Escolar Documentos
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Restricted For Use in Connection with Plan Confirmation Only
Highly Confidential Information WGM 00001912
Restricted For Use in Connection with Plan Confirmation Only
Hi hi Confidential Information
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Return
Washington Mutual Inc. Daily Cash Flow Projection
A B C D E F G H I J K L M N 0 P Q R S
1 2/1/2008 2/2/2008 2/3/2008 2/4/2008 2/5/2008 2/6/2008 2/7/2008 2/8/2008 2/9/2008 2/10/2008 2/11/2008 2/12/2008 2/13/2008 2/14/2008 2/15/2008 2/16/2008 2/17/2008 2/18/2008
2 Fri Sat Sun Mon Tues Wed Thurs Fri Sat Sun Mon Tues Wed Thurs Fri Sat Sun Mon
3 Common Dividends
4 NACI 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
5 WMB 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
6 WMBfsb 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
7 WMI Common Stockholders 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (129,798) 0 0 0
8 BU Preferred Stock Purchase / Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $750 MM @ 7.5% due 8-15-06 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
12 Senior $250MM @ 7.5% due 8-15-06 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13 Senior $1,OOOMM @ 5.625% due 1-15-07 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
14 BU $220MM Sub @8.875% due 5-1-07 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
15 Senior $750MM @ 4.375% due 1-15-08 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
16 Senior $250MM@3mL+0.15% due 3-22-08 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
17 Senior $lbn @ 4.0% due 1-15-09 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
18 Sub $500mm @5.54& due 8-24-09
19 Senior $600mm @ 4.2% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20 Senior $250mm @ 3mL+0.30% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
21 Sub $500MM @8.25% due 4-1-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
22 NMTN $400mm @5.5% due 8-24-11 0 0 0 0 0
23 Senior $350MM@3mL+0.30% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
24 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
25 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
26 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
27 Senior $750MM@5.25% due 9-15-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
28 Pref$150MM @ 8.36% due 12-1-26 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
29 DME trust prfd $200mm @9.33% due 5-6-27 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
30 Pref$400MM @8.375% due 6-1-27 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
31 Trust PIERS $1,150MM@5.375% due 5-1-41 (15,453) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
32
33 Subtotal, Net Dividends (15,453) 0 0 0 0 0 0 0 0 0 0 0 0 0 (129,798) 0 0 0
34 Other Operating Activities
35 Long Beach Mortgage 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
36 Master Note With NACI 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
37 Master Note With Aircraft Holdings 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
38 Fundings to WCC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
39 Cash transfer from Co. 1 dda 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
40 Tax Receipts 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
41 Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
42 Intercompany Settlement 0 0 0 0 0 0 (5,706) 6,707 0 0 (53) (524) 108 (51) 413 0 0 0
43 All Other (23,519) 0 0 13,404 14,713 (1,787) 9,697 (2,465) 0 0 (19,062) 11,163 3,727 (9,331) (8,845) 0 0 0
44 Subtotal (23,519) 0 0 13,404 14,713 (1,787) 3,991 4,242 0 0 (19,115) 10,639 3,835 (9,382) (8,432) 0 0 0
45 Financing Activities
46 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
47 Stock Buyback/Debt Repurchase (6,259) 0 0 (18,351) (19,902) (29,520) 0 (9,000) 0 0 (38,622) (14,179) 0 (8,757) (20,555) 0 0 0
48 Subtotal (6,259) 0 0 (18,351) (19,902) (29,520) 0 (9,000) 0 0 (38,622) (14,179) 0 (8,757) (20,555) 0 0 0
49 Beginning Co2 Cash 3,489,450 3,444,218 3,444,218 3,444,218 3,439,271 3,434,082 3,402,775 3,406,767 3,402,009 3,402,009 3,402,009 3,344,273 3,340,733 3,344,568 3,326,429 3,167,643 3,167,643 3,167,643
50 Net Increase/(Decrease) in Cash (45,232) 0 0 (4,947) (5,189) (31,306) 3,991 (4,757) 0 0 (57,737) (3,540) 3,835 (18,139) (158,786) 0 0 0
51 EndiD!! Co2 Cash 3444218 3444218 3444218 3439271 3434082 3402775 3406767 3402009 3402009 3402009 3344273 3340733 3344568 3326429 3167643 3167643 3167643 3167643
52
53 Beginning Col Cash 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
54 Net Increase/(Decrease) in Cash 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
55 Ending Col Cash 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
56
57 Ending Total Cash 3,444,218 3,444,218 3,444,218 3,439,271 3,434,082 3,402,775 3,406,767 3,402,009 3,402,009 3,402,009 3,344,273 3,340,733 3,344,568 3,326,429 3,167,643 3,167,643 3,167,643 3,167,643
58
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Washington Mutual Inc. Daily Cash Flow Projection
A B C D E F G H
1 2/1/2008 2/2/2008 2/3/2008 2/4/2008 2/5/2008 2/6/2008 2/7/2008
2 Fri Sat Sun Mon Tues Wed Thurs
3 Common Dividends
4 NACI 0 0 0 0 0 0 0
5 WMB 0 0 0 0 0 0 0
6 WMBfsb 0 0 0 0 0 0 0
7 WMI Common Stockholders 0 0 0 0 0 0 0
8 BU Preferred Stock Purchase / Dividends 0 0 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $750 MM@7.5% due 8-15-06 0 0 0 0 0 0 0
12 Senior $250MM@7.5%due8-15-06 0 0 0 0 0 0 0
13 Senior $1.000MM@5.625%duel-15-07 0 0 0 0 0 0 0
14 BU $220MM Sub@8.875%due5107 0 0 0 0 0 0 0
15 Senior $750MM@4.375%due 1-15-08 0 0 0 0 0 0 0
16 Senior $250MM@3mL+0.15%due3-22-08 0 0 0 0 0 0 0
17 Senior $lbn@4.0%due 1-15-09 0 0 0 0 0 0 0
18 Sub $500nun@5.54& due 8-24-09
19 Senior $600mm@4.2%duel-15-10 0 0 0 0 0 0 0
20 Senior $250mm@3mL+O.30%duel-15-10 0 0 0 0 0 0 0
21 Sub $500MM@8.25%due4-1-10 0 0 0 0 0 0 0
22 NMfN $400mm @5.5% due 8-24-11
23 Senior $350MM@3mL+0.30%due3-22-12 0 0 0 0 0 0 0
24 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0 0
25 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0 0
26 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0 0
27 Senior $750MM@5.25%due9-15-17 0 0 0 0 0 0 0
28 Pref$150MM@8.36%dueI2-1-26 0 0 0 0 0 0 0
29 DME trust prfd $200mm @9.33% due 5-6-27 0 0 0 0 0 0 0
30 Pref$400MM@8.375%due6-1-27 0 0 0 0 0 0 0
31 Trust PIERS $J.l50MM@5.375%due5-1-41 (15.453) 0 0 0 0 0 0
32
33 Subtotal, Net Dividends (15.453) 0 0 0 0 0 0
34 Other Operating Activities
35 Long Beach Mortgage 0 0 0 0 0 0 0
36 Master Note With NACI 0 0 0 0 0 0 0
37 Master Note With Aircraft Holdings 0 0 0 0 0 0 0
38 Fundings to WCC 0 0 0 0 0 0 0
39 Cash transfer from Co. 1 dda 0 0 0 0 0 0 0
40 Tax Receipts 0 0 0 0 0 0 0
41 Tax Payments 0 0 0 0 0 0 0
42 Intercompany Settlement 0 0 0 0 0 0 (5.706)
43 All 01l1er (23.519) 0 0 13.404 14.713 (1.787) 9.697
44 Subtotal (23.519) 0 0 13.404 14.713 (1.787) 3.991
45 Financing Activities
46 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0
47 Stock Buyback/Debt Repurchase (6,259) 0 0 (18,351) (19,902) (29,520) 0
48 Subtotal (6,259) 0 0 (18,351) (19,902) (29,520) 0
49 Beginning Co2 Cash 3,489,450 3,444,218 3,444,218 3,444,218 3,439,271 3,434,082 3,402,775
50 Net Increasel(Decrease) in Cash (45,232) 0 0 (4,947) (5,189) (31,306) 3,991
51 End" 3444218 3444218 3444218 3439271 3434082 3402775 3406767
52
53 Beginning Col Cash 0 0 0 0 0 0 0
54 Net Increasel(Decrease) in Cash 0 0 0 0 0 0 0
55 Ending Col Cash 0 0 0 0 0 0 0
56
57 Ending Total Cash 3,444,218 3,444,218 3,444,218 3,439,271 3,434,082 3,402,775 3,406,767
58
I J K L M N
2/8/2008 2/9/2008 2/10/2008 2/11/2008 2/12/2008 2/13/2008
Fri Sat Sun Mon Tues Wed
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
6.707 0 0 (53) (524) 108
(2.465) 0 0 (19.062) 11.163 3.727
4.242 0 0 (19.115) 10.639 3.835
0 0 0 0 0 0
(9,000) 0 0 (38,622) (14,179) 0
(9,000) 0 0 (38,622) (14,179) 0
3,406,767 3,402,009 3,402,009 3,402,009 3,344,273 3,340,733
(4,757) 0 0 (57,737) (3,540) 3,835
3402009 3402009 3402009 3344273 3340733 3344568
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
3,402,009 3,402,009 3,402,009 3,344,273 3,340,733 3,344,568
0 P
2/14/2008 2/15/2008
Thurs Fri
0 0
0 0
0 0
0 (129.798)
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 (129.798)
0 0
0 0
0 0
0 0
0 0
0 0
0 0
(51) 413
(9.331) (8.845)
(9.382) (8.432)
0 0
(8.757) (20,555)
(8,757) (20,555)
3,344,568 3,326,429
(18,139) (158,786)
3326429 3167643
0 0
0 0
0 0
3,326,429 3,167,643
Q R
2/16/2008 2/17/2008
Sat Sun
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
3,167,643 3,167,643
0 0
3167643 3167643
0 0
0 0
0 0
3,167,643 3,167,643
S
2/18/2008
Mon
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,167,643
0
3167643
0
0
0
3,167,643
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Return
Washington Mutual Inc. Daily Cash Flow Projection
A T U V W X Y Z AA AS AC AD AE
1 2/19/2008 2/20/2008 2/21/2008 2/22/2008 2/23/2008 2/24/2008 2/25/2008 2/26/2008 2/27/2008 2/28/2008 2/29/2008 Feb 05 Total
2 Tues Wed Thurs Fri Sat Sun Mon Tues Wed Thurs Fri
3 Common Dividends
4 NACI 0 0 0 0 0 0 0 0 0 0 0 0
5 WMB 0 0 0 0 0 0 0 0 0 0 0 0
6 WMBfsb 0 0 0 0 0 0 0 0 0 0 0 0
7 WMI Common Stockholders 0 0 0 0 0 0 0 0 0 0 0 (129,798)
8 BU Preferred Stock Purchase / Dividends 0 0 0 0 0 0 0 0 0 0 0 0
9 0
10 Debt Service (P & I) Payments 0
11 Senior $750 MM @ 7.5% due 8-15-06 0 0 0 0 0 0 0 0 0 0 0 0
12 Senior $250MM @ 7.5% due 8-15-06 0 0 0 0 0 0 0 0 0 0 0 0
13 Senior $1,OOOMM @ 5.625% due 1-15-07 0 0 0 0 0 0 0 0 0 0 0 0
14 BU $220MM Sub @8.875% due 5-1-07 0 0 0 0 0 0 0 0 0 0 0 0
15 Senior $750MM @ 4.375% due 1-15-08 0 0 0 0 0 0 0 0 0 0 0 0
16 Senior $250MM@3mL+0.15% due 3-22-08 0 0 0 0 0 0 0 0 0 0 0 0
17 Senior $lbn @ 4.0% due 1-15-09 0 0 0 0 0 0 0 0 0 0 0 0
18 Sub $500mm @5.54& due 8-24-09 0 0 0 0 0 (5,595) 0 0 0 0 (5,595)
19 Senior $600mm @ 4.2% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0
20 Senior $250mm @ 3mL+0.30% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0
21 Sub $500MM @8.25% due 4-1-10 0 0 0 0 0 0 0 0 0 0 0 0
22 NMTN $400mm @5.5% due 8-24-11 0 0 0 0 0 0 (11,000) 0 0 0 0 (11,000)
23 Senior $350MM@3mL+0.30% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0
24 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0
25 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0 0 0 0 0 0 0
26 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0 0 0 0 0 0 0
27 Senior $750MM@5.25% due 9-15-17 0 0 0 0 0 0 0 0 0 0 0 0
28 Pref$150MM @ 8.36% due 12-1-26 0 0 0 0 0 0 0 0 0 0 0 0
29 DME trust prfd $200mm @9.33% due 5-6-27 0 0 0 0 0 0 0 0 0 0 0 0
30 Pref$400MM @8.375% due 6-1-27 0 0 0 0 0 0 0 0 0 0 0 0
31 Trust PIERS $1,150MM@5.375% due 5-1-41 0 0 0 0 0 0 0 0 0 0 0 (15,453)
32
33 Subtotal, Net Dividends 0 0 0 0 0 0 (16,595) 0 0 0 0 (161,846)
34 Other Operating Activities
35 Long Beach Mortgage 0 0 0 0 0 0 0 0 0 0 0 0
36 Master Note With NACI 0 0 0 0 0 0 0 0 0 0 0 0
37 Master Note With Aircraft Holdings 0 0 0 0 0 0 0 0 0 0 0 0
38 Fundings to WCC 0 0 0 0 0 0 0 0 0 0 0 0
39 Cash transfer from Co. 1 dda 0 0 0 0 0 0 0 0 0 0 0 0
40 Tax Receipts 0 0 0 0 0 0 0 1,938,610 0 0 0 1,938,610
41 Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0
42 Intercompany Settlement 8 398 (638) (131) 0 0 0 (1,938,610) 0 0 12,773 (1,925,307)
43 All Other (25,362) 1,783 (17,862) (5,353) 0 0 28,247 (5,118) (15,161) 11,169 3,254 (36,707)
44 Subtotal (25,354) 2,180 (18,500) (5,484) 0 0 28,247 (5,118) (15,161) 11,169 16,027 (23,404)
45 Financing Activities
46 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0 0 0 0 0 0
47 Stock Buyback/Debt Repurchase (113,392) (21,295) 0 0 0 0 0 0 0 0 0 (299,832)
48 Subtotal (113,392) (21,295) 0 0 0 0 0 0 0 0 0 (299,832)
49 Beginning Co2 Cash 3,167,643 3,028,897 3,009,782 2,991,282 2,985,798 2,985,798 2,985,798 2,997,451 2,992,333 2,977,172 2,988,341 3,489,450
50 Net Increase/(Decrease) in Cash (138,746) (19,115) (18,500) (5,484) 0 0 11,653 (5,118) (15,161) 11,169 16,027 (485,083)
51 EndiD!! Co2 Cash 3028897 3009782 2991282 2985798 2985798 2985798 2997451 2992333 2977 172 2988341 3004367 3004367
52
53 Beginning Col Cash 0 0 0 0 0 0 0 0 0 0 0 0
54 Net Increase/(Decrease) in Cash 0 0 0 0 0 0 0 0 0 0 0 0
55 Ending Col Cash 0 0 0 0 0 0 0 0 0 0 0 0
56
57 Ending Total Cash 3,028,897 3,009,782 2,991,282 2,985,798 2,985,798 2,985,798 2,997,451 2,992,333 2,977,172 2,988,341 3,004,367 3,004,367
58
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Washington Mutual Inc. Daily Cash Flow Projection
A T U V W
1 2/19/2008 2/20/2008 2/21/2008 2/22/2008
2 Tues Wed Thurs Fri
3 Common Dividends
4 NACI 0 0 0 0
5 WMB 0 0 0 0
6 WMBfsb 0 0 0 0
7 WMI Common Stockholders 0 0 0 0
8 BU Preferred Stock Purchase / Dividends 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $750 MM@7.5% due 8-15-06 0 0 0 0
12 Senior $250MM@7.5%due8-15-06 0 0 0 0
13 Senior $1.000MM@5.625%duel-15-07 0 0 0 0
14 BU $220MM Sub@8.875%due5107 0 0 0 0
15 Senior $750MM@4.375%due 1-15-08 0 0 0 0
16 Senior $250MM@3mL+0.15%due3-22-08 0 0 0 0
17 Senior $lbn@4.0%due 1-15-09 0 0 0 0
18 Sub $500nun@5.54& due 8-24-09 0 0 0
19 Senior $600mm@4.2%duel-15-10 0 0 0 0
20 Senior $250mm@3mL+O.30%duel-15-10 0 0 0 0
21 Sub $500MM@8.25%due4-1-10 0 0 0 0
22 NMTN $400mm @5.5% due 8-24-11 0 0 0 0
23 Senior $350MM@3mL+0.30%due3-22-12 0 0 0 0
24 Senior $400MM@5% due 3-22-12 0 0 0 0
25 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0
26 Sub $500MM @4.625% due 4-1-14 0 0 0 0
27 Senior $750MM@5.25%due9-15-17 0 0 0 0
28 Pref$150MM@8.36%dueI2-1-26 0 0 0 0
29 DME trust prfd $200mm @9.33% due 5-6-27 0 0 0 0
30 Pref$400MM@8.375%due6-1-27 0 0 0 0
31 Trust PIERS $J.l50MM@5.375%due5-1-41 0 0 0 0
32
33 Subtotal, Net Dividends 0 0 0 0
34 Other Operating Activities
35 Long Beach Mortgage 0 0 0 0
36 Master Note With NACI 0 0 0 0
37 Master Note With Aircraft Holdings 0 0 0 0
38 Fundings to WCC 0 0 0 0
39 Cash transfer from Co. 1 dda 0 0 0 0
40 Tax Receipts 0 0 0 0
41 Tax Payments 0 0 0 0
42 Intercompany Settlement 8 398 (638) (131)
43 All 01l1er (25.362) 1.783 (17.862) (5.353)
44 Subtotal (25.354) 2.180 (18.500) (5.484)
45 Financing Activities
46 Commercial Paper Issued (Matured) 0 0 0 0
47 Stock Buyback/Debt Repurchase (113,392) (21,295) 0 0
48 Subtotal (113,392) (21,295) 0 0
49 Beginning Co2 Cash 3,167,643 3,028,897 3,009,782 2,991,282
50 Net Increasel(Decrease) in Cash (138,746) (19,115) (18,500) (5,484)
51 End" 3,028897 3009782 2991282 2985798
52
53 Beginning Col Cash 0 0 0 0
54 Net Increasel(Decrease) in Cash 0 0 0 0
55 Ending Col Cash 0 0 0 0
56
57 Ending Total Cash 3,028,897 3,009,782 2,991,282 2,985,798
58
X Y Z AA
2/23/2008 2/24/2008 2/25/2008 2/26/2008
Sat Sun Mon Tues
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 (5.595) 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 (11.000) 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 (16.595) 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 1.938.6l0
0 0 0 0
0 0 0 (I.938.6l0)
0 0 28.247 (5.118)
0 0 28.247 (5.118)
0 0 0 0
0 0 0 0
0 0 0 0
2,985,798 2,985,798 2,985,798 2,997,451
0 0 11,653 (5,118)
2985798 2985798 2997451 2992 333
0 0 0 0
0 0 0 0
0 0 0 0
2,985,798 2,985,798 2,997,451 2,992,333
AB AC AD
2/27/2008 2/28/2008 2/29/2008
Wed Thurs Fri
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 12.773
(15.161) 11.169 3.254
(15.161) 11.169 16.027
0 0 0
0 0 0
0 0 0
2,992,333 2,977,172 2,988,341
(15,161) 11,169 16,027
2977172 2988341 3004367
0 0 0
0 0 0
0 0 0
2,977,172 2,988,341 3,004,367
AE
Feb 05 Total
0
0
0
(129.798)
0
0
0
0
0
0
0
0
0
0
(5.595)
0
0
0
(11.000)
0
0
0
0
0
0
0
0
(15.453)
(161.846)
0
0
0
0
0
1.938.610
0
(1.925.307)
(36.707)
(23.404)
0
(299,832)
(299,832)
3,489,450
(485,083)
3004,367
0
0
0
3,004,367
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Washington Mutual Inc. Daily Cash Flow Projection
Cell: AA40
Comment: Doreen Logan:
Tax refund from IRS
Cell: AA42
Comment: Doreen Logan:
Tax reimbursement paid to WMB and subs
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Washington Mutual Inc. Daily Cash Flow Projection
A B C D E F G H I J K L M N 0 P Q R S
1 3/1/2008 3/2/2008 3/3/2008 3/4/2008 3/5/2008 3/6/2008 3/7/2008 3/8/2008 3/9/2008 3/10/2008 3/11/2008 3/12/2008 3/13/2008 3/14/2008 3/15/2008 3/16/2008 3/17/2008 3/18/2008
2 Sat Sun Mon Tues Wed Thurs Fri Sat Sun Mon Tues Wed Thurs Fri Sat Sun Mon Tues
3 Common Dividends
4 NACI 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
5 WMB 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
6 WMBfsb 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
7 WMI Common Stockholders 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
8 Series K Preferred Stock Purchase / Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (7,192) 0
9 Series R Preferred Stock Purchase / Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (57,479) 0
10
11 Debt Service (P & I) Payments
12 Senior $750 MM @ 7.5% due 8-15-06 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13 Senior $250MM @ 7.5% due 8-15-06 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
14 Senior $1,OOOMM @ 5.625% due 1-15-07 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
15 BU $220MM Sub @8.875% due 5-1-07 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
16 Senior $750MM @ 4.375% due 1-15-08 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
17 Senior $250MM@3mL+0.15% due 3-22-08 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
18 Senior $lbn @ 4.0% due 1-15-09 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Senior $600mm @ 4.2% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20 Senior $250mm @ 3mL+0.30% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
21 Sub $500MM @8.25% due 4-1-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
22 Senior $350MM@3mL+0.30% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
23 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
24 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (6,813) 0
25 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
26 Senior $750MM@5.25% due 9-15-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (19,688) 0
27 Pref$150MM @ 8.36% due 12-1-26 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
28 DME trust prfd $200mm @9.33% due 5-6-27 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
29 Pref$400MM @8.375% due 6-1-27 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
30 Trust PIERS $1,150MM@5.375% due 5-1-41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
31 Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
32
33 Subtotal, Net Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (91,172) 0
34 Other Operating Activities
35 Long Beach Mortgage 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
36 Master Note With NACI 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
37 Master Note With Aircraft Holdings 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
38 Fundings to WCC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
39 Cash transfer from Co. 1 dda 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
40 Tax Receipts 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20,543 0
41 Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (170,116) 0
42 Intercompany Settlements 0 0 0 2,450 0 (8) (7) 0 0 0 0 0 (4,343) 478 0 0 183 0
43 All Other 0 0 12,672 44,523 (1,272) (16,135) (11,978) 0 0 (17,659) 14,625 10,358 (8,126) 13,058 0 0 14,125 32,166
44 Subtotal 0 0 12,672 46,973 (1,272) (16,143) (11,985) 0 0 (17,659) 14,625 10,358 (12,469) 13,535 0 0 (135,266) 32,166
45 Financing Activities
46 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
47 Stock Buyback 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
48 Subtotal 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
49
50 Beginning Co2 Cash 3,004,367 3,004,367 3,004,367 3,017,039 3,064,012 3,062,740 3,046,597 3,034,612 3,034,612 3,034,612 3,016,954 3,031,579 3,041,936 3,029,467 3,043,002 3,043,002 3,043,002 2,816,564
51 Net Increase/(Decrease) in Cash 0 0 12,672 46,973 (1,272) (16,143) (11,985) 0 0 (17,659) 14,625 10,358 (12,469) 13,535 0 0 (226,438) 32,166
52 Ending Co2 Cash 3,004,367 3,004,367 3,017,039 3,064,012 3,062,740 3,046,597 3,034,612 3,034,612 3,034,612 3,016,954 3,031,579 3,041,936 3,029,467 3,043,002 3,043,002 3,043,002 2,816,564 2,848,730
53
54 Beginning COl Cash 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
55 Net Increase/(Decrease) in Cash 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
56 Ending Col Cash
57
58 Ending Total Cash 3,004,367 3,004,367 3,017,039 3,064,012 3,062,740 3,046,597 3,034,612 3,034,612 3,034,612 3,016,954 3,031,579 3,041,936 3,029,467 3,043,002 3,043,002 3,043,002 2,816,564 2,848,730
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Washington Mutual Inc. Daily Cash Flow Projection
A B C D E F G H
1 3/1/2008 3/2/2008 3/3/2008 3/4/2008 3/5/2008 3/6/2008 3/7/2008
2 Sat Sun Mon Tues Wed Thurs Fri
3 Common Dividends
4 NACI 0 0 0 0 0 0 0
5 WMB 0 0 0 0 0 0 0
6 WMBfsb 0 0 0 0 0 0 0
7 WMI Common Stockholders 0 0 0 0 0 0 0
8 Series K Preferred Stock Purchase / Dividends 0 0 0 0 0 0 0
9 Series R Preferred Stock Purchase I Dividends 0 0 0 0 0 0 0
10
11 Debt Service (P & I) Payments
12 Senior $750 MM@7.5% due 8-15-06 0 0 0 0 0 0 0
13 Senior $250MM@7.5%due8-15-06 0 0 0 0 0 0 0
14 Senior $1.000MM@5.625%duel-15-07 0 0 0 0 0 0 0
15 BU $220MM Sub@8.875%due5107 0 0 0 0 0 0 0
16 Senior $750MM@4.375%due 1-15-08 0 0 0 0 0 0 0
17 Senior $250MM@3mL+0.15%due3-22-08 0 0 0 0 0 0 0
18 Senior $lbn@4.0%due 1-15-09 0 0 0 0 0 0 0
19 Senior $600mm@4.2%duel-15-10 0 0 0 0 0 0 0
20 Senior $250mm@3mL+O.30%duel-15-10 0 0 0 0 0 0 0
21 Sub $500MM@8.25%due4-1-10 0 0 0 0 0 0 0
22 Senior $350MM@3mL+0.30%due3-22-12 0 0 0 0 0 0 0
23 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0 0
24 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0 0
25 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0 0
26 Senior $750MM@5.25%due9-15-17 0 0 0 0 0 0 0
27 Pref$150MM@8.36%dueI2-1-26 0 0 0 0 0 0 0
28 DME trust prfd $200mm @9.33% due 5-6-27 0 0 0 0 0 0 0
29 Pref$400MM@8.375%due6-1-27 0 0 0 0 0 0 0
30 Trust PIERS $J.l50MM@5.375%due5-1-41 0 0 0 0 0 0 0
31 Debt Issuance 0 0 0 0 0 0
32
33 Subtotal, Net Dividends 0 0 0 0 0 0 0
34 Other Operating Activities
35 Long Beach Mortgage 0 0 0 0 0 0 0
36 Master Note With NACI 0 0 0 0 0 0 0
37 Master Note With Aircraft Holdings 0 0 0 0 0 0 0
38 Fundings to WCC 0 0 0 0 0 0 0
39 Cash transfer from Co. 1 dda 0 0 0 0 0 0 0
40 Tax Receipts 0 0 0 0 0 0 0
41 Tax Payments 0 0 0 0 0 0 0
42 Intercompany Settlements 0 0 0 2.450 0 (8) (7)
43 All 01l1er 0 0 12.672 44.523 (1.272) (16.135) (11.978)
44 Subtotal 0 0 12.672 46.973 (1.272) (16.143) (11.985)
45 Financing Activities
46 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0
47 Stock Buyback 0 0 0 0 0 0 0
48 Subtotal 0 0 0 0 0 0 0
49
50 Beginning Co2 Cash 3,004,367 3,004,367 3,004,367 3,017,039 3,064,012 3,062,740 3,046,597
51 Net Increasel(Decrease) in Cash 0 0 12,672 46,973 (1,272) (16,143) (11,985)
52 Ending Co2 Cash 3,004,367 3,004,367 3,017,039 3,064,012 3,062,740 3,046,597 3,034,612
53
54 Beginning COl Cash 0 0 0 0 0 0 0
55 Net Increasel(Decrease) in Cash 0 0 0 0 0 0 0
56 Ending Col Cash 0 0 0 0 0 0 0
57
58 Ending Total Cash 3,004,367 3,004,367 3,017,039 3,064,012 3,062,740 3,046,597 3,034,612
I J K L M N
3/8/2008 3/9/2008 3/10/2008 3/11/2008 3/12/2008 3/13/2008
Sat Sun Mon Tues Wed Thurs
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 (4.343)
0 0 (17.659) 14.625 10.358 (8.126)
0 0 (17.659) 14.625 10.358 (12.469)
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
3,034,612 3,034,612 3,034,612 3,016,954 3,031,579 3,041,936
0 0 (17,659) 14,625 10,358 (12,469)
3,034,612 3,034,612 3,016,954 3,031,579 3,041,936 3,029,467
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
3,034,612 3,034,612 3,016,954 3,031,579 3,041,936 3,029,467
0 P Q
3/14/2008 3/15/2008 3/16/2008
Fri Sat Sun
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
478 0 0
13.058 0 0
13.535 0 0
0 0 0
0 0 0
0 0 0
3,029,467 3,043,002 3,043,002
13,535 0 0
3,043,002 3,043,002 3,043,002
0 0 0
0 0 0
0 0 0
3,043,002 3,043,002 3,043,002
R
3/17/2008
Mon
0
0
0
0
(7.192)
(57.479)
0
0
0
0
0
0
0
0
0
0
0
0
(6.813)
0
(19.688)
0
0
0
0
0
(9J.l72)
0
0
0
0
0
20.543
