurance Company  Colonial Cooperative Insurance Company  Cosmopolitan Mutual Insurance Company  Executive Life Insurance Company of New York   First Central Insurance Company  Frontier Insurance Company  Group Council Mutual Insurance Company  ICM Insurance Company   Ideal Mutual Insurance Company  Long Island Insurance Company  Midland Insurance Company  Nassau Insurance Company  Realm National Insurance Company  The Insurance Corporation of New York  Transtate Insurance Company   Union Indemnity Insurance Company of New York  United Community Insurance Company  Washington Title Insurance Company  Completed  Capital Mutual Insurance Company  Carriers Casualty Insurance Company  Colonial Indemnity Insurance Company  Consolidated Mutual Insurance Company  Galaxy Insurance Company  Home Mutual Insurance Company of Binghamton, New York  New York Merchant Bankers Insurance Company  Whiting National Insurance Company  Shell Estates  Commenced  None  DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 47  

52) Completed  Grand Central Assurance Corporation  Domestic Estates in Rehabilitation  Commenced  None  Continued  Lion Insurance Company  Converted  Professional Liability Insurance Company of America  Ancillary Receiverships   Commenced  None  Continued  American Manufacturers Mutual Insurance Company  American Motorists Insurance Company  American Mutual Insurance Company of Boston  American Mutual Liability Insurance Company  Commercial Compensation Casualty Company  Credit General Insurance Company  Eagle Insurance Company  First Sealord Surety, Inc.  Fremont Indemnity Company  Legion Insurance Company  LMI Insurance Company  Lumbermens Mutual Casualty Company  Newark Insurance Company  PHICO Insurance Company  Reliance Insurance Company  The Home Insurance Company  Ullico Casualty Company  DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 48  

53) Villanova Insurance Company  Completed  Acceleration National Insurance Company   Amwest Surety Insurance Company  Security Indemnity Insurance Company  Shelby Casualty Company  Conservations   Commenced  None  Continued  Northumberland General Insurance Company   Completed  Folksam International Insurance Company (UK) Ltd.  Legion Indemnity Company  Fraternal Benefit Societies  Commenced  Arion Sick and Benevolent Society of the City of NY  Benjamin Storch Association, Inc.  Chevra Ohev Sholem Anshei Bukaczowce  Chevra Rodfe Zedek Ansche Bolszowce  Congregation Bnei Isaac Anshei Lechowitz  First Krakowitzer Society  Metropole Association, Inc.  Tarnopoler (Yad‐Charitzem) Workingmen Sick and Benevolent Association  The First Solotwiner Sick & Benevolent Society  United Brothers Benevolent and Fraternal Society Inc.  Victory Foundation, Inc.  Continued  Brooklyn First, Inc.  Chevra Bnei Solomon Jezierner  DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 49  

54) Chevra Neir Tomid Anshei Lubashow, Inc.  Congregation Agudath Bnai Kodesh Anshei, Kroz  First Koshovater Benevolent Society of New York  Laurelton Welfare Association, Inc.  New Kosintiner Young & Old Men’s Society, Inc.  Order of Lions, Inc.  Plonsker Young Men’s Benevolent Society, Inc.  Senate Association, Inc.  Completed  Adolph Ullman’s Aid Society  Association Mordecai Becher, Lieb Appel and Rubin  B’nai Jacob and Bertha Landy Society  Congregation Ahavas Achim Anshei Tamashauer Petrokov  Congregation Anshe Kesser of Corona  First Boberka Sick and Benevolent Society  First Yagotiner Relief Association, Inc.  Friends of Zion of Harlem  Independent Novoselitzer Bessarabian K.U.V.  Independent Stryjer Benevolent Society  Janover Kowner Guberna Benevolent Association, Inc.  Malcher Young Men’s Benevolent Association, Inc.  Starasol Friends Association, Inc.  Tabernacle Benevolent Association, Inc.  The Cyril Maslow Family Circle, Inc.  DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 50  

55) PROPERTY AND CASUALTY INSURANCE PROPERTY/CASUALTY INSURANCE ENTITIES SUPERVISED BY THE DEPARTMENT  Class  Number  Accredited Reinsurers  91  Advance Premium Co‐Operatives  17  Assessment Co‐Operatives  23  Associations, Pools, And Syndicates  13  Captive Insurers  63  Financial Guaranty Insurers  15  Mortgage Guaranty Insurers  28  Property Insurance Underwriting Association (FAIR Plan)  1  Property/Casualty Insurers  795  Risk Retention Groups  16  Title Insurers (Including Two Accredited Reinsurers)  114  United States Branches  25        DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 51  

