treasury_tarp_105areport_20090331.pdf

UNITED STATES DEPARTMENT OF THE TREASURYSECTION 105(a) TROUBLED ASSETS RELIEF PROGRAM

REPORT TO CONGRESSFOR THE PERIOD

MARCH 1,2009 TO MARCH 31, 2009

I. OVERVIEW

During the reporting period ofMarch 1 to March 31, 2009, the Department of the Treasury(Treasury) continued to develop, launch, and implement a number of programs under theTroubled Assets Relief Program (TARP) and the Financial Stability Plan (FSP) pursuant to thegoals of the Emergency Economic Stabilization Act of 2008 (EESA). Every program establishedby Treasury under the TARP is aimed at stabilizing the financial system and restoring liquidity,enabling the flow of credit to consumers and businesses and restoring economic growth. Thesemeasures include actions to stabilize systemically important financial institutions, promote theavailability ofcredit to consumers and small businesses, reduce preventable foreclosures, andpromote the transparency of programs under the TARP. Given the critical role played byfinancial institutions and markets in the U.S. economy, financial stability is a necessaryprecondition to the resumption of normal economic activity. Specifically, during this reportingperiod, Treasury took the following steps:

• Auto Supplier Support Program - Treasury enhanced its support for the nation'sautomotive industry with the announcement on March 19,2009, of its $5 billion AutoSupplier Support Program, aimed at stabilizing the auto supply base and restoring creditflows in this critical sector of the American economy.

• Consumer and Business Lending Initiative (CBLI) - On March 3,2009, the FederalReserve operationalized the Term Asset-Backed Securities Loan Facility (TALF), a keycomponent under the CBLI. The TALF is run by the Federal Reserve and aimed atcatalyzing the securitization markets, a critical component of the financial system andsource of low cost credit to consumers and businesses. The first tranche of subscriptionsunder this important facility closed on March 19,2009, with additional subscriptionperiods to follow on a monthly basis.

• Home Affordable Modification Program - On March 4,2009, Treasury issued detailedguidelines on the refinance and modification programs for residential mortgage loans.These programs are designed to offer assistance to as many as three to four millionhomeowners making a good-faith effort to make their mortgage payments.

• Public-Private Investment Program (PPIP) - On March 23, 2009, Treasury announcedfurther details of the two part PPIP, which is designed to help financial institutionsremove from their balance sheets both real estate loans and securities backed by loanportfolios, often referred to as legacy assets. Using $75 to $100 billion in TARP capitaland capital from private investors, the PPIP will generate up to $500 billion in purchasingpower to buy legacy assets.

• Warranty Commitment Program - In releasing its assessment of the viability planssubmitted by General Motors (GM) and Chrysler, the Administration announced onMarch 30, 2009, that Treasury will provide government-funded protection for warrantiesissued by auto manufacturers that are in the process of restructuring.

Furthermore, on March 30, 2009, the Presidential Task Force on the Auto Industry determinedthat the restructuring plans submitted by GM and Chrysler did not result in viable companies.For GM, the Task Force determined that a path to viability for the Company was possible onlythrough a more significant operational and financial restructuring. The Task Force set a deadlineto complete this restructuring at June 1,2009. Treasury has agreed to provide a modest amount ofadditional funding for continued operations until that date.

For Chrysler, the Task Force determined that a path to viability for the Company was possibleonly through a partnership or alliance with another large automotive manufacturer. The mostlikely alliance is with Fiat, SpA, a European automobile manufacturer. The Task Force set adeadline to enact a binding deal with Fiat or another partner and submit a viable business planfor the alliance at May 1, 2009. Treasury has agreed to provide a modest amount of additionalfunding for continued operations until that date.

On March 2,2009, Treasury and the Federal Reserve announced a restructuring of thegovernment's assistance to American International Group, Inc. (AIG) in order to stabilize thesystemically important company in a manner that best protects the U.S. taxpayer.

Treasury maintained its commitment to implementing the TARP and the FSP with the highestdegree of transparency and accountability possible. On March 16,2009, Treasury published thesecond Monthly Intermediation Snapshot, providing information from Treasury's monthlysurvey oflending and intermediation activities ofthe top 21 recipients ofgovernment investmentthrough the Capital Purchase Program (CPP). The March Snapshot illustrated that the nation'slargest banks continued to originate, refinance, and renew loans in January 2009, despitesignificant headwinds associated with the economic downturn and unprecedented financial crisis.For example, the survey found that residential mortgage origination volume increased fromDecember 2008, largely as a result oflower mortgage interest rates. Originations in other areasofconsumer lending, which include small business, auto, student, and other consumer loans, alsoincreased, driven largely by seasonal demand for student lending. In contrast, the level ofcommercial and industrial lending contracted from the prior month due in large part to lowerdemand from businesses, who cited the economic downturn and their focus on preservingliquidity and strengthening their balance sheets. On March 20, 2009, Treasury sent letters to allCPP recipients requesting monthly data on lending. The first responses, containing February andMarch data, are due to Treasury on April 30.

On March 31, 2009, Treasury significantly enhanced efforts to communicate to the public and toCongress about its actions and programs to stabilize the financial system by launchingwww.FinancialStability.gov, a website containing comprehensive, user-friendly informationabout all ofTreasury's programs launched under the EESA.

2

II. REPORTING REQUIREMENTS

This is Treasury's fifth Section 105(a) Troubled Assets ReliefProgram Report to Congress(TARP Report) required by the EESA. Treasury transmitted its fourth TARP Report to Congresson March 6,2009, covering activities through February 28,2009. This TARP Report covers thefollowing activities listed in EESA section 105(a) that occurred in March:

• An overview of actions taken by the Secretary, including the considerations required bysection 103 and the efforts under section 109.

• The actual obligation and expenditure of the funds provided for administrative expensesby section 118.

• A detailed financial statement with respect to the exercise of authority, including:1. all agreements made or renewed;2. all insurance contracts entered into pursuant to section 102;3. all transactions occurring during the initial 60-day period, including the types of

parties involved;4. the nature of the assets purchased;5. all projected costs and liabilities;6. operating expenses, including compensation for financial agents;7. the valuation or pricing method used for each transaction; and8. a description of the vehicles established to exercise such authority.

ill. PROGRAMS AND INITIATIVES

Automotive Industry Financing Program

The objective of the Automotive Industry Financing Program (AIFP) is to prevent a significantdisruption of the American automotive industry, which would pose a systemic risk to financialmarket stability and have a negative effect on the economy of the United States. In March,Treasury announced two new programs under the AIFP: the Auto Supplier Support Program andthe Warranty Commitment Program.

On March 19,2009, Treasury released details and eligibility information for the Auto SupplierSupport Program. This program will provide domestic auto suppliers access to governmentbacked protection for accounts receivable attributable to products they ship to automanufacturers. Participating suppliers will be able to sell their matured receivables into theprogram at a modest discount, or to enhance their liquidity by selling the receivables beforematuring for an additional discount. The program is expected to help unlock credit more broadlyin the supplier industry.

All auto suppliers that ship to and are sponsored by participating auto manufacturers onqualifying commercial terms may be eligible to participate in the program. Any automanufacturer is eligible to participate in the program, although only OM and Chrysler haveelected to participate. Participating auto manufacturers will decide which suppliers andreceivables will receive protection.

3

Auto manufacturers that choose to participate in the program will request an allocation fromTreasury to provide government-backing, and then will work with a third-party servicer toestablish a receivables purchase program. Participating auto manufacturers will be required tomake a financial commitment in connection with the allocation they receive from Treasury. Anyreceivable created with respect to goods shipped after March 19,2009, that is made onqualifying commercial terms between a participating supplier and a participating automanufacturer, will be eligible for the program. OM and Chrysler have already agreed toparticipate in the program and will have fully operational purchase programs established shortly.

On March 31, 2009, as part of its assessment of the viability plans submitted by OM andChrysler, the Administration announced the Warranty Commitment Program, which will providegovernment-funded protection for warranties issued by auto manufacturers that are in the processof restructuring. The program will cover warranties on new vehicles purchased fromparticipating auto manufacturers during the period in which those manufacturers arerestructuring. Both OM and Chrysler have already indicated their intention to participate in theprogram.

Complete details about AIFP are available on Treasury's website at:http://www.financialstability.gov/roadtostabilitY/autoprogram.html.

Capital Purchase Program

The purpose of the Capital Purchase Program (CPP) is to stabilize the financial system bybuilding the capital base ofhealthy, viable U.S. financial institutions, which in turn will increase thecapacity of those institutions to lend to businesses and consumers and support the economy.Under this program, Treasury is purchasing senior preferred shares from qualifying U.S.controlled banks, savings associations, and certain bank and savings and loan holdingcompanies.

Between March 1 and March 31, 2009, Treasury purchased $2.0 billion in senior preferredshares from 65 financial institutions through the CPP. From the launch of the CPP in October2008 through March 31, 2009, Treasury has invested a total of $198.8 billion in senior preferredshares in 532 financial institutions in 48 states, the District of Columbia, and Puerto Rico. Todate, Treasury has received over $2.5 billion in dividends from CPP investments. Treasurydesigned the CPP to include every banking community in the country, and the 532 institutionsTreasury has funded under the CPP include small, community, regional, and national banks, aswell as Community Development Financial Institutions. The application deadline for publiclyheld institutions was November 14,2008; for eligible privately-held financial institutions, it wasDecember 8, 2008; and for Subchapter S 'corporations, it was February 13,2009. The nation'sfederal banking regulators are evaluating all CPP applications and continue to send qualifyingapplications to Treasury for final approval.

On March 31, 2009, Treasury received $353 million in principal and $2.3 million in accrueddividends from the repurchase ofsenior preferred shares by five financial institutions thatparticipated in the CPP. Treasury will continue to work with federal banking regulators to

4

evaluate requests from CPP participants interested in repaying Treasury.

Complete details about the CPP are available at:http://www.financialstability.gov/impact/index.html.

Consumer Business and Lending Initiative

The Consumer Business and Lending Initiative (CBLI) is designed to jumpstart secondarymarkets to make credit available. On March 3,2009, as part of the CBLI, Treasury and theFederal Reserve operationalized the Term Asset-Backed Securities Loan Facility (TALF), whichwas first announced in November 2008, and released further details, including program termsand conditions and questions and answers for the first funding of Federal Reserve loans toeligible borrowers. The- TALF is a Federal Reserve facility designed to increase creditavailability and support economic activity by facilitating renewed issuance of consumer andsmall business asset-backed securities (ABS) at more normal interest rate spreads.

Treasury, through the TARP, provides credit protection to the Federal Reserve to support lendingthrough the TALF. Specifically, Treasury will provide $20 billion ofTARP funds to the FederalReserve and the Federal Reserve will lend on a non-recourse basis to holders of certain AAA-ratedABS secured by newly and recently originated consumer and small business loans. TALF loanswill have a term of three years and will be secured solely by eligible collateral. Haircuts - apercentage reduction used for collateral valuation - will be determined based on the riskiness ofeach type ofeligible collateral and the maturity ofthe eligible collateral pledged to the FederalReserve. The haircuts will provide additional protection to taxpayers by protecting the FederalGovernment from loss.

On March 17,2009, the Federal Reserve began to accept subscriptions for funding from eligibleowners ofcertain AAA-rated ABS. The subscription period closed on March 19, 2009, andfunding for those loans took place on March 25, 2009. Funding of these eligible securitizationswill continue, on a monthly basis, through December 2009, or longer if the Federal Reservechooses to extend the facility. Total subscriptions received for the first funding of FederalReserve loans from eligible borrowers at the March 17-19 operation was $4.7 billion.

To promote accountability and oversight for the current facility, the Federal Reserve hasestablished a compliance framework that includes an assurance program related to borrowereligibility requirements and on-site inspection rights over borrowers. In addition, theparticipating sponsor must certify that the collateral supporting the ABS is eligible under TALFand that an independent accounting firm registered with the Public Company AccountingOversight Board has attested to the sponsor's assessment of the eligible collateral.

On March 24,2009, the Federal Reserve published the dates for the second funding ofFederalReserve loans, which will take place in April. The Federal Reserve also announced that the

5

TALF will be expanded to include four additional categories ofABS: (1) ABS backed bymortgage servicing advances; (2) ABS backed by loans or leases relating to business equipment;(3) ABS backed by leases of vehicle fleets; and (4) ABS backed by floorplan loans.

Complete details on CBLI are available at:http://www.financialstability.gov/roadtostabilitvJlendinginitiative.html, and complete details onthe TALF are available at: http://www.newyorkfed.orglmarkets/talf.html.

