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Troubled Assets Relief Program
Monthly Progress Report – August 2009

September 10, 2009

This report to Congress is pursuant to Section 105(a)
of the Emergency Economic Stabilization Act of 2008.
Confidential Draft – For Discussion Purposes Only

Monthly Progress Report – August 2009
 

Treasury is pleased to present a revised format for our monthly 105(a) Report to
Congress. This new format will provide the latest developments on efforts to stabilize
the financial system, current status of TARP investments, and background information
on all TARP programs.

Section

Page

The Latest – August 2009 Key Developments

2

Where is TARP Money Going?

3

August Program Updates

5

Certification

17

Appendix 1:

Descriptions of TARP Programs

18

How Treasury Exercises its
Voting Rights

Appendix 2:

31

August Financial Statement

33

This report contains summaries of TARP programs and investments. These summaries
do not include all the material terms and conditions of such programs and investments.
Please see more detailed information available at www.financialstability.gov.

1

The Latest – August 2009 Key Developments
The Troubled Assets Relief Program or TARP was established pursuant to the
Emergency Economic Stabilization Act of 2008 or EESA. This law was adopted on
October 3, 2008 in response to the severe financial crisis facing our country. To carry
out its duties under the law, Treasury has developed a number of programs to stabilize
our financial system and the housing market. These programs are described in this
report. These efforts, together with the American Recovery and Reinvestment Act, help
lay the financial foundation for economic recovery.
The following are some key developments that took place in August under these
programs:
•

The U.S. Treasury received $1.85 billion in dividend, interest and fee payments
from all TARP Programs in August 2009

– Total dividends and interest payments received since inception of TARP
through August 31, 2009 is $9.36 billion
•

3 banks repaid $140 million of Treasury investments in August, bringing the total
amount of investments repaid to $70.3 billion through August 2009

•

Treasury made new investments in 9 banks totaling $129.9 million in August
2009

•

9 new mortgage servicers signed up to participate in the Home Affordable
Mortgage Modification Program (HAMP)

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

Treasury and the Federal Reserve Board announced the extension of the Term
Asset-Backed Securities Loan Facility (TALF)

– The Federal Reserve will continue to make loans against newly issued
asset-backed securities (ABS) and legacy commercial mortgage-backed
securities (CMBS) through March 31, 2010 and against newly issued
CMBS through June 30, 2010

2

Where is TARP Money Going?
EESA authorized $700 billion for TARP. Treasury has used this authority to make
investments that are designed to restore confidence in the strength of our financial
institutions, restart markets that are critical to financing American households and
businesses, and address the housing market problems.
As of August 31, 2009, Treasury has announced the following uses of TARP funds:
•

$644.4 billion has been planned for particular TARP programs, as shown in
Figure 1.

– Of that amount, $443.8 billion has been committed to specific institutions
under signed contracts.

– $365 billion has been paid out by Treasury under those contracts.
Figure 1 shows the planned TARP investments by program as of August 31, 2009.
Please see Appendix 1 for a description of the programs listed in the chart.
Figure 1: Planned TARP investments ($ billions) as of August 2009

Capital Purchase Program
Asset Guarantee Program

$110.00
$218.00

Auto Industry Financing Program

$100.00

Making Home Affordable
$70.00

$50.00

$82.59

$12.50

Consumer and Business Lending
Initiative
Private-Public Investment
Partnership
Exceptional Assistance

The authority to make investments under EESA expires on December 31, 2009.
However, the Secretary of the Treasury may extend the authority through October 3,
2010 upon satisfying certain conditions.

3

Where is TARP Money Going?
A large part of the total investments to date occurred last fall under the Capital Purchase
Program following the adoption of EESA in October 2008. The more recent
commitments include amounts extended under the Obama Administration’s Financial
Stability Plan. This includes funds committed under the Making Home Affordable
program, the planned TARP investments in the Public-Private Investment Partnership,
and those under the other programs described in this report.
Figure 2 shows the amount of TARP investments by month. It shows both the amount
obligated -- or committed for investment -- and the amount disbursed or actually paid
out.

Billions

Figure 2:

Funds committed and paid out under TARP
$500
$450
$400
$350
$300
$250
$200
$150
$100
$50
$0

$200
$180
$160
$140
$120
$100
$80
$60
$40
$20
$0

Amount Committed to Specific Institutions Each Month (Left Scale)
Amount Paid Out in Each Month (Left Scale)
Cumulative Amount Committed to Specific Institutions (Right Scale)
Cumulative Amount Paid Out (Right Scale)

Taxpayers can track progress on all of the financial stability programs and investments,
as well as repayments, on Treasury’s website. Specifically, taxpayers can look at
investments within 2 days of closing in our TARP transaction reports at
www.financialstability.gov. In addition, on November 16th, Treasury will publish
audited annual financial statements under Federal financial reporting standards that will
provide detailed information on the value of the TARP portfolio.

4

August Program Updates – Dividends and Interest Received
 

Most of the TARP money has been used to make investments in preferred stock or
loans. Treasury receives dividend or interest payments on these investments from the
institutions participating in TARP programs. These payments are a return on Treasury’s
TARP investments.

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

• Treasury has received a total of $ 9.36 billion in dividends, interest and fees
through August 31, 2009.
Figure 3 shows the allocation of dividends, interest and fees received since inception of
TARP by program as of August 31, 2009.
Figure 3: Dividends, interest and fees received by TARP Program

19.9%
1.9%
6.9%
71.4%

Capital Purchase Program
Automotive Industry Finance Program and Auto Supplier Support Program
Asset Guarantee Program
Exceptional Assistance

Please see Appendix 1 for a description of the programs listed in the chart above.
Dividend payments are a portion of a company’s earnings that are paid to equity
investors. Most banks participating in the CPP pay Treasury a cumulative dividend rate
of 5 percent per year for the first five years and 9 percent per year thereafter. Scorporation banks pay an interest rate of 7.7 percent per year for the first five years
and 13.8 percent thereafter. Preferred shares (or stock) are a form of ownership in a
company. Preferred shares are senior to common stock, but junior to debt.
Treasury’s Dividends and Interest Report is available at
http://www.financialstability.gov/latest/reportsanddocs.html.

5

August Program Updates – Capital Purchase Program
A major part of TARP is the Capital Purchase Program (CPP).
Under this program, Treasury invests in banks and other financial institutions to
increase their capital. Banks use the CPP money in a number of ways, including
shoring up capital, investing in assets, and increasing lending. Treasury continues to
accept applications under the CPP from small banks.
Figure 4: CPP Snapshot through August 2009
CPP Investments
Amount disbursed in August 2009: $129.9 million to 9 institutions
Total amount disbursed since October 2008: $ 204.48 billion
CPP investments repaid since October 2008: $ 70.31 billion
CPP Banks
Number of institutions that have received CPP investment: 671
Number of institutions that have repaid CPP investment: 37*
Number of institutions currently participating in CPP: 637*
*Including partial investments/repayments

CPP Facts
Participation across the US:
Banks in 48 states, the District of Columbia and Puerto Rico
Largest Investment: $ 25 billion
Smallest Investment: $ 301,000

Details on the Capital Purchase Program are available at
http://www.financialstability.gov/roadtostability/capitalpurchaseprogram.html.

6

August Program Updates – Capital Purchase Program
 

The CPP was available to banks of all sizes. Figures 5 and Figure 6 show the
distribution of CPP funds by size of investment as of August 31, 2009. These charts
include all 671 banks that have received funds, including those that have repaid the
investment.
Figure 5: Number of banks by investment amount
19

6

57
52
72
465

Figure 6: Total CPP funds disbursed by investment amount

$2.0

$13.0

$189.5

Note: The CPP investment amount is determined by the size of the bank. CPP
investments are no less than 1% and no greater than 3% (5% for small banks) of the
recipient’s risk-weighted assets.

7

August Program Updates – Capital Purchase Program
Treasury receives dividend or interest payments on its TARP investments. Some of the
banks that received investments under TARP have repaid Treasury. When a bank
repays, it is also required to pay any accrued and unpaid dividends or interest.
Treasury also receives warrants in connection with most of its investments. These are
rights to purchase shares of common stock or in some cases other securities. The
purpose of warrants is to give the U.S. Treasury the potential to benefit from the
“upside” of a bank’s recovery. Some banks that have repaid the TARP investment have
also repurchased the warrants issued to Treasury.
The chart below shows the amount of dividends, interest and fees, repayments of
principal, and warrant proceeds to date:
Figure 7: Cash received through the CPP
August

Total

Dividends, Interest
and Fees:

$1.18 billion

$ 6.68 billion

Repayments of
Principal:

$140 million

$ 70.31 billion

Warrant Proceeds*:

$1.17 billion

$ 2.90 billion

Total:

$ 2.49 billion

$ 79.89 billion

* Includes proceeds from the repurchase of shares received through the
exercise of warrants.

8

August Program Updates – Capital Purchase Program
 

Repurchase of Warrants
When a publicly traded bank repays
Treasury for a preferred stock
investment, the bank has the right to
repurchase its warrants. The warrants
do not trade on any market and do not
have observable market prices. If the
bank wishes to repurchase its
warrants, an independent valuation
process is used to establish fair
market value. If an institution chooses
not to repurchase its warrants,
Treasury is entitled to sell them.
Treasury is currently developing an
auction process to sell warrants.

Figure 8: Cash received from sales of
warrants through August 31, 2009

Financial Institution

Price Paid to
Treasury
(millions)

Alliance Financial Corporation
American Express Company
BB&T Corp.

$ 0.900
$ 340.000
$ 67.010
$ 1.040

Centra Financial Holdings, Inc.

$ 0.750

First Manitowoc Bancorp, Inc.

$ 0.600

First Niagara Financial Group

A privately-held bank does not have
common stock that trades in the
market. Privately held banks that
receive CPP funds give Treasury a
warrant for additional shares of
preferred stock. Treasury immediately
exercises the warrant and acquires
the preferred shares. Any proceeds
from the repurchases of shares
acquired from a warrant are included
as cash received from sales of
warrants in the table on this page.

Berkshire Hills Bancorp, Inc.

$ 2.700

First ULB Corp.

$ 0.245

FirstMerit Corporation

$ 5.025

HF Financial Corp.

$ 0.650

Iberiabank Corporation

$ 1.200

Independent Bank Corp.

$ 2.200

Morgan Stanley
Northern Trust Corporation

$ 950.000
$ 87.000

Old National Bancorp

$ 1.200

SCBT Financial Corporation

$ 1.400

Somerset Hills Bancorp

$ 0.275

State Street Corporation

$ 60.000

Sun Bancorp, Inc.
The Bank of New York Mellon Corp.
The Goldman Sachs Group, Inc.
U.S. Bancorp.

$ 2.100
$ 136.000
$ 1,100.000
$ 139.000

Total Proceeds to Treasury $2.899 billion

9

August Program Updates – Bank Lending and Intermediation Surveys
Each month, Treasury asks banks participating in the CPP to provide information about
their lending activities and publishes the results in two reports described below. The
most recent reports were conducted in June. During this period the economy continued
to contract, albeit at a slower pace than earlier in the year. Although there was modest
improvement in some economic indicators, the economy remained very weak.

August Monthly Lending and Intermediation Snapshot
 
This monthly lending report gathers and provides data on the lending activities for the
22 largest financial institutions that received TARP investments under the CPP. In
August, Treasury released the following information on June lending:
•

Overall outstanding loan balance of the 22 institutions fell 1 percent from May to
June 2009.

•

New lending by the 22 institutions increased 13 percent from May to June 2009,
indicating approximately $312 billion in new loans made.

•

Surveyed participants also reported that loan demand in the commercial real
estate market and the commercial and industrial sectors was well below normal
levels.

August CPP Monthly Lending Report
This monthly lending report provides data on consumer lending, commercial lending,
and total lending for all CPP participants. As shown in the table below, from May to
June, total average consumer loans fell by 0.80%, total average commercial loans fell
by 1.02%, and total loans outstanding fell by 0.90%.
Figure 9: Loans outstanding for all CPP Recipients as of June 30, 2009

Date

Total Average
Consumer
Loans

Total Average
Commercial
Loans

Total Average
Total Loans

521
553
540
580

$2,898,031
$2,885,646
$2,852,671
$2,840,877

$2,380,692
$2,353,047
$2,329,547
$2,337,524

$5,278,662
$5,239,745
$5,182,212
$5,178,418

546
559

$2,808,914
$2,797,169

$2,291,026
$2,362,892

$5,099,941
$5,160,061

546

$2,786,351

$2,267,735

$5,054,086

-0.80%

-1.02%

-0.90%

Number of
Respondents

2/28/2009
3/31/2009
4/30/2009
5/31/2009
5/31/2009
(Adjusted)
6/30/2009
6/30/2009
(Adjusted)
Change (May Adjusted to June
Adjusted)

10

August Program Updates – Bank Lending and Intermediation Surveys
Note: In Figure 9 above, the "May Adjusted" and "June Adjusted" data include balances
from only those institutions that submitted both May 2009 and June 2009 CPP Monthly
Lending Reports.
Details on the Bank Lending Surveys are available at
http://www.financialstability.gov/impact/surveys.htm.

The Quarterly Capital Purchase Program Report
To understand better how CPP and other stabilization initiatives launched by the
Federal Government may have affected financial institutions and their activities, an
interagency group was convened to determine and conduct appropriate analyses. This
interagency group consists of representatives from Treasury, the Federal Deposit
Insurance Corporation, the Federal Reserve Board, the Office of the Comptroller of the
Currency, and the Office of Thrift Supervision.
This interagency group has undertaken to produce a summary of the activities of
institutions receiving TARP capital. In August, Treasury released the Quarterly Analysis
of Institutions in the Capital Purchase Program for the first quarter of 2009 (2009 Q1).
Details on the Quarterly Capital Purchase Program Reports are available at
http://www.financialstability.gov/impact/CPPreport.html.

11

August Program Update – Home Affordable Modification Program
 
 

The Home Affordable Modification Program (HAMP) provides incentives for
mortgage servicers, borrowers and investors to modify existing mortgages to make
them more affordable for homeowners. Each servicer reviews its loans to identify
eligible borrowers and then offers eligible borrowers a trial modification. If the borrower
makes three consecutive monthly payments at the modified rate, and submits required
documentation, the modification becomes permanent.

 
Figure 10: Home Affordable Modification Program (HAMP)
Snapshot through August 2009
Number of Requests for Financial Information
Sent to Borrowers (Cumulative)

1,883,108

Number of Trial Period Plan Offers Extended to
Borrowers (Cumulative)

571,354

Number of Trial Modification Started (Cumulative)

360,135

HAMP Participating Servicers
•

Approximately 85% of residential mortgages are covered by servicers who are
participating in HAMP.

•

As of August 31, 2009, 47 servicers have signed servicer participation
agreements to modify loans under HAMP. These participants service loans
owned or guaranteed by Fannie Mae or Freddie Mac, owned by the servicer, or
serviced on behalf of other investors.

Details on the Home Affordable Modification Program are available at
http://www.financialstability.gov/roadtostability/homeowner.html
More information on the Making Home Affordable programs is available on the website
http://www.makinghomeaffordable.gov

12

August Program Updates – Home Affordable Modification Program
The HAMP is well underway. Since inception of the program, the number of trial plans
offered to borrowers has increased each week, as has the number of trial modifications
started.
Figure 11: HAMP Trial Plans Offered to Borrowers (Cumulative)

Figure 12: HAMP Trial Modifications (Cumulative)

13

August Program Update – Home Affordable Modification Program
 
 

Figure 13 shows individual mortgage servicers’ progress in making modifications under
HAMP. For each servicer, the chart shows the percentage of trial modifications started
as a percentage of the servicer’s estimated pool of HAMP-eligible mortgages that are at
least 60 days delinquent.
Servicers have joined the program at different times. Those that joined later tend to
have lower percentages of trial modifications started than servicers that joined earlier.
Figure 13: HAMP Mortgage Servicer Progress through August

 
45%

40%

39%

35%

30%

30%

26%

25%

25%

23%
22%

20%
17%

16%

15%
11%
9%

10%

8%

7%

7%
5%

5%

4%

4%

3%

3%

3%

0%

0%
MorEquity

RG Mortgage

0%

Home Loan

1%

HomeEq

1%

American Home

2%

0%
Wachovia

Other Servicers

National City

Litton

Wilshire

Bayview

Carrington

Greentree

Bank of America

Ocwen

CCO

Wells Fargo

Select Portfolio

Residential Credit

Aurora

CitiMortgage

J.P. Morgan Chase

GMAC

Nationstar

Saxon

 

For more information see
http://www.financialstability.gov/docs/MHA-Public_090909.pdf

14

August Program Updates – Term Asset-Backed Securities Loan
Facility
Under the Term Asset-Backed Securities Loan Facility (TALF), the Federal Reserve
Bank of New York makes loans to buyers of asset-backed securities in order to
stimulate consumer and business lending by the issuers of those securities. Treasury
uses TARP funds to provide credit support for the TALF.
The asset-backed securities (ABS) that are eligible for the TALF must be backed by new
or recently originated auto loans, student loans, credit card loans, small business loans,
or commercial mortgage loans.
The markets for asset backed securities are an important source of credit for consumers
and businesses. These markets essentially stopped functioning during the financial
crisis. The purpose of TALF is to help restart these markets and help consumers and
businesses obtain credit. Since the launch of TALF in March 2009, issuance of ABS
has increased, as shown by Figure 14 below.
Figure 14:

Total Consumer ABS Issuance

 

 

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

Details on TALF are available at
http://www.financialstability.gov/roadtostability/lendinginitiative.html

15

August Program Updates – Term Asset-Backed Securities Loan
Facility
TALF Extension
Conditions in financial markets have improved considerably in recent months.
Nonetheless, the markets for ABS backed by consumer and business loans and for
those backed by mortgages on commercial properties are still not functioning normally
and seem likely to remain unstable for some time.
The Federal Reserve had previously authorized using the TALF to make loans through
December 31, 2009. To promote the flow of credit to businesses and households and to
facilitate the financing of commercial properties, the Federal Reserve announced on
August 17, 2009 that TALF will continue to make loans against newly issued ABS and
previously issued CMBS through March 31, 2010. In addition, TALF will make loans
against newly issued CMBS through June 30, 2010.
For more information see
http://www.federalreserve.gov/newsevents/press/monetary/20090817a.htm

16

Certification

As Assistant Secretary for Financial Stability at the United States Department of Treasury,
I am the official with delegated authority to approve purchases of troubled assets under
the Troubled Assets Relief Program. I certify to the Congress that each decision by my
office to approve purchases of troubled assets during this reporting period was based on
the office’s evaluation of the facts and circumstances of each proposed investment,
including recommendations from regulators, in order to promote financial stability and
the other purposes of the Emergency Economic Stabilization Act of 2008.

