Troubled Assets Relief Program (TARP)

Monthly 105(a) Report – April 2010

May 10, 2010

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

Section Key Developments ..................................................................................................................Where is TARP Money Going? .......................................................................................................................Program Updates .....................................................................................................................

• Dividends and Interest Received • Capital Purchase Program • Automotive Industry Financing Program • Consumer and Bank Lending Initiatives • HFA Hardest-Hit Funds • Office of the Special Master • Bank Lending and Intermediation Surveys • Congressional Hearings 

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

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

Appendix 2 – Making Home Affordable Servicer Performance Report Appendix 3 – Legacy Securities Public-Private Investment Program Quarterly Report Appendix 4 – Financial Statement
Monthly 105(a) Report 

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

The Troubled Assets Relief Program or TARP was established by Treasury pursuant to the Emergency Economic EESA. This law was adopted on October 3, 2008 in response to the severe financial crisis facing our country. To developed a number of programs under TARP to stabilize our financial system and housing market, which, together and Reinvestment Act, laid the financial foundation for economic recovery. In December 2009, the Secretary of the Trof TARP authority until October 2010 as permitted under the law, and outlined a strategy for going forward that balancthreats to the financial system that could undermine economic recovery with the need to exercise fiscal discipline taxpayers. In an April 23, 2010, letter to Congress, Secretary of the Treasury Geithner provided the following updates on TARP:1

• Treasury is ending the Troubled Asset Relief Program as quickly as possible. The major programs to support 

Treasury is recovering much of the support provided to financial institutions. 

• The cost of the TARP will be far less than originally anticipated. Treasury expects to spend less than $550 bil

authorized, and expects to recover all but $117 billion of that amount.2

• Treasury has already recovered almost $185 billion of the amount disbursed, and taxpayers have received 

returns for taxpayers.3

• The expected fiscal cost of TARP and other forms of government intervention to address the financial crisis h

In early 2009, Treasury estimated that the fiscal cost of TARP and additional financial stabilization efforts coul

or 3.5 percent of GDP. It is now expected that the direct costs of all financial interventions will be less than 1 pis less than the GAO’s estimate of the net fiscal cost of 2.4 percent of GDP to clean up the savings and loan cdo not, of course, reflect the full cost of financial crises which must be measured in terms of lost jobs and incothe economic downturn on American families, communities and businesses. 

1 A copy of the letter is available at: http://www.FinancialStability.gov/docs/EESA%20Update%20-%20TFG%20to%20Congress%20042310.pdf2 Represents the deficit impact of TARP. 3 As of April 30, 2010, repayments across all TARP programs was approximately $187 billion (see Figure 1) and other returns was more than $20 
Monthly 105(a) Report 

Key Developments The following key developments took place during April 2010 under existing TARP programs: • Under the Capital Purchase Program (CPP): 

3⁄4 More than $137 billion of the $205 billion invested under the CPP has been returned to the taxpayer. 3⁄4 Treasury announced its intention to conduct public auctions to dispose of warrants of Wells Fargo & Co., PNC F

(PNC), Comerica Inc., Valley National Bancorp, Sterling Bancshares, Inc. and First Financial Bancorp. O

conducted an auction for the warrants issued by PNC with gross proceeds of $324 million. 

3⁄4 Treasury began selling its shares of common stock in Citigroup, Inc. (Citigroup). (See Program Updates – CPP 3⁄4 Treasury voted its shares of Citigroup common stock at the company’s annual meeting, in accordance with th

by Treasury. (See Appendix 1 – How Treasury Exercises Its Voting Rights.)4

• Under the Automotive Industry Financing Program (AIFP): 

3⁄4 The Automotive Supplier Support Program (ASSP), under which Treasury had provided loans to ensure that 

compensation for their services and products, was closed. All loans made by Treasury under the program were approximately $101 million in additional income to Treasury. 

3⁄4 General Motors Company (New GM) repaid the balance of its loan from Treasury. Treasury continues to hold 

and 60.8% of New GM’s common equity. (See Program Updates – AIFP.)

• Under the Home Affordable Modification Program (HAMP), which offers a standardized, streamlined mortga

financial incentives to encourage servicers and investors to undertake sustainable mortgage modifications, TrePerformance Report with data through March 2010. Please refer to the complete Servicer Performance Report 

3⁄4 Through March 2010, more than 230,000 homeowners now have permanent modifications, and 108,000 additi

have been approved by servicers and are pending only borrower acceptance. 

4 When it acquired the Citigroup common shares, Treasury announced that it would retain the discretion to vote only on core shareholder is

contained Treasury’s press release dated April 21, 2010 available at http://www.FinancialStability.gov/latest/pr_04202010.html. 
Monthly 105(a) Report 

3⁄4 As of April 30, 2010, Treasury has disbursed approximately $130 million for payments under HAMP. 

• Under the Legacy Securities Public-Private Investment Program (PPIP), Treasury released its second quarte

PPIP capital activity, portfolio holdings and current pricing, and fund performance. Please refer to complete PPIP 

as Appendix 3. 

3⁄4 As of March 31, 2010, the participating PPIP fund managers had raised an aggregate of $6.3 billion in private 

Investment Funds (PPIFs). Together with equity and debt financing provided by Treasury, these PPIFs ha

available to acquire legacy mortgage-backed and other asset-backed securities. 

• Treasury now expects to make – not lose – money on the $245 billion of investments in banks made through TAR

contrast to the original estimate in the President's Budget for 2010 that Treasury’s investments in the banks would c3⁄4 As of April 30th, banks have returned more than $177 billion in taxpayer investments – nearly 75% of all TARP 

system. Repayments from all TARP recipients are approximately $187 billion, well ahead of last fall’s projec

repayment of nearly forty-nine percent of all TARP disbursements. 

3⁄4 TARP has received more than $18 billion in dividends, interest and warrant proceeds from banks. (See Figure 

• The total cost of all TARP programs is significantly less than expected. Since January 2009, Treasury has take

down the cost of TARP and to shift its focus to small business and housing. Investments in AIG, General Motors, C

result in some loss, but are projected to be much lower than was forecast last year. 3⁄4 The projected cost of TARP in the President’s Budget for 2011 is less than $117 billion (including offsetting in

significant decrease from the $341 billion estimated in the midsession review of the President’s Budget for 2010

5 See footnote 2. 
Monthly 105(a) Report 

Where is TARP Money Going? Although TARP authority has been extended, Treasury has notified Congress that it does not expect to use more tbillion authorized for TARP. Treasury has used this authority to make investments that have helped to stabilize confidence in the strength of our financial institutions, restart markets that are critical to financing American housprevent avoidable foreclosures in the housing market and keep people in their homes. As of April 30, 2010, approxiplanned for TARP programs, and of that amount:6

• $489.86 billion has been committed to specific institutions under signed contracts. • $381.76 billion has been paid out by Treasury under those contracts. A large part of the total investments to date occurred in 2008 under the Capital Purchase Program. The commit

amounts extended under the Obama Administration’s Financial Stability Plan. These include funds committed Modification Program, the Legacy Securities Public-Private Investment Program, the Automotive Industry Financprograms described in this report (and Appendix 1). Taxpayers can track progress on all of the financial stability programs and investments, as well as repayme

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

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

Figure 1 shows the planned TARP investment amounts together with the total funds disbursed and investments that h

as of April 30, 2010. Figure 2 shows the planned TARP investments by program as of April 30, 2010. 

6 See footnotes * and ** to Figure 1. 
Monthly 105(a) Report 

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

Repayme

Capital Purchase Program $ 204.89 $ 204.89 $ 204.89 $ 1

Targeted Investment Program $ 40.00 $ 40.00 $ 40.00 $ Asset Guarantee Program $ 5.00 $ 0.00 $ 0.00 $ Consumer and Business Lending Initiative* $ 52.00 $ 20.06 $ 0.13 $ 

Legacy Securities Public-Private Investment Program $ 30.00 $ 30.36 $ 9.36 $ 

AIG $ 69.84 $ 69.84 $ 47.54 $ 

Auto Industry Financing Program $ 84.84 $ 84.84 $ 79.69 $ 

Home Affordable Modification Program** $ 50.00 $ ** 39.87 $ ** 0.13 $ 

 Totals $536.58 * $489.86 $381.76 $1

* $52 billion has been reserved for the Consumer and Business Lending Initiative, of which $20 billion has been allocated to the Term Asset-Backed Securities Lending Facility. While $30 blending program, the Treasury has proposed creating a $30 billion Small Business Lending Fund separate from TARP through legislation. Not more than $1 billion is planned for the Small BusPurchase Program and not more than $1B is planned for the Community Development Capital Initiative.** In Figure 1, TARP funds for the Home Affordable Modification Program do not include $1.26 billion to offset costs of program changes for the "Helping Families Save Their Homes Act of 2009relating to the Special Inspector General for the TARP ($15 million). Including the foregoing, as of April 30, 2010, total TARP commitments and amounts paid out as adjusted were $491.12 billion 

Commitments Total Disbursed Planned Investments

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

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

CPP

$205 

AIFP

$85 

AIG

$70 

CBLI

$52 

HAMP

$50 

TIP

$40 

PPIP

$30 

AGP

$5 
Monthly 105(a) Report 

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

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

-$20

$0

$20$40$60$80

$100$120$140$160$180

Billions

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

Program Updates Dividends, Interest and Other Income Received

Most of the TARP money has been used to make investments in preferred stock or loans of financial institutions.7

• In April, Treasury received approximately $170.54 million in dividends, interest and distributions from TARP investm

million in warrant proceeds from CPP investments, and approximately $101 million in income from other TARP inve

• Total proceeds from TARP investments are approximately $14 billion of dividends, interest and distributions, $6 b

CPP and the Targeted Investment Program (TIP) investments, and more than $136 million in income from other TA

Figure 4 shows total income from dividends, interest and distributions, and from warrant sales and other investments in 

Figure 4: Total dividends, interest and distributions, warrant sales and other income from TARP investments t ($ billions) 

7 Numbers in text and tables may not add up because of rounding. 

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

CPP

$9.01 

Other 

Proceeds

$0.14 

CPP & TIP 

Warrant 

Proceeds

$5.98 

AGP

$0.37 

AIFP

$1.81 

PPIP

$0.05 

TIP

$3.00 
Monthly 105(a) Report 

Capital Purchase Program

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

throughout the nation. This program is now closed, and of $205 billion invested, more than $137 billion has alreadexpects the program will result in a positive return for taxpayers. Details on the Capital Purchase Program are av

http://www.FinancialStability.gov/roadtostability/capitalpurchaseprogram.html. Figure 5 shows the cumulative CPP act

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

Number of Institutions: 707* Total Dividends and Interest 

Amount Invested: $204.9 billion April Dividends and Interest $13.18 million

Largest Investment: $25 billion Total Fee Income 

Smallest Investment: $301,000

Total Warrant Income**  Number of Institutions 52 CPP Repurchase Amount $2.95 billion

Total Amount of Repayments: $137.27 billion CPP & TIP Auction Amount $3.03 billion Number of Institutions Fully Repaid: 70 CPP Total Income  Number of Institution Partially Repaid: 9 **Includes TIP warrants and proceeds from exercised 

CPP Cumulative Investments

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

CPP Income to Treasury

CPP Repayments

Repayments Seventy (70) of the banks that received investments under CPP have repaid Treasury in full. Treasury continues regulators who must evaluate requests from CPP participants interested in repaying Treasury’s investment. Warrant Auctions Treasury announced its intention to conduct public auctions to dispose of warrant positions in Wells Fargo & Co., PNInc., Comerica Inc., Valley National Bancorp, Sterling Bancshares, Inc. (WA) and First Financial Bancorp. On April 29, 

auction for the warrants issued by PNC with gross proceeds of $324 million. 
Monthly 105(a) Report 

Dividends and Interest and Other Income Cumulative dividends and interest together, with other income including warrant proceeds, received from CPP investmapproximately $15 billion. Citigroup, Inc. Pursuant to the June 2009 Exchange Agreement between Treasury and Citigroup, which was part of a series of exCitigroup to strengthen its capital base, Treasury exchanged the $25 billion in preferred stock it received in connection in the Capital Purchase Program for common stock at a price of $3.25 per common share for approximately 7.7 billio

Treasury gave Morgan Stanley & Co. Incorporated (Morgan Stanley) discretionary authority as its financial agent to sthe Citigroup common stock from time to time during the period ending on June 30, 2010. Treasury expects to authority to sell additional shares after this initial amount. To enable these sales, Citigroup has filed a prospectus suand Exchange Commission covering Treasury’s common stock. The sales of common stock do not cover Treasurypreferred securities or warrants for common stock. Exchange for Other Securities The overriding objective of EESA was to “restore liquidity and stability to the financial system of the United States” in overall returns to the taxpayers.” Consistent with the statutory requirement, Treasury’s four portfolio management gu

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

disruption of financial markets and the economy; (iii) bolster market confidence to increase private capital inveinvestments as soon as practicable, in a timely and orderly manner that minimizes financial market and economic impaIn limited cases, in order to protect the taxpayers’ interest in the value of the CPP investment and strengthen the capitamay participate in exchanges of CPP preferred stock for other securities. In April, Treasury conducted an exchanmandatorily convertible preferred stock (MCP) of a financial institution that is seeking to attract fresh equity inrestructuring and strengthen its capital position. Treasury also entered into an exchange agreement with another finansimilar exchange. 

• Independent Bank Corporation, MI (Independent). On April 16, 2010, Treasury completed the exchange its 

investment in CPP preferred stock, plus approximately $2.4 million in unpaid and accrued dividends, for $74.Independent issued an amended and restated warrant (with a lower exercise price). The exchange is part of aunder which Independent has the right to convert all or a portion of Treasury’s MCP into common stock upcertain conditions including (i) Independent raising a minimum of $100 million new common stock, and (ii) aIndependent’s trust preferred securities being exchanged for common stock. The MCP will convert into common anniversary of its issuance, and will have the same terms as the CPP preferred stock until conversion. 
Mo t n hly 105(a) Report 

• Sterling Financial Corporation, WA. On April 29, 2010, Treasury agreed to exchange its $303 million of initial in

stock for an equivalent amount of MCP, subject to the receipt of regulatory and stockholder approvals. Thconverted to common stock, subject to the fulfillment by the bank of the conditions related to its capital plan. 

Automotive Industry Financing Program

Automotive Supplier Support Program The ASSP, under which Treasury had provided loans to ensure that auto suppliers receive compensation for their s

following full repayment of all outstanding loans from Treasury to General Motors and Chrysler and the payment in million in additional income to Treasury. GM Loan Repayment The Automotive Industry Financing Program was developed in December 2008 to prevent a significant disruption of because the potential for such a disruption posed a systemic risk to financial market stability and would have had a negAs previously reported, short-term funding was initially provided to General Motors (GM) on the condition that it develoviability. In July 2009, GM successfully conducted in bankruptcy proceedings sales of its assets to a new entity, GeTreasury converted approximately $49 billion of loans that had been provided to GM into investments in New GM common equity, $2.1 billion in preferred stock, and $6.7 billion in outstanding loans. In December 2009, New GM bega

billion on its loan from Treasury. In January 2010, New GM and Treasury amended the loan agreement to require exapplied to repay the loan by June 30, 2010. New GM made its second $1 billion loan repayment in March 2010. On April 20, 2010, New GM repaid the remaining Treasury loan with cash it held in an escrow account, over which TThe escrow account was funded with proceeds of the debtor-in-possession financing provided to GM during the baproperty of New GM to be used for extraordinary expenses and a portion of the funds were so used. In making idetermined that it did not need to retain the escrowed funds for expenses. Consistent with Treasury’s goal of recoverinexiting TARP investments as soon as practicable, Treasury approved New GM’s loan repayment. After repaymebalance of the funds in the account is available for New GM’s general use. Treasury continues to hold $2.1 billion in New GM’s common equity; thus not all TARP assistance has been recovered. Treasury expects the most likely investments is a gradual sale beginning with an initial public offering of New GM. 
Monthly 105(a) Report 

Chrysler On April 30, 2010, the Plan of Liquidation for the debtors of Old Carco LLC (Old Chrysler) approved by the United StaSouthern District of New York became effective (the “Liquidation Plan”). Under the Liquidation Plan, the approxiTreasury had provided to Old Chrysler was extinguished without repayment, and all assets of Old Chrysler were tranTreasury retained the right to recover the proceeds from the liquidation of the specified collateral security attached to sa significant recovery from the liquidation proceeds. Consumer and Business Lending Initiatives

Community Development Capital InitiativeTreasury has released the final program terms for the new Community Development Capital Initiative (CDCI), originally 

to invest lower-cost capital in Community Development Financial Institutions (CDFIs) that operate in markets undersinstitutions. CDFIs are banks, thrifts, bank holding companies, savings and loan holding companies, and credit unipercent of their small business lending and other economic development activities to low- and moderate-income codeadline to participate in the CDCI was April 30, 2010. Small Business and Community Lending Initiatives - SBA 7a Securities Purchase Program In March 2009, Treasury and the Small Business Administration announced several initiatives directed at enhancing including a Treasury program to purchase SBA guaranteed securities (“pooled certificates”). Treasury has developed SBA guaranteed securities from one pool assembler. As of April 30, 2010, Treasury has agreed to purchase secamount of approximately $54 million. Term Asset-Backed Securities Loan Facility (TALF) A joint Treasury-Federal Reserve program, the Term Asset-Backed Securities Loan Facility supported by TARP, over tenabled the securitization markets important for consumer and small business loans to improve. The recovery of thhelped lower the cost of that credit to, among others, car companies, student loan companies and many small bu

making loans against collateral other than newly issued commercial mortgage-backed securities, and the final commercial mortgage-backed securities is expected in June 2010. The TALF operated as a lending facility of the FYork (FBRNY) to provide term non-recourse loans collateralized by AAA-rated asset-backed securities (ABS). The 

recently originated auto loans, student loans, credit card loans, equipment loans, floor plan loans, insurance premimortgage servicing advances, or commercial mortgage loans, including legacy commercial mortgage loans, collaterathe Small Business Administration. Treasury provided credit support for TALF. If a borrower does not repay the term 
Monthly 105(a) Report 

its rights in the collateral and sell the collateral to a special purpose vehicle (SPV) established specifically for the managing such assets. This SPV funding includes a $20 billion subordinated loan commitment from Treasury. Housing Finance Agency Innovation Funds for the Hardest Hit Housing Markets (HFA Hardest-Hit Funds)

In February, the Obama Administration Treasury announced a new initiative to help address the housing problems faFlorida, Arizona, Michigan and Nevada) that have suffered an average home price drop of more than 20 percent froinitiative will make available up to $1.5 billion of TARP funds to support pilot programs developed or sponsored by sta(HFAs) to foster innovative solutions to housing problems, such as those caused by unemployment, loan-to-value ratiosecond mortgages. Eligible states and funds will be allocated among eligible states based on a formula that takes acand unemployment in the relevant state. In March, the Obama Administration announced the establishment of an additional HFA Hardest-Hit Fund that wil(North Carolina, Ohio, Oregon, Rhode Island and South Carolina) with high shares of their population living in local aredistress. The second HFA Hardest-Hit Fund will include up to $600 million in funding for innovative measures to help fotherwise avoid foreclosure. As with the first fund, money will be made available for programs sponsored or devtargeted states. The deadline for HFAs to submit proposals for the First HFA Hardest-Hit Fund was April 16, 2010. Treasury is curreexpects to be in a position to approve proposals by early June. The deadline for HFAs to submit proposals for the SecJune 1, 2010. Office of the Special Master for TARP Executive Compensation

In April 2010, the Office of the Special Master issued rulings on 2010 compensation structures for all executive officers highly compensated employees at each remaining recipient of exceptional financial assistance under the TARP - A(AIG), Chrysler, Chrysler Financial, General Motors, and GMAC. Previously in March, the Office of the Special Mas2010 compensation structures, including payments made pursuant to those structures, for the senior executive officers employees (i.e. the “Top 25” employees) of those exceptional assistance companies. (See Appendix 1 – Office of tExecutive Compensation – 2010 Rulings.) For complete information, including copies of the determinhttp://www.FinancialStability.gov/about/ExecutiveCompensation.html. 
Monthly 105(a) Report 

Bank Lending and Intermediation Surveys

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

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

easily assess the lending. The Monthly Lending and Intermediation Snapshot provides data on the lending and other intermediation activitiefinancial institutions. Beginning with the December 2009 Snapshot (released in February 2010), institutions that submitted data to Treasury. In subsequent Snapshots, the reporting group will continue to contract, as additional frepayments. Treasury will not publish a summary analysis going forward, as aggregate month to month changes are reporting group contracts. Treasury will continue to publish the individual bank submissions and the underlying data frosubmit Snapshot data. For complete information, including individual banks’ reports, please visit http://www.FinancialStability.gov/impact/MonthlyLendingandIntermediationSnapshot.htm. The CPP Monthly Lending Report provides data on consumer lending, commercial lending, and total lending for all below summarizes total loan activity among all CPP participants.8

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

are not adjusted. The decrease in balances from November 2009 to December 2009 is reflective of the decrease in the reporting group. 
Monthly 105(a) Report 

Treasury has also initiated an annual Use of Capital Survey to obtain insight into the lending, financial intermediation, of all recipients of government investment through CPP funds. The survey is designed to capture representative infwithout imposing excessive burdens on institutions, and will cover how each financial institution has employed the cfrom the date it initially received the funds until the end of 2009. Treasury will also publish summary balance sinformation from each institution’s regulatory filings. Collection of the Use of Capital survey data began during Marcsecond calendar quarter of 2010. 

Date

Number of

Respondents

Total Average

Consumer Loans

Total Average

Commercial Loans

Total Average Total

Loans

2/28/2009 519 $2,898,031 $2,380,691 $5,278,6623/31/2009 553 $2,885,662 $2,359,016 $5,244,6904/30/2009 541 $2,852,650 $2,329,536 $5,182,1825/31/2009 612 $2,843,527 $2,346,620 $5,190,1656/30/2009 604 $2,812,225 $2,429,930 $5,242,1567/31/2009 604 $2,803,284 $2,344,395 $5,147,6798/31/2009 649 $2,789,108 $2,328,433 $5,117,5429/30/2009 652 $2,795,012 $2,267,421 $5,062,43410/31/2009 656 $2,769,231 $2,252,352 $5,021,58411/30/2009 658 $2,760,947 $2,238,187 $4,999,13512/31/2009 640 $928,204 $1,011,277 $1,939,481

12/31/2009 (Adjusted) 640 $928,204 $1,011,277 $1,939,4811/31/2010 643 $938,918 $1,017,911 $1,956,8291/31/2010 (Adjusted) 640 $938,812 $1,017,374 $1,956,186

Change (Dec Adjusted to Jan Adjusted) 1.14% 0.60% 0.86%

All CPP Recipients
Monthly 105(a) Report 

Congressional Testimony During April, Treasury officials appeared at the following Congressional hearings: U.S. Senate, Committee on Appropriations Subcommittee on Financial Services and General Government “Holding Banks Accountable: Are Treasury and Banks Doing Enough To Help Families Save Their Homes?” Secretary of the Treasury, Timothy F. Geithner http://www.Treasury.gov/press/releases/tg674.htm

U.S. House of Representatives, Committee on Appropriations Subcommittee on Financial Services and General Government “Financial Crisis and TARP” Assistant Secretary of the Treasury for Financial Stability, Herbert M. Allison, Jr. http://www.FinancialStability.gov/latest/tg_04222010.html

U.S. House of Representatives, Committee on Financial Services“Public Policy Issues Raised by the Report of the Lehman Bankruptcy Examiner” Secretary of the Treasury, Timothy F. Geithnerhttp://www.FinancialStability.gov/latest/tg_04202010.htmlU.S. House Committee on Financial Services Subcommittee on Housing and Community Opportunity “The Recently Announced Revisions to the Home Affordable Modification Program” Chief, Home Ownership Preservation Office, Phyllis Caldwell http://www.MakingHomeAffordable.gov/pr_04152010.html
Monthly 105(a) Report April 2010

Certification

As Assistant Secretary for Financial Stability at the United States Department of the Treasury, I am the official with delegated authority to approve purchases of troubled assets under the Troubled Assets Relief Program. I certify to the Congress that each decision by my office to approve purchases of troubled assets during this reporting period was based on the office’s evaluation of the facts and circumstances of each proposed investment,

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

Act of 2008.

Herbert M. Allison, Jr.