Efforts to Unlock Credit for Small Businesses

On March 16,2009, Treasury released details on an initiative to unlock credit for smallbusinesses as part of the Consumer and Business Lending Initiative. Through this program,Treasury is committing up to $15 billion through TARP to unfreeze secondary markets thatsupport the Small Business Administration's (SBA) 7(a) and 504 lending programs. Thisinitiative leverages new measures implemented under the American Recovery and ReinvestmentAct of2009 (Recovery Act) that temporarily raise the maximum guarantees for 7(a) loans andeliminate certain fees for 7(a) and 504 loans, enhancing the availability of credit to entrepreneursand business owners.

As part of this program, Treasury will stand ready to purchase securities backed by 7(a) loanspackaged since July 1, 2008. Treasury has hired an investment manager who will be authorizedto purchase these securities on behalf of Treasury. These purchases will help clear the backlogofsecurities that has built up since the beginning of the credit crisis last year, providing poolassemblers and banks with a source ofliquidity so that new lending can occur. Treasury willalso be prepared to purchase new 7(a) securities packaged before December 31, 2009, when itsauthority under the EESA expires. By making this pledge, Treasury provides assurances tocommunity banks and other lenders that they can sell the new 7(a) loans they make, providingthem with cash they can use to extend even more credit.

In order to unlock credit markets for the SBA's 504 program, Treasury will also make directpurchases of securities packaged from 504 first lien mortgages. As part of this effort, Treasurywill begin purchasing securities packaged on or after July 1, 2008, that meet eligibility criteriadesigned to protect taxpayers. In addition, Treasury will prepare to buy 504 first lien mortgagesecurities that receive new SBA guarantees. Under the Recovery Act, SBA is working todevelop a secondary market guarantee program for securities issued from pooled 504 first lienmortgage loans. Once this program is fully implemented by the SBA, Treasury will be ready topurchase these government-guaranteed securities.

Complete details on our efforts to unlock lending for small businesses are available at:http://www.financialstability.gov/roadtostabilitvJsmallbusinesscommunity.html.

Making Home Affordable

On March, 4, 2009, the Treasury released program guidelines on Making Home Affordable, acomponent of the Administration's Homeowner Affordability and Stability Plan announced in

6

February 2009. Making Home Affordable includes two separate programs: the HomeAffordable Refinance Program and the Home Affordable Modification Program. Together, theseprograms will assist as many as three to four million homeowners making a good-faith effort tostay current on their mortgage payments and will also work to prevent the destructive impact offoreclosures on families and communities.

The Home Affordable Refinance Program is targeted to eligible borrowers who are current ontheir mortgages, but have been unable to take advantage oftoday's lower interest rates becausetheir homes have decreased in value. Through the program, these homeowners may have theopportunity to refinance into a 30- or IS-year, fixed-rate loan. This refinancing program islimited to mortgage loans held in portfolio or securitized by Fannie Mae or Freddie Mac. FannieMae and Freddie Mac will use $25 billion of their own funds to cover the cost of the HomeAffordable Refinance Program.

Treasury will use up to $50 billion ofTARP funds to fund the Home Affordable ModificationProgram, the second component ofMaking Home Affordable. This program will help borrowersavoid foreclosure by modifying at-risk mortgage loans to achieve a payment the borrower canafford. To protect taxpayers and ensure sound loan modifications, borrowers must complete athree-month trial modification prior to the modification becoming firm. Borrowers must meetseveral eligibility requirements to participate in the program: (1) the mortgaged property must bethe borrower's primary residence; (2) the current monthly mortgage loan payment must begreater than 31 percent of the borrower's monthly gross income; (3) the mortgage loan amountmust not exceed current Fannie Mae and Freddie Mac conforming loan limits; and (4) the loanmust have been originated on or before January 1, 2009.

To encourage foreclosure mitigation efforts under the Home Affordable Modification Program,mortgage servicers will receive an up-front fee of$I,OOO and "pay for success" fees of$I,OOOper year for eligible loan modifications for up to three years. The program also will provide onetime bonus incentive payments of $1 ,500 to lenderlinvestors and $500 to servicers formodifications made while a borrower is still current on mortgage payments. In addition,borrowers who continue to stay current on their mortgages are eligible for up to $1,000 ofprincipal reduction payments each year for five years.

Fannie Mae and Freddie Mac will be responsible for monitoring compliance by servicers withthe program, subject to oversight by Treasury.

Complete details about the Making Home Affordable program are available athttp://www.makinghomeaffordable.gov andhttp://www.financialstability.gov/roadtostability/homeowner.html.

Public-Private Investment Program

On March 23, 2009, Treasury announced the Public-Private Investment Program (pPIP) underwhich Treasury will make targeted investments in multiple public-private investment funds inorder to purchase legacy real estate-related assets. PPIP will use $75 to $100 billion in TARP

7

capital and capital from private investors to generate up to $500 billion in purchasing power tobuy these assets, with the potential to expand to $1 trillion over time.

The PPIP is designed to draw new private capital into the market for legacy assets by providinggovernment equity co-investment and attractive public financing. This program should allow themarket to determine the price ofan asset and should help, over time, to reduce the excessiveliquidity discounts embedded in current legacy asset prices. Reducing these discounts should, inturn, free up capital and allow u.s. financial institutions to engage in new credit formation.Furthermore, enhanced clarity about the value of legacy assets should increase investorconfidence and enhance the ability of financial institutions to raise new capital from privateinvestors.

The primary areas of focus for the PPIP are the residential and commercial mortgage sectors,including both whole loans and securitizations backed by loan portfolios. These troubled assetsare held by all types of financial institutions, including those that predominantly hold the assetsin the form of loans, such as banks, and those that predominantly hold assets in the form ofsecurities, such as insurers, pension funds, mutual funds, and individual retirement accounts.While PPIP may initially target real estate-related assets, it can evolve, based on market demand,to include other asset classes.

The PPIP will operate through two key components: (1) a Legacy Loans Program, which willcomb~ne a Federal Deposit Insurance Corporation (FDIC) guarantee of debt financing withequity capital from the private sector and Treasury to support the purchase of troubled loansfrom insured depository institutions; and (2) a Legacy Securities Program, which will be a standalone Treasury program that will make equity and debt investments in pre-qualified Funds andmay allow for additional financing from the Federal Reserve through the Legacy TALF (when itbecomes operational).

Complete details on PPIP are available at:http://www.financialstability.gov/roadtostabilitylpublicprivatefund.html.

Systemically Significant Failing Institutions Program

The Systemically Significant Failing Institution Program (SSFI) is intended to provide stabilityand prevent disruptions to financial markets from the failure of a systemically significantinstitution. Treasury provided assistance to American International Group, Inc. (AIG) under theSSIF Program in November 2008.

On March 2,2009, Treasury and the Federal Reserve announced a restructuring of thegovernment's assistance to AIG with the goal of enhancing the company's capital and liquidityin order to facilitate the orderly completion of the company's global divestiture program.Specific components of the restructuring announcement include:

• Treasury will exchange its existing $40 billion cumulative perpetual preferred shares

8

for new preferred shares with revised tenns that more closely resemble common equity,improving the quality ofAIG's equity and its financial leverage. The new tenns will providefor non-cumulative dividends and limit AIG's ability to redeem the preferred stock, exceptwith the proceeds from the issuance of equity capital.

• Treasury will create a new equity capital facility, which will allow AIG to draw downup to $30 billion as needed over time in exchange for non-cumulative preferred stockto the U.S. Treasury. This facility will further strengthen AIG's capital levels andimprove its leverage.

• The Federal Reserve will take several actions relating to the Revolving Credit Facility forAIG, established by the Federal Reserve in September 2008, to further the goalsdescribed above. As required by the credit agreement governing the Revolving CreditFacility, on March 4, 2009, AIG issued shares of convertible preferred stockrepresenting an approximate 77.9 percent equity interest in AIG to an independent trustfor the sole benefit ofTreasury.

Complete infonnation on the AIG restructuring plan is available at:http://www.financialstability.gov/latest/tg44.html.

9

IV. Certification

As the Interim Assistant Secretary for the Office of Financial Stability at the United StatesDepartment of the Treasury, I am the official with delegated authority to approve purchases oftroubled assets under the Troubled Assets Relief Program. I certify to the Congress that eachdecision of my office to approve purchases of troubled assets, from the beginning of the programuntil the end of this reporting period, was based on my office's evaluation ofthe facts andcircumstances of each proposed investment, including recommendations from regulators,in order to promote financial stability and the other purposes of the Emergency EconomicStabilization Act of 2008.

Neel KashkariInterim Assistant SecretaryOffice of Financial Stability

10

V. TARP ADMINISTRATIVE EXPENSES

United States Department of TreasuryOffice of Financial Stability

Report of Administrative Obligations and Expenditures

For PertocI Ending For PertocI EndIngilardi 31, 2009 A&d'30,2OO9

~,Budget Projected Projected

Oblect Class Budlle! Object Class Title Oblillations EXDenditures Oblillations ExDendltures

PERSONNEL SERVICES I 1100 & 1200 IPERSONNEL COMPENSATION & BENEFITS $3 830 093 $2902514 $4200000 $3 500 000PERSONNEL SERVICES ToIIII: S3.83O.083 S2.902.514 ,S3.:5Cro.OOO

NON-PERSONNEL 2100 TRAVEL & TRANSPORTATION OF PERSONS 28,714 19,831 45000 45000SERVICES 2200 TRANSPORTATION OF THINGS - - - -

2300 RENTS COMMUNICATIONS UTILITIES & MISC CHARGES 598902 534152 1500000 650,000

2400 PRINTING & REPRODUCTION 395 395 400 4002500 OTHER SERVICES 25,186,838 9,567,209 32,000,000 11,000,000

2600 SUPPLIES AND MATERIALS 209,446 87,790 155,000 110,0003100 EQUIPMENT 89.887 89.887 143,000 90,000

3200 LAND & STRUCTURES 103878 97522 104000 100000N MEL lERVICES ToIIII: 'f2I,21S....... ~10,3llll,785 S1'.lI8llAOO·

. , • • . II': .. ': : 'II " 'II

11

VI. DETAILED FINANCIAL STATEMENTS

Section l05(a)(3)(A)

,L

For Period Ending March 31, 2009

Agreements Under TARP [Section 105(aX3)(A)}

Troubled Asset Relief Program

---.....Purpose

=:I _

-+-Vendor

U.S. Treasury DepartmentOffice of Financial Stability

Type ofTransaction

DateApproved

or Renewed

~l

I

1--t--

~

10/10/200810/11/200810/14/200810/16/200810/18/200810/23/200810/29/200810/29/200810/31/2008

11/7/200811/14/200811/14/2008

1213120081215/20081215/2008

12110/2008121121200812115/200812124/2008

1/6/20091/7/20091/9/2009

1/27/2009'1/27/200921212009219/2009

2112120092118/20092118/20092120/20092120/2009212212009

316120093116/20093123/20093130/20093/30/20093/30/20093/30/20093131/2009

BPA Simpson, Thacher & Bartlett Legal ServicesBPA EnnisKnupp In-.estment and Advisory Services

Financial Agent Bank of New York Mellon Custodian and Cash MangementBPA PricewatemouseCoopers Intemal Control ServicesBPA Emst & Young Accounting ServicesIAA GSA - Tumer Consulting· Archiving ServicesBPA Hughes Hubbard & Reed Legal ServicesBPA Squire Sanders & Dempsey Legal Services

Contract Lindholm & Associates· Human Resources ServicesBPA Thacher Proffitt & Wood'" Legal ServicesIAA Securities and Exchange Commission Detailees

Procurement esc Systems and Solutions IT ServicesIAA Trade and Tax Bureau - Treasury IT ServicesIAA Department of Housing and Urban Dewlopment Detailees

Procurement Washington Post Vacancy AnnouncementBPA Thacher Proffitt & Wood·· Legal ServicesIAA Pension Benefit Guaranty Corp. Legal ServicesIAA Office of Thrift Supervision Detailees

Procurement Cushman and Wakefield of VA, Inc. PaintingIAA Office of the Controller of the Currency Detailees

Procurement Colonial Parking ParkingIAA Intemal Rewnue Service Detailees

BPA Cadwalader Wickersham & Taft, LLP Legal ServicesProcurement Whitaker Brothers Bus. Machines ---- Office Machines

IAA Gowmment Accountability Office ~rsight ---Contract ~t Taylor and Associates, Inc·~mporaryEmployee ServicesContract Locke Lord Bissell & Lidell LLP Legal Services

Financial Agent Freddie Mac Homeownership ProgramFinancial Agent Fannie Mae Homeownership Program

IAA Congressional Q-.ersight Panel Q-.ersightContract Simpson, Thacher & Bartlett Legal ServicesContract Venable LLP Legal ServicesContract Boston Consulting Group Management Consulting Support

Financial Agent EARNEST Partners Asset Mangement ServicesProcurement Heery Intemational Inc. Architects

Contract McKee Nelson, LLP Legal ServicesContract Sonnenschein Nath & Rosenthal Legal ServicesContract Cadwalader Wickersham & Taft, LLP Legal ServicesContract Haynes and Boone LLP Legal Services

BPA FI Consulting· Modeling and Analysis

...