17

Appendix

Appendix 1

Page

Description of TARP Programs:
Capital Purchase Program

19

Exceptional Assistance

20

Asset Guarantee Program

21

Automotive Industry Finance Program

23

Consumer and Business Lending Initiative

26

(TALF & Small Business)
Public-Private Investment Program

27

Making Home Affordable

29

SCAP and CAP

30

How Treasury Exercises its Voting Rights

31

Appendix 2

Page

August Financial Statement

33

18

Description of TARP Programs – Capital Purchase Program

What is the CPP?
•

•

•

Treasury created the Capital Purchase Program (CPP) in October 2008 to
stabilize the financial system by providing capital to viable banks of all sizes
throughout the nation. With a strengthened capital base, banks have an
increased capacity to lend to U.S. businesses and consumers and to support the
U.S. economy.
Across the country, many banks are fundamentally sound, but hesitant to lend.
During this unprecedented crisis, banks and financial institutions felt the strain of
the troubled market conditions, which had suddenly and dramatically impaired
their capital. The level of confidence between banks and other financial
institutions was also low, so they were unwilling to lend to each other.
Restoring capital and confidence is essential to allowing the financial system to
work effectively and efficiently.

How does the CPP work?
•
•

•
•
•

•

Through the CPP, Treasury makes investments in banks, increasing their capital
and enabling them to continue lending to businesses and consumers and
otherwise serving their customers.
Treasury purchases senior preferred shares and other interests from qualifying
U.S.-controlled banks, savings associations, and other financial institutions.
Treasury also receives warrants to purchase common shares or other securities
from the banks.
Banks use the CPP money in a number of ways, including shoring up capital,
investing in assets, and increasing lending.
Banks participating in the CPP pay Treasury dividends on the preferred shares at
a rate of five percent per year for the first five years following Treasury’s
investment and at a rate of nine percent per year thereafter.
Banks may repay Treasury under the conditions established in the purchase
agreements as amended by the American Recovery and Reinvestment Act.
Treasury also has the right to sell the securities. The repayment price is equal to
what Treasury paid for the shares, plus any unpaid dividends.
When a publicly-traded bank repays Treasury for the preferred stock investment,
the bank has the right to repurchase its warrants. The warrants do not trade on
any market and do not have observable market prices. If the bank wishes to
repurchase warrants, an independent valuation process is used to establish fair
market value. If an institution chooses not to repurchase the warrants, Treasury
is entitled to sell the warrants. Treasury is currently developing a process to
auction these warrants.

19

Description of TARP Programs – Exceptional Assistance

Pursuant to EESA, Treasury has provided additional assistance on a case-by-case
basis in order to stabilize institutions that were considered systemically significant to
prevent broader disruption of financial markets. Treasury has provided this assistance
by purchasing preferred shares in the institutions. As part of those transactions
Treasury has also received warrants to purchase common shares in the institutions. As
of August 31, 2009, assistance under these programs had been provided to:

Exceptional Assistance Programs:
American International Group (AIG)
In November 2008, Treasury purchased $40 billion in preferred shares from AIG. In
April 2009, it also created an equity capital facility, under which AIG may draw up to
$29.8 billion as needed in exchange for issuing additional preferred stock to Treasury.
As of August 31, 2009, AIG has drawn $3.21 billion from the facility. The preferred stock
pays a dividend of 10 percent per year. The Federal Reserve Bank of New York
(FRBNY) also provided loans to AIG. In connection with such loans, the FRBNY
received convertible preferred shares representing approximately 79.8% of the current
voting power of the AIG common shares. These preferred shares were deposited in a
trust, which exists for the benefit of the U.S. taxpayers.

Targeted Investment Program (TIP)
Under the TIP, Treasury purchased $20 billion in preferred stock from Citigroup, Inc. and
$20 billion in preferred stock from Bank of America Corporation. Both preferred stock
agreements pay a dividend of 8 percent per annum. These investments were in
addition to CPP investments in these institutions. As part of an exchange offer designed
to strengthen Citigroup’s capital, Treasury recently exchanged all its preferred shares in
Citigroup for a combination of common shares and trust preferred securities.

20

Description of TARP Programs – Asset Guarantee Program

Asset Guarantee Program (AGP)
Under the AGP, Treasury supports the value of certain assets held by qualifying
financial institutions, by helping them absorb unexpectedly large losses on certain
assets. The program was designed for financial institutions whose failure could harm
the financial system and has been used in conjunction with other forms of exceptional
assistance.

How does AGP work?
•

The pool of covered assets is proposed by the financial institution in consultation
with federal regulators and Treasury, and then Treasury applies certain credit
tests and asset filters in order to determine the final pool of covered assets.

•

As compensation for its guarantee, Treasury collects a premium in the form of
preferred stock, warrants, or other form approved by Treasury.

•

As required by EESA, an actuarial analysis is used to ensure that the expected
value of the premium is no less that the expected value of the losses to TARP
from the guarantee. The United States government also provides a set of asset
management guidelines that the institution must follow with respect to the
guaranteed pool.

Who Has Received Assistance Under AGP?
Citigroup
•

Treasury has guaranteed up to $5 billion of potential losses incurred on a $301
billion pool of loans, mortgage-backed securities, and other financial assets held
by Citigroup. The Federal Reserve and the FDIC are also parties to this
arrangement. In consideration for the guarantee, Treasury received $4.03 billion
in preferred securities that pay a dividend of 8 percent per annum. Treasury also
received a warrant to purchase approximately 66 million shares of common stock
at a strike price of $10.61 per share.

•

As part of the exchange offer noted earlier, Treasury recently exchanged
preferred shares received under the AGP program for an equivalent amount of
trust preferred securities paying interest at the same rate.

•

Treasury does not become obligated to pay on its guaranty unless and until
Citigroup has absorbed $39.5 billion of losses on the covered pool. Treasury
would then cover 90% of all losses on the covered pool, up to a maximum of $5
billion.

21

Description of TARP Programs – Asset Guarantee Program
 
Bank of America
•

In January 2009, Treasury, the Federal Reserve and the FDIC agreed to share
potential losses on a $118 billion pool of financial instruments owned by Bank of
America, consisting of securities backed by residential and commercial real
estate loans and corporate debt and derivative transactions that reference such
securities, loans and associated hedges.

•

Bank of America agreed to absorb all eligible losses in the pool up to $10 billion.
Treasury and the FDIC agreed to share eligible losses in the pool in excess of
that amount, up to $10 billion, with Treasury’s share capped at $7.5 billion. All
further losses were to be shared 90% by the Federal Reserve and 10% by Bank
of America.

•

Bank of America has stated that it does not intend to use the guarantee and no
final documentation has been entered into.

22

Description of TARP Programs – Automotive Industry Financing
Program
What is the AIFP?
The Automotive Industry Financing Program (AIFP) was developed in December
2008 to prevent a significant disruption of the U.S. automotive industry, because the
potential for such a disruption posed a systemic risk to financial market stability and
would have had a negative effect on the economy. AIFP loans have helped to enable
General Motors and Chrysler to go through orderly bankruptcies and emerge as more
viable auto manufacturing companies.
In the related Auto Supplier Support Program (ASSP), Treasury provides loans to
ensure that auto suppliers receive compensation for their services and products,
regardless of the condition of the auto companies that purchase their products.

How does the AIFP work?
•

Treasury has provided approximately $76 billion in loans and equity investments
to General Motors, GMAC, Chrysler, and Chrysler Financial.

•

Short-term funding was initially provided to GM and Chrysler on the condition that
they develop plans to achieve long-term viability. In cooperation with the
Administration, GM and Chrysler eventually developed satisfactory viability plans
and underwent speedy restructurings: Chrysler’s business was restructured
through the bankruptcy process in 42 days, and GM’s bankruptcy restructuring
process lasted 40 days. Treasury provided additional assistance during the
respective periods.

•

The terms of the assistance impose a number of restrictions on the recipients.
Among other things, they must adhere to rigorous executive compensation
standards and other measures to protect the taxpayer’s interests, including limits
on the institution’s expenditures and other corporate governance requirements.

See the next pages to learn how AIFP has helped each participating company.

23

Description of TARP Programs – Automotive Industry Financing
Program
Chrysler
On January 2, 2009, Treasury loaned $4 billion to Chrysler to give it time to implement a
viable restructuring plan. On March 30, the Administration determined that the business
plan submitted by Chrysler failed to demonstrate viability and announced that in order
for Chrysler to receive additional taxpayer funds, it needed to find a partner with whom it
could establish a successful alliance. Chrysler made the determination that forming an
alliance with Fiat was the best course of action for its stakeholders.
Treasury continued to support Chrysler as it formed an alliance with Fiat. In connection
with Chrysler’s bankruptcy proceedings filed on April 30, 2009, Treasury provided an
additional $1.9 billion under a debtor-in-possession financing agreement to assist
Chrysler in an orderly restructuring. On June 10, 2009, pursuant to a court-approved
order, substantially all of Chrysler’s assets were sold to the newly formed entity,
Chrysler Group LLC (New Chrysler). Treasury committed to loan $6.6 billion to New
Chrysler in working capital funding, and New Chrysler has drawn $4.6 billion of this
amount.
As of August 31, 2009, Treasury owned 9.9% of the equity in New Chrysler, and was
owed $5.1 billion of debt from New Chrysler. The original loans to Chrysler remain
outstanding, but are reduced by $500 million of debt that was assumed by New
Chrysler. Current equity ownership in New Chrysler is as follows: the Chrysler
Voluntary Employee Benefit Association (VEBA) (67.7%), Fiat (20%), Treasury (9.9%)
and the Government of Canada (2.5%).

General Motors
On December 31, 2008, Treasury agreed to make loans of $13.4 billion to General
Motors Corporation to fund working capital. Under the loan agreement, GM was also
required to implement a viable restructuring plan by March 30. The first plan GM
submitted failed to establish a credible path to viability, and the deadline was extended
to June 1. Treasury loaned an additional $6 billion to fund GM during this period. To
achieve an orderly restructuring, GM filed bankruptcy proceedings on June 1, 2009.
Treasury provided $30.1 billion under a debtor-in-possession financing agreement to
assist GM through the restructuring period. The new entity, General Motors Company
(New GM), began operating on July 10, 2009, following its purchase of most of the
assets of the Old GM.
When the sale to New GM was completed on July 10, Treasury converted most of its
loans to 60.8% of the common equity in the New GM and $2.1 billion in preferred stock.
Treasury continues to hold loans in the amount of $7.1 billion. The New GM currently
has the following ownership: Treasury (60.8%), GM Voluntary Employee Benefit
Association (VEBA) (17.5%), the Canadian Government (11.7%), and Old GM’s
unsecured bondholders (10%).

24

Description of TARP Programs – Automotive Industry Financing
Program
Chrysler Financial
On January 16, 2009, Treasury announced that it would lend up to $1.5 billion to a
special purpose vehicle created by Chrysler Financial to enable Chrysler Financial to
finance the purchase of Chrysler vehicles by consumers. To satisfy the EESA warrant
requirement, the Chrysler Financial special purpose vehicle issued additional notes
entitling Treasury to an amount equal to 5 percent of the maximum loan amount.
Twenty percent of those notes vested upon the closing of the transaction, and additional
notes were to vest on each anniversary of the transaction closing date. The loan was
fully drawn by April 9, 2009. On July 14, 2009, Chrysler Financial fully repaid the loan,
including the vested additional notes and interest.

GMAC
On December 29, 2008, Treasury purchased $5 billion in senior preferred equity from
GMAC LLC, and received an additional $250 million in preferred shares through
warrants that Treasury exercised at closing. At the same time, Treasury also agreed to
lend up to $1 billion of TARP funds to GM (one of GMAC’s owners), to enable GM to
purchase additional ownership interests in GMAC’s rights offering. GM drew $884
million under that commitment on January 16, 2009. On May 21, 2009, Treasury
purchased $7.5 billion more of preferred shares from GMAC and received warrants that
Treasury exercised at closing for an additional $375 million in preferred shares.
On May 29, 2009, Treasury exercised its option to exchange the $884 million loan it had
made to GM in January 2009 for about 35 percent of the common membership interests
in GMAC. As of August 31, 2009, Treasury owns $13.1 billion in preferred shares in
GMAC, through purchases and the exercise of warrants, in addition to 35% of the
common equity in GMAC. At the option of the Federal Reserve, it is possible that
additional preferred shares could be converted in the future to permit GMAC to increase
its tangible common capital ratio; if all of such preferred shares were converted,
Treasury would own up to a maximum of a 79.8% voting interest in GMAC.

 

25

Description of TARP Programs – Consumer and Business Lending
Initiative (TALF and Small Business)
What is the TALF?
The Term Asset-Backed Securities Loan Facility (TALF) is a lending facility operated
by the Federal Reserve Bank of New York (FRBNY). The FRBNY provides term nonrecourse loans collateralized by AAA-rated asset-backed securities (ABS) backed by
new or recently originated auto loans, student loans, credit card loans, small business
loans, and commercial mortgage loans, including legacy commercial mortgage loans.
Treasury provides credit support for TALF as part of Treasury’s Consumer and Business
Lending Initiative.

How does the TALF work?
•

Once each month investors can request the FRBNY to make loans secured by
eligible consumer or small business ABS. Assuming that the borrower and the
ABS it plans to pledge as collateral meet Federal Reserve requirements, the
investor will receive the requested funding. Most borrowers use the loan,
together with their own funds, to purchase the ABS that serves as collateral for
the TALF loans.

•

If the borrower does not repay the loan, the FRBNY will enforce its rights in the
collateral and sell the collateral to a special purpose vehicle (SPV) established
specifically for the purpose of purchasing and managing such assets. The SPV is
funded, in part, by a $20 billion subordinated loan commitment from Treasury.

•

The first TALF subscription took place on March 19, 2009 and there have been
five subsequent monthly ABS subscriptions to date. A total of $53.8 billion of new
TALF-eligible ABS has been brought to market. Of that amount, approximately
62% or $33.1 billion was financed using TALF loans.

•

On August 17, 2009, Treasury and the FRBNY announced the extension of the
TALF for newly-issued ABS and legacy commercial mortgage backed securities
(CMBS) through March 31, 2010. In addition, TALF will make loans against
newly issued CMBS through June 30, 2010. There were no further additions to
the types of collateral eligible for the TALF.

What is the Small Business and Community Lending Initiative?
•

Under the Small Business and Community Lending Initiative to ensure that credit
flows to entrepreneurs and small business owners, Treasury is taking measures
to complement the Administration’s actions to help small businesses recover and
grow, including several tax cuts under the American Recovery and Reinvestment
Act and a temporary increase in the Small Business Administration (SBA)
guarantee for certain types of loans. Treasury has announced a program to
purchase in the secondary market securities that are backed by the SBAguaranteed portions of loans originated under section 7(a) of the Small Business
Act.
26

Description of TARP Programs – Public-Private Investment Program
What is the Public-Private Investment Program?
The Legacy Securities Public-Private Investment Program (S-PPIP) is intended to
address the problem of legacy real estate-related assets, support market functioning
and facilitate price discovery in the market for mortgage-backed securities (MBS),
allowing banks and other financial institutions to re-deploy capital and extend new credit
to households and businesses. Both residential and commercial MBS are pools of
mortgages bundled together by financial institutions. Rights to receive a portion of the
cash generated by the pools are sold as securities in the financial markets, in the same
way a stock or bond would be sold in financial markets.
The Public-Private Investment Program was announced as part of the Financial Stability
Plan, which also included a program for legacy loans, to be administered by the FDIC.
That program is still under development.

How does the Legacy Securities PPIP work?
•

Treasury will partner with selected fund management firms to purchase MBS
under the S-PPIP.

•

Treasury provides equity as well as debt financing to special purpose entities to
be formed by the managers. Treasury will provide one-half of the equity
investment; the remainder must be raised by the fund manager from private
sources. Treasury also will make a loan to each special purpose entity. The loan
will earn interest and must be repaid at the end of the life of the fund.

•

The equity investment, together with warrants to be received by Treasury,
ensures that if these special purpose entities perform well, the U.S. treasury will
benefit from the upside of the performance.

•

The S-PPIP is designed to help the financial system recover by encouraging
institutions that hold mortgage-backed securities to sell them, thereby freeing up
their capital for other purposes.

Legacy Securities PPIP Fund Managers
Following a comprehensive two-month application, evaluation and selection process,
during which Treasury received over 100 unique applications to participate in the
Legacy Securities PPIP, in July 2009, Treasury pre-qualified the following firms to
participate as fund managers in the initial round of the program:
•
•
•

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

27

Description of TARP Programs – Public-Private Investment Program
•
•
•
•
•
•

Invesco Ltd.
Marathon Asset Management, L.P.
Oaktree Capital Management, L.P.
RLJ Western Asset Management, LP.
The TCW Group, Inc.
Wellington Management Company, LLP

S-PPIP Progress
Treasury is working with the S-PPIP fund managers to develop the program, and the
fund managers are raising the required private capital. The program is expected to
launch with the first closings in late September.
Treasury expects to provide approximately $30 billion in equity and debt financing to the
special purpose entities formed by fund managers in the initial phase of S-PPIP.  

