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<div style="font-family: 'Times New Roman',Times,serif">
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<div align="left">
</div>
<div align="left" style="font-size: 12pt; margin-top: 0pt"><u><b></b></u>
</div>
<div align="left" style="font-size: 12pt; margin-top: 0pt"><i>
</i>
</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 purchased credit-impaired (PCI)
loans (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 new accounting guidance on noncontrolling interests on a
retrospective basis for disclosure as required in FASB ASC 810, <i>Consolidation</i>. Accordingly, prior
period information reflects the adoption. The guidance requires that noncontrolling interests be
reported as a component of total equity. In addition, the consolidated income statement must
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">Effective July 1, 2009, the FASB established the Codification as the source of authoritative GAAP
for companies to use in the preparation of financial statements. Securities and Exchange Commission
(SEC) rules and interpretive releases are also authoritative GAAP for SEC registrants. The guidance
contained in the Codification supersedes all existing non-SEC accounting and reporting standards.
We adopted the Codification, as required, in third quarter 2009. As a result, references to
accounting literature contained in our financial statement disclosures have been updated to reflect
the new Accounting Standards Codification (ASC) structure. References to superseded authoritative
literature are shown parenthetically below, and cross-references to pre-Codification accounting
standards are included on page 147.
</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 new guidance related to the following Codification topics:
</div>
<div style="margin-top: 0pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; 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 ASC 815-10, <i>Derivatives and Hedging </i>(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: 0pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; 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 ASC 810-10, <i>Consolidation </i>(FAS 160, <i>Noncontrolling Interests in Consolidated
Financial Statements — an amendment of ARB No. 51)</i>;</td>
</tr>
</table>
</div>
<div style="margin-top: 0pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; 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 ASC 805-10, <i>Business Combinations </i>(FAS 141R (revised 2007), <i>Business Combinations)</i>;</td>
</tr>
</table>
</div>
<div style="margin-top: 0pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; 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 ASC 820-10, <i>Fair Value Measurements and Disclosures </i>(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: 0pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; 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 ASC 320-10, <i>Investments — Debt and Equity Securities </i>(FSP FAS 115-2 and FAS 124-2,
<i>Recognition and Presentation of Other-Than-Temporary Impairments</i><i>)</i>; and</td>
</tr>
</table>
</div>
<div style="margin-top: 0pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; 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 ASC 260-10, <i>Earnings Per Share </i>(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 align="left" style="font-size: 12pt; margin-top: 10pt">In second quarter 2009, we adopted new guidance related to the following Codification topics:
</div>
<div style="margin-top: 0pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; 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 ASC 825-10, <i>Financial Instruments </i>(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: 0pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; 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 ASC 855-10, <i>Subsequent Events </i>(FAS 165, <i>Subsequent Events)</i>.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">In third quarter 2009, we adopted new guidance related to the following Codification topic:
</div>
<div style="margin-top: 0pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; 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 ASC 105-10, <i>Generally Accepted Accounting Principles </i>(FAS 168, <i>The FASB Accounting
Standards Codification and the Hierarchy of Generally Accepted Accounting Principles — a
replacement of FASB Statement No. 162</i>).</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Information about these pronouncements is described in more detail below.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><u>FASB ASC 815-10 (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 this
pronouncement for first quarter 2009 reporting. See Note 11 for complete disclosures on derivatives
and hedging activities. This standard
does not affect our consolidated financial statements since it amends only the disclosure
requirements for derivative instruments and hedged items.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><u>FASB ASC 810-10 (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 our
adoption of this standard, noncontrolling interests were classified outside of equity. This new
guidance 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. When a subsidiary is deconsolidated, a parent is required
to recognize a gain or loss with any remaining interest 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. This new guidance was effective on
January 1, 2009, with prospective application to all noncontrolling interests including those that
arose prior to the adoption. Retrospective adoption was 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 on the Prudential joint venture, see the “Capital Management” section in this
Report. On January 1, 2009, we reclassified Prudential’s
noncontrolling interest to equity. 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 new accounting
guidance for noncontrolling interests, related interpretive guidance, and Prudential’s 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>FASB ASC 805-10 (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. FASB ASC 805-10 was applicable prospectively to
business combinations completed on or after January 1, 2009.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><u>FASB
ASC 820-10 (FSP FAS 157-4)</u> addresses measuring fair value in situations
where markets are inactive and transactions are not orderly. The guidance acknowledges that in
these circumstances quoted prices may not be determinative of fair value; however, 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 pronouncement, many companies, including Wells Fargo,
interpreted accounting guidance on fair value measurements 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 this pronouncement, price quotes for assets or liabilities in inactive markets may
require adjustment due to uncertainty as to whether the underlying transactions are orderly.
</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 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 Fair Value Measurements
and Disclosures topic in the Codification 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 new measurement provisions of FASB ASC 820-10 were 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 (OCI), 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>FASB ASC 320-10 (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 OCI. The new accounting prescribed for recording OTTI on debt
securities was 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 OCI for OTTI recorded
in previous periods on securities in our portfolio at January 1, 2009, that would not have been
required had this accounting guidance been effective for those periods.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><u>FASB ASC 260-10 (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 the Earnings per Share topic of the Codification. This pronouncement was
effective on January 1, 2009, with retrospective adoption required. The adoption of this standard
did not have a material effect on our consolidated financial statements.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><u>FASB ASC 825-10 (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. Entities must also disclose 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 new provisions in FASB ASC 825-10 amend only the disclosure requirements related to the fair
value of financial instruments, the adoption of this pronouncement does not affect 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"><u>FASB ASC 855-10 (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. Companies are also
required to disclose the date through which management has evaluated subsequent events, which for
public entities is the date that financial statements are issued. The requirements for disclosing
subsequent events were 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>
<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: 0pt">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 -->
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<td width="5%"> </td>
<td width="1%"> </td>
<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: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="8" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Nine months ended Sept. 30</td>
<td>,</td>
</tr>
<tr style="font-size: 10pt" 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="8" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:0px; text-indent:-0px"><br />
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 securities available for sale to loans
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>258</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 trading assets
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,993</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 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">544</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Transfers from MHFS to MSRs
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>5,088</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,659</td>
<td> </td>
</tr>
<tr valign="bottom">
<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>125</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">105</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Transfers from (to) loans (from) to MHFS
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>60</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(507</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Transfers from LHFS to loans
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>6</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">677</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<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>5,067</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,203</td>
<td> </td>
</tr>
<tr style="font-size: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="8" style="border-bottom: 3px solid #000000"> </td>
<td> </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
September 30, 2009, and through November 6, 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 third quarter 2009 consolidated financial statements or disclosure in the Notes to Financial
Statements.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 2 - us-gaap:BusinessCombinationDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
</div>
<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 nine months 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
September 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 $1.4 billion in the first nine months 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 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: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="12" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 0px solid #000000"><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: 10pt" 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: 10pt" 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="12" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td><br />
<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="12" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>19,390</b></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">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>(17,921</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,524</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>(695</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 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>14,582</b></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">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>(3,211</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">233</td>
<td> </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>(4,568</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(134</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>(2,586</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(987</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>(227</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(37</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>8,171</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,495</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,676</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="12" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>12,935</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,355</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="12" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>10,157</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,355</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,802</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="12" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="12" style="border-bottom: 3px solid #000000"> </td>
<td> </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 valign="bottom">
<td width="64%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="8%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="16" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td nowrap="nowrap" align="right" colspan="3">Employee</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="3">Contract</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="3">Facilities</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="3"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td nowrap="nowrap" align="right" colspan="3">termination</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="3">termination</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="3">related</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="3">Total</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td><br />
<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" style="font-weight: bold">
<td>
<div style="margin-left:30px; text-indent:-15px">Purchase accounting adjustments (1)
</div></td>
<td> </td>
<td> </td>
<td align="right">327</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">20</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">360</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee; font-weight: bold">
<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">(220</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">(102</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(322</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="font-weight: bold">
<td>
<div style="margin-left:15px; text-indent:-15px">Balance, September 30, 2009
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">164</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">33</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">40</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">237</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="16" style="border-bottom: 3px solid #000000"> </td>
<td> </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="1%"></td>
<td width="1%"></td>
<td width="98"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left" style="font-size: 8pt">(1)</td>
<td> </td>
<td>Certain purchase accounting adjustments have been refined during 2009 as additional
information became available.</td>
</tr>
</table>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 3 - wfc:FederalFundsSoldSecuritiesPurchasedUnderResaleAgreementsAndOtherShortTermInvestmentsTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>3. FEDERAL FUNDS SOLD, SECURITIES PURCHASED UNDER RESALE AGREEMENTS AND OTHER SHORT-TERM
INVESTMENTS</b>
</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 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: 5px">
<td colspan="8" align="left" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Sept. 30</b></td>
<td><b>,</b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Dec. 31</td>
<td>,</td>
</tr>
<tr style="font-size: 10pt" 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="8" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td><br />
<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>9,432</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>6,879</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>1,180</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,104</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>17,491</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">49,433</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="8" align="left" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">For resale agreements, which represent collateralized financing transactions, we hold
collateral in the form of securities that we have the right to sell
or repledge of $1.3 billion
at September 30, 2009, and $1.6 billion at
December 31, 2008. These amounts include securities we have sold or
repledged to others with a fair value of $483 million and
$343 million, as of the same dates, respectively.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 4 - us-gaap:AvailableForSaleSecuritiesTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
</div>
<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 OCI. There were no securities classified as held to maturity as of the
periods presented.
</div>
<div align="center">
<table style="font-size: 8pt; 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="3%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="16" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" 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: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="3">unrealized</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="3">unrealized</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Fair</td>
<td> </td>
</tr>
<tr style="font-size: 10pt" 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" valign="bottom">
<td nowrap="nowrap" align="left" colspan="16" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td><br />
<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><br />
<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="16" align="left" style="border-bottom: 1px solid #000000"> </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">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="16" align="left" style="border-bottom: 1px solid #000000"> </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">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="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:75px; 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="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:75px; 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="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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">$</td>
<td align="right">161,491</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,261</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(12,183</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">151,569</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td><br />
<div style="margin-left:15px; text-indent:-15px">
<b>September 30, 2009</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td><br />
<div style="margin-left:15px; text-indent:-15px">
<b>Securities of U.S. Treasury and federal agencies</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>2,446</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>57</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> </td>
<td align="right"><b>2,496</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>13,202</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>839</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(411</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>13,630</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>83,888</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,615</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>87,503</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>32,958</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,881</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,747</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>34,092</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>12,433</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>665</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,834</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>11,264</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>129,279</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7,161</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(3,581</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>132,859</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>8,400</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>932</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(130</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>9,202</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>3,194</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>451</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(382</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>3,263</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>15,551</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,122</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(214</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>16,459</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>172,072</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>10,562</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(4,725</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>177,909</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>3,918</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>315</b></td>
<td> </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>4,073</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>1,181</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>665</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> </td>
<td align="right"><b>1,832</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>5,099</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>980</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>5,905</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<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>177,171</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>11,542</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(4,899</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>183,814</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="16" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left">
<tr style="font-size: 3pt">
<td width="1%"> </td>
<td width="1%"></td>
<td width="98"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left" style="font-size: 8pt">(1)</td>
<td> </td>
<td>Included in the “Other” category are asset-backed securities collateralized by
auto leases with a cost basis and fair value of $8.6 billion and $9.0 billion, respectively,
at September 30, 2009, and $8.3 billion and $7.9 billion, respectively, at December 31, 2008.
Also included in the “Other” category are asset-backed securities collateralized by
home equity loans with a cost basis and
fair value of $2.5 billion and $2.7 billion, respectively, at September 30, 2009, and $3.2
billion and $3.2 billion, respectively, at December 31, 2008. The remaining balances primarily
include asset-backed securities collateralized by credit cards and student loans.</td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left" style="font-size: 8pt">(2)</td>
<td> </td>
<td>Foreign residential mortgage-backed securities with a fair value of $3.3 billion are included
in residential mortgage-backed securities at September 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>
<div align="left" style="font-size: 12pt; margin-top: 10pt">As part of our liquidity management strategy, we pledge securities to secure borrowings from
the Federal Home Loan Bank (FHLB) and the Federal Reserve Bank. We also pledge securities to secure
trust and public deposits and for other purposes as required or permitted by law. The carrying
value of pledged securities where the secured party has the right to
sell or repledge totaled $1.4 billion at September 30, 2009, and $10.1 billion at December 31, 2008. Securities pledged where
the secured party does not have the right to sell or repledge totaled
$98.0 billion at September
30, 2009, and $71.6 billion at December 31, 2008.
</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>Gross Unrealized Losses and Fair Value</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 0pt">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: 8pt; 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="3%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="24" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #000000">Less than 12 months</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="7" 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 nowrap="nowrap" align="right" colspan="3">unrealized</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Fair</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="3">unrealized</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Fair</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="3">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="24" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td><br />
<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><br />
<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="24" align="left" style="border-bottom: 1px solid #000000"> </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 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="24" align="left" style="border-bottom: 1px solid #000000"> </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">(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="24" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45x; 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="24" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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="24" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; 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="24" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:60px; text-indent:-15px">
Total
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(7,995</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">27,924</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4,188</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">5,298</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(12,183</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">33,222</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="24" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td><br />
<div style="margin-left:15px; text-indent:-15px">
<b>September 30, 2009</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td><br />
<div style="margin-left:15px; text-indent:-15px">
<b>Securities of U.S. Treasury and
federal agencies</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"><b>$</b></td>
<td align="right"><b>(7</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>266</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>(7</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>266</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>(6</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>198</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(405</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>3,474</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(411</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>3,672</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> </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" 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>(201</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>2,647</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,546</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>10,591</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,747</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>13,238</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>(33</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>514</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,801</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>6,908</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,834</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>7,422</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="24" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>(234</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>3,161</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(3,347</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>17,499</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(3,581</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>20,660</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="24" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>(30</b></td>
<td nowrap="nowrap"><b>)</b></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>(100</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>645</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(130</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>874</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>(37</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>329</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(345</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>487</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(382</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>816</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>(82</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>691</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(132</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>85</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(214</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>776</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="24" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px"><b>Total debt securities</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(396</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>4,874</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(4,329</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>22,190</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(4,725</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>27,064</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="24" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>(11</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>176</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(149</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>542</b></td>
<td> </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>718</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>(14</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>75</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>(14</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>75</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="24" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px"><b>Total marketable equity securities</b>
</div></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"><b>251</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(149</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>542</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>793</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="24" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>(421</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>5,125</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(4,478</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>22,732</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(4,899</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>27,857</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="24" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="24" style="border-bottom: 3px solid #000000"> </td>
<td> </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>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<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: 0pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; 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>the length of time and the extent to which the fair value has been less than the amortized
cost basis;</td>
</tr>
</table>
</div>
<div style="margin-top: 0pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; 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>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: 0pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; 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>the historical and implied volatility of the fair value of the security;</td>
</tr>
</table>
</div>
<div style="margin-top: 0pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; 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>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: 0pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; 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>failure of the issuer of the security to make scheduled interest or principal payments;</td>
</tr>
</table>
</div>
<div style="margin-top: 0pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; 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>any changes to the rating of the security by a rating agency; and</td>
</tr>
</table>
</div>
<div style="margin-top: 0pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; 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>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: 0pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; 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>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: 0pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; 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>current delinquencies and nonperforming assets of underlying collateral;</td>
</tr>
</table>
</div>
<div style="margin-top: 0pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; 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>expected future default rates;</td>
</tr>
</table>
</div>
<div style="margin-top: 0pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; 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>collateral value by vintage, geographic region, industry concentration or property type;
and</td>
</tr>
</table>
</div>
<div style="margin-top: 0pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; 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>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: 0pt">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: 0pt">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: 0pt">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: 0pt">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: 0pt">The unrealized losses associated with commercial mortgage-backed securities are primarily driven by
higher projected collateral losses, wider credit spreads and changes in interest rates. 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 for a
security by forecasting the performance of 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 are also considered and, 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: 0pt">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: 0pt">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 and wider credit spreads. 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: 0pt">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: 0pt">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 September 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 September 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: 6pt">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. There
were no unrated securities included in investment grade in a loss position as of September 30,
2009. The unrealized losses and fair value of unrated securities categorized as investment grade
were $543 million and $8,091 million as of December 31, 2008. Substantially all of the unrealized
losses on unrated securities classified as investment grade as of December 31, 2008, were related
to investments in asset-backed securities collateralized by auto leases that appreciated to an
unrealized gain position at September 30, 2009, due to spread tightening. 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 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: 5px">
<td colspan="16" align="left" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" 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: 10pt" 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: 10pt" 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: 10pt" 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="16" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em">
December 31, 2008
</p>
</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"><p style="margin-top: 1em">Securities of U.S. Treasury and
federal agencies
</p>
</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="16" align="left" style="border-bottom: 1px solid #000000"> </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 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 style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </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="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:75px; 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="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:90px; text-indent:-15px">Total
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(11,278</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">31,751</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(878</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,390</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em"><b>September 30,
2009</b>
</p>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em"><b>Securities of U.S. Treasury and
federal agencies</b>
</p>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"><b>$</b></td>
<td align="right"><b>(7</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>266</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><b> </b></td>
<td nowrap="nowrap" align="left"><b> </b></td>
<td align="right"><b>(314</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>3,343</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(97</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>329</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> </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:30px; text-indent:-15px"><b>Residential</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(284</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>5,810</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,463</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>7,428</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>(1,512</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>7,016</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(322</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>406</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </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 nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,796</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>12,826</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,785</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>7,834</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </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>(47</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>165</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(83</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>709</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>(92</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>367</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(290</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>449</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>(30</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>432</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(184</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>344</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:75px; text-indent:-15px"><b>Total
debt securities</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,286</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>17,399</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,439</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>9,665</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>(153</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>690</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> </td>
<td align="right"><b>28</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:90px; text-indent:-15px"><b>Total</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"><b>$</b></td>
<td align="right"><b>(2,439</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>18,089</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,446</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>9,693</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="16" align="left" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 12pt"><b>Realized Gains and Losses</b><br />
The following table shows the gross realized gains and losses on sales 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 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: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="16" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended Sept. 30,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Nine months ended Sept. 30,</td>
<td> </td>
</tr>
<tr style="font-size: 10pt" 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="16" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em">Gross realized gains
</p>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>378</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">549</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,088</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,003</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>(300</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(948</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,018</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,175</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>78</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(399</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>70</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(172</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="16" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 12pt"><b>Other-Than-Temporary Impairment</b><br />
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 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: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="8" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Sept. 30, 2009</td>
<td> </td>
</tr>
<tr style="font-size: 10pt" 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">Nine months</td>
<td> </td>
</tr>
<tr style="font-size: 10pt" 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="8" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em"><b>OTTI write-downs (included in
earnings)</b>
</p>
</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">273</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">850</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">Marketable equity securities
</div></td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">74</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">119</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">451</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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">123</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">525</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:75px; text-indent:-15px">Total OTTI write-downs
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">396</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,375</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em"><b>OTTI on debt securities</b>
</p>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Recorded as part of gross
realized losses:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Credit-related OTTI
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">251</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">821</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">22</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">29</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 (1)
</div></td>
<td> </td>
<td> </td>
<td align="right">41</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,039</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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">314</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,889</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="8" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left">
<tr>
<td width="2%"></td>
<td width="1%"></td>
<td width="97"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Represents amounts recorded to OCI on debt securities (predominantly residential
mortgage-backed securities) in periods OTTI write-downs have been incurred. Changes in fair value
in subsequent periods on such securities, to the extent not subsequently impaired in those periods,
is not reflected in this balance.</td>
</tr>
</table>
<div align="left" style="font-size: 12pt; margin-top: 6pt">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 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: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="16" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended Sept. 30,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Nine months ended Sept. 30,</td>
<td> </td>
</tr>
<tr style="font-size: 10pt" 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="16" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em"><b>Debt securities:</b>
</p>
</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>1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6</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>134</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">26</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>526</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">99</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>67</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">23</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>78</b></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:30px; text-indent:-15px">Corporate debt securities
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>5</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">93</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>58</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">124</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>25</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">120</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>121</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">124</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>41</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>61</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>273</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">262</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>850</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">370</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em"><b>Marketable equity securities:</b>
</p>
</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>2</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">594</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>47</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">627</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>2</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">37</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>27</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">98</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>4</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">631</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>74</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">725</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>277</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">893</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>924</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,095</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="16" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 6pt">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.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Other-Than-Temporarily
Impaired Debt Securities</b><br />We recognize OTTI for debt securities classified as available for sale in accordance with FASB ASC
320, which requires that 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, but is recognized in OCI. We believe that we will
fully collect the carrying value of securities on which we have recorded a non-credit-related
impairment in OCI.