Assistant Secretary

Office of Financial Stability
Monthly 105(a) Report 

Appendix 1 

Description of TARP Programs & How Treasury Exercises Its Voting R

Section 

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

What is the Capital Purchase Program (CPP)? 

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

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

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

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

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

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

closings occurred in December 2009. 

• This program is now closed. Of $205 billion invested, as of month-end, approximately more than $137 billion h

Treasury expects the CPP will result in a positive return for taxpayers. 

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

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

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

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

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

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

unpaid dividends or interest. 

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

do not trade on any market and do not have observable market prices. If the bank wishes to repurchase warranprocess is used to establish fair market value. If an institution chooses not to repurchase the warrants, Treasury is In November and December 2009, Treasury began public offerings registered with the Securities and Exchange warrants using a modified Dutch auction methodology. For more information is available in the Warrant Dis

http://www.financialstability.gov/docs/TARP%20Warrant%20Disposition%20Report%20v4.pdf
Monthly 105(a) Report 

• The charts below show the number of banks by investment amount (left) and total CPP funds disbursed by investm• In limited cases, in order to protect the taxpayers’ interest in the value of the CPP investment strengthen the cap

Treasury may participate in exchanges of CPP preferred stock for other securities. 

381

271

55

0

50

100150200250300350400450

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

$2.15 

$13.29 

$0

$20$40$60$80

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

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

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

• The Supervisory Capital Assessment Program and Capital Assistance Program were important components of t

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

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

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

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

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

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

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

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

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

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

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

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

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

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

What was the Asset Guarantee Program (AGP)?

• Under the AGP, Treasury acted to support the value of certain assets held by qualifying financial instituti

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

• The program is closed. Treasury expects it will result in a positive return to the taxpayers. Who received assistance under the AGP? Citigroup Bank of America• TARP funds were committed as a reserve to cover up to $5 billion of possible losses 

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

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

Federal Reserve Bank of New York (FRBNY) and Citigroup, agreed to terminate Citigroup's AGP agreement, pursuant to which: (1) Treasury’s guarantee commitment was terminated, (2) Treasury agreed to cancel $1.8 billion of the trust preferred securities issued by Citigroup from $4.034 billion to $2.234 billion for early termination of the guarantee, (3) the FDIC and Treasury agreed that, subject to certain conditions, the FDIC would transfer up to $800 million of trust preferred securities to Treasury at the close of Citigroup’s participation in the FDIC’s Temporary Liquidity Guarantee Program, and (4) Citigroup agreed to comply with the determinations of the Special Master for TARP Executive Compensation as if its obligations related to exceptional financial assistance had remained outstanding through December 31, 2009 and (in addition to compliance with the executive compensation provisions of EESA’s Section 111, as amended) to permit, for 2010, the Federal Reserve Board of Governors, in consultation with the Office of the Comptroller of the Currency and the FDIC, to review the actual incentive compensation arrangements for Citigroup’s top 30 earners to be sure they comport with the Board of Governors’ incentive compensation principles as set forth in the Board of Governors’ guidance. 

• In January 2009, Tre

Reserve and the FDIpotential losses on a financial instruments America, consisting of residential and commerand corporate debtransactions that refereloans and associated h

• In September 2009, T

Reserve and Bank of terminate the asset guaannounced in January with that termination athe benefits provided term sheet for such arAmerica paid the U.Smillion, including $276 m
Monthly 105(a) Report 

What is the Targeted Investment Program (TIP) and the AIG Investment?

• Pursuant to EESA, Treasury has provided exceptional assistance on a case-by-case basis in order to stabilize ins

systemically significant to prevent broader disruption of financial markets. 

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

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

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

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

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

Citigroup under the TIP. 

• The program is closed. Treasury expects it will result in a positive return for taxpayers. How does the AIG Investment work? The Federal Reserve loans to AIG were carried out through the Federal Reserve Bank of New York (“FRBNY”) under Federal Reserve Act to lend on a secured basis under “unusual and exigent” circumstances to companies that are not d• In September 2008, the FRBNY provided an $85 billion credit facility to AIG, subsequently reduced to $60 billion

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

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

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

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

plus accrued dividends, into $41.6 billion of Series E preferred stock. 
Monthly 105(a) Report 

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

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

• As of April 30, 2010, AIG has drawn $7.54 billion from the equity capital facility.

• On April 1, 2010, Treasury exercised its right to appoint two directors to the AIG board of directors.1 Treasury had 

because AIG failed to pay dividends for four quarters on the preferred stock held by Treasury. 

What is the Automotive Industry Financing Program (AIFP)? 

• The Automotive Industry Financing Program (AIFP) was developed in December 2008 to prevent a significant disr

industry, because the potential for such a disruption posed a systemic risk to financial market stability and would hthe economy. Short-term funding was initially provided to General Motors (GM) and Chrysler on the condition that tlong-term viability. In cooperation with the Administration, GM and Chrysler developed satisfactory viability plans abankruptcy proceedings sales of their assets to new entities. Chrysler’s sale process was completed in 42 days andays. Treasury provided additional assistance during the respective periods. 

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

Treasury’s assistance impose a number of restrictions including rigorous executive compensation standards, lim

expenditures and other corporate governance requirements (e.g., the requirement that their compensation commindependent directors).. 

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

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

• As scheduled, the ASSP closed in April 2010 after full repayment of all loans provided under the program. Chrysler• On January 2, 2009, Treasury loaned $4 billion to Chrysler Holding to give it time to implement a viable restructu

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

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

2009, Treasury provided an additional $1.9 billion under a debtor-in-possession financing agreement to assist Chry

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

• On April 30, 2010, following the bankruptcy court’s approval of a Plan of Liquidation for Chrysler, the de

extinguished and the assets remaining with old Chrysler, including collateral security attached to the loan, were traTreasury retained the right to recover the proceeds from the liquidation of the specified collateral, but does not expethe liquidation proceeds. 

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

in default. In July 2009, Chrysler Holding agreed to pay to Treasury the greater of $1.375 billion or 40% of anFinancial received by Chrysler Holdings. In exchange, Treasury agreed to certain forbearance with respect to Chry

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

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

the Government of Canada (2.5%). 

Chrysler Financial

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

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

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

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

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

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

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

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

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

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

and Treasury amended the loan agreement to require cash New GM held in an escrow account to be applied to 2010. After New GM repaid Treasury $1 billion on March 31, 2010, the outstanding loan balance fell to approxim

was repaid in April 2010 from the escrowed funds. 
Monthly 105(a) Report 

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

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

GMAC

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

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

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

purchased $7.5 billion of convertible preferred shares from GMAC and received warrants that Treasury exercise$375 million in convertible preferred shares, which enabled GMAC to partially meet the SCAP requirements. AdditGMAC were contemplated to enable GMAC to satisfy the SCAP requirements. 

• On December 30, 2009, Treasury: 

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

capital securities of GMAC, and $1.25 billion of Mandatorily Convertible Preferred Stock (MCP), and rec

immediately exercised, to purchase an additional $127 million of TRUPs and $63 million of MCP; 

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

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

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

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

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

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

Consumer and Business Lending Initiatives

What is the Community Development Capital Initiative (CDCI)? During February to April 2010, Treasury released final program terms for the new Community Development Capital Inin October 2009, to invest lower-cost capital in Community Development Financial Institutions (CDFIs) that operate traditional financial institutions. CDFIs are banks, thrifts, bank holding companies, savings and loan holding companies more than 60 percent of their small business lending and other economic development activities to low- and moderate-Investments under the CDCI are expected to begin following receipt of applications, which were due by April 30, 2010. • CDFIs will be eligible to receive capital investments of up to 5 percent of risk-weighted assets (3.5 percent of total a• CDCI participants will pay dividends to Treasury at a rate of 2 percent per annum, compared to the 5 percent under 

percent after eight years. 

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

regulator to participate in this program. In cases where a CDFI might not otherwise be approved by its regulator, so long as it can raise enough private capital that – when matched with Treasury capital up to 5 percent of risk-wereach viability. 

• CDFIs participating in the Capital Purchase Program are eligible to exchange the CPP investment into CDCI progra• CDFIs that participate in the program will not be required to issue warrants so long as they receive $100 million or lAdditional details are available at http://www.FinancialStability.gov/roadtostability/comdev.html

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

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

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

term non-recourse loans collateralized by AAA-rated asset-backed securities (ABS) backed by new or recently oloans, credit card loans, equipment loans, floor plan loans, insurance premium finance loans, residential mort
Monthly 105(a) Report 

commercial mortgage loans, including legacy commercial mortgage loans, as well as collateralized by loans guaraAdministration. Treasury provided credit support for TALF as part of Treasury’s Consumer and Business Lending I

• Under TALF, investors requested the FRBNY to make loans secured by eligible consumer, small business AB

backed securities (CMBS) on fixed days each month. Assuming that the borrower and the ABS or CMBS it planneFRBNY’s requirements, the investor received the requested funding. Most borrowers used the loan, together with the ABS that serves as collateral for the TALF loans. 

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

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

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

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

collateral eligible for the TALF. 

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

30, 2010. 

• The chart below shows the increase in issuance of consumer ABS since the launch of TALF through March 2010. 

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

18.5 18.2 

8.2 8.1 

3.6 

0.4 0.5 

1.9 1.3 1.6 

2.0 

5.2 

1.2 

5.8 

2.0 

0.1 

4.4 4.3 

6.6 

0.3 

7.4 

3.9

0.5

8.3 2.9 

13.6 

16.5 

12.6 

9.1 

16.8 

6.6 

6.0 

3.8 

1.5 

4.2

7.2

05

10152025

Total Consumer ABS Issuance

TALF IssuanceNon-TALF Issuance
Monthly 105(a) Report 

What is the Legacy Securities Public-Private Investment Program (S-PPIP)? 

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

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

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

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

legacy loans that would be administered by the FDIC. 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

What is the Home Affordable Modification Program (HAMP)? 

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

February 2009 as part of its Financial Stability Plan. 

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

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

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

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

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

and Freddie Mac. Up to $50 billion of TARP funds will be used to encourage the modification of non-GSE mortgaown and hold in their portfolios (whole loans) and mortgages held in private-label securitization trusts. 
Monthly 105(a) Report 

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

or securitized by GSEs are required to participate in the related GSE’s HAMP for their portfolio of GSE loans. THAMP modifications are funded by the related GSEs from their own resources. 

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

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

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

Home Affordable Foreclosure Alternatives Program (HAFA) are components of MHA.  HPDP provides additional incentive payments for modifications on properties located in areas where home 

purpose of the program is to encourage additional lender participation and HAMP modifications in areas hardand ensure that borrowers in those areas have the opportunity to stay in their homes, thereby minimizing foreclohome values. 

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

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

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

incorporating financial incentives to borrowers, servicers, and investors. The program also ensures pre-approved s

the property on the market and requires that borrowers be fully released from future liability for the debt. 

HAMP Enhancements for Unemployed Homeowners and Principal Write-Downs • In March 2010, the Obama Administration announced enhancements to the Home Affordable Modification Progra

mortgage assistance to some unemployed homeowners, encourage servicers to write-down mortgage debt as pallow more borrowers to qualify for modification through HAMP, and help borrowers move to more affordable hou

possible.2

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

eligibility criteria will have an opportunity to have their mortgage payments temporarily reduced to an affordable 

2 Further information, including the HAMP Improvements Fact Sheet, is available at http://www.FinancialStability.gov/latest/pr_03262010.html
Monthly 105(a) Report 

months, and up to six months for some borrowers, while they look for a new job. If a homeowner does not fin

assistance period is over or if they find a job with a reduced income, they will be evaluated for a permanent H

eligible for HAMP’s alternatives to foreclosure program. There will be no cost to the government or taxpayers fr

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

the use of principal write-downs, servicers will be required to consider an alternative modification approach thawhich includes incentive payments for each dollar of principal write-down by servicers and investors. The 

incentives will be earned by the borrower and lender based on a pay-for-success structure. Servicers will amount as forbearance and will forgive amounts in equal steps over three years, as long as the homeowner rem

3. New and Revised Supplemental Directives. Also in March, four new or revised Supplemental Directives (SD

SD 09-09 Revised provides guidance to servicers for adoption and implementation of the Home Affordable For

program for first lien mortgage loans that are not owned or guaranteed by the GSEs (Fannie Mae or Fred

include:  Increased incentives to provide more homeowners with foreclosure alternatives; 

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

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

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

they can afford. 

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

loans extinguished or partially extinguished in conjunction with 2MP.  Servicers will receive a one-time incentive fee for each fully extinguished second lien based on a formula 

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

SD 10-02 amends policies and procedures related to outreach and communication with homeowners by service

foreclosure actions, and extends HAMP benefits to borrowers who have filed for bankruptcy court protection. S Prohibition of referral to foreclosure until a borrower is evaluated and found ineligible for HAMP or reasonab

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

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

borrowers in bankruptcy for HAMP. 

3 A listing of all Supplemental Directives, and links to PDF versions of each SD, is available at https://www.hmpadmin.com/portal/programs/direct
Monthly 105(a) Report 

SD 10-03 provides guidance for the HAMP pay-for-performance compensation and pay-for-success comp

include borrowers and servicers of Federal Housing Administration (FHA) loans. There are no investor incentiv

with FHA loan. 

FHA Program Adjustments to Support Refinancings for Underwater Homeowners • In March, the Obama Administration announced the FHA Program Adjustments to Support Refinancings for Und

will permit participating lenders to provide additional refinancing options to homeowners who owe more than thelarge declines in home prices.4

• The FHA Refinance option should be available by the fall of 2010. Treasury and FHA expect to issue detailed 

elements for the FHA Refinance Option. 

• TARP funds will be made available up to a total of $14 billion to provide incentives to support the write-downs of 

participation by servicers, and to provide additional coverage for a share of potential losses on these loans.

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

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

latest/reportsanddocs.html. 

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

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

servicer-to-borrower response guidelines, and electronic signature acceptance for modification documents; enhlanguage translations for HAMP information and document summaries; and other web tools for borrowers. 

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

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

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

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

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

servicers to fully validate borrower financial information before offering a trial plan. In addition, servicers are allow

4 See the FHA Refinance Fact Sheet available at http://MakingHomeAffordable.gov/docs/FHA_Refinance_Fact_Sheet_032510%20FINAL2.pdf.
Monthly 105(a) Report 

circumstances to retrieve documentation from applicants, notify applicants of any missing documents, and 

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

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

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

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

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

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

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

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

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

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

http://www.makinghomeaffordable.gov. 

Housing Finance Agency Innovation Funds for the Hardest Hit Housing Markets (HFA Hardest-Hit Funds)

What is the First HFA Hardest-Hit Fund? In February 2010, the Obama Administration announced funding for innovative measures to help address the housing that have suffered an average home price drop of more than 20 percent from their respective peak of the housing bubb• $1.5 billion of investment authority under EESA will be available to work with state Housing Finance Agenc

assistance to local needs. 

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

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

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

program designs will be posted online. 
Monthly 105(a) Report 

 Some of the possible types of transactions that would be acceptable under EESA are: mortgage modifications

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

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

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

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

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

Housing price

decline from

peak

Ratio relative

to largest

decline

December

2009

unemployment

rate

Ratio relative

to highest

unemployment

rate

Sum of ratios

(State's

weight)

Number of

delinquentloans in Q4

2009

Weighted

number of

delinquent

loans

Weighted

share of

delinquent

loans in these

states

Al

(

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

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

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

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

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

Total $1

Housing Price Decline Unemployment

What is the Second HFA Hardest-Hit Fund? In March, the Obama Administration announced an expansion of the initiative to target additional states with high sharelocal areas of concentrated economic distress. • The second HFA Hardest-Hit Fund will include up to $600 million in funding for innovative measures to help fa

otherwise avoid foreclosure in five states that have areas of concentrated economic distress. The $600 million in person basis to the $1.5 billion awarded in the first HFA Hardest-Hit Fund. 

• While the first HFA Hardest-Hit Fund targeted five states affected by home price declines greater than 20 percent, 

Fund targets states with the highest concentration of their population living in counties with unemployment rates 
Monthly 105(a) Report 

average over the months of 2009.5 The five states that will receive allocations based on this criterion are: North C

Island, and South Carolina. Set forth below is a summary of the methodology used to determine calculations: 

Economic Distress

State

State 

Population 

in 2009

Population 

Living in High 

Unemp Counties

% of State Pop 

Living in High 

Unemp Counties

% of Total Pop in 

High Unemp 

Counties 

for Top 5 States

Allocati

Cap 

($million

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

South Carolina 4,561,242 2,022,492 44% 23% $138

Orgeon 3,825,657 1,281,675 34% 15% $88

North Carolina 9,380,884 2,332,246 25% 27% $159

Ohio 11,542,645 2,514,678 22% 29% $172

Total $600

State Totals Allocation

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

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

• The objective of the HFA Hardest Hit Funds is to allow HFAs to develop creative, effective approaches to the hou

conditions. Treasury has outlined some of the possible types of transactions that would meet EESA requirements:  Assistance to unemployed borrowers to help them avoid foreclosure; modifications of mortgage loans held 

institutions or incentives for servicers/investors to modify loans; mortgage modifications with principal forbearaportion of an overleveraged loan and taking back a note from the borrower for that amount in order to facilassistance with short sales and deeds-in-lieu of foreclosure to prevent avoidable foreclosures; incentives for down a portion of unpaid principal balance for homeowners with severe negative equity; or incentives to reduce 

Other innovative ideas and transaction types (including innovations related to the existing “Making Home A

evaluated on a case-by-case basis for compliance with EESA. 

• Treasury will ensure accountability and transparency of the HFA Hardest-Hit Fund program: all funded progra

metrics will be posted online and program activity will be subject to oversight under EESA. 

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

Office of the Special Master for TARP Executive Compensation

What is the scope of the Special Master's review? • In June 2009, Treasury published the Interim Final Rule (the “Rule”) on TARP Standards for Compensation 

promulgated under the EESA as amended by the American Recovery and Reinvestment Act of 2009. The Rule cfor recipients of TARP funding under certain programs, including CPP participants and recipients of exceptionexceptional assistance recipients currently include the following firms: AIG, Chrysler, Chrysler Financial, GM and G

Citigroup ceased to be exceptional assistance recipients upon their respective repayments of TARP obligatio

assistance programs in December 2009. 

• The Rule created the Office of the Special Master and provided the Special Master with specific powers designed 

at these firms is in line with long-term value creation and financial stability. These include:  Review of Payments: Each recipient of exceptional assistance must obtain the Special Master’s approval 

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

 Review of Structures: Each recipient of exceptional assistance must obtain the Special Master’s approval of co

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

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

and authority to make all determinations as to the application of those provisions to particular facts; and

 Prior Payments: The “lookback” provision (i.e., Section 111(f)) of EESA requires a review of bonuses, 

compensation paid to the senior executive officers and 20 next most highly compensated employees of each 

before February 17, 2009, in order for the Special Master to determine whether the payments were contrapayment is determined to be contrary to the public interest, the Special Master will be responsible for negotiatinpayments. In March 2010, the Special Master issued a letter to 419 TARP participants together with a CompenForm for each TARP participant to provide information to aid the Special Master in his administration of the lo

Rule, this information was required to be provided to the Special Master in April 2010. 

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

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

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

the requirements of the Rule, provide the policy to Treasury, and post the policy on their Internet website, in each publication of the Rule (or, if later, 90 days following the closing date of the agreement between the TARP rec
Monthly 105(a) Report 

policies are generally required to address expenses including entertainment or other events, office and facility reno

transportation services. 

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

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

equal, annual installments (subject to acceleration of one year upon the company’s repayment of federal assista

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

granted, in amounts determined based on objective performance criteria. Actual payment of the restricted stocrepayment of TARP funds (the stock may be paid in 25% installments for each 25% of TARP obligations that ar

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

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

most highly compensated employees (“Covered Employees 26-100”) at each of the six firms that were then exce

Unlike the October rulings, which addressed specific amounts payable to the Top 25 executives, Treasury reg

Master only to address compensation structures for Covered Employees 26 – 100. These determinations coCitigroup, GM, and GMAC. Chrysler and Chrysler Financial were (with the exception of one employee) not reMaster’s approval during this round because total pay for each executive did not exceed the $500,000 “safe ha

compensation regulations. As detailed below, because of Bank of America’s repayment of its TARP obligations, 100 most highly compensated employees were no longer subject to the Special Master's review. 

• The 2009 compensation structures approved by the Special Master for the Covered Employees 26 –100 have the f

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

cash is limited in most cases to 45% of total compensation in cash. All other pay must be in company stock; 
Monthly 105(a) Report 

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

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

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

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

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

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

• In addition to determinations for the Covered Employees 26 –100 groups, the Special Master issued several su

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

GM. The pay packages approved by the Special Master for the newly hired executives generally conform to the p

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

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

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

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

ceased to be an "exceptional assistance recipient” for purposes of the Rule. As a result of the repayment, Sprequired for future compensation structures and payments to Citigroup executives. Payments and compensation 25 and Covered Employees 26–100 relating to service prior to the repayment, however, remain subject to the SDecember determinations, respectively. Citigroup agreed to comply with the October and December determina

issued by the Special Master with respect to Citigroup as if Citigroup were receiving exceptional assistance throuexecutive compensation restrictions that apply to TARP recipients that are not “exceptional assistance recipien

Citigroup until it extinguishes its remaining TARP obligations. 

2010 Rulings • In March 2010, the Office of the Special Master issued rulings for the 2010 compensation for the Top 25 executives 

receiving exceptional assistance: AIG, Chrysler, Chrysler Financial, GM, and GMAC. The rulings have the following 

 Decreased total cash compensation by 33 percent compared to the cash compensation these individual executi
Monthly 105(a) Report 

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

and 

 Kept cash salaries at $500,000 or less, other than in exceptional cases. 

• In April 2010, the Office of the Special Master issued rulings for 2010 compensation structures for Covered E

remaining firms receiving exceptional assistance. These rulings reaffirmed that the principles and requirements oCovered Employees 26-100 must continue to apply in 2010. These principles include:  Cash salaries are limited to $500,000 per year, other than in exceptional cases, and overall cash is limited i

compensation; 

 Compensation must emphasize long-term results: at least 50% of incentive payments must be delivered in 

cases, half of total pay must not be transferable for at least three years; and 

 The restrictions described in the Special Master’s 2009 determinations relating to perquisites, severance, hed

ups" and supplemental retirement plans must continue to apply. 

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

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

How Treasury Exercises Its Voting Rights

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

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

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

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

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

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

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

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

only on certain matters consisting of the election or removal of directors; certain major corporate transactions 
Monthly 105(a) Report 

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

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

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

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

• In the case of AIG: 

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

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

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

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

Appendix 2

Making Home Affordable Monthly Servicer Report
Adm

EconHAMWatBorrCharModSeleServHAMHAMArea ModList o

Report Highlights InsOver 230,000 Homeowners Granted Permanent Modifications• More than 230,000 total permanent modifications have been granted to homeowners, who are 

guaranteed lower payments for five years. 

• In addition, more than 108,000 permanent modifications have been approved by servicers and 

are pending borrower acceptance.

Over 1.1 Million Trial Modifications for Homeowners• More than 1.1 million trial modifications have begun under the program.• 57,000 new trial modifications were added in March, down from 72,000 in February, reflecting 

servicers increasingly requiring upfront documentation from homeowners to comply with 

pending HAMP policy requirements. 

• Borrowers realize immediate relief with the first trial payment. • More than 1.4 million homeowners have received offers for trial modifications.

• Of the 1 million borrowers in active modifications (trial and permanent), more than 227,000 

borrowers are in permanent modifications. 

• The lower monthly mortgage payments for homeowners in HAMP represent a cumulative 

reduction of over $3 billion.

Servicers Making Progress on Trial Modification Decisions• Over 60,000 trial modifications converted to permanent modifications in March, an increase of 

almost 15% from the nearly 53,000 in February.

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

Making Home Affordable Program

Servicer Performance Report Through March 2010
Making Home Affordable Program

Servicer Performance Report Through March 2010

Overview of Administration Housing Stability Initiativ

Initiatives to Support Access to Affordable Mortgage

Credit and Housing

Initiatives to Prevent 

Stabilize 

Lower Mortgage Rates and Access to Credit:

• Continued financial support to maintain affordable 

mortgage rates through the Government-Sponsored Enterprises (GSEs).

• Interest rates remain near historic lows. Every 1% 

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

• Access to sustainable mortgages through the Federal 

Housing Administration (FHA).

• FHA Refinance options to help homeowners owing more 

than their homes are worth.

