Troubled Assets Relief Program (TARP)

Monthly 105(a) Report – January 2010

February 16, 2010

This report to Congress is pursuant to Section 105(a) of the Emergency Economic Stabilization Act of 2008.
Monthly 105(a) Report January 2010

Section Page

Key Developments .......................................................................................................................................... 2

The President’s Budget for Fiscal Year 2011

TARP Programs

Initiative for Community Development Financial Institutions

Where is TARP Money Going?....................................................................................................................... 4

Program Updates ........................................................................................................................................... 7

Dividends and Interest Received 

Capital Purchase Program

Bank Lending and Intermediation Surveys

Term Asset-Backed Loan Facility

Certification ..................................................................................................................................................... 13

Appendices

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

Appendix 2 - Legacy Securities Public-Private Investment Program Quarterly Report

Appendix 3 - Making Home Affordable Servicer Performance Report

Appendix 4 - Financial Statement

Note: This report was published on February 16, 2010, following the closure the federal agencies in Washington D.C., due to severe weather 

conditions from February 8th through February 11th.
Monthly 105(a) Report January 2010

2

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

The Troubled Assets Relief Program or TARP was established by Treasury pursuant to the Emergency Economic Stabilization Act of 2008 

or EESA. This law was adopted on October 3, 2008 in response to the severe financial crisis facing our country. To carry out its duties, 

Treasury developed a number of programs under TARP to stabilize our financial system and housing market, which, together with the 

American Recovery and Reinvestment Act, laid the financial foundation for economic recovery. In December 2009, the Secretary of the 

Treasury certified the extension of TARP authority until October 2010 as permitted under the law. The Secretary outlined a strategy for 

going forward that balances the capacity to respond to threats to the financial system that could undermine economic recovery with the need 

to exercise fiscal discipline and reduce the burden on taxpayers. This strategy has four elements:

Wind down many existing programs: The Capital Purchase Program, the Targeted Investment Program and the Asset Guarantee 

Program, – all of which succeeded in helping to stabilize the financial system – are closed and expected to return a profit to taxpayers.

 In the Agency Financial Report for Fiscal Year 2009 (FY 2009), the estimated cost to Treasury was $41.6 billion for the 

approximately $365 billion expended in FY 2009 -- far less than originally anticipated.

 $162 billion of investments in large banks has been repaid. This represents two-thirds of all TARP investments in banks.

New commitments will be focused on three areas:

i. foreclosure mitigation and stabilization of the housing market;

ii. provision of capital to small and community banks as a source of credit for small businesses; and

iii. support for the securitization markets underlying those sectors.

Treasury will not use remaining TARP funds unless necessary to respond to an immediate and substantial threat to the economy 

stemming from financial instability.

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

Key Developments 

The President’s Budget 

On February 1, 2010, the Obama Administration released the Budget of the U.S. Government for the Fiscal Year 2011 (FY2011 Budget). As 

reflected in the FY2011 Budget for Treasury:

The projected cost for TARP has fallen to $117 billion from the previous estimate of $341 billion. This is based on estimated total 

expenditures of not more than $550 billion, far less than the $700 billion originally authorized.
Monthly 105(a) Report January 2010

3

Treasury will continue to assist responsible homeowners avoid foreclosure, and intends to transfer, through legislation, $30 billion of 

funds from TARP to a new program to help community and smaller banks give small businesses access to affordable credit. 

This follows the Mid-Session Review of the Budget of the U.S. Government for the Fiscal Year 2010, which removed $250 billion that had 

been previously placed in reserve for additional financial stabilization efforts, as confidence in the stability of our financial markets and 

institutions had improved dramatically over the past year.

TARP Programs

The following key developments took place in January 2010 under the TARP programs:

The Home Affordable Modification Program (HAMP) released its December Servicer Performance Report. Through December 2009, 

more than 850,000 homeowners have had a median payment reduction exceeding $500 (including borrowers that were in trial 

modification periods), and more than 110,000 permanent mortgage modifications have been approved. While homeowners receive 

benefits when the trial modification starts, Treasury pays incentives only once the permanent modification starts. To date, Treasury has 

disbursed approximately $30 million and has committed more than $35 billion (of a total potential allocation from TARP funds of $50 

billion) for future incentive payments. (A copy of the full report is included as Appendix 3.) 

 Also in January, the first servicer -- Bank of America -- committed to participate in the Second Lien Program under HAMP, and updated 

guidance was released for servicer documentation requirements in order to expedite conversions of current trial modifications to 

permanent ones. This guidance also implemented an important program improvement for future trial period plans by requiring servicers 

to fully validate borrower financial information before offering a trial plan. 

Treasury released a TARP Warrant Disposition Report that describes how the taxpayer has benefitted from the warrants received by 

Treasury under the Capital Purchase Program (CPP). The report, which can be found at http://www.FinancialStability.gov/latest/ 

pr_01202010.html, shows that:

 Taxpayers have received more than $4 billion from warrants sales in 34 banks. 

 Treasury still holds warrants (or shares received upon exercise of warrants at the time of investment) in more than 600 banks that 

participated in the CPP. Treasury will sell the warrants of 18 banks that have fully repaid their TARP assistance in the near future.

Treasury released the initial quarterly report on the Legacy Securities Public-Private Investment Program (―PPIP‖). Treasury has 

committed to invest $30 billion in partnership with private investors in order to help restart important securitization markets. The report 

includes a summary of PPIP capital activity, portfolio holdings and current pricing, and fund performance. (A copy of the full report is 

included as Appendix 2.)
Monthly 105(a) Report January 2010

4

Initiative for Community Development Financial Institutions

On February 3, 2010, President Obama announced details of the new TARP program to invest lower-cost capital in Community 

Development Financial Institutions (CDFIs), which are banks, thrifts and credit unions that functions in markets that are underserved by 

traditional financial institutions. They target more than 60 percent of their small business lending and other economic development activities 

to the country's hardest-hit communities. Under this program:

CDFIs will be eligible to receive capital investments of up to 5 percent of risk-weighted assets, compared to a limit of up to 2 percent as 

initially outlined in October – significantly increasing the potential impact on lending in low-income communities.

CDFIs would pay dividends to Treasury at a rate of 2 percent, compared to the 5 percent under the CPP.

Consistent with the use of TARP funds to promote financial stability and protect the taxpayer, CDFIs will need approval from their 

banking regulator to participate in this program. In cases where a CDFI might not otherwise be approved by its regulator, it will be 

eligible to participate so long as it can raise enough private capital that – when matched with Treasury capital up to 5 percent of riskweighted assets (RWA) – it can reach viability. 

Where is TARP Money Going?

Although TARP authority has been extended, Treasury has notified Congress that it does not expect to use more than $550 billion of the 

$700 billion authorized for TARP. Treasury has used this authority to make investments that have helped to stabilize the financial system, 

restore confidence in the strength of our financial institutions, restart markets that are critical to financing American households and 

businesses, and prevent avoidable foreclosures in the housing market and keep people in their homes. As of January 31, 2010, 

approximately $545 billion had been planned for TARP programs, and of that amount: 1

$484.73 billion has been committed to specific institutions under signed contracts.

$376.03 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 commitments made in 2009 include 

amounts extended under the Obama Administration’s Financial Stability Plan. These include funds committed under the Home Affordable 

Modification Program, the Legacy Securities Public-Private Investment Program, Automotive Industry Financing Program and the other 

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

repayments, on Treasury’s website www.FinancialStability.gov. Specifically, taxpayers can look at investments within two business days of 

closing in the TARP transaction reports at www.FinancialStability.gov/latest/reportsanddocs.html.

 

1

See footnote 2 on page 5.
Monthly 105(a) Report January 2010

5

Figure 1 shows the planned TARP investment amounts together with the total funds disbursed and investments that have been repaid by 

program as of January 31, 2010. Figure 2 shows the planned TARP investments by program as of January 31, 2010. Please see Appendix 

1 for a description of the programs listed in the charts.

Figure 1: TARP Summary through January 2010 ($ billions) 2

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

 

2

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 ―Helping Families Save Their 

Homes Act of 2009‖ ($1.244 billion) or administrative expenditures relating to the Special Inspector General for the TARP ($15 million). Including the foregoing, as of 

January 31, 2010, total TARP commitments and amounts paid out as adjusted were $484.73 billion and $376.03 billion, respectively.

Planned 

Investments Repayments

Capital Purchase Program $ 204.89 $ 204.89 $ 204.89 $ 121.94

Targeted Investment Program $ 40.00 $ 40.00 $ 40.00 $ 40.00

Asset Guarantee Program $ 5.00 $ 0 $ 0 $ -

Consumer and Business Lending Initiative $ 60.00 $ 20.00 $ 0.10 $ -

Legacy Securities Public-Private Investment Program $ 30.00 $ 27.02 $ 4.71 $ 0.36

AIG $ 69.84 $ 69.84 $ 45.34 $ -

Auto Industry Financing Program $ 85.39 $ 84.84 $ 79.69 $ 3.33

Home Affordable Modification Program2

$ 50.00 $ 36.87 2 $ 0.03 2 $ -

 Totals $545.12 $483.46 $374.76 $165.63

Total 

Disbursed/Outlays Commitments Capital Purchase Program

Auto Industry Financing Program

AIG

Consumer and Business Lending Initiative

Home Affordable Modification Program

Targeted Investment Program

Legacy Securities Public-Private Investment Program

Asset Guarantee Program

$205

$85

$70

$60

$50

$40

$30 $5
Monthly 105(a) Report January 2010

6

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

or actually paid out, over each month since inception.

Figure 3: Funds committed and paid out under TARP from October 2008 through January 2010

-$60

$0

$60

$120

$180

$240

$300

$360

$420

$480

$540

-$20

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

Oct-08 Nov-08 Dec-08 1/1-19/2009 1/20-31/2009 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 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 January 2010

7

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. 

In January, Treasury received $105.96 million in dividends and interest from TARP investments.

Since inception, Treasury has received $12.99 billion in total dividends, interest and fees.

Figure 4 shows the amount of dividends and interest received by TARP program since inception and in the month of January 2010.

Figure 4: Dividends and Interest received by TARP through January 2010 ($ millions)

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

Program Since Inception

Capital Purchase Program (CPP)

Dividends $8,283.81

Interest and Fees $30.62

Automotive Industry Financing Program (AIFP)

Dividends $936.11

Interest $455.60

Asset Guarantee Program (AGP)

Dividends $276.69

Targeted Investment Program (TIP)

Dividends $3,004.44

Public-Private Investment Program (PPIP)

Dividends $1.99

Interest $3.64

TOTAL $12,992.90

CPP

$8,314.43 

AIFP

$1,391.70 

AGP

$276.69 

TIP

$3,004.44 

PPIP

$1.99 
Monthly 105(a) Report January 2010

8

Capital Purchase Program

A major part of TARP has been the Capital Purchase Program (CPP). Under this program, Treasury invested in banks and other financial 

institutions to increase their capital. Banks may use the CPP money in a number of ways, including shoring up capital, investing in assets, 

and increasing lending. The CPP investment amount was determined by the size of the bank. The CPP investments were no less than one 

percent and no greater than three percent (five percent for small banks) of the recipient’s risk-weighted assets.

The CPP remained open through 2009 for investments in small banks, with terms aimed at encouraging participation by small community 

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

and final closings occurred in December 2009.

Details on the Capital Purchase Program are available at http://www.FinancialStability.gov/roadtostability/capitalpurchaseprogram.html.

CPP Dividends and Repayments

Treasury receives dividend or interest payments on its CPP investments. Banks participating in the CPP pay Treasury a dividend rate of 5 

percent per year for the first five years and 9 percent per year thereafter, most on a cumulative basis. S-corporation banks pay an interest 

rate of 7.7 percent per year for the first five years and 13.8 percent thereafter. 

58 of the banks that received investments under CPP have repaid Treasury in full. When a bank repays, it is also required to pay any 

accrued and unpaid dividends or interest. Treasury continues to work with federal banking regulators who must evaluate requests from CPP 

participants interested in repaying Treasury’s investment.

CPP Warrants

Treasury also received warrants in connection with most of its CPP investments. Community development banks were not required to issue 

warrants. When a publicly traded bank repays Treasury for a preferred stock investment, the bank has the right to repurchase its warrants. 

The warrants do not trade on any market and do not have observable market prices. If the bank wishes to repurchase its warrants, an 

independent valuation process is used to establish fair market value. If an institution chooses not to repurchase its warrants, Treasury is 

entitled to sell them.

Privately held banks that received CPP funds issued Treasury a warrant for additional shares of preferred stock, which Treasury immediately 

exercised. Proceeds from the repurchases of shares acquired from a warrant are included as cash received from sales of warrants in Figure 

5 below. 

Figure 5 shows the cumulative CPP activity since program inception. Figure 6 shows number of banks by investment amount and total CPP 

funds disbursed by investment amount through January. 
Monthly 105(a) Report January 2010

9

Figure 5: CPP Snapshot since inception

Figure 6: Number of banks by investment amount (left) and total CPP funds disbursed by investment amount (right)

Number of Institutions: 707* Total Dividends $8.28 billion

Amount Invested: $204.9 billion January Dividends $0.755 million

Largest Investment: $25 billion Total Interest $17.62 million

Smallest Investment: $301,000 Total Fee Income $13 million

Total Warrant Income $4.03 billion**

 Number of Institutions 40

Full Repayments: $121.65 billion Repurchase Amount $2.92 billion **

 Number of Institutions: 58 Auction Amount $1.11 billion

Partial Repayments: $290.73 million Total Income $12.34 billion

 Number of Institutions: 8

Total Amount Repaid: $121.94 billion **Includes proceeds from exercised warrants

Repayments

CPP Cumulative Investments

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

Income to Treasury

500

72 53 57

19

6

0

100

200

300

400

500

600

Less than 

$25 million

$25 million 

- $50 

million

$50 million 

- $100 

million

$100 

million - $1 

billion

$1 billion -

$10 billion 

$10 billion 

and up 

$189.5

$13.3

$2.1

$-

$20 

$40 

$60 

$80 

$100 

$120 

$140 

$160 

$180 

$200 

Large (CPP 

investment of $250 

million and up)

Medium (CPP 

investment $12 

million - $250 million)

Small (CPP 

investment $12 

million and less)

Billions
Monthly 105(a) Report January 2010

10

Bank Lending and Intermediation Surveys

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

two reports described below. These two reports are intended to help the public easily assess the lending and intermediation activities of 

participating banks. 

