Troubled Assets Relief Program (TARP)

Monthly 105(a) Report – May 2010

June 10, 2010

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

Section Key Developments ..................................................................................................................Projected Cost Assessments for TARP ........................................................................................................Where is TARP Money Going? .......................................................................................................................Program Updates .....................................................................................................................

• Dividends, Interest and Other Income Received • Capital Purchase Program • Automotive Industry Financing Program • Home Affordable Modification Program • Consumer and Bank Lending Initiatives • Bank Lending and Intermediation Surveys • Congressional Hearings 

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

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

Appendix 2 – Making Home Affordable Servicer Performance Report Appendix 3 – Financial Statement
Monthly 105(a) Report 

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

The Troubled Assets Relief Program or TARP was established by Treasury pursuant to the Emergency Economic EESA. This law was adopted on October 3, 2008 in response to the severe financial crisis facing our country. To developed a number of programs under TARP to stabilize our financial system and housing market, which, together and Reinvestment Act, laid the financial foundation for economic recovery. In December 2009, the Secretary of the Trof TARP authority until October 2010 as permitted under the law, and outlined a strategy for going forward that balancthreats to the financial system that could undermine economic recovery with the need to exercise fiscal discipline taxpayers. On May 21, 2010, Treasury notified Congress that the projected cost of the TARP has decreased by $11.4 billion t2011 President’s Budget. As recently as the Midsession Review released last August, the Administration estimated the billion.1 (See “Projected Cost Assessments for TARP” below.) 

Previously, Secretary of the Treasury Geithner had provided an update on TARP to Congress in April 2010 that, among 

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

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

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

authorized, and expects to recover all but $117 billion (subsequently revised to $105.4 billion) of that amount.3

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

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

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

1 More information is available at: http://www.FinancialStability.gov/latest/pr_05212010b.html 2 A copy of the letter is available at: http://www.FinancialStability.gov/docs/EESA%20Update%20-%20TFG%20to%20Congress%20042310.pdf 3 Represents the deficit impact of TARP. 
Monthly 105(a) Report 

Key Developments The following key developments took place during May 2010 under existing TARP programs: • Total TARP repayments have reached approximately $194 billion, more than half of current total disbursements of 

• Cumulative TARP investment proceeds are more $23 billion. • Under the Capital Purchase Program (CPP): 

3⁄4 Treasury conducted auctions for the warrants issued by Wells Fargo, Comerica, and Valley National wit

approximately $849 million, $183.67 million, and $5.57 million, respectively. 

3⁄4 Treasury completed the sale of 1.5 billion shares of common stock in Citigroup, Inc. (Citigroup), approximately 

common stock holdings, for proceeds of approximately $6.18 billion at a weighted average price per share of $

entered into a second pre-arranged written trading plan with its sales agent that provides discretionary authorit1.5 billion additional shares under certain parameters. 

• Under the Automotive Industry Financing Program (AIFP): 

3⁄4 Treasury received a $1.9 billion repayment from CGI Holding LLC, the owner of both Chrysler Financial and C

Chrysler”), as settlement of a loan made in early 2009 to finance Old Chrysler, the automobile company. This than face value, is significantly more than Treasury had previously estimated to recover.

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

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

3⁄4 Through April 2010, almost 300,000 homeowners have permanent modifications, an increase of 13% from Marc

3⁄4 Borrowers in permanent modifications are experiencing a median payment reduction of 36%, more than $500 p

3⁄4 The April HAMP report contained new information about servicer-specific conversion rates to permanent modific

performance in giving homeowners timely decisions. 
Monthly 105(a) Report 

Projected Cost Assessments for TARPThe total cost of all TARP programs is significantly less than expected as result of careful stewardship and improve

January 2009, Treasury has taken steps to dramatically bring down the cost of TARP. 

• On May 21, 2010, Treasury notified Congress that the projected cost of the TARP has decreased by $11.4 b

since the FY 2011 President’s Budget. As recently as the Midsession Review released last August, the Admincost of TARP would be $341 billion. 

• The decreases in total costs are primarily a result of appreciation in the value of the 7.7 billion shares of Citigrou

by Treasury. In addition, the estimated value of Treasury’s AIFP investments has increased as the outlautomobile industry has improved. Lastly, the estimated cost related to AIG has decreased by $2.9 billion company have improved. Remaining TARP costs are derived from homeowner relief programs as well as the athe automotive industry and AIG. Programs that were designed to assist banking institutions will result in a net 

• As part of the Administration’s ongoing commitment to transparency regarding TARP’s cost to taxpayers, upda

will be provided four times per year. More information is available at http://www.FinancialStability.gov/ lates

which includes links to a summary of the cost estimates for TARP investments as of March 31, 2010, and methodology used for the estimates. 

Where is TARP Money Going? Although TARP authority has been extended, Treasury has notified Congress that it does not expect to use more tbillion authorized for TARP. Treasury has used this authority to make investments that have helped to stabilize confidence in the strength of our financial institutions, restart markets that are critical to financing American housprevent avoidable foreclosures in the housing market and keep people in their homes. As of May 31, 2010, approxi

planned for TARP programs, and of that amount:4

• $489.88 billion has been committed to specific institutions under signed contracts. • $383.52 billion has been paid out by Treasury under those contracts. 

A large part of the total investments to date occurred in 2008 under the Capital Purchase Program. The commit

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

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

Modification Program, the Legacy Securities Public-Private Investment Program, the Automotive Industry Financprograms described in this report (and Appendix 1). Taxpayers can track progress on all of the financial stability programs and investments, as well as repayme

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

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

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

as of May 31, 2010. Figure 2 shows the planned TARP investments by program as of May 31, 2010. Figure 1: TARP Summary through May 2010 ($ billions)

Repayme

Capital Purchase Program $ 204.89 $ 204.89 $ 204.89 $ 1

Citigroup repayment* $ 

Targeted Investment Program $ 40.00 $ 40.00 $ 40.00 $ Asset Guarantee Program $ 5.00 $ 0.00 $ 0.00 $ Consumer and Business Lending Initiative** $ 52.00 $ 20.12 $ 0.16 $ 

Legacy Securities Public-Private Investment Program $ 30.00 $ 30.36 $ 11.05 $ 

AIG $ 69.84 $ 69.84 $ 47.54 $ 

Auto Industry Financing Program $ 84.84 $ 84.84 $ 79.69 $ 

Home Affordable Modification Program*** $ 50.00 $ ** 39.82 * $ ** 0.19 * $ 

 Totals $536.58 ** $489.88 $383.52 $1

** $52 billion has been reserved for the Consumer and Business Lending Initiative, of which $20 billion has been allocated to the Term Asset-Backed Securities Lending Facility. While $30 lending program, the Treasury has proposed creating a $30 billion Small Business Lending Fund separate from TARP through legislation. Not more than $1 billion is planned for the Small BusPurchase Program and not more than $1 billion is planned for the Community Development Capital Initiative.*** In Figure 1, TARP funds for the Home Affordable Modification Program do not include $1.26 billion to offset costs of program changes for the "Helping Families Save Their Homes Act of 2009relating to the Special Inspector General for the TARP ($15 million). Including the foregoing, as of May 31, 2010, total TARP commitments and amounts paid out as adjusted were $41.08 billion a

Planned 

Investments

Commitments Total Disbursed

* Represents repayment amount from $6.18 billion of proceeds.
Monthly 105(a) Report 

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

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

CPP

$205 

AIFP

$85 

AIG

$70 

CBLI

$52 

HAMP

$50 

TIP

$40 

PPIP

$30 

AGP

$5 

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

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

‐$$

$

$$$$$$4$4$

‐$20

$0

$20$40$60$80

$100$120$140$160$180

Billions

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

Program Updates Dividends, Interest and Other Income Received

Most of the TARP money has been used to make investments in preferred stock or loans of financial institutions.5

• In May, Treasury received approximately $687.66 million in dividends, interest and distributions from TARP inv

$1.04 billion in gross proceeds from CPP warrant sales. 

• Cumulative proceeds from TARP investments are more than $23 billion, consisting of $16 billion of dividends, int

income, and $7 billion of warrant sales from CPP and the Targeted Investment Program (TIP) investments. 

Figure 4 shows total income from dividends, interest and distributions, other investments and from warrant sales in all TFigure 4: Total dividends, warrant proceeds and other income from TARP investments through May 2010 ($ bi

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

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

CPP

$10.68 

Other 

Income

$0.14 

CPP & TIP 

Warrant 

Dispositions

$7.02 

AGP

$0.37 

AIFP

$2.12 

PPIP

$0.07 

TIP

$3.00 
Monthly 105(a) Report 

Capital Purchase Program

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

throughout the nation. This program is now closed, and of the approximately $205 billion invested, more than $137 biand Treasury expects the program will result in a positive return for taxpayers. Further information on the Capital Purc

Appendix 1 and at http://www.FinancialStability.gov/roadtostability/ capitalpurchaseprogram.html. Figure 5 shows the 

program inception. Proceeds from the repurchases of securities acquired from an exercised warrant are included as warrants. Figure 5: CPP Snapshot since inception 

Number of Institutions 707 * Total Dividends and Interest $9.37 Amount Invested $205 billion May Dividends and Interest $362.27 million

Largest Investment $25 billion Total Fee Income $13 

Smallest Investment $301,000

Total Warrant Income $7.02 

 Number of Institutions 56 CPP Repurchase Amount $2.94 billion

Total Repayments $137.27 billion CPP & TIP Auction Amount $4.07 billionCitigroup Repayment $4.88 billion **

Citigroup Income** $1.31 

 Number of Institutions Fully Repaid: 71 Number of Institutions Partially Repaid: 9 CPP Total Income $17.7

***Includes TIP warrants and proceeds from exercised 

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

**Represents repayment and income, respectively, from $6.18 billion of proceedsCPP RepaymentsCPP Cumulative Investments CPP Income to Treasury

Repayments Seventy-one (71) of the banks that received investments under CPP have repaid Treasury in full. Treasury continues regulators who must evaluate requests from CPP participants interested in repaying Treasury’s investment. Citigroup Common Stock Disposition 

Pursuant to the June 2009 Exchange Agreement between Treasury and Citigroup, which was part of a series of exCitigroup to strengthen its capital base, Treasury exchanged the $25 billion in preferred stock it received in connection in the Capital Purchase Program for common stock at a price of $3.25 per common share for approximately 7.7 billioentered into a pre-arranged written trading plan with Morgan Stanley & Co. Incorporated (Morgan Stanley) as its sales authority to sell up to 1.5 billion shares of common stock under certain parameters during the period ending on June 
Monthly 105(a) Report 

Treasury completed the sale of 1.5 billion shares of Citigroup common stock, approximately 19.5% of its common st$6.18 billion at a weighted average price of $4.1217. Treasury then entered into a second pre-arranged written trading provides discretionary authority for the sale up to 1.5 billion additional shares under certain parameters. Because 

during the blackout period set by Citigroup in advance of its second quarter earnings release, which period is expectewill terminate on June 30 even if all shares have not been sold at that time. To enable these sales, Citigroup filed a proSecurities and Exchange Commission covering Treasury’s common stock. These sales of common stock do not in

Citigroup trust preferred securities or warrants for common stock. 

Warrant Auctions In April, Treasury announced its intention to conduct public auctions to dispose of warrant positions in Wells Fargo & 

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

conducted the auction for the warrants issued by PNC, and in May, Treasury conducted auctions for the warrants issue

• Wells Fargo & Co. with gross proceeds of $849.01 million. 

• Comerica Inc. with gross proceeds of $183.67 million. • Valley National Bancorp with gross proceeds of $5.57 million. 

CPP Dividends and Interest Cumulative dividends and interest received from CPP investments through month-end together was approximately $9.3

• The TARP Dividends & Interest Report through May 2010, a quarterly payment month for CPP banks,6 shows t

approximately $358.89 million in dividend and interest payments from 532 banks. 

• Ninety-seven (97) institutions missed payments for that period, excluding the four institutions that have e

receivership, consisting of 72 cumulative dividend payments (approximately $43.02 million), nineteen nonpayments (approximately $1.81 million), and six S-corporation interest payments (approximately $1.32 million). sixteen banks have missed four payments, eight banks have missed five and one bank has missed six.7

6 Treasury’s Dividends and Interest Reports for TARP programs are available at http://www.FinancialStability.gov/latest/reportsanddocs.html. 7 Figures exclude institutions that have entered bankruptcy or had a bank subsidiary placed in receivership.
Monthly 105(a) Report 

Exchange for Other Securities; Disposition; Receivership The overriding objective of EESA was to “restore liquidity and stability to the financial system of the United States” in overall returns to the taxpayers.” Consistent with the statutory requirement, Treasury’s four portfolio management gu

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

disruption of financial markets and the economy; (iii) bolster market confidence to increase private capital inveinvestments as soon as practicable, in a timely and orderly manner that minimizes financial market and economic impato protect the taxpayers’ interest in the value of the CPP investment and promote financial stability, Treasury may parpreferred stock for other securities or may participate in a direct disposition of the CPP investment to new investors wequity investment, conduct a capital restructuring or otherwise strengthen the capital position of the bank. 

• The South Financial Group, Inc, SC. On May 18, 2010, Treasury entered into an agreement with The Toront

Bank) for the sale of all preferred stock and warrants issued by The South Financial Group, Inc. (TSFG) to Trprice of $130.18 million for the preferred stock and $400,000 for the warrants. Completion of the sale is subjecertain closing conditions. Treasury’s original $347 million investment in TSFG was made in 2008. 

• Midwest Bank Holding (Midwest), IL. The banking subsidiary of Midwest, in which Treasury had exchanged its 

($84.8 million in initial investment plus $4.3 million in unpaid and accrued dividends) into $89.1 million of m

preferred stock (MCP), was placed in receivership by its banking regulator. Treasury had participated in the Midwest’s overall capital plan under which Midwest had sought to exchange its existing preferred stock and das well as raise new equity. Treasury’s conversion to MCP did not affect its position in the capital structure. The 

adequately recapitalize means that following receivership, it is unlikely that Treasury will receive any significant 

Home Affordable Modification Program

On May 17, 2010, Treasury and the Department of Housing and Urban Development (HUD) released April da

Modification Program showing, among others, that: 

• Permanent modifications have been made to almost 300,000 homeowners, and over 68,000 trial modif

permanent modifications in April, an increase of almost 13% from March. 

• More than 1.2 million homeowners have started trial modifications and almost 1.5 million offers for trial mo

extended to borrowers. 

• Borrowers in permanent modifications are experiencing a median payment reduction of 36%, more th

Homeowners in trial and permanent modifications have had a reduction of over $3.1 billion in monthly maggregate. 
Monthly 105(a) Report 

• In order to comply with Treasury guidelines that take effect on June 1st, in March 2010, servicers beg

documentation from borrowers prior to initiating new trial modifications. 

• New in the April HAMP report is information about servicer-specific conversion rates to permanent modif

performance in giving homeowners timely decisions. (See “Servicer Performance” below.) 3⁄4 The servicer-specific data shows a wide variation in conversion rates as measured against trials eligible to c

who started trials with verified documents generally posted higher conversion rates than servicers who alloenter trials with stated income. Using stated income upon trial starts, the four largest participating servicerrates below 30%. 

Servicer Performance On May 11, 2010, as part of a continued effort to improve servicer performance, the Administration hosted a summparticipating mortgage servicing companies to discuss ways to move qualified homeowners into permanent modificaHAMP experience, quickly implement the Second Lien Modification Program (2MP) and Home Affordable Foreclosumaintain the pace of new trial modification starts. The Administration also outlined for servicers its plans to begin reporting more detailed performance measures. By include the eight largest servicers and will focus on servicer compliance, program execution, and homeowner experienfollowing: 

• Servicer Compliance with Program Guidelines

3⁄4 Results of servicer-level loan-file reviews assessing whether loan files were appropriately evaluated 3⁄4 Identification of all compliance activities performed for servicers and of areas for future compliance focus 

• Program Execution

3⁄4 Average time from start of trial modification to start of permanent modification 

3⁄4 Servicer implementation timelines for program updates 3⁄4 Information about alternatives made available to homeowners ineligible for HAMP 3⁄4 Information about alternatives made available to homeowners who fall out of HAMP trial modifications, su

modifications, payment plans, and short sales 
Mo t n hly 105(a) Report 

• Homeowner Experience

3⁄4 Servicer handling of calls from homeowners (speed to answer, hang-up rates) 3⁄4 Time it takes to resolve homeowner problems that have been reported by third parties such as housing cou

and congressional and other government offices 

3⁄4 Servicer share of homeowner complaints to the Homeowner’s HOPETM Hotline 

Temporary Assistance for Unemployed Homeowners While They Search for Re-Employment On May 11, 2010, Treasury released Supplemental Directive (SD) 10-04 - Home Affordable Unemployment Pro

program to HAMP that provides assistance to unemployed borrowers, as implementation of a HAMP program enhance

• The Unemployment Program requires servicers to grant qualified unemployed borrowers a forbearance 

mortgage payments temporarily reduced for a minimum of three months while they look for a new job. If a hom

a job before the temporary assistance period is over or if they find a job with a reduced income, they wpermanent HAMP modification or may be eligible for HAMP’s alternatives to the foreclosure program. 

• Servicers are prohibited from initiating foreclosure action or conducting a foreclosure sale while the borrower 

UP, after a foreclosure plan notice is mailed, during the UP forbearance or extension, and while the borrower or participating in HAMP or HAFA following the UP forbearance period. Servicers will not be reimbursed by thassociated with the UP, and there will be no cost to government or taxpayers from the forbearance plans. 

Updates to Servicer Certification Requirements In May, Treasury’s compliance agent, Fannie Mae, informed servicers, all of whom are required per their Servicer Partsubmit annual certifications stating their continued compliance with the HAMP program terms, that Treasury is in 

certification requirements, and clarified the reporting period and deadlines for such certifications. The submission datSPA signed on or before October 31, 2009 will be September 30, 2010 in respect of the period ending on June 30, periods for servicers who entered HAMP on later dates. Additional guidance on the revised requirements and content oto be made available soon. 

8 A listing of all Supplemental Directives, and links to PDF versions of each Supplemental Directive, can be found at https://www.hmpadmin.com/p
Monthly 105(a) Report 

Automotive Industry Financing Program

Chrysler Repayments On May 17, 2010, Treasury received a $1.9 billion payment from Chrysler Holding (CGI Holding LLC) as settlement of 

finance Chrysler LLC, the “Old Chrysler” automobile company. This repayment, while less than face value, is significapreviously estimated to recover and is greater than an independent valuation of the loan provided by Keefe, Bruyadviser for the transaction. 

• The loan was originally made in January 2009 to Chrysler Holding, the parent company of Old Chrysler and Ch

amount of $4 billion. The loan went into default when Old Chrysler filed for bankruptcy in April 2009. The loan million in June 2009, when Chrysler Group LLC (New Chrysler) acquired assets of Old Chrysler pursuant proceeding, and New Chrysler assumed that amount of the debt. 

• The loan also provided for potential recoveries from Chrysler Financial consisting of the greater of $1.375 

distributions that Chrysler Financial made to Chrysler Holding. Because of the uncertainty regarding the amoincome distributions by Chrysler Financial that would be applied to the loan, Treasury had not expected a maloan. 

• Treasury’s investments in New Chrysler were not affected by the repayment. Those investments consist of 9.9 

and $7.1 billion of loans (including undrawn commitments and the $500 million assumed from Chrysler Holding)

Also in May, Treasury received a payment of $30.54 million as result of the sale of specific collateral associated with thOn April 30, 2010, following the bankruptcy court’s approval of the Old Chrysler Plan of Liquidation, the $1.9 billion dextinguished and the assets remaining with Old Chrysler, including collateral security attached to the loan, were tranTreasury retained the right to recover the proceeds from the liquidation of the specified collateral, but does not expect a liquidation proceeds. Ally Financial Inc./GMAC 

• On May 26, 2010, Treasury announced the appointment of Marjorie Magner to the Ally Financial Inc. (form

Services Inc.) board of directors, as the first of two additional directors that Treasury has the right to appoint folequity ownership by Treasury from the December 30, 2009 transactions. 

• Treasury received a $310.38 million quarterly dividend payment from Ally Financial Inc. (Ally) in respect of 

Stock and Trust Preferred Securities investments. 
Monthly 105(a) Report 

Consumer and Business Lending Initiatives

Community Development Capital InitiativeTreasury has released the final program terms, and as of June 4, 2010 the definitive forms of agreements9, for the Com

Initiative (CDCI), to invest lower-cost capital in Community Development Financial Institutions (CDFIs) that operate 

traditional financial institutions. CDFIs are banks, thrifts, bank holding companies, savings and loan holding companiesmore than 60 percent of their small business lending and other economic development activities to low- and modera

application deadline to participate in the CDCI was April 30, 2010. Initial investments are expected to be made in the foSmall Business and Community Lending Initiatives - SBA 7a Securities Purchase Program In March 2009, Treasury and the Small Business Administration announced several initiatives directed at enhancing including a Treasury program to purchase SBA-guaranteed securities (“pooled certificates”). Treasury subsequently purchase SBA-guaranteed securities from one pool assembler, and as of May 31, 2010, has agreed to purchase securities in an aggregate purchase face amount of approximately $112 million. Term Asset-Backed Securities Loan Facility (TALF) A joint Treasury-Federal Reserve program, the Term Asset-Backed Securities Loan Facility supported by TARP has sirole in enabling the securitization markets important for consumer and small business loans to improve. The TALF opthe Federal Reserve Bank of New York (FBRNY) to provide term non-recourse loans collateralized by AAA-rated asTreasury provided credit support for TALF. In March 2010, the TALF ceased making loans against collateral other thmortgage-backed securities (CMBS). The final subscription for new issue CMBS is expected in June 2010. Bank Lending and Intermediation Surveys

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

publishes the results in reports available at http://www.FinancialStability.gov/impact/surveys.htm. The reports are inten

assess the lending activities of CPP banks. The CPP Monthly Lending Report provides data on consumer lending, clending for all CPP participants. 

9 More information is available at http://www.FinancialStability.gov/roadtostability/comdev.html
Monthly 105(a) Report 

The chart below summarizes total loan activity among all CPP participants.10

Date

Number of

Respondents

Total Average

Consumer Loans

Total Average

Commercial Loans

Total Average

Loans

2/28/2009 519 $2,898,031 $2,380,691 $5,278,663/31/2009 553 $2,885,662 $2,359,016 $5,244,694/30/2009 541 $2,852,650 $2,329,536 $5,182,185/31/2009 612 $2,843,527 $2,346,620 $5,190,166/30/2009 604 $2,812,225 $2,429,930 $5,242,157/31/2009 604 $2,803,284 $2,344,395 $5,147,678/31/2009 649 $2,789,108 $2,328,433 $5,117,549/30/2009 652 $2,795,012 $2,267,421 $5,062,4310/31/2009 656 $2,769,231 $2,252,352 $5,021,5811/30/2009 658 $2,760,947 $2,238,187 $4,999,1312/31/2009 641 $939,945 $1,019,876 $1,959,821/31/2010 644 $938,918 $1,017,911 $1,956,822/28/2010 641 $922,403 $1,012,568 $1,934,972/28/2010 (Adjusted) 636 $840,467 $919,570 $1,760,033/31/2010 637 $839,961 $950,801 $1,790,76

3/31/2010 (Adjusted) 636 $830,391 $916,534 $1,746,92

Change (Feb Adjusted to Mar Adjusted) ‐1.20% ‐0.33% ‐0.74%

All CPP Recipients

The Monthly Lending and Intermediation Snapshot, which was first published in January 2009 with data from incepti

largest recipients of CPP investments, provided quantitative information on three major categories of lending – consactivities – based on banks’ internal reporting, and commentary to explain changes in lending levels for each c

contained a qualitative section that provided market color on lending demand and credit standards generally to hmeaningfully and accurately interpret the quantitative data. Beginning with the December 2009 Snapshot (released in that had repaid CPP funds in June 2009 no longer submitted data to Treasury. Consequently, Treasury will no longer 

as the reporting group will continue to contract with additional CPP repayments, and the aggregate month to mmeaningful. Treasury will continue to publish the reports and underlying data from the banks that continue to subavailable at http://www.FinancialStability.gov/impact/MonthlyLendingandIntermediationSnapshot.htm. 

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

not adjusted. The decrease in balances is reflective of the decrease in the reporting group. 
Monthly 105(a) Report 

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

Congressional Testimony During May, Treasury officials appeared at the following Congressional hearings: U.S. Senate Committee on Finance “Financial Crisis Responsibility Fee” Secretary of the Treasury, Timothy F. Geithner http://www.FinancialStability.gov/latest/tg_05042010.html

Financial Crisis Inquiry Commission “Causes of the Financial Crisis and the Case for Reform” Secretary of the Treasury, Timothy F. Geithner http://www.FinancialStability.gov/latest/pr_05062010.html

Congressional Oversight Panel “TARP and Other Assistance to AIG” Chief Restructuring Officer, Jim Millstein http://cop.senate.gov/documents/testimony-052610-millstein.pdf
Monthly 105(a) Report May 2010

Certification

As Assistant Secretary for Financial Stability at the United States Department of the Treasury, I am the official with delegated authority to approve purchases of troubled assets under the Troubled Assets Relief Program. I certify to the Congress that each decision by my office to approve purchases

of troubled assets during this reporting period was based on the office’s evaluation of the facts and circumstances of each proposed investment,

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

Act of 2008.