(170.116)
183
14.125
(135.266)
0
0
0
3,043,002
(226,438)
2,816,564
0
0
0
2,816,564
S
3/18/2008
Tues
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
32.166
32.166
0
0
0
2,816,564
32,166
2,848,730
0
0
0
2,848,730
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Washington Mutual Inc. Daily Cash Flow Projection
A T U V W X Y Z AA AS AC AD AE AF AG
1 3/19/2008 3/20/2008 3/21/2008 3/22/2008 3/23/2008 3/24/2008 3/25/2008 3/26/2008 3/27/2008 3/28/2008 3/29/2008 3/30/2008 3/31/2008 Mar 08 Total
2 Wed Thurs Fri Sat Sun Mon Tues Wed Thu Fri Sat Sun Mon
3 Common Dividends
4 NACI 0 0 0 0 0 0 0 0 0 0 0 0 0 0
5 WMB 0 0 0 0 0 0 0 0 0 0 0 0 0 0
6 WMBfsb 0 0 0 0 0 0 0 0 0 0 0 0 0 0
7 WMI Common Stockholders 0 0 0 0 0 0 0 0 0 0 0 0 0 0
8 Series K Preferred Stock Purchase / Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 (7,192)
9 Series R Preferred Stock Purchase / Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 (57,479)
10
11 Debt Service (P & I) Payments
12 Senior $750 MM @ 7.5% due 8-15-06 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13 Senior $250MM @ 7.5% due 8-15-06 0 0 0 0 0 0 0 0 0 0 0 0 0 0
14 Senior $1,OOOMM @ 5.625% due 1-15-07 0 0 0 0 0 0 0 0 0 0 0 0 0 0
15 BU $220MM Sub @8.875% due 5-1-07 0 0 0 0 0 0 0 0 0 0 0 0 0 0
16 Senior $750MM @ 4.375% due 1-15-08 0 0 0 0 0 0 0 0 0 0 0 0 0 0
17 Senior $250MM@3mL+0.15% due 3-22-08 0 (253,208) 0 0 0 0 0 0 0 0 0 0 0 (253,208)
18 Senior $lbn @ 4.0% due 1-15-09 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Senior $600mm @ 4.2% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20 Senior $250mm @ 3mL+0.30% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0
21 Sub $500MM @8.25% due 4-1-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0
22 Senior $350MM@3mL+0.30% due 3-22-12 0 0 0 0 0 0 (5,961) 0 0 0 0 0 0 (5,961)
23 Senior $400MM@5% due 3-22-12 0 0 0 0 0 (10,000) 0 0 0 0 0 0 0 (10,000)
24 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0 0 0 0 0 0 0 0 (6,813)
25 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0 0 0 0 0 0 0 0 0
26 Senior $750MM@5.25% due 9-15-17 0 0 0 0 0 0 0 0 0 0 0 0 0 (19,688)
27 Pref$150MM @ 8.36% due 12-1-26 0 0 0 0 0 0 0 0 0 0 0 0 0 0
28 DME trust prfd $200mm @9.33% due 5-6-27 0 0 0 0 0 0 0 0 0 0 0 0 0 0
29 Pref$400MM @8.375% due 6-1-27 0 0 0 0 0 0 0 0 0 0 0 0 0 0
30 Trust PIERS $1,150MM@5.375% due 5-1-41 0 0 0 0 0 0 0 0 0 0 0 0 0 0
31 Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 0 0
32
33 Subtotal, Net Dividends 0 (253,208) 0 0 0 (10,000) (5,961) 0 0 0 0 0 0 (360,341)
34 Other Operating Activities
35 Long Beach Mortgage 0 0 0 0 0 0 0 0 0 0 0 0 0 0
36 Master Note With NACI 0 0 0 0 0 0 0 0 0 0 0 0 0 0
37 Master Note With Aircraft Holdings 0 0 0 0 0 0 0 0 0 0 0 0 0 0
38 Fundings to WCC 0 0 0 0 0 0 0 0 0 0 0 0 0 0
39 Cash transfer from Co. 1 dda 0 0 0 0 0 0 0 0 0 0 0 0 0 0
40 Tax Receipts 0 0 0 0 0 0 0 0 0 0 0 0 0 20,543
41 Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 (170,116)
42 Intercompany Settlements 0 247 0 0 0 0 (710) 0 5,265 0 0 0 (40,464) (36,909)
43 All Other 27,763 (24,588) 5,000 0 0 13,865 (451) (44,402) 2,867 0 0 0 (8,029) 58,381
44 Subtotal 27,763 (24,341) 5,000 0 0 13,865 (1,161) (44,402) 8,132 0 0 0 (48,493) (128,103)
45 Financing Activities
46 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0 0 0 0 0 0 0 0
47 Stock Buyback 0 0 0 0 0 0 0 0 0 0 0 0 0 0
48 Subtotal 0 0 0 0 0 0 0 0 0 0 0 0 0 0
49
50 Beginning Co2 Cash 2,848,730 2,876,493 2,598,944 2,603,944 2,603,944 2,603,944 2,607,809 2,600,686 2,556,284 2,564,416 2,564,416 2,564,416 2,564,416 3,004,367
51 Net Increase/(Decrease) in Cash 27,763 (277,549) 5,000 0 0 3,865 (7,123) (44,402) 8,132 0 0 0 (48,493) (488,444)
52 Ending Co2 Cash 2,876,493 2,598,944 2,603,944 2,603,944 2,603,944 2,607,809 2,600,686 2,556,284 2,564,416 2,564,416 2,564,416 2,564,416 2,515,923 2,515,923
53
54 Beginning COl Cash 0 0 0 0 0 0 0 0 0 0 0 0 0 0
55 Net Increase/(Decrease) in Cash 0 0 0 0 0 0 0 0 0 0 0 0 0 0
56 Ending Col Cash 0 0 0 0 0 0 0 0 0 0 0 0 0 0
57
58 Ending Total Cash 2,876,493 2,598,944 2,603,944 2,603,944 2,603,944 2,607,809 2,600,686 2,556,284 2,564,416 2,564,416 2,564,416 2,564,416 2,515,923 2,515,923
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Washington Mutual Inc. Daily Cash Flow Projection
A T U V W X
1 3/19/2008 3/20/2008 3/21/2008 3/22/2008 3/23/2008
2 Wed Thurs Fri Sat Sun
3 Common Dividends
4 NACI 0 0 0 0 0
5 WMB 0 0 0 0 0
6 WMBfsb 0 0 0 0 0
7 WMI Common Stockholders 0 0 0 0 0
8 Series K Preferred Stock Purchase / Dividends 0 0 0 0 0
9 Series R Preferred Stock Purchase I Dividends 0 0 0 0 0
10
11 Debt Service (P & I) Payments
12 Senior $750 MM@7.5% due 8-15-06 0 0 0 0 0
13 Senior $250MM@7.5%due8-15-06 0 0 0 0 0
14 Senior $1.000MM@5.625%duel-15-07 0 0 0 0 0
15 BU $220MM Sub@8.875%due5107 0 0 0 0 0
16 Senior $750MM@4.375%due 1-15-08 0 0 0 0 0
17 Senior $250MM@3mL+0.15%due3-22-08 0 (253.208) 0 0 0
18 Senior $lbn@4.0%due 1-15-09 0 0 0 0 0
19 Senior $600mm@4.2%duel-15-10 0 0 0 0 0
20 Senior $250mm@3mL+O.30%duel-15-10 0 0 0 0 0
21 Sub $500MM@8.25%due4-1-10 0 0 0 0 0
22 Senior $350MM@3mL+0.30%due3-22-12 0 0 0 0 0
23 Senior $400MM@5% due 3-22-12 0 0 0 0 0
24 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0
25 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0
26 Senior $750MM@5.25%due9-15-17 0 0 0 0 0
27 Pref$150MM@8.36%dueI2-1-26 0 0 0 0 0
28 DME trust prfd $200mm @9.33% due 5-6-27 0 0 0 0 0
29 Pref$400MM@8.375%due6-1-27 0 0 0 0 0
30 Trust PIERS $J.l50MM@5.375%due5-1-41 0 0 0 0 0
31 Debt Issuance 0 0 0 0 0
32
33 Subtotal, Net Dividends 0 (253.208) 0 0 0
34 Other Operating Activities
35 Long Beach Mortgage 0 0 0 0 0
36 Master Note With NACI 0 0 0 0 0
37 Master Note With Aircraft Holdings 0 0 0 0 0
38 Fundings to WCC 0 0 0 0 0
39 Cash transfer from Co. 1 dda 0 0 0 0 0
40 Tax Receipts 0 0 0 0 0
41 Tax Payments 0 0 0 0 0
42 Intercompany Settlements 0 247 0 0 0
43 All 01l1er 27.763 (24.588) 5.000 0 0
44 Subtotal 27.763 (24.341) 5.000 0 0
45 Financing Activities
46 Commercial Paper Issued (Matured) 0 0 0 0 0
47 Stock Buyback 0 0 0 0 0
48 Subtotal 0 0 0 0 0
49
50 Beginning Co2 Cash 2,848,730 2,876,493 2,598,944 2,603,944 2,603,944
51 Net Increasel(Decrease) in Cash 27,763 (277,549) 5,000 0 0
52 Ending Co2 Cash 2,876,493 2,598,944 2,603,944 2,603,944 2,603,944
53
54 Beginning COl Cash 0 0 0 0 0
55 Net Increasel(Decrease) in Cash 0 0 0 0 0
56 Ending Col Cash 0 0 0 0 0
57
58 Ending Total Cash 2,876,493 2,598,944 2,603,944 2,603,944 2,603,944
Y Z AA AB AC
3/24/2008 3/25/2008 3/26/2008 3/27/2008 3/28/2008
Mon Tues Wed Thu Fri
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 (5.961) 0 0 0
(10.000) 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
(10.000) (5.961) 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 (710) 0 5.265 0
13.865 (451) (44.402) 2.867 0
13.865 (1.161) (44.402) 8.132 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
2,603,944 2,607,809 2,600,686 2,556,284 2,564,416
3,865 (7,123) (44,402) 8,132 0
2,607,809 2,600,686 2,556,284 2,564,416 2,564,416
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
2,607,809 2,600,686 2,556,284 2,564,416 2,564,416
AD AE AF
3/29/2008 3/30/2008 3/31/2008
Sat Sun Mon
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 (40.464)
0 0 (8.029)
0 0 (48.493)
0 0 0
0 0 0
0 0 0
2,564,416 2,564,416 2,564,416
0 0 (48,493)
2,564,416 2,564,416 2,515,923
0 0 0
0 0 0
0 0 0
2,564,416 2,564,416 2,515,923
AG
Mar 08 Total
0
0
0
0
(7.192)
(57.479)
0
0
0
0
0
(253.208)
0
0
0
0
(5.961)
(10.000)
(6.813)
0
(19.688)
0
0
0
0
0
(360.341)
0
0
0
0
0
20.543
(170.116)
(36.909)
58.381
(128.103)
0
0
0
3,004,367
(488,444)
2,515,923
0
0
0
2,515,923
(J)
...-
(J)
...-
o
o
o
o
~
~
I
Return
A B C 0 E F G H I J K L M N 0 P Q R S
1 4/1/2008 4/2/2008 4/3/2008 4/4/2008 4/5/2008 4/6/2008 4/7/2008 4/8/2008 4/9/2008 4/10/2008 4/11/2008 4/12/2008 4/13/2008 4/14/2008 4/15/2008 4/16/2008 4/17/2008 4/18/2008
2 Tues Wed Thurs Fri Sat Sun Mon Tues Wed Thurs Fri Sat Sun Mon Tues Wed Thurs Fri
3 Common Dividends
4 NACI 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
5 WMB 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
6 WMBfsb 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
7 WMI Common Stockholders 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
8 Series K Preferred Stock Purchase / Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
9 Series R Preferred Stock Purchase / Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
10
11 Debt Service (P & I) Payments
12 Senior $750MM @ 4.375% due 1-15-08 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13 Senior $250MM@3mL+0.15% due 3-22-08 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
14 Senior $lbn @ 4.0% due 1-15-09 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
15 Senior $600mm @ 4.2% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
16 Senior $250mm @ 3mL+0.30% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (2,483) 0 0 0
17 Sub $500MM @8.25% due 4-1-10 (18,775) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
18 Senior $350MM@3mL+0.30% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
21 Sub $500MM @4.625% due 4-1-14 (17,344) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
22 Senior $750MM@5.25% due 9-15-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
23 Pref$150MM @ 8.36% due 12-1-26 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
24 DME trust prfd $200mm @9.33% due 5-6-27 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
25 Pref$400MM @8.375% due 6-1-27 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
26 Trust PIERS $1,150MM@5.375% due 5-1-41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
27 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
28
29 Subtotal, Net Dividends (36,119) 0 0 0 0 0 0 0 0 0 0 0 0 0 (2,483) 0 0 0
30 Other Operating Activities
31 Long Beach Mortgage 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
32 Master Note With NACI 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
33 Master Note With Aircraft Holdings
34 TPG Investments 0 0 0 0 0 0 0 0 0 950,600 (950,600) 0 0 117,747 0 0 (117,747) 0
35 Cash transfer from Co. 1 dda 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
36 Tax Receipts 0 0 0 0 0 0 0 125,000 0 0 0 0 0 0 0 0 161,777 0
37 Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 (330) (24,453) (13) (6,459) 0
38 Intercompany Settlements 0 0 (10,000) 0 0 0 0 (5) 0 (7,611) 0 0 0 0 54 0 2,246 0
39 All Other 22,906 11,814 (29,253) (11,892) 0 0 (5,199) 22,077 (12,421) (11,923) 18,456 0 0 (13,269) (1,579) (10,312) (3,452) (22,732)
40 Subtotal 22,906 11,814 (39,253) (11,892) 0 0 (5,199) 147,071 (12,421) 931,066 (932,144) 0 0 104,149 (25,978) (10,325) 36,364 (22,732)
41 Financing Activities
42 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
43 Stock Buyback/Debt Repurchase 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
44 Subtotal 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
45
46 Beginning Co2 Cash 2,515,923 2,502,710 2,514,524 2,475,271 2,463,379 2,463,379 2,463,379 2,458,180 2,605,251 2,592,831 3,523,896 2,591,753 2,591,753 2,591,753 2,695,901 2,667,440 2,657,116 2,693,480
47 Net Increase/(Decrease) in Cash (13,213) 11,814 (39,253) (11,892) 0 0 (5,199) 147,071 (12,421) 931,066 (932,144) 0 0 104,149 (28,461) (10,325) 36,364 (22,732)
48 Ending Co2 Cash 2,502,710 2,514,524 2,475,271 2,463,379 2,463,379 2,463,379 2,458,180 2,605,251 2,592,831 3,523,896 2,591,753 2,591,753 2,591,753 2,695,901 2,667,440 2,657,116 2,693,480 2,670,748
49
50 Beginning 441-006409-4 Cash 0 0 0 0 0 0 0 0 0 0 0 1,030,006 1,030,006 1,030,006 4,812,782 5,069,355 5,083,108 5,209,498
51 Net Increase/(Decrease) in Cash 0 0 0 0 0 0 0 0 0 0 1,030,006 0 0 3,782,775 256,573 13,754 126,390 (2,999,548)
52 Ending 441-006409-4 Cash 0 0 0 0 0 0 0 0 0 0 1,030,006 1,030,006 1,030,006 4,812,782 5,069,355 5,083,108 5,209,498 2,209,950
53
54 Ending Total Cash 2,502,710 2,514,524 2,475,271 2,463,379 2,463,379 2,463,379 2,458,180 2,605,251 2,592,831 3,523,896 3,621,759 3,621,759 3,621,759 7,508,683 7,736,795 7,740,224 7,902,978 4,880,698
55
56
57 CP Outstanding 0 0 0 0 0 0 0 0 0 0 0 0 0 0 31 31 31 31
58
o
N
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o
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A B C D E F G H I J
1 4/1/2008 4/2/2008 4/3/2008 4/4/2008 4/5/2008 4/6/2008 4/7/2008 4/8/2008 4/9/2008
2 Tues Wed Thurs Fri Sat Sun Mon Tues Wed
3 Common Dividends
4 NACI 0 0 0 0 0 0 0 0 0
5 WMB 0 0 0 0 0 0 0 0 0
6 WMBfsb 0 0 0 0 0 0 0 0 0
7 WMI Common Stockholders 0 0 0 0 0 0 0 0 0
8 Series K Preferred Stock Purchase / Dividends 0 0 0 0 0 0 0 0 0
9 Series R Preferred Stock Purchase I Dividends 0 0 0 0 0 0 0 0 0
10
11 Debt Service (P & I) Payments
12 Senior $750MM@4.375%due 1-15-08 0 0 0 0 0 0 0 0 0
13 Senior $250MM@3mL+0.15%due3-22-08 0 0 0 0 0 0 0 0 0
14 Senior $lbn@4.0%due 1-15-09 0 0 0 0 0 0 0 0 0
15 Senior $600mm@4.2%duel-15-10 0 0 0 0 0 0 0 0 0
16 Senior $250mm@3mL+O.30%duel-15-10 0 0 0 0 0 0 0 0 0
17 Sub $500MM@8.25%due4-1-10 (18,775) 0 0 0 0 0 0 0 0
18 Senior $350MM@3mL+0.30%due3-22-12 0 0 0 0 0 0 0 0 0
19 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0 0 0 0
20 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0 0 0 0
21 Sub $500MM @4.625% due 4-1-14 (17,344) 0 0 0 0 0 0 0 0
22 Senior $750MM@5.25%due9-15-17 0 0 0 0 0 0 0 0 0
23 Pref$150MM@8.36%dueI2-1-26 0 0 0 0 0 0 0 0 0
24 DME trust prfd $200mm @9.33% due 5-6-27 0 0 0 0 0 0 0 0 0
25 Pref$400MM@8.375%due6-1-27 0 0 0 0 0 0 0 0 0
26 Trust PIERS $1,150MM@5.375%due5-1-41 0 0 0 0 0 0 0 0 0
27 0 0 0 0 0 0 0 0 0
28
29 Subtotal, Net Dividends (36,119) 0 0 0 0 0 0 0 0
30 Other Operating Activities
31 Long Beach Mortgage 0 0 0 0 0 0 0 0 0
32 Master Note With NACI 0 0 0 0 0 0 0 0 0
33 Master Note With Aircraft Holdings
34 TPG Investments 0 0 0 0 0 0 0 0 0
35 Cash transfer from Co. 1 dda 0 0 0 0 0 0 0 0 0
36 Tax Receipts 0 0 0 0 0 0 0 125,000 0
37 Tax Payments 0 0 0 0 0 0 0 0 0
38 Intercompany Settlements 0 0 (10,000) 0 0 0 0 (5) 0
39 All 01l1er 22,906 11,814 (29,253) (11,892) 0 0 (5,199) 22,077 (12,421)
40 Subtotal 22,906 11,814 (39,253) (11,892) 0 0 (5,199) 147,071 (12,421)
41 Financing Activities
42 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0 0 0
43 Stock Buyback/Debt Repurchase 0 0 0 0 0 0 0 0 0
44 Subtotal 0 0 0 0 0 0 0 0 0
45
46 Beginning Co2 Cash 2,515,923 2,502,710 2,514,524 2,475,271 2,463,379 2,463,379 2,463,379 2,458,180 2,605,251
47 Net Increasel(Decrease) in Cash (13,213) 11,814 (39,253) (11,892) 0 0 (5,199) 147,071 (12,421)
48 Ending Co2 Cash 2,502,710 2,514,524 2,475,271 2,463,379 2,463,379 2,463,379 2,458,180 2,605,251 2,592,831
49
50 Beginning 441-006409-4 Cash 0 0 0 0 0 0 0 0 0
51 Net Increasel(Decrease) in Cash 0 0 0 0 0 0 0 0 0
52 Ending 441-006409-4 Cash 0 0 0 0 0 0 0 0 0
53
54 Ending Total Cash 2,502,710 2,514,524 2,475,271 2,463,379 2,463,379 2,463,379 2,458,180 2,605,251 2,592,831
55
56
57 CP Outstanding 0 0 0 0 0 0 0 0 0
58
K L M N 0
4/10/2008 4/11/2008 4/12/2008 4/13/2008 4/14/2008
Thurs Fri Sat Sun Mon
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
950,600 (950,600) 0 0 117,747
0 0 0 0 0
0 0 0 0 0
0 0 0 0 (330)
(7,611) 0 0 0 0
(11,923) 18,456 0 0 (13,269)
931,066 (932,144) 0 0 104,149
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
2,592,831 3,523,896 2,591,753 2,591,753 2,591,753
931,066 (932,144) 0 0 104,149
3,523,896 2,591,753 2,591,753 2,591,753 2,695,901
0 0 1,030,006 1,030,006 1,030,006
0 1,030,006 0 0 3,782,775
0 1,030,006 1,030,006 1,030,006 4,812,782
3,523,896 3,621,759 3,621,759 3,621,759 7,508,683
0 0 0 0 0
P Q
4/15/2008 4/16/2008
Tues Wed
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
(2,483) 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
(2,483) 0
0 0
0 0
0 0
0 0
0 0
(24,453) (13)
54 0
(1,579) (10,312)
(25,978) (10,325)
0 0
0 0
0 0
2,695,901 2,667,440
(28,461) (10,325)
2,667,440 2,657,116
4,812,782 5,069,355
256,573 13,754
5,069,355 5,083,108
7,736,795 7,740,224
31 31
R
4/17/2008
Thurs
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(117,747)
0
161,777
(6,459)
2,246
(3,452)
36,364
0
0
0
2,657,116
36,364
2,693,480
5,083,108
126,390
5,209,498
7,902,978
31
S
4/18/2008
Fri
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(22,732)
(22,732)
0
0
0
2,693,480
(22,732)
2,670,748
5,209,498
(2,999,548)
2,209,950
4,880,698
31
o
C\I
(J)
...-
o
o
o
o
~
~
I
Return
A T U V W X Y Z AA AS AC AD AE AF
1 4/19/2008 4/20/2008 4/21/2008 4/22/2008 4/23/2008 4/24/2008 4/25/2008 4/26/2008 4/27/2008 4/28/2008 4/29/2008 4/30/2008 Apr 08 Total
2 Sat Sun Mon Tues Wed Thurs Fri Sat Sun Mon Tues Wed
3 Common Dividends
4 NACI 0 0 0 0 0 0 0 0 0 0 0 0 0
5 WMB 0 0 0 0 0 0 0 0 0 0 0 0 0
6 WMBfsb 0 0 0 0 0 0 0 0 0 0 0 0 0
7 WMI Common Stockholders 0 0 0 0 0 0 0 0 0 0 0 0 0
8 Series K Preferred Stock Purchase / Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0
9 Series R Preferred Stock Purchase / Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0
10
11 Debt Service (P & I) Payments
12 Senior $750MM @ 4.375% due 1-15-08 0 0 0 0 0 0 0 0 0 0 0 0 0
13 Senior $250MM@3mL+0.15% due 3-22-08 0 0 0 0 0 0 0 0 0 0 0 0 0
14 Senior $lbn @ 4.0% due 1-15-09 0 0 0 0 0 0 0 0 0 0 0 0 0
15 Senior $600mm @ 4.2% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0
16 Senior $250mm @ 3mL+0.30% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 (2,483)
17 Sub $500MM @8.25% due 4-1-10 0 0 0 0 0 0 0 0 0 0 0 0 (18,775)
18 Senior $350MM@3mL+0.30% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0
20 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0 0 0 0 0 0 0 0
21 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0 0 0 0 0 0 0 (17,344)
22 Senior $750MM@5.25% due 9-15-17 0 0 0 0 0 0 0 0 0 0 0 0 0
23 Pref$150MM @ 8.36% due 12-1-26 0 0 0 0 0 0 0 0 0 0 0 0 0
24 DME trust prfd $200mm @9.33% due 5-6-27 0 0 0 0 0 0 0 0 0 0 0 0 0
25 Pref$400MM @8.375% due 6-1-27 0 0 0 0 0 0 0 0 0 0 0 0 0
26 Trust PIERS $1,150MM@5.375% due 5-1-41 0 0 0 0 0 0 0 0 0 0 0 0 0
27 0 0 0 0 0 0 0 0 0 0 0 0 0
28
29 Subtotal, Net Dividends 0 0 0 0 0 0 0 0 0 0 0 0 (38,602)
30 Other Operating Activities
31 Long Beach Mortgage 0 0 0 0 0 0 0 0 0 0 0 0 0
32 Master Note With NACI 0 0 0 0 0 0 0 0 0 0 0 0 0
33 Master Note With Aircraft Holdings
34 TPG Investments 0 0 0 0 0 0 0 0 0 0 0 4,149,950 4,149,950
35 Cash transfer from Co. 1 dda 0 0 0 0 0 0 0 0 0 0 0 0 0
36 Tax Receipts 0 0 0 0 0 0 0 0 0 0 0 0 286,777
37 Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 (31,255)
38 Intercompany Settlements 0 0 (20,000) 0 0 (1,020) 0 0 0 (21,900) 20,000 15,134 (23,103)
39 All Other 0 0 6,785 644 5,026 (890) (450) 0 0 (15,923) (3,152) 6,128 (48,609)
40 Subtotal 0 0 (13,215) 644 5,026 (1,910) (450) 0 0 (37,823) 16,848 4,171,212 4,333,759
41 Financing Activities
42 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0 0 0 0 0 0 0
43 Stock Buyback/Debt Repurchase 0 0 0 0 0 0 (37,083) 0 0 (4,525) (12,672) 0 (54,280)
44 Subtotal 0 0 0 0 0 0 (37,083) 0 0 (4,525) (12,672) 0 (54,280)
45
46 Beginning Co2 Cash 2,670,748 2,670,748 2,670,748 2,657,533 2,658,177 2,663,203 2,661,293 2,623,760 2,623,760 2,623,760 2,581,412 2,585,589 2,515,923
47 Net Increase/(Decrease) in Cash 0 0 (13,215) 644 5,026 (1,910) (37,533) 0 0 (42,348) 4,176 4,171,212 4,240,877
48 Ending Co2 Cash 2,670,748 2,670,748 2,657,533 2,658,177 2,663,203 2,661,293 2,623,760 2,623,760 2,623,760 2,581,412 2,585,589 6,756,800 6,756,800
49
50 Beginning 441-006409-4 Cash 2,209,950 2,209,950 2,209,950 4,149,950 4,149,950 4,149,950 4,149,950 4,149,950 4,149,950 4,149,950 4,149,950 4,149,950 0
51 Net Increase/(Decrease) in Cash 0 0 1,940,000 0 0 0 0 0 0 0 0 (4,149,950) 0
52 Ending 441-006409-4 Cash 2,209,950 2,209,950 4,149,950 4,149,950 4,149,950 4,149,950 4,149,950 4,149,950 4,149,950 4,149,950 4,149,950 0 0
53
54 Ending Total Cash 4,880,698 4,880,698 6,807,483 6,808,127 6,813,153 6,811,243 6,773,710 6,773,710 6,773,710 6,731,362 6,735,539 6,756,800 6,756,800
55
56
57 CP Outstanding 31 31 31 31 31 31 31 31 31 31 31 35
58
~
N
0)
~
o
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~
~
~
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o
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ID.-
0:: I
A T U V W X
1 4/19/2008 4/20/2008 4/21/2008 4/22/2008 4/23/2008
2 Sat Sun Mon Tues Wed
3 Common Dividends
4 NACI 0 0 0 0 0
5 WMB 0 0 0 0 0
6 WMBfsb 0 0 0 0 0
7 WMI Common Stockholders 0 0 0 0 0
8 Series K Preferred Stock Purchase / Dividends 0 0 0 0 0
9 Series R Preferred Stock Purchase I Dividends 0 0 0 0 0
10
11 Debt Service (P & I) Payments
12 Senior $750MM@4.375%due 1-15-08 0 0 0 0 0
13 Senior $250MM@3mL+0.15%due3-22-08 0 0 0 0 0
14 Senior $lbn@4.0%due 1-15-09 0 0 0 0 0
15 Senior $600mm@4.2%duel-15-10 0 0 0 0 0
16 Senior $250mm@3mL+O.30%duel-15-10 0 0 0 0 0
17 Sub $500MM@8.25%due4-1-10 0 0 0 0 0
18 Senior $350MM@3mL+0.30%due3-22-12 0 0 0 0 0
19 Senior $400MM@5% due 3-22-12 0 0 0 0 0
20 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0
21 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0
22 Senior $750MM@5.25%due9-15-17 0 0 0 0 0
23 Pref$150MM@8.36%dueI2-1-26 0 0 0 0 0
24 DME trust prfd $200mm @9.33% due 5-6-27 0 0 0 0 0
25 Pref$400MM@8.375%due6-1-27 0 0 0 0 0
26 Trust PIERS $1,150MM@5.375%due5-1-41 0 0 0 0 0
27 0 0 0 0 0
28
29 Subtotal, Net Dividends 0 0 0 0 0
30 Other Operating Activities
31 Long Beach Mortgage 0 0 0 0 0
32 Master Note With NACI 0 0 0 0 0
33 Master Note With Aircraft Holdings
34 TPG Investments 0 0 0 0 0
35 Cash transfer from Co. 1 dda 0 0 0 0 0
36 Tax Receipts 0 0 0 0 0
37 Tax Payments 0 0 0 0 0
38 Intercompany Settlements 0 0 (20,000) 0 0
39 All 01l1er 0 0 6,785 644 5,026
40 Subtotal 0 0 (13,215) 644 5,026
41 Financing Activities
42 Commercial Paper Issued (Matured) 0 0 0 0 0
43 Stock Buyback/Debt Repurchase 0 0 0 0 0
44 Subtotal 0 0 0 0 0
45
46 Beginning Co2 Cash 2,670,748 2,670,748 2,670,748 2,657,533 2,658,177
47 Net Increasel(Decrease) in Cash 0 0 (13,215) 644 5,026
48 Ending Co2 Cash 2,670,748 2,670,748 2,657,533 2,658,177 2,663,203
49
50 Beginning 441-006409-4 Cash 2,209,950 2,209,950 2,209,950 4,149,950 4,149,950
51 Net Increasel(Decrease) in Cash 0 0 1,940,000 0 0
52 Ending 441-006409-4 Cash 2,209,950 2,209,950 4,149,950 4,149,950 4,149,950
53
54 Ending Total Cash 4,880,698 4,880,698 6,807,483 6,808,127 6,813,153
55
56
57 CP Outstanding 31 31 31 31 31
58
Y Z AA AB AC
4/24/2008 4/25/2008 4/26/2008 4/27/2008 4/28/2008
Thurs Fri Sat Sun Mon
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
(1,020) 0 0 0 (21,900)
(890) (450) 0 0 (15,923)
(1,910) (450) 0 0 (37,823)
0 0 0 0 0
0 (37,083) 0 0 (4,525)
0 (37,083) 0 0 (4,525)
2,663,203 2,661,293 2,623,760 2,623,760 2,623,760
(1,910) (37,533) 0 0 (42,348)
2,661,293 2,623,760 2,623,760 2,623,760 2,581,412
4,149,950 4,149,950 4,149,950 4,149,950 4,149,950
0 0 0 0 0
4,149,950 4,149,950 4,149,950 4,149,950 4,149,950
6,811,243 6,773,710 6,773,710 6,773,710 6,731,362
31 31 31 31 31
AD AE
4/29/2008 4/30/2008
Tues Wed
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 4,149,950
0 0
0 0
0 0
20,000 15,134
(3,152) 6,128
16,848 4,171,212
0 0
(12,672) 0
(12,672) 0
2,581,412 2,585,589
4,176 4,171,212
2,585,589 6,756,800
4,149,950 4,149,950
0 (4,149,950)
4,149,950 0
6,735,539 6,756,800
31 35
AF
Allr08 Total
0
0
0
0
0
0
0
0
0
0
(2,483)
(18,775)
0
0
0
(17,344)
0
0
0
0
0
0
(38,602)
0
0
4,149,950
0
286,777
(31,255)
(23,103)
(48,609)
4,333,759
0
(54,280)
(54,280)
2,515,923
4,240,877
6,756,800
0
0
0
6,756,800
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A B C 0 E F G H I J K L M N 0 P Q R S
1 4/1/2008 4/2/2008 4/3/2008 4/4/2008 4/5/2008 4/6/2008 4/7/2008 4/8/2008 4/9/2008 4/10/2008 4/11/2008 4/12/2008 4/13/2008 4/14/2008 4/15/2008 4/16/2008 4/17/2008 4/18/2008
2 Tues Wed Thurs Fri Sat Sun Mon Tues Wed Thurs Fri Sat Sun Mon Tues Wed Thurs Fri
59 LBMC Outstanding #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF!
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A B C D E F G H I J
1 4/1/2008 4/2/2008 4/3/2008 4/4/2008 4/5/2008 4/6/2008 4/7/2008 4/8/2008 4/9/2008
2 Tues Wed Thurs Fri Sat Sun Mon Tues Wed
59 LBMC Outstandin2 #REFI #REFI #REFI #REFI #REFI #REFI #REFI #REFI #REFI
K L M N 0
4/10/2008 4/11/2008 4/12/2008 4/13/2008 4/14/2008
Thurs Fri Sat Sun Mon
#REFI #REFI #REFI #REFI #REF!
