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Troubled Assets Relief Program (TARP)
Monthly 105(a) Report – January 2010

February 16, 2010

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

Monthly 105(a) Report
Section

January 2010
Page

Key Developments .......................................................................................................................................... 2
The President’s Budget for Fiscal Year 2011
TARP Programs
Initiative for Community Development Financial Institutions
Where is TARP Money Going? ....................................................................................................................... 4
Program Updates ........................................................................................................................................... 7
Dividends and Interest Received
Capital Purchase Program
Bank Lending and Intermediation Surveys
Term Asset-Backed Loan Facility
Certification ..................................................................................................................................................... 13

Appendices
Appendix 1 - Description of TARP Programs & How Treasury Exercises Its Voting Rights
Appendix 2 - Legacy Securities Public-Private Investment Program Quarterly Report
Appendix 3 - Making Home Affordable Servicer Performance Report
Appendix 4 - Financial Statement

Note: This report was published on February 16, 2010, following the closure the federal agencies in Washington D.C., due to severe weather
th
th
conditions from February 8 through February 11 .

Monthly 105(a) Report

January 2010

Treasury is pleased to present the Office of Financial Stability’s Monthly 105(a) Report for January 2010.
The Troubled Assets Relief Program or TARP was established by Treasury 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,
Treasury developed a number of programs under TARP to stabilize our financial system and housing market, which, together with the
American Recovery and Reinvestment Act, laid the financial foundation for economic recovery. In December 2009, the Secretary of the
Treasury certified the extension of TARP authority until October 2010 as permitted under the law. The Secretary outlined a strategy for
going forward that balances the capacity to respond to threats to the financial system that could undermine economic recovery with the need
to exercise fiscal discipline and reduce the burden on taxpayers. This strategy has four elements:
Wind down many existing programs: The Capital Purchase Program, the Targeted Investment Program and the Asset Guarantee
Program, – all of which succeeded in helping to stabilize the financial system – are closed and expected to return a profit to taxpayers.



In the Agency Financial Report for Fiscal Year 2009 (FY 2009), the estimated cost to Treasury was $41.6 billion for the
approximately $365 billion expended in FY 2009 -- far less than originally anticipated.
$162 billion of investments in large banks has been repaid. This represents two-thirds of all TARP investments in banks.

New commitments will be focused on three areas:
i. foreclosure mitigation and stabilization of the housing market;
ii. provision of capital to small and community banks as a source of credit for small businesses; and
iii. support for the securitization markets underlying those sectors.
Treasury will not use remaining TARP funds unless necessary to respond to an immediate and substantial threat to the economy
stemming from financial instability.
Manage existing TARP investments in a commercial manner and dispose of them as soon as practicable.

Key Developments
The President’s Budget
On February 1, 2010, the Obama Administration released the Budget of the U.S. Government for the Fiscal Year 2011 (FY2011 Budget). As
reflected in the FY2011 Budget for Treasury:
The projected cost for TARP has fallen to $117 billion from the previous estimate of $341 billion. This is based on estimated total
expenditures of not more than $550 billion, far less than the $700 billion originally authorized.
2

Monthly 105(a) Report

January 2010

Treasury will continue to assist responsible homeowners avoid foreclosure, and intends to transfer, through legislation, $30 billion of
funds from TARP to a new program to help community and smaller banks give small businesses access to affordable credit.
This follows the Mid-Session Review of the Budget of the U.S. Government for the Fiscal Year 2010, which removed $250 billion that had
been previously placed in reserve for additional financial stabilization efforts, as confidence in the stability of our financial markets and
institutions had improved dramatically over the past year.
TARP Programs
The following key developments took place in January 2010 under the TARP programs:
The Home Affordable Modification Program (HAMP) released its December Servicer Performance Report. Through December 2009,
more than 850,000 homeowners have had a median payment reduction exceeding $500 (including borrowers that were in trial
modification periods), and more than 110,000 permanent mortgage modifications have been approved. While homeowners receive
benefits when the trial modification starts, Treasury pays incentives only once the permanent modification starts. To date, Treasury has
disbursed approximately $30 million and has committed more than $35 billion (of a total potential allocation from TARP funds of $50
billion) for future incentive payments. (A copy of the full report is included as Appendix 3.)


Also in January, the first servicer -- Bank of America -- committed to participate in the Second Lien Program under HAMP, and updated
guidance was released for servicer documentation requirements in order to expedite conversions of current trial modifications to
permanent ones. This guidance also implemented an important program improvement for future trial period plans by requiring servicers
to fully validate borrower financial information before offering a trial plan.
Treasury released a TARP Warrant Disposition Report that describes how the taxpayer has benefitted from the warrants received by
Treasury under the Capital Purchase Program (CPP). The report, which can be found at http://www.FinancialStability.gov/latest/
pr_01202010.html, shows that:


Taxpayers have received more than $4 billion from warrants sales in 34 banks.



Treasury still holds warrants (or shares received upon exercise of warrants at the time of investment) in more than 600 banks that
participated in the CPP. Treasury will sell the warrants of 18 banks that have fully repaid their TARP assistance in the near future.

Treasury released the initial quarterly report on the Legacy Securities Public-Private Investment Program (―PPIP‖). Treasury has
committed to invest $30 billion in partnership with private investors in order to help restart important securitization markets. The report
includes a summary of PPIP capital activity, portfolio holdings and current pricing, and fund performance. (A copy of the full report is
included as Appendix 2.)

3

Monthly 105(a) Report

January 2010

Initiative for Community Development Financial Institutions
On February 3, 2010, President Obama announced details of the new TARP program to invest lower-cost capital in Community
Development Financial Institutions (CDFIs), which are banks, thrifts and credit unions that functions in markets that are underserved by
traditional financial institutions. They target more than 60 percent of their small business lending and other economic development activities
to the country's hardest-hit communities. Under this program:
CDFIs will be eligible to receive capital investments of up to 5 percent of risk-weighted assets, compared to a limit of up to 2 percent as
initially outlined in October – significantly increasing the potential impact on lending in low-income communities.
CDFIs would pay dividends to Treasury at a rate of 2 percent, compared to the 5 percent under the CPP.
Consistent with the use of TARP funds to promote financial stability and protect the taxpayer, CDFIs will need approval from their
banking regulator to participate in this program. In cases where a CDFI might not otherwise be approved by its regulator, it will be
eligible to participate so long as it can raise enough private capital that – when matched with Treasury capital up to 5 percent of riskweighted assets (RWA) – it can reach viability.

Where is TARP Money Going?
Although TARP authority has been extended, Treasury has notified Congress that it does not expect to use more than $550 billion of the
$700 billion authorized for TARP. Treasury has used this authority to make investments that have helped to stabilize the financial system,
restore confidence in the strength of our financial institutions, restart markets that are critical to financing American households and
businesses, and prevent avoidable foreclosures in the housing market and keep people in their homes. As of January 31, 2010,
approximately $545 billion had been planned for TARP programs, and of that amount: 1
$484.73 billion has been committed to specific institutions under signed contracts.
$376.03 billion has been paid out by Treasury under those contracts.
A large part of the total investments to date occurred in 2008 under the Capital Purchase Program. The commitments made in 2009 include
amounts extended under the Obama Administration’s Financial Stability Plan. These include funds committed under the Home Affordable
Modification Program, the Legacy Securities Public-Private Investment Program, Automotive Industry Financing Program and the other
programs described in this report. Taxpayers can track progress on all of the financial stability programs and investments, as well as
repayments, on Treasury’s website www.FinancialStability.gov. Specifically, taxpayers can look at investments within two business days of
closing in the TARP transaction reports at www.FinancialStability.gov/latest/reportsanddocs.html.

1

See footnote 2 on page 5.

4

Monthly 105(a) Report

January 2010

Figure 1 shows the planned TARP investment amounts together with the total funds disbursed and investments that have been repaid by
program as of January 31, 2010. Figure 2 shows the planned TARP investments by program as of January 31, 2010. Please see Appendix
1 for a description of the programs listed in the charts.
Figure 1: TARP Summary through January 2010 ($ billions) 2
Planned
Investments

Total
Repayments
Disbursed/Outlays

Commitments

Capital Purchase Program

$

204.89 $

204.89

$

204.89

$

121.94

Targeted Investment Program

$

40.00 $

40.00

$

40.00

$

40.00

Asset Guarantee Program

$

5.00 $

0

$

0

$

-

Consumer and Business Lending Initiative

$

60.00 $

20.00

$

0.10

$

-

Legacy Securities Public-Private Investment Program

$

30.00 $

27.02

$

4.71

$

0.36

AIG

$

69.84 $

69.84

$

45.34

$

-

Auto Industry Financing Program
Home Affordable Modification Program 2

$

85.39 $

84.84

$

79.69

$

3.33

Totals

$

50.00 $

36.87

$545.12

2

$

$483.46

0.03

2

$

$374.76

$165.63

Figure 2: Planned TARP Investments ($ billions) through January 2010
$30 $5
$40

Capital Purchase Program
Auto Industry Financing Program

$50
$205

AIG
Consumer and Business Lending Initiative
Home Affordable Modification Program

$60

Targeted Investment Program
Legacy Securities Public-Private Investment Program
Asset Guarantee Program

$70
$85

2

In Figure 1, TARP funds for the Home Affordable Modification Program do not include $1.26 billion to offset costs of program changes for the ―Helping Families Save Their
Homes Act of 2009‖ ($1.244 billion) or administrative expenditures relating to the Special Inspector General for the TARP ($15 million). Including the foregoing, as of
January 31, 2010, total TARP commitments and amounts paid out as adjusted were $484.73 billion and $376.03 billion, respectively.

5

Monthly 105(a) Report

January 2010

Figure 3 shows the amount of TARP investments by both the amount obligated – or committed for investment – and the amount disbursed
or actually paid out, over each month since inception.
Figure 3: Funds committed and paid out under TARP from October 2008 through January 2010
$540

$160

$480

$140

$420

$120

$360

$100

Billions

$180

$300

$80

$240

$60

$180

$40

$120

$20

$60

$0

$0
Oct-08

Nov-08

Dec-08

1/1-19/2009 1/20-31/2009

Feb-09

Mar-09

Apr-09

May-09

Jun-09

Jul-09

Aug-09

Sep-09

Oct-09

Nov-09

Dec-09

-$20

Jan-10
-$60

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)

6

Monthly 105(a) Report

January 2010

Program Updates
Dividends and Interest Received
Most of the TARP money has been used to make investments in preferred stock or loans of financial institutions.
In January, Treasury received $105.96 million in dividends and interest from TARP investments.
Since inception, Treasury has received $12.99 billion in total dividends, interest and fees.
Figure 4 shows the amount of dividends and interest received by TARP program since inception and in the month of January 2010.
Figure 4: Dividends and Interest received by TARP through January 2010 ($ millions)
Program

Since Inception

Capital Purchase Program (CPP)
Dividends
Interest and Fees

TIP
$3,004.44

PPIP
$1.99

$8,283.81
$30.62

Automotive Industry Financing Program (AIFP)
Dividends

$936.11

Interest

$455.60

Asset Guarantee Program (AGP)
Dividends

AGP
$276.69

$276.69

Targeted Investment Program (TIP)
Dividends

$3,004.44

Public-Private Investment Program (PPIP)
Dividends
Interest
TOTAL

AIFP
$1,391.70

CPP
$8,314.43

$1.99
$3.64
$12,992.90

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

7

Monthly 105(a) Report

January 2010

Capital Purchase Program
A major part of TARP has been the Capital Purchase Program (CPP). Under this program, Treasury invested in banks and other financial
institutions to increase their capital. Banks may use the CPP money in a number of ways, including shoring up capital, investing in assets,
and increasing lending. The CPP investment amount was determined by the size of the bank. The CPP investments were no less than one
percent and no greater than three percent (five percent for small banks) of the recipient’s risk-weighted assets.
The CPP remained open through 2009 for investments in small banks, with terms aimed at encouraging participation by small community
banks that are qualified financial institutions (QFIs) under CPP terms. The last application deadline under the CPP was in November 2009
and final closings occurred in December 2009.
Details on the Capital Purchase Program are available at http://www.FinancialStability.gov/roadtostability/capitalpurchaseprogram.html.
CPP Dividends and Repayments
Treasury receives dividend or interest payments on its CPP investments. Banks participating in the CPP pay Treasury a dividend rate of 5
percent per year for the first five years and 9 percent per year thereafter, most on a cumulative basis. S-corporation banks pay an interest
rate of 7.7 percent per year for the first five years and 13.8 percent thereafter.
58 of the banks that received investments under CPP have repaid Treasury in full. When a bank repays, it is also required to pay any
accrued and unpaid dividends or interest. Treasury continues to work with federal banking regulators who must evaluate requests from CPP
participants interested in repaying Treasury’s investment.
CPP Warrants
Treasury also received warrants in connection with most of its CPP investments. Community development banks were not required to issue
warrants. When a publicly traded bank repays Treasury for a preferred stock investment, the bank has the right to repurchase its warrants.
The warrants do not trade on any market and do not have observable market prices. If the bank wishes to repurchase its warrants, an
independent valuation process is used to establish fair market value. If an institution chooses not to repurchase its warrants, Treasury is
entitled to sell them.
Privately held banks that received CPP funds issued Treasury a warrant for additional shares of preferred stock, which Treasury immediately
exercised. Proceeds from the repurchases of shares acquired from a warrant are included as cash received from sales of warrants in Figure
5 below.
Figure 5 shows the cumulative CPP activity since program inception. Figure 6 shows number of banks by investment amount and total CPP
funds disbursed by investment amount through January.
8

Monthly 105(a) Report

January 2010

Figure 5: CPP Snapshot since inception
CPP Cumulative Investments
Number of Institutions:
Amount Invested:
Largest Investment:
Smallest Investment:
*Banks in 48 states, D.C. and Puerto Rico

707*
$204.9 billion
$25 billion
$301,000

Income to Treasury
Total Dividends
January Dividends
Total Interest
Total Fee Income
Total Warrant Income

Repayments
Full Repayments:
Number of Institutions:
Partial Repayments:
Number of Institutions:
Total Amount Repaid:

Number of Institutions
40
$2.92 billion **
$121.65 billion
Repurchase Amount
58
Auction Amount
$1.11 billion
$290.73 million Total Income
$12.34 billion
8
$121.94 billion **Includes proceeds from exercised warrants

$8.28 billion
$0.755 million
$17.62 million
$13 million
$4.03 billion**

Figure 6: Number of banks by investment amount (left) and total CPP funds disbursed by investment amount (right)
600

Billions
$200

500
500

$189.5

$180
$160

400

$140
$120

300

$100
$80

200
100

$60

72

$40

53

57

0

$13.3

$20

19
6
Less than $25 million $50 million
$100
$1 billion - $10 billion
$25 million
- $50
- $100
million - $1 $10 billion and up
million
million
billion

$2.1

$Large (CPP
investment of $250
million and up)

Medium (CPP
investment $12
million - $250 million)

Small (CPP
investment $12
million and less)

9

Monthly 105(a) Report

January 2010

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. These two reports are intended to help the public easily assess the lending and intermediation activities of
participating banks.
The Monthly Lending and Intermediation Snapshots report gathers and provides data on the lending and other intermediation activities for
the 22 largest financial institutions that received TARP investments under the CPP. On January 15, 2010, Treasury released the results of
its twelfth survey of banks’ activities, including the following information on November lending:
The overall outstanding loan balance (of all respondents) was flat from October to November at the top 22 participants in the Capital
Purchase Program (CPP), while total originations of new loans increased 2 percent from October to November. In November, the 22
surveyed institutions originated approximately $244 billion in new loans. Total originations of loans by all respondents rose in four
categories (mortgages, credit card loans, C&I renewals of existing accounts, and C&I new commitments) and fell in four loan categories
(HELOCs, other consumer lending products, CRE renewals of existing accounts, and CRE new commitments).
This monthly lending report provides data on consumer lending, commercial lending, and total lending for all CPP participants. Figure 7
summarizes total loan activity among all CPP participants.
Figure 7: Summary of CPP Monthly Lending Report Data ($ millions)
All CPP Recipients
Date

Number of
Respondents

Total Average
Consumer Loans

Total Average
Commercial Loans

Total Average
Loans

2/28/2009

519

$2,898,031

$2,380,691

$5,278,662

3/31/2009

553

$2,885,662

$2,359,016

$5,244,690

4/30/2009

541

$2,852,650

$2,329,536

$5,182,182

5/31/2009

612

$2,843,527

$2,346,620

$5,190,165

6/30/2009

604

$2,812,225

$2,429,930

$5,242,156

7/31/2009

604

$2,803,284

$2,344,395

$5,147,679

8/31/2009

649

$2,789,108

$2,328,433

$5,117,542

9/30/2009

652

$2,795,012

$2,267,421

$5,062,434

10/31/2009

655

$2,769,129

$2,250,879

$5,020,008

10/31/2009 (Adjusted)*

642

$2,764,929

$2,234,644

$4,999,574

11/30/2009

644

$2,759,874

$2,235,458

$4,995,333

11/30/2009 (Adjusted)*

642

$2,759,675

$2,235,111

$4,994,786

-0.19%

0.02%

-0.10%

Change (Oct Adjusted to Nov Adjusted)

* Adjusted to include only institutions that reported both 10/31/09 data and 11/30/09 data (using consistent reporting
methodology)

10

Monthly 105(a) Report

January 2010

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 assetbacked securities in order to stimulate consumer and business lending by the issuers of those securities. Treasury uses TARP funds to
provide credit support for the TALF.
The asset-backed securities (ABS) that are eligible for the TALF must be backed by new or recently originated auto loans, student loans,
credit card loans, equipment loans, floorplan loans, insurance premium loans, loans guaranteed by the Small Business Administration,
residential mortgage servicing advances, or commercial mortgage loans, including legacy loans.
The markets for ABS are an important source of credit for consumers and businesses. These markets essentially stopped functioning
during the financial crisis. The purpose of TALF is to help restart these markets and help consumers and businesses obtain credit.
The first TALF subscription took place on March 19, 2009 and there have been 18 monthly ABS and commercial mortgage-backed
securities (CMBS) subscriptions as of January 31, 2010. A total of approximately $61.65 billion of TALF-eligible legacy and new ABS
and CMBS issuance has been lent against.
In August 2009, Treasury and the FRBNY announced the extension of the TALF for newly-issued ABS and legacy CMBS through March
31, 2010. In addition, TALF will make loans against newly issued CMBS through June 30, 2010. There were no further additions to the
types of collateral eligible for the TALF.
Figure 8 shows the increase in issuance of consumer ABS since the launch of TALF in March 2009.

11

Monthly 105(a) Report

January 2010

Figure 8: Total Consumer ABS Issuance through January 2010

$ Blns
25

20

18.5 18.2
TALF Issuance

15

Non-TALF Issuance

16.5
16.8

10

8.2

6.0

8.1
8.3

5

12.6

13.6

6.6

1.5

2.9

3.6

9.1
1.9
0.4

0.5

1.3

2.0

0

1.2

6.8

6.6

5.8

5.2

1.6

4.4
2.0
0.1

4.3

3.8
0.3

Source: Markets Room, U.S. Treasury Department and Markets Group, FRBNY.
Details on TALF are available at http://www.FinancialStability.gov/roadtostability/lendinginitiative.html

12

Monthly 105(a) Report

January 2010

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

_/s/ Herbert M. Allison, Jr._____
Herbert M. Allison, Jr.
Assistant Secretary
Office of Financial Stability

13

Monthly 105(a) Report

January 2010

Appendix 1
Description of TARP Programs
Capital Purchase Program……………………………………………………………………………………………….... 1
Supervisory Capital Assessment Program and Capital Assistance Program ....................................................... 2
Asset Guarantee Program ................................................................................................................................... 3
Targeted Investment Program and AIG Investment ............................................................................................. 4
Automotive Industry Financing Program .............................................................................................................. 5
Consumer and Bank Lending Initiatives .............................................................................................................. 8
Legacy Securities Public-Private Investment Program ........................................................................................ 9
Home Affordable Modification Program ............................................................................................................... 11
Office of the Special Master ................................................................................................................................ 14

How Treasury Exercises Its Voting Rights ............................................................................................................ 17

Monthly 105(a) Report

January 2010

What is the Capital Purchase Program (CPP)?
Treasury created the Capital Purchase Program in October 2008 to stabilize the financial system by providing capital to viable banks of
all sizes throughout the nation. With a strengthened capital base, banks have an increased capacity to lend to businesses and
consumers and to support the U.S. economy.
Although many banks were fundamentally sound, because of the capital restraints caused by the troubled market conditions, they were
hesitant to lend. The level of confidence between banks and other financial institutions was also low, so they were unwilling to lend to
each other. Restoring capital and confidence is essential to allowing the financial system to work effectively and efficiently.
This program is now closed. Of $205 billion invested, $122 billion has already been repaid and Treasury expects it will result in a profit
to the taxpayers.
How does the CPP work?
Through the CPP, Treasury invested in banks to increase their capital and to enable them to continue lending to businesses and
consumers and otherwise serve their customers. Banks use the CPP money in a number of ways, including to shore up capital, invest in
assets, and increase lending.
Treasury purchased senior preferred shares and other interests from qualifying U.S.-controlled banks, savings associations, and other
financial institutions. Treasury also receives warrants to purchase common shares or other securities from the banks.
Banks participating in the CPP pay Treasury dividends on the preferred shares at a rate of five percent per year for the first five years
following Treasury’s investment and at a rate of nine percent per year thereafter. S-corporation banks pay an interest rate of 7.7 percent
per year for the first five years and 13.8 percent thereafter. Preferred shares (or stock) are a form of ownership in a company.
Banks may repay Treasury under the conditions established in the purchase agreements as amended by the American Recovery and
Reinvestment Act. Treasury also has the right to sell the securities. The repayment price is equal to what Treasury paid for the shares,
plus any unpaid dividends or interest.
When a publicly-traded bank repays Treasury for the preferred stock investment, the bank has the right to repurchase its warrants. The
warrants do not trade on any market and do not have observable market prices. If the bank wishes to repurchase warrants, an
independent valuation process is used to establish fair market value. If an institution chooses not to repurchase the warrants, Treasury
is entitled to sell the warrants. In November and December 2009, Treasury began public offerings registered with the Securities and
Exchange Commission for the sale of warrants using a modified Dutch auction methodology.

Appendix 1 – page 1

Monthly 105(a) Report

January 2010

What is the Supervisory Capital Assessment Program (SCAP) and Capital Assistance Program (CAP)?
The Supervisory Capital Assessment Program and Capital Assistance Program were important components of the Financial Stability
Plan to help ensure that banks have a sufficient capital cushion in a more adverse economic scenario. SCAP was a comprehensive
capital assessment exercise, or ―stress test‖, for the largest 19 U.S. bank holding companies and a complement to the CAP.
In November 2009, Treasury announced the closure of the Capital Assistance Program. Of the 19 banks that participated in the SCAP,
18 demonstrated no need for additional capital or fulfilled their need in the private market.
GMAC was the only financial institution not able to raise sufficient capital in the private market, and in December 2009, GMAC and
Treasury completed the investment contemplated in May, an additional $3.8 billion, which was funded under the Automotive Industry
Financing Program.
Following announcement of the stress test results, the largest banking institutions raised over $140 billion in high-quality capital and over
$60 billion in non-guaranteed unsecured debt in the private markets. Banks used private capital to repay TARP investments, allowing
TARP to fulfill its function as a bridge to private capital.
How did SCAP and CAP work?
Federal banking supervisors conducted forward-looking assessments to estimate the amount of capital banks would need to absorb
losses in a more adverse economic scenario and to provide the transparency necessary for individuals and markets to judge the strength
of the banking system. Results of the stress tests were released on May 7, 2009.
Some banks were required to take steps to improve the quality and/or the quantity of their capital to give them a larger cushion to
support future lending even if the economy performs worse than expected. Banks had a range of options to raise capital in the private
markets, including common equity offerings, asset sales and the conversion of other forms of capital into common equity. Banks that did
not satisfy their requirement by using these options could request additional capital from the government through the CAP. Financial
institutions had to submit a detailed capital plan to supervisors, who consulted with Treasury on the development and evaluation of the
plan. Any bank needing to augment its capital buffer at the conclusion of the SCAP was required to develop a detailed capital plan in
June 2009, and had until November 2009 to implement that capital plan.
In cases in which the SCAP indicated that an additional capital buffer was warranted, institutions had an opportunity to turn first to private
sources of capital, but were also eligible to receive government capital via investment available immediately through the CAP. Eligible
U.S. banks that did not participate in the SCAP could have applied to their primary federal regulator to receive capital under the CAP.