Herbert M. Allison, Jr.

Assistant Secretary

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

Appendix 1

Description of TARP Programs & How Treasury Exercises Its Voting Rights

Section Page

CPP....................................................................................................................... 1 

SCAP and CAP.........................................................................................................2

AGP........................................................................................................................ 3

TIP and AIG.............................................................................................................4

AIFP.......................................................................................................................5

CBLI....................................................................................................................... 8 

PPIP........................................................................................................................ 10

HAMP..................................................................................................................... 12

HFA .......................................................................................................................14 

Executive Compensation.......................................................................................... 17

How Treasury Exercises Its Voting Rights...................................................................20 
Monthly 105(a) Report May 2010

Appendix 1 – page 1

What is the Capital Purchase Program (CPP)?

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

throughout the nation. Under this program, Treasury invested in banks and other financial institutions to increase their capital. With a 

strengthened capital base, banks have an increased capacity to invest in assets, lend to businesses and consumers and to support the U.S. 

economy. The CPP investment amount was determined by the size of the bank: no less than one percent and no greater than three percent 

(five percent for small banks) of the recipient’s risk-weighted assets. 

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

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 in November 2009 and final investments

occurred in December 2009.

This program is now closed. Treasury expects the CPP will result in a positive return for taxpayers.

How does the CPP work?

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

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

The charts below show the number of banks by investment amount (left) and total CPP funds disbursed by investment amount (right).

381

271

55

0

50

100

150

200

250

300

350

400

450

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

$2.15 

$13.29 

$189.46 

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

$200

$12 million or less > $12 million - $250 million > $250 million
Monthly 105(a) Report May 2010

Appendix 1 – page 2

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. More information is available in the Warrant Disposition Report at 

http://www.financialstability.gov/docs/TARP%20Warrant%20Disposition%20Report%20v4.pdf

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

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

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

exercise, or ―stress test‖, for the largest 19 U.S. bank holding companies and a complement to the CAP.

In November 2009, Treasury announced the closure of the Capital Assistance Program. Of the 19 banks that participated in the SCAP, 18 

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

GMAC was the only financial institution not able to raise sufficient capital in the private market, and in December 2009, GMAC and Treasury 

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

Following announcement of the stress test results, the largest banking institutions raised over $140 billion in high-quality capital and over $60 

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

its function as a bridge to private capital.

How did the SCAP and the CAP work?

Federal banking supervisors conducted forward-looking assessments to estimate the amount of capital banks would need to absorb losses in a 

more adverse economic scenario and to provide the transparency necessary for individuals and markets to judge the strength of the banking 

system. Results of the stress tests were released on May 7, 2009.
Monthly 105(a) Report May 2010

Appendix 1 – page 3

Some banks were required to take steps to improve the quality and/or the quantity of their capital to give them a larger cushion to support future 

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

common equity offerings, asset sales and the conversion of other forms of capital into common equity. Banks that did not satisfy their 

requirement by using these options could request additional capital from the government through the CAP. Financial institutions had to submit a 

detailed capital plan to supervisors, who consulted with Treasury on the development and evaluation of the plan. Any bank needing to augment 

its capital buffer at the conclusion of the SCAP was required to develop a detailed capital plan in June 2009, and had until November 2009 to 

implement that capital plan.

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

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

banks that did not participate in the SCAP could have applied to their primary federal regulator to receive capital under the CAP.

What was the Asset Guarantee Program (AGP)?

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

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

and was used in conjunction with other forms of exceptional assistance.

The program is closed, and resulted in a positive return to the taxpayers. 

Who received assistance under the AGP?

Citigroup Bank of America

TARP funds were committed as a reserve to cover up to $5 billion of possible losses 

on a $301 billion pool of Citigroup’s covered assets. As a premium for the guarantee, 

Treasury received $4.034 billion of preferred stock, subsequently exchanged for trust

preferred securities, with identical terms as the securities received under the TIP, and 

Treasury also received warrants to purchase approximately 66 million shares of 

common stock at a strike price of $10.61 per share. For the period that the Citigroup 

asset guarantee was outstanding, Citigroup made no claims for loss payments to any 

federal party and consequently Treasury made no guarantee payments of TARP 

funds to Citigroup.

In 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. 
Monthly 105(a) Report May 2010

Appendix 1 – page 4

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

Federal Reserve Bank of New York (FRBNY) and Citigroup, agreed to terminate 

Citigroup's AGP agreement, pursuant to which: (1) Treasury’s guarantee commitment 

was terminated, (2) Treasury agreed to cancel $1.8 billion of the trust preferred 

securities issued by Citigroup from $4.034 billion to $2.234 billion for early termination 

of the guarantee, (3) the FDIC and Treasury agreed that, subject to certain 

conditions, the FDIC would transfer up to $800 million of trust preferred securities to 

Treasury at the close of Citigroup’s participation in the FDIC’s Temporary Liquidity 

Guarantee Program, and (4) Citigroup agreed to comply with the determinations of 

the Special Master for TARP Executive Compensation as if its obligations related to 

exceptional financial assistance had remained outstanding through December 31, 

2009 and (in addition to compliance with the executive compensation provisions of 

EESA’s Section 111, as amended) to permit, for 2010, the Federal Reserve Board of 

Governors, in consultation with the Office of the Comptroller of the Currency and the 

FDIC, to review the actual incentive compensation arrangements for Citigroup’s top 

30 earners to be sure they comport with the Board of Governors’ incentive 

compensation principles as set forth in the Board of Governors’ guidance.

In September 2009, Treasury, the Federal 

Reserve and Bank of America agreed to 

terminate the asset guarantee arrangement 

announced in January 2009. In connection 

with that termination and in recognition of 

the benefits provided by entering into the 

term sheet for such arrangement, Bank of 

America paid the U.S. government $425 

million, including $276 million to Treasury.

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

Pursuant to EESA, Treasury has provided exceptional assistance on a case-by-case basis in order to stabilize institutions that were considered 

systemically significant to prevent broader disruption of financial markets.

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

How did the TIP work?

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

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

investments in these banks.

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

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

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

Citigroup under the TIP. The Bank of America TIP warrants were sold in a public auction.

The program is closed, and Treasury expects it will result in a positive return for taxpayers. 
Monthly 105(a) Report May 2010

Appendix 1 – page 5

How does the AIG Investment work?

The Federal Reserve loans to AIG were carried out through the Federal Reserve Bank of New York (―FRBNY‖) under section 13(3) authority of the 

Federal Reserve Act to lend on a secured basis under ―unusual and exigent‖ circumstances to companies that are not depository institutions:

In September 2008, the FRBNY provided an $85 billion credit facility to AIG, subsequently reduced to $60 billion, and received shares which 

currently have approximately 79.8% of the voting rights of the common stock in AIG. The FRBNY created a trust to hold the shares that exists 

for the benefit of the U.S. Treasury – but, the Department of the Treasury does not control the trust and cannot direct its trustees.

In December 2009, the Federal Reserve received preferred equity interests in two special purpose vehicles (―SPVs‖) formed to hold the 

outstanding stock of AIG’s largest foreign insurance subsidiaries, American International Assurance Company (―AIA‖) and American Life 

Insurance Company (―ALICO‖), in exchange for a $25 billion reduction in the balance outstanding and maximum credit available under AIG’s 

revolving credit facility with the FRBNY. The transactions positioned AIA and ALICO for initial public offerings or sale. 

Treasury’s investment in AIG was made under EESA authority:

In November 2008, Treasury purchased $40 billion in Series D preferred stock from AIG, subsequently exchanged in April 2009, for face value 

plus accrued dividends, into $41.6 billion of Series E preferred stock. 

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

additional shares of Series F preferred stock to Treasury. The Series E and Series F preferred stock pay a non-cumulative dividend of ten

percent per year.

As of May 31, 2010, AIG has drawn $7.54 billion from the equity capital facility.

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

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

What is the Automotive Industry Financing Program (AIFP)?

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

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

the economy. Short-term funding was initially provided to General Motors (GM) and Chrysler on the condition that they develop plans to achieve 

long-term viability. In cooperation with the Administration, GM and Chrysler developed satisfactory viability plans and successfully conducted 

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.

 

1

 More information is available at http://www.FinancialStability.gov/latest/tg_04012010.html
Monthly 105(a) Report May 2010

Appendix 1 – page 6

Treasury has provided approximately $80 billion in loans and equity investments to GM, GMAC (now known as Ally Financial Inc.), Chrysler, 

and Chrysler Financial. The terms of Treasury’s assistance impose a number of restrictions including rigorous executive compensation 

standards, limits on the institution’s luxury expenditures and other corporate governance requirements (e.g., the requirement that their 

compensation committees be composed solely of independent directors).

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

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

As scheduled, the ASSP closed in April 2010 after full repayment of all loans provided under the program.

Chrysler

In January 2009, Treasury loaned $4 billion to Chrysler to give it time to implement a viable restructuring plan. On March 30th, the 

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

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

course of action for its stakeholders.

Treasury continued to support Chrysler as it formed an alliance with Fiat. In May and June 2009, Treasury (i) provided an additional $1.9 billion 

to Chrysler LLC (Old Chrysler) under a debtor-in-possession financing agreement for assistance during its bankruptcy proceeding, (ii) provided a 

$6.6 billion loan commitment to Chrysler Group LLC (New Chrysler) and (iii) received a 9.9% equity ownership in New Chrysler.

With respect to Old Chrysler, on April 30, 2010, following the bankruptcy court’s approval of a Plan of Liquidation, the $1.9 billion debtor-inpossession loan was extinguished and the assets remaining with Old Chrysler, including collateral security attached to the loan, were 

transferred to a liquidation trust. Treasury retained the right to recover the proceeds from the liquidation of the specified collateral, but does not 

expect a significant recovery from the liquidation proceeds.

With respect to the original $4 billion loan made to CGI Holding LLC, the owner of Chrysler Financial and Old Chrysler, (i) the loan went into 

default when Old Chrysler filed for bankruptcy in April 2009, (ii) $500 million of debt was assumed by New Chrysler in July 2009, and (ii) 

Treasury accepted a settlement payment of $1.9 billion as satisfaction in full of all existing debt obligations of CGI Holding in May 2010. The 

final repayment, while less than face value, was significantly more than Treasury had previously estimated to recover following the bankruptcy 

and greater than independent valuation of the loan provided by Keefe, Bruyette and Woods, Treasury’s adviser for the transaction.

With respect to New Chrysler, Treasury’s remaining investments consist of 9.9% of common equity and a $7.1 billion loan (including undrawn 

commitments and the $500 million assumed from Chrysler Holding).

New Chrysler currently has the following ownership: Chrysler Voluntary Employee Benefit Association (VEBA) (67.7%), Fiat (20%), Treasury 

(9.9%) and the Government of Canada (2.5%). 
Monthly 105(a) Report May 2010

Appendix 1 – page 7

Chrysler Financial

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

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

To satisfy the EESA warrant requirement, the Chrysler Financial SPV issued additional notes entitling Treasury to an amount equal to five 

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

vest on each anniversary of the transaction closing date. The loan was fully drawn by April 9, 2009.

On July 14, 2009, Chrysler Financial fully repaid the loan, including the vested additional notes and interest.

General Motors

On December 31, 2008, Treasury agreed to loan $13.4 billion to General Motors Corporation (GM or Old GM) to fund working capital. Under 

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

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

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

debtor-in-possession financing agreement to assist GM during the bankruptcy.

The new entity, General Motors Company (New GM), began operating on July 10, 2009, following its purchase of most of the assets of Old GM. 

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

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

In December 2009, New GM began quarterly repayments of $1.0 billion on its $6.7 billion loan from Treasury. And in January 2010, New GM 

and Treasury amended the loan agreement to require cash that New GM held in an escrow account to be applied to repay the loan by June 30, 

2010. After New GM repaid Treasury $1 billion on March 31, 2010, the outstanding loan balance fell to approximately $4.7 billion, all of which 

was repaid in April 2010 from the escrowed funds. 

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%). 

Ally Financial Inc./GMAC

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

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

funds to GM (one of GMAC’s owners) for the purchase of additional ownership interests in GMAC’s rights offering. GM drew $884 million under 

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

interests in GMAC. 

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

purchased $7.5 billion of convertible preferred shares from GMAC and also received warrants that Treasury exercised at closing for an 
Monthly 105(a) Report May 2010

Appendix 1 – page 8

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

investments in GMAC were contemplated to enable GMAC to satisfy the SCAP requirements. 

On December 30, 2009, Treasury: 

 Invested an additional $3.8 billion in GMAC, consisting of $2.54 billion of trust preferred securities (TRUPs), which are senior to all 

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

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

 Converted $3 billion of its existing MCP, which was purchased in May 2009, into common stock;

 Exchanged $5.25 billion of preferred stock into MCP; and

 For the conversion price of the MCP to common stock, acquired a ―reset‖ for an adjustment in 2011, if beneficial to Treasury, based 

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

As a result of the December 2009 transactions, Treasury's equity ownership of GMAC increased from 35 percent to 56.3 percent and Treasury 

holds $11.4 billion of MCP and $2.7 billion of TRUPs in GMAC. Treasury has the right to appoint two additional directors to the GMAC Board of 

Directors, so that four of nine directors will be appointed by Treasury. In May 2010, Treasury announced the appointment of Marjorie Magner to 

the board of directors of Ally Financial Inc. (formerly GMAC Financial Services Inc.)

Ally Financial Inc. remains subject to the executive compensation and corporate governance requirements of Section 111 of EESA, as 

amended, and to the oversight of the Special Master for TARP Executive Compensation.

Consumer and Business Lending Initiatives

What is the Community Development Capital Initiative (CDCI)?

Treasury has released the final program terms and forms of agreements for the new Community Development Capital Initiative, originally 

announced in October 2009, to invest lower-cost capital in Community Development Financial Institutions (CDFIs) that operate in markets 

underserved by traditional financial institutions. CDFIs are banks, thrifts, bank holding companies, savings and loan holding companies and credit 

unions that target more than 60 percent of their small business lending and other economic development activities to low- and moderate-income

communities.

Investments under the CDCI are expected to begin following receipt of applications, which were due by April 30, 2010. Key program terms include:

CDFIs will be eligible to receive capital investments of up to 5 percent of risk-weighted assets (3.5 percent of total assets for credit unions).

CDCI participants will pay dividends to Treasury at a rate of 2 percent per annum, compared to the 5 percent under the CPP, increasing to 9 

percent after eight years.
Monthly 105(a) Report May 2010

Appendix 1 – page 9

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

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

so long as it can raise enough private capital that – when matched with Treasury capital up to 5 percent of risk-weighted assets (RWA) – it can 

reach viability. 

CDFIs participating in the Capital Purchase Program are eligible to exchange the CPP investment into the CDCI program.

CDFIs that participate in the program will not be required to issue warrants so long as they receive $100 million or less in total TARP funding.

Additional details are available at http://www.FinancialStability.gov/roadtostability/comdev.html 

What is the Small Business and Community Lending Initiative – SBA 7a Securities Purchase Program?

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

to help small businesses recover and grow, including a program to purchase SBA guaranteed securities (―pooled certificates‖). Treasury has 

developed a pilot program to purchase SBA guaranteed securities from one pool assembler, which began operations in March 2010.

Additional details are available at http://www.FinancialStability.gov/roadtostability/smallbusinesscommunityinitiative.html

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

The Term Asset-Backed Securities Loan Facility is a lending facility operated by the Federal Reserve Bank of New York. The FRBNY provided

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 provided credit support for TALF as part of Treasury’s Consumer and Business Lending Initiative.

Under TALF, investors requested the FRBNY to make loans secured by eligible consumer ABS, small business ABS, or commercial mortgage 

backed securities (CMBS) on fixed days each month. Assuming that the borrower and the security (ABS or CMBS) it planned to pledge as 

collateral met FRBNY’s requirements, the investor received the requested funding. Most borrowers used 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 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.
Monthly 105(a) Report May 2010

Appendix 1 – page 10

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

30, 2010.

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

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

commercial and non-agency residential mortgage-backed securities (MBS) markets, helping banks and other financial institutions re-deploy 

capital and extend new credit to households and businesses. Both residential and commercial MBS are pools of mortgages bundled together by 

financial institutions. Rights to receive a portion of the cash generated by the pools are sold as securities in the financial markets, in the same 

way a stock or bond would be sold in financial markets. The term ―legacy assets‖ generally refers to loans, asset-backed securities, and other 

types of assets that were originated or issued before the financial markets for these types of assets deteriorated significantly in 2008.

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

legacy loans that would be administered by the FDIC. 

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

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

conditions, all of which enabled Treasury to proceed with the program at a scale smaller than initially envisioned.

How does the S-PPIP work?

Treasury partners with selected fund managers to purchase commercial and non-agency residential and commercial MBS. Treasury provides 

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

to be $1.11 billion and the maximum debt obligation to a PPIF is expected to be $2.22 billion (before giving effect to any re-allocation of capital). 

Treasury will invest one-half of the total equity committed to the partnership; the remainder must be raised by the fund manager from private 

sector sources. Treasury's loan will earn interest and must be repaid at the end of the life of the fund.

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

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

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

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

receive matching Treasury equity and debt financing for such additional closings. 

The equity investment, together with warrants received by Treasury, ensures that if these PPIFs perform well, the U.S. Treasury, and thus the 

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

Treasury carefully designed the S-PPIP terms to protect the interests of taxpayers. Fund managers may not acquire assets from or sell assets 

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

raised by such fund manager. Fund managers must submit regular monthly reports about assets purchased, assets disposed, asset values, 
Monthly 105(a) Report May 2010

Appendix 1 – page 11

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. 

Who are the S-PPIP Fund Managers?

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

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

AllianceBernstein, LP and its sub-advisors Greenfield Partners, LLC and Rialto Capital Management, LLC; Angelo, Gordon & Co., L.P. and GE 

Capital Real Estate; BlackRock, Inc.; Invesco Ltd.; Marathon Asset Management, L.P.; Oaktree Capital Management, L.P.; RLJ Western Asset 

Management, LP; The TCW Group, Inc., (subsequently terminated, see below); and Wellington Management Company, LLP.

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

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

trading related-services, identifying investment opportunities, and providing investment and market research and other advisory services to the 

PPIFs.

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

―Key Persons‖ responsible for making the investment decisions as set forth under the Limited Partnership Agreement for the TCW PPIF. Only 

$513 million of total capital had been funded. Treasury's debt and equity capital investments were repaid in full, and Treasury realized a positive 

return of approximately $20.6 million on its equity investment of $156.3 million. Private investors were offered the option to re-allocate their 

underfunded capital commitments and proceeds from the TCW PPIF liquidation to any of the eight other PPIFs.

In March 2010, commitments for $44.5 million in direct equity investments were reallocated from TCW PPIF investors to specific PPIF fund 

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

S-PPIP Quarterly Reports

Treasury has undertaken to publish quarterly reports with a summary of PPIP capital activity, portfolio holdings and current pricing, and fund 

performance, which are available on the FinancialStability.gov website.

The second quarterly report was issued in April 2010, (see http://www.FinancialStability.gov/docs/External%20Report%20-%2003-

10%20Final.pdf). As of March 31, 2010, the participating PPIP fund managers had raised an aggregate of $6.3 billion in private capital for the 

Public-Private Investment Funds (PPIFs). Together with equity and debt financing provided by Treasury, these PPIFs had $25.1 billion in total 

funds available to acquire legacy mortgage-backed and other asset-backed securities.
Monthly 105(a) Report May 2010

Appendix 1 – page 12

What is the Home Affordable Modification Program (HAMP)?

The Home Affordable Modification Program, part of Making Home Affordable (MHA), was first announced by the Obama Administration in 

February 2009 as part of its Financial Stability Plan.

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

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

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

documentation before the modification becomes permanent.

Homeowners participating in HAMP work with HUD-certified housing counselors and mortgage servicers. HAMP is designed to give up to 3 to 4 

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

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

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

own and hold in their portfolios (whole loans) and mortgages held in private-label securitization trusts. 

Servicers must enter into the Servicer Participation Agreements with Treasury on or before October 3, 2010. Servicers for loans that are owned 

or securitized by GSEs are required to participate in the related GSE’s HAMP for their portfolio of GSE loans. The incentives for these GSE 

HAMP modifications are funded by the related GSEs from their own resources.

Borrowers may be accepted into HAMP if a borrower has made the first trial period payment on or before December 31, 2012. Modification 

interest rates are locked for five years from the start date of the modification. Incentive payments to investors and borrowers will continue to be 

paid out over that period for up to five years, and incentive payments to servicers for up to three years. At the end of five years, the reduced 

interest rate will increase by one percent per year until it reaches the cap, which is the market rate at the time the trial period began. The 

capped rate is fixed for the life of the loan. 

What are the additional components of HAMP and MHA?

The Home Price Decline Protection Program (HPDP) is a component of HAMP, and the Second Lien Modification Program (2MP) and the 

Home Affordable Foreclosure Alternatives Program (HAFA) are components of MHA. The HPDP provides additional incentive payments for 

modifications on properties located in areas where home prices have declined. The purpose of the program is to encourage additional lender 

participation and HAMP modifications in areas hardest hit by falling home prices and ensure that borrowers in those areas have the opportunity 

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

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

when a modification has been initiated on the first lien mortgage for the same property under HAMP. 
Monthly 105(a) Report May 2010

Appendix 1 – page 13

The Home Affordable Foreclosure Alternatives Program (HAFA) simplifies and streamlines the use of short sale or deed-in-lieu options by 

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

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

HAMP Enhancements for Unemployed Homeowners and Principal Write-Downs

In March 2010, the Obama Administration announced enhancements to the Home Affordable Modification Program that will provide temporary 

mortgage assistance to some unemployed homeowners, encourage servicers to write-down mortgage debt as part of a HAMP modification, 

allow more borrowers to qualify for modification through HAMP, and help borrowers move to more affordable housing when modification is not 

possible.2 Revised Supplemental Directives to implement these enhancements to HAMP and can be found at https://www.hmpadmin.com/ 

portal/programs/directives.html .

FHA Program Adjustments to Support Refinancings for Underwater Homeowners

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

will permit participating lenders to provide additional refinancing options to homeowners who owe more than their home is worth because of 

large declines in home prices.3

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

elements for the FHA Refinance Option. 

TARP funds will be made available up to an estimated $14 billion to provide incentives to support the write-downs of second liens and 

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

Servicer performance

To ensure transparency and servicer accountability, servicer-specific results are publicly reported on a monthly basis. The report format now 

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

with the highest program activity. The MHA Monthly Servicer Performance Reports can be found at http://www.FinancialStability.gov/ 

latest/reportsanddocs.html. 

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

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

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

language translations for HAMP information and document summaries; and other web tools for borrowers.

 

2

Further information, including the HAMP Improvements Fact Sheet, is available at http://www.FinancialStability.gov/latest/pr_03262010.html

3

See the FHA Refinance Fact Sheet available at http://MakingHomeAffordable.gov/docs/FHA_Refinance_Fact_Sheet_032510%20FINAL2.pdf.
Monthly 105(a) Report May 2010

Appendix 1 – page 14

In January 2010, MHA released updated guidance for servicer documentation requirements in order to expedite conversions of current trial 

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

servicers to fully validate borrower financial information before offering a trial plan. In addition, servicers are allowed additional time in certain 

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

applications. Information on this supplemental directive can be found at http://www.FinancialStability.gov/ latest/pr_01282010.html.

Compliance and second look

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

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

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

division that conducts these compliance activities. Treasury works closely with MHA-C to design and refine the Compliance Program and 

conducts quality assessments of the activities performed by MHA-C.

MHA-C conducts four major activities through the Compliance Program: (1) on-site reviews of the servicers’ internal controls and processes; (2) 

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

testing servicers’ proprietary systems to determine if HAMP NPV requirements were appropriately implemented; and (4) targeted reviews on 

one or more specific processes or types of reviews listed above based on compliance trends, risk analysis or actual compliance activities 

results. 

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

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

requiring repayments of prior incentive payments made to servicers with respect to affected loans, or requiring additional servicer oversight.

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

http://www.makinghomeaffordable.gov.

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

What is the First HFA Hardest-Hit Fund?

In February 2010, the Obama Administration announced funding for innovative measures to help address the housing problems facing those states 

that have suffered an average home price drop of more than 20 percent from their respective peak of the housing bubble. 

$1.5 billion of investment authority under EESA will be available to work with state Housing Finance Agencies (HFAs) to tailor housing 

assistance to local needs.

California, Florida, Arizona, Michigan, and Nevada, states where house prices have fallen more than 20% from their peak are eligible for this 

funding. Funds will be allocated among eligible states according to a formula based on home price declines and unemployment.
Monthly 105(a) Report May 2010

Appendix 1 – page 15

HFAs must submit program designs to Treasury so that Treasury can evaluate the program’s compliance with EESA requirements. All funded 

program designs will be posted online.

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

modifications with principal forbearance; short sales and deeds-in-lieu of foreclosure; incentives to provide principal reduction for 

borrowers owing more than their home is now worth (negative equity); measures for unemployed homeowners to help them avoid 

preventable foreclosures; and programs that provide incentives to reduce or modify second liens.

