Troubled Assets Relief Program (TARP)

Monthly 105(a) Report – March 2010

April 12, 2010

This report to Congress is pursuant to Section 105(a) of the Emergency Economic Stabilization Act of 2008
Monthly 105(a) Report 

Section Key Developments ..................................................................................................................

• Second HFA Hardest-Hit Fund • HAMP Enhancements for Unemployed Homeowners and Principal Write-Downs • FHA Program Adjustments to Support Refinancings for Underwater Homeowners 

Where is TARP Money Going? .......................................................................................................................Program Updates .....................................................................................................................

• Dividends and Interest Received • Capital Purchase Program • AIG • Office of the Special Master • Consumer and Bank Lending Initiatives • Bank Lending and Intermediation Surveys • Congressional Hearings 

Certification ..............................................................................................................................Appendices

Appendix 1 – Description of TARP Programs & How Treasury Exercises Its Voting Rights 

Appendix 2 – Making Home Affordable Servicer Performance Report Appendix 3 – Financial Statement
Monthly 105(a) Report 

Treasury is pleased to present the Office of Financial Stability’s Monthly 105(a) Report for March 2010. 

The Troubled Assets Relief Program or TARP was established by Treasury pursuant to the Emergency Economic EESA. This law was adopted on October 3, 2008 in response to the severe financial crisis facing our country. To developed a number of programs under TARP to stabilize our financial system and housing market, which, together and Reinvestment Act, laid the financial foundation for economic recovery. In March, Secretary of the Treasury Geithner stated that “the TARP is being put to rest, having used only a fraction oCongress, and having returned almost $200 billion dollars in capital, dividends, and interest to reduce the nation’s debt In February, the Obama Administration released the Budget of the U.S. Government for the Fiscal Year 2011 (FY2011 FY2011 Budget, it is estimated that TARP will cost about $117 billion (including offsetting interest collections), far less $341 billion.1 This was based on estimated total expenditures of not more than $550 billion, far less than the $700 bill

March 2010 report, the Congressional Budget Office estimated the total cost of the TARP as $109 billion.2

In December 2009, the Secretary of the Treasury certified the extension of TARP authority until October 2010 as pSecretary outlined a strategy for going forward that balances the capacity to respond to threats to the financial seconomic recovery with the need to exercise fiscal discipline and reduce the burden on taxpayers. This strategy has fo

 Continued wind down of many existing programs, including those supporting large banks.  Limiting new commitments to three areas: 

1. Foreclosure mitigation and stabilization of the housing market; 2. Provision of capital to small and community banks as a source of credit for small businesses; and 3. Support for the securitization markets underlying those sectors. 

 Treasury will not otherwise use remaining TARP funds unless necessary to respond to an immediate and subs

stemming from financial instability. 

 Manage existing TARP investments in a commercial manner and dispose of them as soon as practicable. 

1 Represents the deficit impact of TARP. 2 See “Report on the Troubled Asset Relief Program – March 2010” available at http:// http://www.cbo.gov/ftpdocs/112xx/doc11227/03-17-TARP.p
Monthly 105(a) Report 

Key Developments The following key developments took place during March 2010 under existing TARP programs: • Cumulative TARP repayments reached $181 billion. Repayments in March included from the Hartford Financial Se

of $3.4 billion, as well as a $1 billion repayment from General Motors. 

• Treasury conducted a public auction for warrants issued by Bank of America Corporation, received pursuant to th

(CPP) and the Targeted Investment Program (TIP), for total gross proceeds of approximately $1.57 billion, and pthree other banks for additional total gross proceeds of approximately $34 million. 

• Treasury released data through February 2010 for the Home Affordable Modification Program (HAMP), which offer

mortgage modification process and financial incentives to encourage servicers and investors to undertake sustainPlease refer to the complete Servicer Performance Report included as Appendix 2.  Approximately 170,000 homeowners now have permanent modifications, nearly double the number from 

approximately 91,000 borrowers have received final approval for a permanent modification from the servicers. 

 More than 1.3 million homeowners have received offers for trial modifications, and nearly 1.1 trial modifica

program. 

 Homeowners in permanent modifications are saving a median of 36 percent of their before-modification payme

per month on mortgage payments. In aggregate, homeowners have saved over $2.7 billion through trial and pe

• Also during March, three additional servicers, Wells Fargo, JP Morgan and Citigroup, entered the HAMP Secon

(2MP). These servicers, together with Bank of America, account for over half of second lien loans. 

• Treasury announced a second Housing Finance Agency Innovation Fund for the Hardest-Hit Housing Markets p

HAMP described below. 

• The Special Master issued 2010 rulings for the Top 25 executives at the five remaining firms receiving exceptional f

TARP: AIG, Chrysler, Chrysler Financial, GM, and GMAC. Notable features of the Special Master’s 2010 detinclude: decreased total cash compensation by 33 percent compared to the cash compensation these individual 

and reduced total compensation at AIG, GMAC, and Chrysler Financial by 15 percent compared to the pay these ex
Monthly 105(a) Report 

Second HFA Hardest-Hit Fund

On March 29, 2010, the Administration announced an expansion of the initiative to target additional states with higliving in local areas of concentrated economic distress. The second HFA Hardest-Hit Fund will include up to $600 mmeasures to help families stay in their homes or otherwise avoid foreclosure in five states that have areas of concentr$600 million in funds is equivalent on a per person basis to the $1.5 billion awarded in the first HFA Hardest-Hit Fund. Hit Fund targeted five states affected by home price declines greater than 20 percent, the second HFA Hardest-Hit 

there are counties with unemployment rates greater than 12 percent, on average over the months of 2009.3 The 

allocations based on this criterion are: North Carolina, Ohio, Oregon, Rhode Island, and South Carolina. Set forth methodology used to determine calculations: 

Economic Distress

State

State 

Population 

in 2009

Population 

Living in High 

Unemp Counties

% of State Pop 

Living in High 

Unemp Counties

% of Total Pop in 

High Unemp 

Counties 

for Top 5 States

Allocati

Cap 

($million

Rhode Island 1,053,209 627,690 60% 7% $43

South Carolina 4,561,242 2,022,492 44% 23% $138Orgeon 3,825,657 1,281,675 34% 15% $88North Carolina 9,380,884 2,332,246 25% 27% $159Ohio 11,542,645 2,514,678 22% 29% $172

Total $600

State Totals Allocation

The objective of the HFA Hardest Hit Funds is to allow HFAs to develop creative, effective approaches to the housconditions. To receive funding, programs must satisfy the requirements for funding under EESA. These requirementfunds must be an eligible financial institution and that the funds must be used to pay for programs designed to prevenother permitted uses under EESA. Treasury has outlined some of the possible types of transactions that would meet EESA requirements. These include assistance to unemployed borrowers to help them avoid foreclosure; modifications of mortgage loans held by HFAs oincentives for servicers/investors to modify loans; mortgage modifications with principal forbearance by paying overleveraged loan and taking back a note from the borrower for that amount in order to facilitate additional modificsales and deeds-in-lieu of foreclosure to prevent avoidable foreclosures; incentives for financial institutions to wr

3 States that were allocated funds under the first HFA Hardest-Hit Fund are not eligible for the second HFA Hardest-Hit Fund. (See Appendix 1 – 
Monthly 105(a) Report 

principal balance for homeowners with severe negative equity; or incentives to reduce or modify second liens. transaction types (including innovations related to the existing “Making Home Affordable” programs) will be evaluated compliance with EESA. Treasury will ensure accountability and transparency of the HFA Hardest-Hit Fund program: all funded program desigwill be posted online and program activity will be subject to oversight under EESA. Receipt of applications and initial deoccur in the second quarter of 2010. HAMP Enhancements for Unemployed Homeowners and Principal Write-Downs

On March 26, 2010, the Obama Administration announced enhancements to the Home Affordable Modification Progtemporary mortgage assistance to some unemployed homeowners, encourage servicers to write-down mortgagmodification, allow more borrowers to qualify for modification through HAMP, and help borrowers move to momodification is not possible. The changes will be implemented in the following months.4

1. Temporary Assistance for Unemployed Homeowners While They Search for Re-Employment

Unemployed homeowners meeting eligibility criteria will have an opportunity to have their mortgage payment

affordable level for a minimum of three months, and up to six months for some borrowers, while they look for a nenot find a job before the temporary assistance period is over or if they find a job with a reduced income, they will bHAMP modification or may be eligible for HAMP’s alternatives to foreclosure program. There will be no cost to g

the forbearance plans. 

2. Requirement to Consider Alternative Principal Write-down Approach and Increased Principal Write-down Incentive

To expand the use of principal write-downs, servicers will be required to consider an alternative modification approarelief, which includes incentive payments for each dollar of principal write-down by servicers and investors. Thincentives will be earned by the borrower and lender based on a pay-for-success structure. Servicers will initially trforbearance and will forgive amounts in equal steps over three years, as long as the homeowner remains current on 

3. New and Revised Supplemental Directives

In March, four new or revised Supplemental Directives (SD) were released.5

4 Further information, including the HAMP Improvements Fact Sheet, is available at http://www.FinancialStability.gov/latest/pr_03262010.html 5 SD 09-09 Revised – Home Affordable Foreclosure Alternatives – Short Sale and Deed-in-Lieu of Foreclosure Update, which replaced former SD 

Updated to the Second Lien Modification Program (2MP), which replaced former SD 09-05; SD 10-02 – Home Affordable Modification Program – 
Monthly 105(a) Report 

SD 09-09 Revised provides guidance to servicers for adoption and implementation of the Home Affordable Forprogram for first lien mortgage loans that are not owned or guaranteed by Fannie Mae or Freddie Mac. Revised fea

• Increased incentives to provide more homeowners with foreclosure alternatives; 

• An increase in payments to subordinate lien holders who agree to release borrowers from debt to facilita

alternatives, including short sales or deeds-in-lieu, and encourage additional outreach to homeowners unab

• A doubling in relocation assistance payment for to help homeowners who use a foreclosure alternative 

housing they can afford. 

SD 09-05 Revised provides guidance to servicers for adoption and implementation of 2MP for second liens and i

extinguished or partially extinguished in conjunction with 2MP. 

• Servicers will receive a one-time incentive fee for each fully extinguished second lien based on a formula 

balance and combined-loan-to- value ratio (for first and second liens), and length of delinquency. 

SD 10-02 amends policies and procedures related to outreach and communication with homeowners by serviceforeclosure actions, and extends HAMP benefits to borrowers who have filed for bankruptcy court protection. Signif

• Prohibition of referral to foreclosure until a borrower is evaluated and found ineligible for HAMP or reasonab

to protect responsible borrowers from unnecessary foreclosure actions and costs. Written certifications arnot HAMP eligible before an attorney or trustee can conduct a foreclosure sale. 

• Servicers are required to stop foreclosure actions after a borrower enters into a trial plan based on veri

borrowers in bankruptcy for HAMP. 

SD 10-03 provides guidance for the HAMP pay-for-performance compensation and pay-for-success compensatioborrowers and servicers of Federal Housing Administration (FHA) loans. There are no investor incentives for moloan. 

FHA Program Adjustments to Support Refinancings for Underwater Homeowners

In March, the Administration announced the FHA Program Adjustments to Support Refinancings for Underwater Hoparticipating lenders to provide additional refinancing options to homeowners who owe more than their home is worth home prices. The FHA Refinance option should be available by the fall of 2010 and detailed guidelines will be publish

made available up to a total of $14 billion to provide incentives to support the write-downs of second liens and encoura

Communication; and SD 10-03 – Home Affordable Modification Program – Modifications of Loans Insured by the Federal Housing Administration Directives, and links to PDF versions of each SD, is available at https://www.hmpadmin.com/portal/programs/directives.html
Monthly 105(a) Report 

and to provide additional coverage for a share of potential losses on these loans. See the FHA Refinanchttp://MakingHomeAffordable.gov/docs/FHA_Refinance_Fact_Sheet_032510%20FINAL2.pdf. Where is TARP Money Going? Although TARP authority has been extended, Treasury has notified Congress that it does not expect to use more tbillion authorized for TARP. Treasury has used this authority to make investments that have helped to stabilize confidence in the strength of our financial institutions, restart markets that are critical to financing American housprevent avoidable foreclosures in the housing market and keep people in their homes. As of March 31, 2010, approxplanned for TARP programs, and of that amount6,7

• $491.10 billion has been committed to specific institutions under signed contracts. • $381.54 billion has been paid out by Treasury under those contracts. A large part of the total investments to date occurred in 2008 under the Capital Purchase Program. The commit

amounts extended under the Obama Administration’s Financial Stability Plan. These include funds committed Modification Program, the Legacy Securities Public-Private Investment Program, Automotive Industry Financing Prog

described in this report (and Appendix 1). Taxpayers can track progress on all of the financial stability programs and investments, as well as repayme

www.FinancialStability.gov. Specifically, taxpayers can look at investments within two business days of closing in the 

www.FinancialStability.gov/latest/reportsanddocs.html. 

6 In April 2010, Treasury revised the planned investments for the Consumer and Business Lending Initiative (CBLI) from $60 billion as shown in F

corresponding reduction in total planned investments from $545 billion to approximately $537 billion. The $52 billion of CBLI is comprised of $2

Securities Lending Facility (TALF), $30 billion reserved for the proposed Small Business Lending Funds (separate from TARP through legislatiCommunity Development Capital Initiative, and not more than $1 billion for the Small Business and Lending Initiative - SBA 7a Securities Purchas

7 In Figure 1, TARP funds for the Home Affordable Modification Program do not include $1.26 billion to offset costs of program changes for the “H

Act of 2009” ($1.244 billion) or administrative expenditures relating to the Special Inspector General for the TARP ($15 million). Including the foreTARP commitments and amounts paid out as adjusted were $491.10 billion and $381.54 billion, respectively. 
Monthly 105(a) Report 

Figure 1 shows the planned TARP investment amounts together with the total funds disbursed and investments that hand Figure 2 shows the planned TARP investments by program, each as of March 31, 2010.6,7

Figure 1: TARP Summary through March 2010 ($ billions)

Planned 

Investments 

Capital Purchase Program $ 204.89 $ 204.89 $ 204.

Targeted Investment Program $ 40.00 $ 40.00 $ 40.

Asset Guarantee Program $ 5.00 $ 0.00 $ 0.

Consumer and Business Lending Initiative6 $ 60.00 $ 20.02 $ 0.

Legacy Securities Public-Private Investment Program $ 30.00 $ 30.36 $ 7.AIG $ 69.84 $ 69.84 $ 47.

Auto Industry Financing Program $ 85.39 $ 84.84 $ 79.

Home Affordable Modification Program7 $ 50.00 $ 39.89 7 $ 0.

 Totals $545.12 6 $489.84 $380

Total 

Disburse

Commitments

Figure 2: Planned TARP Investments ($ billions) through March 2010 

Capital Purchase ProgramAuto Industry Financing ProgramAIGConsumer and Business Lending InitiativeHome Affordable Modification ProgramTargeted Investment ProgramLegacy Securities Public-Private Investment ProgramAsset Guarantee Program

CPP

$205 

AIFP

$85 

AIG

$70 

CBLI

$60 

HAMP

$50 

TIP

$40 

PPIP

$30 

AGP

$5 
Monthly 105(a) Report 

Figure 3 shows the amount of TARP investments by both the amount obligated – or committed for investment – a

actually paid out, over each month since inception. Figure 3: Funds committed and paid out under TARP from October 2008 through March 2010 

-$20

$0

$20$40$60$80

$100$120$140$160$180

Billions

Amount Committed to Specific Institutions Each Month (Left Scale) Amount Paid Out in Each Month (Left Scale)Cumulative Amount Committed to Specific Institutions (Right Scale) Cumulative Amount Paid Out (Right Scale)
Monthly 105(a) Report 

Program Updates Dividends and Interest Received

Most of the TARP money has been used to make investments in preferred stock or loans of financial institutions.8

• In March, Treasury received approximately $335 million in dividends, interest and distributions from TARP inves• Through March 2010, Treasury has received more than $14 billion in total dividends, interest and distributions. • In March, Treasury received approximately $1.6 billion in warrant proceeds from CPP and TIP investments. 

Figure 4 shows dividends, interest, distributions and warrant proceeds received by TARP program through March 2010

Figure 4: Dividends, interest, distributions and warrant proceeds received by TARP through March 2010 ($ billi

CPP

$8.98 

Warrant 

Proceeds

$5.65 

AGP$0.32 

AIFP$1.74 

PPIP$0.02 

TIP

$3.00 

Treasury’s Dividends and Interest Reports for TARP programs are available at http://www.FinancialStability.gov/latest/r

8 Numbers in text and tables may not add up because of rounding. 9 Warrant proceeds in Figure 4 reflect cumulative proceeds from CPP and TIP warrant dispositions and contingent proceeds received from other 
Monthly 105(a) Report 

Capital Purchase Program

Treasury created the Capital Purchase Program in October 2008 to stabilize the financial system by providing capita

throughout the nation. This program is now closed, and of $205 billion invested, more than $135.83 billion has alreadexpects it will result in a positive return for taxpayers. Details on the Capital Purchase Program are availahttp://www.FinancialStability.gov/roadtostability/capitalpurchaseprogram.html. Figure 5 shows the cumulative CPP act

Proceeds from the repurchases of shares acquired from a warrant are included as cash received from sales of warrantsFigure 5: CPP Snapshot since inception 

Number of Institutions: 707* Total Dividends and Interest 

Amount Invested: $204.9 billion March Dividends and Interest $135.93 million

Largest Investment: $25 billion Total Fee Income 

Smallest Investment: $301,000

Total Warrant Income**  Number of Institutions 47 CPP Repurchase Amount $2.92 billion

Total Amount of Repayments: $135.83 billion CPP & TIP Auction Amount $2.71 billion Number of Institutions Fully Repaid: 66 Total Income 

 Number of Institution Partially Repaid: 8 **Includes TIP warrants and proceeds from exercised 

RepaymentsCPP Cumulative Investments

*Banks in 48 states, D.C. and Puerto Rico

Income to Treasury

Repayments Sixty-six (66) of the banks that received investments under CPP have repaid Treasury in full. Treasury continues regulators who must evaluate requests from CPP participants interested in repaying Treasury’s investment. Warrant Auctions In March, Treasury conducted a public auction for warrants issued by Bank of America Corporation, received pursProgram and the Targeted Investment Program (TIP), for total gross proceeds of approximately $1.57 billion. Tre

auctions in March for CPP warrants issued by Signature Bank, Texas Capital Bancshares, and Washington Federal, 
Monthly 105(a) Report 

proceeds of $33.65 million. Together with the TIP warrant proceeds, proceeds from sales of warrants through month-billion. Dividends In March, Treasury received approximately $136 million in dividends and interest from CPP investments. Cumu

received from CPP investments through month-end was approximately $9 billion. In March, Treasury released the Dividends & Interest Report through February 2010, a quarterly payment month fo

(79) institutions missed payments for that period, excluding the three institutions that have entered bankruptcy, consicumulative dividends (approximately $41 million), 18 institutions paying non-cumulative dividends (approximately $2 

interest payments (approximately $1 million). As of March 31, 2010, eleven banks have missed four payments and one Exchange for Other Securities The overriding objective of EESA was to “restore liquidity and stability to the financial system of the United States” in overall returns to the taxpayers”. Consistent with the statutory requirement, Treasury’s four portfolio management gu

are: (i) protect taxpayer investments and maximize overall investment returns within competing constraints; (ii) prom

disruption of financial markets and the economy; (iii) bolster market confidence to increase private capital inveinvestments as soon as practicable, in a timely and orderly manner that minimizes financial market and economic impaIn limited cases, in order to strengthen the capital position of the bank and protect the taxpayers’ interest in the vTreasury has participated in exchanges of CPP preferred stock for other securities. Through March 2010, the exchangconsisted of: 

• Citigroup, Inc. As part of an exchange offer designed to strengthen Citigroup’s capital, in June 2009, Treasur

billion of CPP preferred stock in Citigroup for common stock at a price per share of $3.25. In addition, Treasury billion of TIP preferred stock issued to Treasury in December 2008, and Treasury and the Federal Deposit Iagreed to exchange the approximately $7.1 billion of preferred stock in connection with the Asset Guarantee PTreasury and the FDIC as consideration for the loss-sharing agreement, respectively, for trust preferred secur

agreement, Citigroup launched exchange offers for publicly held convertible and non-convertible preferred and a result of these exchanges with Treasury and other investors, Citigroup’s Tier 1 Common ratio increased from since repaid the $20 billion of TruPS under TIP, and the AGP agreement was terminated at no cost to the t

10 Treasury’s Dividends and Interest Reports for TARP programs are available at http://www.FinancialStability.gov/latest/reportsanddocs.html. 
Monthly 105(a) Report 

announced its intention to dispose of its approximately 7.7 billion shares of Citigroup common stock over thmarket conditions. 

• Popular, Inc.; PR. In August 2009, Treasury exchanged its $935 million of CPP preferred stock in Popular, In

This exchange was in conjunction with an exchange offer in which the private holders of trust preferred sepreferred stock exchanged their holdings for common stock. After giving effect to the exchanges by Treasury aTier 1 Common ratio increased from 2.45% to approximately 7.5%. 

• Superior Bancorp, Inc.; AL. In December 2009, Treasury exchanged its $69 million of CPP preferred stock in 

like amount of TruPS issued by an affiliate of Superior. Superior also exchanged $7.5 million of TruPS for comcapital plan, which also envisions raising $100 million in new common equity. As a result of the exchange transthe corporation’s Tier 1 Common ratio increased from 5.08% to 5.81%. 

• Midwest Banc Holding, Inc., IL. In March 2010, Treasury exchanged CPP preferred stock ($84.8 million i

million in unpaid and accrued dividends) held by Treasury into an $89.1 million mandatory convertible preferreMCP has the same terms as the CPP preferred until it is converted into common stock. The exchange was punder which, Midwest would exchange its existing preferred stock and debt ($43 million of preferred stock, $15 and $63.6 million of senior debt) for common stock as well as raise $125 million in new equity. Treasury’s MCP 

common stock unless the capital plan and conversion are completed or after seven years. 

AIG

Beginning in September 2008, the Federal Reserve and Treasury have taken a series of actions related to American In

in order to address the liquidity and capital needs of AIG, thereby helping to stabilize the company and prevent a d

have severely disrupted financial markets and contributed to a further worsening of economic conditions. (See description of the Treasury investments in AIG.) Treasury has the right to appoint directors because AIG failed to pay the preferred stock held by Treasury. On April 1, 2010, Treasury exercised its right to appoint two directors to the AIG 

March, AIG announced agreements to sell two subsidiaries - American International Assurance Company (AIA) aCompany (ALICO) -- for combined proceeds of over $50 billion. Cash proceeds of these sales will be used to repay New York. Consummations of the sales are subject to shareholder and local regulatory approvals. 

11 More information is available at http://www.FinancialStability.gov/latest/tg_04012010.html 
Monthly 105(a) Report 

Office of the Special Master for TARP Executive Compensation

In March 2010, the Office of the Special Master completed its review of, and issued a supplemental determination rega

• The treatment of the acquisition of AIG’s American Life Insurance Company (ALICO) under Treasury’s Interim F

Standards for Compensation and Corporate Governance; and 

• The structure of compensation packages for Chrysler’s Top 25 executives for 2009. 

On March 23, 2010, the Special Master issued 2010 rulings for the Top 25 executives at the fine remaining firms receAIG, Chrysler, Chrysler Financial, GM, and GMAC. Because Bank of America and Citigroup repaid their exceptiosubject to the Special Master’s 2010 rulings. The rulings: 

• Decreased total cash compensation by 33 percent compared to the cash compensation these individual executi

• Reduced total compensation at AIG, GMAC, and Chrysler Financial by 15 percent compared to the pay these e

Also in March, the Office of the Special Master issued a letter, to the 419 TARP participants that received financial ass

2009 and a Compensation Review Data Request Form pursuant to which each TARP participant will provide informatin his administration of the “lookback” provision (i.e., Section 111(f)) of EESA. Section 111(f) requires a review of boother compensation paid to the senior executive officers and 20 next most highly compensated employees of each before February 17, 2009. Consumer and Business Lending Initiatives

Community Development Capital InitiativeIn March, Treasury released program terms for the new Community Development Capital Initiative (CDCI), originally aninvest lower-cost capital in Community Development Financial Institutions (CDFIs) that operate in markets unders

institutions. CDFIs are banks, thrifts, bank holding companies, savings and loan holding companies and credit uniopercent of their small business lending and other economic development activities to low- and moderate-income comm

12 Copies of all determination letters are available at http://www.FinancialStability.gov/about/executivecompensation.html 13 Program details are available at: http://www.FinancialStability.gov/roadtostability/comdev.html
Monthly 105(a) Report 

Investments under the CDCI are expected to begin following receipt of applications, which are due by April 30, 2010. K

• CDFIs will be eligible to receive capital investments of up to 5 percent of risk-weighted assets (3.5 percent of t• CDCI participants will pay dividends to Treasury at a rate of 2 percent per annum, compared to the 5 percent 

9 percent after eight years. 

• Consistent with the use of TARP funds to promote financial stability and protect the taxpayer, CDFIs will nee

regulator to participate in this program. In cases where a CDFI might not otherwise be approved by its rparticipate so long as it can raise enough private capital that – when matched with Treasury capital up to 5 pe(RWA) – it can reach viability. 

• CDFIs participating in the Capital Purchase Program are eligible to exchange the CPP investment into CDCI p

• CDFIs that participate in the program will not be required to issue warrants so long as they receive $100 millio

funding. 

Small Business and Community Lending Initiatives - SBA 7a Securities Purchase Program In March 2009, Treasury and the Small Business Administration announced several initiatives directed at enhancing including a Treasury program to purchase SBA guaranteed securities (“pooled certificates”). Treasury has developed 

SBA guaranteed securities from one pool assembler, and as of March 31, 2010, has purchased securities in an agg$21 million.14

Term Asset-Backed Securities Loan Facility Under the Term Asset-Backed Securities Loan Facility (TALF), the Federal Reserve Bank of New York has ma

backed securities in order to promote liquidity in the capital markets and stimulate consumer and business lending by thTreasury uses TARP funds to provide credit support for the TALF by purchasing securities surrendered or seized by thsecurities (ABS) that were eligible collateral for the TALF loans from FRBNY had to be backed by new or recently o

loans, credit card receivables, equipment loans, floorplan loans, insurance premium loans, loans guaranteed by the S

residential mortgage servicing advances, or commercial mortgage loans, including legacy loans.15

14 Program details are available at: http://www.FinancialStability.gov/roadtostability/smallbusinesscommunityinitiative.html 15 Details on TALF are available at http://www.FinancialStability.gov/roadtostability/lendinginitiative.html
Monthly 105(a) Report 

The markets for ABS are an important source of credit for consumers and businesses. These markets essentially stfinancial crisis. The purpose of TALF was to help restart these markets and therefore aid consumers and businesses in • The first TALF subscription took place on March 19, 2009. There have been 13 ABS and 10 commercial mortgag

subscriptions as of March 31, 2010. A total of approximately $69 billion of TALF-eligible legacy and new ABS billion) issuance has been used as eligible collateral for TALF loans. (See TALF Consumer ABS chart in Appendix 

• The TALF for newly-issued ABS and legacy CMBS expired on March 31, 2010. 

• TALF will make loans against newly issued CMBS through June 30, 2010. As of March 2010, data from the Federal Reserve indicates that for most ABS asset classes, interest rate spreads h

the TALF loan rate, thereby reducing the need for support to the ABS through the facility. This is one measure of tasset classes. The expiration of TALF is expected to have limited impact on spreads for those asset types that were there has been an increasing level of demand by cash-only investors, minimizing the use of the TALF loans. Bank Lending and Intermediation Surveys

Each month, Treasury asks banks participating in the CPP to provide information about their lending and intermedia

banks and publishes the results in reports available at http://www.FinancialStability.gov/impact/surveys.htm, which ar

easily assess the lending. The Monthly Lending and Intermediation Snapshot provides data on the lending and other intermediation activities institutions. Beginning with the December 2009 Snapshot (released in February 2010), institutions that repaid CPP futo Treasury. In subsequent Snapshots, the reporting group will continue to contract, reflecting payments. Treasury analysis going forward, as aggregate month to month changes are no longer meaningful as the reporting group coreleased the following information on January lending, according to data submitted by the nine reporting institutions— 

• From December 2009 to January 2010 (for the 9 surveyed institutions), the overall outstanding loan balance 

originations of new loans decreased 35 percent with approximately $36 billion in new loans. 

• Total originations rose in one category (other consumer lending products) and fell in seven loan categories (mo

loans, C&I and CRE renewals of existing accounts and CRE new commitments). 
Monthly 105(a) Report 

The CPP Monthly Lending Report provides data on consumer lending, commercial lending, and total lending for all 

below summarizes total loan activity among all CPP participants.16

Treasury has also initiated an annual Use of Capital Survey to obtain insight into the lending, financial intermediation, of all recipients of government investment through CPP funds. The survey is designed to capture representative infwithout imposing excessive burdens on institutions, and will cover how each financial institution has employed the c

from the date it initially received the funds until the end of 2009. Treasury will also publish summary balance sinformation from each institution’s regulatory filings. Collection of the Use of Capital survey data began during Marcsecond quarter of 2010. 

16 Beginning with the December 2009 Snapshot (released in February 2010), the ten largest institutions that repaid CPP funds in June 2009 no 

are not adjusted. The decrease in balances from November 2009 to December 2009 is reflective of the decrease in the reporting group. 

Date

Number of

Respondents

Total Average

Consumer Loans

Total Average

Commercial Loans

Total Average Total

Loans

2/28/2009 519 $2,898,031 $2,380,691 $5,278,6623/31/2009 553 $2,885,662 $2,359,016 $5,244,6904/30/2009 541 $2,852,650 $2,329,536 $5,182,1825/31/2009 612 $2,843,527 $2,346,620 $5,190,1656/30/2009 604 $2,812,225 $2,429,930 $5,242,1567/31/2009 604 $2,803,284 $2,344,395 $5,147,6798/31/2009 649 $2,789,108 $2,328,433 $5,117,5429/30/2009 652 $2,795,012 $2,267,421 $5,062,43410/31/2009 656 $2,769,231 $2,252,352 $5,021,58411/30/2009 658 $2,760,947 $2,238,187 $4,999,13512/31/2009 640 $928,204 $1,011,277 $1,939,48112/31/2009 (Adjusted) 640 $928,204 $1,011,277 $1,939,4811/31/2010 643 $938,918 $1,017,911 $1,956,8291/31/2010 (Adjusted) 640 $938,812 $1,017,374 $1,956,186Change (Dec Adjusted to Jan Adjusted) 1.14% 0.60% 0.86%

All CPP Recipients
Monthly 105(a) Report 

Congressional Testimony

During March, Treasury officials appeared at the following Congressional hearings: House Oversight and Government Reform Committee Foreclosure Prevention Assistant Secretary for Financial Stability Herbert M. Allison, Jr. http://www.FinancialStability.gov/latest/tg_03252010.html

House Financial Services Committee Housing Finance Secretary of the Treasury Timothy F. Geithner http://www.FinancialStability.gov/latest/tg_03232010b.html

Congressional Oversight Panel Assistance Provided to Citigroup Under TARP Assistant Secretary for Financial Stability Herbert M. Allison, Jr. http://www.FinancialStability.gov/latest/st_03042010.html
Monthly 105(a) Report March 2010

Certification

As Assistant Secretary for Financial Stability at the United States Department of the Treasury, I am the official with delegated authority to approve

purchases of troubled assets under the Troubled Assets Relief Program. I certify to the Congress that each decision by my office to approve purchases

of troubled assets during this reporting period was based on the office’s evaluation of the facts and circumstances of each proposed investment,

including recommendations from regulators, in order to promote financial stability and the other purposes of the Emergency Economic Stabilization

Act of 2008.