State and Local Housing Initiatives:

• Access for Housing Finance Agencies to provide 

mortgages to first-time homebuyers, refinance 

opportunities for at-risk borrowers, and affordable rental housing. Over 90 HFAs across 45 states are participating.

Tax Credits for Housing:

• Homebuyer credit to help hundreds of thousands of 

American families buy new homes.

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

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

Making Home Affordable 

• Offering up to 3-4 million 

prevent avoidable foreclo

• More than 1.1 million ho

modifications and over 1modifications have been 

• Homeowners in permane

payment reduction of ovetrial and permanent modover $3 billion in monthly 

Refinancing:

• Refinancing flexibilities a

allowed over 4 million borefinance, saving an avethan $7.0 billion over the 

Neighborhood StabilizatioDevelopment Programs:

• Over $5 billion in Recove

communities to help stab

• $2.1 billion HFA Innovati

Housing Markets to suppprevention efforts. 
Mortgage Rates Housing Inventory

Home Prices New and Existing Hom

Note: Shaded areas indicate recessions.

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

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

Making Home Affordable Program

Servicer Performance Report Through March 2010

02468

101214161820

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

Conventional 30‐year Fixed Rate

10‐year Treasury Rate

Percent

02468

101214

1999 2002 

Monthshomes a

Months

507090

110130150170190210230

1999 2002 2005 2008

Case/Shiller20‐city composite

FHFApurchase‐only

index

Index: Jan 2000 = 100

Loan PerformanceNational HomePrice Index

0

200400600800

1,0001,2001,4001,600

1999 2002 

Sales of e

(right ax

Thousands
Active Modifications (Trial and Permanent) 1,008,873

Active Trial Modifications 780,951Active Permanent Modifications 227,922Pending Permanent Modifications2 108,212Trial Modifications Canceled 155,173Permanent Modifications Canceled3 2,879

54,562

155,108

274,116

419

0

200,000400,000600,000800,000

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

May and 

Prior

June July A

HAMP Trials Started(Cumulative, by Month) 

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

Permanent Modification(Cumulative, by Month)

Number of Trial Period Plan Offers Extended to Borrowers (Cumulative) 2 1,436,802

All HAMP Trials Started Since Program Inception 1,166,925Trials Converted to Permanent Modifications 230,801

1 As reported by the HAMP system of record.2 As reported by the top 21 servicers based on cap allocation; pending permanent modifications have been approved by the servicer but have not yet been accepted by the borrower. While pending, modifications are reflected in the count of active trials.3 Includes 37 loans paid off. 

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

4,742 15,649

3

0

50,000

100,000150,000200,000250,000

September 

and Prior

October No

Source: All trial modifications started by month first system of record.Source: HAMP system of record. 

Making Home Affordable Program

Servicer Performance Report Through March 2010

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

1 As reported by the HAMP system of record except where noted.2 Source: Survey data provided by servicers.
5.1

4.3

3.5 3.4

2.5

2

6.0

01234567

1st Lien, 60+ Days

Delinquent

Less: Non‐

Participating HAMP

Servicer

Less: FHA or VA Less: Non‐Owner

Occupied at

Origination

Less: Jumbo Non‐

Conforming Loans

and Loans

Originated After

1/1/2009

Less: DTI Less Than

31%

Less: Ne

Loans (Millions)

Waterfall of HAMP-Eligible Borrowers

•Other exclusions include: no longer owner-occupied; investor’s pooling and servicing agreement precludes modification; and manufacturtitling/chattel issues that exclude them from HAMP.Sources: Fannie Mae; monthly survey of participating servicers for February 28,2010. Total 60+ delinquent figure from 4th quarter 2009 M

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

Making Home Affordable Program

Servicer Performance Report Through March 2010

Not all 60-day delinquent loans are eligible for HAMP. Other characteristics may preclude borrowestimates, of the 6.0 million borrowers who were 60 days delinquent in the 4th quarter of 2009, 1

HAMP. As this represents a point-in-time snapshot of the delinquency population and estimated more borrowers will become eligible for HAMP from now through 2012.

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

= Estimate
• Lower monthly mortgage payments for borrowers in 

active trial and permanent modifications represent a cumulative reduction of more than $3 billion.• The median savings for borrowers in permanent modifications is $512.39, or 36% of the median beforemodification payment. 

Interest Rate Reduction 100%Term Extension 38.9%Principal Forbearance 27.6%

Permanent Modifications by Modification Steps:

Predominant Hardship Rea

2.8%

10.5%

0% 2

Illness of Principal

Borrower

Excessive

Obligation

Loss of Income

Select Median Characteristics of Permanent Modifications

Loan Characteristic

Before 

Modification

After 

Modification

Median 

Decrease

Front-End Debt-to-Income Ratio1 44.8% 31.0% ‐13.9 pct pts

Back-End Debt-to-Income Ratio2 77.5% 61.3% ‐14.4 pct ptsMedian Monthly Payment3 $1,428.46 $841.61 ‐$512.39

1 Includes borrowers who are employed but ha

have lost their jobs.Note: Does not include 19.9% of permanent m

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

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

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

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

3 Principal and interest payment. 

1

Making Home Affordable Program

Servicer Performance Report Through March 2010

Modification Characteristics

Servicer Solicitation of Borrowesince program inception)1 

Page views on MHA.gov (March 

Page views on MHA.gov (cumu

Percentage to Goal of 3-4 MillioOffers by 20122 

Selected Outreach Measure

1 Source: survey data provided by servic

solicit information from borrowers 60+ daHAMP modification. 

2 In 2009, Treasury set a goal of offering 

end of 2012, as measured by trial plan of
HomE

Wachov

Carringto

American Hom

Litt

CC

Bank Unit

Bank of Americ

US Ba

PNC Mortga

Ocwe

Nations

OneWe

Auro

Green Tr

Saxo

J.P. Morgan Chas

Wells Farg

Select Portfo

Bayvie

CitiMortgag

GMA

Servicer 

Estimated 

Eligible 60+ 

Day 

Delinquency1 

Trial Plan 

Offers 

Extended2

All HAMP 

Trials 

Started3

Active Trial 

Modifications3

Permanent 

Modifications3

Pending 

Permanent 

Modifications4

Active Trials + 

Permanents as 

Share of Eligible 

60+ Day 

Delinquencies

American Home Mortgage Servicing Inc 121,342 18,214 15,001 10,740 4,194 7,397 12%

Aurora Loan Services, LLC 75,550 47,508 41,286 15,335 9,887 1,497 33%

Bank of America, NA5 1,085,894 388,043 289,351 250,658 32,900 38,074 26%

Bank United 5,277 1,667 1,389 635 736 528 26%Bayview Loan Servicing, LLC 9,685 2,711 4,630 3,567 819 91 45%

Carrington Mortgage Services LLC 18,235 3,082 1,708 298 1,398 48 9%

CCO Mortgage 5,880 1,842 1,476 1,230 246 487 25%CitiMortgage, Inc. 246,582 153,113 142,804 92,597 22,455 9,533 47%GMAC Mortgage, Inc. 66,750 51,420 40,494 14,742 17,102 2,776 48%

Green Tree Servicing LLC 12,336 6,795 5,129 3,628 556 1,470 34%

HomEq Servicing 40,568 4,879 2,116 1,311 713 1,117 5%

J.P. Morgan Chase Bank, NA6 431,341 247,530 186,769 129,992 31,460 17,894 37%

Litton Loan Servicing LP 105,593 36,430 30,169 19,734 5,469 878 24%

Nationstar Mortgage LLC 45,616 23,870 20,198 8,241 5,740 877 31%

Ocwen Financial Corporation, Inc. 61,949 21,767 17,720 5,771 11,060 2,764 27%

OneWest Bank 109,555 56,302 38,598 28,214 6,883 5,673 32%

PNC Mortgage7 44,303 21,731 17,562 10,979 743 853 26%

Saxon Mortgage Services, Inc. 68,028 43,164 38,584 15,973 8,721 4,061 36%

Select Portfolio Servicing 55,543 58,953 35,071 11,568 11,483 1,639 42%

US Bank NA 34,160 11,890 9,157 4,817 4,191 1,393 26%

Wachovia Mortgage, FSB8 65,426 6,665 3,902 3,894 6 0 6%

Wells Fargo Bank, NA9 378,480 225,610 165,217 114,918 30,014 9,162 38%Other SPA servicers10 22,895 3,616 2,916 1,283 1,411 NA 12%

Other GSE Servicers11 287,624 NA 55,678 30,826 19,735 NA 18%

Total 3,398,612 1,436,802 1,166,925 780,951 227,922 108,212 30%

HAMP Modification Activity by Servicer 

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

February 28, 2010, include conventional loans: 

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

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

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

Estimated eligible 60+ day delinquent loans excludes: 

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

HAMP if a borrower is in imminent default.

For servicers enrolling after January 1, 2010 that did not participate in the 60+ day 

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

2 As reported in the weekly servicer survey through April 1, 2010.3 Active trial and permanent modifications as reported into the HAMP system of record 

by servicers. 

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

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

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

Home Loan Services and Wilshire Credit Corporation.

6 J.P. Morgan Chase Bank, NA includes EMC Mortgage Corporation.7 Formerly National City Bank.8 Wachovia Mortgage, FSB consists of Pick-a-Payment loans.9 Wells Fargo Bank, NA includes a portion of the loans previously included in 

Wachovia Mortgage, FSB. 

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

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

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

Active Eligib

Note: Includes same as the taModifications thModifications thModifications th

Making Home Affordable Program

Servicer Performance Report Through March 2010
HAMP Activity by 

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

Source: Mortgage Bankers Association. Data is latest available and is as of 4thQuarter 2009.

HAMP Activity by State

State

Active 

Trials

Permanent 

Modifications Total State

Active 

Trials

Permanent 

Modifications Total

AK 450 102 552 MT 1,090 260 1,350

AL 5,531 1,428 6,959 NC 16,457 4,677 21,134

AR 2,245 603 2,848 ND 205 43 248AZ 37,269 12,722 49,991 NE 1,229 346 1,575CA 159,780 47,933 207,713 NH 3,379 1,147 4,526

CO 10,929 3,422 14,351 NJ 26,154 7,458 33,612

CT 9,982 2,948 12,930 NM 2,907 758 3,665

DC 1,501 372 1,873 NV 20,661 6,400 27,061

DE 2,533 801 3,334 NY 37,449 8,380 45,829

FL 95,400 28,286 123,686 OH 17,042 5,134 22,176

GA 31,433 8,668 40,101 OK 2,522 560 3,082HI 2,876 837 3,713 OR 8,955 2,678 11,633

IA 2,575 619 3,194 PA 18,038 4,792 22,830

ID 3,172 944 4,116 RI 3,558 1,216 4,774

IL 41,441 11,773 53,214 SC 8,390 2,327 10,717

IN 8,430 2,373 10,803 SD 398 85 483

KS 2,434 602 3,036 TN 8,697 2,561 11,258

KY 3,384 919 4,303 TX 27,646 5,433 33,079

LA 4,777 1,108 5,885 UT 6,803 2,149 8,952

MA 17,689 5,635 23,324 VA 19,152 6,190 25,342

MD 25,429 7,868 33,297 VT 552 195 747

ME 2,009 711 2,720 WA 15,387 4,676 20,063MI 25,808 7,906 33,714 WI 7,720 2,347 10,067

MN 13,852 4,948 18,800 WV 1,316 373 1,689MO 9,704 2,623 12,327 WY 403 137 540

MS 3,053 899 3,952 Other* 1,155 550 1,705

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

Making Home Affordable Program

Servicer Performance Report Through March 2010

Mortgage Delinqu

60+ 
Servicer 

Bank of America, NA1 

Wells Fargo Bank, NA 2 JP Morgan Chase NA3 

CitiMortgage, Inc. 

OneWest Bank GMAC Mortgage, Inc. 

Aurora Loan Services, LLC 

Litton Loan Servicing LP 

Saxon Mortgage Services Inc. 

Select Portfolio Servicing 

Ocwen Financial Corporation, In

American Home Mortgage Servicing Inc 

Nationstar Mortgage LLC PNC Mortgage4 

US Bank NA Bayview Loan Servicing, LLC 

Green Tree Servicing LLC 

Wachovia Mortgage, FSB5 

HomEq Servicing 

Carrington Mortgage Services LL

Remainder of HAMP Servicers 

Total 

HAMP Modifications by 

1 Bank of America, NA includes Bank of America

Wilshire Credit Corporation. 2 Wells Fargo Bank, NA includes a portion of the 

3 J.P. Morgan Chase Bank, NA includes EMC Mo4 Formerly National City Bank.5 Wachovia Mortgage, FSB consists of Wachovia Note: Figures reflect active trials and perm

15 Metropolitan Areas With Highest HAMP Activity

Metropolitan Statistical Area

Active

Trials

Permanent

Modifications

Total 

HAMP 

Activity

% of All 

HAMP 

Activity

New York-Northern New JerseyLong Island, NY-NJ-PA 49,457 12,247 61,704 6.1%Los Angeles-Long Beach-Santa Ana, CA 47,255 12,887 60,142 6.0%Chicago-Naperville-Joliet, IL-IN-WI 39,914 11,333 51,247 5.1%Riverside-San Bernardino-Ontario, CA 35,559 11,992 47,551 4.7%Miami-Fort Lauderdale-Pompano Beach, FL 36,856 10,206 47,062 4.7%Phoenix-Mesa-Scottsdale, AZ 30,523 10,533 41,056 4.1%

Washington-Arlington-Alexandria, DC-VA-MD-WV 26,811 8,282 35,093 3.5%

Atlanta-Sandy Springs-Marietta, GA 25,382 7,041 32,423 3.2%Las Vegas-Paradise, NV 17,236 5,200 22,436 2.2%

Detroit-Warren-Livonia, MI 16,337 4,637 20,974 2.1%

Orlando-Kissimmee, FL 15,287 4,723 20,010 2.0%

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 13,802 3,839 17,641 1.7%

Boston-Cambridge-Quincy, MA-NH 12,490 4,024 16,514 1.6%

Tampa-St. Petersburg-Clearwater, FL 12,031 3,653 15,684 1.6%

Sacramento-Arden-ArcadeRoseville, CA 11,653 3,882 15,535 1.5%

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

Making Home Affordable Program

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

Making Home Affordable Program

Servicer Performance Report Through March 2010

Allstate Mortgage Loans & Investments, Inc.

American Eagle Federal Credit Union

American Home Mortgage Servicing, Inc

AMS Servicing, LLCAurora Loan Services, LLC

Bank of America, N.A.1

Bank United

Bay Federal Credit Union

Bay Gulf Credit Union

Bayview Loan Servicing, LLCCarrington Mortgage Services, LLC

CCO MortgageCentral Florida Educators Federal Credit Union

Central Jersey Federal Credit Union

Chase Home Finance, LLCCitiMortgage, Inc.

Citizens 1st National Bank

Citizens First Wholesale Mortgage CompanyCommunity Bank & Trust Company

CUC Mortgage Corporation

Digital Federal Credit Union

DuPage Credit Union

Eaton National Bank & Trust Co

Farmers State Bank

Fidelity Homestead Savings Bank

First BankFirst Federal Savings and Loan

First Federal Savings and Loan Assn. of Lakewood

First Keystone BankFirst National Bank of Grant Park

Franklin Credit Management Corporation

Fresno County Federal Credit Union

Glass City Federal Credit Union

Glenview State BankGMAC Mortgage, Inc.Golden Plains Credit Union

Grafton Suburban Credit Union

Great Lakes Credit UnionGreater Nevada Mortgage Services

Green Tree Servicing LLC

Harleysville National Bank & Trust Company

Hartford Savings Bank

Hillsdale County National Bank

Home Financing Center, Inc

HomEq ServicingHomeStar Bank & Financial Services

Horicon Bank

Horizon Bank, NA

IberiabankIBM Southeast Employees' Federal Credit Union

IC Federal Credit Union

Idaho Housing and Finance Association

iServe Residential Lending LLC

iServe Servicing Inc.

J.P.Morgan Chase Bank, NA2

Lake City BankLake National BankLitton Loan ServicingLos Alamos National Bank

Marix Servicing, LLCMembers Mortgage Company, Inc

Metropolitan National Bank

Mission Federal Credit Union

MorEquity, Inc.

Mortgage Center, LLC

Mortgage Clearing Corporation

National City BankNationstar Mortgage LLCNavy Federal Credit UnionOakland Municipal Credit Union

Ocwen Financial Corporation, Inc.

OneWest BankORNL Federal Credit Union

Park View Federal Savings Bank

Penny

PNC BPurdu

QLendQuantResideRG Mo

Roebli

Round

Saxon 

Schoo

SEFCUSelect Servis 

ShoreSilver 

Sound 

SpeciaSpirit Stanfo

Sterlin

Techn

Tempe 

The Br

The G

U.S. B

United 

United 

Urban 

VantiuVerity 

Vist Fi

Wells 

WescoYadkin 

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

LP, Home Loan Services and Wilshire Credit Corporation.

2 J.P. Morgan Chase Bank, NA includes EMC Mortgage Corporation. 3 Wells Fargo Bank, NA includes Wachovia Mortgage FSB and Wachovia Bank NA. 
Monthly 105(a) Report April 2010

Appendix 3

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

INVESTMENT PROGRAM

Pro

g p ram U

pdate 

–

Q , uarter Ended March 31, 2010

April 20, 2010
OVERVIEW

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

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

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

of PPIP is to generate attractiv

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

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

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

offer to buy any securities. Any such offer or solicitation with respect to any PPIF may only b

the applicable fund manager. This presentation has not been reviewed by any of the fund man
CAPITAL ACTIVITY

Set forth below is a summary of equity and debt capital by PPIF. As of March 31, 2010, have completed initial and subsequent closings on approximately $6.3 billion of private scapital, which was matched 100 percent by Treasury, representing $12.5 billion of total ecapital. Treasury has also provided $12.5 billion of debt capital, representing $25.1 billiopurchasing power. As of March 31, 2010, PPIFs have drawn-down approximately $10.5 total capital which has been invested in Eligible Assets and cash equivalents pending inveSummary of Capital by PPIF ($ in Millions)

Closed Equity and Debt Ca

Closing Private Treasury Treas

Fund

Closing

Date

Private

Equity

Treasury

Equity

Treas

D

AG GECC PPIF Master Fund, L.P. 10/30/09 924 $ 924 $ 1,

$ 

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

 

Blackrock PPIF, L.P. 10/02/09 695 695 1,

 

Invesco Legacy Securities Master Fund, L.P. 09/30/09 856 856 1,

 

Marathon Legacy Securities Public-Private Investment Partnership, L.P. 11/25/09 422 422 

 

Oaktree PPIP Fund, L.P. 12/18/09 637 637 1,

 

RLJ Western Asset Public/Private Master Fund, L.P. 11/05/09 606 606 1,

 

W lli M L S i i PPIF M F d LP Wellington Management Legacy Securities PPIF Master Fund, LP 10/01/09 10/01/09 1 067 , 1 067 , 2 

, 

Total Closed $ 6,268 6,268 $ 12,

$ 

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

$ 

(1) Excludes $4.1 billion in total purchasing power within UST/TCW Senior Mortgage Securities Fund, L.P., which was wound-up and 

the quarter. Treasury's capital commitments to this fund have been re-allocated to the other PPIFs. Treasury realized a profit of $20.1 m

q yp y p

million equity investment in UST/TCW Senior Mortgage Securities Fund, L.P., equal to a 12.9% cumulative return on Treasury's equity.
PORTFOLIO HOLDINGS – SUMMARY BY SECTOR

The total market value of Non-Agency RMBS and CMBS held by all PPIFs was approximNon-Agency RMBS(2)– $8.8 billion CMBS – $1.2 billionbillion as of March 31, 2010. Approximately 88% of the portfolio holdings are Non-Age12% are CMBS. The charts below show composition of Eligible Assets by sector(1).

$

$653

7%

$3

$141

12%

$3,175

36%

$1,129

13%

26

$346

$3 828

29%

$3,828

44% $393 33%

($ in Millions) ($ in Millions)

Prime Alt-A Subprime Option ARM Super Senior AM AJ Othe

(1) Please see page 8 for a glossary of Non-agency RMBS and CMBS sector definitions. (2) Non-agency RMBS chart excludes $2 million of Other RMBS. 
PORTFOLIO HOLDINGS – NON-AGENCY RMBS

The charts below illustrate the range of market prices of Non-Agency RMBS held by all M h 31 2010 P i d t f lPrime

100.0%

Alt-A

100.0%

March 31, 2010. Prices are expressed as a percent of par value.

Median Price: 76.8 Median Price: 62.9

58.1%

40.0% 34.7%60.0%80.0%

31.3%

50.2%

40.0%60.0%80.0%

2.9% 4.3%

0.0%

20.0%

< 40 40 - 60 60 - 80 80 - 100

10.4% 

0.0%

20.0%

< 40 40 - 60 60 - 80 

Subprime

80.0%

100.0%

Option ARM

56 8%

80.0%

100.0% Median Price: 56.5 Median Price: 59.0

26.4% 27.6% 28.8%

17.2% 20.0%

40.0%60.0%

3 4%

56.8%

33.0%

20.0%40.0%60.0%

0.0%

< 40 40 - 60 60 - 80 80 - 100

3.4%

0.0%

< 40 40 - 60 60 - 80 

Note: Pricing is based on UST valuation process on a consistent basis across all PPIFs. Excludes Other RMBS.
PORTFOLIO HOLDINGS – CMBS

The charts below illustrate the range of market prices of CMBS held by all PPIFs as of M2010 P i d t f lSuper Senior AM

100.0% Median Price: 79.6

2010. Prices are expressed as a percent of par value.

Median Price: 90.1 

AM

100.0% 100.0%

50.0% 

40.0%60.0%80.0%

40.0%60.0%80.0%

0.0% 2.6%

0.0%

20.0%

< 40 40 - 60 60 - 80 

0.0% 0.0% 0.0%

0.0%

20.0%

< 40 40 - 60 60 - 80 80 - 100

AJ

80.0%

100.0% Median Price: 62.5

0 0%

43.5%

30.4% 26.1%

20.0%40.0%60.0%

0.0%

0.0%

< 40 40 - 60 60 - 80 80 - 100

Note: Pricing is based on UST valuation process on a consistent basis across all PPIFs. Excludes Other CMBS. 
PERFORMANCE

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

Performance Since Incep( ,) tion (As of March 31, 2010)

Fund Inception Date

Si

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

Blackrock PPIF, L.P. 10/16/09 Invesco Legacy Securities Master Fund, L.P. 10/13/09 Marathon Legacy Securities Public-Private Investment Partnership, L.P. 12/15/09 Oaktree PPIP Fund, L.P. 02/19/10 

RLJ Western Asset Public/Private Master Fund, L.P. 11/23/09 Wellington Management Legacy Securities PPIF Master Fund, LP 10/19/09 (1) Performance is net of management fees and expenses attributable to Treasury. Returns equal to ending period market value of equity divided by be

value of equity, adjusted for capital draws, distributions, and expenses, calculated on a consistent basis across all PPIFs 
GLOSSARY OF TERMS

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

ac e

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

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

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

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

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

lue ratio, or limited or no documentation compared to a 

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

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

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

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

Appendix 4

Financial Statement
Budget

Object Class 

(BOC) Budget Object Class Title Obligations Expenditures

Pro

Obli

PERSONNEL SERVICES 1100 & 1200 PERSONNEL COMPENSATION & BENEFITS 31,754,464 $ 31,523,001 $ 

$ 

PERSONNEL SERVICES Total: 31,754,464 $ 31,523,001 $ 

$ 

2100 TRAVEL & TRANSPORTATION OF PERSONS 621,322 $ 582,305 $ 

$ 

2200 TRANSPORTATION OF THINGS 11,960 11,960 

 

2300 RENTS, COMMUNICATIONS, UTILITIES & MISC CHARGES 669,885 553,150 

 

2400 PRINTING & REPRODUCTION 395 395 

 

2500 OTHER SERVICES 114,337,059 66,690,257 1

 

2600 SUPPLIES AND MATERIALS 366,047 362,023 

 

3100 EQUIPMENT 232,054 222,675 

 

3200 LAND & STRUCTURES - - 

 

4300 INTEREST & DIVIDENDS 13 13 

 

