Mr. Cooper (COOP) 8-K WaMu Closes $7 Billion Equity Issuance

Exhibit 99.2

WM - - 1

Washington Mutual, Inc.
Selected Financial Information
(dollars in millions, except per share data)
(unaudited)
	Quarter Ended
	Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
	2008			2007			2007			2007			2007
PROFITABILITY
Net income (loss)	$	(1,138	)	$	(1,867	)	$	186		$	830		$	784
Net interest income		2,175			2,047			2,014			2,034			2,081
Noninterest income		1,569			1,365			1,379			1,758			1,541
Noninterest expense		2,152			4,166			2,191			2,138			2,105
Diluted earnings per common share	$	(1.40	)	$	(2.19	)	$	0.20		$	0.92		$	0.86
Diluted weighted average number of common shares outstanding
(in thousands)		856,923			855,532			876,002			893,090			899,706
Net interest margin on a taxable-equivalent basis(1)		3.05	%		2.86	%		2.86	%		2.91	%		2.80	%
Dividends declared per common share	$	0.15		$	0.56		$	0.56		$	0.55		$	0.54
Book value per common share (period end)(2)		21.74			24.55			27.18			27.27			27.30
Return on average assets		(1.42	) %		(2.30	) %		0.23	%		1.05	%		0.95	%
Return on average common equity		(23.27	)		(32.64	)		3.03			13.74			12.99
Efficiency ratio(3)		57.49			122.13			64.55			56.38			58.13
ASSET QUALITY
Nonperforming assets(4) to total assets		2.87	%		2.17	%		1.65	%		1.29	%		1.02	%
Allowance as a percentage of loans held in portfolio		1.94			1.05			0.80			0.73			0.71
CREDIT PERFORMANCE
Provision for loan losses	$	3,511		$	1,534		$	967		$	372		$	234
Net charge-offs		1,368			747			421			271			183
CAPITAL ADEQUACY
Capital Ratios for WMI:
Tangible equity to total tangible assets(5)		6.40	%		6.67	%		5.60	%		6.07	%		5.78	%
Tier 1 capital to average total assets (leverage)(6)		6.56			6.84			5.86			6.09			5.87
Total risk-based capital to total risk-weighted assets(6)		12.24			12.34			10.67			11.04			11.17
Capital Ratios for WMB (well-capitalized minimum)(7):
Tier 1 capital to adjusted total assets (leverage) (5.00%)		6.94			7.05			6.41			7.52			7.04
Adjusted Tier 1 capital to total risk-weighted assets (6.00%)		8.11			8.33			7.62			8.77			8.32
Total risk-based capital to total risk-weighted assets (10.00%)		12.20			12.22			11.26			12.80			12.37
SUPPLEMENTAL DATA
Average balance sheet:
Total loans held in portfolio	$	244,186		$	241,690		$	227,348		$	216,004		$	222,617
Total interest-earning assets		285,265			287,988			283,263			279,836			295,700
Total assets		319,928			325,276			320,475			316,004			331,905
Total deposits		184,304			185,636			198,649			206,765			210,764
Total stockholders' equity		24,066			23,947			23,994			24,436			24,407
Period-end balance sheet:
Total loans held in portfolio, net		238,100			241,815			235,243			213,434			215,481
Total assets		319,668			327,913			330,110			312,219			319,985
Total deposits		188,049			181,926			194,280			201,380			210,209
Total stockholders' equity		22,449			24,584			23,941			24,210			24,578
Common shares outstanding at the end of period (in thousands)(8)		882,610			869,036			868,802			875,722			888,111
Employees at end of period		45,883			49,403			49,748			49,989			49,693
_______________________

(1)	Includes taxable-equivalent adjustments primarily related to tax-exempt income on U.S. states and political subdivisions securities and loans related to the Company's community lending and investment activities.  The federal statutory tax rate was 35% for the periods presented.
(2)	Excludes six million shares held in escrow.
(3)	The efficiency ratio is defined as noninterest expense divided by total revenue (net interest income and noninterest income).
(4)	Excludes nonaccrual loans held for sale.
(5)	Excludes unrealized net gain/loss on available-for-sale securities and cash flow hedging instruments, goodwill and intangible assets (except MSR) and the impact from the adoption and application of FASB Statement No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans.  Minority interests of $3.91 billion, $3.92 billion, $2.94 billion, $2.94 billion and $2.45 billion at March 31, 2008, December 31, 2007, September 30, 2007, June 30, 2007 and March 31, 2007 are included in the numerator.
(6)	The capital ratios are estimated as if Washington Mutual, Inc. were a bank holding company subject to Federal Reserve Board capital requirements.
(7)	Capital ratios for Washington Mutual Bank ("WMB") at March 31, 2008 are preliminary.
(8)	Includes six million shares held in escrow.

WM - - 2

Washington Mutual, Inc.
Consolidated Statements of Income
(dollars in millions, except per share data)
(unaudited)
	Quarter Ended
	Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
	2008			2007			2007			2007			2007
Interest Income
Loans held for sale	$	87		$	160		$	248		$	421		$	562
Loans held in portfolio		3,954			4,156			3,992			3,786			3,900
Available-for-sale securities		357			380			392			351			332
Trading assets		116			101			108			108			113
Other interest and dividend income		77			79			116			82			101
Total interest income		4,591			4,876			4,856			4,748			5,008
Interest Expense
Deposits		1,329			1,464			1,650			1,723			1,772
Borrowings		1,087			1,365			1,192			991			1,155
Total interest expense		2,416			2,829			2,842			2,714			2,927
Net interest income		2,175			2,047			2,014			2,034			2,081
Provision for loan losses		3,511			1,534			967			372			234
Net interest income (expense) after provision for loan losses		(1,336	)		513			1,047			1,662			1,847
Noninterest Income
Revenue from sales and servicing of home mortgage loans		411			358			161			300			125
Revenue from sales and servicing of consumer loans		248			375			418			403			443
Depositor and other retail banking fees		704			769			740			720			665
Credit card fees		181			214			209			183			172
Securities fees and commissions		58			63			67			70			60
Insurance income		30			29			29			29			29
Loss on trading assets		(216	)		(267	)		(153	)		(145	)		(108	)
Gain (loss) on other available-for-sale securities		18			(261	)		(99	)		7			35
Other income		135			85			7			191			120
Total noninterest income		1,569			1,365			1,379			1,758			1,541
Noninterest Expense
Compensation and benefits		914			877			910			977			1,002
Occupancy and equipment		358			488			371			354			376
Telecommunications and outsourced information services		130			134			135			132			129
Depositor and other retail banking losses		63			72			71			58			61
Advertising and promotion		105			108			125			113			98
Professional fees		39			89			52			55			38
Foreclosed asset expense		155			133			82			56			39
Goodwill impairment charge		-			1,775			-			-			-
Other expense		388			490			445			393			362
Total noninterest expense		2,152			4,166			2,191			2,138			2,105
Minority interest expense		75			65			53			42			43
Income (loss) before income taxes		(1,994	)		(2,353	)		182			1,240			1,240
Income taxes		(856	)		(486	)		(4	)		410			456
Net Income (Loss)	$	(1,138	)	$	(1,867	)	$	186		$	830		$	784
Net Income (Loss) Applicable to Common Stockholders	$	(1,203	)	$	(1,875	)	$	178		$	822		$	777
Earnings Per Common Share:
Basic	$	(1.40	)	$	(2.19	)	$	0.21		$	0.95		$	0.89
Diluted		(1.40	)		(2.19	)		0.20			0.92			0.86
Dividends declared per common share		0.15			0.56			0.56			0.55			0.54
Basic weighted average number of common shares outstanding (in thousands)		856,923			855,518			857,005			868,968			874,816
Diluted weighted average number of common shares outstanding (in thousands)		856,923			855,532			876,002			893,090			899,706

