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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
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<div align="left" style="font-size: 12pt; margin-top: 0pt"><u><b></b></u>
</div>
<div align="left">
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Wells Fargo & Company is a diversified financial services company. We provide banking, insurance,
investments, mortgage banking, investment banking, retail banking, brokerage, and consumer finance
through banking stores, the internet and other distribution channels to consumers, businesses and
institutions in all 50 states, the District of Columbia, and in other countries. When we refer to
“Wells Fargo,” “the Company,” “we,” “our” or “us” in this Form 10-Q, we mean Wells Fargo & Company
and Subsidiaries (consolidated). Wells Fargo & Company (the Parent) is a financial holding company
and a bank holding company. We also hold a majority interest in a retail brokerage subsidiary and a
real estate investment trust, which has publicly traded preferred stock outstanding.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Our accounting and reporting policies conform with U.S. generally accepted accounting principles
(GAAP) and practices in the financial services industry. To prepare the financial statements in
conformity with GAAP, management must make estimates based on assumptions about future economic and
market conditions (for example, unemployment, market liquidity, real estate prices, etc.) that
affect the reported amounts of assets and liabilities at the date of the financial statements and
income and expenses during the reporting period and the related disclosures. Although our estimates
contemplate current conditions and how we expect them to change in the future, it is reasonably
possible that in 2009 actual conditions could be worse than anticipated in those estimates, which
could materially affect our results of operations and financial condition. Management has made
significant estimates in several areas, including the evaluation of other-than-temporary impairment
on investment securities (Note 4), allowance for credit losses and loans accounted for under
American Institute of Certified Public Accountants (AICPA) Statement of Position 03-3, <i>Accounting
for Certain Loans or Debt Securities Acquired in a Transfer </i>(SOP 03-3) (Note 5), valuing
residential mortgage servicing rights (MSRs) (Notes 7 and 8) and financial instruments (Note 12),
pension accounting (Note 14) and income taxes. Actual results could differ from those estimates.
Among other effects, such changes could result in future impairments of investment securities,
increases to the allowance for loan losses, as well as increased future pension expense.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">On December 31, 2008, Wells Fargo acquired Wachovia Corporation (Wachovia). Because the acquisition
was completed at the end of 2008, Wachovia’s results of operations are included in the income
statement and average balances beginning in 2009. Wachovia’s assets and liabilities are included in
the consolidated balance sheet beginning on December 31, 2008. The accounting policies of Wachovia
have been conformed to those of Wells Fargo as described herein.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">On January 1, 2009, the Company adopted Financial Accounting Standards Board (FASB) Statement of
Financial Accounting Standards (FAS) No. 160, <i>Noncontrolling Interests in Consolidated Financial
Statements — an amendment of ARB No. 51, </i>on a retrospective basis for disclosure and, accordingly,
prior period information reflects the adoption. FAS 160 requires that noncontrolling interests be
reported as a component of total equity. In addition, FAS 160 requires that the consolidated income
statement disclose amounts attributable to both Wells Fargo interests and the noncontrolling
interests.
</div>
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">The information furnished in these unaudited interim statements reflects all adjustments that are,
in the opinion of management, necessary for a fair statement of the results for the periods
presented. These adjustments are of a normal recurring nature, unless otherwise disclosed in this
Form 10-Q. The results of operations in the interim statements do not necessarily indicate the
results that may be expected for the full year. The interim financial information should be read in
conjunction with our Annual Report on Form 10-K for the year ended December 31, 2008 (2008 Form
10-K).
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Current Accounting Developments</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">In first quarter 2009, we adopted the following new accounting pronouncements:
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>FAS 161, <i>Disclosures about Derivative Instruments and Hedging Activities — an amendment of
FASB Statement No. 133</i>;</td>
</tr>
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>FAS 160, <i>Noncontrolling Interests in Consolidated Financial Statements — an amendment of
ARB No. 51</i>;</td>
</tr>
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>FAS 141R (revised 2007), <i>Business Combinations</i>;</td>
</tr>
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>FASB Staff Position (FSP) FAS 157-4, <i>Determining Fair Value When the Volume and Level of
Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions
That Are Not Orderly</i>;</td>
</tr>
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>FSP FAS 115-2 and FAS 124-2, <i>Recognition and Presentation of Other-Than-Temporary
Impairments</i>; and</td>
</tr>
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>FSP Emerging Issues Task Force (EITF) 03-6-1, <i>Determining Whether Instruments Granted in
Share-Based Payment Transactions Are Participating Securities</i>.</td>
</tr>
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td colspan="3">In second quarter 2009, we adopted the following new accounting pronouncements:</td>
</tr>
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>FSP FAS 107-1 and APB Opinion 28-1, <i>Interim Disclosures about Fair Value of Financial
Instruments</i>; and</td>
</tr>
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>FAS 165, <i>Subsequent Events</i>.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><u>FAS 161</u> changes the disclosure requirements for derivative instruments and hedging
activities. It requires enhanced disclosures about how and why an entity uses derivatives, how
derivatives and related hedged items are accounted for, and how derivatives and hedged items affect
an entity’s financial position, performance and cash flows. We adopted FAS 161 for first quarter
2009 reporting. See Note 11 for complete disclosures under FAS 161. Because FAS 161 amends only the
disclosure requirements for derivative instruments and hedged items, the adoption of FAS 161 does
not affect our consolidated financial results.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><u>FAS 160</u> requires that noncontrolling interests (previously referred to as minority
interests) be reported as a component of equity in the balance sheet. Prior to adoption of FAS 160,
they were classified outside of equity. This new standard also changes the way a noncontrolling
interest is presented in the income statement such that a parent’s consolidated income statement
includes amounts attributable to both the parent’s interest and the noncontrolling interest. FAS
160 requires a parent to recognize a gain or loss when a subsidiary is deconsolidated. The
remaining interest is initially recorded at fair value. Other changes in ownership interest where
the parent continues to have a majority ownership interest in the subsidiary are accounted for as
capital transactions. FAS 160 was effective on January 1, 2009. Adoption is applied prospectively
to all noncontrolling interests including those that arose prior to the adoption of FAS 160, with
retrospective adoption required for disclosure of noncontrolling interests held as of the adoption
date.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We hold a controlling interest in a joint venture with Prudential Financial, Inc. (Prudential). For
more information, see the “Contractual Obligations” section in our 2008 Form 10-K. In connection
with the adoption of FAS 160 on January 1, 2009, we reclassified Prudential’s noncontrolling
interest to equity.
</div>
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</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">Under the terms of the original agreement under which the joint venture was established between
Wachovia and Prudential, each party has certain rights such that changes in our ownership interest
can occur. On December 4, 2008, Prudential publicly announced its intention to exercise its option
to put its noncontrolling interest to us at the end of the lookback period, as defined (January 1,
2010). As a result of the issuance of FAS 160 and related interpretive guidance, along with this
stated intention, on January 1, 2009, we increased the carrying value of Prudential’s
noncontrolling interest in the joint venture to the estimated maximum redemption amount, with the
offset recorded to additional paid-in capital.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><u>FAS 141R</u> requires an acquirer in a business combination to recognize the assets acquired
(including loan receivables), the liabilities assumed, and any noncontrolling interest in the
acquiree at the acquisition date, at their fair values as of that date, with limited exceptions.
The acquirer is not permitted to recognize a separate valuation allowance as of the acquisition
date for loans and other assets acquired in a business combination. The revised statement requires
acquisition-related costs to be expensed separately from the acquisition. It also requires
restructuring costs that the acquirer expected but was not obligated to incur, to be expensed
separately from the business combination. FAS 141R is applicable prospectively to business
combinations completed on or after January 1, 2009.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><u>FSP FAS 157-4</u> addresses measuring fair value under FAS 157 in situations where markets are
inactive and transactions are not orderly. The FSP acknowledges that in these circumstances quoted
prices may not be determinative of fair value. The FSP emphasizes, however, that even if there has
been a significant decrease in the volume and level of activity for an asset or liability and
regardless of the valuation technique(s) used, the objective of a fair value measurement has not
changed. Prior to issuance of this FSP, FAS 157 had been interpreted by many companies, including
Wells Fargo, to emphasize that fair value must be measured based on the most recently available
quoted market prices, even for markets that have experienced a significant decline in the volume
and level of activity relative to normal conditions and therefore could have increased frequency of
transactions that are not orderly. Under the provisions of the FSP, price quotes for assets or
liabilities in inactive markets may require adjustment due to uncertainty as to whether the
underlying transactions are orderly.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">For inactive markets, there is little information, if any, to evaluate if individual transactions
are orderly. Accordingly, we are required to estimate, based upon all available facts and
circumstances, the degree to which orderly transactions are occurring. The FSP does not prescribe a
specific method for adjusting transaction or quoted prices; however, it does provide guidance for
determining how much weight to give transaction or quoted prices. Price quotes based upon
transactions that are not orderly are not considered to be determinative of fair value and should
be given little, if any, weight in measuring fair value. Price quotes based upon transactions that
are orderly shall be considered in determining fair value, with the weight given based upon the
facts and circumstances. If sufficient information is not available to determine if price quotes
are based upon orderly transactions, less weight should be given to the price quote relative to
other transactions that are known to be orderly.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The provisions of FSP FAS 157-4 are effective for second quarter 2009; however, as permitted under
the pronouncement, we early adopted in first quarter 2009. Adoption of this pronouncement resulted
in an increase in the valuation of securities available for sale in first quarter 2009 of $4.5
billion ($2.8 billion after tax), which was included in other comprehensive income, and trading
assets of $18 million, which was reflected in earnings. See the “Critical Accounting Policies”
section in this Report for more information.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><u>FSP FAS 115-2 and FAS 124-2</u> states that an other-than-temporary impairment (OTTI)
write-down of debt securities, where fair value is below amortized cost, is triggered in
circumstances where (1) an entity has the intent to sell a security, (2) it is more likely than not
that the entity will be required to sell the
security before recovery of its amortized cost basis,
or (3) the entity does not expect to recover the entire
amortized cost basis of the security. If an entity intends to sell a security or if it is more
likely than not the entity will be required to sell the security before recovery, an OTTI
write-down is recognized in earnings equal to the entire difference between the security’s
amortized cost basis and its fair value. If an entity does not intend to sell the security or it is
more likely than not that it will not be required to sell the security before recovery, the OTTI
write-down is separated into an amount representing the credit loss, which is recognized in
earnings, and the amount related to all other factors, which is recognized in other comprehensive
income. The provisions of this FSP are effective for second quarter 2009; however, as permitted
under the pronouncement, we early adopted on January 1, 2009, and increased the beginning balance
of retained earnings by $85 million ($53 million after tax) with a corresponding adjustment to
cumulative other comprehensive income for OTTI recorded in previous periods on securities in our
portfolio at January 1, 2009, that would not have been required had the FSP been effective for
those periods.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><u>FSP EITF 03-6-1</u> requires that unvested share-based payment awards that have nonforfeitable
rights to dividends or dividend equivalents be treated as participating securities and, therefore,
included in the computation of earnings per share under the two-class method described in FAS 128,
<i>Earnings per Share</i>. This pronouncement is effective on January 1, 2009, with retrospective adoption
required. The adoption of FSP EITF 03-6-1 did not have a material effect on our consolidated
financial statements.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><u>FSP FAS 107-1 and APB 28-1</u> states that entities must disclose the fair value of financial
instruments in interim reporting periods as well as in annual financial statements. The FSP also
requires disclosure of the methods and assumptions used to estimate fair value as well as any
changes in methods and assumptions that occurred during the reporting period. We adopted this
pronouncement in second quarter 2009. See Note 12 for additional information. Because the FSP
amends only the disclosure requirements related to the fair value of financial instruments, the
adoption of this FSP does not affect our consolidated financial statements.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><u>FAS 165</u> describes two types of subsequent events that previously were addressed in the
auditing literature, one that requires post-period end adjustment to the financial statements being
issued, and one that requires footnote disclosure only. FAS 165 also requires a company to disclose
the date through which management has evaluated subsequent events, which for public companies is
the date that financial statements are issued. FAS 165 is effective in second quarter 2009 with
prospective application. Our adoption of this standard did not have a material impact on our
consolidated financial statements.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Supplemental Cash Flow Information</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Noncash investing and financing activities are presented below, including information on transfers
impacting mortgages held for sale (MHFS), loans held for sale (LHFS), and mortgage servicing rights
(MSRs).
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="9" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Six months ended June 30,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Transfers from trading assets to securities available for sale
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>845</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Transfers from MHFS to trading assets
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>663</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Transfers from MHFS to securities available for sale
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">268</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Transfers from MHFS to MSRs
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>3,550</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,800</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Transfers from MHFS to foreclosed assets
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>87</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Net transfers from loans to MHFS
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>45</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">(235)</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Net transfers from loans to LHFS
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>16</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">(412)</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Transfers from loans to foreclosed assets
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>3,307</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,403</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 0px solid #000000"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="9" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Subsequent Events</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We have evaluated the effects of subsequent events that have occurred subsequent to period end June
30, 2009, and through August 7, 2009, which is the date we issued our financial statements. During
this period, there have been no material events that would require recognition in our second
quarter 2009 consolidated financial statements or disclosure in the Notes to the financial
statements.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
</div>
</div>
</body>
</html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<html>
<head></head>
<body>
<!-- Begin Block Tagged Note 2 - us-gaap:BusinessCombinationDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>2. BUSINESS COMBINATIONS</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We regularly explore opportunities to acquire financial services companies and businesses.
Generally, we do not make a public announcement about an acquisition opportunity until a definitive
agreement has been signed.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">In the first half of 2009, we completed the acquisitions of a factoring business with total assets
of $74 million and four insurance brokerage businesses with total assets of $32 million. At June
30, 2009, we had no pending business combinations.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">On December 31, 2008, we acquired all outstanding shares of Wachovia common stock in a
stock-for-stock transaction. Because the transaction closed on the last day of the annual reporting
period, certain fair value purchase accounting adjustments were based on data as of an interim
period with estimates through year end. Accordingly, we have re-validated and, where necessary,
have refined our purchase accounting adjustments. We will continue to update the fair value of net
assets acquired for a period of up to one year from the date of the acquisition as we further
refine acquisition date fair values. The impact of all changes were recorded to goodwill and
increased goodwill by $1.9 billion in the first half of 2009. This acquisition was nontaxable and,
as a result, there is no tax basis in goodwill. Accordingly, none of the goodwill associated with
the Wachovia acquisition is deductible for tax purposes.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The refined allocation of the purchase price at December 31, 2008, is presented in the following
table.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Purchase Price and Goodwill</b>
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="13" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="64%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Dec. 31,</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2008</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Dec. 31,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>(refined)</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Refinements</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="13" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Purchase price:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Value of common shares
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>14,621</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14,621</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Value of preferred shares
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>8,409</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,409</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Other (value of share-based awards and direct acquisition costs)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>62</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">62</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="13" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Total purchase price
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>23,092</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">23,092</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Allocation of the purchase price:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Wachovia tangible stockholders’ equity, less prior purchase
accounting adjustments and other basis adjustments eliminated
in purchase accounting
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>19,386</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(8</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">19,394</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Adjustments to reflect assets acquired and liabilities assumed
at fair value:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Loans and leases, net
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(17,961</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,564</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(16,397</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Premises and equipment, net
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(680</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(224</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(456</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Intangible assets
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>14,589</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(151</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">14,740</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Other assets
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(3,869</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(425</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,444</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Deposits
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(4,575</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(141</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4,434</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Accrued expenses and other liabilities (exit, termination and
other liabilities)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,404</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(805</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,599</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Long-term debt
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(226</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(36</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(190</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Deferred taxes
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>8,104</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,428</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,676</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="13" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value of net assets acquired
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>12,364</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,926</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">14,290</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="13" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Goodwill resulting from the merger
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>10,728</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,926</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,802</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="13" align="left" style="border-top: 3px double #000000"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="13" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">The increase in goodwill includes the recognition of additional types of costs associated with
involuntary employee termination, contract terminations and closing duplicate facilities and have
been allocated to the purchase price. These costs will be recorded throughout 2009 as part of the
further integration of Wachovia’s employees, locations and operations with Wells Fargo as
management finalizes integration plans. The following table summarizes exit reserves associated
with the Wachovia acquisition:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Employee</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Contract</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Facilities</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">termination</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">termination</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">related</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Total</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Balance, December 31, 2008
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">57</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">129</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">199</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Purchase accounting adjustments
</div></td>
<td> </td>
<td> </td>
<td align="right">100</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">200</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">60</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">360</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Cash payments / utilization
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(50</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(8</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(58</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Balance, March 31, 2009
</div></td>
<td> </td>
<td> </td>
<td align="right">107</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">213</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">181</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">501</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Purchase accounting adjustments</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>165</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>16</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(75</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>106</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Cash payments / utilization</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(46</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(41</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(87</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Balance, June 30, 2009</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>226</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>229</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>65</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>520</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 3px double #000000"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left">
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
</table>
</div>
</div>
</body>
</html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<html>
<head></head>
<body>
<!-- Begin Block Tagged Note 3 - wfc:FederalFundsSoldSecuritiesPurchasedUnderResaleAgreementsAndOtherShortTermInvestmentsTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="1%" nowrap="nowrap" align="left"><b>3.</b></td>
<td width="1%"> </td>
<td><b>FEDERAL FUNDS SOLD, SECURITIES PURCHASED UNDER RESALE AGREEMENTS AND OTHER SHORT-TERM
INVESTMENTS</b></td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The following table provides the detail of federal funds sold, securities purchased under resale
agreements and other short-term investments.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="9" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Dec. 31,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Federal funds sold and securities purchased under
resale agreements
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>12,071</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,439</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest-earning deposits
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,876</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">39,890</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Other short-term investments
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,029</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,104</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Total
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>15,976</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">49,433</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 3px double #000000"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="9" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
</div>
</div>
</body>
</html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<html>
<head></head>
<body>
<!-- Begin Block Tagged Note 4 - us-gaap:AvailableForSaleSecuritiesTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>4. SECURITIES AVAILABLE FOR SALE</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The following table provides the cost and fair value for the major categories of securities
available for sale. The net unrealized gains (losses) are reported on an after-tax basis as a
component of cumulative other comprehensive income. There were no securities classified as held to
maturity as of the periods presented.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Gross</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Gross</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">unrealized</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">unrealized</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Fair</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Cost</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">gains</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">losses</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">value</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">December 31, 2008
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Securities of U.S. Treasury and federal agencies
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">3,187</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">62</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,249</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Securities of U.S. states and political subdivisions
</div></td>
<td> </td>
<td> </td>
<td align="right">14,062</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">116</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,520</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">12,658</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Mortgage-backed securities:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Federal agencies
</div></td>
<td> </td>
<td> </td>
<td align="right">64,726</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,711</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">66,434</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Residential
</div></td>
<td> </td>
<td> </td>
<td align="right">29,536</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4,717</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">24,830</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Commercial
</div></td>
<td> </td>
<td> </td>
<td align="right">12,305</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">51</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,878</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">8,478</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Total mortgage-backed securities
</div></td>
<td> </td>
<td> </td>
<td align="right">106,567</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,773</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(8,598</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">99,742</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Corporate debt securities
</div></td>
<td> </td>
<td> </td>
<td align="right">7,382</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">81</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(539</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">6,924</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Collateralized debt obligations
</div></td>
<td> </td>
<td> </td>
<td align="right">2,634</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">21</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(570</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">2,085</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Other (1) (2)
</div></td>
<td> </td>
<td> </td>
<td align="right">21,363</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(602</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">20,775</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px">Total debt securities
</div></td>
<td> </td>
<td> </td>
<td align="right">155,195</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,067</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(11,829</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">145,433</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Marketable equity securities:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Perpetual preferred securities
</div></td>
<td> </td>
<td> </td>
<td align="right">5,040</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(327</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">4,726</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Other marketable equity securities
</div></td>
<td> </td>
<td> </td>
<td align="right">1,256</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">181</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(27</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,410</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px">Total marketable equity securities
</div></td>
<td> </td>
<td> </td>
<td align="right">6,296</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">194</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(354</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">6,136</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:75px; text-indent:-15px">Total
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">161,491</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,261</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(12,183</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">151,569</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 3px double #000000"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>June 30, 2009</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Securities of U.S. Treasury and federal agencies</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>2,482</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>48</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(13</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>2,517</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Securities of U.S. states and political subdivisions</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>12,802</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>354</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(778</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>12,378</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Mortgage-backed securities:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Federal agencies</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>112,049</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,833</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(38</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>114,844</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Residential </b>(2)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>34,022</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,523</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(3,021</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>32,524</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Commercial</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>12,418</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>410</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,605</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>10,223</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px"><b>Total mortgage-backed securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>158,489</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,766</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(5,664</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>157,591</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Corporate debt securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>8,575</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>501</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(263</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>8,813</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Collateralized debt obligations</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>3,048</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>229</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(529</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>2,748</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Other </b>(1)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>16,308</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>858</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(327</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>16,839</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:60px; text-indent:-15px"><b>Total debt securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>201,704</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6,756</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(7,574</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>200,886</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Marketable equity securities:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Perpetual preferred securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>4,136</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>201</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(274</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>4,063</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Other marketable equity securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,355</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>532</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(41</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>1,846</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:60px; text-indent:-15px"><b>Total marketable equity securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>5,491</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>733</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(315</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>5,909</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:75px; text-indent:-15px"><b>Total</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>207,195</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7,489</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(7,889</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>206,795</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 3px double #000000"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr style="font-size: 6pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>The “Other” category includes certain asset-backed securities collateralized by auto leases with a cost basis and fair value of $8,962 million and $9,201 million, respectively, at June 30, 2009, and
$8,310 million and $7,852 million, respectively, at December 31, 2008.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Foreign residential mortgage-backed securities with a fair value of $3.4 billion are included in residential mortgage-backed securities at June 30, 2009. These instruments were included in other debt securities at December 31,
2008, and had a fair value of $6.3 billion.</td>
</tr>
</table>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Gross Unrealized Losses and Fair Value</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The following table shows the gross unrealized losses and fair value of securities in the
securities available-for-sale portfolio by length of time that individual securities in each
category had been in a continuous loss position. Debt securities on which we have taken only
credit-related OTTI write-downs are categorized as being “less than 12 months” or “12 months or
more” in a continuous loss position based on the point in time that the fair value declined to
below the cost basis and not the period of time since the credit-related OTTI write-down.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="25" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="28%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Less than 12 months</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">12 months or more</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Total</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Gross</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Gross</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Gross</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">unrealized</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Fair</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">unrealized</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Fair</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">unrealized</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Fair</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">losses</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">value</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">losses</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">value</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">losses</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">value</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">December 31, 2008
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Securities of U.S. Treasury and
federal agencies
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Securities of U.S. states and
political subdivisions
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(745</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,483</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(775</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,702</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,520</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">5,185</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Mortgage-backed securities:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Federal agencies
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">83</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">83</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Residential
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4,471</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">9,960</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(246</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">238</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4,717</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">10,198</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Commercial
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,726</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">4,152</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,152</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">2,302</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,878</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">6,454</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Total mortgage-backed securities
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(6,200</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">14,195</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,398</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">2,540</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(8,598</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">16,735</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Corporate debt securities
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(285</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,056</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(254</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">469</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(539</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,525</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Collateralized debt obligations
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(113</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">215</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(457</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">180</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(570</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">395</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Other
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(554</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">8,638</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(48</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">38</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(602</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">8,676</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px">Total debt securities
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(7,897</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">27,587</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,932</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">4,929</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(11,829</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">32,516</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Marketable equity securities:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Perpetual preferred securities
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(75</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">265</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(252</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">360</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(327</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">625</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Other marketable equity securities
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(23</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">72</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">9</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(27</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">81</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px">Total marketable equity securities
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(98</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">337</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(256</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">369</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(354</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">706</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:75px; text-indent:-15px">Total
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(7,995</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">27,924</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4,188</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">5,298</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(12,183</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">33,222</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>June 30, 2009</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Securities of U.S. Treasury and
federal agencies</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"><b>$</b></td>
<td align="right"><b>(13</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>519</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(13</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>519</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Securities of U.S. states and
political subdivisions</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(165</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>3,122</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(613</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>3,064</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(778</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>6,186</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Mortgage-backed securities:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Federal agencies</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(38</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>6,778</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(38</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>6,778</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Residential</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(604</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>7,699</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,417</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>10,116</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(3,021</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>17,815</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Commercial</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(592</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>2,904</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,013</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>4,199</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,605</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>7,103</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px"><b>Total mortgage-backed securities</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,234</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>17,381</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(4,430</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>14,315</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(5,664</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>31,696</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Corporate debt securities</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(89</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>993</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(174</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>767</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(263</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>1,760</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Collateralized debt obligations</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(154</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>694</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(375</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>397</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(529</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>1,091</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Other</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(194</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>1,350</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(133</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>78</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(327</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>1,428</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:60px; text-indent:-15px"><b>Total debt securities</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,849</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>24,059</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(5,725</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>18,621</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(7,574</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>42,680</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Marketable equity securities:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Perpetual preferred securities</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(14</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>326</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(260</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>615</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(274</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>941</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Other marketable equity securities</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(31</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>239</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(10</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>17</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(41</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>256</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:60px; text-indent:-15px"><b>Total marketable equity securities</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(45</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>565</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(270</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>632</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(315</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>1,197</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:75px; text-indent:-15px"><b>Total</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"><b>$</b></td>
<td align="right"><b>(1,894</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>24,624</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(5,995</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>19,253</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(7,889</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>43,877</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">For the securities in the above table, we do not have the intent to sell and have determined
it is more likely than not that we will not be required to sell the security prior to recovery of
the amortized cost basis. We have assessed each security for credit impairment. For debt securities,
we evaluate, where necessary, whether credit impairment exists by comparing the present value of
the expected cash flows to the securities amortized cost basis. For equity securities, we consider
numerous factors in determining
whether impairment exists, including our intent and ability to hold
the securities for a period of time sufficient to recover the securities’ amortized cost basis.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">In
determining whether a loss is temporary, we consider all relevant information including:
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>The length of time and the extent to which the fair value has been less than the amortized
cost basis;</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Adverse conditions specifically related to the security, an industry, or a geographic area
(for example, changes in the financial condition of the issuer of the security, or in the case
of an asset-backed debt security, in the financial condition of the underlying loan obligors,
including changes in technology or the discontinuance of a segment of the business that may
affect the future earnings potential of the issuer or underlying loan obligors of the security
or changes in the quality of the credit enhancement);</td>
</tr>
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>The historical and implied volatility of the fair value of the security;</td>
</tr>
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>The payment structure of the debt security and the likelihood of the issuer being able to
make payments that increase in the future;</td>
</tr>
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Failure of the issuer of the security to make scheduled interest or principal payments;</td>
</tr>
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Any changes to the rating of the security by a rating agency; and</td>
</tr>
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Recoveries or additional declines in fair value subsequent to the balance sheet date.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">To the extent we estimate future expected cash flows, we considered all available information in
developing those expected cash flows. For asset-backed securities such as residential
mortgage-backed securities, commercial mortgage-backed securities, collateralized debt obligations
and other types of asset-backed securities, such information generally included:
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Remaining payment terms of the security (including as applicable, terms that require
underlying obligor payments to increase in the future);</td>
</tr>
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Current delinquencies and nonperforming assets of underlying collateral;</td>
</tr>
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Expected future default rates;</td>
</tr>
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Collateral value by vintage, geographic region, industry concentration or property type;
and</td>
</tr>
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Subordination levels or other credit enhancements.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Cash flow forecasts also considered, as applicable, independent industry analyst reports and
forecasts, sector credit ratings, and other independent market data.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Securities of U.S. Treasury and federal agencies</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The unrealized losses associated with U.S. Treasury and federal agency securities do not have any
credit losses due to the guarantees provided by the United States government.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Securities of U.S. states and political subdivisions</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The unrealized losses associated with securities of U.S. states and political subdivisions are
primarily driven by changes in interest rates and not due to the credit quality of the securities.
These investments are almost exclusively investment grade and were generally underwritten in
accordance with our own investment standards prior to the decision to purchase, without relying on
a bond insurer’s guarantee in making the investment decision. These securities will continue to be
monitored as part of our ongoing impairment analysis, but are expected to perform, even if the
rating agencies reduce the credit rating of the bond insurers. As a result, we expect to recover
the entire amortized cost basis of these securities.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Federal Agency Mortgage-Backed Securities</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The unrealized losses associated with federal agency mortgage-backed securities are primarily
driven by changes in interest rates and not due to credit losses. These securities are issued by
U.S. government or government-sponsored entities and do not have any credit losses given the
explicit or implicit government guarantee.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Residential Mortgage-Backed Securities</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The unrealized losses associated with private residential mortgage-backed securities are primarily
driven by higher projected collateral losses, wider credit spreads and changes in interest rates.