Appendix 1 – page 2

Monthly 105(a) Report

January 2010

What is the Asset Guarantee Program (AGP)?
Under the AGP, Treasury acted to support the value of certain assets held by qualifying financial institutions, by agreeing to absorb
unexpectedly large losses on certain assets. The program was designed for financial institutions whose failure could harm the financial
system and was used in conjunction with other forms of exceptional assistance.
The program is closed. Treasury expects it will result in a profit to the taxpayers.
Who received assistance under the AGP?
Citigroup

Bank of America

TARP funds were committed as a reserve to cover up to $5 billion of possible
losses on a $301 billion pool of Citigroup’s covered assets. As a premium for the
guarantee, Treasury received $4.034 billion of preferred stock, subsequently
exchanged for trust preferred securities, with identical terms as Citigroup’s
agreement under the TIP, and Treasury also received warrants to purchase
approximately 66 million shares of common stock at a strike price of $10.61 per
share. For the period that the Citigroup asset guarantee was outstanding,
Citigroup made no claims for loss payments to any federal party and consequently
Treasury made no guarantee payments of TARP funds to Citigroup.

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

In December 2009, Treasury, the Federal Deposit Insurance Corporation (FDIC),
the Federal Reserve Bank of New York (FRBNY) and Citigroup, agreed to
terminate Citigroup's AGP agreement, pursuant to which: (1) Treasury’s guarantee
commitment was terminated, (2) Treasury agreed to cancel $1.8 billion of the trust
preferred securities issued by Citigroup from $4.034 billion to $2.234 billion for
early termination of the guarantee, (3) the FDIC and Treasury agreed that, subject
to certain conditions, the FDIC may transfer $800 million of trust preferred
securities to Treasury at the close of Citigroup’s participation in the FDIC’s
Temporary Liquidity Guarantee Program, and (4) Citigroup agreed to comply with
the executive compensation provisions EESA’s Section 111 and to review the
actual incentive compensation agreements for Citigroup’s top 30 earners to be
sure they comport with the Federal Reserve Board of Governors’ incentive
compensation principles as set forth in the Board of Governors’ guidance.

In September 2009, Treasury, the Federal
Reserve and Bank of America agreed to
terminate the asset guarantee arrangement
announced in January 2009. In connection
with that termination and in recognition of the
benefits provided by entering into the term
sheet for such arrangement, Bank of America
paid the U.S. government $425 million.

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January 2010

What is the Targeted Investment Program (TIP) and the AIG Investment?
Pursuant to EESA, Treasury has provided exceptional assistance on a case-by-case basis in order to stabilize institutions that were
considered systemically significant to prevent broader disruption of financial markets.
Treasury provided this assistance by purchasing preferred stock, and also received warrants to purchase common stock, in the
institutions.
How did the TIP work?
Under the TIP, Treasury purchased $20 billion in preferred stock from Citigroup, Inc. and $20 billion in preferred stock from Bank of
America Corporation. Both preferred stock investments paid a dividend of eight percent per annum. The TIP investments were in
addition to CPP investments in these banks.
As part of an exchange offer designed to strengthen Citigroup’s capital, Treasury exchanged all of its CPP preferred stock in Citigroup
for a combination of common stock and trust preferred securities, and the TIP preferred shares were exchanged for trust preferred
securities.
In December 2009, Bank of America and Citigroup repaid their TIP investments in full. Treasury continues to hold warrants acquired
from each bank under the TIP.
The program is closed. Treasury expects it will result in a profit to the taxpayers.
How does the AIG Investment work?
In November 2008, Treasury purchased $40 billion in preferred stock from American International Group (AIG).
In April 2009, Treasury also created an equity capital facility, under which AIG may draw up to $29.8 billion as needed in exchange for
issuing additional shares of preferred stock to Treasury.
As of January 31, 2010, AIG has drawn $5.34 billion from the facility. The preferred shares that Treasury received in return for the draw
pay a non-cumulative dividend of ten percent per year.

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January 2010

What is the Automotive Industry Financing Program (AIFP)?
The Automotive Industry Financing Program (AIFP) was developed in December 2008 to prevent a significant disruption of the U.S.
automotive industry, because the potential for such a disruption posed a systemic risk to financial market stability and would have had a
negative effect on the economy. Short-term funding was initially provided to General Motors (GM) and Chrysler on the condition that
they develop plans to achieve long-term viability. In cooperation with the Administration, GM and Chrysler developed satisfactory
viability plans and successfully conducted in bankruptcy proceedings sales of their assets to new entities. Chrysler’s sale process was
completed in 42 days and GM’s was completed in 40 days. Treasury provided additional assistance during the respective periods.
Treasury has provided approximately $80 billion in loans and equity investments to GM, GMAC, Chrysler, and Chrysler Financial. The
terms of Treasury’s assistance impose a number of restrictions. Among others, the companies 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.
In the related Auto Supplier Support Program (ASSP), Treasury provided loans to ensure that auto suppliers receive compensation for
their services and products, regardless of the condition of the auto companies that purchase their products.
Chrysler
On January 2, 2009, Treasury loaned $4 billion to Chrysler Holding to give it time to implement a viable restructuring plan. On March 30,
the Administration determined that the business plan submitted by Chrysler failed to demonstrate viability and announced that in order
for Chrysler to receive additional taxpayer funds, it needed to find a partner. 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 during
the bankruptcy. 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.
New Chrysler also assumed $500 million of Chrysler Holding’s initial loans from Treasury. When the sale to New Chrysler was
completed, Treasury received 9.9% of the common equity in New Chrysler.
The original $4 billion loan to Chrysler Holding, excluding the $500 million of debt that was assumed by New Chrysler, remains
outstanding and in default. In July 2009, Chrysler Holding agreed to pay to Treasury 40% of any distributions from Chrysler Financial
received by Chrysler Holdings with a preference on the first $1.375 billion in distributions. In exchange, Treasury agreed to certain
forbearance with respect to Chrysler Holding’s loans.

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January 2010

Treasury currently owns 9.9% of the equity in New Chrysler, and is owed $5.1 billion of debt from New Chrysler (excluding capitalized
interest). The original loans to Chrysler remain outstanding, but are reduced by $500 million of debt that was assumed by New Chrysler.
Current equity ownership in New Chrysler is as follows: the Chrysler Voluntary Employee Benefit Association (VEBA) (67.7%), Fiat
(20%), Treasury (9.9%) and the Government of Canada (2.5%).
Chrysler Financial
On January 16, 2009, Treasury announced that it would lend up to $1.5 billion to a special purpose vehicle (SPV) created by Chrysler
Financial to enable the company to finance the purchase of Chrysler vehicles by consumers.
To satisfy the EESA warrant requirement, the Chrysler Financial SPV issued additional notes entitling Treasury to an amount equal to
five percent of the maximum loan amount. Twenty percent of those notes vested upon the closing of the transaction, and additional
notes were to vest on each anniversary of the transaction closing date. The loan was fully drawn by April 9, 2009.
On July 14, 2009, Chrysler Financial fully repaid the loan, including the vested additional notes and interest.
General Motors
On December 31, 2008, Treasury agreed to loan $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. The first plan GM submitted failed to establish a credible
path to viability, and the deadline was extended to June 1 for GM to develop an amended plan. Treasury loaned an additional $6 billion
to fund GM during this period. To achieve an orderly restructuring, GM filed for bankruptcy on June 1, 2009. Treasury provided $30.1
billion under a debtor-in-possession financing agreement to assist GM during the bankruptcy.
The new entity, General Motors Company (New GM), began operating on July 10, 2009, following its purchase of most of the assets of
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 continued to hold $6.7 billion in loans.
In December 2009, New GM began quarterly repayments of $1.0 billion on its $6.7 billion loan from Treasury. And in January 2010, New
GM and Treasury amended the loan agreement so that funds remaining in the escrow will be used to repay the balance of the loan in
June 2010.
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%).

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January 2010

GMAC
In December 2008, Treasury purchased $5 billion in senior preferred equity from GMAC LLC, and received an additional $250 million in
preferred shares through warrants that Treasury exercised at closing. At the same time, Treasury also agreed to lend to $1 billion of
TARP funds to GM (one of GMAC’s owners), to purchase additional ownership interests in GMAC’s rights offering up. GM drew $884
million under that commitment in January 2009, and then in May 2009, Treasury exercised its option to exchange that loan for 35.4% of
the common membership interests in GMAC.
In May 2009, regulators required GMAC to raise additional capital by November 2009 in connection with the SCAP. On May 21, 2009,
Treasury purchased $7.5 billion of convertible preferred shares from GMAC and received warrants that Treasury exercised at closing for
an additional $375 million in convertible preferred shares, which enabled GMAC to partially meet the SCAP requirements. Additional
Treasury investments in GMAC were contemplated to enable GMAC to satisfy the SCAP requirements.
On December 30, 2009, Treasury:


invested an additional $3.8 billion in GMAC, consisting of $2.54 billion of trust preferred securities (TRUPs), which are senior to all
other capital securities of GMAC, and $1.25 billion of Mandatory Convertible Preferred Stock (MCP), and received warrants, which
were immediately exercised, to purchase an additional $127 million of TRUPs and $63 million of MCP;



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



exchanged $5.25 billion of preferred stock into MCP; and



for the conversion price of the MCP to common stock, acquired a ―reset‖ for an adjustment in 2011, if beneficial to Treasury, based
on the market price of GMAC’s private capital transactions occurring in 2010.

As a result of the December 2009 transactions, Treasury's equity ownership of GMAC increased from 35 percent to 56.3 percent and
Treasury holds $11.4 billion of MCP in GMAC. Treasury has the right to appoint two additional directors to the GMAC Board of
Directors, so that four of nine directors will be appointed by Treasury.
GMAC remains subject to the executive compensation and corporate governance requirements of Section 111 of EESA, and to the
oversight of the Special Master for Executive Compensation.

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January 2010

Consumer and Business Lending Initiatives
What are the Small Business and Community Development Financial Institutions Initiatives?
To ensure that credit flows to entrepreneurs and small business owners, Treasury has taken measures to complement the
Administration’s actions to help small businesses recover and grow, including 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.
On February 3, 2010, President Obama announced details of the new TARP program to invest lower-cost capital in Community
Development Financial Institutions (CDFIs). Under this program, CDFI banks, thrifts and credit unions that target more than 60 percent
of their small business lending and other economic development activities to the country's hardest-hit communities will be eligible to:


Receive capital investments of up to 5 percent of risk-weighted assets, compared to a limit of up to 2 percent as initially outlined in
October – significantly increasing the potential impact on lending in low-income communities.



CDFIs would pay dividends to Treasury at a rate of 2 percent, compared to the 5 percent rate under the CPP.



Consistent with the use of TARP funds to promote financial stability and protect the taxpayer, CDFIs will need approval from their
banking regulator to participate in this program. In cases where a CDFI might not otherwise be approved by its regulator, it will be
eligible to participate so long as it can raise enough private capital that – when matched with Treasury capital up to 5 percent of riskweighted assets (RWA) – it can reach viability.

Additional details are available at http://www.FinancialStability.gov/latest/pr_02032010.html
What is the Term Asset-Backed Securities Loan Facility (TALF)?
The Term Asset-Backed Securities Loan Facility is a lending facility operated by the Federal Reserve Bank of New York. The FRBNY
provides term non-recourse loans collateralized by AAA-rated asset-backed securities (ABS) backed by new or recently originated auto
loans, student loans, credit card loans, equipment loans, floor plan loans, insurance premium finance loans, residential mortgage
servicing advances, or commercial mortgage loans, including legacy commercial mortgage loans, as well as collateralized by loans
guaranteed by the Small Business Administration. Treasury provides credit support for TALF as part of Treasury’s Consumer and
Business Lending Initiative.
The way in which the TALF works is that on fixed days each month investors can request the FRBNY to make loans secured by eligible
consumer, small business ABS, or commercial mortgage backed securities (CMBS). Assuming that the borrower and the ABS or CMBS
it plans to pledge as collateral meet FRBNY’s 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.

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January 2010

If the borrower does not repay the loan, the FRBNY will enforce its rights in the collateral and sell the collateral to a special purpose
vehicle (SPV) established specifically for the purpose of purchasing and managing such assets. The SPV is funded, in part, by a $20
billion subordinated loan commitment from Treasury.
On August 17, 2009, Treasury and the FRBNY announced the extension of the TALF for newly-issued ABS and legacy CMBS through
March 31, 2010. In addition, TALF will make loans against newly issued CMBS through June 30, 2010. There were no further additions
to the types of collateral eligible for the TALF.
Legacy Securities Public-Private Investment Program (S-PPIP)
What is the S-PPIP?
The Legacy Securities Public-Private Investment Program is designed, in part, to support market functioning and facilitate price
discovery in the commercial and non-agency residential mortgage-backed securities (MBS) markets, helping banks and other financial
institutions re-deploy capital and extend new credit to households and businesses. Both residential and commercial MBS are pools of
mortgages bundled together by financial institutions. Rights to receive a portion of the cash generated by the pools are sold as securities
in the financial markets, in the same way a stock or bond would be sold in financial markets. The term ―legacy assets‖ generally refers to
loans, asset-backed securities, and other types of assets that were originated or issued before the financial markets for these types of
assets deteriorated significantly in 2008.
The Public-Private Investment Program was announced as part of the Financial Stability Plan, which also originally included a program
for legacy loans that would be administered by the FDIC.
In the latter months of 2009, financial market conditions improved, the prices of legacy securities appreciated, and the results of the
Supervisory Capital Assessment Program enabled banks to raise substantial amounts of capital as a buffer against weaker than
expected economic conditions, all of which enabled Treasury to proceed with the program at a scale smaller than initially envisioned.
How does the S-PPIP work?
Treasury partners with selected fund managers to purchase commercial and non-agency residential and commercial MBS. Treasury
provides equity as well as debt financing to investment partnerships formed by the fund managers; the maximum equity obligation to a
PPIF is expected to be $1.11 billion and the maximum debt obligation to a PPIF is expected to be $2.22 billion (before giving effect to
any re-allocation of capital). Treasury will invest one-half of the total equity committed to the partnership; the remainder must be raised
by the fund manager from private sector sources. Treasury's loan will earn interest and must be repaid at the end of the life of the fund.

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January 2010

The nine firms that Treasury had pre-qualified in July 2009 to participate as fund managers have completed initial closings and begun
operations of Public-Private Investment Funds (PPIFs). Treasury has committed (but not yet funded all of) of $1.11 billion of equity
capital together with $2.22 billion of debt financing to each PPIF, while total Treasury equity and debt investment in all PPIFs will equal
approximately $30 billion. Following an initial closing, each PPIF has the opportunity to conduct additional closings over the following six
months and to receive matching Treasury equity and debt financing for such additional closings.
The equity investment, together with warrants received by Treasury, ensures that if these PPIFs perform well, the U.S. Treasury, and
thus the taxpayer, will benefit from the upside of the performance alongside private investors.
Treasury carefully designed the S-PPIP terms to protect the interests of taxpayers. Fund managers may not acquire assets from or sell
assets to their affiliates or any other PPIF fund manager or private investor that has committed at least ten percent of the aggregate
private capital raised by such fund manager. Fund managers must submit regular monthly reports about assets purchased, assets
disposed, asset values, and profits and losses. Due to the possibility of actual or potential conflicts of interest inherent in any marketbased investment program, fund managers also must agree to abide by ethical standards and conflicts of interest and compliance rules
and a process for ensuring adherence to these rules developed by Treasury. In developing these requirements, Treasury worked closely
with, among others, the staff of the SIGTARP and the Federal Reserve.
Who are the S-PPIP Fund Managers?
Following a comprehensive two-month application, evaluation, and selection process, during which Treasury received over 100 unique
applications to participate in the S-PPIP, in July 2009 Treasury pre-qualified the following firms to participate as fund managers in the
program: AllianceBernstein, LP and its sub-advisors Greenfield Partners, LLC and Rialto Capital Management, LLC; Angelo, Gordon &
Co., L.P. and GE Capital Real Estate; BlackRock, Inc.; Invesco Ltd.; Marathon Asset Management, L.P.; Oaktree Capital Management,
L.P.; RLJ Western Asset Management, LP; The TCW Group, Inc., (subsequently terminated, see below); and Wellington Management
Company, LLP.
The fund managers for the PPIFs have established relationships with small, minority-, and women-owned businesses. Partner firms
have roles including involvement in managing the investment portfolio and cash management services, raising capital from private
investors, providing trading related-services, identifying investment opportunities, and providing investment and market research and
other advisory services to the PPIFs.
In December 2009, a fund managed by The TCW Group, Inc., was liquidated because TCW terminated the employment of individuals
who were ―Key Persons‖ responsible for making the investment decisions as set forth under the Limited Partnership Agreement for the
TCW PPIF. Only $513 million of total capital had been funded. Treasury's debt and equity capital investments were repaid in full, and
Treasury realized a profit of approximately $20.2 million on its equity investment of $156.3 million. Private investors have been offered

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Monthly 105(a) Report

January 2010

the option to re-allocate their underfunded capital commitments and proceeds from the TCW PPIF liquidation to any of the eight other
PPIFs.

Home Affordable Modification Program (HAMP)
What is the Home Affordable Modification Program?
The Home Affordable Modification Program, part of Making Home Affordable (MHA), was first announced by the Obama Administration
in February 2009 as part of its Financial Stability Plan.
Using TARP funds, Treasury provides incentives for mortgage servicers, borrowers and investors to modify loans that are delinquent or
at imminent risk of default to an affordable monthly payment equal to no more than 31 percent of a borrower’s gross monthly income.
Borrowers must be owner occupants, demonstrate the ability to support the reduced payment during a three-month trial, and submit
required documentation before the modification becomes permanent.
Homeowners participating in HAMP work with HUD-certified housing counselors and mortgage servicers. HAMP is designed to give up
to 3 to 4 million homeowners an opportunity to reduce their monthly mortgage payments to more affordable levels.
HAMP includes both GSE and non-GSE mortgages. GSE stands for ―government sponsored enterprise,‖ and in this report refers to
Fannie Mae and Freddie Mac. Up to $50 billion of TARP funds will be used to encourage the modification of non-GSE mortgages that
financial institutions own and hold in their portfolios (whole loans) and mortgages held in private-label securitization trusts.
Servicers must enter into the Servicer Participation Agreements with Treasury on or before October 3, 2010. Servicers for loans that are
owned or securitized by Fannie Mae or Freddie Mac (GSEs) are required to participate in the related GSE’s HAMP for their portfolio of
GSE loans. The incentives for these GSE HAMP modifications are funded by the related GSEs from their own resources.
Borrowers may be accepted into HAMP if a borrower has made the first trial period payment on or before December 31, 2012.
Modification interest rates are locked for five years from the start date of the modification. Incentive payments to investors and
borrowers will continue to be paid out over that period for up to five years, and incentive payments to servicers for up to three years. At
the end of five years, the reduced interest rate will increase by one percent per year until it reaches the cap, which is the market rate at
the time the trial period began. The capped rate is fixed for the life of the loan.

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January 2010

What are the additional components of HAMP and MHA?
The Home Price Decline Protection (HPDP) program is a component of HAMP, and the Second Lien Modification Program (2MP) and
the Home Affordable Foreclosure Alternatives Program (HAFA) are components of MHA.
HPDP provides additional incentive payments for modifications on properties located in areas where home prices have declined. The
purpose of the program is to encourage additional lender participation and HAMP modifications in areas hardest hit by falling home
prices and ensure that borrowers in those areas have the opportunity to stay in their homes, thereby minimizing foreclosures, which
further depress home values.
The Second Lien Modification Program (2MP) provides incentives for second-lien holders to modify or extinguish a second-lien mortgage
when a modification has been initiated on the first lien mortgage for the same property under HAMP.
The Home Affordable Foreclosure Alternatives Program (HAFA) simplifies and streamlines the use of short sale or deed-in-lieu options
by incorporating financial incentives to borrowers, servicers, and investors. The program also ensures pre-approved short sale terms
prior to listing the property on the market and requires that borrowers be fully released from future liability for the debt.
Servicer performance
To ensure transparency and servicer accountability, servicer-specific results are publicly reported on a monthly basis. The report format
now includes the number of Trial Period Plans that have transitioned to permanent modifications as well as a break-out of the 15
metropolitan areas with the highest program activity.
The MHA Monthly Servicer Performance Reports can be found at
http://www.FinancialStability.gov/latest/reportsanddocs.html.
Participating servicers and state, local and community stakeholders have worked with Treasury to improve the overall effectiveness and
efficiency of HAMP, by introducing: a streamlined documentation process, including standardization of forms, reduced paperwork
requirements, servicer-to-borrower response guidelines, and electronic signature acceptance for modification documents; enhanced
availability of foreign language translations for HAMP information and document summaries; and other web tools for borrowers.
In December 2009, Treasury conducted a nationwide mortgage modification conversion campaign to ensure that servicers make every
reasonable effort to convert eligible borrowers from a trial to a permanent modification. The conversion campaign involved onsite
monitoring of the seven largest servicers by Treasury and Fannie Mae staff, and daily loan-level conversion reporting through the month
of December. The conversion campaign resulted in a significant increase in the number of borrowers offered permanent modifications
by these servicers and considerable improvements in the implementation and operation of modification processes going forward.

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January 2010

In December 2009, Treasury also introduced a review period lasting until January 31, 2010 for all trial modifications that were set to
expire on or before that date, but were either missing required documentation or for which the servicer has not had time to review the
submitted documents. During this review period, servicers could not cancel any active trial modifications unless the related property did
not meet the HAMP property eligibility requirements
On January 28, 2010, MHA released updated guidance for servicer documentation requirements in order to expedite conversions of
current trial modifications to permanent status. This guidance also implemented an important program improvement for future trial period
plans by requiring servicers to fully validate borrower financial information before offering a trial plan. In addition, servicers are allowed
additional time in certain circumstances to retrieve documentation from applicants, notify applicants of any missing documents, and
resolve any disputes over applications. Information on this supplemental directive can be found at http://www.FinancialStability.gov/
latest/pr_01282010.html.
Compliance and second look
The HAMP Compliance Program is designed to ensure that servicers satisfy their obligations under HAMP requirements in order to
provide a well-controlled program that assists as many deserving homeowners as possible to retain their homes while taking reasonable
steps to prevent fraud, waste and abuse. Freddie Mac acts as Treasury’s Compliance Agent for HAMP through MHA-C, which is a
separate, independent division that conducts these compliance activities. Treasury works closely with MHA-C to design and refine the
Compliance Program and conducts quality assessments of the activities performed by MHA-C.
MHA-C conducts four major activities through the Compliance Program: (1) on-site reviews of the servicers’ internal controls and
processes; (2) loan file reviews, which includes a process known as ―second look;‖ (3) net present value (NPV) testing and assessments,
which consist of testing servicers’ proprietary systems to determine if HAMP NPV requirements were appropriately implemented; and (4)
as required by MHA-C, targeted reviews on one or more specific processes or types of reviews listed above based on compliance
trends, risk analysis or actual compliance activities results.
Following these reviews, MHA-C provides Treasury with assessments of each servicer’s compliance with HAMP requirements. If
appropriate, Treasury will implement remedies for non-compliance. These remedies may include withholding or reducing incentive
payments to servicers, requiring repayments of prior incentive payments made to servicers with respect to affected loans, or requiring
additional servicer oversight.
Details on the Home Affordable Modification Program are available at http://www.FinancialStability.gov/roadtostability/homeowner.html and
at http://www.makinghomeaffordable.gov.