WM - - 3

Washington Mutual, Inc.
Consolidated Statements of Financial Condition
(dollars in millions)
(unaudited)
	Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
	2008			2007			2007			2007			2007
Assets
Cash and cash equivalents	$	10,089		$	9,560		$	11,370		$	4,167		$	4,047
Federal funds sold and securities purchased under agreements to resell		2,527			1,877			4,042			3,267			8,279
Trading assets		2,483			2,768			3,797			5,534			5,290
Available-for-sale securities, total amortized cost of $24,907, $27,789,
$28,725, $28,934 and $22,921:
Mortgage-backed securities		18,140			19,249			20,562			20,393			16,543
Investment securities		5,466			8,291			7,844			7,947			6,296
Total available-for-sale securities		23,606			27,540			28,406			28,340			22,839
Loans held for sale		4,941			5,403			7,586			19,327			26,874
Loans held in portfolio		242,814			244,386			237,132			214,994			217,021
Allowance for loan losses		(4,714	)		(2,571	)		(1,889	)		(1,560	)		(1,540	)
Loans held in portfolio, net		238,100			241,815			235,243			213,434			215,481
Investment in Federal Home Loan Banks		3,514			3,351			2,808			1,596			2,230
Mortgage servicing rights		5,726			6,278			6,794			7,231			6,507
Goodwill		7,283			7,287			9,062			9,056			9,052
Other assets		21,399			22,034			21,002			20,267			19,386
Total assets	$	319,668		$	327,913		$	330,110		$	312,219		$	319,985
Liabilities
Deposits:
Noninterest-bearing deposits	$	31,911		$	30,389		$	31,341		$	33,557		$	34,367
Interest-bearing deposits		156,138			151,537			162,939			167,823			175,842
Total deposits		188,049			181,926			194,280			201,380			210,209
Federal funds purchased and commercial paper		250			2,003			2,482			3,390			563
Securities sold under agreements to repurchase		215			4,148			4,732			9,357			8,323
Advances from Federal Home Loan Banks		64,009			63,852			52,530			21,412			24,735
Other borrowings		32,710			38,958			40,887			40,313			39,430
Other liabilities		8,072			8,523			8,313			9,212			9,694
Minority interests		3,914			3,919			2,945			2,945			2,453
Total liabilities		297,219			303,329			306,169			288,009			295,407
Stockholders' Equity
Preferred stock		3,392			3,392			492			492			492
Capital surplus - common stock		2,646			2,630			2,575			2,715			3,121
Accumulated other comprehensive loss		(1,141	)		(359	)		(390	)		(568	)		(268	)
Retained earnings		17,552			18,921			21,264			21,571			21,233
Total stockholders' equity		22,449			24,584			23,941			24,210			24,578
Total liabilities and stockholders' equity	$	319,668		$	327,913		$	330,110		$	312,219		$	319,985

WM - - 4

Washington Mutual, Inc.
Selected Financial Information
(dollars in millions)
(unaudited)
	Quarter Ended
	Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
	2008			2007			2007			2007			2007
Stockholders' Equity Rollforward
Balance, beginning of period	$	24,584		$	23,941		$	24,210		$	24,578		$	26,969
Net income (loss)		(1,138	)		(1,867	)		186			830			784
Cumulative effect from the adoption of new accounting pronouncements		(36	)(1)		-			-			-			(6	)(2)
Other comprehensive income (loss), net of income taxes		(782	)		31			177			(300	)		19
Cash dividends declared on common stock		(130	)		(482	)		(485	)		(484	)		(477	)
Cash dividends declared on preferred stock		(65	)		(8	)		(8	)		(8	)		(7	)
Cash dividends returned(3)		-			15			-			-			-
Common stock repurchased and retired(4)		-			-			(199	)		(500	)		(2,797	)
Common stock issued		16			54			60			94			93
Preferred stock issued		-			2,900			-			-			-
Balance, end of period	$	22,449		$	24,584		$	23,941		$	24,210		$	24,578

(1)	As of January 1, 2008, the Company adopted FASB Statement No. 157, Fair Value Measurements ("Statement No. 157"), EITF Issue No. 06-4, Accounting for Deferred Compensation and Postretirement Benefit Aspects of Endorsement Split-Dollar Life Insurance Arrangements ("Issue 06-4") and EITF Issue No. 06-10, Accounting for Collateral Assignment Split-Dollar Life Insurance Arrangements ("Issue 06-10").  The cumulative effect from the adoption of Statement No. 157, Issue 06-4 and Issue 06-10 was $1 million, $(35) million and $(2) million.
(2)	As of January 1, 2007, the Company adopted FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes.
(3)	Represents accumulated dividends on shares returned from escrow.
(4)	The Company repurchased zero shares of its common stock during the three months ended March 31, 2008 and December 31, 2007, and 7.2 million, 13.5 million and  61.4 million shares of its common stock during the three months ended September 30, 2007, June 30, 2007 and March 31, 2007.  At March 31, 2008, the total remaining common stock repurchase authority was 47.5 million shares.