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4/15/2008 4/16/2008
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A T U V W X Y Z AA AS AC AD AE AF
1 4/19/2008 4/20/2008 4/21/2008 4/22/2008 4/23/2008 4/24/2008 4/25/2008 4/26/2008 4/27/2008 4/28/2008 4/29/2008 4/30/2008 Apr 08 Total
2 Sat Sun Mon Tues Wed Thurs Fri Sat Sun Mon Tues Wed
59 LBMC Outstanding #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF!
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1 4/19/2008 4/20/2008 4/21/2008 4/22/2008 4/23/2008 4/24/2008
2 Sat Sun Mon Tues Wed Thurs
59 LBMC Outstandin2 #REFI #REFI #REFI #REFI #REFI #REFI
Z AA AB AC
4/25/2008 4/26/2008 4/27/2008 4/28/2008
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4/29/2008 4/30/2008
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Cell: A50
Comment: Doreen Logan:
Bank account opened solely for the TPG/Olympic Group funds inflow
Cell: 551
Comment: Doreen Logan:
Capital Contribution to WMB and various receipts from Olympic Group (TPG )
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A B C D E F G H I J K L M N 0 P Q R S T
1 5/112008 5/2/2008 5/3/2008 5/4/2008 5/5/2008 5/6/2008 51712008 5/8/2008 5/9/2008 5/10/2008 5/1112008 5/12/2008 5/1312008 5/14/2008 5/15/2008 5/16/2008 5/17/2008 5/18/2008 5/19/2008
2 Thurs Fri Sat Sun Mon Tues Wed Thurs Fri Sat Sun Mon Tues Wed Thurs Fri Sat Sun Mon
3 Common Dividends
4 WMB 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
~
'Wl\.1I Common Stockholders 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
~
Series KPreferred
~
Series RPreferred
8 'Wl\.1I Common Stockholders 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (10,435) 0 0 0 0
9 Series S & T Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (6,465) 0 0 0 0
10
11 Debt Service (P & I) Payments
12 Senior $lbn@4.0%due 1-15-09 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13 Sub $SOOmm @5.54& due 8-24-09
14 Senior $600mm@4.2%due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
15 Senior $250mm@3mL+O.30%due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
16 Sub $SOOl\1l\.1@8.25%due4-1-1O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
17 Senior $350l\1l\.t[@3mL+O.30%due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
18 Senior $400l\1l\.1@5%due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Senior $SOOl\1l\.t[@3mL+'40%due9-17-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20 Sub $SOOl\1l\.1@4.625%due4-1-14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
21 Senior $750l\1l\.1@5.25%due9-15-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
22 Senior $500l\1l\.1@7.25%due 11-01-17 (18,125) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
23 Pref$150l\1l\.1@8.36%due 12-1-26 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
24 Trust PIERS $1,150l\1l\.1@5.375%due 5-1-41 (15,453) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
25
26 Subtotal, Net Dividends (33,578) 0 0 0 0 0 0 0 0 0 0 0 0 0 (16,900) 0 0 0 0
27 Other Operating Activities
28 Other holding company cash flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
29 Master Notes with Co. 467 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
30 Net Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
31 Loans to bank subsidiaries 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
32 Intercompany Settlements 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
33 Tax Receipts 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
34 Tax Payments (2,065) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
35 Intercompany Settlements (2,062) 0 0 0 0 0 0 (213) 0 0 0 0 0 (244) (2,075) 254 0 0 (6)
36 All Other 14,243 8,875 0 0 (10,487) (11,691) 510 (3,579) 4,166 0 0 11,851 1,980 (917) 45,734 (16,797) 0 0 (661)
37 Subtotal 10,115 8,875 0 0 (10,487) (11,691) 510 (3,792) 4,166 0 0 11,851 1,980 (1,161) 43,659 (16,543) 0 0 (667)
38 Financing Activities
39 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
40 Stock BuybacklDebt Repurchase (13,301) (9,329) 0 0 0 0 (4,706) (53,842) 0 0 0 0 (21,280) (11,225) (18,944) (13,157) 0 0 (13,852)
41 Subtotal (13,301) (9,329) 0 0 0 0 (4,706) (53,842) 0 0 0 0 (21,280) (11,225) (18,944) (13,157) 0 0 (13,852)
42
43 Beginning Co2 Cash 6,756,800 6,720,036 6,719,583 6,719,583 6,719,583 6,709,096 6,697,405 6,693,209 6,635,574 6,639,740 6,639,740 6,639,740 6,651,591 6,632,291 6,619,905 6,627,721 6,598,020 6,598,020 6,598,020
44 Net Increase/(Decrease) in Cash (36,764) (454) 0 0 (10,487) (11,691) (4,196) (57,635) 4,166 0 0 11,851 (19,300) (12,386) 7,816 (29,701) 0 0 (14,519)
40 Ending Co2 Cash 6,720,036 6,719,583 6,719,583 6,719,583 6,709,096 6,697,405 6,693,209 6,635,574 6,639,740 6,639,740 6,639,740 6,651,591 6,632,291 6,619,905 6,627,721 6,598,020 6,598,020 6,598,020 6,583,501
46
47 Beginning Col Cash 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
48 Net Increase/(Decrease) in Cash 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
4!,l Ending Col Cash 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
50
51 Ending Total Cash 6,720,036 6,719,583 6,719,583 6,719,583 6,709,096 6,697,405 6,693,209 6,635,574 6,639,740 6,639,740 6,639,740 6,651,591 6,632,291 6,619,905 6,627,721 6,598,020 6,598,020 6,598,020 6,583,501
52
53
54 CP Outstanding 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
55
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A B C D E F G H I
1 5/112008 5/2/2008 5/3/2008 5/4/2008 5/5/2008 5/6/2008 51712008 5/8/2008
2 Thurs Fri Sal Sun Mon Tues Wed Thurs
3 Common Dividends
4 WMB 0 0 0 0 0 0 0 0
~
'Wl\.1I Common Stockholders 0 0 0 0 0 0 0 0
~
Series KPreferred
r-J-
Series R Preferred
8 'Wl\.1I Common Stockholders 0 0 0 0 0 0 0 0
9 Series S & T Dividends 0 0 0 0 0 0 0 0
10
11 Debt Service (P & I) Payments
12 Senior $lbn@4.0%due 1-15-09 0 0 0 0 0 0 0 0
13 Sub $500mm @5.54& due 8-24-09
14 Senior $600mm@4.2%due 1-15-10 0 0 0 0 0 0 0 0
15 Senior $250mm@3mL+O.30%due 1-15-10 0 0 0 0 0 0 0 0
16 Sub $500l\1l\.t[@8.25%due4-1-1O 0 0 0 0 0 0 0 0
17 Senior $350l\1l\.t[@3mL+O.30%due 3-22-12 0 0 0 0 0 0 0 0
18 Senior $400l\1l\.t[@5%due 3-22-12 0 0 0 0 0 0 0 0
19 Senior $SOOl\1l\.t[@3mL+.40%due9-17-12 0 0 0 0 0 0 0 0
20 Sub $500l\1l\.t[@4.625%due4-1-14 0 0 0 0 0 0 0 0
21 Senior $750l\1l\.t[@5.25%due9-15-17 0 0 0 0 0 0 0 0
22 Senior $500l\1l\.1@7.25%due 11-01-17 (18,125) 0 0 0 0 0 0 0
23 Pref$150l\1l\.t[@8.36%due 12-1-26 0 0 0 0 0 0 0 0
24 Trust PIERS $1,150l\1l\.1@5.375%due 5-1-41 (15,453) 0 0 0 0 0 0 0
25
26 Subtotal, Net Dividends (33,578) 0 0 0 0 0 0 0
27 Other Operating Activities
28 Other holding company cash flow 0 0 0 0 0 0 0 0
29 Master Notes with Co. 467 0 0 0 0 0 0 0 0
30 Net Tax Payments 0 0 0 0 0 0 0 0
31 Loans to bank subsidiaries 0 0 0 0 0 0 0 0
32 Intercompany Settlements 0 0 0 0 0 0 0 0
33 Tax Receipts 0 0 0 0 0 0 0 0
34 Tax Payments (2,065) 0 0 0 0 0 0 0
35 Intercompany Settlements (2,062) 0 0 0 0 0 0 (213)
36 All Other 14,243 8,875 0 0 (10,487) (11,691) 510 (3,579)
37 Subtotal 10,115 8,875 0 0 (10,487) (11,691) 510 (3,792)
38 Financing Activities
39 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0 0
40 Stock Buyback/Debt Repurchase (13,301) (9,329) 0 0 0 0 (4,706) (53,842)
41 Subtotal (13,301) (9,329) 0 0 0 0 (4,706) (53,842)
42
43 Beginning Co2 Cash 6,756,800 6,720,036 6,719,583 6,719,583 6,719,583 6,709,096 6,697,405 6,693,209
44 Net Increase/(Decrease) in Cash (36,764) (454) 0 0 (10,487) (11,691) (4,196) (57,635)
40 Ending Co2 Cash 6,720,036 6,719,583 6,719,583 6,719,583 6,709,096 6,697,405 6,693,209 6,635,574
46
47 Beginning Col Cash 0 0 0 0 0 0 0 0
48 Net Increase/(Decrease) in Cash 0 0 0 0 0 0 0 0
4!,l Ending Col Cash 0 0 0 0 0 0 0 0
50
51 Ending Total Cash 6,720,036 6,719,583 6,719,583 6,719,583 6,709,096 6,697,405 6,693,209 6,635,574
52
53
54 CP Outstanding 0 0 0 0 0 0 0 0
55
J K L M N 0
5/9/2008 5/10/2008 5/1112008 5/12/2008 5/1312008 5/14/2008
Fri Sal Sun Mon Tues Wed
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 (244)
4,166 0 0 11,851 1,980 (917)
4,166 0 0 11,851 1,980 (1,161)
0 0 0 0 0 0
0 0 0 0 (21,280) (11,225)
0 0 0 0 (21,280) (11,225)
6,635,574 6,639,740 6,639,740 6,639,740 6,651,591 6,632,291
4,166 0 0 11,851 (19,300) (12,386)
6,639,740 6,639,740 6,639,740 6,651,591 6,632,291 6,619,905
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
6,639,740 6,639,740 6,639,740 6,651,591 6,632,291 6,619,905
0 0 0 0 0 0
P Q R
5/15/2008 5/16/2008 5/17/2008
Thurs Fri Sal
0 0 0
0 0 0
(10,435) 0 0
(6,465) 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
(16,900) 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
(2,075) 254 0
45,734 (16,797) 0
43,659 (16,543) 0
0 0 0
(18,944) (13,157) 0
(18,944) (13,157) 0
6,619,905 6,627,721 6,598,020
7,816 (29,701) 0
6,627,721 6,598,020 6,598,020
0 0 0
0 0 0
0 0 0
6,627,721 6,598,020 6,598,020
0 0 0
S T
5/18/2008 5/19/2008
Sun Mon
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 (6)
0 (661)
0 (667)
0 0
0 (13,852)
0 (13,852)
6,598,020 6,598,020
0 (14,519)
6,598,020 6,583,501
0 0
0 0
0 0
6,598,020 6,583,501
0 0
>-
c
o
c
o
:;:::::;
CO
E
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;,;::::::
C
o
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0....
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......
. :
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......
o
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~ . Q
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00
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D:::I
Return
A U v W x
y
Z AA AS AC AD AE AF AG
1 5/20/2008 5/2112008 5/22/2008 5/23/2008 5/24/2008 5/25/2008 5/26/2008 5/27/2008 5/28/2008 5/29/2008 5/30/2008 5/3112008 May 08 Total
2 Tues Wed Thurs Fri Sat Sun Mon Tne Wed Thurs Fri Sat
3 Common Dividends
4 WMB 0 0 0 0 0 0 0 0 0 0 0 0 0
~
'Wl\.1I Common Stockholders 0 0 0 0 0 0 0 0 0 0 0 0 0
~
Series KPreferred 0
~
Series RPreferred 0
8 'Wl\.1I Common Stockholders 0 0 0 0 0 0 0 0 0 0 0 0 (10,435)
9 Series S & T Dividends 0 0 0 0 0 0 0 0 0 0 0 0 (6,465)
10
11 Debt Service (P & I) Payments
12 Senior $lbn@4.0%due 1-15-09 0 0 0 0 0 0 0 0 0 0 0 0 0
13 Sub $SOOmm @5.54& due 8-24-09 (3,457)
14 Senior $600mm@4.2%due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0
15 Senior $250mm@3mL+O.30%due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0
16 Sub $SOOl\1l\.1@8.25%due4-1-1O 0 0 0 0 0 0 0 0 0 0 0 0 0
17 Senior $350l\1l\.t[@3mL+O.30%due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0
18 Senior $400l\1l\.1@5%due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Senior $SOOl\1l\.t[@3mL+'40%due9-17-12 0 0 0 0 0 0 0 0 0 0 0 0 0
20 Sub $SOOl\1l\.1@4.625%due4-1-14 0 0 0 0 0 0 0 0 0 0 0 0 0
21 Senior $750l\1l\.1@5.25%due9-15-17 0 0 0 0 0 0 0 0 0 0 0 0 0
22 Senior $500l\1l\.1@7.25%due 11-01-17 0 0 0 0 0 0 0 0 0 0 0 0 (18,125)
23 Pref$150l\1l\.1@8.36%due 12-1-26 0 0 0 0 0 0 0 0 0 0 0 0 0
24 Trust PIERS $1,150l\1l\.1@5.375%due 5-1-41 0 0 0 0 0 0 0 0 0 0 0 0 (15,453)
25
26 Subtotal, Net Dividends 0 0 0 0 0 0 0 (3,457) 0 0 0 0 (53,935)
27 Other Operating Activities
28 Other holding company cash flow 0 0 0 0 0 0 0 0 0 0 0 0 0
29 Master Notes with Co. 467 0 0 0 0 0 0 0 0 0 0 0 0 0
30 Net Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0
31 Loans to bank subsidiaries 0 0 0 0 0 0 0 0 0 0 0 0 0
32 Intercompany Settlements 0 0 0 0 0 0 0 0 0 0 0 0 0
33 Tax Receipts 0 0 0 0 0 0 0 0 0 0 0 0 0
34 Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 (2,065)
35 Intercompany Settlements (40,000) 0 (4,911) (469) 0 0 0 1 0 0 (120,815) 0 (170,540)
36 All Other 1,773 2,000 4,822 (6,108) 0 0 0 (704) 5,459 (8,294) (91,664) 0 (49,487)
37 Subtotal (38,227) 2,000 (88) (6,576) 0 0 0 (703) 5,459 (8,294) (212,479) 0 (222,092)
38 Financing Activities
39 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0 0 0 0 0 0 0
40 Stock BuybacklDebt Repurchase (31,615) 0 0 0 0 0 0 (37,975) (18,805) 0 (98,726) 0 (346,759)
41 Subtotal (31,615) 0 0 0 0 0 0 (37,975) (18,805) 0 (98,726) 0 (346,759)
42
43 Beginning Co2 Cash 6,583,501 6,513,659 6,515,659 6,515,571 6,508,995 6,508,995 6,508,995 6,508,995 6,466,860 6,453,514 6,445,220 6,134,014 6,756,800
44 Net Increase/(Decrease) in Cash (69,842) 2,000 (88) (6,576) 0 0 0 (42,135) (13,346) (8,294) (311,205) 0 (622,786)
40 Ending Co2 Cash 6,513,659 6,515,659 6,515,571 6,508,995 6,508,995 6,508,995 6,508,995 6,466,860 6,453,514 6,445,220 6,134,014 6,134,014 6,134,014
46
47 Beginning Col Cash 0 0 0 0 0 0 0 0 0 0 0 0
48 Net Increase/(Decrease) in Cash 0 0 0 0 0 0 0 0 0 0 0 0 0
4!,l Ending Col Cash 0 0 0 0 0 0 0 0 0 0 0 0 0
50
51 Ending Total Cash 6,513,659 6,515,659 6,515,571 6,508,995 6,508,995 6,508,995 6,508,995 6,466,860 6,453,514 6,445,220 6,134,014 6,134,014 6,134,014
52
53
54 CP Outstanding 0 0 0 0 0 0 0 0 0 0 0 0
55
<0
N
0)
.....
o
o
o
o
I
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~
>.
c
o
c
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:.;:::;
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C
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.:
C
o
:';:::;c
(,)0
Q):.;:::;
Cro
CE
0l...
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LLt.;::
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D:::I
A U v W x
y
1 5/20/2008 5/2112008 5/22/2008 5/23/2008 5/24/2008
2 Tues Wed Thurs Fri Sal
3 Common Dividends
4 WMB 0 0 0 0 0
~
'Wl\.1I Common Stockholders 0 0 0 0 0
~
Series KPreferred
r-J-
Series R Preferred
8 'Wl\.1I Common Stockholders 0 0 0 0 0
9 Series S & T Dividends 0 0 0 0 0
10
11 Debt Service (P & I) Payments
12 Senior $lbn@4.0%due 1-15-09 0 0 0 0 0
13 Sub $500mm @5.54& due 8-24-09
14 Senior $600mm@4.2%due 1-15-10 0 0 0 0 0
15 Senior $250mm@3mL+O.30%due 1-15-10 0 0 0 0 0
16 Sub $500l\1l\.t[@8.25%due4-1-1O 0 0 0 0 0
17 Senior $350l\1l\.t[@3mL+O.30%due 3-22-12 0 0 0 0 0
18 Senior $400l\1l\.t[@5%due 3-22-12 0 0 0 0 0
19 Senior $SOOl\1l\.t[@3mL+.40%due9-17-12 0 0 0 0 0
20 Sub $500l\1l\.t[@4.625%due4-1-14 0 0 0 0 0
21 Senior $750l\1l\.t[@5.25%due9-15-17 0 0 0 0 0
22 Senior $500l\1l\.1@7.25%due 11-01-17 0 0 0 0 0
23 Pref$150l\1l\.t[@8.36%due 12-1-26 0 0 0 0 0
24 Trust PIERS $1,150l\1l\.1@5.375%due 5-1-41 0 0 0 0 0
25
26 Subtotal, Net Dividends 0 0 0 0 0
27 Other Operating Activities
28 Other holding company cash flow 0 0 0 0 0
29 Master Notes with Co. 467 0 0 0 0 0
30 Net Tax Payments 0 0 0 0 0
31 Loans to bank subsidiaries 0 0 0 0 0
32 Intercompany Settlements 0 0 0 0 0
33 Tax Receipts 0 0 0 0 0
34 Tax Payments 0 0 0 0 0
35 Intercompany Settlements (40,000) 0 (4,911) (469) 0
36 All Other 1,773 2,000 4,822 (6,108) 0
37 Subtotal (38,227) 2,000 (88) (6,576) 0
38 Financing Activities
39 Commercial Paper Issued (Matured) 0 0 0 0 0
40 Stock Buyback/Debt Repurchase (31,615) 0 0 0 0
41 Subtotal (31,615) 0 0 0 0
42
43 Beginning Co2 Cash 6,583,501 6,513,659 6,515,659 6,515,571 6,508,995
44 Net Increase/(Decrease) in Cash (69,842) 2,000 (88) (6,576) 0
40 Ending Co2 Cash 6,513,659 6,515,659 6,515,571 6,508,995 6,508,995
46
47 Beginning Col Cash 0 0 0 0 0
48 Net Increase/(Decrease) in Cash 0 0 0 0 0
4!,l Ending Col Cash 0 0 0 0 0
50
51 Ending Total Cash 6,513,659 6,515,659 6,515,571 6,508,995 6,508,995
52
53
54 CP Outstanding 0 0 0 0 0
55
Z AA AS AC
5/25/2008 5/26/2008 5/27/2008 5/28/2008
Sun Mon Tue Wed
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
(3,457)
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 (3,457) 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 1 0
0 0 (704) 5,459
0 0 (703) 5,459
0 0 0 0
0 0 (37,975) (18,805)
0 0 (37,975) (18,805)
6,508,995 6,508,995 6,508,995 6,466,860
0 0 (42,135) (13,346)
6,508,995 6,508,995 6,466,860 6,453,514
0 0 0 0
0 0 0 0
0 0 0 0
6,508,995 6,508,995 6,466,860 6,453,514
0 0 0 0
AD AE AF
5/29/2008 5/30/2008 5/3112008
Thurs Fri Sal
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 (120,815) 0
(8,294) (91,664) 0
(8,294) (212,479) 0
0 0 0
0 (98,726) 0
0 (98,726) 0
6,453,514 6,445,220 6,134,014
(8,294) (311,205) 0
6,445,220 6,134,014 6,134,014
0 0
0 0 0
0 0 0
6,445,220 6,134,014 6,134,014
0 0 0
AG
May 08 Total
0
0
0
0
(10,435)
(6,465)
0
0
0
0
0
0
0
0
0
(18,125)
0
(15,453)
(53,935)
0
0
0
0
0
0
(2,065)
(170,540)
(49,487)
(222,092)
0
(346,759)
(346,759)
6,756,800
(622,786)
6,134,014
0
0
0
6,134,014
>-
c
o
c
o
:;:::::;
CO
E
!....
;,;::::::
C
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c
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0....
..c
......
. :
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......
o
o
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~ . Q
C ......
