Name of institution: CIT Group Inc. Submission date: March 31, 2010 

PART I. QUANTITATIVE OVERVIEW

SCHEDULE A: CONSUMER LENDING (Millions $) OCT NOV DEC Key 1. First Mortgagea. Average Loan Balance (Daily Average Total Outstanding) N/A N/A N/A

b. Total Originations N/A N/A N/A

(1) Refinancings N/A N/A N/A

(2) New Home Purchases N/A N/A N/A

2. Home Equity

a. Average Total Loan Balance N/A N/A N/A

b. Originations (New Lines+Line Increases) N/A N/A N/A

c. Total Used and Unused Commitments N/A N/A N/A

2009

TREASURY MONTHLY INTERMEDIATION SNAPSHOT

3. US Card ‐ Manageda. Average Total Loan Balance ‐ Managed N/A N/A N/A

b. New Account Originations (Initial Line Amt) N/A N/A N/A

c. Total Used and Unused Commitments N/A N/A N/A

4. Other Consumer

a. Average Total Loan Balance $11,673 $11,592 $11,426 Consumer Lending assets consist primarily of our Student Lending business, which is in run‐

off mode and approximately 95% government guaranteed.

b. Originations $0 $0 $0

1
SCHEDULE B: COMMERCIAL LENDING (Millions $) OCT NOV DEC Key 

1. C & Ia. Average Total Loan and Lease Balance $46,076 $45,725 $43,507 Included in the C & I asset balances is approximately $13.3 Billion of operating leases

b. Renewal of Existing Accounts $2,589 $2,465 $2,343 The Renewal of Existing Accounts is predominately from our Trade Finance business.

c. New Commitments $373 $297 $282 The bulk of our new commitments were generated from Global Vendor Finance.

2. Commercial Real Estate

a. Average Total Loan and Lease Balance $634 $587 $424 Some of our other businesses‐ Small Business Administration lending, and Energy financing,

may also have some of their loans secured by real estate. Those businesses are included in

the appropriate section of the report

b. Renewal of Existing Accounts $0 $0 $0

c. New Commitments $0 $0 $04. Small Business Loans3

a. Average Total Loan Balance $1,462 $1,439 $1,416

b. Originations $9 $9 $10

SCHEDULE C: MEMORANDA ‐ SMALL BUSINESS LENDING (Millions $)

SCHEDULE D: OTHER INTERMEDIATION ACTIVITIES (Millions $)

1. MBS/ABS Net Purchased Volume

a. Mortgage Backed Securities N/A N/A N/A

b. Asset Backed Securities N/A N/A N/A

2. Secured Lending (Repo, PB, Margin Lending)

a. Average Total Matched Book (Repo/Reverse Repo)1 N/A N/A N/A

b. Average Total Debit Balances2 N/A N/A N/A3. Underwriting

a. Total Equity Underwriting N/A N/A N/A

b. Total Debt Underwriting N/A N/A N/A

Notes:

d h l l d d f h l d l l d b f b h d l d l d b h ll d d/ h l h ll l fd ll b 

2. Applicable only for institutions offering prime brokerage or other margin lending services to clients.1. Not applicable if matched book activity does not exceed $50 billion.3. Memoranda: these loans are already accounted for in either consumer lending, commercial lending, or a combination of both, and include loans guaranteed by the Small Business Administration and/or any other loans that are internally classified as small business 

2
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  CIT Group Inc

Reporting month(s):  February 2010   

Submission date:  March 30, 2010

Person to be contacted regarding this report:   Peter Justini – 973‐422‐3678

PART II.  QUALITATIVE OVERVIEW

Please provide a brief overview of the intermediation activity during the month.  This discussion should

include a general commentary on the lending environment, loan demand, any changes in lending

standards and terms, and any other intermediation activity.

Transportation Finance – Business Aircraft

The corporate aviation market appears to be stabilizing with used jet inventories down for the sixth

consecutive month and jet aircraft orders/ cancellations remaining at consistent levels.  Backlogs at

major manufactures of new aircraft are holding steady while flight operations have returned to previous

year‐over‐year levels and are predicted to increase 9‐13% over 2009.  New aircraft deliveries historically

lag economic upturns by six to eight quarters, so no major improvement in new deliveries is forecasted

prior to mid‐2012.  

Transportation Finance – Commercial Aircraft

Consistent with the previous month, for the next several months we continue to expect pressure on

margins, reflecting lower lease rates on new deliveries and newly remarketed aircraft.  Commercial Air

revenues remained strong for February as a result of high asset utilization.  

Transportation Finance – Rail Cars

While market conditions have stabilized (weekly rail loadings have improved), weak car loadings and

improved train speeds have resulted in significant excess capacity in the rail network; approximately

27% of the North American fleet is being stored as carriers and shippers continue to reduce costs and

rationalize fleet size; this is a 2% decrease as compared to January.  In this market environment, the goal

for many companies is to sacrifice rate to keep rail cars on lease to mitigate storage and freight charges,

as well as position the fleet for industry turn around.

Leveraged Finance (relative to the Transportation Sector)

The macro industry factors are beginning to ripple through Aerospace supply chain.  The slowdown in

business jet aircraft build rates is beginning to have negative cash flow implications for some borrowers.  

Those borrowers that are tied to airline servicing (e.g., maintenance and repair organizations, pilot

training, etc) are feeling the pain of a slower commercial aviation industry.  The market for defense

suppliers continues to be strong as the defense budgets show consistent growth and activity relative to

the war effort driving demand across the industry.

Corporate Finance / Loan Syndication

February’s leveraged loan volume of $11.7B was down slightly from January and continued to be

dominated by re‐financings versus new money transactions.  Lack of primary transactions and continued

repayments from an active high yield market pushed secondary loan prices to an 18 month high and

produced numerous dividend deals.  The trailing 12 month default rate hit a 5 month low of 8.59% in

February versus 8.82% in January and 9.61% at 12/31/09.  Within our portfolio we are seeing improving

performance albeit at a slow pace.  As is true of the overall market, covenant relief amendment activity

is down from January and late 2009.
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  CIT Group Inc

Reporting month(s):  February 2010   

Submission date:  March 30, 2010

Person to be contacted regarding this report:   Peter Justini – 973‐422‐3678

Trade Finance

Conditions in the marketplace remain unchanged from the previous month; loan demand from our

continuing client base is down slightly compared with last year and demand from new clients is

significantly reduced.  We continue to observe a decrease in liquidity as the money center and regional

banks have returned to much higher standards regarding loan documentation, loan covenants and

collateral perfection.   

Vendor Finance

CIT’s Vendor Finance’s “VF” lending levels are down month over month primarily due to seasonality and

economic conditions remaining soft.  VF’s ability to lend is being directly impacted by CIT’s cost of

capital. Overall economic conditions are also contributing to reduced sales by our vendor partners,

thereby reducing our volume of business.  

CIT’s loan demand continues to be negatively impacted by uncertainty in the market regarding

economic recovery.  We anticipate that will change with the securitization and asset‐backed conduit

programs, but absent competitive cost of capital, timing is difficult to predict.  Consolidation of funding

sources within the global vendor markets has increased the overall demand for GVF type products and

services and as we are able to reduce funding costs, CIT will be better positioned to capitalize on the

opportunity. CIT’s current cost of capital has limited our ability to increase or maintain market share.  

February’s volume decreased versus January as a result of seasonality and economic conditions

remaining soft, and it is still significantly lower than historical levels.  

Traditional syndication investors (one off deals and portfolio acquisitions) are being careful on their

investments and have moved to a “flight to quality”; investors are looking for:

• Investment grade deals  

• Focused on mid to large ticket transactions (no small ticket), resulting in higher margins  

• Opportunistic pricing

As for the macroeconomics across the Vendor Finance business segments, CIT is seeing/ experiencing

the following:

• Canada – While the economy performed better than anticipated in the last quarter of 2009 with

real GDP growth of 5% (annualized rate), the 2010 outlook is for moderate growth of 3% ‐3.5%.

This moderation is due to changes in drivers of the current growth namely personal

expenditures and investment in residential structures. The elimination of a Federal home

renovation tax credit in January could negatively impact consumer spending. Also, the output

bolstered by increase in US demand in the later half of 2009 is forecasted to decrease since the

US growth appears to have been driven by temporary factors such as investment in inventories

and fiscal stimulus programs as captioned by recent reports from TD Bank. The anticipated

moderation of GDP growth and with the inflation rate currently at the projected target of 2%,

the Canadian Central Bank in Q1 decided to keep interest rates at their current low levels and is

expected to maintain current rates through the end of Q2 when a rate hike is forecasted. A
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  CIT Group Inc

Reporting month(s):  February 2010   

Submission date:  March 30, 2010

Person to be contacted regarding this report:   Peter Justini – 973‐422‐3678

stabilized unemployment rate at the beginning of Q1 and an increase in exports in comparison

to imports are positive signs for 2010 GDP growth

• Latin American – While the overall regional economy contracted by 1% in 2009, the anticipation

is for GDP growth of about 2.5% in 2010 according to forecast by Moody’s. Brazil is forecasted to

top the region with the highest GDP growth for the period at 5.5% ‐6.5 %. Growth in Brazil is

mainly the result of recoveries experienced in the commodities market and an increase in

domestic demand. The resulting inflationary concerns caused by the this growth pattern

sparked the intervention of the Brazil central bank which tightened monetary policy in Q1 by

increasing minimum reserve requirements by 2% and is anticipated to increase interest rates in

Q2. Even Mexico which experienced a 6.7 % decline in GDP for 2009 heavily impacted by

economic contraction in U.S. is forecasted to for GDP growth of about 3%‐4% in 2010 as

outlined by a recent S&P report. This growth is based on the improvement in the U.S economy

(Mexico’s largest export market) and a better pricing benchmark for Crude Oil (Mexico’s largest

export) among others.

• Europe UK –  Core European Countries (France, Germany, UK) are now showing GDP growth and

stabilization however concern remains that if government spending / subsidies are cut too soon

there could be a return to negative growth. UK GDP increased by .3% in Q4, ending the

recession in the UK (statistically). 2010 is forecasted to have positive GDP with approximately

0.3% growth in 2010. Unemployment continues to remain high across the region. There are

concerns that removal of stimulus plans will negatively impact recovery and employment levels.

• US ‐ US Economic conditions continue to indicate recovery but with ongoing weaknesses.

Unemployment remains high at 9.7% and consumer sentiment continues to be weak. Unlike

previous recessions it is unlikely that the US consumer will lead the recovery due to high

unemployment, reductions in income and net worth. However, Business spending has improved

with businesses investing in new equipment and technology. January industrial output increased

0.9% followed by 0.1% in February. February results were impacted by particularly harsh

weather in most parts of the US. The stock markets have just passed the one year mark from the

low point with the Dow increasing 55%. At the March Federal Open Market Committee meeting

the Federal Reserve announced rates would remain at low rates as inflation remains tame and

short term GDP growth will be low. CEO Confidence Index and the Composite of Leading

Economic Indicators have both continued to increase for 3 and 4 quarters respectively. Semi‐

Conductor demand though improving moderately slightly last quarter. Clearly a recovery is in

progress but it remains to be seen how robust it will be.

Small Business Lending

In February, the amount of loans made to small businesses by CIT Small Business Lending (SBL) declined

from the prior month. However, the volume of new applications rose sharply and should lead to

increased lending volume over the next several months.  

Demand for loans from small businesses continues to be depressed by a lack of confidence in the

economy. This is based the lower level of revenues and earnings reported by a majority of small
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  CIT Group Inc

Reporting month(s):  February 2010   

Submission date:  March 30, 2010

Person to be contacted regarding this report:   Peter Justini – 973‐422‐3678

businesses. Further indication of weak demand is seen in the low utilization rates on existing lines of

credit as reported by banks. According to the Federal Reserve’s survey of senior loan officers, lending

standards for small business loans appear to have stabilized but were significantly tightened over the

past year. The combination of lower demand and tighter underwriting has resulted in decreased small

business lending.

Given the declining trend in revenues and earnings as mentioned earlier, general creditworthiness of

small businesses has declined. But many small businesses have taken action to lower costs and some are

now well positioned to thrive as the economic recovery broadens. These businesses are creditworthy

and should have access to credit as needed.

