First Citizens Bank

The Federal Deposit Insurance Corporation has announced that First-Citizens Bank & Trust Company will purchase all deposits and loans of Silicon Valley ...

It expects to have deposits of $145 billion in the combined bank. “The FDIC estimates the cost of the failure of Silicon Valley Bank to its Deposit Insurance Fund to be approximately $20 billion. [(CS)](https://money.cnn.com/quote/quote.html?symb=CS&source=story_quote_link), has been the largest casualty of the current crisis. The bank has also entered into an agreement with the FDIC that will protect the bank against potential losses on the SVB commercial loans it is buying. As part of the deal, First Citizens is not taking on most of the $90 billion in US Treasuries that SVB was holding when regulators took over. Regulators shut SVB down on Friday, March 10, after clients withdrew $42 billion in a single day. Now, with the purchase, First Citizens is receiving SVB assets of $110 billion, deposits of $56 billion and loans of $72 billion, based on the latest information from the FDIC. But SVB customers should continue to use their current branch until they hear from First Citizens. It was the second-largest bank failure in US history, after only Washington Mutual in 2008. Other bank stocks also rose in morning trading. It was the drop in value of those bonds — rather than losses on the loans that SVB had made — that created problems for SVB and the overall banking system. With assets of $109 billion as of December 31, First Citizens was the 30th largest US bank according to the Federal Reserve.

The Federal Deposit Insurance Corporation, which announced the deal late Sunday, had been looking for a buyer since seizing control of the bank.

After the deal, the bank said it would have more than $40 billion in cash on hand. The fears also spread to [other banks in Europe](https://www.nytimes.com/2023/03/27/business/eu-banks-deutsche-bank.html), prompting officials to emphasize the strength of rules and strictness of oversight in the region. [paid back in full](https://www.nytimes.com/2023/03/12/business/janet-yellen-silicon-valley-bank.html), and some lawmakers have since pushed for raising or even eliminating the $250,000 cap on deposit insurance. The F.D.I.C. The deal included around $38 billion in assets, including $12.9 billion in loans, purchased at a discount of $2.7 billion. First Citizens and the F.D.I.C. The bank regulator estimated that the cost of Silicon Valley Bank’s failure on the government’s deposit insurance fund would be $20 billion. On March 19, New York Community Bancorp acquired parts of Signature Bank a week after the F.D.I.C. For example, the F.D.I.C. The Federal Deposit Insurance Corporation seized control of Silicon Valley Bank on March 10, after a run on deposits left it insolvent, making it the country’s largest bank failure since the 2008 financial crisis. seized it, included the purchase of about $72 billion in loans, at a discount of $16.5 billion, and the transfer of all the bank’s deposits, worth $56 billion. “However, it is our intent to embrace the talents of our legacy SVB employees, embrace their business capabilities and then reiterate to their clients that First Citizens has an unwavering focus on holistic client relationships.”

The sale involves the sale of all deposits and loans of SVB to First-Citizens, the FDIC said in a statement late Sunday.

Two days later, New York-based [Signature Bank](https://fortune.com/company/signature-bank/) was seized by regulators in the third-largest bank failure in the U.S. The acquisition gives the FDIC shares in First Citizens worth $500 million. Earlier this month, shares of and faith in Swiss bank Credit Suisse fell so much that regulators brokered a [takeover of by rival UBS](https://apnews.com/article/credit-suisse-ubs-banking-collapse-svb-4eb7f8e70849072b13d067382230d448). After First Republic Bank came under heavy selling by panicked investors, 11 of the biggest banks in the country announced a $30 billion rescue package. It is one of the top 20 U.S. It was the second-largest bank collapse in U.S. [European shares opened higher](https://apnews.com/article/shares-stocks-markets-dollar-recession-imf-9b5931a91b6cc2137fbedf8eaffaaeb9) Monday, with German lender Commerzbank AG up 2.4% and [BNP Paribas](https://fortune.com/company/bnp-paribas/) up 1.2%. It reported net profit of $243 million in the last quarter. The 17 former branches of SVB will open as First Citizens branches Monday, the FDIC said. [collapsed March 10](https://apnews.com/article/svb-fed-bonds-rates-banks-inflation-a24b28b3caeede91c76cd120aa9b7966) after depositors rushed to withdraw money amid fears about the bank’s health. Investors worry that other banks also may crumble under the pressure of higher interest rates. bank would be able to access all of their money.