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0-0
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D:::I
Return
Washington Mutual Inc. Cash Forecast
A B C 0 E F G H I J K L M N 0 P Q
1 6/1/2008 6/2/2008 6/3/2008 6/4/2008 6/5/2008 6/6/2008 6/7/2008 6/8/2008 6/9/2008 6/10/2008 6/11/2008 6/12/2008 6/13/2008 6/14/2008 6/15/2008 6/16/2008
2 Sun Mon Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat Sun Mon
3 Common Dividends
4 WMB 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
5 WMI Common Stockholders 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
6 Series KPreferred (5,056)
7 Series RPreferred (59,417)
8 Series S & T Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn @ 4.0% due 1-15-09 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
12 Senior $600mm @ 4.2% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13 Senior $250mm @ 3mL+0.30% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
14 Sub $500MM @8.25% due 4-1-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
15 Senior $350MM@3mL+0.30% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
16 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
17 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
18 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Senior $750MM@5.25% due 9-15-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
21 Pref$150MM @ 8.36% due 12-1-26 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
22 Trust PIERS $1,150MM@5.375% due 5-1-41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
23
24 Subtotal, Net Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (64,472)
25 Other Operating Activities
26 Other holding company cash flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
27 Master Notes with Co. 467 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
28 Net Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
29 Loans to bank subsidiaries 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
30 Intercompany Settlements 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
31 Tax Receipts 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 328,707
32 Tax Payments 0 0 0 0 0 0 0 0 0 (220) 0 0 0 0 0 (227,943)
33 Intercompany Settlements 0 0 0 0 0 0 0 0 (4) 1 0 4,967 0 0 0 319
34 All Other 0 (101,649) 1,308 1,995 0 200 0 0 (1,570) 2,369 (1,444) (6,196) 3,760 0 0 (11,194)
35 Subtotal 0 (101,649) 1,308 1,995 0 200 0 0 (1,574) 2,150 (1,444) (1,229) 3,760 0 0 89,888
36 Financing Activities
37 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
38 Stock Buyback/Debt Repurchase (22,795) (3,838) (33,250)
39 Subtotal 0 (22,795) (3,838) (33,250) 0 0 0 0 0 0 0 0 0 0 0 0
40
41 Beginning Co2 Cash 6,134,014 6,134,014 6,009,570 6,007,040 5,975,784 5,975,784 5,975,984 5,975,984 5,975,984 5,974,410 5,976,560 5,975,116 5,973,887 5,977,647 5,977,647 5,977,647
42 Net Increase/(Decrease) in Cash 0 (124,444) (2,530) (31,256) 0 200 0 0 (1,574) 2,150 (1,444) (1,229) 3,760 0 0 25,416
43 Ending Co2 Cash 6,134,014 6,009,570 6,007,040 5,975,784 5,975,784 5,975,984 5,975,984 5,975,984 5,974,410 5,976,560 5,975,116 5,973,887 5,977,647 5,977,647 5,977,647 6,003,063
44
45 CP Outstanding 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
46
47
48
49
50
51
52
53
54
55
l"-
N
0)
~
o
o
o
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I
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0:: I
Washington Mutual Inc. Cash Forecast
A B C D E F G H
1 6/1/2008 6/2/2008 6/3/2008 6/4/2008 6/5/2008 6/6/2008 6/7/2008
2 Sun Mon Tue Wed TIm Fri Sat
3 Common Dividends
4 WMB 0 0 0 0 0 0 0
.4-
WMI Common Stockholders 0 0 0 0 0 0 0
~
Series K Preferred
-I.-
Series R Preferred
8 Series S & T Dividends 0 0 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn@4.0%due 1-15-09 0 0 0 0 0 0 0
12 Senior $600mm@4.2%duel-15-10 0 0 0 0 0 0 0
13 Senior $250mm@3mL+O.30%duel-15-10 0 0 0 0 0 0 0
14 Sub $500MM@8.25%due4-1-10 0 0 0 0 0 0 0
15 Senior $350MM@3mL+0.30%due3-22-12 0 0 0 0 0 0 0
16 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0 0
17 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0 0
18 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0 0
19 Senior $750MM@5.25%due9-15-17 0 0 0 0 0 0 0
20 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0 0 0
21 Pref$150MM@8.36%dueI2-1-26 0 0 0 0 0 0 0
22 Trust PIERS $J.l50MM@5.375%due5-1-41 0 0 0 0 0 0 0
23
24 Subtotal, Net Dividends 0 0 0 0 0 0 0
25 Other Operating Activities
26 Other holding oompany cash flow 0 0 0 0 0 0 0
27 Master Notes with Co. 467 0 0 0 0 0 0 0
28 Net Tax Payments 0 0 0 0 0 0 0
29 Loans to bank subsidiaries 0 0 0 0 0 0 0
30 Intercompany Settlements 0 0 0 0 0 0 0
31 Tax Receipts 0 0 0 0 0 0 0
32 Tax Payments 0 0 0 0 0 0 0
33 Intercompany Settlements 0 0 0 0 0 0 0
34 All 01l1er 0 (101.649) 1.308 1.995 0 200 0
35 Subtotal 0 (101.649) 1.308 1.995 0 200 0
36 Financing Activities
37 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0
38 Stock Buyback/Debt Repurchase (22.795) (3.838) (33.250)
39 Subtotal 0 (22.795) (3.838) (33.250) 0 0 0
40
41 Beginning Co2 Cash 6.134.014 6.134.014 6.009.570 6.007.040 5.975.784 5.975.784 5.975.984
42 Net Increasel(Decrease) in Cash 0 (124.444) (2.530) (31.256) 0 200 0
43 Ending Co2 Cash 6,134,014 6,009,570 6,007,040 5,975,784 5,975,784 5,975,984 5,975,984
44
45 CP Outstanding 0 0 0 0 0 0 0
46
47
48
49
50
51
52
53
54
55
I J K L M
6/8/2008 6/9/2008 6/10/2008 6/11/2008 6/12/2008
Sun Mon Tue Wed TIm
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 (220) 0 0
0 (4) 1 0 4.967
0 (1.570) 2.369 (1.444) (6.196)
0 (1.574) 2.150 (1.444) (1.229)
0 0 0 0 0
0 0 0 0 0
5.975.984 5.975.984 5.974.410 5.976.560 5.975.116
0 (1.574) 2.150 (1.444) (1.229)
5,975,984 5,974,410 5,976,560 5,975,116 5,973,887
0 0 0 0 0
N 0 P
6/13/2008 6/14/2008 6/15/2008
Fri Sat Sun
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
3.760 0 0
3.760 0 0
0 0 0
0 0 0
5.973.887 5.977.647 5.977.647
3.760 0 0
5,977,647 5,977,647 5,977,647
0 0 0
Q
6/16/2008
Mon
0
0
(5.056)
(59.417)
0
0
0
0
0
0
0
0
0
0
0
0
0
(64.472)
0
0
0
0
0
328.707
(227.943)
319
(11.194)
89.888
0
0
5.977.647
25.416
6,003,063
0
I'--
C\I
(J)
...-
o
o
o
o
~
~
I
Return
Washington Mutual Inc. Cash Forecast
A R S T U V W X Y Z AA AS AC AD AE AF
1 6/17/2008 6/18/2008 6/19/2008 6/20/2008 6/21/2008 6/22/2008 6/23/2008 6/24/2008 6/25/2008 6/26/2008 6/27/2008 6/28/2008 6/29/2008 6/30/2008 Jun 08 Total
2 Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat Sun Mon
3 Common Dividends
4 WMB 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
5 WMI Common Stockholders 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
6 Series KPreferred (5,056)
7 Series RPreferred 0 0 0 0 0 0 0 0 0 0 0 (59,417)
8 Series S & T Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
9 0
10 Debt Service (P & I) Payments 0
11 Senior $lbn @ 4.0% due 1-15-09 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
12 Senior $600mm @ 4.2% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13 Senior $250mm @ 3mL+0.30% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
14 Sub $500MM @8.25% due 4-1-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
15 Senior $350MM@3mL+0.30% due 3-22-12 0 0 0 0 0 0 (2,633) 0 0 0 0 0 0 0 (2,633)
16 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
17 Senior $500MM@3mL+.40% due 9-17-12 (3,654) 0 0 0 0 0 0 0 0 0 0 0 0 0 (3,654)
18 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Senior $750MM@5.25% due 9-15-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
21 Pref$150MM @ 8.36% due 12-1-26 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
22 Trust PIERS $1,150MM@5.375% due 5-1-41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
23
24 Subtotal, Net Dividends (3,654) 0 0 0 0 0 (2,633) 0 0 0 0 0 0 0 (70,760)
25 Other Operating Activities
26 Other holding company cash flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
27 Master Notes with Co. 467 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
28 Net Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
29 Loans to bank subsidiaries 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
30 Intercompany Settlements 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
31 Tax Receipts 0 0 0 0 0 0 0 0 0 0 0 0 0 0 328,707
32 Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 (19) (228,182)
33 Intercompany Settlements 0 0 (1,477) 0 0 0 0 (929) (11) (2,073) 0 0 0 (33,079) (32,286)
34 All Other (4,050) 5,260 2,091 4,399 0 0 (1,510) 1,430 (2,650) 2,558 (90) 0 0 1,500 (103,484)
35 Subtotal (4,050) 5,260 613 4,399 0 0 (1,510) 501 (2,661) 485 (90) 0 0 (31,598) (35,245)
36 Financing Activities
37 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
38 Stock Buyback/Debt Repurchase (59,883)
39 Subtotal 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (59,883)
40
41 Beginning Co2 Cash 6,003,063 5,995,359 6,000,619 6,001,233 6,005,632 6,005,632 6,005,632 6,001,489 6,001,990 5,999,329 5,999,814 5,999,724 5,999,724 5,999,724 6,134,014
42 Net Increase/(Decrease) in Cash (7,704) 5,260 613 4,399 0 0 (4,143) 501 (2,661) 485 (90) 0 0 (31,598) (165,888)
43 Ending Co2 Cash 5,995,359 6,000,619 6,001,233 6,005,632 6,005,632 6,005,632 6,001,489 6,001,990 5,999,329 5,999,814 5,999,724 5,999,724 5,999,724 5,968,126 5,968,126
44
45 CP Outstanding 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
46
47
48
49
50
51
52
53
54
55
00
N
0)
~
o
o
o
o
I
~
~
~
C
o
C
o
:;::;
eo
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i+=
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o
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C
eo
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.,C
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.
C
o
:;::;C
Uo
ID:;::;
Ceo
CE
Os....
U ~
~ C
IDeo
en.-
::::>C
s....ID
0-0
LLi+=
C
-00
2u
.S:2 ~
s...._
+-'.,C
enOl
ID.-
0:: I
Washington Mutual Inc. Cash Forecast
A R S T U V
1 6/17/2008 6/18/2008 6/19/2008 6/20/2008 6/21/2008
2 Tue Wed TIm Fri Sat
3 Common Dividends
4 WMB 0 0 0 0 0
.4-
WMI Common Stockholders 0 0 0 0 0
~
Series K Preferred
-I.-
Series R Preferred 0 0
8 Series S & T Dividends 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn@4.0%due 1-15-09 0 0 0 0 0
12 Senior $600mm@4.2%duel-15-10 0 0 0 0 0
13 Senior $250mm@3mL+O.30%duel-15-10 0 0 0 0 0
14 Sub $500MM@8.25%due4-1-10 0 0 0 0 0
15 Senior $350MM@3mL+0.30%due3-22-12 0 0 0 0 0
16 Senior $400MM@5% due 3-22-12 0 0 0 0 0
17 Senior $500MM@3mL+.40% due 9-17-12 (3.654) 0 0 0 0
18 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0
19 Senior $750MM@5.25%due9-15-17 0 0 0 0 0
20 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0
21 Pref$150MM@8.36%dueI2-1-26 0 0 0 0 0
22 Trust PIERS $J.l50MM@5.375%due5-1-41 0 0 0 0 0
23
24 Subtotal, Net Dividends (3.654) 0 0 0 0
25 Other Operating Activities
26 Other holding oompany cash flow 0 0 0 0 0
27 Master Notes with Co. 467 0 0 0 0 0
28 Net Tax Payments 0 0 0 0 0
29 Loans to bank subsidiaries 0 0 0 0 0
30 Intercompany Settlements 0 0 0 0 0
31 Tax Receipts 0 0 0 0 0
32 Tax Payments 0 0 0 0 0
33 Intercompany Settlements 0 0 (1.477) 0 0
34 All 01l1er (4.050) 5.260 2.091 4.399 0
35 Subtotal (4.050) 5.260 613 4.399 0
36 Financing Activities
37 Commercial Paper Issued (Matured) 0 0 0 0 0
38 Stock Buyback/Debt Repurchase
39 Subtotal 0 0 0 0 0
40
41 Beginning Co2 Cash 6.003.063 5.995.359 6.000.619 6.001.233 6.005.632
42 Net Increasel(Decrease) in Cash (7.704) 5.260 613 4.399 0
43 Ending Co2 Cash 5,995,359 6,000,619 6,001,233 6,005,632 6,005,632
44
45 CP Outstanding 0 0 0 0 0
46
47
48
49
50
51
52
53
54
55
W X Y Z AA
6/22/2008 6/23/2008 6/24/2008 6/25/2008 6/26/2008
Sun Mon Tue Wed TIm
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 (2.633) 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 (2.633) 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 (929) (11) (2.073)
0 (1.510) 1.430 (2.650) 2.558
0 (1.510) 501 (2.661) 485
0 0 0 0 0
0 0 0 0 0
6.005.632 6.005.632 6.001.489 6.001.990 5.999.329
0 (4.143) 501 (2.661) 485
6,005,632 6,001,489 6,001,990 5,999,329 5,999,814
0 0 0 0 0
AB AC AD
6/27/2008 6/28/2008 6/29/2008
Fri Sat Sun
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
(90) 0 0
(90) 0 0
0 0 0
0 0 0
5.999.814 5.999.724 5.999.724
(90) 0 0
5,999,724 5,999,724 5,999,724
0 0 0
AE
6/30/2008
Mon
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(19)
(33.079)
1.500
(31.598)
0
0
5.999.724
(31.598)
5,968,126
0
AF
Jun08 Total
0
0
(5.056)
(59.417)
0
0
0
0
0
0
0
(2.633)
0
(3.654)
0
0
0
0
0
(70.760)
0
0
0
0
0
328.707
(228.182)
(32.286)
(103.484)
(35.245)
0
(59.883)
(59.883)
6.134.014
(165.888)
5,968,126
0
00
C\I
(J)
...-
o
o
o
o
~
~
I
Return
Washington Mutual Inc. Cash Forecast
A B C 0 E F G H I J K L M N 0 P Q
1 7/1/2008 7/2/2008 7/3/2008 7/4/2008 7/5/2008 7/6/2008 7/7/2008 7/8/2008 7/9/2008 7/10/2008 7/11/2008 7/12/2008 7/13/2008 7/14/2008 7/15/2008 7/16/2008
2 Tues Wed Thu Fri Sat Sun Mon Tues Wed Thu Fri Sat Sun Mon Tues Wed
3 Common Dividends
4 WMB 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
5 WMI Common Stockholders 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
6 Series KPreferred
7 Series RPreferred
8 Series S & T Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn @ 4.0% due 1-15-09 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (16,103) 0
12 Senior $600mm @ 4.2% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (10,593) 0
13 Senior $250mm @ 3mL+0.30% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1,337) 0
14 Sub $500MM @8.25% due 4-1-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
15 Senior $350MM@3mL+0.30% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
16 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
17 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
18 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Senior $750MM@5.25% due 9-15-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
21 Pref$150MM @ 8.36% due 12-1-26 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
22 Trust PIERS $1,150MM@5.375% due 5-1-41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
23
24 Subtotal, Net Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (28,033) 0
25 Other Operating Activities
26 Other holding company cash flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
27 Master Notes with Co. 467 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
28 Net Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
29 Loans to bank subsidiaries 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
30 Intercompany Settlements 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
31 Tax Receipts 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
32 Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
33 Intercompany Settlements 0 0 (1,656) 0 0 0 (0) (4) 0 (2,683) 0 0 0 (406) 470 0
34 All Other (2,407) 2 (94) 0 0 0 11,847 (300) (360) 196 4,719 0 0 1,754 (1,935) 4,119
35 Subtotal (2,407) 2 (1,751) 0 0 0 11,847 (304) (360) (2,487) 4,719 0 0 1,348 (1,465) 4,119
36 Financing Activities
37 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
38 Stock Buyback/Debt Repurchase
39 Subtotal 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
40
41 Beginning Co2 Cash 5,968,126 5,965,719 5,965,721 5,963,970 5,963,970 5,963,970 5,963,970 5,975,817 5,975,513 5,975,153 5,972,666 5,977,385 5,977,385 5,977,385 5,978,733 5,949,236
42 Net Increase/(Decrease) in Cash (2,407) 2 (1,751) 0 0 0 11,847 (304) (360) (2,487) 4,719 0 0 1,348 (29,498) 4,119
43 Ending Co2 Cash 5,965,719 5,965,721 5,963,970 5,963,970 5,963,970 5,963,970 5,975,817 5,975,513 5,975,153 5,972,666 5,977,385 5,977,385 5,977,385 5,978,733 5,949,236 5,953,355
44
45 CP Outstanding 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
46
47
48
49
50
51
52
53
54
55
0)
N
0)
~
o
o
o
o
I
~
~
~
C
o
C
o
:;::;
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E
s....
i+=
C
o
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C
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+-'
.
C
o
:;::;C
Uo
ID:;::;
Ceo
CE
Os....
U ~
~ C
IDeo
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s....ID
0-0
LLi+=
C
-00
2u
.S:2 ~
s...._
+-'.,C
enOl
ID.-
0:: I
Washington Mutual Inc. Cash Forecast
A B C D E F G
1 7/1/2008 7/2/2008 7/3/2008 7/4/2008 7/5/2008 7/6/2008
2 Tues Wed TIm Fri Sat Sun
3 Common Dividends
4 WMB 0 0 0 0 0 0
.4-
WMI Common Stockholders 0 0 0 0 0 0
~
Series K Preferred
-I.-
Series R Preferred
8 Series S & T Dividends 0 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn@4.0%due 1-15-09 0 0 0 0 0 0
12 Senior $600mm@4.2%duel-15-10 0 0 0 0 0 0
13 Senior $250mm@3mL+O.30%duel-15-10 0 0 0 0 0 0
14 Sub $500MM@8.25%due4-1-10 0 0 0 0 0 0
15 Senior $350MM@3mL+0.30%due3-22-12 0 0 0 0 0 0
16 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0
17 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0
18 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0
19 Senior $750MM@5.25%due9-15-17 0 0 0 0 0 0
20 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0 0
21 Pref$150MM@8.36%dueI2-1-26 0 0 0 0 0 0
22 Trust PIERS $J.l50MM@5.375%due5-1-41 0 0 0 0 0 0
23
24 Subtotal, Net Dividends 0 0 0 0 0 0
25 Other Operating Activities
26 Other holding oompany cash flow 0 0 0 0 0 0
27 Master Notes with Co. 467 0 0 0 0 0 0
28 Net Tax Payments 0 0 0 0 0 0
29 Loans to bank subsidiaries 0 0 0 0 0 0
30 Intercompany Settlements 0 0 0 0 0 0
31 Tax Receipts 0 0 0 0 0 0
32 Tax Payments 0 0 0 0 0 0
33 Intercompany Settlements 0 0 (1.656) 0 0 0
34 All 01l1er (2.407) 2 (94) 0 0 0
35 Subtotal (2.407) 2 (1.751) 0 0 0
36 Financing Activities
37 Commercial Paper Issued (Matured) 0 0 0 0 0 0
38 Stock Buyback/Debt Repurchase
39 Subtotal 0 0 0 0 0 0
40
41 Beginning Co2 Cash 5.968.126 5.965.719 5.965.721 5.963.970 5.963.970 5.963.970
42 Net Increasel(Decrease) in Cash (2.407) 2 (1.751) 0 0 0
43 Ending Co2 Cash 5,965,719 5,965,721 5,963,970 5,963,970 5,963,970 5,963,970
44
45 CP Outstanding 0 0 0 0 0 0
46
47
48
49
50
51
52
53
54
55
H I J K L
7/7/2008 7/8/2008 7/9/2008 7/10/2008 7/11/2008
Mon Tues Wed TIm Fri
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
(0) (4) 0 (2.683) 0
1l.847 (300) (360) 196 4.719
1l.847 (304) (360) (2.487) 4.719
0 0 0 0 0
0 0 0 0 0
5.963.970 5.975.817 5.975.513 5.975.153 5.972.666
1l.847 (304) (360) (2.487) 4.719
5,975,817 5,975,513 5,975,153 5,972,666 5,977,385
0 0 0 0 0
M N 0
7/12/2008 7/13/2008 7/14/2008
Sat Sun Mon
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 (406)
0 0 1.754
0 0 1.348
0 0 0
0 0 0
5.977.385 5.977.385 5.977.385
0 0 1.348
5,977,385 5,977,385 5,978,733
0 0 0
P
7/15/2008
Tues
0
0
0
(16.103)
(10.593)
(1.337)
0
0
0
0
0
0
0
0
0
(28.033)
0
0
0
0
0
0
0
470
(1.935)
(1.465)
0
0
5.978.733
(29.498)
5,949,236
0
Q
7/16/2008
Wed
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4.119
4.119
0
0
5.949.236
4.119
5,953,355
0
(J)
C\I
(J)
...-
o
o
o
o
~
~
I
Return
Washington Mutual Inc. Cash Forecast
A R S T U V W X Y Z AA AS AC AD AE AF AG
1 7/17/2008 7/18/2008 7/19/2008 7/20/2008 7/21/2008 7/22/2008 7/23/2008 7/24/2008 7/25/2008 7/26/2008 7/27/2008 7/28/2008 7/29/2008 7/30/2008 7/31/2008 July 08 Total
2 Thu Fri Sat Sun Mon Tues Wed Thu Fri Sat Sun Mon Tues Wed Thu
3 Common Dividends
4 WMB 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
5 WMI Common Stockholders 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
6 Series KPreferred 0
7 Series RPreferred 0 0 0 0 0 0 0 0 0 0 0 0
8 Series S & T Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn @ 4.0% due 1-15-09 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (16,103)
12 Senior $600mm @ 4.2% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (10,593)
13 Senior $250mm @ 3mL+0.30% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1,337)
14 Sub $500MM @8.25% due 4-1-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
15 Senior $350MM@3mL+0.30% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
16 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
17 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
18 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Senior $750MM@5.25% due 9-15-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
21 Pref$150MM @ 8.36% due 12-1-26 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
22 Trust PIERS $1,150MM@5.375% due 5-1-41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
23
24 Subtotal, Net Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (28,033)
25 Other Operating Activities
26 Other holding company cash flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
27 Master Notes with Co. 467 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
28 Net Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
29 Loans to bank subsidiaries 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
30 Intercompany Settlements 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
31 Tax Receipts 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
32 Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
33 Intercompany Settlements 2,903 (75) 0 0 (2,000,000) 0 0 (3,462) 0 0 0 0 0 0 8,485 (1,996,428)
34 All Other 698 (2,420) 0 0 (5,800) 0 100 100 (1,400) 0 0 (10,903) (200) (40) (48) (2,374)
35 Subtotal 3,601 (2,495) 0 0 (2,005,800) 0 100 (3,362) (1,400) 0 0 (10,903) (200) (40) 8,436 (1,998,802)
36 Financing Activities
37 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
38 Stock Buyback/Debt Repurchase 0
39 Subtotal 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
40
41 Beginning Co2 Cash 5,953,355 5,956,955 5,954,460 5,954,460 5,954,460 3,948,660 3,948,660 3,948,760 3,945,399 3,943,999 3,943,999 3,943,999 3,933,095 3,932,895 3,932,855 5,968,126
42 Net Increase/(Decrease) in Cash 3,601 (2,495) 0 0 (2,005,800) 0 100 (3,362) (1,400) 0 0 (10,903) (200) (40) 8,436 (2,026,835)
43 Ending Co2 Cash 5,956,955 5,954,460 5,954,460 5,954,460 3,948,660 3,948,660 3,948,760 3,945,399 3,943,999 3,943,999 3,943,999 3,933,095 3,932,895 3,932,855 3,941,291 3,941,291
44
45 CP Outstanding 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
46
47
48
49
50
51
52
53
54
55
o
C")
0)
~
o
o
o
o
I
~
~
~
C
o
C
o
:;::;
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o
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0:: I
Washington Mutual Inc. Cash Forecast
A R S T U V W
1 7/17/2008 7/18/2008 7/19/2008 7/20/2008 7/21/2008 7/22/2008
2 TIm Fri Sat Sun MOD Tues
3 Common Dividends
4 WMB 0 0 0 0 0 0
.4-
WMI Common Stockholders 0 0 0 0 0 0
~
Series K Preferred
-I.-
Series R Preferred 0 0 0
8 Series S & T Dividends 0 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn@4.0%due 1-15-09 0 0 0 0 0 0
12 Senior $600mm@4.2%duel-15-10 0 0 0 0 0 0
13 Senior $250mm@3mL+O.30%duel-15-10 0 0 0 0 0 0
14 Sub $500MM@8.25%due4-1-10 0 0 0 0 0 0
15 Senior $350MM@3mL+0.30%due3-22-12 0 0 0 0 0 0
16 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0
17 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0
18 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0
19 Senior $750MM@5.25%due9-15-17 0 0 0 0 0 0
20 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0 0
21 Pref$150MM@8.36%dueI2-1-26 0 0 0 0 0 0
22 Trust PIERS $J.l50MM@5.375%due5-1-41 0 0 0 0 0 0
23
24 Subtotal, Net Dividends 0 0 0 0 0 0
25 Other Operating Activities
26 Other holding company cash flow 0 0 0 0 0 0
27 Master Notes with Co. 467 0 0 0 0 0 0
28 Net Tax Payments 0 0 0 0 0 0
29 Loans to bank subsidiaries 0 0 0 0 0 0
30 Intercompany Settlements 0 0 0 0 0 0
31 Tax Receipts 0 0 0 0 0 0
32 Tax Payments 0 0 0 0 0 0
33 Intercompany Settlements 2.903 (75) 0 0 (2.000.000) 0
34 All 01l1er 698 (2.420) 0 0 (5.800) 0
35 Subtotal 3.601 (2.495) 0 0 (2.005.800) 0
36 Financing Activities
37 Commercial Paper Issued (Matured) 0 0 0 0 0 0
38 Stock Buyback/Debt Repurchase
39 Subtotal 0 0 0 0 0 0
40
41 Beginning Co2 Cash 5.953.355 5.956.955 5.954.460 5.954.460 5.954.460 3.948.660
42 Net Increasel(Decrease) in Cash 3.601 (2.495) 0 0 (2.005.800) 0
43 Ending Co2 Cash 5,956,955 5,954,460 5,954,460 5,954,460 3,948,660 3,948,660
44
45 CP Outstanding 0 0 0 0 0 0
46
47
48
49
50
51
52
53
54
55
X Y Z AA AB AC
7/23/2008 7/24/2008 7/25/2008 7/26/2008 7/27/2008 7/28/2008
Wed TIm Fri Sat Sun MOD
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 (3.462) 0 0 0 0
100 100 (1.400) 0 0 (10.903)
100 (3.362) (1.400) 0 0 (10.903)
0 0 0 0 0 0
0 0 0 0 0 0
3.948.660 3.948.760 3.945.399 3.943.999 3.943.999 3.943.999
100 (3.362) (1.400) 0 0 (10.903)
3,948,760 3,945,399 3,943,999 3,943,999 3,943,999 3,933,095
0 0 0 0 0 0
AD AE
7/29/2008 7/30/2008
Tues Wed
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
(200) (40)
(200) (40)
0 0
0 0
3.933.095 3.932.895
(200) (40)
3,932,895 3,932,855
0 0
AF
7/31/2008
TIm
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8.485
(48)
8.436
0
3.932.855
8.436
3,941,291
AG
JulI 08 Total
0
0
0
0
0
(16.103)
(10.593)
(1.337)
0
0
0
0
0
0
0
0
0
(28.033)
0
0
0
0
0
0
0
(1.996.428)
(2.374)
(1.998.802)
0
0
0
5.968.126
(2.026.835)
3,941,291
0
o
('I')
(J)
...-
o
o
o
o
~
~
I
Return
Washington Mutual Inc. Cash Forecast
A B C 0 E F G H I J K L M N 0 P Q
1 8/1/2008 8/2/2008 8/3/2008 8/4/2008 8/5/2008 8/6/2008 8/7/2008 8/8/2008 8/9/2008 8/10/2008 8/11/2008 8/12/2008 8/13/2008 8/14/2008 8/15/2008 8/16/2008
2 Fri Sat Sun Mon Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat
3 Common Dividends
4 WMB 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
5 WMI Common Stockholders 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (16,907) 0
6 Series KPreferred
7 Series RPreferred
8 Series S & T Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn @ 4.0% due 1-15-09 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
12 Sub $500mm @5.54& due 8-24-09 0
13 Senior $600mm @ 4.2% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
14 Senior $250mm @ 3mL+0.30% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
15 Sub $500MM @8.25% due 4-1-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
16 NMTN $400mm @5.5% due 8-24-11 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
17 Senior $350MM@3mL+0.30% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
18 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
21 Senior $750MM@5.25% due 9-15-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
22 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
23 Pref$150MM @ 8.36% due 12-1-26 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
24 Trust PIERS $1,150MM@5.375% due 5-1-41 (15,453) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
25
26 Subtotal, Net Dividends (15,453) 0 0 0 0 0 0 0 0 0 0 0 0 0 (16,907) 0
27 Other Operating Activities
28 Other holding company cash flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
29 Master Notes with Co. 467 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
30 Net Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
31 Loans to bank subsidiaries 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
32 Intercompany Settlements 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
33 Tax Receipts 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
34 Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
35 Intercompany Settlements 0 0 0 0 0 0 (1,273) 0 0 0 (32,230) 0 0 (3,745) (758) 0
36 All Other (6,047) 0 0 (18) 100 (100) 12,008 42,964 0 0 (110) (3,091) 913 20,458 4,803 0
37 Subtotal (6,047) 0 0 (18) 100 (100) 10,735 42,964 0 0 (32,341) (3,091) 913 16,713 4,045 0
38 Financing Activities
39 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
40 Stock Buyback/Debt Repurchase
41 Subtotal 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
42
43 Beginning Co2 Cash 3,941,291 3,919,791 3,919,791 3,919,791 3,919,773 3,919,873 3,919,773 3,930,508 3,973,472 3,973,472 3,973,472 3,941,132 3,938,041 3,938,953 3,955,666 3,942,805
44 Net Increase/(Decrease) in Cash (21,500) 0 0 (18) 100 (100) 10,735 42,964 0 0 (32,341) (3,091) 913 16,713 (12,861) 0
45 Ending Co2 Cash 3,919,791 3,919,791 3,919,791 3,919,773 3,919,873 3,919,773 3,930,508 3,973,472 3,973,472 3,973,472 3,941,132 3,938,041 3,938,953 3,955,666 3,942,805 3,942,805
46
47 CP Outstanding 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
48
49
50
51
52
53
54
55
~
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0)
~
o
o
o
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o
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ID:;::;
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0-0
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ID.-
0:: I
Washington Mutual Inc. Cash Forecast
A B C D E F G
1 8/1/2008 8/2/2008 8/3/2008 8/4/2008 8/5/2008 8/6/2008
2 Fri Sat Sun Mon Tue Wed
3 Common Dividends
4 WMB 0 0 0 0 0 0
.4-
WMI Common Stockholders 0 0 0 0 0 0
~
Series K Preferred
-I.-
