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Troubled Asset Relief Program (TARP)
Monthly 105(a) Report – December 2010
January 10, 2011
This report to Congress is pursuant to Section 105(a) of the Emergency Economic Stabilization Act of 2008.
Monthly 105(a) Report
December 2010
Section
Page
TARP Enactment and End of Authority................................................................................................................................ 2
Where are TARP Funds? ...............................................................................................................................................
•
TARP Summary
•
Proceeds to Taxpayers
3
Program Updates ……………………………………………………………………………………………………........................ 4
•
Capital Purchase Program
•
Automotive Industry Financing Program
•
American International Group (AIG)
•
Housing Programs
For Your Information – Links to Other TARP Reports ……..………………………………………………….………………... 16
Appendix
Appendix 1 –
Treasury Estimates of the Impact of TARP Programs and Other Treasury Investments in AIG on the
Federal Budget
Appendix 2 –
Financial Statement
Monthly 105(a) Report
December 2010
Treasury is pleased to present the Monthly 105(a) Report for December 2010 for the Troubled Asset Relief Program, or TARP.
TARP Enactment and End of Authority
The TARP was established pursuant to the Emergency Economic Stabilization Act of 2008 or EESA. This law was adopted on October 3, 2008 in
response to the worst financial crisis since the Great Depression. Treasury has used the TARP 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, help prevent avoidable foreclosures and protect homeownership.
The second anniversary of the TARP in October 2010 marked the end of the authority to make new financial commitments.
The TARP was, and is, an enormous commitment of taxpayer money. And it has been unpopular for good reason—no one likes using tax dollars to
rescue financial institutions. However, by objective standards, TARP worked. It helped stop the widespread financial panic we faced in the fall of
2008 and helped prevent what could have been a devastating collapse of our financial system. Moreover, it did so at a cost that is far less than
what most people expected at the time the law was passed. Of course, TARP was not the answer to all of America’s challenges, and we have
many still ahead. The U.S. economy is healing but at a slower pace than we need. Millions of Americans are still out of work and at risk of losing
their homes. We still have much work to do to repair the damage from this crisis.
Going forward, our focus is to manage the TARP investments prudently while working to recover as much of the taxpayers’ funds as possible. We
will also continue our efforts to help distressed homeowners. And we will take these steps while maintaining comprehensive accountability and
transparency standards. Treasury aims to dispose of its investments as quickly as practicable, in a timely and orderly manner consistent with the
duty to protect financial stability and protect taxpayers’ interests.
The ultimate cost of TARP will depend on how financial markets and the economy perform in the future. 1 If financial and economic conditions
deteriorate, prospects for outstanding TARP investments will also deteriorate. Our most recent analysis of the potential lifetime cost of TARP
suggests that the total cost of TARP could be $45.9 billion, assuming the American International Group, Inc (AIG) restructuring is completed and
when measured at the October 1, 2010 market price. In addition, using the same assumptions, we estimate that the combined cost of TARP
programs and other Treasury interests in AIG will be about $30 billion. This is a notable decline from earlier estimates. 2
Treasury provided a detailed explanation of the projected costs for TARP, as of September 30, 2010, in the Financial Report for Fiscal Year 2010
for the Troubled Asset Relief Program, which was released in November. This report provides information on financial results relating to the TARP
as required by the Emergency Economic Stabilization Act and other laws. For the second consecutive year, the Office of Financial Stability has
earned unqualified or “clean” opinions on its financial statements and its internal control over financial reporting from the Government Accountability
Office, with no material weaknesses.
1
The Congressional Budget Office, in its November 2010 report on the TARP (www.cbo.gov/ftpdocs/119xx/doc11980/11-29-TARP.pdf), recently estimated the cost of TARP to the
federal government will amount to $25 billion.
2
Numbers in text and tables in this report may not add up because of rounding.
2
Monthly 105(a) Report
December 2010
Where are TARP Funds?
TARP Summary
Figure 1: Treasury Estimates of the Impact of TARP Programs and Other Treasury Investments in AIG on the Federal Budget ($ billions)
As of December 31, 2010
Commitments
Disbursed
Repayments
Income
Estimated
Lifetime
a
(Cost)/Gain
Investment Programs
Capital Purchase Program
$
204.89
$
204.89
Citigroup common stock
Targeted Investment Program
e
Asset Guarantee Program
$
40.00
$
40.00
$
5.00
$
0.00
Consumer and Business Lending Initiative
$
5.24
$
167.93 c $
24.11
$
25.00 d $
6.85
$
40.00
$
12.46
d
$
4.26
$
$
2.96
$
3.81
3.71 e
$
0.67
Term Asset Back ed Securities Lending Facility
$
0.10
$
0.33
Community Development Capital Initiative
$
0.21
$
(0.29)
SBA 7(a) Securities Purchase
$
0.37
$
0.00
Legacy Securities Public-Private Investment Program
$
22.41
$
15.56
AIG
$
69.84
$
67.84 f
Automotive Industry Financing Program
$
81.76
$
79.69
$429
Sub-Total Treasury Investment Programs
Treasury Housing Programs
Mak ing Home Affordable (HAMP and enhancements)
$
$
$409
45.63 h $
29.91
$
$
7.60
$
0.10
8.12
$
0.05
Total for TARP Program and Additional AIG Shares
•
0.43
$
0.21
(8.04) f
$
26.86 g $
3.47
$
$35
n/a
(14.80)
($3)
n/a
$
(45.63)
0.84
$
Additional AIG common shares held by Treasury i
$
$
1.00 h
Hardest Hit Fund
$475
0.59
$235
FHA Short Refinance Program
Total for TARP Programs
$
b
$410
$235
$35
($48)
$20
f, i
($28)
See Appendix 1 with a detailed presentation of Treasury Estimates of the Impact of TARP Programs and Other Treasury Investments in AIG on the
Federal Budget. Notes to the chart appear on following page. (Chart amended as of January 24, 2011 to reflect actual disbursements for AIG postRecapitalization.)
3
Monthly 105(a) Report
December 2010
a/ Income represents recurring dividends, interest payments, distributions, gains from warrant sales and other proceeds of TARP investments.
b/ Amounts in this column represents Treasury’s preliminary estimate of the lifetime cost of TARP as of November 30, 2010, and are subject to change.
See Appendix 1.
c/ Capital Purchase Program repayments do not reflect losses primarily from investments in failed institutions.
d/ From the $31.85 billion in proceeds from Citigroup common stock sales, $25 billion is reflected as repayment, and $6.85 billion is reflected as income.
e/ No funds were ever disbursed, and the guarantee under the Asset Guarantee Program was cancelled in December 2009. As a premium, Treasury
received $2.23 billion of securities from Citigroup that were sold in 2010, and income includes a termination fee paid by Bank of America. AGP
estimated lifetime gain includes $0.80 billion of securities that Treasury expects to receive from the Federal Deposit Insurance Corporation.
f/ Disbursed and estimated lifetime gain gives effect to the recapitalization described on pages 10-12.
g/ Automotive Industry Financing Program repayments do not reflect losses primarily from the sale of shares.
h/ Expenditures under the housing programs are made incrementally over time and are not expected to be repaid.
i/ Includes the value of additional shares of common stock to be received by Treasury from the trust created in connection with the Federal Reserve Bank of
New York credit facility, although these shares were not acquired with TARP funds. See Appendix 1.
Proceeds to Taxpayers
•
Cumulative income from TARP investments has reached more than $35 billion.
•
In December, Treasury received approximately $0.49 billion in dividends, interest and distributions from TARP investments.
Figure 2:
Total dividends, interest and other income from TARP programs through December 2010 ($ billions) 3
Targeted Investment Program
$3.0
Automotive Industry
Financing Program
$3.5
Asset Guarantee Program
$3.0
Capital Purchase Program
$17.2
CPP & TIP Warrant Proceeds
$8.2
Public-Private
Investment Program
$0.4
Total: $35.2 billion
3
Treasury’s Dividends and Interest Reports for TARP programs are available at www.FinancialStability.gov/latest/reportsanddocs.html. Certain proceeds from investments, e.g.
warrant dispositions, are stated on the Transactions Reports available at the same webpage.
4
Monthly 105(a) Report
December 2010
Program Updates
Completion of Citigroup Common Stock Sales
•
In December, Treasury completed the sale of all remaining shares of common stock in Citigroup, Inc. (Citigroup). Approximately 7.7 billion
shares were acquired under TARP in exchange for the $25 billion in preferred stock investment made under the Capital Purchase Program at a
price of $3.25 per share.
•
The final sale of approximately 2.4 billion shares was made pursuant to an underwritten offering. Proceeds were $10.5 billion, at a price per
share of $4.35. Treasury had previously sold 5.3 billion shares at an average price of $4.04 under four trading plans.
•
The average selling price for all 7.7 billion shares was $4.14 per share compared to a cost of $3.25 per share.
Figure 3: Cumulative income from TARP investments in Citigroup ($ billions)
Underwritten Offering of Common Shares (12/10)
Completed Common Stock Trading Plans (12/10)
1
Asset Guarantee Program TruPS Repurchase (9/10)
Targeted Investment Program Repayment (12/09)
Interest and Dividends
Total Proceeds
Total Investment
Realized Gain
2
$
$
$
10.50
21.34
2.25
20.00
2.94
57.03
45.00
$
12.03
1/
No funds were ever disbursed and the guarantee under the Asset Guarantee Program was cancelled in December 2009.
As a premium, Treasury received $2.23 billion of trust preferred securities (TruPS) that were sold in 2010.
2/
Excludes warrants held by Treasury from the Capital Purchase Program, Targeted Investment Program, and Asset
Guarantee Program investments, and approximately $0.80 billion of TruPS held by the FDIC for Treasury's benefit.
5
Monthly 105(a) Report
December 2010
Capital Purchase Program
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. Treasury estimates the program will result in a positive return for taxpayers. 4
Figure 4 shows the cumulative Capital Purchase Program activity since program inception.
Figure 4: Capital Purchase Program Snapshot
CPP Cumulative Investments
Amount Invested:
Number of Institutions:
Largest Investment:
Smallest Investment:
Bank s in 48 states, D.C. and Puerto Rico
CPP Repayments & Dispositions
Total Amount of Repayments: *
$205 billion
707
$25 billion
$301,000
CPP Income to Treasury
Total Dividends and Interest:
December Dividends and Interest:
$10.36 billion
$0.12 billion
Citigroup Income:*
$6.85 billion
$167.93 billion Total Warrant Income:**
$8.16 billion
CPP Repurchase Amount:
$3.15 billion
Number of Institutions Fully Repaid:
100
CPP & TIP Auction Amount:
$5.01 billion
Partially Repaid:
8
**Includes TIP warrants and proceeds from exercised warrants
Exchanged to CDCI:
28
7
Total in bankruptcy/receivership/sold:
In Bankruptcy/Receivership:
($2.98 billion)
3
Investments Sold:
*Repayment of $25 billion and income of $6.85 billion from completed Citigroup common stock sales that generated $31.85 billion of proceeds.
Dividends and Interest
•
Dividends and interest received in December under the Capital Purchase Program were approximately $0.12 billion.
•
Cumulative income received from Capital Purchase Program investments is approximately $10.36 billion.
4
Further information on the terms of the Capital Purchase Program is available at http://www.FinancialStability.gov/roadtostability/capitalpurchaseprogram.html.
6
Monthly 105(a) Report
December 2010
Repayments
•
In December, eighteen banks repaid $3.35 billion of repayments of their Capital Purchase Program investments, as shown in Figure 5.
•
Cumulative Capital Purchase Program repayments have reached nearly $168 billion, more than 80% of the $205 billion invested.
Figure 5: $3.35 Billion of Capital Purchase Program Repayments in December 2010
Institution
City, State
Repayment Amount
1
Huntington Bancshares
Columbus, OH
$
1,398,071,000
2
First Horizon National Corporation
Memphis, TN
$
866,540,000
3
Webster Financial Corporation
Waterbury, CT
$
200,000,000
4
East West Bancorp
Pasadena, CA
$
306,546,000
5
Susquehanna Bancshares, Inc
Lititz,PA
$
100,000,000
6
Wintrust Financial Corporation
Lake Forest, IL
$
250,000,000
7
1st Source Corporation
South Bend, IN
$
111,000,000
8
Sandy Spring Bancorp, Inc.
Olney, MD
$
41,547,000
9
Heritage Financial Corporation
Olympia, WA
$
24,000,000
10
First PacTrust Bancorp, Inc.
Chula Vista, CA
$
19,300,000
11
The Bank of Kentucky Financial Corporation*
Crestview Hills, KY
$
17,000,000
12
Capital Bancorp, Inc.
Rockville, MD
$
4,700,000
13
California Oaks State Bank
Thousand Oaks, CA $
3,300,000
14
United Financial Banking Companies, Inc.*
Vienna, VA
$
2,658,000
15
Surrey Bancorp
Mount Airy, NC
$
2,000,000
16
Nationwide Bankshares, Inc.
West Point, NE
$
2,000,000
17
Signature Bancshares, Inc.
Dallas, TX
$
1,700,000
18
Haviland Bancshares, Inc.
Haviland, KS
$
*Partial repayments
Total
425,000
$3.35 billion
•
Treasury continues to work with Federal banking regulators who must evaluate requests from banks interested in repaying the investments.
•
Of the $34 billion that remains invested under the program, approximately $17 billion consists of investments in 6 institutions.
7
Monthly 105(a) Report
December 2010
Figure 6: Top 25 Remaining Capital Purchase Program Investments by Institution
1
Institution
City, State
SunTrust Banks, Inc.
Atlanta, GA
Investment
Amount
$ 4,850,000,000
Institution
City, State
2
Regions Financial Corp./ Regions Bank Birmingham, AL
$ 3,500,000,000
14 Citizens Republic Bancorp, Inc.
e
15 Whitney Holding Corporation
New Orleans, LA
$ 300,000,000
3
Fifth Third Bancorp
Cincinnati, OH
$ 3,408,000,000
16 First Banks, Inc.
Clayton, MO
$ 295,400,000
4
$ 2,500,000,000
17 New York Private Bank & Trust Corp.
New York, NY
$ 267,274,000
5
KeyCorp/Keybank National Association Cleveland, OH
Marshall & Ilsley Corporation a
Milwaukee, WI
$ 1,715,000,000
18 Flagstar Bancorp, Inc.
Troy, MI
$ 266,657,000
6
Zions Bancorporation
Salt Lake City, UT
$ 1,400,000,000
19 Cathay General Bancorp/ Cathay Bank Los Angeles, CA
$ 258,000,000
7
Synovus Financial Corp.
Columbus, GA
$
20 PrivateBancorp, Inc.
Chicago, IL
$ 243,815,000
8
Popular, Inc.
M&T Bank Corporation b
San Juan, PR
$
935,000,000
21 International Bancshares Corporation
Laredo, TX
$ 216,000,000
Buffalo, NY
$
751,500,000
Chicago, Il
$ 196,000,000
10 Associated Banc-Corp
c
11 First Bancorp
Green Bay, WI
$
525,000,000
22 MB Financial Inc.
f
23 Pacific Capital Bancorp
San Juan, PR
$
424,174,000
24 First Midwest Bancorp, Inc.
Itasca, IL
$ 193,000,000
b
12 Wilmington Trust Corporation
d
13 Sterling Financial Corporation
Wilmington, DE
$
330,000,000
25 United Community Banks, Inc.
Blairsville, GA
$ 180,000,000
Spokane, WA
$
303,000,000
9
967,870,000
Total
Flint, MI
Investment
Amount
$ 300,000,000
Santa Barbara, CA $ 195,045,000
$24.52 billion
a/ See page 9 on the proposed acquisition of Marshall & Ilsley Corporation.
b/ M&T Bank Corporation (M&T) and Wilmington Trust Corporation (Wilmington) have agreed to merge. Completion, which is subject to conditions, includes the
assumption by M&T of Wilmington’s TARP preferred stock obligations.
c/ Treasury exchanged its preferred stock for mandatorily convertible preferred stock (MCP) with capitalized interest. Subject to the fulfillment by First BanCorp of certain
conditions, including those related to its capital plan, the MCP may be converted to common stock.
d/ Treasury exchanged its preferred stock for mandatorily convertible preferred stock (MCP). Sterling fulfilled the conversion conditions, including those related to its
capital plan, and Treasury’s MCP was converted into 378,750,000 shares of common stock.
e/ See page 9 on the proposed merger of Whitney Holding Corporation.
f/ Treasury exchanged its preferred stock for mandatorily convertible preferred stock (MCP) with capitalized dividends. Pacific Capital fulfilled the conversion conditions
and Treasury’s MCP was converted into 360,833,250 shares of common stock.
Exchanges and Sales
In limited cases, in order to protect the taxpayers’ interest in the value of an investment and to promote the objectives of EESA, Treasury may
exchange the CPP preferred stock for other securities or sell the preferred stock. Treasury evaluates whether to participate on the basis of enabling
the bank to (i) get new investors to provide additional capital, (ii) conduct a capital restructuring or (iii) strengthen its capital and financial condition.
Exchanges made on this basis may be at a rate less than par, and sales by Treasury to a new investor may be made at a discount.
•
On December 3, Treasury completed the sale to The Bank of Currituck (“Currituck”) for an aggregate repurchase price of $1,742,850 of all
preferred stock which Currituck had issued to Treasury in February 2009 for an aggregate purchase price of $4,021,000. Completion of the
8
Monthly 105(a) Report
December 2010
sale was subject to the fulfillment of certain closing conditions, including the closing of the sale to TowneBank, a Virginia chartered bank, of
all of Currituck’s branches and certain other assets.
Other
In December, public filings were made with respect to two Capital Purchase Program banks:
•
Hancock Holding Company, parent company of Hancock Bank, and Whitney Holding Corporation announced that they have entered into a
definitive agreement for Whitney to merge into Hancock in a stock-for-stock transaction. Subject to the receipt of requisite approvals,
Hancock expects to purchase from Treasury all of Whitney’s TARP preferred stock and warrants.
•
BMO Financial Group, parent company of The Bank of Montreal (BMO), and Marshall & Ilsley Corporation (M&I) announced that they have
entered into a definitive agreement for M&I to merge into BMO in a stock-for-stock transaction. Subject to the receipt of requisite approvals,
BMO expects to purchase from Treasury all of M&I’s TARP preferred stock and warrants.
Automotive Industry Financing Program (AIFP)
Ally Financial (GMAC)
On December 30, Treasury converted $5.50 billion of preferred stock in Ally Financial into common stock – a move designed to accelerate
Treasury’s ability to exit its investment in the company.
•
The conversion did not involve any new investment. Instead, Treasury converted a portion of the $11.44 billion in mandatorily convertible
preferred stock already received, which is designed to be converted into common stock in certain circumstances, including at the election of
Treasury. The conversion increased Treasury’s common equity stake in Ally Financial from 56 percent to 74 percent of total common
shares outstanding. Treasury converted its preferred stock at 1.0 times the book value of tangible common equity balance as of September
30, 2010, subject to certain adjustments.
•
After the conversion, Treasury holds $5.94 billion of mandatory convertible preferred stock in Ally Financial, as well as $2.67 billion of trust
preferred securities. Ally Financial also agreed to assist Treasury in the sale or sales of its holdings of TruPs on terms acceptable to
Treasury and Ally Financial as soon as practical subject to certain conditions.
9
Monthly 105(a) Report
December 2010
Figure 7: Treasury Investment in Ally Financial (GMAC) ($ billions)
Treasury Investment
8% Trust Preferred Securities
9% Mandatory Convertible Preferred Stock
Common Equity Ownership
Cumulative GMAC Income
Before 12/30/2010
$2.67
$11.44
56%
$1.94
After 12/30/2010
$2.67
$5.94
74%
$2.00
General Motors
•
In December, General Motors (GM) completed the repurchase of all GM preferred stock held by Treasury for total proceeds of $2.14 billion.
GM purchased Treasury’s 83,898,305 Series A shares at a price per share of $25.50, equal to 102 percent of the liquidation preference.
•
Taxpayers have now received a total of $23.33 billion from GM through repayments, interest, and dividends since the company emerged
from bankruptcy in July 2009. Treasury’s remaining investment in GM consists of 500,065,254 shares of common stock.
American International Group (AIG)
In December, AIG entered into a Master Transaction Agreement with Treasury, the Federal Reserve Bank of New York (FRBNY), certain special
purpose vehicles (SPVs) controlled by AIG 5 , and the trustees of the AIG Credit Facility Trust (the Trust) regarding a series of integrated
transactions (the Recapitalization), for the purpose of accelerating the repayment of U.S taxpayer funds and facilitating AIG’s transition from a
majority government owned and supported entity to a financially sound and independent entity. 6
Completion of the Recapitalization is expected to take place in early 2011, subject to a number of conditions, including obtaining regulatory
approvals, the availability of sufficient third-party liquidity for AIG and satisfactory rating profiles from rating agencies (the Closing). At that time, the
Federal Reserve loan will be paid off with no expected losses and Treasury’s existing preferred stock investment will be converted to common
shares. Treasury can then sell those shares publicly in order to recover taxpayer funds over time. Acting Assistant Secretary for Financial Stability
Timothy Massad said:
“[The Recapitalization] is a milestone in the government’s long-stated efforts to exit our investments in private companies as soon as
practical while protecting taxpayers. When all is said and done, we believe taxpayers will recover every dollar invested in AIG and stand a
good chance of making a profit."
5
In December 2009, the FRBNY received preferred equity interests in two SPVs formed to hold the outstanding stock of AIG’s largest foreign insurance subsidiaries, AIA and
ALICO, in exchange for a $25 billion reduction in the balance outstanding and maximum credit available under AIG’s credit facility with the FRBNY.
6
The Master Transaction Agreement supersedes and implements the agreement-in-principle signed among the parties in September 2010.
10
Monthly 105(a) Report
December 2010
Key elements of the Recapitalization include:
•
Repayment and termination of the FRBNY credit facility
At the Closing, AIG will repay the FRBNY in cash all amounts owing under the credit facility between AIG and the FRBNY. The total
repayment amount under the FRBNY Credit Facility is estimated to be $21 billion at Closing. The funds for repayment are to come
from the net cash proceeds from the sale in the initial public offering of 67 percent of AIA Group Limited (AIA) ordinary shares in
October and the sale of American Life Insurance Company (ALICO) in November. The FRBNY holds preferred interests in two AIGrelated special purpose vehicles (SPVs). The remaining net cash proceeds of approximately $6 billion will be distributed by the
SPVs to the FRBNY, in accordance with the terms of the SPVs’ limited liability company agreements.
•
Repurchase and exchange of the SPV preferred interests
AIG currently has the right to draw down approximately $22.3 billion pursuant to the agreement from April 2009 between AIG and
Treasury relating to the Series F preferred stock (the Series F Treasury Department Commitment). 7 AIG will designate up to
$2 billion of the Series F Treasury Department Commitment to be available for general corporate purposes under a new Series G
preferred stock. At the Closing, AIG will:
¾ Draw down the full amount of the Series F Treasury Department Commitment, less the approximately $2 billion to remain
available for the new Series G preferred stock.
¾ Use the drawn amounts to repurchase the FRBNY’s SPV preferred interests and then transfer the SPV preferred interests
to Treasury in exchange for the Series F preferred stock that Treasury received pursuant to the draw.
Over time, AIG will repay the SPV preferred interests from monetization of the non-cash assets of the SPVs such as sales of AIG
Star Life Insurance and AIG Edison Life Insurance, the remaining equity stake in AIA, the MetLife equity securities received from the
ALICO sale, and certain other designated assets. The aggregate value of the assets underlying the preferred interests in the SPVs
significantly exceeds the liquidation preference of the preferred interests. Treasury does not currently anticipate incurring any loss
from its purchase of the SPV preferred interests.
•
Issuance of Series G preferred stock
AIG and Treasury will amend and restate the Series F agreement to provide for the issuance of $2 billion of Series G preferred stock
by AIG to Treasury at the Closing. The right of AIG to draw on the Series F Treasury Department Commitment will be terminated,
and Treasury will exchange all of the outstanding shares of Series F preferred stock as described below.
7
As of December 31, 2010, AIG had drawn down approximately $7.5 billion from the Series F equity capital facility.
11
Monthly 105(a) Report
•
December 2010
Exchange of Series C, E and F preferred stock for AIG common stock
After the Closing, Treasury will hold 1,655,037,962 shares of newly issued AIG common stock, representing ownership of
approximately 92.1 percent of the AIG common stock then outstanding.
¾ The Trust will exchange its Series C preferred stock for 562,868,096 shares of AIG common stock. The Trust will then
distribute these common shares to be held by the Treasury Department. After the Recapitalization is completed, the Trust will
terminate.
¾ Treasury will exchange its Series E preferred stock for 924,546,133 shares of AIG common stock.
¾ Treasury will exchange its Series F preferred stock for (i) the transferred SPV preferred interests, (ii) newly issued shares of
the Series G preferred stock, and (iii) 167,623,733 shares of AIG common stock.
•
Registration Rights (to facilitate the sale of Treasury’s shares)
AIG will enter into a Registration Rights Agreement that grants Treasury certain rights to facilitate its sale of common shares
including participation in any public registered offering of common stock by AIG and causing AIG to facilitate underwritten and at-themarket offerings of Treasury’s common shares.
•
Treasury’s outstanding warrants
The warrants currently held by the Treasury Department will remain outstanding but no adjustment will be made to the terms of the
warrants as a result of the Recapitalization. 8
Housing Programs
HUD Housing Scorecard and Servicer Performance Report
In December, the U.S. Department of Housing and Urban Development (HUD) and Treasury released the Housing Scorecard
(www.HUD.gov/scorecard) on the nation’s housing market. Each month, the scorecard incorporates key housing market indicators and highlights
the impact of housing recovery efforts, including assistance to homeowners through the Federal Housing Administration (FHA) and the TARP Home
Affordable Modification Program (HAMP). The scorecard also incorporates the Making Home Affordable (MHA) Servicer Performance Report
Through November 2010, which is available at http://www.FinancialStability.gov/docs/Nov%202010%20MHA%20Report.pdf.
8
AIG will issue to its shareholders, by means of a dividend, 10-year warrants to purchase up to 75 million shares of AIG Common Stock in the aggregate at an exercise price of
$45.00 per share. None of the Trust, the Treasury Department or the FRBNY will receive such warrants.
12
Monthly 105(a) Report
December 2010
Key data on the health of the housing market presented in the scorecard includes:
•
As expected with the expiration of the Homebuyer Tax Credit, new and existing home sales have remained below levels seen in the first half
of 2010. At the same time, home prices remained level in the past year after 33 straight months of decline and homeowners added $95
billion in home equity in the second quarter.
•
More than 3.9 million loss mitigation actions were started between April 2009 and the end of October 2010 – more than double the number
of foreclosure completions (1.7 million) during that time. These actions included over 1.4 million HAMP trial modification starts, more than
600,000 FHA loss mitigation and early delinquency interventions, and nearly 1.8 million proprietary modifications under HOPE Now.
•
Data in the scorecard also show that the recovery in the housing market continues to remain fragile. While the recovery will take place over
time, the Administration remains committed to its efforts to prevent avoidable foreclosures and stabilize the housing market.
Highlights from the Servicer Performance Report Through November 2010 include:
Nearly 550,000 Homeowners Granted Permanent Modifications
•
Nearly 30,000 new permanent modifications reported in November.
•
More than 650,000 homeowners are currently receiving payment relief through active HAMP trial modifications and permanent
modifications.
•
For homeowners in permanent modifications, their median first-lien housing expense fell from 45% of their monthly income to 31%.
•
As servicers continue to work through the backlog of trials lasting six months or more, the number of these aged trials has fallen below
50,000.
Quarterly Results of Compliance Second-Look Reviews
•
Making Home Affordable-Compliance (MHA-C), a separate division of Freddie Mac created to serve as Treasury’s Compliance Agent for
HAMP, conducts Second Look reviews based on a statistical sample of homeowner loan files that are not in HAMP modifications to assess
servicer processes for the evaluation of eligible homeowners.
•
MHA-C disagreed with servicer decisions an average of 2.4% of the time in the 2nd quarter of 2010, lowering the year-to-date average to
2.9%.
13
Monthly 105(a) Report
December 2010
•
During this quarter, MHA-C was unable to determine whether the loan was properly evaluated for HAMP on average 15% of the time for the
servicers included in the MHA Monthly report, which is above the year-to-date average of 10%. As a result, MHA-C will be conducting
targeted follow-up activities to understand the cause(s) of this increase so that Treasury may determine appropriate remedial actions.
•
MHA-C performs follow-up activities on loans where MHA-C disagrees with servicer decisions or is unable to determine the appropriateness
of the disposition of the loan. To date, upon receipt of additional documentation, MHA-C has come to agree with 41% of those decisions with
which it had previously disagreed.
HAMP Foreclosure Fact Sheet
In the release of the December Housing Scorecard, Acting Assistant Secretary for Financial Stability Timothy Massad said "the recent reports of
problems in the foreclosure process underscore the importance of helping responsible homeowners avoid the pain of foreclosure. As we implement
additional program enhancements to reach more homeowners, we continue to stress to mortgage servicers the importance of making every effort to
enroll eligible homeowners in HAMP and provide meaningful alternatives to avoidable foreclosures."
HAMP includes a number of safeguards to help homeowners avoid foreclosure. Servicers may not proceed to foreclosure sale unless and until they
have tried these alternatives first. Servicers must issue a written certification to their foreclosure attorney or trustee stating that “all available loss
mitigation alternatives have been exhausted and a non-foreclosure option could not be reached.”
MHA Supplemental Directive 10-01 became effective on June 1, 2010 and requires participating servicers of non-GSE loans to:
•
Proactively reach out to all recently delinquent homeowners and evaluate them for HAMP modifications before referring them to foreclosure;
o The focus of this outreach effort is on early intervention. Servicers must attempt to contact all potentially eligible borrowers when they
are only two months delinquent and there is still a viable opportunity to save the loan.
•
Suspend foreclosure sales against homeowners who have applied for HAMP modifications, while their applications are pending;
•
Stop all pending foreclosure actions when a borrower makes the first payment on a fully verified trial plan (applies to all HAMP trial
modifications after June 1, 2010);
•
Evaluate whether homeowners who do not qualify for HAMP (or who have fallen out of HAMP) qualify for alternative loss mitigation
programs (which may include a short sale or deed-in-lieu of foreclosure) or private modification programs; and
•
Provide a written explanation using plain language denial explanations to any borrower who is not eligible for modification and delay
foreclosure for at least 30 days to give the homeowner time to appeal.
14
Monthly 105(a) Report
December 2010
Servicers may not proceed to foreclosure sale unless and until they have tried to implement these safeguards. Additionally, participating servicers
may not conduct a foreclosure sale until they have issued a written certification to their foreclosure attorney or trustee stating that “all available loss
mitigation alternatives have been exhausted and a non-foreclosure option could not be reached.” On October 6, 2010, Treasury reminded
participating servicers in writing of this pre-foreclosure certification requirement.
Treasury also recently instructed MHA-C to increase compliance reviews of the internal policies and procedures developed by the ten largest
servicers for completing the written pre-foreclosure certifications. Though the results of these reviews are not yet available, if incidents of noncompliance with the certification requirement are found, Treasury will insist that servicers take appropriate corrective action, which may include
suspending or reversing foreclosure proceedings and re-evaluating the affected homeowners for HAMP.
On November 3, 2010 Treasury issued guidance to servicers designed to enhance servicer responsiveness to borrowers who have inquiries or
disputes related to MHA. Among the new requirements, servicers must:
•
Establish in-house MHA case escalation teams staffed with individuals who are independent of the original underwriting decision-makers;
•
Provide to borrowers a response within 30 calendar days;
•
Fully cooperate with representatives of Treasury’s borrower support centers so that disagreements can be resolved; and
•
Suspend scheduled foreclosure sales until an escalated case is resolved.
If homeowners believe that they have been inappropriately denied a HAMP modification or wrongly placed in
foreclosure while participating in an MHA program, Treasury, through the HOPE Hotline and MHA Help call centers,
provides free foreclosure prevention resources. Homeowners are encouraged to call the 24-hour HOPE Hotline at 1888-995-HOPE (4673) and ask to escalate their case with a specialist at MHA Help. The MHA Help call center has
trained housing counselors dedicated to working exclusively with homeowners and servicers to resolve escalated
cases. Additionally, our MakingHomeAffordable.gov website contains overviews of our modification programs, FAQs,
links to counseling organizations, contact information for HAMP servicers, and other resources in both English and
Spanish for homeowners who may be in need of assistance.
15
Monthly 105(a) Report
December 2010
Links to Other TARP Reports and Information
Office of Financial Stability, U.S. Department of the Treasury
•
Financial Stability website: www.FinancialStability.gov
•
Agency Financial Report Fiscal Year 2010: www.FinancialStability.gov/docs/2010%20OFS%20AFR%20Nov%2015.pdf
•
TARP Two Year Retrospective: www.FinancialStability.gov/latest/pr_10052010.html
Housing Initiatives
•
Making Home Affordable website: www.MakingHomeAffordable.gov ; and Home Affordable Modification Program website (includes
Supplemental Directives and the MHA Handbook): www.HMPadmin.com
•
Monthly Housing Scorecard from the U.S. Department of Housing and Urban Development (HUD): www.HUD.gov/scorecard
•
HFA Hardest Hit Fund: www.FinancialStability.gov/roadtostability/hardesthitfund.html
•
Monthly Servicer and Performance Reports: www.FinancialStability.gov/latest/reportsanddocs.html
Warrant Sales
•
Warrant Disposition Reports: www.FinancialStability.gov/latest/reportsanddocs.html
•
Treasury Analysis of Warrant Auction Results: www.Treas.gov/offices/economic-policy/reports/Auction-Analysis-3-18-2010.pdf
Public-Private Investment Program Quarterly Reports
•
www.FinancialStability.gov/roadtostability/legacysecurities.html#reports
Executive Compensation - Office of the Special Master for Executive Compensation
•
www.FinancialStability.gov/about/executivecompensation.html
Congressional Testimony
•
Links to written testimony given by Treasury officials before Congress are available at: www.FinancialStability.gov/latest/pressreleases.html
16
Monthly 105(a) Report
December 2010
Appendix 1
Treasury Estimates of the Impact of TARP Programs and Other Treasury
Investment in AIG on the Federal Budget
Treasury’s Office of Financial Stability (OFS) is inserting a table into this report that it intends to update periodically. The table will reflect the OFS
estimate of the lifetime cost of the TARP investment programs. This table utilizes the methodology that TARP has consistently used to estimate
these lifetime costs including the requirement to use a discount rate that reflects market risk as required by the Emergency Economic Stabilization
Act of 2008 (EESA) for future cash flows. Over time, market conditions and the performance of specific investments will be critical determinants of
TARP’s lifetime cost. The OFS methodology adheres to government budgeting guidance and includes investments and other disbursements
expected to be made in the future and includes assumptions regarding future events, which are inherently uncertain. These estimates do not reflect
official Administration budgetary estimates of the deficit impact of TARP and may differ from the official estimates presented in the President’s
Budget, the Midsession Review of the Budget, and the report required in 2013 under Section 134 of EESA.