We assess for credit impairment using a cash flow model. The key assumptions include default rates,
severities and prepayment rates. We estimate losses to a security by forecasting the underlying
mortgage loans in each transaction. The forecasted loan performance is used to project cash flows
to the various tranches in the structure. Cash flow forecasts also considered, as applicable,
independent industry analyst reports and forecasts, sector credit ratings, and other independent
market data. Based upon our assessment of the expected credit losses of the security given the
performance of the underlying collateral compared to our credit enhancement, we expect to recover
the entire amortized cost basis of these securities.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Commercial Mortgage-Backed Securities</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The unrealized losses associated with commercial mortgage-backed securities are primarily driven by
higher projected collateral losses and wider credit spreads. These investments are almost
exclusively investment grade. We assess for credit impairment using a cash flow model. The key
assumptions include default rates and severities. We estimate losses to a security by forecasting
the underlying loans in each transaction. The forecasted loan performance is used to project cash
flows to the various tranches in the structure. Cash flow forecasts also considered, as applicable,
independent industry analyst reports and forecasts, sector credit ratings, and other independent
market data. Based upon our assessment of the expected credit losses of the security given the
performance of the underlying collateral compared to our credit enhancement, we expect to recover
the entire amortized cost basis of these securities.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Corporate Debt Securities</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The unrealized losses associated with corporate debt securities are primarily related to securities
backed by commercial loans and individual issuer companies. For securities with commercial loans as
the underlying collateral, we have evaluated the expected credit losses in the security and
concluded that we have sufficient credit enhancement when compared with our estimate of credit
losses for the individual security. For individual issuers, we evaluate the financial performance
of the issuer on a quarterly basis to determine that the issuer can make all contractual principal
and interest payments.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Collateralized Debt Obligations</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The unrealized losses associated with collateralized debt obligations relate to securities
primarily backed by commercial, residential or other consumer collateral. The losses are primarily
driven by higher projected collateral losses, wider credit spreads and changes in interest rates.
We assess for credit impairment using a cash flow model. The key assumptions include default rates,
severities and prepayment rates. Based upon our assessment of the expected credit losses of the
security given the performance of the underlying collateral compared to our credit enhancement, we
expect to recover the entire amortized cost basis of these securities.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Other Debt Securities</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The unrealized losses associated with other debt securities primarily relate to other asset-backed
securities, which are primarily backed by auto, home equity and student loans. The losses are
primarily driven by higher projected collateral losses, wider credit spreads and changes in
interest rates. We assess for credit impairment using a cash flow model. The key assumptions
include default rates, severities and prepayment rates. Based upon our assessment of the expected
credit losses of the security given the performance of the underlying collateral compared to our
credit enhancement, we expect to recover the entire amortized cost basis of these securities.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Marketable Equity Securities</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Our marketable equity securities include investments in perpetual preferred securities, which
provide very attractive tax-equivalent yields and were current as to periodic distributions in
accordance with their respective terms as of June 30, 2009. We evaluated these hybrid financial
instruments with investment-grade ratings for impairment using an evaluation methodology similar to
that used for debt securities. Perpetual preferred securities were not other-than-temporarily
impaired at June 30, 2009, if there was no evidence of credit deterioration or investment rating
downgrades of any issuers to below investment grade, and we expected to continue to receive full
contractual payments. We will continue to evaluate the prospects for these securities for recovery
in their market value in accordance with our policy for estimating OTTI. We have recorded
impairment write-downs on perpetual preferred securities where there was evidence of credit
deterioration.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The fair values of our investment securities could decline in the future if the underlying
performance of the collateral for the residential and commercial mortgage-backed securities or
other securities deteriorate and our credit enhancement levels do not provide sufficient protection
to our contractual principal and interest. As a result, there is a risk that significant OTTI may
occur in the future given the current economic environment.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">The table below shows the gross unrealized losses and fair value of debt and perpetual preferred
securities in the available-for-sale portfolio by those rated investment grade and those rated less
than investment grade, according to their lowest credit rating by Standard & Poor’s Rating Services
(S&P) or Moody’s Investors Service (Moody’s). Credit ratings express opinions about the credit
quality of a security. Securities rated investment grade, that is those rated BBB- or higher by S&P
or Baa3 or higher by Moody’s, are generally considered by the rating agencies and market
participants to be low credit risk. Conversely, securities rated below investment grade, labeled as
“speculative grade” by the rating agencies, are considered to be distinctively higher credit risk
than investment grade securities. We have also included securities not rated by S&P or Moody’s in
the table below based on the internal credit grade of the securities (used for credit risk
management purposes) equivalent to the credit rating assigned by major credit agencies. If an
internal credit grade was not assigned, we categorized the security as non-investment grade.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Investment grade</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Non-investment grade</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Gross</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Gross</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">unrealized</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Fair</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">unrealized</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Fair</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">losses</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">value</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">losses</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">value</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">December 31, 2008
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Securities of U.S. Treasury and federal agencies
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Securities of U.S. states and political subdivisions
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,464</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">5,028</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(56</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">157</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Mortgage-backed securities:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Federal agencies
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">83</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Residential
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4,574</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">10,045</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(143</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">153</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Commercial
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,863</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">6,427</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(15</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">27</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Total mortgage-backed securities
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(8,440</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">16,555</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(158</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">180</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Corporate debt securities
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(36</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">579</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(503</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">946</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Collateralized debt obligations
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(478</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">373</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(92</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">22</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Other
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(549</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">8,612</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(53</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">64</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px">Total debt securities
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(10,967</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">31,147</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(862</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,369</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Perpetual preferred securities
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(311</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">604</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(16</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">21</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:75px; text-indent:-15px">Total
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(11,278</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">31,751</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(878</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,390</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>June 30, 2009</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Securities of U.S. Treasury and federal agencies</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"><b>$</b></td>
<td align="right"><b>(13</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>519</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Securities of U.S. states and political subdivisions</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(670</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>5,856</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(108</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>330</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Mortgage-backed securities:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Federal agencies</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(38</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>6,778</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Residential</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,127</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>10,150</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,894</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>7,665</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Commercial</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,558</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>6,967</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(47</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>136</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px"><b>Total mortgage-backed securities</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(3,723</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>23,895</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,941</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>7,801</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Corporate debt securities</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(88</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>787</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(175</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>973</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Collateralized debt obligations</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(194</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>652</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(335</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>439</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Other</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(66</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>782</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(261</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>646</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px"><b>Total debt securities</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(4,754</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>32,491</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,820</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>10,189</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Perpetual preferred securities</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(259</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>836</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(15</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>105</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:75px; text-indent:-15px"><b>Total</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"><b>$</b></td>
<td align="right"><b>(5,013</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>33,327</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,835</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>10,294</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Realized Gains and Losses</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The following table shows the gross realized gains and losses on the sales of securities from the
securities available-for-sale portfolio, including marketable equity securities. Realized losses
include OTTI write-downs.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended June 30,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Six months ended June 30,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Gross realized gains
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>416</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">76</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>710</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">454</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Gross realized losses
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(348</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(139</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(718</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(227</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Net realized gains (losses)
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>68</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(63</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(8</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">227</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Other-Than-Temporary Impairment</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The following table shows the detail of total OTTI related to debt and equity securities available
for sale, and nonmarketable equity securities.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="9" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">June 30, 2009</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Quarter</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Six months</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">ended</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">ended</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>OTTI write-downs (included in earnings)</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Debt securities
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">308</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">577</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Equity securities:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Securities available for sale
</div></td>
<td> </td>
<td> </td>
<td align="right">27</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">70</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Nonmarketable equity securities
</div></td>
<td> </td>
<td> </td>
<td align="right">128</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">332</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px">Total equity securities
</div></td>
<td> </td>
<td> </td>
<td align="right">155</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">402</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Total OTTI write-downs
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">463</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">979</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>OTTI on debt securities</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Recorded as part of gross realized losses:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Credit-related OTTI
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">307</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">570</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Securities we intend to sell
</div></td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Recorded directly to other comprehensive income
for non-credit-related impairment
</div></td>
<td> </td>
<td> </td>
<td align="right">664</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">998</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:60px; text-indent:-15px">Total OTTI on debt securities
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">972</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,575</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="9" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The following table provides detail of OTTI recognized in earnings for debt and equity
securities available for sale by major security type.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended June 30,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Six months ended June 30,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Debt securities</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">U.S. states and political subdivisions
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>5</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Residential mortgage-backed securities
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>214</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">69</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>392</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">73</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Commercial mortgage-backed securities
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>11</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Corporate debt securities
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>22</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>53</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">31</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Collateralized debt obligations
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>46</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>96</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Other debt securities
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>20</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>20</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Total debt securities
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>308</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">92</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>577</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">108</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Marketable equity securities</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Perpetual preferred securities
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>18</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">33</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>45</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">33</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Other marketable equity securities
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>9</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>25</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">61</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Total marketable equity securities
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>27</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">37</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>70</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">94</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:60px; text-indent:-15px">Total OTTI losses recognized in earnings
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>335</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">129</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>647</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">202</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">Securities that were determined to be credit impaired during the current quarter as opposed to
prior quarters, in general have experienced further degradation in expected cash flows primarily
due to higher loss forecasts and slower prepayment speeds.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Other-Than-Temporarily Impaired Debt Securities</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We recognize OTTI for debt securities classified as available for sale in accordance with FSP FAS
115-2 and FAS 124-2. As required by this FSP, we assess whether we intend to sell or it is more
likely than not that we will be required to sell a security before recovery of its amortized cost
basis less any current-period credit losses. For debt securities that are considered
other-than-temporarily impaired and that we do not intend to sell and will not be required to sell
prior to recovery of our amortized cost basis, we separate the amount of the impairment into the
amount that is credit related (credit loss component) and the amount due to all other factors. The
credit loss component is recognized in earnings and is the difference between the security’s
amortized cost basis and the present value of its expected future cash flows discounted at the
security’s effective yield. The remaining difference between the security’s fair value and the
present value of future expected cash flows is due to factors that
are not credit related and, therefore, is not required to be
recognized as losses in the income statement, and is recognized in other comprehensive income. We believe that we will fully collect the carrying value
of securities on which we have recorded a non-credit-related impairment in other comprehensive
income.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The table below presents a roll-forward of the credit loss component recognized in earnings
(referred to as “credit-impaired” debt securities). The credit loss component of the amortized cost
represents the difference between the present value of expected future cash flows and the amortized
cost basis of the security prior to considering credit losses. The beginning balance represents the
credit loss component for debt securities for which OTTI occurred prior to January 1, 2009. OTTI
recognized in earnings in the first half of 2009 for credit-impaired debt securities is presented
as additions in two components based upon whether the current period is the first time the debt
security was credit-impaired (initial credit impairment) or is not the first time the debt security
was credit impaired (subsequent credit impairments). The credit loss component is reduced if we
sell, intend to sell or believe we will be required to sell previously credit-impaired debt
securities. Additionally, the credit loss component is reduced if we receive or expect to receive
cash flows in excess of what we previously expected to receive over the remaining life of the
credit-impaired debt security, the security matures or is fully written down. Changes in the credit
loss component of credit-impaired debt securities were:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Quarter ended</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Six months ended</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">June 30, 2009</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">June 30, 2009</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Balance, beginning of period</b>
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">727</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">471</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Additions (1):
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Initial credit impairments
</div></td>
<td> </td>
<td> </td>
<td align="right">216</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">413</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Subsequent credit impairments
</div></td>
<td> </td>
<td> </td>
<td align="right">91</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">157</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Reductions:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">For securities sold
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(16</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(23</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Due to change in intent to sell or requirement to sell
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">For increases in expected cash flows
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Balance, end of period</b>
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1,012</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,012</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="9" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Excludes $1 million and $7 million for the quarter and six months ended June 30, 2009, respectively, of OTTI on debt securities we intend to sell.</td>
</tr>
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">For asset-backed securities (e.g., residential mortgage-backed securities), we estimated
expected future cash flows of the security by estimating the expected future cash flows of the
underlying collateral and applying those collateral cash flows, together with any credit
enhancements such as subordination interests owned by third parties, to the security. The expected
future cash flows of the underlying collateral are determined using the remaining contractual cash
flows adjusted for future expected credit losses (which considers current delinquencies and
nonperforming assets, future expected default rates and collateral value by vintage and geographic
region) and prepayments. The expected cash flows of the security are then discounted at the
interest rate used to recognize interest income on the security to arrive at a present value
amount. The table below presents a summary of the significant inputs considered in determining the
measurement of the credit loss component recognized in earnings for residential mortgage-backed
securities at June 30, 2009.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="9" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Residential MBS</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Quarter ended</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Six months ended</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">June 30, 2009</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">June 30, 2009</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Expected remaining life of loan losses (1):
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Range (2)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td nowrap="nowrap" align="right">0 to 57.66</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">0 to 57.66</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Weighted average (3)
</div></td>
<td> </td>
<td> </td>
<td align="right">9.95</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10.35</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Current subordination levels (4):
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Range (2)
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">0 to 18.99</td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">0 to 19.68</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Weighted average (3)
</div></td>
<td> </td>
<td> </td>
<td align="right">7.66</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7.49</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Prepayment speed (annual CPR (5)):
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Range (2)
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">5.42 to 18.25</td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">5.42 to 24.64</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Weighted average (3)
</div></td>
<td> </td>
<td> </td>
<td align="right">10.18</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11.47</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="9" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left">
<div style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000"> 
</div>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Represents future expected credit losses on underlying pool of loans expressed as a percentage of total current outstanding loan balance.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Represents the range of inputs/assumptions based upon the individual securities within each category.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(3)</td>
<td> </td>
<td>Calculated by weighting the relevant input/assumption for each individual security by current outstanding amortized cost basis of the security.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(4)<br /><br />
<br style="font-size: 3pt" />(5)</td>
<td> </td>
<td>Represents current level of credit protection (subordination) for the securities, expressed as a percentage of total current underlying loan balance. <br />
<br style="font-size: 3pt" />Constant prepayment rate.</td>
</tr>
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Contractual Maturities</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The following table shows the remaining contractual principal maturities and contractual yields of
debt securities available for sale. The remaining contractual principal maturities for
mortgage-backed securities were determined assuming no prepayments. Remaining expected maturities
will differ from contractual maturities because borrowers may have the right to prepay obligations
before the underlying mortgages mature.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="41" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="20%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="30" style="border-bottom: 1px solid #000000">Remaining contractual principal maturity</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Weighted-</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6">After one year</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6">After five years</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Total</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">average</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Within one year</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">through five years</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">through ten years</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">After ten years</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">amount</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">yield</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Amount</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Yield</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Amount</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Yield</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Amount</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Yield</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Amount</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Yield</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="41" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">December 31, 2008
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Securities of U.S. Treasury and
federal agencies
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">3,249</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">1.54</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td align="left">$</td>
<td align="right">1,719</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">0.02</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td align="left">$</td>
<td align="right">1,127</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">3.15</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td align="left">$</td>
<td align="right">388</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">3.40</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td align="left">$</td>
<td align="right">15</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">4.79</td>
<td nowrap="nowrap">%</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Securities of U.S. states and
political subdivisions
</div></td>
<td> </td>
<td> </td>
<td align="right">12,658</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7.54</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">210</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5.54</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">784</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7.36</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,163</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7.39</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10,501</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7.61</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Mortgage-backed securities:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Federal agencies
</div></td>
<td> </td>
<td> </td>
<td align="right">66,434</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5.73</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">42</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4.23</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">122</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4.98</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">353</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6.02</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">65,917</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5.73</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Residential
</div></td>
<td> </td>
<td> </td>
<td align="right">24,830</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6.73</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">34</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8.15</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">24,796</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6.73</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Commercial
</div></td>
<td> </td>
<td> </td>
<td align="right">8,478</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7.95</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1.57</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">135</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8.64</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,338</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7.94</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td nowrap="nowrap" colspan="4" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Total mortgage-backed
securities
</div></td>
<td> </td>
<td> </td>
<td align="right">99,742</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6.17</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">42</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4.23</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">127</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4.87</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">522</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6.83</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">99,051</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6.17</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td nowrap="nowrap" colspan="4" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Corporate debt securities
</div></td>
<td> </td>
<td> </td>
<td align="right">6,924</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5.81</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">432</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5.49</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,697</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4.76</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,212</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7.48</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">583</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6.31</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Collateralized debt obligations
</div></td>
<td> </td>
<td> </td>
<td align="right">2,085</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4.52</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">120</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7.83</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">809</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3.65</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,156</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4.77</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Other
</div></td>
<td> </td>
<td> </td>
<td align="right">20,775</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5.17</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">43</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3.82</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,057</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7.41</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,346</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4.86</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,329</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3.61</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td nowrap="nowrap" colspan="4" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px">Total debt securities at
fair value (1)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">145,433</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">6.00</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td align="left">$</td>
<td align="right">2,446</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">1.60</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td align="left">$</td>
<td align="right">13,912</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">6.34</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td align="left">$</td>
<td align="right">6,440</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">6.14</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td align="left">$</td>
<td align="right">122,635</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">6.04</td>
<td nowrap="nowrap">%</td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="41" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>June 30, 2009</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Securities of U.S. Treasury and
federal agencies</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>2,517</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>1.83</b></td>
<td nowrap="nowrap">%</td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>560</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>0.34</b></td>
<td nowrap="nowrap">%</td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>751</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>3.12</b></td>
<td nowrap="nowrap">%</td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1,187</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>1.66</b></td>
<td nowrap="nowrap"><b>%</b></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>19</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>5.53</b></td>
<td nowrap="nowrap"><b>%</b></td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Securities of U.S. states and
political subdivisions</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>12,378</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6.86</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>81</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>9.02</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>633</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7.02</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,095</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6.88</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>10,569</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6.83</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Mortgage-backed securities:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Federal agencies</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>114,844</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.31</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>20</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4.59</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>73</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.72</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>313</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.62</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>114,438</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.31</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Residential</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>32,524</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.82</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>15</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4.83</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>125</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>0.57</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>127</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.79</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>32,257</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.84</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Commercial</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>10,223</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6.85</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>80</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1.19</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>72</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.20</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>201</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6.43</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>9,870</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6.92</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td nowrap="nowrap" colspan="4" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px"><b>Total mortgage-backed
securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>157,591</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.51</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>115</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2.27</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>270</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3.20</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>641</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.91</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>156,565</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.52</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td nowrap="nowrap" colspan="4" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Corporate debt securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>8,813</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.17</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>763</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4.95</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,777</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4.77</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,863</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.94</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>410</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4.85</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Collateralized debt obligations</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,748</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2.34</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>97</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4.98</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,185</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2.99</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,466</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1.64</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Other</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>16,839</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3.83</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>103</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4.03</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>9,769</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.26</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,075</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3.64</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,892</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1.50</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td nowrap="nowrap" colspan="4" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px"><b>Total debt securities at
fair value </b>(1)
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>200,886</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>5.35</b></td>
<td nowrap="nowrap">%</td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1,622</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>3.32</b></td>
<td nowrap="nowrap">%</td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>16,297</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>5.05</b></td>
<td nowrap="nowrap">%</td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>8,046</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>4.69</b></td>
<td nowrap="nowrap"><b>%</b></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>174,921</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>5.43</b></td>
<td nowrap="nowrap"><b>%</b></td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="41" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>The weighted-average yield is computed using the contractual life amortization method.</td>
</tr>
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
</div>
</div>
</body>
</html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<html>
<head></head>
<body>
<!-- Begin Block Tagged Note 5 - us-gaap:LoansNotesTradeAndOtherReceivablesDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>5. LOANS AND ALLOWANCE FOR CREDIT LOSSES</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The major categories of loans outstanding showing those subject to SOP 03-3 are presented in the
following table. Certain loans acquired in the Wachovia acquisition are subject to SOP 03-3. These
include loans where it is probable that we will not collect all contractual principal and interest.
Loans within the scope of SOP 03-3 are initially recorded at fair value, and no allowance is
carried over or initially recorded. Outstanding balances of all other loans are presented net of
unearned income, net deferred loan fees, and unamortized discount and premium totaling
$16,535 million at June 30, 2009, and $16,891 million, at December 31, 2008.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="25" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="28%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #000000"><b>June 30, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #000000">Dec. 31, 2008</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>All</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">All</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>SOP 03-3</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>other</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">SOP 03-3</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">other</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>loans</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>loans</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Total</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">loans</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">loans</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Total</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td nowrap="nowrap">
<div style="margin-left:15px; text-indent:-15px">Commercial and commercial real estate:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Commercial
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>2,667</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>179,370</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>182,037</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,580</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">197,889</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">202,469</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Other real estate mortgage
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>5,826</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>97,828</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>103,654</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,762</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">95,346</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">103,108</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Real estate construction
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>4,295</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>28,943</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>33,238</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,503</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">30,173</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">34,676</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Lease financing
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>14,555</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>14,555</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15,829</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15,829</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Total commercial and commercial real estate
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>12,788</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>320,696</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>333,484</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16,845</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">339,237</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">356,082</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Consumer:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Real estate 1-4 family first mortgage
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>40,471</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>196,818</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>237,289</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">39,214</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">208,680</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">247,894</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Real estate 1-4 family junior lien mortgage
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>398</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>106,626</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>107,024</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">728</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">109,436</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">110,164</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Credit card
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>23,069</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>23,069</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">23,555</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">23,555</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td nowrap="nowrap">
<div style="margin-left:30px; text-indent:-15px">Other revolving credit and installment
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>90,654</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>90,654</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">151</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">93,102</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">93,253</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Total consumer
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>40,869</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>417,167</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>458,036</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">40,093</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">434,773</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">474,866</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Foreign
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,554</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>28,540</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>30,094</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,859</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">32,023</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">33,882</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px">Total loans
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>55,211</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>766,403</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>821,614</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">58,797</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">806,033</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">864,830</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="25" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We consider a loan to be impaired under FAS 114, <i>Accounting by Creditors for Impairment of a
Loan – an amendment of FASB Statement No. 5 and 15</i>, when, based on current information and events,
we determine that we will not be able to collect all amounts due according to the loan contract,
including scheduled interest payments. We assess and account for as impaired certain nonaccrual
commercial and commercial real estate loans that are over $5 million and certain consumer,
commercial and commercial real estate loans whose terms have been modified in a troubled debt
restructuring. The recorded investment in impaired loans and the methodology used to measure
impairment was:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="9" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Dec. 31,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Impairment measurement based on:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Collateral value method
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>247</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">88</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Discounted cash flow method (1)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>9,864</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,552</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Total (2)
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>10,111</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,640</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="9" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>The June 30, 2009, balance includes $446 million of Government National Mortgage
Association (GNMA) loans that are insured by the Federal Housing Administration (FHA) or guaranteed
by the Department of Veterans Affairs. Although both principal and interest are insured, the
insured interest rate may be different than the original contractual interest rate prior to
modification, resulting in interest impairment under a discounted cash flow methodology.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Includes $9,746 million and $3,468 million of impaired loans with a related allowance of $2,045
million and $816 million at June 30, 2009, and December 31, 2008, respectively. The remaining
impaired loans do not have a related allowance.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The average recorded investment in impaired loans was $8,465 million in second quarter 2009
and $2,944 million in fourth quarter 2008. In the first half of 2009, the average recorded
investment was $7,199 million.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">The allowance for credit losses consists of the allowance for loan losses and the reserve for
unfunded credit commitments. Changes in the allowance for credit losses were:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended June 30,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Six months ended June 30,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Balance, beginning of period</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>22,846</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,013</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>21,711</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,518</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Provision for credit losses
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>5,086</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,012</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>9,644</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,040</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Loan charge-offs:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Commercial and commercial real estate:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Commercial
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(755</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(333</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,351</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(592</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Other real estate mortgage
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(152</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(6</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(183</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(10</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Real estate construction
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(236</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(28</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(341</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(57</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Lease financing
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(65</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(13</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(85</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(25</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:60px; text-indent:-15px">Total commercial and commercial real estate
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,208</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(380</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,960</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(684</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Consumer:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Real estate 1-4 family first mortgage
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(790</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(103</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,214</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(184</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Real estate 1-4 family junior lien mortgage
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,215</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(352</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,088</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(807</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Credit card
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(712</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(369</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,334</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(682</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Other revolving credit and installment
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(802</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(488</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,702</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,031</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:60px; text-indent:-15px">Total consumer
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(3,519</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,312</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(6,338</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,704</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Foreign
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(56</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(58</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(110</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(126</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:75px; text-indent:-15px">Total loan charge-offs
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(4,783</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,750</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(8,408</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,514</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Loan recoveries:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Commercial and commercial real estate:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Commercial
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>51</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">32</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>91</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">63</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Other real estate mortgage
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>6</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>16</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Real estate construction
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>4</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Lease financing
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>4</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px">Total commercial and commercial real estate
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>65</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">38</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>120</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">74</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Consumer:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Real estate 1-4 family first mortgage
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>32</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>65</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Real estate 1-4 family junior lien mortgage
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>44</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">18</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>70</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">35</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Credit card
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>48</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">40</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>88</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">78</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Other revolving credit and installment
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>198</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">121</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>402</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">246</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px">Total consumer
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>322</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">186</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>625</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">372</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Foreign
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>10</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>19</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">28</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:75px; text-indent:-15px">Total loan recoveries
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>397</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">238</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>764</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">474</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:90px; text-indent:-15px">Net loan charge-offs (1)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(4,386</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,512</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(7,644</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,040</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Allowances related to business combinations/other
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(16</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(181</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Balance, end of period</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>23,530</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,517</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>23,530</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,517</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Components:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Allowance for loan losses
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>23,035</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,375</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>23,035</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,375</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Reserve for unfunded credit commitments
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>495</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">142</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>495</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">142</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Allowance for credit losses
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>23,530</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,517</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>23,530</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,517</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td nowrap="nowrap">
<div style="margin-left:15px; text-indent:-15px">Net loan charge-offs (annualized) as a percentage of average
total loans (1)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>2.11</b></td>
<td nowrap="nowrap"><b>%</b></td>
<td> </td>
<td> </td>
<td align="right">1.55</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1.82</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1.58</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Allowance for loan losses as a percentage of total loans (2)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2.80</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1.85</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2.80</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1.85</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Allowance for credit losses as a percentage of total loans (2)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2.86</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1.88</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2.86</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1.88</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>For loans accounted for under SOP 03-3, charge-offs are only recorded to the extend that
losses exceed the purchase accounting estimates.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>The allowance for loan losses and the allowance for credit losses include $49 million for the
quarter ended June 30, 2009, and none for prior periods related to loans acquired from Wachovia
that are accounted for under SOP 03-3. Loans acquired from Wachovia are included in total loans net
of related purchase accounting net write-downs.</td>
</tr>
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>SOP 03-3</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">At June 30, 2009, and December 31, 2008, loans within the scope of SOP 03-3 had an unpaid principal
balance of $87.5 billion and $96.2 billion, respectively, and a carrying value of $55.2 billion and
$59.2 billion, respectively. The following table provides details on the SOP 03-3 loans acquired
from Wachovia.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="5" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="88%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Dec. 31, 2008</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">(refined)</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="5" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Contractually required payments including interest
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">114,935</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Nonaccretable difference (1)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(45,242</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="5" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Cash flows expected to be collected (2)
</div></td>
<td> </td>
<td> </td>
<td align="right">69,693</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Accretable yield
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(10,492</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="5" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Fair value of loans acquired
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">59,201</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="5" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Includes $40.9 billion in principal cash flows not expected to be collected, $2.0 billion
of pre-acquisition charge-offs and $2.3 billion of future interest not expected to be collected.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Represents undiscounted expected principal and interest cash flows.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The change in the accretable yield related to SOP 03-3 loans is presented in the following
table.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="9" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Quarter ended</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Six months ended</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">June 30, 2009</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">June 30, 2009</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Balance, beginning of period (refined)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(9,927</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(10,492</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Reclassified from nonaccretable difference
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(20</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(20</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Accretion
</div></td>
<td> </td>
<td> </td>
<td align="right">495</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,060</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Balance, end of period
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(9,452</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(9,452</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="9" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">In second quarter 2009, we recorded $152 million of provision for credit losses for
deterioration in Wachovia’s SOP 03-3 loans that occurred subsequent to the acquisition on December
31, 2008. This included net charge-offs of $103 million and an addition to the allowance for loan
losses at June 30, 2009, of $49 million. The provision for credit losses for SOP 03-3 loans in
first quarter 2009, was $19 million and there was no related allowance for loan losses at March 31,
2009.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
</div>
</div>
</body>
</html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<html>
<head></head>
<body>
<!-- Begin Block Tagged Note 6 - wfc:OtherAssetsTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>6. OTHER ASSETS</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The components of other assets were:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="9" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Dec. 31,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Nonmarketable equity investments:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Cost method:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Private equity investments
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>2,781</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,040</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Federal bank stock
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>5,997</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,106</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:60px; text-indent:-15px">Total cost method
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>8,778</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,146</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Equity method
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>6,029</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,358</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Principal investments (1)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,250</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,278</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:75px; text-indent:-15px">Total nonmarketable equity investments (2)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>16,057</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16,782</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Operating lease assets
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,690</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,251</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Accounts receivable
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>16,181</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">22,493</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest receivable
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>5,378</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,746</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Core deposit intangibles
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>11,494</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,999</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Customer relationship and other intangibles
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,591</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,516</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Foreclosed assets:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">GNMA loans (3)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>932</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">667</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Other