Series R Preferred
8 Series S & T Dividends 0 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn@4.0%due 1-15-09 0 0 0 0 0 0
12 Sub $500nun@5.54& due 8-Z4-09
13 Senior $600mm@4.2%duel-15-10 0 0 0 0 0 0
14 Senior $250mm@3mL+O.30%duel-15-10 0 0 0 0 0 0
15 Sub $500MM@8.Z5%due4-1-10 0 0 0 0 0 0
16 NMfN $400nun @5.5% due 8-Z4-11 0 0 0 0 0 0
17 Senior $350MM@3mL+0.30%due3-ZZ-IZ 0 0 0 0 0 0
18 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0
19 Senior $500MM@3mL+.40% due 9-17 -IZ 0 0 0 0 0 0
20 Sub $500MM @4.6Z5% due 4-1-14 0 0 0 0 0 0
21 Senior $750MM@5.Z5%due9-15-17 0 0 0 0 0 0
22 Senior $500MM@7.Z5% due 11-01-17 0 0 0 0 0 0
23 Pref$150MM@8.36%dueIZ-I-Z6 0 0 0 0 0 0
24 Trust PIERS $J.l50MM@5.375%due5-1-41 (15.453) 0 0 0 0 0
25
26 Subtotal, Net Dividends (15.453) 0 0 0 0 0
27 Other Operating Activities
28 Other holding oompany cash flow 0 0 0 0 0 0
29 Master Notes with Co. 467 0 0 0 0 0 0
30 Net Tax Payments 0 0 0 0 0 0
31 Loans to bank subsidiaries 0 0 0 0 0 0
32 Intercompany Settlements 0 0 0 0 0 0
33 Tax Receipts 0 0 0 0 0 0
34 Tax Payments 0 0 0 0 0 0
35 Intercompany Settlements 0 0 0 0 0 0
36 All 01l1er (6.047) 0 0 (18) 100 (100)
37 Subtotal (6.047) 0 0 (18) 100 (100)
38 Financing Activities
39 Commercial Paper Issued (Matured) 0 0 0 0 0 0
40 Stock Buyback/Debt Repurchase
41 Subtotal 0 0 0 0 0 0
42
43 Beginning Co2 Cash 3.941.Z91 3.919.791 3.919.791 3.919.791 3.919.773 3.919.873
44 Net Increasel(Decrease) in Cash (ZI.500) 0 0 (18) 100 (100)
40 Ending Co2 Cash 3,919,791 3,919,791 3,919,791 3,919,773 3,919,873 3,919,773
46
47 CP Outstanding 0 0 0 0 0 0
48
49
50
51
52
53
54
55
H I J K L M
8/7/2008 8/8/2008 8/9/2008 8/10/2008 8/11/2008 8/12/2008
TIm Fri Sat Sun Mon Tue
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
(I.Z73) 0 0 0 (3Z.Z30) 0
IZ.008 4Z.964 0 0 (llO) (3.091)
10.735 4Z.964 0 0 (3Z.341) (3.091)
0 0 0 0 0 0
0 0 0 0 0 0
3.919.773 3.930.508 3.973.472 3.973.472 3.973.472 3.94J.l3Z
10.735 4Z.964 0 0 (3Z.341) (3.091)
3,930,508 3,973,472 3,973,472 3,973,472 3,941,132 3,938,041
0 0 0 0 0 0
N 0
8/13/2008 8/14/2008
Wed TIm
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 (3.745)
913 ZO.458
913 16.713
0 0
0 0
3.938.041 3.938.953
913 16.713
3,938,953 3,955,666
0 0
P
8/15/2008
Fri
0
(16.907)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(16.907)
0
0
0
0
0
0
0
(758)
4.803
4.045
0
0
3.955.666
(lZ.861)
3,942,805
0
Q
8/16/2008
Sat
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3.94Z.805
0
3,942,805
0
...-
('I')
(J)
...-
o
o
o
o
~
~
I
Return
Washington Mutual Inc. Cash Forecast
A R S T U V W X Y Z AA AS AC AD AE AF AG
1 8/17/2008 8/18/2008 8/19/2008 8/20/2008 8/21/2008 8/22/2008 8/23/2008 8/24/2008 8/25/2008 8/26/2008 8/27/2008 8/28/2008 8/29/2008 8/30/2008 8/31/2008 Aug 08 Total
2 Sun Mon Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat Sun
3 Common Dividends
4 WMB 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
5 WMI Common Stockholders 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (16,907)
6 Series KPreferred 0
7 Series RPreferred 0 0 0 0 0 0 0 0 0 0 0 0
8 Series S & T Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn @ 4.0% due 1-15-09 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
12 Sub $500mm @5.54& due 8-24-09 0 0 0 0 0 0 0 0 0 (2,519) 0 0 0 0 0 (2,519)
13 Senior $600mm @ 4.2% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
14 Senior $250mm @ 3mL+0.30% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
15 Sub $500MM @8.25% due 4-1-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
16 NMTN $400mm @5.5% due 8-24-11 0 0 0 0 0 0 0 0 (9,938) 0 0 0 0 0 0 (9,938)
17 Senior $350MM@3mL+0.30% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
18 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
21 Senior $750MM@5.25% due 9-15-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
22 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
23 Pref$150MM @ 8.36% due 12-1-26 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
24 Trust PIERS $1,150MM@5.375% due 5-1-41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (15,453)
25
26 Subtotal, Net Dividends 0 0 0 0 0 0 0 0 (9,938) (2,519) 0 0 0 0 (44,817)
27 Other Operating Activities
28 Other holding company cash flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
29 Master Notes with Co. 467 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
30 Net Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
31 Loans to bank subsidiaries 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
32 Intercompany Settlements 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
33 Tax Receipts 0 0 600,000 0 0 0 0 0 0 0 0 0 0 0 0 600,000
34 Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
35 Intercompany Settlements 0 (398) 0 0 (3,528) 0 0 0 0 0 0 138 15,197 0 0 (26,597)
36 All Other 0 0 53 2,973 (3,026) 0 0 0 0 (28) 0 0 0 0 0 71,852
37 Subtotal 0 (398) 600,053 2,973 (6,554) 0 0 0 0 (28) 0 138 15,197 0 645,255
38 Financing Activities
39 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
40 Stock Buyback/Debt Repurchase 0
41 Subtotal 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
42
43 Beginning Co2 Cash 3,942,805 3,942,805 3,942,408 4,542,461 4,545,433 4,538,880 4,538,880 4,538,880 4,538,880 4,528,941 4,526,395 4,526,395 4,526,533 4,541,730 4,541,730 3,941,291
44 Net Increase/(Decrease) in Cash 0 (398) 600,053 2,973 (6,554) 0 0 0 (9,938) (2,547) 0 138 15,197 0 0 600,438
45 Ending Co2 Cash 3,942,805 3,942,408 4,542,461 4,545,433 4,538,880 4,538,880 4,538,880 4,538,880 4,528,941 4,526,395 4,526,395 4,526,533 4,541,730 4,541,730 4,541,730 4,541,730
46
47 CP Outstanding 0 0 0 0 0 0 0 0 0 0 0 0 0 0
48
49
50
51
52
53
54
55
N
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0)
~
o
o
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i+=
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ID:;::;
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CE
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0-0
LLi+=
C
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2u
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enOl
ID.-
0:: I
Washington Mutual Inc. Cash Forecast
A R S T U V
1 8/17/2008 8/18/2008 8/19/2008 8/20/2008 8/21/2008
2 Sun Mon Tue Wed TIm
3 Common Dividends
4 WMB 0 0 0 0 0
.4-
WMI Common Stockholders 0 0 0 0 0
~
Series K Preferred
-I.-
Series R Preferred 0 0
8 Series S & T Dividends 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn@4.0%due 1-15-09 0 0 0 0 0
12 Sub $500nun@5.54& due 8-24-09 0 0 0 0 0
13 Senior $600mm@4.2%duel-15-10 0 0 0 0 0
14 Senior $250mm@3mL+O.30%duel-15-10 0 0 0 0 0
15 Sub $500MM@8.25%due4-1-10 0 0 0 0 0
16 NMfN $400nun @5.5% due 8-24-11 0 0 0 0 0
17 Senior $350MM@3mL+0.30%due3-22-12 0 0 0 0 0
18 Senior $400MM@5% due 3-22-12 0 0 0 0 0
19 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0
20 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0
21 Senior $750MM@5.25%due9-15-17 0 0 0 0 0
22 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0
23 Pref$150MM@8.36%dueI2-1-26 0 0 0 0 0
24 Trust PIERS $J.l50MM@5.375%due5-1-41 0 0 0 0 0
25
26 Subtotal, Net Dividends 0 0 0 0 0
27 Other Operating Activities
28 Other holding oompany cash flow 0 0 0 0 0
29 Master Notes with Co. 467 0 0 0 0 0
30 Net Tax Payments 0 0 0 0 0
31 Loans to bank subsidiaries 0 0 0 0 0
32 Intercompany Settlements 0 0 0 0 0
33 Tax Receipts 0 0 600.000 0 0
34 Tax Payments 0 0 0 0 0
35 Intercompany Settlements 0 (398) 0 0 (3.528)
36 All 01l1er 0 0 53 2.973 (3.026)
37 Subtotal 0 (398) 600.053 2.973 (6.554)
38 Financing Activities
39 Commercial Paper Issued (Matured) 0 0 0 0 0
40 Stock Buyback/Debt Repurchase
41 Subtotal 0 0 0 0 0
42
43 Beginning Co2 Cash 3.942.805 3.942.805 3.942.408 4.542.461 4.545.433
44 Net Increasel(Decrease) in Cash 0 (398) 600.053 2.973 (6.554)
40 Ending Co2 Cash 3,942,805 3,942,408 4,542,461 4,545,433 4,538,880
46
47 CP Outstanding 0 0 0 0 0
48
49
50
51
52
53
54
55
W X Y Z AA AB
8/22/2008 8/23/2008 8/24/2008 8/25/2008 8/26/2008 8/27/2008
Fri Sat Sun Mon Tue Wed
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 (2.519) 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 (9.938) 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 (9.938) (2.519) 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 (28) 0
0 0 0 0 (28) 0
0 0 0 0 0 0
0 0 0 0 0 0
4.538.880 4.538.880 4.538.880 4.538.880 4.528.941 4.526.395
0 0 0 (9.938) (2.547) 0
4,538,880 4,538,880 4,538,880 4,528,941 4,526,395 4,526,395
0 0 0 0 0 0
AC AD AE
8/28/2008 8/29/2008 8/30/2008
TIm Fri Sat
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
138 15.197 0
0 0 0
138 15.197 0
0 0 0
0 0 0
4.526.395 4.526.533 4.541.730
138 15.197 0
4,526,533 4,541,730 4,541,730
0 0 0
AF
8/31/2008
Sun
0
0
0
0
0
0
0
0
4.541.730
0
4,541,730
AG
Aue:08 Total
0
(16.907)
0
0
0
0
(2.519)
0
0
0
(9.938)
0
0
0
0
0
0
0
(15.453)
(44.817)
0
0
0
0
0
600.000
0
(26.597)
71.852
645.255
0
0
0
3.941.291
600.438
4,541,730
C\I
('I')
(J)
...-
o
o
o
o
~
~
I
Return
Washington Mutual Inc. Cash Forecast
A B C 0 E F G H I J K L M N 0 P Q
1 9/1/2008 9/2/2008 9/3/2008 9/4/2008 9/5/2008 9/6/2008 9/7/2008 9/8/2008 9/9/2008 9/10/2008 9/11/2008 9/12/2008 9/13/2008 9/14/2008 9/15/2008 9/16/2008
2 Mon Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat Sun Mon Tue
3 Common Dividends
4 WMB 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
5 WMI Common Stockholders 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
6 Series KPreferred (5,056)
7 Series RPreferred (59,417)
8 Series S & T Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn @ 4.0% due 1-15-09 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
12 Senior $600mm @ 4.2% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13 Senior $250mm @ 3mL+0.30% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
14 Sub $500MM @8.25% due 4-1-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
15 Senior $350MM@3mL+0.30% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
16 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
17 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
18 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Senior $750MM@5.25% due 9-15-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (19,169) 0
20 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
21 Pref$150MM @ 8.36% due 12-1-26 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
22 Trust PIERS $1,150MM@5.375% due 5-1-41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
23
24 Subtotal, Net Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (83,641) 0
25 Other Operating Activities
26 Other holding company cash flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
27 Master Notes with Co. 467 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
28 Net Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
29 Loans to bank subsidiaries 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
30 Intercompany Settlements 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
31 Tax Receipts 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
32 Tax Payments 0 0 0 0 0 0 0 0 (70) 0 0 0 0 0 (265,808) 0
33 Intercompany Settlements 0 0 0 0 0 0 0 0 (3) (500,000) (786) 318 0 0 0 0
34 All Other 0 12 9 3,810 (3,810) 0 0 0 0 167 (167) 5,266 0 0 849 0
35 Subtotal 0 12 9 3,810 (3,810) 0 0 0 (73) (499,833) (953) 5,585 0 0 (264,959) 0
36 Financing Activities
37 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
38 Stock Buyback/Debt Repurchase
39 Subtotal 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
40
41 Beginning Co2 Cash 4,541,730 4,541,730 4,541,742 4,541,751 4,545,561 4,541,751 4,541,751 4,541,751 4,541,751 4,541,678 4,041,846 4,040,892 4,046,477 4,046,477 4,046,477 3,697,877
42 Net Increase/(Decrease) in Cash 0 12 9 3,810 (3,810) 0 0 0 (73) (499,833) (953) 5,585 0 0 (348,600) 0
43 Ending Co2 Cash 4,541,730 4,541,742 4,541,751 4,545,561 4,541,751 4,541,751 4,541,751 4,541,751 4,541,678 4,041,846 4,040,892 4,046,477 4,046,477 4,046,477 3,697,877 3,697,877
44
45 Beginning 441-006423-4 Cash 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
46 Net Increase/(Decrease) in Cash 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
47 Ending Co2 Cash 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
48
49 Ending Total Cash 4,541,730 4,541,742 4,541,751 4,545,561 4,541,751 4,541,751 4,541,751 4,541,751 4,541,678 4,041,846 4,040,892 4,046,477 4,046,477 4,046,477 3,697,877 3,697,877
50 CP Outstanding
51
52
53
54
55
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0:: I
Washington Mutual Inc. Cash Forecast
A B C D E F G
1 9/1/2008 9/2/2008 9/3/2008 9/4/2008 9/5/2008 9/6/2008
2 Mon Tue Wed TIm Fri Sat
3 Common Dividends
4 WMB 0 0 0 0 0 0
.4-
WMI Common Stockholders 0 0 0 0 0 0
~
Series K Preferred
-I.-
Series R Preferred
8 Series S & T Dividends 0 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn@4.0%due 1-15-09 0 0 0 0 0 0
12 Senior $600mm@4.2%duel-15-10 0 0 0 0 0 0
13 Senior $250mm@3mL+O.30%duel-15-10 0 0 0 0 0 0
14 Sub $500MM@8.25%due4-1-10 0 0 0 0 0 0
15 Senior $350MM@3mL+0.30%due3-22-12 0 0 0 0 0 0
16 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0
17 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0
18 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0
19 Senior $750MM@5.25%due9-15-17 0 0 0 0 0 0
20 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0 0
21 Pref$150MM@8.36%dueI2-1-26 0 0 0 0 0 0
22 Trust PIERS $J.l50MM@5.375%due5-1-41 0 0 0 0 0 0
23
24 Subtotal, Net Dividends 0 0 0 0 0 0
25 Other Operating Activities
26 Other holding oompany cash flow 0 0 0 0 0 0
27 Master Notes with Co. 467 0 0 0 0 0 0
28 Net Tax Payments 0 0 0 0 0 0
29 Loans to bank subsidiaries 0 0 0 0 0 0
30 Intercompany Settlements 0 0 0 0 0 0
31 Tax Receipts 0 0 0 0 0 0
32 Tax Payments 0 0 0 0 0 0
33 Intercompany Settlements 0 0 0 0 0 0
34 All 01l1er 0 12 9 3.810 (3.810) 0
35 Subtotal 0 12 9 3.810 (3.810) 0
36 Financing Activities
37 Commercial Paper Issued (Matured) 0 0 0 0 0 0
38 Stock Buyback/Debt Repurchase
39 Subtotal 0 0 0 0 0 0
40
41 Beginning Co2 Cash 4.541.730 4.541.730 4.541.742 4.541.751 4.545.561 4.541.751
42 Net Increasel(Decrease) in Cash 0 12 9 3.810 (3.810) 0
43 Ending Co2 Cash 4,541,730 4,541,742 4,541,751 4,545,561 4,541,751 4,541,751
44
45 Beginning 441-006423-4 Cash 0 0 0 0 0 0
46 Net Increasel(Decrease) in Cash 0 0 0 0 0 0
4{ Ending Co2 Cash 0 0 0 0 0 0
48
49 Ending Total Cash 4,541,730 4,541,742 4,541,751 4,545,561 4,541,751 4,541,751
50 CP Outstanding
51
52
53
54
55
H I J K L
9/7/2008 9/8/2008 9/9/2008 9/10/2008 9/11/2008
Sun Mon Tue Wed TIm
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 (70) 0 0
0 0 (3) (500.000) (786)
0 0 0 167 (167)
0 0 (73) (499.833) (953)
0 0 0 0 0
0 0 0 0 0
4.541.751 4.541.751 4.541.751 4.541.678 4.041.846
0 0 (73) (499.833) (953)
4,541,751 4,541,751 4,541,678 4,041,846 4,040,892
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
4,541,751 4,541,751 4,541,678 4,041,846 4,040,892
M N 0
9/12/2008 9/13/2008 9/14/2008
Fri Sat Sun
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
318 0 0
5.266 0 0
5.585 0 0
0 0 0
0 0 0
4.040.892 4.046.477 4.046.477
5.585 0 0
4,046,477 4,046,477 4,046,477
0 0 0
0 0 0
0 0 0
4,046,477 4,046,477 4,046,477
P
9/15/2008
Mon
0
0
(5.056)
(59.417)
0
0
0
0
0
0
0
0
0
(19.169)
0
0
0
(83.641)
0
0
0
0
0
0
(265.808)
0
849
(264.959)
0
0
4.046.477
(348.600)
3,697,877
0
0
0
3,697,877
Q
9/16/2008
Tue
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3.697.877
0
3,697,877
0
0
0
3,697,877
('I')
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o
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o
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I
Return
Washington Mutual Inc. Cash Forecast
A R S T U V W X Y Z AA AS AC AD AE AF
1 9/17/2008 9/18/2008 9/19/2008 9/20/2008 9/21/2008 9/22/2008 9/23/2008 9/24/2008 9/25/2008 9/26/2008 9/27/2008 9/28/2008 9/29/2008 9/30/2008 Sept 08 Total
2 Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat Sun Mon Tue
3 Common Dividends
4 WMB 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
5 WMI Common Stockholders 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
6 Series KPreferred (5,056)
7 Series RPreferred 0 0 0 0 0 0 0 0 0 0 0 (59,417)
8 Series S & T Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn @ 4.0% due 1-15-09 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
12 Senior $600mm @ 4.2% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13 Senior $250mm @ 3mL+0.30% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
14 Sub $500MM @8.25% due 4-1-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
15 Senior $350MM@3mL+0.30% due 3-22-12 0 0 0 0 0 (2,848) 0 0 0 0 0 0 0 0 (2,848)
16 Senior $400MM@5% due 3-22-12 0 0 0 0 0 (9,393) 0 0 0 0 0 0 0 0 (9,393)
17 Senior $500MM@3mL+.40% due 9-17-12 (3,670) 0 0 0 0 0 0 0 0 0 0 0 0 0 (3,670)
18 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Senior $750MM@5.25% due 9-15-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (19,169)
20 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
21 Pref$150MM @ 8.36% due 12-1-26 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
22 Trust PIERS $1,150MM@5.375% due 5-1-41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
23
24 Subtotal, Net Dividends (3,670) 0 0 0 0 (12,241) 0 0 0 0 0 0 0 0 (99,552)
25 Other Operating Activities
26 Other holding company cash flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
27 Master Notes with Co. 467 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
28 Net Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
29 Loans to bank subsidiaries 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
30 Intercompany Settlements 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
31 Tax Receipts 0 0 322,000 0 0 0 22,498 8,850 0 0 0 0 0 0 353,347
32 Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 234,526 (31,352)
33 Intercompany Settlements 0 (15,382) (3,664,005) 0 0 0 0 0 (5,783) 0 0 0 0 0 (4,185,640)
34 All Other 0 (760) (270,105) 0 0 (49,493) (237) (6) 0 (2) 0 0 0 0 (314,465)
35 Subtotal 0 (16,142) (3,612,110) 0 0 (49,493) 22,260 8,844 (5,783) (2) 0 0 0 234,526 (4,178,110)
36 Financing Activities
37 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
38 Stock Buyback/Debt Repurchase
39 Subtotal 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
40
41 Beginning Co2 Cash 3,697,877 3,694,207 3,678,065 65,956 65,956 65,956 4,222 26,482 35,327 29,544 29,542 29,542 29,542 29,542 4,541,730
42 Net Increase/(Decrease) in Cash (3,670) (16,142) (3,612,110) 0 0 (61,734) 22,260 8,844 (5,783) (2) 0 0 0 234,526 (4,277,662)
43 Ending Co2 Cash 3,694,207 3,678,065 65,956 65,956 65,956 4,222 26,482 35,327 29,544 29,542 29,542 29,542 29,542 264,068 264,068
44
45 Beginning 441-006423-4 Cash 0 0 0 3,674,000 3,674,000 3,674,000 3,674,000 3,674,000 3,674,000 3,674,000 3,674,000 3,674,000 3,674,000 3,674,000 0
46 Net Increase/(Decrease) in Cash 0 0 3,674,000 0 0 0 0 0 0 0 0 0 0 0 3,674,000
47 Ending Co2 Cash 0 0 3,674,000 3,674,000 3,674,000 3,674,000 3,674,000 3,674,000 3,674,000 3,674,000 3,674,000 3,674,000 3,674,000 3,674,000 3,674,000
48
49 Ending Total Cash 3,694,207 3,678,065 3,739,956 3,739,956 3,739,956 3,678,222 3,700,482 3,709,327 3,703,544 3,703,542 3,703,542 3,703,542 3,703,542 3,938,068 3,938,068
50 CP Outstanding
51
52
53
54
55
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Washington Mutual Inc. Cash Forecast
A R S T U V
1 9/17/2008 9/18/2008 9/19/2008 9/20/2008 9/21/2008
2 Wed TIm Fri Sat Sun
3 Common Dividends
4 WMB 0 0 0 0 0
.4-
WMI Common Stockholders 0 0 0 0 0
~
Series K Preferred
-I.-
Series R Preferred 0 0
8 Series S & T Dividends 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn@4.0%due 1-15-09 0 0 0 0 0
12 Senior $600mm@4.2%duel-15-10 0 0 0 0 0
13 Senior $250mm@3mL+O.30%duel-15-10 0 0 0 0 0
14 Sub $500MM@8.25%due4-1-10 0 0 0 0 0
15 Senior $350MM@3mL+0.30%due3-22-12 0 0 0 0 0
16 Senior $400MM@5% due 3-22-12 0 0 0 0 0
17 Senior $500MM@3mL+.40% due 9-17-12 (3.670) 0 0 0 0
18 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0
19 Senior $750MM@5.25%due9-15-17 0 0 0 0 0
20 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0
21 Pref$150MM@8.36%dueI2-1-26 0 0 0 0 0
22 Trust PIERS $J.l50MM@5.375%due5-1-41 0 0 0 0 0
23
24 Subtotal, Net Dividends (3.670) 0 0 0 0
25 Other Operating Activities
26 Other holding company cash flow 0 0 0 0 0
27 Master Notes with Co. 467 0 0 0 0 0
28 Net Tax Payments 0 0 0 0 0
29 Loans to bank subsidiaries 0 0 0 0 0
30 Intercompany Settlements 0 0 0 0 0
31 Tax Receipts 0 0 322.000 0 0
32 Tax Payments 0 0 0 0 0
33 Intercompany Settlements 0 (15.382) (3.664.005) 0 0
34 All 01l1er 0 (760) (270.105) 0 0
35 Subtotal 0 (16.142) (3.6l2.110) 0 0
36 Financing Activities
37 Commercial Paper Issued (Matured) 0 0 0 0 0
38 Stock Buyback/Debt Repurchase
39 Subtotal 0 0 0 0 0
40
41 Beginning Co2 Cash 3.697.877 3.694.207 3.678.065 65.956 65.956
42 Net Increasel(Decrease) in Cash (3.670) (16.142) (3.6l2.110) 0 0
43 Ending Co2 Cash 3,694,207 3,678,065 65,956 65,956 65,956
44
45 Beginning 441-006423-4 Cash 0 0 0 3,674,000 3,674,000
46 Net Increasel(Decrease) in Cash 0 0 3,674,000 0 0
4{ Ending Co2 Cash 0 0 3,674,000 3,674,000 3,674,000
48
49 Ending Total Cash 3,694,207 3,678,065 3,739,956 3,739,956 3,739,956
50 CP Outstanding
51
52
53
54
55
W X Y Z AA
9/22/2008 9/23/2008 9/24/2008 9/25/2008 9/26/2008
MOD Tue Wed Thu Fri
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
(2.848) 0 0 0 0
(9.393) 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
(12.241) 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 22.498 8.850 0 0
0 0 0 0 0
0 0 0 (5.783) 0
(49.493) (237) (6) 0 (2)
(49.493) 22.260 8.844 (5.783) (2)
0 0 0 0 0
0 0 0 0 0
65.956 4.222 26.482 35.327 29.544
(61.734) 22.260 8.844 (5.783) (2)
4,222 26,482 35,327 29,544 29,542
3,674,000 3,674,000 3,674,000 3,674,000 3,674,000
0 0 0 0 0
3,674,000 3,674,000 3,674,000 3,674,000 3,674,000
3,678,222 3,700,482 3,709,327 3,703,544 3,703,542
AB AC AD
9/27/2008 9/28/2008 9/29/2008
Sat Sun MOD
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
29.542 29.542 29.542
0 0 0
29,542 29,542 29,542
3,674,000 3,674,000 3,674,000
0 0 0
3,674,000 3,674,000 3,674,000
3,703,542 3,703,542 3,703,542
AE
9/30/2008
Tue
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
234.526
0
0
234.526
0
0
29.542
234.526
264,068
3,674,000
0
3,674,000
3,938,068
AF
Sellt 08 Total
0
0
(5.056)
(59.417)
0
0
0
0
0
(2.848)
(9.393)
(3.670)
0
(19.169)
0
0
0
(99.552)
0
0
0
0
0
353.347
(31.352)
(4.185.640)
(314.465)
(4.178.110)
0
0
4.541.730
(4.277.662)
264,068
0
3,674,000
3,674,000
3,938,068
""It
('I')
(J)
...-
o
o
o
o
~
~
I
Return
Washington Mutual Inc. Cash Forecast
A B C 0 E F G H I J K L M N 0 P Q R
1 10/1/2008 10/2/2008 10/3/2008 10/4/2008 10/5/2008 10/6/2008 10/7/2008 10/8/2008 10/9/2008 10/10/2008 10/11/2008 10/12/2008 10/13/2008 10/14/2008 10/15/2008 10/16/2008 10/17/2008
2 Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri
3 Common Dividends
4 WMB 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
5 WMI Common Stockholders 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
6 Series KPreferred
7 Series RPreferred
8 Series S & T Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn @ 4.0% due 1-15-09 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
12 Senior $600mm @ 4.2% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13 Senior $250mm @ 3mL+0.30% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
14 Sub $500MM @8.25% due 4-1-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
15 Senior $350MM@3mL+0.30% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
16 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
17 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
18 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Senior $750MM@5.25% due 9-15-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
21 Pref$150MM @ 8.36% due 12-1-26 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
22 Trust PIERS $1,150MM@5.375% due 5-1-41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
23
24 Subtotal, Net Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
25 Other Operating Activities
26 Other holding company cash flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
27 Master Notes with Co. 467 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
28 Net Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
29 Loans to bank subsidiaries 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
30 Intercompany Settlements 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
31 Tax Receipts 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
32 Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
33 Intercompany Settlements 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
34 All Other 0 2 0 0 0 1,529 0 158 0 3 0 0 0 0 577 0 0
35 Subtotal 0 2 0 0 0 1,529 0 158 0 3 0 0 0 0 577 0 0
36 Financing Activities
37 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
38 Stock Buyback/Debt Repurchase
39 Subtotal 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
40
41 Beginning Co2 Cash 264,068 264,068 264,070 264,070 264,070 264,070 265,599 265,599 265,757 265,757 265,761 265,761 265,761 265,761 265,761 266,337 266,337
42 Net Increase/(Decrease) in Cash 0 2 0 0 0 1,529 0 158 0 3 0 0 0 0 577 0 0
43 Ending Co2 Cash 264,068 264,070 264,070 264,070 264,070 265,599 265,599 265,757 265,757 265,761 265,761 265,761 265,761 265,761 266,337 266,337 266,337
44
45 CP Outstanding 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
46
47
48
49
50
51
52
53
54
55
LO
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0)
~
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0:: I
Washington Mutual Inc. Cash Forecast
A B C D E F G
1 10/1/2008 10/2/2008 10/3/2008 10/4/2008 10/5/2008 10/6/2008
2 Wed Thu Fri Sat Sun Mon
3 Common Dividends
4 WMB 0 0 0 0 0 0
.4-
WMI Common Stockholders 0 0 0 0 0 0
~
Series K Preferred
-I.-
Series R Preferred
8 Series S & T Dividends 0 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn@4.0%due 1-15-09 0 0 0 0 0 0
12 Senior $600mm@4.2%duel-15-10 0 0 0 0 0 0
13 Senior $250mm@3mL+O.30%duel-15-10 0 0 0 0 0 0
14 Sub $500MM@8.25%due4-1-10 0 0 0 0 0 0
15 Senior $350MM@3mL+0.30%due3-22-12 0 0 0 0 0 0
16 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0
17 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0
18 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0
19 Senior $750MM@5.25%due9-15-17 0 0 0 0 0 0
20 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0 0
21 Pref$150MM@8.36%dueI2-1-26 0 0 0 0 0 0
22 Trust PIERS $J.l50MM@5.375%due5-1-41 0 0 0 0 0 0
23
24 Subtotal, Net Dividends 0 0 0 0 0 0
25 Other Operating Activities
26 Other holding oompany cash flow 0 0 0 0 0 0
27 Master Notes with Co. 467 0 0 0 0 0 0
28 Net Tax Payments 0 0 0 0 0 0
29 Loans to bank subsidiaries 0 0 0 0 0 0
30 Intercompany Settlements 0 0 0 0 0 0
31 Tax Receipts 0 0 0 0 0 0
32 Tax Payments 0 0 0 0 0 0
33 Intercompany Settlements 0 0 0 0 0 0
34 All 01l1er 0 2 0 0 0 1.529
35 Subtotal 0 2 0 0 0 1.529
36 Financing Activities
37 Commercial Paper Issued (Matured) 0 0 0 0 0 0
38 Stock Buyback/Debt Repurchase
39 Subtotal 0 0 0 0 0 0
40
41 Beginning Co2 Cash 264.068 264.068 264.070 264.070 264.070 264.070
42 Net Increasel(Decrease) in Cash 0 2 0 0 0 1.529
43 Ending Co2 Cash 264,068 264,070 264,070 264,070 264,070 265,599
44
45 CP Outstanding 0 0 0 0 0 0
46
47
48
49
50
51
52
53
54
55
H I J K L M
10/7/2008 10/8/2008 10/9/2008 10/10/2008 10/11/2008 10/12/2008
Tue Wed Thu Fri Sat Sun
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 158 0 3 0 0
0 158 0 3 0 0
0 0 0 0 0 0
0 0 0 0 0 0
265.599 265.599 265.757 265.757 265.761 265.761
0 158 0 3 0 0
265,599 265,757 265,757 265,761 265,761 265,761
0 0 0 0 0 0
N 0 P
10/13/2008 10/14/2008 10/15/2008
Mon Tue Wed
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 577
0 0 577
0 0 0
0 0 0
265.761 265.761 265.761
0 0 577
265,761 265,761 266,337
0 0 0
Q
10/16/2008
Thu
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
266.337
0
266,337
0
R
10/17/2008
Fri
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
266.337
0
266,337
0
L()
('I')
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...-
o
o
o
o
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~
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Return
Washington Mutual Inc. Cash Forecast
A S T U V W X Y Z AA AS AC AD AE AF AG
1 10/18/2008 10/19/2008 10/20/2008 10/21/2008 10/22/2008 10/23/2008 10/24/2008 10/25/2008 10/26/2008 10/27/2008 10/28/2008 10/29/2008 10/30/2008 10/31/2008 Oct 08 Total
