Name of institution: Bank of America Submission date: January 31, 2010 Person to be contacted about this r

PART I. QUANTITATIVE OVERVIEW

SCHEDULE A: CONSUMER LENDING (Millions $) OCT NOV DEC Key 1. First Mortgagea. Average Loan Balance (Daily Average Total Outstanding) $264,626 $268,849 $268,799 Average balance represent loans held on the balance sheet, whether originated by BAC or

purchased from others, but does not include discontinued products (pay option and sub

prime) or foreign residential loans. Loans held for sale are included.

b. Total Originations $29,008 $27,713 $29,937 Originations include both loans originated for the balance sheet as well as loans originated

for sale.

(1) Refinancings $16,123 $16,165 $18,172(2) New Home Purchases $12,885 $11,547 $11,765

2. Home Equity

a. Average Total Loan Balance $151,682 $150,759 $149,803 Average balances represent HELOC, HELOAN and Reverse Mortgage, but do not include

discontinued real estate (sub prime) or foreign residential loans. Loans held for sale are

included.

b. Originations (New Lines+Line Increases) $1,064 $919 $803 Originations represent HELOC, HELOAN and Reverse Mortgage, but do not include

discontinued real estate (sub prime) or foreign residential loans.

c. Total Used and Unused Commitments $246,299 $244,273 $240,521 Total commitments include Reverse Mortgage and loans held for sale.

TREASURY MONTHLY INTERMEDIATION SNAPSHOT

The decline in Residential Mortgage Ave

conversions to securities, and lower bal

Originations in total have increased by 3

and Purchases up 85%. December fund

9.4% from Q3.

Loans held for sale are included in the a

2009

The Home Equity Average Balance has d

the end of Q2.

For originations in December 2009, Rev

Mortgage, originations were down 27% 

driven by economic conditions including 

December, commitments exclude Froze

decrease, total commitments in Decem

management actions and increased util

1

3. US Card ‐ Manageda. Average Total Loan Balance ‐ Managed $140,883 $138,425 $137,993 Average balances represent US Domestic Card and US Small Business Card.

b. New Account Originations (Initial Line Amt) $1,402 $1,340 $1,307 Originations represent US Domestic Card and US Small Business Card.

c. Total Used and Unused Commitments $606,127 $600,658 $595,210 Commitments represent US Domestic Card and US Small Business Card.

4. Other Consumer

a. Average Total Loan Balance $98,491 $98,458 $97,734 Average balances and Originations represent Dealer Financial Services (primarily auto, marine

& RV), Consumer Lending, Student Lending, Small Business Lines & Loans, Securities Based

Lending and Practice Solutions.

b. Originations $3,821 $1,447 $1,886 Average balances and Originations exclude Foreign Consumer, Banking Center loans and

other discontinued businesses.

Overall commitments continued to decr

The origination amount does not includ

has granted $18.4B in new line amounts 

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

1. C & Ia. Average Total Loan and Lease Balance $214,793 $213,013 $209,670 C&I is non‐real estate commercial loans and leases, includes domestic loans and leases and

excludes US Small Business Card, Small Business Lines & Loans and Practice Solutions. Loans

held for sale are included.

b. Renewal of Existing Accounts $13,788 $14,788 $19,535 Renewals represent credit facilities that expired/matured and were renewed during the

period; includes funded and unfunded exposure; includes all instrument types except

derivatives (loans held for investment, loans held for sale, LCs, and bankers acceptances).

c. New Commitments $4,696 $8,648 $6,569 New commitments represent new credit facilities booked during the period; includes funded

and unfunded exposure and includes all instrument types except derivatives (see 1.b above).

2. Commercial Real Estate

a. Average Total Loan and Lease Balance $71,975 $70,571 $70,141 Commercial Real Estate includes domestic loans primarily secured by non owner‐occupied

real estate which are dependent on the sale or lease of the real estate as the primary source

of repayment. Loans held for sale are included.

b. Renewal of Existing Accounts $2,947 $3,020 $4,201 Renewals represent credit facilities that expired/matured and were renewed during the

period; includes funded and unfunded exposure; includes all instrument types except

derivatives (see 1.b above).

c. New Commitments $144 $154 $390 New commitments represent new credit facilities booked during the period; includes funded

and unfunded exposure and includes all instrument types except derivatives (see 1.b above).

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

4. Small Business Loans3

a. Average Total Loan Balance $41,501 $41,341 $40,989 Small Business on lines C4a and C4b represents the businesses that serve companies with

revenues up to $20M and is already included in Schedules A4 and B1 above ; includes US

Small Business Card, Small Business Lines & Loans, Practice Solutions and Business Banking

(companies with revenues of $2.5M to $20M).

b. Originations $1,663 $1,214 $1,461 Originations include renewals as well as new loans and new lines of credit.

Overall new loan demand for commerci

and the overall condition of the real est

lack of permanent financing continues t

Beginning in September 2009, derivativDemand for bank loans in the large corp

increased in the last half of the year, bu

heavily on bank debt. Middle Market l

segment, and is not expected to improv

2

g $ , $ , $ , g

SCHEDULE D: OTHER INTERMEDIATION ACTIVITIES (Millions $)

1. MBS/ABS Net Purchased Volume

a. Mortgage Backed Securities $27,980 $9,402 $28,505 Mortgage‐backed securities net purchases include only activity related to our Asset/liability

management process, and excludes those securities related to internally originated loans

which have been securitized externally and re‐sold to BAC.

b. Asset Backed Securities $300 ‐$1 $0 Same as 1.a above.

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

a. Average Total Matched Book (Repo/Reverse Repo)1 $130,304 $137,114 $115,537 Matched Book Balances represent customer driven ReverseRepo activity. Monthly

fluctuations driven by customer demand, ability to apply FIN41 netting and balance sheet

capacity.

b. Average Total Debit Balances2 $37,368 $38,188 $40,087

3. Underwriting

a. Total Equity Underwriting $7,228 $7,419 $8,407 Underwriting represents BAC commitment on deals closed in current periods.

b. Total Debt Underwriting $24,635 $27,851 $33,196 Same as 3a.

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

MoM increase in debit balances driven 

in line with typical end of quarter activi

MoM increase in Underwriting driven b

Gross MBS purchases for October, Nove

respectively, while gross MBS sales wer

October MBS purchases were restated i

forward‐MBS purchases not captured p

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

pp y g p g g g

2
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  Bank of America

Reporting month(s):  Oct‐Nov‐Dec 2009    

Submission date:  January 31, 2010

Person to be contacted regarding this report: Neil Cotty

1

PART II.  QUALITATIVE OVERVIEW

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

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

standards and terms, and any other intermediation activity.

Bank of America is one of the world's largest financial institutions, serving individual consumers, small‐ 

and middle‐market businesses and large corporations with a full range of banking, investing, asset

management and other financial and risk management products and services.  The company provides

unmatched convenience in the United States, serving approximately 59 million consumer and small

business relationships with 6,000 retail banking offices, more than 18,000 ATMs and award‐winning

online banking with nearly 30 million active users.  Bank of America is among the world's leading wealth

management companies and is a global leader in corporate and investment banking and trading across a

broad range of asset classes, serving corporations, governments, institutions and individuals around the

world.  Bank of America offers industry‐leading support to more than 4 million small business owners

through a suite of innovative, easy‐to‐use online products and services.  The company serves clients in

more than 150 countries.   

At December 31, 2009, Bank of America had $2.2 trillion in assets, $900 billion in loans and $992 billion

in deposits.   

Economic Environment

The US economy continues to recover, but consumer spending growth is modest and businesses remain

very cautious and have delayed rehiring.  Real GDP, which grew at a 2.2% annualized quarterly pace in

2009Q3, accelerated sharply to 5.7% in the 4th Quarter, but this robust growth was driven primarily by a

reduction in inventory building, while domestic final sales remained soft, increasing less than 2%.  

Economic growth is expected to continue in the first half of 2010, with modest gains in domestic final

sales—consumption, residential investment and business investment—and strong exports.

Consumer spending is growing modestly, as employment declines and job uncertainty have weighed on

disposable income, and households have increased their rates of saving and are paying down debt.  The

recent holiday retail season was generally weak but above earlier pessimistic expectations.  Real

consumption is estimated to grow approximately 2% annualized in the first half of 2010.  

Home sales and new housing starts fell in December, reflecting bad weather and the temporary ending

of the home purchase tax credit, but they rose through most of 2009.  The housing sector is expected to

continue to improve, as lower and recently stabilizing prices support demand and absorb very high

inventories.   
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  Bank of America

Reporting month(s):  Oct‐Nov‐Dec 2009    

Submission date:  January 31, 2010

Person to be contacted regarding this report: Neil Cotty

2

Businesses have increased production in response to the modest rise in product demand, but although

the pace of job layoffs has abated, businesses have delayed rehiring, and employment continued to fall

through December.  This reflects the slow rebound in consumer spending and business uncertainty

about the sustainability of the economic recovery and the potential for higher taxes and fees related to

high government deficit spending and expanding health insurance costs.  This has resulted in a surge in

labor productivity, typical for early stages of economic recovery, and a significant rebound in corporate

profits.   

Employment gains are expected to resume beginning in January, although the unemployment rate is

expected to linger close to 10%.  Renewed increases in employment and hours worked is expected to

boost confidence in the sustainability of the recovery.  

Business investment in equipment and software has begun to recover from its sharp recession slide, but

investment in structures, including office and industrial space, continues to decline.  This sector

traditionally is a cyclical laggard, and the large oversupply of nonresidential structures and falling prices

may elongate its turnaround during this recovery.   The dramatic deterioration in state and local

government finances likely will contribute to weakness in this sector.    

Credit Markets

In First Mortgage, purchase application volumes in December were essentially unchanged compared to

November at 31% of total applications.  Daily average applications in December were $1.6 billion, a

decrease of 23% from November.  December MHA (Making Homes Affordable) application volume is

approximately 16.4% of total refinance applications, or $3.4B.   

Home Equity fundings (including Reverse Mortgage) in December were $803 million which is 13% lower

compared to November.  The fundings for Home Equity were down 2% while Reverse Mortgage volumes

decreased 18% vs. November.   

Overall new loan demand for commercial real estate is down due to the lack of new construction activity

and the overall condition of the real estate market. The CMBS market remains virtually closed and the

lack of permanent financing continues to put pressure on bank deals.  Demand for bank loans in the

large corporate space remains moderate.  Overall financing activity has increased in the last half of the

year, but many clients are accessing the bond markets instead of relying heavily on bank debt.  

Commercial clients continue to remain liquid and kept excess cash on deposit through Q4.  Middle

Market loan demand remains soft, particularly in the Business Banking segment.

   
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  Bank of America

Reporting month(s):  Oct‐Nov‐Dec 2009    

Submission date:  January 31, 2010

Person to be contacted regarding this report: Neil Cotty

3

Bank of America’s Response

In response to these changing conditions, Bank of America did the following to help stabilize the U.S.

economy:

Overall Credit

Credit extended during December 2009, including commercial renewals of $23.7 billion, was $64.6

billion compared to $58.0 billion in the prior month.  New credit, including renewals, included $29.9

billion in mortgages, $26.1 billion in commercial non‐real estate, $4.6 billion in commercial real estate,

$1.3 billion in domestic consumer and small business card, $803 million in home equity products and

$1.9 billion in other consumer credit.  

Small Business:

During the month of December, Small Business Banking (servicing clients with annual revenues with less

than $2.5 million) extended more than $1.4 billion in new credit and renewals, comprised of credit

cards, loans and lines of credit.   

Home Ownership/LMI:

In December of 2009, Bank of America funded $30 billion in first mortgages, helping more than 138,422

people either purchase a home or refinance their existing mortgage.  Approximately 39% of total

originations were for purchases.  Additionally, Bank of America originated $7.9 billion in mortgages

made to 52,331 low and moderate income borrowers which is up from $6.9B and 45,367 borrowers in

November (excludes Merrill Lynch).  Also, Bank of America completed 22,221 modifications in December

2009, up 56% compared to November.  This is mainly due to an effort to complete FNMA non‐MHA

loans that were either on hold or in the decisioning process.  Total home retention workouts were

24,115 for the same period including Merrill Lynch, compared to 16,866 in November.  Bank of America

has provided completed modifications to almost 260,000 customers for the full year of 2009.

   
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  CIT Group Inc

Reporting month(s):  December 2009   

Original Submission date:  February 1, 2010

Submitted on: March 5, 2010

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

PART II.  QUALITATIVE OVERVIEW

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

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

and terms, and any other intermediation activity.

Transportation Finance – Business Aircraft

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

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

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

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

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

mid‐2012.  