A-1
Monthly 105(a) Report
December 2010
Treasury Estimates of the Impact of TARP Programs and Other Treasury Investment in AIG
on the Federal Budget (as of November 30, 2010)1 ($ billions)
Programs
Outstanding
Investment
Balance
Market
Value of
Outstanding
Common
Estimated
Lifetime
Cost
Obligation/
Commitment
Disbursed
$ 25.00
$ 25.00
0.00
$ (6.46)
165.30
165.30
26.21
(8.24)
14.59
14.59
10.81
2.24
Bank Support Programs:
Capital Purchase Program (CPP):
Citigroup2
Other banks with assets $10 billion or greater
Banks with assets less than $10 billion
$
Total
Targeted Investment Program (TIP)
$ 204.89
$ 204.89
$ 37.02
$ (12.46)
$ 40.00
$ 40.00
$
0.00
$ (3.81)
Asset Guarantee Program (AGP)3
Community Development Capital Initiative (CDCI)
$
5.00
$
0.00
$
0.00
$ (3.71)
$
0.57
$
0.57
$
0.57
$ 0.29
7.51
14.90
$ 22.41
$
5.22
9.83
$ 15.05
$
Credit Market Programs:
Public-Private Investment Program (PPIP):
Equity
Debt
Total
$
Term Asset Backed Securities Lending Facility (TALF)
Purchase SBA 7(a) Securities (SBA)
5.06
9.43
$ 14.49
$ (0.31)
0.10
$ (0.21)
$
4.30
$
0.10
$
0.10
$ (0.33)
$
0.37
$
0.29
$
0.31
$ 0.00
Other Programs:
American International Group (AIG):
Preferred Stock4
Common Stock4
Total
Automotive Industry Financing Program (AIFP)
5
Sub-total for Investment Programs
Treasury Housing Programs Under TARP
Total for TARP Programs
Additional AIG Common Shares Held by Treasury6
7,8
Total for TARP Programs and Additional AIG Shares
$ 69.84
0.00
$ 67.84
0.00
$ 20.29
47.54
$ 69.84
$ 67.84
$ 67.83
$ 81.75
$ 79.69
$ 46.42
$ 429.12
$ 408.43
$166.74
$ 2.61
$ 45.63
$
$
0.00
$ 45.63
$ 474.75
$ 409.31
$166.74
$ 48.24
n/a
n/a
n/a
$ 474.75
$ 409.31
$166.74
0.88
$
$ 39.14
8.04
$ 8.04
$ 17.10
$ 20.17
$ 14.80
$ (20.17)
$ 28.07
A‐2
Monthly 105(a) Report
December 2010
*Chart amended as of January 24, 2011 to reflect actual disbursements for AIG post-Recapitalization.
1
All information is as of November 30, 2010 except for Citigroup (see note 2) and AIG (see note 4). Estimated lifetime costs are preliminary and
subject to change.
2
Outstanding balance gives effect to the sale of the remaining shares of Citigroup common stock on December 10, 2010.
3
Estimated lifetime costs for AGP includes the Treasury-OFS portion of $276 million for the termination fee Bank of America paid government
parties for the value they received from the announcement of the negotiations with government parties to guarantee and share losses on a pool of
assets.
4
All AIG information gives effect to the closing of the restructuring transaction entered into on December 8, 2010 and the AIG Recapitalization on
January 14, 2010, at which time: (i) the outstanding preferred stock investment was exchanged for 1.1 billion shares of AIG common stock (which
is valued for purposes of this table at $35.84 per share, which is the November 30, 2010 market price less an adjustment for the estimated value of
additional AIG warrants to be distributed to shareholders other than Treasury), and (ii) $20.29 billion previously an undrawn commitment was
disbursed. Treasury estimates that it will not incur any loss on this disbursement because the aggregate value of the assets underlying the preferred
interests in the Special Purpose Vehicles that Treasury received for the disbursement exceeds the liquidation preference of the preferred interests.
In addition, market prices will change which will result in changes to the cost estimate over time. If the restructuring was not completed, estimated
lifetime costs of AIG would have been $36.1 billion at November 30, 2010.
5
All AIFP information is for all investments (including those in General Motors (GM), Chrysler and Ally), except that market value of outstanding
common refers only to outstanding common stock investment in GM as of November 30, 2010. All information for GM gives effect to sale of $13.5
billion of shares in initial public offering at $33.00 per share, including exercise of overallotment option, in November 2010, and to receipt of $2.1
billion from the repurchase by GM of preferred shares on December 15, 2010.
6
Represents additional 563 million shares of AIG common stock received from the trust created by the Federal Reserve Bank of New York for the
benefit of Treasury pursuant to the restructuring. Although the shares were not acquired with TARP funds, the shares and any proceeds from their
sales go to the U.S. Treasury and therefore are reflected in the table for informational purposes.
7
Includes the U.S. Treasury's beneficial interest in the AIG trust described in note 5.
8
Estimates include interest on reestimates, which result from changes from previous TARP cost estimates. Interest on reestimates is one
component of the cost to Government of financing TARP programs, and is not a direct programmatic cost.
A‐3
Monthly 105(a) Report
November 2010
Appendix 2
Financial Statement
United States Department of the Treasury
Office of Financial Stability
Report of Administrative Obligations and Expenditures
For Period Ending
December 31, 2010
PERSONNEL SERVICES
NON-PERSONNEL
SERVICES
Budget
Object Class
(BOC)
Budget Object Class Title
1100 & 1200 PERSONNEL COMPENSATION & BENEFITS
PERSONNEL SERVICES Total:
2100
TRAVEL & TRANSPORTATION OF PERSONS
2200
TRANSPORTATION OF THINGS
2300
RENTS, COMMUNICATIONS, UTILITIES & MISC CHARGES
2400
PRINTING & REPRODUCTION
2500
OTHER SERVICES
2600
SUPPLIES AND MATERIALS
3100
EQUIPMENT
3200
LAND & STRUCTURES
4300
INTEREST & DIVIDENDS
NON-PERSONNEL SERVICES Total:
$
$
$
$
GRAND TOTAL: $
Note: The amounts presented above are cumulative from the initiation of the TARP.
Obligations
52,472,809
52,472,809
912,003
11,960
753,885
395
138,895,064
711,721
232,054
29
141,517,111
193,989,920
$
$
$
$
$
Expenditures
52,246,279
52,246,279
894,706
11,960
461,529
395
105,402,551
702,371
222,675
29
107,696,216
159,942,495
For Period Ending
January 31, 2010
$
$
$
$
$
Projected
Obligations
55,114,000
55,114,000
943,000
12,000
754,000
400
144,945,000
720,000
232,000
30
147,606,430
202,720,430
$
$
$
$
$
Projected
Expenditures
54,888,000
54,888,000
932,000
12,000
467,000
400
108,884,000
711,000
223,000
30
111,229,430
166,117,430
U.S. Treasury Department
Office of Financial Stability
Troubled Asset Relief Program
Agreements Under TARP [Section 105(a)(3)(A)]
For Period Ending December 31, 2010
Date
Approved
10/10/2008
10/11/2008
10/14/2008
10/16/2008
10/17/2008
10/18/2008
10/29/2008
10/29/2008
10/31/2008
11/7/2008
11/9/2008
11/14/2008
11/25/2008
12/3/2008
12/5/2008
12/10/2008
12/10/2008
12/15/2008
12/16/2008
12/22/2008
12/24/2008
1/6/2009
1/7/2009
1/27/2009
1/27/2009
1/30/2009
2/2/2009
2/3/2009
2/9/2009
2/12/2009
Type of
Transaction
Contract
Contract
Financial Agent
Contract
Interagency Agreement
Contract
Contract
Contract
Contract
Contract
Interagency Agreement
Interagency Agreement
Interagency Agreement
Interagency Agreement
Interagency Agreement
Contract
Contract
Interagency Agreement
Interagency Agreement
Interagency Agreement
Contract
Interagency Agreement
Contract
Contract
Contract
Interagency Agreement
Interagency Agreement
Interagency Agreement
Contract
Contract
Vendor
Simpson Thacher & Bartlett Mnp LLP
Ennis Knupp & Associates Inc
The Bank of New York Mellon
Pricewaterhousecoopers LLP-1
Turner Consulting Group, Inc.*
Ernst & Young LLP
Hughes Hubbard & Reed LLP
Squire Sanders & Dempsey LLP
Lindholm & Associates Inc.*
Sonnenschein Nath & Rosenthal LLP
Internal Revenue Service
Internal Revenue Service - CSC
Department of the Treasury - Departmental Offices
Trade and Tax Bureau - Treasury
Washington Post
Sonnenschein Nath & Rosenthal LLP
Thacher Proffitt & Wood**
Office of Thrift Supervision
Department of Housing and Urban Development
Office of Thrift Supervision
Cushman And Wakefield Of Va Inc
Securities and Exchange Commission
Colonial Parking Inc.
Cadwalader Wickersham & Taft LLP
Whitaker Brothers Bus Machines Inc*
Office of the Controller of the Currency
Government Accountability Office
Internal Revenue Service
Pat Taylor & Assoc Inc*
Locke Lord Bissell & Liddell LLP
Purpose
Legal services for the implementation of TARP
Investment and Advisory Services
Custodian and Cash Management
Accounting/Internal Controls
Archiving Services
Accounting/Internal Controls
Legal services for the Capital Purchase Program
Legal services for the Capital Purchase Program
Human resources services
Legal Advisory
Detailee
Information Technology
Administrative Support
Information Technology
Administrative Support
Legal Advisory
Legal Advisory
Detailees
Detailees
Detailees
Painting Services for TARP Offices
Detailee
Parking
Legal Advisory
Office Machines
Detailee
Oversight services
Detailees
Administrative Support
Legal Advisory
Date
Approved
2/18/2009
2/18/2009
2/20/2009
2/20/2009
2/20/2009
2/20/2009
2/26/2009
2/27/2009
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
4/3/2009
4/17/2009
4/17/2009
4/21/2009
4/21/2009
4/21/2009
4/30/2009
5/5/2009
5/13/2009
5/14/2009
5/15/2009
5/20/2009
5/22/2009
5/26/2009
5/26/2009
6/9/2009
6/29/2009
7/15/2009
7/17/2009
7/30/2009
7/30/2009
7/30/2009
Type of
Transaction
Financial Agent
Financial Agent
Interagency Agreement
Interagency Agreement
Contract
Contract
Interagency Agreement
Interagency Agreement
Contract
Financial Agent
Interagency Agreement
Contract
Contract
Contract
Contract
Contract
Interagency Agreement
Contract
Interagency Agreement
Contract
Financial Agent
Financial Agent
Financial Agent
Interagency Agreement
Interagency Agreement
Interagency Agreement
Contract
Contract
Interagency Agreement
Interagency Agreement
Contract
Contract
Interagency Agreement
Interagency Agreement
Interagency Agreement
Contract
Contract
Contract
Contract
Vendor
Fannie Mae
Freddie Mac
FINANCIAL CLERK U.S. SENATE
Office of Thrift Supervision
Simpson Thacher & Bartlett Mnp LLP
Venable LLP-1
Securities and Exchange Commission
Pension Benefit Guaranty Corp.
The Boston Consulting Group Inc
EARNEST Partners*
Heery International Inc.*
Cadwalader Wickersham & Taft LLP
Haynes and Boone LLP
Mckee Nelson LLP***
Sonnenschein Nath & Rosenthal LLP
FI Consulting Inc.*
American Furniture Rentals*
The Boston Consulting Group Inc
Bureau of Engraving and Printing
Herman Miller Inc.
AllianceBernstein L.P.
FSI Group, LLC
Piedmont Investment Advisors, LLC*
State Department
Federal Reserve Board
Department of Treasury - US Mint
Knowledgebank Inc.*
Phacil Inc.*
Securities and Exchange Commission
Department of Justice - ATF
Anderson Mc Coy & Orta*
Simpson Thacher & Bartlett Mnp LLP
FINANCIAL MANAGEMENT SERVICE
Department of Interior
Judicial Watch
Korn/Ferry International
Cadwalader Wickersham & Taft LLP
Debevoise & Plimpton, LLP
Fox Hefter Swibel Levin & Carol, LLP
Purpose
Homeownership Program
Homeownership Program
Congressional Oversight Panel
Detailees
Legal Advisory
Legal Advisory
Detailee
Legal Services
Financial Advisory
Small Business Assistance Program
Architectural Services
Legal Advisory
Legal Advisory
Legal Advisory
Legal Advisory
Accounting/Internal Controls
Administrative Support
Financial Advisory
Personnel detail
Facilities Support
Asset Management Services
Asset Management Services
Asset Management Services
Detailee
Detailees
Administrative Support
Administrative Support
FOIA Support Services
Detailee
Detailee
Legal Advisory
Legal Advisory
Information Technology
Information Technology
Legal Advisory
Administrative Support
Legal Advisory
Legal Advisory
Legal Advisory
Date
Approved
8/10/2009
8/10/2009
8/18/2009
8/25/2009
9/2/2009
9/10/2009
9/11/2009
9/18/2009
9/30/2009
9/30/2009
9/30/2009
9/30/2009
11/2/2009
11/29/2009
12/16/2009
12/22/2009
12/22/2009
12/22/2009
12/22/2009
12/22/2009
12/22/2009
12/22/2009
1/14/2010
1/15/2010
2/16/2010
2/16/2010
2/18/2010
3/8/2010
3/22/2010
3/26/2010
3/29/2010
4/2/2010
4/8/2010
4/12/2010
4/22/2010
4/22/2010
4/23/2010
5/4/2010
5/17/2010
Type of
Transaction
Interagency Agreement
Interagency Agreement
Contract
Interagency Agreement
Contract
Contract
Contract
Interagency Agreement
Interagency Agreement
Interagency Agreement
Contract
Contract
Contract
Interagency Agreement
Interagency Agreement
Financial Agent
Financial Agent
Financial Agent
Contract
Financial Agent
Financial Agent
Financial Agent
Interagency Agreement
Contract
Interagency Agreement
Contract
Interagency Agreement
Contract
Interagency Agreement
Interagency Agreement
Financial Agent
Interagency Agreement
Contract
Contract
Contract
Contract
Contract
Interagency Agreement
Financial Agent
Vendor
Department of Justice
NASA
Mercer (US) Inc.
Department of Justice
Knowledge Mosaic Inc.*
Equilar Inc*
Pricewaterhousecoopers LLP-1
Treasury Franchise Fund - BPD
Immixtechnology Inc.
Immixtechnology Inc.
NNA Inc.
SNL Financial LC
Bingham Mccutchen LLP
Department of the Treasury - Departmental Offices
Internal Revenue Service
Avondale Investments, LLC*
Bell Rock Capital, LLC*
Howe Barnes Hoefer & Arnett, Inc*
Hughes Hubbard & Reed LLP
KBW Asset Management, Inc.*
Lombardia Capital Partners, LLC*
Paradigm Asset Management Co., LLC*
LLC
Government Accountability Office
Association of Govt Accountants
Internal Revenue Service
The Mitre Corporation
Treasury Franchise Fund - BPD
Qualx Corporation*
Financial Management Service - Gartner, Inc.
Federal Maritime Commission (FMC)
Morgan Stanley & Co. Incorporated
FINANCIAL CLERK U.S. SENATE
Squire Sanders & Dempsey LLP
Ennis Knupp & Associates Inc
Digital Management Inc*
Microlink Llc
RDA Corporation*
Internal Revenue Service
Greenhill & Co., LLC
Purpose
Detailee
Detailee
Administrative Support
Detailee
Administrative Support
Administrative Support
Accounting/Internal Controls
Administrative Support
Information Technology
Information Technology
Administrative Support
Information Technology
Legal Advisory
Administrative Support
Detailee
Asset Management Services
Asset Management Services
Asset Management Services
Legal Advisory
Asset Management Services
Asset Management Services
Asset Management Services
Oversight services
Administrative Support
Detailee - Smith-Williams
Information Technology
Information Technology
FOIA Support Services
Information Technology
Detailee
Disposition Agent Services
Financial Advisory
Legal Advisory
Financial Advisory
Information Technology
Information Technology
Information Technology
Administrative Support
Structuring and Disposition Services
Date
Approved
5/17/2010
6/24/2010
6/30/2010
7/21/2010
7/21/2010
7/22/2010
7/22/2010
7/22/2010
7/27/2010
8/6/2010
8/6/2010
8/6/2010
8/6/2010
8/6/2010
8/6/2010
8/6/2010
8/6/2010
8/6/2010
8/6/2010
8/6/2010
8/6/2010
8/6/2010
8/12/2010
8/30/2010
9/1/2010
9/17/2010
9/27/2010
9/30/2010
9/30/2010
10/1/2010
10/8/2010
10/8/2010
10/8/2010
10/8/2010
10/8/2010
10/8/2010
10/8/2010
10/8/2010
10/14/2010
Type of
Transaction
Financial Agent
Contract
Contract
Contract
Contract
Contract
Contract
Contract
Contract
Contract
Contract
Contract
Contract
Contract
Contract
Contract
Contract
Contract
Contract
Contract
Contract
Contract
Contract
Interagency Agreement
Contract
Contract
Contract
Contract
Interagency Agreement
Interagency Agreement
Contract
Contract
Contract
Contract
Contract
Contract
Contract
Contract
Contract
Vendor
Lazard Fréres & Co. LLC
Reed Elselvier Inc (dba Lexisnexis)
The George Washington University
Navigant Consulting Inc.
Regis & Associates PC*
Ernst & Young LLP
Pricewaterhousecoopers LLP-1
Schiff Hardin LLP
West Publishing Corporation
Alston & Bird LLP
Cadwalader Wickersham & Taft LLP
Fox Hefter Swibel Levin & Carol, LLP
Haynes and Boone LLP
Hughes Hubbard & Reed LLP
Love & Long LLP*
Orrick Herrington Sutcliffe LLP
Paul Weiss Rfknd Whrtn & Grrsn LLP
Perkins Coie LLP
Seyfarth Shaw LLP
Shulman Rgrs Gndl Pordy & Ecker Pa
Sullivan Cove Reign Enterprises Jv*
Venable LLP-1
LLP 1
Knowledge Mosaic Inc.*
Department of Housing and Urban Development
CQ-Roll Call Inc.
Bingham Mccutchen LLP
Davis Audrey Robinette*
CCH Incorporated
Department of the Treasury - Departmental Offices
FINANCIAL CLERK U.S. SENATE
Management Concepts Inc
Management Concepts Inc
Management Concepts Inc
Management Concepts Inc
Management Concepts Inc
Management Concepts Inc
Management Concepts Inc
Management Concepts Inc
Hispanic Assoc Of Coll & Univ*
Purpose
Transaction Structuring Services
Administrative Support
Administrative Support
Compliance
Compliance
Compliance
Compliance
Legal Advisory
Administrative Support
Legal Advisory
Legal Advisory
Legal Advisory
Legal Advisory
Legal Advisory
Legal Advisory
Legal Advisory
Legal Advisory
Legal Advisory
Legal Advisory
Legal Advisory
Legal Advisory
Legal Advisory
Administrative Support
Personnel detail
Administrative Support
Legal Advisory
Administrative Support
Administrative Support
Administrative Support
Financial Advisory
Administrative Support
Administrative Support
Administrative Support
Administrative Support
Administrative Support
Administrative Support
Administrative Support
Administrative Support
Detailees
Date
Approved
10/26/2010
11/8/2010
12/2/2010
Type of
Transaction
Interagency Agreement
Contract
Contract Listing
Vendor
Government Accountability Office
The Mitre Corporation*
Addx Corporation*
* 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
Oversight services
Information Technology
Acqusitition Support Services
U.S. Treasury Department
Office of Financial Stability
Troubled Asset Relief Program
Insurance Contracts [Section 105(a)(3)(B)]
For Period Ending December 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 105a (3) (C, D,G)]
For Period Ending December 31, 2010
CAPITAL PURCHASE PROGRAM
Seller
Footnote
1b
11, 23 5/26/2010
14
3a 11/24/2009
Purchase Details
Name of Institution
Purchase Date
City
Investment Amount
Pricing
Mechanism
Bank of America Corporation
The Bank of New York Mellon Corporation
10/28/2008
Citigroup Inc.
New York
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
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.
New York
New York
New York
Boston
San Francisco
Redding
Hendersonville
San Francisco
Chicago
Atlanta
11/14/2008
Broadway Financial Corporation
Los Angeles
CA
Preferred Stock
$
9,000,000
Par
11/14/2008
11/14/2008
Seattle
Winston-Salem
WA
NC
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
$
$
200,000,000
3,133,640,000
Par
Par
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.
M&T Bank Corporation (Provident Bancshares
Corp.)
Umpqua Holdings Corp.
Comerica Inc.
Regions Financial Corporation
Capital One Financial Corporation
First Horizon National Corporation
Huntington Bancshares
KeyCorp
Baltimore
Portland
Dallas
Birmingham
McLean
Memphis
Columbus
Cleveland
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
$
$
$
$
$
$
$
$
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
11/14/2008
Valley National Bancorp
Wayne
NJ
Preferred Stock w/ Warrants
$
300,000,000
Par
Zions Bancorporation
Marshall & Ilsley Corporation
U.S. Bancorp
TCF Financial Corporation
First Niagara Financial Group
HF Financial Corp.
Centerstate Banks of Florida Inc.
Salt Lake City
Milwaukee
Minneapolis
Wayzata
Lockport
Sioux Falls
Davenport
NC
NY
Investment Description
10/28/2008
10/28/2008
11/14/2008
11/14/2008
11/14/2008
11/14/2008
11/21/2008
11/21/2008
11/21/2008
Charlotte
New York
State
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
$
$
15,000,000,000
3,000,000,000
NY
Common Stock w/ Warrants
$
25,000,000,000
Par
NY
NY
NY
MA
CA
CA
NC
CA
IL
GA
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
$
$
$
$
$
$
$
$
$
$
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
Par
Par
Par
Par
Par
Par
Par
Par
Par
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
$
$
$
$
$
$
$
Treasury Investment Remaining
After Capital Repayment
Capital Repayment Details
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
Capital
Repayment Date
12/9/2009
6/17/2009
4
Capital Repayment
Amount (Loss) 6
Remaining Capital
Amount
4
$
$
15,000,000,000
3,000,000,000
$
$
0
0
Warrants
Warrants
City National Corporation
Beverly Hills
CA
Preferred Stock w/ Warrants
$
400,000,000
Par
11/21/2008
11/21/2008
First Community Bankshares Inc.
Western Alliance Bancorporation
Bluefield
Las Vegas
VA
NV
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
$
$
41,500,000
140,000,000
Par
Par
11/21/2008
29 9/24/2010
Webster Financial Corporation
Waterbury
CT
Preferred Stock w/ Warrants
$
400,000,000
Par
11/21/2008
Pacific Capital Bancorp
Santa Barbara
CA
Common Stock w/ Warrants
$
195,045,000
Par
11/21/2008
11/21/2008
11/21/2008
11/21/2008
11/21/2008
11/21/2008
11/21/2008
Heritage Commerce Corp.
Ameris Bancorp
Porter Bancorp Inc.
Banner Corporation
Cascade Financial Corporation
Columbia Banking System, Inc.
Heritage Financial Corporation
San Jose
Moultrie
Louisville
Walla Walla
Everett
Tacoma
Olympia
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
$
$
$
$
$
$
$
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
Final Disposition
Final
Disposition
Date
Disposition
Investment
Description
3/3/2010
8/5/2009
Warrants
Warrants
23
$
25,000,000,000
$
0
Warrants
6/17/2009
6/17/2009
6/17/2009
6/17/2009
12/23/2009
4
$
$
$
$
$
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
5/20/2010
Warrants
Warrants
Warrants
Warrants
Warrants
6/17/2009
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
2/17/2010
3/17/2010
5
$
$
214,181,000
2,250,000,000
$
$
0
0
6/17/2009
12/22/2010
12/22/2010
4
$
$
$
3,555,199,000
866,540,000
1,398,071,000
$
$
$
0
0
0
6/3/2009
4
$
75,000,000
$
225,000,000
9/23/2009
4
$
125,000,000
$
100,000,000
12/23/2009
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
$
**
4
4
5
4
4
4
4
4
4
5
4
5
4
11/21/2008
Remaining
Investment
Description
12/30/2009
200,000,000
3/3/2010
4
$
200,000,000
$
0
7/8/2009
5
$
41,500,000
$
0
3/3/2010
4
$
100,000,000
$
300,000,000
$
200,000,000
10/13/2010
4
12/29/2010
4
8/11/2010
12/22/2010
4
4
$
$
15
1b
Final Disposition
Proceeds
A $
R $
$
$
$
$
$
1,100,000,000
950,318,243
950,000,000
60,000,000
849,014,998
Warrants
R $
87,000,000
3/9/2010
7/22/2009
Warrants
Warrants
A $
R $
15,623,222
67,010,402
Warrants
Warrants
3/31/2010
5/6/2010
Warrants
Warrants
R $
A $
4,500,000
183,673,472
Warrants
Warrants
Warrants
12/3/2009
Warrants
A $
148,731,030
5/18/2010
Warrants
A $
5,571,592
7/15/2009
12/15/2009
6/24/2009
6/30/2009
10/28/2009
Warrants
Warrants
Warrants
Warrants
Warrants
R
A
R
R
R
4/7/2010
Warrants
9/1/2010
Warrants
Preferred Stock w/
Warrants
Preferred Stock w/
Warrants
Warrants
Warrants
Warrants
Warrants
Warrants
Warrants
Preferred Stock w/
Warrants
Warrants
Warrants
100,000,000
$
$200,000,000
$
0
Preferred Stock w/
Warrants
Preferred Stock w/
Warrants
Warrants
76,898,000
24,000,000
$
$
0
0
Warrants
Warrants
9
9
9
9
9
R
A
R
R
A
186,342,969
136,000,000
$
$
$
$
$
139,000,000
9,599,964
2,700,000
650,000
212,000
R $
18,500,000
R $
3,301,647
Page 8 of 58
Seller
Footnote
14, 20
Purchase Date
Name of Institution
City
State
Investment Description
Investment Amount
Pricing
Mechanism
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
Par
Par
11/21/2008
Boston Private Financial Holdings, Inc.
Boston
MA
Preferred Stock w/ Warrants
$
154,000,000
Par
Green Bay
Jackson
Lexington
Rosemont
Los Angeles
WI
MS
SC
IL
CA
Midwest Banc Holdings, Inc.
Melrose Park
IL
MB Financial Inc.
First Midwest Bancorp, Inc.
United Community Banks, Inc.
WesBanco, Inc.
Encore Bancshares Inc.
Manhattan Bancorp
Iberiabank Corporation
Chicago
Itasca
Blairsville
Wheeling
Houston
El Segundo
Lafayette
Eagle Bancorp, Inc.
Bethesda
11/21/2008
11/21/2008
11/21/2008
11/21/2008
11/21/2008
Associated Banc-Corp
Trustmark Corporation
First Community Corporation
Taylor Capital Group
Nara Bancorp, Inc.
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
Sandy Spring Bancorp, Inc.
Olney
Treasury Investment Remaining
After Capital Repayment
Capital Repayment Details
11/21/2008
11/21/2008
12/5/2008
26 9/30/2010
Purchase Details
4
$
1/13/2010
4
6/16/2010
4
12/9/2009
0
12
32 9/30/2010
24
50,000,000
$
104,000,000
$
0
Preferred Stock w/
Warrants
Warrants
4
$
215,000,000
$
0
Warrants
12/30/2009
Warrants
R $
10,000,000
R $
950,000
104,000,000
$
89,388,000
Par
$
$
$
$
$
$
$
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
9/9/2009
4
$
75,000,000
$
0
Warrants
12/23/2009
Warrants
9/16/2009
3/31/2009
4
5
$
$
1,700,000
90,000,000
$
$
0
0
10/14/2009
5/20/2009
Warrants
Warrants
9
R $
R $
63,364
1,200,000
MD
Preferred Stock w/ Warrants
$
38,235,000
Par
12/23/2009
5
$
15,000,000
$
23,235,000
7/21/2010
4
$
41,547,000
$
41,547,000
12/15/2010
4
$
41,547,000
$
0
Warrants
Warrants
Preferred Stock w/
Warrants
Preferred Stock w/
Warrants
Warrants
$
306,546,000
$
0
Warrants
$
130,179,219
$
0
Warrants
9/30/2010
Warrants
26
R $
400,000
$
10/28/2009
Warrants
R $
1,307,000
R $
40,000
$
83,094,000
Par
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
$
$
9,950,000
306,546,000
Par
Par
12/29/2010
4
12/5/2008
South Financial Group, Inc.
Greenville
SC
Preferred Stock w/ Warrants
$
347,000,000
Par
9/30/2010
26
12/5/2008
12/5/2008
12/5/2008
Great Southern Bancorp
Cathay General Bancorp
Southern Community Financial Corp.
Springfield
Los Angeles
Winston-Salem
MO
CA
NC
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
$
$
$
58,000,000
258,000,000
42,750,000
Par
Par
Par
12/5/2008
CVB Financial Corp
Ontario
CA
Preferred Stock w/ Warrants
$
130,000,000
Par
OH
SC
AL
OK
PR
KS
OH
CA
NC
MA
MO
NY
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
$
$
$
$
$
$
$
$
$
$
$
$
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
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
12/5/2008
TIB Financial Corp
Naples
FL
Preferred Stock w/ Warrants
$
37,000,000
Par
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
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.
Inc
Wilmington Trust Corporation
Clinton
Bowie
Port St. Lucie
Spokane
Oakdale
Evansville
Raleigh
Seattle
Santa Clara
Lorain
Wilmington
NJ
MD
FL
WA
CA
IN
NC
WA
CA
OH
DE
Preferred Stock w/ Warrants
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
$
$
$
$
$
$
$
$
$
$
$
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
25,223,000
330,000,000
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
12/12/2008
Susquehanna Bancshares, Inc
Lititz
PA
Preferred Stock w/ Warrants
$
300,000,000
Par
Signature Bank
HopFed Bancorp
Citizens Republic Bancorp, Inc.
Indiana Community Bancorp
Bank of the Ozarks, Inc.
Center Financial Corporation
NewBridge Bancorp
Sterling Bancshares, Inc.
The Bancorp, Inc.
New York
Hopkinsville
Flint
Columbus
Little Rock
Los Angeles
Greensboro
Houston
Wilmington
Warrants
IL
IL
GA
WV
TX
CA
LA
FL
CA
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
Final Disposition
Proceeds
$
Fernandina Beach
Pasadena
Defiance
Charleston
Birmingham
Stillwater
San Juan
Overland Park
Fairlawn
Novato
Thomasville
Somerville
Poplar Bluff
Jericho
15
$
Coastal Banking Company, Inc.
East West Bancorp
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.
Disposition
Investment
Description
$
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
Final Disposition
Final
Disposition
Date
19,300,000
4
17
Remaining
Investment
Description
$
$
$
$
$
Preferred Stock w/ Warrants
Par
Par
Par
Par
Par
12/15/2010
Remaining Capital
Amount
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Mandatorily Convertible Preferred Stock w/
Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
MD
525,000,000
215,000,000
11,350,000
104,823,000
67,000,000
Capital
Repayment Date
Capital Repayment
Amount (Loss) 6
NY
KY
MI
IN
AR
CA
NC
TX
DE
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
$
$
$
$
$
$
$
$
$
120,000,000
18,400,000
300,000,000
21,500,000
75,000,000
55,000,000
52,372,000
125,198,000
45,220,000
Par
Par
Par
Par
Par
Par
Par
Par
Par
9
$
97,500,000
9/2/2009
4
$
32,500,000 $
0
Preferred Stock w/
Warrants
Warrants
3/31/2009
4
$
28,000,000
$
0
Warrants
9/30/2010
32
$
12,119,637
$
0
Warrants
9/30/2010
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
6/16/2010
Warrants
R $
6,820,000
4/21/2010
12/22/2010
3/31/2009
4
$
$
$
200,000,000
100,000,000
120,000,000
$
$
$
Preferred Stock w/
Warrants
Warrants
Warrants
3/10/2010
Warrants
A $
11,320,751
11/4/2009
4
$
75,000,000
$
0
Warrants
11/24/2009
Warrants
R $
2,650,000
5/5/2009
3/10/2010
4
$
$
125,198,000
45,220,000
$
$
0
0
Warrants
Warrants
6/9/2010
9/8/2010
Warrants
Warrants
A $
R $
3,007,891
4,753,985
8/26/2009
4
4
5
32,500,000
100,000,000
0
0
32
Page 9 of 58
Seller
Footnote
22
30 9/29/2010
18
2
2
2
2, 3
2
2
2
2
2
2
2
2
2
2
Purchase Date
Purchase Details
Name of Institution
City
12/12/2008
12/12/2008
12/12/2008
TowneBank
Wilshire Bancorp, Inc.
Valley Financial Corporation
12/12/2008
Independent Bank Corporation
Ionia
MI
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
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
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
12/19/2008
Horizon Bancorp
12/19/2008
12/19/2008
12/19/2008
12/19/2008
12/19/2008
Fidelity Southern Corporation
Community Financial Corporation
Berkshire Hills Bancorp, Inc.
First California Financial Group, Inc
AmeriServ Financial, Inc
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
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
Portsmouth
Los Angeles
Roanoke
State
VA
CA
VA
Investment Description
Treasury Investment Remaining
After Capital Repayment
Capital Repayment Details
Investment Amount
Pricing
Mechanism
$
$
$
76,458,000
62,158,000
16,019,000
$
74,426,000
Par
TN
CT
PA
ME
NC
VA
PA
MA
ID
CA
GA
TN
VA
AL
MO
PA
CA
PA
MA
LA
CT
CO
CA
FL
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Mandatorily Convertible Preferred Stock w/
Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
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
5,448,000
64,450,000
4,000,000
50,000,000
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Michigan City
IN
Preferred Stock w/ Warrants
$
25,000,000
Atlanta
Staunton
Pittsfield
Westlake Village
Johnstown
GA
VA
MA
CA
PA
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
$
$
$
$
$
48,200,000
12,643,000
40,000,000
25,000,000
21,000,000
Security Federal Corporation
Aiken
SC
Preferred Stock w/ Warrants
$
18,000,000
Wintrust Financial Corporation
Flushing Financial Corporation
Monarch Financial Holdings, Inc.
StellarOne Corporation
Union First Market Bankshares 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
Plains Capital Corporation
Tri-County Financial Corporation
OneUnited Bank
Patriot Bancshares, Inc.
Pacific City Financial Corporation
Marquette National Corporation
Exchange Bank
Monadnock Bancorp, Inc.
Bridgeview Bancorp, Inc.
Fidelity Financial Corporation
Patapsco Bancorp, Inc.
NCAL Bancorp
FCB Bancorp, Inc.