While consumer spending rose in February, consumer confidence has been uncertain. This could

dampen consumer spending going forward. Another negative was personal income which was flat in

February after an increase the month earlier. Finally, unemployment did not register any improvement.

Based on these factors, the economic environment for small business is still unfavorable.

Consumer Lending

The Student lending spreads continue to be stable in the 75‐85bp range and we expect them to stay

there unless demand picks up, which could lead to tighter spreads. Widening of spread is unlikely since

markets seem to be stable and there is no concern of credit deterioration given the government

guarantee.    

The private loan portfolio delinquency performance month over month, as well as charge‐offs are

relatively flat. Q1 2010 charge‐offs are expected to be 500k higher than Q4. The Federal Family

Education Loan Program portfolio has experienced an increase in delinquency but it is consistent with

our expectations as the portfolio is impacted every year by seasonality and tends to normalize in Q2.

The Consumer unsecured portfolio continues to liquidate quickly and charge‐off and delinquency

numbers continues to show a positive trend month over month and we expect the trend to continue.  
Name of institution: Citigroup Submission date: March 31, 2010 

PART I. QUANTITATIVE OVERVIEW

2009

SCHEDULE A: CONSUMER LENDING (Millions $) DEC JAN FEB Key 1. First Mortgagea. Average Loan Balance (Daily Average Total Outstanding) $135,434 $132,472 $131,308 Consists of residential whole loans. Excludes assets classified as trading assets that are not part 

the core mortgage portfolio.

b. Total Originations $3,908 $3,441 $3,525 Originations includes new loans whether for refinancing of an existing home or the purchase of 

home. It does not include troubled debt restructurings which usually includes a restructuring o

terms and not additional extensions of credit.

(1) Refinancings $2,213 $2,009 $1,897 If on a refinancing, amounts were added to the existing loan balance, the total amount of the n

loan is reported. Originations include both loans originated for the balance sheet as well as loa

originated for sale.

(2) New Home Purchases $476 $294 $341

2. Home Equity

a. Average Total Loan Balance $60,542 $59,815 $59,106 Includes HELOC and 2nd mortgages.

b. Originations (New Lines+Line Increases) $106 $74 $113 If a line is increased, only the amount of the increase is included in originations. If we originate

new HELOC or 2nd, we included the amount drawn in the Ending and Average Balances, and w

included the total new line in originations.

2010

TREASURY MONTHLY INTERMEDIATION SNAPSHOT

c. Total Used and Unused Commitments $77,250 $77,565 $75,1583. US Card ‐ Manageda. Average Total Loan Balance ‐ Managed $140,261 $137,588 $132,393 Balances do not include commercial card activity.

b. New Account Originations (Initial Line Amt) $8,482 $4,033 $5,319

c. Total Used and Unused Commitments $781,140 $776,214 $749,4354. Other Consumer

a. Average Total Loan Balance $56,477 $70,954 $70,784 Includes auto, student and personal loans. Student loans includes related deferred fees and lin

of credit with schools (which are secured by student loans).

b. Originations $978 $2,002 $770

1
SCHEDULE B: COMMERCIAL LENDING (Millions $) DEC JAN JAN Key 

1. C & Ia. Average Total Loan and Lease Balance $24,126 $33,316 $43,040 Renewals and new commitments are on a facility basis. Facilities may include L/Cs. Renewals

represent credit facilities that expired/matured and were renewed during the period.

b. Renewal of Existing Accounts $1,583 $373 $513

c. New Commitments $702 $477 $1,0132. Commercial Real Estate

a. Average Total Loan and Lease Balance $22,784 $23,265 $23,267 Renewals and new commitments are on a facility basis. Facilities may include L/Cs. Renewals

represent credit facilities that expired/matured and were renewed during the period.

b. Renewal of Existing Accounts $282 $194 $26

c. New Commitments $294 $47 $132SCHEDULE C: MEMORANDA ‐ SMALL BUSINESS LENDING (Millions $)

4. Small Business Loans3

a. Average Total Loan Balance $10,201 $9,976 $9,781b. Originations $107 $95 $98

SCHEDULE D: OTHER INTERMEDIATION ACTIVITIES (Millions $)

1. MBS/ABS Net Purchased Volume

a. Mortgage Backed Securities $4,188 $1,249 $1,580 Does not include maturities and pay downs. Net Purchased Volume is reported using cost basis

b. Asset Backed Securities $118 $268 $402

2. Secured Lending (Repo, PB, Margin Lending)

a. Average Total Matched Book (Repo/Reverse Repo)1 $152,030 $157,267 $147,686 Average Total Matched Book (Repo/Reverse Repo) is before FIN 41 netting. Includes security

lending activity.

b. Average Total Debit Balances2 $14,782 $15,463 $15,169

3. Underwriting

a. Total Equity Underwriting $3,407 $28 $10 Equity Underwriting represents Citi's portion of underwritten issue.

b. Total Debt Underwriting $10,370 $17,104 $8,416 Debt underwriting represents Citi's portion of underwritten issue and extensions of credit to

finance specific individual Community Development projects that are in bond form.

Notes:3. Memoranda: these loans are already accounted for in either consumer lending, commercial lending, or a combination of both, and include loans guaranteed by the Small Business Administration and/or any other loans that are internally classified as small business loan

2. Applicable only for institutions offering prime brokerage or other margin lending services to clients.

1. Not applicable if matched book activity does not exceed $50 billion.

2
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:    Citigroup

Reporting month(s):    February 2010   

Submission date:    March 31, 2010

Person to be contacted regarding this report:   Carol Hayles or Peter Bieszard

1

PART II.  QUALITATIVE OVERVIEW

Please provide a brief overview of the intermediation activity during the month.  This discussion should

include a general commentary on the lending environment, loan demand, any changes in lending

standards and terms, and any other intermediation activity.

Company description:  Citigroup Inc. (“Citi”) does business in the United States through Citibank, Citi

Institutional Clients Group, The Citi Private Bank, Primerica, Diners Club, CitiFinancial, CitiMortgage and

Citi Cards.   

All data cited below reflect comparisons to January 2010, unless otherwise noted.

Consumer Lending:  Citi originated $9.7 billion in new loans to U.S. consumers and small business in

February, up 2 percent from January.  Unemployment was flat at 9.7 percent in February, but signs of

further stability in the economy contributed to higher month‐to‐month loan volumes.

In February, first mortgage loan originations totaled $3.5 billion, up more than 2 percent from January.

Average mortgage loan balances were $131.3 billion a decline of less than 1 percent from the prior

month.   Average balances were impacted by moderate reductions in “held for sale” loans and

investment loans.

Average home equity loan balances in February were $59.1 billion, or 1 percent lower than January

balances.  Used and unused commitments totaled $75.2 billion, declining 3 percent from the prior

month.

As in previous months, in February Citi continued to expand participation in its loss mitigation efforts

and programs focused on helping homeowners facing financial difficulty to modify their loans.  Through

initiatives like the Citi Homeownership Assistance Program, the CitiFinancial Home Affordable Mortgage

Program and the Home Affordable Mortgage Program, Citi modified approximately 14,500 first

mortgage and home equity loans with a total value of approximately $2.6 billion in February.

Citi issued new credit card lines totaling $5.3 billion, up 32 percent from January levels.  Purchase sales

declined 9 percent from February and 14 percent from February 2009, contributing to lower average

total card balances.

In February, card members continued to participate in Citi’s expanded eligibility forbearance programs.  

More than 145,000 card members enrolled in these programs during the month, compared with

166,000 in January.  Total balances covered by Citi’s forbearance programs were flat on a month‐to‐

month basis and increased by more than 50 percent from the prior year period.   
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:    Citigroup

Reporting month(s):    February 2010   

Submission date:    March 31, 2010

Person to be contacted regarding this report:   Carol Hayles or Peter Bieszard

2

Originations in other consumer lending categories totaled $770 million, compared with $2.0 billion in

January.  Seasonal origination volume declines in student loans and personal installment loans more

than offset a more than 5 percent increase in auto loan originations.  

Commercial Lending:  Commercial lending activity decreased in February.  Citi originated $10.1 billion in

corporate loans, down from $18.2 billion in January.

New Commercial & Industrial (C&I) loan commitments more than doubled to $1.0 billion, compared

with $477 million in January.  Loan renewals increased to $513 million, up 38 percent month‐to‐month.   

Average total C&I loan balances increased 29 percent to $43 billion, reflecting the continued impact of

changes in accounting standards covering consolidations that went into effect in January.

In February, new Commercial Real Estate (CRE) loan commitments totaled $132.4 million, compared

with $47.4 million in the previous month.  The increase in new commitments was driven by substantial

capital raising activities undertaken by some of Citi’s REIT clients, which issued both new equity and

longer term debt to strengthen their balance sheets.  Loan renewals declined to $25.8 million, from

$193.8 million in January.  Average total CRE loan and lease balances of $23.3 billion were flat with

January levels.

Other Intermediation Activities:  Citi recorded net purchases of $2.0 billion in mortgage‐ and asset‐

backed securities (MBS/ABS) in February, reflecting higher volumes.  MBS activity reflected an increase

in customer demand for agency bonds.

Citi’s total debt underwriting was $8.4 billion in February, a decrease of 51 percent from the prior

month, reflecting lower average principal per deal.  High yield underwriting activity included 27 deals

totaling $11.2 billion, compared with 30 transactions with a cumulative value of $12.7 billion in January.  

Citi lead managed 3 deals with an aggregate value of $879 million.  In February, Citi also participated in

100 investment grade transactions with an aggregate value of $43.5 billion, compared with 87 deals

totaling $72.3 billion in January.  Citi lead managed 22 of these transactions with a total value of $3.0

billion.  Citi participated in 49 equity and linked deals with an aggregate value of $9.2 billion in February,

compared with 47 deals totaling $7.6 billion in January.  Citi lead managed 7 of these deals with a total

value of $318 million.  Total equity underwriting was negatively impacted by a decrease in deal volume

and average principal per deal.
Name of institution: COMERICA INCORPORATED Submission date: 04/01/2010 

PART I. QUANTITATIVE OVERVIEW

2009

SCHEDULE A: CONSUMER LENDING (Millions $) DEC JAN FEB Key 1. First Mortgagea. Average Loan Balance (Daily Average Total Outstanding) $1,652 $1,643 $1,634 Consists of 1st lien 1‐4 family residential mortgage and construction loans originated by Comer

Bank.

b. Total Originations $36 $29 $24 Consists of loans funded during the period, including those originated for sale.

(1) Refinancings $21 $24 $13

(2) New Home Purchases $15 $5 $112. Home Equity

a. Average Total Loan Balance $1,804 $1,797 $1,787 Consists of both fixed and revolving home equity (2nd lien) loans.

b. Originations (New Lines+Line Increases) $10 $6 $7 Excludes commitments/originations where home equity collateral is provided for multiple

purposes (personal and business), which are included in Commercial Lending commitments

(Schedule B).

2010

TREASURY MONTHLY INTERMEDIATION SNAPSHOT

c. Total Used and Unused Commitments $3,220 $3,196 $3,0823. US Card ‐ Manageda. Average Total Loan Balance ‐ Managed $56 $56 $58 Consists primarily of commercial bankcard loans.

b. New Account Originations (Initial Line Amt) $23 $19 $16 Includes new card loans funded during the period and new referrals to our consumer card part

c. Total Used and Unused Commitments $385 $386 $3874. Other Consumer

a. Average Total Loan Balance $650 $644 $638 Consists of consumer installment loans (both secured and unsecured) and student loans.

b. Originations $41 $33 $10

1
SCHEDULE B: COMMERCIAL LENDING (Millions $) DEC JAN FEB Key 

1. C & Ia. Average Total Loan and Lease Balance $24,316 $23,631 $23,361 Consists of loans for commercial and industrial purposes to both domestic and international

borrowers, lease financing and other non‐consumer, non‐real estate loans.

b. Renewal of Existing Accounts $2,251 $1,014 $1,113 Includes renewals of and increases to lines with existing customers.

c. New Commitments $416 $175 $271 Consists of binding commitments to new customers and new lines to existing customers, net o

participations sold. Includes commitments/originations where home equity collateral is provide

for multiple purposes (personal and business).