28

Description of TARP Programs – Making Home Affordable
What is the Home Affordable Modification Program?
The Home Affordable Modification Program (HAMP) is designed to give up to 3 to 4
million homeowners an opportunity to reduce their monthly mortgage payments to more
affordable levels. Through HAMP, $75 billion is being committed to keep Americans in
their homes by preventing avoidable foreclosures. HAMP includes both GSE and nonGSE mortgages. GSE stands for “government sponsored enterprise” and in this report
refers to Fannie Mae and Freddie Mac.
•

$50 billion of TARP funds will be used primarily to encourage the modification of
non-GSE mortgages that financial institutions own and hold in their portfolios
(whole loans) and mortgages held in private-label securitization trusts.

•

Fannie Mae and Freddie Mac will provide up to an additional $25 billion to
encourage servicers and borrowers to modify loans through HAMP that are
owned or guaranteed by the two GSEs.

How does the HAMP work?
•

Homeowners participating in HAMP work with HUD-certified housing counselors
and mortgage servicers to have their monthly first lien mortgage payments
adjusted to no more than 31 percent of monthly gross income. In other words,
HAMP is designed to enable responsible homeowners to stay in their homes by
reducing mortgage payments to an affordable level.

29

Description of TARP Programs – SCAP and CAP
What are SCAP and CAP?
The Supervisory Capital Assessment Program (SCAP) and Capital Assistance
Program (CAP) are important components of the Financial Stability Plan to help ensure
that banks have a sufficient capital cushion in a more adverse economic scenario.
SCAP is a comprehensive capital assessment exercise for the largest 19 U.S. bank
holding companies and a complement to the CAP. The SCAP assessments, or “stress
tests,” are the most comprehensive, forward-looking review of the largest U.S. banks.

How does SCAP work?
Federal banking supervisors conducted forward-looking assessments to provide the
transparency necessary for individuals and markets to judge the strength of the banking
system. Results of the stress tests were released on May 7, 2009.
Some banks were required to take steps to improve the quality and/or the quantity of
their capital to give them a larger cushion to support future lending even if the economy
performs worse than expected. Banks have a range of options to raise capital in the
private markets, including common equity offerings, asset sales and the conversion of
other forms of capital into common equity. If these options are not sufficient, they can
request additional capital from the government through CAP. Financial institutions must
submit a detailed capital plan to supervisors, who will consult with Treasury on the
development and evaluation of the plan. Any bank needing to augment its capital buffer
at the conclusion of the SCAP was required to develop a detailed capital plan by June
8, 2009, and has until November 9, 2009 to implement that capital plan.

How does CAP work?
In cases in which the SCAP indicated that an additional capital buffer was warranted,
institutions have an opportunity to turn first to private sources of capital, but are also
eligible to receive government capital via investment available immediately through the
CAP. Eligible U.S. banks that did not participate in the SCAP may apply to their primary
federal regulator to receive capital under the CAP.
Capital provided under CAP will be in the form of a preferred security that is convertible
into common equity. CAP securities will carry a 9 percent dividend yield.

30

How Treasury Exercises its Voting Rights
The Obama Administration has stated that core principles will guide Treasury’s
management of financial interests in private firms. One such principle is that the United
States government will not interfere with or exert control over day-to-day company
operations and, in the event the government obtains ownership interests, it will vote only
on key governance issues. These core principles also include Treasury's commitment to
seek to dispose of its ownership interests as soon as practicable. Treasury will follow
these principles in a manner consistent with the obligation to promote the liquidity and
stability of the financial system.
Treasury does not participate in the day-to-day management of any company in which it
has an investment nor is any Treasury employee a director of any such company.
Treasury’s investments have generally been in the form of non-voting securities or
loans. For example, the preferred shares that Treasury holds in financial institutions
under the Capital Purchase Program do not have voting rights except in certain limited
circumstances, such as amendments to the charter of the company, or in the event
dividends are not paid for several quarters, in which case Treasury has the right to elect
two directors to the board.
Treasury holds common stock in a few companies, including the new General Motors,
the new Chrysler, and Citigroup. In those cases, Treasury has announced that it will
follow the following principles in exercising its voting rights:

Governance Principles for Citigroup
1) Treasury will exercise its right to vote only on certain matters consisting of:
•
•
•
•

the election or removal of directors;
certain major corporate transactions such as mergers, sales of substantially
all assets, and dissolution;
issuances of equity securities where shareholders are entitled to vote; and
amendments to the charter or bylaws.

2) On all other matters, Treasury will vote its shares in the same proportion (for,
against or abstain) as all other shares of the company's stock are voted.
These principles are set forth in an agreement between Treasury and Citigroup.

Governance Principles for GM
Before GM’s expected initial public offering (IPO), Treasury will vote its shares as it
determines, provided that it will vote in favor of directors nominated by the GM Voluntary
Employee Benefit Association (VEBA) or the government of Canada, each of which is
also a shareholder. After the IPO, the following voting principles will apply:

31

How Treasury Exercises its Voting Rights
1) Treasury will exercise its right to vote only on certain matters consisting of:
•
•

•
•
•

the removal of directors;
the election of directors, provided that Treasury will vote in favor of individuals
nominated through a certain pre-designated process, and individuals
nominated by VEBA;
certain major corporate transactions such as mergers, sales of substantially
all assets, and dissolution;
amendments to the charter or bylaws; and
matters in which Treasury’s vote is necessary for the stockholders to take
action, in which case the shares will be voted in the same proportion (for,
against or abstain) as all other shares of the company’s stock are voted.

2) On all other matters, Treasury will not vote its shares.
These principles are set forth in the GM Stockholders Agreement.

Governance of AIG
In the case of AIG, the U.S. Treasury is the beneficiary of a trust created by the Federal
Reserve Bank of New York (FRBNY). That trust owns shares having 79.8% of the
voting rights of the common stock. The FRBNY has appointed three independent
trustees who have the power to vote the stock and dispose of the stock with prior
approval of FRBNY and after consultation with Treasury. The trust agreement provides
that the trustees cannot be employees of Treasury or the FRBNY. The trust exists for
the benefit of the U.S. Treasury, and the Department of the Treasury does not control
the trust and it cannot direct the trustees. Treasury owns preferred stock which does not
have voting rights except in certain limited circumstances (such as amendments to the
charter) or in the event dividends are not paid for four quarters, in which case Treasury
has the right to elect two directors to the board.

32

Appendix 2 – Financial Statement
 

Attached as Appendix 2 is the financial statement required under Sections 105(a)(2)
and (3) of EESA for the period ending August 31, 2009.

33

United States Department of Treasury
Office of Financial Stability
Troubled Asset Relief Program
Report of Administrative Obligations and Expenditures [Section 105(a)(2)]

For Period Ending
August 31, 2009

PERSONNEL SERVICES
NON-PERSONNEL
SERVICES

Budget
Object Class
(BOC)
1100 & 1200
2100
2200
2300
2400
2500
2600
3100
3200

For Period Ending
September 30, 2009

Budget Object Class Title
PERSONNEL COMPENSATION & BENEFITS
PERSONNEL SERVICES Total:
TRAVEL & TRANSPORTATION OF PERSONS
TRANSPORTATION OF THINGS
RENTS, COMMUNICATIONS, UTILITIES & MISC CHARGES
PRINTING & REPRODUCTION
OTHER SERVICES
SUPPLIES AND MATERIALS
EQUIPMENT
LAND & STRUCTURES
NON-PERSONNEL SERVICES Total:

Obligations
$12,069,576
$12,069,576
$211,474
24,160
112,656
395
67,188,830
112,328
223,296
$67,873,139

Expenditures
$11,370,412
$11,370,412
$166,095
9,814
40,952
395
31,187,632
112,328
219,066
$31,736,281

Projected
Obligations
$14,500,000
$14,500,000
$290,000
15,000
140,000
400
72,000,000
120,000
230,000
$72,795,400

Projected
Expenditures
$14,000,000
$14,000,000
$260,000
12,000
50,000
400
40,000,000
120,000
230,000
$40,672,400

GRAND TOTAL:

$79,942,715

$43,106,693

$87,295,400

$54,672,400

U.S. Treasury Department
Office of Financial Stability
Troubled Asset Relief Program
Agreements Under TARP [Section 105(a)(3)(A)]
For Period Ending August 31, 2009
Date
Approved
or Renewed
10/10/2008
10/11/2008
10/14/2008
10/16/2008
10/18/2008
10/23/2008
10/29/2008
10/29/2008
10/31/2008
11/7/2008
11/14/2008
11/14/2008
12/3/2008
12/5/2008
12/5/2008
12/10/2008
12/12/2008
12/15/2008
12/24/2008
1/6/2009
1/6/2009
1/7/2009
1/9/2009
1/27/2009
1/27/2009
2/2/2009
2/9/2009
2/12/2009
2/18/2009
2/18/2009
2/20/2009
2/20/2009
2/22/2009
3/6/2009
3/16/2009
3/23/2009
3/30/2009
3/30/2009
3/30/2009
3/30/2009
3/31/2009
4/3/2009
4/17/2009
4/17/2009
4/21/2009
4/21/2009
4/21/2009
5/4/2009
5/14/2009
5/14/2009
5/22/2009
5/26/2009
5/26/2009
6/5/2009
6/8/2009
6/29/2009
7/15/2009
7/17/2009
7/30/2009
7/30/2009
7/30/2009
8/11/2009

Type of
Transaction

Vendor

BPA
Simpson, Thacher & Bartlett
BPA
EnnisKnupp
Financial Agent Bank of New York Mellon
BPA
PricewaterhouseCoopers
BPA
Ernst & Young
IAA
GSA - Turner Consulting*
BPA
Hughes Hubbard & Reed
BPA
Squire Sanders & Dempsey
Contract
Lindholm & Associates*
BPA
Thacher Proffitt & Wood**
IAA
Securities and Exchange Commission
Procurement CSC Systems and Solutions
IAA
Trade and Tax Bureau - Treasury
IAA
Department of Housing and Urban Development
Procurement Washington Post
BPA
Thacher Proffitt & Wood**
IAA
Pension Benefit Guaranty Corp.
IAA
Office of Thrift Supervision
Procurement Cushman and Wakefield of VA, Inc.
Office of the Controller of the Currency
IAA
State Department
IAA
Procurement Colonial Parking
IAA
Internal Revenue Service
Cadwalader Wickersham & Taft, LLP
BPA
Procurement Whitaker Brothers Bus. Machines*
IAA
Government Accountability Office
Contract
Pat Taylor and Associates, Inc*
Contract
Locke Lord Bissell & Lidell LLP
Financial Agent Freddie Mac
Financial Agent Fannie Mae
IAA
Congressional Oversight Panel
Contract
Simpson, Thacher & Bartlett
Contract
Venable LLP
Contract
Boston Consulting Group
Financial Agent EARNEST Partners
Procurement Heery International Inc.
Contract
McKee Nelson, LLP
Contract
Sonnenschein Nath & Rosenthal
Contract
Cadwalader Wickersham & Taft, LLP
Contract
Haynes and Boone LLP
BPA
FI Consulting*
Procurement American Furniture Rentals*
Procurement Herman Miller
IAA
Bureau of Printing and Engraving
Financial Agent AllianceBernstein
Financial Agent FSI Group
Financial Agent Piedmont Investment Advisors
IAA
Federal Reserve
Contract
Phacil*
IAA
Department of Treasury - US Mint
IAA
Department of Justice - ATF
Contract
Anderson, McCoy & Orta, LLP*
Contract
Simpson, Thacher & Bartlett
Contract
Department of Treasury - Internal Revenue Service
IAA
Department of Treasury - Financial Management
IAA
Department of Interior
Contract
Judicial Watch
Contract
Korn Ferry International
Contract
Cadwalader Wickersham & Taft, LLP
Contract
Debevoise & Plimpton, LLP
Contract
Fox Hefter Swibel Levin & Carol, LLP
IAA
NASA

* Small or Women-, or Minority-Owned Small Business
**Contract responsibilities assumed by Sonnenschein Nath & Rosenthal via novation.

Purpose
Legal Services
Investment and Advisory Services
Custodian and Cash Management
Internal Control Services
Accounting Services
Archiving Services
Legal Services
Legal Services
Human Resources Services
Legal Services
Detailees
IT Services
IT Services
Detailees
Vacancy Announcement
Legal Services
Legal Services
Detailees
Painting
Detailees
Detailees
Parking
Detailees
Legal Services
Office Machines
Oversight
Temporary Employee Services
Legal Services
Homeownership Program
Homeownership Program
Oversight
Legal Services
Legal Services
Management Consulting Support
Asset Management Services
Architects
Legal Services
Legal Services
Legal Services
Legal Services
Modeling and Analysis
Office Furniture
Office Furniture
Detailee
Asset Management Services
Asset Management Services
Asset Management Services
Detailee
FOIA Services
Administrative Support
Detailee
Legal Services
Legal Services
Administrative Services
IT Services
Website Testing
Legal Advisory
Administrative Support
Legal Advisory
Legal Advisory
Legal Advisory
Detailee

U.S. Treasury Department
Office of Financial Stability
Troubled Asset Relief Program
Insurance Contracts [Section 105(a)(3)(B)]
For Period Ending August 31, 2009

Name
Citigroup

Amount
$5,000,000,000

The subsidy rate for this insurance contract is determined
to be -0.25 percent. Per EESA section 102(c)(3),
premiums shall be set at a level necessary to meet
anticipated claims. To ensure that the guarantee remains
compliant with section 102(c)(3), the Master Agreement
provides for post-signing adjustments including additional
Citigroup preferred stock, a reduction of the covered asset
pool, and/or an increased Citigroup deductible (section 5.2
of the Master Agreement). Under this section of the
agreement, the subsidy rate will be reassessed once the
loan pools are finalized and details are provided to
Treasury (changes in the composition of assets are
expected). Citigroup must either transfer more preferred
stock or absorb more in first losses (it is unlikely the size of
the asset pool would be reduced), if it is found that the
risks of the assets in the loan pool exceed those estimated
today and would not meet the requirements of EESA
section 102(c)(3). This “true-up” would occur over the next
3 months.

U.S. Treasury Department
Office of Financial Stability
Troubled Asset Relief Program
Projected Costs and Liabilities [Section 105(a)(3)(E)]
For Period Ending August 31, 2009

Type of Expense/Liability

Amount

None

Note: Treasury interprets this reporting requirement as
applicable to costs and liabilities related to insurance contracts
entered into under the provisions of section 102 of the EESA;
and the single insurance contract with Citigroup is structured
such that no costs are anticipated, i.e. the currently
anticipated cash inflows of the contract slightly exceed
anticipated cash outflows.

U.S. Treasury Department
Office of Financial Stability
Troubled Asset Relief Program
Programmatic Operating Expenses [Section 105(a)(3)(F)]
For Period Ending August 31, 2009

Type of Expense
Compensation for financial agents
and legal firms

Amount

$96,392,720

U.S. Treasury Department
Office of Financial Stability
Troubled Asset Relief Program
Description of Vehicles Established [Section 105(a)(3)(H)]
For Period Ending August 31, 2009

Date

Vehicle
None

Description

U.S. Treasury Department
Office of Financial Stability
Troubled Asset Relief Program
Transactions Report [Section 105(a)(3)(C, D, G)]
For Period Ending August 31, 2009
CAPITAL PURCHASE PROGRAM

Seller

Footnote Purchase Date

11

Name of Institution

Purchase Details

City

State

Investment Description

Treasury Investment Remaining
After Capital Repayment

Capital Repayment Details

Investment Amount

Capital Repayment
Pricing
Capital
Mechanism Repayment Date
Amount 6

10/28/2008
10/28/2008
10/28/2008
10/28/2008
10/28/2008
10/28/2008
10/28/2008
10/28/2008
11/14/2008
11/14/2008
11/14/2008
11/14/2008
11/14/2008
11/14/2008
11/14/2008
11/14/2008
11/14/2008
11/14/2008
11/14/2008
11/14/2008
11/14/2008
11/14/2008
11/14/2008
11/14/2008

Bank of America Corporation
The Bank of New York Mellon Corporation
Citigroup Inc.
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Morgan Stanley
State Street Corporation
Wells Fargo & Company
Bank of Commerce Holdings
1st FS Corporation
UCBH Holdings, Inc.
Northern Trust Corporation
SunTrust Banks, Inc.
Broadway Financial Corporation
Washington Federal Inc.
BB&T Corp.
Provident Bancshares Corp.
Umpqua Holdings Corp.
Comerica Inc.
Regions Financial Corp.
Capital One Financial Corporation
First Horizon National Corporation
Huntington Bancshares
KeyCorp

Charlotte
New York
New York
New York
New York
New York
Boston
San Francisco
Redding
Hendersonville
San Francisco
Chicago
Atlanta
Los Angeles
Seattle
Winston-Salem
Baltimore
Portland
Dallas
Birmingham
McLean
Memphis
Columbus
Cleveland

NC
NY
NY
NY
NY
NY
MA
CA
CA
NC
CA
IL
GA
CA
WA
NC
MD
OR
TX
AL
VA
TN
OH
OH

Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

15,000,000,000
3,000,000,000
25,000,000,000
10,000,000,000
25,000,000,000
10,000,000,000
2,000,000,000
25,000,000,000
17,000,000
17 000 000
16,369,000
298,737,000
1,576,000,000
3,500,000,000
9,000,000
200,000,000
3,133,640,000
151,500,000
214,181,000
2,250,000,000
3,500,000,000
3,555,199,000
866,540,000
1,398,071,000
2,500,000,000

Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par

11/14/2008
11/14/2008
11/14/2008
11/14/2008
11/14/2008
11/21/2008
11/21/2008
11/21/2008
11/21/2008
11/21/2008
11/21/2008
11/21/2008
11/21/2008
11/21/2008
11/21/2008
11/21/2008
11/21/2008