• Small or Women-, or Minority-Qwned Small Business··Contract responsiblities assumed by Sonnenschein Nath & Rosenthal via novation.

-------------1

12

VI. DETAILED FINANCIAL STATEMENTS, CONTINUED Section 105(a)(3)(B)



Insurance Contracts [Section 105(a)(3)(B)]


Name Amount

Citigroup $5,000,000,000 Section 105(a)(3)(F)



Programmatic Operating Expenses [Section 105(a)(3)(F)]


Type of Expense Amount

Compensation for financial agents and legal firms $19,074,354

13

VI. DETAILED FINANCIAL STATEMENTS, CONTINUED

Section l05(a)(3)(H)

I II I

U.S. Treasury DeparnnentOffice of Financial Stability

I ITroubled Asset Relief Program

I IDescription of Vehicles Established [Section 105(a)(3)(H»

I I

Description


IVehicleDate

None

14

VII. PROJECTED COSTS AND LIABILITIES

Section l05(a)(3)(E)



Projected Costs and Liabilities [Section 105(a)(3)(E)]


Type of Expense/Liability

None

Amount

Note: Treasury interprets this reporting requirement asapplicable to costs and liabilities related to insurancecontracts entered into under the provisions of section 102of the EESA; and the single insurance contract withCitigroup is structured such that no costs are anticipated,i.e. the currently anticipated cash inflows of the contractslightly exceed anticipated cash outflows.

The subsidy rate for this insurance contract is determinedto be -0.25 percent. Per EESA section 102(c)(3),premiums shall be set at a level necessary to meetanticipated claims. To ensure that the guarantee remainscompliant with section 102(c)(3), the Master Agreementprovides for post-signing adjustments including additionalCitigroup preferred stock, a reduction of the coveredasset pool, and/or an increased Citigroup deductible(section 5.2 of the Master Agreement). Under this sectionof the agreement, the subsidy rate will be reassessedonce the loan pools are finalized and details are providedto Treasury (changes in the composition of assets areexpected). Citigroup must either transfer more preferredstock or absorb more in first losses (it is unlikely the sizeof the asset pool would be reduced), if it is found that therisks of the assets in the loan pool exceed thoseestimated today and would not meet the requirements ofEESA section 102(c)(3). This "true-up" would occur overthe next 7 months.

15

vm. TRANSACTION REPORTS

Section l05(a)(3)(C), (D), and (G)

•

16


Troubled As••t Rell.f Program

Transactions Report

For P.rlod Ending March 27, 2009

CAPITAL PURCHASE PROGRAM

S.II.rFoot Transaction Pricingnato Date Name of Institution City State Type Description Price Paid Mechanism

10/28/2008 Bank of America Corooration Charlotte NC Purchase Preferred Stock wlWarrants 15,000,000,000 Par10/28/2008 Bank of New York Mellon Corooration New York NY Purchase Preferred Stock wlWarrants 3,000,000,000 Par10/28/2008 Citiarouo Inc. New York NY Purchase Preferred Stock wlWarrants 25,000,000,000 Par10/2812008 The Goldman Sachs Grouo. Inc. New York NY Purchase Preferred Stock wlWarrants 10,000000,000 Par10/28/2008 JPMoraan Chase & Co. New York NY Purchase Preferred Stock wlWarrants 25,000,000,000 Par10/28/2008 Moraan Stanlev New York NY Purchase Preferred Stock wlWarrants 10,000,000,000 Par10/28/2008 State Street Corooration Boston MA Purchase Preferred Stock wlWarrants 2,000,000,000 Par10/2812008 Wells Farao & Comoanv San Francisco CA Purchase Preferred Stock wlWarrants 25,000,000,000 Par11/14/2008 Bank of Commerce Holdinas Reddina CA Purchase Preferred Stock wlWarrants 17,000,000 Par11/14/2008 1st FS Corooration Hendersonville NC Purchase Preferred Stock wlWarrants 16,369,000 Par11/14/2008 UCBH Holdinas, Inc. San Francisco CA Purchase Preferred Stock wlWarrants 298,737,000 Par11/14/2008 Northern Trust Corooration Chicaao IL Purchase Preferred Stock wlWarrants 1,576,000,000 Par11/14/2008 SunTrust Banks, Inc. Atlanta GA Purchase Preferred Stock wlWarrants 3,500,000,000 Par11/14/2008 Braadwav Financial Corooration Los Anaeles CA Purchase Preferred Stock wlWarrants 9,000,000 Par11/14/2008 Washinllton Federal Inc. Seattle WA Purchase Preferred Stock wlWarrants 200,000,000 Par11/14/2008 BB&TCoro. Winston-Salem NC Purchase Preferred Stock wlWarrants 3,133,640,000 Par11/14/2008 Provident Bancshares Coro. Baltimore MD Purchase Preferred Stock wlWarrants 151,500000 Par11/14/2008 Umoaua Holdinlls Coro. Portland OR Purchase Preferred Stock wlWarrants 214,181,000 Par11/14/2008 Comerica Inc. Dallas TX Purchase Preferred Stock wlWarrants 2,250,000,000 Par11/14/2008 Rellions Financial Coro. Birrninllham AL Purchase Preferred Stock wlWarrants 3,500,000,000 Par11/14/2008 Caoital One Financial Corooration McLean VA Purchase Preferred Stock wlWarrants 3,555,199,000 Par11/14/2008 First Horizon National Corooration Memohis TN Purchase Preferred Stock wlWarrants 866,540,000 Par11/14/2008 Huntinllton Bancshares Columbus OH Purchase Preferred Stock wlWarrants 1,398,071,000 Par11/14/2008 KevCoro Cleveland OH Purchase Preferred Stock wlWarrants 2,500,000,000 Par11/14/2008 Vallev National Bancoro Wayne NJ Purchase Preferred Stock wlWarrants 300,000,000 Par11/14/2008 Zions Bancorooration Salt Lake City UT Purchase Preferred Stock wlWarrants 1,400,000,000 Par11/14/2008 Marshall & IIsley Corooration Milwaukee WI Purchase Preferred Stock wlW arrants 1,715000000 Par11/14/2008 U.S. Bancora Minneaoolis MN Purchase Preferred Stock wlWarrants 6,599,000,000 Par11/14/2008 TCF Financial Corooration WaYzata MN Purchase Preferred Stock wlW arrants 361,172000 Par11/21/2008 First Niaaara Financial Grauo Lockoort NY Purchase Preferred Stock wlWarrants 184,011,000 Par11121/2008 HF Financial Coro. Sioux Falls SO Purchase Preferred Stock wlW arrants 25,000,000 Par11/21/2008 Centerstate Banks of Florida Inc. Davenoort FL Purchase Preferred Stock wlWarrants 27,875,000 Par11/21/2008 City National Corooration Beverlv Hills CA Purchase Preferred Stock wlWarrants 400,000,000 Par11121/2008 First Community Bankshares Inc. Bluefield VA Purchase Preferred Stock wlWarrants 41,500,000 Par11/21/2008 Western Alliance Bancorooration Las Vellas NV Purchase Preferred Stock wlWarrants 140,000,000 Par11/21/2008 Webster Financial Corooration Waterbury CT Purchase Preferred Stock wlWarrants 400,000,000 Par11/21/2008 Pacific Caoital Bancoro Santa Barbara CA Purchase Preferred Stock wlWarrants 180,634,000 Par11/21/2008 Heritalle Commerce Coro. San Jose CA Purchase Preferred Stock wlWarrants 40,000,000 Par11121/2008 Ameris Bancoro Moultrie GA Purchase Preferred Stock wlWarrants 52,000,000 Par11121/2008 Porter Bancoro Inc. Louisville KY Purchase Preferred Stock wlWarrants 35,000,000 Par11/21/2008 Banner Corooration Walla Walla WA Purchase Preferred Stock wlWarrants 124,000,000 Par11121/2008 Cascade Financial Corooration Everett WA Purchase Preferred Stock wlWarrants 38,970,000 Par11121/2008 Columbia Bankinll System, Inc. Tacoma WA Purchase Preferred Stock wlWarrants 76898,000 Par11/21/2008 Heritage Financial Corooration Olvmoia WA Purchase Preferred Stock wlWarrants 24,000,000 Par11/21/2008 First PacTrust Bancoro, Inc. Chula Vista CA Purchase Preferred Stock wlWarrants 19,300,000 Par11/21/2008 Severn Bancoro. Inc. Annaoolis MD Purchase Preferred Stock wlWarrants 23393,000 Par11/21/2008 Boston Private Financial Holdinas, Inc. Boston MA Purchase Preferred Stock wlWarrants 154,000,000 Par11/21/2008 Associated Banc-Coro Green Bay WI Purchase Preferred Stock wlWarrants 525,000,000 Par11/21/2008 Trustmark Corooration Jackson MS Purchase Preferred Stock wlWarrants 215,000,000 Par11/21/2008 First Community Corooration Lexinllton SC Purchase Preferred Stock wlWarrants 11,350,000 Par11/2112008 Taylor Capital Group Rosemont IL Purchase Preferred Stock wlWarrants 104,823,000 Par11/21/2008 Nara Bancoro, Inc. Los Anaeles CA Purchase Preferred Stock wlW arrants 67,000,000 Par

1215/2008 Midwest Bane Holdinas, Inc. Melrose Park IL Purchase Preferred Stock wlWarrants 84,784,000 Par

Page 1 of9

SellerFoot Transaction Pricingnote Date Name of Institution City State Type Description Price Paid Mechanism

1215/2008 MB Financial Inc. Chicaaa IL Purchase Preferred Stock wlWarrants 196000,000 Par1215/2008 First Midwest Bancorp, Inc. Itasca IL Purchase Preferred Stock wlWarrants 193,000,000 Par1215/2008 United Community Banks, Inc. Blairsville GA Purchase Preferred Stock wlWarrants 180,000,000 Par1215/2008 Wesbanco Bank Inc. Wheelina WV Purchase Preferred Stock wlWarrants 75,000,000 Par1215/2008 Encore Bancshares Inc. Houston TX Purchase Preferred Stock wlWarrants 34,000,000 Par1215/2008 Manhattan Bancorn EI Secundo CA Purchase Preferred Stock wlWarrants 1,700,000 Par1215/2008 Iberiabank Cornoration Lafavette LA Purchase Preferred Stock wlW arrants 90,000,000 Par1215/2008 Eaale Bancorn, Inc. Bethesda MD Purchase Preferred Stock wlWarrants 38,235,000 Par1215/2008 SandY Sprina Bancorn, Inc. Olnev MD Purchase Preferred Stock wIWarrants 83,094,000 Par

Femandina1215/2008 Coastal Bankina Companv, Inc. Beach FL Purchase Preferred Stock wlWarrants 9,950,000 Par1215/2008 East West Bancom Pasadena CA Purchase Preferred Stock wlWarrants 306,546,000 Par1215/2008 South Financial Group, Inc. Greenville SC Purchase Preferred Stock wlWarrants 347,000,000 Par1215/2008 Great Southern Bancorn Sprinofield MO Purchase Preferred Stock wlWarrants 58,000,000 Par1215/2008 CathaY General Bancorn Los Anoeles CA Purchase Preferred Stock wlWarrants 258,000,000 Par1215/2008 Southern Communitv Financial Corn. Winston-Salem NC Purchase Preferred Stock wlWarrants 42,750,000 Par1215/2008 CVB Financial Corn Ontario CA Purchase Preferred Stock wlWarrants 130,000,000 Par1215/2008 First Defiance Financial Corn. Defiance OH Purchase Preferred Stock wlWarrants 37,000,000 Par1215/2008 First Financial Holdinas Inc. Charleston SC Purchase Preferred Stock wlWarrants 65,000,000 Par1215/2008 Superior Bancom Inc. Birminoham AL Purchase Preferred Stock wlWarrants 69,000,000 Par1215/2008 Southwest Bancom, Inc. Stillwater OK Purchase Preferred Stock wlWarrants 70,000,000 Par1215/2008 Popular, Inc. San Juan PR Purchase Preferred Stock wlWarrants 935,000,000 Par1215/2008 Blue ValleY Ban Corn Overland Park KS Purchase Preferred Stock wlWarrants 21,750,000 Par1215/2008 Central Federal Cornoration Fairlawn OH Purchase Preferred Stock wlWarrants 7225,000 Par1215/2008 Bank of Marin Bancoro Novato CA Purchase Preferred Stock wlWarrants 28,000,000 Par1215/2008 Bank of North Carolina Thomasville NC Purchase Preferred Stock wlWarrants 31,260,000 Par1215/2008 Central Bancoro, Inc. Somerville MA Purchase Preferred Stock wlWarrants 10,000,000 Par1215/2008 Southern Missouri Bancoro, Inc. Poplar Bluff MO Purchase Preferred Stock wlWarrants 9,550,000 Par1215/2008 State Bancoro, Inc. Jericho NY Purchase Preferred Stock wlWarrants 36,842,000 Par1215/2008 TIB Financial Coro Naples FL Purchase Preferred Stock wlWarrants 37,000000 Par1215/2008 Unity Bancoro, Inc. Clinton NJ Purchase Preferred Stock wlWarrants 20,649,000 Par12152008 Old Line Bancshares, Inc. Bowie MD Purchase Preferred Stock wlWarrants 7,000,000 Par1215/2008 FPB Bancoro, Inc. Port SI. Lucie FL Purchase Preferred Stock wlWarrants 5800,000 Par1215/2008 Sterlina Financial Corooration Sookane WA Purchase Preferred Stock wlWarrants 303,000,000 Par1215/2008 Oak Vallev Bancorn Oakdale CA Purchase Preferred Stock wlWarrants 13,500,000 Par

