First Republic Bank : Fourth Quarter 2019 Basel III Regulatory Capital Disclosures

February 28, 2020 at 06:30 pm EST

FIRST REPUBLIC BANK

Basel III Regulatory Capital Disclosures

December 31, 2019

First Republic Bank
Basel III Regulatory Capital Disclosures
December 31, 2019
	TABLE OF CONTENTS
Section	Page
1.	Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	3
2.	Capital Structure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	4
3.	Capital Adequacy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	5
4.	Capital Conservation Buffer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	7
5.	Credit Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	8
6.	Counterparty Credit Risk-RelatedExposures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	11
7.	Credit Risk Mitigation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	12
8.	Securitization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	13
9.	Equity Exposures not Subject to Market Risk Capital Rule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	13
10. Interest Rate Risk for Non-TradingActivities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	14
Information Regarding Forward-LookingStatements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	15
Exhibit A: Cross-ReferenceTable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	16

First Republic Bank

Basel III Regulatory Capital Disclosures

December 31, 2019

1. Introduction

Explanatory Note

As used throughout this document, the terms "First Republic," the "Bank," "we," "our" and "us" mean, except as the context indicates otherwise, First Republic Bank, a California-chartered commercial bank including all of its subsidiaries.

For references to disclosures contained within this report and in the Bank's other regulatory disclosures and public filings, refer to "Exhibit A: Cross-Reference Table." Included in Exhibit A are references to the Bank's Annual Report on Form 10-K for the year ended December 31, 2019 ("2019 Form 10-K") and the Bank's Consolidated Reports of Condition and Income as of December 31, 2019 ("12/31/2019 Call Report").

Company Overview

Founded in 1985, First Republic Bank is a California-chartered commercial bank and trust company headquartered in San Francisco with deposits insured by the Federal Deposit Insurance Corporation ("FDIC"). First Republic and its subsidiaries offer private banking, private business banking and private wealth management, including investment, trust and brokerage services. First Republic specializes in delivering exceptional, relationship-based service and offers a complete line of products, including residential, commercial and personal loans, deposit services, and wealth management. As of December 31, 2019, we had total assets of $116.3 billion, total deposits of $90.1 billion, total equity of $9.9 billion and wealth management assets under management or administration of $151.0 billion.

As of December 31, 2019, we provided our services through 89 offices, of which 78 are licensed deposit-taking offices primarily in the following areas: San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach and San Diego, California; Portland, Oregon; Boston, Massachusetts; Palm Beach, Florida; Greenwich, Connecticut; New York, New York; and Jackson, Wyoming. We have 11 offices that offer exclusively lending, wealth management or trust services. We have been continuously headquartered in San Francisco since our inception.

Basis of Consolidation

The basis of consolidation used for regulatory reporting is the same as that used under the accounting principles generally accepted in the United States ("GAAP"). There are no subsidiaries that are deconsolidated or deducted from total capital.

See "Basis of Presentation and Organization" in Note 1, "Summary of Significant Accounting Policies" in "Item 8. Financial Statements and Supplementary Data" in the 2019 Form 10-K for more information on the basis of consolidation.

Restrictions on the Transfer of Funds or Regulatory Capital

There are no material restrictions or other major impediments on transfer of funds or total capital within the consolidated group.

Capital of Insurance Subsidiaries

The Bank does not have any insurance subsidiaries.

Compliance with Capital Requirements

As of December 31, 2019, First Republic had capital levels in excess of the minimum regulatory capital requirements and was "well-capitalized" under the prompt corrective action requirements currently in effect. For further detail on capital ratios, see Note 23, "Regulatory Capital" in "Item 8. Financial Statements and Supplementary Data" in the 2019 Form 10-K. At December 31, 2019, each regulated subsidiary met all capital requirements to which it was subject.

First Republic Bank

Basel III Regulatory Capital Disclosures

December 31, 2019

2. Capital Structure

Common equity (i.e., common stock, capital surplus, and retained earnings) is the primary component of the Bank's capital structure. Common equity allows for the absorption of losses on an ongoing basis and is available for this purpose. Further, common equity allows for the conservation of resources during periods of stress, as it provides First Republic with discretion on the amount and timing of dividends and other distributions. Regulators and rating agencies also include forms of capital other than common equity (e.g., preferred stock and subordinated debt) in their calculations of capital adequacy. Such forms of capital are included in the Bank's Tier 1 capital and total capital.

The terms and conditions of the Bank's capital instruments are described in the following sections of the Bank's

2019 Form 10-K:

Common Equity Tier 1 ("CET1") capital - Common stock terms and conditions are described in Note 18, "Common Stock and Stock Plans" in "Item 8. Financial Statements and Supplementary Data."
Additional Tier 1 capital - Preferred stock terms and conditions are described in Note 17, "Preferred Stock" in "Item 8. Financial Statements and Supplementary Data."
Tier 2 capital - Subordinated notes terms and conditions are described in Note 13, "Borrowings" in "Item 8. Financial Statements and Supplementary Data."

The following table presents the components of First Republic's capital structure:

Table 2.1: Capital Structure

($ in thousands)

Shareholders' equity:

Preferred stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Common stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Additional paid-incapital (surplus) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Accumulated other comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Shareholders' equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

CET1 capital adjustments and deductions:

Preferred stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Goodwill and other intangible assets, net of deferred taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Deferred tax assets that arise from net operating loss and tax credit carryforwards, net of deferred tax liabilities . . .

Accumulated other comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

CET1 capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Preferred stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Additional Tier 1 capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Tier 1 capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Tier 2 capital instruments-subordinatednotes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Qualifying allowance for loan losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Tier 2 capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Total risk-basedcapital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

December 31, 2019

1,145,000
1,686

4,214,915

4,484,375

5,131

9,851,107

(1,145,000)

(216,742)

(113,042)

(5,131)

8,371,192

1,145,000

9,516,192

777,885

508,132

1,286,017

10,802,209

First Republic Bank

Basel III Regulatory Capital Disclosures

December 31, 2019

3. Capital Adequacy

The Bank is committed to maintaining a robust capital planning process. The objectives of the Bank's capital planning process are to (a) establish and refine capital goals, (b) determine appropriate capital targets and composition of capital, (c) make decisions about capital actions, and (d) maintain contingency capital plans. The Bank begins its capital planning process with its annual business planning process, including a rolling, multi-year projection of its balance sheet, income statement and key operating and capital ratios based on the current and expected state of the economy and the Bank's expected growth and investment plans.

The business plan allows the Bank to project a baseline case and thereby estimate balance sheet growth, expected earnings and capital resources under expected business conditions.

As described in "Item 1. Business-Supervision and Regulation-Stress Testing" in our 2019 Form 10-K, the Bank is not currently subject to the Dodd-Frank Wall Street Reform and Consumer Protection Act's (the "Dodd-Frank Act") company-run stress testing requirements. Nevertheless, in the normal course of operations, the Bank periodically performs internal capital stress tests in order to (a) translate risk measures into estimates of potential losses over one or more stress scenarios, (b) define available capital resources under one or more stress scenarios and (c) bring together estimates of losses and capital resources under one or more stress scenarios to assess the combined impact on capital adequacy in relation to the Bank's business plans and stated goals for the level and composition of capital and proposed capital actions.

The Board of Directors of the Bank (the "Board") and senior management utilize internal stress testing to better understand the loss-absorption capabilities of the Bank's capital base and to better plan the Bank's capital actions, including new capital issuances and the payment of cash dividends on its common stock. In analyzing the Bank's performance and capital adequacy under stress, the Bank analyzes quarterly projected capital ratios under one or more economic scenarios and compares the results to projected capital ratios under its business plan.

In its capital adequacy assessment, the Bank also incorporates current and pending regulatory requirements, factors in material risks, and builds in appropriate capital buffers to manage against the impact of what we believe to be reasonably foreseeable sources of uncertainty and we seek to ensure adequate capital under stressful conditions. All assessments of capital adequacy are informed by current and relevant analysis and are subject to challenge by senior management and the Board and to regulatory oversight.

The Bank maintains internal controls governing its business planning and capital adequacy assessment processes. Such controls include appropriate policies and procedures, change control processes, model validation, comprehensive documentation, and review by internal audit. The primary objective of such controls and governance procedures is to provide a consistent, thoughtful, transparent, and reviewed process for (a) generating a baseline set of business projections, and (b) estimating hypothetical losses and capital levels under one or more stress scenarios.