</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 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 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: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="8" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" 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">Nine months ended</td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Sept. 30, 2009</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Sept. 30, 2009</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em">
<b>Balance, beginning of period</b>
</p>
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1,012</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">471</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">124</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">537</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">127</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">284</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">(8</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(31</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> </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">
<td>
<div style="margin-left:30px; text-indent:-15px">For increases in expected cash flows
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </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="8" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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">1,255</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,255</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="8" align="left" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left">
<tr>
<td width="1%"></td>
<td width="1%"></td>
<td width="98"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Excludes $22 million and $29 million for the quarter and nine months ended September 30, 2009,
respectively, of OTTI on debt securities we intend to sell.</td>
</tr>
</table>
</div>
</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
subordinated 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.
</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: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="8" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Non-agency
residential MBS – non-investment grade (1)</td>
<td> </td>
</tr>
<tr style="font-size: 10pt" 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">Nine months ended</td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">September 30, 2009</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">September 30, 2009</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em">
Expected remaining life of loan
losses (2):
</p>
</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 (3)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td nowrap="nowrap" align="right">0 - 57</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">0 - 58</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Credit impairment distribution (4):
</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">0 - 10% range
</div></td>
<td> </td>
<td> </td>
<td align="right">50</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">54</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">10 - 20% range
</div></td>
<td> </td>
<td> </td>
<td align="right">9</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">28</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">20 - 30% range
</div></td>
<td> </td>
<td> </td>
<td align="right">23</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">Greater than 30%
</div></td>
<td> </td>
<td> </td>
<td align="right">18</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Weighted average (5)
</div></td>
<td> </td>
<td> </td>
<td align="right">12</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Current subordination levels (6):
</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 (3)
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">0 - 44</td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">0 - 44</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Weighted average (5)
</div></td>
<td> </td>
<td> </td>
<td align="right">9</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Prepayment speed (annual CPR (7)):
</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 (3)
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">5 - 18</td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">5 - 25</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Weighted average (5)
</div></td>
<td> </td>
<td> </td>
<td align="right">11</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11</td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="8" align="left" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left">
<tr>
<td width="1%"></td>
<td width="1%"></td>
<td width="98"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Total credit impairment losses in third quarter 2009 were $134 million, of which 96%
were recorded on non-investment grade securities. Total credit impairment losses in the
first nine months of 2009 were $537 million, of which 96% were recorded on non-investment
grade securities.</td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</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 valign="top">
<td nowrap="nowrap" align="left">(3)</td>
<td> </td>
<td>Represents the range of inputs/assumptions based upon the individual securities
within each category.</td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(4)</td>
<td> </td>
<td>Represents distribution of credit impairment losses recognized in earnings
categorized based on range of expected remaining life of loan losses. For example, 50% of
credit impairment losses recognized in earnings in third quarter 2009 had expected
remaining life of loan loss assumptions of 0 to 10%.</td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(5)</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 valign="top">
<td nowrap="nowrap" align="left">(6)</td>
<td> </td>
<td>Represents current level of credit protection (subordination) for the securities,
expressed as a percentage of total current underlying loan balance.</td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(7)</td>
<td> </td>
<td>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><br />
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: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="30%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="40" style="border-top: 3px solid #000000"> </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="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>(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="40" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em">
December 31, 2008
</p>
</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"><p style="margin-top: 1em">
Securities of U.S. Treasury and federal agencies
</p>
</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">1.63</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td align="left">$</td>
<td align="right">1,720</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">0.02</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td align="left">$</td>
<td align="right">1,120</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">3.36</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td align="left">$</td>
<td align="right">395</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">3.54</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td align="left">$</td>
<td align="right">14</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">5.05</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">6.80</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">189</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5.77</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">672</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6.84</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,040</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6.74</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10,757</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6.82</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">5.87</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">42</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4.24</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">129</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5.03</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">322</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5.73</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">65,941</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5.88</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">5.57</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">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">47</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4.95</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">24,783</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5.57</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">5.32</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">6.13</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,338</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5.31</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td style="border-top: 1px solid #000000"> </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>
<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">5.75</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">42</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4.24</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">134</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4.91</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">504</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5.76</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">99,062</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5.75</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td style="border-top: 1px solid #000000"> </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>
<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">5.15</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">492</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5.00</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,683</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4.31</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,231</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6.71</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">518</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4.49</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">4.17</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">90</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5.68</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,081</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4.81</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">914</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3.26</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">4.76</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">53</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4.71</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,880</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6.75</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,691</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3.71</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,151</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3.52</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td style="border-top: 1px solid #000000"> </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>
<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"><p style="margin-top: 1em">
Total debt securities at fair value (1) (2)
</p>
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">145,433</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">5.56</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td align="left">$</td>
<td align="right">2,496</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">1.61</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td align="left">$</td>
<td align="right">13,579</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">5.79</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td align="left">$</td>
<td align="right">6,942</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">5.44</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td align="left">$</td>
<td align="right">122,416</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">5.62</td>
<td nowrap="nowrap">%</td>
</tr>
<tr style="font-size: 1px">
<td colspan="40" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em">
<b>September 30, 2009</b>
</p>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em">
<b>Securities of U.S. Treasury and federal agencies</b>
</p>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>2,496</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>2.74</b></td>
<td nowrap="nowrap"><b>%</b></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>552</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>0.61</b></td>
<td nowrap="nowrap"><b>%</b></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>748</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"></td>
<td align="right"><b>2.27</b></td>
<td nowrap="nowrap"><b>%</b></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1,190</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>4.01</b></td>
<td nowrap="nowrap"><b>%</b></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>6</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>4.03</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>13,630</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6.57</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>84</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7.48</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>667</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6.94</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,102</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6.58</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>11,777</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6.54</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>87,503</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.52</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>4.52</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>5.88</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>494</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.65</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>86,925</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.52</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>34,092</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.36</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>4.74</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>0.58</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>170</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.00</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>33,752</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.38</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>11,264</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.34</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>83</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>0.69</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>85</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4.94</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>5.51</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>10,896</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.38</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td style="border-top: 1px solid #000000"> </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>
<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>132,859</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.47</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>147</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2.43</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>275</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3.24</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>864</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.49</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>131,573</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.47</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td style="border-top: 1px solid #000000"> </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>
<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>9,202</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.63</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>531</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4.41</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,014</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.55</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,810</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6.13</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>847</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4.52</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>3,263</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2.11</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>6.73</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>5.01</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,454</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2.81</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,638</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1.17</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>16,459</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4.18</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>755</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5.84</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7,554</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6.17</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,247</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3.31</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6,903</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1.98</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td style="border-top: 1px solid #000000"> </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>
<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"><p style="margin-top: 1em">
<b>Total debt securities at fair value (1)</b>
</p>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>177,909</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>5.34</b></td>
<td nowrap="nowrap"><b>%</b></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>2,079</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>3.91</b></td>
<td nowrap="nowrap"><b>%</b></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>13,419</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>5.73</b></td>
<td nowrap="nowrap"><b>%</b></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>9,667</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>5.00</b></td>
<td nowrap="nowrap"><b>%</b></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>152,744</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>5.35</b></td>
<td nowrap="nowrap"><b>%</b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="40" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="40" align="left" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left">
<tr>
<td width="2%"></td>
<td width="1%"></td>
<td width="97"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>The weighted-average yield is computed using the contractual coupon of each security
weighted based on the fair value of each security.</td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Information for December 31, 2008, has been revised to conform the determination of
remaining contractual principal maturities and weighted-average yields to the current
period methodology.</td>
</tr>
</table>
</div>
<div align="left">
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- 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: 12pt"><b>5. LOANS AND ALLOWANCE FOR CREDIT LOSSES</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 6pt">The major categories of loans outstanding showing those subject to accounting guidance for PCI
loans are presented in the following table. Certain loans acquired in the Wachovia acquisition are
subject to the measurement provisions contained in the Receivables topic of the Codification for
PCI loans. These include loans with credit deterioration since origination and for which it is
probable that we will not collect all contractual principal and interest. PCI loans 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 $14,350 million at September 30, 2009, and $16,891
million, at December 31, 2008.
</div>
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="right">
<table style="font-size: 8pt; 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: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="24" style="border-top: 3px solid #000000"> </td>
<td> </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>Sept. 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>PCI</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">PCI</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="24" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>
<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>2,407</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>167,203</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>169,610</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">Real estate mortgage
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>5,950</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>97,492</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>103,442</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>4,250</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>27,469</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>31,719</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>14,115</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>14,115</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="24" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>12,607</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>306,279</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>318,886</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="24" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>39,538</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>193,084</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>232,622</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>425</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>104,113</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>104,538</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>23,597</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>23,597</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>
<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>90,027</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>90,027</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="24" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>39,963</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>410,821</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>450,784</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="24" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>1,768</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>28,514</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>30,282</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="24" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:75px; text-indent:-15px">Total loans
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>54,338</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>745,614</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>799,952</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">
<td colspan="24" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="24" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 6pt">We pledge loans to secure borrowings from the FHLB and the Federal Reserve Bank as part of our
liquidity management strategy. Loans pledged where the secured party does not have the right to
sell or repledge totaled $322.2 billion at September 30, 2009,
and $337.5 billion at December 31,
2008. We did not have any pledged loans where the secured party has the right to sell or repledge
at September 30, 2009, or at December 31, 2008.
</div>
<div align="left" style="font-size: 12pt; margin-top: 6pt">We consider a loan to be impaired under the loan impairment provisions contained in FASB ASC 310-10
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, commercial real estate and foreign loans
that are over $5 million and certain consumer, commercial, commercial real estate and foreign loans
whose terms have been modified in a troubled debt restructuring (TDR). The recorded investment in
impaired loans and the methodology used to measure impairment was:
</div>
<div align="right">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="8" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Sept. 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Dec. 31,</td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Impairment measurement based on:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Collateral value method
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>356</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>14,129</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,552</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>14,485</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,640</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="8" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left">
<tr>
<td width="32"></td>
<td width="1%"></td>
<td width="97"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>The September 30, 2009, balance includes $444 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 valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Includes $13,973 million and $3,468 million of impaired loans with a related allowance of
$2,754 million and $816 million at September 30, 2009, and December 31, 2008, respectively. The
remaining impaired loans do not have a related allowance.</td>
</tr>
</table>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The average recorded investment in impaired loans was $12,234 million in third quarter 2009
and $2,944 million in fourth quarter 2008. In the first nine months of 2009, the average recorded
investment was $8,790 million.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 6pt">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" style="font-size: 10pt; margin-top: 18pt">
<div style="width: 100%; border-bottom: 3px solid #000000; font-size: 1px"> 
</div>
</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="68%"> </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>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #000000">Quarter ended Sept. 30,</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #000000">Nine months ended Sept. 30,</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" valign="top" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px"><b>Balance, beginning of period</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"><b>$</b></td>
<td align="right" valign="top"><b>23,530</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"><b> </b></td>
<td align="right" valign="top">7,517</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"><b> </b></td>
<td align="right" valign="top"><b>21,711</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"><b> </b></td>
<td align="right" valign="top">5,518</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">Provision for credit losses
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>6,111</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">2,495</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>15,755</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">7,535</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">Loan charge-offs:
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:30px; text-indent:-15px">Commercial and commercial real estate:
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:45px; text-indent:-15px">Commercial
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(986</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(305</td>
<td nowrap="nowrap" valign="top">)</td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(2,337</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(897</td>
<td nowrap="nowrap" valign="top">)</td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:45px; text-indent:-15px">Real estate mortgage
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(215</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(9</td>
<td nowrap="nowrap" valign="top">)</td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(398</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(19</td>
<td nowrap="nowrap" valign="top">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:45px; text-indent:-15px">Real estate construction
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(254</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(36</td>
<td nowrap="nowrap" valign="top">)</td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(595</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(93</td>
<td nowrap="nowrap" valign="top">)</td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:45px; text-indent:-15px">Lease financing
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(88</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(19</td>
<td nowrap="nowrap" valign="top">)</td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(173</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(44</td>
<td nowrap="nowrap" valign="top">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:60px; text-indent:-15px">Total commercial and commercial real estate
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(1,543</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(369</td>
<td nowrap="nowrap" valign="top">)</td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(3,503</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(1,053</td>
<td nowrap="nowrap" valign="top">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:30px; text-indent:-15px">Consumer:
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:45px; text-indent:-15px">Real estate 1-4 family first mortgage
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(1,015</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(146</td>
<td nowrap="nowrap" valign="top">)</td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(2,229</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(330</td>
<td nowrap="nowrap" valign="top">)</td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:45px; text-indent:-15px">Real estate 1-4 family junior lien mortgage
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(1,340</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(669</td>
<td nowrap="nowrap" valign="top">)</td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(3,428</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(1,476</td>
<td nowrap="nowrap" valign="top">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:45px; text-indent:-15px">Credit card
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(691</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(396</td>
<td nowrap="nowrap" valign="top">)</td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(2,025</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(1,078</td>
<td nowrap="nowrap" valign="top">)</td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:45px; text-indent:-15px">Other revolving credit and installment
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(860</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(586</td>
<td nowrap="nowrap" valign="top">)</td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(2,562</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(1,617</td>
<td nowrap="nowrap" valign="top">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:60px; text-indent:-15px">Total consumer
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(3,906</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(1,797</td>
<td nowrap="nowrap" valign="top">)</td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(10,244</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(4,501</td>
<td nowrap="nowrap" valign="top">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:30px; text-indent:-15px">Foreign
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(71</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(59</td>
<td nowrap="nowrap" valign="top">)</td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(181</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(185</td>
<td nowrap="nowrap" valign="top">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:75px; text-indent:-15px">Total loan charge-offs
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(5,520</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(2,225</td>
<td nowrap="nowrap" valign="top">)</td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(13,928</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(5,739</td>
<td nowrap="nowrap" valign="top">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">Loan recoveries:
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:30px; text-indent:-15px">Commercial and commercial real estate:
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:45px; text-indent:-15px">Commercial
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>62</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">27</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>153</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">90</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:45px; text-indent:-15px">Real estate mortgage
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>6</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">1</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>22</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">4</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:45px; text-indent:-15px">Real estate construction
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>5</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">—</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>11</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">2</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:45px; text-indent:-15px">Lease financing
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>6</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">3</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>13</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">9</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:60px; text-indent:-15px">Total commercial and commercial real estate
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>79</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">31</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>199</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">105</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:30px; text-indent:-15px">Consumer:
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:45px; text-indent:-15px">Real estate 1-4 family first mortgage
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>49</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">7</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>114</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">20</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:45px; text-indent:-15px">Real estate 1-4 family junior lien mortgage
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>49</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">28</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>119</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">63</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:45px; text-indent:-15px">Credit card
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>43</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">35</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>131</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">113</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:45px; text-indent:-15px">Other revolving credit and installment
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>178</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">117</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>580</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">363</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:60px; text-indent:-15px">Total consumer
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>319</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">187</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>944</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">559</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:30px; text-indent:-15px">Foreign
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>11</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">12</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>30</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">40</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:75px; text-indent:-15px">Total loan recoveries
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>409</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">230</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>1,173</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">704</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:90px; text-indent:-15px">Net loan charge-offs (1)
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(5,111</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(1,995</td>
<td nowrap="nowrap" valign="top">)</td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(12,755</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">(5,035</td>
<td nowrap="nowrap" valign="top">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">Allowances related to business combinations/other
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(2</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">10</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>(183</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">9</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px"><b>Balance, end of period</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"><b>$</b></td>
<td align="right" valign="top"><b>24,528</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"><b> </b></td>
<td align="right" valign="top">8,027</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"><b> </b></td>
<td align="right" valign="top"><b>24,528</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"><b> </b></td>
<td align="right" valign="top">8,027</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">Components:
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:30px; text-indent:-15px">Allowance for loan losses
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"><b>$</b></td>
<td align="right" valign="top"><b>24,028</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"><b> </b></td>
<td align="right" valign="top">7,865</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"><b> </b></td>
<td align="right" valign="top"><b>24,028</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"><b> </b></td>
<td align="right" valign="top">7,865</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:30px; text-indent:-15px">Reserve for unfunded credit commitments
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>500</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">162</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>500</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">162</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:45px; text-indent:-15px">Allowance for credit losses
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"><b>$</b></td>
<td align="right" valign="top"><b>24,528</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"><b> </b></td>
<td align="right" valign="top">8,027</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"><b> </b></td>
<td align="right" valign="top"><b>24,528</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"><b> </b></td>
<td align="right" valign="top">8,027</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<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="right" valign="top"> </td>
<td align="right" valign="top"><b>2.50</b></td>
<td nowrap="nowrap" valign="top"><b>%</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">1.96</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>2.05</b></td>
<td nowrap="nowrap" valign="top"><b> </b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">1.71</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">Allowance for loan losses as a percentage of total loans (2)
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>3.00</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">1.91</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>3.00</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">1.91</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">Allowance for credit losses as a percentage of total loans (2)
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>3.07</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">1.95</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>3.07</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">1.95</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="center" style="font-size: 10pt">
<div style="width: 100%; border-bottom: 3px solid #000000; font-size: 1px"> 
</div>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left">
<tr>
<td width="2%"></td>
<td width="1%"></td>
<td width="97"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>For PCI loans charge-offs are only recorded to the extent 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 $233 million at
September 30, 2009, and none for prior periods related to PCI loans acquired from Wachovia.