First Financial Bancorp
Bridge Capital Holdings
International Bancshares Corporation
First Sound Bank
M&T Bank Corporation
Lake Forest
Lake Success
Chesapeake
Charlottesville
IL
NY
VA
VA
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
$
$
$
$
250,000,000
70,000,000
14,700,000
30,000,000
Bowling Green
VA
Preferred Stock w/ Warrants
$
Mt. Pleasant
Providence
Lee's Summit
Elmira
Syracuse
Dubuque
Bowling Green
Wabash
Dallas
Waldorf
Boston
Houston
Los Angeles
Chicago
Santa Rosa
Peterborough
Bridgeview
Wichita
Dundalk
Los Angeles
Louisville
Cincinnati
San Jose
Laredo
Seattle
Buffalo
SC
RI
MO
NY
NY
IA
KY
IN
TX
MD
MA
TX
CA
IL
CA
NH
IL
KS
MD
CA
KY
OH
CA
TX
WA
NY
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
Capital
Repayment Date
Capital Repayment
Amount (Loss) 6
Remaining Capital
Amount
Final Disposition
Remaining
Investment
Description
Final
Disposition
Date
Disposition
Investment
Description
15
Final Disposition
Proceeds
Par
Par
Par
4/7/2010
4
$
10,000,000
$
0
Warrants
4/7/2010
Warrants
R $
1,488,046
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
Par
11/10/2010
4
$
6,250,000
$
Par
Par
Par
Par
Par
5/27/2009
4
$
40,000,000
$
6/24/2009
Warrants
R $
1,040,000
Par
9/29/2010
4
$
18,000,000
$
0
Warrants
Par
Par
Par
Par
12/22/2010
10/28/2009
12/23/2009
4
$
$
$
250,000,000
70,000,000
14,700,000
$
$
$
0
0
0
Warrants
Warrants
Warrants
12/30/2009
2/10/2010
Warrants
Warrants
9
9
R $
R $
900,000
260,000
59,000,000
Par
11/18/2009
5
$
59,000,000
$
0
Warrants
12/23/2009
Warrants
9
R $
450,000
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
16,200,000
35,500,000
43,000,000
1,834,000
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
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
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
2/24/2010
5
$
80,000,000
$
0
Warrants
6/2/2010
Warrants
A $
3,116,284
5
5
18,750,000
0
Preferred Stock w/
Warrants
Warrants
9
Page 10 of 58
Seller
Footnote
30 9/3/2010
2
2
2
2
3, 30 8/20/2010
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
31 9/30/2010
16
2
1a, 1b
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
Capital Repayment
Amount (Loss) 6
Remaining Capital
Amount
Final
Disposition
Date
9/8/2010
Warrants
R $
10,800,000
R $
319,659
Disposition
Investment
Description
15
Final Disposition
Proceeds
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
12/23/2008
Emclaire Financial Corp.
Park National Corporation
Green Bankshares, Inc.
Cecil Bancorp, Inc.
Financial Institutions, Inc.
Fulton Financial Corporation
Emlenton
Newark
Greeneville
Elkton
Warsaw
Lancaster
PA
OH
TN
MD
NY
PA
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
$
$
$
$
$
$
7,500,000
100,000,000
72,278,000
11,560,000
37,515,000
376,500,000
Par
Par
Par
Par
Par
Par
7/14/2010
4
$
376,500,000
$
0
Warrants
12/23/2008
United Bancorporation of Alabama, Inc.
Atmore
AL
Preferred Stock w/ Warrants
$
10,300,000
Par
9/3/2010
4
$
10,300,000
$
0
Warrants
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
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
Muncie
Baltimore
Rochester
Pinellas Park
New York
New York
Newton
Monroeville
Hoquiam
Cranbury
Oakhurst
Monmouth
Westminster
Portland
Albemarle
IN
MD
MN
FL
NY
NY
NC
PA
WA
NJ
NJ
IL
CA
OR
NC
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
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
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
10/27/2010
11/24/2010
4
4
$
$
12,000,000
11,300,000
$
$
0
0
Warrants
Warrants
12/1/2010
Warrants
12/23/2008
Mission Valley Bancorp
Sun Valley
CA
Preferred Stock
$
5,500,000
Par
8/20/2010
4
$
5,500,000
$
0
N/A
N/A
N/A
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
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.
Fifth Third Bancorp
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
NC
CA
VA
CA
OH
MA
WI
TN
CA
OH
MD
UT
CA
TN
CA
GA
PA
OH
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised 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
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
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
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
11/24/2010
4
$
5,830,000
$
0
Preferred Stock 2
11/24/2010
Preferred Stock
2, 7
R $
292,000
11/24/2009
4
$
3,455,000
$
12/30/2010
4
$
4,700,000
$
0
Preferred Stock 2
12/30/2010
Preferred Stock
2, 7
R $
235,000
2/10/2010
4
$
7,579,200,000
$
0
Warrants
4/29/2010
Warrants
A $
324,195,686
2/8/2010
16
$
$
0
N/A
N/A
N/A
12/9/2009
4/22/2009
4
$
$
10,000,000,000
125,000,000
$
$
0
0
Warrants
Warrants
3/3/2010
5/27/2009
Warrants
Warrants
12/31/2008
Hampton Roads Bankshares, Inc.
Norfolk
VA
Common Stock w/ Warrants
$
80,347,000
Par
12/31/2008
12/31/2008
12/31/2008
1/9/2009
1/9/2009
1/9/2009
CIT Group Inc.
West Bancorporation, Inc.
First Banks, Inc.
Bank of America Corporation
FirstMerit Corporation
Farmers Capital Bank Corporation
New York
West Des Moines
Clayton
Charlotte
Akron
Frankfort
NY
IA
MO
NC
OH
KY
Contingent Value Rights
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
$
$
$
$
$
$
2,330,000,000
36,000,000
295,400,000
10,000,000,000
125,000,000
30,000,000
Par
Par
Par
Par
Par
Par
Peapack-Gladstone Financial Corporation
Gladstone
NJ
Preferred Stock w/ Warrants
$
28,685,000
Par
4
0
10,340,000
4
1/9/2009
33
Final Disposition
Remaining
Investment
Description
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
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.
Newport Beach
Damariscotta
Vineland
Cary
New York
Honolulu
St. Louis
Tappahannock
Fitzgerald
Rockland
Starkville
Lebanon
Union
Hermitage
West Point
Fort Dodge
Greensboro
CA
ME
NJ
NC
NY
HI
MO
VA
GA
MA
MS
OH
NJ
PA
VA
IA
NC
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
5,000,000
25,000,000
89,310,000
24 900 000
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
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
N/A
2
N/A
1b
A $
R $
124,228,646
5,025,000
0
Preferred Stock w/
Warrants
Warrants
$
0
Warrants
5/27/2009
Warrants
R $
2,100,000
$
0
Warrants
7/29/2009
Warrants
R $
340,000,000
78,158,000
$
0
Warrants
5/27/2009
Warrants
R $
2,200,000
13,400,000
$
0
Warrants
100,000,000
$
0
Warrants
$
7,172,000
$
10/7/2009
4
$
5,000,000
$
4/8/2009
4
$
89,310,000
6/17/2009
4
$
3,388,890,000
4/22/2009
4
$
10/21/2009
4
$
9/9/2009
4
$
1/6/2010
Preferred Stock
-
21,513,000
Page 11 of 58
Seller
Footnote
2
2
2
2
2
3
2
2
2
2
2
2
2
2
2
2
28 7/20/2010
3, 30 8/27/2010
2
2
2
2
2, 19
3, 30 9/29/2010
2
2
2
2
2
2
2
2
2
2
2
3, 30 8/6/2010
2
2
Name of Institution
Purchase Date
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
Purchase Details
First Bancorp
First Financial Service Corporation
Codorus Valley Bancorp, Inc.
MidSouth Bancorp, Inc.
First Security Group, Inc.
Shore Bancshares, Inc.
The Queensborough Company
American State Bancshares, Inc.
Security California Bancorp
Security Business Bancorp
Sound Banking Company
Mission Community Bancorp
Redwood Financial Inc.
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
B Harbor
H b B
Bankshares
k h
Somerset Hills Bancorp
SCBT Financial Corporation
S&T Bancorp
ECB Bancorp, Inc.
City
State
Troy
Elizabethtown
York
Lafayette
Chattanooga
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
B Harbor
H b
Bernardsville
Columbia
Indiana
Engelhard
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
1/16/2009
First BanCorp
San Juan
PR
1/16/2009
1/16/2009
Texas Capital Bancshares, Inc.
Yadkin Valley Financial Corporation
Dallas
Elkin
TX
NC
Investment Description
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock 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
P
Preferred
f
d Stock
St k w// Warrants
W
t
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Mandatorily Convertible Preferred Stock w/
Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Treasury Investment Remaining
After Capital Repayment
Capital Repayment Details
Investment Amount
Pricing
Mechanism
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
65,000,000
20,000,000
16,500,000
20,000,000
33,000,000
25,000,000
12,000,000
6,000,000
6,815,000
5,803,000
3,070,000
5,116,000
2,995,000
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
18 751 000
7,414,000
64,779,000
108,676,000
17,949,000
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
P
Par
Par
Par
Par
Par
$
424,174,000
Par
$
$
75,000,000
36,000,000
Capital
Repayment Date
Capital Repayment
Amount (Loss) 6
Remaining Capital
Amount
Remaining
Investment
Description
Final Disposition
Final
Disposition
Date
Disposition
Investment
Description
15
Final Disposition
Proceeds
4/15/2009
4
$
25,000,000
$
0
Warrants
12/29/2010
4
$
2,000,000
$
0
Preferred Stock2
12/29/2010
Preferred Stock
2, 7
R $
100,000
5/19/2010
4
$
3,981,000
$
0
Preferred Stock 2
5/19/2010
Preferred Stock
2, 7
R $
199,000
2/24/2010
5/20/2009
5/20/2009
5
$
$
$
18,751,000
18
751 000
7,414,000
64,779,000
$
$
$
0
0
0
W
Warrants
t
Warrants
Warrants
7/28/2010
6/24/2009
6/24/2009
Warrants
W
t
Warrants
Warrants
R $
R $
R $
250,000
250 000
275,000
1,400,000
Par
Par
5/13/2009
4
$
75,000,000
$
0
Warrants
3/11/2010
Warrants
A $
6,709,061
4
4
1/16/2009
Carver Bancorp, Inc
New York
NY
Preferred Stock
$
18,980,000
Par
8/27/2010
4
$
18,980,000
$
0
N/A
N/A
N/A
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
Citizens & Northern Corporation
MainSource Financial Group, Inc.
MetroCorp Bancshares, Inc.
United Bancorp, Inc.
Old Second Bancorp, Inc.
Pulaski Financial Corp
OceanFirst Financial Corp.
Community 1st Bank
TCB Holding Company, Texas Community Bank
Centra Financial Holdings, Inc.
First Bankers Trustshares, Inc.
Pacific Coast National Bancorp
Wellsboro
Greensburg
Houston
Tecumseh
Aurora
Creve Coeur
Toms River
Roseville
The Woodlands
Morgantown
Quincy
San Clemente
PA
IN
TX
MI
IL
MO
NJ
CA
TX
WV
IL
CA
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
$
$
$
$
$
$
$
$
$
$
$
$
26,440,000
57,000,000
45,000,000
20,600,000
73,000,000
32,538,000
38,263,000
2,550,000
11,730,000
15,000,000
10,000,000
4,120,000
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
8/4/2010
4
$
26,440,000
$
0
Warrants
9/1/2010
Warrants
12/30/2009
5
$
38,263,000
$
0
Warrants
2/3/2010
Warrants
3/31/2009
4
$
15,000,000
$
0
Preferred Stock 2
4/15/2009
Preferred Stock
2/11/2010
19
$
$
0
N/A
N/A
N/A
1/16/2009
Community Bank of the Bay
Oakland
CA
Preferred Stock
$
1,747,000
Par
9/29/2010
4
$
1,747,000
$
0
N/A
N/A
N/A
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
Redwood Capital Bancorp
Syringa Bancorp
Idaho Bancorp
Puget Sound Bank
United Financial Banking Companies, Inc.
Dickinson Financial Corporation II
The
Th Baraboo
B b B
Bancorporation
ti
Bank of Commerce
State Bankshares, Inc.
BNCCORP, Inc.
First Manitowoc Bancorp, Inc.
Eureka
Boise
Boise
Bellevue
Vienna
Kansas City
B
Baraboo
b
Charlotte
Fargo
Bismarck
Manitowoc
CA
ID
ID
WA
VA
MO
WI
NC
ND
ND
WI
Preferred Stock w/ Exercised Warrants
Preferred 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
Preferred
f
d Stock
St k w// Exercised
E
i d Warrants
W
t
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
$
$
$
$
$
$
$
$
$
$
$
3,800,000
8,000,000
6,900,000
4,500,000
5,658,000
146,053,000
20,749,000
20 749 000
3,000,000
50,000,000
20,093,000
12,000,000
Par
Par
Par
Par
Par
Par
P
Par
Par
Par
Par
Par
12/15/2010
4
$
3,000,000
$
2,658,000
Preferred Stock 2
8/12/2009
4
$
12,500,000
$
37,500,000
Preferred Stock 2
5/27/2009
4
$
12,000,000
$
0
Preferred Stock 2
5/27/2009
Preferred Stock
1/16/2009
Southern Bancorp, Inc.
Arkadelphia
AR
Preferred Stock
$
11,000,000
Par
8/6/2010
4
$
11,000,000
$
0
N/A
N/A
N/A
1/16/2009
1/16/2009
1/23/2009
1/23/2009
1/23/2009
1/23/2009
1/23/2009
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
Merriam
Austin
South Bend
Princeton
Gastonia
Sandusky
Wilmington
KS
TX
IN
IL
NC
OH
DE
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
$
$
$
$
$
$
$
13,000,000
3,268,000
111,000,000
25,083,000
3,500,000
23,184,000
52,625,000
Par
Par
Par
Par
Par
Par
Par
12/29/2010
4
$
111,000,000
$
0
Warrants
0
-
N/A
R $
400,000
9
R $
430,797
2, 7
R $
750,000
N/A
-
2, 7
R $
-
N/A
600,000
N/A
Page 12 of 58
Seller
Name of Institution
Footnote
Purchase Date
2
2, 13 12/4/2009
1/23/2009
2
1/23/2009
CalWest Bancorp
2
2
2
2
2
2
2
2, 25
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
2
2
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
30 9/29/2010
1/23/2009
Purchase Details
Commonwealth Business Bank
Three Shores Bancorporation, Inc. (Seaside
National Bank & Trust)
City
State
Investment Description
Investment Amount
Pricing
Mechanism
Los Angeles
CA
Preferred Stock w/ Exercised Warrants
$
7,701,000
Par
Orlando
FL
Preferred Stock w/ Exercised Warrants
$
5,677,000
Par
CA
Preferred Stock w/ Exercised Warrants
$
4,656,000
Par
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.
Rancho Santa
Margarita
Fresno
Oakland
Ocala
Effingham
Moscow
Windsor
Thousand Oaks
Tacoma
Ashland
Jonesboro
Blaine
Macon
Carmi
CA
CA
FL
IL
TN
VA
CA
WA
MO
AR
MN
MS
IL
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised 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
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
1/23/2009
FPB Financial Corp.
Hammond
LA
Preferred Stock w/ Exercised Warrants
$
3,240,000
Par
1/23/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
West Chester
Marietta
Madison
Sewell
Powhatan
Troyy
Middleburg
Palo Alto
Chicago
Fresno
Quincy
Midland Park
Oak Ridge
Oakland
Middletown
Springfield
Annapolis
Downingtown
Alma
Visalia
Greer
Ojai
Ogallala
Manhattan Beach
Milwaukee
Boca Raton
Milford
Houlton
Little Rock
Marysville
Denver
Spokane
Munster
Scottsdale
Wichita
PA
OH
WI
NJ
VA
MI
VA
CA
IL
CA
CA
NJ
NC
MD
NJ
MO
MD
PA
MI
CA
SC
CA
NE
CA
WI
FL
NE
ME
AR
KS
CO
WA
IN
AZ
KS
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
10,973,000
39,000,000
110,000,000
16,288,000
11,385,000
266,657,000
,
,
22,000,000
6,000,000
243,815,000
7,000,000
11,949,000
10,000,000
7,700,000
30,000,000
9,000,000
17,000,000
8,152,000
11,750,000
33,000,000
7,700,000
9,993,000
2,080,000
12,720,000
6,000,000
5,498,000
10,900,000
7,525,000
10,449,000
25,000,000
8,950,000
12,639,000
110,000,000
3,674,000
2,568,000
8,750,000
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Reston
VA
Preferred Stock w/ Exercised Warrants
$
6,633,000
Par
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
1/30/2009
2/6/2009
Stonebridge Financial Corp.
Peoples Bancorp Inc.
Anchor BanCorp Wisconsin Inc.
Parke Bancorp, Inc.
Central Virginia Bankshares, Inc.
g
Bancorp,
p, Inc.
Flagstar
Middleburg Financial Corporation
Peninsula Bank Holding Co.
PrivateBancorp, Inc.
Central Valley Community Bancorp
Plumas Bancorp
Stewardship Financial Corporation
Oak Ridge Financial Services, Inc.
First United Corporation
Community Partners Bancorp
Guaranty Federal Bancshares, Inc.
Annapolis Bancorp, Inc.
DNB Financial Corporation
Firstbank Corporation
Valley Commerce Bancorp
Greer Bancshares Incorporated
Ojai Community Bank
Adbanc, Inc
Beach Business Bank
Legacy Bancorp, Inc.
First Southern Bancorp, Inc.
Country Bank Shares, Inc.
Katahdin Bankshares Corp.
Rogers Bancshares, Inc.
UBT Bancshares, Inc.
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.
(W hi t Fi t Bank)
(WashingtonFirst
B k)
Central Bancshares, Inc.
Hilltop Community Bancorp, Inc.
Northway Financial, Inc.
Monument Bank
Metro City Bank
F & M Bancshares, Inc.
First Resource Bank
MidWestOne Financial Group, Inc.
Houston
Summit
Berlin
Bethesda
Doraville
Trezevant
Exton
Iowa City
TX
NJ
NH
MD
GA
TN
PA
IA
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised 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
4,000,000
10,000,000
4,734,000
7,700,000
4,609,000
2,600,000
16,000,000
Par
Par
Par
Par
Par
Par
Par
Par
2/6/2009
Lakeland Bancorp, Inc.
Oak Ridge
NJ
Preferred Stock w/ Warrants
$
59,000,000
Par
2/6/2009
Monarch Community Bancorp, Inc.
Coldwater
MI
Preferred Stock w/ Warrants
$
6,785,000
Par
2/6/2009
The First Bancshares, Inc.
Hattiesburg
MS
Preferred Stock w/ Warrants
$
5,000,000
Par
1/30/2009
Treasury Investment Remaining
After Capital Repayment
Capital Repayment Details
Capital
Repayment Date
Capital Repayment
Amount (Loss) 6
Remaining Capital
Amount
Final Disposition
Remaining
Investment
Description
Final
Disposition
Date
Disposition
Investment
Description
15
Final Disposition
Proceeds
4/22/2009
4
$
4,900,000
$
0
Preferred Stock 2
4/22/2009
Preferred Stock
2, 7
R $
245,000
12/23/2009
4
$
10,189,000
$
0
Preferred Stock 2
12/23/2009
Preferred Stock
2, 7
R $
509,000
12/8/2010
4
$
3,300,000
$
0
Preferred Stock 2
12/8/2010
Preferred Stock
2, 7
R $
165,000
12/16/2009
6/16/2010
4
$
$
1,000,000
2,240,000
$
$
Preferred Stock 2
Preferred Stock 2
6/16/2010
Preferred Stock
2, 7
R $
162,000
12/23/2009
5
$
22,000,000
$
0
Warrants
6/16/2010
4
$
10,900,000
$
0
Preferred Stock 2
6/16/2010
Preferred Stock
2, 7
R $
545,000
4/21/2010
4
$
4,000,000
$
0
Preferred Stock 2
4/21/2010
Preferred Stock
2, 7
R $
200,000
8/4/2010
4
$
20,000,000
$
9/29/2010
4
$
5,000,000
$
4
2,240,000
0
39,000,000
0
Preferred Stock w/
Warrants
Warrants
Page 13 of 58
Seller
Footnote
3, 30 8/13/2010
2
2
2
2
2
2
3, 30 9/24/2010
2
Purchase Date
Purchase Details
Name of Institution
City
2/6/2009
2/6/2009
Carolina Trust Bank
Alaska Pacific Bancshares, Inc.
2/6/2009
PGB Holdings, Inc.
Chicago
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
2/6/2009
The Freeport State Bank
Stockmens Financial Corporation
US Metro Bank
First Express of Nebraska, Inc.
Mercantile Capital Corp.
Citizens Commerce Bancshares, Inc.
Harper
Rapid City
Garden Grove
Gering
Boston
Versailles
KS
SD
CA
NE
MA
KY
2/6/2009
Liberty Financial Services, Inc.
New Orleans
LA
2/6/2009
Houston
2/6/2009
2/13/2009
Lone Star Bank
Union First Market Bankshares Corporation
(First Market Bank, FSB)
Banner County Ban Corporation
Centrix Bank & Trust
Todd Bancshares, Inc.
Georgia Commerce Bancshares, Inc.
First Bank of Charleston, Inc.
F & M Financial Corporation
The Bank of Currituck
CedarStone Bank
Community Holding Company of Florida, Inc.
Hyperion Bank
Pascack Bancorp, Inc.
(Pascack Community Bank)
First Western Financial, Inc.
QCR Holdings, Inc.
2/13/2009
Westamerica Bancorporation
18
2/6/2009
2
2
2
2
2
2
2, 34
2
2
2
2, 13 2/10/2010
2
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
Lincolnton
Juneau
State
NC
AK
Investment Description
Investment Amount
Pricing
Mechanism
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
$
$
4,000,000
4,781,000
Par
Par
Preferred Stock
$
3,000,000
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
$
$
$
$
$
$
301,000
15,568,000
2,861,000
5,000,000
3,500,000
6,300,000
Par
Par
Par
Par
Par
Par
Preferred Stock
$
5,645,000
Par
TX
Preferred Stock w/ Exercised Warrants
$
3,072,000
Par
Bowling Green
VA
Preferred Stock
$
33,900,000
Par
Harrisburg
Bedford
Hopkinsville
Atlanta
Charleston
Salisbury
Moyock
Lebanon
Miramar Beach
Philadelphia
NE
NH
KY
GA
WV
NC
NC
TN
FL
PA
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
$
$
$
$
$
$
$
$
$
$
795,000
7,500,000
4,000,000
8,700,000
3,345,000
17,000,000
4,021,000
3,564,000
1,050,000
1,552,000
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
IL
Treasury Investment Remaining
After Capital Repayment
Capital Repayment Details
Westwood
NJ
Preferred Stock w/ Exercised Warrants
$
3,756,000
Par
Denver
Moline
CO
IL
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Warrants
$
$
8,559,000
38,237,000
Par
Par
San Rafael
CA
Preferred Stock w/ Warrants
$
83,726,000
Par
Capital
Repayment Date
Capital Repayment
Amount (Loss) 6
Remaining Capital
Amount
The Bank of Kentucky Financial Corporation
Crestview Hills
KY
Preferred Stock w/ Warrants
$
34,000,000
Par
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
PremierWest Bancorp
Carrollton Bancorp
FNB United Corp.
First Menasha Bancshares, Inc.
1st Enterprise Bank
DeSoto County Bank
Security Bancshares of Pulaski County, Inc.
Medford
Baltimore
Asheboro
Neenah
Los Angeles
Horn Lake
Waynesville
OR
MD
NC
WI
CA
MS
MO
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
$
$
$
$
$
$
$
41,400,000
9,201,000
51,500,000
4,797,000
4,400,000
1,173,000
2,152,000
Par
Par
Par
Par
Par
Par
Par
2/13/2009
State Capital Corporation
Greenwood
MS
Preferred Stock w/ Exercised Warrants
$
15,000,000
Par
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
2/13/2009
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
Greenville
Corning
Basin
Lamar
Santa Paula
Frontenac
Hartsville
Lynden
SC
AR
WY
CO
CA
MO
SC
WA
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
$
$
$
$
$
$
$
$
1,000,000
638,000
5,000,000
10,000,000
2,900,000
40,000,000
1,500,000
18,000,000
Par
Par
Par
Par
Par
Par
Par
Par
2/13/2009
First Choice Bank
Cerritos
CA
Preferred Stock w/ Exercised Warrants
$
2,200,000
Par
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
2/20/2009
Gregg Bancshares, Inc.
Hometown Bancshares, Inc.
Midwest Regional Bancorp, Inc.
Bern Bancshares, Inc.
Northwest Bancorporation, Inc.
Liberty Bancshares, Inc.
F&M Financial Corporation
Meridian Bank
Northwest Commercial Bank
Royal Bancshares of Pennsylvania, Inc.
Ozark
Corbin
Festus
Bern
Spokane
Springfield
Clarksville
Devon
Lakewood
Narberth
MO
KY
MO
KS
WA
MO
TN
PA
WA
PA
27
2/20/2009
First Merchants Corporation
Muncie
IN
2, 25
2
2
2/20/2009
2/20/2009
2/20/2009
2/20/2009
Northern States Financial Corporation
Sonoma Valley Bancorp
Guaranty Bancorp, Inc.
The Private Bank of California
Waukegan
Sonoma
Woodsville
Los Angeles
IL
CA
NH
CA
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised 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
Trust Preferred Securities w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
825,000
1,900,000
700,000
985,000
10,500,000
21,900,000
17,243,000
6,200,000
1,992,000
30,407,000
69,600,000
46,400,000
17,211,000
8,653,000
6,920,000
5,450,000
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
2
2
2
2
2, 30 9/29/2010
2
2
2
2
2
2
2
2
2, 30 9/24/2010
Final
Disposition
Date
Disposition
Investment
Description
15
Final Disposition
Proceeds
8/13/2010
4
$
3,000,000
$
0
N/A
N/A
N/A
-
N/A
9/24/2010
4
$
5,645,000
$
0
N/A
N/A
N/A
-
N/A
12/3/2010
34
$
1,742,850
$
0
N/A
N/A
N/A
-
N/A
Preferred Stock 2
9/29/2010
Preferred Stock
4
2/13/2009
Final Disposition
Remaining
Investment
Description
41,863,000
Preferred Stock w/
Warrants
Warrants
Preferred Stock w/
Warrants
$
41,863,000
$
11/18/2009
4
$
41,863,000
$
12/22/2010
4
$
17,000,000
$
9/29/2010
4
$
15,000,000
$
9/24/2010
4
$
2,200,000
$
0
N/A
9/24/2010
Preferred Stock
11/10/2009
4
$
700,000
$
0
Preferred Stock 2
11/10/2009
Preferred Stock
9/2/2009
0
17,000,000
34
2, 7,
0
30a
R $
750,000
R $
110,000
R $
35,000
2, 7,
30a
2, 7
Page 14 of 58
Seller
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
Capital Repayment
Amount (Loss) 6
Remaining Capital
Amount
Final Disposition
Remaining
Investment
Description
Final
Disposition
Date
Preferred Stock 2
9/29/2010
Preferred Stock
Preferred Stock 2
9/29/2010
Preferred Stock
Disposition
Investment
Description
Footnote
Purchase Date
2, 30 9/29/2010
2/20/2009
Lafayette Bancorp, Inc.
Oxford
MS
Preferred Stock w/ Exercised Warrants
$
1,998,000
Par
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
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
Hinesville
Fayetteville
San Mateo
Buffalo
Malvern
Medford
New Market
Oneonta
Charleston
Cartersville
GA
AR
CA
WY
PA
WI
MN
AL
MO
GA
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
$
$
$
$
$
$
$
$
$
$
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
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
2/20/2009
BancPlus Corporation
Ridgeland
MS
Preferred Stock w/ Exercised Warrants
$
48,000,000
Par
2/20/2009
2/20/2009
2/20/2009
2/20/2009
2/20/2009
2/27/2009
Central Community Corporation
First BancTrust Corporation
Premier Service Bank
Florida Business BancGroup, Inc.
Hamilton State Bancshares
Lakeland Financial Corporation
Temple
Paris
Riverside
Tampa
Hoschton
Warsaw
TX
IL
CA
FL
GA
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/ Warrants
$
$
$
$
$
$
22,000,000
7,350,000
4,000,000
9,495,000
7,000,000
56,044,000
Par
Par
Par
Par
Par
Par
6/9/2010
5
$
56,044,000
$
0
Warrants
2/27/2009
First M&F Corporation
Kosciusko
MS
Preferred Stock w/ Warrants
$
30,000,000
Par
9/29/2010
4
$
30,000,000
$
0
Warrants
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
Southern First Bancshares, Inc.
Integra Bank Corporation
Community First Inc.
BNC Financial Group
Group, Inc
Inc.
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
Greenville
Evansville
Columbia
New Canaan
Lafayette
Buena Vista
Bettendorf
Mobeetie
Brookfield
West Sacramento
Burley
Pittsburgh
Green City
Gothenburg
Clive
Minneapolis
Nowata
Garland
Salt Lake City
SC
IN
TN
CT
CA
CO
IA
TX
WI
CA
ID
PA
MO
NE
IA
MN
OK
TX
UT
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
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
17,299,000
83,586,000
17,806,000
4 797 000
4,797,000
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
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
4/14/2010
4
$
731,000
$
0
Preferred Stock 2
4/14/2010
Preferred Stock
7/14/2010
4
$
651,000
$
0
Preferred Stock 2
7/14/2010
Preferred Stock
2/27/2009
PSB Financial Corporation
Many
LA
Preferred Stock w/ Exercised Warrants
$
9,270,000
Par
9/29/2010
4
$
9,270,000
$
0
Preferred Stock 2
9/29/2010
Preferred Stock
2/27/2009
2/27/2009
2/27/2009
Nashville
Ellicott City
South San Francisco
TN
MD
CA
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
$
$
$
7,400,000
5,983,000
12,000,000
Par
Par
Par
Limerick
PA
Preferred Stock w/ Exercised Warrants
$
541,000
Par
2/27/2009
2/27/2009
3/6/2009
3/6/2009
3/6/2009
Avenue Financial Holdings, Inc.
Howard Bancorp, Inc.
FNB Bancorp
The Victory Bancorp, Inc.
(The Victory Bank)
Catskill Hudson Bancorp, Inc
Midtown Bank & Trust Company
HCSB Financial Corporation
First Busey Corporation
First Federal Bancshares of Arkansas, Inc.
Rock Hill
Atlanta
Loris
Urbana
Harrison
NY
GA
SC
IL
AR
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Warrants
$
$
$
$
$
3,000,000
5,222,000
12,895,000
100,000,000
16,500,000
Par
Par
Par
Par
Par
3/6/2009
Citizens Bancshares Corporation
Atlanta
GA
Preferred Stock
$
7,462,000
Par
8/13/2010
4
$
7,462,000
$
0
N/A
N/A
N/A
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
ICB Financial
First
Fi t Texas
T
BHC,
BHC IInc.
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.
Ontario
F
Fortt Worth
W th
Houston
Independence
Florence
Toone
Alamosa
Germantown
Houston
Collinsville
Sebring
Orange City
Shelbyville
Vero Beach
Goff
CA
TX
TX
MO
SC
TN
CO
TN
TX
OK
FL
FL
IN
FL
KS
Preferred Stock w/ Exercised Warrants
P
Preferred
f
d Stock
St k w// Exercised
E
i d Warrants
W
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/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
6,000,000
13,533,000
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
Par
P
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
2
2
2
2
2
2
2
2
2
2
2, 30 9/29/2010
2
2
2
2
2
30 9/29/2010
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2, 30 9/29/2010
2
2
2
2, 13 12/4/2009
2
2
3, 30 8/13/2010
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
15
Final Disposition
Proceeds
2, 7,
9/29/2010
4
9/29/2010
4
$
1,998,000
$
48,000,000
$
0
R $
100,000
R $
2,400,000
2, 7
R $
37,000
2, 7
R $
33,000
R $
464,000
30a
2, 7,
$
0
30a
2, 7,
2/27/2009
30a
-
N/A
Page 15 of 58
Seller
Footnote
Purchase Date
2
2
2
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, 30 8/13/2010
2
2
2
2
2
2
2
2, 3a 11/13/2009
30 9/3/2010
2
2
2
2
2
Purchase Details
Name of Institution
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.
City
Davie
Madison
Colquitt
Warren
Lakeville
Dixon
Riverwoods
Rock Hill
State
FL
WI
GA
OH
CT
CA
IL
SC
Investment Description
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
Investment Amount
$
$
$
$
$
$
$
$
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
Pricing
Mechanism
Par
Par
Par
Par
Par
Par
Par
Par
3/13/2009
First American International Corp.
Brooklyn
NY
Preferred Stock
$
17,000,000
Par
3/13/2009
3/13/2009
3/13/2009
3/13/2009
3/13/2009
3/13/2009
3/13/2009
BancIndependent, Inc.
Haviland Bancshares, Inc.
1st United Bancorp, Inc.
Madison Financial Corporation
First National Corporation
St. Johns Bancshares, Inc.
Blackhawk Bancorp, Inc.
Sheffield
Haviland
Boca Raton
Richmond
Strasburg
St. Louis
Beloit
AL
KS
FL
KY
VA
MO
WI
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
$
$
$
$
$
$
$
21,100,000
425,000
10,000,000
3,370,000
13,900,000
3,000,000
10,000,000
Par
Par
Par
Par
Par
Par
Par
3/13/2009
IBW Financial Corporation
Washington
DC
Preferred Stock
$
6,000,000
Par
2
2
2
2
2
2
2
2
2
2
2
2
2
2
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
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
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
2
3/27/2009
Colonial American Bank
West Conshohocken
PA
Preferred Stock w/ Exercised Warrants
$
574,000
Par
2
2
2
2
2
2
2
2
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
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.
