Exhibit 99.1

		NEWS RELEASE
		For more information, contact:
		Paul D. Borja
		Executive Vice President / CFO
		(248) 312-2000
		FOR IMMEDIATE RELEASE

FLAGSTAR REPORTS 2009 FINANCIAL RESULTS

TROY, Mich. (February 1, 2010) — Flagstar Bancorp, Inc. (NYSE:FBC), the holding company for Flagstar Bank FSB, today reported its fourth quarter and annual results for 2009.

Flagstar reported a 2009 fourth quarter net loss of $71.6 million, or $(0.15) per share (diluted) as compared to a third quarter 2009 net loss of $298.2 million, or $(0.64) per share (diluted) and a fourth quarter 2008 net loss of $218.5 million, or $(2.62) per share (diluted). For the year ended December 31, 2009, Flagstar’s net loss was $513.8 million, or $(1.62) per share (diluted), as compared to a 2008 net loss of $275.4 million, or $(3.82) per share (diluted).

On a pre-tax, pre-credit cost basis, earnings before preferred dividends were $113.7 million in the fourth quarter 2009, as compared to such earnings of $58.8 million in the third quarter 2009.

Capital

At December 31, 2009, the wholly owned subsidiary Flagstar Bank remained “well-capitalized” for regulatory purposes, with capital ratios of 6.19% for Tier 1 capital and 11.68% for total risk-based capital.

On January 27, 2010, the Company announced that it had raised $300 million of capital through a previously announced rights offering. Had this capital been received on December 31, 2009, our capital ratios would have been 8.15% for Tier 1 capital and 15.28% for total risk-based capital.

“While we continue to manage through the asset quality issues on our legacy balance sheet, this significant investment of capital is an affirmative statement about the Flagstar franchise,” said Flagstar Chairman and CEO Joseph P. Campanelli. “We have learned from experience that, to be successful, a turnaround requires a strong management team, a sound business plan and the capital to implement that plan. We are excited about the success we have had with our progress to date in bringing these components together.”

Assets

Total assets at December 31, 2009 were $14.0 billion as compared to $14.8 billion at September 30, 2009. The decrease was primarily a result of the decline in securities available for sale, trading securities and loans held for investment. Total assets were $14.2 billion at December 31, 2008.

Operations

For the fourth quarter 2009, the net loss applicable to common stockholders of $71.6 million reflected the following:

•

Gain on loan sales decreased to $96.5 million as compared to $104.4 million for the third quarter 2009, reflecting both the decrease in interest rate locks on mortgage loans, to $7.9 billion in the fourth quarter 2009 from $8.7 billion in the third quarter 2009, and the decrease in residential mortgage loan sales, to $7.1 billion as compared to $7.6 billion in the third quarter of 2009. Margin on loan sales decreased slightly during the fourth quarter 2009 to 1.35% from 1.37%.

	•		Provision for loan losses decreased to $95.0 million as compared to $125.5 million for the third quarter of 2009.
	•		Loan fees, resulting from originating loans, decreased slightly to $27.8 million in the fourth quarter 2009 as compared to $29.4 million during the third quarter 2009. Loan originations were $6.9 billion for the fourth quarter 2009 as compared to $6.6 billion for third quarter 2009.
	•		Net loan administration income reflected a gain of $27.4 million (partially offset by a loss of approximately $0.5 million on trading securities that were used for economic hedging purposes) as compared to a loss of $30.3 million for the third quarter 2009 (offset by a gain of approximately $21.7 million on trading securities that were used for economic hedging purposes). The fourth quarter net gain of $26.9 million, as compared to the third quarter 2009 net loss of $8.6 million, included an increase in the fair value of mortgage servicing rights.
	•		Non interest expense decreased to $150.7 million as compared to $166.9 million in the third quarter 2009. The decrease reflected a decline in compensation and benefits of $5.0 million due to a reduction in salaried employees and a decline in other expenses of $11.8 million.
	•		Other expenses included a decline of $11.8 million in other taxes due to the recording of a valuation allowance on state deferred tax assets during the third quarter, a $4.2 million reduction in the valuation of warrants due to a lower stock price in the fourth quarter as compared to the third quarter 2009 and a $4.6 million gain related to termination of an agreement with one of our captive reinsurance counterparties.
	•		Provision for federal income taxes decreased to zero as compared to $115.0 million for the third quarter of 2009. The decrease is the result of a $172.0 million non-cash federal tax expense as a result of recording a valuation allowance on federal deferred tax assets, offset in part by the monthly benefit recorded of $57.0 million in the third quarter and zero in the fourth quarter. The valuation allowance, because it is an offset against the tax asset rather than a charge-off , is generally recoverable in future years as taxable income is earned.

