Quarter Ending:

March 2019

Instructions:

This worksheet replaces the FFIEC 041 Report filing for Non-Depository Trust Companies

Please do not change the formatting, location of cells, or add calculations to the cells. The Department will be merging the information into a database and these changes will inhibit our ability to import the file.

The worksheets found in the excel file are based on the FFIEC 041 report. When filling out the forms please follow the instructions found at http://www.fdic .gov/regulations/resources/call/index.html. All New Hampshire non-depository trust companies must file quarterly. Disregard any instructions that state or imply quarterly filing is not necessary. When completing the call report, all dollar amounts should be rounded to thousands .

The "Attestation" worksheet needs to be printed off and signed as detailed on the worksheet. After the necessary signatures are gathered the form needs to be mailed to the department. This needs to be received no later than 32 days after the quarter end.

The Department is requesting additional information to be reported quarterly on Call Report Schedule RC-T for those institutions or their subsidiaries offering fiduciary and related services. This change will begin with the September 30, 2008 filing period. Please be aware that this particular Call Report schedule will differ from the FFIEC forms & instructions given the presence of two additional reporting items in the Memoranda section of Schedule RC-T. New reporting will include the following: 1) Accounts where the institution is named or serves as a fiduciary of an account to be funded at a later date ("dry trusts"), and 2) Accounts where the institution is named or serves as "Trust Protector".

Information:

Name of Institution:	GLAS Trust Company LLC
Filing Period (Quarter ending):	31-Mar-19
Date Report was emailed:	30-Apr

Information on person to contact with question on this call report filing

	Primary Contact	Secondary Contact
Name:	Martin Reed	Steven Hodgetts
Phone Number:	(201) 839 2180	+44 20 3764 9316
E-Mail Address:	martin.reed@glas.agency	steven.hodgetts@glas.agency

USA PATRIOT ACT Section 314(a) Anti-Money Laundering Contact Information:

To facilitate the 314(a) process, you will need to provide the following information for two (2) individuals who will serve as the Point of Contact (POC) for your institution. Any changes to the POCs will need to be reported in writing to the New Hampshire Banking Department.

	Primary Contact	Secondary Contact
POC Name:	Martin Reed	Steven Hodgetts
POC Title:	Secretary	Director
Mailing Address:
Street	3 Second Street, Suite 206	45 Ludgate Hill
PO Box
City, State, Zip	Jersey City, NJ 07302	London, EC4M 7JU, UK
Email Address:	martin.reed@glas.agency	steven.hodgetts@glas.agency
Phone Number:	(201) 839 2180	+44 20 3764 9316

Revised 3/18/14

Quarter Ending:

March 2019

Attestation

This report is required by RSA 383:13

Name of Institution:

GLAS Trust Company LLC

Date report was sent electronically to the New Hampshire Banking Department:

30-Apr-19

Information in the report is for Quarter Ending:

31 March 2019

NOTE: The report must be signed by an authorized officer and attested to by not less than two directors (trustees).

I, Martin Reed, Senior Vice President/Corporate Secretary

Typed Name and Title of Officer Authorized to Sign Report

of the named bank do hereby declare that the report sent electronically to the New Hampshire Banking Department has been prepared in conformance with the instructions issued by the FFIEC and are true to the best of my knowledge and belief.

/s/ Martin Reed		30-Apr-19
Signature of Office Authorized to Sign Report		Date of Signature

We, the undersigned directors (trustees), attest to the correctness of the report sent electronically to the New Hampshire Banking Department and declare that it has been examined by us and to the best or our knowledge and belief has been prepared in conformance with the Instruction issued by the FFIEC and is true and correct.

/s/ Steven Hodgetts		Steven Hodgetts
Signature of Director (Trustee)		Printed Name of Director (Trustee)

/s/ Martin Reed		Martin Reed
Signature of Director (Trustee)		Printed Name of Director (Trustee)


Signature of Director (Trustee)		Printed Name of Director (Trustee)

The signed "Attestation" needs to be received by the department no later than 32 days after the quarter end.

Revised 9/16/13

Quarter Ending:

Schedule RI - Income Statement

All Report of Income schedules are to be entered on a calendar year-to-date basis in thousands of dollars.