First Republic is not subject to the Market Risk requirements (the "Market Risk Capital Rule") under subpart F of the rules issued by the federal banking agencies implementing the Basel Committee on Banking Supervision's capital framework (the "Basel III Capital Rules").

For additional information related to capital requirements, see "Item 1. Business-Supervision and Regulation- Capital Requirements" in our 2019 Form 10-K and "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations-Capital Resources" in our 2019 Form 10-K. First Republic Bank is the top tier parent company of our corporate group and has no bank holding company or any depository institution subsidiaries.

First Republic Bank

Basel III Regulatory Capital Disclosures

December 31, 2019

The following table presents risk-weighted assets by exposure types:

Table 3.1: Basel III Standardized Approach Risk-Weighted Assets

($ in thousands)

On-balance sheet assets:

Exposures to sovereign entities (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exposures to certain supranational entities and multilateral development banks ("MDBs") . . . . . . . . . . . . . . . . . . .

Exposures to depository institutions, foreign banks, and credit unions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exposures to public sector entities ("PSEs") (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exposures to government-sponsoredenterprises ("GSEs") . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Corporate exposures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Residential mortgage exposures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Statutory multifamily mortgages and pre-soldconstruction loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

High volatility commercial real estate ("HVCRE") loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Past due loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Cleared transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Default fund contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Unsettled transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Securitization exposures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Equity exposures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Off-balance sheet exposures:

Loan commitments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Letters of credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

All other off-balancesheet liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Derivative contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Total Standardized Approach Risk-WeightedAssets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

-----

Represents exposures to the U.S. Government and U.S. Government agencies.
Represents exposures to U.S. states and political subdivisions.

December 31, 2019

38,511
-

44,081

6,786,360

629,121

26,960,262

25,973,691

918,915

443,624

76,366

7,613,950

3,639,958

4,627

1,672,220

9,565,703

468,467

30,232

19,855

84,885,943

The following table presents the Bank's risk-based capital ratios:

Table 3.2: Capital Ratios

	December 31,
	2019
CET1 capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	9.86 %
Tier 1 capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	11.21	%
Total capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	12.73	%

First Republic Bank

Basel III Regulatory Capital Disclosures

December 31, 2019

4. Capital Conservation Buffer

A "capital conservation buffer" of 2.5% of risk-weighted assets is also required under the Basel III Capital Rules. The capital conservation buffer is designed to absorb losses during periods of economic stress. Banking institutions with a CET1 capital ratio above the minimum requirement but below the capital conservation buffer will face constraints on dividends, equity repurchases and compensation based on the amount of the shortfall and "eligible retained income" (that is, net income for the four calendar quarters preceding the current calendar quarter, net of any distributions and associated tax effects not already reflected in net income).

The capital conservation buffer of a banking organization is the lowest of the following three ratios:

The CET1 capital ratio minus its minimum CET1 capital ratio;
The tier 1 capital ratio minus its minimum tier 1 capital ratio; and
The total capital ratio minus its minimum total capital ratio.

The following table presents the capital conservation buffer calculations for the Bank:

			December 31, 2019
			Minimum		Capital
	Capital Ratios			Conservation
		Capital Ratios		Buffer
CET1 capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	9.86 %	4.50 %	5.36 %
Tier 1 capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	11.21 %	6.00 %	5.21 %
Total capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	12.73 %	8.00 %	4.73 %

As of December 31, 2019, the Bank's capital conservation buffer was 4.73%, which exceeded the minimum requirement of 2.5%.

There were no limitations on the Bank's distributions or discretionary bonus payments resulting from the capital conservation buffer framework. As of December 31, 2019, the Bank's eligible retained income was $753.2 million.

First Republic Bank

Basel III Regulatory Capital Disclosures

December 31, 2019

5. Credit Risk

Loans

The following credit risk policies are described in "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations-Asset Quality," Note 1, "Summary of Significant Accounting Policies" and Note 4, "Loans and Allowance for Loan Losses" in "Item 8. Financial Statements and Supplementary Data" in the 2019 Form 10-K:

Policy for determining past due or delinquency status
Policy for placing loans on nonaccrual status
Policy for returning loans to accrual status
Definition of and policy for identifying impaired loans
Methodology for estimating allowance for loan losses
Policy for charging off uncollectible amounts

The majority of the Bank's loan portfolio is secured by real estate. A decline in real estate values can negatively impact our ability to recover our investment should the borrower become delinquent. We safeguard against this risk by rarely exceeding a loan-to-value ratio of 80% with respect to real estate lending. Discussion of the Bank's credit risk management process is presented in "Item 1. Business-LendingActivities-Underwriting" and "Item 1. Business-Lending Activities- Credit Risk Management" in the 2019 Form 10-K.

The following table presents the geographical distribution of total loan commitments. The location is based on the property address for real estate secured loans, and the borrower's primary address for other loans.

Table 5.1: Total Loan Commitment by Geographic Location

									December 31, 2019
											Percent of Total Commitment
		Unpaid							San		New	Los				San
				Unfunded		Total		York		Boston
($ in thousands)		Principal				Francisco		Metro	Angeles			Diego	Other		Total
Balance		Commitment		Commitment		Bay Area		Area		Area		Area		Area
Single family (1-4 units) (1) .		$ 47,816,511	$	-	$ 47,816,511		16.6 %	8.6 %		7.0 %	4.3 %	1.2 %		3.4 %	41.1 %
Home equity lines of credit	2,476,296			5,523,407	7,999,703		3.3	1.0		1.2	0.7	0.2		0.5	6.9
Multifamily (5+ units) (1) . .	12,455,356			345,794	12,801,150		4.4	2.3		2.0	0.3	1.1		0.9	11.0
Commercial real estate . . . .	7,546,909			342,856	7,889,765		3.0	1.4		1.2	0.3	0.2		0.7	6.8
Single family construction .	764,923			699,209	1,464,132		0.5	0.2		0.4	0.0	0.1		0.1	1.3
Multifamily/	1,544,241			1,374,031	2,918,272		0.5	0.3		1.1	0.0	0.1		0.4	2.4
commercial construction .
Business . . . . . . . . . . . . . . .	11,659,239			12,298,576	23,957,815		7.7	5.2		2.5	1.6	0.4		3.2	20.6
Stock secured . . . . . . . . . . .	1,893,583			3,117,731	5,011,314		1.1	0.6		0.9	0.4	0.2		1.2	4.4
Other secured . . . . . . . . . . .	1,432,263			1,358,939	2,791,202		0.5	0.9		0.1	0.3	0.0		0.6	2.4
Unsecured . . . . . . . . . . . . . .	3,066,982			713,364		3,780,346		1.0		0.8		0.6		0.3		0.1	0.3	3.1
Total . . . . . . . . . . . . . . .	$ 90,656,303	$	25,773,907	$116,430,210		38.6 %	21.3 %		17.0 %	8.2 %	3.6 %		11.3 %	100.0 %

-----

Includes loans held for sale.

First Republic Bank

Basel III Regulatory Capital Disclosures

December 31, 2019

The following table presents the geographical distribution of the recorded investment in impaired loans and allowance on impaired loans:

Table 5.2: Recorded Investment in Impaired Loans by Geographic Location and Allowance on Impaired Loans

									December 31, 2019
			San		New York			Los			Boston		San Diego
($ in thousands)		Francisco			Metro			Angeles						Other		Total
	Bay Area			Area			Area			Area			Area
Impaired Loans with No Related Allowance
Single family (1-4units) . . . . . . . . . . . . . . . . . . .	$	6,837	$	16,753	$	22,476	$	4,079	$	7,433	$	7,633	$	65,211
Home equity lines of credit . . . . . . . . . . . . . . . . .		1,031			3,998			3,175			615			1,057		464		10,340
Multifamily (5+ units) . . . . . . . . . . . . . . . . . . . . .		10,389			-			-			-			-		-		10,389
Multifamily/commercial construction . . . . . . . . .		-			-			68,856			-			-		-		68,856
Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .		4,973			-			953			-			-		-		5,926
Unsecured . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .		-			-			-			197			-		-		197
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .		23,230			20,751			95,460			4,891			8,490		8,097		160,919
Impaired Loans with Related Allowance
Single family (1-4units) . . . . . . . . . . . . . . . . . . .		-			-			-			-			-		539		539
Commercial real estate . . . . . . . . . . . . . . . . . . . .		-			-			-			-			-		4,500		4,500
Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .		-			-			958			-			-		-		958
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .		-			-			958			-			-		5,039		5,997
Total impaired loans . . . . . . . . . . . . . . . . . . .	$	23,230		$	20,751		$	96,418		$	4,891		$	8,490	$	13,136	$	166,916