Community Banking Operations

Flagstar Bank had 165 community banking branches at December 31, 2009 as compared to 176 branches at September 30, 2009 and 175 branches at December 31, 2008.

Net Interest Margin

Net interest margin increased to 1.67% for the fourth quarter 2009 as compared to 1.58% for the third quarter 2009 and 1.61% for fourth quarter 2008. The increase from third quarter 2009 reflects a $800 million decline in the average balance of earning assets with a 0.21% decline in yield and a $400 million decline in the average balance of interest bearing liabilities with a 0.44% decline in funding costs. For the year ended December 31, 2009, the net interest margin was 1.65% as compared to 1.78% for the year ended December 31, 2008, primarily reflecting a 0.75% decline in yield during 2009 was only partly offset by a 0.59% decline in funding costs during the same period.

Mortgage Banking Operations

Loan production, substantially comprised of agency residential first mortgage loans, increased to $6.9 billion for the fourth quarter 2009, as compared to $6.6 billion in the third quarter 2009, and from $5.4 billion for the fourth quarter 2008.

For the year ended December 31, 2009 loan production increased 14.5% to $32.4 billion, of which $32.3 billion were residential loans, as compared to $28.3 billion, including $28.0 billion of residential loans, for the year ended December 31, 2008.

Gain on loan sales margins decreased to 1.35% for the fourth quarter 2009, as compared to 1.37% for the third quarter 2009, and from 0.29% for the fourth quarter 2008. For the year ended December 31, 2009, the gain on sale margin increased to 1.55% as compared to 0.53% for the same period in 2008.

At December 31, 2009, the unpaid principal balances of loans associated with the mortgage servicing rights portfolio totaled $56.5 billion and had a weighted average service fee of 32.1 basis points. This was an increase from $53.2 billion at September 30, 2009 with a weighted average servicing fee of 32.6 basis points and an increase from $55.9 billion at December 31, 2008 with an average weighted servicing fee of 33.3 basis points.

Asset Quality

Non-performing assets, which include non-performing loans (i.e., loans 90 days or more past due, and matured loans), real estate owned and repurchased assets, but which exclude any FHA-insured assets, increased to $1.3 billion at December 31, 2009, from $1.2 billion at September 30, 2009 and $0.8 billion at December 31, 2008.

At December 31, 2009, the allowance for loan losses was $524.0 million, which equaled 48.9% of non-performing loans and 6.79% of loans held for investment. At September 30, 2009 and December 31, 2008, the allowance for loan losses were, respectively, $528.0 million (6.49% of loans held for investment) and $376.0 million (4.14% of loans held for investment) and equaled 48.9% and 52.1%, respectively, of non-performing loans.

Of the non-performing loans, residential first mortgage loans increased to $659.4 million at December 31, 2009, as compared to $606.3 million at September 30, 2009 and $432.6 million at December 31, 2008.

Non-performing commercial real estate mortgages decreased to $337.6 million at December 31, 2009 as compared to $419.5 million at September 30, 2009 and increased as compared to $202.6 million at December 31, 2008.

The balance of real estate owned, net of any FHA-insured assets, increased to $177.0 million at December 31, 2009 from $164.9 million at September 30, 2009 and $109.3 million at December 31, 2008. Repurchased assets were $45.7 million at December 31, 2009 as compared to $26.6 million at September 30, 2009 and $16.5 million at December 31, 2008.