Kingwood
Frontenac
Glenwood Springs
Naples
Russellville
Irving
Bristow
Towson
Glen Ellen
TX
MO
CO
FL
AL
TX
OK
MD
VA
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised 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
$
$
$
$
$
$
$
$
$
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
Par
Par
Par
Par
Par
Par
Par
Par
Par
4/3/2009
Tri-State Bank of Memphis
Memphis
TN
Preferred Stock
$
2,795,000
Par
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
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
Arnold
Festus
Titonka
Edwards
Kingsport
Olathe
Harrison
Theodore
Newark
San Diego
Sterling
Milwaukee
Chicago
Mocksville
Wayne
Tifton
MO
MO
IA
CO
TN
KS
AR
AL
NJ
CA
IL
WI
IL
NC
PA
GA
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ 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
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
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
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
2, 3, 30 8/13/2010
2
2
2
2
2
2
2
2
2, 3
2
2
2
2
2
2, 25a
Treasury Investment Remaining
After Capital Repayment
Capital Repayment Details
Capital
Repayment Date
Capital Repayment
Amount (Loss) 6
Remaining Capital
Amount
Final Disposition
Remaining
Investment
Description
Final
Disposition
Date
Disposition
Investment
Description
15
Final Disposition
Proceeds
4/21/2010
4
$
1,224,558,000
$
0
Warrants
7/7/2010
Warrants
8/13/2010
4
$
17,000,000
$
0
N/A
N/A
N/A
12/29/2010
11/18/2009
4
4
$
$
425,000
10,000,000
$
$
0
0
Preferred Stock 2
Preferred Stock 2
12/29/2010
11/18/2009
Preferred Stock
Preferred Stock
9/3/2010
4
$
6,000,000
$
0
N/A
N/A
N/A
-
N/A
8/13/2010
4
$
2,795,000
$
0
N/A
N/A
N/A
-
N/A
R $
2, 7
2, 7
R $
R $
172,000,000
N/A
21,000
500,000
Page 16 of 58
Seller
Purchase Details
Name of Institution
City
State
Investment Description
Investment Amount
Pricing
Mechanism
Footnote
Purchase Date
2
2
2
2
2
2
2
2
2
2
2
2
2
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
4/24/2009
4/24/2009
4/24/2009
4/24/2009
4/24/2009
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.
Business Bancshares, Inc.
Standard Bancshares, Inc.
York Traditions Bank
Grand Capital Corporation
Allied First Bancorp, Inc.
Patterson
New York
Lakewood
Manistique
Birmingham
Richardson
Salem
Easley
Dana
Clayton
Hickory Hills
York
Tulsa
Oswego
LA
NY
CO
MI
MI
TX
OR
SC
IN
MO
IL
PA
OK
IL
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
$
$
$
$
$
$
$
$
$
$
$
$
$
$
3,690,000
7,500,000
2,816,000
11,000,000
1,635,000
1,500,000
3,216,000
12,660,000
1,312,000
15,000,000
60,000,000
4,871,000
4,000,000
3,652,000
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
8
4/24/2009
Frontier Bancshares, Inc.
Austin
TX
Subordinated Debentures w/ Exercised
Warrants
$
3,000,000
Par
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, 13 8/31/2010
2
2
Highlands Bancorp, Inc.
(Highlands State Bank)
One Georgia Bank
Gateway Bancshares, Inc.
Vernon
NJ
5/8/2009
5/8/2009
Atlanta
Ringgold
GA
GA
8
5/8/2009
Freeport Bancshares, Inc.
Freeport
IL
5/8/2009
8
5/8/2009
Investors Financial Corporation of Pettis County, Inc. Sedalia
MO
8
5/8/2009
Sword Financial Corporation
Horicon
WI
3, 8, 30 8/13/2010
2
2
2
2
2
2
2
3, 8, 30 9/10/2010
8
5/8/2009
Premier Bancorp, Inc.
Wilmette
5/15/2009
5/15/2009
5/15/2009
5/15/2009
5/15/2009
5/15/2009
5/15/2009
5/15/2009
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.
Grand Rapids
Closter
Medina
Glen Ellyn
Huntsville
Overland Park
Cleveland
Rockford
5/15/2009
IBC Bancorp, Inc.
5/15/2009
Boscobel Bancorp, Inc
IL
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
6,100,000
Par
$
10 750 000
10,750,000
Par
Preferred Stock w/ Exercised Warrants
$
3,091,000
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
$
$
5,500,000
6,000,000
Par
Par
$
3,000,000
Par
$
4,000,000
Par
$
13,644,000
Par
Subordinated Debentures
$
6,784,000
Par
MI
NJ
OH
IL
AL
KS
TN
IL
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
$
$
$
$
$
$
$
$
21,000,000
1,341,000
4,700,000
6,970,000
2,720,000
14,800,000
4,862,000
15,000,000
Par
Par
Par
Par
Par
Par
Par
Par
Chicago
IL
Subordinated Debentures
$
4,205,000
Par
Boscobel
WI
$
5,586,000
Par
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
Th
The L
Landrum
d
Company
C
First Advantage Bancshares Inc.
Fort Lee Federal Savings Bank
Blackridge Financial, Inc.
Illinois State Bancorp, Inc.
Universal Bancorp
Franklin Bancorp, Inc.
C l bi
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
8
5/22/2009
F & C Bancorp, Inc.
Holden
MO
IA
8
5/22/2009
Diamond Bancorp, Inc.
Washington
MO
Capital
Repayment Date
Capital Repayment
Amount (Loss) 6
Remaining Capital
Amount
Final Disposition
Remaining
Investment
Description
Final
Disposition
Date
Subordinated
Debentures 8
Subordinated
Debentures 8
10/6/2010
Subordinated
Debentures 8
Disposition
Investment
Description
15
Final Disposition
Proceeds
11/24/2009
4
$
1,600,000
$
10/6/2010
4
$
1,400,000
$
0
8/13/2010
4
$
6,784,000
$
0
N/A
N/A
N/A
-
N/A
9/10/2010
4
$
4,205,000 $
0
N/A
N/A
N/A
-
N/A
1,400,000
7
R $
150,000
Par
Par
Par
Par
Par
$
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Preferred
P f
d Stock
St k w// Exercised
E
i d Warrants
W
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
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Treasury Investment Remaining
After Capital Repayment
Capital Repayment Details
$
2,400,000
Par
$
1,100,000
Par
$
2,639,000
Par
$
20,300,000
Par
$
$
$
$
$
$
$
15,000,000
15 000 000
1,177,000
1,300,000
5,000,000
6,272,000
9,900,000
5,097,000
P
Par
Par
Par
Par
Par
Par
Par
$
20,400,000
Par
$
6,349,000
Par
$
2,993,000
Par
$
20,445,000
Par
Page 17 of 58
Seller
Purchase Details
Name of Institution
City
State
Footnote
Purchase Date
8
5/22/2009
United Bank Corporation
Barnesville
GA
2
2
2
2
2
5/29/2009
5/29/2009
5/29/2009
5/29/2009
5/29/2009
5/29/2009
Community Bank Shares of Indiana, Inc.
American Premier Bancorp
CB Holding Corp.
Citizens Bancshares Co.
Grand Mountain Bancshares, Inc.
Two Rivers Financial Group
New Albany
Arcadia
Aledo
Chillicothe
Granby
Burlington
IN
CA
IL
MO
CO
IA
Investment Description
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
8, 10
6/5/2009
OneFinancial Corporation
Little Rock
AR
2
2, 10, 30 9/29/2010
6/12/2009
Berkshire Bancorp, Inc.
Wyomissing
PA
Subordinated Debentures w/ Exercised
Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Preferred Stock w/ Exercised Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Preferred Stock w/ Exercised Warrants
6/12/2009
First Vernon Bancshares, Inc.
Vernon
AL
6/12/2009
6/12/2009
6/12/2009
SouthFirst Bancshares, Inc.
Virginia Company Bank
Enterprise Financial Services Group, Inc.
Sylacauga
Newport News
Allison Park
AL
VA
PA
2
2, 10
2
6/12/2009
First Financial Bancshares, Inc.
Lawrence
KS
8
6/12/2009
River Valley Bancorporation, Inc.
Wausau
WI
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, 30 7/30/2010
6/19/2009
University Financial Corp, Inc.
St. Paul
MN
2
2, 10
2
2, 10, 30 9/29/2010
Investment Amount
Pricing
Mechanism
$
14,400,000
Par
$
$
$
$
$
$
19,468,000
1,800,000
4,114,000
24,990,000
3,076,000
12,000,000
Par
Par
Par
Par
Par
Par
$
3,942,000
Par
$
19,817,000
Par
$
5,000,000
Par
$
17,969,000
Par
$
17,300,000
Par
$
2,892,000
Par
Preferred Stock w/ Exercised Warrants
$
6,000,000
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
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
$
$
$
2,760,000
4,700,000
4,000,000
Par
Par
Par
Capital
Repayment Date
Capital Repayment
Amount (Loss) 6
Final Disposition
Remaining
Investment
Description
Final
Disposition
Date
0
Preferred Stock 2
9/29/2010
Preferred Stock
Remaining Capital
Amount
Disposition
Investment
Description
15
Final Disposition
Proceeds
2, 7,
8, 10
8
Treasury Investment Remaining
After Capital Repayment
Capital Repayment Details
Subordinated Debentures
9/29/2010
4
7/30/2010
4
$
11,926,000
$
0
N/A
N/A
N/A
3,400,000,000
$
0
Warrants
9/21/2010
Warrants
$
6,000,000 $
$
3,756,000
Par
$
15,000,000
Par
$
$
3,510,000
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
$
11,926,000
Par
$
15,000,000
Par
$
$
$
$
3,400,000,000
3,000,000
5,625,000
21,042,000
Par
Par
Par
Par
3/31/2010
4
$
9/29/2010
4
$
17,388,000 $
0
Preferred Stock 2
9/29/2010
Preferred Stock
8/20/2010
4
$
11,735,000 $
0
N/A
N/A
N/A
12/15/2010
4
$
1,700,000
$
0
Subordinated
Debentures 8
12/15/2010
Subordinated
Debentures 8
6/30/2010
4
$
950,000,000
$
0
Warrants
9/16/2010
Warrants
6/19/2009
Suburban Illinois Bancorp, Inc.
Elmhurst
IL
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.
Hartford
Plano
Waukesha
Houston
CT
TX
WI
TX
Subordinated Debentures w/ Exercised
Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
6/26/2009
Security Capital Corporation
Batesville
MS
Preferred Stock w/ Exercised Warrants
$
17,388,000
Par
Par
Par
Par
30a
R $
-
245,000
N/A
A $
713,687,430
R $
522,000
2, 7,
2
2
2, 10
2, 3, 10, 30 8/20/2010
2
2
2
6/26/2009
6/26/2009
6/26/2009
First Alliance Bancshares, Inc.
Gulfstream Bancshares, Inc.
Gold Canyon Bank
Cordova
Stuart
Gold Canyon
TN
FL
AZ
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
$
$
$
3,422,000
7,500,000
1,607,000
6/26/2009
M&F Bancorp, Inc.
Durham
NC
Preferred Stock
$
11,735,000
Par
6/26/2009
6/26/2009
6/26/2009
Metropolitan Bank Group, Inc.
NC Bancorp, Inc.
Alliance Bancshares, Inc.
Chicago
Chicago
Dalton
IL
IL
GA
$
$
$
71,526,000
6,880,000
2,986,000
Par
Par
Par
8
6/26/2009
Stearns Financial Services
Services, Inc
Inc.
St Cloud
St.
MN
$
24 900 000
24,900,000
Par
8
6/26/2009
Signature Bancshares, Inc.
Dallas
TX
$
1,700,000
Par
8
6/26/2009
Fremont Bancorporation
Fremont
CA
$
35,000,000
Par
8
6/26/2009
Alliance Financial Services Inc.
Saint Paul
MN
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
$
12,000,000
Par
7/10/2009
Lincoln National Corporation
Radnor
PA
Preferred Stock w/ Warrants
$
950,000,000
Par
2, 10
2
2
2, 3
7/10/2009
7/17/2009
7/17/2009
7/17/2009
Bancorp Financial, Inc.
Brotherhood Bancshares, Inc.
SouthCrest Financial Group, Inc.
Harbor Bankshares Corporation
Oak Brook
Kansas City
Fayetteville
Baltimore
IL
KS
GA
MD
$
$
$
$
13,669,000
11,000,000
12,900,000
6,800,000
Par
Par
Par
Par
8
7/17/2009
First South Bancorp, Inc.
Lexington
TN
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock
Subordinated Debentures w/ Exercised
Warrants
$
50,000,000
Par
30a
-
7
N/A
R $
85,000
A $
216,620,887
Page 18 of 58
Seller
Purchase Details
Name of Institution
City
State
Footnote
Purchase Date
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
Investment Description
9/4/2009
The State Bank of Bartley
Bartley
NE
9/11/2009
Pathfinder Bancorp, Inc.
Oswego
NY
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Subordinated Debentures w/ Exercised
Warrants
Preferred Stock w/ Exercised Warrants
Subordinated Debentures w/ Exercised
Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Subordinated Debentures w/ Exercised
Warrants
Preferred Stock
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Subordinated Debentures w/ Exercised
Warrants
Subordinated Debentures w/ Exercised
Warrants
Preferred Stock w/ Warrants
9/11/2009
Community Bancshares of Mississippi, Inc.
Brandon
MS
9/11/2009
9/11/2009
Heartland Bancshares, Inc.
PFSB Bancorporation, Inc.
Franklin
Pigeon Falls
IN
WI
9/11/2009
First Eagle Bancshares, Inc.
Hanover Park
IL
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
8
9/25/2009
8
8/21/2009
AmFirst Financial Services, Inc.
McCook
NE
2, 3
2
2, 10
8/28/2009
8/28/2009
8/28/2009
First Independence Corporation
First Guaranty Bancshares, Inc.
CoastalSouth Bancshares, Inc.
Detroit
Hammond
Hilton Head Island
MI
LA
SC
8, 10
8/28/2009
TCB Corporation
Greenwood
SC
8, 10
2, 30 9/29/2010
2, 10
2, 10
8, 30 9/17/2010
Treasury Investment Remaining
After Capital Repayment
Capital Repayment Details
Investment Amount
Pricing
Mechanism
$
8,400,000
$
2,500,000
Par
$
$
$
13,312,000
3,872,000
20,471,000
Par
Par
Par
$
50,000,000
Par
$
7,000,000
Par
$
3,742,000
Par
$
$
$
$
20,000,000
50,236,000
1,004,000
4,000,000
Par
Par
Par
Par
Capital
Repayment Date
Capital Repayment
Amount (Loss) 6
Remaining Capital
Amount
Final Disposition
Remaining
Investment
Description
Final
Disposition
Date
Disposition
Investment
Description
15
Final Disposition
Proceeds
Par
$
5,000,000
Par
$
$
$
3,223,000
20,699,000
16,015,000
Par
Par
Par
$
9,720,000
Par
$
1,697,000
Par
$
6,771,000
Par
Preferred Stock w/ Exercised Warrants
$
52,000,000
Par
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
$
$
$
$
5,976,000
10,000,000
10,103,000
3,300,000
Par
Par
Par
Par
2, 7,
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
Grand Financial Corporation
Hattiesburg
MS
$
2,443,320
Par
3, 8, 30 7/30/2010
10, 21
9/25/2009
Guaranty Capital Corporation
Belzoni
MS
Subordinated Debentures
$
14,000,000
Par
9/25/2009
GulfSouth Private Bank
Destin
FL
$
7,500,000
Par
8, 10
9/25/2009
Steele Street Bank Corporation
Denver
CO
$
11,019,000
Par
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
Preferred Stock w/ Exercised Warrants
Subordinated Debentures w/ Exercised
Warrants
Preferred Stock w/ Warrants
Preferred Stock w/ Exercised Warrants
Preferred Stock w/ Exercised Warrants
Subordinated Debentures w/ Exercised
Warrants
Preferred Stock w/ Exercised Warrants
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
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
$
$
$
22,252,000
4,000,000
12,700,000
Par
Par
Par
$
6,251,000
Par
$
$
$
$
6,229,000
6,842,000
3,535,000
6,657,000
Par
Par
Par
Par
$
4,400,000
Par
$
$
$
$
$
$
$
$
$
5,000,000
10,800,000
6,000,000
2,348,000
,
,
6,000,000
9,000,000
6,500,000
22,000,000
12,000,000
Par
Par
Par
Par
Par
Par
Par
Par
Par
$
2,000,000
Par
$
$
$
$
$
$
$
6,319,000
6,000,000
2,417,000
11,881,000
6,335,000
1,505,000
2,032,000
Par
Par
Par
Par
Par
Par
Par
8
10/23/2009
Cardinal Bancorp II, Inc.
Washington
MO
2
2, 10a
2, 10a
2, 10
10/30/2009
10/30/2009
11/6/2009
11/13/2009
Randolph Bank & Trust Company
WashingtonFirst Bankshares, Inc.
F & M Bancshares, Inc.
Fidelity Federal Bancorp
Asheboro
Reston
Trezevant
Evansville
NC
8, 10
11/13/2009
Community Pride Bank Corporation
Ham Lake
MN
2, 10a
2, 10
2
2, 10a
3,, 10a
2
2, 10
2
2, 10
11/13/2009
11/20/2009
11/20/2009
11/20/2009
12/4/2009
12/4/2009
12/4/2009
12/11/2009
12/11/2009
HPK Financial Corporation
Presidio Bank
McLeod Bancshares, Inc.
Metropolitan Capital Bancorp, Inc.
p
Broadwayy Financial Corporation
Delmar Bancorp
Liberty Bancshares, Inc.
First Community Financial Partners, Inc.
Wachusett Financial Services, Inc.
Chicago
San Francisco
Shorewood
Chicago
g
Los Angeles
Delmar
Fort Worth
Joliet
Clinton
CA
MD
TX
IL
MA
8
12/11/2009
Nationwide Bankshares, Inc.
West Point
NE
2, 10a
2, 10a
2, 10a
2, 10a
2, 10a
2, 10a
2, 10a
12/11/2009
12/11/2009
12/11/2009
12/11/2009
12/11/2009
12/11/2009
12/11/2009
GrandSouth Bancorporation
1st Enterprise Bank
First Resource Bank
First Western Financial, Inc.
Meridian Bank
The Victory Bancorp, Inc.
First Business Bank, N.A.
Greenville
Los Angeles
Exton
Denver
Devon
Limerick
San Diego
SC
CA
PA
CO
PA
PA
CA
VA
TN
IN
IL
CA
MN
IL
Preferred Stock w/ Exercised Warrants
Preferred Stock
9/29/2010
4
$
52,000,000 $
0
Preferred Stock 2
9/29/2010
Preferred Stock
9/17/2010
4
$
7,500,000 $
0
Subordinated
Debentures 8
9/17/2010
Subordinated
Debentures 8
7/30/2010
4
$
14,000,000
$
0
N/A
N/A
N/A
12/29/2010
4
$
2,000,000
$
0
Subordinated
Debentures 8
12/29/2010
Subordinated
Debentures 8
30a
30a
R $
2,600,000
R $
375,000
-
7
R $
N/A
100,000
Page 19 of 58
Seller
Purchase Details
Name of Institution
City
State
Investment Description
Investment Amount
Pricing
Mechanism
Footnote
Purchase Date
2
2, 10
2
2, 10a
2, 10a
2, 10a
2, 10a
2, 10a
2, 10
2, 10a, 30 9/24/2010
2, 10a, 13 8/31/2010
2, 10a
2, 10a
2, 10a
2, 10
2, 10
2
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
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.
Milwaukee
Harrisburg
Saginaw
Logan
Birmingham
Malvern
Closter
Oxford
Lebanon
WI
PA
MI
UT
MI
PA
NJ
NC
TN
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
$
$
$
$
$
$
$
$
$
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
Par
Par
Par
Par
Par
Par
Par
Par
Par
12/22/2009
First Choice Bank
Cerritos
CA
Preferred Stock
$
2,836,000
Par
Vernon
NJ
Preferred Stock
$
2,359,000
Par
12/22/2009
12/22/2009
12/22/2009
12/29/2009
12/29/2009
12/29/2009
Highlands Bancorp, Inc.
(Highlands State Bank)
Medallion Bank
Catskill Hudson Bancorp, Inc
TriSummit Bank
Atlantic Bancshares, Inc.
Union Financial Corporation
Mainline Bancorp, Inc.
Salt Lake City
Rock Hill
Kingsport
Bluffton
Albuquerque
Ebensburg
UT
NY
TN
SC
NM
PA
$
$
$
$
$
$
9,698,000
3,500,000
4,237,000
2,000,000
2,179,000
4,500,000
Par
Par
Par
Par
Par
Par
8, 10
12/29/2009
FBHC Holding Company
Boulder
CO
$
3,035,000
Par
2, 10a
2, 10a
2, 10a, 30 9/29/2010
2, 10a
2 10
2,
10a
2, 10a
12/29/2009
12/29/2009
Western Illinois Bancshares Inc.
DeSoto County Bank
Monmouth
Horn Lake
IL
MS
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
$
$
4,567,000
1,508,000
Par
Par
12/29/2009
Lafayette Bancorp, Inc.
Oxford
MS
Preferred Stock
$
2,453,000
Par
12/29/2009
12/29/2009
12/29/2009
Private Bancorporation, Inc.
CBB B
Bancorp
Illinois State Bancorp, Inc.
Minneapolis
C t
Cartersville
ill
Chicago
MN
GA
IL
Preferred Stock
Preferred Stock
Preferred Stock w/ Exercised Warrants
$
$
$
3,262,000
1 753 000
1,753,000
4,000,000
Par
P
Par
Par
$
204,940,341,320
12/22/2009
Total Purchase Amount *
Treasury Investment Remaining
After Capital Repayment
Capital Repayment Details
Capital
Repayment Date
Capital Repayment
Amount (Loss) 6
Remaining Capital
Amount
Final Disposition
Remaining
Investment
Description
Final
Disposition
Date
Disposition
Investment
Description
15
Final Disposition
Proceeds
9/24/2010
4
$
2,836,000
$
0
N/A
N/A
N/A
-
N/A
9/29/2010
4
$
2,453,000
$
0
N/A
N/A
N/A
-
N/A
Total Repaid **
$
167,925,885,706
Losses***
$
(2,578,099,294)
$
34,436,356,320
TOTAL TREASURY CAPITAL PURCHASE PROGRAM (CPP) OUTSTANDING INVESTMENT AMOUNT
Total Warrant Proceeds****
$
6,905,541,725
* Total purchase amount includes the capitalization of accrued dividends referred to in Notes 20, 22, 28 and 29.
** Total repaid includes (i) the amount of $25 billion applied as repayment under the Capital Purchase Program from the total proceeds of $31.85 billion received pursuant to the sales of Citigroup, Inc. common stock as of December 6, 2010 (see Note 23 and "Capital Purchase Program - Citigroup Common Stock Disposition" on following pages) and (ii) the
amount of $363,290,000 repaid by institutions that have completed exchanges for investments under the Community Development Capital Initiative (see Note 30 and "Community Development Capital Initiative" on following pages).
*** Losses include (i) the investment amount for institutions that have completed bankruptcy proceedings (see Notes 16 and 19) and (ii) the investment amount less the amount of final proceeds for institutions where Treasury has completed a sale (see Notes 26, 32 and 34), but excludes investment amounts for institutions that have pending receivership or
bankruptcy proceedings (see Notes 14 and 25).
**** Total warrant proceeds includes $7,566,000, which represents the total amount of warrants that were included in nine institutions' exchange into the CDCI program (see Note 30a).
Notes appear on the following page.
Page 20 of 58
1a/ This transaction was included in previous Transaction Reports with Merrill Lynch & Co., Inc. listed as the qualifying institution and a 10/28/2008 transaction date, footnoted to indicate that settlement was deferred pending merger. The purchase of Merrill Lynch by Bank of America was completed on 1/1/2009, and this transaction under the CPP was
1b/ The warrant disposition proceeds amount are stated pro rata in respect of the CPP investments in Bank of America Corporation that occurred on 10/28/2008 and 1/9/2009. The total gross disposition proceeds from CPP warrants on 3/3/2010 was $310,571,615, consisting of $186,342,969 and $124,228,646. Proceeds from the disposition of TIP
warrants on 3/3/2010 appear on a following page of this report.
2/ Privately-held qualified financial institution; Treasury received a warrant to purchase additional shares of preferred stock (unless the institution is a CDFI), which it exercised immediately.
3/ To promote community development financial institutions (CDFIs), Treasury does not require warrants as part of its investment in certified CDFIs when the size of the investment is $50 million or less.
3a/ Treasury cancelled the warrants received from this institution due to its designation as a CDFI.
4/ Repayment pursuant to Title VII, Section 7001(g) of the American Recovery and Reinvestment Act of 2009.
5/ Redemption pursuant to a qualified equity offering.
6/ This amount does not include accrued and unpaid dividends, which must be paid at the time of capital repayment.
7/ The proceeds associated with the disposition of this investment do not include accrued and unpaid dividends.
8/ Subchapter S corporation; Treasury received a warrant to purchase additional subordinated debentures (unless the institution is a CDFI), which it exercised immediately.
9/ In its qualified equity offering, this institution raised more capital than Treasury’s original investment, therefore, the number of Treasury’s shares underlying the warrant was reduced by half.
10/ This institution participated in the expansion of CPP for small banks.
10a/ This institution received an additional investment through the expansion of CPP for small banks.
11/ Treasury made three separate investments in Citigroup Inc. (Citigroup) under the CPP, Targeted Investment Program (TIP), and Asset Guarantee Program (AGP) for a total of $49 billion. On 6/9/2009, Treasury entered 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 (CVRs). On 2/8/2010, the CVRs expired without value as the terms and conditions for distribution of common shares to holders of CVRs were
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.
18/ On 2/1/2010, following the acquisition of First Market Bank (First Market) by Union Bankshares Corporation (the acquiror), the preferred stock and exercised warrants issued by First Market on 2/6/2009 were exchanged for a like amount of securities of the acquiror in a single series but with a blended dividend rate equivalent to those of Treasury's
19/ On 2/11/2010, Pacific Coast National Bancorp dismissed its bankruptcy proceedings with no recovery to any creditors or investors, including Treasury, and the investment was extinguished.
20/ On 3/8/2010, Treasury exchanged its $84,784,000 of Preferred Stock in Midwest Banc Holdings, Inc. (MBHI) for $89,388,000 of Mandatory Convertible Preferred Stock (MCP), which is equivalent to the initial investment amount of $84,784,000, plus $4,604,000 of capitalized previously accrued and unpaid dividends. Subject to the fulfillment by
MBHI of the conditions related to its capital plan, the MCP may be converted to common stock.
21/ On 3/30/2010, Treasury exchanged its $7,500,000 of Subordinated Debentures in GulfSouth Private Bank for an equivalent amount of Preferred Stock, in connection with its conversion from a Subchapter S-Corporation, that comply with the CPP terms applicable to privately held qualified financial institutions.
22/ On 4/16/2010, Treasury exchanged its $72,000,000 of Preferred Stock in Independent Bank Corporation (Independent) for $74,426,000 of Mandatory Convertible Preferred Stock (MCP), which is equivalent to the initial investment amount of $72,000,000, plus $2,426,000 of capitalized previously accrued and unpaid dividends. Subject to the
fulfillment by Independent of the conditions related to its capital plan, the MCP may be converted to common stock.
23/ Treasury received Citigroup common stock pursuant to the June 2009 Exchange Agreement between Treasury and Citigroup which provided for the exchange into common shares of the preferred stock that Treasury purchased in connection with Citigroup's participation in the Capital Purchase Program (see note 11). On April 26, 2010, Treasury
gave Morgan Stanley & Co. Incorporated (Morgan Stanley) discretionary authority as its sales agent to sell subject to certain parameters up to 1,500,000,000 shares of the common stock from time to time during the period ending on June 30, 2010 (or on completion of the sale). Completion of the sale under this authority occurred on May 26, 2010. On
May 26, 2010, Treasury again gave Morgan Stanley discretionary authority as its sales agent to sell subject to certain parameters up to 1,500,000,000 shares of the common stock from time to time during the period ending on June 30, 2010 (or on completion of the sale). Completion of the sale under this authority occurred on June 30, 2010. On July
23, 2010, Treasury again gave Morgan Stanley discretionary authority as its sales agent to sell subject to certain parameters up to 1,500,000,000 shares of the common stock from time to time during the period ending on September 30, 2010 (or on completion of the sale). Completion of the sale under this authority occurred on September 30, 2010.
On October 19, 2010, Treasury gave Morgan Stanley & Co. Incorporated (Morgan Stanley) discretionary authority, as its sales agent, to sell subject to certain parameters up to 1,500,000,000 shares of common stock from time to time during the period ending on December 31, 2010 (or upon completion of the sale), which plan was terminated on
December 6, 2010. All such sales were generally made at the market price. On December 6, 2010, Treasury commenced an underwritten public offering of its remaining 2,417,407,607 shares. See "Capital Purchase Program - Citigroup, Inc., Common Stock Disposition" on following page for the actual number of shares sold by Morgan Stanley, the
weighted average price per share and the total proceeds to Treasury from all such sales during those periods.
24/ On 8/26/2010, Treasury completed the exchange of its $303,000,000 of Preferred Stock in Sterling Financial Corporation (Sterling) for a like amount of Mandatorily Convertible Preferred Stock (MCP), pursuant to the terms of the exchange agreement between Treasury and Sterling entered into on 4/29/2010. Since Sterling also fulfilled the
conversion conditions set forth in the Certificate of Designations for the MCP, including those related to its capital plan, Treasury’s $303,000,000 of MCP was subsequently converted into 378,750,000 shares of common stock.
25/ As of the date of this report, the banking subsidiary of this institution has been placed in receivership and the subsidiary's assets and liabilities were ordered to be sold to another bank.
25a/ As of the date of this report, this institution has been placed in receivership and the assets and liabilities were ordered to be sold to another bank.
26/ On 9/30/2010, Treasury completed the sale of all Preferred Stock and Warrants issued by South Financial Group, Inc. to Toronto-Dominion Bank (TD) at an aggregate purchase price of $130,179,218.75 for the Preferred Stock and $400,000 for the Warrants, pursuant to the terms of the agreement between Treasury and TD entered into on
5/18/2010.
27/ On 6/30/2010, Treasury exchanged $46,400,000 of its Series A Preferred Stock in First Merchants Corporation for a like amount of non tax-deductible Trust Preferred Securities issued by First Merchants Capital Trust III.
28/ On 7/20/2010, Treasury completed the exchange of its $400,000,000 of Preferred Stock in First BanCorp for $424,174,000 of Mandatorily Convertible Preferred Stock (MCP), which is equivalent to the initial investment amount of $400,000,000, plus $24,174,000 of capitalized previously accrued and unpaid dividends. Subject to the fulfillment by
First BanCorp of certain conditions, including those related to its capital plan, the MCP may be converted to common stock. First BanCorp has agreed to have Treasury observers attend board of directors meetings.
29/ On 8/31/2010, following the completion of the conditions related to Pacific Capital Bancorp's (Pacific Capital) capital plan, Treasury exchanged its $180,634,000 of Preferred Stock in Pacific Capital for $195,045,000 of Mandatorily Convertible Preferred Stock (MCP), which is equivalent to the initial investment amount of $180,634,000, plus
$14,411,000 of capitalized previously accrued and unpaid dividends. On 9/27/2010, following the completion of the conversion conditions set forth in the Certificate of Designations for the MCP, all of Treasury’s MCP was converted into 360,833,250 shares of common stock of Pacific Capital. Pacific Capital has agreed to have Treasury observers
attend board of directors meetings.
30/ This institution qualified to participate in the Community Development Capital Initiative (CDCI), and has completed an exchange of its Capital Purchase Program investment for an investment under the terms of the CDCI program. See "Community Development Capital Initiative" below.
30a/ At the time of this institution’s exchange into the CDCI program, the warrant preferreds were included in the total amount of preferred stock exchanged for Treasury’s CDCI investment. Therefore this disposition amount does not represent cash proceeds to Treasury.
31/ On 9/30/2010, Treasury completed the exchange of its $ 80,347,000 of Preferred Stock in Hampton Roads Bankshares, Inc. (Hampton) for a like amount of Mandatorily Convertible Preferred Stock (MCP), pursuant to the terms of the exchange agreement between Treasury and Hampton entered into on 8/12/2010. Since Hampton also fulfilled the
conversion conditions set forth in the Certificate of Designations for the MCP, Treasury’s $80,347,000 of MCP was subsequently converted into 52,225,550 shares of common stock.
32/ On 9/30/2010, Treasury completed the sale of all Preferred Stock and Warrants issued by TIB Financial Corp. to North American Financial Holdings, Inc. (NAFH) at an aggregate purchase price of $12,119,637.37 for the Preferred Stock and $40,000 for the Warrants, pursuant to the terms of the agreement between Treasury and NAFH entered
into on 9/24/2010.
33/ Treasury entered into an agreement as of 10/29/2010 with Community Bancorp LLC for the sale of all Preferred Stock and Warrants issued by Cadence Financial Corporation to Treasury for an aggregate purchase price of (i) $38 million plus (ii) accrued and unpaid dividends through the date of the agreement. Completion of the sale is subject to
the fulfillment of certain closing conditions.
34/ On 12/3/2010, Treasury completed the sale of all Preferred Stock (including the Preferred Stock received upon the exercise of warrants) issued by The Bank of Currituck (“Currituck”) to Treasury for an aggregate purchase price of $1,742,850, pursuant to the terms of the agreement between Treasury and Currituck entered into on 11/5/2010.
Page 21 of 58
CAPITAL PURCHASE PROGRAM - CITIGROUP, INC.
COMMON STOCK DISPOSITION
Date
4/26/2010 5/26/2010
5/26/2010 6/30/2010
7/23/2010 9/30/2010
10/19/2010 12/6/2010
12/6/2010
Pricing Mechanism
1
2
3
4
5
6
Number of Shares
Proceeds
7
$4.1217
1,500,000,000 $
6,182,493,158
$3.8980
1,108,971,857 $
4,322,726,825
$3.9090
1,500,000,000 $
5,863,489,587
$4.2609
1,165,928,228 $
4,967,921,811
$4.3500
2,417,407,607 $
10,515,723,090
Total Proceeds:
$31,852,354,471
1/ On April 26, 2010, Treasury gave Morgan Stanley & Co. Incorporated (Morgan Stanley) discretionary authority, as its sales agent, to sell subject to certain parameters up to 1,500,000,000 shares of common
stock from time to time during the period ending on June 30, 2010 (or upon completion of the sale). Completion of the sale under this authority occurred on May 26, 2010.
2/ On May 26, 2010, Treasury gave Morgan Stanley & Co. Incorporated (Morgan Stanley) discretionary authority, as its sales agent, to sell subject to certain parameters up to 1,500,000,000 shares of common
stock from time to time during the period ending on June 30, 2010 (or upon completion of the sale). Completion of the sale under this authority occurred on June 30, 2010.
3/ On July 23, 2010, Treasury gave Morgan Stanley & Co. Incorporated (Morgan Stanley) discretionary authority, as its sales agent, to sell subject to certain parameters up to 1,500,000,000 shares of common
stock from time to time during the period ending on September 30, 2010 (or upon completion of the sale). Completion of the sale under this authority occured on September 30, 2010.
4/ On October 19, 2010, Treasury gave Morgan Stanley & Co. Incorporated (Morgan Stanley) discretionary authority, as its sales agent, to sell subject to certain parameters up to 1,500,000,000 shares of
common stock from time to time during the period ending on December 31, 2010 (or upon completion of the sale), which plan was terminated on December 6, 2010.
5/ On December 6, 2010, Treasury commenced an underwritten public offering of its remaining 2,417,407,607 shares. Closing of the offering is subject to the fulfillment of certain closing conditions.
