Confidential Draft – For Discussion Purposes Only

December 10, 2009

Troubled Assets Relief Program 

Monthly 105(a) Report – November 2009

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

of the Emergency Economic Stabilization Act of 2008.
Monthly 105(a) Report November 2009

Treasury is pleased to present the monthly 105(a) report to Congress for November 2009. This 

report provides the latest developments on efforts to stabilize the financial system, current 

status of TARP investments, and background information on all TARP programs. 

Section Page

Key Developments 2 

Where is TARP Money Going? 3 

Program Updates 5 

Certification 17 

Appendix 1: Descriptions of TARP Programs 18 

 

How Treasury Exercises its Voting Rights 30 

Appendix 2: November Financial Statement 32 

This report contains summaries of TARP programs and investments. These summaries do not 

include all the material terms and conditions of such programs and investments. Please see 

more detailed information available at www.FinancialStability.gov. 

1 
Monthly 105(a) Report November 2009

Key Developments 

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

Economic Stabilization Act of 2008 or EESA. This law was adopted on October 3, 2008 in 

response to the severe financial crisis facing our country. To carry out its duties under the law, 

Treasury has developed a number of programs to stabilize our financial system and the housing 

market. The TARP programs are described in this report. These efforts, together with the 

American Recovery and Reinvestment Act, help lay the financial foundation for economic 

recovery. 

The following are some key developments that took place in November 2009 under Treasury’s 

TARP programs: 

• The U.S. Treasury received $1.89 billion in dividend and interest payments from all 

TARP Programs. Total dividends, interest and fee payments received since inception of 

TARP through November 2009 are approximately $12 billion. 

• 9 banks repaid $228.62 million of Treasury investments, bringing the total amount of 

CPP investments repaid to $71.03 billion. Also in November, General Motors agreed, 

subject to certain conditions, to begin quarterly repayments in December 2009 of its $6.7 

billion loan. It also repaid $140 million of the loan it received in connection with the Auto 

Supplier Support Program.

• Treasury announced it would conduct public offerings using a modified Dutch auction 

methodology to sell its warrant positions in Capital One Financial Corporation, JP 

Morgan Chase & Co., and TCF Financial Corporation. Treasury expects to conduct 

similar auctions in the future.1

• The cumulative total of trial modifications reached 697,026, and 7 new mortgage 

servicers signed up to participate in the Home Affordable Mortgage Modification 

Program (HAMP), bringing the total to 78. On November 30, Treasury announced a 

nationwide campaign to help borrowers who are in the HAMP trial modification phase to 

convert to permanent modifications. HAMP also issued implementing guidelines for the 

Home Affordable Foreclosure Alternatives Program (HAFA). 

• The Legacy Securities Public-Private Investment Program completed an initial closing 

with RLJ Western Asset Management, L.P. and Marathon Asset Management, L.P., 

partnering with Blaylock Robert Van L.L.C. 

• Treasury made new CPP investments in 7 small banks totaling $38.74 million. 

• Treasury closed the Capital Assistance Program. Of the 19 banks that participated in 

the Supervisory Capital Assistance Program, 18 demonstrated no need for additional 

capital or fulfilled their need in the private market. GMAC is the only financial institution 

that was not able to raise sufficient capital. GMAC and Treasury are discussing whether 

                                                           

1

 On December 3, 2009, Treasury conducted the auction of warrants in Capital One Financial Corporation 

in a registered public offering at a clearing price of $11.75 per warrant. 

2
Monthly 105(a) Report November 2009

Treasury would make an additional investment, which was contemplated in May and 

which would be funded under the Automotive Industry Financing Program. 

Where is TARP Money Going? 

EESA authorized $700 billion for TARP2

. Treasury has used this authority to make investments 

that are designed to restore confidence in the strength of our financial institutions, restart 

markets that are critical to financing American households and businesses, and address the 

housing market problems. 

Treasury has announced the following uses of TARP funds: 

• Approximately $550 billion has been planned for particular TARP programs, as shown in 

Figure 1. 

– Of that amount, approximately $476 billion has been committed to specific 

institutions under signed contracts. 

– Approximately $370 billion has been paid out by Treasury under those contracts. 

Figure 1 shows the planned TARP investments by program as of December 9, 2009. Please 

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

Figure 1: Planned TARP investments ($ billions) as of December 9, 2009 

                                                           

2 TARP funds for the Home Affordable Modification Program (HAMP) include $1.244 billion to offset costs 

of program changes for the “Helping Families Save Their Homes Act of 2009”, and $15 million for 

administrative expenditures relating to the Special Inspector General for the Troubled Asset Relief 

Program (SIGTARP). 

 

3
Monthly 105(a) Report November 2009

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

Secretary of the Treasury may extend the authority through October 3, 2010 upon satisfying 

certain conditions.3

 

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

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

commitments include amounts extended under the Obama Administration’s Financial Stability 

Plan. These include funds committed under the Making Home Affordable program, the 

investments in the Legacy Securities Public-Private Investment Program, and those under the 

other programs described in this report. 

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

– or committed for investment – and the amount disbursed or actually paid out. 

Figure 2: Funds committed and paid out under TARP through November 

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

as repayments, on Treasury’s website www.FinancialStability.gov. Specifically, taxpayers can 

look at investments within two business days of closing in our TARP Transaction Reports at 

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

On December 9, 2009, Treasury published annual financial statements audited under Federal 

financial reporting standards. The financial statements provide detailed information on the value 

of the TARP investments and will be available at www.FinancialStability.gov.

 

                                                           

3

 On December 9, 2009, the Secretary of the Treasury wrote to Congressional leaders outlining the 

Administration's extension and exit strategy for the TARP. The letter can be found at 

http://www.FinancialStability.gov/latest/pr_12092009.html. 

4
Monthly 105(a) Report November 2009

Program Updates 

Dividends and Interest Received 

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

Treasury receives dividend or interest payments on these investments from the institutions 

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

• In November, Treasury received $1.89 billion in dividend and interest payments from 

TARP investments. 

• Treasury has received a total of approximately $12 billion in dividends, interest and fees 

through November 30, 2009. 

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

by program through November 30, 2009. 

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

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

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

Most banks participating in the CPP pay Treasury a cumulative dividend rate of 5 percent per 

year for the first five years and 9 percent per year thereafter. S-corporation banks pay an 

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

Preferred shares (or stock) are a form of ownership in a company. Preferred shares are senior 

to common stock, but junior to debt. 

Treasury’s Dividends and Interest Reports for TARP programs are available at 

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

5
Monthly 105(a) Report November 2009

Capital Purchase Program

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

Under this program, Treasury invested in banks and other financial institutions to increase their 

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

in assets, and increasing lending. 

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

encouraging participation by small community banks that are qualified financial institutions 

(QFIs) under CPP terms. The last application deadline was November 21, 2009. Final closings 

may occur throughout December. 

During November, Treasury made new investments in 7 banks totaling $38.74 million, including 

6 small banks participating in the expansion of the CPP. Treasury received $1.2 billion in 

dividends and interest from CPP investments, $228.62 million in CPP repayments and $3.19 

million from CPP warrant repurchases. 

Figure 4: CPP Snapshot through November

CPP Investments 

Disbursements in November 2009: $38.74 million to 7 banks 

Total amount disbursed since October 2008: $204.715 billion 

CPP investments repaid since October 2008: $71.034 billion 

CPP Banks 

Number of institutions that have received CPP investment: 694

Number of institutions that have fully repaid CPP investment: 49

Number of institutions that have partially repaid CPP investment: 4 

Number of institutions currently participating in CPP: 645

CPP Facts 

Participation across the US: 

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

Largest Investment: $ 25 billion 

Smallest Investment: $ 301 thousand 

Details on the Capital Purchase Program are available at 

http://www.FinancialStability.gov/roadtostability/capitalpurchaseprogram.html.

6
Monthly 105(a) Report November 2009

Also during November, CIT Group Inc., in which Treasury invested $2.33 billion for preferred 

stock in December 2008, filed a pre-packaged bankruptcy plan, and the banking subsidiaries of 

UCBH Holdings, Inc. (UCBH), which received a $298.74 million investment in November 2008, 

and Pacific Coast National Bancorp, which received a $4.1 million investment in January 2009, 

were placed in receivership by their respective banking regulators. UCBH subsequently began 

bankruptcy proceedings. It is unlikely that Treasury will receive any significant recovery on 

these investments. 

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

distribution of CPP funds by size of investment as of November 30, 2009. These charts include 

all 694 banks that have received funds, including those that have repaid the investment. The 

CPP investment amount is determined by the size of the bank. The CPP investments are no 

less than one percent and no greater than three percent (five percent for small banks) of the 

recipient’s risk-weighted assets. 

Figures 5 & 6: Number of CPP banks, and funds disbursed, by investment amount 

through November 

Treasury receives dividend or interest payments on its CPP investments. 49 of the banks that 

received investments under CPP have repaid Treasury in full. When a bank repays, it is 

typically also required to pay any accrued and unpaid dividends or interest. Treasury continues 

to work with federal banking regulators to evaluate requests from CPP participants interested in 

repaying Treasury. 

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

development banks, for example, were not required to issue warrants. When a publicly traded 

bank repays Treasury for a preferred stock investment, the bank has the right to repurchase its 

warrants. The warrants do not trade on any market and do not have observable market prices. 

If the bank wishes to repurchase its warrants, an independent valuation process is used to 

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

entitled to sell them. 

On November 19, 2009, Treasury announced it would conduct public offerings registered under 

the Securities Act of 1933 to sell its warrant positions in Capital One Financial Corporation, JP 

Morgan Chase & Co., and TCF Financial Corporation. Each of these banks has fully 

7
Monthly 105(a) Report November 2009

repurchased Treasury’s preferred stock investment. The warrants will be sold through singleround, sealed bid, uniform price auctions, known as modified Dutch auctions. In this format, 

qualified bidders may submit one or more independent bids at different price-quantity 

combinations and the warrants will be sold at a uniform price that clears the market. Treasury 

will set a minimum reserve price for each auction. Treasury expects to conduct similar auctions 

in the future. 

Privately held banks that received CPP funds issued Treasury a warrant for additional shares of 

preferred stock, which Treasury immediately exercised. Any proceeds from the repurchases of 

shares acquired from a warrant are included as cash received from sales of warrants in the 

chart below. 

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

warrant proceeds under the CPP through November 2009. 

Figure 7: Cash received under the CPP through November 

Bank Lending and Intermediation Surveys

Capital Purchase Program – Lending Survey Activity 

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

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

are intended to help the public easily assess the lending and intermediation activities of 

participating banks. 

Monthly Lending and Intermediation Snapshots 

This monthly report gathers and provides data on the lending and other intermediation activities 

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

November 15, 2009, Treasury released the results of its tenth survey of banks’ activities, 

including the following information on September lending: 

• The overall outstanding loan balance (of all respondents) fell one percent from August to 

September at the top 22 participants in the Capital Purchase Program (CPP), due mainly 

to decreased demand from borrowers, and seasonal patterns. 

8
Monthly 105(a) Report November 2009

• Total origination of new loans at the 22 surveyed institutions increased two percent from 

August to September. In September, the 22 surveyed institutions originated 

approximately $239 billion in new loans. Total originations of loans by all respondents 

rose in four categories (commercial and industrial (C & I) renewals and new 

commitments and commercial real estate (CRE) renewals and new commitments) and 

fell in four loan categories (mortgages, home equity lines of credit (HELOCs), credit 

cards, and other consumer lending products). 

CPP Monthly Lending Report 

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

lending for all CPP participants. The chart in Figure 8 summarizes total loan activity among 

CPP participants. 

Figure 8: CPP Monthly Lending Report 

Date Number of 

Respondents

Total Average 

Consumer Loans

Total Average 

Commercial Loans

Total Average 

Total Loans

2/28/2009 519 $2,898,031 $2,380,692 $5,278,723

3/31/2009 553 $2,885,662 $2,359,017 $5,244,679

4/30/2009 541 $2,852,651 $2,329,537 $5,182,189

5/31/2009 612 $2,843,528 $2,346,621 $5,190,149

6/30/2009 604 $2,812,225 $2,429,931 $5,242,156

7/31/2009 609 $2,803,414 $2,339,348 $5,142,762

8/31/2009 649 $2,789,399 $2,328,308 $5,117,708

8/31/2009 (Adjusted) 644 $2,787,639 $2,324,882 $5,112,522

9/30/2009 646 $2,794,701 $2,284,412 $5,079,113

9/30/2009 (Adjusted) 644 $2,794,588 $2,283,715 $5,078,304

Change (August Adjusted to Sept Adjusted) 0.25% -1.80% -0.67%

All CPP Recipients

Details on the Bank Lending Surveys are available at 

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

The Quarterly Capital Purchase Program Report 

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

Government may have affected financial institutions and their activities, an interagency group 

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

of representatives from Treasury, the Federal Deposit Insurance Corporation, the Federal 

Reserve Board, the Office of the Comptroller of the Currency, and the Office of Thrift 

Supervision. This interagency group has produced a summary of key statistics on lending, 

funding, and capital levels of institutions receiving TARP capital. The banks are grouped into 

CPP participants and non-CPP participants for the analysis. 

The second Quarterly CPP Report, featuring Q2 2009 data, was released on November 30, 

2009, Treasury expanded the report to include additional information on repayment of debt. 

Details on the Quarterly Capital Purchase Program Reports are available at 

http://www.FinancialStability.gov/impact/CPPreport.html.

9
Monthly 105(a) Report November 2009

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

S-PPIP is designed, in part, to support market functioning and facilitate price discovery in the 

commercial and non-agency residential mortgage-backed securities markets, helping banks and 

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

businesses. Of the nine firms that Treasury announced in July 2009 had pre-qualified to 

participate as fund managers, eight have completed initial closings and begun operations of SPPIP funds (PPIFs). Treasury has committed a maximum of $1.11 billion of equity capital 

together with $2.22 billion of debt financing to each PPIF. Following the initial closing, each 

PPIF has up to six months to raise additional private capital. Treasury expects the final initial 

closing to occur in December and that total Treasury equity and debt investment in all PPIFs will 

equal approximately $30 billion. 

As of November 30, 2009, eight PPIFs have completed initial and subsequent closings on 

approximately $5.07 billion of private sector equity capital, which has been matched 100 percent 

by Treasury, representing of $10.13 billion of total equity capital. Treasury has also provided 

$10.13 billion of debt capital, representing $20.26 billion of total purchasing power. 

Fund managers for the PPIFs have established relationships with small, minority-, and womenowned businesses. Partner firms have roles including: involvement in managing the investment 

portfolio and cash management services, raising capital from private investors, providing trading 

related-services, identifying investment opportunities, and providing investment and market 

research and other advisory services to the PPIFs. 

Treasury expects to publish its first public report on S-PPIP activities in early 2010. 

Details on the Legacy Securities Public-Private Investment Program are available at 

http://www.FinancialStability.gov/roadtostability/publicprivatefund.html. 

Small Business 

As part of a new initiative announced on October 21, 2009 by the Obama Administration, 

Treasury is considering several programs to provide lower-cost TARP capital to boost small 

business lending. 

One program may be directed at small banks with less than $1 billion of assets. Participants 

would be required to submit a plan that demonstrates how the additional capital will increase 

their small business lending efforts. Eligible banks may receive new capital at an initial dividend 

rate of 3% compared to the 5% dividend available under the CPP. Also under consideration is 

the treatment of existing CPP participants that wish to replace existing capital with investments 

under the new program. A similar program would be directed at Community Development 

Financial Institutions. 

On November 18, Treasury and the Small Business Administration convened the Small 

Business Financing Forum with community small banks, small business leaders, and 

economists to discuss support for small business lending. Information concerning the 

conference as well as a link to “Report to the President: Small Business Financing Forum” can 

be found at http://www.FinancialStability.gov/roadtostability/smallbusinesscommunity.html. 