Net loan charge-offs were $98.9 million for the fourth quarter 2009 as compared to $71.5 million for the third quarter 2009 and $24.3 million for the fourth quarter 2008. The provision for loan losses was $95.0 million for the fourth quarter 2009 as compared to $125.5 million for the third quarter 2009 and $176.3 million for the fourth quarter 2008.

Funding Sources

Flagstar Bank’s primary sources of funds are deposits obtained through its 165 community banking branches and the Internet as well as deposits obtained from municipalities and investment banking firms. Funds are also obtained through loan repayments and sales in the ordinary course of business, advances from the Federal Home Loan Bank of Indianapolis (FHLB), community banking operations, customer escrow accounts and security repurchase agreements. The Bank uses several of these sources at any one time to manage its daily and forecasted liquidity needs to satisfy operational requirements and policy levels while managing overall interest costs. Retail deposits were $5.5 billion at December 31, 2009, as compared to $5.7 billion at September 30, 2009 and $5.4 billion at December 31, 2008. At December 31, 2009, the Bank had a $7.0 billion line of credit with the FHLB, which was collateralized to $4.2 billion.

As Previously Announced

The Company’s quarterly earnings conference call will be held on Tuesday, February 2, 2010 from 11 a.m. until 12 noon (Eastern).

Questions may be asked during the conference call or maybe submitted in advance by e-mail to investors@flagstar.com.

The conference call and accompanying slide presentation will be webcast live on the Investor Relations section of the Company’s Web site, www.flagstar.com, with replays available at that site for at least 10 days.

To listen by telephone, please call at least 10 minutes prior to the start of the conference call at

(702) 696-4911 or toll free at (866) 294-1212, passcode: 50847473.

A replay will be available for five business days by calling (800) 642-1687 toll free or (706) 645-9291 using the passcode: 50847473.

Flagstar Bancorp, with $14.0 billion in total assets, is the secondly largest publicly held savings bank headquartered in the Midwest. At December 31, 2009, Flagstar operated 165 banking centers in Michigan, Indiana and Georgia and 23 home loan centers in 14 states. Flagstar Bank originates loans nationwide and is one of the leading originators of residential mortgage loans.

The information contained in this release is not intended as a solicitation to buy Flagstar Bancorp, Inc. stock and is provided for general information. This release contains certain statements that may constitute “forward-looking statements” within the meaning of federal securities laws. These forward-looking statements include statements about the Company’s beliefs, plans, objectives, goals, expectations, anticipations, estimates, and intentions, that are subject to significant risks and uncertainties, and are subject o change based upon various factors (some of which may be beyond the Company’s control). The words “may,” “could,” “should,” “would,” “believe,” and similar expressions are intended to identify forward-looking statements.

Exhibit 99.1

Flagstar Bancorp, Inc.
Summary of Selected Consolidated Financial Data
(Dollars in thousands, except per share data)

(Unaudited)