6/ The price set forth is the weighted average price for all sales of Citigroup, Inc. common stock made by Treasury over the course of the corresponding period.
7/ Amount represents the gross proceeds to Treasury.
Page 22 of 58
COMMUNITY DEVELOPMENT CAPITAL INITIATIVE
Seller
Footnote
Purchase Date
1
1, 2
1, 2
1
1
2a
1
1
1
1
2a
1
1
7/30/2010
7/30/2010
8/6/2010
8/13/2010
8/13/2010
9/17/2010
8/13/2010
8/13/2010
8/13/2010
8/20/2010
9/24/2010
8/20/2010
8/27/2010
9/3/2010
9/3/2010
9/3/2010
9/10/2010
9/17/2010
9/17/2010
9/17/2010
9/17/2010
9/17/2010
9/24/2010
9/24/2010
9/24/2010
9/24/2010
9/24/2010
9/24/2010
9/24/2010
9/24/2010
9/24/2010
9/24/2010
9/24/2010
9/24/2010
9/24/2010
9/24/2010
9/24/2010
9/24/2010
9/24/2010
9/24/2010
9/24/2010
9/24/2010
9/24/2010
9/24/2010
9/24/2010
9/24/2010
9/24/2010
9/24/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
1
1
1, 2
1
1, 2
1
1, 2
1, 2
1, 2
1, 2
1
1
1
1
1
1
Name of Institution
Purchase Details
City
State
Guaranty Capital Corporation
University Financial Corp, Inc.
Southern Bancorp, Inc.
Premier Bancorp, Inc.
Citizens Bancshares Corporation
Belzoni
St. Paul
Arkadelphia
Wilmette
Atlanta
MS
MN
AR
IL
GA
PGB Holdings, Inc.
First American International Corp.
Tri-State Bank of Memphis
Mission Valley Bancorp
Chicago
Brooklyn
Memphis
Sun Valley
IL
NY
TN
CA
M&F Bancorp, Inc.
Carver Bancorp, Inc
Kilmichael Bancorp, Inc.
United Bancorporation of Alabama, Inc.
IBW Financial Corporation
IBC Bancorp, Inc.
CFBanc Corporation
American Bancorp of Illinois, Inc.
Hope Federal Credit Union
Genesee Co-op Federal Credit Union
First Eagle Bancshares, Inc.
Liberty Financial Services, Inc.
First Choice Bank
Bainbridge Bancshares, Inc.
Virginia Community Capital, Inc.
Lower East Side People's Federal Credit Union
Atlantic City Federal Credit Union
Neighborhood Trust Federal Credit Union
Gateway Community Federal Credit Union
Union Baptist Church Federal Credit Union
Buffalo Cooperative Federal Credit Union
Tulane-Loyola Federal Credit Union
Alternatives Federal Credit Union
Liberty County Teachers Federal Credit Union
UNO Federal Credit Union
Butte Federal Credit Union
Thurston Union of Low-Income People (TULIP) Cooperative Credit Union
Phenix Pride Federal Credit Union
Pyramid Federal Credit Union
Cooperative Center Federal Credit Union
Prince Kuhio Federal Credit Union
Community First Guam Federal Credit Union
Brewery Credit Union
Tongass Federal Credit Union
Santa Cruz Community Credit Union
Northeast Community Federal Credit Union
Fairfax County Federal Credit Union
Security Federal Corporation
Community Bank of the Bay
The First Bancshares, Inc.
BancPlus Corporation
First M&F Corporation
State Capital Corporation
Lafayette Bancorp, Inc.
PSB Financial Corporation
Community Bancshares of Mississippi, Inc.
First Vernon Bancshares, Inc.
Durham
New York
Kilmichael
Atmore
Washington
Chicago
Washington
Oak Brook
Jackson
Rochester
Hanover Park
New Orleans
Cerritos
Bainbridge
Christiansburg
New York
Lander
New York
Missoula
Fort Wayne
Buffalo
New Orleans
Ithaca
Liberty
New Orleans
Biggs
Olympia
Phenix City
Tucson
Berkeley
Honolulu
Hagatna
Milwaukee
Ketchikan
Santa Cruz
San Francisco
Fairfax
Aiken
Oakland
Hattiesburg
Ridgeland
Kosciusko
Greenwood
Oxford
Many
Brandon
Vernon
NC
NY
MS
AL
DC
IL
DC
IL
MS
NY
IL
LA
CA
GA
VA
NY
WY
NY
MT
IN
NY
LA
NY
TX
LA
CA
WA
AL
AZ
CA
HI
GU
WI
AK
CA
CA
VA
SC
CA
MS
MS
MS
MS
MS
LA
MS
AL
Investment Description
Subordinated Debentures
Subordinated Debentures
Preferred Stock
Subordinated Debentures
Preferred Stock
Preferred Stock
Preferred Stock
Preferred Stock
Preferred Stock
Preferred Stock
Preferred Stock
Preferred Stock
Preferred Stock
Subordinated Debentures
Preferred Stock
Preferred Stock
Subordinated Debentures
Preferred Stock
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Preferred Stock
Preferred Stock
Preferred Stock
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Preferred Stock
Preferred Stock
Preferred Stock
Preferred Stock
Preferred Stock
Preferred Stock
Preferred Stock
Preferred Stock
Preferred Stock
Preferred Stock
Amount from CPP
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
14,000,000
11,926,000
11,000,000
6,784,000
7,462,000
3,000,000
17,000,000
2,795,000
5,500,000
11,735,000
18,980,000
10,300,000
6,000,000
4,205,000
7,875,000
5,645,000
5,146,000
18,000,000
1,747,000
5,000,000
50,400,000
30,000,000
15,750,000
4,551,000
9,734,000
54,600,000
6,245,000
Disposition Details
Additional Investment
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
10,189,000
22,800,000
4,379,000
4,836,000
3,881,000
5,689,000
4,000,000
2,313,000
12,123,000
30,514,000
-
Investment Amount
$
$
$
$
14,000,000
22,115,000
33,800,000
6,784,000
$
$
$
$
11,841,000
3,000,000
17,000,000
2,795,000
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
10,336,000
11,735,000
18,980,000
3,154,000
10,300,000
6,000,000
8,086,000
5,781,000
5,457,000
4,520,000
300,000
7,875,000
11,334,000
5,146,000
3,372,000
1,915,000
898,000
2,500,000
283,000
1,657,000
10,000
145,000
424,000
2,234,000
435,000
743,000
1,000,000
75,000
153,000
2,500,000
2,799,000
273,000
2,650,000
1,096,000
1,600,000
2,828,000
350,000
8,044,000
22,000,000
4,060,000
17,123,000
80,914,000
30,000,000
15,750,000
4,551,000
9,734,000
54,600,000
6,245,000
Pricing
Mechanism
Date
Amount
Remaining Investment
Amount
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Page 23 of 58
Seller
Footnote
Purchase Date
1
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/29/2010
9/30/2010
Name of Institution
Security Capital Corporation
BankAsiana
The Magnolia State Corporation
Bancorp of Okolona, Inc.
Southern Chautauqua Federal Credit Union
Fidelis Federal Credit Union
Bethex Federal Credit Union
Shreveport Federal Credit Union
Carter Federal Credit Union
UNITEHERE Federal Credit Union
(Workers United Federal Credit Union)
North Side Community Federal Credit Union
East End Baptist Tabernacle Federal Credit Union
Community Plus Federal Credit Union
Border Federal Credit Union
Opportunities Credit Union
First Legacy Community Credit Union
Union Settlement Federal Credit Union
Southside Credit Union
D.C. Federal Credit Union
Faith Based Federal Credit Union
Greater Kinston Credit Union
Hill District Federal Credit Union
Freedom First Federal Credit Union
Episcopal Community Federal Credit Union
Vigo County Federal Credit Union
Renaissance Community Development Credit Union
Independent Employers Group Federal Credit Union
Brooklyn Cooperative Federal Credit Union
Purchase Details
City
State
Investment Description
Preferred Stock
Amount from CPP
Disposition Details
Additional Investment
Investment Amount
Pricing
Mechanism
Batesville
Palisades Park
Bay Springs
Okolona
Lakewood
New York
Bronx
Shreveport
Springhill
MS
NJ
MS
MS
NY
NY
NY
LA
LA
Preferred Stock
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
New York
NY
Subordinated Debentures
$
-
$
-
$
57,000
Par
Chicago
Bridgeport
Rantoul
Del Rio
Burlington
Charlotte
New York
San Antonio
Washington
Oceanside
Kinston
Pittsburgh
Roanoke
Los Angeles
Terre Haute
Somerset
Hilo
Brooklyn
IL
CT
IL
TX
VT
NC
NY
TX
DC
CA
NC
PA
VA
CA
IN
NJ
HI
NY
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
Subordinated Debentures
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
325,000
7,000
450,000
3,260,000
1,091,000
1,000,000
295,000
1,100,000
1,522,000
30,000
350,000
100,000
9,278,000
100,000
1,229,000
31,000
698,000
300,000
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Par
Total Purchase Amount $
570,073,000
$
$
$
$
$
$
$
$
$
17,910,000
-
$
$
$
$
$
$
$
$
$
-
$
$
$
$
$
$
$
$
$
17,910,000
5,250,000
7,922,000
3,297,000
1,709,000
14,000
502,000
2,646,000
6,300,000
Amount
Date
Remaining Investment
Amount
Par
Par
Par
Par
Par
Par
Par
Par
Par
Total Capital Repayment Amount
TOTAL TREASURY COMMUNITY DEVELOPMENT INITIATIVE (CDCI) INVESTMENT AMOUNT
$
$0
570,073,000
1/ This institution qualified to participate in the Community Development Capital Initiative (CDCI), and has exchanged its Capital Purchase Program investment for an equivalent amount of investment with Treasury under the CDCI program terms.
2/ Treasury made an additional investment in this institution at the time it entered the CDCI program.
2a/ Treasury made an additional investment in this institution after the time it entered the CDCI program.
Page 24 of 58
AUTOMOTIVE INDUSTRY FINANCING PROGRAM
Initial Investment
City, State
GMAC
(Ally)
Date
Transaction Type
12/29/2008
Purchase
Seller
GMAC
Exchange/Transfer/Other Details
Description
Preferred Stock w/ Exercised
$
Warrants
Pricing
Mechanism
Amount
5,000,000,000
Date
Par
5/21/2009
Purchase
GMAC
Convertible Preferred Stock
w/ Exercised Warrants
12/30/2009
Purchase
GMAC
Convertible Preferred Stock
w/ Exercised Warrants
$
1,250,000,000
Par
12/30/2009
Purchase
GMAC
Trust Preferred Securities w/
Exercised Warrants
$
2,540,000,000
Par
12/29/2008
Purchase
Debt Obligation
$
884,024,131
Par
12/31/2008
Purchase
4/22/2009
Purchase
12/30/2009
$
7,500,000,000
Par
22
22,
26
Type
Exchange for convertible
preferred stock
Pricing
Mechanism
Amount
$
5,000,000,000
N/A
12/30/2009
Partial conversion of preferred
$
stock for common stock
3,000,000,000
N/A
12/30/2010
Partial conversion of preferred
$
stock for common stock
5,500,000,000
N/A
$
884,024,131
N/A
$
13,400,000,000
N/A
$
2,000,000,000
N/A
Detroit, MI
General Motors
Corporation
General Motors
Corporation
General Motors
Corporation
Debt Obligation w/ Additional
$ 13,400,000,000
Note
Debt Obligation w/ Additional
$ 2,000,000,000
Note
2
Par
Par
5/29/2009
7/10/2009
4
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
Obligor
Description
GMAC
21, 22
GMAC
3, 26
Convertible
Preferred Stock
Amount/Equity %
$
General
Motors
6/3/2009
1/16/2009
Debt Obligation w/ Additional
$
Note
4,000,000,000
Par
5
7/10/2009
Exchange for preferred and
common stock in New GM
$
4,000,000,000
Purchase
Purchase
Purchase
General Motors
Corporation
General Motors
Corporation
Chrysler FinCo
Debt Obligation w/ Additional
$
Note
360,624,198
Debt Obligation w/ Additional
$ 30,100,000,000
Note
Debt Obligation w/ Additional
$
Note
1,500,000,000
Par
Par
Par
6
8
7/10/2009
Exchange for preferred and
common stock in New GM
$
360,624,198
7/10/2009
Exchange for preferred and
common stock in New GM
$
22,041,706,310
N/A
7/10/2009
Transfer of debt to New GM
$
7,072,488,605
N/A
7/10/2009
Debt left at Old GM
$
985,805,085
N/A
4/29/2009
Chrysler Holding
Chrysler Holding
Purchase
Chrysler Holding
5/1/2009
Purchase
Old Chrysler
5/20/2009
Purchase
Old Chrysler
4/29/2009
Auburn Hills,
MI
Purchase
Purchase
5/27/2009
Purchase
New Chrysler
Debt Obligation w/ Additional
Note
Debt Obligation w/ Additional
Note
Debt Obligation w/ Additional
Note
Debt Obligation w/ Additional
Note
Debt Obligation w/ Additional
Note
$
4,000,000,000
$
-
$
280,130,642
$
1,888,153,580
$
-
Debt Obligation w/ Additional
$
Note, Equity
Total Initial Investment
A
Amount
t
6,642,000,000
Par
6/10/2009
7
General Motors
Company
10, 11,
Preferred Stock
24
$
2,100,000,000
General Motors
Company
10, 11,
Common Stock
25
7
General Motors
Holdings LLC
11, 12 Debt Obligation
N/A
$
500,000,000
N/A
12/15/2010
Repayment
$
11/18/2010
Partial disposition 25
$
11,743,303,903 Common Stock
$
7,072,488,605
11/26/2010
Partial disposition 25
$
1,761,495,577 Common Stock
7/10/2009
Partial Repayment
$
360,624,198 Debt Obligation
12/18/2009
Partial Repayment
$
1,000,000,000 Debt Obligation
$
5,711,864,407
1/21/2010
Partial Repayment
$
35,084,421 Debt Obligation
$
5,676,779,986
17
18
6/10/2009
Issuance of equity in New
Chrysler
$
$
(1,888,153,580)
-
N/A
N/A
33.3%
$
6,711,864,407
3/31/2010
Partial Repayment
$
1,000,000,000 Debt Obligation
$
4,676,779,986
Repayment
$
4 676 779 986 None
4,676,779,986
$
0
$
1,496,500,945
$
1,464,690,823
$
1,413,554,739
$
1,369,197,029
9
9
Motors Liquidation
Company
Debt Obligation
19
Chrysler Holding
20
23
Old Carco
Liquidation Trust
Chrysler Group
LLC
Chrysler Group
LLC
23
19
$
985,805,085
Debt obligation w/
additional note
$
3,500,000,000
3/17/2009
Partial repayment
4/17/2009
Partial repayment
5/18/2009
Partial repayment
6/17/2009
Partial repayment
7/14/2009
Repayment
7/14/2009
Repayment*
5/14/2010
Right to recover
proceeds
Debt obligation w/
additional note
Common equity
N/A
$
Termination and
settlement payment 20
Repayment
Proceeds from sale of
collateral
Proceeds from sale of
9/9/2010
collateral
Proceeds from sale of
12/29/2010
collateral
5/10/2010
$
$
$
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
$
0
$
1,369,197,029
$
15,000,000
None
-
$
1,900,000,000
None
-
$
280,130,642
None
$
30,544,528
$
$
Right to recover
proceeds
Right to recover
9,666,784
proceeds
Right to recover
7,844,409
proceeds
$
0
N/A
N/A
N/A
9.9%
Additional Note Proceeds *
$
$
7,142,000,000
T
Total
t l Payments
P
t
$ 81,344,932,551
Total Treasury Investment
Amount
0
36.9%
4/20/2010
7/10/2009
Completion of bankruptcy
proceeding; transfer of
collateral security to liquidation
trust
$
9
15
4/30/2010
2,139,406,778 None
60.8%
14
16
-
Transfer of debt to New
Chrysler
Remaining
Investment
Amount/Equity %
7
13
Par
Remaining
Investment
Description
3
N/A
N/A
Amount/ Proceeds
73.8%
Common Stock
Farmington
Hills, MI
1/2/2009
Chrysler
General Motors
Corporation
Type
26
Detroit, MI
5/27/2009
Chrysler
FinCo
Purchase
Date
5,937,500,000
7
5/20/2009
Payment or Disposition1
Treasury Investment After Exchange/Transfer/Other
$
26,444,881,226
$
15,000,000
51,411,897,745
Footnotes appear on following page.
Page 25 of 58
As used in this table and its footnotes:
GMAC refers to GMAC Inc., formerly known as GMAC LLC., and now known as Ally Financial, Inc. ("Ally").
"Old GM" refers to General Motors Corporation, which is now known as Motors Liquidation Company.
"New GM" refers to General Motors Company, the company that purchased Old GM's assets on 7/10/2009 in a sale pursuant to section 363 of the Bankruptcy Code. See also footnote 11.
"Chrysler FinCo" refers to Chrysler Financial Services Americas LLC.
"Chrysler Holding" refers to CGI Holding LLC, the company formerly known as "Chrysler Holding LLC".
"Old Chrysler" refers to Old Carco LLC (fka Chrysler LLC).
"New Chrysler" refers to Chrysler Group LLC, the company that purchased Old Chrysler's assets on 6/10/2009 in a sale pursuant to section 363 of the Bankruptcy Code.
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 Old GM . 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 Chrysler 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 loan agreement, as amended on 7/23/2009, Treasury was entitled to proceeds Chrysler Holdco received from Chrysler FinCo equal to the greater of $1.375 billion or 40% of the equity value of Chrysler FinCo. Pursuant to a termination agreement dated 5/14/2010, Treasury agreed to accept a settlement payment of $1.9 billion as satisfaction in full of all existing debt obligations (including additional notes
and accrued and unpaid interest) of Chrysler Holdco,
Holdco and upon receipt of such payment to terminate all such obligations
obligations.
21. Amount of the Treasury investment exchange includes the exercised warrants from Treasury's initial investments.
22. Under the terms of an agreement dated 12/30/2009, the convertible preferred shares will mandatorily convert to common stock under the conditions and the conversion price as set forth in the terms of the agreement.
23. On April 30, 2010, the Plan of Liquidation for the debtors of Old Chrysler approved by the respective bankruptcy court became effective (the “Liquidation Plan”). Under the Liquidation Plan, the loan Treasury had provided to Old Chrysler was extinguished without repayment, and all assets of Old Chrysler were transferred to a liquidation trust. Treasury retained the right to recover the proceeds from the liquidation
from time to time of the specified collateral security attached to such loan.
24. On October 27, 2010, Treasury accepted an offer by General Motors Company (GM) to repurchase all of the approximately $2.1 billion preferred stock at a price per share of $25.50, which is equal to 102% of the liquidation preference, subject to the closing of the proposed initial public offering of GM’s common stock. The repurchase was completed on 12/15/2010.
25. On 11/17/2010, Treasury agreed to sell 358,546,795 shares of common stock at $32.7525 per share (which represents the $33 public sale price less underwriting discounts and fees) pursuant to an underwriting agreement. Following settlement, the net proceeds to Treasury were $11,743,303,903. On 11/26/2010, the underwriters exercised their option to purchase an additional 53,782,019 shares of common
stock from Treasury at the same purchase price resulting in additional proceeds of $1,761,495,577. Treasury's aggregate net proceeds from the sale of common stock pursuant to the underwriting agreement total $13,504,799,480.
26. On 12/30/2010, Treasury converted $5,500,000,000 of the total convertible preferred stock then outstanding and held by Treasury (including exercised warrants) into 531,850 shares of common stock of Ally. Following this conversion, Treasury holds $5,937,500 of convertible preferred stock.
AUTOMOTIVE SUPPLIER SUPPORT PROGRAM
Adjustment Details
Seller
Footnote
Date
Name of Institution
City
State
Transaction Type
Investment
Description
Investment
Amount
Pricing Mechanism
Adjustment
Amount
Adjustment
Date
Payment or Disposition4
Adjusted or Final
Investment Amount
Type
Remaining Investment
Description
2/11/2010
Partial
repayment
Partial
repayment
Debt Obligation w/
Additional Note
Debt Obligation w/
Additional Note
3/4/2010
Repayment5
4/5/2010
Date
11/20/2009
1
4/9/2009
GM Supplier Receivables LLC
Wilmington
DE
Purchase
Debt Obligation w/
Additional Note
7/8/2009
$ 3,500,000,000
3
$ (1,000,000,000) $
N/A
6
2
4/9/2009
Chrysler Receivables SPV LLC
INITIAL TOTAL
$
5,000,000,000
Wilmington
DE
Purchase
ADJUSTED TOTAL
Debt Obligation w/
Additional Note
$
7/8/2009
$ 1,500,000,000
3
$
$
290,000,000
(500,000,000) $
1,000,000,000
$
123,076,735
N/A
7
413,076,735
2,500,000,000
Total Repayments
$
413,076,735
Amount
$
140,000,000
$
100,000,000
Additional Note
$
50,000,000
Payment6
None
$
56,541,893
3/9/2010
Repayment5
Additional Note
$
123,076,735
4/7/2010
Payment7
None
$
44,533,054
Total Proceeds from Additional Notes
$
101,074,947
1/ The loan was funded through GM Supplier Receivables, LLC, a special purpose vehicle created by General Motors Corporation. The amount of $3,500,000,000 represents the maximum loan amount. The loan will be incrementally funded. The credit agreement was fully executed on 4/9/2009, but was made effective as of 4/3/2009. General Motors Company assumed GM Supplier Receivables
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. Chrysler Group LLC assumed Chrysler Receivables SPV LLC on 6/10/2009.
3/ Treasury issued notice to the institution of the permanent reduced commitment on 7/8/2009; the reduction was effective on 7/1/2009.
4/ Does not include accrued and unpaid interest due on the amount of principal repayment, which interest must be paid at the time of principal repayment.
5/ All outstanding principal drawn under the credit agreement was repaid
repaid.
6/ Treasury's commitment was $2.5 billion (see note 3). As of 4/5/2010, Treasury's commitment to lend under the credit agreement had terminated and the borrower has paid its obligations with respect to the Additional Note. The final investment amount reflects the total funds disbursed under the loan, all of which have been repaid.
7/ Treasury's commitment was $1 billion (see note 3). As of 4/7/2010, Treasury's commitment to lend under the credit agreement had terminated and the borrower has paid its obligations with respect to the Additional Note. The final investment amount reflects the total funds disbursed under the loan, all of which have been repaid.
Page 26 of 58
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
2
Capital Repayment
Amount
Remaining
Capital Amount
Remaining Capital
Description
$
20,000,000,000
$
0
Warrants
$
20,000,000,000
$
0
Warrants
$
40,000,000,000
Final Disposition
Final
Disposition
Final Disposition Date 3
Description
Final Disposition
Proceeds
2
AMOUNT
TOTAL TREASURY TIP INVESTMENT AMOUNT
$
3/3/2010
A
Warrants
Total Warrant Proceeds
$
1,255,639,099
$
1,255,639,099
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 Perpetual Prefer
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.
3/ For final disposition of warrants, "R" represents proceeds from a repurchase of warrants by the financial institution, and "A" represents the proceeds to Treasury, before underwriting fees and selling expenses, from a sale by Treasury in a registered public offering of the warrants issued by the financial institution.
ASSET GUARANTEE PROGRAM
Premium
Initial Investment
Footnote
1
Date
Seller
Name of Institution
1/16/2009 Citigroup Inc.
City
State
Type
New York
NY
Guarantee
Description
Master Agreement
Guarantee Limit
$
5,000,000,000
Description
Preferred Stock
w/ Warrants
Amount
$
Exchange/Transfer/Other Details
Footnote
Date
2
6/9/2009
4,034,000,000
4
3
12/23/2009 Citigroup Inc.
New York
NY
Termination
Termination Agreement
TOTAL
$
$
9/29/2010
Type
Exchange preferred stock
for trust preferred securities
Exchange trust preferred
securities for trust preferred
securities
Payment or Disposition
Amount
Description
Trust Preferred
Securities w/ Warrants
Trust Preferred
Securities w/ Warrants
$
Footnote
Date
Type
Amount
Remaining Premium
Description
Remaining
Premium
4,034,000,000
3
Partial cancellation for early
12/23/2009 termination of guarantee
Trust Preferred
$ (1,800,000,000) Securities w/ Warrants
$2,234,000,000
$ 2,246,000,000
5
9/30/2010 Disposition
$ 2,246,000,000 Warrants
$
0
(5,000,000,000)
0
Total Proceeds
$ 2,246,000,000
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 27 of 58
CONSUMER AND BUSINESS LENDING INITIATIVE INVESTMENT PROGRAM
Seller
Footnote
Date
1
3/3/2009
Name of Institution
City
State
Transaction
Type
DE
Purchase
Investment Description
Investment Amount
Adjusted Investment
Amount
Date
Pricing Mechanism
2
TALF LLC
Wilmington
Debt Obligation w/ Additional Note
TOTAL
$
20,000,000,000
$
4,300,000,000
7/19/2010
N/A
$
4,300,000,000
1/ The loan was funded through TALF LLC, a special purpose vehicle created by The Federal Reserve Bank of New York ("FRBNY"). The amount of $20,000,000,000 represents the maximum loan amount. The loan will be incrementally funded.
2/ On 7/19/2010, Treasury, the FRBNY and TALF LLC entered into an amendment of the credit agreement previously entered into on 3/3/2009, which amendment reduced Treasury's maximum loan amount to $4,300,000,000.
AMERICAN INTERNATIONAL GROUP, INC. (AIG) INVESTMENT PROGRAM
(formerly referred to as Systemically Significant Failing Institutions)
Seller
Footnote
Date
3
11/25/2008
4/17/2009
Name of Institution
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
$
69,835,000,000
Pricing Mechanism
Par
Par
Date
4/17/2009
Transaction Type
Exchange
Investment Description
Preferred Stock w/ Warrants
1
Investment
Amount
Pricing
Mechanism
$ 40,000,000,000
Par
2
1/ On 4/17/2009, Treasury exchanged its Series D Fixed Rate Cumulative Preferred Shares for Series E Fixed Rate Non-Cumulative Preferred Shares with no change to Treasury's initial investment amount. In addition, in order for AIG to fully redeem the Series E Preferred Shares, it has an 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 28 of 58
SMALL BUSINESS AND COMMUNITY LENDING INITIATIVE
SBA 7a Securities Purchase Program
Purchase Details
Date
3/19/2010
3/19/2010
3/19/2010
4/8/2010
4/8/2010
5/11/2010
5/11/2010
5/11/2010
5/25/2010
5/25/2010
6/17/2010
6/17/2010
7/14/2010
7/14/2010
7/14/2010
7/29/2010
7/29/2010
8/17/2010
8/17/2010
8/17/2010
8/31/2010
8/31/2010
8/31/2010
9/14/2010
9/14/2010
9/14/2010
9/14/2010
9/28/2010
9/28/2010
9/28/2010
9/28/2010
1
Investment Description
Floating Rate SBA 7a security due 2025
Floating Rate SBA 7a security due 2022
Floating Rate SBA 7a security due 2022
Floating Rate SBA 7a security due 2034
Floating Rate SBA 7a security due 2016
Floating Rate SBA 7a security due 2020
Floating Rate SBA 7a security due 2035
Floating Rate SBA 7a security due 2033
Floating Rate SBA 7a security due 2029
Floating Rate SBA 7a security due 2033
Floating Rate SBA 7a security due 2020
Floating Rate SBA 7a security due 2034
Floating Rate SBA 7a security due 2020
Floating Rate SBA 7a security due 2025
Floating Rate SBA 7a security due 2034
Floating Rate SBA 7a security due 2017
Floating Rate SBA 7a security due 2034
Floating Rate SBA 7a security due 2020
Floating Rate SBA 7a security due 2019
Floating Rate SBA 7a security due 2020
Floating Rate SBA 7a security due 2020
Floating Rate SBA 7a security due 2024
Floating Rate SBA 7a security due 2020
Floating Rate SBA 7a security due 2020
Floating Rate SBA 7a security due 2021
Floating Rate SBA 7a security due 2029
Floating Rate SBA 7a security due 2026
Floating Rate SBA 7a security due 2035
Floating Rate SBA 7a security due 2034
Floating Rate SBA 7a security due 2034
Floating Rate SBA 7a security due 2035
Total Purchase Face Amount
Settlement Details
Purchase Face
Amount 3
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
4,070,000
7,617,617
8,030,000
23,500,000
8,900,014
10,751,382
12,898,996
8,744,333
8,417,817
17,119,972
34,441,059
28,209,085
6,004,156
6,860,835
13,183,361
2,598,386
9,719,455
8,279,048
5,000,000
10,000,000
9,272,482
10,350,000
6,900,000
8,902,230
8,050,000
5,750,000
5,741,753
3,450,000
11,482,421
13,402,491
14,950,000
$
332,596,893
Pricing Mechanism
TBA or
PMF3
Investment Amount
Settlement Date
107.75
109
108.875
110.502
107.5
106.806
109.42
110.798
110.125
109.553
110.785
112.028
106.625
108.505
111.86
108.4375
106.75
110.198
110.088
110.821
110.515
112.476
105.875
111.584
110.759
106.5
110.5
110.875
113.838
113.9
114.006
-
3/24/2010
3/24/2010
3/24/2010
5/28/2010
4/30/2010
6/30/2010
6/30/2010
6/30/2010
7/30/2010
7/30/2010
8/30/2010
8/30/2010
9/30/2010
9/30/2010
9/30/2010
9/30/2010
10/29/2010
9/30/2010
10/29/2010
10/29/2010
9/29/2010
10/29/2010
11/30/2010
10/29/2010
11/30/2010
11/30/2010
11/30/2010
11/30/2010
12/30/2010
11/30/2010
12/30/2010
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
4,377,249
8,279,156
8,716,265
26,041,643
9,598,523
11,511,052
14,151,229
9,717,173
9,294,363
18,801,712
38,273,995
31,693,810
6,416,804
7,462,726
14,789,302
2,826,678
10,394,984
9,150,989
5,520,652
11,115,031
10,277,319
11,672,766
7,319,688
9,962,039
8,940,780
6,134,172
6,361,173
3,834,428
13,109,070
15,308,612
17,092,069
TOTAL INVESTMENT
AMOUNT
$
368,145,452 *
2, 3
TBA or
3
PMF
-
Final Disposition
Senior Security
Proceeds 4
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
Trade Date
Life-to-date
Principal Received
1
Current Face
Amount
Disposition Amount 5
2,184
4,130
4,348
12,983
4,783
5,741
7,057
4,844
4,635
9,377
19,077
15,801
3,200
3,722
7,373
1,408
5,187
4,561
2,752
5,541
5,123
5,820
3,652
4,966
4,458
3,061
3,172
1,912
6,535
7,632
8,521
Total Senior Security Proceeds $
183,555
Total Disposition
Proceeds
$
-
* Subject to adjustment
1/ The amortizing principal and interest payments are reported on the monthly Dividends and Interest Report available at www.FinancialStability.gov.
2/ Investment Amount is stated after giving effect to factor and, if applicable, the purchase of accrued principal and interest.
3/ If a purchase is listed as TBA, or To-Be-Announced, the underlying loans in the SBA Pool have yet to come to market, and the TBA pricing mechanism, purchase face amount, investment amount and senior security proceeds will be adjusted within the variance permitted under
the program terms. If a purchase is listed as PMF, or Prior-Month-Factor, the trade was made prior to the applicable month's factor being published and the SBA 7a security and senior security are priced according to the prior-month's factor. The PMF investment amount and senior
security proceeds will be adjusted after publication of the applicable month's factor (on or about the 11th business day of each month).
4/ In order to satisfy the requirements under Section 113 of the Emergency Economic Stabilization Act of 2008, Treasury will acquire a senior indebtedness instrument (a Senior Security) from the seller of each respective SBA 7a Security. Each Senior Security will (i) have an
aggregate principal amount equal to the product of (A) 0.05% and (B) the Investment Amount (excluding accrued interest) paid by Treasury for the respective SBA 7a Security, and (ii) at the option of the respective seller, may be redeemed at par value immediately upon issuance,
or remain outstanding with the terms and conditions as set forth in the Master Purchase Agreement.
5/ Disposition Amount is stated after giving effect, if applicable, to sale of accrued principal and interest.
Page 29 of 58
LEGACY SECURITIES PUBLIC-PRIVATE INVESTMENT PROGRAM (S-PPIP)
(Revised as of July 16, 2010)
Seller
Footnote
1
2
Date
Name of Institution
9/30/2009 UST/TCW Senior Mortgage Securities Fund, L.P.
9/30/2009 UST/TCW Senior Mortgage Securities Fund, L.P.
Adjusted Investment
City
Wilmington
Wilmington
Transaction
Type
State
DE
DE
Purchase
Purchase
1
9/30/2009 Invesco Legacy Securities Master Fund, L.P.
Wilmington
DE
Purchase
2
9/30/2009 Invesco Legacy Securities Master Fund, L.P.
Wilmington
DE
Purchase
Wilmington
DE
Purchase
Investment Description
Membership Interest
Debt Obligation w/ Contingent Proceeds
Membership Interest
Debt Obligation w/ Contingent Proceeds
Membership Interest
Pricing
Investment Amount Mechanism
$
$
1,111,111,111
2,222,222,222
Par
Par
Date
1/4/2010
1/4/2010
3
Amount
4 $
4 $
Final Investment Amount
Date
156,250,000
Amount
4 $
200,000,000
7
4 $
156,250,000
200,000,000
$
1,111,111,111
Par
3/22/2010 6 $ 1,244,437,500
7/16/2010
$
856,000,000
$
2,222,222,222
Par
3/22/2010 6 $ 2,488,875,000
7/16/2010
$
1,712,000,000
1
10/1/2009 Wellington Management Legacy Securities PPIF Master Fund, LP
$
1,111,111,111
Par
3/22/2010 6 $ 1,262,037,500
7/16/2010
$
2
10/1/2009 Wellington Management Legacy Securities PPIF Master Fund, LP
Wilmington
DE
Purchase
Debt Obligation w/ Contingent Proceeds
$
2,222,222,222
Par
3/22/2010 6 $ 2,524,075,000
7/16/2010
$
2,298,974,000
1
10/2/2009 AllianceBernstein Legacy Securities Master Fund, L.P.
Wilmington
DE
Purchase
Membership Interest
$
1,111,111,111
Par
3/22/2010 6 $ 1,244,437,500
7/16/2010
$
1,150,423,500
2,300,847,000
2
10/2/2009 AllianceBernstein Legacy Securities Master Fund, L.P.
Wilmington
DE
Purchase
Debt Obligation w/ Contingent Proceeds
$
2,222,222,222
Par
3/22/2010 6 $ 2,488,875,000
7/16/2010
$
10/2/2009 Blackrock PPIF, L.P.
Wilmington
DE
Purchase
Membership Interest
$
1,111,111,111
Par
3/22/2010 6 $ 1,244,437,500
7/16/2010
$
694,980,000
2
10/2/2009 Blackrock PPIF, L.P.