NON-PERSONNEL SERVICES Total: 116,238,735 $ 68,422,778 $ 1

$ 

GRAND TOTAL: $147,993,199 99,945,779 15

$ 

NON-PERSONNEL SERVICES

For Period Ending 

April 30, 2010 

United States Department of Treasury

Office of Financial Stability

Troubled Asset Relief Program

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

$,, , , $ 

The amounts presented above are cumulative from the initiation of the TARP. *Current month activity includes recognition of FY10 DO-IAA obligation for $ 23.7M (effective at the beginning of FY10).
U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending April 30, 2010

Date

Approved Type of 

or Renewed Transaction Vendor Purpose

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

10/11/2008 BPA EnnisKnupp Investment and Advisory Services

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

10/16/2008 BPA PricewaterhouseCoopers Internal Control Services

10/18/2008 BPA Ernst & Young Accounting Services

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

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

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

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

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

11/14/2008 IAA Securities and Exchange Commission Detailees

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

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

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

12/5/2008 Procurement Washington Post Vacancy Announcement

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

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

12/15/2008 IAA Office of Thrift Supervision Detailees

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

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

1/6/2009 IAA State Department Detailees

1/7/2009 Procurement Colonial Parking Parking 

1/9/2009 IAA Internal Revenue Service Detailees

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

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

2/2/2009 IAA Government Accountability Office Oversight

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

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

2/18/2009 Financial Agent Freddie Mac Homeownership Program

2/18/2009 Financial Agent Fannie Mae Homeownership Program

2/20/2009 IAA Congressional Oversight Panel Oversight

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

2/22/2009 Contract Venable LLP Legal Services

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

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

3/23/2009 Procurement Heery International Inc. Architects

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

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

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

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

3/31/2009 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 5/26/2009 Contract C A d M C & O t LLP* Anderson, McCoy & Orta, LLP* Legal Services L lS i

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

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

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

6/29/2009 IAA Department of Interior Administrative Support

7/15/2009 Contract Judicial Watch Legal Advisory

7/17/2009 Contract Korn Ferry International Administrative Support

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

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

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

8/11/2009 IAA NASA Detailee

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

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

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

9/14/2009 Contract PricewaterhouseCoopers Asset Management Services

9/30/2009 Contract SNL Financial LC Financial Advisory

11/29/2009 IAA Department of the Treasury - Departmental Offices Administrative Support

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

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

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

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

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

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

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

1/4/2010 IAA Federal Maritime Commission Detailee

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

1/29/2010 Contract NNA Inc. Administrative Support

2/16/2010 Contract The MITRE Corporation Administrative Support

3/29/2010 Contract Morgan Stanley Asset Management Services

4/12/2010 Contract EnnisKnupp Financial Advisory

4/13/2010 BPA Qualx Corporation Administrative Support

4/14/2010 Contract Squire Sanders & Dempsey Legal Advisory

4/20/2010 IAA FMS-Gartner Administrative Support

4/20/2010 BPA Microlink LLC Administrative Support

4/22/2010 Contract Digital Management Inc. Administrative Support

4/23/2010 Contract RDA Corporation Administrative Support

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

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

***Contract responsibilities assumed by Bingham McCutchen, LLP via novation.

The Departmental Offices Interagency Agreement was awarded on 11/29/2009. However, due to a system interface issue, the obligation was not reflected in the Oracle Financial system until the current reporting period. 
U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending April 30, 2010

Name Amount

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

Citigroup and the UST, and FDIC occurred on December 23, 

2009 due to the improvement of Citigroup's financial condition 

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

 Pricing 

Mechanism

1b 10/28/2008 Bank of America Corporation Charlotte NC Preferred Stock w/ Warrants 15,000,000,000 $ Par 12/9/20

10/28/2008 The Bank of New York Mellon Corporation New York NY Preferred Stock w/ Warrants 3,000,000,000 $ Par 6/17/20

11, 23 - 

4/26/2010 10/28/2008 Citigroup Inc. New York NY Common Stock w/ Warrants $ 25,000,000,000 Par 

10/28/2008 The Goldman Sachs Group, Inc. New York NY Preferred Stock w/ Warrants 10,000,000,000 $ Par 6/17/20

10/28/2008 JPMorgan Chase & Co. New York NY Preferred Stock w/ Warrants 25,000,000,000 $ Par 6/17/2010/28/2008 Morgan Stanley New York NY Preferred Stock w/ Warrants 10,000,000,000 $ Par 6/17/2010/28/2008 State Street Corporation Boston MA Preferred Stock w/ Warrants 2,000,000,000 $ Par 6/17/20

10/28/2008 Wells Fargo & Company San Francisco CA Preferred Stock w/ Warrants 25,000,000,000 $ Par 12/23/20

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

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

U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

For Period Ending April 30, 2010

CAPITAL PURCHASE PROGRAM

Capital 

Repayment 

Footnote Purchase Date 

Seller Purchase Details Capita

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

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

11/14/2008 Northern Trust Corporation Chicago IL Preferred Stock w/ Warrants 1,576,000,000 $ Par 6/17/20

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

3a - 

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

11/14/2008 Washington Federal, Inc. Seattle WA Preferred Stock w/ Warrants 200,000,000 $ Par 5/27/20

11/14/2008 BB&T Corp. Winston-Salem NC Preferred Stock w/ Warrants 3,133,640,000 $ Par 6/17/20

11/14/2008

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

11/14/2008 Umpqua Holdings Corp. Portland OR Preferred Stock w/ Warrants 214,181,000 $ Par 2/17/20

11/14/2008 Comerica Inc. Dallas TX Preferred Stock w/ Warrants 2,250,000,000 $ Par 3/17/20

11/14/2008 Regions Financial Corporation Birmingham AL Preferred Stock w/ Warrants 3,500,000,000 $ Par 

11/14/2008 Capital One Financial Corporation McLean VA Preferred Stock w/ Warrants 3,555,199,000 $ Par 6/17/20

11/14/2008 First Horizon National Corporation Memphis TN Preferred Stock w/ Warrants 866,540,000 $ Par 11/14/2008 Huntington Bancshares Columbus OH Preferred Stock w/ Warrants 1,398,071,000 $ Par 11/14/2008 KeyCorp Cleveland OH Preferred Stock w/ Warrants 2,500,000,000 $ Par 

6/3/200

9/23/200

12/23/200

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 6/17/20

11/14/2008 TCF Financial Corporation Wayzata MN Preferred Stock w/ Warrants $ 361,172,000 Par 4/22/20011/14/2008 Valley National Bancorp Wayne NJ Preferred Stock w/ Warrants 300,000,000 $ Par 11/14/2008 TCF Financial Corporation Wayzata MN Preferred Stock w/ Warrants $ 361,172,000 Par 4/22/200

11/21/2008 First Niagara Financial Group Lockport NY Preferred Stock w/ Warrants 184,011,000 $ Par 5/27/20

11/21/2008 HF Financial Corp. Sioux Falls SD Preferred Stock w/ Warrants 25,000,000 $ Par 6/3/20

11/21/2008 Centerstate Banks of Florida Inc. Davenport FL Preferred Stock w/ Warrants 27,875,000 $ Par 9/30/20

12/30/200

3/3/20

11/21/2008 First Community Bankshares Inc. Bluefield VA Preferred Stock w/ Warrants 41,500,000 $ Par 7/8/20

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

11/21/2008 Webster Financial Corporation Waterbury CT Preferred Stock w/ Warrants 400,000,000 $ Par 3/3/20

11/21/2008 Pacific Capital Bancorp Santa Barbara CA Preferred Stock w/ Warrants 180,634,000 $ Par 11/21/2008 City National Corporation Beverly Hills CA Preferred Stock w/ Warrants 400,000,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment 

Footnote Purchase Date 

Seller Purchase Details Capita

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

11/21/2008 Banner Corporation Walla Walla WA Preferred Stock w/ Warrants 124,000,000 $ Par 11/21/2008 Cascade Financial Corporation Everett WA Preferred Stock w/ Warrants 38,970,000 $ Par 11/21/2008 Columbia Banking System, Inc. Tacoma WA Preferred Stock w/ Warrants 76,898,000 $ Par 11/21/2008 Heritage Financial Corporation Olympia WA Preferred Stock w/ Warrants 24,000,000 $ Par 

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

11/21/2008 Severn Bancorp, Inc. Annapolis MD Preferred Stock w/ Warrants 23,393,000 $ Par 

11/21/2008 Boston Private Financial Holdings, Inc. Boston MA Preferred Stock w/ Warrants 154,000,000 $ Par 1/13/20

11/21/2008 Associated Banc-Corp Green Bay WI Preferred Stock w/ Warrants 525,000,000 $ Par 11/21/2008 Trustmark Corporation Jackson MS Preferred Stock w/ Warrants 215,000,000 $ Par 12/9/20

11/21/2008 First Community Corporation Lexington SC Preferred Stock w/ Warrants 11,350,000 $ Par 11/21/2008 Taylor Capital Group Rosemont IL Preferred Stock w/ Warrants 104,823,000 $ Par 

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

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

12/5/2008 MB Financial Inc. Chicago IL Preferred Stock w/ Warrants 196,000,000 $ Par 12/5/2008 First Midwest Bancorp, Inc. Itasca IL Preferred Stock w/ Warrants 193,000,000 $ Par 

12/5/2008 United Community Banks, Inc. Blairsville GA Preferred Stock w/ Warrants 180,000,000 $ Par 12/5/2008 WesBanco, Inc. Wheeling WV Preferred Stock w/ Warrants 75,000,000 $ Par 9/9/20

12/5/2008 Encore Bancshares Inc. Houston TX Preferred Stock w/ Warrants 34,000,000 $ Par 12/5/2008 Manhattan Bancorp El Segundo CA Preferred Stock w/ Warrants 1,700,000 $ Par 9/16/20

12/5/2008 Iberiabank Corporation Lafayette LA Preferred Stock w/ Warrants 90,000,000 $ Par 3/31/20

12/5/2008 Eagle Bancorp, Inc. Bethesda MD Preferred Stock w/ Warrants 38,235,000 $ Par 12/23/20

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

12/5/2008 Coastal Banking Company, Inc. Fernandina Beach FL Preferred Stock w/ Warrants 9,950,000 $ Par 12/5/2008 East West Bancorp Pasadena CA Preferred Stock w/ Warrants 306,546,000 $ Par 12/5/2008 South Financial Group, Inc. Greenville SC Preferred Stock w/ Warrants 347,000,000 $ Par 12/5/2008 Great Southern Bancorp Springfield MO Preferred Stock w/ Warrants 58,000,000 $ Par 12/5/2008 Cathay General Bancorp Los Angeles CA Preferred Stock w/ Warrants 258,000,000 $ Par 12/5/2008 Southern Community Financial Corp. Winston-Salem NC Preferred Stock w/ Warrants 42,750,000 $ Par 

8/26/200

9/2/200

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

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

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

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

12/5/2008 Blue Valley Ban Corp Overland Park KS Preferred Stock w/ Warrants 21,750,000 $ Par 12/5/2008 Central Federal Corporation Fairlawn OH Preferred Stock w/ Warrants 7,225,000 $ Par 12/5/2008 Bank of Marin Bancorp Novato CA Preferred Stock w/ Warrants 28,000,000 $ Par 3/31/20

12/5/2008 BNC B Th ill NC P f d St k / W t $ 31 260 000 P12/5/2008 CVB Financial Corp Ontario CA Preferred Stock w/ Warrants $ Par 130,000,000 12/5/2008 BNC Bancorp Thomasville NC Preferred Stock w/ Warrants $ 31,260,000 Par 

12/5/2008 Central Bancorp, Inc. Somerville MA Preferred Stock w/ Warrants 10,000,000 $ Par 12/5/2008 Southern Missouri Bancorp, Inc. Poplar Bluff MO Preferred Stock w/ Warrants 9,550,000 $ Par 

12/5/2008 State Bancorp, Inc. Jericho NY Preferred Stock w/ Warrants 36,842,000 $ Par 12/5/2008 TIB Financial Corp Naples FL Preferred Stock w/ Warrants 37,000,000 $ Par 12/5/2008 Unity Bancorp, Inc. Clinton NJ Preferred Stock w/ Warrants 20,649,000 $ Par 12/5/2008 Old Line Bancshares, Inc. Bowie MD Preferred Stock w/ Warrants 7,000,000 $ Par 7/15/20

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

24 12/5/2008 Sterling Financial Corporation Spokane WA Preferred Stock w/ Warrants 303,000,000 $ Par 

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

12/12/2008 Old National Bancorp Evansville IN Preferred Stock w/ Warrants 100,000,000 $ Par 3/31/20
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment 

Footnote Purchase Date 

Seller Purchase Details Capita

12/12/2008 Capital Bank Corporation Raleigh NC Preferred Stock w/ Warrants 41,279,000 $ Par 12/12/2008 Pacific International Bancorp Seattle WA Preferred Stock w/ Warrants 6,500,000 $ Par 12/12/2008 SVB Financial Group Santa Clara CA Preferred Stock w/ Warrants 235,000,000 $ Par 12/23/20

12/12/2008 LNB Bancorp Inc. Lorain OH Preferred Stock w/ Warrants 25,223,000 $ Par 12/12/2008 Wilmington Trust Corporation Wilmington DE Preferred Stock w/ Warrants 330,000,000 $ Par 12/12/2008 Susquehanna Bancshares, Inc Lititz PA Preferred Stock w/ Warrants 300,000,000 $ Par 4/21/2012/12/2008 Signature Bank New York NY Preferred Stock w/ Warrants 120,000,000 $ Par 3/31/2012/12/2008 HopFed Bancorp Hopkinsville KY Preferred Stock w/ Warrants 18,400,000 $ Par 12/12/2008 Citizens Republic Bancorp, Inc. Flint MI Preferred Stock w/ Warrants 300,000,000 $ Par 

12/12/2008 Indiana Community Bancorp Columbus IN Preferred Stock w/ Warrants 21,500,000 $ Par 12/12/2008 Bank of the Ozarks, Inc. Little Rock AR Preferred Stock w/ Warrants 75,000,000 $ Par 11/4/20

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 5/5/20

12/12/2008 The Bancorp, Inc. Wilmington DE Preferred Stock w/ Warrants 45,220,000 $ Par 3/10/20

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 

22 12/12/2008 Independent Bank Corporation Ionia MI 

Mandatory Convertible Preferred Stock w/ 

p p Warrants 74,426,000 $ Par 

12/12/2008 Pinnacle Financial Partners, Inc. Nashville TN Preferred Stock w/ Warrants 95,000,000 $ Par 12/12/2008 First Litchfield Financial Corporation Litchfield CT Preferred Stock w/ Warrants 10,000,000 $ Par 4/7/20

12/12/2008 National Penn Bancshares, Inc. Boyertown PA Preferred Stock w/ Warrants 150,000,000 $ Par 

12/12/2008 Northeast Bancorp Lewiston ME Preferred Stock w/ Warrants 4,227,000 $ Par 12/12/2008 Citizens South Banking Corporation Gastonia NC Preferred Stock w/ Warrants 20,500,000 $ Par 

12/12/2008 Virginia Commerce Bancorp Arlington VA Preferred Stock w/ Warrants 71,000,000 $ Par 

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

12/12/2008 LSB Corporation North Andover MA Preferred Stock w/ Warrants 15,000,000 $ Par 11/18/20

12/19/2008 Intermountain Community Bancorp Sandpoint ID Preferred Stock w/ Warrants 27,000,000 $ Par 

12/19/2008 Community West Bancshares Goleta CA Preferred Stock w/ Warrants 15,600,000 $ Par 12/19/2008 Synovus Financial Corp. Columbus GA Preferred Stock w/ Warrants 967,870,000 $ Par 12/19/2008 Tennessee Commerce Bancorp, Inc. Franklin TN Preferred Stock w/ Warrants 30,000,000 $ Par 12/19/2008 Community Bankers Trust Corporation Glen Allen VA Preferred Stock w/ Warrants 17,680,000 $ Par 

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

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

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

12/19/2008 Wainwright Bank & Trust Company Boston MA Preferred Stock w/ Warrants 22,000,000 $ Par 11/24/20

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 12/19/2008 Horizon Bancorp Horizon Bancorp Michigan City Michigan City IN Preferred Stock w/ Warrants Preferred Stock w/ Warrants $ 25 000 000 25,000,000 Par

12/19/2008 Fidelity Southern Corporation Atlanta GA Preferred Stock w/ Warrants 48,200,000 $ Par 12/19/2008 Community Financial Corporation Staunton VA Preferred Stock w/ Warrants 12,643,000 $ Par 

12/19/2008 Berkshire Hills Bancorp, Inc. Pittsfield MA Preferred Stock w/ Warrants 40,000,000 $ Par 5/27/20

12/19/2008 First California Financial Group, Inc Westlake Village CA Preferred Stock w/ Warrants 25,000,000 $ Par 12/19/2008 AmeriServ Financial, Inc Johnstown PA Preferred Stock w/ Warrants 21,000,000 $ Par 

12/19/2008 Security Federal Corporation Aiken SC Preferred Stock w/ Warrants 18,000,000 $ Par 

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

12/19/2008 Flushing Financial Corporation Lake Success NY Preferred Stock w/ Warrants 70,000,000 $ Par 10/28/20

12/19/2008 Monarch Financial Holdings, Inc. Chesapeake VA Preferred Stock w/ Warrants 14,700,000 $ Par 12/23/2012/19/2008 StellarOne Corporation Charlottesville VA Preferred Stock w/ Warrants 30,000,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment 

Footnote Purchase Date 

Seller Purchase Details Capita

18 12/19/2008 Union First Market Bankshares Corporation (Union Bankshares Corporation) Bowling Green VA Preferred Stock w/ Warrants 59,000,000 $ Par 11/18/20

12/19/2008 Tidelands Bancshares, Inc Mt. Pleasant SC Preferred Stock w/ Warrants 14,448,000 $ Par 12/19/2008 Bancorp Rhode Island, Inc. Providence RI Preferred Stock w/ Warrants 30,000,000 $ Par 8/5/20

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 5/13/20

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 y p Preferred Stock w/ Exercised Warrants 36,282,000 $ Par 

2 12/19/2008 Patapsco Bancorp, Inc. Dundalk MD Preferred Stock w/ Exercised Warrants 6,000,000 $ Par 

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

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

12/23/2008 First Financial Bancorp Cincinnati OH Preferred Stock w/ Warrants 80,000,000 $ Par 2/24/20

12/23/2008 Bridge Capital Holdings San Jose CA Preferred Stock w/ Warrants 23,864,000 $ Par 12/23/2008 International Bancshares Corporation Laredo TX Preferred Stock w/ Warrants 216,000,000 $ Par 12/23/2008 First Sound Bank Seattle WA Preferred Stock w/ Warrants 7,400,000 $ Par 12/23/2008 M&T Bank Corporation Buffalo NY Preferred Stock w/ Warrants 600,000,000 $ Par 12/23/2008 Emclaire Financial Corp. Emlenton PA Preferred Stock w/ Warrants 7,500,000 $ Par 

12/23/2008 Park National Corporation Newark OH Preferred Stock w/ Warrants 100,000,000 $ Par 12/23/2008 Green Bankshares, Inc. Greeneville TN Preferred Stock w/ Warrants 72,278,000 $ Par 

12/23/2008 Cecil Bancorp, Inc. Elkton MD Preferred Stock w/ Warrants 11,560,000 $ Par 

12/23/2008 Financial Institutions, Inc. Warsaw NY Preferred Stock w/ Warrants 37,515,000 $ Par 

12/23/2008 Fulton Financial Corporation Lancaster PA Preferred Stock w/ Warrants 376,500,000 $ Par 

12/23/2008 United Bancorporation of Alabama, Inc. Atmore AL Preferred Stock w/ Warrants 10,300,000 $ Par 12/23/2008 MutualFirst Financial, Inc. Muncie IN Preferred Stock w/ Warrants 32,382,000 $ Par 12/23/2008 BCSB Bancorp, Inc. Baltimore MD Preferred Stock w/ Warrants 10,800,000 $ Par 

12/23/2008 HMN Financial, Inc. Rochester MN Preferred Stock w/ Warrants 26,000,000 $ Par 

12/23/2008 First Community Bank Corporation of America Pinellas Park FL Preferred Stock w/ Warrants 10,685,000 $ Par 12/23/2008 Sterling Bancorp New York NY Preferred Stock w/ Warrants 42,000,000 $ Par 12/23/2008 Intervest Bancshares Corporation New York NY Preferred Stock w/ Warrants 25,000,000 $ Par 12/23/2008 Peoples Bancorp of North Carolina, Inc. Newton NC Preferred Stock w/ Warrants 25,054,000 $ Par 12/23/2008 Parkvale Financial Corporation Monroeville PA Preferred Stock w/ Warrants 31,762,000 $ Par 

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

12/23/2008 12/23/2008 1st Constitution Bancorp 1st Constitution Bancorp Cranbury Cranbury NJ Preferred Stock w/ Warrants Preferred Stock w/ Warrants $ 12 000 000 12,000,000 Par

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

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

2 12/23/2008 Capital Pacific Bancorp Portland OR Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 

2 12/23/2008 Uwharrie Capital Corp Albemarle NC Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 

3 12/23/2008 Mission Valley Bancorp Sun Valley CA Preferred Stock 5,500,000 $ Par 2 12/23/2008 The Little Bank, Incorporated Kinston NC Preferred Stock w/ Exercised Warrants 7,500,000 $ Par 

2 12/23/2008 Pacific Commerce Bank Los Angeles CA Preferred Stock w/ Exercised Warrants 4,060,000 $ Par 

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

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

 Pricing 

Mechanism

Capital 

Repayment 

Footnote Purchase Date 

Seller Purchase Details Capita

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

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

2 12/23/2008 Magna Bank Memphis TN Preferred Stock w/ Exercised Warrants 13,795,000 $ Par 11/24/20

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

2 12/23/2008 Community Investors Bancorp, Inc. Bucyrus OH Preferred Stock w/ Exercised Warrants 2,600,000 $ Par 2 12/23/2008 Capital Bancorp, Inc. Rockville MD Preferred Stock w/ Exercised Warrants 4,700,000 $ Par 

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

2 12/23/2008 Citizens Bancorp Nevada City CA Preferred Stock w/ Exercised Warrants 10,400,000 $ Par 

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

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

12/31/2008 SunTrust Banks, Inc. Atlanta GA Preferred Stock w/ Warrants 1,350,000,000 $ Par 12/31/2008 The PNC Financial Services Group Inc. Pittsburgh PA Preferred Stock w/ Warrants 7,579,200,000 $ Par 2/10/20

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

16 12/31/2008 CIT Group Inc. New York NY Contingent Value Rights 2,330,000,000 $ Par 2/8/20

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

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

1a, 1b 1/9/2009 Bank of America Corporation Charlotte NC Preferred Stock w/ Warrants 10,000,000,000 $ Par 12/9/20

1/9/2009 FirstMerit Corporation Akron OH Preferred Stock w/ Warrants $ 125,000,000 Par 4/22/2001/9/2009 FirstMerit Corporation Akron OH Preferred Stock w/ Warrants $ 125,000,000 Par 4/22/200

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 1/6/20

1/9/2009 Commerce National Bank Newport Beach CA Preferred Stock w/ Warrants 5,000,000 $ Par 10/7/20

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 4/8/20

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 6/17/20

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 4/22/20

1/9/2009 Cadence Financial Corporation Starkville MS Preferred Stock w/ Warrants 44,000,000 $ Par 1/9/2009 LCNB Corp. Lebanon OH Preferred Stock w/ Warrants 13,400,000 $ Par 10/21/201/9/2009 Center Bancorp, Inc. Union NJ Preferred Stock w/ Warrants 10,000,000 $ Par 1/9/2009 F.N.B. Corporation Hermitage PA Preferred Stock w/ Warrants 100,000,000 $ Par 9/9/20

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

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

1/9/2009 Shore Bancshares, Inc. Easton MD Preferred Stock w/ Warrants 25,000,000 $ Par 4/15/20

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

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

2 1/9/2009 Security Business Bancorp San Diego CA Preferred Stock w/ Exercised Warrants 5,803,000 $ Par 2 1/9/2009 Sound Banking Company Morehead City NC Preferred Stock w/ Exercised Warrants 3,070,000 $ Par 3 1/9/2009 Mission Community Bancorp San Luis Obispo CA Preferred Stock 5,116,000 $ Par 2 1/9/2009 Redwood Financial Inc. Redwood Falls MN Preferred Stock w/ Exercised Warrants 2,995,000 $ Par 2 1/9/2009 Surrey Bancorp Mount Airy NC Preferred Stock w/ Exercised Warrants 2,000,000 $ Par 

2 1/9/2009 Independence Bank East Greenwich RI Preferred Stock w/ Exercised Warrants 1,065,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment 