Assistant Secretary

Office of Financial Stability
Monthly 105(a) Report 

Appendix 1 

Description of TARP Programs & How Treasury Exercises Its Voting Rights Section 

CPP ..............................................................................................................................SCAP and CAP...............................................................................................................AGP ...........................................................................................................................TIP and AIG ...............................................................................................................AIFP..............................................................................................................................CBLI ...........................................................................................................................PPIP..............................................................................................................................HAMP ........................................................................................................................Executive Compensation................................................................................................How Treasury Exercises Its Voting Rights........................................................................
Monthly 105(a) Report 

What is the Capital Purchase Program (CPP)? • Treasury created the Capital Purchase Program in October 2008 to stabilize the financial system by providing capi

throughout the nation. Under this program, Treasury invested in banks and other financial institutions to incstrengthened capital base, banks have an increased capacity to invest in assets, lend to businesses and consumeconomy. The CPP investment amount was determined by the size of the bank: no less than one percent and n(five percent for small banks) of the recipient’s risk-weighted assets. 

• Although many banks were fundamentally sound, because of the capital restraints caused by the troubled market c

to lend. The level of confidence between banks and other financial institutions was also low, so they were unwRestoring capital and confidence is essential to allowing the financial system to work effectively and efficiently. 

• The CPP remained open through 2009 for investments in small banks, with terms aimed at encouraging participatio

that are qualified financial institutions (QFIs) under CPP terms. The last application deadline under the CPP was closings occurred in December 2009. 

• This program is now closed. Of $205 billion invested, as of March 31, 2010, approximately $135 billion has alrea

expects it will result in a positive return for taxpayers. 

How does the CPP work? • Treasury purchased senior preferred shares and other interests from qualifying U.S.-controlled banks, savings ass

institutions. Treasury also receives warrants to purchase common shares or other securities from the banks. 

• Banks participating in the CPP pay Treasury dividends on the preferred shares at a rate of five percent per year fo

Treasury’s investment and at a rate of nine percent per year thereafter. S-corporation banks pay an interest rate ofirst five years and 13.8 percent thereafter. Preferred shares (or stock) are a form of ownership in a company. 

• Banks may repay Treasury under the conditions established in the purchase agreements as amended by t

Reinvestment Act. Treasury also has the right to sell the securities. The repayment price is equal to what Treasury 

unpaid dividends or interest. 

• When a publicly-traded bank repays Treasury for the preferred stock investment, the bank has the right to repurcha

do not trade on any market and do not have observable market prices. If the bank wishes to repurchase warranprocess is used to establish fair market value. If an institution chooses not to repurchase the warrants, Treasury is In November and December 2009, Treasury began public offerings registered with the Securities and Exchange warrants using a modified Dutch auction methodology. For more information is available in the Warrant Dishttp://www.financialstability.gov/docs/TARP%20Warrant%20Disposition%20Report%20v4.pdf
Monthly 105(a) Report 

The charts below show the number of banks by investment amount (left) and total CPP funds disbursed by investment 

381

271

55

0

50

100150200250300350400450

$12 million or less > $12 million - $250 million > $250 million

$2.15 

$13.29 

$0

$20$40$60$80

$100$120$140$160$180$200

$12 million or less > $12 million - $250 million 
Monthly 105(a) Report 

What was the Supervisory Capital Assessment Program (SCAP) and Capital Assistance Program (CAP)? • The Supervisory Capital Assessment Program and Capital Assistance Program were important components of t

help ensure that banks have a sufficient capital cushion in a more adverse economic scenario. SCAP was a compexercise, or “stress test”, for the largest 19 U.S. bank holding companies and a complement to the CAP. 

• In November 2009, Treasury announced the closure of the Capital Assistance Program. Of the 19 banks that 

demonstrated no need for additional capital or fulfilled their need in the private market. 

• GMAC was the only financial institution not able to raise sufficient capital in the private market, and in Decembe

completed the investment contemplated in May, an additional $3.8 billion, which was funded under the Automotive 

• Following announcement of the stress test results, the largest banking institutions raised over $140 billion in high

billion in non-guaranteed unsecured debt in the private markets. Banks used private capital to repay TARP investmits function as a bridge to private capital. 

How did SCAP and CAP work? • Federal banking supervisors conducted forward-looking assessments to estimate the amount of capital banks wou

more adverse economic scenario and to provide the transparency necessary for individuals and markets to judgsystem. Results of the stress tests were released on May 7, 2009. 

• Some banks were required to take steps to improve the quality and/or the quantity of their capital to give them a la

lending even if the economy performs worse than expected. Banks had a range of options to raise capital in tcommon equity offerings, asset sales and the conversion of other forms of capital into common equity. Ban

requirement by using these options could request additional capital from the government through the CAP. Financidetailed capital plan to supervisors, who consulted with Treasury on the development and evaluation of the plan. Aits capital buffer at the conclusion of the SCAP was required to develop a detailed capital plan in June 2009, and implement that capital plan. 

• In cases in which the SCAP indicated that an additional capital buffer was warranted, institutions had an oppo

sources of capital, but were also eligible to receive government capital via investment available immediately thbanks that did not participate in the SCAP could have applied to their primary federal regulator to receive capital un
Monthly 105(a) Report 

What was the Asset Guarantee Program (AGP)?• Under the AGP, Treasury acted to support the value of certain assets held by qualifying financial instituti

unexpectedly large losses on certain assets. The program was designed for financial institutions whose failure coand was used in conjunction with other forms of exceptional assistance. 

• The program is closed. Treasury expects it will result in a profit to the taxpayers. Who received assistance under the AGP? Citigroup Bank of America

• TARP funds were committed as a reserve to cover up to $5 billion of possible 

losses on a $301 billion pool of Citigroup’s covered assets. As a premium for the guarantee, Treasury received $4.034 billion of preferred stock, subsequently exchanged for trust preferred securities, with identical terms as the securities received under the TIP, and Treasury also received warrants to purchase approximately 66 million shares of common stock at a strike price of $10.61 per share. For the period that the Citigroup asset guarantee was outstanding, Citigroup made no claims for loss payments to any federal party and consequently Treasury made no guarantee payments of TARP funds to Citigroup. 

• In December 2009, Treasury, the Federal Deposit Insurance Corporation (FDIC), 

the Federal Reserve Bank of New York (FRBNY) and Citigroup, agreed to terminate Citigroup's AGP agreement, pursuant to which: (1) Treasury’s guarantee commitment was terminated, (2) Treasury agreed to cancel $1.8 billion of the trust preferred securities issued by Citigroup from $4.034 billion to $2.234 billion for early termination of the guarantee, (3) the FDIC and Treasury agreed that, subject to certain conditions, the FDIC may transfer $800 million of trust preferred securities to Treasury at the close of Citigroup’s participation in the FDIC’s Temporary Liquidity Guarantee Program, and (4) Citigroup agreed to comply with the executive compensation provisions EESA’s Section 111 and to review the actual incentive compensation agreements for Citigroup’s top 30 earners to be sure they comport with the Federal Reserve Board of Governors’ incentive compensation principles as set forth in the Board of Governors’ guidance. 

• In January 2009, Trea

Reserve and the FDIC potential losses on a $financial instruments owAmerica, consisting of sresidential and commercand corporate debt and dethat reference such seassociated hedges. 

• In September 2009, Tre

Reserve and Bank of terminate the asset guaannounced in January 2with that termination and benefits provided by entsheet for such arrangemepaid the U.S. governmincluding $276 million to T
Monthly 105(a) Report 

What is the Targeted Investment Program (TIP) and the AIG Investment?• Pursuant to EESA, Treasury has provided exceptional assistance on a case-by-case basis in order to stabilize ins

systemically significant to prevent broader disruption of financial markets. 

• Treasury provided this assistance by purchasing preferred stock, and also received warrants to purchase common How did the TIP work? • Under the TIP, Treasury purchased $20 billion in preferred stock from Citigroup Inc. and $20 billion in preferred 

Corporation. Both preferred stock investments paid a dividend of eight percent per annum. The TIP investmeinvestments in these banks. 

• As part of an exchange offer designed to strengthen Citigroup’s capital, Treasury exchanged all of its CPP pref

combination of common stock and trust preferred securities, and the TIP preferred shares were exchanged for trust 

• In December 2009, Bank of America and Citigroup repaid their TIP investments in full. Treasury continues to 

Citigroup under the TIP. 

• The program is closed. Treasury expects it will result in a positive return for taxpayers. How does the AIG Investment work? The Federal Reserve loans to AIG were carried out through the Federal Reserve Bank of New York (“FRBNY”) under 

Federal Reserve Act to lend on a secured basis under “unusual and exigent” circumstances to companies that are not d• In September 2008, the FRBNY provided an $85 billion credit facility to AIG, subsequently reduced to $60 billion

currently have approximately 79.8% of the voting rights of the common stock in AIG. The FRBNY created a trust for the benefit of the U.S. Treasury – but, the Department of the Treasury does not control the trust and cannot dire

• In December 2009, the Federal Reserve received preferred equity interests in two special purpose vehicles 

outstanding stock of AIG’s largest foreign insurance subsidiaries, American International Assurance CompanInsurance Company (“ALICO”), in exchange for a $25 billion reduction in the balance outstanding and maximum revolving credit facility with the FRBNY. The transactions positioned AIA and ALICO for initial public offerings or sa
Monthly 105(a) Report 

Treasury’s investment in AIG was made under EESA authority: • In November 2008, Treasury purchased $40 billion in Series D preferred stock from AIG, subsequently exchanged 

plus accrued dividends, into $41.6 billion of Series E preferred stock. 

• In April 2009, Treasury also created an equity capital facility, under which AIG may draw up to $29.8 billion as ne

additional shares of Series F preferred stock to Treasury. The Series E and Series F preferred stock pay a nopercent per year. 

• As of March 31, 2010, AIG has drawn $7.54 billion from the equity capital facility.

What is the Automotive Industry Financing Program (AIFP)? • The Automotive Industry Financing Program (AIFP) was developed in December 2008 to prevent a significant disru

industry, because the potential for such a disruption posed a systemic risk to financial market stability and would hathe economy. Short-term funding was initially provided to General Motors (GM) and Chrysler on the condition that t

long-term viability. In cooperation with the Administration, GM and Chrysler developed satisfactory viability plans abankruptcy proceedings sales of their assets to new entities. Chrysler’s sale process was completed in 42 days andays. Treasury provided additional assistance during the respective periods. 

• Treasury has provided approximately $80 billion in loans and equity investments to GM, GMAC, Chrysler, and Chry

Treasury’s assistance impose a number of restrictions. Among others, the companies must adhere to rigorous exestandards and other measures to protect the taxpayer’s interests, including limits on the institution’s expenditures a

governance requirements. 

• In the related Auto Supplier Support Program (ASSP), Treasury provided loans to ensure that auto suppliers receiv

services and products, regardless of the condition of the auto companies that purchase their products. 

Chrysler

• On January 2, 2009, Treasury loaned $4 billion to Chrysler Holding to give it time to implement a viable restructu

Administration determined that the business plan submitted by Chrysler failed to demonstrate viability and announto receive additional taxpayer funds, it needed to find a partner. Chrysler made the determination that forming an acourse of action for its stakeholders. 

• Treasury continued to support Chrysler as it formed an alliance with Fiat. In connection with Chrysler’s bankruptcy 

2009, Treasury provided an additional $1.9 billion under a debtor-in-possession financing agreement to assist ChOn June 10, 2009, pursuant to a court-approved order, substantially all of Chrysler’s assets were sold to the nGroup LLC (New Chrysler). Treasury committed to loan $6.6 billion to New Chrysler in working capital funding. 
Monthly 105(a) Report 

$500 million of Chrysler Holding’s initial loans from Treasury. When the sale to New Chrysler was completed, T

common equity in New Chrysler. 

• The original $4 billion loan to Chrysler Holding, excluding the $500 million of debt that was assumed by New Chrys

in default. In July 2009, Chrysler Holding agreed to pay to Treasury 40% of any distributions from Chrysler Fi

Holdings with a preference on the first $1.375 billion in distributions. In exchange, Treasury agreed to certain Chrysler Holding’s loans. 

• Treasury currently owns 9.9% of the equity in New Chrysler, and is owed $5.1 billion of debt from New Chrysler (e

The original loans to Chrysler remain outstanding, but are reduced by $500 million of debt that was assumed by Nownership in New Chrysler is as follows: the Chrysler Voluntary Employee Benefit Association (VEBA) (67.7%), Fia

the Government of Canada (2.5%). 

Chrysler Financial

• On January 16, 2009, Treasury announced that it would lend up to $1.5 billion to a special purpose vehicle (SPV) 

to enable the company to finance the purchase of Chrysler vehicles by consumers. 

• To satisfy the EESA warrant requirement, the Chrysler Financial SPV issued additional notes entitling Treasury 

percent of the maximum loan amount. Twenty percent of those notes vested upon the closing of the transaction, vest on each anniversary of the transaction closing date. The loan was fully drawn by April 9, 2009. 

• On July 14, 2009, Chrysler Financial fully repaid the loan, including the vested additional notes and interest. General Motors • On December 31, 2008, Treasury agreed to loan $13.4 billion to General Motors Corporation to fund work

agreement, GM was also required to implement a viable restructuring plan. The first plan GM submitted failed to viability, and the deadline was extended to June 1 for GM to develop an amended plan. Treasury loaned an adduring this period. To achieve an orderly restructuring, GM filed for bankruptcy on June 1, 2009. Treasury pdebtor-in-possession financing agreement to assist GM during the bankruptcy. 

• The new entity, General Motors Company (New GM), began operating on July 10, 2009, following its purchase of 

GM. When the sale to New GM was completed on July 10, Treasury converted most of its loans to 60.8% of the co

and $2.1 billion in preferred stock. Treasury continued to hold $6.7 billion in loans. 

• In December 2009, New GM began quarterly repayments of $1.0 billion on its $6.7 billion loan from Treasury. An

and Treasury amended the loan agreement to require existing escrow amounts to be applied to repay the loan by J

repaid Treasury $1 billion on March 31, 2010, the outstanding loan balance fell to $4.6 billion. 
Monthly 105(a) Report 

• The New GM currently has the following ownership: Treasury (60.8%), GM Voluntary Employee Benefit Asso

Canadian Government (11.7%), and Old GM’s unsecured bondholders (10%). 

GMAC• In December 2008, Treasury purchased $5 billion in senior preferred equity from GMAC LLC, and received a

preferred shares through warrants that Treasury exercised at closing. At the same time, Treasury also agreed to funds to GM (one of GMAC’s owners), to purchase additional ownership interests in GMAC’s rights offering. GM commitment in January 2009, and then in May 2009, Treasury exercised its option to exchange that loan for 35.4% interests in GMAC. 

• In May 2009, regulators required GMAC to raise additional capital by November 2009 in connection with the SCAP

purchased $7.5 billion of convertible preferred shares from GMAC and received warrants that Treasury exercise

$375 million in convertible preferred shares, which enabled GMAC to partially meet the SCAP requirements. AdditGMAC were contemplated to enable GMAC to satisfy the SCAP requirements. 

• On December 30, 2009, Treasury: 

 invested an additional $3.8 billion in GMAC, consisting of $2.54 billion of trust preferred securities (TRUPs), 

capital securities of GMAC, and $1.25 billion of Mandatory Convertible Preferred Stock (MCP), and recimmediately exercised, to purchase an additional $127 million of TRUPs and $63 million of MCP; 

 converted $3 billion of its existing MCP, which was purchased in May 2009, into common stock;  exchanged $5.25 billion of preferred stock into MCP; and  for the conversion price of the MCP to common stock, acquired a “reset” for an adjustment in 2011, if benefic

market price of GMAC’s private capital transactions occurring in 2010. 

• As a result of the December 2009 transactions, Treasury's equity ownership of GMAC increased from 35 percent 

holds $11.4 billion of MCP and $2.7 billion of TRUPs in GMAC. Treasury has the right to appoint two additional dirDirectors, so that four of nine directors will be appointed by Treasury. 

• GMAC remains subject to the executive compensation and corporate governance requirements of Section 111 of E

the Special Master for Executive Compensation. 
Monthly 105(a) Report 

Consumer and Business Lending Initiatives

What is the Community Development Capital Initiative? Pursuant to the Community Development Capital Initiative (CDCI), TARP funds will be used to provide lowe

Development Financial Institutions (CDFIs) that operate in markets underserved by traditional financial institutions. Cholding companies, savings and loan holding companies and credit unions that target more than 60 percent of theiother economic development activities to the country's hardest-hit communities. Additional details are available at http://www.FinancialStability.gov/roadtostability/comdev.html

What is the Small Business and Community Lending Initiative – SBA 7a Securities Purchase Program? To ensure that credit flows to entrepreneurs and small business owners, Treasury has taken measures to complemen

to help small businesses recover and grow, including a program to purchase SBA guaranteed securities (“pooled developed a pilot program to purchase SBA guaranteed securities from one pool assembler, which began operations in Additional details are available at http://www.FinancialStability.gov/roadtostability/smallbusinesscommunityinitiative.htm

What is the Term Asset-Backed Securities Loan Facility (TALF)? • The Term Asset-Backed Securities Loan Facility is a lending facility operated by the Federal Reserve Bank of 

provided term non-recourse loans collateralized by AAA-rated asset-backed securities (ABS) backed by new or re

student loans, credit card loans, equipment loans, floor plan loans, insurance premium finance loans, residential m

or commercial mortgage loans, including legacy commercial mortgage loans, as well as collateralized by loaBusiness Administration. Treasury has provided credit support for TALF as part of Treasury’s Consumer and Busin

• The way in which the TALF works is that on fixed days each month investors can request the FRBNY to ma

consumer, small business ABS, or commercial mortgage backed securities (CMBS). Assuming that the borrower ato pledge as collateral meet FRBNY’s requirements, the investor will receive the requested funding. Most borrowetheir own funds, to purchase the ABS that serves as collateral for the TALF loans. 

• If the borrower does not repay the loan, the FRBNY will enforce its rights in the collateral and sell the collateral 

(SPV) established specifically for the purpose of purchasing and managing such assets. The SPV is fundesubordinated loan commitment from Treasury. 

• On August 17, 2009, Treasury and the FRBNY announced the extension of the TALF for newly-issued ABS and 

31, 2010. In addition, TALF will make loans against newly issued CMBS through June 30, 2010. There were no fu

collateral eligible for the TALF. 
Monthly 105(a) Report 

• The TALF for newly-issued ABS and legacy CMBS expired on March 31, 2010. TALF will make loans against newl

30, 2010. 

18.5 18.2 

8.2 8.1 

3.6 

0.4 0.5 

1.9 1.3 1.6 

2.0 

5.2 

1.2 

5.8 

2.0 

0.1 

4.4 4.3 

6.6 

0.3 

8.3 2.9 

13.6 

16.5 

12.6 

9.1 

16.8 

6.6 

6.0 

3.8 

05

10152025

Total Consumer ABS Issuance

TALF IssuanceNon-TALF Issuance

• The chart below shows the increase in issuance of consumer ABS since the launch of TALF in March 2009. 
Monthly 105(a) Report 

What is the Legacy Securities Public-Private Investment Program (S-PPIP)? • The Legacy Securities Public-Private Investment Program is designed, in part, to support market functioning and fa

commercial and non-agency residential mortgage-backed securities (MBS) markets, helping banks and other ficapital and extend new credit to households and businesses. Both residential and commercial MBS are pools of mfinancial institutions. Rights to receive a portion of the cash generated by the pools are sold as securities in the f

way a stock or bond would be sold in financial markets. The term “legacy assets” generally refers to loans, assettypes of assets that were originated or issued before the financial markets for these types of assets deteriorated sig

• The Public-Private Investment Program was announced as part of the Financial Stability Plan, which also origi

legacy loans that would be administered by the FDIC. 

• In the latter months of 2009, financial market conditions improved, the prices of legacy securities appreciated, and 

Capital Assessment Program enabled banks to raise substantial amounts of capital as a buffer against weakconditions, all of which enabled Treasury to proceed with the program at a scale smaller than initially envisioned. 

How does the S-PPIP work? • Treasury partners with selected fund managers to purchase commercial and non-agency residential and commer

equity as well as debt financing to investment partnerships formed by the fund managers; the maximum equity obto be $1.11 billion and the maximum debt obligation to a PPIF is expected to be $2.22 billion (before giving effect to Treasury will invest one-half of the total equity committed to the partnership; the remainder must be raised by thsector sources. Treasury's loan will earn interest and must be repaid at the end of the life of the fund. 

• The nine firms that Treasury had pre-qualified in July 2009 to participate as fund managers have complete

operations of Public-Private Investment Funds (PPIFs). Treasury has committed (but not yet funded all of) of together with $2.22 billion of debt financing to each PPIF, while total Treasury equity and debt investment in all P$30 billion. Following an initial closing, each PPIF has the opportunity to conduct additional closings over the receive matching Treasury equity and debt financing for such additional closings. 

• The equity investment, together with warrants received by Treasury, ensures that if these PPIFs perform well, the U

taxpayer, will benefit from the upside of the performance alongside private investors. 

• Treasury carefully designed the S-PPIP terms to protect the interests of taxpayers. Fund managers may not acqu

to their affiliates or any other PPIF fund manager or private investor that has committed at least ten percent of raised by such fund manager. Fund managers must submit regular monthly reports about assets purchased, asand profits and losses. Due to the possibility of actual or potential conflicts of interest inherent in any market-basmanagers also must agree to abide by ethical standards and conflicts of interest and compliance rules and a procethese rules developed by Treasury. In developing these requirements, Treasury worked closely with, among otheand the Federal Reserve. 
Monthly 105(a) Report 

Who are the S-PPIP Fund Managers? • Following a comprehensive two-month application, evaluation, and selection process, during which Treasury 

applications to participate in the S-PPIP, in July 2009 Treasury pre-qualified the following firms to participate as fuAllianceBernstein, LP and its sub-advisors Greenfield Partners, LLC and Rialto Capital Management, LLC; AngeloCapital Real Estate; BlackRock, Inc.; Invesco Ltd.; Marathon Asset Management, L.P.; Oaktree Capital ManagemManagement, LP; The TCW Group, Inc., (subsequently terminated, see below); and Wellington Management Comp

• The fund managers for the PPIFs have established relationships with small, minority-, and women-owned busines

including involvement in managing the investment portfolio and cash management services, raising capital from 

trading related-services, identifying investment opportunities, and providing investment and market research and oPPIFs.

• In December 2009, a fund managed by The TCW Group, Inc., was liquidated because TCW terminated the employ

“Key Persons” responsible for making the investment decisions as set forth under the Limited Partnership Agreem$513 million of total capital had been funded. Treasury's debt and equity capital investments were repaid in full, anreturn of approximately $20.6 million on its equity investment of $156.3 million. Private investors have been offered underfunded capital commitments and proceeds from the TCW PPIF liquidation to any of the eight other PPIFs. 

• In March 2010, commitments for $44.5 million in direct equity investments were reallocated from TCW PPIF inv

managers and the remaining $3.2 billion in commitments to the TCW PPIF were reallocated to the other eight PPIF 

Home Affordable Modification Program (HAMP)

What is the Home Affordable Modification Program? • The Home Affordable Modification Program, part of Making Home Affordable (MHA), was first announced by t

February 2009 as part of its Financial Stability Plan. 

• Using TARP funds, Treasury provides incentives for mortgage servicers, borrowers and investors to modify loa

imminent risk of default to an affordable monthly payment equal to no more than 31 percent of a borrower’s gross must be owner occupants, demonstrate the ability to support the reduced payment during a three-month documentation before the modification becomes permanent. 

• Homeowners participating in HAMP work with HUD-certified housing counselors and mortgage servicers. HAMP is 

million homeowners an opportunity to reduce their monthly mortgage payments to more affordable levels. 
Monthly 105(a) Report 

• HAMP includes both GSE and non-GSE mortgages. GSE stands for “government sponsored enterprise,” and in th

and Freddie Mac. Up to $50 billion of TARP funds will be used to encourage the modification of non-GSE mortgaown and hold in their portfolios (whole loans) and mortgages held in private-label securitization trusts. 

• Servicers must enter into the Servicer Participation Agreements with Treasury on or before October 3, 2010. Servi

or securitized by Fannie Mae or Freddie Mac (GSEs) are required to participate in the related GSE’s HAMP for theiincentives for these GSE HAMP modifications are funded by the related GSEs from their own resources. 

• Borrowers may be accepted into HAMP if a borrower has made the first trial period payment on or before Dece

interest rates are locked for five years from the start date of the modification. Incentive payments to investors and paid out over that period for up to five years, and incentive payments to servicers for up to three years. At the einterest rate will increase by one percent per year until it reaches the cap, which is the market rate at the time capped rate is fixed for the life of the loan. 

What are the additional components of HAMP and MHA? • The Home Price Decline Protection (HPDP) program is a component of HAMP, and the Second Lien Modification P

Affordable Foreclosure Alternatives Program (HAFA) are components of MHA. 

• HPDP provides additional incentive payments for modifications on properties located in areas where home prices 

of the program is to encourage additional lender participation and HAMP modifications in areas hardest hit by fathat borrowers in those areas have the opportunity to stay in their homes, thereby minimizing foreclosures, which fu

• The Second Lien Modification Program (2MP) provides incentives for second-lien holders to modify or extinguish a 

a modification has been initiated on the first lien mortgage for the same property under HAMP. 

• The Home Affordable Foreclosure Alternatives Program (HAFA) simplifies and streamlines the use of short sa

incorporating financial incentives to borrowers, servicers, and investors. The program also ensures pre-approved sthe property on the market and requires that borrowers be fully released from future liability for the debt. 

Servicer performance • To ensure transparency and servicer accountability, servicer-specific results are publicly reported on a monthly b

includes the number of Trial Period Plans that have transitioned to permanent modifications as well as a break-out with the highest program activity. The MHA Monthly Servicer Performance Reports can be found at http

latest/reportsanddocs.html. 

• Participating servicers and state, local and community stakeholders have worked with Treasury to improve t

efficiency of HAMP, by introducing: a streamlined documentation process, including standardization of forms, redu
Monthly 105(a) Report 

servicer-to-borrower response guidelines, and electronic signature acceptance for modification documents; enh

language translations for HAMP information and document summaries; and other web tools for borrowers. 

• In December 2009, Treasury conducted a nationwide mortgage modification conversion campaign to ensure 

reasonable effort to convert eligible borrowers from a trial to a permanent modification. The conversion campaign the seven largest servicers by Treasury and Fannie Mae staff, and daily loan-level conversion reporting through tconversion campaign resulted in a significant increase in the number of borrowers offered permanent modificaconsiderable improvements in the implementation and operation of modification processes going forward. 

• In January 2010, MHA released updated guidance for servicer documentation requirements in order to expedit

modifications to permanent status. This guidance also implemented an important program improvement for future 

servicers to fully validate borrower financial information before offering a trial plan. In addition, servicers are allowcircumstances to retrieve documentation from applicants, notify applicants of any missing documents, and 

applications. Information on this supplemental directive can be found at http://www.FinancialStability.gov/ latest/pr_

Compliance and second look • The HAMP Compliance Program is designed to ensure that servicers satisfy their obligations under HAMP requir

well-controlled program that assists as many deserving homeowners as possible to retain their homes while taking 

fraud, waste and abuse. Freddie Mac acts as Treasury’s Compliance Agent for HAMP through MHA-C, which division that conducts these compliance activities. Treasury works closely with MHA-C to design and refine thconducts quality assessments of the activities performed by MHA-C. 

• MHA-C conducts four major activities through the Compliance Program: (1) on-site reviews of the servicers’ interna

loan file reviews, which includes a process known as “second look;” (3) net present value (NPV) testing and as

testing servicers’ proprietary systems to determine if HAMP NPV requirements were appropriately implemented; antargeted reviews on one or more specific processes or types of reviews listed above based on compliance trcompliance activities results. 

• Following these reviews, MHA-C provides Treasury with assessments of each servicer’s compliance with HAMP 

Treasury will implement remedies for non-compliance. These remedies may include withholding or reducing incerequiring repayments of prior incentive payments made to servicers with respect to affected loans, or requiring addi

Details on the Home Affordable Modification Program are available at http://www.FinancialStability.gov/roadtostability/h

http://www.makinghomeaffordable.gov. 
Monthly 105(a) Report 

What is the Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets (HFA Hardest-Hit FuIn February 2010, the Administration announced funding for innovative measures to help families in the states that 

aftermath of the burst of the housing bubble. • $1.5 billion of investment authority under EESA will be available to work with state Housing Finance Agenc

assistance to local needs. 

• California, Florida, Arizona, Michigan, and Nevada, states where house prices have fallen more than 20% from t

funding. Funds will be allocated among eligible states according to a formula based on home price declines and un

• HFAs must submit program designs to Treasury so that Treasury can evaluate the program’s compliance with EE

program designs will be posted online.  Some of the possible types of transactions that would be acceptable under EESA are: mortgage modifications

principal forbearance; short sales and deeds-in-lieu of foreclosure; incentives to provide principal reduction fotheir home is now worth (negative equity); measures for unemployed homeowners to help them avoid pprograms that provide incentives to reduce or modify second liens. 

• To receive funding, programs must satisfy the requirements for funding under EESA. These requirements inclu

must be an eligible financial institution and that the funds must be used to pay for programs designed to prevenother permitted uses under EESA. 