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>Purchased Credit-Impaired Loans</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">PCI loans had an unpaid principal balance of $87.8 billion at September 30, 2009, and $98.4
billion at December 31, 2008 (refined), and a carrying value, excluding allowance for loan
losses, of $54.3 billion and $59.4 billion, respectively. The following table provides details
on the PCI loans acquired from Wachovia.
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="88%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="4" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Dec. 31, 2008</td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">(refined)</td>
<td> </td>
</tr>
<tr style="font-size: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="4" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em">
Contractually required payments including interest
</p>
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">115,161</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">(45,231</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="4" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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">69,930</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="4" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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">59,438</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="4" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5pt">
<td> </td>
</tr>
<tr style="font-size: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="4" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left">
<tr>
<td width="2%"></td>
<td width="1%"></td>
<td width="97"></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 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">For PCI loans, the impact of loan modifications is included in the expected cash flows
of the quarterly evaluation for subsequent decreases or increases of cash flows. For variable
rate loans included in PCI loans, expected future cash flows will be recalculated as the rates
adjust over the lives of the loans. At acquisition, the expected future cash flows were based
on the variable rates that were in effect at that time. The change in the accretable yield
related to PCI 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 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: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="8" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" 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">Nine months ended</td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Sept. 30, 2009</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Sept. 30, 2009</td>
<td> </td>
</tr>
<tr style="font-size: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="8" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em">
Balance, beginning of period (refined)
</p>
</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">(10,492</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Accretion
</div></td>
<td> </td>
<td> </td>
<td align="right">892</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,952</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Increase in expected cash flows (1)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5,663</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5,683</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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">(14,223</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(14,223</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5pt">
<td> </td>
</tr>
<tr style="font-size: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="8" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left">
<tr>
<td width="2%"></td>
<td width="1%"></td>
<td width="97"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Represents increases in interest cash flows due to the impact of modifications
incorporated into the quarterly assessment of expected future cash flows and/or changes in
interest rates on variable rate loans and amounts reclassified from nonaccretable
difference.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Deterioration in expected cash flows for PCI loans subsequent to the acquisition on December
31, 2008, results in the establishment of an allowance, provided for through a charge to income.
Charge-offs and improvements in expected losses will reduce the allowance. Changes in the
allowance for loan losses for PCI loans 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%">
<!-- 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: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="16" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" 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"> </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: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">CRE and</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>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">foreign</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">consumer</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Pick-a-Pay</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Total</td>
<td> </td>
</tr>
<tr style="font-size: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="16" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em">
Balance at December 31, 2008
</p>
</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">
<td>
<div style="margin-left:30px; text-indent:-15px">Provision for losses due to credit deterioration
</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> </td>
<td align="right">580</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Charge-offs
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(347</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">(347</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Balance at September 30, 2009</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>233</b></td>
<td> </td>
<td> </td>
<td><b> </b></td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td><b> </b></td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td><b> </b></td>
<td align="right"><b>233</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5pt">
<td> </td>
</tr>
<tr style="font-size: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="16" style="border-top: 3px solid #000000"> </td>
<td> </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">In third quarter 2009, we recorded $409 million of provision for credit losses for
deterioration in Wachovia’s PCI loan portfolio that occurred subsequent to the December 31,
2008, acquisition. This included net charge-offs of $225 million in third quarter 2009 and
an addition of $184 million to the allowance for loan losses for PCI loans at September 30,
2009. This allowance is included in the allowance for loan losses.
</div>
<div align="left">
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 6 - wfc:OtherAssetsTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>6. OTHER ASSETS</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">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 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: 5px">
<td colspan="9" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Sept. 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Dec. 31,</td>
<td> </td>
</tr>
<tr style="font-size: 10pt" 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>2,771</b></td>
<td> </td>
<td> </td>
<td align="left"> </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>6,163</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,106</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>8,934</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>5,978</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>1,264</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,278</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:80px; text-indent:-15px">Total nonmarketable equity investments (2)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>16,176</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16,782</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Corporate/bank-owned life insurance
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>19,387</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">18,339</td>
<td> </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>2,556</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,251</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Accounts receivable
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>18,610</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">22,493</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Interest receivable
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>4,705</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,746</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Core deposit intangibles
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>10,961</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,999</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Customer relationship and other intangibles
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,519</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,516</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Net deferred tax assets
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>4,091</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13,864</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 align="right"><b> </b></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>840</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>1,687</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>931</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>16,364</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12,003</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:120px; text-indent:-15px">Total other assets
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>98,827</b></td>
<td> </td>
<td> </td>
<td align="left"> </td>
<td align="right">109,801</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5pt">
<td> </td>
</tr>
<tr style="font-size: 5px" valign="bottom">
<td colspan="9" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 0pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left">
<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 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 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: 10pt; margin-top: 6pt">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 valign="bottom">
<td width="52%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #000000">Quarter ended Sept. 30, <b></b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Nine months ended Sept. 30,</td>
<td> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="3"><b>2009</b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="3">2008</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="3"><b>2009</b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">2008</td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="17" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">Net gains (losses) from private equity investments (1)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left" valign="top"><b>$</b></td>
<td align="right" valign="top"><b> </b></td>
<td align="right" nowrap="nowrap" valign="top"><b>(95</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="left"> </td>
<td align="right" valign="top">(24</td>
<td nowrap="nowrap" valign="top">)</td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="left"><b> </b></td>
<td align="right" valign="top"><b>(386</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td align="left"> </td>
<td align="right" valign="top">340</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">Net gains (losses) from principal investments
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td nowrap="nowrap" valign="top"> </td>
<td align="right" valign="top"><b>6</b></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td> </td>
<td align="right" valign="top">—</td>
<td nowrap="nowrap" valign="top"> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td> </td>
<td align="right" valign="top"><b>(9</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">—</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">Net gains (losses) from all other nonmarketable equity investments
</div></td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td> </td>
<td align="right" valign="top"><b>(37</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td> </td>
<td align="right" valign="top">26</td>
<td nowrap="nowrap" valign="top"> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td> </td>
<td align="right" valign="top"><b>(180</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">36</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:30px; text-indent:-0px">Net gains (losses) from nonmarketable equity investments
</div></td>
<td> </td>
<td nowrap="nowrap" align="left" valign="top"><b>$</b></td>
<td align="right" valign="top"><b> </b></td>
<td align="right" nowrap="nowrap" valign="top"><b>(126</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="left"> </td>
<td align="right" valign="top">2</td>
<td nowrap="nowrap" valign="top"> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="left"><b> </b></td>
<td align="right" valign="top"><b>(575</b></td>
<td nowrap="nowrap" valign="top"><b>)</b></td>
<td align="left"> </td>
<td align="right" valign="top">376</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5pt">
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 0pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left">
<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>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- 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>
<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 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 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 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 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 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 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 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: 10pt; margin-top: 6pt">The classifications of assets and liabilities on 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 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: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="20" style="border-top: 3px solid #000000"> </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 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">
<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 align="left"></td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">117</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">287</td>
<td> </td>
<td> </td>
<td align="left"></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">Mortgage
servicing rights (4)
</div></td>
<td> </td>
<td> </td>
<td align="right">15,146</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">15,146</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="20" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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">34,886</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">91,645</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-bottom: 1px solid #000000"> </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">—</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="20" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Total liabilities and noncontrolling interests
</div></td>
<td> </td>
<td colspan="2" 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="20" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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">$</td>
<td align="right">34,358</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">40,337</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">1,212</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">2,112</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">78,019</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>September 30, 2009</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Cash</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td nowrap="nowrap" align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>179</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>321</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>500</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>903</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,215</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>77</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>6,284</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>18,673</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>14,571</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,316</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6,932</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>41,492</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 nowrap="nowrap" 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 nowrap="nowrap" align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>16,455</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b> 582</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,785</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>19,822</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Mortgage servicing rights</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>14,906</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7</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>14,913</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>235</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,658</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,578</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>63</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>8,534</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>34,717</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>41,906</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,732</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>10,190</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>91,545</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>399</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,128</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,527</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>1,014</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,997</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>670</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,440</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>9,121</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 nowrap="nowrap" 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>1,407</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,644</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,051</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>76</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>76</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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 colspan="2" align="right"><b>1,014</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,997</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,552</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>9,212</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>15,775</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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>33,703</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>38,909</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>2,180</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>978</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>75,770</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="20" align="left" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left">
<tr>
<td width="2%"></td>
<td width="1%"></td>
<td width="97"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Reverse repurchase agreements of $537 million are included in other assets at
September 30, 2009. These instruments were included in loans at December 31, 2008, in the
amount of $349 million.</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 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>
<tr style="font-size: 3pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(4)</td>
<td> </td>
<td>For December 31, 2008, the balance related to QSPEs involving mortgage servicing rights has been revised to reflect current information.</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>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 12pt"><b>Transactions with QSPEs</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 0pt">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: 8pt; 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: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="24" style="border-top: 3px solid #000000"> </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="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">assets (1)</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">interests (2)</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">Derivatives</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">guarantees</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="24" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td nowrap="nowrap" align="left"> </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>December 31, 2008</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="19" align="right">Carrying value — asset (liability)</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">Residential
mortgage loan securitizations (3):
</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 (4) and GNMA
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1,008,824</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">10,207</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">11,715</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(426</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left"></td>
<td align="right">21,496</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">313,447</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,262</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,276</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">(85</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">9,483</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="24" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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">1,696,313</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">19,143</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">15,146</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">594</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">(525</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="left"> </td>
<td align="right">34,358</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="24" align="left" style="border-top: 2px solid #000000"> </td>
<td> </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 nowrap="nowrap" align="right" colspan="18" style="border-bottom: 1px solid #000000">Maximum exposure to loss</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em">
Residential mortgage loan securitizations (3):
</p>
</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 (4) and GNMA
</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 align="left"></td>
<td align="right">11,715</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">647</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">22,569</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> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,262</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,276</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">9,909</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> </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" style="background: #eeeeee">
<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">
<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" style="background: #eeeeee">
<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="24" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<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 align="left"></td>
<td align="right">15,146</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">2,332</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">4,057</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">40,678</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="24" align="left" style="border-top: 2px solid #000000"> </td>
<td> </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 nowrap="nowrap" align="left"><b>September 30, 2009</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="18" style="border-bottom: 1px solid #000000"><b>Carrying value – asset (liability)</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em">
<b>Residential mortgage loan securitizations:</b>
</p>
</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 (4)</b> <b>and GNMA</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1,116,937</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>9,685</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>12,298</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"><b> </b></td>
<td align="right"><b>(738</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>21,245</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 align="right"><b>280,304</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7,627</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,691</b></td>
<td> </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>(44</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>9,291</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 align="right"><b>384,716</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,691</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>865</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>299</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(20</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>2,835</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 align="right"><b>2,723</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>131</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>26</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>
</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 align="right"><b>2,675</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>52</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>167</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>8,854</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>—</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>8</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="24" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<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>1,796,209</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>19,257</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>14,906</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>342</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>(802</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>33,703</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="24" align="left" style="border-top: 2px solid #000000"> </td>
<td> </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 nowrap="nowrap" align="right" colspan="18" style="border-bottom: 1px solid #000000"><b>Maximum exposure to loss</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em">
<b>Residential mortgage loan securitizations:</b>
</p>
</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 (4)</b> <b>and GNMA</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>9,685</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>12,298</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>1,511</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>23,494</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>7,627</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,691</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>231</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>9,593</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>1,691</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>865</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>555</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,230</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6,341</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>131</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>26</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>
</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>115</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>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>167</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>8</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>36</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>44</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="24" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>19,257</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>14,906</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>812</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>4,821</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>39,796</b></td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="24" align="left" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="24" align="left" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<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>Represents the remaining principal balance of assets held by QSPEs using the most current
information available.</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 valign="top">
<td nowrap="nowrap" align="left">(3)</td>
<td> </td>
<td>For December 31, 2008, certain balances related to QSPEs involving residential mortgage loan securitizations have been revised to reflect current information.</td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(4)</td>
<td> </td>
<td>Conforming residential mortgage loan securitizations are those that are guaranteed by
government-sponsored entities (GSEs).</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 from sales of financial assets in securitizations
in the first nine months of 2009, with net gains of $4 million in third quarter 2009.
Additionally, we had the following cash flows with our securitization trusts.