2. Commercial Real Estate

a. Average Total Loan and Lease Balance $13,988 $13,850 $13,786 Consists of loans made to businesses where 50% or more of the collateral is real estate (primar

owner‐occupied) and loans made to businesses or developers for building construction.

b. Renewal of Existing Accounts $350 $150 $116 Includes renewals of and increases to lines with existing customers.

c. New Commitments $31 $98 $42 Consists of binding commitments to new customers and new lines to existing customers, net o

participations sold.

4. Small Business Loans3

a. Average Total Loan Balance $3,723 $3,697 $3,656 Includes Small Business Administration loans and loans to other entities generally with annual

sales of less than $10 million at initial relationship.

SCHEDULE C: MEMORANDA ‐ SMALL BUSINESS LENDING (Millions $)

b. Originations $173 $133 $143 Consists of renewals and new commitments to both existing and new customers.

SCHEDULE D: OTHER INTERMEDIATION ACTIVITIES (Millions $)

1. MBS/ABS Net Purchased Volume

a. Mortgage Backed Securities $1,249 $100 $200 Represents net purchases (gross purchases, net of gross sales) of mortgage‐backed securities (

rated agency securities) for investment portfolio available‐for‐sale on a trade date basis. Exclu

principal paydowns.

b. Asset Backed Securities $0 ‐$4 ‐$29 Represents net purchases (gross purchases, net of gross sales) of asset‐backed auction‐rate

securities. Purchases were made as an accommodation to customers from October through

December 2008.

2. Secured Lending (Repo, PB, Margin Lending)

a. Average Total Matched Book (Repo/Reverse Repo)1 N/A N/A N/A

b. Average Total Debit Balances2 N/A N/A N/A3. Underwriting

a. Total Equity Underwriting $0 $0 $0 Amount of equity securities underwritten where the Corporation was manager or co‐manager 

the issue. All done on "best efforts" basis.

b. Total Debt Underwriting $18,919 $3,454 $2,464 Amount of debt securities underwritten where the Corporation had either a manager or co‐

manager role. All done on "best efforts" basis.

Notes:3. Memoranda: these loans are already accounted for in either consumer lending, commercial lending, or a combination of both, and include loans guaranteed by the Small Business Administration and/or any other loans that are internally classified as small business loan

2. Applicable only for institutions offering prime brokerage or other margin lending services to clients.

1. Not applicable if matched book activity does not exceed $50 billion.

2
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  COMERICA INCORPORATED

Reporting month(s):  February 2010   

Submission date:  April 1, 2010

Person to be contacted regarding this report:   Darlene Persons

1

PART II.  QUALITATIVE OVERVIEW

Please provide a brief overview of the intermediation activity during the month.  This discussion should

include a general commentary on the lending environment, loan demand, any changes in lending

standards and terms, and any other intermediation activity.

Comerica Incorporated is a financial services company headquartered in Dallas, Texas.  Comerica

Incorporated is strategically aligned into three major business segments: the Business Bank, the Retail

Bank and Wealth & Institutional Management, and operates in four primary markets: Texas, the

Midwest (primarily Michigan), Western (primarily California and Arizona) and Florida.   

The principal focus of Comerica Incorporated is to meet the needs of small and medium‐sized

businesses, multinational corporations and governmental entities through various products and services

including loans and lines of credit, letters of credit, deposits,  international trade finance and other

services.  The Business Bank, which includes all business customers except for small business,

traditionally accounts for at least two‐thirds of net interest income. In addition to serving the needs of

businesses, Comerica Incorporated also offers a variety of consumer products, including deposit

accounts, installment loans, credit cards, home equity lines of credit and residential mortgage loans.

Fiduciary services, private banking, retirement services and other wealth management services are also

provided.

Due to deteriorating economic conditions in our markets in early 2008, especially in California and

Michigan, management began a process intended to reduce business loans and commitments to

preserve capital and generate appropriate loan pricing for current risks. With the receipt of TARP

proceeds, management's focus moved toward establishing new and expanding existing lending

relationships, with appropriate pricing and credit standards. While economic recovery appears to be

underway, loan demand remains subdued as loan growth typically lags other economic indicators.  

Comerica Incorporated has historically focused on appropriate and consistent underwriting standards

and, while continuing to tighten controls, has not significantly tightened its underwriting standards

during the Snapshot reporting periods of October 2008 through February 2010.

Consumer Lending  

Consumer lending activity in February compared to January 2010 varied across the lending categories.   

Other Consumer originations decreased, while Home Equity originations increased slightly.  In the First

Mortgage category, residential new home purchases increased while refinancings decreased.  First

Mortgage and Other Consumer application volumes increased in February compared to January 2010,

while Home Equity application volumes decreased during this period.

In addition to direct consumer residential mortgage activity, residential mortgage lending was also

facilitated through lending to commercial customers in our Mortgage Banker and Financial Services
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  COMERICA INCORPORATED

Reporting month(s):  February 2010   

Submission date:  April 1, 2010

Person to be contacted regarding this report:   Darlene Persons

2

Divisions.  Renewals and new commitments of $85 million were booked in the Mortgage Banker and

Financial Services Divisions in February 2010.

Commercial Lending

C&I lending renewals increased in February from January 2010.  The increase was primarily in the Global

Corporate Banking division with increases also in the Middle Market, Small Business and National Dealer

Services divisions.  The increases were partially offset by decreases in the Commercial Real Estate,

Private Banking and Specialty Business divisions.  C&I new commitments increased in February from

January 2010 with increases in most markets offset by a decrease in the National/Other market.  By

lending division the increase was concentrated in Middle Market and Global Corporate Banking, partially

offset by a decrease in the National Dealer Services and Private Banking divisions.  

Commercial real estate renewals decreased in February from January 2010.  The decrease was

concentrated in the National/Other market, partially offset by increases in the Western, Florida and

Midwest markets.  All lending divisions decreased, other than the Commercial Real Estate and Private

Banking divisions.  Commercial real estate new commitments decreased in February from January 2010.  

The decreases were largely concentrated in the National/Other and Midwest markets and were spread

across nearly all lending divisions.

Small Business Lending

The Small Business division focuses on meeting the needs of entities with annual sales of generally less

than $10 million at initial relationship, which is consistent with the definition of a company that is not

national in scope.  The Small Business division includes SBA lending.  Small Business C&I renewals and

new commitments increased in February from January 2010.  By market, the C&I renewal increase was

concentrated in the Midwest market, offset by a decrease in the Texas market.  Small Business C&I new

commitments increased marginally across all markets.  Small Business CRE renewals decreased while

new commitments increased.  The CRE renewal decrease occurred in both the Midwest and Western

markets, slightly offset by an increase in the Texas market.

  

Other Intermediation Activities

  

Debt underwriting in which our broker/dealer subsidiary participated as a manager or a co‐manager

during February 2010 totaled $2.5 billion, providing access to liquidity for municipalities and corporate

customers.
Name of institution: Fifth Third Bancorp Submission date: March 30, 2010 Person to be c

PART I. QUANTITATIVE OVERVIEW

2009

SCHEDULE A: CONSUMER LENDING (Millions $) DEC JAN FEB Key 1. First Mortgagea. Average Loan Balance (Daily Average Total Outstanding) $11,022 $10,665 $10,230 Average balance consists of 1‐4 family residential mortgage loans consistent with the classification

of the FR Y9C report. This includes loans held for sale and held for investment.

b. Total Originations $1,831 $1,247 $990(1) Refinancings $1,386 $979 $737(2) New Home Purchases $446 $268 $254

2. Home Equity

a. Average Total Loan Balance $11,649 $11,962 $11,763 Average balance consists of HELOC and HELOAN accounts consistent with the classification of the

FR Y9C report.

b. Originations (New Lines+Line Increases) $102 $99 $72

Total origination

Originations we

Fifth Third exten

2010

TREASURY MONTHLY INTERMEDIATION SNAPSHOT

1

c. Total Used and Unused Commitments $19,582 $19,710 $19,646

3. US Card ‐ Managed

a. Average Total Loan Balance ‐ Managed $2,258 $2,259 $2,213 Average balance consists of US cards for consumer obligors only, consistent with the classification

of the FR Y9C report. Business cards are included in C&I balances.

b. New Account Originations (Initial Line Amt) $121 $88 $54

c. Total Used and Unused Commitments $10,923 $10,893 $10,794

4. Other Consumer

a. Average Total Loan Balance $9,453 $10,560 $10,636 Average balance consists of auto and other consumer loans and leases consistent with the

classification of the FR Y9C report.

b. Originations $352 $303 $344

Other consumer 

increase of appr

February new cr

January.

1
SCHEDULE B: COMMERCIAL LENDING (Millions $) DEC JAN FEB Key 

1. C & Ia. Average Total Loan and Lease Balance $27,213 $27,915 $27,765 Average balance consists of non‐real estate commercial loans and leases consistent with the

classification of the FR Y9C report. This includes business cards.

b. Renewal of Existing Accounts $2,407 $1,109 $1,610 Includes renewed funded loans and renewed commitments.

c. New Commitments $1,919 $664 $732 Includes new commitments both funded and unfunded

2. Commercial Real Estate

a. Average Total Loan and Lease Balance $17,719 $17,400 $17,285 Average balance consists of real estate secured commercial loans consistent with the classification

of the FR Y9C report.

b. Renewal of Existing Accounts $1,226 $228 $392 Includes renewed funded loans and renewed commitments.

c. New Commitments $196 $106 $102 Includes new commitments both funded and unfunded

4. Small Business Loans3

a. Average Total Loan Balance $5,238 $5,200 $5,186 Small business loans are those classified as small business under standards established by Fifth

Third Bank. These loans are already presented within the C&I and CRE categories. Thus, this

disclosure is a subset of schedule B items 1 and 2.

Small Business c

in January 2010.

SCHEDULE C: MEMORANDA ‐ SMALL BUSINESS LENDING (Millions $)

New C&I commi

January 2010 du

billion were up f

New CRE comm

million in Januar

million versus Ja

2

b. Originations $408 $213 $246SCHEDULE D: OTHER INTERMEDIATION ACTIVITIES (Millions $)

1. MBS/ABS Net Purchased Volume

a. Mortgage Backed Securities $632 $482 $472 Consists of MBS purchases less sales for the month.

b. Asset Backed Securities  ‐$69 ‐$805 $0 Consists of ABS purchases less sales for the month.

2. Secured Lending (Repo, PB, Margin Lending)

a. Average Total Matched Book (Repo/Reverse Repo)1 NA NA NA

b. Average Total Debit Balances2 NA NA NA3. Underwriting

a. Total Equity Underwriting NA NA NA

b. Total Debt Underwriting $251 $880 $237

Mortgage backe

the investment 

Notes:1. Not applicable if matched book activity does not exceed $50 billion.

3. Memoranda: these loans are already accounted for in either consumer lending, commercial lending, or a combination of both, and include loans guaranteed by the Small Business Administration and/or any other loans that are internally classified as small business loans.

2. Applicable only for institutions offering prime brokerage or other margin lending services to clients.

2
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:   Fifth Third Bancorp              

Reporting month(s):  February 2010   

Submission date:  March 30, 2010

Person to be contacted regarding this report: Blane Scarberry

1

PART II.  QUALITATIVE OVERVIEW

Please provide a brief overview of the intermediation activity during the month.  This discussion should

include a general commentary on the lending environment, loan demand, any changes in lending

standards and terms, and any other intermediation activity.

Commercial sections

CRE:  Average CRE balances decreased by approximately 0.7% in February 2010 compared to January

2010.  New CRE commitments originated in February 2010 were $102 million, which was a decrease

from $106 million in January 2010.  Renewal levels for existing accounts increased slightly in February

2010 to $392 million versus January 2010 at $228 million.  Payments and dispositions of troubled CRE

outpaced the volume of renewals and new originations in February causing the overall balances to

continue to decline.  As commercial vacancy rates continue to increase, Fifth Third continues to monitor

the CRE portfolios and continues to suspend lending on new non‐owner occupied properties and on new

homebuilder and developer projects in order to manage existing portfolio positions.  We feel this is

prudent given that we do not believe added exposure in those sectors is warranted given our

expectation for continued elevated loss trends in the performance of those portfolios.