Footnote Purchase Date 

Seller Purchase Details Capita

2 1/9/2009 Valley Community Bank Pleasanton CA Preferred Stock w/ Exercised Warrants 5,500,000 $ Par 

2 1/9/2009 Rising Sun Bancorp Rising Sun MD Preferred Stock w/ Exercised Warrants 5,983,000 $ Par 2 1/9/2009 Community Trust Financial Corporation Ruston LA Preferred Stock w/ Exercised Warrants 24,000,000 $ Par 2 1/9/2009 GrandSouth Bancorporation Greenville SC Preferred Stock w/ Exercised Warrants 9,000,000 $ Par 

2 1/9/2009 Texas National Bancorporation Jacksonville TX Preferred Stock w/ Exercised Warrants 3,981,000 $ Par 2 1/9/2009 Congaree Bancshares, Inc. Cayce SC Preferred Stock w/ Exercised Warrants 3,285,000 $ Par 2 1/9/2009 New York Private Bank & Trust Corporation New York NY Preferred Stock w/ Exercised Warrants 267,274,000 $ Par 

1/16/2009 Home Bancshares, Inc. Conway AR Preferred Stock w/ Warrants 50,000,000 $ Par 1/16/2009 Washington Banking Company Oak Harbor WA Preferred Stock w/ Warrants 26,380,000 $ Par 1/16/2009 New Hampshire Thrift Bancshares, Inc. Newport NH Preferred Stock w/ Warrants 10,000,000 $ Par 1/16/2009 Bar Harbor Bankshares Bar Harbor ME Preferred Stock w/ Warrants 18,751,000 $ Par 2/24/20

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

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

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 5/13/201/16/2009 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 1/16/2009 Citizens & Northern Corporation Citizens & Northern Corporation Wellsboro Wellsboro PA Preferred Stock w/ Warrants Preferred Stock w/ Warrants $ 26,440,000 26,440,000 Par

1/16/2009 MainSource Financial Group, Inc. Greensburg IN Preferred Stock w/ Warrants 57,000,000 $ Par 1/16/2009 MetroCorp Bancshares, Inc. Houston TX Preferred Stock w/ Warrants 45,000,000 $ Par 1/16/2009 United Bancorp, Inc. Tecumseh MI Preferred Stock w/ Warrants 20,600,000 $ Par 1/16/2009 Old Second Bancorp, Inc. Aurora IL Preferred Stock w/ Warrants 73,000,000 $ Par 

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

1/16/2009 OceanFirst Financial Corp. Toms River NJ Preferred Stock w/ Warrants 38,263,000 $ Par 12/30/20

2 1/16/2009 Community 1st Bank Roseville CA Preferred Stock w/ Exercised Warrants 2,550,000 $ Par 2 1/16/2009 TCB Holding Company, Texas Community Bank The Woodlands TX Preferred Stock w/ Exercised Warrants 11,730,000 $ Par 2 1/16/2009 Centra Financial Holdings, Inc. Morgantown WV Preferred Stock w/ Exercised Warrants 15,000,000 $ Par 3/31/202 1/16/2009 First Bankers Trustshares, Inc. Quincy IL Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 

2, 19 1/16/2009 Pacific Coast National Bancorp San Clemente CA Preferred Stock w/ Exercised Warrants 4,120,000 $ Par 2/11/20

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 8/12/20

2 1/16/2009 BNCCORP, Inc. Bismarck ND Preferred Stock w/ Exercised Warrants 20, $ Par 093,000

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

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

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

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

1/23/2009 1st Source Corporation South Bend IN Preferred Stock w/ Warrants 111,000,000 $ Par 1/23/2009 Princeton National Bancorp, Inc. Princeton IL Preferred Stock w/ Warrants 25,083,000 $ Par 1/23/2009 AB&T Financial Corporation Gastonia NC Preferred Stock w/ Warrants 3,500,000 $ Par 1/23/2009 First Citizens Banc Corp Sandusky OH Preferred Stock w/ Warrants 23,184,000 $ Par 1/23/2009 WSFS Financial Corporation Wilmington DE Preferred Stock w/ Warrants 52,625,000 $ Par 

2 1/23/2009 Commonwealth Business Bank Los Angeles CA Preferred Stock w/ Exercised Warrants 7,701,000 $ Par 

2, 13 - 

12/4/2009 1/23/2009 Three Shores Bancorporation, Inc. (Seaside National Bank & Trust) Orlando FL Preferred Stock w/ Exercised Warrants 5,677,000 $ Par 

2 1/23/2009 CalWest Bancorp Rancho Santa Margarita CA Preferred Stock w/ Exercised Warrants 4,656,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment 

Footnote Purchase Date 

Seller Purchase Details Capita

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 4/22/20

2 1/23/2009 Alarion Financial Services, Inc. Ocala FL Preferred Stock w/ Exercised Warrants 6,514,000 $ Par 

2 1/23/2009 Midland States Bancorp, Inc. Effingham IL Preferred Stock w/ Exercised Warrants 10,189,000 $ Par 12/23/20

2 1/23/2009 Moscow Bancshares, Inc. Moscow TN Preferred Stock w/ Exercised Warrants 6,216,000 $ Par 2 1/23/2009 Farmers Bank Windsor VA Preferred Stock w/ Exercised Warrants 8,752,000 $ Par 

2 1/23/2009 California Oaks State Bank Thousand Oaks CA Preferred Stock w/ Exercised Warrants 3,300,000 $ Par 

2 1/23/2009 Pierce County Bancorp Tacoma WA Preferred Stock w/ Exercised Warrants 6,800,000 $ Par 2 1/23/2009 Calvert Financial Corporation Ashland MO Preferred Stock w/ Exercised Warrants 1,037,000 $ Par 

2 1/23/2009 Liberty Bancshares, Inc. Jonesboro AR Preferred Stock w/ Exercised Warrants 57,500,000 $ Par 2 1/23/2009 Crosstown Holding Company Blaine MN Preferred Stock w/ Exercised Warrants 10,650,000 $ Par 2 1/23/2009 BankFirst Capital Corporation Macon MS Preferred Stock w/ Exercised Warrants 15,500,000 $ Par 

2 1/23/2009 Southern Illinois Bancorp, Inc. Carmi IL Preferred Stock w/ Exercised Warrants 5,000,000 $ Par 

2 1/23/2009 FPB Financial Corp. Hammond LA Preferred Stock w/ Exercised Warrants 3,240,000 $ Par 12/16/20

2 1/23/2009 Stonebridge Financial Corp. West Chester PA Preferred Stock w/ Exercised Warrants 10,973,000 $ Par 

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

1/30/2009 1/30/2009 Flagstar Bancorp, Inc. Flagstar Bancorp, Inc. Troy MI Preferred Stock w/ Warrants Preferred Stock w/ Warrants $ 266,657,000 266,657,000 Par

1/30/2009 Middleburg Financial Corporation Middleburg VA Preferred Stock w/ Warrants 22,000,000 $ Par 12/23/20

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 8,950,000 $ Par 

2 1/30/2009 /30/2009 Bankers' Bank o B k ' B k f th W t B I f the West Bancorp, Inc. Denver CO Pre f d St k / E i d W t ferred Stock w/ Exercised Warrants 12,639,000 $ Par 12 639 000 P

2 1/30/2009 W.T.B. Financial Corporation Spokane WA Preferred Stock w/ Exercised Warrants 110,000,000 $ Par 

2 1/30/2009 AMB Financial Corp. Munster IN Preferred Stock w/ Exercised Warrants 3,674,000 $ Par 

2 1/30/2009 Goldwater Bank, N.A. Scottsdale AZ Preferred Stock w/ Exercised Warrants 2,568,000 $ Par 2 1/30/2009 Equity Bancshares, Inc. Wichita KS Preferred Stock w/ Exercised Warrants 8,750,000 $ Par 

2, 13 - 

10/30/2009 1/30/2009 WashingtonFirst Bankshares, Inc. (WashingtonFirst Bank) Reston VA Preferred Stock w/ Exercised Warrants 6,633,000 $ Par 

2 1/30/2009 Central Bancshares, Inc. Houston TX Preferred Stock w/ Exercised Warrants 5,800,000 $ Par 

2 1/30/2009 Hilltop Community Bancorp, Inc. Summit NJ Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 4/21/20

2 1/30/2009 Northway Financial, Inc. Berlin NH Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 

2 1/30/2009 Monument Bank Bethesda MD Preferred Stock w/ Exercised Warrants 4,734,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment 

Footnote Purchase Date 

Seller Purchase Details Capita

2 1/30/2009 Metro City Bank Doraville GA Preferred Stock w/ Exercised Warrants 7,700,000 $ Par 2 1/30/2009 F & M Bancshares, Inc. Trezevant TN Preferred Stock w/ Exercised Warrants 4,609,000 $ Par 2 1/30/2009 First Resource Bank Exton PA Preferred Stock w/ Exercised Warrants 2,600,000 $ Par 

2/6/2009 MidWestOne Financial Group, Inc. Iowa City IA Preferred Stock w/ Warrants 16,000,000 $ Par 2/6/2009 Lakeland Bancorp, Inc. Oak Ridge NJ Preferred Stock w/ Warrants 59,000,000 $ Par 2/6/2009 Monarch Community Bancorp, Inc. Coldwater MI Preferred Stock w/ Warrants 6,785,000 $ Par 2/6/2009 The First Bancshares, Inc. Hattiesburg MS Preferred Stock w/ Warrants 5,000,000 $ Par 2/6/2009 Carolina Trust Bank Lincolnton NC Preferred Stock w/ Warrants 4,000,000 $ Par 2/6/2009 Alaska Pacific Bancshares, Inc. Juneau AK Preferred Stock w/ Warrants 4,781,000 $ Par 

3 2/6/2009 PGB Holdings, Inc. Chicago IL Preferred Stock 3,000,000 $ Par 2 2/6/2009 The Freeport State Bank Harper KS Preferred Stock w/ Exercised Warrants 301,000 $ Par 2 2/6/2009 Stockmens Financial Corporation Rapid City SD Preferred Stock w/ Exercised Warrants 15,568,000 $ Par 2 2/6/2009 US Metro Bank Garden Grove CA Preferred Stock w/ Exercised Warrants 2,861,000 $ Par 2 2/6/2009 First Express of Nebraska, Inc. Gering NE Preferred Stock w/ Exercised Warrants 5,000,000 $ Par 2 2/6/2009 Mercantile Capital Corp. Boston MA Preferred Stock w/ Exercised Warrants 3,500,000 $ Par 2 2/6/2009 Citizens Commerce Bancshares, Inc. Versailles KY Preferred Stock w/ Exercised Warrants 6,300,000 $ Par 3 2/6/2009 Liberty Financial Services, Inc. New Orleans LA Preferred Stock 5,645,000 $ Par 2 2/6/2009 Lone Star Bank Houston TX Preferred Stock w/ Exercised Warrants 3,072,000 $ Par 

18 2/6/2009 Union First Market Bankshares Corporation (First Market Bank, FSB) Bowling Green VA Preferred Stock 33,900,000 $ Par ( )

2 2/6/2009 Banner County Ban Corporation Harrisburg NE Preferred Stock w/ Exercised Warrants 795,000 $ Par 2 2/6/2009 Centrix Bank & Trust Bedford NH Preferred Stock w/ Exercised Warrants 7,500,000 $ Par 2 2/6/2009 Todd Bancshares, Inc. Hopkinsville KY Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 

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

2 2/6/2009 First Bank of Charleston, Inc. Charleston WV Preferred Stock w/ Exercised Warrants 3,345,000 $ Par 2 2/6/2009 F & M Financial Corporation 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, 13 - 

2/10/2010 2/6/2009 Pascack Bancorp, Inc. (Pascack Community Bank) Westwood NJ Preferred Stock w/ Exercised Warrants 3,756,000 $ Par 

2 2/6/2009 First Western Financial, Inc. Denver CO Preferred Stock w/ Exercised Warrants 8,559,000 $ Par 

2/13/2009 QCR Holdings, Inc. Moline IL Preferred Stock w/ Warrants 38,237,000 $ Par 

9/2/200

11/18/200

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

2 2/13/2009 First Menasha Bancshares, Inc. Neenah WI Preferred Stock w/ Exercised Warrants 4,797,000 $ Par 

2 2/13/2009 1st Enterprise Bank Los Angeles CA Preferred Stock w/ Exercised Warrants 4,400,000 $ Par 2 2/13/2009 DeSoto County Bank Horn Lake MS Preferred Stock w/ Exercised Warrants 1,173,000 $ Par 2 2/13/2009 Security Bancshares of Pulaski County, Inc. Waynesville MO Preferred Stock w/ Exercised Warrants 2,152,000 $ Par 

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

2 2/13/2009 State Capital Corporation Greenwood MS Preferred Stock w/ Exercised Warrants 15,000,000 $ Par 

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

2 2/13/2009 Corning Savings and Loan Association Corning AR Preferred Stock w/ Exercised Warrants 638,000 $ Par 2 2/13/2009 Financial Security Corporation Basin WY Preferred Stock w/ Exercised Warrants 5,000,000 $ Par 

2 2/13/2009 ColoEast Bankshares, Inc. Lamar CO Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 

2 2/13/2009 Santa Clara Valley Bank, N.A. Santa Paula CA Preferred Stock w/ Exercised Warrants 2,900,000 $ Par 2 2/13/2009 Reliance Bancshares, Inc. Frontenac MO Preferred Stock w/ Exercised Warrants 40,000,000 $ Par 

2 2/13/2009 Regional Bankshares, Inc. Hartsville SC Preferred Stock w/ Exercised Warrants 1,500,000 $ Par 

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

2 2/13/2009 First Choice Bank Cerritos CA Preferred Stock w/ Exercised Warrants 2,200,000 $ Par 2 2/13/2009 Gregg Bancshares, Inc. Ozark MO Preferred Stock w/ Exercised Warrants 825,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment 

Footnote Purchase Date 

Seller Purchase Details Capita

2 2/13/2009 Hometown Bancshares, Inc. Corbin KY Preferred Stock w/ Exercised Warrants 1,900,000 $ Par 2 2/13/2009 Midwest Regional Bancorp, Inc. Festus MO Preferred Stock w/ Exercised Warrants 700,000 $ Par 11/10/20

2 2/13/2009 Bern Bancshares, Inc. Bern KS Preferred Stock w/ Exercised Warrants 985,000 $ Par 2 2/13/2009 Northwest Bancorporation, Inc. Spokane WA Preferred Stock w/ Exercised Warrants 10,500,000 $ Par 2 2/13/2009 Liberty Bancshares, Inc. Springfield MO Preferred Stock w/ Exercised Warrants 21,900,000 $ Par 

2 2/13/2009 F&M Financial Corporation Clarksville TN Preferred Stock w/ Exercised Warrants 17,243,000 $ Par 2 2/13/2009 Meridian Bank Devon PA Preferred Stock w/ Exercised Warrants 6,200,000 $ Par 2 2/13/2009 Northwest Commercial Bank Lakewood WA Preferred Stock w/ Exercised Warrants 1,992,000 $ Par 

2/20/2009 Royal Bancshares of Pennsylvania, Inc. Narberth PA Preferred Stock w/ Warrants 30,407,000 $ Par 2/20/2009 First Merchants Corporation Muncie IN Preferred Stock w/ Warrants 116,000,000 $ Par 2/20/2009 Northern States Financial Corporation Waukegan IL Preferred Stock w/ Warrants 17,211,000 $ Par 

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

2 2/20/2009 Guaranty Bancorp, Inc. Woodsville NH Preferred Stock w/ Exercised Warrants 6,920,000 $ Par 2 2/20/2009 The Private Bank of California Los Angeles CA Preferred Stock w/ Exercised Warrants 5,450,000 $ Par 2 2/20/2009 Lafayette Bancorp, Inc. Oxford MS Preferred Stock w/ Exercised Warrants 1,998,000 $ Par 2 2/20/2009 Liberty Shares, Inc. Hinesville GA Preferred Stock w/ Exercised Warrants 17,280,000 $ Par 2 2/20/2009 White River Bancshares Company Fayetteville AR Preferred Stock w/ Exercised Warrants 16,800,000 $ Par 2 2/20/2009 United American Bank San Mateo CA Preferred Stock w/ Exercised Warrants 8,700,000 $ Par 2 2/20/2009 Crazy Woman Creek Bancorp, Inc. Buffalo WY Preferred Stock w/ Exercised Warrants 3,100,000 $ Par 

2 2/20/2009 2/20/2009 First Priority Financial Corp. First Priority Financial Corp. Malvern Malvern PA Preferred Stock w/ Exercised Warrants Preferred Stock w/ Exercised Warrants $ 4,579,000 4,579,000 Par

2 2/20/2009 Mid-Wisconsin Financial Services, Inc. Medford WI Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 

2 2/20/2009 Market Bancorporation, Inc. New Market MN Preferred Stock w/ Exercised Warrants 2,060,000 $ Par 2 2/20/2009 Hometown Bancorp of Alabama, Inc. Oneonta AL Preferred Stock w/ Exercised Warrants 3,250,000 $ Par 2 2/20/2009 Security State Bancshares, Inc. Charleston MO Preferred Stock w/ Exercised Warrants 12,500,000 $ Par 

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

2 2/20/2009 BancPlus Corporation Ridgeland MS Preferred Stock w/ Exercised Warrants 48,000,000 $ Par 2 2/20/2009 Central Community Corporation Temple TX Preferred Stock w/ Exercised Warrants 22,000,000 $ Par 2 2/20/2009 First BancTrust Corporation Paris IL Preferred Stock w/ Exercised Warrants 7,350,000 $ Par 

2 2/20/2009 Premier Service Bank Riverside CA Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2 2/20/2009 Florida Business BancGroup, Inc. Tampa FL Preferred Stock w/ Exercised Warrants 9,495,000 $ Par 

2 2/20/2009 Hamilton State Bancshares Hoschton GA Preferred Stock w/ Exercised Warrants 7,000,000 $ Par 

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

2/27/2009 First M&F Corporation Kosciusko MS Preferred Stock w/ Warrants 30,000,000 $ Par 2/27/2009 Southern First Bancshares, Inc. Greenville SC Preferred Stock w/ Warrants 17,299,000 $ Par 2/27/2009 Integra Bank Corporation Evansville IN Preferred Stock w/ Warrants 83,586,000 $ Par 

2 2/27/2009 Community First Inc. Columbia TN Preferred Stock w/ Exercised Warrants 17,806,000 $ Par 2 2/27/2009 BNC Financial Group, Inc. New Canaan CT Preferred Stock w/ Exercised Warrants 4,797,000 $ Par 

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 4/14/20

2 2/27/2009 Ridgestone Financial Services, Inc. Brookfield WI Preferred Stock w/ Exercised Warrants 10,900,000 $ Par 

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

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

2 2/27/2009 TriState Capital Holdings, Inc. Pittsburgh PA Preferred Stock w/ Exercised Warrants 23,000,000 2/27/2009 T iSt t C it l H ldi I Pitt b h PA P f d St k / E i d W t $ Par 23 000 000 P2 2/27/2009 Green City Bancshares, Inc. Green City MO Preferred Stock w/ Exercised Warrants 651,000 $ Par 2 2/27/2009 First Gothenburg Bancshares, Inc. Gothenburg NE Preferred Stock w/ Exercised Warrants 7,570,000 $ Par 2 2/27/2009 Green Circle Investments, Inc. Clive IA Preferred Stock w/ Exercised Warrants 2,400,000 $ Par 

2 2/27/2009 Private Bancorporation, Inc. Minneapolis MN Preferred Stock w/ Exercised Warrants 4,960,000 $ Par 

2 2/27/2009 Regent Capital Corporation Nowata OK Preferred Stock w/ Exercised Warrants 2,655,000 $ Par 

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

2 2/27/2009 Medallion Bank Salt Lake City UT Preferred Stock w/ Exercised Warrants 11,800,000 $ Par 2 2/27/2009 PSB Financial Corporation Many LA Preferred Stock w/ Exercised Warrants 9,270,000 $ Par 2 2/27/2009 Avenue Financial Holdings, Inc. Nashville TN Preferred Stock w/ Exercised Warrants 7,400,000 $ Par 

2 2/27/2009 Howard Bancorp, Inc. Ellicott City MD Preferred Stock w/ Exercised Warrants 5,983,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment 

Footnote Purchase Date 

Seller Purchase Details Capita

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

2, 13 - 

12/4/2009 2/27/2009 The Victory Bancorp, Inc. (The Victory Bank) Limerick PA Preferred Stock w/ Exercised Warrants 541,000 $ Par 

2 2/27/2009 Catskill Hudson Bancorp, Inc Rock Hill NY Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 

2 2/27/2009 Midtown Bank & Trust Company Atlanta GA Preferred Stock w/ Exercised Warrants 5,222,000 $ Par 

3/6/2009 HCSB Financial Corporation Loris SC Preferred Stock w/ Warrants 12,895,000 $ Par 3/6/2009 First Busey Corporation Urbana IL Preferred Stock w/ Warrants 100,000,000 $ Par 3/6/2009 First Federal Bancshares of Arkansas, Inc. Harrison AR Preferred Stock w/ Warrants 16,500,000 $ Par 

3 3/6/2009 Citizens Bancshares Corporation Atlanta GA Preferred Stock 7,462,000 $ Par 2 3/6/2009 ICB Financial Ontario CA Preferred Stock w/ Exercised Warrants 6,000,000 $ Par 

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

2 3/6/2009 First Southwest Bancorporation, Inc. Alamosa CO Preferred Stock w/ Exercised Warrants 5,500,000 $ Par 2 3/6/2009 Germantown Capital Corporation, Inc. Germantown TN Preferred Stock w/ Exercised Warrants 4,967,000 $ Par 2 3/6/2009 BOH Holdings, Inc. Houston TX Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 2 3/6/2009 AmeriBank Holding Company Collinsville OK Preferred Stock w/ Exercised Warrants 2,492,000 $ Par 2 3/6/2009 Highlands Independent Bancshares, Inc. Sebring FL Preferred Stock w/ Exercised Warrants 6,700,000 $ Par 

2 3/6/2009 Pinnacle Bank Holding Company, Inc. Orange City FL Preferred Stock w/ Exercised Warrants 4,389,000 $ Par 2 3/6/2009 Blue River Bancshares, Inc. Shelbyville IN Preferred Stock w/ Exercised Warrants 5,000,000 $ Par 2 3/6/2009 Marine Bank & Trust Company Vero Beach FL Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 2 3/6/2009 Community Bancshares of Kansas, Inc. Goff KS Preferred Stock w/ Exercised Warrants 500,000 $ Par 2 3/6/2009 Regent Bancorp, Inc. Davie FL Preferred Stock w/ Exercised Warrants 9,982,000 $ Par 2 3/6/2009 Park Bancorporation, Inc. Madison WI Preferred Stock w/ Exercised Warrants 23,200,000 $ Par 

2 3/6/2009 PeoplesSouth Bancshares, Inc. Colquitt GA Preferred Stock w/ Exercised Warrants 12,325,000 $ Par 

3/13/2009 First Place Financial Corp. Warren OH Preferred Stock w/ Warrants 72,927,000 $ Par 3/13/2009 Salisbury Bancorp, Inc. Lakeville CT Preferred Stock w/ Warrants 8,816,000 $ Par 3/13/2009 First Northern Community Bancorp Dixon CA Preferred Stock w/ Warrants 17,390,000 $ Par 3/13/2009 Discover Financial Services Riverwoods IL Preferred Stock w/ Warrants 1,224,558,000 $ Par 4/21/20

3/13/2009 Provident Community Bancshares, Inc. Rock Hill SC Preferred Stock w/ Warrants 9,266,000 $ Par 

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

2 3/13/2009 Haviland Bancshares, Inc. Haviland KS Preferred Stock w/ Exercised Warrants 425,000 $ Par 2 3/13/2009 1st United Bancorp, Inc. Boca Raton FL Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 11/18/20

2 3/13/2009 Madison Financial Corporation Richmond KY Preferred Stock w/ Exercised Warrants 3,370,000 $ Par 

2 3/13/2009 First National Corporation Strasburg VA Preferred Stock w/ Exercised Warrants 13,900,000 $ Par 2 3/13/2009 St. Johns Bancshares, Inc. St. Louis MO Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 2 3/13/2009 Blackhawk Bancorp, Inc. Beloit WI Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 

2, 3a - 

11/13/2009 3/13/2009 IBW Financial Corporation Washington DC Preferred Stock 6,000,000 $ Par 