Transportation Finance – Commercial Aircraft

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

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

earnings were on plan for December and year‐to‐date results benefited from strong net finance income

resulting from high asset utilization, and controlled credit and operational expenses.   

Transportation Finance – Rail Cars

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

improved train speeds have resulted in significant excess capacity in the rail network; approximately 29% of

the North American fleet is being stored.   Carriers and shippers continue to shed costs and rationalize

fleets.  In this market environment, the goal for many companies is to sacrifice rate to keep rail cars on

lease to mitigate storage and freight charges, as well as position the fleet for industry turn around.

Leveraged Finance (relative to the Transportation Sector)

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

aircraft build rates, especially in the general aviation sector is beginning to have negative cash flow

implications for our borrowers.  Those borrowers that are tied to building aircraft are starting to feel the

pain of a slowing aviation industry.  When production picks up their fortunes will reverse, but there is a lag

between general economic activity and aviation build rates.

Deal activity appears to be increasing while pricing levels are coming down.  There was a real slowdown in

M&A activity in 2009 as compared to the previous year.  That decline is beginning to reverse and that drives

loan volume.  Therefore, the number of financing opportunities is increasing and the cost of that financing

is starting to come down as the debt market corrects itself.   
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  CIT Group Inc

Reporting month(s):  December 2009   

Original Submission date:  February 1, 2010

Submitted on: March 5, 2010

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

Corporate Finance / Loan Syndication

December continued the market resurgence as investors continue to aggressively buy loans and bonds.  

December produced another $5.5B of new institutional loan volume totaling $18.0B for quarter, the

highest quarterly total since the third quarter of 2008. The high yield market produced another $18.1MM

of new issuance in December and totaled a record of $164.6B for the year.  

The S&P loan leverage index average rose 2.94% in December, reversing November’s slight decline and

finishing the year up 51.62%. All rating classes showed similar gains in December as BB rated loans

increased 1.91%, single B rated 3.93% and CCC rated were up another 3.15%.  This across the board upward

movement displays the markets overall appetite for risk.    For the year, BB rated loans returned 35.8%,

single B rated 61.2% and CCC rated 88.6% highlighting how oversold loans were on the riskier side of the

market just a few short quarters ago.  

Overall, secondary loan pricing rose to 93.04 in December as investors are looking everywhere to deploy

cash from bond refinancings.  This is up from the December 17, 2008 low of 60.33 and another data point

indicating how quickly and far the market has rebounded.  While middle pricing finished the year roughly

200 basis points higher than broadly syndicated pricing, an all‐time high, contraction is starting to occur.  

While capital provides remain small in count, competition is starting to drive pricing down.   

December marked the end of a crazy year.    Credit markets fundamentals finished positively as defaults

have assumingly peaked, along with jobless claims and a now an upward trending GDP.    In addition,

technical indicators are strong as the high yield continues to refinance loans and put a lot of cash in the

pockets of loan asset mangers to deploy.    Furthermore, many regional banks are increasing their

commercial lending efforts and private equity raised a surplus of capital they need to invest.  2010 should

continue the positive momentum of the fourth quarter and hopefully result in substantially more loan

volume than 2009.  

Trade Finance

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

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

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

returned to much higher standards regarding loan documentation, loan covenants and collateral

perfection.   

Vendor Finance

CIT’s Vendor Finance “VF” lending levels are up month over month and are down as compared to prior

year.  VF’s ability to lend is being directly impacted by CIT’s cost of capital driven by the continued

dislocation in the financial markets. Overall economic conditions are also contributing to reduced sales by

our vendor partners, thereby reducing our volume of business.  
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  CIT Group Inc

Reporting month(s):  December 2009   

Original Submission date:  February 1, 2010

Submitted on: March 5, 2010

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

Consolidation of funding sources within the global vendor markets has increased the overall loan demand

for VF type products.  December volume increased versus November, but it is still significantly lower than

historical levels.  

There was limited global syndication activity in the month of December as a result of the limited liquidity in

the markets and CIT’s uncertainty.  Traditional syndication investors (one off deals and portfolio

acquisitions) are being careful on their investments and have moved to a “flight to quality”; investors are

looking for:

• Investment grade deals  

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

• Opportunistic pricing

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

following:

• Canada ‐ like the US, the Canadian economy has begun to emerge from the Global Recession.

However, there is concern surrounding the impact of easing stimulus and recent reports from TD

Bank warn of sluggish growth over the next decade. The International Monetary Fund predicts the

economy to expand by 2.1% versus its expected contraction of 2.5% in 2009. Recent economic

boost was experienced from stronger exports to the US and Europe as these economies emerge

from recession. Export growth could be slowed by the current strength of the Canadian dollar.

• Latin American ‐ the Latin American economy appears to have come out of the recession as GDP

growth is expected to be at 4.1% in 2010 after shrinking 1.8% this year, according to forecasts by

the UN Economic Commission. Recovery is expected in all countries within the region led by Brazil

with a GDP growth forecast of 5.5% in 2010. Brazil's growth can be attributed to demand for

commodities including oil and a growing middle class increasing consumer spending. Even Mexico,

which was hardest hit by the recession, is expected to have GDP growth of 3.5% in 2010 after

contracting 6.7% this year. Latin America's recovery will be more robust than previous slumps

mainly because of swift government intervention through rate reductions and stimulus spending.

Regional growth is not expected to improve unemployment substantially, which is currently at 8%.

• Europe UK ‐ the UK has remained in recession with GDP reducing by 0.4% in Q3. The 2010 outlook

for the UK remains poor with full year growth of only 0.3% expected. A general election will take

place in the next 6 months and any new government will need to address the huge deficit with

material cuts in Government spending a near certainty.  

• Europe Continental Europe – the overall trend is that Europe is moving out of recession with

Germany & France delivering 2 quarters of positive growth, however the recovery is weaker than

hoped and the concern remains that there may be a decline in Q4 / Q1 with a spike in insolvencies.

Positive Euro Zone growth of 0.5% is being forecast for 2010 however GDP is anticipated to remain

at 2007/08 levels.

• US ‐ US economic conditions have improved with positive GDP growth of 2.5% in Q3. However,

GDP growth was positively impacted by Government stimulus action including the very successful

"Cash for Clunkers" program. Continued economic recovery is forecasted but growth is expected to
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  CIT Group Inc

Reporting month(s):  December 2009   

Original Submission date:  February 1, 2010

Submitted on: March 5, 2010

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

be sluggish at best, with minimal employment recovery until late 2010. Consumer spending, a

primary driver of growth, is anticipated to remain weak for the foreseeable future particularly in

light of unemployment reaching over 10%. As stimulus action is reduced or eliminated, the impact

to the economic health remains an unknown and a risk to recovery. Economic conditions in the US

have been improving and continued slow growth in the near term is expected. We have now seen

6 consecutive months of increase in the Composite Leading Economic Indicators Index. However,

growth is expected to be tempered by high unemployment rates through 2010.

Small Business Lending

CIT Small Business Lending (SBL) continued to provide financing to small businesses, albeit, at levels much

reduced from the prior year. The reduction is mainly attributable to the concerns about the viability of CIT

and the reluctance of small businesses to incur additional debt in an economic downturn.

Recent Federal Reserve survey data indicates fewer banks tightening their credit standards and more banks

experiencing higher loan demand. These factors are intertwined since small businesses are discouraged

from seeking financing if they believe they will be unable to meet increasingly strict credit standards.

Consequently, stabilization in credit requirements should improve currently anemic loan demand. Loan

demand should also get a boost from refinancing of maturing term loans and lines of credit.

A sluggish economic recovery has yet to impact most small businesses, many of which have suffered

declines in revenues that will take many months to recoup. Lower revenues have resulted in accompanying

reduced earnings. More than half of small businesses responding to a recent National Federation of

Independent Business (NFIB) survey reported falling profits. To survive, many small businesses are reducing

their staff and cutting wages. Although lower than the previous month, ADP’s December employment

report shows continued small business job losses.   

Liquidity, as measured by SBA secondary activity is strong with very favorable pricing for sellers. The market

for non‐guaranteed small business loans remains extremely limited.  

Job losses continued to decline in December but they were well above expectations. Unemployment is the

most critical determinant of success for most small businesses. Stubbornly high unemployment will likely

contribute to lower retail sales further delaying the small business recovery.

Consumer Lending

The Student lending market has continued to show a positive trend in spreads with deals being executed at

70‐75 over Libor in the non‐ term asset‐backed loan facility “TALF” market.  

While consumers tend to be slow payers during the holiday period, this year we experienced strong

collection effectiveness to finish out the year. Our student loans portfolios performed well in Q4 especially

when compared to the previous quarter. Both charge offs and delinquencies have improved over Q3 and

full year numbers beat our expectations.

  
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  CIT Group Inc

Reporting month(s):  December 2009   

Original Submission date:  February 1, 2010

Submitted on: March 5, 2010

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

The Consumer unsecured portfolio continues to liquidate quickly. The charge‐off number continues to show

a positive trend while in prior years the portfolio consistently experienced deterioration in the 4th quarter.

Both charge‐offs and delinquencies showed positive trends in Q4
Name of institution: Citigroup Submission date: February 1, 2010 Person to be c

PART I. QUANTITATIVE OVERVIEW

SCHEDULE A: CONSUMER LENDING (Millions $) OCT NOV DEC Key 1. First Mortgagea. Average Loan Balance (Daily Average Total Outstanding) $136,759 $135,715 $135,434 Consists of residential whole loans. Excludes assets classified as trading assets that are not part of

the core mortgage portfolio.

b. Total Originations $3,297 $3,338 $3,908 Originations includes new loans whether for refinancing of an existing home or the purchase of a

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

terms and not additional extensions of credit.

(1) Refinancings $1,821 $1,861 $2,213 If on a refinancing, amounts were added to the existing loan balance, the total amount of the new

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

originated for sale.

(2) New Home Purchases $446 $410 $476

2. Home Equity

a. Average Total Loan Balance $61,890 $61,225 $60,542 Includes HELOC and 2nd mortgages.

b. Originations (New Lines+Line Increases) $93 $90 $106 If a line is increased, only the amount of the increase is included in originations. If we originated a

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

included the total new line in originations.

Citi originated $

origination volu

rates, special pr

for the period w

contracted from 

2009

Home equity loa

than in prior yea

primarily due to 

The increase in o

TREASURY MONTHLY INTERMEDIATION SNAPSHOT

1

c. Total Used and Unused Commitments $80,119 $78,054 $77,250

3. US Card ‐ Managed

a. Average Total Loan Balance ‐ Managed $140,105 $139,431 $140,261 Balances do not include commercial card activity.

b. New Account Originations (Initial Line Amt) $5,672 $6,874 $8,482

c. Total Used and Unused Commitments $816,464 $803,603 $781,140

4. Other Consumer

a. Average Total Loan Balance $57,798 $57,252 $56,477 Includes auto, student and personal loans. Student loans includes related deferred fees and lines

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

b. Originations $822 $888 $978

Auto Loans: Orig

incentives. Endi

distribution netw

Personal Installm

marketing prog

Purchase sales w

receivables were 

seasonal sales a

part to a portfol

Card members c

these programs 

in December.

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

1. C & Ia. Average Total Loan and Lease Balance $27,002 $25,677 $24,126 Renewals and new commitments are on a facility basis. Facilities may include L/Cs. Renewals

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

b. Renewal of Existing Accounts $880 $1,404 $1,583

c. New Commitments $1,171 $1,924 $7022. Commercial Real Estate

a. Average Total Loan and Lease Balance $24,531 $23,601 $22,784 Renewals and new commitments are on a facility basis. Facilities may include L/Cs. Renewals

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

b. Renewal of Existing Accounts $407 $139 $282

c. New Commitments $158 $37 $294SCHEDULE C: MEMORANDA ‐ SMALL BUSINESS LENDING (Millions $)

4. Small Business Loans3

a. Average Total Loan Balance $9,846 $10,413 $10,201

Average comme

many REITs goin

debt.Average balance

Average balance

number of renew

commitments w

2

b. Originations $131 $128 $107SCHEDULE D: OTHER INTERMEDIATION ACTIVITIES (Millions $)

1. MBS/ABS Net Purchased Volume

a. Mortgage Backed Securities ‐$897 ‐$2,312 $4,188 Does not include maturities and pay downs. Net Purchased Volume is reported using cost basis.

b. Asset Backed Securities $563 $1,108 $1182. Secured Lending (Repo, PB, Margin Lending)

a. Average Total Matched Book (Repo/Reverse Repo)1 $144,434 $151,238 $152,030 Average Total Matched Book (Repo/Reverse Repo) is before FIN 41 netting. Includes security

lending activity.

b. Average Total Debit Balances2 $15,702 $15,039 $14,782

3. Underwriting

a. Total Equity Underwriting $55 $42 $3,407 Equity Underwriting represents Citi's portion of underwritten issue.

b. Total Debt Underwriting $16,615 $16,768 $10,370 Debt underwriting represents Citi's portion of underwritten issue and extensions of credit to

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

Industry stats inclu

1. 40 High Yield de

2. 147 Investment 

3. 73 Equity and Lin

The increase in M

bonds. Net ABS 

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

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

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

2
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:    Citigroup

Reporting month(s):    December 2009  

Submission date:    February 1, 2010

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

1

PART II.  QUALITATIVE OVERVIEW

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

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

standards and terms, and any other intermediation activity.

