Confidential Draft – For Discussion Purposes Only

September 10, 2009

Troubled Assets Relief Program 

Monthly Progress Report – August 2009

This report to Congress is pursuant to Section 105(a)

of the Emergency Economic Stabilization Act of 2008.
Monthly Progress Report – August 2009 

1 

Treasury is pleased to present a revised format for our monthly 105(a) Report to 

Congress. This new format will provide the latest developments on efforts to stabilize 

the financial system, current status of TARP investments, and background information 

on all TARP programs. 

Section Page

The Latest – August 2009 Key Developments 2 

Where is TARP Money Going? 3 

August Program Updates 5 

Certification 17 

Appendix 1: Descriptions of TARP Programs 18 

 

How Treasury Exercises its 

 Voting Rights 31

Appendix 2: August Financial Statement 33 

This report contains summaries of TARP programs and investments. These summaries 

do not include all the material terms and conditions of such programs and investments. 

Please see more detailed information available at www.financialstability.gov. 
The Latest – August 2009 Key Developments 

2 

The Troubled Assets Relief Program or TARP was established pursuant to the 

Emergency Economic Stabilization Act of 2008 or EESA. This law was adopted on 

October 3, 2008 in response to the severe financial crisis facing our country. To carry 

out its duties under the law, Treasury has developed a number of programs to stabilize 

our financial system and the housing market. These programs are described in this 

report. These efforts, together with the American Recovery and Reinvestment Act, help 

lay the financial foundation for economic recovery. 

The following are some key developments that took place in August under these 

programs: 

• The U.S. Treasury received $1.85 billion in dividend, interest and fee payments 

from all TARP Programs in August 2009 

– Total dividends and interest payments received since inception of TARP 

through August 31, 2009 is $9.36 billion 

• 3 banks repaid $140 million of Treasury investments in August, bringing the total 

amount of investments repaid to $70.3 billion through August 2009 

• Treasury made new investments in 9 banks totaling $129.9 million in August 

2009 

• 9 new mortgage servicers signed up to participate in the Home Affordable 

Mortgage Modification Program (HAMP) 

– Approximately 85 percent of residential mortgages are covered by HAMPparticipating servicers 

• Treasury and the Federal Reserve Board announced the extension of the Term 

Asset-Backed Securities Loan Facility (TALF) 

– The Federal Reserve will continue to make loans against newly issued 

asset-backed securities (ABS) and legacy commercial mortgage-backed 

securities (CMBS) through March 31, 2010 and against newly issued 

CMBS through June 30, 2010 
Where is TARP Money Going? 

3 

EESA authorized $700 billion for TARP. Treasury has used this authority to make 

investments that are designed to restore confidence in the strength of our financial 

institutions, restart markets that are critical to financing American households and 

businesses, and address the housing market problems. 

As of August 31, 2009, Treasury has announced the following uses of TARP funds: 

• $644.4 billion has been planned for particular TARP programs, as shown in 

Figure 1. 

– Of that amount, $443.8 billion has been committed to specific institutions 

under signed contracts. 

– $365 billion has been paid out by Treasury under those contracts. 

Figure 1 shows the planned TARP investments by program as of August 31, 2009. 

Please see Appendix 1 for a description of the programs listed in the chart. 

Figure 1: Planned TARP investments ($ billions) as of August 2009 

$218.00 

$12.50 

$82.59 

$50.00 

$70.00 

$100.00 

$110.00 

Capital Purchase Program

Asset Guarantee Program

Auto Industry Financing Program

Making Home Affordable

Consumer and Business Lending 

Initiative

Private-Public Investment 

Partnership

Exceptional Assistance

The authority to make investments under EESA expires on December 31, 2009. 

However, the Secretary of the Treasury may extend the authority through October 3, 

2010 upon satisfying certain conditions. 
Where is TARP Money Going? 

4 

A large part of the total investments to date occurred last fall under the Capital Purchase 

Program following the adoption of EESA in October 2008. The more recent 

commitments include amounts extended under the Obama Administration’s Financial 

Stability Plan. This includes funds committed under the Making Home Affordable 

program, the planned TARP investments in the Public-Private Investment Partnership, 

and those under the other programs described in this report. 

Figure 2 shows the amount of TARP investments by month. It shows both the amount 

obligated -- or committed for investment -- and the amount disbursed or actually paid 

out. 

Figure 2: Funds committed and paid out under TARP 

$0

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

$200

Billions

Amount Committed to Specific Institutions Each Month (Left Scale)

Amount Paid Out in Each Month (Left Scale)

Cumulative Amount Committed to Specific Institutions (Right Scale)

Cumulative Amount Paid Out (Right Scale)

Taxpayers can track progress on all of the financial stability programs and investments, 

as well as repayments, on Treasury’s website. Specifically, taxpayers can look at 

investments within 2 days of closing in our TARP transaction reports at 

www.financialstability.gov. In addition, on November 16th, Treasury will publish 

audited annual financial statements under Federal financial reporting standards that will 

provide detailed information on the value of the TARP portfolio.
August Program Updates – Dividends and Interest Received 

Most of the TARP money has been used to make investments in preferred stock or 

loans. Treasury receives dividend or interest payments on these investments from the 

institutions participating in TARP programs. These payments are a return on Treasury’s 

TARP investments. 

• In August, Treasury received $1.85 billion in dividends, interest and fees from 

TARP investments. 

• Treasury has received a total of $ 9.36 billion in dividends, interest and fees 

through August 31, 2009. 

Figure 3 shows the allocation of dividends, interest and fees received since inception of 

TARP by program as of August 31, 2009. 

Figure 3: Dividends, interest and fees received by TARP Program 

71.4%

6.9%

1.9%

19.9%

Capital Purchase Program

Automotive Industry Finance Program and Auto Supplier Support Program

Asset Guarantee Program

Exceptional Assistance

Please see Appendix 1 for a description of the programs listed in the chart above. 

Dividend payments are a portion of a company’s earnings that are paid to equity 

investors. Most banks participating in the CPP pay Treasury a cumulative dividend rate 

of 5 percent per year for the first five years and 9 percent per year thereafter. Scorporation banks pay an interest rate of 7.7 percent per year for the first five years 

and 13.8 percent thereafter. Preferred shares (or stock) are a form of ownership in a 

company. Preferred shares are senior to common stock, but junior to debt. 

Treasury’s Dividends and Interest Report is available at 

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

5 
August Program Updates – Capital Purchase Program

6 

A major part of TARP is the Capital Purchase Program (CPP). 

Under this program, Treasury invests in banks and other financial institutions to 

increase their capital. Banks use the CPP money in a number of ways, including 

shoring up capital, investing in assets, and increasing lending. Treasury continues to 

accept applications under the CPP from small banks. 

Figure 4: CPP Snapshot through August 2009 

CPP Investments

Amount disbursed in August 2009: $129.9 million to 9 institutions 

Total amount disbursed since October 2008: $ 204.48 billion 

CPP investments repaid since October 2008: $ 70.31 billion 

CPP Banks

Number of institutions that have received CPP investment: 671

Number of institutions that have repaid CPP investment: 37* 

Number of institutions currently participating in CPP: 637* 

*Including partial investments/repayments 

CPP Facts

Participation across the US: 

Banks in 48 states, the District of Columbia and Puerto Rico 

Largest Investment: $ 25 billion 

Smallest Investment: $ 301,000

Details on the Capital Purchase Program are available at 

http://www.financialstability.gov/roadtostability/capitalpurchaseprogram.html. 
August Program Updates – Capital Purchase Program

7 

The CPP was available to banks of all sizes. Figures 5 and Figure 6 show the 

distribution of CPP funds by size of investment as of August 31, 2009. These charts 

include all 671 banks that have received funds, including those that have repaid the 

investment. 

Figure 5: Number of banks by investment amount 

465

72

52

57

19 6

Figure 6: Total CPP funds disbursed by investment amount 

$2.0 $13.0

$189.5

Note: The CPP investment amount is determined by the size of the bank. CPP 

investments are no less than 1% and no greater than 3% (5% for small banks) of the 

recipient’s risk-weighted assets. 
August Program Updates – Capital Purchase Program

8 

Treasury receives dividend or interest payments on its TARP investments. Some of the 

banks that received investments under TARP have repaid Treasury. When a bank 

repays, it is also required to pay any accrued and unpaid dividends or interest. 

Treasury also receives warrants in connection with most of its investments. These are 

rights to purchase shares of common stock or in some cases other securities. The 

purpose of warrants is to give the U.S. Treasury the potential to benefit from the 

“upside” of a bank’s recovery. Some banks that have repaid the TARP investment have 

also repurchased the warrants issued to Treasury. 

The chart below shows the amount of dividends, interest and fees, repayments of 

principal, and warrant proceeds to date: 

Figure 7: Cash received through the CPP 

August Total

Dividends, Interest 

and Fees: 

$1.18 billion $ 6.68 billion 

Repayments of 

Principal: 

$140 million $ 70.31 billion 

Warrant Proceeds*: $1.17 billion $ 2.90 billion 

Total: $ 2.49 billion $ 79.89 billion 

* Includes proceeds from the repurchase of shares received through the 

exercise of warrants. 

 
August Program Updates – Capital Purchase Program

9 

Repurchase of Warrants 

Figure 8: Cash received from sales of 

When a publicly traded bank repays warrants through August 31, 2009 

Treasury for a preferred stock 

investment, the bank has the right to 

repurchase its warrants. The warrants 

do not trade on any market and do not 

have observable market prices. If the 

bank wishes to repurchase its 

warrants, an independent valuation 

process is used to establish fair 

market value. If an institution chooses 

not to repurchase its warrants, 

Treasury is entitled to sell them. 

Treasury is currently developing an 

auction process to sell warrants. 

A privately-held bank does not have 

common stock that trades in the 

market. Privately held banks that 

receive CPP funds give Treasury a 

warrant for additional shares of 

preferred stock. Treasury immediately 

exercises the warrant and acquires 

the preferred shares. Any proceeds 

from the repurchases of shares 

acquired from a warrant are included 

as cash received from sales of 

warrants in the table on this page.

Financial Institution 

Price Paid to 

Treasury 

(millions)

Alliance Financial Corporation $ 0.900

American Express Company $ 340.000

BB&T Corp. $ 67.010

Berkshire Hills Bancorp, Inc. $ 1.040

Centra Financial Holdings, Inc. $ 0.750

First Manitowoc Bancorp, Inc. $ 0.600

First Niagara Financial Group $ 2.700

First ULB Corp. $ 0.245

FirstMerit Corporation $ 5.025

HF Financial Corp. $ 0.650

Iberiabank Corporation $ 1.200

Independent Bank Corp. $ 2.200

Morgan Stanley $ 950.000

Northern Trust Corporation $ 87.000

Old National Bancorp $ 1.200

SCBT Financial Corporation $ 1.400

Somerset Hills Bancorp $ 0.275

State Street Corporation $ 60.000

Sun Bancorp, Inc. $ 2.100

The Bank of New York Mellon Corp. $ 136.000

The Goldman Sachs Group, Inc. $ 1,100.000

U.S. Bancorp. $ 139.000

Total Proceeds to Treasury $2.899 billion
August Program Updates – Bank Lending and Intermediation Surveys

 

10 

Each month, Treasury asks banks participating in the CPP to provide information about 

their lending activities and publishes the results in two reports described below. The 

most recent reports were conducted in June. During this period the economy continued 

to contract, albeit at a slower pace than earlier in the year. Although there was modest 

improvement in some economic indicators, the economy remained very weak. 

August Monthly Lending and Intermediation Snapshot 

This monthly lending report gathers and provides data on the lending activities for the 

22 largest financial institutions that received TARP investments under the CPP. In 

August, Treasury released the following information on June lending: 

• Overall outstanding loan balance of the 22 institutions fell 1 percent from May to 

June 2009. 

• New lending by the 22 institutions increased 13 percent from May to June 2009, 

indicating approximately $312 billion in new loans made. 

• Surveyed participants also reported that loan demand in the commercial real 

estate market and the commercial and industrial sectors was well below normal 

levels. 

August CPP Monthly Lending Report 

This monthly lending report provides data on consumer lending, commercial lending, 

and total lending for all CPP participants. As shown in the table below, from May to 

June, total average consumer loans fell by 0.80%, total average commercial loans fell 

by 1.02%, and total loans outstanding fell by 0.90%. 

Figure 9: Loans outstanding for all CPP Recipients as of June 30, 2009 

Date 

Number of 

Respondents

Total Average 

Consumer 

Loans

Total Average 

Commercial 

Loans 

Total Average 

Total Loans

2/28/2009 521 $2,898,031 $2,380,692 $5,278,662

3/31/2009 553 $2,885,646 $2,353,047 $5,239,745

4/30/2009 540 $2,852,671 $2,329,547 $5,182,212

5/31/2009 580 $2,840,877 $2,337,524 $5,178,418

5/31/2009 

(Adjusted) 546 $2,808,914 $2,291,026 $5,099,941

6/30/2009 559 $2,797,169 $2,362,892 $5,160,061

6/30/2009 

(Adjusted) 546 $2,786,351 $2,267,735 $5,054,086

Change (May Adjusted to June 

Adjusted) -0.80% -1.02% -0.90%
August Program Updates – Bank Lending and Intermediation Surveys

 

11 

Note: In Figure 9 above, the "May Adjusted" and "June Adjusted" data include balances 

from only those institutions that submitted both May 2009 and June 2009 CPP Monthly 

Lending Reports. 

Details on the Bank Lending Surveys are available at 

http://www.financialstability.gov/impact/surveys.htm. 

The Quarterly Capital Purchase Program Report 

To understand better how CPP and other stabilization initiatives launched by the 

Federal Government may have affected financial institutions and their activities, an 

interagency group was convened to determine and conduct appropriate analyses. This 

interagency group consists of representatives from Treasury, the Federal Deposit 

Insurance Corporation, the Federal Reserve Board, the Office of the Comptroller of the 

Currency, and the Office of Thrift Supervision. 

This interagency group has undertaken to produce a summary of the activities of 

institutions receiving TARP capital. In August, Treasury released the Quarterly Analysis 

of Institutions in the Capital Purchase Program for the first quarter of 2009 (2009 Q1). 

Details on the Quarterly Capital Purchase Program Reports are available at 

http://www.financialstability.gov/impact/CPPreport.html. 
August Program Update – Home Affordable Modification Program

12 

The Home Affordable Modification Program (HAMP) provides incentives for 

mortgage servicers, borrowers and investors to modify existing mortgages to make 

them more affordable for homeowners. Each servicer reviews its loans to identify 

eligible borrowers and then offers eligible borrowers a trial modification. If the borrower 

makes three consecutive monthly payments at the modified rate, and submits required 

documentation, the modification becomes permanent. 

Figure 10: Home Affordable Modification Program (HAMP) 

 Snapshot through August 2009 

Number of Requests for Financial Information 

Sent to Borrowers (Cumulative) 

1,883,108 

Number of Trial Period Plan Offers Extended to 

Borrowers (Cumulative) 

571,354 

Number of Trial Modification Started (Cumulative) 360,135 

HAMP Participating Servicers 

• Approximately 85% of residential mortgages are covered by servicers who are 

participating in HAMP. 

• As of August 31, 2009, 47 servicers have signed servicer participation 

agreements to modify loans under HAMP. These participants service loans 

owned or guaranteed by Fannie Mae or Freddie Mac, owned by the servicer, or 

serviced on behalf of other investors. 

Details on the Home Affordable Modification Program are available at 

http://www.financialstability.gov/roadtostability/homeowner.html

More information on the Making Home Affordable programs is available on the website 

http://www.makinghomeaffordable.gov
August Program Updates – Home Affordable Modification Program

 

13 

The HAMP is well underway. Since inception of the program, the number of trial plans 

offered to borrowers has increased each week, as has the number of trial modifications 

started. 

Figure 11: HAMP Trial Plans Offered to Borrowers (Cumulative) 

Figure 12: HAMP Trial Modifications (Cumulative) 
August Program Update – Home Affordable Modification Program

14 

Figure 13 shows individual mortgage servicers’ progress in making modifications under 

HAMP. For each servicer, the chart shows the percentage of trial modifications started 

as a percentage of the servicer’s estimated pool of HAMP-eligible mortgages that are at 

least 60 days delinquent. 

Servicers have joined the program at different times. Those that joined later tend to 

have lower percentages of trial modifications started than servicers that joined earlier. 

Figure 13: HAMP Mortgage Servicer Progress through August

39%

30%

26% 25%

23%

22%

17% 16%

11%

9%

8% 7% 7%

5% 4% 4% 3% 3% 3% 2% 1% 1% 0% 0% 0%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

Saxon 

Nationstar

GMAC J.P. Morgan Chase 

CitiMortgage 

Aurora 

Residential Credit 

Select Portfolio 

Wells Fargo 

CCO Ocwen Bank of America 

Greentree

Carrington 

Bayview 

Wilshire Litton 

National City 

Other Servicers 

Wachovia 

American Home RG Mortgage HomeEq Home Loan MorEquity 

For more information see 

http://www.financialstability.gov/docs/MHA-Public_090909.pdf 
August Program Updates – Term Asset-Backed Securities Loan 

Facility

15 

Under the Term Asset-Backed Securities Loan Facility (TALF), the Federal Reserve 

Bank of New York makes loans to buyers of asset-backed securities in order to 

stimulate consumer and business lending by the issuers of those securities. Treasury 

uses TARP funds to provide credit support for the TALF. 

The asset-backed securities (ABS) that are eligible for the TALF must be backed by new 

or recently originated auto loans, student loans, credit card loans, small business loans, 

or commercial mortgage loans. 

The markets for asset backed securities are an important source of credit for consumers 

and businesses. These markets essentially stopped functioning during the financial 

crisis. The purpose of TALF is to help restart these markets and help consumers and 

businesses obtain credit. Since the launch of TALF in March 2009, issuance of ABS 

has increased, as shown by Figure 14 below. 

Figure 14: Total Consumer ABS Issuance 

Source: Markets Room, U.S. Treasury Department (08/31/09) 

Details on TALF are available at 

http://www.financialstability.gov/roadtostability/lendinginitiative.html
August Program Updates – Term Asset-Backed Securities Loan 

Facility

16 

TALF Extension 

Conditions in financial markets have improved considerably in recent months. 

Nonetheless, the markets for ABS backed by consumer and business loans and for 

those backed by mortgages on commercial properties are still not functioning normally 

and seem likely to remain unstable for some time. 

The Federal Reserve had previously authorized using the TALF to make loans through 

December 31, 2009. To promote the flow of credit to businesses and households and to 

facilitate the financing of commercial properties, the Federal Reserve announced on 

August 17, 2009 that TALF will continue to make loans against newly issued ABS and 

previously issued CMBS through March 31, 2010. In addition, TALF will make loans 

against newly issued CMBS through June 30, 2010. 

For more information see 

http://www.federalreserve.gov/newsevents/press/monetary/20090817a.htm 
Certification

17 

As Assistant Secretary for Financial Stability at the United States Department of Treasury, 

I am the official with delegated authority to approve purchases of troubled assets under 

the Troubled Assets Relief Program. I certify to the Congress that each decision by my 

office to approve purchases of troubled assets during this reporting period was based on 

the office’s evaluation of the facts and circumstances of each proposed investment, 

including recommendations from regulators, in order to promote financial stability and 

the other purposes of the Emergency Economic Stabilization Act of 2008. 