The Monthly Lending and Intermediation Snapshots report gathers and provides data on the lending and other intermediation activities for 

the 22 largest financial institutions that received TARP investments under the CPP. On January 15, 2010, Treasury released the results of 

its twelfth survey of banks’ activities, including the following information on November lending:

The overall outstanding loan balance (of all respondents) was flat from October to November at the top 22 participants in the Capital 

Purchase Program (CPP), while total originations of new loans increased 2 percent from October to November. In November, the 22 

surveyed institutions originated approximately $244 billion in new loans. Total originations of loans by all respondents rose in four

categories (mortgages, credit card loans, C&I renewals of existing accounts, and C&I new commitments) and fell in four loan categories 

(HELOCs, other consumer lending products, CRE renewals of existing accounts, and CRE new commitments).

This monthly lending report provides data on consumer lending, commercial lending, and total lending for all CPP participants. Figure 7 

summarizes total loan activity among all CPP participants.

Figure 7: Summary of CPP Monthly Lending Report Data ($ millions)

Date

Number of 

Respondents

Total Average 

Consumer Loans

Total Average 

Commercial Loans

Total Average 

Loans

2/28/2009 519 $2,898,031 $2,380,691 $5,278,662

3/31/2009 553 $2,885,662 $2,359,016 $5,244,690

4/30/2009 541 $2,852,650 $2,329,536 $5,182,182

5/31/2009 612 $2,843,527 $2,346,620 $5,190,165

6/30/2009 604 $2,812,225 $2,429,930 $5,242,156

7/31/2009 604 $2,803,284 $2,344,395 $5,147,679

8/31/2009 649 $2,789,108 $2,328,433 $5,117,542

9/30/2009 652 $2,795,012 $2,267,421 $5,062,434

10/31/2009 655 $2,769,129 $2,250,879 $5,020,008

10/31/2009 (Adjusted)* 642 $2,764,929 $2,234,644 $4,999,574

11/30/2009 644 $2,759,874 $2,235,458 $4,995,333

11/30/2009 (Adjusted)* 642 $2,759,675 $2,235,111 $4,994,786

-0.19% 0.02% -0.10%

All CPP Recipients

Change (Oct Adjusted to Nov Adjusted)

* Adjusted to include only institutions that reported both 10/31/09 data and 11/30/09 data (using consistent reporting 

methodology)
Monthly 105(a) Report January 2010

11

Term Asset-Backed Securities Loan Facility

Under the Term Asset-Backed Securities Loan Facility (TALF), the Federal Reserve Bank of New York makes loans to buyers of assetbacked securities in order to stimulate consumer and business lending by the issuers of those securities. Treasury uses TARP funds to 

provide credit support for the TALF.

The asset-backed securities (ABS) that are eligible for the TALF must be backed by new or recently originated auto loans, student loans, 

credit card loans, equipment loans, floorplan loans, insurance premium loans, loans guaranteed by the Small Business Administration, 

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

The markets for ABS are an important source of credit for consumers and businesses. These markets essentially stopped functioning 

during the financial crisis. The purpose of TALF is to help restart these markets and help consumers and businesses obtain credit.

The first TALF subscription took place on March 19, 2009 and there have been 18 monthly ABS and commercial mortgage-backed 

securities (CMBS) subscriptions as of January 31, 2010. A total of approximately $61.65 billion of TALF-eligible legacy and new ABS 

and CMBS issuance has been lent against.

In August 2009, Treasury and the FRBNY announced the extension of the TALF for newly-issued ABS and legacy CMBS through March 

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

types of collateral eligible for the TALF. 

Figure 8 shows the increase in issuance of consumer ABS since the launch of TALF in March 2009.
Monthly 105(a) Report January 2010

12

Figure 8: Total Consumer ABS Issuance through January 2010

Source: Markets Room, U.S. Treasury Department and Markets Group, FRBNY.

Details on TALF are available at http://www.FinancialStability.gov/roadtostability/lendinginitiative.html

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 

6.8 

8.3 2.9 

13.6 

16.5 

12.6 

9.1 

16.8 

6.6 

6.0 

3.8 

1.5 

0

5

10

15

20

25

TALF Issuance

Non-TALF Issuance

$ Blns
Monthly 105(a) Report January 2010

13

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.

_/s/ Herbert M. Allison, Jr._____

Herbert M. Allison, Jr.

Assistant Secretary

Office of Financial Stability
Monthly 105(a) Report January 2010

Appendix 1

Description of TARP Programs

Capital Purchase Program................................................................................................................ 1

Supervisory Capital Assessment Program and Capital Assistance Program ....................................................... 2

Asset Guarantee Program................................................................................................................................... 3

Targeted Investment Program and AIG Investment............................................................................................. 4

Automotive Industry Financing Program.............................................................................................................. 5

Consumer and Bank Lending Initiatives .............................................................................................................. 8

Legacy Securities Public-Private Investment Program ........................................................................................ 9

Home Affordable Modification Program............................................................................................................... 11

Office of the Special Master ................................................................................................................................ 14

How Treasury Exercises Its Voting Rights............................................................................................................ 17
Monthly 105(a) Report January 2010

Appendix 1 – page 1

What is the Capital Purchase Program (CPP)?

Treasury created the Capital Purchase Program in October 2008 to stabilize the financial system by providing capital to viable banks of 

all sizes throughout the nation. With a strengthened capital base, banks have an increased capacity to lend to businesses and 

consumers and to support the U.S. economy.

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

hesitant to lend. The level of confidence between banks and other financial institutions was also low, so they were unwilling to lend to 

each other. Restoring capital and confidence is essential to allowing the financial system to work effectively and efficiently.

This program is now closed. Of $205 billion invested, $122 billion has already been repaid and Treasury expects it will result in a profit 

to the taxpayers. 

How does the CPP work?

Through the CPP, Treasury invested in banks to increase their capital and to enable them to continue lending to businesses and 

consumers and otherwise serve their customers. Banks use the CPP money in a number of ways, including to shore up capital, invest in 

assets, and increase lending.

Treasury purchased senior preferred shares and other interests from qualifying U.S.-controlled banks, savings associations, and other 

financial 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 for the first five years 

following Treasury’s investment and at a rate of nine percent per year thereafter. S-corporation banks pay an interest rate of 7.7 percent

per year for the first 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 the American Recovery and 

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

plus any unpaid dividends or interest.

When a publicly-traded bank repays Treasury for the preferred stock investment, the bank has the right to repurchase its warrants. The 

warrants do not trade on any market and do not have observable market prices. If the bank wishes to repurchase warrants, an 

independent valuation process is used to establish fair market value. If an institution chooses not to repurchase the warrants, Treasury 

is entitled to sell the warrants. In November and December 2009, Treasury began public offerings registered with the Securities and 

Exchange Commission for the sale of warrants using a modified Dutch auction methodology.
Monthly 105(a) Report January 2010

Appendix 1 – page 2

What is the Supervisory Capital Assessment Program (SCAP) and Capital Assistance Program (CAP)?

The Supervisory Capital Assessment Program and Capital Assistance Program were important components of the Financial Stability 

Plan to help ensure that banks have a sufficient capital cushion in a more adverse economic scenario. SCAP was a comprehensive 

capital assessment exercise, 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 participated in the SCAP, 

18 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 December 2009, GMAC and 

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

Financing Program.

Following announcement of the stress test results, the largest banking institutions raised over $140 billion in high-quality capital and over 

$60 billion in non-guaranteed unsecured debt in the private markets. Banks used private capital to repay TARP investments, allowing 

TARP to fulfill its 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 would need to absorb 

losses in a more adverse economic scenario and to provide the transparency necessary for individuals and markets to judge the strength 

of the banking system. 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 larger cushion to 

support future lending even if the economy performs worse than expected. Banks had a range of options to raise capital in the private 

markets, including common equity offerings, asset sales and the conversion of other forms of capital into common equity. Banks that did 

not satisfy their requirement by using these options could request additional capital from the government through the CAP. Financial 

institutions had to submit a detailed capital plan to supervisors, who consulted with Treasury on the development and evaluation of the 

plan. Any bank needing to augment its capital buffer at the conclusion of the SCAP was required to develop a detailed capital plan in

June 2009, and had until November 2009 to implement that capital plan.

In cases in which the SCAP indicated that an additional capital buffer was warranted, institutions had an opportunity to turn first to private 

sources of capital, but were also eligible to receive government capital via investment available immediately through the CAP. Eligible 

U.S. banks that did not participate in the SCAP could have applied to their primary federal regulator to receive capital under the CAP.
Monthly 105(a) Report January 2010

Appendix 1 – page 3

What is the Asset Guarantee Program (AGP)?

Under the AGP, Treasury acted to support the value of certain assets held by qualifying financial institutions, by agreeing to absorb 

unexpectedly large losses on certain assets. The program was designed for financial institutions whose failure could harm the financial 

system and 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 Citigroup’s 

agreement 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, Treasury, the Federal 

Reserve and the FDIC agreed to share 

potential losses on a $118 billion pool of 

financial instruments owned by Bank of 

America, consisting of securities backed by 

residential and commercial real estate loans 

and corporate debt and derivative transactions 

that reference such securities, loans and 

associated hedges. 

In September 2009, Treasury, the Federal 

Reserve and Bank of America agreed to 

terminate the asset guarantee arrangement 

announced in January 2009. In connection 

with that termination and in recognition of the 

benefits provided by entering into the term 

sheet for such arrangement, Bank of America 

paid the U.S. government $425 million.
Monthly 105(a) Report January 2010

Appendix 1 – page 4

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 institutions that were 

considered systemically significant to prevent broader disruption of financial markets.

Treasury provided this assistance by purchasing preferred stock, and also received warrants to purchase common stock, in the 

institutions. 

How did the TIP work?

Under the TIP, Treasury purchased $20 billion in preferred stock from Citigroup, Inc. and $20 billion in preferred stock from Bank of 

America Corporation. Both preferred stock investments paid a dividend of eight percent per annum. The TIP investments were in 

addition to CPP investments in these banks.

As part of an exchange offer designed to strengthen Citigroup’s capital, Treasury exchanged all of its CPP preferred stock in Citigroup 

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

securities.

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

from each bank under the TIP. 

The program is closed. Treasury expects it will result in a profit to the taxpayers. 

How does the AIG Investment work?

In November 2008, Treasury purchased $40 billion in preferred stock from American International Group (AIG). 

In April 2009, Treasury also created an equity capital facility, under which AIG may draw up to $29.8 billion as needed in exchange for 

issuing additional shares of preferred stock to Treasury.

As of January 31, 2010, AIG has drawn $5.34 billion from the facility. The preferred shares that Treasury received in return for the draw 

pay a non-cumulative dividend of ten percent per year.
Monthly 105(a) Report January 2010

Appendix 1 – page 5

What is the Automotive Industry Financing Program (AIFP)?

The Automotive Industry Financing Program (AIFP) was developed in December 2008 to prevent a significant disruption of the U.S. 

automotive industry, because the potential for such a disruption posed a systemic risk to financial market stability and would have had a 

negative effect on the economy. Short-term funding was initially provided to General Motors (GM) and Chrysler on the condition that 

they develop plans to achieve long-term viability. In cooperation with the Administration, GM and Chrysler developed satisfactory 

viability plans and successfully conducted in bankruptcy proceedings sales of their assets to new entities. Chrysler’s sale process was 

completed in 42 days and GM’s was completed in 40 days. Treasury provided additional assistance during the respective periods.

Treasury has provided approximately $80 billion in loans and equity investments to GM, GMAC, Chrysler, and Chrysler Financial. The 

terms of Treasury’s assistance impose a number of restrictions. Among others, the companies must adhere to rigorous executive 

compensation standards and other measures to protect the taxpayer’s interests, including limits on the institution’s expenditures and 

other corporate governance requirements. 

In the related Auto Supplier Support Program (ASSP), Treasury provided loans to ensure that auto suppliers receive compensation for 

their 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 restructuring plan. On March 30, 

the Administration determined that the business plan submitted by Chrysler failed to demonstrate viability and announced that in order 

for Chrysler to receive additional taxpayer funds, it needed to find a partner. Chrysler made the determination that forming an alliance 

with Fiat was the best course of action for its stakeholders.

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

April 30, 2009, Treasury provided an additional $1.9 billion under a debtor-in-possession financing agreement to assist Chrysler during 

the bankruptcy. On June 10, 2009, pursuant to a court-approved order, substantially all of Chrysler’s assets were sold to the newly 

formed entity, Chrysler Group LLC (New Chrysler). Treasury committed to loan $6.6 billion to New Chrysler in working capital funding.

New Chrysler also assumed $500 million of Chrysler Holding’s initial loans from Treasury. When the sale to New Chrysler was 

completed, Treasury received 9.9% of the common equity in New Chrysler.

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

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

received by Chrysler Holdings with a preference on the first $1.375 billion in distributions. In exchange, Treasury agreed to certain 

forbearance with respect to Chrysler Holding’s loans.
Monthly 105(a) Report January 2010

Appendix 1 – page 6

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

interest). The original loans to Chrysler remain outstanding, but are reduced by $500 million of debt that was assumed by New Chrysler. 

Current equity ownership in New Chrysler is as follows: the Chrysler Voluntary Employee Benefit Association (VEBA) (67.7%), Fiat 

(20%), Treasury (9.9%) and 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) created by Chrysler 

Financial 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 to an amount equal to 

five percent of the maximum loan amount. Twenty percent of those notes vested upon the closing of the transaction, and additional 

notes were to 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 working capital. Under the loan 

agreement, GM was also required to implement a viable restructuring plan. The first plan GM submitted failed to establish a credible 

path to viability, and the deadline was extended to June 1 for GM to develop an amended plan. Treasury loaned an additional $6 billion 

to fund GM during this period. To achieve an orderly restructuring, GM filed for bankruptcy on June 1, 2009. Treasury provided $30.1 

billion under a debtor-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 most of the assets of 

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

in the New GM 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. And in January 2010, New 

GM and Treasury amended the loan agreement so that funds remaining in the escrow will be used to repay the balance of the loan in 

June 2010.