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

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

Citi Cards.   

All data cited below reflect comparisons to November 2009, unless otherwise noted.

Consumer Lending:  Citi originated $13.5 billion in loans to U.S. consumers and small businesses in

December, up 20 percent from November.  Although unemployment remained unchanged from

November at 10.0 percent, higher loan volumes reflected further indications of improvement in the

overall U.S. economy.

First mortgage loan originations rose 17 percent from November to $3.9 billion, the first significant

monthly increase since June.  These higher loan volumes were driven by a reduction in fixed rates,

pricing changes and an increase in marketing activity.  Average mortgage loan balances were $135.4

billion, or approximately flat with November levels.

Average home equity loan balances in December were $60.5 billion, declining 1 percent from

November.  Used and unused commitments also declined moderately to $77.3 billion, or 1 percent on a

month‐to‐month basis.   

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

focused on helping homeowners facing financial difficulty to modify their loans.  Through initiatives like

the Citi Homeownership Assistance Program, the CitiFinancial Home Affordable Mortgage Program and

the Home Affordable Mortgage Program, Citi modified approximately 13,000 first mortgage and home

equity loans with a total value of approximately $2.3 billion in December.

In December, Citi issued new credit card lines totaling $8.5 billion, an increase of 23 percent from

November.  Seasonal consumer spending contributed to a 17 percent increase in purchase sales on a

month‐to‐month basis, while declining 7 percent compared with December 2008.

Card members continue to participate in Citi’s expanded eligibility forbearance programs.  More than

154,000 card members enrolled in these programs in December, compared with 158,000 in November.  

Total balances covered by Citi’s forbearance programs increased by 2 percent on a month‐to‐month

basis and 63 percent from the prior year period.   
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:    Citigroup

Reporting month(s):    December 2009  

Submission date:    February 1, 2010

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

2

Total originations in other consumer lending categories increased for the second consecutive month to

$978.4 million, or 10 percent higher than November.  Average total loan balances for these categories

totaled $56.5 billion, declining 1 percent on a month‐to‐month basis.  Auto loan origination continued to

be impacted by lower seasonal demand and fewer dealer incentive programs in December, resulting in a

1 percent month‐to‐month decline.  Personal installment originations declined 30 percent from

November volumes, which benefitted from higher levels of marketing associated with annual customer

appreciation programs.  

Commercial Lending:  Commercial lending activity declined in December, as Citi originated $16.6 billion

in corporate loans, down 18 percent from November.

New Commercial & Industrial (C&I) loan commitments totaled $702.3 million, declining 64 percent from

November as a result of lower M&A activity during December.  Renewals of existing accounts rose 13

percent to $1.6 billion, driven by higher renewal volumes and an increase in average loan balances.  

Average C&I loan balances were $24.1 billion, or 6 percent lower than November levels.

New Commercial Real Estate (CRE) loan commitments in December increased eight‐fold to $294.4

million.  Loan renewals more than doubled to $282.3 million, reflecting an increase in capital‐raising

activities by real estate investment trusts.   Average total CRE loan and lease balances totaled $22.8

billion, 3 percent lower than in November.

Other Intermediation Activities:  Citi recorded net purchases of $4.3 billion in mortgage‐ and asset‐

backed securities (MBS/ABS) in December.  MBS activity reflected an increase in customer demand for

agency and non‐agency bonds, more than offsetting a month‐to‐month decline in ABS activity.

Citi’s total debt underwriting was $10.4 billion in December, a decline of 38 percent from the prior

month, reflecting lower deal volume.  High yield underwriting activity included 40 deals totaling $16.8

billion, compared with 42 transactions with a cumulative value of $16.6 billion in November.  Citi lead

managed 6 deals with an aggregate value of $1.1 billion.  In December, Citi also participated in 147

investment grade transactions with an aggregate value of $40.2 billion, compared with 167 deals

totaling $72.0 billion in November.  Citi lead managed 18 of these transactions with a total value of $3.2

billion.  Citi participated in 73 equity and linked deals with an aggregate value of $63.6 billion in

December, compared with 65 deals totaling $15.1 billion in November.  Citi lead managed 11 of these

deals with a total value of $21.7 billion.  Total equity underwriting was positively impacted by an

increase in deal volume and average principal per deal.
Name of institution: COMERICA INCORPORATED Submission date: 01/29/2010 Person to be c

PART I. QUANTITATIVE OVERVIEW

SCHEDULE A: CONSUMER LENDING (Millions $) OCT NOV DEC Key 1. First Mortgagea. Average Loan Balance (Daily Average Total Outstanding) $1,675 $1,664 $1,652 Consists of 1st lien 1‐4 family residential mortgage and construction loans originated by Comerica

Bank.

b. Total Originations $30 $34 $36 Consists of loans funded during the period, including those originated for sale.

(1) Refinancings $17 $16 $21(2) New Home Purchases $13 $18 $15

2. Home Equity

a. Average Total Loan Balance $1,803 $1,799 $1,804 Consists of both fixed and revolving home equity (2nd lien) loans.

b. Originations (New Lines+Line Increases) $18 $9 $10 Excludes commitments/originations where home equity collateral is provided for multiple

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

(Schedule B).

TREASURY MONTHLY INTERMEDIATION SNAPSHOT

First mortgage o

'09/$14M Novem

2009

December origin

1

c. Total Used and Unused Commitments $3,225 $3,229 $3,220

3. US Card ‐ Managed

a. Average Total Loan Balance ‐ Managed $56 $58 $56 Consists primarily of commercial bankcard loans.

b. New Account Originations (Initial Line Amt) $23 $18 $23 Includes new card loans funded during the period and new referrals to our consumer card partner.

c. Total Used and Unused Commitments $389 $389 $385

4. Other Consumer

a. Average Total Loan Balance $670 $655 $650 Consists of consumer installment loans (both secured and unsecured) and student loans.

b. Originations $37 $26 $41

December other 

($21M), partially 

New account or

November '09/$

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

1. C & Ia. Average Total Loan and Lease Balance $24,654 $24,458 $24,316 Consists of loans for commercial and industrial purposes to both domestic and international

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

b. Renewal of Existing Accounts $2,032 $2,935 $2,251 Includes renewals of and increases to lines with existing customers.

c. New Commitments $333 $461 $416 Consists of binding commitments to new customers and new lines to existing customers, net of

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

for multiple purposes (personal and business).

2. Commercial Real Estate

a. Average Total Loan and Lease Balance $14,187 $14,111 $13,988 Consists of loans made to businesses where 50% or more of the collateral is real estate (primarily

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

b. Renewal of Existing Accounts $225 $326 $350 Includes renewals of and increases to lines with existing customers.

c. New Commitments $21 $80 $31 Consists of binding commitments to new customers and new lines to existing customers, net of

participations sold.

4. Small Business Loans3

a. Average Total Loan Balance $3,782 $3,752 $3,723 Includes Small Business Administration loans and loans to other entities generally with annual

sales of less than $10 million at initial relationship.

December comm

in the Midwest a

market).December new C

Midwest, Nation

December origin

markets, respec

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

December renewals 

$118M, $56M and $2

in National Dealer Se

Banking, Middle Mar

$1,150M in the Natio

December new comm

National/Other mark

line of business, ther

by increases of $28M

2

b. Originations $189 $151 $173 Consists of renewals and new commitments to both existing and new customers.

SCHEDULE D: OTHER INTERMEDIATION ACTIVITIES (Millions $)

1. MBS/ABS Net Purchased Volume

a. Mortgage Backed Securities $0 $600 $1,249 Represents net purchases (gross purchases, net of gross sales) of mortgage‐backed securities (AAA‐

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

principal paydowns.

b. Asset Backed Securities  ‐$10 ‐$9 $0 Represents net purchases (gross purchases, net of gross sales) of asset‐backed auction‐rate

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

December 2008.

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

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

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

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

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

b. Total Debt Underwriting $9,508 $9,467 $18,919 Amount of debt securities underwritten where the Corporation had either a manager or co‐

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

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

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

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

2
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  COMERICA INCORPORATED

Reporting month(s):  December 2009   

Submission date:  January 29, 2010

Person to be contacted regarding this report:  Darlene Persons

1

PART II.  QUALITATIVE OVERVIEW

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

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

standards and terms, and any other intermediation activity.

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

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

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

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

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

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

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

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

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

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

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

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

provided.

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

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

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

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

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

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

Comerica Incorporated has historically focused on appropriate and consistent underwriting standards

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

during the Snapshot reporting periods of October 2008 through December 2009.

Consumer Lending  

Consumer lending activity in December compared to November 2009 varied across the lending

categories.  Originations increased in the Home Equity and Other Consumer categories.  In the First

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

Application volumes decreased in the Home Equity and Other Consumer categories in December

compared to November 2009.   Application volumes increased in the First Mortgage category during this

period.

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

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

Name of institution:  COMERICA INCORPORATED

Reporting month(s):  December 2009   

Submission date:  January 29, 2010

Person to be contacted regarding this report:  Darlene Persons

2

Divisions.  Renewals and new commitments of $147 million were booked in the Mortgage Banker and

Financial Services Divisions in November 2009.

Commercial Lending

C&I lending renewals decreased in December from November 2009.  December activity was a return to

normal as November included an unusually large renewal in the National Dealer Services division in the

Texas market.  The decrease in the National Dealer Services division from this November renewal was

offset with smaller increases in the Global Corporate Banking, Private Banking and Middle Market

divisions.  By market, the decrease in the Texas market was partially offset by increases in the Midwest,

Western and National/Other and Florida markets.  C&I new commitments decreased in December from

November 2009, primarily in the Western and National/Other markets, partially offset by increases in

the Midwest and Texas markets.  

Commercial real estate renewals increased in December from November 2009.  The increase in

renewals was concentrated primarily in the Commercial Real Estate, Small Business and Private Banking

lending divisions.  The increase was largely offset by a decrease in the Specialty Businesses lending

division (Mortgage Banker).  Commercial real estate new commitments decreased in December from

November 2009 with the decrease concentrated in the Mortgage Banker, Private Banking and

Commercial Real Estate lending divisions.

  

Small Business Lending

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

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

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

renewals as well as First Mortgage refinancings increased in December from November 2009.  By

market, the C&I renewal increase was concentrated in the Texas market while the CRE renewal increase

was spread across all markets.  Small Business C&I new commitments decreased primarily in the

Midwest market.  CRE new commitments were flat in December compared to November 2009.

  

Other Intermediation Activities

  

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

during December 2009 totaled $18.9 billion, providing access to liquidity for municipalities and

corporate customers.
Name of institution: Fifth Third Bancorp Submission date: January 29, 2010 Person to be c

PART I. QUANTITATIVE OVERVIEW

SCHEDULE A: CONSUMER LENDING (Millions $) OCT NOV DEC Key 1. First Mortgagea. Average Loan Balance (Daily Average Total Outstanding) $11,072 $11,287 $11,022 Average balance consists of 1‐4 family residential mortgage loans consistent with the classification

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

b. Total Originations $1,668 $1,648 $1,831(1) Refinancings $1,117 $1,105 $1,386(2) New Home Purchases $551 $543 $446

2. Home Equity

a. Average Total Loan Balance $11,761 $11,697 $11,649 Average balance consists of HELOC and HELOAN accounts consistent with the classification of the

FR Y9C report.

b. Originations (New Lines+Line Increases) $94 $75 $102

TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Total origination

refinancing activ

2009

Fifth Third exten

1

c. Total Used and Unused Commitments $19,828 $19,727 $19,582

3. US Card ‐ Managed

a. Average Total Loan Balance ‐ Managed $2,258 $2,254 $2,258 Average balance consists of US cards for consumer obligors only, consistent with the classification

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

b. New Account Originations (Initial Line Amt) $125 $103 $121

c. Total Used and Unused Commitments $11,260 $11,012 $10,923

4. Other Consumer

a. Average Total Loan Balance $9,474 $9,446 $9,453 Average balance consists of auto and other consumer loans and leases consistent with the

classification of the FR Y9C report.

b. Originations $304 $307 $352

Other consumer 

increase of appr

December new c

November.