56) LICENSED PROPERTY/CASUALTY INSURER SELECTED DATA 2010‐2013    2013    2012  2011  2010  Stock Companies  Number of Insurers  746    746  749  746  Dollars in Millions  Net Premiums Written  $272,826   $256,680   $246,260   $237,965   Admitted Assets  962,536  932,179  897,221  892,494  Unearned Premium & Loss Reserves  502,233  493,209  482,441  473,590  Other Liabilities  110,270  104,751  95,718  92,118  3,980  3,922  3,978  3,986  350,033  334,220  319,061  326,786  Capital  Surplus to Policyholders    Mutual Companies  Number of Insurers  67    69  71  72  Dollars in Millions  Net Premiums Written  $80,891   $77,938   $75,733   Admitted Assets  302,771  275,189  259,614  256,394  Unearned Premium & Loss Reserves  109,379  106,682  104,797  101,209  Other Liabilities  38,302  31,648  28,559  28,290  Surplus to Policyholders      $86,179   155,090  136,858  126,258  126,895    DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 52  

57)   PROPERTY/CASUALTY INSURER DIRECT PREMIUMS WRITTEN 2010‐2013  Property/Casualty Lines  Percentage Change        Year  Dollars in Millions  2010  2011  2012  $33,014   $34,147   $35,907   10,147  10,431  10,811  6,771  7,025  7,279  3,376  3,406  3,532  1,748  1,718  1,826  4,138  4,089  4,466  2,986  3,057  3,249  3,623  4,157  4,755  4,336  4,500  4,704  1,380  1,374  1,354  962  1,032  1,139  440  449  445  463  455  442  277  344  387  546  574  564  126  138  135  804  643  431  195  192  177  324  342  366  14  63  47  72  75  84  115  151  152  19  21  23  301  344  349    All Premiums Written  Private Passenger Auto  Bodily Injury and Property Damage Liability  Comprehensive and Collision  Commercial Auto  General (Other) Liability  Commercial Multi‐Peril  Workers' Compensation  Homeowners' Multi‐Peril  Medical Malpractice  Inland Marine  Ocean Marine  Fidelity and Surety  Accident and Health  Fire  Product Liability  Financial Guaranty  Mortgage Guaranty  Allied Lines  Aircraft  Boiler and Machinery  Credit  Burglary and Theft  All Other    2009  $32,885   9,948  6,588  3,360  1,796  4,155  3,026  3,423  4,219  1,336  954  450  484  260  550  131  1,030  209  331  115  74  100  18  277  2013  $38,004   11,112  7,399  3,713  1,962  4,978  3,488  5,191  4,901  1,365  1,262  444  483  420  600  152  375  184  386  57  87  140  26  391  2009‐2013  16%  12%  12%  11%  9%  20%  15%  52%  16%  2%  32%  ‐1%  0%  62%  9%  16%  ‐64%  ‐12%  17%  ‐50%  18%  40%  44%  41%  2012‐2013  5.80%  2.80%  1.60%  5.10%  7.40%  11.50%  7.40%  9.20%  4.20%  0.80%  10.80%  ‐0.20%  9.30%  8.50%  6.40%  12.60%  ‐13.00%  4.00%  5.50%  21.30%  3.60%  ‐7.90%  13.00%  12.00%  DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 53  

58) PROPERTY/CASUALTY NET PREMIUMS WRITTEN  Stock Companies  No. of  Companies  Net Premiums Written    Mutual Companies  Surplus/  Policy‐holders   746  $272,826   $350,033   No. of  Companies    Dollars in Millions  Ratio of Premiums  to Surplus    0.8  67  Net Premiums  Written  Surplus/  Policy‐holders  Dollars in Millions  $86,179   $155,090   Ratio of Premiums  to Surplus    0.6  Aggregate Writings (in Billions): $359.0  % in Stock: 76.0%  FINANCIAL GUARANTY INSURERS SELECTED DATA     2013  Number of Companies  2012  2011  2010  15  14  16  15    Dollars in Millions  Exposure  Net premiums written  $1,481,807.25  $1,602,780.90   $2,140,822.60  $2,450,692.60   705.97  602.40  964.00  1,368.40  Admitted assets  31,457.99  27,309.00  34,051.30  36,476.40  Unearned premium & loss reserves  12,309.01  8,446.90  16,521.30  18,135.80  Other liabilities  7,704.31  8,884.90  11,455.50  12,257.70  Capital  1,066.82  739.30  1,069.30  1,069.30  $11,444.67   $9,977.10   $6,074.50   $6,083.00   Surplus to policyholders      DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 54  