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January 2010

Office of the Special Master for TARP Executive Compensation
What is the scope of the Special Master's review?
In June 2009, Treasury published the Interim Final Rule (the ―Rule‖) on executive compensation, promulgated under the EESA as
amended by the American Recovery and Reinvestment Act of 2009. The Rule contains distinct requirements for recipients of TARP
funding under certain programs, including CPP participants and recipients of exceptional assistance. The exceptional assistance
recipients currently include the following firms: AIG, Chrysler, Chrysler Financial, GM and GMAC. Bank of America and Citigroup ceased
to be exceptional assistance recipients upon their respective repayments of TARP obligations arising from exceptional assistance
programs in December 2009.
The Rule also provided the Special Master with specific powers designed to ensure that executive pay at these firms is in line with longterm value creation and financial stability. These include:


Review of Payments: For recipients of exceptional assistance, the Special Master is required to review and approve compensation
structures, including payments made pursuant to those structures, for the senior executive officers and 20 next most highly paid
employees;



Review of Structures: For each exceptional assistance recipient, the Special Master is required to review and approve compensation
structures for all executive officers and the 100 most highly compensated employees;



Interpretation: The Special Master has interpretive authority over the executive compensation provisions of EESA and the Interim
Final Rule. Accordingly, the Special Master will make all determinations as to the application of those provisions to particular facts;
and Review of



Prior Payments: The Special Master is required to review any bonuses, retention awards, and other compensation paid to employees
of each TARP recipient prior to February 17, 2009, to determine whether the payments were contrary to the public interest. If the
payment is determined to be contrary to the public interest, the Special Master will be responsible for negotiating for reimbursements
of such payments.

The Rule also requires that the compensation committee, CEO, and CFO, of each TARP recipient provide certain certifications to
Treasury with respect to compliance with the Rule. These certifications are due within 90 days (in the case of the CEO and CFO
certifications) or 120 days (in the case of the compensation committee) of the completion of the TARP recipient’s fiscal year.
In addition to the executive compensation requirements, all TARP recipients were required to adopt a luxury expenditure policy
consistent with the requirements of the Rule, provide the policy to Treasury, and post the policy on their Internet website, in each case
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January 2010

within 90 days following publication of the Rule (or, if later, 90 days following the closing date of the agreement between the TARP
recipient and Treasury). These policies are generally required to address expenses including entertainment or other events, office and
facility renovations, and aviation or other transportation services.
Determinations for the Top 25 Employees
On October 22, 2009, the Special Master for TARP Executive Compensation, Kenneth R. Feinberg, released determinations on the
compensation packages for the five senior executive officers and the next 20 most highly compensated employees at the seven firms
that were then exceptional assistance recipients. The Office of the Special Master generally rejected the companies’ initial proposals for
these ‖Top 25‖ executives and approved a modified set of compensation structures with the following features:


Cash salaries generally no greater than $500,000, with the remainder of compensation in equity.



Most equity compensation paid as vested ―stock salary,‖ which executives must hold until 2011, after which it can be transferred in
three equal, annual installments (subject to acceleration on the company’s repayment of federal assistance).



Annual incentives payable in ―long-term restricted stock,‖ which is forfeited unless the employee provides three years of service after
it is granted, in amounts determined based on objective performance criteria. Actual payment of the restricted stock is subject to the
company’s repayment of TARP funds (in 25% installments).



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



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

Determinations for the Covered Employees 26 - 100
On December 11, 2009, the Special Master issued determinations on the compensation structures for Covered Employees 26–100.
Unlike the October rulings, which addressed specific amounts payable to Top 25 executives, Treasury regulations require the Special
Master only to address compensation structures for Covered Employees 26–100. These determinations covered four companies: AIG,
Citigroup, GM, and GMAC. Chrysler and Chrysler Financial were (with the exception of one employee) exempt from the Special
Master’s review during this round because total pay for their executives does not exceed the $500,000 ―safe harbor‖ limitation in
Treasury's compensation regulations. As detailed below, because of Bank of America’s repayment of its TARP obligations, its Covered
Employees 26–100 were no longer subject to the Special Master's review.
The compensation structures approved by the Special Master for the Covered Employee 26–100 groups have the following general
features:

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Monthly 105(a) Report

January 2010



Short-term cash compensation is restricted. Cash salaries are generally limited to $500,000 other than for exceptional cases, with
overall cash limited in most cases to 45% of total compensation in cash. All other pay must be in company stock;



Incentive compensation without real achievement of performance is forbidden. Total incentives are limited to a fixed pool, incentive
payments may be made only if objective goals are achieved, and all such payments must be subject to ―clawback‖ if results prove
illusory;



Compensation structures must have a long-term focus. In most cases, at least 50 percent of total compensation must be held for
three years, at least 50 percent of incentive pay must be granted in long-term stock, and any cash incentives must be delivered over
at least two years—single, lump-sum cash bonuses are not permitted; and



Pay practices that are not aligned with shareholder and taxpayer interests, such as golden parachutes, supplemental executive
retirement benefits, excessive perquisites and tax gross-ups are frozen or forbidden.

In addition to determinations for Covered Employees 26–100, the Special Master issued several supplemental determinations in
December, including determinations approving pay packages for the new chief executive officer of GMAC and the new chief financial
officer of GM. The pay packages approved by the Special Master for the newly hired executives generally conform to the principles and
structures of the Top 25 determinations. All the Special Master’s determinations are available at the website identified below.
The Special Master has requested 2010 compensation proposals for the remaining exceptional assistance recipients; those proposals
were required to be submitted by January 15, 2010.
Effects of TARP Repayment
Prior to the Special Master’s issuance of determinations for the Covered Employee 26–100 groups, Bank of America repaid its TARP
obligations. As a result, the compensation structures for Bank of America’s Covered Employees 26–100 were no longer subject to the
Special Master’s review, and no determination in that regard was issued. Payments to Bank of America’s Top 25 relating to service
prior to the repayment, however, remain subject to the Special Master’s October determinations. With respect to its Top 25, Bank of
America agreed to comply with the Rule and with the October determinations as if the repayment occurred on December 31, 2009.
After the Special Master issued determinations for the Covered Employee 26–100 groups, Citigroup repaid certain TARP obligations,
and ceased to be an "exceptional assistance recipient‖ for purposes of the Rule. As a result of the repayment, Special Master approval
is not required for future compensation structures and payments to Citigroup executives. Payments and compensation structures for
Citigroup’s Top 25 and Covered Employees 26–100 relating to service prior to the repayment, however, remain subject to the Special
Master’s October and December determinations, respectively. Citigroup agreed to comply with the October and December
determination letters and memoranda issued by the Special Master with respect to Citigroup as if Citigroup were receiving exceptional

Appendix 1 – page 16

Monthly 105(a) Report

January 2010

assistance through December 31, 2009. The executive compensation restrictions that apply to TARP recipients that are not ―exceptional
assistance recipients‖ will continue to apply to Citigroup until it extinguishes its remaining TARP obligations.
Information regarding the determination letters and executive compensation is available at:
http://www.FinancialStability.gov/about/executivecompensation.html and http://www.FinancialStability.gov/latest/tg_102220009e.html.
How Treasury Exercises Its Voting Rights
Treasury is a shareholder in the new General Motors, the new Chrysler, GMAC and Citigroup. The Obama Administration has stated that
core principles will guide Treasury’s management of financial interests in private firms. One such principle is that the United States
government will not interfere with or exert control over day-to-day company operations and, in the event the government obtains
ownership interests, it will vote only on key governance issues. These core principles also include Treasury's commitment to seek to
dispose of its ownership interests as soon as practicable. Treasury will follow these principles in a manner consistent with the obligation
to promote the liquidity and stability of the financial system.
Treasury does not participate in the day-to-day management of any company in which it has an investment nor is any Treasury
employee a director of any such company. Treasury’s investments have generally been in the form of non-voting securities or loans.
For example, the preferred shares that Treasury holds in financial institutions under the Capital Purchase Program do not have voting
rights except in certain limited circumstances, such as amendments to the charter of the company, or in the event dividends are not paid
for several quarters, in which case Treasury has the right to elect two directors to the board.
Treasury has announced that it will follow the following principles in exercising its voting rights: (1) Treasury intends to exercise its right
to vote only on certain matters consisting of the election or removal of directors; certain major corporate transactions such as mergers,
sales of 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 either abstain from voting or vote its shares in the same proportion (for,
against or abstain) as all other shares of the company's stock are voted.
For public companies such as Citigroup, Treasury has entered into an agreement in which these principles are set forth. For private
companies such as GM, GMAC and Chrysler, Treasury follows the principles voluntarily or as set forth in a stockholder agreement. In
GM, they are largely reflected as terms following an initial public offering (IPO).
In the case of AIG:


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
Appendix 1 – page 17

Monthly 105(a) Report

January 2010

that the trustees cannot be employees of Treasury or the FRBNY. The trust exists for the benefit of the U.S. Treasury, and the
Department of the Treasury does not control the trust and it cannot direct the trustees.


Treasury owns preferred stock which does not have voting rights except in certain limited circumstances (such as amendments to the
charter) or in the event dividends are not paid for four quarters, in which case Treasury has the right to elect up to three directors to
the board.

Appendix 1 – page 18

Monthly 105(a) Report

January 2010

Appendix 2

Legacy Securities Public-Private Investment Program Quarterly Report

LEGACY SECURITIES PUBLIC-PRIVATE
INVESTMENT PROGRAM
Program Update – Quarter Ended December 31, 2009
g
p
Q
,
January 29, 2010

OVERVIEW
Introduction

This is the initial quarterly report on the Legacy Securities Public-Private Investment Program (“PPIP”).
This report includes a summary of PPIP capital activity, portfolio holdings and current pricing, and fund
performance. Treasury expects to provide additional information as the program matures in subsequent
quarterly reports.
PPIP Overview

PPIP is designed to support market functioning and facilitate price discovery in the mortgage-backed
securities markets, allowing banks and other financial institutions to re-deploy capital and extend new
credit to households and businesses. The investment objective of PPIP is to generate attractive returns for
businesses
taxpayers and private investors through long-term opportunistic investments in Eligible Assets (as defined
below) by following predominantly a buy and hold strategy. Under the program, Treasury will invest up to
$30 billion of equity and debt in public-private investment funds (“PPIFs”) established by private sector
fund managers for the purpose of p
g
p p
purchasing Eligible Assets. The fund managers and p
g g
g
private investors
will also provide capital to the funds. PPIFs have eight-year terms which may be extended for consecutive
periods of up to one-year each, up to a maximum of two years. To qualify for purchase by a PPIF, the
securities must have been issued prior to 2009 and have originally been rated AAA – or an equivalent
rating by two or more nationally recognized statistical rating organizations – without ratings enhancement
and must be secured directly by the actual mortgage loans, leases, or other assets (“Eligible Assets”).
Please see page 8 of this program update for a glossary of terms used throughout this document.
Additional information on PPIP can also be found at www.financialstability.gov.
Neither this report nor the information contained herein constitutes an offer to sell or the solicitation of an
offer to buy any securities. Any such offer or solicitation with respect to any PPIF may only be made by
the applicable fund manager. This presentation has not been reviewed by any of the fund managers.
2

CAPITAL ACTIVITY
Set forth below is a summary of equity and debt capital by PPIF. As of December 31, 2009, the
PPIFs have completed initial and subsequent closings on approximately $6.2 billion of private sector
equity capital, which was matched 100 percent by Treasury, representing $12.4 billion of total equity
capital. Treasury has also provided $12.4 billion of debt capital, representing $24.8 billion of total
purchasing power. As of December 31, 2009, PPIFs have drawn-down approximately $4.3 billion
of total capital which has been invested in Eligible Assets and cash equivalents pending investment.
Summary of Capital by PPIF ($ in Millions)

Fund
AG GECC PPIF Master Fund, L.P.                                               

Closing 
Closing
Date
10/30/09

Closed Equity and Debt Capital
Private
Treasury
Treasury Purchasing
Purchasing 
Power
Equity
Equity
Debt
$                653 $                653 $            1,307 $            2,614

AllianceBernstein Legacy Securities Master Fund, L.P.

10/02/09

               
1,060                
1,060                
2,121                
4,241

Blackrock PPIF, L.P.

10/02/09

                  582                   582                
1,164                
2,329

Invesco Legacy Securities Master Fund, L.P.

09/30/09

                 506

Marathon Legacy Securities Public‐Private Investment Partnership, L.P.

11/25/09

                  400                   400                   800                
1,600

Oaktree PPIP Fund, L.P.

12/18/09

                  456                   456                   912                
1,823

RLJ Western Asset Public/Private Master Fund, L.P.

11/05/09

                  505                   505                
1,010                
2,021

UST/TCW Senior Mortgage Securities Fund, L.P. 

09/30/09

              
1,014

Wellington Management Legacy Securities PPIF Master Fund, LP

10/01/09

               
1,017                
1,017                
2,033                
4,066

(1)

                 506

             1,014

             1,012

             2,028

             2,024

             4,056

Total Closed

$            6,194 $            6,194 $          12,387 $          24,774

Total Program

$          10,000 $          10,000 $          20,000 $          40,000

( )
(1)

 On January 4, 2010, Treasury and TCW entered into an agreement to terminate this fund because some of the key investment professionals 
On January 4 2010 Treasury and TCW entered into an agreement to terminate this fund because some of the key investment professionals
left the firm.  Pursuant to the agreement, all limited partners were released from capital commitments and the PPIF's holdings were 
liquidated.  Treasury did not incur any loss as a result of the termination and currently expects, based on preliminary reports it received from 
the fund manager, that the TCW PPIF limited partners (private investors and Treasury) will realize a profit.  TCW limited partners will have the 
ability to re‐allocate capital to other PPIFs.
3

PORTFOLIO HOLDINGS – SUMMARY BY SECTOR
The total market value of Non-Agency RMBS and CMBS held by all PPIFs was approximately $3.4
billion as of December 31, 2009. Approximately 87% of the portfolio holdings are Non-Agency RMBS
and 13% are CMBS. The charts below show composition of Eligible Assets by sector.
Non-Agency RMBS – $2,971 million

$348
12%

CMBS – $440 million

$136
5%

$89 
20%
$182
41%

$1,255
42%

$1,233 
41%

Prime

$169 
39%

Alt‐A
Subprime
($ in Millions)

Option ARM

Super Senior
AM
($ in Millions)

AJ

4

PORTFOLIO HOLDINGS – NON-AGENCY RMBS
The charts below illustrate the range of market prices of Non-Agency RMBS held by all PPIFs as of
December 31 2009. Prices are expressed as a percent of par value.
D
b 31, 2009 P i
d
t f
l
Prime
100.0%

Alt-A
100.0%

Median Price:  73.5

80.0%

80.0%

66.9%

60.0%

60.0%

40.0%
24.0%
24 0%
20.0%
3.4%

37.9%

40.0%
20.0%

5.7%

43.7%

11.7%

6.8%

0.0%

0.0%
< 40

40 ‐ 60

60 ‐ 80

< 40

80 ‐ 100

Subprime
100.0%

Median Price:  60.1

40 ‐ 60

60 ‐ 80

80 ‐ 100

Option ARM
100.0%

Median Price:  60.6

80.0%

80.0%

60.0%

Median Price:  54.1

60.0%

61.5%

40.0%

30.0%
18.3%

20.0%

23.3%

28.3%

40.0%
20.0%

30.8%
7.7%

0.0%
0 0%

0.0%

0.0%
< 40

40 ‐ 60

60 ‐ 80

80 ‐ 100

< 40

40 ‐ 60

60 ‐ 80

80 ‐ 100
5

PORTFOLIO HOLDINGS – CMBS
The charts below illustrate the range of market prices of CMBS held by all PPIFs as of December
31, 2009 P i
31 2009. Prices are expressed as a percent of par value.
d
t f
l
Super Senior
100.0%

AM
100.0%

Median Price:  81.1  

80.0%

71.4%

80.0%

80.0%
60.0%

60.0%
40.0%

40.0%

28.6%

15.0%

20.0%

20.0%
0.0%

0.0%

< 40

0.0%

Median Price:  72.1

40 ‐ 60

0.0%
60 ‐ 80

80 ‐ 100

5.0%

0.0%
< 40

40 ‐ 60

60 ‐ 80

80 ‐ 100

AJ
100.0%

Median Price:   64.7

80.0%
63.6%
60.0%
36.4%

40.0%
20.0%
0.0%

0.0%
0 0%
< 40

0.0%
0 0%
40 ‐ 60

60 ‐ 80

80 ‐ 100
6

PERFORMANCE
Set forth below is a summary of performance since inception (the date on which each PPIF made its
initial capital draw) as reported by each fund manager. Performance will vary among PPIFs due to
different risk/return objectives, leverage ratios, and sector allocations among other reasons. The
influence of these factors as well as others on performance may evolve over time based on market
conditions. Moreover, PPIFs are in the early stages of their three-year investment periods (the time
period during which Eligible Assets may be purchased) and early performance may be
disproportionately impacted by structuring and transaction costs and the pace of capital deployment
by each PPIF. Because of this, industry practice counsels that, at this stage, any performance
analysis done on these funds would not generate meaningful results and it would be premature to
draw any long-term conclusions about the performance of individual PPIFs or PPIP in general from
the data reported below. It should be noted that the current and past performance of a PPIF is not
indicative of its future performance.
Performance Since Inception ( of December 31, 2009)
p
(As
,
)
Cumulative Net 
Performance 
Fund
AG GECC PPIF Master Fund, L.P.                                               
AllianceBernstein Legacy Securities Master Fund, L.P.
AllianceBernstein Legacy Securities Master Fund L P
Blackrock PPIF, L.P.
Invesco Legacy Securities Master Fund, L.P.
Marathon Legacy Securities Public‐Private Investment Partnership, L.P.
Oaktree PPIP Fund, L.P.
RLJ Western Asset Public/Private Master Fund, L.P.
RLJ Western Asset Public/Private Master Fund L P
UST/TCW Senior Mortgage Securities Fund, L.P.
Wellington Management Legacy Securities PPIF Master Fund, LP

Inception Date
11/12/09
10/23/09
10/16/09
10/13/09
12/15/09
NA
11/23/09
10/19/09
10/19/09

(1)

Since Inception 
3.9%
‐0.6%
0 6%
1.0%
2.8%
‐1.4%
NA
3.3%
3 3%
0.7%
‐1.2%

(1)

 Performance is net of management fees and expenses attributable to Treasury.
NA = Not Applicable as the fund has not drawn down capital as of 12/31/09.

7

GLOSSARY OF TERMS
Non-Agency Residential Mortgage-Backed Securities (RMBS)

Non-Agency R id i l M
N A
Residential Mortgage B k d S
Backed Securities (RMBS) T
i i (RMBS): Type of mortgage-backed security
f
b k d
i
that is secured by loans on residential properties that are not issued or guaranteed by Fannie Mae, Freddie
Mac or Ginnie Mae, or any other United States federal government-sponsored enterprise (GSE) or a
United States federal government agency. Non-Agency RMBS are typically classified by underlying
collateral / type of mortgage (i.e. Prime, Alt-A, Subprime, Option ARM).
Prime: M
Pi
Mortgage l
loan made to a b
d
borrower with good credit that generally meets the l d ’ strictest
ih
d di h
ll
h lender’s i
underwriting criteria. Non-Agency Prime loans generally are loans that exceed the dollar amount eligible
for purchase by the GSEs (jumbo loans), but may include lower balance loans as well.
Alt-A: Mortgage loan made to a borrower with good credit but with limited documentation, or other
characteristics that do not meet the standards for Prime loans. An Alt-A loan may have a borrower with a
lower FICO score, a hi h r l
l
r
r
higher loan-to-value r ti or li it d or no d
t
l ratio, r limited r
documentation compared t a Prime loan.
t ti
p r d to Pri l
Subprime: Mortgage loan made to a borrower with poor credit, typically having a FICO score of 620 or
less.
Option ARM: Mortgage loan that gives the borrower a set of choices of how much interest and principal
to pay each month. This may result in negative amortization (i.e. an increasing loan principal balance over
time).
i )
Commercial Mortgage-Backed Securities (CMBS)

Commercial Mortgage Backed Securities (CMBS): Type of mortgage-backed security that is secured
by loans on commercial properties such as office buildings, retail buildings, apartment buildings, hotels,
y
p p
g
g p
g
etc. CMBS are typically classified by position in the capital structure (i.e. Super Senior, AM, AJ).
Super Senior: Most senior originally rated AAA bonds in a CMBS securitization with the highest level of
credit enhancement. Credit enhancement refers to the percentage of the underlying mortgage pool by
balance that must be written down before the bond experiences any losses. Super Senior bonds often
comprised 70% of a securitization and therefore had 30% credit enhancement at issuance.
AM: Mezzanine-level originally rated AAA bond. AM bonds often comprised 10% of a CMBS
securitization and therefore had 20% credit enhancement at issuance, versus 30% for Super Senior bonds.
AJ: The most junior bond in a CMBS securitization that attained a AAA rating at issuance.
8

Monthly 105(a) Report

January 2010

Appendix 3

Making Home Affordable Servicer Performance Report

Making Home Affordable Program
Servicer Performance Report Through December 2009

Overview of Administration Housing  Stability Initiatives
Initiatives to Support Access to Affordable Mortgage 
Credit and Housing
Lower Mortgage Rates and Access to Credit:
• Continued financial support to maintain affordable
mortgage rates through the Government Sponsored
Enterprises (GSEs)
• Interest rates down a full percentage point over the past
year. Every 1% reduction in interest rate saves a
borrower a median of $1500 annually in mortgage
payments.
• Access to sustainable mortgages through the Federal
Housing Administration (FHA).
State and Local Housing Initiatives:
• Access for Housing Finance Agencies to provide
mortgages to first-time homebuyers, refinance
opportunities for at-risk borrowers, and affordable rental
housing.
Tax Credits for Housing:
• Homebuyer credit to help homebuyers buy new homes.
• Low-Income Housing Tax Credit (LIHTC) programs to
support affordable rental housing.

Initiatives to Prevent Avoidable Foreclosures and 
Stabilize Neighborhoods
Making Home Affordable – Modifications:
• Goal of offering 3-4 million homeowners lower mortgage
payments through a modification through 2012.
• Over 900,000 homeowners have started trial
modifications and over 1 million offers for trial
modifications have been extended to borrowers.
• Homeowners in permanent modifications are saving a
median of over $500 per month on mortgage payments.
In aggregate, homeowners have saved over $1.5 billion
through modifications.
Making Home Affordable – Refinancing:
• Refinancing flexibility and low mortgage rates, which
have allowed over 3.8 million borrowers to refinance,
saving an estimated $150 per month on average and
more than $6.8 billion in total over the first year.
Neighborhood Stabilization and Community
Development Programs:
• Support for the hardest hit communities to help stabilize
neighborhoods.

1

Making Home Affordable Program
Servicer Performance Report Through December 2009

Housing Inventory
14

20
18
16
14
12
10
8
6
4
2
0

12
10

Months

Percent

Mortgage Rates

Conventional 30‐year 
Fixed Rate

Months' supply of existing homes 
at the current sales pace

8
6
4
2

10‐year Treasury Rate

Months' supply of new homes at 
the current sales pace

0
1999

1975 1978 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008
Source: Federal Reserve.

2005

2008

Source: National Association of Realtors.

Home Prices

New and Existing Home Sales

Index: Jan 2000 = 100

Sales of existing homes 
(right axis)

1,600

230
210
190
170
150
130
110
90
70
50
1999

2002

7,000

1,400
1,200

FHFA 
purchase‐only 
index

Loan Performance 
National Home Price 
Index

Thousands

Case/Shiller 20‐
city composite

6,000
5,000

1,000

4,000

800

Sales of new homes 
(left axis) 

600

3,000

400

2,000

200

1,000
0

0
2002

2005

Sources: S&P/Case-Shiller Home Price Index; LP/Haver Analytics; FHFA.

Note: Shaded areas indicate recessions.

2008

1999

2002

2005

2008

Source: National Association of Realtors, Census Bureau.