To receive funding, programs must satisfy the requirements for funding under EESA. These requirements include that the recipient of funds 

must be an eligible financial institution and that the funds must be used to pay for programs designed to prevent avoidable foreclosures and 

other permitted uses under EESA. 

On March 5, 2010, Treasury announced the allocations of funds among the states and published guidelines for HFA proposal submissions. Set 

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

What is the Second HFA Hardest-Hit Fund?

In March 2010, the Obama Administration announced an expansion of the initiative to target additional states with high shares of their populations 

living in local areas of concentrated economic distress.

The second HFA Hardest-Hit Fund will include up to $600 million in funding for innovative measures to help families stay in their homes or 

otherwise avoid foreclosure in five states that have areas of concentrated economic distress. The $600 million in funds is equivalent on a per 

person basis to the $1.5 billion awarded in the first HFA Hardest-Hit Fund.

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

Fund targets states with the highest concentration of their population living in counties with unemployment rates greater than 12 percent, on 

Housing price 

decline from 

peak

Ratio relative 

to largest 

decline

December 

2009 

unemployment 

rate

Ratio relative 

to highest 

unemployment 

rate

Sum of ratios 

(State's 

weight)

Number of 

delinquent 

loans in Q4 

2009

Weighted 

number of 

delinquent 

loans

Weighted 

share of 

delinquent 

loans in these 

states

Allocation 

($mm)

Nevada -49.9% 1.00 13.0% 0.89 1.9 62,622 118,382 6.9% $102.8

California -38.9% 0.78 12.4% 0.85 1.6 494,640 805,978 46.6% $699.6

Florida -37.4% 0.75 11.8% 0.81 1.6 309,022 481,558 27.9% $418.0

Arizona -36.8% 0.74 9.1% 0.62 1.4 105,853 144,073 8.3% $125.1

Michigan -24.1% 0.48 14.6% 1.00 1.5 120,030 178,000 10.3% $154.5

Total $1,500.0

Housing Price Decline Unemployment
Monthly 105(a) Report May 2010

Appendix 1 – page 16

average over the months of 2009.4 The five states that will receive allocations based on this criterion are: North Carolina, Ohio, Oregon, Rhode 

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

To receive funding, programs must satisfy the requirements for funding under EESA. These requirements include that the recipient of funds 

must be an eligible financial institution and that the funds must be used to pay for programs designed to prevent avoidable foreclosures and 

other permitted uses under EESA. 

The objective of the HFA Hardest Hit Funds is to allow HFAs to develop creative, effective approaches to the housing crisis that consider local 

conditions. Treasury has outlined some of the possible types of transactions that would meet EESA requirements:

 Assistance to unemployed borrowers to help them avoid foreclosure; modifications of mortgage loans held by HFAs or other financial 

institutions or incentives for servicers/investors to modify loans; mortgage modifications with principal forbearance by paying down all or a 

portion of an overleveraged loan and taking back a note from the borrower for that amount in order to facilitate additional modifications; 

assistance with short sales and deeds-in-lieu of foreclosure to prevent avoidable foreclosures; incentives for financial institutions to writedown a portion of unpaid principal balance for homeowners with severe negative equity; or incentives to reduce or modify second liens.

Other innovative ideas and transaction types (including innovations related to the existing ―Making Home Affordable‖ programs) will be 

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

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

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

 

4

States that were allocated funds under the first HFA Hardest-Hit Fund are not eligible for the second HFA Hardest-Hit Fund. 

Economic Distress

State

State 

Population 

in 2009

Population 

Living in High 

Unemp Counties

% of State Pop 

Living in High 

Unemp Counties

% of Total Pop in 

High Unemp 

Counties 

for Top 5 States

Allocation 

Cap 

($millions)

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

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

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

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

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

Total $600

State Totals Allocation
Monthly 105(a) Report May 2010

Appendix 1 – page 17

Office of the Special Master for TARP Executive Compensation

What is the scope of the Special Master's review?

In June 2009, Treasury published the Interim Final Rule (the ―Rule‖) on TARP Standards for Compensation and Corporate Governance, 

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 financial assistance. The 

exceptional assistance recipients currently include the following firms: AIG, Ally Financial (formerly GMAC), Chrysler, and GM. Bank of America 

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

assistance programs in December 2009. As detailed below, Chrysler Financial ceased to be an exceptional assistance recipient in May 2010, 

when its remaining TARP obligations for purposes of the Rule were extinguished.

The Rule created the Office of the Special Master and provided the Special Master with specific powers designed to ensure that executive pay 

at these firms is in line with long-term value creation and financial stability. These include:

 Review of Payments: Each recipient of exceptional assistance must obtain the Special Master’s approval of compensation structures, 

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

(―Top 25‖); 

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

for all executive officers and the 100 most highly compensated employees (―Covered Employees 26 – 100‖); 

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

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

 Prior Payments: The ―lookback‖ provision (i.e., Section 111(f)) of EESA requires a review of bonuses, retention awards, and other 

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

assistance before February 17, 2009, in order for the Special Master to determine whether the payments were contrary to the public 

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

reimbursements of such payments. In March 2010, the Special Master issued a letter to 419 TARP participants together with a 

Compensation Review Data Request Form for each TARP participant to provide information to aid the Special Master in his 

administration of the lookback provision. Under the Rule, this information was required to be provided in April 2010.

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

respect to compliance with the Rule. These certifications are due within 90 days (in the case of the CEO and CFO certifications) or 120 days (in 

the case of the compensation committee) of the completion of the TARP recipient’s fiscal year.

In addition to the executive compensation requirements, all TARP recipients were required to adopt a luxury expenditure policy consistent with 

the requirements of the Rule, provide the policy to Treasury, and post the policy on their Internet website, in each case within 90 days following 
Monthly 105(a) Report May 2010

Appendix 1 – page 18

publication of the Rule (or, if later, 90 days following the closing date of the agreement between the TARP recipient and Treasury). These 

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

transportation services.

Determinations for the Top 25 Employees

In October 2009, the Office of the Special Master for TARP Executive Compensation released determinations on the compensation packages 

for the Top 25 at the seven firms that were then exceptional assistance recipients.5 The Office of the Special Master generally rejected the 

companies’ initial proposals for these Top 25 executives and approved a modified set of compensation structures with the following features:

 Cash salaries generally no greater than $500,000, with the remainder of compensation in equity, mostly in the form of vested ―stock 

salary,‖ which executives must hold until 2011, after which it can be transferred in three equal, annual installments (subject to 

acceleration of one year upon the company’s repayment of federal assistance).

 Annual incentives payable in ―long-term restricted stock,‖ which is forfeited unless the employee provides three years of service after 

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

company’s repayment of TARP funds (the stock may be paid in 25% installments for each 25% of TARP obligations that are repaid).

 $25,000 limit on perquisites and ―other‖ compensation, absent special justification.

 No further accruals or company contributions to executive pension and retirement programs.

In March 2010, the Office of the Special Master issued rulings for the 2010 compensation for the Top 25 executives at the five firms that were 

then exceptional assistance recipients: AIG, Chrysler, Chrysler Financial, GM, and GMAC. The rulings have the following general features:

 Decreased total cash compensation by 33 percent compared to the cash compensation these individual executives received in 2009; 

 Reduced total compensation at AIG, GMAC, and Chrysler Financial by 15 percent compared to the pay these executives received in 

2009; and

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

Determinations for the Covered Employees 26 - 100

In December 2009, the Special Master issued determinations on the compensation structures for Covered Employees 26-100 at each of the six 

firms that were then exceptional assistance recipients. Unlike the October rulings, which addressed specific amounts payable to the Top 25 

executives, Treasury regulations require the Special Master only to address compensation structures for Covered Employees 26 – 100. These

determinations covered four companies: AIG, Citigroup, GM, and GMAC. Chrysler and Chrysler Financial were (with the exception of one 

 

5

Copies of the determination letters and information on executive compensation is available at: http://www.FinancialStability.gov/about/executivecompensation.html.
Monthly 105(a) Report May 2010

Appendix 1 – page 19

employee) not required to obtain the Special Master’s approval during this round because total pay for each executive did not exceed the 

$500,000 ―safe harbor‖ limitation in Treasury's compensation regulations. .

The 2009 compensation structures approved by the Special Master for the Covered Employees 26 –100 have the following general features:

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

overall cash is limited in most cases to 45% of total compensation in cash. All other pay must be in company stock;

 Incentive compensation without real achievement of performance is forbidden. Total incentives are limited to a fixed pool, incentive 

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

illusory;

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

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

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

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

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

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

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

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

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

In April 2010, the Office of the Special Master issued rulings for 2010 compensation structures for Covered Employees 26-100 at the five 

remaining firms receiving exceptional assistance. These rulings reaffirmed that the principles and requirements of the 2009 determinations for 

Covered Employees 26-100 must continue to apply in 2010. 

Effects of TARP Repayment

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

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

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

repayment, however, remain subject to the Special Master’s October 2009 determinations. 

After the Special Master issued determinations for the Covered Employees 26–100 groups, Citigroup repaid certain TARP obligations, and 

ceased to be an "exceptional assistance recipient‖ for purposes of the Rule. As a result, Special Master approval is not required for future 

compensation structures and payments to Citigroup executives. Payments and compensation structures for Citigroup’s Top 25 and Covered 

Employees 26–100 relating to service prior to the repayment, however, remain subject to the Special Master’s October and December 2009 
Monthly 105(a) Report May 2010

Appendix 1 – page 20

determinations, respectively. The executive compensation restrictions that apply to TARP recipients that are not ―exceptional assistance 

recipients‖ will continue to apply to Citigroup until it extinguishes its remaining TARP obligations. 

Chrysler Financial fully repaid its loan from Treasury July 2009 (prior to the Special Master’s initial determinations), but remained an exceptional 

assistance recipient because its affiliates still had outstanding TARP obligations under an exceptional assistance program. The remaining 

obligations at affiliate companies were extinguished for purposes of the Rule in May 2010, upon Treasury’s acceptance of a settlement payment 

as satisfaction in full of all existing debt obligations of Chrysler Financial’s parent, CGI Holding LLC. As a result, Special Master approval is not 

required for future compensation structures and payments to Chrysler Financial executives. Payments and compensation structures for 

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

Master’s previous determinations.

How Treasury Exercises Its Voting Rights

Treasury is a shareholder in General Motors, Chrysler, Ally Financial (formerly 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 that the government obtains ownership interests, it 

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

as soon as practicable. Treasury will follow these principles in a manner consistent with the obligation to promote the liquidity and stability of the 

financial system. 

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

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

preferred shares that Treasury holds in financial institutions under the Capital Purchase Program do not have voting rights except in certain 

limited circumstances, such as amendments to the charter of the company, or in the event dividends are not paid for several quarters, in which 

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

Treasury has announced that it will follow the following principles in exercising its voting rights: (1) Treasury intends to exercise its right to vote 

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

substantial amounts of assets, and dissolution; issuances of equity securities where shareholders are entitled to vote; and amendments to the 

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

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

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

such as GM, Ally and Chrysler, Treasury follows the principles voluntarily or as set forth in a stockholder agreement. In GM, they are largely 

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

In the case of AIG:

 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 
Monthly 105(a) Report May 2010

Appendix 1 – page 21

to vote on 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 in AIG which does not have voting rights except in certain limited circumstances (such as 

amendments to the charter). Treasury has the right to appoint directors because AIG failed to pay dividends for four quarters on the 

preferred stock held by Treasury. On April 1, 2010, Treasury exercised its right to appoint two directors to the American International 

Group, Inc. (AIG) board of directors. 
Monthly 105(a) Report May 2010

Appendix 2

Making Home Affordable Servicer Performance Report
Ad

IniEcHAChMSeBoWBoHAHAArMLis

In

Making Home Affordable Program

Servicer Performance Report Through April 2010

Report HighlightsAlmost 300,000 Borrowers Granted Permanent Modifications, 

An Increase of 68,000

• Borrowers in permanent modifications are experiencing a median payment reduction of 36%, 

more than $500 per month.

• Over 68,000 trial modifications converted to permanent modifications in April, an increase of 

almost 13% from March.

Servicers Begin to Require Upfront Documentation• In order to comply with Treasury guidelines that take effect on June 1, in March 2010, servicers 

began collecting upfront documentation from borrowers prior to initiating new trial modifications.

• Treasury is monitoring servicer performance closely to ensure that borrower demand is met and 

that servicers are reviewing modification requests in a timely manner.

Servicers Provide Resolutions to Borrowers Who Entered Trials Before 

January 1, 2010

• Common causes of cancellations include missed trial payments and incomplete or unverifiable 

documentation.

New This Month: Conversion Rates By Servicer• Servicers show wide variation in conversion rates as measured against trials eligible to convert. • Servicers who started trials with verified documents generally posted higher conversion rates 

than servicers who allowed borrowers to enter trials with stated income. With recent Treasury 

guidance, all servicers are now verifying borrower documents before trial start. 

• Using stated income upon trial starts, the four largest participating servicers have conversion 

rates below 30%.

New This Month: Aged Trial Modifications by Servicer• Servicers show wide variation in completing timely decisions on trial modifications.HAMP Is One Part of the Administration Initiatives to Promote Housing and Financial Stability (see Page 2)
Making Home Affordable Program

Servicer Performance Report Through April 2010

Overview of Administration Housing Stability Initiativ

Initiatives to Support Access to Affordable Mortgage

Credit and Housing

Initiatives to Prevent 

Stabilize 

Lower Mortgage Rates and Access to Credit:

• Continued financial support to maintain affordable 

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

• Interest rates remain near historic lows. Every 1% 

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

• Access to sustainable mortgages through the Federal 

Housing Administration (FHA).

• FHA Refinance options to help homeowners owing more 

than their homes are worth.

State and Local Housing Initiatives:

• Access for Housing Finance Agencies to provide 

mortgages to first-time homebuyers, refinance 

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

Tax Credits for Housing:

• Homebuyer credit to help hundreds of thousands of 

American families buy new homes.

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

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

Making Home Affordable 

• Offering up to 3-4 million 

prevent avoidable foreclo

• More than 1.2 million ho

modifications and almosmodifications have been 

• Homeowners in permane

payment reduction of ovetrial and permanent modover $3.1 billion in monthaggregate to date.

Refinancing:

• Refinancing flexibilities a

allowed over 4 million borefinance, saving an avethan $7 billion over the p

Neighborhood StabilizatioDevelopment Programs:

• Over $5 billion in Recove

stabilize neighborhoods. 

• $2.1 billion HFA Innovati

Housing Markets to suppprevention efforts. 
Note: Shaded areas indicate recessions.

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

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

Making Home Affordable Program

Servicer Performance Report Through April 2010

02468

101214161820

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

Conventional 30‐year Fixed Rate

10‐year Treasury Rate

Percent

02468

101214

1999 2002 

Monthshomes a

Months

507090

110130150170190210230

1999 2002 2005 2008

Case/Shiller20‐city composite

FHFApurchase‐only

index

Index: Jan 2000 = 100

Loan PerformanceNational HomePrice Index

0

200400600800

1,0001,2001,4001,600

1999 2002 

Sales of e

(right ax

Thousands

Mortgage Rates Hous

Home Prices Ho
Making Home Affordable Program

Servicer Performance Report Through April 2010

HAMP Activity: All Servicers

Total

HAMP Eligibility

Eligible DelinquentLoans1 3,275,249

Eligible DelinquentBorrowers2 1,702,134

Trial Modifications

Trial Plan OffersExtended3 1,487,594

All Trials Started 1,214,085

Trials Reported Since

March 2010 Report4 47,160

Trial ModificationsCanceled 277,640Active Trials 637,353

Permanent Modifications

All PermanentModifications Started 299,092

PermanentModifications Canceled5 3,744

Active PermanentModifications 295,348

1 Estimated eligible 60+ day delinquent loans as reported by servicers as of March 31, 2010, include conventional loans:

 in foreclosure and bankruptcy. with a current unpaid principal balance less than $729,750 on a one‐unit property, $934,200 on a two‐unit property, $1,129,250 on a

three‐unit property and $1,403,400 on a four‐unit property.

 on a property that was owner‐occupied at origination.

 originated on or before January 1, 2009.

Estimated eligible 60+ day delinquent loans exclude:

 FHA and VA loans. loans that are current or less than 60 days delinquent, which may be eligible for HAMP if a borrower is in imminent default.

Refer to the Waterfall of Eligible Borrowers on page 7 for further explanation.

For servicers enrolling after February 1, 2010 that did not participate in the 60+ day delinquency survey, the delinquency count is from the

servicer registration form. 2 Effective this month, the estimated eligible 60+ day delinquent borrowers are those in HAMP‐eligible loans, minus estimated exclusions of

loans on vacant properties, loans with borrower debt‐to‐income ratio below 31%, loans that fail the NPV test, properties no longer

owner‐occupied, manufactured housing loans with title/chattel issues that exclude them from HAMP, and loans where the investor

pooling and service agreements preclude modification. Exclusionsfor DTI and NPV results are estimated using market analytics.

Refer to the Waterfall of Eligible Borrowers on page 7 for further explanation. 3 As reported in the weekly servicer survey through April 29, 2010. 4 Servicers may enter new trial modifications anytime before the loan converts to a permanent modification. 5 Includes 81 loans paid off.

Source: HAMP system of record (except where noted).

HAMP Trials 

Permanent Modific

54,722

155,097

273,768

418,73

0

200,000400,000600,000800,000

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

May

and

Prior

June July Aug 

4,742 15,649

31,424

0

50,000

100,000150,000200,000250,000300,000350,000

Sep and

Earlier

Oct Nov 

Note: Servicers may enter new trial modifications aSource: HAMP system of record.Source: HAMP system of record.
• Lower monthly mortgage payments for borrowers in active 

trial and permanent modifications represent a cumulative reduction of more than $3.1 billion to date.• The median savings for borrowers in permanent modifications is $516.09, or 36% of the median beforemodification payment. 

Interest Rate Reduction 100%Term Extension1 53.4%

Principal Forbearance 28.6%

2.8%

10.2%

0% 2

Illness of Principal

Borrower

Excessive

Obligation

Loss of Income

Loan Characteristic

Before 

Modification

After 

Modification

Median 

Decrease

Front-End Debt-to-Income Ratio1 44.9% 31.0% ‐14.0 pct pts

Back-End Debt-to-Income Ratio2 80.2% 64.3% ‐14.5 pct ptsMedian Monthly Payment3 $1,427.80 $836.82 ‐$516.09

1 Includes borrowers who are employed b

those who have lost their jobs.Note: Does not include 19% of permanent 

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

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

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

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

3 Principal and interest payment. 

1

Making Home Affordable Program

Servicer Performance Report Through April 2010

Modification Characteristics

Loan Statu

Permanent Modifications by Modification Step

Select Median Characteristics of Permanent Modifications

Predominant Hardship R

In De

at T

Sta

77.

Note: For all trial modifications started. “At Risk of Default” includes borrowers uthose in imminent default. “In Default” re

1 The calculation for term extension has been corrected.
Servicer 

Estimated Eligible

60+ Day Delinquent

Borrowers1 

Trial Plan 

Offers 

Extended2

All HAMP Trials 

Started3

Active Trial 

Modifications3

Permanent 

Modifications3

American Home Mortgage Servicing Inc 52,247 19,911 16,530 9,392 6,971Aurora Loan Services, LLC 41,125 47,970 41,956 11,269 11,069Bank of America, NA4 477,509 402,398 302,981 214,562 56,398Carrington Mortgage Services LLC 6,196 3,216 2,495 850 1,614CitiMortgage, Inc. 152,357 153,389 144,176 54,947 28,556GMAC Mortgage, Inc. 23,960 53,160 43,011 13,950 20,471Green Tree Servicing LLC 7,341 7,031 5,763 3,279 1,134HomEq Servicing 16,872 5,505 4,355 1,889 2,282J.P. Morgan Chase Bank, NA5 246,185 256,423 189,014 118,997 39,507Litton Loan Servicing LP 54,888 36,671 30,224 17,852 6,146Nationstar Mortgage LLC 22,687 24,446 20,599 7,318 6,933Ocwen Financial Corp. Inc. 27,852 23,325 19,014 5,497 12,119OneWest Bank 57,459 58,863 41,375 27,347 9,612PNC Mortgage6 21,016 21,761 17,782 8,412 980Saxon Mortgage Services, Inc. 36,658 44,505 39,701 12,946 10,568Select Portfolio Servicing 21,178 60,716 36,940 9,784 12,903US Bank NA 19,554 12,381 9,581 3,559 4,648Wachovia Mortgage, FSB7 30,232 8,969 6,295 6,243 43Wells Fargo Bank, NA8 174,995 233,284 171,704 75,322 36,094Other SPA servicers9 17,515 13,670 11,216 5,996 4,131Other GSE Servicers10 194,308 NA 59,373 27,942 23,169

Total 1,702,134 1,487,594 1,214,085 637,353 295,348

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

March 31, 2010, include those in conventional loans: 

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

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

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

Estimated eligible 60+ day delinquent borrowers excludes: 

 Those in FHA and VA loans. Those in loans that are current or less than 60 days delinquent, which 

may be eligible for HAMP if a borrower is in imminent default.

 Those borrowers with debt-to-income ratios less than 31% or a negative 

NPV test,

 Owners of vacant properties or properties otherwise excluded (see 

footnotes of page 7 for further explanation). 

Exclusions for DTI and NPV are estimated using market analytics. 

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

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

2 As reported in the weekly servicer survey through April 29, 2010.3 Active trial and permanent modifications as reported into the HAMP system of 

record by servicers. 

4 Bank of America, NA includes Bank of America, NA, BAC Home Loans 

Servicing LP, Home Loan Services and Wilshire Credit Corporation.

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

Wachovia Mortgage, FSB. 

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

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

10 Includes servicers of loans owned or guaranteed by Fannie Mae and Freddie 

Mac.

Making Home Affordable Program

Servicer Performance Report Through April 2010

83% 83%

74%

59% 55% 54%

0%

25%50%75%

100%

Aged Tria

76%

72%

58%

48%

46%

42

0%

20%40%60%80%

HAMP Modification Activity by Servicer C

1 Active trials initiated at least six mont

Note: Excludes Wachovia Mortgage, F

1 As measured against trials eligible to conver

* Other SPA and Other GSE servicersrepresen

Per program guidelines, all servicers will use 
Making Home Affordable Program

Servicer Performance Report Through April 2010

Servicer Solicitation of Borrowers (cumulative since program inception)1 4,246,224

Page views on MHA.gov (April 2010) 6,588,873

Page views on MHA.gov (cumulative) 80,134,319

Percentage to Goal of 3-4 Million Modification Offers by 20122 37-50%

1 Source: survey data provided by servicers. Servicers are encouraged by HAMP to solicit 

information from borrowers 60+ days delinquent, regardless of eligibility for a HAMP 

modification. 

2 In 2009, Treasury set a goal of offering help to 3-4 million borrowers through the end of 2012, 

as measured by trial plan offers extended to borrowers.

Program to date, Treasury and partners have hosted 32 events across the country connecting more than 35,000 homeowners with mortgage servicers and housing counselors.

Cumulative April

Total Number of Calls Taken at 1-888-995-HOPE 1,060,301 112,781

Borrowers Receiving Free Housing Counseling 545,318 53,001

Selected Outreach Measures

Call Center Performance

Borrower Engagement

5.0

4.2

3

6.0

01234567

Loans (Millions)

1st Lien, 60+

DaysDelinquent

Less: Non‐ParticipatingHAMP Servicer

Less: FHAor VA

LeOO

O

•Other exclusions include: no longer owner-occupied; inmanufactured housing loans with titling/chattel issues thSources: Fannie Mae; monthly survey of participating sequarter 2009 MBA delinquency survey. Excluded loans participation agreement for HAMP.

Not all 60-day delinquent loans are eligible borrower eligibility. Based on the estimatesdelinquent in the 4th quarter of 2009, 1.7 m

represents a point-in-time snapshot of the deligibility, we expect that more borrowers w

Waterfall of HAM

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

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

State

Active

Trials

Permanent 

Modifications Total

% of 

Total State

Active

Trials

Permanent 

Modifications Total

% of 

Total 

AK 355 135 490 0.1% MT 867 330 1,197 0.1%

AL 4,427 1,843 6,270 0.7% NC 13,160 5,933 19,093 2.0%

AR 1,813 758 2,571 0.3% ND 153 59 212 0.0%AZ 29,952 16,120 46,072 4.9% NE 889 436 1,325 0.1%

CA 135,499 62,883 198,382 21.3% NH 2,671 1,476 4,147 0.4%

CO 8,932 4,355 13,287 1.4% NJ 21,143 9,821 30,964 3.3%CT 8,092 3,918 12,010 1.3% NM 2,371 969 3,340 0.4%DC 1,269 470 1,739 0.2% NV 16,834 8,229 25,063 2.7%

DE 2,026 1,025 3,051 0.3% NY 30,800 11,590 42,390 4.5%

FL 78,356 36,130 114,486 12.3% OH 13,631 6,580 20,211 2.2%

GA 25,385 11,082 36,467 3.9% OK 2,028 714 2,742 0.3%

HI 2,371 1,076 3,447 0.4% OR 7,097 3,419 10,516 1.1%IA 1,945 791 2,736 0.3% PA 14,350 6,269 20,619 2.2%

ID 2,520 1,198 3,718 0.4% RI 2,891 1,582 4,473 0.5%

IL 33,393 15,434 48,827 5.2% SC 6,564 2,971 9,535 1.0%

IN 6,620 3,061 9,681 1.0% SD 300 109 409 0.0%KS 1,839 777 2,616 0.3% TN 7,063 3,288 10,351 1.1%

KY 2,658 1,201 3,859 0.4% TX 22,671 7,214 29,885 3.2%LA 3,903 1,438 5,341 0.6% UT 5,540 2,737 8,277 0.9%

MA 14,304 7,437 21,741 2.3% VA 15,671 7,836 23,507 2.5%

MD 20,746 10,204 30,950 3.3% VT 455 248 703 0.1%

ME 1,633 902 2,535 0.3% WA 12,491 5,959 18,450 2.0%

MI 20,422 10,203 30,625 3.3% WI 6,081 3,064 9,145 1.0%MN 10,555 6,162 16,717 1.8% WV 1,010 498 1,508 0.2%

MO 7,626 3,431 11,057 1.2% WY 335 164 499 0.1%

MS 2,421 1,176 3,597 0.4% Other* 1,225 643 1,868 0.2%

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

Making Home Affordable Program

Servicer Performance Report Through April 2010

60+ 

HAMP Activity by State Modific

Mortgage D
Servicer 

Bank of America, NA1 

JP Morgan Chase NA2 

Wells Fargo Bank, NA 3 

CitiMortgage, Inc. 