Allowance on impaired loans . . . . . . . . . . . . . . . . .	$	-	$	-	$	1	$	-	$	-	$	121	$	122

The following table presents the geographical distribution of the recorded investment in past due loans:

Table 5.3: Recorded Investment in Past Due Loans by Geographic Location

									December 31, 2019
			San		New York			Los			Boston		San Diego
($ in thousands)		Francisco			Metro			Angeles						Other	Total
Bay Area			Area			Area			Area			Area
30 - 89 Days Past Due
Single family (1-4units) . . . . . . . . . . . . . . . . . . . .	$	-	$	17,845	$	8,030	$	2,488	$	2,671	$	1,853	$	32,887
Home equity lines of credit . . . . . . . . . . . . . . . . . .		488			-			1,028			-			-	-	1,516
Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .		177			72			-			-			-	25	274
Stock secured . . . . . . . . . . . . . . . . . . . . . . . . . . . . .		-			-			-			-			-	252	252
Unsecured . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .		-			248			-			30			-	571	849
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .		665			18,165			9,058			2,518			2,671	2,701	35,778
90 Days or More Past Due (1)
Single family (1-4units) . . . . . . . . . . . . . . . . . . . .		-			6,399			1,294			-			-	-	7,693
Home equity lines of credit . . . . . . . . . . . . . . . . . .		154			1,298			351			-			1,050	-	2,853
Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .		-			-			953			-			-	-	953
Other secured . . . . . . . . . . . . . . . . . . . . . . . . . . . . .		-			22			-			-			-	-	22
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .		154			7,719			2,598			-			1,050	-	11,521
Total Past Due Loans . . . . . . . . . . . . . . . . . . . .	$	819	$	25,884	$	11,656	$	2,518	$	3,721	$	2,701	$	47,299

-----

All loans are nonaccrual.

First Republic Bank

Basel III Regulatory Capital Disclosures

December 31, 2019

The following table presents the remaining contractual maturities of loans and unfunded loan commitments:

Table 5.4: Remaining Contractual Maturities of Loans and Unfunded Loan Commitments

						December 31, 2019
($ in thousands)		1 Year or Less			>1 to 5 Years			> 5 Years		Total
Loans (unpaid principal balance) (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .		$	9,581,777	$	8,599,094	$	72,475,432	$	90,656,303
Unfunded loan commitments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .		14,899,210			4,864,010			6,010,687		25,773,907
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	$	24,480,987	$	13,463,104	$	78,486,119	$	116,430,210

-----

Includes loans held for sale.

The following table presents information for business, multifamily and commercial real estate loans by industry or type. For information on other loan categories, refer to Note 4, "Loans and Allowance for Loan Losses" in "Item 8. Financial Statements and Supplementary Data" in the 2019 Form 10-K.

Table 5.5: Business, Multifamily and Commercial Real Estate Loans: Total Commitment by Industry or Type and Recorded Investment in Past Due, Nonaccrual and Impaired Loans by Industry or Type

												December 31, 2019
																		Impaired Loans
						Recorded Investment		Recorded Investment
			Total		30 - 89		90 Days or						Total		With No			With			Related
($ in thousands)				Days		More Past		Nonaccrual		Recorded
Commitment		Past Due			Due		Investment		Allowance		Allowance		Allowance
Business
Private Equity/	$	15,529,658		$	-	$	-	$	1,202		$	1,202	$	1,202	$	-	$	-
Venture Capital Funds . . . . . . .
Schools/Non-profit Organizations		4,229,283			-			-			99			3,771			3,771			-			-
Investment Firms . . . . . . . . . . . . .		988,643			-			-			-		-			-			-			-
Real Estate Related Entities . . . .		904,076			199			-			-		-			-			-			-
Professional Service Firms . . . . .		438,278			25			-			123			958			-			958			1
Aviation/Marine . . . . . . . . . . . . .		372,603			-			-			-		-			-			-			-
Vineyards/Wine . . . . . . . . . . . . . .		258,205			-			-			-		-			-			-			-
Clubs and Membership		235,096			-			-			-		-			-			-			-
Organizations . . . . . . . . . . . . . .
Entertainment Industry . . . . . . . .		108,542			-			953			953			953			953			-			-
Other . . . . . . . . . . . . . . . . . . . . . .		893,431			50			-			344			-			-			-			-
Total . . . . . . . . . . . . . . . . . . . . .	$	23,957,815		$	274	$	953	$	2,721		$	6,884	$	5,926	$	958	$	1
Multifamily and

Commercial Real Estate
Multifamily (1) . . . . . . . . . . . . . . .	$	12,801,150		$	-	$	-	$	-	$	10,389	$	10,389	$	-	$	-
Mixed Use . . . . . . . . . . . . . . . . . .		2,069,579			-			-			-		-			-			-			-
Retail . . . . . . . . . . . . . . . . . . . . . .		1,921,341			-			-			-		4,500			-			4,500			112
Office . . . . . . . . . . . . . . . . . . . . . .		1,919,825			-			-			-		-			-			-			-
Warehouse/Industrial . . . . . . . . .		771,735			-			-			-		-			-			-			-
Hotel/Motel . . . . . . . . . . . . . . . . .		410,451			-			-			-		-			-			-			-
Healthcare Facility . . . . . . . . . . .		211,076			-			-			-		-			-			-			-
Other . . . . . . . . . . . . . . . . . . . . . .		585,758			-			-			-			-			-			-			-
Total . . . . . . . . . . . . . . . . . . . . .	$	20,690,915		$	-	$	-	$	-	$	14,889	$	10,389	$	4,500	$	112
-----

(1) Includes loans held for sale.

First Republic Bank

Basel III Regulatory Capital Disclosures

December 31, 2019

Investment Securities

The Bank conducts a regular assessment of its investment securities portfolio to determine whether securities are other-than-temporarily impaired considering, among other factors, the nature of the securities, credit ratings or financial condition of the issuer, the extent and duration of the unrealized loss, expected cash flows, market conditions and the Bank's ability to hold the securities through the anticipated recovery period.

For information on credit exposures related to investment securities, refer to Note 3, "Investment Securities" in "Item 8. Financial Statements and Supplementary Data" in the 2019 Form 10-K.

6. Counterparty Credit Risk-Related Exposures

The Bank has exposure to various counterparties and routinely executes transactions with the Bank's clients and counterparties in the financial services industry, including commercial banks, brokers, dealers and investment banks. Such transactions may expose the Bank to credit risk in the event of a default by a counterparty. In addition, the Bank's credit risk may be increased in the event that any collateral that the Bank holds cannot be realized upon or is liquidated at prices not sufficient to recover the full amount of the credit or derivative exposure due to the Bank. The Bank posts collateral to certain counterparties to secure exposures to those counterparties. These collateral agreements do not require that additional collateral be posted in the event that the Bank experiences a deterioration in its creditworthiness. In accordance with internal policy on limitations on counterparty exposures, the Bank evaluates its collateral positions on a regular basis as part of its ongoing monitoring of counterparty exposures.

Foreign Exchange Contracts

The Bank has freestanding derivative assets and liabilities, which consist of foreign exchange contracts executed with clients in which the Bank offsets the client exposure with a financial institution counterparty. The Bank does not retain significant foreign exchange risk. The Bank does retain credit risk, both to the client and the financial institution counterparty, which is evaluated and managed by the Bank in the normal course of its operations. In addition, the Bank has foreign exchange contracts associated with client deposits denominated in various foreign currencies. Management does not currently anticipate non-performance by any of the counterparties.

Counterparties in foreign exchange derivative contracts are either First Republic clients or financial institution counterparties. The Bank is exposed to the risk that the client or financial institution counterparty will not fulfill its transaction obligations. Such credit risk is not significant and is typically addressed by establishing a credit limit for the client or financial institution.

Client credit limits are based primarily on credit guidelines established and monitored by the Bank and take into account the client's outstanding debt and general creditworthiness, and collateral held by the Bank. Financial institution counterparty credit risk is managed through credit, contract and settlement limits established and monitored by the Bank. To mitigate this risk, the Bank enters into master netting and bilateral collateral agreements with certain counterparties. These agreements allow the Bank to settle its derivative contracts with such counterparties on a net basis and to offset the net derivative exposure against the related collateral in the event of default. Daily collateral management activities are performed by the Bank in accordance with bilateral netting agreements. Currently, the primary form of collateral related to foreign exchange contracts with clients and financial institution counterparties is cash.

