Interest Rate Risk Exposure Report

Office of Thrift Supervision

All Reporting CMR Reporting Dockets: 51

Area: MD

December 2002

Economic Analysis Division

Washington, DC 20552

Interest Rate Sensitivity of Net Portfolio Value (NPV)

Change in Rates

Net Portfolio Value NPV as %

$Amount $Change %Change NPV Ratio Change

(Dollars are in Millions) of PV of Assets

Risk Measure for a Given Rate Shock

12/31/2002 9/30/2002 12/31/2001

Pre-shock NPV Ratio: NPV as % of PV Assets

Post-shock NPV Ratio

Sensitivity Measure: Decline in NPV Ratio

TB 13a Level of Risk

+300 bp

+200 bp

+100 bp

0 bp

-100 bp

839

946

1,046

1,103

1,098

-265

-157

-57

-5

-24 %

-14 %

-5 %

0 %

10.28 %

11.36 %

12.31 %

12.79 %

12.62 %

-251 bp

-143 bp

-47 bp

-17 bp

12.79 %

11.36 %

143 bp

Minimal

12.94 %

11.42 %

152 bp

Minimal

12.99 %

10.49 %

249 bp

Minimal

Due to the recent abnormally low interest rate environment, OTS has reinterpreted the TB13a sensitivity measure to be based on the more negative outcome of a -100 or a +200 basis 

point interest rate shock. Furthermore, if neither a -100 nor a +200 basis point change in rates produces a reduction in NPV, the institution is presumed to have a sensitivity measure of zero.

 ** PUBLIC ** Page 1
Interest Rate Risk Exposure Report

Present Value Estimates by Interest Rate Scenario

Report Prepared: 4/1/2003 7:58:31 AM Amounts in Millions

Reporting Dockets: 51

All Reporting CMR

Area: MD

Data as of: 4/1/2003

December 2002

-100 bp 0 bp +100 bp +200 bp +300 bp FaceValue Pres.Value PV/FV Eff.Dur.

ASSETS

MORTGAGE LOANS AND SECURITIES

Fixed-Rate Single-Family First-Mortgage Loans and MBS

30-Year Mortgage Loans 1,271 1,248 1,200 1,137 1,075 1,202 1,248 103.87 2.8

30-Year Mortgage Securities 278 273 263 249 235 263 273 103.67 2.7

15-Year Mortgages and MBS 1,625 1,602 1,555 1,497 1,439 1,533 1,602 104.52 2.2

Balloon Mortgages and MBS 673 665 655 643 630 632 665 105.23 1.4

Adjustable-Rate Single-Family First-Mortgage Loans and MBS: Current Market Index ARMs

6 Month or Less Reset Frequency 53 53 52 52 52 53 53 98.59 0.4

7 Month to 2 Year Reset Frequency 346 343 341 338 333 339 343 101.26 0.9

2+ Month to 5 Year Reset Frequency 244 238 232 225 218 236 238 101.04 2.5

Adjustable-Rate Single-Family First-Mortgage Loans and MBS: Lagging Market Index ARMs

1 Month Reset Frequency 16 16 16 15 15 16 16 99.20 0.9

2 Month to 5 Year Reset Frequency 17 17 16 16 16 17 17 98.23 1.6

Multifamily and Nonresidential Mortgage Loans and Securities

Adjustable-Rate, Balloons 153 152 150 149 147 148 152 102.81 1.1

Adjustable-Rate, Fully Amortizing 119 119 118 117 116 119 119 99.73 0.7

Fixed-Rate, Balloon 239 231 224 217 210 203 231 114.02 3.2

Fixed-Rate, Fully Amortizing 365 347 331 315 301 317 347 109.36 5.0

Construction and Land Loans

Adjustable-Rate 240 239 239 238 237 238 239 100.60 0.2

Fixed-Rate 326 321 317 313 309 315 321 101.91 1.4

Second-Mortgage Loans and Securities

Adjustable-Rate 129 129 129 129 128 131 129 99.01 0.2

Fixed-Rate 139 136 133 131 128 134 136 101.66 2.1

Other Assets Related to Mortgage Loans and Securities

Net Nonperforming Mortgage Loans 136 134 131 129 127 134 134 100.00 1.6

Accrued Interest Receivable 29 29 29 29 29 29 29 100.00 0.0

Advance for Taxes/Insurance 4 4 4 4 4 4 4 100.00 0.0

Float on Escrows on Owned Mortgages 1 2 4 7 8 2 -100.3

LESS: Value of Servicing on Mortgages Serviced by Others 0 0 0 0 0 0 -64.2

TOTAL MORTGAGE LOANS AND SECURITIES 6,402 6,297 6,138 5,948 5,758 6,061 6,297 103.90 2.1

 ** PUBLIC ** Page 2
Interest Rate Risk Exposure Report

Present Value Estimates by Interest Rate Scenario

Report Prepared: 4/1/2003 7:58:32 AM Amounts in Millions

Reporting Dockets: 51

All Reporting CMR

Area: MD

Data as of: 4/1/2003

December 2002

-100 bp 0 bp +100 bp +200 bp +300 bp FaceValue Pres.Value PV/FV Eff.Dur.