OneWest Bank GMAC Mortgage, Inc. 

Litton Loan Servicing LP 

Saxon Mortgage Services Inc. 

Select Portfolio Servicing Aurora Loan Services, LLC 

Ocwen Financial Corporation, In

American Home Mortgage Servicing Inc 

Nationstar Mortgage LLC PNC Mortgage4 

US Bank NA Wachovia Mortgage, FSB5 

Green Tree Servicing LLC 

HomEq Servicing Carrington Mortgage Services LL

Remainder of HAMP Servicers 

Total 

1 Bank of America, NA includes Bank of America

Wilshire Credit Corporation.

2 J.P. Morgan Chase Bank, NA includes EMC Mo3 Wells Fargo Bank, NA includes a portion of the 4 Formerly National City Bank.5 Wachovia Mortgage, FSB consists of Wachovia Note: Figures reflect active trials and perm

Metropolitan Statistical Area

Active

Trials

Permanent

Modifications

Total 

HAMP 

Activity

% of All 

HAMP 

Activity

Los Angeles-Long Beach-Santa Ana, CA 40,573 17,185 57,758 6.2%New York-Northern New JerseyLong Island, NY-NJ-PA 40,425 16,672 57,097 6.1%Chicago-Naperville-Joliet, IL-IN-WI 32,178 14,890 47,068 5.0%Riverside-San Bernardino-Ontario, CA 29,709 15,560 45,269 4.9%Miami-Fort Lauderdale-Pompano Beach, FL 30,923 13,059 43,982 4.7%Phoenix-Mesa-Scottsdale, AZ 24,496 13,330 37,826 4.1%

Washington-Arlington-Alexandria, DC-VA-MD-WV 22,081 10,713 32,794 3.5%Atlanta-Sandy Springs-Marietta, GA 20,509 9,036 29,545 3.2%Las Vegas-Paradise, NV 14,099 6,749 20,848 2.2%

Detroit-Warren-Livonia, MI 12,946 6,048 18,994 2.0%

Orlando-Kissimmee, FL 12,406 6,022 18,428 2.0%

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 10,958 5,013 15,971 1.7%

Boston-Cambridge-Quincy, MA-NH 10,073 5,297 15,370 1.6%

Sacramento-Arden-ArcadeRoseville, CA 9,624 5,019 14,643 1.6%

Tampa-St. Petersburg-Clearwater, FL 9,773 4,678 14,451 1.5%

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

Making Home Affordable Program

Servicer Performance Report Through April 2010

15 Metropolitan Areas With Highest HAMP Activity Modifications by In
Making Home Affordable Program

Servicer Performance Report Through April 2010

Allstate Mortgage Loans

& Investments, Inc.

American Eagle Federal Credit Union

American Home Mortgage Servicing, Inc

AMS Servicing, LLCAurora Loan Services, LLCBank of America, N.A.1

Bank UnitedBay Federal Credit Union

Bay Gulf Credit Union

Bayview Loan Servicing, LLC

Carrington Mortgage Services, LLC

CCO MortgageCentral Florida Educators Federal Credit Union

Central Jersey Federal Credit Union

Chase Home Finance, LLC

CitiMortgage, Inc.

Citizens 1st National Bank

Citizens First Wholesale Mortgage Company

Community Bank

& Trust Company

CUC Mortgage Corporation

Digital Federal Credit Union

DuPage Credit Union

Eaton National Bank

& Trust Co

Farmers State BankFidelity Homestead Savings Bank

First BankFirst Federal Savings and Loan

First Keystone BankFirst National Bank of Grant Park

Franklin Credit Management Corporation

Fresno County Federal Credit UnionGlass City Federal Credit Union

Glenview State Bank

GMAC Mortgage, Inc.

Golden Plains Credit UnionGrafton Suburban Credit Union

Great Lakes Credit UnionGreater Nevada Mortgage Services

Green Tree Servicing LLCHartford Savings BankHillsdale County National BankHomEq ServicingHomeStar Bank

& Financial Services

Horicon BankHorizon Bank, NA

IberiabankIBM Southeast Employees' Federal Credit UnionIC Federal Credit Union

Idaho Housing and Finance Association

iServe Residential Lending LLCiServe Servicing Inc.

J.P.Morgan Chase Bank, NA2

Lake City BankLake National Bank

Litton Loan Servicing

Los Alamos National Bank

Marix Servicing, LLCMetropolitan National BankMidwest Bank

& Trust Co.

Mission Federal Credit UnionMorEquity, Inc.Mortgage Center, LLCMortgage Clearing Corporation

National City Bank

Nationstar Mortgage LLCNavy Federal Credit UnionOakland Municipal Credit Union

Ocwen Financial Corporation, Inc.

OneWest BankORNL Federal Credit UnionPark View Federal Savings BankPennyMac Loan Services, LLC

PNC B

PurduQLenQuan

ResidRG MRoebRounSaxon 

SchooSEFCUSelec

Servis ShoreSilver 

Sound 

Speci

Spirit StanfSterli

TechnTempThe G

U.S. B

Unite

Unite

Urban VantiVerity 

Vist FWells 

WealtWesc

Yadki

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

LP, Home Loan Services and Wilshire Credit Corporation. 2 J.P. Morgan Chase Bank, NA includes EMC Mortgage Corporation. 

3 Wells Fargo Bank, NA includes Wachovia Mortgage FSB and Wachovia Bank NA. Appendix: Non-GSE Participants in HAMP
Monthly 105(a) Report May 2010

Appendix 3

Financial Statement
Budget

Object Class 

(BOC) Budget Object Class Title Obligations Expenditures

Pro

Obli

PERSONNEL SERVICES 1100 & 1200 PERSONNEL COMPENSATION & BENEFITS 34,273,270 $ 34,044,343 $ 

$ 

PERSONNEL SERVICES Total: 34,273,270 $ 34,044,343 $ 

$ 

2100 TRAVEL & TRANSPORTATION OF PERSONS 670,269 $ 626,623 $ 

$ 

2200 TRANSPORTATION OF THINGS 11,960 11,960 

 

2300 RENTS, COMMUNICATIONS, UTILITIES & MISC CHARGES 669,885 524,616 

 

2400 PRINTING & REPRODUCTION 395 395 

 

2500 OTHER SERVICES 113,290,642 73,470,842 1

 

2600 SUPPLIES AND MATERIALS 383,523 381,761 

 

3100 EQUIPMENT 232,054 222,675 

 

3200 LAND & STRUCTURES - - 

 

4300 INTEREST & DIVIDENDS 13 13 

 

NON-PERSONNEL SERVICES Total: 115,258,741 $ 75,238,885 $ 1

$ 

GRAND TOTAL: $149,532,011 109,283,228 15

$ 

United States Department of Treasury

Office of Financial Stability

Troubled Asset Relief Program

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

NON-PERSONNEL SERVICES

For Period Ending 

May 31, 2010 

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

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending May 31, 2010

Date

Approved Type of 

or Renewed Transaction Vendor Purpose

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

10/11/2008 BPA EnnisKnupp Investment and Advisory Services

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

10/16/2008 BPA PricewaterhouseCoopers Internal Control Services

10/18/2008 BPA Ernst & Young Accounting Services

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

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

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

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

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

11/14/2008 IAA Securities and Exchange Commission Detailees

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

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

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

12/5/2008 Procurement Washington Post Vacancy Announcement

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

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

12/15/2008 IAA Office of Thrift Supervision Detailees

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

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

1/6/2009 IAA State Department Detailees

1/7/2009 Procurement Colonial Parking Parking 

1/9/2009 IAA Internal Revenue Service Detailees

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

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

2/2/2009 IAA Government Accountability Office Oversight

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

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

2/18/2009 Financial Agent Freddie Mac Homeownership Program

2/18/2009 Financial Agent Fannie Mae Homeownership Program

2/20/2009 IAA Congressional Oversight Panel Oversight

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

2/22/2009 Contract Venable LLP Legal Services

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

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

3/23/2009 Procurement Heery International Inc. Architects

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

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

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

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

3/31/2009 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 Financial Agent Piedmont Investment Advisors Piedmont Investment Advisors Asset Management Ser ices Asset Management Services

5/4/2009 IAA Federal Reserve Detailee

5/14/2009 Contract Phacil* FOIA Services

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

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

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

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

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

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

6/29/2009 IAA Department of Interior Administrative Support

7/15/2009 Contract Judicial Watch Legal Advisory

7/17/2009 Contract Korn Ferry International Administrative Support

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

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

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

8/11/2009 IAA NASA Detailee

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

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

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

9/14/2009 Contract PricewaterhouseCoopers Asset Management Services

9/30/2009 Contract SNL Financial LC Financial Advisory

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

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

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

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

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

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

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

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

1/4/2010 IAA Federal Maritime Commission Detailee

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

1/29/2010 Contract NNA Inc. Administrative Support

2/16/2010 Contract The MITRE Corporation Administrative Support

3/29/2010 Financial Agent Morgan Stanley Asset Management Services

4/12/2010 Contract EnnisKnupp Financial Advisory

4/13/2010 BPA Qualx Corporation Administrative Support

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

4/20/2010 IAA FMS-Gartner Administrative Support

4/20/2010 BPA Microlink LLC Administrative Support

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

4/23/2010 Contract RDA Corporation Administrative Support

5/17/2010 Financial Agent Lazard Frères & Co. LLC Financial Advisory

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

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

***Contract responsibilities assumed by Bingham McCutchen, LLP via novation.
U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending May 31, 2010

Name Amount

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

between Citigroup and the UST, and FDIC occurred on 

December 23, 2009 due to the improvement of Citigroup's 

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

 Pricing 

Mechanism

1b 10/28/2008 Bank of America Corporation Charlotte NC Preferred Stock w/ Warrants 15,000,000,000 $ Par 12/9/2009 

10/28/2008 The Bank of New York Mellon Corporation New York NY Preferred Stock w/ Warrants 3,000,000,000 $ Par 6/17/2009 

11, 23 - 

5/26/2010 10/28/2008 Citigroup Inc. New York NY Common Stock w/ Warrants $ 25,000,000,000 Par 

10/28/2008 The Goldman Sachs Group, Inc. New York NY Preferred Stock w/ Warrants 10,000,000,000 $ Par 6/17/2009 

10/28/2008 JPMorgan Chase & Co. New York NY Preferred Stock w/ Warrants 25,000,000,000 $ Par 6/17/2009 

10/28/2008 Morgan Stanley New York NY Preferred Stock w/ Warrants 10,000,000,000 $ Par 6/17/2009 

10/28/2008 State Street Corporation Boston MA Preferred Stock w/ Warrants 2,000,000,000 $ Par 6/17/2009 

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

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

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

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

11/14/2008 N th T t C ti Chi IL P f d St k / W t $ 1 576 000 000 P 6/17/2009 

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

U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

For Period Ending May 31, 2010

CAPITAL PURCHASE PROGRAM

Capital 

Repayment Dat

Footnote Purchase Date 

Seller Purchase Details Capital R

11/14/2008 Northern Trust Corporation Chicago IL Preferred Stock w/ Warrants 1,576,000,000 $ Par 6/17/2009 

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 5/27/2009 

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

11/14/2008

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

11/14/2008 Umpqua Holdings Corp. Portland OR Preferred Stock w/ Warrants 214,181,000 $ Par 2/17/2010 

11/14/2008 Comerica Inc. Dallas TX Preferred Stock w/ Warrants 2,250,000,000 $ Par 3/17/2010 

11/14/2008 Regions Financial Corporation Birmingham AL Preferred Stock w/ Warrants 3,500,000,000 $ Par 11/14/2008 Capital One Financial Corporation McLean VA Preferred Stock w/ Warrants 3,555,199,000 $ Par 6/17/2009 

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

6/3/2009 

9/23/2009 

12/23/2009 

11/14/2008 Zions Bancorporation Salt Lake City UT Preferred Stock w/ Warrants 1,400,000,000 $ Par 11/14/2008 Marshall & Ilsley Corporation Milwaukee WI Preferred Stock w/ Warrants 1,715,000,000 $ Par 11/14/2008 U.S. Bancorp Minneapolis MN Preferred Stock w/ Warrants 6,599,000,000 $ Par 6/17/2009 11/14/2008 TCF Financial Corporation Wayzata MN Preferred Stock w/ Warrants 361,172,000 $ Par 4/22/2009 

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

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

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

12/30/2009 

11/14/2008 Valley National Bancorp Wayne NJ Preferred Stock w/ Warrants 11/21/2008 City National Corporation Beverly Hills CA Preferred Stock w/ Warrants $ 400 000 000 Par

$ Par 300,000,000 

3/3/2010 

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

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

11/21/2008 Webster Financial Corporation Waterbury CT Preferred Stock w/ Warrants 400,000,000 $ Par 3/3/2010 

11/21/2008 Pacific Capital Bancorp Santa Barbara CA Preferred Stock w/ Warrants 180,634,000 $ Par 

11/21/2008 Heritage Commerce Corp. San Jose CA Preferred Stock w/ Warrants 40,000,000 $ Par 

11/21/2008 Ameris Bancorp Moultrie GA Preferred Stock w/ Warrants 52,000,000 $ Par 11/21/2008 Porter Bancorp Inc. Louisville KY Preferred Stock w/ Warrants 35,000,000 $ Par 11/21/2008 Banner Corporation Walla Walla WA Preferred Stock w/ Warrants 124,000,000 $ Par 11/21/2008 Cascade Financial Corporation Everett WA Preferred Stock w/ Warrants 38,970,000 $ Par 

11/21/2008 City National Corporation Beverly Hills CA Preferred Stock w/ Warrants $ 400,000,000 Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

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11/21/2008 Columbia Banking System, Inc. Tacoma WA Preferred Stock w/ Warrants 76,898,000 $ Par 11/21/2008 Heritage Financial Corporation Olympia WA Preferred Stock w/ Warrants 24,000,000 $ Par 11/21/2008 First PacTrust Bancorp, Inc. Chula Vista CA Preferred Stock w/ Warrants 19,300,000 $ Par 

11/21/2008 Severn Bancorp, Inc. Annapolis MD Preferred Stock w/ Warrants 23,393,000 $ Par 11/21/2008 Boston Private Financial Holdings, Inc. Boston MA Preferred Stock w/ Warrants 154,000,000 $ Par 1/13/2010 

11/21/2008 Associated Banc-Corp Green Bay WI Preferred Stock w/ Warrants 525,000,000 $ Par 11/21/2008 Trustmark Corporation Jackson MS Preferred Stock w/ Warrants 215,000,000 $ Par 12/9/2009 

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

11/21/2008 Taylor Capital Group Rosemont IL Preferred Stock w/ Warrants 104,823,000 $ Par 

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

20, 25 12/5/2008 Midwest Banc Holdings, Inc. Melrose Park IL Mandatorily Convertible Preferred Stock w/ Warrants $ Par 89,388,000

12/5/2008 MB Financial Inc. Chicago IL Preferred Stock w/ Warrants 196,000,000 $ Par 

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

12/5/2008 United Community Banks, Inc. Blairsville GA Preferred Stock w/ Warrants 180,000,000 $ Par 

12/5/2008 WesBanco, Inc. Wheeling WV Preferred Stock w/ Warrants 75,000,000 $ Par 9/9/2009 

12/5/2008 Encore Bancshares Inc. Houston TX Preferred Stock w/ Warrants 34,000,000 $ Par 

12/5/2008 Manhattan Bancorp El Segundo CA Preferred Stock w/ Warrants 1,700,000 $ Par 9/16/2009 

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

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

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

26 - 

5/18/2010 12/5/2008 South Financial Group, Inc. Greenville SC Preferred Stock w/ Warrants 347,000,000 $ Par 

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

12/5/2008 Cathay General Bancorp Los Angeles CA Preferred Stock w/ Warrants 258,000,000 $ Par 12/5/2008 Southern Community Financial Corp. Winston-Salem NC Preferred Stock w/ Warrants 42,750,000 $ Par 

8/26/2009 

9/2/2009 

12/5/2008 First Defiance Financial Corp. Defiance OH Preferred Stock w/ Warrants 37,000,000 $ Par 

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

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

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

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

12/5/2008 Blue Valley Ban Corp Overland Park KS Preferred Stock w/ Warrants 21,750,000 $ Par 

12/5/2008 Central Federal Corporation Fairlawn OH Preferred Stock w/ Warrants 7,225,000 $ Par 

12/5/2008 Bank of Marin Bancorp Novato CA Preferred Stock w/ Warrants 28,000,000 $ Par 3/31/2009 

12/5/2008 BNC Bancorp Thomasville NC Preferred Stock w/ Warrants 31,260,000 $ Par 

12/5/2008 Central Bancorp, Inc. Somerville MA Preferred Stock w/ Warrants 10,000,000 $ Par 

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

12/5/2008 State Bancorp, Inc. Jericho NY Preferred Stock w/ Warrants 36,842,000 $ Par 

12/5/2008 TIB Financial Corp Naples FL Preferred Stock w/ Warrants 37,000,000 $ Par 

12/5/2008 Unity Bancorp, Inc. Clinton NJ Preferred Stock w/ Warrants 20,649,000 $ Par 

12/5/2008 Old Line Bancshares, Inc. Bowie MD Preferred Stock w/ Warrants 7,000,000 $ Par 7/15/2009 

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

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

12/5/2008 CVB Financial Corp Ontario CA Preferred Stock w/ Warrants $ Par 130,000,000 

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

12/12/2008 Old National Bancorp Evansville IN Preferred Stock w/ Warrants 100,000,000 $ Par 3/31/2009 

12/12/2008 Capital Bank Corporation Raleigh NC Preferred Stock w/ Warrants 41,279,000 $ Par 12/12/2008 Pacific International Bancorp Seattle WA Preferred Stock w/ Warrants 6,500,000 $ Par 12/12/2008 SVB Financial Group Santa Clara CA Preferred Stock w/ Warrants 235,000,000 $ Par 12/23/2009 

12/12/2008 LNB Bancorp Inc. Lorain OH Preferred Stock w/ Warrants 25,223,000 $ Par 12/12/2008 Wilmington Trust Corporation Wilmington DE Preferred Stock w/ Warrants 330,000,000 $ Par 

12/12/2008 Susquehanna Bancshares, Inc Lititz PA Preferred Stock w/ Warrants 300,000,000 $ Par 4/21/2010 

12/12/2008 Signature Bank New York NY Preferred Stock w/ Warrants 120,000,000 $ Par 3/31/2009 12/12/2008 HopFed Bancorp Hopkinsville KY Preferred Stock w/ Warrants 18,400,000 $ Par 12/12/2008 Citizens Republic Bancorp, Inc. Flint MI Preferred Stock w/ Warrants 300,000,000 $ Par 

12/12/2008 Indiana Community Bancorp Columbus IN Preferred Stock w/ Warrants 21,500,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

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12/12/2008 Bank of the Ozarks, Inc. Little Rock AR Preferred Stock w/ Warrants 75,000,000 $ Par 11/4/2009 

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 5/5/2009 

12/12/2008 The Bancorp, Inc. Wilmington DE Preferred Stock w/ Warrants 45,220,000 $ Par 3/10/2010 

12/12/2008 TowneBank Portsmouth VA Preferred Stock w/ Warrants 76,458,000 $ Par 12/12/2008 Wilshire Bancorp, Inc. Los Angeles CA Preferred Stock w/ Warrants 62,158,000 $ Par 

12/12/2008 Valley Financial Corporation Roanoke VA Preferred Stock w/ Warrants 16,019,000 $ Par 

22 12/12/2008 Independent Bank Corporation Ionia MI 

Mandatorily Convertible Preferred Stock w/ Warrants $ Par 74,426,000

12/12/2008 Pinnacle Financial Partners, Inc. Nashville TN Preferred Stock w/ Warrants 95,000,000 $ Par 12/12/2008 First Litchfield Financial Corporation Litchfield CT Preferred Stock w/ Warrants 10,000,000 $ Par 4/7/2010 

12/12/2008 National Penn Bancshares, Inc. Boyertown PA Preferred Stock w/ Warrants 150,000,000 $ Par 12/12/2008 Northeast Bancorp Lewiston ME Preferred Stock w/ Warrants 4,227,000 $ Par 12/12/2008 Citizens South Banking Corporation Gastonia NC Preferred Stock w/ Warrants 20,500,000 $ Par 12/12/2008 Virginia Commerce Bancorp Arlington VA Preferred Stock w/ Warrants 71,000,000 $ Par 12/12/2008 Fidelity Bancorp, Inc. Pittsburgh PA Preferred Stock w/ Warrants 7,000,000 $ Par 12/12/2008 LSB Corporation North Andover MA Preferred Stock w/ Warrants 15,000,000 $ Par 11/18/2009 12/19/2008 Intermountain Community Bancorp Sandpoint ID Preferred Stock w/ Warrants 27,000,000 $ Par 12/19/2008 Community West Bancshares Goleta CA Preferred Stock w/ Warrants 15,600,000 $ Par 

12/19/2008 Synovus Financial Corp. Columbus GA Preferred Stock w/ Warrants 967,870,000 $ Par 12/19/2008 Tennessee Commerce Bancorp, Inc. Franklin TN Preferred Stock w/ Warrants 30,000,000 $ Par 

12/19/2008 Community Bankers Trust Corporation Glen Allen VA Preferred Stock w/ Warrants 17,680,000 $ Par 12/19/2008 BancTrust Financial Group, Inc. Mobile AL Preferred Stock w/ Warrants 50,000,000 $ Par 12/19/2008 Enterprise Financial Services Corp. St. Louis MO Preferred Stock w/ Warrants 35,000,000 $ Par 

12/19/2008 Mid Penn Bancorp, Inc. Millersburg PA Preferred Stock w/ Warrants 10,000,000 $ Par 12/19/2008 Summit State Bank Santa Rosa CA Preferred Stock w/ Warrants 8,500,000 $ Par 

12/19/2008 VIST Financial Corp. Wyomissing PA Preferred Stock w/ Warrants 25,000,000 $ Par 12/19/2008 Wainwright Bank & Trust Company Boston MA Preferred Stock w/ Warrants 22,000,000 $ Par 11/24/2009 

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 40,000,000 $ Par 5/27/2009 

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

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

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

12/19/2008 Flushing Financial Corporation Lake Success NY Preferred Stock w/ Warrants 70,000,000 $ Par 10/28/2009 

12/19/2008 Monarch Financial Holdings, Inc. Chesapeake VA Preferred Stock w/ Warrants 14,700,000 $ Par 12/23/2009 12/19/2008 StellarOne Corporation Charlottesville VA Preferred Stock w/ Warrants 30,000,000 $ Par 

18 12/19/2008 Union First Market Bankshares Corporation (Union Bankshares Corporation) Bowling Green VA Preferred Stock w/ Warrants 59,000,000 $ Par 11/18/2009 

12/19/2008 Tidelands Bancshares, Inc Mt. Pleasant SC Preferred Stock w/ Warrants 14,448,000 $ Par 

12/19/2008 Bancorp Rhode Island, Inc. Providence RI Preferred Stock w/ Warrants 30,000,000 $ Par 8/5/2009 

12/19/2008 Hawthorn Bancshares, Inc. Lee's Summit MO Preferred Stock w/ Warrants 30,255,000 $ Par 

12/19/2008 The Elmira Savings Bank, FSB Elmira NY Preferred Stock w/ Warrants 9,090,000 $ Par 

12/19/2008 Alliance Financial Corporation Syracuse NY Preferred Stock w/ Warrants 26,918,000 $ Par 5/13/2009 

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

2 12/19/2008 FFW Corporation Wabash IN Preferred Stock w/ Exercised Warrants 7,289,000 $ Par 2 12/19/2008 Plains Capital Corporation Dallas TX Preferred Stock w/ Exercised Warrants 87,631,000 $ Par 2 12/19/2008 Tri-County Financial Corporation Waldorf MD Preferred Stock w/ Exercised Warrants 15,540,000 $ Par 