Interest Rate Contracts

The Bank originates certain mortgage loans with the intention of selling these loans to investors. The Bank enters into commitments to originate the loans whereby the interest rate on the loan paid by the borrower is set prior to funding ("interest rate lock commitments"). Such interest rate lock commitments are accounted for as freestanding derivative instruments that do not qualify as hedges. However, the interest rate exposure is economically hedged by the forward loan sale commitment to the investor. Credit risk associated with these interest rate contracts is nominal.

First Republic Bank

Basel III Regulatory Capital Disclosures

December 31, 2019

The following table presents the Bank's over-the-counter derivatives:

Table 6.1: Over-the-Counter Derivatives

						December 31, 2019
($ in thousands)			Notional or			Fair Value (1)	Net Unsecured Credit
Contractual Amount (1)					Exposure (2)
Foreign exchange contracts . . . . . . . . . . . . . . . . . . . . . .	$	4,052,674	$	39,235	$	3,299
Interest rate contracts . . . . . . . . . . . . . . . . . . . . . . . . . .		33,414			5		5
Total over-the-counter derivatives . . . . . . . . . . . . . .	$	4,086,088	$	39,240	$	3,304

-----

Excludes written options and spot contracts for regulatory capital purposes.
Represents the amount of credit exposure that is reduced due to the netting of offsetting positive and negative exposures where a valid master netting agreement exists, and collateral is held.

Collateral Held

With respect to the Bank's counterparty credit risk, the primary form of collateral is cash. At December 31, 2019, the fair value of cash collateral accepted by the Bank as part of foreign exchange derivative activities was $33.5 million.

7. Credit Risk Mitigation

The Bank uses various strategies to mitigate counterparty credit risk, including establishing credit risk appetite measures and setting internal policy limits on acceptable levels of exposure to each counterparty, although there can be no assurance that these strategies will be successful under all circumstances. The Bank also obtains collateral from derivatives counterparties to manage overall credit risk. Refer to Section 6, "Counterparty Credit Risk-RelatedExposures-Collateral Held" within this document for discussion of collateral related to derivative counterparties.

Certain exposures within the Bank's investment securities portfolio are issued or guaranteed by the U.S. Government, U.S. Government agencies or U.S. Government-sponsored agencies. The following table presents the investment securities exposures that are covered by guarantees and the risk-weighted asset amount associated with such exposures:

Table 7.1: Exposures Covered by Guarantees

			December 31, 2019
			Exposure		Risk-Weighted
($ in thousands)			Amount (1)		Asset Amount
Debt securities available-for-sale:
Agency residential mortgage-backedsecurities ("MBS") (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	$	367,671	$	72,453
Agency commercial MBS (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .		857,754			38,205
Debt securities held-to-maturity:
U.S. Government-sponsoredagency securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .		368,065			73,613
Agency residential MBS (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .		2,224,252			444,850
Agency commercial MBS (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .		3,295,317			-
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	$	7,113,059	$	629,121

-----

Since the Bank has made the accumulated other comprehensive income ("AOCI") opt-out election, the available-for-sale exposure amounts for purposes of risk weighting is the carrying value of the security less any unrealized gain on the exposure plus any unrealized loss on the exposure included in AOCI.
Issued or guaranteed by U.S. Government agencies or U.S. Government-sponsored agencies.

First Republic Bank

Basel III Regulatory Capital Disclosures

December 31, 2019

8. Securitization

As of December 31, 2019, the Bank has securitization exposures related to its investments in non-agency residential mortgage backed securities created by third parties, which totaled $4.2 million. For these securitization exposures, the Bank calculates the regulatory capital requirements in accordance with the Simplified Supervisory Formula Approach ("SSFA") to determine the risk-weighting for these assets, which considers the Bank's seniority in the securitization structure and risk factors inherent in the underlying assets.

The following table presents the Bank's securitization exposures by risk weight range for the non-agency residential mortgage-backed securities created by third parties:

Table 8.1: Securitization Exposures by Risk Weight Range

						December 31, 2019
($ in thousands)			On-Balance Sheet			Risk-Weighted Asset	Capital Requirement (2)
	Exposure (1)			Amount (SSFA)
0% through 100% . . . . . . . . . . . . . . . . . . . . . . . . . .	$	473	$	449	$	36
Greater than 100% through 1,250% . . . . . . . . . . . . .		3,691			4,178		334
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	$	4,164	$	4,627	$	370
-----

Since the Bank has made the AOCI opt-out election, the available-for-sale exposure amounts for purposes of risk weighting is the carrying value of the security less any unrealized gain on the exposure plus any unrealized loss on the exposure included in AOCI.
Calculated by multiplying the risk-weighted asset by the total risk-based capital ratio of 8%, which represents the minimum to be adequately capitalized.

9. Equity Exposures not Subject to Market Risk Capital Rule

The Bank's equity exposures, which are not subject to the Market Risk Capital Rule, include the following investments:

Federal Home Loan Bank ("FHLB") stock: FHLB stock is redeemable at par and recorded at cost, which approximates fair value. FHLB stock is a statutory investment required by regulation as part of FHLB membership.

Low income housing tax credit investments: Low income housing tax credit investments are accounted for using a proportional amortization method, whereby the initial cost of the Bank's low income housing tax credit investments is amortized over the life of the investment. Under the proportional amortization method, amortization expense recognized in each period is based on the amount of tax credits and other tax benefits for the period as a percentage of expected total tax credits and other tax benefits of the investment. Amortization expense is presented as a component of provision for income taxes on the statement of income. Such investments are designed to generate a return primarily through the realization of federal tax credits.

Investments in mutual funds and marketable equity securities: Mutual funds and marketable equity securities have readily determinable fair values and are recorded at fair value, with changes in fair value recognized in earnings.

Other investments: Other investments consist of equity investments without readily determinable fair values. These investments are accounted for under the equity method or at cost less impairment, adjusted for observable price changes of the same or similar investment. Equity method investments are recorded at cost and subsequently adjusted for allocated earnings or losses, as well as for cash distributions. Such investments are periodically evaluated for impairment.

Latent revaluation gains and losses are unrealized gains and losses, which are not recognized in the Bank's balance sheets or statements of income and comprehensive income. Since the carrying value of the Bank's equity method investments and non-marketable equity securities approximates their fair value, management believes that any unrealized latent revaluation gains or losses that may exist are immaterial.

First Republic Bank

Basel III Regulatory Capital Disclosures

December 31, 2019

Investments in separate account life insurance: Investments in separate account life insurance are initially recorded at cost and the carrying value of the investment is subsequently adjusted quarterly to its cash surrender value. The Bank recognizes the resulting income or loss in noninterest income. The carrying amount of investments in separate account life insurance reflects the total cash surrender value of each policy, which approximates fair value.

The following table presents capital requirements for equity exposures:

Table 9.1: Equity Exposures by Type and Risk Weight

						December 31, 2019
			Non-Publicly			Publicly			Risk-Weighted		Capital
($ in thousands)		Traded			Traded			Asset
	Exposures (1)			Exposures (1)			Amount		Requirements (2)
Simple Risk Weight Approach: (3)
20% risk weight:
FHLB stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	$	367,943	$	-	$	73,589	$	5,887
100% risk weight:
Low income housing tax credit investments . . . . .		1,100,509			-			1,100,509		88,041
Marketable equity securities . . . . . . . . . . . . . . . . . .		-			1,725			1,725		138
Other investments . . . . . . . . . . . . . . . . . . . . . . . . . .		72,921			-			72,921		5,834
Other Risk-Weighting Approaches: (4)
Investments in separate account life insurance . . . .		61,291			-			419,904		33,592
Mutual funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .		-			17,861			3,572		286
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	$	1,602,664	$	19,586	$	1,672,220	$	133,778
-----

For non-publicly traded exposures, the amount represents cost. For publicly traded exposures, the amount represents fair value.
Calculated by multiplying the risk-weighted asset by the total risk-based capital ratio of 8%, which represents the minimum to be adequately capitalized.
The Bank applies the simple risk-weight approach to equity exposures that are not mutual funds or other investment funds.
The Bank applies the full look-through, simple modified look-through or alternative modified look-through approach to equity exposures that are mutual funds and other investment funds.

There were no net realized gains or losses arising from sales and liquidations of any equity exposures for the quarter ended December 31, 2019.

10. Interest Rate Risk for Non-Trading Activities

See "Interest Rate Risk Management" in "Item 7A. Quantitative and Qualitative Disclosures About Market Risk" in the 2019 Form 10-K for information on interest rate risk for non-trading activities.