C&I:  Average C&I balances decreased by approximately 0.5% in February 2010 compared to January

2010.  New C&I commitments originated in February 2010 increased to $732 million compared to $664

million in January 2010 due to an increase in demand.  Renewal levels for existing accounts in February

2010 of $1.610 billion were up from January 2010 at $1.109 billion.  Lending in the Commercial segment

continues to qualified borrowers exhibiting average risk or better.  Continued emphasis is placed on

prudent underwriting and demonstrated ability to repay as well as industry segment.  Overall loan

demand has remained soft as we are seeing caution in the view of the timing of a recovery in the

economy from our C&I borrowers, which varies by geography.   While corporate profits are up, business

investment growth continues to be slow.  In general, customers continue to deleverage and increase

liquidity through asset sales and reduced inventories versus expanding operations and purchasing

equipment.   

The primary market for syndicated credit and large corporate deals remains soft in February 2010.  

Given the outlook for the economy, many companies continue to defer plans for capital expenditures

and inventory build, which in turn has reduced the need for financing.  Merger and acquisition activity

continued to remain slow in February.  Terms and covenants continue to be somewhat tighter than

usual, which has also served to constrain demand.  Credit spreads have narrowed somewhat in recent

months, including the non‐investment grade rating categories, which could favorably impact volume if

spreads continue to fall.
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:   Fifth Third Bancorp              

Reporting month(s):  February 2010   

Submission date:  March 30, 2010

Person to be contacted regarding this report: Blane Scarberry

2

Small Business:  Average Small Business balances decreased by approximately 0.3% in February 2010

compared to January 2010.  Small Business commitments originated in February 2010 were $246

million, which was up from $213 million in January 2010.  Demand for Small Business credit has been in

a relatively stable range with a slight bias to run off over new production.  Business Banking loan

originations continue to be made using prudent underwriting standards.     

Overall, average total commercial loan and lease balances were down 0.6% in February 2010 compared

to January 2010.  We continue to actively work out problem loans and receive principal payments from

borrowers, which more than offset new loan volume in the month of February 2010.  

Consumer section

Consumer:  February 2010 overall loan volume for non‐mortgage consumer credit (home equity, credit

card and auto) was down compared to January 2010 due to decreases in home equity and credit card

demand.

February 2010 total mortgage originations decreased $257 million which totaled approximately $1.0

billion driven by $737 million of refinancing activity and $254 million of new home purchases.  We also

extended $72 million of new home equity lines of credit during the month.

February new credit card extensions were $54 million, a decrease from our $88 million of extensions in

January.  Other consumer loan originations, which include new car loans, were $344 million in February.  

This was an increase of approximately $40 million from January.   

During the month of February, Fifth Third continued to monitor the need for prudent adjustments to

consumer lending standards consistent with peer institutions as reported by the Federal Reserve and as

observed in the market.      

In February of 2010, Fifth Third’s portfolio of consumer loans and leases decreased by approximately

1.7% compared to January 2010.   

Treasury section

Mortgage backed security balances increased $472 million during the month due to an increased

allocation to the investment portfolio within this sector. There was no activity in the Asset backed

securities portfolio.  
Submission date: March 31, 2010 Person to be contacted about this report: Shan

PART I. QUANTITATIVE OVERVIEW

2009 2010 2010

SCHEDULE A: CONSUMER LENDING (Millions $) DEC JAN FEB Key Com1. First Mortgagea. Average Loan Balance (Daily Average Total Outstanding) $198 $196 $193

b. Total Originations $0 $0 $0

(1) Refinancings $0 $0 $0(2) New Home Purchases $0 $0 $0

2. Home Equity

a. Average Total Loan Balance $9 $9 $8

b. Originations (New Lines+Line Increases) $0 $0 $0

c. Total Used and Unused Commitments $16 $16 $16

3. US Card ‐ Managed

a. Average Total Loan Balance ‐ Managed N/A N/A N/A

b. New Account Originations (Initial Line Amt) N/A N/A N/A

c. Total Used and Unused Commitments N/A N/A N/A

TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution: The Hartford Financial Services Group, Inc.

The Hartford's activities in Consumer Lending ‐ First M

which it acquired on June 24, 2009.

The Hartford's activities in Consumer Lending ‐ Home 

which it acquired on June 24, 2009.

Neither The Hartford nor Federal Trust Bank, acquired 

US Card‐Managed activity.

4. Other Consumera. Average Total Loan Balance $0 $0 $0

b. Originations $0 $0 $0

The Hartford's activities in Consumer Lending ‐ Other 

which it acquired on June 24, 2009.

1
SCHEDULE B: COMMERCIAL LENDING (Millions $) DEC JAN FEB Key Com

1. C & Ia. Average Total Loan and Lease Balance $9 $9 $9 Reflects a daily average.

b. Renewal of Existing Accounts $0 $0 $0c. New Commitments $0 $0 $0

2. Commercial Real Estate

a. Average Total Loan and Lease Balance $5,853 $5,712 $5,427 Average loan balance for loans issued by Federal Trust Bank is calculated as the mean of daily

closing balances. The average loan balance for all other commercial real estate mortgage loan

investments made by The Hartford is calculated as the mean of the beginning‐ and end‐of‐

period carrying amounts.

b. Renewal of Existing Accounts $1 $0 $1 The Hartford's activities in Commercial Real Estate ‐ Renewals are limited to those of Federal

Trust Bank, which it acquired on June 24, 2009.

c. New Commitments $0 $0 $0

4. Small Business Loans3

a. Average Total Loan Balance $0 $0 $0

b. Originations $0 $0 $0SCHEDULE D: OTHER INTERMEDIATION ACTIVITIES (Millions $)

1. MBS/ABS Net Purchased Volume

a. Mortgage Backed Securities $13,830 $13,778 $13,670 Represents carrying value as of February 28, 2010, including CMBS of $8,671 million, CREs of

$503 million and RMBS of $4,496 million.

b. Asset Backed Securities $4,976 $5,067 $5,161 Represents carrying value as of February 28, 2010, including ABS of $2,693 million, CLOs of

$2,445 million and Other CDOs of $23 million.

Given the economic environment, additional investm

real estate are expected to be limited in the near term

Net sales were approximately $32 million in ABS, CM

28, 2010, related primarily to certain agency MBS inv

The Hartford's activities in Small Business Lending are 

acquired on June 24, 2009.

SCHEDULE C: MEMORANDA ‐ SMALL BUSINESS LENDING (Millions $)

The Hartford's activities in Commercial Lending ‐ C & 

acquired on June 24, 2009. The Hartford's other C & I 

corporations by investing in their debt securities. As 

corporate debt securities. (See further discussion on T

Qualitative Overview)

2. Secured Lending (Repo, PB, Margin Lending)a. Average Total Matched Book (Repo/Reverse Repo)1 N/A N/A N/A

b. Average Total Debit Balances2 N/A N/A N/A3. Underwriting

a. Total Equity Underwriting N/A N/A N/A

b. Total Debt Underwriting N/A N/A N/A

Notes:3. Memoranda: these loans are already accounted for in either consumer lending, commercial lending, or a combination of both, and include loans guaranteed by the Small Business Administration and/or any other loans that are internally classified as small business loans.

2. Applicable only for institutions offering prime brokerage or other margin lending services to clients.

1. Not applicable if matched book activity does not exceed $50 billion.

2
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  The Hartford Financial Services Group, Inc.

Reporting month(s):  February 2010   

Submission date:  March 31, 2010

Person to be contacted regarding this report: Shannon Lapierre

1

PART II.  QUALITATIVE OVERVIEW

Please provide a brief overview of the intermediation activity during the month.  This discussion should

include a general commentary on the lending environment, loan demand, any changes in lending

standards and terms, and any other intermediation activity.

The Hartford Financial Services Group, Inc. (together with its subsidiaries, “The Hartford”) is an

insurance and financial services company.    The Hartford, headquartered in Connecticut, provides

investment products, individual life, group life and group disability insurance products, and property and

casualty insurance products in the United States.

On March 31, 2010, The Hartford repaid the entire $3.4 billion investment made in June 2009 by the

Department of the Treasury (“Treasury”) under the Troubled Asset Relief Program (“TARP”) by

repurchasing from Treasury all 3.4 million shares of the Company’s Series E Fixed Rate Cumulative

Perpetual Preferred Stock issued to Treasury.    The repayment was funded with cash on hand plus

approximately $2.6 billion of the proceeds from a March 2010 capital raise that included issuances of

common stock, mandatory convertible preferred stock and debt.

The Hartford’s business model is different from those of traditional commercial banks.  As a result its

intermediation activities are also different.  In general, The Hartford provides capital to other financial

institutions, corporations, municipalities and governments and government agencies by investing in

their debt securities.    Indirectly, The Hartford supports consumer lending through its investments in

residential mortgage‐backed securities and securitized consumer asset‐backed securities.  The Hartford

also supports commercial lending through its investments in commercial mortgage loans on real estate

and commercial mortgage‐backed securities.  See the discussion that follows for more information on

The Hartford’s mortgage‐backed securities (MBS), asset‐backed securities (ABS) and commercial lending

activities.  In addition, The Hartford invests in limited partnerships and equity of publicly traded entities.   

CMBS/MBS/ABS Activity

One of The Hartford’s largest intermediation activities includes our investing activities in mortgage and

asset‐backed securities.    Mortgage‐backed securities primarily include Commercial Mortgage‐backed

Securities (CMBS), government sponsored entity (GSE) Mortgage‐backed Securities (MBS) and

Residential Mortgage‐backed Securities (RMBS) supported by mortgage loans that do not conform to

the GSE underwriting standards due to large loan balances and/or underwriting standards.    Asset‐

backed securities (ABS) consist primarily of collateralized loan obligations (CLOs) and consumer ABS.  

Our consumer ABS holdings consist of securities backed by credit cards, student loans and auto loans.

ABS, CMBS and RMBS remain depressed in relation to the securities’ original cost basis due to continued

weakness in the real estate market caused by deterioration in market fundamentals, rising

delinquencies and declines in property values.  Net sales were approximately $32 million in ABS, CMBS,
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  The Hartford Financial Services Group, Inc.

Reporting month(s):  February 2010   

Submission date:  March 31, 2010

Person to be contacted regarding this report: Shannon Lapierre

2

and RMBS securities for the month ending February 28, 2010, related primarily to certain agency MBS

investments.

Commercial Lending

Commercial lending, which consists of commercial mortgage loans and, to a lesser extent, agricultural

mortgages, represents 5% of our total investments, excluding equity securities held in trading accounts,

as of February 28, 2010.    These loans are collateralized by a variety of commercial and agricultural

properties and are diversified both geographically throughout the United States and by property type.  

Our loans take the form of whole loans, where we are the sole lender, as well as loan participations.  

Given the economic environment, additional investments by The Hartford in mortgage loans for

commercial real estate are expected to be limited in the near term.

Direct Consumer Lending

The Hartford’s consumer lending is contained entirely within Federal Trust Corporation and its bank

subsidiary.    As of February 28, 2010, Federal Trust Bank held $193 million (average loan balance) of

residential mortgage loans.

Other Intermediation Activities

Outside of MBS, ABS and mortgage loans on real estate, our invested asset portfolio consists largely of

investment grade corporate securities, municipal securities, U.S. treasuries and agencies, and short term

investments.

For the month of February 2010, The Hartford was a net purchaser of marketable securities of roughly

$100 million, primarily corporate credits of $390 million.    In the investment grade corporate credit

space, purchases were predominately in companies well positioned in the current economic

environment.
Name of institution: KeyCorp Submission date: 3/30/10 

PART I. QUANTITATIVE OVERVIEW

2009 2010 2010

SCHEDULE A: CONSUMER LENDING (Millions $) DEC JAN FEB Key 1. First Mortgagea. Average Loan Balance (Daily Average Total Outstanding) $3,176 $3,159 $3,083 First Mortgage includes loans secured by 1‐4 family residential properties including home equi

loans secured by first liens.

b. Total Originations $150 $117 $88 Total Originations include both portfolio and held‐for‐sale loan originations.