10
Monthly 105(a) Report November 2009

Treasury has also continued development of a program to purchase in the secondary market 

securities backed by 7(a) loans guaranteed by the Small Business Administration. 

Term Asset-Backed Securities Loan Facility 

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

New York makes loans to buyers of asset-backed securities in order to stimulate consumer and 

business lending by the issuers of those securities. Treasury uses TARP funds to provide credit 

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

backed by new or recently originated auto loans, student loans, credit card loans, equipment 

loans, floorplan loans, insurance premium loans, loans guaranteed by the Small Business 

Administration, residential mortgage servicing advances, or commercial mortgage loans, 

including legacy loans. The markets for ABS are an important source of credit for consumers 

and businesses. These markets essentially stopped functioning during the financial crisis. The 

purpose of TALF is to help restart these markets and help consumers and businesses obtain 

credit. 

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

ABS subscriptions as of November 30, 2009. A total of $96 billion of TALF-eligible new ABS 

issuance has been brought to market. Of that amount, approximately 50% of total new 

issuance, or $48 billion, was financed using TALF loans. 

Figure 9 shows the increase in issuance of consumer ABS since the launch of TALF in March 

2009. 

Figure 9: Total Consumer ABS Issuance through November 

Source: Markets Room, U.S. Treasury Department (11/27/09) 

Details on TALF are available at 

http://www.FinancialStability.gov/roadtostability/lendinginitiative.html.

11
Monthly 105(a) Report November 2009

The Office of the Special Master for TARP (Executive Compensation) 

In October, the Special Master for TARP Executive Compensation Kenneth R. Feinberg 

released determinations on the compensation packages for the top executives at firms that 

received exceptional TARP assistance. Under EESA (as amended in 2009) and Treasury’s 

Interim Final Rule on Executive Compensation, the Office of the Special Master has a mandate 

to review all forms of compensation for the five most senior executive officers and the next 20 

most highly compensated employees, as well as compensation structures for the next 75 most 

highly compensated employees, at the seven firms that received exceptional TARP assistance 

(AIG, Citigroup, Bank of America, Chrysler, GM, GMAC and Chrysler Financial). 

The Office of the Special Master is currently reviewing the compensation structures (but not 

individual payments of total compensation) of each of these companies’ next 75 most highly 

compensated employees. The Office of the Special Master declared the seven companies’ 

proposals for these covered employees “substantially complete” on October 30, 2009. The 

Office of the Special Master will issue determinations regarding the compensation structures on 

or before December 29, 2009. 

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

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

http://www.FinancialStability.gov/latest/tg_102220009e.html. 

Home Affordable Modification Program 

The Home Affordable Modification Program (HAMP), part of Making Home Affordable (MHA), a 

comprehensive program to stabilize the U.S. housing market, was first announced by the 

Obama Administration in February 2009 as part of its Financial Stability Plan. 

Using TARP funds, Treasury provides incentives for mortgage servicers, borrowers and 

investors to modify loans that are delinquent or at imminent risk of default to an affordable 

monthly payment equal to no more than 31 percent of a borrower’s gross monthly income. 

Borrowers must be owner occupants, demonstrate the ability to support the reduced payment 

during a three-month trial and submit required documentation before the modification becomes 

permanent. 

Participating servicers must enter into the Servicer Participation Agreements with Treasury on 

or before December 31, 2009.4

 From April through November 2009, 78 servicers have 

executed Servicer Participation Agreements and more than $27 billion (of a total potential 

allocation from TARP funds of $50 billion) has been committed to implement the program. 

Servicers for loans that are owned or securitized by Fannie Mae or Freddie Mac (the “GSEs” or 

“government sponsored enterprises”) are automatically eligible to participate in the related 

GSE’s HAMP for their portfolio of GSE loans. The incentives for these GSE HAMP 

modifications are not funded from TARP funds, but by the related GSEs from their own funds. 

                                                           

4 Due to the extension of TARP, servicers will be able to enter into the Servicer Participation Agreements 

with Treasury through October 3, 2010. 

12
Monthly 105(a) Report November 2009

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

or before December 31, 2012. Modifications will continue for five years from starting date of 

modification, and borrower incentive payments will continue to be paid over that period provided 

that the borrower stays current. 

In early October, HAMP achieved its previously announced target of more than 500,000 trial 

modifications underway and more than 850,000 trial modification offers extended – a month 

ahead of schedule. By month-end November, more than 697,026 trial modifications had started 

and more than 1,032,837 trial modification offers were extended. 

Throughout November, Treasury continued to work together with the support of state, local and 

community stakeholders and to implement steps to improve the overall effectiveness and 

efficiency of HAMP, including:

• Roll-out of streamlined documentation processes, including a simplified borrower 

financial information section and notifications to borrowers, and accepting electronic 

signatures for loan modification documentation for all GSE and non-GSE-loans. 

• Enhanced availability of Spanish translations for HAMP information and document 

summaries, and other web tools for borrowers. 

• A nationwide “Mortgage Modification Conversion Drive”, to help borrowers who are in 

the trial modification phase convert to permanent modifications. The program includes 

monitoring of servicers’ efforts by Treasury and Fannie Mae staff onsite at select 

servicers’ plans and daily loan-level conversion reporting through the month of 

December. 

Additional announced components of HAMP include: 

• The Home Price Decline Protection (HPDP), which provides additional incentive 

payments for modifications on properties located in areas where home prices have 

declined. 

• The Second Lien Modification Program (2MP) which will provide incentives for secondlien holders to modify or extinguish a second-lien mortgage when a modification as been 

initiated on the first lien mortgage for the same property under HAMP. 

• The Home Affordable Foreclosure Alternatives Program (HAFA), which will provide 

financial incentives to borrowers, servicers, and investors who utilize a short-sale or 

deed-in-lieu (DIL) to avoid foreclosure on a HAMP-eligible loan. 

In particular, the HAFA program was rolled out on November 30 and is designed to simplify and 

streamline the use of short-sale and DIL options with the following features: 

• Complements HAMP by providing viable alternatives for borrowers who are HAMP 

eligible. 

• Utilizes borrower financial and hardship information collected in conjunction with HAMP, 

eliminating the need for additional eligibility analysis. 

• Allows the borrower to receive pre-approved short sale terms prior to the property listing. 

13
Monthly 105(a) Report November 2009

• Prohibits the servicer from requiring, as a condition of approving the short sale, a 

reduction in the real estate commission agreed upon in the listing agreement. 

• Requires that borrowers be fully released from future liability for the debt. 

To ensure transparency and servicer accountability, servicer-specific results are publicly 

reported on a monthly basis. The MHA Monthly Servicer Performance Report for November will 

be available on December 10th at http://www.FinancialStability.gov/latest/reportsanddocs.html. 

With respect to compliance, Treasury has, among other steps, directed Freddie Mac, in its role 

as compliance agent for HAMP to review a sample of loans that may be or have been eligible 

for HAMP modification as a "second look" process designed to minimize the likelihood that 

borrower applications are overlooked or that applicants are inadvertently denied a modification. 

The second look program also examines servicer non-performing loan (NPL) portfolios to 

identify eligible borrowers who may have been eligible for a HAMP modification but were not 

offered a modification. Following these reviews, Treasury will receive performance 

assessments of each servicer's program compliance as prepared by Freddie Mac, and intends 

to implement remedies for non-compliance, where appropriate. These remedies may include 

withholding or reducing incentive payments to servicers, requiring repayments of prior incentive 

payments made to servicers with respect to affected loans, or requiring additional servicer 

oversight. 

Details on the Home Affordable Modification Program are available at 

http://www.FinancialStability.gov/roadtostability/homeowner.html. More information on the 

Making Home Affordable programs is available on the website 

http://www.makinghomeaffordable.gov.

Below in Figures 10, 11, 12 and 13 are the HAMP Snapshot through November, HAMP 

Participating Servicers, HAMP Active Trial and Permanent Modifications, and HAMP Trial Plans 

Extended to Borrowers. 

 

14
Monthly 105(a) Report November 2009

Figure 10: Home Affordable Modification Program (HAMP) Snapshot through 

November 2009 

Number of Requests for Financial Information 

Sent to Borrowers (Cumulative) 1 

3,137,548 

Number of Trial Period Plan Offers Extended to 

Borrowers (Cumulative) 1 

1,032,837 

All HAMP Trials Started Since Program 

Inception2 

759,058 

All Active Modifications (Trial and Permanent) 728,408 

Number of Active Trial Modifications2 697,026 

Number of Permanent Modifications3 31,382 

1 Source: Survey data provided by servicers. November data is through Nov. 26. 

2 As reported by the HAMP system of record. 

3 Active permanent modifications as reported by servicers into the HAMP system of record. Includes 16,261 permanent 

modifications receiving incentive payments to servicers in November.

Figure 11: HAMP Participating Servicers 

• Approximately 85% of eligible mortgage debt outstanding is covered by HAMP 

participating servicers. 

• 78 servicers have signed servicer participation agreements to modify loans under 

HAMP. These participants service loans owned or guaranteed by Fannie Mae or 

Freddie Mac, loans held in portfolio, or loans serviced on behalf of other 

investors. 

• Approximately 2,300 lenders service loans owned or guaranteed by Fannie Mae 

or Freddie Mac. These servicers are automatically eligible to participate in 

HAMP. 

• The Administration has launched a month-long conversion campaign to ensure 

that servicers increase focus on the hundreds of thousands of borrowers eligible 

to move from the trial to the permanent modification phase at the end of 

December.

 

15
Monthly 105(a) Report November 2009

16

Figure 12: HAMP Active Trial and Permanent Modifications (Cumulative, by Month) 

Figure 13: HAMP Trial Plans Extended to Borrowers (Cumulative, by Month) 

Source: Active trial and permanent modifications as of November 30; based on numbers reported by servicers to the HAMP system of 

record. 

Figure 13: HAMP Trial Plans Offered to Borrowers (Cumulative, by Month) 

Source: Survey data provided by servicers. September data includes October 1. October data is 10/2 through 10/29. November data is 

through Nov. 26. 

Monthly 105(a) Report November 2009

Appendix 1 Page

Description of TARP Programs: 

 Capital Purchase Program 19 

 SCAP and CAP 20 

 Targeted Investment Program 20-21 

 AIG Investment 20-21 

 Asset Guarantee Program 21 

Automotive Industry Finance Program 22 

 Consumer and Business Lending Initiative 

 (TALF & Small Business) 25 

 Legacy Securities Public-Private Investment Program 26 

 Making Home Affordable 27 

 Office of the Special Master 

(Executive Compensation) 28 

How Treasury Exercises its Voting Rights 30 

Appendix 2 Page

November Financial Statement 32 

    18 
Monthly 105(a) Report November 2009

Capital Purchase Program 

What is the CPP? 

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

financial system by providing capital to viable banks of all sizes throughout the nation. 

With a strengthened capital base, banks have an increased capacity to lend to U.S. 

businesses and consumers and to support the U.S. economy. 

• Although many banks were fundamentally sound, because of the capital restraints 

caused by the troubled market conditions, they were hesitant to lend. The level of 

confidence between banks and other financial institutions was also low, so they were 

unwilling to lend to each other. 

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

effectively and efficiently. 

How does the CPP work? 

• Through the CPP, Treasury invests in banks to increase their capital and to enable them 

to continue lending to businesses and consumers and otherwise serve their customers. 

• Treasury purchases senior preferred shares and other interests from qualifying U.S.-

controlled banks, savings associations, and other financial institutions. Treasury also 

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

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

in assets, and increasing lending. 

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

of five percent per year for the first five years following Treasury’s investment and at a 

rate of nine percent per year thereafter. S-corporation banks pay an interest rate of 7.7 

percent per year for the first five years and 13.8 percent thereafter. Preferred shares (or 

stock) are a form of ownership in a company. 

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

as amended by the American Recovery and Reinvestment Act. Treasury also has the 

right to sell the securities. The repayment price is equal to what Treasury paid for the 

shares, plus any unpaid dividends or interest. 

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

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

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

an independent valuation process is used to establish fair market value. If an institution 

chooses not to repurchase the warrants, Treasury is entitled to sell the warrants. In 

November and December 2009, Treasury began public offerings registered with the 

Securities and Exchange Commission for the sale of warrants using a modified Dutch 

auction methodology. 

    19 
Monthly 105(a) Report November 2009

Supervisory Capital Assessment Program (SCAP) and Capital 

Assistance Program (CAP) 

What are SCAP and CAP? 

• The Supervisory Capital Assessment Program and Capital Assistance Program were 

important components of the Financial Stability Plan to help ensure that banks have a 

sufficient capital cushion in a more adverse economic scenario. SCAP was a 

comprehensive capital assessment exercise, or “stress test”, for the largest 19 U.S. bank 

holding companies and a complement to the CAP. 

• On November 9, 2009, Treasury announced the closure of the Capital Assistance 

Program. Of the 19 banks that participated in the SCAP, 18 demonstrated no need for 

additional capital or fulfilled their need in the private market. GMAC is the only financial 

institution that was not able to raise sufficient capital. GMAC and Treasury are 

discussing whether Treasury would make an additional investment, which was 

contemplated in May and which would be funded under the Automotive Industry 

Financing Program. 

How did SCAP and CAP work? 

• Federal banking supervisors conducted forward-looking assessments to provide the 

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

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

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

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

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

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

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

could request additional capital from the government through the CAP. Financial 

institutions had to submit a detailed capital plan to supervisors, who consulted with 

Treasury on the development and evaluation of the plan. Any bank needing to augment 

its capital buffer at the conclusion of the SCAP was required to develop a detailed capital 

plan by June 8, 2009, and had until November 2009 to implement that capital plan. 

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

institutions had an opportunity to turn first to private sources of capital, but were also 

eligible to receive government capital via investment available immediately through the 

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

primary federal regulator to receive capital under the CAP. 

Targeted Investment Program and AIG Investment

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

order to stabilize institutions that were considered systemically significant to prevent broader 

disruption of financial markets. Treasury has provided this assistance by purchasing preferred 

shares in the institutions. As part of those transactions Treasury has also received warrants to 

purchase common shares in the institutions. As of November 30, 2009, assistance under these 

programs had been provided to: 

    20 
Monthly 105(a) Report November 2009

Targeted Investment Program (TIP) 

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

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

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

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

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

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

shares were exchanged for trust preferred securities. 

American International Group (AIG) 

• In November 2008, Treasury purchased $40 billion in preferred stock from AIG. In April 

2009, it also created an equity capital facility, under which AIG may draw up to $29.8 

billion as needed in exchange for issuing additional preferred stock to Treasury. As of 

November 30, 2009, AIG has drawn $5.34 billion from the facility. The preferred stock 

pays a non-cumulative dividend of ten percent per year. 

• The Federal Reserve Bank of New York (FRBNY) also provided loans to AIG. In 

connection with such loans, the FRBNY received convertible preferred shares 

representing approximately 79.8% of the current voting power of the AIG common 

shares. These preferred shares were deposited in a trust, created by the FRBNY. The 

U.S. Treasury (i.e., the general fund) is the beneficiary of this trust. 

Asset Guarantee Program 

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

institutions, by helping them absorb unexpectedly large losses on certain assets. The program 

was designed for financial institutions whose failure could harm the financial system and has 

been used in conjunction with other forms of exceptional assistance. 

How does AGP work? 

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

federal regulators and Treasury, and then Treasury applies certain credit tests and asset 

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

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

stock, warrants, or other form approved by Treasury. 

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

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

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

guidelines that the institution must follow with respect to the guaranteed pool. 

    21 
Monthly 105(a) Report November 2009

Who Has Received Assistance Under AGP? 

Citigroup

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

pool of loans, mortgage-backed securities, and other financial assets held by Citigroup. 