The New GM currently has the following ownership: Treasury (60.8%), GM Voluntary Employee Benefit Association (VEBA) (17.5%), the 

Canadian Government (11.7%), and Old GM’s unsecured bondholders (10%). 
Monthly 105(a) Report January 2010

Appendix 1 – page 7

GMAC

In December 2008, Treasury purchased $5 billion in senior preferred equity from GMAC LLC, and received an additional $250 million in 

preferred shares through warrants that Treasury exercised at closing. At the same time, Treasury also agreed to lend to $1 billion of 

TARP funds to GM (one of GMAC’s owners), to purchase additional ownership interests in GMAC’s rights offering up. GM drew $884

million under that commitment in January 2009, and then in May 2009, Treasury exercised its option to exchange that loan for 35.4% of 

the common membership interests in GMAC. 

In May 2009, regulators required GMAC to raise additional capital by November 2009 in connection with the SCAP. On May 21, 2009, 

Treasury purchased $7.5 billion of convertible preferred shares from GMAC and received warrants that Treasury exercised at closing for 

an additional $375 million in convertible preferred shares, which enabled GMAC to partially meet the SCAP requirements. Additional 

Treasury investments in GMAC 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), which are senior to all 

other capital securities of GMAC, and $1.25 billion of Mandatory Convertible Preferred Stock (MCP), and received warrants, which 

were immediately 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 beneficial to Treasury, based 

on the 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 to 56.3 percent and 

Treasury holds $11.4 billion of MCP in GMAC. Treasury has the right to appoint two additional directors to the GMAC Board of 

Directors, 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 EESA, and to the 

oversight of the Special Master for Executive Compensation.
Monthly 105(a) Report January 2010

Appendix 1 – page 8

Consumer and Business Lending Initiatives

What are the Small Business and Community Development Financial Institutions Initiatives?

To ensure that credit flows to entrepreneurs and small business owners, Treasury has taken measures to complement the 

Administration’s actions to help small businesses recover and grow, including several tax cuts under the American Recovery and 

Reinvestment Act and a temporary increase in the Small Business Administration (SBA) guarantee for certain types of loans.

On February 3, 2010, President Obama announced details of the new TARP program to invest lower-cost capital in Community 

Development Financial Institutions (CDFIs). Under this program, CDFI banks, thrifts and credit unions that target more than 60 percent 

of their small business lending and other economic development activities to the country's hardest-hit communities will be eligible to:

 Receive capital investments of up to 5 percent of risk-weighted assets, compared to a limit of up to 2 percent as initially outlined in 

October – significantly increasing the potential impact on lending in low-income communities.

 CDFIs would pay dividends to Treasury at a rate of 2 percent, compared to the 5 percent rate under the CPP.

 Consistent with the use of TARP funds to promote financial stability and protect the taxpayer, CDFIs will need approval from their 

banking regulator to participate in this program. In cases where a CDFI might not otherwise be approved by its regulator, it will be 

eligible to participate so long as it can raise enough private capital that – when matched with Treasury capital up to 5 percent of riskweighted assets (RWA) – it can reach viability. 

Additional details are available at http://www.FinancialStability.gov/latest/pr_02032010.html

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 New York. The FRBNY 

provides term non-recourse loans collateralized by AAA-rated asset-backed securities (ABS) backed by new or recently originated auto 

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

servicing advances, or commercial mortgage loans, including legacy commercial mortgage loans, as well as collateralized by loans 

guaranteed by the Small Business Administration. Treasury provides credit support for TALF as part of Treasury’s Consumer and 

Business Lending Initiative.

The way in which the TALF works is that on fixed days each month investors can request the FRBNY to make loans secured by eligible 

consumer, small business ABS, or commercial mortgage backed securities (CMBS). Assuming that the borrower and the ABS or CMBS 

it plans to pledge as collateral meet FRBNY’s requirements, the investor will receive the requested funding. Most borrowers use the 

loan, together with their own funds, to purchase the ABS that serves as collateral for the TALF loans. 
Monthly 105(a) Report January 2010

Appendix 1 – page 9

If the borrower does not repay the loan, the FRBNY will enforce its rights in the collateral and sell the collateral to a special purpose 

vehicle (SPV) established specifically for the purpose of purchasing and managing such assets. The SPV is funded, in part, by a $20 

billion subordinated loan commitment from Treasury.

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

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

to the types of collateral eligible for the TALF. 

Legacy Securities Public-Private Investment Program (S-PPIP)

What is the S-PPIP?

The Legacy Securities Public-Private Investment Program is designed, in part, to support market functioning and facilitate price 

discovery in the commercial and non-agency residential mortgage-backed securities (MBS) markets, helping banks and other financial 

institutions re-deploy capital and extend new credit to households and businesses. Both residential and commercial MBS are pools of 

mortgages bundled together by financial institutions. Rights to receive a portion of the cash generated by the pools are sold as securities 

in the financial markets, in the same way a stock or bond would be sold in financial markets. The term ―legacy assets‖ generally refers to 

loans, asset-backed securities, and other types of assets that were originated or issued before the financial markets for these types of 

assets deteriorated significantly in 2008.

The Public-Private Investment Program was announced as part of the Financial Stability Plan, which also originally included a program 

for 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 the results of the 

Supervisory Capital Assessment Program enabled banks to raise substantial amounts of capital as a buffer against weaker than 

expected economic conditions, 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 commercial MBS. Treasury 

provides equity as well as debt financing to investment partnerships formed by the fund managers; the maximum equity obligation to a 

PPIF is expected to be $1.11 billion and the maximum debt obligation to a PPIF is expected to be $2.22 billion (before giving effect to 

any re-allocation of capital). Treasury will invest one-half of the total equity committed to the partnership; the remainder must be raised 

by the fund manager from private sector sources. Treasury's loan will earn interest and must be repaid at the end of the life of the fund.
Monthly 105(a) Report January 2010

Appendix 1 – page 10

The nine firms that Treasury had pre-qualified in July 2009 to participate as fund managers have completed initial closings and begun 

operations of Public-Private Investment Funds (PPIFs). Treasury has committed (but not yet funded all of) of $1.11 billion of equity 

capital together with $2.22 billion of debt financing to each PPIF, while total Treasury equity and debt investment in all PPIFs will equal 

approximately $30 billion. Following an initial closing, each PPIF has the opportunity to conduct additional closings over the following six 

months and to 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.S. Treasury, and 

thus the 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 acquire assets from or sell 

assets to their affiliates or any other PPIF fund manager or private investor that has committed at least ten percent of the aggregate 

private capital raised by such fund manager. Fund managers must submit regular monthly reports about assets purchased, assets 

disposed, asset values, and profits and losses. Due to the possibility of actual or potential conflicts of interest inherent in any marketbased investment program, fund managers also must agree to abide by ethical standards and conflicts of interest and compliance rules 

and a process for ensuring adherence to these rules developed by Treasury. In developing these requirements, Treasury worked closely 

with, among others, the staff of the SIGTARP and the Federal Reserve. 

Who are the S-PPIP Fund Managers?

Following a comprehensive two-month application, evaluation, and selection process, during which Treasury received over 100 unique 

applications to participate in the S-PPIP, in July 2009 Treasury pre-qualified the following firms to participate as fund managers in the 

program: AllianceBernstein, LP and its sub-advisors Greenfield Partners, LLC and Rialto Capital Management, LLC; Angelo, Gordon & 

Co., L.P. and GE Capital Real Estate; BlackRock, Inc.; Invesco Ltd.; Marathon Asset Management, L.P.; Oaktree Capital Management, 

L.P.; RLJ Western Asset Management, LP; The TCW Group, Inc., (subsequently terminated, see below); and Wellington Management 

Company, LLP.

The fund managers for the PPIFs have established relationships with small, minority-, and women-owned businesses. Partner firms 

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

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

other advisory services to the PPIFs.

In December 2009, a fund managed by The TCW Group, Inc., was liquidated because TCW terminated the employment of individuals

who were ―Key Persons‖ responsible for making the investment decisions as set forth under the Limited Partnership Agreement for the 

TCW PPIF. Only $513 million of total capital had been funded. Treasury's debt and equity capital investments were repaid in full, and 

Treasury realized a profit of approximately $20.2 million on its equity investment of $156.3 million. Private investors have been offered 
Monthly 105(a) Report January 2010

Appendix 1 – page 11

the option to re-allocate their underfunded capital commitments and proceeds from the TCW PPIF liquidation to any of the eight other 

PPIFs. 

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 the Obama Administration 

in February 2009 as part of its Financial Stability Plan.

Using TARP funds, Treasury provides incentives for mortgage servicers, borrowers and investors to modify loans that are delinquent or 

at imminent risk of default to an affordable monthly payment equal to no more than 31 percent of a borrower’s gross monthly income. 

Borrowers must be owner occupants, demonstrate the ability to support the reduced payment during a three-month trial, and submit 

required documentation before the modification becomes permanent.

Homeowners participating in HAMP work with HUD-certified housing counselors and mortgage servicers. HAMP is designed to give up 

to 3 to 4 million homeowners an opportunity to reduce their monthly mortgage payments to more affordable levels.

HAMP includes both GSE and non-GSE mortgages. GSE stands for ―government sponsored enterprise,‖ and in this report refers to 

Fannie Mae and Freddie Mac. Up to $50 billion of TARP funds will be used to encourage the modification of non-GSE mortgages that 

financial institutions own 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. Servicers for loans that are 

owned or securitized by Fannie Mae or Freddie Mac (GSEs) are required to participate in the related GSE’s HAMP for their portfolio of 

GSE loans. The incentives 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 December 31, 2012. 

Modification interest rates are locked for five years from the start date of the modification. Incentive payments to investors and 

borrowers will continue to be paid out over that period for up to five years, and incentive payments to servicers for up to three years. At 

the end of five years, the reduced interest rate will increase by one percent per year until it reaches the cap, which is the market rate at 

the time the trial period began. The capped rate is fixed for the life of the loan. 
Monthly 105(a) Report January 2010

Appendix 1 – page 12

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 Program (2MP) and 

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

HPDP provides additional incentive payments for modifications on properties located in areas where home prices have declined. The 

purpose of the program is to encourage additional lender participation and HAMP modifications in areas hardest hit by falling home 

prices and ensure that borrowers in those areas have the opportunity to stay in their homes, thereby minimizing foreclosures, which 

further depress home values.

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

when 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 sale or deed-in-lieu options 

by incorporating financial incentives to borrowers, servicers, and investors. The program also ensures pre-approved short sale terms 

prior to listing the 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 basis. The report format 

now includes the number of Trial Period Plans that have transitioned to permanent modifications as well as a break-out of the 15 

metropolitan areas with the highest program activity. The MHA Monthly Servicer Performance Reports can be found at 

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

Participating servicers and state, local and community stakeholders have worked with Treasury to improve the overall effectiveness and 

efficiency of HAMP, by introducing: a streamlined documentation process, including standardization of forms, reduced paperwork 

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

availability of foreign 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 that servicers make every 

reasonable effort to convert eligible borrowers from a trial to a permanent modification. The conversion campaign involved onsite 

monitoring of the seven largest servicers by Treasury and Fannie Mae staff, and daily loan-level conversion reporting through the month 

of December. The conversion campaign resulted in a significant increase in the number of borrowers offered permanent modifications 

by these servicers and considerable improvements in the implementation and operation of modification processes going forward.
Monthly 105(a) Report January 2010

Appendix 1 – page 13

In December 2009, Treasury also introduced a review period lasting until January 31, 2010 for all trial modifications that were set to 

expire on or before that date, but were either missing required documentation or for which the servicer has not had time to review the 

submitted documents. During this review period, servicers could not cancel any active trial modifications unless the related property did

not meet the HAMP property eligibility requirements

On January 28, 2010, MHA released updated guidance for servicer documentation requirements in order to expedite conversions of

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

plans by requiring servicers to fully validate borrower financial information before offering a trial plan. In addition, servicers are allowed 

additional time in certain circumstances to retrieve documentation from applicants, notify applicants of any missing documents, and 

resolve any disputes over applications. Information on this supplemental directive can be found at http://www.FinancialStability.gov/

latest/pr_01282010.html.

Compliance and second look

The HAMP Compliance Program is designed to ensure that servicers satisfy their obligations under HAMP requirements in order to 

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

steps to prevent fraud, waste and abuse. Freddie Mac acts as Treasury’s Compliance Agent for HAMP through MHA-C, which is a 

separate, independent division that conducts these compliance activities. Treasury works closely with MHA-C to design and refine the 

Compliance Program and conducts 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’ internal controls and 

processes; (2) loan file reviews, which includes a process known as ―second look;‖ (3) net present value (NPV) testing and assessments, 

which consist of testing servicers’ proprietary systems to determine if HAMP NPV requirements were appropriately implemented; and (4) 

as required by MHA-C, targeted reviews on one or more specific processes or types of reviews listed above based on compliance 

trends, risk analysis or actual compliance activities results. 

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

appropriate, Treasury will implement remedies for non-compliance. These remedies may include withholding or reducing incentive 

payments to servicers, requiring repayments of prior incentive payments made to servicers with respect to affected loans, or requiring 

additional servicer oversight.

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

at http://www.makinghomeaffordable.gov.
Monthly 105(a) Report January 2010

Appendix 1 – page 14

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 under the EESA as

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

funding under certain programs, including CPP participants and recipients of exceptional assistance. The exceptional assistance

recipients currently include the following firms: AIG, Chrysler, Chrysler Financial, GM and GMAC. Bank of America and Citigroup ceased 

to be exceptional assistance recipients upon their respective repayments of TARP obligations arising from exceptional assistance 

programs in December 2009.

The Rule also provided the Special Master with specific powers designed to ensure that executive pay at these firms is in line with longterm value creation and financial stability. These include:

 Review of Payments: For recipients of exceptional assistance, the Special Master is required to review and approve compensation 

structures, including payments made pursuant to those structures, for the senior executive officers and 20 next most highly paid 

employees; 

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

structures for all executive officers and the 100 most highly compensated employees; 

 Interpretation: The Special Master has interpretive authority over the executive compensation provisions of EESA and the Interim 

Final Rule. Accordingly, the Special Master will make all determinations as to the application of those provisions to particular facts; 

and Review of 

 Prior Payments: The Special Master is required to review any bonuses, retention awards, and other compensation paid to employees 

of each TARP recipient prior to February 17, 2009, to determine whether the payments were contrary to the public interest. If the 

payment is determined to be contrary to the public interest, the Special Master will be responsible for negotiating for reimbursements 

of such payments. 