1			Interest Income:
1.	a.		Interest and fee income on loans:
		(1)	Loans secured by real estate
		(2)	Commercial and industrial loans
		(3)	Loans to individuals for household, family, and other personal expenditures:
			(a) Credit cards
			(b) Other (includes single payment, installment, all student loans, and revolving credit plans other than credit cards)
		(4)	Loans to foreign governments and official institutions
		(5)	All other loans
		(6)	Total interest and fee income on loans (sum of items 1.a.(1) through 1.a.(5))
1.	b.		Income from lease financing receivables
1.	c.		Interest income on balances due from depository institutions	2
1.	d.		Interest and dividend income on securities
		(1)	U.S. Treasury securities and U.S. Government agency obligations (excluding mortgage-backed securities)
		(2)	Mortgage-backed securities
		(3)	All other securities (includes securities issued by states and political subdivisions in the U.S.)
1.	e.		Interest income from trading assets
1.	f.		Interest income on federal funds sold and securities purchased under agreements to resell
1.	g.		Other interest income
1.	h.		Total interest income (sum of items 1.a.(6) through 1.g)		2
2.			Interest expense:
2.	a.		Interest on deposits:
		(1)	Transaction accounts (interest-bearing demand deposits, NOW accounts, ATS accounts, and telephone and preauthorized transfer accounts)
		(2)	Nontransaction accounts:
			(a) Savings deposits (includes MMDAs)
			(b) Time deposits of $100,000 or more
			(c) Time deposits of less than $100,000
2.	b.		Expense of federal funds purchased and securities sold under agreements to repurchase
2	c.		Interest on trading liabilities and other borrowed money
2.	d.		Interest on subordinated notes and debentures
2.	e.		Total interest expense (sum of items 2. a through 2. d)
3.			Net interest income (item 1.h minus 2.e)		2
4.			Provision for loan and lease losses
5.			Noninterest income:
5.	a.		Income from fiduciary activities	784
5.	b.		Service charges on deposit accounts
5.	c.		Trading revenue
5.	d.	(1)	Fees and commissions from securities brokerage
		(2)	Investment banking, advisory, and underwriting fees and commissions
		(3)	Fees and commissions from annuity sales
		(4)	Underwriting income from insurance and reinsurance activities
		(5)	Income from other insurance activities
5.	e.		Venture capital revenue
5.	f.		Net servicing fees
5.	g.		Net securitization income
5.	h.		Not applicable
5.	i.		Net gains (losses) on sales of loans and leases
5.	j.		Net gains (losses) on sales of other real estate owned
5.	k.		Net gains (losses) on sales of other assets (excluding securities)
5.	l.		Other noninterest income*
5.	m.		Total noninterest income (sum of items 5.a through 5.1)		784
6.	a.		Realized gains (losses) on held-to-maturity securities
6.	b.		Realized gains (losses) on available-for-sale securities
7.			Noninterest expense:
7.	a.		Salaries and employee benefits
7.	b.		Expenses of premises and fixed assets (net of rental income) (excluding salaries and employee benefits and mortgage interest)
7.	c.		(1) Goodwill impairment losses
			(2) Amortization expense and impairment losses for other intangible assets
7.	d.		Other noninterest expense*	762
7.	e.		Total noninterest expense (sum of items 7.a through 7.d)		762
8.			Income (loss) before income taxes and extraordinary items and other adjustments (item 3 plus or minus items 4, 5.m, 6.a, 6.b and 7.e)		24
9.			Applicable income taxes (on item 8)
10.			Income (loss) before extraordinary items and other adjustments (item 8 minus item 9)		24
11.			Extraordinary items and other adjustments, net of income taxes*
12.			Net income (loss) attributable to bank and noncontrolling (minority) interests (sum of items 10 and 11)		24
13.			LESS: Net income (loss) attributable to noncontrolling (minority) interests (if net income, report as a positive value; if net loss, report as a negative value)
14.			Net income (loss) attributable to bank (item 12 minus item 13)		24

* Describe on Schedule RI-E - Explanations

Revised 9/16/13

Schedule RI - Continued

Quarter Ending:

All Report of Income schedules are to be entered on a calendar year-to-date basis in thousands of dollars.