		For the Three Months Ended												the Years Ended
		December 31,				September 30,				December 31,				December 31,				December 31,
Summary of Consolidated		2009				2009				2008				2009				2008
Statements of Operations
Interest income		$	149,405			$	167,107			$	178,043			$	689,338			$	777,997
Interest expense			(102,205	)			(119,513	)			(131,556	)			(477,798	)			(555,472	)
Net interest income			47,200				47,594				46,487				211,540				222,525
Provision for loan losses			(94,950	)			(125,544	)			(176,256	)			(504,369	)			(343,963	)
Net interest (loss) income after provision			(47,750	)			(77,950	)			(129,769	)			(292,829	)			(121,438	)
Non-interest income
Deposit fees and charges			8,774				8,438				7,395				32,428				27,424
Loan fees and charges, net			27,802				29,422				410				125,168				2,688
Loan servicing fees, net			27,407				(30,293	)			(46,231	)			7,167				(251	)
Net gain (loss) on trading securities			(515	)			21,714				14,466				5,861				14,466
Gain (loss) on trading securities — residuals			(16,243	)			(50,689	)			1,837				(82,867	)			(24,649	)
Net gain on loan sales			96,477				104,416				16,657				501,250				146,060
Gain (loss) on MSR sales, net			59				(1,319	)			1,449				(3,886	)			1,797
Net (loss) gain on sale securities available for sale			8,556				—				—				8,556				5,019
Impairment — securities available for sale			(304	)			(2,875	)			(62,370	)			(20,747	)			(62,370	)
Other (loss) income			(20,455	)			(12,582	)			(9,828	)			(49,644	)			19,940
Total non-interest income			131,558				66,232				(76,215	)			523,286				130,123
Non-interest expenses
Compensation and benefits			(51,558	)			(56,598	)			(53,726	)			(223,394	)			(219,251	)
Commissions			(13,128	)			(12,149	)			(23,063	)			(73,994	)			(109,464	)
Occupancy and equipment			(16,456	)			(17,175	)			(19,437	)			(70,009	)			(79,253	)
General and administrative			(29,404	)			(28,876	)			(26,148	)			(138,062	)			(62,837	)
Other			(40,423	)			(52,245	)			(29,504	)			(167,574	)			(78,579	)
Total non-interest expense			(150,969	)			(167,043	)			(151,878	)			(673,033	)			(549,384	)
Capitalized direct cost of loan closing			235				137				21,893				906				117,332
Total non-interest expense after capitalized direct cost of loan closing			(150,734	)			(166,906	)			(129,985	)			(672,127	)			(432,052	)
Loss before federal income tax and preferred stock dividend			(66,926	)			(178,624	)			(335,969	)			(441,670	)			(423,367	)
Provision (benefit) for federal income taxes			—				114,965				(117,506	)			55,008				(147,960	)
Net loss			(66,926	)			(293,589	)			(218,463	)			(496,678	)			(275,407	)
Preferred stock dividends			(4,660	)			(4,623	)			—				(17,124	)			—
Net loss available to common stockholders		$	(71,586	)		$	(298,212	)		$	(218,463	)		$	(513,802	)		$	(275,407	)
Basic loss per share		$	(0.15	)		$	(0.64	)		$	(2.62	)		$	(1.62	)		$	(3.82	)
Diluted loss per share		$	(0.15	)		$	(0.64	)		$	(2.62	)		$	(1.62	)		$	(3.82	)
Net interest spread — Consolidated			1.69	%			1.48	%			1.74	%			1.54	%			1.71	%
Net interest margin — Consolidated			1.54	%			1.46	%			1.49	%			1.55	%			1.67	%
Net interest spread — Bank only			1.74	%			1.53	%			1.79	%			1.58	%			1.76	%
Net interest margin — Bank only			1.67	%			1.58	%			1.61	%			1.65	%			1.78	%
Return on average assets			(1.91	)%			(7.60	)%			(5.94	)%			(3.24	)%			(1.83	)%
Return on average equity			(45.08	)%			(130.64	)%			(30.74	)%			(62.87	)%			(37.66	)%
Efficiency ratio			84.3	%			146.6	%			437.2	%			91.5	%			122.5	%
Average interest earning assets		$	12,283,918			$	13,160,528			$	12,435,053			$	13,584,015			$	13,316,390
Average interest paying liabilities		$	12,843,319			$	13,217,383			$	13,158,369			$	13,542,712			$	13,439,660
Average stockholders’ equity		$	635,151			$	913,059			$	710,658			$	817,248			$	731,231
Equity/assets ratio (average for the period)			4.24	%			5.82	%			4.83	%			5.15	%			4.83	%
Ratio of charge-offs to average loans held for investment			4.96	%			3.48	%			1.08	%			4.20	%			0.79	%

Flagstar Bancorp, Inc.
Summary of Selected Consolidated Financial Data
(Dollars in thousands, except per share data)
(Unaudited)