2

Making Home Affordable Program
Servicer Performance Report Through December 2009

HAMP Trials Started
(Cumulative, by Month)

Home Affordable Modification Program (HAMP)
Snapshot through December 2009

1,000,000

Number of Trial Period Plan Offers Extended to Borrowers
(Cumulative) 1

1,164,507

902,620

900,000

804,625

800,000

All HAMP Trials Started Since Program Inception2

902,620

All Active Modifications (Trial and Permanent)

853,696

Active Trial

Modifications2

787,231

698,481

700,000
600,000

545,408

500,000

413,391
400,000

Permanent Modifications3

66,465

Permanent Modifications Pending Borrower Acceptance4

46,056

200,000
100,000

Total Permanent Modifications Approved by Servicers5

269,955

300,000

112,521

152,965
54,161

0
1 Source:

Survey data provided by servicers.
reported by the HAMP system of record.
permanent modifications as reported by servicers into the HAMP system of record.
4 As reported by servicers in Treasury’s Conversion Campaign. Pending permanent modifications are those pending final signature of the
borrower plus completed modifications not yet in the HAMP system of record. While pending, modifications are reflected in the count of
active trials.
5 Permanent modifications in the HAMP system of record and pending modifications as reported by servicers in Treasury’s Conversion
Campaign. Pending permanent modifications are those pending final signature of the borrower plus completed modifications not yet in the
HAMP system of record. While pending, modifications are reflected in the count of active trials.

May and
Prior

2 As

June

July

August

September

October

November

December

3 Active

HAMP Program Highlights
Approximately 89% of eligible mortgage debt outstanding is covered
by HAMP participating servicers.

Source: All trial modifications started by month first payment posted; based on numbers reported by servicers to the HAMP system of record.

HAMP Trial Plans Offered to Borrowers
(Cumulative, by Month)
1,400,000

1,164,507

1,200,000

During the 4th quarter, the number of servicers who have signed
servicer participation agreements to modify loans under HAMP rose
from 63 to 102. In addition, approximately 2,300 lenders service loans
owned or guaranteed by Fannie Mae or Freddie Mac. These
servicers are automatically eligible to participate in HAMP.

1,032,837
919,965

1,000,000

757,955

800,000

571,354

600,000

In the 4th quarter, the volume of active trial and permanent
modifications rose by more than 75% from the 3rd quarter.
The December Conversion Campaign resulted in an increase in the
number of permanent modifications of more than 100%. In addition,
more than 46,000 offers for permanent modifications have been sent
to borrowers and will be reported to the HAMP system of record once
they have been signed and returned to the servicer.
Additional information on HAMP can be found on MakingHomeAffordable.gov
or by calling the Homeowner’s HOPE Hotline at 1-888-995-HOPE (4673).

406,542
400,000

242,366
200,000

105,806

0
May and
Prior

June

July

August

September

October

Source: Survey data provided by servicers. September data includes October 1. October data is 10/2 through 10/29.
November data is through Nov. 26.

November

December

3

Making Home Affordable Program
Servicer Performance Report Through December 2009

Predominant Hardship Reasons for Permanent Modifications

• Borrowers in active trial and permanent modifications
have saved more than $1.5 billion through HAMP
modifications.

Curtailment of 
Income 1

• Loss of income is the primary borrower hardship.

51.8%

Excessive 
Obligation

11.2%

Permanent Modifications by Waterfall Step:
Unemployment

Interest Rate Reduction

100%

Term Extension

43.2%

Principal Forbearance

26.6%

5.6%

Illness of Principal 
Borrower

2.7%

0%

10%

20%

30%

40%

50%

60%

1 Curtailment of income refers to borrowers who are employed but have faced a reduction in hours and/or wages.
Note: Does not include 19.3% of permanent modifications reported as Other.

Select Median Characteristics of Permanent Modifications
Before
Modification

After
Modification

Decrease

Front-End Debt-to-Income Ratio1

45.0%

31.0%

‐14.1 pct pts

Back-End Debt-to-Income Ratio2

72.2%

55.1%

‐14.7 pct pts

$1,418.93

$829.96

‐$516.14

Loan Characteristic

Median Monthly Payment3
1

Ratio of housing expenses (principal, interest, taxes, insurance and homeowners association and/or condo fees) to
monthly gross income. Decrease cited is median decrease.
2 Ratio of total monthly debt payments (including mortgage principal and interest, taxes, insurance, homeowners
association and/or condo fees, plus payments on installment debts, junior liens, alimony, car lease payments and
investment property payments) to monthly gross income. Decrease cited is median decrease.
3 Decrease cited is median decrease.

4

Making Home Affordable Program
Servicer Performance Report Through December 2009

HAMP Modification Activity by Servicer
Estimated
Eligible 60+ Day
Delinquency1

Trial Plan
Offers
Extended

All HAMP
Trials
Started

American Home Mortgage
Servicing Inc

124,262

14,243

10,918

Aurora Loan Services, LLC4

78,225

Servicer

Bank of America,

NA5

Active Trial
Permanent
Modifications 2 Modifications2

10,658

Permanent
Modifications
Pending3

232

Active Trials +
Permanents as
Share of Eligible
60+ Day
Delinquencies

Active Modifications as a Share of Estimated
Eligible 60+ Day Delinquencies
CitiMortgage

47%

Saxon

46%

9%
GMAC

41,259

36,618

21,912

4,682

2,737

1,046,008

292,305

206,775

200,287

3,183

Bank United

5,422

959

685

683

2

13%

Bayview Loan Servicing, LLC
Carrington Mortgage Services
LLC

10,183

4,170

3,653

3,398

106

CCO Mortgage

5,304

CitiMortgage,

Franklin Credit Management
Corporation
GMAC Mortgage, Inc.
Green Tree Servicing LLC

19%

J.P. Morgan Chase

34%

Inc. 6

9,178

44%

34%
36%

Select Portfolio

35%

Aurora

18,937

2,598

1,507

899

608

34%

8%
Wells Fargo

1,474

1,132

1,127

5

241,981

139,812

119,097

107,999

4,999

9,557

32

0

0

0

69,281
10,927

42,411
4,838

32,159
3,455

20,672
3,268

9,872
87

6,968

47%
0%

2,733

44%
31%

HomEq Servicing

41,817

2,630

1,753

1,662

0

J.P. Morgan Chase Bank, NA7

424,965

210,553

156,359

146,828

7,139

Litton Loan Servicing LP

111,260

25,641

21,113

17,377

959

16%

49,026

21,902

14,588

12,176

1,277

27%

Nationstar Mortgage LLC
Ocwen Financial Corporation,
Inc.
OneWest Bank

112,846

41,950

24,284

23,012

PNC Mortgage8

41,136

19,413

13,237

12,153

Saxon Mortgage Services, Inc.

72,709

39,843

36,406

30,914

2,497

64,797

17,557

12,884

7,427

34%

21%

4%
5,518

36%

Bayview

34%

Green Tree

31%

PNC Mortgage

30%

Nationstar

27%

US Bank

26%

OneWest

20%

1,226

21%

Ocwen

61

30%

21%

CCO

5,332

2,256

5,853

21%
20%

Bank of America

19%

46%

Select Portfolio Servicing

63,690

46,918

29,280

17,399

4,675

35%

Litton

US Bank NA

28,524

10,103

7,404

6,984

418

26%

Bank United

Wachovia Mortgage, FSB9

82,990

9,199

2,437

2,046

344

725

3%

Wells Fargo Bank, NA

350,169

172,541

126,413

110,284

8,424

10,088

34%

Other SPA servicers10

20,463

2,156

1,414

928

457

Other GSE Servicers11
Total

272,365

NA

39,049

27,138

9,880

3,356,844

1,164,507

902,620

787,231

66,465

7%

1 Estimated eligible 60+ day delinquent mortgages as reported by servicers as of
November 30, 2009 include conventional loans:
in foreclosure and bankruptcy.
with a current unpaid principal balance less than $729,750 on a one-unit property,
$934,200 on a two-unit property, $1,129,250 on a three-unit property and
$1,403,400 on a four-unit property.
on a property that was owner-occupied at origination.
originated prior to January 1, 2009.

Estimated eligible 60+ day delinquent loans excludes:
FHA and VA loans.
loans that are current or less than 60 days delinquent, which may be eligible for
HAMP if a borrower is in imminent default.
Servicers enrolling after December 1 did not participate in the 60+ day delinquency
survey; their delinquency count is from the servicer registration form.
2 Active trial and permanent modifications as reported into the HAMP system of record
by servicers.

3 As

16%
13%

American Home

9%

Carrington

25%

reported by servicers targeted in Treasury’s Conversion Campaign. Includes
permanent modifications pending final signature of the borrower plus completed
modifications not yet reported into the HAMP system of record. While pending,
modifications are reflected in the count of active trials.
4 Aurora Loan Services, LLC includes Aurora Financial Group.
5 Bank of America, NA includes Bank of America, NA, BAC Home Loans Servicing LP,
Home Loan Services and Wilshire Credit Corporation.
6 CitiMortgage, Inc. includes CitiMortgage, Inc. Master Servicing Division.
7 J.P. Morgan Chase Bank, NA includes EMC Mortgage Corporation.
8 Formerly National City Bank.
9 Wachovia Mortgage FSB includes Wachovia Bank NA.
10 Other SPA servicers are entities with less than 5,000 estimated eligible 60+ day
delinquencies that have signed participation agreements with Treasury and Fannie
Mae. A list of those servicers is available online at
http://www.makinghomeaffordable.gov/contact_servicer.html
11 Includes servicers of loans owned or guaranteed by Fannie Mae and Freddie Mac.

November

8%

14%
46,056

October

1

HomEq

December

4%

Wachovia

3%
0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

% of Eligible 60+ Day Loans in Active Trial
1 Bank United began participation on October 23, 2009.
Note: Includes active trial and permanent modifications. Servicer combinations
are the same as the table at left.
October trials as a share of 60+ day delinquencies on September 30, 2009.
November trials as a share of 60+ day delinquencies on October 31, 2009.
December trials as a share of 60+ day delinquencies on November 30, 2009.

5

Making Home Affordable Program
Servicer Performance Report Through December 2009

HAMP Activity by State

HAMP Activity by State

Permanent
Modifications
34

Total
493

State

AK

Active
Trials
459

AL

5,521

435

State

MT

Active
Trials
1,052

Permanent
Modifications
88

Total
1,140

5,956

NE

1,291

116

1,407

AR

2,182

228

2,410

NC

16,401

1,535

17,936

AZ

38,989

4,137

43,126

ND

190

15

205

CA

158,935

13,353

172,288

NH

3,498

351

3,849

CO

11,170

1,072

12,242

NJ

26,490

2,027

28,517

CT

10,063

802

10,865

NM

2,806

239

3,045

DC

1,428

105

1,533

NV

20,597

1,942

22,539

DE

2,560

250

2,810

NY

36,308

1,974

38,282

FL

96,703

8,405

105,108

OH

17,489

1,477

18,966

5,001 – 10,000

GA

31,147

2,627

33,774

OK

2,530

178

2,708

10,001 – 20,000

HI

2,714

240

2,954

OR

8,888

875

9,763

IA

2,554

174

2,728

PA

18,459

1,388

19,847

ID

3,167

308

3,475

RI

3,694

338

4,032

IL

41,793

3,149

44,942

SC

8,636

699

9,335

IN

8,821

718

9,539

SD

376

30

406

KS

2,428

172

2,600

TN

8,997

752

9,749

KY

3,479

258

3,737

TX

27,092

1,485

28,577

LA

4,990

289

5,279

UT

6,599

637

7,236

MA

17,817

1,619

19,436

VA

19,791

1,898

21,689

MD

25,847

2,270

28,117

VT

571

53

624

ME

2,120

190

2,310

WA

15,455

1,515

16,970

MI

26,777

2,326

29,103

WI

7,873

767

8,640

MN

14,813

1,527

16,340

WV

1,372

120

1,492

MO

9,980

668

10,648

WY

423

43

466

MS

3,210

307

3,517

Other*

611

222

833

* Includes Guam, Puerto Rico and the U.S. Virgin Islands.
Note: Figures include active trial and permanent modifications. They do not include
113 loans that did not have identifiable state data.

HAMP Modifications
5,000 and lower

20,001 – 35,000
35,001 and higher
Note: Includes active trial and permanent modifications from the official HAMP system of record.

Mortgage Delinquency Rates by State

60+ Day Delinquency Rate
5.0% and lower
5.01% - 10.0%
10.01% - 12.5%
12.51% and higher
Source: Mortgage Bankers Association. Data is as of 3rd Quarter 2009.

6

Making Home Affordable Program
Servicer Performance Report Through December 2009

15 Metropolitan Areas With Highest HAMP Activity

Metropolitan Statistical Area

New York-Northern New
Jersey-Long Island, NY-NJ-PA
Los Angeles-Long Beach-Santa
Ana, CA
Chicago-Naperville-Joliet,
IL-IN-WI
Miami-Fort LauderdalePompano Beach, FL
Riverside-San BernardinoOntario, CA
Phoenix-Mesa-Scottsdale, AZ

Active
Trials

Total
Permanent
HAMP
Modifications Activity

HAMP Modifications by Investor Type (20 Largest Servicers)
% of All
HAMP
Activity

48,692

3,056

51,748

6.1%

45,945

3,469

49,414

5.8%

40,291

3,036

43,327

5.1%

37,261

2,987

40,248

4.7%

36,671

3,383

40,054

4.7%

32,075

3,453

35,528

4.2%

2,446

29,647

3.5%

2,165

27,272

3.2%

Washington-ArlingtonAlexandria,
27,201
DC-VA-MD-WV
Atlanta-Sandy Springs-Marietta,
25,107
GA
Las Vegas-Paradise, NV

17,187

1,531

18,718

2.2%

Detroit-Warren-Livonia, MI

16,687

1,336

18,023

2.1%

Orlando-Kissimmee, FL

15,516

1,400

16,916

2.0%

13,994

1,125

15,119

1.8%

12,596

1,184

13,780

1.6%

12,136

1,237

13,373

1.6%

12,044

1,159

13,203

Servicer

GSE

Private Portfolio

Total

Bank of America, NA1
JP Morgan Chase NA2
Wells Fargo Bank, NA
CitiMortgage, Inc.
Saxon Mortgage Services Inc.
GMAC Mortgage, Inc.
Aurora Loan Services, LLC
OneWest Bank

128,699
68,140
90,757
74,098
1,206
17,089
15,647
14,937

65,404
63,956
22,910
7,252
31,882
13,455
10,639
8,012

9,367
21,871
5,041
31,648
323
0
308
1,289

203,470
153,967
118,708
112,998
33,411
30,544
26,594
24,238

Select Portfolio Servicing
Litton Loan Servicing LP3
Nationstar Mortgage LLC
Ocwen Financial Corporation, Inc.
PNC Mortgage4
American Home Mortgage
Servicing Inc
US Bank NA
Bayview Loan Servicing, LLC
Green Tree Servicing LLC
Wachovia Mortgage, FSB5
HomEq
Carrington Mortgage Services
LLC
Remainder of HAMP Servicers
Total

522
2,228
8,845
2,508
10,868

19,118
15,443
4,485
10,231
7

2,434
665
123
20
1,339

22,074
18,336
13,453
12,759
12,214

723
6,041
0
3,156
1,500
0

10,167
7
3,461
190
97
1,662

0
1,354
43
9
793
0

10,890
7,402
3,504
3,355
2,390
1,662

0
38,454
485,418

1,507
14
289,899

0
1,752
78,379

1,507
40,220
853,696

1.5%

Philadelphia-CamdenWilmington, PA-NJ-DE-MD
Boston-Cambridge-Quincy,
MA-NH
Minneapolis-St. PaulBloomington, MN-WI
Tampa-St. PetersburgClearwater, FL

1 Bank

of America, NA includes Bank of America, NA, BAC Home Loans Servicing LP, Home Loans Services and
Wilshire Credit Corporation.
Morgan Chase Bank, NA includes EMC Mortgage Corporation.
3 Loans previously reported as portfolio have been restated as private per supplemental guidance from Treasury.
4 Formerly National City Bank.
5 Wachovia Mortgage FSB includes Wachovia Bank NA.
2 J.P.

Note: Figures reflect active trials and permanent modifications.

Note: Figures include active trial and permanent modifications.
A complete list of HAMP activity for all MSAs is available at
http://www.financialstability.gov/docs/press/MSA%20Data%20December.pdf

7

Monthly 105(a) Report

January 2010

Appendix 4

Financial Statement

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
January 31, 2010

PERSONNEL SERVICES
NON-PERSONNEL
SERVICES

Budget
Object Class
(BOC)
1100 & 1200
2100
2200
2300
2400
2500
2600
3100
3200
4300

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
INTEREST & DIVIDENDS
NON-PERSONNEL SERVICES Total:

GRAND TOTAL:

$
$
$

$

Obligations
24,412,153
24,412,153
457,102
11,960
229,247
395
86,228,709
322,492
232,054
8
87,481,967

$
$111,894,120
,
,

$
$
$

$

Expenditures
23,907,124
23,907,124
432,335
11,960
89,085
395
51,786,939
320,452
222,675
8
52,863,849

76,770,973
,
,

For Period Ending
February 28, 2010

$

Projected
Obligations
26,972,000
26,972,000
498,000
12,000
229,000
400
89,866,000
344,000
232,000
8
91,181,408

$

Projected
Expenditures
26,478,000
26,478,000
478,000
12,000
105,000
400
55,421,000
341,000
223,000
8
56,580,408

$

118,153,408
,
,

$

83,058,408
,
,

$
$
$

$
$
$

U.S. Treasury Department
Office of Financial Stability
Troubled Asset Relief Program
Agreements Under TARP [Section 105(a)(3)(A)]
For Period Ending January 31, 2010
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
8/18/2009
9/2/2009
9/10/2009
9/14/2009
9/30/2009
12/8/2009
12/22/2009
12/22/2009
12/22/2009
12/22/2009
12/22/2009
12/22/2009
1/4/2010
1/15/2010
1/29/2010

Type of
Transaction
BPA
BPA
Financial Agent
BPA
BPA
IAA
BPA
BPA
Contract
BPA
IAA
Procurement
IAA
IAA
Procurement
BPA
IAA
IAA
Procurement
IAA
IAA
Procurement
IAA
BPA
Procurement
IAA
Contract
Contract
Financial Agent
Financial Agent
IAA
Contract
Contract
Contract
Financial Agent
Procurement
Contract
Contract
Contract
Contract
BPA
Procurement
Procurement
IAA
Financial Agent
Financial Agent
Financial Agent
IAA
Contract
IAA
IAA
Contract
Contract
Contract
IAA
IAA
Contract
Contract
Contract
Contract
Contract
IAA
Contract
Contract
Contract
Contract
Contract
BPA
Financial Agent
Financial Agent
Financial Agent
Financial Agent
Financial Agent
Financial Agent
IAA
Contract
Contract

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

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

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 Support
Administrative Support
Administrative Support
Legal Advisory
Administrative Support
Legal Advisory
Legal Advisory
Legal Advisory
Detailee
Administrative Support
Administrative Support
Administrative Support
Asset Management Services
Financial Advisory
Legal Services
Financial Advisory
Financial Advisory
Financial Advisory
Financial Advisory
Financial Advisory
Financial Advisory
Detailee
Administrative Support
Administrative Support

U.S. Treasury Department
Office of Financial Stability
Troubled Asset Relief Program
Insurance Contracts [Section 105(a)(3)(B)]
For Period Ending January 31, 2010

Name

Amount

Termination of the $5,000,000,000 Master Agreement
between Citigroup and the UST, and FDIC occurred on
December 23, 2009 due to the improvement of Citigroup's
financial condition and financial market stability.

U.S. Treasury Department
Office of Financial Stability
Troubled Asset Relief Program
Transactions Report [Section 105(3)(C, D, G)]
For Period Ending January 31, 2010
CAPITAL PURCHASE PROGRAM

Seller

Footnote

11

14

3a 11/24/2009

Purchase Date

Purchase Details

Name of Institution

City

State

Investment Description

Treasury Investment Remaining
After Capital Repayment

Capital Repayment Details

Investment Amount

Pricing
Mechanism

Capital
Repayment Date
12/9/2009
6/17/2009

4

6/17/2009
6/17/2009
6/17/2009
6/17/2009
12/23/2009

4

6/17/2009

Capital Repayment
Amount 6

Remaining Capital
Amount

Final Disposition

Remaining
Investment
Description

Final
Disposition
Date
8/5/2009

Warrants

R $
R
A
R
R

Disposition
Investment
Description

Charlotte
New York
New York
New York
New York
New York
Boston
San Francisco
Redding
Hendersonville
San Francisco
Chicago
Atlanta

11/14/2008

Broadway Financial Corporation

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

Washington Federal, Inc.
BB&T Corp.
Provident Bancshares Corp.
Umpqua Holdings Corp.
Comerica Inc.
Regions Financial Corporation
Capital One Financial Corporation
First Horizon National Corporation
Huntington Bancshares
KeyCorp

11/14/2008

Valley National Bancorp

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

Zions Bancorporation
Marshall & Ilsley Corporation
U.S. Bancorp
TCF Financial Corporation
First Niagara Financial Group
HF Financial Corp.
Centerstate Banks of Florida Inc.

NC
NY
NY
NY
NY
NY
MA
CA
CA
NC
CA
IL
GA

Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Common 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

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

Los Angeles

CA

Preferred Stock

$

9,000,000

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

$
$
$
$
$
$
$
$
$
$

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

Wayne

NJ

Preferred Stock w/ Warrants

$

300,000,000

Par

UT
WI
MN
MN
NY
SD
FL

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

$
$
$
$
$
$
$

1,400,000,000
1,715,000,000
6,599,000,000
361,172,000
184,011,000
25,000,000
27,875,000

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

$
$

0
0

Warrants
Warrants

$
$
$
$
$

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

$
$
$
$
$

0
0
0
0
0

Warrants
Warrants
Warrants
Warrants
Warrants

7/22/2009
12/10/2009
8/12/2009
7/8/2009

Warrants
Warrants
Warrants
Warrants

4

$

1,576,000,000

$

0

Warrants

8/26/2009

5/27/2009
6/17/2009

4

$
$

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

$
$

0
0

Warrants
Warrants

6/17/2009

4

$

3,555,199,000

$

0

Warrants

4

$

75,000,000

$

225,000,000

9/23/2009

4

$

125,000,000

$

100,000,000

4

$

100,000,000

$

0

6/17/2009
4/22/2009
5/27/2009
6/3/2009
9/30/2009

4

$
$
$
$
$

6,599,000,000
361,172,000
184,011,000
25,000,000
27,875,000

$
$
$
$
$

0
0
0
0
0

$

200,000,000

$

$

41,500,000

$

Final Disposition
Proceeds

Par

Seattle
Winston-Salem
Baltimore
Portland
Dallas
Birmingham
McLean
Memphis
Columbus
Cleveland

Salt Lake City
Milwaukee
Minneapolis
Wayzata
Lockport
Sioux Falls
Davenport

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
16,369,000
298,737,000
1,576,000,000
3,500,000,000

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

12/23/2009

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.

$
$

6/3/2009

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

15

Par
Par
Par
Par
Par
Par
Par

4

4
4
5
4

4

4
5
4
5
4

11/21/2008

City National Corporation

Beverly Hills

CA

Preferred Stock w/ Warrants

$

400,000,000

Par

12/30/2009

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

First Community Bankshares Inc.
Western Alliance Bancorporation
Webster Financial Corporation
Pacific Capital Bancorp
Heritage Commerce Corp.
Ameris Bancorp
Porter Bancorp Inc.
Banner Corporation
Cascade Financial Corporation
Columbia Banking System, Inc.
Heritage Financial Corporation

Bluefield
Las Vegas
Waterbury
Santa Barbara
San Jose
Moultrie
Louisville
Walla Walla
Everett
Tacoma
Olympia

VA
NV
CT
CA
CA
GA
KY
WA
WA
WA
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

$
$
$
$
$
$
$
$
$
$
$

41,500,000
140,000,000
400,000,000
180,634,000
40,000,000
52,000,000
35,000,000
124,000,000
38,970,000
76,898,000
24,000,000

Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par

7/8/2009

5

200,000,000
0

136,000,000

$
$
$
$

1,100,000,000
950,318,243
950,000,000
60,000,000

Warrants

R $

87,000,000

7/22/2009

Warrants

R $

67,010,402

12/3/2009

Warrants

A

7/15/2009
12/15/2009
6/24/2009
6/30/2009
10/28/2009

Warrants
Warrants
Warrants
Warrants
Warrants

9

$148,731,030

Preferred Stock w/
Warrants
Preferred Stock w/
Warrants
Warrants

Warrants
Warrants
Warrants
Warrants
Warrants
Preferred Stock w/
Warrants
Warrants

9

9

R
A
R
R
R

$
$
$
$
$

139,000,000
9,599,964
2,700,000
650,000
212,000

Page 4 of 32

Seller

Footnote

Purchase Date

Purchase Details

Name of Institution

City

State

Investment Description

Treasury Investment Remaining
After Capital Repayment

Capital Repayment Details

Investment Amount

Pricing
Mechanism

11/21/2008
11/21/2008

First PacTrust Bancorp, Inc.
Severn Bancorp, Inc.