WM - - 5

Washington Mutual, Inc.
Selected Financial Information
(dollars in millions)
(unaudited)
		Quarter Ended
		Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
		2008			2007			2007			2007			2007
RETAIL BANKING GROUP
Condensed income statement:
Net interest income		$	1,203		$	1,262		$	1,306		$	1,291		$	1,284
Provision for loan losses			2,300			663			318			91			62
Noninterest income			775			850			833			820			751
Inter-segment revenue			9			5			9			16			18
Noninterest expense			1,221			1,212			1,149			1,131			1,069
Income before income taxes			(1,534	)		242			681			905			922
Income taxes			(491	)		(39	)		225			340			346
Net income		$	(1,043	)	$	281		$	456		$	565		$	576
Performance and other data:
Efficiency ratio			61.48	%		57.25	%		53.48	%		53.19	%		52.08	%
Average loans		$	142,720		$	145,486		$	147,357		$	149,716		$	155,206
Average assets			151,609			155,100			157,194			159,515			165,044
Average deposits:
Checking deposits:
Noninterest bearing			23,425			22,748			22,860			23,107			22,331
Interest bearing			24,306			26,328			28,406			30,282			31,739
Total checking deposits			47,731			49,076			51,266			53,389			54,070
Savings and money market deposits			47,904			44,623			43,524			43,814			43,103
Time deposits			51,099			49,034			50,131			48,049			46,857
Average deposits			146,734			142,733			144,921			145,252			144,030
Loan volume			1,238			3,417			5,172			5,760			4,576
Employees at end of period			28,736			29,147			28,636			28,523			28,229
CARD SERVICES GROUP
Managed basis(1)
Condensed income statement:
	Net interest income	$	765		$	694		$	674		$	649		$	641
	Provision for loan losses		626			591			611			523			388
	Noninterest income		418			315			400			393			474
	Inter-segment expense		5			-			-			-			-
	Noninterest expense		260			338			364			306			329
	Income before income taxes		292			80			99			213			398
	Income taxes		93			(12	)		33			80			149
Net income		$	199		$	92		$	66		$	133		$	249
Performance and other data:
	Efficiency ratio		22.04	%		33.51	%		33.91	%		29.33	%		29.51	%
	Average loans	$	26,889		$	26,665		$	25,718		$	24,234		$	23,604
	Average assets		29,244			28,961			28,206			26,762			26,039
	Employees at end of period		2,881			2,860			2,878			2,827			2,579
Securitization adjustments
Condensed income statement:
	Net interest income	$	(503	)	$	(454	)	$	(456	)	$	(459	)	$	(414	)
	Provision for loan losses		(470	)		(335	)		(288	)		(294	)		(282	)
	Noninterest income		33			119			168			165			132
Performance and other data:
	Average loans		(17,391	)		(16,007	)		(14,488	)		(13,888	)		(12,507	)
	Average assets		(15,075	)		(14,180	)		(12,841	)		(12,287	)		(10,961	)
Adjusted basis
Condensed income statement:
	Net interest income	$	262		$	240		$	218		$	190		$	227
	Provision for loan losses		156			256			323			229			106
	Noninterest income		451			434			568			558			606
	Inter-segment expense		5			-			-			-			-
	Noninterest expense		260			338			364			306			329
	Income before income taxes		292			80			99			213			398
	Income taxes		93			(12	)		33			80			149
Net income		$	199		$	92		$	66		$	133		$	249
Performance and other data:
	Average loans	$	9,498		$	10,658		$	11,230		$	10,346		$	11,097
	Average assets		14,169			14,781			15,365			14,475			15,078
(This table is continued on "WM-6.")
__________________________
(1)	The managed basis presentation treats securitized and sold credit card receivables as if they were still on the balance sheet. The Company uses this basis in assessing the overall performance of this operating segment. The managed basis presentation of the Card Services Group is derived by adjusting the GAAP financial information to add back securitized loan balances and the related interest, fee income and provision for credit losses. Such adjustments are eliminated as securitization adjustments when reporting GAAP results.

WM - - 6

Washington Mutual, Inc.
Selected Financial Information
(dollars in millions)
(unaudited)
	Quarter Ended
(This table is continued from "WM-5.")	Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
	2008			2007			2007			2007			2007
COMMERCIAL GROUP
Condensed income statement:
Net interest income	$	196		$	200		$	200		$	208		$	211
Provision for loan losses		29			19			12			2			(10	)
Noninterest income		(8	)		(10	)		(34	)		63			15
Noninterest expense		68			66			67			74			74
Income before income taxes		91			105			87			195			162
Income taxes		29			11			28			73			61
Net income	$	62		$	94		$	59		$	122		$	101
Performance and other data:
Efficiency ratio		36.09	%		34.49	%		40.26	%		27.42	%		32.85	%
Average loans	$	40,934		$	40,129		$	38,333		$	38,789		$	38,641
Average assets		43,004			42,336			40,663			41,184			41,005
Average deposits		7,474			9,762			13,816			15,294			12,028
Loan volume		2,835			4,800			4,054			4,348			3,671
Employees at end of period		1,358			1,502			1,524			1,508			1,459
HOME LOANS GROUP
Condensed income statement:
Net interest income	$	250		$	229		$	191		$	211		$	244
Provision for loan losses		907			511			323			101			49
Noninterest income		319			329			183			389			161
Inter-segment expense		4			5			9			16			18
Noninterest expense		499			2,319			554			547			522
Loss before income taxes		(841	)		(2,277	)		(512	)		(64	)		(184	)
Income taxes		(269	)		(312	)		(169	)		(24	)		(69	)
Net loss	$	(572	)	$	(1,965	)	$	(343	)	$	(40	)	$	(115	)
Performance and other data:
Efficiency ratio		88.26	%		419.52	%		151.63	%		93.71	%		134.82	%
Average loans	$	55,672		$	52,278		$	43,737		$	43,312		$	53,254
Average assets		66,841			66,172			61,106			60,342			71,382
Average deposits		5,469			6,714			7,780			8,372			8,501
Loan volume		13,774			19,089			26,434			35,938			33,780
Employees at end of period		9,159			11,812			12,668			13,150			13,449
CORPORATE SUPPORT/TREASURY AND OTHER
Condensed income statement:
Net interest income (expense)	$	132		$	(18	)	$	(39	)	$	(4	)	$	(22	)
Provision for loan losses		119			85			(9	)		(51	)		27
Noninterest income		86			(201	)		(91	)		60			94
Noninterest expense		104			231			57			80			111
Minority interest expense		75			65			53			42			43
Loss before income taxes		(80	)		(600	)		(231	)		(15	)		(109	)
Income taxes		(68	)		(157	)		(46	)		(37	)		(69	)
Net income (loss)	$	(12	)	$	(443	)	$	(185	)	$	22		$	(40	)
Performance and other data:
Average loans	$	1,556		$	1,482		$	1,420		$	1,367		$	1,345
Average assets		45,525			48,173			47,532			41,789			40,875
Average deposits		24,627			26,427			32,132			37,847			46,205
Loan volume		143			171			113			72			107
Employees at end of period		3,749			4,082			4,042			3,981			3,977
(This table is continued on "WM-7.")