2 3/13/2009 Butler Point, Inc. Catlin IL Preferred Stock w/ Exercised Warrants 607,000 $ Par 2 3/13/2009 Bank of George Las Vegas NV Preferred Stock w/ Exercised Warrants 2,672,000 $ Par 2 3/13/2009 Moneytree Corporation Lenoir City TN Pref y p y erred Stock w/ Exercised Warrants 9,516,000 $ Par $ , ,

2 3/13/2009 Sovereign Bancshares, Inc. Dallas TX Preferred Stock w/ Exercised Warrants 18,215,000 $ Par 2 3/13/2009 First Intercontinental Bank Doraville GA Preferred Stock w/ Exercised Warrants 6,398,000 $ Par 

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

2 3/20/2009 Community First Bancshares Inc. Union City TN Preferred Stock w/ Exercised Warrants 20,000,000 $ Par 2 3/20/2009 First NBC Bank Holding Company New Orleans LA Preferred Stock w/ Exercised Warrants 17,836,000 $ Par 

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

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

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

2 3/20/2009 Farmers & Merchants Financial Corporation Argonia KS Preferred Stock w/ Exercised Warrants 442,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment 

Footnote Purchase Date 

Seller Purchase Details Capita

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

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

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

2 3/27/2009 Colonial American Bank West Conshohocken PA Preferred Stock w/ Exercised Warrants 574,000 $ Par 2 3/27/2009 MS Financial, Inc. Kingwood TX Preferred Stock w/ Exercised Warrants 7,723,000 $ Par 

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

2 3/27/2009 Naples Bancorp, Inc. Naples FL Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 

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

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

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

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

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

2 4/3/2009 Fortune Financial Corporation Arnold MO Preferred Stock w/ Exercised Warrants 3,100,000 $ Par 2 4/3/2009 BancStar, Inc. Festus MO Preferred Stock w/ Exercised Warrants 8,600,000 $ Par 

2 4/3/2009 Titonka Bancshares, Inc Titonka IA Preferred Stock w/ Exercised Warrants 2,117,000 $ Par 2 4/3/2009 Millennium Bancorp, Inc. Edwards CO Preferred Stock w/ Exercised Warrants 7,260,000 $ Par 2 4/3/2009 TriSummit Bank Kingsport TN Preferred Stock w/ Exercised Warrants 2,765,000 $ Par 2 4/3/2009 Prairie Star Bancshares, Inc. Olathe KS Preferred Stock w/ Exercised Warrants 2,800,000 $ Par 

2 4/3/2009 Community First Bancshares, Inc. Harrison AR Preferred Stock w/ Exercised Warrants 12,725,000 $ Par 2 4/3/2009 BCB Holding Company, Inc. Theodore AL Preferred Stock w/ Exercised Warrants 1,706,000 $ Par 3 4/10/2009 City National Bancshares Corporation Newark NJ Preferred Stock 9,439,000 $ Par 2 4/10/2009 First Business Bank, N.A. San Diego CA Preferred Stock w/ Exercised Warrants 2,211,000 $ Par 

2 4/10/2009 SV Financial, Inc. Sterling IL Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 

2 4/10/2009 Capital Commerce Bancorp, Inc. Milwaukee WI Preferred Stock w/ Exercised Warrants 5,100,000 $ Par 

2 4/10/2009 Metropolitan Capital Bancorp, Inc. Chicago IL Preferred Stock w/ Exercised Warrants 2,040,000 $ Par 

4/17/2009 Bank of the Carolinas Corporation Mocksville NC Preferred Stock w/ Warrants 13,179,000 $ Par 

2 4/17/2009 Penn Liberty Financial Corp. Wayne PA Preferred Stock w/ Exercised Warrants 9,960,000 $ Par 

2 4/17/2009 Tifton Banking Company Tifton GA Preferred Stock w/ Exercised Warrants 3,800,000 $ Par 

2 4/17/2009 Patterson Bancshares, Inc Patterson LA Preferred Stock w/ Exercised Warrants 3,690,000 $ Par 

2 4/17/2009 BNB Financial Services Corporation New York NY Preferred Stock w/ Exercised Warrants 7,500,000 $ Par 2 4/17/2009 Omega Capital Corp. Lakewood CO Preferred Stock w/ Exercised Warrants 2,816,000 $ Par 

4/24/2009 Mackinac Financial Corporation Manistique MI Preferred Stock w/ Warrants 11,000,000 $ Par 

2 4/24/2009 Birmingham Bloomfield Bancshares, Inc Birmingham MI Preferred Stock w/ Exercised Warrants 1,635,000 $ Par 2 4/24/2009 Vision Bank - Texas Richardson TX Preferred Stock w/ Exercised Warrants 1,500,000 $ Par 2 4/24/2009 Oregon Bancorp, Inc. Salem OR Preferred Stock w/ Exercised Warrants 3,216,000 $ Par 

2 4/24/2009 Peoples Bancorporation, Inc. Easley SC Preferred Stock w/ Exercised Warrants 12,660,000 $ Par 

2 4/24/2009 Indiana Bank Corp. Dana IN Preferred Stock w/ Exercised Warrants 1,312,000 $ Par 

2 4/24/2009 Business Bancshares, Inc. Clayton MO Preferred Stock w/ Exercised Warrants 15,000,000 $ Par 

2 4/24/2009 4/24/2009 Standard Bancshares, Inc. Standard Bancshares, Inc. Hickory Hills Hickory Hills IL Preferred Stock w/ Exercised Warrants Preferred Stock w/ Exercised Warrants $ 60,000,000 60,000,000 Par

2 4/24/2009 York Traditions Bank York PA Preferred Stock w/ Exercised Warrants 4,871,000 $ Par 2 4/24/2009 Grand Capital Corporation Tulsa OK Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2 4/24/2009 Allied First Bancorp, Inc. Oswego IL Preferred Stock w/ Exercised Warrants 3,652,000 $ Par 

8 4/24/2009 Frontier Bancshares, Inc. Austin TX Subordinated Debentures w/ Exercised Warrants $ Par 11/24/2009 3,000,000 

5/1/2009 Village Bank and Trust Financial Corp Midlothian VA Preferred Stock w/ Warrants 14,738,000 $ Par 

2 5/1/2009 CenterBank Milford OH Preferred Stock w/ Exercised Warrants 2,250,000 $ Par 

2 5/1/2009 Georgia Primary Bank Atlanta GA Preferred Stock w/ Exercised Warrants 4,500,000 $ Par 2 5/1/2009 Union Bank & Trust Company Oxford NC Preferred Stock w/ Exercised Warrants 3,194,000 $ Par 2 5/1/2009 HPK Financial Corporation Chicago IL Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment 

Footnote Purchase Date 

Seller Purchase Details Capita

8 5/1/2009 OSB Financial Services, Inc. Orange TX Subordinated Debentures w/ Exercised Warrants $ Par 6,100,000

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

2 5/8/2009 Highlands State Bank Vernon NJ Preferred Stock w/ Exercised Warrants 3,091,000 $ Par 

2 5/8/2009 One Georgia Bank Atlanta GA Preferred Stock w/ Exercised Warrants 5,500,000 $ Par 2 5/8/2009 Gateway Bancshares, Inc. Ringgold GA Preferred Stock w/ Exercised Warrants 6,000,000 $ Par 8 5/8/2009 Freeport Bancshares, Inc. Freeport IL Subordinated Debentures w/ Exercised Warrants $ Par 3,000,000

8 5/8/2009 Investors Financial Corporation of Pettis County, Inc. Sedalia MO Subordinated Debentures w/ Exercised Warrants $ Par 4,000,000

8 5/8/2009 Sword Financial Corporation Horicon WI Subordinated Debentures w/ Exercised Warrants $ Par 13,644,000

3, 8 5/8/2009 Premier Bancorp, Inc. Wilmette IL Subordinated Debentures 6,784,000 $ Par 

5/15/2009 Mercantile Bank Corporation Grand Rapids MI Preferred Stock w/ Warrants 21,000,000 $ Par 

2 5/15/2009 Northern State Bank Closter NJ Preferred Stock w/ Exercised Warrants 1,341,000 $ Par 

2 5/15/2009 Western Reserve Bancorp, Inc Medina OH Preferred Stock w/ Exercised Warrants 4,700,000 $ Par 

2 5/15/2009 Community Financial Shares, Inc. Glen Ellyn IL Preferred Stock w/ Exercised Warrants 6,970,000 $ Par 2 5/15/2009 Worthington Financial Holdings, Inc. Huntsville AL Preferred Stock w/ Exercised Warrants 2,720,000 $ Par 

2 5/15/2009 First Community Bancshares, Inc Overland Park KS Preferred Stock w/ Exercised Warrants 14,800,000 $ Par 

2 5/15/2009 Southern Heritage Bancshares, Inc. Cleveland TN Preferred Stock w/ Exercised Warrants 4,862,000 $ Par 

2 5/15/2009 Foresight Financial Group, Inc. Rockford IL Preferred Stock w/ Exercised Warrants 15,000,000 $ Par 

3, 8 5/15/2009 IBC Bancorp, Inc. Chicago IL Subordinated Debentures 4,205,000 $ Par 

8 5/15/2009 Boscobel Bancorp, Inc Boscobel WI Subordinated Debentures w/ Exercised Warrants $ Par 5,586,000

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

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

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

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

2 5/22/2009 The Landrum Company Columbia MO Preferred Stock w/ Exercised Warrants 15,000,000 $ Par 

2 5/22/2009 First Advantage Bancshares Inc. Coon Rapids MN Preferred Stock w/ Exercised Warrants 1,177,000 $ Par 2 5/22/2009 Fort Lee Federal Savings Bank Fort Lee NJ Preferred Stock w/ Exercised Warrants 1,300,000 $ Par 

2 5/22/2009 Blackridge Financial, Inc. Fargo ND Preferred Stock w/ Exercised Warrants 5,000,000 $ Par 

2 5/22/2009 Illinois State Bancorp, Inc. Chicago IL Preferred Stock w/ Exercised Warrants 6,272,000 $ Par 

2 5/22/2009 Universal Bancorp Bloomfield IN Preferred Stock w/ Exercised Warrants 9,900,000 $ Par 2 5/22/2009 Franklin Bancorp, Inc. Washington MO Preferred Stock w/ Exercised Warrants 5,097,000 $ Par 

8 5/22/2009 Commonwealth Bancshares, Inc. Louisville KY Subordinated Debentures w/ Exercised Warrants $ Par 20,400,000

8 5/22/2009 Premier Financial Corp Dubuque IA Subordinated Debentures w/ Exercised Warrants $ Par 6,349,000

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

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

8 5/22/2009 United Bank Corporation Barnesville GA Subordinated Debentures w/ Exercised Warrants $ Par 14,400,000

5/29/2009 Community Bank Shares of Indiana, Inc. New Albany IN Preferred Stock w/ Warrants 19,468,000 $ Par 

2 5/29/2009 American Premier Bancorp Arcadia CA Preferred Stock w/ Exercised Warrants 1,800,000 $ Par 

2 5/29/2009 CB Holding Corp. Aledo IL Preferred Stock w/ Exercised Warrants 4,114,000 $ Par 

2 5/29/2009 Citizens Bancshares Co. Chillicothe MO Preferred Stock w/ Exercised Warrants 24,990,000 $ Par 

2 5/29/2009 Grand Mountain Bancshares, Inc. Granby CO Preferred Stock w/ Exercised Warrants 3,076,000 $ Par 

2 5/29/2009 Two Rivers Financial Group Burlington IA Preferred Stock w/ Exercised Warrants 12,000,000 $ Par 

8 5/29/2009 Fidelity Bancorp, Inc Baton Rouge LA Subordinated Debentures w/ Exercised Warrants $ Par 3,942,000
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment 

Footnote Purchase Date 

Seller Purchase Details Capita

8 5/29/2009 Chambers Bancshares, Inc. Danville AR Subordinated Debentures w/ Exercised Warrants $ Par 19,817,000

2 6/5/2009 Covenant Financial Corporation Clarksdale MS Preferred Stock w/ Exercised Warrants 5,000,000 $ Par 8 6/5/2009 First Trust Corporation New Orleans LA Subordinated Debentures w/ Exercised Warrants $ Par 17,969,000

8, 10 6/5/2009 OneFinancial Corporation Little Rock AR Subordinated Debentures w/ Exercised Warrants $ Par 17,300,000

2 6/12/2009 Berkshire Bancorp, Inc. Wyomissing PA Preferred Stock w/ Exercised Warrants 2,892,000 $ Par 

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

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

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

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

8, 10 6/12/2009 First Financial Bancshares, Inc. Lawrence KS Subordinated Debentures w/ Exercised Warrants $ Par 3,756,000

8 6/12/2009 River Valley Bancorporation, Inc. Wausau WI Subordinated Debentures w/ Exercised Warrants $ Par 15,000,000

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 $ Par 2,639,000

8, 10 6/19/2009 Biscayne Bancshares, Inc. Coconut Grove FL Subordinated Debentures w/ Exercised Warrants y $ Par 6,400,000

8 6/19/2009 Duke Financial Group, Inc. Minneapolis MN Subordinated Debentures w/ Exercised Warrants $ Par 12,000,000

8 6/19/2009 Farmers Enterprises, Inc. Great Bend KS Subordinated Debentures w/ Exercised Warrants $ Par 12,000,000

8 6/19/2009 Century Financial Services Corporation Santa Fe NM Subordinated Debentures w/ Exercised Warrants $ Par 10,000,000

8 6/19/2009 NEMO Bancshares Inc. Madison MO Subordinated Debentures w/ Exercised Warrants $ Par 2,330,000

3, 8 6/19/2009 University Financial Corp, Inc. St. Paul MN Subordinated Debentures 11,926,000 $ Par 

8 6/19/2009 Suburban Illinois Bancorp, Inc. Elmhurst IL Subordinated Debentures w/ Exercised Warrants $ Par 15,000,000

6/26/2009 Hartford Financial Services Group, Inc. Hartford CT Preferred Stock w/ Warrants 3,400,000,000 $ Par 3/31/2010 

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

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

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

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

2 6/26/2009 First Alliance Bancshares, Inc. Cordova TN Preferred Stock w/ Exercised Warrants 3,422,000 $ Par 2 6/26/2009 Gulfstream Bancshares, Inc. Stuart FL Preferred Stock w/ Exercised Warrants 7,500,000 $ 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 2,986,000 $ Par 8 6/26/2009 Stearns Financial Services, Inc. St. Cloud MN Subordinated Debentures w/ Exercised Warrants $ Par 24,900,000

8 6/26/2009 Signature Bancshares, Inc. Dallas TX Subordinated Debentures w/ Exercised 8 6/26/2009 Signature Bancshares, Inc. Dallas TX $ 1,700,000 Par Warrants $ 1,700,000 Par

8 6/26/2009 Fremont Bancorporation Fremont CA Subordinated Debentures w/ Exercised Warrants $ Par 35,000,000

8 6/26/2009 Alliance Financial Services Inc. Saint Paul MN Subordinated Debentures w/ Exercised Warrants $ Par 12,000,000

7/10/2009 Lincoln National Corporation Radnor PA Preferred Stock w/ Warrants 950,000,000 $ Par 

2, 10 7/10/2009 Bancorp Financial, Inc. Oak Brook IL Preferred Stock w/ Exercised Warrants 13,669,000 $ Par 

2 7/17/2009 Brotherhood Bancshares, Inc. Kansas City KS Preferred Stock w/ Exercised Warrants 11,000,000 $ Par 

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 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment 

Footnote Purchase Date 

Seller Purchase Details Capita

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

8 7/17/2009 Great River Holding Company Baxter MN Subordinated Debentures w/ Exercised Warrants $ Par 8,400,000

8, 10 7/17/2009 Plato Holdings Inc. Saint Paul MN Subordinated Debentures w/ Exercised Warrants $ Par 2,500,000

7/24/2009 Yadkin Valley Financial Corporation Elkin NC Preferred Stock w/ Warrants 13,312,000 $ Par 

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

2 7/24/2009 Florida Bank Group, Inc. Tampa FL Preferred Stock w/ Exercised Warrants 20,471,000 $ Par 8 7/24/2009 First American Bank Corporation Elk Grove Village IL Subordinated Debentures w/ Exercised Warrants $ Par 50,000,000

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 $ Par 3,742,000

2 8/7/2009 The ANB Corporation Terrell TX Preferred Stock w/ Exercised Warrants 20,000,000 $ Par 2 8/7/2009 U.S. Century Bank Miami FL Preferred Stock w/ Exercised Warrants 50,236,000 $ Par 2 8/14/2009 Bank Financial Services, Inc. Eden Prarie MN Preferred Stock w/ Exercised Warrants 1,004,000 $ Par 2 8/21/2009 KS Bancorp, Inc. Smithfield NC Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 8 8/21/2009 AmFirst Financial Services, Inc. McCook NE Subordinated Debentures w/ Exercised Warrants $ Par 5,000,000

2, 3 8/28/2009 First Independence Corporation Detroit MI Preferred Stock 3,223,000 $ Par 

2 8/28/2009 First Guaranty Bancshares, Inc. Hammond LA 8/28/2009 Fi G B h I H d LA P f dS k /E i dW Preferred Stock w/ Exercised Warrants 20,699,000 $ Par 20 699 000 P

2, 10 8/28/2009 CoastalSouth Bancshares, Inc. Hilton Head Island SC Preferred Stock w/ Exercised Warrants 16,015,000 $ Par 8, 10 8/28/2009 TCB Corporation Greenwood SC Subordinated Debentures w/ Exercised Warrants $ Par 9,720,000

8, 10 9/4/2009 The State Bank of Bartley Bartley NE Subordinated Debentures w/ Exercised Warrants $ Par 1,697,000

9/11/2009 Pathfinder Bancorp, Inc. Oswego NY Preferred Stock w/ Warrants 6,771,000 $ Par 

2 9/11/2009 Community Bancshares of Mississippi, Inc. Brandon MS Preferred Stock w/ Exercised Warrants 52,000,000 $ Par 

2, 10 9/11/2009 Heartland Bancshares, Inc. Franklin IN Preferred Stock w/ Exercised Warrants 7,000,000 $ Par 

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

8 9/11/2009 First Eagle Bancshares, Inc. Hanover Park IL Subordinated Debentures w/ Exercised Warrants $ Par 7,500,000

2, 10 9/18/2009 IA Bancorp, Inc. Iselin NJ Preferred Stock w/ Exercised Warrants 5,976,000 $ Par 

2, 10 9/18/2009 HomeTown Bankshares Corporation Roanoke VA Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 

2, 10 9/25/2009 Heritage Bankshares, Inc. Norfolk VA Preferred Stock w/ Exercised Warrants 10,103,000 $ Par 

2 9/25/2009 Mountain Valley Bancshares, Inc. Cleveland GA Preferred Stock w/ Exercised Warrants 3,300,000 $ Par 8 9/25/2009 Grand Financial Corporation Hattiesburg MS Subordinated Debentures w/ Exercised Warrants $ Par 2,443,320

3, 8 9/25/2009 Guaranty Capital Corporation Belzoni MS Subordinated Debentures 14,000,000 $ Par 

10, 21 9/25/2009 GulfSouth Private Bank Destin FL Preferred Stock w/ Exercised Warrants 7,500,000 $ Par 

8, 10 9/25/2009 Steele Street Bank Corporation Denver CO Subordinated Debentures w/ Exercised Warrants $ Par 11,019,000

10/2/2009 Premier Financial Bancorp, Inc. Huntington WV Preferred Stock w/ Warrants 22,252,000 $ Par 

2, 10 10/2/2009 Providence Bank Rocky Mount NC Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2, 10 10/23/2009 Regents Bancshares, Inc. Vancouver WA Preferred Stock w/ Exercised Warrants 12,700,000 $ Par 

Subordinated Debentures w/ Exercised

8 10/23/2009 Cardinal Bancorp II, Inc. Washington MO

Subordinated Debentures w/ Exercised

Warrants $ Par 6,251,000

2 10/30/2009 Randolph Bank & Trust Company Asheboro NC Preferred Stock w/ Exercised Warrants $ Par 6,229,000

2, 10a 10/30/2009 WashingtonFirst Bankshares, Inc. Reston VA Preferred Stock $ Par 6,842,0002, 10a 11/6/2009 F & M Bancshares, Inc. Trezevant TN Preferred Stock $ Par 3,535,000

2, 10 11/13/2009 Fidelity Federal Bancorp Evansville IN Preferred Stock w/ Exercised Warrants $ Par 6,657,0008, 10 11/13/2009 Community Pride Bank Corporation Ham Lake MN

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

2, 10a 11/13/2009 HPK Financial Corporation Chicago IL Preferred Stock w/ Exercised Warrants $ Par 5,000,000

2, 10 11/20/2009 Presidio Bank San Francisco CA Preferred Stock w/ Exercised Warrants $ Par 10,800,000

2 11/20/2009 McLeod Bancshares, Inc. Shorewood MN Preferred Stock w/ Exercised Warrants $ Par 6,000,000

2, 10a 11/20/2009 Metropolitan Capital Bancorp, Inc. Chicago IL Preferred Stock $ Par 2,348,000
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment 

Footnote Purchase Date 

Seller Purchase Details Capita

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

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

2, 10 12/4/2009 Liberty Bancshares, Inc. Fort Worth TX Preferred Stock w/ Exercised Warrants $ Par 6,500,000

2 12/11/2009 First Community Financial Partners, Inc. Joliet IL Preferred Stock w/ Exercised Warrants $ Par 22,000,000

2, 10 12/11/2009 Wachusett Financial Services, Inc. Clinton MA Preferred Stock w/ Exercised Warrants $ Par 12,000,000

8 12/11/2009 Nationwide Bankshares, Inc. West Point NE Subordinated Debentures w/ Exercised Warrants $ Par 2,000,000

2, 10a 12/11/2009 GrandSouth Bancorporation Greenville SC Preferred Stock $ Par 6,319,000

2, 10a 12/11/2009 1st Enterprise Bank Los Angeles CA Preferred Stock $ Par 6,000,000

2, 10a 12/11/2009 First Resource Bank Exton PA Preferred Stock $ Par 2,417,000

2, 10a 12/11/2009 First Western Financial, Inc. Denver CO Preferred Stock $ Par 11,881,000

2, 10a 12/11/2009 Meridian Bank Devon PA Preferred Stock $ Par 6,335,000

2, 10a 12/11/2009 The Victory Bancorp, Inc. Limerick PA Preferred Stock w/ Exercised Warrants 1,505,000 $ Par 2, 10a 12/11/2009 First Business Bank, N.A. San Diego CA Preferred Stock $ Par 2,032,000

2 12/18/2009 Layton Park Financial Group Milwaukee WI Preferred Stock w/ Exercised Warrants $ Par 3,000,000

2, 10 12/18/2009 Centric Financial Corporation Harrisburg PA Preferred Stock w/ Exercised Warrants $ Par 6,056,000

2 12/18/2009 Valley Financial Group, Ltd., 1st State Bank Saginaw MI Preferred Stock w/ Exercised Warrants $ Par 1,300,000

2, 10a 12/18/2009 Cache Valley Banking Company Logan UT Preferred Stock $ Par 4,640,000

2, 10a 12/18/2009 Birmingham Bloomfield Bancshares, Inc Birmingham MI Preferred Stock $ Par 1,744,000

2, 10a 12/18/2009 First Priority Financial Corp. Malvern PA y p Preferred Stock $ Par 4,596,000

2, 10a 12/18/2009 Northern State Bank Closter NJ Preferred Stock $ Par 1,230,000

2, 10a 12/18/2009 Union Bank & Trust Company Oxford NC Preferred Stock $ Par 2,997,000

2, 10 12/22/2009 First Freedom Bancshares, Inc. Lebanon TN Preferred Stock w/ Exercised Warrants $ Par 8,700,000

2, 10a 12/22/2009 First Choice Bank Cerritos CA Preferred Stock $ Par 2,836,000

2, 10a 12/22/2009 Highlands State Bank Vernon NJ Preferred Stock $ Par 2,359,000

2, 10a 12/22/2009 Medallion Bank Salt Lake City UT Preferred Stock w/ Exercised Warrants $ Par 9,698,000

2, 10a 12/22/2009 Catskill Hudson Bancorp, Inc Rock Hill NY Preferred Stock w/ Exercised Warrants $ Par 3,500,000

2, 10a 12/22/2009 TriSummit Bank Kingsport TN Preferred Stock $ Par 4,237,000

2, 10 12/29/2009 Atlantic Bancshares, Inc. Bluffton SC Preferred Stock w/ Exercised Warrants $ Par 2,000,000

2, 10 12/29/2009 Union Financial Corporation Albuquerque NM Preferred Stock w/ Exercised Warrants $ Par 2,179,000

2 12/29/2009 Mainline Bancorp, Inc. Ebensburg PA Preferred Stock w/ Exercised Warrants $ Par 4,500,000

8, 10 12/29/2009 FBHC Holding Company Boulder CO Subordinated Debentures w/ Exercised Warrants $ Par 3,035,000

2, 10a 12/29/2009 Western Illinois Bancshares Inc. Monmouth IL Preferred Stock $ Par 4,567,000

2, 10a 12/29/2009 DeSoto County Bank Horn Lake MS Preferred Stock $ Par 1,508,000

2, 10a 12/29/2009 Lafayette Bancorp, Inc. Oxford MS Preferred Stock $ Par 2,453,000

2, 10a 12/29/2009 Private Bancorporation, Inc. Minneapolis MN Preferred Stock $ Par 3,262,000

2, 10a 12/29/2009 CBB Bancorp Cartersville GA Preferred Stock $ Par 1,753,000

2, 10a 12/29/2009 Illinois State Bancorp, Inc. Chicago IL Preferred Stock w/ Exercised Warrants $ Par 4,000,000

Total Purchase Amount 204,901,756,320 $ 

Notes appear on the following page

Total Loss

TOTAL TREASURY CAPITAL PURCHASE PROGRAM (CPP) INVESTMENT AMOUN

Notes appear on the following page.
4/ Repayment pursuant to Title VII, Section 7001(g) of the American Recovery and Reinvestment Act of 2009.