		Memoranda

14.		Other-than-temporary impairment losses on held-to-maturity and available-for-sale debt securities:
	a.	Total other-than-temporary impairment losses
	b.	Portion of losses recognized in other comprehensive income (before income taxes)
	c.	Net impairment losses recognized in earnings (included in Schedule RI, items 6.a and 6.b)(Memorandum item 14.a minus Memorandum item 14.b)
	c.

*Memoranda Items 1-13 Omitted

Revised 9/16/13

Quarter Ending:

Schedule RI-A -- Changes in Equity Capital

Indicate decreases and losses in parentheses.

Dollar Amounts in Thousands

1.	Total equity capital most recently reported for the previous year end, Reports of Condition and Income (i.e., after adjustments from amended Reports of Income)	1,602
2.	Restatements due to corrections of material accounting errors and changes in accounting principles*
3.	Balance end of previous calendar year as restated (sum of items 1 and 2)	1,602
4.	Net income (loss) (must equal Schedule RI, item 14)	24
5.	Sale, conversion, acquisition, or retirement of capital stock, net (excluding treasury stock transactions)
6.	Treasury stock transactions, net
7.	Changes incident to business combinations, net
8.	LESS: Cash dividends declared on preferred stock
9.	LESS: Cash dividends declared on common stock
10.	Other comprehensive income
11.	Other transactions with parent holding company* (not included in items 5, 6, 8, or 9 above)
12.	Total equity capital end of current period (sum of items 3 through 11) (must equal Schedule RC, item 27.a)	1,626

*	Describe on Schedule RI-E-Explanations

Revised 9/16/13

Quarter Ending:

Schedule RI-E -- Explanations

Schedule RI-E is to be completed each quarter on a calendar year-to-date basis.

Dollar Amounts in Thousands

1 .		Other noninterest income (from Schedule RI, item 5.1)
		Itemize and describe amounts greater than $25,000 that exceed 3% of Schedule RI, item 5.1:		see below
1. a.		Income and fees from the printing and sale of checks
1. b.		Earnings on/increase in value of cash surrender value of life insurance
1. c.		Income and fees from automated teller machines (ATMs)
1. d.		Rent and other income from other real estate owned
1. e.		Safe deposit box rent
1. f.		Net change in the fair values of financial instruments accounted for under a fair value option
1. g.		Bank card and credit card interchange fees
1. h.		Gains on bargain purchases
1. i.
1. j.
1. k.
2.		Other noninterest expense (from Schedule RI, item 7.d)
		Itemize and describe amounts greater than $25,000 that exceed 3% of Schedule RI, item 7.d:		see below
2. a.		Data processing expenses
2. b.		Advertising and marketing expenses
2. c.		Directors' fees
2. d.		Printing, stationery, and supplies
2. e.		Postage
2. f.		Legal fees and expenses
2. g.		FDIC deposit insurance assessments
2. h.		Accounting and auditing expenses	26
2. i.		Consulting and advisory expenses
2. j.
2. k.		Telecommunications expenses
2. l.
2. m.
2. n.
3.		Extraordinary items and other adjustments and applicable income tax effect (from Schedule RI, item 11) (itemize and describe all extraordinary items and other adjustments):

3. a.	(1)
	(2)	Applicable income tax effect
3. b.	(1)
	(2)	Applicable income tax effect
3. c.	(1)
	(2)	Applicable income tax effect
4.		Cumulative effect of changes in accounting principles and corrections of material accounting errors (from Schedule RI-A, item 2) (itemize and describe all such effects):
4. a.
4. b.
5.		Other transactions with parent holding company (from Schedule RI-A, item 11) (itemize and describe all such transactions):
5. a.		Introduction of initial capital as membership interest.
5. b.
6.		Adjustments to allowance for loan and lease losses; (itemize and describe all adjustments)
6. a.
6. b.
7.		Other explanations (the space below is provided for the bank to briefly describe, at its option, any other significant items affecting the Report of Income):
		Comments? (Yes or No)
		Other explanations (please type or print clearly):

		Itemize and describe amounts greater than $25,000 that exceed 3% of Schedule RI, item 7.d: $628k expenses for services provided by GLAS Americas to Trust Co $70k Commission for new deals

		Itemize and describe amounts greater than $25,000 that exceed 3% of Schedule RI, item 5.1:

		$28k 9W Billable Hours $247k Advanz Transfer Fees $227k Murray Energy Transfer Fees $30k Waypoint admin agent fees

Revised 9/16/13

Quarter Ending:

Schedule RC -- Balance Sheet

Dollar Amounts in Thousands

	ASSETS
1.	Cash and balances due from depository institutions :
1. a.	Noninterest-bearing balances and currency and coin	310
1. b.	Interest-bearing balances	1,509
2.	Securities:
2. a.	Held-to-maturity securities (from Schedule RC-8, column A)
2. b.	Available-for-sale securities (from Schedule RC-8, column D)
3.	Federal funds sold and securities purchased under agreements to resell:
3. a.	Federal funds sold
3. b.	Securities purchased under agreements to resell
4.	Loans and lease financing receivables:
4. a.	Loans and leases held for sale
4. b.	Loans and leases, net of unearned income
4. c.	LESS: Allowance for loan and lease losses
4. d.	Loans and leases, net of unearned income and allowance (item 4.b minus 4.c)
5.	Trading assets
6.	Premises and fixed assets (including capitalized leases)	2
7.	Other real estate owned
8.	Investments in unconsolidated subsidiaries and associated companies
9.	Direct and indirect investments in real estate ventures
10.	Intangible assets:
10. a.	Goodwill
10. b.	Other intangible assets
11.	Other assets (from Schedule RC-F)	327
12.	Total assets (sum of items 1 through 11)		2,148

	LIABILITIES
13.	Deposits:
13. a.	a. In domestic offices:
	(1) Noninterest-bearing
	(2) Interest-bearing
13.b.	Not applicable
14.	Federal funds purchased and securities sold under agreements to repurchase:
14. a.	Federal funds purchased
14. b.	Securities sold under agreements to repurchase
15.	Trading liabilities
16.	Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)
17. and
18.	Not applicable
19.	Subordinated notes and debentures
20.	Other liabilities (from Schedule RC-G)	522
21.	Total liabilities (sum of items 13 through 20)		522
22.	Not applicable

	EQUITY CAPITAL
23.	Perpetual preferred stock and related surplus
24.	Common Stock	1,565
25.	Surplus (exclude all surplus related to preferred stock)
26. a.	Retained earnings	61
26. b.	Accumulated other comprehensive income (includes net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, and minimum pension liability adjustments.)
26. c.	Other equity capital components
27. a.	Total bank equity capital (sum of items 23 through 26.c)		1,626
27. b.	Noncontrolling (minority) interests in consolidated subsidiaries
28.	Total equity capital (sum of items 27.a and 27.b)		1,626
29.	Total liabilities and equity capital (sum of items 21 and 28)		2,148

	Memorandum Indicate in the box at the right the year of the last completed audit, that conforms to the standards listed in NH RSA 384:43, "Annual Audits".		2017

Revised 9/13/13

Quarter Ending:

Schedule RC-B -- Securities

				Dollar Amounts in Thousands
				Held to maturity		Available for sale
				(Column A) Amortized Cost	(Column B) Fair Value	(Column C) Amortized Cost	(Column D) Fair Value
1.			U.S. Treasury securities
2.			U.S. Government agency obligations (exclude mortgage-backed securities):
2.	a.		Issued by U.S. Government agencies
2.	b.		Issued by U.S. Government-sponsored agencies
3.			Securities issued by states and political subdivisions in the U.S.
4.			Mortgage-backed securities (MBS):
4.	a.		Pass-through securities:
		(1)	Guaranteed by GNMA
		(2)	Issued by FNMA and FHLMC
		(3)	Other pass-through securities
4.	b.		Other mortgage-backed securities (include CMOs, REMICs and stripped MBS):
		(1)	Issued or guaranteed by U.S. Government agencies or sponsored agencies
		(2)	Collateralized by MBS issued or guaranteed by U.S. Government agencies or sponsored
			agencies
		(3)	All other residential MBS
4.	c.		Commercial MBS:
		(1)	Commercial mortgage pass-through securities
			(a) Issued or guaranteed by FNMA, FHLMC, or GNMA
			(b) Other pass-through securities
		(2)	Other commercial MBS:
			(a) Issued or guaranteed by U.S. Government agencies or sponsored agencies
			(b) All other commercial MBS
5.			Asset-backed securities and structured financial products:
		a.	Asset-backed securities (ABS)
		b.	Structured financial products:
		(1)	Cash
		(2)	Synthetic
		(3)	Hybrid
6.			Other debt securities:
6.	a.		Other domestic debt securities
6.	b.		Foreign debt securities
7.			Investments in mutual funds and other equity securities with readily determinable fair values
8.			Total (sum of items 1 through 7) (total of column A must equal Schedule RC, item 2.a) (total of column D must equal Schedule RC, item 2.b)

