PENSION PLANS AND OTHER POST RETIREMENT BENEFITS (Tables)

12 Months Ended

Dec. 31, 2010

Schedule of allocation of plan assets

Categories	Total 2010		Level 1		Level 2		Level 3
Fixed-income securities		9,404		7,455		1,891		58
Federal government securities		7,334		7,334		-		-
Private securities		2,070		121		1,891		58
Real estate receivable certificate		13		-		-		13
Other securities		2,057		121		1,891		45
Other types of investments		13		-		-		13
Mezanino Fund		13		-		-		13
Variable-income securities		1,462		1,462		-		-
Shares		490		490		-		-
Group shares		972		972		-		-
Real estate		349		-		-		349
Total		11,228		8,917		1,891		420

Categories	Total 2009		Level 1		Level 2		Level 3
Fixed-income securities		12,725		10,519		2,179		27
Federal government securities		9,859		9,854		5		-
Private securities		2,866		665		2,174		27
Real estate receivable certificate		19		-		-		19
Other securities		2,847		665		2,174		8
Other types of investments		12		-		-		12
Mezanino Fund		12		-		-		12
Variable-income securities		1,490		1,490		-		-
Shares		436		436		-		-
Group shares		1,054		1,054		-		-
Real estate		310		-		-		310
Total		14,537		12,009		2,179		349

Schedule of changes in level 3 plan assets

Schedule of changes in plan assets and the projected benefit obligation:

Pension plans	Quarter ended March 31, 2010
(I) Projected benefit obligation
At the beginning of the period		6,649
Effect of curtailment recognized in income		(1,071	)
Recalculation of benefit obligations to settlement amount		1,144
Partial settlement – Amounts credited to individual accounts of Itaubanco CD Defined Contribution Plan		(3,668	)
Service cost		51
Interest cost		168
Benefits paid		(42	)
Actuarial loss (gain)		18
At the end of the period		3,249

(II) Plan assets at market value
At the beginning of the period		9,020
Partial settlement and transfer of assets to Itaubanco CD Defined Contribution Plan		(5,144	)
Return on plan assets		343
Benefits paid		(42	)
At the end of the period		4,177

(III) Funded status (II - I)		928

Pension plans	2010			2009			2008
(I) Projected benefit obligation
At the befinning of the year		11,990			11,078			9,368
Effect of curtailment recognized in income		(1,071	)		-			-
Recalculation of benefit obligations to settlement amount		1,144			-			-
Partial settlement - Amounts credited to individual accounts of Itaubanco CD Defined Contribution Plan		(3,668	)		-			-
UBB Prev and Banorte Plans		-			186			-
Basic Redecard Plan		-			43			-
Service cost		127			240			209
Benefits paid		(769	)		(539	)		(466	)
Interest cost		953			1,133			937
Actuarial loss (gain)		1,164			(151	)		1,029
At the end of the year		9,870			11,990			11,078

(II) Plan assets at market value		14,537			12,657			12,585
At the beginning of the year		-			-			-
Partial settlement and transfer of assets to Itaubanco CD Defined Contribution Plan		(5,144	)		-			-
UBB Prev and Banorte Plans		-			191			-
Basic Redecard Plan		-			45			-
Contributions received
Employer		41			35			24
Employees		10			34			32
Return on plan assets		2,553			2,113			482
Benefits paid		(769	)		(538	)		(466	)
At the end of the year		11,228			14,537			12,657

(III) Funded status (II - I)		1,358			2,547			1,579

Prepaid pension benefits (accrued pension benefits), net		1,358			2,547			1,579
Pension plan prepaid assets (Note 14)		1,481			2,743			1,903
Accrued retirement plan benefits (Note 18)		(123	)		(196	)		(324	)

Schedule of net period pension cost

	12/31/2010			12/31/2009			12/31/2008
Service cost		127			240			209
Interest cost		953			1,133			937
Expected return on plan assets		(1,328	)		(1,558	)		(1,524	)
Amortization of actuarial loss (gain)		(10	)		1			(113	)
Gains on curtailment of PAC		(1,071	)		-			-
Loss on partial settlement of PAC – recognition in income on a pro rata basis of the amount recorded in other comprehensive income		72			-			-
Employee contributions		(9	)		(9	)		(9	)
Net pension cost (benefit)		(1,266	)		(193	)		(500	)

Estimated Future Benefit Payments

Schedule of actuarial assumptions

	2010			2009			2008
Discount rate for determining projected benefit obligations		9.7	%		10.2	%		10.2	%
Rate of increase in compensation levels (depending on the specific group of employees)	4% to 7.1		%	4% to 7.1		%	4% to 7.1		%
Expected long-term rate of return on plan assets		12.3	%		12.3	%		12.3	%