Drill Down on USA Inc. Periodic Large One-Time Charges

Drill Down on USA Inc. Periodic Large One-Time Charges Rising Debt Periodic Large Level & Interest One-Time Payments Charges Entitlement Spending Note: *denotes F2010 net income / net loss of respective programs, data per White House OMB. 1) Medicare and Social Security net loss excludes Trust Fund interest income. 2) TARP net loss includes proceeds from sale of warrants. TARP is KP Troubled Asset Relief Program; ARRA is American Recovery & Reinvestment Act programs. (@)E) www.kpcb.com USA Inc. | Income Statement Drilldown 177 One-Time Charges: Unusually High in F2009 & F2010 with Financial + Economic Crisis | F2011 Net Sum of Net One-Time Charges to USA Inc. ($B) F2008 F2009 F2010 YTD* 4 Years Government-Sponsored Enterprises (GSEs) $14 $97 $41 _ $152 Fannie Mae -- 60 23 -- 83 Freddie Mac $14 37 18 — 69 Troubled Asset Relief Program (TARP)* - $261 -$26 -$23 $213 Banks -- 134 -85 -28 21 Automakers -- 78 -6 -14 58 AIG -- 49 -- 20 69 Individual Homeowners -- 0 39 -1 38 Other Financial Institutions -- - 22 - 22 Consumers & Small Businesses -- - 4 - 4 American Recovery and Reinvestment Act (ARRA)** - $40 $137 - $177 Education -- 21 50 -- 71 Nutrition Assistance -- 5 11 -- 16 Transportation -- 4 15 -- 19 Tax Credits -- 2 33 -- 35 Energy - 1 5 -- 6 Other — 7 23 - 30 Net Total One-Time Charges ($B) $14 | $398 $152 -$23 $542 Note: Federal fiscal year ends in September. *TARP one-time charges include repayments & dividends; F2011 TARP data as of 2/11, per US Treasury; F2011 YTD GSE & ARRA data not available. **ARRA one-time charges exclude funds used by entitlement programs such as Social Security / Medicare / KP Medicaid / Unemployment. Source: Congressional Budget Office, Dept of Treasury. (@E) www.kpcb.com USA Inc. | Income Statement Drilldown 178 HOUSE_OVERSIGHT_020930