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,592</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,526</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Due from customers on acceptances
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>615</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">615</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>44,485</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">44,206</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:90px; text-indent:-15px">Total other assets
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>102,015</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">109,801</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="9" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Principal investments are recorded at fair value with realized and unrealized gains
(losses) included in net gains (losses) from equity investments in the income statement.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Certain amounts in the above table have been reclassified to conform to the current
presentation.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(3)</td>
<td> </td>
<td>Consistent with regulatory reporting requirements, foreclosed assets include foreclosed real
estate securing GNMA loans. Both principal and interest for GNMA loans secured by the foreclosed
real estate are collectible because the GNMA loans are insured by the Federal Housing
Administration or guaranteed by the Department of Veterans Affairs.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Income related to nonmarketable equity investments was:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended June 30,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Six months ended June 30,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Net gains (losses) from private equity investments (1)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"><b>$</b></td>
<td align="right"><b>(71</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">18</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(291</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">364</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Net losses from principal investments
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(7</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(15</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Net gains (losses) from all other nonmarketable equity investments
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(94</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">48</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(143</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">9</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Net gains (losses) from nonmarketable equity investments
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"><b>$</b></td>
<td align="right"><b>(172</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">66</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(449</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">373</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Net gains in 2008 include $334 million gain from our ownership in Visa, which completed its
initial public offering in March 2008.</td>
</tr>
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
</div>
</div>
</body>
</html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<html>
<head></head>
<body>
<!-- Begin Block Tagged Note 7 - wfc:SecuritizationsAndVariableInterestEntitiesTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>7. SECURITIZATIONS AND VARIABLE INTEREST ENTITIES</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Involvement with SPEs</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We enter into various types of on- and off-balance sheet transactions with special purpose entities
(SPEs) in the normal course of business. SPEs are corporations, trusts or partnerships that are
established for a limited purpose. We use SPEs to create sources of financing, liquidity and
regulatory capital capacity for the Company, as well as sources of financing and liquidity, and
investment products for our clients. Our use of SPEs generally consists of various securitization
activities with SPEs whereby financial assets are transferred to an SPE and repackaged as
securities or similar interests that are sold to investors. In connection with our securitization
activities, we have various forms of ongoing involvement with SPEs, which may include:
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="1%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>underwriting securities issued by SPEs and subsequently making markets in those securities;</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="1%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>providing liquidity facilities to support short-term obligations of SPEs issued to third
party investors;</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="1%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>providing credit enhancement on securities issued by SPEs or market value guarantees of
assets held by SPEs through the use of letters of credit, financial guarantees, credit default
swaps and total return swaps;</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="1%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>entering into other derivative contracts with SPEs;</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="1%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>holding senior or subordinated interests in SPEs;</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="1%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>acting as servicer or investment manager for SPEs; and</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="1%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>providing administrative or trustee services to SPEs.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The SPEs we use are primarily either qualifying SPEs (QSPEs), which are not consolidated if the
criteria described below are met, or variable interest entities (VIEs). To qualify as a QSPE, an
entity must be passive and must adhere to significant limitations on the types of assets and
derivative instruments it may own and the extent of activities and decision making in which it may
engage. For example, a QSPE’s activities are generally limited to purchasing assets, passing along
the cash flows of those assets to its investors, servicing its assets and, in certain transactions,
issuing liabilities. Among other restrictions on a QSPE’s activities, a QSPE may not actively
manage its assets through discretionary sales or modifications.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">A VIE is an entity that has either a total equity investment that is insufficient to permit the
entity to finance its activities without additional subordinated financial support or whose equity
investors lack the characteristics of a controlling financial interest. A VIE is consolidated by
its primary beneficiary, which, under current accounting standards, is the entity that, through its
variable interests, absorbs the majority of a VIE’s variability. A variable interest is a
contractual, ownership or other interest that changes with changes in the fair value of the VIE’s
net assets.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">The classifications of assets and liabilities in our balance sheet associated with our transactions
with QSPEs and VIEs follow:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="21" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="40%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Transfers that</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">VIEs that we</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">VIEs</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">we account</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">do not</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">that we</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">for as secured</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">QSPEs</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">consolidate (1)</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">consolidate</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">borrowings</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Total</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">December 31, 2008
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Cash
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">117</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">287</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">404</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Trading account assets
</div></td>
<td> </td>
<td> </td>
<td align="right">1,261</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,241</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">71</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">141</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,714</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Securities (2)
</div></td>
<td> </td>
<td> </td>
<td align="right">18,078</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15,168</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">922</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,094</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">40,262</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Mortgages held for sale
</div></td>
<td> </td>
<td> </td>
<td align="right">56</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">56</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Loans (3)
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16,882</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">217</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,126</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">21,225</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">MSRs
</div></td>
<td> </td>
<td> </td>
<td align="right">14,106</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14,106</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other assets
</div></td>
<td> </td>
<td> </td>
<td align="right">345</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,022</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,416</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">55</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,838</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Total assets
</div></td>
<td> </td>
<td> </td>
<td align="right">33,846</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">42,313</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,743</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10,703</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">90,605</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Short-term borrowings
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">307</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,440</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,747</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Accrued expenses and other liabilities
</div></td>
<td> </td>
<td> </td>
<td align="right">528</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,976</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">330</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">26</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,860</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Long term debt
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,773</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,125</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,898</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Noncontrolling interests
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">121</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">121</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Total liabilities and noncontrolling interests
</div></td>
<td> </td>
<td> </td>
<td align="right">528</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,976</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,531</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,591</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13,626</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Net assets
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">33,318</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">40,337</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,212</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,112</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">76,979</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>June 30, 2009</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Cash</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>157</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>241</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>398</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Trading account assets</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,868</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,360</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>68</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>89</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7,385</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Securities </b>(2)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>20,113</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>15,222</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,558</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6,113</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>43,006</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Mortgages held for sale</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Loans </b>(3)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>16,834</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>320</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,224</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>20,378</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>MSRs</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>15,932</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>10</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>15,942</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Other assets</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>268</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,962</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,573</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>52</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>8,855</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Total assets</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>38,181</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>43,388</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,676</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>9,719</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>95,964</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Short-term borrowings</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>296</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,278</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,574</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Accrued expenses and other liabilities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,005</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,972</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>609</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,944</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>8,530</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Long term debt</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,877</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,852</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,729</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Noncontrolling interests</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>122</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>122</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Total liabilities and noncontrolling interests</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,005</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,972</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,904</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>9,074</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>15,955</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Net assets</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>37,176</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>40,416</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,772</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>645</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>80,009</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="21" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Reverse repurchase agreements of $769 million are included in other assets at June 30, 2009. These instruments were included in loans at December 31, 2008, in the amount of $349 million.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Excludes certain debt securities related to loans serviced for the Federal National
Mortgage Association (FNMA), Federal Home Loan Mortgage Corporation (FHLMC) and Government National
Mortgage Association (GNMA).</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(3)</td>
<td> </td>
<td>Excludes related allowance for loan losses.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The following disclosures regarding our significant continuing involvement with QSPEs and
unconsolidated VIEs exclude entities where our only involvement is in the form of: (1) investments
in trading securities, (2) investments in securities or loans underwritten by third parties, (3)
certain derivatives such as interest rate swaps or cross currency swaps that have customary terms,
and (4) administrative or trustee services. We determined these forms of involvement to be
insignificant due to the temporary nature and size as well as our lack of involvement in the design
or operations of VIEs or QSPEs.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Transactions with QSPEs</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We use QSPEs to securitize consumer and commercial real estate loans and other types of financial
assets, including student loans, auto loans and municipal bonds. We typically retain the servicing
rights from these sales and may continue to hold other beneficial interests in QSPEs. We may also
provide liquidity to investors in the beneficial interests and credit enhancements in the form of
standby letters of credit. Through these securitizations we may be exposed to liability under
limited amounts of recourse as
well as standard representations and warranties we make to
purchasers and issuers. The amount recorded for this liability is included in other commitments and
guarantees in the following table.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">A summary of our involvements with QSPEs follows:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="25" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="28%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Other</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Total</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Debt and</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">commitments</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">QSPE</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">equity</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Servicing</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">and</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Net</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #000000">assets (1)</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #000000">interests (2)</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #000000">assets</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #000000">Derivatives</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #000000">guarantees</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #000000">assets</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000">December 31, 2008</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="18"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="18">Carrying value — asset (liability)</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="19" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #eeeeee">
<td nowrap="nowrap">
<div style="margin-left:15px; text-indent:-15px">Residential mortgage loan securitizations:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Conforming
(3)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1,008,824</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10,207</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,715</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">150</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">22,072</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Other/nonconforming
</div></td>
<td> </td>
<td> </td>
<td align="right">135,951</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,262</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,236</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">30</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(661</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">7,867</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Commercial
mortgage securitizations
</div></td>
<td> </td>
<td> </td>
<td align="right">355,267</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,452</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,098</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">524</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(14</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,060</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Auto loan securitizations
</div></td>
<td> </td>
<td> </td>
<td align="right">4,133</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">72</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">43</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">115</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Student loan securitizations
</div></td>
<td> </td>
<td> </td>
<td align="right">2,765</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">76</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">57</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">133</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Other
</div></td>
<td> </td>
<td> </td>
<td align="right">11,877</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">74</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">71</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Total
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1,518,817</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19,143</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14,106</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">594</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(525</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">33,318</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="19" align="right">Maximum exposure to loss</td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="19" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Residential
mortgage loan securitizations:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Conforming (3)
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">10,207</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,715</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">647</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">22,569</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Other/nonconforming
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,262</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,236</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">300</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">71</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,869</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Commercial mortgage securitizations
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,452</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,098</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">524</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,302</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,376</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Auto loan securitizations
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">72</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">43</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">115</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Student loan securitizations
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">76</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">57</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">133</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">74</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,465</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">37</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,576</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Total
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">19,143</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14,106</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,332</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,057</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">39,638</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>June 30, 2009</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="19" align="right"><b>Carrying value — asset (liability)</b></td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="19" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td nowrap="nowrap">
<div style="margin-left:15px; text-indent:-15px"><b>Residential
mortgage loan securitizations:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Conforming (3)</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1,072,883</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>11,263</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>12,921</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(671</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>23,513</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Other/nonconforming</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>296,104</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>8,501</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,054</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>19</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(60</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>10,514</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Commercial mortgage securitizations</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>417,345</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,569</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>903</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>335</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(19</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>2,788</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Auto loan securitizations</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>3,236</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>105</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>30</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>135</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Student loan securitizations</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,719</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>161</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>54</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>215</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Other</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>9,488</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>11</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>11</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Total</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1,801,775</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>21,610</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>15,932</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>384</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(750</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>37,176</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="19" align="right"><b>Maximum exposure to loss</b></td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="19" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Residential
mortgage loan securitizations:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Conforming (3)</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>11,263</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>12,921</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,536</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>25,720</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Other/nonconforming</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>8,501</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,054</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>254</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>60</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>10,869</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Commercial mortgage securitizations</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,569</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>903</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>585</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,132</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6,189</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Auto loan securitizations</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>105</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>30</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>135</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Student loan securitizations</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>161</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>54</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>215</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Other</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>11</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>37</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>48</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Total</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>21,610</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>15,932</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>869</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,765</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>43,176</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="25" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Represents the remaining principal balance of assets held by QSPEs
using the most current information available.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Excludes certain debt securities held related to loans serviced for FNMA,
FHLMC and GNMA.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(3)</td>
<td> </td>
<td>Conforming residential mortgage loan securitizations are those that are guaranteed by
government-sponsored entities.</td>
</tr>
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">“Maximum exposure to loss” represents the carrying value of our involvement with off-balance
sheet QSPEs plus remaining undrawn liquidity and lending commitments, notional amount of net
written derivative contracts, and notional amount of other commitments and guarantees. Maximum
exposure to loss is a required disclosure under GAAP and represents the estimated loss that would
be incurred under an assumed hypothetical circumstance, despite what
we believe is its extremely remote possibility,
where the value of our interests and any associated collateral declines to zero, without any
consideration of recovery or offset from any economic hedges. Accordingly, this required disclosure
is not an indication of expected loss.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We recognized net losses of $1 million and $5 million from sales of financial assets in
securitizations in the second quarter and first half of 2009, respectively. Additionally, we had
the following cash flows with our securitization trusts.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended June 30, 2009</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Six months ended June 30, 2009</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Other</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Other</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Mortgage</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">financial</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Mortgage</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">financial</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">loans</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">assets</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">loans</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">assets</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Sales proceeds from securitizations (1)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">120,167</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">201,345</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Servicing fees
</div></td>
<td> </td>
<td> </td>
<td align="right">1,084</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,084</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">23</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Other interests held
</div></td>
<td> </td>
<td> </td>
<td align="right">668</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">37</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,163</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">116</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Purchases of delinquent assets
</div></td>
<td> </td>
<td> </td>
<td align="right">11</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">24</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Net servicing advances
</div></td>
<td> </td>
<td> </td>
<td align="right">67</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">129</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 0px solid #000000"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Represents cash flow data for all loans securitized in the periods presented.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">For securitizations completed in second quarter 2009, we used the following assumptions to
determine the fair value of mortgage servicing rights at the date of securitization: a prepayment
speed (annual constant prepayment rate) of 10.4%, life of 6.8 years and a discount rate of 8.8%.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 6pt">Key economic assumptions and the sensitivity of the current fair value to immediate adverse changes
in those assumptions at June 30, 2009, for residential and commercial mortgage servicing rights,
and other interests held related primarily to residential mortgage loan securitizations are presented in the
following table.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="11" style="border-bottom: 1px solid #000000">Other interests held (1)</td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Mortgage</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Interest-</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">servicing</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">only</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Subordinated</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Senior</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">rights</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">strips</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">bonds (2)</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">bonds (3)</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value of interests held
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">17,001</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">510</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">604</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,251</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Expected weighted-average life (in years)
</div></td>
<td> </td>
<td> </td>
<td align="right">5.4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3.5</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4.7</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7.6</td>
<td> </td>
</tr>
<tr valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Prepayment speed assumption (annual CPR)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">18.1</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td align="right">9.0</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8.1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10.2</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Decrease in fair value from:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">10% adverse change
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">763</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">74</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">25% adverse change
</div></td>
<td> </td>
<td> </td>
<td align="right">1,786</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">35</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">194</td>
<td> </td>
</tr>
<tr valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Discount rate assumption
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">8.6</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td align="right">10.1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">18.3</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10.4</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">MSRs and other interests held<br />
Decrease in fair value from:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px">100 basis point increase
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">745</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">194</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px">200 basis point increase
</div></td>
<td> </td>
<td> </td>
<td align="right">1,426</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">26</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">38</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">372</td>
<td> </td>
</tr>
<tr valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Credit loss assumption
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4.9</td>
<td>%</td>
<td> </td>
<td> </td>
<td align="right">3.9</td>
<td> </td>
</tr>
<tr valign="bottom" style="margin-left:30px; text-indent:15px">
<td>Decrease in fair value from:</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">10% higher losses
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">27</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">25% higher losses
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">48</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">38</td>
<td> </td>
</tr>
<tr style="font-size: 4px">
<td colspan="17" align="left" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Excludes securities retained in securitizations issued through government-sponsored entities (GSEs) such as FNMA, FHLMC and GNMA because we do not believe the value
of these securities would be materially affected by the adverse changes in assumptions noted in the table. These GSE securities and other interests held presented in this table
are included in debt and equity interests in our disclosure of our involvements with QSPEs shown on page 84.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Subordinated interests include only those bonds whose credit rating was below AAA by a major rating agency at issuance.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(3)</td>
<td> </td>
<td>Senior interests include only those bonds whose credit rating was AAA by a major rating agency at issuance.</td>
</tr>
</table>
<div align="left" style="font-size: 12pt; margin-top: 6pt">The sensitivities in the table above are hypothetical and caution should be exercised when relying
on this data. Changes in fair value based on variations in assumptions generally cannot be
extrapolated because the relationship of the change in the assumption to the change in fair value
may not be linear. Also, the effect of a variation in a particular assumption on the fair value of
the other interests held is calculated independently without changing any other assumptions. In
reality, changes in one factor may result in changes in others (for example, changes in prepayment
speed estimates could result in changes in the discount rates), which might magnify or counteract
the sensitivities.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">The table below presents information about the principal balances of owned and securitized loans.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="21" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="40%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Net charge-offs</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Total loans (1)</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Delinquent loans (2) (3)</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000">(recoveries) (3)</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Dec. 31,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Dec. 31,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Six months ended</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">June 30, 2009</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Commercial and commercial real estate:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Commercial
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>183,368</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">204,113</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,327</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,471</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,260</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Other real estate mortgage
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>310,645</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">310,480</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,827</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,058</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">176</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Real estate construction
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>33,238</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">34,676</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,070</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,221</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">335</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Lease financing
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>14,555</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15,829</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>130</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">92</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">78</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Total commercial and commercial real estate
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>541,806</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">565,098</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>11,354</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,842</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,849</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Consumer:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Real estate 1-4 family first mortgage
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,230,256</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,165,456</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>13,403</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,849</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,648</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Real estate 1-4 family junior lien mortgage
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>112,015</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">115,308</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,354</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,421</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,069</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Credit card
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>23,069</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">23,555</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>680</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">687</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,246</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Other revolving credit and installment
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>100,782</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">104,886</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,574</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,427</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,366</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Total consumer
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,466,122</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,409,205</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>18,011</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10,384</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,329</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Foreign
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>30,094</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">33,882</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>258</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">91</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">91</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px">Total loans owned and securitized
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,038,022</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,008,185</td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>29,623</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14,317</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,269</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Less:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Securitized loans
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,169,004</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,117,039</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Mortgages held for sale
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>41,991</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">20,088</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Loans held for sale
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>5,413</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,228</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:75px; text-indent:-15px">Total loans held
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>821,614</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">864,830</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="21" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Represents loans in the balance sheet or that have been securitized and includes
residential mortgages sold to FNMA, FHLMC and GNMA and securitizations where servicing is our only
form of continuing involvement.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Delinquent loans are 90 days or more past due and still accruing interest as well as nonaccrual
loans.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(3)</td>
<td> </td>
<td>Delinquent loans and net charge-offs exclude loans sold to FNMA, FHLMC and GNMA. We continue to
service the loans and would only experience a loss if required to repurchase a delinquent loan due
to a breach in original representations and warranties associated with our underwriting standards.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Transactions with VIEs</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Our transactions with VIEs include securitization, investment and financing activities involving
collateralized debt obligations (CDOs) backed by asset-backed and commercial real estate
securities, collateralized loan obligations (CLOs) backed by corporate loans or bonds, and other
types of structured financing. We have various forms of involvement with VIEs, including holding
senior or subordinated interests, entering into liquidity arrangements, credit default swaps and
other derivative contracts.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">A summary of our involvements with off-balance sheet (unconsolidated) VIEs follows:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="21" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="40%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Other</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Total</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Debt and</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">commitments</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">VIE</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">equity</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">and</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Net</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #000000">assets (1)</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #000000">interests</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #000000">Derivatives</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #000000">guarantees</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #000000">assets</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000">December 31, 2008</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="14"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="15" style="border-bottom: 1px solid #000000">Carrying value — asset (liability)</td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">CDOs
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">48,802</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14,080</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,053</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15,133</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Wachovia administered ABCP conduit
</div></td>
<td> </td>
<td> </td>
<td align="right">10,767</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Asset-based finance structures
</div></td>
<td> </td>
<td> </td>
<td align="right">11,614</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,232</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(136</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,096</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Tax credit structures
</div></td>
<td> </td>
<td> </td>
<td align="right">22,882</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,366</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(516</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,850</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">CLOs
</div></td>
<td> </td>
<td> </td>
<td align="right">23,339</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,217</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">109</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,326</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Investment funds
</div></td>
<td> </td>
<td> </td>
<td align="right">105,808</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,543</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,543</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Credit-linked note structures
</div></td>
<td> </td>
<td> </td>
<td align="right">12,993</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">50</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,472</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,522</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Money market funds (2)
</div></td>
<td> </td>
<td> </td>
<td align="right">31,843</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">50</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">60</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Other (3)
</div></td>
<td> </td>
<td> </td>
<td align="right">1,832</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,983</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(36</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(141</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,806</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Total
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">269,880</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">38,521</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,472</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(657</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">40,336</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="15" align="right">Maximum exposure to loss</td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="15" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">CDOs
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">14,080</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,849</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,514</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">20,443</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Wachovia administered ABCP conduit
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15,824</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15,824</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Asset-based finance structures
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,346</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">136</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,482</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Tax credit structures
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,366</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">560</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,926</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">CLOs
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,217</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">109</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">555</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,881</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Investment funds
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,550</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">140</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,690</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Credit-linked note structures
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">50</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,253</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,303</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Money market funds (2)
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">50</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">51</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">101</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other (3)
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,991</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">130</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">578</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,699</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Total
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">38,650</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">23,352</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,347</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">65,349</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>June 30, 2009</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="15" align="right"><b>Carrying value — asset (liability)</b></td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="15" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>CDOs</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>63,325</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>14,165</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,132</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(848</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>14,449</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Wachovia administered ABCP conduit</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>7,617</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Asset-based finance structures</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>18,471</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>10,765</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(88</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>10,677</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Tax credit structures</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>27,804</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,558</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(753</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>3,805</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>CLOs</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>23,551</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,561</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>115</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,676</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Investment funds</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>93,044</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,566</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,566</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Credit-linked note structures</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,878</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>64</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,226</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,290</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Money market funds </b>(2)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>30,412</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>33</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(9</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>24</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Other </b>(3)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>7,350</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,959</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(31</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>3,929</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Total</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>273,452</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>39,671</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,377</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,632</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>40,416</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="15" align="right"><b>Maximum exposure to loss</b></td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="15" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>CDOs</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>14,165</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,480</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>96</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>17,741</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Wachovia administered ABCP conduit</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7,769</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7,769</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Asset-based finance structures</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>10,765</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>88</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>441</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>11,294</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Tax credit structures</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,558</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>12</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,570</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>CLOs</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,561</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>115</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>520</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,196</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Investment funds</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,566</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>500</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>116</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,182</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Credit-linked note structures</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>64</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,005</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,069</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Money market funds </b>(2)
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>33</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>39</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>12</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>84</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Other </b>(3)
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,959</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>200</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,161</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Total</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>39,671</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>13,998</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,397</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>55,066</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="21" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Represents the remaining principal balance of assets held by unconsolidated VIEs using the
most current information available. For VIEs that obtain exposure to assets synthetically through
derivative instruments, the remaining notional amount of the derivative is included in the asset
balance.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Excludes previously supported money market funds, to which the Company no longer provides
non-contractual financial support.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(3)</td>
<td> </td>
<td>Contains investments in auction rate securities issued by VIEs that we do not sponsor and,
accordingly, are unable to obtain the total assets of the entity.</td>
</tr>
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">“Maximum exposure to loss” represents the carrying value of our involvement with off-balance
sheet (unconsolidated) VIEs plus remaining undrawn liquidity and lending commitments, notional
amount of net written derivative contracts, and notional amount of other commitments and
guarantees. Maximum exposure to loss is a required disclosure under GAAP and represents the
estimated loss that would be incurred under an assumed, although we
believe extremely remote, hypothetical
circumstance, where the value of our interests and any associated collateral declines to zero,
without any consideration of recovery or offset from any economic hedges. Accordingly, this
required disclosure is not an indication of expected loss.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Collateralized debt obligations and collateralized loan obligations</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">A CDO or CLO is a securitization where an SPE purchases a pool of assets consisting of asset-backed
securities or loans and issues multiple tranches of equity or notes to investors. In some
transactions a portion of the assets are obtained synthetically through the use of derivatives such
as credit default swaps or total return swaps. Generally, CDOs and CLOs are structured on behalf of
a third party asset manager that typically selects and manages the assets for the term of the CDO
or CLO. Typically, the asset manager has some discretion to manage the sale of assets of, or
derivatives used by the CDOs and CLOs.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Prior to the securitization, we may provide all or substantially all of the warehouse financing to
the asset manager. The asset manager uses this financing to purchase the assets into a bankruptcy
remote SPE during the warehouse period. At the completion of the warehouse period, the assets are
sold to the CDO or CLO and the warehouse financing is repaid with the proceeds received from the
securitization’s investors. The warehousing period is generally less than 12 months in duration. In
the event the securitization does not take place, the assets in the warehouse are liquidated. We
consolidate the warehouse SPEs when we are the primary beneficiary. We are the primary beneficiary
when we provide substantially all of the financing and therefore absorb the majority of the
variability. Sometimes we have loss sharing arrangements whereby a third party asset manager agrees
to absorb the credit and market risk during the warehousing period or upon liquidation of the
collateral in the event a securitization does not take place. In those circumstances we do not
consolidate the warehouse SPE because the third party asset manager absorbs the majority of the
variability through the loss sharing arrangement.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">In addition to our role as arranger and warehouse financing provider, we may have other forms of
involvement with these transactions. Such involvements may include underwriter, liquidity provider,
derivative counterparty, secondary market maker or investor. For certain transactions, we may also
act as the collateral manager or servicer. We receive fees in connection with our role as
collateral manager or servicer. We also earn fees for arranging these transactions and distributing
the securities.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We assess whether we are the primary beneficiary of CDOs and CLOs at inception of the transactions
based on our expectation of the variability associated with our continuing involvement.
Subsequently, we monitor our ongoing involvement in these transactions to determine if a more
frequent assessment of variability is necessary. Variability in these transactions may be created
by credit risk, market risk, interest rate risk or liquidity risk associated with the CDO’s or
CLO’s assets. Our assessment of the variability is performed qualitatively because our continuing
involvement is typically senior in priority to the third party investors in transactions. In most
cases, we are not the primary beneficiary of these transactions because we do not retain the
subordinate interests in these transactions and, accordingly, do not absorb the majority of the
variability.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Multi-seller commercial paper conduit</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We administer a multi-seller asset-backed commercial paper (ABCP) conduit that arranges financing
for certain client transactions. We acquired the relationship with this conduit in the Wachovia
merger. This conduit is a bankruptcy remote entity that makes loans to, or purchases certificated
interests from SPEs
established by our clients (sellers) and which are secured by pools of financial assets. The
conduit funds itself through the issuance of highly rated commercial paper to third party
investors. The primary source
of repayment of the commercial paper is the cash flows from the
conduit’s assets or the re-issuance of commercial paper upon maturity. The conduit’s assets are
structured with deal-specific credit enhancements generally in the form of overcollateralization
provided by the seller, but also may include subordinated interests, cash reserve accounts, third
party credit support facilities and excess spread capture. The weighted average life of the
conduit’s assets was 2.9 years at June 30, 2009, and 3.0 years at December 31, 2008, respectively.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The composition of the conduit’s assets follows:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000"><b>June 30, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Dec. 31, 2008</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Funded</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Total</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Funded</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Total</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>asset</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>committed</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">asset</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">committed</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>composition</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>exposure</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">composition</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">exposure</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Auto loans
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>24.2</b></td>
<td nowrap="nowrap"><b>%</b></td>
<td> </td>
<td> </td>
<td align="right"><b>22.0</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">34.1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">26.7</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Commercial and middle market loans
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>47.8</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>44.5</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">27.6</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">32.6</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Equipment loans
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>15.3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>12.9</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14.4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11.4</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Trade receivables
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>5.0</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>10.3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8.8</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10.9</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Credit cards
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2.4</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1.8</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7.0</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7.9</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Leases
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2.5</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3.5</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6.1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7.0</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Other
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2.8</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.0</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2.0</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3.5</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Total
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>100.0</b></td>
<td nowrap="nowrap"><b>%</b></td>
<td> </td>
<td> </td>
<td align="right"><b>100.0</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">100.0</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">100.0</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The table below summarizes the weighted-average credit rating equivalents of the conduit’s
assets. These ratings are based on internal rating criteria.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000"><b>June 30, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Dec. 31, 2008</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Funded</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Total</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Funded</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Total</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>asset</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>committed</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">asset</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">committed</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>composition</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>exposure</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">composition</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">exposure</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">AAA
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>4.4</b></td>
<td nowrap="nowrap"><b>%</b></td>
<td> </td>
<td> </td>
<td align="right"><b>3.5</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9.4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10.4</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">AA
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>8.7</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7.8</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8.3</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11.7</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">A
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>44.7</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>53.3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">52.2</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">51.5</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">BBB/BB
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>42.2</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>35.4</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">30.1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">26.4</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Total
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>100.0</b></td>
<td nowrap="nowrap"><b>%</b></td>
<td> </td>
<td> </td>
<td align="right"><b>100.0</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">100.0</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">100.0</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The timely repayment of the commercial paper is further supported by asset-specific liquidity
facilities in the form of asset purchase agreements that we provide. Each facility is equal to 102%
of the conduit’s funding commitments to a client. The aggregate amount of liquidity must be equal
to or greater than all the commercial paper issued by the conduit. At the discretion of the
administrator, we may be required to purchase assets from the conduit at par value plus interest,
including situations where the conduit is unable to issue commercial paper. Par value may be
different from fair value.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We receive fees in connection with our role as administrator and liquidity provider. We may also
receive fees related to the structuring of the conduit’s transactions.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The weighted-average life of the commercial paper was 51.6 days at June 30, 2009, and the average
yield on the commercial paper was 0.60%. The ability of the conduit to issue commercial paper is a
function of general market conditions and the credit rating of the liquidity provider. At June
30, 2009, we did not hold any of the commercial paper issued by the conduit.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The conduit has issued a subordinated note to a third party investor. The subordinated note is
designed to absorb the expected variability associated with the credit risk in the conduit’s assets
as well as assets that
may be funded by us as a result of a purchase under the provisions of the
liquidity purchase agreements. Actual credit losses incurred on the conduit’s assets or assets
purchased under the liquidity facilities are
absorbed first by the subordinated note prior to any allocation to us as the liquidity provider. At
June 30, 2009, the balance of the subordinated note was $60 million and it matures in 2017.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">At least quarterly, or more often if circumstances dictate, we assess whether we are the primary
beneficiary of the conduit based on our expectation of the variability associated with our
liquidity facility and administrative fee arrangement. Such circumstances may include changes to
deal-specific liquidity arrangements, changes to the terms of the conduit’s assets or the purchase
of the conduit’s commercial paper. We assess variability using a quantitative expected loss model.