2 Sat Sun Mon Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri
3 Common Dividends
4 WMB 0 0 0 0 0 0 0 0 0 0 0 0 0 0
5 WMI Common Stockholders 0 0 0 0 0 0 0 0 0 0 0 0 0 0
6 Series KPreferred 0
7 Series RPreferred 0 0 0 0 0 0 0 0 0 0 0 0
8 Series S & T Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn @ 4.0% due 1-15-09 0 0 0 0 0 0 0 0 0 0 0 0 0 0
12 Senior $600mm @ 4.2% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13 Senior $250mm @ 3mL+0.30% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0
14 Sub $500MM @8.25% due 4-1-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0
15 Senior $350MM@3mL+0.30% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0
16 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0
17 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0
18 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Senior $750MM@5.25% due 9-15-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0
21 Pref$150MM @ 8.36% due 12-1-26 0 0 0 0 0 0 0 0 0 0 0 0 0 0
22 Trust PIERS $1,150MM@5.375% due 5-1-41 0 0 0 0 0 0 0 0 0 0 0 0 0 0
23
24 Subtotal, Net Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0
25 Other Operating Activities
26 Other holding company cash flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0
27 Master Notes with Co. 467 0 0 0 0 0 0 0 0 0 0 0 0 0 0
28 Net Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0
29 Loans to bank subsidiaries 0 0 0 0 0 0 0 0 0 0 0 0 0 0
30 Intercompany Settlements 0 0 0 0 0 0 0 0 0 0 0 0 0 0
31 Tax Receipts 0 0 0 0 0 0 0 0 0 0 0 0 0 0
32 Tax Payments 0 0 0
33 Intercompany Settlements 0 0 0
34 All Other 0 0 2,270
35 Subtotal 0 0 0 0 0 0 0 0 0 0 0 0 0 2,270
36 Financing Activities
37 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0 0 0 0 0 0 0 0
38 Stock Buyback/Debt Repurchase 0
39 Subtotal 0 0 0 0 0 0 0 0 0 0 0 0 0 0
40
41 Beginning Co2 Cash 266,337 266,337 266,337 266,337 266,337 266,337 266,337 266,337 266,337 266,337 266,337 266,337 266,337 266,337 266,337
42 Net Increase/(Decrease) in Cash 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,270
43 Ending Co2 Cash 266,337 266,337 266,337 266,337 266,337 266,337 266,337 266,337 266,337 266,337 266,337 266,337 266,337 266,337 268,607
44
45 CP Outstanding 0 0 0 0 0 0 0 0 0 0 0 0 0 0
46
47
48
49
50
51
52
53
54
55
co
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ID.-
0:: I
Washington Mutual Inc. Cash Forecast
A S T U V W
1 10/18/2008 10/19/2008 10/20/2008 10/21/2008 10/22/2008
2 Sat Sun MOD Tue Wed
3 Common Dividends
4 WMB 0 0 0 0 0
.4-
WMI Common Stockholders 0 0 0 0 0
~
Series K Preferred
-I.-
Series R Preferred 0 0 0
8 Series S & T Dividends 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn@4.0%due 1-15-09 0 0 0 0 0
12 Senior $600mm@4.2%duel-15-10 0 0 0 0 0
13 Senior $250mm@3mL+O.30%duel-15-10 0 0 0 0 0
14 Sub $500MM@8.25%due4-1-10 0 0 0 0 0
15 Senior $350MM@3mL+0.30%due3-22-12 0 0 0 0 0
16 Senior $400MM@5% due 3-22-12 0 0 0 0 0
17 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0
18 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0
19 Senior $750MM@5.25%due9-15-17 0 0 0 0 0
20 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0
21 Pref$150MM@8.36%dueI2-1-26 0 0 0 0 0
22 Trust PIERS $J.l50MM@5.375%due5-1-41 0 0 0 0 0
23
24 Subtotal, Net Dividends 0 0 0 0 0
25 Other Operating Activities
26 Other holding company cash flow 0 0 0 0 0
27 Master Notes with Co. 467 0 0 0 0 0
28 Net Tax Payments 0 0 0 0 0
29 Loans to bank subsidiaries 0 0 0 0 0
30 Intercompany Settlements 0 0 0 0 0
31 Tax Receipts 0 0 0 0 0
32 Tax Payments 0 0
33 Intercompany Settlements 0 0
34 All 01l1er 0 0
35 Subtotal 0 0 0 0 0
36 Financing Activities
37 Commercial Paper Issued (Matured) 0 0 0 0 0
38 Stock Buyback/Debt Repurchase
39 Subtotal 0 0 0 0 0
40
41 Beginning Co2 Cash 266.337 266.337 266.337 266.337 266.337
42 Net Increasel(Decrease) in Cash 0 0 0 0 0
43 Ending Co2 Cash 266,337 266,337 266,337 266,337 266,337
44
45 CP Outstanding 0 0 0 0 0
46
47
48
49
50
51
52
53
54
55
X Y Z AA AB
10/23/2008 10/24/2008 10/25/2008 10/26/2008 10/27/2008
Thu Fri Sat Sun MOD
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
266.337 266.337 266.337 266.337 266.337
0 0 0 0 0
266,337 266,337 266,337 266,337 266,337
0 0 0 0 0
AC AD AE
10/28/2008 10/29/2008 10/30/2008
Tue Wed Thu
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
266.337 266.337 266.337
0 0 0
266,337 266,337 266,337
0 0 0
AF
10/31/2008
Fri
266.337
0
266,337
AG
Dct08 Total
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2.270
2.270
0
0
0
266.337
2.270
268,607
0
co
('I')
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Return
Washington Mutual Inc. Cash Forecast
A B C 0 E F G H I J K L M N 0 P Q
1 11/1/2008 11/2/2008 11/3/2008 11/4/2008 11/5/2008 11/6/2008 11/7/2008 11/8/2008 11/9/2008 11/10/2008 11/11/2008 11/12/2008 11/13/2008 11/14/2008 11/15/2008 11/16/2008
2 Sat Sun Mon Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat Sun
3 Common Dividends
4 WMB 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
5 WMI Common Stockholders 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
6 Series KPreferred
7 Series RPreferred
8 Series S & T Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn @ 4.0% due 1-15-09 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
12 Senior $600mm @ 4.2% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13 Senior $250mm @ 3mL+0.30% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
14 Sub $500MM @8.25% due 4-1-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
15 Senior $350MM@3mL+0.30% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
16 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
17 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
18 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Senior $750MM@5.25% due 9-15-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
21 Pref$150MM @ 8.36% due 12-1-26 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
22 Trust PIERS $1,150MM@5.375% due 5-1-41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
23
24 Subtotal, Net Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
25 Other Operating Activities
26 Other holding company cash flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
27 Master Notes with Co. 467 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
28 Net Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
29 Loans to bank subsidiaries 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
30 Intercompany Settlements 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
31 Tax Receipts 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
32 Tax Payments 0
33 Intercompany Settlements 0
34 All Other
35 Subtotal 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
36 Financing Activities
37 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
38 Stock Buyback/Debt Repurchase
39 Subtotal 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
40
41 Beginning Co2 Cash 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730
42 Net Increase/(Decrease) in Cash 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
43 Ending Co2 Cash 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730
44
45 CP Outstanding 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
46
47
48
49
50
51
52
53
54
55
l"-
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Washington Mutual Inc. Cash Forecast
A B C D E F
1 ll/1/2008 ll/2/2008 ll/3/2008 ll/4/2008 ll/5/2008
2 Sat Sun Mon Tue Wed
3 Common Dividends
4 WMB 0 0 0 0 0
.4-
WMI Common Stockholders 0 0 0 0 0
~
Series K Preferred
-I.-
Series R Preferred
8 Series S & T Dividends 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn@4.0%due 1-15-09 0 0 0 0 0
12 Senior $600mm@4.2%duel-15-10 0 0 0 0 0
13 Senior $250mm@3mL+O.30%duel-15-10 0 0 0 0 0
14 Sub $500MM@8.25%due4-1-10 0 0 0 0 0
15 Senior $350MM@3mL+0.30%due3-22-12 0 0 0 0 0
16 Senior $400MM@5% due 3-22-12 0 0 0 0 0
17 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0
18 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0
19 Senior $750MM@5.25%due9-15-17 0 0 0 0 0
20 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0
21 Pref$150MM@8.36%dueI2-1-26 0 0 0 0 0
22 Trust PIERS $J.l50MM@5.375%due5-1-41 0 0 0 0 0
23
24 Subtotal, Net Dividends 0 0 0 0 0
25 Other Operating Activities
26 Other holding oompany cash flow 0 0 0 0 0
27 Master Notes with Co. 467 0 0 0 0 0
28 Net Tax Payments 0 0 0 0 0
29 Loans to bank subsidiaries 0 0 0 0 0
30 Intercompany Settlements 0 0 0 0 0
31 Tax Receipts 0 0 0 0 0
32 Tax Payments 0
33 Intercompany Settlements 0
34 All 01l1er
35 Subtotal 0 0 0 0 0
36 Financing Activities
37 Commercial Paper Issued (Matured) 0 0 0 0 0
38 Stock Buyback/Debt Repurchase
39 Subtotal 0 0 0 0 0
40
41 Beginning Co2 Cash 4.541.730 4.541.730 4.541.730 4.541.730 4.541.730
42 Net Increasel(Decrease) in Cash 0 0 0 0 0
43 Ending Co2 Cash 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730
44
45 CP Outstanding 0 0 0 0 0
46
47
48
49
50
51
52
53
54
55
G H I J K L
ll/6/2008 11/7/2008 ll/8/2008 ll/9/2008 ll/10/2008 11/ll/2008
TIm Fri Sat Sun Mon Tue
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
4.541.730 4.541.730 4.541.730 4.541.730 4.541.730 4.541.730
0 0 0 0 0 0
4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730
0 0 0 0 0 0
M N 0
ll/12/2008 11/13/2008 ll/14/2008
Wed Thu Fri
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
4.541.730 4.541.730 4.541.730
0 0 0
4,541,730 4,541,730 4,541,730
0 0 0
P
11/15/2008
Sat
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4.541.730
0
4,541,730
0
Q
ll/16/2008
Sun
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4.541.730
0
4,541,730
0
I'--
('I')
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...-
o
o
o
o
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I
Return
Washington Mutual Inc. Cash Forecast
A R S T U V W X Y Z AA AS AC AD AE AF
1 11/17/2008 11/18/2008 11/19/2008 11/20/2008 11/21/2008 11/22/2008 11/23/2008 11/24/2008 11/25/2008 11/26/2008 11/27/2008 11/28/2008 11/29/2008 11/30/2008 Nov 08 Total
2 Mon Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat Sun
3 Common Dividends
4 WMB 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
5 WMI Common Stockholders 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
6 Series KPreferred 0
7 Series RPreferred 0 0 0 0 0 0 0 0 0 0 0 0
8 Series S & T Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn @ 4.0% due 1-15-09 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
12 Senior $600mm @ 4.2% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13 Senior $250mm @ 3mL+0.30% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
14 Sub $500MM @8.25% due 4-1-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
15 Senior $350MM@3mL+0.30% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
16 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
17 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
18 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Senior $750MM@5.25% due 9-15-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
21 Pref$150MM @ 8.36% due 12-1-26 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
22 Trust PIERS $1,150MM@5.375% due 5-1-41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
23
24 Subtotal, Net Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
25 Other Operating Activities
26 Other holding company cash flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
27 Master Notes with Co. 467 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
28 Net Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
29 Loans to bank subsidiaries 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
30 Intercompany Settlements 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
31 Tax Receipts 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
32 Tax Payments 0
33 Intercompany Settlements 0
34 All Other 0
35 Subtotal 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
36 Financing Activities
37 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
38 Stock Buyback/Debt Repurchase 0
39 Subtotal 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
40
41 Beginning Co2 Cash 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730
42 Net Increase/(Decrease) in Cash 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
43 Ending Co2 Cash 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730
44
45 CP Outstanding 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
46
47
48
49
50
51
52
53
54
55
00
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0)
~
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Washington Mutual Inc. Cash Forecast
A R S T U
1 1lI17/2008 11/18/2008 1lI19/2008 11/20/2008
2 MOD Tue Wed Thu
3 Common Dividends
4 WMB 0 0 0 0
.4-
WMI Common Stockholders 0 0 0 0
~
Series K Preferred
-I.-
Series R Preferred 0 0
8 Series S & T Dividends 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn@4.0%due 1-15-09 0 0 0 0
12 Senior $600mm@4.2%duel-15-10 0 0 0 0
13 Senior $250mm@3mL+O.30%duel-15-10 0 0 0 0
14 Sub $500MM@8.25%due4-1-10 0 0 0 0
15 Senior $350MM@3mL+0.30%due3-22-12 0 0 0 0
16 Senior $400MM@5% due 3-22-12 0 0 0 0
17 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0
18 Sub $500MM @4.625% due 4-1-14 0 0 0 0
19 Senior $750MM@5.25%due9-15-17 0 0 0 0
20 Senior $500MM@7.25% due 11-01-17 0 0 0 0
21 Pref$150MM@8.36%dueI2-1-26 0 0 0 0
22 Trust PIERS $J.l50MM@5.375%due5-1-41 0 0 0 0
23
24 Subtotal, Net Dividends 0 0 0 0
25 Other Operating Activities
26 Other holding company cash flow 0 0 0 0
27 Master Notes with Co. 467 0 0 0 0
28 Net Tax Payments 0 0 0 0
29 Loans to bank subsidiaries 0 0 0 0
30 Intercompany Settlements 0 0 0 0
31 Tax Receipts 0 0 0 0
32 Tax Payments
33 Intercompany Settlements
34 All 01l1er
35 Subtotal 0 0 0 0
36 Financing Activities
37 Commercial Paper Issued (Matured) 0 0 0 0
38 Stock Buyback/Debt Repurchase
39 Subtotal 0 0 0 0
40
41 Beginning Co2 Cash 4.541.730 4.541.730 4.541.730 4.541.730
42 Net Increasel(Decrease) in Cash 0 0 0 0
43 Ending Co2 Cash 4,541,730 4,541,730 4,541,730 4,541,730
44
45 CP Outstanding 0 0 0 0
46
47
48
49
50
51
52
53
54
55
V W X Y Z AA
1lI21/2008 11/22/2008 1lI23/2008 11/24/2008 1lI25/2008 11/26/2008
Fri Sat Sun MOD Tue Wed
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
4.541.730 4.541.730 4.541.730 4.541.730 4.541.730 4.541.730
0 0 0 0 0 0
4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730
0 0 0 0 0 0
AB AC AD
1lI27/2008 11/28/2008 1lI29/2008
Thu Fri Sat
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
4.541.730 4.541.730 4.541.730
0 0 0
4,541,730 4,541,730 4,541,730
0 0 0
AE
11/30/2008
Sun
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4.541.730
0
4,541,730
0
AF
Nov 08 Total
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4.541.730
0
4,541,730
0
00
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Return
Washington Mutual Inc. Cash Forecast
A B C 0 E F G H I J K L M N 0 P Q
1 12/1/2008 12/2/2008 12/3/2008 12/4/2008 12/5/2008 12/6/2008 12/7/2008 12/8/2008 12/9/2008 12/10/2008 12/11/2008 12/12/2008 12/13/2008 12/14/2008 12/15/2008 12/16/2008
2 Mon Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat Sun Mon Tue
3 Common Dividends
4 WMB 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
5 WMI Common Stockholders 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
6 Series KPreferred
7 Series RPreferred
8 Series S & T Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn @ 4.0% due 1-15-09 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
12 Senior $600mm @ 4.2% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13 Senior $250mm @ 3mL+0.30% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
14 Sub $500MM @8.25% due 4-1-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
15 Senior $350MM@3mL+0.30% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
16 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
17 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
18 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Senior $750MM@5.25% due 9-15-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
21 Pref$150MM @ 8.36% due 12-1-26 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
22 Trust PIERS $1,150MM@5.375% due 5-1-41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
23
24 Subtotal, Net Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
25 Other Operating Activities
26 Other holding company cash flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
27 Master Notes with Co. 467 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
28 Net Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
29 Loans to bank subsidiaries 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
30 Intercompany Settlements 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
31 Tax Receipts 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
32 Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
33 Intercompany Settlements 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
34 All Other 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
35 Subtotal 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
36 Financing Activities
37 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
38 Stock Buyback/Debt Repurchase 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
39 Subtotal 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
40
41 Beginning Co2 Cash 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730
42 Net Increase/(Decrease) in Cash 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
43 Ending Co2 Cash 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730
44
45 CP Outstanding 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
46
47
48
49
50
51
52
53
54
55
0)
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Washington Mutual Inc. Cash Forecast
A B C D E F
1 12/1/2008 12/2/2008 12/3/2008 12/4/2008 12/5/2008
2 Mon Tue Wed TIm Fri
3 Common Dividends
4 WMB 0 0 0 0 0
.4-
WMI Common Stockholders 0 0 0 0 0
~
Series K Preferred
-I.-
Series R Preferred
8 Series S & T Dividends 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn@4.0%due 1-15-09 0 0 0 0 0
12 Senior $600mm@4.2%duel-15-10 0 0 0 0 0
13 Senior $250mm@3mL+O.30%duel-15-10 0 0 0 0 0
14 Sub $500MM@8.25%due4-1-10 0 0 0 0 0
15 Senior $350MM@3mL+0.30%due3-22-12 0 0 0 0 0
16 Senior $400MM@5% due 3-22-12 0 0 0 0 0
17 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0
18 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0
19 Senior $750MM@5.25%due9-15-17 0 0 0 0 0
20 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0
21 Pref$150MM@8.36%dueI2-1-26 0 0 0 0 0
22 Trust PIERS $J.l50MM@5.375%due5-1-41 0 0 0 0 0
23
24 Subtotal, Net Dividends 0 0 0 0 0
25 Other Operating Activities
26 Other holding oompany cash flow 0 0 0 0 0
27 Master Notes with Co. 467 0 0 0 0 0
28 Net Tax Payments 0 0 0 0 0
29 Loans to bank subsidiaries 0 0 0 0 0
30 Intercompany Settlements 0 0 0 0 0
31 Tax Receipts 0 0 0 0 0
32 Tax Payments 0 0 0 0 0
33 Intercompany Settlements 0 0 0 0 0
34 All 01l1er 0 0 0 0 0
35 Subtotal 0 0 0 0 0
36 Financing Activities
37 Commercial Paper Issued (Matured) 0 0 0 0 0
38 Stock Buyback/Debt Repurchase 0 0 0 0 0
39 Subtotal 0 0 0 0 0
40
41 Beginning Co2 Cash 4.541.730 4.541.730 4.541.730 4.541.730 4.541.730
42 Net Increasel(Decrease) in Cash 0 0 0 0 0
43 Ending Co2 Cash 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730
44
45 CP Outstanding 0 0 0 0 0
46
47
48
49
50
51
52
53
54
55
G H I J K L
12/6/2008 12/7/2008 12/8/2008 12/9/2008 12/10/2008 12/1112008
Sat Sun Mon Tue Wed Thu
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
4.541.730 4.541.730 4.541.730 4.541.730 4.541.730 4.541.730
0 0 0 0 0 0
4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730
0 0 0 0 0 0
M N 0
12/12/2008 12/13/2008 12/14/2008
Fri Sat Sun
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
4.541.730 4.541.730 4.541.730
0 0 0
4,541,730 4,541,730 4,541,730
0 0 0
P
12/15/2008
Mon
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4.541.730
0
4,541,730
0
Q
12/16/2008
Tue
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4.541.730
0
4,541,730
0
(J)
('I')
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Return
Washington Mutual Inc. Cash Forecast
A R S T U V W X Y Z AA AS AC AD AE AF AG
1 12/17/2008 12/18/2008 12/19/2008 12/20/2008 12/21/2008 12/22/2008 12/23/2008 12/24/2008 12/25/2008 12/26/2008 12/27/2008 12/28/2008 12/29/2008 12/30/2008 12/31/2008 Dec 08 Total
2 Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat Sun Mon Tue Wed
3 Common Dividends
4 WMB 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
5 WMI Common Stockholders 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
6 Series KPreferred 0 0
7 Series RPreferred 0 0 0 0 0 0 0 0 0 0 0 0 0
8 Series S & T Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn @ 4.0% due 1-15-09 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
12 Senior $600mm @ 4.2% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13 Senior $250mm @ 3mL+0.30% due 1-15-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
14 Sub $500MM @8.25% due 4-1-10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
15 Senior $350MM@3mL+0.30% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
16 Senior $400MM@5% due 3-22-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
17 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
18 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19 Senior $750MM@5.25% due 9-15-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
21 Pref$150MM @ 8.36% due 12-1-26 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
22 Trust PIERS $1,150MM@5.375% due 5-1-41 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
23
24 Subtotal, Net Dividends 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
25 Other Operating Activities
26 Other holding company cash flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
27 Master Notes with Co. 467 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
28 Net Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
29 Loans to bank subsidiaries 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
30 Intercompany Settlements 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
31 Tax Receipts 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
32 Tax Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
33 Intercompany Settlements 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
34 All Other 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
35 Subtotal 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
36 Financing Activities
37 Commercial Paper Issued (Matured) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
38 Stock Buyback/Debt Repurchase 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
39 Subtotal 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
40
41 Beginning Co2 Cash 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730
42 Net Increase/(Decrease) in Cash 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
43 Ending Co2 Cash 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730
44
45 CP Outstanding 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
46
47
48
49
50
51
52
53
54
55
o
~
0)
~
o
o
o
o
I
~
~
~
C
o
C
o
:;::;
eo
E
s....
i+=
C
o
U
C
eo
a..
.,C
+-'
.
C
o
:;::;C
Uo
ID:;::;
Ceo
CE
Os....
U ~
~ C
IDeo
en.-
::::>C
s....ID
0-0
LLi+=
C
-00
2u
.S:2 ~
s...._
+-'.,C
enOl
ID.-
0:: I
Washington Mutual Inc. Cash Forecast
A R S T U V
1 12/17/2008 12/18/2008 12/19/2008 12/20/2008 12/21/2008
2 Wed Thu Fri Sat Sun
3 Common Dividends
4 WMB 0 0 0 0 0
.4-
WMI Common Stockholders 0 0 0 0 0
~
Series K Preferred
-I.-
Series R Preferred 0 0
8 Series S & T Dividends 0 0 0 0 0
9
10 Debt Service (P & I) Payments
11 Senior $lbn@4.0%due 1-15-09 0 0 0 0 0
12 Senior $600mm@4.2%duel-15-10 0 0 0 0 0
13 Senior $250mm@3mL+O.30%duel-15-10 0 0 0 0 0
14 Sub $500MM@8.25%due4-1-10 0 0 0 0 0
15 Senior $350MM@3mL+0.30%due3-22-12 0 0 0 0 0
16 Senior $400MM@5% due 3-22-12 0 0 0 0 0
17 Senior $500MM@3mL+.40% due 9-17-12 0 0 0 0 0
18 Sub $500MM @4.625% due 4-1-14 0 0 0 0 0
19 Senior $750MM@5.25%due9-15-17 0 0 0 0 0
20 Senior $500MM@7.25% due 11-01-17 0 0 0 0 0
21 Pref$150MM@8.36%dueI2-1-26 0 0 0 0 0
22 Trust PIERS $J.l50MM@5.375%due5-1-41 0 0 0 0 0
23
24 Subtotal, Net Dividends 0 0 0 0 0
25 Other Operating Activities
26 Other holding oompany cash flow 0 0 0 0 0
27 Master Notes with Co. 467 0 0 0 0 0
28 Net Tax Payments 0 0 0 0 0
29 Loans to bank subsidiaries 0 0 0 0 0
30 Intercompany Settlements 0 0 0 0 0
31 Tax Receipts 0 0 0 0 0
32 Tax Payments 0 0 0 0 0
33 Intercompany Settlements 0 0 0 0 0
34 All 01l1er 0 0 0 0 0
35 Subtotal 0 0 0 0 0
36 Financing Activities
37 Commercial Paper Issued (Matured) 0 0 0 0 0
38 Stock Buyback/Debt Repurchase 0 0 0 0 0
39 Subtotal 0 0 0 0 0
40
41 Beginning Co2 Cash 4.541.730 4.541.730 4.541.730 4.541.730 4.541.730
42 Net Increasel(Decrease) in Cash 0 0 0 0 0
43 Ending Co2 Cash 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730
44
45 CP Outstanding 0 0 0 0 0
46
47
48
49
50
51
52
53
54
55
W X Y Z AA AB
12/22/2008 12/23/2008 12/24/2008 12/25/2008 12/26/2008 12/27/2008
Mon Tue Wed Thu Fri Sat
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
4.541.730 4.541.730 4.541.730 4.541.730 4.541.730 4.541.730
0 0 0 0 0 0
4,541,730 4,541,730 4,541,730 4,541,730 4,541,730 4,541,730
0 0 0 0 0 0
AC AD AE
12/28/2008 12/29/2008 12/30/2008
Sun Mon Tue
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
4.541.730 4.541.730 4.541.730
0 0 0
4,541,730 4,541,730 4,541,730
0 0 0
AF
12/31/2008
Wed
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4.541.730
0
4,541,730
0
AG
Dec 08 Total
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4.541.730
0
4,541,730
0
o
""It
(J)
...-
o
o
o
o
~
~
I
Return
t!jWaMu
P.O. BOX 2395
CHATSWORTH, CA 91313-2395
This Statement Covers
From: 10101/08
Through: 10/31/08
WAs-iINGTON MUTUAL INC
ATIN: TREASURY' ACCTGlLULU STJOHN
13012ND AVE#WMC1411
SEAmEWA 98101-2005
Need assistance?
To reach us anylime
call 1-800-788-7000
or vlsll us al wamu.com
Washington Mutual Internal Checking Detail Information
WASHINGTON MUTUAL INC Account Number: 1791650667
'!Vashrngton Mutual Bank, FA
I
Account SummarY
0.00
+2,277,938.51
0.00
0.00
0.00
0.00
$264,068,186.05
$266,346,124.56
Bllglnnlng BalanclI
Ending Balance
Deposits
Bectronlc & Mise. Deposits
card Purchases/ATM Withdrawals
Bedronlc & Mise. Wilhdrawals
ChecksPafd
.service Fees
)
)
Datil Amount
Electronic & Miscellaneous Deposits
DescrIption Card
Numbllr
10/02
10106
10/08
10/10
10115
10/15
10/28
7 Items
2,114.58 WIRETRANSFERDEPOSIT
1.529,366.86 WIRE TRANSFER DEPOSIT
158,165.00 WIRE TRANSFERDEPOSIT
3,375.34 WIRE TRANSFER DEPOSIT
101.42 WIRETRANSFERDEPOSIT
576,481.98 WIRE TRANSfER DEPOSIT
8,333.33 BOOK TRANSfER CREDIT
S2.2n.93B.51
I Account Activity Summary I
Checks Deposited 0 Cash Deposited $0.00
Number of Deposits 7 Cash Purchased $0.00
Checks/Debits 0
Your Overdrart L1mil as of the statemenl end dale: $1,000.00
Please note that this may be changed at any time without notice. ('.Iiew back of statement for more information.)
Page 1 of 1
)
)
1782
a EM-S-B3
NNGR 001 01 31 103 lOB PAGE 1 af 1
Deposits are FDIC Insured
CllLR1321l 1321 3200 0110101782
@
....-
Restricted For Use in Connection with Plan Confirmation Only
Highly Confidential - Attorneys Eyes Only Restricted to EC
WGM 00008399
)
)
)
)
WaMu
1182
P.O. BOX 2395
CHATSWORm, CA 913132395
WASHINGTON MUTUAL INC
This Statement Covers
From: 10101/08
10/31/08
A TIN: TREASURY ACCTGlLULU ST JO HN or 1IIs1! us at wamu.oom
13012ND AVE#WMC1411
SEAmEWA 96101-2005
WASHINGTON MUTUAL INC Account Number: 1791650667
WashIngton Mutual Bank, FA
Bectronlc & Mise.
card PurchaseslATM Withdrawals
8edronlc & Mise. Wilhdravllals
Checks PaId
+2,277,938.51
0.00
0.00
0.00
Dato
10/02
10106
10/08
10/10
10/15
10/15
10/28
711ems
2,114.58 WIRETRANSFERDEPOSn
1,529,366.86 WIRE TRANSFER DEPOSIT
158,165.00 WIRE TRANSFER DEPOSIT
3,375.34 WIRE TRANSFER DEPOSIT
101.42 WIRf:TRANSFERDEPOSIT
576.481.98 WIRE TRANSFER DEPOSIT
8,333.33 BOOK TRANSFER CRf:DIT
$2,277.938.51
Number of nn __ " ~
Checks/Debits
Your Overdraflllmi! as of the s1alemenl end dale: $1,000.00
Cash F\lrchased
Rease note that Ihlsmay be changed at any limB without notice, (View back of slalement for more information.)
o EM-SB3 Page 1 of 1 Deposils are FDIC Insured
IINGR 001 01 31 lOllOB PAGE 1 or 1 CllLRIl211 1321 31M 0' ...... 1182
Card
Number
$0.00
Return
t!JWaMu
P.O. BOX 2395
CHATSWORTH, CA 913132395
WASHINGTON MUTUAL INC
ATTN: ACCTG/LULU Sf JOHN
1301 2ND AVE # WMC1411
SEAmEWA 98101-2005
This Statement Covers
From: 10/01/08
Through: 10/31/08
Need Bs:istanca?