</div>
<div align="center" style="font-size: 10pt; margin-top: 18pt">
<div style="width: 100%; border-bottom: 3px solid #000000; font-size: 1px"> 
</div>
</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: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended Sept. 30, 2009</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Nine months ended Sept. 30, 2009</td>
<td> </td>
</tr>
<tr style="font-size: 10pt" 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: 10pt" 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: 10pt" 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>
<td> </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">103,033</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">304,378</td>
<td> </td>
<td> </td>
<td align="left"></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">1,079</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,163</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:15px; text-indent:-15px">Other interests held
</div></td>
<td> </td>
<td> </td>
<td align="right">565</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">74</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,728</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">190</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">13</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">37</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">70</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">199</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="17" align="left" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left">
<tr>
<td width="2%"></td>
<td width="1%"></td>
<td width="97"></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: 6pt">For securitizations completed in third 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 11.5%, life of 6.3 years and a discount
rate of 8.3%.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">Key economic assumptions and the sensitivity of the current fair value to immediate adverse
changes in those assumptions at September 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%">
<!-- 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: 5px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" 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">Other interests held (1)</td>
<td> </td>
</tr>
<tr style="font-size: 10pt" 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: 10pt" 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: 10pt" 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" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value of interests held
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">15,777</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">514</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">598</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">6,348</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Expected weighted-average life (in years)
</div></td>
<td> </td>
<td> </td>
<td align="right">5.4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5.0</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4.4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6.5</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Prepayment speed assumption (annual CPR)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">14.5</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td align="right">13.7</td>
<td nowrap="nowrap"></td>
<td> </td>
<td> </td>
<td align="right">9.8</td>
<td nowrap="nowrap"></td>
<td> </td>
<td> </td>
<td align="right">8.8</td>
<td nowrap="nowrap"></td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Decrease in fair value from:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">10% adverse change
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">715</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">16</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">2</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">34</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">1,676</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">37</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">90</td>
<td> </td>
</tr>
<tr>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<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">8.8</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td align="right">20.5</td>
<td nowrap="nowrap"></td>
<td> </td>
<td> </td>
<td align="right">14.0</td>
<td nowrap="nowrap"></td>
<td> </td>
<td> </td>
<td align="right">8.5</td>
<td nowrap="nowrap"></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" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">100 basis point increase
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">688</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">14</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">18</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">246</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">200 basis point increase
</div></td>
<td> </td>
<td> </td>
<td align="right">1,320</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">26</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">35</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">468</td>
<td> </td>
</tr>
<tr>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<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 nowrap="nowrap" align="left"> </td>
<td align="right">6.2</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td align="right">4.8</td>
<td nowrap="nowrap"></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" style="background: #eeeeee">
<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">22</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">8</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">40</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">20</td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="21" align="left" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left">
<tr>
<td width="2%"></td>
<td width="1%"></td>
<td width="97"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Excludes securities retained in securitizations issued through 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 90.</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 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>
<div align="left" style="font-size: 12pt; margin-top: 10pt">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 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: 5px">
<td colspan="21" align="left" style="border-top: 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="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>Sept. 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>Sept. 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">Nine 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">Sept. 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>170,598</b></td>
<td> </td>
<td> </td>
<td align="left"> </td>
<td align="right">204,113</td>
<td> </td>
<td> </td>
<td align="left"> </td>
<td align="right"><b>5,078</b></td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">1,471</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">2,184</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Real estate mortgage
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>326,190</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">310,480</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>9,703</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,058</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">559</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>31,719</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">34,676</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,641</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,221</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">584</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>14,115</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15,829</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>157</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">92</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">160</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>542,622</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">565,098</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>18,579</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,842</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,487</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>1,273,320</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>16,529</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,849</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,050</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>108,002</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">115,308</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,541</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,421</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,325</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>23,597</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">23,555</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>683</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">687</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,894</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>100,449</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">2,070</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>1,505,368</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>21,327</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10,384</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10,339</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>30,282</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">33,882</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>220</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">91</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">151</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>2,078,272</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>40,126</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14,317</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13,977</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>1,236,936</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>35,538</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>5,846</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 style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td style="border-top: 1px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td style="border-top: 1px solid #000000"> </td>
<td style="border-top: 1px solid #000000"> </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> </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">Total loans held
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>799,952</b></td>
<td> </td>
<td> </td>
<td align="left"> </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: 5px">
<td style="border-top: 2px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td style="border-top: 2px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td style="border-top: 2px solid #000000"> </td>
<td style="border-top: 2px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px 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>
<td> </td>
</tr>
<tr style="font-size: 5px">
<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: 8pt; text-align: left">
<tr>
<td width="2%"></td>
<td width="1%"></td>
<td width="97"></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: 0pt">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. These involvements with unconsolidated VIEs are recorded on
our balance sheet primarily in trading assets, securities available for sale, loans, mortgage
servicing rights, other assets and other liabilities, as appropriate.
</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 summarizes our involvement with unconsolidated VIEs.
</div>
<div align="center" style="font-size: 10pt; margin-top: 18pt">
<div style="width: 100%; border-bottom: 3px solid #000000; font-size: 1px"> 
</div>
</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: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Loans,</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: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">debt</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: 10pt" 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">securities</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: 10pt" 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">and 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: 10pt" valign="bottom">
<td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000">(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>
<!-- 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>December 31, 2008</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="15" align="right">Carrying value — asset (liability)</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">Collateralized debt obligations (2)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">54,294</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">14,080</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">1,053</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"> —</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">15,133</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 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">
<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" style="background: #eeeeee">
<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">
<td>
<div style="margin-left:15px; text-indent:-15px">Collateralized loan obligations
</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" style="background: #eeeeee">
<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">
<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" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Money market funds
</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">
<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="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Total
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">275,372</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">38,521</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,472</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(657</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">40,336</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="15" align="right">Maximum exposure to loss </td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="15" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Collateralized debt obligations
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">14,080</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">4,849</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">1,514</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">20,443</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> </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" style="background: #eeeeee">
<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">
<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" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Collateralized loan obligations
</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">
<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" style="background: #eeeeee">
<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">
<td>
<div style="margin-left:15px; text-indent:-15px">Money market funds
</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" style="background: #eeeeee">
<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="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<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">$</td>
<td align="right">38,650</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">23,352</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">3,347</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">65,349</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td><b>September 30, 2009</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="15" align="right"><b>Carrying value — asset (liability)</b></td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="15" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Collateralized debt obligations</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>58,280</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>13,890</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>1,393</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b> (1,083</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>14,200</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>6,536</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>18,366</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>10,512</b></td>
<td> </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> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>10,444</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>27,636</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,497</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>(660</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>3,837</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Collateralized loan obligations</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>22,531</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>82</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,668</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>87,132</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,089</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>2,089</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>1,846</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>1,078</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,116</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Money
market funds (4)</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>7,469</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>(9</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>(9</b></td>
<td nowrap="nowrap"><b>)</b></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>8,056</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,609</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>(45</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>3,564</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>$</b></td>
<td align="right"><b>237,852</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>38,221</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>2,476</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"><b> </b></td>
<td align="right"><b>(1,788</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>38,909</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="15" align="right"><b>Maximum exposure to loss </b></td>
</tr>
<tr style="font-size: 1px">
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td colspan="15" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Collateralized debt obligations</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>13,890</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>3,620</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>33</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"><b> </b></td>
<td align="right"><b>17,543</b></td>
<td nowrap="nowrap"><b> </b></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>6,667</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6,667</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>10,512</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>446</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>11,026</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>4,497</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>4,506</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Collateralized loan obligations</b>
</div></td>
<td> </td>
<td> </td>
<td> </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>82</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>486</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,154</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>2,089</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>108</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,697</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>38</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,846</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,884</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Money
market funds (4)</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>39</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> 41</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>3,609</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>210</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,821</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>38,221</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>12,824</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>1,294</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>52,339</b></td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="20" align="left" style="border-top: 2px solid #000000"> </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: 0pt">
<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>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: 0pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>For December 31, 2008, the total VIE assets for VIEs
involving CDOs have been revised to reflect current information.</td>
</tr>
<tr style="font-size: 0pt">
<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>
<tr style="font-size: 0pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(4)</td>
<td> </td>
<td>Excludes previously supported money market funds, to which the Company no longer provides
non-contractual financial support.</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><br />
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><br />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 2.4 years at September 30, 2009, and 3.0 years at December 31, 2008.
</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 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: 5px">
<td colspan="16" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000"><b>Sept.
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: 10pt" 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: 10pt" 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: 10pt" 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="16" align="left" style="border-top: 1px 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">Auto loans
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>22.3 </b></td>
<td nowrap="nowrap"><b>%</b></td>
<td> </td>
<td> </td>
<td align="right"><b>21.9</b></td>
<td nowrap="nowrap"><b> </b></td>
<td> </td>
<td> </td>
<td align="right">34.1</td>
<td nowrap="nowrap"><b> </b></td>
<td> </td>
<td> </td>
<td align="right">26.7</td>
<td nowrap="nowrap"><b> </b></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>50.2</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>46.0</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>17.5</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>15.4</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>4.3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>10.8</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>0.4</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2.2</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>2.7</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1.9</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>2.6</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">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="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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 nowrap="nowrap"><b> </b></td>
<td> </td>
<td> </td>
<td align="right">100.0</td>
<td nowrap="nowrap"><b> </b></td>
<td> </td>
<td> </td>
<td align="right">100.0</td>
<td nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="16" align="left" style="border-bottom: 3px solid #000000"> </td>
<td> </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 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: 5px">
<td colspan="16" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000"><b>Sept.
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: 10pt" 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: 10pt" 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: 10pt" 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="16" align="left" style="border-top: 1px 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">AAA
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>0.4</b></td>
<td nowrap="nowrap"><b>%</b></td>
<td> </td>
<td> </td>
<td align="right"><b>2.2</b></td>
<td nowrap="nowrap"><b> </b></td>
<td> </td>
<td> </td>
<td align="right">9.4</td>
<td nowrap="nowrap"><b> </b></td>
<td> </td>
<td> </td>
<td align="right">10.4</td>
<td nowrap="nowrap"><b> </b></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>8.5</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7.3</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>47.3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>55.4</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/B
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>43.8</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>35.1</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="16" align="left" style="border-bottom: 1px solid #000000"> </td>
<td> </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 nowrap="nowrap"><b> </b></td>
<td> </td>
<td> </td>
<td align="right">100.0</td>
<td nowrap="nowrap"><b> </b></td>
<td> </td>
<td> </td>
<td align="right">100.0</td>
<td nowrap="nowrap"><b> </b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="16" align="left" style="border-bottom: 3px solid #000000"> </td>
<td> </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 27.8 days at September 30, 2009, and the
average yield on the commercial paper was 0.54%. 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 September 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 September 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><br />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><br />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><br />At September 30, 2009, we had investments of $1.0 billion and lending arrangements of $537
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><br />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 September
30, 2009, we had remaining outstanding support agreements of $41 million to certain other funds
to support the value of certain investments held by those funds. We recorded a loss of $50
million in the first nine months of 2009 and a liability of $9 million at September 30, 2009, in
connection with support agreements. We do not consolidate these funds because we do not absorb
the majority of the expected future variability associated with the fund’s 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. In addition, in third quarter 2009, we purchased additional SIV investments from the
AAA-rated non-government money market funds at an amortized cost of $38 million which, upon
recording at fair value, resulted in a loss of $21 million. At September 30, 2009, the SIV
investments were recorded as debt securities in our securities available-for-sale portfolio.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Credit-linked
note structures</i><br />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 reduce risk-weighted assets for determining regulatory
capital ratios by structuring similar transactions that are indexed to the returns of a pool of
underlying loans that we own. These transactions reduce our risk-weighted assets because they
transfer a portion of the credit risk in the indexed pool of loans to the holders of the
credit-linked notes. 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 loans 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><br />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 September 30, 2009, we held in our securities
available-for-sale portfolio $3.1 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 on 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 September
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>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Trust
preferred securities</i><br />In addition to the involvements disclosed in the following table, we had $18.9 billion of
debt financing through the issuance of trust preferred securities at September 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 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: 5px">
<td colspan="16" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" 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: 10pt" 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: 10pt" 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: 10pt" 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="16" align="left" style="border-top: 1px 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">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 align="left"></td>
<td align="right">6,280</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">4,765</td>
<td> </td>
<td> </td>
<td align="left"></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="16" 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">
<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="16" 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="16" 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">$</td>
<td align="right">16,527</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">14,446</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">11,001</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">121</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-top: 2px solid #000000"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>September 30, 2009</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Secured borrowings:</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b> </b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px"><b>Municipal tender option bond securitizations</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>7,197</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>7,045</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>6,565</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></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>1,005</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,005</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>801</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>1,309</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,309</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,267</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>944</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>831</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>579</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" 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>10,455</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>10,190</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>9,212</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>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>2,839</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,106</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,112</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>15</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>2,117</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,109</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>265</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>45</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>1,809</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,517</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,099</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>16</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" 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>6,765</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,732</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,476</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>76</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" 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>17,220</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>14,922</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>11,688</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>76</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-top: 2px solid #000000"> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="16" align="left" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left">
<tr>
<td width="1%"></td>
<td width="1%"></td>
<td width="98"></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>
<div align="left" style="font-size: 12pt; margin-top: 10pt">In addition, we have issued approximately $6 billion of private placement debt financing through
a consolidated VIE. The issuance is classified as long-term debt in our consolidated financial
statements. We have pledged certain of its assets to collateralize the VIE’s borrowing.
Such assets were not transferred to the VIE and accordingly we have excluded the VIE
from the previous table.