The key inputs to the model include internally generated risk ratings that are mapped to third
party rating agency loss-given-default assumptions. We do not consolidate the conduit because our
expected loss model indicates that the holder of the subordinated note absorbs the majority of the
variability of the conduit’s assets.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Asset-based finance structures</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We engage in various forms of structured finance arrangements with VIEs that are collateralized by
various asset classes including energy contracts, auto and other transportation leases,
intellectual property, equipment and general corporate credit. We typically provide senior
financing, and may act as an interest rate swap or commodity derivative counterparty when
necessary. In most cases, we are not the primary beneficiary of these structures because we do not
retain a majority of the variability in these transactions.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">For example, we had investments in asset-backed securities that were collateralized by auto leases
and cash reserves. These fixed-rate securities have been structured as single-tranche, fully
amortizing, unrated bonds that are equivalent to investment-grade securities due to their
significant overcollateralization. The securities are issued by SPEs that have been formed and
sponsored by third party auto financing institutions primarily because they require a source of
liquidity to fund ongoing vehicle sales operations.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Tax credit structures</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We make passive investments in affordable housing and sustainable energy projects that are designed
to generate a return primarily through the realization of federal tax credits. In some instances,
our investments in these structures may require that we fund future capital commitments at the
discretion of the project sponsors. While the size of our investment in a single entity may at
times exceed 50% of the outstanding equity interests, we do not consolidate these structures due to
performance guarantees provided by the project sponsors giving them a majority of the variability.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Investment funds</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">At June 30, 2009, we had investments of $1.2 billion and lending arrangements of $769 million with
certain funds managed by one of our majority owned subsidiaries compared with investments of
$2.1 billion and lending arrangements of $349 million at December 31, 2008. In addition, we also
provide a default protection agreement to a third party lender to one of these funds. Our
involvements in these funds are either senior or of equal priority to third party investors. We do
not consolidate the investment funds because we do not absorb the majority of the expected future
variability associated with the funds’ assets, including variability associated with credit,
interest rate and liquidity risks.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We are also a passive investor in various investment funds that invest directly in private equity
and mezzanine securities as well as funds sponsored by select private equity and venture capital
groups. We also invest in hedge funds on behalf of clients. In these transactions, we use various
derivative contracts that are designed to provide our clients with the returns of the underlying
hedge fund investments. We do not consolidate these funds because we do not hold a majority of the
subordinate interests in these funds.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Money market funds</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We entered into a capital support agreement in first quarter 2008 for up to $130 million related to
an investment in a structured investment vehicle (SIV) held by our AAA-rated non-government money
market funds. We entered into this agreement in order to maintain a AAA credit rating and a net
asset value of $1.00 for the funds. In third quarter 2008, we fulfilled our obligation under this
agreement by purchasing the SIV investment from the funds. At December 31, 2008, the SIV investment
was recorded as a debt security in our securities available-for-sale portfolio. In addition, at
June 30, 2009, we had remaining outstanding support agreements of $51 million to certain other
funds to support the value of certain investments held by those funds. We recorded a loss of $50
million and a liability of $9 million in the first half of 2009 in connection with these support
agreements. We do not consolidate these funds because we do not absorb the majority of the expected
future variability associated with the funds assets. We are generally not responsible for
investment losses incurred by our funds, and we do not have a contractual or implicit obligation to
indemnify such losses or provide additional support to the funds. While we elected to enter into
the capital support agreements for the funds, we are not obligated and may elect not to provide
additional support to these funds or other funds in the future.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Credit-linked note structures</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We enter into credit-linked note structures for two separate purposes. First and primarily, we
structure transactions for clients designed to provide investors with specified returns based on
the returns of an underlying security, loan or index. Second, in certain situations, we also use
credit-linked note structures to generate regulatory capital for the Company by structuring similar
transactions that are indexed to the returns of a pool of underlying securities or loans that we
own. Both of these types of transactions result in the issuance of credit-linked notes and
typically involve a bankruptcy remote SPE that synthetically obtains exposure to the underlying
through a derivative instrument such as a written credit default swap or total return swap. The SPE
issues notes to investors based on the referenced underlying securities or loans. Proceeds received
from the issuance of these notes are usually invested in investment grade financial assets. We are
typically the derivative counterparty to these transactions and administrator responsible for
investing the note proceeds. We do not consolidate these SPEs because we typically do not hold any
of the notes that they issue.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Other transactions with VIEs</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">In August 2008, Wachovia reached an agreement to purchase at par auction rate securities (ARS) that
were sold to third party investors by two of its subsidiaries. ARS are debt instruments with
long-term maturities, but which reprice more frequently. Certain of these securities were issued by
VIEs. At June 30, 2009, we held in our securities available-for-sale portfolio $3.5 billion of ARS
issued by VIEs that we redeemed pursuant to this agreement, compared with $3.7 billion at December
31, 2008. At December 31, 2008, we had a liability in our balance sheet of $91 million for
additional losses on anticipated future redemptions of ARS issued by VIEs. We did not have a
liability related to this event at June 30, 2009. Were we to redeem all remaining ARS issued by
VIEs that are subject to the agreement, our estimated maximum exposure to loss would have been
$620 million at December 31, 2008; however, certain of these securities may be repaid in full by
the issuer prior to redemption. We do not consolidate the VIEs that issued the ARS because we do
not expect to absorb the majority of the expected future variability associated with the VIEs’
assets.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Trust preferred securities</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">In addition to the involvements disclosed in the following table, we had $19.4 billion of debt
financing through the issuance of trust preferred securities at June 30, 2009. In these
transactions, VIEs that we wholly own issue preferred equity or debt securities to third party
investors. All of the proceeds of the issuance are invested in debt securities that we issue to the
VIEs. In certain instances, we may provide liquidity to third party investors that purchase
long-term securities that reprice frequently issued by VIEs. The VIEs’ operations and cash flows
relate only to the issuance, administration and repayment of the
securities held by third parties. We do not consolidate these VIEs because the VIEs’ sole assets
are receivables from us. This is the case even though we own all of the VIEs’ voting equity shares,
have fully guaranteed the VIEs’ obligations and may have the right to redeem the third party
securities under certain circumstances. We report the debt securities that we issue to the VIEs as
long-term debt in our consolidated balance sheet.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">A summary of our transactions with VIEs accounted for as secured borrowings and involvements with
consolidated VIEs follows:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #000000">Carrying value (1)</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Total</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Third</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">VIE</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Consolidated</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">party</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Noncontrolling</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">assets</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">assets</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">liabilities</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">interests</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">December 31, 2008
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Secured borrowings:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Municipal tender option bond securitizations
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">6,358</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,280</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,765</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Auto loan securitizations
</div></td>
<td> </td>
<td> </td>
<td align="right">2,134</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,134</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,869</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Commercial real estate loans
</div></td>
<td> </td>
<td> </td>
<td align="right">1,294</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,294</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,258</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Residential mortgage securitizations
</div></td>
<td> </td>
<td> </td>
<td align="right">1,124</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">995</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">699</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Total secured borrowings
</div></td>
<td> </td>
<td> </td>
<td align="right">10,910</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10,703</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,591</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Consolidated VIEs:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Structured asset finance
</div></td>
<td> </td>
<td> </td>
<td align="right">3,491</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,666</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,481</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Investment funds
</div></td>
<td> </td>
<td> </td>
<td align="right">1,119</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,070</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">155</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">97</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Other
</div></td>
<td> </td>
<td> </td>
<td align="right">1,007</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,007</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">774</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Total consolidated VIEs
</div></td>
<td> </td>
<td> </td>
<td align="right">5,617</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,743</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,410</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">121</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:60px; text-indent:-15px">Total secured borrowings and consolidated VIEs
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">16,527</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14,446</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,001</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">121</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>June 30, 2009</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Secured borrowings:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Municipal tender option bond securitizations</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>6,397</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6,222</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6,174</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Auto loan securitizations</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,312</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,312</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,109</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Commercial real estate loans</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,302</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,302</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,177</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Residential mortgage securitizations</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,004</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>883</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>614</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px"><b>Total secured borrowings</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>10,015</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>9,719</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>9,074</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Consolidated VIEs:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Structured asset finance</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>3,352</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,599</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,602</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>14</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Investment funds</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,909</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,909</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>253</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>94</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Other</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,226</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,168</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>927</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>14</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px"><b>Total consolidated VIEs</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>6,487</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,676</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,782</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>122</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px"><b>Total secured borrowings and consolidated VIEs</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>16,502</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>14,395</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>11,856</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>122</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Amounts exclude loan loss reserves, and total assets may differ from consolidated assets
due to the different measurement methods used depending on the assets’ classifications.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We have raised financing through the securitization of certain financial assets in
transactions with VIEs accounted for as secured borrowings. We also consolidate VIEs where we are
the primary beneficiary. In certain transactions we provide contractual support in the form of
limited recourse and liquidity to facilitate the remarketing of short-term securities issued to
third party investors. Other than this limited contractual support, the assets of the VIEs are the
sole source of repayment of the securities held by third parties.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
</div>
</div>
</body>
</html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<html>
<head></head>
<body>
<!-- Begin Block Tagged Note 8 - wfc:MortgageBankingActivitiesTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>8. MORTGAGE BANKING ACTIVITIES</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Mortgage banking activities, included in the Community Banking and Wholesale Banking operating
segments, consist of residential and commercial mortgage originations and servicing.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The changes in residential MSRs measured using the fair value method were:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended June 30,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Six months ended June 30,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value, beginning of period
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>12,391</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14,956</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>14,714</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16,763</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Purchases
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">82</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">134</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Acquired from Wachovia (1)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>34</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Servicing from securitizations or asset transfers
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,081</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">994</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,528</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,791</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Sales
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(177</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(269</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Net additions
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,081</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">899</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,562</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,656</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Changes in fair value:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Due to changes in valuation model inputs or assumptions (2)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,316</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,132</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(508</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">2,334</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Other changes in fair value (3)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,098</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(654</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,078</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,420</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px">Total changes in fair value
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>1,218</b></td>
<td nowrap="nowrap"><b> </b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">3,478</td>
<td nowrap="nowrap"></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,586</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">914</td>
<td nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value, end of period
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>15,690</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19,333</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>15,690</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19,333</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Reflects refinements to initial December 31, 2008, Wachovia purchase accounting
adjustments.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Principally reflects changes in discount rates and prepayment speed
assumptions, mostly due to changes in interest rates.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(3)</td>
<td> </td>
<td>Represents changes due to collection/realization of expected cash flows over
time.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The changes in amortized commercial MSRs were:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended June 30,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Six months ended June 30,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Balance, beginning of period
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1,257</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">455</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,446</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">466</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Purchases (1)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>6</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>10</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Acquired from Wachovia (2)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(8</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(135</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Servicing from securitizations or asset transfers (1)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>18</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>22</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Amortization
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(68</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(19</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(138</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(38</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Balance, end of period (3)
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1,205</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">442</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,205</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">442</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value of amortized MSRs:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Beginning of period
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1,392</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">601</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,555</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">573</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">End of period
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,311</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">595</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,311</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">595</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Based on June 30, 2009, assumptions, the weighted-average amortization period for MSRs
added during the second quarter and first half of 2009 was approximately 16.6 years and 16.5 years,
respectively.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Reflects refinements to initial December 31, 2008, Wachovia
purchase accounting adjustments.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(3)</td>
<td> </td>
<td>There was no valuation allowance recorded for the periods
presented.</td>
</tr>
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">The components of our managed servicing portfolio were:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="9" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Dec. 31,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in billions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Residential mortgage loans serviced for others (1)
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1,394</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,388</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Owned loans serviced (2)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>270</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">268</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Owned servicing of residential mortgage loans
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,664</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,656</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Commercial mortgage loans serviced for others
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>470</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">472</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Total owned servicing of loans
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,134</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,128</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Sub-servicing
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>22</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">26</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:60px; text-indent:-15px">Total managed servicing portfolio
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>2,156</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,154</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Ratio of MSRs to related loans serviced for others
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>0.91</b></td>
<td nowrap="nowrap"><b>%</b></td>
<td> </td>
<td> </td>
<td align="right">0.87</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="9" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Consists of 1-4 family first mortgage loans.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Consists of mortgages held for sale and 1-4 family first mortgage loans.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The components of mortgage banking noninterest income were:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended June 30,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Six months ended June 30,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Servicing income, net:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Servicing fees
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>888</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">959</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,906</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,923</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Changes in fair value of residential MSRs:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Due to changes in valuation model inputs or assumptions (1)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,316</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,132</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(508</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">2,334</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Other changes in fair value (2)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,098</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(654</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,078</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,420</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px">Total changes in fair value of residential MSRs
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,218</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,478</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,586</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">914</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Amortization
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(68</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(19</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(138</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(38</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Net derivative gains (losses) from economic hedges (3)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,285</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4,197</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>2,414</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,305</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:75px; text-indent:-15px">Total servicing income, net
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>753</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">221</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,596</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">494</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Net gains on mortgage loan origination/sales activities
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,203</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">876</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,785</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,143</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">All other
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>90</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">100</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>169</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">191</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:90px; text-indent:-15px">Total mortgage banking noninterest income
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>3,046</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,197</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,550</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,828</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Market-related valuation changes to MSRs, net of hedge results (1)+(3)
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1,031</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(65</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>1,906</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">29</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Principally reflects changes in discount rates and prepayment speed
assumptions, mostly due to changes in interest rates.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Represents changes due to collection/realization of expected cash flows over
time.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(3)</td>
<td> </td>
<td>Represents results from free-standing derivatives (economic hedges) used to hedge the risk of
changes in fair value of MSRs. See Note 11 – Free-Standing Derivatives in this Report for
additional discussion and detail.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Servicing fees include certain unreimbursed direct servicing obligations primarily associated
with workout activities. In addition, servicing fees and all other in the table above included:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended June 30,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Six months ended June 30,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Contractually specified servicing fees
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1,090</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">969</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,151</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,937</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Late charges
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>78</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">69</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>166</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">144</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Ancillary fees
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>47</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">39</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>96</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">76</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 0px solid #000000"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
</div>
</div>
</body>
</html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<html>
<head></head>
<body>
<!-- Begin Block Tagged Note 9 - us-gaap:IntangibleAssetsDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>9. INTANGIBLE ASSETS</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The gross carrying value of intangible assets and accumulated amortization was:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000"><b>June 30, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Dec. 31, 2008</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Gross</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Gross</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>carrying</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Accumulated</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">carrying</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Accumulated</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>value</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>amortization</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">value</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">amortization</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Amortized intangible assets:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">MSRs (1)
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1,567</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>362</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,672</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">226</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Core deposit intangibles
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>14,745</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,251</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14,188</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,189</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Customer relationship and other intangibles
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>3,343</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>723</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,988</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">486</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Total amortized intangible assets
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>19,655</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,336</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19,848</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,901</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">MSRs (carried at fair value) (1)
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>15,690</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14,714</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Goodwill
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>24,619</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">22,627</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Trademark
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>14</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>See Note 8 in this Report for additional information on MSRs.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The current year and estimated future amortization expense for intangible assets as of June
30, 2009, follows:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Customer</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Amortized</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Core</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">relationship</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">commercial</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">deposit</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">and other</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">MSRs</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">intangibles</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">intangibles</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Total</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Six months ended June 30, 2009 (actual)</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>138</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,063</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>237</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,438</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Estimate for year ended December 31,
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">2009
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">260</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,121</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">474</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,855</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">2010
</div></td>
<td> </td>
<td> </td>
<td align="right">220</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,813</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">379</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,412</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">2011
</div></td>
<td> </td>
<td> </td>
<td align="right">192</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,544</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">319</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,055</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">2012
</div></td>
<td> </td>
<td> </td>
<td align="right">155</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,352</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">300</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,807</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">2013
</div></td>
<td> </td>
<td> </td>
<td align="right">120</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,202</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">278</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,600</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">2014
</div></td>
<td> </td>
<td> </td>
<td align="right">104</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,078</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">260</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,442</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We based our projections of amortization expense shown above on existing asset balances at
June 30, 2009. Future amortization expense may vary from these projections.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">For our goodwill impairment analysis, we allocate all of the goodwill to the individual operating
segments. As a result of the combination of Wells Fargo and Wachovia, management realigned its
business segments into the following three lines of business: Community Banking; Wholesale Banking;
and Wealth, Brokerage and Retirement. As part of this realignment, we updated our reporting units.
We identify reporting units that are one level below an operating segment (referred to as a
component), and distinguish these reporting units as those components are based on how the segments
and components are managed, taking into consideration the economic characteristics, nature of the
products and customers of the components. We allocate goodwill to reporting units based on relative
fair value, using certain performance metrics. We have revised prior period information to reflect
this realignment. See Note 16 in this Report for further information on management reporting.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">The following table shows the allocation of goodwill to our operating segments for purposes of
goodwill impairment testing. The additions in the first half of 2009 predominantly relate to
goodwill recorded in connection with refinements to our initial acquisition date purchase
accounting.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Wealth,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Brokerage and</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Community</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Wholesale</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Retirement</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Consolidated</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Banking</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Banking</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Services</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Company</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">December 31, 2007
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">10,591</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,147</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">368</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13,106</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Reduction in goodwill related to divested businesses
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Goodwill from business combinations
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">92</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">88</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Foreign currency translation adjustments
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">June 30, 2008
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">10,585</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,238</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">368</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13,191</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>December 31, 2008</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>16,810</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,449</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>368</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>22,627</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Goodwill from business combinations</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,240</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>750</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,990</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Foreign currency translation adjustments</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>June 30, 2009</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>18,052</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6,199</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>368</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>24,619</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
</div>
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<head></head>
<body>
<!-- Begin Block Tagged Note 10 - wfc:GuaranteesAndLegalActionsTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>10. GUARANTEES AND LEGAL ACTIONS</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Guarantees</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Guarantees are contracts that contingently require us to make payments to a guaranteed party
based on an event or a change in an underlying asset, liability, rate or index. Guarantees are
generally in the form of securities lending indemnifications, standby letters of credit, liquidity
agreements, written put options, recourse obligations, residual value guarantees, and contingent
consideration. The following table shows carrying value, maximum exposure to loss on our guarantees
and the amount with a higher risk of performance.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="25" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="28%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #000000"><b>June 30, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #000000">Dec. 31, 2008</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Maximum</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Non-</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Maximum</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Non-</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Carrying</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>exposure</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>investment</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Carrying</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">exposure</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">investment</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>value</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>to loss</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>grade</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">value</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">to loss</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">grade</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Standby letters of credit
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>327</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>50,822</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>13,713</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">130</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">47,191</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">17,293</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Securities and other lending indemnifications
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>51</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>28,170</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,811</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">30,120</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,907</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Liquidity agreements (1)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>33</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>11,781</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">30</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">17,602</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Written put options (1)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>920</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,416</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>963</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,376</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10,182</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,314</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Loans sold with recourse
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>83</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,507</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,113</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">53</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,126</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,038</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Residual value guarantees
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>197</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,121</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Contingent consideration
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>9</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>143</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">187</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other guarantees
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>51</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">38</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Total guarantees
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1,423</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>102,087</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>19,600</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,600</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">112,567</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">26,552</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="25" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Liquidity agreements and written put options that are in the form of derivatives are
excluded from this disclosure and included in the derivative disclosures in Note 11. Certain of
these agreements included in this table are related to off-balance sheet entities and, accordingly,
are also disclosed in Note 7.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">“Maximum exposure to loss” and “Non-investment grade” are required disclosures under GAAP.
Non-investment grade represents those guarantees on which we have a higher risk of being required
to perform under the terms of the guarantee. If the underlying assets under the guarantee are
non-investment grade (that is, an external rating that is below investment grade or an internal
credit default grade that is equivalent to a below investment grade external rating), we consider
the risk of payment of performance to be high. Internal credit default grades are determined based
upon the same credit policies that we use to evaluate the risk of payment or performance when
making loans and other extensions of credit. These credit policies are more fully described in Note
5 in this Report.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Maximum exposure to loss represents the estimated loss that would be incurred under an assumed
hypothetical circumstance, despite what we believe is its extremely remote possibility, where the value of our
interests and any associated collateral declines to zero, without any consideration of recovery or
offset from any economic hedges. Accordingly, this required disclosure is not an indication of
expected loss. We believe the carrying value, which is either fair value or cost adjusted for
incurred credit losses, is more representative of our exposure to loss than maximum exposure to
loss.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We issue standby letters of credit, which include performance and financial guarantees, for
customers in connection with contracts between our customers and third parties. Standby letters of
credit are agreements where we are obligated to make payment to a third party on behalf of a
customer in the event the customer fails to meet their contractual obligations. We consider the
credit risk in standby letters of credit and commercial and similar letters of credit in
determining the allowance for credit losses.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">As a securities lending agent, we loan client securities, on a fully collateralized basis, to third
party borrowers. We indemnify our clients against borrower default of a return of those securities
and, in certain cases, against collateral losses. We support these guarantees with collateral,
generally in the form of cash or highly liquid securities that is marked to market daily. At
June 30, 2009, and December 31, 2008, respectively, there was $29.1 billion and $31.0 billion in
collateral supporting loaned securities with values of $28.2 billion and $30.1 billion.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We enter into other types of indemnification agreements in the ordinary course of business under
which we agree to indemnify third parties against any damages, losses and expenses incurred in
connection with legal and other proceedings arising from relationships or transactions with us.
These relationships or transactions include those arising from service as a director or officer of
the Company, underwriting agreements relating to our securities, acquisition agreements and various
other business transactions or arrangements. Because the extent of our obligations under these
agreements depends entirely upon the occurrence of future events, our potential future liability
under these agreements is not determinable.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We provide liquidity facilities on all commercial paper issued by the conduit we administer. We
also provide liquidity to certain off-balance sheet entities that hold securitized fixed rate
municipal bonds and consumer or commercial assets that are partially funded with the issuance of
money market and other short-term notes. See Note 7 in this Report for additional information on
these arrangements.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Written put options are contracts that give the counterparty the right to sell to us an underlying
instrument held by the counterparty at a specified price, and include options, floors, caps and
credit default swaps. These written put option contracts generally permit net settlement. While
these derivative transactions expose us to risk in the event the option is exercised, we manage
this risk by entering into offsetting trades or by taking short positions in the underlying
instrument. We offset substantially all put options written to customers with purchased options.
Additionally, for certain of these contracts, we require the counterparty to pledge the underlying
instrument as collateral for the transaction. Our ultimate obligation under written put options is
based on future market conditions and is only quantifiable at settlement. See Note 7 in this Report
for additional information regarding transactions with VIEs and Note 11 in this Report for
additional information regarding written derivative contracts.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">In certain loan sales or securitizations, we provide recourse to the buyer whereby we are required
to repurchase loans at par value plus accrued interest on the occurrence of certain credit-related
events within a certain period of time. The maximum exposure to loss represents the outstanding
principal balance of the loans sold or securitized that are subject to recourse provisions, but the
likelihood of the repurchase of the entire balance is remote and amounts paid can be recovered in
whole or in part from the sale of collateral. In the first half of 2009, we did not repurchase a
significant amount of loans associated with these agreements.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We have provided residual value guarantees as part of certain leasing transactions of corporate
assets. At June 30, 2009, the only remaining residual value guarantee related to a leasing
transaction on certain corporate buildings. At December 31, 2008, the residual value guarantees
also included leasing transactions related to railcars, which were unwound in first quarter 2009.
The lessors in these leases are generally large financial institutions or their leasing
subsidiaries. These guarantees protect the lessor from loss on sale of the related asset at the end
of the lease term. To the extent that a sale of the leased assets results in proceeds less than a
stated percent (generally 80% to 89%) of the asset’s cost less depreciation, we would be required
to reimburse the lessor under our guarantee.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">In connection with certain brokerage, asset management, insurance agency and other acquisitions we
have made, the terms of the acquisition agreements provide for deferred payments or additional
consideration, based on certain performance targets.
</div>
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">We have entered into various contingent performance guarantees through credit risk participation
arrangements. Under these agreements, if a customer defaults on its obligation to perform under
certain credit agreements with third parties, we will be required to make payments to the third
parties.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Legal Actions</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The following supplements and amends our discussion of certain matters previously reported in Item
3 (Legal Proceedings) of our 2008 Form 10-K for events occurring in the most recent quarter.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><u>Auction Rate Securities</u> On June 30, 2009, Wachovia completed the second, and final, phase
of its buy back of qualifying securities as required in its regulatory settlements with the SEC and
various state securities regulators.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><u>ERISA Litigation</u> On June 18, 2009, the U.S. District Court for the Southern District of
New York entered a Memorandum and Order transferring these consolidated cases to the U.S. District
Court for the Western District of North Carolina.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><u>Golden West and Related Litigation</u> On May 8, 2009 and on June 12, 2009, two additional
cases (not class actions) containing allegations similar to the allegations in the <i>In re Wachovia
Equity Securities Litigation, </i>and captioned, <i>Stichting Pensioenfonds ABP v. Wachovia Corp. et al.
and FC Holdings AB, et al. v. Wachovia Corp., et al., </i>respectively, were filed in the U.S. District
Court for the Southern District of New York. On June 22, 2009, the U.S. District Court for the
Northern District of California entered an Order To Transfer Three Related Actions Pursuant To
U.S.C. Section 1404(a) whereby the Court transferred the <i>Miller, et al. v. Wachovia Corporation, et
al.; Swiskay, et al. v. Wachovia Corporation, et al.; and Orange County Employees’ Retirement
System, et al. v. Wachovia Corporation, et al. </i>cases to the U.S. District Court for the Southern
District of New York.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><u>Merger Related Litigation</u> On July 13, 2009, the U.S. District Court for the Southern
District of New York issued an Opinion and Order denying Citigroup’s motion for partial judgment on
the pleadings in the <i>Wachovia Corp. v. Citigroup, Inc. </i>case. The Court held that an Exclusivity
Agreement, entered into between Citigroup and Wachovia on September 29, 2008, and which formed the
basis for a substantial portion of the allegations of Citigroup’s complaint against Wachovia and
Wells Fargo, was void as against public policy by enactment of Section 126(c) of the Emergency
Economic Stabilization Act on October 3, 2008.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><u>Illinois Attorney General Litigation</u> On July 31, 2009, the Attorney General for the State
of Illinois filed a civil lawsuit against Wells Fargo & Company, Wells Fargo Bank, N.A. and Wells
Fargo Financial Illinois, Inc. in the Circuit Court for Cook County, Illinois. The Illinois
Attorney General alleges that the Wells Fargo defendants engaged in illegal discrimination by
“reverse redlining” and by steering African-American and Latino customers into high cost, subprime
mortgage loans while other borrowers with similar incomes received lower cost mortgages. Illinois
also alleges that Wells Fargo Financial Illinois, Inc. misled Illinois customers about the terms of
mortgage loans. Illinois’ complaint against all Wells Fargo defendants is based on alleged
violation of the Illinois Human Rights Act and the Illinois Fairness in Lending Act. The complaint
also alleges that Wells Fargo Financial Illinois, Inc. violated the Illinois Consumer Fraud and
Deceptive Business Practices Act and the Illinois Uniform Deceptive Trade Practices Act. Illinois’
complaint seeks an injunction against the defendants’ alleged violation of these Illinois statutes,
restitution to consumers and civil money penalties.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><u>Outlook</u> Based on information currently available, advice of counsel, available insurance
coverage and established reserves, Wells Fargo believes that the eventual outcome of the actions
against Wells Fargo and/or its subsidiaries, including the matters described above, will not,
individually or in the aggregate, have a material adverse effect on Wells Fargo’s consolidated
financial position or results of operations. However, in the event of unexpected future
developments, it is possible that the ultimate resolution of those matters, if unfavorable, may be
material to Wells Fargo’s results of operations for any particular period.