The Federal Reserve and the FDIC are also parties to this arrangement. In 

consideration for the guarantee, Treasury received $4.03 billion in preferred securities 

that pay a dividend of eight percent per annum. Treasury also received a warrant to 

purchase approximately 66 million shares of common stock at a strike price of $10.61 

per share. 

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

received under the AGP program for an equivalent amount of trust preferred securities 

paying interest at the same rate. 

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

has absorbed $39.5 billion of losses on the covered pool. Treasury would then cover 90 

percent of all losses on the covered pool, up to a maximum of $5 billion.

• On November 17, 2009, Citigroup and the U.S. Federal parties reached agreement 

upon, and finalized, the precise assets constituting the covered pool. 

Bank of America

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

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

consisting of securities backed by residential and commercial real estate loans and 

corporate debt and derivative transactions that reference such securities, loans and 

associated hedges. 

 

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

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

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

were to be shared ninety percent by the Federal Reserve and ten percent by Bank of 

America. 

• On September 21, 2009, negotiations were terminated with Bank of America concerning 

the asset guarantee arrangement announced in January 2009. In connection with that 

termination and in recognition of the benefits provided by entering into the term sheet for 

such arrangement, Bank of America paid the U.S. government $425 million. Planned 

TARP commitments for the Asset Guarantee Program decreased from $12.5 billion to $5 

billion. 

Automotive Industry Financing Program 

What is the AIFP? 

• The Automotive Industry Financing Program (AIFP) was developed in December 2008 to 

prevent a significant disruption of the U.S. automotive industry, because the potential for 

    22 
Monthly 105(a) Report November 2009

such a disruption posed a systemic risk to financial market stability and would have had 

a negative effect on the economy. AIFP loans have helped to enable General Motors 

and Chrysler to become more viable auto manufacturing companies. 

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

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

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

How does the AIFP work? 

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

General Motors, GMAC, Chrysler, and Chrysler Financial. 

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

develop plans to achieve long-term viability. In cooperation with the Administration, GM 

and Chrysler eventually developed satisfactory viability plans and successfully 

conducted in bankruptcy proceedings sales of their assets to new entities: Chrysler’s 

sale process was completed in 42 days and GM’s was completed in 40 days. Treasury 

provided additional assistance during the respective periods. 

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

other things, they must adhere to rigorous executive compensation standards and other 

measures to protect the taxpayer’s interests, including limits on the institution’s 

expenditures and other corporate governance requirements. 

See below to learn how AIFP has helped each participating company.

Chrysler

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

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

the business plan submitted by Chrysler failed to demonstrate viability and announced 

that in order for Chrysler to receive additional taxpayer funds, it needed to find a partner 

with whom it could establish a successful alliance. Chrysler made the determination that 

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

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

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

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

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

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

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

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

Chrysler also assumed $500 million of Chrysler Holding’s initial loans from Treasury. 

When the sale to New Chrysler was completed, Treasury acquired the rights to 9.9% of 

the common equity in New Chrysler. 

• The original loans to Chrysler Holding, less $500 million of debt that was assumed by 

New Chrysler, remain outstanding and are in default. In July 2009, Chrysler Holding 

agreed to pay the greater of $1.375 billion or 40% of the equity value of Chrysler 

Financial to Treasury should Chrysler Holding receive certain distributions from Chrysler 

    23 
Monthly 105(a) Report November 2009

Financial and Treasury agreed to certain forbearance with respect to Chrysler Holding’s 

loans. 

• Treasury currently owns 9.9% of the equity in New Chrysler, and was owed $5.1 billion 

of debt from New Chrysler. The original loans to Chrysler remain outstanding, but are 

reduced by $500 million of debt that was assumed by New Chrysler. Current equity 

ownership in New Chrysler is as follows: the Chrysler Voluntary Employee Benefit 

Association (VEBA) (67.7%), Fiat (20%), Treasury (9.9%) and the Government of 

Canada (2.5%). 

Chrysler Financial

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

special purpose vehicle (SPV) created by Chrysler Financial to enable the company to 

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

requirement, the Chrysler Financial SPV issued additional notes entitling Treasury to an 

amount equal to five percent of the maximum loan amount. Twenty percent of those 

notes vested upon the closing of the transaction, and additional notes were to vest on 

each anniversary of the transaction closing date. The loan was fully drawn by April 9, 

2009. On July 14, 2009, Chrysler Financial fully repaid the loan, including the vested 

additional notes and interest. 

General Motors

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

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

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

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

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

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

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

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

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

assets of the Old GM. 

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

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

Treasury continues to hold loans in the amount of $6.7 billion. The New GM currently 

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

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

unsecured bondholders (10%). 

• In November 2009, General Motors agreed, subject to certain conditions, to begin 

quarterly repayments in December 2009 of its $6.7 billion loan. 

GMAC

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

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

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

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

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

    24 
Monthly 105(a) Report November 2009

million under that commitment on January 16, 2009. In May 2009, regulators required 

GMAC to raise additional capital by November 2009 in connection with the SCAP. On 

May 21, 2009, Treasury purchased $7.5 billion more of convertible preferred shares from 

GMAC and received warrants that Treasury exercised at closing for an additional $375 

million in convertible preferred shares, which enabled GMAC to partially meet the SCAP 

requirements. Additional Treasury investments in GMAC were contemplated to enable 

GMAC to satisfy the SCAP requirements. 

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

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

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

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

common equity in GMAC, $7.875 million of which are convertible at the option of GMAC 

subject to certain conditions. 

Consumer and Business Lending Initiative (TALF and Small Business) 

What is the Term Asset-Backed Securities Loan Facility (TALF)? 

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

the Federal Reserve Bank of New York. The FRBNY provides term non-recourse loans 

collateralized by AAA-rated asset-backed securities (ABS) backed by new or recently 

originated auto loans, student loans, credit card loans, equipment loans, floor plan loans, 

insurance premium finance loans, residential mortgage servicing advances, or 

commercial mortgage loans, including legacy commercial mortgage loans, as well as 

collateralized by loans guaranteed by the Small Business Administration. Treasury 

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

Initiative. 

How does the TALF work? 

• On fixed days each month investors can request the FRBNY to make loans secured by 

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

plans to pledge as collateral meet Federal Reserve requirements, the investor will 

receive the requested funding. Most borrowers use the loan, together with their own 

funds, to purchase the ABS that serves as collateral for the TALF loans. 

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

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

purpose of purchasing and managing such assets. The SPV is funded, in part, by a $20 

billion subordinated loan commitment from Treasury. 

 

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

newly-issued ABS and legacy commercial mortgage backed securities (CMBS) through 

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

June 30, 2010. There were no further additions to the types of collateral eligible for the 

TALF. 

    25 
Monthly 105(a) Report November 2009

What is the Small Business and Community Lending Initiative? 

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

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

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

including several tax cuts under the American Recovery and Reinvestment Act and a 

temporary increase in the Small Business Administration (SBA) guarantee for certain 

types of loans. Treasury is developing of a program to purchase in the secondary 

market securities backed by 7(a) loans guaranteed by the Small Business 

Administration. 

Legacy Securities Public-Private Investment Program 

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

• The Legacy Securities Public-Private Investment Program is intended to address the 

problem of legacy real estate-related assets, support market functioning and facilitate 

price discovery in the market for non-agency mortgage-backed securities (MBS), 

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

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

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

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

way a stock or bond would be sold in financial markets. The term “legacy assets” 

generally refers to loans, asset-backed securities and other types of assets that were 

originated or issued before the financial markets for these types of assets deteriorated 

significantly in 2008. 

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

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

That program is still under development. 

• In the latter months of 2009, financial market conditions have improved, the prices of 

legacy securities have appreciated and the results of the Supervisory Capital 

Assessment Program enabled banks to raise substantial amounts of capital as a buffer 

against weaker than expected economic conditions, all of which have enabled Treasury 

to proceed with the PPIP program at a scale smaller than initially envisioned. 

How does the Legacy Securities PPIP work? 

• Treasury is partnering with selected fund managers to purchase commercial and nonagency residential MBS under the S-PPIP. 

• Treasury provides equity as well as debt financing to investment partnerships formed by 

the managers. Treasury will invest one-half of the total equity committed to the 

partnership; the remainder must be raised by the fund manager from private sector 

sources. Treasury also will make a loan to each investment partnership. The loan will 

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

• Treasury’s maximum equity obligation to a PPIF is expected to be $1.11 billion, and 

Treasury’s maximum debt financing obligation to a PPIF is expected to be $2.22 billion. 

    26 
Monthly 105(a) Report November 2009

• The equity investment, together with warrants received by Treasury, ensures that if 

these PPIFs perform well, the U.S. Treasury will benefit from the upside of the 

performance alongside private investors. 

• The S-PPIP is designed to help the financial system recover by enabling institutions that 

hold mortgage-backed securities to sell them, thereby freeing up their capital for other 

purposes. 

• Treasury carefully designed the S-PPIP terms to protect the interests of taxpayers. 

Fund managers may not acquire assets from or sell assets to their affiliates or any other 

PPIF fund manager or private investor that has committed at least ten percent of the 

aggregate private capital raised by such fund manager. Fund managers must submit 

regular monthly reports about assets purchased, assets disposed, asset values, and 

profits and losses. Due to the possibility of actual or potential conflicts of interest 

inherent in any market-based investment program, fund managers also must agree to 

abide by ethical standards and conflicts of interest and compliance rules and a process 

for ensuring adherence to these rules developed by Treasury. In developing these 

requirements, Treasury worked closely with, among others, the staff of the SIGTARP 

and the Federal Reserve. 

S-PPIP Fund Managers 

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

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

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

fund managers in the initial round of the program: 

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

Capital Management, LLC; 

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

o BlackRock, Inc.; 

o Invesco Ltd.; 

o Marathon Asset Management, L.P.; 

o Oaktree Capital Management, L.P.; 

o RLJ Western Asset Management, LP; 

o The TCW Group, Inc.; 

o Wellington Management Company, LLP. 

• In addition, these firms have committed to establishing partnerships with small, minority-, 

and women-owned businesses. 

Making Home Affordable 

What is the Home Affordable Modification Program? 

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

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

affordable levels. HAMP includes both GSE and non-GSE mortgages. GSE stands for 

    27 
Monthly 105(a) Report November 2009

“government sponsored enterprise,” and in this report refers to Fannie Mae and Freddie 

Mac. 

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

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

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

How does the HAMP work? 

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

mortgage servicers to have their monthly first lien mortgage payments adjusted to no 

more than 31 percent of monthly gross income. In other words, HAMP is primarily 

designed to enable responsible homeowners to stay in their homes by reducing 

mortgage payments to an affordable level. 

What are the HPDP, Second Lien Program and Home Affordable Foreclosure Alternatives 

Programs? 

• The Home Price Decline Protection (HPDP) program is a component of HAMP. HPDP 

provides additional incentive payments for modifications on properties located in areas 

where home prices have recently declined. The purpose of the program is to encourage 

additional lender participation and HAMP modifications in areas hardest hit by falling 

home prices and ensure that borrowers in those areas have the opportunity to stay in 

their homes, thereby minimizing foreclosures, which further depress home values. 

• The Second Lien Modification Program (2MP) will provide incentives for second-lien 

holders to modify or extinguish a second-lien mortgage when a modification has been 

initiated on the first lien mortgage for the same property under HAMP. 

• The Home Affordable Foreclosure Alternatives Program (HAFA), will provide financial 

incentives to borrowers, servicers, and investors who utilize a short-sale or deed-in-lieu 

(DIL) to avoid foreclosure on a HAMP-eligible loan. 

Office of the Special Master for TARP (Executive Compensation)

What is the scope of the Office of the Special Master? 

• In June 2009, Treasury published the Interim Final Rule (the “Rule”) on executive 

compensation, promulgated under the EESA as amended by the American Recovery 

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

TARP funding under certain programs, including CPP participants and recipients of 

exceptional assistance. The exceptional assistance recipients currently include the 

following firms: American International Group, Inc.; Bank of America Corporation; 

Citigroup, Inc.; General Motors Company; GMAC, Inc.; Chrysler Financial Services 

Americas L.L.C; and Chrysler Group L.L.C. 

    28 
Monthly 105(a) Report November 2009

Power to Review Executive Compensation 

In addition to establishing the Office of the Special Master, the Rule provided the Special Master 

with specific powers designed to ensure that executive pay at these firms is in line with longterm value creation and financial stability. These include: 

• Review of Payments: For recipients of exceptional assistance, the Special Master is 

required to review and approve compensation structures, including payments made 

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

paid employees. 

• Review of Structures: For each exceptional assistance recipient, the Special Master is 

required to review and approve compensation structures for all executive officers and 

the 100 most highly compensated employees. 

• Interpretation: The Special Master has interpretive authority over the executive 

compensation provisions of EESA and the Interim Final Rule. Accordingly, the Special 

Master will make all determinations as to the application of those provisions to particular 

facts. 

• Review of Prior Payments: The Special Master is required to review any bonuses, 

retention awards, and other compensation paid to employees of each TARP recipient 

prior to February 17, 2009, to determine whether the payments were contrary to the 

public interest. If the payment is determined to be contrary to the public interest, the 

Special Master will be responsible for negotiating for reimbursements of such payments. 

Initial Determinations 

On October 22, 2009, the Special Master for TARP Executive Compensation Kenneth R. 

Feinberg released determinations on the compensation packages for the top executives at firms 

that received exceptional assistance. The Office of the Special Master generally rejected the 

companies’ initial proposals for the top 25 executives and approved a modified set of 

compensation structures with the following features: 

• Cash salaries generally no greater than $500,000, with the remainder of compensation 

in equity. 

• Most equity compensation paid as vested “stock salary,” which executives must hold 

until 2011, after which it can be transferred in three equal, annual installments (subject to 

acceleration on the company’s repayment of TARP funds). 

• Annual incentives payable in “long-term restricted stock,” which requires three years of 

service, in amounts determined based on objective performance criteria. Actual 

payment of the restricted stock is subject to the company’s repayment of TARP funds (in 

25% installments). 

• $25,000 limit on perquisites and “other” compensation, absent special justification. 

• No further accruals or company contributions to executive pension and retirement 

programs. 

    29 
Monthly 105(a) Report November 2009

Luxury Policies and Certifications 

• All TARP recipients are required to adopt a luxury expenditure policy consistent with the 

requirements of the Rule, provide the policy to Treasury and post the policy on their 

Internet website, in each case, within 90 days following publication of the Rule (or, if 

later, 90 days following the closing date of the agreement between the TARP recipient 

and Treasury). These policies are generally required to address expenses including 

entertainment or other events, office and facility renovations, aviation or other 

transportation services. 

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

recipient provide certain certifications to Treasury with respect to compliance with the 

Rule. These certifications are due within 120 days of the completion of the TARP 

recipient’s fiscal year. 

How Treasury Exercises Its Voting Rights 

Treasury is a shareholder in the new General Motors, the new Chrysler, GMAC and Citigroup. 

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

financial interests in private firms. One such principle is that the United States government will 

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

government obtains ownership interests, it will vote only on key governance issues. These core 

principles also include Treasury's commitment to seek to dispose of its ownership interests as 

soon as practicable. Treasury will follow these principles in a manner consistent with the 

obligation to promote the liquidity and stability of the financial system. 

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

investment nor is any Treasury employee a director of any such company. Treasury’s 

investments have generally been in the form of non-voting securities or loans. For example, the 

preferred shares that Treasury holds in financial institutions under the Capital Purchase 

Program do not have voting rights except in certain limited circumstances, such as amendments 

to the charter of the company, or in the event dividends are not paid for several quarters, in 

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

 

Treasury has announced that it will follow the following principles in exercising its voting rights: 

Governance Principles for Citigroup 

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

• The election or removal of directors 

• Certain major corporate transactions such as mergers, sales of substantially all 

assets, and dissolution 

• Issuances of equity securities where shareholders are entitled to vote 

• Amendments to the charter or bylaws. 