		December 31,				September 30,				December 31,
Summary of the Consolidated		2009				2009				2008
Statements of Financial Condition:
Total assets		$	14,013,331			$	14,820,815			$	14,203,657
Securities — trading			330,267				1,012,309				—
Investment securities available for sale			605,621				817,424				1,118,453
Loans held for sale			1,970,104				2,070,878				1,484,680
Loans held for investment, net			7,190,308				7,605,497				8,706,121
Allowance for loan losses			(524,000	)			(528,000	)			(376,000	)
Mortgage servicing rights			652,374				567,800				520,763
Deposits			8,778,469				8,533,968				7,841,005
FHLB advances			3,900,000				4,800,000				5,200,000
Repurchase agreements			108,000				108,000				108,000
Stockholders’ equity			596,724				667,597				472,293
Other Financial and Statistical Data:
Equity/assets ratio			4.26	%			4.50	%			3.33	%
Core capital ratio			6.19	%			6.39	%			4.95	%
Total risk-based capital ratio			11.68	%			12.06	%			9.10	%
Book value per common share		$	0.70			$	0.86			$	5.65
Shares outstanding			468,771				468,530				83,627
Average shares outstanding			317,656				266,781				72,153
Average diluted shares outstanding			317,656				266,781				72,153
Loans serviced for others		$	56,521,902			$	53,159,885			$	55,870,207
Weighted average service fee (bps)			32.1				32.6				33.3
Value of mortgage servicing rights			1.15	%			1.06	%			0.93	%
Allowance for loan losses to non performing loans			48.9	%			50.0	%			52.1	%
Allowance for loan losses to loans held for investment			6.79	%			6.49	%			4.14	%
Non performing assets to total assets			9.24	%			8.41	%			5.97	%
Number of bank branches			165				176				175
Number of loan origination centers			23				42				104
Number of employees (excluding loan officers & account executives)			3,075				3,220				3,246
Number of loan officers and account executives			336				436				674

Loan Originations
(Dollars in millions)
(unaudited)

		(i) For the Three Months Ended
		December 31,								September 30,								December 31,
Loan type		2009								2009								2008
Residential mortgage loans		$	6,902				99.9	%		$	6,642				99.9	%		$	5,390				100.0	%
Consumer loans			1				—				1				—				4				—
Commercial loans			9				0.1				4				0.1				11				—
Total loan production		$	6,912				100.0	%		$	6,647				100.0	%		$	5,405				100.0	%

		(ii) For the Year Ended
		December 31,								December 31,
Loan type		2009								2008
Residential mortgage loans		$	32,331				99.9	%		$	27,990				99.0	%
Consumer loans			6				—				110				0.3
Commercial loans			38				0.1				206				0.7
Total loan production		$	32,375				100.0	%		$	28,306				100.0	%

Loans Held for Investment
(Dollars in thousands)
(unaudited)

Description		December 31, 2009								September 30, 2009								December 31, 2008
First mortgage loans		$	4,990,994				64.7	%		$	5,304,950				65.2	%		$	5,958,748				65.6	%
Second mortgage loans			221,626				2.9				236,239				2.9				287,350				3.2
Commercial real estate loans			1,600,271				20.7				1,677,106				20.6				1,779,363				19.6
Construction loans			16,642				0.2				22,906				0.3				54,749				0.6
Warehouse lending			448,567				5.8				425,861				5.2				434,140				4.8
Consumer loans			423,842				5.5				452,548				5.6				543,102				6.0
Non-real estate commercial			12,366				0.2				13,887				0.2				24,668				0.2
Total loans held for investment		$	7,714,308				100.0	%		$	8,133,497				100.0	%		$	9,082,120				100.0	%

Allowance for Loan Losses
(Dollars in thousands)
(unaudited)