</div>
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<div align="left">
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>11. DERIVATIVES</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We use derivatives to manage exposure to market risk, interest rate risk, credit risk and foreign
currency risk, to generate profits from proprietary trading and to assist customers with their risk
management objectives. Derivative transactions are measured in terms of the notional amount, but
this amount is not recorded on the balance sheet and is not, when viewed in isolation, a meaningful
measure of the risk profile of the instruments. The notional amount is generally not exchanged, but
is used only as the basis on which interest and other payments are determined. Our approach to
managing interest rate risk includes the use of derivatives. This helps minimize significant,
unplanned fluctuations in earnings, fair values of assets and liabilities, and cash flows caused by
interest rate volatility. This approach involves modifying the repricing characteristics of certain
assets and liabilities so that changes in interest rates do not have a significant adverse effect
on the net interest margin and cash flows. As a result of interest rate fluctuations, hedged assets
and liabilities will gain or lose market value. In a fair value hedging strategy, the effect of
this unrealized gain or loss will generally be offset by the gain or loss on the derivatives linked
to the hedged assets and liabilities. In a cash flow hedging strategy, we manage the variability of
cash payments due to interest rate fluctuations by the effective use of derivatives linked to
hedged assets and liabilities.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We use derivatives as part of our interest rate and foreign currency risk management, including
interest rate swaps, caps and floors, futures and forward contracts, and options. We also offer
various derivatives, including interest rate, commodity, equity, credit and foreign exchange
contracts, to our customers but usually offset our exposure from such contracts by purchasing other
financial contracts. The customer accommodations and any offsetting financial contracts are treated
as free-standing derivatives. Free-standing derivatives also include derivatives we enter into for
risk management that do not otherwise qualify for hedge accounting, including economic hedge
derivatives. To a lesser extent, we take positions based on market expectations or to benefit from
price differentials between financial instruments and markets. Additionally, free-standing
derivatives include embedded derivatives that are required to be separately accounted for from
their host contracts.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Our derivative activities are monitored by Corporate ALCO. Our Treasury function, which includes
asset/liability management, is responsible for various hedging strategies developed through
analysis of data from financial models and other internal and industry sources. We incorporate the
resulting hedging strategies into our overall interest rate risk management and trading strategies.
</div>
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</div>
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">The total notional or contractual amounts and fair values for derivatives were:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="25" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="28%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #000000"><b>June 30, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #000000">Dec. 31, 2008</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Notional or</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000"><b>Fair value</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Notional or</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Fair value</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>contractual</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Asset</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Liability</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">contractual</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Asset</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Liability</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>amount</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>derivatives</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>derivatives</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">amount</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">derivatives</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">derivatives</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Qualifying hedge contracts accounted
for under FAS 133 </b>(1)
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Interest rate contracts (2)
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>152,416</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7,547</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,970</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">191,972</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,511</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,287</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Foreign exchange contracts
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>31,655</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,616</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>680</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">38,386</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,138</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,198</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total derivatives designated as hedging
instruments under FAS 133
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>9,163</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,650</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12,649</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,485</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td nowrap="nowrap">
<div style="margin-left:15px; text-indent:-15px"><b>Derivatives not designated as<br />
hedging
instruments under FAS 133</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Free-standing derivatives (economic
hedges) (1):
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Interest rate contracts (3)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>991,981</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7,092</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7,508</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">750,728</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12,635</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,708</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Equity contracts
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>39</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>9</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Foreign exchange contracts
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>14,227</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>129</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>109</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,208</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">150</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">325</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Credit
contracts — protection sold
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,000</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td> <td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Credit
contracts — protection purchased
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>644</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>421</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">644</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">528</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Other derivatives
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,143</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>60</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,458</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">108</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">71</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:60px; text-indent:-15px">Subtotal
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7,642</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7,686</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13,421</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10,104</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Customer accommodation, trading
and other free-standing derivatives (4):
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Interest rate contracts
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>3,161,347</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>71,752</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>70,758</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,752,656</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">142,739</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">141,508</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Commodity contracts
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>81,629</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,232</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,155</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">86,360</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,117</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,068</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Equity contracts
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>32,505</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,993</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,339</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">37,136</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,088</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,678</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Foreign exchange contracts
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>204,026</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,408</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,811</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">273,437</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,562</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,419</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Credit
contracts — protection sold
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>105,389</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>754</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>14,667</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">137,113</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">349</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">20,880</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Credit
contracts — protection purchased
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>111,756</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>15,150</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>877</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">140,442</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">22,100</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,281</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Other derivatives
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>4,086</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>708</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>324</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,490</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">28</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">150</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px">Subtotal
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>98,997</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>96,931</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">181,983</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">179,984</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Total derivatives not designated as hedging
instruments under FAS 133
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>106,639</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>104,617</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">195,404</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">190,088</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Subtotal
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>115,802</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>107,267</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">208,053</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">194,573</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Netting </b>(5)
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(87,780</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(97,261</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(168,690</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(182,435</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="7" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:75px; text-indent:-15px">Total
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>28,022</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>10,006</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">39,363</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12,138</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="25" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Represents asset/liability management hedges, which are included in other assets or other
liabilities.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Notional amounts presented exclude $17.9 billion of basis swaps that are combined with receive
fixed-rate / pay floating-rate swaps and designated as one hedging instrument.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(3)</td>
<td> </td>
<td>Includes free-standing derivatives (economic hedges) used to hedge the risk of changes in the
fair value of residential MSRs, MHFS, interest rate lock commitments and other interests held.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(4)</td>
<td> </td>
<td>Customer accommodation, trading and other free-standing derivatives are included in trading
assets or other liabilities.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(5)</td>
<td> </td>
<td>Represents netting of derivative asset and liability balances, and related cash collateral,
with the same counterparty subject to master netting arrangements under FIN 39. The amount of cash
collateral netted against derivative assets and liabilities was $15.9 billion and $5.2 billion,
respectively, at June 30, 2009, and $17.7 billion and $22.2 billion, respectively, at December 31,
2008.</td>
</tr>
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Fair Value Hedges</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We use interest rate swaps to convert certain of our fixed-rate long-term debt and certificates of
deposit to floating rates to hedge our exposure to interest rate risk. We also enter into
cross-currency swaps, cross-currency interest rate swaps and forward contracts to hedge our
exposure to foreign currency risk and interest rate risk associated with the issuance of non-U.S.
dollar denominated long-term debt and repurchase agreements. Consistent with our asset/liability
management strategy of converting fixed-rate debt to floating-rates, we believe interest expense
should reflect only the current contractual interest cash flows on the liabilities and the related
swaps. In addition, we use interest rate swaps and forward contracts to hedge against changes in
fair value of certain debt securities that are classified as securities available for sale, due to
changes in interest rates, foreign currency rates, or both. For fair value hedges of long-term
debt, certificates of deposit, repurchase agreements and debt securities, all parts of each
derivative’s gain or loss due to the hedged risk are included in the assessment of hedge
effectiveness.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">For fair value hedging relationships, we use statistical regression analysis to assess hedge
effectiveness, both at inception of the hedging relationship and on an ongoing basis. The
regression analysis involves regressing the periodic change in fair value of the hedging instrument
against the periodic changes in fair value of the asset or liability being hedged due to changes in
the hedged risk(s). The assessment includes an evaluation of the quantitative measures of the
regression results used to validate the conclusion of high effectiveness.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The following table shows the net gains (losses) recognized in the income statement related to
derivatives in FAS 133 fair value hedging relationships.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="21" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="40%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Interest rate contracts hedging:</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #000000">Foreign exchange contracts hedging:</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Securities</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Securities</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">available</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Long-term</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">available</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Short-term</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Long-term</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">for sale</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">debt</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">for sale</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">borrowings</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">debt</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Quarter ended June 30, 2009</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Gains (losses) recorded in net interest income
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(71</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">383</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(18</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">12</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">78</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Gains (losses) recorded in noninterest income
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Recognized on derivatives
</div></td>
<td> </td>
<td> </td>
<td align="right">712</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,680</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,204</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Recognized on hedged item
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(703</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">2,585</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,281</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td nowrap="nowrap">
<div style="margin-left:30px; text-indent:-15px">Recognized on fair value hedges
(ineffective portion) (1)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">9</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(95</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(77</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Six months ended June 30, 2009</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Gains (losses) recorded in net interest income
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(112</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">647</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(46</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">28</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">154</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Gains (losses) recorded in noninterest income
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Recognized on derivatives
</div></td>
<td> </td>
<td> </td>
<td align="right">794</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,469</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">942</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Recognized on hedged item
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(796</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,383</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(951</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Recognized on fair value hedges
(ineffective portion) (1)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(2</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(86</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(9</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="21" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>None of the change in value of the derivatives was excluded from the assessment of hedge effectiveness.</td>
</tr>
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Cash Flow Hedges</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We hedge floating-rate debt against future interest rate increases by using interest rate swaps,
caps, floors and futures to limit variability of cash flows due to changes in the benchmark
interest rate. We also use interest rate swaps and floors to hedge the variability in interest
payments received on certain floating-rate commercial loans, due to changes in the benchmark
interest rate. Gains and losses on derivatives that are reclassified from cumulative other
comprehensive income to current period earnings are included in the line item in which the hedged
item’s effect on earnings is recorded. All parts of gain or loss on these derivatives are included
in the assessment of hedge effectiveness. For all cash flow hedges, we assess hedge effectiveness
using regression analysis, both at inception of the hedging relationship and on an ongoing basis.
The regression analysis involves regressing the periodic changes in cash flows of the hedging
instrument against the periodic changes in cash flows of the forecasted transaction being hedged
due to changes in the hedged risk(s). The assessment includes an evaluation of the quantitative
measures of the regression results used to validate the conclusion of high effectiveness.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We expect that $125 million of deferred net gains on derivatives in other comprehensive income at
June 30, 2009, will be reclassified as earnings during the next twelve months, compared with
$60 million of net deferred losses at December 31, 2008. We are hedging our exposure to the
variability of future cash flows for all forecasted transactions for a maximum of 17 years for both
hedges of floating-rate debt and floating-rate commercial loans.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The following table shows the gains (losses) recognized related to derivatives in FAS 133 cash flow
hedging relationships.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="9" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Quarter ended</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Six months ended</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">June 30, 2009</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">June 30, 2009</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Losses (after tax) recognized in OCI on derivatives (effective portion)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(196</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(128</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Gains (pre tax) reclassified from cumulative
OCI into net interest income (effective portion)
</div></td>
<td> </td>
<td> </td>
<td align="right">144</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">279</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Gains (pre tax) recognized in noninterest income
on derivatives (ineffective portion) (1)
</div></td>
<td> </td>
<td> </td>
<td align="right">5</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 0px double #000000"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="9" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>None of the change in value of the derivatives was excluded from the assessment of hedge effectiveness.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Free-Standing Derivatives</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We use free-standing derivatives (economic hedges), in addition to debt securities available for
sale, to hedge the risk of changes in the fair value of residential MSRs, new prime residential
MHFS, derivative loan commitments and other interests held, with the resulting gain or loss
reflected in other income.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The derivatives used to hedge residential MSRs include swaps, swaptions, forwards, Eurodollar and
Treasury futures and options contracts resulted in net derivative losses of $1,285 million and net
derivative gains of $2,414 million, respectively, in the second quarter and first half of 2009 and
net derivative losses of $4,197 million and $2,305 million, respectively, in the same periods of
2008 from economic hedges related to our mortgage servicing activities and are included in mortgage
banking noninterest income. The aggregate fair value of these derivatives used as economic hedges
was a net liability of $960 million at June 30, 2009, and a net asset of $3,610 million at
December 31, 2008. Changes in fair value of debt securities available for sale (unrealized gains
and losses) are not included in servicing income, but are reported in cumulative other
comprehensive income (net of tax) or, upon sale, are reported in net gains (losses) on debt
securities available for sale.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">Interest rate lock commitments for residential mortgage loans that we intend to sell are considered
free-standing derivatives. Our interest rate exposure on these derivative loan commitments, as well
as most new prime residential MHFS carried at fair value under FAS 159, is hedged with
free-standing derivatives (economic hedges) such as forwards and options, Eurodollar futures and
options, and Treasury futures, forwards and options contracts. The commitments, free-standing
derivatives and residential MHFS are carried at fair value with changes in fair value included in
mortgage banking noninterest income. For interest rate lock commitments we include, at inception
and during the life of the loan commitment, the expected net future cash flows related to the
associated servicing of the loan as part of the fair value measurement of derivative loan
commitments. Changes subsequent to inception are based on changes in fair value of the underlying
loan resulting from the exercise of the commitment and changes in the probability that the loan
will not fund within the terms of the commitment (referred to as a fall-out factor). The value of
the underlying loan is affected primarily by changes in interest rates and the passage of time.
However, changes in investor demand, such as concerns about credit risk, can also cause changes in
the spread relationships between underlying loan value and the derivative financial instruments
that cannot be hedged. The aggregate fair value of derivative loan commitments in the balance sheet
at June 30, 2009, and December 31, 2008, was a net liability of $81 million and a net asset of
$125 million, respectively, and is included in the caption “Interest rate contracts” under
“Customer accommodation, trading and other free-standing derivatives” in the table on page 102.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We also enter into various derivatives primarily to provide derivative products to customers. To a
lesser extent, we take positions based on market expectations or to benefit from price
differentials between financial instruments and markets. These derivatives are not linked to
specific assets and liabilities in the balance sheet or to forecasted transactions in an accounting
hedge relationship and, therefore, do not qualify for hedge accounting. We also enter into
free-standing derivatives for risk management that do not otherwise qualify for hedge accounting.
They are carried at fair value with changes in fair value recorded as part of other noninterest
income.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Additionally, free-standing derivatives include embedded derivatives that are required to be
accounted for separate from their host contract. We periodically issue hybrid long-term notes and
certificates of deposit where the performance of the hybrid instrument notes is linked to an
equity, commodity or currency index, or basket of such indices. These notes contain explicit terms
that affect some or all of the cash flows or the value of the note in a manner similar to a
derivative instrument and therefore are considered to contain an “embedded” derivative instrument.
The indices on which the performance of the hybrid instrument is calculated are not clearly and
closely related to the host debt instrument. In accordance with FAS 133, the “embedded” derivative
is separated from the host contract and accounted for as a free-standing derivative.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">The following table shows the net gains (losses) recognized in the income statement related to
derivatives not designated as hedging instruments under FAS 133.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="9" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Quarter ended</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Six months ended</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">June 30, 2009</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">June 30, 2009</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Free-standing derivatives (economic hedges)</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Interest rate contracts (1)
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Recognized in noninterest income:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px">Mortgage banking
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">692</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,056</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:60px; text-indent:-15px">Other
</div></td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Foreign exchange contracts
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(98</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(18</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Equity contracts
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Credit contracts
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(56</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(114</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:75px; text-indent:-15px">Subtotal
</div></td>
<td> </td>
<td> </td>
<td align="right">542</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,925</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Customer accommodation, trading and other free-standing derivatives</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Interest rate contracts (2)
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Recognized in noninterest income:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:60px; text-indent:-15px">Mortgage banking
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(203</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">810</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px">Other
</div></td>
<td> </td>
<td> </td>
<td align="right">86</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">399</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Commodity contracts
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(27</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(39</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Equity contracts
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(58</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(181</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Foreign exchange contracts
</div></td>
<td> </td>
<td> </td>
<td align="right">145</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">258</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Credit contracts
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(352</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(98</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Other
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(13</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(176</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:75px; text-indent:-15px">Subtotal
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(422</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">973</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:90px; text-indent:-15px">Total
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">120</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,898</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="9" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Predominantly mortgage banking noninterest income including gains (losses) on the
derivatives used as economic hedges of MSRs, interest rate lock commitments, loans held for sale
and mortgages held for sale.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Predominantly mortgage banking noninterest income including gains (losses) on interest rate
lock commitments.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Credit Derivatives</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We use credit derivatives to manage exposure to credit risk related to proprietary trading and to
assist customers with their risk management objectives. This may include protection sold to offset
purchased protection in structured product transactions, as well as liquidity agreements written to
special purpose vehicles. The maximum exposure of sold credit derivatives is managed through posted
collateral, purchased credit derivatives and similar products in order to achieve our desired
credit risk profile. This credit risk management provides an ability to recover a significant
portion of any amounts that would be paid under the sold credit derivatives. We would be required
to perform under the noted credit derivatives
in the event of default by the referenced obligors. Events of default include events such as
bankruptcy, capital restructuring or lack of principal and/or interest payment. In certain cases,
other triggers may exist, such as the credit downgrade of the referenced obligors or the inability
of the special purpose vehicle for which we have provided liquidity to obtain funding.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">The following table provides details of sold and purchased credit derivatives.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="29" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="23%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="18" style="border-bottom: 1px solid #000000">Notional amount</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Protection</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Net</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">purchased</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">protection</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">with</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">(sold)/</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Other</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Non-</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Fair value</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Protection</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">identical</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">purchased</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">protection</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">investment</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Range of</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">liability</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">sold (A)</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">underlyings (B)</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">(A) - (B)</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">purchased</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">grade</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">maturities</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">December 31, 2008
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Credit default swaps on:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Corporate bonds
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">9,643</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">83,446</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">31,413</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">52,033</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">50,585</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">39,987</td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">2009-2018</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Structured products
</div></td>
<td> </td>
<td> </td>
<td align="right">4,940</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,451</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,061</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,390</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,559</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,824</td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">2009-2056</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Credit protection on:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Credit default swap index
</div></td>
<td> </td>
<td> </td>
<td align="right">2,611</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">35,943</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,606</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">31,337</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">31,410</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,364</td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">2009-2017</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Commercial mortgage-
backed securities index
</div></td>
<td> </td>
<td> </td>
<td align="right">2,231</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,291</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,521</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,770</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,919</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,938</td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">2009-2052</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Asset-backed securities index
</div></td>
<td> </td>
<td> </td>
<td align="right">1,331</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,526</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">235</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,291</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">803</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,116</td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">2037-2046</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Loan deliverable credit
default swaps
</div></td>
<td> </td>
<td> </td>
<td align="right">106</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">611</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">281</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">330</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,033</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">592</td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">2009-2014</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other
</div></td>
<td> </td>
<td> </td>
<td align="right">18</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">845</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">21</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">824</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">150</td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">2009-2020</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Total credit derivatives
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">20,880</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">137,113</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">43,138</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">93,975</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">94,309</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">56,971</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>June 30, 2009</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Credit default swaps on:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Corporate bonds</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>5,133</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>69,747</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>24,503</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>45,244</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>45,567</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>34,433</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right"><b>2009-2018</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Structured products</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>5,021</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6,147</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,075</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,072</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,846</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,717</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right"><b>2009-2056</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Credit protection on:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Default swap index</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,235</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>21,672</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,011</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>17,661</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>19,076</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,178</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right"><b>2009-2017</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Commercial mortgage-
backed securities index</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,352</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,713</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,111</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,602</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,302</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>63</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right"><b>2009-2052</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Asset-backed securities index</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>875</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,008</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>232</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>776</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>705</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>611</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right"><b>2037-2046</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Loan deliverable credit
default swaps</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>48</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>542</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>266</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>276</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>516</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>534</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right"><b>2009-2014</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Other</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,560</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,555</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>110</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>909</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right"><b>2009-2020</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Total credit derivatives</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>14,667</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>105,389</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>34,203</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>71,186</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>74,122</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>46,445</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="29" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The amounts under non-investment grade represent the notional amounts of those credit
derivatives on which we have a higher performance risk, or higher risk of being required to perform
under the terms of the credit derivative and is a function of the underlying assets. We consider
the risk of performance to be high if the underlying assets under the credit derivative have an
external rating that is below investment grade or an internal credit default grade that is
equivalent thereto. Protection sold represents the estimated maximum exposure to loss that would be
incurred under an assumed hypothetical circumstance, despite what we believe is its extremely remote possibility,
where the value of our interests and any associated collateral declines to zero, without any
consideration of recovery or offset from any economic hedges. Accordingly, this required disclosure
is not an indication of expected loss. We believe the net protection (sold)/purchased, which is
representative of the net notional amount of protection sold and purchased with identical
underlyings, in combination with other protection purchased, is more representative of our exposure
to loss than either non-investment grade or protection sold. Other protection purchased represents
additional protection, which may offset the exposure to loss for protection sold, that was not
purchased with an identical underlying of the protection sold.
</div>
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</div>
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Credit-Risk Contingent Features</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Certain of our derivative contracts contain provisions whereby if the credit rating of our debt,
based on certain major credit rating agencies indicated in the relevant contracts, were to fall
below investment grade, the counterparty could demand additional collateral or require termination
or replacement of derivative instruments in a net liability position. The aggregate fair value of
all derivative instruments with such credit-risk-related contingent features that are in a net
liability position on June 30, 2009, was $12.7 billion for which we have posted $11.9 billion
collateral in the normal course of business. If the credit-risk-related contingent features
underlying these agreements were triggered on June 30, 2009, we would be required to post
additional collateral of $1.0 billion or potentially settle the contract in an amount equal to its
fair value.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Counterparty Credit Risk</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">By using derivatives, we are exposed to counterparty credit risk if counterparties to the
derivative contracts do not perform as expected. If a counterparty fails to perform, our
counterparty credit risk is equal to the amount reported as a derivative asset in our balance
sheet. The amounts reported as a derivative asset are derivative contracts in a gain position, and
to the extent subject to master netting arrangements, net of derivatives in a loss position with
the same counterparty and cash collateral received. We minimize counterparty credit risk through
credit approvals, limits, monitoring procedures, executing master netting arrangements and
obtaining collateral, where appropriate. To the extent the master netting arrangements and other
criteria meet the requirements of FASB Interpretation No. 39, <i>Offsetting of Amounts Related to
Certain Contracts</i>, as amended by FSP FIN 39-1, derivatives balances and related cash collateral
amounts are shown net in the balance sheet. Counterparty credit risk related to derivatives is
considered in determining fair value.
</div>
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</div>
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
</div>
</div>
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<head></head>
<body>
<!-- Begin Block Tagged Note 12 - us-gaap:FairValueByBalanceSheetGroupingTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>12. FAIR VALUES OF ASSETS AND LIABILITIES</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We use fair value measurements to record fair value adjustments to certain assets and liabilities
and to determine fair value disclosures. Trading assets, securities available for sale,
derivatives, prime residential mortgages held for sale (MHFS), certain commercial loans held for
sale (LHFS), residential MSRs, principal investments and securities sold but not yet purchased
(short sale liabilities) are recorded at fair value on a recurring basis. Additionally, from time
to time, we may be required to record at fair value other assets on a nonrecurring basis, such as
nonprime residential and commercial MHFS, certain LHFS, loans held for investment and certain other
assets. These nonrecurring fair value adjustments typically involve application of
lower-of-cost-or-market accounting or write-downs of individual assets.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We adopted FSP FAS 157-4 effective January 1, 2009. The FSP addresses measuring fair value under
FAS 157 in situations where markets are inactive and transactions are not orderly. Under the
provisions of the FSP, transaction or quoted prices for assets or liabilities in inactive markets
may require adjustment due to the uncertainty whether the underlying transactions are orderly.
Prior to adoption of the FSP, we primarily used unadjusted independent vendor or broker quoted
prices to measure fair value for substantially all securities available for sale. In connection
with the adoption of this FSP, we developed policies and procedures to determine when the level and
volume of activity for our assets and liabilities requiring fair value measurements has
significantly declined relative to normal conditions. For such items that use price quotes, such as
certain security classes within securities available for sale, the degree of market inactivity and
distressed transactions was analyzed to determine the appropriate adjustment to the price quotes.
The security classes where we considered the market to be less orderly included non-agency
residential mortgage-backed securities, commercial mortgage-backed securities, collateralized debt
obligations, home equity asset-backed securities, auto asset-backed securities and credit
card-backed securities. The methodology used to adjust the quotes involved weighting the price
quotes and results of internal pricing techniques such as the net present value of future expected
cash flows (with observable inputs, where available) discounted at a rate of return market
participants require. The significant inputs utilized in the internal pricing techniques, which
were estimated by type of underlying collateral, included credit loss assumptions, estimated
prepayment speeds and appropriate discount rates. The more active and orderly markets for
particular security classes were determined to be, the more weighting assigned to price quotes. The
less active and orderly markets were determined to be, the less weighting assigned to price quotes.
For the impact of adoption of FSP FAS 157-4, see Note 1 in this Report.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Under FAS 159, we elected to measure MHFS at fair value prospectively for new prime residential
MHFS originations, for which an active secondary market and readily available market prices existed
to reliably support fair value pricing models used for these loans. We also elected to remeasure at
fair value certain of our other interests held related to residential loan sales and
securitizations. We believe the election for MHFS and other interests held (which are now hedged
with free-standing derivatives (economic hedges) along with our MSRs) reduces certain timing
differences and better matches changes in the value of these assets with changes in the value of
derivatives used as economic hedges for these assets.
</div>
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</div>
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Fair Value Hierarchy</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Under FAS 157, we group our assets and liabilities at fair value in three levels, based on the
markets in which the assets and liabilities are traded and the reliability of the assumptions used
to determine fair value. These levels are:
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="1%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Level 1 – Valuation is based upon quoted prices for identical instruments traded
in active markets.</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="1%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Level 2 – Valuation is based upon quoted prices for similar instruments in active
markets, quoted prices for identical or similar instruments in markets that are not active,
and model-based valuation techniques for which all significant assumptions are observable in
the market.</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="1%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Level 3 – Valuation is generated from model-based techniques that use significant
assumptions not observable in the market. These unobservable assumptions reflect estimates of
assumptions that market participants would use in pricing the asset or liability. Valuation
techniques include use of option pricing models, discounted cash flow models and similar
techniques.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Upon the acquisition of Wachovia, we elected to measure at fair value certain portfolios of LHFS
that we intend to hold for trading purposes and that may be economically hedged with derivative
instruments. In addition, we elected to measure at fair value certain letters of credit that are
hedged with derivative instruments to better reflect the economics of the transactions. These
letters of credit are included in trading account assets or liabilities.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Determination of Fair Value</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Under FAS 157, we base our fair values on the price that would be received to sell an asset or paid
to transfer a liability in an orderly transaction between market participants at the measurement
date. It is our policy to maximize the use of observable inputs and minimize the use of
unobservable inputs when developing fair value measurements, in accordance with the fair value
hierarchy in FAS 157.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">In instances where there is limited or no observable market data, fair value measurements for
assets and liabilities are based primarily upon our own estimates or combination of our own estimates and independent vendor or broker pricing, and the measurements are often
calculated based on current pricing policy, the economic and competitive environment, the
characteristics of the asset or liability and other such factors. Therefore, the results cannot be
determined with precision and may not be realized in an actual sale or immediate settlement of the
asset or liability. Additionally, there may be inherent weaknesses in any calculation technique,
and changes in the underlying assumptions used, including discount rates and estimates of future
cash flows, that could significantly affect the results of current or future values.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We incorporate lack of
liquidity into our fair value measurement based on the type of asset
measured and the valuation methodology used. For example, for residential mortgage loans held for
sale and certain securities where the significant inputs have become unobservable due to the
illiquid markets and vendor or broker pricing is not used, we use a discounted cash flow technique to measure fair value. This technique
incorporates forecasting of expected cash flows discounted at an appropriate market discount rate
to reflect the lack of liquidity in the market that a market participant would consider. For other
securities where vendor or broker pricing is used, we use either
unadjusted broker quotes or vendor prices or vendor or broker prices adjusted by weighting them with internal discounted cash flow techniques
to measure fair value. These unadjusted or adjusted vendor or broker prices
inherently reflect any lack of liquidity in the market as the fair value measurement represents an
exit price from a market participant viewpoint.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Following
are descriptions of the valuation methodologies used for assets and liabilities recorded at
fair value and for estimating fair value for financial instruments not recorded at fair value (FAS
107, <i>Disclosures about Fair Value of Financial Statements</i>, disclosures).
</div>
<!-- Folio -->
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</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Assets</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Short-term financial assets</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Short-term financial assets include cash and due from banks, federal funds sold and securities
purchased under resale agreements and due from customers on acceptances. These assets are carried
at historical cost. The carrying amount is a reasonable estimate of fair value because of the
relatively short time between the origination of the instrument and its expected realization.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Trading assets and Securities available for sale</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Trading assets and securities available for sale are recorded at fair value on a recurring basis.
Fair value measurement is based upon quoted prices, if available. Such instruments are classified
within Level 1 of the fair value hierarchy. Examples include exchange-traded equity securities and
some highly liquid government securities such as U.S. Treasuries.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">When instruments are traded in secondary markets and quoted market prices do not exist for such
securities, we generally rely on internal valuation techniques or on prices obtained from
independent pricing services or brokers (collectively, vendors) or
combination thereof. Trading assets and liabilities are
typically valued using trader prices that are subject to independent price verification procedures.