WM - - 7

Washington Mutual, Inc.
Selected Financial Information
(dollars in millions)
(unaudited)
	Quarter Ended
(This table is continued from "WM-6.")	Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
	2008			2007			2007			2007			2007
RECONCILING ADJUSTMENTS
Condensed income statement:
Net interest income(1)	$	132		$	134		$	138		$	138		$	137
Noninterest income (expense)(2)		(54	)		(37	)		(80	)		(132	)		(86	)
Income before income taxes		78			97			58			6			51
Income taxes(3)		(150	)		23			(75	)		(22	)		38
Net income	$	228		$	74		$	133		$	28		$	13
Performance and other data:
Average loans(4)	$	(1,220	)	$	(1,286	)	$	(1,385	)	$	(1,301	)	$	(1,479	)
Average assets(4)		(1,220	)		(1,286	)		(1,385	)		(1,301	)		(1,479	)
TOTAL CONSOLIDATED
Condensed income statement:
Net interest income	$	2,175		$	2,047		$	2,014		$	2,034		$	2,081
Provision for loan losses		3,511			1,534			967			372			234
Noninterest income		1,569			1,365			1,379			1,758			1,541
Noninterest expense		2,152			4,166			2,191			2,138			2,105
Minority interest expense		75			65			53			42			43
Income (loss) before income taxes		(1,994	)		(2,353	)		182			1,240			1,240
Income taxes		(856	)		(486	)		(4	)		410			456
Net income (loss)	$	(1,138	)	$	(1,867	)	$	186		$	830		$	784
Performance and other data:
Efficiency ratio		57.49	%		122.13	%		64.55	%		56.38	%		58.13	%
Average loans	$	249,160		$	248,747		$	240,692		$	242,229		$	258,064
Average assets		319,928			325,276			320,475			316,004			331,905
Average deposits		184,304			185,636			198,649			206,765			210,764
Loan volume		17,990			27,477			35,773			46,118			42,134
Employees at end of period		45,883			49,403			49,748			49,989			49,693
__________________________

(1)	Represents the difference between mortgage loan premium amortization recorded by the Retail Banking Group and the amount recognized in the Company's Consolidated Statements of Income. For management reporting purposes, certain mortgage loans that are held in portfolio by the Retail Banking Group are treated as if they are purchased from the Home Loans Group. Since the cost basis of these loans includes an assumed profit factor paid to the Home Loans Group, the amortization of loan premiums recorded by the Retail Banking Group reflects this assumed profit factor and must therefore be eliminated as a reconciling adjustment.
(2)	Represents the difference between gain from mortgage loans recorded by the Home Loans Group and gain from mortgage loans recognized in the Company's Consolidated Statements of Income.
(3)	Represents the tax effect of reconciling adjustments.
(4)	Represents the inter-segment offset for inter-segment loan premiums that the Retail Banking Group recognized upon transfer of portfolio loans from the Home Loans Group.

WM - - 8

Washington Mutual, Inc.
Selected Financial Information
(dollars in millions)
(unaudited)
	Quarter Ended
	Mar. 31, 2008							Dec. 31, 2007							Mar. 31, 2007
						Interest							Interest							Interest
						Income/							Income/							Income/
	Balance		Rate			Expense		Balance		Rate			Expense		Balance		Rate			Expense
Average Balances and Weighted Average Interest Rates
Assets (Taxable-Equivalent Basis(1))
Interest-earning assets(2):
Federal funds sold and securities purchased under
agreements to resell	$	2,118		3.48	%	$	18	$	1,673		4.65	%	$	20	$	3,930		5.39	%	$	52
Trading assets		2,726		17.10			116		3,114		12.89			101		5,594		8.10			113
Available-for-sale securities(3):
Mortgage-backed securities		18,945		5.80			275		20,104		5.47			275		18,460		5.48			253
Investment securities		6,316		5.39			85		8,029		5.35			107		6,180		5.23			81
Loans held for sale		4,974		6.98			87		7,057		8.99			160		35,447		6.37			562
Loans held in portfolio:
Loans secured by real estate:
Home loans(4)(5)		109,773		6.27			1,720		108,496		6.58			1,785		97,365		6.45			1,570
Home equity loans and lines of credit(5)		61,196		6.28			956		60,135		7.15			1,083		53,014		7.56			989
Subprime mortgage channel(6)		18,106		6.33			287		19,341		6.38			309		20,612		6.67			344
Home construction(7)		2,142		7.65			41		2,136		6.99			37		2,061		6.55			34
Multi-family		31,962		6.35			507		31,331		6.56			514		29,826		6.58			491
Other real estate		9,797		6.49			158		8,969		6.89			155		6,763		7.03			117
Total loans secured by real estate		232,976		6.31			3,669		230,408		6.73			3,883		209,641		6.79			3,545
Consumer:
Credit card		9,024		10.75			241		9,134		9.76			225		10,904		11.57			311
Other		195		17.47			8		213		15.77			8		267		12.96			9
Commercial		1,991		7.36			37		1,935		8.47			41		1,805		7.96			36
Total loans held in portfolio		244,186		6.49			3,955		241,690		6.86			4,157		222,617		7.04			3,901
Other		6,000		3.94			59		6,321		3.74			59		3,472		5.77			49
Total interest-earning assets		285,265		6.45			4,595		287,988		6.76			4,879		295,700		6.81			5,011
Noninterest-earning assets:
Mortgage servicing rights		5,882							6,472							6,304
Goodwill		7,286							8,907							9,054
Other assets		21,495							21,909							20,847
Total assets	$	319,928						$	325,276						$	331,905
Liabilities
Interest-bearing liabilities:
Deposits:
Interest-bearing checking deposits	$	24,384		1.75			107	$	26,425		2.15			143	$	31,821		2.63			206
Savings and money market deposits		55,951		2.73			379		54,622		3.14			432		54,862		3.27			443
Time deposits		74,225		4.57			843		73,741		4.78			889		91,631		4.97			1,123
Total interest-bearing deposits		154,560		3.46			1,329		154,788		3.75			1,464		178,314		4.03			1,772
Federal funds purchased and commercial paper		1,009		3.62			9		3,385		4.96			42		3,846		5.48			52
Securities sold under agreements to repurchase		885		3.78			8		4,273		4.80			52		12,098		5.48			164
Advances from Federal Home Loan Banks		62,799		4.29			670		56,146		5.13			726		36,051		5.38			478
Other		34,048		4.71			400		39,268		5.52			545		32,808		5.67			461
Total interest-bearing liabilities		253,301		3.83			2,416		257,860		4.36			2,829		263,117		4.51			2,927
Noninterest-bearing sources:
Noninterest-bearing deposits		29,744							30,848							32,450
Other liabilities		8,902							8,956							9,482
Minority interests		3,915							3,665							2,449
Stockholders' equity		24,066							23,947							24,407
Total liabilities and stockholders' equity	$	319,928						$	325,276						$	331,905
Net interest spread and net interest income on a  taxable-equivalent basis				2.62		$	2,179				2.40		$	2,050				2.30		$	2,084
Impact of noninterest-bearing sources				0.43							0.46							0.50
Net interest margin on a taxable-equivalent basis				3.05							2.86							2.80
_______________________________