ASSETS (cont.)

NONMORTGAGE LOANS

Commercial Loans

Adjustable-Rate 42 42 41 41 41 42 42 99.86 0.4

Fixed-Rate 74 72 69 67 64 65 72 110.90 3.7

Consumer Loans

Adjustable-Rate 14 14 14 14 14 14 14 102.34 0.2

Fixed-Rate 183 180 176 173 170 172 180 104.41 1.9

Other Assets Related to Nonmortgage Loans and Securities

Net Nonperforming Nonmortgage Loans 1 1 1 1 1 1 1 100.00 -1.8

Accrued Interest Receivable 2 2 2 2 2 2 2 100.00 0.0

TOTAL NONMORTGAGE LOANS 316 310 304 298 292 295 310 105.06 2.0

CASH, DEPOSITS, AND SECURITIES

Cash, Non-Int-Earning Deposits, Overnight Fed Funds & Repos 556 556 556 556 556 556 556 100.00 0.0

Equities and All Mutual Funds 107 102 98 93 88 102 102 100.00 4.6

Zero-Coupon Securities 7 5 4 4 3 3 5 172.77 20.3

Government and Agency Securities 168 163 159 155 151 156 163 104.40 2.6

Term Fed Funds, Term Repos 370 369 369 368 367 369 369 100.20 0.2

Munis, Mtg-Backed Bonds, Corporates, Commercial Paper 65 63 62 60 59 63 63 100.02 2.3

Mortgage-Derivative and Structured Securities

Valued by OTS 0 0 0 0 0 0 0 0.00 0.0

Valued by Institution 71 71 71 69 66 71 71 99.27 -0.2

Structured Securities (Complex) 288 285 279 271 262 280 285 101.83 1.5

LESS: Valuation Allowances for Investment Securities 0 0 0 0 0 0 0 0.00 1.4

TOTAL CASH, DEPOSITS, AND SECURITIES 1,630 1,615 1,597 1,576 1,553 1,601 1,615 100.91 1.0

 ** PUBLIC ** Page 3
Interest Rate Risk Exposure Report

Present Value Estimates by Interest Rate Scenario

Report Prepared: 4/1/2003 7:58:32 AM Amounts in Millions

Reporting Dockets: 51

All Reporting CMR

Area: MD

Data as of: 4/1/2003

December 2002

-100 bp 0 bp +100 bp +200 bp +300 bp FaceValue Pres.Value PV/FV Eff.Dur.

ASSETS (cont.)

REAL ASSETS, INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES, ETC.