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

1. C & Ia. Average Total Loan and Lease Balance $27,480 $27,360 $27,213 Average balance consists of non‐real estate commercial loans and leases consistent with the

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

b. Renewal of Existing Accounts $1,750 $1,548 $2,407 Includes renewed funded loans and renewed commitments.

c. New Commitments $830 $1,078 $1,919 Includes new commitments both funded and unfunded

2. Commercial Real Estate

a. Average Total Loan and Lease Balance $18,084 $17,949 $17,719 Average balance consists of real estate secured commercial loans consistent with the classification

of the FR Y9C report.

b. Renewal of Existing Accounts $443 $471 $1,226 Includes renewed funded loans and renewed commitments.

c. New Commitments $153 $132 $196 Includes new commitments both funded and unfunded

4. Small Business Loans3

a. Average Total Loan Balance $5,354 $5,312 $5,238 Small business loans are those classified as small business under standards established by Fifth

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

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

New CRE comm

million in Novem

$1.2 billion vers

Small Business c

in November 20

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

New C&I commi

November 2009

November 2009 

2

b. Originations $247 $275 $408SCHEDULE D: OTHER INTERMEDIATION ACTIVITIES (Millions $)

1. MBS/ABS Net Purchased Volume

a. Mortgage Backed Securities $492 $1,476 $632 Consists of MBS purchases less sales for the month.

b. Asset Backed Securities $41 ‐$8 ‐$69 Consists of ABS purchases less sales for the month.

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

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

b. Average Total Debit Balances2 NA NA NA3. Underwriting

a. Total Equity Underwriting NA NA NA

b. Total Debt Underwriting $598 $663 $251

December inves

of additional ba

million.

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

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

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

2
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution: Fifth Third Bancorp  

Reporting month(s):  December 2009   

Submission date:  January 29, 2010

Person to be contacted regarding this report: Blane Scarberry

1

PART II.  QUALITATIVE OVERVIEW

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

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

standards and terms, and any other intermediation activity.

Commercial sections

CRE:  Average CRE balances decreased by approximately 1.3% in December 2009 compared to

November 2009.  New CRE commitments originated in December 2009 were $196 million, which was up

almost 50% from $132 million in November 2009.  Renewal levels for existing accounts increased

significantly in December 2009 to $1.2 billion versus November 2009 at $471 million due to normal year

end seasonal trends.  Even though combined originations and renewals were higher in December than

November, payments and dispositions of troubled CRE outpaced the higher levels of activity causing the

overall balances to continue to decline.  As commercial vacancy rates continue to rise, Fifth Third

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

properties and on new homebuilder and developer projects in order to manage existing portfolio

positions. We feel this is prudent given that we do not believe added exposure in those sectors is

warranted given our expectations for continued elevated loss trends in the performance of those

portfolios.

C&I:  Average C&I balances decreased by approximately 0.5% in December 2009 compared to November

2009 as new loans were more than offset by borrowers continuing to deleverage their balance sheets.  

New C&I commitments originated in December 2009 increased to $1.9 billion compared to $1.1 billion

in November 2009.  Renewal levels for existing accounts in December 2009 of $2.4 billion were up from

November 2009 at $1.5 billion.  Lending in the Commercial segment continues to qualified borrowers

exhibiting average risk or better.  Continued emphasis is placed on prudent underwriting and

demonstrated ability to repay as we are seeing certain borrowers’ sales and profit margins narrow and

the number of business bankruptcies increase.  Overall loan demand has remained soft as we are seeing

caution in the view of the timing of a recovery in the economy from our C&I borrowers, which varies by

geography.   While corporate profits are up, business investment growth continues to be negative.  In

general, customers continue to deleverage and increase liquidity through asset sales and reduced

inventories versus expanding operations and purchasing equipment.   

The primary market for syndicated credit and large corporate deals remains soft in December 2009.  

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

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

continued to remain slow in December.  Terms and covenants continue to be somewhat tighter than
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution: Fifth Third Bancorp  

Reporting month(s):  December 2009   

Submission date:  January 29, 2010

Person to be contacted regarding this report: Blane Scarberry

2

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

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

spreads continue to fall.

Small Business:  Average Small Business balances decreased by approximately 1.4% in December 2009

compared to November 2009.  Small Business commitments originated in December 2009 were $408

million, which was up from $275 million in November 2009.  Demand for Small Business credit has been

in a relatively stable range in 2009.  Business Banking loan originations continue to be made using

prudent underwriting standards.     

Overall, average total commercial loan and lease balances were down 0.8% in December 2009

compared to November 2009.  We continue to actively work out problem loans and receive principal

payments from borrowers, which more than offset new loan volume in the month of December.  

Consumer section

Consumer:  December 2009 overall loan demand for non‐mortgage consumer credit (home equity,

credit card and auto) was up compared to November 2009 given increase in all non‐mortgage consumer

credit demand.

December 2009 was another high volume month for mortgage lending, driven by attractive interest

rates.  Total originations for the month increased $183 million which totaled $1.8 billion driven by $1.4

billion of refinancing activity and nearly $450 million of new home purchases.  We also extended $102

million of new home equity lines of credit during the month.

December new credit card extensions were $121 million, an increase over our $103 million of extensions

in November.  Other consumer loan originations, which include new car loans, were $352 million in

December.  This was an increase of approximately $45 million from November.   

During the month of December, Fifth Third continued to make prudent adjustments to consumer

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

in the market.  Fifth Third enhanced credit requirements for non real estate lending due to projected

further stress within the U.S. economy.  In December of 2009, Fifth Third’s portfolio of consumer loans

and leases was flat relative to November 2009.   

Treasury Section

December investment portfolio activity included the re‐investment of portfolio cash flows and the

allocation of additional balance sheet liquidity into agency MBS. For the month net Agency MBS

purchase totaled $632 million.  
Submission date: January 29, 2010 Person to be contacted 

PART I. QUANTITATIVE OVERVIEW

SCHEDULE A: CONSUMER LENDING (Millions $) OCT NOV DEC Key 1. First Mortgagea. Average Loan Balance (Daily Average Total Outstanding) $199 $198 $198

b. Total Originations $0 $0 $0(1) Refinancings $0 $0 $0(2) New Home Purchases $0 $0 $0

2. Home Equity

a. Average Total Loan Balance $10 $10 $9b. Originations (New Lines+Line Increases) $0 $0 $0c Total Used and Unused Commitments $16 $16 $16Name of institution: The Hartford Financial Services Group, Inc.

The Hartford's activities in 

which it acquired on June 2

2009

The Hartford's activities in 

which it acquired on June 2

TREASURY MONTHLY INTERMEDIATION SNAPSHOT

1

c. Total Used and Unused Commitments $16 $16 $163. US Card ‐ Manageda. Average Total Loan Balance ‐ Managed N/A N/A N/A

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

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

4. Other Consumer

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

The Hartford's activities in 

which it acquired on June 2

Neither The Hartford nor Fe

Lending ‐ US Card‐Managed 

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

1. C & Ia. Average Total Loan and Lease Balance $10 $10 $9 Reflects a daily average.

b. Renewal of Existing Accounts $1 $0 $0

c. New Commitments $0 $0 $02. Commercial Real Estate

a. Average Total Loan and Lease Balance $6,087 $6,024 $5,853 Average loan balance for loans issued by Federal Trust Bank is calculated as the mean of daily

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

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

period carrying amounts.

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

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

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

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

The Hartford's activities in 

acquired on June 24, 2009. 

corporations by investing in 

of corporate debt securitie

Part II. Qualitative Overview

Given the economic enviro

commercial real estate are 

The Hartford's activities in 

acquired on June 24, 2009.

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

2

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

1. MBS/ABS Net Purchased Volume

a. Mortgage Backed Securities $14,396 $14,199 $13,830 Represents carrying value as of December 31, 2009, including CMBS of $8,544 million, CREs of

$439 million and RMBS of $4,847 million.

b. Asset Backed Securities $4,961 $4,942 $4,976 Represents carrying value as of December 31, 2009, including ABS of $2,523 million, CLOs of

$2,439 million and Other CDOs of $14 million.

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

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

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

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

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

Net sales were approximat

December 31, 2009, related 

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

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

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

2
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

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

Reporting month(s):  December 2009   

Submission date:  January 29, 2010

Person to be contacted regarding this report: Shannon Lapierre

1

PART II.  QUALITATIVE OVERVIEW

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

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

standards and terms, and any other intermediation activity.

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

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

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

casualty insurance products in the United States.

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

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

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

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

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

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

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

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

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

CMBS/MBS/ABS Activity

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

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

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

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

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

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

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

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

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

delinquencies and declines in property values.  Net sales were approximately $621 million in ABS, CMBS,

and RMBS securities for the month ending December 31, 2009, related primarily to low‐rated and

selective ABS and CMBS securities.

Commercial Lending

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

mortgages, represents 6% of our total investments, excluding equity securities held in trading accounts,
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

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

Reporting month(s):  December 2009   

Submission date:  January 29, 2010

Person to be contacted regarding this report: Shannon Lapierre

2

as of December 31, 2009.  These loans are collateralized by a variety of commercial and agricultural

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

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

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

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

Direct Consumer Lending

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

subsidiary.  As of December 31, 2009, Federal Trust Bank held $208 million (carrying value) of residential

mortgage loans.

Other Intermediation Activities

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

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

For the month of December, The Hartford was a net purchaser of marketable securities.  During the

month, The Hartford purchased predominantly investment grade corporate credits of $2,752 million,

offset by $1,157 million in sale transactions.  In the investment grade corporate credit space,

repositioning included net purchases in companies well positioned in the current economic

environment, coupled with net sales aimed to selectively reduce the company’s overall concentration in

financials, real estate and other single‐name concentrations.
Name of institution: KeyCorp Submission date: 1/28/10 Person to be c

PART I. QUANTITATIVE OVERVIEW

SCHEDULE A: CONSUMER LENDING (Millions $) OCT NOV DEC Key 1. First Mortgagea. Average Loan Balance (Daily Average Total Outstanding) $3,173 $3,181 $3,176 First Mortgage includes loans secured by 1‐4 family residential properties including home equity

loans secured by first liens.

b. Total Originations $135 $153 $150 Total Originations include both portfolio and held‐for‐sale loan originations.

(1) Refinancings $70 $88 $85(2) New Home Purchases $65 $65 $65

2. Home Equity

a. Average Total Loan Balance $8,401 $8,401 $8,396 Home Equity includes home equity lines of credit only (Home equity loans secured by first liens are

included with First Mortgages above).

b. Originations (New Lines+Line Increases) $71 $71 $57c. Total Used and Unused Commitments $16,435 $16,408 $16,357

3. US Card ‐ Managed

a. Average Total Loan Balance ‐ Managed $5 $5 $0 US Card ‐ Managed includes Credit Card loans.

b. New Account Originations (Initial Line Amt) $0 $0 $0

c. Total Used and Unused Commitments $41 $41 $0

4. Other Consumer

a. Average Total Loan Balance $7,542 $7,473 $7,423 Other Consumer includes all other non‐revolving consumer loans.

b. Originations $34 $17 $66

TREASURY MONTHLY INTERMEDIATION SNAPSHOT

After reaching a in December, wi

2009

Home Equity loa

November level 

The significant in

student loan vol

KeyCorp does no

existing portfolio

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

1. C & Ia. Average Total Loan and Lease Balance $28,002 $27,427 $27,051 C & I includes lease financing receivables, commercial and industrial loans, agricultural loans, loans

to depository institutions and other nonconsumer loans.

b. Renewal of Existing Accounts $778 $1,073 $1,269 Renewals of existing accounts include outstanding balances and unused commitments for which

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

draw.

c. New Commitments $366 $519 $530 New commitments include outstanding balances and unused commitments. Commitment

amounts exclude standby letters of credit.

2. Commercial Real Estate

a. Average Total Loan and Lease Balance $16,994 $16,599 $16,000 Commercial Real Estate includes construction and land loans, loans secured by multi‐family

residential properties and by other nonresidential properties.

b. Renewal of Existing Accounts $457 $693 $880 Renewals of existing accounts include outstanding balances and unused commitments for which

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

draw.

c. New Commitments $56 $72 $88 New commitments include outstanding balances and unused commitments. Commitment

amounts exclude standby letters of credit.