The majority of fair values derived using internal valuation techniques are verified against
multiple pricing sources, including prices obtained from independent vendors. Vendors compile
prices from various sources and often apply matrix pricing for similar securities when no price is
observable. We review pricing methodologies provided by the vendors in order to determine if
observable market information is being used, versus unobservable inputs. When evaluating the
appropriateness of an internal trader price compared to vendor prices, considerations include the
range and quality of vendor prices. Vendor prices are used to ensure the reasonableness of a trader
price; however valuing financial instruments involves judgments acquired from knowledge of a
particular market and is not perfunctory. If a trader asserts that a vendor price is not reflective
of market value, justification for using the trader price, including recent sales activity where
possible, must be provided to and approved by the appropriate levels of management. Similarly,
while securities available for sale traded in secondary markets are
typically valued using
unadjusted vendor prices or vendor prices adjusted by weighting them
with internal discounted cash flow techniques, these prices are reviewed and, if deemed inappropriate by a trader who has the most
knowledge of a particular market, can be adjusted. Securities measured with these internal
valuation techniques are generally classified as Level 2 of the hierarchy and often involve using
quoted market prices for similar securities, pricing models or discounted cash flow analyses using
significant inputs observable in the market where available or combination of
multiple valuation techniques. Examples include certain residential
and commercial mortgage-backed securities, municipal bonds,
U.S. government and agency mortgage-backed securities, and corporate debt securities.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">
Security fair value measurements using significant inputs that are unobservable in the market due to
limited activity or a less liquid market are classified as Level 3 in the fair value hierarchy. Such
measurements include securities valued using internal models or combination of multiple valuation
techniques such as weighting of internal models and vendor or broker pricing, where the unobservable
inputs are significant to the overall fair value measurement.. Securities classified as Level 3 include
certain residential and commercial mortgage-backed securities, asset-backed securities collateralized by
auto leases and cash reserves, collateralized debt obligations (CDOs) and collateralized loan obligations
(CLOs), and certain residual and retained interests in residential mortgage loan securitizations. CDOs are
valued using the prices of similar instruments, the pricing of completed or pending third party transactions
or the pricing of the underlying collateral within the CDO. Where prices are not readily available, management’s best
estimate is used.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Mortgages held for sale (MHFS)</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Under FAS 159, we elected to carry our new prime residential MHFS portfolio at fair value. The
remaining MHFS are carried at the lower of cost or market value. Fair value is based on independent
quoted market prices, where available, or the prices for other mortgage whole loans with similar
characteristics. As necessary, these prices are adjusted for typical securitization activities,
including servicing value, portfolio composition, market conditions and liquidity. Most of our MHFS
are classified
as Level 2. For the portion where market pricing data is not available, we use a discounted cash
flow model to estimate fair value and, accordingly, classify as Level 3.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Loans held for sale (LHFS)</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Loans held for sale are carried at the lower of cost or market value, or at fair value for certain
portfolios that we intend to hold for trading purposes. The fair value of LHFS is based on what
secondary markets are currently offering for portfolios with similar characteristics. As such, we
classify those loans subjected to nonrecurring fair value adjustments as Level 2.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Loans</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">For the carrying value of loans, including loans accounted for under SOP 03-3, see Note 1 – Loans.
We do not record loans at fair value on a recurring basis. As such, valuation techniques discussed
herein for loans are primarily for estimating fair value for FAS 107 disclosure purposes. However,
from time to time, we record nonrecurring fair value adjustments to loans to reflect (1) partial
write-downs that are based on the observable market price or current appraised value of the
collateral, or (2) the full charge-off of the loan carrying value.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The fair value estimates for FAS 107 purposes differentiate loans based on their financial
characteristics, such as product classification, loan category, pricing features and remaining
maturity. Prepayment and credit loss estimates are evaluated by product and loan rate.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The fair value of commercial and commercial real estate loans is calculated by discounting
contractual cash flows, adjusted for credit loss estimates, using discount rates that reflect our
current pricing for loans with similar characteristics and remaining maturity.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">For real estate 1-4 family first and junior lien mortgages, fair value is calculated by discounting
contractual cash flows, adjusted for prepayment and credit loss estimates, using discount rates
based on current industry pricing (where readily available) or our own estimate of an appropriate
risk-adjusted discount rate for loans of similar size, type, remaining maturity and repricing
characteristics.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">For credit card loans, the portfolio’s yield is equal to our current pricing and, therefore, the
fair value is equal to book value adjusted for estimates of credit losses inherent in the portfolio
at the balance sheet date.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">For all other consumer loans, the fair value is generally calculated by discounting the contractual
cash flows, adjusted for prepayment and credit loss estimates, based on the current rates we offer
for loans with similar characteristics.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Loan commitments, standby letters of credit and commercial and similar letters of credit are not
included in the FAS 107 table on page 120. These instruments generate ongoing fees at our current
pricing levels, which are recognized over the term of the commitment period. In situations where
the credit quality of the counterparty to a commitment has declined, we record a reserve. A
reasonable estimate of the fair value of these instruments is the carrying value of deferred fees
plus the related reserve. This amounted to $549 million and $719 million at June 30, 2009, and
December 31, 2008, respectively. Certain letters of credit that are hedged with derivative
instruments are carried at fair value in trading assets or liabilities. For those letters of credit
fair value is calculated based on readily quotable credit default spreads, using a market risk
credit default swap model.
</div>
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</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Derivatives</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Quoted market prices are available and used for our exchange-traded derivatives, such as certain
interest rate futures and option contracts, which we classify as Level 1. However, substantially
all of our derivatives are traded in over-the-counter (OTC) markets where quoted market prices are
not readily available. OTC derivatives are valued using internal valuation techniques. Valuation
techniques and inputs to internally-developed models depend on the type of derivative and nature of
the underlying rate, price or index upon which the derivative’s value is based. Key inputs can
include yield curves, credit curves, foreign-exchange rates, prepayment rates, volatility
measurements and correlation of such inputs. Where model inputs can be observed in a liquid market
and the model does not require significant judgment, such derivatives are typically classified as
Level 2 of the fair value hierarchy. Examples of derivatives classified as Level 2 include generic
interest rate swaps, foreign currency swaps, commodity swaps, and option contracts. When
instruments are traded in less liquid markets and significant inputs are unobservable, such
derivatives are classified as Level 3. Examples of derivatives classified as Level 3 include
complex and highly structured derivatives, credit default swaps, interest rate lock commitments
written for our residential mortgage loans that we intend to sell and long dated equity options
where volatility is not observable. Additionally, significant judgments are required when
classifying financial instruments within the fair value hierarchy, particularly between Level 2 and
3, as is the case for certain derivatives.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Mortgage servicing rights and certain other interests held in securitizations</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Mortgage servicing rights (MSRs) and certain other interests held in securitizations (e.g.,
interest-only strips) do not trade in an active market with readily observable prices. Accordingly,
we determine the fair value of MSRs using a valuation model that calculates the present value of
estimated future net servicing income. The model incorporates assumptions that market participants
use in estimating future net servicing income, including estimates of prepayment speeds (including
housing price volatility), discount rate, cost to service (including delinquency and foreclosure
costs), escrow account earnings, contractual servicing fee income, ancillary income and late fees.
Commercial MSRs are carried at lower of cost or market value, and therefore can be subject to fair
value measurements on a nonrecurring basis. For other interests held in securitizations (such as
interest-only strips) we use a valuation model that calculates the present value of estimated
future cash flows. The model incorporates our own estimates of assumptions market participants use
in determining the fair value, including estimates of prepayment speeds, discount rates, defaults
and contractual fee income. Interest-only strips are recorded as trading assets. Fair value
measurements of our MSRs and interest-only strips use significant unobservable inputs and,
accordingly, we classify as Level 3.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Foreclosed assets</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Foreclosed assets include foreclosed properties securing residential, auto and Government National
Mortgage Association loans. Foreclosed assets are adjusted to fair value less costs to sell upon
transfer of the loans to foreclosed assets. Subsequently, foreclosed assets are carried at the
lower of carrying value or fair value less costs to sell. Fair value is generally based upon
independent market prices or appraised values of the collateral and, accordingly, we classify
foreclosed assets as Level 2.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Nonmarketable equity investments</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Nonmarketable equity investments are recorded under the cost or equity method of accounting.
Nonmarketable equity securities that fall within the scope of the AICPA Investment Company Audit
Guide are carried at fair value (principal investments). There are generally restrictions on the
sale and/or liquidation of these investments, including federal bank stock. Federal bank stock
carrying value approximates fair value. We use facts and circumstances available to estimate the
fair value of our nonmarketable equity investments. We typically consider our access to and need
for capital (including recent or projected financing activity), qualitative assessments of the
viability of the investee, evaluation of the financial statements of the investee and prospects for
its future. Principal investments, including
certain public equity and non-public securities and certain investments in private equity funds,
are recorded at fair value with realized and unrealized gains and losses included in gains and
losses on equity investments in the income statement, and are included in other assets on the
balance sheet. Public equity investments are valued using quoted market prices and discounts are
only applied when there are trading restrictions that are an attribute of the investment.
Investments in non-public securities are recorded at our estimate of fair value using metrics such
as security prices of comparable public companies, acquisition prices for similar companies and
original investment purchase price multiples, while also incorporating a portfolio company’s
financial performance and specific factors. For investments in private equity funds, we use the net
asset value (NAV) provided by the fund sponsor as an appropriate measure of fair value. In some
cases, such NAVs require adjustments based on certain unobservable inputs.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Liabilities</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Deposit liabilities</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Deposit liabilities are carried at historical cost. FAS 107 states that the fair value of deposits
with no stated maturity, such as noninterest-bearing demand deposits, interest-bearing checking,
and market rate and other savings, is equal to the amount payable on demand at the measurement
date. The fair value of other time deposits is calculated based on the discounted value of
contractual cash flows. The discount rate is estimated using the rates currently offered for like
wholesale deposits with similar remaining maturities.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Short-term financial liabilities</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Short-term financial liabilities are carried at historical cost and include federal funds purchased
and securities sold under repurchase agreements, commercial paper and other short-term borrowings.
The carrying amount is a reasonable estimate of fair value because of the relatively short time
between the origination of the instrument and its expected realization.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Other liabilities</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Other liabilities recorded at fair value on a recurring basis, excluding derivative liabilities
(see the “<i>Derivatives</i>” section for derivative liabilities), includes short sale liabilities and
repurchase obligations (due to standard representations and warranties) under our residential
mortgage loan contracts. Short sale liabilities are classified as either Level 1 or Level 2,
generally dependent upon whether the underlying securities have readily obtained quoted prices in
active exchange markets. The value of the repurchase obligations is determined using a cash flow
valuation technique consistent with what market participants would use in estimating the fair
value. Key assumptions in the valuation process are estimates for repurchase demands and losses
subsequent to repurchase. Such assumptions are unobservable and, accordingly, we classify
repurchase obligations as Level 3.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Long-term debt</i>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Long-term debt is carried at amortized cost. However, we are required to estimate the fair value of
long-term debt under FAS 107. Generally, the discounted cash flow method is used to estimate the
fair value of our long-term debt. Contractual cash flows are discounted using rates currently
offered for new notes with similar remaining maturities and, as such, these discount rates include
our current spread levels. The fair value estimates generated are corroborated against observable
market prices. For foreign-currency denominated debt, we estimate fair value based upon observable
market prices for the instruments.
</div>
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</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">The table below presents the balances of assets and liabilities measured at fair value on a
recurring basis.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="21" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="40%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Level 1</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Level 2</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Level 3</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Netting (1)</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Total</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Balance at December 31, 2008
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Trading assets (excluding derivatives)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">911</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16,045</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,495</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">20,451</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Derivatives (trading assets)
</div></td>
<td> </td>
<td> </td>
<td align="right">331</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">174,355</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,897</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(148,150</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">34,433</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Securities of U.S. Treasury and federal agencies
</div></td>
<td> </td>
<td> </td>
<td align="right">3,177</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">72</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,249</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Securities of U.S. states and political subdivisions
</div></td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,754</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">903</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12,658</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Mortgage-backed securities:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Federal agencies
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">66,430</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">66,434</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Residential
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">21,320</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,510</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">24,830</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Commercial
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,192</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">286</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,478</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Total mortgage-backed securities
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">95,942</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,800</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">99,742</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Corporate debt securities
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,642</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">282</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,924</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Collateralized debt obligations
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,083</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,085</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Other
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,976</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12,799</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">20,775</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px">Total debt securities
</div></td>
<td> </td>
<td> </td>
<td align="right">3,178</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">122,388</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19,867</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">145,433</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Marketable equity securities:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Perpetual preferred securities
</div></td>
<td> </td>
<td> </td>
<td align="right">886</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,065</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,775</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,726</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Other marketable equity securities
</div></td>
<td> </td>
<td> </td>
<td align="right">1,099</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">261</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">50</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,410</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px">Total marketable equity securities
</div></td>
<td> </td>
<td> </td>
<td align="right">1,985</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,326</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,825</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,136</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:75px; text-indent:-15px">Total
</div></td>
<td> </td>
<td> </td>
<td align="right">5,163</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">123,714</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">22,692</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">151,569</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Mortgages held for sale
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14,036</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,718</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">18,754</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Loans held for sale
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">398</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">398</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Mortgage servicing rights (residential)
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14,714</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14,714</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Other assets (2)
</div></td>
<td> </td>
<td> </td>
<td align="right">3,975</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">21,751</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,041</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(20,540</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">7,227</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:90px; text-indent:-15px">Total
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">10,380</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">350,299</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">55,557</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(168,690</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">247,546</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Other liabilities (3)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(4,815</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(187,098</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(9,308</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">182,435</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(18,786</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Balance at June 30, 2009</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Trading assets (excluding derivatives)</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>2,930</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>14,514</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,475</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>19,919</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Derivatives (trading assets)</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>332</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>92,105</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7,071</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(79,317</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>20,191</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Securities of U.S. Treasury and federal agencies</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,189</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,328</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,517</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Securities of U.S. states and political subdivisions</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>11,473</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>905</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>12,378</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Mortgage-backed securities:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Federal agencies</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>114,844</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>114,844</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Residential</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>26,611</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,913</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>32,524</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Commercial</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7,608</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,615</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>10,223</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px"><b>Total mortgage-backed securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>149,063</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>8,528</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>157,591</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Corporate debt securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>8,527</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>286</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>8,813</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Collateralized debt obligations</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,748</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,748</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Other</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,121</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>15,718</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>16,839</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:60px; text-indent:-15px"><b>Total debt securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,189</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>171,512</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>28,185</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>200,886</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Marketable equity securities:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Perpetual preferred securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>657</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>690</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,716</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,063</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Other marketable equity securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,274</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>445</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>127</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,846</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:60px; text-indent:-15px"><b>Total marketable equity securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,931</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,135</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,843</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,909</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:75px; text-indent:-15px"><b>Total</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>3,120</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>172,647</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>31,028</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>206,795</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Mortgages held for sale</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>36,091</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,099</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>40,190</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Loans held for sale</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>141</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>141</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Mortgage servicing rights (residential)</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>15,690</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>15,690</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Other assets </b>(2)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>3,133</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>13,836</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,844</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(8,463</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>10,350</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:90px; text-indent:-15px"><b>Total</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>9,515</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>329,334</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>62,207</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(87,780</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>313,276</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Other liabilities </b>(3)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"><b>$</b></td>
<td align="right"><b>(8,693</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(100,834</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(8,747</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>97,261</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(21,013</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Derivatives are reported net of cash collateral received and paid and, to the extent that
the criteria of FIN 39 are met, positions with the same counterparty
are netted as part of a legally enforceable master netting agreement.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Derivative assets other than trading and principal investments are included in this category.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(3)</td>
<td> </td>
<td>Derivative liabilities other than trading are included in this category.</td>
</tr>
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">The changes in Level 3 assets and liabilities measured at fair value on a recurring basis are
summarized as follows:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="29" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="23%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Net unrealized</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6">Total net gains</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Purchases,</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">gains (losses)</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">(losses) included in</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">sales,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Net</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">included in net</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Other</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">issuances</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">transfers</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">income related</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Balance,</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">compre-</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">and</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">into and/</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Balance,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">to assets and</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">beginning</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Net</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">hensive</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">settlements,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">or out of</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">end</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">liabilities held</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">of period</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">income</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">income</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">net</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Level 3 (1)</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">of period</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">at period end (2)</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Quarter ended June 30, 2008
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Trading assets (excluding derivatives)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">362</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">181</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">547</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">207</td>
<td nowrap="nowrap">(3)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Securities available for sale:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Securities of U.S. states and political subdivisions
</div></td>
<td> </td>
<td> </td>
<td align="right">166</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(10</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">9</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">278</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">443</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(20</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Mortgage-backed securities:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Federal agencies
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Residential
</div></td>
<td> </td>
<td> </td>
<td align="right">556</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(69</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(43</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">450</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(64</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Commercial
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:60px; text-indent:-15px">Total mortgage-backed securities
</div></td>
<td> </td>
<td> </td>
<td align="right">556</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(69</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(43</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">457</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(64</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Corporate debt securities
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Collateralized debt obligations
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Other
</div></td>
<td> </td>
<td> </td>
<td align="right">5,961</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(329</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">628</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,443</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,703</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:75px; text-indent:-15px">Total debt securities
</div></td>
<td> </td>
<td> </td>
<td align="right">6,683</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(69</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(382</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">638</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,733</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,603</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(84</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Marketable equity securities:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Perpetual preferred securities
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Other marketable equity securities
</div></td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:75px; text-indent:-15px">Total marketable equity securities
</div></td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:90px; text-indent:-15px">Total securities available for sale
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">6,684</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(69</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(382</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">638</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,733</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,604</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(84</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Mortgages held for sale
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1,260</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(43</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">763</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,296</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,276</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(43</td>
<td nowrap="nowrap">)(4)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Mortgage servicing rights (residential)
</div></td>
<td> </td>
<td> </td>
<td align="right">14,956</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,478</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">899</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19,333</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">4,121</td>
<td nowrap="nowrap">(4)(5)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Net derivative assets and liabilities
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(31</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(311</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">295</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(47</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(42</td>
<td nowrap="nowrap">)(4)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other assets (excluding derivatives)
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Other liabilities (excluding derivatives)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(329</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(35</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(357</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(36</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="top"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Quarter ended June 30, 2009</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Trading assets (excluding derivatives)</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>3,258</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>80</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(875</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>12</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,475</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>99</b></td>
<td nowrap="nowrap">(3)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Securities available for sale:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Securities of U.S. states and political subdivisions</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>821</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>20</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>11</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>53</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>905</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Mortgage-backed securities:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px"><b>Federal agencies</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px"><b>Residential</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>7,657</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>173</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(418</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,498</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>5,913</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(56</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px"><b>Commercial</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,497</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(110</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>246</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(16</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>2,615</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px"><b>Total mortgage-backed securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>10,154</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(111</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>419</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(420</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,514</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>8,528</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(57</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Corporate debt securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>261</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>46</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(6</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(19</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>286</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Collateralized debt obligations</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,329</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(15</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>17</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>102</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>315</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,748</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(46</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Other</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>15,267</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>49</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>427</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>186</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(211</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>15,718</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(21</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:75px; text-indent:-15px"><b>Total debt securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>28,832</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(53</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>920</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(85</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,429</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>28,185</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(119</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Marketable equity securities:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px"><b>Perpetual preferred securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,557</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>16</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>89</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>77</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(23</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>2,716</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px"><b>Other marketable equity securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>44</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>17</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>64</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>127</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:75px; text-indent:-15px"><b>Total marketable equity securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,601</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>16</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>106</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>79</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>41</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,843</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:90px; text-indent:-15px"><b>Total securities available for sale</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>31,433</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(37</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>1,026</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(6</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,388</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>31,028</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(120</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Mortgages held for sale</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>4,516</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(4</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(361</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(52</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>4,099</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(8)</b></td>
<td nowrap="nowrap">(4)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Mortgage servicing rights      (residential)</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>12,391</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,217</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,082</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>15,690</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>2,316</b></td>
<td nowrap="nowrap">(4)(5)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Net derivative assets and liabilities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,036</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(854</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(413</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>25</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(206</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(483)</b></td>
<td nowrap="nowrap">(4)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Other assets (excluding derivatives)</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,221</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(24</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>29</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,226</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(14)</b></td>
<td nowrap="nowrap">(4)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Other liabilities (excluding derivatives)</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(729</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(102</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(19</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(852</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(102</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="29" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>The amounts presented as transfers into and out of Level 3 represent fair value as of the
beginning of the period presented.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Represents only net losses that are due to changes in economic conditions and management’s
estimates of fair value and excludes changes due to the
collection/realization of cash flows over time.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(3)</td>
<td> </td>
<td>Included in other noninterest income in the income statement.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(4)</td>
<td> </td>
<td>Included in mortgage banking in the income statement.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(5)</td>
<td> </td>
<td>Represents total unrealized gains of $2,316 million and $4,132 million, net of gains of nil and
$11 million related to sales, in the second quarter of 2009 and 2008,
respectively.</td>
</tr>
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="29" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td width="23%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="4%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Net unrealized</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6">Total net gains</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Purchases,</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">gains (losses)</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">(losses) included in</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">sales,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Net</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">included in net</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Other</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">issuances</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">transfers</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">income related</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Balance,</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">compre-</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">and</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">into and/</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Balance,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">to assets and</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">beginning</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Net</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">hensive</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">settlements,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">or out of</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">end</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">liabilities held</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">of period</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">income</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">income</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">net</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Level 3 (1)</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">of period</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">at period end (2)</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Six months ended June 30, 2008
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Trading assets (excluding derivatives)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">418</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">113</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">547</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">166</td>
<td nowrap="nowrap">(3)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Securities available for sale:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Securities of U.S. states and political subdivisions
</div></td>
<td> </td>
<td> </td>
<td align="right">168</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(18</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">15</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">278</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">443</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(20</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Mortgage-backed securities:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Federal agencies
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Residential
</div></td>
<td> </td>
<td> </td>
<td align="right">486</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(77</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(25</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">61</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">450</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(68</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Commercial
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:60px; text-indent:-15px">Total mortgage-backed securities
</div></td>
<td> </td>
<td> </td>
<td align="right">486</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(77</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(25</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">61</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">457</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(68</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Corporate debt securities
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Collateralized debt obligations
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Other
</div></td>
<td> </td>
<td> </td>
<td align="right">4,726</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(297</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,831</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,443</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,703</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:75px; text-indent:-15px">Total debt securities
</div></td>
<td> </td>
<td> </td>
<td align="right">5,380</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(77</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(340</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,907</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,733</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,603</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(88</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Marketable equity securities:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Perpetual preferred securities
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Other marketable equity securities
</div></td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:75px; text-indent:-15px">Total marketable equity securities
</div></td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:90px; text-indent:-15px">Total securities available for sale
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">5,381</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(77</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(340</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,907</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,733</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,604</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(88</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Mortgages held for sale
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">146</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(48</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">790</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,388</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,276</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(48</td>
<td nowrap="nowrap">)(4)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Mortgage servicing rights (residential)
</div></td>
<td> </td>
<td> </td>
<td align="right">16,763</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">914</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,656</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19,333</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">2,342</td>
<td nowrap="nowrap">(4)(5)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Net derivative assets and liabilities
</div></td>
<td> </td>
<td> </td>
<td align="right">6</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(490</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">437</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(47</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(48</td>
<td nowrap="nowrap">)(4)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Other assets (excluding derivatives)
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other liabilities (excluding derivatives)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(280</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(101</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">24</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(357</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(101</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="top"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Six months ended June 30, 2009</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Trading assets (excluding derivatives)</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>3,495</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>42</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,398</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>336</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,475</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>82</b></td>
<td nowrap="nowrap">(3)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Securities available for sale:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Securities of U.S. states and political subdivisions</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>903</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>18</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>13</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>46</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(75</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>905</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(6</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Mortgage-backed securities:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px"><b>Federal agencies</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>4</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(4</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px"><b>Residential</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>3,510</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(30</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>884</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(588</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>2,137</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,913</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(151</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px"><b>Commercial</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>286</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(118</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>747</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>49</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,651</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,615</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(11</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:60px; text-indent:-15px"><b>Total mortgage-backed securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>3,800</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(148</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>1,631</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(539</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>3,784</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>8,528</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(162</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Corporate debt securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>282</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>56</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(23</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(31</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>286</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Collateralized debt obligations</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,083</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>55</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>189</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>104</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>317</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,748</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(56</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Other</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>12,799</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>29</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,064</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,657</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>169</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>15,718</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(53</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:75px; text-indent:-15px"><b>Total debt securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>19,867</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(44</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>2,953</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,245</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,164</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>28,185</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(277</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Marketable equity securities:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px"><b>Perpetual preferred securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,775</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>86</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>115</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(234</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(26</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>2,716</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px"><b>Other marketable equity securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>50</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>62</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>16</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>127</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:75px; text-indent:-15px"><b>Total marketable equity securities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,825</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>86</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>114</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(172</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(10</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>2,843</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:90px; text-indent:-15px"><b>Total securities available for sale</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>22,692</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>42</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,067</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,073</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,154</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>31,028</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(278</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="29" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Mortgages held for sale</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>4,718</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(471</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(146</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>4,099</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(9)</b></td>
<td nowrap="nowrap">(4)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Mortgage servicing rights (residential)</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>14,714</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,587</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,563</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>15,690</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(508)</b></td>
<td nowrap="nowrap">(4)(5)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Net derivative assets and liabilities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>37</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(6</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(502</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>265</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(206</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(422)</b></td>
<td nowrap="nowrap">(4)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Other assets (excluding derivatives)</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,231</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(33</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>28</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,226</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(3)</b></td>
<td nowrap="nowrap">(4)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Other liabilities (excluding derivatives)</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(638</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(178</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(34</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(852</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(179</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="29" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>The amounts presented as transfers into and out of Level 3 represent fair value as of the
beginning of the period presented.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Represents only net losses that are due to changes in economic conditions and management’s
estimates of fair value and excludes changes due to the
collection/realization of cash flows over time.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(3)</td>
<td> </td>
<td>Included in other noninterest income in the income statement.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(4)</td>
<td> </td>
<td>Included in mortgage banking in the income statement.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(5)</td>
<td> </td>
<td>Represents total unrealized gains (losses) of $(508) million and $2,334 million, net of losses
of nil and $8 million related to sales, in the first half of 2009 and 2008,
respectively.</td>
</tr>
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">For certain assets and liabilities, we obtain fair value measurements from independent brokers
or independent third party pricing services and record the unadjusted fair value in our financial
statements. The detail by level is shown in the table below. Fair value measurements obtained from
independent brokers or independent third party pricing services that we have adjusted to determine
the fair value recorded in our financial statements are not included in the table below.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr style="font-size: 1px" valign="bottom">
<td colspan="25" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td width="28%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #000000">Independent brokers</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #000000">Third party pricing services</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Level 1</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Level 2</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Level 3</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Level 1</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Level 2</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Level 3</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">December 31, 2008
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Trading assets (excluding derivatives)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">190</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,272</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">917</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,944</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">110</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Derivatives (trading and other assets)
</div></td>
<td> </td>
<td> </td>
<td align="right">3,419</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">106</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">106</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">605</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,635</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Securities available for sale
</div></td>
<td> </td>
<td> </td>
<td align="right">181</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,916</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,681</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,944</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">109,170</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Loans held for sale
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">353</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other liabilities
</div></td>
<td> </td>
<td> </td>
<td align="right">1,105</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">175</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">128</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,208</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,171</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>June 30, 2009</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Trading assets (excluding derivatives)</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1,161</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,420</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>25</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,464</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>26</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Derivatives (trading and other assets)</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>44</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,412</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Securities available for sale</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>372</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,964</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>563</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,594</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>140,425</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>89</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Loans held for sale</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Derivatives (liabilities)</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>70</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,586</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Other liabilities</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>266</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>412</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>9</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>599</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>17</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We may be required, from time to time, to measure certain assets at fair value on a
nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from
application of lower-of-cost-or-market accounting or write-downs of individual assets. For assets
measured at fair value on a nonrecurring basis that were still held in the balance sheet at quarter
end, the following table provides the level of valuation assumptions used to determine each
adjustment and the carrying value of the related individual assets or portfolios at quarter end.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="14" style="border-bottom: 1px solid #000000">Carrying value at period end</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Level 1</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Level 2</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Level 3</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Total</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">December 31, 2008
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Mortgages held for sale
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">521</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">534</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,055</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Loans held for sale
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">338</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">338</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Loans (1)
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,487</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">107</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,594</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Private equity investments
</div></td>
<td> </td>
<td> </td>
<td align="right">134</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">18</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">152</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Foreclosed assets (2)
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">274</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">55</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">329</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Operating lease assets
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">186</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">186</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>June 30, 2009</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Mortgages held for sale</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>983</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>628</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,611</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Loans held for sale</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>693</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>693</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Loans </b>(1)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,263</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>166</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,429</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Private equity investments</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>43</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>43</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Foreclosed assets </b>(2)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>469</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>34</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>503</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Operating lease assets</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>117</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>117</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Represents carrying value of loans for which adjustments are based
on the appraised value of the collateral. The carrying value of
loans fully charged-off, which includes unsecured lines and loans, is zero.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Represents the fair value of foreclosed real estate and other collateral
owned that were measured at fair value subsequent to their initial
classification as foreclosed assets.</td>
</tr>
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 6pt">The following table presents the increase (decrease) in value of certain assets that are measured
at fair value on a nonrecurring basis for which a fair value adjustment has been included in the
income statement, relating to assets held at period end.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="9" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Six months ended June 30,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Mortgages held for sale
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(91</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Loans held for sale
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>119</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Loans (1)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(6,100</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,619</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Private equity investments
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(61</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(19</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Foreclosed assets (2)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(225</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(127</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Operating lease assets
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>(16</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Total
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>(6,282</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,854</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="9" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left">(1)</td>
<td width="1%"> </td>
<td>Represents write-downs of loans based on the appraised value of the collateral.</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left">(2)</td>
<td width="1%"> </td>
<td>Represents the losses on foreclosed real estate and other collateral owned that were measured at fair value subsequent to their initial classification as foreclosed assets.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 12pt"><b>Fair Value Option</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 6pt">The following table reflects the differences between fair value carrying amount of mortgages held
for sale measured at fair value under FAS 159 and the aggregate unpaid principal amount we are
contractually entitled to receive at maturity.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="28%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="25" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #000000"><b>June 30, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #000000">Dec. 31, 2008</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Fair value</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Fair value</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>carrying</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">carrying</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>amount</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">amount</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>less</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">less</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Fair value</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Aggregate</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>aggregate</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Fair value</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Aggregate</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">aggregate</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>carrying</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>unpaid</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>unpaid</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">carrying</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">unpaid</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">unpaid</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>amount</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>principal</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>principal</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">amount</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">principal</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">principal</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Mortgages held for sale
reported at fair value:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total loans
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>40,190</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>40,505</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(315</b></td>
<td nowrap="nowrap"><b>)</b> (1)</td>
<td> </td>
<td> </td>
<td align="right">18,754</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">18,862</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(108</td>
<td nowrap="nowrap">) (1)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Nonaccrual loans
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>201</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>475</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(274</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">152</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">344</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(192</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Loans 90 days or more
past due and still accruing
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>62</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>67</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(5</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">58</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">63</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Loans held for sale
reported at fair value:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total loans
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>141</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>146</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(5</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">398</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">760</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(362</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Loans 90 days or more
past due and still accruing
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">17</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(16</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left">(1)</td>
<td width="1%"> </td>
<td>The difference between fair value carrying amount and aggregate unpaid principal includes changes in fair value recorded at and subsequent to funding, gains and losses on the
related loan commitment prior to funding, and premiums on acquired loans.