The Federal Deposit Insurance Corp. and other regulators had already taken extraordinary steps to head off a wider banking crisis by guaranteeing that ...

The acquisition gives the FDIC shares in First Citizens worth $500 million. Two days later, New York’s Signature Bank was seized by regulators in the third-largest bank failure in the U.S. It was the second-largest bank collapse in U.S. Anxiety over contagion in the banking sector quickly spread to Europe this month and regulators there brokered a takeover by UBS of troubled Swiss bank Credit Suisse. Customers of SVB will automatically become customers of First Citizens, which is headquartered in Raleigh, North Carolina. receivership, the First Citizens deal announced late Sunday, at least initially, seemed to achieve what regulators have sought: a shoring up of trust in U.S.

Gonzalo Jimenez. (CNN) — First-Citizens Bank & Trust Company compró oficialmente Silicon Valley Bridge Bank y todos sus depósitos y préstamos, ...

La FDIC y First-Citizens Bank & Trust Company han entrado en una transacción de pérdidas compartidas sobre los préstamos comerciales que fueron comprados, según el comunicado de prensa. Todos los depósitos asumidos por First-Citizens Bank & Trust Company seguirán estando asegurados por la FDIC hasta el límite del seguro”, dice el comunicado de prensa. “Se prevé que la transacción de pérdidas compartidas maximice las recuperaciones de los activos al mantenerlos en el sector privado. También se espera que la transacción minimice las perturbaciones para los clientes de préstamos. Además, la FDIC recibió derechos de revalorización de acciones ordinarias de First Citizens BancShares, Inc., Raleigh, Carolina del Norte, con un valor potencial de hasta US$ 500 millones”, dice el comunicado de prensa. Aproximadamente US$ 90.000 millones en valores y otros activos permanecerán en la administración judicial para su disposición por parte de la FDIC.

NUEVA YORK (AP) — El banco First Citizens, con sede en Carolina del Norte, comprará buena parte del Silicon Valley Bank, una entidad centrada en la ...

Es uno de los 20 bancos más grandes de Estados Unidos y dice ser el banco más grande del país controlado por una familia. Fue la segunda quiebra bancaria más grande de la historia de Estados Unidos tras la de Washington Mutual en 2008. Las 17 antiguas oficinas de SVB abrirían el lunes como oficinas de First Citizens, indicó la FDIC.

Las 17 sucursales de SVB abrirán como First–Citizens Bank & Trust Company este lunes. Los clientes deben continuar usando su oficina actual hasta recibir un ...

“Se prevé que la transacción de pérdidas compartidas maximice las recuperaciones de los activos al mantenerlos en el sector privado. comprará los depósitos y préstamos de Silicon Valley Bank (SVB), según informó el lunes la Corporación Federal de Seguros de Depósitos de EE.UU. Los reguladores cerraron SVB, un gran nombre en el sector de la tecnología y el capital riesgo, y se hicieron con el control de sus depósitos el 10 de marzo, en lo que fue la mayor quiebra de un banco estadounidense desde la crisis financiera mundial. (FDIC, por su sigla en inglés), poco más de dos semanas después del mayor colapso bancario de EE.UU. El regulador añadió que el coste estimado de la quiebra de SVB para su Fondo de Seguro de Depósitos rondará los 20,000 millones de dólares, y que el coste exacto se determinará una vez finalizada la administración judicial. Esto se produce después de que el regulador transfiriera todos los depósitos y activos del SVB a un nuevo “banco puente” a principios de este mes, en un esfuerzo por proteger a los depositantes del fallido prestamista.

En Alemania, más de 400.000 trabajadores de transporte realizan una huelga de 24 horas. Corea del Norte lanzó dos presuntos misiles balísticos hacia aguas de la ...

El ejército de Myanmar realizó un desfile militar en el que mostró un gran arsenal de armas, ocurrió luego de que EE.UU. Lituania pedirá nuevas sanciones contra Rusia por supuestos planes de instalar armas nucleares tácticas en Belarús. En Alemania, más de 400.000 trabajadores de transporte realizan una huelga de 24 horas.