2, 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 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

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Footnote Purchase Date 

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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 9,294,000 $ Par 

12/23/2008 First Financial Bancorp Cincinnati OH Preferred Stock w/ Warrants 80,000,000 $ Par 2/24/2010 

12/23/2008 Bridge Capital Holdings San Jose CA Preferred Stock w/ Warrants 23,864,000 $ Par 

12/23/2008 International Bancshares Corporation Laredo TX Preferred Stock w/ Warrants 216,000,000 $ Par 12/23/2008 First Sound Bank Seattle WA Preferred Stock w/ Warrants 7,400,000 $ Par 12/23/2008 M&T Bank Corporation Buffalo NY Preferred Stock w/ Warrants 600,000,000 $ Par 

12/23/2008 Emclaire Financial Corp. Emlenton PA Preferred Stock w/ Warrants 7,500,000 $ Par 12/23/2008 Park National Corporation Newark OH Preferred Stock w/ Warrants 100,000,000 $ Par 12/23/2008 Green Bankshares, Inc. Greeneville TN Preferred Stock w/ Warrants 72,278,000 $ Par 12/23/2008 Cecil Bancorp, Inc. Elkton MD Preferred Stock w/ Warrants 11,560,000 $ Par 12/23/2008 Financial Institutions, Inc. Warsaw NY Preferred Stock w/ Warrants 37,515,000 $ Par 

12/23/2008 Fulton Financial Corporation Lancaster PA Preferred Stock w/ Warrants 376,500,000 $ Par 12/23/2008 United Bancorporation of Alabama, Inc. Atmore AL Preferred Stock w/ Warrants 10,300,000 $ Par 12/23/2008 MutualFirst Financial, Inc. Muncie IN Preferred Stock w/ Warrants 32,382,000 $ Par 12/23/2008 BCSB Bancorp, Inc. Baltimore MD Preferred Stock w/ Warrants 10,800,000 $ Par 

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

12/23/2008 First Community Bank Corporation of America Pinellas Park FL Preferred Stock w/ Warrants 10,685,000 $ Par 12/23/2008 Sterling Bancorp New York NY Preferred Stock w/ Warrants 42,000,000 $ Par 

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

12/23/2008 Peoples Bancorp of North Carolina, Inc. Newton NC Preferred Stock w/ Warrants 25,054,000 $ Par 12/23/2008 Parkvale Financial Corporation Monroeville PA Preferred Stock w/ Warrants 31,762,000 $ Par 12/23/2008 Timberland Bancorp, Inc. Hoquiam WA Preferred Stock w/ Warrants 16,641,000 $ Par 12/23/2008 1st Constitution Bancorp Cranbury NJ Preferred Stock w/ Warrants 12,000,000 $ Par 12/23/2008 Central Jersey Bancorp Oakhurst NJ Preferred Stock w/ Warrants 11,300,000 $ Par 

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

2 12/23/2008 Capital Pacific Bancorp Portland OR Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2 12/23/2008 Uwharrie Capital Corp Albemarle NC Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 3 12/23/2008 Mission Valley Bancorp Sun Valley CA Preferred Stock 5,500,000 $ Par 

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

2 12/23/2008 Citizens Community Bank South Hill VA Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 2 12/23/2008 Seacoast Commerce Bank Chula Vista CA Preferred Stock w/ Exercised Warrants 1,800,000 $ Par 

2 12/23/2008 TCNB Financial Corp. Dayton OH Preferred Stock w/ Exercised Warrants 2,000,000 $ Par 2 12/23/2008 Leader Bancorp, Inc. Arlington MA Preferred Stock w/ Exercised Warrants 5,830,000 $ Par 2 12/23/2008 Nicolet Bankshares, Inc. Green Bay WI Preferred Stock w/ Exercised Warrants 14,964,000 $ Par 2 12/23/2008 Magna Bank Memphis TN Preferred Stock w/ Exercised Warrants 13,795,000 $ Par 11/24/2009 

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

2 12/23/2008 Community Investors Bancorp, Inc. Bucyrus OH Preferred Stock w/ Exercised Warrants 2,600,000 $ Par 2 12/23/2008 Capital Bancorp, Inc. Rockville MD Preferred Stock w/ Exercised Warrants 4,700,000 $ Par 2 12/23/2008 Cache Valley Banking Company Logan UT Preferred Stock w/ Exercised Warrants 4,767,000 $ Par 2 12/23/2008 Citizens Bancorp Nevada City CA Preferred Stock w/ Exercised Warrants 10,400,000 $ Par 

2 12/23/2008 12/23/2008 Tennessee Valley Financial Holdings Inc Tennessee Valley Financial Holdings, Inc. Oak Ridge Oak Ridge TN Preferred Stock w/ Exercised Warrants Preferred Stock w/ Exercised Warrants $ 3 000 000 3,000,000 Par

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

12/31/2008 SunTrust Banks, Inc. Atlanta GA Preferred Stock w/ Warrants 1,350,000,000 $ Par 12/31/2008 The PNC Financial Services Group Inc. Pittsburgh PA Preferred Stock w/ Warrants 7,579,200,000 $ Par 2/10/2010 

12/31/2008 Fifth Third Bancorp Cincinnati OH Preferred Stock w/ Warrants 3,408,000,000 $ Par 12/31/2008 Hampton Roads Bankshares, Inc. Norfolk VA Preferred Stock w/ Warrants 80,347,000 $ Par 

16 12/31/2008 CIT Group Inc. New York NY Contingent Value Rights 2,330,000,000 $ Par 2/8/2010 

12/31/2008 West Bancorporation, Inc. West Des Moines IA Preferred Stock w/ Warrants 36,000,000 $ Par 

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

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

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

1/9/2009 Farmers Capital Bank Corporation Frankfort KY Preferred Stock w/ Warrants 30,000,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

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Footnote Purchase Date 

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

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

1/9/2009 The First Bancorp, Inc. Damariscotta ME Preferred Stock w/ Warrants 25,000,000 $ Par 1/9/2009 Sun Bancorp, Inc. Vineland NJ Preferred Stock w/ Warrants 89,310,000 $ Par 4/8/2009 

1/9/2009 Crescent Financial Corporation Cary NC Preferred Stock w/ Warrants 24,900,000 $ Par 1/9/2009 American Express Company New York NY Preferred Stock w/ Warrants 3,388,890,000 $ Par 6/17/2009 

1/9/2009 Central Pacific Financial Corp. Honolulu HI Preferred Stock w/ Warrants 135,000,000 $ Par 

1/9/2009 Centrue Financial Corporation St. Louis MO Preferred Stock w/ Warrants 32,668,000 $ Par 1/9/2009 Eastern Virginia Bankshares, Inc. Tappahannock VA Preferred Stock w/ Warrants 24,000,000 $ Par 1/9/2009 Colony Bankcorp, Inc. Fitzgerald GA Preferred Stock w/ Warrants 28,000,000 $ Par 1/9/2009 Independent Bank Corp. Rockland MA Preferred Stock w/ Warrants 78,158,000 $ Par 4/22/2009 

1/9/2009 Cadence Financial Corporation Starkville MS Preferred Stock w/ Warrants 44,000,000 $ Par 1/9/2009 LCNB Corp. Lebanon OH Preferred Stock w/ Warrants 13,400,000 $ Par 10/21/2009 1/9/2009 Center Bancorp, Inc. Union NJ Preferred Stock w/ Warrants 10,000,000 $ Par 1/9/2009 F.N.B. Corporation Hermitage PA Preferred Stock w/ Warrants 100,000,000 $ Par 9/9/2009 

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 4/15/2009 

2 1/9/2009 The Queensborough Company Louisville GA Preferred Stock w/ Exercised Warrants 12,000,000 $ Par 2 1/9/2009 American State Bancshares, Inc. Great Bend KS Preferred Stock w/ Exercised Warrants 6,000,000 $ Par 2 1/9/2009 Security California Bancorp Riverside CA Preferred Stock w/ Exercised Warrants 6,815,000 $ Par 

2 1/9/2009 Security Business Bancorp San Diego CA Preferred Stock w/ Exercised Warrants 5,803,000 $ Par 

2 1/9/2009 Sound Banking Company Morehead City NC Preferred Stock w/ Exercised Warrants 3,070,000 $ Par 3 1/9/2009 Mission Community Bancorp San Luis Obispo CA Preferred Stock 5,116,000 $ Par 

2 1/9/2009 Redwood Financial Inc. Redwood Falls MN Preferred Stock w/ Exercised Warrants 2,995,000 $ Par 

2 1/9/2009 Surrey Bancorp Mount Airy NC Preferred Stock w/ Exercised Warrants 2,000,000 $ Par 2 1/9/2009 Independence Bank East Greenwich RI Preferred Stock w/ Exercised Warrants 1,065,000 $ Par 2 1/9/2009 Valley Community Bank Pleasanton CA Preferred Stock w/ Exercised Warrants 5,500,000 $ Par 

2 1/9/2009 Rising Sun Bancorp Rising Sun MD Preferred Stock w/ Exercised Warrants 5,983,000 $ Par 

2 1/9/2009 Community Trust Financial Corporation Ruston LA Preferred Stock w/ Exercised Warrants 24,000,000 $ Par 2 1/9/2009 GrandSouth Bancorporation Greenville SC Preferred Stock w/ Exercised Warrants 9,000,000 $ Par 

2 1/9/2009 Texas National Bancorporation Jacksonville TX Preferred Stock w/ Exercised Warrants 3,981,000 $ Par 5/19/2010 

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

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

1/16/2009 Home Bancshares, Inc. Conway AR Preferred Stock w/ Warrants 50,000,000 $ Par 1/16/2009 Washington Banking Company Oak Harbor WA Preferred Stock w/ Warrants 26,380,000 $ Par 

1/16/2009 New Hampshire Thrift Bancshares, Inc. Newport NH Preferred Stock w/ Warrants 10,000,000 $ Par 

1/16/2009 Bar Harbor Bankshares Bar Harbor ME Preferred Stock w/ Warrants 18,751,000 $ Par 2/24/2010 

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

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

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

1/16/2009 ECB Bancorp, Inc. Engelhard g NC Preferred Stock w/ Warrants 17,949,000 $ Par $ , ,

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

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

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 12/30/2009 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment Dat

Footnote Purchase Date 

Seller Purchase Details Capital R

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

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

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

2, 19 1/16/2009 Pacific Coast National Bancorp San Clemente CA Preferred Stock w/ Exercised Warrants 4,120,000 $ Par 2/11/2010 

3 1/16/2009 Community Bank of the Bay Oakland CA Preferred Stock 1,747,000 $ Par 

2 1/16/2009 Redwood Capital Bancorp Eureka CA Preferred Stock w/ Exercised Warrants 3,800,000 $ Par 

2 1/16/2009 Syringa Bancorp Boise ID Preferred Stock w/ Exercised Warrants 8,000,000 $ Par 2 1/16/2009 Idaho Bancorp Boise ID Preferred Stock w/ Exercised Warrants 6,900,000 $ Par 2 1/16/2009 Puget Sound Bank Bellevue WA Preferred Stock w/ Exercised Warrants 4,500,000 $ Par 2 1/16/2009 United Financial Banking Companies, Inc. Vienna VA Preferred Stock w/ Exercised Warrants 5,658,000 $ Par 2 1/16/2009 Dickinson Financial Corporation II Kansas City MO Preferred Stock w/ Exercised Warrants 146,053,000 $ Par 2 1/16/2009 The Baraboo Bancorporation Baraboo WI Preferred Stock w/ Exercised Warrants 20,749,000 $ Par 2 1/16/2009 Bank of Commerce Charlotte NC Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 2 1/16/2009 State Bankshares, Inc. Fargo ND Preferred Stock w/ Exercised Warrants 50,000,000 $ Par 8/12/2009 

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 5/27/2009 

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

2 1/16/2009 Morrill Bancshares, Inc. Merriam KS Preferred Stock w/ Exercised Warrants 13,000,000 $ Par 2 1/16/2009 Treaty Oak Bancorp, Inc. Austin TX Preferred Stock w/ Exercised Warrants 3,268,000 $ Par 

1/23/2009 1st Source Corporation South Bend IN Preferred Stock w/ Warrants 111,000,000 $ Par 

1/23/2009 Princeton National Bancorp, Inc. p Princeton IL Preferred Stock w/ Warrants 25,083,000 $ Par 

1/23/2009 AB&T Financial Corporation Gastonia NC Preferred Stock w/ Warrants 3,500,000 $ Par 

1/23/2009 First Citizens Banc Corp Sandusky OH Preferred Stock w/ Warrants 23,184,000 $ Par 

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

2 1/23/2009 Commonwealth Business Bank Los Angeles CA Preferred Stock w/ Exercised Warrants 7,701,000 $ Par 

2, 13 - 

12/4/2009 1/23/2009 Three Shores Bancorporation, Inc. (Seaside National Bank & Trust) Orlando FL Preferred Stock w/ Exercised Warrants 5,677,000 $ Par 

2 1/23/2009 CalWest Bancorp Rancho Santa Margarita CA Preferred Stock w/ Exercised Warrants 4,656,000 $ Par 

2 1/23/2009 Fresno First Bank Fresno CA Preferred Stock w/ Exercised Warrants 1,968,000 $ Par 

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

2 1/23/2009 Alarion Financial Services, Inc. Ocala FL Preferred Stock w/ Exercised Warrants 6,514,000 $ Par 2 1/23/2009 Midland States Bancorp, Inc. Effingham IL Preferred Stock w/ Exercised Warrants 10,189,000 $ Par 12/23/2009 2 1/23/2009 Moscow Bancshares, Inc. Moscow TN Preferred Stock w/ Exercised Warrants 6,216,000 $ Par 2 1/23/2009 Farmers Bank Windsor VA Preferred Stock w/ Exercised Warrants 8,752,000 $ Par 2 1/23/2009 California Oaks State Bank Thousand Oaks CA Preferred Stock w/ Exercised Warrants 3,300,000 $ Par 

2 1/23/2009 Pierce County Bancorp Tacoma WA Preferred Stock w/ Exercised Warrants 6,800,000 $ Par 2 1/23/2009 Calvert Financial Corporation Ashland MO Preferred Stock w/ Exercised Warrants 1,037,000 $ Par 2 1/23/2009 Liberty Bancshares, Inc. Jonesboro AR Preferred Stock w/ Exercised Warrants 57,500,000 $ Par 

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

2 1/23/2009 BankFirst Capital Corporation Macon MS Preferred Stock w/ Exercised Warrants 15,500,000 $ Par 2 1/23/2009 Southern Illinois Bancorp, Inc. Carmi IL Preferred Stock w/ Exercised Warrants 5,000,000 $ Par 2 1/23/2009 FPB Financial Corp. Hammond LA Preferred Stock w/ Exercised Warrants 3,240,000 $ Par 12/16/2009 

2 1/23/2009 Stonebridge Financial Corp. West Chester PA Preferred Stock w/ Exercised Warrants 10,973,000 $ Par 

1/30/2009 Peoples Bancorp Inc. Marietta OH Preferred Stock w/ Warrants 39,000,000 $ Par 

1/30/2009 Anchor BanCorp Wisconsin Inc. Madison WI Preferred Stock w/ Warrants 110,000,000 $ Par 

1/30/2009 Parke Bancorp, Inc. Sewell NJ Preferred Stock w/ Warrants 16,288,000 $ Par 

1/30/2009 Central Virginia Bankshares, Inc. Powhatan VA Preferred Stock w/ Warrants 11,385,000 $ Par 

1/30/2009 1/30/2009 Flagstar Bancorp, Inc. Fl t B I Troy MI Preferred Stock w/ Warrants 266,657,000 P f d St k / W t $ Par $ 266 657 000 P

1/30/2009 Middleburg Financial Corporation Middleburg VA Preferred Stock w/ Warrants 22,000,000 $ Par 12/23/2009 

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

1/30/2009 Central Valley Community Bancorp Fresno CA Preferred Stock w/ Warrants 7,000,000 $ Par 1/30/2009 Plumas Bancorp Quincy CA Preferred Stock w/ Warrants 11,949,000 $ Par 1/30/2009 Stewardship Financial Corporation Midland Park NJ Preferred Stock w/ Warrants 10,000,000 $ Par 

1/30/2009 Oak Ridge Financial Services, Inc. Oak Ridge NC Preferred Stock w/ Warrants 7,700,000 $ Par 

1/30/2009 First United Corporation Oakland MD Preferred Stock w/ Warrants 30,000,000 $ Par 

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 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment Dat

Footnote Purchase Date 

Seller Purchase Details Capital R

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

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

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

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

2 1/30/2009 Ojai Community Bank Ojai CA Preferred Stock w/ Exercised Warrants 2,080,000 $ Par 

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

2 1/30/2009 Beach Business Bank Manhattan Beach CA Preferred Stock w/ Exercised Warrants 6,000,000 $ Par 

3 1/30/2009 Legacy Bancorp, Inc. Milwaukee WI Preferred Stock 5,498,000 $ Par 2 1/30/2009 First Southern Bancorp, Inc. Boca Raton FL Preferred Stock w/ Exercised Warrants 10,900,000 $ Par 2 1/30/2009 Country Bank Shares, Inc. Milford NE Preferred Stock w/ Exercised Warrants 7,525,000 $ Par 

2 1/30/2009 Katahdin Bankshares Corp. Houlton ME Preferred Stock w/ Exercised Warrants 10,449,000 $ Par 2 1/30/2009 Rogers Bancshares, Inc. Little Rock AR Preferred Stock w/ Exercised Warrants 25,000,000 $ Par 

2 1/30/2009 UBT Bancshares, Inc. Marysville KS Preferred Stock w/ Exercised Warrants 8,950,000 $ Par 2 1/30/2009 Bankers' Bank of the West Bancorp, Inc. Denver CO Preferred Stock w/ Exercised Warrants 12,639,000 $ Par 2 1/30/2009 W.T.B. Financial Corporation Spokane WA Preferred Stock w/ Exercised Warrants 110,000,000 $ Par 2 1/30/2009 AMB Financial Corp. Munster IN Preferred Stock w/ Exercised Warrants 3,674,000 $ Par 

2 1/30/2009 Goldwater Bank, N.A. Scottsdale AZ Preferred Stock w/ Exercised Warrants 2,568,000 $ Par 2 1/30/2009 Equity Bancshares, Inc. Wichita KS Preferred Stock w/ Exercised Warrants 8,750,000 $ Par 

2, 13 - 

10/30/2009 1/30/2009 WashingtonFirst Bankshares, Inc. 

(WashingtonFirst Bank) Reston VA Preferred Stock w/ Exercised Warrants 6,633,000 $ Par 

2 1/30/2009 Central Bancshares, Inc. Houston TX Preferred Stock w/ Exercised Warrants 5,800,000 $ Par 2 1/30/2009 Hilltop Community Bancorp, Inc. Summit NJ Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 4/21/2010 

2 1/30/2009 Northway Financial, Inc. Berlin NH Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 2 1/30/2009 Monument Bank Bethesda MD Preferred Stock w/ Exercised Warrants 4,734,000 $ Par 

2 1/30/2009 Metro City Bank Doraville GA Preferred Stock w/ Exercised Warrants 7,700,000 $ Par 2 1/30/2009 F & M Bancshares, Inc. Trezevant TN Preferred Stock w/ Exercised Warrants 4,609,000 $ Par 2 1/30/2009 First Resource Bank Exton PA Preferred Stock w/ Exercised Warrants 2,600,000 $ Par 

2/6/2009 MidWestOne Financial Group, Inc. Iowa City IA Preferred Stock w/ Warrants 16,000,000 $ Par 2/6/2009 Lakeland Bancorp, Inc. Oak Ridge NJ Preferred Stock w/ Warrants 59,000,000 $ Par 2/6/2009 Monarch Community Bancorp, Inc. Coldwater MI Preferred Stock w/ Warrants 6,785,000 $ Par 

2/6/2009 The First Bancshares, Inc. Hattiesburg MS Preferred Stock w/ Warrants 5,000,000 $ Par 2/6/2009 Carolina Trust Bank Lincolnton NC Preferred Stock w/ Warrants 4,000,000 $ Par 2/6/2009 Alaska Pacific Bancshares, Inc. Juneau AK Preferred Stock w/ Warrants 4,781,000 $ Par 

3 2/6/2009 PGB Holdings, Inc. Chicago IL Preferred Stock 3,000,000 $ Par 2 2/6/2009 The Freeport State Bank Harper KS Preferred Stock w/ Exercised Warrants 301,000 $ Par 2 2/6/2009 Stockmens Financial Corporation Rapid City SD Preferred Stock w/ Exercised Warrants 15,568,000 $ Par 

2 2/6/2009 US Metro Bank Garden Grove CA Preferred Stock w/ Exercised Warrants 2,861,000 $ Par 

2 2/6/2009 First Express of Nebraska, Inc. Gering NE Preferred Stock w/ Exercised Warrants 5,000,000 $ Par 

2 2/6/2009 Mercantile Capital Corp. Boston MA Preferred Stock w/ Exercised Warrants 3,500,000 $ Par 2 2/6/2009 Citizens Commerce Bancshares, Inc. Versailles KY Preferred Stock w/ Exercised Warrants 6,300,000 $ Par 3 2/6/2009 Liberty Financial Services, Inc. New Orleans LA Preferred Stock 5,645,000 $ Par 2 2/6/2009 Lone Star Bank Houston TX Preferred Stock w/ Exercised Warrants 3,072,000 $ Par 

18 2/6/2009 Union First Market Bankshares Corporation (First Market Bank, FSB) Bowling Green VA Preferred Stock 33,900,000 $ Par 

2 2/6/2009 Banner County Ban Corporation Harrisburg NE Preferred Stock w/ Exercised Warrants 795,000 $ Par 

2 2/6/2009 Centrix Bank & Trust Bedford NH Preferred Stock w/ Exercised Warrants 7,500,000 $ Par 2 2/6/2009 Todd Bancshares, Inc. Hopkinsville KY Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2 2/6/2009 Georgia Commerce Bancshares, Inc. Atlanta GA Preferred Stock w/ Exercised Warrants 8,700,000 $ Par 

2 2/6/2009 First Bank of Charleston, Inc. Charleston WV Preferred Stock w/ Exercised Warrants 3,345,000 $ Par 

2 2/6/2009 F & M Financial Corporation Salisbur S y NC Preferred Stock w/ Exercised Warrants 17,000,000 $ Par $

2 2/6/2009 The Bank of Currituck Moyock NC Preferred Stock w/ Exercised Warrants 4,021,000 $ Par 2 2/6/2009 CedarStone Bank Lebanon TN Preferred Stock w/ Exercised Warrants 3,564,000 $ Par 2 2/6/2009 Community Holding Company of Florida, Inc. Miramar Beach FL Preferred Stock w/ Exercised Warrants 1,050,000 $ Par 2 2/6/2009 Hyperion Bank Philadelphia PA Preferred Stock w/ Exercised Warrants 1,552,000 $ Par 

2, 13 - 

2/10/2010 2/6/2009 Pascack Bancorp, Inc. (Pascack Community Bank) Westwood NJ Preferred Stock w/ Exercised Warrants 3,756,000 $ Par 

2 2/6/2009 First Western Financial, Inc. Denver CO Preferred Stock w/ Exercised Warrants 8,559,000 $ Par 

2/13/2009 QCR Holdings, Inc. Moline IL Preferred Stock w/ Warrants 38,237,000 $ Par 

9/2/2009 

11/18/2009 

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 Dat

Footnote Purchase Date 

Seller Purchase Details Capital R

2/13/2009 The Bank of Kentucky Financial Corporation Crestview Hills KY Preferred Stock w/ Warrants 34,000,000 $ Par 

2/13/2009 PremierWest Bancorp Medford OR Preferred Stock w/ Warrants 41,400,000 $ Par 

2/13/2009 Carrollton Bancorp Baltimore MD Preferred Stock w/ Warrants 9,201,000 $ Par 

2/13/2009 FNB United Corp. Asheboro NC Preferred Stock w/ Warrants 51,500,000 $ Par 

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

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

2 2/13/2009 State Capital Corporation Greenwood MS Preferred Stock w/ Exercised Warrants 15,000,000 $ Par 2 2/13/2009 BankGreenville Greenville SC Preferred Stock w/ Exercised Warrants 1,000,000 $ Par 

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

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

2 2/13/2009 ColoEast Bankshares, Inc. Lamar CO Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 2 2/13/2009 Santa Clara Valley Bank, N.A. Santa Paula CA Preferred Stock w/ Exercised Warrants 2,900,000 $ Par 

2 2/13/2009 Reliance Bancshares, Inc. Frontenac MO Preferred Stock w/ Exercised Warrants 40,000,000 $ Par 

2 2/13/2009 Regional Bankshares, Inc. Hartsville SC Preferred Stock w/ Exercised Warrants 1,500,000 $ Par 

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

2 2/13/2009 First Choice Bank Cerritos CA Preferred Stock w/ Exercised Warrants 2,200,000 $ Par 

2 2/13/2009 Gregg Bancshares, Inc. Ozark MO Preferred Stock w/ Exercised Warrants 825,000 $ Par 