(1) Refinancings $85 $71 $47(2) New Home Purchases $65 $46 $40

2. Home Equity

a. Average Total Loan Balance $8,396 $8,370 $8,353 Home Equity includes home equity lines of credit only (Home equity loans secured by first lien

included with First Mortgages above).

b. Originations (New Lines+Line Increases) $57 $48 $58c. Total Used and Unused Commitments $16,357 $16,318 $16,283

3. US Card ‐ Managed

a. Average Total Loan Balance ‐ Managed N/A N/A N/A

b. New Account Originations (Initial Line Amt) N/A N/A N/A

c. Total Used and Unused Commitments N/A N/A N/A

4. Other Consumer

a. Average Total Loan Balance $7,423 $10,249 $10,190 Other Consumer includes all other non‐revolving consumer loans.

b. Originations $66 $134 $29

TREASURY MONTHLY INTERMEDIATION SNAPSHOT

1
SCHEDULE B: COMMERCIAL LENDING (Millions $) DEC JAN FEB Key 

1. C & Ia. Average Total Loan and Lease Balance $27,051 $26,567 $26,023 C & I includes lease financing receivables, commercial and industrial loans, agricultural loans, l

to depository institutions and other nonconsumer loans.

b. Renewal of Existing Accounts $1,269 $581 $551 Renewals of existing accounts include outstanding balances and unused commitments for whi

the terms were extended or changed. A renewed commitment may or may not have an active

draw.

c. New Commitments $530 $525 $337 New commitments include outstanding balances and unused commitments. Commitment

amounts exclude standby letters of credit.

2. Commercial Real Estate

a. Average Total Loan and Lease Balance $16,000 $15,427 $15,247 Commercial Real Estate includes construction and land loans, loans secured by multi‐family

residential properties and by other nonresidential properties.

b. Renewal of Existing Accounts $880 $233 $273 Renewals of existing accounts include outstanding balances and unused commitments for whi

the terms were extended or changed. A renewed commitment may or may not have an active

draw.

c. New Commitments $88 $34 $25 New commitments include outstanding balances and unused commitments. Commitment

amounts exclude standby letters of credit.

4. Small Business Loans3

a. Average Total Loan Balance $3,267 $3,212 $3,186 Small Business includes loans guaranteed by the Small Business Administration ("SBA") and oth

loans internally classified as small business loans.

b. Originations $45 $24 $39SCHEDULE D: OTHER INTERMEDIATION ACTIVITIES (Millions $)

1. MBS/ABS Net Purchased Volume

a. Mortgage Backed Securities $508 ‐$282 ‐$244 February mortgage backed securities ("MBS") net purchased volume includes no purchases an

$244 million in sales, paydowns, calls and maturities.

b. Asset Backed Securities $0 $0 $02. Secured Lending (Repo, PB, Margin Lending)

a. Average Total Matched Book (Repo/Reverse Repo)1 N/A N/A N/A

b. Average Total Debit Balances2 N/A N/A N/A3. Underwriting

a. Total Equity Underwriting $226 $79 $104 Represents KeyCorp's equity underwriting commitments.

b. Total Debt Underwriting $322 $193 $103 Represents KeyCorp's taxable and municipal debt underwriting commitments.

Notes:3. Memoranda: these loans are already accounted for in either consumer lending, commercial lending, or a combination of both, and include loans guaranteed by the Small Business Administration and/or any other loans that are internally classified as small business loan

2. Applicable only for institutions offering prime brokerage or other margin lending services to clients.

SCHEDULE C: MEMORANDA ‐ SMALL BUSINESS LENDING (Millions $)

1. Not applicable if matched book activity does not exceed $50 billion.

2
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  KeyCorp

Reporting month(s):  February 2010

Submission date:  3/30/10

Person to be contacted regarding this report:  Robert L. Morris

1

PART II.  QUALITATIVE OVERVIEW

Please provide a brief overview of the intermediation activity during the month.  This discussion should

include a general commentary on the lending environment, loan demand, any changes in lending

standards and terms, and any other intermediation activity.

Cleveland‐based KeyCorp is one of the nation's largest bank‐based financial services companies, with

consolidated total assets of approximately $93 billion at December 31, 2009.  Through KeyBank and

certain other subsidiaries, KeyCorp provides a wide range of retail and commercial banking, commercial

leasing, investment management, consumer finance, and investment banking products and services to

individual, corporate and institutional clients through two major business groups, Community Banking

and National Banking.  The Community Banking group serves consumers and small to mid‐sized

businesses through the company's 14‐state branch network, which is organized into three internally

defined geographic regions:  Rocky Mountains and Northwest, Great Lakes, and Northeast.  The National

Banking group includes those corporate and consumer business units that operate nationally, within and

beyond KeyCorp's 14‐state branch network, as well as internationally.     

General

February credit demand in the Commercial Real Estate (“CRE”) segment remained weak, while there

was continued improvement in the Commercial Lending (“C & I”) segment.  The January increase in new

loan inquiries in the Middle Market and Institutional portfolios continued in February.  In the consumer

loan category, mortgage application volume increased in February, while branch‐based application

volume declined.

KeyCorp’s lending strategies remain focused on serving the needs of existing and new relationship

clients while being mindful of risk‐reward and strategic capital allocation. There was no change in

underwriting standards in February.

Consumer

Overall branch‐based application volume declined 13% in February from the January level.  The credit

quality for approved loan applications remained consistent, although the application approval

percentage has declined from the year‐ago level.  The continued favorable rate environment

contributed to mortgage application volume increases in the past two months.   
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  KeyCorp

Reporting month(s):  February 2010

Submission date:  3/30/10

Person to be contacted regarding this report:  Robert L. Morris

2

C & I

In February, new loan approvals for new and existing Middle Market clients totaled $134 million, which

was consistent with recent experience, and represented a new 14‐month high in terms of increases to

existing clients.  The Institutional Bank portfolio increased by $37 million in net new commitments to

existing clients.

Small Business loan approvals improved slightly in February from January’s level, reaching the highest

level experienced since June 2009.  February’s loan approvals were nearly 50% greater than the

February 2009 level.  SBA loan approvals increased in February, reaching their highest level in 20

months, driving the overall increase in Small Business approvals.  Management anticipates that SBA loan

activity will continue to be strong in 2010.

Commercial Real Estate

There was no change in loan demand trends in the CRE segment during February.  The CRE market

outlook continues to be weak.  All new commitments originated in February were attributable to the

Middle Market portfolio.   

During February, KeyCorp continued to extend and modify existing credits given the lack of liquidity and

refinancing options available in the CRE market.  Renewal volume of $273 million was up 17% from the

January low of $233 million.  A substantial portion of the portfolio has already been renewed or

restructured.  In the Institutional CRE portfolio, most real estate investment trusts (“REITs”) have issued

additional capital and reduced debt levels, allowing their credit lines to be modified and extended.  For

CRE development projects, KeyCorp has created a fixed‐rate 3‐5 year loan program to modify and

extend qualifying loans for existing customers.   
Name of institution: Marshall & Ilsley Corporation Submission date: 03/31/10 

PART I. QUANTITATIVE OVERVIEW

2009

SCHEDULE A: CONSUMER LENDING (Millions $) DEC JAN FEB Key 1. First Mortgagea. Average Loan Balance (Daily Average Total Outstanding) $7,037 $6,901 $6,785 Includes all closed end residential RE; First Mortgages and Home Equity Loans (Approximately 8

of Home Equity Loans are held in first position). This excludes construction and vacant land loa

which are included in the Commercial Real Estate section as average loan balances.

b. Total Originations $198 $155 $117 1‐4 Family Residential Mortgage Originations ‐ includes loans held by M&I Portfolio and loans

originated to be sold into the secondary market. This excludes construction and vacant land loa

which are included in the Commercial Real Estate section as new commitments.

(1) Refinancings $135 $111 $79

(2) New Home Purchases $63 $44 $392. Home Equity

a. Average Total Loan Balance $2,733 $2,722 $2,707 Includes Home Equity Lines only.

b. Originations (New Lines+Line Increases) $57 $54 $56

TREASURY MONTHLY INTERMEDIATION SNAPSHOT

2010

c. Total Used and Unused Commitments $4,935 $4,898 $4,8843. US Card ‐ Manageda. Average Total Loan Balance ‐ Managed $287 $287 $279 Includes Consumer Card only.

b. New Account Originations (Initial Line Amt) $6 $5 $5

c. Total Used and Unused Commitments $1,291 $1,295 $1,3024. Other Consumer

a. Average Total Loan Balance $2,096 $2,073 $2,047 Includes consumer PRA & LOCs. Subcategories include Auto Leases, Dealer Finance, Personal,

Securities Loans, and Student Loans.

b. Originations $59 $56 $49 Includes Additional Notes and Refinances to existing customers and notes to new customers.

1
SCHEDULE B: COMMERCIAL LENDING (Millions $) DEC JAN FEB Key 

1. C & Ia. Average Total Loan and Lease Balance $13,042 $12,804 $12,688 Includes A/R and Inventory, Dealer Commercial, Agricultural, IRB's and Muni, and Commercial

Leases.

b. Renewal of Existing Accounts $161 $153 $127 Renewals include renewal of existing accounts where new money is requested, terms are

modified, or new master line is established.

c. New Commitments $146 $24 $51 Includes New Loans to New Customers and Unused Commitments to C&I (Also includes Unuse

Commitments to: Finance Agricultural Production and Other).

2. Commercial Real Estate

a. Average Total Loan and Lease Balance $19,560 $19,139 $19,018 Includes Business Purpose 1‐4 and Construction, Development, & Vacant Land (Commercial an

Residential).

b. Renewal of Existing Accounts $64 $35 $52 Renewals include renewal of existing accounts where new money is requested, terms are

modified, or new master line is established.

c. New Commitments $71 $19 $46 Includes New Loans to New Customers and Unused Commitments for CRE (Also includes Unuse

Commitments to: New Construction, Land Development and Other Land; Farmland; 1‐4 Family

Residential Properties; Multi‐Family (5 or more) Residential Properties).

4. Small Business Loans3

a. Average Total Loan Balance $3,426 $3,397 $3,379 Includes SBA‐guaranteed loans and Business Loans & Commitments < $1 million to customers w

Revenue < $1 million. Excludes Letters of Credit.

SCHEDULE C: MEMORANDA ‐ SMALL BUSINESS LENDING (Millions $)

b. Originations $31 $13 $18

SCHEDULE D: OTHER INTERMEDIATION ACTIVITIES (Millions $)

1. MBS/ABS Net Purchased Volume

a. Mortgage Backed Securities $895 $507 $39 Includes Mortgage Backed security purchase activities net of any security MBS sale activities,

within the consolidated investment holdings. At Qtr‐end this may also include Traded‐not‐sett

transactions.

b. Asset Backed Securities $0 $0 $0

2. Secured Lending (Repo, PB, Margin Lending)

a. Average Total Matched Book (Repo/Reverse Repo)1 N/A N/A N/A

b. Average Total Debit Balances2 N/A N/A N/A3. Underwriting

a. Total Equity Underwriting N/A N/A N/A

b. Total Debt Underwriting N/A N/A N/A

Notes:3. Memoranda: these loans are already accounted for in either consumer lending, commercial lending, or a combination of both, and include loans guaranteed by the Small Business Administration and/or any other loans that are internally classified as small business loan

2. Applicable only for institutions offering prime brokerage or other margin lending services to clients.

1. Not applicable if matched book activity does not exceed $50 billion.

2
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  Marshall & Ilsley Corporation

Reporting month(s):  February 2010   

Submission date:  03/31/2010

Person to be contacted regarding this report:  Gregory A. Smith

1

PART II.  QUALITATIVE OVERVIEW

Please provide a brief overview of the intermediation activity during the month.  This discussion should

include a general commentary on the lending environment, loan demand, any changes in lending

standards and terms, and any other intermediation activity.

Marshall & Ilsley Corporation (M&I) is a diversified financial services corporation headquartered in

Milwaukee, Wisconsin.  M&I Marshall & Ilsley Bank is the largest Wisconsin‐based bank, with 192 offices

throughout the state.  In addition, M&I has 53 locations throughout Arizona; 32 offices in Indianapolis

and nearby communities; 36 offices along Florida’s west coast and in central Florida; 15 offices in Kansas

City and nearby communities; 26 offices in metropolitan Minneapolis/St. Paul, and one in Duluth, Minn.;

and one office in Las Vegas, Nev.  M&I’s Southwest Bank subsidiary has 17 offices in the greater St. Louis

area.  

The communities and customers M&I serves continue to face impacts from current recessionary

conditions of the economy.  Nonetheless, M&I extended approximately $225 million of new credit to

new and existing customers in February for a total of over $6.9 billion since the infusion of CPP capital in

mid‐November 2008 (The “new credit” amount includes new and expanded extensions of credit, or

commitments to extend credit, as well as renewals of existing credit where a new promissory note was

executed).  Additionally, M&I has continued with a franchise‐wide foreclosure abatement program

designed to keep families in their homes, including a foreclosure moratorium on certain owner‐occupied

residential loans through June 30, 2010.  

