Form FOCUS Report Form FOCUS Report Form FOCUS Report Form SBS

Rule 18a-7 – Reports to be Made by Certain Security-Based Swap Dealers and Major Security-Based Swap Participants

FOCUS Report Form SBS

Proposed Form SBS for Stand-Alone MSBSPs

OMB: 3235-0749

⚠️ Notice: This form may be outdated. More recent filings and information on OMB 3235-0749 can be found here:
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FOCUS
Report
FORM SBS
Cover Page

UNITED STATES SECURITIES AND EXCHANGE COMMISION
FOCUS REPORT (FINANCIAL AND OPERATIONAL COMBINED UNIFORM SINGLE REPORT)
FORM SBS
(Please read instructions before preparing Form)

OMB APPROVAL
OMB Number:
Expires:
Estimated average burden
hours per response:

This report is being filed by an:
1)
2)
3)
4)
5)
6)

SBSD without a prudential regulator and not registered as a broker-dealer (stand-alone SBSD) ..................................
MSBSP without a prudential regulator and not registered as a broker-dealer (stand-alone MSBSP) .............................
SBSD without a prudential regulator and registered as a broker-dealer (broker-dealer SBSD) ......................................
MSBSP without a prudential regulator and registered as a broker-dealer (broker-dealer MSBSP) .................................
SBSD with a prudential regulator (bank SBSD)................................................................................................................
MSBSP with a prudential regulator (bank MSBSP) ..........................................................................................................

999
999
999
999
999
999

This report is being filed pursuant to (check applicable block(s)):
1)
2)
3)
4)
5)

Rule 17a-5(a) ....................................................................................................................................................................
Rule 17a-5(b) ....................................................................................................................................................................
Special request by DEA or the Commission .....................................................................................................................
Rule 18a-7.........................................................................................................................................................................
Other (explain: _____________________________________________) ......................................................................

16
17
19
99
26

NAME OF REPORTING ENTITY

SEC FILE NO.

____________________________________________________________________________________ 13
ADDRESS OF PRINCIPAL PLACE OF BUSINESS (Do not use P.O. Box No.)

________________________________ 14
FIRM ID NO.

____________________________________________________________________________________ 20
(No. and Street)

________________________________ 15
FOR PERIOD BEGINNING (MM/DD/YY)

_______________________________________ 21 __________ 22 __________________________ 23
(City)
(State/Province)
(Zip Code)

________________________________ 24
AND ENDING (MM/DD/YY)

______________________________________________________ 99
(Country)

________________________________ 25

NAME OF PERSON TO CONTACT IN REGARD TO THIS REPORT

EMAIL ADDRESS

(AREA CODE) TELEPHONE NO.

____________________________________________________ 30 ____________________________ 31
NAME(S) OF SUBSIDIARIES OR AFFILIATES CONSOLIDATED IN THIS REPORT

________________________________ 31
OFFICIAL USE

____________________________________________________________________________________ 32
____________________________________________________________________________________ 34

________________________________ 33
________________________________ 35

____________________________________________________________________________________ 36

________________________________ 37

____________________________________________________________________________________ 38

________________________________ 39

198 Unconsolidated
Is this report consolidated or unconsolidated? .............................................................................................. Consolidated
Does respondent carry its own customer or security-based swap customer accounts?............................................ Yes
40
No
Check here if respondent is filing an audited report ..........................................................................................................................................................

199
41
42

EXECUTION: The registrant submitting this Form and its attachments and the person(s) by whom it is executed represent hereby that all information contained
therein is true, correct and complete. It is understood that all required items, statements, and schedules are considered integral parts of this Form and that the
submission of any amendment represents that all unamended items, statements, and schedules remain true, correct and complete as previously submitted.
Dated the ______________________ day of ____________________, 20_____.
Signatures of:

Names of:

1)

__________________________________________________________
Principal Executive Officer or Comparable Officer

____________________________________________________ 99
Principal Executive Officer or Comparable Officer

2)

__________________________________________________________
Principal Financial Officer or Comparable Officer

____________________________________________________ 99
Principal Executive Officer or Comparable Officer

3)

__________________________________________________________
____________________________________________________ 99
Principal Operations Officer or Comparable Officer
Principal Executive Officer or Comparable Officer
ATTENTION: Intentional misstatements and/or omissions of facts constitute federal criminal violations. (See 18 U.S.C. § 1001 and 15 U.S.C. § 78ff(a).)

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 1

STATEMENT OF FINANCIAL CONDITION
Items on this page to be reported by a:

Stand-Alone SBSD
Broker-Dealer SBSD
Stand-Alone MSBSP
Broker-Dealer MSBSP
ASSETS

Assets

Allowable

Non-Allowable

Total

1. Cash ..................................................................................................

$ ___________________ 200

$ ___________________ 750

2. Cash segregated in compliance with federal
and other regulations........................................................................

$ ___________________ 210

$ ___________________ 760

3. Receivables from brokers/dealers and clearing organizations
A. Failed to deliver
1. Includible in the formula for reserve
requirement under Rule 15c3-3a .......................................

$ ___________________ 220

2. Includible in the formula for the deposit
requirement under Rule 18a-4a .........................................

$ ___________________ 999

3. Other ...................................................................................

$ ___________________ 230

$ ___________________ 770

B. Securities borrowed
1. Includible in the formula for reserve
requirement under Rule 15c3-3a .......................................

$ ___________________ 240

2. Includible in the formula for the deposit
requirement under Rule 18a-4a .........................................

$ ___________________ 999

3. Other ...................................................................................

$ ___________________ 250

$ ___________________ 780

C. Omnibus accounts
1. Includible in the formula for reserve
requirement under Rule 15c3-3a .......................................

$ ___________________ 260

2. Includible in the formula for the deposit
requirement under Rule 18a-4a .........................................

$ ___________________ 999

3. Other ...................................................................................

$ ___________________ 270

$ ___________________ 790

D. Clearing organizations
1. Includible in the formula for reserve
requirement under Rule 15c3-3a .......................................

$ ___________________ 280

2. Includible in the formula for the deposit
requirement under Rule 18a-4a .........................................

$ ___________________ 999

3. Other ...................................................................................

$ ___________________ 290

E. Other .........................................................................................
4. Receivables from customers

$ ___________________ 300

$ ___________________ 800
$ ___________________ 550

$ ___________________ 810

A. Securities accounts
1. Cash and fully secured accounts.......................................

$ ___________________ 310

2. Partly secured accounts ....................................................

$ ___________________ 320

$ ___________________ 560

B. Commodity accounts..................................................................

$ ___________________ 330

$ ___________________ 580

C. Allowance for doubtful accounts................................................

$ (___________________) 335

$ (___________________) 590

$ ___________________ 820

3. Unsecured accounts ..........................................................

$ ___________________ 570

5. Receivables from non-customers
A. Cash and fully secured accounts ..............................................

$ ___________________ 340

B. Partly secured and unsecured accounts ..................................

$ ___________________ 350

$ ___________________ 600

$ ___________________ 830

6. Securities purchased under agreements to resell ............................

$ ___________________ 360

$ ___________________ 605

$ ___________________ 840

7. Trade date receivable .......................................................................

$ ___________________ 292

$ ___________________ 802

8. Total securities, including security-based swaps, and spot
commodities and swaps owned at market value ..............................
Includes encumbered securities of: $ _______________ 120

$ ___________________ 849

$ ___________________ 850

9. Securities owned not readily marketable
A. At cost ................................... $

________________ 130

$ ___________________ 440

$ __________________ 610

$ ___________________ 860

$ ___________________ 450

$ __________________ 620

$ ___________________ 870

10. Other investments not readily marketable
A. At cost ................................... $

________________ 140

B. At estimated fair value ..............................................................

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 1

STATEMENT OF FINANCIAL CONDITION
Items on this page to be reported by a:

Assets

Stand-Alone SBSD
Broker-Dealer SBSD
Stand-Alone MSBSP
Broker-Dealer MSBSP
Allowable

Non-Allowable

Total

11. Securities borrowed under subordination agreements and partners’
individual and capital securities accounts, at market value
A. Exempted securities.............. $

________________ 150

B. Other ..................................... $

________________ 160

$ ___________________ 460

$ __________________ 630

$ __________________ 880

$ ___________________ 470

$ __________________ 640

$ __________________ 890

12. Secured demand notes – market value of collateral
A. Exempted securities.............. $

________________ 170

B. Other ..................................... $

________________ 180

13. Memberships in exchanges
A. Owned, at market value ........ $

________________ 190

B. Owned at cost ...........................................................................

$ __________________ 650

C. Contributed for use of company, at market value.....................

$ __________________ 660

$ __________________ 900

14. Investment in and receivables from affiliates, subsidiaries and
associated partnerships ...................................................................

$ ___________________ 480

$ __________________ 670

$ __________________ 910

15. Property, furniture, equipment, leasehold improvements
and rights under lease agreements
At cost (net of accumulated depreciation and amortization) ...........

$ ___________________ 490

$ __________________ 680

$ __________________ 920

16. Other assets
A. Dividends and interest receivable ...............................................

$ ___________________ 500

$ __________________ 690

B. Free shipments ............................................................................

$ ___________________ 510

$ __________________ 700

C. Loans and advances ...................................................................

$ ___________________ 520

$ __________________ 710

D. Miscellaneous ..............................................................................

$ ___________________ 530

$ __________________ 720

E. Collateral accepted under ASC 860 ............................................

$ ___________________ 536

F. SPE Assets ..................................................................................

$ ___________________ 537

17. TOTAL ASSETS..............................................................................

$ ___________________ 540

Note: MSBSPs should only complete the Allowable and Total columns.

Name of Firm: _____________________________________
As of: ____________________________________________



$ __________________ 930
$ __________________ 740

$ __________________ 940

FOCUS
Report
FORM SBS
Part 1

STATEMENT OF FINANCIAL CONDITION
Items on this page to be reported by a:

Stand-Alone SBSD
Broker-Dealer SBSD
Stand-Alone MSBSP
Broker-Dealer MSBSP
LIABILITIES AND OWNERSHIP EQUITY

Liabilities

A.I. Liabilities

Non-A.I. Liabilities

Total

18. Bank loans payable
A. Includible in the formula for reserve requirements under Rule 15c3-3a ..................... $ ________________ 1030

$ _______________ 1240 $ __________________ 1460

B. Includible in the formula for the deposit requirement under Rule 18a-4a ................... $ ________________ 9999

$ _______________ 9999 $ __________________ 9999

C. Other............................................................................................................................ $ ________________ 1040

$ _______________ 1250 $ __________________ 1470

19. Securities sold under repurchase agreements ................................................................

$ _______________ 1260 $ __________________ 1480

20. Payable to brokers/dealers and clearing organizations
A. Failed to receive
1. Includible in the formula for reserve requirements under Rule 15c3-3a .... $ ________________ 1050

$ _______________ 1270 $ __________________ 1490

2. Includible in the formula for the deposit requirement under Rule 18a-4a .. $ ________________ 9999

$ _______________ 9999 $ __________________ 9999

3. Other ........................................................................................................... $ ________________ 1060

$ _______________ 1280 $ __________________ 1500

B. Securities loaned
1. Includible in the formula for reserve requirements under Rule 15c3-3a .... $ ________________ 1070

$ __________________ 1510

2. Includible in the formula for the deposit requirement under Rule 18a-4a .. $ ________________ 9999

$ __________________ 9999

3. Other ........................................................................................................... $ ________________ 1080

$ _______________ 1290 $ __________________ 1520

C. Omnibus accounts
1. Includible in the formula for reserve requirements under Rule 15c3-3a .... $ ________________ 1090

$ __________________ 1530

2. Includible in the formula for the deposit requirement under Rule 18a-4a .. $ ________________ 9999

$ __________________ 9999

3. Other ........................................................................................................... $ ________________ 1095

$ _______________ 1300 $ __________________ 1540

D. Clearing organizations
1. Includible in the formula for reserve requirements under Rule 15c3-3a .... $ ________________ 1100

$ __________________ 1550

2. Includible in the formula for the deposit requirement under Rule 18a-4a .. $ ________________ 9999

$ __________________ 9999

3. Other ........................................................................................................... $ ________________ 1105

$ _______________ 1310 $ __________________ 1560

E. Other ........................................................................................................................... $ ________________ 1110

$ _______________ 1320 $ __________________ 1570

21. Payable to customers
A. Securities accounts – including free credits of ......... $ _________________ 950 $_________________ 1120

$ __________________ 1580

B. Commodities accounts ............................................................................................... $ ________________ 1130

$ _______________ 1330 $ __________________ 1590

C. Security-based swap accounts – including free credits
of............................................................................... $ _________________ 999 $_________________ 9999

$ __________________ 9999

D. Swap accounts ........................................................................................................... $ ________________ 9999

$ _______________ 9999 $ __________________ 9999

22. Payable to non-customers
A. Securities accounts..................................................................................................... $ ________________ 1140

$ _______________ 1340 $ __________________ 1600

B. Commodities accounts ............................................................................................... $ ________________ 1150

$ _______________ 1350 $ __________________ 1610

C. Security-based swap accounts .................................................................................. $ ________________ 9999

$ _______________ 9999 $ __________________ 9999

D. Swap accounts ........................................................................................................... $ ________________ 9999

$ _______________ 9999 $ __________________ 9999

23. Other derivatives payables ............................................................................................... $ ________________ 9999

$ _______________ 9999 $ __________________ 1561

24. Trade date payable........................................................................................................... $ ________________ 9999

$ _______________ 9999 $ __________________ 1562

25. Securities sold but not yet purchased at market value
– including arbitrage of .................................................. $ _________________ 960

$ _______________ 1360 $ __________________ 1620

26. Accounts payable and accrued liabilities and expenses
A. Drafts payable............................................................................................................. $ ________________ 1160

$ __________________ 1630

B. Accounts payable ....................................................................................................... $ ________________ 1170

$ __________________ 1640

C. Income taxes payable................................................................................................. $ ________________ 1180

$ __________________ 1650

D. Deferred income taxes ...............................................................................................

$ _______________ 1370 $ __________________ 1660

E. Accrued expenses and other liabilities ....................................................................... $ ________________ 1190

$ __________________ 1670

F. Other ........................................................................................................................... $ ________________ 1200

$ _______________ 1380 $ __________________ 1680

G. Obligation to return securities .................................................................................... $ ________________ 9999

$ _______________ 9999 $ __________________ 1686

H. SPE liabilities .............................................................................................................. $ ________________ 9999

$ _______________ 9999 $ __________________ 1687

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 1

STATEMENT OF FINANCIAL CONDITION
Items on this page to be reported by a:

Stand-Alone SBSD
Broker-Dealer SBSD
Stand-Alone MSBSP
Broker-Dealer MSBSP

27. Notes and mortgages payable
A. Unsecured................................................................................................................... $ ________________ 1210

$ __________________ 1690

B. Secured....................................................................................................................... $ ________________ 1211

$ _______________ 1390 $ __________________ 1700

28. Liabilities subordinated to claims of creditors
A. Cash borrowings .........................................................................................................

$ _______________ 1400 $ __________________ 1710

1. From outsiders.................................................. $__________________ 970
2. Includes equity subordination (Rule 15c3-1(d) or Rule 18a-1(h))
of ....................................................................... $ __________________ 980
B. Securities borrowings, at market value ......................................................................

$ _______________ 1410 $ __________________ 1720

1. From outsiders.................................................. $__________________ 990
C. Pursuant to secured demand note collateral agreements .........................................

$ _______________ 1420 $ __________________ 1730

1. From outsiders ................................................. $__________________ 1000
2. Includes equity subordination (Rule 15c3-1(d) or Rule 18a-1(h))
of....................................................................... $ __________________ 1010
D. Exchange memberships contributed for use of company, at market value ...............

$ _______________ 1430 $ __________________ 1740

E. Accounts and other borrowings not qualified for net capital purposes ...................... $ ________________ 1220

$ _______________ 1440 $ __________________ 1750

29. TOTAL LIABILITIES ....................................................................................................... $ ________________ 1230

$ _______________ 1450 $ __________________ 1760

Ownership Equity
30. Sole proprietorship ........................................................................................................................................................................................................... $ __________________ 1770
31. Partnership and limited liability company – including limited partners............................ $ ________________ 1020

$ __________________ 1780

32. Corporation
A. Preferred stock ......................................................................................................................................................... $ _______________ 1791
B. Common stock .......................................................................................................................................................... $ _______________ 1792
C. Additional paid-in capital .......................................................................................................................................... $ _______________ 1793
D. Retained earnings .................................................................................................................................................... $ _______________ 1794
E. Total ............................................................................................................................................................................................................................ $ __________________ 1795
F. Less capital stock in treasury ..................................................................................................................................................................................... $ ( __________________ ) 1796
33. TOTAL OWNERSHIP EQUITY (sum of Line Items 1770, 1780, 1795, and 1796) ......................................................................................................... $ __________________ 1800
34. TOTAL LIABILITIES AND OWNERSHIP EQUITY (sum of Line Items 1760 and 1810) ............................................................................................... $ __________________ 1810

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 1

COMPUTATION OF NET CAPITAL (FILER AUTHORIZED TO USE MODELS)
Items on this page to be reported by a:

Stand-Alone SBSD (Authorized to use models)
Broker-Dealer SBSD (Authorized to use models)
Broker-Dealer MSBSP (Authorized to use models)

Computation of Net Capital
1. Total ownership equity from Item 1800 ............................................................................................................................................................................

$ __________________ 3480

2. Deduct ownership equity not allowable for net capital .....................................................................................................................................................

$(__________________) 3490

3. Total ownership equity qualified for net capital ................................................................................................................................................................

$ __________________ 3500

4. Add:
A. Liabilities subordinated to claims of creditors allowable in computation of net capital...............................................................................................

$ __________________ 3520

B. Other (deductions) or allowable credits (list) ..............................................................................................................................................................

$ __________________ 3525

5. Total capital and allowable subordinated liabilities ..........................................................................................................................................................

$ __________________ 3530

6. Deductions and/or charges
A. Total nonallowable assets from Statement of Financial Condition.....................................................................

$ __________________ 3540

1. Additional charges for customers’ and non-customers’ security accounts....................................................

$ __________________ 3550

2. Additional charges for customers’ and non-customers’ commodity accounts ...............................................

$ __________________ 3560

3. Additional charges for customers’ and non-customers’ security-based swap accounts ...............................

$ __________________ 9999

4. Additional charges for customers’ and non-customers’ swap accounts ........................................................

$ __________________ 9999

B. Aged fail-to-deliver ..............................................................................................................................................

$ __________________ 3570

1. Number of items .......................................................................................... __________________ 3450
C. Aged short security differences – less
reserve of......................................................................................................... __________________ 3460

$ __________________ 3580

number of items ............................................................................................... __________________ 3470
D. Secured demand note deficiency .......................................................................................................................

$ __________________ 3590

E. Commodity futures contracts and spot commodities – proprietary capital charges...........................................

$ __________________ 3600

F. Other deductions and/or charges.......................................................................................................................

$ __________________ 3610

G. Deductions for accounts carried under Rules 15c3-1(a)(6) and (c)(2)(x) ..........................................................

$ __________________ 3615

H. Total deductions and/or charges (sum of Lines 6A-6G) .............................................................................................................................................

$(__________________) 3620

7. Other additions and/or allowable credits (list) ..................................................................................................................................................................

$ __________________ 3630

8. Tentative net capital..........................................................................................................................................................................................................

$ __________________ 3640

9. Contractual securities commitments ................................................................................................................................................................................

$ __________________ 3660

10. Market risk exposure
A. Total value at risk (sum of Lines 10A1-10A5).............................................................................................................................................................

$ __________________ 3634

Value at risk components
1. Fixed income VaR........................................................................................................................................

$ __________________ 3636

2. Currency VaR...............................................................................................................................................

$ __________________ 3637

3. Commodities VaR ........................................................................................................................................

$ __________________ 3638

4. Equities VaR ................................................................................................................................................

$ __________________ 3639

5. Credit derivatives VaR .................................................................................................................................

$ __________________ 3641

B. Diversification benefit ..................................................................................................................................................................................................

$ __________________ 3642

C. Total diversified VaR (Line 10A minus Line 10B) .......................................................................................................................................................

$ __________________ 3643

D. Multiplication factor .....................................................................................................................................................................................................

$ __________________ 3645

E. Subtotal (Line 10C multiplied by Line 10D) ................................................................................................................................................................

$ __________________ 3655

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 1

COMPUTATION OF NET CAPITAL (FILER AUTHORIZED TO USE MODELS)
Items on this page to be reported by a:

Stand-Alone SBSD (Authorized to use models)
Broker-Dealer SBSD (Authorized to use models)
Broker-Dealer MSBSP (Authorized to use models)

11. Deduction for specific risk, unless included in Line 10 above.........................................................................................................................................

$ __________________ 3646

12. Risk deduction using scenario analysis...........................................................................................................................................................................

$ __________________ 3647

A. Fixed income .....................................................................................................................................................

$ __________________ 3648

B. Currency ............................................................................................................................................................

$ __________________ 3649

C. Commodities .....................................................................................................................................................

$ __________________ 3651

D. Equities .............................................................................................................................................................

$ __________________ 3652

E. Credit derivatives ..............................................................................................................................................

$ __________________ 3653

13. Residual marketable securities (see Rule 15c3-1(c)(2)(vi) or 18a-1(c)(1)(vii), as applicable) .......................................................................................

$ __________________ 3665

14. Total market risk exposure (add Lines 10E, 11, 12 and 13) ...........................................................................................................................................

$ __________________ 3677

15. Credit risk exposure for commercial end user counterparties (see Appendix E to Rule 15c3-1 or Rule 18a-1(e)(2), as applicable)
A. Counterparty exposure charge (add Lines 15A1 and 15A2) ......................................................................................................................................
1. Net replacement value default, bankruptcy .................................................................................................

$ __________________ 9999

2. Credit equivalent amount exposure to the counterparty multiplied by the credit-risk weight of the
counterparty multiplied by 8% .....................................................................................................................

$ __________________ 9999

B. Concentration charge ..................................................................................................................................................................................................
1. Credit risk weight 20% ...............................................................................................................................

$ __________________ 3656

2. Credit risk weight >20% and 50% .............................................................................................................

$ __________________ 3657

3. Credit risk weight >50% ...............................................................................................................................

$ __________________ 3658

$ __________________ 3676

$ __________________ 3659

C. Portfolio concentration charge ....................................................................................................................................................................................