• On March 5, 2010, Treasury announced the allocations of funds among the states and published guidelines for HFA 

forth below is a summary of the methodology used to determine calculations: 

Housing price

decline from

peak

Ratio relative

to largest

decline

December

2009

unemployment

rate

Ratio relative

to highest

unemployment

rate

Sum of ratios

(State's

weight)

Number of

delinquentloans in Q4

2009

Weighted

number of

delinquent

loans

Weighted

share of

delinquent

loans in these

states

Al

(

Nevada ‐49.9% 1.00 13.0% 0.89 1.9 62,622 118,382 6.9% $

California ‐38.9% 0.78 12.4% 0.85 1.6 494,640 805,978 46.6% $

Florida ‐37.4% 0.75 11.8% 0.81 1.6 309,022 481,558 27.9% $

Arizona ‐36.8% 0.74 9.1% 0.62 1.4 105,853 144,073 8.3% $

Michigan ‐24.1% 0.48 14.6% 1.00 1.5 120,030 178,000 10.3% $

Total $1

Housing Price Decline Unemployment
Monthly 105(a) Report 

Office of the Special Master for TARP - Executive Compensation

What is the scope of the Special Master's review? • In June 2009, Treasury published the Interim Final Rule (the “Rule”) on executive compensation, promulgated und

the American Recovery and Reinvestment Act of 2009. The Rule contains distinct requirements for recipients of 

programs, including CPP participants and recipients of exceptional assistance. The exceptional assistance recfollowing firms: AIG, Chrysler, Chrysler Financial, GM and GMAC. Bank of America and Citigroup ceased t

recipients upon their respective repayments of TARP obligations arising from exceptional assistance programs in D

• The Rule also provided the Special Master with specific powers designed to ensure that executive pay at these 

value creation and financial stability. These include:  Review of Payments: For recipients of exceptional assistance, the Special Master is required to review 

structures, including payments made pursuant to those structures, for the senior executive officers and 20 nex(“Top 25”); 

 Review of Structures: For each exceptional assistance recipient, the Special Master is required to review 

structures for all executive officers and the 100 most highly compensated employees (Covered 26 – 100); 

 Interpretation: The Special Master has interpretive authority over the executive compensation provisions of 

Rule. Accordingly, the Special Master will make all determinations as to the application of those provisions to p

 Prior Payments: The Special Master is required to review any bonuses, retention awards, and other compensa

419 TARP participants that received financial assistance prior to February 17, 2009, to determine whether the ppublic interest. If the payment is determined to be contrary to the public interest, the Special Master will be rreimbursements of such payments. 

• The Rule also requires that the compensation committee, CEO, and CFO, of each TARP recipient provide certain 

respect to compliance with the Rule. These certifications are due within 90 days (in the case of the CEO and CFO the case of the compensation committee) of the completion of the TARP recipient’s fiscal year. 

• In addition to the executive compensation requirements, all TARP recipients were required to adopt a luxury expe

the requirements of the Rule, provide the policy to Treasury, and post the policy on their Internet website, in each publication of the Rule (or, if later, 90 days following the closing date of the agreement between the TARP recpolicies are generally required to address expenses including entertainment or other events, office and facility reno

transportation services. 
Monthly 105(a) Report 

Determinations for the Top 25 Employees • On October 22, 2009, the Special Master for TARP Executive Compensation, Kenneth R. Feinberg, rele

compensation packages for the five senior executive officers and the next 20 most highly compensated employees then exceptional assistance recipients. The Office of the Special Master generally rejected the companies’ initiaexecutives and approved a modified set of compensation structures with the following features:  Cash salaries generally no greater than $500,000, with the remainder of compensation in equity.  Most equity compensation paid as vested “stock salary,” which executives must hold until 2011, after which 

equal, annual installments (subject to acceleration on the company’s repayment of federal assistance). 

 Annual incentives payable in “long-term restricted stock,” which is forfeited unless the employee provides thr

granted, in amounts determined based on objective performance criteria. Actual payment of the restricted stocrepayment of TARP funds (in 25% installments). 

 $25,000 limit on perquisites and “other” compensation, absent special justification.  No further accruals or company contributions to executive pension and retirement programs. 

Determinations for the Covered Employees 26 - 100 • On December 11, 2009, the Special Master issued determinations on the compensation structures for Covered 2

rulings, which addressed specific amounts payable to Top 25 executives, Treasury regulations require the Specompensation structures for Covered 26 – 100. These determinations covered four companies: AIG, Citigroup, G

Chrysler Financial were (with the exception of one employee) exempt from the Special Master’s review during this their executives does not exceed the $500,000 “safe harbor” limitation in Treasury's compensation regulations. ABank of America’s repayment of its TARP obligations, its Covered 26–100 were no longer subject to the Special Ma

• The compensation structures approved by the Special Master for the Covered 26 –100 groups have the following g

 Short-term cash compensation is restricted. Cash salaries are generally limited to $500,000 other than for ex

cash limited in most cases to 45% of total compensation in cash. All other pay must be in company stock; 

 Incentive compensation without real achievement of performance is forbidden. Total incentives are limite

payments may be made only if objective goals are achieved, and all such payments must be subject to “clawba

 Compensation structures must have a long-term focus. In most cases, at least 50 percent of total compens

years, at least 50 percent of incentive pay must be granted in long-term stock, and any cash incentives must byears—single, lump-sum cash bonuses are not permitted; and 
Monthly 105(a) Report 

 Pay practices that are not aligned with shareholder and taxpayer interests, such as golden parachutes, suppl

benefits, excessive perquisites and tax gross-ups are frozen or forbidden. 

• In addition to determinations for Covered 26 –100, the Special Master issued several supplemental determina

determinations approving pay packages for the new chief executive officer of GMAC and the new chief finanpackages approved by the Special Master for the newly hired executives generally conform to the principles adeterminations. All the Special Master’s determinations are available at the website identified below. 

Effects of TARP Repayment • Prior to the Special Master’s issuance of determinations for the Covered Employee 26–100 groups, Bank o

obligations. As a result, the compensation structures for Bank of America’s Covered Employees 26–100 were no Master’s review, and no determination in that regard was issued. Payments to Bank of America’s “top 25” rerepayment, however, remain subject to the Special Master’s October determinations. With respect to its Top 25comply with the Rule and with the October determinations as if the repayment occurred on December 31, 2009. 

• After the Special Master issued determinations for the Covered Employee 26–100 groups, Citigroup repaid ce

ceased to be an "exceptional assistance recipient” for purposes of the Rule. As a result of the repayment, Sprequired for future compensation structures and payments to Citigroup executives. Payments and compensation 25 and Covered Employees 26–100 relating to service prior to the repayment, however, remain subject to the SDecember determinations, respectively. Citigroup agreed to comply with the October and December determinaissued by the Special Master with respect to Citigroup as if Citigroup were receiving exceptional assistance throuexecutive compensation restrictions that apply to TARP recipients that are not “exceptional assistance recipien

Citigroup until it extinguishes its remaining TARP obligations. 

Information regarding the determination letters and executive compensation is available at: 

http://www.FinancialStability.gov/about/executivecompensation.html. 

How Treasury Exercises Its Voting Rights

• Treasury is a shareholder in the new General Motors, the new Chrysler, GMAC and Citigroup. The Obama Admin

principles will guide Treasury’s management of financial interests in private firms. One such principle is that the U

not interfere with or exert control over day-to-day company operations and, in the event the government obtains owonly on key governance issues. These core principles also include Treasury's commitment to seek to dispose of its as practicable. Treasury will follow these principles in a manner consistent with the obligation to promote the financial system. 
Monthly 105(a) Report 

• Treasury does not participate in the day-to-day management of any company in which it has an investment nor 

director of any such company. Treasury’s investments have generally been in the form of non-voting securities 

preferred shares that Treasury holds in financial institutions under the Capital Purchase Program do not have vlimited circumstances, such as amendments to the charter of the company, or in the event dividends are not paid 

case Treasury has the right to elect two directors to the board. 

• Treasury has announced that it will follow the following principles in exercising its voting rights: (1) Treasury intend

only on certain matters consisting of the election or removal of directors; certain major corporate transactions substantially all assets, and dissolution; issuances of equity securities where shareholders are entitled to vote; anor bylaws; (2) on all other matters, Treasury will either abstain from voting or vote its shares in the same proportion other shares of the company's stock are voted. 

• For public companies such as Citigroup, Treasury has entered into an agreement in which these principles are set 

such as GM, GMAC and Chrysler, Treasury follows the principles voluntarily or as set forth in a stockholder agreem

reflected as terms following an initial public offering (IPO). 

• In the case of AIG: 

 The U.S. Treasury is the beneficiary of a trust created by the Federal Reserve Bank of New York (FRBNY). T

79.8% of the voting rights of the common stock. The FRBNY has appointed three independent trustees who stock and dispose of the stock with prior approval of FRBNY and after consultation with Treasury. The trust trustees cannot be employees of Treasury or the FRBNY. The trust exists for the benefit of the U.S. TreasurTreasury does not control the trust and it cannot direct the trustees. 

 Treasury owns preferred stock in AIG which does not have voting rights except in certain limited circumstances 

charter). Treasury has the right to appoint directors because AIG failed to pay dividends for four quarters on Treasury. On April 1, 2010, Treasury exercised its right to appoint two directors to the AIG board of directors. 
Monthly 105(a) Report March 2010

Appendix 2

Making Home Affordable Servicer Performance Report
Adm

EconHAMWatBorrCharModSeleServHAMHAMArea ModList o

Report Highlights InsNumber of Permanent Modifications Increases 45%• More than 170,000 permanent modifications have been granted to homeowners, who are 

guaranteed lower payments for five years.

• An additional 91,800 permanent modifications have been approved by servicers and are 

pending borrower acceptance.

Over One Million Borrowers in Active Trial and Permanent Modifications• More than 1.3 million homeowners have received offers for trial modifications, representing 34-

45% toward the goal of 3-4 million offers extended through 2012.

• More than 72,000 new trial modifications started in February; borrower savings begin with the 

first trial payment. Nearly 1.1 million trial modifications have begun under the program.

• Of the 1 million borrowers in active modifications, more than 168,000 borrowers are in active 

permanent modifications. 

• These homeowners’ lower monthly mortgage payments represent a cumulative savings of over 

$2.7 billion.

• Of modifications that have converted to permanent, 0.9% have been canceled. Of all 

modifications started, 8.2% have been canceled. 

Borrowers in Permanent Modifications Experience Real, LongTerm Savings in Monthly Housing Expenses• Borrowers in permanent modifications are saving a median of 36% of their before-modification 

payment; median savings is more than $500 each month.

• Qualified homeowners could reduce housing-related expenses from almost half of their gross 

income to less than one-third of their income. 

• Upon completing one year of on-time payments per program guidelines, borrowers are eligible 

to earn up to $1,000 to be applied to their outstanding mortgage balance.

HAMP Is One Piece of the Administration Initiatives to Promote Housing and Financial Stability (see Page 2)

Making Home Affordable Program

Servicer Performance Report Through February 2010
Making Home Affordable Program

Servicer Performance Report Through February 2010

Overview of Administration Housing Stability Initiativ

Initiatives to Support Access to Affordable Mortgage

Credit and Housing

Initiatives to Prevent 

Stabilize 

Lower Mortgage Rates and Access to Credit:

• Continued financial support to maintain affordable 

mortgage rates through the Government Sponsored Enterprises (GSEs)

• Interest rates remain near historic lows. Every 1% 

reduction in interest rate saves a new borrower a median of $1,500 annually in mortgage payments.

• Access to sustainable mortgages through the Federal 

Housing Administration (FHA).

State and Local Housing Initiatives:

• Access for Housing Finance Agencies to provide 

mortgages to first-time homebuyers, refinance opportunities for at-risk borrowers, and affordable rental housing. Over 90 HFAs across 45 states are participating.

Tax Credits for Housing:

• Homebuyer credit to help hundreds of thousands of 

American families buy new homes.

• Low-Income Housing Tax Credit (LIHTC) programs to 

support affordable rental housing, with total funding of $5 billion.

Making Home Affordable 

• Goal of offering 3-4 mill

payments through a mo

• Nearly 1.1 million home

modifications and over modifications have bee

• Homeowners in perman

median of over $500 peIn aggregate, homeownthrough trial and perma

Refinancing:

• Refinancing flexibility an

allowed over 4 million brefinance, saving an esaverage and more than 

Neighborhood Stabilizatio

Development Programs:

• Over $5 billion in Recov

hit communities to help 

• $1.5 billion HFA Innova

Housing Markets to supforeclosure prevention e
Mortgage Rates Housing Inventory

Home Prices New and Existing Hom

Note: Shaded areas indicate recessions.

Source: Federal Reserve. Source: National Association of Realtors.

Sources: S&P/Case-Shiller Home Price Index; LP/Haver Analytics; FHFA. Source: National Association of Realtors, C

Making Home Affordable Program

Servicer Performance Report Through February 2010

02468

101214161820

1975 1978 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008

Conventional 30‐year Fixed Rate

10‐year Treasury Rate

Percent

02468

101214

1999 2002 

Monthshomes a

Months

507090

110130150170190210230

1999 2002 2005 2008

Case/Shiller20‐city composite

FHFApurchase‐only

index

Index: Jan 2000 = 100

Loan PerformanceNational HomePrice Index

0

200400600800

1,0001,2001,4001,600

1999 2002 

Sales of e

(right ax

Thousands
Active Modifications (Trial and Permanent) 1,003,902

Active Trial Modifications 835,194Active Permanent Modifications 168,708Pending Permanent Modifications2 91,843

Trial Modifications Canceled 88,663Permanent Modifications Canceled3 1,499

Percentage to Goal of 3-4 Million Modification Offers4 34-45%

54,054

154,407

272,887

4

0

200,000400,000600,000800,000

1,000,0001,200,000

May and 

Prior

June July 

HAMP Trials Started(Cumulative, by Month) 

Home Affordable Modification Program (HAMP) Snapshot Program Inception Through February 20101

Permanent Modification(Cumulative, by Month)

Number of Trial Period Plan Offers Extended to Borrowers (Cumulative) 2 1,354,350

All HAMP Trials Started Since Program Inception 1,094,064Trials Converted to Permanent Modifications 170,207

1 As reported by the HAMP system of record.2 As reported by servicers. Pending permanent modifications have been approved by the servicer but have not yet been accepted by the borrower. While pending, modifications are reflected in the count of active trials.3 Includes 26 loans paid off. 4 In 2009, Treasury set a goal of offering help to 3-4 million borrowers through the end of 2012, as measured by trial 

plan offers extended to borrowers.

Additional information on HAMP can be found on MakingHomeAffordable.govBorrowers may call the Homeowner’s HOPE Hotline at 1-888-995-HOPE (4673). 

4,742

15,649

0

20000400006000080000

100000120000140000160000180000

September and 

Prior

October 

1 Includes trials converted to permanent and pendinSource: All trial modifications started by month first system of record.Source: HAMP system of record. 

Making Home Affordable Program

Servicer Performance Report Through February 2010

Home Affordable Modification Program (HAMP) Snapshot As of February 20101

1 As reported by the HAMP system of record except where noted.2 Source: Survey data provided by servicers.

32% of trials three months approved for permanent by 
5.2

4.4

3.6 3.4

2.6

2

6.0

01234567

1st Lien, 60+ Days

Delinquent

Less: Non‐

Participating HAMP

Servicer

Less: FHA or VA Less: Non‐Owner

Occupied at

Origination

Less: Jumbo Non‐

Conforming Loans

and Loans

Originated After

1/1/2009

Less: DTI Less Than

31%

Less: Ne

Loans (Millions)

Waterfall of HAMP-Eligible Borrowers

•Other exclusions include: no longer owner-occupied; investor’s pooling and servicing agreement precludes modification; and manufacturtitling/chattel issues that exclude them from HAMP.Sources: Fannie Mae; monthly survey of participating servicers for January 31, 2010. Total 60+ delinquent figure from 4th quarter 2009 M

Excluded loans are as reported by servicers by survey who have signed a servicer participation agreement for HAMP.

Making Home Affordable Program

Servicer Performance Report Through February 2010

Not all 60-day delinquent loans are eligible for HAMP. Other characteristics may preclude borrowestimates, of the 6.0 million borrowers who are currently 60 days delinquent, 1.8 million borrowe

represents a point-in-time snapshot of the delinquency population and estimated HAMP eligibility

will become eligible for HAMP from now through 2012.

HAMPEligible 60+ Day Delinquent Loans (GSE and SPA Servicers)

= Estimate
• Borrowers in active trial and permanent modifications 

have saved more than $2.7 billion through HAMP modifications.• The median savings for borrowers in permanent modifications is $518.88, or 36% of the median beforemodification payment. 

Interest Rate Reduction 100%Term Extension 40.8%Principal Forbearance 27.8%

Permanent Modifications by Modification Steps:

Predominant Hardship Rea

2.7%

10.8%

0% 2

Illness of Principal

Borrower

Excessive

Obligation

Loss of Income

Select Median Characteristics of Permanent Modifications

Loan Characteristic

Before 

Modification

After 

Modification

Median 

Decrease

Front-End Debt-to-Income Ratio1 45.0% 31.0% ‐14.2 pct pts

Back-End Debt-to-Income Ratio2 76.4% 59.8% ‐14.6 pct ptsMedian Monthly Payment3 $1,430.96 $837.86 ‐$518.88

1 Includes borrowers who are employed but ha

have lost their jobs.Note: Does not include 21.2% of permanent m

1 Ratio of housing expenses (principal, interest, taxes, insurance and homeowners 

association and/or condo fees) to monthly gross income. 

2 Ratio of total monthly debt payments (including mortgage principal and interest, taxes, 

insurance, homeowners association and/or condo fees, plus payments on installment debts, junior liens, alimony, car lease payments and investment property payments) to monthly gross income. Borrowers who have a back-end debt-to-income ratio of greater than 55% are required to seek housing counseling under program guidelines.

3 Principal and interest payment. 

1

Making Home Affordable Program

Servicer Performance Report Through February 2010

Modification Characteristics

Servicer Solicitation of Borrowesince program inception)1 

Page views on MHA.gov (Febru

Page views on MHA.gov (cumu

Selected Outreach Measure

1 Source: survey data provided by servic

solicit information from borrowers 60+ daHAMP modification. Through DecemberJanuary, solicitations totaled 3,595,637.
Servicer 

Estimated 

Eligible 60+ 

Day 

Delinquency1 

Trial Plan 

Offers 

Extended2

All HAMP 

Trials 

Started3

Active Trial 

Modifications3

Permanent 

Modifications3

Pending 

Permanent 

Modifications4

Active Trials + 

Permanents as 

Share of Eligible 

60+ Day 

Delinquencies

American Home Mortgage Servicing Inc 128,436 16,431 13,349 12,456 825 7,595 10%

Aurora Loan Services, LLC 79,039 46,015 40,000 19,118 8,433 1,503 35%

Bank of America, NA5 1,086,512 357,717 264,813 240,550 20,666 22,303 24%

Bank United 5,333 1,467 1,180 722 455 603 22%Bayview Loan Servicing, LLC 10,500 5,117 4,375 3,749 482 69 40%

Carrington Mortgage Services LLC 18,426 2,919 1,533 504 1,022 50 8%

CCO Mortgage 5,756 1,758 1,132 1,058 74 493 20%

CitiMortgage, Inc. 249,901 153,036 138,795 113,776 15,607 8,076 52%

GMAC Mortgage, Inc. 66,289 48,764 37,081 20,338 14,675 4,388 53%

Green Tree Servicing LLC 11,442 6,210 4,743 4,277 375 725 41%HomEq Servicing 41,779 4,064 2,020 1,217 712 234 5%J.P. Morgan Chase Bank, NA6 437,323 229,819 179,645 151,932 19,385 20,450 39%

Litton Loan Servicing LP 109,507 33,862 27,242 20,868 4,213 923 23%

Nationstar Mortgage LLC 48,885 25,896 19,046 10,039 3,984 919 29%

Ocwen Financial Corporation, Inc. 65,422 20,435 16,148 6,444 9,290 2,724 24%

OneWest Bank 111,955 52,549 35,503 27,668 5,057 5,596 29%

PNC Mortgage7 43,947 21,440 16,770 12,157 638 615 29%

Saxon Mortgage Services, Inc. 70,269 41,362 37,337 21,215 7,364 4,451 41%

Select Portfolio Servicing 62,041 53,733 33,812 17,205 9,641 1,478 43%

US Bank NA 30,226 11,189 8,461 5,267 3,086 1,115 28%

Wachovia Mortgage, FSB8 72,192 3,555 1,643 1,642 0 0 2%

Wells Fargo Bank, NA9 379,357 213,718 158,745 114,090 24,975 7,533 37%Other SPA servicers10 24,865 3,294 2,286 1,222 1,015 NA 9%

Other GSE Servicers11 279,546 NA 48,405 27,680 16,734 NA 16%

Total 3,438,948 1,354,350 1,094,064 835,194 168,708 91,843 29%

HAMP Modification Activity by Servicer 

1 Estimated eligible 60+ day delinquent mortgages as reported by servicers as of 

January 31, 2009 include conventional loans: 

 in foreclosure and bankruptcy. with a current unpaid principal balance less than $729,750 on a one-unit 

property, $934,200 on a two-unit property, $1,129,250 on a three-unit property and $1,403,400 on a four-unit property.

 on a property that was owner-occupied at origination. originated prior to January 1, 2009.

Estimated eligible 60+ day delinquent loans excludes: 

 FHA and VA loans. loans that are current or less than 60 days delinquent, which may be eligible for 

HAMP if a borrower is in imminent default.

For servicers enrolling after January 1 that did not participate in the 60+ day 

delinquency survey, the delinquency count is from the servicer registration form.

2 As reported in the weekly servicer survey through February 25, 2010.3 Active trial and permanent modifications as reported into the HAMP system of record 

by servicers. 

4 As reported by servicers. Pending permanent modifications have been approved by 

the servicer but have not yet been accepted by the borrower. While pending, modifications are reflected in the count of active trials. This metric will be reported through March 2010.

5 Bank of America, NA includes Bank of America, NA, BAC Home Loans Servicing LP, 

Home Loan Services and Wilshire Credit Corporation.

6 J.P. Morgan Chase Bank, NA includes EMC Mortgage Corporation.7 Formerly National City Bank.8 Wachovia Mortgage, FSB includes Pick-a-Payment and Wachovia Bank NA loans.9 Beginning this month, Wells Fargo Bank, NA includes a portion of the loans 

previously included in Wachovia Mortgage, FSB. 

10 Other SPA servicers are entities with less than 5,000 estimated eligible 60+ day 

delinquencies that have signed participation agreements with Treasury and Fannie Mae. A full list of participating servicers is in the Appendix.

11 Includes servicers of loans owned or guaranteed by Fannie Mae and Freddie Mac.

Wachov

HomE

Carringto

American Hom

CC

Bank Unit

Litt

Ocwe

Bank of Americ

US Ba

OneWe

Nations

PNC Mortga

Auro

Wells Farg

J.P. Morgan Chas

Bayvie

Green Tr

Saxo

Select Portfo

CitiMortgag

GMA

Active Eligib

Note: Includesame as the tDecember moJanuary modiFebruary mod

Making Home Affordable Program

Servicer Performance Report Through February 2010
HAMP Activity by 

Note: Includes active trial and permanent modifications from the official HAMP system of record.

Source: Mortgage Bankers Association. Data is latest available and is as of 4thQuarter 2009. Effective this month, data has been divided into five categories.

HAMP Activity by State

State

Active 

Trials

Permanent 

Modifications Total State

Active 

Trials

Permanent 

Modifications Total

AK 490 74 564 MT 1,132 198 1,330AL 5,922 1,061 6,983 NC 17,483 3,640 21,123

AR 2,384 458 2,842 ND 211 34 245AZ 40,000 9,763 49,763 NE 1,347 266 1,613

CA 170,227 35,379 205,606 NH 3,616 850 4,466CO 11,707 2,613 14,320 NJ 27,828 5,477 33,305CT 10,658 2,163 12,821 NM 3,057 559 3,616

DC 1,568 270 1,838 NV 21,553 4,900 26,453DE 2,699 580 3,279 NY 39,579 5,757 45,336

FL 102,033 21,111 123,144 OH 18,586 3,704 22,290

GA 33,180 6,468 39,648 OK 2,740 412 3,152

HI 2,991 620 3,611 OR 9,435 2,048 11,483IA 2,762 465 3,227 PA 19,458 3,487 22,945ID 3,313 709 4,022 RI 3,843 873 4,716IL 44,893 8,392 53,285 SC 9,097 1,737 10,834

IN 9,264 1,729 10,993 SD 407 67 474

KS 2,624 469 3,093 TN 9,397 1,943 11,340

KY 3,677 679 4,356 TX 29,886 3,763 33,649

LA 5,292 778 6,070 UT 7,099 1,623 8,722

MA 18,789 4,087 22,876 VA 20,384 4,760 25,144MD 27,282 5,799 33,081 VT 586 136 722ME 2,146 525 2,671 WA 16,292 3,590 19,882

MI 28,183 5,782 33,965 WI 8,344 1,751 10,095MN 14,959 3,769 18,728 WV 1,456 273 1,729

MO 10,628 1,901 12,529 WY 449 96 545

MS 3,371 679 4,050 Other* 887 441 1,328

* Includes Guam, Puerto Rico and the U.S. Virgin Islands.

Making Home Affordable Program

Servicer Performance Report Through February 2010

Mortgage Delinqu

60+ 
Servicer 

Bank of America, NA1 

JP Morgan Chase NA2 

Wells Fargo Bank, NA 3 

CitiMortgage, Inc. GMAC Mortgage, Inc. 

OneWest Bank Saxon Mortgage Services Inc. 

Aurora Loan Services, LLC 

Select Portfolio Servicing Litton Loan Servicing LP 

Ocwen Financial Corporation, InNationstar Mortgage LLC American Home Mortgage Servicing Inc 

PNC Mortgage4 

US Bank NA Green Tree Servicing LLC 

Bayview Loan Servicing, LLC 

HomEq Servicing Wachovia Mortgage, FSB5 

Carrington Mortgage Services LLRemainder of HAMP Servicers 

Total 

HAMP Modifications by 

1 Bank of America, NA includes Bank of America

Wilshire Credit Corporation.

2 J.P. Morgan Chase Bank, NA includes EMC Mo3 Effective this month, Wells Fargo Bank, NA incl

Mortgage, FSB. 3 Formerly National City Bank.

5 Wachovia Mortgage, FSB includes Wachovia MNote: Figures reflect active trials and perm

15 Metropolitan Areas With Highest HAMP Activity

Metropolitan Statistical Area

Active

Trials

Permanent

Modifications

Total 

HAMP 

Activity

% of All 

HAMP 

Activity

New York-Northern New JerseyLong Island, NY-NJ-PA 52,375 8,660 61,035 6.1%

Los Angeles-Long Beach-Santa Ana, CA 50,224 9,414 59,638 5.9%Chicago-Naperville-Joliet, IL-IN-WI 43,215 8,086 51,301 5.1%Miami-Fort Lauderdale-PompanoBeach, FL 39,585 7,532 47,117 4.7%Riverside-San Bernardino-Ontario, CA 38,179 8,918 47,097 4.7%Phoenix-Mesa-Scottsdale, AZ 32,768 8,118 40,886 4.1%Washington-Arlington-Alexandria, DC-VA-MD-WV 28,621 6,193 34,814 3.5%Atlanta-Sandy Springs-Marietta, GA 26,719 5,276 31,995 3.2%Las Vegas-Paradise, NV 17,964 3,944 21,908 2.2%

Detroit-Warren-Livonia, MI 17,729 3,386 21,115 2.1%

Orlando-Kissimmee, FL 16,248 3,535 19,783 2.0%Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 14,805 2,796 17,601 1.8%Boston-Cambridge-Quincy, MA-NH 13,272 2,925 16,197 1.6%Tampa-St. Petersburg-Clearwater, FL 12,848 2,729 15,577 1.6%Sacramento-Arden-ArcadeRoseville, CA 12,450 2,921 15,371 1.5%

A complete list of HAMP activity for all MSAs is available athttp://makinghomeaffordable.gov/docs/MSA%20Data%20February.pdf

Making Home Affordable Program

Servicer Performance Report Through February 2010
Appendix: Non-GSE Participants in HAMP

Making Home Affordable Program

Servicer Performance Report Through February 2010

Allstate Mortgage Loans & Investments, Inc.

American Eagle Federal Credit Union

American Home Mortgage Servicing, Inc

AMS Servicing, LLCAurora Loan Services, LLC

Bank of America, N.A.1

Bank United

Bay Federal Credit Union

Bay Gulf Credit Union

Bayview Loan Servicing, LLCCarrington Mortgage Services, LLC

CCO MortgageCentral Florida Educators Federal Credit Union

Central Jersey Federal Credit Union

Chase Home Finance, LLCCitiMortgage, Inc.

Citizens 1st National Bank

Citizens First Wholesale Mortgage CompanyCommunity Bank & Trust Company

CUC Mortgage Corporation

Digital Federal Credit Union

DuPage Credit Union

Eaton National Bank & Trust Co

Farmers State Bank

Fidelity Homestead Savings Bank

First BankFirst Federal Savings and Loan

First Federal Savings and Loan Assn. of Lakewood

First Keystone BankFirst National Bank of Grant Park

Franklin Credit Management Corporation

Fresno County Federal Credit Union

Glass City Federal Credit Union

Glenview State BankGMAC Mortgage, Inc.Golden Plains Credit Union

Grafton Suburban Credit UnionGreat Lakes Credit UnionGreater Nevada Mortgage Services

Green Tree Servicing LLC

Harleysville National Bank & Trust Company

Hartford Savings Bank

Hillsdale County National Bank

Home Financing Center, Inc

HomEq ServicingHomeStar Bank & Financial Services

Horicon Bank

Horizon Bank, NA

IberiabankIBM Southeast Employees' Federal Credit Union

IC Federal Credit Union

Idaho Housing and Finance Association

iServe Residential Lending LLC

J.P.Morgan Chase Bank, NA2

Lake City BankLake National BankLitton Loan ServicingLos Alamos National Bank

Marix Servicing, LLCMembers Mortgage Company, Inc

Metropolitan National Bank

Mission Federal Credit Union

MorEquity, Inc.

Mortgage Center, LLC

Mortgage Clearing Corporation

National City BankNationstar Mortgage LLCOakland Municipal Credit Union

Ocwen Financial Corporation, Inc.

OneWest BankORNL Federal Credit Union

Park View Federal Savings Bank

Penny

PNC BPurdu

QLendQuantReside

RG Mo

Roebli

Round

Saxon 

Schoo

SEFCUSelect Servis 

ShoreSilver 

Sound 

SpeciaSpirit Stanfo

Sterlin

Techn

Tempe 

The Br

The G

U.S. B

United United 

VantiuVerity 

Wacho

Wells 

WescoYadkin 

1 Bank of America, NA includes Bank of America, NA, BAC Home Loans Servicing 

LP, Home Loan Services and Wilshire Credit Corporation.

