More Housing Pain

U.S. Banks 1Q Charge-Off and Delinquency Rates

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               1Q     4Q     3Q     2Q     1Q     4Q     3Q     2Q     1Q
              2009   2008   2008   2008   2008   2007   2007   2007   2007
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              ------------------------Charge-Off Rates----------------------
Total           2.04%  1.90%  1.51%  1.29%  1.00%  0.73%  0.62%  0.55%  0.52%
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Real estate     1.57%  1.74%  1.29%  1.09%  0.69%  0.36%  0.22%  0.20%  0.13%
Residential    1.80%  1.58%  1.49%  1.19%  0.85%  0.44%  0.26%  0.20%  0.15%
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               1Q     4Q     3Q     2Q     1Q     4Q     3Q     2Q     1Q
              2009   2008   2008   2008   2008   2007   2007   2007   2007
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Commercial     1.33%  2.19%  1.11%  0.99%  0.48%  0.40%  0.16%  0.14%  0.08%
Consumer loans  4.75%  4.11%  3.63%  3.35%  2.94%  2.66%  2.57%  2.37%  2.34%
Credit cards   7.49%  6.33%  5.70%  5.46%  4.59%  4.18%  4.14%  3.83%  3.86%
Other          2.93%  2.71%  2.42%  2.18%  1.95%  1.74%  1.59%  1.50%  1.41%
Leases          0.83%  0.65%  0.57%  0.55%  0.36%  0.24%  0.31%  0.20%  0.21%
C&I loans       1.77%  1.40%  1.03%  0.85%  0.68%  0.64%  0.51%  0.44%  0.38%
Agriculture     0.42%  0.28%  0.18%  0.16%  0.08%  0.12%  0.10%  0.11%  0.08%
              ----------------------Delinquency Rates-----------------------
Total           5.60%  4.64%  3.74%  3.36%  2.86%  2.45%  2.15%  1.88%  1.73%
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Real estate     7.13%  5.87%  4.91%  4.23%  3.55%  2.88%  2.41%  2.01%  1.77%
Residential    7.91%  6.34%  5.25%  4.42%  3.73%  3.02%  2.78%  2.31%  2.05%
Commercial     6.40%  5.43%  4.75%  4.20%  3.44%  2.74%  2.00%  1.64%  1.41%
Consumer loans  4.70%  4.22%  3.71%  3.58%  3.51%  3.38%  3.19%  3.01%  2.94%
Credit cards   6.50%  5.66%  4.80%  4.89%  4.76%  4.61%  4.41%  4.01%  3.97%
Other          3.53%  3.33%  3.06%  2.82%  2.77%  2.64%  2.49%  2.38%  2.29%
Leases          2.09%  1.82%  1.64%  1.53%  1.37%  1.33%  1.19%  1.04%  1.21%
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               1Q     4Q     3Q     2Q     1Q     4Q     3Q     2Q     1Q
              2009   2008   2008   2008   2008   2007   2007   2007   2007
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C&I loans       3.13%  2.58%  1.77%  1.75%  1.44%  1.31%  1.21%  1.18%  1.19%
Agriculture     1.71%  1.43%  1.23%  1.10%  1.06%  1.14%  1.17%  1.35%  1.17%
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