CONFIDENTIAL-Feldberg Presentation-000001

CONFIDENTIAL-Feldberg Presentation-000002

CONFIDENTIAL-Feldberg Presentation-000003

CONFIDENTIAL-Feldberg Presentation-000004

CONFIDENTIAL-Feldberg Presentation-000005

CONFIDENTIAL-Feldberg Presentation-000006

CONFIDENTIAL-Feldberg Presentation-000007

CONFIDENTIAL-Feldberg Presentation-000008

CONFIDENTIAL-Feldberg Presentation-000009

CONFIDENTIAL-Feldberg Presentation-000010

CONFIDENTIAL-Feldberg Presentation-000011

CONFIDENTIAL-Feldberg Presentation-000012

CONFIDENTIAL-Feldberg Presentation-000013

Beginning Cash Position 2 3 Sources: 4 Subsidiary Dividends 5 Long-Term Debt Issued 3,700 6 Inflows from Subsidiaries (debt repayment) 2,315 7 Oher (LoTS I Common & Pfd stock) 8,050 8 Total Sources:

9 Uses: 10 Intercompany Loans, net 11 Investments in Subsidiaries (ind UHRl... purchases) 12 Long-Term Debt Matured 13 Corporate Dividends (common & pfd) 14 Cpen-Market RJrchases 14 ARS RJrchase 15 Net Oher Common Stock Pctivity 16 Olange in Com'l Paper 17 Oher

11,750

404 (2,300)

(698) (896)

0 339

62

2,315

(250) (1,560) (1,164)

(397)

(803) 3

(250) (600)

(2,082) (228)

(3,10~)1

(250) (80)

(2,159) (368)

3

(250) (250) (65) (50) (96) (2,314)

(229) (368)

(900) 5 5

(3,088)

CONFIDENTIAL-Feldberg Presentation-000014

CONFIDENTIAL-Feldberg Presentation-000015

CONFIDENTIAL-Feldberg Presentation-000016

CONFIDENTIAL-Feldberg Presentation-000017

CONFIDENTIAL-Feldberg Presentation-000018

140

Total Other Consumer Time Deposits Total Savings and NOW Accounts

135

9125: WaMJ

4114: $350rm loss in 1Q08

9/25: WBMJ ae~:11 ~

0'" '"~70 offer

00 65 ~I----~--~--~--~----~--~--~----~--~--~ Dec-07 Jan-08 Feb-08 !v'I!Ir-OS Apr-OS May-08 Jun-OS Jul-OS Aug-OS Sep-OS Dec-07 Jan-OS Feb-OS r.JI!Ir-OS Apr-OS May-OS Jun-OS Jul-OS Aug-OS Sep-oa

• CD promotion in June brought in more than $15 billion prior to 2Q08 results, more than making up for decline in savings and MMDA 19

CONFIDENTIAL-Feldberg Presentation-000019

70

65

60

Consumer Money Market Deposits

excluding sweeps from AG Edwards customers

Including sweeps from AG Edwards

Dec-07 Jan-DB Feb-DB Mar-OS Apr-DB May-OS Jun-OS Jul-OS

410

405

365

360

355

350

345

340

Total Core Deposits

4/14: $350rm

excluding swups from AG Edwards customers

Dec-07 Jan-OS Feb-08 Mar-08 Apr-OS May-08 Jun-OB Jul-OB Aug-OS Sap-08

CONFIDENTIAL-Feldberg Presentation-000020

Total Core Deposits Comrrercial Money Market-GLPE

CONFIDENTIAL-Feldberg Presentation-000021

Wachovia CDS 1,400 ..

1,420

1,200

1,000

800 9125: WaMl deal 820

600 9115: Lehman 620

420

220

Wachovia Sub Debt Spreads to Treasuries

• •

.~

.-.II"li"'!1!i:l\"'''iH''!'''''i''':i[hW f

P 1'.. ,1 1

i! LeBO averageJ I.",""",,,,,", ." I R a" n .

Jan-OS Feb-OS Mar-OS Apr-OS May-OS Jun-os Jul-OS Aug-OS Sep-os Oct-OS

CONFIDENTIAL-Feldberg Presentation-000022

CONFIDENTIAL-Feldberg Presentation-000023

CONFIDENTIAL-Feldberg Presentation-000024

CONFIDENTIAL-Feldberg Presentation-000025

CONFIDENTIAL-Feldberg Presentation-000026

CONFIDENTIAL-Feldberg Presentation-000027

CONFIDENTIAL-Feldberg Presentation-000028

CONFIDENTIAL-Feldberg Presentation-000029

CONFIDENTIAL-Feldberg Presentation-000030