Chula Vista
Annapolis

CA
MD

Preferred Stock w/ Warrants
Preferred Stock w/ Warrants

$
$

19,300,000
23,393,000

Boston Private Financial Holdings, Inc.

Boston

MA

Preferred Stock w/ Warrants

$

154,000,000

Par

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

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, Inc.
Encore Bancshares Inc.
Manhattan Bancorp
Iberiabank Corporation

Green Bay
Jackson
Lexington
Rosemont
Los Angeles
Melrose Park
Chicago
Itasca
Blairsville
Wheeling
Houston
El Segundo
Lafayette

WI
MS
SC
IL
CA
IL
IL
IL
GA
WV
TX
CA
LA

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

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

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

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

12/5/2008

Eagle Bancorp, Inc.

Bethesda

MD

Preferred Stock w/ Warrants

$

38,235,000

Par

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

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.

Olney
Fernandina Beach
Pasadena
Greenville
Springfield
Los Angeles
Winston-Salem

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

$
$
$
$
$
$
$

83,094,000
9,950,000
306,546,000
347,000,000
58,000,000
58 000 000
258,000,000
42,750,000

CVB Financial Corp

Ontario

CA

Preferred Stock w/ Warrants

$

130,000,000

Par

Remaining Capital
Amount

Disposition
Investment
Description

15

Final Disposition
Proceeds

Par
Par
Par
Par
Par
Par
Par

12/5/2008

Capital Repayment
Amount 6

Final Disposition
Final
Disposition
Date

Par
Par

11/21/2008

Capital
Repayment Date

Remaining
Investment
Description

Preferred Stock w/
Warrants

1/13/2010

4

$

50,000,000

$

12/9/2009

4

$

215,000,000

$

0

Warrants

12/30/2009

Warrants

R $

10,000,000

9/9/2009

4

$

75,000,000

$

0

Warrants

12/23/2009

Warrants

R $

950,000

9/16/2009
3/31/2009

4

$
$

1,700,000
90,000,000

$
$

0
0

10/14/2009
5/20/2009

Warrants
Warrants

R $
R $

63,364
1,200,000

$

15,000,000

$

23,235,000

Warrants
Warrants
Preferred Stock w/
Warrants

$

32,500,000

10/28/2009

Warrants

R $

1,307,000

12/23/2009

5

5

104,000,000

4

9

9

17
12

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
BNC Bancorp
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.
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

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
Wilmington
Lititz
New York
Hopkinsville
Flint
Columbus
Little Rock
Los Angeles
Greensboro

OH
SC
AL
OK
PR
KS
OH
CA
NC
MA
MO
NY
FL
NJ
MD
FL
WA
CA
IN
NC
WA
CA
OH
DE
PA
NY
KY
MI
IN
AR
CA
NC

Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Trust Preferred Securities w/ Warrants
Preferred Stock w/ Warrants
Trust Preferred Securities 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

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

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
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

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

97,500,000

9/2/2009
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
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

$
4

$

32,500,000 $

0

Preferred Stock w/
Warrants
Warrants

3/31/2009

4

$

28,000,000

$

0

Warrants

7/15/2009

4

$

7,000,000

$

0

Warrants

9/2/2009

Warrants

R $

225,000

3/31/2009

4

$

100,000,000

$

0

Warrants

5/8/2009

Warrants

R $

1,200,000

12/23/2009

5

$

235,000,000

$

0

Warrants

3/31/2009

4

$

120,000,000

$

0

Warrants

11/4/2009

4

$

75,000,000

$

0

Warrants

11/24/2009

Warrants

R $

2,650,000

8/26/2009

Page 5 of 32

Seller

Footnote

Purchase Date

2
2
2
3
2
2
2
2
2

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
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
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
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
Bancorp Rhode Island, Inc.
Hawthorn Bancshares, Inc.
The Elmira Savings Bank, FSB
Alliance Financial Corporation
Heartland Financial USA, Inc.
Citizens First Corporation
FFW Corporation
p
p
Plains Capital Corporation
Tri-County Financial Corporation
OneUnited Bank
Patriot Bancshares, Inc.
Pacific City Financial Corporation
Marquette National Corporation
Exchange Bank
Monadnock Bancorp, Inc.

Purchase Details

City
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
Providence
Lee's Summit
Elmira
Syracuse
Dubuque
Bowling Green
Wabash
Dallas
Waldorf
Boston
Houston
Los Angeles
Chicago
Santa Rosa
Peterborough

State
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
RI
MO
NY
NY
IA
KY
IN
TX
MD
MA
TX
CA
IL
CA
NH

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/ 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

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

Treasury Investment Remaining
After Capital Repayment

Capital Repayment Details

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
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
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

Pricing
Mechanism
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
Par
Par
Par
Par
Par
Par

Capital
Repayment Date

Capital Repayment
Amount 6

Remaining Capital
Amount

Remaining
Investment
Description

Final Disposition
Final
Disposition
Date

Disposition
Investment
Description

15

Final Disposition
Proceeds

5/5/2009

4

$

125,198,000

$

0

Warrants

11/18/2009

4

$

15,000,000

$

0

Warrants

12/16/2009

Warrants

R $

560,000

11/24/2009

4

$

22,000,000

$

0

Warrants

12/16/2009

Warrants

R $

568,700

5/27/2009

4

$

40,000,000

$

0

Warrants

6/24/2009

Warrants

R $

1,040,000

10/28/2009
12/23/2009

5

$
$

70,000,000
14,700,000

$
$

0
0

Warrants
Warrants

12/30/2009

Warrants

9

R $

900,000

11/18/2009

5

$

59,000,000

$

0

Warrants

12/23/2009

Warrants

9

R $

450,000

8/5/2009

4

$

30,000,000

$

0

Warrants

9/30/2009

Warrants

R $

1,400,000

5/13/2009

4

$

26,918,000

$

0

Warrants

6/17/2009

Warrants

R $

900,000

5

Page 6 of 32

Seller

Footnote

Purchase Date

2
2
2
2
2

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
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

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

16
2
1

Name of Institution
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.
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
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.
p
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

Purchase Details

City
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
Oakhurst
Monmouth
Westminster
Portland
Albemarle
Sun Valley
Kinston
Los Angeles
South Hill
Chula Vista
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

State
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
OH
MA
WI
TN
CA
OH
MD
UT
CA
TN
CA
GA
PA
OH
VA
NY
IA
MO
NC
OH
KY

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/ 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
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
Contingent Value Rights
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants

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

Treasury Investment Remaining
After Capital Repayment

Capital Repayment Details

38,000,000
36,282,000
6,000,000
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
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
125,000,000
30,000,000

Pricing
Mechanism
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
Par
Par
Par
Par
Par
Par

Capital
Repayment Date

Capital Repayment
Amount 6

Remaining Capital
Amount

11/24/2009

4

$

3,455,000

$

12/9/2009
4/22/2009

4

$
$

10,000,000,000
125,000,000

$
$

4

10,340,000

0
0

Remaining
Investment
Description

Final Disposition
Final
Disposition
Date

Disposition
Investment
Description

15

Final Disposition
Proceeds

Preferred Stock 2

Warrants
Warrants

5/27/2009

Warrants

R $

5,025,000

Page 7 of 32

Seller

Footnote

Purchase Date

Name of Institution

Purchase Details

City

State

Investment Description

Treasury Investment Remaining
After Capital Repayment

Capital Repayment Details

Investment Amount

Pricing
Mechanism

Capital
Repayment Date

Capital Repayment
Amount 6

Remaining Capital
Amount

4

1/9/2009

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

3

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
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

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
Codorus Valley Bancorp, Inc.
MidSouth Bancorp, Inc.
Fi t S
First Security Group, Inc.
it G
I
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.
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.
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

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
Ch tt
Easton
Louisville
Great Bend
Riverside
San Diego
Morehead City
San Luis Obispo
Redwood Falls
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

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
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

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
P f
d St k / W
t
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
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

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

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
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
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
36,000,000
18,980,000
26,440,000
57,000,000
45,000,000
20,600,000
73,000,000
32,538,000

Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
P
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
Investment
Description

Final Disposition
Final
Disposition
Date

Disposition
Investment
Description

15

Final Disposition
Proceeds

$

7,172,000

$

10/7/2009

4

$

5,000,000

$

0

Preferred Stock w/
Warrants
Warrants

4/8/2009

4

$

89,310,000

$

0

Warrants

5/27/2009

Warrants

R $

2,100,000

6/17/2009

4

$

3,388,890,000

$

0

Warrants

7/29/2009

Warrants

R $

340,000,000

4/22/2009

4

$

78,158,000

$

0

Warrants

5/27/2009

Warrants

R $

2,200,000

10/21/2009

4

$

13,400,000

$

0

Warrants

9/9/2009

4

$

100,000,000

$

0

Warrants

4/15/2009

4

$

25,000,000

$

0

Warrants

5/20/2009
5/20/2009

4

$
$

7,414,000
64,779,000

$
$

0
0

Warrants
Warrants

6/24/2009
6/24/2009

Warrants
Warrants

R $
R $

275,000
1,400,000

5/13/2009

4

$

75,000,000

$

0

Warrants

1/6/2010

4

21,513,000

Page 8 of 32

Seller

Footnote
2
2
2
2
2, 14
3
2
2
2
2
2
2
2
2
2
2
2
3
2
2

2
2, 13 12/4/2009

Purchase Date
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
1/23/2009
1/23/2009
1/23/2009
1/23/2009
1/23/2009
1/23/2009
1/23/2009

Purchase Details

Name of Institution
OceanFirst Financial Corp.
Community 1st Bank
TCB Holding Company, Texas Community Bank
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
The Baraboo Bancorporation
Bank of Commerce
State Bankshares, Inc.
BNCCORP, Inc.
First Manitowoc Bancorp, Inc.
Southern Bancorp, Inc.
Morrill Bancshares, Inc.
Treaty Oak Bancorp, Inc.
1st Source Corporation
Princeton National Bancorp, Inc.
AB&T Financial Corporation
First Citizens Banc Corp
WSFS Financial Corporation
Commonwealth Business Bank
Three Shores Bancorporation, Inc. (Seaside
National Bank & Trust)

2

1/23/2009

CalWest Bancorp

2
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
1/23/2009
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

Fresno First Bank
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

City
Toms River
Roseville
The Woodlands
Morgantown
Quincy
San Clemente
Oakland
Eureka
Boise
Boise
Bellevue
Vienna
Kansas City
Baraboo
Charlotte
Fargo
Bismarck
Manitowoc
Arkadelphia
Merriam
Austin
South Bend
Princeton
Gastonia
Sandusky
Wilmington
Los Angeles
Orlando
Rancho Santa
Margarita
Fresno
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

State

Investment Description

Treasury Investment Remaining
After Capital Repayment

Capital Repayment Details

Investment Amount

Capital Repayment
Amount 6

Remaining
Investment
Description

Pricing
Mechanism

Capital
Repayment Date
12/30/2009

5

$

38,263,000

$

0

4

$

15,000,000

$

0

Preferred Stock 2

8/12/2009

4

$

12,500,000

$

5/27/2009

4

$

12,000,000

$

0

4/22/2009

4

$

4,900,000

$

12/23/2009

4

$

10,189,000

$

12/16/2009

4

$

1,000,000

$

12/23/2009

5

$

22,000,000
22 000 000

$

Disposition
Investment
Description

Warrants

3/31/2009

Final Disposition
Final
Disposition
Date

NJ
CA
TX
WV
IL
CA
CA
CA
ID
ID
WA
VA
MO
WI
NC
ND
ND
WI
AR
KS
TX
IN
IL
NC
OH
DE
CA

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

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

38,263,000
2,550,000
11,730,000
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
12,000,000
11,000,000
13,000,000
3,268,000
111,000,000
25,083,000
3,500,000
23,184,000
52,625,000
7,701,000

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

FL

Preferred Stock w/ Exercised Warrants

$

5,677,000

Preferred Stock w/ Exercised Warrants

$

4,656,000

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 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

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

1,968,000
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
22 000 000
6,000,000
243,815,000
7,000,000
11,949,000
10,000,000
7,700,000
30,000,000

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

Final Disposition
Proceeds

4/15/2009

Preferred Stock

2, 7

R $

750,000

Preferred Stock 2

5/27/2009

Preferred Stock

2, 7

R $

600,000

0

Preferred Stock 2

4/22/2009

Preferred Stock

2, 7

R $

245,000

0

Preferred Stock 2

12/23/2009

Preferred Stock

2, 7

R $

509,000

37,500,000

Preferred Stock 2

Par

CA
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

15

Par

CA

Remaining Capital
Amount

2,240,000

0

Preferred Stock 2

Warrants

Page 9 of 32

Seller

Footnote

2
2
2
2
2
3
2
2
2
2
2
2
2
2
2
2
2, 13 10/30/2009
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

Purchase Date
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
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

Purchase Details

Name of Institution
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.
Bankers' Bank of the West Bancorp, Inc.
W.T.B. Financial Corporation
AMB Financial Corp.
Goldwater Bank, N.A.
Equity Bancshares, Inc.
WashingtonFirst Bankshares, Inc.
(WashingtonFirst Bank)
C t l Bancshares, Inc.
Central B
h
I
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.
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 Fi
Financial C
i l Corporation
ti
The Bank of Currituck
CedarStone Bank
Community Holding Company of Florida, Inc.
Hyperion Bank
Pascack Community Bank
First Western Financial, Inc.
QCR Holdings, Inc.

City

State

Middletown
Springfield
Annapolis
Downingtown
Alma
Visalia
Greer
Ojai
Ogallala
Manhattan Beach
Milwaukee
Boca Raton
Milford
Houlton
Little Rock
Marysville
Denver
Spokane
Munster
Scottsdale
Wichita

NJ
MO
MD
PA
MI
CA
SC
CA
NE
CA
WI
FL
NE
ME
AR
KS
CO
WA
IN
AZ
KS

Reston
Houston
H
t
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
S li b
Moyock
Lebanon
Miramar Beach
Philadelphia
Westwood
Denver
Moline

Investment Description

Capital Repayment Details

Investment Amount
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
12,639,000
110,000,000
3,674,000
2,568,000
8,750,000

Pricing
Mechanism

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
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

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

VA

Preferred Stock w/ Exercised Warrants

$

6,633,000

Preferred Stock w/ Exercised Warrants
P f
d St k / E
i dW
t
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
P f
d St k / E
i dW
t
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

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

5,800,000
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
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
17 000 000
4,021,000
3,564,000
1,050,000
1,552,000
3,756,000
8,559,000
38,237,000

Capital Repayment
Amount 6

Remaining Capital
Amount

Remaining
Investment
Description

Final Disposition
Final
Disposition
Date

Disposition
Investment
Description

15

Final Disposition
Proceeds

Par

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

Capital
Repayment Date

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

P
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
P
Par
Par
Par
Par
Par
Par
Par
Par

Page 10 of 32

Seller

Footnote

Purchase Date

Name of Institution

Purchase Details

City

State

Investment Description

Treasury Investment Remaining
After Capital Repayment

Capital Repayment Details

Investment Amount

Pricing
Mechanism

Capital
Repayment Date

Capital Repayment
Amount 6

Remaining Capital
Amount

4

Remaining
Investment
Description

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
2/13/2009
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

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
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.
Mid
Midwest R i
t Regional Bancorp, Inc.
lB
I
Bern Bancshares, Inc.
Northwest Bancorporation, Inc.
Liberty Bancshares, Inc.
F&M Financial Corporation
Meridian Bank
Northwest Commercial Bank
Royal Bancshares of 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
Lakeland Financial Corporation
First M&F Corporation
Southern First Bancshares, Inc.
Integra Bank Corporation
Community First Inc.
BNC Financial Group, Inc.

San Rafael
Crestview Hills
Medford
Baltimore
Asheboro
Neenah
Los Angeles
Horn Lake
Waynesville
Greenwood
Greenville
Corning
Basin
Lamar
Santa Paula
Frontenac
Hartsville
Lynden
Cerritos
Ozark
Corbin
Festus
F t
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

CA
KY
OR
MD
NC
WI
CA
MS
MO
MS
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

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 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
P f
d St k / E
i dW
t
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

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

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
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
700 000
985,000
10,500,000
21,900,000
17,243,000
6,200,000
1,992,000
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

Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
P
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

$

41,863,000

$

11/18/2009

2/13/2009

4

$

41,863,000

$

0

4

$

700,000
700 000

$

0

P f
Preferred St k 2
d Stock

Disposition
Investment
Description

11/10/2009

Preferred Stock
P f
d St k

15

Final Disposition
Proceeds

Preferred Stock w/
Warrants
Warrants

11/10/2009

Final Disposition
Final
Disposition
Date

9/2/2009

41,863,000

2,
2 7

R $

35 000
35,000

Page 11 of 32

Seller

Footnote

Purchase Date

2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2, 13 12/4/2009
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
2/27/2009
2/27/2009
2/27/2009
2/27/2009
2/27/2009
2/27/2009

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
2

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
3/13/2009

Purchase Details

Name of Institution

City

State

California Bank of Commerce
Columbine Capital Corp.
National Bancshares, Inc.
First State Bank of Mobeetie
Ridgestone Financial Services, Inc.
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.
FNB Bancorp
The Victory Bancorp, Inc.
(The Victory Bank)

Lafayette
Buena Vista
Bettendorf
Mobeetie
Brookfield
West Sacramento
Burley
Pittsburgh
Green City
Gothenburg
Clive
Minneapolis
Nowata
Garland
Salt Lake City
Many
Nashville
Ellicott City
South San Francisco

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

Limerick

Catskill Hudson Bancorp, Inc
Midtown Bank & Trust Company
HCSB Fi
Financial C
i l Corporation
ti
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, I
B
I d
d
Inc.
Haviland Bancshares, Inc.
1st United Bancorp, Inc.
Madison Financial Corporation
First National Corporation
St. Johns Bancshares, Inc.
Blackhawk Bancorp, Inc.

Rock Hill
Atlanta
Loris
L i
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
Sh ffi ld
Sheffield
Haviland
Boca Raton
Richmond
Strasburg
St. Louis
Beloit

Investment Description

Treasury Investment Remaining
After Capital Repayment

Capital Repayment Details

Investment Amount
4,000,000
2,260,000
24,664,000
731,000
10,900,000
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
12,000,000

Pricing
Mechanism

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

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

PA

Preferred Stock w/ Exercised Warrants

$

541,000

Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Warrants
P f
d St k / W
t
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
P f
dS k /E
i dW
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

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

3,000,000
5,222,000
12,895,000
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
21 100 000
425,000
10,000,000
3,370,000
13,900,000
3,000,000
10,000,000

Par
Par
P
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
P
Par
Par
Par
Par
Par
Par
Par

Capital Repayment
Amount 6

Remaining Capital
Amount

Final
Disposition
Date

Disposition
Investment
Description

Preferred Stock 2

11/18/2009

Preferred Stock

15

Final Disposition
Proceeds

Par

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
WI

Capital
Repayment Date

Final Disposition

Remaining
Investment
Description

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

11/18/2009

4

$

10,000,000

$

0

2, 7

R $

500,000

Page 12 of 32

Seller

Footnote
2, 3a 11/13/2009
2
2
2
2
2

Purchase Date

Name of Institution

Purchase Details

City

State

Investment Description

Capital Repayment Details

Investment Amount

Pricing
Mechanism

3/13/2009

IBW Financial Corporation

Washington

DC

Preferred Stock

$

6,000,000

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

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.
Trinity Capital Corporation
Clover Community Bankshares, Inc.
Pathway Bancorp

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

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/ 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

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

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
35,539,000
3,000,000
3,727,000

3/27/2009

Colonial American Bank

West Conshohocken

PA

Preferred Stock w/ Exercised Warrants

$

574,000

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

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
Omega Capital Corp.
Mackinac Financial Corporation
Birmingham Bloomfield Bancshares, Inc
Vision Bank - Texas
Oregon Bancorp, Inc.
Peoples Bancorporation, Inc.
Indiana Bank Corp.

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
Lakewood
Manistique
Birmingham
Richardson
Salem
Easley
Dana

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
CO
MI
MI
TX
OR
SC
IN

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
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

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

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
7 500 000
2,816,000
11,000,000
1,635,000
1,500,000
3,216,000
12,660,000
1,312,000

Disposition
Investment
Description

15

Final Disposition
Proceeds

Par

2
2
2
2
2
2
2
2

Remaining Capital
Amount

Final Disposition
Final
Disposition
Date

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

2

Capital Repayment
Amount 6

Remaining
Investment
Description

Par

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

Capital
Repayment Date

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

2, 3
2
2
2
2
2
2
2
2
3
2
2
2
2
2
2
2
2
2
2
2
2
2
2

Page 13 of 32

Seller

Purchase Details

Name of Institution

City

State

Footnote

Purchase Date

2
2
2
2
2

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

Business Bancshares, Inc.
Standard Bancshares, Inc.
York Traditions Bank
Grand Capital Corporation
Allied First Bancorp, Inc.

Clayton
Hickory Hills
York
Tulsa
Oswego

MO
IL
PA
OK
IL

8

4/24/2009

Frontier Bancshares, Inc.

Austin

TX

2
2
2
2

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

Village Bank and Trust Financial Corp
CenterBank
Georgia Primary Bank
Union Bank & Trust Company
HPK Financial Corporation

Midlothian
Milford
Atlanta
Oxford
Chicago

VA
OH
GA
NC
IL

8

5/1/2009

OSB Financial Services, Inc.

Orange

TX

8

5/1/2009

Security State Bank Holding-Company

Jamestown

ND

2
2
2

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

Highlands State Bank
One Georgia Bank
Gateway Bancshares, Inc.

Vernon
Atlanta
Ringgold

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

5/8/2009

p
Sword Financial Corporation

Horicon

WI

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

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

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.

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

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

5/15/2009

Market Street Bancshares, Inc.

Mt. Vernon

IL

2
2
2
2
2
2
2

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

The Landrum Company
First Advantage Bancshares Inc.
Fort Lee Federal Savings Bank
Blackridge Financial, Inc.
Illinois State Bancorp, Inc.
Universal Bancorp
Franklin Bancorp, Inc.

Columbia
Coon Rapids
Fort Lee
Fargo
Chicago
Bloomfield
Washington

MO
MN
NJ
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

5/22/2009

United Bank Corporation

Barnesville

GA

5/29/2009

Community Bank Shares of Indiana, Inc.

New Albany

IN

IL

Investment Description

Treasury Investment Remaining
After Capital Repayment

Capital Repayment Details

Investment Amount

Pricing
Mechanism

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

$
$
$
$
$

15,000,000
60,000,000
4,871,000
4,000,000
3,652,000
3,000,000

Par

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

$
$
$
$
$

14,738,000
2,250,000
4,500,000
3,194,000
4,000,000

Capital Repayment
Amount 6

Remaining Capital
Amount

Final Disposition
Final
Disposition
Date

Disposition
Investment
Description

15

Final Disposition
Proceeds

Par
Par
Par
Par
Par

$

Capital
Repayment Date

Remaining
Investment
Description

Par
Par
Par
Par
Par

$

6,100,000
10,750,000

$
$
$

3,091,000
5,500,000
6,000,000
3,000,000
4,000,000

$

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

$

5,586,000

Par

$

2,400,000

Par

$

1,100,000

Subordinated
Debentures 8

Par

$
$
$
$
$
$
$
$
$
$

1,400,000

Par

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

$

Par

$

1,600,000

Par
Par
Par

$

$

Par

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

4

Par

$

11/24/2009

Par

$

2,639,000

Par

$

20,300,000

Par

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
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants

$
$
$
$
$
$
$

15,000,000
1,177,000
1,300,000
5,000,000
6,272,000
9,900,000
5,097,000

Par
Par
Par
Par
Par
Par
Par

$

20,400,000

Par

$

6,349,000

Par

Preferred Stock w/ Warrants

$

2,993,000

Par

$

20,445,000

Par

$

14,400,000

Par

$

19,468,000

Par

Page 14 of 32

Seller

Purchase Details

Name of Institution

City

State

Footnote

Purchase Date

2
2
2
2
2

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

American Premier Bancorp
CB Holding Corp.
Citizens Bancshares Co.
Grand Mountain Bancshares, Inc.
Two Rivers Financial Group

Arcadia
Aledo
Chillicothe
Granby
Burlington

8

5/29/2009

Fidelity Bancorp, Inc

Baton Rouge

LA

8

5/29/2009

Chambers Bancshares, Inc.

