Capital One 2006 Annual Report Download - page 41

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entities to meet the capital adequacy requirements as all off-balance sheet loans experiencing such early amortization would
have to be recorded on the balance sheet. See pages 48-50 in Item 7 Managements Discussion and Analysis of Financial
Condition and Results of OperationsLiquidity Risk Management contained in this Annual Report on Form 10-K for the
year ended December 31, 2006.
Item 1B. Unresolved Staff Comments.
Not applicable.
Item 2. Properties.
In March, 2006, we completed the purchase of the previously leased, 570,000 square foot headquarters building located at
1680 Capital One Drive, McLean, Virginia. The building is located on a 31 acre parcel of land and houses our executive
offices and Northern Virginia staff. Generally, we use our properties to support all of our business segments.
We own approximately 316 acres of land in Goochland County, Virginia purchased for the construction of an office campus
(the West Creek Campus) to consolidate certain operations in the Richmond area. Between 2002 and 2005, seven office
buildings, a support facility and a training center were constructed and occupied at the West Creek Campus. Totaling nearly
1.2 million square feet, the West Creek Campus houses multiple business and staff groups. Ample land availability provides
the flexibility for further expansion should business demand increase. Another 460,000 square feet in office, data and
production space is owned in Richmond, Virginia, along with a 344,075 square foot facility in Nottingham, United Kingdom,
from which we conduct credit, collections, customer service and other operations. Our businesses also occupy leased space
totaling, in the aggregate, about 720,000 square feet in locations across Richmond, Virginia; Boston and Framingham, MA;
Tampa, FL; and Toronto, Canada.
For our mortgage business, we own a 35,000 square foot loan servicing center in Columbus, Georgia, and we otherwise
occupy leased office and warehouse space totaling nearly 335,000 square feet in California. In addition, we lease an
additional 290,000 square feet across Georgia, Washington, Minnesota, Idaho, North Carolina, Florida, Colorado, Illinois,
Virginia, New Jersey, Texas, Oregon, Nevada, Pennsylvania, New York, Maryland, Arizona, Utah, Michigan, Connecticut,
Massachusetts, and Ohio.
Our Banking segment and North Fork Banks office and branch operations are conducted primarily utilizing about
3.5 million square feet in owned properties and 3.6 million square feet in leased locations in Louisiana, New Jersey, New
York and Texas. Portions of the office portfolio are sub-leased where internal demand permits.
Our Auto Finance segment occupies approximately 640,000 square feet of leased space, with the majority in Texas, and other
locations across California, Maine, Massachusetts, Washington, Missouri, Arizona, Michigan, North Carolina, Nevada, New
Jersey, Illinois, Virginia, Florida, Pennsylvania, Texas, Oklahoma and Georgia.
Our Global Financial Services segment occupies leased offices of 147,000 square feet in Overland Park, Kansas and about
39,500 square feet in the United Kingdom. GFS also occupies a portion of the Companys leased space in Toronto, Canada
and Boston and Framingham, Massachusetts.
Item 3. Legal Proceedings.
The information required by Item 3 is included in Item 8, Financial Statements and Supplementary DataNotes to the
Consolidated Financial StatementsNote 20 on pages 102-104.
Item 4. Submission of Matters to a Vote of Security Holders.
During the fourth quarter of our fiscal year ending December 31, 2006, no matters were submitted for a vote of our
stockholders.