2 2/13/2009 Hometown Bancshares, Inc. Corbin KY Preferred Stock w/ Exercised Warrants 1,900,000 $ Par 2 2/13/2009 Midwest Regional Bancorp, Inc. Festus MO Preferred Stock w/ Exercised Warrants 700,000 $ Par 11/10/2009 

2 2/13/2009 Bern Bancshares, Inc. 2/13/2009 Bern Bancshares, Inc. Bern KS Preferred Stock w/ Exercised Warrants 985,000 Preferred Stock w/ Exercised Warrants $ Par 985,000 Par

2 2/13/2009 Northwest Bancorporation, Inc. Spokane WA Preferred Stock w/ Exercised Warrants 10,500,000 $ Par 

2 2/13/2009 Liberty Bancshares, Inc. Springfield MO Preferred Stock w/ Exercised Warrants 21,900,000 $ Par 

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

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

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

2/20/2009 Royal Bancshares of Pennsylvania, Inc. Narberth PA Preferred Stock w/ Warrants 30,407,000 $ Par 2/20/2009 First Merchants Corporation Muncie IN Preferred Stock w/ Warrants 116,000,000 $ Par 2/20/2009 Northern States Financial Corporation Waukegan IL Preferred Stock w/ Warrants 17,211,000 $ Par 

2 2/20/2009 Sonoma Valley Bancorp Sonoma CA Preferred Stock w/ Exercised Warrants 8,653,000 $ Par 2 2/20/2009 Guaranty Bancorp, Inc. Woodsville NH Preferred Stock w/ Exercised Warrants 6,920,000 $ Par 2 2/20/2009 The Private Bank of California Los Angeles CA Preferred Stock w/ Exercised Warrants 5,450,000 $ Par 2 2/20/2009 Lafayette Bancorp, Inc. Oxford MS Preferred Stock w/ Exercised Warrants 1,998,000 $ Par 2 2/20/2009 Liberty Shares, Inc. Hinesville GA Preferred Stock w/ Exercised Warrants 17,280,000 $ Par 2 2/20/2009 White River Bancshares Company Fayetteville AR Preferred Stock w/ Exercised Warrants 16,800,000 $ Par 2 2/20/2009 United American Bank San Mateo CA Preferred Stock w/ Exercised Warrants 8,700,000 $ Par 2 2/20/2009 Crazy Woman Creek Bancorp, Inc. Buffalo WY Preferred Stock w/ Exercised Warrants 3,100,000 $ Par 2 2/20/2009 First Priority Financial Corp. Malvern PA Preferred Stock w/ Exercised Warrants 4,579,000 $ Par 2 2/20/2009 Mid-Wisconsin Financial Services, Inc. Medford WI Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 2 2/20/2009 Market Bancorporation, Inc. New Market MN Preferred Stock w/ Exercised Warrants 2,060,000 $ Par 2 2/20/2009 Hometown Bancorp of Alabama, Inc. Oneonta AL Preferred Stock w/ Exercised Warrants 3,250,000 $ Par 2 2/20/2009 Security State Bancshares, Inc. Charleston MO Preferred Stock w/ Exercised Warrants 12,500,000 $ Par 2 2/20/2009 CBB Bancorp Cartersville GA Preferred Stock w/ Exercised Warrants 2,644,000 $ Par 2 2/20/2009 BancPlus Corporation Ridgeland MS Preferred Stock w/ Exercised Warrants 48,000,000 $ Par 2 2/20/2009 Central Community Corporation Temple TX Preferred Stock w/ Exercised Warrants 22,000,000 $ Par 2 2/20/2009 First BancTrust Corporation Paris IL Preferred Stock w/ Exercised Warrants 7,350,000 $ Par 

2 2/20/2009 Premier Service Bank Riverside CA Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 

2 2/20/2009 2/20/2009 Florida Business BancGroup Inc Florida Business BancGroup, Inc. Tampa FL Preferred Stock w/ Exercised Warrants Preferred Stock w/ Exercised Warrants $ 9 495 000 9,495,000 Par

2 2/20/2009 Hamilton State Bancshares Hoschton GA Preferred Stock w/ Exercised Warrants 7,000,000 $ Par 

2/27/2009 Lakeland Financial Corporation Warsaw IN Preferred Stock w/ Warrants 56,044,000 $ Par 2/27/2009 First M&F Corporation Kosciusko MS Preferred Stock w/ Warrants 30,000,000 $ Par 2/27/2009 Southern First Bancshares, Inc. Greenville SC Preferred Stock w/ Warrants 17,299,000 $ Par 

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

2 2/27/2009 Community First Inc. Columbia TN Preferred Stock w/ Exercised Warrants 17,806,000 $ Par 2 2/27/2009 BNC Financial Group, Inc. New Canaan CT Preferred Stock w/ Exercised Warrants 4,797,000 $ Par 2 2/27/2009 California Bank of Commerce Lafayette CA Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2 2/27/2009 Columbine Capital Corp. Buena Vista CO Preferred Stock w/ Exercised Warrants 2,260,000 $ Par 2 2/27/2009 National Bancshares, Inc. Bettendorf IA Preferred Stock w/ Exercised Warrants 24,664,000 $ Par 2 2/27/2009 First State Bank of Mobeetie Mobeetie TX Preferred Stock w/ Exercised Warrants 731,000 $ Par 4/14/2010 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment Dat

Footnote Purchase Date 

Seller Purchase Details Capital R

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 7,400,000 $ Par 2 2/27/2009 Howard Bancorp, Inc. Ellicott City MD Preferred Stock w/ Exercised Warrants 5,983,000 $ Par 2 2/27/2009 FNB Bancorp South San Francisco CA Preferred Stock w/ Exercised Warrants 12,000,000 $ Par 

2, 13 - 

12/4/2009 2/27/2009 The Victory Bancorp, Inc. (The Victory Bank) Limerick PA Preferred Stock w/ Exercised Warrants 541,000 $ Par 

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

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

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

3 3/6/2009 Citizens Bancshares Corporation Atlanta GA Preferred Stock 7,462,000 $ Par 2 3/6/2009 ICB Financial Ontario CA Preferred Stock w/ Exercised Warrants 6,000,000 $ Par 

2 3/6/2009 First Texas BHC, Inc. Fort Worth TX Preferred Stock w/ Exercised Warrants 13,533,000 $ Par 2 3/6/2009 Farmers & Merchants Bancshares, Inc. Houston TX Preferred Stock w/ Exercised Warrants 11,000,000 $ Par 2 3/6/2009 Blue Ridge Bancshares, Inc. Independence MO Preferred Stock w/ Exercised Warrants 12,000,000 $ Par 

2 3/6/2009 First Reliance Bancshares, Inc. Florence SC Preferred Stock w/ Exercised Warrants 15,349,000 $ Par 

2 3/6/2009 Merchants and Planters Bancshares, Inc. Toone TN Preferred Stock w/ Exercised Warrants 1,881,000 $ Par 

2 3/6/2009 First Southwest Bancorporation, Inc. Alamosa CO Preferred Stock w/ Exercised Warrants 5,500,000 $ Par 2 3/6/2009 Germantown Capital Corporation, Inc. Germantown TN Preferred Stock w/ Exercised Warrants 4,967,000 $ Par 

2 3/6/2009 BOH Holdings, Inc. Houston TX Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 2 3/6/2009 AmeriBank Holding Company Collinsville OK Preferred Stock w/ Exercised Warrants 2,492,000 $ Par 2 3/6/2009 Highlands Independent Bancshares, Inc. Sebring FL Preferred Stock w/ Exercised Warrants 6,700,000 $ Par 2 3/6/2009 Pinnacle Bank Holding Company, Inc. Orange City FL Preferred Stock w/ Exercised Warrants 4,389,000 $ Par 2 3/6/2009 Blue River Bancshares, Inc. Shelbyville IN Preferred Stock w/ Exercised Warrants 5,000,000 $ Par 

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

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

2 3/6/2009 PeoplesSouth Bancshares, Inc. Colquitt GA Preferred Stock w/ Exercised Warrants 12,325,000 $ Par 

3/13/2009 First Place Financial Corp. Warren OH Preferred Stock w/ Warrants 72,927,000 $ Par 

3/13/2009 Salisbury Bancorp, Inc. Lakeville CT Preferred Stock w/ Warrants 8,816,000 $ Par 3/13/2009 First Northern Community Bancorp Dixon CA Preferred Stock w/ Warrants 17,390,000 $ Par 

3/13/2009 Discover Financial Services Riverwoods IL Preferred Stock w/ Warrants 1,224,558,000 $ Par 4/21/2010 

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 11/18/2009 

2 3/13/2009 Madison Financial Corporation Richmond KY Preferred Stock w/ Exercised Warrants 3,370,000 $ Par 2 3/13/2009 First National Corporation Strasburg VA Preferred Stock w/ Exercised Warrants 13,900,000 $ Par 

2 3/13/2009 St. Johns Bancshares, Inc. St. Louis MO Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 

2 3/13/2009 Blackhawk Bancorp, Inc. Beloit WI Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 

2, 3a - 

11/13/2009 3/13/2009 IBW Financial Corporation Washington DC Preferred Stock 6,000,000 $ Par 

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

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

2 3/13/2009 Sovereign Bancshares, Inc. Dallas TX Preferred Stock w/ Exercised Warrants 18,215,000 $ Par 2 3/13/2009 First Intercontinental Bank Doraville GA Preferred Stock w/ Exercised Warrants 6,398,000 $ Par 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment Dat

Footnote Purchase Date 

Seller Purchase Details Capital R

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

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

2 3/20/2009 First NBC Bank Holding Company New Orleans LA Preferred Stock w/ Exercised Warrants 17,836,000 $ Par 2 3/20/2009 First Colebrook Bancorp, Inc. Colebrook NH Preferred Stock w/ Exercised Warrants 4,500,000 $ Par 2 3/20/2009 Kirksville Bancorp, Inc. Kirksville MO Preferred Stock w/ Exercised Warrants 470,000 $ Par 

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

2 3/20/2009 Premier Bank Holding Company Tallahassee FL Preferred Stock w/ Exercised Warrants 9,500,000 $ Par 2 3/20/2009 Citizens Bank & Trust Company Covington LA Preferred Stock w/ Exercised Warrants 2,400,000 $ Par 2 3/20/2009 Farmers & Merchants Financial Corporation Argonia KS Preferred Stock w/ Exercised Warrants 442,000 $ Par 

2 3/20/2009 Farmers State Bankshares, Inc. Holton KS Preferred Stock w/ Exercised Warrants 700,000 $ Par 

2 3/27/2009 SBT Bancorp, Inc. Simsbury CT Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 

2 3/27/2009 CSRA Bank Corp. Wrens GA Preferred Stock w/ Exercised Warrants 2,400,000 $ Par 2 3/27/2009 Trinity Capital Corporation Los Alamos NM Preferred Stock w/ Exercised Warrants 35,539,000 $ Par 2 3/27/2009 Clover Community Bankshares, Inc. Clover SC Preferred Stock w/ Exercised Warrants 3,000,000 $ Par 

2 3/27/2009 Pathway Bancorp Cairo NE Preferred Stock w/ Exercised Warrants 3,727,000 $ Par 

2 3/27/2009 Colonial American Bank West Conshohocken PA Preferred Stock w/ Exercised Warrants 574,000 $ Par 2 3/27/2009 MS Financial, Inc. Kingwood TX Preferred Stock w/ Exercised Warrants 7,723,000 $ Par 2 3/27/2009 Triad Bancorp, Inc. Frontenac MO Preferred Stock w/ Exercised Warrants 3,700,000 $ Par 

2 3/27/2009 Alpine Banks of Colorado Glenwood Springs CO Preferred Stock w/ Exercised Warrants 70,000,000 $ Par 2 3/27/2009 Naples Bancorp, Inc. Naples FL Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2 3/27/2009 CBS Banc-Corp. Russellville AL Preferred Stock w/ Exercised Warrants 24,300,000 $ Par 

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

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

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

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

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

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

2 4/3/2009 Titonka Bancshares, Inc Titonka IA Preferred Stock w/ Exercised Warrants 2,117,000 $ Par 2 4/3/2009 Millennium Bancorp, Inc. Edwards CO Preferred Stock w/ Exercised Warrants 7,260,000 $ Par 2 4/3/2009 TriSummit Bank Kingsport TN Preferred Stock w/ Exercised Warrants 2,765,000 $ Par 

2 4/3/2009 Prairie Star Bancshares, Inc. Olathe KS Preferred Stock w/ Exercised Warrants 2,800,000 $ Par 

2 4/3/2009 Community First Bancshares, Inc. Harrison AR Preferred Stock w/ Exercised Warrants 12,725,000 $ Par 

2 4/3/2009 BCB Holding Company, Inc. Theodore AL Preferred Stock w/ Exercised Warrants 1,706,000 $ Par 

2, 3 4/10/2009 City National Bancshares Corporation Newark NJ Preferred Stock 9,439,000 $ Par 

2 4/10/2009 First Business Bank, N.A. San Diego CA Preferred Stock w/ Exercised Warrants 2,211,000 $ Par 2 4/10/2009 SV Financial, Inc. Sterling IL Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2 4/10/2009 Capital Commerce Bancorp, Inc. Milwaukee WI Preferred Stock w/ Exercised Warrants 5,100,000 $ Par 2 4/10/2009 Metropolitan Capital Bancorp, Inc. Chicago IL Preferred Stock w/ Exercised Warrants 2,040,000 $ Par 

4/17/2009 Bank of the Carolinas Corporation Mocksville NC Preferred Stock w/ Warrants 13,179,000 $ Par 

2 4/17/2009 Penn Liberty Financial Corp. Wayne PA Preferred Stock w/ Exercised Warrants 9,960,000 $ Par 2 4/17/2009 Tifton Banking Company Tifton GA Preferred Stock w/ Exercised Warrants 3,800,000 $ Par 2 4/17/2009 Patterson Bancshares, Inc Patterson LA Preferred Stock w/ Exercised Warrants 3,690,000 $ Par 2 4/17/2009 BNB Financial Services Corporation New York NY Preferred Stock w/ Exercised Warrants 7,500,000 $ Par 2 4/17/2009 Omega Capital Corp. Lakewood CO Preferred Stock w/ Exercised Warrants 2,816,000 $ Par 

4/24/2009 Mackinac Financial Corporation Manistique MI Preferred Stock w/ Warrants 11,000,000 $ Par 

2 4/24/2009 Birmingham Bloomfield Bancshares, Inc Birmingham MI Preferred Stock w/ Exercised Warrants 1,635,000 $ Par 

2 4/24/2009 Vision Bank - Texas Richardson TX Preferred Stock w/ Exercised Warrants 1,500,000 $ Par 

2 4/24/2009 Oregon Bancorp, Inc. Salem OR Preferred Stock w/ Exercised Warrants 3,216,000 $ Par 

2 4/24/2009 Peoples Bancorporation, Inc. Easley SC Preferred Stock w/ Exercised Warrants 12,660,000 $ Par 2 4/24/2009 Indiana Bank Corp. Dana IN Preferred Stock w/ Exercised Warrants 1,312,000 $ Par 2 4/24/2009 Business Bancshares, Inc. Clayton MO Preferred Stock w/ Exercised Warrants 15,000,000 $ Par 2 4/24/2009 Standard Bancshares, Inc. Hickory Hills IL Preferred Stock w/ Exercised Warrants 60,000,000 $ Par 2 4/24/2009 York Traditions Bank York PA Preferred Stock w/ Exercised Warrants 4,871,000 $ Par 2 4/24/2009 Grand Capital Corporation Tulsa OK Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2 4/24/2009 Allied First Bancorp, Inc. Oswego IL Preferred Stock w/ Exercised Warrants 3,652,000 $ Par 8 4/24/2009 Frontier Bancshares, Inc. Austin TX Subordinated Debentures w/ Exercised Warrants $ Par 11/24/2009 3,000,000 

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 
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment Dat

Footnote Purchase Date 

Seller Purchase Details Capital R

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 6,100,0008 5/1/2009 Security State Bank Holding-Company Jamestown ND Subordinated Debentures w/ Exercised Warrants $ Par 10,750,0002 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 3,000,0008 5/8/2009 Investors Financial Corporation of Pettis County, Inc. Sedalia MO Subordinated Debentures w/ Exercised Warrants $ Par 4,000,0008 5/8/2009 Sword Financial Corporation Horicon WI Subordinated Debentures w/ Exercised Warrants $ Par 13,644,000

3, 8 5/8/2009 Premier Bancorp, Inc. Wilmette IL Subordinated Debentures 6,784,000 $ Par 

5/15/2009 Mercantile Bank Corporation Grand Rapids MI Preferred Stock w/ Warrants 21,000,000 $ Par 

2 5/15/2009 Northern State Bank Closter NJ Preferred Stock w/ Exercised Warrants 1,341,000 $ Par 2 5/15/2009 Western Reserve Bancorp, Inc Medina OH Preferred Stock w/ Exercised Warrants 4,700,000 $ Par 2 5/15/2009 Community Financial Shares, Inc. Glen Ellyn IL Preferred Stock w/ Exercised Warrants 6,970,000 $ Par 2 5/15/2009 Worthington Financial Holdings, Inc. Huntsville AL Preferred Stock w/ Exercised Warrants 2,720,000 $ Par 2 5/15/2009 First Community Bancshares, Inc Overland Park KS Preferred Stock w/ Exercised Warrants 14,800,000 $ Par 

2 5/15/2009 Southern Heritage Bancshares, Inc. Cleveland TN Preferred Stock w/ Exercised Warrants 4,862,000 5/15/2009 S h Hi B h I Cl l d TN P f dS k /E i dW $ Par $ 4 862 000 P2 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 5,586,0008 5/15/2009 Brogan Bankshares, Inc. Kaukauna WI Subordinated Debentures w/ Exercised Warrants $ Par 2,400,0008 5/15/2009 Riverside Bancshares, Inc. Little Rock AR Subordinated Debentures w/ Exercised Warrants $ Par 1,100,0008 5/15/2009 Deerfield Financial Corporation Deerfield WI Subordinated Debentures w/ Exercised Warrants $ Par 2,639,0008 5/15/2009 Market Street Bancshares, Inc. Mt. Vernon IL Subordinated Debentures w/ Exercised Warrants $ Par 20,300,0002 5/22/2009 The Landrum Company Columbia MO Preferred Stock w/ Exercised Warrants 15,000,000 $ Par 2 5/22/2009 First Advantage Bancshares Inc. Coon Rapids MN Preferred Stock w/ Exercised Warrants 1,177,000 $ Par 2 5/22/2009 Fort Lee Federal Savings Bank Fort Lee NJ Preferred Stock w/ Exercised Warrants 1,300,000 $ Par 2 5/22/2009 Blackridge Financial, Inc. Fargo ND Preferred Stock w/ Exercised Warrants 5,000,000 $ Par 2 5/22/2009 Illinois State Bancorp, Inc. Chicago IL Preferred Stock w/ Exercised Warrants 6,272,000 $ Par 2 5/22/2009 Universal Bancorp Bloomfield IN Preferred Stock w/ Exercised Warrants 9,900,000 $ Par 2 5/22/2009 Franklin Bancorp, Inc. Washington MO Preferred Stock w/ Exercised Warrants 5,097,000 $ Par 8 5/22/2009 Commonwealth Bancshares, Inc. Louisville KY Subordinated Debentures w/ Exercised Warrants $ Par 20,400,000

8 5/22/2009 Premier Financial Corp Dubuque IA Subordinated Debentures w/ Exercised Warrants $ Par 6,349,0008 5/22/2009 F & C Bancorp, Inc. Holden MO Subordinated Debentures w/ Exercised Warrants $ Par 2,993,0008 5/22/2009 Diamond Bancorp, Inc. Washington MO Subordinated Debentures w/ Exercised Warrants $ Par 20,445,0008 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 $ Par 19,468,000

2 5/29/2009 American Premier Bancorp Arcadia CA Preferred Stock w/ Exercised Warrants $ Par 1,800,0002 5/29/2009 CB Holding Corp. Aledo IL Preferred Stock w/ Exercised Warrants $ Par 4,114,0002 5/29/2009 Citizens Bancshares Co. Chillicothe MO Preferred Stock w/ Exercised Warrants $ Par 24,990,0002 5/29/2009 Grand Mountain Bancshares, Inc. Granby CO Preferred Stock w/ Exercised Warrants $ Par 3,076,0002 5/29/2009 Two Rivers Financial Group Burlington IA Preferred Stock w/ Exercised Warrants $ Par 12,000,0008 5/29/2009 Fidelity Bancorp, Inc Baton Rouge LA Subordinated Debentures w/ Exercised Warrants $ Par 3,942,0008 5/29/2009 Chambers Bancshares, Inc. Danville AR Subordinated Debentures w/ Exercised Warrants $ Par 19,817,000

2 6/5/2009 Covenant Financial Corporation Clarksdale MS Preferred Stock w/ Exercised Warrants $ Par 5,000,000
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment Dat

Footnote Purchase Date 

Seller Purchase Details Capital R

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 $ Par 2,892,000

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

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

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

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

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 15,000,0002 6/19/2009 Merchants and Manufacturers Bank Corporation Joliet IL Preferred Stock w/ Exercised Warrants $ Par 3,510,000

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

8 6/19/2009 Manhattan Bancshares, Inc. Manhattan IL Subordinated Debentures w/ Exercised Warrants $ Par 2,639,000

8, 10 6/19/2009 Biscayne Bancshares, Inc. Coconut Grove FL Subordinated Debentures w/ Exercised Warrants $ Par 6,400,000

8 6/19/2009 Duke Financial Group, Inc. Minneapolis MN Subordinated Debentures w/ Exercised Warrants $ Par 12,000,0008 6/19/2009 Farmers Enterprises, Inc. Great Bend KS Subordinated Debentures w/ Exercised Warrants $ Par 12,000,0008 6/19/2009 Century Financial Services Corporation Santa Fe NM Subordinated Debentures w/ Exercised Warrants 8 6/19/2009 Century Financial Services Corporation Santa Fe NM $ Par 10,000,000

Warrants $ 10,000,000 Par

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 $ Par 11,926,000

8 6/19/2009 Suburban Illinois Bancorp, Inc. Elmhurst IL Subordinated Debentures w/ Exercised Warrants $ Par 15,000,000

6/26/2009 Hartford Financial Services Group, Inc. Hartford CT Preferred Stock w/ Warrants $ Par 3/31/2010 3,400,000,000 

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

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

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

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

2 6/26/2009 First Alliance Bancshares, Inc. Cordova TN Preferred Stock w/ Exercised Warrants $ Par 3,422,0002 6/26/2009 Gulfstream Bancshares, Inc. Stuart FL Preferred Stock w/ Exercised Warrants $ Par 7,500,000

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

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

2 6/26/2009 Metropolitan Bank Group, Inc. Chicago IL Preferred Stock w/ Exercised Warrants $ Par 71,526,0002 6/26/2009 NC Bancorp, Inc. Chicago IL Preferred Stock w/ Exercised Warrants $ Par 6,880,0002 6/26/2009 Alliance Bancshares, Inc. Dalton GA Preferred Stock w/ Exercised Warrants $ Par 2,986,0008 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 1,700,0008 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 $ Par 13,669,000

2 7/17/2009 7/17/2009 Brotherhood Bancshares Inc Brotherhood Bancshares, Inc. Kansas City Kansas City KS Preferred Stock w/ Exercised Warrants Preferred Stock w/ Exercised Warrants $ 11 000 000 11,000,000 Par

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

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

8 7/17/2009 First South Bancorp, Inc. Lexington TN Subordinated Debentures w/ Exercised Warrants $ Par 50,000,0008 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 $ Par 13,312,000

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

2 7/24/2009 Florida Bank Group, Inc. Tampa FL Preferred Stock w/ Exercised Warrants $ Par 20,471,000
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment Dat

Footnote Purchase Date 

Seller Purchase Details Capital R

8 7/24/2009 First American Bank Corporation Elk Grove Village IL Subordinated Debentures w/ Exercised Warrants $ Par 50,000,0002 7/31/2009 Chicago Shore Corporation Chicago IL Preferred Stock w/ Exercised Warrants $ Par 7,000,000

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 $ Par 20,000,0002 8/7/2009 U.S. Century Bank Miami FL Preferred Stock w/ Exercised Warrants $ Par 50,236,0002 8/14/2009 Bank Financial Services, Inc. Eden Prarie MN Preferred Stock w/ Exercised Warrants $ Par 1,004,0002 8/21/2009 KS Bancorp, Inc. Smithfield NC Preferred Stock w/ Exercised Warrants $ Par 4,000,0008 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 $ Par 3,223,000

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

2, 10 8/28/2009 CoastalSouth Bancshares, Inc. Hilton Head Island SC Preferred Stock w/ Exercised Warrants $ Par 16,015,0008, 10 8/28/2009 TCB Corporation Greenwood SC Subordinated Debentures w/ Exercised Warrants $ Par 9,720,0008, 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 $ Par 6,771,000

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 $ Par 7,000,0002, 10 9/11/2009 PFSB Bancorporation, Inc. Pigeon Falls WI Preferred Stock w/ Exercised Warrants $ Par 1,500,000

8 9/11/2009 Fi E l B h I H Pk IL Subordinated Debentures w/ Exercised 8 9/11/2009 First Eagle Bancshares, Inc. Hanover Park IL $ 7 500 000 P Subordinated Debentures w/ Exercised Warrants $ Par 7,500,000