Danville

AR

2

6/5/2009

Covenant Financial Corporation

Clarksdale

MS

8

6/5/2009

First Trust Corporation

New Orleans

LA

CA
IL
MO
CO
IA

8, 10

6/5/2009

OneFinancial Corporation

Little Rock

AR

2
2, 10
2
2, 10
2

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

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

Wyomissing
Vernon
Sylacauga
Newport News
Allison Park

PA
AL
AL
VA
PA

8, 10

6/12/2009

First Financial Bancshares, Inc.

Lawrence

KS

8

6/12/2009

River Valley Bancorporation, Inc.

Wausau

WI

2
2,
2 10

6/19/2009
6/19/2009

Merchants and Manufacturers Bank Corporation
RCB Financial Corporation

Joliet
Rome

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

6/19/2009

NEMO Bancshares Inc.

Madison

MO

3, 8

6/19/2009

University Financial Corp, Inc.

St. Paul

MN

8

6/19/2009

Suburban Illinois Bancorp, Inc.

Elmhurst

2
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
6/26/2009
6/26/2009

Hartford Financial Services Group, Inc.
Fidelity Resources Company
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.

Hartford
Plano
Waukesha
Houston
Batesville
Cordova
Stuart
Gold Canyon
Durham
Chicago
Chicago
Dalton

CT
TX
WI
TX
MS
TN
FL
AZ
NC
IL
IL
GA

IL

Investment Description

Capital Repayment Details

Investment Amount
1,800,000
4,114,000
24,990,000
3,076,000
12,000,000

Pricing
Mechanism

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

$

5,000,000
17,969,000

$

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

Disposition
Investment
Description

15

Final Disposition
Proceeds

Par

$
$
$
$
$

Remaining Capital
Amount

Final Disposition
Final
Disposition
Date

Par

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

Capital Repayment
Amount 6

Remaining
Investment
Description

Par

$

Capital
Repayment Date

Treasury Investment Remaining
After Capital Repayment

Par
Par
Par
Par
Par

Par
Par
Par
Par
Par

$

3,942,000

Par

$

19,817,000

Par

$

3,756,000

Par

$

15,000,000

Par

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

$
$

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

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

Par

Subordinated Debentures
Subordinated Debentures w/ Exercised
Warrants

$

11,926,000

Par

$

15,000,000

Par

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
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

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

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

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

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

$

12,000,000

Par

7/10/2009

Lincoln National Corporation

Radnor

PA

Preferred Stock w/ Warrants

$

950,000,000

Par

7/10/2009
7/17/2009

Bancorp Financial, Inc.
Brotherhood Bancshares, Inc.

Oak Brook
Kansas City

IL
KS

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

$
$

13,669,000
11,000,000

Par
Par

2, 10
2

$

24,900,000

Par

$

1,700,000

Par

$

35,000,000

Par

Page 15 of 32

Seller

Purchase Details

Name of Institution

City

State

Footnote

Purchase Date

2
2,3

7/17/2009
7/17/2009

SouthCrest Financial Group, Inc.
Harbor Bankshares Corporation

8

7/17/2009

First South Bancorp, Inc.

Lexington

TN

8

7/17/2009

Great River Holding Company

Baxter

MN

8, 10

7/17/2009

Plato Holdings Inc.

Saint Paul

MN

2, 10
2

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

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

Elkin
Kingman
Tampa

NC
AZ
FL

8

7/24/2009

First American Bank Corporation

Elk Grove Village

IL

2

7/31/2009

Chicago Shore Corporation

Chicago

IL

8, 10

7/31/2009

Financial Services of Winger, Inc.

Winger

MN

2
2
2
2

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

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

Terrell
Miami
Eden Prarie
Smithfield

TX
FL
MN
NC

Fayetteville
Baltimore

GA
MD

Investment Description

Capital Repayment Details

Investment Amount

Pricing
Mechanism

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

$
$

12,900,000
6,800,000
50,000,000
8,400,000

$

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

$

50,000,000

Par

$

7,000,000

Par

$

3,742,000

Par

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

$
$
$
$

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

Par
Par
Par
Par

$

5,000,000

Par

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

$
$
$

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

Par
Par
Par

$

9,720,000

Par

$

1,697,000

Final Disposition
Proceeds

Par
Par
Par

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

15

Par

$
$
$

Disposition
Investment
Description

Par

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

Remaining Capital
Amount

Final Disposition
Final
Disposition
Date

Par

$

Capital Repayment
Amount 6

Remaining
Investment
Description

Par
Par

$

Capital
Repayment Date

Treasury Investment Remaining
After Capital Repayment

Par

8

8/21/2009

AmFirst Financial Services, Inc.

McCook

NE

2, 3
2
2,
2 10

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

First Independence Corporation
First Guaranty Bancshares, Inc.
CoastalSouth Bancshares Inc
Bancshares, Inc.

Detroit
Hammond
Hilton Head Island

MI
LA
SC

8, 10

8/28/2009

TCB Corporation

Greenwood

SC

8, 10

9/4/2009

The State Bank of Bartley

Bartley

NE

9/11/2009

Pathfinder Bancorp, Inc.

Oswego

NY

Preferred Stock w/ Warrants

$

6,771,000

Par

2

9/11/2009

Community Bancshares of Mississippi, Inc.

Brandon

MS

Preferred Stock w/ Exercised Warrants

$

52,000,000

Par

2, 10
2, 10

9/11/2009
9/11/2009

Heartland Bancshares, Inc.
PFSB Bancorporation, Inc.

Franklin
Pigeon Falls

IN
WI

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

$
$

7,000,000
1,500,000

Par
Par

$

7,500,000

Par

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
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants

$
$
$
$

5,976,000
10,000,000
10,103,000
3,300,000

Par
Par
Par
Par

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

8

9/11/2009

First Eagle Bancshares, Inc.

Hanover Park

2, 10
2, 10
2, 10
2

9/18/2009
9/18/2009
9/25/2009
9/25/2009

IA Bancorp, Inc.
HomeTown Bankshares Corporation
Heritage Bankshares, Inc.
Mountain Valley Bancshares, Inc.

Iselin
Roanoke
Norfolk
Cleveland

NJ
VA
VA
GA

IL

8

9/25/2009

Grand Financial Corporation

Hattiesburg

MS

3, 8

9/25/2009

Guaranty Capital Corporation

Belzoni

MS

8, 10

9/25/2009

GulfSouth Private Bank

Destin

FL

8, 10

9/25/2009

Steele Street Bank Corporation

Denver

CO

2, 10
2, 10

10/2/2009
10/2/2009
10/23/2009

Premier Financial Bancorp, Inc.
Providence Bank
Regents Bancshares, Inc.

Huntington
Rocky Mount
Vancouver

WV
NC
WA

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

10/23/2009
10/30/2009
10/30/2009
11/6/2009
11/13/2009

Cardinal Bancorp II, Inc.
Randolph Bank & Trust Company
WashingtonFirst Bankshares, Inc.
F & M Bancshares, Inc.
Fidelity Federal Bancorp

Washington
Asheboro
Reston
Trezevant
Evansville

MO

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

11/13/2009
11/13/2009
11/20/2009
11/20/2009
11/20/2009

Community Pride Bank Corporation
HPK Financial Corporation
Presidio Bank
McLeod Bancshares, Inc.
Metropolitan Capital Bancorp, Inc.

Ham Lake
Chicago
San Francisco
Shorewood
Chicago

MN

NC
VA
TN
IN

IL
CA
MN
IL

$

2,443,320

Par

$

14,000,000

Par

$

7,500,000

Par

$

11,019,000

Par

$
$
$

22,252,000
4,000,000
12,700,000

Par
Par
Par

$
$
$
$
$

6,251,000
6,229,000
6,842,000
3,535,000
6,657,000

Par
Par
Par
Par
Par

$
$
$
$
$

4,400,000
5,000,000
10,800,000
6,000,000
2,348,000

Par
Par
Par
Par
Par

Page 16 of 32

Seller

Purchase Details

Name of Institution

City

Footnote

Purchase Date

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

12/4/2009
12/4/2009
12/4/2009
12/11/2009
12/11/2009

Broadway Financial Corporation
Delmar Bancorp
Liberty Bancshares, Inc.
First Community Financial Partners, Inc.
Wachusett Financial Services, Inc.

Los Angeles
Delmar
Fort Worth
Joliet
Clinton

State
CA
MD
TX
IL
MA

Investment Description
Preferred Stock
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
Preferred Stock
Preferred Stock
Preferred Stock

Capital Repayment Details

Investment Amount

Pricing
Mechanism

12/11/2009

Nationwide Bankshares, Inc.

West Point

NE

12/11/2009
12/11/2009
12/11/2009
12/11/2009
12/11/2009
12/11/2009
12/11/2009
12/18/2009
12/18/2009
12/18/2009
12/18/2009
12/18/2009
12/18/2009
12/18/2009
12/18/2009
12/22/2009
12/22/2009
12/22/2009
12/22/2009
12/22/2009
12/22/2009
12/29/2009
12/29/2009
12/29/2009

GrandSouth Bancorporation
1st Enterprise Bank
First Resource Bank
First Western Financial, Inc.
Meridian Bank
The Victory Bancorp, Inc.
First Business Bank, N.A.
Layton Park Financial Group
Centric Financial Corporation
Valley Financial Group, Ltd., 1st State Bank
Cache Valley Banking Company
Birmingham Bloomfield Bancshares, Inc
First Priority Financial Corp.
Northern State Bank
Union Bank & Trust Company
First Freedom Bancshares, Inc.
Fi t Choice Bank
First Ch i B k
Highlands State Bank
Medallion Bank
Catskill Hudson Bancorp, Inc
TriSummit Bank
Atlantic Bancshares, Inc.
Union Financial Corporation
Mainline Bancorp, Inc.

Greenville
Los Angeles
Exton
Denver
Devon
Limerick
San Diego
Milwaukee
Harrisburg
Saginaw
Logan
Birmingham
Malvern
Closter
Oxford
Lebanon
Cerritos
C it
Vernon
Salt Lake City
Rock Hill
Kingsport
Bluffton
Albuquerque
Ebensburg

SC
CA
PA
CO
PA
PA
CA
WI
PA
MI
UT
MI
PA
NJ
NC
TN
CA
NJ
UT
NY
TN
SC
NM
PA

8, 10

12/29/2009

FBHC Holding Company

Boulder

CO

2, 10a
2, 10a
2, 10a
2, 10a
2, 10a
2, 10a

12/29/2009
12/29/2009
12/29/2009
12/29/2009
12/29/2009
12/29/2009

Western Illinois Bancshares Inc.
DeSoto County Bank
Lafayette Bancorp, Inc.
Private Bancorporation, Inc.
CBB Bancorp
Illinois State Bancorp, Inc.

Monmouth
Horn Lake
Oxford
Minneapolis
Cartersville
Chicago

IL
MS
MS
MN
GA
IL

6,000,000
9,000,000
6,500,000
22,000,000
12,000,000

$

2,000,000
6,319,000
6,000,000
2,417,000
11,881,000
6,335,000
1,505,000
2,032,000
3,000,000
6,056,000
1,300,000
4,640,000
1,744,000
4,596,000
1,230,000
2,997,000
8,700,000
2,836,000
2 836 000
2,359,000
9,698,000
3,500,000
4,237,000
2,000,000
2,179,000
4,500,000
3,035,000

Preferred Stock w/ Exercised Warrants

4,567,000
1,508,000
2,453,000
3,262,000
1,753,000
4,000,000
204,894,726,320

Final Disposition
Proceeds

Par
Par
Par
Par
Par
Par

$

15

Par

$
$
$
$
$
$

Disposition
Investment
Description

Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
P
Par
Par
Par
Par
Par
Par
Par
Par

$

Remaining Capital
Amount

Final Disposition
Final
Disposition
Date

Par

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

Capital Repayment
Amount 6

Remaining
Investment
Description

Par
Par
Par
Par
Par

Total Purchase Amount

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

$
$
$
$
$

Capital
Repayment Date

Treasury Investment Remaining
After Capital Repayment

Preferred Stock w/ Exercised Warrants
Preferred Stock
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock
Preferred Stock
Preferred Stock
Preferred Stock
Preferred Stock
Preferred Stock w/ Exercised Warrants
Preferred Stock
P f
d St k
Preferred Stock
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
Preferred Stock
Preferred Stock
Preferred Stock
Preferred Stock
Preferred Stock

Total Capital Repayment Amount

TOTAL TREASURY CPP INVESTMENT AMOUNT

$

$ 121,942,369,000

Total Warrant Proceeds

$

4,028,274,703

82,952,357,320

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.
3a/ Treasury cancelled the warrants received from this institution due to its designation as a CDFI.
4/ Repayment pursuant to Title VII, Section 7001(g) of the American Recovery and Reinvestment Act of 2009.
5/ Redemption pursuant to a qualified equity offering.
6/ This amount does not include accrued and unpaid di id d which must b paid at th ti
Thi
td
ti l d
d d
id dividends, hi h
t be id t the time of capital repayment.
f
it l
t
7/ The proceeds associated with the disposition of this investment do not include accrued and unpaid dividends.
8/ Subchapter S corporation; Treasury received a warrant to purchase additional subordinated debentures (unless the institution is a CDFI), which it exercised immediately.
9/ In its qualified equity offering, this institution raised more capital than Treasury’s original investment, therefore, the number of Treasury’s shares underlying the warrant was reduced by half.
10/ This institution participated in the expansion of CPP for small banks.
10a/ This institution received an additional investment through the expansion of CPP for small banks.
11/ Treasury made three separate investments in Citigroup Inc. ("Citigroup") under 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 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 Series M. On 9/11/2009, Series M automatically converted to 7,692,307,692 shares of common stock and the associated warrant
terminated on receipt of certain shareholder approvals.
12/ On 8/24/2009, Treasury exchanged its Series C Preferred Stock issued by Popular, Inc. for a like amount of non tax-deductible Trust Preferred Securities issued by Popular Capital Trust III, administrative trustee for Popular, Inc. Popular, Inc. paid a $13 million exchange fee in connection with this transaction.
13/ This institution converted to a bank holding company structure and Treasury exchanged its securities for a like amount of securities that comply with the CPP terms applicable to bank holding companies. The institution in which Treasury's original investment was made is shown in parentheses.
14/ As of the date of this report, this institution is in bankruptcy proceedings.
15/ For final disposition of warrants, "R" represents proceeds from a repurchase of warrants by the financial institution, and "A" represents the proceeds to Treasury, before underwriting fees and selling expenses, from a sale by Treasury in a registered public offering of the warrants issued by the financial institution.
16/ On 12/10/2009, the bankruptcy reorganization plan of CIT Group Inc. became effective and Treasury's preferred stock and warrant investment were extinguished and replaced by Contingent Value Rights.
17/ On 12/11/2009, Treasury exchanged its Series A Preferred Stock issued by Superior Bancorp, Inc. for a like amount of non tax-deductible Trust Preferred Securities issued by Superior Capital Trust II, administrative trustee for Superior Bancorp.
Page 17 of 32

AUTOMOTIVE INDUSTRY FINANCING PROGRAM

Purchase

GMAC

5/21/2009
GMAC

Date
12/29/2008

City, State

Transaction
Type

Purchase

GMAC

Seller

Description
Preferred Stock w/ Exercised
$
Warrants
Convertible Preferred Stock
w/ Exercised Warrants

$

Pricing
Mechanism

Amount
5,000,000,000

7,500,000,000

Par

Date

Par

12/30/2009

22

12/30/2009

Type
Exchange for convertible
preferred stock
Partial exchange for common
stock

Pricing
Mechanism

Amount
$

5,000,000,000

N/A

$

3,000,000,000

Obligor
GMAC

N/A

GMAC

GMAC
Purchase

12/30/2009

Purchase

GMAC

12/29/2008

Purchase

12/31/2008

Purchase

Trust Preferred Securities w/
Exercised Warrants
Convertible Preferred Stock
w/ Exercised Warrants

GMAC

4/22/2009
5/20/2009

Purchase
Purchase

General Motors
Corporation
General Motors
Corporation
General Motors
Corporation
General Motors
Corporation

Debt Obligation

$

2,540,000,000
1,250,000,000

Par

$

884,024,131

Par

13,400,000,000

Par

Amount/Equity %
$

Type

Amount/ Proceeds

Remaining
Investment
Amount/Equity %

5,250,000,000

$

Date

Remaining
Investment
Description

4,875,000,000

Common Stock
3

56.3%
Common Stock

Par

$

Description
Convertible
Preferred Stock
Convertible
21, 22
Preferred Stock
21, 22

GMAC

Detroit, MI

12/30/2009

Payment or Disposition1

Treasury Investment After Exchange/Transfer/Other

Exchange/Transfer/Other Details

Initial Investment

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

2,000,000,000
4,000,000,000

Par
Par

22
2

5/29/2009
7/10/2009

4
5

7/10/2009
7/10/2009

Exchange for equity interest in
GMAC
Exchange for preferred and
common stock in New GM
Exchange for preferred and
common stock in New GM
Exchange for preferred and
common stock in New GM

$

884,024,131

N/A

$

13,400,000,000

N/A

$
$

2,000,000,000
4,000,000,000

N/A
N/A

6

3
7
7
7

General Motors
Company
General Motors
Company

10, 11
10, 11

Preferred Stock

$

Common Stock

2,100,000,000
60.8%

7

360,624,198

Par

6/3/2009

Purchase

General Motors
Corporation

Debt Obligation w/ Additional
$
Note

30,100,000,000

Par

Chrysler
FinCo

Chrysler FinCo

Debt Obligation w/ Additional
$
Note

1,500,000,000

Par

Exchange for preferred and
common stock in New GM

$

22,041,706,310

N/A

Transfer of debt to New GM

$

7,072,488,605

N/A

Debt left at Old GM

$

985,805,085

N/A

11, 12 Debt Obligation

$

7,072,488,605

4/29/2009
4/29/2009
Auburn Hills,
MI

Purchase
Purchase
Purchase

5/1/2009

Purchase

5/20/2009

Purchase

5/27/2009

Purchase

Debt Obligation w/ Additional
Note
Debt Obligation w/ Additional
Chrysler Holding
Note
Debt Obligation w/ Additional
Chrysler Holding
Note
Debt Obligation w/ Additional
Chrysler LLC
Note
Debt Obligation w/ Additional
Chrysler LLC
Note
Debt Obligation w/ Additional
Chrysler Group LLC
Note, Equity

Chrysler Holding

Total Initial Investment Amount

$

4,000,000,000

$

-

$

280,130,642

$

1,888,153,580

$

-

$

$

6,642,000,000

Par

6/10/2009

Transfer of debt to New
Chrysler

$

500,000,000

N/A

6,711,864,407
5,711,864,407

Partial repayment

$

35,084,421 Debt Obligation

$

5,676,779,986

Partial repayment

$

1,496,500,945

Partial repayment

$

1,464,690,823

Partial repayment

$

1,413,554,739

Partial repayment

$

1,369,197,029

Repayment

$

1,369,197,029

Repayment

$

15,000,000

Repayment

$

9
9
9

Motors Liquidation
Company

Debt Obligation

$

985,805,085

13

Par

$

7/10/2009

7/10/2009

7/10/2009
General Motors
Holdings LLC

N/A

$

3/17/2009

360,624,198

Farmington
Hills, MI

1/2/2009

Chrylser

Purchase

$

7/10/2009

8

Exchange for preferred and
common stock in New GM

7/10/2009

1/16/2009

7/10/2009

360,624,198 Debt Obligation

7/14/2009

Debt Obligation w/ Additional
$
Note

1,000,000,000 Debt Obligation

7/14/2009

General Motors
Corporation

$

6/17/2009

Purchase

$

5/18/2009

5/27/2009

Partial repayment

4/17/2009

Detroit, MI

12/18/2009 Partial repayment
1/21/2010

General
Motors

19

Chrysler Holding

20

Debt Obligation

$

$
$
$
$

Debt Obligation w/
3,499,055 Additional Note
Debt Obligation w/
31,810,122 Additional Note
Debt Obligation w/
51,136,084 Additional Note
Debt Obligation w/
44,357,710 Additional Note
Additional Note

$

None

0
-

3,500,000,000

14
15

280,130,642 Additional Note

$

0

16
N/A

17
18

6/10/2009

Issuance of equity in New
Chrysler

81,344,932,551

$

-

N/A

Chrysler Group
LLC
Chrysler Group
LLC

19

Debt obligation
Common equity

$

7,142,000,000
9.9%
Total Payments

Total Treasury Investment
Amount

$

3,190,839,261

$ 78,154,093,290

As used in this table and its footnotes:
"GMAC" refers to GMAC Inc., formerly known as GMAC LLC.
"Old GM" refers to General Motors Corporation, which is now known as Motors Liquidation Company.
"New GM" refers to General Motors Company, the company that purchased Old GM's assets on 7/10/2009 in a sale pursuant to section 363 of the Bankruptcy Code. See also footnote 11.
"Chrysler FinCo" refers to Chrysler Financial Services Americas LLC.
"Chrysler Holding" refers to CGI Holding LLC, the company formerly known as "Chrysler Holding LLC".

Page 18 of 32

"Old Chrysler" refers to Chrysler LLC.
"New Chrysler" refers to Chrysler Group LLC, the company that purchased Old Chrysler's assets on 6/10/2009 in a sale pursuant to section 363 of the Bankruptcy Code.