It said in a statement that it would assume SVB assets of $110 billion, deposits of $56 billion and loans of $72 billion, based on the latest information from ...

"The FDIC estimates the cost of the failure of Silicon Valley Bank to its Deposit Insurance Fund to be approximately $20 billion. The FDIC said First Citizens was getting the $72 billion in SVB loans at a discount of $16.5 billion. It has also entered into an agreement with the FDIC that will protect the bank against potential losses on the commercial loans it is buying.

Tras la declaratoria de quiebra por parte del Silicon Valley Bank, el mercado bancario de los Estados Unidos entró en la segunda crisis financiera más ...

FCB aprovechará la experiencia que ya tenía SVB invirtiendo en diversos centros de innovación. Así como las plataformas comunes, los socios proveedores y la tecnología. Con esa acción, las personas que depositaron sus fondos en SVB automáticamente se convirtieron en depositantes de First Citizens Bank. Claves para entender la compra de SVB por el First Citizens Bank First Citizens Bank anunció la compra de SVB, así el banco asumirá todos los depósitos y préstamos de la institución que se declaró en quiebra. 5 claves para entender la compra de SVB por parte de First Citizens Bank

First Citizens Bank bought the deposits and loans of failed Silicon Valley Bank in a deal announced Sunday by the Federal Deposit Insurance Corporation, ...

The FDIC also received equity appreciation rights in First Citizens common stock — a potential value of up to $500 million, according to the FDIC. First Republic Bank’s stock share rose 24% on Monday following the First Citizens deal. In regard to this review, Fed Chair Jerome Powell said during a press conference on March 22: “My only interest is that we identify what went wrong here.” He added that the Fed’s review would help determine what policies to implement moving forward. In Europe, UBS agreed to buy its rival, Credit Suisse, in a $3.23 billion deal, announced on March 19. The 17 former branches of SVB opened as First Citizens Bank & Trust Company on Monday. Raleigh, NC-based First Citizens Bank purchased SVB’s $72 billion in assets at a discount of $16.5 billion, the FDIC said in a press release.

It said in a statement that it would assume SVB assets of $110 billion, deposits of $56 billion and loans of $72 billion, based on the latest information from ...

"The FDIC estimates the cost of the failure of Silicon Valley Bank to its Deposit Insurance Fund to be approximately $20 billion. The FDIC said First Citizens was getting the $72 billion in SVB loans at a discount of $16.5 billion. It has also entered into an agreement with the FDIC that will protect the bank against potential losses on the commercial loans it is buying.

La Corporación Federal de Seguro de Depósitos de Estados Unidos se hizo cargo del Silicon Valley Bank a principios de marzo, luego de que el pánico bancario ...

North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month.

First Citizens Bank bought the deposits and loans of failed Silicon Valley Bank in a deal announced Sunday by the Federal Deposit Insurance Corporation.

Like the 20th Century transformation of NCNB into Bank of America, First Citizens' Frank Holding Jr. is building another North Carolina super regional with ...

Frank Holding Jr., 61, who went to school at the University of North Carolina at Chapel Hill and earned an MBA from the University of Pennsylvania’s Wharton School, has spent his whole professional career at the bank, became its president in 1994 and took over as CEO from his uncle Lewis in 2008. NCNB was renamed Nationsbank in 1991 and ultimately acquired San Francisco's Bank of America, growing assets from $12 billion in 1983 to more than $640 billion by the end of McColl’s tenure in 2000. Many of SVB’s associates with experience in banking the technology industry will join the combined bank. “I think as more investors see the merits of this deal, this stock is still headed a lot higher.” Holding’s sister Hope Bryant is the vice chairwoman of First Citizens, and his brother-in-law Peter Bristow is its president. According to regulatory filings, First Citizens had 32% of its $91 billion in deposits uninsured as of the end of 2022. “We believe there are long term secular tailwinds supporting technology and healthcare businesses that will continue to drive growth in the future.” “It developed a bit of a specialty in that area,” says Peter Gwaltney, CEO of the North Carolina Bankers Association, referring to First Citizens’ purchases of failing banks. “Frank Holding is one of the most opportunistic bank buyers out there,” says Brady Gailey, a managing director at KBW. First Citizens is taking on $110 billion in assets, $56 billion in deposits and $72 billion in loans from SVB, becoming one of the 20 largest banks in America now with $219 billion in assets. It went bankrupt during the financial crisis in 2008, and emerged in 2010 under the leadership of former Goldman Sachs executive and Merrill Lynch CEO John Thain, who retired in 2016. At the end of 2008, First Citizens had assets of $16.7 billion.