1211212008 Old National Bancorn Evansville IN Purchase Preferred Stock wlWarrants 100,000,000 Par1211212008 Caoital Bank Corooration Raleiah NC Purchase Preferred Stock wlWarrants 41,279,000 Par1211212008 Pacific International Bancoro Seattle WA Purchase Preferred Stock wlWarrants 6,500,000 Par1211212008 SVB Financial Group Santa Clara CA Purchase Preferred Stock wlWarrants 235,000,000 Par1211212008 LNB Bancorn Inc. Lorain OH Purchase Preferred Stock wlWarrants 25,223,000 Par1211212008 Wilminoton Trust Corooration Wilminaton DE Purchase Preferred Stock wlWarrants 330,000,000 Par1211212008 Susauehanna Bancshares, Inc Lititz PA Purchase Preferred Stock wlWarrants 300,000,000 Par1211212008 Sianature Bank New York NY Purchase Preferred Stock wlWarrants 120,000,000 Par1211212008 HopFed Bancoro Hopkinsville KY Purchase Preferred Stock wlWarrants 18,400,000 Par1211212008 Citizens Republic Bancorp, Inc. Flint MI Purchase Preferred Stock wlWarrants 300,000,000 Par1211212008 Indiana Community Bancoro Columbus IN Purchase Preferred Stock wlWarrants 21,500,000 Par1211212008 Bank ofthe Ozarks, Inc. Little Rock AR Purchase Preferred Stock wlWarrants 75,000,000 Par1211212008 Center Financial Corooration Los Anaeles CA Purchase Preferred Stock wlWarrants 55,000,000 Par1211212008 NewBridae Bancoro Greensboro NC Purchase Preferred Stock wlWarrants 52,372,000 Par1211212008 Sterlina Bancshares, Inc. Houston TX Purchase Preferred Stock wlWarrants 125,198,000 Par1211212008 The Bancoro, Inc. Wilminaton DE Purchase Preferred Stock wlWarrants 45,220,000 Par1211212008 TowneBank Porlsmouth VA Purchase Preferred Stock wlWarrants 76,458,000 Par1211212008 Wilshire Bancoro, Inc. Los Anaeles CA Purchase Preferred Stock wlW arrants 62,158,000 Par1211212008 Vallev Financial Cornoration Roanoke VA Purchase Preferred Stock wlWarrants 16,019,000 Par1211212008 Indeoendent Bank Corooration Ionia MI Purchase Preferred Stock wlW arrants 72,000,000 Par1211212008 Pinnacle Financial Partners, Inc. Nashville TN Purchase Preferred Stock wlWarrants 95,000,000 Par1211212008 First Litchfield Financial Corooration Litchfield CT Purchase Preferred Stock wlWarrants 10,000,000 Par1211212008 National Penn Bancshares, Inc. Boyertown PA Purchase Preferred Stock wlWarrants 150,000,000 Par1211212008 Northeast Bancoro Lewiston ME Purchase Preferred Stock wlWarrants 4227000 Par1211212008 Citizens South Bankina Corooration Gastonia NC Purchase Preferred Stock wlWarrants 20,500,000 Par1211212008 Virainia Commerce Bancorn Arlinaton VA Purchase Preferred Stock wlWarrants 71,000,000 Par1211212008 Fidelity Bancorn, Inc. Pittsburah PA Purchase Preferred Stock wlWarrants 7,000,000 Par1211212008 LSB Cornoration Norlh Andover MA Purchase Preferred Stock wlWarrants 15,000,000 Par12119/2008 Intermountain Community Bancoro Sandooint 10 Purchase Preferred Stock wIW arrants 27,000,000 Par

Page 2 of9

SellerFoot Transaction Pricingnote Date Name of institution City State Type Description Price Paid Mechanism

12119/2008 Community West Bancshares Goleta CA Purchase Preferred Stock wlWarrants 15,600,000 Par12119/2008 Svnows Financial Corp. Columbus GA Purchase Preferred Stock wlWarrants 967,870,000 Par12119/2008 Tennessee Commerce Bancom, Inc. Franklin TN Purchase Preferred Stock wlWarrants 30,000,000 Par12119/2008 Community Bankers Trust Comoration Glen Allen VA Purchase Preferred Stock wlWarrants 17,680,000 Par12119/2008 BancTrust Financial Groua. Inc. Mobile AL Purchase Preferred Stock wlWarrants 50,000,000 Par12119/2008 Entemrise Financial Services Cora. S!. Louis MO Purchase Preferred Stock wlWarrants 35,000,000 Par12119/2008 Mid Penn Bancora, Inc. Millersburo PA Purchase Preferred Stock wlWarrants 10,000,000 Par12119/2008 Summit State Bank Santa Rosa CA Purchase Preferred Stock wlWarrants 8,500,000 Par12119/2008 VlST Financial Com. Wvomissino PA Purchase Preferred Stock wlW arrants 25,000,000 Par12119/2008 Wainwrioht Bank & Trust Comoanv Boston MA Purchase Preferred Stock wlWarrants 22,000,000 Par12119/2008 WhitneY Holdina Comoration New Orleans LA Purchase Preferred Stock wlW arrants 300,000,000 Par12119/2008 The Connecticut Bank and Trust Comaanv Hartford CT Purchase Preferred Stock wIW arrants 5,448,000 Par12119/2008 CoBiz Financial Inc. Denver CO Purchase Preferred Stock wlWarrants 64,450000 Par12119/2008 Santa Lucia Bancoro Atascadero CA Purchase Preferred Stock wlWarrants 4,000,000 Par12119/2008 Seacoast Bankina Corooration of Florida Stuart FL Purchase Preferred Stock wlWarrants 50,000,000 Par12119/2008 Horizon Bancoro Michiaan City IN Purchase Preferred Stock wlW arrants 25,000,000 Par12119/2008 Fidelitv Southern Corooration Allanta GA Purchase Preferred Stock wlWarrants 48,200,000 Par12119/2008 Community Financial Corooration Staunton VA Purchase Preferred Stock wlW arrants 12,643,000 Par12119/2008 Berkshire Hills Bancorp, Inc. Pittsfield MA Purchase Preferred Stock wlWarrants 40,000,000 Par12119/2008 First California Financial Group, Inc Westlake Villaae CA Purchase Preferred Stock wlWarrants 25,000,000 Par12119/2008 AmeriServ Financial, Inc Johnstown PA Purchase Preferred Stock wlWarrants 21,000,000 Par12119/2008 Security Federal Comoration Aiken SC Purchase Preferred Stock wlWarrants 18,000,000 Par12119/2008 Wintrust Financial Comoration Lake Forest IL Purchase Preferred Stock wlWarrants 250,000,000 Par12119/2008 Flushino Financial Comoration Lake Success NY Purchase Preferred Stock wlWarrants 70,000,000 Par12119/2008 Monarch Financial Holdinos, Inc. Chesaaeake VA Purchase Preferred Stock wlWarrants 14,700,000 Par12119/2008 SteliarCne Corooration Charlottesville VA Purchase Preferred Stock wlWarrants 30000000 Par12119/2008 Union Bankshares Corooration Bowlino Green VA Purchase Preferred Stock wlWarrants 59,000,000 Par12119/2008 Tidelands Bancshares, Inc M!. Pleasant SC Purchase Preferred Stock wlWarrants 14,448,000 Par12119/2008 Bancoro Rhode Island, Inc. Providence RI Purchase Preferred Stock wlWarrants 30,000,000 Par12119/2008 Hawlhom Bancshares, Inc. Lee's Summit MO Purchase Preferred Stock wlWarrants 30,255,000 Par12119/2008 The Elmira Savinas Bank, FSB Elmira NY Purchase Preferred Stock wlWarrants 9,090,000 Par12119/2008 Alliance Financial Corooration Syracuse NY Purchase Preferred Stock wlWarrants 26,918,000 Par12119/2008 Heartland Financial USA, Inc. Dubuoue IA Purchase Preferred Stock wlWarrants 81,698,000 Par12119/2008 Citizens First Corooration Bowlina Green KY Purchase Preferred Stock wlWarrants 8,779,000 Par

2 12119/2008 FFW Corooration Wabash IN Purchase Preferred Stock wi Exercised Warrants 7,289,000 Par2 12119/2008 Plains Caaital Corooration Dallas TX Purchase Preferred Stock wi Exercised Warrants 87,631000 Par2 12119/2008 Tri-Countv Financial Corooration Waldorf MD Purchase Preferred Stock wi Exercised Warrants 15,540,000 Par3 12119/2008 OneUnited Bank Boston MA Purchase Preferred Stock 12,063,000 Par2 12119/2008 Patriot Bancshares, Inc. Houston TX Purchase Preferred Stock wi Exercised Warrants 26,038,000 Par2 12119/2008 Pacific City Financial Corporation Los Anaeles CA Purchase Preferred Stock wi Exercised Warrants 16,200,000 Par2 12119/2008 Marauette National Corooration Chicaao IL Purchase Preferred Stock wi Exercised Warrants 35,500,000 Par2 12119/2008 Exchange Bank Santa Rosa CA Purchase Preferred Stock wi Exercised Warrants 43,000,000 Par2 12119/2008 Monadnock Bancoro, Inc. Peterborough NH Purchase Preferred Stock wi Exercised Warrants 1,834,000 Par2 12119/2008 Bridgeview Bancoro, Inc. Bridgeview IL Purchase Preferred Stock wi Exercised Warrants 38,000,000 Par2 12119/2008 Fidelity Financial Corporation Wichita KS Purchase Preferred Stock wi Exercised Warrants 36,282,000 Par2 12119/2008 Patapsco Bancorp, Inc. Dundalk MD Purchase Preferred Stock wi Exercised Warrants 6,000,000 Par2 12119/2008 NCAL Bancorp Los Anoeles CA Purchase Preferred Stock.wl Exercised Warrants 10,000,000 Par2 12119/2008 FCB Bancom, Inc. Louisville KY Purchase Preferred Stock wi Exercised Warrants 9,294,000 Par

12123/2008 First Financial Bancom Cincinnati OH Purchase Preferred Stock wi Warrants 80,000,000 Par12123/2008 Bridoe Caaital Holdinas San Jose CA Purchase Preferred Stock wi Warrants 23,864,000 Par12123/2008 International Bancshares Corooration Laredo TX Purchase Preferred Stock wi Warrants 216,000,000 Par12123/2008 First Sound Bank Seattle WA Purchase Preferred Stock wi Warrants 7,400000 Par12123/2008 M&T Bank Corooration Buffalo NY Purchase Preferred Stock wi Warrants 600,000,000 Par12123/2008 Emclaire Financial Coro. Emlenton PA Purchase Preferred Stack wi Warrants 7,500,000 Par12123/2008 Park National Corooration Newark OH Purchase Preferred Stock wi Warrants 100,000,000 Par12123/2008 Green Bankshares, Inc. Greeneville TN Purchase Preferred Stack wi Warrants 72,278,000 Par12123/2008 Cecil Bancoro, Inc. Elkton MD Purchase Preferred Stack wi Warrants 11,560,000 Par12123/2008 Financiallnslilutions, Inc. Warsaw NY Purchase Preferred Stock wi Warrants 37,515,000 Par12123/2008 Fulton Financial Corooration Lancaster PA Purchase Preferred Stack wi Warrants 376,500,000 Par12123/2008 United Bancomoration of Alabama, Inc. Almore AL Purchase Preferred Stock wi Warrants 10,300,000 Par12123/2008 MutualFirst Financial, Inc. Muncie IN Purchase Preferred Stack wi Warrants 32,382,000 Par12123/2008 BCSB Bancoro, Inc. Baltimore MD Purchase Preferred Stock wi Warrants 10800000 Par12123/2008 HMN Financial, Inc. Rochester MN Purchase Preferred Stock wi Warrants 26,000,000 Par12123/2008 First Community Bank Corooration of America Pinellas Park FL Purchase Preferred Stock wi Warrants 10,685,000 Par