In Commercial and Industrial loans, loan demand continues to be weak across all of our markets.  

Economic uncertainty has resulted in borrowers reducing capital expenditures, delaying investment in

infrastructure (plants and equipment), experiencing lower inventories and receivables, and lower

merger and acquisition activity, all of which influence customer borrowing needs.

In Commercial Real Estate, Construction and Development concentrations continue to decline in‐line

with our corporate goal of reducing credit exposure in this sector.  Economic uncertainty has resulted in

increased challenges for customers across a variety of sectors including retail, office and hospitality.  

Commercial Real Estate average balances are expected to continue contracting due to portfolio

amortization.

In Residential Real Estate, we are primarily utilizing secondary market options to effectively address the

demand for fixed rate mortgage originations and selectively using the balance sheet for adjustable rate

mortgages.  Mortgage originations decreased from January to February, driven by a decrease in

refinancing activity (due to rising rates in January).  During the same period, purchase mortgage

application volume increased, as seasonally typical.  The Average Loan Balance decline year‐over‐year is

attributed to originations being sold in the secondary market, periodic sales of non‐performing loans

and amortization of the portfolio.  We continue to focus on serving customer needs as evidenced by

$3.3 billion of total mortgage originations in 2009.
Name of institution: PNC Financial Services Group Submission date: 3/30/2010 

PART I. QUANTITATIVE OVERVIEW

2009

SCHEDULE A: CONSUMER LENDING (Millions $) DEC JAN FEB Key 1. First Mortgagea. Average Loan Balance (Daily Average Total Outstanding) $19,701 $19,657 $19,366

b. Total Originations $686 $617 $637

(1) Refinancings $437 $463 $486(2) New Home Purchases $249 $154 $1512. Home Equity

a. Average Total Loan Balance $35,977 $35,847 $35,668

b. Originations (New Lines+Line Increases) $283 $214 $221

TREASURY MONTHLY INTERMEDIATION SNAPSHOT

2010

c. Total Used and Unused Commitments $54,453 $54,431 $54,045

3. US Card ‐ Managed

a. Average Total Loan Balance ‐ Managed $6,514 $6,497 $6,367

b. New Account Originations (Initial Line Amt) $119 $110 $78

c. Total Used and Unused Commitments $24,741 $24,696 $24,720

4. Other Consumer

a. Average Total Loan Balance $13,407 $14,155 $14,503

b. Originations $463 $823 $277

• Line 3 represents credit cards and other revolving products exposure.

• Total outstandings for Credit card alone were $4,002 million in February, slightly lower than

January ($4,114 million). New account volume for Credit Card alone was 25.94% lower than

January level.

1
SCHEDULE B: COMMERCIAL LENDING (Millions $) DEC JAN FEB Key 

1. C & Ia. Average Total Loan and Lease Balance $59,941 $61,168 $60,356

b. Renewal of Existing Accounts $5,580 $3,447 $4,122

c. New Commitments $2,709 $3,891 $9142. Commercial Real Estate

a. Average Total Loan and Lease Balance $23,399 $22,982 $22,330

b. Renewal of Existing Accounts $888 $556 $737

c. New Commitments $426 $84 $1824. Small Business Loans3

a. Average Total Loan Balance $11,438 $11,355 $11,292

$ $ $

The Small Business loans include PNC Business Banking (Retail line of business) plus those small

business loans that are managed in our C&IB portfolio.

SCHEDULE C: MEMORANDA ‐ SMALL BUSINESS LENDING (Millions $)

b. Originations $273 $257 $256SCHEDULE D: OTHER INTERMEDIATION ACTIVITIES (Millions $)1. MBS/ABS Net Purchased Volumea. Mortgage Backed Securities $1,139 ‐$1,812 ‐$913 Trade Date was used to determine the month in which the purchase occurred. The Mortgage

Backed Securities include MBS, CMBS, CMO's (both agency and non‐agency). Also, the Net

Purchased amount consists of Purchases less sells for the month.

b. Asset Backed Securities $442 $235 $188

2. Secured Lending (Repo, PB, Margin Lending)

a. Average Total Matched Book (Repo/Reverse Repo)1 N/A N/A N/A PNC matched book activity is less than $50 billion and is therefore not being reported, per

Treasury's guidance in footnote 1.

b. Average Total Debit Balances2 N/A N/A N/A PNC is not a prime broker and does not offer other margin lending services to clients.

Therefore, per Treasury's guidance in footnote 2, this section is not applicable to PNC.

3. Underwriting

a. Total Equity Underwriting $68 $13 $4

b. Total Debt Underwriting $759 $170 $276

Notes:3. Memoranda: these loans are already accounted for in either consumer lending, commercial lending, or a combination of both, and include loans guaranteed by the Small Business Administration and/or any other loans that are internally classified as small business loans

2. Applicable only for institutions offering prime brokerage or other margin lending services to clients.

1. Not applicable if matched book activity does not exceed $50 billion.

2
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution: PNC Financial Services Group, Inc.

Reporting month(s): February 2010   

Person to be contacted regarding this report: Shaheen Dil

Submission date: March 30, 2010

PART II.  QUALITATIVE OVERVIEW

Please provide a brief overview of the intermediation activity during the month.  This discussion should

include a general commentary on the lending environment, loan demand, any changes in lending

standards and terms, and any other intermediation activity.

The PNC Financial Services Group, Inc. (www.pnc.com) is one of the nation’s largest diversified financial

services organizations providing retail and business banking; residential mortgage banking; specialized

services for corporations and government entities, including corporate banking, real estate and asset‐

based lending; wealth management; asset management and global fund services. PNC is committed to

supporting the objectives of the Emergency Economic Stabilization Act, and is continuing to make credit

available to qualified borrowers. PNC is working closely where appropriate with customers who are

experiencing financial hardship to set up new repayment schedules, loan modifications and forbearance

programs. PNC originated approximately $7.2 billion in loans and commitments to lend in February.  

First Mortgage

Overall new first mortgage applications in February were $1.002 billion, up 12% from January, primarily

driven by a 25% increase in applications for home purchases.  Closed loan fundings totaled $636 million

for the month, 2% higher than January.  Conventional loans were 79% of the total, including loans

originated for sale to Fannie Mae or Freddie Mac as well as jumbo loans originated for portfolio.  FHA

insured and VA guaranteed loans accounted for 21% of the total.  Fixed rate mortgages represented 95%

of the total.  

Execution of the Home Affordable Refinance Program (HARP) and the Home Affordable Modification

Program (HAMP) continues. During February, 469 HARP refinances totaling $92.4 million were funded.  

Program to date, 2,852 HARP refinances totaling $574.4 million have been funded.  Through February,

76,387 HAMP solicitations have been sent to eligible borrowers.    21,440 HAMP Trial Plan offers have

been extended.  12,157 borrowers are active in HAMP trial modifications, 638 borrowers have been

converted to final HAMP loan modifications, and 615 are pending permanent modification.

During February, 494 non‐HAMP loan modifications were completed.  16,847 borrowers were active in

payment forbearance or repayment plans.  351 short sale transactions were completed.

Consumer Lending

Home Equity origination volume declined in February as a result of lower production levels in January,

which impacted new originations for February.  Decreased consumer demand, extreme winter weather

conditions, and normal seasonal trends have negatively impacted production.  Declining new

originations have contributed to lower average balances as payments outpaced new originations in

February.  Marketing and sales support efforts are set for the spring season to improve production

levels.

In Other Consumer Loans, Education Lending’s volume of disbursements is reducing due to normal

cyclical demand for education financing. Other February installment loan volume was down compared

1
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution: PNC Financial Services Group, Inc.

Reporting month(s): February 2010   

Person to be contacted regarding this report: Shaheen Dil

Submission date: March 30, 2010

to January volume.  Branch training, customer mailings and internet advertising efforts will help boost

originations. With respect to Indirect Lending, February originations increased by less than 1% compared

to last month.  Increased competition, severe weather conditions, and lower dealership inventory levels

are all contributors to a weak indirect lending environment.

Distressed Asset’s market research with Non‐Prime Mortgage borrowers in our most concentrated areas

of distress revealed common attitudes, concerns and preferences for lending solutions.  Research

findings are helping with new bank‐initiated offers to move customers into sustainable programs.  

Distressed borrower contact efforts are centered on development of educational campaigns for high‐

risk customers prior to delinquency and improving website content and experience.  Campaigns target

those likely to experience imminent default and highlight the benefits of communicating with the bank

earlier than later to understand qualifications for various programs. The bank‐initiated short sale with

incentive offer launched in October for distressed residential Construction loan borrowers continues to

be well‐received.  Additional Construction accounts were targeted for that offer, and similar campaigns

are being tested in the Bank Owned Mortgage and Non‐prime Mortgage portfolios.

US Credit Cards (excluding other revolving exposure)

Total outstandings for the Credit card portfolio in February ($4.002 billion) were down from January

($4.114 billion).  New account volume was lower than the prior month (down 25.94%).  Total accounts

booked in February were 9.5 thousand, of which 7.5 thousand were new consumer accounts and the

rest were business card accounts.  The average credit line granted was $7,669 for consumer cards and

$9,435 for business cards.  Total credit line granted for new accounts was lower in February ($65.5

million vs. $95.4 million in January).  Total credit available is $23,609 million for February versus $23,721

million for January. The branch network continues to be the main driver of new account activity for the

Credit Card portfolio.

Business Banking (in Retail line of business)

Balances in Business Banking (customers with annual revenues less than $10 million) declined less than

1% in February from prior month.  During February, PNC Business Banking extended $256 million in

credit commitments to small businesses including SBA loans.  Volume was flat from the prior month

despite a shorter month and poor weather along the East Coast.  Several other initiatives are in process

to generate more small business lending in 2010, including second look processes in place for all

applications.   

C&I   

PNC remains keenly focused on providing credit to qualified C&I borrowers. During 2009, we led more

than 120 syndicated financing transactions, totaling more than $6.3 billion, for middle market

companies located across the country.

PNC is highly focused on generating new sales across our entire product and service set. In fact, 2009

sales results for most of our commercial banking businesses in the legacy PNC markets were

2
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution: PNC Financial Services Group, Inc.

Reporting month(s): February 2010   

Person to be contacted regarding this report: Shaheen Dil

Submission date: March 30, 2010

3

substantially ahead of 2008 sales results. And we expect similar sales strength in the legacy National City

markets as most of those markets convert to PNC during the first half of 2010.   

At the same time, we continue to hear from many C&I clients and prospects that they remain very

cautious in their own planning, choosing to protect their existing capital and maintain existing credit

facilities in order to avoid the new realities of today’s market pricing and structure requirements.

Borrowers continue to pay down bank credit with debt and equity issuances, which rose toward the end

of 2009 as issuers sought to price deals before the end of the year.  Loan utilization rates remain at

historically low levels as our clients’ working capital needs remain low in this economy.

We continue to see the loan market become increasingly competitive.  Spreads peaked in the second

quarter and have steadily tightened since.  Tenors are also lengthening, as we are beginning to see four‐ 

and 5‐year deals again, whereas earlier in the cycle almost no deals went beyond 3 years.  We have not

seen any other material changes in structure, so discipline remains generally strong.   

In the past couple of months we have begun to see M&A deals increase across our segments, although

it’s too early to declare a trend.  The deals have been driven by strategic buyers and post transaction

leverage remains moderate in the transactions we have seen.  We are hopeful that this M&A activity

and leveling of utilization rates are indicators that loan demand will begin to increase as 2010

progresses.   

We are identifying an abundance of asset‐based lending opportunities with companies whose financial

performance may have declined but who remain viable and have asset values that support secured

lending structures. Strong demand in 2009 resulted in a record number of new business originations.  

Demand declined in January and February but has recently picked up and the pipeline of new loan

opportunities has returned to elevated 2009 levels. The normal first quarter seasonal declines in the

utilization of credit lines by the retail customer base is being offset by strong loan production

experienced in the fourth quarter of 2009.  Today, line utilization still remains at all time low levels.