4. Small Business Loans3

a. Average Total Loan Balance $3,341 $3,303 $3,267 Small Business includes loans guaranteed by the Small Business Administration ("SBA") and other

loans internally classified as small business loans.

b. Originations $37 $40 $45SCHEDULE D: OTHER INTERMEDIATION ACTIVITIES (Millions $)

1. MBS/ABS Net Purchased Volume

a. Mortgage Backed Securities $818 ‐$63 $508 December MBS net purchased volume includes $750 million in purchases and $242 million in sales,

paydowns, calls and maturities.

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

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

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

a. Total Equity Underwriting $55 $46 $226 Represents KeyCorp's equity underwriting commitments.

b. Total Debt Underwriting $147 $646 $322 Represents KeyCorp's taxable and municipal debt underwriting commitments.

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

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

CRE loan deman

extending and m

market. Manage

activity continue

these assets.KeyCorp was the 

Taxable debt un

and three that a

The December p

government‐spo

Small Business lo

November level. 

lending approva

$6 million from t

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

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

New commitme

The highest volu

portfolios. Altho

highest monthly 

2
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  KeyCorp

Reporting month(s):  December 2009        

Submission date: 1/28/10

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

1

PART II.  QUALITATIVE OVERVIEW

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

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

standards and terms, and any other intermediation activity.

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

assets of approximately $93 billion at December 31, 2009.  Through KeyBank and certain other

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

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

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

and National Banking.  Community Banking includes the consumer and business banking organizations

associated with the company's 14‐state branch network.  The branch network is organized into three

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

includes those corporate and consumer business units that operate from offices within and outside

KeyCorp's 14‐state branch network.   

General

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

was modest improvement in the Commercial Lending (“C & I”) segment.  The increase in credit demand

in the C & I segment was attributable mainly to the Leasing portfolio, as new approvals in December

reached their highest monthly level since March 2009.  Consumer loan approval volume continued to

decline in December.

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

clients while being mindful of risk‐reward and strategic capital allocation.

Consumer

In December, seasonality and consumer hesitancy to take on additional debt contributed to the

continued decline in branch‐based application volume.

In September 2009, management decided to discontinue the education lending business and to focus on

the growing demands from schools for integrated, simplified billing, payment and cash management

solutions.  In December, KeyCorp stopped accepting new applications for student loans.  Funding of

previously approved loan applications will continue through March 2010.   

There were no material changes in KeyCorp’s underwriting standards in December.
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  KeyCorp

Reporting month(s):  December 2009        

Submission date: 1/28/10

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

2

C & I

In December, new loan approvals for new and existing Middle Market clients increased from the

November level to $115 million.  New lease approvals increased to $275 million in December from

November, representing the third highest monthly approval volume for the year.   

In the Small Business segment, credit‐worthy clients continue to act conservatively and are resistant to

adding capacity or additional debt.  Small Business loan demand remains weak; however, December

loan application volume increased from the November level.  December loan approvals in the Small

Business segment totaled $45 million, slightly below the monthly average for 2009.  SBA lending for the

month was strong, with nearly $13 million in loans approved.  For the year, SBA loan approvals were

down 8% from 2008, while KeyCorp’s Small Business loan activity as a whole was down 54%.    

Commercial Real Estate

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

outlook continues to be weak.  Of the $88 million in new commitments originated in December, 65%

was attributable to new commitments in the Real Estate Capital portfolio and 28% was attributable to

new commitments in the Small Business and Middle Market portfolios.

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

and refinancing options available in the CRE market.  Renewal volume of $880 million was up 27% from

the November level of $693 million.  Primary refinancing activity continues to occur in the multi‐family

space, with Fannie Mae, Freddie Mac and FHA agencies financing these assets.   

Investment Portfolio

KeyCorp continues to use the securities available‐for‐sale portfolio to support strategies for managing

interest rate and liquidity risk.  In December, KeyCorp increased the size of its investment portfolio with

the purchase of an additional $750 million of collateralized mortgage obligations issued by government‐

sponsored entities.
Name of institution: Marshall & Ilsley Corporation Submission date: 02/01/2010 Person to be c

PART I. QUANTITATIVE OVERVIEW

SCHEDULE A: CONSUMER LENDING (Millions $) OCT NOV DEC Key 1. First Mortgagea. Average Loan Balance (Daily Average Total Outstanding) $7,155 $7,132 $7,037 Includes all closed end residential RE; First Mortgages and Home Equity Loans (Approximately 80%

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

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

b. Total Originations $192 $203 $198 1‐4 Family Residential Mortgage Originations ‐ includes loans held by M&I Portfolio and loans

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

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

(1) Refinancings $106 $125 $135(2) New Home Purchases $86 $78 $63

2. Home Equity

a. Average Total Loan Balance $2,747 $2,737 $2,733 Includes Home Equity Lines only.

b. Originations (New Lines+Line Increases) $61 $64 $57

TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Mortgage origin

from October to 

by a decrease in 

The Average Loa

market, periodic 

needs as eviden

2009

Home Equity ou

to drop, consiste

1

c. Total Used and Unused Commitments $4,988 $4,957 $4,935

3. US Card ‐ Managed

a. Average Total Loan Balance ‐ Managed $276 $277 $287 Includes Consumer Card only.

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

c. Total Used and Unused Commitments $1,274 $1,282 $1,291

4. Other Consumer

a. Average Total Loan Balance $2,152 $2,128 $2,096 Includes consumer PRA & LOCs. Subcategories include Auto Leases, Dealer Finance, Personal,

Securities Loans, and Student Loans.

b. Originations $43 $43 $59 Includes Additional Notes and Refinances to existing customers and notes to new customers.

Average Loan Ba

Average Balance

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

1. C & Ia. Average Total Loan and Lease Balance $13,350 $13,214 $13,042 Includes A/R and Inventory, Dealer Commercial, Agricultural, IRB's and Muni, and Commercial

Leases.

b. Renewal of Existing Accounts $151 $182 $161 Renewals include renewal of existing accounts where new money is requested, terms are

modified, or new master line is established.

c. New Commitments $98 $65 $146 Includes New Loans to New Customers and Unused Commitments to C&I (Also includes Unused

Commitments to: Finance Agricultural Production and Other).

2. Commercial Real Estate

a. Average Total Loan and Lease Balance $20,130 $19,941 $19,560 Includes Business Purpose 1‐4 and Construction, Development, & Vacant Land (Commercial and

Residential).

b. Renewal of Existing Accounts $51 $43 $64 Renewals include renewal of existing accounts where new money is requested, terms are

modified, or new master line is established.

c. New Commitments $88 $40 $71 Includes New Loans to New Customers and Unused Commitments for CRE (Also includes Unused

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

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

4. Small Business Loans3

a. Average Total Loan Balance $3,506 $3,462 $3,426 Includes SBA‐guaranteed loans and Business Loans & Commitments < $1 million to customers with

Revenue < $1 million. Excludes Letters of Credit.

Commercial Rea

loans and is in li

Construction an

Average Balance

decrease in dem

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

Average balance

reduce capital e

acquisition activ

lower than the p

2

b. Originations $19 $12 $31SCHEDULE D: OTHER INTERMEDIATION ACTIVITIES (Millions $)

1. MBS/ABS Net Purchased Volume

a. Mortgage Backed Securities $48 $202 $895 Includes Mortgage Backed security purchase activities net of any security MBS sale activities,

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

transactions.

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

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

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

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

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

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

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

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

2
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  Marshall & Ilsley Corporation

Reporting month(s):  December 2009   

Submission date:  02/01/2010

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

1

PART II.  QUALITATIVE OVERVIEW

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

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

standards and terms, and any other intermediation activity.

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

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

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

and nearby communities; 36 offices along Florida’s west coast and in central Florida; 16 offices in Kansas

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

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

area.  

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

conditions of the economy.  Nonetheless, M&I extended approximately $500 million of new credit to

new and existing customers in December for a total of over $6.4 billion since the infusion of CPP capital

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

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

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

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

residential loans through March 31, 2010.  

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

Economic uncertainty has continued to result in borrowers reducing capital expenditures, delaying

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

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

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

with our corporate goal of reducing credit exposure in this sector.  Continued economic uncertainty has

resulted in increased challenges for customers across a variety of sectors including retail, office and

hospitality.

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

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

mortgages.  Mortgage originations decreased slightly (approximately 3%) from November to December.  

An increase in refinancing activity (due to favorable November rates) was offset by a decrease in

December new home originations which is seasonally typical.  During the same period, mortgage

application volume decreased by approximately 11% overall.  The drop in application volume is due to a

decrease in refinance applications driven by rates increasing in December.  The Average Loan Balance

decline year‐over‐year is attributed to originations being sold in the secondary market, periodic loan
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  Marshall & Ilsley Corporation

Reporting month(s):  December 2009   

Submission date:  02/01/2010

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

2

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

by $3.3 billion of total mortgage originations in 2009.
Name of institution: PNC Financial Services Group Submission date: 1/29/2010 Person to be conta

PART I. QUANTITATIVE OVERVIEW

2009

SCHEDULE A: CONSUMER LENDING (Millions $) OCT NOV DEC Key 1. First Mortgagea. Average Loan Balance (Daily Average Total Outstanding) $20,143 $19,827 $19,701

b. Total Originations $824 $761 $686(1) Refinancings $470 $454 $437(2) New Home Purchases $354 $307 $249

2. Home Equity

a. Average Total Loan Balance $36,260 $36,091 $35,977b. Originations (New Lines+Line Increases) $301 $264 $283

First Mortgage originations in the table represent PNC Mortgage originations (effective

November 2009 National City Mortgage Company became PNC Mortgage), as well as PNC

purchases of loans originated by PNC Mortgage, LLC, a 49.9% PNC owned joint venture with

Wells Fargo, which ceased operation in November 2009.

TREASURY MONTHLY INTERMEDIATION SNAPSHOT

1

c. Total Used and Unused Commitments $56,342 $55,040 $54,453

3. US Card ‐ Managed

a. Average Total Loan Balance ‐ Managed $6,620 $6,488 $6,514

b. New Account Originations (Initial Line Amt) $176 $137 $119

c. Total Used and Unused Commitments $24,966 $24,968 $24,747

4. Other Consumer

a. Average Total Loan Balance $12,719 $12,987 $13,407b. Originations $265 $210 $463

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

• Total outstandings for Credit card alone were up from $4,126 million in November to $4,200

million in December. New account volume for Credit Card alone fell 14.69% from November

level.

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

1. C & Ia. Average Total Loan and Lease Balance $61,024 $61,115 $59,941b. Renewal of Existing Accounts $3,587 $3,607 $5,580

c. New Commitments $1,903 $2,000 $2,7092. Commercial Real Estate

a. Average Total Loan and Lease Balance $24,063 $23,306 $23,399b. Renewal of Existing Accounts $772 $401 $888

c. New Commitments $182 $159 $4264. Small Business Loans3

a. Average Total Loan Balance $11,693 $11,530 $11,438

$ $ $

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

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

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

2

b. Originations $293 $241 $285SCHEDULE D: OTHER INTERMEDIATION ACTIVITIES (Millions $)

1. MBS/ABS Net Purchased Volume

a. Mortgage Backed Securities $300 ‐$235 $1,139 Trade Date was used to determine the month in which the purchase occurred. The Mortgage

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

Purchased amount consists of Purchases less sells for the month.

b. Asset Backed Securities $355 $182 $442

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

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

Treasury's guidance in footnote 1.

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

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

3. Underwriting

a. Total Equity Underwriting $9 $21 $68

b. Total Debt Underwriting $376 $492 $759

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

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

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

2
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution: PNC Financial Services Group, Inc.

Reporting month(s): December 2009   

Person to be contacted regarding this report: Shaheen Dil

Submission date: January 29, 2010

PART II.  QUALITATIVE OVERVIEW

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

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

standards and terms, and any other intermediation activity.

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

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

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

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

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

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

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

programs. In December 2009 PNC approved new and renewed commercial loans of approximately $7.6

billion, up from $5.8 billion in November 2009.  Overall, PNC originated approximately $11.2 billion in

loans and commitments to lend in December, $3.7 billion (48%) more than in November, driven by

increased renewals and new commitments in Commercial lending.  

First Mortgage

New first mortgage applications in December were $1.19 billion, up 3% from November, a result of a

drop in interest rates that caused a brief surge in new refinance applications.  Closed loan fundings

totaled $686 million for the month, of which $673 million was originated by PNC Mortgage.  This

represented a decrease of approximately 11% from November reflecting normal seasonality trends.  

Conventional loans were 69% of the total, including loans originated for sale to Fannie Mae or Freddie

Mac as well as jumbo loans originated for portfolio.  FHA insured and VA guaranteed loans accounted

for 31% of the total.  Fixed rate mortgages represented 93% of the total.