	Memoranda	Dollar Amounts in Thousands
1.	Pledged securities ¹

¹Includes held-to-maturity securities at amortized cost and available-for-sale securities at fair value.

Revised 9/16/13

Quarter Ending:

Schedule RC-F -- Other Assets

Dollar Amounts in Thousands

1.		Accrued interest receivable
2.		Net deferred tax assets
3.		Interest-only strips receivable (not in the form of a security) on:
3.	a.	Mortgage loans
3.	b.	other financial assets
4.		Equity securities that DO NOT have readily determinable fair values
5.		Life insurance assets:
	a.	General account life insurance assets
	b.	Separate account life insurance assets
	c.	Hybrid account life insurance assets
6.		All other assets (itemize and describe amounts greater than $25,000 that exceed 25% of this item)		327
6.	a.	Prepaid expenses	160
6.	b.	Repossessed personal property (including vehicles)
6.	c.	Derivatives with a positive fair value held for purposes other than trading
6.	d.	Retained interests in accrued interest receivables related to securitized credit cards
6.	e.	FDIC loss-sharing indemnification assets
6.	f.	Prepaid deposit insurance assessments
6.	g.	Account receivables	167
6.	h.
6.	i.
7.		Total (sum of items 1 through 6) (must equal Schedule RC, item 11)		327

6. itemized amounts

$151k are prepayments to GLAS entities for future services to be provided

Revised 9/16/13

Quarter Ending:

Schedule RC-G -- Other Liabilities

		Dollar Amounts in Thousands
1.	a.	Interest accrued and unpaid on deposits
1.	b.	Other expenses accrued and unpaid (includes accrued income taxes payable)	49
2.		Net deferred tax liabilities
3.		Allowance for credit losses on off-balance sheet credit exposures
4.		All other liabilities (itemize and describe amounts greater than $25,000 that exceed 25% of this item)	473	Item: $356k Deferred Revenue
4.	a.	Accounts payable
4.	b.	Deferred compensation liabilities
4.	c.	Dividends declared but not yet payable
4.	d.	Derivatives with a negative fair value held for purposes other than trading
4.	e.
4.	f.
4.	g.
5.		Total (sum of items 1 though 4) (must equal Schedule RC, item 20)	522

Revised 9/16/13

Quarter Ending:

Schedule RC-T -- Fiduciary and Related Services

			(Column A) Managed Assets	(Column B) Non-Managed Assets	(Column C) Number of Managed Accounts	(Column D) Number of Non-Managed Accounts
FIDUCIARY AND RELATED ASSETS
4.		Personal trust and agency accounts
5.		Retirement related trust and agency accounts:
5.	a.	Employee benefit -- defined contribution
5.	b.	Employee benefit -- defined benefit
5.	c.	Other employee benefit and retirement-related accounts
6.		Corporate trust and agency accounts USD		9,024,138		26
7.		Investment management and investment advisory agency accounts
8.		Foundation and endowment trust and agency accounts
9.		Other fiduciary accounts
10.		Total fiduciary accounts (sum of items 4 through 9)		9,024,138		26
11.		Custody and safekeeping accounts
12.		Not applicable
13.		Individual Retirement Accounts, Health Savings Accounts, and other similar accounts
		(included in items 5.c and 11)