</div>
<div align="left">
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- 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: 12pt"><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 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: 5px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended Sept. 30,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Nine months ended Sept. 30,</td>
<td> </td>
</tr>
<tr style="font-size: 10pt" 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"><!-- 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">Fair value, beginning 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 align="left"></td>
<td align="right">19,333</td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>14,714</b></td>
<td> </td>
<td> </td>
<td align="left"></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">57</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">191</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>1,517</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">851</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,045</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,642</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> </td>
<td align="right">—</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">(269</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" 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>1,517</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">908</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,079</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,564</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-top: 1px 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>
</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 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">(546</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>(2,586</b></td>
<td><b>)</b></td>
<td> </td>
<td> </td>
<td align="right">1,788</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> </td>
<td align="right"><b>(629</b></td>
<td>)</td>
<td> </td>
<td> </td>
<td align="right">(511</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>(2,707</b></td>
<td><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,931</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" 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>(2,707</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,057</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>(5,293</b></td>
<td><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(143</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" 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>14,500</b></td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">19,184</td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>14,500</b></td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">19,184</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-top: 2px solid #000000"> </td>
</tr>
<tr style="font-size: 5px">
<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: 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>Reflects refinements to initial December 31, 2008, Wachovia purchase accounting
adjustments.</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 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 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 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: 5px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended Sept. 30,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Nine months ended Sept. 30,</td>
<td> </td>
</tr>
<tr style="font-size: 10pt" 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"><!-- 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">Balance, beginning of period
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1,205</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right">442</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right"><b>1,446</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></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>—</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">7</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> </td>
<td align="right"><b>—</b></td>
<td> </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>21</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>43</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">17</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>(64</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>(202</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 style="font-size: 1px">
<td colspan="16" 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>$</b></td>
<td align="right"><b>1,162</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">433</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,162</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">433</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-top: 2px solid #000000"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Fair value of amortized MSRs:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Beginning of period
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1,311</b></td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">595</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right"><b>1,555</b></td>
<td> </td>
<td> </td>
<td align="left"></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>1,277</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">622</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,277</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">622</td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<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: 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>Based on September 30, 2009, assumptions, the weighted-average amortization period
for MSRs added during the third quarter and first nine months of 2009 was
approximately 19.9 years and 17.7 years, respectively.</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 valign="top">
<td nowrap="nowrap" align="left">(3)</td>
<td> </td>
<td>There was no valuation allowance recorded for the periods
presented. Commercial MSRs are evaluated for impairment purposes by
the following asset classes: agency and non-agency commercial
mortgage-backed securities (MBS), and loans.</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">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 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: 5px">
<td colspan="9" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2"><b>Sept. 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Dec. 31,</td>
<td> </td>
</tr>
<tr style="font-size: 10pt" 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"><!-- 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">Residential mortgage loans serviced for others (1)
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>1,419</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right">1,388</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Owned loans serviced (2)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>260</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">268</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:30px; text-indent:-15px">Total owned servicing of residential mortgage loans
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,679</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,656</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Commercial mortgage loans serviced for others
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>458</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">472</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Total owned servicing of loans
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,137</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,128</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Sub-servicing
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>21</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">26</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:60px; text-indent:-15px">Total managed servicing portfolio
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>2,158</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right">2,154</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-top: 2px 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>0.83</b></td>
<td nowrap="nowrap"><b>%</b></td>
<td> </td>
<td> </td>
<td align="right">0.87</td>
<td nowrap="nowrap"> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="9" 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: 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>Consists of 1-4 family first mortgage loans.</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 align="left" style="font-size: 12pt; margin-top: 6pt">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 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: 5px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended Sept. 30,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Nine months ended Sept. 30,</td>
<td> </td>
</tr>
<tr style="font-size: 10pt" 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="center" colspan="2">2008</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 5px">
<td colspan="17" align="left" style="border-top: 1px 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>
</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>1,039</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right">980</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right"><b>2,945</b></td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">2,903</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 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">(546</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> </td>
<td align="right">1,788</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>(629</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(511</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,707</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,931</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" 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 nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,707</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,057</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(5,293</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(143</td>
<td nowrap="nowrap">)</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>(64</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>(202</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:30px; text-indent:-15px">Net derivative gains (losses) from economic hedges (3)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>3,605</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">621</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6,019</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,684</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" 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>1,873</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">525</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,469</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,019</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>1,125</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">276</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,910</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,419</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>69</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">91</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>238</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">282</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" 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>3,067</b></td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">892</td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>8,617</b></td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">2,720</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-top: 2px 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>
</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>1,527</b></td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">75</td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>3,433</b></td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">104</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-top: 2px solid #000000"> </td>
</tr>
<tr style="font-size: 5px">
<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: 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>Principally reflects changes in discount rates and prepayment speed assumptions, mostly due
to changes in interest rates.</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 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 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 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: 5px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended Sept. 30,</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #000000">Nine months ended Sept. 30,</td>
<td> </td>
</tr>
<tr style="font-size: 10pt" 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: 5px">
<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><b>$</b></td>
<td align="right"><b>1,036</b></td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">990</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right"><b>3,187</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,927</b></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>75</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">70</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>241</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>214</b></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>22</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">33</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>118</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>109</b></td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="17" align="left" 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>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- 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: 12pt"><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 valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="5%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #000000"><b>Sept. 30, 2009</b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #000000">Dec. 31, 2008</td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="3"><b>Gross</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="3">Gross</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="3"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="3"><b>carrying</b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="3"><b>Accumulated</b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="3">carrying</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="3">Accumulated</td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="3"><b>value</b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="3"><b>amortization</b></td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="3">value</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="3">amortization</td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="17" valign="top" align="left" style="border-top: 1px 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>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">Amortized intangible assets:
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:15px; text-indent:-0px">MSRs (1)
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"><b>$</b></td>
<td align="right" valign="top"><b>1,588</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"><b></b></td>
<td align="right" valign="top"><b>426</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"></td>
<td align="right" valign="top">1,672</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"></td>
<td align="right" valign="top">226</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:15px; text-indent:-0px">Core deposit intangibles
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>14,738</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>3,777</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">14,188</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">2,189</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:15px; text-indent:-0px">Customer relationship and
other intangibles
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>3,347</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>842</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">3,988</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">486</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" valign="top" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:30px; text-indent:-0px">Total amortized intangible assets
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"><b>$</b></td>
<td align="right" valign="top"><b>19,673</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>5,045</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">19,848</td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">2,901</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" valign="top" align="left" style="border-top: 2px 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>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">MSRs (carried at fair value)(1)
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"><b>$</b></td>
<td align="right" valign="top"><b>14,500</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td align="left"></td>
<td align="right" valign="top">14,714</td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">Goodwill
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>24,052</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">22,627</td>
<td nowrap="nowrap" valign="top"> </td>
<td nowrap="nowrap" valign="top"> </td>
<td nowrap="nowrap" valign="top"> </td>
<td nowrap="nowrap" valign="top"> </td>
</tr>
<tr valign="bottom">
<td valign="top">
<div style="margin-left:0px; text-indent:-0px">Trademark
</div></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top"><b>14</b></td>
<td nowrap="nowrap" valign="top"> </td>
<td> </td>
<td> </td>
<td align="right" valign="top"> </td>
<td valign="top"> </td>
<td> </td>
<td nowrap="nowrap" align="right" valign="top"> </td>
<td align="right" valign="top">14</td>
<td nowrap="nowrap" valign="top"> </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>
<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>See Note 8 in this Report for additional information on MSRs.</td>
</tr>
</table>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The current year and estimated future amortization expense for intangible
assets as of September 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 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">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" 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: 10pt" 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="center" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 10pt" 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: 10pt" 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 (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="17" align="left" style="border-top: 1px 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>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Nine months ended September 30, 2009 (actual)</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>202</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>1,590</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>356</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>2,148</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="17" valign="top" align="left" style="border-top: 2px 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">264</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">2,114</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">474</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">2,852</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">225</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">2,417</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">197</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">2,060</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">159</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">1,811</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">124</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">1,604</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">106</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">1,444</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>
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left">
<tr>
<td width="2%"></td>
<td width="1%"></td>
<td width="97"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Includes amortization of lease intangibles reported in occupancy expense of $6 million for
the first nine months of 2009, and estimated amortization of $8 million for 2009, $7 million
for 2010, $7 million for 2011, $7 million for 2012, $3 million for 2013, and $3 million for
2014.</td>
</tr>
</table>
<div align="left" style="font-size: 12pt; margin-top: 10pt">We based our projections of amortization expense shown above on existing asset
balances at September 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 nine months 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 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>
</tr>
<tr style="font-size: 5px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" 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"> </td>
</tr>
<tr style="font-size: 10pt" 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">Brokerage and</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Consolidated</td>
<td> </td>
</tr>
<tr style="font-size: 10pt" 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">Retirement</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"><!-- 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">December 31, 2007
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">10,591</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">2,147</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">368</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">13,106</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: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> </td>
<td align="right">322</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">97</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">419</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">(4</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">(4</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" 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">September 30, 2008
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">10,909</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,243</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">368</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13,520</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-top: 2px solid #000000"> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>December 31, 2008</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>16,810</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>5,449</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>368</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>22,627</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>
</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>926</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>493</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,419</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>6</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>6</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" 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>September 30, 2009</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>17,742</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>5,942</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>368</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>24,052</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-top: 2px solid #000000"> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="17" align="left" 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>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- 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: 12pt"><b>10. GUARANTEES AND LEGAL ACTIONS</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 6pt"><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 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: 5px">
<td colspan="26" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 10pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #000000"><b>Sept. 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: 10pt" 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: 10pt" 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: 10pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right"><b>value</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right"><b>to loss</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right"><b>grade</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">value</td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">to loss</td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">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"><!-- 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">Standby letters of credit
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>145</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>50,895</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>21,861</b></td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">130</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">47,191</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">17,293</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Securities lending and other indemnifications
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>51</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>25,968</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,142</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>76</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>9,670</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)(2)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>894</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>8,125</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,708</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>84</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,501</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,463</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>8</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>142</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>101</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>68</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>1,267</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>100,566</b></td>
<td> </td>
<td> </td>
<td align="left"><b></b></td>
<td align="right"><b>34,275</b></td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">1,600</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">112,567</td>
<td> </td>
<td> </td>
<td align="left"></td>
<td align="right">26,552</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="25" align="left" style="border-top: 2px solid #000000"> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="26" 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: 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>Certain of these agreements are related to off-balance sheet entities and, accordingly, are
also disclosed in Note 7.</td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Written put options, which are in the form of derivatives, are also included in the
derivative disclosures in Note 11.</td>
</tr>
</table>
<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. There was
$26.7 billion at September 30, 2009, and $31.0 billion at December 31, 2008, in collateral
supporting loaned securities with values of $26.0 billion and $30.1 billion, respectively.
</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 nine months 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 September 30, 2009, the only remaining residual value guarantee that related to a
leasing transaction was 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>
</div>
<!-- PAGEBREAK -->
<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: 1pt">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>Elavon</u> On September 29, 2009, Elavon filed an amended complaint adding an additional party
to the litigation. On October 13, 2009, the court entered an order granting the motion to dismiss
of Wells Fargo & Company and Wells Fargo Bank, N.A. dismissing the tortious interference with
contract and the punitive damages counts as against those entities.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><u>Golden West and Related Litigation</u> On September 15, 2009 and on September 25, 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>Deka Investment GmbH v. Wachovia Corp. et al.</i>
and <i>Forsta AP-Fonden v. Wachovia Corp., et al., </i>respectively, were filed in the U.S. District Court
for the Southern District of New York. Following the transfer of 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, a consolidated class action complaint was filed on September 4, 2009
and the matter is now captioned <i>In Re Wachovia Preferred Securities and Bond/Notes Litigation. </i>On
September 29, 2009, a non-class action case containing allegations similar to the allegations in
the <i>In re Wachovia Preferred Securities and Bond/Notes litigation, </i>and captioned <i>City of Livonia
Employees’ Retirement System v. Wachovia Corp et al., </i>was filed in the Southern District of New
York. In addition, a number of other actions containing allegations similar to those in the <i>In re
Wachovia Equity Securities Litigation </i>have been filed in state courts in North Carolina and South
Carolina by individual shareholders.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><u>Illinois Attorney General Litigation</u> On October 9, 2009, the Company filed a motion to
dismiss Illinois’ complaint.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><u>Le-Nature’s, Inc.</u> On August 1, 2009, the trustee under the indenture for Le-Nature’s
Senior Subordinated Note filed claims against Wachovia Capital Markets seeking recovery for the
bondholders under a variety of theories. On September 16, 2009, the Judge in the action brought by
the Litigation Trustee dismissed a cause of action for breach of fiduciary duty but denied the
remainder of Wachovia’s motion to dismiss. On October 2, 2009, the Second Circuit affirmed the
dismissal of the action filed by certain bank debt holders in the Southern District of New York.
The action filed on behalf of holders of Le-Nature’s Senior Subordinated Notes is now pending in
the Superior Court of the State of California, County of Los Angeles.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><u>Municipal Derivatives Bid Practices Investigation </u> On April 30, 2009, the Court granted a
motion filed by Wachovia and certain other defendants to dismiss the Consolidated Class Action
Complaint and dismissed all claims against Wachovia, with leave to replead; a Second Consolidated
Amended Complaint was filed on June 18, 2009, and a motion to dismiss this complaint has been filed
and briefed. Putative class and individual actions brought in California were also amended on
September 15, 2009, including five non-class complaints filed in California which were amended with
new allegations and the addition of Wells Fargo & Co. as a defendant. All matters are being
coordinated in the Southern District of New York.
</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>
<div align="left">
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 11 - us-gaap:ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock-->
<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 in 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 that are designated as qualifying hedge contracts as defined by the Derivatives
and Hedging topic in the Codification 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 the Corporate Asset/Liability Management Committee
(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>
</div>
<!-- PAGEBREAK -->
<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: 8pt; 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: 8pt" valign="bottom">
<td nowrap="nowrap" align="left" colspan="24" style="border-bottom: 3px solid #000000"> </td>
<td> </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>Sept. 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="24" align="left" style="border-top: 1px solid #000000"> </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>Qualifying hedge contracts </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">Interest rate contracts (2)
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>134,050</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>8,263</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,771</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:30px; text-indent:-15px">Foreign exchange contracts
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>31,467</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,883</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>654</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 style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></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 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 nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total derivatives designated as qualifying
hedging instruments
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>10,146</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,425</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 style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></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 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 nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Derivatives not designated as hedging instruments</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>742,002</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6,418</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,798</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>7,657</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>61</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 purchased
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>627</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>324</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" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Other derivatives
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>4,534</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>67</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 style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></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 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 nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </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>6,939</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,935</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 style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></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 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 nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<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">
<td>
<div style="margin-left:45px; text-indent:-15px">Interest rate contracts
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,818,642</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>71,511</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>70,033</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" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Commodity contracts
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>90,586</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,280</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,263</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">
<td>
<div style="margin-left:45px; text-indent:-15px">Equity contracts
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>31,170</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,295</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,812</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" 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>200,588</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,873</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,433</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">
<td>
<div style="margin-left:45px; text-indent:-15px">Credit contracts — protection sold
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>126,915</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,452</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>12,774</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" 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>133,061</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>12,808</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,573</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">
<td>
<div style="margin-left:45px; text-indent:-15px">Other derivatives
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1,329</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>571</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>229</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 style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></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 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 nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </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>97,790</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>96,117</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 style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></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 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 nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total derivatives not designated as
hedging instruments
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>104,729</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>102,052</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 style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></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 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 nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<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>114,875</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>104,477</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 style="border-top: 1px solid #000000">
<div style="margin-left:15px; text-indent:-15px"> 
</div></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 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 nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<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>(86,639</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(95,208</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">
<div style="margin-left:15px; text-indent:-15px"> 
</div></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 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 nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </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> </td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>28,236</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>9,269</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: 5px">
<td colspan="24" align="left" style="border-bottom: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="24" align="left" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8.5pt; 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: 1pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Notional amounts presented exclude $24.6 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: 1pt">
<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: 1pt">
<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: 1pt">
<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 the accounting guidance
covering the offsetting of amounts related to certain contracts. The amount of cash collateral
netted against derivative assets and liabilities was $17.6 billion and $5.2 billion, respectively,
at September 30, 2009, and $17.7 billion and $22.2 billion, respectively, at December 31, 2008.</td>
</tr>
</table>
</div>
</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 fair value hedging relationships as defined by the Derivatives and Hedging topic in
the Codification.
</div>
<div align="center">
<table style="font-size: 9.5pt; 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: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="20" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" 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: 9.5pt" 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: 9.5pt" 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: 9.5pt" 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="20" align="left" style="border-top: 1px solid #000000"> </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>Quarter ended September 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">(84</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">484</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(7</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">94</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </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 nowrap="nowrap" align="left"> </td>
<td align="right">(242</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,292</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> </td>
<td align="right">270</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> </td>
<td align="right">253</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,297</td>
<td nowrap="nowrap">)</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 nowrap="nowrap" align="left"> </td>
<td align="right">(266</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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">$</td>
<td align="right">11</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Nine months ended September 30, 2009</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Gains (losses) recorded in net interest income
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(196</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,131</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">28</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">248</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </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 align="left"> </td>
<td align="right">552</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,177</td>
<td nowrap="nowrap">)</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> </td>
<td align="right">1,212</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">(543</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">2,086</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 nowrap="nowrap" align="left"> </td>
<td align="right">(1,217</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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">(91</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">(5</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 5px">
<td colspan="20" align="left" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="20" align="left" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8.5pt; 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>
<!-- 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 OCI 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 $212 million of deferred net gains on derivatives in OCI at September 30, 2009, will
be reclassified as earnings during the next twelve months, compared with $60 million of deferred
net 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 net gains recognized related to derivatives in cash flow hedging
relationships as defined by the Derivatives and Hedging topic in the Codification.
</div>
<div align="center">
<table style="font-size: 9.5pt; 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: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="8" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" 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">Nine months ended</td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Sept. 30, 2009</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Sept. 30, 2009</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-top: 1px solid #000000"> </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">Gains (after tax) recognized in OCI on derivatives (effective portion)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">196</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">68</td>
<td> </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">129</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">408</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">27</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">38</td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="8" align="left" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="8" align="left" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8.5pt; 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 gains of $3,605 million and
$6,019 million, respectively, in the third quarter and first nine months of 2009 and net derivative
gains of $621 million and losses of $1,684 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
asset of $1,460 million at September 30, 2009, and $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 OCI (net of tax) or, upon sale, are reported in
net gains (losses) on debt securities available for sale.
</div>
</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 for which we have elected fair value option, 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
was a net asset of $265 million at September 30, 2009, and $125 million at December 31, 2008,
and is included in the caption “Interest rate contracts” under “Customer accommodation, trading and
other free-standing derivatives” in the table on page 108.
</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 accounting guidance for
derivatives, the “embedded” derivative is separated from the host contract and accounted for as a
free-standing derivative.
</div>
</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 the Derivatives and Hedging topic of the
Codification.
</div>
<div align="center">
<table style="font-size: 9.5pt; 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: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="8" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" 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">Nine months ended</td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" valign="bottom">
<td nowrap="nowrap" align="left">(in millions)</td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Sept. 30, 2009</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="2">Sept. 30, 2009</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-top: 1px solid #000000"> </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"><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">1,780</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,836</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">2</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Foreign exchange contracts
</div></td>
<td> </td>
<td> </td>
<td align="right">24</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6</td>
<td> </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">(98</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(212</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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">1,708</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,633</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-top: 2px solid #000000"> </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"><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> </td>
<td align="right">1,274</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,084</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">27</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">426</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> </td>
<td align="right">14</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(25</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">(48</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(229</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">224</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">482</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">(459</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(557</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">(10</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(186</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:75px; text-indent:-15px">Subtotal
</div></td>
<td> </td>
<td> </td>
<td align="right">1,022</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,995</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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">2,730</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,628</td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="8" align="left" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="8" align="left" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8.5pt; 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 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>
</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: 9.5pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<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: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="28" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" 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: 9.5pt" 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">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: 9.5pt" 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">sold</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">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>
</tr>
<tr style="font-size: 9.5pt" 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">non-</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">protection</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: 9.5pt" 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">investment</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">sold</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">Range of</td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" 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">grade</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">maturities</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 1px solid #000000"> </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>
</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"><!-- 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">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">39,987</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 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">5,824</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 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">6,364</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 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">2,938</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 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">1,116</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 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">592</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 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">150</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 nowrap="nowrap" align="right">2009-2020</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="24" align="left" 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: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">56,971</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> </td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="24" align="left" style="border-top: 2px solid #000000"> </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>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>September 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"><!-- 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" 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>5,388</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>96,314</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>43,263</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>76,085</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>20,229</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>21,996</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>4,420</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6,359</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,108</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,109</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,250</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,839</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>354</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>16,221</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,522</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>16,176</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>45</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>150</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>1,834</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,783</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>4,664</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>119</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>169</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right"><b>2049-2052</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>758</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,260</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>726</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>819</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>141</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right"><b>2037-2052</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>19</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>510</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>492</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>498</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>721</b></td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right"><b>2010-2014</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>1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,468</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>841</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>1,456</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>100</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="24" align="left" 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:30px; text-indent:-15px"><b>Total credit derivatives</b>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>12,774</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>126,915</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>53,965</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>102,877</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>24,038</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>27,116</b></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="24" align="left" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="24" align="left" style="border-top: 3px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">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. 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. We believe the net protection sold, 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>
</div>
<!-- PAGEBREAK -->
<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 September 30, 2009, was $8.5 billion for which we have posted $8.0 billion
collateral in the normal course of business. If the credit-risk-related contingent features
underlying these agreements were triggered on September 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 on 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 outlined in the Derivatives and Hedging topic of the Codification,
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>
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
</div>
</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>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 new guidance impacting FASB ASC 820-10 effective January 1, 2009, which addresses
measuring fair value in situations where markets are inactive and transactions are not orderly.