Valley National Bancorp
Zions Bancorporation
Marshall & Ilsley Corporation
U.S. Bancorp
TCF Financial Corporation
First Niagara Financial Group
HF Financial Corp.
Centerstate Banks of Florida Inc.
City National Corporation
First Community Bankshares Inc.
Western Alliance Bancorporation
Webster Financial Corporation
Pacific Capital Bancorp
Heritage Commerce Corp.
Ameris Bancorp
Porter Bancorp Inc.
Banner Corporation

Wayne
Salt Lake City
Milwaukee
Minneapolis
Wayzata
Lockport
Sioux Falls
Davenport
Beverly Hills
Bluefield
Las Vegas
Waterbury
Santa Barbara
San Jose
Moultrie
Louisville
Walla Walla

NJ
UT
WI
MN
MN
NY
SD
FL
CA
VA
NV
CT
CA
CA
GA
KY
WA

Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

300,000,000
1,400,000,000
1,715,000,000
6,599,000,000
361,172,000
184,011,000
25,000,000
27,875,000
400,000,000
41,500,000
140,000,000
400,000,000
180,634,000
40,000,000
52,000,000
35,000,000
124,000,000

Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par

Remaining
Capital Amount

Final Disposition

Remaining
Investment
Description

Final
Disposition
Date

Disposition
Investment
Description

Final Disposition
Proceeds

6/17/2009

4

$

3,000,000,000

$

0

Warrants

8/5/2009

Warrants

$

136,000,000

6/17/2009
6/17/2009
6/17/2009
6/17/2009

4

$
$
$
$

10,000,000,000
25,000,000,000
10,000,000,000
2,000,000,000

$
$
$
$

0
0
0
0

Warrants
Warrants
Warrants
Warrants

7/22/2009

Warrants

$

1,100,000,000

8/12/2009
7/8/2009

Warrants
Warrants

$
$

950,000,000
60,000,000

6/17/2009

4

$

1,576,000,000

$

0

Warrants

8/26/2009

Warrants

$

87,000,000

5/27/2009
6/17/2009

4

$
$

200,000,000
3,133,640,000

$
$

0
0

Warrants
Warrants

7/22/2009

Warrants

$

67,010,402

6/17/2009

4

$

3,555,199,000

$

0

Warrants

6/3/2009

4

$

75,000,000

$

6/17/2009
4/22/2009
5/27/2009
6/3/2009

4

$
$
$
$

6,599,000,000
361,172,000
184,011,000
25,000,000

$
$
$
$

0
0
0
0

Warrants
Warrants
Warrants
Warrants

7/15/2009

Warrants

$

139,000,000

6/24/2009
6/30/2009

Warrants
Warrants

$
$

2,700,000
650,000

7/8/2009

5

$

41,500,000

$

0

Warrants

4
4
5

4

4
5
4

225,000,000

9

Preferred Stock w/
Warrants

9

Page 1 of 20

Seller

Footnote Purchase Date

Name of Institution

Purchase Details

City

State

Investment Description

Investment Amount

Capital Repayment
Pricing
Capital
6
Mechanism Repayment Date
Amount

11/21/2008
11/21/2008
11/21/2008
11/21/2008
11/21/2008
11/21/2008
11/21/2008
11/21/2008
11/21/2008
11/21/2008
11/21/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008

12

Treasury Investment Remaining
After Capital Repayment

Capital Repayment Details

Cascade Financial Corporation
Columbia Banking System, Inc.
Heritage Financial Corporation
First PacTrust Bancorp, Inc.
Severn Bancorp, Inc.
Boston Private Financial Holdings, Inc.
Associated Banc-Corp
Trustmark Corporation
First Community Corporation
Taylor Capital Group
Nara Bancorp, Inc.
Midwest Banc Holdings, Inc.
MB Financial Inc.
First Midwest Bancorp, Inc.
United Community Banks, Inc.
Wesbanco Bank Inc.
Encore Bancshares Inc.
Manhattan Bancorp
Iberiabank Corporation
Eagle Bancorp, Inc.
Sandy Spring Bancorp, Inc.
Coastal Banking Company, Inc.
East West Bancorp
South Financial Group, Inc.
Great Southern Bancorp
Cathay General Bancorp
Southern Community Financial Corp.

Everett
Tacoma
Olympia
Chula Vista
Annapolis
Boston
Green Bay
Jackson
Lexington
Rosemont
Los Angeles
Melrose Park
Chicago
Itasca
Blairsville
Wheeling
Houston
El Segundo
Lafayette
Bethesda
Olney
Fernandina Beach
Pasadena
Greenville
Springfield
Los Angeles
Winston-Salem

WA
WA
WA
CA
MD
MA
WI
MS
SC
IL
CA
IL
IL
IL
GA
WV
TX
CA
LA
MD
MD
FL
CA
SC
MO
CA
NC

Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

38,970,000
76,898,000
24,000,000
19,300,000
23,393,000
154,000,000
525,000,000
215,000,000
11,350,000
104,823,000
67,000,000
84,784,000
196,000,000
193,000,000
180,000,000
75,000,000
34,000,000
1,700,000
90,000,000
90 000 000
38,235,000
83,094,000
9,950,000
306,546,000
347,000,000
58,000,000
258,000,000
42,750,000

Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par

12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/5/2008
12/12/2008
12/12/2008
12/12/2008
12/12/2008
12/12/2008

CVB Financial Corp
First Defiance Financial Corp.
First Financial Holdings Inc.
Superior Bancorp Inc.
Southwest Bancorp, Inc.
Popular, Inc.
Blue Valley Ban Corp
Central Federal Corporation
Bank of Marin Bancorp
Bank of North Carolina
Central Bancorp, Inc.
Southern Missouri Bancorp, Inc.
State Bancorp, Inc.
TIB Financial Corp
Unity Bancorp, Inc.
Old Line Bancshares, Inc.
FPB Bancorp, Inc.
Sterling Financial Corporation
Oak Valley Bancorp
Old National Bancorp
Capital Bank Corporation
Pacific International Bancorp
SVB Financial Group
LNB Bancorp Inc.

Ontario
Defiance
Charleston
Birmingham
Stillwater
San Juan
Overland Park
Fairlawn
Novato
Thomasville
Somerville
Poplar Bluff
Jericho
Naples
Clinton
Bowie
Port St. Lucie
Spokane
Oakdale
Evansville
Raleigh
Seattle
Santa Clara
Lorain

CA
OH
SC
AL
OK
PR
KS
OH
CA
NC
MA
MO
NY
FL
NJ
MD
FL
WA
CA
IN
NC
WA
CA
OH

Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

130,000,000
37,000,000
65,000,000
69,000,000
70,000,000
935,000,000
21,750,000
7,225,000
28,000,000
31,260,000
10,000,000
9,550,000
36,842,000
37,000,000
20,649,000
7,000,000
5,800,000
303,000,000
13,500,000
100,000,000
41,279,000
6,500,000
235,000,000
25,223,000

Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par

Remaining
Capital Amount

Final Disposition

Remaining
Investment
Description

Final
Disposition
Date

Warrants

5/20/2009

Warrants

5/8/2009

Warrants

3/31/2009

5

$

90,000,000
90 000 000

$

8/26/2009

4

$

97,500,000

$

3/31/2009

4

$

28,000,000

$

0

7,000,000

$

0

Warrants

$

100,000,000

$

0

Warrants

Final Disposition
Proceeds

Warrants

$

Disposition
Investment
Description

7/15/2009

3/31/2009

4

0

32,500,000

9

$

1 200 000
1,200,000

$

1,200,000

Preferred Stock w/
Warrants

Page 2 of 20

Seller

Footnote Purchase Date
12/12/2008
12/12/2008
12/12/2008
12/12/2008
12/12/2008
12/12/2008
12/12/2008
12/12/2008
12/12/2008
12/12/2008
12/12/2008
12/12/2008
12/12/2008
12/12/2008
12/12/2008
12/12/2008
12/12/2008
12/12/2008
12/12/2008
12/12/2008
12/12/2008
12/12/2008
12/12/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008

Name of Institution
Wilmington Trust Corporation
Susquehanna Bancshares, Inc
Signature Bank
HopFed Bancorp
Citizens Republic Bancorp, Inc.
Indiana Community Bancorp
Bank of the Ozarks, Inc.
Center Financial Corporation
NewBridge Bancorp
Sterling Bancshares, Inc.
The Bancorp, Inc.
TowneBank
Wilshire Bancorp, Inc.
Valley Financial Corporation
Independent Bank Corporation
Pinnacle Financial Partners, Inc.
First Litchfield Financial Corporation
National Penn Bancshares, Inc.
Northeast Bancorp
Citizens South Banking Corporation
Virginia Commerce Bancorp
Fidelity Bancorp, Inc.
LSB Corporation
Intermountain Community Bancorp
Community West Bancshares
Synovus Financial Corp.
Tennessee Commerce Bancorp, Inc.
Community Bankers Trust Corporation
BancTrust Financial Group, Inc.
Enterprise Financial Services Corp.
Mid Penn Bancorp, Inc.
Summit State Bank
VIST Financial Corp.
Wainwright Bank & Trust Company
Whitney Holding Corporation
The Connecticut Bank and Trust Company
CoBiz Financial Inc.
Santa Lucia Bancorp
Seacoast Banking Corporation of Florida
Horizon Bancorp
Fidelity Southern Corporation
y
p
Community Financial Corporation
Berkshire Hills Bancorp, Inc.
First California Financial Group, Inc
AmeriServ Financial, Inc
Security Federal Corporation
Wintrust Financial Corporation
Flushing Financial Corporation
Monarch Financial Holdings, Inc.
StellarOne Corporation
Union Bankshares Corporation
Tidelands Bancshares, Inc

Purchase Details

City
Wilmington
Lititz
New York
Hopkinsville
Flint
Columbus
Little Rock
Los Angeles
Greensboro
Houston
Wilmington
Portsmouth
Los Angeles
Roanoke
Ionia
Nashville
Litchfield
Boyertown
Lewiston
Gastonia
Arlington
Pittsburgh
North Andover
Sandpoint
Goleta
Columbus
Franklin
Glen Allen
Mobile
St. Louis
Millersburg
Santa Rosa
Wyomissing
Boston
New Orleans
Hartford
Denver
Atascadero
Stuart
Michigan City
Atlanta
Staunton
Pittsfield
Westlake Village
Johnstown
Aiken
Lake Forest
Lake Success
Chesapeake
Charlottesville
Bowling Green
Mt. Pleasant

State
DE
PA
NY
KY
MI
IN
AR
CA
NC
TX
DE
VA
CA
VA
MI
TN
CT
PA
ME
NC
VA
PA
MA
ID
CA
GA
TN
VA
AL
MO
PA
CA
PA
MA
LA
CT
CO
CA
FL
IN
GA
VA
MA
CA
PA
SC
IL
NY
VA
VA
VA
SC

Investment Description
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants

Investment Amount
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

Treasury Investment Remaining
After Capital Repayment

Capital Repayment Details

330,000,000
300,000,000
120,000,000
18,400,000
300,000,000
21,500,000
75,000,000
55,000,000
52,372,000
125,198,000
45,220,000
76,458,000
62,158,000
16,019,000
72,000,000
95,000,000
10,000,000
150,000,000
4,227,000
4 227 000
20,500,000
71,000,000
7,000,000
15,000,000
27,000,000
15,600,000
967,870,000
30,000,000
17,680,000
50,000,000
35,000,000
10,000,000
8,500,000
25,000,000
22,000,000
300,000,000
5,448,000
64,450,000
4,000,000
50,000,000
25,000,000
48,200,000
12,643,000
,
,
40,000,000
25,000,000
21,000,000
18,000,000
250,000,000
70,000,000
14,700,000
30,000,000
59,000,000
14,448,000

Capital Repayment
Pricing
Capital
6
Mechanism Repayment Date
Amount
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par

Remaining
Capital Amount

Remaining
Investment
Description

3/31/2009

4

$

120,000,000

$

0

4

$

125,198,000

$

0

4

$

40,000,000

$

0

Warrants

Final Disposition
Proceeds

Warrants

5/27/2009

Disposition
Investment
Description

Warrants

5/5/2009

Final Disposition
Final
Disposition
Date

6/24/2009

Warrants

$

1,040,000

Page 3 of 20

Seller

Footnote Purchase Date

2
2
2
3
2
2
2
2
2
2
2
2
2
2

2
2
2
2
3
2
2
2
2

12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008

Name of Institution
Bancorp Rhode Island, Inc.
Hawthorn Bancshares, Inc.
The Elmira Savings Bank, FSB
Alliance Financial Corporation
Heartland Financial USA, Inc.
Citizens First Corporation
FFW Corporation
Plains Capital Corporation
Tri-County Financial Corporation
OneUnited Bank
Patriot Bancshares, Inc.
Pacific City Financial Corporation
Marquette National Corporation
Exchange Bank
Monadnock Bancorp, Inc.
Bridgeview Bancorp, Inc.
Fidelity Financial Corporation
Patapsco Bancorp, Inc.
NCAL Bancorp
FCB Bancorp, Inc.
First Financial Bancorp
Bridge Capital Holdings
International Bancshares Corporation
First Sound Bank
M&T Bank Corporation
Emclaire Financial Corp.
Park National Corporation
Green Bankshares, Inc.
Cecil Bancorp, Inc.
Financial Institutions, Inc.
Fulton Financial Corporation
United Bancorporation of Alabama, Inc.
MutualFirst Financial, Inc.
BCSB Bancorp, Inc.
HMN Financial, Inc.
First Community Bank Corporation of America
Sterling Bancorp
Intervest Bancshares Corporation
Peoples Bancorp of North Carolina, Inc.
Parkvale Financial Corporation
Timberland Bancorp, Inc.
p
1st Constitution Bancorp
Central Jersey Bancorp
Western Illinois Bancshares Inc.
Saigon National Bank
Capital Pacific Bancorp
Uwharrie Capital Corp
Mission Valley Bancorp
The Little Bank, Incorporated
Pacific Commerce Bank
Citizens Community Bank
Seacoast Commerce Bank

Purchase Details

City
Providence
Lee's Summit
Elmira
Syracuse
Dubuque
Bowling Green
Wabash
Dallas
Waldorf
Boston
Houston
Los Angeles
Chicago
Santa Rosa
Peterborough
Bridgeview
Wichita
Dundalk
Los Angeles
Louisville
Cincinnati
San Jose
Laredo
Seattle
Buffalo
Emlenton
Newark
Greeneville
Elkton
Warsaw
Lancaster
Atmore
Muncie
Baltimore
Rochester
Pinellas Park
New York
New York
Newton
Monroeville
Hoquiam
Cranbury
y
Oakhurst
Monmouth
Westminster
Portland
Albemarle
Sun Valley
Kinston
Los Angeles
South Hill
Chula Vista

State
RI
MO
NY
NY
IA
KY
IN
TX
MD
MA
TX
CA
IL
CA
NH
IL
KS
MD
CA
KY
OH
CA
TX
WA
NY
PA
OH
TN
MD
NY
PA
AL
IN
MD
MN
FL
NY
NY
NC
PA
WA
NJ
NJ
IL
CA
OR
NC
CA
NC
CA
VA
CA

Investment Description
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants

Investment Amount
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

Treasury Investment Remaining
After Capital Repayment

Capital Repayment Details

30,000,000
30,255,000
9,090,000
26,918,000
81,698,000
8,779,000
7,289,000
87,631,000
15,540,000
12,063,000
26,038,000
16,200,000
35,500,000
43,000,000
1,834,000
38,000,000
36,282,000
6,000,000
10,000,000
10 000 000
9,294,000
80,000,000
23,864,000
216,000,000
7,400,000
600,000,000
7,500,000
100,000,000
72,278,000
11,560,000
37,515,000
376,500,000
10,300,000
32,382,000
10,800,000
26,000,000
10,685,000
42,000,000
25,000,000
25,054,000
31,762,000
16,641,000
12,000,000
,
,
11,300,000
6,855,000
1,549,000
4,000,000
10,000,000
5,500,000
7,500,000
4,060,000
3,000,000
1,800,000

Capital Repayment
Pricing
Capital
6
Mechanism Repayment Date
Amount
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par

Remaining
Capital Amount

Remaining
Investment
Description

8/5/2009

4

$

30,000,000

$

0

4

$

26,918,000

$

0

Warrants

Disposition
Investment
Description

Final Disposition
Proceeds

Warrants

5/13/2009

Final Disposition
Final
Disposition
Date

6/17/2009

Warrants

$

900,000

Page 4 of 20

Seller

Footnote Purchase Date
2
2
2
2
2
2
2
2
2
2
2

2
1

2
2
2
2
2
3
2

12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/31/2008
12/31/2008
12/31/2008
12/31/2008
12/31/2008
12/31/2008
12/31/2008
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009

Name of Institution
TCNB Financial Corp.
Leader Bancorp, Inc.
Nicolet Bankshares, Inc.
Magna Bank
Western Community Bancshares, Inc.
Community Investors Bancorp, Inc.
Capital Bancorp, Inc.
Cache Valley Banking Company
Citizens Bancorp
Tennessee Valley Financial Holdings, Inc.
Pacific Coast Bankers' Bancshares
SunTrust Banks, Inc.
The PNC Financial Services Group Inc.
Fifth Third Bancorp
Hampton Roads Bankshares, Inc.
CIT Group Inc.
West Bancorporation, Inc.
First Banks, Inc.
Bank of America Corporation
FirstMerit Corporation
Farmers Capital Bank Corporation
Peapack-Gladstone Financial Corporation
Commerce National Bank
The First Bancorp, Inc.
Sun Bancorp, Inc.
Crescent Financial Corporation
American Express Company
Central Pacific Financial Corp.
Centrue Financial Corporation
Eastern Virginia Bankshares, Inc.
Colony Bankcorp, Inc.
Independent Bank Corp.
Cadence Financial Corporation
LCNB Corp.
Center Bancorp, Inc.
F.N.B. Corporation
C&F Financial Corporation
North Central Bancshares, Inc.
Carolina Bank Holdings, Inc.
First Bancorp
First Financial Service Corporation
y
p,
Codorus Valley Bancorp, Inc.
MidSouth Bancorp, Inc.
First Security Group, Inc.
Shore Bancshares, Inc.
The Queensborough Company
American State Bancshares, Inc.
Security California Bancorp
Security Business Bancorp
Sound Banking Company
Mission Community Bancorp
Redwood Financial Inc.