$ __________________ 3678

16. Total credit risk exposure (add Lines 15A, 15B and 15C) ..............................................................................................................................................

$ __________________ 3688

17. Net capital (subtract Lines 9, 14 and 16 from Line 8) .....................................................................................................................................................

$ __________________ 3750

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 1

COMPUTATION OF NET CAPITAL (FILER NOT AUTHORIZED TO USE MODELS)
Items on this page to be reported by a:

Stand-Alone SBSD (Not authorized to use models)
Broker-Dealer SBSD (Not authorized to use models)
Broker-Dealer MSBSP (Not authorized to use models)

Computation of Net Capital
1. Total ownership equity from Item 1800 ............................................................................................................................................................................

$ __________________ 3480

2. Deduct ownership equity not allowable for net capital .....................................................................................................................................................

$ (__________________) 3490

3. Total ownership equity qualified for net capital ................................................................................................................................................................

$ __________________ 3500

4. Add:
A. Liabilities subordinated to claims of creditors allowable in computation of net capital...............................................................................................

$ __________________ 3520

B. Other (deductions) or allowable credits (list) ..............................................................................................................................................................

$ __________________ 3525

5. Total capital and allowable subordinated liabilities ..........................................................................................................................................................

$ __________________ 3530

6. Deductions and/or charges
A. Total nonallowable assets from Statement of Financial Condition.....................................................................

$ __________________ 3540

1. Additional charges for customers’ and non-customers’ security accounts....................................................

$ __________________ 3550

2. Additional charges for customers’ and non-customers’ commodity accounts ...............................................

$ __________________ 3560

3. Additional charges for customers’ and non-customers’ security-based swap accounts ...............................

$ __________________ 9999

4. Additional charges for customers’ and non-customers’ swap accounts ........................................................

$ __________________ 9999

B. Aged fail-to-deliver ..............................................................................................................................................

$ __________________ 3570

1. Number of items .............................................................................................. __________________ 3450
C. Aged short security differences-less reserve of .................................................. $__________________ 3460 $ __________________ 3580
1. Number of items .............................................................................................. __________________ 3470
D. Secured demand note deficiency ........................................................................ $__________________ 3590
E. Commodity futures contracts and spot commodities – proprietary capital charges...........................................

$ __________________ 3600

F. Other deductions and/or charges........................................................................................................................

$ __________________ 3610

G. Deductions for accounts carried under Rule 15c3-1(a)(6) and (c)(2)(x) ............................................................

$ __________________ 3615
$ (__________________) 3620

H. Total deductions and/or charges
7. Other additions and/or allowable credits ..........................................................................................................................................................................

$ __________________ 3630

8. Tentative net capital (net capital before haircuts) ............................................................................................................................................................

$ __________________ 3640

9. Haircuts on securities other than security-based swaps
A. Contractual securities commitments ...................................................................................................................

$ __________________ 3660

B. Subordinated securities borrowings....................................................................................................................

$ __________________ 3670

C. Trading and investment securities
1. Bankers’ acceptances, certificates of deposit, commercial paper, and money market instruments .............

$ __________________ 3680

2. U.S. and Canadian government obligations...................................................................................................

$ __________________ 3690

3. State and municipal government obligations..................................................................................................

$ __________________ 3700

4. Corporate obligations......................................................................................................................................

$ __________________ 3710

5. Stocks and warrants .......................................................................................................................................

$ __________________ 3720

6. Options............................................................................................................................................................

$ __________________ 3730

7. Arbitrage .........................................................................................................................................................

$ __________________ 3732

8. Other securities ...............................................................................................................................................

$ __________________ 3734

D. Undue concentration...........................................................................................................................................

$ __________________ 3650

E. Other (List: _______________________________________________________).........................................

$ __________________ 3736

10. Haircuts on security-based swaps...........................................................................................................................

$ __________________ 9999

11. Haircuts on swaps ...................................................................................................................................................

$ __________________ 9999

12. Total haircuts ...................................................................................................................................................................................................................

$ __________________ 3740

13. Net capital (Line 8 minus Line 12) ...................................................................................................................................................................................

$ __________________ 3750

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 1

COMPUTATION OF MINIMUM REGULATORY CAPITAL REQUIREMENTS (BROKER-DEALER)
Items on this page to be reported by a:

Broker-Dealer SBSD
Broker-Dealer MSBSP

Calculation of Excess Tentative Net Capital (If Applicable)
1. Tentative net capital ............................................................................................................................................................................................. $ __________________________ 3640
2. Minimum tentative net capital requirement .......................................................................................................................................................... $ __________________________ 9999
3. Excess tentative net capital (difference between Lines 1 and 2) ......................................................................................................................... $ __________________________ 9999
4. Tentative net capital in excess of 120% of minimum tentative net capital requirement reported on Line 2......................................................... $ __________________________ 9999
Calculation of Minimum Net Capital Requirement
4. Ratio minimum net capital requirement
A. 62/3% of total aggregate indebtedness (Line Item 3840) ................................................................................................................................ $ __________________________ 3756
B. 2% of aggregate debit items as shown in the Formula for Reserve Requirements pursuant to Rule 15c3-3 ............................................... $ __________________________ 3870
i. Minimum CFTC net capital requirement.................................................................................. $ __________________________ 7490
C. 8% of risk margin amount ............................................................................................................................................................................... $ __________________________ 9999
D. Minimum ratio requirement (sum of Lines 4A, 4B, and/or 4C, as applicable) ................................................................................................ $ __________________________ 9999
5. Fixed-dollar minimum net capital requirement ..................................................................................................................................................... $ __________________________ 3880
6. Minimum net capital requirement (greater of Lines 4D and 5)............................................................................................................................. $ __________________________ 3760
7. Excess net capital (Item 3750 minus Item 3760) ................................................................................................................................................. $ __________________________ 3910
8. Net capital and tentative net capital in relation to early warning thresholds
A. Net capital in excess of 120% of minimum net capital requirement reported on Line 6 ................................................................................. $ __________________________ 9999
B. Net capital in excess of 5% of combined aggregate debit items as shown in the Formula for Reserve Requirements
pursuant to Rule 15c3-3 .................................................................................................................................................................................. $ __________________________ 9999
Computation of Aggregate Indebtedness
9. Total liabilities from Statement of Financial Condition (Item 1760) ..................................................................................................................... $ __________________________ 3790
10. Add:
A. Drafts for immediate credit .......................................................................................................... $ __________________________ 3800
B. Market value of securities borrowed for which no equivalent value is paid or credited ............. $ __________________________ 3810
C. Other unrecorded amounts (list) ................................................................................................. $ __________________________ 3820
D. Total additions (sum of Line Items 3800, 3810, and 3820) ........................................................................................................................... $ __________________________ 3830
11. Deduct: Adjustment based on deposits in Special Reserve Bank Accounts (see Rule 15c3-1(c)(1)(vii)) ......................................................... $ __________________________ 3838
12. Total aggregate indebtedness (sum of Line Items 3790 and 3830) ................................................................................................................... $ __________________________ 3840
13. Percentage of aggregate indebtedness to net capital (Item 3840 divided by Item 3750) .................................................................................. %__________________________ 3850
14. Percentage of aggregate indebtedness to net capital after anticipated capital withdrawals (Item 3840 divided by Item 3750
less Item 4880).................................................................................................................................................................................................... %__________________________ 3853
Calculation of Other Ratios
15. Percentage of net capital to aggregate debits (Item 3750 divided by Item 4470) .............................................................................................. % __________________________ 3851
16. Percentage of net capital, after anticipated capital withdrawals, to aggregate debits (Item 3750 less Item 4880,
divided by Item 4470) .......................................................................................................................................................................................... $ __________________________ 3854
17. Percentage of debt to debt-to-equity total, computed in accordance with Rule 15c3-1(d)................................................................................. %__________________________ 3860
18. Options deductions/net capital ratio (1000% test) total deductions exclusive of liquidating equity under Rule 15c3-1(a)(6)
and (c)(2)(x) divided by net capital...................................................................................................................................................................... $ __________________________ 3852

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 1

COMPUTATION OF MINIMUM REGULATORY CAPITAL REQUIREMENTS (NON-BROKER-DEALER)
Items on this page to be reported by a:

Stand-Alone SBSD

Calculation of Excess Tentative Net Capital (If Applicable)
1. Tentative net capital ............................................................................................................................................................................................. $ __________________________ 3640
2. Fixed-dollar minimum tentative net capital requirement ...................................................................................................................................... $ __________________________ 9999
3. Excess tentative net capital (difference between Lines 1 and 2) ......................................................................................................................... $ __________________________ 9999
4. Tentative net capital in excess of 120% of minimum tentative net capital requirements reported on Line 2 ....................................................... $ __________________________ 9999
Calculation of Minimum Net Capital Requirement
5. Ratio minimum net capital requirement – 8% of risk margin amount ................................................................................................................. $ __________________________ 9999
6. Fixed-dollar minimum net capital requirement ..................................................................................................................................................... $ __________________________ 3880
7. Minimum net capital requirement (greater of Lines 4 and 5) ............................................................................................................................... $ __________________________ 3760
8. Excess net capital (Item 3750 minus Item 3760) ................................................................................................................................................. $ __________________________ 3910
9. Net capital in excess of 120% of minimum net capital requirement reported on Line 6 (Line Item 3750 – [Line Item 3760 x 120%]) ............... $ __________________________ 9999

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 1

COMPUTATION OF TANGIBLE NET WORTH
Items on this page to be reported by a:

Stand-Alone MSBSP
Broker-Dealer MSBSP

1. Total ownership equity (from Item 1800).............................................................................................................................................................. $ __________________________ 1800
2. Goodwill and other intangible assets ................................................................................................................................................................... $ __________________________ 9999
3. Tangible net worth (Line 1 minus Line 2) ............................................................................................................................................................. $ __________________________ 9999

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 1

STATEMENT OF INCOME (LOSS)
Items on this page to be reported by a:

Stand-Alone SBSD
Broker-Dealer SBSD
Stand-Alone MSBSP
Broker-Dealer MSBSP

REVENUE
1.

FOCUS Report

Fees, Commissions, or Premiums from Derivatives, Securities and Other Instruments

Reference Line

A. Equities, ETFs and closed end funds............................................................................................................................ $ _____________ 13935

A: 3935

B. Exchange listed equity securities executed OTC.......................................................................................................... $ _____________ 13937

C/II: 3937

C. U.S. government and agencies ..................................................................................................................................... $ _____________ 11001
D. Foreign sovereign debt .................................................................................................................................................. $ _____________ 11002
E. Corporate debt............................................................................................................................................................... $ _____________ 11003
F. Mortgage-backed and other asset-backed securities ................................................................................................... $ _____________ 11004
G. Municipals...................................................................................................................................................................... $ _____________ 11005
H. Listed options................................................................................................................................................................. $ _____________ 13938

A: 3938

I. OTC options................................................................................................................................................................... $ _____________ 11006
J. All other securities commissions ................................................................................................................................... $ _____________ 13939

A: 3939

K. Commodity transactions ................................................................................................................................................ $ _____________ 13991

C: 3991, II/IIA: 3990

L. Foreign exchange .......................................................................................................................................................... $ _____________ 11007
M. Security-based swaps ................................................................................................................................................... $ _____________ 99999
N. Mixed swaps .................................................................................................................................................................. $ _____________ 99999
O. Swaps ............................................................................................................................................................................ $ _____________ 99999
P. Aggregate amount if less than the greater of $5,000 or 5% of total revenue
(Item 14030) (do not complete Lines 1A-1O)................................................................................................................ $ _____________ 11008
1.

Is any portion of Line 1P related to municipal securities? .......................................

Yes Ƒ No Ƒ 11009

Total Commissions (sum of Lines 1A-1O):$ _____________ 13940

A: 3940

2.

Revenue from Sale of Investment Company Shares......................................................................................................... $ _____________ 13970

A: 3970

3.

Revenue from Sale of Insurance Based Products
A. Variable contracts .......................................................................................................................................................... $ _____________ 11020
B. Non-securities insurance based products ..................................................................................................................... $ _____________ 11021
C. Aggregate amount if less than the greater of $5,000 or 5% of total revenue
(Item 14030) (do not complete Lines 3A-3B) ................................................................................................................ $ _____________ 11022
Total Revenue from Sale of Insurance Based Products (sum of Lines 3A-3B): $ _____________ 11029

4.

5.

Gains or Losses on Derivative Trading Desks
A. Interest rate/fixed income products ............................................................................................................................... $ _____________ 13921

C: 3921

B. Currency ........................................................................................................................................................................ $ _____________ 13922

C: 3922

C. Equity products.............................................................................................................................................................. $ _____________ 13923

C: 3923

D. Commodity products...................................................................................................................................................... $ _____________ 13924

C: 3924

E. Other .............................................................................................................................................................................. $ _____________ 13925

C: 3925

Total Gains or Losses on Derivative Trading (sum of Lines 4A-4E): $ _____________ 13926

C: 3926

Gains or Losses on Principal Trades (Do not report amounts already reported on Lines 4A-4E)
A. Equities, ETFs and closed end funds. Includes dividends:............................................

Yes Ƒ No Ƒ 11030 $ _____________ 13903

C: 3903

B. U.S. government and agencies. Includes interest: ........................................................

Yes Ƒ No Ƒ 11031 $ _____________ 11032

C: 3901

C. Foreign sovereign debt. Includes interest: .....................................................................

Yes Ƒ No Ƒ 11033 $ _____________ 11034

C: 3901

D. Corporate debt. Includes interest: ..................................................................................

Yes Ƒ No Ƒ 11035 $ _____________ 11036

C: 3901

E. Mortgage-backed and other asset-backed securities. Includes interest:.......................

Yes Ƒ No Ƒ 11037 $ _____________ 11038

C: 3901

F. Municipal securities. Includes interest:...........................................................................

Yes Ƒ No Ƒ 11039 $ _____________ 13901

C: 3901

G. Listed options................................................................................................................................................................. $ _____________ 11040
H. OTC options................................................................................................................................................................... $ _____________ 11041
I. Commodity transactions ................................................................................................................................................ $ _____________ 13904
Name of Firm: _____________________________________
As of: ____________________________________________



C: 3904

FOCUS
Report
FORM SBS
Part 1

STATEMENT OF INCOME (LOSS)
Items on this page to be reported by a:

Stand-Alone SBSD
Broker-Dealer SBSD
Stand-Alone MSBSP
Broker-Dealer MSBSP

J. Foreign exchange .......................................................................................................................................................... $ _____________ 13902

C: 3902

K. Futures........................................................................................................................................................................... $ _____________ 11044
L. Security-based swaps (sum of Lines 5L1-5L4) .............................................................................................................. $ _____________ 11042
1.

Debt security-based swaps (other than credit default swaps)................................. $ _____________ 99999

2.

Equity security-based swaps ................................................................................... $ _____________ 99999

3.

Credit default security-based swaps ........................................................................ $ _____________ 99999

4.

Other security-based swaps .................................................................................... $ _____________ 99999

M. Mixed swaps ................................................................................................................................................................. $ _____________ 99999
N. Swaps (sum of Lines 5N1-5N7).................................................................................................................................... $ _____________ 11043
1.

Interest rate swaps................................................................................................... $ _____________ 99999

2.

Foreign exchange swaps ......................................................................................... $ _____________ 99999

3.

Commodity swaps .................................................................................................... $ _____________ 99999

4.

Debt index swaps (other than credit default swaps) ................................................ $ _____________ 99999

5.

Equity index swaps .................................................................................................. $ _____________ 99999

6.

Credit default swaps ................................................................................................ $ _____________ 99999

7.

Other swaps ............................................................................................................. $ _____________ 99999

O. Other .............................................................................................................................................................................. $ _____________ 13951

C: 3951

P. Aggregate amount if less than the greater of $5,000 or 5% of total revenue
(Item 14030) (do not complete Lines 5A-5O) ................................................................................................................ $ _____________ 11045
1.
6.

Is any portion of Line 5P related to municipal securities? .......................................

A: 3950

Capital Gains (Losses) on Firm Investment Accounts ....................................................................................................... $ _____________ 13952

A: 3952

A. Includes dividends and/or interest ...................................................................................

7.

Yes Ƒ No Ƒ 11046

Total Gains or Losses on Principal Trades (sum of Lines 5A-5O): $ _____________ 13950
Yes Ƒ No Ƒ 11053

B. Realized capital gains (losses) ........................................................................................ $ _____________ 4235

C: 4235

C. Unrealized capital gains (losses)..................................................................................... $ _____________ 4236

C: 4236

Interest / Rebate / Dividend Income
A. Securities borrowings .................................................................................................................................................... $ _____________ 11060
B. Reverse repurchase transactions.................................................................................................................................. $ _____________ 11061
C. Margin interest ............................................................................................................................................................... $ _____________ 13960

C/II: 3960

D. Revenue earned from customer bank sweep (FDIC insured products) programs ....................................................... $ _____________ 11062
E. Revenue earned from customer fund sweeps into '40 Act investments....................................................................... $ _____________ 11063
F. Interest and/or dividends on securities held in firm inventory (not otherwise reported) ............................................... $ _____________ 11064
G. Other interest ................................................................................................................................................................. $ _____________ 13953
H. Aggregate amount if less than the greater of $5,000 or 5% of total revenue
(Item 14030) (do not complete Lines 7A-7G) ................................................................................................................ $ _____________ 11065
Total Interest / Rebate / Dividend Income (sum of Lines 7A-7G): $ _____________ 11069
8.

Revenue from Underwritings and Selling Group Participation
A. Municipal offerings......................................................................................................................................................... $ _____________ 11070
B. Registered offerings
1.

Offerings other than self or affiliate (excludes municipal offerings)....................................................................... $ _____________ 11071

2.

Offerings, self or affiliate (excludes municipal offerings) ....................................................................................... $ _____________ 11072
Total Revenue from Registered Offerings (sum of Lines 8A-8B2): $ _____________ 11079

C. Unregistered offerings (excludes municipal offerings) (sections below refer to Operational Page – see instructions)
Did the broker or dealer filing this report participate in the sale of any unregistered offering during the
reporting period for which it received no compensation? ...................................................... Yes Ƒ No Ƒ 11080
1. Unregistered offerings, other than self or affiliate offerings – Section 1 ............................................................... $ _____________ 11081
2.

Unregistered offerings, self or affiliate offerings – Section 2 ................................................................................. $ _____________ 11082
Total Revenue from Unregistered Offerings (sum of Line Items 11081 and 11082): $ _____________ 11089

Name of Firm: _____________________________________
As of: ____________________________________________



C: 3953

FOCUS
Report
FORM SBS
Part 1

STATEMENT OF INCOME (LOSS)
Items on this page to be reported by a:

Stand-Alone SBSD
Broker-Dealer SBSD
Stand-Alone MSBSP
Broker-Dealer MSBSP

Total Revenue from Underwritings and Selling Group Participation (sum of Line Items 11070, 11079, and 11089): $ _____________ 13955
9.

A: 3955

Miscellaneous Fees Earned
A. Fees earned from affiliated entities ............................................................................................................................... $ _____________ 11090
B. Investment banking fees; M&A advisory ....................................................................................................................... $ _____________ 11091
C. Account supervision and investment advisory services ................................................................................................ $ _____________ 13975

A: 3975

D. Administrative fees ........................................................................................................................................................ $ _____________ 11092

A: 3975

E. Revenue from research services................................................................................................................................... $ _____________ 13980

C/II: 3980

F. Rebates from exchanges, ECNs, and ATSs ................................................................................................................. $ _____________ 11093
G. 12b-1 fees ...................................................................................................................................................................... $ _____________ 11094
H. Mutual fund revenue other than concessions or 12b-1 fees ......................................................................................... $ _____________ 11095
I. Execution services......................................................................................................................................................... $ _____________ 11096
J. Clearing services ........................................................................................................................................................... $ _____________ 11097
K. Fees earned on customer bank sweep (FDIC insured products) programs ................................................................. $ _____________ 11098
L. Fees earned from sweep programs into ’40 Act investments ....................................................................................... $ _____________ 11099
M. Networking fees from ’40 Act companies ...................................................................................................................... $ _____________ 11100
N. Other fees ...................................................................................................................................................................... $ _____________ 11101
O. Aggregate amount if less than the greater of $5,000 or 5% of total revenue
(Item 14030) (do not complete Lines 9A-9N) ................................................................................................................ $ _____________ 11102
Total Fees Earned (sum of Lines 9A-9N): $ _____________ 11109
10. Other Revenue
A. Total revenue from sale of certificates of deposit (CDs) issued by an affiliate ............................................................. $ _____________ 11126
B. Other revenue................................................................................................................................................................ $ _____________ 13995

A: 3995

If Line Item 13995 is greater than both 10% of Item 14030 and $5,000, provide a description of the 3 largest
components of Other Revenue, along with the associated revenue for each.
B-1. Description of: 1st largest component of Other Revenue
11120

$ _____________ 11121

11122

$ _____________ 11123

11124

$ _____________ 11125

B-2. Description of: 2nd largest component of Other Revenue
B-3. Description of: 3rd largest component of Other Revenue
Total Revenue (sum of Line Items 11230, 11231, 11232, 11233, 11234, 11235, & 11236): $ _____________ 14030

A: 4030

EXPENSES
11. Compensation Expenses
A. Registered representatives’ compensation ................................................................................................................... $ _____________ 14110

C/II: 4110

B. Compensation paid to all other revenue producing personnel (including temporary personnel) ................................. $ _____________ 14040

C/II: 4040

C. Compensation paid to non-revenue producing personnel (including temporary personnel) ........................................ $ _____________ 11200
D. Bonuses ......................................................................................................................................................................... $ _____________ 11201
E. Other compensation expenses...................................................................................................................................... $ _____________ 11202
F. Aggregate amount if less than the greater of $5,000 or 5% of total expenses
(Item 14200) (do not complete Lines 11A-11E) ............................................................................................................ $ _____________ 11203
Total Compensation Expenses (sum of Lines 11A-11E): $ _____________ 11209
12. Commission, Clearance and Custodial Expenses
A. Floor brokerage and fees paid ...................................................................................................................................... $ _____________ 14055

C/II: 4055

B. Amounts paid to exchanges, ECNs, and ATSs ............................................................................................................ $ _____________ 14145