Repossessed Assets 39 39 39 39 39 39 39 100.00 0.0

Real Estate Held for Investment 2 2 2 2 2 2 2 100.00 0.0

Investment in Unconsolidated Subsidiaries 0 0 0 0 0 0 0 0.00 -0.7

Office Premises and Equipment 88 88 88 88 88 88 88 100.00 0.0

TOTAL REAL ASSETS, ETC. 130 130 130 130 130 130 130 100.00 0.0

MORTGAGE LOANS SERVICED FOR OTHERS

Fixed-Rate Servicing 1 1 1 1 1 1 -28.7

Adjustable-Rate Servicing 0 1 1 1 1 1 -5.5

Float on Mortgages Serviced for Others 1 1 1 1 2 1 -29.7

TOTAL MORTGAGE LOANS SERVICED FOR OTHERS 2 2 3 3 4 2 -23.4

OTHER ASSETS

Purchased and Excess Servicing 1

Margin Account 0 0 0 0 0 0 0 0.00 0.0

Miscellaneous I 112 112 112 112 112 112 112 100.00 0.0

Miscellaneous II 0

Deposit Intangibles

Retail CD Intangible 4 6 7 8 9 6 -24.1

Transaction Account Intangible 29 42 55 68 82 42 -31.5

MMDA Intangible 31 44 58 69 80 44 -30.8

Passbook Account Intangible 45 65 85 105 123 65 -30.9

Non-Interest-Bearing Account Intangible 3 6 9 12 15 6 -53.6

TOTAL OTHER ASSETS 224 275 327 375 421 114 275

Miscellaneous Assets

Unrealized Gains Less Unamortized Yield Adjustments -1

TOTAL ASSETS 8,704 8,629 8,499 8,330 8,158 8,198 8,629 105/103*** 1.2/1.8***

 ** PUBLIC ** Page 4
Interest Rate Risk Exposure Report

Present Value Estimates by Interest Rate Scenario

Report Prepared: 4/1/2003 7:58:32 AM Amounts in Millions

Reporting Dockets: 51

All Reporting CMR

Area: MD

Data as of: 4/1/2003

December 2002

-100 bp 0 bp +100 bp +200 bp +300 bp FaceValue Pres.Value PV/FV Eff.Dur.

LIABILITIES

DEPOSITS

Fixed-Maturity

Fixed-Rate Maturing in 12 Months or Less 2,389 2,377 2,365 2,354 2,343 2,347 2,377 101.26 0.5

Fixed-Rate Maturing in 13 Months or More 2,107 2,054 2,003 1,954 1,906 1,922 2,054 106.87 2.5

Variable-Rate 18 18 18 18 18 18 18 100.51 0.2

Demand

Transaction Accounts 573 573 573 573 573 573 573 100/93* 0.0/2.5*

MMDAs 917 917 917 917 917 917 917 100/95* 0.0/1.6*

Passbook Accounts 870 870 870 870 870 870 870 100/92* 0.0/2.5*

Non-Interest-Bearing Accounts 139 139 139 139 139 139 139 100/96* 0.0/2.4*

TOTAL DEPOSITS 7,014 6,949 6,886 6,825 6,766 6,787 6,949 102/100* 0.9/1.7*

BORROWINGS

Fixed-Maturity

Fixed-Rate Maturing in 36 Months or Less 160 158 156 155 153 153 158 102.89 1.0

Fixed-Rate Maturing in 37 Months or More 41 39 37 35 34 35 39 110.14 4.7

Variable-Rate 38 38 38 38 38 38 38 100.00 0.1

TOTAL BORROWINGS 239 235 232 228 225 227 235 103.53 1.5

OTHER LIABILITIES

Escrow Accounts

For Mortgages 17 17 17 17 17 17 17 100.00 0.0

Other Escrow Accounts 4 4 4 4 4 5 4 94.35 3.1

Miscellaneous Other Liabilities

Collateralized Mortgage Securities Issued 0 0 0 0 0 0 0 0.00 0.0

Miscellaneous I 50 50 50 50 50 50 50 100.00 0.0

Miscellaneous II 0 0 0 0 0 7

TOTAL OTHER LIABILITIES 71 71 70 70 70 78 71 91.05 0.2

Other Liabilities not Included Above

Self-Valued 286 271 260 252 246 240 271 112.97 4.8

Unamortized Yield Adjustments -1

TOTAL LIABILITIES 7,609 7,526 7,448 7,375 7,307 7,332 7,526 103/100** 1.1/1.8**

 ** PUBLIC ** Page 5
Interest Rate Risk Exposure Report

Present Value Estimates by Interest Rate Scenario

Report Prepared: 4/1/2003 7:58:32 AM Amounts in Millions

Reporting Dockets: 51

All Reporting CMR

Area: MD

Data as of: 4/1/2003

December 2002

-100 bp 0 bp +100 bp +200 bp +300 bp FaceValue Pres.Value PV/FV Eff.Dur.