2, 10 9/18/2009 IA Bancorp, Inc. Iselin NJ Preferred Stock w/ Exercised Warrants 5,976,000 $ Par 2, 10 9/18/2009 HomeTown Bankshares Corporation Roanoke VA Preferred Stock w/ Exercised Warrants 10,000,000 $ Par 2, 10 9/25/2009 Heritage Bankshares, Inc. Norfolk VA Preferred Stock w/ Exercised Warrants 10,103,000 $ Par 

2 9/25/2009 Mountain Valley Bancshares, Inc. Cleveland GA Preferred Stock w/ Exercised Warrants 3,300,000 $ Par 8 9/25/2009 Grand Financial Corporation Hattiesburg MS Subordinated Debentures w/ Exercised Warrants $ Par 2,443,320

3, 8 9/25/2009 Guaranty Capital Corporation Belzoni MS Subordinated Debentures 14,000,000 $ Par 

10, 21 9/25/2009 GulfSouth Private Bank Destin FL Preferred Stock w/ Exercised Warrants 7,500,000 $ Par 

8, 10 9/25/2009 Steele Street Bank Corporation Denver CO Subordinated Debentures w/ Exercised Warrants $ Par 11,019,000

10/2/2009 Premier Financial Bancorp, Inc. Huntington WV Preferred Stock w/ Warrants 22,252,000 $ Par 

2, 10 10/2/2009 Providence Bank Rocky Mount NC Preferred Stock w/ Exercised Warrants 4,000,000 $ Par 2, 10 10/23/2009 Regents Bancshares, Inc. Vancouver WA Preferred Stock w/ Exercised Warrants 12,700,000 $ Par 

8 10/23/2009 Cardinal Bancorp II, Inc. Washington MO

Subordinated Debentures w/ Exercised Warrants 6,251,000 $ Par 

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 4,400,000 $ Par 

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 2,348,0003, 10a 12/4/2009 Broadway Financial Corporation Los Angeles CA Preferred Stock $ Par 6,000,000

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

2, 10 12/4/2009 Liberty Bancshares, Inc. Fort Worth TX Preferred Stock w/ Exercised Warrants $ Par 6,500,000

2 12/11/2009 First Community Financial Partners, Inc. Joliet IL Preferred Stock w/ Exercised Warrants $ Par 22,000,000

2, 10 12/11/2009 Wachusett Financial Services, Inc. Clinton MA Preferred Stock w/ Exercised Warrants $ Par 12,000,000

8 12/11/2009 Nationwide Bankshares, Inc. West Point NE Subordinated Debentures w/ Exercised Warrants $ Par 2,000,000

2, 10a 12/11/2009 GrandSouth Bancorporation Greenville SC Preferred Stock $ Par 6,319,0002, 10a 12/11/2009 1st Enterprise Bank Los Angeles CA Preferred Stock $ Par 6,000,0002, 10a 12/11/2009 First Resource Bank Exton PA Preferred Stock $ Par 2,417,0002, 10a 12/11/2009 First Western Financial, Inc. Denver CO Preferred Stock $ Par 11,881,0002, 10a 12/11/2009 Meridian Bank Devon PA Preferred Stock $ Par 6,335,0002, 10a 12/11/2009 The Victory Bancorp, Inc. Limerick PA Preferred Stock w/ Exercised Warrants $ Par 1,505,0002, 10a 12/11/2009 First Business Bank, N.A. San Diego CA Preferred Stock $ Par 2,032,000
Name of Institution City State Investment Description Investment Amount 

 Pricing 

Mechanism

Capital 

Repayment Dat

Footnote Purchase Date 

Seller Purchase Details Capital R

2 12/18/2009 Layton Park Financial Group Milwaukee WI Preferred Stock w/ Exercised Warrants $ Par 3,000,000

2, 10 12/18/2009 Centric Financial Corporation Harrisburg PA Preferred Stock w/ Exercised Warrants $ Par 6,056,000

2 12/18/2009 Valley Financial Group, Ltd., 1st State Bank Saginaw MI Preferred Stock w/ Exercised Warrants $ Par 1,300,000

2, 10a 12/18/2009 Cache Valley Banking Company Logan UT Preferred Stock $ Par 4,640,000

2, 10a 12/18/2009 Birmingham Bloomfield Bancshares, Inc Birmingham MI Preferred Stock $ Par 1,744,000

2, 10a 12/18/2009 First Priority Financial Corp. Malvern PA Preferred Stock $ Par 4,596,000

2, 10a 12/18/2009 Northern State Bank Closter NJ Preferred Stock $ Par 1,230,000

2, 10a 12/18/2009 Union Bank & Trust Company Oxford NC Preferred Stock $ Par 2,997,000

2, 10 12/22/2009 First Freedom Bancshares, Inc. Lebanon TN Preferred Stock w/ Exercised Warrants $ Par 8,700,000

2, 10a 12/22/2009 First Choice Bank Cerritos CA Preferred Stock $ Par 2,836,000

2, 10a 12/22/2009 Highlands State Bank Vernon NJ Preferred Stock $ Par 2,359,0002, 10a 12/22/2009 Medallion Bank Salt Lake City UT Preferred Stock w/ Exercised Warrants $ Par 9,698,000

2, 10a 12/22/2009 Catskill Hudson Bancorp, Inc Rock Hill NY Preferred Stock w/ Exercised Warrants $ Par 3,500,000

2, 10a 12/22/2009 TriSummit Bank Kingsport TN Preferred Stock $ Par 4,237,000

2, 10 12/29/2009 Atlantic Bancshares, Inc. Bluffton SC Preferred Stock w/ Exercised Warrants $ Par 2,000,000

2, 10 12/29/2009 Union Financial Corporation Albuquerque NM Preferred Stock w/ Exercised Warrants $ Par 2,179,000

2 12/29/2009 Mainline Bancorp, Inc. Ebensburg PA Preferred Stock w/ Exercised Warrants $ Par 4,500,000

8, 10 12/29/2009 FBHC Holding Company Boulder CO Subordinated Debentures w/ Exercised Warrants $ Par 3,035,000

2, 10a 12/29/2009 Western Illinois Bancshares Inc. Monmouth IL Preferred Stock $ Par 4,567,000

2, 10a 12/29/2009 DeSoto County Bank Horn Lake MS Preferred Stock $ Par 1,508,0002, 10a 12/29/2009 Lafayette Bancorp, Inc. Oxford MS Preferred Stock $ Par 2,453,0002, 10a 12/29/2009 Private Bancorporation, Inc. Minneapolis MN Preferred Stock $ Par 3,262,000

2, 10a 12/29/2009 CBB Bancorp Cartersville GA Preferred Stock $ Par 1,753,0002, 10a 12/29/2009 Illinois State Bancorp, Inc. Chicago IL Preferred Stock w/ Exercised Warrants $ Par 4,000,000

Total Purchase Amount * 204,901,756,320 $ 

Notes appear on the following page.* Total purchase amount includes the capitalization of accrued dividends referred to in Notes 20 and 22.

Total Losses 

TOTAL TREASURY CAPITAL PURCHASE PROGRAM (CPP) INVESTMENT AMOUNT
10/ This institution participated in the expansion of CPP for small banks.

1a/ This transaction was included in previous Transaction Reports with Merrill Lynch & Co., Inc. listed as the qualifying institution and a 10/28/2008 transaction date, footnoted to indicate that settlement was deferred pending m1b/ The warrant disposition proceeds amount are stated pro rata in respect of the CPP investments in Bank of America Corporation that occurred on 10/28/2008 and 1/9/2009. The total gross disposition proceeds from CPP won 3/3/2010 appear on a following page of this report. 2/ Privately-held qualified financial institution; Treasury received a warrant to purchase additional shares of preferred stock (unless the institution is a CDFI), which it exercised immediately.3/ To promote community development financial institutions (CDFIs), Treasury does not require warrants as part of its investment in certified CDFIs when the size of the investment is $50 million or less.3a/ Treasury cancelled the warrants received from this institution due to its designation as a CDFI.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/ This amount does not include accrued and unpaid dividends, which must be paid at the time of capital repayment.7/ The proceeds associated with the disposition of this investment do not include accrued and unpaid dividends.8/ Subchapter S corporation; Treasury received a warrant to purchase additional subordinated debentures (unless the institution is a CDFI), which it exercised immediately.9/ In its qualified equity offering, this institution raised more capital than Treasury’s original investment, therefore, the number of Treasury’s shares underlying the warrant was reduced by half.21/ On 3/30/2010, Treasury exchanged its $7,500,000 of Subordinated Debentures in GulfSouth Private Bank for an equivalent amount of Preferred Stock, in connection with its conversion from a Subchapter S-Corporation, th10a/ This institution received an additional investment through the expansion of CPP for small banks.11/ Treasury made three separate investments in Citigroup Inc. (Citigroup) under the CPP, Targeted Investment Program (TIP), and Asset Guarantee Program (AGP) for a total of $49 billion. On 6/9/2009, Treasury entered into 

Stock, Series H (CPP Shares) "dollar for dollar" in Citigroup's Private and Public Exchange Offerings. On 7/23/2009 and 7/30/2009, Treasury exchanged a total of $25 billion of the CPP shares for Series M Common Stock Equshares of common stock and the associated warrant terminated on receipt of certain shareholder approvals.12/ On 8/24/2009, Treasury exchanged its Series C Preferred Stock issued by Popular, Inc. for a like amount of non tax-deductible Trust Preferred Securities issued by Popular Capital Trust III, administrative trustee for Popula

13/ This institution converted to a bank holding company structure and Treasury exchanged its securities for a like amount of securities that comply with the CPP terms applicable to bank holding companies. The institution in w

14/ As of the date of this report, this institution is in bankruptcy proceedings. 15/ For final disposition of warrants, "R" represents proceeds from a repurchase of warrants by the financial institution, and "A" represents the proceeds to Treasury, before underwriting fees and selling expenses, from a sale b16/ On 12/10/2009, the bankruptcy reorganization plan of CIT Group Inc. became effective and Treasury's preferred stock and warrant investment were extinguished and replaced by Contingent Value Rights (CVRs). On 2/8/217/ On 12/11/2009, Treasury exchanged its Series A Preferred Stock issued by Superior Bancorp, Inc. for a like amount of non tax-deductible Trust Preferred Securities issued by Superior Capital Trust II, administrative trustee 18/ On 2/1/2010, following the acquisition of First Market Bank (First Market) by Union Bankshares Corporation (the acquiror), the preferred stock and exercised warrants issued by First Market on 2/6/2009 were exchanged for 19/ On 2/11/2010, Pacific Coast National Bancorp dismissed its bankruptcy proceedings with no recovery to any creditors or investors, including Treasury, and the investment was extinguished.20/ On 3/8/2010, Treasury exchanged its $84,784,000 of Preferred Stock in Midwest Banc Holdings, Inc. (MBHI) for $89,388,000 of Mandatory Convertible Preferred Stock (MCP), which is equivalent to the initial investment am

conditions related to its capital plan, the MCP may be converted to common stock.22/ On 4/16/2010, Treasury exchanged its $72,000,000 of Preferred Stock in Independent Bank Corporation (Independent) for $74,426,000 of Mandatory Convertible Preferred Stock (MCP), which is equivalent to the initial inveIndependent of the conditions related to its capital plan, the MCP may be converted to common stock.23/ Treasury received Citigroup common stock pursuant to the June 2009 Exchange Agreement between Treasury and Citigroup which provided for the exchange into common shares of the preferred stock that Treasury purchM St l & C I t d (M St l ) di ti th it it l t t ll t 1 500 000 000 h f th t k hi h th it d d M 26 2010 l ti f th l (S Morgan Stanley & Co. Incorporated (Morgan Stanley) discretionary authority as its sales agent to sell up to 1,500,000,000 shares of the common stock, which authority ended on May 26, 2010 upon completion of the sale. (SeMorgan Stanley discretionary authority as its sales agent to sell up to 1,500,000,000 shares of the common stock from time to time during the period ending on June 30, 2010 (or on completion of the sale). Such sales will geneprice per share and the total proceeds to Treasury from such sales at the close of that period. 24/ On 4/29/2010, Treasury entered into an agreement with Sterling Financial Corporation (Sterling) to exchange Treasury’s $303,000,000 of Preferred Stock for an equivalent amount of Mandatory Convertible Preferred Stock fulfillment by Sterling of the conditions related to its capital plan, the MCP may be converted to common stock.25/ As of the date of this report, the banking subsidiary of this institution has been placed in receivership and the subsidiary's assets and liabilities were ordered to be sold to another bank.26/ On 5/18/2010, Treasury entered into an agreement with The Toronto-Dominion Bank for the sale of all Preferred Stock and Warrants issued by South Financial Group, Inc. to Treasury at an aggregate purchase price of $13closing conditions.
Pricing Mechanism2 Number of Shares Proceeds3

4/26/2010 -

5/26/2010

1

$4.1217 1,500,000,000 $ 6,182,493,158 

Total Proceeds: $6,182,493,158

3/ Amount represents the gross proceeds to Treasury.

CAPITAL PURCHASE PROGRAM - CITIGROUP, INC.

COMMON STOCK DISPOSITION

Date

1/ On April 26, 2010, Treasury gave Morgan Stanley & Co. Incorporated (Morgan Stanley) discretionary authority, as its sales agent, during the period ending on June 30, 2010 (or upon completion of the sale). Completion of the sale under this authority occurred on 2/ The price set forth is the weighted average price for all sales of Citigroup, Inc. common stock made by Treasury over the course o
12/29/2008 Purchase GMAC Preferred Stock w/ Exercised Warrants $ Par 12/30/2009 5,000,000,000 Exchange for convertible preferred stock $ N/A GMAC 

5,000,000,000 

GMAC GMAC GMAC 

12/30/2009 Purchase GMAC Trust Preferred Securities w/ Exercised Warrants $ Par 2,540,000,00012/30/2009 Purchase GMAC Convertible Preferred Stock w/ Exercised Warrants $ Par 22 1,250,000,00012/29/2008 Purchase General Motors Corporation Debt Obligation 884,024,131 $ Par 2 5/29/2009 Exchange for equity interest in GMAC $ N/A 884,024,131 3

12/31/2008 Purchase General Motors Corporation Debt Obligation w/ Additional Note $ Par 7/10/2009 13,400,000,000 Exchange for preferred and common stock in New GM $ 13,400,000,000 N/A 7

4/22/2009 Purchase General Motors Corporation Debt Obligation w/ Additional Note $ Par 2,000,000,000 4 7/10/2009 Exchange for preferred and common stock in New GM $ 2,000,000,000 N/A 7 General Motors 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 Motors Company 

Transaction Type Seller Description Amount

Pricing 

Mechanism Date

AUTOMOTIVE INDUSTRY FINANCING PROGRAM

Initial Investment Exchange/Transfer/Other Details Treasur

City, State Date 

Type Amount 

Pricing 

Mechanism Obligor 

N/A

General 

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

$ Par 22 12/30/2009 7,500,000,000 Partial exchange for common stock $ 3,000,000,000

GMAC Detroit, MI

5/21/2009 Purchase GMAC Convertible Preferred Stock w/ Exercised Warrants

7 General Motors Holdings LLC Par 6 7/10/2009 

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

6/3/2009 Purchase General Motors Corporation Debt Obligation w/ Additional Note $ Par 30,100,000,000 8 7/10/2009 Exchange for preferred and common stock in New GM $ 22,041,706,310 N/A 9

7/10/2009 Transfer of debt to New GM 7,072,488,605 $ N/A 97/10/2009 Debt left at Old GM 985,805,085 $ N/A 9 Motors Liquida

Company 

1/16/2009 Purchase Chrysler FinCo Debt Obligation w/ Additional Note $ Par 1,500,000,000 13 

1/2/2009 Purchase Chrysler Holding Debt Obligation w/ Additional Note $ Par 6/10/2009 4,000,000,000 Transfer of debt to New Chrysler $ N/A 500,000,000 19 Chrysler Holdin

4/29/2009 Purchase Chrysler Holding Debt Obligation w/ Additional Note $ - - 14

4/29/2009 Purchase Chrysler Holding Debt Obligation w/ Additional Note $ Par 280,130,642 15 

5/1/2009 Purchase Old Chrysler Debt Obligation w/ Additional Note $ 1,888,153,580 16 4/30/2010 (1,888,153,580) $ N/A 23 Old Carco Liquidation Tru

5/20/2009 Purchase Old Chrysler Debt Obligation w/ Additional Note $ - - 17

5/27/2009 Purchase New Chrysler 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 Group LLC 

Chrysler Group LLC 

Total Initial Investment 

Amount $ 81,344,932,551 

Chrylser Auburn Hills, MI

Completion of bankruptcy proceeding; transfer of collateral security to liquidation trust

Chrysler 

FinCo

Farmington 

Hills, MI

Footnotes appear on following page.

Total Treasury Investment 

Amount $ 67,0
"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 Old Carco LLC (fka 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.As used in this table and its footnotes:"GMAC" refers to GMAC Inc., formerly known as GMAC LLC."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 11.7. On 7/10/2009, the principal amount outstanding under the Old GM Loan and interest accrued thereunder were extinguished and exchanged for privately placed preferred and common equity in New GM. (See green lines in the table above.)

8. Under the terms of the $33.3 billion debtor-in-possession credit agreement dated 6/3/2009 with Old GM (the "GM DIP Loan"), Treasury's commitment amount was $30.1 billion. The remaining $2.2 billion of the financing was provided by Canadian governm

9. On 7/10/2009, Treasury and Old GM amended the GM DIP Loan, and the principal amount and interest accrued thereunder were extinguished and exchanged for privately placed preferred and common equity in New GM, except for (i) $7.07 billion, which wtransactions marked by green lines in table above) and (ii) $986 million, which remained a debt obligation of Old GM. 10. In total, for the exchange of the Old GM Loan and the GM DIP Loan (other than as explained in footnote 9), Treasury received $2.1 billion in preferred shares and 60.8% of the common shares of New GM. (See transactions marked by green lines in the ta11. Pursuant to a corporate reorganization completed on or about 10/19/2009, the shareholders of New GM, including with respect to Treasury's preferred and common stock, became shareholders of General Motors Holding Company (the ultimate parent com

GM was converted to "General Motors LLC". General Motors LLC is a wholly owned subsidiary of General Motors Holdings LLC, and General Motors Holdings LLC is a wholly owned subsidiary of General Motors Company.12. Pursuant to a corporate reorganization completed on 10/19/2009, Treasury's loan with New GM was assigned and assumed by General Motors Holdings LLC.1. Payment amount does not include accrued and unpaid interest on a debt obligation, which must be paid at the time of principal repayment.

2. Treasury committed to lend General Motors Corporation up to $1,000,000,000. The ultimate funding was dependent upon the level of investor participation in GMAC LLC's rights offering. The amount has been updated to reflect the final level of funding. 

3. Pursuant to its rights under the loan agreement with Old GM reported on 12/29/2008, Treasury exchanged its $884 million loan to Old GM for a portion of Old GM’s common equity interest in GMAC. Treasury held a 35.4% common equity interest in GMAC 4. This transaction is an amendment to Treasury's 12/31/2008 agreement with Old GM (the "Old GM Loan"), which brought the total loan amount to $15,400,000,000.

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

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 Old GM . On 7/10/2009, the p19. Pursuant to the agreement explained in footnote 18, $500 million of this debt obligation was assumed by New Chrysler. 20. Under loan agreement, as amended on 7/23/2009, Treasury was entitled to proceeds Chrysler Holdco received from Chrysler FinCo equal to the greater of $1.375 billion or 40% of the equity value of Chrysler FinCo. Pursuant to a termination agreement d

notes and accrued and unpaid interest) of Chrysler Holdco and upon receipt of such payment to terminate all such obligations13. The loan was funded through Chrysler LB Receivables Trust, a special purpose vehicle created by Chrysler FinCo. The amount of $1,500,000,000 represents the maximum loan amount. The loan was incrementally funded until it reached the maximum am14. This transaction was an amendment to Treasury's 1/2/2009 agreement with Chrysler Holding. As of 4/30/2009, Treasury's obligation to lend any funds committed under this amendment had terminated. No funds were disbursed.

15. The loan was used to capitalize Chrysler Warranty SPV LLC, a special purpose vehicle created by Old Chrysler. 16. This transaction was set forth in a credit agreement with Old Chrysler fully executed on 5/5/2009 following a term sheet executed on 5/1/2009 and made effective on 4/30/2009. Treasury's commitment was $3.04 billion of the total $4.1 billion debtor-in-poss

terminated. The remaining principal amount reflects the final amount of funds disbursed under the Chrylser DIP Loan.17. This transaction was an amendment to Treasury's commitment under the Chrysler DIP Loan, which increased Treasury's commitment by an amount $756,857,000 to a total of $3.8 billion under the Chrysler DIP Loan. As of 6/30/2009, Treasury's obligation 

18. This transaction, first reported based on a term sheet fully executed on 5/27/2009 for an amount up to $6.943 billion, was set forth in a credit agreement with New Chrysler fully executed on 6/10/2009. Under the terms of the credit agreement, Treasury mad

6/10/2009 from Chrysler Holding originally incurred under Treasury's 1/2/2009 credit agreement with Chrysler Holding. The debt obligations are secured by a first priority lien on the assets of New Chrysler. When the sale to new Chrysler was completed, Treas

City State

Adjustmen

Amount

6

7/8/2009 3 $ (500,000,0

7

$ 5,000,000,000 

notes and accrued and unpaid interest) of Chrysler Holdco, and upon receipt of such payment to terminate all such obligations.

21. Amount of the Treasury investment after exchange includes the exercised warrants from Treasury's initial investment. 22. Under the terms of an agreement dated 12/30/2009, the convertible preferred shares will mandatorily convert to common stock under the conditions and the conversion price as set forth in the terms of the agreement. 23. On April 30, 2010, the Plan of Liquidation for the debtors of Old Chrysler approved by the respective bankruptcy court became effective (the “Liquidation Plan”). Under the Liquidation Plan, the loan Treasury had provided to Old Chrysler was extinguished w

liquidation from time to time of the specified collateral security attached to such loan.

AUTOMOTIVE SUPPLIER SUPPORT PROGRAM

Pricing Mechanism

Adjustme

Name of Institution

Adjustment 

Date

Footnote Date 

Seller

Transaction Type

Investment 

Description 

Investment 

Amount

2 4/9/2009 Chrysler Receivables SPV LLC Wilmington DE Purchase Debt Obligation w/ Additional Note $ 1,500,000,000

Debt Obligation w/ Additional Note $ N/A 3,500,000,000

7/8/2009 3 $ (1,000,000,0

1 4/9/2009 GM Supplier Receivables LLC Wilmington DE Purchase

1/ The loan was funded through GM Supplier Receivables, LLC, a special purpose vehicle created by General Motors Corporation. The amount of $3,500,000,000 represents the maximum loan amount. The loan will be incrementally funded. The credit agreem

2/ The loan was funded through Chrysler Receivables SPV LLC, a special purpose vehicle created by Chrysler LLC. The amount of $1,500,000,000 represents the maximum loan amount. The loan will be incrementally funded. The credit agreement was fully e

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.5/ All outstanding principal drawn under the credit agreement was repaid.

N/A

INITIAL TOTAL ADJUSTED TOTAL 413,076,735 $ Total Repayments 413,076,7

$ 

6/ Treasury's commitment was $2.5 billion (see note 3). As of 4/5/2009, Treasury's commitment to lend under the credit agreement had terminated and the borrower has paid its obligations with respect to the Additional Note. The final investment amount refle

7/ Treasury 7/ Treasury s' commitment was $1 billion (see note 3) As of 4/7/2009 Treasury commitment was $1 billion (see note 3). As of 4/7/2009, Treasury s' commitment to lend under the credit agreement had terminated and the borrower has paid its obligations with respect to the Additional Note The final i commitment to lend under the credit agreement had terminated and the borrower has paid its obligations with respect to the Additional Note. The final investment nvestment amount reflect

amount reflect
Date Name of Institution City State

Capital 

Repayment Date

Capital Repayment 

Amount

Remaining 

Capital Amount

Remaining Capital 

Description Final Disposition Date 3

Di

De

1 12/31/2008 Citigroup Inc. New York NY Purchase

Trust Preferred Securities w/ Warrants $ 20,000,000,000 Par 12/23/2009 2 $ 20,000,000,000 0 $ Warrants

1/16/2009

Bank of America Corporation Charlotte NC Purchase

Preferred Stock w/ Warrants $ 20,000,000,000 Par 12/9/2009

2

 $ 20,000,000,000 $ 0 Warrants 3/3/2010 A W

TOTAL $ 40,000,000,000 $ 40,000,000,000 

$ 0

Date Name of Institution City State

1 1/16/2009 Citigroup Inc. New York NY Guarantee Master Agreement $ 5,000,000,000 

Preferred Stock 

w/ Warrants 2 6/9/2009

Exchange preferred stock for trust preferred securities

Trust Preferred Securities w/ Warrants 

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

TOTAL $ 0

3/ For final disposition of warrants, "R" represents proceeds from a repurchase of warrants by the financial institution, and "A" represents the proceeds to Treasury, before underwriting fees and selling expenses, from a sale by Treasury in a registered public offering of the warrants issue

TARGETED INVESTMENT PROGRAM

Footnote

Seller

Transaction 

Type Investment Description Investment Amount

Pricing 

Mechanism

Capital Repayment Details

Treasury Investment Remaining After Capital 

Repayment Final Di

AMOUNT Total Warrant Procee

TOTAL TREASURY TIP INVESTMENT AMOUNT

1/ Treasury made three separate investments in Citigroup Inc. ("Citigroup") under CPP, TIP, and AGP for a total of $49 billion. On 6/9/2009, Treasury entered into an agreement with Citigroup to exchange all of Treasury’s investments. On 7/30/2009, Treasury exchanged all of its Fixed R

Stock, Series I (TIP Shares) “dollar for dollar” for Trust Preferred Securities.2/ Repayment pursuant to Title VII, Section 7001 of the American Recovery and Reinvestment Act of 2009.