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

Treasury with respect to compliance with the Rule. These certifications are due within 90 days (in the case of the CEO and CFO 

certifications) or 120 days (in 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 expenditure policy 

consistent with the requirements of the Rule, provide the policy to Treasury, and post the policy on their Internet website, in each case 
Monthly 105(a) Report January 2010

Appendix 1 – page 15

within 90 days following publication of the Rule (or, if later, 90 days following the closing date of the agreement between the TARP 

recipient and Treasury). These policies are generally required to address expenses including entertainment or other events, office and 

facility renovations, and aviation or other transportation services.

Determinations for the Top 25 Employees

On October 22, 2009, the Special Master for TARP Executive Compensation, Kenneth R. Feinberg, released determinations on the 

compensation packages for the five senior executive officers and the next 20 most highly compensated employees at the seven firms 

that were then exceptional assistance recipients. The Office of the Special Master generally rejected the companies’ initial proposals for 

these ‖Top 25‖ executives 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 it can be transferred in 

three 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 three years of service after 

it is granted, in amounts determined based on objective performance criteria. Actual payment of the restricted stock is subject to the 

company’s repayment 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 Employees 26–100. 

Unlike the October rulings, which addressed specific amounts payable to Top 25 executives, Treasury regulations require the Special 

Master only to address compensation structures for Covered Employees 26–100. These determinations covered four companies: AIG, 

Citigroup, GM, and GMAC. Chrysler and Chrysler Financial were (with the exception of one employee) exempt from the Special 

Master’s review during this round because total pay for their executives does not exceed the $500,000 ―safe harbor‖ limitation in 

Treasury's compensation regulations. As detailed below, because of Bank of America’s repayment of its TARP obligations, its Covered 

Employees 26–100 were no longer subject to the Special Master's review.

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

features:
Monthly 105(a) Report January 2010

Appendix 1 – page 16

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

overall 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 limited to a fixed pool, incentive 

payments may be made only if objective goals are achieved, and all such payments must be subject to ―clawback‖ if results prove 

illusory;

 Compensation structures must have a long-term focus. In most cases, at least 50 percent of total compensation must be held for 

three years, at least 50 percent of incentive pay must be granted in long-term stock, and any cash incentives must be delivered over 

at least two years—single, lump-sum cash bonuses are not permitted; and

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

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

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

December, including determinations approving pay packages for the new chief executive officer of GMAC and the new chief financial 

officer of GM. The pay packages approved by the Special Master for the newly hired executives generally conform to the principles and 

structures of the Top 25 determinations. All the Special Master’s determinations are available at the website identified below.

The Special Master has requested 2010 compensation proposals for the remaining exceptional assistance recipients; those proposals 

were required to be submitted by January 15, 2010. 

Effects of TARP Repayment

Prior to the Special Master’s issuance of determinations for the Covered Employee 26–100 groups, Bank of America repaid its TARP 

obligations. As a result, the compensation structures for Bank of America’s Covered Employees 26–100 were no longer subject to the 

Special Master’s review, and no determination in that regard was issued. Payments to Bank of America’s Top 25 relating to service 

prior to the repayment, however, remain subject to the Special Master’s October determinations. With respect to its Top 25, Bank of 

America agreed to comply 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 certain TARP obligations, 

and ceased to be an "exceptional assistance recipient‖ for purposes of the Rule. As a result of the repayment, Special Master approval 

is not required for future compensation structures and payments to Citigroup executives. Payments and compensation structures for 

Citigroup’s Top 25 and Covered Employees 26–100 relating to service prior to the repayment, however, remain subject to the Special 

Master’s October and December determinations, respectively. Citigroup agreed to comply with the October and December 

determination letters and memoranda issued by the Special Master with respect to Citigroup as if Citigroup were receiving exceptional 
Monthly 105(a) Report January 2010

Appendix 1 – page 17

assistance through December 31, 2009. The executive compensation restrictions that apply to TARP recipients that are not ―exceptional 

assistance recipients‖ will continue to apply to 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 and http://www.FinancialStability.gov/latest/tg_102220009e.html.

How Treasury Exercises Its Voting Rights

Treasury is a shareholder in the new General Motors, the new Chrysler, GMAC and Citigroup. The Obama Administration has stated that 

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

government will not interfere with or exert control over day-to-day company operations and, in the event the government obtains 

ownership interests, it will vote only on key governance issues. These core principles also include Treasury's commitment to seek to 

dispose of its ownership interests as soon as practicable. Treasury will follow these principles in a manner consistent with the obligation 

to promote the liquidity and stability of the financial system. 

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

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

For example, the preferred shares that Treasury holds in financial institutions under the Capital Purchase Program do not have voting 

rights except in certain limited circumstances, such as amendments to the charter of the company, or in the event dividends are not paid 

for several quarters, in which 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 intends to exercise its right 

to vote only on certain matters consisting of the election or removal of directors; certain major corporate transactions such as mergers, 

sales of substantially all assets, and dissolution; issuances of equity securities where shareholders are entitled to vote; and amendments 

to the charter or bylaws; (2) on all other matters, Treasury will either abstain from voting or vote its shares in the same proportion (for, 

against or abstain) as all 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 forth. For private 

companies such as GM, GMAC and Chrysler, Treasury follows the principles voluntarily or as set forth in a stockholder agreement. In 

GM, they are largely reflected as terms following an initial public offering (IPO). 

In the case of AIG:

 Treasury is the beneficiary of a trust created by the Federal Reserve Bank of New York (FRBNY). That trust owns shares having 

79.8% of the voting rights of the common stock. The FRBNY has appointed three independent trustees who have the power to vote 

the stock and dispose of the stock with prior approval of FRBNY and after consultation with Treasury. The trust agreement provides 
Monthly 105(a) Report January 2010

Appendix 1 – page 18

that the trustees cannot be employees of Treasury or the FRBNY. The trust exists for the benefit of the U.S. Treasury, and the 

Department of the Treasury does not control the trust and it cannot direct the trustees.

 Treasury owns preferred stock which does not have voting rights except in certain limited circumstances (such as amendments to the 

charter) or in the event dividends are not paid for four quarters, in which case Treasury has the right to elect up to three directors to 

the board.
Monthly 105(a) Report January 2010

Appendix 2

Legacy Securities Public-Private Investment Program Quarterly Report
LEGACY SECURITIES PUBLIC-PRIVATE

INVESTMENT PROGRAM

Pro

g p ram U

pdate 

–

Q , uarter Ended December 31, 2009

January 29, 2010
OVERVIEW

IntroductionThis is the initial quarterly report on the Legacy Securities Public-Private Investment Program 

This report includes a summary of PPIP capital activity, portfolio holdings and current pricingperformance. Treasury expects to provide additional information as the program matures in squarterly reports. 

PPIP OverviewPPIP is designed to support market functioning and facilitate price discovery in the mortgage-securities markets, allowing banks and other financial institutions to re-deploy capital and extencredit to households and businesses The investment obj credit to households and businesses. The investment objective of PPIP is to generate attractiv

of PPIP is to generate attractiv

taxpayers and private investors through long-term opportunistic investments in Eligible Assets below) by following predominantly a buy and hold strategy. Under the program, Treasury will $30 billion of equity and debt in public-private investment funds (“PPIFs”) established by privfund manag pp p g g g p ers for the purpose of purchasing Eligible Assets. The fund managers and private 

will also provide capital to the funds. PPIFs have eight-year terms which may be extended for periods of up to one-year each, up to a maximum of two years. To qualify for purchase by a Psecurities must have been issued prior to 2009 and have originally been rated AAA – or an equrating by two or more nationally recognized statistical rating organizations – without ratings enand must be secured directly by the actual mortgage loans, leases, or other assets (“Eligible AsPlease see page 8 of this program update for a glossary of terms used throughout this documeAdditional information on PPIP can also be found at www.financialstability.gov.

Neither this report nor the information contained herein constitutes an offer to sell or the soli

offer to buy any securities. Any such offer or solicitation with respect to any PPIF may only bthe applicable fund manager. This presentation has not been reviewed by any of the fund man
CAPITAL ACTIVITY

Set forth below is a summary of equity and debt capital by PPIF. As of December 31, 20PPIFs have completed initial and subsequent closings on approximately $6.2 billion of pequity capital, which was matched 100 percent by Treasury, representing $12.4 billion of capital. Treasury has also provided $12.4 billion of debt capital, representing $24.8 billiopurchasing power. As of December 31, 2009, PPIFs have drawn-down approximately $of total capital which has been invested in Eligible Assets and cash equivalents pending iSummary of Capital by PPIF ($ in Millions)

Closed Equity and Debt Ca

Closing Private Treasury Treas

Fund

Closing

Date

Private

Equity

Treasury

Equity

Treas

D

AG GECC PPIF Master Fund, L.P. 10/30/09 653 $ $ 653 $ 1,3

AllianceBernstein Legacy Securities Master Fund, L.P. 10/02/09 1,060 1,060 2,1

Blackrock PPIF, L.P. 10/02/09 582 582 1,1

Invesco Legacy Securities Master Fund, L.P. 09/30/09 506 506 1,0

Marathon Legacy Securities Public‐Private Investment Partnership, L.P. 11/25/09 400 400 8

Oaktree PPIP Fund, L.P. 12/18/09 456 456 9

RLJ Western Asset Public/Private Master Fund, L.P. 11/05/09 505 505 1,0

(1) UST/TCW Senior Mortgage Securities Fund, L.P. (1) 09/30/09 1,014 1,014 2,0

Wellington Management Legacy Securities PPIF Master Fund, LP 10/01/09 1,017 1,017 2,0

Total Closed $ 6,194 $ 6,194 $ 12,3

Total Program $ 10,000 $ 10,000 $ 20,0

(1) On January 4 2010 Treasury and TCW entered into an agreement to terminate this fund because some of the key investme( ) On January 4, 2010, Treasury and TCW entered into an agreement to terminate this fund because some of the key investme

left the firm. Pursuant to the agreement, all limited partners were released from capital commitments and the PPIF's holding

liquidated. Treasury did not incur any loss as a result of the termination and currently expects, based on preliminary reports 

the fund manager, that the TCW PPIF limited partners (private investors and Treasury) will realize a profit. TCW limited partn

ability to re‐allocate capital to other PPIFs.
PORTFOLIO HOLDINGS – SUMMARY BY SECTOR

The total market value of Non-Agency RMBS and CMBS held by all PPIFs was approximNon-Agency RMBS – $2,971 million CMBS – $440 millionbillion as of December 31, 2009. Approximately 87% of the portfolio holdings are Nonand 13% are CMBS. The charts below show composition of Eligible Assets by sector.

$348

12%

$136

5% $89

20%

$1,255

42%

12%

$1,233

41% $169

39%

Prime Alt‐A Subprime Option ARM Super Senior AM AJ

($ in Millions) ($ in Millions)
PORTFOLIO HOLDINGS – NON-AGENCY RMBS

The charts below illustrate the range of market prices of Non-Agency RMBS held by all D b 31 2009 P i d t f lPrime

100.0%

Alt-A

100.0%

December 31, 2009. Prices are expressed as a percent of par value.

Median Price: 73.5 Median Price: 60.1

66.9%

24 0%

40.0%60.0%80.0%

37.9%

43.7%

40.0%60.0%80.0%

3.4% 5.7%

24.0%

0.0%

20.0%

< 40 40 ‐ 60 60 ‐ 80 80 ‐ 100

11.7% 

0.0%

20.0%

< 40 40 ‐ 60 60 ‐ 80 

Subprime

80.0%

100.0%

Option ARM

61.5%

80.0%

100.0% Median Price: 60.6 Median Price: 54.1

30.0%

18.3% 23.3% 28.3%

20.0%40.0%60.0%

7.7%

30.8%

20.0%40.0%60.0%

0.0%

< 40 40 ‐ 60 60 ‐ 80 80 ‐ 100

0.0%

< 40 40 ‐ 60 60 ‐ 80 
PORTFOLIO HOLDINGS – CMBS

The charts below illustrate the range of market prices of CMBS held by all PPIFs as of D31 2009 P i d t f lSuper Senior

100.0%

AM

100.0% Median Price: 72.1

31, 2009. Prices are expressed as a percent of par value.

Median Price: 81.1

28.6%

71.4%

40.0%60.0%80.0%

80.0%

40.0%60.0%80.0%

0.0% 0.0%

28.6%

0.0%

20.0%

< 40 40 ‐ 60 60 ‐ 80 80 ‐ 100

0.0%

15.0%

0.0%

20.0%

< 40 40 ‐ 60 60 ‐ 80 

AJ

63.6%

80.0%

100.0% Median Price: 64.7

0 0%

36.4%

0 0%

20.0%40.0%60.0%

0.0% 0.0%

0.0%

< 40 40 ‐ 60 60 ‐ 80 80 ‐ 100
PERFORMANCE

Set forth below is a summary of performance since inception (the date on which each PPinitial capital draw) as reported by each fund manager. Performance will vary among PPdifferent risk/return objectives, leverage ratios, and sector allocations among other reasoinfluence of these factors as well as others on performance may evolve over time based oconditions. Moreover, PPIFs are in the early stages of their three-year investment periodperiod during which Eligible Assets may be purchased) and early performance may be disproportionately impacted by structuring and transaction costs and the pace of capital dby each PPIF. Because of this, industry practice counsels that, at this stage, any performanalysis done on these funds would not generate meaningful results and it would be premdraw any long-term conclusions about the performance of individual PPIFs or PPIP in gthe data reported below. It should be noted that the current and past performance of a Pindicative of its future performance. Performance Since Incep( , ) tion (As of December 31, 2009)

Fund Inception Date

S

AG GECC PPIF Master Fund, L.P. 11/12/09 AllianceBernstein AllianceBernstein Legacy Securities Securities Master Fund, L P. . 10/23/09 10/23/09 Blackrock PPIF, L.P. 10/16/09 Invesco Legacy Securities Master Fund, L.P. 10/13/09 

Marathon Legacy Securities Public‐Private Investment Partnership, L.P. 12/15/09 

Oaktree PPIP Fund, L.P. NA 

RLJ Western Asset Public/Private Master Fund L P 11/23/09 RLJ Western Asset Public/Private Master Fund, L.P. 11/23/09 UST/TCW Senior Mortgage Securities Fund, L.P. 10/19/09 

Wellington Management Legacy Securities PPIF Master Fund, LP 10/19/09 

(1) Performance is net of management fees and expenses attributable to Treasury.