(1)	Includes taxable-equivalent adjustments primarily related to tax-exempt income on U.S. states and political subdivisions securities and loans related to the Company’s community lending and investment activities.  The federal statutory tax rate was 35% for the periods presented.
(2)	Nonaccrual assets and related income, if any, are included in their respective categories.
(3)	The average balance and yield are based on average amortized cost balances.
(4)	Capitalized interest recognized in earnings that resulted from negative amortization within the Option ARM portfolio totaled $336 million, $367 million and $361 million for the three months ended March 31, 2008, December 31, 2007 and March 31, 2007.
(5)	Excludes home loans and home equity loans and lines of credit in the subprime mortgage channel.
(6)	Represents mortgage loans purchased from recognized subprime lenders and mortgage loans originated under the Long Beach Mortgage name and held in the investment portfolio.
(7)	Represents loans to builders for the purpose of financing the acquisition, development and construction of single-family residences for sale and construction loans made directly to the intended occupant of a single-family residence.

WM - - 9

Washington Mutual, Inc.
Selected Financial Information
(dollars in millions)
(unaudited)
	Change from
	Dec. 31, 2007			Mar. 31,		Dec. 31,		Sept. 30,		June 30,		Mar. 31,
	to Mar. 31, 2008			2008		2007		2007		2007		2007
Deposits
Retail deposits:
Checking deposits:
Noninterest bearing	$	1,655		$	25,131	$	23,476	$	23,721	$	24,142	$	24,400
Interest bearing		(2,082	)		23,631		25,713		27,277		29,592		31,523
Total checking deposits		(427	)		48,762		49,189		50,998		53,734		55,923
Savings and money market deposits		6,330			51,317		44,987		43,360		43,617		44,058
Time deposits(1)		2,164			51,574		49,410		50,740		48,140		47,262
Total retail deposits		8,067			151,653		143,586		145,098		145,491		147,243
Commercial business and other deposits		(862	)		10,405		11,267		16,536		19,186		17,741
Brokered deposits:
Consumer		(350	)		17,739		18,089		17,484		17,153		18,995
Institutional		(804	)		1,711		2,515		8,107		11,025		17,256
Custodial and escrow deposits(2)		72			6,541		6,469		7,055		8,525		8,974
Total deposits	$	6,123		$	188,049	$	181,926	$	194,280	$	201,380	$	210,209

(1)	Weighted average remaining maturity of time deposits was 6 months at March 31, 2008, 7 months at December 31, 2007 and September 30, 2007, 8 months at June 30, 2007 and 9 months at March 31, 2007.
(2)	Substantially all custodial and escrow deposits reside in noninterest-bearing checking accounts.

	Mar. 31,		Dec. 31,		Sept. 30,		June 30,		Mar. 31,
	2008		2007		2007		2007		2007
Retail Deposit Accounts (number of accounts)
Noninterest-bearing checking		11,271,406		10,960,270		10,824,548		10,449,887		9,983,313
Interest-bearing checking		1,218,606		1,273,673		1,334,902		1,399,203		1,459,534
Savings and money market		7,293,256		7,118,349		7,087,311		6,936,870		6,708,784
Total transaction accounts, end of period(1)		19,783,268		19,352,292		19,246,761		18,785,960		18,151,631
Net change in noninterest-bearing checking accounts		311,136		135,722		374,661		466,574		371,607
Net change in checking accounts		256,069		74,493		310,360		406,243		327,776
_______________________________

(1) Transaction accounts include retail checking, small business checking, retail savings and small business savings.

	Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
	2008			2007			2007			2007			2007
Retail Banking Stores
Stores, beginning of period		2,257			2,212			2,235			2,228			2,225
Stores opened during the quarter		9			50			10			11			6
Stores closed during the quarter		(5	)		(5	)		(33	)		(4	)		(3	)
Stores, end of period		2,261			2,257			2,212			2,235			2,228

WM - - 10

Washington Mutual, Inc.
Selected Financial Information
(dollars in millions)
(unaudited)
	Quarter Ended
	Mar. 31,		Dec. 31,		Sept. 30,		June 30,		Mar. 31,
	2008		2007		2007		2007		2007
Loan Volume
Home loans:
Short-term adjustable-rate loans(1):
Option ARMs	$	231	$	3,945	$	6,174	$	7,888	$	7,777
Other ARMs		19		10		111		22		36
Total short-term adjustable-rate loans		250		3,955		6,285		7,910		7,813
Medium-term adjustable-rate loans(2)		3,810		5,972		9,868		14,953		13,567
Fixed-rate loans		9,427		7,382		6,176		8,172		8,824
Total home loan volume		13,487		17,309		22,329		31,035		30,204
Home equity loans and lines of credit		1,297		4,619		8,544		9,988		7,600
Home construction(3)		128		378		483		426		298
Multi-family		2,250		3,412		2,856		3,067		2,663
Other real estate		728		1,487		1,285		1,246		1,080
Total loans secured by real estate		17,890		27,205		35,497		45,762		41,845
Commercial		100		272		276		356		289
Total loan volume	$	17,990	$	27,477	$	35,773	$	46,118	$	42,134
Loan Volume by Channel
Retail	$	10,585	$	17,341	$	21,223	$	24,707	$	21,171
Wholesale		7,091		9,536		13,387		17,020		14,746
Purchased		314		600		1,163		4,391		6,217
Total loan volume by channel	$	17,990	$	27,477	$	35,773	$	46,118	$	42,134
Refinancing Activity(4)
Home loan refinancing	$	10,779	$	12,297	$	14,722	$	22,637	$	22,552
Home equity loans and lines of credit		22		46		143		157		550
Home construction loans		1		30		30		20		12
Multi-family and other real estate		1,033		1,436		1,225		1,378		1,131
Total refinancing	$	11,835	$	13,809	$	16,120	$	24,192	$	24,245