FINANCIAL DERIVATIVES AND OFF-BALANCE-SHEET POSITIONS

OPTIONAL COMMITMENTS TO ORIGINATE

FRMs and Balloon/2-Step Mortgages 1 0 -1 -3 -4 0

ARMs 0 0 0 0 0 0

Other Mortgages 0 0 0 -1 -1 0

FIRM COMMITMENTS

Purchase/Originate Mortgages and MBS 7 2 -5 -12 -18 2

Sell Mortgages and MBS -6 -2 3 9 15 -2

Purchase Non-Mortgage Items 0 0 0 0 0 0

Sell Non-Mortgage Items 0 0 0 0 0 0

INTEREST-RATE SWAPS

Pay Fixed, Receive Floating 0 0 0 0 0 0

Pay Floating, Receive Fixed 0 0 0 0 0 0

Basis Swaps 0 0 0 0 0 0

Swaptions 0 0 0 0 0 0

OTHER DERIVATIVES

Options on Mortgages and MBS 0 0 0 0 0 0

Interest-Rate Caps 0 0 0 0 0 0

Interest-Rate Floors 0 0 0 0 0 0

Futures 0 0 0 0 0 0

Options on Futures 0 0 0 0 0 0

Construction LIP 1 0 -1 -3 -4 0

Self-Valued 0 0 0 0 0 0

TOTAL OFF-BALANCE-SHEET POSITIONS 3 0 -4 -8 -12 0

 ** PUBLIC ** Page 6
Interest Rate Risk Exposure Report

Present Value Estimates by Interest Rate Scenario

Report Prepared: 4/1/2003 7:58:32 AM Amounts in Millions

Reporting Dockets: 51

All Reporting CMR

Area: MD

Data as of: 4/1/2003

December 2002

-100 bp 0 bp +100 bp +200 bp +300 bp FaceValue Pres.Value PV/FV Eff.Dur.

NET PORTFOLIO VALUE

+ ASSETS 8,704 8,629 8,499 8,330 8,158 8,198 8,629 105/103*** 1.2/1.8***

- LIABILITIES 7,609 7,526 7,448 7,375 7,307 7,332 7,526 103/100** 1.1/1.8**

+ OFF-BALANCE-SHEET POSITIONS 3 0 -4 -8 -12 0

TOTAL NET PORTFOLIO VALUE 1,098 1,103 1,046 946 839 867 1,103 127.27 2.3

* Excl./Incl. deposit intangible values listed on asset side of report.

** Excl./Incl. deposit intangible values.

*** Incl./Excl. deposit intangible values.

 ** PUBLIC ** Page 7
AGGREGATE SCHEDULE CMR REPORT

ASSETS

Report Prepared: 4/1/2003 7:58:32 AM Amounts in Millions

Reporting Dockets: 51

All Reporting CMR

Area: MD

Data as of: 4/1/2003

December 2002

30-YEAR MORTGAGES AND MBS

 Mortgage Loans

 WARM

 WAC

 Amount of these that is FHA or VA Guaranteed

 Securities Backed by Conventional Mortgages

 WARM

 Weighted Average Pass-Through Rate

 Securities Backed by FHA or VA Mortgages

 WARM

 Weighted Average Pass-Through Rate

15-YEAR MORTGAGES AND MBS

 Mortgage Loans

 WAC

 Mortgage Securities

 Weighted Average Pass-Through Rate

 WARM (of 15-Year Loans and Securities)

BALLOON MORTGAGES AND MBS

 Mortgage Loans

 WAC

 Mortgage Securities

 Weighted Average Pass-Through Rate

 WARM (of Balloon Loans and Securities)

Less Than 7% 7.00 to 7.99% 8.00 to 8.99% 9.00 to 9.99% 10.00% & Above

$638

335 mo

6.35%

$3

$188

292 mo

6.10%

$20

325 mo

6.25%

$1,019

6.20%

$167

5.88%

150 mo

$154

6.30%

$71

5.08%

94 mo

$412

306 mo

7.31%

$4

$39

282 mo

7.12%

$6

290 mo

7.12%

$223

7.29%

$20

7.09%

127 mo

$94

7.35%

$3

7.15%

89 mo

$99

296 mo

8.32%

$1

$5

228 mo

8.15%

$1

244 mo

8.08%

$61

8.30%

$1

8.19%

113 mo

$61

8.35%

$0

0.00%

77 mo

$29

247 mo

9.30%

$0

$1

142 mo

9.22%

$0

155 mo

9.19%

$22

9.30%

$0

9.32%

77 mo

$28

9.39%

$0

0.00%

63 mo

$23

210 mo

11.46%

$0

$1

140 mo

10.35%

$0

168 mo

10.22%

$21

11.62%

$0

10.00%

58 mo

$221

12.70%

$0

0.00%

59 mo

Coupon

Total Fixed-Rate, Single-Family, First Mortgage Loans, and Mortgage-Backed Securities $3,630

FIXED-RATE, SINGLE-FAMILY, FIRST MORTGAGE LOANS, AND MORTGAGE-BACKED SECURITIES

 ** PUBLIC ** Page 8
AGGREGATE SCHEDULE CMR REPORT

ASSETS (continued)