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

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

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

    30 
Monthly 105(a) Report November 2009

    31 

Governance Principles for GM

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

provided that it will vote in favor of directors nominated by the GM Voluntary Employee Benefit 

Association (VEBA) or the government of Canada, each of which is also a shareholder. After 

the IPO, the following voting principles will apply: 

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

• The removal of directors 

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

nominated through a certain pre-designated process, and individuals nominated by 

VEBA 

• Certain major corporate transactions such as mergers, sales of substantially all 

assets, and dissolution 

• Amendments to the charter or bylaws 

• Matters in which Treasury’s vote is necessary for the stockholders to take action, in 

which case the shares will be voted in the same proportion (for, against or abstain) 

as all other shares of the company’s stock are voted. 

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

These principles are set forth in the GM Stockholders Agreement. 

Governance of AIG

In the case of AIG: 

• The U.S. Treasury is the beneficiary of a trust created by the Federal Reserve Bank of 

New York (FRBNY). That trust owns shares having 79.8% of the voting rights of the 

common stock. The FRBNY has appointed three independent trustees who have the 

power to vote the stock and dispose of the stock with prior approval of FRBNY and after 

consultation with Treasury. The trust agreement provides that the trustees cannot be 

employees of Treasury or the FRBNY. The trust exists for the benefit of the U.S. 

Treasury, and the Department of the Treasury does not control the trust and it cannot 

direct the trustees. 

• Treasury owns preferred stock which does not have voting rights except in certain 

limited circumstances (such as amendments to the charter) or in the event dividends are 

not paid for four quarters, in which case Treasury has the right to elect up to three 

directors to the board.
 

Appendix 2 – Financial Statement 

Attached as Appendix 2 is the financial statement required under Sections 105(a)(2) and (3) of 

EESA for the period ending November 30, 2009. 

32 
Budget

Object Class 

(BOC) Budget Object Class Title Obligations Expenditures

Pro

Obli

PERSONNEL SERVICES 1100 & 1200 PERSONNEL COMPENSATION & BENEFITS 18,760,041 $ 18,458,869 $ 

$ 

PERSONNEL SERVICES Total: 18,760,041 $ 18,458,869 $ 

$ 

2100 TRAVEL & TRANSPORTATION OF PERSONS 379,877 $ 333,039 $ 

$ 

2200 TRANSPORTATION OF THINGS 11,960 11,960 

 

2300 RENTS, COMMUNICATIONS, UTILITIES & MISC CHARGES 228,920 65,817 

 

2400 PRINTING & REPRODUCTION 395 395 

 

2500 OTHER SERVICES 63,414,172 45,729,155 

 

2600 SUPPLIES AND MATERIALS 273,073 273,073 

 

3100 EQUIPMENT 232,054 222,675 

 

3200 LAND & STRUCTURES - - 

 

4300 INTEREST & DIVIDENDS 8 8 

 

NON-PERSONNEL SERVICES Total: 64,540,459 $ 46,636,122 $ 

$ 

GRAND TOTAL: $83,300,500 65,094,991 8

$ 

United States Department of Treasury

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending 

November 30, 2009 

NON-PERSONNEL SERVICES

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

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending November 30, 2009

Date

Approved Type of 

or Renewed Transaction Vendor Purpose

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

10/11/2008 BPA EnnisKnupp Investment and Advisory Services

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

10/16/2008 BPA PricewaterhouseCoopers Internal Control Services

10/18/2008 BPA Ernst & Young Accounting Services

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

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

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

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

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

11/14/2008 IAA Securities and Exchange Commission Detailees

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

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

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

12/5/2008 Procurement Washington Post Vacancy Announcement

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

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

12/15/2008 IAA Office of Thrift Supervision Detailees

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

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

1/6/2009 IAA State Department Detailees

1/7/2009 Procurement Colonial Parking Parking 

1/9/2009 IAA Internal Revenue Service Detailees

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

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

2/2/2009 IAA Government Accountability Office Oversight

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

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

2/18/2009 Financial Agent Freddie Mac Homeownership Program

2/18/2009 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 g

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

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

3/23/2009 Procurement Heery International Inc. Architects

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

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

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

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

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

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

4/17/2009 Procurement Herman Miller Office Furniture 

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

4/21/2009 Financial Agent AllianceBernstein Asset Management Services

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

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

5/4/2009 IAA Federal Reserve Detailee

5/14/2009 Contract Phacil* FOIA Services

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

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

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

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

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

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

6/29/2009 IAA Department of Interior Website Testing

7/15/2009 Contract Judicial Watch Legal Advisory

7/17/2009 Contract Korn Ferry International Administrative Support

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

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

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

8/11/2009 IAA NASA Detailee

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

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

9/14/2009 Contract PricewaterhouseCoopers Asset Management Services

9/30/2009 Contract SNL Financial LC Administrative Services

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

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

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending November 30, 2009

Name Amount

Citigroup $5,000,000,000

The subsidy rate for this insurance contract is determined 

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

premiums shall be set at a level necessary to meet 

anticipated claims. To ensure that the guarantee remains 

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

provides for post-signing adjustments including additional 

Citigroup preferred stock, a reduction of the covered asset 

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

of the Master Agreement). Under this section of the 

agreement, the subsidy rate will be reassessed once the 

loan pools are finalized and details are provided to 

Treasury (minor changes in the composition of assets are 

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

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

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

risks of the assets in the loan pool exceed those estimated 

today and would not meet the requirements of EESA 

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

2 months.
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

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

10/28/2008 The Bank of New York Mellon Corporation New York NY Preferred Stock w/ Warrants 3,000,000,000 $ Par 6/17/200

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

10/28/2008 The Goldman Sachs Group, Inc. New York NY Preferred Stock w/ Warrants 10,000,000,000 $ Par 6/17/200

10/28/2008 JPMorgan Chase & Co. New York NY Preferred Stock w/ Warrants 25,000,000,000 $ Par 6/17/20010/28/2008 Morgan Stanley New York NY Preferred Stock w/ Warrants 10,000,000,000 $ Par 6/17/20010/28/2008 State Street Corporation Boston MA Preferred Stock w/ Warrants 2,000,000,000 $ Par 6/17/200

10/28/2008 Wells Fargo & Company San Francisco CA Preferred Stock w/ Warrants 25,000,000,000 $ Par 11/14/2008 Bank of Commerce Holdings Redding CA Preferred Stock w/ Warrants 17,000,000 $ Par 11/14/2008 1st FS Corporation Hendersonville NC Preferred Stock w/ Warrants 16, $ Par 369,000

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

U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

For Period Ending November 30, 2009

CAPITAL PURCHASE PROGRAM

Capital 

Repayment D

Footnote Purchase Date 

Seller Purchase Details Capita

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 6/17/200

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 5/27/200

11/14/2008 BB&T Corp. Winston-Salem NC Preferred Stock w/ Warrants 3, $ Par 6/17/200

133,640,000 

11/14/2008 Provident Bancshares Corp. Baltimore MD Preferred Stock w/ Warrants 151,500,000 $ Par 11/14/2008 Umpqua Holdings Corp. Portland OR Preferred Stock w/ Warrants 214,181,000 $ Par 11/14/2008 Comerica Inc. Dallas TX Preferred Stock w/ Warrants 2,250,000,000 $ Par 11/14/2008 Regions Financial Corp. Birmingham AL Preferred Stock w/ Warrants 3,500,000,000 $ Par 11/14/2008 Capital One Financial Corporation McLean VA Preferred Stock w/ Warrants 3,555,199,000 $ Par 6/17/20011/14/2008 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

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 6/17/200

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 5/27/200

11/21/2008 HF Financial Corp. Sioux Falls SD Preferred Stock w/ Warrants 25,000,000 $ Par 6/3/200

11/21/2008 Centerstate Banks of Florida Inc. Davenport FL Preferred Stock w/ Warrants 27,875,000 $ Par 9/30/200

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

p , , 

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

11/21/2008 First Community Bankshares Inc. Bluefield VA Preferred Stock w/ Warrants 41,500,000 $ Par 7/8/200

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

11/21/2008 Webster Financial Corporation Waterbury CT Preferred Stock w/ Warrants 400,000,000 $ Par 11/21/2008 Pacific Capital Bancorp Santa Barbara CA Preferred Stock w/ Warrants 180,634,000 $ Par 11/21/2008 Heritage Commerce Corp. San Jose CA Preferred Stock w/ Warrants 40,000,000 $ Par 11/21/2008 Ameris Bancorp Moultrie GA Preferred Stock w/ Warrants 52,000,000 $ Par 11/21/2008 Porter Bancorp Inc. Louisville KY Preferred Stock w/ Warrants 35, $ Par 000,000

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

 Pricing 

Mechanism

Capital 

Repayment D

Footnote Purchase Date 

Seller Purchase Details Capita

11/21/2008 Cascade Financial Corporation Everett WA Preferred Stock w/ Warrants 38,970,000 $ Par 11/21/2008 Columbia Banking System, Inc. Tacoma WA Preferred Stock w/ Warrants 76,898,000 $ Par 11/21/2008 Heritage Financial Corporation Olympia WA Preferred Stock w/ Warrants 24,000,000 $ Par 11/21/2008 First PacTrust Bancorp, Inc. Chula Vista CA Preferred Stock w/ Warrants 19,300,000 $ Par 11/21/2008 Severn Bancorp, Inc. Annapolis MD Preferred Stock w/ Warrants 23,393,000 $ Par 11/21/2008 Boston Private Financial Holdings, Inc. Boston MA Preferred Stock w/ Warrants 154,000,000 $ Par 11/21/2008 Associated Banc-Corp Green Bay WI Preferred Stock w/ Warrants 525,000,000 $ Par 11/21/2008 Trustmark Corporation Jackson MS Preferred Stock w/ Warrants 215,000,000 $ Par 11/21/2008 First Community Corporation Lexington SC Preferred Stock w/ Warrants 11,350,000 $ Par 11/21/2008 Taylor Capital Group Rosemont IL Preferred Stock w/ Warrants 104,823,000 $ Par 11/21/2008 Nara Bancorp, Inc. Los Angeles CA Preferred Stock w/ Warrants 67,000,000 $ Par 

12/5/2008 Midwest Banc Holdings, Inc. Melrose Park IL Preferred Stock w/ Warrants 84,784,000 $ Par 12/5/2008 MB Financial Inc. Chicago IL Preferred Stock w/ Warrants 196,000,000 $ Par 12/5/2008 First Midwest Bancorp, Inc. Itasca IL Preferred Stock w/ Warrants 193,000,000 $ Par 12/5/2008 United Community Banks, Inc. Blairsville GA Preferred Stock w/ Warrants $ Par 180,000,000

12/5/2008 Wesbanco Bank Inc. Wheeling WV Preferred Stock w/ Warrants 75,000,000 $ Par 9/9/200

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 9/16/200

12/5/2008 Iberiabank Corporation Lafayette LA Preferred Stock w/ Warrants 90,000,000 $ Par 3/31/200

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

12/5/2008 Sandy Spring Bancorp, Inc. Olney MD Preferred Stock w/ Warrants 83,094,000 $ Par 12/5/2008 Coastal Banking Company, Inc. Fernandina Beach FL Preferred Stock w/ Warrants 9,950,000 $ Par 

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

12/5/2008 Great Southern Bancorp Springfield MO Preferred Stock w/ Warrants 58,000,000 $ Par 12/5/2008 Cathay General Bancorp Los Angeles CA Preferred Stock w/ Warrants 258,000,000 $ Par 

12/5/2008 Southern Community Financial Corp. Winston-Salem NC Preferred Stock w/ Warrants 42,750,000 $ Par 

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 12/5/2008 Superior Bancorp Inc. Birmingham AL Preferred Stock w/ Warrants 69,000,000 $ Par 12/5/2008 Southwest Bancorp, Inc. Stillwater OK Preferred Stock w/ Warrants 70, $ Par 000,000

12 12/5/2008 Popular, Inc. San Juan PR 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 3/31/200

12/5/2008 Bank of North Carolina Thomasville NC Preferred Stock w/ Warrants 31, $ Par 260,000

12/5/2008 Central Bancorp, Inc. Somerville MA Preferred Stock w/ Warrants 10, $ Par 000,00012/5/2008 Southern Missouri Bancorp, Inc. Poplar Bluff MO Preferred Stock w/ Warrants 9,550,000 $ Par 

12/5/2008 State Bancorp, Inc. Jericho NY Preferred Stock w/ Warrants 36,842,000 $ Par 12/5/2008 TIB Financial Corp Naples FL Preferred Stock w/ Warrants 37,000,000 $ Par 12/5/2008 Unity Bancorp, Inc. Clinton NJ Preferred Stock w/ Warrants 20,649,000 $ Par 12/5/2008 Old Line Bancshares, Inc. Bowie MD Preferred Stock w/ Warrants 7,000,000 $ Par 7/15/200

12/5/2008 FPB Bancorp, Inc. Port St. Lucie FL Preferred Stock w/ Warrants 5,800,000 $ Par 12/5/2008 CVB Financial Corp Ontario CA Preferred Stock w/ Warrants 130,000,000 $ Par 

12/5/2008 Sterling Financial Corporation Spokane WA Preferred Stock w/ Warrants 303,000,000 $ Par 12/5/2008 Oak Valley Bancorp Oakdale CA Preferred Stock w/ Warrants 13,500,000 $ Par 

12/12/2008 Old National Bancorp Evansville IN Preferred Stock w/ Warrants $ Par 3/31/200

100,000,000 

12/12/2008 Capital Bank Corporation Raleigh NC Preferred Stock w/ Warrants 41,279,000 $ Par 12/12/2008 Pacific International Bancorp Seattle WA Preferred Stock w/ Warrants 6,500,000 $ Par 12/12/2008 SVB Financial Group Santa Clara CA Preferred Stock w/ Warrants 235,000,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment D

Footnote Purchase Date 

Seller Purchase Details Capita

12/12/2008 LNB Bancorp Inc. Lorain OH Preferred Stock w/ Warrants 25,223,000 $ Par 12/12/2008 Wilmington Trust Corporation Wilmington DE Preferred Stock w/ Warrants 330,000,000 $ Par 12/12/2008 Susquehanna Bancshares, Inc Lititz PA Preferred Stock w/ Warrants 300,000,000 $ Par 12/12/2008 Signature Bank New York NY Preferred Stock w/ Warrants 120,000,000 $ Par 3/31/200

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

12/12/2008 Citizens Republic Bancorp, Inc. Flint MI Preferred Stock w/ Warrants 300,000,000 $ Par 12/12/2008 Indiana Community Bancorp Columbus IN Preferred Stock w/ Warrants 21,500,000 $ Par 12/12/2008 Bank of the Ozarks, Inc. Little Rock AR Preferred Stock w/ Warrants 75,000,000 $ Par 11/4/200

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 5/5/200

12/12/2008 The Bancorp, Inc. Wilmington DE Preferred Stock w/ Warrants 45,220,000 $ Par 12/12/2008 TowneBank Portsmouth VA Preferred Stock w/ Warrants 76,458,000 $ Par 12/12/2008 Wilshire Bancorp, Inc. Los Angeles CA Preferred Stock w/ Warrants 62,158,000 $ Par 12/12/2008 Valley Financial Corporation Roanoke VA Preferred Stock w/ Warrants 16,019,000 $ Par 12/12/2008 Independent Bank Corporation Ionia MI Preferred Stock w/ Warrants 72,000,000 $ Par 12/12/2008 Pinnacle Financial Partners, Inc. Nashville TN Preferred Stock w/ Warrants 95, $ Par 000,000

12/12/2008 First Litchfield Financial Corporation Litchfield CT Preferred Stock w/ Warrants 10,000,000 $ Par 