		(iii)				(iv) For the Three Months Ended												(v)				(vi) For the Year Ended
						December 31,				September 30,				December 31,								December 31,				December 31,
						2009				2009				2008								2009				2008
DESCRIPTION						(000’s)				(000’s)				(000’s)								(000’s)				(000’s)
Beginning Balance						$	(528,000	)		$	(474,000	)		$	(224,000	)						$	(376,000	)		$	(104,000	)
Provision for losses							(94,950	)			(125,544	)			(176,255	)							(504,369	)			(343,963	)
Charge offs, net of recoveries
First mortgage loans							32,782				36,772				16,595								124,889				44,349
Second mortgage loans							10,597				7,222				1,681								41,806				2,980
Commercial R/E loans							42,311				15,724				2,451								144,963				14,736
Construction loans							434				951				1,703								2,887				1,872
Warehouse							614				—				169								1,111				1,001
Consumer
HELOC							10,160				9,711				790								34,986				4,140
Other consumer loans							1,391				638				420								3,788				1,390
Other							661				526				446								1,939				1,495
Charge-offs, net of recoveries							98,950				71,544				24,255								356,369				71,963
Ending Balance						$	(524,000	)		$	(528,000	)		$	(376,000	)						$	(524,000	)		$	(376,000	)

Composition of Allowance for Loan Losses
As of December 31, 2009
(In thousands)

Description		General Reserves				Specific Reserves				Total
First mortgage loans		$	235,030			$	33,723			$	268,753
Second mortgage loans			40,887				—				40,887
Commercial real estate loans			46,274				108,173				154,447
Construction loans			1,985				403				2,388
Warehouse lending			1,809				1,957				3,766
Consumer loans			40,232				410				40,642
Non-real estate commercial			825				2,151				2,976
Other and unallocated			10,141				—				10,141
Total allowance for loan losses		$	377,183			$	146,817			$	524,000

Gain on Loan Sales and Securitizations
(Dollars in thousands)
(Unaudited)

		(vii)				(viii) For the Three Months Ended
						December 31,								September 30,								December 31,
						2009 (1)								2009 (1)								2008
DESCRIPTION						(000’s)				bps				(000’s)				bps				(000’s)				bps
Valuation gain (loss):
Value of interest rate locks						$	(30,544	)			(43	)		$	11,405				15			$	68,397				120
Value of forward sales							60,838				85				(36,537	)			(48	)			(82,436	)			(145	)
Fair value of loans AFS							106,153				149				151,911				200				—				—
LOCOM adjustments on loans HFI							207				—				155				—				552				1
Total valuation gain (loss)							136,654				191				126,934				167				(13,487	)			(24	)
Sales gains (losses):
Marketing gains							41,614				58				4,372				6				72,822				128
Pair off losses							(35,990	)			(50	)			(15,776	)			(22	)			(9,756	)			(17	)
Sales adjustments							(37,269	)			(52	)			(4,108	)			(5	)			(30,729	)			(54	)
Provision for secondary marketing reserve							(8,532	)			(12	)			(7,006	)			(9	)			(2,193	)			(4	)
Total sales (losses) gains							(40,177	)			(56	)			(22,518	)			(30	)			30,144				53
Net gain on loan sales and securitizations						$	96,477				135			$	104,416				137			$	16,657				29
Total loan sales and securitizations						$	7,143,242							$	7,606,304							$	5,711,405

		For the Twelve Months Ended December 31,
		2009 (1)								2008
DESCRIPTION		(000’s)				bps				(000’s)				bps
Valuation gains (losses):
Value of interest rate locks		$	(68,552	)			(21	)		$	52,484				19
Value of forward sales			89,020				27				(47,752	)			(15	)
Fair value of loans AFS			530,694				164				—				—
LOCOM adjustments on loans HFI			(68	)			—				(34,179	)			(12	)
Total valuation gain (loss)			551,094				170				(29,447	)			(8	)
Sales gains (losses):
Marketing gains			144,813				45				377,464				136
Pair off gain (loss)			(41,564	)			(13	)			(24,678	)			(9	)
Sales adjustments			(126,623	)			(39	)			(166,898	)			(62	)
Provision for secondary marketing reserve			(26,470	)			(8	)			(10,381	)			(4	)
Total sales (losses) gains			(49,844	)			(15	)			175,507				61
Net gain on loan sales and securitizations		$	501,250				155				146,060				53
Total loan sales and securitizations		$	32,326,643							$	27,787,884