Page 3 of9


12123/2008 Sterlino Bancom New York NY Purchase Preferred Stock wi Warrants 42,000,000 Par12123/2008 IntelVest Bancshares Comoration New York NY Purchase Preferred Stock wi Warrants 25,000,000 Par12123/2008 Peooles Bancom of North Carolina, Inc. Newton NC Purchase Preferred Stock wi Warrants 25,054,000 Par12123/2008 Parkyale Financial Comoration Monroeville PA Purchase Preferred Stock wi Warrants 31,762,000 Par12123/2008 Timberland Bancom, Inc. Hoouiam WA Purchase Preferred Stock wi Warrants 16,641,000 Par12/23/2008 1st Constitution Bancom CranbulV NJ Purchase Preferred Stock wi Warrants 12,000,000 Par12123/2008 Central Jersey Bancoro Oakhurst NJ Purchase Preferred Stock wi Warrants 11,300,000 Par

2 12123/2008 Western Illinois Bancshares Inc. Monmouth IL Purchase Preferred Stock wi Exercised Warrants 6,855,000 Par2 12123/2008 Saioon National Bank Westminster CA Purchase Preferred Stock wi Exercised Warrants 1,549,000 Par2 12123/2008 Caoital Pacific Bancom Portland OR Purchase Preferred Stock wi Exercised Warrants 4,000000 Par2 12123/2008 Uwharrie Caoital Com Albemarle NC Purchase Preferred Stock wi Exercised Warrants 10,000,000 Par3 12123/2008 Mission Valley Bancom Sun Valley CA Purchase Preferred Stock 5,500,000 Par2 12123/2008 The Little Bank, Incomorated Kinston NC Purchase Preferred Stock wi Exercised Warrants 7,500,000 Par2 12123/2008 Pacific Commerce Bank Los Angeles CA Purchase Preferred Stock wi Exercised Warrants 4,060,000 Par2 12123/2008 Citizens Communilv Bank South Hill VA Purchase Preferred Stock wi Exercised Warrants 3,000,000 Par2 12123/2008 Seacoast Commerce Bank Chula Vista CA Purchase Preferred Stock wi Exercised Warrants 1,800,000 Par2 12123/2008 TCNB Financial Com. Dayton OH Purchase Preferred Stock wi Exercised Warrants 2,000,000 Par2 12123/2008 Leader Bancom, Inc. Arlinoton MA Purchase Preferred Stock wi Exercised Warrants 5,830,000 Par2 12123/2008 Nicolet Bankshares, Inc. Green Bay WI Purchase Preferred Stock wi Exercised Warrants 14,964,000 Par2 12123/2008 Maona Bank Memohis TN Purchase Preferred Stock wi Exercised Warrants 13,795,000 Par2 1212312008 Western Communilv Bancshares, Inc. Palm Desert CA Purchase Preferred Stock wi Exercised Warrants 7,290,000 Par2 12123/2008 Community InYestors Bancom, Inc. Bucyrus OH Purchase Preferred Stock wi Exercised Warrants 2,600,000 Par2 12123/2008 Caoital Bancom, Inc. Rockville MD Purchase Preferred Stock wi Exercised Warrants 4,700,000 Par2 1212312008 Cache ValleY Bankino Comoany Looan UT Purchase Preferred Stock wi Exercised Warrants 4,767,000 Par2 12123/2008 Citizens Bancom Neyada City CA Purchase Preferred Stock wi Exercised Warrants 10,400,000 Par2 12123/2008 Tennessee ValleY Financial Holdinos Inc. Oak Ridoe TN Purchase Preferred Stock wi Exercised Warrants 3,000,000 Par2 12123/2008 Pacific Coast Bankers' Bancshares San Francisco CA Purchase Preferred Stock wi Exercised Warrants 11,600,000 Par

12131/2008 SunTrust Banks, Inc. Atlanta GA Purchase Preferred Stock wi Warrants 1,350,000,000 Par12131/2008 The PNC Financial Services Grouo Inc. Pittsburah PA Purchase Preferred Stock wi Warrants 7,579,200,000 Par12131/2008 Fifth Third Bancom Cincinnati OH Purchase Preferred Stock wi Warrants 3,408,000,000 Par12/31/2008 Hamoton Roads Bankshares, Inc. Norfolk VA Purchase Preferred Stock wi Warrants 80,347,000 Par12131/2008 CIT Group Inc. New York NY Purchase Preferred Stock wi Warrants 2,330,000,000 Par

West Des12131/2008 West Bancorooration, Inc. Moines IA Purchase Preferred Stock wi Warrants 36,000,000 Par

2 12131/2008 First Banks Inc. Clayton MO Purchase Preferred Stock wi Exercised Warrants 295,400,000 Par1 1/9/2009 Bank of America Comoration Charlotte NC Purchase Preferred Stock wi Warrants 10,000,000,000 Par

1/9/2009 FirstMerit Comoration Akron OH Purchase Preferred Stock wi Warrants 125,000,000 Par1/9/2009 Farmers Caoital Bank Corporation Frankfort KY Purchase Preferred Stock wi Warrants 30,000,000 Par1/9/2009 Peapack-Gladstone Financial Corporation Gladstone NJ Purchase Preferred Stock wi Warrants 28,685,000 Par1/9/2009 Commerce National Bank Newoort Beach CA Purchase Preferred Stock wi Warrants 5,000,000 Par1/9/2009 The First Bancorp, Inc. Damariscotta ME Purchase Preferred Stack wi Warrants 25,000,000 Par1/9/2009 Sun Bancorp, Inc. Vineland NJ Purchase Preferred Stock wi Warrants 89,310,000 Par1/9/2009 Crescent Financial Corporation Cary NC Purchase Preferred Stock wi Warrants 24,900,000 Par1/9/2009 American Exoress Comoany New York NY Purchase Preferred Stock wi Warrants 3,388,890,000 Par1/9/2009 Central Pacific Financial Com. Honolulu HI Purchase Preferred Stock wi Warrants 135,000,000 Par1/9/2009 Centrue Financial Comoration SI. Louis MO Purchase Preferred Stock wi Warrants 32,668000 Par1/9/2009 Eastem Viroinia Bankshares, Inc. Taooahannock VA Purchase Preferred Stock wi Warrants 24,000,000 Par1/9/2009 Colony Bankcorp, Inc. Fitzoerald GA Purchase Preferred Stock wi Warrants 28,000,000 Par1/9/2009 Indeoendent Bank Corp. Rockland MA Purchase Preferred Stock wi Warrants 78,158,000 Par1/9/2009 Cadence Financial Corporation Starkville MS Purchase Preferred Stock wi Warrants 44,000,000 Par1/9/2009 LCNB Corp. Lebanon OH Purchase Preferred Stock wi Warrants 13,400,000 Par1/9/2009 Center Bancorp, Inc. Union NJ Purchase Preferred Stock wi Warrants 10,000,000 Par1/9/2009 F.N.B. Corporation Hermitaoe PA Purchase Preferred Stock wi Warrants 100,000,000 Par119/2009 C&F Financial Corporation West Point VA Purchase Preferred Stock wi Warrants 20,000,000 Par1/9/2009 North Central Bancshares, Inc. Fort Dodge IA Purchase Preferred Stock wi Warrants 10,200,000 Par1/9/2009 Carolina Bank Holdings, Inc. Greensboro NC Purchase Preferred Stock wi Warrants 16,000,000 Par1/9/2009 First Bancorp Troy NC Purchase Preferred Stock wi Warrants 65,000,000 Par1/9/2009 First Financial Service Comoration Elizabethtown KY Purchase Preferred Stock wi Warrants 20,000,000 Par1/9/2009 Codorus Valley Bancom. Inc. York PA Purchase Preferred Stock wi Warrants 16,500000 Par1/9/2009 MidSouth Bancom, Inc. Lafayette LA Purchase Preferred Stock wi Warrants 20,000,000 Par1/9/2009 First Security Grouo, Inc. Chattanooaa TN Purchase Preferred Stock wi Warrants 33,000,000 Par1/9/2009 Shore Bancshares, Inc. Easton MD Purchase Preferred Stock wi Warrants 25,000,000 Par

2 1/9/2009 The Queensborouah Company Louisville GA Purchase Preferred Stock wi Exercised Warrants 12,000,000 Par2 1/9/2009 American State Bancshares Inc. Great Bend KS Purchase Preferred Stock wi Exercised Warrants 6,000,000 Par

Page 4 of9


2 119/2009 Security Califomia Bancorp Riverside CA Purchase Preferred Stock wi Exercised Warrants 6,815,000 Par2 1/9/2009 Security Business Bancorp San Diego CA Purchase Preferred Stock wi Exercised Warrants 5,803,000 Par2 119/2009 Sound Bankino Comoany Morehead City NC Purchase Preferred Stock wi Exercised Warrants 3,070000 Par3 119/2009 Mission Communilv Bancom San Luis Obisoo CA Purchase Preferred Stock 5,116,000 Par2 119/2009 Redwood Financial Inc. Redwood Falls MN Purchase Preferred Stock wi Exercised Warrants 2,995,000 Par2 119/2009 Surrey Bancom MountAirv NC Purchase Preferred Stock wi Exercised Warrants 2,000,000 Par2 1/9/2009 Indeoendence Bank East Greenwich RI Purchase Preferred Stock wi Exercised Warrants 1,065,000 Par2 1/9/2009 ValleY Communilv Bank Pleasanton CA Purchase Preferred Stock wi Exercised Warrants 5,500,000 Par2 1/9/2009 Rising Sun Bancorp Risina Sun MD Purchase Preferred Stock wi Exercised Warrants 5,983,000 Par2 1/9/2009 Community Trust Financial Corporation Ruston LA Purchase Preferred Stock wi Exercised Warrants 24,000,000 Par2 1/9/2009 GrandSouth Bancorporation Greenville SC Purchase Preferred Stock wi Exercised Warrants 9,000,000 Par2 1/9/2009 Texas National Bancorporation Jacksonville TX Purchase Preferred Stock wi Exercised Warrants 3,981,000 Par2 1/9/2009 Conaaree Bancshares, Inc. Cayce SC Purchase Preferred Stock wi Exercised Warrants 3,285,000 Par2 1/9/2009 New York PriYate Bank & Trust Corporation New York NY Purchase Preferred Stock wi Exercised Warrants 267,274,000 Par

1/16/2009 Home Bancshares, Inc. Conway AR Purchase Preferred Stock wi Warrants 50,000,000 Par1/1612009 Washinaton Bankina ComoanYI Whidbey Island Ban Oak Harbor WA Purchase Preferred Stock wi Warrants 26,380,000 Par1/16/2009 New Hamoshire Thrift Bancshares, Inc. Newoort NH Purchase Preferred Stock wi Warrants 10,000,000 Par1/16/2009 Bar Harbor Bankshares/Bar Harbor Bank & Trust Bar Harbor ME Purchase Preferred Stock wi Warrants 18,751,000 Par1/16/2009 Somerset Hills Bancorp Bernardsville NJ Purchase Preferred Stock wi Warrants 7,414,000 Par1/16/2009 SCBT Financial Corporation Columbia SC Purchase Preferred Stock wi Warrants 64,779,000 Par1/16/2009 S&T Bancorp Indiana PA Purchase Preferred Stock wi Warrants 108,676,000 Par1/16/2009 ECB Bancorp, Inc./East Carolina Bank Engelhard NC Purchase Preferred Stock wi Warrants 17,949,000 Par1/16/2009 First BanCorp San Juan PR Purchase Preferred Stock wi Warrants 400000000 Par1/16/2009 Texas Capital Bancshares, Inc. Dallas TX Purchase Preferred Stock wi Warrants 75,000,000 Par1/16/2009 Yadkin Valley Financial Comoration Elkin NC Purchase Preferred Stock wi Warrants 36,000,000 Par

3 1/16/2009 Carver Bancom, Inc New York NY Purchase Preferred Stock 18980,000 Par1/16/2009 Citizens & Northern Comoration Wellsboro PA Purchase Preferred Stock wi Warrants 26,440,000 Par1/16/2009 MainSource Financial Grouo, Inc. Greensburo IN Purchase Preferred Stock wi Warrants 57,000,000 Par1/16/2009 MetroCom Bancshares, Inc. Houston TX Purchase Preferred Stock wi Warrants 45,000,000 Par1/16/2009 Un~ed Bancoro, Inc. Tecumseh MI Purchase Preferred Stock wi Warrants 20,600,000 Par1/16/2009 Old Second Bancom, Inc. Aurora IL Purchase Preferred Stock wi Warrants 73,000,000 Par1/16/2009 Pulaski Financial Com Creve Coeur MO Purchase Preferred Stock wi Warrants 32,538,000 Par1/16/2009 OceanFirst Financial Com. Toms Riyer NJ Purchase Preferred Stock wi Warrants 38,263,000 Par