12/12/2008 National Penn Bancshares, Inc. Boyertown PA Preferred Stock w/ Warrants 150,000,000 $ Par 12/12/2008 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 11/18/20012/19/2008 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, $ Par 000,000

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 11/24/200

12/19/2008 Whitney Holding Corporation New Orleans LA Preferred Stock w/ Warrants 300,000,000 $ Par 12/19/2008 The Connecticut Bank and Trust Company Hartford CT Preferred Stock w/ Warrants 5,448,000 $ Par 12/19/2008 CoBiz Financial Inc. Denver CO Preferred Stock w/ Warrants 64,450,000 $ Par 12/19/2008 Santa Lucia Bancorp Atascadero CA Preferred Stock w/ Warrants 4,000,000 $ Par 12/19/2008 Seacoast Banking Corporation of Florida Stuart FL Preferred Stock w/ Warrants 50,000,000 $ Par 

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

000,000 

12/19/2008 First California Financial Group, Inc Westlake Village CA Preferred Stock w/ Warrants 25,000,000 $ Par 12/19/2008 AmeriServ Financial, Inc Johnstown PA Preferred Stock w/ Warrants 21,000,000 $ Par 12/19/2008 Security Federal Corporation Aiken SC Preferred Stock w/ Warrants 18,000,000 $ Par 12/19/2008 Wintrust Financial Corporation Lake Forest IL Preferred Stock w/ Warrants 250,000,000 $ Par 12/19/2008 Flushing Financial Corporation Lake Success NY Preferred Stock w/ Warrants 70,000,000 $ Par 10/28/20012/19/2008 Monarch Financial Holdings, Inc. Chesapeake VA Preferred Stock w/ Warrants 14,700,000 $ Par 12/19/2008 StellarOne Corporation Charlottesville VA Preferred Stock w/ Warrants 30, $ Par 000,000

12/19/2008 Union Bankshares Corporation Bowling Green VA Preferred Stock w/ Warrants 59,000,000 $ Par 11/18/200
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment D

Footnote Purchase Date 

Seller Purchase Details Capita

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 8/5/20012/19/2008 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 5/13/20012/19/2008 Heartland Financial USA, Inc. Dubuque IA Preferred Stock w/ Warrants 81,698,000 $ Par 12/19/2008 Citizens First Corporation Bowling Green KY Preferred Stock w/ Warrants 8,779,000 $ Par 

2 12/19/2008 FFW Corporation Wabash IN Preferred Stock w/ Exercised Warrants 7,289,000 $ Par 2 12/19/2008 Plains Capital Corporation Dallas TX Preferred Stock w/ Exercised Warrants 87,631,000 $ Par 2 12/19/2008 Tri-County Financial Corporation Waldorf MD Preferred Stock w/ Exercised Warrants 15,540,000 $ Par 3 12/19/2008 OneUnited Bank Boston MA Preferred Stock 12,063,000 $ Par 2 12/19/2008 Patriot Bancshares, Inc. Houston TX Preferred Stock w/ Exercised Warrants 26,038,000 $ Par 2 12/19/2008 Pacific City Financial Corporation Los Angeles CA Preferred Stock w/ Exercised Warrants 16,200,000 $ Par 2 12/19/2008 Marquette National Corporation Chicago IL Preferred Stock w/ Exercised Warrants 35,500,000 $ Par 2 12/19/2008 Exchange Bank Santa Rosa CA Preferred Stock w/ Exercised Warrants 43,000,000 $ Par 2 12/19/2008 Monadnock Bancorp, Inc. Peterborough NH Preferred Stock w/ Exercised Warrants 1,834,000 $ Par 2 12/19/2008 Bridgeview Bancorp, Inc. Bridgeview IL Preferred Stock w/ Exercised Warrants 38,000,000 $ Par 2 12/19/2008 Fidelity Financial Corporation Wichita KS Preferred Stock w/ Exercised Warrants 36,282,000 $ Par 2 12/19/2008 Patapsco Bancorp, Inc. Dundalk MD Preferred Stock w/ Exercised Warrants 6,000,000 $ Par 2 12/19/2008 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, $ Par 294,000

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

12/23/2008 Bridge Capital Holdings San Jose CA Preferred Stock w/ Warrants 23,864,000 $ Par 12/23/2008 International Bancshares Corporation Laredo TX Preferred Stock w/ Warrants 216,000,000 $ Par 

12/23/2008 First Sound Bank Seattle WA Preferred Stock w/ Warrants 7,400,000 $ Par 12/23/2008 M&T Bank Corporation Buffalo NY Preferred Stock w/ Warrants 600,000,000 $ Par 12/23/2008 Emclaire Financial Corp. Emlenton PA Preferred Stock w/ Warrants 7,500,000 $ Par 12/23/2008 Park National Corporation Newark OH Preferred Stock w/ Warrants 100,000,000 $ Par 12/23/2008 Green Bankshares, Inc. Greeneville TN Preferred Stock w/ Warrants 72, $ Par 278,000

12/23/2008 Cecil Bancorp, Inc. Elkton MD Preferred Stock w/ Warrants 11,560,000 $ Par 12/23/2008 Financial Institutions, Inc. Warsaw NY Preferred Stock w/ Warrants 37,515,000 $ Par 12/23/2008 Fulton Financial Corporation Lancaster PA Preferred Stock w/ Warrants 376,500,000 $ Par 12/23/2008 United Bancorporation of Alabama, Inc. Atmore AL Preferred Stock w/ Warrants 10,300,000 $ Par 12/23/2008 MutualFirst Financial, Inc. Muncie IN Preferred Stock w/ Warrants 32,382,000 $ Par 12/23/2008 BCSB Bancorp, Inc. Baltimore MD Preferred Stock w/ Warrants 10,800,000 $ Par 12/23/2008 HMN Financial, Inc. Rochester MN Preferred Stock w/ Warrants 26,000,000 $ Par 12/23/2008 First Community Bank Corporation of America Pinellas Park FL Preferred Stock w/ Warrants 10,685,000 $ Par 

12/23/2008 Sterling Bancorp New York NY Preferred Stock w/ Warrants 42,000,000 $ Par 12/23/2008 Intervest Bancshares Corporation New York NY Preferred Stock w/ Warrants 25,000,000 $ Par 

12/23/2008 Peoples Bancorp of North Carolina, Inc. Newton NC Preferred Stock w/ Warrants 25,054,000 $ Par 12/23/2008 Parkvale Financial Corporation Monroeville PA Preferred Stock w/ Warrants 31, $ Par 762,000

12/23/2008 Timberland Bancorp, Inc. Hoquiam WA Preferred Stock w/ Warrants 16,641,000 $ Par 12/23/2008 1st Constitution Bancorp Cranbury NJ Preferred Stock w/ Warrants 12,000,000 $ Par 12/23/2008 Central Jersey Bancorp Oakhurst NJ Preferred Stock w/ Warrants 11,300,000 $ Par 

2 12/23/2008 Western Illinois Bancshares Inc. Monmouth IL Preferred Stock w/ Exercised Warrants 6,855,000 $ 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, $ Par 000,000
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment D

Footnote Purchase Date 

Seller Purchase Details Capita

2 12/23/2008 Seacoast Commerce Bank Chula Vista CA Preferred Stock w/ Exercised Warrants 1,800,000 $ Par 

2 12/23/2008 TCNB Financial Corp. Dayton OH Preferred Stock w/ Exercised Warrants 2,000,000 $ Par 2 12/23/2008 Leader Bancorp, Inc. Arlington MA Preferred Stock w/ Exercised Warrants 5,830,000 $ Par 2 12/23/2008 Nicolet Bankshares, Inc. Green Bay WI Preferred Stock w/ Exercised Warrants 14,964,000 $ Par 2 12/23/2008 Magna Bank Memphis TN Preferred Stock w/ Exercised Warrants 13,795,000 $ Par 11/24/200

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

2 12/23/2008 Capital Bancorp, Inc. Rockville MD Preferred Stock w/ Exercised Warrants 4, $ Par 700,0002 12/23/2008 Cache Valley Banking Company Logan UT Preferred Stock w/ Exercised Warrants 4,767,000 $ Par 2 12/23/2008 Citizens Bancorp Nevada City CA Preferred Stock w/ Exercised Warrants 10,400,000 $ Par 2 12/23/2008 Tennessee Valley Financial Holdings, Inc. Oak Ridge TN Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 2 12/23/2008 Pacific Coast Bankers' Bancshares San Francisco CA Preferred Stock w/ Exercised Warrants 11,600,000 $ Par 

12/31/2008 SunTrust Banks, Inc. Atlanta GA Preferred Stock w/ Warrants 1,350,000,000 $ Par 12/31/2008 The PNC Financial Services Group Inc. Pittsburgh PA Preferred Stock w/ Warrants 7,579,200,000 $ Par 12/31/2008 Fifth Third Bancorp Cincinnati OH Preferred Stock w/ Warrants 3,408,000,000 $ Par 12/31/2008 Hampton Roads Bankshares, Inc. Norfolk VA Preferred Stock w/ Warrants 80,347,000 $ Par 

14 12/31/2008 CIT Group Inc. New York NY Preferred Stock w/ Warrants 2,330,000,000 $ Par 

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

2 12/31/2008 First Banks, Inc. Clayton MO Preferred Stock w/ Exercised Warrants 295,400,000 $ Par 1 1/9/2009 Bank of America Corporation Charlotte NC Preferred Stock w/ Warrants 10,000,000,000 $ Par 

1/9/2009 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 1/9/2009 Commerce National Bank Newport Beach CA Preferred Stock w/ Warrants 5,000,000 $ Par 10/7/200

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 4/8/200

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 6/17/200

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 4/22/200

1/9/2009 Cadence Financial Corporation Starkville MS Preferred Stock w/ Warrants 44, $ Par 000,000

1/9/2009 LCNB Corp. Lebanon OH Preferred Stock w/ Warrants 13,400,000 $ Par 10/21/200

1/9/2009 Center Bancorp, Inc. Union NJ Preferred Stock w/ Warrants 10,000,000 $ Par 1/9/2009 F.N.B. Corporation Hermitage PA Preferred Stock w/ Warrants 100,000,000 $ Par 9/9/200

1/9/2009 C&F Financial Corporation West Point VA Preferred Stock w/ Warrants 20,000,000 $ Par 1/9/2009 North Central Bancshares, Inc. Fort Dodge IA Preferred Stock w/ Warrants 10,200,000 $ Par 1/9/2009 Carolina Bank Holdings, Inc. Greensboro NC Preferred Stock w/ Warrants 16,000,000 $ Par 1/9/2009 First Bancorp Troy NC Preferred Stock w/ Warrants 65,000,000 $ Par 1/9/2009 First Financial Service Corporation Elizabethtown KY Preferred Stock w/ Warrants 20,000,000 $ Par 1/9/2009 Codorus Valley Bancorp, Inc. York PA Preferred Stock w/ Warrants 16,500,000 $ Par 1/9/2009 MidSouth Bancorp, Inc. Lafayette LA Preferred Stock w/ Warrants 20,000,000 $ Par 1/9/2009 First Security Group, Inc. Chattanooga TN Preferred Stock w/ Warrants 33,000,000 $ Par 

1/9/2009 Shore Bancshares, Inc. Easton MD Preferred Stock w/ Warrants 25,000,000 $ Par 4/15/200

2 1/9/2009 The Queensborough Company Louisville GA Preferred Stock w/ Exercised Warrants 12, $ Par 000,0002 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 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment D

Footnote Purchase Date 

Seller Purchase Details Capita

2 1/9/2009 Redwood Financial Inc. Redwood Falls MN Preferred Stock w/ Exercised Warrants 2,995,000 $ Par 2 1/9/2009 Surrey Bancorp Mount Airy NC Preferred Stock w/ Exercised Warrants 2,000,000 $ Par 2 1/9/2009 Independence Bank East Greenwich RI Preferred Stock w/ Exercised Warrants 1,065,000 $ Par 2 1/9/2009 Valley Community Bank Pleasanton CA Preferred Stock w/ Exercised Warrants 5,500,000 $ Par 2 1/9/2009 Rising Sun Bancorp Rising Sun MD Preferred Stock w/ Exercised Warrants 5,983,000 $ Par 2 1/9/2009 Community Trust Financial Corporation Ruston LA Preferred Stock w/ Exercised Warrants 24,000,000 $ Par 

2 1/9/2009 GrandSouth Bancorporation Greenville SC Preferred Stock w/ Exercised Warrants 9, $ Par 000,0002 1/9/2009 Texas National Bancorporation Jacksonville TX Preferred Stock w/ Exercised Warrants 3, $ Par 981,0002 1/9/2009 Congaree Bancshares, Inc. Cayce SC Preferred Stock w/ Exercised Warrants 3,285,000 $ Par 2 1/9/2009 New York Private Bank & Trust Corporation New York NY Preferred Stock w/ Exercised Warrants 267,274,000 $ Par 

1/16/2009 Home Bancshares, Inc. Conway AR Preferred Stock w/ Warrants 50,000,000 $ Par 1/16/2009 Washington Banking Company Oak Harbor WA Preferred Stock w/ Warrants 26,380,000 $ Par 1/16/2009 New Hampshire Thrift Bancshares, Inc. Newport NH Preferred Stock w/ Warrants 10,000,000 $ Par 1/16/2009 Bar Harbor Bankshares Bar Harbor ME Preferred Stock w/ Warrants 18,751,000 $ Par 1/16/2009 Somerset Hills Bancorp Bernardsville NJ Preferred Stock w/ Warrants 7, $ Par 5/20/200

414,000 

1/16/2009 SCBT Financial Corporation Columbia SC Preferred Stock w/ Warrants 64,779,000 $ Par 5/20/200

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 5/13/200

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

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

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

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

1/16/2009 MetroCorp Bancshares, Inc. Houston TX Preferred Stock w/ Warrants 45,000,000 $ Par 1/16/2009 United Bancorp, Inc. Tecumseh MI Preferred Stock w/ Warrants 20,600,000 $ Par 1/16/2009 Old Second Bancorp, Inc. Aurora IL Preferred Stock w/ Warrants 73,000,000 $ Par 1/16/2009 Pulaski Financial Corp Creve Coeur MO Preferred Stock w/ Warrants 32,538,000 $ Par 1/16/2009 OceanFirst Financial Corp. Toms River NJ Preferred Stock w/ Warrants 38,263,000 $ Par 

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

2 1/16/2009 TCB Holding Company, Texas Community Bank The Woodlands TX Preferred Stock w/ Exercised Warrants 11,730,000 $ Par 2 1/16/2009 Centra Financial Holdings, Inc. Morgantown WV Preferred Stock w/ Exercised Warrants 15,000,000 $ Par 3/31/200

2 1/16/2009 First Bankers Trustshares, Inc. Quincy IL Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 2 1/16/2009 Pacific Coast National Bancorp San Clemente CA Preferred Stock w/ Exercised Warrants 4,120,000 $ Par 3 1/16/2009 Community Bank of the Bay Oakland CA Preferred Stock 1,747,000 $ Par 

2 1/16/2009 Redwood Capital Bancorp Eureka CA Preferred Stock w/ Exercised Warrants 3,800,000 $ Par 2 1/16/2009 Syringa Bancorp Boise ID Preferred Stock w/ Exercised Warrants 8,000,000 $ Par 2 1/16/2009 Idaho Bancorp Boise ID Preferred Stock w/ Exercised Warrants 6,900,000 $ Par 2 1/16/2009 Puget Sound Bank Bellevue WA Preferred Stock w/ Exercised Warrants 4,500,000 $ Par 2 1/16/2009 United Financial Banking Companies, Inc. Vienna VA Preferred Stock w/ Exercised Warrants 5,658,000 $ Par 2 1/16/2009 Dickinson Financial Corporation II Kansas City MO Preferred Stock w/ Exercised Warrants 146,053,000 $ Par 2 1/16/2009 The Baraboo Bancorporation Baraboo WI Preferred Stock w/ Exercised Warrants 20,749,000 $ Par 2 1/16/2009 Bank of Commerce Charlotte NC Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 2 1/16/2009 State Bankshares, Inc. Fargo ND Preferred Stock w/ Exercised Warrants 50,000,000 $ Par 8/12/200