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

Program (HAMP) continues. During December, 247 HARP refinances totaling $49.0 million were funded.  

The HARP program to date has funded 2,102 HARP refinances totaling $425.9 million.  Through

December, 70,284 HAMP solicitations have been sent to eligible borrowers.    19,413 HAMP Trial Plan

offers have been extended.  13,237 borrowers are active in HAMP Trial Modifications. 61 borrowers

have been converted to final HAMP loan modifications.

Consumer Lending

Home Equity outstandings continue to decline month‐over‐month, as payments and payoffs outpace

December new originations at 7% growth. We have taken active steps to move up marketing efforts

while ensuring that we are well positioned in each of our markets from a pricing perspective.

In Other Consumer loans, Education Lending is experiencing a seasonal increase due to the second

disbursements of loans applied for in the peak summer season, coinciding with the start of second

semester.  December's Education Lending volume was up 55% from December 2008.    Other installment

loan volume was flat year over year.  A customer mailing strategy has been implemented with internet

1
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution: PNC Financial Services Group, Inc.

Reporting month(s): December 2009   

Person to be contacted regarding this report: Shaheen Dil

Submission date: January 29, 2010

advertising support to help increase originations. With respect to Indirect Lending, December

originations increased 6% compared to November.  Full year 2009 Indirect originations represent a 32%

increase over full year 2008.    Although originated volume increased from November to December,

dealers have still not returned their inventory to historical levels, mainly due to lack of supply.  

In Loss Mitigation – Distressed Assets – Home Equity, Non‐Prime Mortgage, Bank Owned Mortgage and

Construction Lending, we are looking to launch a new Florida‐based Home Loan Assistance Center to aid

troubled borrowers in and around the West Palm area.  This center is expected to be operational by the

end of the first quarter.   With respect to our non‐prime borrowers, we are poised to launch market

research efforts aimed at increasing distressed borrower contact rate, and soliciting customer feedback

concerning loan modification customer experience improvements.    

US Credit Cards (excluding other revolving exposure)

Total outstandings for the Credit card portfolio in December ($4.200 billion) grew from November

($4.126 billion).  New account volume was lower than the prior month (down 14.69%).  Total accounts

booked in December were 11.9 thousand, of which 9.5 thousand were new consumer accounts and 2.5

thousand were business card accounts.  The average credit line granted was $8,501 for consumer cards

and $8,458 for business cards.    Total credit line granted for new accounts was lower in December

($101.5 million versus $119.6 million in November).    Total credit available was $23,684 million for

December versus $23,928 million in November.  The branch network continues to be the main driver of

new account activity for the Credit Card portfolio.

Business Banking (in Retail line of business)

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

1% in December from prior month.  During December, PNC Business Banking extended $285 million in

credit commitments to small businesses including SBA loans.    Volume improved by 18% over the

previous month due to a longer month and increased demand for credit.  Targeted leads were provided

to the branches and direct sales force in late December and early January.  Several other initiatives are

in process to generate more small business lending in 2010.

C&I   

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

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

companies located across the country.

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

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

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

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

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

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

2
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution: PNC Financial Services Group, Inc.

Reporting month(s): December 2009   

Person to be contacted regarding this report: Shaheen Dil

Submission date: January 29, 2010

3

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

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

of 2009 as issuers sought to price deals before the end of the year.    And, we continue to see loan

utilization rates at historically low levels as our clients’ working capital needs remain low in this

economy.

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

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

see four‐ and 5‐year deals again, whereas earlier in the year almost no deals went beyond 3 years.  We

have not seen any other material changes in structure, so discipline remains generally strong.   

In the past few weeks we have begun to see M&A deals across our segments, although it’s too early to

declare a trend.  The deals have been driven by strategic buyers and post transaction leverage remains

moderate in the transactions we have seen.    We are hopeful that this M&A activity and leveling of

utilization rates are indicators that loan demand will begin to increase as 2010 progresses.   

We continue to identify an abundance of asset‐based lending opportunities with companies whose

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

secured lending structures. The strong demand in 2009 resulted in a record number of new business

originations and a pipeline of new loan opportunities that remains healthy.    In fact, we are currently

planning to add staff in order to pursue these opportunities. The growth provided by new lending

opportunities and seasonal borrowings of existing clients has reversed the yearlong decline in customer

loan balances associated with lower inventory and receivables levels resulting from lower sales volumes

and better balance sheet management.    Line utilization remains in line with the industry averages of

39%, which is almost 10% lower than a year ago.

We must continue to note that PNC’s loan growth will be moderated by the need to gradually reduce

credit exposure to some companies where PNC and National City have historically both provided credit

and where the combined loan levels are now in excess of established risk tolerance limits.

Commercial Real Estate

PNC remains committed to commercial real estate lending.    However, the slowdown in the overall

market, coupled with reduced borrower demand, the substantial combined exposure of PNC and

National City, as well as ongoing payoffs and charge‐offs, suggests that aggregate loan balances will

continue to decline for some time. PNC continues to work with credit‐worthy borrowers to restructure

and modify their loans.  In addition, PNC continues to be very active in real estate lending to multifamily

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

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

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

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

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

they do inject growth capital into the economy and require substantial use of our own capital base.  
Name of institution: Regions Financial Corporation Submission date: January 29, 2010 

PART I. QUANTITATIVE OVERVIEW

SCHEDULE A: CONSUMER LENDING (Millions $)

1. First Mortgage OCT NOV DEC Key 

a. Average Loan Balance (Daily Average Total Outstanding) $16,186 $16,283 $16,404 First and second residential 1‐4 family mortgages, including residential mortgages held for 

b. Total Originations $619 $689 $644 Loan originations designated for the secondary market and those to be held in portfolio o

Regions' balance sheet.

(1) Refinancings $311 $393 $384 Total originations designated as refinance status.

(2) New Home Purchases $308 $296 $260 Total originations designated as new purchase status.

2. Home Equity

a. Average Total Loan Balance $15,599 $15,509 $15,436 Average balances include Home Equity loans and HELOCs.

b. Originations (New Lines+Line Increases) $87 $77 $94 New Home Equity loans, lines and increases.

2009

TREASURY MONTHLY INTERMEDIATION SNAPSHO

c. Total Used and Unused Commitments $26,039 $25,840 $25,749 Total portfolio of Home Equity loans and funded and unfunded HELOCs. Funded portion i

in average balance above.

3. US Card ‐ Managed

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

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

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

4. Other Consumer

a. Average Total Loan Balance $4,265 $4,191 $4,094 Includes consumer direct, indirect, other revolving (i.e., overdraft lines) and student loans 

for sale.

b. Originations $123 $76 $91 Includes direct and student lending origination activity.

1
SCHEDULE B: COMMERCIAL LENDING (Millions $)

1. C & I OCT NOV DEC Key 

a. Average Total Loan and Lease Balance $21,843 $21,489 $21,376 Average outstanding funded balances (net of deferred fees and costs) for non‐real estate,

commercial related loans and leases.

b. Renewal of Existing Accounts $1,502 $1,415 $1,249 Renewal of existing funded and unfunded commitments for non‐real estate, commercial r

loans based upon posting date of renewal. Also includes letters of credit.

c. New Commitments $681 $862 $1,123 New funded and unfunded commitments for non‐real estate, commercial related loans ba

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

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

2. Commercial Real Estate

a. Average Total Loan and Lease Balance $36,030 $35,770 $35,304 Average outstanding funded balances (net of deferred fees and costs) for commercial rela

loans secured by real estate. Also includes Commercial loans held for sale.

b. Renewal of Existing Accounts $1,612 $1,439 $1,916 Renewal of existing funded and unfunded commitments for commercial related loans secu

real estate based upon posting date of renewal. Also includes letters of credit.

c. New Commitments $194 $173 $300 New funded and unfunded commitments for commercial related loans secured by real est

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

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

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

4. Small Business Loans3

a. Average Total Loan Balance $13,955 $13,852 $13,780 Average outstanding funded balances (net of deferred fees and costs) for commercial and commercial real estate re

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

g y p

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

b. Originations $563 $542 $630 New and renewed production of funded and unfunded commitments made to small busin

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

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

SCHEDULE D: OTHER INTERMEDIATION ACTIVITIES (Millions $)

1. MBS/ABS Net Purchased Volume

a. Mortgage Backed Securities $3,724 $516 $1,726 Net purchase volume as captured in bond accounting system. Reflects settlement date.

b. Asset Backed Securities $0 $0 $0

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

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

b. Average Total Debit Balances2 $839 $801 $805 Reflects average margin receivables as recorded on the general ledger.

3. Underwriting

a. Total Equity Underwriting $36 $21 $73 Total equity underwriting activity. Represents Regions' participation percentage.b Ttl D bt U d iti $1 442 $1 470 $1 724 D bt i d li d thl R t Ri ' ti i ti tb. Total Debt Underwriting $1,442 $1,470 $1,724 Debt issuances delivered monthly. Represents Regions' participation percentage.

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

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

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

2
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution: Regions Financial Corporation

Reporting month(s):    December, 2009      

Submission date:  January 29, 2010

Person to be contacted regarding this report:  Irene M. Esteves, Chief Financial Officer

1

PART II.  QUALITATIVE OVERVIEW

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

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

standards and terms, and any other intermediation activity.

I. Company Description

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

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

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

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

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

approximately $142 billion.   

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

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

business through Regions Insurance Group, Inc.

II. Overall Summary  

In December, new and renewed commitments were up $0.7 billion to $5.4 billion and average balances

were down $0.6 billion from November to $92.6 billion.

The month over month increase in new and renewed commitments was driven primarily by a 30.3%

increase in new commitments in C&I and by renewals in Commercial Real Estate, reflecting typical

month to month fluctuations in renewal volumes as most commercial real estate loans are project based

and renewal activity is driven by the life cycle of each project.

III. Consumer Lending

A. Mortgage Lending

The mortgage division originated mortgage loans totaling $644 million in December of 2009.  Overall

production decreased 6.6% from the prior month.  New purchase originations declined from the prior

month 12.4%, and refinancing activity decreased 2.2%.  Application activity in December decreased 6.9%

due primarily to seasonality (i.e., less activity is generally seen in the winter/holiday months).   

Regions’ mortgage division rolled out the U.S. Treasury sponsored Home Affordable Refinance Program

(HARP) in late March, which provides borrowers who have an existing loan owned or securitized by

Fannie Mae or Freddie Mac, the ability to refinance to more beneficial financing terms with no new or

additional mortgage insurance required, even if their current loan‐to‐value ratio is higher than it was on

the original loan.  Initially the loan‐to‐value ratio could not exceed 105%; however, this limit was

increased to 125% effective July 22.  December originations included approximately $54 million related

to 318 loans refinanced under the Home Affordable Refinance Program.
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution: Regions Financial Corporation

Reporting month(s):    December, 2009      

Submission date:  January 29, 2010

Person to be contacted regarding this report:  Irene M. Esteves, Chief Financial Officer

2

Regions’ has implemented the U. S. Treasury sponsored Home Affordable Modification Program (HMP)

for FNMA/FHLMC loans serviced by Regions. This program is designed to assist mortgage borrowers who

have an existing loan owned or securitized by Fannie Mae or Freddie Mac, and who are in imminent

danger of default or are already in default to obtain modified financing terms prescribed by the

program.  In accordance with the program guidelines, Regions has distributed approximately 937

modification packages to eligible borrowers subject to a ninety‐day trial period. The first modifications

under this program were seen in July 2009.  In the month of December, Regions completed 128

modifications totaling $20.3 million in unpaid principal.  Regions currently services approximately $20.0

billion of Fannie Mae and Freddie Mac mortgages.

B. Home Equity Lending

Home Equity production increased 22% in December to $94 million due in part to response to the

preapproved HELOC offer mailed to approximately 195,000 Regions’ customers without a HELOC in

October that expired in December. Home Equity Lending production remains low, down 25% compared

to same period prior year. Lower production is the result of reduced application volume and declining

home values limiting the qualifying amount for homeowners, thus driving lower loan sizes.  

Overall Home Equity average balances declined $73 million or 0.5% in December to $15.4 billion.  The

HELOAN portfolio declined $32 million, 1.7%, while HELOC balances declined $42 million, 0.3%,

reflecting portfolio paydowns in excess of new production.

C. Other Consumer Lending

Overall, Other Consumer Lending balances decreased 2.3% in December compared to November

primarily as a result of the continued run‐off in the Indirect Lending portfolio.  Overall, December

originations decreased when compared to November, primarily as a result of the seasonality in the

student lending portfolio.