2 J.P. Morgan Chase Bank, NA includes EMC Mortgage Corporation. 3 Wachovia Mortgage FSB includes Wachovia Bank NA. 
Monthly 105(a) Report 

Appendix 3 

Financial Statement
Budget

Object Class 

(BOC) Budget Object Class Title Obligations Expenditures

Pro

Obli

PERSONNEL SERVICES 1100 & 1200 PERSONNEL COMPENSATION & BENEFITS 29,595,486 $ 29,126,778 $ 

$ 

PERSONNEL SERVICES Total: 29,595,486 $ 29,126,778 $ 

$ 

2100 TRAVEL & TRANSPORTATION OF PERSONS 573,418 $ 531,878 $ 

$ 

2200 TRANSPORTATION OF THINGS 11,960 11,960 

 

2300 RENTS, COMMUNICATIONS, UTILITIES & MISC CHARGES 669,885 545,485 

 

2400 PRINTING & REPRODUCTION 395 395 

 

2500 OTHER SERVICES 91,165,716 62,011,503 

 

2600 SUPPLIES AND MATERIALS 349,899 341,435 

 

3100 EQUIPMENT 232,054 222,675 

 

3200 LAND & STRUCTURES - - 

 

4300 INTEREST & DIVIDENDS 13 13 

 

NON-PERSONNEL SERVICES Total: 93,003,340 $ 63,665,344 $ 

$ 

GRAND TOTAL: $122,598,826 92,792,122 12

$ 

For Period Ending 

March 31, 2010 

NON-PERSONNEL SERVICES

United States Department of Treasury

Office of Financial Stability

Troubled Asset Relief Program

Report of Administrative Obligations and Expenditures [Section 105(a)(2)]

$,, , , $ 
U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

Agreements Under TARP [Section 105(a)(3)(A)]

For Period Ending March 31, 2010

Date

Approved Type of 

or Renewed Transaction Vendor Purpose

10/10/2008 BPA Simpson, Thacher & Bartlett Legal Services

10/11/2008 BPA EnnisKnupp Investment and Advisory Services

10/14/2008 Financial Agent Bank of New York Mellon Custodian and Cash Management

10/16/2008 BPA PricewaterhouseCoopers Internal Control Services

10/18/2008 BPA Ernst & Young Accounting Services

10/23/2008 IAA GSA - Turner Consulting* Archiving Services

10/29/2008 BPA Hughes Hubbard & Reed Legal Services

10/29/2008 BPA Squire Sanders & Dempsey Legal Services

10/31/2008 Contract Lindholm & Associates* Human Resources Services

11/7/2008 BPA Thacher Proffitt & Wood** Legal Services

11/14/2008 IAA Securities and Exchange Commission Detailees

11/14/2008 Procurement CSC Systems and Solutions IT Services

12/3/2008 IAA Trade and Tax Bureau - Treasury IT Services

12/5/2008 IAA Department of Housing and Urban Development Detailees

12/5/2008 Procurement Washington Post Vacancy Announcement

12/10/2008 BPA Thacher Proffitt & Wood** Legal Services

12/12/2008 IAA Pension Benefit Guaranty Corp. Legal Services

12/15/2008 IAA Office of Thrift Supervision Detailees

12/24/2008 Procurement Cushman and Wakefield of VA, Inc. Painting

1/6/2009 IAA Office of the Controller of the Currency Detailees

1/6/2009 IAA State Department Detailees

1/7/2009 Procurement Colonial Parking Parking 

1/9/2009 IAA Internal Revenue Service Detailees

1/27/2009 BPA Cadwalader Wickersham & Taft, LLP Legal Services

1/27/2009 Procurement Whitaker Brothers Bus. Machines* Office Machines

2/2/2009 IAA Government Accountability Office Oversight

2/9/2009 Contract Pat Taylor and Associates, Inc* Temporary Employee Services

2/12/2009 Contract Locke Lord Bissell & Lidell LLP Legal Services

2/18/2009 Financial Agent Freddie Mac Homeownership Program

2/18/2009 Financial Agent Fannie Mae Homeownership Program

2/20/2009 IAA Congressional Oversight Panel Oversight

2/20/2009 Contract Simpson, Thacher & Bartlett Legal Services

2/22/2009 Contract Venable LLP Legal Services

3/6/2009 Contract Boston Consulting Group Management Consulting Support

3/16/2009 Financial Agent EARNEST Partners Asset Management Services

3/23/2009 Procurement Heery International Inc. Architects

3/30/2009 Contract McKee Nelson, LLP*** Legal Services

3/30/2009 Contract Sonnenschein Nath & Rosenthal Legal Services 

3/30/2009 Contract Cadwalader Wickersham & Taft, LLP Legal Services 

3/30/2009 Contract Haynes and Boone LLP Legal Services

3/31/2009 3/31/2009 BPA FI C lti * FI Consulting* Modeling and Analysis

4/3/2009 Procurement American Furniture Rentals* Office Furniture 

4/17/2009 Procurement Herman Miller Office Furniture 

4/17/2009 IAA Bureau of Printing and Engraving Detailee

4/21/2009 Financial Agent AllianceBernstein Asset Management Services

4/21/2009 Financial Agent FSI Group Asset Management Services

4/21/2009 Financial Agent Piedmont Investment Advisors Asset Management Services

5/4/2009 IAA Federal Reserve Detailee

5/14/2009 Contract Phacil* FOIA Services

5/14/2009 IAA Department of Treasury - US Mint Administrative Support

5/22/2009 IAA Department of Justice - ATF Detailee

5/26/2009 Contract Anderson, McCoy & Orta, LLP* Legal Services

5/26/2009 Contract Simpson, Thacher & Bartlett Legal Services

6/5/2009 Contract Department of Treasury - Internal Revenue Service Administrative Support

6/8/2009 IAA Department of Treasury - Financial Management Service Administrative Support

6/29/2009 IAA Department of Interior Administrative Support

7/15/2009 Contract Judicial Watch Legal Advisory

7/17/2009 Contract Korn Ferry International Administrative Support

7/30/2009 Contract Cadwalader Wickersham & Taft, LLP Legal Advisory

7/30/2009 Contract Debevoise & Plimpton, LLP Legal Advisory

7/30/2009 Contract Fox Hefter Swibel Levin & Carol, LLP Legal Advisory

8/11/2009 IAA NASA Detailee

8/18/2009 Contract Mercer, Inc. Administrative Support

9/2/2009 Contract Knowledge Mosaic Inc.* Administrative Support

9/10/2009 Contract Equilar, Inc.* Administrative Support

9/14/2009 Contract PricewaterhouseCoopers Asset Management Services

9/30/2009 Contract SNL Financial LC Financial Advisory

12/8/2009 BPA Anderson, McCoy & Orta, LLP* Legal Services

12/22/2009 Financial Agent Avondale Investments, LLC* Financial Advisory

12/22/2009 Financial Agent Bell Rock Capital, LLC* Financial Advisory

12/22/2009 Financial Agent Howe Barnes Hoefer and Arnett, Inc. Financial Advisory

12/22/2009 Financial Agent KBW Asset Management, Inc. Financial Advisory

12/22/2009 Financial Agent Lombardia Capital Partners, LLC* Financial Advisory

12/22/2009 Financial Agent Paradigm Asset Management, LLC* Financial Advisory

1/4/2010 IAA Federal Maritime Commission Detailee

1/15/2010 Contract Association of Government Accountants Administrative Support

1/29/2010 Contract NNA Inc. Administrative Support

2/16/2010 Contract The MITRE Corporation Administrative Support

* Small or Women-, or Minority-Owned Small Business

**Contract responsibilities assumed by Sonnenschein Nath & Rosenthal via novation.

***Contract responsibilities assumed by Bingham McCutchen, LLP via novation.
U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending March 31, 2010

Name Amount

Termination of the $5,000,000,000 Master Agreement 

between Citigroup and the UST, and FDIC occurred on 

December 23, 2009 due to the improvement of Citigroup's 

financial condition and financial market stability. 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

1b 10/28/2008 Bank of America Corporation Charlotte NC Preferred Stock w/ Warrants 15,000,000,000 $ Par 12/9/2009 

10/28/2008 The Bank of New York Mellon Corporation New York NY Preferred Stock w/ Warrants 3,000,000,000 $ Par 6/17/2009 

11 10/28/2008 Citigroup Inc. New York NY Common Stock w/ Warrants 25,000,000,000 $ Par 

10/28/2008 The Goldman Sachs Group, Inc. New York NY Preferred Stock w/ Warrants 10,000,000,000 $ Par 6/17/2009 

10/28/2008 JPMorgan Chase & Co. New York NY Preferred Stock w/ Warrants 25,000,000,000 $ Par 6/17/2009 

10/28/2008 Morgan Stanley New York NY Preferred Stock w/ Warrants 10,000,000,000 $ Par 6/17/2009 

10/28/2008 State Street Corporation Boston MA Preferred Stock w/ Warrants 2,000,000,000 $ Par 6/17/2009 

10/28/2008 Wells Fargo & Company San Francisco CA Preferred Stock w/ Warrants 25,000,000,000 $ Par 12/23/2009 

11/14/2008 Bank of Commerce Holdings Redding CA Preferred Stock w/ Warrants 17,000,000 $ Par 

11/14/2008 1st FS Corporation Hendersonville NC Preferred Stock w/ Warrants 16,369,000 $ Par 

14 11/14/2008 UCBH Holdings, Inc. San Francisco CA Preferred Stock w/ Warrants 298,737,000 $ Par 

11/14/2008 Northern Trust Corporation Chicago IL Preferred Stock w/ Warrants 1,576,000,000 $ Par 6/17/2009 

Capital 

Repayment Dat

Footnote Purchase Date 

Seller Purchase Details Capital R

For Period Ending March 31, 2010

CAPITAL PURCHASE PROGRAM

Transactions Report [Section 105(3)(C, D, G)]

U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

11/14/2008 SunTrust Banks, Inc. Atlanta GA Preferred Stock w/ Warrants 3,500,000,000 $ Par 

3a - 

11/24/2009 11/14/2008 Broadway Financial Corporation Los Angeles CA Preferred Stock 9,000,000 $ Par 

11/14/2008 Washington Federal, Inc. Seattle WA Preferred Stock w/ Warrants 200,000,000 $ Par 5/27/2009 

11/14/2008 BB&T Corp. Winston-Salem NC Preferred Stock w/ Warrants 3,133,640,000 $ Par 6/17/2009 

11/14/2008

M&T Bank Corporation (Provident Bancshares Corp.) Baltimore MD Preferred Stock w/ Warrants 151,500,000 $ Par 

11/14/2008 Umpqua Holdings Corp. Portland OR Preferred Stock w/ Warrants 214,181,000 $ Par 2/17/2010 

11/14/2008 Comerica Inc. Dallas TX Preferred Stock w/ Warrants 2,250,000,000 $ Par 3/17/2010 

11/14/2008 Regions Financial Corporation Birmingham AL Preferred Stock w/ Warrants 3,500,000,000 $ Par 11/14/2008 Capital One Financial Corporation McLean VA Preferred Stock w/ Warrants 3,555,199,000 $ Par 6/17/2009 11/14/2008 First Horizon National Corporation Memphis TN Preferred Stock w/ Warrants 866,540,000 $ Par 11/14/2008 Huntington Bancshares Columbus OH Preferred Stock w/ Warrants 1,398,071,000 $ Par 11/14/2008 KeyCorp Cleveland OH Preferred Stock w/ Warrants 2,500,000,000 $ Par 

6/3/2009 

9/23/2009 

12/23/2009 

11/14/2008 Zions Bancorporation Salt Lake City UT Preferred Stock w/ Warrants 1,400,000,000 $ Par 11/14/2008 Marshall & Ilsley Corporation Milwaukee WI Preferred Stock w/ Warrants 1,715,000,000 $ Par 11/14/2008 U.S. Bancorp Minneapolis MN Preferred Stock w/ Warrants 6,599,000,000 $ Par 6/17/2009 11/14/2008 TCF Financial Corporation Wayzata MN Preferred Stock w/ Warrants 361,172,000 $ Par 4/22/2009 

11/21/2008 First Niagara Financial Group Lockport NY Preferred Stock w/ Warrants 184,011,000 $ Par 5/27/2009 

11/21/2008 HF Financial Corp. Sioux Falls SD Preferred Stock w/ Warrants 25,000,000 $ Par 6/3/2009 

11/21/2008 Centerstate Banks of Florida Inc. Davenport FL Preferred Stock w/ Warrants 27,875,000 $ Par 9/30/2009 

12/30/2009 

Par 

11/21/2008 City National Corporation Beverly Hills CA Preferred Stock w/ Warrants 400,000,000 $ Par 11/14/2008 Valley National Bancorp Wayne NJ Preferred Stock w/ Warrants 300,000,000 $ 

3/3/2010 

11/21/2008 First Community Bankshares Inc. Bluefield VA Preferred Stock w/ Warrants 41,500,000 $ Par 7/8/2009 

11/21/2008 Western Alliance Bancorporation Las Vegas NV Preferred Stock w/ Warrants 140,000,000 $ Par 

11/21/2008 Webster Financial Corporation Waterbury CT Preferred Stock w/ Warrants 400,000,000 $ Par 3/3/2010 

11/21/2008 Pacific Capital Bancorp Santa Barbara CA Preferred Stock w/ Warrants 180,634,000 $ Par 

11/21/2008 Heritage Commerce Corp. San Jose CA Preferred Stock w/ Warrants 40,000,000 $ Par 

11/21/2008 Ameris Bancorp Moultrie GA Preferred Stock w/ Warrants 52,000,000 $ Par 11/21/2008 Porter Bancorp Inc. Louisville KY Preferred Stock w/ Warrants 35,000,000 $ Par 11/21/2008 Banner Corporation Walla Walla WA Preferred Stock w/ Warrants 124,000,000 $ Par 11/21/2008 Cascade Financial Corporation Everett WA Preferred Stock w/ Warrants 38,970,000 $ Par 11/21/2008 Columbia Banking System, Inc. Tacoma WA Preferred Stock w/ Warrants 76,898,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment Dat

Footnote Purchase Date 

Seller Purchase Details Capital R

11/21/2008 Heritage Financial Corporation Olympia WA Preferred Stock w/ Warrants 24,000,000 $ Par 11/21/2008 First PacTrust Bancorp, Inc. Chula Vista CA Preferred Stock w/ Warrants 19,300,000 $ Par 

11/21/2008 Severn Bancorp, Inc. Annapolis MD Preferred Stock w/ Warrants 23,393,000 $ Par 11/21/2008 Boston Private Financial Holdings, Inc. Boston MA Preferred Stock w/ Warrants 154,000,000 $ Par 1/13/2010 

11/21/2008 Associated Banc-Corp Green Bay WI Preferred Stock w/ Warrants 525,000,000 $ Par 11/21/2008 Trustmark Corporation Jackson MS Preferred Stock w/ Warrants 215,000,000 $ Par 12/9/2009 

11/21/2008 First Community Corporation Lexington SC Preferred Stock w/ Warrants 11,350,000 $ Par 

11/21/2008 Taylor Capital Group Rosemont IL Preferred Stock w/ Warrants 104,823,000 $ Par 

11/21/2008 Nara Bancorp, Inc. Los Angeles CA Preferred Stock w/ Warrants 67,000,000 $ Par 

20 12/5/2008 Midwest Banc Holdings, Inc. Melrose Park IL Mandatory Convertible Preferred Stock w/ Warrants $ Par 89,388,000

12/5/2008 MB Financial Inc. Chicago IL Preferred Stock w/ Warrants 196,000,000 $ Par 

12/5/2008 First Midwest Bancorp, Inc. Itasca IL Preferred Stock w/ Warrants 193,000,000 $ Par 

12/5/2008 United Community Banks, Inc. Blairsville GA Preferred Stock w/ Warrants 180,000,000 $ Par 

12/5/2008 WesBanco, Inc. Wheeling WV Preferred Stock w/ Warrants 75,000,000 $ Par 9/9/2009 

12/5/2008 Encore Bancshares Inc. Houston TX Preferred Stock w/ Warrants 34,000,000 $ Par 

12/5/2008 Manhattan Bancorp El Segundo CA Preferred Stock w/ Warrants 1,700,000 $ Par 9/16/2009 

12/5/2008 Iberiabank Corporation Lafayette LA Preferred Stock w/ Warrants 90,000,000 $ Par 3/31/2009 

12/5/2008 Eagle Bancorp, Inc. Bethesda MD Preferred Stock w/ Warrants 38,235,000 $ Par 12/23/2009 

12/5/2008 Sandy Spring Bancorp, Inc. Olney MD Preferred Stock w/ Warrants 83,094,000 $ Par 

12/5/2008 12/5/2008 Coastal Banking Company, Inc. Coastal Banking Company, Inc. Fernandina Beach Fernandina Beach FL Preferred Stock w/ Warrants Preferred Stock w/ Warrants $ 9,950,000 9,950,000 Par

12/5/2008 East West Bancorp Pasadena CA Preferred Stock w/ Warrants 306,546,000 $ Par 12/5/2008 South Financial Group, Inc. Greenville SC Preferred Stock w/ Warrants 347,000,000 $ Par 12/5/2008 Great Southern Bancorp Springfield MO Preferred Stock w/ Warrants 58,000,000 $ Par 

12/5/2008 Cathay General Bancorp Los Angeles CA Preferred Stock w/ Warrants 258,000,000 $ Par 12/5/2008 Southern Community Financial Corp. Winston-Salem NC Preferred Stock w/ Warrants 42,750,000 $ Par 

8/26/2009 

9/2/2009 

12/5/2008 First Defiance Financial Corp. Defiance OH Preferred Stock w/ Warrants 37,000,000 $ Par 

12/5/2008 First Financial Holdings Inc. Charleston SC Preferred Stock w/ Warrants 65,000,000 $ Par 

17 12/5/2008 Superior Bancorp Inc. Birmingham AL Trust Preferred Securities w/ Warrants 69,000,000 $ Par 

12/5/2008 Southwest Bancorp, Inc. Stillwater OK Preferred Stock w/ Warrants 70,000,000 $ Par 

12 12/5/2008 Popular, Inc. San Juan PR Trust Preferred Securities w/ Warrants 935,000,000 $ Par 

12/5/2008 Blue Valley Ban Corp Overland Park KS Preferred Stock w/ Warrants 21,750,000 $ Par 

12/5/2008 Central Federal Corporation Fairlawn OH Preferred Stock w/ Warrants 7,225,000 $ Par 

12/5/2008 Bank of Marin Bancorp Novato CA Preferred Stock w/ Warrants 28,000,000 $ Par 3/31/2009 

12/5/2008 BNC Bancorp Thomasville NC Preferred Stock w/ Warrants 31,260,000 $ Par 

12/5/2008 Central Bancorp, Inc. Somerville MA Preferred Stock w/ Warrants 10,000,000 $ Par 

12/5/2008 Southern Missouri Bancorp, Inc. Poplar Bluff MO Preferred Stock w/ Warrants 9,550,000 $ Par 

12/5/2008 State Bancorp, Inc. Jericho NY Preferred Stock w/ Warrants 36,842,000 $ Par 

12/5/2008 TIB Financial Corp Naples FL Preferred Stock w/ Warrants 37,000,000 $ Par 

12/5/2008 Unity Bancorp, Inc. Clinton NJ Preferred Stock w/ Warrants 20,649,000 $ Par 

12/5/2008 Old Line Bancshares, Inc. Bowie MD Preferred Stock w/ Warrants 7,000,000 $ Par 7/15/2009 

12/5/2008 FPB Bancorp, Inc. Port St. Lucie FL Preferred Stock w/ Warrants 5,800,000 $ Par 

12/5/2008 Sterling Financial Corporation Spokane WA Preferred Stock w/ Warrants 303,000,000 $ Par 

12/5/2008 Oak Valley Bancorp Oakdale CA Preferred Stock w/ Warrants 13,500,000 $ Par 

12/12/2008 Old National Bancorp Evansville IN Preferred Stock w/ Warrants $ 100,000,000 Par 3/31/2009 

$ Par 130,000,000 

12/5/2008 CVB Financial Corp Ontario CA Preferred Stock w/ Warrants 

12/12/2008 Old National Bancorp Evansville IN Preferred Stock w/ Warrants $ 100,000,000 Par 3/31/2009 

12/12/2008 Capital Bank Corporation Raleigh NC Preferred Stock w/ Warrants 41,279,000 $ Par 12/12/2008 Pacific International Bancorp Seattle WA Preferred Stock w/ Warrants 6,500,000 $ Par 

12/12/2008 SVB Financial Group Santa Clara CA Preferred Stock w/ Warrants 235,000,000 $ Par 12/23/2009 

12/12/2008 LNB Bancorp Inc. Lorain OH Preferred Stock w/ Warrants 25,223,000 $ Par 12/12/2008 Wilmington Trust Corporation Wilmington DE Preferred Stock w/ Warrants 330,000,000 $ Par 

12/12/2008 Susquehanna Bancshares, Inc Lititz PA Preferred Stock w/ Warrants 300,000,000 $ Par 

12/12/2008 Signature Bank New York NY Preferred Stock w/ Warrants 120,000,000 $ Par 3/31/2009 

12/12/2008 HopFed Bancorp Hopkinsville KY Preferred Stock w/ Warrants 18,400,000 $ Par 12/12/2008 Citizens Republic Bancorp, Inc. Flint MI Preferred Stock w/ Warrants 300,000,000 $ Par 

12/12/2008 Indiana Community Bancorp Columbus IN Preferred Stock w/ Warrants 21,500,000 $ Par 12/12/2008 Bank of the Ozarks, Inc. Little Rock AR Preferred Stock w/ Warrants 75,000,000 $ Par 11/4/2009 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment Dat

Footnote Purchase Date 

Seller Purchase Details Capital R

12/12/2008 Center Financial Corporation Los Angeles CA Preferred Stock w/ Warrants 55,000,000 $ Par 

12/12/2008 NewBridge Bancorp Greensboro NC Preferred Stock w/ Warrants 52,372,000 $ Par 12/12/2008 Sterling Bancshares, Inc. Houston TX Preferred Stock w/ Warrants 125,198,000 $ Par 5/5/2009 

12/12/2008 The Bancorp, Inc. Wilmington DE Preferred Stock w/ Warrants 45,220,000 $ Par 3/10/2010 

12/12/2008 TowneBank Portsmouth VA Preferred Stock w/ Warrants 76,458,000 $ Par 12/12/2008 Wilshire Bancorp, Inc. Los Angeles CA Preferred Stock w/ Warrants 62,158,000 $ Par 

12/12/2008 Valley Financial Corporation Roanoke VA Preferred Stock w/ Warrants 16,019,000 $ Par 12/12/2008 Independent Bank Corporation Ionia MI Preferred Stock w/ Warrants 72,000,000 $ Par 

12/12/2008 Pinnacle Financial Partners, Inc. Nashville TN Preferred Stock w/ Warrants 95,000,000 $ Par 12/12/2008 First Litchfield Financial Corporation Litchfield CT Preferred Stock w/ Warrants 10,000,000 $ Par 12/12/2008 National Penn Bancshares, Inc. Boyertown PA Preferred Stock w/ Warrants 150,000,000 $ Par 12/12/2008 Northeast Bancorp Lewiston ME Preferred Stock w/ Warrants 4,227,000 $ Par 12/12/2008 Citizens South Banking Corporation Gastonia NC Preferred Stock w/ Warrants 20,500,000 $ Par 12/12/2008 Virginia Commerce Bancorp Arlington VA Preferred Stock w/ Warrants 71,000,000 $ Par 12/12/2008 Fidelity Bancorp, Inc. Pittsburgh PA Preferred Stock w/ Warrants 7,000,000 $ Par 12/12/2008 LSB Corporation North Andover MA Preferred Stock w/ Warrants 15,000,000 $ Par 11/18/2009 

12/19/2008 Intermountain Community Bancorp Sandpoint ID Preferred Stock w/ Warrants 27,000,000 $ Par 12/19/2008 Community West Bancshares Goleta CA Preferred Stock w/ Warrants 15,600,000 $ Par 

12/19/2008 Synovus Financial Corp. Columbus GA Preferred Stock w/ Warrants 967,870,000 $ Par 12/19/2008 Tennessee Commerce Bancorp, Inc. Franklin TN Preferred Stock w/ Warrants 30,000,000 $ Par 12/19/2008 Community Bankers Trust Corporation Glen Allen VA Preferred Stock w/ Warrants 17,680,000 $ Par 

12/19/2008 12/19/2008 BancTrust Financial Grou BancTrust Financial Group, Inc.Mobile AL Preferred Stock w/ Warrants 50,000,000 Preferred Stock w/ Warrants $ Par $ 50,000,000 Par

12/19/2008 Enterprise Financial Services Corp. St. Louis MO Preferred Stock w/ Warrants 35,000,000 $ Par 

12/19/2008 Mid Penn Bancorp, Inc. Millersburg PA Preferred Stock w/ Warrants 10,000,000 $ Par 12/19/2008 Summit State Bank Santa Rosa CA Preferred Stock w/ Warrants 8,500,000 $ Par 

12/19/2008 VIST Financial Corp. Wyomissing PA Preferred Stock w/ Warrants 25,000,000 $ Par 12/19/2008 Wainwright Bank & Trust Company Boston MA Preferred Stock w/ Warrants 22,000,000 $ Par 11/24/2009 

12/19/2008 Whitney Holding Corporation New Orleans LA Preferred Stock w/ Warrants 300,000,000 $ Par 12/19/2008 The Connecticut Bank and Trust Company Hartford CT Preferred Stock w/ Warrants 5,448,000 $ Par 12/19/2008 CoBiz Financial Inc. Denver CO Preferred Stock w/ Warrants 64,450,000 $ Par 12/19/2008 Santa Lucia Bancorp Atascadero CA Preferred Stock w/ Warrants 4,000,000 $ Par 

12/19/2008 Seacoast Banking Corporation of Florida Stuart FL Preferred Stock w/ Warrants 50,000,000 $ Par 12/19/2008 Horizon Bancorp Michigan City IN Preferred Stock w/ Warrants 25,000,000 $ Par 12/19/2008 Fidelity Southern Corporation Atlanta GA Preferred Stock w/ Warrants 48,200,000 $ Par 12/19/2008 Community Financial Corporation Staunton VA Preferred Stock w/ Warrants 12,643,000 $ Par 12/19/2008 Berkshire Hills Bancorp, Inc. Pittsfield MA Preferred Stock w/ Warrants 40,000,000 $ Par 5/27/2009 

12/19/2008 First California Financial Group, Inc Westlake Village CA Preferred Stock w/ Warrants 25,000,000 $ Par 

12/19/2008 AmeriServ Financial, Inc Johnstown PA Preferred Stock w/ Warrants 21,000,000 $ Par 12/19/2008 Security Federal Corporation Aiken SC Preferred Stock w/ Warrants 18,000,000 $ Par 

12/19/2008 Wintrust Financial Corporation Lake Forest IL Preferred Stock w/ Warrants 250,000,000 $ Par 

12/19/2008 Flushing Financial Corporation Lake Success NY Preferred Stock w/ Warrants 70,000,000 $ Par 10/28/2009 

12/19/2008 Monarch Financial Holdings, Inc. Chesapeake VA Preferred Stock w/ Warrants 14,700,000 $ Par 12/23/2009 12/19/2008 StellarOne Corporation Charlottesville VA Preferred Stock w/ Warrants 30,000,000 $ Par 

18 12/19/2008 Union First Market Bankshares Corporation (Union Bankshares Corporation) Bowling Green VA Preferred Stock w/ Warrants 59,000,000 $ Par 11/18/2009 

12/19/2008 Tidelands Bancshares, Inc Mt. Pleasant SC Preferred Stock w/ Warrants 14,448,000 $ Par 

12/19/2008 Bancorp Rhode Island, Inc. Providence RI Preferred Stock w/ Warrants 30,000,000 $ Par 8/5/2009 

12/19/2008 Hawthorn Bancshares, Inc. Lee's Summit MO Preferred Stock w/ Warrants 30,255,000 $ Par 12/19/2008 The Elmira Saving , s Bank, FSB Elmira NY Preferred Stock w/ Warrants 9,090,000 $ Par $ , ,

12/19/2008 Alliance Financial Corporation Syracuse NY Preferred Stock w/ Warrants 26,918,000 $ Par 5/13/2009 

12/19/2008 Heartland Financial USA, Inc. Dubuque IA Preferred Stock w/ Warrants 81,698,000 $ Par 12/19/2008 Citizens First Corporation Bowling Green KY Preferred Stock w/ Warrants 8,779,000 $ Par 

2 12/19/2008 FFW Corporation Wabash IN Preferred Stock w/ Exercised Warrants 7,289,000 $ Par 2 12/19/2008 Plains Capital Corporation Dallas TX Preferred Stock w/ Exercised Warrants 87,631,000 $ Par 2 12/19/2008 Tri-County Financial Corporation Waldorf MD Preferred Stock w/ Exercised Warrants 15,540,000 $ Par 3 12/19/2008 OneUnited Bank Boston MA Preferred Stock 12,063,000 $ Par 2 12/19/2008 Patriot Bancshares, Inc. Houston TX Preferred Stock w/ Exercised Warrants 26,038,000 $ Par 2 12/19/2008 Pacific City Financial Corporation Los Angeles CA Preferred Stock w/ Exercised Warrants 16,200,000 $ Par 

2 12/19/2008 Marquette National Corporation Chicago IL Preferred Stock w/ Exercised Warrants 35,500,000 $ Par 2 12/19/2008 Exchange Bank Santa Rosa CA Preferred Stock w/ Exercised Warrants 43,000,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment Dat

Footnote Purchase Date 

Seller Purchase Details Capital R

2 12/19/2008 Monadnock Bancorp, Inc. Peterborough NH Preferred Stock w/ Exercised Warrants 1,834,000 $ Par 2 12/19/2008 Bridgeview Bancorp, Inc. Bridgeview IL Preferred Stock w/ Exercised Warrants 38,000,000 $ Par 2 12/19/2008 Fidelity Financial Corporation Wichita KS Preferred Stock w/ Exercised Warrants 36,282,000 $ Par 2 12/19/2008 Patapsco Bancorp, Inc. Dundalk MD Preferred Stock w/ Exercised Warrants 6,000,000 $ Par 

2 12/19/2008 NCAL Bancorp Los Angeles CA Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 

2 12/19/2008 FCB Bancorp, Inc. Louisville KY Preferred Stock w/ Exercised Warrants 9,294,000 $ Par 

12/23/2008 First Financial Bancorp Cincinnati OH Preferred Stock w/ Warrants 80,000,000 $ Par 2/24/2010 

12/23/2008 Bridge Capital Holdings San Jose CA Preferred Stock w/ Warrants 23,864,000 $ Par 

12/23/2008 International Bancshares Corporation Laredo TX Preferred Stock w/ Warrants 216,000,000 $ Par 12/23/2008 First Sound Bank Seattle WA Preferred Stock w/ Warrants 7,400,000 $ Par 12/23/2008 M&T Bank Corporation Buffalo NY Preferred Stock w/ Warrants 600,000,000 $ Par 

12/23/2008 Emclaire Financial Corp. Emlenton PA Preferred Stock w/ Warrants 7,500,000 $ Par 12/23/2008 Park National Corporation Newark OH Preferred Stock w/ Warrants 100,000,000 $ Par 12/23/2008 Green Bankshares, Inc. Greeneville TN Preferred Stock w/ Warrants 72,278,000 $ Par 12/23/2008 Cecil Bancorp, Inc. Elkton MD Preferred Stock w/ Warrants 11,560,000 $ Par 12/23/2008 Financial Institutions, Inc. Warsaw NY Preferred Stock w/ Warrants 37,515,000 $ Par 