(1)	Short-term adjustable-rate loans reprice within one year.
(2)	Medium-term adjustable-rate loans reprice after one year.
(3)	Represents loans to builders for the purpose of financing the acquisition, development and construction of single-family residences for sale and construction loans made directly to the intended occupant of a single-family residence.
(4)	Includes loan refinancing entered into by both new and pre-existing loan customers.

WM - - 11

Washington Mutual, Inc.
Selected Financial Information
(dollars in millions)
(unaudited)
	Change from
	Dec. 31, 2007			Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
	to Mar. 31, 2008			2008			2007			2007			2007			2007
Loans Held in Portfolio
Loans secured by real estate:
Home:
Short-term adjustable-rate loans(1):
Option ARMs(2)	$	(3,024	)	$	55,846		$	58,870		$	58,137		$	53,455		$	58,130
Other ARMs		(699	)		15,532			16,231			15,478			13,538			13,501
Total short-term adjustable-rate loans		(3,723	)		71,378			75,101			73,615			66,993			71,631
Medium-term adjustable-rate loans(3)		844			40,217			39,373			37,717			29,647			29,924
Fixed-rate loans		(148	)		11,857			12,005			11,813			9,505			9,506
Total home loans		(3,027	)		123,452			126,479			123,145			106,145			111,061
Home equity loans and lines of credit		58			63,546			63,488			61,831			58,631			56,123
Home construction(4)		(138	)		2,088			2,226			2,110			2,058			2,071
Multi-family		774			32,528			31,754			30,831			29,290			29,515
Other real estate		498			10,022			9,524			8,335			6,879			6,728
Total loans secured by real estate(5)		(1,835	)		231,636			233,471			226,252			203,003			205,498
Consumer:
Credit card		158			8,989			8,831			8,791			9,913			9,490
Other		(19	)		186			205			224			243			261
Commercial		124			2,003			1,879			1,865			1,835			1,772
Total loans held in portfolio(6)		(1,572	)		242,814			244,386			237,132			214,994			217,021
Less: allowance for loan losses		(2,143	)		(4,714	)		(2,571	)		(1,889	)		(1,560	)		(1,540	)
Total loans held in portfolio, net	$	(3,715	)	$	238,100		$	241,815		$	235,243		$	213,434		$	215,481

(1)	Short-term adjustable-rate loans reprice within one year.
(2)	The total amount by which the unpaid principal balance of Option ARM loans exceeded their original principal amount was $1.93 billion, $1.73 billion, $1.50 billion, $1.30 billion and $1.12 billion at March 31, 2008, December 31, 2007, September 30, 2007, June 30, 2007 and March 31, 2007.
(3)	Medium-term adjustable-rate loans reprice after one year.
(4)	Represents loans to builders for the purpose of financing the acquisition, development and construction of single-family residences for sale and construction loans made directly to the intended occupant of a single-family residence.
(5)	Includes subprime mortgage channel loans, comprising mortgage loans purchased from recognized subprime lenders and mortgage loans originated under the Long Beach Mortgage name and held in the investment portfolio as follows:
	Subprime Mortgage Channel	Mar. 31,	Dec. 31,	Sept. 30,	June 30,	Mar. 31,
		2008	2007	2007	2007	2007
	Home loans	$        15,032	$        16,092	$        17,285	$        17,602	$        17,610
	Home equity loans and lines of credit	2,312	2,525	2,711	2,855	2,749
	Total	$        17,344	$        18,617	$        19,996	$        20,457	$        20,359
(6)	Includes net unamortized deferred loan costs of $1.42 billion, $1.45 billion, $1.44 billion, $1.58 billion and $1.71 billion at March 31, 2008, December 31, 2007, September 30, 2007, June 30, 2007 and March 31, 2007.

WM - - 12

Washington Mutual, Inc.
Selected Financial Information
(dollars in millions)
(unaudited)
							Weighted			Weighted			Weighted
		Change from					Average			Average			Average
		Dec. 31, 2007			Mar. 31,		Coupon	Dec. 31,		Coupon	Mar. 31,		Coupon
	to Mar. 31, 2008				2008		Rate	2007		Rate	2007		Rate
Selected Loans Secured by Real Estate
Home loans held in portfolio:
Short-term adjustable-rate loans(1):
Option ARMs		$	(3,024	)	$	55,846	7.30%	$	58,870	7.68%	$	58,130	7.74
Other ARMs			(699	)		15,532	6.94		16,231	6.99		13,501	7.25
Total short-term adjustable-rate loans			(3,723	)		71,378	7.22		75,101	7.53		71,631	7.65
Medium-term adjustable-rate loans(2)			844			40,217	6.35		39,373	6.41		29,924	5.86
Fixed-rate loans			(148	)		11,857	6.75		12,005	6.75		9,506	6.68
Total home loans held in portfolio			(3,027	)		123,452	6.89		126,479	7.11		111,061	7.08
Home equity loans and lines of credit:
Adjustable-rate			751			53,850	6.02		53,099	7.52		45,288	8.25
Fixed-rate			(693	)		9,696	7.67		10,389	7.72		10,835	7.57
Total home equity loans and lines of credit			58			63,546	6.27		63,488	7.55		56,123	8.12
Multi-family loans held in portfolio:
Short-term adjustable-rate loans(1):
Option ARMs			(136	)		6,158	6.70		6,294	7.12		8,373	7.29
Other ARMs			(641	)		7,469	6.03		8,110	6.40		7,779	7.01
Total short-term adjustable-rate loans			(777	)		13,627	6.33		14,404	6.71		16,152	7.15
Medium-term adjustable-rate loans(2)			1,366			16,817	6.12		15,451	6.14		11,545	5.78
Fixed-rate loans			185			2,084	6.22		1,899	6.28		1,818	6.39
Total multi-family loans held in portfolio			774			32,528	6.22		31,754	6.41		29,515	6.57
Total selected loans held in portfolio secured by real estate(3)			(2,195	)		219,526	6.61		221,721	7.13		196,699	7.30
Loans held for sale(4)			568			4,941	5.73		4,373	6.12		26,394	6.44
Total selected loans secured by real estate		$	(1,627	)	$	224,467	6.59	$	226,094	7.12	$	223,093	7.20