D. Customer Assistance Program

Regions continues to work to meet the unique needs of financially troubled borrowers to stem

foreclosures and keep customers in their homes. Well before the full effects of the credit crisis were

realized, Regions launched an extensive Customer Assistance Program (CAP) for troubled borrowers.  As

unemployment levels continue to elevate and the housing crisis lingers our goal remains the same ‐ to

ensure customers who encounter financial difficulty know they have options and we want to work with

them.

As a result, Regions has taken steps including renegotiating the terms of mortgages and home equity

loans, keeping families in their homes and allowing Regions to maintain a foreclosure rate well below

industry average for residential first mortgages.  Overall, the number of Regions first mortgage loans in

the foreclosure process is less than half the national average. (1.80% for Regions vs. 4.47% nationally in

the third quarter of 2009.)  Since inception of the program, Regions has restructured more than $1.8
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution: Regions Financial Corporation

Reporting month(s):    December, 2009      

Submission date:  January 29, 2010

Person to be contacted regarding this report:  Irene M. Esteves, Chief Financial Officer

3

billion in mortgages, including $1.1 billion in 2009. Regions has assisted more than 24,000 homeowners

with solutions. 

In addition, Regions introduced the U.S. Treasury sponsored Home Affordable Modification Program for

loans serviced on behalf of Fannie Mae and Freddie Mac back in late March 2009.  To date, we have

initiated 1,068 trial period modifications for $165 million and of those, 438 have been completed for $69

million.

IV. Commercial Lending

A.  Commercial and Industrial Lending

Loan demand remained soft in December, as the stagnant economy continues to drive more

conservative leverage positions. Renewed loan commitments decreased for the month, while new loan

commitments increased. Outstanding loan balances decreased in December partially due to the

remarketing of Variable Rate Demand Notes.

In the middle market, client appetite for additional debt remains low and clients are utilizing cash to pay

down debt. Lower sales volumes have resulted in lower inventory and accounts receivable financing

requirements.  Businesses are less likely to invest in or expand their operations given the current

economic outlook.  

Lending activity continues to increase in the not‐for‐profit/public institution sector, as many large

investment‐grade borrowers are exiting the bond market and seeking senior bank debt. With the

expansion of the rules for bank qualified lending, the Stimulus Act is providing additional opportunities

to extend credit to public entities.

Regions defines small business, in general, as clients with revenues up to $10 million.  Small business

lending activity is reflected within our Commercial and Industrial, Commercial Real Estate and

Residential Mortgage outstanding loan balances and production.   

Small businesses are experiencing lower working capital requirements resulting from lower sales

volumes and are reluctant to make capital investments given the current economic outlook.  As a result,

we are seeing small businesses build cash in their operating accounts.  Loan pipelines ended December

2009 at 87% of the prior year level and down 12% versus November.

B.  Commercial Real Estate Lending

The focus in commercial real estate lending continues to be on renewing and restructuring real estate

loans with existing clients versus active pursuit of new real estate loans.  Renewal activity includes loan

restructuring, remargining and repricing, consistent with the current credit quality of the sponsor, the

performance of the project and the current market.  As homebuilders sell existing inventory, we

continue to convert lot loans to residential construction loans, in turn, reducing our land and lot

portfolio.  
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution: Regions Financial Corporation

Reporting month(s):    December, 2009      

Submission date:  January 29, 2010

Person to be contacted regarding this report:  Irene M. Esteves, Chief Financial Officer

4

In December, commercial real estate balances decreased $466 million from November levels, primarily

driven by decreases in investor owned real estate.  In December, new loan demand remained low. The

$300 million in new real estate commitments primarily resulted from owner occupied real estate

production.  Developers are reluctant to begin new projects or purchase existing projects under current

economic conditions.

V. Treasury Activities  

Management of interest rate risk is among the most fundamental tenets in banking.  Banking

institutions utilize the Available for Sale investment portfolio as a primary tool to balance the inherent

interest rate risk arising from core banking activities.  Agency Mortgage‐Backed securities provided an

efficient means to offset asset sensitivity and maintain the desired liquidity profile, while offering a

compelling risk adjusted return on the use of capital.  Mortgage‐Backed security activity in December

totaled $1.7 billion, which consists of Agency Fixed‐Rate Mortgage‐Backed Products.  

VI. Equity and Debt Activities at Morgan Keegan

Morgan Keegan Equity underwriting saw a pickup in offerings during December.  Morgan Keegan’s

capability to be involved in issuer’s credit via Regions continues to assist us with REIT offerings and we

are hopeful to see those relationships expand into the Master Limited Partnership market as well as

others. The IPO backlog continues to improve with over 70 deals currently in registration. The most

active industry sectors continue to be REIT’s, technology, and healthcare. One other point of interest is

the bought deal activity. The 2009 year saw bought deal volume grow some 85% compared to 2008. We

anticipate 2010 seeing more IPO business being executed as the economy and the general markets

continue to improve.  The Morgan Keegan Debt underwriting department has seen continued strong

issuance in December.  This is consistent with the usual end‐of‐year push in bond issuance by our

clients.  We expect January and February issuance to be much lower.  
Name of institution: SunTrust Banks, Inc. Submission date: 02/01/10 Person to be c

PART I. QUANTITATIVE OVERVIEW

SCHEDULE A: CONSUMER LENDING (Millions $) OCT NOV DEC Key 1. First Mortgagea. Average Loan Balance (Daily Average Total Outstanding) $32,439 $32,589 $32,385 Consists of (1‐4 family) residential whole loans and closed end loans secured by junior liens

originated as part of a home purchase or refinance transactions. Includes loans retained in

SunTrust's loan portfolio and loans currently recorded in loans held for sale.

b. Total Originations $2,828 $2,867 $2,724 Includes all loans originated or purchased by SunTrust through the Retail and Wholesale channels.

Volumes include all activity regardless of whether the loans are retained in the loan portfolio, or

recorded in loans held for sale and ultimately sold to a third party.

(1) Refinancings $1,544 $1,688 $1,617(2) New Home Purchases $1,284 $1,179 $1,107

2. Home Equity

a. Average Total Loan Balance $17,873 $17,688 $17,680 Average balance, originations, and commitments include both Home Equity Lines and Home Equity

Loans.

b. Originations (New Lines+Line Increases) $100 $89 $110

Originations dec

decreased $204 

sale into the sec

2009

Average balance

originations incr

TREASURY MONTHLY INTERMEDIATION SNAPSHOT

1

c. Total Used and Unused Commitments $33,738 $33,462 $33,243

3. US Card ‐ Managed

a. Average Total Loan Balance ‐ Managed $990 $1,000 $997 SunTrust originates commercial credit cards and carries them in the loan portfolio. Consumer

credit cards are originated through a third party service provider. Consumer portfolios are

periodically purchased from the provider and booked to the loan portfolio.

b. New Account Originations (Initial Line Amt) $4 $4 $721 Originations may include both commercial and consumer credit cards. Commercial cards are

reflected upon origination, while consumer cards are reflected when portfolios are purchased

from the third party service provider.

c. Total Used and Unused Commitments $3,536 $3,514 $4,139 Commitments include both commercial and consumer credit cards. Consumer commitments are

reflected in total commitments, upon purchase from the third party service provider.

4. Other Consumer

a. Average Total Loan Balance $12,294 $12,306 $12,209 Average balances and originations include student loans, direct installment loans (auto and non‐

auto), indirect installment loans (auto and marine), and unsecured personal credit lines.

b. Originations $381 $316 $485

Average balance

2009.Throughout 200

SunTrust purcha

new credit lines 

significantly to t

$100 million in f

timing of the pu

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

1. C & Ia. Average Total Loan and Lease Balance $33,293 $32,993 $32,369 Includes average outstandings for Commercial & Industrial loans and leases extended to small

business, commercial, middle market, and large corporate clients.

b. Renewal of Existing Accounts $982 $966 $1,427 Renewals represent credit facilities and stand‐alone notes that matured and were renewed during

the reporting period. Includes funded loans and unfunded commitments, but does not include

letters of credit or derivatives.

c. New Commitments $945 $851 $1,184 Includes new facilities, stand‐alone notes, and leases extended to new or existing clients. Reflects

both funded loans and unfunded commitments. Does not include takedowns under existing

commitments, letters of credit, or derivatives.

2. Commercial Real Estate

a. Average Total Loan and Lease Balance $22,974 $22,604 $22,231 Includes commercial loans secured by owner occupied or non‐owner occupied real estate.

Includes loans extended for real estate financing as well as loans made for other purposes and

collateralized by real estate.

b. Renewal of Existing Accounts $186 $210 $341 Renewals represent credit facilities and stand‐alone notes that matured and were renewed during

the reporting period. Includes funded loans and unfunded commitments, but does not include

letters of credit or derivatives.

c. New Commitments $202 $171 $215 Includes new facilities and stand‐alone notes extended to new or existing clients. Reflects both

funded loans and unfunded commitments. Does not include takedowns under existing

commitments, letters of credit, or derivatives.

4. Small Business Loans3

a. Average Total Loan Balance $5,397 $5,346 $5,311 Average balances and originations include loans originated in the business banking group which

includes loans guaranteed by the SBA. Business Banking primarily serves clients with annual sales

of $5 million or less.

Commercial rea

accounts increas

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

Average loan ba

continued to red

originations of n

$5‐$100 million, 

2

of $5 million or less.

b. Originations $40 $46 $52SCHEDULE D: OTHER INTERMEDIATION ACTIVITIES (Millions $)

1. MBS/ABS Net Purchased Volume

a. Mortgage Backed Securities $3,738 $736 $229 The numbers represent net purchase volume within the reporting period. These securities are

reported in SunTrust's available‐for‐sale and trading portfolios.

SunTrust purcha

b. Asset Backed Securities $0 $0 $0 The numbers represent net purchase volume within the reporting period. These figures include

securities reported in SunTrust's available‐for‐sale and trading portfolios.

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

a. Average Total Matched Book (Repo/Reverse Repo)1 n/a n/a n/a SunTrust Bank has less than $50 billion in matched book repos. SunTrust Robinson Humphrey

“STRH”, an institutional broker dealer, is fully disclosed on the equity side through a third party

service provider and does not hold customer accounts.

b. Average Total Debit Balances2 n/a n/a n/a Although STRH self‐clears institutional fixed income transactions, STRH does not carry customer

accounts.

3. Underwriting

a. Total Equity Underwriting $127 $28 $28 Includes total dollars allocated to STRH in equity underwriting transactions that settled within the

reporting period.

b. Total Debt Underwriting $564 $1,478 $485 Includes total dollars allocated to STRH in investment grade fixed income, high yield fixed income,

and municipal debt underwriting transactions that settled within the reporting period.

Equity underwri

investment‐grad

of high‐yield off

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

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

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

2
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  SunTrust Banks, Inc.

Reporting month(s):  December 2009   

Submission date: 02/01/10

Person to be contacted regarding this report:  Barry Koling

1

PART II.  QUALITATIVE OVERVIEW

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

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

standards and terms, and any other intermediation activity.

SunTrust Banks, Inc., with total assets of $174.2 billion on December 31, 2009, is one of the nation’s

largest financial holding companies.  Through its banking subsidiaries, the Company provides deposit,

credit, trust, and investment services to a broad range of retail, business, and institutional clients. Other

subsidiaries provide mortgage banking, brokerage, investment management, equipment leasing, and

capital market services.  SunTrust operates 1,683 retail branches in Alabama, Arkansas, Florida, Georgia,

Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia, and the

District of Columbia.  In addition, SunTrust services clients in select markets nationally.   

Average loans in December, including loans held for sale, totaled $117.9 billion, down $1.3 billion or

1.1% from November.  These totals do not include loans extended to clients and sold to third parties.  

This fact is particularly relevant when considering the mortgage portfolio, since the majority of new

originations and refinanced mortgage loans are sold to third parties.  Balance declines continued in all

segments, but the trend was mainly influenced by the actions of large corporate clients.  The contraction

in overall business demand prompted wholesale borrowers to utilize excess capital and liquidity to

reduce their outstanding debt.  Average balances in consumer lending categories declined $312 million,

or 0.5%, from November, while the corresponding decline for commercial lending was $997 million, or

1.8%, from November.  Within the commercial lending category, the percentage declines from

November average balances were over 2% for the large corporate (annual revenue over $100 million)

and commercial real estate lines of business, but were less than 1% in the small business (annual

revenue up to $5 million) and core commercial lines of business (annual revenue of $5‐$100 million).   