12/23/2008 Fulton Financial Corporation Lancaster PA Preferred Stock w/ Warrants 376,500,000 $ Par 12/23/2008 United Bancorporation of Alabama, Inc. Atmore AL Preferred Stock w/ Warrants 10,300,000 $ Par 12/23/2008 MutualFirst Financial, Inc. Muncie IN Preferred Stock w/ Warrants 32,382,000 $ Par 12/23/2008 BCSB Bancorp, Inc. Baltimore MD Preferred Stock w/ Warrants 10,800,000 $ Par 12/23/2008 HMN Financial, Inc. Rochester MN Preferred Stock w/ Warrants 26,000,000 $ Par 

12/23/2008 12/23/2008 First Communit First Community Bank Cor Bank Corporation poration of America of America Pinellas Park e as a FL Preferred Stock w/ Warrants 10,685,000 FL Preferred Stock w/ Warrants $ Par $ 10,685,000 Par

12/23/2008 Sterling Bancorp New York NY Preferred Stock w/ Warrants 42,000,000 $ Par 

12/23/2008 Intervest Bancshares Corporation New York NY Preferred Stock w/ Warrants 25,000,000 $ Par 

12/23/2008 Peoples Bancorp of North Carolina, Inc. Newton NC Preferred Stock w/ Warrants 25,054,000 $ Par 12/23/2008 Parkvale Financial Corporation Monroeville PA Preferred Stock w/ Warrants 31,762,000 $ Par 12/23/2008 Timberland Bancorp, Inc. Hoquiam WA Preferred Stock w/ Warrants 16,641,000 $ Par 12/23/2008 1st Constitution Bancorp Cranbury NJ Preferred Stock w/ Warrants 12,000,000 $ Par 12/23/2008 Central Jersey Bancorp Oakhurst NJ Preferred Stock w/ Warrants 11,300,000 $ Par 

2 12/23/2008 Western Illinois Bancshares Inc. Monmouth IL Preferred Stock w/ Exercised Warrants 6,855,000 $ Par 2 12/23/2008 Saigon National Bank Westminster CA Preferred Stock w/ Exercised Warrants 1,549,000 $ Par 

2 12/23/2008 Capital Pacific Bancorp Portland OR Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2 12/23/2008 Uwharrie Capital Corp Albemarle NC Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 3 12/23/2008 Mission Valley Bancorp Sun Valley CA Preferred Stock 5,500,000 $ Par 

2 12/23/2008 The Little Bank, Incorporated Kinston NC Preferred Stock w/ Exercised Warrants 7,500,000 $ Par 2 12/23/2008 Pacific Commerce Bank Los Angeles CA Preferred Stock w/ Exercised Warrants 4,060,000 $ Par 

2 12/23/2008 Citizens Community Bank South Hill VA Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 2 12/23/2008 Seacoast Commerce Bank Chula Vista CA Preferred Stock w/ Exercised Warrants 1,800,000 $ Par 

2 12/23/2008 TCNB Financial Corp. Dayton OH Preferred Stock w/ Exercised Warrants 2,000,000 $ Par 2 12/23/2008 Leader Bancorp, Inc. Arlington MA Preferred Stock w/ Exercised Warrants 5,830,000 $ Par 2 12/23/2008 Nicolet Bankshares, Inc. Green Bay WI Preferred Stock w/ Exercised Warrants 14,964,000 $ Par 2 12/23/2008 Magna Bank Memphis TN Preferred Stock w/ Exercised Warrants 13,795,000 $ Par 11/24/2009 

2 12/23/2008 Western Community Bancshares, Inc. Palm Desert CA Preferred Stock w/ Exercised Warrants 7,290,000 $ Par 

2 12/23/2008 Community Investors Bancorp, Inc. Bucyrus OH Preferred Stock w/ Exercised Warrants 2,600,000 $ Par 2 12/23/2008 Capital Bancorp, Inc. Rockville MD Preferred Stock w/ Exercised Warrants 4,700,000 $ Par 2 12/23/2008 Cache Valley Banking Company Logan UT Preferred Stock w/ Exercised Warrants 4,767,000 $ Par 2 12/23/2008 Citizens Bancorp Nevada City CA Preferred Stock w/ Exercised Warrants 10,400,000 $ Par 

2 12/23/2008 Tennessee Valley Financial Holdings, Inc. Oak Ridge TN Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 

2 12/23/2008 12/23/2008 Pacific Coast Bankers Pacific Coast Bankers' Bancshares Bancshares San Francisco San Francisco CA Preferred Stock w/ Exercised Warrants Preferred Stock w/ Exercised Warrants $ 11 600 000 11,600,000 Par

12/31/2008 SunTrust Banks, Inc. Atlanta GA Preferred Stock w/ Warrants 1,350,000,000 $ Par 12/31/2008 The PNC Financial Services Group Inc. Pittsburgh PA Preferred Stock w/ Warrants 7,579,200,000 $ Par 2/10/2010 

12/31/2008 Fifth Third Bancorp Cincinnati OH Preferred Stock w/ Warrants 3,408,000,000 $ Par 12/31/2008 Hampton Roads Bankshares, Inc. Norfolk VA Preferred Stock w/ Warrants 80,347,000 $ Par 

16 12/31/2008 CIT Group Inc. New York NY Contingent Value Rights 2,330,000,000 $ Par 2/8/2010 

12/31/2008 West Bancorporation, Inc. West Des Moines IA Preferred Stock w/ Warrants 36,000,000 $ Par 

2 12/31/2008 First Banks, Inc. Clayton MO Preferred Stock w/ Exercised Warrants 295,400,000 $ Par 

1a, 1b 1/9/2009 Bank of America Corporation Charlotte NC Preferred Stock w/ Warrants 10,000,000,000 $ Par 12/9/2009 

1/9/2009 FirstMerit Corporation Akron OH Preferred Stock w/ Warrants 125,000,000 $ Par 4/22/2009 

1/9/2009 Farmers Capital Bank Corporation Frankfort KY Preferred Stock w/ Warrants 30,000,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment Dat

Footnote Purchase Date 

Seller Purchase Details Capital R

1/9/2009 Peapack-Gladstone Financial Corporation Gladstone NJ Preferred Stock w/ Warrants 28,685,000 $ Par 1/6/2010 

1/9/2009 Commerce National Bank Newport Beach CA Preferred Stock w/ Warrants 5,000,000 $ Par 10/7/2009 

1/9/2009 The First Bancorp, Inc. Damariscotta ME Preferred Stock w/ Warrants 25,000,000 $ Par 1/9/2009 Sun Bancorp, Inc. Vineland NJ Preferred Stock w/ Warrants 89,310,000 $ Par 4/8/2009 

1/9/2009 Crescent Financial Corporation Cary NC Preferred Stock w/ Warrants 24,900,000 $ Par 1/9/2009 American Express Company New York NY Preferred Stock w/ Warrants 3,388,890,000 $ Par 6/17/2009 

1/9/2009 Central Pacific Financial Corp. Honolulu HI Preferred Stock w/ Warrants 135,000,000 $ Par 

1/9/2009 Centrue Financial Corporation St. Louis MO Preferred Stock w/ Warrants 32,668,000 $ Par 1/9/2009 Eastern Virginia Bankshares, Inc. Tappahannock VA Preferred Stock w/ Warrants 24,000,000 $ Par 1/9/2009 Colony Bankcorp, Inc. Fitzgerald GA Preferred Stock w/ Warrants 28,000,000 $ Par 1/9/2009 Independent Bank Corp. Rockland MA Preferred Stock w/ Warrants 78,158,000 $ Par 4/22/2009 

1/9/2009 Cadence Financial Corporation Starkville MS Preferred Stock w/ Warrants 44,000,000 $ Par 1/9/2009 LCNB Corp. Lebanon OH Preferred Stock w/ Warrants 13,400,000 $ Par 10/21/2009 1/9/2009 Center Bancorp, Inc. Union NJ Preferred Stock w/ Warrants 10,000,000 $ Par 1/9/2009 F.N.B. Corporation Hermitage PA Preferred Stock w/ Warrants 100,000,000 $ Par 9/9/2009 

1/9/2009 C&F Financial Corporation West Point VA Preferred Stock w/ Warrants 20,000,000 $ Par 1/9/2009 North Central Bancshares, Inc. Fort Dodge IA Preferred Stock w/ Warrants 10,200,000 $ Par 1/9/2009 Carolina Bank Holdings, Inc. Greensboro NC Preferred Stock w/ Warrants 16,000,000 $ Par 1/9/2009 First Bancorp Troy NC Preferred Stock w/ Warrants 65,000,000 $ Par 1/9/2009 First Financial Service Corporation Elizabethtown KY Preferred Stock w/ Warrants 20,000,000 $ Par 1/9/2009 Codorus Valley Bancorp, Inc. York PA Preferred Stock w/ Warrants 16,500,000 $ Par 

1/9/2009 MidSouth Bancorp, Inc. Lafayette LA Preferred Stock w/ Warrants 20,000,000 $ Par 1/9/2009 First Security Group, Inc. Chattanooga TN Preferred Stock w/ Warrants 33,000,000 $ Par 1/9/2009 Shore Bancshares, Inc. Easton MD Preferred Stock w/ Warrants 25,000,000 $ Par 4/15/2009 

2 1/9/2009 The Queensborough Company Louisville GA Preferred Stock w/ Exercised Warrants 12,000,000 $ Par 2 1/9/2009 American State Bancshares, Inc. Great Bend KS Preferred Stock w/ Exercised Warrants 6,000,000 $ Par 2 1/9/2009 Security California Bancorp Riverside CA Preferred Stock w/ Exercised Warrants 6,815,000 $ Par 

2 1/9/2009 Security Business Bancorp San Diego CA Preferred Stock w/ Exercised Warrants 5,803,000 $ Par 

2 1/9/2009 Sound Banking Company Morehead City NC Preferred Stock w/ Exercised Warrants 3,070,000 $ Par 3 1/9/2009 Mission Community Bancorp San Luis Obispo CA Preferred Stock 5,116,000 $ Par 

2 1/9/2009 Redwood Financial Inc. Redwood Falls MN Preferred Stock w/ Exercised Warrants 2,995,000 $ Par 

2 1/9/2009 Surrey Bancorp Mount Airy NC Preferred Stock w/ Exercised Warrants 2,000,000 $ Par 2 1/9/2009 Independence Bank East Greenwich RI Preferred Stock w/ Exercised Warrants 1,065,000 $ Par 2 1/9/2009 Valley Community Bank Pleasanton CA Preferred Stock w/ Exercised Warrants 5,500,000 $ Par 

2 1/9/2009 Rising Sun Bancorp Rising Sun MD Preferred Stock w/ Exercised Warrants 5,983,000 $ Par 

2 1/9/2009 Community Trust Financial Corporation Ruston LA Preferred Stock w/ Exercised Warrants 24,000,000 $ Par 2 1/9/2009 GrandSouth Bancorporation Greenville SC Preferred Stock w/ Exercised Warrants 9,000,000 $ Par 

2 1/9/2009 Texas National Bancorporation Jacksonville TX Preferred Stock w/ Exercised Warrants 3,981,000 $ Par 2 1/9/2009 Congaree Bancshares, Inc. Cayce SC Preferred Stock w/ Exercised Warrants 3,285,000 $ Par 

2 1/9/2009 New York Private Bank & Trust Corporation New York NY Preferred Stock w/ Exercised Warrants 267,274,000 $ Par 

1/16/2009 Home Bancshares, Inc. Conway AR Preferred Stock w/ Warrants 50,000,000 $ Par 1/16/2009 Washington Banking Company Oak Harbor WA Preferred Stock w/ Warrants 26,380,000 $ Par 

1/16/2009 New Hampshire Thrift Bancshares, Inc. Newport NH Preferred Stock w/ Warrants 10,000,000 $ Par 

1/16/2009 Bar Harbor Bankshares Bar Harbor ME Preferred Stock w/ Warrants 18,751,000 $ Par 2/24/2010 

1/16/2009 Somerset Hills Bancorp Bernardsville NJ Preferred Stock w/ Warrants 7,414,000 $ Par 5/20/2009 

1/16/2009 SCBT Financial Corporation Columbia SC Preferred Stock w/ Warrants 64,779,000 $ Par 5/20/2009 

1/16/2009 S&T Bancorp Indiana PA Preferred Stock w/ Warrants 108,676,000 $ Par 

1/16/2009 ECB Bancorp, Inc. Engelhard g NC Preferred Stock w/ Warrants 17,949,000 $ Par $ , ,

1/16/2009 First BanCorp San Juan PR Preferred Stock w/ Warrants 400,000,000 $ Par 

1/16/2009 Texas Capital Bancshares, Inc. Dallas TX Preferred Stock w/ Warrants 75,000,000 $ Par 5/13/2009 

1/16/2009 Yadkin Valley Financial Corporation Elkin NC Preferred Stock w/ Warrants 36,000,000 $ Par 

3 1/16/2009 Carver Bancorp, Inc New York NY Preferred Stock 18,980,000 $ Par 

1/16/2009 Citizens & Northern Corporation Wellsboro PA Preferred Stock w/ Warrants 26,440,000 $ Par 

1/16/2009 MainSource Financial Group, Inc. Greensburg IN Preferred Stock w/ Warrants 57,000,000 $ Par 

1/16/2009 MetroCorp Bancshares, Inc. Houston TX Preferred Stock w/ Warrants 45,000,000 $ Par 

1/16/2009 United Bancorp, Inc. Tecumseh MI Preferred Stock w/ Warrants 20,600,000 $ Par 

1/16/2009 Old Second Bancorp, Inc. Aurora IL Preferred Stock w/ Warrants 73,000,000 $ Par 

1/16/2009 Pulaski Financial Corp Creve Coeur MO Preferred Stock w/ Warrants 32,538,000 $ Par 

1/16/2009 OceanFirst Financial Corp. Toms River NJ Preferred Stock w/ Warrants 38,263,000 $ Par 12/30/2009 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment Dat

Footnote Purchase Date 

Seller Purchase Details Capital R

2 1/16/2009 Community 1st Bank Roseville CA Preferred Stock w/ Exercised Warrants 2,550,000 $ Par 

2 1/16/2009 TCB Holding Company, Texas Community Bank The Woodlands TX Preferred Stock w/ Exercised Warrants 11,730,000 $ Par 2 1/16/2009 Centra Financial Holdings, Inc. Morgantown WV Preferred Stock w/ Exercised Warrants 15,000,000 $ Par 3/31/2009 

2 1/16/2009 First Bankers Trustshares, Inc. Quincy IL Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 

2, 19 1/16/2009 Pacific Coast National Bancorp San Clemente CA Preferred Stock w/ Exercised Warrants 4,120,000 $ Par 2/11/2010 

3 1/16/2009 Community Bank of the Bay Oakland CA Preferred Stock 1,747,000 $ Par 

2 1/16/2009 Redwood Capital Bancorp Eureka CA Preferred Stock w/ Exercised Warrants 3,800,000 $ Par 

2 1/16/2009 Syringa Bancorp Boise ID Preferred Stock w/ Exercised Warrants 8,000,000 $ Par 2 1/16/2009 Idaho Bancorp Boise ID Preferred Stock w/ Exercised Warrants 6,900,000 $ Par 2 1/16/2009 Puget Sound Bank Bellevue WA Preferred Stock w/ Exercised Warrants 4,500,000 $ Par 2 1/16/2009 United Financial Banking Companies, Inc. Vienna VA Preferred Stock w/ Exercised Warrants 5,658,000 $ Par 2 1/16/2009 Dickinson Financial Corporation II Kansas City MO Preferred Stock w/ Exercised Warrants 146,053,000 $ Par 2 1/16/2009 The Baraboo Bancorporation Baraboo WI Preferred Stock w/ Exercised Warrants 20,749,000 $ Par 2 1/16/2009 Bank of Commerce Charlotte NC Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 2 1/16/2009 State Bankshares, Inc. Fargo ND Preferred Stock w/ Exercised Warrants 50,000,000 $ Par 8/12/2009 

2 1/16/2009 BNCCORP, Inc. Bismarck ND Preferred Stock w/ Exercised Warrants 20,093,000 $ Par 2 1/16/2009 First Manitowoc Bancorp, Inc. Manitowoc WI Preferred Stock w/ Exercised Warrants 12,000,000 $ Par 5/27/2009 

3 1/16/2009 Southern Bancorp, Inc. Arkadelphia AR Preferred Stock 11,000,000 $ Par 

2 1/16/2009 Morrill Bancshares, Inc. Merriam KS Preferred Stock w/ Exercised Warrants 13,000,000 $ Par 2 1/16/2009 Treaty Oak Bancorp, Inc. Austin TX Preferred Stock w/ Exercised Warrants 3,268,000 $ Par 

1/23/2009 1st Source Corporation South Bend IN Preferred Stock w/ Warrants 111,000,000 $ Par 

1/23/2009 Princeton National Bancorp, Inc. p Princeton IL Preferred Stock w/ Warrants 25,083,000 $ Par 

1/23/2009 AB&T Financial Corporation Gastonia NC Preferred Stock w/ Warrants 3,500,000 $ Par 

1/23/2009 First Citizens Banc Corp Sandusky OH Preferred Stock w/ Warrants 23,184,000 $ Par 

1/23/2009 WSFS Financial Corporation Wilmington DE Preferred Stock w/ Warrants 52,625,000 $ Par 

2 1/23/2009 Commonwealth Business Bank Los Angeles CA Preferred Stock w/ Exercised Warrants 7,701,000 $ Par 

2, 13 - 

12/4/2009 1/23/2009 Three Shores Bancorporation, Inc. (Seaside National Bank & Trust) Orlando FL Preferred Stock w/ Exercised Warrants 5,677,000 $ Par 

2 1/23/2009 CalWest Bancorp Rancho Santa Margarita CA Preferred Stock w/ Exercised Warrants 4,656,000 $ Par 

2 1/23/2009 Fresno First Bank Fresno CA Preferred Stock w/ Exercised Warrants 1,968,000 $ Par 

2 1/23/2009 First ULB Corp. Oakland CA Preferred Stock w/ Exercised Warrants 4,900,000 $ Par 4/22/2009 

2 1/23/2009 Alarion Financial Services, Inc. Ocala FL Preferred Stock w/ Exercised Warrants 6,514,000 $ Par 2 1/23/2009 Midland States Bancorp, Inc. Effingham IL Preferred Stock w/ Exercised Warrants 10,189,000 $ Par 12/23/2009 2 1/23/2009 Moscow Bancshares, Inc. Moscow TN Preferred Stock w/ Exercised Warrants 6,216,000 $ Par 2 1/23/2009 Farmers Bank Windsor VA Preferred Stock w/ Exercised Warrants 8,752,000 $ Par 2 1/23/2009 California Oaks State Bank Thousand Oaks CA Preferred Stock w/ Exercised Warrants 3,300,000 $ Par 

2 1/23/2009 Pierce County Bancorp Tacoma WA Preferred Stock w/ Exercised Warrants 6,800,000 $ Par 2 1/23/2009 Calvert Financial Corporation Ashland MO Preferred Stock w/ Exercised Warrants 1,037,000 $ Par 2 1/23/2009 Liberty Bancshares, Inc. Jonesboro AR Preferred Stock w/ Exercised Warrants 57,500,000 $ Par 

2 1/23/2009 Crosstown Holding Company Blaine MN Preferred Stock w/ Exercised Warrants 10,650,000 $ Par 

2 1/23/2009 BankFirst Capital Corporation Macon MS Preferred Stock w/ Exercised Warrants 15,500,000 $ Par 2 1/23/2009 Southern Illinois Bancorp, Inc. Carmi IL Preferred Stock w/ Exercised Warrants 5,000,000 $ Par 2 1/23/2009 FPB Financial Corp. Hammond LA Preferred Stock w/ Exercised Warrants 3,240,000 $ Par 12/16/2009 

2 1/23/2009 Stonebridge Financial Corp. West Chester PA Preferred Stock w/ Exercised Warrants 10,973,000 $ Par 

1/30/2009 Peoples Bancorp Inc. Marietta OH Preferred Stock w/ Warrants 39,000,000 $ Par 

1/30/2009 Anchor BanCorp Wisconsin Inc. Madison WI Preferred Stock w/ Warrants 110,000,000 $ Par 

1/30/2009 Parke Bancorp, Inc. Sewell NJ Preferred Stock w/ Warrants 16,288,000 $ Par 

1/30/2009 Central Virginia Bankshares, Inc. Powhatan VA Preferred Stock w/ Warrants 11,385,000 $ Par 

1/30/2009 1/30/2009 Flagstar Bancorp, Inc. Fl t B I Troy MI Preferred Stock w/ Warrants 266,657,000 P f d St k / W t $ Par $ 266 657 000 P

1/30/2009 Middleburg Financial Corporation Middleburg VA Preferred Stock w/ Warrants 22,000,000 $ Par 12/23/2009 

1/30/2009 Peninsula Bank Holding Co. Palo Alto CA Preferred Stock w/ Warrants 6,000,000 $ Par 1/30/2009 PrivateBancorp, Inc. Chicago IL Preferred Stock w/ Warrants 243,815,000 $ Par 

1/30/2009 Central Valley Community Bancorp Fresno CA Preferred Stock w/ Warrants 7,000,000 $ Par 1/30/2009 Plumas Bancorp Quincy CA Preferred Stock w/ Warrants 11,949,000 $ Par 1/30/2009 Stewardship Financial Corporation Midland Park NJ Preferred Stock w/ Warrants 10,000,000 $ Par 

1/30/2009 Oak Ridge Financial Services, Inc. Oak Ridge NC Preferred Stock w/ Warrants 7,700,000 $ Par 

1/30/2009 First United Corporation Oakland MD Preferred Stock w/ Warrants 30,000,000 $ Par 

1/30/2009 Community Partners Bancorp Middletown NJ Preferred Stock w/ Warrants 9,000,000 $ Par 

1/30/2009 Guaranty Federal Bancshares, Inc. Springfield MO Preferred Stock w/ Warrants 17,000,000 $ Par 

1/30/2009 Annapolis Bancorp, Inc. Annapolis MD Preferred Stock w/ Warrants 8,152,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment Dat

Footnote Purchase Date 

Seller Purchase Details Capital R

1/30/2009 DNB Financial Corporation Downingtown PA Preferred Stock w/ Warrants 11,750,000 $ Par 

1/30/2009 Firstbank Corporation Alma MI Preferred Stock w/ Warrants 33,000,000 $ Par 

2 1/30/2009 Valley Commerce Bancorp Visalia CA Preferred Stock w/ Exercised Warrants 7,700,000 $ Par 

2 1/30/2009 Greer Bancshares Incorporated Greer SC Preferred Stock w/ Exercised Warrants 9,993,000 $ Par 

2 1/30/2009 Ojai Community Bank Ojai CA Preferred Stock w/ Exercised Warrants 2,080,000 $ Par 

2 1/30/2009 Adbanc, Inc Ogallala NE Preferred Stock w/ Exercised Warrants 12,720,000 $ Par 

2 1/30/2009 Beach Business Bank Manhattan Beach CA Preferred Stock w/ Exercised Warrants 6,000,000 $ Par 

3 1/30/2009 Legacy Bancorp, Inc. Milwaukee WI Preferred Stock 5,498,000 $ Par 2 1/30/2009 First Southern Bancorp, Inc. Boca Raton FL Preferred Stock w/ Exercised Warrants 10,900,000 $ Par 2 1/30/2009 Country Bank Shares, Inc. Milford NE Preferred Stock w/ Exercised Warrants 7,525,000 $ Par 

2 1/30/2009 Katahdin Bankshares Corp. Houlton ME Preferred Stock w/ Exercised Warrants 10,449,000 $ Par 2 1/30/2009 Rogers Bancshares, Inc. Little Rock AR Preferred Stock w/ Exercised Warrants 25,000,000 $ Par 

2 1/30/2009 UBT Bancshares, Inc. Marysville KS Preferred Stock w/ Exercised Warrants 8,950,000 $ Par 2 1/30/2009 Bankers' Bank of the West Bancorp, Inc. Denver CO Preferred Stock w/ Exercised Warrants 12,639,000 $ Par 2 1/30/2009 W.T.B. Financial Corporation Spokane WA Preferred Stock w/ Exercised Warrants 110,000,000 $ Par 2 1/30/2009 AMB Financial Corp. Munster IN Preferred Stock w/ Exercised Warrants 3,674,000 $ Par 

2 1/30/2009 Goldwater Bank, N.A. Scottsdale AZ Preferred Stock w/ Exercised Warrants 2,568,000 $ Par 2 1/30/2009 Equity Bancshares, Inc. Wichita KS Preferred Stock w/ Exercised Warrants 8,750,000 $ Par 

2, 13 - 

10/30/2009 1/30/2009 WashingtonFirst Bankshares, Inc. 

(WashingtonFirst Bank) Reston VA Preferred Stock w/ Exercised Warrants 6,633,000 $ Par 

2 1/30/2009 Central Bancshares, Inc. Houston TX Preferred Stock w/ Exercised Warrants 5,800,000 $ Par 2 1/30/2009 Hilltop Community Bancorp, Inc. Summit NJ Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 

2 1/30/2009 Northway Financial, Inc. Berlin NH Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 2 1/30/2009 Monument Bank Bethesda MD Preferred Stock w/ Exercised Warrants 4,734,000 $ Par 

2 1/30/2009 Metro City Bank Doraville GA Preferred Stock w/ Exercised Warrants 7,700,000 $ Par 2 1/30/2009 F & M Bancshares, Inc. Trezevant TN Preferred Stock w/ Exercised Warrants 4,609,000 $ Par 2 1/30/2009 First Resource Bank Exton PA Preferred Stock w/ Exercised Warrants 2,600,000 $ Par 

2/6/2009 MidWestOne Financial Group, Inc. Iowa City IA Preferred Stock w/ Warrants 16,000,000 $ Par 2/6/2009 Lakeland Bancorp, Inc. Oak Ridge NJ Preferred Stock w/ Warrants 59,000,000 $ Par 2/6/2009 Monarch Community Bancorp, Inc. Coldwater MI Preferred Stock w/ Warrants 6,785,000 $ Par 

2/6/2009 The First Bancshares, Inc. Hattiesburg MS Preferred Stock w/ Warrants 5,000,000 $ Par 2/6/2009 Carolina Trust Bank Lincolnton NC Preferred Stock w/ Warrants 4,000,000 $ Par 2/6/2009 Alaska Pacific Bancshares, Inc. Juneau AK Preferred Stock w/ Warrants 4,781,000 $ Par 

3 2/6/2009 PGB Holdings, Inc. Chicago IL Preferred Stock 3,000,000 $ Par 2 2/6/2009 The Freeport State Bank Harper KS Preferred Stock w/ Exercised Warrants 301,000 $ Par 2 2/6/2009 Stockmens Financial Corporation Rapid City SD Preferred Stock w/ Exercised Warrants 15,568,000 $ Par 

2 2/6/2009 US Metro Bank Garden Grove CA Preferred Stock w/ Exercised Warrants 2,861,000 $ Par 

2 2/6/2009 First Express of Nebraska, Inc. Gering NE Preferred Stock w/ Exercised Warrants 5,000,000 $ Par 

2 2/6/2009 Mercantile Capital Corp. Boston MA Preferred Stock w/ Exercised Warrants 3,500,000 $ Par 2 2/6/2009 Citizens Commerce Bancshares, Inc. Versailles KY Preferred Stock w/ Exercised Warrants 6,300,000 $ Par 3 2/6/2009 Liberty Financial Services, Inc. New Orleans LA Preferred Stock 5,645,000 $ Par 2 2/6/2009 Lone Star Bank Houston TX Preferred Stock w/ Exercised Warrants 3,072,000 $ Par 

18 2/6/2009 Union First Market Bankshares Corporation (First Market Bank, FSB) Bowling Green VA Preferred Stock 33,900,000 $ Par 

2 2/6/2009 Banner County Ban Corporation Harrisburg NE Preferred Stock w/ Exercised Warrants 795,000 $ Par 

2 2/6/2009 Centrix Bank & Trust Bedford NH Preferred Stock w/ Exercised Warrants 7,500,000 $ Par 2 2/6/2009 Todd Bancshares, Inc. Hopkinsville KY Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2 2/6/2009 Georgia Commerce Bancshares, Inc. Atlanta GA Preferred Stock w/ Exercised Warrants 8,700,000 $ Par 

2 2/6/2009 First Bank of Charleston, Inc. Charleston WV Preferred Stock w/ Exercised Warrants 3,345,000 $ Par 

2 2/6/2009 F & M Financial Corporation Salisbur S y NC Preferred Stock w/ Exercised Warrants 17,000,000 $ Par $

2 2/6/2009 The Bank of Currituck Moyock NC Preferred Stock w/ Exercised Warrants 4,021,000 $ Par 2 2/6/2009 CedarStone Bank Lebanon TN Preferred Stock w/ Exercised Warrants 3,564,000 $ Par 2 2/6/2009 Community Holding Company of Florida, Inc. Miramar Beach FL Preferred Stock w/ Exercised Warrants 1,050,000 $ Par 2 2/6/2009 Hyperion Bank Philadelphia PA Preferred Stock w/ Exercised Warrants 1,552,000 $ Par 

2, 13 - 

2/10/2010 2/6/2009 Pascack Bancorp, Inc. (Pascack Community Bank) Westwood NJ Preferred Stock w/ Exercised Warrants 3,756,000 $ Par 

2 2/6/2009 First Western Financial, Inc. Denver CO Preferred Stock w/ Exercised Warrants 8,559,000 $ Par 

2/13/2009 QCR Holdings, Inc. Moline IL Preferred Stock w/ Warrants 38,237,000 $ Par 

9/2/2009 

11/18/2009 

2/13/2009 Westamerica Bancorporation San Rafael CA Preferred Stock w/ Warrants 83,726,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment Dat

Footnote Purchase Date 

Seller Purchase Details Capital R

2/13/2009 The Bank of Kentucky Financial Corporation Crestview Hills KY Preferred Stock w/ Warrants 34,000,000 $ Par 

2/13/2009 PremierWest Bancorp Medford OR Preferred Stock w/ Warrants 41,400,000 $ Par 

2/13/2009 Carrollton Bancorp Baltimore MD Preferred Stock w/ Warrants 9,201,000 $ Par 

2/13/2009 FNB United Corp. Asheboro NC Preferred Stock w/ Warrants 51,500,000 $ Par 

2 2/13/2009 First Menasha Bancshares, Inc. Neenah WI Preferred Stock w/ Exercised Warrants 4,797,000 $ Par 2 2/13/2009 1st Enterprise Bank Los Angeles CA Preferred Stock w/ Exercised Warrants 4,400,000 $ Par 

2 2/13/2009 DeSoto County Bank Horn Lake MS Preferred Stock w/ Exercised Warrants 1,173,000 $ Par 2 2/13/2009 Security Bancshares of Pulaski County, Inc. Waynesville MO Preferred Stock w/ Exercised Warrants 2,152,000 $ Par 

2 2/13/2009 State Capital Corporation Greenwood MS Preferred Stock w/ Exercised Warrants 15,000,000 $ Par 2 2/13/2009 BankGreenville Greenville SC Preferred Stock w/ Exercised Warrants 1,000,000 $ Par 

2 2/13/2009 Corning Savings and Loan Association Corning AR Preferred Stock w/ Exercised Warrants 638,000 $ Par 