Wilmington
DE
Purchase
Debt Obligation w/ Contingent Proceeds
$
2,222,222,222
Par
3/22/2010 6 $ 2,488,875,000
7/16/2010
$
1,389,960,000
1
10/30/2009 AG GECC PPIF Master Fund, L.P.
Wilmington
DE
Purchase
Membership Interest
$
1,111,111,111
Par
3/22/2010 6 $ 1,271,337,500
7/16/2010
$
1,243,275,000
2
10/30/2009 AG GECC PPIF Master Fund, L.P.
Wilmington
DE
Purchase
Debt Obligation w/ Contingent Proceeds
$
2,222,222,222
Par
3/22/2010 6 $ 2,542,675,000
7/16/2010
$
2,486,550,000
1
11/4/2009 RLJ Western Asset Public/Private Master Fund, L.P.
Wilmington
DE
Purchase
Membership Interest
$
1,111,111,111
Par
3/22/2010 6 $ 1,244,437,500
7/16/2010
$
620,578,258
2
11/4/2009 RLJ Western Asset Public/Private Master Fund, L.P.
Wilmington
DE
Purchase
Debt Obligation w/ Contingent Proceeds
$
2,222,222,222
Par
3/22/2010 6 $ 2,488,875,000
7/16/2010
$
1,241,156,516
1
11/25/2009 Marathon Legacy Securities Public-Private Investment Partnership, L.P.
Wilmington
DE
Purchase
Membership Interest
$
1,111,111,111
Par
3/22/2010 6 $ 1,244,437,500
7/16/2010
$
474,550,000
2
11/25/2009 Marathon Legacy Securities Public-Private Investment Partnership, L.P.
Wilmington
DE
Purchase
Debt Obligation w/ Contingent Proceeds
$
2,222,222,222
Par
3/22/2010 6 $ 2,488,875,000
7/16/2010
$
949,100,000
1
12/18/2009 Oaktree PPIP Fund, L.P.
Wilmington
DE
Purchase
Membership Interest
$
1,111,111,111
Par
3/22/2010 6 $ 1,244,437,500
7/16/2010
$
1,160,784,100
2
12/18/2009 Oaktree PPIP Fund, L.P.
Wilmington
DE
Purchase
Debt Obligation w/ Contingent Proceeds
$
2,222,222,222
Par
3/22/2010 6 $ 2,488,875,000
7/16/2010
$
2,321,568,200
$
30,000,000,000
FINAL INVESTMENT AMOUNT
1/15/2010
Investment After Capital Repayment
Repayment
Amount
$
156,250,000
Amount
$
1/11/2010
$
34,000,000
$
1/12/2010
$
166,000,000
$
2/18/2010
$
4,888,718
$
4/15/2010
$
7,066,434
$
9/15/2010
$
60,022,674
$
11/15/2010 $
132,928,628
$
12/14/2010 $
31,689,230
$
Description
0
Membership Interest
Distribution or Disposition
Date
5
Proceeds
5
Distribution
2/24/2010
Final Distribution
Debt Obligation w/
166,000,000 Contingent Proceeds
0
Description
1/29/2010
5
$
20,091,872
$
48,922
N/A
5
1/29/2010
Distribution
2/24/2010
Final Distribution
$
502,302
5 $
1,223
$
20,644,319
Contingent Proceeds
Debt Obligation w/
1,707,111,282 Contingent Proceeds
Debt Obligation w/
1,700,044,848 Contingent Proceeds
Debt Obligation w/
1,640,022,174 Contingent Proceeds
Debt Obligation w/
1,507,093,546 Contingent Proceeds
Debt Obligation w/
1,475,404,316 Contingent Proceeds
1,149,487,000
1
INITIAL INVESTMENT AMOUNT
Capital Repayment Details
Repayment
Date
$ 22,406,483,574
TOTAL CAPITAL REPAYMENT AMOUNT $
592,845,684
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 maximum obligations to a fund.
4/ On 1/4/2010, Treasury and the fund manager entered into a Winding-Up and Liquidation Agreement.
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.
6/ Following termination of the TCW fund, the $3.33 billion of obligations have been reallocated to the remaining eight funds pursuant to consent letters from Treasury dated as of 3/22/2010. $133 million of maximum equity capital obligation and $267 million of maximum debt obligation were reallocated per fund, after adjustment for the $17.6 million and $26.9 million equity capital reallocations from private investors
in the TCW fund to the Wellington fund and the AG GECC fund, respectively. The $356 million of final investment in the TCW fund will remain a part of Treasury's total maximum S-PPIP investment amount.
7/ Amount adjusted to show Treasury's final capital commitment (membership interest) and the maximum amount of Treasury's debt obligation that may be drawn down in accordance with the Loan Agreement.
Page 30 of 58
HOME AFFORDABLE MODIFICATION PROGRAM
Servicer Modifying Borrowers' Loans
Name of Institution
Date
4/13/2009
4/13/2009
4/13/2009
Select Portfolio Servicing
CitiMortgage, Inc.
Wells Fargo Bank, NA
City
Salt Lake City
O'Fallon
Des Moines
Transaction
State
Type
UT
MO
IA
Purchase
Purchase
Purchase
Investment Description
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Cap of Incentive Payments
Adjustment
on Behalf of Borrowers and
Pricing
Date
to Servicers &
Mechanism Note
$
$
$
376,000,000
2,071,000,000
2,873,000,000
N/A
N/A
N/A
6/12/2009
Adjustment Details
Cap Adjustment Amount
$
284,590,000
Adjusted Cap
$
Reason for Adjustment
660,590,000 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
782,500,000 initial cap
Updated portfolio data from servicer & HAFA
913,840,000 initial cap
9/30/2009
$
121,910,000
$
12/30/2009
$
131,340,000
$
3/26/2010
$
(355,530,000) $
7/14/2010
$
128,690,000
$
687,000,000 Updated portfolio data from servicer
9/30/2010
$
4,000,000
$
691,000,000 Initial FHA-HAMP cap and initial FHA-2LP cap
9/30/2010
$
59,807,784
$
750,807,784 Updated portfolio data from servicer
11/16/2010
$
12/15/2010
$
6/12/2009
$
(700,000) $
64,400,000
$
(991,580,000) $
1,010,180,000
$
558,310,000 Updated portfolio data from servicer
750,107,784 Transfer of cap due to servicing transfer
814,507,784 Updated portfolio data from servicer
1,079,420,000 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
2,089,600,000 initial cap
Updated portfolio data from servicer & HAFA
1,984,190,000 initial cap
Updated portfolio data from servicer & 2MP
1
1,784,890,000
784 890 000 initial cap
Transfer of cap to Service One, Inc. due to
1,784,660,000 servicing transfer
Transfer of cap to Specialized Loan Servicing,
1,781,660,000 LLC due to servicing transfer
Transfer of cap to multiple servicers due to
1,769,380,000 servicing transfer
9/30/2009
$
12/30/2009
$
(105,410,000) $
3/26/2010
$
(199
(199,300,000)
300 000) $
4/19/2010
$
(230,000) $
5/14/2010
$
(3,000,000) $
6/16/2010
$
(12,280,000) $
7/14/2010
$
(757,680,000) $
7/16/2010
$
(7,110,000) $
8/13/2010
$
(6,300,000) $
9/15/2010
$
(8,300,000) $
1,011,700,000 Updated portfolio data from servicer
Transfer of cap to multiple servicers due to
1,004,590,000 servicing transfer
Transfer of cap to multiple servicers due to
998,290,000 servicing transfer
Transfer of cap to multiple servicers due to
989,990,000 servicing transfer
9/30/2010
$
32,400,000
$
1,022,390,000 Initial FHA-HAMP cap and initial FHA-2LP cap
9/30/2010
$
101,287,484
$
1,123,677,484 Updated portfolio data from servicer
10/15/2010
$
11/16/2010
$
(3,200,000) $
6/17/2009
$
(462,990,000) $
9/30/2009
$
65,070,000
$
12/30/2009
$
1,213,310,000
$
2/17/2010
$
2,050,236,344
$
3/12/2010
$
54,767
$
2,410,010,000 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
2,475,080,000 initial cap
Updated portfolio data from servicer & HAFA
3,688,390,000 initial cap
Transfer of cap (from Wachovia) due to
g
5,738,626,344 merger
Transfer of cap (from Wachovia) due to
5,738,681,110 merger
3/19/2010
$
668,108,890
$
6,406,790,000 Initial 2MP cap
3/26/2010
$
683,130,000
$
7,089,920,000 Updated portfolio data from servicer
7/14/2010
$
(2,038,220,000) $
5,051,700,000 Updated portfolio data from servicer
9/30/2010
$
(287,348,828) $
9/30/2010
$
344,000,000
(1,400,000) $
$
1,122,277,484 Transfer of cap due to servicing transfer
1,119,077,484 Transfer of cap due to servicing transfer
4,764,351,172 Updated portfolio data from servicer
Initial FHA-HAMP cap, initial FHA-2LP cap,
5,108,351,172 and initial RD-HAMP
Page 31 of 58
Servicer Modifying Borrowers' Loans
Date
4/13/2009
4/13/2009
Name of Institution
GMAC Mortgage, Inc.
Saxon Mortgage Services, Inc.
City
Ft. Washington
Irving
State
PA
TX
Transaction
Type
Purchase
Purchase
Investment Description
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Cap of Incentive Payments
Adjustment
on Behalf of Borrowers and
Pricing
Date
to Servicers &
Mechanism Note
$
$
633,000,000
407,000,000
N/A
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
Adjustment Details
Cap Adjustment Amount
Adjusted Cap
Reason for Adjustment
12/3/2010
$
8,413,225
$
Transfer of cap (from Wachovia) due to
5,116,764,397 merger
12/15/2010
$
22,200,000
$
5,138,964,397 Updated portfolio data from servicer
6/12/2009
$
384,650,000
$
$
1,017,650,000 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
3,554,890,000 initial cap
Updated portfolio data from servicer & HAFA
1,875,370,000 initial cap
9/30/2009
$
2,537,240,000
12/30/2009
$
(1,679,520,000) $
3/26/2010
$
190,180,000
$
5/14/2010
$
1,880,000
$
7/14/2010
$
(881,530,000) $
8/13/2010
$
(3,700,000) $
9/30/2010
$
119,200,000
$
1,182,200,000 Transfer of cap due to servicing transfer
Initial FHA-HAMP cap, initial FHA-2LP cap,
1,301,400,000 and initial 2MP cap
9/30/2010
$
216,998,139
$
1,518,398,139 Updated portfolio data from servicer
12/15/2010
$
(500,000) $
1,517,898,139 Updated portfolio data from servicer
6/17/2009
$
225,040,000
$
2,065,550,000 Updated portfolio data from servicer
Transfer of cap from Wilshire Credit
2,067,430,000 Corporation due to servicing transfer
1,185,900,000 Updated portfolio data from servicer
632,040,000 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
886
886,420,000
420 000 initial cap
Updated portfolio data from servicer & HAFA
1,242,130,000 initial cap
9/30/2009
$
254
254,380,000
380 000
$
12/30/2009
$
355,710,000
$
3/26/2010
$
(57,720,000) $
6/16/2010
$
(156,050,000) $
7/14/2010
$
(513,660,000) $
7/16/2010
$
(22,980,000) $
9/15/2010
$
1,800,000
$
493,520,000 Transfer of cap due to servicing transfer
9/30/2010
$
9,800,000
$
503,320,000 Initial FHA-HAMP cap and initial FHA-2LP cap
9/30/2010
$
116,222,668
$
619,542,668 Updated portfolio data from servicer
10/15/2010
$
100,000
$
619,642,668 Transfer of cap due to servicing transfer
12/15/2010
$
8,900,000
$
628,542,668 Updated portfolio data from servicer
7/31/2009
$
(3,552,000,000) $
6/12/2009
$
(105,620,000) $
9/30/2009
$
102,580,000
$
12/30/2009
$
277,640,000
$
3/26/2010
$
46,860,000
$
6/16/2010
$
156,050,000
$
7/14/2010
$
(191,610,000) $
7/16/2010
$
9/15/2010
9/30/2010
10/15/2010
1,184,410,000 Updated portfolio data from servicer
Transfer of cap to Ocwen Financial
1,028,360,000 Corporation, Inc. due to servicing transfer
514,700,000 Updated portfolio data from servicer
Transfer of cap due to multiple servicing
491,720,000 transfers
- Termination of SPA
553,380,000 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
655,960,000 initial cap
Updated portfolio data from servicer & HAFA
933,600,000 initial cap
980,460,000 Updated portfolio data from servicer
Transfer of cap from Saxon Mortgage
1,136,510,000 Services, Inc. due to servicing transfer
23,710,000
$
944,900,000 Updated portfolio data from servicer
Transfer of cap from Saxon Mortgage
968,610,000 Services, Inc. due to servicing transfer
$
100,000
$
968,710,000 Initial FHA-HAMP cap
$
3,742,740
$
972,452,740 Updated portfolio data from servicer
$
170,800,000
$
1,143,252,740 Transfer of cap due to servicing transfer
Page 32 of 58
Servicer Modifying Borrowers' Loans
Date
Name of Institution
4/17/2009 as Bank of America, N.A.
amended on
1/26/2010
4/17/2009 as Countrywide Home Loans Servicing LP
amended on
1/26/2010
4/20/2009
4/20/2009
Home Loan Services, Inc.
Wilshire Credit Corporation
City
Simi Valley
Simi Valley
Pittsburgh
Beaverton
State
Transaction
Type
CA
Purchase
CA
PA
OR
Purchase
Purchase
Purchase
Investment Description
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Cap of Incentive Payments
Adjustment
on Behalf of Borrowers and
Pricing
Date
to Servicers &
Mechanism Note
$
$
$
$
798,900,000
1,864,000,000
319,000,000
366,000,000
N/A
N/A
N/A
N/A
Adjustment Details
Cap Adjustment Amount
Adjusted Cap
Reason for Adjustment
6/12/2009
$
5,540,000
$
9/30/2009
$
162,680,000
$
12/30/2009
$
665,510,000
$
804,440,000 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
967,120,000 initial cap
Updated portfolio data from servicer & HAFA
1,632,630,000 initial cap
1/26/2010
$
800,390,000
$
2,433,020,000 Initial 2MP cap
3/26/2010
$
(829,370,000) $
1,603,650,000 Updated portfolio data from servicer
7/14/2010
$
(366,750,000) $
9/30/2010
$
95,300,000
$
1,236,900,000 Updated portfolio data from servicer
Initial FHA-HAMP cap, initial FHA-2LP cap,
1,332,200,000 and initial RD-HAMP
9/30/2010
$
222,941,084
$
1,555,141,084 Updated portfolio data from servicer
6/12/2009
$
3,318,840,000
$
9/30/2009
$
12/30/2009
$
2,290,780,000
$
5,182,840,000 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
4,465,420,000 initial cap
Updated portfolio data from servicer & HAFA
6,756,200,000 initial cap
1/26/2010
$
450,100,000
$
7,206,300,000 Initial 2MP cap
3/26/2010
$
905,010,000
$
8,111,310,000 Updated portfolio data from servicer
Transfer of cap from Wilshire Credit
8
8,121,590,000
121 590 000 Corporation d
due
e to ser
servicing
icing transfer
Transfer of cap from Wilshire Credit
8,408,100,000 Corporation due to servicing transfer
(717,420,000) $
4/19/2010
$
10
10,280,000
280 000
$
6/16/2010
$
286,510,000
$
7/14/2010
$
(1,787,300,000) $
9/30/2010
$
105,500,000
9/30/2010
$
(614,527,362) $
6,111,772,638 Updated portfolio data from servicer
12/15/2010
$
236,000,000
6,347,772,638 Updated portfolio data from servicer
6/12/2009
$
128,300,000
$
9/30/2009
$
46,730,000
$
12/30/2009
$
145,820,000
$
3/26/2010
$
(17,440,000) $
622,410,000 Updated portfolio data from servicer
7/14/2010
$
(73,010,000) $
549,400,000 Updated portfolio data from servicer
9/30/2010
$
9/30/2010
$
(77,126,410) $
478,973,590 Updated portfolio data from servicer
12/15/2010
$
(314,900,000) $
164,073,590 Updated portfolio data from servicer
6/12/2009
$
9/30/2009
$
(249,670,000) $
12/30/2009
$
119,700,000
$
3/26/2010
$
52,270,000
$
4/19/2010
$
(10,280,000) $
5/14/2010
$
(1,880,000) $
6/16/2010
$
(286,510,000) $
7/14/2010
$
6,700,000
87,130,000
19,540,000
$
$
$
$
$
6,620,800,000 Updated portfolio data from servicer
Initial FHA-HAMP cap, initial FHA-2LP cap,
6,726,300,000 and initial RD-HAMP
447,300,000 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
494,030,000 initial cap
Updated portfolio data from servicer & HAFA
639,850,000 initial cap
556,100,000 Initial FHA-2LP cap
453,130,000 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
203,460,000 initial cap
Updated portfolio data from servicer & HAFA
323,160,000 initial cap
375,430,000 Updated portfolio data from servicer
Transfer of cap to Countrywide Home Loans
365,150,000 due to servicing transfer
Transfer of cap to GMAC Mortgage, Inc. due
363,270,000 to servicing transfer
Transfer of cap to Countrywide Home Loans
76,760,000 due to servicing transfer
96,300,000 Updated portfolio data from servicer
Page 33 of 58
Servicer Modifying Borrowers' Loans
Date
4/24/2009
4/27/2009
5/1/2009
5/28/2009
Name of Institution
Green Tree Servicing LLC
Carrington Mortgage Services, LLC
Aurora Loan Services, LLC
Nationstar Mortgage LLC
City
Saint Paul
Santa Ana
Littleton
Lewisville
State
MN
CA
CO
TX
Transaction
Type
Purchase
Purchase
Purchase
Purchase
Investment Description
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Cap of Incentive Payments
Adjustment
on Behalf of Borrowers and
Pricing
Date
to Servicers &
Mechanism Note
$
$
$
$
156,000,000
195,000,000
798,000,000
101,000,000
N/A
N/A
N/A
N/A
Adjustment Details
Cap Adjustment Amount
Adjusted Cap
Reason for Adjustment
7/16/2010
$
(210,000) $
Transfer of cap to Green Tree Servicing LLC
96,090,000 due to servicing transfer
8/13/2010
$
(100,000) $
95,990,000 Transfer of cap due to servicing transfer
9/30/2010
$
6/17/2009
$
(64,990,000) $
9/30/2009
$
130,780,000 $
12/30/2009
$
(116,750,000) $
3/26/2010
$
13,080,000
7/14/2010
$
(24,220,000) $
7/16/2010
$
210,000
8/13/2010
$
2,200,000
$
9/10/2010
$
34,600,000
$
130,910,000 Initial 2MP cap
9/30/2010
$
5,600,000
$
136,510,000 Initial FHA-2LP cap and FHA-HAMP
9/30/2010
$
10,185,090
$
146,695,090 Updated portfolio data from servicer
10/15/2010
$
400
400,000
000
$
147
147,095,090
095 090 Transfer of cap d
due
e to ser
servicing
icing transfer
6/17/2009
$
(63,980,000) $
9/30/2009
$
90,990,000 $
12/30/2009
$
57,980,000
$
131,020,000 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
222,010,000 initial cap
Updated portfolio data from servicer & HAFA
279,990,000 initial cap
3/26/2010
$
74,520,000
$
354,510,000 Updated portfolio data from servicer
7/14/2010
$
(75,610,000) $
278,900,000 Updated portfolio data from servicer
8/13/2010
$
1,100,000
$
280,000,000 Transfer of cap due to servicing transfer
9/30/2010
$
3,763,685
$
283,763,685 Updated portfolio data from servicer
12/15/2010
$
300,000
$
284,063,685 Updated portfolio data from servicer
6/17/2009
$
(338,450,000) $
9/30/2009
$
(11,860,000) $
12/30/2009
$
21,330,000
$
459,550,000 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
447,690,000 initial cap
Updated portfolio data from servicer & HAFA
469,020,000 initial cap
3/26/2010
$
9,150,000
$
478,170,000 Updated portfolio data from servicer
68,565,782
$
$
$
164,555,782 Updated portfolio data from servicer
91,010,000 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
221,790,000 initial cap
Updated portfolio data from servicer & HAFA
105,040,000 initial cap
118,120,000 Updated portfolio data from servicer
93,900,000 Updated portfolio data from servicer
Transfer of cap from Wilshire Credit
94,110,000 Corporation due to servicing transfer
96,310,000 Transfer of cap due to servicing transfer
7/14/2010
$
(76,870,000) $
9/1/2010
$
400,000
9/30/2010
$
(8,454,269) $
393,245,731 Updated portfolio data from servicer
6/12/2009
$
16,140,000 $
9/30/2009
$
134,560,000 $
12/30/2009
$
3/26/2010
7/14/2010
8/13/2010
$
401,300,000 Updated portfolio data from servicer
401,700,000 Initial FHA-HAMP cap
80,250,000
$
117,140,000 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
251,700,000 initial cap
Updated portfolio data from servicer & HAFA
331,950,000 initial cap
$
67,250,000
$
399,200,000 Updated portfolio data from servicer
$
(85,900,000) $
313,300,000 Updated portfolio data from servicer
$
100,000
$
313,400,000 Transfer of cap due to servicing transfer
Page 34 of 58
Servicer Modifying Borrowers' Loans
Name of Institution
Date
6/12/2009
6/17/2009
6/17/2009
6/19/2009
6/19/2009
6/26/2009
Residential Credit Solutions
CCO Mortgage
RG Mortgage Corporation
First Federal Savings and Loan
Wescom Central Credit Union
Citizens First Wholesale Mortgage Company
City
Fort Worth
Glen Allen
San Juan
Port Angeles
Anaheim
The Villages
State
TX
VA
PR
WA
CA
FL
Transaction
Type
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Investment Description
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Cap of Incentive Payments
Adjustment
on Behalf of Borrowers and
Pricing
Date
to Servicers &
Mechanism Note
$
$
$
$
$
$
19,400,000
16,520,000
57,000,000
770,000
540,000
30,000
N/A
N/A
N/A
N/A
N/A
N/A
Adjustment Details
Cap Adjustment Amount
Adjusted Cap
Reason for Adjustment
9/30/2010
$
2,900,000
$
Initial FHA-HAMP cap, initial FHA-2LP cap,
316,300,000 initial RD-HAMP, and initial 2MP cap
9/30/2010
$
33,801,486
$
350,101,486 Updated portfolio data from servicer
11/16/2010
$
700,000
$
350,801,486 Transfer of cap due to servicing transfer
12/15/2010
$
1,700,000
$
9/30/2009
$
(1,860,000) $
12/30/2009
$
27,920,000
352,501,486 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
17,540,000 initial cap
Updated portfolio data from servicer & HAFA
45,460,000 initial cap
3/26/2010
$
(1,390,000) $
7/14/2010
$
(13,870,000) $
9/30/2010
$
400,000
$
9/30/2010
$
586,954
$
9/30/2009
$
13,070,000 $
12/30/2009
$
145,510,000
3/26/2010
$
(116,950,000) $
7/14/2010
$
(23
(23,350,000)
350 000) $
9/30/2010
$
9/30/2009
$
(11,300,000) $
12/30/2009
$
(42,210,000) $
42,646,346 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
45,700,000 initial cap
Updated portfolio data from servicer & HAFA
3,490,000 initial cap
3/26/2010
$
65,640,000
$
69,130,000 Updated portfolio data from servicer
4/9/2010
$
(14,470,000) $
54,660,000 Updated portfolio data from servicer
7/14/2010
$
(8,860,000) $
45,800,000 Updated portfolio data from servicer
9/30/2010
$
(4,459,154) $
41,340,846 Updated portfolio data from servicer
12/15/2010
$
(4,300,000) $
37,040,846 Updated portfolio data from servicer
Updated portfolio data from servicer & HAFA
2,790,000 initial cap
7,846,346
$
$
$
2,020,000 $
44,070,000 Updated portfolio data from servicer
30,200,000 Updated portfolio data from servicer
Initial FHA-HAMP cap, initial FHA-2LP cap,
30,600,000 and initial 2MP cap
31,186,954 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
29,590,000 initial cap
Updated portfolio data from servicer & HAFA
175,100,000 initial cap
58,150,000 Updated portfolio data from servicer
34
34,800,000
800 000 Updated portfolio data from ser
servicer
icer
12/30/2009
$
3/26/2010
$
11,370,000
5/26/2010
$
(14,160,000) $
9/30/2009
$
330,000 $
12/30/2009
$
16,490,000
3/26/2010
$
(14,260,000) $
3,100,000 Updated portfolio data from servicer
7/14/2010
$
(1,800,000) $
1,300,000 Updated portfolio data from servicer
7/30/2010
$
1,500,000
$
2,800,000 Updated portfolio data from servicer
9/30/2010
$
1,551,668
$
9/30/2009
$
12/30/2009
$
590,000
4,351,668 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
20,000 initial cap
Updated portfolio data from servicer & HAFA
610,000 initial cap
3/26/2010
$
(580,000) $
7/14/2010
$
$
$
(10,000) $
70,000
$
$
14,160,000 Updated portfolio data from servicer
- Termination of SPA
Updated portfolio data from servicer & HPDP
870,000 initial cap
Updated portfolio data from servicer & HAFA
17,360,000 initial cap
30,000 Updated portfolio data from servicer
100,000 Updated portfolio data from servicer
Page 35 of 58
Servicer Modifying Borrowers' Loans
Name of Institution
Date
6/26/2009
6/26/2009
7/1/2009
Technology Credit Union
National City Bank
Wachovia Mortgage, FSB
City
San Jose
Miamisburg
Des Moines
State
Transaction
Type
CA
Purchase
OH
IA
Purchase
Purchase
Investment Description
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Cap of Incentive Payments
Adjustment
on Behalf of Borrowers and
Pricing
Date
to Servicers &
Mechanism Note
$
$
$
70,000
294,980,000
634,010,000
N/A
N/A
N/A
3
7/1/2009
7/10/2009
7/10/2009
7/17/2009
Bayview Loan Servicing, LLC
Lake National Bank
IBM Southeast Employees' Federal Credit Union
MorEquity, Inc.
Coral Gables
Mentor
Delray Beach
Evansville
FL
OH
FL
IN
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
$
$
$
$
44,260,000
100,000
870,000
23,480,000
N/A
N/A
N/A
N/A
Adjustment Details
Cap Adjustment Amount
Adjusted Cap
9/30/2010
$
45,056
12/30/2009
$
2,180,000 $
3/26/2010
$
(720,000) $
1,530,000 Updated portfolio data from servicer
7/14/2010
$
(430,000) $
1,100,000 Updated portfolio data from servicer
9/30/2010
$
9/30/2009
$
12/30/2009
$
90,280,000
3/26/2010
$
(18,690,000) $
7/14/2010
$
(272,640,000) $
9/30/2010
$
80,600,000
$
9/30/2010
$
71,230,004
$
9/30/2009
$
723,880,000 $
12/30/2009
$
692,640,000
2/17/2010
$
(2
(2,050,236,344)
050 236 344) $
3/12/2010
$
(54,767) $
9/30/2009
$
23,850,000 $
12/30/2009
$
43,590,000
$
3/26/2010
$
34,540,000
$
146,240,000 Updated portfolio data from servicer
5/7/2010
$
1,010,000
$
147,250,000 Initial 2MP cap
60,445
$
Reason for Adjustment
$
315,170,000 $
$
$
7/14/2010
$
(34,250,000) $
9/30/2010
$
600,000
9/30/2010
$
(15,252,303) $
$
145,056 Updated portfolio data from servicer
Updated portfolio data from servicer & HAFA
2,250,000 initial cap
1,160,445 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
610,150,000 initial cap
Updated portfolio data from servicer & HAFA
700,430,000 initial cap
681,740,000 Updated portfolio data from servicer
409,100,000 Updated portfolio data from servicer
Initial FHA-HAMP cap, Initial FHA-2LP cap,
489,700,000 and initial 2MP cap
560,930,004 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
1,357,890,000 initial cap
Updated portfolio data from servicer & HAFA
2,050,530,000 initial cap
Transfer of cap (to Wells Fargo Bank) due to
293
293,656
656 merger
Transfer of cap (to Wells Fargo Bank) due to
238,890 merger
Updated portfolio data from servicer & HPDP
68,110,000 initial cap
Updated portfolio data from servicer & HAFA
111,700,000 initial cap
113,000,000 Updated portfolio data from servicer
113,600,000 Initial FHA-2LP cap
98,347,697 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
250,000 initial cap
Updated portfolio data from servicer & HAFA
380,000 initial cap
9/30/2009
$
150,000 $
12/30/2009
$
130,000
$
3/26/2010
$
50,000
$
430,000 Updated portfolio data from servicer
7/14/2010
$
(30,000) $
400,000 Updated portfolio data from servicer
9/30/2010
$
35,167
9/30/2009
$
(10,000) $
12/30/2009
$
250,000
3/26/2010
$
(10,000) $
1,100,000 Updated portfolio data from servicer
7/14/2010
$
(400,000) $
700,000 Updated portfolio data from servicer
9/30/2010
$
170,334
$
$
$
435,167 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
860,000 initial cap
Updated portfolio data from servicer & HAFA
1,110,000 initial cap
9/30/2009
$
18,530,000 $
12/30/2009
$
24,510,000
$
870,334 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
42,010,000 initial cap
Updated portfolio data from servicer & HAFA
66,520,000 initial cap
3/26/2010
$
18,360,000
$
84,880,000 Updated portfolio data from servicer
Page 36 of 58
Servicer Modifying Borrowers' Loans
Name of Institution
Date
7/17/2009
7/17/2009
7/17/2009
7/22/2009
7/22/2009
7/22/2009
PNC Bank, National Association
Farmers State Bank
ShoreBank
American Home Mortgage Servicing, Inc
Mortgage Center, LLC
Mission Federal Credit Union
City
Pittsburgh
West Salem
Chicago
Coppell
Southfield
San Diego
State
PA
OH
IL
TX
MI
CA
Transaction
Type
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Investment Description
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Cap of Incentive Payments
Adjustment
on Behalf of Borrowers and
Pricing
Date
to Servicers &
Mechanism Note
$
$
$
$
$
$
54,470,000
170,000
1,410,000
1,272,490,000
4,210,000
860,000
N/A
N/A
N/A
N/A
N/A
N/A
Adjustment Details
Cap Adjustment Amount
Adjusted Cap
Reason for Adjustment
7/14/2010
$
(22,580,000) $
9/30/2010
$
(8,194,261) $
9/30/2009
$
(36,240,000) $
12/30/2009
$
19,280,000
$
54,105,739 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
18,230,000 initial cap
Updated portfolio data from servicer & HAFA
37,510,000 initial cap
62,300,000 Updated portfolio data from servicer
3/26/2010
$
2,470,000
$
39,980,000 Updated portfolio data from servicer
7/14/2010
$
(17,180,000) $
22,800,000 Updated portfolio data from servicer
9/30/2010
$
35,500,000
$
58,300,000 Initial FHA-2LP cap and initial 2MP cap
9/30/2010
$
23,076,191
$
9/30/2009
$
12/30/2009
$
50,000
$
81,376,191 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
80,000 initial cap
Updated portfolio data from servicer & HAFA
130,000 initial cap
3/26/2010
$
100,000
$
230,000 Updated portfolio data from servicer
7/14/2010
$
(130,000) $
100,000 Updated portfolio data from servicer
9/30/2010
$
(90,000) $
45,056
$
890 000 $
890,000
145,056 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
2
2,300,000
300 000 initial cap
Updated portfolio data from servicer & HAFA
3,560,000 initial cap
9/30/2009
$
12/30/2009
$
3/26/2010
$
(20,000) $
3,540,000 Updated portfolio data from servicer
7/14/2010
$
(240,000) $
3,300,000 Updated portfolio data from servicer
9/30/2010
$
471,446
9/30/2009
$
(53,670,000) $
12/30/2009
$
250,450,000
$
3,771,446 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
1,218,820,000 initial cap
Updated portfolio data from servicer & HAFA
1,469,270,000 initial cap
3/26/2010
$
124,820,000
$
1,594,090,000 Updated portfolio data from servicer
7/14/2010
$
(289,990,000) $
1,304,100,000 Updated portfolio data from servicer
1,260,000
$
$
9/30/2010
$
1,690,508
$
1,305,790,508 Updated portfolio data from servicer
10/15/2010
$
300,000
$
1,306,090,508 Transfer of cap due to servicing transfer
11/16/2010
$
(100,000) $
9/30/2009
$
1,780,000 $
12/30/2009
$
2,840,000
$
3/26/2010
$
2,800,000
$
11,630,000 Updated portfolio data from servicer
7/14/2010
$
(5,730,000) $
5,900,000 Updated portfolio data from servicer
9/30/2010
$
2,658,280
9/30/2009
$
12/30/2009
$
6,750,000
8,558,280 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
370,000 initial cap
Updated portfolio data from servicer & HAFA
7,120,000 initial cap
3/26/2010
$
(6,340,000) $
780,000 Updated portfolio data from servicer
7/14/2010
$
(180,000) $
600,000 Updated portfolio data from servicer
9/30/2010
$
125,278
725,278 Updated portfolio data from servicer
$
(490,000) $
$
$
1,305,990,508 Transfer of cap due to servicing transfer
Updated portfolio data from servicer & HPDP
5,990,000 initial cap
Updated portfolio data from servicer & HAFA
8,830,000 initial cap
Page 37 of 58
Servicer Modifying Borrowers' Loans
Name of Institution
Date
7/29/2009
7/29/2009
7/29/2009
7/31/2009
7/31/2009
8/5/2009
First Bank
Purdue Employees Federal Credit Union
Wachovia Bank, N.A.
