Subsidiaries of First of America, a major commercial bank, have made loans to First of America directors and executive officers. The loans totaled \($56,965,000\) at December 31, 1999 (3.6 percent of total shareholders' equity) and \($42,405,000\) at December 31, 1998.

During 1999, \($39,201,000\) of new loans were made, and repayments and other reductions totaled \($24,641,000.\) Management believes that the loans do not affect materially the financial condition of First of America, that the loans are consistent with sound business practice in the banking industry, and that the loans do not impose more than the normal risk of collectability. There is every reason to believe the loans were made at non-preferential terms and rates, and no reason to believe the loans were made to immediate members of the directors' families or violated either corporate policy or applicable laws and regulations.

Required: 

Draft a related parties footnote for First of America's December 31, 1999 financial statements.