To reach us anytime
can 1-8007887000
or visit us at wamu.com
Washington Mutual Internal Checking Detail Information
WASHINGTON MUTUAL INC Account Number: 1791650667
Mutual Bank, FA
J
BeginnIng Balance
Deposits
Electronic & Mise. Deposits
Card PurchaseslArM Withdrawals
Electronic & Misc. Withdrawals
ChecksPatd
Service Fees
Ending Balance
Account Summa
$264,068.186.05
0.00
+2,2n,938.51
0.00
0.00
0.00
0.00
$266,346,124.56
Electronic & Miscellaneous Deposits
Date Amount Description Card
Number
10/02
10/06
10/08
10/10
10/15
10/15
10128
7 Items
2,114.58 WlRETRA.NSFERDEPOSlT
1,529,366.86 WIRE mANSFERDEPOSlT
158,165.00 WIRE mANSFERDEPOSlT
3,375,34 WIRE TRANSFERDEPOSIT
101.42 WIRE TRANSFERDEPOSIT
576,481.98 WIRE TRANSFERDEPOSIT
8,333.33 BOOK TRANSFER CREDIT
$2,2n.938.51
J
[-:-__-:::--;-:---;--;-;:::-:-
Average Collected Balance $265,795,039.09 Minimum Daily Ending Balance $264,068,186,05
Checks Deposited 0 Cash Deposited $0.00
Number or Deposits 7 Cash f\Jrchased $0.00
Checks/Debits 0
Your Overdraft Limit as or the statement end date: $1.000.00
Please note that may be c;hanged at any lime without notiC6. (View baGK of :;la/ement fOf mOnt informtilion.)
oEM&-S3 Page 1 of 1 Deposits are FDIC Insured
1782 001 07 31 103108 PAGE 1 of 1 COLR1J2B 7321 3200 01AA7782
Restricted For Use in Connection with Plan Confirmation Only
Highly Confidential - Attorneys Eyes Only Restricted to EC
WGM 00008400
)
WaMu
P.O. BOX 2395
CHATS\IVOFmi, CA 913132395
WASHINGTON MUTIJAL INC
AnN: TREASURY ACCTG/LULU sr JOHN
13012NOAVE#WMC1411
SEA TILE WA 98101-2005
WASHINGTON MUTUAL INC Account Number: 1791650667
washington Mutual Bank, FA
Electronic & Mise.. Deposits +2,2n.938.51
0.00
0.00
0.00
0.00
Card PurchaseslATM Withdrawals
Electronic & Misc. Withdrawals
Checks Paid
Service Fees
Ending Balance
10/02
10/06
1010B
10/10
10/15
10/15
10128
7 Items
$266,346,124.56
2,114.58 WIRETRANSFERDEPOSlT
1,529,366.86 WIRE mAN SFER DEPOSIT
158,165.00 WIRE mAN SFER DEPOSIT
3,375.34 WIRE TRANSFER DEPOSIT
101.42 WIRE TRANSFER DEPOSIT
576,481.98 WlRETRANSFERDEPOSIT
8,333.33 BOOK TRANSFER CREDIT
$2,2n.938.51
Checks Deposited
Number of Deposits
Checks! Deb it s
o
7
o
Your Overdraft limit as or the statement end dale: 51.000.00
Cash Deposited
Cash Purchased
Please note that ! h j ~ may be [;/Janged al any time without no1iG6. (\lien' ba;:;k of liIatement fOf mont infOfmiJIion.)
This Statement Covers
From: 10/01108
10/31/08
or visit us at wamu.com
tion
$0.00
$0.00
o EMS-83 Page 1 of 1 Deposits are FDIC Insured
1782 001 01 31 103108 PACE 1 of 1 COlR1l2B 1321 3200 01 ..... 1782
Return
-;
P.O. BOX 2395
CHATSNORTH, CA 913132395
WASHINGTON MUTUAL INC
ATTN: ACCTGlLULU STJOHN
1301 2ND AVE 1# WMC1411
SEATTtEWA 981012005
This Statement Covers
From: 09/01/08
Through: 09/30/0B
Need assistance?
To reach us enytlme
call 1-8007881000
or vlsi us at Wilmu.com
Please see the end of statement message regarding Important Information about changes 10 your deposit accounts and
servless.
Washington Mutual Internal Checking Detail Information
WASHINGTON MUTUAL INC Account Number: 179-165066-7
Washington Mutual Bank, FA
Beginning Balance
Deposits
Bectronlc & MIsc. Deposils
Card Purchases/ATM Withdrawals
Bectronic & Misc. Wilhdrawals
Checks Paid
Service Fees
EndIng Balance
Account Summary
$4,541,729,651.01
0.00
+615,444,052.72
0.00
-4,893,105,517.68
0.00
0.00
$264,088,186.05
Electronic & Miscellaneous Deposits
I
Date Amount Description Card
Number
.J
09/02
09/02
09/03
09/03
09104
09/05
09/09
09/10
09/12
09112
09/15
09/18
09/18
09/18
09/19
aEM-S-S3
1,080.61 WIRE TRA.NSFERDEPOSIT
11,024.44 WIRETRA.NSFERDEPOSlT
7,004.31 WIRE TRA.NSFERDEPOSIT
2,423.75 WIRE TRA.NSFER DEPOSIT
3,B10,000.00 WIRE TRA.NSFERDEPOSIT
5,125,000.00 WIRE TRA.NSFERDEPOSIT
103.89 WIRE TRA.NSFERDEPOSIT
167,386.65 WIRE TRANSFERDEPOSIT
5,266,361.00 WIRE TRANSFERDEPOSIT
318,260.96 WIRE TRANSFERDEPOSIT
849,376.57 WIRE TRANSFERDEPOSIT
1,775,712.04 MfSCELLANEOUSCREDIT
48,177.68 WIRE TRANSFERDEPOSIT
37,500.00 WIRE TRANSFERDEPOSIT
10,000,000.00 WIRETRANSFERDEPOSIT
Page 1 or 3 Deposils are FDIC Insured
@
.... -....
Lf;HDA
778Z 001 01 30 093008 PACE 1 0 f 3 COLR1328 7321 3200 01AA71BZ
Restricted For Use in Connection with Plan Confirmation Only
Highly Confidential - Attorneys Eyes Only Restricted to EC
WGM 00008401
P.O. BOX 2395
CHATSWORTH, CA 913132395
WASHINGTON MUTUAL INC
ATTN: 5T JOHN
1301 2ND AVE 1# WMC1411
s::ATIlEWA 981012005
This Statement Covers
From: 09/01/08
09/30/0B
Need assistance?
To roach us anytime
call 1-8007887000
or vlsl us al _mu.com
9 regarding Important Information about I'ho,nn'"''10 your deposit accounts and
utual In
WASHINGTON MUTUAL INC Account Number: 179-165066-7
Washington Mutual Bank. FA
Bectronic & Misc. Deposits +615,444,052.72
0.00
-4,893.105,517.68
0.00
Card Purchases/ATM Withdrawals
Bectronic & Misc. Withdrawals
Checks Paid
09/02
09/03
09/03
09/04
09105
09/09
09/10
09/12
09112
09/15
09/18
09118
09/18
09/19
1,080.61 WIRE TRANSFER DEPOSIT
11,024.44 WIRETRANSFERDEPOSIT
7,004.31 WIRE TRANSFER DEPOSIT
2,423.75 WIRE TRANSFER DEPOSIT
3,810,000.00 WIRE TRANSFER DEPOSIT
5,125,000.00 WIRE TRANSFER DEPOSIT
103.89 WIRE TRAN SFER DEPOSIT
167,386.65 WIRE TRANSFER DEPOS1T
5,266,361.00 WIRE TRANSFER DEPOS1T
318,260.96 WIRE TRANSFER DEPOSIT
849,376.57 WIRE TRANSFER DEPOS1T
1,775,712.04 MISCELLANEOUSCREDIT
48.177.68 WIRE TRANSFER DEPOSIT
37,500.00 WIRE TRANSFER DEPOS1T
10,000,000.00 WIRE TRANSFER DEPOSIT
n
o EM-5-B3 Page 1 of 3 Deposils are FDIC Insured
001 07 30 093009 PACE 1 or 1 3200 01AA71B2
Number
Return
This Statement Covers
Account Nurn be r: 1791650667
From: 09/01108
Through: 09/30/08
Electronic & Miscellaneous Deposits
Amount Description
ElectronIc & Miscellaneous Withdrawals
177,000,000.00 BOOK TRANSFERCREDIT
145,000,000.00 BOOK TRANSFER CREDIT
.145,160.97 WIRE TRANSFERDEPOSIT
22,497,553.85 WIRE TRANSFER DEPOSIT
5,500.00 WIRE TRANSFERDEPOSIT
8,849,902.00 WIRE TRANSFER DEPOSIT
99,999,999.00 S1R2 TREAS220 MISC PAY9116537252009292
99,999,999.00 S1R2 TREAS 220 MISC PAY911653725200929 2
34,526,526.00 51 R2 TREAS220 MISC PAY 911653725200929 2
$515,444,052.72
3,810,000.00 BOOK TRANSFER DEBIT
5,125,000.00 BOOK TRANSFER DEBIT
3,002.57 MISCelLANEOUSDEBIT
70,000.00 IRS USA.TAXPYMT 220865300699212
500,000,000.00 BOOK TRANSFER DEBIT
614,326.45 MISCELLANEOU$DEBIT
58,652.00 MIOCBlANEOUSDEBIT
112,923.51 MISCElLANEOUSDEBIT
167,386.65 BOOK TRANSFERDEBIT
59,416,600.00 DOMESnC OUTGOING WIRE
5,055,600.00 DOMESTIC OUTGOING WIRE
19,168,800.00 DOMESTIC OUTGOING WIRE
238,489,257.00 BOOK TRANSFERDEBIT
27,318,823.00 BOOKTPANSFERDEBIT
3,669,654.36 DOMESTIC OUTGOING WIRE
797,072.50 BOOK TRANSFERDEBIT
17,205,753.61 MISCElLANEOOs DEBIT
398.65 BOOK TRANSFERDEBIT
5.000.00 BOOK TRANSFERDEBIT
270,104.885.03 DOMESTIC OUTGOING WIRE
999.999.999.00 MISCELlANEOUSDEBIT
999,999.999.00 MISCB..LANEOUS DEBIT
999,999,999.00 MISCEllANEOUSDEBIT
674,000,003.00 MISCEllANEOUSDEBIT
9,392,500.00 DOMESTIC OUTGOING WIRE
2,848,399.06 DOMESTIC OUTGOING WIRE
49,638.000.00 DOMEsne OUTGOING WIRE
145,160.97 BOOK TRANSFER DEBIT
37,500.00 BOOKTRANSFERDEBIT
60,000.00 DOMESTlC OUTGOING WIRE
5,500.00 BOOK TRANSFER DEBIT
1,681,646.07 MISC8.LANEOUSDEBIT
4,101,278.69 MISCELLANEOUS DEBIT
2,197.56 WA ST D.O.R EX DTC 0000021262
$4,893.105.517.68
Card
Number
Description Amount Dale
09/19
09/19
09122
09/23
09/23
09/24
09/30
09/30
09/30
24 Items
Data
09/05
09/05
09/09
09/09
09/10
09/11
09(11
)
09/11
09/11
09/15
09115
09/15
09/15
09115
09117
09/18
09/18
09/18
09/19
09/19
09119
09/19
09119
09/19
09/22
09/22
09/22
09123
09/23
09/23
09/24
09/25
09/25
09/26
34ltems
)
Page2of3
@
Deposits are FDIC Insured tThDEii
1782 NkGA 001 07 30 093008 P...GE 2 0 f 3 COlR1J28 1321 3200 01......1182
Restricted For Use in Connection with Plan Confirmation Only
Highly Confidential - Attorneys Eyes Only Restricted to EC
WGM 00008402
WaMu
17112
Dalo
09/19
09/22
09/23
09/23
09/24
09/30
09/30
09/30
24/tems
Date
09/05
09/05
09/09
09/09
09/10
09/11
09/11
09/11
09/11
09/15
09/15
09/15
09/15
09/15
09/17
09/18
09/18
09118
09/19
09/19
09119
09/19
09119
09/19
09122
09/22
09122
09123
09/23
09123
09/24
09/25
09/25
09/26
34 Items
BOO K TRAN SFER CREDIT
.145,160.97 WIRE TRANSfER DEPOSIT
22,497,553.85 WIRE TRANSFER DEPOSIT
5,500.00 WIRE TRANSfER DEPOSIT
8,849,902.00 WIRE TRANSfER: DEPOSIT
99,999,999.00 S1R2 TREAS 220 M ISC:: PAY 9116537252009292
99.999,999.00 SlR2 TREAS 220 M ISC:: PAY 911653725200929 2
34,526,526.00 51 R2 TREAS 220 M ISC PAY 911653725200929 2
SIl1 5,444,052. 72
3,810,000.00 BOOK TRANSFER DEBIT
5,125,000.00 BOOK TRAN SFER DEBIT
3,002.57 MISCELLANEOUS DEBIT
70,000.00 IRS USA TAXPYIIII T 220865300699212
500,000,000.00 BOOK TRANSFER DEBIT
614,326.45 MISCELLANEOUS DEBIT
58,652.00 MISCEllANEOUSDEBIT
112,923.51 MISCELLANEOUS DEBIT
167,386.65 BOOK TRANSFER DEBIT
59,416,600.00 DOMESTIC OUTGOING WIRE
5,055,600.00 DOMESTIC OUTGOING WIRE
19,168,BOO.00 DOMESTIC OUTGOING WIRE
238,489,257.00 BOOK
27,318,823.00
3.669,654.36 DOMESTIC OUTGOING WIRE
797,072.50 BOOK TRAN SFER DEBIT
17,205,753.61 MISCB..LAN EO Os DEBIT
398.65 BOOK TRAN SFER DEBIT
5,000.00 BOOK TRANSFER DEBIT
270,104,885.03 DOMESTIC OUTGOING WIRE
999,999,999.00 MISCB..l.ANEOUSDEBIT
999,999,999.00 M ISCElLAN EOUS DEBIT
999,999,999.00 MISCELlANEOUSDEBIT
674.000,003.00 M ISICELLAN EO US DEBIT
9,392,500.00 DOMESTIC OUTGOING WIRE
2.848,399.06 DOMESTIC OUTGOING WIRE
49,638,000.00 DOMEsnC OUTGOING WIRE
145,160.97 BOOK TRANSFER DEBIT
37,500.00 BOOKTRANSFERDEBIT
60,000.00 DOMEsnC OUTGOING WIRE
5,500.00 BOOK TRANSFER DEBIT
1,681,646.07 MISICELLANEOUSDEBIT
<4.101 ,218.69 M I SCELLAN EO US DEBIT
2,197.56 WA ST D.O.R EX DTC 0000021262
$4,893,105,517.68
Page2of3
This Statement Covers
Account N urn be r: 179-165066-7
From: 09/01108
Through: 09/30/08
Number
are FDIC Insured
001 01 30 O9J008 PAGE 2 "f J COUI1J28 7321 3200 0111111182
Return
[!jWaMu
J
This Statement Covers
Account Number: 179-165066-7
From: 09/01/08
Through: 09/30/0B
__ r=y---;::-=-;::=-:-;:=........ .......=;_::;;......._:;;;_'I
Average Collected Balance $2,551.511,238.78 Minimum Dally Ending Balance $4,221,989.49
Checks Deposited 0 Cash Deposited $0.00
Number of Deposits 24 Cash Purchased $0.00
Clecks/Debits 0
Your Overdraft Umlt as of the statement end date: $1,000.00
Please note that this may be changed Bt eny time wilhout notice. CtIlow back o( statement for moro informalfon.)
Notice of Change In Terms
Bfecllve October 1, 2008, the address for deposits (other than deposit contributions to a R:!tlrement or CoverdeJl Education
Savings Account) and payments for any Business Overdraft Una of Credit sent by maills P.O. Box 659588, san Antonio, 1)(
78265-9588. Use of any other address can resullin loss or delayed processing.
J
)
Page 3 of 3 Deposits are FDIC Insured
LEHlIER
1182 NUGR 001 01 30 093008 PAGE 3 of 3 COLR732B 7321 3200 01AA1782
Restricted For Use in Connection with Plan Confirmation Only
Highly Confidential - Attorneys Eyes Only Restricted to EC
WGM 00008403
)
WaMu
H82
Balance
Checks
Number of Deposits
Checks/Debits
This Statement Covers
Account Number: 179165066-7
From: 09/01/08
09/30/0B
$4,221,989.49
$0.00
$0.00
Your Overdraft Umllll5 of the stalement end dale: $1,000.00
Please note that this may be changed at ony time without notice. !VIew back of statement for more information.)
Notice of Change In Terms
8fective October 1, 2008, tho address for than contributions to a retirement or Coverdell Education
Savings Account) and any Business Una of Credit sent maills P.O. Box 659588, San Antonio, 1)(
78265-9588. Use of any other address can resull in loss or delayed processing.
Page 3 of 3 Deposits are FDIC Insured
NIICIII 001 01 30 0930011 OOLR7326 7321 3200 01AA118Z
Return
P.O. BOX 2395
CHAThWORTli. CA 91313-2395
WASHINGTON MUTIJAllNC
AnN: TREASURYACCTGlLULU ST JOHN
13012NDAVE#WMC1411
SEATILEWA 981012005
This Statement Covers
From: 08101/08
Through: 08/31/08
Need assistance?
To reach us anytime
call 1-800-788-7000
or yfsit us at wamu.oom
Washington Mutual Internal Checking Detail Information
WASHINGTON MUTUAL INC Account Number: 179165066-7
Washington Mutual Bank, FA
29,613.00 Cust amer Deposit
$29,613.00
.J
BegInning Balance
Deposits
Electronic &MIse. Deposits
Card Purchases'ATM Withdrawals
Bectronic & Misc. Withdrawals
Checks Paid
:5ervice Fees
Ending Balance
Amount
Account Summa
$3,941,291,473.69
+29,613.00
+707,687,666.24
0.00
-107,279,101.92
0.00
0.00
$4,541,729,651.01
Deposits
Dascrlptlon
Date Amount
Electronic & Miscellaneous Deposits
Description Card
Number
08104 1,366.72 WIRE TRANSFERDEPOSIT
08/04 2,440.83 WIRE TRANSFERDEPOSIT
08104 13,424.52 WIRE TRANSFER DEPOSIT
08104 4,900.49 WIRETRANSFERDEPOSlT
08/04 100,000.00 WIRE TRANSFER DEPOSIT
08/05 100,000.00 WIRE TRANSFERDEPOSIT
08106 131.34 WIRE TRANSFERDEPOSIT
08/07 6,100,000.00 WIRE TRANSFER DEPOSIT
08/07 28,000.00 WIRETRANSFERDEPOSIT
08107 25,000.00 WIRE TRANSFERDEPOSIT
08107 5,755,000.00 WIRETRANSFERDEPOSlT
08/07 535,094.92 MISCELLANEOUSCREDIT
\
oEM-5-ro Page 1 of 3 Deposits are FDIC Insured
@
....-
LENDER
7762 NtfGR 001 01 J1 0113106 PAGE 1 of J COLR1J26 132 \ 3200 0 lAA7762
Restricted For Use in Connection with Plan Confirmation Only
Highly Confidential - Attorneys Eyes Only Restricted to EC
WGM 00008404
WaMu
P.O. BOX 2395
CHATSWORTH. CA 91313-2395
WASHINGTON MUTUAL INC
AnN: TREASURY ACCTGlLULU Sf JOHN
13012NDAVE#WMC1411
SEATTLE WA 981012005
utual Internal C
WASHINGTON MUTUAL INC Account Number: 1791650667
Washington Mutual Bank, FA
Electronic & MIse. Deposits
Card Purcl1aseslATM Withdrawals
Electronic & Misc. Withdrawals
Checks Paid
Ending Balance
1 Item $29,613.00
Amount
+707,687,666.24
0.00
-107,279,101.92
0.00
08/04 1,366.72 WIRE TRANSFER DEPOSIT
08104 2,440.63 WIRE TRAN SFER DEPOSIT
08104 13,424.52 WIRE TRANSFER DEPOSIT
08/04 4,900.49 WIRETRANSFERDEPOSlT
08/04 100,000,00 WIRE TRANSFER DEPOSIT
08105 100,000.00 WlRE TRAN SFER DEPOSIT
08106 131,34 WIRE TRANSFER DEPOSIT
08/07 6.100,000.00 WIRE TRANSFER DEPOSIT
08/07 28,000.00 WIRETRANSFERDEPOSIT
08107 25.000.00 WIRE TRANSFER DEPOSIT
08107 5.755,000.00 WIRETRANSFERDEPOSIT
08/07 535,094.92 MISCELLANEOUS CREDIT
\
This Statement Covers
From: 08101/08
Through: 08/31/08
Need assistance?
To reach us anytime
call1..aOO7887000
or visit us al wamu.com
ion
Number
o EM-S-B3 Page 1 of 3 Deposits are FDIC Insured
001 01 31 003108 PAGE 1 of 3 COlR1J1B 7321 3200 01AA71B2
Return
This Statement Covers
Account Nurn ber: 179-165066-7
From: 08/01/08
Through: 06131/06
Electronic & Miscellaneous DeposIts
Date Amount Description Card
Number
)
)
..'
08107
08108
08108
08108
08/08
08112
08112
08/12
08112
08113
08114
08114
08114
08114
08115
08115
08119
08119
08120
08121
08128
08129
08129
3511ems
Date
08101
08101
08101
08101
08/04
08106
08107
08107
08108
08111
08111
06111
08112
08112
08114
08114
08114
08/15
08115
08115
08118
08120
08121
08121
08125
08126
100,000.00 WIRE TRANSFERDEPOSIT
2,100,000.00 WIRE TRANSFERDEPOSIT
2,965,000.00 WIRE TRANSFER DEPOSIT
32,230,408.90 WIRE TRANSFERDEPOSIT
5,868,920.00 WIRE TRANSFERDEPOSIT
2,420,000.00 WIRE TRANSFERDEPOSIT
1,670,000.00 WIRE TRANSFERDEPOSIT
111.83 WIRE TRANSFER DEPOSIT
2,094,190.00 WIRE TRANSFER DEPOSIT
912,649.64 WIRE TRANSFER DEPOSIT
19,700,000.00 WIRE TRANSFER DEPOSIT
103.53 WIF; TRANSFERDEPOSIT
319,239.88 WIRE TRANSFER DEPOSIT
757,803.27 WIRE TRANSFER DEPOSIT
4,404,600.00 WIRE TRANSFER DEPOSIT
398,661.53 WIRE TRANSFER DEPOSIT
600,000,000.00 BOOK TPANSFERCI'EDIT
53,120.03 WIRE TRANSFER DEPOSIT
3,025,682.98 WIF; TRANSFERDEPOSIT
666,769.26 MISCBJ.ANEOUS CREDIT
138,284.21 WIRE TRANSFER DEPOSIT
5,100,973.68 MISCBJ.ANEOUS CREDIT
10,095,588.68 MISCEl.1J\NEOUS CREDIT
$707.687,666. 24
Electronic & Miscellaneous Withdrawals
Amount Description
15,453,125.00 DOMESTIC OUTGOING WIRE
5,757,332.43 PC INITIATED OUTGOING WIRE
200,000.00 PC INITIATED OUTGOING WIRE
90,000.00 PC INITIATED OUTGOING WIRE
140,000.00 PC INinATED OUTGOING WIRE
100,000.00 PC INI1lATED OUTGOING WIRE
3,151.05 MI&:H1ANEOUSDEBIT
1,805,099.83 MISCEl.1J\NEOUSDEBIT
200,000.00 PC INITtATED OUTGOINGWIRE
110,000.00 PC INITIATED OUTGOING WIRE
192.01 DOMESTIC OUTGOING WIRE .
32,230,408.90 BOOK TRANSFER DEBIT
1,690,000.00 PC INinATEO 0 UTGOINGWIRE
7,615,000.00 PC INITIAlED OUTGOING WIRE
1,431,922.60 MI9:ELLANEOUSDEBIT
2,573,609.62 MI9:ElLANEOUS DEBIT
58,652.00 MI9:ElLANEOUS DEBIT
16,893,325.59 DOMESTIC OUTGOING WIRE
13,521.90 DOMEsnC OUTGOING WIRE
757,803.27 BOOK TRANSFERDEBIT
397,500.00 BOOK TRANSFER DEBIT
53,120.03 BOOK TRANSFER DEBIT
3,025,682.98 BOOK TRANSFERDEBIT
4,194,820.96 MISCELLANEOUS DEBIT
9,938,225.00 DOMESTIC OUTGOING WIRE
2,518,582.82 DOMESTIC OUTGOING WIRE
Page 2 of 3 Deposits are FDIC Insured
@
....-
LNDER
7782 NNGR 001 01 31 083108 PAGE 2 or 3 COLR1328 1]21 3200 01"""1782
Restricted For Use in Connection with Plan Confirmation Only
Highly Confidential - Attorneys Eyes Only Restricted to EC
WGM 00008405
WaMu
1182
Date
07
08/08
08/08
08108
08/08
08/12
08/12
08/12
08112
08113
08114
08114
08114
08114
08115
08115
08119
08119
08120
08121
08128
08129
0B/29
3SI/ems
Date
08101
08101
08101
08101
08104
08106
08107
0B/07
08108
0BI11
0B/11
08111
08112
0B/12
08114
08114
08114
08115
08115
08/15
08118
08/20
08/21
08121
08125
08/26
NNGR
Amount
319,239.88
757,B03.27
4,404,600.00
398,661.53
600,000,000.00
53,120.03
3,025,682.98
666.769.26
138,284.21
5,100,973.66
10,095,588.68
$707,687,666. 24
Amount
15,453,125.00
5,757,332.43
200,000.00
90,000.00
140,000.00
100,000.00
3,151.05
1,805,099.83
200,000.00
110,000.00
192.01
32,230,408.90
1,690,000.00
7,615,000.00
1,431,922.60
2,573,609.62
58,652.00
16.893,325.59
13,521.90
757,803.27
397,500.00
53,120.03
3,025,682.98
4,194,820.96
9,938,225.00
2,518,582.82
DOMESTIC OUTGOING WIRE
PC INITIATED OUTGOING WIRE
PC INIllATED OUTGOING WIRE
PC INITIATED OUTGOING WIRE
PC INIllATED OUTGOING WIRE
PC INIllATED OUTGOING WIRE
MISCELLANEOUS DEBIT
MISCELLANEOUS DEBIT
INI11A lED OUTGOING WIRE
PC INITIATED OUTGOING WIRE
DOMESTIC OUTGOING WIRE .
BOOK TRANSFER DEBIT
PC INIllA TED OUTGOING WIRE
PC INITIAlED OUTGOING WIRE
MISCELLANEOUS DEBIT
MISCELLANEOUS DEBIT
MISCELLANEOUS DEBIT
DOMESTIC OUTGOING WIRE
DOMESllC OUTGOING WIRE
BOOK TRANSFER DEBIT
BOOK TRANSFER DEBIT
BOOK TR.A.NSFER DEBIT
BOOK TR.A.N SFER DEBIT
MISCELLANEOUS DEBIT
DOMESTIC OUTGOING WIRE
DOMESTIC OUTGOING WIRE
Page 2 of 3
This Statement Covers
Account N urn ber: 1791650667
From: 08101/08
06/31/06
Card
Numbar
Deposits are FDIC Insured LENDER
OCl1 111 31 083108 PAGE l or 3 COLR1l211 13Z 1 3100 IlllIA Hlll
Return
)
Electronic & Miscellaneous Withdrawals
Amount Description
28,025.93 WA ST D.OR EX DIC 0000021262
$107,279,101.92
This Statement Covers
Account Number: 179-1650667
From: 08101/08
Through: 08131108
)
--;:;;:-;:;::-:::-=:-7':;-:::-;:;-;:-J1
Average Collected Balance $4,190,036,n9.61 Minimum Daily Ending Balance $3,919,773,148.82
Checks Deposited 1 Cash Deposited $0.00
Number of Depos/ls 36 Cash Purchased $0.00
Checks/DebUs 0
Your Overdrafl Umll as of the statement end date: $1.000.00
Please note that this may be changed B/ My time without not/{;{i. (View back 0' statement 'or mora Information.)
Page 3 of 3 Deposits are FDIC Insured
LlENDER
7102 NNGR 001 07 31 083108 PAGE 3 or 3 COlR7J20 7321 3200 OIM7702
Restricted For Use in Connection with Plan Confirmation Only
Highly Confidential - Attorneys Eyes Only Restricted to EC
WGM 00008406
WaMu
1192
27 Items
Checks DCJ)osiited
Number of
ChecksfDebiis
$107,279,101.92
anoe
Account
,190,036,779.61
1
36
o
Your 01lefdrafl Umll as of the iSltalemenl end dale: S1.IlOO.OO
Cash Deposited
Cash Purchased
This Statement Covers
Account Numbor: 179-1650661
From: 08101/08
Through: 08131/08
Balance .919.773,148.82
$0.00
SO.OO
Please note thaI 'hi:; may bo changed at !lilly time without notice. (\IiIllW bllQt or statemlllnt fOf moto Information.)