2 1/16/2009 Community 1st Bank Roseville CA Purchase Preferred Stock wi Exercised Warrants 2,550,000 Par2 1/16/2009 TCB Holdino Comoany, Texas Communilv Bank The Woodlands TX Purchase Preferred Stock wi Exercised Warrants 11,730,000 Par2 1/16/2009 Centra Financial Holdinos, Inc./Centra Bank, Inc. Moroantown WV Purchase Preferred Stock wi Exercised Warrants 15,000000 Par2 1/16/2009 First Bankers Trustshares, Inc. Quincy IL Purchase Preferred Stock wi Exercised Warrants 10,000,000 Par2 1/16/2009 Pacific Coast National Bancom San Clemente CA Purchase Preferred Stock wi Exercised Warrants 4,120,000 Par3 1/16/2009 Community Bank olthe Bay Oakland CA Purchase Preferred Stock 1,747,000 Par2 1/16/2009 Redwood Caoital Bancom Eureka CA Purchase Preferred Stock wi Exercised Warrants 3,800,000 Par2 1/16/2009 Syrinaa Bancorp Boise ID Purchase Preferred Stock wi Exercised Warrants 8,000,000 Par2 1/16/2009 Idaho Bancorp Boise ID Purchase Preferred Stock wi Exercised Warrants 6,900,000 Par2 1/16/2009 Puaet Sound Bank Bellevue WA Purchase Preferred Stock wi Exercised Warrants 4,500,000 Par2 1/16/2009 United Financial Bankina Companies, Inc. Vienna VA Purchase Preferred Stock wi Exercised Warrants 5,658,000 Par2 1/16/2009 Dickinson Financial Corporation II Kansas City MO Purchase Preferred Stock wi Exercised Warrants 146,053,000 Par2 1/16/2009 The Baraboo Bancorporation Baraboo WI Purchase Preferred Stock wi Exercised Warrants 20,749,000 Par2 1/16/2009 Bank of Commerce Charlotte NC Purchase Preferred Stock wi Exercised Warrants 3,000,000 Par2 1/16/2009 Stale Bankshares, Inc. Fargo ND Purchase Preferred Stock wi Exercised Warrants 50,000,000 Par2 1/16/2009 BNCCORP, Inc. Bismarck ND Purchase Preferred Stock wi Exercised Warrants 20,093,000 Par2 1/16/2009 First Manitowoc Bancorp, Inc. Manitowoc WI Purchase Preferred Stock wi Exercised Warrants 12,000,000 Par3 1/16/2009 Southern Bancom, Inc. Arkadelphia AR Purchase Preferred Stock 11,000,000 Par2 1/16/2009 Monill Bancshares, Inc. Meniam KS Purchase Preferred Stock wi Exercised Warrants 13000000 Par2 1/16/2009 Treaty Oak Bancom, Inc. Austin TX Purchase Preferred Stock wi Exercised Warrants 3,268,000 Par

1/23/2009 1st Source Comoration South Bend IN Purchase Preferred Stock wi Warrants 111,000,000 Par1/23/2009 Princeton National Bancom, Inc. Princeton IL Purchase Preferred Stock wi Warrants 25,083,000 Par1/2312009 AB&T Financial Comoration Gastonia NC Purchase Preferred Stock wi Warrants 3,500,000 Par1/23/2009 First Citizens Banc Corp Sandusky OH Purchase Preferred Stock wi Warrants 23,184,000 Par1/2312009 WSFS Financial Corporation Wilmington DE Purchase Preferred Stock wi Warrants 52,625,000 Par

2 1/23/2009 Commonwealth Business Bank Los Angeles CA Purchase Preferred Stock wi Exercised Warrants 7,701,000 Par2 1123/2009 Seaside National Bank & Trust Orlando FL Purchase Preferred Stock wi Exercised Warrants 5,677,000 Par

Rancho Santa2 1123/2009 CalWest Bancorp Margarita CA Purchase Preferred Stock wi Exercised Warrants 4,656000 Par2 1/2312009 Fresno First Bank Fresno CA Purchase Preferred Stock wi Exercised Warrants 1,968,000 Par2 1/23/2009 First ULB Com. Oakland CA Purchase Preferred Stock wi Exercised Warrants 4,900000 Par

Page 5 of 9


2 1/23/2009 A1arion Financial Services, Inc. Ocala FL Purchase Preferred Stock wi Exercised Warrants 6,514,000 Par2 1/2312009 Midland States Bancoro, Inc. Effinoham IL Purchase Preferred Stock wi Exercised Warrants 10,189,000 Par2 1123/2009 Moscow Bancshares, Inc. Moscow TN Purchase Preferred Stock wi Exercised Warrants 6,216,000 Par2 1123/2009 Farmers Bank Windsor VA Purchase Preferred Stock wi Exercised Warrants 8,752,000 Par2 1/23/2009 Califomia Oaks State Bank Thousand Oaks CA Purchase Preferred Stock wi Exercised Warrants 3,300,000 Par2 1/23/2009 Pierce County Bancoro Tacoma WA Purchase Preferred Stock wi Exercised Warrants 6,800,000 Par2 1/23/2009 Calvert Financial Corooration Ashland MO Purchase Preferred Stock wi Exercised Warrants 1,037,000 Par2 1/23/2009 Libertv Bancshares, Inc. Jonesboro AR Purchase Preferred Stock wi Exercised Warrants 57,500,000 Par2 1/23/2009 Crosstown HoldinQ COmDany Blaine MN Purchase Preferred Stock wi Exercised Warrants 10,650,000 Par2 1/23/2009 BankFirst CaDital Corooration Macon MS Purchase Preferred Stock wi Exercised Warrants 15500000 Par2 1/23/2009 Southem Illinois Bancoro, Inc. Carmi IL Purchase Preferred Stock wi Exercised Warrants 5,000,000 Par2 1/23/2009 FPB Financial COrn. Hammond LA Purchase Preferred Stock wi Exercised Warrants 3,240,000 Par2 1/23/2009 StonebridQe Financial Corn. West Chester PA Purchase Preferred Stock wi Exercised Warrants 10,973,000 Par

1/30/2009 PeoDles Bancorn Inc. Marietta OH Purchase Preferred Stock wlWarrants 39,000,000 Par1/30/2009 Anchor BanCorn Wisconsin Inc. Madison WI Purchase Preferred Stock wlWarrants 110,000,000 Par1/30/2009 Parke Bancoro, Inc. Sewell NJ Purchase Preferred Stock wlWarrants 16,288,000 Par1/30/2009 Central VirQinia Bankshares, Inc. Powhatan VA Purchase Preferred Stock wlWarrants 11,385,000 Par1/30/2009 Flaostar Bancoro, Inc. Troy MI Purchase Preferred Stock wlWarrants 266,657,000 Par1/30/2009 Middleburo Financial Corooration Middlebul'Q VA Purchase Preferred Stock wlWarrants 22,000,000 Par1/30/2009 Peninsula Bank Holdino Co. Palo Alto CA Purchase Preferred Stock wlWarrants 6,000,000 Par1/30/2009 PriyateBancoro, Inc. Chicaoo IL Purchase Preferred Stock wlWarrants 243,815,000 Par1/30/2009 Central ValleY Community Bancoro Fresno CA Purchase Preferred Stock wlWarrants 7,000,000 Par1/30/2009 Plumas Bancoro Quincy CA Purchase Preferred Stock wlWarrants 11,949,000 Par1/30/2009 StewardshiD Financial Corooration Midland Park NJ Purchase Preferred Stock wlWarrants 10,000,000 Par1/30/2009 Oak RidQe Financial Services, Inc. Oak RidQe NC Purchase Preferred Stock wlWarrants 7,700,000 Par1/30/2009 First United Corooration Oakland MD Purchase Preferred Stock wlWarrants 30,000,000 Par1/30/2009 Community Partners Bancoro Middletown NJ Purchase Preferred Stock wlWarrants 9,000,000 Par1/30/2009 Guaranty Federal Bancshares, Inc. SDrinllfield MO Purchase Preferred Stock wlWarrants 17,000,000 Par1/30/2009 Annaoolis Bancoro, Inc. Annaoolis MD Purchase Preferred Stock wlWarrants 8,152,000 Par1/30/2009 DNB Financial Corooration Downinotown PA Purchase Preferred Stock wlWarrants 11,750,000 Par1/30/2009 Firstbank Corooration Alma MI Purchase Preferred Stock wlWarrants 33,000000 Par

2 1/30/2009 ValleY Commerce Bancoro Visalia CA Purchase Preferred Stock wi Exercised Warrants 7,700,000 Par2 1/30/2009 Greer Bancshares Incoroorated Greer SC Purchase Preferred Stock wi Exercised Warrants 9,993,000 Par2 1/30/2009 O'ai Communilv Bank O'ai CA Purchase Preferred Stock wi Exercised Warrants 2,080,000 Par2 1130/2009 Adbanc, Inc OQallala NE Purchase Preferred Stock wi Exercised Warrants 12,720,000 Par

Manhattan2 1/30/2009 Beach Business Bank Beach CA Purchase Preferred Stock wi Exercised Warrants 6,000,000 Par3 1/3012009 LeQacy Bancoro, Inc. Milwaukee WI Purchase Preferred Stock 5,498,000 Par~ Irs ~oumem tlanCOlll, nco oca Ka on "IJrcnase e erre ~IOCK w :xerCISBll arrams ar2 1130/2009 Country Bank Shares, Inc. Milford NE Purchase Preferred Stock wi Exercised Warrants 7,525,000 Par2 1/30/2009 Katahdin Bankshares COrn. Houlton ME Purchase Preferred Stock wi Exercised Warrants 10,449,000 Par2 1/30/2009 ROQers Bancshares, Inc. Liltle Rock AR Purchase Preferred Stock wi Exercised Warrants 25,000,000 Par2 1/30/2009 UBT Bancshares, Inc. Marysville KS Purchase Preferred Stock wi Exercised Warrants 8,950,000 Par2 1/30/2009 Bankers' Bank of the West Bancoro, Inc. Denyer CO Purchase Preferred Stock wi Exercised Warrants 12,639,000 Par2 1/30/2009 W.T.B. Financial COrnoration SDokane WA Purchase Preferred Stock wi Exercised Warrants 110,000,000 Par2 1/30/2009 AMB Financial COrn. Munster IN Purchase Preferred Stock wi Exercised Warrants 3,674,000 Par2 1/30/2009 Goldwater Bank, N.A. Scottsdale AZ. Purchase Preferred Stock wi Exercised Warrants 2,568,000 Par2 1130/2009 Eouity Bancshares, Inc. Wichita KS Purchase Preferred Stock wi Exercised Warrants 8750000 Par2 1/30/2009 WashinotonFirst Bank Reston VA Purchase Preferred Stock wi Exercised Warrants 6,633,000 Par2 1/30/2009 Central Bancshares, Inc. Houston TX Purchase Preferred Stock wi Exercised Warrants 5,800,000 Par2 1/30/2009 Hilltoo Community Bancoro, Inc. Summit NJ Purchase Preferred Stock wi Exercised Warrants 4,000,000 Par2 1/30/2009 NorthwaY Financial, Inc. Bertin NH Purchase Preferred Stock wi Exercised Warrants 10,000,000 Par2 1/30/2009 Monument Bank Bethesda MD Purchase Preferred Stock wi Exercised Warrants 4,734,000 Par2 1/30/2009 Metro City Bank Doraville GA Purchase Preferred Stock wi Exercised Warrants 7,700,000 Par2 1/30/2009 F & M Bancshares, Inc. Trezeyant TN Purchase Preferred Stock wi Exercised Warrants 4,609,000 Par2 1/30/2009 First Resource Bank Exton PA Purchase Preferred Stock wi Exercised Warrants 2,600,000 Par

216/2009 MidWestOne Financial GrouD, Inc. lowaCity IA Purchase Preferred Stock wlWarrants 16000,000 Par216/2009 Lakeland Bancorn, Inc. Oak Ridge NJ Purchase Preferred Stock wlWarrants 59000000 Par216/2009 Monarch Communilv Bancoro, Inc. Coldwater MI Purchase Preferred Stock wlWarrants 6,785,000 Par216/2009 The First Bancshares, Inc. HattiesburQ MS Purchase Preferred Stack wlWarrants 5,000,000 Par216/2009 Carolina Trust Bank Lincolnton NC Purchase Preferred Stack wlWarrants 4,000,000 Par216/2009 Alaska Pacific Bancshares, Inc. Juneau AK Purchase Preferred Stack wlWarrants 4,781,000 Par