C/II: 4145

C. Clearance fees paid to broker-dealers .......................................................................................................................... $ _____________ 11210
D. Clearance fees paid to non-broker-dealers ................................................................................................................... $ _____________ 14135

C/II: 4135

E. Commission paid to broker-dealers .............................................................................................................................. $ _____________ 14140

IIA: 4140

F. 12b-1 fees ...................................................................................................................................................................... $ _____________ 11211
G. Custodial fees ................................................................................................................................................................ $ _____________ 11212
Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 1

STATEMENT OF INCOME (LOSS)
Items on this page to be reported by a:

Stand-Alone SBSD
Broker-Dealer SBSD
Stand-Alone MSBSP
Broker-Dealer MSBSP

H. Aggregate amount if less than the greater of $5,000 or 5% of total expenses
(Item 14200) (do not complete Lines 12A-12G)............................................................................................................ $ _____________ 11213
Total Commission, Clearance and Custodial Fees (sum of Lines 12A-12G): $ _____________ 11219
13. Expenses Incurred on Behalf of Affiliates and Others
A. Soft dollar expenses ...................................................................................................................................................... $ _____________ 11220
B. Rebates/recapture of commissions ............................................................................................................................... $ _____________ 11221
Total Expenses incurred on Behalf of Affiliates and Others (sum of Lines 13A-13B): $ _____________ 11229
14. Interest and Dividend Expenses
A. Interest paid on bank loans ........................................................................................................................................... $ _____________ 11230
B. Interest paid on debt instruments where firm is the obligor, including subordination agreements............................... $ _____________ 11231
C. Interest paid on customer and security-based swap customer balances ..................................................................... $ _____________ 11232
D. Interest paid on securities loaned transactions ............................................................................................................. $ _____________ 11233
E. Interest paid on repurchase agreements ...................................................................................................................... $ _____________ 11234
F. Interest and/or dividends on short securities inventory ................................................................................................. $ _____________ 11235
G. Other interest expenses ................................................................................................................................................ $ _____________ 11236
H. Aggregate amount if less than the greater of $5,000 or 5% of total expenses
(Item 14200) (do not complete Lines 14A-14G)............................................................................................................ $ _____________ 11237
Total Interest and Dividend Expenses (sum of Lines 14A-14G): $ _____________ 14075

A: 4075

15. Fees Paid to Third Party Service Providers
A. To affiliates .................................................................................................................................................................... $ _____________ 11240
B. To non-affiliates ............................................................................................................................................................. $ _____________ 11241
Total Fees Paid to Third Party Service Providers (sum of Lines 15A-15B): $ _____________ 11249
16. General, Administrative, Regulatory and Miscellaneous Expenses
A. Finders’ fees .................................................................................................................................................................. $ _____________ 11250
B. Technology, data and communication costs ................................................................................................................. $ _____________ 14060

C/II: 4060, 4186

C. Research ....................................................................................................................................................................... $ _____________ 11251
D. Promotional fees ............................................................................................................................................................ $ _____________ 14150

C/II: 4150

E. Travel and entertainment............................................................................................................................................... $ _____________ 11252
F. Occupancy and equipment expenses ........................................................................................................................... $ _____________ 14080

C/II: 4080

G. Non-recurring charges ................................................................................................................................................... $ _____________ 14190

C/II: 4190

H. Regulatory fees ............................................................................................................................................................. $ _____________ 14195

A: 4195

I. Professional service fees .............................................................................................................................................. $ _____________ 11253
J. Litigation, arbitration, settlement, restitution and rescission, and related outside counsel legal fees .......................... $ _____________ 11254
K. Losses in error accounts and bad debts ....................................................................................................................... $ _____________ 14170

C/II: 4170

L. State and local income taxes ........................................................................................................................................ $ _____________ 11255
M. Aggregate amount if less than the greater of $5,000 or 5% of total expenses
(Item 14200) (do not complete Lines 16A-16L) ............................................................................................................ $ _____________ 11256
Total General, Administrative, Regulatory and Miscellaneous Expenses (sum of Lines 16A-16L): $ _____________ 11269
17. Other Expenses
A. Other expenses ............................................................................................................................................................. $ _____________ 14100

A: 4100

If Line Item 14100 is greater than both 10% of Item 14200 and $5,000, provide a description of the 3 largest
components of Other Expenses, along with the associated expense for each.
A-1. Description of: 1st largest component of Other Expenses
11280

$ _____________ 11281

11282

$ _____________ 11283

11284

$ _____________ 11285

A-2. Description of: 2nd largest component of Other Expenses
A-3. Description of: 3rd largest component of Other Expenses
Total Expenses (sum of Line Items 11209, 11219, 11229, 14075, 11249, 11269, and 14100): $ _____________ 14200
Name of Firm: _____________________________________
As of: ____________________________________________



A: 4200

FOCUS
Report
FORM SBS
Part 1

STATEMENT OF INCOME (LOSS)
Items on this page to be reported by a:

Stand-Alone SBSD
Broker-Dealer SBSD
Stand-Alone MSBSP
Broker-Dealer MSBSP

NET INCOME
18. Net Income
A. Income (loss) before Federal income taxes and items below....................................................................................... $ _____________ 14210

A: 4210

B. Provision for Federal income taxes ............................................................................................................................... $ _____________ 14220

A: 4220

C. Equity in earnings (losses) of unconsolidated subsidiaries not included above ........................................................... $ _____________ 14222

A: 4222

1.

After Federal income taxes of .............................................................................

$ _____________ 4238

D. Extraordinary gains (losses) .......................................................................................................................................... $ _____________ 14224
1.

After Federal income taxes of .............................................................................

$ _____________ 4239

C/II: 4238
A: 4224
C/II: 4239

E. Cumulative effect of changes in accounting principles ................................................................................................. $ _____________ 14225

A: 4225

F. Net income (loss) after Federal income taxes and extraordinary items ....................................................................... $ _____________ 14230

A: 4230

Total Net Income (Line Item 14210 minus Line Items 14220, 14222, 14224, and 14225): $ _____________ 11299

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 1

CAPITAL WITHDRAWALS
Items on this page to be reported by a:

Stand-Alone SBSD
Broker-Dealer SBSD
Broker-Dealer MSBSP

OWNERSHIP EQUITY AND SUBORDINATED LIABILITIES MATURING OR PROPOSED TO BE WITHDRAWN WITHIN THE NEXT SIX MONTHS AND
ACCRUALS, WHICH HAVE NOT BEEN DEDUCTED IN THE COMPUTATION OF NET CAPITAL
Type of Proposed
Withdrawal or
Accrual
(See below for
code to enter)

Amount to be
Withdrawn (cash
amount and/or Net
Capital Value of
Securities)

(MM/DD/YY)
Withdrawal or
Maturity
Date

Expect
to
Renew
(Yes or No)

Name of Lender or Contributor

Insider or
Outsider?
(In or Out)

____________ 4600

__________________________ 4601

_________ 4602 $ _____________________ 4603

___________ 4604

______ 4605

____________ 4610

__________________________ 4611

_________ 4612 $ _____________________ 4613

___________ 4614

______ 4615

____________ 4620

__________________________ 4621

_________ 4622 $ _____________________ 4623

___________ 4624

______ 4625

____________ 4630

__________________________ 4631

_________ 4632 $ _____________________ 4633

___________ 4634

______ 4635

____________ 4640

__________________________ 4641

_________ 4642 $ _____________________ 4643

___________ 4644

______ 4645

____________ 4650

__________________________ 4651

_________ 4652 $ _____________________ 4653

___________ 4654

______ 4655

____________ 4660

__________________________ 4661

_________ 4662 $ _____________________ 4663

___________ 4664

______ 4665

____________ 4670

__________________________ 4671

_________ 4672 $ _____________________ 4673

___________ 4674

______ 4675

____________ 4680

__________________________ 4681

_________ 4682 $ _____________________ 4683

___________ 4684

______ 4685

____________ 4690

__________________________ 4691

_________ 4692 $ _____________________ 4693

___________ 4694

______ 4695

Total: $ _____________________ 4699 *
* To agree with the total on Recap (Line Item 4880)

Instructions:

Detailed listing must include the total of items maturing during the six month period following the report date, regardless of whether or not the capital contribution is
expected to be renewed. The schedule must also include proposed capital withdrawals scheduled within the six month period following the report date including the
proposed redemption of stock and payments of liabilities secured by fixed assets (which are considered allowable assets in the capital computation, which could be
required by the lender on demand or in less than six months.

CODE:
1.
2.
3.
4.

DESCRIPTIONS:
Equity capital
Subordinated liabilities
Accruals
Assets not readily convertible into cash

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 1

CAPITAL WITHDRAWALS
RECAP
Items on this page to be reported by a:

Stand-Alone SBSD
Broker-Dealer SBSD
Broker-Dealer MSBSP

OWNERSHIP EQUITY AND SUBORDINATED LIABILITIES MATURING OR PROPOSED TO BE WITHDRAWN WITHIN THE NEXT SIX MONTHS
AND ACCRUALS, WHICH HAVE NOT BEEN DEDUCTED IN THE COMPUTATION OF NET CAPITAL
1.

Equity capital
A. Partnership and limited liability company capital
1.

General partners .............................................................................................................................................. $ ________________ 4700

2.

Limited partners and limited liability company members ................................................................................. $ ________________ 4710

3.

Undistributed profits ......................................................................................................................................... $ ________________ 4720

4.

Other (describe below)..................................................................................................................................... $ ________________ 4730

5.

Sole proprietorship ........................................................................................................................................... $ ________________ 4735

B. Corporation capital

2.

1.

Common stock ................................................................................................................................................. $ ________________ 4740

2.

Preferred stock ................................................................................................................................................. $ ________________ 4750

3.

Retained earnings (dividends and other) ......................................................................................................... $ ________________ 4760

4.

Other (describe below)..................................................................................................................................... $ ________________ 4770

Subordinated liabilities
A. Secured demand notes ........................................................................................................................................... $ ________________ 4780
B. Cash subordinates................................................................................................................................................... $ ________________ 4790
C. Debentures .............................................................................................................................................................. $ ________________ 4800
D. Other (describe below) ............................................................................................................................................ $ ________________ 4810

3.

Other accrued withdrawals
A. Bonuses ................................................................................................................................................................... $ ________________ 4820
B. Voluntary contributions to pension or profit sharing plans ...................................................................................... $ ________________ 4860
C. Other (describe below) ............................................................................................................................................ $ ________________ 4870
Total (sum of Lines 1-3): $ ___________________ 4880

4.

Description of Other

___________________________________________________________________________________________________________________________________________________
___________________________________________________________________________________________________________________________________________________
___________________________________________________________________________________________________________________________________________________

STATEMENT OF CHANGES IN OWNERSHIP EQUITY
(SOLE PROPRIETORSHIP, PARTNERSHIP OR CORPORATION)
1.

Balance, beginning of period .......................................................................................................................................................................................... $ ____________________ 4240
A. Net income (loss)....................................................................................................................................................................................................... $ ____________________ 4250
B. Additions (includes non-conforming capital of ........................................................................................................ $ ________________ 4262 ) $ ____________________ 4260
C. Deductions (includes non-conforming capital of ..................................................................................................... $ ________________ 4272 ) $ ____________________ 4270

2.

Balance, end of period (from Line Item 1800) ................................................................................................................................................................ $ ____________________ 4290

STATEMENT OF CHANGES IN LIABILITIES
SUBORDINATED TO CLAIMS OF CREDITORS
3.

Balance, beginning of period .......................................................................................................................................................................................... $ ____________________ 4300
A. Increases ................................................................................................................................................................................................................... $ ____________________ 4310
B. Decreases.................................................................................................................................................................................................................. $ ( ____________________ )4320

4.

Balance, end of period (from Item 3520)........................................................................................................................................................................ $ ____________________ 4330

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 1

FINANCIAL AND OPERATIONAL DATA
Items on this page to be reported by a:

Stand-Alone SBSD
Broker-Dealer SBSD
Broker-Dealer MSBSP
Valuation

Number

1. Month end total number of stock record breaks
A. Breaks long unresolved for more than three business days ..............................................................................

$ __________________ 4890

__________________ 4900

B. Breaks short unresolved for more than seven business days after discovery ..................................................

$ __________________ 4910

__________________ 4920

2. Is the firm in compliance with Rule 17a-13 or 18a-9, as applicable, regarding periodic count and verification of
securities positions and locations at least once in each calendar quarter? (Check one) .......................................

Yes Ƒ 4930

No

Ƒ

4940

3. Personnel employed at end of reporting period
A. Income producing personnel .......................................................................................................................................................................................

__________________ 4950

B. Non-income producing personnel (all other) ...............................................................................................................................................................

__________________ 4960

C. Total (sum of Lines 3A-3B)..........................................................................................................................................................................................

__________________ 4970

4. Actual number of tickets executed during the reporting period .......................................................................................................................................

__________________ 4980

5. Number of corrected customer confirmations mailed after settlement date....................................................................................................................

__________________ 4990

No. of Items

Ledger Amount

Market Value

6. Failed to deliver 5 business days or longer (21 business days or longer
in the case of municipal securities).................................................................... __________________ 5360

$ __________________ 5361

$ __________________ 5362

7. Failed to receive 5 business days or longer (21 business days or longer
in the case of municipal securities).................................................................... __________________ 5363

$ __________________ 5364

$ __________________ 5365

A. Proprietary positions for which there is an undue concentration ...............................................................................................................................

$ __________________ 5370

B. Customers’ and security-based swap customers’ accounts under Rules 15c3-3 or 18a-4, as applicable ...............................................................

$ __________________ 5374

9. Total of personal capital borrowings due within six months .............................................................................................................................................

$ __________________ 5378

10. Maximum haircuts on underwriting commitments during the reporting period...............................................................................................................

$ __________________ 5380

11. Planned capital expenditures for business expansion during next six months ..............................................................................................................

$ __________________ 5382

12. Liabilities of other individuals or organizations guaranteed by respondent....................................................................................................................

$ __________________ 5384

13. Lease and rentals payable within one year ....................................................................................................................................................................

$ __________________ 5386

8. Security (including security-based swap) concentrations

14. Aggregate lease and rental commitments payable for entire term of the lease
A. Gross ..........................................................................................................................................................................................................................

$ __________________ 5388

B. Net ..............................................................................................................................................................................................................................

$ __________________ 5390

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 1

FINANCIAL AND OPERATIONAL DATA
Items on this page to be reported by a:

Operational Deductions from Capital – Note A

Stand-Alone SBSD
Broker-Dealer SBSD
Broker-Dealer MSBSP
I
No. of Items

II
Debits (Short Value)
(Omit 000’s)

III
Credits (Long Value)
(Omit 000’s)

IV
Deductions in Computing
Net Capital
(Omit Pennies)

1. Money suspense and balancing differences ...................................................... ______________ 5610 $______________ 5810 $______________ 6010 $______________ 6012
2. Security suspense and differences with related money balances...................... L______________ 5620 $______________ 5820 $______________ 6020 $______________ 6022
S______________ 5625 $______________ 5825 $______________ 6025 $______________ 6027
3. Market value of short and long security suspense and differences
without related money balances (other than reported in Line 4, below) ........... ______________ 5630 $______________ 5830 $______________ 6030 $______________ 6032
4. Market value of security record breaks ............................................................... ______________ 5640 $______________ 5840 $______________ 6040 $______________ 6042
5. Unresolved reconciling differences with others
A. Correspondents, SBSDs, and MSBSPs ...................................................... L______________ 5650 $______________ 5850 $______________ 6050 $______________ 6052
S______________ 5655 $______________ 5855 $______________ 6055 $______________ 6057
B. Depositories ................................................................................................. ______________ 5660 $______________ 5860 $______________ 6060 $______________ 6062
C. Clearing organizations ................................................................................. L______________ 5670 $______________ 5870 $______________ 6070 $______________ 6072
S______________ 5675 $______________ 5875 $______________ 6075 $______________ 6077
D. Inter-company accounts............................................................................... ______________ 5680 $______________ 5880 $______________ 6080 $______________ 6082
E. Bank accounts and loans ............................................................................. ______________ 5690 $______________ 5890 $______________ 6090 $______________ 6092
F. Other ............................................................................................................. ______________ 5700 $______________ 5900 $______________ 6100 $______________ 6102
G. (Offsetting) Lines 5A through 5F ................................................................. ______________ 5720 $(______________) 5920 $(_____________) 6120
TOTAL (Lines 5A-5G) ........................................................................................ ______________ 5730 $______________ 5930 $______________ 6130 $______________ 6132
6. Commodity differences ....................................................................................... ______________ 5740 $______________ 5940 $______________ 6140 $______________ 6142
7. Open transfers and reorganization account items over 40 days not
confirmed or verified .......................................................................................... ______________ 5760 $______________ 5960 $______________ 6160 $______________ 6162
8. TOTAL (Lines 1-7) .............................................................................................. ______________ 5770 $______________ 5970 $______________ 6170 $______________ 6172
9. Lines 1-6 resolved subsequent to report date .................................................... ______________ 5775 $______________ 5975 $______________ 6175 $______________ 6177
10. Aged fails – to deliver......................................................................................... ______________ 5780 $______________ 5980 $______________ 6180 $______________ 6182
– to receive ....................................................................................... ______________ 5785 $______________ 5985 $______________ 6185 $______________ 6187
NOTE A - This section must be completed as follows:
1. The filers must complete Column IV, Lines 1 through 8 and 10, reporting deductions from capital as of the report date whether resolved subsequently or not (see instructions relative to
each line item).
2. Columns I, II and III of Lines 1 through 8 must be completed only if the total deduction on Column IV of Line 8 equals or exceeds 25% of excess net capital as of the prior month end
reporting date. All columns of Line 10 require completion.
3. A response to Columns I through IV of Line 9 and the "Potential Operational Charges Not Deducted From Capital-Note B" schedule are required only if:
A. The parameters cited in Note A-2 exist, and
B. The total deduction, Line 8, Column IV, for the current month exceeds the total deductions for the prior month by 50% or more.
4. All columns and Lines 1 through 10 must be answered if required. If respondent has nothing to report, enter “0.”
Other Operational Data (Items 1, 2 and 3 below require an answer)
Item 1. Have the accounts enumerated on Lines 5A through 5F above been reconciled with statements received from others within 35 days for Lines
5A through 5D and 65 days for Lines 5E and 5F prior to the report date and have all reconciling differences been appropriately comprehended in the
computation of net capital at the report date? If this has not been done in all respects, answer No.

Yes __________ 5600
No __________ 5601

Item 2. Do the respondent's books reflect a concentrated position in commodities? If yes, report the totals
($000 omitted) in accordance with the specific instructions. If No, answer “0” for:
A. Firm trading and investment accounts ........................................................................................................................................................................

$

__________ 5602

B. Customers' and non-customers' and other accounts ..................................................................................................................................................

$

__________ 5603

Item 3. Does respondent have any planned operational changes? (Answer Yes or No based on specific instructions.) ..................................................

Yes __________ 5604
No __________ 5605

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 1

FINANCIAL AND OPERATIONAL DATA
Items on this page to be reported by a:

Stand-Alone SBSD
Broker-Dealer SBSD
Broker-Dealer MSBSP

Potential Operational Charges Not Deducted from Capital – Note B
I
No. of Items

II
Debits (Short Value)
(Report in Thousands)

III
Credits (Long Value)
(Report in Thousands)

IV
Deductions in Computing
Net Capital
(Omit Pennies)

1. Money suspense and balancing differences ....................................... ______________ 6210 $______________ 6410 $______________ 6610 $______________ 6612
2. Security suspense and differences with related money balances ...... L______________ 6220 $______________ 6420 $______________ 6620 $______________ 6622
S______________ 6225 $______________ 6425 $______________ 6625 $______________ 6627
3. Market value of short and long security suspense and differences
without related money (other than reported in Line 4, below) ............ ______________ 6230 $______________ 6430 $______________ 6630 $______________ 6632
4. Market value of security record breaks ............................................... ______________ 6240 $______________ 6440 $______________ 6640 $______________ 6642
5. Unresolved reconciling differences with others
A. Correspondents, SBSDs, and MSBSPs ........................................ L______________ 6250 $______________ 6450 $______________ 6650 $______________ 6652
S______________ 6255 $______________ 6455 $______________ 6655 $______________ 6657
B. Depositories ................................................................................... ______________ 6260 $______________ 6460 $______________ 6660 $______________ 6662
C. Clearing organizations ................................................................... L______________ 6270 $______________ 6470 $______________ 6670 $______________ 6672
S______________ 6275 $______________ 6475 $______________ 6675 $______________ 6677
D. Inter-company accounts ................................................................ ______________ 6280 $______________ 6480 $______________ 6680 $______________ 6682
E. Bank accounts and loans............................................................... ______________ 6290 $______________ 6490 $______________ 6690 $______________ 6692
F. Other .............................................................................................. ______________ 6300 $______________ 6500 $______________ 6700 $______________ 6702
G. (Offsetting) Lines 5A through 5F ................................................... ______________ 6310 $(______________) 6510 $(______________) 6710
TOTAL (Lines 5A-5G) ......................................................................... ______________ 6330 $______________ 6530 $______________ 6730 $______________ 6732
6. Commodity differences........................................................................ ______________ 6340 $______________ 6540 $______________ 6740 $______________ 6742
7. TOTAL (Lines 1-6) ............................................................................... ______________ 6370 $______________ 6570 $______________ 6770 $______________ 6772

NOTE B - This section must be completed as follows:
1. Lines 1 through 6 and Columns I through IV must be completed only if:
A. The total deductions on Line 8, Column IV, of the "Operational Deductions From Capital-Note A" schedule equal or exceed 25% of excess net capital as of the prior month
end reporting date; and
B. The total deduction on Line 8, Column IV, , of the "Operational Deductions From Capital-Note A" schedule for the current month exceeds the total deductions for the prior
month by 50% or more. If respondent has nothing to report, enter “0.”
2. Include only suspense and difference items open at the report date which were NOT required to be deducted in the computation of net capital AND which were not resolved
seven (7) business days subsequent to the report date.
3. Include in Column IV only additional deductions not comprehended in the computation of net capital at the report date.
4. Include on Lines 5A through 5F unfavorable differences offset by favorable differences at the report date if resolution of the favorable items resulted in additional deductions
in the computation of net capital subsequent to the report date.
5. Exclude from Lines 5A through 5F new reconciling differences disclosed as a result of reconciling with the books of account statements received subsequent to the report
date.
6. Lines 1 through 5 above correspond to similar lines in the “Operational Deductions From Capita-Note A” schedule and the same instructions should be followed except as
stated in Notes B-1 through B-5 above.