J.P.Morgan Chase Bank, NA
EMC Mortgage Corporation
Lake City Bank
City
St. Louis
West Lafayette
Charlotte
Lewisville
Lewisville
Warsaw
State
MO
IN
NC
TX
TX
IN
Transaction
Type
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Investment Description
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Cap of Incentive Payments
Adjustment
on Behalf of Borrowers and
Pricing
Date
to Servicers &
Mechanism Note
$
$
$
$
$
$
6,460,000
1,090,000
85,020,000
2,699,720,000
707,380,000
420,000
N/A
N/A
N/A
N/A
N/A
N/A
Adjustment Details
Cap Adjustment Amount
Adjusted Cap
Reason for Adjustment
9/30/2009
$
(1,530,000) $
12/30/2009
$
680,000
$
Updated portfolio data from servicer & HPDP
4,930,000 initial cap
Updated portfolio data from servicer & HAFA
5,610,000 initial cap
3/26/2010
$
2,460,000
$
8,070,000 Updated portfolio data from servicer
7/14/2010
$
(2,470,000) $
5,600,000 Updated portfolio data from servicer
9/30/2010
$
2,523,114
9/30/2009
$
12/30/2009
$
1,260,000
$
8,123,114 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
1,030,000 initial cap
Updated portfolio data from servicer & HAFA
2,290,000 initial cap
3/26/2010
$
2,070,000
$
4,360,000 Updated portfolio data from servicer
7/14/2010
$
(3,960,000) $
400,000 Updated portfolio data from servicer
9/30/2010
$
180,222
9/30/2009
$
(37,700,000) $
12/30/2009
$
26,160,000
$
580,222 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
47,320,000 initial cap
Updated portfolio data from servicer & HAFA
73,480,000 initial cap
3/26/2010
$
9,820,000
$
83,300,000 Updated portfolio data from servicer
$
(60,000) $
$
7/14/2010
$
(46
(46,200,000)
200 000) $
37
37,100,000
100 000 Updated portfolio data from ser
servicer
icer
9/30/2010
$
(28,686,775) $
8,413,225 Updated portfolio data from servicer
12/3/2010
$
(8,413,225) $
9/30/2009
$
12/30/2009
$
1,178,180,000
(14,850,000) $
$
3/26/2010
$
1,006,580,000
$
7/14/2010
$
(1,934,230,000) $
9/30/2010
$
72,400,000
$
9/30/2010
$
215,625,536
$
(10,000) $
- Termination of SPA
Updated portfolio data from servicer & HPDP
2,684,870,000 initial cap
Updated portfolio data from servicer & HAFA
3,863,050,000 initial cap
Updated portfolio data from servicer & 2MP
4,869,630,000 initial cap
2,935,400,000 Updated portfolio data from servicer
Initial FHA-HAMP cap, Initial FHA-2LP cap,
3,007,800,000 and initial RD-HAMP
3,223,425,536 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
707,370,000 initial cap
Updated portfolio data from servicer & HAFA
1,209,800,000 initial cap
Updated portfolio data from servicer & 2MP
1,075,240,000 initial cap
9/30/2009
$
12/30/2009
$
502,430,000
3/26/2010
$
(134,560,000) $
7/14/2010
$
(392,140,000) $
7/16/2010
$
9/30/2010
$
13,100,000
9/30/2010
$
(8,006,457) $
10/15/2010
$
(100,000) $
12/15/2010
$
(4,400,000) $
9/30/2009
$
180,000 $
12/30/2009
$
(350,000) $
3/26/2010
$
20,000
$
270,000 Updated portfolio data from servicer
7/14/2010
$
(70,000) $
200,000 Updated portfolio data from servicer
$
(630,000) $
$
683,100,000 Updated portfolio data from servicer
Transfer of cap to Saxon Mortgage Services,
682,470,000 Inc.
695,570,000 Initial FHA-HAMP cap and initial FHA-2LP cap
687,563,543 Updated portfolio data from servicer
687,463,543 Transfer of cap due to servicing transfer
683,063,543 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
600,000 initial cap
Updated portfolio data from servicer & HAFA
250,000 initial cap
Page 38 of 58
Servicer Modifying Borrowers' Loans
Name of Institution
Date
8/5/2009
8/5/2009
8/12/2009
8/12/2009
8/12/2009
Oakland Municipal Credit Union
HomEq Servicing
Litton Loan Servicing LP
PennyMac Loan Services, LLC
Servis One, Inc.
City
Oakland
North Highlands
Houston
Calasbasa
Titusville
State
Transaction
Type
CA
Purchase
CA
TX
CA
PA
Purchase
Purchase
Purchase
Purchase
Investment Description
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Cap of Incentive Payments
Adjustment
on Behalf of Borrowers and
Pricing
Date
to Servicers &
Mechanism Note
$
$
$
$
$
140,000
674,000,000
774,900,000
6,210,000
29,730,000
N/A
N/A
N/A
N/A
N/A
Adjustment Details
Cap Adjustment Amount
90,111
Adjusted Cap
$
Reason for Adjustment
9/30/2010
$
9/30/2009
$
290,000 $
290,111 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
430,000 initial cap
Updated portfolio data from servicer & HAFA
640,000 initial cap
12/30/2009
$
210,000
$
3/26/2010
$
170,000
$
810,000 Updated portfolio data from servicer
7/14/2010
$
(10,000) $
800,000 Updated portfolio data from servicer
9/30/2010
$
(74,722) $
9/30/2009
$
(121,190,000) $
12/30/2009
$
(36,290,000) $
725,278 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
552,810,000 initial cap
Updated portfolio data from servicer & HAFA
516,520,000 initial cap
3/26/2010
$
199,320,000
715,840,000 Updated portfolio data from servicer
7/14/2010
$
(189,040,000) $
9/30/2010
$
10/15/2010
$
(170,800,000) $
12/15/2010
$
(22,200,000) $
38,626,728
$
$
526,800,000 Updated portfolio data from servicer
565,426,728 Updated portfolio data from servicer
394,626,728 Transfer of cap due to servicing transfer
9/30/2009
$
313 050 000 $
313,050,000
12/30/2009
$
275,370,000
$
372,426,728 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
1
1,087,950,000
087 950 000 initial cap
Updated portfolio data from servicer & HAFA
1,363,320,000 initial cap
3/26/2010
$
278,910,000
$
1,642,230,000 Updated portfolio data from servicer
7/14/2010
$
(474,730,000) $
8/13/2010
$
(700,000) $
1,166,800,000 Transfer of cap to due to servicing transfer
9/15/2010
$
(1,000,000) $
1,165,800,000 Transfer of cap to due to servicing transfer
1,167,500,000 Updated portfolio data from servicer
9/30/2010
$
(115,017,236) $
10/15/2010
$
(800,000) $
1,049,982,764 Transfer of cap due to servicing transfer
12/15/2010
$
800,000
1,050,782,764 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
5,010,000 initial cap
Updated portfolio data from servicer & HAFA
35,810,000 initial cap
$
9/30/2009
$
(1,200,000) $
12/30/2009
$
30,800,000
$
3/26/2010
$
23,200,000
$
6/16/2010
$
2,710,000
$
(18,020,000) $
1,050,782,764 Updated portfolio data from servicer
59,010,000 Updated portfolio data from servicer
Transfer of cap from CitiMortgage, Inc. due to
61,720,000 servicing transfer
7/14/2010
$
7/16/2010
$
6,680,000
$
43,700,000 Updated portfolio data from servicer
Transfer of cap from CitiMortgage, Inc. due to
50,380,000 servicing transfer
8/13/2010
$
2,600,000
$
52,980,000 Transfer of cap to due to servicing transfer
9/15/2010
$
(100,000) $
52,880,000 Transfer of cap to due to servicing transfer
9/30/2010
$
200,000
53,080,000 Initial FHA-HAMP cap and 2MP initial cap
9/30/2010
$
(1,423,197) $
11/16/2010
$
1,400,000
12/15/2010
$
(100,000) $
9/30/2009
$
(25,510,000) $
$
$
51,656,803 Updated portfolio data from servicer
53,056,803 Transfer of cap due to servicing transfer
52,956,803 Updated portfolio data from servicer
Updated portfolio data from servicer & HPDP
4,220,000 initial cap
Page 39 of 58
Servicer Modifying Borrowers' Loans
Name of Institution
Date
8/28/2009
8/28/2009
8/28/2009
9/2/2009
OneWest Bank
Stanford Federal Credit Union
RoundPoint Mortgage Servicing Corporation
Horicon Bank
9/2/2009 as Vantium Capital, Inc.dba Acqura Loan Services
amended on
8/27/2010
City
Pasadena
Palo Alto
Charlotte
Horicon
Plano
State
CA
CA
NC
WI
TX
Transaction
Type
Purchase
Purchase
Purchase
Purchase
Purchase
Investment Description
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Cap of Incentive Payments
Adjustment
on Behalf of Borrowers and
Pricing
Date
to Servicers &
Mechanism Note
$
$
$
$
$
668,440,000
300,000
570,000
560,000
6,000,000
N/A
N/A
N/A
N/A
N/A
10
Adjustment Details
Cap Adjustment Amount
Adjusted Cap
Reason for Adjustment
Updated portfolio data from servicer & HAFA
4,740,000 initial cap
12/30/2009
$
520,000
$
3/26/2010
$
4,330,000
$
4/19/2010
$
230,000
$
5/19/2010
$
850,000
$
7/14/2010
$
(850,000) $
9,300,000 Updated portfolio data from servicer
9/15/2010
$
100,000
$
9,400,000 Transfer of cap to due to servicing transfer
9/30/2010
$
100,000
$
9/30/2010
$
16,755,064
$
26,255,064 Updated portfolio data from servicer
10/15/2010
$
100,000
$
26,355,064 Transfer of cap due to servicing transfer
12/15/2010
$
100,000
$
10/2/2009
$
145,800,000 $
12/30/2009
$
1,355,930,000
$
814,240,000 HPDP initial cap
Updated portfolio data from servicer & HAFA
2,170,170,000 initial cap
3/26/2010
$
121,180,000
$
2,291,350,000 Updated portfolio data from servicer
7/14/2010
$
(408
(408,850,000)
850 000) $
9/30/2010
$
5,500,000
9/30/2010
$
$
(51,741,163) $
70,000 $
9,070,000 Updated portfolio data from servicer
Transfer of cap from CitiMortgage, Inc. due to
9,300,000 servicing transfer
10,150,000 Initial 2MP cap
9,500,000 Initial FHA-HAMP cap
26,455,064 Updated portfolio data from servicer
1
1,882,500,000
882 500 000 Updated portfolio data from ser
servicer
icer
1,888,000,000 2MP initial cap
1,836,258,837 Updated portfolio data from servicer
10/2/2009
$
12/30/2009
$
2,680,000
$
370,000 HPDP initial cap
Updated portfolio data from servicer & HAFA
3,050,000 initial cap
3/26/2010
$
350,000
$
3,400,000 Updated portfolio data from servicer
7/14/2010
$
(1,900,000) $
1,500,000 Updated portfolio data from servicer
9/30/2010
$
(1,209,889) $
290,111 Updated portfolio data from servicer
10/2/2009
$
130,000 $
12/30/2009
$
3/26/2010
$
2,110,000
$
2,500,000 Updated portfolio data from servicer
7/14/2010
$
8,300,000
$
10,800,000 Updated portfolio data from servicer
9/30/2010
$
5,301,172
$
16,101,172 Updated portfolio data from servicer
(310,000) $
130,000 $
700,000 HPDP initial cap
Updated portfolio data from servicer & HAFA
390,000 initial cap
10/2/2009
$
12/30/2009
$
1,040,000
3/26/2010
$
(1,680,000) $
5/12/2010
$
1,260,000
$
1,310,000 Updated portfolio data from servicer
7/14/2010
$
(1,110,000) $
200,000 Updated portfolio data from servicer
9/30/2010
$
100,000
9/30/2010
$
(9,889) $
10/2/2009
$
1,310,000 $
12/30/2009
$
(3,390,000) $
$
$
690,000 HPDP initial cap
Updated portfolio data from servicer & HAFA
1,730,000 initial cap
50,000 Updated portfolio data from servicer
300,000 Initial RD-HAMP
290,111 Updated portfolio data from servicer
7,310,000 HPDP initial cap
Updated portfolio data from servicer & HAFA
3,920,000 initial cap
Page 40 of 58
Servicer Modifying Borrowers' Loans
Date
9/9/2009
9/9/2009
9/9/2009
9/11/2009
9/11/2009
9/11/2009
Name of Institution
Central Florida Educators Federal Credit Union
U.S. Bank National Association
CUC Mortgage Corporation
ORNL Federal Credit Union
Allstate Mortgage Loans & Investments, Inc.
Metropolitan National Bank
City
Lake Mary
Owensboro
Albany
Oak Ridge
Ocala
Little Rock
State
FL
KY
NY
TN
FL
AR
Transaction
Type
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Investment Description
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Cap of Incentive Payments
Adjustment
on Behalf of Borrowers and
Pricing
Date
to Servicers &
Mechanism Note
$
$
$
$
$
$
1,250,000
114,220,000
4,350,000
2,070,000
250,000
280,000
N/A
N/A
N/A
N/A
N/A
N/A
Adjustment Details
Cap Adjustment Amount
Adjusted Cap
Reason for Adjustment
3/26/2010
$
410,000
$
4,330,000 Updated portfolio data from servicer
7/14/2010
$
(730,000) $
3,600,000 Updated portfolio data from servicer
9/15/2010
$
4,700,000
$
8,300,000 Transfer of cap due to servicing transfer
9/30/2010
$
117,764
$
8,417,764 Updated portfolio data from servicer
11/16/2010
$
800,000
$
9,217,764 Transfer of cap due to servicing transfer
12/15/2010
$
2,700,000
$
11,917,764 Updated portfolio data from servicer
10/2/2009
$
280,000 $
12/30/2009
$
(750,000) $
3/26/2010
$
120,000
$
900,000 Updated portfolio data from servicer
7/14/2010
$
(300,000) $
600,000 Updated portfolio data from servicer
9/30/2010
$
270,334
870,334 Updated portfolio data from servicer
10/2/2009
$
24,920,000 $
12/30/2009
$
49,410,000
$
$
1,530,000 HPDP initial cap
Updated portfolio data from servicer & HAFA
780,000 initial cap
139,140,000 HPDP initial cap
Updated portfolio data from servicer & HAFA
188,550,000 initial cap
3/26/2010
$
41
41,830,000
830 000
$
230
230,380,000
380 000 Updated portfolio data from ser
servicer
icer
7/14/2010
$
(85,780,000) $
144,600,000 Updated portfolio data from servicer
9/30/2010
$
36,574,444
181,174,444 Updated portfolio data from servicer
$
10/2/2009
$
12/30/2009
$
5,700,000
950,000 $
$
5,300,000 HPDP initial cap
Updated portfolio data from servicer & HAFA
11,000,000 initial cap
3/26/2010
$
740,000
$
11,740,000 Updated portfolio data from servicer
7/14/2010
$
(1,440,000) $
10,300,000 Updated portfolio data from servicer
9/30/2010
$
(6,673,610) $
3,626,390 Updated portfolio data from servicer
10/2/2009
$
460,000 $
12/30/2009
$
2,730,000
$
3/26/2010
$
13,280,000
$
18,540,000 Updated portfolio data from servicer
7/14/2010
$
(13,540,000) $
5,000,000 Updated portfolio data from servicer
9/30/2010
$
1,817,613
$
2,530,000 HPDP initial cap
Updated portfolio data from servicer & HAFA
5,260,000 initial cap
6,817,613 Updated portfolio data from servicer
10/2/2009
$
60,000 $
12/30/2009
$
(80,000) $
310,000 HPDP initial cap
Updated portfolio data from servicer & HAFA
230,000 initial cap
3/26/2010
$
280,000
$
510,000 Updated portfolio data from servicer
7/14/2010
$
(410,000) $
100,000 Updated portfolio data from servicer
9/30/2010
$
45,056
10/2/2009
$
70,000 $
12/30/2009
$
620,000
$
3/26/2010
$
100,000
$
1,070,000 Updated portfolio data from servicer
7/14/2010
$
(670,000) $
400,000 Updated portfolio data from servicer
$
145,056 Updated portfolio data from servicer
350,000 HPDP initial cap
Updated portfolio data from servicer & HAFA
970,000 initial cap
Page 41 of 58
Servicer Modifying Borrowers' Loans
Name of Institution
Date
9/11/2009
9/16/2009
9/23/2009
9/23/2009
9/23/2009
9/23/2009
9/23/2009
Franklin Credit Management Corporation
Bay Federal Credit Union
AMS Servicing, LLC
Schools Financial Credit Union
Glass City Federal Credit Union
Central Jersey Federal Credit Union
Yadkin Valley Bank
City
Jersey City
Capitola
Buffalo
Sacramento
Maumee
Woodbridge
Elkin
State
Transaction
Type
NJ
Purchase
CA
NY
CA
OH
NJ
NC
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Investment Description
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Cap of Incentive Payments
Adjustment
on Behalf of Borrowers and
Pricing
Date
to Servicers &
Mechanism Note
$
$
$
$
$
$
$
27,510,000
410,000
4,390,000
390,000
230,000
30,000
240,000
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Adjustment Details
Cap Adjustment Amount
Adjusted Cap
$
Reason for Adjustment
9/30/2010
$
35,167
10/2/2009
$
6,010,000 $
12/30/2009
$
(19,750,000) $
3/26/2010
$
(4,780,000) $
8,990,000 Updated portfolio data from servicer
7/14/2010
$
(2,390,000) $
6,600,000 Updated portfolio data from servicer
9/30/2010
$
2,973,670
9,573,670 Updated portfolio data from servicer
$
90,000 $
435,167 Updated portfolio data from servicer
33,520,000 HPDP initial cap
Updated portfolio data from servicer & HAFA
13,770,000 initial cap
10/2/2009
$
12/30/2009
$
1,460,000
$
500,000 HPDP initial cap
Updated portfolio data from servicer & HAFA
1,960,000 initial cap
3/26/2010
$
160,000
$
2,120,000 Updated portfolio data from servicer
7/14/2010
$
(120,000) $
2,000,000 Updated portfolio data from servicer
9/30/2010
$
(1,419,778) $
580,222 Updated portfolio data from servicer
10/2/2009
$
960,000 $
12/30/2009
$
(3,090,000) $
5,350,000 HPDP initial cap
Updated portfolio data from servicer & HAFA
2,260,000 initial cap
3/26/2010
$
230
230,000
000
$
2
2,490,000
490 000 Updated portfolio data from ser
servicer
icer
7/14/2010
$
5,310,000
$
7,800,000 Updated portfolio data from servicer
9/30/2010
$
323,114
$
8,123,114 Updated portfolio data from servicer
10/2/2009
$
12/30/2009
$
940,000
90,000 $
3/26/2010
$
(980,000) $
7/14/2010
$
9/30/2010
$
10/2/2009
$
12/30/2009
$
(10,000) $
290,000 HPDP initial cap
Updated portfolio data from servicer & HAFA
280,000 initial cap
3/26/2010
$
130,000
$
410,000 Updated portfolio data from servicer
7/14/2010
$
(110,000) $
300,000 Updated portfolio data from servicer
9/30/2010
$
(9,889) $
290,111 Updated portfolio data from servicer
10,000 $
$
(140,000) $
1,150,556
$
60,000 $
480,000 HPDP initial cap
Updated portfolio data from servicer & HAFA
1,420,000 initial cap
440,000 Updated portfolio data from servicer
300,000 Updated portfolio data from servicer
1,450,556 Updated portfolio data from servicer
10/2/2009
$
12/30/2009
$
120,000
$
40,000 HPDP initial cap
Updated portfolio data from servicer & HAFA
160,000 initial cap
3/26/2010
$
10,000
$
170,000 Updated portfolio data from servicer
7/14/2010
$
(70,000) $
100,000 Updated portfolio data from servicer
9/30/2010
$
45,056
145,056 Updated portfolio data from servicer
10/29/2010
$
$
(145,056) $
10/2/2009
$
12/30/2009
$
350,000
60,000 $
$
3/26/2010
$
1,360,000
$
- Termination of SPA
300,000 HPDP initial cap
Updated portfolio data from servicer & HAFA
650,000 initial cap
2,010,000 Updated portfolio data from servicer
Page 42 of 58
Servicer Modifying Borrowers' Loans
Name of Institution
Date
9/25/2009
SEFCU
10/14/2009 Great Lakes Credit Union
10/14/2009 Mortgage Clearing Corporation
10/21/2009 United Bank Mortgage Corporation
10/23/2009 Bank United
10/23/2009 IC Federal Credit Union
City
Albany
North Chicago
Tulsa
Grand Rapids
Miami Lakes
Fitchburg
State
NY
IL
OK
MI
FL
MA
Transaction
Type
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Investment Description
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Cap of Incentive Payments
Adjustment
on Behalf of Borrowers and
Pricing
Date
to Servicers &
Mechanism Note
$
$
$
$
$
$
440,000
570,000
4,860,000
410,000
93,660,000
760,000
N/A
N/A
N/A
N/A
N/A
N/A
10/28/2009 Harleysville
y
National Bank & Trust Company
p y
Harleysville
y
PA
Purchase
Financial Instrument for Home Loan Modifications
$
1,070,000
,
,
N/A
10/28/2009 Members Mortgage Company, Inc
Woburn
MA
Purchase
Financial Instrument for Home Loan Modifications
$
510,000
N/A
10/30/2009 DuPage Credit Union
Naperville
IL
Purchase
Financial Instrument for Home Loan Modifications
$
70,000
N/A
Adjustment Details
Cap Adjustment Amount
Adjusted Cap
Reason for Adjustment
7/14/2010
$
(1,810,000) $
200,000 Updated portfolio data from servicer
9/30/2010
$
235,167
435,167 Updated portfolio data from servicer
10/2/2009
$
100,000 $
12/30/2009
$
3/26/2010
$
(290,000) $
270,000 Updated portfolio data from servicer
7/14/2010
$
(70,000) $
200,000 Updated portfolio data from servicer
20,000
$
$
540,000 HPDP initial cap
Updated portfolio data from servicer & HAFA
560,000 initial cap
9/30/2010
$
(54,944) $
12/30/2009
$
1,030,000 $
3/26/2010
$
(880,000) $
720,000 Updated portfolio data from servicer
7/14/2010
$
(320,000) $
400,000 Updated portfolio data from servicer
9/30/2010
$
180,222
12/30/2009
$
(2,900,000) $
3/26/2010
$
(1,600,000) $
7/14/2010
$
(260
(260,000)
000) $
9/30/2010
$
45,056
1/22/2010
$
20,000 $
3/26/2010
$
400,000
$
830,000 Updated portfolio data from servicer
7/14/2010
$
(430,000) $
400,000 Updated portfolio data from servicer
9/30/2010
$
180,222
580,222 Updated portfolio data from servicer
1/22/2010
$
3/26/2010
$
23,880,000
$
121,910,000 Updated portfolio data from servicer
7/14/2010
$
(16,610,000) $
105,300,000 Updated portfolio data from servicer
9/30/2010
$
1/22/2010
$
3/26/2010
$
5/12/2010
$
7/14/2010
9/30/2010
$
$
$
4,370,000 $
1,751,033
$
40,000 $
(760,000) $
2,630,000
145,056 Updated portfolio data from servicer
Updated portfolio data from servicer & HAFA
1,600,000 initial cap
580,222 Updated portfolio data from servicer
Updated portfolio data from servicer & HAFA
1,960,000 initial cap
360,000 Updated portfolio data from servicer
100
100,000
000 Updated portfolio data from ser
servicer
icer
145,056 Updated portfolio data from servicer
430,000 Updated HPDP cap & HAFA initial cap
98,030,000 Updated HPDP cap & HAFA initial cap
107,051,033 Updated portfolio data from servicer
800,000 Updated HPDP cap & HAFA initial cap
40,000 Updated portfolio data from servicer
$
2,670,000 Updated portfolio data from servicer
$
(770,000) $
1,900,000 Updated portfolio data from servicer
$
565,945
2,465,945 Updated portfolio data from servicer
$
4/21/2010
$
(1 070 000) $
(1,070,000)
- Termination of SPA
4/21/2010
$
(510,000) $
- Termination of SPA
1/22/2010
$
10,000 $
80,000 Updated HPDP cap & HAFA initial cap
3/26/2010
$
10,000
$
90,000 Updated portfolio data from servicer
7/14/2010
$
10,000
$
100,000 Updated portfolio data from servicer
9/30/2010
$
45,056
$
145,056 Updated portfolio data from servicer
Page 43 of 58
Servicer Modifying Borrowers' Loans
Name of Institution
Date
11/6/2009
Los Alamos National Bank
11/18/2009 Quantum Servicing Corporation
11/18/2009 Hillsdale County National Bank
11/18/2009 QLending, Inc.
11/25/2009 Marix Servicing, LLC
City
Los Alamos
Tampa
Hillsdale
Coral Gables
Phoenix
State
Transaction
Type
NM
Purchase
FL
MI
FL
AZ
Purchase
Purchase
Purchase
Purchase
Investment Description
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Cap of Incentive Payments
Adjustment
on Behalf of Borrowers and
Pricing
Date
to Servicers &
Mechanism Note
$
$
$
$
$
700,000
18,960,000
1,670,000
20,000
20,360,000
N/A
N/A
N/A
N/A
N/A
11/25/2009 Home Financing Center, Inc
Coral Gables
FL
Purchase
Financial Instrument for Home Loan Modifications
$
230,000
N/A
11/25/2009 First Keystone Bank
Media
PA
Purchase
Financial Instrument for Home Loan Modifications
$
1,280,000
N/A
12/4/2009
12/4/2009
Community Bank & Trust Company
Idaho Housing and Finance Association
Clarks Summit
Boise
PA
ID
Purchase
Purchase
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
$
$
380 000
380,000
9,430,000
N/A
N/A
Adjustment Details
Cap Adjustment Amount
Adjusted Cap
Reason for Adjustment
1/22/2010
$
40,000 $
740,000 Updated HPDP cap & HAFA initial cap
3/26/2010
$
50,000
$
790,000 Updated portfolio data from servicer
7/14/2010
$
1,310,000
$
2,100,000 Updated portfolio data from servicer
9/30/2010
$
75,834
$
2,175,834 Updated portfolio data from servicer
1/22/2010
$
3/26/2010
$
3,840,000
890,000 $
$
23,690,000 Updated portfolio data from servicer
7/14/2010
$
(2,890,000) $
20,800,000 Updated portfolio data from servicer
9/30/2010
$
9,661,676
30,461,676 Updated portfolio data from servicer
$
80,000 $
19,850,000 Updated HPDP cap & HAFA initial cap
1/22/2010
$
3/26/2010
$
330,000
$
2,080,000 Updated portfolio data from servicer
7/14/2010
$
(1,080,000) $
1,000,000 Updated portfolio data from servicer
9/30/2010
$
160,445
1,160,445 Updated portfolio data from servicer
$
1,750,000 Updated HPDP cap & HAFA initial cap
1/22/2010
$
- $
3/26/2010
$
(10,000) $
7/14/2010
$
90,000
$
9/30/2010
$
45,056
$
1/22/2010
$
950,000 $
3/26/2010
$
(17,880,000) $
6/16/2010
$
1,030,000
7/14/2010
$
(1,160,000) $
8/13/2010
$
800,000
$
4,100,000 Transfer of cap due to servicing transfer
9/30/2010
$
200,000
$
4,300,000 Initial FHA-HAMP cap and initial RD-HAMP
9/30/2010
$
1,357,168
$
5,657,168 Updated portfolio data from servicer
4/21/2010
$
(230,000) $
1/22/2010
$
50,000 $
3/26/2010
$
7/14/2010
$
9/30/2010
$
50,556
1/22/2010
$
10,000 $
3/26/2010
$
520,000
$
910,000 Updated portfolio data from servicer
7/14/2010
$
(810,000) $
100,000 Updated portfolio data from servicer
9/30/2010
$
1/22/2010
$
3/26/2010
$
1,020,000
$
20,000 Updated HPDP cap & HAFA initial cap
10,000 Updated portfolio data from servicer
100,000 Updated portfolio data from servicer
145,056 Updated portfolio data from servicer
21,310,000 Updated HPDP cap & HAFA initial cap
3,430,000 Updated portfolio data from servicer
Transfer of cap from CitiMortgage, Inc. due to
4,460,000 servicing transfer
3,300,000 Updated portfolio data from servicer
- Termination of SPA
1,330,000 Updated HPDP cap & HAFA initial cap
$
2,350,000 Updated portfolio data from servicer
(950,000) $
1,400,000 Updated portfolio data from servicer
45,056
$
$
440,000 $
14,480,000
$
1,450,556 Updated portfolio data from servicer
390,000 Updated HPDP cap & HAFA initial cap
145,056 Updated portfolio data from servicer
9,870,000 Updated HPDP cap & HAFA initial cap
24,350,000 Updated portfolio data from servicer
Page 44 of 58
Servicer Modifying Borrowers' Loans
Date
12/9/2009
12/9/2009
12/9/2009
12/9/2009
12/9/2009
12/9/2009
12/9/2009
Name of Institution
Spirit of Alaska Federal Credit Union
American Eagle Federal Credit Union
Silver State Schools Credit Union
Fidelity Homestead Savings Bank
Bay Gulf Credit Union
The Golden 1 Credit Union
Sterling Savings Bank
12/11/2009 HomeStar Bank & Financial Services
City
Fairbanks
East Hartford
Las Vegas
New Orleans
Tampa
Sacramento
Spokane
Manteno
State
AK
CT
NV
LA
FL
CA
WA
IL
Transaction
Type
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Investment Description
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Cap of Incentive Payments
Adjustment
on Behalf of Borrowers and
Pricing
Date
to Servicers &
Mechanism Note
$
$
$
$
$
$
$
$
360,000
1,590,000
1,880,000
2,940,000
230,000
6,160,000
2,250,000
310,000
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Adjustment Details
Cap Adjustment Amount
Adjusted Cap
Reason for Adjustment
5/26/2010
$
(24,200,000) $
150,000 Updated portfolio data from servicer
7/14/2010
$
150,000
$
300,000 Updated portfolio data from servicer
9/30/2010
$
(9,889) $
290,111 Updated portfolio data from servicer
1/22/2010
$
10,000 $
370,000 Updated HPDP cap & HAFA initial cap
3/26/2010
$
850,000
$
1,220,000 Updated portfolio data from servicer
7/14/2010
$
(120,000) $
1,100,000 Updated portfolio data from servicer
9/30/2010
$
100,000
$
1,200,000 Initial FHA-HAMP cap
9/30/2010
$
105,500
$
1,305,500 Updated portfolio data from servicer
1/22/2010
$
70,000 $
3/26/2010
$
(290,000) $
1,370,000 Updated portfolio data from servicer
7/14/2010
$
(570,000) $
800,000 Updated portfolio data from servicer
9/30/2010
$
70,334
1/22/2010
$
90,000 $
3/26/2010
$
1,110,000
$
3,080,000 Updated portfolio data from servicer
7/14/2010
$
(1,180,000) $
1,900,000 Updated portfolio data from servicer
9/30/2010
$
275,834
2,175,834 Updated portfolio data from servicer
1/22/2010
$
140,000 $
3/26/2010
$
6,300,000
$
9,380,000 Updated portfolio data from servicer
7/14/2010
$
(1,980,000) $
7,400,000 Updated portfolio data from servicer
9/30/2010
$
(6,384,611) $
1,015,389 Updated portfolio data from servicer
1/22/2010
$
10,000 $
3/26/2010
$
440,000
$
680,000 Updated portfolio data from servicer
7/14/2010
$
(80,000) $
600,000 Updated portfolio data from servicer
9/30/2010
$
(19,778) $
580,222 Updated portfolio data from servicer
10/15/2010
$
(580,222) $
1/22/2010
$
290,000 $
$
$
1,660,000 Updated HPDP cap & HAFA initial cap
870,334 Updated portfolio data from servicer
1,970,000 Updated HPDP cap & HAFA initial cap
3,080,000 Updated HPDP cap & HAFA initial cap
240,000 Updated HPDP cap & HAFA initial cap
- Termination of SPA
6,450,000 Updated HPDP cap & HAFA initial cap
3/26/2010
$
40,000
$
6,490,000 Updated portfolio data from servicer
7/14/2010
$
(2,890,000) $
3,600,000 Updated portfolio data from servicer
9/30/2010
$
606,612
4,206,612 Updated portfolio data from servicer
1/22/2010
$
100,000 $
3/26/2010
$
(740,000) $
1,610,000 Updated portfolio data from servicer
7/14/2010
$
(710,000) $
900,000 Updated portfolio data from servicer
9/30/2010
$
550,556
1/22/2010
$
$
$
20,000 $
2,350,000 Updated HPDP cap & HAFA initial cap
1,450,556 Updated portfolio data from servicer
330,000 Updated HPDP cap & HAFA initial cap
Page 45 of 58
Servicer Modifying Borrowers' Loans
Date
Name of Institution
12/11/2009 Glenview State Bank
12/11/2009 Verity Credit Union
12/11/2009 Hartford Savings Bank
City
Glenview
Seattle
Hartford
State
IL
WA
WI
Transaction
Type
Purchase
Purchase
Purchase
Investment Description
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Cap of Incentive Payments
Adjustment
on Behalf of Borrowers and
Pricing
Date
to Servicers &
Mechanism Note
$
$
$
370,000
600,000
630,000
N/A
N/A
N/A
12/11/2009 The Bryn Mawr Trust Co.
