Form Ct-32 - Banking Corporation Franchise Tax Return - 2014 Page 7
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11Page 6 of 10 CT-32 (2014)
Schedule G — Computation of IBF adjusted eligible net income or loss
(see instructions)
If the corporation has an IBF located in New York State, mark an X in the appropriate box below.
The corporation computed ENI using the: IBF modification method
or IBF formula allocation method
Computation of eligible gross income
84 Interest income from eligible loans ...............................................................................................
84
85 Interest income from eligible deposits ..........................................................................................
85
86 Income from foreign exchange trading and hedging transactions ...............................................
86
87 Fee income from eligible transactions ..........................................................................................
87
88 Eligible gross income
...............................................................................
88
(add lines 84 through 87)
Computation of applicable expenses
89 Direct expenses ............................................................................................................................
89
90 Indirect expenses .........................................................................................................................
90
91 Total applicable expenses
91
...............................................................................
(add lines 89 and 90)
Computation of ineligible funding amount
92 Eligible net income
92
...............................................................................
(subtract line 91 from line 88)
93 Average aggregate liabilities and other sources of funds of the IBF that are not owed to
or received from foreign persons ..............................................................................................
93
94 Average aggregate liabilities and other sources of funds of the IBF ............................................
94
95 Divide line 93 by line 94 ..................................................................................................................
95
%
96 Ineligible funding amount
........................................................................
96
(multiply line 92 by line 95)
97 Remaining amount
97
...............................................
(subtract line 96 from line 92; also enter on line 105)
Computation of floor amount and adjusted eligible net income or loss
98 Average aggregate amount of loans to and deposits with foreign persons in financial accounts
98
within New York State for tax years 1975, 1976, and 1977 ......................................................
99 Statutory percentage for the current tax year ..............................................................................
99
%
100 Multiply line 98 by line 99 ............................................................................................................... 100
101 Average aggregate amount of loans to and deposits with foreign persons in financial accounts
within New York State (other than IBF) for the current tax year ................................................
101
102 Balance
............................................................................................ 102
(subtract line 101 from line 100)
103 Average aggregate amount of loans to and deposits with foreign persons in financial
accounts of the IBF for the current tax year .............................................................................
103
104 Enter 100 or the percentage obtained by dividing line 102 by line 103, whichever is less ............ 104
%
105 Remaining amount
................................................................................
105
(enter amount from line 97)
106 Floor amount
........................................................................................ 106
(multiply line 104 by line 105)
107 Adjusted eligible net income or loss
..................... 107
(subtract line 106 from line 105; also enter on line 51)
420006140094
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