 

 
Appendix 

18 

Appendix 1 Page

Description of TARP Programs: 

 Capital Purchase Program 19 

 Exceptional Assistance 20 

 Asset Guarantee Program 21 

 Automotive Industry Finance Program 23 

 Consumer and Business Lending Initiative 26 

 (TALF & Small Business) 

 Public-Private Investment Program 27 

 Making Home Affordable 29 

 SCAP and CAP 30 

How Treasury Exercises its Voting Rights 31 

Appendix 2 Page

August Financial Statement 33 
Description of TARP Programs – Capital Purchase Program 

19 

What is the CPP? 

• Treasury created the Capital Purchase Program (CPP) in October 2008 to 

stabilize the financial system by providing capital to viable banks of all sizes 

throughout the nation. With a strengthened capital base, banks have an 

increased capacity to lend to U.S. businesses and consumers and to support the 

U.S. economy. 

• Across the country, many banks are fundamentally sound, but hesitant to lend. 

During this unprecedented crisis, banks and financial institutions felt the strain of 

the troubled market conditions, which had suddenly and dramatically impaired 

their capital. The level of confidence between banks and other financial 

institutions was also low, so they were unwilling to lend to each other. 

• Restoring capital and confidence is essential to allowing the financial system to 

work effectively and efficiently. 

How does the CPP work? 

• Through the CPP, Treasury makes investments in banks, increasing their capital 

and enabling them to continue lending to businesses and consumers and 

otherwise serving their customers. 

• Treasury purchases senior preferred shares and other interests from qualifying 

U.S.-controlled banks, savings associations, and other financial institutions. 

Treasury also receives warrants to purchase common shares or other securities 

from the banks. 

• Banks use the CPP money in a number of ways, including shoring up capital, 

investing in assets, and increasing lending. 

• Banks participating in the CPP pay Treasury dividends on the preferred shares at 

a rate of five percent per year for the first five years following Treasury’s 

investment and at a rate of nine percent per year thereafter. 

• Banks may repay Treasury under the conditions established in the purchase 

agreements as amended by the American Recovery and Reinvestment Act. 

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

what Treasury paid for the shares, plus any unpaid dividends. 

• When a publicly-traded bank repays Treasury for the preferred stock investment, 

the bank has the right to repurchase its warrants. The warrants do not trade on 

any market and do not have observable market prices. If the bank wishes to 

repurchase warrants, an independent valuation process is used to establish fair 

market value. If an institution chooses not to repurchase the warrants, Treasury 

is entitled to sell the warrants. Treasury is currently developing a process to 

auction these warrants. 
Description of TARP Programs – Exceptional Assistance 

20 

Pursuant to EESA, Treasury has provided additional assistance on a case-by-case 

basis in order to stabilize institutions that were considered systemically significant to 

prevent broader disruption of financial markets. Treasury has provided this assistance 

by purchasing preferred shares in the institutions. As part of those transactions 

Treasury has also received warrants to purchase common shares in the institutions. As 

of August 31, 2009, assistance under these programs had been provided to: 

Exceptional Assistance Programs: 

American International Group (AIG) 

In November 2008, Treasury purchased $40 billion in preferred shares from AIG. In 

April 2009, it also created an equity capital facility, under which AIG may draw up to 

$29.8 billion as needed in exchange for issuing additional preferred stock to Treasury. 

As of August 31, 2009, AIG has drawn $3.21 billion from the facility. The preferred stock 

pays a dividend of 10 percent per year. The Federal Reserve Bank of New York 

(FRBNY) also provided loans to AIG. In connection with such loans, the FRBNY 

received convertible preferred shares representing approximately 79.8% of the current 

voting power of the AIG common shares. These preferred shares were deposited in a 

trust, which exists for the benefit of the U.S. taxpayers. 

 

Targeted Investment Program (TIP) 

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

$20 billion in preferred stock from Bank of America Corporation. Both preferred stock 

agreements pay a dividend of 8 percent per annum. These investments were in 

addition to CPP investments in these institutions. As part of an exchange offer designed 

to strengthen Citigroup’s capital, Treasury recently exchanged all its preferred shares in 

Citigroup for a combination of common shares and trust preferred securities. 
Description of TARP Programs – Asset Guarantee Program 

21 

Asset Guarantee Program (AGP) 

Under the AGP, Treasury supports the value of certain assets held by qualifying 

financial institutions, by helping them absorb unexpectedly large losses on certain 

assets. The program was designed for financial institutions whose failure could harm 

the financial system and has been used in conjunction with other forms of exceptional 

assistance. 

How does AGP work? 

• The pool of covered assets is proposed by the financial institution in consultation 

with federal regulators and Treasury, and then Treasury applies certain credit 

tests and asset filters in order to determine the final pool of covered assets. 

• As compensation for its guarantee, Treasury collects a premium in the form of 

preferred stock, warrants, or other form approved by Treasury. 

• As required by EESA, an actuarial analysis is used to ensure that the expected 

value of the premium is no less that the expected value of the losses to TARP 

from the guarantee. The United States government also provides a set of asset 

management guidelines that the institution must follow with respect to the 

guaranteed pool. 

Who Has Received Assistance Under AGP? 

Citigroup

• Treasury has guaranteed up to $5 billion of potential losses incurred on a $301 

billion pool of loans, mortgage-backed securities, and other financial assets held 

by Citigroup. The Federal Reserve and the FDIC are also parties to this 

arrangement. In consideration for the guarantee, Treasury received $4.03 billion 

in preferred securities that pay a dividend of 8 percent per annum. Treasury also 

received a warrant to purchase approximately 66 million shares of common stock 

at a strike price of $10.61 per share. 

• As part of the exchange offer noted earlier, Treasury recently exchanged 

preferred shares received under the AGP program for an equivalent amount of 

trust preferred securities paying interest at the same rate. 

• Treasury does not become obligated to pay on its guaranty unless and until 

Citigroup has absorbed $39.5 billion of losses on the covered pool. Treasury 

would then cover 90% of all losses on the covered pool, up to a maximum of $5 

billion.
Description of TARP Programs – Asset Guarantee Program 

22 

Bank of America

• In January 2009, Treasury, the Federal Reserve and the FDIC agreed to share 

potential losses on a $118 billion pool of financial instruments owned by Bank of 

America, consisting of securities backed by residential and commercial real 

estate loans and corporate debt and derivative transactions that reference such 

securities, loans and associated hedges. 

 

• Bank of America agreed to absorb all eligible losses in the pool up to $10 billion. 

Treasury and the FDIC agreed to share eligible losses in the pool in excess of 

that amount, up to $10 billion, with Treasury’s share capped at $7.5 billion. All 

further losses were to be shared 90% by the Federal Reserve and 10% by Bank 

of America. 

• Bank of America has stated that it does not intend to use the guarantee and no 

final documentation has been entered into. 
Description of TARP Programs – Automotive Industry Financing 

Program 

23 

What is the AIFP?

The Automotive Industry Financing Program (AIFP) was developed in December 

2008 to prevent a significant disruption of the U.S. automotive industry, because the 

potential for such a disruption posed a systemic risk to financial market stability and 

would have had a negative effect on the economy. AIFP loans have helped to enable 

General Motors and Chrysler to go through orderly bankruptcies and emerge as more 

viable auto manufacturing companies. 

In the related Auto Supplier Support Program (ASSP), Treasury provides loans to 

ensure that auto suppliers receive compensation for their services and products, 

regardless of the condition of the auto companies that purchase their products. 

How does the AIFP work? 

• Treasury has provided approximately $76 billion in loans and equity investments 

to General Motors, GMAC, Chrysler, and Chrysler Financial. 

• Short-term funding was initially provided to GM and Chrysler on the condition that 

they develop plans to achieve long-term viability. In cooperation with the 

Administration, GM and Chrysler eventually developed satisfactory viability plans 

and underwent speedy restructurings: Chrysler’s business was restructured 

through the bankruptcy process in 42 days, and GM’s bankruptcy restructuring 

process lasted 40 days. Treasury provided additional assistance during the 

respective periods. 

• The terms of the assistance impose a number of restrictions on the recipients. 

Among other things, they must adhere to rigorous executive compensation 

standards and other measures to protect the taxpayer’s interests, including limits 

on the institution’s expenditures and other corporate governance requirements. 

See the next pages to learn how AIFP has helped each participating company. 
Description of TARP Programs – Automotive Industry Financing 

Program 

24 

Chrysler

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

viable restructuring plan. On March 30, the Administration determined that the business 

plan submitted by Chrysler failed to demonstrate viability and announced that in order 

for Chrysler to receive additional taxpayer funds, it needed to find a partner with whom it 

could establish a successful alliance. Chrysler made the determination that forming an 

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

Treasury continued to support Chrysler as it formed an alliance with Fiat. In connection 

with Chrysler’s bankruptcy proceedings filed on April 30, 2009, Treasury provided an 

additional $1.9 billion under a debtor-in-possession financing agreement to assist 

Chrysler in an orderly restructuring. On June 10, 2009, pursuant to a court-approved 

order, substantially all of Chrysler’s assets were sold to the newly formed entity, 

Chrysler Group LLC (New Chrysler). Treasury committed to loan $6.6 billion to New 

Chrysler in working capital funding, and New Chrysler has drawn $4.6 billion of this 

amount. 

As of August 31, 2009, Treasury owned 9.9% of the equity in New Chrysler, and was 

owed $5.1 billion of debt from New Chrysler. The original loans to Chrysler remain 

outstanding, but are reduced by $500 million of debt that was assumed by New 

Chrysler. Current equity ownership in New Chrysler is as follows: the Chrysler 

Voluntary Employee Benefit Association (VEBA) (67.7%), Fiat (20%), Treasury (9.9%) 

and the Government of Canada (2.5%). 

General Motors

On December 31, 2008, Treasury agreed to make loans of $13.4 billion to General 

Motors Corporation to fund working capital. Under the loan agreement, GM was also 

required to implement a viable restructuring plan by March 30. The first plan GM 

submitted failed to establish a credible path to viability, and the deadline was extended 

to June 1. Treasury loaned an additional $6 billion to fund GM during this period. To 

achieve an orderly restructuring, GM filed bankruptcy proceedings on June 1, 2009. 

Treasury provided $30.1 billion under a debtor-in-possession financing agreement to 

assist GM through the restructuring period. The new entity, General Motors Company 

(New GM), began operating on July 10, 2009, following its purchase of most of the 

assets of the Old GM. 

When the sale to New GM was completed on July 10, Treasury converted most of its 

loans to 60.8% of the common equity in the New GM and $2.1 billion in preferred stock. 

Treasury continues to hold loans in the amount of $7.1 billion. The New GM currently 

has the following ownership: Treasury (60.8%), GM Voluntary Employee Benefit 

Association (VEBA) (17.5%), the Canadian Government (11.7%), and Old GM’s 

unsecured bondholders (10%). 
Description of TARP Programs – Automotive Industry Financing 

Program 

25 

Chrysler Financial

On January 16, 2009, Treasury announced that it would lend up to $1.5 billion to a 

special purpose vehicle created by Chrysler Financial to enable Chrysler Financial to 

finance the purchase of Chrysler vehicles by consumers. To satisfy the EESA warrant 

requirement, the Chrysler Financial special purpose vehicle issued additional notes 

entitling Treasury to an amount equal to 5 percent of the maximum loan amount. 

Twenty percent of those notes vested upon the closing of the transaction, and additional 

notes were to vest on each anniversary of the transaction closing date. The loan was 

fully drawn by April 9, 2009. On July 14, 2009, Chrysler Financial fully repaid the loan, 

including the vested additional notes and interest. 

GMAC

On December 29, 2008, Treasury purchased $5 billion in senior preferred equity from 

GMAC LLC, and received an additional $250 million in preferred shares through 

warrants that Treasury exercised at closing. At the same time, Treasury also agreed to 

lend up to $1 billion of TARP funds to GM (one of GMAC’s owners), to enable GM to 

purchase additional ownership interests in GMAC’s rights offering. GM drew $884 

million under that commitment on January 16, 2009. On May 21, 2009, Treasury 

purchased $7.5 billion more of preferred shares from GMAC and received warrants that 

Treasury exercised at closing for an additional $375 million in preferred shares. 

On May 29, 2009, Treasury exercised its option to exchange the $884 million loan it had 

made to GM in January 2009 for about 35 percent of the common membership interests 

in GMAC. As of August 31, 2009, Treasury owns $13.1 billion in preferred shares in 

GMAC, through purchases and the exercise of warrants, in addition to 35% of the 

common equity in GMAC. At the option of the Federal Reserve, it is possible that 

additional preferred shares could be converted in the future to permit GMAC to increase 

its tangible common capital ratio; if all of such preferred shares were converted, 

Treasury would own up to a maximum of a 79.8% voting interest in GMAC. 
Description of TARP Programs – Consumer and Business Lending 

Initiative (TALF and Small Business) 

26 

What is the TALF? 

The Term Asset-Backed Securities Loan Facility (TALF) is a lending facility operated 

by the Federal Reserve Bank of New York (FRBNY). The FRBNY provides term nonrecourse loans collateralized by AAA-rated asset-backed securities (ABS) backed by 

new or recently originated auto loans, student loans, credit card loans, small business 

loans, and commercial mortgage loans, including legacy commercial mortgage loans. 

Treasury provides credit support for TALF as part of Treasury’s Consumer and Business 

Lending Initiative. 

How does the TALF work? 

• Once each month investors can request the FRBNY to make loans secured by 

eligible consumer or small business ABS. Assuming that the borrower and the 

ABS it plans to pledge as collateral meet Federal Reserve requirements, the 

investor will receive the requested funding. Most borrowers use the loan, 

together with their own funds, to purchase the ABS that serves as collateral for 

the TALF loans. 

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

collateral and sell the collateral to a special purpose vehicle (SPV) established 

specifically for the purpose of purchasing and managing such assets. The SPV is 

funded, in part, by a $20 billion subordinated loan commitment from Treasury. 

• The first TALF subscription took place on March 19, 2009 and there have been 

five subsequent monthly ABS subscriptions to date. A total of $53.8 billion of new 

TALF-eligible ABS has been brought to market. Of that amount, approximately 

62% or $33.1 billion was financed using TALF loans. 

 

• On August 17, 2009, Treasury and the FRBNY announced the extension of the 

TALF for newly-issued ABS and legacy commercial mortgage backed securities 

(CMBS) through March 31, 2010. In addition, TALF will make loans against 

newly issued CMBS through June 30, 2010. There were no further additions to 

the types of collateral eligible for the TALF. 

What is the Small Business and Community Lending Initiative? 

• Under the Small Business and Community Lending Initiative to ensure that credit 

flows to entrepreneurs and small business owners, Treasury is taking measures 

to complement the Administration’s actions to help small businesses recover and 

grow, including several tax cuts under the American Recovery and Reinvestment 

Act and a temporary increase in the Small Business Administration (SBA) 

guarantee for certain types of loans. Treasury has announced a program to 

purchase in the secondary market securities that are backed by the SBAguaranteed portions of loans originated under section 7(a) of the Small Business 

Act. 
Description of TARP Programs – Public-Private Investment Program 

What is the Public-Private Investment Program? 

The Legacy Securities Public-Private Investment Program (S-PPIP) is intended to 

address the problem of legacy real estate-related assets, support market functioning 

and facilitate price discovery in the market for mortgage-backed securities (MBS), 

allowing banks and other financial institutions to re-deploy capital and extend new credit 

to households and businesses. Both residential and commercial MBS are pools of 

mortgages bundled together by financial institutions. Rights to receive a portion of the 

cash generated by the pools are sold as securities in the financial markets, in the same 

way a stock or bond would be sold in financial markets. 

The Public-Private Investment Program was announced as part of the Financial Stability 

Plan, which also included a program for legacy loans, to be administered by the FDIC. 

That program is still under development. 

How does the Legacy Securities PPIP work? 

• Treasury will partner with selected fund management firms to purchase MBS 

under the S-PPIP. 

• Treasury provides equity as well as debt financing to special purpose entities to 

be formed by the managers. Treasury will provide one-half of the equity 

investment; the remainder must be raised by the fund manager from private 

sources. Treasury also will make a loan to each special purpose entity. The loan 

will earn interest and must be repaid at the end of the life of the fund. 

• The equity investment, together with warrants to be received by Treasury, 

ensures that if these special purpose entities perform well, the U.S. treasury will 

benefit from the upside of the performance. 

• The S-PPIP is designed to help the financial system recover by encouraging 

institutions that hold mortgage-backed securities to sell them, thereby freeing up 

their capital for other purposes. 

Legacy Securities PPIP Fund Managers 

Following a comprehensive two-month application, evaluation and selection process, 

during which Treasury received over 100 unique applications to participate in the 

Legacy Securities PPIP, in July 2009, Treasury pre-qualified the following firms to 

participate as fund managers in the initial round of the program: 

• AllianceBernstein, LP and its sub-advisors Greenfield Partners, LLC and Rialto 

Capital Management, LLC 

• Angelo, Gordon & Co., L.P. and GE Capital Real Estate 

• BlackRock, Inc. 

27 
Description of TARP Programs – Public-Private Investment Program 

28 

• Invesco Ltd. 

• Marathon Asset Management, L.P. 

• Oaktree Capital Management, L.P. 

• RLJ Western Asset Management, LP. 

• The TCW Group, Inc. 

• Wellington Management Company, LLP 

S-PPIP Progress

Treasury is working with the S-PPIP fund managers to develop the program, and the 

fund managers are raising the required private capital. The program is expected to 

launch with the first closings in late September. 

Treasury expects to provide approximately $30 billion in equity and debt financing to the 

special purpose entities formed by fund managers in the initial phase of S-PPIP. 

 
Description of TARP Programs – Making Home Affordable 

What is the Home Affordable Modification Program? 

The Home Affordable Modification Program (HAMP) is designed to give up to 3 to 4 

million homeowners an opportunity to reduce their monthly mortgage payments to more 

affordable levels. Through HAMP, $75 billion is being committed to keep Americans in 

their homes by preventing avoidable foreclosures. HAMP includes both GSE and nonGSE mortgages. GSE stands for “government sponsored enterprise” and in this report 

refers to Fannie Mae and Freddie Mac. 

• $50 billion of TARP funds will be used primarily to encourage the modification of 

non-GSE mortgages that financial institutions own and hold in their portfolios 

(whole loans) and mortgages held in private-label securitization trusts. 

• Fannie Mae and Freddie Mac will provide up to an additional $25 billion to 

encourage servicers and borrowers to modify loans through HAMP that are 

owned or guaranteed by the two GSEs. 

How does the HAMP work? 

• Homeowners participating in HAMP work with HUD-certified housing counselors 

and mortgage servicers to have their monthly first lien mortgage payments 

adjusted to no more than 31 percent of monthly gross income. In other words, 

HAMP is designed to enable responsible homeowners to stay in their homes by 

reducing mortgage payments to an affordable level. 

29 
Description of TARP Programs – SCAP and CAP 

What are SCAP and CAP? 

The Supervisory Capital Assessment Program (SCAP) and Capital Assistance 

Program (CAP) are important components of the Financial Stability Plan to help ensure 

that banks have a sufficient capital cushion in a more adverse economic scenario. 

SCAP is a comprehensive capital assessment exercise for the largest 19 U.S. bank 

holding companies and a complement to the CAP. The SCAP assessments, or “stress 

tests,” are the most comprehensive, forward-looking review of the largest U.S. banks. 