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 1

COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS
(See Rule 15c3-3, Exhibit A and Related Notes)
Items on this page to be reported by a:

Broker-Dealer SBSD (if subject to Rule 15c3-3)
Broker-Dealer MSBSP (if subject to Rule 15c3-3)

CREDIT BALANCES
1. Free credit balances and other credit balances in customers' security accounts (see
Note A) ...................................................................................................................................................... $ _____________________ 4340
2. Monies borrowed collateralized by securities carried for the accounts of customers (see Note B) ........ $ _____________________ 4350
3. Monies payable against customers' securities loaned (see Note C)........................................................ $ _____________________ 4360
4. Customers' securities failed to receive (see Note D)................................................................................ $ _____________________ 4370
5. Credit balances in firm accounts which are attributable to principal sales to customers ......................... $ _____________________ 4380
6. Market value of stock dividends, stock splits and similar distributions receivable outstanding
over 30 calendar days .............................................................................................................................. $ _____________________ 4390
7. **Market value of short security count differences over 30 calendar days old ........................................ $ _____________________ 4400
8. **Market value of short securities and credits (not to be offset by longs or by
debits) in all suspense accounts over 30 calendar days .......................................................................... $ _____________________ 4410
9. Market value of securities which are in transfer in excess of 40 calendar days and have not been
confirmed to be in transfer by the transfer agent or the issuer during the 40 days ................................. $ _____________________ 4420
10. Other (List: __________________________________________________________)........................ $ _____________________ 4425
11. TOTAL CREDITS (sum of Lines 1-10) ......................................................................................................................................................................... $ _____________________ 4430
DEBIT BALANCES
12. **Debit balances in customers’ cash and margin accounts, excluding unsecured accounts and
accounts doubtful of collection (see Note E) ........................................................................................... $ _____________________ 4440
13. Securities borrowed to effectuate short sales by customers and securities borrowed to make
delivery on customers' securities failed to deliver ................................................................................... $ _____________________ 4450
14. Failed to deliver of customers' securities not older than 30 calendar days............................................. $ _____________________ 4460
15. Margin required and on deposit with the Options Clearing Corporation for all option contracts
written or purchased in customer accounts (see Note F) ........................................................................ $ _____________________ 4465
16. Margin required and on deposit with a clearing agency registered with the Commission under
section 17A of the Exchange Act (15 U.S.C. 78q-1) or a derivatives clearing organization registered
with the Commodity Futures Trading Commission under section 5b of the Commodity Exchange
Act (7 U.S.C. 7a-1) related to the following types of positions written, purchased or sold in customer
accounts: (1) security futures products and (2) futures contracts (and options thereon) carried in a
securities account pursuant to an SRO portfolio margining rule (see Note G) ....................................... $ _____________________ 4467
17. Other (List: __________________________________________________________)........................ $ _____________________ 4469
18. **Aggregate debit items (sum of Lines 12-17) .............................................................................................................................................................. $ _____________________ 4470
19. **Less 3% (for alternative method only – see Rule 15c3-1(a)(1)(ii)) (3% x Line Item 4470) ....................................................................................... $ _____________________ 4471
20. **TOTAL 15c3-3 DEBITS (Line 18 less Line 19).......................................................................................................................................................... $ _____________________ 4472
RESERVE COMPUTATION
21. Excess of total debits over total credits (Line 20 less Line 11) .................................................................................................................................... $ _____________________ 4480
22. Excess of total credits over total debits (Line 11 less Line 20) .................................................................................................................................... $ _____________________ 4490
23. If computation is made monthly as permitted, enter 105% of excess of total credits over total debits ....................................................................... $ _____________________ 4500
24. Amount held on deposit in “Reserve Bank Account(s),” including $ _____________________ 4505 value of qualified securities,
at end of reporting period............................................................................................................................................................................................... $ _____________________ 4510
25. Amount of deposit (or withdrawal) including $ _____________________ 4515 value of qualified securities ........................................................... $ _____________________ 4520
26. New amount in Reserve Bank Account(s) after adding deposit or subtracting withdrawal including
$ _____________________ 4525 value of qualified securities .................................................................................................................................. $ _____________________ 4530
27. Date of deposit (MM/DD/YY) ........................................................................................................................................................................................ $ _____________________ 4540
FREQUENCY OF COMPUTATION
28. Daily ____________________ 4332 Weekly ____________________ 4333 Monthly ____________________ 4334
**

In the event the net capital requirement is computed under the alternative method, this reserve formula must be prepared in accordance with the
requirements of paragraph (a)(1)(ii) of Rule 15c3-1.

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 1

INFORMATION FOR POSSESSION OR CONTROL REQUIREMENTS UNDER RULE 15c3-3
Items on this page to be reported by a:

Broker-Dealer SBSD (if subject to Rule 15c3-3)
Broker-Dealer MSBSP (if subject to Rule 15c3-3)

State the market valuation and number of items of:
1. Customers' fully paid securities and excess margin securities not in the respondent’s possession or control as of the report date
(for which instructions to reduce to possession or control had been issued as of the report date) but for which the required action
was not taken by respondent within the time frames specified under Rule 15c3-3. Notes A and B .............................................................. $ ___________________ 4586
A. Number of items...........................................................................................................................................................................................

___________________ 4587

2. &ustomers' fully paid securities and excess margin securities for which instructions to reduce to possession or control had not
been issued as of the report date, excluding items arising from "temporary lags which result from normal business operations"
as permitted under Rule 15c3-3. Notes B, C and D ........................................................................................................................................ $ ___________________ 4588
A. Number of items..........................................................................................................................................................................................
3.

___________________ 4589

The system and procedures utilized in complying with the requirement to maintain physical possession or control of
customers' fully paid and excess margin securities have been tested and are functioning in a manner adequate to fulfill the
requirements of Rule 15c3-3 ................................................................................................................... Yes __________________ 4584 No ___________________ 4585

Notes:
A±Do not include in Line 1 customers' fully paid and excess margin securities required by Rule 15c3-3, to be in possession or control but for which no action was required by the
respondent as of the report date or required action was taken by respondent within the time frames specified under Rule 15c3-3.
B±State separately in response to Lines 1 and 2 whether the securities reported in response thereto were subsequently reduced to possession or control by the respondent.
C±Be sure to include in Line 2 only items not arising from "temporary lags which result from normal business operations" as permitted under Rule 15c3-3.
D±Line 2 must be responded to only with a report which is filed as of the date selected for the broker's or dealer's annual audit of financial statements, whether or not such date is
the end of a calendar quarter. The response to Line 2 should be filed within 60 calendar days after such date, rather than with the remainder of this report. This information
may be required on a more frequent basis by the Commission or the designated examining authority in accordance with Rule 17a-5(a)(2)(iv).

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 1

COMPUTATION FOR DETERMINATION OF PAB REQUIREMENTS
Items on this page to be reported by a:

Broker-Dealer SBSD (if subject to Rule 15c3-3)
Broker-Dealer MSBSP (if subject to Rule 15c3-3)

CREDIT BALANCES
1. Free credit balances and other credit balances in PAB security accounts (see Note A) .......................... $ _____________________ 2110
2. Monies borrowed collateralized by securities carried for the accounts of PAB (see Note B).................... $ _____________________ 2120
3. Monies payable against PAB securities loaned (see Note C) ................................................................... $ _____________________ 2130
4. PAB securities failed to receive (see Note D) ............................................................................................ $ _____________________ 2140
5. Credit balances in firm accounts which are attributable to principal sales to PAB .................................... $ _____________________ 2150
6. Market value of stock dividends, stock splits and similar distributions receivable
outstanding over 30 calendar days ............................................................................................................ $ _____________________ 2152
7. **Market value of short security count differences over 30 calendar days old .......................................... $ _____________________ 2154
8. **Market value of short securities and credits (not to be offset by longs or by debits) in all
suspense accounts over 30 calendar days ............................................................................................... $ _____________________ 2156
9. Market value of securities which are in transfer in excess of 40 calendar days and have not been
confirmed to be in transfer by the transfer agent or the issuer during the 40 days ........................................ $ _____________________ 2158
10. Other (List: __________________________________________________________) ......................... $ _____________________ 2160
11. TOTAL PAB CREDITS (sum of Lines 1-10).......................................................................................................................................................... $ _______________________ 2170
DEBIT BALANCES
12. Debit balances in PAB cash and margin accounts, excluding unsecured accounts and accounts
doubtful of collection (see Note E) ............................................................................................................. $ _____________________ 2180
13. Securities borrowed to effectuate short sales by PAB and securities borrowed to make delivery on
PAB securities failed to deliver ................................................................................................................... $ _____________________ 2190
14. Failed to deliver of PAB securities not older than 30 calendar days ........................................................ $ _____________________ 2200
15. Margin required and on deposit with Options Clearing Corporation for all option contracts
written or purchased in PAB accounts (see Note F)................................................................................. $ _____________________ 2210
16. Margin required and on deposit with a clearing agency registered with the Commission under
section 17A of the Exchange Act (15 U.S.C. 78q-1) or a derivatives clearing organization registered
with the Commodity Futures Trading Commission under section 5b of the Commodity Exchange
Act (7 U.S.C. 7a-1) related to the following types of positions written, purchased or sold in PAB
accounts: (1) security futures products and (2) futures contracts (and options thereon) carried in a
securities account pursuant to an SRO portfolio margining rule (see Note G) ........................................ $ _____________________ 2215
17. Other (List: __________________________________________________________)......................... $ _____________________ 2220
18. TOTAL PAB DEBITS (sum of Lines 12-17) .......................................................................................................................................................... $ _______________________ 2230
RESERVE COMPUTATION
19. Excess of total PAB debits over total PAB credits (Line 18 less Line 11) ............................................................................................................ $ _______________________ 2240
20. Excess of total PAB credits over total PAB debits (Line 11 less Line 18) ............................................................................................................ $ _______________________ 2250
21. Excess debits in customer reserve formula computation ..................................................................................................................................... $ _______________________ 2260
22. PAB reserve requirement (Line 20 less Line 21) .................................................................................................................................................. $ _______________________ 2270
23. Amount held on deposit in Reserve Bank Account(s) including $ _____________ 2275 value of qualified securities,
at end of reporting period ...................................................................................................................................................................................... $ _______________________ 2280
24. Amount of deposit (or withdrawal) including $ _____________ 2285 value of qualified securities ................................................................... $ _______________________ 2290
25. New amount in Reserve Bank Account(s) after adding deposit or subtracting withdrawal
including $ _____________ 2295 value of qualified securities ........................................................................................................................... $ _______________________ 2300
26. Date of deposit (MM/DD/YY) .................................................................................................................................................................................

_______________________ 2310

FREQUENCY OF COMPUTATION
27. Daily ____________________ 2315 Weekly ____________________ 2320 Monthly ____________________ 2330
*

See notes regarding PAB Reserve Bank Account Computation (Notes 1-10).

**

In the event the net capital requirement is computed under the alternative method, this reserve formula must be prepared in accordance with the requirements of paragraph
(a)(1)(ii) of Rule 15c3-1.

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 1

CLAIMING AN EXEMPTION FROM RULE 15c3-3
Items on this page to be reported by a:

Broker-Dealer SBSD (if claiming an exemption from Rule 15c3-3)
Broker-Dealer MSBSP (if claiming an exemption from Rule 15c3-3)

EXEMPTIVE PROVISION UNDER RULE 15c3-3
If an exemption from Rule 15c3-3 is claimed, identify below the section upon which such exemption is based (check one only):
A.

(k)(1) – $2,500 capital category as per Rule 15c3-3 .......................................................................................................................

____________________ 4550

B.

(k)(2)(A) – “Special Account for the Exclusive Benefit of Customers” maintained .........................................................................

____________________ 4560

C.

(k)(2)(B) – All customer transactions cleared through another broker-dealer on a fully disclosed basis

D.

Name of clearing firm: ___________________________________________________________________________ 4335

____________________4570

(k)(3) – Exempted by order of the Commission (include copy of letter) .........................................................................................

____________________ 4580

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 1

COMPUTATION FOR DETERMINATION OF THE AMOUNT TO BE MAINTAINED IN THE SPECIAL ACCOUNT
FOR THE EXCLUSIVE BENEFIT OF SECURITY-BASED SWAP CUSTOMERS – RULE 18a-4, APPENDIX A
Items on this page to be reported by a:

Stand-Alone SBSD
Broker-Dealer SBSD

CREDIT BALANCES
1. Free credit balances and other credit balances in the accounts carried for security-based
swap customers .......................................................................................................................................

$

____________________ 9999

2. Monies borrowed collateralized by securities in accounts carried for security-based
swap customers (see Note B)..................................................................................................................

$

____________________ 9999

3. Monies payable against security-based swap customers' securities loaned (see Note C) ....................

$

____________________ 9999

4. Security-based swap customers' securities failed to receive (see Note D) ............................................

$

____________________ 9999

5. Credit balances in firm accounts attributable to principal sales to security-based swap customers ......

$

____________________ 9999

6. Market value of stock dividends, stock splits and similar distributions receivable outstanding
over 30 calendar days .............................................................................................................................

$

____________________ 9999

7. **Market value of short security count differences over 30 calendar days old........................................

$

____________________ 9999

8. **Market value of short securities and credits (not to be offset by longs or by debits) in all suspense
accounts over 30 calendar days ..............................................................................................................

$

____________________ 9999

9. Market value of securities which are in transfer in excess of 40 calendar days and have not been
confirmed to be in transfer by the transfer agent or the issuer during the 40 days ................................

$

____________________ 9999

10. Other (List: __________________________________________________________) ......................

$

____________________ 9999

11. TOTAL CREDITS (sum of Lines 1-10) ................................................................................................................................................................... $ _______________________ 9999

DEBIT BALANCES
12. Debit balances in accounts carried for security-based swap customers, excluding unsecured
accounts and accounts doubtful of collection (see Note E) ...................................................................

$

____________________ 9999

13. Securities borrowed to effectuate short sales by security-based swap customers and securities
borrowed to make delivery on security-based swap customers' securities failed to deliver .................

$

____________________ 9999

14. Failed to deliver of security-based swap customers' securities not older than 30 calendar days .........

$

____________________ 9999

15. Margin required and on deposit with Options Clearing Corporation for all option contracts
written or purchased in accounts carried for security-based swap customers (see Note F) ................

$

____________________ 9999

16. Margin related to security future products written, purchased or sold in accounts carried for securitybased swap customers required and on deposit in a qualified clearing agency account at a clearing
agency registered with the Commission under section 17A of the Exchange Act (15 U.S.C. 78q-1)
or a derivative clearing organization registered with the Commodity Futures Trading Commission
under section 5b of the Commodity Exchange Act (7 U.S.C. 7a-1) (see Note G) ................................

$

____________________ 9999

17. Margin related to cleared security-based swap transactions in accounts carried for security-based
swap customers required and on deposit in a qualified clearing agency account at a clearing agency
registered with the Commission pursuant to section 17A of the Exchange Act (15 U.S.C. 78q-1) ...... $

____________________ 9999

18. Margin related to non-cleared security-based swap transactions in accounts carried for securitybased swap customers required and held in a qualified registered security-based swap dealer
account at another security-based swap dealer ....................................................................................

$

____________________ 9999

19. Other (List: __________________________________________________________)......................

$

____________________ 9999

20. **Aggregate debit items .......................................................................................................................................................................................... $ _______________________ 9999
21. **TOTAL 18a-4a DEBITS (sum of Lines 12-19) ..................................................................................................................................................... $ _______________________ 9999

RESERVE COMPUTATION
22. Excess of total debits over total credits (Line 21 less Line 11) ............................................................................................................................... $ _______________________ 9999
23. Excess of total credits over total debits (Line 11 less Line 21) ............................................................................................................................... $ _______________________ 9999
24. Amount held on deposit in "Reserve Bank Account(s)," including value of qualified securities, at end of reporting period .................................. $ _______________________ 9999
25. Amount of deposit (or withdrawal) including $ ______________ 9999 value of qualified securities .................................................................... $ _______________________ 9999
26. New amount in Reserve Bank Account(s) after adding deposit or subtracting withdrawal including
$ ______________ 9999 value of qualified securities ................................................................................................................................................ $ _______________________ 9999
27. Date of deposit (MM/DD/YY) ................................................................................................................................................................................... $ _______________________ 9999
** In the event the net capital requirement is computed under the alternative method, this reserve formula must be prepared in accordance with the requirements of paragraph (a)(1)(ii)
of Rule 15c3-1.

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 1

INFORMATION FOR POSSESSION OR CONTROL REQUIREMENTS UNDER RULE 18a-4
Items on this page to be reported by a:

Stand-Alone SBSD
Broker-Dealer SBSD

State the market valuation and number of items of:
1. Security-based swap customers' excess securities collateral not in the respondent's possession or control as of the report date (for which
instructions to reduce to possession or control had been issued as of the report date) but for which the required action
was not taken by respondent within the time frame specified under Rule 18a-4. Notes A and B ................................................................... $ ___________________ 9999
A. Number of items........................................................................................................................................................................................... ___________________ 9999
2. Security-based swap customers' excess securities collateral for which instructions to reduce possession or control had not been issued
as of the report date under Rule 18a-4. ........................................................................................................................................................... $ ___________________ 9999
A. Number of items........................................................................................................................................................................................... ___________________ 9999
3. The system and procedures utilized in complying with the requirement to maintain physical possession or control of security-based
swap customers' excess securities collateral have been tested and are functioning in a manner adequate to fulfill the
requirements of Rule 18a-4 ................................................................................................................... Yes __________________ 9999 No ___________________ 9999
Notes:
A±Do not include in Line 1 security-based swap customers' excess securities collateral required by Rule 18a-4, to be in possession or control but for which no action was required by
the respondent as of the report date or required action was taken by respondent within the time frames specified under Rule 18a-4.
B±State separately in response to Line 1 whether the securities reported in response thereto were subsequently reduced to possession or control by the respondent.

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 2

BALANCE SHEET (INFORMATION AS REPORTED ON FFIEC FORM 031 – SCHEDULE RC)
Items on this page to be reported by a:

Bank SBSD
Bank MSBSP

Assets

Totals

1. Cash and balances due from depository institutions (from FFIEC Form 031’s Schedule RC-A)
A. Noninterest-bearing balances and currency and coin ..................................................................................................................................................... $ _________________ 0081b
B. Interest-bearing balances ................................................................................................................................................................................................ $ _________________ 0071b
2. Securities
A. Held-to-maturity securities ............................................................................................................................................................................................... $ _________________ 1754b
B. Available-for-sale securities ............................................................................................................................................................................................. $ _________________ 1773b
3. Federal funds sold and securities purchased under agreements to resell
A. Federal funds sold in domestic offices............................................................................................................................................................................. $ _________________ B987b
B. Securities purchased under agreements to resell ........................................................................................................................................................... $ _________________ B989b
4. Loans and lease financing receivables (from FFIEC Form 031’s Schedule RC-C)
A. Loans and leases held for sale ........................................................................................................................................................................................ $ _________________ 5369b
B. Loans and leases, net of unearned income..................................................................................................................................................................... $ _________________ B528b
C. LESS: Allowance for loan and lease losses .................................................................................................................................................................... $ _________________ 3123b
D. Loans and leases, net of unearned income and allowance (Line 4B minus Line 4C) .................................................................................................... $ _________________ B529b
5. Trading assets (from FFIEC Form 031’s Schedule RC-D) ................................................................................................................................................... $ _________________ 3545b
6. Premises and fixed assets (including capitalized leases) ..................................................................................................................................................... $ _________________ 2145b
7. Other real estate owned (from FFIEC Form 031’s Schedule RC-M) .................................................................................................................................... $ _________________ 2150b
8. Investment in unconsolidated subsidiaries and associated companies ............................................................................................................................... $ _________________ 2130b
9. Direct and indirect investments in real estate ventures ........................................................................................................................................................ $ _________________ 3656b
10. Intangible assets
A. Goodwill ........................................................................................................................................................................................................................... $ _________________ 3163b
B. Other intangible assets (from FFIEC Form 031’s Schedule RC-M) ................................................................................................................................ $ _________________ 0426b
11. Other assets (from FFIEC Form 031’s Schedule RC-F) ...................................................................................................................................................... $ _________________ 2160b
12. Total assets (sum of Lines 1 through 11) ............................................................................................................................................................................. $ _________________ 2170b

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 2

BALANCE SHEET (INFORMATION AS REPORTED ON FFIEC FORM 031 – SCHEDULE RC)
Items on this page to be reported by a:

Bank SBSD
Bank MSBSP

Liabilities

Totals

13. Deposits
A. In domestic offices (sum of totals of Columns A and C from FFIEC Form 031’s Schedule RC-E, part I) ...................................................................... $ _________________ 2200b
1. Noninterest-bearing ..................................................................................................................................................................................................... $ _________________ 6631b
2. Interest-bearing ........................................................................................................................................................................................................... $ _________________ 6636b
B. In foreign offices, Edge and Agreement subsidiaries, and IBFs (from FFIEC Form 031’s Schedule RC-E, part II) ....................................................... $ _________________ 2200b
1. Noninterest-bearing ..................................................................................................................................................................................................... $ _________________ 6631b
2. Interest-bearing ........................................................................................................................................................................................................... $ _________________ 6636b
14. Federal funds purchased and securities sold under agreements to repurchase
A. Federal funds purchased in domestic offices................................................................................................................................................................... $ _________________ B993b
B. Securities sold under agreements to repurchase ............................................................................................................................................................ $ _________________ B995b
15. Trading liabilities ................................................................................................................................................................................................................... $ _________________ 3548b
16. Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases) (from FFIEC Form 031’s Schedule RC-M) ........... $ _________________ 3190b
17. Not applicable.
18. Not applicable.
19. Subordinated notes and debentures .................................................................................................................................................................................... $ _________________ 3200b
20. Other liabilities (from FFIEC Form 031’s Schedule RC-G) .................................................................................................................................................. $ _________________ 2930b
21. Total liabilities (sum of Lines 13 through 20)........................................................................................................................................................................ $ _________________ 2948b
22. Not applicable.