Purchase Details

City
Dayton
Arlington
Green Bay
Memphis
Palm Desert
Bucyrus
Rockville
Logan
Nevada City
Oak Ridge
San Francisco
Atlanta
Pittsburgh
Cincinnati
Norfolk
New York
West Des Moines
Clayton
Charlotte
Akron
Frankfort
Gladstone
Newport Beach
Damariscotta
Vineland
Cary
New York
Honolulu
St. Louis
Tappahannock
Fitzgerald
Rockland
Starkville
Lebanon
Union
Hermitage
West Point
Fort Dodge
Greensboro
Troy
Elizabethtown
York
Lafayette
Chattanooga
Easton
Louisville
Great Bend
Riverside
San Diego
Morehead City
San Luis Obispo
Redwood Falls

State
OH
MA
WI
TN
CA
OH
MD
UT
CA
TN
CA
GA
PA
OH
VA
NY
IA
MO
NC
OH
KY
NJ
CA
ME
NJ
NC
NY
HI
MO
VA
GA
MA
MS
OH
NJ
PA
VA
IA
NC
NC
KY
PA
LA
TN
MD
GA
KS
CA
CA
NC
CA
MN

Investment Description
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock
Preferred Stock w/ Exercised Warrants

Investment Amount
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

Treasury Investment Remaining
After Capital Repayment

Capital Repayment Details

2,000,000
5,830,000
14,964,000
13,795,000
7,290,000
2,600,000
4,700,000
4,767,000
10,400,000
3,000,000
11,600,000
1,350,000,000
7,579,200,000
3,408,000,000
80,347,000
2,330,000,000
36,000,000
295,400,000
10,000,000,000
10 000 000 000
125,000,000
30,000,000
28,685,000
5,000,000
25,000,000
89,310,000
24,900,000
3,388,890,000
135,000,000
32,668,000
24,000,000
28,000,000
78,158,000
44,000,000
13,400,000
10,000,000
100,000,000
20,000,000
10,200,000
16,000,000
65,000,000
20,000,000
16,500,000
,
,
20,000,000
33,000,000
25,000,000
12,000,000
6,000,000
6,815,000
5,803,000
3,070,000
5,116,000
2,995,000

Capital Repayment
Pricing
Capital
6
Mechanism Repayment Date
Amount
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par

Remaining
Capital Amount

Final Disposition

Remaining
Investment
Description

Final
Disposition
Date

Disposition
Investment
Description

Final Disposition
Proceeds

4/22/2009

4

$

125,000,000

$

0

Warrants

5/27/2009

Warrants

$

5,025,000

4/8/2009

4

$

89,310,000

$

0

Warrants

5/27/2009

Warrants

$

2,100,000

6/17/2009

4

$

3,388,890,000

$

0

Warrants

7/29/2009

Warrants

$

340,000,000

4/22/2009

4

$

78,158,000

$

0

Warrants

5/27/2009

Warrants

$

2,200,000

4/15/2009

4

$

25,000,000

$

0

Warrants

4

Page 5 of 20

Seller

Footnote Purchase Date
2
2
2
2
2
2
2
2
2

Name of Institution

Purchase Details

City

State

Investment Description

Investment Amount

Capital Repayment
Pricing
Capital
6
Mechanism Repayment Date
Amount

2
2

1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/9/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009

Surrey Bancorp
Independence Bank
Valley Community Bank
Rising Sun Bancorp
Community Trust Financial Corporation
GrandSouth Bancorporation
Texas National Bancorporation
Congaree Bancshares, Inc.
New York Private Bank & Trust Corporation
Home Bancshares, Inc.
Washington Banking Company
New Hampshire Thrift Bancshares, Inc.
Bar Harbor Bankshares
Somerset Hills Bancorp
SCBT Financial Corporation
S&T Bancorp
ECB Bancorp, Inc.
First BanCorp
Texas Capital Bancshares Inc
Bancshares, Inc.
Yadkin Valley Financial Corporation
Carver Bancorp, Inc
Citizens & Northern Corporation
MainSource Financial Group, Inc.
MetroCorp Bancshares, Inc.
United Bancorp, Inc.
Old Second Bancorp, Inc.
Pulaski Financial Corp
OceanFirst Financial Corp.
Community 1st Bank
TCB Holding Company, Texas Community Bank

Mount Airy
East Greenwich
Pleasanton
Rising Sun
Ruston
Greenville
Jacksonville
Cayce
New York
Conway
Oak Harbor
Newport
Bar Harbor
Bernardsville
Columbia
Indiana
Engelhard
San Juan
Dallas
Elkin
New York
Wellsboro
Greensburg
Houston
Tecumseh
Aurora
Creve Coeur
Toms River
Roseville
The Woodlands

NC
RI
CA
MD
LA
SC
TX
SC
NY
AR
WA
NH
ME
NJ
SC
PA
NC
PR
TX
NC
NY
PA
IN
TX
MI
IL
MO
NJ
CA
TX

Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

2,000,000
1,065,000
5,500,000
5,983,000
24,000,000
9,000,000
3,981,000
3,285,000
267,274,000
50,000,000
26,380,000
10,000,000
18,751,000
7,414,000
64,779,000
108,676,000
17,949,000
400,000,000
75,000,000
75 000 000
36,000,000
18,980,000
26,440,000
57,000,000
45,000,000
20,600,000
73,000,000
32,538,000
38,263,000
2,550,000
11,730,000

Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par

2
2
2
3
2
2
2
2
2
2
2
2
2
2

1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/16/2009

Centra Financial Holdings, Inc.
First Bankers Trustshares, Inc.
Pacific Coast National Bancorp
Community Bank of the Bay
Redwood Capital Bancorp
Syringa Bancorp
Idaho Bancorp
Puget Sound Bank
United Financial Banking Companies, Inc.
Dickinson Financial Corporation II
p
The Baraboo Bancorporation
Bank of Commerce
State Bankshares, Inc.
BNCCORP, Inc.

Morgantown
Quincy
San Clemente
Oakland
Eureka
Boise
Boise
Bellevue
Vienna
Kansas City
Baraboo
Charlotte
Fargo
Bismarck

WV
IL
CA
CA
CA
ID
ID
WA
VA
MO
WI
NC
ND
ND

Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants

$
$
$
$
$
$
$
$
$
$
$
$
$
$

15,000,000
10,000,000
4,120,000
1,747,000
3,800,000
8,000,000
6,900,000
4,500,000
5,658,000
146,053,000
20,749,000
,
,
3,000,000
50,000,000
20,093,000

Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par

2
3
2
2

1/16/2009
1/16/2009
1/16/2009
1/16/2009
1/23/2009
1/23/2009

First Manitowoc Bancorp, Inc.
Southern Bancorp, Inc.
Morrill Bancshares, Inc.
Treaty Oak Bancorp, Inc.
1st Source Corporation
Princeton National Bancorp, Inc.

Manitowoc
Arkadelphia
Merriam
Austin
South Bend
Princeton

WI
AR
KS
TX
IN
IL

Preferred Stock w/ Exercised Warrants
Preferred Stock
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants

$
$
$
$
$
$

12,000,000
11,000,000
13,000,000
3,268,000
111,000,000
25,083,000

Par
Par
Par
Par
Par
Par

3

Treasury Investment Remaining
After Capital Repayment

Capital Repayment Details

5/20/2009
5/20/2009

4

5/13/2009

Remaining
Capital Amount

Final Disposition

Remaining
Investment
Description

Final
Disposition
Date

6/24/2009
6/24/2009

$
$

7,414,000
64,779,000

$
$

0
0

Warrants
Warrants

4

$

75,000,000
75 000 000

$

0

4

$

15,000,000

$

0

Preferred Stock 2

8/12/2009

4

$

12,500,000

$

5/27/2009

4

$

12,000,000

$

Final Disposition
Proceeds

Warrants

3/31/2009

Disposition
Investment
Description

4

Warrants
Warrants

$
$

275,000
1,400,000

$

750,000

$

600,000

2,

37,500,000

4/15/2009

Preferred Stock

5/27/2009

Preferred Stock

7

Preferred Stock 2
2,

0

Preferred Stock 2

7

Page 6 of 20

Seller

Footnote Purchase Date

Name of Institution

2
2

1/23/2009
1/23/2009
1/23/2009
1/23/2009
1/23/2009

AB&T Financial Corporation
First Citizens Banc Corp
WSFS Financial Corporation
Commonwealth Business Bank
Seaside National Bank & Trust

2
2

1/23/2009
1/23/2009

2
2
2
2
2
2
2
2
2
2
2
2
2
2

1/23/2009
1/23/2009
1/23/2009
1/23/2009
1/23/2009
1/23/2009
1/23/2009
1/23/2009
1/23/2009
1/23/2009
1/23/2009
1/23/2009
1/23/2009
1/23/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009

Purchase Details

City

State

Investment Description

Treasury Investment Remaining
After Capital Repayment

Capital Repayment Details

Investment Amount

Capital Repayment
Pricing
Capital
6
Mechanism Repayment Date
Amount

NC
OH
DE
CA
FL

Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants

$
$
$
$
$

3,500,000
23,184,000
52,625,000
7,701,000
5,677,000

CA
CA

Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants

$
$

4,656,000
1,968,000

Oakland
Ocala
Effingham
Moscow
Windsor
Thousand Oaks
Tacoma
Ashland
Jonesboro
Blaine
Macon
Carmi
Hammond
West Chester
Marietta
Madison
Sewell
Powhatan
Troy
Middleburg
Palo Alto
Chicago
Fresno
Quincy
Midland Park
Oak Ridge
Oakland
Middletown
Springfield
Annapolis
Downingtown
Alma
Visalia
Greer
Ojai
Ogallala
Manhattan Beach
Milwaukee
Boca Raton
Milford
Houlton
Little Rock
Marysville

CA
FL
IL
TN
VA
CA
WA
MO
AR
MN
MS
IL
LA
PA
OH
WI
NJ
VA
MI
VA
CA
IL
CA
CA
NJ
NC
MD
NJ
MO
MD
PA
MI
CA
SC
CA
NE
CA
WI
FL
NE
ME
AR
KS

Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

4,900,000
6,514,000
10,189,000
6,216,000
8,752,000
3,300,000
6,800,000
1,037,000
57,500,000
10,650,000
15,500,000
5,000,000
3,240,000
10,973,000
39,000,000
110,000,000
16,288,000
11,385,000
266,657,000
22,000,000
6,000,000
243,815,000
7,000,000
11,949,000
10,000,000
7,700,000
30,000,000
9,000,000
17,000,000
8,152,000
11,750,000
33,000,000
7,700,000
9,993,000
2,080,000
12,720,000
6,000,000
5,498,000
10,900,000
7,525,000
10,449,000
25,000,000
8,950,000

Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par

Preferred Stock 2

4/22/2009

Disposition
Investment
Description

Final Disposition
Proceeds

Par
Par

First ULB Corp.
Alarion Financial Services, Inc.
Midland States Bancorp, Inc.
Moscow Bancshares, Inc.
Farmers Bank
California Oaks State Bank
Pierce County Bancorp
Calvert Financial Corporation
Liberty Bancshares, Inc.
Crosstown Holding Company
BankFirst Capital Corporation
Southern Illinois Bancorp, Inc.
FPB Financial Corp.
Stonebridge Financial Corp.
Peoples Bancorp Inc.
Anchor BanCorp Wisconsin Inc.
Parke Bancorp, Inc.
Central Virginia Bankshares, Inc.
Flagstar Bancorp, Inc.
Middleburg Financial Corporation
Peninsula Bank Holding Co.
PrivateBancorp, Inc.
Central Valley Community Bancorp
Plumas Bancorp
Stewardship Financial Corporation
Oak Ridge Financial Services, Inc.
First United Corporation
Community Partners Bancorp
Guaranty Federal Bancshares, Inc.
Annapolis Bancorp, Inc.
DNB Financial Corporation
Firstbank Corporation
Valley Commerce Bancorp
Greer Bancshares Incorporated
Ojai Community Bank
Adbanc, Inc
Beach Business Bank
Legacy Bancorp, Inc.
First Southern Bancorp, Inc.
Country Bank Shares, Inc.
Katahdin Bankshares Corp.
Rogers Bancshares, Inc.
UBT Bancshares, Inc.

Final
Disposition
Date

Par
Par
Par
Par
Par

CalWest Bancorp
Fresno First Bank

Gastonia
Sandusky
Wilmington
Los Angeles
Orlando
Rancho Santa
Margarita
Fresno

Remaining
Capital Amount

Final Disposition

Remaining
Investment
Description

2,

2
2
2
2
2
3
2
2
2
2
2

4/22/2009

4

$

4,900,000

$

0

Preferred Stock

7

$

245,000

Page 7 of 20

Seller

Footnote Purchase Date
2
2
2
2
2
2
2
2
2
2
2
2
2

3
2
2
2
2
2
2
3
2
2
2
2
2
2
2
2
2
2
2
2
2
2

2
2
2
2
2

1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009

Name of Institution
Bankers' Bank of the West Bancorp, Inc.
W.T.B. Financial Corporation
AMB Financial Corp.
Goldwater Bank, N.A.
Equity Bancshares, Inc.
WashingtonFirst Bank
Central Bancshares, Inc.
Hilltop Community Bancorp, Inc.
Northway Financial, Inc.
Monument Bank
Metro City Bank
F & M Bancshares, Inc.
First Resource Bank
MidWestOne Financial Group, Inc.
Lakeland Bancorp, Inc.
Monarch Community Bancorp, Inc.
The First Bancshares, Inc.
Carolina Trust Bank
Alaska Pacific Bancshares Inc
Bancshares, Inc.
PGB Holdings, Inc.
The Freeport State Bank
Stockmens Financial Corporation
US Metro Bank
First Express of Nebraska, Inc.
Mercantile Capital Corp.
Citizens Commerce Bancshares, Inc.
Liberty Financial Services, Inc.
Lone Star Bank
First Market Bank, FSB
Banner County Ban Corporation
Centrix Bank & Trust
Todd Bancshares, Inc.
Georgia Commerce Bancshares, Inc.
First Bank of Charleston, Inc.
F & M Financial Corporation
The Bank of Currituck
CedarStone Bank
Community Holding Company of Florida, Inc.
Hyperion Bank
Pascack Community Bank
First Western Financial, Inc.
Q
g ,
QCR Holdings, Inc.
Westamerica Bancorporation
The Bank of Kentucky Financial Corporation
PremierWest Bancorp
Carrollton Bancorp
FNB United Corp.
First Menasha Bancshares, Inc.
1st Enterprise Bank
DeSoto County Bank
Security Bancshares of Pulaski County, Inc.
State Capital Corporation

Purchase Details

City
Denver
Spokane
Munster
Scottsdale
Wichita
Reston
Houston
Summit
Berlin
Bethesda
Doraville
Trezevant
Exton
Iowa City
Oak Ridge
Coldwater
Hattiesburg
Lincolnton
Juneau
Chicago
Harper
Rapid City
Garden Grove
Gering
Boston
Versailles
New Orleans
Houston
Richmond
Harrisburg
Bedford
Hopkinsville
Atlanta
Charleston
Salisbury
Moyock
Lebanon
Miramar Beach
Philadelphia
Westwood
Denver
Moline
San Rafael
Crestview Hills
Medford
Baltimore
Asheboro
Neenah
Los Angeles
Horn Lake
Waynesville
Greenwood

State
CO
WA
IN
AZ
KS
VA
TX
NJ
NH
MD
GA
TN
PA
IA
NJ
MI
MS
NC
AK
IL
KS
SD
CA
NE
MA
KY
LA
TX
VA
NE
NH
KY
GA
WV
NC
NC
TN
FL
PA
NJ
CO
IL
CA
KY
OR
MD
NC
WI
CA
MS
MO
MS

Investment Description
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants

Capital Repayment Details

Investment Amount
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

12,639,000
110,000,000
3,674,000
2,568,000
8,750,000
6,633,000
5,800,000
4,000,000
10,000,000
4,734,000
7,700,000
4,609,000
2,600,000
16,000,000
59,000,000
6,785,000
5,000,000
4,000,000
4,781,000
4 781 000
3,000,000
301,000
15,568,000
2,861,000
5,000,000
3,500,000
6,300,000
5,645,000
3,072,000
33,900,000
795,000
7,500,000
4,000,000
8,700,000
3,345,000
17,000,000
4,021,000
3,564,000
1,050,000
1,552,000
3,756,000
8,559,000
38,237,000
,
,
83,726,000
34,000,000
41,400,000
9,201,000
51,500,000
4,797,000
4,400,000
1,173,000
2,152,000
15,000,000

Capital Repayment
Pricing
Capital
6
Mechanism Repayment Date
Amount

Treasury Investment Remaining
After Capital Repayment
Remaining
Capital Amount

Remaining
Investment
Description

Final Disposition
Final
Disposition
Date

Disposition
Investment
Description

Final Disposition
Proceeds

Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Page 8 of 20

Seller

Footnote Purchase Date
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2

2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2

2
2
2
2
2
2
2

2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/20/2009
2/20/2009
2/20/2009
2/20/2009
2/20/2009
2/20/2009
2/20/2009
2/20/2009
2/20/2009
2/20/2009
2/20/2009
2/20/2009
2/20/2009
2/20/2009
2/20/2009
2/20/2009
2/20/2009
2/20/2009
2/20/2009
2/20/2009
2/20/2009
2/20/2009
2/20/2009
2/27/2009
2/27/2009
2/27/2009
2/27/2009
2/27/2009
2/27/2009
2/27/2009
2/27/2009
2/27/2009
2/27/2009
2/27/2009

Name of Institution
BankGreenville
Corning Savings and Loan Association
Financial Security Corporation
ColoEast Bankshares, Inc.
Santa Clara Valley Bank, N.A.
Reliance Bancshares, Inc.
Regional Bankshares, Inc.
Peoples Bancorp
First Choice Bank
Gregg Bancshares, Inc.
Hometown Bancshares, Inc.
Midwest Regional Bancorp, Inc.
Bern Bancshares, Inc.
Northwest Bancorporation, Inc.
Liberty Bancshares, Inc.
F&M Financial Corporation
Meridian Bank
Northwest Commercial Bank
Royal Bancshares of Pennsylvania Inc
Pennsylvania, Inc.
First Merchants Corporation
Northern States Financial Corporation
Sonoma Valley Bancorp
Guaranty Bancorp, Inc.
The Private Bank of California
Lafayette Bancorp, Inc.
Liberty Shares, Inc.
White River Bancshares Company
United American Bank
Crazy Woman Creek Bancorp, Inc.
First Priority Financial Corp.
Mid-Wisconsin Financial Services, Inc.
Market Bancorporation, Inc.
Hometown Bancorp of Alabama, Inc.
Security State Bancshares, Inc.
CBB Bancorp
BancPlus Corporation
Central Community Corporation
First BancTrust Corporation
Premier Service Bank
Florida Business BancGroup, Inc.
Hamilton State Bancshares
p
Lakeland Financial Corporation
First M&F Corporation
Southern First Bancshares, Inc.
Integra Bank Corporation
Community First Inc.
BNC Financial Group, Inc.
California Bank of Commerce
Columbine Capital Corp.
National Bancshares, Inc.
First State Bank of Mobeetie
Ridgestone Financial Services, Inc.