</td>
</tr>
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 6pt">The assets accounted for under FAS 159 are initially measured at fair value. Gains and losses from
initial measurement and subsequent changes in fair value are recognized in earnings. The changes in
fair values related to initial measurement and subsequent changes in fair value included in
earnings for these assets measured at fair value are shown, by income statement line item, below.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="40%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="21" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Mortgages</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Loans</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Other</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Mortgages</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Other</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>held</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>held</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>interests</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">held</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">interests</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>for sale</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>for sale</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>held</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">for sale</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">held</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Quarter ended June 30,</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Mortgage banking noninterest income:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Net gains on mortgage loan
origination/sales activities (1)
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>630</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">97</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Other noninterest income
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>48</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>96</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">182</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Six months ended June 30,</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Mortgage banking noninterest income:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Net gains on mortgage loan
origination/sales activities (1)
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>2,293</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">849</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Other noninterest income
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>92</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>79</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">115</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left">(1)</td>
<td width="1%"> </td>
<td>Includes changes in fair value of servicing associated with MHFS.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 6pt">Interest income on mortgages held for sale measured at fair value is calculated based on the note
rate of the loan and is recorded in interest income in the income statement.
</div>
<div align="left" style="font-size: 12pt; margin-top: 12pt"><b><i>Disclosures about Fair Value of Financial Instruments</i></b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 6pt">The table below is a summary of fair value estimates for financial instruments, excluding
short-term financial assets and liabilities because carrying amounts approximate fair value, and
excluding financial instruments recorded at fair value on a recurring basis. The carrying amounts
in the following table are recorded in the balance sheet under the indicated captions.
</div>
<div align="left" style="font-size: 12pt; margin-top: 6pt">In accordance with FAS 107, we have not included assets and liabilities that are not financial
instruments in our disclosure, such as the value of the long-term relationships with our deposit,
credit card and trust customers, amortized MSRs, premises and equipment, goodwill and other
intangibles, deferred taxes and other liabilities. The total of the fair value calculations
presented does not represent, and should not be construed to represent, the underlying value of the
Company.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000"><b>June 30, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">December 31, 2008</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Carrying</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Estimated</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Carrying</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Estimated</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>amount</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>fair value</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">amount</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">fair value</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Financial assets</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Mortgages held for sale (1)
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1,801</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,801</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,334</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,333</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Loans held for sale (2)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>5,272</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,362</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,830</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,876</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Loans, net
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>798,578</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>764,268</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">843,817</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">829,603</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Nonmarketable equity investments (cost method)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>8,778</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>8,815</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,146</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,262</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Financial liabilities</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Deposits
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>813,735</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>814,708</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">781,402</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">781,964</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Long-term debt (3)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>229,330</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>228,641</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">267,055</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">266,023</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left">(1)</td>
<td width="1%"> </td>
<td>Balance excludes mortgages held for sale for which the fair value option under FAS 159 was elected, and therefore includes nonprime residential and commercial mortgages
held for sale.</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left">(2)</td>
<td width="1%"> </td>
<td>Balance excludes loans held for sale for which the fair value option under FAS 159 was elected.</td>
</tr>
<tr>
<td style="font-size: 6pt"> </td>
</tr>
<tr valign="top" style="font-size: 10pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left">(3)</td>
<td width="1%"> </td>
<td>The carrying amount and fair value exclude obligations under capital leases of $86 million at June 30, 2009, and $103 million at December 31, 2008.</td>
</tr>
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
</div>
</div>
</body>
</html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<html>
<head></head>
<body>
<!-- Begin Block Tagged Note 13 - us-gaap:ScheduleOfStockByClassTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>13. PREFERRED STOCK</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We are authorized to issue 20 million shares of preferred stock and 4 million shares of preference
stock, both without par value. Preferred shares outstanding rank senior to common shares both as to
dividends and liquidation preference but have no general voting rights. We have not issued any
preference shares under this authorization.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The following table provides detail of preferred stock.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="28%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="25" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000"><b>June 30, 2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Dec. 31, 2008</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Shares</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>issued and</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Carrying</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Carrying</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions, except shares)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>outstanding</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Par value</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>value</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Discount</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">value</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Discount</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Series D </b>(1)
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fixed Rate Cumulative Perpetual Preferred
Stock, Series D, $1,000,000 liquidation
preference per share, 25,000 shares authorized
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>25,000</b></td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>25,000</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>22,939</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,061</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">22,741</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,259</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>DEP Shares</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Dividend Equalization
Preferred Shares,
$10 liquidation preference per share, 97,000
shares authorized
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>96,546</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Series J </b>(1)(2)
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">8.00% Non-Cumulative Perpetual Class A
Preferred Stock, Series J, $1,000 liquidation
preference per share, 2,300,000 shares authorized
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,150,375</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,150</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,995</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>155</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,995</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">155</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Series K </b>(1)(2)
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">7.98% Fixed-to-Floating Non-Cumulative
Perpetual Class A Preferred Stock, Series K,
$1,000 liquidation preference per share, 3,500,000
shares authorized
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>3,352,000</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,352</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,876</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>476</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,876</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">476</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Series L </b>(1)(2)
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">7.50% Non-Cumulative Perpetual Convertible
Class A Preferred
Stock, Series L, $1,000
liquidation preference per share, 4,025,000
shares authorized
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>3,968,000</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,968</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,200</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>768</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,200</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">768</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Total
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>9,591,921</b></td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>34,470</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>31,010</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,460</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">30,812</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,658</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Series D, J, K and L preferred shares qualify as Tier 1 capital.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>In conjunction with the acquisition of Wachovia, at December 31, 2008, shares of Series J, K
and L perpetual preferred stock were converted into
shares of a corresponding series of Wells Fargo preferred stock having substantially the same
rights and preferences. The carrying value is par value
adjusted to fair value in purchase accounting.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">In addition to the preferred stock issued and outstanding described in the table above, we
have the following preferred stock authorized with no shares issued and outstanding:
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Series A — Non-Cumulative Perpetual Preferred Stock, Series A, $100,000 liquidation
preference per share, 25,001 shares authorized</td>
</tr>
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Series B — Non-Cumulative Perpetual Preferred Stock, Series B, $100,000 liquidation
preference per share, 17,501 shares authorized</td>
</tr>
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Series G — 7.25% Class A Preferred Stock, Series G, $15,000 liquidation preference per
share, 50,000 shares authorized</td>
</tr>
</table>
</div>
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Series H — Floating Class A Preferred Stock, Series H, $20,000 liquidation preference per
share, 50,000 shares authorized</td>
</tr>
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div style="margin-top: 6pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; text-align: left">
<tr valign="top" style="font-size: 12pt; color: #000000; background: transparent">
<td width="3%" nowrap="nowrap" align="left"><b>•</b></td>
<td width="1%"> </td>
<td>Series I — 5.80% Fixed to Floating Class A Preferred Stock, Series I, $100,000 liquidation
preference per share, 25,010 shares authorized</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><u>Preferred Stock Issued to the Department of the Treasury</u> On October 28, 2008, we
issued to the United States Department of the Treasury 25,000 shares of our Fixed Rate Cumulative
Perpetual Preferred Stock, Series D without par value, having a liquidation preference per share
equal to $1,000,000. The Series D Preferred Stock pays cumulative dividends at a rate of 5% per
year for the first five years and thereafter at a rate of 9% per year. After three years, we may,
at our option, subject to any necessary bank regulatory approval, redeem the Series D Preferred
Stock at par value plus accrued and unpaid dividends. The Series D Preferred Stock is generally
non-voting. Prior to October 28, 2011, unless we have redeemed the Series D Preferred Stock or the
Treasury has transferred all of the Series D Preferred Stock to third parties, the consent of the
Treasury will be required for us to declare or pay any dividends or make any distribution on our
common stock, other than regular quarterly cash dividends not exceeding $0.34 per share or
dividends payable only in shares of our common stock, or repurchase our common stock or other
equity or capital securities, other than in connection with benefit plans consistent with past
practice and certain other circumstances specified in the Securities Purchase Agreement with the
Treasury. Treasury, as part of the preferred stock issuance, received warrants to purchase
approximately 110.3 million shares of Wells Fargo common stock at an initial exercise price of
$34.01 (based on the trailing 20-day Wells Fargo average stock price as of October 10, 2008). The
proceeds from Treasury were allocated based on the relative fair value of the warrants as compared
with the fair value of the preferred stock. The fair value of the warrants was determined using a
third party proprietary pricing model that produces results similar to the Black-Scholes model and
incorporates a valuation model that incorporates assumptions including our common stock price,
dividend yield, stock price volatility and the risk-free interest rate. We determined the fair
value of the preferred stock based on assumptions regarding the discount rate (market rate) on the
preferred stock, which we estimated to be approximately 13% at the date of issuance. The discount
on the preferred stock is being accreted to par value using a constant effective yield of 7.2% over
a five-year term, which is the expected life of the preferred stock.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">In addition, we hold shares of our ESOP (Employee Stock Ownership Plan) Cumulative Convertible
Preferred Stock (ESOP Preferred Stock) that were issued to a trustee acting on behalf of the Wells
Fargo & Company 401(k) Plan. The following table provides detail of our ESOP Preferred Stock.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="28%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="25" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Shares issued and outstanding</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Carrying value</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6">Adjustable</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Dec. 31,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Dec. 31,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">dividend rate</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions, except shares)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Minimum</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Maximum</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>ESOP Preferred Stock </b>(1)
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">2008
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>132,129</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">156,914</td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>132</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">157</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">10.50</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td align="right">11.50</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">2007
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>107,784</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">110,159</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>108</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">110</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10.75</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11.75</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">2006
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>81,449</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">83,249</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>81</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">83</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10.75</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11.75</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">2005
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>61,109</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">62,484</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>61</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">63</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9.75</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10.75</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">2004
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>44,925</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">45,950</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>45</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">46</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8.50</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9.50</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">2003
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>28,568</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">29,218</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>29</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">29</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8.50</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9.50</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">2002
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>18,459</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">18,889</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>18</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10.50</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11.50</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">2001
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>10,178</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10,393</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>10</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10.50</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11.50</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">2000
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,596</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,644</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11.50</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12.50</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Total ESOP Preferred Stock
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>487,197</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">519,900</td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>487</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">520</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Unearned ESOP shares (2)
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"><b>$</b></td>
<td align="right"><b>(520</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(555</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Liquidation preference $1,000. At June 30, 2009 and December 31, 2008, additional paid-in
capital included $33 million and $35 million, respectively,
related to preferred stock.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>In accordance with the AICPA Statement of Position 93-6, <i>Employers’ Accounting for Employee
Stock Ownership Plans</i>, we recorded a corresponding
charge to unearned ESOP shares in connection with the issuance of the ESOP Preferred Stock. The
unearned ESOP shares are reduced as shares of the
ESOP Preferred Stock are committed to be released.</td>
</tr>
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
</div>
</div>
</body>
</html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<html>
<head></head>
<body>
<!-- Begin Block Tagged Note 14 - us-gaap:PensionAndOtherPostretirementBenefitsDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>14. EMPLOYEE BENEFITS</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We sponsor noncontributory qualified defined benefit retirement plans including the Wells Fargo &
Company Cash Balance Plan (Cash Balance Plan), which covers eligible employees of legacy Wells
Fargo, and the Wachovia Corporation Pension Plan (Pension Plan), a cash balance plan that covers
eligible employees of the Wachovia Corporation.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The net periodic benefit cost was:
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="28%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="25" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #000000">2008</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000"><b>Pension benefits</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Pension benefits</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Non-</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Other</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Non-</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Other</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Qualified</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>qualified</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>benefits</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Qualified</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">qualified</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">benefits</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Quarter ended June 30,</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Service cost
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>100</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">73</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest cost
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>149</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>19</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>21</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">69</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Expected return on plan assets
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(160</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(7</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(119</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(10</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Amortization of net actuarial loss
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>48</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Amortization of prior service cost
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Curtailment gain
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(32</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(35</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Net periodic benefit cost
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>105</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(12</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>17</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">23</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Six months ended June 30,</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Service cost
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>207</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>8</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">146</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest cost
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>294</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>38</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>42</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">138</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">20</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Expected return on plan assets
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(323</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(14</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(239</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(20</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Amortization of net actuarial loss
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>154</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Amortization of prior service cost
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Curtailment gain
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(32</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(35</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Net periodic benefit cost
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>300</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>12</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>34</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">45</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">22</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">On April 28, 2009, the Board of Directors approved amendments to freeze the benefits earned
under the Wells Fargo qualified and supplemental Cash Balance Plans and the Pension Plan, and to
merge the Pension Plan into the qualified Cash Balance Plan. These actions became effective on July
1, 2009.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Freezing and merging the above plans resulted in a re-measurement of the pension obligations and
plan assets as of April 30, 2009. Freezing and re-measuring decreased the pension obligations by
approximately $945 million and decreased cumulative other comprehensive income by approximately
$725 million pre tax ($456 million after tax) in second quarter 2009. The re-measurement resulted
in a decrease in the fair value of plan assets of approximately $150 million. We used a discount
rate of 7.75% for the April 30, 2009, re-measurement based on
our consistent methodology of determining our
discount rate based on an established yield curve developed by our outside actuarial firm. This
methodology incorporates a broad group of top quartile Aa or higher rated bonds. We determined the
discount rate by matching this yield curve with the timing and amounts of the expected benefit
payments for our plans.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">As a result of freezing our pension plans, we revised our amortization life for actuarial gains and
losses from five years to 13 years to reflect the estimated average remaining participation period.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">For second quarter 2009, these actions lowered pension cost by approximately $125 million, which
included $67 million of one-time curtailment gains. These actions are expected to reduce pension
cost in the second half of 2009 by approximately $375 million.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">We do not expect that we will be required to make a minimum contribution in 2009 for the Cash
Balance Plan. Our decision on how much to contribute, if any, depends on other factors, including
the actual investment performance of plan assets. Given these uncertainties, we cannot at this time
reliably estimate the amount that we will contribute in 2009 to the Cash Balance Plan.
</div>
<div align="left">
</div>
</div>
</body>
</html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<html>
<head></head>
<body>
<!-- Begin Block Tagged Note 15 - us-gaap:EarningsPerShareTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>15. EARNINGS PER COMMON SHARE</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The table below shows earnings per common share and diluted earnings per common share, and
reconciles the numerator and denominator of both earnings per common share calculations.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended June 30,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Six months ended June 30,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions, except per share amounts)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Wells Fargo net income (numerator)
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>3,172</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,753</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6,217</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,752</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Less: Preferred stock dividends and accretion
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(597</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,258</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Wells Fargo net income applicable to common stock (numerator)
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>2,575</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,753</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,959</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,752</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Earnings per common share</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Average common shares outstanding (denominator)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>4,483.1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,309.8</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,365.9</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,306.1</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Per share
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>0.58</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">0.53</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1.14</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1.13</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Diluted earnings per common share</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Average common shares outstanding
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>4,483.1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,309.8</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,365.9</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,306.1</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Add: Stock options
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>18.2</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11.5</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>9.0</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13.4</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Restricted share rights
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>0.3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">0.1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>0.2</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">0.1</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Diluted average common shares outstanding (denominator)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>4,501.6</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,321.4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,375.1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,319.6</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Per share
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>0.57</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">0.53</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1.13</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1.13</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">At June 30, 2009, options and warrants to purchase 287.4 million and 110.3 million shares,
respectively, were outstanding but not included in the calculation of diluted earnings per common
share because the exercise price was higher than the market price, and therefore were antidilutive.
At June 30, 2008, options to purchase 178.1 million shares were antidilutive and, accordingly, were
not included on a share-equivalent basis in the calculation of diluted earnings per common share.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
</div>
</div>
</body>
</html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<html>
<head></head>
<body>
<!-- Begin Block Tagged Note 16 - us-gaap:SegmentReportingDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>16. OPERATING SEGMENTS</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">As a result of the combination of Wells Fargo and Wachovia, in first quarter 2009, management
realigned its segments into the following three lines of business for management reporting:
Community Banking; Wholesale Banking; and Wealth, Brokerage and Retirement. The results for these
lines of business are based on our management accounting process, which assigns balance sheet and
income statement items to each responsible operating segment. This process is dynamic and, unlike
financial accounting, there is no comprehensive, authoritative guidance for management accounting
equivalent to GAAP. The management accounting process measures the performance of the operating
segments based on our management structure and is not necessarily comparable with similar
information for other financial services companies. We define our operating segments by product
type and customer segment. If the management structure and/or the allocation process changes,
allocations, transfers and assignments may change. We revised prior period information to reflect
the first quarter 2009 realignment of our operating segments; however, because the acquisition was
completed on December 31, 2008, Wachovia’s results are not included in the income statement or in
average balances for periods prior to 2009.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Community Banking </b>offers a complete line of diversified financial products and services to
consumers and small businesses with annual sales generally up to $20 million in which the owner
generally is the financial decision maker. Community Banking also offers investment management and
other services to retail customers and securities brokerage through affiliates. These products and
services include the <i>Wells Fargo Advantage Funds</i><sup style="font-size: 85%; vertical-align: text-top">SM</sup>, a family of mutual funds. Loan
products include lines of credit, equity lines and loans, equipment and transportation
(recreational vehicle and marine) loans, education loans, origination and purchase of residential
mortgage loans and servicing of mortgage loans and credit cards. Other credit products and
financial services available to small businesses and their owners include receivables and inventory
financing, equipment leases, real estate financing, Small Business Administration financing,
venture capital financing, cash management, payroll services, retirement plans, Health Savings
Accounts and merchant payment processing. Consumer and business deposit products include checking
accounts, savings deposits, market rate accounts, Individual Retirement Accounts, time deposits and
debit cards.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Community Banking serves customers through a complete range of channels, including traditional
banking stores, in-store banking centers, business centers, ATMs, and <i>Wells Fargo Customer
Connection</i>, 24-hours a day, seven days a week telephone service. Online banking services include
single sign-on to online banking, bill pay and brokerage, as well as online banking for small
business.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Community Banking also includes Wells Fargo Financial consumer finance and auto finance operations.
Consumer finance operations make real estate loans to individuals in the United States and the
Pacific Rim, and also make direct consumer loans to individuals and purchase sales finance
contracts from retail merchants from offices throughout the United States, and in Canada and the
Pacific Rim. Auto finance operations specialize in purchasing sales finance contracts directly from
auto dealers in Puerto Rico and making loans secured by autos in the United States and Puerto Rico.
Wells Fargo Financial also provides credit cards, lease and other commercial financing.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Wholesale Banking </b>provides financial solutions to businesses across the United States with annual
sales generally in excess of $10 million and to financial institutions globally. Wholesale Banking
provides a complete line of commercial, corporate, capital markets, cash management and real estate
banking products and services. These include traditional commercial loans and lines of credit,
letters of credit, asset-based lending, equipment leasing, mezzanine financing, high-yield debt,
international trade facilities, trade financing, collection services, foreign exchange services,
treasury management, investment management, institutional fixed-income sales, interest rate,
commodity and equity risk management, online/electronic products such as the <i>Commercial Electronic Office</i><sup style="font-size: 85%; vertical-align: text-top"><i>®</i></sup> (<i>CEO</i><sup style="font-size: 85%; vertical-align: text-top"><i>
<sup style="font-size: 85%; vertical-align: text-top">®</sup></i></sup>) portal, insurance, corporate trust fiduciary and agency
services, and investment banking services. Wholesale Banking also supports the commercial real
estate market with products and services such as construction loans for commercial and residential
development, land acquisition and development loans, secured and unsecured lines of credit, interim
financing arrangements for completed structures, rehabilitation loans, affordable housing loans and
letters of credit, permanent loans for securitization, commercial real estate loan servicing and
real estate and mortgage brokerage services.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Wealth, Brokerage and Retirement </b>provides services including comprehensive planning and advice,
investment management, brokerage, private banking, estate planning strategies, trust, insurance and
retirement. Wealth Management uses an integrated model to provide affluent and high-net-worth
customers with a complete range of wealth management solutions and services. Family Wealth meets
the unique needs of ultra-high-net-worth customers managing multi-generational assets — those with
at least $50 million in assets. Retail Brokerage’s financial advisors serve customers’ advisory,
brokerage and financial needs, including investment management, portfolio monitoring and estate
planning as part of one of the largest full-service brokerage firms in the United States. They also
offer access to banking products, insurance, and investment banking services. First Clearing LLC,
our correspondent clearing firm, provides technology, product and other business support to
broker-dealers across the United States. Retirement supports individual investors’ retirement needs
and is a leader in 401(k) and pension record keeping, investment services, trust and custody
solutions for U.S. companies and their employees. The division also provides investments and
executive benefits to institutional clients and delivers reinsurance services to global insurance
companies.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Other </b>includes integration expenses and the elimination of items that are included in both
Community Banking and Wealth, Brokerage and Retirement, largely representing wealth management
customers serviced and products sold in the stores.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">The following table presents certain financial information and related metrics by operating segment
and in total for the consolidated company.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="20%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="41" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6">Community</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6">Wholesale</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6">Wealth, Brokerage</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6">Consolidated</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(income/expense in millions,</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Banking</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Banking</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">and Retirement</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Other</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Company</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">average balances in billions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="41" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Quarter ended June 30,</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Net interest income (1)
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>8,784</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,235</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,479</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,025</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>764</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">199</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(263</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(181</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>11,764</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,278</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Provision for credit losses
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>4,264</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,766</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>738</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">246</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>115</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(31</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>5,086</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,012</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Noninterest income
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>6,023</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,637</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,759</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,388</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,222</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">481</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(261</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(324</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>10,743</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,182</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Noninterest expense
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>7,665</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,300</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,807</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,358</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,289</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">497</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(64</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(310</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>12,697</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,845</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="41" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Income (loss) before income
tax expense (benefit)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,878</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,806</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,693</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">809</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>582</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">179</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(429</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(191</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>4,724</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,603</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Income tax expense (benefit)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>798</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">604</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>618</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">235</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>222</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">68</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(163</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(73</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>1,475</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">834</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="41" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Net income (loss) before
noncontrolling interests
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,080</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,202</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,075</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">574</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>360</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">111</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(266</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(118</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>3,249</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,769</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Less: Net income (loss) from
noncontrolling interests
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>72</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">18</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>8</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(3</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>77</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="41" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Net income (loss) (2)
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>2,008</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,184</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,067</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">576</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>363</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">111</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(266</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(118</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>3,172</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,753</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="41" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Average loans
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>540.7</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">283.2</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>263.5</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">107.7</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>45.9</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14.8</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(16.2</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(14.2</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>833.9</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">391.5</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Average assets
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>799.2</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">439.9</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>381.7</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">151.4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>110.2</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">17.8</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(16.2</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(14.4</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>1,274.9</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">594.7</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Average core deposits
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>543.9</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">251.1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>138.1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">64.8</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>113.5</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">22.5</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(29.8</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(20.0</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>765.7</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">318.4</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="41" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Six months ended June 30,</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Net interest income (1)
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>17,281</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,953</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,846</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,051</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,501</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">353</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(488</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(319</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>23,140</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12,038</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Provision for credit losses
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>8,268</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,631</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,283</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">407</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>140</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(47</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>9,644</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,040</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Noninterest income
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>11,479</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,119</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,299</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,539</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,124</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">964</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(518</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(637</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>20,384</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,985</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Noninterest expense
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>14,823</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,205</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,338</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,702</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,508</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">982</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(154</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(602</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>24,515</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,287</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="41" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Income (loss) before income
tax expense (benefit)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>5,669</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,236</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,524</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,481</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>977</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">329</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(805</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(350</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>9,365</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,696</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Income tax expense (benefit)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,688</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,501</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,265</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">415</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>380</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">125</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(306</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(133</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>3,027</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,908</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="41" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Net income (loss) before
noncontrolling interests
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>3,981</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,735</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,259</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,066</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>597</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">204</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(499</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(217</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>6,338</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,788</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Less: Net income (loss) from
noncontrolling interests
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>134</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">29</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>12</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(25</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>121</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">36</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="41" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Net income (loss) (2)
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>3,847</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,706</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,247</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,059</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>622</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">204</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(499</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(217</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>6,217</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,752</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="41" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Average loans
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>546.7</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">282.9</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>267.7</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">104.3</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>46.3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14.3</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(16.0</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(13.8</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>844.7</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">387.7</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Average assets
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>798.6</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">435.9</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>392.7</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">145.7</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>107.1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">17.3</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(16.1</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(14.0</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>1,282.3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">584.9</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Average core deposits
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>540.9</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">248.8</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>138.3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">66.5</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>108.1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">21.8</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(27.5</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(19.3</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>759.8</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">317.8</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="41" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Net interest income is the difference between interest earned on assets and the cost of
liabilities to fund those assets. Interest earned includes actual interest earned on
segment assets and, if the segment has excess liabilities, interest credits for providing funding
to other segments. The cost of liabilities includes interest expense on
segment liabilities and, if the segment does not have enough liabilities to fund its assets, a
funding charge based on the cost of excess liabilities from another segment.</td>
</tr>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Represents segment net income (loss) for Community Banking; Wholesale Banking; and Wealth,
Brokerage and Retirement segments and Wells Fargo net income for
the Consolidated Company.</td>
</tr>
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
</div>
</div>
</body>
</html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<html>
<head></head>
<body>
<!-- Begin Block Tagged Note 17 - us-gaap:ScheduleOfCondensedFinancialStatementsTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>17. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Following are the condensed consolidating financial statements of the Parent and Wells Fargo
Financial, Inc. and its wholly-owned subsidiaries (WFFI).