Equity Capital
23. Perpetual preferred stock and related surplus ..................................................................................................................................................................... $ _________________ 3828b
24. Common stock ...................................................................................................................................................................................................................... $ _________________ 3230b
25. Surplus (exclude all surplus related to preferred stock) ....................................................................................................................................................... $ _________________ 3839b
26A. Retained earnings ............................................................................................................................................................................................................. $ _________________ 3632b
B. Accumulated other comprehensive income ..................................................................................................................................................................... $ _________________ B530b
C. Other equity capital components ..................................................................................................................................................................................... $ _________________ A130b
27A. Total bank equity capital (sum of Lines 23 through 26.C) ................................................................................................................................................ $ _________________ 3210b
B. Non-controlling (minority) interests in consolidated subsidiaries..................................................................................................................................... $ _________________ 3000b
28. Total equity capital (sum of Lines 27A and 27B).................................................................................................................................................................. $ _________________ G105b
29. Total liabilities and equity capital (sum of Lines 21 and 28)................................................................................................................................................. $ _________________ 3300b

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 2

REGULATORY CAPITAL (INFORMATION AS REPORTED ON FFIEC FORM 031 – SCHEDULE RC-R)
Items on this page to be reported by a:

Bank SBSD
Bank MSBSP

Capital

Totals

1. Total bank equity capital (from FFIEC Form 031’s Schedule RC, Line 27A) ....................................................................................................................... $ _________________ 3210b
2. Tier 1 capital .......................................................................................................................................................................................................................... $ _________________ 8274b
3. Tier 2 capital .......................................................................................................................................................................................................................... $ _________________ 5311b
4. Tier 3 capital allocated for market risk .................................................................................................................................................................................. $ _________________ 1395b
5. Total risk-based capital.......................................................................................................................................................................................................... $ __________________ 3792b
6. Total risk-weighted assets ..................................................................................................................................................................................................... $ _________________ A223b
7. Total assets for leverage capital purposes............................................................................................................................................................................ $ _________________ L138b
Capital Ratios (Column B is to be completed by all banks. Column A is to be completed
by banks with financial subsidiaries.)

Column A

Column B

8. Tier 1 Leverage ratio ................................................................................................................................$ _________________ 7273b

$ _________________ 7204b

9. Tier 1 risk-based capital ratio ................................................................................................................... _________________ 7274b

$ _________________ 7206b

10. Total risk-based capital ratio ................................................................................................................... _________________ 7275b

$ _________________ 7205b

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 2

INCOME STATEMENT (INFORMATION AS REPORTED ON FFIEC FORM 031 – SCHEDULE RI)
Items on this page to be reported by a:

Bank SBSD
Bank MSBSP
Totals

1. Total interest income.................................................................................................................................................................................................................

$ _________________ 4107b

2. Total interest expense...............................................................................................................................................................................................................

$ _________________ 4073b

3. Total noninterest income...........................................................................................................................................................................................................

$ _________________ 4079b

4. Total noninterest expense.........................................................................................................................................................................................................

$ _________________ 4093b

5. Realized gains (losses) on held-to-maturity securities .............................................................................................................................................................

$ _________________ 3521b

6. Realized gains (losses) on available-for-sale securities...........................................................................................................................................................

$ _________________ 3196b

7. Income (loss) before income taxes and extraordinary items and other adjustments...............................................................................................................

$ _________________ 4301b

8. Net income (loss) attributable to bank ......................................................................................................................................................................................

$ _________________ 4340b

9. Trading revenue (from cash instruments and derivative instruments) (sum of Memoranda Lines 8a through 8e on FFIEC Form 031’s Schedule RI)
A. Interest rate exposures .......................................................................................................................................................................................................

$ _________________ 8757b

B. Foreign exchange exposures .............................................................................................................................................................................................

$ _________________ 8758b

C. Equity security and index exposures..................................................................................................................................................................................

$ _________________ 8759b

D. Commodity and other exposures .......................................................................................................................................................................................

$ _________________ 8760b

E. Credit exposures ................................................................................................................................................................................................................

$ _________________ F186b

Lines 9F and 9G are to be completed by banks with $100 billion or more in total assets that are required to complete lines 9A through 9E above.
F. Impact on trading revenue of changes in the creditworthiness of the bank’s derivative counterparties on the bank’s derivative assets) (included on
Lines 8a through 8e on FFIEC Form 031’s Schedule RI) .................................................................................................................................................

$ _________________ K090b

G. Impact on trading revenue of changes in the creditworthiness of the bank on the bank’s derivative liabilities (included in Lines 8a through 8e on
FFIEC Form 031’s Schedule RI) ........................................................................................................................................................................................

$ _________________ K094b

10. Net gains (losses) recognized in earnings on credit derivatives that economically hedge credit exposures held outside the trading account
A. Net gains (losses) on credit derivatives held for trading ....................................................................................................................................................

$ _________________ C889b

B. Net gains (losses) on credit derivatives held for purposes other than trading ...................................................................................................................

$ _________________ C890b

11. Credit losses on derivatives ....................................................................................................................................................................................................

$ _________________ A251b

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 2

COMPUTATION FOR DETERMINATION OF THE AMOUNT TO BE MAINTAINED IN THE SPECIAL ACCOUNT
FOR THE EXCLUSIVE BENEFIT OF SECURITY-BASED SWAP CUSTOMERS – RULE 18a-4, APPENDIX A
Items on this page to be reported by a:

Bank SBSD

CREDIT BALANCES
1. Free credit balances and other credit balances in the accounts carried for security-based
swap customers .......................................................................................................................................

$

____________________ 9999

2. Monies borrowed collateralized by securities in accounts carried for security-based
swap customers (see Note B)..................................................................................................................

$

____________________ 9999

3. Monies payable against security-based swap customers' securities loaned (see Note C) ....................

$

____________________ 9999

4. Security-based swap customers' securities failed to receive (see Note D) ............................................

$

____________________ 9999

5. Credit balances in firm accounts attributable to principal sales to security-based swap customers ......

$

____________________ 9999

6. Market value of stock dividends, stock splits and similar distributions receivable outstanding
over 30 calendar days .............................................................................................................................

$

____________________ 9999

7. Market value of short security count differences over 30 calendar days old ..........................................

$

____________________ 9999

8. Market value of short securities and credits (not to be offset by longs or by debits) in all suspense
accounts over 30 calendar days ..............................................................................................................

$

____________________ 9999

9. Market value of securities which are in transfer in excess of 40 calendar days and have not been
confirmed to be in transfer by the transfer agent or the issuer during the 40 days ................................

$

____________________ 9999

10. Other (List: __________________________________________________________) ......................

$

____________________ 9999

11. TOTAL CREDITS .................................................................................................................................................................................................... $ _______________________ 9999

DEBIT BALANCES
12. Debit balances in accounts carried for security-based swap customers, excluding unsecured
accounts and accounts doubtful of collection (see Note E) ...................................................................

$

____________________ 9999

13. Securities borrowed to effectuate short sales by security-based swap customers and securities
borrowed to make delivery on security-based swap customers' securities failed to deliver .................

$

____________________ 9999

14. Failed to deliver of security-based swap customers' securities not older than 30 calendar days .........

$

____________________ 9999

15. Margin required and on deposit with Options Clearing Corporation for all option contracts
written or purchased in accounts carried for security-based swap customers (see Note F) ................

$

____________________ 9999

16. Margin related to security future products written, purchased or sold in accounts carried for securitybased swap customers required and on deposit in a qualified clearing agency account at a clearing
agency registered with the Commission under section 17A of the Exchange Act (15 U.S.C. 78q-1)
or a derivative clearing organization registered with the Commodity Futures Trading Commission
under section 5b of the Commodity Exchange Act (7 U.S.C. 7a-1) (see Note G) ................................

$

____________________ 9999

17. Margin related to cleared security-based swap transactions in accounts carried for security-based
swap customers required and on deposit in a qualified clearing agency account at a clearing agency
registered with the Commission pursuant to section 17A of the Exchange Act (15 U.S.C. 78q-1) ...... $

____________________ 9999

18. Margin related to non-cleared security-based swap transactions in accounts carried for securitybased swap customers required and held in a qualified registered security-based swap dealer
account at another security-based swap dealer ....................................................................................

$

____________________ 9999

19. Other (List: __________________________________________________________)......................

$

____________________ 9999

20. TOTAL 18a-4a DEBITS .......................................................................................................................................................................................... $ _______________________ 9999

RESERVE COMPUTATION
21. Excess of total debits over total credits (Line 21 less Line 11) ............................................................................................................................... $ _______________________ 9999
22. Excess of total credits over total debits (Line 11 less Line 21) ............................................................................................................................... $ _______________________ 9999
23. Amount held on deposit in "Reserve Bank Account(s)," including value of qualified securities, at end of reporting period .................................. $ _______________________ 9999
24. Amount of deposit (or withdrawal) including $ ______________ 9999 value of qualified securities .................................................................... $ _______________________ 9999
25. New amount in Reserve Bank Account(s) after adding deposit or subtracting withdrawal including
$ ______________ 9999 value of qualified securities ................................................................................................................................................ $ _______________________ 9999
27. Date of deposit (MM/DD/YY) ................................................................................................................................................................................... $ _______________________ 9999

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 2

INFORMATION FOR POSSESSION OR CONTROL REQUIREMENTS UNDER RULE 18a-4
Items on this page to be reported by a:

Bank SBSD

State the market valuation and number of items of:
1. Security-based swap customers' excess securities collateral not in the respondent's possession or control as of the report date (for which
instructions to reduce to possession or control had been issued as of the report date) but for which the required action
was not taken by respondent within the time frame specified under Rule 18a-4. Notes A and B ................................................................... $ ___________________ 9999
A. Number of items...........................................................................................................................................................................................

___________________ 9999

2. Security-based swap customers' excess securities collateral for which instructions to reduce possession or control had not been issued
as of the report date under Rule 18a-4. ........................................................................................................................................................... $ ___________________ 9999
A. Number of items........................................................................................................................................................................................... ___________________ 9999
3. The system and procedures utilized in complying with the requirement to maintain physical possession or control of security-based
swap customers' excess securities collateral have been tested and are functioning in a manner adequate to fulfill the
requirements of Rule 18a-4 ................................................................................................................... Yes __________________ 9999 No ___________________ 9999
Notes:
A±Do not include in Line 1 security-based swap customers' excess securities collateral required by Rule 18a-4, to be in possession or control but for which no action was required
by the respondent as of the report date or required action was taken by respondent within the time frames specified under Rule 18a-4.
B±State separately in response to Line 1 whether the securities reported in response thereto were subsequently reduced to possession or control by the respondent.

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 3

COMPUTATION OF CFTC MINIMUM CAPITAL REQUIREMENTS
Items on this page to be reported by:

A Futures Commission Merchant

NET CAPITAL REQUIRED
A. Risk-based requirement
i. Amount of customer risk
Maintenance margin .................................................................. $ ________________________ 7415
ii. Enter 8% of Line A.i................................................................................................................................. $ ________________________ 7425
iii. Amount of non-customer risk
Maintenance margin .................................................................. $ ________________________ 7435
iv. Enter 8% of Line A.iii .............................................................................................................................. $ ________________________ 7445
v. Enter the sum of Lines A.ii and A.iv. ....................................................................................................... $ ________________________ 7455
B. Minimum dollar amount requirement ........................................................................................................... $ ________________________ 7465
C. Other NFA requirement................................................................................................................................ $ ________________________ 7475
D. Minimum CFTC net capital requirement
Enter the greatest of Lines A.v, B, or C ...................................................................................................................................................................... $ ________________________ 7490

Note:

If amount on Line D is greater than the minimum net capital requirement computed on Item 3760, then enter this greater amount on Item 3760. The greater of the amount
required by the SEC or CFTC is the minimum net capital requirement.

CFTC early warning level – enter the greatest of 110% of Line A.v. or 150% of Line B or 150% of Line C or $375,000 .............................................. $ ________________________ 7495

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 3

STATEMENT OF SEGREGATION REQUIREMENTS AND FUNDS IN SEGREGATION
FOR CUSTOMERS TRADING ON U.S. COMMODITY EXCHANGES
Items on this page to be reported by a:

A Futures Commission Merchant

SEGREGATION REQUIREMENTS
1. Net ledger balance
A. Cash .........................................................................................................................................................................................................

$

_______________________ 7010

B. Securities (at market) ...............................................................................................................................................................................

$

_______________________ 7020

2. Net unrealized profit (loss) in open futures contracts traded on a contract market ........................................................................................

$

_______________________ 7030

A. Add: Market value of open option contracts purchased on a contract market ........................................................................................

$

_______________________ 7032

B. Deduct: Market value of open option contracts granted (sold) on a contract market..............................................................................

$ ( _______________________ ) 7033

3. Exchange traded options

4. Net equity (deficit) (total of Lines 1, 2 and 3) ...................................................................................................................................................

$

_______________________ 7040

Less: amount offset by customer owned securities ......................................................................... $(________________________) 7047

$

_______________________ 7050

6. Amount required to be segregated (add Lines 4 and 5) ..................................................................................................................................

$

_______________________ 7060

A. Cash .........................................................................................................................................................................................................

$

_______________________ 7070

B. Securities representing investments of customers' funds (at market).....................................................................................................

$

_______________________ 7080

C. Securities held for particular customers or option customers in lieu of cash (at market) .......................................................................

$

_______________________ 7090

A. Cash .........................................................................................................................................................................................................

$

_______________________ 7100

B. Securities representing investments of customers' funds (at market).....................................................................................................

$

_______________________ 7110

C. Securities held for particular customers or option customers in lieu of cash (at market) .......................................................................

$

_______________________ 7120

9. Net settlement from (to) derivative clearing organizations of contract markets ..............................................................................................

$

_______________________ 7130

A. Value of open long option contracts ........................................................................................................................................................

$

_______________________ 7132

B. Value of open short option contracts .......................................................................................................................................................

$ ( _______________________ ) 7133

5. Accounts liquidating to a deficit and accounts with debit balances±gross amount ...................... $ ________________________ 7045

FUNDS IN SEGREGATED ACCOUNTS
7. Deposited in segregated funds bank accounts

8. Margin on deposit with derivative clearing organizations of contract markets

10. Exchange traded options

11. Net equities with other FCMs
A. Net liquidating equity ................................................................................................................................................................................

$

_______________________ 7140

B. Securities representing investments of customers’ funds (at market).....................................................................................................

$

_______________________ 7160

C. Securities held for particular customers or option customers in lieu of cash (at market) .......................................................................

$

_______________________ 7170

12. Segregated funds on hand (describe: ______________________________________________________________________).............

$

_______________________ 7150

13. Total amount in segregation (add Lines 7 through 12) ...................................................................................................................................

$

_______________________ 7180

14. Excess (deficiency) funds in segregation (subtract Line 6 from Line 13) .......................................................................................................

$

_______________________ 7190

15. Management target amount for excess funds in segregation .........................................................................................................................

$

_______________________ 9999

16. Excess (deficiency) funds in segregation over management target amount excess......................................................................................

$

_______________________ 9999

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 3

STATEMENT OF CLEARED SWAPS CUSTOMER SEGREGATION REQUIREMENTS AND FUNDS IN CLEARED SWAPS CUSTOMER
ACCOUNTS UNDER SECTION 4D(F) OF THE COMMODITY EXCHANGE ACT
Items on this page to be Reported by:

A Futures Commission Merchant

CLEARED SWAPS CUSTOMER REQUIREMENTS
1. Net ledger balance
A. Cash ................................................................................................................................................................................................................. $ _____________________ 8500
B. Securities (at market) ....................................................................................................................................................................................... $ _____________________ 8510
2. Net unrealized profit (loss) in open cleared swaps.................................................................................................................................................. $ _____________________ 8520
3. Cleared swaps options
A. Market value of open cleared swaps option contracts purchased .................................................................................................................. $ _____________________ 8530
B. Market value of open cleared swaps option contracts granted (sold) ............................................................................................................. $ ( ____________________ ) 8540
4. Net equity (deficit) (add Lines 1, 2, and 3)............................................................................................................................................................... $ _____________________ 8550
5. Accounts liquidating to a deficit and accounts with debit balances – gross amount.............................. $________________________ 8560
Less: amount offset by customer owned securities................................................................................ $(_______________________) 8570

$ _____________________ 8580

6. Amount required to be segregated for cleared swaps customers (add Lines 4 and 5) .......................................................................................... $ _____________________ 8590
FUNDS IN CLEARED SWAPS CUSTOMER SEGREGATED ACCOUNTS
7. Deposited in cleared swaps customer segregated accounts at banks
A. Cash ................................................................................................................................................................................................................. $ _____________________ 8600
B. Securities representing investments of cleared swaps customers’ funds (at market) .................................................................................... $ _____________________ 8610
C. Securities held for particular cleared swaps customers in lieu of cash (at market) ........................................................................................ $ _____________________ 8620
8. Margins on deposit with derivatives clearing organizations in cleared swaps customer segregated accounts
A. Cash ................................................................................................................................................................................................................. $ _____________________ 8630
B. Securities representing investments of cleared swaps customers' funds (at market) .................................................................................... $ _____________________ 8640
C. Securities held for particular cleared swaps customers in lieu of cash (at market) ........................................................................................ $ _____________________ 8650
9. Net settlement from (to) derivatives clearing organizations .................................................................................................................................... $ _____________________ 8660
10. Cleared swaps options
A. Value of open cleared swaps long option contracts ........................................................................................................................................ $ _____________________ 8670
B. Value of open cleared swaps short option contracts ....................................................................................................................................... $ ( ____________________ ) 8680
11. Net equities with other FCMs
A. Net liquidating equity ........................................................................................................................................................................................ $ _____________________ 8690
B. Securities representing investments of cleared swaps customers’ funds (at market) ..................................................................................... $ _____________________ 8700
C. Securities held for particular cleared swaps customers in lieu of cash (at market)......................................................................................... $ _____________________ 8710
12. Cleared swaps customer funds on hand (describe: _____________________________________________________________________).. $ _____________________ 8715
13. Total amount in cleared swaps customer segregation (add Lines 7 through 12) ................................................................................................... $ _____________________ 8720
14. Excess (deficiency) funds in cleared swaps customer segregation (subtract Line 6 from Line 13) ...................................................................... $ _____________________ 8730
15. Management target amount for excess funds in cleared swaps segregated accounts.......................................................................................... $ _____________________ 9999
16. Excess (deficiency) funds in cleared swaps customer segregated accounts over (under) management target excess ....................................... $ _____________________ 9999

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 3

STATEMENT OF SEGREGATION REQUIREMENTS AND FUNDS IN SEGREGATION
FOR CUSTOMERS’ DEALER OPTIONS ACCOUNTS
Items on this page to be reported by a:

A Futures Commission Merchant

1. Amount required to be segregated in accordance with 17 C.F.R. § 32.6 ...............................................................................................................

$

____________________ 7200

C. Total funds/property in segregated accounts ...................................................................................................................................................

$

____________________ 7230

3. Excess (deficiency) funds in segregation (subtract Line 2C from Line 1)...............................................................................................................

$

____________________ 7240

2. Funds/property in segregated accounts
A Cash .............................................................................................................................................

$

______________________ 7210

B. Securities (at market value) ........................................................................................................

$

______________________ 7220

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 3

STATEMENT OF SECURED AMOUNTS AND FUNDS HELD IN SEPARATE ACCOUNTS
FOR FOREIGN FUTURES AND FOREIGN OPTIONS CUSTOMERS PURSUANT TO CFTC REGULATION 30.7
Items on this page to be reported by a:

A Futures Commission Merchant

FOREIGN FUTURES AND FOREIGN OPTIONS SECURED AMOUNTS
________________________ 9999

Amount required to be set aside pursuant to law, rule, or regulation of a foreign government or a rule
of a self-regulatory organization authorized thereunder

1. Net ledger balance – Foreign futures and foreign options trading – All customers
A. Cash ................................................................................................................................................................................................................

$

_____________________ 9999

B. Securities (at market) ......................................................................................................................................................................................

$

_____________________ 9999

2. Net unrealized profit (loss) in open futures contracts traded on a foreign board of trade ...................................................................................

$

_____________________ 9999

3. Exchange traded options ......................................................................................................................................................................................

$

_____________________ 9999

A. Market value of open option contracts purchased on a foreign board of trade ..............................................................................................

$

_____________________ 9999

B. Market value of open option contracts granted (sold) on a foreign board of trade ........................................................................................

$

_____________________ 9999

4. Net equity (deficit) (add Lines 1, 2, and 3) ...........................................................................................................................................................

$

_____________________ 9999

5. Accounts liquidating to a deficit and accounts with debit balances – gross amount ...............................

$____________________ 9999

Less: Amount offset by customer owned securities................................................................................

$____________________ 9999

$ _____________________ 9999

6. Amount required to be set aside as the secured amount – Net liquidating equity method (add Lines 4 and 5) .................................................

$

_____________________ 9999

7. Greater of amount required to be set aside pursuant to foreign jurisdiction (above) or Line 6 ...........................................................................

$

_____________________ 9999

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 3

STATEMENT OF SECURED AMOUNTS AND FUNDS HELD IN SEPARATE ACCOUNTS
FOR FOREIGN FUTURES AND FOREIGN OPTIONS CUSTOMERS PURSUANT TO CFTC REGULATION 30.7
Items on this page to be reported by:

A Futures Commission Merchant

FUNDS DEPOSITED IN SEPARATE 17 C.F.R. § 30.7 ACCOUNTS
1. Cash in banks
A. Banks located in the United States ................................................... $ ________________________ 7500
B. Other banks qualified under 17 C.F.R. § 30.7
Name(s):

____________________________________ 7510

$ ________________________ 7520

$ _______________________ 7530

2. Securities
A. In safekeeping with banks located in the United States.................... $ ________________________ 7540
B. In safekeeping with other banks designated by 17 C.F.R. § 30.7
Name(s):

____________________________________ 7550

$ ________________________ 7560

$ _______________________ 7570

3. Equities with registered futures commission merchants
A. Cash ................................................................................................... $ ________________________ 7580
B. Securities ........................................................................................... $ ________________________ 7590
C. Unrealized gain (loss) on open futures contracts.............................. $ ________________________ 7600
D. Value of long option contracts ........................................................... $ ________________________ 7610
E. Value of short option contracts .......................................................... $ (_______________________) 7615

$ _______________________ 7620

4. Amounts held by clearing organizations of foreign boards of trade
Name(s):

____________________________________ 7630

A. Cash ................................................................................................... $ ________________________ 7640
B. Securities ........................................................................................... $ ________________________ 7650
C. Amount due to (from) clearing organizations - daily variation........... $ ________________________ 7660
D. Value of long option contracts ........................................................... $ ________________________ 7670
E. Value of short option contracts .......................................................... $ (_______________________) 7675

$ _______________________ 7680

5. Amounts held by members of foreign boards of trade
Name(s):

____________________________________ 7690

A. Cash ................................................................................................... $ ________________________ 7700
B. Securities ........................................................................................... $ ________________________ 7710
C. Unrealized gain (loss) on open futures contracts.............................. $ ________________________ 7720
D. Value of long option contracts ........................................................... $ ________________________ 7730
E. Value of short option contracts .......................................................... $ (_______________________) 7735

$ _______________________ 7740

6. Amounts with other depositories designated by a foreign board of trade
Name(s):

____________________________________ 7750

$ _______________________ 7760

7. Segregated funds on hand (describe: ________________________) ...

$ _______________________ 7765

8. Total funds in separate 17 C.F.R. § 30.7 accounts (Item 7370)..............

$ _______________________ 7770

9. Excess (deficiency) set aside funds for secured amount
(Line Item 7770 minus Line 7 of immediately preceding page) ...............

