Federal Deposit
Insurance Corporation

Investment Strategies - Fourth Quarter 2012

Deposit Insurance Fund

4^th Quarter 2012 Strategy

Purchase up to $10 billion (par value) of available-for-sale (AFS) securities with maturity dates between March 31, 2013, and March 31, 2016, subject to the following additional restrictions: no more than $7 billion (par value) of such securities shall have maturity dates beyond March 31, 2014; no more than $4 billion (par value) of such securities shall have maturity dates beyond March 31, 2015; and no more than $4 billion (adjusted par value) of such securities shall consist of Treasury Inflation-Protected Securities.

Strategy Changes for 1^st Quarter 2013

Purchase up to $4 billion (par value) of available-for-sale (AFS) securities with maturity dates between June 30, 2013, and June 30, 2016, subject to the following additional restrictions: no more than $3 billion (par value) of such securities shall have maturity dates beyond June 30, 2014; no more than $2 billion (par value) of such securities shall have maturity dates beyond June 30, 2015; and no more than $2 billion (adjusted par value) of such securities shall consist of Treasury Inflation-Protected Securities.

Debt Guarantee Program

4^th Quarter 2012 Strategy

Invest all available funds in overnight investments and/or in short-maturity AFS Treasury bills with maturities not exceeding December 27, 2012.

Strategy 1^st Quarter 2013

No investment strategy for the first quarter of 2013, as the portfolio was terminated at year-end 2012.

4^th Quarter 2012 Strategy

Maintain an overnight deposit target floor balance within a range of $100 million to $300 million.

Strategically invest the remaining funds in the zero- to 12-month maturity sector.

Strategy Changes for 1^st Quarter 2013

No strategy changes for the first quarter of 2013.