Purchase Details

City
Greenville
Corning
Basin
Lamar
Santa Paula
Frontenac
Hartsville
Lynden
Cerritos
Ozark
Corbin
Festus
Bern
Spokane
Springfield
Clarksville
Devon
Lakewood
Narberth
Muncie
Waukegan
Sonoma
Woodsville
Los Angeles
Oxford
Hinesville
Fayetteville
San Mateo
Buffalo
Malvern
Medford
New Market
Oneonta
Charleston
Cartersville
Ridgeland
Temple
Paris
Riverside
Tampa
Hoschton
Warsaw
Kosciusko
Greenville
Evansville
Columbia
New Canaan
Lafayette
Buena Vista
Bettendorf
Mobeetie
Brookfield

State
SC
AR
WY
CO
CA
MO
SC
WA
CA
MO
KY
MO
KS
WA
MO
TN
PA
WA
PA
IN
IL
CA
NH
CA
MS
GA
AR
CA
WY
PA
WI
MN
AL
MO
GA
MS
TX
IL
CA
FL
GA
IN
MS
SC
IN
TN
CT
CA
CO
IA
TX
WI

Investment Description
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants

Capital Repayment Details

Investment Amount
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

1,000,000
638,000
5,000,000
10,000,000
2,900,000
40,000,000
1,500,000
18,000,000
2,200,000
825,000
1,900,000
700,000
985,000
10,500,000
21,900,000
17,243,000
6,200,000
1,992,000
30,407,000
30 407 000
116,000,000
17,211,000
8,653,000
6,920,000
5,450,000
1,998,000
17,280,000
16,800,000
8,700,000
3,100,000
4,579,000
10,000,000
2,060,000
3,250,000
12,500,000
2,644,000
48,000,000
22,000,000
7,350,000
4,000,000
9,495,000
7,000,000
56,044,000
,
,
30,000,000
17,299,000
83,586,000
17,806,000
4,797,000
4,000,000
2,260,000
24,664,000
731,000
10,900,000

Capital Repayment
Pricing
Capital
6
Mechanism Repayment Date
Amount

Treasury Investment Remaining
After Capital Repayment
Remaining
Capital Amount

Remaining
Investment
Description

Final Disposition
Final
Disposition
Date

Disposition
Investment
Description

Final Disposition
Proceeds

Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Page 9 of 20

Seller

Footnote Purchase Date

Name of Institution

Purchase Details

City

State

Investment Description

Capital Repayment Details

Investment Amount

Capital Repayment
Pricing
Capital
6
Mechanism Repayment Date
Amount

2
2
2
2
2
2
2
2
2
2
2
2
2

2/27/2009
2/27/2009
2/27/2009
2/27/2009
2/27/2009
2/27/2009
2/27/2009
2/27/2009
2/27/2009
2/27/2009
2/27/2009
2/27/2009
2/27/2009

Community Business Bank
D.L. Evans Bancorp
TriState Capital Holdings, Inc.
Green City Bancshares, Inc.
First Gothenburg Bancshares, Inc.
Green Circle Investments, Inc.
Private Bancorporation, Inc.
Regent Capital Corporation
Central Bancorp, Inc.
Medallion Bank
PSB Financial Corporation
Avenue Financial Holdings, Inc.
Howard Bancorp, Inc.

West Sacramento
Burley
Pittsburgh
Green City
Gothenburg
Clive
Minneapolis
Nowata
Garland
Salt Lake City
Many
Nashville
Ellicott City

CA
ID
PA
MO
NE
IA
MN
OK
TX
UT
LA
TN
MD

Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants

$
$
$
$
$
$
$
$
$
$
$
$
$

3,976,000
19,891,000
23,000,000
651,000
7,570,000
2,400,000
4,960,000
2,655,000
22,500,000
11,800,000
9,270,000
7,400,000
5,983,000

2/27/2009
2/27/2009
2/27/2009
2/27/2009
3/6/2009
3/6/2009
3/6/2009
3/6/2009
3/6/2009
3/6/2009
3/6/2009
3/6/2009
3/6/2009
3/6/2009
3/6/2009
3/6/2009
3/6/2009
3/6/2009
3/6/2009
3/6/2009
3/6/2009
3/6/2009
3/6/2009
3/6/2009
3/6/2009
3/6/2009
3/13/2009
3/13/2009
3/13/2009
3/13/2009
3/13/2009
3/13/2009
3/13/2009
3/13/2009
3/13/2009
3/13/2009
3/13/2009
3/13/2009

FNB Bancorp
The Victory Bank
Catskill Hudson Bancorp, Inc
Midtown Bank & Trust Company
HCSB Financial Corporation
First Busey Corporation
First Federal Bancshares of Arkansas, Inc.
Citizens Bancshares Corporation
ICB Financial
First Texas BHC, Inc.
Farmers & Merchants Bancshares, Inc.
Blue Ridge Bancshares, Inc.
First Reliance Bancshares, Inc.
Merchants and Planters Bancshares, Inc.
First Southwest Bancorporation, Inc.
Germantown Capital Corporation, Inc.
BOH Holdings, Inc.
AmeriBank Holding Company
Highlands Independent Bancshares, Inc.
Pinnacle Bank Holding Company, Inc.
Blue River Bancshares, Inc.
Marine Bank & Trust Company
Community Bancshares of Kansas, Inc.
Regent Bancorp, Inc.
Park Bancorporation, Inc.
PeoplesSouth Bancshares, Inc.
First Place Financial Corp.
Salisbury Bancorp, Inc.
First Northern Community Bancorp
Discover Financial Services
Provident Community Bancshares, Inc.
First American International Corp.
BancIndependent, Inc.
Haviland Bancshares, Inc.
1st United Bancorp, Inc.
Madison Financial Corporation
First National Corporation
St. Johns Bancshares, Inc.

South San Francisco
Limerick
Rock Hill
Atlanta
Loris
Urbana
Harrison
Atlanta
Ontario
Fort Worth
Houston
Independence
Florence
Toone
Alamosa
Germantown
Houston
Collinsville
Sebring
Orange City
Shelbyville
Vero Beach
Goff
Davie
Madison
Colquitt
Warren
Lakeville
Dixon
Riverwoods
Rock Hill
Brooklyn
Sheffield
Haviland
Boca Raton
Richmond
Strasburg
St. Louis

CA
PA
NY
GA
SC
IL
AR
GA
CA
TX
TX
MO
SC
TN
CO
TN
TX
OK
FL
FL
IN
FL
KS
FL
WI
GA
OH
CT
CA
IL
SC
NY
AL
KS
FL
KY
VA
MO

Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

12,000,000
541,000
3,000,000
5,222,000
12,895,000
100,000,000
16,500,000
7,462,000
6,000,000
13,533,000
11,000,000
12,000,000
15,349,000
1,881,000
5,500,000
4,967,000
10,000,000
2,492,000
6,700,000
4,389,000
5,000,000
3,000,000
500,000
9,982,000
23,200,000
12,325,000
72,927,000
8,816,000
17,390,000
1,224,558,000
9,266,000
17,000,000
21,100,000
425,000
10,000,000
3,370,000
13,900,000
3,000,000

Remaining
Capital Amount

Remaining
Investment
Description

Final Disposition
Final
Disposition
Date

Disposition
Investment
Description

Final Disposition
Proceeds

Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par

2
2
2
2

Treasury Investment Remaining
After Capital Repayment

Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par

3
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2

3
2
2
2
2
2
2

Page 10 of 20

Seller

Footnote Purchase Date
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2, 3
2
2
2
2
2
2
2
2
3
2
2
2
2
2
2
2
2

Name of Institution

Purchase Details

City

State

Investment Description

Capital Repayment Details

Investment Amount

Capital Repayment
Pricing
Capital
6
Mechanism Repayment Date
Amount

3/13/2009
3/13/2009
3/13/2009
3/13/2009
3/13/2009
3/13/2009
3/13/2009
3/20/2009
3/20/2009
3/20/2009
3/20/2009
3/20/2009
3/20/2009
3/20/2009
3/20/2009
3/20/2009
3/20/2009
3/27/2009
3/27/2009
3/27/2009
3/27/2009
3/27/2009

Blackhawk Bancorp, Inc.
IBW Financial Corporation
Butler Point, Inc.
Bank of George
Moneytree Corporation
Sovereign Bancshares, Inc.
First Intercontinental Bank
Heritage Oaks Bancorp
Community First Bancshares Inc.
First NBC Bank Holding Company
First Colebrook Bancorp, Inc.
Kirksville Bancorp, Inc.
Peoples Bancshares of TN, Inc
Premier Bank Holding Company
Citizens Bank & Trust Company
Farmers & Merchants Financial Corporation
Farmers State Bankshares, Inc.
SBT Bancorp, Inc.
CSRA Bank Corp
Corp.
Trinity Capital Corporation
Clover Community Bankshares, Inc.
Pathway Bancorp

Beloit
Washington
Catlin
Las Vegas
Lenoir City
Dallas
Doraville
Paso Robles
Union City
New Orleans
Colebrook
Kirksville
Madisonville
Tallahassee
Covington
Argonia
Holton
Simsbury
Wrens
Los Alamos
Clover
Cairo

WI
DC
IL
NV
TN
TX
GA
CA
TN
LA
NH
MO
TN
FL
LA
KS
KS
CT
GA
NM
SC
NE

Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

10,000,000
6,000,000
607,000
2,672,000
9,516,000
18,215,000
6,398,000
21,000,000
20,000,000
17,836,000
4,500,000
470,000
3,900,000
9,500,000
2,400,000
442,000
700,000
4,000,000
2,400,000
2 400 000
35,539,000
3,000,000
3,727,000

Colonial American Bank
MS Financial, Inc.
Triad Bancorp, Inc.
Alpine Banks of Colorado
Naples Bancorp, Inc.
CBS Banc-Corp.
IBT Bancorp, Inc.
Spirit BankCorp, Inc.
Maryland Financial Bank
First Capital Bancorp, Inc.
Tri-State Bank of Memphis
Fortune Financial Corporation
BancStar, Inc.
Titonka Bancshares, Inc
Millennium Bancorp, Inc.
TriSummit Bank
Prairie Star Bancshares, Inc.
Community First Bancshares, Inc.
BCB Holding Company, Inc.
City National Bancshares Corporation
First Business Bank, N.A.
SV Financial, Inc.
Capital Commerce Bancorp, Inc.
Metropolitan Capital Bancorp, Inc.
Bank of the Carolinas Corporation
Penn Liberty Financial Corp.
Tifton Banking Company
Patterson Bancshares, Inc
BNB Financial Services Corporation

West Conshohocken
Kingwood
Frontenac
Glenwood Springs
Naples
Russellville
Irving
Bristow
Towson
Glen Ellen
Memphis
Arnold
Festus
Titonka
Edwards
Kingsport
Olathe
Harrison
Theodore
Newark
San Diego
Sterling
Milwaukee
Chicago
Mocksville
Wayne
Tifton
Patterson
New York

PA
TX
MO
CO
FL
AL
TX
OK
MD
VA
TN
MO
MO
IA
CO
TN
KS
AR
AL
NJ
CA
IL
WI
IL
NC
PA
GA
LA
NY

Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Warrants
Preferred Stock
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

574,000
7,723,000
3,700,000
70,000,000
4,000,000
24,300,000
2,295,000
30,000,000
1,700,000
10,958,000
2,795,000
3,100,000
8,600,000
2,117,000
7,260,000
2,765,000
2,800,000
12,725,000
1,706,000
9,439,000
2,211,000
4,000,000
5,100,000
2,040,000
13,179,000
9,960,000
3,800,000
3,690,000
7,500,000

Remaining
Capital Amount

Remaining
Investment
Description

Final Disposition
Final
Disposition
Date

Disposition
Investment
Description

Final Disposition
Proceeds

Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par

3/27/2009
3/27/2009
3/27/2009
3/27/2009
3/27/2009
3/27/2009
3/27/2009
3/27/2009
3/27/2009
4/3/2009
4/3/2009
4/3/2009
4/3/2009
4/3/2009
4/3/2009
4/3/2009
4/3/2009
4/3/2009
4/3/2009
4/10/2009
4/10/2009
4/10/2009
4/10/2009
4/10/2009
4/17/2009
4/17/2009
4/17/2009
4/17/2009
4/17/2009

Treasury Investment Remaining
After Capital Repayment

Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par

Page 11 of 20

Seller

Footnote Purchase Date
2

Purchase Details

Name of Institution

City

State

4/17/2009
4/24/2009
4/24/2009
4/24/2009
4/24/2009
4/24/2009
4/24/2009
4/24/2009
4/24/2009
4/24/2009
4/24/2009
4/24/2009

Omega Capital Corp.
Mackinac Financial Corporation
Birmingham Bloomfield Bancshares, Inc
Vision Bank - Texas
Oregon Bancorp, Inc.
Peoples Bancorporation, Inc.
Indiana Bank Corp.
Business Bancshares, Inc.
Standard Bancshares, Inc.
York Traditions Bank
Grand Capital Corporation
Allied First Bancorp, Inc.

Lakewood
Manistique
Birmingham
Richardson
Salem
Easley
Dana
Clayton
Hickory Hills
York
Tulsa
Oswego

CO
MI
MI
TX
OR
SC
IN
MO
IL
PA
OK
IL

2
2
2
2

4/24/2009
5/1/2009
5/1/2009
5/1/2009
5/1/2009
5/1/2009

Frontier Bancshares, Inc.
Village Bank and Trust Financial Corp
CenterBank
Georgia Primary Bank
Union Bank & Trust Company
HPK Financial Corporation

Austin
Midlothian
Milford
Atlanta
Oxford
Chicago

TX
VA
OH
GA
NC
IL

8

5/1/2009

OSB Financial Services, Inc.

Orange

TX

8
2
2
2

5/1/2009
5/8/2009
5/8/2009
5/8/2009

Security State Bank Holding-Company
Highlands State Bank
One Georgia Bank
Gateway Bancshares, Inc.

Jamestown
Vernon
Atlanta
Ringgold

ND
NJ
GA
GA

8

5/8/2009

Freeport Bancshares, Inc.

Freeport

8

5/8/2009

Investors Financial Corporation of Pettis County, Inc Sedalia

MO

8
3, 8
2
2
2
2
2
2
2
3, 8

5/8/2009
5/8/2009
5/15/2009
5/15/2009
5/15/2009
5/15/2009
5/15/2009
5/15/2009
5/15/2009
5/15/2009
5/15/2009

Sword Financial Corporation
Premier Bancorp, Inc.
Mercantile Bank Corporation
Northern State Bank
Western Reserve Bancorp, Inc
Community Financial Shares, Inc.
Worthington Financial Holdings, Inc.
First Community Bancshares, Inc
Southern Heritage Bancshares, Inc.
Foresight Financial Group, Inc.
IBC Bancorp, Inc.

Horicon
Wilmette
Grand Rapids
Closter
Medina
Glen Ellyn
Huntsville
Overland Park
Cleveland
Rockford
Chicago

WI
IL
MI
NJ
OH
IL
AL
KS
TN
IL
IL

8

5/15/2009

Boscobel Bancorp, Inc

Boscobel

WI

8

5/15/2009

Brogan Bankshares, Inc.

Kaukauna

WI

8

5/15/2009

Riverside Bancshares, Inc.

Little Rock

AR

8

5/15/2009

Deerfield Financial Corporation

Deerfield

WI

8
2
2
2

5/15/2009
5/22/2009
5/22/2009
5/22/2009

Market Street Bancshares, Inc.
The Landrum Company
First Advantage Bancshares Inc.
Fort Lee Federal Savings Bank

Mt. Vernon
Columbia
Coon Rapids
Fort Lee

IL
MO
MN
NJ

2
2
2
2
2
2
2
2
2
2
8

IL

Investment Description
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Subordinated Debentures w/ Exercised
Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Subordinated Debentures
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants

Capital Repayment Details

Investment Amount

Capital Repayment
Pricing
Capital
6
Mechanism Repayment Date
Amount

$
$
$
$
$
$
$
$
$
$
$
$

2,816,000
11,000,000
1,635,000
1,500,000
3,216,000
12,660,000
1,312,000
15,000,000
60,000,000
4,871,000
4,000,000
3,652,000
3,000,000
14,738,000
2,250,000
4,500,000
3,194,000
4,000,000
6,100,000
10,750,000
3,091,000
5,500,000
6,000,000
3,000,000

Par

$

4,000,000

Par

$
$
$
$
$
$
$
$
$
$
$

13,644,000
6,784,000
21,000,000
1,341,000
4,700,000
6,970,000
2,720,000
14,800,000
4,862,000
15,000,000
4,205,000

Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par

$

5,586,000

Par

$

2,400,000

Par

$

1,100,000

Par

$

2,639,000

Par

$
$
$
$

20,300,000
15,000,000
1,177,000
1,300,000

Final Disposition
Proceeds

Par
Par
Par
Par

$

Disposition
Investment
Description

Par

$
$
$
$

Final Disposition
Final
Disposition
Date

Par
Par
Par
Par
Par
Par

$

Remaining
Capital Amount

Remaining
Investment
Description

Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par

$
$
$
$
$
$

Treasury Investment Remaining
After Capital Repayment

Par
Par
Par
Par
Page 12 of 20

Seller

Footnote Purchase Date

Purchase Details

Name of Institution

City

State

2
2
2
2

5/22/2009
5/22/2009
5/22/2009
5/22/2009

Blackridge Financial, Inc.
Illinois State Bancorp, Inc.
Universal Bancorp
Franklin Bancorp, Inc.