$ _______________________ 9999

10.Management target amount for excess funds in separate
17 C.F.R. § 30.7 accounts ........................................................................

$ _______________________ 9999

11.Excess (deficiency) funds in separate 17 C.F.R. § 30.7 accounts
over (under) management target excess .................................................

$ _______________________ 9999

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 4

SCHEDULE 1 – AGGREGATE SECURITIES, COMMODITIES, AND SWAPS POSITIONS
Items on this page to be Reported by:

Stand-Alone SBSD
Broker-Dealer SBSD
Stand-Alone MSBSP
Broker-Dealer MSBSP

Aggregate Securities, Commodities, Swaps Positions

LONG

SHORT

1. U.S. treasury securities ............................................................................................

$ _______________________ 8200

$ ________________________ 8201

2. U.S. government agency and U.S. government-sponsored enterprises.................

$ _______________________ 8210

$ ________________________ 8211

A. Mortgage-backed securities issued by U.S. government agency and U.S. governmentsponsored enterprises ...................................................................................... $ _______________________ 9999

$ ________________________ 9999

B. Debt securities issued by U.S. government agency and U.S.
government-sponsored enterprises .................................................................

$ _______________________ 9999

$ ________________________ 9999

3. Securities issued by states and political subdivisions in the U.S ............................

$ _______________________ 8220

$ ________________________ 8221

A. Debt securities ...................................................................................................

$ _______________________ 8230

$ ________________________ 8231

B. Equity securities ................................................................................................

$ _______________________ 8235

$ ________________________ 8236

5. Money market instruments.......................................................................................

$ _______________________ 8240

$ ________________________ 8241

6. Private label mortgage backed securities................................................................

$ _______________________ 8250

$ ________________________ 8251

7. Other asset-backed securities .................................................................................

$ _______________________ 8260

$ ________________________ 8261

8. Corporate obligations ................................................................................................

$ _______________________ 8270

$ ________________________ 8271

9. Stocks and warrants (other than arbitrage positions)...............................................

$ _______________________ 8280

$ ________________________ 8281

10. Arbitrage ..................................................................................................................

$ _______________________ 8290

$ ________________________ 8291

11. Spot commodities ...................................................................................................

$ _______________________ 8330

$ ________________________ 8331

1. Cleared........................................................................................................

$ _______________________ 9999

$ ________________________ 9999

2. Non-cleared ................................................................................................

$ _______________________ 9999

$ ________________________ 9999

1. Cleared........................................................................................................

$ _______________________ 9999

$ ________________________ 9999

2. Non-cleared ................................................................................................

$ _______________________ 9999

$ ________________________ 9999

1. Cleared........................................................................................................

$ _______________________ 9999

$ ________________________ 9999

2. Non-cleared ................................................................................................

$ _______________________ 9999

$ ________________________ 9999

1. Cleared........................................................................................................

$ _______________________ 9999

$ ________________________ 9999

2. Non-cleared ................................................................................................

$ _______________________ 9999

$ ________________________ 9999

A. Cleared ..............................................................................................................

$ _______________________ 9999

$ ________________________ 9999

B. Non-cleared .......................................................................................................

$ _______________________ 9999

$ ________________________ 9999

4. Foreign securities

12. Security-based swaps
A. Debt security-based swaps (other than credit default swaps)

B. Equity security-based swaps

C. Credit default security-based swaps

D. Other security-based swaps

13. Mixed swaps

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 4

SCHEDULE 1 – AGGREGATE SECURITIES, COMMODITIES, AND SWAPS POSITIONS
Items on this page to be Reported by:

Stand-Alone SBSD
Broker-Dealer SBSD
Stand-Alone MSBSP
Broker-Dealer MSBSP
LONG

SHORT

14. Swaps
A. Interest rate swaps
1. Cleared........................................................................................................

$ _______________________ 9999

$ ________________________ 9999

2. Non-cleared ................................................................................................

$ _______________________ 9999

$ ________________________ 9999

1. Cleared........................................................................................................

$ _______________________ 9999

$ ________________________ 9999

2. Non-cleared ................................................................................................

$ _______________________ 9999

$ ________________________ 9999

1. Cleared........................................................................................................

$ _______________________ 9999

$ ________________________ 9999

2. Non-cleared ................................................................................................

$ _______________________ 9999

$ ________________________ 9999

1. Cleared........................................................................................................

$ _______________________ 9999

$ ________________________ 9999

2. Non-cleared ................................................................................................

$ _______________________ 9999

$ ________________________ 9999

1. Cleared........................................................................................................

$ _______________________ 9999

$ ________________________ 9999

2. Non-cleared ................................................................................................

$ _______________________ 9999

$ ________________________ 9999

1. Cleared........................................................................................................

$ _______________________ 9999

$ ________________________ 9999

2. Non-cleared ................................................................................................

$ _______________________ 9999

$ ________________________ 9999

1. Cleared........................................................................................................

$ _______________________ 9999

$ ________________________ 9999

2. Non-cleared ................................................................................................

$ _______________________ 9999

$ ________________________ 9999

15. Other derivatives and options .................................................................................

$ _______________________ 8295

$ ________________________ 8296

A. Equity .................................................................................................................

$ _______________________ 8340

$ ________________________ 8341

B. Debt ...................................................................................................................

$ _______________________ 8345

$ ________________________ 8346

C. Other (include limited partnership interests) .....................................................

$ _______________________ 8350

$ ________________________ 8351

17. Other securities and commodities ..........................................................................

$ _______________________ 8360

$ ________________________ 8361

18. Total (sum of Lines 1-17) ........................................................................................

$ _______________________ 8370

$ ________________________ 8371

B. Foreign exchange swaps

C. Commodity swaps

D. Debt index swaps (other than credit default swaps)

E. Equity index swaps

F. Credit default swaps

G. Other swaps

16. Securities with no ready market

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 4
I.

SCHEDULE 2 – CREDIT CONCENTRATION REPORT FOR FIFTEEN LARGEST EXPOSURES IN DERIVATIVES
Items on this page to be Reported by:

Stand-Alone SBSD
Broker-Dealer SBSD
Stand-Alone MSBSP
Broker-Dealer MSBSP

By Current Net Exposure

Counterparty Identifier

Gross Replacement Value
Receivable
Payable
(Gross Gain)
(Gross Loss)

Internal Credit
Rating

Net Replacement
Value

Current Net
Exposure

Total Exposure

Margin Collected

1.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

2.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

3.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

4.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

5.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

6.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

7.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

8.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

9.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

10.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

11.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

12.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

13.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

14.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

15.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999 $

9999 $

9999 $

9999

$

7810 $

7811 $

7812 $

7813 $

7814 $

9999

All other
counterparties

II.

N/A

Totals:
By Total Exposure

Counterparty Identifier

Gross Replacement Value
Receivable
Payable
(Gross Gain)
(Gross Loss)

Internal Credit
Rating

Net Replacement
Value

Current Net
Exposure

Total Exposure

Margin Collected

1.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

2.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

3.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

4.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

5.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

6.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

7.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

8.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

9.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

10.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

11.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

12.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

13.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

14.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

15.

9999

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999 $

9999 $

9999 $

9999

$

7810 $

7811 $

7812 $

7813 $

7814 $

9999

All other
counterparties

N/A
Totals:

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 4

SCHEDULE 3 – PORTFOLIO SUMMARY OF DERIVATIVES EXPOSURES BY INTERNAL CREDIT RATING
Items on this page to be Reported by:

Stand-Alone SBSD
Broker-Dealer SBSD
Stand-Alone MSBSP
Broker-Dealer MSBSP

Gross Replacement Value

Net Replacement
Value

Internal Credit Rating

Receivable

Payable

Current Net Exposure

Total Exposure

Margin Collected

1.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

2.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

3.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

4.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

5.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

6.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

7.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

8.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

9.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

10.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

11.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

12.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

13.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

14.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

15.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

16.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

17.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

18.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

19.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

20.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

21.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

22.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

23.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

24.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

25.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

26.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

27.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

28.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

29.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

30.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

31.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

32.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

33.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

34.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

35.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

36.

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

Unrated

9999 $

9999 $

9999 $

9999

$

9999 $

9999 $

9999

$

7822 $

7823 $

7821

$

7820 $

9999 $

9999

Totals:

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 4

I.

SCHEDULE 4 – GEOGRAPHIC DISTRIBUTION OF DERIVATIVES EXPOSURES FOR TEN LARGEST COUNTRIES
Items on this page to be Reported by:

By Current Net Exposure
Gross Replacement Value
Country
Receivable
Payable

Stand-Alone SBSD
Broker-Dealer SBSD
Stand-Alone MSBSP
Broker-Dealer MSBSP

Net Replacement Value

Current Net Exposure

Total Exposure

Margin Collected

1.

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

2.

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

3.

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

4.

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

5.

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

6.

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

7.

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

8.

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

9.

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

10.

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

$

7803 $

7804 $

7802 $

9999 $

7801 $

9999

Totals:
II.
Country

By Total Exposure
Gross Replacement Value
Receivable
Payable

Net Replacement Value

Current Net Exposure

Total Exposure

Margin Collected

1.

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

2.

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

3.

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

4.

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

5.

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

6.

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

7.

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

8.

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

9.

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

10.

9999 $

9999 $

9999 $

9999 $

9999 $

9999 $

9999

$

7803 $

7804 $

7802 $

9999 $

7801 $

9999

Totals:

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 5

SCHEDULE 1 – AGGREGATE SECURITY-BASED SWAP AND SWAP POSITIONS
Items to be Reported by: Bank SBSDs
Bank MSBSPs

Aggregate Positions

LONG

SHORT

1. Security-based swaps
A. Debt security-based swaps (other than credit default swaps)
1. Cleared........................................................................................................

$ _______________________ 9999

$ ________________________ 9999

2. Non-cleared ................................................................................................

$ _______________________ 9999

$ ________________________ 9999

1. Cleared........................................................................................................

$ _______________________ 9999

$ ________________________ 9999

2. Non-cleared ................................................................................................

$ _______________________ 9999

$ ________________________ 9999

1. Cleared........................................................................................................

$ _______________________ 9999

$ ________________________ 9999

2. Non-cleared ................................................................................................

$ _______________________ 9999

$ ________________________ 9999

1. Cleared........................................................................................................

$ _______________________ 9999

$ ________________________ 9999

2. Non-cleared ................................................................................................

$ _______________________ 9999

$ ________________________ 9999

A. Cleared ..............................................................................................................

$ _______________________ 9999

$ ________________________ 9999

B. Non-cleared .......................................................................................................

$ _______________________ 9999

$ ________________________ 9999

1. Cleared........................................................................................................

$ _______________________ 9999

$ ________________________ 9999

2. Non-cleared ................................................................................................

$ _______________________ 9999

$ ________________________ 9999

1. Cleared........................................................................................................

$ _______________________ 9999

$ ________________________ 9999

2. Non-cleared ................................................................................................

$ _______________________ 9999

$ ________________________ 9999

1. Cleared........................................................................................................

$ _______________________ 9999

$ ________________________ 9999

2. Non-cleared ................................................................................................

$ _______________________ 9999

$ ________________________ 9999

1. Cleared........................................................................................................

$ _______________________ 9999

$ ________________________ 9999

2. Non-cleared ................................................................................................

$ _______________________ 9999

$ ________________________ 9999

1. Cleared........................................................................................................

$ _______________________ 9999

$ ________________________ 9999

2. Non-cleared ................................................................................................

$ _______________________ 9999

$ ________________________ 9999

1. Cleared........................................................................................................

$ _______________________ 9999

$ ________________________ 9999

2. Non-cleared ................................................................................................

$ _______________________ 9999

$ ________________________ 9999

B. Equity security-based swaps

C. Credit default security-based swaps

D. Other security-based swaps

2. Mixed swaps

3. Swaps
A. Interest rate swaps

B. Foreign exchange swaps

C. Commodity swaps

D. Debt index swaps (other than credit default swaps)

E. Equity index swaps

F. Credit default swaps

Name of Firm: _____________________________________
As of: ____________________________________________



FOCUS
Report
FORM SBS
Part 5

SCHEDULE 1 – AGGREGATE SECURITY-BASED SWAP AND SWAP POSITIONS
Items to be Reported by: Bank SBSDs
Bank MSBSPs

G. Other swaps
1. Cleared........................................................................................................

$ _______________________ 9999

$ ________________________ 9999

2. Non-cleared ................................................................................................

$ _______________________ 9999

$ ________________________ 9999

4. Other derivatives .......................................................................................................

$ _______________________ 9999

$ ________________________ 9999

5. Total (sum of Lines 1-4) ............................................................................................

$ _______________________ 9999

$ ________________________ 9999

Name of Firm: _____________________________________
As of: ____________________________________________



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__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FOCUS REPORT FORM SBS INSTRUCTIONS
GENERAL INSTRUCTIONS
Who Must File
Filing Requirements
Consolidated Reporting
Currency
Rounding
U.S. Generally Accepted Accounting Principles
Definitions
SPECIFIC INSTRUCTIONS
COVER PAGE
Part 1
Statement of Financial Condition
Computation of Net Capital (Filer Authorized to Use Models)
Computation of Net Capital (Filer Not Authorized to Use Models)
Computation of Minimum Regulatory Capital Requirements (Broker-Dealer)
Computation of Minimum Regulatory Capital Requirements (Non-Broker-Dealer)
Computation of Tangible Net Worth
Statement of Income (Loss)
Capital Withdrawals
Capital Withdrawals – Recap
Financial and Operational Data
Computation for Determination of Reserve Requirements – Rule 15c3-3, Exhibit A and Related Notes
Information for Possession or Control Requirements under Rule 15c3-3
Computation for Determination of PAB Requirements
Computation for Determination of the Amount to be Maintained in the Special Account for the Exclusive Benefit
of Security-Based Swap Customers – Rule 18a-4, Appendix A
Information for Possession or Control Requirements under Rule 18a-4
Part 2
Balance Sheet (Information as Reported on FFIEC Form 031 – Schedule RC)
Regulatory Capital (Information as Reported on FFIEC Form 031 – Schedule RC-R)
Income Statement (Information as Reported on FFIEC Form 031 – Schedule RI)
Computation for Determination of the Amount to be Maintained in the Special Account for the Exclusive Benefit
of Security-Based Swap Customers – Rule 18a-4, Appendix A
Information for Possession or Control Requirements under Rule 18a-4
Part 3
Computation of CFTC Minimum Capital Requirements
Statement of Segregation Requirements and Funds in Segregation for Customers Trading on U.S. Commodity
Exchanges
Statement of Cleared Swaps Customer Segregation Requirements and Funds in Cleared Swaps Customer
Accounts under Section 4d(f) of the Commodity Exchange Act
Statement of Segregation Requirements and Funds in Segregation for Customers’ Dealer Options Accounts
Statement of Secured Amounts and Funds Held in Separate Accounts for Foreign Futures and Foreign Options
Customers Pursuant to CFTC Regulation 30.7



Part 4
Schedule 1 – Aggregate Securities, Commodities, and Swaps Positions
Schedule 2 – Credit Concentration Report for Fifteen Largest Exposures in Derivatives
Schedule 3 – Portfolio Summary of Derivatives Exposures by Internal Credit Rating
Schedule 4 – Geographic Distribution of Derivatives Exposures for Ten Largest Countries
Part 5
Schedule 1 – Aggregate Security-Based Swap and Swap Positions



GENERAL INSTRUCTIONS
FOCUS Report Form SBS (“Form SBS”) constitutes the basic report required of those firms registered with the
Securities and Exchange Commission (“Commission”) as security-based swap dealers (“SBSDs”) or major securitybased swap participants (“MSBSPs”). The instructions issued from time-to-time must be used in preparing Form
SBS and are considered an integral part of this report.
Who Must File
An SBSD or MSBSP must file Form SBS. The Form consists of five Parts, which apply to an SBSD or MSBSP
based on the firm’s registration status: (1) an SBSD or MSBSP that is not also registered as a broker-dealer or bank
(respectively, a “stand-alone SBSD” or “stand-alone MSBSP”); (2) an SBSD or MSBSP that also is registered as a
broker-dealer (respectively, a “broker-dealer SBSD” or “broker-dealer MSBSP”); (3) an SBSD or MSBSP supervised
by a prudential regulator (respectively, a “bank SBSD” or “bank MSBSP”); or (4) any of the above if the SBSD or
MSBSP also is registered as a futures commission merchant (“FCM”). An SBSD or MSBSP must complete: (1) Parts
1 and 4 of Form SBS if it is a stand-alone SBSD, broker-dealer SBSD, stand-alone MSBSP, or broker-dealer
MSBSP; or (2) Parts 2 and 5 of Form SBS if it is a bank SBSD or bank MSBSP. In addition to completing those
parts, the SBSD or MSBSP also must complete Part 3 if is also registered as an FCM.
Filing Requirements
Form SBS must be filed by nonbank SBSDs and nonbank MSBSPs within 17 business days of the end of the
month in accordance with 17 C.F.R. § 240.17a-5 or 17 C.F.R. § 240.18a-7, as applicable. Form SBS must be filed
by bank SBSDs and bank MSBSPs within 17 business days of the end of the quarter in accordance with 17 C.F.R.
§ 240.18a-7.
Form SBS must be filed with the firm’s designated examining authority (“DEA”), or if none, then with the
Commission or its designee. The name of the SBSD or MSBSP and the report’s effective date must be repeated on
each sheet of the report submitted. If no response is made to a line item or subdivision thereof, it constitutes a
representation that the SBSD or MSBSP has nothing to report.
Consolidated Reporting
In computing net capital, firms should consolidate their assets and liabilities in accordance with 17 C.F.R.
§§ 240.15c3-1c or 18a-1c, as applicable.
Currency
Foreign currency may be expressed in terms of U.S. dollars at the rate of exchange as of the report’s effective
date and, where carried in conjunction with the U.S. dollar, balances for the same accountholder may be
consolidated with U.S. dollar balances and the gross or net position reported in its proper classification, provided the
foreign currency is not subject to any restriction as to conversion.
Rounding
As a general rule, money amounts should be expressed in whole dollars. No valuation should be used which is
higher than the actual valuation, i.e., for $170,000.85, use $170,000 but not $170,001. However, for any or all-short
valuations, round up the valuation to the nearest dollar, i.e., for $180,000.17, use $180,001 but not $180,000. Money
amounts should be expressed in whole dollars.
U.S. Generally Accepted Accounting Principles
Financial statements must be prepared in conformity with U.S. generally accepted accounting principles, applied
on a basis consistent with that of the preceding report and must include, in the basic statement or accompanying
footnotes, all informative disclosures necessary to make the statement a clear expression of the organization’s
financial and operational condition. The broker or dealer must report all data after proper accruals have been made
for income and expense not recorded in the books of account and adequate reserves have been provided for deficits
in customer or broker accounts, unrecorded liabilities, security differences, dividends and similar items.



The amount of terms (including commitment fees and the conditions under which lines may be withdrawn) of
unused lines of credit for short-term financing must be disclosed, if significant, in notes to the financial statements.
Definitions
“Alternative standard” refers to the alternative standard for computing net capital based on aggregate debit
items, in accordance with 17 C.F.R. § 240.15c3-1.
“Aggregate indebtedness” is defined in 17 C.F.R. § 240.15c3-1.
“Bona fide arbitrage” is defined in 17 C.F.R. § 240.15c3-1.
“Open contractual commitment” is defined in 17 C.F.R. § 240.15c3-1.
“Current net exposure” is defined as the net replacement value minus the fair market value of collateral collected
that may be applied under applicable rules (e.g., taking into account haircuts to the fair market value of the collateral
required under applicable rules).
“Customer” and “non-customer” are defined in 17 C.F.R. § 240.15c3-1.
“Exempted securities” is defined in section 3 of the Securities Exchange Act of 1934.
“Gross replacement value” and “Gross replacement value – receivable” are defined as the amount that would
need to be paid to enter into identical contracts with respect to derivatives positions that have a positive mark-tomarket value to the firm (i.e., are receivable positions of the firm), without applying any netting or collateral.
“Gross replacement value – payable” is defined as the amount that would need to be paid to enter into identical
contracts with respect to derivatives positions that have a negative mark-to-market value to the firm (i.e., are payable
positions of the firm), without applying any netting or collateral.
“Margin collected” is defined as the amount of margin collateral collected that can be applied against the firm’s
total exposure under applicable rules.
“Net capital” is defined in 17 C.F.R. §§ 240.15c3-1 or 18a-1, as applicable.
“Net replacement value” is defined as the amount of the “gross replacement value – receivable” minus the
amount of the “gross replacement value – payable” that may be netted for each counterparty in accordance with
applicable rules.
“Omnibus” refers to an arrangement whereby one firm settles transactions and holds securities in an account on
behalf of another firm and its customers. The clearing firm only knows the other firm and does not know the
customers of the carrying firm.
“Prudential regulator” is defined in section 3 of the Securities Exchange Act of 1934.
“Ready market” is defined in 17 C.F.R. §§ 240.15c3-1 or 18a-1, as applicable.
“Secured demand note” (“SDN”) is defined in 17 C.F.R. § 240.15c3-1d.
“Securities not readily marketable” is defined in 17 C.F.R. §§ 240.15c3-1 or 18a-1, as applicable.
“Security-based swap customer” is defined in 17 C.F.R. § 240.18a-4.
“Total exposure” is defined as the sum of the following:
x

The current net exposure,

x

The amount of initial margin for cleared security-based swaps and swaps required by a clearing agency or
derivatives clearing organization (regardless of whether the margin has been collected),

x

The “margin amount” for non-cleared security-based swaps calculated under 17 C.F.R. § 240.18a-3,



x

The initial margin for non-cleared swaps calculated under the CFTC’s rules (regardless of whether the
margin has been collected), and

x

The maximum potential exposure as defined in 17 C.F.R. §§ 240.15c3-1 or 18a-1, as applicable, for any
over-the-counter derivatives not included above.
SPECIFIC INSTRUCTIONS

COVER PAGE
The cover page must be answered in its entirety. If a line does not apply, the firm should write “None” or “N/A”
on the line, as applicable.
13

Name of reporting entity. Provide the name of the firm filing Form SBS, as it is registered with the
Commission. Do not use DBAs or divisional names. Do not abbreviate.