First Republic Bank

Basel III Regulatory Capital Disclosures

December 31, 2019

Information Regarding Forward-Looking Statements

This document and our 2019 Form 10-K contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this document and our 2019 Form 10-K that are not historical facts are hereby identified as "forward-looking statements" for the purpose of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Any statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward- looking. These statements are often, but not always, made through the use of words or phrases such as "anticipates," "believes," "can," "could," "may," "predicts," "potential," "should," "will," "estimates," "plans," "projects," "continuing," "ongoing," "expects," "intends" and similar words or phrases. Accordingly, these statements are only predictions and involve estimates, known and unknown risks, assumptions and uncertainties. Our actual results could differ materially from those expressed or anticipated in such forward-looking statements as a result of risks and uncertainties more fully described under "Item 1A. Risk Factors" in our 2019 Form 10-K.

Forward-looking statements involving such risks and uncertainties include, but are not limited to, statements regarding: projections of loans, assets, deposits, liabilities, revenues, expenses, tax liabilities, net income, capital expenditures, liquidity, dividends, capital structure, investments or other financial items; expectations regarding the banking and wealth management industries; descriptions of plans or objectives of management for future operations, products or services; forecasts of future economic conditions generally and in our market areas in particular, which may affect the ability of borrowers to repay their loans and the value of real property or other property held as collateral for such loans; our opportunities for growth and our plans for expansion (including opening new offices); expectations about the performance of any new offices; projections about the amount and the value of intangible assets, as well as amortization of recorded amounts; future provisions for credit losses on loans and debt securities; changes in nonperforming assets; projections about future levels of loan originations or loan repayments; projections regarding costs, including the impact on our efficiency ratio; and descriptions of assumptions underlying or relating to any of the foregoing. Factors that could cause actual results to differ from those discussed in the forward-looking statements include, but are not limited to: significant competition to attract and retain banking and wealth management customers, from both traditional and non-traditional financial services and technology companies; our ability to recruit and retain key managers, employees and board members; the possibility of earthquakes, fires and other natural disasters affecting the markets in which we operate; interest rate risk and credit risk; our ability to maintain and follow high underwriting standards; economic and market conditions, including those affecting the valuation of our investment securities portfolio and credit losses on our loans and debt securities; real estate prices generally and in our markets; our geographic and product concentrations; demand for our products and services; developments and uncertainty related to the future use and availability of reference rates, such as the London Interbank Offered Rate and the 11th District Monthly Weighted Average Cost of Funds Index, as well as other alternative reference rates; the regulatory environment in which we operate, our regulatory compliance and future regulatory requirements; any future changes to regulatory capital requirements; legislative and regulatory actions affecting us and the financial services industry, such as the Dodd-Frank Act, including increased compliance costs, limitations on activities and requirements to hold additional capital, as well as changes to the Dodd-Frank Act pursuant to the Economic Growth, Regulatory Relief, and Consumer Protection Act; our ability to avoid litigation and its associated costs and liabilities; future FDIC special assessments or changes to regular assessments; fraud, cybersecurity and privacy risks; and custom technology preferences of our customers and our ability to successfully execute on initiatives relating to enhancements of our technology infrastructure, including client-facing systems and applications.

For a discussion of these and other risks and uncertainties, see "Item 1A. Risk Factors" in our 2019 Form 10-K and any subsequent reports filed by First Republic under the Exchange Act. These filings are available in the Investor Relations section of our website. All forward-looking statements are necessarily only estimates of future results, and there can be no assurance that actual results will not differ materially from expectations, and, therefore, you are cautioned not to place undue reliance on such statements. Any forward-looking statements are qualified in their entirety by reference to the factors discussed in our 2019 Form 10-K and our other public filings under the Exchange Act. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.

First Republic Bank

Basel III Regulatory Capital Disclosures

December 31, 2019

Exhibit A: Cross-Reference Table

				Basel III
				Regulatory
				Capital	Form
		Disclosure Requirement	Disclosure Location	Disclosures
		Page	10-K Page
Table 1 - Scope of Application
	Qualitative Disclosures
	(a)	The name of the top corporate entity in the group to which	Basel III Regulatory Capital Disclosures:
		subpart D of this part applies.	1. Introduction	3
			2019 Form 10-K:		4-5
			- Item 1. Business-General
			- Item 8. Financial Statements and Supplementary Data:		108
			Note 1. Summary of Significant Accounting Policies

	(b)	A brief description of the differences in the basis for	Not applicable. The Bank does not have a difference in the
		consolidating entities for accounting and regulatory	basis of consolidation for accounting and regulatory
		purposes, with a description of those entities:	purposes.
		(1) That are fully consolidated;	Basel III Regulatory Capital Disclosures:
		(2) That are deconsolidated and deducted from total	1. Introduction	3
		capital;
		(3) For which the total capital requirement is deducted; and

		(4) That are neither consolidated nor deducted (for
		example, where the investment in the entity is assigned a
		risk weight in accordance with this subpart).
	(c)	Any restrictions, or other major impediments, on transfer	Basel III Regulatory Capital Disclosures:	3
		of funds or total capital within the group.	1. Introduction

	Quantitative Disclosures
	(d)	The aggregate amount of surplus capital of insurance	Not applicable. The Bank does not have insurance
		subsidiaries included in the total capital of the consolidated	subsidiaries.
		group.	Basel III Regulatory Capital Disclosures:
			3
			1. Introduction

	(e)	The aggregate amount by which actual total capital is less	Not applicable. Actual total capital exceeds the minimum
		than the minimum total capital requirement in all	total capital requirements.
		subsidiaries, with total capital requirements and the	Basel III Regulatory Capital Disclosures:
		name(s) of the subsidiaries with such deficiencies.	3
			1. Introduction

	Table	2 - Capital Structure
	Qualitative Disclosures
	(a)	Summary information on the terms and conditions of the	Basel III Regulatory Capital Disclosures:	4
		main features of all regulatory capital instruments.	2. Capital Structure

2019 Form 10-K:

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations-Capital

Resources		98-100
- Item 8. Financial Statements and Supplementary Data:	142-143
Note 13.	Borrowings
Note 17.	Preferred Stock	152-153
Note 18.	Common Stock and Stock Plans	154-159

First Republic Bank

Basel III Regulatory Capital Disclosures

December 31, 2019

		Basel III
		Regulatory
		Capital	Form
Disclosure Requirement	Disclosure Location	Disclosures
Page	10-K Page

Table 2 - Capital Structure (continued)

Quantitative Disclosures

The amount of common equity tier 1 capital, with separate disclosure of:
1. Common stock and related surplus;
2. Retained earnings;
3. Common equity minority interest;
4. AOCI; and
5. Regulatory adjustments and deductions made to common equity tier 1 capital.
The amount of tier 1 capital, with separate disclosure of:
1. Additional tier 1 capital elements, including additional tier 1 capital instruments and tier 1 minority interest not included in common equity tier 1 capital; and
2. Regulatory adjustments and deductions made to tier 1 capital.
The amount of total capital, with separate disclosure of:
1. Tier 2 capital elements, including tier 2 capital instruments and total capital minority interest not included in tier 1 capital; and
2. Regulatory adjustments and deductions made to total capital.

Basel III Regulatory Capital Disclosures:
Table 2.1: Capital Structure	4

2019 Form 10-K:

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations-Capital

Resources

98-100

12/31/2019 Call Report:

- Schedule RC-R

Table 3 - Capital Adequacy

Qualitative Disclosures

(a)	A summary discussion of the FDIC-supervised institution's	Basel III Regulatory Capital Disclosures:
	approach to assessing the adequacy of its capital to support	3. Capital Adequacy	5
	current and future activities.	2019 Form 10-K:

			- Item 1. Business-Supervision and Regulation-Capital		16-17
			Requirements
			- Item 7. Management's Discussion and Analysis of
			Financial Condition and Results of Operations-Capital		98-100
			Resources
Quantitative Disclosures
(b)	Risk-weighted assets for:	Basel III Regulatory Capital Disclosures:
	(1)	Exposures to sovereign entities;	Table 3.1: Basel III Standardized Approach Risk-Weighted
	Assets	6
	(2)	Exposures to certain supranational entities and MDBs;
	12/31/2019 Call Report:
	(3)	Exposures to depository institutions, foreign banks, and
	- Schedule RC-R
	credit unions;
	(4)	Exposures to PSEs;
	(5)	Corporate exposures;
	(6)	Residential mortgage exposures;
	(7)	Statutory multifamily mortgages and pre-sold
	construction loans;
	(8)	HVCRE exposures;
	(9)	Past due loans;
	(10) Other assets;
	(11) Cleared transactions;
	(12) Default fund contributions;
	(13) Unsettled transactions;
	(14) Securitization exposures; and
	(15) Equity exposures.
(c)	Standardized market risk-weighted assets as calculated	Not applicable. The Bank is not subject to Subpart F
	under subpart F of this part.	(Market Risk Capital Rule) requirements.
			Basel III Regulatory Capital Disclosures:	5
			3. Capital Adequacy