59) MORTGAGE GUARANTY INSURERS SELECTED ANNUAL STATEMENT DATA    2013  2011  2010  28  Number of companies  2012  32  32  31    Dollars in Millions  Net premiums written  $3,821.15   $3,436.20   $3,655.90   $3,624.50   Admitted Assets  19,101.32  19,483.40  21,437.10  24,344.90  Unearned premium & loss reserves  12,025.33  13,462.90  14,277.30  15,132.90  Other liabilities  1,386.47  2,740.50  3,537.40  1,748.10  Capital  76.78  86.20  87.20  85.40  Surplus  $5,689.52   $3,227.90   $3,622.40   $7,463.90   MORTGAGE GUARANTY INSURERS NET PREMIUMS WRITTEN AND SURPLUS  Net Premiums Written  (During Year)  Surplus to Policyholders  (End of Year)  Ratio of Premiums  to Surplus  Dollars in Millions  $3,821.15     $5,689.52   0.67  TITLE INSURANCE COMPANIES SELECTED DATA    Number of Companies  2013  2012  2011  2010  23  25  23  24    Net premiums written  Dollars in Millions  $10,569.99   $10,742.90   $8,912.20   $9,050.80   Admitted assets  7,638.33  8,803.90  8,160.00  8,170.40  Liabilities  4,252.53  5,143.10  5,388.70  5,399.10  Capital  404.07  315.40  314.90  315.20  Surplus  $3,385.80   $3,660.80   $2,771.30   $2,771.30   DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 55  

60) ADVANCE PREMIUM AND ASSESSMENT CORPORATIONS SELECTED DATA  Total  2013  Number of companies  Advance Premium  Corporations  Assessment  Corporations  40  17  23    Dollars in Millions  Total assets  $2,856.29   $2,422.24   $434.06   Net premiums written  1,012.78  868.19  144.59   Surplus funds  $1,234.48   $1,071.76   $162.73   HEALTH INSURANCE HEALTH INSURANCE ASSETS, LIABILITIES AND PREMIUMS WRITTEN    Assets  Liabilities    Premiums Written in New York  Dollars in Thousands  Continuing Care Retirement Community (CCRC)*  $ 1,056,080 $ 1,430,103 n/a (see note below) Article 42 Insurer  23,415,741 14,773,290 $ 9,457,612 Article 43 Corporation   7,570,955 4,481,898 10,758,084 HMO**  6,019,185 2,066,424 13,434,681 384,667 187,310 695,657 $ 38,446,628 $22,939,025 $34,346,034 Muni‐Coop.***  Total  * Numbers as of 2013. 2014 statements for CCRCs are due May 1. CCRCs do not have premiums. Residents pay a monthly fee.  **HMO data is as of 2013 as the HMOs have not yet filed their 2014 Annual Statements, due April 1st. ** Muni‐coop statements are due 120 days after the end of their fiscal year.       DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 56  

61) LIFE INSURANCE LIFE INSURANCE COMPANIES REGULATED BY THE DEPARTMENT  Type  Number  Life – New York  79  Life – Other States  54  Accredited Reinsurers  28  Fraternals – New York  3  Fraternals – Other States  32  Fraternals – Canadian, U.S. Branch  1  Charitable Annuities  358  Retirement Systems  21  Life Settlement Providers  30  Welfare Funds  22  Certified Reinsurers  9  Total  637  LIFE INSURANCE COMPANY ADMITTED ASSETS    2013  2012  2008    Dollars in Billions  Total  $2,950.9  $2,768.8  $2,315.7  Percent Increase From 2003  54.2%  44.7%  21.0%  Type of Asset        Bonds  $1,202.7  $1,170.5  $1,016.7  Stocks  66.0  60.0  64.4  Mortgage Loans  202.7  190.9  195.1  Real Estate  11.4  10.9  13.0  Policy Loans/Liens  72.2  69.2  65.8  Short‐Term Holdings  22.3  21.1  38.9  Other  1,373.7  1,118.2  921.9  Note: Detail may not add to totals due to rounding.  2003  $1,913.3  ‐    $881.3  52.6  149.8  12.7  55.4  23.1  738.4  DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 57  