20-23, Address of principal place of business. Provide the physical address (not post office box) of the firm’s
99
principal place of business.
30

Name of person to contact in regard to this report. The identified person need not be an officer or partner of
the firm, but should be a person who can answer any questions concerning this specific report.

31

(Area code) Telephone no. Provide the direct telephone number of the contact person whose name
appears on Line Item 30.

31, 35, Official use. This item is for use by regulatory staff only. Leave blank.
37, 39
32, 34, Name(s) of subsidiaries or affiliates consolidated in this report. Provide the name of the subsidiaries or
36, 38 affiliate firms whose financial and operational data are combined in Form SBS with that of the firm filing
Form SBS.
PART 1
Statement of Financial Condition
This section must be prepared by stand-alone SBSDs, broker-dealer SBSDs, stand-alone MSBSPs, and brokerdealer MSBSPs. Firms should report their assets as allowable or non-allowable in accordance with 17 C.F.R.
§ 240.15c3-1, 17 C.F.R. § 240.18a-1, or 17 C.F.R. § 240.18a-2, as applicable. With respect to liabilities, the columns
entitled “A.I. Liabilities” and “Non-A.I. Liabilities” should only be completed by broker-dealers electing to comply with
the aggregate indebtedness standard under 17 C.F.R. § 240.15c3-1.
120

Total securities – includes encumbered securities. Report here the market value of total securities that are
encumbered. Securities should be treated as encumbered when the firm transfers them to a creditor and
that creditor has the right by contract or custom to sell or re-pledge the collateral. Encumbered inventory
may be reported on a settlement date basis even if total inventory is reported on a trade date basis. Firms
that introduce their proprietary accounts do not need to report the value of encumbered securities held by
the carrying/clearing firm.

200

Allowable – cash. Report unrestricted cash balances. Do not report:
x

x
x

Bank-negotiable certificates of deposits or similar bank money market instruments. Report bankers’
acceptances, certificates of deposit, commercial paper, and money market instruments on Line Item
849.
Petty cash. Report it on Miscellaneous Non-Allowable Assets (Line Item 720).
Cash used to collateralize bank loans or other similar liabilities (compensating balances). Report these
funds on Line Item 720.



x
210

Overdrafts in unrelated banks. Report such overdrafts as Bank Loan (includible) (Line Item 1460) or as
Drafts Payable (Line Item 1630).
Allowable – cash segregated in compliance with federal and other regulations. Report cash segregated
pursuant to federal or state statutes or regulations, or the requirements of any foreign government or
instrumentality thereof.

220

Allowable – receivables from brokers/dealers and clearing organizations – failed to deliver – includible in the
formula for reserve requirement under Rule 15c3-3a. Do not report continuous net settlement (“CNS”) fails
to deliver here. Report them on Line Item 280.

999

Allowable – receivables from brokers/dealers and clearing organizations – failed to deliver – includible in the
formula for the deposit requirement under Rule 18a-4a. Do not report CNS fails to deliver here. Report
them on Line Item 999 (Clearing organizations – Includible in the formula for the deposit requirement under
Rule 18a-4a).

230

Allowable – receivables from brokers/dealers and clearing organizations – failed to deliver – other. Do not
report CNS fails to deliver here. Report them on Line Item 290.

260

Allowable – receivables from brokers/dealers and clearing organizations – omnibus accounts – includible in
the formula for reserve requirement under Rule 15c3-3a. If applicable, report here net ledger balances and
losses and gains on commodities future contracts.

999

Allowable – receivables from brokers/dealers and clearing organizations – omnibus accounts – includible in
the formula for the deposit requirement under Rule 18a-4a. If applicable, report here net ledger balances
and losses and gains on commodities future contracts.

270

Allowable – receivables from brokers/dealers and clearing organizations – omnibus accounts – other. If
applicable, report here net ledger balances and losses and gains on commodities future contracts.

280

Allowable – receivables from brokers/dealers and clearing organizations – clearing organizations –
includible in the formula for reserve requirement under Rule 15c3-3a. Report CNS fails to deliver allocating
to customers here. CNS balances may be reported on a net basis by category (i.e., customer, noncustomer).

999

Allowable – receivables from brokers/dealers and clearing organizations – clearing organizations –
includible in the formula for the deposit requirement under Rule 18a-4a. Report CNS fails to deliver
allocating to security-based swap customers here. CNS balances may be reported on a net basis by
category (i.e., customer, non-customer).

290

Allowable – receivables from brokers/dealers and clearing organizations – clearing organizations – other.
Report CNS fails to deliver here. CNS balances may be reported on a net basis by category (i.e., customer,
non-customer). Report deposits of cash with clearing organizations.

292

Allowable – trade date receivable. Report pending or unsettled trades that net to a receivable balance, as of
trade date, across all counterparties.

300

Allowable – receivables from brokers/dealers and clearing organizations – other. Report other allowable
receivables from brokers/dealers and clearing organizations, including floor brokerage, commissions, trade
date adjustment, and all other allowable gross receivables from brokers/dealers and clearing organizations
not already reported.

320

Allowable – receivables from customers – securities accounts – partly secured accounts. Report those
portions of partly secured customer accounts that have been secured by securities deemed to have a ready
market. The remaining portion of the ledger debit balance is considered nonallowable; report it as partly
secured customer receivables (Line Item 560).



360

Allowable – securities purchased under agreements to resell. Report the gross contract value receivable
(contract price) of reverse repurchase agreements that are deemed to be adequately secured. Contract
price includes accrued interest on the contract at the repurchase agreement’s rate (not the underlying
securities). Buy-sell agreements are considered financing transactions and are reported on this line item. If
a firm does not take possession of the collateral securing a reverse repurchase agreement, it will be treated
as a nonallowable asset and reported on Line Item 605. Reverse repurchase deficits (including buy-sell
deficits) should be reported on Line Item 3610.

480

Allowable – investment in and receivables from affiliates, subsidiaries and associated partnerships. This
amount should not be netted against a payable from different affiliates, subsidiaries, and associated
partnerships.

500

Allowable – other assets – dividends and interest receivable. Dividends receivable and payable should not
be netted; they should be recorded in separate accounts.

520

Allowable – other assets – loans and advances. Report amounts related to loans and advances made to
employees and others that are secured by readily marketable securities, and meet the margin requirements
of Regulation T (12 C.F.R. § 220), 17 C.F.R. § 240.18a-3, and/or the firm’s DEA, as applicable. Do not
report loans and advances to partners, directors, and officers. Report them in the appropriate category
under "Receivable from non-customers", on either Line Item 340 or Line Item 350.

530

Allowable – other assets – miscellaneous. Report allowable assets not readily classifiable into other
previously identified categories. Examples of assets reported on this line item include: future income tax
benefits arising as a result of unrealized losses; good faith deposits; and deferred organization expenses,
prepaid expenses, and deferred charges.

536

Allowable – other assets – collateral accepted under ASC 860. Report here the market value of securities
received that are required to be reported under ASC 860.
Securities held as collateral for stock loan transactions are recognized as both an asset (Securities
accepted under ASC 860 (Line Item 536)) and as a liability (Obligation to return securities (Line Item 1686)).
Example: A firm loans 100 shares of stock valued at $1050 and receives stock collateral valued at
$1000. The market value of the collateral received should be reported on the FOCUS as follows:
Debit
Credit

FOCUS Item 536
FOCUS Item 1686

Securities accepted under SFAS 140
Obligation to return securities

$1000
$1000

Reclass firm inventory at market value of $1050 to Encumbered Inventory (Line Item 120) if loaned and
applicable.
537

Allowable – other assets – SPE assets. Report here financial assets that were previously transferred to a
special purpose entity (“SPE”) that do not qualify for sale treatment under ASC 860. Financial assets that
have been transferred to a qualifying SPE do not need to be reported on Form SBS. Financial assets that
have been transferred to a SPE that is not a qualifying SPE fail to qualify for sale treatment generally
because effective control over the assets is still maintained.

550

Nonallowable – receivables from brokers/dealers and clearing organizations – other. Report nonallowable
or aged receivables from brokers/dealers and clearing organizations including floor brokerage,
commissions, trade date adjustment, and all other nonallowable gross receivables from brokers/dealers and
clearing organizations not already reported. Do not net unrelated receivables versus payables.

560

Nonallowable – receivables from customers – securities accounts – partly secured accounts. Report those
portions of partly secured customer accounts that have not been secured by securities deemed to have a
ready market. See 17 C.F.R. § 240.15c3-1 or 17 C.F.R. § 240.18a-1, as applicable. Report deficits in partly
secured accounts of the introducing firm. Both the carrying broker and the introducing broker must report
this if their clearing agreement states that such deficits are the liability of the introducing broker.



605

Nonallowable – securities purchased under agreements to resell. Report the gross contract value
receivable (contract price) of reverse repurchase agreements that are not deemed to be adequately
secured. If collateral that secures a reverse repurchase receivable is non-marketable or illiquid, then the
amount receivable is nonallowable and should be reported here. Contract price includes accrued interest
on the contract at the repurchase agreement’s rate (not the underlying securities).

670

Nonallowable – investment in and receivables from affiliates, subsidiaries and associated partnerships. This
amount should not be netted against payables from different affiliates or subsidiaries.

690

Nonallowable – other assets – dividends and interest receivable. Dividends receivable and payable are not
to be netted; they should be recorded in separate accounts.

710

Nonallowable – other assets – loans and advances. Do not report unsecured loans and advances to
partners, directors, and officers. Report them on Line Item 600.

750

Total – cash. This line item is equal to Line Item 200.

760

Total – cash segregated in compliance with federal and other regulations. This line item is equal to Line
Item 210.

770

Total – receivables from brokers/dealers and clearing organizations – failed to deliver. This line item is the
sum of Line Items 220, 999, and 230.

780

Total – receivables from brokers/dealers and clearing organizations – securities borrowed. This line item is
the sum of Line Items 240, 999, and 250.

790

Total – receivables from brokers/dealers and clearing organizations – omnibus accounts. This line item is
the sum of Line Items 260, 999, and 270.

800

Total – receivables from brokers/dealers and clearing organizations – clearing organizations. This line item
is the sum of Line Items 280, 999, and 290.

802

Total – trade date receivable. This line item is equal to Line Item 292.

810

Total – receivables from brokers/dealers and clearing organizations – other. This line item is the sum of
Line Items 300 and 550.

820

Total – receivables from customers. This line item is the sum of Line Items 310, 320, 330, 335, 560, 570,
580, and 590.

830

Total – receivables from non-customers. This line item is the sum of Line Items 340, 350, and 600.

840

Total – securities purchased under agreements to resell. This line item is the sum of Line Items 360 and
605.

849

Allowable – total securities, including security-based swaps, and spot commodities and swaps owned at
market value. Report the long market value for securities, spot commodities, and swaps netted, including
the value of derivative contracts that is allowable under 17 C.F.R. §§ 240.15c3-1 or 18a-1, as applicable.

850

Total – total securities, including security-based swaps, and spot commodities and swaps owned. This line
item is equal to Line Item 849.

860

Total – securities owned not readily marketable. This line item is the sum of Line Items 440 and 610.

870

Total – other investments not readily marketable. This line item is the sum of Line Items 450 and 620.

880

Total – securities borrowed under subordination agreements and partners’ individual and capital securities
accounts. This line item is the sum of Line Items 460 and 630.

890

Total – secured demand notes. This line item is the sum of Line Items 470 and 640.

900

Total – memberships in exchanges. This line item is the sum of Line Items 650 and 660.



910

Total – investment in and receivables from affiliates, subsidiaries and associated partnerships. This line
item is the sum of Line Items 480 and 670.

920

Total – property, furniture, equipment, leasehold improvements, and rights under lease agreements. This
line item is the sum of Line Items 490 and 680.

930

Total – other assets. This line item is the sum of Line Items 500, 510, 520, 530, 536, 537, 690, 700, 710,
and 720.

940

Total – assets. This line item is the sum of Line Items 540 and 740.

950

Payable to customers – securities accounts – including free credits. Do not report here funds in commodity
accounts segregated in accordance with the Commodity Exchange Act. Do not report credits related to
short sales of securities. Do not report here amounts reported on Line Item 999 (Security-based swap
accounts payable to customers – free credits).

999

Payable to customers – security-based swap accounts – including free credits. Do not report credits related
to short sales of securities. Do not report here amounts reported on Line Item 950.

960

Securities sold but not yet purchased – arbitrage. Report that part of Line Item 1620 that is deemed to be
part of a bona fide arbitrage.

970

Liabilities subordinated to claims of creditors – cash borrowings – from outsiders. Report that portion of
subordinated liabilities (cash borrowings) reported on Line Item 1710 that are owed to the firm’s nonpartners, non-members, or non-stockholders (outsiders).

980

Liabilities subordinated to claims of creditors – cash borrowings – includes equity subordination. Report that
portion of subordinated liabilities (cash borrowings) reported on Line Item 1710 that are considered equity
pursuant to 17 C.F.R. § 240.15c3-1 or 17 C.F.R. § 240.18a-1, as applicable, for debt to debt-equity
requirements. See also 17 C.F.R. § 240.15c3-1d and 17 C.F.R. § 240.18a-1d regarding events of
acceleration and default.

990

Liabilities subordinated to claims of creditors – securities borrowings – from outsiders. This amount
represents that portion of Line Item 1720 that is securities borrowing from the firm’s non-partners, nonmembers, or non-stockholders (outsiders).

1000

Liabilities subordinated to claims of creditors – pursuant to secured demand note collateral agreements –
from outsiders. Report that portion of liabilities subordinated pursuant to SDN collateral agreements (Line
Item 1730) that are owed to the firm’s non-partners, non-members, or non-stockholders (outsiders).

1010

Liabilities subordinated to claims of creditors – pursuant to secured demand note collateral agreements –
includes equity subordination. Report that portion of liabilities subordinated pursuant to SDN collateral
agreements (Line Item 1730) that are considered equity pursuant to 17 C.F.R. § 240.15c3-1 or 17 C.F.R.
§ 240.18a-1, as applicable, for debt to debt-equity requirements.
See also 17 C.F.R. § 240.15c3-1d and 17 C.F.R. § 240.18a-1d regarding events of acceleration and default.

1020

Partnership and LLC – including limited partners. Report that portion of Line Item 1780 that represents the
capital contributions of limited partners to the limited partnership. Limited liability companies (“LLCs”)
should leave this line item blank.

1480

Securities sold under repurchase agreements. Report here the gross contract value (contract price) of
securities sold under repurchase agreements. Contract price includes accrued interest on the contract at
the repurchase agreement’s rate (not the underlying securities). Buy-sell agreements resembling
repurchase agreements are also reported here.

1490

Payable to brokers/dealers and clearing organizations – failed to receive – includible in the formula for
reserve requirements under Rule 15c3-3a. Do not report here CNS failed to receive relating to
customers. Report them on Line Item 1550.



9999

Payable to brokers/dealers and clearing organizations – failed to receive – includible in the formula for the
deposit requirement under Rule 18a-4a. Do not report here CNS failed to receive relating to security-based
swap customers. Report them on Line Item 9999 (Clearing organizations - includible in the formula for the
deposit requirement under 17 C.F.R. § 240.18a-4a).

1500

Payable to brokers/dealers and clearing organizations – failed to receive – other. Do not report here CNS
failed to receive relating to non-customers. Report them on Line Item 1560.

1530

Payable to brokers/dealers and clearing organizations – omnibus accounts – includible in the formula for
reserve requirements under Rule 15c3-3a. Report here customer-related credit balances in accounts
carried by other firms pursuant to omnibus agreements.

9999

Payable to brokers/dealers and clearing organizations – omnibus accounts – includible in the formula for the
deposit requirement under Rule 18a-4a. Report here security-based swap customer-related credit balances
in accounts carried by other firms pursuant to omnibus agreements.

1540

Payable to brokers/dealers and clearing organizations – omnibus accounts – other. Report here noncustomer and proprietary-related credit balances in accounts carried by other firms pursuant to omnibus
agreements. FCMs should also report on this line item omnibus accounts used to clear proprietary and noncustomer accounts that liquidate to a deficit (payable to the other FCM). An omnibus account that the
reporting FCM carries at another FCM liquidating to a deficit should not be netted against omnibus accounts
that liquidate to an equity.

1550

Payable to brokers/dealers and clearing organizations – clearing organizations – includible in the formula for
reserve requirements under Rule 15c3-3a. CNS fails to receive allocating to customers are also included on
this line item. CNS balances may be reported on a net basis by category (customers or non-customers);
however, they should be allocated broadly for purposes of the formulas under 17 C.F.R. § 240.15c3-3a and
17 C.F.R. § 240.18a-4a.

9999

Payable to brokers/dealers and clearing organizations – clearing organizations – includible in the formula for
the deposit requirement under Rule 18a-4a. CNS fails to receive allocating to security-based swap
customers are also included on this line item. CNS balances may be reported on a net basis by category
(customers, security-based swap customers, non-customers and non-security-based swap customers);
however, they should be allocated broadly for purposes of the formulas under 17 C.F.R. § 240.15c3-3a and
17 C.F.R. § 240.18a-4a.

1560

Payable to brokers/dealers and clearing organizations – clearing organizations – other. CNS balances may
be reported on a net basis by category (customers or non-customers).

1562

Trade date payable. Report here pending or unsettled trades that net to a payable balance as of trade date,
across all counterparties.

1570

Payable to brokers/dealers and clearing organizations – other. Report here all other payables to
broker/dealers including commissions, floor brokerage, and trade date or settlement date adjustments.
When a firm is required to prepare its net capital computation on a trade date basis, any net receivables (or
payables) resulting from adjusting proprietary positions to reflect the trade date basis of accounting should
be reported here. Do not net payables and receivables with unrelated entities.

1686

Accounts payable and accrued liabilities and expenses – obligation to return securities. Report here the
market value of securities that are required to be reported pursuant to ASC 860. Report here the market
value of securities received in a stock loan transaction in which the firm lent out one security and received
another security in lieu of cash.

1687

Accounts payable and accrued liabilities and expenses – SPE liabilities. Report here liabilities of SPEs that
offset financial assets previously transferred to the SPE that do not qualify for sale treatment under ASC
860. Liabilities reported here contrast with the assets reported on Line Item 537.



1710

Liabilities subordinated to claims of creditors – cash borrowings. SBSDs should report here cash
borrowings that are subordinated to the claims of creditors, and meet the minimum requirements of 17
C.F.R. § 240.15c3-1d or 17 C.F.R. § 240.18a-1d, if applicable. These liabilities are added to net worth in
the computation of net capital (see Line Item 3520).

Computation of Net Capital (Filer Authorized to Use Models)
This section must be prepared by stand-alone SBSDs, broker-dealer SBSDs, and broker-dealer MSBSPs that
are authorized by the Commission to calculate net capital using internal models in accordance with 17 C.F.R.
§§ 240.15c3-1e and 240.18a-1(d), as applicable.
3490

Deduct ownership equity not allowable for net capital. Report as a deduction any capital accounts, included
as part of ownership equity on the Statement of Financial Condition, that are not allowable in the
determination of net capital (i.e., partners’ securities contributed to the firm through their individual and
capital accounts).

3525

Other (deductions) or allowable credits. Report deductions or addbacks that are net of any related tax
benefit.
Reported amounts must also be reported on the section entitled “Capital Withdrawals.”
Do not deduct from net worth or include in aggregate indebtedness any net receivables or payables
resulting from the recording of proprietary positions on a trade date basis.

3610

Other deductions and/or charges. These charges include the following:
x
x
x
x
x

3630

Securities borrowed deficits,
Stock loan deficits,
Repurchase and reverse repurchase deficits,
Aged fail-to-receive,
The 1% deduction for fails to deliver and stock borrows allocating to fails to receive that have been
excluded from the customer reserve or deposit requirement formula, as applicable,
x Other operational charges not comprehended elsewhere, and
x The 1% deduction for stock borrows collateralized by an irrevocable letter of credit.
Other additions and/or allowable credits. Report adjustments to ownership equity related to unrealized profit
or loss and to deferred tax provisions, pursuant to 17 C.F.R. § 240.15c3-1 or 17 C.F.R. § 240.18a-1, as
applicable. Report also any flow-through capital that has been approved by the Commission pursuant to 17
C.F.R. § 240.15c3-1c, if applicable.

Unrealized losses on open contractual commitments are treated as charges when computing the net worth
and the debt/equity total. See 17 C.F.R. § 240.15c3-1 or 17 C.F.R. § 240.18a-1, as applicable. Unrealized
profits on open contractual commitments are allowed to reduce haircuts, but not to otherwise increase net
worth or net capital.
Computation of Net Capital (Filer Not Authorized to Use Models)
This section must be prepared by stand-alone SBSDs, broker-dealer SBSDs, and broker-dealer MSBSPs that
are not authorized by the Commission to calculate net capital using internal models in accordance with 17 C.F.R.
§ 240.15c3-1e or 17 C.F.R. § 240.18a-1(d), as applicable.
Follow the instructions in the immediately preceding section entitled “Computation of Net Capital (Filer
Authorized to Use Models)” to the extent it contains instructions corresponding with the applicable line item number
(unless contrary instructions are provided below).
3732

Haircuts on securities – arbitrage. Report the deduction applied to securities considered part of a bona fide
arbitrage, pursuant to 17 C.F.R. § 240.15c3-1 or 17 C.F.R. § 240.18a-1, as applicable.



3734

Haircuts on securities – other securities. This line item should include deductions applied to securities of an
investment company registered under the Investment Company Act of 1940.