Así lo anunció la Corporación Federal de Depósitos de los Estados Unidos (FDIC, por sus siglas en inglés), tras dos semanas después del mayor colapso bancario ...

[Reserva Federal](https://www.federalreserve.gov/espanol.htm) recalcar que enfrentará esta situación bancaria y el problema de la inflación al mismo tiempo, atendiéndolos como dos eventos diferentes. Así lo anunció la Corporación Federal de Seguros de Depósitos de los Estados Unidos (FDIC, por sus siglas en inglés), este lunes, 27 de marzo del 2023. También señala que el sistema bancario dentro de los Estados Unidos es completamente sólido y que no hay nada de que preocuparse. El First Citizens BancShares comprará partes de los depósitos y préstamos de Silicon Valley Bank, una identidad bancaria estadounidense que quedó en bancarrota, junto con otros bancos dentro de la nación. Cabe destacar que Estados Unidos indicó que la quiebra que sufrió el Silicon Valley Bank se pagaría con fondos especiales y que no habría afectaciones financieras para los ciudadanos comunes. incluye la compra de $72 mil millones de dólares, aproximadamente; con un descuento de $16,500 millones.

El acuerdo hará que First Citizens Bank compre alrededor de $ 72000 millones de activos de Silicon Valley Bank con un descuento de $ 16500 millones.

Para más de CNBC entra [aquí](http://CNBC.com). "Los clientes de Silicon Valley Bridge Bank, National Association, deben continuar usando su sucursal actual hasta que reciban un aviso de First–Citizens Bank & Trust Company de que se completaron las conversiones de sistemas para permitir la banca de servicio completo en todas sus otras sucursales." "Las 17 antiguas sucursales de Silicon Valley Bridge Bank, National Association, abrirán como First–Citizens Bank & Trust Company el lunes 27 de marzo de 2023", dijo el comunicado el lunes.

NUEVA YORK (AP) — El banco First Citizens, con sede en Carolina del Norte, comprará buena parte del Silicon Valley Bank, una entidad centrada en la ...

Es uno de los 20 bancos más grandes de Estados Unidos y dice ser el banco más grande del país controlado por una familia. Fue la segunda quiebra bancaria más grande de la historia de Estados Unidos tras la de Washington Mutual en 2008. Las 17 antiguas oficinas de SVB abrirían el lunes como oficinas de First Citizens, indicó la FDIC.

El banco First Citizens, con sede en Carolina del Norte, comprará buena parte del Silicon Valley Bank, una entidad centrada en la industria tecnológica cuya ...

Es uno de los 20 bancos más grandes de Estados Unidos y dice ser el banco más grande del país controlado por una familia. Fue la segunda quiebra bancaria más grande de la historia de Estados Unidos tras la de Washington Mutual en 2008. Las 17 antiguas oficinas de SVB abrirían el lunes como oficinas de First Citizens, indicó la FDIC.

First-Citizens Bank & Trust Company compraría todos los depósitos y préstamos del SVB que los reguladores habían transferido a un banco puente tras su colapso.

Noticias de EE.UU. First Citizens Bank comprará parte de Silicon Valley Bank La Corporación Federal de Seguro de Depósitos anunció a última hora del domingo la compra de la mayor parte del negocio de Silicon Valley Bank.

North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month.

Why it matters: The sale is a step toward stabilizing America's regional banking sector, after a month of tumult. It's also a show of might by a Raleigh bank ...

- FDIC estimates that SVB will cost up to a $20 billion loss from its Deposit Insurance Fund (which is backed by insured banks, not taxpayers). - It's also a bit of FDIC full circle for First Citizens. Now, it is poised to absorb much of an institution that had been the 16th largest. - First Citizens had $109 billion in assets at the end of last year. The intrigue: It's remarkable that a Raleigh bank now owns Silicon Valley's namesake financial institution, Axios' Dan Primack writes. "Instead of flowing into Austin, Raleigh now becomes quite attractive."

