Treasury's most recent Transactions Report reveals a loss of $2,334,120,000 from two institutions in bankruptcy. Last week, CIT Group, Inc.'s $2.3 billion Contingent Value Rights (CVR) "expired without value" due to a failure to meet the terms and conditions of the distribution plan to the holders of CVRs, and Treasury's $4 million investment in Pacific Coast National Bancorp, whose subsidiary bank failed in November 2009, was "extinguished" in connection with the dismissal of its bankruptcy proceedings. Neither Pacific Coast's creditors nor its investors made any recovery.

Currently, UCBH Holdings, Inc. is in bankruptcy, following the failure of its bank subsidiaries in November 2009. Treasury holds $298,737,000 of the institution's preferred stock.