Under the Fair Value Measurement and Disclosures topic of the Codification, transaction or quoted
prices for assets or liabilities in inactive markets may require adjustment due to the uncertainty
of whether the underlying transactions are orderly. Prior to our adoption of the new provisions for
measuring fair value, 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
change in guidance for fair value measurement, 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 the new fair value measurement provisions contained in FASB ASC 820-10, see Note
1 in this Report.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Under the fair value option accounting guidance included in FASB ASC 825-10, 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>
</div>
<!-- PAGEBREAK -->
<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">In accordance with the Fair Value Measurements and Disclosures topic of the Codification, 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: 1pt">
<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>Level 1 — Valuation is based upon quoted prices for identical instruments traded in active
markets.</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>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 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>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">In the determination of the classification of financial instruments in Level 2 or Level 3 of the
fair value hierarchy, we consider all available information, including observable market data,
indications of market liquidity and orderliness, and our understanding of the valuation techniques
and significant inputs used. For securities in inactive markets, we use a predetermined percentage
to evaluate the impact of fair value adjustments derived from weighting both external and internal
indications of value to determine if the instrument is classified as Level 2 or Level 3. Based upon
the specific facts and circumstances of each instrument or instrument category, judgments are made
regarding the significance of the Level 3 inputs to the instruments’ fair value measurement in its
entirety. If Level 3 inputs are considered significant, the instrument is classified as Level 3.
</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">In accordance with the Fair Value Measurements and Disclosures topic of the Codification, 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, as prescribed in the fair value hierarchy contained in FASB ASC
820-10.
</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 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">As required by FASB ASC 825-10, <i>Financial Instruments</i>, 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.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b>Assets</b>
</div>
<div align="left" style="font-size: 12pt"><i>Short-term financial assets</i>
</div>
<div align="left" style="font-size: 12pt">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 (excluding derivatives) and Securities available for sale</i>
</div>
<div align="left" style="font-size: 12pt">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. 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.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">Trading securities are mostly 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.
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">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, 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>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<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">We elected to carry our new
prime residential MHFS portfolio at fair value in accordance with
fair value option accounting guidance. 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">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">For the carrying value of loans, including PCI loans, see Note 1 (Summary of Significant Accounting
Policies — Loans) to Financial Statements in the 2008 Form 10-K. 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 financial instruments in accordance with FASB ASC 825-10. 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 financial instruments 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 and foreign 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>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<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 table on page 128. 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 $704 million at September 30, 2009, and $719 million at December
31, 2008. 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>
<div align="left" style="font-size: 12pt; margin-top: 10pt"><i>Derivatives</i>
</div>
<div align="left" style="font-size: 12pt">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">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">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">Nonmarketable equity investments are recorded under the cost or equity method of accounting.
Nonmarketable equity securities that fall within the scope of the American Institute of Certified
Public Accountants (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 in 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"><i>Deposit liabilities</i>
</div>
<div align="left" style="font-size: 12pt">Deposit liabilities are carried at historical cost. The Financial Instruments topic of the
Codification 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">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">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">Long-term debt is carried at amortized cost. However, we are required to estimate the fair value of
long-term debt in accordance with FASB ASC 825-10. 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>
</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: 9.5pt; 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: 5pt" valign="bottom">
<td nowrap="nowrap" align="left" colspan="20" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" 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="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td><p style="margin-top: 1em">
</p>
<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="20" align="left" style="border-top: 1px solid #000000"> </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">—</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="20" align="left" style="border-top: 1px solid #000000"> </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">—</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="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:75px; text-indent:-15px">Total securities available for sale
</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="20" align="left" style="border-top: 1px solid #000000"> </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> </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="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:90px; text-indent:-15px">Total
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">10,380</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">350,299</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">55,557</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(168,690</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">247,546</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Other liabilities (3)
</div></td>
<td> </td>
<td nowrap="nowrap" align="left">$</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="20" align="left" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Balance at September 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>
<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>2,950</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>17,562</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,493</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>23,005</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>366</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>91,842</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,792</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(77,807</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>20,193</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>1,228</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,268</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>2,496</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>4</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>12,664</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>962</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>13,630</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>87,503</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>87,503</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>31,686</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,406</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>34,092</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>9,404</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,860</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>11,264</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>128,593</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,266</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>132,859</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>8,957</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>245</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>9,202</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>3,263</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,263</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>3,289</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>13,170</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>16,459</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>1,232</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>154,771</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>21,906</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>177,909</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>775</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>809</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,489</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,073</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>1,475</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>344</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>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,832</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>2,250</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,153</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,502</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,905</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:75px; text-indent:-15px"><b>Total securities available for sale</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>3,482</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>155,924</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>24,408</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>183,814</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>29,561</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,874</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>33,435</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>201</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>201</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>14,500</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>14,500</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Other
assets (2)</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2,357</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>15,084</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,888</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(8,832</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>10,497</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>9,155</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>310,174</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>52,955</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(86,639</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>285,645</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Other
liabilities (3)</b>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"><b>$</b></td>
<td align="right"><b>(7,064</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(103,755</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(7,855</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>95,208</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(23,466</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5pt">
<td colspan="20" align="left" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8.5pt; text-align: left">
<tr>
<td width="1%"></td>
<td width="1%"></td>
<td width="98"></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 the accounting guidance covering the offsetting of amounts related to certain
contracts are met, positions with the same counterparty are netted as part of a legally
enforceable master netting agreement.</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 valign="top">
<td nowrap="nowrap" align="left">(3)</td>
<td> </td>
<td>Derivative liabilities are included in this category.</td>
</tr>
</table>
</div>
</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: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<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: 5pt" valign="bottom">
<td nowrap="nowrap" align="left" colspan="28" style="border-top: 3px solid #000000"> </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> </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</td>
<td>(1)</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</td>
<td>(2)</td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td><p style="margin-top: 1em">
</p>
<div style="margin-left:15px; text-indent:-15px">Quarter ended September 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">547</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(90</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">(4</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">453</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(72</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">443</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">(18</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(22</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">401</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">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">7</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">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">450</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(29</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(65</td>
<td nowrap="nowrap">)</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">439</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">785</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(26</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 nowrap="nowrap" align="left"> </td>
<td align="right">(23</td>
<td nowrap="nowrap">)</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">(4</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">343</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">297</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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">457</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(52</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(84</td>
<td nowrap="nowrap">)</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">782</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,089</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(26</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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">101</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">101</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 nowrap="nowrap" align="left"> </td>
<td align="right">(118</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(68</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">169</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">836</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">819</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">7,703</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">151</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">858</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,162</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">7,541</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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">8,603</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(181</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(19</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,092</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">456</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,951</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(26</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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">$</td>
<td align="right">8,604</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(181</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(19</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,092</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">456</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,952</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(26</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Mortgages held for sale
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">5,276</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(76</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(59</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">5,155</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">12</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">19,333</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,057</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">908</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19,184</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(546</td>
<td nowrap="nowrap">)(4)</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">(47</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(41</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(24</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">(111</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(105</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">(357</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(83</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">28</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(412</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(82</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Quarter ended September 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>
<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>2,475</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>149</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>(138</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>7</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,493</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>100</b></td>
<td nowrap="nowrap"><b>(3)</b></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>905</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>32</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>22</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>962</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: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>5,913</b></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"><b>216</b></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 nowrap="nowrap" align="left"> </td>
<td align="right"><b>(3,563</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>2,406</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(51</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>2,615</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>
<td> </td>
<td> </td>
<td align="right"><b>181</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(28</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(907</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>1,860</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>
</tr>
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>8,528</b></td>
<td> </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>397</b></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"><b>(4,470</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>4,266</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(95</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>286</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>(12</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>18</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>245</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>2,748</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>369</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>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,263</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(16</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>15,718</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>238</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(428</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,402</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>13,170</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>
</tr>
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>28,185</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>1,024</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(443</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(6,897</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>21,906</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(141</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>2,716</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>54</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(322</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>31</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,489</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>Other marketable equity securities</b>
</div></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 nowrap="nowrap" align="left"> </td>
<td align="right"><b>(3</b></td>
<td nowrap="nowrap"><b>)</b></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>(79</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>13</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>2,843</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>51</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(354</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(48</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>2,502</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>31,028</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>47</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,075</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(797</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(6,945</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>24,408</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(141</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 2px solid #000000"> </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>4,099</b></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> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(191</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>30</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,874</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(67</b></td>
<td nowrap="nowrap"><b>)(4)</b></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>15,690</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,707</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>1,517</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>14,500</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,078</b></td>
<td nowrap="nowrap"><b>)(4)</b></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 nowrap="nowrap" align="left"> </td>
<td align="right"><b>(206</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>1,085</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>(952</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(288</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(362</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>274</b></td>
<td nowrap="nowrap"><b>(4)</b></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>1,226</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>7</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,224</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(13</b></td>
<td nowrap="nowrap"><b>)(4)</b></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>(852</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(137</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>(40</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>(8</b></td>
<td><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,037</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(144</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 5pt">
<td colspan="28" align="left" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8.5pt; text-align: left">
<tr>
<td width="1%"></td>
<td width="1%"></td>
<td width="98"></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 valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Represents only net gains (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 valign="top">
<td nowrap="nowrap" align="left">(3)</td>
<td> </td>
<td>Included in other noninterest income in the income statement.<br /></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>
</table>
</div>
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center">
<table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<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: 5pt" valign="bottom">
<td nowrap="nowrap" align="left" colspan="28" style="border-top: 3px solid #000000"> </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> </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</td>
<td>(1)</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</td>
<td>(2)</td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td nowrap="nowrap">
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em">
Nine months ended September 30, 2008
</p>
</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">23</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">453</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">93</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 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">(36</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(7</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">278</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">401</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">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">(106</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(90</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">51</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">444</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">785</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(94</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 nowrap="nowrap" align="left"> </td>
<td align="right">(23</td>
<td nowrap="nowrap">)</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">(4</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">343</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">297</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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">(129</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(109</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">47</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">794</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,089</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(94</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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">101</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">101</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 nowrap="nowrap" align="left"> </td>
<td align="right">(118</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(68</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">169</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">836</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">819</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 nowrap="nowrap" align="left"> </td>
<td align="right">(9</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(146</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">2,689</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">281</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,541</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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">(258</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(359</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">2,999</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,189</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,951</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(94</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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">$</td>
<td align="right">5,381</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(258</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(359</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">2,999</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,189</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,952</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(94</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Mortgages held for sale
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">146</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">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">714</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,329</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,155</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(33</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">16,763</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">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,564</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19,184</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,796</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> </td>
<td align="right">6</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(531</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">413</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(111</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(113</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">(280</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(184</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">52</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(412</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(184</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr>
<td> </td>
</tr>
<tr valign="bottom">
<td nowrap="nowrap">
<div style="margin-left:15px; text-indent:-15px"><b>Nine months ended September 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>
<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>3,495</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>191</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>(1,536</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>343</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,493</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>252</b></td>
<td nowrap="nowrap"><b>(3)</b></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>903</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>45</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>47</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>962</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">
<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>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">
<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>(55</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>1,100</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(723</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,426</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>2,406</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(202</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>286</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>
<td> </td>
<td> </td>
<td align="right"><b>928</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>21</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>744</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,860</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(55</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>3,800</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>2,028</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(702</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(686</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>4,266</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(257</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>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>44</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 nowrap="nowrap" align="left"> </td>
<td align="right"><b>(78</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>245</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>2,083</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>558</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>233</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>3,263</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(71</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>12,799</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>1,302</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,229</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,233</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>13,170</b></td>
<td> </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="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>19,867</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> </td>
<td align="right"><b>3,977</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>802</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,733</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>21,906</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(421</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>2,775</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>169</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(556</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>5</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,489</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>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>(4</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>30</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(63</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>13</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>2,825</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>165</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(526</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(58</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>2,502</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="28" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>22,692</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>4,142</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>276</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,791</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>24,408</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(422</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 1px">
<td colspan="28" align="left" style="border-top: 2px solid #000000"> </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>4,718</b></td>
<td> </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>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(662</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(116</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td> </td>
<td align="right"><b>3,874</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(77</b></td>
<td nowrap="nowrap"><b>)(4)</b></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>14,714</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(5,293</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>5,079</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>14,500</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(2,586</b></td>
<td nowrap="nowrap"><b>)(4)</b></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>37</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,079</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>(1,454</b></td>
<td nowrap="nowrap"><b>)</b></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>(362</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(252</b></td>
<td nowrap="nowrap"><b>)(4)</b></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>1,231</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(42</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>35</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,224</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(40</b></td>
<td nowrap="nowrap"><b>)(4)</b></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>(638</b></td>
<td nowrap="nowrap"><b>)</b></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>—</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(74</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 nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,037</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(318</b></td>
<td nowrap="nowrap"><b>)</b></td>
</tr>
<tr style="font-size: 5pt">
<td colspan="28" align="left" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8.5pt; text-align: left">
<tr>
<td width="1%"></td>
<td width="1%"></td>
<td width="98"></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 valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Represents only net gains (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 valign="top">
<td nowrap="nowrap" align="left">(3)</td>
<td> </td>
<td>Included in other noninterest income in the income statement.</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 valign="top">
<td nowrap="nowrap" align="left">(5)</td>
<td> </td>
<td>Represents total unrealized gains of $1,788 million, net of losses of $8 million related to
sales, in the first nine months of 2008.</td>
</tr>
</table>
</div>
</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: 9.5pt; 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: 5pt" valign="bottom">
<td nowrap="nowrap" align="left" colspan="24" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" 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: 9.5pt" 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="24" 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"><p style="margin-top: 1em">
December 31, 2008
</p>
</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>
<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: 5pt">
<td colspan="24" align="left" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>September 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>
<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>572</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,590</b></td>
<td> </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>2,948</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>38</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>9</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>46</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,841</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2</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>496</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,104</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>1,666</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>117,275</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>777</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>2,912</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4</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>296</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>732</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</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,817</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>46</b></td>
<td> </td>
</tr>
<tr style="font-size: 5pt">
<td colspan="24" 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 during the nine months ended September 30, 2009, and year ended
December 31, 2008, that were still held in the balance sheet at each respective period end, the
following table provides the fair value hierarchy and the carrying value of the related individual
assets or portfolios at quarter end.
</div>
<div align="center">
<table style="font-size: 9.5pt; 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: 5pt" valign="bottom">
<td nowrap="nowrap" align="left" colspan="16" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" 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: 9.5pt" 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="16" 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"><p style="margin-top: 1em">
December 31, 2008
</p>
</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>
<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 style="font-size: 5pt">
<td colspan="24" align="left" style="border-bottom: 3px solid #000000"> </td>
</tr>
<tr>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>September 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>
<td> </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>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,058</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>703</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,761</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>489</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>489</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Loans
(1)</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,383</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>251</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,634</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<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>39</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>39</b></td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Foreclosed
assets (2)</b>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</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>44</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>281</b></td>
<td> </td>
</tr>
<tr valign="bottom">
<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>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>127</b></td>
<td> </td>
</tr>
<tr style="font-size: 5pt">
<td colspan="16" 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: 8.5pt; text-align: left">
<tr>
<td width="1%"></td>
<td width="1%"></td>
<td width="98"></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 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>
</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 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: 9.5pt; 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: 5pt" valign="bottom">
<td nowrap="nowrap" align="left" colspan="8" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Nine months ended Sept. 30</td>
<td>, </td>
</tr>
<tr style="font-size: 9.5pt" 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="8" 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"><p style="margin-top: 1em">
Mortgages held for sale
</p>
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"><b>$</b></td>
<td align="right"><b>(12</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(153</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>143</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(25</td>
<td nowrap="nowrap">)</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>(9,692</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4,167</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>(89</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(29</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>(125</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(136</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 nowrap="nowrap" align="left"> </td>
<td align="right"><b>(12</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>
</tr>
<tr style="font-size: 1px">
<td colspan="8" 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"><b>$</b></td>
<td align="right"><b>(9,787</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4,516</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td colspan="8" align="left" style="border-top: 2px solid #000000"> </td>
</tr>
<tr style="font-size: 5pt">
<td colspan="8" 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: 8.5pt; text-align: left">
<tr>
<td width="1%"></td>
<td width="1%"></td>
<td width="98"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Represents write-downs of loans based on the appraised value of the collateral.</td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </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: 10pt"><b>Fair Value Option</b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The following table reflects the differences between fair value carrying amount of MHFS for which
we have elected the fair value option and the aggregate unpaid principal amount we are
contractually entitled to receive at maturity.