In contrast, total new loan originations, commitments, and renewals extended to all borrowers in

December totaled $7.2 billion, an increase of 31.7% from November.  Nearly seventy percent of the   

increase was attributable to increased demand for loans and lines of credit from the core commercial

segment and to the purchase of consumer credit card accounts from a third‐party service.  Generally,

loan demand in the large corporate and small business lines of business remained weak.   

Consumer Lending

Mortgage originations totaled $2.7 billion during December, representing a 5.0% decrease from

November, but a 3.6% increase over December 2008.  Relative to November, average mortgage
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  SunTrust Banks, Inc.

Reporting month(s):  December 2009   

Submission date: 02/01/10

Person to be contacted regarding this report:  Barry Koling

2

balances decreased $204 million, or 0.6%, during December.  The decrease was impacted by sales into

the secondary market as the average balance of mortgage loans held for sale decreased $25 million or

0.8%.  Loans funded for new home purchases and refinancing in December decreased by 6.1% and 4.2%,

respectively, relative to November.

During December, new home equity line and loan production increased $21 million, or 24.2%, from

November.  December production was the highest since August 2009, but was 14% below the average

monthly production for the year.      

Credit cards balances represent a small percentage of SunTrust’s loan portfolio and drive a relatively

immaterial percentage of SunTrust’s total annual loan originations.  Consumer credit card lines are

originated by a third‐party service and periodically purchased by SunTrust in pools of consumer credits

from the third‐party service.  In late December, SunTrust purchased consumer credit card accounts

originated by the third party consisting of $717 million in new credit lines and over $100 million in

funded credit card receivables.  This purchase contributed significantly to the $721 million in new

account originations for the month.  The full impact of the additional $100 million in funded credit card

receivables will not be reflected in average balances until January due to the timing of the purchase.   

Other consumer loans are primarily composed of student, auto, and other consumer loans.  December

fundings for indirect auto, student, and other consumer loans increased 53.5% from November.  

December student loan originations increased from November by 171.6% due to seasonality.  December

indirect auto production also increased 25.7% from November.

Commercial Lending

Average Commercial and Industrial loan balances decreased approximately 1.9% in December to $32.4

billion.  Most of the decline resulted from loan pay downs and reduced utilization of existing corporate

revolving lines of credit by large corporate clients.  Renewals of existing credit facilities and stand‐alone

notes totaled $1.4 billion in December, an increase of 47.7%, or $461 million, from November renewals.  

New commitments and new funded loans increased in December by $333 million, a 39.1% increase

compared to November.  $482 million, or 60.7%, of the increase in total Commercial & Industrial

facilities was attributable to increased origination of loans and various lines of credit from the core

commercial line of business (annual revenue of $5‐$100 million). While the growth in production was

encouraging, the increase in new and renewed lines of credit in December in the core commercial line of

business was not able to reverse the trend of consecutive monthly declines in total lines of credit since

September.
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  SunTrust Banks, Inc.

Reporting month(s):  December 2009   

Submission date: 02/01/10

Person to be contacted regarding this report:  Barry Koling

3

Average Commercial Real Estate loans decreased $373 million, or 1.7%, compared to the November

average.  New residential home builder loan demand was negligible and demand for commercial

development projects remained low as property values trended downward and investment activity

declined.  The increase in origination activity for the month of December was primarily driven by

renewals of existing loans and lines of credit.  Average balances of commercial loans secured by owner‐

occupied real estate remained fairly stable.

Small Business Lending

Most small business loans are originated in the business banking group which primarily serves clients

with annual sales of $5 million or less.  In December, the average loan balance was $5.3 billion, down

0.7% from November.  December originations increased 12.3% from November to $52 million.

Other Intermediation Activities

Beyond lending to consumers and businesses, SunTrust participates in various additional intermediation

activities.  In December 2009, SunTrust added $229 million of U.S. agency mortgage‐backed securities to

the investment portfolio.

SunTrust participated in nineteen debt issues in December with a total notional value of $5.4 billion.  

SunTrust’s allocation of underwritten debt included $120 million in high‐grade fixed‐income issues, $292

million in municipal debt issues, and $73 million in high‐yield fixed‐income offerings, which in the

aggregate was almost $1 billion below November activity.

In December, SunTrust participated in three equity offerings with a total notional value of $640 million,

of which our allocation was $28 million, unchanged from November.  
Name of institution: Wells Fargo & Company Submission date: January 29, 2010 Person to be c

PART I. QUANTITATIVE OVERVIEW

SCHEDULE A: CONSUMER LENDING (Millions $) OCT NOV DEC Key 1. First Mortgagea. Average Loan Balance (Daily Average Total Outstanding) $248,619 $247,736 $249,930 Reflects average balance of closed‐end loans secured by 1‐4 family residential properties,

consistent with line 1.c.(2)(a) on Form FR Y‐9C.

b. Total Originations $28,001 $31,161 $33,306(1) Refinancings $15,473 $18,970 $21,246 Reflects portion of loan originations to refinance existing mortgage loans.

(2) New Home Purchases $12,528 $12,191 $12,060 Reflects portion of loan originations used for new home purchases.

2. Home Equity

a. Average Total Loan Balance $124,827 $124,136 $123,251 Reflects average balance of loans secured by 1‐4 family residential properties, including revolving,

open‐end loans and extended under lines of credit and closed‐end loans secured by junior liens,

consistent with lines 1.c.(1) and line 1.c.(2)(b) on Form FR Y‐9C.

b. Originations (New Lines+Line Increases) $529 $379 $484 Reflects combination of newly established lines and line increases and funding of newly originated

closed‐end loans secured by junior liens during the period.

First Mortgage o

Mortgage applic

Company's unclo

2009

Average balance

$484 million for 

TREASURY MONTHLY INTERMEDIATION SNAPSHOT

1

c. Total Used and Unused Commitments $205,674 $204,498 $203,413 Reflects aggregate funded and unfunded commitments under revolving, open‐end loans secured

by 1‐4 family residential properties and extended under lines of credit at the end of the period.

3. US Card ‐ Managed

a. Average Total Loan Balance ‐ Managed $23,810 $23,580 $23,897 Reflects average balance of domestic credit card loans consistent with line 6.a. on Form FR Y‐9C.

b. New Account Originations (Initial Line Amt) $1,313 $1,209 $1,034 Reflects newly established accounts.

c. Total Used and Unused Commitments $100,284 $98,816 $98,231 Reflects aggregate funded and unfunded loan commitments at the end of the period.

4. Other Consumer

a. Average Total Loan Balance $92,938 $92,283 $92,143 Reflects average balance of other revolving credit plans (except credit cards), other domestic

consumer loans (single payment, installment and student loans), and consumer leases, consistent

with lines 6.b, 6.c and 10.a on Form FR Y‐9C.

b. Originations $2,006 $1,809 $2,089 Reflects newly funded other consumer loans (non‐revolving) and consumer leases, and new

commitments on other credit plans (except credit cards) during the period.

Other Consume

December loan 

December Avera

were $1 billion f

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

1. C & Ia. Average Total Loan and Lease Balance $169,925 $171,370 $165,705 Reflects average balance of loans to U.S. banks and depository institutions, agricultural loans,

domestic commercial and industrial loans, all other loans, and domestic leases consistent with

lines 2.a, 3, 4.a, 9.a, 9.b and 10.b. on Form FR Y‐9C.

b. Renewal of Existing Accounts $9,472 $8,217 $8,638 Reflects renewal of loans and commitments to current customers during the period.

c. New Commitments $5,393 $9,223 $6,311 Reflects new commitments during the period.

2. Commercial Real Estate

a. Average Total Loan and Lease Balance $132,548 $133,500 $132,780 Reflects average balance of construction loans, loans secured by farmland, multifamily residential,

and nonfarm nonresidential real estate loans, consistent with lines 1.a.(1), 1.a.(2), 1.b, 1.d, 1.e.(1),

and 1.e.(2) on Form FR Y‐9C.

b. Renewal of Existing Accounts $2,441 $2,014 $3,586 Reflects renewal of loans and commitments to current customers during the period.

c. New Commitments $1,422 $862 $2,829 Reflects new loans and commitments during the period.

4. Small Business Loans3

a. Average Total Loan Balance $73,534 $73,414 $72,012 Reflects average balances of small business lending activity including SBA loans and credit cards

issued to small business customers included in categories above.

December renew

2009. Commerc

Commercial Rea

Commercial Rea

commitments w

Loan origination

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

2

b. Originations $2,669 $2,031 $2,459 Reflects all small business lending activity including SBA loans and credit cards issued to small

business customers.

SCHEDULE D: OTHER INTERMEDIATION ACTIVITIES (Millions $)

1. MBS/ABS Net Purchased Volume

a. Mortgage Backed Securities ‐$259 ‐$182 ‐$193 Reflects purchases of mortgage backed securities, net of sales activity.

b. Asset Backed Securities $818 $68 $308 Reflects purchases of asset backed securities, net of sales activity.

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

a. Average Total Matched Book (Repo/Reverse Repo)1 N/A N/A N/A Not applicable as matched book activity does not exceed $50 billion.

b. Average Total Debit Balances2 $3,756 $3,783 $3,843 Reflects average balance of brokerage margin loans included in line 6.c. of Form FR Y‐9C and also

reflected on Schedule A, line 4(a) above.

3. Underwriting

a. Total Equity Underwriting $423 $372 $325

b. Total Debt Underwriting $6,284 $7,222 $6,391

Average debit b

Underwriting ac

Includes sales of 

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

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

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

2
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  Wells Fargo & Company

Reporting month(s):  December 2009   

Submission date:  January 29, 2010

Person to be contacted regarding this report:  Karen B. Nelson

1

PART II.  QUALITATIVE OVERVIEW

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

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

standards and terms, and any other intermediation activity.

Company Description  

Wells Fargo & Company is a diversified financial services company with $1.2 trillion in assets, providing

banking, insurance, investments, mortgage and consumer finance through more than 10,000 stores and

12,000 ATMs and the internet (wellsfargo.com) across North America and internationally.

Overall Lending Summary

Wells Fargo continues to extend credit to all of our credit‐worthy borrowers and aid the nation’s

economic recovery.  The Company extended $164 billion in loans and lines of credit to consumers and

businesses in the fourth quarter and $711 billion in 2009.  In addition, Wells Fargo provided mortgage

payment relief to nearly half a million homeowners through active trial and completed loan

modifications this past year.

First Mortgages and Home Equity

Total residential real estate (including first mortgage and home equity) originations were $34 billion for

December 2009.  Refinance activity remained strong, accounting for approximately 64% of December

first mortgage originations.  First mortgage applications were $42 billion for the month.

Residential Real Estate originations totaled $94 billion for fourth quarter 2009 and $420 billion for the

year.  First mortgage applications totaled $144 billion for the quarter.  The Company’s mortgage

application pipeline was $57 billion at the end of December.  Based on the size of the unclosed pipeline

at the end of the month, solid origination activity is expected to continue into January 2010.    

U.S. Card and Other Consumer

New credit card account originations were $1 billion for December 2009 and $3.6 billion for fourth

quarter 2009.  Credit card applications were approximately 483,000 for the month and 1.6 million for

the fourth quarter.  Other consumer loan originations were $2.1 billion in December, including $1.2

billion for auto loans and $793 million of education loans.  For fourth quarter 2009, other consumer loan

originations were $5.9 billion.

Commercial and Commercial Real Estate

Renewals of existing commercial accounts totaled $8.6 billion for December 2009 and $26.3 billion for

the fourth quarter.  Commercial new loan commitments were $6.3 billion for the month and $20.9

billion for the fourth quarter 2009.  December commercial real estate activity included $3.6 billion of

renewals of existing accounts and $2.8 billion in new loan commitments.   For the fourth quarter 2009,

renewals of existing commercial real estate accounts totaled $8 billion and new loan commitments
TREASURY MONTHLY INTERMEDIATION SNAPSHOT

Name of institution:  Wells Fargo & Company

Reporting month(s):  December 2009   

Submission date:  January 29, 2010

Person to be contacted regarding this report:  Karen B. Nelson

2

totaled $5.1 billion.  Loan originations to small businesses were $2.5 billion for December and $7.2

billion for fourth quarter 2009.

Other Intermediation Activities

Total debt and equity underwriting was $6.7 billion for December 2009 and $21 billion for fourth

quarter 2009.

  

Monthly information reported in the TARP Monthly Intermediation Snapshot does not necessarily reflect

results that may be expected for a full quarter or future periods.  For example, monthly first mortgage

origination volume is subject to volatility due to a number of factors including changes in prevailing

mortgage interest rates and the number of business days in a given monthly reporting period.  

Accordingly, Wells Fargo cautions the reader in using reported data as a predictor of future results.