2 2/13/2009 Financial Security Corporation Basin WY Preferred Stock w/ Exercised Warrants 5,000,000 $ Par 

2 2/13/2009 ColoEast Bankshares, Inc. Lamar CO Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 2 2/13/2009 Santa Clara Valley Bank, N.A. Santa Paula CA Preferred Stock w/ Exercised Warrants 2,900,000 $ Par 

2 2/13/2009 Reliance Bancshares, Inc. Frontenac MO Preferred Stock w/ Exercised Warrants 40,000,000 $ Par 

2 2/13/2009 Regional Bankshares, Inc. Hartsville SC Preferred Stock w/ Exercised Warrants 1,500,000 $ Par 

2 2/13/2009 Peoples Bancorp Lynden WA Preferred Stock w/ Exercised Warrants 18,000,000 $ Par 

2 2/13/2009 First Choice Bank Cerritos CA Preferred Stock w/ Exercised Warrants 2,200,000 $ Par 

2 2/13/2009 Gregg Bancshares, Inc. Ozark MO Preferred Stock w/ Exercised Warrants 825,000 $ Par 

2 2/13/2009 Hometown Bancshares, Inc. Corbin KY Preferred Stock w/ Exercised Warrants 1,900,000 $ Par 2 2/13/2009 Midwest Regional Bancorp, Inc. Festus MO Preferred Stock w/ Exercised Warrants 700,000 $ Par 11/10/2009 

2 2/13/2009 Bern Bancshares, Inc. 2/13/2009 Bern Bancshares, Inc. Bern KS Preferred Stock w/ Exercised Warrants 985,000 Preferred Stock w/ Exercised Warrants $ Par 985,000 Par

2 2/13/2009 Northwest Bancorporation, Inc. Spokane WA Preferred Stock w/ Exercised Warrants 10,500,000 $ Par 

2 2/13/2009 Liberty Bancshares, Inc. Springfield MO Preferred Stock w/ Exercised Warrants 21,900,000 $ Par 

2 2/13/2009 F&M Financial Corporation Clarksville TN Preferred Stock w/ Exercised Warrants 17,243,000 $ Par 

2 2/13/2009 Meridian Bank Devon PA Preferred Stock w/ Exercised Warrants 6,200,000 $ Par 

2 2/13/2009 Northwest Commercial Bank Lakewood WA Preferred Stock w/ Exercised Warrants 1,992,000 $ Par 

2/20/2009 Royal Bancshares of Pennsylvania, Inc. Narberth PA Preferred Stock w/ Warrants 30,407,000 $ Par 2/20/2009 First Merchants Corporation Muncie IN Preferred Stock w/ Warrants 116,000,000 $ Par 2/20/2009 Northern States Financial Corporation Waukegan IL Preferred Stock w/ Warrants 17,211,000 $ Par 

2 2/20/2009 Sonoma Valley Bancorp Sonoma CA Preferred Stock w/ Exercised Warrants 8,653,000 $ Par 2 2/20/2009 Guaranty Bancorp, Inc. Woodsville NH Preferred Stock w/ Exercised Warrants 6,920,000 $ Par 2 2/20/2009 The Private Bank of California Los Angeles CA Preferred Stock w/ Exercised Warrants 5,450,000 $ Par 2 2/20/2009 Lafayette Bancorp, Inc. Oxford MS Preferred Stock w/ Exercised Warrants 1,998,000 $ Par 2 2/20/2009 Liberty Shares, Inc. Hinesville GA Preferred Stock w/ Exercised Warrants 17,280,000 $ Par 2 2/20/2009 White River Bancshares Company Fayetteville AR Preferred Stock w/ Exercised Warrants 16,800,000 $ Par 2 2/20/2009 United American Bank San Mateo CA Preferred Stock w/ Exercised Warrants 8,700,000 $ Par 2 2/20/2009 Crazy Woman Creek Bancorp, Inc. Buffalo WY Preferred Stock w/ Exercised Warrants 3,100,000 $ Par 2 2/20/2009 First Priority Financial Corp. Malvern PA Preferred Stock w/ Exercised Warrants 4,579,000 $ Par 2 2/20/2009 Mid-Wisconsin Financial Services, Inc. Medford WI Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 2 2/20/2009 Market Bancorporation, Inc. New Market MN Preferred Stock w/ Exercised Warrants 2,060,000 $ Par 2 2/20/2009 Hometown Bancorp of Alabama, Inc. Oneonta AL Preferred Stock w/ Exercised Warrants 3,250,000 $ Par 2 2/20/2009 Security State Bancshares, Inc. Charleston MO Preferred Stock w/ Exercised Warrants 12,500,000 $ Par 2 2/20/2009 CBB Bancorp Cartersville GA Preferred Stock w/ Exercised Warrants 2,644,000 $ Par 2 2/20/2009 BancPlus Corporation Ridgeland MS Preferred Stock w/ Exercised Warrants 48,000,000 $ Par 2 2/20/2009 Central Community Corporation Temple TX Preferred Stock w/ Exercised Warrants 22,000,000 $ Par 2 2/20/2009 First BancTrust Corporation Paris IL Preferred Stock w/ Exercised Warrants 7,350,000 $ Par 

2 2/20/2009 Premier Service Bank Riverside CA Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 

2 2/20/2009 2/20/2009 Florida Business BancGroup Inc Florida Business BancGroup, Inc. Tampa FL Preferred Stock w/ Exercised Warrants Preferred Stock w/ Exercised Warrants $ 9 495 000 9,495,000 Par

2 2/20/2009 Hamilton State Bancshares Hoschton GA Preferred Stock w/ Exercised Warrants 7,000,000 $ Par 

2/27/2009 Lakeland Financial Corporation Warsaw IN Preferred Stock w/ Warrants 56,044,000 $ Par 2/27/2009 First M&F Corporation Kosciusko MS Preferred Stock w/ Warrants 30,000,000 $ Par 2/27/2009 Southern First Bancshares, Inc. Greenville SC Preferred Stock w/ Warrants 17,299,000 $ Par 

2/27/2009 Integra Bank Corporation Evansville IN Preferred Stock w/ Warrants 83,586,000 $ Par 

2 2/27/2009 Community First Inc. Columbia TN Preferred Stock w/ Exercised Warrants 17,806,000 $ Par 2 2/27/2009 BNC Financial Group, Inc. New Canaan CT Preferred Stock w/ Exercised Warrants 4,797,000 $ Par 2 2/27/2009 California Bank of Commerce Lafayette CA Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2 2/27/2009 Columbine Capital Corp. Buena Vista CO Preferred Stock w/ Exercised Warrants 2,260,000 $ Par 2 2/27/2009 National Bancshares, Inc. Bettendorf IA Preferred Stock w/ Exercised Warrants 24,664,000 $ Par 2 2/27/2009 First State Bank of Mobeetie Mobeetie TX Preferred Stock w/ Exercised Warrants 731,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment Dat

Footnote Purchase Date 

Seller Purchase Details Capital R

2 2/27/2009 Ridgestone Financial Services, Inc. Brookfield WI Preferred Stock w/ Exercised Warrants 10,900,000 $ Par 2 2/27/2009 Community Business Bank West Sacramento CA Preferred Stock w/ Exercised Warrants 3,976,000 $ Par 2 2/27/2009 D.L. Evans Bancorp Burley ID Preferred Stock w/ Exercised Warrants 19,891,000 $ Par 2 2/27/2009 TriState Capital Holdings, Inc. Pittsburgh PA Preferred Stock w/ Exercised Warrants 23,000,000 $ Par 2 2/27/2009 Green City Bancshares, Inc. Green City MO Preferred Stock w/ Exercised Warrants 651,000 $ Par 2 2/27/2009 First Gothenburg Bancshares, Inc. Gothenburg NE Preferred Stock w/ Exercised Warrants 7,570,000 $ Par 2 2/27/2009 Green Circle Investments, Inc. Clive IA Preferred Stock w/ Exercised Warrants 2,400,000 $ Par 2 2/27/2009 Private Bancorporation, Inc. Minneapolis MN Preferred Stock w/ Exercised Warrants 4,960,000 $ Par 2 2/27/2009 Regent Capital Corporation Nowata OK Preferred Stock w/ Exercised Warrants 2,655,000 $ Par 2 2/27/2009 Central Bancorp, Inc. Garland TX Preferred Stock w/ Exercised Warrants 22,500,000 $ Par 2 2/27/2009 Medallion Bank Salt Lake City UT Preferred Stock w/ Exercised Warrants 11,800,000 $ Par 2 2/27/2009 PSB Financial Corporation Many LA Preferred Stock w/ Exercised Warrants 9,270,000 $ Par 2 2/27/2009 Avenue Financial Holdings, Inc. Nashville TN Preferred Stock w/ Exercised Warrants 7,400,000 $ Par 2 2/27/2009 Howard Bancorp, Inc. Ellicott City MD Preferred Stock w/ Exercised Warrants 5,983,000 $ Par 2 2/27/2009 FNB Bancorp South San Francisco CA Preferred Stock w/ Exercised Warrants 12,000,000 $ Par 

2, 13 - 

12/4/2009 2/27/2009 The Victory Bancorp, Inc. (The Victory Bank) Limerick PA Preferred Stock w/ Exercised Warrants 541,000 $ Par 

2 2/27/2009 Catskill Hudson Bancorp, Inc Rock Hill NY Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 2 2/27/2009 Midtown Bank & Trust Company Atlanta GA Preferred Stock w/ Exercised Warrants 5,222,000 $ Par 

3/6/2009 HCSB Financial Corporation Loris SC Preferred Stock w/ Warrants 12,895,000 $ Par 

3/6/2009 First Busey Corporation Urbana IL Preferred Stock w/ Warrants 100,000,000 $ Par 3/6/2009 First Federal Bancshares of Arkansas, Inc. Harrison AR Preferred Stock w/ Warrants 16,500,000 $ Par 

3 3/6/2009 Citizens Bancshares Corporation Atlanta GA Preferred Stock 7,462,000 $ Par 2 3/6/2009 ICB Financial Ontario CA Preferred Stock w/ Exercised Warrants 6,000,000 $ Par 

2 3/6/2009 First Texas BHC, Inc. Fort Worth TX Preferred Stock w/ Exercised Warrants 13,533,000 $ Par 2 3/6/2009 Farmers & Merchants Bancshares, Inc. Houston TX Preferred Stock w/ Exercised Warrants 11,000,000 $ Par 2 3/6/2009 Blue Ridge Bancshares, Inc. Independence MO Preferred Stock w/ Exercised Warrants 12,000,000 $ Par 

2 3/6/2009 First Reliance Bancshares, Inc. Florence SC Preferred Stock w/ Exercised Warrants 15,349,000 $ Par 

2 3/6/2009 Merchants and Planters Bancshares, Inc. Toone TN Preferred Stock w/ Exercised Warrants 1,881,000 $ Par 

2 3/6/2009 First Southwest Bancorporation, Inc. Alamosa CO Preferred Stock w/ Exercised Warrants 5,500,000 $ Par 2 3/6/2009 Germantown Capital Corporation, Inc. Germantown TN Preferred Stock w/ Exercised Warrants 4,967,000 $ Par 

2 3/6/2009 BOH Holdings, Inc. Houston TX Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 2 3/6/2009 AmeriBank Holding Company Collinsville OK Preferred Stock w/ Exercised Warrants 2,492,000 $ Par 2 3/6/2009 Highlands Independent Bancshares, Inc. Sebring FL Preferred Stock w/ Exercised Warrants 6,700,000 $ Par 2 3/6/2009 Pinnacle Bank Holding Company, Inc. Orange City FL Preferred Stock w/ Exercised Warrants 4,389,000 $ Par 2 3/6/2009 Blue River Bancshares, Inc. Shelbyville IN Preferred Stock w/ Exercised Warrants 5,000,000 $ Par 

2 3/6/2009 Marine Bank & Trust Company Vero Beach FL Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 2 3/6/2009 Community Bancshares of Kansas, Inc. Goff KS Preferred Stock w/ Exercised Warrants 500,000 $ Par 

2 3/6/2009 Regent Bancorp, Inc. Davie FL Preferred Stock w/ Exercised Warrants 9,982,000 $ Par 2 3/6/2009 Park Bancorporation, Inc. Madison WI Preferred Stock w/ Exercised Warrants 23,200,000 $ Par 

2 3/6/2009 PeoplesSouth Bancshares, Inc. Colquitt GA Preferred Stock w/ Exercised Warrants 12,325,000 $ Par 

3/13/2009 First Place Financial Corp. Warren OH Preferred Stock w/ Warrants 72,927,000 $ Par 

3/13/2009 Salisbury Bancorp, Inc. Lakeville CT Preferred Stock w/ Warrants 8,816,000 $ Par 3/13/2009 First Northern Community Bancorp Dixon CA Preferred Stock w/ Warrants 17,390,000 $ Par 

3/13/2009 Discover Financial Services Riverwoods IL Preferred Stock w/ Warrants 1,224,558,000 $ Par 

3/13/2009 Provident Community Bancshares, Inc. Rock Hill SC Preferred Stock w/ Warrants 9,266,000 $ Par 

3 3/13/2009 First American International Corp. Brooklyn NY Preferred Stock 17,000,000 $ Par 

2 3/13/2009 BancIndependent, Inc. Sheffield AL Preferred Stock w/ Exercised Warrants 21,100,000 $ Par 

2 3/13/2009 Haviland Bancshares, Inc. Haviland KS Preferred Stock w/ Exercised Warrants 425,000 $ Par ,

2 3/13/2009 1st United Bancorp, Inc. Boca Raton FL Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 11/18/2009 

2 3/13/2009 Madison Financial Corporation Richmond KY Preferred Stock w/ Exercised Warrants 3,370,000 $ Par 2 3/13/2009 First National Corporation Strasburg VA Preferred Stock w/ Exercised Warrants 13,900,000 $ Par 

2 3/13/2009 St. Johns Bancshares, Inc. St. Louis MO Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 

2 3/13/2009 Blackhawk Bancorp, Inc. Beloit WI Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 

2, 3a - 

11/13/2009 3/13/2009 IBW Financial Corporation Washington DC Preferred Stock 6,000,000 $ Par 

2 3/13/2009 Butler Point, Inc. Catlin IL Preferred Stock w/ Exercised Warrants 607,000 $ Par 2 3/13/2009 Bank of George Las Vegas NV Preferred Stock w/ Exercised Warrants 2,672,000 $ Par 

2 3/13/2009 Moneytree Corporation Lenoir City TN Preferred Stock w/ Exercised Warrants 9,516,000 $ Par 

2 3/13/2009 Sovereign Bancshares, Inc. Dallas TX Preferred Stock w/ Exercised Warrants 18,215,000 $ Par 2 3/13/2009 First Intercontinental Bank Doraville GA Preferred Stock w/ Exercised Warrants 6,398,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment Dat

Footnote Purchase Date 

Seller Purchase Details Capital R

3/20/2009 Heritage Oaks Bancorp Paso Robles CA Preferred Stock w/ Warrants 21,000,000 $ Par 

2 3/20/2009 Community First Bancshares Inc. Union City TN Preferred Stock w/ Exercised Warrants 20,000,000 $ Par 

2 3/20/2009 First NBC Bank Holding Company New Orleans LA Preferred Stock w/ Exercised Warrants 17,836,000 $ Par 2 3/20/2009 First Colebrook Bancorp, Inc. Colebrook NH Preferred Stock w/ Exercised Warrants 4,500,000 $ Par 2 3/20/2009 Kirksville Bancorp, Inc. Kirksville MO Preferred Stock w/ Exercised Warrants 470,000 $ Par 

2 3/20/2009 Peoples Bancshares of TN, Inc Madisonville TN Preferred Stock w/ Exercised Warrants 3,900,000 $ Par 

2 3/20/2009 Premier Bank Holding Company Tallahassee FL Preferred Stock w/ Exercised Warrants 9,500,000 $ Par 2 3/20/2009 Citizens Bank & Trust Company Covington LA Preferred Stock w/ Exercised Warrants 2,400,000 $ Par 2 3/20/2009 Farmers & Merchants Financial Corporation Argonia KS Preferred Stock w/ Exercised Warrants 442,000 $ Par 

2 3/20/2009 Farmers State Bankshares, Inc. Holton KS Preferred Stock w/ Exercised Warrants 700,000 $ Par 

2 3/27/2009 SBT Bancorp, Inc. Simsbury CT Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 

2 3/27/2009 CSRA Bank Corp. Wrens GA Preferred Stock w/ Exercised Warrants 2,400,000 $ Par 2 3/27/2009 Trinity Capital Corporation Los Alamos NM Preferred Stock w/ Exercised Warrants 35,539,000 $ Par 2 3/27/2009 Clover Community Bankshares, Inc. Clover SC Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 

2 3/27/2009 Pathway Bancorp Cairo NE Preferred Stock w/ Exercised Warrants 3,727,000 $ Par 

2 3/27/2009 Colonial American Bank West Conshohocken PA Preferred Stock w/ Exercised Warrants 574,000 $ Par 2 3/27/2009 MS Financial, Inc. Kingwood TX Preferred Stock w/ Exercised Warrants 7,723,000 $ Par 2 3/27/2009 Triad Bancorp, Inc. Frontenac MO Preferred Stock w/ Exercised Warrants 3,700,000 $ Par 

2 3/27/2009 Alpine Banks of Colorado Glenwood Springs CO Preferred Stock w/ Exercised Warrants 70,000,000 $ Par 2 3/27/2009 Naples Bancorp, Inc. Naples FL Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2 3/27/2009 CBS Banc-Corp. Russellville AL Preferred Stock w/ Exercised Warrants 24,300,000 $ Par 

2 3/27/2009 IBT Bancorp, Inc. Irving TX Preferred Stock w/ Exercised Warrants 2,295,000 $ Par 

2 3/27/2009 Spirit BankCorp, Inc. Bristow OK Preferred Stock w/ Exercised Warrants 30,000,000 $ Par 2 3/27/2009 Maryland Financial Bank Towson MD Preferred Stock w/ Exercised Warrants 1,700,000 $ Par 

4/3/2009 First Capital Bancorp, Inc. Glen Ellen VA Preferred Stock w/ Warrants 10,958,000 $ Par 

2, 3 4/3/2009 Tri-State Bank of Memphis Memphis TN Preferred Stock 2,795,000 $ Par 

2 4/3/2009 Fortune Financial Corporation Arnold MO Preferred Stock w/ Exercised Warrants 3,100,000 $ Par 

2 4/3/2009 BancStar, Inc. Festus MO Preferred Stock w/ Exercised Warrants 8,600,000 $ Par 

2 4/3/2009 Titonka Bancshares, Inc Titonka IA Preferred Stock w/ Exercised Warrants 2,117,000 $ Par 2 4/3/2009 Millennium Bancorp, Inc. Edwards CO Preferred Stock w/ Exercised Warrants 7,260,000 $ Par 2 4/3/2009 TriSummit Bank Kingsport TN Preferred Stock w/ Exercised Warrants 2,765,000 $ Par 

2 4/3/2009 Prairie Star Bancshares, Inc. Olathe KS Preferred Stock w/ Exercised Warrants 2,800,000 $ Par 

2 4/3/2009 Community First Bancshares, Inc. Harrison AR Preferred Stock w/ Exercised Warrants 12,725,000 $ Par 

2 4/3/2009 BCB Holding Company, Inc. Theodore AL Preferred Stock w/ Exercised Warrants 1,706,000 $ Par 3 4/10/2009 City National Bancshares Corporation Newark NJ Preferred Stock 9,439,000 $ Par 2 4/10/2009 First Business Bank, N.A. San Diego CA Preferred Stock w/ Exercised Warrants 2,211,000 $ Par 2 4/10/2009 SV Financial, Inc. Sterling IL Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2 4/10/2009 Capital Commerce Bancorp, Inc. Milwaukee WI Preferred Stock w/ Exercised Warrants 5,100,000 $ Par 2 4/10/2009 Metropolitan Capital Bancorp, Inc. Chicago IL Preferred Stock w/ Exercised Warrants 2,040,000 $ Par 

4/17/2009 Bank of the Carolinas Corporation Mocksville NC Preferred Stock w/ Warrants 13,179,000 $ Par 

2 4/17/2009 Penn Liberty Financial Corp. Wayne PA Preferred Stock w/ Exercised Warrants 9,960,000 $ Par 2 4/17/2009 Tifton Banking Company Tifton GA Preferred Stock w/ Exercised Warrants 3,800,000 $ Par 2 4/17/2009 Patterson Bancshares, Inc Patterson LA Preferred Stock w/ Exercised Warrants 3,690,000 $ Par 2 4/17/2009 BNB Financial Services Corporation New York NY Preferred Stock w/ Exercised Warrants 7,500,000 $ Par 2 4/17/2009 Omega Capital Corp. Lakewood CO Preferred Stock w/ Exercised Warrants 2,816,000 $ Par 

4/24/2009 Mackinac Financial Corporation Manistique MI Preferred Stock w/ Warrants 11,000,000 $ Par 

2 4/24/2009 Birmingham Bloomfield Bancshares, Inc Birmingham MI Preferred Stock w/ Exercised Warrants 1,635,000 $ Par 

2 4/24/2009 Vision Bank - Texas Richardson TX Preferred Stock w/ Exercised Warrants 1,500,000 $ Par 

2 4/24/2009 Oregon Bancorp, Inc. Salem OR Preferred Stock w/ Exercised Warrants 3,216,000 $ Par 

2 4/24/2009 Peoples Bancorporation, Inc. Easley SC Preferred Stock w/ Exercised Warrants 12,660,000 $ Par 2 4/24/2009 Indiana Bank Corp. Dana IN Preferred Stock w/ Exercised Warrants 1,312,000 $ Par 2 4/24/2009 Business Bancshares, Inc. Clayton MO Preferred Stock w/ Exercised Warrants 15,000,000 $ Par 2 4/24/2009 Standard Bancshares, Inc. Hickory Hills IL Preferred Stock w/ Exercised Warrants 60,000,000 $ Par 2 4/24/2009 York Traditions Bank York PA Preferred Stock w/ Exercised Warrants 4,871,000 $ Par 2 4/24/2009 Grand Capital Corporation Tulsa OK Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2 4/24/2009 Allied First Bancorp, Inc. Oswego IL Preferred Stock w/ Exercised Warrants 3,652,000 $ Par 8 4/24/2009 Frontier Bancshares, Inc. Austin TX Subordinated Debentures w/ Exercised Warrants $ Par 11/24/2009 3,000,000 

5/1/2009 Village Bank and Trust Financial Corp Midlothian VA Preferred Stock w/ Warrants 14,738,000 $ Par 

2 5/1/2009 CenterBank Milford OH Preferred Stock w/ Exercised Warrants 2,250,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment Dat

Footnote Purchase Date 

Seller Purchase Details Capital R

2 5/1/2009 Georgia Primary Bank Atlanta GA Preferred Stock w/ Exercised Warrants 4,500,000 $ Par 

2 5/1/2009 Union Bank & Trust Company Oxford NC Preferred Stock w/ Exercised Warrants 3,194,000 $ Par 2 5/1/2009 HPK Financial Corporation Chicago IL Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 8 5/1/2009 OSB Financial Services, Inc. Orange TX Subordinated Debentures w/ Exercised Warrants $ Par 6,100,0008 5/1/2009 Security State Bank Holding-Company Jamestown ND Subordinated Debentures w/ Exercised Warrants $ Par 10,750,0002 5/8/2009 Highlands State Bank Vernon NJ Preferred Stock w/ Exercised Warrants 3,091,000 $ Par 2 5/8/2009 One Georgia Bank Atlanta GA Preferred Stock w/ Exercised Warrants 5,500,000 $ Par 2 5/8/2009 Gateway Bancshares, Inc. Ringgold GA Preferred Stock w/ Exercised Warrants 6,000,000 $ Par 8 5/8/2009 Freeport Bancshares, Inc. Freeport IL Subordinated Debentures w/ Exercised Warrants $ Par 3,000,0008 5/8/2009 Investors Financial Corporation of Pettis County, Inc. Sedalia MO Subordinated Debentures w/ Exercised Warrants $ Par 4,000,0008 5/8/2009 Sword Financial Corporation Horicon WI Subordinated Debentures w/ Exercised Warrants $ Par 13,644,000

3, 8 5/8/2009 Premier Bancorp, Inc. Wilmette IL Subordinated Debentures 6,784,000 $ Par 

5/15/2009 Mercantile Bank Corporation Grand Rapids MI Preferred Stock w/ Warrants 21,000,000 $ Par 

2 5/15/2009 Northern State Bank Closter NJ Preferred Stock w/ Exercised Warrants 1,341,000 $ Par 2 5/15/2009 Western Reserve Bancorp, Inc Medina OH Preferred Stock w/ Exercised Warrants 4,700,000 $ Par 2 5/15/2009 Community Financial Shares, Inc. Glen Ellyn IL Preferred Stock w/ Exercised Warrants 6,970,000 $ Par 2 5/15/2009 Worthington Financial Holdings, Inc. Huntsville AL Preferred Stock w/ Exercised Warrants 2,720,000 $ Par 2 5/15/2009 First Community Bancshares, Inc Overland Park KS Preferred Stock w/ Exercised Warrants 14,800,000 $ Par 

2 5/15/2009 Southern Heritage Bancshares, Inc. Cleveland TN Preferred Stock w/ Exercised Warrants 4,862,000 5/15/2009 S h Hi B h I Cl l d TN P f dS k /E i dW $ Par $ 4 862 000 P2 5/15/2009 Foresight Financial Group, Inc. Rockford IL Preferred Stock w/ Exercised Warrants 15,000,000 $ Par 

3, 8 5/15/2009 IBC Bancorp, Inc. Chicago IL Subordinated Debentures 4,205,000 $ Par 

8 5/15/2009 Boscobel Bancorp, Inc Boscobel WI Subordinated Debentures w/ Exercised Warrants $ Par 5,586,0008 5/15/2009 Brogan Bankshares, Inc. Kaukauna WI Subordinated Debentures w/ Exercised Warrants $ Par 2,400,0008 5/15/2009 Riverside Bancshares, Inc. Little Rock AR Subordinated Debentures w/ Exercised Warrants $ Par 1,100,0008 5/15/2009 Deerfield Financial Corporation Deerfield WI Subordinated Debentures w/ Exercised Warrants $ Par 2,639,0008 5/15/2009 Market Street Bancshares, Inc. Mt. Vernon IL Subordinated Debentures w/ Exercised Warrants $ Par 20,300,0002 5/22/2009 The Landrum Company Columbia MO Preferred Stock w/ Exercised Warrants 15,000,000 $ Par 2 5/22/2009 First Advantage Bancshares Inc. Coon Rapids MN Preferred Stock w/ Exercised Warrants 1,177,000 $ Par 2 5/22/2009 Fort Lee Federal Savings Bank Fort Lee NJ Preferred Stock w/ Exercised Warrants 1,300,000 $ Par 2 5/22/2009 Blackridge Financial, Inc. Fargo ND Preferred Stock w/ Exercised Warrants 5,000,000 $ Par 2 5/22/2009 Illinois State Bancorp, Inc. Chicago IL Preferred Stock w/ Exercised Warrants 6,272,000 $ Par 2 5/22/2009 Universal Bancorp Bloomfield IN Preferred Stock w/ Exercised Warrants 9,900,000 $ Par 2 5/22/2009 Franklin Bancorp, Inc. Washington MO Preferred Stock w/ Exercised Warrants 5,097,000 $ Par 8 5/22/2009 Commonwealth Bancshares, Inc. Louisville KY Subordinated Debentures w/ Exercised Warrants $ Par 20,400,000

8 5/22/2009 Premier Financial Corp Dubuque IA Subordinated Debentures w/ Exercised Warrants $ Par 6,349,0008 5/22/2009 F & C Bancorp, Inc. Holden MO Subordinated Debentures w/ Exercised Warrants $ Par 2,993,0008 5/22/2009 Diamond Bancorp, Inc. Washington MO Subordinated Debentures w/ Exercised Warrants $ Par 20,445,0008 5/22/2009 United Bank Corporation Barnesville GA Subordinated Debentures w/ Exercised Warrants $ Par 14,400,000

5/29/2009 Community Bank Shares of Indiana, Inc. New Albany IN Preferred Stock w/ Warrants $ Par 19,468,000

2 5/29/2009 American Premier Bancorp Arcadia CA Preferred Stock w/ Exercised Warrants $ Par 1,800,0002 5/29/2009 CB Holding Corp. Aledo IL Preferred Stock w/ Exercised Warrants $ Par 4,114,0002 5/29/2009 Citizens Bancshares Co. Chillicothe MO Preferred Stock w/ Exercised Warrants $ Par 24,990,0002 5/29/2009 Grand Mountain Bancshares, Inc. Granby CO Preferred Stock w/ Exercised Warrants $ Par 3,076,0002 5/29/2009 Two Rivers Financial Group Burlington IA Preferred Stock w/ Exercised Warrants $ Par 12,000,0008 5/29/2009 Fidelity Bancorp, Inc Baton Rouge LA Subordinated Debentures w/ Exercised Warrants $ Par 3,942,0008 5/29/2009 Chambers Bancshares, Inc. Danville AR Subordinated Debentures w/ Exercised Warrants $ Par 19,817,000

2 6/5/2009 Covenant Financial Corporation Clarksdale MS Preferred Stock w/ Exercised Warrants $ Par 5,000,000
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment Dat

Footnote Purchase Date 

Seller Purchase Details Capital R

8 6/5/2009 First Trust Corporation New Orleans LA Subordinated Debentures w/ Exercised Warrants $ Par 17,969,000

8, 10 6/5/2009 OneFinancial Corporation Little Rock AR Subordinated Debentures w/ Exercised Warrants $ Par 17,300,000

2 6/12/2009 Berkshire Bancorp, Inc. Wyomissing PA Preferred Stock w/ Exercised Warrants $ Par 2,892,000

2, 10 6/12/2009 First Vernon Bancshares, Inc. Vernon AL Preferred Stock w/ Exercised Warrants $ Par 6,000,000

2 6/12/2009 SouthFirst Bancshares, Inc. Sylacauga AL Preferred Stock w/ Exercised Warrants $ Par 2,760,000

2, 10 6/12/2009 Virginia Company Bank Newport News VA Preferred Stock w/ Exercised Warrants $ Par 4,700,000

2 6/12/2009 Enterprise Financial Services Group, Inc. Allison Park PA Preferred Stock w/ Exercised Warrants $ Par 4,000,000

8, 10 6/12/2009 First Financial Bancshares, Inc. Lawrence KS Subordinated Debentures w/ Exercised Warrants $ Par 3,756,000

8 6/12/2009 River Valley Bancorporation, Inc. Wausau WI Subordinated Debentures w/ Exercised Warrants $ Par 15,000,0002 6/19/2009 Merchants and Manufacturers Bank Corporation Joliet IL Preferred Stock w/ Exercised Warrants $ Par 3,510,000

2, 10 6/19/2009 RCB Financial Corporation Rome GA Preferred Stock w/ Exercised Warrants $ Par 8,900,000

8 6/19/2009 Manhattan Bancshares, Inc. Manhattan IL Subordinated Debentures w/ Exercised Warrants $ Par 2,639,000