NA = Not Applicable as the fund has not drawn down capital as of 12/31/09.
GLOSSARY OF TERMS

Non-Agency Residential Mortgage-Backed Securities (RMBS)Non-A R id i l M B k d S i i (RMBS) Agency Residential Mortgage Backed Securities (RMBS): T f ype o mortgage-b k

ac e

that is secured by loans on residential properties that are not issued or guaranteed by Fannie MMac or Ginnie Mae, or any other United States federal government-sponsored enterprise (GSEUnited States federal government agency. Non-Agency RMBS are typically classified by undercollateral / type of mortgage (i.e. Prime, Alt-A, Subprime, Option ARM).

P ir me: M l d b i h d di h ll h l d ’ 

Mortgage loan made to a borrower with good credit that generally meets the lender’s s

underwriting criteria. Non-Agency Prime loans generally are loans that exceed the dollar amoufor purchase by the GSEs (jumbo loans), but may include lower balance loans as well.Alt-A: Mortgage loan made to a borrower with good credit but with limited documentation, ocharacteristics that do not meet the standards for Prime loans. An Alt-A loan may have a borr

l r FICO r hi h r l lower FICO score, a higher loan-to-val r ti r li it d r d t ti p r d t 

lue ratio, or limited or no documentation compared to a 

Subprime: Mortgage loan made to a borrower with poor credit, typically having a FICO scorless.Option ARM: Mortgage loan that gives the borrower a set of choices of how much interest anto pay each month. This may result in negative amortization (i.e. an increasing loan principal b

ti ) me .Commercial Mortgage-Backed Securities (CMBS)Commercial Mortgage Backed Securities (CMBS): Type of mortgage-backed security thaby pp g g p g loans on commercial properties such as office buildings, retail buildings, apartment buildingetc. CMBS are typically classified by position in the capital structure (i.e. Super Senior, AM, AJSuper Senior: Most senior originally rated AAA bonds in a CMBS securitization with the high

credit enhancement. Credit enhancement refers to the percentage of the underlying mortgage balance that must be written down before the bond experiences any losses. Super Senior bondcomprised 70% of a securitization and therefore had 30% credit enhancement at issuance.

AM: Mezzanine-level originally rated AAA bond. AM bonds often comprised 10% of a CMBsecuritization and therefore had 20% credit enhancement at issuance, versus 30% for Super SeAJ: The most junior bond in a CMBS securitization that attained a AAA rating at issuance.
Monthly 105(a) Report January 2010

Appendix 3

Making Home Affordable Servicer Performance Report
Making Home Affordable Program

Servicer Performance Report Through December 2009

Overview of Administration Housing Stability Initiativ

Initiatives to Support Access to Affordable Mortgage

Credit and Housing

Initiatives to Prevent 

Stabilize 

Making Home Affordable 

• Goal of offering 3-4 mill

payments through a mo

• Over 900,000 homeown

modifications and over modifications have bee

• Homeowners in perman

median of over $500 peIn aggregate, homeownthrough modifications.

Making Home Affordable 

• Refinancing flexibility an

have allowed over 3.8 msaving an estimated $1more than $6.8 billion in 

Neighborhood Stabilizatio

Development Programs:

• Support for the hardest 

neighborhoods.

Lower Mortgage Rates and Access to Credit:

• Continued financial support to maintain affordable 

mortgage rates through the Government Sponsored Enterprises (GSEs)

• Interest rates down a full percentage point over the past 

year. Every 1% reduction in interest rate saves a borrower a median of $1500 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.

Tax Credits for Housing:

• Homebuyer credit to help homebuyers buy new homes.• Low-Income Housing Tax Credit (LIHTC) programs to 

support affordable rental housing.
Making Home Affordable Program

Servicer Performance Report Through December 2009

Mortgage Rates Housing InventoryHome Prices New and Existing Hom

507090

110130150170190210230

1999 2002 2005 2008

Case/Shiller 20‐city compositeFHFApurchase‐onlyindex

Index: Jan 2000 = 100

Loan PerformanceNational Home PriceIndex

Case/Shiller 20‐city compositeFHFApurchase‐onlyindex

Index: Jan 2000 = 100

Loan PerformanceNational Home PriceIndex

Case/Shiller 20‐city compositeFHFApurchase‐onlyindex

Index: Jan 2000 = 100

Loan PerformanceNational Home PriceIndex

Case/Shiller 20‐city compositeFHFApurchase‐onlyindex

Index: Jan 2000 = 100

Loan PerformanceNational Home PriceIndex

02468

101214161820

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

Conventional 30‐yearFixed Rate

10‐year Treasury Rate

Percent

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

0

200400600800

1,0001,2001,4001,600

1999 2002 

Sal(lef

Sale(rig

Thousands

02468

101214

1999 2002 

Mon

the 

Month

at the 

Months
54,161

152,965

269

0

100,000200,000300,000400,000500,000600,000700,000800,000900,000

1,000,000

May and 

Prior

June Ju

HAMP Program Highlights

HAMP Trials Started(Cumulative, by Month) 

Home Affordable Modification Program (HAMP) Snapshot through December 2009

HAMP Trial Plans Offere(Cumulative, by Month) 

Making Home Affordable Program 

Servicer Performance Report Through December 2009

Number of Trial Period Plan Offers Extended to Borrowers (Cumulative) 1

1,164,507

All HAMP Trials Started Since Program Inception2 902,620

All Active Modifications (Trial and Permanent) 853,696Active Trial Modifications2 787,231Permanent Modifications3 66,465

Permanent Modifications Pending Borrower Acceptance4 46,056Total Permanent Modifications Approved by Servicers5 112,521

1 Source: Survey data provided by servicers.2 As reported by the HAMP system of record.3 Active permanent modifications as reported by servicers into the HAMP system of record. 4 As reported by servicers in Treasury’s Conversion Campaign. Pending permanent modifications are those pending final signature of the 

borrower plus completed modifications not yet in the HAMP system of record. While pending, modifications are reflected in the count of 

active trials.

5 Permanent modifications in the HAMP system of record and pending modifications as reported by servicers in Treasury’s Conversion

Campaign. Pending permanent modifications are those pending final signature of the borrower plus completed modifications not yet in the 

HAMP system of record. While pending, modifications are reflected in the count of active trials.

 Approximately 89% of eligible mortgage debt outstanding is covered 

by HAMP participating servicers.

 During the 4th quarter, the number of servicers who have signed 

servicer participation agreements to modify loans under HAMP rose from 63 to 102. In addition, approximately 2,300 lenders service loans owned or guaranteed by Fannie Mae or Freddie Mac. These servicers are automatically eligible to participate in HAMP.

 In the 4th quarter, the volume of active trial and permanent 

modifications rose by more than 75% from the 3rd quarter.

 The December Conversion Campaign resulted in an increase in the 

number of permanent modifications of more than 100%. In addition, more than 46,000 offers for permanent modifications have been sent to borrowers and will be reported to the HAMP system of record once they have been signed and returned to the servicer. 

Additional information on HAMP can be found on MakingHomeAffordable.govor by calling the Homeowner’s HOPE Hotline at 1-888-995-HOPE (4673). 

105,806

242,366

406

0

200,000400,000600,000800,000

1,000,0001,200,0001,400,000

May and 

Prior

June Ju

Source: All trial modifications started by month first payment poSource: Survey data provided by servicers. September data incNovember data is through Nov. 26. 
Making Home Affordable Program 

Servicer Performance Report Through December 2009

• Borrowers in active trial and permanent modifications 

have saved more than $1.5 billion through HAMP modifications.• Loss of income is the primary borrower hardship. 

Interest Rate Reduction 100%Term Extension 43.2%Principal Forbearance 26.6%

Permanent Modifications by Waterfall Step:

Predominant Hardship Rea

2.7%

5.6%

11

0% 10% 

Illness of Principal

Borrower

Unemployment

Excessive

Obligation

Curtailment of

Income

Select Median Characteristics of Permanent Modifications

Loan Characteristic

Before 

Modification

After 

Modification Decrease

Front-End Debt-to-Income Ratio1 45.0% 31.0% ‐14.1 pct pts

Back-End Debt-to-Income Ratio2 72.2% 55.1% ‐14.7 pct ptsMedian Monthly Payment3 $1,418.93 $829.96 ‐$516.14

1 Curtailment of income refers to borrowers wh

Note: Does not include 19.3% of permanent m

1 Ratio of housing expenses (principal, interest, taxes, insurance and homeowners association and/or condo fees) to 

monthly gross income. Decrease cited is median decrease.

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. Decrease cited is median decrease. 3 Decrease cited is median decrease. 

1
Servicer 

Estimated 

Eligible 60+ Day

Delinquency1 

Trial Plan 

Offers 

Extended 

All HAMP 

Trials 

Started

Active Trial 

Modifications 2

Permanent 

Modifications2

Permanent 

Modifications

Pending3

Active Trials + 

Permanents as 

Share of Eligible 

60+ Day 

Delinquencies

American Home Mortgage Servicing Inc 124,262 14,243 10,918 10,658 232 9%

Aurora Loan Services, LLC4 78,225 41,259 36,618 21,912 4,682 2,737 34%

Bank of America, NA5 1,046,008 292,305 206,775 200,287 3,183 9,178 19%

Bank United 5,422 959 685 683 2 13%Bayview Loan Servicing, LLC 10,183 4,170 3,653 3,398 106 34%

Carrington Mortgage Services LLC 18,937 2,598 1,507 899 608 8%

CCO Mortgage 5,304 1,474 1,132 1,127 5 21%

CitiMortgage, Inc. 6 241,981 139,812 119,097 107,999 4,999 6,968 47%

Franklin Credit Management Corporation 9,557 32 0 0 0 0%

GMAC Mortgage, Inc. 69,281 42,411 32,159 20,672 9,872 2,733 44%

Green Tree Servicing LLC 10,927 4,838 3,455 3,268 87 31%HomEq Servicing 41,817 2,630 1,753 1,662 0 4%

J.P. Morgan Chase Bank, NA7 424,965 210,553 156,359 146,828 7,139 5,518 36%

Litton Loan Servicing LP 111,260 25,641 21,113 17,377 959 16%

Nationstar Mortgage LLC 49,026 21,902 14,588 12,176 1,277 27%Ocwen Financial Corporation, Inc. 64,797 17,557 12,884 7,427 5,332 2,256 20%

OneWest Bank 112,846 41,950 24,284 23,012 1,226 21%PNC Mortgage8 41,136 19,413 13,237 12,153 61 30%

Saxon Mortgage Services, Inc. 72,709 39,843 36,406 30,914 2,497 5,853 46%Select Portfolio Servicing 63,690 46,918 29,280 17,399 4,675 35%

US Bank NA 28,524 10,103 7,404 6,984 418 26%Wachovia Mortgage, FSB9 82,990 9,199 2,437 2,046 344 725 3%

Wells Fargo Bank, NA 350,169 172,541 126,413 110,284 8,424 10,088 34%

Other SPA servicers10 20,463 2,156 1,414 928 457 7%

Other GSE Servicers11 272,365 NA 39,049 27,138 9,880 14%

Total 3,356,844 1,164,507 902,620 787,231 66,465 46,056 25%

HAMP Modification Activity by Servicer 

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

November 30, 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.

Servicers enrolling after December 1 did not participate in the 60+ day delinquency 

survey; their delinquency count is from the servicer registration form.

2 Active trial and permanent modifications as reported into the HAMP system of record 

by servicers.

3 As reported by servicers targeted in Treasury’s Conversion Campaign. Includes 

permanent modifications pending final signature of the borrower plus completed modifications not yet reported into the HAMP system of record. While pending, modifications are reflected in the count of active trials.

4 Aurora Loan Services, LLC includes Aurora Financial Group.5 Bank of America, NA includes Bank of America, NA, BAC Home Loans Servicing LP, 

Home Loan Services and Wilshire Credit Corporation.

6 CitiMortgage, Inc. includes CitiMortgage, Inc. Master Servicing Division.7 J.P. Morgan Chase Bank, NA includes EMC Mortgage Corporation.8 Formerly National City Bank.9 Wachovia Mortgage FSB includes Wachovia Bank NA. 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 list of those servicers is available online at http://www.makinghomeaffordable.gov/contact_servicer.html

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

Making Home Affordable Program

Servicer Performance Report Through December 2009

Wachov

HomE

Carringto

American Hom

Bank Unit

Litt

Bank of Americ

Ocwe

CC

OneWe

US Ba

Nations

PNC Mortga

Green Tr

Bayvie

Wells Farg

Auro

Select Portfo

J.P. Morgan Chas

GMA

Saxo

CitiMortgag

Active Eligib

1 Bank 

Note: Inare the OctobeNovemDecem
Making Home Affordable Program 

Servicer Performance Report Through December 2009

HAMP Activity b

Note: Includes active trial and permanent 

HAMP Modifications

5,000 and lower5,001 – 10,00010,001 – 20,00020,001 – 35,00035,001 and higher

Mortgage Delinq

Source: Mortgage Bankers Associatio

HAMP Activity by State

State

Active 

Trials

Permanent 

Modifications Total State

Active 

Trials

Permanent 

Modifications Total

AK 459 34 493 MT 1,052 88 1,140AL 5,521 435 5,956 NE 1,291 116 1,407AR 2,182 228 2,410 NC 16,401 1,535 17,936AZ 38,989 4,137 43,126 ND 190 15 205CA 158,935 13,353 172,288 NH 3,498 351 3,849CO 11,170 1,072 12,242 NJ 26,490 2,027 28,517CT 10,063 802 10,865 NM 2,806 239 3,045DC 1,428 105 1,533 NV 20,597 1,942 22,539DE 2,560 250 2,810 NY 36,308 1,974 38,282FL 96,703 8,405 105,108 OH 17,489 1,477 18,966GA 31,147 2,627 33,774 OK 2,530 178 2,708HI 2,714 240 2,954 OR 8,888 875 9,763IA 2,554 174 2,728 PA 18,459 1,388 19,847ID 3,167 308 3,475 RI 3,694 338 4,032IL 41,793 3,149 44,942 SC 8,636 699 9,335IN 8,821 718 9,539 SD 376 30 406KS 2,428 172 2,600 TN 8,997 752 9,749KY 3,479 258 3,737 TX 27,092 1,485 28,577LA 4,990 289 5,279 UT 6,599 637 7,236MA 17,817 1,619 19,436 VA 19,791 1,898 21,689MD 25,847 2,270 28,117 VT 571 53 624ME 2,120 190 2,310 WA 15,455 1,515 16,970MI 26,777 2,326 29,103 WI 7,873 767 8,640MN 14,813 1,527 16,340 WV 1,372 120 1,492MO 9,980 668 10,648 WY 423 43 466MS 3,210 307 3,517 Other* 611 222 833

* Includes Guam, Puerto Rico and the U.S. Virgin Islands.Note: Figures include active trial and permanent modifications. They do not include 113 loans that did not have identifiable state data. 
Making Home Affordable Program 

Servicer Performance Report Through December 2009

Servicer 

Bank of America, NA1 

JP Morgan Chase NA2 

Wells Fargo Bank, NA CitiMortgage, Inc. Saxon Mortgage Services Inc. GMAC Mortgage, Inc. 