How does SCAP work? 

Federal banking supervisors conducted forward-looking assessments to provide the 

transparency necessary for individuals and markets to judge the strength of the banking 

system. Results of the stress tests were released on May 7, 2009. 

Some banks were required to take steps to improve the quality and/or the quantity of 

their capital to give them a larger cushion to support future lending even if the economy 

performs worse than expected. Banks have a range of options to raise capital in the 

private markets, including common equity offerings, asset sales and the conversion of 

other forms of capital into common equity. If these options are not sufficient, they can 

request additional capital from the government through CAP. Financial institutions must 

submit a detailed capital plan to supervisors, who will consult with Treasury on the 

development and evaluation of the plan. Any bank needing to augment its capital buffer 

at the conclusion of the SCAP was required to develop a detailed capital plan by June 

8, 2009, and has until November 9, 2009 to implement that capital plan. 

How does CAP work?

In cases in which the SCAP indicated that an additional capital buffer was warranted, 

institutions have an opportunity to turn first to private sources of capital, but are also 

eligible to receive government capital via investment available immediately through the 

CAP. Eligible U.S. banks that did not participate in the SCAP may apply to their primary 

federal regulator to receive capital under the CAP. 

Capital provided under CAP will be in the form of a preferred security that is convertible 

into common equity. CAP securities will carry a 9 percent dividend yield. 

30 
How Treasury Exercises its Voting Rights 

31 

The Obama Administration has stated that core principles will guide Treasury’s 

management of financial interests in private firms. One such principle is that the United 

States government will not interfere with or exert control over day-to-day company 

operations and, in the event the government obtains ownership interests, it will vote only 

on key governance issues. These core principles also include Treasury's commitment to 

seek to dispose of its ownership interests as soon as practicable. Treasury will follow 

these principles in a manner consistent with the obligation to promote the liquidity and 

stability of the financial system. 

Treasury does not participate in the day-to-day management of any company in which it 

has an investment nor is any Treasury employee a director of any such company. 

Treasury’s investments have generally been in the form of non-voting securities or 

loans. For example, the preferred shares that Treasury holds in financial institutions 

under the Capital Purchase Program do not have voting rights except in certain limited 

circumstances, such as amendments to the charter of the company, or in the event 

dividends are not paid for several quarters, in which case Treasury has the right to elect 

two directors to the board. 

 

Treasury holds common stock in a few companies, including the new General Motors, 

the new Chrysler, and Citigroup. In those cases, Treasury has announced that it will 

follow the following principles in exercising its voting rights: 

Governance Principles for Citigroup 

1) Treasury will exercise its right to vote only on certain matters consisting of: 

• the election or removal of directors; 

• certain major corporate transactions such as mergers, sales of substantially 

all assets, and dissolution; 

• issuances of equity securities where shareholders are entitled to vote; and 

• amendments to the charter or bylaws. 

2) On all other matters, Treasury will vote its shares in the same proportion (for, 

against or abstain) as all other shares of the company's stock are voted. 

These principles are set forth in an agreement between Treasury and Citigroup. 

Governance Principles for GM

Before GM’s expected initial public offering (IPO), Treasury will vote its shares as it 

determines, provided that it will vote in favor of directors nominated by the GM Voluntary 

Employee Benefit Association (VEBA) or the government of Canada, each of which is 

also a shareholder. After the IPO, the following voting principles will apply: 
How Treasury Exercises its Voting Rights 

32 

1) Treasury will exercise its right to vote only on certain matters consisting of: 

• the removal of directors; 

• the election of directors, provided that Treasury will vote in favor of individuals 

nominated through a certain pre-designated process, and individuals 

nominated by VEBA; 

• certain major corporate transactions such as mergers, sales of substantially 

all assets, and dissolution; 

• amendments to the charter or bylaws; and 

• matters in which Treasury’s vote is necessary for the stockholders to take 

action, in which case the shares will be voted in the same proportion (for, 

against or abstain) as all other shares of the company’s stock are voted. 

2) On all other matters, Treasury will not vote its shares. 

These principles are set forth in the GM Stockholders Agreement. 

Governance of AIG

In the case of AIG, the U.S. Treasury is the beneficiary of a trust created by the Federal 

Reserve Bank of New York (FRBNY). That trust owns shares having 79.8% of the 

voting rights of the common stock. The FRBNY has appointed three independent 

trustees who have the power to vote the stock and dispose of the stock with prior 

approval of FRBNY and after consultation with Treasury. The trust agreement provides 

that the trustees cannot be employees of Treasury or the FRBNY. The trust exists for 

the benefit of the U.S. Treasury, and the Department of the Treasury does not control 

the trust and it cannot direct the trustees. Treasury owns preferred stock which does not 

have voting rights except in certain limited circumstances (such as amendments to the 

charter) or in the event dividends are not paid for four quarters, in which case Treasury 

has the right to elect two directors to the board. 
Appendix 2 – Financial Statement 

Attached as Appendix 2 is the financial statement required under Sections 105(a)(2) 

and (3) of EESA for the period ending August 31, 2009. 

33 
Budget

Object Class 

(BOC) Budget Object Class Title Obligations Expenditures

Pr

Ob

PERSONNEL SERVICES 1100 & 1200 PERSONNEL COMPENSATION & BENEFITS $12,069,576 $11,370,412 

PERSONNEL SERVICES Total: $12,069,576 $11,370,412 

2100 TRAVEL & TRANSPORTATION OF PERSONS $211,474 $166,095 2200 TRANSPORTATION OF THINGS 24,160 9,814 

 

2300 RENTS, COMMUNICATIONS, UTILITIES & MISC CHARGES 112,656 40,952 

 

2400 PRINTING & REPRODUCTION 395 395 

 

2500 OTHER SERVICES 67,188,830 31,187,632 

 

2600 SUPPLIES AND MATERIALS 112,328 112,328 

 

3100 EQUIPMENT 223,296 219,066 

 

3200 LAND & STRUCTURES - - 

 

NON-PERSONNEL SERVICES Total: $67,873,139 $31,736,281 

GRAND TOTAL: $79,942,715 $43,106,693 $

United States Department of Treasury

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending 

August 31, 2009 

NON-PERSONNEL SERVICES
U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending August 31, 2009

Date

Approved Type of 

or Renewed Transaction Vendor Purpose

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

10/11/2008 BPA EnnisKnupp Investment and Advisory Services

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

10/16/2008 BPA PricewaterhouseCoopers Internal Control Services

10/18/2008 BPA Ernst & Young Accounting Services

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

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

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

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

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

11/14/2008 IAA Securities and Exchange Commission Detailees

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

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

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

12/5/2008 Procurement Washington Post Vacancy Announcement

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

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

12/15/2008 IAA Office of Thrift Supervision Detailees

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

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

1/6/2009 IAA State Department Detailees

1/7/2009 Procurement Colonial Parking Parking 

1/9/2009 IAA Internal Revenue Service Detailees

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

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

2/2/2009 IAA Government Accountability Office Oversight

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

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

2/18/2009 Financial Agent Freddie Mac Homeownership Program

2/18/2009 2/18/2009 Financial Agent Fannie Mae Homeownership omeownership Program

2/20/2009 IAA Congressional Oversight Panel Oversight

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

2/22/2009 Contract Venable LLP Legal Services

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

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

3/23/2009 Procurement Heery International Inc. Architects

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

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

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

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

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

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

4/17/2009 Procurement Herman Miller Office Furniture 

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

4/21/2009 Financial Agent AllianceBernstein Asset Management Services

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

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

5/4/2009 IAA Federal Reserve Detailee

5/14/2009 Contract Phacil* FOIA Services

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

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

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

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

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

6/8/2009 IAA Department of Treasury - Financial Management IT Services

6/29/2009 IAA Department of Interior Website Testing

7/15/2009 Contract Judicial Watch Legal Advisory

7/17/2009 Contract Korn Ferry International Administrative Support

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

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

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

8/11/2009 IAA NASA Detailee

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

**Contract responsibilities assumed by Sonnenschein Nath & Rosenthal via novation.
U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending August 31, 2009

Name Amount

Citigroup $5,000,000,000

The subsidy rate for this insurance contract is determined 

to be -0.25 percent. Per EESA section 102(c)(3), 

premiums shall be set at a level necessary to meet 

anticipated claims. To ensure that the guarantee remains 

compliant with section 102(c)(3), the Master Agreement 

provides for post-signing adjustments including additional 

Citigroup preferred stock, a reduction of the covered asset 

pool, and/or an increased Citigroup deductible (section 5.2 

of the Master Agreement). Under this section of the 

agreement, the subsidy rate will be reassessed once the 

loan pools are finalized and details are provided to 

Treasury (changes in the composition of assets are 

expected) expected). Citigroup must either transfer more must either transfer more preferred referred 

stock or absorb more in first losses (it is unlikely the size of 

the asset pool would be reduced), if it is found that the 

risks of the assets in the loan pool exceed those estimated 

today and would not meet the requirements of EESA 

section 102(c)(3). This “true-up” would occur over the next 

3 months.
U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending August 31, 2009

Type of Expense/Liability Amount 

None

Note: Treasury interprets this reporting requirement as 

applicable to costs and liabilities related to insurance contracts 

entered into under the provisions of section 102 of the EESA; 

and the single insurance contract with Citigroup is structured 

such that no costs are anticipated, i.e. the currently 

anticipated cash inflows of the contract slightly exceed 

anticipated cash outflows.
U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

Programmatic Operating Expenses [Section 105(a)(3)(F)]

For Period Ending August 31, 2009

Type of Expense Amount

Compensation for financial agents 

and legal firms $96,392,720
U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending August 31, 2009

Date Vehicle Description

None
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

10/28/2008 Bank of America Corporation Charlotte NC Preferred Stock w/ Warrants 15,000,000,000 $ Par 10/28/2008 The Bank of New York Mellon Corporation New York NY Preferred Stock w/ Warrants 3,000,000,000 $ Par 6/17/

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

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

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

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

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

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

U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

For Period Ending August 31, 2009

CAPITAL PURCHASE PROGRAM

Footnote

Purchase Date 

Seller Purchase Details Cap

Cap

Repayme

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

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

11/14/2008 UCBH Holdings, Inc. San Francisco CA Preferred Stock w/ Warrants 298,737,000 $ Par 11/14/2008 Northern Trust Corporation Chicago IL Preferred Stock w/ Warrants 1,576,000,000 $ Par 6/17/

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

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

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

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

11/14/2008 Provident Bancshares Corp. Baltimore MD Preferred Stock w/ Warrants 151,500,000 $ Par 11/14/2008 Umpqua Holdings Corp. Portland OR Preferred Stock w/ Warrants 214,181,000 $ Par 11/14/2008 Comerica Inc. Dallas TX Preferred Stock w/ Warrants 2,250,000,000 $ Par 11/14/2008 Regions Financial Corp. Birmingham AL Preferred Stock w/ Warrants 3,500,000,000 $ Par 

11/14/2008 Capital One Financial Corporation McLean VA Preferred Stock w/ Warrants 3,555,199,000 $ Par 6/17/

11/14/2008 First Horizon National Corporation Memphis TN Preferred Stock w/ Warrants 866,540,000 $ Par 11/14/2008 Huntington Bancshares Columbus OH Preferred Stock w/ Warrants 1,398,071,000 $ Par 11/14/2008 KeyCorp Cleveland OH Preferred Stock w/ Warrants 2,500,000,000 $ Par 11/14/2008 Valley National Bancorp Wayne NJ Preferred Stock w/ Warrants 300,000,000 $ Par 6/3/11/14/2008 Zions Bancorporation Salt Lake City UT Preferred Stock w/ Warrants 1,400,000,000 $ Par 

11/14/2008 Marshall & Ilsley Corporation Milwaukee WI Preferred Stock w/ Warrants 1,715,000,000 $ Par 11/14/2008 U.S. Bancorp Minneapolis MN Preferred Stock w/ Warrants 6,599,000,000 $ Par 6/17/

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

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

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

11/21/2008 Centerstate Banks of Florida Inc. Davenport FL Preferred Stock w/ Warrants 27,875,000 $ Par 11/21/2008 City National Corporation Beverly Hills CA Preferred Stock w/ Warrants $ Par 400,000,000

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

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

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

11/21/2008 Pacific Capital Bancorp Santa Barbara CA Preferred Stock w/ Warrants 180,634,000 $ Par 11/21/2008 Heritage Commerce Corp. San Jose CA Preferred Stock w/ Warrants 40,000,000 $ Par 11/21/2008 Ameris Bancorp Moultrie GA Preferred Stock w/ Warrants 52,000,000 $ Par 11/21/2008 Porter Bancorp Inc. Louisville KY Preferred Stock w/ Warrants 35, $ Par 000,000

11/21/2008 Banner Corporation Walla Walla WA Preferred Stock w/ Warrants 124,000,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Footnote

Purchase Date 

Seller Purchase Details Cap

Cap

Repayme

11/21/2008 Cascade Financial Corporation Everett WA Preferred Stock w/ Warrants 38,970,000 $ Par 11/21/2008 Columbia Banking System, Inc. Tacoma WA Preferred Stock w/ Warrants 76,898,000 $ Par 11/21/2008 Heritage Financial Corporation Olympia WA Preferred Stock w/ Warrants 24,000,000 $ Par 

11/21/2008 First PacTrust Bancorp, Inc. Chula Vista CA Preferred Stock w/ Warrants 19,300,000 $ Par 11/21/2008 Severn Bancorp, Inc. Annapolis MD Preferred Stock w/ Warrants 23,393,000 $ Par 

11/21/2008 Boston Private Financial Holdings, Inc. Boston MA Preferred Stock w/ Warrants 154,000,000 $ Par 11/21/2008 Associated Banc-Corp Green Bay WI Preferred Stock w/ Warrants 525,000,000 $ Par 

11/21/2008 Trustmark Corporation Jackson MS Preferred Stock w/ Warrants 215,000,000 $ Par 11/21/2008 First Community Corporation Lexington SC Preferred Stock w/ Warrants 11,350,000 $ Par 

11/21/2008 Taylor Capital Group Rosemont IL Preferred Stock w/ Warrants 104,823,000 $ Par 11/21/2008 Nara Bancorp, Inc. Los Angeles CA Preferred Stock w/ Warrants 67,000,000 $ Par 

12/5/2008 Midwest Banc Holdings, Inc. Melrose Park IL Preferred Stock w/ Warrants 84,784,000 $ Par 12/5/2008 MB Financial Inc. Chicago IL Preferred Stock w/ Warrants 196,000,000 $ Par 

12/5/2008 First Midwest Bancorp, Inc. Itasca IL Preferred Stock w/ Warrants 193,000,000 $ Par 12/5/2008 United Community Banks, Inc. Blairsville GA Preferred Stock w/ Warrants $ Par 180,000,000

12/5/2008 Wesbanco Bank Inc. Wheeling WV Preferred Stock w/ Warrants 75,000,000 $ Par 

12/5/2008 Encore Bancshares Inc. Houston TX Preferred Stock w/ Warrants 34,000,000 $ Par 12/5/2008 Manhattan Bancorp El Segundo CA Preferred Stock w/ Warrants 1,700,000 $ Par 

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

12/5/2008 Eagle Bancorp, Inc. Bethesda MD Preferred Stock w/ Warrants 38,235,000 $ Par 12/5/2008 Sandy Spring Bancorp, Inc. Olney MD Preferred Stock w/ Warrants 83,094,000 $ Par 

12/5/2008 Coastal Banking Company, Inc. Fernandina Beach FL Preferred Stock w/ Warrants 9,950,000 $ Par 12/5/2008 East West Bancorp Pasadena CA Preferred Stock w/ Warrants 306,546,000 $ Par 12/5/2008 South Financial Group, Inc. Greenville SC Preferred Stock w/ Warrants $ Par 347,000,000

12/5/2008 Great Southern Bancorp Springfield MO Preferred Stock w/ Warrants 58,000,000 $ Par 

12/5/2008 Cathay General Bancorp Los Angeles CA Preferred Stock w/ Warrants 258,000,000 $ Par 

12/5/2008 Southern Community Financial Corp. Winston-Salem NC Preferred Stock w/ Warrants 42,750,000 $ Par 12/5/2008 CVB Financial Corp Ontario CA Preferred Stock w/ Warrants 130,000,000 $ Par 8/26/

12/5/2008 First Defiance Financial Corp. Defiance OH Preferred Stock w/ Warrants 37,000,000 $ Par 12/5/2008 First Financial Holdings Inc. Charleston SC Preferred Stock w/ Warrants 65,000,000 $ Par 12/5/2008 Superior Bancorp Inc. Birmingham AL Preferred Stock w/ Warrants 69,000,000 $ Par 

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

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

12/5/2008 Blue Valley Ban Corp Overland Park KS Preferred Stock w/ Warrants 21,750,000 $ Par 12/5/2008 Central Federal Corporation Fairlawn OH Preferred Stock w/ Warrants 7,225,000 $ Par 12/5/2008 Bank of Marin Bancorp Novato CA Preferred Stock w/ Warrants 28,000,000 $ Par 3/31/

12/5/2008 Bank of North Carolina Thomasville NC Preferred Stock w/ Warrants 31, $ Par 260,00012/5/2008 Central Bancorp, Inc. Somerville MA Preferred Stock w/ Warrants 10, $ Par 000,00012/5/2008 Southern Missouri Bancorp, Inc. Poplar Bluff MO Preferred Stock w/ Warrants 9,550,000 $ Par 12/5/2008 State Bancorp, Inc. Jericho NY Preferred Stock w/ Warrants 36,842,000 $ Par 12/5/2008 TIB Financial Corp Naples FL Preferred Stock w/ Warrants 37,000,000 $ Par 

12/5/2008 Unity Bancorp, Inc. Clinton NJ Preferred Stock w/ Warrants 20,649,000 $ Par 12/5/2008 Old Line Bancshares, Inc. Bowie MD Preferred Stock w/ Warrants 7,000,000 $ Par 7/15/

12/5/2008 FPB Bancorp, Inc. Port St. Lucie FL Preferred Stock w/ Warrants 5,800,000 $ Par 12/5/2008 Sterling Financial Corporation Spokane WA Preferred Stock w/ Warrants 303,000,000 $ Par 12/5/2008 Oak Valley Bancorp Oakdale CA Preferred Stock w/ Warrants 13,500,000 $ Par 

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

100,000,000 

12/12/2008 Capital Bank Corporation Raleigh NC Preferred Stock w/ Warrants 41,279,000 $ Par 

12/12/2008 Pacific International Bancorp Seattle WA Preferred Stock w/ Warrants 6,500,000 $ Par 12/12/2008 SVB Financial Group Santa Clara CA Preferred Stock w/ Warrants 235,000,000 $ Par 12/12/2008 LNB Bancorp Inc. Lorain OH Preferred Stock w/ Warrants 25,223,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Footnote

Purchase Date 

Seller Purchase Details Cap

Cap

Repayme

12/12/2008 Wilmington Trust Corporation Wilmington DE Preferred Stock w/ Warrants 330,000,000 $ Par 

12/12/2008 Susquehanna Bancshares, Inc Lititz PA Preferred Stock w/ Warrants 300,000,000 $ Par 12/12/2008 Signature Bank New York NY Preferred Stock w/ Warrants 120,000,000 $ Par 3/31/

12/12/2008 HopFed Bancorp Hopkinsville KY Preferred Stock w/ Warrants 18, $ Par 400,000