62) LIFE INSURER ASSETS, LIABILITIES, CAPITAL & SURPLUS    2013  2012    Dollars in Billions  Assets  $2,950.9  $2,768.8  Liabilities  2,767.3  2,594.1  Capital & Surplus  183.6  174.6  TOTAL LIFE INSURANCE IN FORCE (COMPANIES LICENSED IN NEW YORK STATE)    2013  2012  2008    2003  Dollars in Billions  Total Insurance In Force  $15,986.3  $14,929.7  $13,638.1  $10,529.7  Percent increase from 2003  51.8%  41.8%  29.5%  ‐            Type of Business  Dollars in Billions  Ordinary  $8,465.8  $8,085.4  $7,419.4  $5,801.1  Group  7,488.7  6,811.0  6,170.4  4,668.0  Credit  27.1  28.2  42.5  53.9  Industrial  4.7  5.1  5.8  6.6  LIFE INSURANCE IN FORCE IN THE STATE OF NEW YORK   Insurance In Force  2012  2011    Total  2007  2002  Dollars in Billions  $1,923.0  $1,934.7  $1,690.7  $1,387.0  38.6%  39.5%  21.9%            $1,290.6  $1,287.9  $1,123.2  $830.2   Group  627.7  642.0  560.4  548.5   Credit  4.2  4.4  6.6  7.6   Industrial  0.4  0.5  0.5  0.8  Percent increase from 2002  Class of Business   Ordinary  DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 58  

63) DOMESTIC LIFE INSURANCE COMPANIES ADMITTED ASSETS/INSURANCE IN FORCE  Domestic Life Insurers  2013  2012  2008    2003  Dollars in Billions  Admitted Assets  $1,179.4  $1,115.1  $896.1  $716.2  Percent Increase from 2003  64.7%  55.7%  25.1%  ‐    Dollars in Billions  Insurance in Force  $6,910.1  $6,770.2  $6,309.4  $4,245.1  Percent Increase from 2003  62.8%  59.5%  48.6%  ‐    FRATERNAL BENEFIT SOCIETIES ADMITTED ASSETS/INSURANCE IN FORCE    2013  2012    2008  2003  Dollars in Billions  Admitted Assets  $105.6  $102.9  $78.4  $69.1  Insurance in Force  $378.6  $369.9  $323.7  $280.0    PRIVATE PENSION FUNDS ADMITTED ASSETS/INSURANCE IN FORCE    2013    2012  2008  2003  Dollars in Millions  Fair value of assets  $242,805  $211,623  $153,075  $162,044  Payments to Annuitants and Beneficiaries  $21,443  $22,627  $23,230  $9,098  Note: Prior to 2007, assets were Total Admitted Assets, when the annual statement was prepared on a  statutory basis.  DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 59  

64)   PUBLIC RETIREMENT SYSTEMS AND PENSION FUNDS ADMITTED ASSETS/INSURANCE IN FORCE    2013  2012    2008  2003  Dollars in Millions  Fair Value of Assets  $384,408  $352,796  $353,446  $247,681  Payments to Annuitants and Beneficiaries  $26,202  $24,838  $20,401  $14,081  Note: Prior to 2007, assets were Total Admitted Assets, when the annual statement was prepared on a  statutory basis.    SEGREGATED GIFT ANNUITY FUNDS ADMITTED ASSETS/INSURANCE IN FORCE 2001‐2011    2013    2012  2008  2003  Dollars in Millions  Total admitted assets  $2,483.0  $1,899.9  $1,444.5  Annual payments to annuitants    $2,687.6  $215.4  $210.6  $192.3  $132.2    DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 60  

65)   FUNDS HELD BY OR DEPOSITED WITH THE SUPERINTENDENT UNCLAIMED FUNDS FROM VOLUNTARY OR INVOLUNTARY BANK LIQUIDATIONS  Date Funds Paid to  Superintendent  Name of   Institution    July 20, 2010    Deposits or  Dividends  Paid to  Claimants in  2012  Paid to Date  Balance  Dollars in Thousands  Middle Village Credit Union  $43,054.73 $0 $24,546.85 $18,507.88 Total  $43,054.73 $0 $24,546.85 $18,507.88 Note: All unclaimed Funds on deposit with the Superintendent are held by the Office of the State Comptroller.  PUBLIC MOTOR VEHICLE LIABILITY SECURITY FUND  Beginning Balance as of 4/01/2013  $64,633,734  Assessments Paid into the Fund  15,478,205  Net Interest income  52,427  Recoveries   24,263,716  Total Receipts  39,794,348  Subtotal  Disbursements:  Administrative Expenses  104,428,082    62,034  Awards & Expenses of companies in liquidation   2,851,488  Total Disbursements  2,913,522  Total in Fund as of 3/31/2014  $101,514,560  Note: The fund has an outstanding liability of $50 million for funds transferred from the Property Casualty Insurance  Security Fund, as permitted under Section 7603 (e) (2) of the Insurance Law.      DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 61  