1a/ This transaction was included in previous Transaction Reports with Merrill Lynch & Co., Inc. listed as the qualifying institution and a 10/28/2008 transaction date, footnoted to indicate that settlement was deferred pending m1b/ The warrant disposition proceeds amount are stated pro rata in respect of the CPP investments in Bank of America Corporation that occurred on 10/28/2008 and 1/9/2009. The total gross disposition proceeds from CPP won 3/3/2010 appear on a following page of this report. 2/ Privately-held qualified financial institution; Treasury received a warrant to purchase additional shares of preferred stock (unless the institution is a CDFI), which it exercised immediately.3/ To promote community development financial institutions (CDFIs), Treasury does not require warrants as part of its investment in certified CDFIs when the size of the investment is $50 million or less.3a/ Treasury cancelled the warrants received from this institution due to its designation as a CDFI.15/ For final disposition of warrants, "R" represents proceeds from a repurchase of warrants by the financial institution, and "A" represents the proceeds to Treasury, before underwriting fees and selling expenses, from a sale b5/ Redemption pursuant to a qualified equity offering.6/ This amount does not include accrued and unpaid dividends, which must be paid at the time of capital repayment.7/ The proceeds associated with the disposition of this investment do not include accrued and unpaid dividends.8/ Subchapter S corporation; Treasury received a warrant to purchase additional subordinated debentures (unless the institution is a CDFI), which it exercised immediately.9/ In its qualified equity offering, this institution raised more capital than Treasury’s original investment, therefore, the number of Treasury’s shares underlying the warrant was reduced by half.10/ This institution participated in the expansion of CPP for small banks.10a/ This institution received an additional investment through the expansion of CPP for small banks.11/ Treasury made three separate investments in Citigroup Inc. ("Citigroup") under the CPP, Targeted Investment Program (TIP), and Asset Guarantee Program (AGP) for a total of $49 billion. On 6/9/2009, Treasury entered in

Stock, Series H (CPP Shares) "dollar for 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 Equ

shares of common stock and the associated warrant terminated 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 trustee for Popula

13/ This institution converted to a bank holding company structure and Treasury exchanged its securities for a like amount of securities that comply with the CPP terms applicable to bank holding companies. The institution in w

14/ As of the date of this report, this institution is in bankruptcy proceedings. 22/ On 4/16/2010, Treasury exchanged its $72,000,000 of Preferred Stock in Independent Bank Corporation (Independent) for $74,426,000 of Mandatory Convertible Preferred Stock (MCP), which is equivalent to the initial inveIndependent of the conditions related to its capital plan, the MCP may be converted to common stock.23/ Treasury received Citigroup common stock pursuant to the June 2009 Exchange Agreement between Treasury and Citigroup which provided for the exchange into common shares of the preferred stock that Treasury purc

M St l & C I t d (M St l ) di ti th it it fi i l t t ll t 1 500 000 000 h f th t k f ti t ti d i th i d di J 30 2010 S h 16/ On 12/10/2009, the bankruptcy reorganization plan of CIT Group Inc. became effective and Treasury's preferred stock and warrant investment were extinguished and replaced by Contingent Value Rights (CVRs). On 2/8/217/ On 12/11/2009, Treasury exchanged its Series A Preferred Stock issued by Superior Bancorp, Inc. for a like amount of non tax-deductible Trust Preferred Securities issued by Superior Capital Trust II, administrative trustee 18/ On 2/1/2010, following the acquisition of First Market Bank (First Market) by Union Bankshares Corporation (the acquiror), the preferred stock and exercised warrants issued by First Market on 2/6/2009 were exchanged for 19/ On 2/11/2010, Pacific Coast National Bancorp dismissed its bankruptcy proceedings with no recovery to any creditors or investors, including Treasury, and the investment was extinguished.20/ On 3/8/2010, Treasury exchanged its $84,784,000 of Preferred Stock in Midwest Banc Holdings, Inc. (MBHI) for $89,388,000 of Mandatory Convertible Preferred Stock (MCP), which is equivalent to the initial investment amconditions related to its capital plan, the MCP may be converted to common stock.21/ On 3/30/2010, Treasury exchanged its $7,500,000 of Subordinated Debentures in GulfSouth Private Bank for an equivalent amount of Preferred Stock, in connection with its conversion from a Subchapter S-Corporation, thMorgan Stanley & Co. Incorporated (Morgan Stanley) discretionary authority as its financial agent to sell up to 1,500,000,000 shares of the common stock from time to time during the period ending on June 30, 2010. Such saof the sale), Treasury will post a new transaction report setting forth the actual number of shares sold by Morgan Stanley, the weighted average price per share and the total proceeds to Treasury from such sales at the close of 24/ On 4/29/2010, Treasury entered into an agreement with Sterling Financial Corporation (Sterling) to exchange Treasury’s $303,000,000 of Preferred Stock for an equivalent amount of Mandatory Convertible Preferred Stock fulfillment by Sterling of the conditions related to its capital plan, the MCP may be converted to common stock.
12/29/2008 Purchase GMAC Preferred Stock w/ Exercised Warrants $ Par 12/30/2009 5,000,000,000 Exchange for convertible preferred stock $ N/A GMAC 

5,000,000,000 

GMAC GMAC GMAC 

12/30/2009 Purchase GMAC Trust Preferred Securities w/ Exercised Warrants $ Par 2,540,000,00012/30/2009 Purchase GMAC Convertible Preferred Stock w/ Exercised Warrants $ Par 22 1,250,000,00012/29/2008 Purchase General Motors Corporation Debt Obligation 884,024,131 $ Par 2 5/29/2009 Exchange for equity interest in GMAC $ N/A 884,024,131 3

12/31/2008 Purchase General Motors Corporation Debt Obligation w/ Additional Note $ Par 7/10/2009 13,400,000,000 Exchange for preferred and common stock in New GM $ 13,400,000,000 N/A 7

4/22/2009 Purchase General Motors Corporation Debt Obligation w/ Additional Note $ Par 2,000,000,000 4 7/10/2009 Exchange for preferred and common stock in New GM $ 2,000,000,000 N/A 7 General M

Company 

5/20/2009 Purchase General Motors Corporation Debt Obligation w/ Additional Note $ Par 4,000,000,000 5 7/10/2009 Exchange for preferred and common stock in New GM $ 4,000,000,000 N/A 7 General M

Company 

Transaction Type Seller Description Amount

Pricing 

Mechanism Date

AUTOMOTIVE INDUSTRY FINANCING PROGRAM

Initial Investment Exchange/Transfer/Other Details Tre

City, State Date 

Type Amount 

Pricing 

Mechanism Oblig

General 

Motors Detroit, MI 5/27/2009 Purchase

$ Par 22 12/30/2009 7,500,000,000 Partial exchange for common stock $ 3,000,000,000

GMAC Detroit, MI

5/21/2009 Purchase GMAC Convertible Preferred Stock w/ Exercised Warrants

General Motors Corporation

Debt Obligation w/ Additional Note $ Par 6 7/10/2009 360,624,198

N/A

Exchange for preferred and common stock in New GM $ 360,624,198 N/A 7 General M

Holdings L

6/3/2009 Purchase General Motors Corporation Debt Obligation w/ Additional Note $ Par 30,100,000,000 8 7/10/2009 Exchange for preferred and common stock in New GM $ 22,041,706,310 N/A 9

7/10/2009 Transfer of debt to New GM 7,072,488,605 $ N/A 9

7/10/2009 Debt left at Old GM 985,805,085 $ N/A 9 Motors Liq

Company 

1/16/2009 Purchase Chrysler FinCo Debt Obligation w/ Additional Note $ Par 1,500,000,000 13 

1/2/2009 Purchase Chrysler Holding Debt Obligation w/ Additional Note $ Par 6/10/2009 4,000,000,000 Transfer of debt to New Chrysler $ N/A 500,000,000 19 Chrysler H

4/29/2009 Purchase Chrysler Holding Debt Obligation w/ Additional Note $ - - 14

4/29/2009 Purchase Chrysler Holding Debt Obligation w/ Additional Note $ Par 280,130,642 15 

5/1/2009 Purchase Chrysler LLC Debt Obligation w/ Additional Note $ 1,888,153,580 16

5/20/2009 Purchase Chrysler LLC Debt Obligation w/ Additional Note $ - - 175/27/2009 Purchase Chrysler Group LLC Debt Obligation w/ Additional Note, Equity $ N/A 6,642,000,000 18 6/10/2009 Issuance of equity in New Chrysler $ N/A - Chrysler G

LLC 

Chrysler G

LLC 

Chrylser Auburn Hills, MI

Chrysler 

FinCo

Farmington 

Hills, MI

LLC

$ 81,344,932,551 

"Old GM" refers to General Motors Corporation, which is now known as Motors Liquidation Company."New GM" refers to General Motors Company, the company that purchased Old GM's assets on 7/10/2009 in a sale pursuant to section 363 of the Bankruptcy Code. See also footnote 11."Chrysler FinCo" refers to Chrysler Financial Services Americas LLC."Chrysler Holding" refers to CGI Holding LLC, the company formerly known as "Chrysler Holding LLC".

Total Initial Investment Amount 

As used in this table and its footnotes:"GMAC" refers to GMAC Inc., formerly known as GMAC LLC.
"Old Chrysler" refers to Chrysler LLC.

"New Chrysler" refers to Chrysler Group LLC, the company that purchased Old Chrysler's assets on 6/10/2009 in a sale pursuant to section 363 of the Bankruptcy Code.5. This transaction was a further amendment to the Old GM Loan, which brought the total loan amount to $19,400,000,000.6. This transaction was a further amendment to the Old GM Loan, which brought the total loan amount to $19,760,624,198. The $360,624,198 loan was used to capitalize GM Warranty LLC, a special purpose vehicle created by . On 7/10/2009, the princip

7. On 7/10/2009, the principal amount outstanding under the Old GM Loan and interest accrued thereunder were extinguished and exchanged for privately placed preferred and common equity in New GM. (See green lines in the table above.)8. Under the terms of the $33.3 billion debtor-in-possession credit agreement dated 6/3/2009 with Old GM (the "GM DIP Loan"), Treasury's commitment amount was $30.1 billion. The remaining $2.2 billion of the financing was provided by Canadian gover

9. On 7/10/2009, Treasury and Old GM amended the GM DIP Loan, and the principal amount and interest accrued thereunder were extinguished and exchanged for privately placed preferred and common equity in New GM, except for (i) $7.07 billion, whic

transactions marked by green lines in table above) and (ii) $986 million, which remained a debt obligation of Old GM. 

10. In total, for the exchange of the Old GM Loan and the GM DIP Loan (other than as explained in footnote 9), Treasury received $2.1 billion in preferred shares and 60.8% of the common shares of New GM. (See transactions marked by green lines in the 

1. Payment amount does not include accrued and unpaid interest on a debt obligation, which must be paid at the time of principal repayment.2. Treasury committed to lend General Motors Corporation up to $1,000,000,000. The ultimate funding was dependent upon the level of investor participation in GMAC LLC's rights offering. The amount has been updated to reflect the final level of funding3. Pursuant to its rights under the loan agreement with Old GM reported on 12/29/2008, Treasury exchanged its $884 million loan to Old GM for a portion of Old GM’s common equity interest in GMAC. Treasury held a 35.4% common equity interest in GM

4. This transaction is an amendment to Treasury's 12/31/2008 agreement with Old GM (the "Old GM Loan"), which brought the total loan amount to $15,400,000,000.17. This transaction was an amendment to Treasury's commitment under the Chrysler DIP Loan, which increased Treasury's commitment by an amount $756,857,000 to a total of $3.8 billion under the Chrysler DIP Loan. As of 6/30/2009, Treasury's obliga

18. This transaction, first reported based on a term sheet fully executed on 5/27/2009 for an amount up to $6.943 billion, was set forth in a credit agreement with New Chrysler fully executed on 6/10/2009. Under the terms of the credit agreement, Treasury m

6/10/2009 from Chrysler Holding originally incurred under Treasury's 1/2/2009 credit agreement with Chrysler Holding. The debt obligations are secured by a first priority lien on the assets of New Chrysler. When the sale to new Chrysler was completed, Tre19. Pursuant to the agreement explained in footnote 18, $500 million of this debt obligation was assumed by New Chrysler. 20. Under the terms of an agreement dated 7/23/2009, Treasury agreed to hold the outstanding loans of Chrysler Holding in forbearance, and Chrysler Holding agreed to pay the greater of $1.375 billion or 40% of the equity value of Chrysler FinCo in the ev

21. Amount of the Treasury investment after exchange includes the exercised warrants from Treasury's initial investment. 22. Under the terms of an agreement dated 12/30/2009, the convertible preferred shares will mandatorily convert to common stock under the conditions and the conversion price as set forth in the terms of the agreement. 

11. Pursuant to a corporate reorganization completed on or about 10/19/2009, the shareholders of New GM, including with respect to Treasury's preferred and common stock, became shareholders of General Motors Holding Company (the ultimate parent c

was converted to "General Motors LLC". General Motors LLC is a wholly owned subsidiary of General Motors Holdings LLC, and General Motors Holdings LLC is a wholly owned subsidiary of General Motors Company.12. Pursuant to a corporate reorganization completed on 10/19/2009, Treasury's loan with New GM was assigned and assumed by General Motors Holdings LLC.13. The loan was funded through Chrysler LB Receivables Trust, a special purpose vehicle created by Chrysler FinCo. The amount of $1,500,000,000 represents the maximum loan amount. The loan was incrementally funded until it reached the maximum 14. This transaction was an amendment to Treasury's 1/2/2009 agreement with Chrysler Holding. As of 4/30/2009, Treasury's obligation to lend any funds committed under this amendment had terminated. No funds were disbursed.15. The loan was used to capitalize Chrysler Warranty SPV LLC, a special purpose vehicle created by Old Chrysler. 16. This transaction was set forth in a credit agreement with Old Chrysler fully executed on 5/5/2009 following a term sheet executed on 5/1/2009 and made effective on 4/30/2009. Treasury's commitment was $3.04 billion of the total $4.1 billion debtor-in-p

terminated. The remaining principal amount reflects the final amount of funds disbursed under the Chrylser DIP Loan.

AUTOMOTIVE SUPPLIER SUPPORT PROGRAM

City State

Adjust

Amo

6

7/8/2009 3 $ (500,

7

$ 5,000,000,000 

1 4/9/2009 GM Supplier Receivables LLC Wilmington DE Purchase Debt Obligation w/ Additional Note

AUTOMOTIVE SUPPLIER SUPPORT PROGRAM

Footnote Date

Seller

Transaction Type

Investment 

Description 

Investment 

Amount Pricing Mechanism

Adju

$ N/A 3,500,000,000

7/8/2009 3 $ 

(1,000,

Name of Institution

Adjustment 

Date

1/ The loan was funded through GM Supplier Receivables, LLC, a special purpose vehicle created by General Motors Corporation. The amount of $3,500,000,000 represents the maximum loan amount. The loan will be incrementally funded. The credit agre

2/ The loan was funded through Chrysler Receivables SPV LLC, a special purpose vehicle created by Chrysler LLC. The amount of $1,500,000,000 represents the maximum loan amount. The loan will be incrementally funded. The credit agreement was fu3/ Treasury issued notice to the institution of the permanent reduced commitment on 7/8/2009; the reduction was effective on 7/1/2009.4/ Does not include accrued and unpaid interest due on the amount of principal repayment, which interest must be paid at the time of principal repayment.5/ All outstanding principal drawn under the credit agreement was repaid.

Debt Obligation w/ Additional Note $ N/A 1,500,000,000

INITIAL TOTAL ADJUSTED TOTAL 413,076,735 $ Total Repayments 413,

$ 

2 4/9/2009 Chrysler Receivables SPV LLC Wilmington DE Purchase

6/ Treasury's commitment was $2.5 billion (see note 3). As of 4/5/2009, Treasury's commitment to lend under the credit agreement had terminated and the borrower has paid its obligations with respect to the Additional Note. The final investment amount re7/ Treasury's commitment was $1 billion (see note 3). As of 4/7/2009, Treasury's commitment to lend under the credit agreement had terminated and the borrower has paid its obligations with respect to the Additional Note. The final investment amount ref
Date Name of Institution City State

Capital 

Repayment Date

Capital Repayment 

Amount

Remaining 

Capital Amount

Remaining Capital 

Description Final Disposition Date 3

Di

De

1 12/31/2008 Citigroup Inc. New York NY Purchase

Trust Preferred Securities w/ Warrants $ 20,000,000,000 Par 12/23/2009 2 $ 20,000,000,000 0 $ Warrants

1/16/2009

Bank of America Corporation Charlotte NC Purchase

Preferred Stock w/ Warrants $ 20,000,000,000 Par 12/9/2009

2

 $ 20,000,000,000 $ 0 Warrants 3/3/2010 A W

TOTAL $ 40,000,000,000 $ 40,000,000,000 

$ 0

Date Name of Institution City State

1 1/16/2009 Citigroup Inc. New York NY Guarantee Master Agreement $ 5,000,000,000 

Preferred Stock 

w/ Warrants 2 6/9/2009

Exchange preferred stock for trust preferred securities

Trust Preferred Securities w/ Warrants 

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

TOTAL $ 0

3/ For final disposition of warrants, "R" represents proceeds from a repurchase of warrants by the financial institution, and "A" represents the proceeds to Treasury, before underwriting fees and selling expenses, from a sale by Treasury in a registered public offering of the warrants issue

TARGETED INVESTMENT PROGRAM

Footnote

Seller

Transaction 

Type Investment Description Investment Amount

Pricing 

Mechanism

Capital Repayment Details

Treasury Investment Remaining After Capital 

Repayment Final Di

AMOUNT Total Warrant Procee

TOTAL TREASURY TIP INVESTMENT AMOUNT

1/ Treasury made three separate investments in Citigroup Inc. ("Citigroup") under CPP, TIP, and AGP for a total of $49 billion. On 6/9/2009, Treasury entered into an agreement with Citigroup to exchange all of Treasury’s investments. On 7/30/2009, Treasury exchanged all of its Fixed R

Stock, Series I (TIP Shares) “dollar for dollar” for Trust Preferred Securities.2/ Repayment pursuant to Title VII, Section 7001 of the American Recovery and Reinvestment Act of 2009.

Footnote Date Type Description

ASSET GUARANTEE PROGRAM

Footnote

Initial Investment Premium Exchange/Transfer/Other Details 

Seller

Type Description Guarantee Limit

2/ Treasury made three separate investments in Citigroup Inc. ("Citigroup") under CPP, TIP, and AGP for a total of $49 billion. On 6/9/2009, Treasury entered into an agreement with Citigroup to exchange all of Treasury’s investments. On 7/30/2009, Treasury exchanged all of its Fixed R

Preferred Securities. 3/ On 12/23/2009, Treasury entered into a Termination Agreement with the other parties to the Master Agreement which served to terminate Treasury’s guarantee and obligations under the Master Agreement. In connection with the early termination of the guarantee, Treasury agreed to 

subject to the conditions set out in the Termination Agreement, the FDIC may transfer $800 million of Trust Preferred Securities to Treasury at the close of Citigroup’s participation in the FDIC’s Temporary Liquidity Guarantee Program.

 $ 4,034,000,000 $ 4,0

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

A

Description Amount 
Name of Institution City State

1 3/3/2009 TALF LLC Wilmington DE Purchase Debt Obligation w/ Additional Note $ 20,000,000,000 N/A

TOTAL $ 20,000,000,000

Seller 

Name of Institution City State 

Transaction 

Type Investment Description Investment Amount Pricing Mech

11/25/2008 AIG New York NY Purchase Preferred Stock w/ Warrants 40,000,000,000 $ Par 

3 4/17/2009 AIG New York NY Purchase Preferred Stock w/ Warrants 29,835,000,000 $ Par 

TOTAL $ 69,835,000,000

CONSUMER AND BUSINESS LENDING INITIATIVE INVESTMENT PROGRAM

Footnote Date

Seller Transaction 

Type Investment Description Investment Amount Pricing Mech

1/ On 4/17/2009, Treasury exchanged its Series D Fixed Rate Cumulative Preferred Shares for Series E Fixed Rate Non-Cumulative Preferred Shares with no change to Treasury's initial investment amount. In additionthe cumulative unpaid dividends for the Series D Preferred Shares due to Treasury through and including the exchange date.

1/ The loan was funded through TALF LLC, a special purpose vehicle created by The Federal Reserve Bank of New York. The amount of $20,000,000,000 represents the maximum loan amount. The loan will be increm

funded.

AMERICAN INTERNATIONAL GROUP, INC. (AIG) INVESTMENT PROGRAM

(formerly referred to as Systemically Significant Failing Institutions)

Footnote Date 

Purchase Details 

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

2/ The investment price reflects Treasury's commitment to invest up to $30 billion less a reduction of $165 million representing retention payments AIG Financial Products made to its employees in March 2009.

3/ This transaction does not include AIG's commitment fee of an additional $165 million scheduled to be paid from its operating income in three equal installments over the five-year life of the facility.
Name of Institution City State Date Amount

Repayme

Date

1/11/201

1 9/30/2009 Invesco Legacy Securities Master Fund, L.P. Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par 3/22/2010

6

$ 1,244,437,500

2/18/201

4/15/201

1 10/1/2009 Wellington Management Legacy Securities PPIF Master Fund, LP Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par 3/22/2010

6

$ 1,262,037,500

2 10/1/2009 Wellington Management Legacy Securities PPIF Master Fund, LP Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par 3/22/2010

6

$ 2,524,075,000

1 10/2/2009 AllianceBernstein Legacy Securities Master Fund, L.P. Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par 3/22/2010

6

$ 1,244,437,500

2 10/2/2009 AllianceBernstein Legacy Securities Master Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par 3/22/2010

6

$ 2,488,875,000

1 10/2/2009 Blackrock PPIF, L.P. Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par 3/22/2010

6

$ 1,244,437,500

2 10/2/2009 Blackrock PPIF, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par 3/22/2010

6

$ 2,488,875,000

6

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

(Revised as of March 24, 2010)

Footnote Date

Seller

Transaction 

Type Investment Description Investment Amount

Pricing 

Mechanism

Adjusted Investment 3 Capital 

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

4 156,250,000 $ 1/15/201

2 9/30/2009 UST/TCW Senior Mortgage Securities Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds

$ Par 1/4/2010 1,111,111,111

2 9/30/2009 Invesco Legacy Securities Master Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds

$ Par 1/4/2010 2,222,222,222

4

$ 200,000,000

1/12/201

$ Par 3/22/2010 2,222,222,222

6

$ 2,488,875,000

1 10/30/2009 AG GECC PPIF Master Fund, L.P. Wilmington DE Purchase Membership Interest $ Pa 1,111,111,111 r 3/22/2010 1,271,337,500 $ 

2 10/30/2009 AG GECC PPIF Master Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par 3/22/2010

6

$ 2,542,675,000

1 11/4/2009 RLJ Western Asset Public/Private Master Fund, L.P. Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par 3/22/2010

6

$ 1,244,437,500

2 11/4/2009 RLJ Western Asset Public/Private Master Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par 3/22/2010

6

$ 2,488,875,000

1 11/25/2009 Marathon Legacy Securities Public-Private Investment Partnership, L.P. Wilmington DE Purchase Membership Interest 1,111,1 $ Pa 11,111 r 3/22/2010

6

$ 1,244,437,500

2 11/25/2009 Marathon Legacy Securities Public-Private Investment Partnership, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par 3/22/2010

6

$ 2,488,875,000

1 12/18/2009 Oaktree PPIP Fund, L.P. Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par 3/22/2010

6

$ 1,244,437,500

2 12/18/2009 Oaktree PPIP Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par 3/22/2010

6

$ 2,488,875,000

TOTAL INVESTMENT AMOUNT $ 30,356,250,000 

6/ Following termination of the TCW fund, the $3.33 billion of obligations have been reallocated to the remaining eight funds pursuant to consent letters from Treasury dated as of 3/22/2010. $133 million of maximum equity capital obligation and $267 million of maximum d

private investors in the TCW fund to the Wellington fund and the AG GECC fund, respectively. The $356 million of final investment in the TCW fund will remain a part of Treasury's total maximum S-PPIP investment amount.