12/12/2008 Citizens Republic Bancorp, Inc. Flint MI Preferred Stock w/ Warrants 300,000,000 $ Par 12/12/2008 Indiana Community Bancorp Columbus IN Preferred Stock w/ Warrants 21,500,000 $ Par 12/12/2008 Bank of the Ozarks, Inc. Little Rock AR Preferred Stock w/ Warrants 75,000,000 $ Par 12/12/2008 Center Financial Corporation Los Angeles CA Preferred Stock w/ Warrants 55,000,000 $ Par 

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

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

12/12/2008 TowneBank Portsmouth VA Preferred Stock w/ Warrants 76,458,000 $ Par 12/12/2008 Wilshire Bancorp, Inc. Los Angeles CA Preferred Stock w/ Warrants 62,158,000 $ Par 12/12/2008 Valley Financial Corporation Roanoke VA Preferred Stock w/ Warrants 16,019,000 $ Par 12/12/2008 Independent Bank Corporation Ionia MI Preferred Stock w/ Warrants 72,000,000 $ Par 12/12/2008 Pinnacle Financial Partners, Inc. Nashville TN Preferred Stock w/ Warrants 95, $ Par 000,000

12/12/2008 First Litchfield Financial Corporation Litchfield CT Preferred Stock w/ Warrants 10,000,000 $ Par 12/12/2008 National Penn Bancshares, Inc. Boyertown PA Preferred Stock w/ Warrants 150,000,000 $ Par 

12/12/2008 12/12/2008 Northeast Bancorp Northeast Bancorp Lewiston Lewiston ME Preferred Stock w/ Warrants Preferred Stock w/ Warrants $ 4 227 000 4,227,000 Par 

12/12/2008 Citizens South Banking Corporation Gastonia NC Preferred Stock w/ Warrants 20,500,000 $ Par 12/12/2008 Virginia Commerce Bancorp Arlington VA Preferred Stock w/ Warrants 71,000,000 $ Par 

12/12/2008 Fidelity Bancorp, Inc. Pittsburgh PA Preferred Stock w/ Warrants 7,000,000 $ Par 

12/12/2008 LSB Corporation North Andover MA Preferred Stock w/ Warrants 15,000,000 $ Par 12/19/2008 Intermountain Community Bancorp Sandpoint ID Preferred Stock w/ Warrants 27,000,000 $ Par 12/19/2008 Community West Bancshares Goleta CA Preferred Stock w/ Warrants 15,600,000 $ Par 12/19/2008 Synovus Financial Corp. Columbus GA Preferred Stock w/ Warrants 967,870,000 $ Par 12/19/2008 Tennessee Commerce Bancorp, Inc. Franklin TN Preferred Stock w/ Warrants 30,000,000 $ Par 12/19/2008 Community Bankers Trust Corporation Glen Allen VA Preferred Stock w/ Warrants 17,680,000 $ Par 12/19/2008 BancTrust Financial Group, Inc. Mobile AL Preferred Stock w/ Warrants 50,000,000 $ Par 

12/19/2008 Enterprise Financial Services Corp. St. Louis MO Preferred Stock w/ Warrants 35,000,000 $ Par 12/19/2008 Mid Penn Bancorp, Inc. Millersburg PA Preferred Stock w/ Warrants 10,000,000 $ Par 

12/19/2008 Summit State Bank Santa Rosa CA Preferred Stock w/ Warrants 8,500,000 $ Par 12/19/2008 VIST Financial Corp. Wyomissing PA Preferred Stock w/ Warrants 25,000,000 $ Par 

12/19/2008 Wainwright Bank & Trust Company Boston MA Preferred Stock w/ Warrants 22,000,000 $ Par 12/19/2008 Whitney Holding Corporation New Orleans LA Preferred Stock w/ Warrants 300,000,000 $ Par 12/19/2008 The Connecticut Bank and Trust Company Hartford CT Preferred Stock w/ Warrants 5,448,000 $ Par 12/19/2008 CoBiz Financial Inc. Denver CO Preferred Stock w/ Warrants 64,450,000 $ Par 12/19/2008 Santa Lucia Bancorp Atascadero CA Preferred Stock w/ Warrants 4,000,000 $ Par 

12/19/2008 Seacoast Banking Corporation of Florida Stuart FL Preferred Stock w/ Warrants 50,000,000 $ Par 12/19/2008 Horizon Bancorp Michigan City IN Preferred Stock w/ Warrants 25,000,000 $ Par 

12/19/2008 Fidelity Southern Corporation Atlanta GA Preferred Stock w/ Warrants 48,200,000 $ Par 

12/19/2008 Community p Financial Corporation Staunton VA Preferred Stock w/ Warrants 12,643,000 $ Par , ,

12/19/2008 Berkshire Hills Bancorp, Inc. Pittsfield MA Preferred Stock w/ Warrants 40, $ Par 5/27/

000,000 

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

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

12/19/2008 Wintrust Financial Corporation Lake Forest IL Preferred Stock w/ Warrants 250,000,000 $ Par 12/19/2008 Flushing Financial Corporation Lake Success NY Preferred Stock w/ Warrants 70,000,000 $ Par 12/19/2008 Monarch Financial Holdings, Inc. Chesapeake VA Preferred Stock w/ Warrants 14,700,000 $ Par 12/19/2008 StellarOne Corporation Charlottesville VA Preferred Stock w/ Warrants 30, $ Par 000,000

12/19/2008 Union Bankshares Corporation Bowling Green VA Preferred Stock w/ Warrants 59,000,000 $ Par 

12/19/2008 Tidelands Bancshares, Inc Mt. Pleasant SC Preferred Stock w/ Warrants 14,448,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Footnote

Purchase Date 

Seller Purchase Details Cap

Cap

Repayme

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

12/19/2008 Hawthorn Bancshares, Inc. Lee's Summit MO Preferred Stock w/ Warrants 30,255,000 $ Par 12/19/2008 The Elmira Savings Bank, FSB Elmira NY Preferred Stock w/ Warrants 9,090,000 $ Par 12/19/2008 Alliance Financial Corporation Syracuse NY Preferred Stock w/ Warrants 26,918,000 $ Par 5/13/12/19/2008 Heartland Financial USA, Inc. Dubuque IA Preferred Stock w/ Warrants 81,698,000 $ Par 12/19/2008 Citizens First Corporation Bowling Green KY Preferred Stock w/ Warrants 8,779,000 $ Par 

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

2 12/19/2008 Marquette National Corporation Chicago IL Preferred Stock w/ Exercised Warrants 35,500,000 $ Par 

2 12/19/2008 Exchange Bank Santa Rosa CA Preferred Stock w/ Exercised Warrants 43,000,000 $ Par 2 12/19/2008 Monadnock Bancorp, Inc. Peterborough NH Preferred Stock w/ Exercised Warrants 1,834,000 $ Par 

2 12/19/2008 Bridgeview Bancorp, Inc. Bridgeview IL Preferred Stock w/ Exercised Warrants 38,000,000 $ Par 

2 12/19/2008 Fidelity Financial Corporation Wichita KS Preferred Stock w/ Exercised Warrants 36,282,000 $ Par 2 12/19/2008 Patapsco Bancorp, Inc. Dundalk MD Preferred Stock w/ Exercised Warrants 6,000,000 $ Par 

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

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

12/23/2008 First Financial Bancorp Cincinnati OH Preferred Stock w/ Warrants 80,000,000 $ Par 12/23/2008 Bridge Capital Holdings San Jose CA Preferred Stock w/ Warrants 23,864,000 $ Par 12/23/2008 International Bancshares Corporation Laredo TX Preferred Stock w/ Warrants 216,000,000 $ Par 12/23/2008 First Sound Bank Seattle WA Preferred Stock w/ Warrants 7,400,000 $ Par 12/23/2008 M&T Bank Corporation Buffalo NY Preferred Stock w/ Warrants 600,000,000 $ Par 12/23/2008 Emclaire Financial Corp. Emlenton PA Preferred Stock w/ Warrants 7,500,000 $ Par 12/23/2008 Park National Corporation Newark OH Preferred Stock w/ Warrants 100,000,000 $ Par 12/23/2008 Green Bankshares, Inc. Greeneville TN Preferred Stock w/ Warrants 72, $ Par 278,000

12/23/2008 Cecil Bancorp, Inc. Elkton MD Preferred Stock w/ Warrants 11,560,000 $ Par 12/23/2008 Financial Institutions, Inc. Warsaw NY Preferred Stock w/ Warrants 37,515,000 $ Par 12/23/2008 Fulton Financial Corporation Lancaster PA Preferred Stock w/ Warrants 376,500,000 $ Par 12/23/2008 United Bancorporation of Alabama, Inc. Atmore AL Preferred Stock w/ Warrants 10,300,000 $ Par 

12/23/2008 MutualFirst Financial, Inc. Muncie IN Preferred Stock w/ Warrants 32,382,000 $ Par 12/23/2008 BCSB Bancorp, Inc. Baltimore MD Preferred Stock w/ Warrants 10,800,000 $ Par 12/23/2008 HMN Financial, Inc. Rochester MN Preferred Stock w/ Warrants 26,000,000 $ Par 12/23/2008 First Community Bank Corporation of America Pinellas Park FL Preferred Stock w/ Warrants 10,685,000 $ Par 12/23/2008 Sterling Bancorp New York NY Preferred Stock w/ Warrants 42,000,000 $ Par 12/23/2008 Intervest Bancshares Corporation New York NY Preferred Stock w/ Warrants 25,000,000 $ Par 12/23/2008 Peoples Bancorp of North Carolina, Inc. Newton NC Preferred Stock w/ Warrants 25,054,000 $ Par 12/23/2008 Parkvale Financial Corporation Monroeville PA Preferred Stock w/ Warrants 31, $ Par 762,000

12/23/2008 Timberland Bancorp, Inc. Hoquiam WA Preferred Stock w/ Warrants 16,641,000 $ Par 12/23/2008 1st Constitution Bancorp Cranbury NJ Preferred Stock w/ Warrants 12,000,000 $ Par $ , ,

12/23/2008 Central Jersey Bancorp Oakhurst NJ Preferred Stock w/ Warrants 11,300,000 $ Par 

2 12/23/2008 Western Illinois Bancshares Inc. Monmouth IL Preferred Stock w/ Exercised Warrants 6, $ Par 855,0002 12/23/2008 Saigon National Bank Westminster CA Preferred Stock w/ Exercised Warrants 1,549,000 $ Par 2 12/23/2008 Capital Pacific Bancorp Portland OR Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2 12/23/2008 Uwharrie Capital Corp Albemarle NC Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 

3 12/23/2008 Mission Valley Bancorp Sun Valley CA Preferred Stock 5,500,000 $ Par 

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

2 12/23/2008 Citizens Community Bank South Hill VA Preferred Stock w/ Exercised Warrants 3, $ Par 000,000

2 12/23/2008 Seacoast Commerce Bank Chula Vista CA Preferred Stock w/ Exercised Warrants 1,800,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Footnote

Purchase Date 

Seller Purchase Details Cap

Cap

Repayme

2 12/23/2008 TCNB Financial Corp. Dayton OH Preferred Stock w/ Exercised Warrants 2,000,000 $ Par 

2 12/23/2008 Leader Bancorp, Inc. Arlington MA Preferred Stock w/ Exercised Warrants 5,830,000 $ Par 

2 12/23/2008 Nicolet Bankshares, Inc. Green Bay WI Preferred Stock w/ Exercised Warrants 14,964,000 $ Par 

2 12/23/2008 Magna Bank Memphis TN Preferred Stock w/ Exercised Warrants 13,795,000 $ Par 2 12/23/2008 Western Community Bancshares, Inc. Palm Desert CA Preferred Stock w/ Exercised Warrants 7,290,000 $ Par 2 12/23/2008 Community Investors Bancorp, Inc. Bucyrus OH Preferred Stock w/ Exercised Warrants 2,600,000 $ Par 

2 12/23/2008 Capital Bancorp, Inc. Rockville MD Preferred Stock w/ Exercised Warrants 4, $ Par 700,000

2 12/23/2008 Cache Valley Banking Company Logan UT Preferred Stock w/ Exercised Warrants 4,767,000 $ Par 

2 12/23/2008 Citizens Bancorp Nevada City CA Preferred Stock w/ Exercised Warrants 10,400,000 $ Par 2 12/23/2008 Tennessee Valley Financial Holdings, Inc. Oak Ridge TN Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 

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

12/31/2008 SunTrust Banks, Inc. Atlanta GA Preferred Stock w/ Warrants 1,350,000,000 $ Par 

12/31/2008 The PNC Financial Services Group Inc. Pittsburgh PA Preferred Stock w/ Warrants 7,579,200,000 $ Par 

12/31/2008 Fifth Third Bancorp Cincinnati OH Preferred Stock w/ Warrants 3,408,000,000 $ Par 12/31/2008 Hampton Roads Bankshares, Inc. Norfolk VA Preferred Stock w/ Warrants 80,347,000 $ Par 12/31/2008 CIT Group Inc. New York NY Preferred Stock w/ Warrants 2,330,000,000 $ Par 12/31/2008 West Bancorporation, Inc. West Des Moines IA Preferred Stock w/ Warrants 36,000,000 $ Par 

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

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

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

1/9/2009 Farmers Capital Bank Corporation Frankfort KY Preferred Stock w/ Warrants 30,000,000 $ Par 1/9/2009 Peapack-Gladstone Financial Corporation Gladstone NJ Preferred Stock w/ Warrants 28,685,000 $ Par 1/9/2009 Commerce National Bank Newport Beach CA Preferred Stock w/ Warrants 5,000,000 $ Par 1/9/2009 The First Bancorp, Inc. Damariscotta ME Preferred Stock w/ Warrants 25,000,000 $ Par 1/9/2009 Sun Bancorp, Inc. Vineland NJ Preferred Stock w/ Warrants 89,310,000 $ Par 4/8/

1/9/2009 Crescent Financial Corporation Cary NC Preferred Stock w/ Warrants 24,900,000 $ Par 

1/9/2009 American Express Company New York NY Preferred Stock w/ Warrants 3,388,890,000 $ Par 6/17/

1/9/2009 Central Pacific Financial Corp. Honolulu HI Preferred Stock w/ Warrants 135,000,000 $ Par 1/9/2009 Centrue Financial Corporation St. Louis MO Preferred Stock w/ Warrants 32,668,000 $ Par 1/9/2009 Eastern Virginia Bankshares, Inc. Tappahannock VA Preferred Stock w/ Warrants 24,000,000 $ Par 1/9/2009 Colony Bankcorp, Inc. Fitzgerald GA Preferred Stock w/ Warrants 28,000,000 $ Par 

1/9/2009 Independent Bank Corp. Rockland MA Preferred Stock w/ Warrants 78,158,000 $ Par 4/22/

1/9/2009 Cadence Financial Corporation Starkville MS Preferred Stock w/ Warrants 44, $ Par 000,0001/9/2009 LCNB Corp. Lebanon OH Preferred Stock w/ Warrants 13,400,000 $ Par 1/9/2009 Center Bancorp, Inc. Union NJ Preferred Stock w/ Warrants 10,000,000 $ Par 1/9/2009 F.N.B. Corporation Hermitage PA Preferred Stock w/ Warrants 100,000,000 $ Par 

1/9/2009 C&F Financial Corporation West Point VA Preferred Stock w/ Warrants 20,000,000 $ Par 1/9/2009 North Central Bancshares, Inc. Fort Dodge IA Preferred Stock w/ Warrants 10,200,000 $ Par 

1/9/2009 Carolina Bank Holdings, Inc. Greensboro NC Preferred Stock w/ Warrants 16,000,000 $ Par 1/9/2009 First Bancorp Troy NC Preferred Stock w/ Warrants 65,000,000 $ Par 

1/9/2009 First Financial Service Corporation Elizabethtown KY Preferred Stock w/ Warrants 20,000,000 $ Par 1/9/2009 Codorus Valley p, Bancorp, Inc. York PA Preferred Stock w/ Warrants 16,500,000 $ Par $ , ,

1/9/2009 MidSouth Bancorp, Inc. Lafayette LA Preferred Stock w/ Warrants 20,000,000 $ Par 

1/9/2009 First Security Group, Inc. Chattanooga TN Preferred Stock w/ Warrants 33,000,000 $ Par 

1/9/2009 Shore Bancshares, Inc. Easton MD Preferred Stock w/ Warrants 25,000,000 $ Par 4/15/

2 1/9/2009 The Queensborough Company Louisville GA Preferred Stock w/ Exercised Warrants 12, $ Par 000,000

2 1/9/2009 American State Bancshares, Inc. Great Bend KS Preferred Stock w/ Exercised Warrants 6,000,000 $ Par 2 1/9/2009 Security California Bancorp Riverside CA Preferred Stock w/ Exercised Warrants 6,815,000 $ Par 2 1/9/2009 Security Business Bancorp San Diego CA Preferred Stock w/ Exercised Warrants 5,803,000 $ Par 

2 1/9/2009 Sound Banking Company Morehead City NC Preferred Stock w/ Exercised Warrants 3,070,000 $ Par 

3 1/9/2009 Mission Community Bancorp San Luis Obispo CA Preferred Stock 5,116,000 $ Par 2 1/9/2009 Redwood Financial Inc. Redwood Falls MN Preferred Stock w/ Exercised Warrants 2,995,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Footnote

Purchase Date 

Seller Purchase Details Cap

Cap

Repayme

2 1/9/2009 Surrey Bancorp Mount Airy NC Preferred Stock w/ Exercised Warrants 2,000,000 $ Par 

2 1/9/2009 Independence Bank East Greenwich RI Preferred Stock w/ Exercised Warrants 1,065,000 $ Par 2 1/9/2009 Valley Community Bank Pleasanton CA Preferred Stock w/ Exercised Warrants 5,500,000 $ Par 2 1/9/2009 Rising Sun Bancorp Rising Sun MD Preferred Stock w/ Exercised Warrants 5,983,000 $ Par 

2 1/9/2009 Community Trust Financial Corporation Ruston LA Preferred Stock w/ Exercised Warrants 24,000,000 $ Par 2 1/9/2009 GrandSouth Bancorporation Greenville SC Preferred Stock w/ Exercised Warrants 9, $ Par 000,0002 1/9/2009 Texas National Bancorporation Jacksonville TX Preferred Stock w/ Exercised Warrants 3, $ Par 981,000

2 1/9/2009 Congaree Bancshares, Inc. Cayce SC Preferred Stock w/ Exercised Warrants 3,285,000 $ Par 

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

1/16/2009 Home Bancshares, Inc. Conway AR Preferred Stock w/ Warrants 50,000,000 $ Par 

1/16/2009 Washington Banking Company Oak Harbor WA Preferred Stock w/ Warrants 26,380,000 $ Par 1/16/2009 New Hampshire Thrift Bancshares, Inc. Newport NH Preferred Stock w/ Warrants 10,000,000 $ Par 1/16/2009 Bar Harbor Bankshares Bar Harbor ME Preferred Stock w/ Warrants 18,751,000 $ Par 1/16/2009 Somerset Hills Bancorp Bernardsville NJ Preferred Stock w/ Warrants 7, $ Par 5/20/

414,000 

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

1/16/2009 S&T Bancorp Indiana PA Preferred Stock w/ Warrants 108,676,000 $ Par 1/16/2009 ECB Bancorp, Inc. Engelhard NC Preferred Stock w/ Warrants 17,949,000 $ Par 