Report Prepared: 4/1/2003 7:58:33 AM Amounts in Millions

Reporting Dockets: 51

All Reporting CMR

Area: MD

Data as of: 4/1/2003

December 2002

Teaser ARMs

 Balances Currently Subject to Introductory Rates

 WAC

Non-Teaser ARMs

 Balances of All Non-Teaser ARMs

 Weighted Average Margin

 WAC

 WARM

 Weighted Average Time Until Next Payment Reset

6 Months or Less 7 Months to 2 Years 2+ Years to 5 Years 1 Month 2 Months to 5 Years

$0

0.00%

$53

209 bp

6.40%

196 mo

2 mo

$8

5.30%

$331

225 bp

5.24%

298 mo

7 mo

$3

5.45%

$232

266 bp

6.29%

319 mo

44 mo

$0

0.00%

$16

140 bp

4.40%

337 mo

2 mo

$0

0.00%

$17

75 bp

6.64%

260 mo

14 mo

Current Market Index ARMs 

by Coupon Reset Frequency

Total Adjustable-Rate, Single-Family, First Mortgage Loans & Mortgage-Backed Securities $661

ADJUSTABLE-RATE, SINGLE-FAMILY, FIRST MORTGAGE 

LOANS AND MORTGAGE-BACKED SECURITIES

Lagging Market Index ARMs 

by Coupon Reset Frequency

MEMO ITEMS FOR ALL ARMS (Reported at CMR 815)

ARM Balances by Distance from Lifetime Cap

 Balances With Coupon Within 200 bp of Lifetime Cap

 Weighted Average Distance from Lifetime Cap

 Balances With Coupon 201-400 bp from Lifetime Cap

 Weighted Average Distance from Lifetime Cap

 Balances With Coupon Over 400 bp from Lifetime Cap

 Weighted Average Distance from Lifetime Cap

 Balances Without Lifetime Cap

ARM Cap and Floor Detail

 Balances Subject to Periodic Rate Caps

 Weighted Average Periodic Rate Cap

 Balances Subject to Periodic Rate Floors

MBS Included in ARM Balances

6 Months or Less 7 Months to 2 Years 2+ Years to 5 Years 1 Month 2 Months to 5 Years

$4

155 bp

$1

283 bp

$30

1,124 bp

$18

$21

170 bp

$20

$5

$4

182 bp

$12

345 bp

$318

667 bp

$6

$325

165 bp

$259

$172

$5

195 bp

$2

372 bp

$218

650 bp

$10

$213

199 bp

$200

$16

$0

0 bp

$0

0 bp

$16

818 bp

$0

$0

100 bp

$0

$0

$0

200 bp

$1

355 bp

$3

583 bp

$13

$4

165 bp

$4

$0

Current Market Index ARMs 

by Coupon Reset Frequency

Lagging Market Index ARMs 

by Coupon Reset Frequency

 ** PUBLIC ** Page 9
AGGREGATE SCHEDULE CMR REPORT

ASSETS (continued)

Report Prepared: 4/1/2003 7:58:33 AM Amounts in Millions

Reporting Dockets: 51

All Reporting CMR

Area: MD

Data as of: 4/1/2003

December 2002

Balloons Fully Amortizing

$148

95 mo

244 mo

0

229 bp

29 mo

$0

0 bp

$203

48 mo

253 mo

9.35%

$119

160 mo

0

186 bp

23 mo

$2

22 bp

$317

144 mo

8.14%

Balances

WARM

Margin in Column 1; WAC in Column 2

Reset Frequency

Rate Index Code

$42

38 mo

128 bp

5 mo

0

$65

55 mo

8.32%

MULTIFAMILY AND 

NONRESIDENTIAL MORTGAGE 

CONSTRUCTION AND LAND 

Balances

WARM

Rate Index Code

Margin in Column 1; WAC in Column 2

Reset Frequency

$238

18 mo

0

119 bp

4 mo

$315

21 mo

8.12%

Balances

WARM

Rate Index Code

Margin in Column 1; WAC in Column 2

Reset Frequency

$131

149 mo

0

58 bp

2 mo

$134

132 mo

7.30%

Balances

WARM

Rate Index Code

Margin in Column 1; WAC in Column 2

Reset Frequency

Collateralized Mortgage Obligations:

 Floating Rate

 Fixed Rate

 Remaining WAL <= 5 Years

 Remaining WAL 5-10 Years

 Remaining WAL Over 10 Years

 Superfloaters

 Inverse Floaters & Super POs

 Other

CMO Residuals:

 Fixed Rate

 Floating Rate 

Stripped Mortgage-Backed Securities:

 Interest-Only MBS

 WAC

 Principal-Only MBS

 WAC

Total Mortgage-Derivative

 Securities - Book Value

$14

86 mo

0

118 bp

3 mo

$172

74 mo

9.02%

$0

$16

$0

$0

$0

$0

$0

$0

$0

$0

0.00%

$0

0.00%

$17

$13

$41

$0

$0

$0

$0

$0

0.00%

$0

0.00%

$55

COMMERCIAL LOANS

MORTGAGE-DERIVATIVE 

SECURITIES -- BOOK VALUE

CONSUMER LOANS

Adjustable Rate Fixed Rate

Adjustable Rate Fixed Rate

Adjustable Rate Fixed Rate

Adjustable Rate Fixed Rate

High Risk Low Risk

SECOND MORTGAGE LOANS 

AND SECURITIES

Adjustable-Rate:

 Balances

 WARM

 Remaining Term to Full Amortization

 Rate Index Code

 Margin

 Reset Frequency

 MEMO: ARMs within 300 bp of Lifetime Cap

 Balances

 Wghted Average Distance to Lifetime Cap

Fixed-Rate:

 Balances

 WARM

 Remaining Term to Full Amortization

 WAC

 ** PUBLIC ** Page 10
AGGREGATE SCHEDULE CMR REPORT

ASSETS (continued)

Report Prepared: 4/1/2003 7:58:33 AM Amounts in Millions

Reporting Dockets: 51

All Reporting CMR

Area: MD

Data as of: 4/1/2003

December 2002

Fixed-Rate Mortgage Loan Servicing

 Balances Serviced

 WARM

 Weighted Average Servicing Fee

 Total Number of Fixed Rate Loans Serviced that are:

 Conventional

 FHA/VA

 Subserviced by Others

Less Than 7% 7.00 to 7.99% 8.00 to 8.99% 9.00 to 9.99% 10.00% & Above

$94

225 mo

26 bp

2 loans

0 loans

0 loans

$66

197 mo

28 bp

$24

171 mo

30 bp

$13

139 mo

33 bp

$12

121 mo

28 bp

Coupon of Fixed-Rate Mortgages Serviced for Others

Total Balances of Mortgage Loans Serviced for Others $281

MORTGAGE LOANS SERVICED FOR OTHERS

Total Cash, Deposits, and Securities $1,530

Cash, Non-Interest-Earning Demand Deposits, Overnight Fed Funds, Overnight Repos

Equity Securities (including Mutual Funds) Subject to SFAs No. 115

Zero-Coupon Securities

Government & Agency Securities

Term Fed Funds, Term Repos, and Interest-Earning Deposits

Other (Munis, Mortgage-Backed Bonds, Corporate Securities, Commercial Paper, etc.)

Memo: Complex Securities (from supplemental reporting)

CASH, DEPOSITS, AND SECURITIES

$556

$102

$3

$156

$369

$63

$280

7.92%

3.91%

1.36%

5.53%

246 mo

34 mo

3 mo

39 mo

Balances WAC WARM

Adjustable-Rate Mortgage Loan Servicing

 Balances Serviced

 WARM (in months)

 Weighted Average Servicing Fee

Current Market

Index on Serviced Loan

$71

95 mo

28 bp

$1

135 mo

59 bp

0 loans

0 loans

Total # of Adjustable-Rate Loans Serviced

 Number of These Subserviced by Others

Lagging Market

 ** PUBLIC ** Page 11
AGGREGATE SCHEDULE CMR REPORT

ASSETS (continued)

Report Prepared: 4/1/2003 7:58:33 AM Amounts in Millions

Reporting Dockets: 51

All Reporting CMR

Area: MD

Data as of: 4/1/2003

December 2002

Nonperforming Loans

Accrued Interest Receivable

Advances for Taxes and Insurance

Less: Unamortized Yield Adjustments

 Valuation Allowances

Unrealized Gains (Losses)

$166

$29

$4

$11

$32

$4

Mortgage "Warehouse" Loans Reported as Mortgage

 Loans at SC23

Loans Secured by Real Estate Reported as Consumer

 Loans at SC34

Market Vaue of Equity Securities and Mutual Funds Reported 

at CMR464:

 Equity Securities and Non-Mortgage-Related Mutual Funds

 Mortgage-Related Mututal Funds

Mortgage Loans Serviced by Others:

 Fixed-Rate Mortgage Loans Serviced

 Weighted Average Servicing Fee

 Adjustable-Rate Mortgage Loans Serviced

 Weighted Average Servicing Fee

Credit-Card Balances Expected to Pay Off in

 Grace Period

$0

$25

$67

$35

$64

24 bp

$8

34 bp

$0

ITEMS RELATED TO MORTAGE LOANS AND SECURITIES

Real Estate Held for Investment

Repossessed Assets

Equity Assets Not Subject to 

 SFAs No. 115 (Excluding FHLB Stock)