1. Payment amount does not include accrued and unpaid interest on a debt obligation, which must be paid at the time of principal repayment.
2. Treasury committed to lend General Motors Corporation up to $1,000,000,000. The ultimate funding was dependent upon the level of investor participation in GMAC LLC's rights offering. The amount has been updated to reflect the final level of funding.
3. Pursuant to its rights under the loan agreement with Old GM reported on 12/29/2008, Treasury exchanged its $884 million loan to Old GM for a portion of Old GM’s common equity interest in GMAC. Treasury held a 35.4% common equity interest in GMAC until the transactions reported on 12/30/2009. (See transactions marked by orange line in the table above and footnote 22.)
4. This transaction is an amendment to Treasury's 12/31/2008 agreement with Old GM (the "Old GM Loan"), which brought the total loan amount to $15,400,000,000.
5. This transaction was a further amendment to the Old GM Loan, which brought the total loan amount to $19,400,000,000.
6. This transaction was a further amendment to the Old GM Loan, which brought the total loan amount to $19,760,624,198. The $360,624,198 loan was used to capitalize GM Warranty LLC, a special purpose vehicle created by . 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 10.
7. On 7/10/2009, the principal amount outstanding under the Old GM Loan and interest accrued thereunder were extinguished and exchanged for privately placed preferred and common equity in New GM. (See green lines in the table above.)
8. Under the terms of the $33.3 billion debtor-in-possession credit agreement dated 6/3/2009 with Old GM (the "GM DIP Loan"), Treasury's commitment amount was $30.1 billion. The remaining $2.2 billion of the financing was provided by Canadian government entities. As of 7/09/2009, $30.1 billion of funds had been disbursed by Treasury.
9. On 7/10/2009, Treasury and Old GM amended the GM DIP Loan, and the principal amount and interest accrued thereunder were extinguished and exchanged for privately placed preferred and common equity in New GM, except for (i) $7.07 billion, which was assumed by New GM as a new obligation under the terms of a separate credit agreement between Treasury and New GM
(see transactions marked by green lines in table above) and (ii) $986 million, which remained a debt obligation of Old GM.
10. In total, for the exchange of the Old GM Loan and the GM DIP Loan (other than as explained in footnote 9), Treasury received $2.1 billion in preferred shares and 60.8% of the common shares of New GM. (See transactions marked by green lines in the table above.)
11. Pursuant to a corporate reorganization completed on or about 10/19/2009, the shareholders of New GM, including with respect to Treasury's preferred and common stock, became shareholders of General Motors Holding Company (the ultimate parent company of New GM), which was renamed "General Motors Company" on an equal basis to their shareholdings in New GM, and
New GM was converted to "General Motors LLC". General Motors LLC is a wholly owned subsidiary of General Motors Holdings LLC, and General Motors Holdings LLC is a wholly owned subsidiary of General Motors Company.
12. Pursuant to a corporate reorganization completed on 10/19/2009, Treasury's loan with New GM was assigned and assumed by General Motors Holdings LLC.
13. The loan was funded through Chrysler LB Receivables Trust, a special purpose vehicle created by Chrysler FinCo. The amount of $1,500,000,000 represents the maximum loan amount. The loan was incrementally funded until it reached the maximum amount of $1.5 billion on 4/9/2009.
14. This transaction was an amendment to Treasury's 1/2/2009 agreement with Chrysler Holding. As of 4/30/2009, Treasury's obligation to lend any funds committed under this amendment had terminated. No funds were disbursed.
15. The loan was used to capitalize Chrysler Warranty SPV LLC, a special purpose vehicle created by Old Chrysler.
16. This transaction was set forth in a credit agreement with Old Chrysler fully executed on 5/5/2009 following a term sheet executed on 5/1/2009 and made effective on 4/30/2009. Treasury's commitment was $3.04 billion of the total $4.1 billion debtor-in-possession credit facility (the "Chrysler DIP Loan"). As of 6/30/2009, Treasury's commitment to lend under the Chrysler DIP Loan
had terminated. The remaining principal amount reflects the final amount of funds disbursed under the Chrylser DIP Loan.
17. This transaction was an amendment to Treasury's commitment under the Chrysler DIP Loan, which increased Treasury's commitment by an amount $756,857,000 to a total of $3.8 billion under the Chrysler DIP Loan. As of 6/30/2009, Treasury's obligation to lend funds committed under the Chrysler DIP Loan had terminated.
18. This transaction, first reported based on a term sheet fully executed on 5/27/2009 for an amount up to $6.943 billion, was set forth in a credit agreement with New Chrysler fully executed on 6/10/2009. Under the terms of the credit agreement, Treasury made a new commitment to New Chrysler of up to $6.642 billion. The total loan amount is up to $7.142 billion including $500 million of debt assumed on
6/10/2009 from Chrysler Holding originally incurred under Treasury's 1/2/2009 credit agreement with Chrysler Holding. The debt obligations are secured by a first priority lien on the assets of New Chrysler. When the sale to new Chrysler was completed, Treasury acquired the rights to 9.85% of the common equity in new Chrysler.
19. Pursuant to the agreement explained in footnote 18, $500 million of this debt obligation was assumed by New Chrysler.
20. Under the terms of an agreement dated 7/23/2009, Treasury agreed to hold the outstanding loans of Chrysler Holding in forbearance, and Chrysler Holding agreed to pay the greater of $1.375 billion or 40% of the equity value of Chrysler FinCo in the event it receives proceeds from Chrysler FinCo.
21. Amount of the Treasury investment after exchange includes the exercised warrants from Treasury's initial investment.
22. Under the terms of an agreement dated 12/30/2009, the convertible preferred shares will mandatorily convert to common stock under the conditions and the conversion price as set forth in the terms of the agreement.

AUTOMOTIVE SUPPLIER SUPPORT PROGRAM
Adjustment Details
Adjustment
Adjusted Investment
Amount
Amount

Seller
Name of Institution

City

Footnote

Date

1

4/9/2009

GM Supplier Receivables LLC Wilmington

4/9/2009

Chrysler Receivables SPV
LLC

2

Wilmington

State

Transaction Type

DE

Purchase

Debt Obligation w/
Additional Note

$ 3,500,000,000

N/A

7/8/2009

3

$ (1,000,000,000) $

Purchase

Debt Obligation w/
Additional Note

$ 1,500,000,000

N/A

7/8/2009

3

$

DE

INITIAL TOTAL

Investment
Amount

Pricing Mechanism

Adjustment
Date

Investment
Description

$ 5,000,000,000

2,500,000,000

(500,000,000) $

ADJUSTED TOTAL

Repayment4
Date

Type

11/20/2009

Partial
repayment

Amount

$

140,000,000

1,000,000,000
$

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
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
3/ Treasury issued notice to the institution of the permanent reduced commitment on 7/8/2009; the reduction was effective on 7/1/2009.
4/ Does not include accrued and unpaid interest due on the amount of principal repayment, which interest must be paid at the time of principal repayment.

Page 19 of 32

TARGETED INVESTMENT PROGRAM

Seller

Footnote
1

Date

Name of Institution

12/31/2008 Citigroup Inc.
Bank of America
1/16/2009 Corporation

Treasury Investment Remaining After Capital
Repayment

Capital Repayment Details

City

State

Transaction
Type

New York

NY

Purchase

Charlotte

NC

Purchase

Investment Description
Investment Amount
Trust Preferred Securities
w/ Warrants
$
20,000,000,000
Preferred Stock w/
Warrants
$
20,000,000,000
TOTAL

$

40,000,000,000

Pricing
Mechanism

Capital
Repayment Date

Par

12/23/2009

Par

12/9/2009

Capital Repayment
Amount
2

Remaining
Capital Amount

Remaining Capital
Description

$

20,000,000,000

$

0

20,000,000,000

$

0

Warrants

$

Final
Disposition
Proceeds

Warrants

$

Final Disposition
Final
Disposition
Final Disposition Date
Description

40,000,000,000

2

AMOUNT

TOTAL TREASURY TIP INVESTMENT AMOUNT

$

0

1/ Treasury made three separate investments in Citigroup Inc. ("Citigroup") under CPP, TIP, and AGP for a total of $49 billion. On 6/9/2009, Treasury entered into an agreement with Citigroup to exchange all of Treasury’s investments. On 7/30/2009, Treasury exchanged all of its Fixed Rate Cumulative Perpet
Preferred Stock, Series I (TIP Shares) “dollar for dollar” for Trust Preferred Securities.
2/ Repayment pursuant to Title VII, Section 7001 of the American Recovery and Reinvestment Act of 2009.

ASSET GUARANTEE PROGRAM
Initial Investment
Footnote

Date

Seller
Name of Institution

City

State

Type

Premium
Description

Guarantee Limit

1

1/16/2009 Citigroup Inc.

New York

NY

Guarantee

Master Agreement

$

5,000,000,000

3

12/23/2009 Citigroup Inc.

New York

NY

Termination

Termination Agreement

$

Description
Preferred Stock
w/ Warrants
$

Amount

Exchange/Transfer/Other Details
Footnote

Date

2

6/9/2009

Type

Payment or Disposition
Description

Exchange preferred stock
Trust Preferred
for trust preferred securities Securities w/ Warrants

Amount

Footnote

$ 4,034,000,000

3

Date

Type

Partial cancellation for early
12/23/2009 termination of guarantee

Amount

Remaining Premium
Description

Trust Preferred
$(1,800,000,000) Securities w/ Warrants

Remaining
Premium

(5,000,000,000)

TOTAL

$

4,034,000,000

$2,234,000,000

0

1/ In consideration for the guarantee, Treasury received $4.03 billion of preferred stock, which pays 8% interest.
2/ Treasury made three separate investments in Citigroup Inc. ("Citigroup") under CPP, TIP, and AGP for a total of $49 billion. On 6/9/2009, Treasury entered into an agreement with Citigroup to exchange all of Treasury’s investments. On 7/30/2009, Treasury exchanged all of its Fixed Rate Cumulative Perpetual Preferred Stock Series G (AGP Shares), received as premium with the AGP agreement, “dollar for dollar” for
Trust Preferred Securities.
3/ On 12/23/2009, Treasury entered into a Termination Agreement with the other parties to the Master Agreement which served to terminate Treasury’s guarantee and obligations under the Master Agreement. In connection with the early termination of the guarantee, Treasury agreed to cancel $1.8 billion of the AGP Trust Preferred Securities, and the Federal Deposit Insurance Corporation (FDIC) and Treasury agreed
that, subject to the conditions set out in the Termination Agreement, the FDIC may transfer $800 million of Trust Preferred Securities to Treasury at the close of Citigroup’s participation in the FDIC’s Temporary Liquidity Guarantee Program.

Page 20 of 32

CONSUMER AND BUSINESS LENDING INITIATIVE INVESTMENT PROGRAM
Seller
Footnote
1

3/3/2009

Name of Institution

Date

TALF LLC

City
Wilmington

State

Transaction
Type

DE

Purchase

Investment Description
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.
AMERICAN INTERNATIONAL GROUP, INC. (AIG) INVESTMENT PROGRAM
(formerly referred to as Systemically Significant Failing Institutions)
Seller
Footnote
3

11/25/2008
4/17/2009

Name of Institution

Date
AIG
AIG

Purchase Details
City

New York
New York

State

Transaction
Type

NY
NY

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

$ 40,000,000,000

Par

69,835,000,000

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 additional 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 21 of 32

LEGACY SECURITIES PUBLIC-PRIVATE INVESTMENT PROGRAM (S-PPIP)

Seller

Footnote

Date

Name of Institution

Adjusted Investment

City

State

Transaction
Type

DE

Purchase

Investment Description

Investment Amount

Pricing
Mechanism

Date

Par

1/4/2009

3

Amount

Treasury Investment Remaining
After Capital Repayment

Capital Repayment Details
Repayment
Date

Repayment
Amount

Remaining Capital
Amount

Remaining Investment
Description

4
1

9/30/2009 UST/TCW Senior Mortgage Securities Fund, L.P.

Wilmington

Membership Interest

$

1,111,111,111

$

156,250,000

1/15/2010

$

156,250,000

$

1/11/2010

$

34,000,000

$

1/12/2010

$

166,000,000

$

$

356,250,000

4
2

9/30/2009 UST/TCW Senior Mortgage Securities Fund, L.P.

Wilmington

DE

Purchase

Debt Obligation w/ Contingent Proceeds

$

2,222,222,222

Par

1

9/30/2009 Invesco Legacy Securities Master Fund, L.P.

Wilmington

DE

Purchase

Membership Interest

$

1,111,111,111

9/30/2009 Invesco Legacy Securities Master Fund, L.P.

Wilmington

DE

Purchase

Debt Obligation w/ Contingent Proceeds

$

2,222,222,222

10/1/2009 Wellington Management Legacy Securities PPIF Master Fund, LP

Wilmington

DE

Purchase

Membership Interest

$

1,111,111,111

10/1/2009 Wellington Management Legacy Securities PPIF Master Fund, LP

Wilmington

DE

Purchase

Debt Obligation w/ Contingent Proceeds

$

2,222,222,222

10/2/2009 AllianceBernstein Legacy Securities Master Fund, L.P.

Wilmington

DE

Purchase

Membership Interest

$

1,111,111,111

10/2/2009 AllianceBernstein Legacy Securities Master Fund, L.P.

Wilmington

DE

Purchase

Debt Obligation w/ Contingent Proceeds

$

2,222,222,222

10/2/2009 Blackrock PPIF, L.P.

Wilmington

DE

Purchase

Membership Interest

$

1,111,111,111

10/2/2009 Blackrock PPIF, L.P.

Wilmington

DE

Purchase

Debt Obligation w/ Contingent Proceeds

$

2,222,222,222

10/30/2009 AG GECC PPIF Master Fund, L.P.

Wilmington

DE

Purchase

Membership Interest

$

1,111,111,111

10/30/2009 AG GECC PPIF Master Fund, L.P.

Wilmington

DE

Purchase

Debt Obligation w/ Contingent Proceeds

$

2,222,222,222

11/4/2009 RLJ Western Asset Public/Private Master Fund, L.P.

Wilmington

DE

Purchase

Membership Interest

$

1,111,111,111

$

502,302

$

20,594,174

Par

1

5

Par

2

Distribution

Par

1

1/29/2010

Par

2

20,091,872

N/A

Par

1

Proceeds
$

Par

2

Contingent Proceeds

5

Par

1

0

Description
Distribution

Par

2

200,000,000

Date
1/29/2010

Par

1

$

Membership Interest
Debt Obligation w/ Contingent
166,000,000 Proceeds

Par

2

1/4/2009

5

0

Distribution or Disposition

Par

2

11/4/2009 RLJ Western Asset Public/Private Master Fund, L.P.
,

Wilmington
g

DE

Purchase

Debt Obligation w/ Contingent Proceeds
g
g

$

2,222,222,222
,
,
,

Par

1

11/25/2009 Marathon Legacy Securities Public-Private Investment Partnership, L.P.

Wilmington

DE

Purchase

Membership Interest

$

1,111,111,111

Par

2

11/25/2009 Marathon Legacy Securities Public-Private Investment Partnership, L.P.

Wilmington

DE

Purchase

Debt Obligation w/ Contingent Proceeds

$

2,222,222,222

Par

1

12/18/2009 Oaktree PPIP Fund, L.P.

Wilmington

DE

Purchase

Membership Interest

$

1,111,111,111

Par

2

12/18/2009 Oaktree PPIP Fund, L.P.

Wilmington

DE

Purchase

Debt Obligation w/ Contingent Proceeds

$

2,222,222,222

Par

TOTAL INVESTMENT AMOUN T

$

30,000,000,000

TOTAL CAPITAL REPAYMENT AMOUNT

TOTAL PROCEEDS

1/ The equity amount may be incrementally funded. Investment amount represents Treasury's maximum obligation if the limited partners other than Treasury fund their maximum equity capital obligations.
2/ The loan may be incrementally funded. Investment amount represents Treasury's maximum obligation if Treasury and the limited partners other than Treasury fund 100% of their maximum equity obligations.
3/ Adjusted to show Treasury's final investment in a fund.
4/ On 1/4/2010, Treasury and the fund manager entered into a Winding-Up and Liquidation Agreement. The adjusted amount shows Treasury's final investments in the fund.
5/ Profit after capital repayments will be paid pro rata (subject to prior distribution of Contingent Proceeds to Treasury) to the fund's partners, including Treasury, in respect of their membership interests.

Page 22 of 32

HOME AFFORDABLE MODIFICATION PROGRAM
Servicer Modifying Borrowers' Loans

Adjustment Details

Name of Institution

Date

City

State

Transaction
Type

Investment Description

UT

Purchase

Financial Instrument for Home Loan Modifications

Cap of Incentive Payments
on Behalf of Borrowers and
to Servicers &
Pricing
1
Mechanism
Lenders/Investors (Cap)

Adjustment
Date
6/12/2009

4/13/2009

Select Portfolio Servicing

Salt Lake City

$

376,000,000

N/A

Cap Adjustment Amount
$

284,590,000

Adjusted Cap
$

660,590,000

CitiMortgage, Inc.

O'Fallon

MO

Purchase

Financial Instrument for Home Loan Modifications

$

2,071,000,000

N/A

$

121,910,000

$

782,500,000

$

131,340,000

$

913,840,000

6/12/2009
4/13/2009

9/30/2009
12/30/2009

$

(991,580,000) $

1,079,420,000

Purchase

Financial Instrument for Home Loan Modifications

$

2,873,000,000

633,000,000

N/A

N/A

4/13/2009

Saxon Mortgage Services, Inc.

Irving

TX

Purchase

Financial Instrument for Home Loan Modifications

$

407,000,000

N/A

4/13/2009

Chase Home Finance, LLC

Iselin

NJ

Purchase

Financial Instrument for Home Loan Modifications

$

3,552,000,000

N/A

4/16/2009

Ocwen Financial Corporation, Inc.

West Palm Beach

FL

Purchase

Financial Instrument for Home Loan Modifications

$

659,000,000

N/A

2,410,010,000

9/30/2009

$

65,070,000

$

1,213,310,000

$

3,688,390,000

$

384,650,000

$

1,017,650,000

9/30/2009

$

2,537,240,000

$

3,554,890,000

$

(1 679 520 000) $
(1,679,520,000)

1 875 370 000
1,875,370,000

$

225,040,000

$

632,040,000

9/30/2009

$

254,380,000

$

886,420,000

$

355,710,000

$

1,242,130,000

7/31/2009

$

(3,552,000,000) $

6/12/2009

PA

$

(462,990,000) $

12/30/2009

Ft. Washington

Financial Instrument for Home Loan Modifications

$

6/17/2009

GMAC Mortgage, Inc.

Purchase

1,984,190,000

12/30/2009

4/13/2009

IA

2,089,600,000

(105,410,000) $

6/12/2009

Des Moines

$

$

12/30/2009

Wells Fargo Bank, NA

$

6/17/2009
4/13/2009

9/30/2009
12/30/2009

1,010,180,000

$

(105,620,000) $

$

Simi Valley

CA

Purchase

Financial Instrument for Home Loan Modifications

Financial Instrument for Home Loan Modifications

$

$

798,900,000

1,864,000,000

N/A

N/A

$

5,540,000

$

9/30/2009

$

162,680,000

$

$

665,510,000

$

$

800,390,000

$

6/12/2009
4/17/2009 as
amended on Countrywide Home Loans Servicing LP
1/26/2010

Purchase

$
$

1/26/2010

CA

102,580,000
277,640,000

12/30/2009

Simi Valley

$
$

6/12/2009
4/17/2009 as
amended on Bank of America, N.A.
1/26/2010

9/30/2009
12/30/2009

$

3,318,840,000

$

2,475,080,000

Reason for Adjustment
Updated portfolio data from
servicer
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA i iti l cap
i
initial
Updated portfolio data from
servicer
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap

- Termination of SPA
Updated portfolio data from
553,380,000 servicer
Updated portfolio data from
655,960,000 servicer & HPDP initial cap
Updated portfolio data from
933,600,000 servicer & HAFA initial cap
Updated portfolio data from
804,440,000 servicer
Updated portfolio data from
967,120,000 servicer & HPDP initial cap
Updated portfolio data from
1,632,630,000 servicer & HAFA initial cap

9/30/2009

$

12/30/2009

$

2,290,780,000

$

2,433,020,000 Initial 2MP cap
Updated portfolio data from
5,182,840,000 servicer
Updated portfolio data from
4,465,420,000 servicer & HPDP initial cap
Updated portfolio data from
6,756,200,000 servicer & HAFA initial cap

1/26/2010

$

450,100,000

$

2

7,206,300,000 Initial 2MP cap

(717,420,000) $

Page 23 of 32

Servicer Modifying Borrowers' Loans

Name of Institution

Date

Adjustment Details

City

State

Transaction
Type

Investment Description

Cap of Incentive Payments
on Behalf of Borrowers and
to Servicers &
Pricing
Lenders/Investors (Cap) 1 Mechanism

Adjustment
Date

Cap Adjustment Amount

Adjusted Cap

6/12/2009

Wilshire Credit Corporation

Pittsburgh

Beaverton

PA

OR

Purchase

Purchase

Financial Instrument for Home Loan Modifications

Financial Instrument for Home Loan Modifications

$

$

319,000,000

366,000,000

N/A

N/A

$

128,300,000

$

447,300,000

$

46,730,000

$

494,030,000

$

145,820,000

$

639,850,000

6/12/2009
4/20/2009

Home Loan Services, Inc.

9/30/2009
12/30/2009

4/20/2009

$

87,130,000

$

453,130,000

Green Tree Servicing LLC

Saint Paul

MN

Purchase

Financial Instrument for Home Loan Modifications

$

156,000,000

N/A

$

(249,670,000) $

203,460,000

$

119,700,000

$

323,160,000

6/17/2009
4/24/2009

9/30/2009
12/30/2009

$

(64,990,000) $

91,010,000

Carrington Mortgage Services, LLC

Santa Ana

CA

Purchase

Financial Instrument for Home Loan Modifications

$

195,000,000

N/A

$

130,780,000 $

221,790,000

$

(116,750,000) $

105,040,000

6/17/2009
4/27/2009

9/30/2009
12/30/2009

$

(63,980,000) $

131,020,000

Aurora Loan Services, LLC

Littleton

CO

Purchase

Financial Instrument for Home Loan Modifications

$

798,000,000

N/A

$

90,990,000 $

222,010,000

$

57,980,000

$

279,990,000

6/17/2009
5/1/2009

9/30/2009
12/30/2009

$

(338,450,000) $

459,550,000

Nationstar Mortgage LLC

Lewisville

TX

Purchase

Financial Instrument for Home Loan Modifications

$

101,000,000

N/A

$

(11,860,000) $

447,690,000

$

21,330,000

$

469,020,000

6/12/2009
5/28/2009

9/30/2009
12/30/2009

$

16,140,000 $

117,140,000

134,560,000 $

Residential Credit Solutions

Fort Worth

TX

Purchase

Financial Instrument for Home Loan Modifications

$

80,250,000

$

331,950,000

9/30/2009

19,400,000 N/A

$
$
$

(1,860,000) $

17,540,000

12/30/2009

6/12/2009

9/30/2009
12/30/2009

$

27,920,000

45,460,000

$

VA

6/17/2009

RG Mortgage Corporation

San Juan

6/19/2009

First Federal Savings and Loan

Port Angeles

WA

6/19/2009

Wescom Central Credit Union

Anaheim

CA

6/26/2009

Citizens First Wholesale Mortgage Company

The Villages

PR

FL

Purchase

Purchase

Financial Instrument for Home Loan Modifications

$

Financial Instrument for Home Loan Modifications

$

Purchase

Financial Instrument for Home Loan Modifications

$

770,000

N/A

Purchase

Financial Instrument for Home Loan Modifications

$

540,000

N/A

Purchase

Financial Instrument for Home Loan Modifications

$

57,000,000 N/A

30,000

N/A

145,510,000

$

175,100,000

9/30/2009

16,520,000 N/A

$

$

(11,300,000) $

45,700,000

$

(42,210,000) $

3,490,000

12/30/2009

$

2,020,000 $

2,790,000

9/30/2009

$

330,000 $

870,000

12/30/2009

Glen Allen

$

12/30/2009

CCO Mortgage

9/30/2009
12/30/2009

6/17/2009

13,070,000 $

251,700,000

$

$

17,360,000

9/30/2009

$

(10,000)
(10 000) $

20 000
20,000

12/30/2009

$

590,000

16,490,000

$

29,590,000

610,000

Reason for Adjustment
Updated portfolio data from
servicer
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap

Page 24 of 32

Servicer Modifying Borrowers' Loans

Name of Institution

Date
6/26/2009

Adjustment Details

National City Bank

San Jose

State

Miamisburg

CA

Transaction
Type

OH

Purchase

Investment Description

Purchase

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

$
$

70,000
294,980,000

N/A

Adjustment
Date

Cap Adjustment Amount

Adjusted Cap

N/A

12/30/2009

$

2,180,000 $

2,250,000

9/30/2009

$

315,170,000 $

610,150,000

12/30/2009

6/26/2009

Technology Credit Union

City

Cap of Incentive Payments
on Behalf of Borrowers and
to Servicers &
Pricing
Lenders/Investors (Cap) 1 Mechanism

$

Bayview Loan Servicing, LLC

Des Moines

Coral Gables

IA

FL

Purchase

Purchase

Financial Instrument for Home Loan Modifications

Financial Instrument for Home Loan Modifications

$

$

634,010,000

44,260,000

N/A

9/30/2009

N/A

700,430,000

$

723,880,000 $

1,357,890,000

$

692,640,000

$

2,050,530,000

9/30/2009

$

23,850,000 $

68,110,000

12/30/2009

7/1/2009

Wachovia Mortgage, FSB

$

12/30/2009

7/1/2009

90,280,000

$

43,590,000

$

111,700,000

MorEquity, Inc.