(1)	Short-term adjustable-rate loans reprice within one year.
(2)	Medium-term adjustable-rate loans reprice after one year.
(3)	At March 31, 2008, December 31, 2007 and March 31, 2007, adjustable-rate loans with lifetime caps were $182.93 billion, $182.12 billion and $162.24 billion with a lifetime weighted average cap rate of 12.60%, 12.49% and 12.31%.
(4)	Excludes credit card and student loans.

	Dec. 31, 2007
	to Mar. 31, 2008
Rollforward of Loans Held for Sale
Balance, beginning of period	$	5,403
Mortgage loans originated, purchased and transferred from held in portfolio		11,630
Mortgage loans transferred to held in portfolio		(346	)
Mortgage loans sold and other(1)		(10,716	)
Net change in consumer loans held for sale		(1,030	)
Balance, end of period	$	4,941
Rollforward of Home Loans Held in Portfolio
Balance, beginning of period	$	126,479
Loans originated, purchased and transferred from held for sale		2,265
Loan payments, transferred to held for sale and other		(5,292	)
Balance, end of period	$	123,452

(1) The unpaid principal balance ("UPB") of home loans sold was $10.0 billion for the three months ended March 31, 2008.

WM - - 13

Washington Mutual, Inc.
Selected Financial Information
(dollars in millions)
(unaudited)
	Quarter Ended
Detail of Revenue from Sales and Servicing of Home Mortgage Loans	Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
	2008			2007			2007			2007			2007
Gain (loss) from home mortgage loans and originated mortgage-backed securities, net of hedging and risk management instruments:
Gain (loss) from home mortgage loans and originated mortgage-backed securities(1)	$	143		$	7		$	(169	)	$	66		$	149
Revaluation gain (loss) from derivatives economically hedging loans held for sale		(21	)		(12	)		(53	)		126			(54	)
Gain (loss) from home mortgage loans and originated mortgage-backed securities, net of hedging
and risk management instruments		122			(5	)		(222	)		192			95
Home mortgage loan servicing revenue:
Home mortgage loan servicing revenue(2)		470			490			516			526			514
Change in MSR fair value due to payments on loans and other		(230	)		(255	)		(351	)		(401	)		(356	)
Net mortgage loan servicing revenue		240			235			165			125			158
Change in MSR fair value due to valuation inputs or assumptions		(499	)		(390	)		(201	)		530			(96	)
Revaluation gain (loss) from derivatives economically hedging MSR		548			518			419			(547	)		(32	)
Home mortgage loan servicing revenue, net of  MSR valuation changes
and derivative risk management instruments		289			363			383			108			30
Total revenue from sales and servicing of home mortgage loans	$	411		$	358		$	161		$	300		$	125

(1)	Originated mortgage-backed securities represent available-for-sale securities retained on the balance sheet subsequent to the securitization of mortgage loans that were originated by the Company.
(2)	Includes contractually specified servicing fees (net of guarantee fees paid to housing government-sponsored enterprises, where applicable), late charges and loan pool expenses (the shortfall of the scheduled interest required to be remitted to investors and that which is collected from borrrowers upon payoff).

	Quarter Ended
	Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
	2008			2007			2007			2007			2007
MSR Valuation and Risk Management:
Change in MSR fair value due to valuation inputs or assumptions	$	(499	)	$	(390	)	$	(201	)	$	530		$	(96	)
Gain (loss) on MSR risk management instruments:
Revaluation gain (loss) from derivatives		548			518			419			(547	)		(32	)
Revaluation gain (loss) from certain trading securities		-			-			4			(4	)		4
Total gain (loss) on MSR risk management instruments		548			518			423			(551	)		(28	)
Total changes in MSR valuation and risk management	$	49		$	128		$	222		$	(21	)	$	(124	)

WM - - 14

Washington Mutual, Inc.
Selected Financial Information
(dollars in millions)
(unaudited)
	Quarter Ended
	Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
	2008			2007			2007			2007			2007
Rollforward of Mortgage Servicing Rights(1)
Balance, beginning of period	$	6,278		$	6,794		$	7,231		$	6,507		$	6,193
Home loans:
Additions		181			127			116			592			760
Change in MSR fair value due to payments on loans and other		(230	)		(255	)		(351	)		(401	)		(356	)
Change in MSR fair value due to valuation inputs or
assumptions		(499	)		(390	)		(201	)		530			(96	)
Sale of MSR		(1	)		-			-			-			-
Net change in commercial real estate MSR		(3	)		2			(1	)		3			6
Balance, end of period	$	5,726		$	6,278		$	6,794		$	7,231		$	6,507
Rollforward of Mortgage Loans Serviced for Others
Balance, beginning of period	$	456,484		$	463,436		$	474,867		$	467,782		$	444,696
Home loans:
Additions		9,862			7,814			8,700			29,949			44,550
Sale of servicing		(109	)		-			-			-			-
Loan payments and other		(17,177	)		(15,739	)		(20,716	)		(24,213	)		(22,469	)
Net change in commercial real estate loans		66			973			585			1,349			1,005
Balance, end of period	$	449,126		$	456,484		$	463,436		$	474,867		$	467,782

(1) MSR as a percentage of mortgage loans serviced for others was 1.27%, 1.38%, 1.47%, 1.52% and 1.39% at March 31, 2008, December 31, 2007, September 30, 2007, June 30, 2007 and March 31, 2007.