Office Premises and Equipment

Items Related to Certain Investment Securities

 Unrealized Gains (Losses)

 Less: Unamortized Yield Adjustments

 Valuation Allowances

Other Assets

 Servicing Assets, Interest-Only Strip Receivables,

 and Certain Other Instruments

 Miscellaneous I

 Miscellaneous II

$2

$39

$0

$88

$3

$-1

$0

$1

$112

$0

MEMORANDUM ITEMS

ITEMS RELATED TO NONMORTAGE LOANS AND SECURITIES

Nonperforming Loans

Accrued Interest Receivable

Less: Unamortized Yield Adjustments

 Valuation Allowances

Unrealized Gains (Losses)

$7

$2

$-1

$7

$1

TOTAL ASSETS $8,198

OTHER ITEMS

 ** PUBLIC ** Page 12
AGGREGATE SCHEDULE CMR REPORT

LIABILITIES

Report Prepared: 4/1/2003 7:58:33 AM Amounts in Millions

Reporting Dockets: 51

All Reporting CMR

Area: MD

Data as of: 4/1/2003

December 2002

Balances Maturing in 3 Months or Less

 WAC

 WARM

Balances Maturing in 4 to 12 Months

 WAC

 WARM

Balances Maturing in 13 to 36 Months

 WAC

 WARM

Balances Maturing in 37 or More Months

 WAC

 WARM

12 or Less 13 to 36 37 or More

Early Withdrawals During 

Quarter 

$459

2.58%

2 mo

$662

2.57%

7 mo

$287

4.92%

2 mo

$742

4.28%

8 mo

$794

3.72%

20 mo

$58

5.94%

2 mo

$139

5.76%

8 mo

$601

6.28%

26 mo

$528

4.88%

52 mo

$15

$6

$23

$9

Original Maturity in Months

Total Fixed-Rate, Fixed Maturity Deposits: $4,270

FIXED-RATE, FIXED-MATURITY DEPOSITS

Balances in Brokered Deposits

Deposits with Early-Withdrawal Penalties Stated

in Terms of Months of Forgone Interest:

 Balances Subject to Penalty

 Penalty in Months of Forgone Interest

Balances in New Accounts 

MEMO: FIXED-RATE, FIXED-MATURITY DEPOSITS DETAIL

$27

$906

2.81 mo

$67

$36

$1,591

4.75 mo

$91

$89

$1,126

9.22 mo

$64

Balances by Remaining Maturity:

12 or Less 13 to 36 37 or More

Original Maturity in Months

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AGGREGATE SCHEDULE CMR REPORT

LIABILITIES (continued)

Report Prepared: 4/1/2003 7:58:33 AM Amounts in Millions

Reporting Dockets: 51

All Reporting CMR

Area: MD

Data as of: 4/1/2003

December 2002

Balances by Coupon Class:

 Under 5.00%

 5.00 to 5.99%

 6.00 to 6.99%

 7.00 to 7.99%

 8.00 to 8.99%

 9.00 to 9.99%

 10.00 to 10.99%

 11.00 and Above

WARM

0 to 3 Months 4 to 36 Months Over 36 Months WAC

$19

$2

$0

$0

$0

$0

$0

$0

1 mo

$97

$29

$5

$1

$0

$0

$0

$0

15 mo

$18

$11

$2

$3

$0

$1

$0

$0

65 mo

3.63%

5.47%

6.29%

7.29%

8.00%

9.00%

0.00%

0.00%

Remaining Maturity

Total Fixed-Rate, Fixed-Maturity Borrowings $189

FIXED-RATE, FIXED-MATURITY BORROWINGS

MEMOS

FHLB ADVANCES, OTHER BORROWINGS, 

REDEEMABLE PREFERRED STOCK, AND 

SUBORDINATED DEBT

Variable-Rate, Fixed-Maturity Liabilities

 (from Supplemental Reporting)

Book Value of Redeemable Preferred Stock

$296

$0

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AGGREGATE SCHEDULE CMR REPORT

LIABILITIES (continued)

Report Prepared: 4/1/2003 7:58:33 AM Amounts in Millions

Reporting Dockets: 51

All Reporting CMR

Area: MD

Data as of: 4/1/2003

December 2002

NON-MATURITY DEPOSITS

 Transaction Accounts

 Money Market Deposit Accounts (MMDAs)