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

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

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

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

1/16/2009 Citizens & Northern Corporation Wellsboro PA Preferred Stock w/ Warrants 26,440,000 $ Par 1/16/2009 MainSource Financial Group, Inc. Greensburg IN Preferred Stock w/ Warrants 57,000,000 $ Par 

1/16/2009 MetroCorp Bancshares, Inc. Houston TX Preferred Stock w/ Warrants 45,000,000 $ Par 1/16/2009 United Bancorp, Inc. Tecumseh MI Preferred Stock w/ Warrants 20,600,000 $ Par 1/16/2009 Old Second Bancorp, Inc. Aurora IL Preferred Stock w/ Warrants 73,000,000 $ Par 

1/16/2009 Pulaski Financial Corp Creve Coeur MO Preferred Stock w/ Warrants 32,538,000 $ Par 1/16/2009 OceanFirst Financial Corp. Toms River NJ Preferred Stock w/ Warrants 38,263,000 $ Par 

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

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

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

2 1/16/2009 Pacific Coast National Bancorp San Clemente CA Preferred Stock w/ Exercised Warrants 4,120,000 $ Par 3 1/16/2009 Community Bank of the Bay Oakland CA Preferred Stock 1,747,000 $ Par 2 1/16/2009 Redwood Capital Bancorp Eureka CA Preferred Stock w/ Exercised Warrants 3,800,000 $ Par 2 1/16/2009 Syringa Bancorp Boise ID Preferred Stock w/ Exercised Warrants 8,000,000 $ Par 2 1/16/2009 Idaho Bancorp Boise ID Preferred Stock w/ Exercised Warrants 6,900,000 $ Par 2 1/16/2009 Puget Sound Bank Bellevue WA Preferred Stock w/ Exercised Warrants 4,500,000 $ Par 2 1/16/2009 United Financial Banking Companies, Inc. Vienna VA Preferred Stock w/ Exercised Warrants 5,658,000 $ Par 2 1/16/2009 Dickinson Financial Corporation II Kansas City MO Preferred Stock w/ Exercised Warrants 146,053,000 $ Par 

2 1/16/2009 The Baraboo Bancorporation Baraboo WI Preferred Stock w/ Exercised Warrants 20,749,000 $ Par , ,

2 1/16/2009 Bank of Commerce Charlotte NC Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 2 1/16/2009 State Bankshares, Inc. Fargo ND Preferred Stock w/ Exercised Warrants 50,000,000 $ Par 8/12/2 1/16/2009 BNCCORP, Inc. Bismarck ND Preferred Stock w/ Exercised Warrants 20,093,000 $ Par 2 1/16/2009 First Manitowoc Bancorp, Inc. Manitowoc WI Preferred Stock w/ Exercised Warrants 12,000,000 $ Par 5/27/

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

2 1/16/2009 Morrill Bancshares, Inc. Merriam KS Preferred Stock w/ Exercised Warrants 13, $ Par 000,000

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

1/23/2009 1st Source Corporation South Bend IN Preferred Stock w/ Warrants 111,000,000 $ Par 1/23/2009 Princeton National Bancorp, Inc. Princeton IL Preferred Stock w/ Warrants 25,083,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Footnote

Purchase Date 

Seller Purchase Details Cap

Cap

Repayme

1/23/2009 AB&T Financial Corporation Gastonia NC Preferred Stock w/ Warrants 3,500,000 $ Par 1/23/2009 First Citizens Banc Corp Sandusky OH Preferred Stock w/ Warrants 23,184,000 $ Par 

1/23/2009 WSFS Financial Corporation Wilmington DE Preferred Stock w/ Warrants 52,625,000 $ Par 

2 1/23/2009 Commonwealth Business Bank Los Angeles CA Preferred Stock w/ Exercised Warrants 7,701,000 $ Par 2 1/23/2009 Seaside National Bank & Trust Orlando FL Preferred Stock w/ Exercised Warrants 5,677,000 $ Par 2 1/23/2009 CalWest Bancorp

Rancho Santa Margarita CA Preferred Stock w/ Exercised Warrants 4,656,000 $ Par 

2 1/23/2009 Fresno First Bank Fresno CA Preferred Stock w/ Exercised Warrants 1,968,000 $ Par 2 1/23/2009 First ULB Corp. Oakland CA Preferred Stock w/ Exercised Warrants 4,900,000 $ Par 4/22/

2 1/23/2009 Alarion Financial Services, Inc. Ocala FL Preferred Stock w/ Exercised Warrants 6,514,000 $ Par 2 1/23/2009 Midland States Bancorp, Inc. Effingham IL Preferred Stock w/ Exercised Warrants 10,189,000 $ Par 

2 1/23/2009 Moscow Bancshares, Inc. Moscow TN Preferred Stock w/ Exercised Warrants 6,216,000 $ Par 2 1/23/2009 Farmers Bank Windsor VA Preferred Stock w/ Exercised Warrants 8,752,000 $ Par 2 1/23/2009 California Oaks State Bank Thousand Oaks CA Preferred Stock w/ Exercised Warrants 3,300,000 $ Par 2 1/23/2009 Pierce County Bancorp Tacoma WA Preferred Stock w/ Exercised Warrants 6,800,000 $ Par 2 1/23/2009 Calvert Financial Corporation Ashland MO Preferred Stock w/ Exercised Warrants 1,037,000 $ Par 

2 1/23/2009 Liberty Bancshares, Inc. Jonesboro AR Preferred Stock w/ Exercised Warrants 57,500,000 $ Par 

2 1/23/2009 1/23/2009 Crosstown Holding Company Crosstown Holding Company Blaine MN Preferred Stock w/ Exercised Warrants Preferred Stock w/ Exercised Warrants $ 10,650,000 10,650,000 Par

2 1/23/2009 BankFirst Capital Corporation Macon MS Preferred Stock w/ Exercised Warrants 15,500,000 $ Par 2 1/23/2009 Southern Illinois Bancorp, Inc. Carmi IL Preferred Stock w/ Exercised Warrants 5, $ Par 000,0002 1/23/2009 FPB Financial Corp. Hammond LA Preferred Stock w/ Exercised Warrants 3,240,000 $ Par 2 1/23/2009 Stonebridge Financial Corp. West Chester PA Preferred Stock w/ Exercised Warrants 10,973,000 $ Par 

1/30/2009 Peoples Bancorp Inc. Marietta OH Preferred Stock w/ Warrants 39,000,000 $ Par 1/30/2009 Anchor BanCorp Wisconsin Inc. Madison WI Preferred Stock w/ Warrants 110,000,000 $ Par 1/30/2009 Parke Bancorp, Inc. Sewell NJ Preferred Stock w/ Warrants 16,288,000 $ Par 1/30/2009 Central Virginia Bankshares, Inc. Powhatan VA Preferred Stock w/ Warrants 11,385,000 $ Par 1/30/2009 Flagstar Bancorp, Inc. Troy MI Preferred Stock w/ Warrants 266,657,000 $ Par 

1/30/2009 Middleburg Financial Corporation Middleburg VA Preferred Stock w/ Warrants 22,000,000 $ Par 

1/30/2009 Peninsula Bank Holding Co. Palo Alto CA Preferred Stock w/ Warrants 6,000,000 $ Par 1/30/2009 PrivateBancorp, Inc. Chicago IL Preferred Stock w/ Warrants 243,815,000 $ Par 

1/30/2009 Central Valley Community Bancorp Fresno CA Preferred Stock w/ Warrants 7,000,000 $ Par 1/30/2009 Plumas Bancorp Quincy CA Preferred Stock w/ Warrants 11,949,000 $ Par 

1/30/2009 Stewardship Financial Corporation Midland Park NJ Preferred Stock w/ Warrants 10,000,000 $ Par 1/30/2009 Oak Ridge Financial Services, Inc. Oak Ridge NC Preferred Stock w/ Warrants 7,700,000 $ Par 

1/30/2009 First United Corporation Oakland MD Preferred Stock w/ Warrants 30,000,000 $ Par 1/30/2009 Community Partners Bancorp Middletown NJ Preferred Stock w/ Warrants 9,000,000 $ Par 1/30/2009 Guaranty Federal Bancshares, Inc. Springfield MO Preferred Stock w/ Warrants 17,000,000 $ Par 

1/30/2009 Annapolis Bancorp, Inc. Annapolis MD Preferred Stock w/ Warrants 8,152,000 $ Par 

1/30/2009 DNB Financial Corporation Downingtown PA Preferred Stock w/ Warrants 11,750,000 $ Par 

1/30/2009 Firstbank Corporation Alma MI Preferred Stock w/ Warrants 33,000,000 $ Par 

2 1/30/2009 Valley Commerce Bancorp Visalia CA Preferred Stock w/ Exercised Warrants 7,700,000 $ Par 

2 1/30/2009 Greer Bancshares Incorporated Greer SC Preferred Stock w/ Exercised Warrants 9,993,000 $ Par 2 1/30/2009 Ojai Community Bank Ojai CA Preferred Stock w/ Exercised Warrants 2,080,000 $ Par 

2 1/30/2009 Adbanc, Inc Ogallala NE Preferred Stock w/ Exercised Warrants 12,720,000 $ Par 

2 1/30/2009 Beach Business Bank Manhattan Beach CA Preferred Stock w/ Exercised Warrants 6,000,000 $ Par 3 1/30/2009 Legacy Bancorp, Inc. Milwaukee WI Preferred Stock 5,498,000 $ Par 2 1/30/2009 First Southern Bancorp, Inc. Boca Raton FL Preferred Stock w/ Exercised Warrants 10,900,000 $ Par 2 1/30/2009 Country Bank Shares, Inc. Milford NE Preferred Stock w/ Exercised Warrants 7,525,000 $ Par 2 1/30/2009 Katahdin Bankshares Corp. Houlton ME Preferred Stock w/ Exercised Warrants 10,449,000 $ Par 2 1/30/2009 Rogers Bancshares, Inc. Little Rock AR Preferred Stock w/ Exercised Warrants 25,000,000 $ Par 

2 1/30/2009 UBT Bancshares, Inc. Marysville KS Preferred Stock w/ Exercised Warrants 8, $ Par 950,000
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Footnote

Purchase Date 

Seller Purchase Details Cap

Cap

Repayme

2 1/30/2009 Bankers' Bank of the West Bancorp, Inc. Denver CO Preferred Stock w/ Exercised Warrants 12,639,000 $ Par 2 1/30/2009 W.T.B. Financial Corporation Spokane WA Preferred Stock w/ Exercised Warrants 110,000,000 $ Par 2 1/30/2009 AMB Financial Corp. Munster IN Preferred Stock w/ Exercised Warrants 3,674,000 $ Par 2 1/30/2009 Goldwater Bank, N.A. Scottsdale AZ Preferred Stock w/ Exercised Warrants 2,568,000 $ Par 

2 1/30/2009 Equity Bancshares, Inc. Wichita KS Preferred Stock w/ Exercised Warrants 8,750,000 $ Par 2 1/30/2009 WashingtonFirst Bank Reston VA Preferred Stock w/ Exercised Warrants 6,633,000 $ Par 2 1/30/2009 Central Bancshares, Inc. Houston TX Preferred Stock w/ Exercised Warrants 5,800,000 $ Par 2 1/30/2009 Hilltop Community Bancorp, Inc. Summit NJ Preferred Stock w/ Exercised Warrants 4, $ Par 000,0002 1/30/2009 Northway Financial, Inc. Berlin NH Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 2 1/30/2009 Monument Bank Bethesda MD Preferred Stock w/ Exercised Warrants 4,734,000 $ Par 2 1/30/2009 Metro City Bank Doraville GA Preferred Stock w/ Exercised Warrants 7, $ Par 700,000

2 1/30/2009 F & M Bancshares, Inc. Trezevant TN Preferred Stock w/ Exercised Warrants 4,609,000 $ Par 2 1/30/2009 First Resource Bank Exton PA Preferred Stock w/ Exercised Warrants 2,600,000 $ Par 

2/6/2009 MidWestOne Financial Group, Inc. Iowa City IA Preferred Stock w/ Warrants 16,000,000 $ Par 

2/6/2009 Lakeland Bancorp, Inc. Oak Ridge NJ Preferred Stock w/ Warrants 59,000,000 $ Par 

2/6/2009 Monarch Community Bancorp, Inc. Coldwater MI Preferred Stock w/ Warrants 6,785,000 $ Par 2/6/2009 The First Bancshares, Inc. Hattiesburg MS Preferred Stock w/ Warrants 5,000,000 $ Par 

2/6/2009 Carolina Trust Bank Lincolnton NC Preferred Stock w/ Warrants 4,000,000 $ Par 

2/6/2009 2/6/2009 Alaska Pacific Bancshares Inc Alaska Pacific Bancshares, Inc. Juneau AK Preferred Stock w/ Warrants Preferred Stock w/ Warrants $ 4 781 000 4,781,000 Par 

3 2/6/2009 PGB Holdings, Inc. Chicago IL Preferred Stock 3,000,000 $ Par 

2 2/6/2009 The Freeport State Bank Harper KS Preferred Stock w/ Exercised Warrants 301,000 $ Par 2 2/6/2009 Stockmens Financial Corporation Rapid City SD Preferred Stock w/ Exercised Warrants 15,568,000 $ Par 2 2/6/2009 US Metro Bank Garden Grove CA Preferred Stock w/ Exercised Warrants 2,861,000 $ Par 2 2/6/2009 First Express of Nebraska, Inc. Gering NE Preferred Stock w/ Exercised Warrants 5,000,000 $ Par 

2 2/6/2009 Mercantile Capital Corp. Boston MA Preferred Stock w/ Exercised Warrants 3,500,000 $ Par 2 2/6/2009 Citizens Commerce Bancshares, Inc. Versailles KY Preferred Stock w/ Exercised Warrants 6, $ Par 300,0003 2/6/2009 Liberty Financial Services, Inc. New Orleans LA Preferred Stock 5,645,000 $ Par 2 2/6/2009 Lone Star Bank Houston TX Preferred Stock w/ Exercised Warrants 3,072,000 $ Par 2 2/6/2009 First Market Bank, FSB Richmond VA Preferred Stock w/ Exercised Warrants 33,900,000 $ Par 2 2/6/2009 Banner County Ban Corporation Harrisburg NE Preferred Stock w/ Exercised Warrants 795,000 $ Par 2 2/6/2009 Centrix Bank & Trust Bedford NH Preferred Stock w/ Exercised Warrants 7,500,000 $ Par 2 2/6/2009 Todd Bancshares, Inc. Hopkinsville KY Preferred Stock w/ Exercised Warrants 4, $ Par 000,000

2 2/6/2009 Georgia Commerce Bancshares, Inc. Atlanta GA Preferred Stock w/ Exercised Warrants 8,700,000 $ Par 

2 2/6/2009 First Bank of Charleston, Inc. Charleston WV Preferred Stock w/ Exercised Warrants 3,345,000 $ Par 2 2/6/2009 F & M Financial Corporation Salisbury NC Preferred Stock w/ Exercised Warrants 17,000,000 $ Par 

2 2/6/2009 The Bank of Currituck Moyock NC Preferred Stock w/ Exercised Warrants 4,021,000 $ Par 

2 2/6/2009 CedarStone Bank Lebanon TN Preferred Stock w/ Exercised Warrants 3,564,000 $ Par 2 2/6/2009 Community Holding Company of Florida, Inc. Miramar Beach FL Preferred Stock w/ Exercised Warrants 1,050,000 $ Par 2 2/6/2009 Hyperion Bank Philadelphia PA Preferred Stock w/ Exercised Warrants 1,552,000 $ Par 2 2/6/2009 Pascack Community Bank Westwood NJ Preferred Stock w/ Exercised Warrants 3,756,000 $ Par 2 2/6/2009 First Western Financial, Inc. Denver CO Preferred Stock w/ Exercised Warrants 8,559,000 $ Par 

2/13/2009 QCR Holdin Q g, s Inc. Moline IL Preferred Stock w/ Warrants 38,237,000 $ Par $ , ,

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

2/13/2009 The Bank of Kentucky Financial Corporation Crestview Hills KY Preferred Stock w/ Warrants 34,000,000 $ Par 2/13/2009 PremierWest Bancorp Medford OR Preferred Stock w/ Warrants 41,400,000 $ Par 2/13/2009 Carrollton Bancorp Baltimore MD Preferred Stock w/ Warrants 9,201,000 $ Par 2/13/2009 FNB United Corp. Asheboro NC Preferred Stock w/ Warrants 51,500,000 $ Par 

2 2/13/2009 First Menasha Bancshares, Inc. Neenah WI Preferred Stock w/ Exercised Warrants 4,797,000 $ Par 2 2/13/2009 1st Enterprise Bank Los Angeles CA Preferred Stock w/ Exercised Warrants 4,400,000 $ Par 

2 2/13/2009 DeSoto County Bank Horn Lake MS Preferred Stock w/ Exercised Warrants 1,173,000 $ Par 2 2/13/2009 Security Bancshares of Pulaski County, Inc. Waynesville MO Preferred Stock w/ Exercised Warrants 2, $ Par 152,000

2 2/13/2009 State Capital Corporation Greenwood MS Preferred Stock w/ Exercised Warrants 15,000,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Footnote

Purchase Date 

Seller Purchase Details Cap

Cap

Repayme

2 2/13/2009 BankGreenville Greenville SC Preferred Stock w/ Exercised Warrants 1, $ Par 000,000

2 2/13/2009 Corning Savings and Loan Association Corning AR Preferred Stock w/ Exercised Warrants 638,000 $ Par 

2 2/13/2009 Financial Security Corporation Basin WY Preferred Stock w/ Exercised Warrants 5,000,000 $ Par 

2 2/13/2009 ColoEast Bankshares, Inc. Lamar CO Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 2 2/13/2009 Santa Clara Valley Bank, N.A. Santa Paula CA Preferred Stock w/ Exercised Warrants 2,900,000 $ Par 2 2/13/2009 Reliance Bancshares, Inc. Frontenac MO Preferred Stock w/ Exercised Warrants 40,000,000 $ Par 2 2/13/2009 Regional Bankshares, Inc. Hartsville SC Preferred Stock w/ Exercised Warrants 1, $ Par 500,000

2 2/13/2009 Peoples Bancorp Lynden WA Preferred Stock w/ Exercised Warrants 18,000,000 $ Par 

2 2/13/2009 First Choice Bank Cerritos CA Preferred Stock w/ Exercised Warrants 2,200,000 $ Par 2 2/13/2009 Gregg Bancshares, Inc. Ozark MO Preferred Stock w/ Exercised Warrants 825,000 $ Par 2 2/13/2009 Hometown Bancshares, Inc. Corbin KY Preferred Stock w/ Exercised Warrants 1,900,000 $ Par 2 2/13/2009 Midwest Regional Bancorp, Inc. Festus MO Preferred Stock w/ Exercised Warrants 700,000 $ Par 2 2/13/2009 Bern Bancshares, Inc. Bern KS Preferred Stock w/ Exercised Warrants 985,000 $ Par 2 2/13/2009 Northwest Bancorporation, Inc. Spokane WA Preferred Stock w/ Exercised Warrants 10,500,000 $ Par 2 2/13/2009 Liberty Bancshares, Inc. Springfield MO Preferred Stock w/ Exercised Warrants 21,900,000 $ Par 