Bryn Mawr
PA
Purchase
Financial Instrument for Home Loan Modifications
$
150,000
N/A
12/16/2009 Citizens 1st National Bank
Spring Valley
IL
Purchase
Financial Instrument for Home Loan Modifications
$
620,000
N/A
12/16/2009 Golden Plains Credit Union
Garden City
KS
Purchase
Financial Instrument for Home Loan Modifications
$
170,000
N/A
12/16/2009 First Federal Savings and Loan Association of Lakewood
Lakewood
OH
Purchase
Financial Instrument for Home Loan Modifications
$
3,460,000
N/A
12/16/2009 Sound Community Bank
Seattle
WA
Purchase
Financial Instrument for Home Loan Modifications
$
440,000
N/A
12/16/2009 Horizon Bank, NA
12/16/2009 Park View Federal Savings Bank
Michigan City
Solon
IN
OH
Purchase
Purchase
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
$
$
700,000
760,000
N/A
N/A
Adjustment Details
Cap Adjustment Amount
Adjusted Cap
Reason for Adjustment
3/26/2010
$
820,000
$
1,150,000 Updated portfolio data from servicer
7/14/2010
$
(350,000) $
800,000 Updated portfolio data from servicer
9/30/2010
$
70,334
1/22/2010
$
20,000 $
$
$
870,334 Updated portfolio data from servicer
390,000 Updated HPDP cap & HAFA initial cap
3/26/2010
$
1,250,000
5/26/2010
$
(1,640,000) $
1/22/2010
$
30,000 $
3/26/2010
$
400,000
$
1,030,000 Updated portfolio data from servicer
7/14/2010
$
(330,000) $
700,000 Updated portfolio data from servicer
9/30/2010
$
25,278
1/22/2010
$
30,000 $
3/26/2010
$
800,000
$
1,460,000 Updated portfolio data from servicer
(360,000) $
1,100,000 Updated portfolio data from servicer
$
7/14/2010
$
9/30/2010
$
4/21/2010
$
(150,000) $
1/22/2010
$
30,000 $
60,445
$
(580,000) $
1,640,000 Updated portfolio data from servicer
- Termination of SPA
630,000 Updated HPDP cap & HAFA initial cap
725,278 Updated portfolio data from servicer
660,000 Updated HPDP cap & HAFA initial cap
1,160,445 Updated portfolio data from servicer
- Termination of SPA
650,000 Updated HPDP cap & HAFA initial cap
3/26/2010
$
7/14/2010
$
1,430,000
$
1,500,000 Updated portfolio data from servicer
9/30/2010
$
95,612
$
1,595,612 Updated portfolio data from servicer
1/22/2010
$
10,000 $
3/26/2010
$
30,000
$
210,000 Updated portfolio data from servicer
7/14/2010
$
(10,000) $
200,000 Updated portfolio data from servicer
9/30/2010
$
90,111
290,111 Updated portfolio data from servicer
1/22/2010
$
160,000 $
4/21/2010
$
(3,620,000) $
1/22/2010
$
20,000 $
3/26/2010
$
1,430,000
$
70,000 Updated portfolio data from servicer
180,000 Updated HPDP cap & HAFA initial cap
3,620,000 Updated HPDP cap & HAFA initial cap
- Termination of SPA
460,000 Updated HPDP cap & HAFA initial cap
$
1,890,000 Updated portfolio data from servicer
1,500,000 Updated portfolio data from servicer
7/14/2010
$
(390,000) $
9/8/2010
$
(1,500,000) $
1/22/2010
$
30,000 $
3/26/2010
$
1,740,000
7/14/2010
$
(1,870,000) $
9/30/2010
$
850,556
1/22/2010
$
$
$
40,000 $
- Termination of SPA
730,000 Updated HPDP cap & HAFA initial cap
2,470,000 Updated portfolio data from servicer
600,000 Updated portfolio data from servicer
1,450,556 Updated portfolio data from servicer
800,000 Updated HPDP cap & HAFA initial cap
Page 46 of 58
Servicer Modifying Borrowers' Loans
Name of Institution
Date
12/23/2009 Iberiabank
12/23/2009 Grafton Suburban Credit Union
12/23/2009 Eaton National Bank & Trust Company
12/23/2009 Tempe Schools Credit Union
1/13/2010
1/13/2010
1/13/2010
1/13/2010
Fresno County Federal Credit Union
Roebling Bank
First National Bank of Grant Park
Specialized Loan Servicing, LLC
City
Sarasota
North Grafton
Eaton
Tempe
Fresno
Roebling
Grant Park
Highlands Ranch
State
FL
MA
OH
AZ
CA
NJ
IL
CO
Transaction
Type
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Purchase
Investment Description
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Cap of Incentive Payments
Adjustment
on Behalf of Borrowers and
Pricing
Date
to Servicers &
Mechanism Note
$
$
$
$
$
$
$
$
4,230,000
340,000
60,000
110,000
260,000
240,000
140,000
64,150,000
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Adjustment Details
Cap Adjustment Amount
Adjusted Cap
Reason for Adjustment
3/26/2010
$
140,000
$
940,000 Updated portfolio data from servicer
7/14/2010
$
(140,000) $
800,000 Updated portfolio data from servicer
9/30/2010
$
1/22/2010
$
200,000 $
3/26/2010
$
(1,470,000) $
2,960,000 Updated portfolio data from servicer
7/14/2010
$
(1,560,000) $
1,400,000 Updated portfolio data from servicer
9/30/2010
$
5,852,780
7,252,780 Updated portfolio data from servicer
1/22/2010
$
20,000 $
3/26/2010
$
(320,000) $
7/14/2010
$
760,000
$
800,000 Updated portfolio data from servicer
9/30/2010
$
(74,722) $
725,278 Updated portfolio data from servicer
1/22/2010
$
- $
70,334
$
$
870,334 Updated portfolio data from servicer
4,430,000 Updated HPDP cap & HAFA initial cap
360,000 Updated HPDP cap & HAFA initial cap
40,000 Updated portfolio data from servicer
60,000 Updated HPDP cap & HAFA initial cap
3/26/2010
$
90,000
$
150,000 Updated portfolio data from servicer
7/14/2010
$
50,000
$
200,000 Updated portfolio data from servicer
9/30/2010
$
(54,944) $
145,056 Updated portfolio data from servicer
1/22/2010
$
- $
3/26/2010
$
(20,000) $
110,000 Updated HPDP cap & HAFA initial cap
7/14/2010
$
10,000
$
100,000 Updated portfolio data from servicer
9/30/2010
$
45,056
$
145,056 Updated portfolio data from servicer
12/8/2010
$
(145,056) $
3/26/2010
$
480,000
$
740,000 Updated portfolio data from servicer
7/14/2010
$
(140,000) $
600,000 Updated portfolio data from servicer
9/30/2010
$
(19,778) $
580,222 Updated portfolio data from servicer
3/26/2010
$
610,000
$
850,000 Updated portfolio data from servicer
7/14/2010
$
50,000
$
900,000 Updated portfolio data from servicer
9/30/2010
$
(29,666) $
870,334 Updated portfolio data from servicer
3/26/2010
$
150,000
$
290,000 Updated portfolio data from servicer
7/14/2010
$
10,000
$
300,000 Updated portfolio data from servicer
9/30/2010
$
(9,889)
(9 889) $
290,111
290 111 Updated
U d d portfolio
f li data
d
from
f
servicer
i
3/26/2010
$
(51,240,000) $
5/14/2010
$
3,000,000
$
6/16/2010
$
4,860,000
$
7/14/2010
$
3,630,000
$
7/16/2010
$
330,000
$
90,000 Updated portfolio data from servicer
- Termination of SPA
12,910,000 Updated portfolio data from servicer
Transfer of cap from CitiMortgage, Inc. due to
15,910,000 servicing transfer
Transfer of cap from CitiMortgage, Inc. due to
20,770,000 servicing transfer
24,400,000 Updated portfolio data from servicer
Transfer of cap from CitiMortgage, Inc. due to
24,730,000 servicing transfer
Page 47 of 58
Servicer Modifying Borrowers' Loans
Name of Institution
Date
1/13/2010
1/15/2010
1/29/2010
1/29/2010
Greater Nevada Mortgage Services
Digital Federal Credit Union
iServe Residential Lending, LLC
United Bank
City
Carson City
Marlborough
San Diego
Griffin
State
NV
MA
CA
GA
Transaction
Type
Purchase
Purchase
Purchase
Purchase
Investment Description
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Financial Instrument for Home Loan Modifications
Cap of Incentive Payments
Adjustment
on Behalf of Borrowers and
Pricing
Date
to Servicers &
Mechanism Note
$
$
$
$
770,000
3,050,000
960,000
540,000
N/A
N/A
N/A
N/A
3/3/2010
Urban Trust Bank
Lake Mary
FL
Purchase
Financial Instrument for Home Loan Modifications
$
1,060,000
N/A
3/5/2010
iServe Servicing, Inc.
Irving
TX
Purchase
Financial Instrument for Home Loan Modifications
$
28,040,000
N/A
3/10/2010
Navy Federal Credit Union
Vienna
VA
Purchase
Financial Instrument for Home Loan Modifications
$
60,780,000
N/A
3/10/2010
Vist Financial Corp
Wyomissing
PA
Purchase
Financial Instrument for Home Loan Modifications
$
300,000
N/A
4/14/2010
Midwest Bank and Trust Co.
Elmwood Park
IL
Purchase
Financial Instrument for Home Loan Modifications
$
300,000
N/A
4/14/2010
Wealthbridge Mortgage Corp
Beaverton
OR
Purchase
Financial Instrument for Home Loan Modifications
$
6,550,000
N/A
5/21/2010
Aurora Financial Group, Inc.
Marlton
NJ
Purchase
Financial Instrument for Home Loan Modifications
$
10,000
N/A
4, 8
Adjustment Details
Cap Adjustment Amount
Adjusted Cap
Reason for Adjustment
8/13/2010
$
700,000
$
25,430,000 Transfer of cap due to servicing transfer
9/15/2010
$
200,000
$
25,630,000 Transfer of cap due to servicing transfer
9/30/2010
$
(1,695,826) $
11/16/2010
$
200,000
$
3/26/2010
$
8,680,000
$
9,450,000 Updated portfolio data from servicer
7/14/2010
$
(8,750,000) $
700,000 Updated portfolio data from servicer
9/30/2010
$
170,334
$
870,334 Updated portfolio data from servicer
3/26/2010
$
12,190,000
$
15,240,000 Updated portfolio data from servicer
5/14/2010
$
(15,240,000) $
3/26/2010
$
(730,000) $
230,000 Updated portfolio data from servicer
7/14/2010
$
370,000
$
600,000 Updated portfolio data from servicer
9/30/2010
$
200,000
$
800,000 Initial FHA-HAMP cap and initial 2MP cap
9/30/2010
$
(364,833) $
435,167 Updated portfolio data from servicer
11/16/2010
$
100,000
$
535,167 Transfer of cap due to servicing transfer
3/26/2010
$
160,000
$
700,000 Updated portfolio data from servicer
9/30/2010
$
25,278
$
725,278 Updated portfolio data from servicer
7/14/2010
$
4,440,000
$
5,500,000 Updated portfolio data from servicer
9/24/2010
$
(5,500,000) $
5/26/2010
$
120,000 $
7/14/2010
$
(12,660,000) $
9/30/2010
$
100,000
9/30/2010
$
(3,125,218) $
11/16/2010
$
800,000
7/14/2010
$
(44,880,000) $
9/30/2010
$
1,071,505
$
16,971,505 Updated portfolio data from servicer
7/14/2010
$
400,000
$
700,000 Updated portfolio data from servicer
9/30/2010
$
25,278
$
725,278 Updated portfolio data from servicer
7/14/2010
$
300,000
$
600,000 Updated portfolio data from servicer
9/30/2010
$
(19,778)
(19 778) $
580,222
580 222 Updated
U d d portfolio
f li data
d
from
f
servicer
i
7/14/2010
$
(150,000) $
6,400,000 Updated portfolio data from servicer
$
$
9/15/2010
$
1,600,000
9/30/2010
$
(4,352,173) $
5/26/2010
$
30,000 $
9/30/2010
$
250,111
$
$
23,934,174 Updated portfolio data from servicer
24,134,174 Transfer of cap due to servicing transfer
- Termination of SPA
- Termination of SPA
28,160,000 Initial 2MP cap
15,500,000 Updated portfolio data from servicer
15,600,000 Initial FHA-HAMP cap
12,474,782 Updated portfolio data from servicer
13,274,782 Transfer of cap due to servicing transfer
15,900,000 Updated portfolio data from servicer
8,000,000 Transfer of cap due to servicing transfer
3,647,827 Updated portfolio data from servicer
40,000 Updated FHA-HAMP cap
290,111 Updated portfolio data from servicer
Page 48 of 58
Servicer Modifying Borrowers' Loans
Name of Institution
Date
6/16/2010
Selene Financial, L.P.
City
Houston
State
TX
Transaction
Type
Transfer
Investment Description
Financial Instrument for Home Loan Modifications
Cap of Incentive Payments
Adjustment
on Behalf of Borrowers and
Pricing
Date
to Servicers &
Mechanism Note
$
-
N/A
9
8/4/2010
Suburban Mortgage Company of New Mexico
Albuquerque
NM
Purchase
Financial Instrument for Home Loan Modifications
$
880,000
N/A
8/20/2010
Bramble Savings Bank
Cincinanati
OH
Purchase
Financial Instrument for Home Loan Modifications
$
700,000
N/A
8/25/2010
Pathfinder Bank
Oswego
NY
Purchase
Financial Instrument for Home Loan Modifications
$
1,300,000
N/A
8/27/2010
First Financial Bank, N.A.
Terre Haute
ID
Purchase
Financial Instrument for Home Loan Modifications
$
4,300,000
N/A
9/1/2010
RBC Bank (USA)
Raleigh
NC
Purchase
Financial Instrument for Home Loan Modifications
$
100,000
N/A
9/3/2010
Fay Servicing, LLC
Chicago
IL
Purchase
Financial Instrument for Home Loan Modifications
$
3,100,000
N/A
9/15/2010
Vericret Financial, Inc.
Oklahoma City
OK
Purchase
Financial Instrument for Home Loan Modifications
$
-
N/A
9/15/2010
Midwest Community Bank
Freeport
IL
Purchase
Financial Instrument for Home Loan Modifications
$
400,000
N/A
9/24/2010
A
American
i
Fi
Finance H
House LARIBA
P
Pasadena
d
CA
P h
Purchase
Fi
Financial
i l IInstrument
t
t for
f Home
H
Loan
L
Modifications
M difi ti
$
100 000
100,000
N/A
9/24/2010
Centrue Bank
Ottawa
IL
Purchase
Financial Instrument for Home Loan Modifications
$
1,900,000
N/A
9/30/2010
AgFirst Farm Credit Bank
Columbia
SC
Purchase
Financial Instrument for Home Loan Modifications
$
100,000
N/A
9/30/2010
Amarillo National Bank
Amarillo
TX
Purchase
Financial Instrument for Home Loan Modifications
$
100,000
N/A
4, 8
9/30/2010
American Financial Resources Inc.
Parsippany
NJ
Purchase
Financial Instrument for Home Loan Modifications
$
100,000
N/A
4, 8
9/30/2010
Banco Popular de Puerto Rico
San Juan
PR
Purchase
Financial Instrument for Home Loan Modifications
$
1,700,000
N/A
4, 5, 8
9/30/2010
Capital International Financial, Inc.
Coral Gables
FL
Purchase
Financial Instrument for Home Loan Modifications
$
100,000
N/A
4, 8
9/24/2010
Citizens Community Bank
Freeburg
IL
Purchase
Financial Instrument for Home Loan Modifications
$
800,000
N/A
9/30/2010
Community Credit Union of Florida
Rockledge
FL
Purchase
Financial Instrument for Home Loan Modifications
$
2,000,000
N/A
6
9/30/2010
CU Mortgage Services, Inc.
New Brighton
MN
Purchase
Financial Instrument for Home Loan Modifications
$
100,000
N/A
4, 8
9/30/2010
First Federal Bank of Florida
Lake City
FL
Purchase
Financial Instrument for Home Loan Modifications
$
100,000
N/A
4, 8
9/30/2010
First Mortgage Coporation
Diamond Bar
CA
Purchase
Financial Instrument for Home Loan Modifications
$
100,000
N/A
4, 8
9/30/2010
First Safety Bank
Cincinnati
OH
Purchase
Financial Instrument for Home Loan Modifications
$
400,000
N/A
9/30/2010
Flagstar Capital Markets Corporation
Troy
MI
Purchase
Financial Instrument for Home Loan Modifications
$
800,000
N/A
7, 8
9/30/2010
Franklin Savings
Cincinnati
OH
Purchase
Financial Instrument for Home Loan Modifications
$
1,700,000
N/A
4
9/30/2010
Gateway Mortgage Group, LLC
Tulsa
OK
Purchase
Financial Instrument for Home Loan Modifications
$
100,000
N/A
4, 8
9/30/2010
GFA Federal Credit Union
Gardner
MA
Purchase
Financial Instrument for Home Loan Modifications
$
100,000
N/A
9/30/2010
Guaranty Bank
Saint Paul
MN
Purchase
Financial Instrument for Home Loan Modifications
$
100,000
N/A
4, 8
9/24/2010
James B. Nutter & Company
Kansas City
MO
Purchase
Financial Instrument for Home Loan Modifications
$
300,000
N/A
4, 8
9/30/2010
Liberty Bank and Trust Co
New Orleans
LA
Purchase
Financial Instrument for Home Loan Modifications
$
1,000,000
N/A
9/30/2010
M&T Bank
Buffalo
NY
Purchase
Financial Instrument for Home Loan Modifications
$
700,000
N/A
4, 8
9
4, 8
Adjustment Details
Cap Adjustment Amount
Adjusted Cap
Reason for Adjustment
6/16/2010
$
3,680,000
$
Transfer of cap from CitiMortgage, Inc. due to
3,680,000 servicing transfer
8/13/2010
$
3,300,000
$
6,980,000 Transfer of cap due to servicing transfer
9/30/2010
$
3,043,831
$
10,023,831 Updated portfolio data from servicer
10/15/2010
$
1,400,000
$
11,423,831 Transfer of cap due to servicing transfer
9/30/2010
$
1,585,945
$
2,465,945 Updated portfolio data from servicer
9/30/2010
$
1,040,667
$
1,740,667 Updated portfolio data from servicer
9/30/2010
$
2,181,334
$
3,481,334 Updated portfolio data from servicer
9/30/2010
$
7,014,337
$
11,314,337 Updated portfolio data from servicer
9/30/2010
$
45,056
$
145,056 Updated portfolio data from servicer
9/30/2010
$
5,168,169
$
8,268,169 Updated portfolio data from servicer
9/15/2010
$
1,000,000
$
1,000,000 Transfer of cap due to servicing transfer
9/30/2010
$
450,556
$
1,450,556 Updated portfolio data from servicer
9/30/2010
$
180,222
$
580,222 Updated portfolio data from servicer
9/30/2010
$
45,056
$
145,056 Updated portfolio data from servicer
9/30/2010
$
856,056
$
2,756,056 Updated portfolio data from servicer
9/30/2010
$
45,056
$
145,056 Updated portfolio data from servicer
9/30/2010
$
45,056
$
145,056 Updated portfolio data from servicer
9/30/2010
$
45,056
$
145,056 Updated portfolio data from servicer
9/30/2010
$
765,945
$
2,465,945 Updated portfolio data from servicer
9/30/2010
$
45,056
$
145,056 Updated portfolio data from servicer
9/30/2010
$
360,445
$
1,160,445 Updated portfolio data from servicer
9/30/2010
$
901,112
$
2,901,112 Updated portfolio data from servicer
9/30/2010
$
45,056
$
145,056 Updated portfolio data from servicer
9/30/2010
$
45,056
$
145,056 Updated portfolio data from servicer
9/30/2010
$
45,056
$
145,056 Updated portfolio data from servicer
9/30/2010
$
180,222
$
580,222 Updated portfolio data from servicer
9/30/2010
$
360,445
$
1,160,445 Updated portfolio data from servicer
9/30/2010
$
765,945
$
2,465,945 Updated portfolio data from servicer
9/30/2010
$
45,056
$
145,056 Updated portfolio data from servicer
9/30/2010
$
45,056
$
145,056 Updated portfolio data from servicer
9/30/2010
$
45,056
$
145,056 Updated portfolio data from servicer
9/30/2010
$
135,167
$
435,167 Updated portfolio data from servicer
9/30/2010
$
450,556
$
1,450,556 Updated portfolio data from servicer
9/30/2010
$
315,389
$
1,015,389 Updated portfolio data from servicer
Page 49 of 58
Servicer Modifying Borrowers' Loans
Name of Institution
Date
City
State
Transaction
Type
Investment Description
Cap of Incentive Payments
Adjustment
on Behalf of Borrowers and
Pricing
Date
to Servicers &
Mechanism Note
9/30/2010
Magna Bank
Germantown
TN
Purchase
Financial Instrument for Home Loan Modifications
$
1,400,000
N/A
9/30/2010
Mainstreet Credit Union
Lexena
KS
Purchase
Financial Instrument for Home Loan Modifications
$
500,000
N/A
9/30/2010
Marsh Associates, Inc.
Charlotte
NC
Purchase
Financial Instrument for Home Loan Modifications
$
100,000
N/A
4, 8
9/30/2010
Midland Mortgage Company
Oklahoma City
OK
Purchase
Financial Instrument for Home Loan Modifications
$
43,500,000
N/A
4, 5
9/30/2010
Schmidt Mortgage Company
Rocky River
OH
Purchase
Financial Instrument for Home Loan Modifications
$
100,000
N/A
4, 8
9/30/2010
Stockman Bank of Montana
Miles City
MT
Purchase
Financial Instrument for Home Loan Modifications
$
100,000
N/A
4, 8
9/30/2010
University First Federal Credit Union
Salt Lake City
UT
Purchase
Financial Instrument for Home Loan Modifications
$
600,000
N/A
9/30/2010
Weststar Mortgage, Inc.
Woodbridge
VA
Purchase
Financial Instrument for Home Loan Modifications
$
100,000
N/A
4, 8
12/15/2010 Statebridge Company, LLC
Denver
CO
Purchase
Financial Instrument for Home Loan Modifications
$
-
N/A
9
12/15/2010 Scotiabank de Puerto Rico
San Juan
PR
Purchase
Financial Instrument for Home Loan Modifications
$
-
N/A
9
Total Initial Cap
$
23,831,570,000
TOTAL CAP
5
Adjustment Details
Cap Adjustment Amount
Adjusted Cap
Reason for Adjustment
9/30/2010
$
630,778
$
2,030,778 Updated portfolio data from servicer
9/30/2010
$
225,278
$
725,278 Updated portfolio data from servicer
9/30/2010
$
45,056
$
145,056 Updated portfolio data from servicer
9/30/2010
$
49,915,806
$
93,415,806 Updated portfolio data from servicer
9/30/2010
$
45,056
$
145,056 Updated portfolio data from servicer
9/30/2010
$
45,056
$
145,056 Updated portfolio data from servicer
9/30/2010
$
270,334
$
870,334 Updated portfolio data from servicer
9/30/2010
$
45,056
$
145,056 Updated portfolio data from servicer
12/15/2010
$
5,000,000
$
5,000,000 Updated portfolio data from servicer
12/15/2010
$
4,300,000
$
4,300,000 Updated portfolio data from servicer
$
6,076,340,486
$
29,907,910,486
Total Cap Adjustments
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
modifications. Each adjustment to the Cap is reflected under Adjustment Details
Details.
2/ On July 31, 2009, the SPA with Chase Home Finance, LLC was terminated and superseded by new SPAs with J.P. Morgan Chase Bank, NA and EMC Mortgage Corporation.
3/ Wachovia Mortgage, FSB was merged with Wells Fargo Bank, NA, and the remaining Adjusted Cap stated above represents the amount previously paid to Wachovia Mortgage, FSB prior to such merger.
4/ Initial cap amount includes FHA-HAMP.
5/ Initial cap amount includes RD-HAMP.
6/ Initial cap amount includes 2MP.
7/ Initial cap amount includes FHA-2LP.
8/ Initial cap does not include HAMP.
9/ This institution executed an Assignment and Assumption Agreement (a copy of which is available on www.FinancialStability.gov) with respect to all rights and obligations for the transferred loan modifications. The amount transferred is realized as a cap adjustment and not as initial cap.
10/ The amendment reflects a change in the legal name of the institution.
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.
"RD-HAMP" means the Rural Housing Service Home Affordable Modification Program.
"FHA-2LP" means the FHA Second Lien Program
Page 50 of 58
Supplemental Information [Not Required by EESA §114(a)]
Home Affordable Modification Program
Non‐GSE Incentive Payments (through December 2010)
Name of Institution
Allstate Mortgage Loans & Investments, Inc.
American Home Mortgage Servicing, Inc.
Aurora Loan Services, LLC
BAC Home Loans Servicing, LP
Bank of America, N.A.
Bank United
Bayview Loan Servicing, LLC
Carrington Mortgage Services, LLC
CCO Mortgage
Central Florida Educators Federal Credit Union
CitiMortgage, Inc.
Citizens 1st National Bank
CUC Mortgage Corporation
DuPage Credit Union
EMC Mortgage Corporation
First Bank
First Keystone Bank
Franklin Credit Management Corporation
Fresno County Federal Credit Union
Glass City Federal Credit Union
GMAC Mortgage, Inc.
Great Lakes Credit Union
Greater Nevada Mortgage Services
Green Tree Servicing LLC
Hillsdale County National Bank
Home Loan Services, Inc.
HomEq Servicing
HomeStar Bank & Financial Services
Horicon Bank
Iberiabank
IBM Southeast Employees' Federal Credit Union
IC Federal Credit Union
Idaho Housing and Finance Association
J.P.Morgan Chase Bank, NA
Lake City Bank
Lake National Bank
Litton Loan Servicing LP
Borrowers
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
1,623
5,688,105
3,279,274
13,307,093
803,086
503,468
1,063,068
1,225,079
212,654
‐
11,160,233
‐
2,500
1,000
5,634,997
22,000
2,776
‐
‐
1,000
5,900,472
‐
5,167
61,520
‐
169,858
‐
‐
‐
‐
1,000
1,000
2,922
21,245,934
‐
1,000
4,692,217
Lenders/Investors
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
4,458
28,307,838
10,085,459
34,737,482
3,812,809
3,230,996
2,961,766
4,859,114
626,974
11,020
27,869,950
1,724
17,362
6,520
8,107,380
243,297
3,423
104,730
765
695
24,689,646
686
18,949
104,817
3,755
2,440,987
3,036,319
720
1,209
4,547
4,480
3,625
2,659
32,589,506
174
1,660
14,857,599
Servicer
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
4,623
23,932,851
10,156,226
38,240,562
4,290,272
2,847,063
3,390,312
4,405,103
553,581
22,500
31,504,057
3,000
20,417
2,500
14,244,807
329,000
8,718
224,000
1,000
3,000
22,407,309
1,000
23,750
223,144
12,000
3,698,607
5,272,500
1,000
2,000
13,000
6,000
6,000
5,922
56,907,032
2,000
2,000
14,239,785
Total Payments
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
10,704
57,928,795
23,520,959
86,285,137
8,906,167
6,581,528
7,415,146
10,489,296
1,393,209
33,520
70,534,240
4,724
40,278
10,020
27,987,184
594,297
14,917
328,730
1,765
4,695
52,997,426
1,686
47,865
389,480
15,755
6,309,452
8,308,819
1,720
3,209
17,547
11,480
10,625
11,503
110,742,472
2,174
4,660
33,789,601
Page 51 of 58
Los Alamos National Bank
Marix Servicing, LLC
Midland Mortgage Company
Mission Federal Credit Union
MorEquity, Inc.
Mortgage Center, LLC
National City Bank
Nationstar Mortgage LLC
Navy Federal Credit Union
Oakland Municipal Credit Union
Ocwen Financial Corporation, Inc.
OneWest Bank
ORNL Federal Credit Union
Park View Federal Savings Bank
Pathfinder Bank
PennyMac Loan Services, LLC
PNC Bank, National Association
Quantum Servicing Corporation
Residential Credit Solutions
RG Mortgage Corporation
RoundPoint Mortgage Servicing Corporation
Saxon Mortgage Services, Inc.
Schools Financial Credit Union
Select Portfolio Servicing
Selene Financial, L.P.
Servis One, Inc.
ShoreBank
Silver State Schools Credit Union
Specialized Loan Servicing LLC
Sterling Savings Bank
Technology Credit Union
The Golden 1 Credit Union
U.S. Bank National Association
United Bank Mortgage Corporation
Vericrest Financial, Inc.
Wachovia Mortgage, FSB
Wells Fargo Bank, NA
Wescom Central Credit Union
Wilshire Credit Corporation
Yadkin Valley Bank
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
277
1,632
112,700
3,250
188,006
6,418
292,252
2,099,086
6,000
‐
9,173,329
3,957,269
‐
‐
‐
71,908
917
‐
91,549
164,853
‐
8,690,167
1,000
9,753,985
750
917
24,302
‐
44,759
‐
1,833
‐
841,944
8,248
‐
‐
7,046,868
81,962
‐
1,000
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
Totals
$
117,656,225
$
1,075 $
43,402 $
$
17,758 $
1,712,237 $
34,592 $
1,041,294 $
5,650,177 $
24,596 $
393 $
25,462,557 $
18,878,211 $
‐
$
8,326 $
210 $
361,214 $
3,616 $
1,046 $
364,574 $
227,582 $
15,253 $
14,851,009 $
10,306 $
24,945,066 $
5,503 $
1,247 $
94,230 $
18,378 $
221,027 $
16,534 $
18,309 $
47,964 $
5,262,729 $
17,839 $
‐
$
76,890 $
34,916,749 $
283,353 $
490,394 $
495 $
337,881,234
$
6,474
103,632
117,438
21,000
1,581,563
53,168
908,776
6,930,651
31,000
3,000
25,566,629
15,119,280
2,000
7,000
1,000
354,241
7,917
1,000
444,961
401,334
38,000
23,835,057
5,500
28,271,406
1,000
1,000
113,052
17,500
161,926
26,500
15,000
47,000
4,623,346
26,727
5,000
162,000
37,174,149
198,613
1,167,000
5,000
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
7,826
148,666
230,138
42,008
3,481,806
94,178
2,242,322
14,679,914
61,596
3,393
60,202,515
37,954,760
2,000
15,326
1,210
787,362
12,449
2,046
901,084
793,769
53,253
47,376,233
16,806
62,970,456
7,253
3,164
231,585
35,878
427,713
43,034
35,143
94,964
10,728,020
52,814
5,000
238,890
79,137,766
563,928
1,657,394
6,495
384,563,479
$
840,100,938
Page 52 of 58
Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets
Hardest Hit Funds (HHF) Program
Seller
Note
Date
2
9/23/2010
3
9/29/2010
Name of Institution
6/23/2010 Nevada Affordable Housing Assistance Corporation
6/23/2010 CalHFA Mortgage Assistance Corporation
2
9/23/2010
3
9/29/2010
6/23/2010 Florida Housing Finance Corporation
2
9/23/2010
3
9/29/2010
6/23/2010 Arizona (Home) Foreclosure Prevention Funding Corporation
3
9/29/2010
2
9/23/2010
3
9/29/2010
6/23/2010 Michigan Homeowner Assistance Nonprofit Housing Corporation
8/3/2010
2
9/23/2010
3
9/29/2010
8/3/2010
2
9/23/2010
3
9/29/2010
8/3/2010
2
9/23/2010
3
9/29/2010
8/3/2010
2
9/23/2010
3
9/29/2010
8/3/2010
2
9/23/2010
3
9/29/2010
North Carolina Housing Finance Agency
Ohio Homeowner Assistance LLC
Oregon Affordable Housing Assistance Corporation
Rhode Island Housing and Mortgage Finance Corporation
SC Housing Corp
9/23/2010 Alabama Housing Finance Authority
3
9/29/2010
3
9/ 9/ 0 0
9/29/2010
3
9/29/2010
3
9/29/2010
9/23/2010 Kentucky Housing Corporation
9/23/2010 Mississippi Home Corporation
9/23/2010 GHFA Affordable Housing, Inc.
City
Reno
Sacramento
Tallahassee
Phoenix
Lansing
Raleigh
Columbus
Salem
Providence
Columbia
Montgomery
Frankfort
Jackson
Atlanta
Investment Amount
Pricing
Additional
1
Mechanism
Investment Amount
$
194,026,240
102,800,000
N/A
State
Transaction
Type
NV
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
-
$
34,056,581
Purchase
Financial Instrument for HHF Program
-
$
57,169,659
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
CA
FL
AZ
MI
NC
OH
OR
RI
SC
AL
KY
MS
GA
Investment Description
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
u c ase
Purchase
a c a Instrument
st u e t for
o HHF Program
og a
Financial
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Initial Investment
Amount
$
$
$
$
-
$
476,257,070
-
$
799,477,026
$
$
$
$
$
$
-
$
238,864,755
-
$
400,974,381
$
142,666,006
-
$
128,461,559
-
$
215,644,179
154,500,000
-
-
$
120,874,221
-
$
202,907,565
-
172,000,000
-
$
148,728,864
-
$
249,666,235
88,000,000
-
-
$
49,294,215
-
$
82,748,571
-
43,000,000
-
$
13,570,770
-
$
22,780,803
138,000,000
-
-
$
58,772,347
-
$
98,659,200
60,672,471
$
101,848,874
$
93,313,825
93,3
3,8 5
$
63,851,373
$
212,604,832
-
55,588,050
38,036,950
-
$
-
159,000,000
$
-
125,100,000
$
-
418,000,000
$
-
699,600,000
-
126,650,987
-
N/A
N/A
$
1,975,334,096
N/A
N/A
N/A
$
1,057,839,136
N/A
N/A
N/A
$
267,766,006
N/A
N/A
$
498,605,738
N/A
N/A
N/A
$
482,781,786
N/A
N/A
N/A
$
570,395,099
N/A
N/A
N/A
$
220,042,786
N/A
N/A
N/A
$
79,351,573
N/A
N/A
N/A
$
295,431,547
N/A
N/A
N/A
$
162,521,345
N/A
N/A
$
148,901,875
N/A
N/A
/
$
101,888,323
N/A
N/A
$
339,255,819
N/A
N/A
Page 53 of 58
Seller
Name of Institution
Note
Date
3
9/29/2010
3
9/29/2010
3
9/29/2010
3
9/29/2010
3
9/23/2010 Tennessee Housing Development Agency
9/29/2010
9/23/2010 Indiana Housing and Community Development Authority
9/23/2010 Illinois Housing Development Authority
9/23/2010 New Jersey Housing and Mortgage Finance Agency
9/23/2010 District of Columbia Housing Finance Agency
City
State
Transaction
Type
Indianapolis
IN
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Financial Instrument for HHF Program
Purchase
Purchase
Financial Instrument for HHF Program
Financial Instrument for HHF Program
Chicago
Trenton
Washington
Nashville
IL
NJ
DC
TN
Investment Description
Initial Investment
Amount
$
82,762,859
-
$
$
279,250,831
$
188,347,507
$
12,970,520
$
136,187,333
-
7,726,678
-
$
138,931,280
112,200,637
-
$
$
166,352,726
-
$
Investment Amount
Pricing
Additional
1
Mechanism
Investment Amount
81,128,260
-
TOTAL INVESTMENT AMOUNT
$
221,694,139
N/A
N/A
$
445,603,557
N/A
N/A
$
300,548,144
N/A
N/A
$
20,697,198
N/A
N/A
$
217,315,593
$
7,600,000,000
N/A
N/A
1/ The purchase will be incrementally funded up to the investment amount.
2/ On 9/23/2010, Treasury provided additonal investment to this HFA and substituted its investment for an amended and restated Financial Instrument.
Page 54 of 58
FHA SHORT REFINANCE PROGRAM
Seller
Footnote
Date
1
9/3/2010
Name
Citigroup, Inc.
City
New York
State
Transaction
Type
NY
Purchase
Investment Description
Facility Purchase Agreement, dated as of September
3, 2010, between the U.S. Department of the Treasury
and Citibank, N.A
Investment Amount
$
8,117,000,000
TOTAL
$
8,117,000,000
Pricing Mechanism
N/A
1/ On September 3, 2010, the U.S. Department of the Treasury and Citibank, N.A. entered into a facility purchase agreement (the 'L/C Facility Agreement"), which allowed Treasury to demand from Citigroup the issuance of an
up to $8 billion, 10-year letter of credit (the "L/C"). Treasury will increase availability under the L/C incrementally in proportion to the dollar value of mortgages refinanced under the FHA Short Refinance program from time to
time during the first 2.5 years. At that time, the amount of the L/C will be capped at the then-current level. Under the terms of the L/C Facility Agreement, Treasury will incur fees for the availability and usage of the L/C up to a
maximum amount of $117 million.
Page 55 of 58
U.S. Treasury Department
Office of Financial Stability
Troubled Asset Relief Program
Projected Costs and Liabilities [Section 105(a)(3)(E)]
For Period Ending December 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 December 31, 2010
Type of Expense
Compensation for financial agents
and legal firms
Amount
$376,168,067
U.S. Treasury Department
Office of Financial Stability
Troubled Asset Relief Program
Description of Vehicles Established [Section 105(a)(3)(H)]
For Period Ending December 31, 2010
Date
Vehicle
None
Description
@FedFRASER