1/ The equity amount may be incrementally funded. Investment amount represents Treasury's maximum obligation if the limited partners other than Treasury fund their maximum equity capital obligations.2/ The loan may be incrementally funded. Investment amount represents Treasury's maximum obligation if Treasury and the limited partners other than Treasury fund 100% of their maximum equity obligations.3/ Adjusted to show Treasury's maximum obligations to a fund.4/ On 1/4/2010, Treasury and the fund manager entered into a Winding-Up and Liquidation Agreement. The adjusted amount shows Treasury's final investments in the fund. (See note 6.)5/ Profit after capital repayments will be paid pro rata (subject to prior distribution of Contingent Proceeds to Treasury) to the fund's partners, including Treasury, in respect of their membership interests.

TOTAL CAPITAL REPA
Servicer Modifying Borrowers' Loans

Name of Institution City State 

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

4/13/2009 CitiMortgage, Inc. O'Fallon MO Purchase Financial Instrument for Home Loan Modifications $ 2,071,000,000 N/A 

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

HOME AFFORDABLE MODIFICATION PROGRAM

Date 

Transaction 

Type Investment Description 

Cap of Incentive Payments 

on Behalf of Borrowers and 

to Servicers & 

Lenders/Investors (Cap) 1

Prici

Mecha

4/13/2009 GMAC Mortgage, Inc. Ft. Washington PA Purchase Financial Instrument for Home Loan Modifications $ 633,000,000 N/A 4/13/2009 Saxon Mortgage Services, Inc. Irving TX Purchase Financial Instrument for Home Loan Modifications $ 407,000,000 N/A 

4/13/2009 Chase Home Finance, LLC Iselin NJ Purchase Financial Instrument for Home Loan Modifications $ 3,552,000,000 N/A 4/16/2009 Ocwen Financial Corporation, Inc. West Palm Beach FL Purchase Financial Instrument for Home Loan Modifications $ 659,000,000 N/A 

4/17/2009 as 

amended on Bank of America, N.A. Simi Valley CA Purchase Financial Instrument for Home Loan Modifications $ 798,900,000 N/A 
Servicer Modifying Borrowers' Loans

Name of Institution City State 

Date 

Transaction 

Type Investment Description 

Cap of Incentive Payments 

on Behalf of Borrowers and 

to Servicers & 

Lenders/Investors (Cap) 1

Prici

Mecha

4/17/2009 as 

amended on Countrywide Home Loans Servicing LP Simi Valley CA Purchase Financial Instrument for Home Loan Modifications $ 1,864,000,000 N/A 

4/20/2009 Home Loan Services, Inc. Pittsburgh PA Purchase Financial Instrument for Home Loan Modifications $ 319,000,000 N/A 

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

4/24/2009 Green Tree Servicing LLC Saint Paul MN Purchase Financial Instrument for Home Loan Modifications 156,000,000 $ N/A 

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

5/1/2009 Aurora Loan Services, LLC Littleton CO Purchase Financial Instrument for Home Loan Modifications 798,000,000 $ N/A 

5/28/2009 Nationstar Mortgage LLC Lewisville TX Purchase Financial Instrument for Home Loan Modifications 101,000,000 $ N/A 

6/12/2009 Residential Credit Solutions Fort Worth TX Purchase Financial Instrument for Home Loan Modifications 19,400,000 $ N/A 
Servicer Modifying Borrowers' Loans

Name of Institution City State 

Date 

Transaction 

Type Investment Description 

Cap of Incentive Payments 

on Behalf of Borrowers and 

to Servicers & 

Lenders/Investors (Cap) 1

Prici

Mecha

6/17/2009 CCO Mortgage Glen Allen VA Purchase Financial Instrument for Home Loan Modifications 16,520,000 $ N/A 

6/17/2009 RG Mortgage Corporation San Juan PR Purchase Financial Instrument for Home Loan Modifications 57,000,000 $ N/A 

6/19/2009 First Federal Savings and Loan Port Angeles WA Purchase Financial Instrument for Home Loan Modifications 770,000 $ N/A 6/19/2009 Wescom Central Credit Union Anaheim CA Purchase Financial Instrument for Home Loan Modifications 540,000 $ N/A 6/26/2009 Citizens First Wholesale Mortgage Company The Villages FL Purchase Financial Instrument for Home Loan Modifications 30,000 $ N/A 

6/26/2009 Technology Credit Union San Jose CA Purchase Financial Instrument for Home Loan Modifications 70,000 $ N/A 6/26/2009 National City Bank Miamisburg OH Purchase Financial Instrument for Home Loan Modifications 294,980,000 $ N/A 

7/1/2009 Wachovia Mortgage, FSB Des Moines IA Purchase Financial Instrument for Home Loan Modifications 634,010,000 $ N/A 7/1/2009 Bayview Loan Servicing, LLC Coral Gables FL Purchase Financial Instrument for Home Loan Modifications 44,260,000 $ N/A 

7/10/2009 Lake National Bank Mentor OH Purchase Financial Instrument for Home Loan Modifications 100,000 $ N/A 

7/10/2009 IBM Southeast Employees' Federal Credit Union Delray Beach FL Purchase Financial Instrument for Home Loan Modifications 87 $ N/A 0,000 

7/17/2009 MorEquity, Inc. Evansville IN Purchase Financial Instrument for Home Loan Modifications 23,480,000 $ N/A 
Servicer Modifying Borrowers' Loans

Name of Institution City State 

Date 

Transaction 

Type Investment Description 

Cap of Incentive Payments 

on Behalf of Borrowers and 

to Servicers & 

Lenders/Investors (Cap) 1

Prici

Mecha

7/17/2009 PNC Bank, National Association Pittsburgh PA Purchase Financial Instrument for Home Loan Modifications 54,470,000 $ N/A 

7/17/2009 Farmers State Bank West Salem OH Purchase Financial Instrument for Home Loan Modifications 170,000 $ N/A 7/17/2009 ShoreBank Chicago IL Purchase Financial Instrument for Home Loan Modifications 1,410,000 $ N/A 7/22/2009 American Home Mortgage Servicing, Inc Coppell TX Purchase Financial Instrument for Home Loan Modifications 1,272,490,000 $ N/A 

7/22/2009 Mortgage Center, LLC Southfield MI Purchase Financial Instrument for Home Loan Modifications 4,210,000 $ N/A 

7/22/2009 Mission Federal Credit Union San Diego CA Purchase Financial Instrument for Home Loan Modifications 860,000 $ N/A 7/29/2009 First Bank St. Louis MO Purchase Financial Instrument for Home Loan Modifications 6,460,000 $ N/A 7/29/2009 Purdue Employees Federal Credit Union West Lafayette IN Purchase Financial Instrument for Home Loan Modifications 1,090,000 $ N/A 7/29/2009 Wachovia Bank, N.A. Charlotte NC Purchase Financial Instrument for Home Loan Modifications 85,020,000 $ N/A 7/31/2009 J.P.Morgan Chase Bank, NA Lewisville TX Purchase Financial Instrument for Home Loan Modifications 2,699,720,000 $ N/A 

7/31/2009 EMC Mortgage Corporation Lewisville TX Purchase Financial Instrument for Home Loan Modifications 707,380,000 $ N/A 

8/5/2009 Lake City Bank Warsaw IN Purchase Financial Instrument for Home Loan Modifications 420,000 $ N/A 
Servicer Modifying Borrowers' Loans

Name of Institution City State 

Date 

Transaction 

Type Investment Description 

Cap of Incentive Payments 

on Behalf of Borrowers and 

to Servicers & 

Lenders/Investors (Cap) 1

Prici

Mecha

8/5/2009 Oakland Municipal Credit Union Oakland CA Purchase Financial Instrument for Home Loan Modifications 140,000 $ N/A 

8/5/2009 HomEq Servicing North Highlands CA Purchase Financial Instrument for Home Loan Modifications 674,000,000 $ N/A 

8/12/2009 Litton Loan Servicing LP Houston TX Purchase Financial Instrument for Home Loan Modifications 774,900,000 $ N/A 

8/12/2009 PennyMac Loan Services, LLC Calasbasa CA Purchase Financial Instrument for Home Loan Modifications 6,210,000 $ N/A 

8/12/2009 Servis One, Inc. Titusville PA Purchase Financial Instrument for Home Loan Modifications 29,730,000 $ N/A 

8/28/2009 OneWest Bank Pasadena CA Purchase Financial Instrument for Home Loan Modifications 668,440,000 $ N/A 

8/28/2009 Stanford Federal Credit Union Palo Alto CA Purchase Financial Instrument for Home Loan Modifications 300,000 $ N/A 8/28/2009 RoundPoint Mortgage Servicing Corporation Charlotte NC Purchase Financial Instrument for Home Loan Modifications 570,000 $ N/A 

9/2/2009 Horicon Bank Horicon WI Purchase Financial Instrument for Home Loan Modifications 560,000 $ N/A 

9/2/2009 Vantium Capital, Inc. Plano TX Purchase Financial Instrument for Home Loan Modifications 6,000,000 $ N/A 

9/9/2009 Central Florida Educators Federal Credit Union Lake Mary FL Purchase Financial Instrument for Home Loan Modifications 1,250, $ N/A 000 
Servicer Modifying Borrowers' Loans

Name of Institution City State 

Date 

Transaction 

Type Investment Description 

Cap of Incentive Payments 

on Behalf of Borrowers and 

to Servicers & 

Lenders/Investors (Cap) 1

Prici

Mecha

9/9/2009 U.S. Bank National Association Owensboro KY Purchase Financial Instrument for Home Loan Modifications 114,220,000 $ N/A 

9/9/2009 CUC Mortgage Corporation Albany NY Purchase Financial Instrument for Home Loan Modifications 4,350,000 $ N/A 

9/11/2009 ORNL Federal Credit Union Oak Ridge TN Purchase Financial Instrument for Home Loan Modifications 2,070,000 $ N/A 

9/11/2009 Allstate Mortgage Loans & Investments, Inc. Ocala FL Purchase Financial Instrument for Home Loan Modifications 250,000 $ N/A 

9/11/2009 Metropolitan National Bank Little Rock AR Purchase Financial Instrument for Home Loan Modifications 280,000 $ N/A 

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

9/16/2009 Bay Federal Credit Union Capitola CA Purchase Financial Instrument for Home Loan Modifications 410,000 $ N/A 

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

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

9/23/2009 Glass City Federal Credit Union Maumee OH Purchase Financial Instrument for Home Loan Modifications 230,000 $ N/A 

9/23/2009 Central Jersey Federal Credit Union Woodbridge NJ Purchase Financial Instrument for Home Loan Modifications 30,000 $ N/A 

9/23/2009 Yadkin Valley Bank Elkin NC Purchase Financial Instrument for Home Loan Modifications 240,000 $ N/A 
Servicer Modifying Borrowers' Loans

Name of Institution City State 

Date 

Transaction 

Type Investment Description 

Cap of Incentive Payments 

on Behalf of Borrowers and 

to Servicers & 

Lenders/Investors (Cap) 1

Prici

Mecha

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

10/14/2009 Great Lakes Credit Union North Chicago IL Purchase Financial Instrument for Home Loan Modifications 570,000 $ N/A 10/14/2009 Mortgage Clearing Corporation Tulsa OK Purchase Financial Instrument for Home Loan Modifications 4,860,000 $ N/A 10/21/2009 United Bank Mortgage Corporation Grand Rapids MI Purchase Financial Instrument for Home Loan Modifications 410,000 $ N/A 

10/23/2009 Bank United Miami Lakes FL Purchase Financial Instrument for Home Loan Modifications 93,660,000 $ N/A 10/23/2009 IC Federal Credit Union Fitchburg MA Purchase Financial Instrument for Home Loan Modifications 760,000 $ N/A 

10/28/2009 Harleysville National Bank & Trust Company Harleysville PA Purchase Financial Instrument for Home Loan Modifications 1,070,000 $ N/A 

10/28/2009 Members Mortgage Company, Inc Woburn MA Purchase Financial Instrument for Home Loan Modifications 510,000 $ N/A 10/30/2009 DuPage Credit Union Naperville IL Purchase Financial Instrument for Home Loan Modifications 70,000 $ N/A 

11/6/2009 Los Alamos National Bank Los Alamos NM Purchase Financial Instrument for Home Loan Modifications 700,000 $ N/A 

11/18/2009 Quantum Servicing Corporation Tampa FL Purchase Financial Instrument for Home Loan Modifications 18,960,000 $ N/A 11/18/2009 Hillsdale County National Bank Hillsdale MI Purchase Financial Instrument for Home Loan Modifications 1,670,000 $ N/A 

11/18/2009 QLending, Inc. Coral Gables FL Purchase Financial Instrument for Home Loan Modifications 20,000 $ N/A 11/25/2009 Marix Servicing, LLC Phoenix AZ Purchase Financial Instrument for Home Loan Modifications 20,360,000 $ N/A 11/25/2009 Home Financing Center, Inc Coral Gables FL Purchase Financial Instrument for Home Loan Modifications 230,000 $ N/A 11/25/2009 First Keystone Bank Media PA Purchase Financial Instrument for Home Loan Modifications 1,280,000 $ N/A 

12/4/2009 Community Bank & Trust Company Clarks Summit PA Purchase Financial Instrument for Home Loan Modifications 380,000 $ N/A 12/4/2009 Idaho Housing and Finance Association Boise ID Purchase Financial Instrument for Home Loan Modifications 9,430,000 $ N/A 
Servicer Modifying Borrowers' Loans

Name of Institution City State 

Date 

Transaction 

Type Investment Description 

Cap of Incentive Payments 

on Behalf of Borrowers and 

to Servicers & 

Lenders/Investors (Cap) 1

Prici

Mecha

12/9/2009 Spirit of Alaska Federal Credit Union Fairbanks AK Purchase Financial Instrument for Home Loan Modifications 360,000 $ N/A 12/9/2009 American Eagle Federal Credit Union East Hartford CT Purchase Financial Instrument for Home Loan Modifications 1,590,000 $ N/A 12/9/2009 Silver State Schools Credit Union Las Vegas NV Purchase Financial Instrument for Home Loan Modifications 1,880,000 $ N/A 12/9/2009 Fidelity Homestead Savings Bank New Orleans LA Purchase Financial Instrument for Home Loan Modifications 2,940,000 $ N/A 12/9/2009 Bay Gulf Credit Union Tampa FL Purchase Financial Instrument for Home Loan Modifications 230,000 $ N/A 12/9/2009 The Golden 1 Credit Union Sacramento CA Purchase Financial Instrument for Home Loan Modifications 6,160,000 $ N/A 12/9/2009 Sterling Savings Bank Spokane WA Purchase Financial Instrument for Home Loan Modifications 2,250,000 $ N/A 

12/11/2009 HomeStar Bank & Financial Services Manteno IL Purchase Financial Instrument for Home Loan Modifications 310,000 $ N/A 

12/11/2009 Glenview State Bank Glenview IL Purchase Financial Instrument for Home Loan Modifications 370,000 $ N/A 12/11/2009 Verity Credit Union Seattle WA Purchase Financial Instrument for Home Loan Modifications 600,000 $ N/A 12/11/2009 Hartford Savings Bank Hartford WI Purchase Financial Instrument for Home Loan Modifications 630,000 $ N/A 12/11/2009 The Bryn Mawr Trust Co. Bryn Mawr PA Purchase Financial Instrument for Home Loan Modifications 150,000 $ N/A 12/16/2009 Citizens 1st National Bank Spring Valley IL Purchase Financial Instrument for Home Loan Modifications 620,000 $ N/A 12/16/2009 Golden Plains Credit Union Garden City KS Purchase Financial Instrument for Home Loan Modifications 170,000 $ N/A 12/16/2009 First Federal Savings and Loan Association of Lakewood Lakewood OH Purchase Financial Instrument for Home Loan Modifications 3,460,000 $ N/A 

12/16/2009 Sound Community Bank Seattle WA Purchase Financial Instrument for Home Loan Modifications 440,000 $ N/A 12/16/2009 Horizon Bank, NA Michigan City IN Purchase Financial Instrument for Home Loan Modifications 700,000 $ N/A 12/16/2009 Park View Federal Savings Bank Solon OH Purchase Financial Instrument for Home Loan Modifications 760,000 $ N/A 
Servicer Modifying Borrowers' Loans

Name of Institution City State 

Date 

Transaction 

Type Investment Description 

Cap of Incentive Payments 

on Behalf of Borrowers and 

to Servicers & 

Lenders/Investors (Cap) 1

Prici

Mecha

12/23/2009 Iberiabank Sarasota FL Purchase Financial Instrument for Home Loan Modifications 4,230,000 $ N/A 

12/23/2009 Grafton Suburban Credit Union North Grafton MA Purchase Financial Instrument for Home Loan Modifications 340,000 $ N/A 12/23/2009 Eaton National Bank & Trust Company Eaton OH Purchase Financial Instrument for Home Loan Modifications 60,000 $ N/A 12/23/2009 Tempe Schools Credit Union Tempe AZ Purchase Financial Instrument for Home Loan Modifications 110,000 $ N/A 

1/13/2010 Fresno County Federal Credit Union Fresno CA Purchase Financial Instrument for Home Loan Modifications 260,000 $ N/A 

1/13/2010 Roebling Bank Roebling NJ Purchase Financial Instrument for Home Loan Modifications 240,000 $ N/A 

1/13/2010 First National Bank of Grant Park Grant Park IL Purchase Financial Instrument for Home Loan Modifications 140,000 $ N/A 

1/13/2010 Specialized Loan Servicing, LLC Highlands Ranch CO Purchase Financial Instrument for Home Loan Modifications 64,150,000 $ N/A 1/13/2010 Greater Nevada Mortgage Services Carson City NV Purchase Financial Instrument for Home Loan Modifications 770,000 $ N/A 

1/15/2010 Digital Federal Credit Union Marlborough MA Purchase Financial Instrument for Home Loan Modifications 3,050,000 $ N/A 

1/29/2010 iServe Residential Lending, LLC San Diego CA Purchase Financial Instrument for Home Loan Modifications 960,000 $ N/A 

1/29/2010 United Bank Griffin GA Purchase Financial Instrument for Home Loan Modifications 540,000 $ N/A 

3/3/2010 Urban Trust Bank Lake Mary FL Purchase Financial Instrument for Home Loan Modifications 1,060,000 $ N/A3/5/2010 iServe Servicing, Inc. Irving TX Purchase Financial Instrument for Home Loan Modifications 28,040,000 $ N/A

3/10/2010 Navy Federal Credit Union Vienna VA Purchase Financial Instrument for Home Loan Modifications 60,780,000 $ N/A3/10/2010 Vist Financial Corp Wyomissing PA Purchase Financial Instrument for Home Loan Modifications 300,000 $ N/A4/14/2010 Midwest Bank and Trust Co. Elmwood Park IL Purchase Financial Instrument for Home Loan Modifications 300,000 $ N/A4/14/2010 Wealthbridge Mortgage Corp Beaverton OR Purchase Financial Instrument for Home Loan Modifications 6,550,000 $ N/A

Total Initial Cap $ 23,761,980,000 

TOTAL CAP 

"HAFA" means the Home Affordable foreclosure Alternatives program."HPDP" means the Home Price Decline Protection program.

To

1/ The Cap of Incentive Payments represents the potential total amount allocated to each servicer and includes the maximum amount allotted for all payments on behalf of borrowers and payments to servicers 

The Cap is subject to adjustment based on the total amount allocated to the program and individual servicer usage for borrower modifications. Each adjustment to the Cap is reflected under Adjustment Details2/ On July 31, 2009, the SPA with Chase Home Finance, LLC was terminated and superseded by new SPAs with J.P. Morgan Chase Bank, NA and EMC Mortgage Corporation. 3/ Wachovia Mortgage, FSB was merged with Wells Fargo Bank, NA, and the remaining Adjusted Cap stated above represents the amount previously paid to Wachovia Mortgage, FSB prior to such merger. As used in this table:

HPDP means the Home Price Decline Protection program.

"2MP" means the Second Lien Modification Program.
Date

Purchase Face 

Amount 3 Pricing Mechanism 

Initial Investment 

Amount 2, 3

TBA or 

PMF3 Settlement Date

 Final Investment 

Amount 

Senior Secu

Proceeds 

3/19/2010 $ 4,070,000 107.75 4,377,249 $ - 3/24/2010 4,377,249 $ 2

$ 

3/19/2010 $ 7,617,617 109 8,279,156 $ - 3/24/2010 8,279,156 $ 4

$ 

3/19/2010 $ 8,030,000 108.875 8,716,265 $ - 3/24/2010 8,716,265 $ 4

$ 

4/8/2010 $ 25,000,000 110.375 27,671,656 $ Y 5/28/2010 27,671,656 $ 13

$ 

4/8/2010 $ 8,900,014 107.5 $ - 4/30/2010 9,598,523 9,598,523 $ 4

$ 

Total Purchase Face Amount $ 53,617,631 $ 58,642,849 * 

Investment Description

TBA or 

PMF3

SMALL BUSINESS AND COMMUNITY LENDING INITIATIVE

SBA 7a Securities Purchase Program

Purchase Details 1 Settlement Details 

Floating Rate SBA 7a security due 2025 -Floating Rate SBA 7a security due 2022 -Floating Rate SBA 7a security due 2022 -Floating Rate SBA 7a security due 2034 TBA*

5/ Disposition Amount is stated after giving effect, if applicable, to sale of accrued principal and interest.

Floating Rate SBA 7a security due 2016 -

 TOTAL INVESTMENT 

AMOUNT 

Tota

* Subject to adjustment

1/ The amortizing principal and interest payments are reported on the monthly Dividends and Interest Report available at www.FinancialStability.gov.

2/ Investment Amount is stated after giving effect to factor and, if applicable, the purchase of accrued principal and interest.3/ If a purchase is listed as TBA, or To-Be-Announced, the underlying loans in the SBA Pool have yet to come to market, and the TBA purchase face amount, initial investment amount, final investment amount and senior security pwithin the variance permitted under the program terms. If a purchase is listed as PMF, or Prior-Month-Factor, the trade was made prior to the applicable month's factor being published and the SBA 7a security and senior security a

prior-month's factor. The PMF final investment amount and senior security proceeds will be adjusted after publication of the applicable month's factor (on or about the 11th business day of each month).4/ In order to satisfy the requirements under Section 113 of the Emergency Economic Stabilization Act of 2008, Treasury will acquire a senior indebtedness instrument (a Senior Security) from the seller of each respective SBA 7a SSecurity will (i) have an aggregate principal amount equal to the product of (A) 0.05% and (B) the Final Investment Amount (excluding accrued interest) paid by Treasury for the respective SBA 7a Security, and (ii) at the option of thbe redeemed at par value immediately upon issuance, or remain outstanding with the terms and conditions as set forth in the Master Purchase Agreement.
Type of Expense/Liability Amount 

None

Note: Treasury interprets this reporting requirement as 

applicable to costs and liabilities related to insurance contracts 

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

and the single insurance contract with Citigroup was 

terminated on December 23, 2009.

U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending April 30, 2010
Type of Expense Amount

Compensation for financial agents 

and legal firms $223,745,362

For Period Ending April 30, 2010

U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

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

None

U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending April 30, 2010