2 2/13/2009 F&M Financial Corporation Clarksville TN Preferred Stock w/ Exercised Warrants 17, $ Par 243,000

2 2/13/2009 Meridian Bank Devon PA Preferred Stock w/ Exercised Warrants 6,200,000 $ Par 

2 2/13/2009 Northwest Commercial Bank Lakewood WA Preferred Stock w/ Exercised Warrants 1,992,000 $ Par 

2/20/2009 2/20/2009 Royal Bancshares of Pennsylvania Inc Royal Bancshares of Pennsylvania, Inc. Narberth Narberth PA Preferred Stock w/ Warrants Preferred Stock w/ Warrants $ 30 407 000 30,407,000 Par 

2/20/2009 First Merchants Corporation Muncie IN Preferred Stock w/ Warrants 116,000,000 $ Par 2/20/2009 Northern States Financial Corporation Waukegan IL Preferred Stock w/ Warrants 17,211,000 $ Par 

2 2/20/2009 Sonoma Valley Bancorp Sonoma CA Preferred Stock w/ Exercised Warrants 8,653,000 $ Par 

2 2/20/2009 Guaranty Bancorp, Inc. Woodsville NH Preferred Stock w/ Exercised Warrants 6, $ Par 920,000

2 2/20/2009 The Private Bank of California Los Angeles CA Preferred Stock w/ Exercised Warrants 5,450,000 $ Par 

2 2/20/2009 Lafayette Bancorp, Inc. Oxford MS Preferred Stock w/ Exercised Warrants 1,998,000 $ Par 

2 2/20/2009 Liberty Shares, Inc. Hinesville GA Preferred Stock w/ Exercised Warrants 17,280,000 $ Par 

2 2/20/2009 White River Bancshares Company Fayetteville AR Preferred Stock w/ Exercised Warrants 16,800,000 $ Par 

2 2/20/2009 United American Bank San Mateo CA Preferred Stock w/ Exercised Warrants 8,700,000 $ Par 

2 2/20/2009 Crazy Woman Creek Bancorp, Inc. Buffalo WY Preferred Stock w/ Exercised Warrants 3,100,000 $ Par 2 2/20/2009 First Priority Financial Corp. Malvern PA Preferred Stock w/ Exercised Warrants 4,579,000 $ Par 2 2/20/2009 Mid-Wisconsin Financial Services, Inc. Medford WI Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 2 2/20/2009 Market Bancorporation, Inc. New Market MN Preferred Stock w/ Exercised Warrants 2,060,000 $ Par 2 2/20/2009 Hometown Bancorp of Alabama, Inc. Oneonta AL Preferred Stock w/ Exercised Warrants 3,250,000 $ Par 

2 2/20/2009 Security State Bancshares, Inc. Charleston MO Preferred Stock w/ Exercised Warrants 12,500,000 $ Par 

2 2/20/2009 CBB Bancorp Cartersville GA Preferred Stock w/ Exercised Warrants 2,644,000 $ Par 

2 2/20/2009 BancPlus Corporation Ridgeland MS Preferred Stock w/ Exercised Warrants 48,000,000 $ Par 

2 2/20/2009 Central Community Corporation Temple TX Preferred Stock w/ Exercised Warrants 22,000,000 $ Par 

2 2/20/2009 First BancTrust Corporation Paris IL Preferred Stock w/ Exercised Warrants 7,350,000 $ Par 2 2/20/2009 Premier Service Bank Riverside CA Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2 2/20/2009 Florida Business BancGroup, Inc. Tampa FL Preferred Stock w/ Exercised Warrants 9,495,000 $ Par 2 2/20/2009 Hamilton State Bancshares Hoschton GA Preferred Stock w/ Exercised Warrants 7,000,000 $ Par 

2/27/2009 Lakeland Financial Corporation Warsaw IN Preferred Stock w/ Warrants 56,044,000 $ Par $ , ,

2/27/2009 First M&F Corporation Kosciusko MS Preferred Stock w/ Warrants 30,000,000 $ Par 2/27/2009 Southern First Bancshares, Inc. Greenville SC Preferred Stock w/ Warrants 17, $ Par 299,000

2/27/2009 Integra Bank Corporation Evansville IN Preferred Stock w/ Warrants 83, $ Par 586,000

2 2/27/2009 Community First Inc. Columbia TN Preferred Stock w/ Exercised Warrants 17,806,000 $ Par 

2 2/27/2009 BNC Financial Group, Inc. New Canaan CT Preferred Stock w/ Exercised Warrants 4,797,000 $ Par 2 2/27/2009 California Bank of Commerce Lafayette CA Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 

2 2/27/2009 Columbine Capital Corp. Buena Vista CO Preferred Stock w/ Exercised Warrants 2,260,000 $ Par 2 2/27/2009 National Bancshares, Inc. Bettendorf IA Preferred Stock w/ Exercised Warrants 24,664,000 $ Par 2 2/27/2009 First State Bank of Mobeetie Mobeetie TX Preferred Stock w/ Exercised Warrants 731,000 $ Par 2 2/27/2009 Ridgestone Financial Services, Inc. Brookfield WI Preferred Stock w/ Exercised Warrants 10,900,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Footnote

Purchase Date 

Seller Purchase Details Cap

Cap

Repayme

2 2/27/2009 Community Business Bank West Sacramento CA Preferred Stock w/ Exercised Warrants 3,976,000 $ Par 

2 2/27/2009 D.L. Evans Bancorp Burley ID Preferred Stock w/ Exercised Warrants 19,891,000 $ Par 

2 2/27/2009 TriState Capital Holdings, Inc. Pittsburgh PA Preferred Stock w/ Exercised Warrants 23,000,000 $ Par 

2 2/27/2009 Green City Bancshares, Inc. Green City MO Preferred Stock w/ Exercised Warrants 651,000 $ Par 

2 2/27/2009 First Gothenburg Bancshares, Inc. Gothenburg NE Preferred Stock w/ Exercised Warrants 7,570,000 $ Par 

2 2/27/2009 Green Circle Investments, Inc. Clive IA Preferred Stock w/ Exercised Warrants 2,400,000 $ Par 2 2/27/2009 Private Bancorporation, Inc. Minneapolis MN Preferred Stock w/ Exercised Warrants 4,960,000 $ Par 2 2/27/2009 Regent Capital Corporation Nowata OK Preferred Stock w/ Exercised Warrants 2,655,000 $ Par 

2 2/27/2009 Central Bancorp, Inc. Garland TX Preferred Stock w/ Exercised Warrants 22,500,000 $ Par 

2 2/27/2009 Medallion Bank Salt Lake City UT Preferred Stock w/ Exercised Warrants 11,800,000 $ Par 

2 2/27/2009 PSB Financial Corporation Many LA Preferred Stock w/ Exercised Warrants 9,270,000 $ Par 

2 2/27/2009 Avenue Financial Holdings, Inc. Nashville TN Preferred Stock w/ Exercised Warrants 7, $ Par 400,000

2 2/27/2009 Howard Bancorp, Inc. Ellicott City MD Preferred Stock w/ Exercised Warrants 5,983,000 $ Par 

2 2/27/2009 FNB Bancorp South San Francisco CA Preferred Stock w/ Exercised Warrants 12,000,000 $ Par 

2 2/27/2009 The Victory Bank Limerick PA Preferred Stock w/ Exercised Warrants 541,000 $ Par 2 2/27/2009 Catskill Hudson Bancorp, Inc Rock Hill NY Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 2 2/27/2009 Midtown Bank & Trust Company Atlanta GA Preferred Stock w/ Exercised Warrants 5,222,000 $ Par 

3/6/2009 3/6/2009 HCSB Financial Corporation HCSB Financial Corporation Loris SC Preferred Stock w/ Warrants Preferred Stock w/ Warrants $ 12,895,000 12,895,000 Par

3/6/2009 First Busey Corporation Urbana IL Preferred Stock w/ Warrants 100,000,000 $ Par 3/6/2009 First Federal Bancshares of Arkansas, Inc. Harrison AR Preferred Stock w/ Warrants 16,500,000 $ Par 

3 3/6/2009 Citizens Bancshares Corporation Atlanta GA Preferred Stock 7,462,000 $ Par 

2 3/6/2009 ICB Financial Ontario CA Preferred Stock w/ Exercised Warrants 6,000,000 $ Par 2 3/6/2009 First Texas BHC, Inc. Fort Worth TX Preferred Stock w/ Exercised Warrants 13,533,000 $ Par 2 3/6/2009 Farmers & Merchants Bancshares, Inc. Houston TX Preferred Stock w/ Exercised Warrants 11,000,000 $ Par 2 3/6/2009 Blue Ridge Bancshares, Inc. Independence MO Preferred Stock w/ Exercised Warrants 12,000,000 $ Par 2 3/6/2009 First Reliance Bancshares, Inc. Florence SC Preferred Stock w/ Exercised Warrants 15,349,000 $ Par 2 3/6/2009 Merchants and Planters Bancshares, Inc. Toone TN Preferred Stock w/ Exercised Warrants 1,881,000 $ Par 2 3/6/2009 First Southwest Bancorporation, Inc. Alamosa CO Preferred Stock w/ Exercised Warrants 5,500,000 $ Par 

2 3/6/2009 Germantown Capital Corporation, Inc. Germantown TN Preferred Stock w/ Exercised Warrants 4,967,000 $ Par 2 3/6/2009 BOH Holdings, Inc. Houston TX Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 

2 3/6/2009 AmeriBank Holding Company Collinsville OK Preferred Stock w/ Exercised Warrants 2, $ Par 492,000

2 3/6/2009 Highlands Independent Bancshares, Inc. Sebring FL Preferred Stock w/ Exercised Warrants 6,700,000 $ Par 

2 3/6/2009 Pinnacle Bank Holding Company, Inc. Orange City FL Preferred Stock w/ Exercised Warrants 4,389,000 $ Par 2 3/6/2009 Blue River Bancshares, Inc. Shelbyville IN Preferred Stock w/ Exercised Warrants 5, $ Par 000,000

2 3/6/2009 Marine Bank & Trust Company Vero Beach FL Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 2 3/6/2009 Community Bancshares of Kansas, Inc. Goff KS Preferred Stock w/ Exercised Warrants 500,000 $ Par 

2 3/6/2009 Regent Bancorp, Inc. Davie FL Preferred Stock w/ Exercised Warrants 9,982,000 $ Par 2 3/6/2009 Park Bancorporation, Inc. Madison WI Preferred Stock w/ Exercised Warrants 23,200,000 $ Par 2 3/6/2009 PeoplesSouth Bancshares, Inc. Colquitt GA Preferred Stock w/ Exercised Warrants 12,325,000 $ Par 

3/13/2009 First Place Financial Corp. Warren OH Preferred Stock w/ Warrants 72,927,000 $ Par 3/13/2009 Salisbury Bancorp, Inc. Lakeville CT Preferred Stock w/ Warrants 8, $ Par 816,000

3/13/2009 First Northern Community Bancorp Dixon CA Preferred Stock w/ Warrants 17,390,000 $ Par 

3/13/2009 Discover Financial Services Riverwoods IL Preferred Stock w/ Warrants 1,224,558,000 $ Par 3/13/2009 Provident Community Bancshares, Inc. Rock Hill SC Preferred Stock w/ Warrants 9,266,000 $ Par 

3 3/13/2009 First American International Corp. Brooklyn NY Preferred Stock 17,000,000 $ Par 2 3/13/2009 BancIndependent, Inc. Sheffield AL Preferred Stock w/ Exercised Warrants 21,100,000 $ Par 

2 3/13/2009 Haviland Bancshares, Inc. Haviland KS Preferred Stock w/ Exercised Warrants 425,000 $ Par 2 3/13/2009 1st United Bancorp, Inc. Boca Raton FL Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 2 3/13/2009 Madison Financial Corporation Richmond KY Preferred Stock w/ Exercised Warrants 3,370,000 $ Par 

2 3/13/2009 First National Corporation Strasburg VA Preferred Stock w/ Exercised Warrants 13,900,000 $ Par 2 3/13/2009 St. Johns Bancshares, Inc. St. Louis MO Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Footnote

Purchase Date 

Seller Purchase Details Cap

Cap

Repayme

2 3/13/2009 Blackhawk Bancorp, Inc. Beloit WI Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 2 3/13/2009 IBW Financial Corporation Washington DC Preferred Stock w/ Exercised Warrants 6,000,000 $ Par 

2 3/13/2009 Butler Point, Inc. Catlin IL Preferred Stock w/ Exercised Warrants 607,000 $ Par 2 3/13/2009 Bank of George Las Vegas NV Preferred Stock w/ Exercised Warrants 2,672,000 $ Par 

2 3/13/2009 Moneytree Corporation Lenoir City TN Preferred Stock w/ Exercised Warrants 9,516,000 $ Par 

2 3/13/2009 Sovereign Bancshares, Inc. Dallas TX Preferred Stock w/ Exercised Warrants 18,215,000 $ Par 

2 3/13/2009 First Intercontinental Bank Doraville GA Preferred Stock w/ Exercised Warrants 6,398,000 $ Par 

3/20/2009 Heritage Oaks Bancorp Paso Robles CA Preferred Stock w/ Warrants 21,000,000 $ Par 

2 3/20/2009 Community First Bancshares Inc. Union City TN Preferred Stock w/ Exercised Warrants 20,000,000 $ Par 

2 3/20/2009 First NBC Bank Holding Company New Orleans LA Preferred Stock w/ Exercised Warrants 17,836,000 $ Par 

2 3/20/2009 First Colebrook Bancorp, Inc. Colebrook NH Preferred Stock w/ Exercised Warrants 4,500,000 $ Par 2 3/20/2009 Kirksville Bancorp, Inc. Kirksville MO Preferred Stock w/ Exercised Warrants $ Par 470,000

2 3/20/2009 Peoples Bancshares of TN, Inc Madisonville TN Preferred Stock w/ Exercised Warrants 3, $ Par 900,000

2 3/20/2009 Premier Bank Holding Company Tallahassee FL Preferred Stock w/ Exercised Warrants 9,500,000 $ Par 2 3/20/2009 Citizens Bank & Trust Company Covington LA Preferred Stock w/ Exercised Warrants 2,400,000 $ Par 

2 3/20/2009 Farmers & Merchants Financial Corporation Argonia KS Preferred Stock w/ Exercised Warrants 442,000 $ Par 

2 3/20/2009 Farmers State Bankshares, Inc. Holton KS Preferred Stock w/ Exercised Warrants 700,000 $ Par 2 3/27/2009 SBT Bancorp, Inc. Simsbury CT Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 

2 3/27/2009 3/27/2009 CSRA Bank Corp CSRA Bank Corp. Wrens GA Preferred Stock w/ Exercised Warrants Preferred Stock w/ Exercised Warrants $ 2 400 000 2,400,000 Par 

2 3/27/2009 Trinity Capital Corporation Los Alamos NM Preferred Stock w/ Exercised Warrants 35,539,000 $ Par 2 3/27/2009 Clover Community Bankshares, Inc. Clover SC Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 2 3/27/2009 Pathway Bancorp Cairo NE Preferred Stock w/ Exercised Warrants 3,727,000 $ Par 2 3/27/2009 Colonial American Bank West Conshohocken PA Preferred Stock w/ Exercised Warrants 574,000 $ Par 

2 3/27/2009 MS Financial, Inc. Kingwood TX Preferred Stock w/ Exercised Warrants 7,723,000 $ Par 2 3/27/2009 Triad Bancorp, Inc. Frontenac MO Preferred Stock w/ Exercised Warrants 3,700,000 $ Par 2 3/27/2009 Alpine Banks of Colorado Glenwood Springs CO Preferred Stock w/ Exercised Warrants 70,000,000 $ Par 

2 3/27/2009 Naples Bancorp, Inc. Naples FL Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2 3/27/2009 CBS Banc-Corp. Russellville AL Preferred Stock w/ Exercised Warrants 24,300,000 $ Par 

2 3/27/2009 IBT Bancorp, Inc. Irving TX Preferred Stock w/ Exercised Warrants 2,295,000 $ Par 

2 3/27/2009 Spirit BankCorp, Inc. Bristow OK Preferred Stock w/ Exercised Warrants 30,000,000 $ Par 2 3/27/2009 Maryland Financial Bank Towson MD Preferred Stock w/ Exercised Warrants 1,700,000 $ Par 

4/3/2009 First Capital Bancorp, Inc. Glen Ellen VA Preferred Stock w/ Warrants 10,958,000 $ Par 

2, 3 4/3/2009 Tri-State Bank of Memphis Memphis TN Preferred Stock 2,795,000 $ Par 

2 4/3/2009 Fortune Financial Corporation Arnold MO Preferred Stock w/ Exercised Warrants 3,100,000 $ Par 

2 4/3/2009 BancStar, Inc. Festus MO Preferred Stock w/ Exercised Warrants 8,600,000 $ Par 2 4/3/2009 Titonka Bancshares, Inc Titonka IA Preferred Stock w/ Exercised Warrants 2,117,000 $ Par 

2 4/3/2009 Millennium Bancorp, Inc. Edwards CO Preferred Stock w/ Exercised Warrants 7, $ Par 260,000

2 4/3/2009 TriSummit Bank Kingsport TN Preferred Stock w/ Exercised Warrants 2,765,000 $ Par 

2 4/3/2009 Prairie Star Bancshares, Inc. Olathe KS Preferred Stock w/ Exercised Warrants 2,800,000 $ Par 2 4/3/2009 Community First Bancshares, Inc. Harrison AR Preferred Stock w/ Exercised Warrants 12,725,000 $ Par 

2 4/3/2009 BCB Holding Company, Inc. Theodore AL Preferred Stock w/ Exercised Warrants 1,706,000 $ Par 

3 4/10/2009 City National Bancshares Corporation Newark NJ Preferred Stock 9,439,000 $ Par 2 4/10/2009 First Business Bank, N.A. San Diego CA Preferred Stock w/ Exercised Warrants 2,211,000 $ Par 

2 4/10/2009 SV Financial, Inc. Sterling IL Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 

2 4/10/2009 Capital Commerce Bancorp, Inc. Milwaukee WI Preferred Stock w/ Exercised Warrants 5,100,000 $ Par 2 4/10/2009 Metropolitan Capital Bancorp, Inc. Chicago IL Preferred Stock w/ Exercised Warrants 2,040,000 $ Par 

4/17/2009 Bank of the Carolinas Corporation Mocksville NC Preferred Stock w/ Warrants 13, $ Par 179,000

2 4/17/2009 Penn Liberty Financial Corp. Wayne PA Preferred Stock w/ Exercised Warrants 9,960,000 $ Par 

2 4/17/2009 Tifton Banking Company Tifton GA Preferred Stock w/ Exercised Warrants 3,800,000 $ Par 2 4/17/2009 Patterson Bancshares, Inc Patterson LA Preferred Stock w/ Exercised Warrants 3,690,000 $ Par 2 4/17/2009 BNB Financial Services Corporation New York NY Preferred Stock w/ Exercised Warrants 7,500,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Footnote

Purchase Date 

Seller Purchase Details Cap

Cap

Repayme

2 4/17/2009 Omega Capital Corp. Lakewood CO Preferred Stock w/ Exercised Warrants 2,816,000 $ Par 

4/24/2009 Mackinac Financial Corporation Manistique MI Preferred Stock w/ Warrants 11,000,000 $ Par 

2 4/24/2009 Birmingham Bloomfield Bancshares, Inc Birmingham MI Preferred Stock w/ Exercised Warrants 1,635,000 $ Par 