Aurora Loan Services, LLC 

OneWest Bank Select Portfolio Servicing 

Litton Loan Servicing LP3 

Nationstar Mortgage LLC Ocwen Financial Corporation, InPNC Mortgage4 

American Home Mortgage Servicing Inc 

US Bank NA 

Bayview Loan Servicing, LLC Green Tree Servicing LLC 

Wachovia Mortgage, FSB5 

HomEq Carrington Mortgage Services LLC 

Remainder 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 Loans previously reported as portfolio have bee4 Formerly National City Bank.5 Wachovia Mortgage FSB includes Wachovia BaNote: 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 Jersey-Long Island, NY-NJ-PA 48,692 3,056 51,748 6.1%

Los Angeles-Long Beach-Santa Ana, CA 45,945 3,469 49,414 5.8%

Chicago-Naperville-Joliet, IL-IN-WI 40,291 3,036 43,327 5.1%

Miami-Fort LauderdalePompano Beach, FL 37,261 2,987 40,248 4.7%Riverside-San BernardinoOntario, CA 36,671 3,383 40,054 4.7%Phoenix-Mesa-Scottsdale, AZ 32,075 3,453 35,528 4.2%

Washington-ArlingtonAlexandria, DC-VA-MD-WV

27,201 2,446 29,647 3.5%

Atlanta-Sandy Springs-Marietta, GA 25,107 2,165 27,272 3.2%Las Vegas-Paradise, NV 17,187 1,531 18,718 2.2%Detroit-Warren-Livonia, MI 16,687 1,336 18,023 2.1%

Orlando-Kissimmee, FL 15,516 1,400 16,916 2.0%

Philadelphia-CamdenWilmington, PA-NJ-DE-MD 13,994 1,125 15,119 1.8%

Boston-Cambridge-Quincy, MA-NH 12,596 1,184 13,780 1.6%

Minneapolis-St. PaulBloomington, MN-WI 12,136 1,237 13,373 1.6%

Tampa-St. PetersburgClearwater, FL 12,044 1,159 13,203 1.5%

Note: Figures include active trial and permanent modifications.A complete list of HAMP activity for all MSAs is available athttp://www.financialstability.gov/docs/press/MSA%20Data%20December.pdf
Monthly 105(a) Report January 2010

Appendix 4

Financial Statement
Budget

Object Class 

(BOC) Budget Object Class Title Obligations Expenditures

Pro

Obli

PERSONNEL SERVICES 1100 & 1200 PERSONNEL COMPENSATION & BENEFITS 24,412,153 $ 23,907,124 $ 

$ 

PERSONNEL SERVICES Total: 24,412,153 $ 23,907,124 $ 

$ 

2100 TRAVEL & TRANSPORTATION OF PERSONS 457,102 $ 432,335 $ 

$ 

2200 TRANSPORTATION OF THINGS 11,960 11,960 

 

2300 RENTS, COMMUNICATIONS, UTILITIES & MISC CHARGES 229,247 89,085 

 

2400 PRINTING & REPRODUCTION 395 395 

 

2500 OTHER SERVICES 86,228,709 51,786,939 

 

2600 SUPPLIES AND MATERIALS 322,492 320,452 

 

3100 EQUIPMENT 232,054 222,675 

 

3200 LAND & STRUCTURES - - 

 

4300 INTEREST & DIVIDENDS 8 8 

 

NON-PERSONNEL SERVICES Total: 87,481,967 $ 52,863,849 $ 

$ 

GRAND TOTAL: $111,894,120 76,770,973 11

$ 

United States Department of Treasury

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending 

January 31, 2010 

NON-PERSONNEL SERVICES

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

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending January 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

* 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 January 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

10/28/2008 Bank of America Corporation Charlotte NC Preferred Stock w/ Warrants 15,000,000,000 $ Par 12/9/2009 4 

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 4 

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 4 

10/28/2008 JPMorgan Chase & Co. New York NY Preferred Stock w/ Warrants 25,000,000,000 $ Par 6/17/2009 4 10/28/2008 Morgan Stanley New York NY Preferred Stock w/ Warrants 10,000,000,000 $ Par 6/17/2009 4 10/28/2008 State Street Corporation Boston MA Preferred Stock w/ Warrants 2,000,000,000 $ Par 6/17/2009 5 

10/28/2008 Wells Fargo & Company San Francisco CA Preferred Stock w/ Warrants 25,000,000,000 $ Par 12/23/2009 4 

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 4 

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

Purchase Date 

Seller Purchase Details Capital Rep

Capital 

Repayment Date

For Period Ending January 31, 2010

CAPITAL PURCHASE PROGRAM

Footnote

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

U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

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 4 

11/14/2008 BB&T Corp. Winston-Salem NC Preferred Stock w/ Warrants 3,133,640,000 $ Par 6/17/2009 4 

11/14/2008 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 11/14/2008 Comerica Inc. Dallas TX Preferred Stock w/ Warrants 2,250,000,000 $ Par 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 4 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 4 

9/23/2009 4 

12/23/2009 4 

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 4 

11/14/2008 TCF Financial Corporation Wayzata MN Preferred Stock w/ Warrants 361,172,000 $ Par 4/22/2009 4 

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

11/21/2008 HF Financial Corp. Sioux Falls SD Preferred Stock w/ Warrants 25,000,000 $ Par 6/3/2009 4 

11/21/2008 Centerstate Banks of Florida Inc. Davenport FL Preferred Stock w/ Warrants 27,875,000 $ Par 9/30/2009 5 

11/21/2008 City National Corporation Beverly Hills CA Preferred Stock w/ Warrants 400,000,000 $ Par 12/30/2009 4 

11/21/2008 First Community Bankshares Inc. Bluefield VA Preferred Stock w/ Warrants 41,500,000 $ Par 7/8/2009 5 

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 11/14/2008 Valley National Bancorp Wayne NJ Preferred Stock w/ Warrants $ 300,000,000 Par 

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 11/21/2008 Heritage Financial Corporation Olympia WA Preferred Stock w/ Warrants 24,000,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Purchase Date 

Seller Purchase Details Capital Rep

Capital 

Repayment Date

Footnote

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 4 

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 4 

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 

12/5/2008 Midwest Banc Holdings, Inc. Melrose Park IL Preferred Stock w/ Warrants 84,784,000 $ Par 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 4 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 4 

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

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

12/5/2008 Sandy Spring Bancorp, Inc. Olney MD Preferred Stock w/ Warrants 83,094,000 $ Par 12/5/2008 Coastal Banking Company, Inc. Fernandina Beach FL Preferred Stock w/ Warrants 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 12/5/2008 Great Southern Bancorp Great Southern Bancorp Springfield Springfield MO Preferred Stock w/ Warrants Preferred Stock w/ Warrants $ 58 000 000 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 4 

9/2/2009 4 

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 4 

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 4 

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 4 

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 5 12/12/2008 LNB Bancorp Inc. Lorain OH Preferred Stock w/ Warrants 25 $ Par ,223,000

CVB Financial Corp CA Preferred Stock w/ Warrants $ 130,000,000 Par 

12/5/2008 Ontario 

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 4 

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 4 

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 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Purchase Date 

Seller Purchase Details Capital Rep

Capital 

Repayment Date

Footnote

12/12/2008 Sterling Bancshares, Inc. Houston TX Preferred Stock w/ Warrants 125,198,000 $ Par 5/5/2009 4 

12/12/2008 The Bancorp, Inc. Wilmington DE Preferred Stock w/ Warrants 45,220,000 $ Par 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 4 

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 BancTrust Financial Group, Inc. Mobile AL Preferred Stock w/ Warrants 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 4 

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, $ Par 5/27/2009 000,000 4 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 5 

12/19/2008 Monarch Financial Holdings, Inc. Chesapeake VA Preferred Stock w/ Warrants 14,700,000 $ Par 12/23/2009 5 

12/19/2008 StellarOne Corporation Charlottesville VA Preferred Stock w/ Warrants 30,000,000 $ Par 12/19/2008 Union Bankshares Corporation Bowling Green VA Preferred Stock w/ Warrants 59,000,000 $ Par 11/18/2009 5 

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 4 

12/19/2008 Hawthorn Bancshares, Inc. Lee's Summit MO Preferred Stock w/ Warrants 30,255,000 $ Par 12/19/2008 The Elmira Savings 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 4 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 p p $ 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 2 12/19/2008 Monadnock Bancorp, Inc. Peterborough NH Preferred Stock w/ Exercised Warrants 1,834,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Purchase Date 

Seller Purchase Details Capital Rep

Capital 

Repayment Date

Footnote

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 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 First Community Bank Corporation of America Pinellas Park FL Preferred Stock w/ Warrants 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 4 

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 Pacific Coast Bankers' Bancshares San Francisco CA Preferred Stock w/ Exercised Warrants 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 

12/31/2008 Fifth Third Bancorp Cincinnati OH Preferred Stock w/ Warrants 3,408,000,000 p $ 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 

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 1 1/9/2009 Bank of America Corporation Charlotte NC Preferred Stock w/ Warrants 10,000,000,000 $ Par 12/9/2009 4 

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

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

Purchase Date 

Seller Purchase Details Capital Rep

Capital 

Repayment Date

Footnote

1/9/2009 Peapack-Gladstone Financial Corporation Gladstone NJ Preferred Stock w/ Warrants 28,685,000 $ Par 1/6/2010 4 

1/9/2009 Commerce National Bank Newport Beach CA Preferred Stock w/ Warrants 5,000,000 $ Par 10/7/2009 4 

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 4 

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 4 

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 4 

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 4 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 4 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 1/9/2009 First Security Group, Inc. Chattanooga TN Preferred Stock w/ Warrants 33,000,000 Fi t S it G I Ch tt TN P f d St k / W t $ Par $ 33 000 000 P1/9/2009 Shore Bancshares, Inc. Easton MD Preferred Stock w/ Warrants 25,000,000 $ Par 4/15/2009 4 

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 1/16/2009 Somerset Hills Bancorp Bernardsville NJ Preferred Stock w/ Warrants 7,414,000 $ Par 5/20/2009 4 

1/16/2009 SCBT Financial Corporation Columbia SC Preferred Stock w/ Warrants 64,779,000 $ Par 5/20/2009 4 

1/16/2009 S&T Bancorp Indiana PA Preferred Stock w/ Warrants 108,676,000 $ Par 1/16/2009 ECB Bancorp, Inc. Engelhard 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 4 

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 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Purchase Date 

Seller Purchase Details Capital Rep

Capital 

Repayment Date

Footnote

1/16/2009 OceanFirst Financial Corp. Toms River NJ Preferred Stock w/ Warrants 38,263,000 $ Par 12/30/2009 5 

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 4 

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

2, 14 1/16/2009 Pacific Coast National Bancorp San Clemente CA Preferred Stock w/ Exercised Warrants 4,120,000 $ Par 

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 4 

2 1/16/2009 BNCCORP, Inc. Bismarck ND Preferred Stock w/ Exercised Warrants 20, $ Par 093,0002 1/16/2009 First Manitowoc Bancorp, Inc. Manitowoc WI Preferred Stock w/ Exercised Warrants 12,000,000 $ Par 5/27/2009 4 

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. 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 4 

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 4 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 4 

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 Flagstar Bancorp, Inc. Troy MI Preferred Stock w/ Warrants 266,657,000 $ Par 

1/30/2009 Middleburg Financial Corporation Middleburg VA Preferred Stock w/ Warrants $ 22 000 000 Par 12/23/2009 5 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 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Purchase Date 

Seller Purchase Details Capital Rep

Capital 

Repayment Date

Footnote

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 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 1/30/2009 C t lB h I H t TX P f d St k / E i d W t $ Par 5 800 000 P

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 2 2/6/2009 First Market Bank, FSB Richmond VA Preferred Stock w/ Exercised Warrants 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 2/6/2009 F & M Fi i l C ti S li b y NC Preferred Stock w/ Exercised Warrants 17,000,000 P f d St k / E i d W t $ Par $ 17 000 000 P

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 2/6/2009 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 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Purchase Date 

Seller Purchase Details Capital Rep

Capital 

Repayment Date

Footnote

9/2/2009 4 

11/18/2009 4 

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 Mid t R i l B I F t MO P f d St k / E i d W t $ 700 000 P 11/10/2009 4 

2/13/2009 Westamerica Bancorporation San Rafael CA Preferred Stock w/ Warrants $ 83,726,000 Par 

2 2/13/2009 Midwest Regional Bancorp, Inc. Festus MO Preferred Stock w/ Exercised Warrants 700,000 $ Par 11/10/2009 4 

2 2/13/2009 Bern Bancshares, Inc. Bern KS Preferred Stock w/ Exercised Warrants 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 Florida Business BancGroup, Inc. Tampa FL Preferred Stock w/ Exercised Warrants 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 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Purchase Date 