8, 10 6/19/2009 Biscayne Bancshares, Inc. Coconut Grove FL Subordinated Debentures w/ Exercised Warrants $ Par 6,400,000

8 6/19/2009 Duke Financial Group, Inc. Minneapolis MN Subordinated Debentures w/ Exercised Warrants $ Par 12,000,0008 6/19/2009 Farmers Enterprises, Inc. Great Bend KS Subordinated Debentures w/ Exercised Warrants $ Par 12,000,0008 6/19/2009 Century Financial Services Corporation Santa Fe NM Subordinated Debentures w/ Exercised Warrants 8 6/19/2009 Century Financial Services Corporation Santa Fe NM $ Par 10,000,000

Warrants $ 10,000,000 Par

8 6/19/2009 NEMO Bancshares Inc. Madison MO Subordinated Debentures w/ Exercised Warrants $ Par 2,330,000

3, 8 6/19/2009 University Financial Corp, Inc. St. Paul MN Subordinated Debentures $ Par 11,926,000

8 6/19/2009 Suburban Illinois Bancorp, Inc. Elmhurst IL Subordinated Debentures w/ Exercised Warrants $ Par 15,000,000

6/26/2009 Hartford Financial Services Group, Inc. Hartford CT Preferred Stock w/ Warrants $ Par 3/31/2010 3,400,000,000 

2 6/26/2009 Fidelity Resources Company Plano TX Preferred Stock w/ Exercised Warrants $ Par 3,000,000

2, 10 6/26/2009 Waukesha Bankshares, Inc. Waukesha WI Preferred Stock w/ Exercised Warrants $ Par 5,625,000

2 6/26/2009 FC Holdings, Inc. Houston TX Preferred Stock w/ Exercised Warrants $ Par 21,042,000

2, 10 6/26/2009 Security Capital Corporation Batesville MS Preferred Stock w/ Exercised Warrants $ Par 17,388,000

2 6/26/2009 First Alliance Bancshares, Inc. Cordova TN Preferred Stock w/ Exercised Warrants $ Par 3,422,0002 6/26/2009 Gulfstream Bancshares, Inc. Stuart FL Preferred Stock w/ Exercised Warrants $ Par 7,500,000

2, 10 6/26/2009 Gold Canyon Bank Gold Canyon AZ Preferred Stock w/ Exercised Warrants $ Par 1,607,000

2, 3, 10 6/26/2009 M&F Bancorp, Inc. Durham NC Preferred Stock $ Par 11,735,000

2 6/26/2009 Metropolitan Bank Group, Inc. Chicago IL Preferred Stock w/ Exercised Warrants $ Par 71,526,0002 6/26/2009 NC Bancorp, Inc. Chicago IL Preferred Stock w/ Exercised Warrants $ Par 6,880,0002 6/26/2009 Alliance Bancshares, Inc. Dalton GA Preferred Stock w/ Exercised Warrants $ Par 2,986,0008 6/26/2009 Stearns Financial Services, Inc. St. Cloud MN Subordinated Debentures w/ Exercised 

Warrants $ Par 24,900,000

8 6/26/2009 Signature Bancshares, Inc. Dallas TX Subordinated Debentures w/ Exercised Warrants $ Par 1,700,0008 6/26/2009 Fremont Bancorporation Fremont CA Subordinated Debentures w/ Exercised 

Warrants $ Par 35,000,000

8 6/26/2009 Alliance Financial Services Inc. Saint Paul MN Subordinated Debentures w/ Exercised Warrants $ Par 12,000,000

7/10/2009 Lincoln National Corporation Radnor PA Preferred Stock w/ Warrants 950,000,000 $ Par 

2, 10 7/10/2009 Bancorp Financial, Inc. Oak Brook IL Preferred Stock w/ Exercised Warrants $ Par 13,669,000

2 7/17/2009 7/17/2009 Brotherhood Bancshares Inc Brotherhood Bancshares, Inc. Kansas City Kansas City KS Preferred Stock w/ Exercised Warrants Preferred Stock w/ Exercised Warrants $ 11 000 000 11,000,000 Par

2 7/17/2009 SouthCrest Financial Group, Inc. Fayetteville GA Preferred Stock w/ Exercised Warrants $ Par 12,900,000

2,3 7/17/2009 Harbor Bankshares Corporation Baltimore MD Preferred Stock $ Par 6,800,000

8 7/17/2009 First South Bancorp, Inc. Lexington TN Subordinated Debentures w/ Exercised Warrants $ Par 50,000,0008 7/17/2009 Great River Holding Company Baxter MN Subordinated Debentures w/ Exercised Warrants $ Par 8,400,000

8, 10 7/17/2009 Plato Holdings Inc. Saint Paul MN Subordinated Debentures w/ Exercised Warrants $ Par 2,500,000

7/24/2009 Yadkin Valley Financial Corporation Elkin NC Preferred Stock w/ Warrants $ Par 13,312,000

2, 10 7/24/2009 Community Bancshares, Inc. Kingman AZ Preferred Stock w/ Exercised Warrants $ Par 3,872,000

2 7/24/2009 Florida Bank Group, Inc. Tampa FL Preferred Stock w/ Exercised Warrants $ Par 20,471,000
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment Dat

Footnote Purchase Date 

Seller Purchase Details Capital R

8 7/24/2009 First American Bank Corporation Elk Grove Village IL Subordinated Debentures w/ Exercised Warrants $ Par 50,000,0002 7/31/2009 Chicago Shore Corporation Chicago IL Preferred Stock w/ Exercised Warrants $ Par 7,000,000

8, 10 7/31/2009 Financial Services of Winger, Inc. Winger MN Subordinated Debentures w/ Exercised Warrants $ Par 3,742,000

2 8/7/2009 The ANB Corporation Terrell TX Preferred Stock w/ Exercised Warrants $ Par 20,000,0002 8/7/2009 U.S. Century Bank Miami FL Preferred Stock w/ Exercised Warrants $ Par 50,236,0002 8/14/2009 Bank Financial Services, Inc. Eden Prarie MN Preferred Stock w/ Exercised Warrants $ Par 1,004,0002 8/21/2009 KS Bancorp, Inc. Smithfield NC Preferred Stock w/ Exercised Warrants $ Par 4,000,0008 8/21/2009 AmFirst Financial Services, Inc. McCook NE Subordinated Debentures w/ Exercised Warrants $ Par 5,000,000

2, 3 8/28/2009 First Independence Corporation Detroit MI Preferred Stock $ Par 3,223,000

2 8/28/2009 First Guaranty Bancshares, Inc. Hammond LA Preferred Stock w/ Exercised Warrants $ Par 20,699,000

2, 10 8/28/2009 CoastalSouth Bancshares, Inc. Hilton Head Island SC Preferred Stock w/ Exercised Warrants $ Par 16,015,0008, 10 8/28/2009 TCB Corporation Greenwood SC Subordinated Debentures w/ Exercised Warrants $ Par 9,720,0008, 10 9/4/2009 The State Bank of Bartley Bartley NE Subordinated Debentures w/ Exercised Warrants $ Par 1,697,000

9/11/2009 Pathfinder Bancorp, Inc. Oswego NY Preferred Stock w/ Warrants $ Par 6,771,000

2 9/11/2009 Community Bancshares of Mississippi, Inc. Brandon MS Preferred Stock w/ Exercised Warrants 52,000,000 $ Par 

2, 10 9/11/2009 Heartland Bancshares, Inc. Franklin IN Preferred Stock w/ Exercised Warrants $ Par 7,000,0002, 10 9/11/2009 PFSB Bancorporation, Inc. Pigeon Falls WI Preferred Stock w/ Exercised Warrants $ Par 1,500,000

8 9/11/2009 Fi E l B h I H Pk IL Subordinated Debentures w/ Exercised 8 9/11/2009 First Eagle Bancshares, Inc. Hanover Park IL $ 7 500 000 P Subordinated Debentures w/ Exercised Warrants $ Par 7,500,000

2, 10 9/18/2009 IA Bancorp, Inc. Iselin NJ Preferred Stock w/ Exercised Warrants 5,976,000 $ Par 2, 10 9/18/2009 HomeTown Bankshares Corporation Roanoke VA Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 2, 10 9/25/2009 Heritage Bankshares, Inc. Norfolk VA Preferred Stock w/ Exercised Warrants 10,103,000 $ Par 

2 9/25/2009 Mountain Valley Bancshares, Inc. Cleveland GA Preferred Stock w/ Exercised Warrants 3,300,000 $ Par 8 9/25/2009 Grand Financial Corporation Hattiesburg MS Subordinated Debentures w/ Exercised Warrants $ Par 2,443,320

3, 8 9/25/2009 Guaranty Capital Corporation Belzoni MS Subordinated Debentures 14,000,000 $ Par 

10, 21 9/25/2009 GulfSouth Private Bank Destin FL Preferred Stock w/ Exercised Warrants 7,500,000 $ Par 

8, 10 9/25/2009 Steele Street Bank Corporation Denver CO Subordinated Debentures w/ Exercised Warrants $ Par 11,019,000

10/2/2009 Premier Financial Bancorp, Inc. Huntington WV Preferred Stock w/ Warrants 22,252,000 $ Par 

2, 10 10/2/2009 Providence Bank Rocky Mount NC Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2, 10 10/23/2009 Regents Bancshares, Inc. Vancouver WA Preferred Stock w/ Exercised Warrants 12,700,000 $ Par 

8 10/23/2009 Cardinal Bancorp II, Inc. Washington MO

Subordinated Debentures w/ Exercised Warrants 6,251,000 $ Par 

2 10/30/2009 Randolph Bank & Trust Company Asheboro NC Preferred Stock w/ Exercised Warrants $ Par 6,229,000

2, 10a 10/30/2009 WashingtonFirst Bankshares, Inc. Reston VA Preferred Stock $ Par 6,842,0002, 10a 11/6/2009 F & M Bancshares, Inc. Trezevant TN Preferred Stock $ Par 3,535,000

2, 10 11/13/2009 Fidelity Federal Bancorp Evansville IN Preferred Stock w/ Exercised Warrants $ Par 6,657,0008, 10 11/13/2009 Community Pride Bank Corporation Ham Lake MN

Subordinated Debentures w/ Exercised Warrants 4,400,000 $ Par 

2, 10a 11/13/2009 HPK Financial Corporation Chicago IL Preferred Stock w/ Exercised Warrants $ Par 5,000,000

2, 10 11/20/2009 Presidio Bank San Francisco CA Preferred Stock w/ Exercised Warrants $ Par 10,800,000

2 11/20/2009 McLeod Bancshares, Inc. Shorewood MN Preferred Stock w/ Exercised Warrants $ Par 6,000,000

2, 10a 11/20/2009 Metropolitan Capital Bancorp, Inc. Chicago IL Preferred Stock $ Par 2,348,0003, 10a 12/4/2009 Broadway Financial Corporation Los Angeles CA Preferred Stock $ Par 6,000,000

2 12/4/2009 12/4/2009 Delmar Bancorp Delmar Bancorp Delmar MD Preferred Stock w/ Exercised Warrants Preferred Stock w/ Exercised Warrants $ 9,000,000 9,000,000 Par

2, 10 12/4/2009 Liberty Bancshares, Inc. Fort Worth TX Preferred Stock w/ Exercised Warrants $ Par 6,500,000

2 12/11/2009 First Community Financial Partners, Inc. Joliet IL Preferred Stock w/ Exercised Warrants $ Par 22,000,000

2, 10 12/11/2009 Wachusett Financial Services, Inc. Clinton MA Preferred Stock w/ Exercised Warrants $ Par 12,000,000

8 12/11/2009 Nationwide Bankshares, Inc. West Point NE Subordinated Debentures w/ Exercised Warrants $ Par 2,000,000

2, 10a 12/11/2009 GrandSouth Bancorporation Greenville SC Preferred Stock $ Par 6,319,0002, 10a 12/11/2009 1st Enterprise Bank Los Angeles CA Preferred Stock $ Par 6,000,0002, 10a 12/11/2009 First Resource Bank Exton PA Preferred Stock $ Par 2,417,0002, 10a 12/11/2009 First Western Financial, Inc. Denver CO Preferred Stock $ Par 11,881,0002, 10a 12/11/2009 Meridian Bank Devon PA Preferred Stock $ Par 6,335,0002, 10a 12/11/2009 The Victory Bancorp, Inc. Limerick PA Preferred Stock w/ Exercised Warrants $ Par 1,505,0002, 10a 12/11/2009 First Business Bank, N.A. San Diego CA Preferred Stock $ Par 2,032,000
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment Dat

Footnote Purchase Date 

Seller Purchase Details Capital R

2 12/18/2009 Layton Park Financial Group Milwaukee WI Preferred Stock w/ Exercised Warrants $ Par 3,000,000

2, 10 12/18/2009 Centric Financial Corporation Harrisburg PA Preferred Stock w/ Exercised Warrants $ Par 6,056,000

2 12/18/2009 Valley Financial Group, Ltd., 1st State Bank Saginaw MI Preferred Stock w/ Exercised Warrants $ Par 1,300,000

2, 10a 12/18/2009 Cache Valley Banking Company Logan UT Preferred Stock $ Par 4,640,000

2, 10a 12/18/2009 Birmingham Bloomfield Bancshares, Inc Birmingham MI Preferred Stock $ Par 1,744,000

2, 10a 12/18/2009 First Priority Financial Corp. Malvern PA Preferred Stock $ Par 4,596,000

2, 10a 12/18/2009 Northern State Bank Closter NJ Preferred Stock $ Par 1,230,000

2, 10a 12/18/2009 Union Bank & Trust Company Oxford NC Preferred Stock $ Par 2,997,000

2, 10 12/22/2009 First Freedom Bancshares, Inc. Lebanon TN Preferred Stock w/ Exercised Warrants $ Par 8,700,000

2, 10a 12/22/2009 First Choice Bank Cerritos CA Preferred Stock $ Par 2,836,000

2, 10a 12/22/2009 Highlands State Bank Vernon NJ Preferred Stock $ Par 2,359,0002, 10a 12/22/2009 Medallion Bank Salt Lake City UT Preferred Stock w/ Exercised Warrants $ Par 9,698,000

2, 10a 12/22/2009 Catskill Hudson Bancorp, Inc Rock Hill NY Preferred Stock w/ Exercised Warrants $ Par 3,500,000

2, 10a 12/22/2009 TriSummit Bank Kingsport TN Preferred Stock $ Par 4,237,000

2, 10 12/29/2009 Atlantic Bancshares, Inc. Bluffton SC Preferred Stock w/ Exercised Warrants $ Par 2,000,000

2, 10 12/29/2009 Union Financial Corporation Albuquerque NM Preferred Stock w/ Exercised Warrants $ Par 2,179,000

2 12/29/2009 Mainline Bancorp, Inc. Ebensburg PA Preferred Stock w/ Exercised Warrants $ Par 4,500,000

8, 10 12/29/2009 FBHC Holding Company Boulder CO Subordinated Debentures w/ Exercised Warrants $ Par 3,035,000

2, 10a 12/29/2009 Western Illinois Bancshares Inc. Monmouth IL Preferred Stock $ Par 4,567,000

2, 10a 12/29/2009 DeSoto County Bank Horn Lake MS Preferred Stock $ Par 1,508,0002, 10a 12/29/2009 Lafayette Bancorp, Inc. Oxford MS Preferred Stock $ Par 2,453,0002, 10a 12/29/2009 Private Bancorporation, Inc. Minneapolis MN Preferred Stock $ Par 3,262,000

2, 10a 12/29/2009 CBB Bancorp Cartersville GA Preferred Stock $ Par 1,753,0002, 10a 12/29/2009 Illinois State Bancorp, Inc. Chicago IL Preferred Stock w/ Exercised Warrants $ Par 4,000,000

Total Purchase Amount 204,899,330,320 $ 

6/ This amount does not include accrued and unpaid dividends, which must be paid at the time of capital repayment.7/ The proceeds associated with the disposition of this investment do not include accrued and unpaid dividends.8/ Subchapter S corporation; Treasury received a warrant to purchase additional subordinated debentures (unless the institution is a CDFI), which it exercised immediately.9/ In its qualified equity offering, this institution raised more capital than Treasury’s original investment, therefore, the number of Treasury’s shares underlying the warrant was reduced by half.10/ This institution participated in the expansion of CPP for small banks.10a/ This institution received an additional investment through the expansion of CPP for small banks.11/ Treasury made three separate investments in Citigroup Inc. ("Citigroup") under CPP, TIP, and AGP for a total of $49 billion. On 6/9/2009, Treasury entered into an agreement with Citigroup to exchange up to $25 billion of T

Private and Public Exchange Offerings. On 7/23/2009 and 7/30/2009, Treasury exchanged a total of $25 billion of the CPP shares for Series M Common Stock Equivalent (“Series M”) and a warrant to purchase shares of Serion receipt of certain shareholder approvals.12/ On 8/24/2009, Treasury exchanged its Series C Preferred Stock issued by Popular, Inc. for a like amount of non tax-deductible Trust Preferred Securities issued by Popular Capital Trust III, administrative trustee for Popula13/ This institution converted to a bank holding company structure and Treasury exchanged its securities for a like amount of securities that comply with the CPP terms applicable to bank holding companies. The institution in w

14/ As of the date of this report this institution is in bankruptcy proceedings5/ Redemption pursuant to a qualified equity offering.

Total Losses 

TOTAL TREASURY CPP INVESTMENT AMOUNT

1a/ This transaction was included in previous Transaction Reports with Merrill Lynch & Co., Inc. listed as the qualifying institution and a 10/28/2008 transaction date, footnoted to indicate that settlement was deferred pending mon 1/9/2009.1b/ The warrant disposition proceeds amount are stated pro rata in respect of the CPP investments in Bank of America Corporation that occurred on 10/28/2008 and 1/9/2009. The total gross disposition proceeds from CPP w

on 3/3/2010 appear on a following page of this report. 2/ Privately-held qualified financial institution; Treasury received a warrant to purchase additional shares of preferred stock (unless the institution is a CDFI), which it exercised immediately.3/ To promote community development financial institutions (CDFIs), Treasury does not require warrants as part of its investment in certified CDFIs when the size of the investment is $50 million or less.

3a/ Treasury cancelled the warrants received from this institution due to its designation as a CDFI.4/ Repayment pursuant to Title VII, Section 7001(g) of the American Recovery and Reinvestment Act of 2009.

17/ On 12/11/2009, Treasury exchanged its Series A Preferred Stock issued by Superior Bancorp, Inc. for a like amount of non tax-deductible Trust Preferred Securities issued by Superior Capital Trust II, administrative trustee 18/ On 2/1/2010, following the acquisition of First Market Bank (First Market) by Union Bankshares Corporation (the acquiror), the preferred stock and exercised warrants issued by First Market on 2/6/2009 were exchanged foinvestment.19/ On 2/11/2010, Pacific Coast National Bancorp dismissed its bankruptcy proceedings with no recovery to any creditors or investors, including Treasury, and the investment was extinguished.20/ On 3/8/2010, Treasury exchanged its $84,784,000 of Preferred Stock in Midwest Banc Holdings, Inc. (MBHI) for $89,388,000 of Mandatory Convertible Preferred Stock (MCP), which is equivalent to the initial investment am

conditions related to its capital plan, the MCP may be converted to common stock.21/ On 3/30/2010, Treasury exchanged its $7,500,000 of Subordinated Debentures in GulfSouth Private Bank for an equivalent amount of Preferred Stock, in connection with its conversion from a Subchapter S-Corporation, th

16/ On 12/10/2009, the bankruptcy reorganization plan of CIT Group Inc. became effective and Treasury's preferred stock and warrant investment were extinguished and replaced by Contingent Value Rights (CVRs). On 2/8/214/ As of the date of this report, this institution is in bankruptcy proceedings. 

15/ For final disposition of warrants, "R" represents proceeds from a repurchase of warrants by the financial institution, and "A" represents the proceeds to Treasury, before underwriting fees and selling expenses, from a sale 
12/29/2008 Purchase GMAC Preferred Stock w/ Exercised Warrants $ Par 12/30/2009 5,000,000,000 Exchange for convertible preferred stock $ N/A GMAC 

5,000,000,000 

GMAC GMAC GMAC 

12/30/2009 Purchase GMAC Trust Preferred Securities w/ Exercised Warrants $ Par 2,540,000,00012/30/2009 Purchase GMAC Convertible Preferred Stock w/ Exercised Warrants $ Par 22 1,250,000,00012/29/2008 Purchase General Motors Corporation Debt Obligation 884,024,131 $ Par 2 5/29/2009 Exchange for equity interest in GMAC $ N/A 884,024,131 3

12/31/2008 Purchase General Motors Corporation Debt Obligation w/ Additional Note $ Par 7/10/2009 13,400,000,000 Exchange for preferred and common stock in New GM $ 13,400,000,000 N/A 7

4/22/2009 Purchase General Motors Corporation Debt Obligation w/ Additional Note $ Par 2,000,000,000 4 7/10/2009 Exchange for preferred and common stock in New GM $ 2,000,000,000 N/A 7 General Mo

Company 

5/20/2009 Purchase General Motors Corporation Debt Obligation w/ Additional Note $ Par 4,000,000,000 5 7/10/2009 Exchange for preferred and common stock in New GM $ 4,000,000,000 N/A 7 General Mo

Company 

Exchange for preferred and common stock in New GM $ 360,624,198 N/A

7

General MoHoldings LL

$ Par 360,624,198 

6

7/10/2009

N/A

Pricing 

Mechanism Obligo

General 

Motors Detroit, MI 5/27/2009 Purchase

$ Par 22 12/30/2009 7,500,000,000 Partial exchange for common stock $ 3,000,000,000

GMAC Detroit, MI

5/21/2009 Purchase GMAC Convertible Preferred Stock w/ Exercised Warrants

General Motors Corporation

Debt Obligation w/ Additional Note

Transaction 

Type Seller Description Amount

Pricing 

Mechanism Date

AUTOMOTIVE INDUSTRY FINANCING PROGRAM

Initial Investment Exchange/Transfer/Other Details Treas

City, State Date 

Type Amount 

6/3/2009 Purchase General Motors Corporation Debt Obligation w/ Additional Note $ Par 30,100,000,000 8 7/10/2009 Exchange for preferred and common stock in New GM $ 22,041,706,310 N/A 9

7/10/2009 Transfer of debt to New GM 7,072,488,605 $ N/A 9

7/10/2009 Debt left at Old GM 985,805,085 $ N/A 9 Motors Liqu

Company 

1/16/2009 Purchase Chrysler FinCo Debt Obligation w/ Additional Note $ Par 1,500,000,000 13 

1/2/2009 Purchase Chrysler Holding Debt Obligation w/ Additional Note $ Par 6/10/2009 4,000,000,000 Transfer of debt to New Chrysler $ N/A 500,000,000 19 Chrysler Ho

4/29/2009 Purchase Chrysler Holding Debt Obligation w/ Additional Note $ - - 144/29/2009 Purchase Chrysler Holding Debt Obligation w/ Additional Note $ Par 280,130,642 15 

5/1/2009 Purchase Chrysler LLC Debt Obligation w/ Additional Note $ 1,888,153,580 16

5/20/2009 Purchase Chrysler LLC Debt Obligation w/ Additional Note $ - - 175/27/2009 Purchase Chrysler Group LLC Debt Obligation w/ Additional Note, Equity $ N/A 6,642,000,000 18 6/10/2009 Issuance of equity in New Chrysler $ N/A - Chrysler Gr

LLC 

Chrysler GrLLC 

Total Initial Investment Amount $ 81 344 932 551 

Chrylser Auburn Hills, MI

Chrysler 

FinCo

Farmington 

Hills, MI

$ 81,344,932,551 

"Old GM" refers to General Motors Corporation, which is now known as Motors Liquidation Company."New GM" refers to General Motors Company, the company that purchased Old GM's assets on 7/10/2009 in a sale pursuant to section 363 of the Bankruptcy Code. See also footnote 11."Chrysler FinCo" refers to Chrysler Financial Services Americas LLC."Chrysler Holding" refers to CGI Holding LLC, the company formerly known as "Chrysler Holding LLC".

Total Initial Investment Amount 

As used in this table and its footnotes:"GMAC" refers to GMAC Inc., formerly known as GMAC LLC.
AUTOMOTIVE SUPPLIER SUPPORT PROGRAM

17. This transaction was an amendment to Treasury's commitment under the Chrysler DIP Loan, which increased Treasury's commitment by an amount $756,857,000 to a total of $3.8 billion under the Chrysler DIP Loan. As of 6/30/2009, Treasury's ob

18. This transaction, first reported based on a term sheet fully executed on 5/27/2009 for an amount up to $6.943 billion, was set forth in a credit agreement with New Chrysler fully executed on 6/10/2009. Under the terms of the credit agreement, Treasu

6/10/2009 from Chrysler Holding originally incurred under Treasury's 1/2/2009 credit agreement with Chrysler Holding. The debt obligations are secured by a first priority lien on the assets of New Chrysler. When the sale to new Chrysler was completed19. Pursuant to the agreement explained in footnote 18, $500 million of this debt obligation was assumed by New Chrysler. 20. Under the terms of an agreement dated 7/23/2009, Treasury agreed to hold the outstanding loans of Chrysler Holding in forbearance, and Chrysler Holding agreed to pay the greater of $1.375 billion or 40% of the equity value of Chrysler FinCo in th

21. Amount of the Treasury investment after exchange includes the exercised warrants from Treasury's initial investment. 22. Under the terms of an agreement dated 12/30/2009, the convertible preferred shares will mandatorily convert to common stock under the conditions and the conversion price as set forth in the terms of the agreement. 11. Pursuant to a corporate reorganization completed on or about 10/19/2009, the shareholders of New GM, including with respect to Treasury's preferred and common stock, became shareholders of General Motors Holding Company (the ultimate pareNew GM was converted to "General Motors LLC". General Motors LLC is a wholly owned subsidiary of General Motors Holdings LLC, and General Motors Holdings LLC is a wholly owned subsidiary of General Motors Company.12. Pursuant to a corporate reorganization completed on 10/19/2009, Treasury's loan with New GM was assigned and assumed by General Motors Holdings LLC.13. The loan was funded through Chrysler LB Receivables Trust, a special purpose vehicle created by Chrysler FinCo. The amount of $1,500,000,000 represents the maximum loan amount. The loan was incrementally funded until it reached the maxim14. This transaction was an amendment to Treasury's 1/2/2009 agreement with Chrysler Holding. As of 4/30/2009, Treasury's obligation to lend any funds committed under this amendment had terminated. No funds were disbursed.15. The loan was used to capitalize Chrysler Warranty SPV LLC, a special purpose vehicle created by Old Chrysler. 16. This transaction was set forth in a credit agreement with Old Chrysler fully executed on 5/5/2009 following a term sheet executed on 5/1/2009 and made effective on 4/30/2009. Treasury's commitment was $3.04 billion of the total $4.1 billion debtor

had terminated. The remaining principal amount reflects the final amount of funds disbursed under the Chrylser DIP Loan.5. This transaction was a further amendment to the Old GM Loan, which brought the total loan amount to $19,400,000,000.6. This transaction was a further amendment to the Old GM Loan, which brought the total loan amount to $19,760,624,198. The $360,624,198 loan was used to capitalize GM Warranty LLC, a special purpose vehicle created by . On 7/10/2009, the pri

7. On 7/10/2009, the principal amount outstanding under the Old GM Loan and interest accrued thereunder were extinguished and exchanged for privately placed preferred and common equity in New GM. (See green lines in the table above.)8. Under the terms of the $33.3 billion debtor-in-possession credit agreement dated 6/3/2009 with Old GM (the "GM DIP Loan"), Treasury's commitment amount was $30.1 billion. The remaining $2.2 billion of the financing was provided by Canadian go

9. On 7/10/2009, Treasury and Old GM amended the GM DIP Loan, and the principal amount and interest accrued thereunder were extinguished and exchanged for privately placed preferred and common equity in New GM, except for (i) $7.07 billion, w(see transactions marked by green lines in table above) and (ii) $986 million, which remained a debt obligation of Old GM. 10. In total, for the exchange of the Old GM Loan and the GM DIP Loan (other than as explained in footnote 9), Treasury received $2.1 billion in preferred shares and 60.8% of the common shares of New GM. (See transactions marked by green lines in 

1. Payment amount does not include accrued and unpaid interest on a debt obligation, which must be paid at the time of principal repayment.2. Treasury committed to lend General Motors Corporation up to $1,000,000,000. The ultimate funding was dependent upon the level of investor participation in GMAC LLC's rights offering. The amount has been updated to reflect the final level of fun3. Pursuant to its rights under the loan agreement with Old GM reported on 12/29/2008, Treasury exchanged its $884 million loan to Old GM for a portion of Old GM’s common equity interest in GMAC. Treasury held a 35.4% common equity interest in 

4. This transaction is an amendment to Treasury's 12/31/2008 agreement with Old GM (the "Old GM Loan"), which brought the total loan amount to $15,400,000,000."Old Chrysler" refers to Chrysler LLC."New Chrysler" refers to Chrysler Group LLC, the company that purchased Old Chrysler's assets on 6/10/2009 in a sale pursuant to section 363 of the Bankruptcy Code.

City State

Adjustm

Amou

2 4/9/2009 Wilmington DE Purchase 1,500,000,000 $ 7/8/2009 3 $ 

(500,0

$ 5,000,000,000 

Adjustment 

Date

1/ The loan was funded through GM Supplier Receivables, LLC, a special purpose vehicle created by General Motors Corporation. The amount of $3,500,000,000 represents the maximum loan amount. The loan will be incrementally funded. The credit 

2/ The loan was funded through Chrysler Receivables SPV LLC, a special purpose vehicle created by Chrysler LLC. The amount of $1,500,000,000 represents the maximum loan amount. The loan will be incrementally funded. The credit agreement was 3/ Treasury issued notice to the institution of the permanent reduced commitment on 7/8/2009; the reduction was effective on 7/1/2009.4/ Does not include accrued and unpaid interest due on the amount of principal repayment, which interest must be paid at the time of principal repayment.5/ All outstanding principal drawn under the credit agreement was repaid.