2 4/24/2009 Vision Bank - Texas Richardson TX Preferred Stock w/ Exercised Warrants 1,500,000 $ Par 

2 4/24/2009 Oregon Bancorp, Inc. Salem OR Preferred Stock w/ Exercised Warrants 3,216,000 $ Par 2 4/24/2009 Peoples Bancorporation, Inc. Easley SC Preferred Stock w/ Exercised Warrants 12,660,000 $ Par 

2 4/24/2009 Indiana Bank Corp. Dana IN Preferred Stock w/ Exercised Warrants 1,312,000 $ Par 2 4/24/2009 Business Bancshares, Inc. Clayton MO Preferred Stock w/ Exercised Warrants 15,000,000 $ Par 

2 4/24/2009 Standard Bancshares, Inc. Hickory Hills IL Preferred Stock w/ Exercised Warrants 60, $ Par 000,000

2 4/24/2009 York Traditions Bank York PA Preferred Stock w/ Exercised Warrants 4,871,000 $ Par 

2 4/24/2009 Grand Capital Corporation Tulsa OK Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2 4/24/2009 Allied First Bancorp, Inc. Oswego IL Preferred Stock w/ Exercised Warrants 3,652,000 $ Par 

8 4/24/2009 Frontier Bancshares, Inc. Austin TX

Subordinated Debentures w/ Exercised Warrants 3,000,000 $ Par 

5/1/2009 Village Bank and Trust Financial Corp Midlothian VA Preferred Stock w/ Warrants 14,738,000 $ Par 

2 5/1/2009 CenterBank Milford OH Preferred Stock w/ Exercised Warrants 2,250,000 $ Par 2 5/1/2009 Georgia Primary Bank Atlanta GA Preferred Stock w/ Exercised Warrants 4,500,000 $ Par 2 5/1/2009 Union Bank & Trust Company Oxford NC Preferred Stock w/ Exercised Warrants 3,194,000 $ Par 

2 5/1/2009 5/1/2009 HPK Financial Corporation HPK Financial Corporation Chicago Chicago IL Preferred Stock w/ Exercised Warrants Preferred Stock w/ Exercised Warrants $ 4,000,000 4,000,000 Par

8 5/1/2009 OSB Financial Services, Inc. Orange TX

Subordinated Debentures w/ Exercised Warrants 6,100,000 $ Par 

8 5/1/2009 Security State Bank Holding-Company Jamestown ND

Subordinated Debentures w/ Exercised Warrants 10,750,000 $ Par 

2 5/8/2009 Highlands State Bank Vernon NJ Preferred Stock w/ Exercised Warrants 3,091,000 $ Par 2 5/8/2009 One Georgia Bank Atlanta GA Preferred Stock w/ Exercised Warrants 5,500,000 $ Par 2 5/8/2009 Gateway Bancshares, Inc. Ringgold GA Preferred Stock w/ Exercised Warrants 6,000,000 $ Par 8 5/8/2009 Freeport Bancshares, Inc. Freeport IL

Subordinated Debentures w/ Exercised Warrants 3,000,000 $ Par 

8 5/8/2009 Investors Financial Corporation of Pettis County, Inc Sedalia MO

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

8 5/8/2009 Sword Financial Corporation Horicon WI

Subordinated Debentures w/ Exercised Warrants 13,644,000 $ Par 

3, 8 5/8/2009 Premier Bancorp, Inc. Wilmette IL Subordinated Debentures 6,784,000 $ Par 

5/15/2009 Mercantile Bank Corporation Grand Rapids MI Preferred Stock w/ Warrants 21,000,000 $ Par 

2 5/15/2009 Northern State Bank Closter NJ Preferred Stock w/ Exercised Warrants 1,341,000 $ Par 2 5/15/2009 Western Reserve Bancorp, Inc Medina OH Preferred Stock w/ Exercised Warrants 4,700,000 $ Par 2 5/15/2009 Community Financial Shares, Inc. Glen Ellyn IL Preferred Stock w/ Exercised Warrants 6,970,000 $ Par 2 5/15/2009 Worthington Financial Holdings, Inc. Huntsville AL Preferred Stock w/ Exercised Warrants 2, $ Par 720,0002 5/15/2009 First Community Bancshares, Inc Overland Park KS Preferred Stock w/ Exercised Warrants 14,800,000 $ Par 2 5/15/2009 Southern Heritage Bancshares, Inc. Cleveland TN Preferred Stock w/ Exercised Warrants 4,862,000 $ Par 2 5/15/2009 Foresight Financial Group, Inc. Rockford IL Preferred Stock w/ Exercised Warrants 15,000,000 $ Par 

3, 8 5/15/2009 IBC Bancorp, Inc. Chicago IL Subordinated Debentures 4,205,000 $ Par 

8 5/15/2009 Boscobel Bancorp, Inc Boscobel WI

Subordinated Debentures w/ Exercised 

8 5/15/2009 Boscobel Bancorp, Inc Boscobel WI Warrants 5 Warrants $ Par 5,586,000 ,586,000 Par

8 5/15/2009 Brogan Bankshares, Inc. Kaukauna WI

Subordinated Debentures w/ Exercised Warrants 2,400,000 $ Par 

8 5/15/2009 Riverside Bancshares, Inc. Little Rock AR

Subordinated Debentures w/ Exercised Warrants 1,100,000 $ Par 

8 5/15/2009 Deerfield Financial Corporation Deerfield WI

Subordinated Debentures w/ Exercised Warrants 2,639,000 $ Par 

8 5/15/2009 Market Street Bancshares, Inc. Mt. Vernon IL

Subordinated Debentures w/ Exercised Warrants 20,300,000 $ Par 

2 5/22/2009 The Landrum Company Columbia MO Preferred Stock w/ Exercised Warrants 15,000,000 $ Par 2 5/22/2009 First Advantage Bancshares Inc. Coon Rapids MN Preferred Stock w/ Exercised Warrants 1,177,000 $ Par 2 5/22/2009 Fort Lee Federal Savings Bank Fort Lee NJ Preferred Stock w/ Exercised Warrants 1,300,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Footnote

Purchase Date 

Seller Purchase Details Cap

Cap

Repayme

2 5/22/2009 Blackridge Financial, Inc. Fargo ND Preferred Stock w/ Exercised Warrants 5,000,000 $ Par 2 5/22/2009 Illinois State Bancorp, Inc. Chicago IL Preferred Stock w/ Exercised Warrants 6, $ Par 272,000

2 5/22/2009 Universal Bancorp Bloomfield IN Preferred Stock w/ Exercised Warrants 9,900,000 $ Par 2 5/22/2009 Franklin Bancorp, Inc. Washington MO Preferred Stock w/ Exercised Warrants 5,097,000 $ Par 8 5/22/2009 Commonwealth Bancshares, Inc. Louisville KY

Subordinated Debentures w/ Exercised Warrants 20,400,000 $ Par 

8 5/22/2009 Premier Financial Corp Dubuque IA

Subordinated Debentures w/ Exercised Warrants 6,349,000 $ Par 

8 5/22/2009 F & C Bancorp, Inc. Holden MO

Subordinated Debentures w/ Exercised Warrants 2,993,000 $ Par 

8 5/22/2009 Diamond Bancorp, Inc. Washington MO

Subordinated Debentures w/ Exercised Warrants 20,445,000 $ Par 

8 5/22/2009 United Bank Corporation Barnesville GA

Subordinated Debentures w/ Exercised Warrants 14,400,000 $ Par 

5/29/2009 Community Bank Shares of Indiana, Inc. New Albany IN Preferred Stock w/ Warrants 19,468,000 $ Par 

2 5/29/2009 American Premier Bancorp Arcadia CA Preferred Stock w/ Exercised Warrants 1,800,000 $ Par 2 5/29/2009 CB Holding Corp. Aledo IL Preferred Stock w/ Exercised Warrants 4,114,000 $ Par 2 5/29/2009 Citizens Bancshares Co. Chillicothe MO Preferred Stock w/ Exercised Warrants 24, $ Par 990,000

2 5/29/2009 Grand Mountain Bancshares, Inc. Granby CO Preferred Stock w/ Exercised Warrants 3,076,000 $ Par 

2 5/29/2009 Two Rivers Financial Grou 5/29/2009 Two Rivers Financial Group Burlington IA Preferred Stock w/ Exercised Warrants 12 Preferred Stock w/ Exercised Warrants $ Par $ 12,000,000 ,000,000 Par

8 5/29/2009 Fidelity Bancorp, Inc Baton Rouge LA

Subordinated Debentures w/ Exercised Warrants 3,942,000 $ Par 

8 5/29/2009 Chambers Bancshares, Inc. Danville AR

Subordinated Debentures w/ Exercised Warrants 19,817,000 $ Par 

2 6/5/2009 Covenant Financial Corporation Clarksdale MS Preferred Stock w/ Exercised Warrants 5,000,000 $ Par 8 6/5/2009 First Trust Corporation New Orleans LA

Subordinated Debentures w/ Exercised Warrants 17,969,000 $ Par 

8, 10 6/5/2009 OneFinancial Corporation Little Rock AR

Subordinated Debentures w/ Exercised Warrants 17,300,000 $ Par 

2 6/12/2009 Berkshire Bancorp, Inc. Wyomissing PA Preferred Stock w/ Exercised Warrants 2,892,000 $ Par 

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

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

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

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

8, 10 6/12/2009 First Financial Bancshares, Inc. Lawrence KS

Subordinated Debentures w/ Exercised Warrants 3,756,000 $ Par 

8 6/12/2009 River Valley Bancorporation, Inc. Wausau WI

Subordinated Debentures w/ Exercised Warrants 15,000,000 $ Par 

2 6/19/2009 Merchants and Manufacturers Bank Corporation Joliet IL Preferred Stock w/ Exercised Warrants 3,510,000 $ Par 

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

8 6/19/2009 Manhattan Bancshares, Inc. Manhattan IL

Subordinated Debentures w/ Exercised Warrants 2,639,000 $ Par 

8,10 6/19/2009 Biscayne Bancshares, Inc. Coconut Grove FL

Subordinated Debentures w/ Exercised Warrants 6,400,000 $ Par 

8 6/19/2009 Duke Financial Group, Inc. Minneapolis MN

Subordinated Debentures w/ Exercised 

8 6/19/2009 Duke Financial Group, Inc. Minneapolis MN Warrants Warrants $ 12,000,000 12,000,000 Par

8 6/19/2009 Farmers Enterprises, Inc. Great Bend KS

Subordinated Debentures w/ Exercised Warrants 12,000,000 $ Par 

8 6/19/2009 Century Financial Services Corporation Santa Fe NM

Subordinated Debentures w/ Exercised Warrants 10,000,000 $ Par 

8 6/19/2009 NEMO Bancshares Inc. Madison MO

Subordinated Debentures w/ Exercised Warrants 2,330,000 $ Par 

3, 8 6/19/2009 University Financial Corp, Inc. St. Paul MN Subordinated Debentures 11,926,000 $ Par 

8 6/19/2009 Suburban Illinois Bancorp, Inc. Elmhurst IL

Subordinated Debentures w/ Exercised Warrants 15,000,000 $ Par 

6/26/2009 Hartford Financial Services Group, Inc. Hartford CT Preferred Stock w/ Warrants 3,400,000,000 $ Par 

2 6/26/2009 Fidelity Resources Company Plano TX Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Footnote

Purchase Date 

Seller Purchase Details Cap

Cap

Repayme

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

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

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

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

2 6/26/2009 Gulfstream Bancshares, Inc. Stuart FL Preferred Stock w/ Exercised Warrants 7,500,000 $ Par 

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

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

2 6/26/2009 Metropolitan Bank Group, Inc. Chicago IL Preferred Stock w/ Exercised Warrants 71,526,000 $ Par 2 6/26/2009 NC Bancorp, Inc. Chicago IL Preferred Stock w/ Exercised Warrants 6,880,000 $ Par 

2 6/26/2009 Alliance Bancshares, Inc. Dalton GA Preferred Stock w/ Exercised Warrants 2, $ Par 986,000

8 6/26/2009 Stearns Financial Services, Inc. St. Cloud MN

Subordinated Debentures w/ Exercised Warrants 24,900,000 $ Par 

8 6/26/2009 Signature Bancshares, Inc. Dallas TX

Subordinated Debentures w/ Exercised Warrants 1,700,000 $ Par 

8 6/26/2009 Fremont Bancorporation Fremont CA

Subordinated Debentures w/ Exercised Warrants 35,000,000 $ Par 

8 6/26/2009 Alliance Financial Services Inc. Saint Paul MN

Subordinated Debentures w/ Exercised Warrants 12,000,000 $ Par 

7/10/2009 Lincoln National Corporation Radnor PA Preferred Stock w/ Warrants 950,000,000 $ Par 

2 10 ,7/10/2009 7/10/2009 Bancorp Financial Inc Bancorp Financial, Inc. Oak Brook Oak Brook IL Preferred Stock w/ Exercised Warrants Preferred Stock w/ Exercised Warrants $ 13 669 000 13,669,000 Par

2 7/17/2009 Brotherhood Bancshares, Inc. Kansas City KS Preferred Stock w/ Exercised Warrants 11,000,000 $ Par 

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

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

8 7/17/2009 First South Bancorp, Inc. Lexington TN

Subordinated Debentures w/ Exercised Warrants 50,000,000 $ Par 

8 7/17/2009 Great River Holding Company Baxter MN

Subordinated Debentures w/ Exercised Warrants 8,400,000 $ Par 

8,10 7/17/2009 Plato Holdings Inc. Saint Paul MN

Subordinated Debentures w/ Exercised Warrants 2,500,000 $ Par 

7/24/2009 Yadkin Valley Financial Corporation Elkin NC Preferred Stock w/ Warrants 13,312,000 $ Par 

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

2 7/24/2009 Florida Bank Group, Inc. Tampa FL Preferred Stock w/ Exercised Warrants 20,471,000 $ Par 8 7/24/2009 First American Bank Corporation Elk Grove Village IL

Subordinated Debentures w/ Exercised Warrants 50,000,000 $ Par 

2 7/31/2009 Chicago Shore Corporation Chicago IL Preferred Stock w/ Exercised Warrants 7,000,000 $ Par 

8,10 7/31/2009 Financial Services of Winger, Inc. Winger MN

Subordinated Debentures w/ Exercised Warrants 3,742,000 $ Par 

2 8/7/2009 The ANB Corporation Terrell TX Preferred Stock w/ Exercised Warrants 20,000,000 $ Par 2 8/7/2009 U.S. Century Bank Miami FL Preferred Stock w/ Exercised Warrants 50,236,000 $ Par 2 8/14/2009 Bank Financial Services, Inc. Eden Prarie MN Preferred Stock w/ Exercised Warrants 1,004,000 $ Par 2 8/21/2009 KS Bancorp, Inc. Smithfield NC Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 8 8/21/2009 AmFirst Financial Services, Inc. McCook NE

Subordinated Debentures w/ Exercised Warrants 5,000,000 $ Par 

2, 3 8/28/2009 First Independence Corporation Detroit MI Preferred Stock 3,223,000 $ Par 

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

2, 10 8/28/2009 CoastalSouth Bancshares, Inc. Hilton Head Island SC Preferred Stock w/ Exercised Warrants 16,015,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Footnote

Purchase Date 

Seller Purchase Details Cap

Cap

Repayme

8, 10 8/28/2009 TCB Corporation Greenwood SC

Subordinated Debentures w/ Exercised Warrants $ Par 9,720,000Total Purchase Amount 204,476,764,000 $ Total Cap

TOTAL TREASURY CPP INVESTMENT AMOUN

1/ This transaction was included in previous Transaction Reports with Merrill Lynch & Co., Inc. listed as the qualifying institution and a 10/28/2008 transaction date, footnoted to indicate that settlement was de

the CPP was funded on 1/9/2009.2/ Privately-held qualified financial institution; Treasury received a warrant to purchase additional shares of preferred stock (unless the institution is a CDFI), which it exercised immediately.3/ To promote community development financial institutions (CDFIs), Treasury does not require warrants as part of its investment in certified CDFIs when the size of the investment is $50 million or less.

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

11/ Treasury has three separate investments in Citigroup Inc ("Citigroup") under CPP TIP and AGP for a total of $49 billion On 6/9/2009 Treasury entered into an agreement with Citigroup to exchange up t6/ This amount does not include accrued and unpaid dividends, which must be paid at the time of capital repayment.7/ The proceeds associated with the disposition of this investment do not include accrued and unpaid dividends.8/ Subchapter S corporation; Treasury received a warrant to purchase additional subordinated debentures (unless the institution is a CDFI), which it exercised immediately.9/ In its qualified equity offering, this institution raised more capital than Treasury’s original investment, therefore, the number of Treasury’s shares underlying the warrant was reduced by half.10/ This institution participated in the expansion of CPP for small banks.5/ Redemption pursuant to a qualified equity offering.11/ Treasury has three separate investments in Citigroup Inc. ("Citigroup") under CPP, TIP, and AGP for a total of $49 billion. 

On 6/9/2009, Treasury entered into an agreement with Citigroup to exchange up t

dollar" in Citigroup's Private and Public Exchange Offerings. On 7/23/2009 and 7/30/2009, Treasury exchanged a total of $25 billion of the CPP shares for Series M Common Stock Equivalent (“Series M”) and terminates on receipt of certain shareholder approvals.12/ On 8/24/2009, Treasury exchanged its Series C Preferred Stock issued by Popular, Inc. for a like amount of non tax-deductible Trust Preferred Securities issued by Popular Capital Trust III, administrative 
15 12/29/2008 GMAC LLC Detroit MI Purchase

Preferred Stock w/ Exercised Warrants 5,000,000,000 $ Par

1, 20 12/29/2008 General Motors Corporation Detroit MI Purchase Debt Obligation 884,024,131 $ N/A 5/29/2009 Exchange Equity Interest 

20 12/31/2008 General Motors Corporation Detroit MI Purchase

Debt Obligation w/ Warrants and Additional Note 13,400,000,000 $ N/A 7/10/2009 Exchange

Preferred and cin General Mot

14, 21 1/2/2009 Chrysler Holding LLC Auburn Hills MI Purchase Debt Obligation w/ Additional Note 4,000,000,000 $ N/A

3, 20 4/22/2009 General Motors Corporation Detroit MI Purchase Debt Obligation w/ Additional Note 2,000,000,000 $ N/A 7/10/2009 Exchange

Preferred and cin General Mot

4, 5, 21 4/29/2009 Chrysler Holding LLC Auburn Hills MI Purchase Debt Obligation w/ Additional Note $ 500,000,000 N/A

2 1/16/2009

Chrysler Financial Services Americas LLC

Farmington Hills MI Purchase

Debt Obligation w/ Additional Note 1,500,000,000 $ 

Transaction Type Investme

Pricing 

Mechanism Date

N/A

State

Transaction 

Type Investment Description Investment Amount 

AUTOMOTIVE INDUSTRY FINANCING PROGRAM

Footnote Date

Seller Purchase Details Exc

Name of Institution City

4, 5, 21 4/29/2009 Chrysler Holding LLC Auburn Hills MI Purchase Debt Obligation w/ Additional Note $ 500,000,000 N/A

4, 6, 21 4/29/2009 Chrysler Holding LLC Auburn Hills MI Purchase Debt Obligation w/ Additional Note 280,130,642 $ N/A 

7 5/1/2009 Chrysler LLC Wilmington DE Purchase Debt Obligation w/ Additional Note 3,043,143,000 $ N/A

8 5/20/2009 Chrysler LLC Wilmington DE Purchase Debt Obligation w/ Additional Note 756,857,000 $ N/A

9, 20 5/20/2009 General Motors Corporation Detroit MI Purchase Debt Obligation w/ Additional Note 4,000,000,000 $ N/A 7/10/2009 Exchange

Preferred and cin General Mot

15 5/21/2009 GMAC LLC Detroit MI Purchase

Preferred Stock w/ Exercised Warrants 7,500,000,000 $ Par

10 5/27/2009 New CarCo Acquisition LLC Wilmington DE Purchase

Debt Obligation w/ Additional Note, Equity Interest 6,642,000,000 $ N/A

11, 20 5/27/2009 General Motors Corporation Detroit MI Purchase Debt Obligation w/ Additional Note 360,624,198 $ N/A 7/10/2009 Exchange

Preferred and cin General Mot

13, 20 6/3/2009 General Motors Corporation Detroit MI Purchase Debt Obligation w/ Additional Note 23,027,511,395 $ N/A 7/10/2009 Exchange

Preferred and cin General Mot

18 7/10/2009 General Motors Company Detroit MI Purchase

Debt Obligation w/ Additional Note, Equity Interest $ 7,072,488,605 N/A 

Total Initial Investment Amount $ 79,966,778,971 

$ 7

TOTAL TREASURY INVESTMENT AMOUNT

3/ This transaction is an amendment to Treasury's 12/31/2008 agreement with General Motors Corporation, which brought the total loan amount to $15,400,000,000.