Commercial Real Estate

PNC remains committed to commercial real estate lending.  We are working with credit‐worthy

borrowers to restructure and modify their loans.  We are also active in real estate lending to multifamily

owners and operators with whom we are leveraging our strong relationships with agency lenders such

as Fannie Mae and Freddie Mac.  While most of these programs do not result in loans on our balance

sheet, many do require substantial use of capital to support loss‐sharing arrangements. PNC also

continues to purchase Low Income Housing Tax Credits that provide equity for the construction of low‐

income housing projects. Although these investments are not reflected as loans on our balance sheet,

they do inject growth capital into the economy and require substantial use of our own capital base.  
Name of institution: Regions Financial Corporation Submission date: March 31, 2010 

PART I. QUANTITATIVE OVERVIEW

SCHEDULE A: CONSUMER LENDING (Millions $) 20091. First Mortgage DEC JAN FEB Key a. Average Loan Balance (Daily Average Total Outstanding) $16,404 $16,323 $16,183 First and second residential 1‐4 family mortgages, including residential mortgages held 

b. Total Originations $644 $416 $393 Loan originations designated for the secondary market and those to be held in portfoli

Regions' balance sheet.

(1) Refinancings $384 $260 $212 Total originations designated as refinance status.

(2) New Home Purchases $260 $157 $181 Total originations designated as new purchase status.

2. Home Equity

a. Average Total Loan Balance $15,436 $15,342 $15,241 Average balances include Home Equity loans and HELOCs.b O i i ti (N Li Li I ) $94 $61 $70 N H E it l li d i

2010

TREASURY MONTHLY INTERMEDIATION SNAPSH

b. Originations (New Lines+Line Increases) $94 $61 $70 New Home Equity loans, lines and increases.

c. Total Used and Unused Commitments $25,749 $25,489 $25,339 Total portfolio of Home Equity loans and funded and unfunded HELOCs. Funded portio

included in average balance above.

3. US Card ‐ Managed

a. Average Total Loan Balance ‐ Managed N/A N/A N/A N/A ‐ Regions Financial Corp is an Agent Bank.

b. New Account Originations (Initial Line Amt) N/A N/A N/Ac. Total Used and Unused Commitments N/A N/A N/A

4. Other Consumer

a. Average Total Loan Balance $4,094 $4,117 $4,064 Includes consumer direct, indirect, other revolving (i.e., overdraft lines) and student loa

for sale.

b. Originations $91 $297 $117 Includes direct and student lending origination activity.

1
SCHEDULE B: COMMERCIAL LENDING (Millions $)

1. C & I DEC JAN FEB Key 

a. Average Total Loan and Lease Balance $34,281 $34,252 $34,276 Average outstanding funded balances (net of deferred fees and costs) for commercial r

loans and leases. Also includes owner‐occupied commercial real estate mortgage and

construction loans made to operating businesses.

b. Renewal of Existing Accounts $1,528 $1,260 $1,156 Renewal of existing funded and unfunded commitments for commercial and owner‐occ

real estate related loans based upon posting date of renewal. Also includes letters of c

c. New Commitments $1,291 $639 $714 New funded and unfunded commitments for commercial and owner‐occupied real estate related 

based upon posting date of the commitment. Also includes letters of credit and leases. Variable R

Demand Note (VRDN) fundings are excluded from new commitment activity.

2. Commercial Real Estatea. Average Total Loan and Lease Balance $22,399 $21,916 $21,606 Average outstanding funded balances (net of deferred fees and costs) for commercial i

owned real estate related loans. Also includes Commercial loans held for sale.

b. Renewal of Existing Accounts $1,636 $932 $1,046 Renewal of existing funded and unfunded commitments for commercial investor‐owne

estate related loans based upon posting date of renewal. Also includes letters of credi

c. New Commitments $132 $17 $28 New funded and unfunded commitments for commercial investor‐owned real estate related loans 

upon posting date of the commitment. Also includes letters of credit. Variable Rate Demand Note 

fundings are excluded from new commitment activity.

SCHEDULE C: MEMORANDA ‐ SMALL BUSINESS LENDING (Millions $)

4. Small Business Loans3

a. Average Total Loan Balance $13,780 $13,712 $13,639 Average outstanding funded balances (net of deferred fees and costs) for commercial and commercial real esta

loans made to small business clients, which we generally define as clients with revenues up to $10 million. The

are reflected as components of C&I, Commercial Real Estate and First Mortgage reported above.

b. Originations $630 $470 $487 New and renewed production of funded and unfunded commitments made to small bu

clients, which we generally define as clients with revenues up to $10 million. These ori

are reflected as components of C&I and Commercial Real Estate reported above.

SCHEDULE D: OTHER INTERMEDIATION ACTIVITIES (Millions $)

1. MBS/ABS Net Purchased Volume

a. Mortgage Backed Securities $1,726 $1,038 $1,919 Net purchase volume as captured in bond accounting system. Reflects settlement date

b. Asset Backed Securities $0 $0 $0

2. Secured Lending (Repo, PB, Margin Lending)

a. Average Total Matched Book (Repo/Reverse Repo)1 N/A N/A N/A

b. Average Total Debit Balances2 $805 $767 $814 Reflects average margin receivables as recorded on the general ledger.

3. Underwriting

Ttl E it U d iti $73 $91 $21 Ttl it d iti ti it R t Ri ' ti i ti t 

a. Total Equity Underwriting $73 $91 $21 Total equity underwriting activity. Represents Regions' participation percentage.

b. Total Debt Underwriting $1,724 $740 $821 Debt issuances delivered monthly. Represents Regions' participation percentage.

Notes:3. Memoranda: these loans are already accounted for in either consumer lending, commercial lending, or a combination of both, and include loans guaranteed by the Small Business Administration and/or any other loans that are internally classified as small 

2. Applicable only for institutions offering prime brokerage or other margin lending services to clients.

1. Not applicable if matched book activity does not exceed $50 billion.

2
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution: Regions Financial Corporation

Reporting month(s):    February, 2010      

Submission date:  March 31, 2010

Person to be contacted regarding this report:  David Turner, Chief Financial Officer

1

PART II.  QUALITATIVE OVERVIEW

Please provide a brief overview of the intermediation activity during the month.  This discussion should

include a general commentary on the lending environment, loan demand, any changes in lending

standards and terms, and any other intermediation activity.

I. Company Description

Regions Financial Corporation (“Regions” or the “Company”) is a financial holding company

headquartered in Birmingham, Alabama, which operates throughout the South, Midwest and Texas.

Regions provides traditional commercial, retail and mortgage banking services, as well as other financial

services in the fields of investment banking, asset management, trust, securities brokerage, insurance

and other specialty financing.  At December 31, 2009, Regions had total consolidated assets of

approximately $142 billion.   

Regions conducts its banking operations through Regions Bank, its brokerage and investment banking

business through Morgan Keegan & Company, Inc. (“Morgan Keegan”), and its insurance brokerage

business through Regions Insurance Group, Inc.

II. Overall Summary  

In February, new and renewed commitments decreased by $0.1 billion to $3.5 billion for the month, and

average balances were down $0.6 billion from January to $91.4 billion.

The slight month over month decrease in new and renewed commitments was driven by a $0.2 billion

decrease in Consumer originations and renewals partially offset by a $0.1 billion increase in Commercial

Real Estate renewals.

III. Consumer Lending

A. Mortgage Lending

The mortgage division originated mortgage loans totaling $393 million in February 2010.  Overall

production decreased 5.6% from the prior month driven primarily by an increase in new purchase

originations of 15.2% compared to the prior month offset by a decline in refinancing activity of 18.1%.  

Application activity in February increased 10.9% due to a decline in the average 30‐year fixed rate of 4

bps as compared to January.

Regions’ mortgage division rolled out the U.S. Treasury sponsored Home Affordable Refinance Program

(HARP) in late March 2009, which provides borrowers who have an existing loan owned or securitized by

Fannie Mae or Freddie Mac, the ability to refinance to more beneficial financing terms with no new or

additional mortgage insurance required, even if their current loan‐to‐value ratio is higher than it was on

the original loan.  The loan‐to‐value ratio can not exceed 125%.  February originations included

approximately $35 million related to 202 loans refinanced under the Home Affordable Refinance

Program.
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution: Regions Financial Corporation

Reporting month(s):    February, 2010      

Submission date:  March 31, 2010

Person to be contacted regarding this report:  David Turner, Chief Financial Officer

2

Regions’ has implemented the U. S. Treasury sponsored Home Affordable Modification Program (HMP)

for FNMA/FHLMC loans serviced by Regions. This program is designed to assist mortgage borrowers who

have an existing loan owned or securitized by Fannie Mae or Freddie Mac, and who are in imminent

danger of default or are already in default to obtain modified financing terms prescribed by the

program.  In accordance with the program guidelines, Regions has distributed approximately 1,294

modification packages to eligible borrowers subject to a ninety‐day trial period. The first modifications

under this program were seen in July 2009.  In the month of February, Regions completed 74

modifications totaling $11.7 million in unpaid principal.  Regions currently services approximately $20.0

billion of Fannie Mae and Freddie Mac mortgages.  

B. Home Equity Lending

Home Equity production increased 15% in February to $70.4MM due to increased bookings. Home

Equity Lending production remains low, down 34% compared to same period prior year. Lower

production is the result of declining home values limiting the qualifying amount for homeowners, thus

driving lower loan sizes from $78,687 in February ’09 to $66,017 in February ‘10.    

Overall Home Equity average balances declined $101.3 million or 0.7% in February to $15.2 billion.  The

HELOAN portfolio declined $26.6 million, 1.5%, while HELOC balances declined $74.7 million, 0.6%,

reflecting portfolio paydowns in excess of new production.

C. Other Consumer Lending

Overall, Other Consumer Lending balances decreased 1.3% in February compared to January primarily

driven by the continued run‐off in the Indirect Lending portfolio.   

D. Customer Assistance Program

Regions continues to work to meet the unique needs of financially troubled borrowers to stem

foreclosures and keep customers in their homes. Well before the full effects of the credit crisis were

realized, Regions launched an extensive Customer Assistance Program (CAP) for troubled borrowers.  As

unemployment levels continue to elevate and the housing crisis lingers our goal remains the same ‐ to

ensure customers who encounter financial difficulty know they have options and that Regions wants to

work with them.

As a result, Regions has taken steps including renegotiating the terms of mortgages and home equity

loans, keeping families in their homes and allowing Regions to maintain a foreclosure rate well below

industry average for residential first mortgages.  Overall, the number of Regions first mortgage loans in

the foreclosure process is less than half the national average. (1.95% for Regions vs. 4.58% nationally in

the fourth quarter of 2009.)  Since inception of the program, Regions has restructured more than $1.95

billion in mortgages, including $46 million in Feb 2010. Regions has assisted more than 28,000

homeowners with solutions. 
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution: Regions Financial Corporation

Reporting month(s):    February, 2010      

Submission date:  March 31, 2010

Person to be contacted regarding this report:  David Turner, Chief Financial Officer

3

In addition, Regions introduced the U.S. Treasury sponsored Home Affordable Modification Program for

loans serviced on behalf of Fannie Mae and Freddie Mac back in late March.  To date, we have initiated

1,294 trial period modifications for $199 million and of those, 587 have been completed for $90 million.

IV. Commercial Lending

A.  Commercial and Industrial Lending

Loan demand remained soft in February, as the stagnant economy continues to drive more conservative

leverage positions.  Outstanding loan balances edged up slightly in February as compared to January

levels.  Commercial line utilization rates have remained relatively flat since October 2009 and increased

slightly in February compared to January along with a slight increase in commitments and net balances.

In the middle market, client appetite for additional debt remains low.  Lower sales volumes have

resulted in lower inventory and accounts receivable financing requirements.  Businesses are less likely to

invest in or expand their operations given the current economic outlook.

  

Lending activity continues to increase in the not‐for‐profit/public institution sector, as many large

investment‐grade borrowers are exiting the bond market and seeking senior bank debt. With the

expansion of the rules for bank qualified lending, the Stimulus Act is providing additional opportunities

to extend credit to public entities.

Regions defines small business, in general, as clients with revenues up to $10 million.  Small business

lending activity is reflected within our Commercial and Industrial, Commercial Real Estate and

Residential Mortgage outstanding loan balances and production.   