Seller Purchase Details Capital Rep

Capital 

Repayment Date

Footnote

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 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, $ Par 400,0002 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 3/6/2009 HCSB Financial Corporation Loris SC Preferred Stock w/ Warrants 12,895,000 HCSB Fi i l C ti L i SC P f d St k / W t $ Par $ 12 895 000 P3/6/2009 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 3/13/2009 B Id d I Sh ffi ld AL P f dS k /E i dW $ Par 21 100 000 P2 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 4 

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 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Purchase Date 

Seller Purchase Details Capital Rep

Capital 

Repayment Date

Footnote

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 

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 4/17/2009 BNB Financial Services Corporation BNB Financial Services Corporation New York New York NY Preferred Stock w/ Exercised Warrants Preferred Stock w/ Exercised Warrants $ 7 500 000 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 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Purchase Date 

Seller Purchase Details Capital Rep

Capital 

Repayment Date

Footnote

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 4 

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 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 6,100,000

8 5/1/2009 Security State Bank Holding-Company Jamestown ND Subordinated Debentures w/ Exercised Warrants $ Par 10,750,000

2 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 3,000,000

8 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 p $ 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 $ Par 2 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 5,586,000

8 5/15/2009 Brogan Bankshares, Inc. Kaukauna WI Subordinated Debentures w/ Exercised Warrants $ Par 2,400,000

8 5/15/2009 Riverside Bancshares, Inc. Little Rock AR Subordinated Debentures w/ Exercised Warrants $ Par 1,100,000

8 5/15/2009 Deerfield Financial Corporation Deerfield WI Subordinated Debentures w/ Exercised Warrants $ Par 2,639,000

8 5/15/2009 Market Street Bancshares, Inc. Mt. Vernon IL Subordinated Debentures w/ Exercised Warrants $ Par 20,300,000

2 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 6,349,000

8 5/22/2009 F & C Bancorp, Inc. Holden MO Subordinated Debentures w/ Exercised Warrants $ Par 2,993,000

8 5/22/2009 Diamond Bancorp, Inc. Washington MO Subordinated Debentures w/ Exercised Warrants $ Par 20,445,000

8 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 19,468,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Purchase Date 

Seller Purchase Details Capital Rep

Capital 

Repayment Date

Footnote

2 5/29/2009 American Premier Bancorp Arcadia CA Preferred Stock w/ Exercised Warrants 1,800,000 $ Par 2 5/29/2009 CB Holding Corp. Aledo IL Preferred Stock w/ Exercised Warrants 4,114,000 $ Par 2 5/29/2009 Citizens Bancshares Co. Chillicothe MO Preferred Stock w/ Exercised Warrants 24,990,000 $ Par 2 5/29/2009 Grand Mountain Bancshares, Inc. Granby CO Preferred Stock w/ Exercised Warrants 3,076,000 $ Par 2 5/29/2009 Two Rivers Financial Group Burlington IA Preferred Stock w/ Exercised Warrants 12,000,000 $ Par 8 5/29/2009 Fidelity Bancorp, Inc Baton Rouge LA Subordinated Debentures w/ Exercised Warrants $ Par 3,942,000

8 5/29/2009 Chambers Bancshares, Inc. Danville AR Subordinated Debentures w/ Exercised Warrants $ Par 19,817,0002 6/5/2009 Covenant Financial Corporation Clarksdale MS Preferred Stock w/ Exercised Warrants 5,000,000 $ Par 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 2,892,000 $ Par 

2, 10 6/12/2009 First Vernon Bancshares, Inc. Vernon AL Preferred Stock w/ Exercised Warrants 6,000,000 $ Par 

2 6/12/2009 SouthFirst Bancshares, Inc. Sylacauga AL Preferred Stock w/ Exercised Warrants 2,760,000 $ Par 

2, 10 6/12/2009 Virginia Company Bank Newport News VA Preferred Stock w/ Exercised Warrants 4,700,000 $ Par 

2 6/12/2009 Enterprise Financial Services Group, Inc. Allison Park PA Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 

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 3,510,000 $ Par 

2 10 ,6/19/2009 6/19/2009 RCB Financial Corporation RCB Financial Corporation Rome GA Preferred Stock w/ Exercised Warrants Preferred Stock w/ Exercised Warrants $ 8 900 000 8,900,000 Par

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 $ Par 10,000,0008 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 11,926,000 $ Par 

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 3,400,000,000 $ Par 

2 6/26/2009 Fidelity Resources Company Plano TX Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 

2, 10 6/26/2009 Waukesha Bankshares, Inc. Waukesha WI Preferred Stock w/ Exercised Warrants 5,625,000 $ Par 

2 6/26/2009 FC Holdings, Inc. Houston TX Preferred Stock w/ Exercised Warrants 21,042,000 $ Par 

2, 10 6/26/2009 Security Capital Corporation Batesville MS Preferred Stock w/ Exercised Warrants 17,388,000 $ Par 

2 6/26/2009 First Alliance Bancshares, Inc. Cordova TN Preferred Stock w/ Exercised Warrants 3,422,000 $ Par 2 6/26/2009 Gulfstream Bancshares, Inc. Stuart FL Preferred Stock w/ Exercised Warrants 7, $ Par 500,000

2, 10 6/26/2009 Gold Canyon Bank Gold Canyon AZ Preferred Stock w/ Exercised Warrants 1,607,000 $ Par 

2, 3, 10 6/26/2009 M&F Bancorp, Inc. Durham NC Preferred Stock 11,735,000 $ Par 

2 6/26/2009 Metropolitan Bank Group, Inc. Chicago IL Preferred Stock w/ Exercised Warrants 71,526,000 $ Par 2 6/26/2009 NC Bancorp, Inc. Chicago IL Preferred Stock w/ Exercised Warrants 6,880,000 $ Par 2 6/26/2009 Alliance Bancshares, Inc. Dalton GA Preferred Stock w/ Exercised Warrants 2,986,000 $ Par 8 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 8 6/26/2009 Signature Bancshares, Inc. Dallas TX $ 1,700,000 Par Warrants $ 1,700,000 Par

8 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 13,669,000 $ Par 

2 7/17/2009 Brotherhood Bancshares, Inc. Kansas City KS Preferred Stock w/ Exercised Warrants 11,000,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Purchase Date 

Seller Purchase Details Capital Rep

Capital 

Repayment Date

Footnote

2 7/17/2009 SouthCrest Financial Group, Inc. Fayetteville GA Preferred Stock w/ Exercised Warrants 12,900,000 $ Par 

2,3 7/17/2009 Harbor Bankshares Corporation Baltimore MD Preferred Stock 6,800,000 $ Par 

8 7/17/2009 First South Bancorp, Inc. Lexington TN Subordinated Debentures w/ Exercised Warrants $ Par 50,000,000

8 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 13,312,000 $ Par 

2, 10 7/24/2009 Community Bancshares, Inc. Kingman AZ Preferred Stock w/ Exercised Warrants 3,872,000 $ Par 

2 7/24/2009 Florida Bank Group, Inc. Tampa FL Preferred Stock w/ Exercised Warrants 20,471,000 $ Par 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 7,000,000 $ Par 

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 20,000,000 $ Par 2 8/7/2009 U.S. Century Bank Miami FL Preferred Stock w/ Exercised Warrants 50,236,000 $ Par 2 8/14/2009 Bank Financial Services, Inc. Eden Prarie MN Preferred Stock w/ Exercised Warrants 1,004,000 $ Par 2 8/21/2009 KS Bancorp, Inc. Smithfield NC Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 8 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 3,223,000 $ Par 

2 8/28/2009 First Guaranty Bancshares, Inc. Hammond LA Preferred Stock w/ Exercised Warrants 20,699,000 $ Par 

2 10 ,8/28/2009 8/28/2009 CoastalSouth Bancshares Inc CoastalSouth Bancshares, Inc. Hilton Head Island Hilton Head Island SC Preferred Stock w/ Exercised Warrants Preferred Stock w/ Exercised Warrants $ 16 015 000 16,015,000 Par

8, 10 8/28/2009 TCB Corporation Greenwood SC Subordinated Debentures w/ Exercised Warrants $ Par 9,720,000

8, 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 6,771,000 $ Par 

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 7,000,000 $ Par 2, 10 9/11/2009 PFSB Bancorporation, Inc. Pigeon Falls WI Preferred Stock w/ Exercised Warrants 1,500,000 $ Par 

8 9/11/2009 First Eagle Bancshares, Inc. Hanover Park IL 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 

8, 10 9/25/2009 GulfSouth Private Bank Destin FL Subordinated Debentures w/ Exercised Warrants $ Par 7,500,000

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 $ Par 6,251,000

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 6,842,000

2, 10a 11/6/2009 11/6/2009 F & M Bancshares, Inc. F & M Bancshares, Inc. Trezevant Trezevant TN Preferred Stoc Preferred Stock $ 3,535,000 3,535,000 Par

2, 10 11/13/2009 Fidelity Federal Bancorp Evansville IN Preferred Stock w/ Exercised Warrants $ Par 6,657,000

8, 10 11/13/2009 Community Pride Bank Corporation Ham Lake MN

Subordinated Debentures w/ Exercised Warrants $ Par 4,400,000

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 2,348,000
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Purchase Date 

Seller Purchase Details Capital Rep

Capital 

Repayment Date

Footnote

3, 10a 12/4/2009 Broadway Financial Corporation Los Angeles CA Preferred Stock $ Par 6,000,000

2 12/4/2009 Delmar Bancorp Delmar MD Preferred Stock w/ Exercised Warrants $ Par 9,000,000

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 1,505,000 $ Par 2, 10a 12/11/2009 First Business Bank, N.A. San Diego CA Preferred Stock $ Par 2,032,000

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 4,640,0002, 10a 12/18/2009 Birmingham Bloomfield Bancshares, Inc Birmingham MI Preferred Stock $ Par 1,744,0002, 10a 12/18/2009 First Priority Financial Corp. Malvern PA Preferred Stock $ Par 4,596,0002, 10a 12/18/2009 Northern State Bank Closter NJ Preferred Stock $ Par 1,230,0002, 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 10, a 12/22/2009 First Choice Ban 12/22/2009 Fi t Ch i B k C iterros CA P f d St k Preferred Stock $ Par 2 836 000 2,836,000 P

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 9,698,0002, 10a 12/22/2009 Catskill Hudson Bancorp, Inc Rock Hill NY Preferred Stock w/ Exercised Warrants $ Par 3,500,0002, 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 4,567,0002, 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 3,262,0002, 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 $ Total Capital Repa

204,894,726,320 

TOTAL TREASURY CPP INVESTMENT AMOUNT 

5/ Redemption pursuant to a qualified equity offering.1/ 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 m

funded on 1/9/2009.2/ 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.4/ Repayment pursuant to Title VII, Section 7001(g) of the American Recovery and Reinvestment Act of 2009.

6/ Thi t d t i l d d d id di id d hi h t b id t th ti f it l t3a/ Treasury cancelled the warrants received from this institution due to its designation as a CDFI.10a/ This institution received an additional investment through the expansion of CPP for small banks.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.14/ As of the date of this report, this institution is in bankruptcy proceedings. 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 truste15/ 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 

13/ 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 

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.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 Popula

7/ The proceeds associated with the disposition of this investment do not include accrued and unpaid dividends.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 

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 Seriterminated on receipt of certain shareholder approvals.

6/ This amount does not include accrued and unpaid dividends, which must be paid at the time of capital repayment.
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 

General Motors Debt Obligation w/ Additional 8 Exchange for preferred and 9

6

$ 360,624,198 Par Debt Obligation w/ Additional Note General Motors Corporation 5/27/2009 Purchase 

General MoHoldings LL

7/10/2009 

Exchange for preferred and common stock in New GM $ 360,624,198 N/A

7

Detroit, MI 

General 

Motors

GMAC

Detroit, MI

Initial Investment

Type Amount

Obligo

Treas

Pricing 

Mechanism

Seller 

AUTOMOTIVE INDUSTRY FINANCING PROGRAM

Exchange/Transfer/Other Details

Date

Transaction 

Type Description Amount

Pricing 

City, State Mechanism Date

5/21/2009 Purchase GMAC Partial exchange for common stock $ 7,500,000,000 Par 22 12/30/2009 Convertible Preferred Stock w/ Exercised Warrants $ 3,000,000,000 N/A

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 97/10/2009 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 

Auburn Hills, 

MI

Chrysler 

FinCo

Chrylser

Farmington 

Hills, MI

"Chrysler FinCo" refers to Chrysler Financial Services Americas LLC."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."Old GM" refers to General Motors Corporation, which is now known as Motors Liquidation Company.As used in this table and its footnotes:"GMAC" refers to GMAC Inc., formerly known as GMAC LLC."Chrysler Holding" refers to CGI Holding LLC, the company formerly known as "Chrysler Holding 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.

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 fun7. 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.)14. 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."Old Chrysler" refers to Chrysler 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 maxim3. 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 

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.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

1. Payment amount does not include accrued and unpaid interest on a debt obligation, which must be paid at the time of principal repayment.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.

AUTOMOTIVE SUPPLIER SUPPORT PROGRAM

21. Amount of the Treasury investment after exchange includes the exercised warrants from Treasury's initial investment. 19. 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

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. 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

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 $15,400,000,000.5. This transaction was a further amendment to the Old GM Loan, which brought the total loan amount to $19,400,000,000.17. 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

15. The loan was used to capitalize Chrysler Warranty SPV LLC, a special purpose vehicle created by Old Chrysler. 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. 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 completed10. 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 

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.

City State

Adjustm

Amou

1 4/9/2009 Wilmington DE Purchase 3,500,000,000 $ 7/8/2009 3 $ 

(1,000,0

2 4/9/2009 Wilmington DE Purchase $ 1,500,000,000 7/8/2009 3 $ (500,0

$ 5,000,000,000 

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 

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.

Pricing Mechanism

INITIAL TOTAL

Footnote

AUTOMOTIVE SUPPLIER SUPPORT PROGRAM

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 

Adjustment 

Date

3/ Treasury issued notice to the institution of the permanent reduced commitment on 7/8/2009; the reduction was effective on 7/1/2009.