3 216/2009 PGB HoldinQs, Inc. ChicaQo IL Purchase Preferred Stock 3,000,000 Par2 216/2009 The Freeoort State Bank Harner KS Purchase Preferred Stack wi Exercised Warrants 301,000 Par

Page 6 019

SellerFoot Transaction Pricingnote Date Name of Instltution City State Type Description Price Paid Mechanism

2 216/2009 Stockmens Financial Corporation Raoid City SO Purchase Preferred Stock wi Exercised Warrants 15,568,000 Par2 216/2009 US Metro Bank Garden Grove CA Purchase Preferred Stock wi Exercised Warrants 2,861,000 Par2 216/2009 First Exnress of Nebraska, Inc. Gerinll NE Purchase Preferred Stock wi Exercised Warrants 5,000,000 Par2 216/2009 Mercantile Caoital Coro. Boston MA Purchase Preferred Stock wi Exercised Warrants 3,500,000 Par2 216/2009 Citizens Commerce Bancshares, Inc. Versailles KY Purchase Preferred Stock wi Exercised Warrants 6,300,000 Par3 216/2009 UbertY Financial Services, Inc. NewOrieans LA Purchase Preferred Stock 5,645,000 Par2 216/2009 Lone Star Bank Houston TX Purchase Preferred Stock wi Exercised Warrants 3,072,000 Par2 216/2009 First Market Bank, FSB Richmond VA Purchase Preferred Stock wi Exercised Warrants 33,900,000 Par2 216/2009 Banner Countv Ban Corporation Harrisburo NE Purchase Preferred Stock wi Exercised Warrants 795,000 Par2 216/2009 Centrix Bank & Trust Bedford NH Purchase Preferred Stock wi Exercised Warrants 7,500,000 Par2 216/2009 Todd Bancshares, Inc. Hookinsville KY Purchase Preferred Stock wi Exercised Warrants 4,000,000 Par2 216/2009 Georllia Commerce Bancshares, Inc. Atlanta GA Purchase Preferred Stock wi Exercised Warrants 8,700,000 Par2 216/2009 First Bank of Charleston, Inc. Charleston WV Purchase Preferred Stock wi Exercised Warrants 3,345,000 Par2 216/2009 F & M Financial Corporation Salisburv NC Purchase Preferred Stock wi Exercised Warrants 17,000,000 Par2 216/2009 The Bank of Currituck Moyock NC Purchase Preferred Stock wi Exercised Warrants 4,021,000 Par2 216/2009 CedarStone Bank Lebanon TN Purchase Preferred Stock wi Exercised Warrants 3,564,000 Par2 216/2009 Commun~y Holdinll Comoany of Florida, Inc. Miramar Beach FL Purchase Preferred Stock wi Exercised Warrants 1,050,000 Par2 216/2009 Hyoerion Bank Philadelohia PA Purchase Preferred Stock wi Exercised Warrants 1,552,000 Par2 216/2009 Pascack Community Bank Westwood NJ Purchase Preferred Stock wi Exercised Warrants 3,756,000 Par2 216/2009 First Western Financial, Inc. Denver CO Purchase Preferred Stock wi Exercised Warrants 8,559,000 Par

2113/2009 OCR Holdinlls, Inc. Moline IL Purchase Preferred Stock wlWarrants 38,237,000 Par2113/2009 Westamerica Bancorporation San Rafael CA Purchase Preferred Stock wlWarrants 83,726,000 Par2113/2009 The Bank of Kentucky Financial Corporation Crestview Hills KY Purchase Preferred Stock wlWarrants 34000,000 Par2113/2009 PremierWest Bancorp Medford OR Purchase Preferred Stock wlWarrants 41,400,000 Par2113/2009 Carrollton Bancorp Baltimore MD Purchase Preferred Stock wlWarrants 9,201,000 Par2113/2009 FNB United Corp. Asheboro NC Purchase Preferred Stock wlWarrants 51,500,000 Par

2 2113/2009 First Menasha Bancshares, Inc. Neenah WI Purchase Preferred Stock wi Exercised Warrants 4,797,000 Par2 2113/2009 1st Enterorise Bank Los Anlleles CA Purchase Preferred Stock wi Exercised Warrants 4,400,000 Par2 2113/2009 DeSoto County Bank Hom Lake MS Purchase Preferred Stock wi Exercised Warrants 1,173,000 Par2 2113/2009 Security Bancshares of Pulaski County, Inc. Waynesville MO Purchase Preferred Stock wi Exercised Warrants 2,152,000 Par2 2113/2009 State Caoital Corooration Greenwood MS Purchase Preferred Stock wi Exercised Warrants 15,000000 Par2 2113/2009 BankGreenvilie Greenville SC Purchase Preferred Stock wi Exercised Warrants 1,000,000 Par2 2113/2009 Comino Savinos and Loan Association Comino AR Purchase Preferred Stock wi Exercised Warrants 638,000 Par2 2113/2009 Financial Securitv Corporation Basin WY Purchase Preferred Stock wi Exercised Warrants 5,000,000 Par2 2113/2009 ColoEast Bankshares, Inc. Lamar CO Purchase Preferred Stock wi Exercised Warrants 10,000,000 Par2 2113/2009 Santa Clara ValleY Bank, N.A. Santa Paula CA Purchase Preferred Stock wi Exercised Warrants 2,900,000 Par2 2113/2009 Reliance Bancshares, Inc. Frontenac MO Purchase Preferred Stock wi Exercised Warrants 40,000,000 Par2 2113/2009 Reoional Bankshares, Inc. Hartsville SC Purchase Preferred Stock wi Exercised Warrants 1,500,000 Par2 2113/2009 Peooles Bancorp Lynden WA Purchase Preferred Stock wi Exercised Warrants 18,000,000 Par2 2113/2009 First Choice Bank Cerritos CA Purchase Preferred Stock wi Exercised Warrants 2,200,000 Par2 2113/2009 Grellll Bancshares, Inc. Ozark MO Purchase Preferred Stock wi Exercised Warrants 825,000 Par2 2113/2009 Hometown Bancshares, Inc. Corbin KY Purchase Preferred Stock wi Exercised Warrants 1,900,000 Par2 2113/2009 Midwest Rellional Bancorp, Inc. Festus MO Purchase Preferred Stock wi Exercised Warrants 700,000 Par2 2113/2009 Bern Bancshares, Inc. Bern KS Purchase Preferred Stock wi Exercised Warrants 985,000 Par2 2113/2009 Northwest Bancorporation, Inc. Sookane WA Purchase Preferred Stock wi Exercised Warrants 10,500,000 Par2 2113/2009 Liberty Bancshares, Inc. Sorinllfield MO Purchase Preferred Stock wi Exercised Warrants 21,900,000 Par2 2113/2009 F&M Financial Corporation Clarksville TN Purchase Preferred Stock wi Exercised Warrants 17,243,000 Par2 2113/2009 Meridian Bank Deyon PA Purchase Preferred Stock wi Exercised Warrants 6,200,000 Par2 2113/2009 Northwest Commercial Bank Lakewood WA Purchase Preferred Stock wi Exercised Warrants 1,992,000 Par

2120/2009 Royal Bancshares of PennsYlvania, Inc. Narberth PA Purchase Preferred Stock wlWarrants 30,407,000 Par2120/2009 First Merchants Corporation Muncie IN Purchase Preferred Stock wlWarrants 116,000,000 Par2120/2009 Northern States Financial Corporation Waukellan IL Purchase Preferred Stock wlWarrants 17,211,000 Par

2 2120/2009 Sonoma Valley Bancorp Sonoma CA Purchase Preferred Stock wi Exercised Warrants 8,653,000 Par2 2120/2009 Guaranty Bancorp, Inc. Woodsville NH Purchase Preferred Stock wi Exercised Warrants 6,920,000 Par2 2120/2009 The PriYate Bank of California Los Anlleles CA Purchase Preferred Stock wi Exercised Warrants 5,450000 Par2 2120/2009 Lafayette Bancoro, Inc. Oxford MS Purchase Preferred Stock wi Exercised Warrants 1,998,000 Par2 2120/2009 Libertv Shares, Inc. Hinesville GA Purchase Preferred Stock wi Exercised Warrants 17,280,000 Par2 2120/2009 White Riyer Bancshares Comoany Fayetteville AR Purchase Preferred Stock wi Exercised Warrants 16,800,000 Par2 2120/2009 United American Bank San Mateo CA Purchase Preferred Stock wi Exercised Warrants 8,700,000 Par2 2120/2009 Crazy Woman Creek Bancorp, Inc. Buffalo WY Purchase Preferred Stock wi Exercised Warrants 3,100,000 Par2 212012009 First Prioritv Financial Corp. Malvern PA Purchase Preferred Stock wi Exercised Warrants 4,579,000 Par2 2120/2009 Mid-Wisconsin Financial Services, Inc. Medford WI Purchase Preferred Stock wi Exercised Warrants 10,000,000 Par2 2120/2009 Market Bancorporation, Inc. NewMarket MN Purchase Preferred Stock wi Exercised Warrants 2,060,000 Par2 2120/2009 Hometown Bancorp of Alabama, Inc. Oneonta AL Purchase Preferred Stock wi Exercised Warrants 3,250,000 Par

Page 7 019


2 2120/2009 Security State Bancshares, Inc. Charleston MO Purchase Preferred Stock wi Exercised Warrants 12,500,000 Par2 2120/2009 CBB Bancorp Cartersville GA Purchase Preferred Stock wi Exercised Warrants 2,644,000 Par2 2120/2009 BancPlus Comoration Ridoeland MS Purchase Preferred Stock wi Exercised Warrants 48,000,000 Par2 2120/2009 Central Communitv Comoration Temole TX Purchase Preferred Stock wi Exercised Warrants 22,000,000 Par2 2120/2009 First BancTrust Comoration Paris Il Purchase Preferred Stock wi Exercised Warrants 7,350,000 Par2 2120/2009 Premier Service Bank Riverside CA Purchase Preferred Stock wi Exercised Warrants 4,000,000 Par2 2120/2009 Florida Business BancGrouo, Inc. Tamoa Fl Purchase Preferred Stock wi Exercised Warrants 9,495,000 Par2 2120/2009 Hamilton State Bancshares Hoschton GA Purchase Preferred Stock wi Exercised Warrants 7,000,000 Par

2127/2009 lakeland Financial Comoration Warsaw IN Purchase Preferred Stock wlW arrants 56,044,000 Par2127/2009 First M&F Corooration Kosciusko MS Purchase Preferred Stock wlWarrants 30,000,000 Par2127/2009 Southem First Bancshares, Inc. Greenville SC Purchase Preferred Stock wlWarrants 17,299,000 Par2127/2009 Inteara Bank Comoration Evansville IN Purchase Preferred Stock wlWarrants 83,586,000 Par

2 2127/2009 Communttv First Inc. Columbia TN Purchase Preferred Stock wi Exercised Warrants 17,806,000 Par2 2127/2009 BNC Financial Grouo, Inc. New Canaan CT Purchase Preferred Stock wi Exercised Warrants 4,797,000 Par2 2127/2009 California Bank of Commerce lafavette CA Purchase Preferred Stock wi Exercised Warrants 4,000,000 Par2 2127/2009 Columbine Caoital Com. Buena Vista CO Purchase Preferred Stock wi Exercised Warrants 2,260,000 Par2 212712009 National Bancshares, Inc. Bettendorf IA Purchase Preferred Stock wi Exercised Warrants 24,664,000 Par2 2127/2009 First State Bank of Mobeetie Mobeetie TX Purchase Preferred Stock wi Exercised Warrants 731,000 Par2 212712009 Ridaestone Financial Services, Inc. Brookfield WI Purchase Preferred Stock wi Exercised Warrants 10,900,000 Par

West2 2127/2009 Community Business Bank Sacramento CA Purchase Preferred Stock wi Exercised Warrants 3,976,000 Par2 2127/2009 D.l. Evans Bancore Burley ID Purchase Preferred Stock wi Exercised Warrants 19,891,000 Par2 2127/2009 TriState Caoital Holdinas Inc. Pittsburah PA Purchase Preferred Stock wi Exercised Warrants 23,000,000 Par2 2127/2009 Green City Bancshares, Inc. Green City MO Purchase Preferred Stock wi Exercised Warrants 651,000 Par2 2127/2009 First Gothenbura Bancshares, Inc. Gothenbura NE Purchase Preferred Stock wi Exercised Warrants 7,570,000 Par2 2127/2009 Green Circle Investments, Inc. Clive IA Purchase Preferred Stock wi Exercised Warrants 2,400,000 Par2 212712009 PriYate Bancorporation, Inc. Minneaoolis MN Purchase Preferred Stock wi Exercised Warrants 4,960,000 Par2 2127/2009 Reaent Capital Corooration Nowata OK Purchase Preferred Stock wi Exercised Warrants 2,655,000 Par2 2127/2009 Central Bancore, Inc. Garland TX Purchase Preferred Stock wi Exercised Warrants 22,500,000 Par2 2127/2009 Medallion Bank Salt lake City UT Purchase Preferred Stock wi Exercised Warrants 11,800,000 Par2 2127/2009 PSB Financial Corporation Many LA Purchase Preferred Stock wi Exercised Warrants 9270,000 Par2 2127/2009 Avenue Financial Holdinas Inc. Nashville TN Purchase Preferred Stock wi Exercised Warrants 7,400,000 Par2 2127/2009 Howard Bancore, Inc. Ellicott City MD Purchase Preferred Stock wi Exercised Warrants 5,983,000 Par