First Republic Bank

Basel III Regulatory Capital Disclosures

December 31, 2019

				Basel III
				Regulatory
				Capital	Form
		Disclosure Requirement	Disclosure Location	Disclosures
		Page	10-K Page
Table 3 - Capital Adequacy (continued)
	(d)	Common equity tier 1, tier 1 and total risk-based capital	Basel III Regulatory Capital Disclosures:
		ratios:	Table 3.2: Capital Ratios	6
			2019 Form 10-K:
			- Item 7. Management's Discussion and Analysis of
			Financial Condition and Results of Operations-Capital
		(1) For the top consolidated group; and	Resources		100
			- Item 8. Financial Statements and Supplementary Data:		165
			Note 23. Regulatory Capital
			12/31/2019 Call Report:
			- Schedule RC-R
		(2) For each depository institution subsidiary.	Not applicable. The Bank's subsidiaries are not depository
			institutions.
			Basel III Regulatory Capital Disclosures:	5
			3. Capital Adequacy
	(e)	Total standardized risk-weighted assets.	Basel III Regulatory Capital Disclosures:
			Table 3.1: Basel III Standardized Approach Risk-Weighted	6
			Assets
			2019 Form 10-K:
			- Item 7. Management's Discussion and Analysis of
			Financial Condition and Results of Operations-Capital		100
			Resources

			- Item 8. Financial Statements and Supplementary Data:		165
			Note 23. Regulatory Capital

			12/31/2019 Call Report:
			- Schedule RC-R
	Table	4 - Capital Conservation Buffer
	Quantitative Disclosures
	(a)	At least quarterly, the FDIC-supervised institution must	Basel III Regulatory Capital Disclosures:	7
		calculate and publicly disclose the capital conservation	4. Capital Conservation Buffer
		buffer as described under § 324.11.	2019 Form 10-K:

			- Item 7. Management's Discussion and Analysis of
			Financial Condition and Results of Operations-Capital		100
			Resources
			- Item 8. Financial Statements and Supplementary Data:		165
			Note 23. Regulatory Capital
			12/31/2019 Call Report:
			- Schedule RC-R
	(b)	At least quarterly, the FDIC-supervised institution must	Basel III Regulatory Capital Disclosures:
		calculate and publicly disclose the eligible retained income	4. Capital Conservation Buffer	7
		of the FDIC-supervised institution, as described under
		§ 324.11.
	(c)	At least quarterly, the FDIC-supervised institution must	Basel III Regulatory Capital Disclosures:	7
		calculate and publicly disclose any limitations it has on	4. Capital Conservation Buffer
		distributions and discretionary bonus payments resulting
		from the capital conservation buffer framework described
		under § 324.11, including the maximum payout amount for
		the quarter.

First Republic Bank

Basel III Regulatory Capital Disclosures

December 31, 2019

		Basel III
		Regulatory
		Capital	Form
Disclosure Requirement	Disclosure Location	Disclosures
Page	10-K Page

Table 5 - Credit Risk

Qualitative Disclosures

The general qualitative disclosure requirement with respect to credit risk (excluding counterparty credit risk disclosed in accordance with Table 6 to § 324.63), including the:
1. Policy for determining past due or delinquency status;
2. Policy for placing loans on nonaccrual;
3. Policy for returning loans to accrual status;
4. Definition of and policy for identifying impaired loans (for financial accounting purposes);
5. Description of the methodology that the FDIC- supervised institution uses to estimate its allowance for loan and lease losses or adjusted allowance for credit losses, as applicable, including statistical methods used where applicable;
6. Policy for charging-off uncollectible amounts; and
7. Discussion of the FDIC-supervised institution's credit risk management policy.


Basel III Regulatory Capital Disclosures:	8
5.	Credit Risk-Loans
5.	Credit Risk-Investment Securities	11
2019 Form 10-K:	9-10
- Item 1.	Business-Underwriting
- Item 1.	Business-Credit Risk Management	10-11

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations-Balance

Sheet Analysis-Asset Quality

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations-Balance

Sheet Analysis-Allowance for Loan Losses	89
- Item 8. Financial Statements and Supplementary Data:	109-110
Note 1.	Summary of Significant Accounting Policies
Note 3.	Investment Securities	119
Note 4.	Loans and Allowance for Loan Losses	126-127

Quantitative Disclosures

(b)	Total credit risk exposures and average credit risk	Basel III Regulatory Capital Disclosures:
	exposures, after accounting offsets in accordance with	Table 5.1: Total Loan Commitment by Geographic	8
	GAAP, without taking into account the effects of credit	Location
	risk mitigation techniques (for example, collateral and	2019 Form 10-K:
	netting not permitted under GAAP), over the period
	categorized by major types of credit exposure. For	- Item 7. Management's Discussion and Analysis of
	example, FDIC-supervised institutions could use	Financial Condition and Results of Operations-Results of
	categories similar to that used for financial statement	Operations-Net Interest Income and Net Interest Margin	59-61
	purposes. Such categories might include, for instance:	-Yields/Rates
		- Item 7. Management's Discussion and Analysis of
	(1) Loans, off-balance sheet commitments, and other non-
	Financial Condition and Results of Operations-Balance
	derivative off-balance sheet exposures;	79-88
	Sheet Analysis-Loan Portfolio
	(2) Debt securities; and	- Item 8. Financial Statements and Supplementary Data:	116-120
		Note 3. Investment Securities
		Note 4. Loans and Allowance for Loan Losses	121-132
		12/31/2019 Call Report:
		- Schedule RC-B
		- Schedule RC-C
		- Schedule RC-L

	(3) OTC derivatives.	Not applicable. Credit risk exposures related to over-the-
		counter derivatives are not significant.
(c)	Geographic distribution of exposures, categorized in	Basel III Regulatory Capital Disclosures:
	significant areas by major types of credit exposure.	Table 5.1: Total Loan Commitment by Geographic	8
		Location
		2019 Form 10-K:
		- Item 7. Management's Discussion and Analysis of
		Financial Condition and Results of Operations-Balance	79
		Sheet Analysis-Loan Portfolio

(d)	Industry or counterparty type distribution of exposures,	Basel III Regulatory Capital Disclosures:
	categorized by major types of credit exposure.	- Table 5.1: Total Loan Commitment by Geographic	8
		Location
		- Table 5.5: Business, Multifamily and Commercial Real
		Estate Loans: Total Commitment by Industry or Type and
		Recorded Investment in Past Due and Impaired Loans by	10
		Industry or Type

12/31/2019 Call Report:

Schedule RC-B
Schedule RC-C
Schedule RC-L

First Republic Bank

Basel III Regulatory Capital Disclosures

December 31, 2019

		Basel III
		Regulatory
		Capital	Form
Disclosure Requirement	Disclosure Location	Disclosures
Page	10-K Page

Table 5 - Credit Risk (continued)

By major industry or counterparty type:

	(1) Amount of impaired loans for which there was a related	Basel III Regulatory Capital Disclosures:
	allowance under GAAP;	Table 5.5: Business, Multifamily and Commercial Real
		Estate Loans: Total Commitment by Industry or Type and
	(2) Amount of impaired loans for which there was no
	Recorded Investment in Past Due and Impaired Loans by
	related allowance under GAAP;
	Industry or Type	10
	(3) Amount of loans past due 90 days and on nonaccrual;	2019 Form 10-K:

		- Item 8. Financial Statements and Supplementary Data:	122, 130
		Note 4. Loans and Allowance for Loan Losses
	(4) Amount of loans past due 90 days and still accruing;