3736

Haircuts on securities – other. The deductions reported here should include charges related to foreign
currency exposure or charges related to swaps.

Computation of Minimum Regulatory Capital Requirements (Broker-Dealer)
This section must be prepared by broker-dealer SBSDs and broker-dealer MSBSPs. The calculation of excess
tentative net capital should only be completed by broker-dealers that are authorized to calculate net capital using
internal models.
3870

Ratio requirement – 2% of aggregate debit items. FCMs must report here the greater of:

x 2% of aggregate debit items, or
x 4% of funds required to be segregated pursuant to the Commodity Exchange Act.
Computation of Minimum Regulatory Capital Requirements (Non-Broker-Dealer)
This section must be prepared by stand-alone SBSDs. The calculation of excess tentative net capital should
only be completed by stand-alone SBSDs that are authorized to calculate net capital using internal models.
Computation of Tangible Net Worth
This section must be prepared by stand-alone MSBSPs and broker-dealer MSBSPs.
Statement of Income (Loss)
This section must be prepared by stand-alone SBSDs, broker-dealer SBSDs, stand-alone MSBSPs, and
broker-dealer MSBSPs.
The Statement of Income (Loss) is largely based on the Supplemental Statement of Income (Loss) from FINRA’s
Supplemental Statement of Income (“SSOI”). Follow the instructions in the section of the SSOI Instructions entitled
“Specific Instructions” to the extent it contains instructions corresponding with the applicable line item number (unless
contrary instructions are provided below).
For the purposes of the Statement of Income (Loss), “registered offering” means an offering registered with the
SEC.
Capital Withdrawals
This section must be prepared by stand-alone SBSDs, broker-dealer SBSDs, and broker-dealer MSBSPs.
Name of lender or contributor. Report the name of the lender or contributor to whom the scheduled liability relates
(i.e., name of partner, shareholder or subordinated lender). If an amount reported in this column relates to a
discretionary liability or other addback to capital, include a description of the addback (i.e., “discretionary liability”).
Amount to be withdrawn. These amounts can include:
x
x
x

Equity capital that the firm expects to distribute within the next six months;
Subordinated liabilities that are scheduled to mature within the next six months;
Accruals and other addbacks to net capital that will not be eligible for inclusion in net capital within
the next six months.
Capital Withdrawals – Recap
This section must be prepared by stand-alone SBSDs, broker-dealer SBSDs, and broker-dealer MSBSPs.
With respect to Lines 1 through 4, report equity and subordinated liabilities maturing or proposed to be
withdrawn within the next six months and accruals which have not been deducted in the computation of net capital.
Financial and Operational Data



This section must be prepared by stand-alone SBSDs, broker-dealer SBSDs, and broker-dealer MSBSPs. In
addition to the specific instructions below, firms should refer to the instructions accompanying Notes A and B of this
section on Form SBS itself.
4980

Actual number of tickets executed during the reporting period. For agency transactions, count both street
side and customer side as one transaction. Count as one transaction multiple executions at the same price
that result in one confirmation. In the case of principal transactions, count separately dealer-to-dealer and
retail transactions. Carrying and clearing firms should include in the total ticket count transactions
emanating from those firms for whom they clear on a fully disclosed basis. Firms that introduce accounts on
a fully disclosed basis should include transactions introduced in their ticket count.

4990

Number of corrected customer confirmations mailed after settlement date. Include confirmations for which
the incorrect original was mailed to the customer. Consider individually multiple corrections on
confirmations.

5374

Customers’ and security-based swap customers’ accounts under Rules 15c3-3 or 18a-4, as applicable.
Report the aggregate market value of specific securities, other than exempted securities, which exceeds
15% of the value of all securities which collateralize all margin receivables pursuant to Note E to 17 C.F.R.
§ 240.15c3-3a or Note E to 17 C.F.R. § 240.18a-1a, as applicable.

5378

Total of personal capital borrowings due within six months. Report the total borrowed cash and/or securities
that, in computing net capital, are included as proprietary capital or subordinated debt.

5760

Open transfers and reorganization account items over 40 days not confirmed or verified – number of items.
The term “reorganization account items” includes, but is not limited to, transactions in the following:
(1) “rights” subscriptions, (2) warrants exercised, (3) stock splits, (4) redemptions, (5) conversions,
(6) exchangeable securities, and (7) spin-offs.

5820

Security suspense and differences with related money balances – long – debits. When computing net
capital, regard short positions and related credits as proprietary commitments if they remain unresolved
seven business days after discovery.

5825

Security suspense and differences with related money balances – short – debits. When computing net
capital, regard long positions and related debits as proprietary commitments if they remain unresolved
seven business days after discovery.

5830

Market value of short and long security suspense and differences without related money – debits. When
computing net capital, regard the market value of short security differences as deductions if they remain
unresolved seven business days after discovery. Do not net unrelated differences in the same security or in
other securities.

5840

Market value of security record breaks – debits. Report the market values of short security record breaks
that are unresolved seven business days after discovery.

5850

Correspondents, SBSDs, and MSBSPs – long – debits. Report here the debit amount applicable to all
unresolved reconciling items (favorable or unfavorable) with correspondents, SBSDs, and/or MSBSPs that
are long and unresolved within seventeen business days from record date. Do not net these items.

5855

Correspondents, SBSDs, and MSBSPs – short – debits. Report here the debit amount applicable to all
unresolved reconciling items (favorable or unfavorable) with correspondents, SBSDs, and/or MSBSPs that
are short and unresolved within seventeen business days from record date. Do not net these items.

5860

Depositories – debits. Report here the debit amount or short value applicable to all unresolved reconciling
items (favorable or unfavorable) with depositories that are unresolved within seven business days from the
date of receipt of the statement of account from the carrying entity. Do not net these items.

5870

Clearing organizations – long – debits. Report here the debit amount applicable to all unresolved
reconciling items (favorable or unfavorable) with clearing organizations that are long and unresolved within



seven business days from the date of receipt of the statement of account from the carrying entity. Do not
net these items.
5875

Clearing organizations – short – debits. Report here the debit value applicable to all unresolved reconciling
items (favorable or unfavorable) with clearing organizations that are short and unresolved within seven
business days from the date of receipt of the statement of account from the carrying entity. Do not net these
items.

6012

Money suspense and balancing differences – deductions. A difference, open at the report date and
unresolved for seven business days after discovery, must be deducted regardless of whether the difference
is resolved prior to Form SBS’ filing date.

6020

Security suspense and differences with related money balances – long – credits. When computing net
capital, regard long positions and related credits as proprietary commitments if they remain unresolved
seven business days after discovery.

6025

Security suspense and differences with related money balances – short – credits. When computing net
capital, regard long positions and related credits as proprietary commitments if they remain unresolved
seven business days after discovery.

6040

Market value of security record breaks – credits. Report the market values of long security record breaks
that are unresolved seven business days after discovery.

6042

Market value of security record breaks – deductions. The market values of short security record breaks are
deductions to net capital only if they remain unresolved seven business days after discovery.

6050

Correspondents, SBSDs, and MSBSPs – long – credits. Report here the credit amount applicable to all
unresolved reconciling items (favorable or unfavorable) with correspondents, SBSDs, and/or MSBSPs that
are long and unresolved within seventeen business days from record date.

6055

Correspondents, SBSDs, and MSBSPs – short – credits. Report here the credit amount applicable to all
unresolved reconciling items (favorable or unfavorable) with correspondents, SBSDs, and/or MSBSPs that
are short and unresolved within seventeen business days from record date. Do not net these items.

6060

Depositories – credits. Report here the credit amount or long value applicable to all unresolved reconciling
items (favorable or unfavorable) with depositories that are unresolved within seven business days from the
date of receipt of the statement of account from the carrying entity. Do not net these items.

6070

Clearing organizations – long – credits. Report here the credit amount applicable to all unresolved
reconciling items (favorable or unfavorable) with clearing organizations that are long and unresolved within
seven business days from the date of receipt of the statement of account from the carrying entity. Do not
net these items.

6075

Clearing organizations – short – credits. Report here the credit value applicable to all unresolved
reconciling items (favorable or unfavorable) with clearing organizations that are short and unresolved within
seven business days from the date of receipt of the statement of account from the carrying entity. Do not
net these items.

6160

Open transfers and reorganization account items over 40 days not confirmed or verified – credits. Report
here credits relating to open transfers and reorganization account items that have not been confirmed or
verified for over forty days. See the instructions accompanying Line Item 5760 for a discussion of the term
“reorganization account items.”

6162

Open transfers and reorganization account items over 40 days not confirmed or verified – deductions.
Report here the total deductions relating to open transfers and reorganization account items that have not
been confirmed or verified for over forty days. See the instructions accompanying Line Item 5760 for a
discussion of the term “reorganization account items.”



6182

Aged fails to deliver – deductions. Report deductions for fails to deliver that are five business days or longer
(or 21 business days for municipal securities).

6187

Aged fails to receive – deductions. Report deductions for fails to receive that are outstanding for more than
30 calendar days.

Computation for Determination of Reserve Requirements – Rule 15c3-3, Exhibit A and Related Notes
This section must be prepared by broker-dealer SBSDs and broker-dealer MSBSPs. See also the notes
accompanying 17 C.F.R. § 240.15c3-3a.
Note that broker-dealer SBSDs must also complete the “Computation for Determination of Reserve
Requirements – Rule 18a-4, Appendix A” with regard to security-based swap customers’ accounts (while limiting this
calculation under 17 C.F.R. § 240.15c3-3a to customers’ accounts). The term “customer” is defined in 17 C.F.R.
§ 240.15c3-3.
Information for Possession or Control Requirements under Rule 15c3-3
This section must be prepared by broker-dealer SBSDs and broker-dealer MSBSPs.
Note that broker-dealer SBSDs must also complete the Computation for Determination of Reserve Requirements
under 17 C.F.R. § 240.18a-4a with regard to security-based swap customers’ security-based swap accounts (while
limiting this calculation under 17 C.F.R. § 240.15c3-3a to security accounts).
Computation for Determination of PAB Requirements
This section must be prepared by broker-dealer SBSDs and broker-dealer MSBSPs.
Computation for Determination of the Amount to be Maintained in the Special Account for the Exclusive
Benefit of Security-Based Swap Customers – Rule 18a-4, Appendix A
This section must be prepared by stand-alone SBSDs and broker-dealer SBSDs.
accompanying 17 C.F.R. § 240.18a-4a.

See also the notes

Note that broker-dealer SBSDs must also complete the “Computation for Determination of Reserve
Requirements – Rule 15c3-3, Exhibit A and Related Notes” with regard to customers’ accounts (while limiting this
calculation under 17 C.F.R. § 240.18a-4a to security-based swap customers’ accounts). The term “security-based
swap customer” is defined in 17 C.F.R. § 240.18a-4.
Information for Possession or Control Requirements under Rule 18a-4
This section must be prepared by stand-alone SBSDs and broker-dealer SBSDs.
Note that broker-dealer SBSDs must also complete the Computation for Determination of Reserve Requirements
under 17 C.F.R. § 240.15c3-3a with regard to customers’ security accounts (while limiting this calculation under 17
C.F.R. § 240.18a-4a to security-based swap accounts).
PART 2
Balance Sheet (Information as Reported on FFIEC Form 031 – Schedule RC)
This section must be prepared by bank SBSDs and bank MSBSPs.
This section should be prepared in accordance with the FFIEC Instructions, including “Schedule RC – Balance
Sheet.” Thus, dollar amounts should be reported in thousands. In addition, the data reported on this section should
only be updated quarterly.
Regulatory Capital (Information as Reported on FFIEC Form 031 – Schedule RC-R)



This section must be prepared by bank SBSDs and bank MSBSPs.
This section should be prepared in accordance with the FFIEC Instructions, including “Schedule RC-R –
Regulatory Capital.” Thus, dollar amounts should be reported in thousands. In addition, the data reported on this
section should only be updated quarterly.
Note that the line numbers on this section and Schedule RC-R do not match, so firms should refer to the line
item numbers (appended with the letter “b” in Form SBS) when matching Schedule RC-R’s instructions with this
section.
Income Statement (Information as Reported on FFIEC Form 031 – Schedule RI)
This section must be prepared by bank SBSDs and bank MSBSPs.
This section should be prepared in accordance with the FFIEC Instructions, including “Schedule RI – Income
Statement.” Thus, dollar amounts should be reported in thousands. In addition, the data reported on this section
should only be updated quarterly.
Note that the line numbers on this section and Schedule RI do not match, so firms should refer to the line item
numbers (appended with the letter “b” in Form SBS) when matching Schedule RI’s instructions with this section.
Computation for Determination of the Amount to be Maintained in the Special Account for the Exclusive
Benefit of Security-Based Swap Customers – Rule 18a-4, Appendix A
This section must be prepared by bank SBSDs.
This section should be prepared in accordance with the instructions accompanying the section in Part 1 of Form
SBS entitled “Computation for Determination of the Amount to be Maintained in the Special Account for the Exclusive
Benefit of Security-Based Swap Customers – Rule 18a-4, Appendix A.”
Information for Possession or Control Requirements under Rule 18a-4
This section must be prepared by bank SBSDs.
This section should be prepared in accordance with the instructions accompanying the section in Part 1 of Form
SBS entitled “Information for Possession or Control Requirements under Rule 18a-4.”
PART 3
Computation of CFTC Minimum Capital Requirements
This section must be prepared by all SBSDs registered with the CFTC as futures commission merchants
pursuant to section 4d of the Commodity Exchange Act, and all MSBSPs registered with the CFTC as futures
commission merchants pursuant to section 4d of the Commodity Exchange Act.
This section should be prepared in accordance with the Commodity Futures Trading Commission’s Form
1-FR-FCM (“CFTC Instructions”), including the instructions accompanying the section entitled “Statement of the
Computation of the Minimum Capital Requirements.”
Statement of Segregation Requirements and Funds in Segregation for Customers Trading on U.S.
Commodity Exchanges
This section must be prepared by all SBSDs registered with the CFTC as futures commission merchants
pursuant to section 4d of the Commodity Exchange Act, and all MSBSPs registered with the CFTC as futures
commission merchants pursuant to section 4d of the Commodity Exchange Act.
This section should be prepared in accordance with the CFTC Instructions, including the section entitled
“Statement of Segregation Requirements and Funds in Segregation for Customers Trading on U.S. Commodity
Exchanges.”



Statement of Cleared Swaps Customer Segregation Requirements and Funds in Cleared Swaps Customer
Accounts under Section 4d(f) of the Commodity Exchange Act
This section must be prepared by all SBSDs registered with the CFTC as futures commission merchants
pursuant to section 4d of the Commodity Exchange Act, and all MSBSPs registered with the CFTC as futures
commission merchants pursuant to section 4d of the Commodity Exchange Act.
This section should be prepared in accordance with the CFTC Instructions, including the section entitled
“Statement of Cleared Swaps Customer Segregation Requirements and Funds in Cleared Swaps Customer
Accounts under Section 4d(f) of the Commodity Exchange Act.”
Statement of Segregation Requirements and Funds in Segregation for Customers’ Dealer Options Accounts
This section must be prepared by all SBSDs registered with the CFTC as futures commission merchants
pursuant to section 4d of the Commodity Exchange Act, and all MSBSPs registered with the CFTC as futures
commission merchants pursuant to section 4d of the Commodity Exchange Act.
This section should be prepared in accordance with the CFTC Instructions, including the section entitled
“Statement of Segregation Requirements and Funds in Segregation for Customers’ Dealer Options Accounts.”
Statement of Secured Amounts and Funds Held in Separate Accounts for Foreign Futures and Foreign
Options Customers Pursuant to CFTC Regulation 30.7
This section must be prepared by all SBSDs registered with the CFTC as futures commission merchants
pursuant to section 4d of the Commodity Exchange Act, and all MSBSPs registered with the CFTC as futures
commission merchants pursuant to section 4d of the Commodity Exchange Act.
This section should be prepared in accordance with the CFTC Instructions, including the section entitled
“Statement of Secured Amounts and Funds Held in Separate Accounts for Foreign Futures and Foreign Options
Customers.”
PART 4
Schedule 1 – Aggregate Securities, Commodities, and Swaps Positions
This schedule must be prepared by stand-alone SBSDs, broker-dealer SBSDs, stand-alone MSBSPs, and
broker-dealer MSBSPs.
For the applicable security-based swap, mixed swap, or swap, report the month-end gross replacement value for
cleared and non-cleared receivables in the long column, and report the month-end gross replacement value for
cleared and non-cleared payables in the short column. Reports totals on the “Total” row.
Terms may be defined by reference to other sections of the instructions accompanying Form SBS (e.g., Line
Item 8290 (Arbitrage) may be defined by reference to Line Item 422 (Arbitrage)). Derivatives should be defined by
referenced to the section of the instructions entitled “Definitions of Derivatives.”
Schedule 2 – Credit Concentration Report for Fifteen Largest Exposures in Derivatives
This schedule must be prepared by stand-alone SBSDs, broker-dealer SBSDs, stand-alone MSBSPs, and
broker-dealer MSBSPs.
On the penultimate row of each table, entitled “All other counterparties,” report the requested information for all
of the firm’s counterparties except for the fifteen counterparties already listed on the applicable table.
Counterparty identifier. In the first table, list the fifteen counterparties to which the firm has the largest current net
exposure, beginning with the counterparty to which the firm has the largest current net exposure.
In the second table, list the fifteen counterparties to which the firm has the largest total exposure, beginning with the
counterparty to which the firm has the largest total exposure.



Identify each counterparty by its unique counterparty identifier.
Internal credit rating. Report the applicable counterparty’s internal credit rating as assigned by the firm.
Gross replacement value – receivable. For the applicable counterparty, report here the gross replacement value of
the firm’s derivatives receivable positions. Report total on the “Totals” row.
Gross replacement value – payable. For the applicable counterparty, report here the gross replacement value of the
firm’s derivatives payable positions. Report total on the “Totals” row.
Net replacement value. For the applicable counterparty, report here the net replacement value of the firm’s derivative
positions. Report total on the “Totals” row.
Current net exposure. For the applicable counterparty, report here the firm’s current net exposure to derivative
positions. Report total on the “Totals” row.
Total exposure. For the applicable counterparty, report here the firm’s total exposure to derivative positions. Report
total on the “Totals” row.
Margin collected. For the applicable counterparty, report here the margin collected to cover the firm’s derivative
positions. Report total on the “Totals” row.
Schedule 3 – Portfolio Summary of Derivatives Exposures by Internal Credit Rating
This schedule must be prepared by stand-alone SBSDs, broker-dealer SBSDs, stand-alone MSBSPs, and
broker-dealer MSBSPs.
Internal credit rating. Report here the firm’s internal credit rating scale. Each row should contain a separate symbol,
number, or score in the firm’s rating scale to denote a credit rating category and notches within a category in
descending order from the highest to the lowest notch. For example, the following symbols would each represent a
notch in a rating scale in descending order: AAA, AA+, AA, AA-, A+, A, A-, BBB+, BBB, BBB-, BB+, BB, BB-, CCC+,
CCC, CCC-, CC, C and D.
Gross replacement value – receivable. For the applicable internal credit rating notch, report here the gross
replacement value of the firm’s derivatives receivable positions with counterparties rated at that notch. Report total
on the “Totals” row.
Gross replacement value – payable. For the applicable internal credit rating notch, report here the gross
replacement value of the firm’s derivatives payable positions with counterparties rated at that notch. Report total on
the “Totals” row.
Net replacement value. For the applicable internal credit rating notch, report here the net replacement value of the
firm’s derivative positions with counterparties rated at that notch. Report total on the “Totals” row.
Current net exposure. For the applicable internal credit rating notch, report here the firm’s current net exposure to
derivative positions with counterparties rated at that notch. Report total on the “Totals” row.
Total exposure. For the applicable internal credit rating notch, report here the firm’s total exposure to derivative
positions with counterparties rated at that notch. Report total on the “Totals” row.
Margin collected. For the applicable internal credit rating notch, report here the margin collected to cover the firm’s
derivative positions with counterparties rated at that notch. Report total on the “Totals” row.
Schedule 4 – Geographic Distribution of Derivatives Exposures for Ten Largest Countries
This schedule must be prepared by stand-alone SBSDs, broker-dealer SBSDs, stand-alone MSBSPs, and
broker-dealer MSBSPs.
Country. Identify the 10 largest countries according to the firm’s current net exposure or total exposure in
derivatives. In the first table, countries should be ordered according to the size of the firm’s current net exposure in
derivatives to them (beginning with the largest and ending with the smallest). In the first table, countries should be



ordered according to the size of the firm’s total exposure in derivatives to them (beginning with the largest and
ending with the smallest). A firm’s counterparty is deemed to reside in the country where its main operating
company is located.
Gross replacement value – receivable. For the applicable country, report here the gross replacement value of the
firm’s derivatives receivable positions. Report total on the “Totals” row.
Gross replacement value – payable. For the applicable country, report here the gross replacement value of the
firm’s derivatives payable positions. Report total on the “Totals” row.
Net replacement value. For the applicable country, report here the net replacement value of the firm’s derivative
positions. Report total on the “Totals” row.
Current net exposure. For the applicable country, report here the firm’s current net exposure to derivative positions.
Report total on the “Totals” row.
Total exposure. For the applicable country, report here the firm’s total exposure to derivative positions. Report total
on the “Totals” row.
Margin collected. For the applicable country, report here the margin collected to cover the firm’s derivative positions.
Report total on the “Totals” row.
Part 5
Schedule 1 – Aggregate Security-Based Swap and Swap Positions
This schedule must be prepared by bank SBSDs and bank MSBSPs.
For the applicable security-based swap, mixed swap, or swap, report the quarter-end gross replacement value
for cleared and non-cleared receivables in the long column, and report the quarter-end gross replacement value for
cleared and non-cleared payables in the short column. Report total on the “Total” row.
Derivatives should be defined by referenced to the section of the instructions entitled “Definitions of Derivatives.”

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File Type	application/pdf
File Title	Proposed Rule: Recordkeeping and Reporting Requirements for Security-Based Swap Dealers, Major Security-Based Swap Participants,
Subject	17 CFR Parts 240 and 249, Release No. 34-71958, File No. S7-05-14, RIN 3235-AL45, Date: 2014-04-17
Author	U.S. Securities and Exchange Commission
File Modified	2016-09-07
File Created	2016-09-07