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Condensed Consolidating Statement of Income</b>
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="40%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="21" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="19" style="border-bottom: 1px solid #000000">Quarter ended June 30, 2009</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Other</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">consolidating</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Consolidated</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Parent</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">WFFI</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">subsidiaries</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Eliminations</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Company</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Dividends from subsidiaries:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Bank
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Nonbank
</div></td>
<td> </td>
<td> </td>
<td align="right">209</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(209</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest income from loans
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">867</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,669</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">10,532</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest income from subsidiaries
</div></td>
<td> </td>
<td> </td>
<td align="right">580</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(580</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other interest income
</div></td>
<td> </td>
<td> </td>
<td align="right">114</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">27</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,630</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,769</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Total interest income
</div></td>
<td> </td>
<td> </td>
<td align="right">904</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">894</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13,299</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(796</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">14,301</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Deposits
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">970</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(13</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">957</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Short-term borrowings
</div></td>
<td> </td>
<td> </td>
<td align="right">50</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">238</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(241</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">55</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Long-term debt
</div></td>
<td> </td>
<td> </td>
<td align="right">860</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">338</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">699</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(412</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,485</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Other interest expense
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">40</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">40</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Total interest expense
</div></td>
<td> </td>
<td> </td>
<td align="right">910</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">346</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,947</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(666</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">2,537</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Net interest income</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(6</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">548</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,352</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(130</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">11,764</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Provision for credit losses
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">348</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,738</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,086</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Net interest income after provision for credit losses
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(6</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">200</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,614</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(130</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">6,678</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Noninterest income</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Fee income — nonaffiliates
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">30</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,717</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,747</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other
</div></td>
<td> </td>
<td> </td>
<td align="right">141</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">38</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,328</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(511</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">4,996</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Total noninterest income
</div></td>
<td> </td>
<td> </td>
<td align="right">141</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">68</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,045</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(511</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">10,743</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Noninterest expense</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Salaries and benefits
</div></td>
<td> </td>
<td> </td>
<td align="right">144</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">31</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,550</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,725</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other
</div></td>
<td> </td>
<td> </td>
<td align="right">153</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">177</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,151</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(509</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">5,972</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Total noninterest expense
</div></td>
<td> </td>
<td> </td>
<td align="right">297</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">208</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12,701</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(509</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">12,697</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Income before income tax expense (benefit) and equity in
undistributed income of subsidiaries</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(162</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">60</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,958</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(132</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">4,724</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Income tax expense (benefit)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(76</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">22</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,529</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,475</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Equity in undistributed income of subsidiaries
</div></td>
<td> </td>
<td> </td>
<td align="right">3,258</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,258</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Net income before noncontrolling interests</b>
</div></td>
<td> </td>
<td> </td>
<td align="right">3,172</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">38</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,429</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,390</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,249</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Less: Net income from noncontrolling interests
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">77</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">77</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Parent, WFFI, Other and Wells Fargo net income</b>
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">3,172</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">38</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,352</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,390</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,172</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="21" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Condensed Consolidating Statement of Income</b>
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="40%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="21" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="19" style="border-bottom: 1px solid #000000">Quarter ended June 30, 2008</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Other</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">consolidating</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Consolidated</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Parent</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">WFFI</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">subsidiaries</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Eliminations</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Company</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Dividends from subsidiaries:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Bank
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">358</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(358</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Nonbank
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest income from loans
</div></td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,339</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,480</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(14</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">6,806</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest income from subsidiaries
</div></td>
<td> </td>
<td> </td>
<td align="right">711</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(711</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other interest income
</div></td>
<td> </td>
<td> </td>
<td align="right">40</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">26</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,762</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(87</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,741</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Total interest income
</div></td>
<td> </td>
<td> </td>
<td align="right">1,110</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,365</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,242</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,170</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">8,547</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Deposits
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,168</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(105</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,063</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Short-term borrowings
</div></td>
<td> </td>
<td> </td>
<td align="right">112</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">56</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">512</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(323</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">357</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Long-term debt
</div></td>
<td> </td>
<td> </td>
<td align="right">657</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">464</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">112</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(384</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">849</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Total interest expense
</div></td>
<td> </td>
<td> </td>
<td align="right">769</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">520</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,792</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(812</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">2,269</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Net interest income</b>
</div></td>
<td> </td>
<td> </td>
<td align="right">341</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">845</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,450</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(358</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">6,278</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Provision for credit losses
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">638</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,374</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,012</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Net interest income after
provision for credit losses
</div></td>
<td> </td>
<td> </td>
<td align="right">341</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">207</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,076</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(358</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,266</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Noninterest income</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fee income — nonaffiliates
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">104</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,557</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,661</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Other
</div></td>
<td> </td>
<td> </td>
<td align="right">74</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">52</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,895</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(500</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">2,521</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Total noninterest income
</div></td>
<td> </td>
<td> </td>
<td align="right">74</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">156</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,452</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(500</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">5,182</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Noninterest expense</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Salaries and benefits
</div></td>
<td> </td>
<td> </td>
<td align="right">18</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">218</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,193</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,429</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Other
</div></td>
<td> </td>
<td> </td>
<td align="right">45</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">276</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,595</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(500</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">2,416</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Total noninterest expense
</div></td>
<td> </td>
<td> </td>
<td align="right">63</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">494</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,788</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(500</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">5,845</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Income (loss) before income tax expense (benefit) and equity in
undistributed income of subsidiaries</b>
</div></td>
<td> </td>
<td> </td>
<td align="right">352</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(131</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">2,740</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(358</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">2,603</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Income tax expense (benefit)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(49</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(43</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">926</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">834</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Equity in undistributed income of subsidiaries
</div></td>
<td> </td>
<td> </td>
<td align="right">1,352</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,352</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Net income (loss) before noncontrolling interests</b>
</div></td>
<td> </td>
<td> </td>
<td align="right">1,753</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(88</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,814</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,710</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,769</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Less: Net income from noncontrolling interests
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Parent, WFFI, Other and Wells Fargo net income (loss)</b>
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1,753</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(88</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,798</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,710</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,753</td>
<td> </td>
</tr>
<tr style="font-size: 3px">
<td colspan="21" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Condensed Consolidating Statement of Income</b>
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="40%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="21" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="19" style="border-bottom: 1px solid #000000">Six months ended June 30, 2009</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Other</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">consolidating</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Consolidated</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Parent</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">WFFI</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">subsidiaries</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Eliminations</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Company</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Dividends from subsidiaries:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Bank
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">717</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(717</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Nonbank
</div></td>
<td> </td>
<td> </td>
<td align="right">209</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(209</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest income from loans
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,852</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19,454</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(9</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">21,297</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest income from subsidiaries
</div></td>
<td> </td>
<td> </td>
<td align="right">1,231</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,231</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other interest income
</div></td>
<td> </td>
<td> </td>
<td align="right">227</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">53</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,042</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">7,317</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Total interest income
</div></td>
<td> </td>
<td> </td>
<td align="right">2,384</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,905</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">26,496</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,171</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">28,614</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Deposits
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,977</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(21</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,956</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Short-term borrowings
</div></td>
<td> </td>
<td> </td>
<td align="right">114</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">17</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">574</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(527</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">178</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Long-term debt
</div></td>
<td> </td>
<td> </td>
<td align="right">1,889</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">706</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,482</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(813</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,264</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Other interest expense
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">76</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">76</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Total interest expense
</div></td>
<td> </td>
<td> </td>
<td align="right">2,003</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">723</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,109</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,361</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">5,474</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Net interest income</b>
</div></td>
<td> </td>
<td> </td>
<td align="right">381</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,182</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">22,387</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(810</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">23,140</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Provision for credit losses
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,023</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,621</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,644</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Net interest income after
provision for credit losses
</div></td>
<td> </td>
<td> </td>
<td align="right">381</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">159</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13,766</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(810</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">13,496</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Noninterest income</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Fee income — nonaffiliates
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">83</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,027</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,110</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other
</div></td>
<td> </td>
<td> </td>
<td align="right">314</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">71</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10,025</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,136</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">9,274</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Total noninterest income
</div></td>
<td> </td>
<td> </td>
<td align="right">314</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">154</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">21,052</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,136</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">20,384</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Noninterest expense</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Salaries and benefits
</div></td>
<td> </td>
<td> </td>
<td align="right">282</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">50</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12,887</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13,219</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other
</div></td>
<td> </td>
<td> </td>
<td align="right">263</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">371</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,796</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,134</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">11,296</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Total noninterest expense
</div></td>
<td> </td>
<td> </td>
<td align="right">545</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">421</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">24,683</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,134</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">24,515</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Income (loss) before income tax expense (benefit) and equity in
undistributed income of subsidiaries</b>
</div></td>
<td> </td>
<td> </td>
<td align="right">150</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(108</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">10,135</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(812</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">9,365</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Income tax expense (benefit)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(234</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(35</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,296</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,027</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Equity in undistributed income of subsidiaries
</div></td>
<td> </td>
<td> </td>
<td align="right">5,833</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5,833</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Net income (loss) before noncontrolling interests</b>
</div></td>
<td> </td>
<td> </td>
<td align="right">6,217</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(73</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">6,839</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(6,645</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">6,338</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Less: Net income from noncontrolling interests
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">121</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">121</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Parent, WFFI, Other and Wells Fargo net income (loss)</b>
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">6,217</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(73</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">6,718</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(6,645</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">6,217</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="21" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Condensed Consolidating Statement of Income</b>
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="40%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="21" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="19" style="border-bottom: 1px solid #000000">Six months ended June 30, 2008</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Other</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">consolidating</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Consolidated</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Parent</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">WFFI</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">subsidiaries</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Eliminations</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Company</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Dividends from subsidiaries:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Bank
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1,155</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,155</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Nonbank
</div></td>
<td> </td>
<td> </td>
<td align="right">11</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(11</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest income from loans
</div></td>
<td> </td>
<td> </td>
<td align="right">2</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,746</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,304</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(34</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">14,018</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest income from subsidiaries
</div></td>
<td> </td>
<td> </td>
<td align="right">1,570</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,570</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other interest income
</div></td>
<td> </td>
<td> </td>
<td align="right">94</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">55</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,318</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(89</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,378</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Total interest income
</div></td>
<td> </td>
<td> </td>
<td align="right">2,832</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,801</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14,622</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,859</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">17,396</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Deposits
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,927</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(270</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">2,657</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Short-term borrowings
</div></td>
<td> </td>
<td> </td>
<td align="right">256</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">139</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">933</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(546</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">782</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Long-term debt
</div></td>
<td> </td>
<td> </td>
<td align="right">1,515</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">959</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">322</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(877</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,919</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Total interest expense
</div></td>
<td> </td>
<td> </td>
<td align="right">1,771</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,098</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,182</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,693</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">5,358</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Net interest income</b>
</div></td>
<td> </td>
<td> </td>
<td align="right">1,061</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,703</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10,440</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,166</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">12,038</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Provision for credit losses
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">980</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,060</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,040</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Net interest income after
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">provision for credit losses
</div></td>
<td> </td>
<td> </td>
<td align="right">1,061</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">723</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,380</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,166</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">6,998</td>
<td> </td>
</tr>
<tr style="font-size:1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Noninterest income</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Fee income — nonaffiliates
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">220</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,009</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,229</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other
</div></td>
<td> </td>
<td> </td>
<td align="right">367</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">100</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,205</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(916</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">4,756</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Total noninterest income
</div></td>
<td> </td>
<td> </td>
<td align="right">367</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">320</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10,214</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(916</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">9,985</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Noninterest expense</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Salaries and benefits
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(85</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">484</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,245</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,644</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(60</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">553</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,066</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(916</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">4,643</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Total noninterest expense
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(145</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,037</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,311</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(916</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">11,287</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Income before income tax expense and equity in
undistributed income of subsidiaries</b>
</div></td>
<td> </td>
<td> </td>
<td align="right">1,573</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,283</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,166</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">5,696</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Income tax expense
</div></td>
<td> </td>
<td> </td>
<td align="right">96</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,800</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,908</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Equity in undistributed income of subsidiaries
</div></td>
<td> </td>
<td> </td>
<td align="right">2,275</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,275</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Net income (loss) before noncontrolling interests</b>
</div></td>
<td> </td>
<td> </td>
<td align="right">3,752</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(6</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,483</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,441</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,788</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Less: Net income from noncontrolling interests
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">36</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">36</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Parent, WFFI, Other and Wells Fargo net income (loss)</b>
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">3,752</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(6</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,447</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,441</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,752</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="21" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Condensed Consolidating Balance Sheet</b>
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="40%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="21" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="18" style="border-bottom: 1px solid #000000">June 30, 2009</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Other</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">consolidating</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Consolidated</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Parent</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">WFFI</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">subsidiaries</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Eliminations</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Company</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Assets</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Cash and cash equivalents due from:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Subsidiary banks
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">33,582</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">186</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(33,768</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Nonaffiliates
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">152</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">36,456</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">36,608</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Securities available for sale
</div></td>
<td> </td>
<td> </td>
<td align="right">4,910</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,304</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">199,586</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">206,795</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Mortgages and loans held for sale
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">47,404</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">47,404</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Loans
</div></td>
<td> </td>
<td> </td>
<td align="right">8</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">36,738</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">798,453</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(13,585</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">821,614</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Loans to subsidiaries:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Bank
</div></td>
<td> </td>
<td> </td>
<td align="right">11,760</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(11,760</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Nonbank
</div></td>
<td> </td>
<td> </td>
<td align="right">63,075</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(63,075</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Allowance for loan losses
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,723</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(21,312</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(23,035</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Net loans
</div></td>
<td> </td>
<td> </td>
<td align="right">74,843</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">35,015</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">777,141</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(88,420</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">798,579</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Investments in subsidiaries:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Bank
</div></td>
<td> </td>
<td> </td>
<td align="right">122,703</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(122,703</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Nonbank
</div></td>
<td> </td>
<td> </td>
<td align="right">20,316</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(20,316</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other assets
</div></td>
<td> </td>
<td> </td>
<td align="right">10,669</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,428</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">198,936</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(16,243</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">194,790</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:60px; text-indent:-15px">Total assets
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">267,023</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">39,085</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,259,523</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(281,455</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,284,176</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Liabilities and equity</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Deposits
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">844,784</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(31,049</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">813,735</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Short-term borrowings
</div></td>
<td> </td>
<td> </td>
<td align="right">7,022</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10,473</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">84,437</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(46,449</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">55,483</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Accrued expenses and other liabilities
</div></td>
<td> </td>
<td> </td>
<td align="right">6,710</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,102</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">73,262</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(16,914</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">64,160</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Long-term debt
</div></td>
<td> </td>
<td> </td>
<td align="right">127,359</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">26,039</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">108,933</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(32,915</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">229,416</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Indebtedness to subsidiaries
</div></td>
<td> </td>
<td> </td>
<td align="right">11,309</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(11,309</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Total liabilities
</div></td>
<td> </td>
<td> </td>
<td align="right">152,400</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">37,614</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,111,416</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(138,636</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,162,794</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Parent, WFFI, other and
Wells Fargo stockholders’ equity
</div></td>
<td> </td>
<td> </td>
<td align="right">114,623</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,456</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">141,363</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(142,819</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">114,623</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Noncontrolling interests
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,744</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,759</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Total equity
</div></td>
<td> </td>
<td> </td>
<td align="right">114,623</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,471</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">148,107</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(142,819</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">121,382</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px">Total liabilities and equity
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">267,023</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">39,085</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,259,523</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(281,455</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,284,176</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="21" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Condensed Consolidating Balance Sheet</b>
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="40%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="21" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="18" style="border-bottom: 1px solid #000000">Dec. 31, 2008</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Other</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">consolidating</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Consolidated</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Parent</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">WFFI</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">subsidiaries</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Eliminations</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Company</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Assets</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Cash and cash equivalents due from:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Subsidiary banks
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">15,658</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">246</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(15,904</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Nonaffiliates
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">180</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">73,016</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">73,196</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Securities available for sale
</div></td>
<td> </td>
<td> </td>
<td align="right">4,950</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,130</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">144,494</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">151,569</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Mortgages and loans held for sale
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">26,316</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">26,316</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Loans
</div></td>
<td> </td>
<td> </td>
<td align="right">9</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">45,930</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">827,242</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(8,351</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">864,830</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Loans to subsidiaries:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Bank
</div></td>
<td> </td>
<td> </td>
<td align="right">21,745</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(21,745</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Nonbank
</div></td>
<td> </td>
<td> </td>
<td align="right">68,527</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(68,527</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Allowance for loan losses
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,359</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(18,654</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(21,013</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Net loans
</div></td>
<td> </td>
<td> </td>
<td align="right">90,281</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">43,571</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">808,588</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(98,623</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">843,817</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Investments in subsidiaries:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Bank
</div></td>
<td> </td>
<td> </td>
<td align="right">105,721</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(105,721</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Nonbank
</div></td>
<td> </td>
<td> </td>
<td align="right">24,094</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(24,094</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other assets
</div></td>
<td> </td>
<td> </td>
<td align="right">34,949</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,756</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">213,099</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(35,063</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">214,741</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:60px; text-indent:-15px">Total assets
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">275,653</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">47,883</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,265,513</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(279,410</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,309,639</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Liabilities and equity</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Deposits
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">791,728</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(10,326</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">781,402</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Short-term borrowings
</div></td>
<td> </td>
<td> </td>
<td align="right">23,434</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12,911</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">150,156</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(78,427</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">108,074</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Accrued expenses and other liabilities
</div></td>
<td> </td>
<td> </td>
<td align="right">7,426</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,179</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">55,721</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(13,637</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">50,689</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Long-term debt
</div></td>
<td> </td>
<td> </td>
<td align="right">134,026</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">31,704</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">137,118</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(35,690</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">267,158</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Indebtedness to subsidiaries
</div></td>
<td> </td>
<td> </td>
<td align="right">11,683</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(11,683</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Total liabilities
</div></td>
<td> </td>
<td> </td>
<td align="right">176,569</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">45,794</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,134,723</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(149,763</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,207,323</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Parent, WFFI, other and
Wells Fargo stockholders’ equity
</div></td>
<td> </td>
<td> </td>
<td align="right">99,084</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,074</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">127,573</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(129,647</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">99,084</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Noncontrolling interests
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,217</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,232</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Total equity
</div></td>
<td> </td>
<td> </td>
<td align="right">99,084</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,089</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">130,790</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(129,647</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">102,316</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px">Total liabilities and equity
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">275,653</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">47,883</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,265,513</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(279,410</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,309,639</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="21" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Condensed Consolidating Statement of Cash Flows</b>
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="14" style="border-bottom: 1px solid #000000">Six months ended June 30, 2009</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Other</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">consolidating</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">subsidiaries/</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Consolidated</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Parent</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">WFFI</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">eliminations</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Company</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Cash flows from operating activities:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Net cash provided by operating activities
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">721</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">801</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16,327</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">17,849</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Cash flows from investing activities:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Securities available for sale:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Sales proceeds
</div></td>
<td> </td>
<td> </td>
<td align="right">562</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">363</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">17,946</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">18,871</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Prepayments and maturities
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">84</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">18,400</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">18,484</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Purchases
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(308</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(597</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(80,018</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(80,923</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Loans:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Decrease (increase) in banking subsidiaries’ loan originations,
net of collections
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(217</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">28,687</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">28,470</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Proceeds from sales (including participations) of loans
originated for investment by banking subsidiaries
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,179</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,179</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Purchases (including participations) of loans by banking subsidiaries
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,563</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,563</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Principal collected on nonbank entities’ loans
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,853</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,618</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,471</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Loans originated by nonbank entities
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,307</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,012</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4,319</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Net repayments from (advances to) subsidiaries
</div></td>
<td> </td>
<td> </td>
<td align="right">10,246</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(10,246</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Capital notes and term loans made to subsidiaries
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(64</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">64</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Principal collected on notes/loans made to subsidiaries
</div></td>
<td> </td>
<td> </td>
<td align="right">5,202</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5,202</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Net decrease (increase) in investment in subsidiaries
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5,011</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,011</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Net cash paid for acquisitions
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(132</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(132</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Net change in noncontrolling interests
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(315</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(315</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other, net
</div></td>
<td> </td>
<td> </td>
<td align="right">22,460</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">151</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13,333</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">35,944</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Net cash provided (used) by investing activities
</div></td>
<td> </td>
<td> </td>
<td align="right">33,087</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,330</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(11,250</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">24,167</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Cash flows from financing activities:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Net change in:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Deposits
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">32,192</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">32,192</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Short-term borrowings
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(14,426</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,781</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(39,946</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(52,591</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Long-term debt:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Proceeds from issuance
</div></td>
<td> </td>
<td> </td>
<td align="right">3,538</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">338</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,876</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Repayment
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(11,500</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5,000</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(18,662</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(35,162</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Preferred stock:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Cash dividends paid
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,053</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,053</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Common stock:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Proceeds from issuance
</div></td>
<td> </td>
<td> </td>
<td align="right">9,308</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,308</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Repurchased
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(63</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(63</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Cash dividends paid
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,657</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,657</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Excess tax benefits related to stock option payments
</div></td>
<td> </td>
<td> </td>
<td align="right">3</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other, net
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(34</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">34</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Net cash used by financing activities
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(15,884</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,219</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(26,044</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(45,147</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:60px; text-indent:-15px"><b>Net change in cash and due from banks</b>
</div></td>
<td> </td>
<td> </td>
<td align="right">17,924</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(88</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(20,967</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,131</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Cash and due from banks at beginning of period
</div></td>
<td> </td>
<td> </td>
<td align="right">15,658</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">426</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,679</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">23,763</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Cash and due from banks at end of period</b>
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">33,582</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">338</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(13,288</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">20,632</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Condensed Consolidating Statement of Cash Flows</b>
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="14" style="border-bottom: 1px solid #000000">Six months ended June 30, 2008</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Other</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">consolidating</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">subsidiaries/</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Consolidated</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Parent</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">WFFI</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">eliminations</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Company</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Cash flows from operating activities:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Net cash provided (used) by operating activities
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(1,190</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">974</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12,993</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12,777</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Cash flows from investing activities:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Securities available for sale:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Sales proceeds
</div></td>
<td> </td>
<td> </td>
<td align="right">1,584</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">541</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">18,981</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">21,106</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Prepayments and maturities
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">139</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10,288</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10,427</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Purchases
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,462</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(687</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(49,048</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(52,197</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Loans:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Increase in banking subsidiaries’ loan originations, net of collections
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(513</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(17,079</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(17,592</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Proceeds from sales (including participations) of loans
originated for investment by banking subsidiaries
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,556</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,556</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Purchases (including participations) of loans by banking subsidiaries
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5,956</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5,956</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Principal collected on nonbank entities’ loans
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,239</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,488</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,727</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Loans originated by nonbank entities
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(8,466</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,661</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(10,127</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Net repayments from (advances to) subsidiaries
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,979</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,979</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Capital notes and term loans made to subsidiaries
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(677</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">677</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Principal collected on notes/loans made to subsidiaries
</div></td>
<td> </td>
<td> </td>
<td align="right">4,101</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4,101</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Net decrease (increase) in investment in subsidiaries
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(295</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">295</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Net cash paid for acquisitions
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(386</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(386</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Net change in noncontrolling interests
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(21</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(21</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other, net
</div></td>
<td> </td>
<td> </td>
<td align="right">431</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(85</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(932</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(586</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Net cash used by investing activities
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(297</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(832</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(40,920</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(42,049</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Cash flows from financing activities:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Net change in:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Deposits
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5,336</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5,336</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Short-term borrowings
</div></td>
<td> </td>
<td> </td>
<td align="right">7,367</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,578</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">21,939</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">32,884</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Long-term debt:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Proceeds from issuance
</div></td>
<td> </td>
<td> </td>
<td align="right">10,570</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,109</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">804</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12,483</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Repayment
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(8,685</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4,890</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,612</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(9,963</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Common stock:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Proceeds from issuance
</div></td>
<td> </td>
<td> </td>
<td align="right">608</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">608</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Repurchased
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(520</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(520</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Cash dividends paid
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,050</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,050</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Excess tax benefits related to stock option payments
</div></td>
<td> </td>
<td> </td>
<td align="right">19</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Net cash provided (used) by financing activities
</div></td>
<td> </td>
<td> </td>
<td align="right">7,309</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(203</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">21,019</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">28,125</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:60px; text-indent:-15px"><b>Net change in cash and due from banks</b>
</div></td>
<td> </td>
<td> </td>
<td align="right">5,822</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(61</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(6,908</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,147</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Cash and due from banks at beginning of period
</div></td>
<td> </td>
<td> </td>
<td align="right">14,989</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">483</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(715</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">14,757</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Cash and due from banks at end of period</b>
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">20,811</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">422</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(7,623</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">13,610</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="17" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
</div>
</body>
</html>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<html>
<head></head>
<body>
<!-- Begin Block Tagged Note 18 - us-gaap:RegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 12pt"><b>18. REGULATORY AND AGENCY CAPITAL REQUIREMENTS</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The Company and each of its subsidiary banks and thrifts are subject to various regulatory capital
adequacy requirements administered by the Federal Reserve Board (FRB), the Office of the
Comptroller of the Currency and the Office of Thrift Supervision, respectively.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We do not consolidate our wholly-owned trusts (the Trusts) formed solely to issue trust preferred
securities. At June 30, 2009, the amount of trust preferred securities and perpetual preferred
purchase securities issued by the Trusts that was includable in Tier 1 capital in accordance with
FRB risk-based capital guidelines was approximately $19.3 billion. The junior subordinated
debentures held by the Trusts were included in the Company’s long-term debt.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="28%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="25" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6">To be well capitalized </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6">under the FDICIA</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6">For capital</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6">prompt corrective</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Actual</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">adequacy purposes</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">action provisions</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left">(in billions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Amount</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Ratio</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Amount</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Ratio</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Amount</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Ratio</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">As of June 30, 2009:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total capital (to risk-weighted assets)
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Wells Fargo & Company
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">145.0</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">13.84</td>
<td nowrap="nowrap">%</td>
<td align="center"><u>></u></td>
<td align="left">$</td>
<td align="right">83.8</td>
<td> </td>
<td align="center"><u>></u></td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">8.00</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Wells Fargo Bank, N.A.
</div></td>
<td> </td>
<td> </td>
<td align="right">57.1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12.61</td>
<td> </td>
<td align="center"><u>></u></td>
<td> </td>
<td align="right">36.2</td>
<td> </td>
<td align="center"><u>></u></td>
<td> </td>
<td align="right">8.00</td>
<td> </td>
<td align="center"><u>></u></td>
<td align="left">$</td>
<td align="right">45.3</td>
<td> </td>
<td align="center"><u>></u></td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">10.00</td>
<td nowrap="nowrap">%</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Wachovia Bank, N.A.
</div></td>
<td> </td>
<td> </td>
<td align="right">60.6</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13.03</td>
<td> </td>
<td align="center"><u>></u></td>
<td> </td>
<td align="right">37.2</td>
<td> </td>
<td align="center"><u>></u></td>
<td> </td>
<td align="right">8.00</td>
<td> </td>
<td align="center"><u>></u></td>
<td> </td>
<td align="right">46.5</td>
<td> </td>
<td align="center"><u>></u></td>
<td> </td>
<td align="right">10.00</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Tier 1 capital (to risk-weighted assets)
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Wells Fargo & Company
</div></td>
<td> </td>
<td> </td>
<td align="right">102.7</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9.80</td>
<td> </td>
<td align="center"><u>></u></td>
<td> </td>
<td align="right">41.9</td>
<td> </td>
<td align="center"><u>></u></td>
<td> </td>
<td align="right">4.00</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Wells Fargo Bank, N.A.
</div></td>
<td> </td>
<td> </td>
<td align="right">38.3</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8.47</td>
<td> </td>
<td align="center"><u>></u></td>
<td> </td>
<td align="right">18.1</td>
<td> </td>
<td align="center"><u>></u></td>
<td> </td>
<td align="right">4.00</td>
<td> </td>
<td align="center"><u>></u></td>
<td> </td>
<td align="right">27.2</td>
<td> </td>
<td align="center"><u>></u></td>
<td> </td>
<td align="right">6.00</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Wachovia Bank, N.A.
</div></td>
<td> </td>
<td> </td>
<td align="right">38.9</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8.37</td>
<td> </td>
<td align="center"><u>></u></td>
<td> </td>
<td align="right">18.6</td>
<td> </td>
<td align="center"><u>></u></td>
<td> </td>
<td align="right">4.00</td>
<td> </td>
<td align="center"><u>></u></td>
<td> </td>
<td align="right">27.9</td>
<td> </td>
<td align="center"><u>></u></td>
<td> </td>
<td align="right">6.00</td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Tier 1 capital (to average assets)
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">(Leverage ratio)
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Wells Fargo & Company
</div></td>
<td> </td>
<td> </td>
<td align="right">102.7</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8.32</td>
<td> </td>
<td align="center"><u>></u></td>
<td> </td>
<td align="right">49.4</td>
<td> </td>
<td align="center"><u>></u></td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">4.00</td>
<td nowrap="nowrap">(1)</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Wells Fargo Bank, N.A.
</div></td>
<td> </td>
<td> </td>
<td align="right">38.3</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7.12</td>
<td> </td>
<td align="center"><u>></u></td>
<td> </td>
<td align="right">21.5</td>
<td> </td>
<td align="center"><u>></u></td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">4.00</td>
<td nowrap="nowrap">(1)</td>
<td align="center"><u>></u></td>
<td> </td>
<td align="right">26.9</td>
<td> </td>
<td align="center"><u>></u></td>
<td> </td>
<td align="right">5.00</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Wachovia Bank, N.A.
</div></td>
<td> </td>
<td> </td>
<td align="right">38.9</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7.18</td>
<td> </td>
<td align="center"><u>></u></td>
<td> </td>
<td align="right">21.7</td>
<td> </td>
<td align="center"><u>></u></td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">4.00</td>
<td nowrap="nowrap">(1)</td>
<td align="center"><u>></u></td>
<td> </td>
<td align="right">27.1</td>
<td> </td>
<td align="center"><u>></u></td>
<td> </td>
<td align="right">5.00</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td colspan="25" style="border-bottom: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left">
<tr>
<td width="3%"></td>
<td width="1%"></td>
<td width="96"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>The leverage ratio consists of Tier 1 capital divided by quarterly average total assets, excluding goodwill and
certain other items. The minimum leverage ratio guideline is
3% for banking organizations that do not anticipate significant growth and that have well-diversified risk, excellent
asset quality, high liquidity, good earnings, effective
management and monitoring of market risk and, in general, are considered top-rated, strong banking organizations.</td>
</tr>
</table>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Certain subsidiaries of the Company are approved seller/servicers, and are therefore required
to maintain minimum levels of shareholders’ equity, as specified by various agencies, including the
United States Department of Housing and Urban Development, Government National Mortgage
Association, Federal Home Loan Mortgage Corporation and Federal National Mortgage Association. At
June 30, 2009, each seller/servicer met these requirements.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Certain broker-dealer subsidiaries of the Company are subject to SEC Rule 15c3-1 (the Net Capital
Rule), which requires that we maintain minimum levels of net capital, as defined. At June 30, 2009,
each of these subsidiaries met these requirements.
</div>
</div>
</body>
</html>
false
--12-31
2009-06-30
10-Q
0000072971
4671609008
Yes
Large Accelerated Filer
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WELLS FARGO & COMPANY
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