2 1/16/2009 BNCCORP, Inc. Bismarck ND Preferred Stock w/ Exercised Warrants 20,093,000 $ Par 2 1/16/2009 First Manitowoc Bancorp, Inc. Manitowoc WI Preferred Stock w/ Exercised Warrants 12,000,000 $ Par 5/27/200

3 1/16/2009 Southern Bancorp, Inc. Arkadelphia AR Preferred Stock 11,000,000 $ Par 2 1/16/2009 Morrill Bancshares, Inc. Merriam KS Preferred Stock w/ Exercised Warrants 13, $ Par 000,000

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

1/23/2009 1st Source Corporation South Bend IN Preferred Stock w/ Warrants 111,000,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment D

Footnote Purchase Date 

Seller Purchase Details Capita

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 1/23/2009 Seaside National Bank & Trust Orlando FL Preferred Stock w/ Exercised Warrants 5,677,000 $ Par 2 1/23/2009 CalWest Bancorp Rancho Santa Margarita CA Preferred Stock w/ Exercised Warrants 4,656,000 $ Par 2 1/23/2009 Fresno First Bank Fresno CA Preferred Stock w/ Exercised Warrants 1,968,000 $ Par 2 1/23/2009 First ULB Corp. Oakland CA Preferred Stock w/ Exercised Warrants 4,900,000 $ Par 4/22/200

2 1/23/2009 Alarion Financial Services, Inc. Ocala FL Preferred Stock w/ Exercised Warrants 6,514,000 $ Par 

2 1/23/2009 Midland States Bancorp, Inc. Effingham IL Preferred Stock w/ Exercised Warrants 10,189,000 $ Par 2 1/23/2009 Moscow Bancshares, Inc. Moscow TN Preferred Stock w/ Exercised Warrants 6,216,000 $ Par 2 1/23/2009 Farmers Bank Windsor VA Preferred Stock w/ Exercised Warrants 8,752,000 $ Par 2 1/23/2009 California Oaks State Bank Thousand Oaks CA Preferred Stock w/ Exercised Warrants 3,300,000 $ Par 2 1/23/2009 Pierce County Bancorp Tacoma WA Preferred Stock w/ Exercised Warrants 6,800,000 $ Par 2 1/23/2009 Calvert Financial Corporation Ashland MO Preferred Stock w/ Exercised Warrants 1,037,000 $ Par 2 1/23/2009 Liberty Bancshares, Inc. Jonesboro AR Preferred Stock w/ Exercised Warrants 57,500,000 $ Par 2 1/23/2009 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 /23/2009 S th Illi i B I Southern Illinois Bancorp, Inc. C i arm IL Pre f d St k / E i d W t ferred Stock w/ Exercised Warrants 5,000,000 $ Par 5 000 000 P

2 1/23/2009 FPB Financial Corp. Hammond LA Preferred Stock w/ Exercised Warrants 3,240,000 $ Par 2 1/23/2009 Stonebridge Financial Corp. West Chester PA Preferred Stock w/ Exercised Warrants 10,973,000 $ Par 

1/30/2009 Peoples Bancorp Inc. Marietta OH Preferred Stock w/ Warrants 39,000,000 $ Par 1/30/2009 Anchor BanCorp Wisconsin Inc. Madison WI Preferred Stock w/ Warrants 110,000,000 $ Par 1/30/2009 Parke Bancorp, Inc. Sewell NJ Preferred Stock w/ Warrants 16,288,000 $ Par 1/30/2009 Central Virginia Bankshares, Inc. Powhatan VA Preferred Stock w/ Warrants 11,385,000 $ Par 1/30/2009 Flagstar Bancorp, Inc. Troy MI Preferred Stock w/ Warrants 266,657,000 $ Par 1/30/2009 Middleburg Financial Corporation Middleburg VA Preferred Stock w/ Warrants 22,000,000 $ Par 1/30/2009 Peninsula Bank Holding Co. Palo Alto CA Preferred Stock w/ Warrants 6,000,000 $ Par 1/30/2009 PrivateBancorp, Inc. Chicago IL Preferred Stock w/ Warrants 243,815,000 $ Par 1/30/2009 Central Valley Community Bancorp Fresno CA Preferred Stock w/ Warrants 7,000,000 $ Par 1/30/2009 Plumas Bancorp Quincy CA Preferred Stock w/ Warrants 11,949,000 $ Par 1/30/2009 Stewardship Financial Corporation Midland Park NJ Preferred Stock w/ Warrants 10,000,000 $ Par 1/30/2009 Oak Ridge Financial Services, Inc. Oak Ridge NC Preferred Stock w/ Warrants 7,700,000 $ Par 1/30/2009 First United Corporation Oakland MD Preferred Stock w/ Warrants 30,000,000 $ Par 1/30/2009 Community Partners Bancorp Middletown NJ Preferred Stock w/ Warrants 9,000,000 $ Par 1/30/2009 Guaranty Federal Bancshares, Inc. Springfield MO Preferred Stock w/ Warrants 17,000,000 $ Par 1/30/2009 Annapolis Bancorp, Inc. Annapolis MD Preferred Stock w/ Warrants 8,152,000 $ Par 1/30/2009 DNB Financial Corporation Downingtown PA Preferred Stock w/ Warrants 11,750,000 $ Par 1/30/2009 Firstbank Corporation Alma MI Preferred Stock w/ Warrants 33,000,000 $ Par 

2 1/30/2009 Valley Commerce Bancorp Visalia CA Preferred Stock w/ Exercised Warrants 7,700,000 $ Par 2 1/30/2009 Greer Bancshares Incorporated Greer SC Preferred Stock w/ Exercised Warrants 9,993,000 $ Par 

2 1/30/2009 Ojai Community Bank Ojai CA Preferred Stock w/ Exercised Warrants 2,080,000 $ Par 2 1/30/2009 Adbanc, Inc Ogallala NE Preferred Stock w/ Exercised Warrants 12,720,000 $ Par 

2 1/30/2009 Beach Business Bank Manhattan Beach CA Preferred Stock w/ Exercised Warrants 6,000,000 1/30/2009 B hB i B k M h tt B h CA P f d St k / E i d W t $ Par 6 000 000 P

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 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment D

Footnote Purchase Date 

Seller Purchase Details Capita

2 1/30/2009 UBT Bancshares, Inc. Marysville KS Preferred Stock w/ Exercised Warrants 8, $ Par 950,000

2 1/30/2009 Bankers' Bank of the West Bancorp, Inc. Denver CO Preferred Stock w/ Exercised Warrants 12,639,000 $ Par 2 1/30/2009 W.T.B. Financial Corporation Spokane WA Preferred Stock w/ Exercised Warrants 110,000,000 $ Par 2 1/30/2009 AMB Financial Corp. Munster IN Preferred Stock w/ Exercised Warrants 3,674,000 $ Par 2 1/30/2009 Goldwater Bank, N.A. Scottsdale AZ Preferred Stock w/ Exercised Warrants 2,568,000 $ Par 2 1/30/2009 Equity Bancshares, Inc. Wichita KS Preferred Stock w/ Exercised Warrants 8,750,000 $ Par 

2, 13 - 

10/30/2009 1/30/2009 WashingtonFirst Bankshares, Inc. Reston VA Preferred Stock w/ Exercised Warrants 6,633,000 $ Par 

2 1/30/2009 Central Bancshares, Inc. Houston TX Preferred Stock w/ Exercised Warrants 5,800,000 $ Par 2 1/30/2009 Hilltop Community Bancorp, Inc. Summit NJ Preferred Stock w/ Exercised Warrants 4, $ Par 000,000

2 1/30/2009 Northway Financial, Inc. Berlin NH Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 2 1/30/2009 Monument Bank Bethesda MD Preferred Stock w/ Exercised Warrants 4,734,000 $ Par 2 1/30/2009 Metro City Bank Doraville GA Preferred Stock w/ Exercised Warrants 7, $ Par 700,0002 1/30/2009 F & M Bancshares, Inc. Trezevant TN Preferred Stock w/ Exercised Warrants 4,609,000 $ Par 2 1/30/2009 First Resource Bank Exton PA Preferred Stock w/ Exercised Warrants 2,600,000 $ Par 

2/6/2009 MidWestOne Financial Group, Inc. Iowa City IA Preferred Stock w/ Warrants 16,000,000 $ Par 2/6/2009 Lakeland Bancorp, Inc. Oak Ridge NJ Preferred Stock w/ Warrants 59,000,000 $ Par 2/6/2009 Monarch Community Bancorp, Inc. Coldwater MI Preferred Stock w/ Warrants 6,785,000 $ Par 2/6/2009 The First Bancshares, Inc. Hattiesburg MS Preferred Stock w/ Warrants 5,000,000 $ Par 2/6/2009 Carolina Trust Bank Lincolnton NC Preferred Stock w/ Warrants 4,000,000 $ Par 

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

3 2/6/2009 PGB Holdings, Inc. Chicago IL Preferred Stock 3,000,000 $ Par 2 2/6/2009 The Freeport State Bank Harper KS Preferred Stock w/ Exercised Warrants 301,000 $ Par 2 2/6/2009 Stockmens Financial Corporation Rapid City SD Preferred Stock w/ Exercised Warrants 15,568,000 $ Par 

2 2/6/2009 US Metro Bank Garden Grove CA Preferred Stock w/ Exercised Warrants 2,861,000 $ Par 2 2/6/2009 First Express of Nebraska, Inc. Gering NE Preferred Stock w/ Exercised Warrants 5,000,000 $ Par 2 2/6/2009 Mercantile Capital Corp. Boston MA Preferred Stock w/ Exercised Warrants 3,500,000 $ Par 2 2/6/2009 Citizens Commerce Bancshares, Inc. Versailles KY Preferred Stock w/ Exercised Warrants 6, $ Par 300,000

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

2 2/6/2009 Georgia Commerce Bancshares, Inc. Atlanta GA Preferred Stock w/ Exercised Warrants 8,700,000 $ Par 2 2/6/2009 First Bank of Charleston, Inc. Charleston WV Preferred Stock w/ Exercised Warrants 3,345,000 $ Par 

2 2/6/2009 F & M Financial Corporation Salisbury NC Preferred Stock w/ Exercised Warrants 17,000,000 $ Par 2 2/6/2009 The Bank of Currituck Moyock NC Preferred Stock w/ Exercised Warrants 4,021,000 $ Par 2 2/6/2009 CedarStone Bank Lebanon TN Preferred Stock w/ Exercised Warrants 3,564,000 $ Par 2 2/6/2009 Community Holding Company of Florida, Inc. Miramar Beach FL Preferred Stock w/ Exercised Warrants 1,050,000 $ Par 2 2/6/2009 Hyperion Bank Philadelphia PA Preferred Stock w/ Exercised Warrants 1,552,000 $ Par 2 2/6/2009 Pascack Community Bank Westwood NJ Preferred Stock w/ Exercised Warrants 3,756,000 $ Par 2 2/6/2009 First Western Financial, Inc. Denver CO Preferred Stock w/ Exercised Warrants 8,559,000 $ Par 

2/13/2009 QCR Holdings, Inc. Moline IL Preferred Stock w/ Warrants 38,237,000 $ Par 

9/2/200

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

11/18/200

2/13/2009 The Bank of Kentucky Financial Corporation Crestview Hills KY Preferred Stock w/ Warrants 34, $ Par 000,000

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 

2/13/2009 Westamerica Bancorporation San Rafael CA Preferred Stock w/ Warrants $ 83,726,000 Par
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment D

Footnote Purchase Date 

Seller Purchase Details Capita

2 2/13/2009 Security Bancshares of Pulaski County, Inc. Waynesville MO Preferred Stock w/ Exercised Warrants 2, $ Par 152,000

2 2/13/2009 State Capital Corporation Greenwood MS Preferred Stock w/ Exercised Warrants 15,000,000 $ Par 2 2/13/2009 BankGreenville Greenville SC Preferred Stock w/ Exercised Warrants 1, $ Par 000,000

2 2/13/2009 Corning Savings and Loan Association Corning AR Preferred Stock w/ Exercised Warrants 638,000 $ Par 2 2/13/2009 Financial Security Corporation Basin WY Preferred Stock w/ Exercised Warrants 5,000,000 $ Par 2 2/13/2009 ColoEast Bankshares, Inc. Lamar CO Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 2 2/13/2009 Santa Clara Valley Bank, N.A. Santa Paula CA Preferred Stock w/ Exercised Warrants 2,900,000 $ Par 2 2/13/2009 Reliance Bancshares, Inc. Frontenac MO Preferred Stock w/ Exercised Warrants 40,000,000 $ Par 2 2/13/2009 Regional Bankshares, Inc. Hartsville SC Preferred Stock w/ Exercised Warrants 1, $ Par 500,000

2 2/13/2009 Peoples Bancorp Lynden WA Preferred Stock w/ Exercised Warrants 18,000,000 $ Par 2 2/13/2009 First Choice Bank Cerritos CA Preferred Stock w/ Exercised Warrants 2,200,000 $ Par 2 2/13/2009 Gregg Bancshares, Inc. Ozark MO Preferred Stock w/ Exercised Warrants 825,000 $ Par 2 2/13/2009 Hometown Bancshares, Inc. Corbin KY Preferred Stock w/ Exercised Warrants 1,900,000 $ Par 2 2/13/2009 Midwest Regional Bancorp, Inc. Festus MO Preferred Stock w/ Exercised Warrants 700,000 $ Par 11/10/200

2 2/13/2009 Bern Bancshares, Inc. Bern KS Preferred Stock w/ Exercised Warrants 985,000 $ Par 2 2/13/2009 Northwest Bancorporation, Inc. Spokane WA Preferred Stock w/ Exercised Warrants 10,500,000 $ Par 2 2/13/2009 Liberty Bancshares, Inc. Springfield MO Preferred Stock w/ Exercised Warrants 21,900,000 $ Par 

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

2 2/13/2009 Meridian Bank Devon PA Preferred Stock w/ Exercised Warrants 6,200,000 $ Par 2 2/13/2009 Northwest Commercial Bank Lakewood WA Preferred Stock w/ Exercised Warrants 1,992,000 $ Par 

2/20/2009 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, $ Par 920,0002 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, $ Par 280,0002 2/20/2009 White River Bancshares Company Fayetteville AR Preferred Stock w/ Exercised Warrants 16, $ Par 800,000

2 2/20/2009 United American Bank San Mateo CA Preferred Stock w/ Exercised Warrants 8,700,000 $ Par 2 2/20/2009 Crazy Woman Creek Bancorp, Inc. Buffalo WY Preferred Stock w/ Exercised Warrants 3,100,000 $ Par 2 2/20/2009 First Priority Financial Corp. Malvern PA Preferred Stock w/ Exercised Warrants 4,579,000 $ Par 2 2/20/2009 Mid-Wisconsin Financial Services, Inc. Medford WI Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 2 2/20/2009 Market Bancorporation, Inc. New Market MN Preferred Stock w/ Exercised Warrants 2,060,000 $ Par 2 2/20/2009 Hometown Bancorp of Alabama, Inc. Oneonta AL Preferred Stock w/ Exercised Warrants 3,250,000 $ Par 2 2/20/2009 Security State Bancshares, Inc. Charleston MO Preferred Stock w/ Exercised Warrants 12,500,000 $ Par 2 2/20/2009 CBB Bancorp Cartersville GA Preferred Stock w/ Exercised Warrants 2, $ Par 644,0002 2/20/2009 BancPlus Corporation Ridgeland MS Preferred Stock w/ Exercised Warrants 48,000,000 $ Par 2 2/20/2009 Central Community Corporation Temple TX Preferred Stock w/ Exercised Warrants 22,000,000 $ Par 2 2/20/2009 First BancTrust Corporation Paris IL Preferred Stock w/ Exercised Warrants 7,350,000 $ Par 2 2/20/2009 Premier Service Bank Riverside CA Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2 2/20/2009 Florida Business BancGroup, Inc. Tampa FL Preferred Stock w/ Exercised Warrants 9,495,000 $ Par 2 2/20/2009 Hamilton State Bancshares Hoschton GA Preferred Stock w/ Exercised Warrants 7,000,000 $ Par 