Investors liked First Citizens Bank's deal to buy Silicon Valley Bank's deposits and loans so much that they pushed its stock 53.74% higher.

[rose Monday](https://www.cnbc.com/2023/03/26/stock-futures-are-up-slightly-as-wall-street-looks-to-build-on-winning-week.html)as [regional banks rallied](https://www.cnbc.com/2023/03/27/first-republic-rebounds-by-25percent-on-monday-to-lead-regional-bank-comeback.html)on improved sentiment. Less than two weeks ago, Al-Khudairy said [SNB could not provide Credit Suisse with additional funding](https://www.cnbc.com/2023/03/15/credit-suisse-shares-slide-after-saudi-backer-rules-out-further-assistance.html). Major indexes — with the exception of the Nasdaq Composite (more on that in a moment) — closed the day in the green too. That's not a sign we're back in the pandemic days of sky-high tech valuation, but it's something to keep an eye on as the banking crisis (hopefully) gets contained. What you need to know today [First Citizens Bank agreed to buy Silicon Valley Bank's](https://www.cnbc.com/2023/03/27/first-citizens-bank-to-buy-silicon-valley-banks-deposits-and-loans.html)deposits and loans. Charles Schwab's Liz Ann Sonders noted the S&P 500 information technology sector's valuation, relative to the performance of the companies, has risen more than 30%. Likewise, bank stocks in Europe rose 1.4% — Deutsche Bank, in particular, climbed 6.29% — helping the pan-European [Stoxx 600 index close 1.1% higher](https://www.cnbc.com/2023/03/27/european-markets-live-updates-stocks-news-data-and-earnings.html). There's hope, then, of reviving a dead bank — something that can happen only in an environment conducive to such miraculous feats. authorities were considering giving the bank more time to shore up its liquidity. Analysts think it's a sign Beijing's loosening its grip on the technology sector in its pursuit of economic growth this year. More crucially, it signaled to markets that, despite SVB's financial difficulties, there was still value in SVB's reputation and relationship with its clients. Investors liked the bargain First Citizens struck — its shares skyrocketed a staggering 53.74% on the news.

Las acciones de First Citizens BancShares, la matriz de First-Citizens Bank, llegaban a subir este lunes más de un 49% en el Nasdaq, después de que la ...

Las acciones de First Citizens BancShares, la matriz de First-Citizens Bank, llegaban a subir este lunes más de un 49% en el Nasdaq, después de que la entidad haya Las acciones de First Citizens BancShares, la matriz de First-Citizens Bank, llegaban a subir este lunes más de un 49% en el Nasdaq, después de que la entidad haya adquirido todos los depósitos y préstamos del Silicon Valley Bridge Bank. El fuerte avance de los títulos de First Citizens servía de empuje a la cotización de otros bancos regionales, los más castigados durante las turbulencias de las ultimas semanas, incluyendo las acciones del First Republic Bank, que se anotaban una subida de casi el 20 por ciento.

Investors liked First Citizens Bank's deal to buy Silicon Valley Bank's deposits and loans so much that they pushed its stock 53.74% higher.

[rose Monday](https://www.cnbc.com/2023/03/26/stock-futures-are-up-slightly-as-wall-street-looks-to-build-on-winning-week.html)as [regional banks rallied](https://www.cnbc.com/2023/03/27/first-republic-rebounds-by-25percent-on-monday-to-lead-regional-bank-comeback.html)on improved sentiment. Major indexes — with the exception of the Nasdaq Composite (more on that in a moment) — closed the day in the green too. That's not a sign we're back in the pandemic days of sky-high tech valuation, but it's something to keep an eye on as the banking crisis (hopefully) gets contained. [SVB assets worth $72 billion at a discount of $16.5 billion](https://www.cnbc.com/2023/03/27/heres-why-the-us-had-to-sweeten-terms-to-get-the-svb-sale-done.html). Investors liked [the bargain First Citizens struck](https://www.cnbc.com/2023/03/27/first-citizens-bank-to-buy-silicon-valley-banks-deposits-and-loans.html)— its shares skyrocketed a staggering 53.74% on the news. Charles Schwab's Liz Ann Sonders noted the S&P 500 information technology sector's valuation, relative to the performance of the companies, has risen more than 30%. (All three stocks even rose marginally in overnight trading.) Asia-Pacific markets were [mostly higher on Tuesday](https://www.cnbc.com/2023/03/28/asia-markets-extend-gains-as-investors-try-to-leave-banking-fears-behind.html)as well. There's hope, then, of reviving a dead bank — something that can happen only in an environment conducive to such miraculous feats. authorities were considering giving the bank more time to shore up its liquidity. Analysts think it's a sign Beijing's loosening its grip on the technology sector in its pursuit of economic growth this year. More crucially, it signaled to markets that, despite SVB's financial difficulties, there was still value in SVB's reputation and relationship with its clients. By contrast, the region's total deal value in 2021 was $354 billion.