4/ This transaction is an amendment to Treasury's 1/2/2009 agreement with Chrysler Holding LLC, increasing the total loan amount to $4,780,130,642. 5/ The loan may be incrementally funded.

6/ The loan will be used to capitalize Chrysler Warranty SPV LLC a special purpose vehicle created by Chrysler LLC1/ Treasury committed to lend General Motors Corporation up to $1,000,000,000. The ultimate level of funding was dependent upon the level of investor participation in GMAC LLC's rights offering. The amount has been updated to reflect 

2/ The loan was funded through Chrysler LB Receivables Trust, a special purpose vehicle created by Chrysler Financial. The amount of $1,500,000,000 represents the maximum loan amount. The loan was incrementally funded until it rea

the balance will be available shortly after the Bankruptcy Court's final and non-appealable order approving the DIP credit facility. 11/ This transaction is an amendment to Treasury's 12/31/2008 agreement with General Motors Corporation, which brings the total loan amount to $19,760,624,198, including the 4/22/2009 and 5/20/2009 amendments. The $360 million lo

purpose vehicle created by General Motors Corporation. On 7/10/2009, the principal amount was included in the $7.07 billion of debt assumed by the new GM, as explained in footnote 17. 

12/ Pursuant to its rights under the loan agreement with General Motors Corporation (GM) reported on 12/29/2009, Treasury exchanged its $884 million loan to GM for a portion of GM’s common equity interest in GMAC LLC. As a result of 13/ Under the terms of the $33.3 billion debtor-in-possession (DIP) credit agreement, Treasury's commitment amount is $30.1 billion. Up to $15 billion is available pursuant to the interim order the Bankruptcy Court entered approving the DIP 

New CarCo Acquisition LLC (renamed Chrysler Group LLC on or about 6/10/2009) of up to $6.642 billion. The total loan amount is up to $7.142 billion including $500 million of debt assumed from Treasury’s 1/2/2009 credit agreement with 

secured by a first priority lien on the assets of New CarCo Acquisition LLC (the company that purchased Chrysler LLC's assets in a sale pursuant to section 363 of the Bankruptcy Code). 

6/ The loan will be used to capitalize Chrysler Warranty SPV LLC, a special purpose vehicle created by Chrysler LLC. 

7/ The terms of this transaction, first reported based on a binding term sheet fully executed on 5/1/2009 but made effective as of 4/30/2009, are now finalized and reflected in a credit agreement fully executed on 5/5/2009. Under the terms as follows: Treasury’s commitment amount is $3.04 billion of the total $4.1 billion debtor-in-possession (DIP) credit facility. The amount of $1.4 billion, of which Treasury’s share is $1.04 billion, is available in weekly disbursements under th

DIP credit facility; the balance will be available in weekly disbursements after certain Bankruptcy Court milestones are met.8/ This transaction is an amendment to Treasury's DIP credit agreement with Chrysler LLC dated 5/5/2009 and increases Treasury's commitment to $3,800,000,000. The amendment was fully executed on 5/20/2009, but was made effectiv

9/ This transaction is an amendment to Treasury's 12/31/2008 agreement with General Motors Corporation, which brought the total loan amount to $19,400,000,000, including the 4/22/2009 amendment.10/ The terms of this transaction, first reported based on a term sheet fully executed on 5/27/2009 for an amount up to $6.943 billion, are now finalized and reflected in a credit agreement fully executed on 6/10/2009. Under the terms of th
Name of Institution City State

Adjustment 

Amount Adjusted Inve

1 4/9/2009 GM Supplier Receivables LLC Wilmington DE Purchase Debt Obligation w/ Additional Note 3,500,000,000 $ N/A 7/8/2009 3 $ 

(1,000,000,000) $ 

2 4/9/2009 Chrysler Receivables SPV LLC Wilmington DE Purchase Debt Obligation w/ Additional Note $ 1,500,000,000 N/A 7/8/2009 3 $ 

(500,000,000) $ 

INITIAL TOTAL $ 5,000,000,000 ADJUSTED TOTAL $ 

The loan will be incrementally funded. The credit agreement was fully executed on 4/9/2009, but was made effective as of 4/7/2009. Chyrsler Group LLC assumed Chrysler Receivables SPV LLC on 6/10/2009. 

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

TARGETED INVESTMENT PROGRAM

Pricing 

Mechanism

Adjustment Details

Adjustment 

Date

1/ The loan was funded through GM Supplier Receivables, LLC, a special purpose vehicle created by General Motors Corporation. The amount of $3,500,000,000 represents the maximum 

Transaction 

Type Investment Description Investment Amount

loan amount. The loan will be incrementally funded. The credit agreement was fully executed on 4/9/2009, but was made effective as of 4/3/2009. General Motors Company assumed GM Supplier Receivables LLC on 7/10/2009.

2/ The loan was funded through Chrysler Receivables SPV LLC, a special purpose vehicle created by Chrysler LLC. The amount of $1,500,000,000 represents the maximum loan amount. 

AUTOMOTIVE SUPPLIER SUPPORT PROGRAM

Footnote Date

Seller

14/ Pursuant to the agreement originally reported on 5/27/2009 and fully executed on 6/10/2009 (explained in Footnote 10), $500 million of this deal's debt will be assumed under that fully executed agreement.15/ GMAC LLC is now known as GMAC Inc. effective 6/30/2009.16/ This investment amount was funded as a prepayment of the new General Motors Company's assumed note described in footnote 17.

17/ On 7/10/2009, Treasury and Motors Liquidation Company (formerly known as General Motors Corporation) amended the 6/3/2009 DIP credit agreement for $30.1 billion between Treasury and General Motors Corporation. Under the ter

privately placed preferred and common equity in General Motors Company (the new GM) except for $986 million, which remained for the benefit of Motors Liquidation Company, and $7.07 billion, which was assumed by General Motors ComIn total, Treasury received $2.1 billion in preferred shares and 60.8% of the common shares of General Motors Company.18/ On 7/10/2009, Treasury and General Motors Company entered into an agreement under which General Motors Company assumed $7.07 billion of General Motors Corporation’s (now known as Motors Liquidation Company) obligation u

19/ This amount does not include accrued and unpaid interest, which must be paid at the time of principal repayment.20/ General Motors Corporation is now known as Motors Liquidation Company.21/ Chrysler Holding LLC is now known as CGI Holding LLC.

Seller 

Name of Institution City State 

1 12/31/2008 Citigroup Inc. New York NY Purchase Trust Preferred Securities 20,000,000,000 $ Par

1/16/2009 Bank of America Corporation Charlotte NC Purchase Preferred Stock w/ Warrants 20,000,000,000 $ Par

TOTAL $ 40,000,000,000

Name of Institution City State

1, 2 1/16/2009 Citigroup Inc. New York NY Guarantee Trust Preferred Securities $ 5,000,000,000

Preferred 

Stock and 

Warrants

TOTAL $ 5,000,000,000

1/ In consideration for the guarantee, Treasury received $4.03 billion of preferred stock, which pays 8% interest.2/ Treasury has three separate investments in Citigroup Inc. ("Citigroup") under CPP, TIP, and AGP for a total of $49 billion. On 6/9/2009, Treasury entered into an agreement with Citigroup to exchange all of Treasury’s investments. On 7/30/2009, Treasury exchanged all of its Fixed Rate Cumulative Perpetual Preferred Stock Series G (AGP Shares), received as premium with the AGP agreement, “dollar for dollar” for Trust Preferred Securities. 1/ Treasury has three separate investments in Citigroup Inc. ("Citigroup") under CPP, TIP, and AGP for a total of $49 billion. On 6/9/2009, Treasury entered into an agreement with Citigroup to exchange all of Treasury’s investments. On 7/30/2009, Treasury exchanged all of its Fixed Rate Cumulative Perpetual Preferred Stock, Series I (TIP Shares) “dollar for dollar” for Trust Preferred Securities.

ASSET GUARANTEE PROGRAM

Footnote Date

Seller Transaction 

Type Investment Description Guarantee Limit

Premium 

Received

Footnote Date 

Transaction 

Type Investment Description Investment Amount

Pricing 

Mechanism
Name of Institution City State

1 3/3/2009 TALF LLC Wilmington DE Purchase Debt Obligation w/ Additional Note $ 20,000,000,000 N/A

TOTAL $ 20,000,000,000

Seller 

Name of Institution City State 

Transaction 

Type Investment Description Investment Amount

Pricing 

Mechanism Transaction Type 

11/25/2008 AIG New York NY Purchase Preferred Stock w/ Warrants 40,000,000,000 $ Par 4/17/2009 Exchange Preferred Stoc

3 4/17/2009 AIG New York NY Purchase Preferred Stock w/ Warrants 29,835,000,000 $ Par 2

TOTAL $ 69,835,000,000

1/ On 4/17/2009, Treasury exchanged its Series D Fixed Rate Cumulative Preferred Shares for Series E Fixed Rate Non-Cumulative Preferred Shares with no change to Treasury's initial investment amount. In addition, in order for AIG to fobligation to Treasury of $1,604,576,000 to reflect the cumulative unpaid dividends for the Series D Preferred Shares due to Treasury through and including the exchange date.2/ The investment price reflects Treasury's commitment to invest up to $30 billion less a reduction of $165 million representing retention payments AIG Financial Products made to its employees in March 2009.

3/ This transaction does not include AIG's commitment fee of an additional $165 million scheduled to be paid from its operating income in three equal installments over the five-year life of the facility.

1/ The loan was funded through TALF LLC, a special purpose vehicle created by The Federal Reserve Bank of New York. The amount of $20,000,000,000 represents the maximum loan amount. The loan will be incrementally funded.

SYSTEMICALLY SIGNIFICANT FAILING INSTITUTIONS

Footnote Date 

Purchase Details Exc

 Date Investme

CONSUMER AND BUSINESS LENDING INITIATIVE INVESTMENT PROGRAM

Footnote Date

Seller Transaction 

Type Investment Description Investment Amount

Pricing 

Mechanism
Servicer Modifying Borrowers' Loans

Name of Institution City State 

4/13/2009 Select Portfolio Servicing Salt Lake City UT Purchase Financial Instrument for Home Loan Modifications $ 376,000,00

4/13/2009 CitiMortgage, Inc. O'Fallon MO Purchase Financial Instrument for Home Loan Modifications $ 2,071,000,004/13/2009 Wells Fargo Bank, NA Des Moines IA Purchase Financial Instrument for Home Loan Modifications $ 2,873,000,004/13/2009 GMAC Mortgage, Inc. Ft. Washington PA Purchase Financial Instrument for Home Loan Modifications $ 633,000,00

4/13/2009 Saxon Mortgage Services, Inc. Irving TX Purchase Financial Instrument for Home Loan Modifications $ 407,000,00

4/13/2009 Chase Home Finance, LLC Iselin NJ Purchase Financial Instrument for Home Loan Modifications $ 3,552,000,00

4/16/2009 Ocwen Financial Corporation, Inc. West Palm Beach FL Purchase Financial Instrument for Home Loan Modifications $ 659,000,00

4/17/2009 Bank of America, N.A. Simi Valley CA Purchase Financial Instrument for Home Loan Modifications $ 798,900,004/17/2009 Countrywide Home Loans Servicing LP Simi Valley CA Purchase Financial Instrument for Home Loan Modifications $ 1,864,000,00

4/20/2009 Home Loan Services, Inc. Pittsburgh PA Purchase Financial Instrument for Home Loan Modifications $ 319,000,00

HOME AFFORDABLE MODIFICATION PROGRAM

Date 

Transaction 

Type Investment Description 

Cap of Incentive Paymen

on Behalf of Borrowers 

and to Servicers & 

Lenders/Investors (Cap) 

4/20/2009 Wilshire Credit Corporation Beaverton OR Purchase Financial Instrument for Home Loan Modifications $ 366,000,00

4/24/2009 Green Tree Servicing LLC Saint Paul MN Purchase Financial Instrument for Home Loan Modifications 156,000,00

$ 

4/27/2009 Carrington Mortgage Services, LLC Santa Ana CA Purchase Financial Instrument for Home Loan Modifications 195,000,00

$ 

5/1/2009 Aurora Loan Services, LLC Littleton CO Purchase Financial Instrument for Home Loan Modifications 798,000,00

$ 

5/28/2009 Nationstar Mortgage LLC Lewisville TX Purchase Financial Instrument for Home Loan Modifications 101,000,00

$ 

6/12/2009 Residential Credit Solutions Fort Worth TX Purchase Financial Instrument for Home Loan Modifications 19,400,00

$ 

6/17/2009 CCO Mortgage Glen Allen VA Purchase Financial Instrument for Home Loan Modifications 16,520,00

$ 

6/17/2009 RG Mortgage Corporation San Juan PR Purchase Financial Instrument for Home Loan Modifications 57,000,00

$ 

6/19/2009 First Federal Savings and Loan Port Angeles WA Purchase Financial Instrument for Home Loan Modifications 770,00

$ 

6/19/2009 Wescom Central Credit Union Anaheim CA Purchase Financial Instrument for Home Loan Modifications 540,00

$ 

6/26/2009 Citizens First Wholesale Mortgage Company The Villages FL Purchase Financial Instrument for Home Loan Modifications 30,00

$ 

6/26/2009 Technology Credit Union San Jose CA Purchase Financial Instrument for Home Loan Modifications 70,00

$ 

6/26/2009 National City Bank Miamisburg OH Purchase Financial Instrument for Home Loan Modifications 294,980,00

$ 

7/1/2009 Wachovia Mortgage, FSB Des Moines IA Purchase Financial Instrument for Home Loan Modifications 634,010,00

$ 

7/1/2009 Bayview Loan Servicing, LLC Coral Gables FL Purchase Financial Instrument for Home Loan Modifications 44,260,00

$ 

7/10/2009 Lake National Bank Mentor OH Purchase Financial Instrument for Home Loan Modifications 100,00

$ 

7/10/2009 IBM Southeast Employees' Federal Credit Union Delray Beach FL Purchase Financial Instrument for Home Loan Modifications 870,00

$ 

7/17/2009 MorEquity, Inc. Evansville IN Purchase Financial Instrument for Home Loan Modifications 23,480,00

$ 

7/17/2009 PNC Bank, National Association Pittsburgh PA Purchase Financial Instrument for Home Loan Modifications 54,470,00

$ 

7/17/2009 Farmers State Bank West Salem OH Purchase Financial Instrument for Home Loan Modifications 170,00

$ 

7/17/2009 ShoreBank Chicago IL Purchase Financial Instrument for Home Loan Modifications 1,410,00

$ 

7/22/2009 American Home Mortgage Servicing, Inc Coppell TX Purchase Financial Instrument for Home Loan Modifications 1,272,490,00

$ 

7/22/2009 7/22/2009 Mortgage Center LLC Mortgage Center, LLC So thfield Southfield MI P rchase Purchase Financial Instrument for Home Loan Modifications 4,210,00

Fi i l I t t f H L M difi ti $ 

4 210 00

7/22/2009 Mission Federal Credit Union San Diego CA Purchase Financial Instrument for Home Loan Modifications 860,00

$ 

7/29/2009 First Bank St. Louis MO Purchase Financial Instrument for Home Loan Modifications 6,460,00

$ 

7/29/2009 Purdue Employees Federal Credit Union West Lafayette IN Purchase Financial Instrument for Home Loan Modifications 1,090,00

$ 

7/29/2009 Wachovia Bank, N.A. Charlotte NC Purchase Financial Instrument for Home Loan Modifications 85,020,00

$ 

7/31/2009 J.P.Morgan Chase Bank, NA Lewisville TX Purchase Financial Instrument for Home Loan Modifications 2,699,720,00

$ 

7/31/2009 EMC Mortgage Corporation Lewisville TX Purchase Financial Instrument for Home Loan Modifications 707,380,00

$ 

8/5/2009 Lake City Bank Warsaw IN Purchase Financial Instrument for Home Loan Modifications 420,00

$ 

8/5/2009 Oakland Municipal Credit Union Oakland CA Purchase Financial Instrument for Home Loan Modifications 140,00

$ 

8/5/2009 HomEq Servicing North Highlands CA Purchase Financial Instrument for Home Loan Modifications 674,000,00

$ 
Servicer Modifying Borrowers' Loans

Name of Institution City State 

Date 

Transaction 

Type Investment Description 

Cap of Incentive Paymen

on Behalf of Borrowers 

and to Servicers & 

Lenders/Investors (Cap) 

8/12/2009 Litton Loan Servicing LP Houston TX Purchase Financial Instrument for Home Loan Modifications 774,900,00

$ 

8/12/2009 PennyMac Loan Services, LLC Calasbasa CA Purchase Financial Instrument for Home Loan Modifications 6,210,00

$ 

8/12/2009 Servis One, Inc. Titusville PA Purchase Financial Instrument for Home Loan Modifications 29,730,00

$ 

8/28/2009 OneWest Bank Pasadena CA Purchase Financial Instrument for Home Loan Modifications 668,440,00

$ 

8/28/2009 Stanford Federal Credit Union Palo Alto CA Purchase Financial Instrument for Home Loan Modifications 300,00

$ 

8/28/2009 RoundPoint Mortgage Servicing Corporation Charlotte NC Purchase Financial Instrument for Home Loan Modifications 570,00

$ 

Total Initial Cap $ 23,248,920,00

TOTAL CA

1/ The Cap of Incentive Payments represents the potential total amount allocated to each servicer and includes the maximum amount allotted for all payments on behalf of borrowers and pThe Cap is subject to adjustment based on the total amount allocated to the program and individual servicer usage for borrower modifications. Each adjustment to the Cap is reflected und2/ On July 31, 2009, the SPA with Chase Home Finance, LLC was terminated and superseded by new SPAs with J.P. Morgan Chase Bank, NA and EMC Mortgage Corporation.