	(5) The balance in the allowance for loan and lease losses	2019 Form 10-K:
	or adjusted allowance for credit losses, as applicable, at the	- Item 8. Financial Statements and Supplementary Data:	128
	end of each period, disaggregated on the basis of the	Note 4. Loans and Allowance for Loan Losses
	FDIC-supervised institution's impairment method. To	12/31/2019 Call Report:
	disaggregate the information required on the basis of
	impairment methodology, an entity shall separately	- Schedule RI-C
	disclose the amounts based on the requirements in GAAP;
	and
	(6) Charge-offs during the period.	2019 Form 10-K:
		- Item 8. Financial Statements and Supplementary Data:	128
		Note 4. Loans and Allowance for Loan Losses
		12/31/2019 Call Report:
		- Schedule RI-B
(f)	Amount of impaired loans and, if available, the amount of	Basel III Regulatory Capital Disclosures:
	past due loans categorized by significant geographic areas	- Table 5.2: Recorded Investment in Impaired Loans by	9
	including, if practical, the amounts of allowances related to	Geographic Location and Allowance on Impaired Loans
	each geographical area, further categorized as required by	- Table 5.3: Recorded Investment in Past Due Loans by	9
	GAAP.	Geographic Location
(g)	Reconciliation of changes in ALLL or AACL, as	2019 Form 10-K:
	applicable.	- Item 8. Financial Statements and Supplementary Data:	128
		Note 4. Loans and Allowance for Loan Losses
		12/31/2019 Call Report:
		- Schedule RI-B
(h)	Remaining contractual maturity delineation (for example,	Basel III Regulatory Capital Disclosures:
	one year or less) of the whole portfolio, categorized by	Table 5.4: Remaining Contractual Maturities of Loans and	10
	credit exposure.	Unfunded Loan Commitments

2019 Form 10-K:

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations-Balance

Sheet Analysis-Investments	78
- Item 8. Financial Statements and Supplementary Data:	120
Note 3. Investment Securities
12/31/2019 Call Report:
- Schedule RC-B

First Republic Bank

Basel III Regulatory Capital Disclosures

December 31, 2019

				Basel III
				Regulatory
				Capital	Form
		Disclosure Requirement	Disclosure Location	Disclosures
		Page	10-K Page
Table 6 - Counterparty Credit Risk-Related Exposures
	Qualitative Disclosures
	(a)	The general qualitative disclosure requirement with respect	Basel III Regulatory Capital Disclosures:	11
		to OTC derivatives, eligible margin loans, and repo-style	6. Counterparty Credit Risk-Related Exposures
		transactions, including a discussion of:	2019 Form 10-K:
		(1) The methodology used to assign credit limits for
		- Item 8. Financial Statements and Supplementary Data:
		counterparty credit exposures;		114
		Note 1. Summary of Significant Accounting Policies
		(2) Policies for securing collateral, valuing and managing	Note 14. Derivative Financial Instruments		143-144
		collateral, and establishing credit reserves;
		(3) The primary types of collateral taken; and

		(4) The impact of the amount of collateral the FDIC-	Not applicable. Collateral agreements do not require that
		supervised institution would have to provide given a	additional collateral be posted in the event that the Bank
		deterioration in the FDIC-supervised institution's own	experiences a deterioration in its creditworthiness.
		creditworthiness.	Basel III Regulatory Capital Disclosures:
			11
			6. Counterparty Credit Risk-Related Exposures

	Quantitative Disclosures
	(b)	Gross positive fair value of contracts, collateral held	Basel III Regulatory Capital Disclosures:	12
		(including type, for example, cash, government securities),	Table 6.1: Over-the-Counter Derivatives
		and net unsecured credit exposure. An FDIC-supervised	6. Counterparty Credit Risk-Related Exposures	12
		institution also must disclose the notional value of credit	2019 Form 10-K:
		derivative hedges purchased for counterparty credit risk
		protection and the distribution of current credit exposure	- Item 8. Financial Statements and Supplementary Data:		143-144
		by exposure type.	Note 14. Derivative Financial Instruments

	(c)	Notional amount of purchased and sold credit derivatives,	Not applicable. The Bank does not have credit derivatives.
		segregated between use for the FDIC-supervised
		institution's own credit portfolio and in its intermediation
		activities, including the distribution of the credit derivative
		products used, categorized further by protection bought
		and sold within each product group.

Table 7 - Credit Risk Mitigation

Qualitative Disclosures

The general qualitative disclosure requirement with respect to credit risk mitigation, including:
1. Policies and processes for collateral valuation and management;
2. A description of the main types of collateral taken by the FDIC-supervised institution;
3. The main types of guarantors/credit derivative counterparties and their creditworthiness; and
4. Information about (market or credit) risk concentrations with respect to credit risk mitigation.

Basel III Regulatory Capital Disclosures:	12
7. Credit Risk Mitigation
2019 Form 10-K:
- Item 8. Financial Statements and Supplementary Data:		114
Note 1. Summary of Significant Accounting Policies
Note 14. Derivative Financial Instruments		143-144

Quantitative Disclosures

(b)	For each separately disclosed credit risk portfolio, the total	Basel III Regulatory Capital Disclosures:	12
	exposure that is covered by eligible financial collateral,	6. Counterparty Credit Risk-Related Exposures
	and after the application of haircuts.

(c)	For each separately disclosed portfolio, the total exposure	Basel III Regulatory Capital Disclosures:	12
	that is covered by guarantees/credit derivatives and the	Table 7.1: Exposures Covered by Guarantees
	risk-weighted asset amount associated with that exposure.

First Republic Bank

Basel III Regulatory Capital Disclosures

December 31, 2019

		Basel III
		Regulatory
		Capital	Form
Disclosure Requirement	Disclosure Location	Disclosures
Page	10-K Page
Table 8 - Securitization
Qualitative Disclosures
(a) The general qualitative disclosure requirement with respect	Not applicable. In 2019, the Bank did not have any
to a securitization (including synthetic securitizations),	securitization activities.
including a discussion of:

The FDIC-supervised institution's objectives for securitizing assets, including the extent to which these activities transfer credit risk of the underlying exposures away from the FDIC-supervised institution to other entities and including the type of risks assumed and retained with resecuritization activity;
The nature of the risks (e.g. liquidity risk) inherent in the securitized assets;
The roles played by the FDIC-supervised institution in the securitization process and an indication of the extent of the FDIC-supervised institution's involvement in each of them;
The processes in place to monitor changes in the credit and market risk of securitization exposures including how those processes differ for resecuritization exposures;
The FDIC-supervised institution's policy for mitigating the credit risk retained through securitization and resecuritization exposures; and
The risk-based capital approaches that the FDIC- supervised institution follows for its securitization exposures including the type of securitization exposure to which each approach applies.

(b)	A list of:	Not applicable. In 2019, the Bank did not have any
			securitization activities.
	(1)	The type of securitization SPEs that the FDIC-
	supervised institution, as sponsor, uses to securitize third-
	party exposures. The FDIC-supervised institution must
	indicate whether it has exposure to these SPEs, either on-
	or off- balance sheet; and
	(2)	Affiliated entities:
	(i) That the FDIC-supervised institution manages or
	advises; and
	(ii) That invest either in the securitization exposures that
	the FDIC-supervised institution has securitized or in
	securitization SPEs that the FDIC-supervised institution
	sponsors.
(c)	Summary of the FDIC-supervised institution's accounting	Not applicable. In 2019, the Bank did not have any
	policies for securitization activities, including:	securitization activities.
	(1)	Whether the transactions are treated as sales or
	financings;
	(2)	Recognition of gain-on-sale;
	(3)	Methods and key assumptions applied in valuing
	retained or purchased interests;
	(4)	Changes in methods and key assumptions from the
	previous period for valuing retained interests and impact of
	the changes;
	(5)	Treatment of synthetic securitizations;
	(6)	How exposures intended to be securitized are valued
	and whether they are recorded under subpart D of this part;
	and
	(7)	Policies for recognizing liabilities on the balance sheet
	for arrangements that could require the FDIC-supervised
	institution to provide financial support for securitized
	assets.
(d)	An explanation of significant changes to any quantitative	Not applicable. In 2019, the Bank did not have any
	information since the last reporting period.	securitization activities.

First Republic Bank

Basel III Regulatory Capital Disclosures

December 31, 2019

				Basel III
				Regulatory
				Capital	Form
		Disclosure Requirement	Disclosure Location	Disclosures
		Page	10-K Page
Table 8 - Securitization (continued)
	Quantitative Disclosures
	(e)	The total outstanding exposures securitized by the FDIC-	Not applicable. In 2019, the Bank did not have any
		supervised institution in securitizations that meet the	securitization activities.
		operational criteria provided in § 324.41 (categorized into
		traditional and synthetic securitizations), by exposure type,
		separately for securitizations of third-party exposures for
		which the bank acts only as sponsor.

	(f)	For exposures securitized by the FDIC-supervised	Not applicable. In 2019, the Bank did not have any
		institution in securitizations that meet the operational	securitization activities.
		criteria in § 324.41:
		(1) Amount of securitized assets that are impaired/past due
		categorized by exposure type; and

		(2) Losses recognized by the FDIC-supervised institution
		during the current period categorized by exposure type.