</div>
<div align="center">
<table style="font-size: 9.5pt; 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: 5pt" valign="bottom">
<td nowrap="nowrap" align="left" colspan="24" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="10" style="border-bottom: 1px solid #000000"><b>Sept. 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: 9.5pt" 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: 9.5pt" 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: 9.5pt" 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: 9.5pt" 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: 9.5pt" 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: 9.5pt" 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: 9.5pt" 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="24" 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"><p style="margin-top: 1em">
Mortgages held for sale
reported at fair value:
</p>
</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">Total loans
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>33,435</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>33,144</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>291</b></td>
<td nowrap="nowrap"><b>(1)</b></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:30px; text-indent:-15px">Nonaccrual loans
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>277</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>566</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(289</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:30px; text-indent:-15px">Loans 90 days or more
past due and still accruing
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>63</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>73</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">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:30px; text-indent:-15px">Total loans
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>201</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>194</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7</b></td>
<td> </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:30px; text-indent:-15px">Nonaccrual loans
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2</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">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: 5pt">
<td colspan="24" 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: 8.5pt; text-align: left">
<tr>
<td width="1%"></td>
<td width="1%"></td>
<td width="98"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </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>
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">The assets accounted for under the fair value option 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: 9.5pt; 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: 5pt" valign="bottom">
<td nowrap="nowrap" align="left" colspan="20" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" 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: 9.5pt" 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: 9.5pt" 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: 9.5pt" 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="20" 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"><p style="margin-top: 1em">
<b>Quarter ended September 30,</b>
</p>
</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 nowrap="nowrap">
<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>$</b></td>
<td align="right"><b>1,541</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">595</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Other noninterest income
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>—</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(88</td>
<td nowrap="nowrap">)</td>
</tr>
<tr>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Nine months ended September 30,</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Mortgage banking noninterest income:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td nowrap="nowrap">
<div style="margin-left:45px; text-indent:-15px">Net gains on mortgage loan
origination/sales activities (1)
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>3,834</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">1,444</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>93</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>83</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">27</td>
<td> </td>
</tr>
<tr style="font-size: 5pt">
<td colspan="20" 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: 8.5pt; text-align: left">
<tr>
<td width="1%"></td>
<td width="1%"></td>
<td width="98"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </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: 10pt">Interest income on MHFS 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: 10pt">For MHFS that are accounted for under the fair value option, the estimated amount of losses
included in earnings attributable to instrument-specific credit risk was $82 million and $200
million for the third quarter and nine months ended September 30, 2009, respectively, and $57
million and $195 million for the third quarter and nine months ended September 30, 2008,
respectively. For performing loans, instrument-specific credit risk gains or losses were derived
principally by determining the change in fair value of the loans due to changes in the observable
or implied credit spread. Credit spread is the market yield on the loans less the relevant
risk-free benchmark interest rate. Since the second half of 2007, spreads have been significantly
impacted by the lack of liquidity in the secondary market for mortgage loans. For nonperforming
loans, we attribute all changes in fair value to instrument-specific credit risk.
</div>
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt"><b><i>Disclosures about Fair Value of Financial Instruments</i></b>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">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: 10pt">In accordance with FASB ASC 825-10, 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="left" style="font-size: 12pt; margin-top: 10pt">The carrying amount of loans at December 31, 2008, in the table below includes $443,480 million
acquired from Wachovia. Under the purchase method of accounting, these loans were recorded at fair
value upon acquisition, and accordingly, the carrying value and fair value at December 31, 2008 were
the same. Although the purchase accounting adjustments for the acquired Wachovia loans included a
write-down on PCI loans, the carrying amount was also increased to reflect the decline in interest rates
at the time of acquisition in relation to the previous contractual rates on the loans. A decline in interest
rates increases the fair value of loans in relation to the carrying amount except when the carrying
amount has already been increased to reflect the reduction in interest rates, as was the case for Wachovia’s loan
portfolio as of December 31, 2008.
</div>
<div align="center">
<table style="font-size: 9.5pt; 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: 5pt" valign="bottom">
<td nowrap="nowrap" align="left" colspan="16" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000"><b>Sept. 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: 9.5pt" 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: 9.5pt" 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="16" 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"><p style="margin-top: 1em">
<b>Financial assets</b>
</p>
</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>2,103</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,103</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>5,645</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>5,761</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>775,924</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>753,821</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>8,934</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>9,002</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:30px; text-indent:-15px">Deposits
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>796,748</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>797,389</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:30px; text-indent:-15px">Long-term debt (3)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>214,216</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>214,684</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: 5pt">
<td colspan="16" 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: 8.5pt; text-align: left">
<tr>
<td width="1%"></td>
<td width="1%"></td>
<td width="98"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Balance excludes mortgages held for sale for which the fair value option under ASC 825-10 was
elected, and therefore includes nonprime residential and commercial mortgages held for sale.</td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>Balance excludes loans held for sale for which the fair value option under ASC 825-10
was elected.</td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(3)</td>
<td> </td>
<td>The carrying amount and fair value exclude obligations under capital leases of $76
million at September 30, 2009, and $103 million at December 31, 2008.</td>
</tr>
</table>
</div>
<div align="left" style="font-size: 12pt; margin-top: 10pt">The carrying amount and estimated fair value for loans at September 30, 2009, were lower than at
December 31, 2008, primarily because total loans outstanding declined
in the first nine months of 2009.
</div>
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- 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: 8pt; 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: 5pt" valign="bottom">
<td nowrap="nowrap" align="left" colspan="24" style="border-top: 3px solid #000000"> </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" style="border-bottom: 1px solid #000000"><b>Sept. 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="24" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em"><b>
Series D </b>(1)
</p>
</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>23,039</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,961</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>
<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>
<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>
<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>
<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, $1,000
liquidation preference per share, 4,025,000
shares authorized
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>3,968,000</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,968</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,200</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>768</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,200</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">768</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="24" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:36px; text-indent:-15px">Total
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>9,591,921</b></td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>34,470</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>31,110</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>3,360</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="24" align="left" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5pt">
<td colspan="24" align="left" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left">
<tr>
<td width="1%"></td>
<td width="1%"></td>
<td width="98"></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 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: 0pt">
<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>Series A – Non-Cumulative Perpetual Preferred Stock, Series A, $100,000 liquidation
preference per share, 25,001 shares authorized</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>Series B – Non-Cumulative Perpetual Preferred Stock, Series B, $100,000 liquidation
preference per share, 17,501 shares authorized</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>Series G – 7.25% Class A Preferred Stock, Series G, $15,000 liquidation preference per
share, 50,000 shares authorized</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>Series H – Floating Class A Preferred Stock, Series H, $20,000 liquidation preference per
share, 50,000 shares authorized</td>
</tr>
</table>
</div>
</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="1%" 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 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 increase our common stock dividend (currently $0.05 per share
per quarter), 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: 8pt; 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: 5pt" valign="bottom">
<td nowrap="nowrap" align="left" colspan="24" style="border-top: 3px solid #000000"> </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">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"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6"> </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>Sept. 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>Sept. 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="24" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em">
<b>ESOP Preferred Stock </b>(1)
</p>
</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>127,418</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>127</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>106,624</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">110,159</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>107</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>80,572</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>60,437</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>44,425</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">45,950</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>44</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>28,250</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">29,218</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>28</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>18,249</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>10,073</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>2,572</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 nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </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> </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>478,620</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">519,900</td>
<td> </td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>479</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">520</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Unearned ESOP shares (2)
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"><b>$</b></td>
<td align="right"><b>(511</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 nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 2px solid #000000"> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr style="font-size: 5pt">
<td colspan="24" align="left" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8pt; text-align: left">
<tr>
<td width="1%"></td>
<td width="1%"></td>
<td width="98"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Liquidation preference $1,000. Additional paid-in capital included $32 million at September
30, 2009, and $35 million at December 31, 2008, related to preferred stock.</td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(2)</td>
<td> </td>
<td>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>
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- 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: 9.5pt; 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: 5pt" valign="bottom">
<td nowrap="nowrap" align="left" colspan="24" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" 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: 9.5pt" 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: 9.5pt" 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: 9.5pt" 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>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="24" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em">
<b>Quarter ended September 30,</b>
</p>
</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>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>4</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">73</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3</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>150</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>20</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">69</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5</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 (1)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>20</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">3</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> </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">—</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</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> </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>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="24" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>$</b></td>
<td align="right"><b>12</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>11</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>16</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">23</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="24" align="left" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Nine months ended September 30,</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Service cost
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>209</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>10</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">219</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10</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>444</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>32</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>62</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">207</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">30</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>(483</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>(21</b></td>
<td nowrap="nowrap"><b>)</b></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>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(30</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 (1)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>174</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">10</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>(3</b></td>
<td nowrap="nowrap"><b>)</b></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 nowrap="nowrap" align="left"> </td>
<td align="right">(4</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3</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="24" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>312</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>50</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">68</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">33</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="24" align="left" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5pt">
<td colspan="24" align="left" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8.5pt; text-align: left">
<tr>
<td width="1%"></td>
<td width="1%"></td>
<td width="98"></td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(1)</td>
<td> </td>
<td>Net actuarial loss is generally amortized over five years.</td>
</tr>
</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 OCI 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">These actions lowered pension cost by approximately $187 million for third quarter 2009, and $312
million for the first nine months of 2009, which included $67 million of one-time curtailment
gains. These actions are expected to reduce pension cost in fourth quarter 2009 by approximately
$188 million.
</div>
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 12pt; margin-top: 10pt">Although we will not be required to make a contribution in 2009 for the Cash Balance Plan, our decision on how much to contribute, if any, will be based on the maximum deductible contribution under the Internal Revenue Code and other factors, including the actual investment performance of plan assets during 2009. Given these uncertainties, we cannot estimate at this time the amount, if any, that we will contribute in 2009 to the Cash Balance Plan.
</div>
<div align="left">
</div>
</div>
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<!-- 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: 9.5pt; 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: 5pt" valign="bottom">
<td nowrap="nowrap" align="left" colspan="17" style="border-top: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 9.5pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Quarter ended Sept. 30</td>
<td>, </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Nine months ended Sept. 30</td>
<td>, </td>
</tr>
<tr style="font-size: 9.5pt" 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"><p style="margin-top: 1em">
Wells Fargo net income (numerator)
</p>
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>3,235</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,637</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>9,452</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,389</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>(598</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>(1,856</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="16" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>$</b></td>
<td align="right"><b>2,637</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,637</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7,596</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,389</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Earnings per common share</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Average common shares outstanding (denominator)
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>4,678.3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,316.4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,471.2</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,309.6</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Per share
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>0.56</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">0.49</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1.70</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1.63</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-top: 2px solid #000000"> </td>
<td> </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>4,678.3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,316.4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,471.2</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,309.6</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>27.7</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14.5</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>13.8</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13.7</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:44px; text-indent:-15px">Restricted share rights
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>0.4</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">0.1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>0.3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">0.1</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-top: 1px solid #000000"> </td>
<td> </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>4,706.4</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,331.0</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,485.3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,323.4</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-top: 2px solid #000000"> </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>0.56</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">0.49</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1.69</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1.62</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="16" align="left" style="border-top: 2px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 5pt">
<td colspan="17" 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">At September 30, 2009, options and warrants to purchase 284.5 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 September 30, 2008, options to purchase 173.7 million shares were antidilutive and, accordingly,
were not included on a share-equivalent basis in the calculation of diluted earnings per common
share.
</div>
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
</div>
</div>
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<!-- 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>, a 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>
</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><sup style="font-size: 85%; vertical-align: text-top">®</sup></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 corporate items (such as integration expenses) not specific to a business segment and
elimination of certain items that are included in more than one business segment.
</div>
</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: 9.5pt; 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: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="41" style="border-top: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 9.5pt" valign="bottom">
<td nowrap="nowrap" align="left"> </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: 9.5pt" 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 (3)</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000">Company</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="41" align="left" style="border-top: 0px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">
<font style="white-space: nowrap">average balances in billions)</font>
</div></td>
<td> </td>
<td> </td>
<td align="right"><b>2009</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2008</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2009</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2008</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2009</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2008</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2009</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2008</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2009</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2008</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="41" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">
<font style="white-space: nowrap"><b>Quarter ended September 30,</b></font>
</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>
<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">Net interest income (1)
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>8,700</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,293</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,535</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,065</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>743</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">223</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(294</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(200</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>11,684</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,381</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>4,572</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,202</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,361</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">294</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>234</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3</td>
<td> </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">(4</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>6,111</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,495</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>6,443</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,209</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,381</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">631</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,223</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">458</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(265</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(302</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>10,782</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,996</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>6,802</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,982</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,630</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,329</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,314</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">498</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(62</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(308</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>11,684</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,501</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="41" 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>3,769</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,318</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>925</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">73</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>418</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">180</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(441</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(190</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>4,671</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,381</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>1,046</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">764</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>325</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(30</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>151</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>(167</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(72</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>1,355</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">730</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="41" 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>2,723</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,554</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>600</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">103</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>267</b></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"><b>(274</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>3,316</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,651</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"><b>56</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14</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"><b>23</b></td>
<td> </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>81</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="41" 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>$</b></td>
<td align="right"><b>2,667</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,540</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>598</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">103</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>244</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">112</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(274</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(118</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>3,235</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,637</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="41" style="border-top: 2px solid #000000"> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Average loans
</div></td>
<td> </td>
<td align="left"><b>$</b></td>
<td align="right"><b>534.7</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">287.1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>247.0</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">116.3</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>45.4</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15.9</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(16.9</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(15.1</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>810.2</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">404.2</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>785.2</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">452.3</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>369.3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">158.1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>108.6</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19.1</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(17.0</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(15.3</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>1,246.1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">614.2</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>530.3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">252.8</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>146.9</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">64.4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>116.4</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">23.5</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(34.3</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(20.6</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>759.3</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">320.1</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="41" style="border-top: 2px 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"><font style="white-space: nowrap"><b>Nine months ended September 30,</b></font>
</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>25,981</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15,246</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7,381</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,116</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,244</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">576</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(782</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(519</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>34,824</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">18,419</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>12,840</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,833</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,644</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">701</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>374</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(103</b></td>
<td nowrap="nowrap"><b>)</b></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"><b>15,755</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,535</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>17,922</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10,328</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7,680</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,170</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6,347</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,422</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(783</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(939</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>31,166</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13,981</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>21,625</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12,187</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>7,968</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,031</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>6,822</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,480</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(216</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(910</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>36,199</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16,788</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="41" 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>9,438</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,554</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>4,449</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,554</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,395</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">509</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(1,246</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(540</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>14,036</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,077</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>2,734</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,265</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>1,590</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">385</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>531</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">193</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(473</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(205</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>4,382</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,638</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="41" 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>6,704</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,289</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,859</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,169</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>864</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">316</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(773</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(335</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>9,654</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,439</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>190</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">43</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>14</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>(2</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>202</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">50</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="41" 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>6,514</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,246</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>2,845</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,162</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>866</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">316</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(773</b></td>
<td nowrap="nowrap"><b>)</b></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(335</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>9,452</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,389</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="41" style="border-top: 2px 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>542.7</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">284.4</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>260.7</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">108.3</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>46.0</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>(16.3</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>833.1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">393.3</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>794.1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">441.3</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>384.8</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">149.9</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>107.6</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">17.9</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right"><b>(16.4</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>1,270.1</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">594.7</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>537.4</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">250.2</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>141.2</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">65.8</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><b>110.9</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">22.3</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">(19.7</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right"><b>759.7</b></td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">318.6</td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="41" 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: 8.5pt; 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: 1pt">
<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>
<tr style="font-size: 1pt">
<td> </td>
</tr>
<tr valign="top">
<td nowrap="nowrap" align="left">(3)</td>
<td> </td>
<td>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.</td>
</tr>
</table>
</div>
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 17 - us-gaap:ScheduleOfCondensedFinancialStatementsTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 10pt"><b>17. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS</b>
</div>
<div align="left" style="font-size: 10pt; 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: 10pt; 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: 5px">
<td nowrap="nowrap" align="left" colspan="21" style="border-top: 2px 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">Quarter ended Sept. 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">2,411</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">(2,411</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">200</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">( 200</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">827</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,346</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">10,170</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">480</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">( 480</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">104</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">27</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,662</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,798</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">3,195</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">854</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13,008</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,089</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">13,968</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">917</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(12</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">905</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">32</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">156</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">( 167</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">32</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">761</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">304</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">592</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">( 356</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,301</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">46</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">46</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">793</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">315</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">( 535</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">2,284</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">2,402</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">539</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,297</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,554</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">11,684</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">463</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,648</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,111</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">2,402</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">76</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,649</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,554</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">5,573</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">32</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,844</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,876</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">339</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">57</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,186</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(676</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">4,906</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">339</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">89</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,030</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">( 676</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">10,782</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">29</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">42</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,442</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,513</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">110</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">179</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,589</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(707</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">5,171</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">139</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">221</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12,031</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">( 707</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">11,684</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">2,602</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">4,648</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,523</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">4,671</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">(175</td>
<td nowrap="nowrap">)</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">1,548</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,355</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">458</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">( 458</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">3,235</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(38</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,100</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,981</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,316</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">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">80</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">81</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">3,235</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(39</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,020</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,981</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,235</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</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: 9.5pt; 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: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="21" style="border-top: 3px solid #000000"> </td>
</tr>
<tr style="font-size: 9.5pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="18" style="border-bottom: 1px solid #000000">Quarter ended Sept. 30, 2008</td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" 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: 9.5pt" 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: 9.5pt" 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"> 
</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">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">501</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">(501</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">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,312</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,590</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">6,888</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">716</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">(716</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">69</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">26</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,823</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(32</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,886</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="21" 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">1,286</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,338</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,413</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,263</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">8,774</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="21" style="border-top: 1px 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">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">1,128</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(109</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,019</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">141</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">58</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">542</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(249</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">492</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">686</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">443</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">(404</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">882</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="21" 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">827</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">501</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,827</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(762</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">2,393</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="21" style="border-top: 1px 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>Net interest income</b>