 Passbook Accounts

 Non-Interest-Bearing Non-Maturity Deposits

ESCROW ACCOUNTS

 Escrow for Mortgages Held in Portfolio

 Escrow for Mortgages Serviced for Others

 Other Escrows

 TOTAL NON-MATURITY DEPOSITS & ESCROW ACCOUNTS

UNAMORTIZED YIELD ADJUSTMENTS ON DEPOSITS

UNAMORTIZED YIELD ADJUSTMENTS ON BORROWINGS

OTHER LIABILITIES

 Collateralized Mortgage Securities Issued

 Miscellaneous I

 Miscellaneous II

Total Balances WAC Balances in New 

Accounts 

$573

$917

$870

$139

$14

$3

$5

$2,521

$-1

$0

$0

$50

$7

1.27%

1.80%

1.81%

0.51%

5.34%

0.52%

$8

$40

$29

$3

TOTAL LIABILITIES $7,332

MINORITY INTEREST AND CAPITAL

MINORITY INTEREST IN CONSOLIDATED SUBSIDIARIES

EQUITY CAPITAL

$1

$867

TOTAL LIABILITIES, MINORITY INTEREST, AND CAPITAL $8,199

 ** PUBLIC ** Page 15
AGGREGATE SCHEDULE CMR REPORT

SUPPLEMENTAL REPORTING

Report Prepared: 4/1/2003 7:58:33 AM Amounts in Millions

Reporting Dockets: 51

All Reporting CMR

Area: MD

Data as of: 4/1/2003

December 2002

SUPPLEMENTAL REPORTING FOR FINANCIAL DERIVATIVES AND OFF-BALANCE-SHEET POSITIONS

Contract Code Off-Balance-Sheet Contract Positions # Firms if # > 5 Notional Amount

1002 Opt commitment to orig 1-month COFI ARMs $4

1006 Opt commitment to orig 6-mo or 1-yr Treasury/LIBOR ARMs $0

1008 Opt commitment to orig 3- or 5-yr Treasury ARMs $2

1010 Opt commitment to orig 5- or 7-yr Balloon or 2-step mtgs $2

1012 Opt commitment to orig 10-, 15-, or 20-year FRMs 18 $14

1014 Opt commitment to orig 25- or 30-year FRMs 14 $17

1016 Opt commitment to orig "other" Mortgages 15 $14

2008 Commit/purchase 3- or 5-yr Treas ARM loans, svc retained $3

2012 Commit/purchase 10-, 15-, or 20-yr FRM loans, svc retained $7

2014 Commit/purchase 25- or 30-yr FRM loans, svc retained $3

2016 Commit/purchase "other" Mortgage loans, svc retained $8

2032 Commit/sell 10-, 15-, or 20-yr FRM loans, svc retained $0

2054 Commit/purchase 25- to 30-year FRM MBS $1

2056 Commit/purchase "other" MBS $1

2114 Commit/purchase 25- or 30-yr FRM loans, svc released $35

2126 Commit/sell 6-mo or 1-yr Treas/LIBOR ARM lns, svc released $94

2128 Commit/sell 3- or 5-yr Treasury ARM loans, svc released $3

2134 Commit/sell 25- or 30-yr FRM loans, svc released $45

2136 Commit/sell "other" Mortgage loans, svc released $44

2206 Firm commit/originate 6-mo or 1-yr Treas or LIBOR ARM lns $18

2208 Firm commit/originate 3- or 5-yr Treasury ARM loans $15

2210 Firm commit/orig 5- or 7-yr Balloon or 2-step mtg lns $2

2212 Firm commit/originate 10-, 15-, or 20-year FRM loans 9 $22

2214 Firm commit/originate 25- or 30-year FRM loans 9 $18

2216 Firm commit/originate "other" Mortgage loans 8 $26

3014 Option to purchase 25- or 30-yr FRMs $3

4002 Commit/purchase non-Mortgage financial assets $1

4022 Commit/sell non-Mortgage financial assets $1

 ** PUBLIC ** Page 16
AGGREGATE SCHEDULE CMR REPORT

SUPPLEMENTAL REPORTING

Report Prepared: 4/1/2003 7:58:34 AM Amounts in Millions

Reporting Dockets: 51

All Reporting CMR

Area: MD

Data as of: 4/1/2003

December 2002

SUPPLEMENTAL REPORTING FOR FINANCIAL DERIVATIVES AND OFF-BALANCE-SHEET POSITIONS

Contract Code Off-Balance-Sheet Contract Positions # Firms if # > 5 Notional Amount

9502 Fixed-rate construction loans in process 18 $176

9512 Adjustable-rate construction loans in process 7 $74

 ** PUBLIC ** Page 17