Asset Quality
(Dollars in thousands)
(unaudited)

		December 31, 2009								September 30, 2009								December 31, 2008
						% of								% of								% of
Days delinquent		Balance				Total				Balance				Total				Balance				Total
30		$	143,500				1.9	%		$	118,597				1.5	%		$	145,407				1.6	%
60			87,625				1.1				100,078				1.2				111,404				1.5
90 + and matured delinquent			1,071,636				13.9				1,055,358				13.0				722,301				7.7	%
Total		$	1,302,761				16.9	%		$	1,274,033				15.7	%		$	979,112				10.8	%
Loans held for investment		$	7,714,308							$	8,133,497							$	9,082,121

NON-PERFORMING LOANS AND ASSETS

		December 31,				September 30,				December 31,
		2009				2009				2008
Non-performing loans		$	1,071,636			$	1,055,358			$	722,301
Real estate owned			176,968				164,898				109,297
Repurchased assets/non-performing assets			45,697				26,601				16,454
Non-performing assets		$	1,294,301			$	1,246,857			$	848,052
Non-performing loans as a percentage of loans held for investment			13.89	%			12.98	%			7.95	%
Non-performing assets as a percentage of total assets			9.24	%			8.41	%			5.97	%

Deposit Portfolio
(Dollars in thousands)
(unaudited)

		December 31, 2009								September 30, 2009								December 31, 2008
Description		Balance				Rate				Balance				Rate				Balance				Rate
Demand deposits		$	546,218				0.38	%		$	471,847				0.30	%		$	416,920				0.47	%
Savings deposits			724,278				0.73				660,786				1.22				407,501				2.24
Money market deposits			632,099				0.56				747,507				1.58				561,909				2.61
Certificates of deposits			3,552,090				2.94				3,819,351				3.41				3,967,985				3.94
Total retail deposits			5,454,685				2.12				5,699,491				2.66				5,354,315				3.39
Company controlled custodial deposits			756,423				—				951,780				—				535,494				—
Municipal deposits / CDARS			620,235				0.64				650,666				0.79				597,638				2.84
Wholesale deposits			1,947,126				2.57				1,232,031				3.56				1,353,558				4.41
Total deposits		$	8,778,469				1.93	%		$	8,533,968				2.35	%		$	7,841,005				3.30	%

Pre-tax, pre-credit-cost Income
(Non GAAP measure)
(Dollars in millions)

(Unaudited)

		For the Three Months Ended
		December 31, 2009				September 30, 2009				December 31, 2008
Loss before tax provision / benefit		$	(66.9	)		$	(178.6	)		$	(336.0	)
Add back:
Provision for loan losses			95.0				125.5				176.3
Asset resolution			26.9				26.8				16.4
Other than temporary impairment on investments AFS			6.7				2.9				62.4
Secondary marketing reserve provision			35.8				27.6				19.7
Write down of residual interests			16.2				50.7				(1.8	)
Reserve increase for reinsurance			—				3.9				10.0
Total credit-related-costs:			180.6				237.4				283.0
Pre-tax, pre-credit-cost income (expense)		$	113.7			$	58.8			$	(53.0	)

		For the Twelve Months Ended
		December 31, 2009				December 31, 2008
Loss before tax provision / benefit		$	(441.7	)		$	(423.4	)
Add back:
Provision for loan losses			504.4				344.0
Asset resolution			96.6				46.2
Other than temporary impairment on investments AFS			27.1				62.4
Secondary marketing reserve provision			102.1				27.5
Write down of residual interests			82.9				24.6
Reserve increase for reinsurance			24.8				14.8
Total credit-related-costs:			837.9				519.5
Pre-tax, pre-credit-cost income		$	396.2			$	96.1