	Mar. 31,		Dec. 31,		Sept. 30,		June 30,		Mar. 31,
	2008		2007		2007		2007		2007
Total Servicing Portfolio
Mortgage loans serviced for others	$	449,126	$	456,484	$	463,436	$	474,867	$	467,782
Consumer loans serviced for others		17,390		17,379		16,078		14,745		13,645
Servicing on retained MBS without MSR		904		942		980		1,023		1,082
Servicing on owned loans		236,877		238,344		232,392		218,122		226,217
Subservicing portfolio		285		399		418		439		465
Total servicing portfolio	$	704,582	$	713,548	$	713,304	$	709,196	$	709,191
							March 31, 2008
							Unpaid		Weighted
							Principal		Average
							Balance		Servicing Fee
									(in basis points,
Mortgage Loans Serviced for Others by Loan Type									annualized)
Agency							$	249,621		32
Private								171,078		57
Subprime mortgage channel-home								28,427		51
Total mortgage loans serviced for others(1)							$	449,126		43

(1) Weighted average coupon rate was 6.24% at March 31, 2008.

WM - - 15

Washington Mutual, Inc.
Selected Financial Information
(dollars in millions)
(unaudited)
	Quarter Ended
	Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
	2008			2007			2007			2007			2007
Allowance for Loan Losses
Balance, beginning of quarter	$	2,571		$	1,889		$	1,560		$	1,540		$	1,630
Allowance transferred to loans held for sale		-			(105	)		(217	)		(81	)		(148	)
Other		-			-			-			-			7
Provision for loan losses		3,511			1,534			967			372			234
		6,082			3,318			2,310			1,831			1,723
Loans charged off:
Loans secured by real estate:
Home loans(1)		(331	)		(105	)		(52	)		(21	)		(35	)
Home equity loans and lines of credit(1)		(486	)		(249	)		(104	)		(55	)		(29	)
Subprime mortgage channel(2)		(388	)		(277	)		(146	)		(103	)		(40	)
Home construction(3)		(8	)		-			-			(1	)		-
Multi-family		(4	)		(4	)		-			-			-
Other real estate		(2	)		(1	)		(1	)		(1	)		-
Total loans secured by real estate		(1,219	)		(636	)		(303	)		(181	)		(104	)
Consumer:
Credit card		(135	)		(126	)		(120	)		(106	)		(96	)
Other		(2	)		(2	)		(2	)		(2	)		(3	)
Commercial		(39	)		(32	)		(20	)		(15	)		(9	)
Total loans charged off		(1,395	)		(796	)		(445	)		(304	)		(212	)
Recoveries of loans previously charged off:
Loans secured by real estate:
Home loans(1)		1			4			1			1			1
Home equity loans and lines of credit(1)		9			4			3			3			3
Subprime mortgage channel(2)		1			4			1			11			1
Home construction(3)		-			2			-			-			-
Other real estate		1			2			2			-			-
Total loans secured by real estate		12			16			7			15			5
Consumer:
Credit card		12			31			14			15			16
Other		-			-			-			-			6
Commercial		3			2			3			3			2
Total recoveries of loans previously charged off		27			49			24			33			29
Net charge-offs		(1,368	)		(747	)		(421	)		(271	)		(183	)
Balance, end of quarter	$	4,714		$	2,571		$	1,889		$	1,560		$	1,540
Net charge-offs (annualized) as a percentage
of average loans held in portfolio		2.24	%		1.24	%		0.74	%		0.50	%		0.33	%
Allowance as a percentage of loans held in portfolio		1.94			1.05			0.80			0.73			0.71
______________________________

(1)	Excludes home loans and home equity loans and lines of credit in the subprime mortgage channel.
(2)	Represents mortgage loans purchased from recognized subprime lenders and mortgage loans originated under the Long Beach Mortgage name and held in the investment portfolio. Charge-offs in the second quarter of 2007 include $26 million of amounts primarily related to uncollected borrower expenses incurred in prior periods by and owed to a third party loan servicer.
(3)	Represents loans to builders for the purpose of financing the acquisition, development and construction of single-family residences for sale and construction loans made directly to the intended occupant of a single-family residence.

WM - - 16

Washington Mutual, Inc.
Selected Financial Information
(dollars in millions)
(unaudited)
	Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
	2008			2007			2007			2007			2007
Nonperforming Assets
Nonaccrual loans(1)(2):
Loans secured by real estate:
Home loans(3)	$	3,504		$	2,302		$	1,452		$	991		$	690
Home equity loans and lines of credit(3)		1,102			835			533			378			297
Subprime mortgage channel(4)		2,882			2,721			2,356			1,707			1,503
Home construction(5)		77			56			44			47			41
Multi-family		142			131			120			69			60
Other real estate		87			53			49			52			52
Total nonaccrual loans secured by real estate		7,794			6,098			4,554			3,244			2,643
Consumer		2			1			1			1			1
Commercial		28			24			22			30			28
Total nonaccrual loans held in portfolio		7,824			6,123			4,577			3,275			2,672
Foreclosed assets(6)		1,357			979			874			750			587
Total nonperforming assets(7)	$	9,181		$	7,102		$	5,451		$	4,025		$	3,259
Total nonperforming assets as a percentage of total assets		2.87	%		2.17	%		1.65	%		1.29	%		1.02	%
______________________________

(1)	Nonaccrual loans held for sale, which are excluded from the nonaccrual balances presented above, were zero, $4 million, $7 million, $171 million and $195 million at March 31, 2008, December 31, 2007, September 30, 2007, June 30, 2007 and March 31, 2007.  Loans held for sale are accounted for at the lower of cost or fair value, with valuation changes included as adjustments to noninterest income.
(2)	Credit card loans are exempt under regulatory rules from being classified as nonaccrual because they are charged off when they are determined to be uncollectible, or by the end of the month in which the account becomes 180 days past due.
(3)	Excludes home loans and home equity loans and lines of credit in the subprime mortgage channel.
(4)	Represents mortgage loans purchased from recognized subprime lenders and mortgage loans originated under the Long Beach Mortgage name and held in the investment portfolio.
(5)	Represents loans to builders for the purpose of financing the acquisition, development and construction of single-family residences for sale and construction loans made directly to the intended occupant of a single-family residence.
(6)	Foreclosed real estate securing Government National Mortgage Association (“GNMA”) loans of $25 million, $37 million, $46 million, $49 million and $72 million at March 31, 2008, December 31, 2007, September 30, 2007, June 30, 2007 and March 31, 2007 have been excluded.  These assets are fully collectible as the corresponding GNMA loans are insured by the Federal Housing Administration (“FHA”) or guaranteed by the Department of Veterans Affairs (“VA”).
(7)	Excludes accruing restructured loans of $372 million, $251 million, $269 million, $277 million and $340 million at March 31, 2008, December 31, 2007, September 30, 2007, June 30, 2007 and March 31, 2007.