2/27/2009 Lakeland Financial Corporation Warsaw IN Preferred Stock w/ Warrants 56,044,000 $ Par 2/27/2009 First M&F Corporation Kosciusko MS Preferred Stock w/ Warrants 30,000,000 $ Par 

2/27/2009 Southern First Bancshares, Inc. Greenville SC Preferred Stock w/ Warrants 17, $ Par 299,000

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

2 2/27/2009 Community First Inc. Columbia TN Preferred Stock w/ Exercised Warrants 17,806,000 $ Par 2 2/27/2009 BNC Financial Group, Inc. New Canaan CT Preferred Stock w/ Exercised Warrants 4,797,000 $ Par 2 2/27/2009 California Bank of Commerce Lafayette CA Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2 2/27/2009 Columbine Capital Corp. Buena Vista CO Preferred Stock w/ Exercised Warrants 2,260,000 $ Par 2 2/27/2009 National Bancshares, Inc. Bettendorf IA Preferred Stock w/ Exercised Warrants 24,664,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment D

Footnote Purchase Date 

Seller Purchase Details Capita

2 2/27/2009 First State Bank of Mobeetie Mobeetie TX Preferred Stock w/ Exercised Warrants 731,000 $ Par 2 2/27/2009 Ridgestone Financial Services, Inc. Brookfield WI Preferred Stock w/ Exercised Warrants 10,900,000 $ Par 

2 2/27/2009 Community Business Bank West Sacramento CA Preferred Stock w/ Exercised Warrants 3,976,000 $ Par 2 2/27/2009 D.L. Evans Bancorp Burley ID Preferred Stock w/ Exercised Warrants 19,891,000 $ Par 2 2/27/2009 TriState Capital Holdings, Inc. Pittsburgh PA Preferred Stock w/ Exercised Warrants 23,000,000 $ Par 

2 2/27/2009 Green City Bancshares, Inc. Green City MO Preferred Stock w/ Exercised Warrants 651,000 $ Par 2 2/27/2009 First Gothenburg Bancshares, Inc. Gothenburg NE Preferred Stock w/ Exercised Warrants 7,570,000 $ Par 2 2/27/2009 Green Circle Investments, Inc. Clive IA Preferred Stock w/ Exercised Warrants 2,400,000 $ Par 2 2/27/2009 Private Bancorporation, Inc. Minneapolis MN Preferred Stock w/ Exercised Warrants 4,960,000 $ Par 

2 2/27/2009 Regent Capital Corporation Nowata OK Preferred Stock w/ Exercised Warrants 2,655,000 $ Par 2 2/27/2009 Central Bancorp, Inc. Garland TX Preferred Stock w/ Exercised Warrants 22,500,000 $ Par 2 2/27/2009 Medallion Bank Salt Lake City UT Preferred Stock w/ Exercised Warrants 11,800,000 $ Par 

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

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

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

2 2/27/2009 FNB Bancorp South San Francisco CA Preferred Stock w/ Exercised Warrants 12,000,000 $ Par 2 2/27/2009 The Victory Bank Limerick PA Preferred Stock w/ Exercised Warrants 541,000 $ Par 2 2/27/2009 Catskill Hudson Bancorp, Inc Rock Hill NY Preferred Stock w/ Exercised Warrants 3, $ Par 000,0002 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, $ Par 492,0002 3/6/2009 Highlands Independent Bancshares, Inc. Sebring FL Preferred Stock w/ Exercised Warrants 6,700,000 $ Par 2 3/6/2009 Pinnacle Bank Holding Company, Inc. Orange City FL Preferred Stock w/ Exercised Warrants 4,389,000 $ Par 2 3/6/2009 Blue River Bancshares, Inc. Shelbyville IN Preferred Stock w/ Exercised Warrants 5, $ Par 000,0002 3/6/2009 Marine Bank & Trust Company Vero Beach FL Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 2 3/6/2009 Community Bancshares of Kansas, Inc. Goff KS Preferred Stock w/ Exercised Warrants 500,000 $ Par 2 3/6/2009 Regent Bancorp, Inc. Davie FL Preferred Stock w/ Exercised Warrants 9,982,000 $ Par 2 3/6/2009 Park Bancorporation, Inc. Madison WI Preferred Stock w/ Exercised Warrants 23,200,000 $ Par 2 3/6/2009 PeoplesSouth Bancshares, Inc. Colquitt GA Preferred Stock w/ Exercised Warrants 12,325,000 $ Par 

3/13/2009 First Place Financial Corp. Warren OH Preferred Stock w/ Warrants 72,927,000 $ Par 3/13/2009 Salisbury Bancorp, Inc. Lakeville CT Preferred Stock w/ Warrants 8, $ Par 816,0003/13/2009 First Northern Community Bancorp Dixon CA Preferred Stock w/ Warrants 17,390,000 $ Par 3/13/2009 Discover Financial Services Riverwoods IL Preferred Stock w/ Warrants 1,224,558,000 $ Par 

3/13/2009 Provident Community Bancshares, Inc. Rock Hill SC Preferred Stock w/ Warrants 9,266,000 $ Par 

3 3/13/2009 First American International Corp. Brooklyn NY Preferred Stock 17,000,000 $ Par 2 3/13/2009 BancIndependent, Inc. Sheffield AL Preferred Stock w/ Exercised Warrants 21,100,000 $ Par 2 3/13/2009 Haviland Bancshares, Inc. Haviland KS Preferred Stock w/ Exercised Warrants 425,000 $ Par 2 3/13/2009 1st United Bancorp, Inc. Boca Raton FL Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 11/18/200

2 3/13/2009 Madison Financial Corporation Richmond KY Preferred Stock w/ Exercised Warrants 3,370,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment D

Footnote Purchase Date 

Seller Purchase Details Capita

2 3/13/2009 First National Corporation Strasburg VA Preferred Stock w/ Exercised Warrants 13,900,000 $ Par 2 3/13/2009 St. Johns Bancshares, Inc. St. Louis MO Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 2 3/13/2009 Blackhawk Bancorp, Inc. Beloit WI Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 

2, 3a - 

11/13/2009 3/13/2009 IBW Financial Corporation Washington DC Preferred Stock 6,000,000 $ Par 

2 3/13/2009 Butler Point, Inc. Catlin IL Preferred Stock w/ Exercised Warrants 607,000 $ Par 2 3/13/2009 Bank of George Las Vegas NV Preferred Stock w/ Exercised Warrants 2,672,000 $ Par 2 3/13/2009 Moneytree Corporation Lenoir City TN Preferred Stock w/ Exercised Warrants 9,516,000 $ Par 2 3/13/2009 Sovereign Bancshares, Inc. Dallas TX Preferred Stock w/ Exercised Warrants 18,215,000 $ Par 2 3/13/2009 First Intercontinental Bank Doraville GA Preferred Stock w/ Exercised Warrants 6, $ Par 398,000

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

2 3/20/2009 Community First Bancshares Inc. Union City TN Preferred Stock w/ Exercised Warrants 20,000,000 $ Par 2 3/20/2009 First NBC Bank Holding Company New Orleans LA Preferred Stock w/ Exercised Warrants 17,836,000 $ Par 2 3/20/2009 First Colebrook Bancorp, Inc. Colebrook NH Preferred Stock w/ Exercised Warrants 4,500,000 $ Par 2 3/20/2009 Kirksville Bancorp, Inc. Kirksville MO Preferred Stock w/ Exercised Warrants $ Par 470,000

2 3/20/2009 Peoples Bancshares of TN, Inc Madisonville TN Preferred Stock w/ Exercised Warrants 3, $ Par 900,0002 3/20/2009 Premier Bank Holding Company Tallahassee FL Preferred Stock w/ Exercised Warrants 9,500,000 $ Par 2 3/20/2009 Citizens Bank & Trust Company Covington LA Preferred Stock w/ Exercised Warrants 2,400,000 $ Par 2 3/20/2009 Farmers & Merchants Financial Corporation Argonia KS Preferred Stock w/ Exercised Warrants 442,000 $ Par 2 3/20/2009 Farmers State Bankshares, Inc. Holton KS Preferred Stock w/ Exercised Warrants 700,000 $ Par 

2 3/27/2009 SBT Bancorp, Inc. Simsbury CT Prefe 3/27/2009 SBT B I Si b CT P f d St k / E i d W t rred Stock w/ Exercised Warrants 4,000,000 $ Par $ 4 000 000 P2 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, $ Par 300,0002 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 4/10/2009 City National Bancshares Corporation City National Bancshares Corporation Newark NJ Preferred Stock Preferred Stock $ 9 439 000 9,439,000 Par

2 4/10/2009 First Business Bank, N.A. San Diego CA Preferred Stock w/ Exercised Warrants 2,211,000 $ Par 2 4/10/2009 SV Financial, Inc. Sterling IL Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2 4/10/2009 Capital Commerce Bancorp, Inc. Milwaukee WI Preferred Stock w/ Exercised Warrants 5,100,000 $ Par 2 4/10/2009 Metropolitan Capital Bancorp, Inc. Chicago IL Preferred Stock w/ Exercised Warrants 2,040,000 $ Par 

4/17/2009 Bank of the Carolinas Corporation Mocksville NC Preferred Stock w/ Warrants 13, $ Par 179,000

2 4/17/2009 Penn Liberty Financial Corp. Wayne PA Preferred Stock w/ Exercised Warrants 9,960,000 $ Par 2 4/17/2009 Tifton Banking Company Tifton GA Preferred Stock w/ Exercised Warrants 3,800,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment D

Footnote Purchase Date 

Seller Purchase Details Capita

2 4/17/2009 Patterson Bancshares, Inc Patterson LA Preferred Stock w/ Exercised Warrants 3,690,000 $ Par 

2 4/17/2009 BNB Financial Services Corporation New York NY Preferred Stock w/ Exercised Warrants 7,500,000 $ Par 2 4/17/2009 Omega Capital Corp. Lakewood CO Preferred Stock w/ Exercised Warrants 2,816,000 $ Par 

4/24/2009 Mackinac Financial Corporation Manistique MI Preferred Stock w/ Warrants 11,000,000 $ Par 

2 4/24/2009 Birmingham Bloomfield Bancshares, Inc Birmingham MI Preferred Stock w/ Exercised Warrants 1,635,000 $ Par 2 4/24/2009 Vision Bank - Texas Richardson TX Preferred Stock w/ Exercised Warrants 1,500,000 $ Par 2 4/24/2009 Oregon Bancorp, Inc. Salem OR Preferred Stock w/ Exercised Warrants 3,216,000 $ Par 2 4/24/2009 Peoples Bancorporation, Inc. Easley SC Preferred Stock w/ Exercised Warrants 12,660,000 $ Par 2 4/24/2009 Indiana Bank Corp. Dana IN Preferred Stock w/ Exercised Warrants 1,312,000 $ Par 2 4/24/2009 Business Bancshares, Inc. Clayton MO Preferred Stock w/ Exercised Warrants 15,000,000 $ Par 2 4/24/2009 Standard Bancshares, Inc. Hickory Hills IL Preferred Stock w/ Exercised Warrants 60, $ Par 000,000

2 4/24/2009 York Traditions Bank York PA Preferred Stock w/ Exercised Warrants 4,871,000 $ Par 2 4/24/2009 Grand Capital Corporation Tulsa OK Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2 4/24/2009 Allied First Bancorp, Inc. Oswego IL Preferred Stock w/ Exercised Warrants 3,652,000 $ Par 8 4/24/2009 Frontier Bancshares, Inc. Austin TX Subordinated Debentures w/ Exercised Warrants $ 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 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, $ Par 720,000

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

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 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment D

Footnote Purchase Date 

Seller Purchase Details Capita

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, $ Par 990,000

2 5/29/2009 Grand Mountain Bancshares, Inc. Granby CO Preferred Stock w/ Exercised Warrants 3,076,000 $ Par 

2 5/29/2009 5/29/2009 Two Rivers Financial Group Two Rivers Financial Group Burlington Burlington IA Preferred Stock w/ Exercised Warrants Preferred Stock w/ Exercised Warrants $ 12 000 000 12,000,000 Par 

8 5/29/2009 Fidelity Bancorp, Inc Baton Rouge LA Subordinated Debentures w/ Exercised Warrants $ Par 3,942,000

8 5/29/2009 Chambers Bancshares, Inc. Danville AR Subordinated Debentures w/ Exercised Warrants $ Par 19,817,0002 6/5/2009 Covenant Financial Corporation Clarksdale MS Preferred Stock w/ Exercised Warrants 5,000,000 $ Par 8 6/5/2009 First Trust Corporation New Orleans LA Subordinated Debentures w/ Exercised Warrants $ Par 17,969,000

8, 10 6/5/2009 OneFinancial Corporation Little Rock AR Subordinated Debentures w/ Exercised Warrants $ Par 17,300,000

2 6/12/2009 Berkshire Bancorp, Inc. Wyomissing PA Preferred Stock w/ Exercised Warrants 2,892,000 $ Par 

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

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

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

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

8, 10 6/12/2009 First Financial Bancshares, Inc. Lawrence KS Subordinated Debentures w/ Exercised Warrants $ Par 3,756,000

8 6/12/2009 River Valley Bancorporation, Inc. Wausau WI Subordinated Debentures w/ Exercised Warrants $ Par 15,000,000

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 $ 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 8 6/19/2009 Farmers Enterprises, Inc. Great Bend KS $ 12 000 000 Par Warrants $ 12,000,000 Par

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
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment D

Footnote Purchase Date 

Seller Purchase Details Capita

6/26/2009 Hartford Financial Services Group, Inc. Hartford CT Preferred Stock w/ Warrants 3,400,000,000 $ Par 

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

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

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

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

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 Warrants $ Par 1,700,000

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 

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 Preferred Stock w/ Exercised Warrants 20,699,000 $ Par 

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

S b di t d D b t / E i d 8, 10 8/28/2009 TCB Corporation Greenwood SC Subordinated Debentures w/ Exercised Warrants $ Par 9,720,000
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment D

Footnote Purchase Date 

Seller Purchase Details Capita

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 $7,500,000 Par 

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 $2,443,320 Par 

3, 8 9/25/2009 Guaranty Capital Corporation Belzoni MS Subordinated Debentures $14,000,000 Par 

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

8, 10 9/25/2009 Steele Street Bank Corporation Denver CO Subordinated Debentures w/ Exercised Warrants $11,019,000 Par 

10/2/2009 Premier Financial Bancorp, Inc. Huntington WV Preferred Stock w/ Warrants 22,252,000 $ Par 

2, 10 10/2/2009 10/2/2009 Providence Bank Providence Bank Rocky Mount Rocky Mount NC Preferred Stock w/ Exercised Warrants Preferred Stock w/ Exercised Warrants $ 4,000,000 4,000,000 Par

2, 10 10/23/2009 Regents Bancshares, Inc. Vancouver WA Preferred Stock w/ Exercised Warrants 12,700,000 $ Par 

8 10/23/2009 Cardinal Bancorp II, Inc. Washington MO

Subordinated Debentures w/ Exercised Warrants $ Par 6,251,000

2 10/30/2009 Randolph Bank & Trust Company Asheboro NC Preferred Stock w/ Exercised Warrants $ Par 6,229,000

2, 10a 10/30/2009 WashingtonFirst Bankshares, Inc. Reston VA Preferred Stock $ Par 6,842,0002, 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

Total Purchase Amount 204,714,587,320 $ Total Capital 

TOTAL TREASURY CPP INVESTMENT AMOUNT 

1/ This transaction was included in previous Transaction Reports with Merrill Lynch & Co., Inc. listed as the qualifying institution and a 10/28/2008 transaction date, footnoted to indicate that settlement was deferred pending m

funded on 1/9/2009.2/ Privately-held qualified financial institution; Treasury received a warrant to purchase additional shares of preferred stock (unless the institution is a CDFI), which it exercised immediately.3/ To promote community development financial institutions (CDFIs), Treasury does not require warrants as part of its investment in certified CDFIs when the size of the investment is $50 million or less.