Fargo
Chicago
Bloomfield
Washington

ND
IL
IN
MO

8

5/22/2009

Commonwealth Bancshares, Inc.

Louisville

KY

8

5/22/2009

Premier Financial Corp

Dubuque

IA

8

5/22/2009

F & C Bancorp, Inc.

Holden

MO

8

5/22/2009

Diamond Bancorp, Inc.

Washington

MO

8
2
2
2
2
2

5/22/2009
5/29/2009
5/29/2009
5/29/2009
5/29/2009
5/29/2009
5/29/2009

United Bank Corporation
Community Bank Shares of Indiana, Inc.
American Premier Bancorp
CB Holding Corp.
Citizens Bancshares Co.
Grand Mountain Bancshares, Inc.
Two Rivers Financial Group

Barnesville
New Albany
Arcadia
Aledo
Chillicothe
Granby
Burlington

GA
IN
CA
IL
MO
CO
IA

8

5/29/2009

Fidelity Bancorp, Inc

Baton Rouge

LA

8
2

5/29/2009
6/5/2009

Chambers Bancshares, Inc.
Covenant Financial Corporation

Danville
Clarksdale

AR
MS

8

6/5/2009

First Trust Corporation

New Orleans

LA

8, 10
2
2, 10
2
2, 10
2

6/5/2009
6/12/2009
6/12/2009
6/12/2009
6/12/2009
6/12/2009

OneFinancial Corporation
Berkshire Bancorp, Inc.
First Vernon Bancshares, Inc.
SouthFirst Bancshares, Inc.
Virginia Company Bank
Enterprise Financial Services Group, Inc.

Little Rock
Wyomissing
Vernon
Sylacauga
Newport News
Allison Park

AR
PA
AL
AL
VA
PA

8, 10

6/12/2009

First Financial Bancshares, Inc.

Lawrence

KS

8
2
2, 10

6/12/2009
6/19/2009
6/19/2009

River Valley Bancorporation, Inc.
Merchants and Manufacturers Bank Corporation
RCB Financial Corporation

Wausau
Joliet
Rome

WI
IL
GA

8

6/19/2009

Manhattan Bancshares, Inc.

Manhattan

IL

8,10

6/19/2009

Biscayne Bancshares, Inc.

Coconut Grove

FL

8

6/19/2009

Duke Financial Group, Inc.

Minneapolis

MN

8

6/19/2009

Farmers Enterprises, Inc.

Great Bend

KS

8

6/19/2009

Century Financial Services Corporation

Santa Fe

NM

8
3, 8

6/19/2009
6/19/2009

NEMO Bancshares Inc.
University Financial Corp, Inc.

Madison
St. Paul

MO
MN

8

6/19/2009
6/26/2009
6/26/2009

Suburban Illinois Bancorp, Inc.
Hartford Financial Services Group, Inc.
Fidelity Resources Company

Elmhurst
Hartford
Plano

IL
CT
TX

2

Investment Description
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Preferred Stock w/ Exercised Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures
Subordinated Debentures w/ Exercised
Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants

Capital Repayment Details

Investment Amount

Capital Repayment
Pricing
Capital
6
Mechanism Repayment Date
Amount

$
$
$
$

5,000,000
6,272,000
9,900,000
5,097,000
20,400,000
6,349,000
2,993,000
20,445,000

Par

$
$
$
$
$
$
$

14,400,000
19,468,000
1,800,000
4,114,000
24,990,000
3,076,000
12,000,000

Par
Par
Par
Par
Par
Par
Par

$

3,942,000

Par

$
$

19,817,000
5,000,000

Par
Par

$

17,969,000

Par

$
$
$
$
$
$

17,300,000
2,892,000
6,000,000
2,760,000
4,700,000
4,000,000

Par
Par
Par
Par
Par
Par

$

3,756,000

Par

$
$
$

15,000,000
3,510,000
8,900,000

Par
Par
Par

$

2,639,000

Par

$

6,400,000

Par

$

12,000,000

Par

$

12,000,000

Par

$

10,000,000

Par

$
$

2,330,000
11,926,000

Par
Par

$
$
$

15,000,000
3,400,000,000
3,000,000

Final Disposition
Proceeds

Par

$

Disposition
Investment
Description

Par

$

Final Disposition
Final
Disposition
Date

Par

$

Remaining
Capital Amount

Remaining
Investment
Description

Par
Par
Par
Par

$

Treasury Investment Remaining
After Capital Repayment

Par
Par
Par
Page 13 of 20

Seller

Footnote Purchase Date

Purchase Details

Name of Institution

City

State

2,10
2
2,10
2
2
2,10
2,3,10
2
2
2

6/26/2009
6/26/2009
6/26/2009
6/26/2009
6/26/2009
6/26/2009
6/26/2009
6/26/2009
6/26/2009
6/26/2009

Waukesha Bankshares, Inc.
FC Holdings, Inc.
Security Capital Corporation
First Alliance Bancshares, Inc.
Gulfstream Bancshares, Inc.
Gold Canyon Bank
M&F Bancorp, Inc.
Metropolitan Bank Group, Inc.
NC Bancorp, Inc.
Alliance Bancshares, Inc.

Waukesha
Houston
Batesville
Cordova
Stuart
Gold Canyon
Durham
Chicago
Chicago
Dalton

WI
TX
MS
TN
FL
AZ
NC
IL
IL
GA

8

6/26/2009

Stearns Financial Services, Inc.

St. Cloud

MN

8

6/26/2009

Signature Bancshares, Inc.

Dallas

TX

8

6/26/2009

Fremont Bancorporation

Fremont

CA

8

6/26/2009

Alliance Financial Services Inc.

Saint Paul

MN

2,
2 10
2
2
2,3

7/10/2009
7/10/2009
7/17/2009
7/17/2009
7/17/2009

Lincoln National Corporation
Bancorp Financial Inc
Financial, Inc.
Brotherhood Bancshares, Inc.
SouthCrest Financial Group, Inc.
Harbor Bankshares Corporation

Radnor
Oak Brook
Kansas City
Fayetteville
Baltimore

PA
IL
KS
GA
MD

8

7/17/2009

First South Bancorp, Inc.

Lexington

TN

8

7/17/2009

Great River Holding Company

Baxter

MN

8,10
2, 10
2

7/17/2009
7/24/2009
7/24/2009
7/24/2009

Plato Holdings Inc.
Yadkin Valley Financial Corporation
Community Bancshares, Inc.
Florida Bank Group, Inc.

Saint Paul
Elkin
Kingman
Tampa

MN
NC
AZ
FL

8
2

7/24/2009
7/31/2009

First American Bank Corporation
Chicago Shore Corporation

Elk Grove Village
Chicago

8,10
2
2
2
2

7/31/2009
8/7/2009
8/7/2009
8/14/2009
8/21/2009

Financial Services of Winger, Inc.
The ANB Corporation
U.S. Century Bank
Bank Financial Services, Inc.
KS Bancorp, Inc.

Winger
Terrell
Miami
Eden Prarie
Smithfield

MN
TX
FL
MN
NC

8
2, 3
2
2, 10

8/21/2009
8/28/2009
8/28/2009
8/28/2009

AmFirst Financial Services, Inc.
First Independence Corporation
First Guaranty Bancshares, Inc.
CoastalSouth Bancshares, Inc.

McCook
Detroit
Hammond
Hilton Head Island

NE
MI
LA
SC

IL
IL

Investment Description

Capital Repayment Details

Investment Amount

Capital Repayment
Pricing
Capital
6
Mechanism Repayment Date
Amount

Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants

$
$
$
$
$
$
$
$
$
$

5,625,000
21,042,000
17,388,000
3,422,000
7,500,000
1,607,000
11,735,000
71,526,000
6,880,000
2,986,000
24,900,000
1,700,000
35,000,000
12,000,000

Par

Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Subordinated Debentures w/ Exercised
Warrants
Preferred Stock w/ Exercised Warrants
Subordinated Debentures w/ Exercised
Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Subordinated Debentures w/ Exercised
Warrants
Preferred Stock
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants

$
$
$
$
$

950,000,000
13,669,000
13 669 000
11,000,000
12,900,000
6,800,000

Par
Par
Par
Par
Par

$

50,000,000

Par

$

8,400,000

Par

$
$
$
$

2,500,000
13,312,000
3,872,000
20,471,000

Par
Par
Par
Par

$
$

50,000,000
7,000,000

Par
Par

$
$
$
$
$

3,742,000
20,000,000
50,236,000
1,004,000
4,000,000

Par
Par
Par
Par
Par

$
$
$
$

5,000,000
3,223,000
20,699,000
16,015,000

Final Disposition
Proceeds

Par

$

Disposition
Investment
Description

Par

$

Final Disposition
Final
Disposition
Date

Par

$

Remaining
Capital Amount

Remaining
Investment
Description

Par
Par
Par
Par
Par
Par
Par
Par
Par
Par

$

Treasury Investment Remaining
After Capital Repayment

Par
Par
Par
Par

Page 14 of 20

Seller

Footnote Purchase Date

Name of Institution

Purchase Details

City

State

Investment Description

Capital Repayment Details

Investment Amount

8/28/2009

TCB Corporation

Greenwood

SC

Subordinated Debentures w/ Exercised
Warrants

$

9,720,000

Total Purchase Amount

8, 10

$

204,476,764,000

Capital Repayment
Pricing
Capital
6
Mechanism Repayment Date
Amount

Treasury Investment Remaining
After Capital Repayment
Remaining
Investment
Description

Remaining
Capital Amount

Final Disposition
Final
Disposition
Date

Disposition
Investment
Description

Final Disposition
Proceeds

Par

Total Capital Repayment Amount

TOTAL TREASURY CPP INVESTMENT AMOUNT

$

70,313,089,000

$ 134,163,675,000

1/ This transaction was included in previous Transaction Reports with Merrill Lynch & Co., Inc. listed as the qualifying institution and a 10/28/2008 transaction date, footnoted to indicate that settlement was deferred pending merger. The purchase of Merrill Lynch by Bank of America was completed on 1/1/2009, and this transaction under
the CPP was funded on 1/9/2009.
2/ Privately-held qualified financial institution; Treasury received a warrant to purchase additional shares of preferred stock (unless the institution is a CDFI), which it exercised immediately.
3/ To promote community development financial institutions (CDFIs), Treasury does not require warrants as part of its investment in certified CDFIs when the size of the investment is $50 million or less.
4/ Repayment pursuant to Title VII, Section 7001(g) of the American Recovery and Reinvestment Act of 2009.
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.
10/ This institution participated in the expansion of CPP for small banks.
11/ Treasury has three separate investments in Citigroup Inc ("Citigroup") under CPP TIP and AGP for a total of $49 billion On 6/9/2009 Treasury entered into an agreement with Citigroup to exchange up to $25 billion of Treasury's investment in Fixed Rate Cumulative Perpetual Preferred Stock Series H (CPP Shares) "dollar for
Inc.
CPP, TIP,
billion.
6/9/2009,
Stock,
dollar" in Citigroup's Private and Public Exchange Offerings. On 7/23/2009 and 7/30/2009, Treasury exchanged a total of $25 billion of the CPP shares for Series M Common Stock Equivalent (“Series M”) and a warrant to purchase shares of common stock. Series M automatically converts to common stock and the associated warrant
terminates on receipt of certain shareholder approvals.
12/ On 8/24/2009, Treasury exchanged its Series C Preferred Stock issued by Popular, Inc. for a like amount of non tax-deductible Trust Preferred Securities issued by Popular Capital Trust III, administrative trustee for Popular, Inc. Popular, Inc. paid a $13 million exchange fee in connection with this transaction.

Page 15 of 20

AUTOMOTIVE INDUSTRY FINANCING PROGRAM

Seller

Purchase Details

Exchange Details

Treasury Investment Remaining After
Principal Repayment

Principal Repayment Details

Principal
Repayment
Date

Detroit

MI

Purchase

Investment Description
Preferred Stock w/ Exercised
Warrants

$

5,000,000,000

1, 20

12/29/2008 General Motors Corporation

Detroit

MI

Purchase

Debt Obligation

$

884,024,131

20
14, 21

12/31/2008 General Motors Corporation
1/2/2009 Chrysler Holding LLC

Detroit
Auburn Hills

MI
MI

Purchase
Purchase

Debt Obligation w/ Warrants and
Additional Note
Debt Obligation w/ Additional Note

$
$

13,400,000,000
4,000,000,000

3, 20
4, 5, 21
4, 6, 21
7
8

9, 20

City

Chrysler Financial Services Americas
1/16/2009 LLC

Farmington
Hills

MI

Purchase

4/22/2009
4/29/2009
4/29/2009
5/1/2009
5/20/2009

Detroit
Auburn Hills
Auburn Hills
Wilmington
Wilmington

MI
MI
MI
DE
DE

Purchase
Purchase
Purchase
Purchase
Purchase

Detroit

MI

Purchase

General Motors Corporation
Chrysler Holding LLC
Chrysler Holding LLC
Chrysler LLC
Chrysler LLC

Investment Description

N/A

5/29/2009

Exchange

Equity Interest in GMAC

N/A
N/A

7/10/2009

Exchange

Preferred and common stock
in General Motors Company

Investment Amount

3,499,054.95

$

$
$

31,810,122.11
51,136,083.81

$
$

$
$

44,357,709.98
1,369,197,029.15

$
$

7/10/2009

Transaction Type

$

6/17/2009
7/14/2009

Date

12, 15

$

884,024,131

$

280,130,642

$

Par

18

$

13,400,000,000

Par

$

1,500,000,000

N/A

Debt Obligation w/ Additional Note
Debt Obligation w/ Additional Note
Debt Obligation w/ Additional Note
Debt Obligation w/ Additional Note
Debt Obligation w/ Additional Note

$
$
$
$
$

2,000,000,000
500,000,000
280,130,642
3,043,143,000
756,857,000

N/A
N/A
N/A
N/A
N/A

7/10/2009

$

4,000,000,000

N/A

7/10/2009

Exchange

Preferred and common stock
in General Motors Company

18

$

4,000,000,000

$

7,500,000,000

Par

$

6,642,000,000

Debt Obligation w/
1,496,500,945 Additional Note
Debt Obligation w/
1,464,690,823 Additional Note
g
1,413,554,739 Additional Note
Debt Obligation w/
1,369,197,029 Additional Note
0
N/A

Par

N/A

Exchange

Preferred and common stock
in General Motors Company

18

$

2,000,000,000

Par

15

5/21/2009 GMAC LLC

Detroit

MI

Purchase

10

5/27/2009 New CarCo Acquisition LLC

Wilmington

DE

Purchase

Debt Obligation w/ Additional Note
Preferred Stock w/ Exercised
Warrants
Debt Obligation w/ Additional Note,
Equity Interest