</div></td>
<td> </td>
<td> </td>
<td align="right">459</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">837</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,586</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(501</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">6,381</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">648</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,847</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,495</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="21" 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">459</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">189</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,739</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(501</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,886</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="21" style="border-top: 1px 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>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">109</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,621</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,730</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">(42</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">39</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,697</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(428</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,266</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="21" 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 nowrap="nowrap" align="left"> </td>
<td align="right">(42</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">148</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,318</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(428</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,996</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="21" style="border-top: 1px 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>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 nowrap="nowrap" align="left"> </td>
<td align="right">(82</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">151</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,050</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,119</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">46</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">285</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,479</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(428</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">2,382</td>
<td> </td>
</tr>
<tr style="font-size: 1px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="21" 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 nowrap="nowrap" align="left"> </td>
<td align="right">(36</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">436</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,529</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(428</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">5,501</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td nowrap="nowrap" align="left" colspan="21" style="border-top: 1px 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>Income (loss) before income tax expense (benefit) and equity in
undistributed income of subsidiaries</b>
</div></td>
<td> </td>
<td> </td>
<td align="right">453</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(99</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">2,528</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(501</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">2,381</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">(31</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">810</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">730</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">1,135</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">(1,135</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td nowrap="nowrap" align="left" colspan="21" style="border-top: 1px 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>Net income (loss) before noncontrolling interests</b>
</div></td>
<td> </td>
<td> </td>
<td align="right">1,637</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(68</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,718</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,636</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,651</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">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td nowrap="nowrap" align="left" colspan="21" style="border-top: 1px 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>Parent, WFFI, Other and Wells Fargo net income (loss)</b>
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">1,637</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(69</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,705</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,636</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,637</td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td nowrap="nowrap" align="left" colspan="21" style="border-top: 2px solid #000000"> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="21" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; 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: 5px">
<td nowrap="nowrap" align="left" colspan="21" style="border-top: 2px 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">Nine months ended Sept. 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">3,128</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">(3,128</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">409</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">( 409</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">2,679</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">28,800</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(12</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">31,467</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">1,711</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">(1,711</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">331</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">80</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10,704</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,115</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">5,579</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,759</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">39,504</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5,260</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">42,582</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">2,894</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(33</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">2,861</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">146</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">28</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">730</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">( 694</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">210</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">2,650</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,010</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,074</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,169</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">4,565</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">122</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">122</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">2,796</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,038</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,820</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,896</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">7,758</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">2,783</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,721</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">33,684</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,364</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">34,824</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">1,486</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14,269</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15,755</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">2,783</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">235</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19,415</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,364</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">19,069</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">115</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16,871</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16,986</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">653</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">128</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15,211</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,812</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">14,180</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">653</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">243</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">32,082</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,812</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">31,166</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">311</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">92</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19,329</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19,732</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">373</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">550</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">17,385</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,841</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">16,467</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">684</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">642</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">36,714</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,841</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">36,199</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">2,752</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(164</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">14,783</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,335</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">14,036</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">(409</td>
<td nowrap="nowrap">)</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">4,844</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,382</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">6,291</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">(6,291</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">9,452</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(111</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">9,939</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(9,626</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">9,654</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">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">201</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">202</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">9,452</td>
<td> </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">9,738</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(9,626</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">9,452</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</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: 9.5pt; 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: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="20" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="18" style="border-bottom: 1px solid #000000">Nine months ended Sept. 30, 2008</td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" 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: 9.5pt" 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: 9.5pt" 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"><p style="margin-top: 1em">
Dividends from subsidiaries:
</p>
</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">1,656</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">(1,656</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">4,058</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16,894</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">20,906</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">2,286</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">(2,286</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">163</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">81</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,141</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(121</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">5,264</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">4,118</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,139</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">22,035</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4,122</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">26,170</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"><!-- 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">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">4,055</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(379</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">3,676</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">397</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">197</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,475</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(795</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,274</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">2,201</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,402</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">479</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,281</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">2,801</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">2,598</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,599</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,009</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,455</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">7,751</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"><!-- 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>Net interest income</b>
</div></td>
<td> </td>
<td> </td>
<td align="right">1,520</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,540</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16,026</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,667</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">18,419</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">1,628</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,907</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,535</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">1,520</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">912</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10,119</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,667</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">10,884</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"><!-- 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>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">329</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,630</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,959</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">325</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">139</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,902</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,344</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">6,022</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">325</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">468</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14,532</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,344</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">13,981</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"><!-- 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>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 nowrap="nowrap" align="left"> </td>
<td align="right">(167</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">635</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,295</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9,763</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">(14</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">838</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,545</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,344</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">7,025</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 nowrap="nowrap" align="left"> </td>
<td align="right">(181</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,473</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16,840</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,344</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">16,788</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"><!-- 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>Income (loss) before income tax expense and equity in
undistributed income of subsidiaries</b>
</div></td>
<td> </td>
<td> </td>
<td align="right">2,026</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(93</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">7,811</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,667</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">8,077</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">47</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(19</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">2,610</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,638</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">3,410</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">(3,410</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"><!-- 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>Net income (loss) before noncontrolling interests</b>
</div></td>
<td> </td>
<td> </td>
<td align="right">5,389</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(74</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">5,201</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5,077</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">5,439</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">1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">49</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">50</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"><!-- 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>Parent, WFFI, Other and Wells Fargo net income (loss)</b>
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">5,389</td>
<td> </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">5,152</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5,077</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">5,389</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="20" align="left" style="border-top: 2px solid #000000"> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="20" align="left" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; 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: 5px">
<td nowrap="nowrap" align="left" colspan="21" style="border-top: 2px 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">Sept. 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">28,436</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">201</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(28,637</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">189</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">34,535</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">34,724</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">4,908</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,702</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">176,204</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">183,814</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">41,384</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">41,384</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">35,863</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">765,858</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,777</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">799,952</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">8,060</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">(8,060</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">60,068</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">(60,068</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">(1,837</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(22,191</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">(24,028</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">68,136</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">34,026</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">743,667</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(69,905</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">775,924</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">127,042</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">(127,042</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">21,072</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">(21,072</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">12,494</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,473</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">198,945</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(20,133</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">192,779</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">$</td>
<td align="right">262,088</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">38,591</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,194,735</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(266,789</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,228,625</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Liabilities and equity</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Deposits
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">821,672</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(24,924</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">796,748</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">1,522</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11,179</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">54,172</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(36,073</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">30,800</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">6,080</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,438</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">71,697</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(21,354</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">57,861</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">122,312</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">24,495</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">93,995</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(26,510</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">214,292</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">10,024</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">(10,024</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">139,938</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">37,112</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,041,536</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(118,885</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,099,701</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">122,150</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,464</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">146,440</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(147,904</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">122,150</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">6,759</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,774</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">122,150</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,479</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">153,199</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(147,904</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">128,924</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">262,088</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">38,591</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,194,735</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(266,789</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,228,625</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 1px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</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: 9.5pt; 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: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="20" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" 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: 9.5pt" 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: 9.5pt" 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: 9.5pt" 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"><p style="margin-top: 1em">
<b>Assets</b>
</p>
</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" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em">
Loans
</p>
</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"><p style="margin-top: 1em">
Total assets
</p>
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">275,653</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">47,883</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,265,513</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(279,410</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">1,309,639</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td colspan="21" align="left" style="border-top: 2px solid #000000"> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em">
<b>Liabilities and equity</b>
</p>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px">Deposits
</div></td>
<td> </td>
<td align="left">$</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 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"><p style="margin-top: 1em">
Total liabilities and equity
</p>
</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: 5px">
<td colspan="21" align="left" style="border-top: 2px solid #000000"> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="21" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</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: 9.5pt; 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: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="16" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="14" style="border-bottom: 1px solid #000000">Nine months ended Sept. 30, 2009</td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" 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: 9.5pt" 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: 9.5pt" 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: 9.5pt" 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"><p style="margin-top: 1em">
<b>Cash flows from operating activities:</b>
</p>
</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">4,113</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,271</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">19,866</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">25,250</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"><p style="margin-top: 1em">
<b>Cash flows from investing activities:</b>
</p>
</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">655</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">679</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">45,003</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">46,337</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">267</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">28,479</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">28,746</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">(346</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,422</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(87,627</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(89,395</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">(646</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">44,983</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">44,337</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">4,569</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,569</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">(2,007</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,007</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">7,815</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,409</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10,224</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">(3,886</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(3,231</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(7,117</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">14,988</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(14,988</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">(80</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">80</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">7,179</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(7,179</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">(5,209</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,209</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">1</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(356</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(355</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">22,486</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">147</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">16,959</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">39,592</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 by investing activities
</div></td>
<td> </td>
<td> </td>
<td align="right">39,673</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,955</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">32,171</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">74,799</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"><p style="margin-top: 1em">
<b>Cash flows from financing activities:</b>
</p>
</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">15,212</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15,212</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">(20,492</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">(59,522</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(77,274</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">3,665</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,138</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,803</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">(20,158</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(7,002</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(28,172</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(55,332</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">(1,616</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">(1,616</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">9,590</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">9,590</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">(80</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">(80</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">(1,891</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">(1,891</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">9</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</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">(35</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">35</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">(31,008</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4,262</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(71,309</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(106,579</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"><p style="margin-top: 1em">
<b>Net change in cash and due from banks</b>
</p>
</div></td>
<td> </td>
<td> </td>
<td align="right">12,778</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">(19,272</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(6,530</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em">
Cash and due from banks at beginning of period
</p>
</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"><p style="margin-top: 1em">
<b>Cash and due from banks at end of period</b>
</p>
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">28,436</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">390</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(11,593</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">17,233</td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="17" align="left" style="border-top: 2px solid #000000"> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</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: 9.5pt; 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: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="16" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="14" style="border-bottom: 1px solid #000000">Nine months ended Sept. 30, 2008</td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" 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: 9.5pt" 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: 9.5pt" 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: 9.5pt" 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"><p style="margin-top: 1em">
<b>Cash flows from operating activities:</b>
</p>
</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">160</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,419</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10,622</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12,201</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td nowrap="nowrap" colspan="17" align="right" style="border-top: 1px 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>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">2,511</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">710</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">36,477</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">39,698</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">247</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15,632</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15,879</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">(2,770</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,013</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(70,598</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(74,381</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">(1,177</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(30,829</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(32,006</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">1,843</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,843</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">(4,329</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(4,329</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">11,614</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">3,848</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">15,462</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">(11,085</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2,795</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(13,880</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">(5,146</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,146</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">(708</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">708</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">6,179</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(6,179</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">(450</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">450</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 nowrap="nowrap" align="left"> </td>
<td align="right">(427</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">(163</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(590</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">(34</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(34</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">430</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">(5,713</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(5,272</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td nowrap="nowrap" colspan="17" align="right" 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">(381</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(693</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(56,536</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(57,610</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td nowrap="nowrap" colspan="17" align="right" style="border-top: 1px 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>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">7,370</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7,370</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> </td>
<td align="right">8,006</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,360</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">18,432</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">31,798</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">13,529</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,113</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8,109</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">22,751</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">(13,678</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(7,269</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">5,508</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(15,439</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">1,269</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">1,269</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">(1,162</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">(1,162</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">(3,178</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">(3,178</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">104</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">104</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td nowrap="nowrap" colspan="17" align="right" 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">4,890</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">39,419</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">43,513</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td nowrap="nowrap" colspan="17" align="right" style="border-top: 1px 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:60px; text-indent:-15px"><b>Net change in cash and due from banks</b>
</div></td>
<td> </td>
<td> </td>
<td align="right">4,669</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(70</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(6,495</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,896</td>
<td nowrap="nowrap">)</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">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 nowrap="nowrap" colspan="17" align="right" style="border-top: 1px 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>Cash and due from banks at end of period</b>
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">19,658</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">413</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(7,210</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">12,861</td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td nowrap="nowrap" colspan="17" align="right" style="border-top: 2px solid #000000"> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="17" align="left" style="border-top: 3px solid #000000"> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left">
</div>
</div>
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- 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: 10pt"><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 September 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: 9.5pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="30%"> </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="1%"> </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="1%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
<td width="1%"> </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="1%"> </td>
<td width="1%"> </td>
<td width="3%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 5px" valign="bottom">
<td nowrap="nowrap" align="left" colspan="40" style="border-top: 3px solid #000000"> </td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" 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="14">To be well capitalized</td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" 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="14">under the FDICIA</td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" 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="14">For capital</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="14">prompt corrective</td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" 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="14" style="border-bottom: 1px solid #000000">adequacy purposes</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="14" style="border-bottom: 1px solid #000000">action provisions</td>
<td> </td>
</tr>
<tr style="font-size: 9.5pt" 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="6">Amount</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6">Ratio</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6">Amount</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right" colspan="6">Ratio</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr style="font-size: 1px">
<td colspan="40" align="left" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:15px; text-indent:-15px"><p style="margin-top: 1em">
As of September 30, 2009:
</p>
</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:30px; 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>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<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">Wells Fargo & Company
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">150.1</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">14.66</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></td>
<td> </td>
<td align="left">$</td>
<td align="right">81.9</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">8.00</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:45px; text-indent:-15px">Wells Fargo Bank, N.A.
</div></td>
<td> </td>
<td> </td>
<td align="right">53.5</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">11.82</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></td>
<td> </td>
<td> </td>
<td align="right">36.2</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></td>
<td> </td>
<td align="right">8.00</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></td>
<td> </td>
<td align="left">$</td>
<td align="right">45.3</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></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:45px; text-indent:-15px">Wachovia Bank, N.A.
</div></td>
<td> </td>
<td> </td>
<td align="right">60.9</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">13.60</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></td>
<td> </td>
<td> </td>
<td align="right">35.8</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></td>
<td> </td>
<td align="right">8.00</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></td>
<td> </td>
<td> </td>
<td align="right">44.8</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></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>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<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">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>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<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">Wells Fargo & Company
</div></td>
<td> </td>
<td> </td>
<td align="right">108.8</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">10.63</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></td>
<td> </td>
<td> </td>
<td align="right">41.0</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></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>
<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">Wells Fargo Bank, N.A.
</div></td>
<td> </td>
<td> </td>
<td align="right">38.1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8.41</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></td>
<td> </td>
<td> </td>
<td align="right">18.1</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></td>
<td> </td>
<td align="right">4.00</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></td>
<td> </td>
<td> </td>
<td align="right">27.2</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></td>
<td> </td>
<td align="right">6.00</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Wachovia Bank, N.A.
</div></td>
<td> </td>
<td> </td>
<td align="right">39.6</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">8.85</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></td>
<td> </td>
<td> </td>
<td align="right">17.9</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></td>
<td> </td>
<td align="right">4.00</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></td>
<td> </td>
<td> </td>
<td align="right">26.9</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></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>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<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">Tier 1 capital (to average assets)
(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>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<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">Wells Fargo & Company
</div></td>
<td> </td>
<td> </td>
<td align="right">108.8</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">9.03</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></td>
<td> </td>
<td> </td>
<td align="right">48.2</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></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>
<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">Wells Fargo Bank, N.A.
</div></td>
<td> </td>
<td> </td>
<td align="right">38.1</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7.13</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></td>
<td> </td>
<td> </td>
<td align="right">21.4</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></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 align="right"><font style="font-family: Symbol">³</font></td>
<td> </td>
<td> </td>
<td align="right">26.7</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></td>
<td> </td>
<td align="right">5.00</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #eeeeee">
<td>
<div style="margin-left:45px; text-indent:-15px">Wachovia Bank, N.A.
</div></td>
<td> </td>
<td> </td>
<td align="right">39.6</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">7.87</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></td>
<td> </td>
<td> </td>
<td align="right">20.2</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></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 align="right"><font style="font-family: Symbol">³</font></td>
<td> </td>
<td> </td>
<td align="right">25.2</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right"><font style="font-family: Symbol">³</font></td>
<td> </td>
<td align="right">5.00</td>
<td> </td>
</tr>
<tr style="font-size: 5px">
<td colspan="40" align="left" style="border-bottom: 3px solid #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div style="margin-top: 3pt">
<table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8.5pt; 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>
<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, GNMA,
FHLMC and FNMA. At
September 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 September 30,
2009, each of these subsidiaries met these requirements.
</div>
</div>
false
--12-31
2009-09-30
10-Q
0000072971
4685063588
Yes
Large Accelerated Filer
77500000000
WELLS FARGO & CO/MN
No
Yes
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