Investment Strategies - Third Quarter 2012

Deposit Insurance Fund

3^rd Quarter 2012 Strategy

Purchase up to $9 billion (par value) of available-for-sale (AFS) securities with maturity dates between December 31, 2012, and December 31, 2015, subject to the following additional restrictions: no more than $6 billion (par value) of such securities shall have maturity dates beyond December 31, 2013; no more than $4 billion (par value) of such securities shall have maturity dates beyond December 31, 2014; and no more than $4 billion (adjusted par value) of such securities shall consist of Treasury Inflation-Protected Securities.

Strategy Changes for 4^th Quarter 2012

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.

Debt Guarantee Program

3^rd 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 4^th Quarter 2012

No strategy changes for the fourth quarter of 2012.

3^rd 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 4^th Quarter 2012

No strategy changes for the fourth quarter of 2012.