Seller 

Adjus

Name of Institution

ADJUSTED 

Date Transaction Type

N/A 

GM Supplier Receivables LLC Chrysler Receivables SPV LLC

Debt Obligation w/ Additional NoteDebt Obligation w/ Additional Note

Investment 

Description 

N/A

Investment 

Amount
Date Name of Institution City State

Capital 

Repayment Date

Capital Repayment 

Amount

Remaining 

Capital Amount

Remaining Capital 

Description Final Disposition Date

F

Disp

Desc

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

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 $ 4,034

3 12/23/2009 Citigroup Inc. New York NY Termination Termination Agreement $ (5,000,000,000)

TOTAL $ 0

Footnote 

Initial Investment

Seller

Guarantee Limit

 $ 4,034,000,000 

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 

that, 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.

1/ In consideration for the guarantee, Treasury received $4.03 billion of preferred stock, which pays 8% interest.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

Trust Preferred Securities. 

Date Type 

Exchange/Transfer/Other Details

Footnote

Premium

Type Description Amount

AMOUNT

TOTAL TREASURY TIP INVESTMENT AMOUNT

2/ Repayment pursuant to Title VII, Section 7001 of the American Recovery and Reinvestment Act of 2009.1/ 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

Preferred Stock, Series I (TIP Shares) “dollar for dollar” for Trust Preferred Securities.

ASSET GUARANTEE PROGRAM

Description Description Am

TARGETED INVESTMENT PROGRAM

Final Dispo

Treasury Investment Remaining After Capital 

Seller Capital Repayment Details Repayment

Investment Description Investment Amount

Pricing 

Mechanism

Transaction 

Footnote Type
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

(formerly referred to as Systemically Significant Failing Institutions)

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

Footnote Date 

Purchase Details 

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 additionthe cumulative unpaid dividends for the Series D Preferred Shares due to Treasury through and including the exchange date.

Date

Seller Transaction 

Type Investment Description 

CONSUMER AND BUSINESS LENDING INITIATIVE INVESTMENT PROGRAM

Footnote Investment Amount Pricing Mech

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.the cumulative unpaid dividends for the Series D Preferred Shares due to Treasury through and including the exchange date.
Name of Institution City State Date Amoun

1 9/30/2009 UST/TCW Senior Mortgage Securities Fund, L.P. Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par 1/4/2009

4

$ 

156,2

1 9/30/2009 Invesco Legacy Securities Master Fund, L.P. Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par

2 9/30/2009 Invesco Legacy Securities Master Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par1 10/1/2009 Wellington Management Legacy Securities PPIF Master Fund, LP Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par2 10/1/2009 Wellington Management Legacy Securities PPIF Master Fund, LP Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par1 10/2/2009 AllianceBernstein Legacy Securities Master Fund, L.P. Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par2 10/2/2009 AllianceBernstein Legacy Securities Master Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par1 10/2/2009 Blackrock PPIF, L.P. Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par2 10/2/2009 Blackrock PPIF, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par1 10/30/2009 AG GECC PPIF Master Fund, L.P. Wilmington DE Purchase Membership Interest $ Pa 1,111,111,111 r2 10/30/2009 AG GECC PPIF Master Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par1 11/4/2009 RLJ Western Asset Public/Private Master Fund, L.P. Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par2 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

2 9/30/2009 $ 200,0

4

LEGACY SECURITIES PUBLIC-PRIVATE INVESTMENT PROGRAM (S-PPIP)

Pricing 

Investment Description Mechanism

Transaction 

Footnote Date Type

Seller

Investment Amount

Adjusted Investment 3

UST/TCW Senior Mortgage Securities Fund, L.P.

Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds $ 2,222,222,222 Par 1/4/2009

, g g g $ ,,,

1 11/25/2009 Marathon Legacy Securities Public-Private Investment Partnership, L.P. Wilmington DE Purchase Membership Interest 1,111,1 $ Pa 11,111 r2 11/25/2009 Marathon Legacy Securities Public-Private Investment Partnership, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par1 12/18/2009 Oaktree PPIP Fund, L.P. Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par2 12/18/2009 Oaktree PPIP Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par

TOTAL INVESTMENT AMOUN T $ 30,000,000,000 

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.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 final investment in 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.

TOTAL CAPITAL REPAYME
Servicer Modifying Borrowers' Loans

Name of Institution City State 

Financial Instrument for Home Loan Modifications $ 633,000,000 

4/13/2009 Wells Fargo Bank, NA Des Moines IA Purchase Financial Instrument for Home Loan Modifications $ 2,873,000,000 4/13/2009 CitiMortgage, Inc.

4/13/2009 Select Portfolio Servicing Salt Lake City UT Purchase Financial Instrument for Home Loan Modifications $ 376,000,000 

O'Fallon MO Purchase Financial Instrument for Home Loan Modifications $ 2,071,000,000 

4/13/2009 GMAC Mortgage, Inc. Ft. Washington PA Purchase

HOME AFFORDABLE MODIFICATION PROGRAM

Date 

Transaction 

Type Investment Description 

Cap of Incentive Payments 

on Behalf of Borrowers and 

to Servicers & 

Lenders/Investors (Cap) 1

4/13/2009 Chase Home Finance, LLC Iselin NJ Purchase Financial Instrument for Home Loan Modifications $ 3,552,000,000 

Purchase Financial Instrument for Home Loan Modifications $ 1,864,000,000 

TX Purchase

Purchase Financial Instrument for Home Loan Modifications $ 798,900,000 

Financial Instrument for Home Loan Modifications $ 407,000,000 

4/16/2009 Ocwen Financial Corporation, Inc. West Palm Beach FL Purchase Financial Instrument for Home Loan Modifications $ 659,000,000 4/13/2009

Bank of America, N.A. Simi Valley CA

4/17/2009 as 

amended on 

1/26/2010

Countrywide Home Loans Servicing LP Simi Valley CA

4/17/2009 as 

amended on 

1/26/2010

Saxon Mortgage Services, Inc. Irving
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

4/20/2009 Wilshire Credit Corporation Beaverton OR Purchase Financial Instrument for Home Loan Modifications $ 366,000,000 

4/20/2009 Home Loan Services, Inc. Pittsburgh PA Purchase Financial Instrument for Home Loan Modifications $ 319,000,000 4/24/2009 Green Tree Servicing LLC Saint Paul MN

4/27/2009 Carrington Mortgage Services, LLC Santa Ana CA Purchase Financial Instrument for Home Loan Modifications $ 195,000,000 

Purchase Financial Instrument for Home Loan Modifications $ 156,000,000 

6/19/2009 First Federal Savings and Loan Port Angeles WA Purchase Financial Instrument for Home Loan Modifications 770,000 $ 

CCO MortgageRG Mortgage Corporation San Juan

Glen Allen VA Purchase Financial Instrument for Home Loan Modifications $ 16,520,000 N

5/28/2009 Nationstar Mortgage LLC

Residential Credit Solutions Fort Worth TX Purchase Financial Instrument for Home Loan Modifications $ 19,400,000 N

Lewisville TX Purchase Financial Instrument for Home Loan Modifications $ 101,000,000 

5/1/2009 Aurora Loan Services, LLC Littleton CO Purchase Financial Instrument for Home Loan Modifications

Wescom Central Credit Union Anaheim CA Purchase Financial Instrument for Home Loan Modifications

PR Purchase Financial Instrument for Home Loan Modifications $ 57,000,000 N

$ 540,000 

6/17/20096/19/2009

$ 798,000,000 

6/12/20096/17/2009

6/26/2009 Citizens First Wholesale Mortgage Company The Villages FL Purchase Financial Instrument for Home Loan Modifications $ 30,000 
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

6/26/2009 Technology Credit Union San Jose CA Purchase Financial Instrument for Home Loan Modifications 70,000 $ 

IBM Southeast Employees' Federal Credit Union

MorEquity, Inc. Evansville IN Purchase Financial Instrument for Home Loan Modifications $ 23,480,000 

Delray Beach FL Purchase Financial Instrument for Home Loan Modifications $ 870,000 

Bayview Loan Servicing, LLC

Lake National Bank Mentor OH Purchase Financial Instrument for Home Loan Modifications $ 100,000 

Coral Gables FL Purchase Financial Instrument for Home Loan Modifications $ 44,260,000 

National City Bank

Wachovia Mortgage, FSB Des Moines IA Purchase Financial Instrument for Home Loan Modifications $ 634,010,000 

Miamisburg OH Purchase Financial Instrument for Home Loan Modifications $ 294,980,000 

7/10/20097/10/20097/17/20096/26/2009

7/1/20097/1/2009

First Bank St. Louis MO Purchase Financial Instrument for Home Loan Modifications $ 6,460,000 

Mortgage Center, LLC

Mission Federal Credit Union San Diego CA Purchase Financial Instrument for Home Loan Modifications $ 860,000 

Southfield MI Purchase Financial Instrument for Home Loan Modifications $ 4,210,000 

ShoreBank

American Home Mortgage Servicing, Inc Coppell TX Purchase Financial Instrument for Home Loan Modifications $ 1,272,490,000 

Chicago IL Purchase Financial Instrument for Home Loan Modifications $ 1,410,000 

PNC Bank, National Association

Farmers State Bank West Salem OH Purchase Financial Instrument for Home Loan Modifications $ 170,000 

Pittsburgh PA Purchase Financial Instrument for Home Loan Modifications $ 54,470,000 

7/22/20097/22/20097/22/20097/17/20097/17/20097/17/20097/29/2009

Wachovia Bank, N.A. Charlotte NC Purchase Financial Instrument for Home Loan Modifications $ 85,020,000 

7/29/2009 Purdue Employees Federal Credit Union West Lafayette IN Purchase Financial Instrument for Home Loan Modifications $ 1,090,000 7/29/2009
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

Litton Loan Servicing LP Houston TX Purchase Financial Instrument for Home Loan Modifications $ 774,900,000 

Oakland Municipal Credit Union

HomEq Servicing North Highlands CA Purchase Financial Instrument for Home Loan Modifications $ 674,000,000 

Oakland CA Purchase Financial Instrument for Home Loan Modifications $ 140,000 

EMC Mortgage CorporationLake City Bank Warsaw IN Purchase Financial Instrument for Home Loan Modifications $ 420,000 

Lewisville TX Purchase Financial Instrument for Home Loan Modifications $ 707,380,000 

J.P.Morgan Chase Bank, NA Lewisville TX Purchase Financial Instrument for Home Loan Modifications $ 2,699,720,000 

8/12/20097/31/20097/31/2009

8/5/20098/5/20098/5/2009

Central Florida Educators Federal Credit Union Lake Mary FL Purchase Financial Instrument for Home Loan Modifications $ 1,250,000 Horicon Bank

Vantium Capital, Inc. Plano TX Purchase Financial Instrument for Home Loan Modifications $ 6,000,000 

Horicon WI Purchase Financial Instrument for Home Loan Modifications $ 560,000 

Stanford Federal Credit UnionRoundPoint Mortgage Servicing Corporation Charlotte NC Purchase Financial Instrument for Home Loan Modifications $ 570,000 

Palo Alto CA Purchase Financial Instrument for Home Loan Modifications $ 300,000 

Servis One, Inc.

OneWest Bank Pasadena CA Purchase Financial Instrument for Home Loan Modifications $ 668,440,000 

Titusville PA Purchase Financial Instrument for Home Loan Modifications $ 29,730,000 

PennyMac Loan Services, LLC Calasbasa CA Purchase Financial Instrument for Home Loan Modifications $ 6,210,000 

9/9/2009

8/12/20098/12/20098/28/20098/28/20098/28/2009

9/2/20099/2/2009

CUC Mortgage Corporation Albany NY

U.S. Bank National Association Owensboro KY Purchase Financial Instrument for Home Loan Modifications $ 114,220,000 

9/9/2009 Purchase Financial Instrument for Home Loan Modifications $ 4,350,000 9/9/2009
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

9/11/2009

Allstate Mortgage Loans & Investments, Inc.

9/11/2009 Metropolitan National Bank Little Rock9/11/2009 Ocala FL Purchase Financial Instrument for Home Loan Modifications

AR Purchase Financial Instrument for Home Loan Modifications $ 280,000 

9/16/2009

ORNL Federal Credit Union Oak Ridge TN Purchase Financial Instrument for Home Loan Modifications $ 2,070,000 

$ 250,000 

Bay Federal Credit Union Capitola CA Purchase Financial Instrument for Home Loan Modifications $ 410,000

9/11/2009 Franklin Credit Management Corporation Jersey City NJ Purchase Financial Instrument for Home Loan Modifications $ 27,510,000 

9/23/2009 AMS Servicing, LLC Buffalo NY Purchase Financial Instrument for Home Loan Modifications $ 4,390,000 

10/14/2009 Great Lakes Credit Union North Chicago IL Purchase Financial Instrument for Home Loan Modifications 570,000 $ 

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 H l ill N ti l B k & T t C H l ill PA P h Fi i l I t t f H L M difi ti $ 1 070 000 

9/23/2009 Schools Financial Credit Union Sacramento CA Purchase Financial Instrument for Home Loan Modifications $ 390,000

9/23/2009

9/23/2009 Glass City Federal Credit Union Maumee

Central Jersey Federal Credit Union Woodbridge NJ Purchase Financial Instrument for Home Loan Modifications $ 30,000 

OH Purchase Financial Instrument for Home Loan Modifications $ 230,000 

9/23/2009

9/25/2009 SEFCU Albany NY Purchase Financial Instrument for Home Loan Modifications $ 440,000 

Yadkin Valley Bank Elkin NC Purchase Financial Instrument for Home Loan Modifications $ 240,000 

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 $ 
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

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 $ 

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 $ 

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 $ 
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

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 $ 

Total Initial Cap $ 23,664,950,000 

TOTAL CAP 

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 se

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 

2/ 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. 

"HAFA" means the Home Affordable foreclosure Alternatives program.As used in this table:"HPDP" means the Home Price Decline Protection program."2MP" means the Second Lien Modification Program.
U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending January 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 January 31, 2010

Type of Expense Amount

Compensation for financial agents 

and legal firms $177,870,226
U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

Description of Vehicles Established [Section 105(a)(3)(H)]

For Period Ending January 31, 2010

Date Vehicle Description

None