Ameriprise 2014 Annual Report Download - page 105

Actual capital and regulatory capital requirements for our wholly owned subsidiaries subject to regulatory capital
requirements were as follows:
Regulatory Capital
Actual Capital Requirements
December 31, December 31,
2014 2013 2014 2013
(in millions)
RiverSource Life(1)(2) $ 3,614 $ 2,747 $ 595 $ 591
RiverSource Life of NY(1)(2) 312 251 59 49
IDS Property Casualty(1)(3) 560 531 200 177
Ameriprise Insurance Company(1)(3) 45 44 2 2
ACC(4)(5) 248 230 226 215
Threadneedle(6) 221 257 199 158
Ameriprise National Trust Bank(7) 21 19 10 10
AFSI(3)(4) 93 78 # 2
Ameriprise Captive Insurance Company(3) 61 62 10 11
Ameriprise Trust Company(3) 26 58 24 56
AEIS(3)(4) 117 100 49 44
RiverSource Distributors, Inc.(3)(4) 13 23 # #
Columbia Management Investment Distributors, Inc.(3)(4) 18 23 # #
# Amounts are less than $1 million.
(1) Actual capital is determined on a statutory basis.
(2) Regulatory capital requirement is based on the statutory risk-based capital filing.
(3) Regulatory capital requirement is based on the applicable regulatory requirement, calculated as of December 31, 2014 and 2013.
(4) Actual capital is determined on an adjusted GAAP basis.
(5) ACC is required to hold capital in compliance with the Minnesota Department of Commerce and SEC capital requirements.
(6) Actual capital and regulatory capital requirements are determined in accordance with U.K. regulatory legislation. The regulatory capital
requirements at December 31, 2014 represent calculations at September 30, 2014 of the rule based requirements, as specified by
FCA regulations.
(7) Ameriprise National Trust Bank is required to maintain capital in compliance with the Office of the Comptroller of the Currency
(‘‘OCC’’) regulations and policies.
In addition to the particular regulations restricting dividend payments and establishing subsidiary capitalization
requirements, we take into account the overall health of the business, capital levels and risk management considerations
in determining a dividend strategy for payments to our company from our subsidiaries, and in deciding to use cash to
make capital contributions to our subsidiaries.
During the year ended December 31, 2014, the parent holding company received cash dividends or a return of capital
from its subsidiaries of $1.9 billion (including $900 million from RiverSource Life) and contributed cash to its subsidiaries
of $31 million. During the year ended December 31, 2013, the parent holding company received cash dividends or a
return of capital from its subsidiaries of $1.6 billion (including $800 million from RiverSource Life) and contributed cash to
its subsidiaries of $106 million.
The following table presents the dividends that could have been paid within the limitations of the applicable regulatory
authorities for each of the years ended December 31. Dividends in excess of these amounts required advance notice to
the applicable regulatory authorities as further described in the footnotes to the table.
2014 2013 2012
(in millions)
RiverSource Life(1) $ 811 $ 580 $ 268
ACC(2) 26 15 —
Columbia Management Investment Advisers, LLC 553 506 255
Columbia Management Investment Services Corporation 7 14 9
Threadneedle 175 174 120
Ameriprise Trust Company 36 2 —
IDS Property Casualty(3) 53 22 38
Ameriprise Captive Insurance Company 65 50 47
RiverSource Distributors, Inc. 23 23 26
AMPF Holding Corporation 680 473 461
Total dividend capacity $ 2,429 $ 1,859 $ 1,224
(1) RiverSource Life dividends in excess of statutory unassigned funds require advance notice to the Minnesota Department of
Commerce, RiverSource Life’s primary regulator, and are subject to potential disapproval. In addition, dividends whose fair market
value, together with that of other dividends or distributions made within the preceding 12 months, exceeds the greater of (1) the
previous year’s statutory net gain from operations or (2) 10% of the previous year-end statutory capital and surplus are referred to as
86