Footnote Date Type Description

ASSET GUARANTEE PROGRAM

Footnote

Initial Investment Premium Exchange/Transfer/Other Details 

Seller

Type Description Guarantee Limit

2/ Treasury made three separate investments in Citigroup Inc. ("Citigroup") under CPP, TIP, and AGP for a total of $49 billion. On 6/9/2009, Treasury entered into an agreement with Citigroup to exchange all of Treasury’s investments. On 7/30/2009, Treasury exchanged all of its Fixed R

Preferred Securities. 3/ On 12/23/2009, Treasury entered into a Termination Agreement with the other parties to the Master Agreement which served to terminate Treasury’s guarantee and obligations under the Master Agreement. In connection with the early termination of the guarantee, Treasury agreed to 

subject to the conditions set out in the Termination Agreement, the FDIC may transfer $800 million of Trust Preferred Securities to Treasury at the close of Citigroup’s participation in the FDIC’s Temporary Liquidity Guarantee Program.

 $ 4,034,000,000 $ 4,0

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

A

Description Amount 
Name of Institution City State

1 3/3/2009 TALF LLC Wilmington DE Purchase Debt Obligation w/ Additional Note $ 20,000,000,000 N/A

TOTAL $ 20,000,000,000

Seller 

Name of Institution City State 

Transaction 

Type Investment Description Investment Amount Pricing Mech

11/25/2008 AIG New York NY Purchase Preferred Stock w/ Warrants 40,000,000,000 $ Par 

3 4/17/2009 AIG New York NY Purchase Preferred Stock w/ Warrants 29,835,000,000 $ Par 

TOTAL $ 69,835,000,000

CONSUMER AND BUSINESS LENDING INITIATIVE INVESTMENT PROGRAM

Footnote Date

Seller Transaction 

Type Investment Description Investment Amount Pricing Mech

1/ On 4/17/2009, Treasury exchanged its Series D Fixed Rate Cumulative Preferred Shares for Series E Fixed Rate Non-Cumulative Preferred Shares with no change to Treasury's initial investment amount. In additionthe cumulative unpaid dividends for the Series D Preferred Shares due to Treasury through and including the exchange date.

1/ The loan was funded through TALF LLC, a special purpose vehicle created by The Federal Reserve Bank of New York. The amount of $20,000,000,000 represents the maximum loan amount. The loan will be increm

funded.

AMERICAN INTERNATIONAL GROUP, INC. (AIG) INVESTMENT PROGRAM

(formerly referred to as Systemically Significant Failing Institutions)

Footnote Date 

Purchase Details 

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

2/ The investment price reflects Treasury's commitment to invest up to $30 billion less a reduction of $165 million representing retention payments AIG Financial Products made to its employees in March 2009.

3/ This transaction does not include AIG's commitment fee of an additional $165 million scheduled to be paid from its operating income in three equal installments over the five-year life of the facility.
Name of Institution City State Date Amount

Repayme

Date

1/11/201

1 9/30/2009 Invesco Legacy Securities Master Fund, L.P. Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par 3/22/2010

6

$ 1,244,437,500

2/18/201

4/15/201

1 10/1/2009 Wellington Management Legacy Securities PPIF Master Fund, LP Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par 3/22/2010

6

$ 1,262,037,500

2 10/1/2009 Wellington Management Legacy Securities PPIF Master Fund, LP Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par 3/22/2010

6

$ 2,524,075,000

1 10/2/2009 AllianceBernstein Legacy Securities Master Fund, L.P. Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par 3/22/2010

6

$ 1,244,437,500

2 10/2/2009 AllianceBernstein Legacy Securities Master Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par 3/22/2010

6

$ 2,488,875,000

1 10/2/2009 Blackrock PPIF, L.P. Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par 3/22/2010

6

$ 1,244,437,500

2 10/2/2009 Blackrock PPIF, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par 3/22/2010

6

$ 2,488,875,000

6

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

(Revised as of March 24, 2010)

Footnote Date

Seller

Transaction 

Type Investment Description Investment Amount

Pricing 

Mechanism

Adjusted Investment 3 Capital 

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

2 9/30/2009 UST/TCW Senior Mortgage Securities Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds

$ Par 1/4/2010 4 156,250,000 1,111,111,111 $ 1/15/201

2 9/30/2009 Invesco Legacy Securities Master Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds

$ Par 1/4/2010 2,222,222,222

4

$ 200,000,000

1/12/201

$ Par 3/22/2010 2,222,222,222

6

$ 2,488,875,000

1 10/30/2009 AG GECC PPIF Master Fund, L.P. Wilmington DE Purchase Membership Interest $ Pa 1,111,111,111 r 3/22/2010 1,271,337,500 $ 

2 10/30/2009 AG GECC PPIF Master Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par 3/22/2010

6

$ 2,542,675,000

1 11/4/2009 RLJ Western Asset Public/Private Master Fund, L.P. Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par 3/22/2010

6

$ 1,244,437,500

2 11/4/2009 RLJ Western Asset Public/Private Master Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par 3/22/2010

6

$ 2,488,875,000

1 11/25/2009 Marathon Legacy Securities Public-Private Investment Partnership, L.P. Wilmington DE Purchase Membership Interest 1,111,1 $ Pa 11,111 r 3/22/2010

6

$ 1,244,437,500

2 11/25/2009 Marathon Legacy Securities Public-Private Investment Partnership, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par 3/22/2010

6

$ 2,488,875,000

1 12/18/2009 Oaktree PPIP Fund, L.P. Wilmington DE Purchase Membership Interest 1,111,111,111 $ Par 3/22/2010

6

$ 1,244,437,500

2 12/18/2009 Oaktree PPIP Fund, L.P. Wilmington DE Purchase Debt Obligation w/ Contingent Proceeds 2,222,222,222 $ Par 3/22/2010

6

$ 2,488,875,000

TOTAL INVESTMENT AMOUNT $ 30,356,250,000 

6/ Following termination of the TCW fund, the $3.33 billion of obligations have been reallocated to the remaining eight funds pursuant to consent letters from Treasury dated as of 3/22/2010. $133 million of maximum equity capital obligation and $267 million of maximum d

private investors in the TCW fund to the Wellington fund and the AG GECC fund, respectively. The $356 million of final investment in the TCW fund will remain a part of Treasury's total maximum S-PPIP investment amount.

1/ The equity amount may be incrementally funded. Investment amount represents Treasury's maximum obligation if the limited partners other than Treasury fund their maximum equity capital obligations.2/ The loan may be incrementally funded. Investment amount represents Treasury's maximum obligation if Treasury and the limited partners other than Treasury fund 100% of their maximum equity obligations.3/ Adjusted to show Treasury's maximum obligations to a fund.4/ On 1/4/2010, Treasury and the fund manager entered into a Winding-Up and Liquidation Agreement. The adjusted amount shows Treasury's final investments in the fund. (See note 6.)5/ Profit after capital repayments will be paid pro rata (subject to prior distribution of Contingent Proceeds to Treasury) to the fund's partners, including Treasury, in respect of their membership interests.

TOTAL CAPITAL REPA
Servicer Modifying Borrowers' Loans

Name of Institution City State 

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

eport [Section 105(3)(C, D, G)] 

4/13/2009 CitiMortgage, Inc. O'Fallon MO Purchase Financial Instrument for Home Loan Modifications $ 2,071,000,000 N/A 

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

HOME AFFORDABLE MODIFICATION PROGRAM

Date 

Transaction 

Type Investment Description 

Cap of Incentive Payments 

on Behalf of Borrowers and 

to Servicers & 

Lenders/Investors (Cap) 1

Pricing 

Mechani

4/13/2009 GMAC Mortgage, Inc. Ft. Washington PA Purchase Financial Instrument for Home Loan Modifications $ 633,000,000 N/A 4/13/2009 Saxon Mortgage Services, Inc. Irving TX Purchase Financial Instrument for Home Loan Modifications $ 407,000,000 N/A 

4/13/2009 Chase Home Finance, LLC Iselin NJ Purchase Financial Instrument for Home Loan Modifications $ 3,552,000,000 N/A 4/16/2009 Ocwen Financial Corporation, Inc. West Palm Beach FL Purchase Financial Instrument for Home Loan Modifications $ 659,000,000 N/A 

4/17/2009 as 

amended on Bank of America, N.A. Simi Valley CA Purchase Financial Instrument for Home Loan Modifications $ 798,900,000 N/A 
Servicer Modifying Borrowers' Loans

Name of Institution City State 

Date 

Transaction 

Type Investment Description 

Cap of Incentive Payments 

on Behalf of Borrowers and 

to Servicers & 

Lenders/Investors (Cap) 1

Pricing 

Mechani

4/17/2009 as 

amended on Countrywide Home Loans Servicing LP Simi Valley CA Purchase Financial Instrument for Home Loan Modifications $ 1,864,000,000 N/A 

4/20/2009 Home Loan Services, Inc. Pittsburgh PA Purchase Financial Instrument for Home Loan Modifications $ 319,000,000 N/A 4/20/2009 Wilshire Credit Corporation Beaverton OR Purchase Financial Instrument for Home Loan Modifications $ 366,000,000 N/A 

4/24/2009 Green Tree Servicing LLC Saint Paul MN Purchase Financial Instrument for Home Loan Modifications 156,000,000 $ N/A 

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

5/1/2009 Aurora Loan Services, LLC Littleton CO Purchase Financial Instrument for Home Loan Modifications 798,000,000 $ N/A 

5/28/2009 Nationstar Mortgage LLC Lewisville TX Purchase Financial Instrument for Home Loan Modifications 101,000,000 $ N/A 

6/12/2009 Residential Credit Solutions Fort Worth TX Purchase Financial Instrument for Home Loan Modifications 19,400,000 $ N/A 
Servicer Modifying Borrowers' Loans

Name of Institution City State 

Date 

Transaction 

Type Investment Description 

Cap of Incentive Payments 

on Behalf of Borrowers and 

to Servicers & 

Lenders/Investors (Cap) 1

Pricing 

Mechani

6/17/2009 CCO Mortgage Glen Allen VA Purchase Financial Instrument for Home Loan Modifications 16,520,000 $ N/A 6/17/2009 RG Mortgage Corporation San Juan PR Purchase Financial Instrument for Home Loan Modifications 57,000,000 $ N/A 6/19/2009 First Federal Savings and Loan Port Angeles WA Purchase Financial Instrument for Home Loan Modifications 770,000 $ N/A 6/19/2009 Wescom Central Credit Union Anaheim CA Purchase Financial Instrument for Home Loan Modifications 540,000 $ N/A 6/26/2009 Citizens First Wholesale Mortgage Company The Villages FL Purchase Financial Instrument for Home Loan Modifications 30,000 $ N/A 

6/26/2009 Technology Credit Union San Jose CA Purchase Financial Instrument for Home Loan Modifications 70,000 $ N/A 6/26/2009 National City Bank Miamisburg OH Purchase Financial Instrument for Home Loan Modifications 294,980,000 $ N/A 

7/1/2009 Wachovia Mortgage, FSB Des Moines IA Purchase Financial Instrument for Home Loan Modifications 634,010,000 $ N/A 7/1/2009 Bayview Loan Servicing, LLC Coral Gables FL Purchase Financial Instrument for Home Loan Modifications 44,260,000 $ N/A 

7/10/2009 Lake National Bank Mentor OH Purchase Financial Instrument for Home Loan Modifications 100,000 $ N/A 

7/10/2009 IBM Southeast Employees' Federal Credit Union Delray Beach FL Purchase Financial Instrument for Home Loan Modifications 87 $ N/A 0,000 
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

Pricing 

Mechani

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 
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

Pricing 

Mechani

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 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 
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

Pricing 

Mechani

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 
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

Pricing 

Mechani

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/A 

10/14/2009 Mortgage Clearing Corporation Tulsa OK Purchase Financial Instrument for Home Loan Modifications 4,860,000 $ N/A 

10/21/2009 United Bank Mortgage Corporation Grand Rapids MI Purchase Financial Instrument for Home Loan Modifications 410,000 $ N/A 

10/23/2009 Bank United Miami Lakes FL Purchase Financial Instrument for Home Loan Modifications 93,660,000 $ N/A 

10/23/2009 IC Federal Credit Union Fitchburg MA Purchase Financial Instrument for Home Loan Modifications 760,000 $ N/A 

10/28/2009 Harleysville National Bank & Trust Company Harleysville PA Purchase Financial Instrument for Home Loan Modifications 1,070,000 $ N/A 10/28/2009 Members Mortgage Company, Inc Woburn MA Purchase Financial Instrument for Home Loan Modifications 510,000 $ N/A 10/30/2009 DuPage Credit Union Naperville IL Purchase Financial Instrument for Home Loan Modifications 70,000 $ N/A 

11/6/2009 Los Alamos National Bank Los Alamos NM Purchase Financial Instrument for Home Loan Modifications 700,000 $ N/A 

11/18/2009 Quantum Servicing Corporation Tampa FL Purchase Financial Instrument for Home Loan Modifications 18,960,000 $ N/A 

11/18/2009 Hillsdale County National Bank Hillsdale MI Purchase Financial Instrument for Home Loan Modifications 1,670,000 $ N/A 11/18/2009 QLending, Inc. Coral Gables FL Purchase Financial Instrument for Home Loan Modifications 20,000 $ N/A 

11/25/2009 Marix Servicing, LLC Phoenix AZ Purchase Financial Instrument for Home Loan Modifications 20,360,000 $ N/A 

11/25/2009 Home Financing Center, Inc Coral Gables FL Purchase Financial Instrument for Home Loan Modifications 230,000 $ N/A 11/25/2009 First Keystone Bank Media PA Purchase Financial Instrument for Home Loan Modifications 1,280,000 $ N/A 

12/4/2009 Community Bank & Trust Company Clarks Summit PA Purchase Financial Instrument for Home Loan Modifications 380,000 $ N/A 
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

Pricing 

Mechani

12/4/2009 Idaho Housing and Finance Association Boise ID Purchase Financial Instrument for Home Loan Modifications 9,430,000 $ N/A 

12/9/2009 Spirit of Alaska Federal Credit Union Fairbanks AK Purchase Financial Instrument for Home Loan Modifications 360,000 $ N/A 12/9/2009 American Eagle Federal Credit Union East Hartford CT Purchase Financial Instrument for Home Loan Modifications 1,590,000 $ N/A 12/9/2009 Silver State Schools Credit Union Las Vegas NV Purchase Financial Instrument for Home Loan Modifications 1,880,000 $ N/A 12/9/2009 Fidelity Homestead Savings Bank New Orleans LA Purchase Financial Instrument for Home Loan Modifications 2,940,000 $ N/A 12/9/2009 Bay Gulf Credit Union Tampa FL Purchase Financial Instrument for Home Loan Modifications 230,000 $ N/A 12/9/2009 The Golden 1 Credit Union Sacramento CA Purchase Financial Instrument for Home Loan Modifications 6,160,000 $ N/A 

12/9/2009 Sterling Savings Bank Spokane WA Purchase Financial Instrument for Home Loan Modifications 2,250,000 $ N/A 

12/11/2009 HomeStar Bank & Financial Services Manteno IL Purchase Financial Instrument for Home Loan Modifications 310,000 $ N/A 

12/11/2009 Glenview State Bank Glenview IL Purchase Financial Instrument for Home Loan Modifications 370,000 $ N/A 

12/11/2009 Verity Credit Union Seattle WA Purchase Financial Instrument for Home Loan Modifications 600,000 $ N/A 

12/11/2009 Hartford Savings Bank Hartford WI Purchase Financial Instrument for Home Loan Modifications 630,000 $ N/A 

12/11/2009 The Bryn Mawr Trust Co. Bryn Mawr PA Purchase Financial Instrument for Home Loan Modifications 150,000 $ N/A 12/16/2009 Citizens 1st National Bank Spring Valley IL Purchase Financial Instrument for Home Loan Modifications 620,000 $ N/A 

12/16/2009 Golden Plains Credit Union Garden City KS Purchase Financial Instrument for Home Loan Modifications 170,000 $ N/A 

12/16/2009 First Federal Savings and Loan Association of Lakewood Lakewood OH Purchase Financial Instrument for Home Loan Modifications 3,460,000 $ N/A 12/16/2009 Sound Community Bank Seattle WA Purchase Financial Instrument for Home Loan Modifications 440,000 $ N/A 
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

Pricing 

Mechani

12/16/2009 Horizon Bank, NA Michigan City IN Purchase Financial Instrument for Home Loan Modifications 700,000 $ N/A 

12/16/2009 Park View Federal Savings Bank Solon OH Purchase Financial Instrument for Home Loan Modifications 760,000 $ N/A 

12/23/2009 Iberiabank Sarasota FL Purchase Financial Instrument for Home Loan Modifications 4,230,000 $ N/A 

12/23/2009 Grafton Suburban Credit Union North Grafton MA Purchase Financial Instrument for Home Loan Modifications 340,000 $ N/A 

12/23/2009 Eaton National Bank & Trust Company Eaton OH Purchase Financial Instrument for Home Loan Modifications 60,000 $ N/A 

12/23/2009 Tempe Schools Credit Union Tempe AZ Purchase Financial Instrument for Home Loan Modifications 110,000 $ N/A 

1/13/2010 Fresno County Federal Credit Union Fresno CA Purchase Financial Instrument for Home Loan Modifications 260,000 $ N/A 

1/13/2010 1/13/2010 Roebling Bank Roebling Bank Roebling Roebling NJ Purchase Purchase Financial Instrument for Home Loan Modifications Financial Instrument for Home Loan Modifications $ 240 000 240,000 N/A 1/13/2010 First National Bank of Grant Park Grant Park IL Purchase Financial Instrument for Home Loan Modifications 140,000 $ N/A 1/13/2010 Specialized Loan Servicing, LLC Highlands Ranch CO Purchase Financial Instrument for Home Loan Modifications 64,150,000 $ N/A 

1/13/2010 Greater Nevada Mortgage Services Carson City NV Purchase Financial Instrument for Home Loan Modifications 770,000 $ N/A 

1/15/2010 Digital Federal Credit Union Marlborough MA Purchase Financial Instrument for Home Loan Modifications 3,050,000 $ N/A 

1/29/2010 iServe Residential Lending, LLC San Diego CA Purchase Financial Instrument for Home Loan Modifications 960,000 $ N/A 

1/29/2010 United Bank Griffin GA Purchase Financial Instrument for Home Loan Modifications 540,000 $ N/A 

3/3/2010 Urban Trust Bank Lake Mary FL Purchase Financial Instrument for Home Loan Modifications 1,060,000 $ N/A3/5/2010 iServe Servicing, Inc. Irving TX Purchase Financial Instrument for Home Loan Modifications 28,040,000 $ N/A 

3/10/2010 Navy Federal Credit Union Vienna VA Purchase Financial Instrument for Home Loan Modifications 60,780,000 $ N/A3/10/2010 Vist Financial Corp Wyomissing PA Purchase Financial Instrument for Home Loan Modifications 300,000 $ N/A4/14/2010 Midwest Bank and Trust Co. Elmwood Park IL Purchase Financial Instrument for Home Loan Modifications 300,000 $ N/A4/14/2010 Wealthbridge Mortgage Corp Beaverton OR Purchase Financial Instrument for Home Loan Modifications 6,550,000 $ N/A5/21/2010 Aurora Financial Group, Inc. Marlton NJ Purchase Financial Instrument for Home Loan Modifications 10,000 $ N/A 

Total Initial Cap $ 23,761,990,000 Tota

TOTAL CAP 

As used in this table:"HAFA" means the Home Affordable foreclosure Alternatives program."HPDP" means the Home Price Decline Protection program."2MP" means the Second Lien Modification Program.1/ The Cap of Incentive Payments represents the potential total amount allocated to each servicer and includes the maximum amount allotted for all payments on behalf of borrowers and payments to servicers and The Cap is subject to adjustment based on the total amount allocated to the program and individual servicer usage for borrower modifications. Each adjustment to the Cap is reflected under Adjustment Details.2/ On July 31, 2009, the SPA with Chase Home Finance, LLC was terminated and superseded by new SPAs with J.P. Morgan Chase Bank, NA and EMC Mortgage Corporation. 3/ Wachovia Mortgage, FSB was merged with Wells Fargo Bank, NA, and the remaining Adjusted Cap stated above represents the amount previously paid to Wachovia Mortgage, FSB prior to such merger. 4/ Initial cap amount only includes FHA-HAMP.
Date

Purchase Face 

Amount 3 Pricing Mechanism 

TBA or 

PMF3 Settlement Date

Investment Amount 

2, 3

Senior Security 

Proceeds 4 Trade Dat

ns Report [Section 105(3 $ 4,070,000 107.75 - 3/24/2010 4,377,249 $ 2,184 $ 

3/19/2010 $ 7,617,617 109 - 3/24/2010 8,279,156 $ 4,130 $ 

3/19/2010 $ 8,030,000 108.875 - 3/24/2010 8,716,265 $ 4,348 $ 

4/8/2010 $ 23,500,000 110.502 - 5/28/2010 26,041,643 $ 12,983 $ 

4/8/2010 $ 8,900,014 107.5 - 4/30/2010 9,598,523 $ 4,783 $ 

5/11/2010 $ 12,500,000 107 TBA 6/30/2010 13,408,008 $ 6,687 $ 

5/11/2010 $ 15,000,000 109.5 TBA 6/30/2010 16,468,198 $ 8,212 $ 

5/11/2010 $ 9,500,000 110.625 TBA 6/30/2010 10,540,246 $ 5,254 $ 

5/25/2010 $ 8,000,000 110.125 TBA 7/30/2010 8,833,039 $ 4,405 $ 

5/25/2010 $ 15,000,000 109.375 TBA 7/30/2010 16,446,427 $ 8,203 $ 

Total Purchase Face Amount $ 112,117,631 $ 122,708,754 * 

Investment Description

TBA or 

PMF3

SMALL BUSINESS AND COMMUNITY LENDING INITIATIVE

SBA 7a Securities Purchase Program

Purchase Details 1 Settlement Details 

Floating Rate SBA 7a security due 2025 -Floating Rate SBA 7a security due 2022 -Floating Rate SBA 7a security due 2022 -Floating Rate SBA 7a security due 2034 -Floating Rate SBA 7a security due 2016 -Floating Rate SBA 7a security due 2020 TBA*Floating Rate SBA 7a security due 2035 TBA*Floating Rate SBA 7a security due 2033 TBA*Floating Rate SBA 7a security due 2028 TBA*Floating Rate SBA 7a security due 2032 TBA*

3/ If a purchase is listed as TBA, or To-Be-Announced, the underlying loans in the SBA Pool have yet to come to market, and the TBA pricing mechanism, purchase face amount, investment amount and senior security proceeds wi

the program terms. If a purchase is listed as PMF, or Prior-Month-Factor, the trade was made prior to the applicable month's factor being published and the SBA 7a security and senior security are priced according to the prior-mon

security proceeds will be adjusted after publication of the applicable month's factor (on or about the 11th business day of each month).4/ In order to satisfy the requirements under Section 113 of the Emergency Economic Stabilization Act of 2008, Treasury will acquire a senior indebtedness instrument (a Senior Security) from the seller of each respective SBA 7a Saggregate principal amount equal to the product of (A) 0.05% and (B) the Investment Amount (excluding accrued interest) paid by Treasury for the respective SBA 7a Security, and (ii) at the option of the respective seller, may be reor remain outstanding with the terms and conditions as set forth in the Master Purchase Agreement.

 TOTAL INVESTMENT 

AMOUNT 

Total Senior Security Pro

* Subject to adjustment

1/ The amortizing principal and interest payments are reported on the monthly Dividends and Interest Report available at www.FinancialStability.gov.

2/ Investment Amount is stated after giving effect to factor and, if applicable, the purchase of accrued principal and interest.

or remain outstanding with the terms and conditions as set forth in the Master Purchase Agreement.5/ Disposition Amount is stated after giving effect, if applicable, to sale of accrued principal and interest.
U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending May 31, 2010

Type of Expense/Liability Amount 

None

Note: Treasury interprets this reporting requirement as 

applicable to costs and liabilities related to insurance contracts 

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

and the single insurance contract with Citigroup was 

terminated on December 23, 2009.
U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending May 31, 2010

Type of Expense Amount

Compensation for financial agents 

and legal firms $243,031,215
U.S. Treasury Department

Office of Financial Stability

Troubled Asset Relief Program

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

For Period Ending May 31, 2010

Date Vehicle Description

None