Chrysler Receivables SPV 

LLC

Debt Obligation w/ Additi l N t

N/A 

INITIAL TOTAL ADJUSTED 

1 4/9/2009 GM Supplier Receivables LLC Wilmington DE Purchase Debt Obligation w/ Additional Note

AUTOMOTIVE SUPPLIER SUPPORT PROGRAM

Footnote Date

Seller

Transaction Type

Investment 

Description 

Investment 

Amount Pricing Mechanism

Adjus

$ N/A 7/8/2009 3,500,000,000 3 $ 

(1,000,0

Name of Institution
Date Name of Institution City State

Capital 

Repayment Date

Capital Repayment 

Amount

Remaining 

Capital Amount

Remaining Capital 

Description Final Disposition Date 3

Di

De

1 12/31/2008 Citigroup Inc. New York NY Purchase

Trust Preferred Securities w/ Warrants $ 20,000,000,000 Par 12/23/2009 2 $ 20,000,000,000 0 $ Warrants

1/16/2009

Bank of America Corporation Charlotte NC Purchase

Preferred Stock w/ Warrants $ 20,000,000,000 Par 12/9/2009

2

 $ 20,000,000,000 $ 0 Warrants 3/3/2010 A W

TOTAL $ 40,000,000,000 $ 40,000,000,000 

$ 0

Date Name of Institution City State

1 1/16/2009 Citigroup Inc. New York NY Guarantee Master Agreement $ 5,000,000,000 

Preferred Stock 

w/ Warrants 2 6/9/2009

Exchange preferred stock for trust preferred securities

Trust Preferred Securities w/ Warrants 

3 12/23/2009 Citigroup Inc. New York NY Termination Termination Agreement $ (5,000,000,000)

TOTAL $ 0

2/ Treasury made three separate investments in Citigroup Inc. ("Citigroup") under CPP, TIP, and AGP for a total of $49 billion. On 6/9/2009, Treasury entered into an agreement with Citigroup to exchange all of Treasury’s investments. On 7/30/2009, Treasury exchanged all of its Fixed R

Preferred Securities. 3/ On 12/23/2009, Treasury entered into a Termination Agreement with the other parties to the Master Agreement which served to terminate Treasury’s guarantee and obligations under the Master Agreement. In connection with the early termination of the guarantee, Treasury agreed to 

subject to the conditions set out in the Termination Agreement, the FDIC may transfer $800 million of Trust Preferred Securities to Treasury at the close of Citigroup’s participation in the FDIC’s Temporary Liquidity Guarantee Program.

 $ 4,034,000,000 $ 4,0

1/ In consideration for the guarantee, Treasury received $4.03 billion of preferred stock, which pays 8% interest.

A

Description Amount Footnote Date Type Description 

ASSET GUARANTEE PROGRAM

Footnote

Initial Investment Premium Exchange/Transfer/Other Details 

Seller

Type Description Guarantee Limit

3/ For final disposition of warrants, "R" represents proceeds from a repurchase of warrants by the financial institution, and "A" represents the proceeds to Treasury, before underwriting fees and selling expenses, from a sale by Treasury in a registered public offering of the warrants issue

TARGETED INVESTMENT PROGRAM

Footnote

Seller

Transaction 

Type Investment Description Investment Amount

Pricing 

Mechanism

Capital Repayment Details

Treasury Investment Remaining After Capital 

Repayment Final Dis

AMOUNT Total Warrant Proceed

TOTAL TREASURY TIP INVESTMENT AMOUNT

1/ Treasury made three separate investments in Citigroup Inc. ("Citigroup") under CPP, TIP, and AGP for a total of $49 billion. On 6/9/2009, Treasury entered into an agreement with Citigroup to exchange all of Treasury’s investments. On 7/30/2009, Treasury exchanged all of its Fixed R

Stock, Series I (TIP Shares) “dollar for dollar” for Trust Preferred Securities.2/ Repayment pursuant to Title VII, Section 7001 of the American Recovery and Reinvestment Act of 2009.
Name of Institution City State

1 3/3/2009 TALF LLC Wilmington DE Purchase Debt Obligation w/ Additional Note $ 20,000,000,000 N/A

TOTAL $ 20,000,000,000

Seller 

Name of Institution City State 

Transaction 

Type Investment Description Investment Amount Pricing Mech

11/25/2008 AIG New York NY Purchase Preferred Stock w/ Warrants 40,000,000,000 $ Par 

3 4/17/2009 AIG New York NY Purchase Preferred Stock w/ Warrants 29,835,000,000 $ Par 

TOTAL $ 69,835,000,000

1/ On 4/17/2009, Treasury exchanged its Series D Fixed Rate Cumulative Preferred Shares for Series E Fixed Rate Non-Cumulative Preferred Shares with no change to Treasury's initial investment amount. In addition

the cumulative unpaid dividends for the Series D Preferred Shares due to Treasury through and including the exchange date.

1/ The loan was funded through TALF LLC, a special purpose vehicle created by The Federal Reserve Bank of New York. The amount of $20,000,000,000 represents the maximum loan amount. The loan will be increm

funded.

AMERICAN INTERNATIONAL GROUP, INC. (AIG) INVESTMENT PROGRAM

(formerly referred to as Systemically Significant Failing Institutions)

Footnote Date 

Purchase Details 

CONSUMER AND BUSINESS LENDING INITIATIVE INVESTMENT PROGRAM

Footnote Date

Seller Transaction 

Type Investment Description Investment Amount Pricing Mech

the cumulative unpaid dividends for the Series D Preferred Shares due to Treasury through and including the exchange date.

2/ The investment price reflects Treasury's commitment to invest up to $30 billion less a reduction of $165 million representing retention payments AIG Financial Products made to its employees in March 2009.

3/ This transaction does not include AIG's commitment fee of an additional $165 million scheduled to be paid from its operating income in three equal installments over the five-year life of the facility.
Name of Institution City State Date Amount

Repayme

Date

1/11/201

1 9/30/2009 Invesco Legacy Securities Master Fund, L.P. Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par 3/22/2010

6

$ 1,244,437,500

2 9/30/2009 Invesco Legacy Securities Master Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par 3/22/2010

6

$ 2/18/201

2,488,875,000 

1 10/1/2009 Wellington Management Legacy Securities PPIF Master Fund, LP Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par 3/22/2010

6

$ 1,262,037,500

2 10/1/2009 Wellington Management Legacy Securities PPIF Master Fund, LP Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par 3/22/2010

6

$ 2,524,075,000

1 10/2/2009 AllianceBernstein Legacy Securities Master Fund, L.P. Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par 3/22/2010

6

$ 1,244,437,500

2 10/2/2009 AllianceBernstein Legacy Securities Master Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par 3/22/2010

6

$ 2,488,875,000

1 10/2/2009 Blackrock PPIF, L.P. Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par 3/22/2010

6

$ 1,244,437,500

2 10/2/2009 Blackrock PPIF, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par 3/22/2010

6

$ 2,488,875,000

1 10/30/2009 AG GECC PPIF Master Fund, L.P. Wilmington DE Purchase Membership Interest $ Pa 1,111,111,111 r 3/22/2010

6

$ 1,271,337,500

6

$ Par 1/4/2010 2,222,222,222

4

$ 200,000,000

1/12/201

Purchase Debt Obligation w/ Contingent Proceeds

$ Par 1/4/2010 1,111,111,111

2 9/30/2009 UST/TCW Senior Mortgage Securities Fund, L.P. Wilmington DE1 9/30/2009 UST/TCW Senior Mortgage Securities Fund, L.P. Wilmington DE Purchase Membership Interest 

4 156,250,000 $ 1/15/201

LEGACY SECURITIES PUBLIC-PRIVATE INVESTMENT PROGRAM (S-PPIP)

(Revised as of March 24, 2010)

Footnote Date

Seller

Transaction 

Type Investment Description Investment Amount

Pricing 

Mechanism

Adjusted Investment 3 Capital 

2 10/30/2009 AG GECC PPIF Master Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par 3/22/2010 2,542,675,000 $ 

1 11/4/2009 RLJ Western Asset Public/Private Master Fund, L.P. Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par 3/22/2010

6

$ 1,244,437,500

2 11/4/2009 RLJ Western Asset Public/Private Master Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par 3/22/2010

6

$ 2,488,875,000

1 11/25/2009 Marathon Legacy Securities Public-Private Investment Partnership, L.P. Wilmington DE Purchase Membership Interest 1,111,1 $ Pa 11,111 r 3/22/2010

6

$ 1,244,437,500

2 11/25/2009 Marathon Legacy Securities Public-Private Investment Partnership, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par 3/22/2010

6

$ 2,488,875,000

1 12/18/2009 Oaktree PPIP Fund, L.P. Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par 3/22/2010

6

$ 1,244,437,500

2 12/18/2009 Oaktree PPIP Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par 3/22/2010

6

$ 2,488,875,000

TOTAL INVESTMENT AMOUNT $ 30,356,250,000 

6/ Following termination of the TCW fund, the $3.33 billion of obligations have been reallocated to the remaining eight funds pursuant to consent letters from Treasury dated as of 3/22/2010. $133 million of maximum equity capital obligation and $267 million of maximum d

private investors in the TCW fund to the Wellington fund and the AG GECC fund, respectively. The $356 million of final investment in the TCW fund will remain a part of Treasury's total maximum S-PPIP investment amount.

2/ The loan may be incrementally funded. Investment amount represents Treasury's maximum obligation if Treasury and the limited partners other than Treasury fund 100% of their maximum equity obligations.3/ Adjusted to show Treasury's maximum obligations to a fund.4/ On 1/4/2010, Treasury and the fund manager entered into a Winding-Up and Liquidation Agreement. The adjusted amount shows Treasury's final investments in the fund. (See note 6.)5/ Profit after capital repayments will be paid pro rata (subject to prior distribution of Contingent Proceeds to Treasury) to the fund's partners, including Treasury, in respect of their membership interests.1/ The equity amount may be incrementally funded. Investment amount represents Treasury's maximum obligation if the limited partners other than Treasury fund their maximum equity capital obligations.

TOTAL CAPITAL REPA
Servicer Modifying Borrowers' Loans

Name of Institution City State 

4/13/2009 Select Portfolio Servicing Salt Lake City UT Purchase Financial Instrument for Home Loan Modifications $ 376,000,000 

4/13/2009 CitiMortgage, Inc. O'Fallon MO Purchase Financial Instrument for Home Loan Modifications $ 2,071,000,000 4/13/2009 Wells Fargo Bank, NA Des Moines IA Purchase Financial Instrument for Home Loan Modifications $ 2,873,000,000 

HOME AFFORDABLE MODIFICATION PROGRAM

Date 

Transaction 

Type Investment Description 

Cap of Incentive Payments 

on Behalf of Borrowers and 

to Servicers & 

Lenders/Investors (Cap) 1

M

4/13/2009 GMAC Mortgage, Inc. Ft. Washington PA Purchase Financial Instrument for Home Loan Modifications $ 633,000,000 

4/13/2009 Saxon Mortgage Services, Inc. Irving TX Purchase Financial Instrument for Home Loan Modifications $ 407,000,000 

4/13/2009 Chase Home Finance, LLC Iselin NJ Purchase Financial Instrument for Home Loan Modifications $ 3,552,000,000 

4/16/2009 Ocwen Financial Corporation, Inc. West Palm Beach FL Purchase Financial Instrument for Home Loan Modifications $ 659,000,000 

4/17/2009 as 

amended on Bank of America, N.A. Simi Valley CA Purchase Financial Instrument for Home Loan Modifications $ 798,900,000 amended on 

Bank of America, N.A. Simi Valley CA Purchase Financial Instrument for Home Loan Modifications $ 798,900,000 
Servicer Modifying Borrowers' Loans

Name of Institution City State 

Date 

Transaction 

Type Investment Description 

Cap of Incentive Payments 

on Behalf of Borrowers and 

to Servicers & 

Lenders/Investors (Cap) 1

M

4/17/2009 as amended on Countrywide Home Loans Servicing LP Simi Valley CA Purchase Financial Instrument for Home Loan Modifications $ 1,864,000,000 

4/20/2009 Home Loan Services, Inc. Pittsburgh PA Purchase Financial Instrument for Home Loan Modifications $ 319,000,000 4/20/2009 Wilshire Credit Corporation Beaverton OR Purchase Financial Instrument for Home Loan Modifications $ 366,000,000 

4/24/2009 Green Tree Servicing LLC Saint Paul MN Purchase Financial Instrument for Home Loan Modifications $ 156 000 000 4/24/2009 Green Tree Servicing LLC Saint Paul MN Purchase Financial Instrument for Home Loan Modifications $ 156,000,000 

4/27/2009 Carrington Mortgage Services, LLC Santa Ana CA Purchase Financial Instrument for Home Loan Modifications 195,000,000 $ 

5/1/2009 Aurora Loan Services, LLC Littleton CO Purchase Financial Instrument for Home Loan Modifications 798,000,000 $ 

5/28/2009 Nationstar Mortgage LLC Lewisville TX Purchase Financial Instrument for Home Loan Modifications 101,000,000 $ 

6/12/2009 Residential Credit Solutions Fort Worth TX Purchase Financial Instrument for Home Loan Modifications $ 19 400 000 6/12/2009 Residential Credit Solutions Fort Worth TX Purchase Financial Instrument for Home Loan Modifications $ 19,400,000 

6/17/2009 CCO Mortgage Glen Allen VA Purchase Financial Instrument for Home Loan Modifications 16,520,000 $ 
Servicer Modifying Borrowers' Loans

Name of Institution City State 

Date 

Transaction 

Type Investment Description 

Cap of Incentive Payments 

on Behalf of Borrowers and 

to Servicers & 

Lenders/Investors (Cap) 1

M

6/17/2009 RG Mortgage Corporation San Juan PR Purchase Financial Instrument for Home Loan Modifications 57,000,000 $ 

6/19/2009 First Federal Savings and Loan Port Angeles WA Purchase Financial Instrument for Home Loan Modifications 770,000 $ 6/19/2009 Wescom Central Credit Union Anaheim CA Purchase Financial Instrument for Home Loan Modifications 540,000 $ 6/26/2009 Citizens First Wholesale Mortgage Company The Villages FL Purchase Financial Instrument for Home Loan Modifications 30,000 $ 

6/26/2009 Technology Credit Union San Jose CA Purchase Financial Instrument for Home Loan Modifications 70,000 $ 

6/26/2009 National City Bank Miamisburg OH Purchase Financial Instrument for Home Loan Modifications $ 294 980 000 6/26/2009 National City Bank Miamisburg OH Purchase Financial Instrument for Home Loan Modifications $ 294,980,000 

7/1/2009 Wachovia Mortgage, FSB Des Moines IA Purchase Financial Instrument for Home Loan Modifications 634,010,000 $ 

7/1/2009 Bayview Loan Servicing, LLC Coral Gables FL Purchase Financial Instrument for Home Loan Modifications 44,260,000 $ 

7/10/2009 Lake National Bank Mentor OH Purchase Financial Instrument for Home Loan Modifications 100,000 $ 7/10/2009 IBM Southeast Employees' Federal Credit Union Delray Beach FL Purchase Financial Instrument for Home Loan Modifications 87 $ 

0,000 

7/17/2009 MorEquity Inc Evansville IN Purchase Financial Instrument for Home Loan Modifications $ 23 480 000 7/17/2009 MorEquity, Inc. Evansville IN Purchase Financial Instrument for Home Loan Modifications $ 23,480,000 

7/17/2009 PNC Bank, National Association Pittsburgh PA Purchase Financial Instrument for Home Loan Modifications 54,470,000 $ 
Servicer Modifying Borrowers' Loans

Name of Institution City State 

Date 

Transaction 

Type Investment Description 

Cap of Incentive Payments 

on Behalf of Borrowers and 

to Servicers & 

Lenders/Investors (Cap) 1

M

7/17/2009 Farmers State Bank West Salem OH Purchase Financial Instrument for Home Loan Modifications 170,000 $ 7/17/2009 ShoreBank Chicago IL Purchase Financial Instrument for Home Loan Modifications 1,410,000 $ 7/22/2009 American Home Mortgage Servicing, Inc Coppell TX Purchase Financial Instrument for Home Loan Modifications 1,272,490,000 $ 7/22/2009 Mortgage Center, LLC Southfield MI Purchase Financial Instrument for Home Loan Modifications 4,210,000 $ 7/22/2009 Mission Federal Credit Union San Diego CA Purchase Financial Instrument for Home Loan Modifications 860,000 $ 

7/29/2009 First Bank St. Louis MO Purchase Financial Instrument for Home Loan Modifications 6,460,000 $ 7/29/2009 Purdue Employees Federal Credit Union West Lafayette IN Purchase Financial Instrument for Home Loan Modifications 1,090,000 $ 7/29/2009 Wachovia Bank, N.A. Charlotte NC Purchase Financial Instrument for Home Loan Modifications 85,020,000 $ 7/31/2009 J.P.Morgan Chase Bank, NA Lewisville TX Purchase Financial Instrument for Home Loan Modifications 2,699,720,000 $ 7/31/2009 EMC Mortgage Corporation Lewisville TX Purchase Financial Instrument for Home Loan Modifications 707,380,000 $ 

8/5/2009 Lake City Bank Warsaw IN Purchase Financial Instrument for Home Loan Modifications 420,000 $ 

8/5/2009 Oakland Municipal Credit Union Oakland CA Purchase Financial Instrument for Home Loan Modifications 140,000 $ 
Servicer Modifying Borrowers' Loans

Name of Institution City State 

Date 

Transaction 

Type Investment Description 

Cap of Incentive Payments 

on Behalf of Borrowers and 

to Servicers & 

Lenders/Investors (Cap) 1

M

8/5/2009 HomEq Servicing North Highlands CA Purchase Financial Instrument for Home Loan Modifications 674,000,000 $ 

8/12/2009 Litton Loan Servicing LP Houston TX Purchase Financial Instrument for Home Loan Modifications 774,900,000 $ 8/12/2009 PennyMac Loan Services, LLC Calasbasa CA Purchase Financial Instrument for Home Loan Modifications 6,210,000 $ 8/12/2009 Servis One, Inc. Titusville PA Purchase Financial Instrument for Home Loan Modifications 29,730,000 $ 8/28/2009 OneWest Bank Pasadena CA Purchase Financial Instrument for Home Loan Modifications 668,440,000 $ 

8/28/2009 Stanford Federal Credit Union Palo Alto CA Purchase Financial Instrument for Home Loan Modifications 300,000 $ 8/28/2009 RoundPoint Mortgage Servicing Corporation Charlotte NC Purchase Financial Instrument for Home Loan Modifications 570,000 $ 

9/2/2009 Horicon Bank Horicon WI Purchase Financial Instrument for Home Loan Modifications 560,000 $ 

9/2/2009 Vantium Capital, Inc. Plano TX Purchase Financial Instrument for Home Loan Modifications 6,000,000 $ 

9/9/2009 Central Florida Educators Federal Credit Union Lake Mary FL Purchase Financial Instrument for Home Loan Modifications 1,250, $ 

000 

9/9/2009 U.S. Bank National Association Owensboro KY Purchase Financial Instrument for Home Loan Modifications 114,220,000 $ 

9/9/2009 CUC Mortgage Corporation Albany NY Purchase Financial Instrument for Home Loan Modifications 4,350,000 $ 
Servicer Modifying Borrowers' Loans

Name of Institution City State 

Date 

Transaction 

Type Investment Description 

Cap of Incentive Payments 

on Behalf of Borrowers and 

to Servicers & 

Lenders/Investors (Cap) 1

M

9/11/2009 ORNL Federal Credit Union Oak Ridge TN Purchase Financial Instrument for Home Loan Modifications 2,070,000 $ 

9/11/2009 Allstate Mortgage Loans & Investments, Inc. Ocala FL Purchase Financial Instrument for Home Loan Modifications 250,000 $ 

9/11/2009 Metropolitan National Bank Little Rock AR Purchase Financial Instrument for Home Loan Modifications 280,000 $ 

9/11/2009 Franklin Credit Management Corporation Jersey City NJ Purchase Financial Instrument for Home Loan Modifications 27,510,000 $ 

9/16/2009 Bay Federal Credit Union Capitola CA Purchase Financial Instrument for Home Loan Modifications 410,000 $ 

9/23/2009 AMS Servicing, LLC Buffalo NY Purchase Financial Instrument for Home Loan Modifications 4,390,000 $ 

9/23/2009 Schools Financial Credit Union Sacramento CA Purchase Financial Instrument for Home Loan Modifications 390,000 $ 

9/23/2009 Glass City Federal Credit Union Maumee OH Purchase Financial Instrument for Home Loan Modifications 230,000 $ 

9/23/2009 Central Jersey Federal Credit Union Woodbridge NJ Purchase Financial Instrument for Home Loan Modifications 30,000 $ 

9/23/2009 Yadkin Valley Bank Elkin NC Purchase Financial Instrument for Home Loan Modifications 240,000 $ 

9/25/2009 SEFCU Albany NY Purchase Financial Instrument for Home Loan Modifications 440,000 $ 

10/14/2009 Great Lakes Credit Union North Chicago IL Purchase Financial Instrument for Home Loan Modifications 570,000 $ 
Servicer Modifying Borrowers' Loans

Name of Institution City State 

Date 

Transaction 

Type Investment Description 

Cap of Incentive Payments 

on Behalf of Borrowers and 

to Servicers & 

Lenders/Investors (Cap) 1

M

10/14/2009 Mortgage Clearing Corporation Tulsa OK Purchase Financial Instrument for Home Loan Modifications 4,860,000 $ 

10/21/2009 United Bank Mortgage Corporation Grand Rapids MI Purchase Financial Instrument for Home Loan Modifications 410,000 $ 10/23/2009 Bank United Miami Lakes FL Purchase Financial Instrument for Home Loan Modifications 93,660,000 $ 10/23/2009 IC Federal Credit Union Fitchburg MA Purchase Financial Instrument for Home Loan Modifications 760,000 $ 

10/28/2009 Harleysville National Bank & Trust Company Harleysville PA Purchase Financial Instrument for Home Loan Modifications 1,070,000 $ 

10/28/2009 Members Mortgage Company, Inc Woburn MA Purchase Financial Instrument for Home Loan Modifications 510,000 $ 

10/30/2009 DuPage Credit Union Naperville IL Purchase Financial Instrument for Home Loan Modifications 70,000 $ 

11/6/2009 Los Alamos National Bank Los Alamos NM Purchase Financial Instrument for Home Loan Modifications 700,000 $ 

11/18/2009 Quantum Servicing Corporation Tampa FL Purchase Financial Instrument for Home Loan Modifications 18,960,000 $ 11/18/2009 Hillsdale County National Bank Hillsdale MI Purchase Financial Instrument for Home Loan Modifications 1,670,000 $ 

11/18/2009 QLending, Inc. Coral Gables FL Purchase Financial Instrument for Home Loan Modifications 20,000 $ 11/25/2009 Marix Servicing, LLC Pheonix AZ Purchase Financial Instrument for Home Loan Modifications 20,360,000 $ 

11/25/2009 Home Financing Center, Inc Coral Gables FL Purchase Financial Instrument for Home Loan Modifications 230,000 $ 

11/25/2009 First Keystone Bank Media PA Purchase Financial Instrument for Home Loan Modifications 1,280,000 $ 

12/4/2009 Community Bank & Trust Company Clarks Summit PA Purchase Financial Instrument for Home Loan Modifications 380,000 $ 12/4/2009 Idaho Housing and Finance Association Boise ID Purchase Financial Instrument for Home Loan Modifications 9,430,000 $ 

12/9/2009 Spirit of Alaska Federal Credit Union Fairbanks AK Purchase Financial Instrument for Home Loan Modifications 360,000 $ 12/9/2009 American Eagle Federal Credit Union East Hartford CT Purchase Financial Instrument for Home Loan Modifications 1,590,000 $ 12/9/2009 Silver State Schools Credit Union Las Vegas NV Purchase Financial Instrument for Home Loan Modifications 1,880,000 $ 
Servicer Modifying Borrowers' Loans

Name of Institution City State 

Date 

Transaction 

Type Investment Description 

Cap of Incentive Payments 

on Behalf of Borrowers and 

to Servicers & 

Lenders/Investors (Cap) 1

M

12/9/2009 Fidelity Homestead Savings Bank New Orleans LA Purchase Financial Instrument for Home Loan Modifications 2,940,000 $ 12/9/2009 Bay Gulf Credit Union Tampa FL Purchase Financial Instrument for Home Loan Modifications 230,000 $ 12/9/2009 The Golden 1 Credit Union Sacramento CA Purchase Financial Instrument for Home Loan Modifications 6,160,000 $ 12/9/2009 Sterling Savings Bank Spokane WA Purchase Financial Instrument for Home Loan Modifications 2,250,000 $ 

12/11/2009 HomeStar Bank & Financial Services Manteno IL Purchase Financial Instrument for Home Loan Modifications 310,000 $ 12/11/2009 Glenview State Bank Glenview IL Purchase Financial Instrument for Home Loan Modifications 370,000 $ 12/11/2009 Verity Credit Union Seattle WA Purchase Financial Instrument for Home Loan Modifications 600,000 $ 

12/11/2009 Hartford Savings Bank Hartford WI Purchase Financial Instrument for Home Loan Modifications 630,000 $ 

12/11/2009 The Bryn Mawr Trust Co. Bryn Mawr PA Purchase Financial Instrument for Home Loan Modifications 150,000 $ 

12/16/2009 Citizens 1st National Bank Spring Valley IL Purchase Financial Instrument for Home Loan Modifications 620,000 $ 12/16/2009 Golden Plains Credit Union Garden City KS Purchase Financial Instrument for Home Loan Modifications 170,000 $ 

12/16/2009 First Federal Savings and Loan Association of Lakewood Lakewood OH Purchase Financial Instrument for Home Loan Modifications 3,460,000 $ 

12/16/2009 Sound Community Bank Seattle WA Purchase Financial Instrument for Home Loan Modifications 440,000 $ 12/16/2009 Horizon Bank, NA Michigan City IN Purchase Financial Instrument for Home Loan Modifications 700,000 $ 12/16/2009 Park View Federal Savings Bank Solon OH Purchase Financial Instrument for Home Loan Modifications 760,000 $ 12/23/2009 Iberiabank Sarasota FL Purchase Financial Instrument for Home Loan Modifications 4,230,000 $ 

12/23/2009 Grafton Suburban Credit Union North Grafton MA Purchase Financial Instrument for Home Loan Modifications 340,000 $ 12/23/2009 Eaton National Bank & Trust Company Eaton OH Purchase Financial Instrument for Home Loan Modifications 60,000 $ 
Servicer Modifying Borrowers' Loans

Name of Institution City State 

Date 

Transaction 

Type Investment Description 

Cap of Incentive Payments 

on Behalf of Borrowers and 

to Servicers & 

Lenders/Investors (Cap) 1

M

12/23/2009 Tempe Schools Credit Union Tempe AZ Purchase Financial Instrument for Home Loan Modifications 110,000 $ 

1/13/2010 Fresno County Federal Credit Union Fresno CA Purchase Financial Instrument for Home Loan Modifications 260,000 $ 1/13/2010 Roebling Bank Roebling NJ Purchase Financial Instrument for Home Loan Modifications 240,000 $ 1/13/2010 First National Bank of Grant Park Grant Park IL Purchase Financial Instrument for Home Loan Modifications 140,000 $ 1/13/2010 Specialized Loan Servicing, LLC Highlands Ranch CO Purchase Financial Instrument for Home Loan Modifications 64,150,000 $ 

1/13/2010 Greater Nevada Mortgage Services Carson City NV Purchase Financial Instrument for Home Loan Modifications 770,000 $ 1/15/2010 Digital Federal Credit Union Marlborough MA Purchase Financial Instrument for Home Loan Modifications 3,050,000 $ 1/29/2010 iServe Residential Lending, LLC San Diego CA Purchase Financial Instrument for Home Loan Modifications 960,000 $ 

1/29/2010 United Bank Griffin GA Purchase Financial Instrument for Home Loan Modifications 540,000 $ 

3/3/2010 Urban Trust Bank Lake Mary FL Purchase Financial Instrument for Home Loan Modifications 1,060,000 $ 3/5/2010 iServe Servicing, Inc. Irving TX Purchase Financial Instrument for Home Loan Modifications 28,040,000 $ 

3/10/2010 Navy Federal Credit Union Vienna VA Purchase Financial Instrument for Home Loan Modifications 60,780,000 $ 

3/10/2010 Vist Financial Corp Wyomissing PA Purchase Financial Instrument for Home Loan Modifications 300,000 $ 

Total Initial Cap $ 23,755,130,000 

TOTAL CAP 

"HAFA" means the Home Affordable foreclosure Alternatives program."HPDP" means the Home Price Decline Protection program."2MP" means the Second Lien Modification Program.1/ The Cap of Incentive Payments represents the potential total amount allocated to each servicer and includes the maximum amount allotted for all payments on behalf of borrowers and payments to serv

The Cap is subject to adjustment based on the total amount allocated to the program and individual servicer usage for borrower modifications. Each adjustment to the Cap is reflected under Adjustment D2/ On July 31, 2009, the SPA with Chase Home Finance, LLC was terminated and superseded by new SPAs with J.P. Morgan Chase Bank, NA and EMC Mortgage Corporation. 3/ Wachovia Mortgage, FSB was merged with Wells Fargo Bank, NA, and the remaining Adjusted Cap stated above represents the amount previously paid to Wachovia Mortgage, FSB prior to such merg

As used in this table:
Original Face Value Pricing Mechanism 

Initial Investment 

Amount 2 TBA 3 Settlement Date

 Final Investment 

Amount TBA 3

Senior Securi

Proceeds 4 

3/19/2010 $ 4,070,000 107.75 4,377,249 $ N 3/24/2010 4,377,249 $ 2,

$ 

3/19/2010 $ 7,617,617 109 8,279,156 $ N 3/24/2010 8,279,156 $ 4,

$ 

3/19/2010 $ 8,030,000 108.875 $ N 3/24/2010 8,716,265 8,716,265 $ 4,

$ 

Total Original Face Value $ 19,717,617 

$ 21,372,670 

1/ The amortizing principal and interest payments are reported on the monthly Dividends and Interest Report available at www.FinancialStability.gov.2/ Investment Amount is stated after giving effect to factor and, if applicable, the purchase of accrued principal and interest.3/ If a purchase is listed as TBA, or To-Be-Announced, the underlying loans in the SBA Pool have yet to come to market, and the actual Investment Amount will be adjusted within the variance permitted under the program terms.4/ In order to satisfy the requirements under Section 113 of the Emergency Economic Stabilization Act of 2008, Treasury will acquire a senior indebtedness instrument (a Senior Security) from the seller of each respective SBA 7a Security. Each Senior Security will (i) have an aggregate principal amount equal to the product of (A) 0.05% and (B) the Final Investment Amount (excluding accrued interest) paid by Treasury for the respective SBA 7a Security, an(ii) at the option of the respective seller, may be redeemed at par value immediately upon issuance, or remain outstanding with the terms and conditions as set forth in the Master Purchase Agreement.5/ Disposition Amount is stated after giving effect, if applicable, to sale of accrued principal and interest.

SMALL BUSINESS AND COMMUNITY LENDING INITIATIVE

SBA 7a Securities Purchase Program

Trade Date

Purchase Details 1 Settlement Details 

Investment Description

Floating Rate SBA 7a security due 2025Floating Rate SBA 7a security due 2022Floating Rate SBA 7a security due 2022

 TOTAL INVESTMENT 

AMOUNT 

Total S
U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending March 31, 2010

Type of Expense/Liability Amount 

None

Note: Treasury interprets this reporting requirement as 

applicable to costs and liabilities related to insurance contracts 

entered into under the provisions of section 102 of the EESA; 

and the single insurance contract with Citigroup was 

terminated on December 23, 2009.
U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending March 31, 2010

Type of Expense Amount

Compensation for financial agents 

and legal firms $213,285,552
U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

Description of Vehicles Established [Section 105(a)(3)(H)]

For Period Ending March 31, 2010

Date Vehicle Description

None