Stock prices strengthened for First Republic, PacWest Bancorp. and other banks that investors have spotlighted as most at risk.

Customers of Silicon Valley Bank will automatically become customers of First Citizens, which is headquartered in Raleigh, North Carolina. “It’s highlighting increased stress in the system,” she said, and it could lead banks to lend less, which would put more pressure on the economy. Two days later, New York’s Signature Bank was seized by regulators in the third-largest bank failure in the U.S. is much more concerned about the health and safety of the financial system.” That $20 billion is referring to the loss the FDIC says its deposit insurance fund could take because of Silicon Valley Bank’s failure. It was the second-largest bank collapse in U.S. Todd Phillips, a fellow at the Roosevelt Institute and a former attorney at the FDIC, said extraordinary actions by regulators back up those statements. “The question is who should bear those losses?” he said. He said his general message to people is: “Your deposits will be fine. “SVB’s collapse has rocked the boat, but the ship is righting itself.” “But losses are substantial: $20 billion is real money, even in Washington.” But they also said it doesn’t by itself provide an immediate all-clear for other banks following the second- and third-largest U.S.

In total, First Citizens Bank will pick up $56 billion of new deposits and $72 billion of existing loans, at a discount of $16.5 billion.

So all in all, it’s been a massive win for First Citizen Bank investors, and that’s been reflected in the share price. Rather than a high flying hedge fund manager and a big team making investment decisions for you, we utilize the power of AI instead. Well to start with, First Citizens has a long history of both acquisitions and working with the regulators. It takes them from the 30th largest bank in the United States, to around the 15th. So was this a good call by the regulator, and is it a good deal for First Citizens shareholders? treasuries which caused the whole SVB bank run in the first place. There’s no two ways about it, this is a great deal for First Citizens Bank shareholders. This is vitally important in the takeover of Silicon Valley bank. In particular in this instance, they’re only able to hold a certain percentage of U.S. But this was only ever a temporary measure, and a buyer for the majority of SVB’s assets has now been found. So First Citizens has a long and rather quaint history. Interestingly in modern times, the bank has been led by the same family for three generations.

North Carolina-based First Citizens Bank, which also offers property and other types of insurance, will acquire much of Silicon Valley Bank, the.

The acquisition gives the FDIC shares in First Citizens worth $500 million. It is one of the top 20 U.S. Two days later, New York’s Signature Bank was seized by regulators in the third-largest bank failure in the U.S. It was the second-largest bank collapse in U.S. Customers of SVB will automatically become customers of First Citizens, which is headquartered in Raleigh, North Carolina. receivership, the First Citizens deal announced late Sunday, at least initially, seemed to achieve what regulators have sought: a shoring up of trust in U.S.

First Citizen Bank has acquired failed banks all over the country since the 2008 recession.

[May](https://archive.fdic.gov/view/fdic/6469)2017. [January](https://archive.fdic.gov/view/fdic/6503)2017. [May](https://archive.fdic.gov/view/fdic/5110)2016. - First CornerStone Bank of King of Prussia, Pennsylvania: Acquired by First Citizens in [March](https://archive.fdic.gov/view/fdic/5128)2016. [February](https://archive.fdic.gov/view/fdic/5019)2015. [July](https://archive.fdic.gov/view/fdic/4299)2011. [January](https://archive.fdic.gov/view/fdic/4404)2011. [March](https://archive.fdic.gov/view/fdic/4132)2010. [January](https://archive.fdic.gov/view/fdic/4150)2010. [September](https://archive.fdic.gov/view/fdic/3684)2009. [July](https://archive.fdic.gov/view/fdic/3732)2009.