Q: What is the advantage of integrating Union Bank
and BTMU's business in the Americas?

A: Union Bank became an indirectly wholly-owned subsidiary of BTMU through UnionBanCal Corporation (a bank holding company) in 2008, and since then, we have been unifying the Americas' business management between the two companies, beginning officially in July 2013. In addition to the business integration, many support functions have combined operations. UnionBanCal Corporation and Union Bank, N.A., were repurposed and renamed to MUFG Americas Holdings Corporation and MUFG Union Bank, N.A. respectively on July 1, 2014, along with the full-scale integration of Union Bank and BTMU's Headquarters for the Americas (HQA), and we now have centralized operations for the Americas banking business.

The combination of Union Bank and HQA's deposit balance in the United States places us 13th among U.S. financial institutions. We will strive to be one of the top-ten banks in the United States by fusing the strengths of both companies. Our first objectives post-integration are to ensure seamless customer service and to strengthen non-yen currency funds by leveraging Union Bank's U.S. dollar deposits. Furthermore, as a result of the integration, we have a robust platform to comply with requirements on the enhanced Prudential Standard, which are scheduled to be imposed on large foreign banking organizations in the United States. We will also enhance our governance and risk management processes.