66)   PROPERTY CASUALTY INSURANCE SECURITY FUND   Beginning Balance as of 4/01/2013  $201,593,702  Assessments Paid into the Fund   (6,845) Net Interest income  385,101  Recoveries   101,710,077  Total Receipts  102,088,333  Subtotal  303,682,035  Disbursements:  Administrative Expenses  427,791  Awards & Expenses of companies in liquidation  55,392,069  Total Disbursements  55,819,860  Total in Fund as of 3/31/2014  $247,862,175  Note: Total does not include transfer of $87 million to State General Purpose Fund,  or transfer of $50 million to the Public Motor Vehicle Liability Security Fund.    WORKERS COMPENSATION SECURITY FUND  Beginning Balance as of 4/01/2013  $143,926,532  Assessments Paid into the Fund  4,328,200  Net Interest income  153,097  Recoveries  90,212,581  Total Receipts  94,693,878  Subtotal  Disbursements:  Administrative Expenses  238,620,410    142,489  Awards & Expenses of companies in liquidation  77,369,339  Total Disbursements  77,511,828  Total in Fund as of 3/31/2014  $161,108,582  DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 62  

67) STATE TRANSMITTER OF MONEY INSURANCE FUND (STMIF)    BALANCE SHEET  Assets  Cash in STMIF Account as of January 1, 2014  Cash Received in STMIF from 2013 Assessments   Interest Received in STMIF  Cash Expenses in 2013  TOTAL ASSETS    Amount $19,415,410  0  22,436  0  19,437,846  DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 63  

68) DEPARTMENT ORGANIZATION AND MAINTENANCE 2014 DEPARTMENT RECEIPTS Assessments and Reimbursement of Department Expenses:  Amount  Banking Industry Assessment  $81,863,578   Insurance Industry Assessment  380,374,307   Banking Industry Specific Assessment  41,760   STMIF Assessment  0   Insurance Industry Examination Fees  13,695,818   Administrative Expense Reimbursement  326,025   Subtotal  476,301,488       Taxes Collected     Retaliatory Taxes â€ Insurance Law Section 1112  8,973,565   Excess Line Premium Taxes â€ Insurance Law Section 2118  87,900,873   Subtotal  96,874,438       Fees and Other Revenue Collected     Section 9110 â€ Motor Vehicle Law Enforcement Fee  120,095,151   Licensing and Accreditation Fees  18,554,516   Section 9108 â€ Fire Insurance Fee  19,478,297   Fines and Penalties  383,174,171   MLO Annual License Fees  1,691,740   Banking Industry Application Fees  911,003   Section 1212 â€ Summons and Complaints  728,410   Section 112 â€ Filing Annual Statements, Certificates of Authority and Admission Fees  727,915   Fingerprint Fees  172,134   DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 64  

69) Section 9107 â€ Certification & Filing Fees  650   FOIL Requests  19,130   Miscellaneous Revenue  2,154   Subtotal  545,555,271       Foreign Fire Tax  and Security Funds Receipts     Foreign Fire Tax â€ Insurance Law Sections 2118, 9104 and 9105  55,211,963   Property Casualty Insurance Security Fund â€ Article 76  102,088,333   Public Motor Vehicle Liability Security Fund â€ Article 76  39,794,348   Workers' Compensation Security Fund â€ Article 6A of WC Law  94,693,878   Subtotal  291,788,522   Total Department Receipts  $1,410,519,719   2013‐2014 STATE FISCAL YEAR INSURANCE EXPENDITURES  APPROPRIATIONS AVAILABLE   $552,196,823 Operating Budget  Banking  84,358,599 Insurance  122,270,966  Subtotal – Operating Budget  206,629,565 Other Programs  Banking Suballocations to other Agencies  Insurance Suballocations to other Agencies  Healthy NY, HMO Direct Pay, & Entertainment Workers Programs  227,000 84,190,114 200,814,330 Seized Assets  30,039 Settlement Enforcement  48,490 Subtotal – Other Programs  285,309,973 Total Expenditures  491,939,538  DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 65  

70) 2013‐2014 STATE FISCAL YEAR BANKING EXPENDITURES  APPROPRIATIONS AVAILABLE   $92,113,000 Operating Budget  Personal Service  43,473,044 Non‐Personal Service  35,056,065 Total Banking Department Expenditures from Appropriations  78,529,109  Total Other Expenditures / Maintenance Undistributed (MU)  227,000  Total Expenditures from Banking Account  78,756,108  Seized Assets  Appropriations Available  50,000  Non Personal Service  32,477 Total Expenditure from Seized Assets Account  32,477 Settlement Enforcement  Appropriations Available  900,000 Non‐Personal Services  0 Total Expenditures from Aid to Localities  0   DEPARTMENT OF FINANCIAL SERVICES 2014 ANNUAL REPORT | Page 66