Small businesses are experiencing lower working capital requirements resulting from lower sales

volumes and are reluctant to make capital investments given the current economic outlook.  As a result,

we are seeing small businesses build cash in their operating accounts.  Loan pipelines ended February

2010 at 84% of the prior year level and down 11% versus December.  Small business line utilization rates

have continued to remain stable.

B.  Commercial Real Estate Lending

The focus in commercial real estate lending continues to be on renewing and restructuring real estate

loans with existing clients versus active pursuit of new real estate loans.  Renewal activity includes loan

restructuring, remargining and repricing, consistent with the current credit quality of the sponsor, the

performance of the project and the current market.  As homebuilders sell existing inventory, we

continue to convert lot loans to residential construction loans, in turn, reducing our land and lot

portfolio.  

In February, new loan demand remained low.  Developers are reluctant to begin new projects or

purchase existing projects under current economic conditions.
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution: Regions Financial Corporation

Reporting month(s):    February, 2010      

Submission date:  March 31, 2010

Person to be contacted regarding this report:  David Turner, Chief Financial Officer

4

V. Treasury Activities  

Management of interest rate risk is among the most fundamental tenets in banking.  Banking

institutions utilize the Available for Sale investment portfolio as a primary tool to balance the inherent

interest rate risk arising from core banking activities.  Agency Mortgage‐Backed securities provided an

efficient means to offset asset sensitivity and maintain the desired liquidity profile, while offering a

compelling risk adjusted return on the use of capital.  Mortgage‐Backed security activity in February

totaled $1.9 billion, which consists of Agency Fixed‐Rate Mortgage‐Backed Products.  

VI. Equity and Debt Activities at Morgan Keegan

There were over 50 Equity issues processed industry‐wide in February 2010 accumulating over $9.5

billion. The Morgan Keegan Equity department participated in 4 of those offerings during the month.  

The industry sectors most active in February were finance and real estate. Backlog in equity offerings

continues to mount with the technology and healthcare sectors leading the way.  One other point of

interest, February saw buyback volume build, the highest since September 2008 which include such

names as Lowe’s and Direct TV.  The underwriting for the Morgan Keegan Debt underwriting

department was relatively slow for February.  This is typical for early in the calendar year.  We anticipate

incremental increases in March through June before the typical summer lag occurs again.
Name of institution: SunTrust Banks, Inc. Submission date: 03/29/10 

PART I. QUANTITATIVE OVERVIEW

2009

SCHEDULE A: CONSUMER LENDING (Millions $) DEC JAN FEB Key 1. First Mortgagea. Average Loan Balance (Daily Average Total Outstanding) $32,385 $31,866 $31,413 Consists of (1‐4 family) residential whole loans and closed end loans secured by junior liens

originated as part of a home purchase or refinance transactions. Includes loans retained in

SunTrust's loan portfolio and loans currently recorded in loans held for sale.

b. Total Originations $2,724 $1,913 $1,515 Includes all loans originated or purchased by SunTrust through the Retail and Wholesale chann

Volumes include all activity regardless of whether the loans are retained in the loan portfolio, o

recorded in loans held for sale and ultimately sold to a third party.

(1) Refinancings $1,617 $1,290 $904

(2) New Home Purchases $1,107 $623 $611

2. Home Equity

a. Average Total Loan Balance $17,680 $17,509 $17,392 Average balance, originations, and commitments include both Home Equity Lines and Home Eq

Loans.

b. Originations (New Lines+Line Increases) $110 $85 $97

TREASURY MONTHLY INTERMEDIATION SNAPSHOT

2010

c. Total Used and Unused Commitments $33,243 $32,936 $32,7423. US Card ‐ Manageda. Average Total Loan Balance ‐ Managed $997 $1,068 $1,070 Purchases drawn against SunTrust consumer and commercial credit card lines of credit are boo

in the calendar month transacted.

b. New Account Originations (Initial Line Amt) $721 $13 $12 SunTrust issues both commercial and consumer credit card lines of credit. New line commitme

are recognized when approved and cards are issued.

c. Total Used and Unused Commitments $4,139 $4,125 $4,089 This is the line commitment total for all credit card accounts of record.

4. Other Consumer

a. Average Total Loan Balance $12,209 $12,393 $12,620 Average balances and originations include student loans, direct installment loans (auto and non

auto), indirect installment loans (auto and marine), and unsecured personal credit lines.

b. Originations $485 $649 $573

1
SCHEDULE B: COMMERCIAL LENDING (Millions $) DEC JAN FEB Key 

1. C & Ia. Average Total Loan and Lease Balance $32,369 $33,635 $33,553 Includes average outstandings for Commercial & Industrial loans and leases extended to small

business, commercial, middle market, and large corporate clients.

b. Renewal of Existing Accounts $1,427 $723 $778 Renewals represent credit facilities and stand‐alone notes that matured and were renewed du

the reporting period. Includes funded loans and unfunded commitments, but does not include

letters of credit or derivatives.

c. New Commitments $1,184 $702 $1,063 Includes new facilities, stand‐alone notes, and leases extended to new or existing clients. Refle

both funded loans and unfunded commitments. Does not include takedowns under existing

commitments, letters of credit, or derivatives.

2. Commercial Real Estate

a. Average Total Loan and Lease Balance $22,231 $21,893 $21,581 Includes commercial loans secured by owner occupied or non‐owner occupied real estate.

Includes loans extended for real estate financing as well as loans made for other purposes and

collateralized by real estate.

b. Renewal of Existing Accounts $341 $150 $201 Renewals represent credit facilities and stand‐alone notes that matured and were renewed du

the reporting period. Includes funded loans and unfunded commitments, but does not include

letters of credit or derivatives.

c. New Commitments $215 $157 $124 Includes new facilities and stand‐alone notes extended to new or existing clients. Reflects both

funded loans and unfunded commitments. Does not include takedowns under existing

commitments, letters of credit, or derivatives.

4. Small Business Loans3

a. Average Total Loan Balance $5,311 $5,288 $5,244 Average balances and originations include loans originated in the business banking group which

includes loans guaranteed by the SBA. Business Banking primarily serves clients with annual sa

of $5 million or less.

SCHEDULE C: MEMORANDA ‐ SMALL BUSINESS LENDING (Millions $)

of $5 million or less.

b. Originations $52 $36 $35

SCHEDULE D: OTHER INTERMEDIATION ACTIVITIES (Millions $)

1. MBS/ABS Net Purchased Volume

a. Mortgage Backed Securities $229 ‐$550 ‐$1,969 The numbers represent net purchase volume within the reporting period. These securities are

reported in SunTrust's available‐for‐sale and trading portfolios.

b. Asset Backed Securities $0 $758 $0 The numbers represent net purchase volume within the reporting period. These figures includ

securities reported in SunTrust's available‐for‐sale and trading portfolios.

2. Secured Lending (Repo, PB, Margin Lending)

a. Average Total Matched Book (Repo/Reverse Repo)1 n/a n/a n/a SunTrust Bank has less than $50 billion in matched book repos. SunTrust Robinson Humphrey

“STRH”, an institutional broker dealer, is fully disclosed on the equity side through a third party

service provider and does not hold customer accounts.

b. Average Total Debit Balances2 n/a n/a n/a Although STRH self‐clears institutional fixed income transactions, STRH does not carry custome

accounts.

3. Underwriting

a. Total Equity Underwriting $28 $0 $36 Includes total dollars allocated to STRH in equity underwriting transactions that settled within t

reporting period.

b. Total Debt Underwriting $485 $324 $140 Includes total dollars allocated to STRH in investment grade fixed income, high yield fixed incom

and municipal debt underwriting transactions that settled within the reporting period.

Notes:3. Memoranda: these loans are already accounted for in either consumer lending, commercial lending, or a combination of both, and include loans guaranteed by the Small Business Administration and/or any other loans that are internally classified as small business loan

2. Applicable only for institutions offering prime brokerage or other margin lending services to clients.

1. Not applicable if matched book activity does not exceed $50 billion.

2
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  SunTrust Banks, Inc.

Reporting month(s):  February 2010   

Submission date: 3/29/10

Person to be contacted regarding this report:  Barry Koling

1

PART II.  QUALITATIVE OVERVIEW

Please provide a brief overview of the intermediation activity during the month.  This discussion should

include a general commentary on the lending environment, loan demand, any changes in lending

standards and terms, and any other intermediation activity.

SunTrust Banks, Inc., with total assets of $174.2 billion on December 31, 2009, is one of the nation’s

largest financial holding companies.  Through its banking subsidiaries, the Company provides deposit,

credit, trust, and investment services to a broad range of retail, business, and institutional clients. Other

subsidiaries provide mortgage banking, brokerage, investment management, equipment leasing, and

capital market services.  SunTrust operates 1,683 retail branches in Alabama, Arkansas, Florida, Georgia,

Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia, and the

District of Columbia.  In addition, SunTrust services clients in select markets nationally.   

Average loans in February, including loans held for sale, totaled $117.6 billion, down $734 million or

0.6% from January.  These totals do not include loans extended to clients and sold to third parties.  This

fact is particularly relevant when considering the mortgage portfolio, since the majority of new

originations and refinanced mortgage loans are sold to third parties.  Average balances in consumer

lending categories declined $341 million, or 0.5%, from January, while the average balances in

commercial lending categories declined $394 million, or 0.7%, from January.  Total new loan

originations, commitments, and renewals extended to all borrowers in February totaled $4.4 billion, a

decrease of 0.7% from January.   

Consumer Lending

Mortgage originations totaled $1.5 billion during February, representing a 20.8% decrease from January.  

Loans funded for new home purchases and refinancings in February decreased by 1.9% and 29.9%,

respectively, relative to January.    Average mortgage balances decreased $453 million, or 1.4%, during

February.  The balance decrease was impacted by sales into the secondary market as the average

balance of mortgage loans held for sale decreased $716 million or 26.2%.  Factors influencing the

decline in originations in February included, challenging weather conditions in many markets and some

firming of market rates following a trend of generally declining rates in late 2009.    

Credit card balances represent a small percentage of SunTrust’s loan portfolio and drive a relatively

immaterial percentage of SunTrust’s total annual loan originations.  Prior to 2010, consumer credit card

lines were originated by a third‐party service and periodically purchased by SunTrust in pools of

consumer credits from the third‐party service.  Beginning in January, all new consumer credit card line

commitments, as well as all new business and corporate credit card line commitments, are booked by

SunTrust in the month of origination.  In February, new credit card originations totaled $12 million, with

$8 million related to new consumer accounts and $4 million related to new business and corporate

accounts.    

Other consumer loans are primarily composed of student, auto, and other loans.  February fundings for

indirect auto, student, and other consumer loans decreased 11.7% from January.  February student loan

originations decreased from January by 21.2% due to seasonality associated with semester tuition
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  SunTrust Banks, Inc.

Reporting month(s):  February 2010   

Submission date: 3/29/10

Person to be contacted regarding this report:  Barry Koling

2

payments and student enrollments.  February indirect auto production also decreased 8.2% from

January.  

Commercial Lending

Average C&I loan balances decreased approximately 0.2% in February to $33.6 billion.  Renewals of

existing credit facilities and stand‐alone notes totaled $778 million in February, an increase of 7.6% from

January.  New commitments and new funded loans also increased in February by $361 million, a 51.4%

increase compared to January.

Commercial Real Estate

Average Commercial Real Estate loans decreased $312 million, or 1.4%, compared to the January

average.  New residential home builder loan demand was negligible and demand for commercial

development projects remained low as property values remained depressed and investment activity was

limited.  Average balances of commercial real estate loans secured by owner‐occupied real estate

remained stable.

Small Business Lending

Most small business loans are originated in the business banking group which primarily serves clients

with annual sales of $5 million or less.  In February, the average loan balance was $5.2 billion, down

0.8% from January.  February originations remained stable at $35 million.

Other Intermediation Activities

Beyond lending to consumers and businesses, SunTrust participates in various additional intermediation

activities.  In February 2010, SunTrust had a net reduction of $2 billion in total mortgage‐backed

securities.

SunTrust participated in ten debt issues in February with a total notional value of $3.8 billion.  SunTrust’s

allocation of underwritten debt included $49 million in investment‐grade fixed‐income issues, $5.7

million in municipal debt issues, and $85.5 million in high‐yield fixed‐income offerings, which in the

aggregate was $184 million below January totals.

In February, SunTrust participated in four equity offerings with a total notional value of $554 million, of

which our allocation was $36 million.