Delray Beach

Evansville

OH

FL

IN

Purchase

Purchase

Purchase

Financial Instrument for Home Loan Modifications

Financial Instrument for Home Loan Modifications

Financial Instrument for Home Loan Modifications

$

$

$

100,000

870,000

23,480,000

N/A

N/A

N/A

$

150,000 $

250,000

130,000

$

380,000

9/30/2009

$

(10,000) $

860,000

$

250,000

$

1,110,000

9/30/2009

$

18,530,000 $

42,010,000

12/30/2009

7/17/2009

IBM Southeast Employees' Federal Credit Union

Mentor

$

12/30/2009

7/10/2009

Lake National Bank

9/30/2009
12/30/2009

7/10/2009

$

24,510,000

66,520,000

$

ShoreBank

West Salem

Chicago

PA

OH

IL

Purchase

Purchase

Purchase

Financial Instrument for Home Loan Modifications

Financial Instrument for Home Loan Modifications

Financial Instrument for Home Loan Modifications

$

$

$

54,470,000

170,000

1,410,000

N/A

N/A

N/A

$

(36,240,000) $

18,230,000

19,280,000

$

37,510,000

9/30/2009

$

(90,000) $

80,000

$

9/30/2009

$

12/30/2009

7/17/2009

Farmers State Bank

Pittsburgh

$

12/30/2009

7/17/2009

PNC Bank, National Association

9/30/2009
12/30/2009

7/17/2009

$

9/30/2009

$

130,000

890,000 $

50,000

2,300,000

Mortgage Center, LLC

Coppell

Southfield

TX

MI

Purchase

Purchase

Financial Instrument for Home Loan Modifications

Financial Instrument for Home Loan Modifications

$

$

1,272,490,000

4,210,000

N/A

N/A

3,560,000

$

(53,670,000) $

1,218,820,000

$

250,450,000

$

1,469,270,000

9/30/2009

$

1,780,000 $

5,990,000

12/30/2009

7/22/2009

American Home Mortgage Servicing, Inc

$

12/30/2009

7/22/2009

1,260,000

$

2,840,000

8,830,000

$

7/29/2009

Purdue Employees Federal Credit Union

Wachovia Bank, N.A.

St. Louis

West Lafayette

Charlotte

CA

MO

IN

NC

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

$

$

$

$

860,000

6,460,000

1,090,000

85,020,000

N/A

N/A

N/A

N/A

$

6,750,000

$

7,120,000

9/30/2009

$

(1,530,000) $

4,930,000

$

680,000

$

5,610,000

9/30/2009

$

(60,000)
(60 000) $

1 030 000
1,030,000

12/30/2009

7/29/2009

First Bank

San Diego

$

12/30/2009

7/29/2009

Mission Federal Credit Union

9/30/2009
12/30/2009

7/22/2009

(490,000) $

$

1,260,000

$

370,000

2,290,000

9/30/2009

$

(37,700,000) $

47,320,000

12/30/2009

$

26,160,000

73,480,000

$

Reason for Adjustment
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap

Page 25 of 32

Servicer Modifying Borrowers' Loans

Adjustment Details

Name of Institution

Date

City

State

Transaction
Type

Investment Description

Cap of Incentive Payments
on Behalf of Borrowers and
to Servicers &
Pricing
Lenders/Investors (Cap) 1 Mechanism

Adjustment
Date

Cap Adjustment Amount

EMC Mortgage Corporation

Lewisville

Lewisville

TX

TX

Purchase

Purchase

Financial Instrument for Home Loan Modifications

Financial Instrument for Home Loan Modifications

$

$

2,699,720,000

707,380,000

N/A

N/A

$
$

9/30/2009

$

12/30/2009

7/31/2009

J.P.Morgan Chase Bank, NA

9/30/2009
12/30/2009

7/31/2009

$

Adjusted Cap

(14,850,000) $
1,178,180,000

2,684,870,000

$

3,863,050,000

(10,000) $

707,370,000

502,430,000

$

1,209,800,000

HomEq Servicing

Oakland

North Highlands

IN

CA

CA

Purchase

Purchase

Purchase

Financial Instrument for Home Loan Modifications

Financial Instrument for Home Loan Modifications

Financial Instrument for Home Loan Modifications

$

$

$

420,000

140,000

674,000,000

N/A

N/A

N/A

$

180,000 $

600,000

(350,000) $

250,000

9/30/2009

$

290,000 $

430,000

$

$

640,000

9/30/2009

$

(121,190,000) $

552,810,000

12/30/2009

8/5/2009

Oakland Municipal Credit Union

Warsaw

$

12/30/2009

8/5/2009

Lake City Bank

9/30/2009
12/30/2009

8/5/2009

$

(36,290,000) $

516,520,000

210,000

Servis One, Inc.

Calasbasa

Titusville

TX

CA

PA

Purchase

Purchase

Purchase

Financial Instrument for Home Loan Modifications

Financial Instrument for Home Loan Modifications

Financial Instrument for Home Loan Modifications

$

$

$

774,900,000

6,210,000

29,730,000

N/A

N/A

N/A

$

313,050,000 $

1,087,950,000

275,370,000

$

1,363,320,000

9/30/2009

$

(1,200,000) $

5,010,000

$

30,800,000

$

35,810,000

9/30/2009

$

(25,510,000) $

4,220,000

12/30/2009

8/12/2009

PennyMac Loan Services, LLC

Houston

$

12/30/2009

8/12/2009

Litton Loan Servicing LP

9/30/2009
12/30/2009

8/12/2009

$

520,000

4,740,000

Stanford Federal Credit Union

Pasadena

Palo Alto

CA

CA

Purchase

Purchase

Financial Instrument for Home Loan Modifications

Financial Instrument for Home Loan Modifications

$

$

668,440,000

300,000

N/A

N/A

$
$

10/2/2009

$

12/30/2009

8/28/2009

OneWest Bank

10/2/2009
12/30/2009

8/28/2009

$

$

145,800,000 $
1,355,930,000

$

70,000 $
2,680,000

$

Vantium Capital, Inc.

Horicon

Plano

NC

WI

TX

Purchase

Purchase

Purchase

Financial Instrument for Home Loan Modifications

Financial Instrument for Home Loan Modifications

Financial Instrument for Home Loan Modifications

$

$

$

570,000

560,000

6,000,000

N/A

N/A

N/A

$

130,000 $
(310,000) $

10/2/2009

$

130,000 $

$

1,040,000

10/2/2009

$

1,310,000 $

12/30/2009

9/2/2009

Horicon Bank

Charlotte

$

12/30/2009

9/2/2009

RoundPoint Mortgage Servicing Corporation

10/2/2009
12/30/2009

8/28/2009

$

(3,390,000) $

$

9/9/2009

U.S. Bank National Association

CUC Mortgage Corporation

Lake Mary

Owensboro

Albany

FL

KY

NY

Purchase

Purchase

Purchase

Financial Instrument for Home Loan Modifications

Financial Instrument for Home Loan Modifications

Financial Instrument for Home Loan Modifications

$

$

$

1,250,000

114,220,000

4,350,000

N/A

N/A

N/A

$

280,000 $

$

(750 000) $
(750,000)

10/2/2009

$

24,920,000 $

12/30/2009

9/9/2009

Central Florida Educators Federal Credit Union

10/2/2009
12/30/2009

9/9/2009

$

49,410,000

10/2/2009

$

12/30/2009

$

$

950,000 $
5,700,000

$

Reason for Adjustment
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap
Updated portfolio data from
servicer & HPDP initial cap
Updated portfolio data from
servicer & HAFA initial cap

814,240,000 HPDP initial cap
Updated portfolio data from
2,170,170,000 servicer & HAFA initial cap
370,000 HPDP initial cap
Updated portfolio data from
3,050,000 servicer & HAFA initial cap
700,000 HPDP initial cap
Updated portfolio data from
390,000 servicer & HAFA initial cap
690,000 HPDP initial cap
Updated portfolio data from
1,730,000 servicer & HAFA initial cap
7,310,000 HPDP initial cap
Updated portfolio data from
3,920,000 servicer & HAFA initial cap
1,530,000 HPDP initial cap
Updated portfolio data from
780 000 servicer & HAFA initial cap
780,000
139,140,000 HPDP initial cap
Updated portfolio data from
188,550,000 servicer & HAFA initial cap
5,300,000 HPDP initial cap
Updated portfolio data from
11,000,000 servicer & HAFA initial cap

Page 26 of 32

Servicer Modifying Borrowers' Loans

Adjustment Details

Name of Institution

Date

City

State

Transaction
Type

TN

Purchase

Investment Description

Cap of Incentive Payments
on Behalf of Borrowers and
to Servicers &
Pricing
Lenders/Investors (Cap) 1 Mechanism

Adjustment
Date

Cap Adjustment Amount

Adjusted Cap

Allstate Mortgage Loans & Investments, Inc.

Oak Ridge

Ocala

FL

Purchase

Financial Instrument for Home Loan Modifications

Financial Instrument for Home Loan Modifications

$

$

2,070,000

250,000

N/A

N/A

$
$

10/2/2009

$

60,000 $

12/30/2009

9/11/2009

ORNL Federal Credit Union

10/2/2009
12/30/2009

9/11/2009

460,000 $

$

(80,000) $

2,730,000

$

Bay Federal Credit Union

Jersey City

Capitola

AR

NJ

CA

Purchase

Purchase

Purchase

Financial Instrument for Home Loan Modifications

Financial Instrument for Home Loan Modifications

Financial Instrument for Home Loan Modifications

$

$

$

280,000

27,510,000

410,000

N/A

N/A

N/A

$

10/2/2009

$

6,010,000 $

$

(19,750,000) $

10/2/2009

$

90,000 $

12/30/2009

9/16/2009

Franklin Credit Management Corporation

Little Rock

$

12/30/2009

9/11/2009

Metropolitan National Bank

10/2/2009
12/30/2009

9/11/2009

70,000 $

$

620,000

1,460,000

$

$

Glass City Federal Credit Union

Sacramento

Maumee

NY

CA

OH

Purchase

Purchase

Purchase

Financial Instrument for Home Loan Modifications

Financial Instrument for Home Loan Modifications

Financial Instrument for Home Loan Modifications

$

$

$

4,390,000

390,000

230,000

N/A

N/A

N/A

$

960,000 $
(3,090,000) $

10/2/2009

$

90,000 $

$

10/2/2009

$

60,000 $

12/30/2009

9/23/2009

Schools Financial Credit Union

Buffalo

$

12/30/2009

9/23/2009

AMS Servicing, LLC

10/2/2009
12/30/2009

9/23/2009

$

(10,000) $

940,000

$

Yadkin Valley Bank

Woodbridge

Elkin

NJ

NC

Purchase

Purchase

Financial Instrument for Home Loan Modifications

Financial Instrument for Home Loan Modifications

$

$

30,000

240,000

N/A

N/A

$
$

10/2/2009

$

12/30/2009

9/23/2009

Central Jersey Federal Credit Union

10/2/2009
12/30/2009

9/23/2009

10,000 $

$

350,000

100,000 $

120,000

60,000 $

SEFCU

Albany

10/14/2009 Great Lakes Credit Union

North Chicago

NY

Purchase

Financial Instrument for Home Loan Modifications

$

440,000

N/A

10/2/2009

$

12/30/2009

9/25/2009

$

$

20,000

$

$

IL

Purchase

Financial Instrument for Home Loan Modifications

$

570,000

N/A

12/30/2009

$

1,030,000 $

12/30/2009

10/14/2009 Mortgage Clearing Corporation

Tulsa

OK

Purchase

Financial Instrument for Home Loan Modifications

$

4,860,000

N/A

$

(2,900,000) $

10/21/2009 United Bank Mortgage Corporation

Grand Rapids

MI

Purchase

Financial Instrument for Home Loan Modifications

$

410,000

N/A

1/22/2010 $

20,000 $

10/23/2009 Bank United

Miami Lakes

FL

Purchase

Financial Instrument for Home Loan Modifications

$

93,660,000

N/A

1/22/2010 $

4,370,000 $

10/23/2009 IC Federal Credit Union

Fitchburg

MA

Purchase

Financial Instrument for Home Loan Modifications

$

760,000

N/A

1/22/2010 $

40,000 $

10/28/2009 H l
Harleysville N ti
ill National B k & T t C
l Bank Trust Company

Harleysville
H l
ill

PA

Purchase
P h

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

$

1,070,000
1 070 000

10/28/2009 Members Mortgage Company, Inc

Woburn

MA

Purchase

Financial Instrument for Home Loan Modifications

$

510,000

IL

Purchase

Financial Instrument for Home Loan Modifications

$

70,000

N/A

1/22/2010 $

10,000 $

Los Alamos

NM

Purchase

Financial Instrument for Home Loan Modifications

$

700,000

N/A

1/22/2010 $

40,000 $

Tampa

FL

Purchase

Financial Instrument for Home Loan Modifications

$

18,960,000

N/A

1/22/2010 $

890,000 $

310,000 HPDP initial cap
Updated portfolio data from
230,000 servicer & HAFA initial cap
350,000 HPDP initial cap
Updated portfolio data from
970,000 servicer & HAFA initial cap
33,520,000 HPDP initial cap
Updated portfolio data from
13,770,000 servicer & HAFA initial cap
500,000 HPDP initial cap
Updated portfolio data from
1,960,000 servicer & HAFA initial cap
5,350,000 HPDP initial cap
Updated portfolio data from
2,260,000 servicer & HAFA initial cap
480,000 HPDP initial cap
Updated portfolio data from
1,420,000 servicer & HAFA initial cap
290,000 HPDP initial cap
Updated portfolio data from
280,000 servicer & HAFA initial cap
40,000 HPDP initial cap
Updated portfolio data from
160,000 servicer & HAFA initial cap
300,000 HPDP initial cap
Updated portfolio data from
650,000 servicer & HAFA initial cap
540,000 HPDP initial cap
Updated portfolio data from
560,000 servicer & HAFA initial cap
Updated portfolio data from
1,600,000 servicer & HAFA initial cap
Updated portfolio data from
1,960,000 servicer & HAFA initial cap
Updated HPDP cap & HAFA
430,000 initial cap
Updated HPDP cap & HAFA
98,030,000 initial cap
Updated HPDP cap & HAFA
800,000 initial cap

N/A

Naperville

2,530,000 HPDP initial cap
Updated portfolio data from
5,260,000 servicer & HAFA initial cap

N/A

10/30/2009 DuPage Credit Union

Reason for Adjustment

11/6/2009 Los Alamos National Bank
11/18/2009 Quantum Servicing Corporation

Updated HPDP cap & HAFA
80,000 initial cap
Updated HPDP cap & HAFA
740,000 initial cap
Updated HPDP cap & HAFA
19,850,000 initial cap

Page 27 of 32

Servicer Modifying Borrowers' Loans

Date

Adjustment Details

Name of Institution

11/18/2009 Hillsdale County National Bank

City
Hillsdale

State

Transaction
Type

Investment Description

Cap of Incentive Payments
on Behalf of Borrowers and
to Servicers &
Pricing
Lenders/Investors (Cap) 1 Mechanism

MI

Purchase

Financial Instrument for Home Loan Modifications

$

1,670,000

N/A

Adjustment
Date

Cap Adjustment Amount

1/22/2010 $

80,000 $

11/18/2009 QLending, Inc.

Coral Gables

FL

Purchase

Financial Instrument for Home Loan Modifications

$

20,000

N/A

1/22/2010 $

- $

11/25/2009 Marix Servicing, LLC

Pheonix

AZ

Purchase

Financial Instrument for Home Loan Modifications

$

20,360,000

N/A

1/22/2010 $

950,000 $

11/25/2009 Home Financing Center, Inc

Coral Gables

FL

Purchase

Financial Instrument for Home Loan Modifications

$

230,000

Media

PA

Purchase

Financial Instrument for Home Loan Modifications

$

1,280,000

N/A

1/22/2010 $

50,000 $

12/4/2009 Community Bank & Trust Company

Clarks Summit

PA

Purchase

Financial Instrument for Home Loan Modifications

$

380,000

N/A

1/22/2010 $

10,000 $

12/4/2009 Idaho Housing and Finance Association

Boise

ID

Purchase

Financial Instrument for Home Loan Modifications

$

9,430,000

N/A

1/22/2010 $

440,000 $

12/9/2009 Spirit of Alaska Federal Credit Union

Fairbanks

AK

Purchase

Financial Instrument for Home Loan Modifications

$

360,000

N/A

1/22/2010 $

10,000 $

12/9/2009 American Eagle Federal Credit Union

East Hartford

CT

Purchase

Financial Instrument for Home Loan Modifications

$

1,590,000

N/A

1/22/2010 $

70,000 $

12/9/2009 Silver State Schools Credit Union

Las Vegas

NV

Purchase

Financial Instrument for Home Loan Modifications

$

1,880,000

N/A

1/22/2010 $

90,000 $

12/9/2009 Fidelity Homestead Savings Bank

New Orleans

LA

Purchase

Financial Instrument for Home Loan Modifications

$

2,940,000

N/A

1/22/2010 $

140,000 $

12/9/2009 Bay Gulf Credit Union

Tampa

FL

Purchase

Financial Instrument for Home Loan Modifications

$

230,000

N/A

1/22/2010 $

10,000 $

12/9/2009 The Golden 1 Credit Union

Sacramento

CA

Purchase

Financial Instrument for Home Loan Modifications

$

6,160,000

N/A

1/22/2010 $

290,000 $

12/9/2009 Sterling Savings Bank

Spokane

WA

Purchase

Financial Instrument for Home Loan Modifications

$

2,250,000

N/A

1/22/2010 $

100,000 $

12/11/2009 HomeStar Bank & Financial Services

Manteno

IL

Purchase

Financial Instrument for Home Loan Modifications

$

310,000

N/A

1/22/2010 $

20,000 $

12/11/2009 Glenview State Bank

Glenview

IL

Purchase

Financial Instrument for Home Loan Modifications

$

370,000

N/A

1/22/2010 $

20,000 $

12/11/2009 Verity Credit Union

Seattle

WA

Purchase

Financial Instrument for Home Loan Modifications

$

600,000

N/A

1/22/2010 $

30,000 $

12/11/2009 Hartford Savings Bank

Hartford

WI

Purchase

Financial Instrument for Home Loan Modifications

$

630,000

N/A

1/22/2010 $

30,000 $

12/11/2009 The Bryn Mawr Trust Co.

Bryn Mawr

PA

Purchase

Financial Instrument for Home Loan Modifications

$

150,000

N/A

12/16/2009 Citizens 1st National Bank

Spring Valley

IL

Purchase

Financial Instrument for Home Loan Modifications

$

620,000

N/A

1/22/2010 $

30,000 $

12/16/2009 Golden Plains Credit Union

Garden City

KS

Purchase

Financial Instrument for Home Loan Modifications

$

170,000

N/A

1/22/2010 $

10,000 $

12/16/2009 First Federal Savings and Loan Association of Lakewood

Lakewood

OH

Purchase

Financial Instrument for Home Loan Modifications

$

3,460,000

N/A

1/22/2010 $

160,000 $

12/16/2009 Sound Community Bank

Seattle

WA

Purchase

Financial Instrument for Home Loan Modifications

$

440,000

N/A

1/22/2010 $

20,000 $

12/16/2009 Horizon Bank, NA

Michigan City

IN

Purchase

Financial Instrument for Home Loan Modifications

$

700,000

N/A

1/22/2010 $

30,000 $

12/16/2009 Park View Federal Savings Bank

Solon

OH

Purchase

Financial Instrument for Home Loan Modifications

$

760,000

N/A

1/22/2010 $

40,000 $

12/23/2009 Iberiabank

Sarasota

FL

Purchase

Financial Instrument for Home Loan Modifications

$

4,230,000

N/A

1/22/2010 $

200,000 $

12/23/2009 Grafton Suburban Credit Union

North Grafton

MA

Purchase

Financial Instrument for Home Loan Modifications

$

340,000

N/A

1/22/2010 $

20,000 $

12/23/2009 Eaton National Bank & Trust Company

Eaton

OH

Purchase

Financial Instrument for Home Loan Modifications

$

60,000

N/A

1/22/2010 $

- $

1/22/2010 $

- $

Reason for Adjustment

Updated HPDP cap & HAFA
1,750,000 initial cap
Updated HPDP cap & HAFA
20,000 initial cap
Updated HPDP cap & HAFA
21,310,000 initial cap

N/A

11/25/2009 First Keystone Bank

Adjusted Cap

12/23/2009 Tempe Schools Credit Union

Tempe

AZ

Purchase

Financial Instrument for Home Loan Modifications

$

110,000

N/A

1/13/2010 Fresno County Federal Credit Union

Fresno

CA

Purchase

Financial Instrument for Home Loan Modifications

$

260,000

Roebling

NJ

Purchase

Financial Instrument for Home Loan Modifications

$

240,000

N/A

1/13/2010 First National Bank of Grant Park

Grant Park

IL

Purchase

Financial Instrument for Home Loan Modifications

$

140,000

Updated HPDP cap & HAFA
650,000 initial cap
Updated HPDP cap & HAFA
180,000 initial cap
Updated HPDP cap & HAFA
3,620,000 initial cap
Updated HPDP cap & HAFA
460,000 initial cap
Updated HPDP cap & HAFA
730,000 initial cap
Updated HPDP cap & HAFA
800,000 initial cap
Updated HPDP cap & HAFA
4,430,000 initial cap
Updated HPDP cap & HAFA
360,000 initial cap
Updated HPDP cap & HAFA
60,000 initial cap
Updated HPDP cap & HAFA
110,000 initial cap

N/A

1/13/2010 Roebling Bank

Updated HPDP cap & HAFA
1,330,000 initial cap
Updated HPDP cap & HAFA
390,000 initial cap
Updated HPDP cap & HAFA
9,870,000 initial cap
Updated HPDP cap & HAFA
370,000 initial cap
Updated HPDP cap & HAFA
1,660,000 initial cap
Updated HPDP cap & HAFA
1,970,000 initial cap
Updated HPDP cap & HAFA
3,080,000 initial cap
Updated HPDP cap & HAFA
240,000 initial cap
Updated HPDP cap & HAFA
6,450,000 initial cap
Updated HPDP cap & HAFA
2,350,000 initial cap
Updated HPDP cap & HAFA
330,000 initial cap
Updated HPDP cap & HAFA
390,000 initial cap
Updated HPDP cap & HAFA
630,000 initial cap
Updated HPDP cap & HAFA
660,000 initial cap

N/A

Page 28 of 32

Servicer Modifying Borrowers' Loans

Date

Adjustment Details

Name of Institution

1/13/2010 Specialized Loan Servicing, LLC

City
Highlands Ranch

State

Transaction
Type

CO

Purchase

Investment Description

Cap of Incentive Payments
on Behalf of Borrowers and
to Servicers &
Pricing
Lenders/Investors (Cap) 1 Mechanism

Financial Instrument for Home Loan Modifications

$

64,150,000

Adjustment
Date

Cap Adjustment Amount

Adjusted Cap

Reason for Adjustment

N/A

1/13/2010 Greater Nevada Mortgage Services

Carson City

NV

Purchase

Financial Instrument for Home Loan Modifications

$

770,000

N/A

1/15/2010 Digital Federal Credit Union

Marlborough

MA

Purchase

Financial Instrument for Home Loan Modifications

$

3,050,000

N/A

1/29/2010 iServe Residential Lending, LLC

San Diego

CA

Purchase

Financial Instrument for Home Loan Modifications

$

960,000

N/A

1/29/2010 United Bank

Griffin

GA

Purchase

Financial Instrument for Home Loan Modifications

$

540,000

N/A

Total Initial Cap $

23,664,950,000
TOTAL CAP

Total Cap Adjustments

$

13,207,430,000

$

36,872,380,000

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.
As used in this table:
"HAFA" means the Home Affordable foreclosure Alternatives program.
"HPDP" means the Home Price Decline Protection program.
"2MP" means the Second Lien Modification Program.

Page 29 of 32

U.S. Treasury Department
Office of Financial Stability
Troubled Asset Relief Program
Projected Costs and Liabilities [Section 105(a)(3)(E)]
For Period Ending January 31, 2010

Type of Expense/Liability

Amount

None
Note: Treasury interprets this reporting requirement as
applicable to costs and liabilities related to insurance contracts
entered into under the provisions of section 102 of the EESA;
and the single insurance contract with Citigroup was
terminated on December 23, 2009 .

U.S. Treasury Department
Office of Financial Stability
Troubled Asset Relief Program
Programmatic Operating Expenses [Section 105(a)(3)(F)]
For Period Ending January 31, 2010

Type of Expense
Compensation for financial agents
and legal firms

Amount

$177,870,226

U.S. Treasury Department
Office of Financial Stability
Troubled Asset Relief Program
Description of Vehicles Established [Section 105(a)(3)(H)]
For Period Ending January 31, 2010

Date

Vehicle
None

Description

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