11, 20

5/27/2009 General Motors Corporation

Detroit

MI

Purchase

Debt Obligation w/ Additional Note

$

360,624,198

N/A

7/10/2009

Exchange

Preferred and common stock
in General Motors Company

16, 18

$

360,624,198

13, 20

6/3/2009

Detroit

MI

Purchase

Debt Obligation w/ Additional Note

$

23,027,511,395

N/A

7/10/2009

Exchange

Preferred and common stock
in General Motors Company

17, 18

$

22,041,706,310

Purchase

$

7,072,488,605

Total Initial Investment Amount

$

79,966,778,971

N/A

Par

Debt Obligation w/ Additional Note,
Equity Interest

0

Par

18

5/20/2009 General Motors Corporation

Debt Obligation w/ Additional Note

Investment Amount

Remaining
Investment
Description

Par

2

Name of Institution

Pricing
Mechanism

Remaining Principal
Amount

4/17/2009
5/18/2009

12/29/2008 GMAC LLC

15

Date

Pricing
Mechanism

Principal Repayment
Amount 19

3/17/2009

Footnote

Transaction
State
Type

General Motors Corporation

7/10/2009 General Motors Company

Detroit

MI

N/A

TOTAL TREASURY INVESTMENT AMOUNT

7/10/2009

Total Principal Repayment Amount
$

$

360,624,198

$

$

Debt Obligation w/
Additional Note, Equity
6,711,864,407 Interest

2,140,754,840

77,826,024,131

1/ Treasury committed to lend General Motors Corporation up to $1,000,000,000. The ultimate level of funding was dependent upon the level of investor participation in GMAC LLC's rights offering. The amount has been updated to reflect the final level of funding.
2/ The loan was funded through Chrysler LB Receivables Trust, a special purpose vehicle created by Chrysler Financial. The amount of $1,500,000,000 represents the maximum loan amount. The loan was incrementally funded until it reached the maximum amount of $1.5 billion on 4/9/2009.
3/ This transaction is an amendment to Treasury's 12/31/2008 agreement with General Motors Corporation, which brought the total loan amount to $15,400,000,000.
4/ This transaction is an amendment to Treasury's 1/2/2009 agreement with Chrysler Holding LLC, increasing the total loan amount to $4,780,130,642.
5/ The loan may be incrementally funded.
6/ The loan will be used to capitalize Chrysler Warranty SPV LLC a special purpose vehicle created by Chrysler LLC
LLC,
LLC.
7/ The terms of this transaction, first reported based on a binding term sheet fully executed on 5/1/2009 but made effective as of 4/30/2009, are now finalized and reflected in a credit agreement fully executed on 5/5/2009. Under the terms of the credit agreement, all commitment amounts were adjusted
as follows: Treasury’s commitment amount is $3.04 billion of the total $4.1 billion debtor-in-possession (DIP) credit facility. The amount of $1.4 billion, of which Treasury’s share is $1.04 billion, is available in weekly disbursements under the terms of the Bankruptcy Court’s interim order approving the
DIP credit facility; the balance will be available in weekly disbursements after certain Bankruptcy Court milestones are met.
8/ This transaction is an amendment to Treasury's DIP credit agreement with Chrysler LLC dated 5/5/2009 and increases Treasury's commitment to $3,800,000,000. The amendment was fully executed on 5/20/2009, but was made effective as of 5/15/2009.
9/ This transaction is an amendment to Treasury's 12/31/2008 agreement with General Motors Corporation, which brought the total loan amount to $19,400,000,000, including the 4/22/2009 amendment.
10/ The terms of this transaction, first reported based on a term sheet fully executed on 5/27/2009 for an amount up to $6.943 billion, are now finalized and reflected in a credit agreement fully executed on 6/10/2009. Under the terms of the credit agreement, Treasury made a new commitment to
New CarCo Acquisition LLC (renamed Chrysler Group LLC on or about 6/10/2009) of up to $6.642 billion. The total loan amount is up to $7.142 billion including $500 million of debt assumed from Treasury’s 1/2/2009 credit agreement with Chrysler Holding LLC. The debt obligations will be
secured by a first priority lien on the assets of New CarCo Acquisition LLC (the company that purchased Chrysler LLC's assets in a sale pursuant to section 363 of the Bankruptcy Code).
11/ This transaction is an amendment to Treasury's 12/31/2008 agreement with General Motors Corporation, which brings the total loan amount to $19,760,624,198, including the 4/22/2009 and 5/20/2009 amendments. The $360 million loan will be used to capitalize GM Warranty LLC, a special
purpose vehicle created by General Motors Corporation. On 7/10/2009, the principal amount was included in the $7.07 billion of debt assumed by the new GM, as explained in footnote 17.
12/ Pursuant to its rights under the loan agreement with General Motors Corporation (GM) reported on 12/29/2009, Treasury exchanged its $884 million loan to GM for a portion of GM’s common equity interest in GMAC LLC. As a result of the exchange, Treasury holds a 35.4% common equity interest in GMAC LLC.
13/ Under the terms of the $33.3 billion debtor-in-possession (DIP) credit agreement, Treasury's commitment amount is $30.1 billion. Up to $15 billion is available pursuant to the interim order the Bankruptcy Court entered approving the DIP credit facility, of which Treasury's share is $12.8 billion;
the balance will be available shortly after the Bankruptcy Court's final and non-appealable order approving the DIP credit facility.

Page 16 of 20

14/ Pursuant to the agreement originally reported on 5/27/2009 and fully executed on 6/10/2009 (explained in Footnote 10), $500 million of this deal's debt will be assumed under that fully executed agreement.
15/ GMAC LLC is now known as GMAC Inc. effective 6/30/2009.
16/ This investment amount was funded as a prepayment of the new General Motors Company's assumed note described in footnote 17.
17/ On 7/10/2009, Treasury and Motors Liquidation Company (formerly known as General Motors Corporation) amended the 6/3/2009 DIP credit agreement for $30.1 billion between Treasury and General Motors Corporation. Under the terms of the amendment, the DIP loan and interest accruing thereunder were extinguished and exchanged for
privately placed preferred and common equity in General Motors Company (the new GM) except for $986 million, which remained for the benefit of Motors Liquidation Company, and $7.07 billion, which was assumed by General Motors Company as a new obligation under the terms of a separate agreement (see footnote 18).
In total, Treasury received $2.1 billion in preferred shares and 60.8% of the common shares of General Motors Company.
18/ On 7/10/2009, Treasury and General Motors Company entered into an agreement under which General Motors Company assumed $7.07 billion of General Motors Corporation’s (now known as Motors Liquidation Company) obligation under its 6/3/2009 agreement with Treasury.
19/ This amount does not include accrued and unpaid interest, which must be paid at the time of principal repayment.
20/ General Motors Corporation is now known as Motors Liquidation Company.
21/ Chrysler Holding LLC is now known as CGI Holding LLC.
AUTOMOTIVE SUPPLIER SUPPORT PROGRAM
Seller
Footnote

Date

1
2

4/9/2009
4/9/2009

Name of Institution
GM Supplier Receivables LLC
Chrysler Receivables SPV LLC

City
Wilmington
Wilmington

Transaction
State
Type
DE
DE

Purchase
Purchase

Investment Description
Debt Obligation w/ Additional Note
Debt Obligation w/ Additional Note
INITIAL TOTAL

Investment Amount
$
$

3,500,000,000
1,500,000,000

$

Pricing
Mechanism
N/A
N/A

5,000,000,000

Adjustment Details
Adjustment
Amount
Adjusted Investment Amount

Adjustment
Date
7/8/2009
7/8/2009

3

$ (1,000,000,000) $
$ (500,000,000) $

2,500,000,000
1,000,000,000

ADJUSTED TOTAL $

3

3,500,000,000

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 agreement was fully executed on 4/9/2009, but was made effective as of 4/3/2009. General Motors Company assumed GM Supplier Receivables LLC on 7/10/2009.
2/ The loan was funded through Chrysler Receivables SPV LLC, a special purpose vehicle created by Chrysler LLC. The amount of $1,500,000,000 represents the maximum loan amount.
The loan will be incrementally funded. The credit agreement was fully executed on 4/9/2009, but was made effective as of 4/7/2009. Chyrsler Group LLC assumed Chrysler Receivables SPV LLC on 6/10/2009.
3/ Treasury issued notice to the institution of the permanent reduced commitment on 7/8/2009; the reduction was effective on 7/1/2009.

TARGETED INVESTMENT PROGRAM

Footnote
1

Seller
Name of Institution
Date
12/31/2008 Citigroup Inc.
1/16/2009 Bank of America Corporation

City
New York
Charlotte

State
NY
NC

Transaction
Type
Investment Description
Purchase Trust Preferred Securities
Purchase Preferred Stock w/ Warrants
TOTAL

$
$

Investment Amount
20,000,000,000
20,000,000,000

$

Pricing
Mechanism
Par
Par

40,000,000,000

1/ Treasury has three separate investments in Citigroup Inc. ("Citigroup") under CPP, TIP, and AGP for a total of $49 billion. On 6/9/2009, Treasury entered into an agreement with
Citigroup to exchange all of Treasury’s investments. On 7/30/2009, Treasury exchanged all of its Fixed Rate Cumulative Perpetual Preferred Stock, Series I (TIP Shares) “dollar for
dollar” for Trust Preferred Securities.

ASSET GUARANTEE PROGRAM

Footnote

1, 2

Date

Seller
Name of Institution

1/16/2009 Citigroup Inc.

City

New York

State

Transaction
Type

NY

Guarantee

Investment Description

Trust Preferred Securities
TOTAL

Guarantee Limit

$

5,000,000,000

$

Premium
Received
Preferred
Stock and
Warrants

5,000,000,000

1/ In consideration for the guarantee, Treasury received $4.03 billion of preferred stock, which pays 8% interest.
2/ Treasury has three separate investments in Citigroup Inc. ("Citigroup") under CPP, TIP, and AGP for a total of $49 billion. On 6/9/2009, Treasury entered into an agreement with
Citigroup to exchange all of Treasury’s investments. On 7/30/2009, Treasury exchanged all of its Fixed Rate Cumulative Perpetual Preferred Stock Series G (AGP Shares), received
as premium with the AGP agreement, “dollar for dollar” for Trust Preferred Securities.

Page 17 of 20

CONSUMER AND BUSINESS LENDING INITIATIVE INVESTMENT PROGRAM

Footnote
1

Date
3/3/2009

Seller
Name of Institution
TALF LLC

City
Wilmington

State
DE

Transaction
Type
Investment Description
Purchase Debt Obligation w/ Additional Note
TOTAL

Investment Amount
$
20,000,000,000
$

Pricing
Mechanism
N/A

20,000,000,000

1/ The loan was funded through TALF LLC, a special purpose vehicle created by The Federal Reserve Bank of New York. The amount of $20,000,000,000 represents the maximum loan
amount. The loan will be incrementally funded.

SYSTEMICALLY SIGNIFICANT FAILING INSTITUTIONS
Seller
Footnote
3

Date
11/25/2008 AIG
4/17/2009 AIG

Name of Institution

Purchase Details
City
New York
New York

State
NY
NY

Transaction
Type
Purchase
Purchase

Investment Description
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
TOTAL

Exchange Details

Investment Amount
$
$

40,000,000,000
29,835,000,000

$

Pricing
Mechanism
Par
Par

Date
4/17/2009

Transaction Type
Exchange

Investment Amount

Investment Description
Preferred Stock w/ Warrants

1

Pricing
Mechanism

69,835,000,000

$

40,000,000,000

Par

2

1/ On 4/17/2009, Treasury exchanged its Series D Fixed Rate Cumulative Preferred Shares for Series E Fixed Rate Non-Cumulative Preferred Shares with no change to Treasury's initial investment amount. In addition, in order for AIG to fully redeem the Series E Preferred Shares, it has an
obligation to Treasury of $1,604,576,000 to reflect the cumulative unpaid dividends for the Series D Preferred Shares due to Treasury through and including the exchange date.
2/ The investment price reflects Treasury's commitment to invest up to $30 billion less a reduction of $165 million representing retention payments AIG Financial Products made to its employees in March 2009.
3/ This transaction does not include AIG's commitment fee of an additional $165 million scheduled to be paid from its operating income in three equal installments over the five-year life of the facility.

Page 18 of 20

HOME AFFORDABLE MODIFICATION PROGRAM
Adjustment Details

Servicer Modifying Borrowers' Loans

Name of Institution
Date
4/13/2009 Select Portfolio Servicing

City
Salt Lake City

4/13/2009 CitiMortgage, Inc.

O'Fallon

4/13/2009 Wells Fargo Bank, NA

State
UT

Transaction
Type
Investment Description
Purchase Financial Instrument for Home Loan Modifications

MO

Purchase

Financial Instrument for Home Loan Modifications

Des Moines

IA

Purchase

Financial Instrument for Home Loan Modifications

4/13/2009 GMAC Mortgage, Inc.

Ft. Washington

PA

Purchase

Financial Instrument for Home Loan Modifications

4/13/2009 Saxon Mortgage Services, Inc.
4/13/2009 Chase Home Finance, LLC

Irving
Iselin

TX
NJ

Purchase
Purchase

Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications

4/16/2009 Ocwen Financial Corporation, Inc.

West Palm Beach

FL

Purchase

Financial Instrument for Home Loan Modifications

4/17/2009 Bank of America, N.A.
4/17/2009 Countrywide Home Loans Servicing LP

Simi Valley
Simi Valley

CA
CA

Purchase
Purchase

Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications

4/20/2009 Home Loan Services, Inc.

Pittsburgh

PA

Purchase

Financial Instrument for Home Loan Modifications

4/20/2009 Wilshire Credit Corporation

Beaverton

OR

Purchase

Financial Instrument for Home Loan Modifications

4/24/2009 Green Tree Servicing LLC
4/27/2009 Carrington Mortgage Services, LLC

Saint Paul
Santa Ana

MN
CA

Purchase
Purchase

Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications

5/1/2009

Aurora Loan Services, LLC

Littleton

CO

Purchase

Financial Instrument for Home Loan Modifications

5/28/2009
6/12/2009
6/17/2009
6/17/2009
6/19/2009
6/19/2009
6/26/2009
6/26/2009
6/26/2009
7/1/2009
7/1/2009
7/10/2009
7/10/2009
7/17/2009
7/17/2009
7/17/2009
7/17/2009
7/22/2009
7/22/2009
7/22/2009
7/29/2009
7/29/2009
7/29/2009
7/31/2009
7/31/2009
8/5/2009
8/5/2009
8/5/2009

Nationstar Mortgage LLC
Residential Credit Solutions
CCO Mortgage
RG Mortgage Corporation
First Federal Savings and Loan
Wescom Central Credit Union
Citizens First Wholesale Mortgage Company
Technology Credit Union
National City Bank
Wachovia Mortgage, FSB
Bayview Loan Servicing, LLC
Lake National Bank
IBM Southeast Employees' Federal Credit Union
MorEquity, Inc.
PNC Bank, National Association
Farmers State Bank
ShoreBank
American Home Mortgage Servicing, Inc
Mortgage Center LLC
Center,
Mission Federal Credit Union
First Bank
Purdue Employees Federal Credit Union
Wachovia Bank, N.A.
J.P.Morgan Chase Bank, NA
EMC Mortgage Corporation
Lake City Bank
Oakland Municipal Credit Union
HomEq Servicing

Lewisville
Fort Worth
Glen Allen
San Juan
Port Angeles
Anaheim
The Villages
San Jose
Miamisburg
Des Moines
Coral Gables
Mentor
Delray Beach
Evansville
Pittsburgh
West Salem
Chicago
Coppell
Southfield
So thfield
San Diego
St. Louis
West Lafayette
Charlotte
Lewisville
Lewisville
Warsaw
Oakland
North Highlands

TX
TX
VA
PR
WA
CA
FL
CA
OH
IA
FL
OH
FL
IN
PA
OH
IL
TX
MI
CA
MO
IN
NC
TX
TX
IN
CA
CA

Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
P rchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase

Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Fi
i l Instrument for Home Loan Modifications
tf H
L
M difi ti
Financial I t
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications

Cap of Incentive Payments
on Behalf of Borrowers
Adjustment
Cap Adjustment
and to Servicers &
Pricing
Date
Amount
Adjusted Cap
Reason for Adjustment
Lenders/Investors (Cap) 1 Mechanism
$
376,000,000
N/A
6/12/2009 $
284,590,000 $ 660,590,000 Updated portfolio data from
Updated portfolio data from
$
2,071,000,000
N/A
6/12/2009 $
(991,580,000) $ 1,079,420,000 servicer
Updated portfolio data from
$
2,873,000,000
N/A
6/17/2009 $
(462,990,000) $ 2,410,010,000 servicer
Updated portfolio data from
$
633,000,000
N/A
6/12/2009 $
384,650,000 $ 1,017,650,000 servicer
Updated portfolio data from
$
407,000,000
N/A
6/17/2009 $
225,040,000 $ 632,040,000 servicer
$
3,552,000,000
N/A
7/31/2009 $
(3,552,000,000) $
- Termination of SPA
Updated portfolio data from
$
659,000,000
N/A
6/12/2009 $
(105,620,000) $ 553,380,000 servicer
Updated portfolio data from
$
798,900,000
N/A
6/12/2009 $
5,540,000 $ 804,440,000 servicer
$
1,864,000,000
N/A
6/12/2009 $
3,318,840,000 $ 5,182,840,000 Updated portfolio data from
Updated portfolio data from
$
319,000,000
N/A
6/12/2009 $
128,300,000 $ 447,300,000 servicer
Updated portfolio data from
p
p
$
366,000,000
N/A
6/12/2009 $
87,130,000 $ 453,130,000 servicer
Updated portfolio data from
$
156,000,000
N/A
6/17/2009 $
(64,990,000) $
91,010,000 servicer
$
195,000,000
N/A
6/17/2009 $
(63,980,000) $ 131,020,000 Updated portfolio data from
Updated portfolio data from
$
798,000,000
N/A
6/17/2009 $
(338,450,000) $ 459,550,000 servicer
Updated portfolio data from
$
101,000,000
N/A
6/12/2009 $
16,140,000 $ 117,140,000 servicer
$
19,400,000
N/A
$
16,520,000
N/A
$
57,000,000
N/A
$
770,000
N/A
$
540,000
N/A
$
30,000
N/A
$
70,000
N/A
$
294,980,000
N/A
$
634,010,000
N/A
$
44,260,000
N/A
$
100,000
N/A
$
870,000
N/A
$
23,480,000
N/A
$
54,470,000
N/A
$
170,000
N/A
$
1,410,000
N/A
$
1,272,490,000
N/A
$
4 210 000
N/A
4,210,000
$
860,000
N/A
$
6,460,000
N/A
$
1,090,000
N/A
$
85,020,000
N/A
$
2,699,720,000
N/A
$
707,380,000
N/A
$
420,000
N/A
$
140,000
N/A
$
674,000,000
N/A

2

Page 19 of 20

Adjustment Details

Servicer Modifying Borrowers' Loans

Date
8/12/2009
8/12/2009
8/12/2009
8/28/2009
8/28/2009
8/28/2009

Name of Institution
Litton Loan Servicing LP
PennyMac Loan Services, LLC
Servis One, Inc.
OneWest Bank
Stanford Federal Credit Union
RoundPoint Mortgage Servicing Corporation

City
Houston
Calasbasa
Titusville
Pasadena
Palo Alto
Charlotte

State
TX
CA
PA
CA
CA
NC

Transaction
Type
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase

Investment Description
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications

Cap of Incentive Payments
on Behalf of Borrowers
Adjustment
and to Servicers &
Pricing
Date
Lenders/Investors (Cap) 1 Mechanism
$
774,900,000
N/A
$
6,210,000
N/A
$
29,730,000
N/A
$
668,440,000
N/A
$
300,000
N/A
$
570,000
N/A

Total Initial Cap $

23,248,920,000
TOTAL CAP

Total Cap Adjustments

Cap Adjustment
Amount

$

Reason for Adjustment

(1,129,380,000)

$

Adjusted Cap

22,119,540,000

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 lenders/investors.
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.

Page 20 of 20


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102