	(g)	The total amount of outstanding exposures intended to be	Not applicable. The Bank has no outstanding exposures
		securitized categorized by exposure type.	intended to be securitized.

	(h)	Aggregate amount of:	Basel III Regulatory Capital Disclosures:
			Table 8.1: Securitization Exposures by Risk Weight Range	13
		(1) On-balance sheet securitization exposures retained or
		purchased categorized by exposure type; and

		(2) Off-balance sheet securitization exposures categorized	Not applicable. The Bank does not have any off-balance
		by exposure type.	sheet securitization exposures.

	(i)	(1) Aggregate amount of securitization exposures retained	Basel III Regulatory Capital Disclosures:	13
		or purchased and the associated capital requirements for	Table 8.1: Securitization Exposures by Risk Weight Range
		these exposures, categorized between securitization and
		resecuritization exposures, further categorized into a
		meaningful number of risk weight bands and by risk-based
		capital approach (e.g., SSFA); and

		(2) Aggregate amount disclosed separately by type of	Not applicable. The Bank does not have any such
		underlying exposure in the pool of any: (i) After-tax	securitization exposures.
		gain-on-sale on a securitization that has been deducted
		from common equity tier 1 capital; and (ii) Credit-
		enhancing interest-only strip that is assigned a 1,250
		percent risk weight.

	(j)	Summary of current year's securitization activity, including	Not applicable. In 2019, the Bank did not have any
		the amount of exposures securitized (by exposure type),	securitization activities.
		and recognized gain or loss on sale by exposure type.

	(k)	Aggregate amount of resecuritization exposures retained or	Not applicable. The Bank does not have any
		purchased categorized according to: (1) Exposures to	resecuritization exposures.
		which credit risk mitigation is applied and those not
		applied; and (2) Exposures to guarantors categorized
		according to guarantor creditworthiness categories or
		guarantor name.

First Republic Bank

Basel III Regulatory Capital Disclosures

December 31, 2019

				Basel III
				Regulatory
				Capital	Form
		Disclosure Requirement	Disclosure Location	Disclosures
		Page	10-K Page
Table 9 - Equity Exposures not Subject to Market Risk Capital Rules
	Qualitative Disclosures
	(a)	The general qualitative disclosure requirement with respect	Basel III Regulatory Capital Disclosures:
		to equity risk for equities not subject to subpart F of this	9. Equity Exposures not Subject to Market Risk Capital	13-14
		part, including:	Rule
		(1) Differentiation between holdings on which capital
		gains are expected and those taken under other objectives
		including for relationship and strategic reasons; and
		(2) Discussion of important policies covering the valuation
		of and accounting for equity holdings not subject to
		subpart F of this part. This includes the accounting
		techniques and valuation methodologies used, including
		key assumptions and practices affecting valuation as well
		as significant changes in these practices.
	Quantitative Disclosures
	(b)	Value disclosed on the balance sheet of investments, as	Basel III Regulatory Capital Disclosures:	14
		well as the fair value of those investments; for securities	Table 9.1: Equity Exposures by Type and Risk Weight
		that are publicly traded, a comparison to publicly-quoted	12/31/2019 Call Report:
		share values where the share price is materially different
		from fair value.	- Schedule RC-F
			- Schedule RC-R
	(c)	The types and nature of investments, including the amount
		that is:

Publicly traded; and
Non-publiclytraded.

	(d)	The cumulative realized gains (losses) arising from sales	Basel III Regulatory Capital Disclosures:
		and liquidations in the reporting period.	9. Equity Exposures not Subject to Market Risk Capital	14
			Rule

	(e)	(1) Total unrealized gains (losses).	Not applicable. There are no unrealized gains (losses)
			included in tier 1 or tier 2 capital related to publicly traded
			equity exposures.
		(2) Total latent revaluation gains (losses).	Not applicable. Any latent revaluation gains or losses that
			may exist are immaterial.
			Basel III Regulatory Capital Disclosures:
			9. Equity Exposures not Subject to Market Risk Capital	13
			Rule
		(3) Any amounts of the above included in tier 1 or tier 2	Not applicable. There are no unrealized gains (losses)
		capital.	included in tier 1 or tier 2 capital related to publicly traded
			equity exposures.
	(f)	Capital requirements categorized by appropriate equity	Basel III Regulatory Capital Disclosures:	14
		groupings, consistent with the FDIC-supervised	Table 9.1: Equity Exposures by Type and Risk Weight
		institution's methodology, as well as the aggregate amounts
		and the type of equity investments subject to any
		supervisory transition regarding regulatory capital
		requirements.

Table 10 - Interest Rate Risk for Non-Trading Activities
	Qualitative Disclosures
	(a)	The general qualitative disclosure requirement, including	2019 Form 10-K:
		the nature of interest rate risk for non-trading activities and	- Item 7A. Quantitative and Qualitative Disclosures About		101-103
		key assumptions, including assumptions regarding loan	Market Risk
		prepayments and behavior of non-maturity deposits, and
		frequency of measurement of interest rate risk for non-
		trading activities.

	Quantitative Disclosures
	(b)	The increase (decline) in earnings or economic value (or	2019 Form 10-K:
		relevant measure used by management) for upward and	- Item 7A. Quantitative and Qualitative Disclosures About		103
		downward rate shocks according to management's method	Market Risk
		for measuring interest rate risk for non-trading activities,
		categorized by currency (as appropriate).

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First Republic Bank published this content on 28 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2020 23:29:03 UTC

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2023	Uneasy Optimism on Display at Jackson Hole; Powell Says Fed Will Move Carefully on Rate Hikes	DJ

FDIC set to unveil plan for stricter regional bank rules	23-08-29	RE
Uneasy Optimism on Display at Jackson Hole; Powell Says Fed Will Move Carefully on Rate Hikes	23-08-28	DJ
Turkey's Central Bank Raises Key Interest Rate to 25%	23-08-24	DJ
Burry, famous for 'Big Short,' bought bearish options against S&P, Nasdaq 100	23-08-14	RE
Insurers poised for US break on investment losses from high rates	23-08-14	RE
Apple, Microsoft remain world's top 2 companies by market cap	23-08-01	RE
US FDIC calls on banks to fix 'inaccurate' financial statements	23-07-24	RE
Flagstar Bank hires six First Republic teams to expand private banking	23-07-20	RE
Turkey's Central Bank Raises Key Interest Rates	23-07-20	DJ
US consumer watchdog warns no more 'rubber stamp' for bank mergers	23-07-20	RE
S&P 500 Rebounds as Inflation Continues to Cool, Earnings Season Kicks Off	23-07-14	MT
Equity Markets Close Mixed After Bank Earnings, Consumer Sentiment Report	23-07-14	MT
Equity Markets Close Mixed After Bank Earnings, Consumer Sentiment Report	23-07-14	MT
Sector Update: Financial Stocks Slipping Late Friday	23-07-14	MT
Equity Markets Higher as Investors Weigh Bank Earnings, Consumer Sentiment Report	23-07-14	MT
Sector Update: Financial Stocks Slipping Friday Afternoon	23-07-14	MT
Sector Update: Financial	23-07-14	MT
Surging Consumer Sentiment, Higher Inflation Outlook Undermine US Equities Even as Mega-cap Bank Results Beat Forecasts	23-07-14	MT
JPMorgan, Wells Fargo expect deposits to extend Q2 declines	23-07-14	RE
Dow, S&P 500 Edge up Following Mega-cap Banking Results While Increasing Inflation Expectations Push Treasury Yields Higher	23-07-14	MT
Top Stories at Midday: Fed Governor Calls for Interest Rate Hikes; Michigan Consumer Sentiment Index Exceeds Expectations; JetBlue Ends Northeast Alliance With American Airlines; Eli Lilly to Buy Versanis Bio	23-07-14	MT
JPMorgan, Wells Fargo prepare for losses on office loans	23-07-14	RE
Wall St rises on strong bank, UnitedHealth earnings	23-07-14	RE
U.S. banks point to resilient but slowing economy, flag risks ahead	23-07-14	RE
JPMorgan Chase Logs Better-Than-Expected Second-Quarter Results Boosted by First Republic Acquisition	23-07-14	MT

First Republic Bank

Equities

FRCB

US33616C1009

First Republic Bank : Fourth Quarter 2019 Basel III Regulatory Capital Disclosures

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Quarterly earnings - Rate of surprise