South San2 2127/2009 FNB Bancorp Francisco CA Purchase Preferred Stock wi Exercised Warrants 12,000,000 Par2 2127/2009 The Victory Bank limerick PA Purchase Preferred Stock wi Exercised Warrants 541,000 Par2 2127/2009 Catskill Hudson Bancorp, Inc Rock Hill NY Purchase Preferred Stock wi Exercised Warrants 3,000,000 Par2 2127/2009 Midtown Bank & Trust Company Atlanta GA Purchase Preferred Stock wi Exercised Warrants 5,222,000 Par

3/6/2009 HCSB Financial Corporation loris SC Purchase Preferred Stock wlW arrants 12,895,000 Par3/6/2009 First Busey Coreoration Urbana Il Purchase Preferred Stock wlWarrants 100,000,000 Par3/6/2009 First Federal Bancshares of Arkansas, Inc. Harrison AR Purchase Preferred Stock wlWarrants 16,500,000 Par

3 3/6/2009 Citizens Bancshares Comoration Atlanta GA Purchase Preferred Stock 7,462,000 Par2 3/6/2009 ICB Financial Ontario CA Purchase Preferred Stock wi Exercised Warrants 6,000,000 Par2 3/6/2009 First Texas BHC, Inc. Fort Worth TX Purchase Preferred Stock wi Exercised Warrants 13,533,000 Par2 3/6/2009 Farmers & Merchants Bancshares, Inc. Houston TX Purchase Preferred Stock wi Exercised Warrants 11,000,000 Par2 3/6/2009 Blue Ridae Bancshares, Inc. Indeoendence MO Purchase Preferred Stock wi Exercised Warrants 12,000,000 Par2 3/612009 First Reliance Bancshares, Inc. Florence SC Purchase Preferred Stock wi Exercised Warrants 15,349,000 Par2 3/6/2009 Merchants and Planters Bancshares, Inc. Toone TN Purchase Preferred Stock wi Exercised Warrants 1,881,000 Par2 3/612009 First Southwest Bancoreoration, Inc. Alamosa CO Purchase Preferred Stock wi Exercised Warrants 5,500,000 Par2 3/6/2009 Germantown Caoital Coreoration, Inc. Germantown TN Purchase Preferred Stock wi Exercised Warrants 4,967,000 Par2 3/6/2009 BOH Holdinas, Inc. Houston TX Purchase Preferred Stock wi Exercised Warrants 10,000,000 Par2 3/6/2009 AmeriBank Holdina Company Collinsville OK Purchase Preferred Stock wi Exercised Warrants 2,492,000 Par2 3/6/2009 Hiahlands Independent Bancshares, Inc. Sebrina Fl Purchase Preferred Stock wi Exercised Warrants 6,700,000 Par2 3/612009 Pinnacle Bank Holdina Company, Inc. Oranae City Fl Purchase Preferred Stock wi Exercised Warrants 4,389,000 Par2 3/6/2009 Blue River Bancshares, Inc. Shelbvville IN Purchase Preferred Stock wi Exercised Warrants 5,000,000 Par2 3/6/2009 Marine Bank & Trust Company Vero Beach Fl Purchase Preferred Stock wi Exercised Warrants 3,000,000 Par2 3/6/2009 Community Bancshares of Kansas, Inc. Goff KS Purchase Preferred Stock wi Exercised Warrants 500,000 Par2 3/612009 Reaent Bancore, Inc. Davie Fl Purchase Preferred Stock wi Exercised Warrants 9,982,000 Par2 3/6/2009 Park Bancomoration, Inc. Madison WI Purchase Preferred Stock wi Exercised Warrants 23,200,000 Par2 3/6/2009 PeoolesSouth Bancshares, Inc. Colauitt GA Purchase Preferred Stock wi Exercised Warrants 12,325,000 Par

3/13/2009 First Place Financial Core. Warren OH Purchase Preferred Stock wlWarrants 72,927,000 Par3/13/2009 Salisburv Bancore, Inc. lakeville CT Purchase Preferred Stock wlWarrants 8,816,000 Par3/13/2009 First Northern Communilv Bancore Dixon CA Purchase Preferred Stock wlWarrants 17,390,000 Par3/13/2009 Discover Financial Services Riverwoods Il Purchase Preferred Stock wlW arrants 1 224,558,000 Par

Page 8 019

Footnote

32222222222222

22222222222222

222

222222

Seller

Date 1 Name of Institution3113/2009IPrOllldent Communltv Bancshares. Inc.3/13/20091Flrst American International Com.3113/2009IBanclndeoendenl. Inc.3/13120091Haviland Bancshares. Inc.3/13/200911st United Bancorp. Inc.3/13/20091Madlson Financial Comoration3/13120091First National Comoratlon3/13/20091SI. Johns Bancshares, Inc.3/13/20091Blackhawk Bancorp, Inc.3/13/200911BW Financial Corporation3/13/20091Butler Poinl. Inc.3/13/20091Bank of George3/13120091Money\ree Corporation3/13/2009ISovereiQn Bancshares, Inc.3/13/2009lFirstlntercontlnental Bank3/20/2009IHerilage Oaks Bancoro3/2012009lcommunitv First Bancshares Inc.3/20/20091First NBC Bank HoldinQ Comoanv3/20/20091Flrst Colebrook Bancorp, Inc.3/20/20091Kirltsville Bancom. Inc.3/20/20091Peooles Bancshares of TN, Inc3/20120091Premier Bank HoldinQ Comoanv3/20/20091Citizens Bank & Trust Comoanv3/20/20091Fanners & Merchants Financial Comoration3/20/20091Fanners State Bankshares, Inc.3/27/20091SBT Bancom. Inc.3/27/20091CSRA Bank Com.3/27120091Trinitv Caoital Comoration3/27/20091Clover Community Bankshares, Inc.3/27/20091Pathwav Bancom

3/27/20091Colonial American Bank3127/2009IMS Financial. Inc.3/27/20091Triad Bancom. Inc.

3/27/20091A1pine Banks of Colorado3/27/20091Naples BancolP, Inc.3/27/20091CBS Banc-Com.3127/200911BT Bancom. Inc.3/27/20091Soirit BankColP, Inc.3/27/20091Marvland Financial Bank

CityRock HillBrooklYnSheffieldHavilandBoca RatonRichmondStrasburQSI. LouisBeloitWashlnQtonCatlinLas VeQasLenoir CityDallasDoravillePaso RoblesUnion CityNewOr1eansColebrookKirltsvilleMadisonvilleTallahasseeCovinQtonArQoniaHoltonSimsburyWrensLos AlamosCloverCairoWestConshohockenKinQWOodFrontenacGlenwoodSorinQsNaolesRussellvilleIrvinQBristowTowson

StateSCNYALKSFLKYVAMOWIDCILNVTNTXGACATNLANHMOTNFLLAKSKSCTGANMSCNE

PATXMO

COFLALTXOKMD

TransactionType

PurchasePurchasePurchasePurchasePurchasePurchasePurchasePurchasePurchasePurchasePurchasePurchasePurchasePurchasePurchasePurchasePurchasePurchasePurchasePurchasePurchasePurchasePurchasePurchasePurchasePurchasePurchasePurchasePurchasePurchase

PurchasePurchasePurchase

PurchasePurchasePurchasePurchasePurchasePurchase

DescriptionPreferred Stock wlWarrantsPreferred StockPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wlWarrantsPreferred Stock wi Exercised WarrantsPreferred Siock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised Warrants

Preferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised Warrants

Preferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised WarrantsPreferred Stock wi Exercised Warrants

TOTAL

PricingPrice Paid IMechanism

9.266.000IPar17.000.000IPar21.100.000IPar

425.0001Par10.000.000IPar3.370.000IPar

13,900.0001Par3.000.000IPar

10.000.000IPar6.000.000IPar

607.0001 Par2.672.000IPar9.516.000IPar

18.215.000IPar6.398.000IPar

21,OOO.OOOIPar20.000.000IPar17,836,OOOIPar4,500.000IPar

470.000IPar3.900,OOOIPar9.500.000IPar2.400.000IPar

442.0001Par700,OOOlPar

4.000.000IPar2.400.000IPar

35.539.000IPar3.000.000IPar3.727.000IPar

574.000IPar7.723.000IPar3.700.000IPar

70.000.000IPar4.000.000IPar

24.300.000IPar2.295.000IPar

30.000.000IPar1.700,OOOIPar

198,769,687,000

1/ This tran.action was induded in prevlou. Transaction Reports with Merrill Lynch & Co.• Inc. listed a. the qualifying Institution and e 1012812008 transaction date. footnoted to Indicate that settlement wasdeferred pending merger. The purchase 01 Merrill Lynch by Bank 01 America was oomplated on 1/112009, and thl. transaelion und.r the CPP was funded on 119/2009.21 Privataly-held qUalified fin.nclal instnutlon; Treasury raceived a wamult to purchase additional shares 01 pref.rred stock, which lIa_med immedlalaty.31 To promote oommunlly devalopm.nl f1nandal inslllulions (COFIs), Treasury does nol require walTanls as part of lis inve.lm.nl in certified CDFIs when Ihe size of Ihe inveslmenl is $50 million or I•••.

Page 9 of9

§§g

Ii ~ I

Iff 1i ~ 1-+--d+1+++!-H++++++++++++++++++++-I+++-I-++Hf+++-I+++I+++I+++!-H++++-l-++Hf+++-f+++-I+++I-+++++++++++-+++-I++++++++++-I+++HdJ i f I~~ I ! I ~

~ ! u

•t

§§•

.'~POi

Ip;;:e;;:

I~:e;;:...:e;;:~:e;;:...~:e;;:~:e;;:P.

g...POi:e;;:...fit~POi:e;;:

E~...:e;;:~~POiPOiPOiPOi:e;;:...5POiPOiPOi:e;;:...~POi

f!!.f!!.f!!.

i!~POi:e;;:...POi

~POi

~...POiPOi:e;;:

§~~~

~...IIp;;POi

fit...

c.... Repqm.nt.............

lte.......ntAmDunl·

T".IIIYInY.__nllb~Nt8rc.lal "-_III

~ I Re~__1lt IFIMID~

f1nfItDill..._.. ,.....-

P9.. uf5

Ilhehlr*M C....~

..~

..

-'T,.-.,'""ttn.nl:R.....

IIttHC.... ReI

~tn¥..-.-.. IfNl~- .....-~~I ..-...

S 1..7....1.. TMalC.....ftt""'"'n1~ N$\.-.MIl

TOT.M. TR!#IISU"YC,.,.INV!STMEMl" NII0UNT $1I1A'....1,I0I

"Thia--.etion_~i1"""'T-.ctiorllttiparbwitllMlrrillL)II'dllCo.,ftc;.Iit~."~"IillAian"'.'W2&12OO1Ir-.Kliondm,fcdncMdlDme:..IhII..m.m.nc_~P'ftdI'O"*"'"n.p.lII:'-.riI~l"..e:hbys.MtIIMwir:._cempudClll11112OOO,-.!IIB~InlW"'CPP_fln:SMon1$'2Ol»

21~~"""'haUuIlicIn:T-.yrtaMd.__ IoP'ol'd--'ditiDnIl"""d"""""1~whldIl_ipdimm""

31TOprcmcleCClllV'll~~",*",=III"~(C~I.T~dc-.nal,.p,.wMW\IlI• ...,tril. __,,""inC*tiledCDF.wMnlMl_d.,.w-tmllllil$50n6In."•.41R.,-nenlp.n.... r.oT...W.a.dIon7Oll1(g)ofhNnerie~~_~ltdal2OClO51R.s.m~pnunlD• ...,..~CIIl!RIg."r..-aonou'lI ... Alll .....ccI\oIId_~.......,wt*:tlrrtlll1be,- ..htirMoIQIIPC(III~...

......'d"

treasury_tarp_105areport_20090331.pdf

Documents

Transcript of treasury_tarp_105areport_20090331.pdf