FIDUCIARY AND RELATED SERVICES INCOME
14.		Personal trust and agency accounts
15.		Employee benefit and retirement related trust and agency accounts:
15.	a.	Employee benefit -- defined contribution
15.	b.	Employee benefit -- defined benefit
15.	c.	Other employee benefit and retirement-related accounts
16.		Corporate trust and agency accounts	784
17.		Investment management and investment advisory agency accounts
18.		Foundation and endowment trust and agency accounts
19.		Other fiduciary accounts
20.		Custody and safekeeping accounts
21.		Other fiduciary and related services income
22.		Total gross fiduciary and related services income (sum of items 14 through 21) (must equal Schedule RI, item 5.a)	784
23.		Less: Expenses	(762)
24.		Less: Net losses from fiduciary and related services
25.		Plus: Intracompany income credits for fiduciary and related services
26.		Net fiduciary and related services income	22

Memoranda			(Column A) Personal Trust and Agency and Investment Management Agency Accounts	(Column B) Employee Benefit and Retirement Related Trust and Agency Accounts	(Column C) All Other Accounts
1.		Managed assets held in fiduciary accounts:
1.	a.	Noninterest-bearing deposits
1.	b.	Interest-bearing deposits
1.	c.	U.S. Treasury and U.S. Government agency obligations
1.	d.	State, county and municipal obligations
1.	e.	Money market mutual funds
1.	f.	Equity mutual funds
1.	g.	Other mutual funds
1.	h.	Common trust funds and collective investment funds
1.	i.	Other short-term obligations
1.	j.	Other notes and bonds
1.	k.	Investments in unregistered funds and private equity investments
1.	l.	Other common and preferred stocks
1.	m.	Real estate mortgages
1.	n.	Real estate
1.	o.	Miscellaneous assets
1.	p.	Total managed assets held in fiduciary accounts (for each column, sum of Memorandum
		items 1.a through 1.o)

			(Column A) Managed Assets	(Column B) Number of Managed Accounts
1.	q.	Investments of managed fiduciary accounts in advised or sponsored mutual funds

Revised 9/16/13

(Continued)-- Schedule RC-T -- Fiduciary and Related Services

				Dollar Amounts in Thousands
			(Column A) Number of Issues	(Column B) Principal Amount Outstanding
2.		Corporate trust and agency accounts:
		Corporate trust and agency accounts:
2.	a.	Corporate and municipal trusteeships USD	26	9,020,516
		(1) Issues reported in Memorandum item 2.a. that are in default	4	676,067
2.	b.	Transfer agent, registrar, paying agent, and other corporate agency	26

			(Column A) Number of Funds	Column B) Market Value of Fund Assets
3.		Collective investment funds and common trust funds:
3.	a.	Domestic equity
3.	b.	International/Global equity
3.	c.	Stock/Bond blend
3.	d.	Taxable bond
3.	e.	Municipal bond
3.	f.	Short term investments/Money market
3.	g.	Specialty/Other
3.	h.	Total collective investment funds (sum of Memorandum items 3.a through 3.g)

			(Column A) Gross Losses Managed Accounts	(Column B) Gross Losses Non- Managed Accounts	(Column C) Recoveries
4.		Fiduciary settlements, surcharges, and other losses:
4.	a.	Personal trust and agency accounts
4.	b.	Employee benefit and retirement-related trust and agency accounts
4.	c.	Investment management and investment advisory agency accounts
4.	d.	Other fiduciary accounts and related services
4.	e.	Total fiduciary settlements, surcharges, and other losses (sum of Memorandum items 4.a through 4.d) (sum of columns A and B minus column C must equal Schedule RC-T, item 24)

			Number of Accounts
5.		Accounts where the institution is named or serves as a fiduciary of an account to be funded at a later date

			Number of Accounts
6.		Accounts where the institution is named or serves as "Trust Protector"

Revised 9/16/13

A New Hampshire Limited Liability Company		81-4468886
(Jurisdiction of incorporation or organization if not a U.S. national bank)		(I.R.S. Employer Identification No.)

3 Second Street, Suite 206		07311
Jersey City, New Jersey
(Address of principal executive offices)		(Zip code)

Massachusetts		20-2960116
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

53 State Street, Suite 500
Boston, MA		02109
(Address of principal executive offices)		(Zip code)

	GLAS TRUST COMPANY LLC

	/s/ Yana Kislenko
	Yana Kislenko
	Vice President

	Very truly yours,

	GLAS TRUST COMPANY LLC

	/s/ Yana Kislenko
	Yana Kislenko
	Vice President