3a/ Treasury cancelled the warrants received from this institution due to its designation as a CDFI.4/ Repayment pursuant to Title VII, Section 7001(g) of the American Recovery and Reinvestment Act of 2009.5/ Redemption pursuant to a qualified equity offering.

6/ Thi t d t i l d d d id di id d hi h t b id t th ti f it l t9/ 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.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.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 has three separate investments in Citigroup Inc. ("Citigroup") under CPP, TIP, and AGP for a total of $49 billion. On 6/9/2009, Treasury entered into an agreement with Citigroup to exchange up to $25 billion of TPrivate and Public Exchange Offerings. On 7/23/2009 and 7/30/2009, Treasury exchanged a total of $25 billion of the CPP shares for Series M Common Stock Equivalent (“Series M”) and a warrant to purchase shares of com

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 Popu

13/ This institution converted to a bank holding company and Treasury exchanged its securities for a like amount of securities that comply with the CPP terms applicable to bank holding companies.

14/ As of the date of this report, this institution is in bankruptcy proceedings. 
12/29/2008 Purchase GMAC Preferred Stock w/ Exercised Warrants $ Par 5,000,000,000

5/21/2009 Purchase GMAC

Convertible Preferred Stock w/ Exercised Warrants

$ Par 7,500,000,000

GMAC 

12/29/2008 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 Mot

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 Mot

Company 

5/27/2009 Purchase General Motors Corporation Debt Obligation w/ Additional Note $ Par 360,624,198 6 7/10/2009 Exchange for preferred and common stock in New GM $ 360,624,198 N/A 7 General Mot

Holdings LL

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 Liqui

Company 

1/16/2009 P h Chrysler FinCo Debt Obligation w/ $ 1 500 000 000 P 13 

Transaction 

Type Seller Description Amount

Pricing 

Mechanism Date

AUTOMOTIVE INDUSTRY FINANCING PROGRAM

(Revised as of October 30, 2009)

Initial Investment Exchange/Transfer/Other Details Treas

City, State Date 

Type Amount 

Pricing 

Mechanism Obligo

GMAC Detroit, MI

General 

Motors Detroit, MI

1/16/2009 Purchase Chrysler FinCo Debt Obligation w/ Additional Note $ Par 1,500,000,000 13 

1/2/2009 Purchase Chrysler Holding Debt Obligation w/ Additional Note $ Par 6/10/2009 4,000,000,000 Transfer of debt to New Chrysler $ N/A 500,000,000 19 Chrysler Ho

4/29/2009 Purchase Chrysler Holding Debt Obligation w/ Additional Note $ - - 144/29/2009 Purchase Chrysler Holding Debt Obligation w/ Additional Note $ Par 280,130,642 15 

5/1/2009 Purchase Chrysler LLC Debt Obligation w/ Additional Note $ 1,888,153,580 16

5/20/2009 Purchase Chrysler LLC Debt Obligation w/ Additional Note $ - - 175/27/2009 Purchase Chrysler Group LLC Debt Obligation w/ Additional Note, Equity $ N/A 6,642,000,000 18 6/10/2009 Issuance of equity in New Chrysler $ N/A - Chrysler Gro

LLC Chrysler GroLLC 

$ 77,554,932,551 

Total Initial Investment Amount 

Chrylser Auburn Hills, MI

Chrysler 

FinCo

Farmington 

Hills, MI

As used in this table and its footnotes:"GMAC" refers to GMAC Inc., formerly known as GMAC LLC.Footnotes appear on the next page."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"."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.
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 3. Pursuant to its rights under the loan agreement with Old GM reported on 12/29/2009, Treasury exchanged its $884 million loan to Old GM for a portion of Old GM’s common equity interest in GMAC. As a result of the exchange, Treasury 

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 $15,400,000,000.11. 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 u

New GM, and New GM was converted to "General Motors LLC". General Motors LLC is a wholly owned subsidiary of General Motors Holdings LLC, and General Motors Holdings LLC is a wholly owned subsidiary of General Motors Company12. 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 reache

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 b

Chrysler DIP Loan had terminated. The remaining principal amount reflects the final amount of funds disbursed under the Chrylser DIP Loan.5. This transaction was a further amendment to the Old GM Loan, which brought the total loan amount to $19,400,000,000.6. This transaction was a further amendment to the Old GM Loan, which brought the total loan amount to $19,760,624,198. The $360,624,198 loan was used to capitalize GM Warranty LLC, a special purpose vehicle created by . On 7/10/2

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 abov

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 C

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

and New GM (see transactions marked by green lines in table above) and (ii) $986 million, which remained a debt obligation of Old GM. 10. In total, for the exchange of the Old GM Loan and the GM DIP Loan (other than as explained in footnote 9), Treasury received $2.1 billion in preferred shares and 60.8% of the common shares of New GM. (See transactions marked by g17. 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, Tr18. 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 agreem

including $500 million of debt assumed on 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 Ch

Chrysler.19. Pursuant to the agreement explained in footnote 18, $500 million of this debt obligation was assumed by New Chrysler. 20. Under the terms of an agreement dated 7/23/2009, Treasury agreed to hold the outstanding loans of Chrysler Holding in forbearance, and Chrysler Holding agreed to pay the greater of $1.375 billion or 40% of the equity value of Chrysle

AUTOMOTIVE SUPPLIER SUPPORT PROGRAM

City State

Adjustm

Amoun

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

(1,000,00

2 4/9/2009 Wilmington DE Purchase $ 1,500,000,000 7/8/2009 3 $ (500,00

$ 5,000,000,000 

Investment 

Amount Pricing Mechanism

Adjust

Name of Institution

Adjustment 

Date

AUTOMOTIVE SUPPLIER SUPPORT PROGRAM

Footnote Date

Seller

Transaction Type

Investment 

Description 

INITIAL TOTAL ADJUSTED 

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. 

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 agr

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

4/ Does not include accrued and unpaid interest due on the amount of principal repayment, which interest must be paid at the time of principal repayment.

GM Supplier Receivables LLC

Debt Obligation w/ Additional Note N/A 

Chrysler Receivables SPV LLC

Debt Obligation w/ Additional Note N/A 
Seller 

Name of Institution City State 

1 12/31/2008 Citigroup Inc. New York NY Purchase

Trust Preferred Securities w/ Warrants 20,000,000,000 $ Par

1/16/2009 Bank of America Corporation Charlotte NC Purchase Preferred Stock w/ Warrants 20,000,000,000 $ Par

TOTAL $ 40,000,000,000

Name of Institution City State

1, 2 1/16/2009 Citigroup Inc. New York NY Guarantee

Trust Preferred Securities w/ Warrants $ 5,000,000,000

Preferred 

Stock and 

Warrants

TOTAL $ 5,000,000,000

Name of Institution City State

TARGETED INVESTMENT PROGRAM

Footnote Date 

Transaction 

Type Investment Description Investment Amount

Pricing 

Mechanism

1/ Treasury has three separate investments in Citigroup Inc. ("Citigroup") under CPP, TIP, and AGP for a total of $49 billion. On 6/9/2009, Treasury entered into an agreement with Citigroup to exchange all of Treasury’s investments. On 7/30/2009, Treasury exchanged all o

ASSET GUARANTEE PROGRAM

Footnote Date

Seller Transaction 

Type Investment Description Guarantee Limit

Premium 

Received

1/ In consideration for the guarantee, Treasury received $4.03 billion of preferred stock, which pays 8% interest.2/ Treasury has three separate investments in Citigroup Inc. ("Citigroup") under CPP, TIP, and AGP for a total of $49 billion. On 6/9/2009, Treasury entered into an agreement with Citigroup to exchange all of Treasury’s investments. On 7/30/2009, Treasury exchanged all o

Securities. 

CONSUMER AND BUSINESS LENDING INITIATIVE INVESTMENT PROGRAM

Footnote Date

Seller Transaction 

Type Investment Description Investment Amount

Pricing 

Mechanism

1 3/3/2009 TALF LLC Wilmington DE Purchase Debt Obligation w/ Additional Note $ 20,000,000,000 N/A

TOTAL $ 20,000,000,000

Seller 

Name of Institution City State 

Transaction 

Type Investment Description Investment Amount

Pricing 

Mechanism Transaction Type 

11/25/2008 AIG New York NY Purchase Preferred Stock w/ Warrants 40,000,000,000 $ Par 4/17/2009 Exchange Preferred 

3 4/17/2009 AIG New York NY Purchase Preferred Stock w/ Warrants 29,835,000,000 $ Par 2

TOTAL $ 69,835,000,000

1/ On 4/17/2009, Treasury exchanged its Series D Fixed Rate Cumulative Preferred Shares for Series E Fixed Rate Non-Cumulative Preferred Shares with no change to Treasury's initial investment amount. In addition, in order for AIG to fully redeem the Series E Preferred and including the exchange date.2/ The investment price reflects Treasury's commitment to invest up to $30 billion less a reduction of $165 million representing retention payments AIG Financial Products made to its employees in March 2009.3/ This transaction does not include AIG's commitment fee of an additional $165 million scheduled to be paid from its operating income in three equal installments over the five-year life of the facility.1/ The loan was funded through TALF LLC, a special purpose vehicle created by The Federal Reserve Bank of New York. The amount of $20,000,000,000 represents the maximum loan amount. The loan will be incrementally funded.

SYSTEMICALLY SIGNIFICANT FAILING INSTITUTIONS

Footnote Date 

Purchase Details 

 Date Inv
Footnote Date Seller

Transaction 

Type Investment Description 

Investment 

Amount

Name of Institution City State

1 9/30/2009 UST/TCW Senior Mortgage Securities Fund, L.P. Wilmington DE Purchase Membership Interest $1,111,111,12 9/30/2009 UST/TCW Senior Mortgage Securities Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds $2,222,222,2

1 9/30/2009 Invesco Legacy Securities Master Fund, L.P. Wilmington DE Purchase Membership Interest $1,111,111,12 9/30/2009 Invesco Legacy Securities Master Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds $2,222,222,21 10/1/2009 Wellington Management Legacy Securities PPIF Master Fund, LP Wilmington DE Purchase Membership Interest $1,111,111,12 10/1/2009 Wellington Management Legacy Securities PPIF Master Fund, LP Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds $2,222,222,21 10/2/2009 AllianceBernstein Legacy Securities Master Fund, L.P. Wilmington DE Purchase Membership Interest $1,111,111,12 10/2/2009 AllianceBernstein Legacy Securities Master Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds $2,222,222,21 10/2/2009 Blackrock PPIF, L.P. Wilmington DE Purchase Membership Interest $1,111,111,12 10/2/2009 Blackrock PPIF, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds $2,222,222,21 10/30/2009 AG GECC PPIF Master Fund, L.P. Wilmington DE Purchase Membership Interest $1,111,111,12 10/30/2009 AG GECC PPIF Master Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds $2,222,222,2

$

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

1 11/4/2009 RLJ Western Asset Public/Private Master Fund, L.P. Wilmington DE Purchase Membership Interest $1,111,111,12 11/4/2009 RLJ Western Asset Public/Private Master Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds $2,222,222,21 11/25/2009 Marathon Legacy Securities Public-Private Investment Partnership, L.P. Wilmington DE Purchase Membership Interest $1,111,111,12 11/25/2009 Marathon Legacy Securities Public-Private Investment Partnership, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds $2,222,222,2

TOTAL $26,666,666,6

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
Servicer Modifying Borrowers' Loans

Name of Institution City State 

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

 $ 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/A4/13/2009 Select Portfolio Servicing Salt Lake City UT Purchase Financial Instrument for Home Loan Modifications

 $ 2,873,000,000 N/A

4/13/2009 GMAC Mortgage, Inc. Ft. Washington PA Purchase Financial Instrument for Home Loan Modifications $ 633,000,000 N/A4/13/2009 Wells Fargo Bank, NA Des Moines IA Purchase Financial Instrument for Home Loan Modifications

 $ 407,000,000 N/A

4/16/2009 Ocwen Financial Corporation, Inc. West Palm Beach FL Purchase Financial Instrument for Home Loan Modifications $ 659,000,000 N/A4/13/2009 Saxon Mortgage Services, Inc. Irving TX Purchase Financial Instrument for Home Loan Modifications

 $ 798,900,000 N/A

4/17/2009 Countrywide Home Loans Servicing LP Simi Valley CA Purchase Financial Instrument for Home Loan Modifications $ 1,864,000,000 N/A4/17/2009 Bank of America, N.A. Simi Valley CA 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/A4/20/2009 Home Loan Services, Inc. Pittsburgh PA Purchase Financial Instrument for Home Loan Modifications

$ N/A 156,000,000

4/27/2009 Carrington Mortgage Services, LLC Santa Ana CA Purchase Financial Instrument for Home Loan Modifications 195,000,000 $ N/A4/24/2009 Green Tree Servicing LLC Saint Paul MN Purchase Financial Instrument for Home Loan Modifications

$ N/A 798,000,000

5/28/2009 Nationstar Mortgage LLC Lewisville TX Purchase Financial Instrument for Home Loan Modifications 101,000,000 $ N/A

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

6/12/2009 Residential Credit Solutions Fort Worth TX Purchase Financial Instrument for Home Loan Modifications 19,400,000 $ N/A 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/A6/19/2009 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/A6/26/2009 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 

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 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 
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

8/28/2009 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 

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 

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/A10/14/2009 Mortgage Clearing Corporation Tulsa OK Purchase Financial Instrument for Home Loan Modifications 4,860,000 $ N/A10/21/2009 United Bank Mortgage Corporation Grand Rapids MI Purchase Financial Instrument for Home Loan Modifications 410,000 $ N/A10/23/2009 Bank United Miami Lakes FL Purchase Financial Instrument for Home Loan Modifications 93,660,000 $ N/A10/23/2009 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 $ N/A ,00010/28/2009 Members Mortgage Company, Inc Woburn MA Purchase Financial Instrument for Home Loan Modifications 510,000 $ N/A10/30/2009 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/A11/18/2009 QLending, Inc. Coral Gables FL Purchase Financial Instrument for Home Loan Modifications 20,000 $ 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

11/25/2009 Marix Servicing, LLC Pheonix AZ Purchase Financial Instrument for Home Loan Modifications 20,360,000 $ N/A11/25/2009 Home Financing Center, Inc Coral Gables FL Purchase Financial Instrument for Home Loan Modifications 230,000 $ N/A11/25/2009 First Keystone Bank Media PA Purchase Financial Instrument for Home Loan Modifications 1,280,000 $ N/A

Total Initial Cap $ 23,556,670,000 

TOTAL CAP 

Total 

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 servicThe 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 Det2/ 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. 
U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending November 30, 2009

Type of Expense/Liability Amount 

None

Note: Treasury interprets this reporting requirement as 

applicable to costs and liabilities related to insurance contracts 

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

and the single insurance contract with Citigroup is structured 

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

anticipated cash inflows of the contract slightly exceed 

anticipated cash outflows.
U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending November 30, 2009

Type of Expense Amount

Compensation for financial agents 

and legal firms $145,026,557
U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending November 30, 2009

Date Vehicle Description

None