Page 3 of 3 Deposits are FDIC Insured
IIINGR 001 111 31 0113108 PAGE 3 or J COI.R1Jla HZ1 3200 OIM 1182
Return
Restricted For Use in Connection with Plan Confirmation Only
Highly Confidential Information
WGM_00038641
2123108881
IO'Ra than.pQ-jktl-@woU.cotn
nVEMAIL
WElL, GOTSHAL & MANGES LLP
767 FirtH AveNUE' NEW YOR/(. NY /01530119
(1 I 7) 31 o 8000
FAX, (111) 110B007
September 19. 2008
Stewart M. Landefeld, Esq.
Executive Vice President & Interim Chief Compliance Officer
Washington Mutual, Inc.
1301 Second Avenue, WMC330
Seattle, W A 98101
Dear Stewart:
This will confirm Weil, Gotshal & Manges LLP's ("WG&M's")
engagement to represent Washington Mutual, Inc. (the "Company,") in the matters
described below (the "Engagement").
Scone of the Engagement
The Engagement will consist of evaluation of strategic options and
possible restructuring of the Company.
Fees and Expenses
The Company will be charged for WG&M's professional services at the
firm's regular hourly rates then in effect for the attomeys or paralegals working on the
Engagement. Currently, WG&M's billing rates range between $155 (for paralegals) and
$950 per hour, depending upon the level of seniority and expertise of the particular
attorney or paralegal involved. We will notify you of changes in billing rates within a
reasonable period of time. If you desire, we wi]) send you a schedule of our hourly
billing rates.
All statements for services rendered will set forth the time expended ill
rendering WG&M's services, describe those services, and, if requested, will specify the
NY I :11 S195981D1\x%TQO II DOCW998/).U025
AU5JlU
.sCHOH
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aUOAPlH
OJ,LLAS
rp.>4HT.TVJH
H'OUsrOH
tONOON
MiAMt
MUNICU
,.AId$
... IfAGUE
SHANGHAI
StUCON VAttEY
WAASAW
WASHINGTON, D.C.
Return
Restricted For Use in Connection with Plan Confirmation Only
Highly Confidential Information
WGM_00038642
WElL, GOTSHAL & MANGES LLP
Stewal1 M. Landefeld, Esq.
Washington Mutual, Inc.
September 19, 2008
Page 2
name of the individual who rendered the services during the particular period and that
person's hourly billing rate.
In addition, the Company will reimburse WG&M for all expenses incurred
in connection with the services rendered. We will itemize all categories of reimbursable
expenses as part of our statement. For your information, we are enclosing our fee and
disbursement policy. We also may forward to you, for direct payment by the Company,
certain invoices or charges ( ~ , expert fees, court reporter charges, corporate filing fees,
etc.) received by us from third parties acting for the Company's benefit. The Company
shall be respollSible for making these direct payments in a timely mamlcr.
To the extent feasible, the Company will be billed monthly for services
rendered by us and expenses incurred by us. Please review our statements as soon as you
receive them and promptly raise any questions that the Company may have. If the
Company does not do so, we will assume that the Company accepts the statemellts as
presented. Upon receipt of each of our statements, the Company shall promptly remit the
amount due us.
Retainer
In order to assure the Company of WG&M's continued availability to
represent it, the Company will promptly remit to us an initial retainer of $350,000, to be
applied against WG&M's fees and as an advance against expenses ("Retainer").
If, at the end of the Engagement, the amount remaining in the Retainer
exceeds the outstanding balance of our fees and expenses, we will refund the unused
portion. To the extent WG&M's aggregate charges have reduced, or are about to
exhaust, the Retainer, at our request the Company will promptly remit an additional
Retainer in the amount set forth above, or as we may otherwise consider reasonably
necessary.
Conflicts Waiver
This firm is a general service law firm that the Company recognizes has
represented. now represents, and will represent numerous clients (that may include,
without limitation, the Company's or its affiliates' debtors, creditors, and direct
competitors) nationally and intemationalIy, over a wide range of industries and
businesses and in a wide variety of matters. The Company also specifically recognizes
that this firm may represent the Company's or its affiliates' adversaries, including the
adversary in the Engagement, in matters not substantially related either to the
Return
Restricted For Use in Connection with Plan Confirmation Only
Highly Confidential Information
WGM_00038643
WElL, GOTSHAL& MANGES UP
Stewart M. Landefeld, Esq.
Washington Mutual, Inc.
September 19,2008
Page 3
Engagement or to other legal services that WG&M has rendered, is rendering, or in the
future may render to the Company or any affiliate ("Allowed Adverse Representations").
As an example, when WG&M's financial restructuring and bankruptcy practice
represents an entity in financial distress, WG&M could be called upon to act adversely to
certain ofthat entity's numerous creditors, equity interestholders, or other parties in
interest that may also be the firm's clients in unrelated matters. Thus, without a binding
conflicts waiver, of interest might arise that could deprive the Company or other
clients of the right to select WG&M as their counsel.
Therefore, as an integral part of the Engagement, the Company agrees that
WG&M may, now or in the future, represent other clients in Allowed Adverse
Representations. This agreement allows WG&M, among other things, to serve as
counsel in litigation adversely to the Company or any affiliate on matters that are not
substantially related to (a) the legal services that WG&M has rendered, is rendering, or in
the future will render to the Company under the Engagement and (b) other legal services
that WG&M has rendered, is rendering, or in the future will render to the Company or
any affillate.
The Company also agrees that it will not, for itself or any other entity or
person, assert that either (a) WG&M's representation of the Company or any affiliate in
any past, present, or futW'e matter or (b) WG&M's actual, or possible, possession of
confidential information belonging to the Company or any affiliate is a basis to disqualify
WG&M from representing other clients in Allowed Adverse Representations. The
Company further agrees that Allowed Adverse Representations do not breach any duty
that WG&M owes to the Company or any affiliate.
This will also confirm that WG&M has not been asked to, and does not by
undertaking this Engagement agree to, (n) establish an attorney-client relationship with,
or (b) provide individual legal advice to, any entities affiliated with the Company, or their
or the Company's individual directors, officers, employees, or shareholders. WG&M
will establish an attomey-client relationship with, and provide legal advice to, these
entities or individuals only if WG&M is asked and specifically agrees to do so in writing.
WG&M may cease providing services to the Company and terminate this
Engagement as may be permitted by the applicable ethics rules or codes in effect at the
time of termination, or by order of a court or other tribunal. The Company may terminate
this Engagement at any time, but doing so, or termination by WG&M as provided in the
Return
Restricted For Use in Connection with Plan Confirmation Only
Highly Confidential Information
WGM_00038644
WElL. GOTSHAL& MANGES UP
Stewart M. Landefeld. Esq.
Washington Mutual, Inc.
September 19,2008
Page 4
preceding sentence, does not relieve the Company from any obligation arising during the
Engagement, including the obligation to pay our fees and disbursements and any Retainer
when due.
This agreement will continue in effect after WG&M's representation of
the Company has ceased. Once the Engagement has concluded, however, WG&M wiH
have no responsibility to inform the Company about changes in the law that affect advice
or opinions that WG&M has previously provided.
The laws of the State of New York alone (including all rules or codes of
ethics which apply to the providing of legal services), and without regard to its conflict of
law rules, shall govern this agreement and its interpretation. Any dispute relating to this
Engagement shall be decided exclusively by a state or federal court sitting in New York
County without a jury. Both we and the Company consent to the jurisdiction of these
courts and waive any right to a jury trial.
The Company acknowledges that WG&M is undertaking this Engagement
in reliance upon the Company entering into this agreement.
Finally, this agreement will also apply to all future matters in which
WG&M represents the Company for 12 months from the date of this agreement or for the
duration of this engagement, whichever is later, excepl that we will confirm in writing the
specific scope of our engagement for each future matter and the modification for that
matter, if any, to our retainer.
Please review this agreement. If the foregoing is in accord with your
understanding of our agreement with the Company, please execute the enclosed copy of
this letter, being sure to provide the Company's taxpayer identification number in the
space provided therefore, and return it to us with a check for any applicable Retainer. or
Return
Restricted For Use in Connection with Plan Confirmation Only
Highly Confidential Information
WGM_00038645
WElL, GOTSHAL & MANGES LLP
Stewali M. Landefeld, Esq.
Washington Mutual, Inc.
September 19,2008
Page 5
We are pleased to be of service in this matter, and we assure you of our
continuing desire to be of service in the future.
AGREED TO AND ACCEPTED
-!
/.,) .', '''-.,
U han D. Polkes---..........
this day of September, 2008
STEWART M. LANDEFELD
By:
Stewart M, Landefeld
-----------_._--
Return
WMMRIC
Item
WM Mortgage Reins
Beginning Balance 238,747,640
Taxable Income/(Loss)
Net Taxable Income/(Loss)
Tier-Up Adjustment
Ending Balance
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WGM_00038646 Return Return
DRAFT For Discussion Purposes Only
PRIVILEGED AND CONFI[)fIl\lTIAl- PREPARED AT THE REQUEST OF COUNSEl IN ANTICIPATION OF LiTIGATION
SU8JECT TO ATIOR.NYOJNT AND WORK PRODUCT PlRlVitEGES
E,timated Ta. Refund
Washington Mutual, Inc, Subsidiaries
Potential Tax Items
E,tlmated
Type ofTa:.: Type of (lalm T.axYear{s) Estimated Amount Setilemefit D2Ite Interest
NormailOO8 Los:> CarrybaCK loss urryback Net of Adjustments 1,811,164,002 10/7/2010 2S,D49,8S6
Due 10 Extended NOl C",rrybilck Federal loss carryback Net of Adjustments 2,713,328,755 10/7/2010 65,639,712
feoJ!'fal Net Refund EstImated Payment for 2009 1008 2],687,622 10/7/2010 548,850
2009 R.e-fund f .. der./l! Refund for 2009 1009 10,{)()(),OOO 10/30/2010
Tax Penalty" 2004 federal Abatement of PreVl0us!y Pald Periilfty 2004 9,927,843 10/7/1010 Vtlfi,599
2003 f .. 1Iure to Pay Penalty Ft'deral Reversal of Assessed PeMlty 2003 18,981.655 10/7/2010 4c 'l80,61B
Overp3vm<ent Federal Pot1!'ntHII R.efund Galm 2003 12,000,000 699,392
'1 1003 hx Refund (from Appeals Settlement) fedl!tral Refund Approved 2003 9/30/2010 24,911,708
12 2001-02 T ax (from Appuls Settlement) Federal Refund Approved 2001-2002 9/30/2010 97,490,841
Irweslme:nt BJlnker Fee-,; federal Deducted on Dime's Return 2001 3,026,907 3/31/2011 984,505
BllIndHt'lg fhght5 - SUPd!fVt:>ory GOOdW1H Refvnrl Claim
Qb!!g;fttOn redl!'ril! Refund C!.lIm 1997 10/30/2010 2,489,353
Obltgatkm f1!'dt'!ral Rt'fund Claim 1997 10/30/2010
0 1905 Agency Feder.! Refund Claim lJtlg;mtion 47,503.729 6/30/20U 40,060.251
Ahm;lim<on NOl uffyblld;: F<e>der<tl origmally suspended by pending br.ar:.chmg nghts ca'>d! 1993 & 8,059,025 10/30/2010 &,074,216
S.l:M,s<lS,IS6 391,.144,;350
Rt'f!.mds (Gross) 383,826,203 54,::>40,224
Potentt1l1 Off,>.et to Refunds (Of Ass..erted Staid! Tax UlIbdlt"'$ (220,070,430) (98,742,835)
",,_.s.m_
lGl,7SS,n3-
The st"l.e t.:ox rt'erund amounu above- !eprd!1ent refUrld b",fore all\{ offset for potentLillJ state tax 't'!xp05ure
15 based on Oul o'I1nJllysi'\. to d<lite If\ the (-all: It j$ subjf'ct to change bJ>$ed on future f111dmgs
Not Part ot hn;!ll
S-eWement
1,&27,394
Refund Arno\mi from FJ1)<lIi JRS
(2003 NCl R'fund)
!nduded In (2001"03 APpuls.
5,611.6-39 Ifldudt:'d Rule
Totar
1,336,213,859
.l,HS,%8,477
23,236,472
10,000.000
11,854,441
23,362,273
11,699,392
125,659,745
443,954,783
4,011,412-
243, 7al, 164
4,707,898
7,200,369
14,133,241
5,627,941,5<)6
433,366,427
(318,813,165)
11!;5S1,l6-2
S,146,$OO,""
AmOtlnt Collected
fOrt. 7, ::W-1O}
1,812,929,845
2,773)&34,144
23,193541
1l,an539
23,319,110
125,427,581
4,17G,S36,759
4lS,nS
',110,955,_
Amounts Are EstImates Subject to Change
Balance
23,284.014
5,134,31-4
10,.ooo,{J()(}
43,163
12,699,392
132,16::'
443,954,783
)43,7B1,164
7,200,369
87,563,980
85',110,741
(318,813,1650)
llg,134A37
'1$,!I4S.1J!5
1
R
e
t
u
r
n
WashingtonMutualInc.&Subsidiaries
NOLCarryforward
ForYearEndedDecember31,2009
TaxYearEnding OriginalNOL Ref 2008AuditAdjustments 20085yearNOLCarryback NOLCarryover
12/31/2003 2,043,586,135
12/31/2004 4,041,665,786
12/31/2005 1,981,578,624
12/31/2006 4,387,033,263
12/31/2007
12/31/2008 (32,532,067,854) PBC/ 2,334,421,634 12,453,863,808 (17,743,782,412)
12/31/2009 (88,339,553) (88,339,553)
Total (32,620,407,407) 2,334,421,634 12,453,863,808 (17,832,121,965)
Notes:
Adjustments:
1)ANOLmaybecarriedback2years,withtheexceptionofthe5yearNOLcarryback,andforward20years.
WGM_00038649
Return
WMMRC
EstimateofTaxBasisBalanceSheet
December31,2009(AdjustedforPaymentofLiab.toWMI)
Description BookAmount* TaxAdjustments** TaxBasis Comments
Assets:
InvestmentsHeldinTrust 455,602,679 (7,498,907) 448,103,772 RecognizeDTLforUnrealizedGainonInv.
Cash&Equiv. 1,302,097 1,302,097
FixedMaturitySecurities 6,641,436 6,641,436
AccruedInv.Income 4,367,163 4,367,163
PremiumsReceivable 4,015,068 4,015,068
TotalAssets 471,928,443 (7,498,907) 464,429,536
Liabilities:
Losses&LossAdj.Exp 256,425,831 (29,415,265) 227,010,566 NotDeductedforTaxNotaxliab
ContingencyReserve 91,452,188 (91,452,188) NotDeductedforTaxNotaxliab
LossesPayable 2,636,491 2,636,491
UnearnedPremiums 1,002,417 (200,483) 801,934 DTAforUnearnedPremiumLiab.Basislessthanbook
AccruedCedingCommisionExp 467,059 467,059
NotesPayabletoParent 12,510,871 (12,510,871) *** AssumesLiab.PaidwithTaxRec'blewhichisnotbooked.
AccountsPay&AccruedExp 44,886 44,886
364,539,743 (133,578,807) 230,960,936
Equity:
TotalShareholdersEquity 107,388,700 126,079,900 233,468,600
TotalLiabilities&ShareholdersEquity 471,928,443 (7,498,907) 464,429,536
* Per12/31/09AuditedFinancialStatements
** FromDetailSchedulesofDeferredTaxItemsprovided(reconciledtoNoteDComponentofDeferredIncomeTaxesof12/31/09FinancialStatementsgrosseduptoreflectbasisadjustments)
*** RemovedLiabilitywhichistobepaidwithtaxreceivablein2010.TaxReceivablereflectedaszeroonfinancialstatementsduetocollectibilityconcerns.
ComputedTaxGain(Loss)onAssetSaleatVariousPrices:
AssumedCashPrice 100,000,000 150,000,000 200,000,000
LiabilitiesAssumed 230,960,936 230,960,936 230,960,936
TotalProceeds 330,960,936 380,960,936 430,960,936
Less:EstimatedTaxBasisofAssets 464,429,536 464,429,536 464,429,536
NetTaxGain(Loss) (133,468,600) (83,468,600) (33,468,600)
WGM_00038650
Return
Exper t Repor t of St even Zel i n,
Bl ac kst one Advi sor y Par t ner s, L.P.
Washington Mutual, Inc.
October 26, 2010
PRIVILEGED AND CONFIDENTIAL
Prepared at the Request of Counsel
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Washi ngt on Mut ual , I nc .
1 Confidential
PRIVILEGED AND CONFIDENTIAL
Prepared at the Request of Counsel
Di sc l ai mer
This expert report (Expert Report) of certain assets of Washington Mutual, Inc. (WMI or the Debtors) has been prepared by Blackstone
Advisory Partners L.P. (Blackstone) solely for informational purposes using certain information provided by the Debtors, its legal and financial
advisors, and publicly available information (collectively, the Sources). Blackstone makes no representation or warranty, express or implied, as to
the accuracy or completeness of the information obtained from the Sources, and nothing contained herein is, or should be relied on as a promise or
representation, whether as to the past or the future. Blackstone has not independently verified information obtained from the Sources. The Expert
Report is not a proposal or a solicitation and is non-binding on all parties.
This Expert Report includes certain statements, estimates, and projections prepared and provided by the Sources with respect to, among other things,
the anticipated operating performance of the Debtors. Such statements, estimates, and projections reflect various assumptions by the Sources
concerning anticipated results that are inherently subject to significant economic, competitive, and other uncertainties and contingencies and have been
included solely for illustrative purposes. No representations, express or implied, are made as to the accuracy or completeness of such statements,
estimates, or projections or with respect to any other materials herein. Actual results may vary materially from the estimates and projected results
contained herein.
By accepting the Expert Report, each recipient agrees that Blackstone shall have no liability on any basis (including, without limitation, in contract, tort,
under United States or other countries federal or state securities laws or otherwise) for any representations, express or implied, contained in, or for any
omissions from, this Expert Report or any other written or oral communications transmitted to the recipient by or on behalf of the Debtors or Blackstone
in the course of the recipients evaluation of the Expert Report. The information contained herein has been prepared to assist the recipients in making
their own evaluation and does not purport to be all-inclusive or to contain all of the information that may be material.
The information and data contained herein are confidential and may not be divulged to any person or entity or reproduced, disseminated, or disclosed,
in whole or in part, except as required by applicable law or regulation, as requested by regulatory authorities, or with the consent of Blackstone.
This presentation is not intended to furnish legal, regulatory, tax, accounting, investment or other advice to any recipient. This presentation should be
reviewed by each recipient and its legal, regulatory, tax, accounting, investment and other advisors. Recipients should not regard it as a substitute for
the exercise of their own judgment.
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2 Confidential
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Tabl e of Cont ent s
Comparable Company Analysis 60
Reorganized WMI Financial Model Support 48
Steven Zelin Qualifications 46
Appendix 45
IV. Subscription Rights Valuation 43
(e) Reorganized WMI Valuation 382(l)(6) Value 41
(d)(ii) Adjusted Financial Model (Including NOLs) 37
(d)(i) Financial Model (Including NOLs) 33
(d) Reorganized WMI Valuation - DCF Analysis Including NOLs 31
(c) Reorganized WMI Valuation - NOL Valuation Summary 28
(b) Reorganized WMI Valuation - Precedent Transactions 26
(a)(ii) Adjusted Financial Model (Excluding NOLs) 22
(a)(i) Financial Model (Excluding NOLs) 18
(a) Reorganized WMI Valuation - DCF Analysis Excluding NOLs 15
III. Reorganized WMI Valuation Summary 12
II. Documents Reviewed by Blackstone 9
I. Introduction 3
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Prepared at the Request of Counsel
I . I nt r oduc t i on
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4 Confidential
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Prepared at the Request of Counsel
I nt r oduc t i on
f This Expert Report has been prepared by Steven M. Zelin and others under his supervision at Blackstone at the request of Washington Mutual,
Inc., et al. before the US Bankruptcy Court for the District of Delaware (Bankruptcy Court)
f Mr. Zelin is a Senior Managing Director in Blackstones Restructuring and Reorganization Group, an industry leader in providing advice to
debtors and creditors in large, complex restructurings
f Mr. Zelin will provide expert testimony regarding his opinion of the following assets of WMI (together the WMI Assets):
Valuation analysis of WMI as collectively reorganized (Reorganized WMI or the Company), which includes WM Mortgage
Reinsurance Company (WMMRC), WMI, and WMI Investment Corp., as of December 31, 2010
Valuation analysis of Reorganized WMIs net operating losses (NOLs) as of December 22, 2010
Valuation analysis of the Subscription Rights to the Rights Offering as contemplated in the Plan of Reorganization (the Plan) as of
December 31, 2010
f Mr. Zelins testimony is part of the services provided by the engagement of Blackstone by WMI. The compensation for such engagement
(1)
is as
follows:
A retainer fee of $500,000 earned upon Bankruptcy Court approval of Blackstones retention
An additional fee of $850,000 earned upon completion of Blackstones valuation
A monthly fee of $75,000 beginning on September 1, 2010, subject to approval by the Bankruptcy Court
Reimbursement of expenses incurred in connection with Blackstones retention and valuation
f In addition, Blackstone has been asked by the Company to represent it in the potential sale of the WMMRC asset. If the sale process
commences, compensation for the engagement is as follows:
A transaction fee of $2,000,000, payable upon the consummation of a sale, which includes a non-refundable $500,000 retainer fee
Reimbursement of expenses incurred in connection with advising on the sale
f Blackstones compensation is not contingent on the conclusions reached in this Expert Report and / or any outcome of any proceedings pending
before the Bankruptcy Court
I . I nt r oduc t i on
________________________________________________
(1) All terms used but not defined herein shall have the meanings ascribed to them in the Sixth Amended Joint Plan of Affiliated Debtors
Pursuant to Chapter 11 of the United States Bankruptcy Code, dated October 6, 2010.
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5 Confidential
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Prepared at the Request of Counsel
Gener al Bac k gr ound
f Mr. Zelin is a Senior Managing Director with Blackstone and has been with the firm in excess of twelve years, including nine years
as a Senior Managing Director
f Prior to joining Blackstone, Mr. Zelin was a Partner in the Restructuring & Reorganization Group of Ernst & Young LLP, having
been involved full time in restructuring advisory work since 1988
f Mr. Zelin has been named as one of the countrys leading restructuring advisors in each of the 2003 through 2010 K&A
Restructuring Register, a peer group listing of the top legal and financial advisors who practice in the United States
f Mr. Zelin received a BS in 1984 from the University at Albany, where he serves as a member of the School of Business Advisory
Board, and an MBA in Finance in 1991 from New York Universitys Stern School of Business where he serves as the Chairman of
the Deans Executive Board. Mr. Zelin is a Certified Public Accountant
f Some of Mr. Zelins most notable publicly disclosed assignments include:
I . I nt r oduc t i on
St even Zel i n Qual i f i c at i ons
f AbitibiBowater Corp.
f Aeromexico, S.A. de C.V. / Mexicana
Airlines, S.A. de C.V.
f American Axle & Manufacturing, Inc.
f Apex Silver Mines Limited
f Centaur LLC
f Delphi Corp.
f Enron Corp.
f Entergy New Orleans, Inc.
f Ferruzi Finanziaria S.p.A.
f Ford Motor Co.
f General Motors Corporation
f Goodyear Tire & Rubber Corporation
f Inacom Corporation
f Integrated Resources, Inc.
f Intrawest LLC
f Iridium LLC
f Jefferson County, Alabama
f Marvel Entertainment Group, Inc.
f The Pacific Lumber Company / Scotia
Pacific Company LLC
f R.H. Macy & Co.
f SemGroup, L.P.
f Vencor, Inc.
f Xerox Corp.
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6 Confidential
PRIVILEGED AND CONFIDENTIAL
Prepared at the Request of Counsel
Pr i or Test i mony
(1)
f AbitibiBowater Corp.
f American Banknote Corp.
f Apex Silver Mines Limited
f Audio Visual Services, Inc.
f Big V Supermarkets (ShopRite)
f Centaur LLC
f Enron Corp.
f Indesco Corporation
f Meridian Automotive Systems, Inc.
f The Pacific Lumber Company / Scotia
Pacific Company LLC
f Paragon Trade Brands, Inc.
f The Penn Traffic Company
f Safelite Glass Corp.
f SemGroup, L.P.
f Vencor, Inc.
Pr esent at i ons
f February 2010 NYU Stern School of Business guest lecturer regarding
restructuring trends
f January 2010 JPM high-yield conference, panel discussion regarding
restructuring trends
f April 2008 Debtwire Distressed Debt Forum regarding restructuring trends
f September 2007 Deutsche Bank high-yield conference, panel discussion
regarding restructuring trends
f February 2007 VALCON Conference regarding distressed hedge funds
f November 2006 NYU Distressed Investors Conference panel discussion
regarding automotive restructurings
f October 2006, October 2005, April 2004, October 2003 NYU Stern School
of Business guest lecturer regarding restructuring trends
f September 2005 Lehman hosted investors conference regarding the new
bankruptcy code
f March 2004 VALCON: The Conference on Bankruptcy Valuation,
presentation regarding valuation methodology in chapter 11
f May 2003 Morgan Stanley Equity Conference, presentation regarding
recent trends in commercial banks approach to restructurings
f March 2003 Lehman High Yield Conference, presentation regarding
energy industry restructuring trends
I . I nt r oduc t i on
St even Zel i n Qual i f i c at i ons (Cont d)
________________________________________________
(1) Testimony since 2001, including depositions and proffers.
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WashingtOD MUbla., Inc.
I. InUoducH n
Signature Page
PRIVILEGED AND CONFIDENTIAL
Prepared at the Request of Counsel
~ I reserve the right to supplement the opinions, analyses and conclusions presented in this expert report based on any
subsequently obtained information, including but not limited to, any objections, testimonies, reports of other experts and new
market information
.. I further reserve the right to create additional exhibits, as a p p r o P r i ~ p
Steven Zelin
Confidential
7
Senior Managing Director
Blackstone Advisory Partners L.P.
Date
_ Advisory Partners
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8 Confidential
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Prepared at the Request of Counsel
I . I nt r oduc t i on
Val uat i on Summar y
($ in millions)
125
115
165
145
$- $50 $100 $150 $200
Including NOLs
Excluding NOLs
f Discounted cash flow analysis and precedent transaction
analysis; assumes post-emergence net operating losses are
not available to shelter any Reorganized WMI taxable
income
f Same as above, however, assumes post-emergence net
operating losses are available to shelter any taxes payable
f Level of post-emergence NOLs assumes Company emerges
on or before December 22, 2010 or after January 1, 2011
Recommended Value Range Methodology
0.0%
0% 5% 10% 15% 20%
$100 million
of Subscription
Rights
Reorganized WMI
Subscription Rights
f Given the timing and amount of the potential NOLs,
Blackstone attributes no value to the Subscription Rights
f Should the Debtors emergence be delayed until next year,
the value of the Subscription Rights may change
Restricted for Use in Connection with Plan Confirmation Only Highly Confidential - Attorneys' Eyes Only Information.
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Confidential
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Prepared at the Request of Counsel
I I . Doc ument s Revi ewed by Bl ac kst one
Restricted for Use in Connection with Plan Confirmation Only Highly Confidential - Attorneys' Eyes Only Information.
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Washi ngt on Mut ual , I nc .
10 Confidential
PRIVILEGED AND CONFIDENTIAL
Prepared at the Request of Counsel
Doc ument s Revi ew ed by Bl ac k st one
I I . Doc ument s Revi ewed by
Bl ac kst one
Publ i c l y Avai l abl e Doc ument s
f WMI Disclosure Statement
f Plan of Reorganization
f Global Settlement Agreement
f Corporate filings (such as 10-Ks, 10-Qs, 8-Ks, and press releases) for comparable companies and companies involved in
precedent transactions
f Equity and industry research reports
f Tax cases (Briarcliff Candy Corp. v. Commr, 54 T.C.M. (CCH) 667 (1987).; Enbridge Energy Co. v. United States, 354
F. Appx. 15 (5th Cir. 2009).)
Doc ument s Rec ei ved f r om Debt or and Al var ez & Mar sal Nor t h Amer i c a, LLC ( Al var ez & Mar sal )
f WMMRC unaudited actual financial results through July 2010
f Monthly WMMRC financial forecasts through December 2019 assuming Companys post-emergence NOLs are available
to shield taxable income
f Monthly WMMRC financial forecasts through December 2019 assuming post-emergence NOLs are not available to shield
taxable income
f WMMRC Cash Flow Projection detailing minimum and withdrawal capital requirements
f WMMRC Cash and Investments Detail
f Captive Summary based on Cession Statements
(1)
as of July 2010 for each primary mortgage insurer
f Detailed book-by-book buildup of premiums, losses incurred, losses paid, and reserves for each primary mortgage insurer
f Historical book-by-book buildup of premiums from January 1997 March 2009 for each primary mortgage insurer
f WMMRC Fact Sheet and Organization Chart
________________________________________________
(1) Cession Statements are the periodic statements of premiums and the losses and expenses incurred under the reinsured policies, provided by the
primary insurer to a reinsurer.
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11 Confidential
PRIVILEGED AND CONFIDENTIAL
Prepared at the Request of Counsel
Doc ument s Revi ew ed by Bl ac k st one (Cont d)
I I . Doc ument s Revi ewed by
Bl ac kst one
Doc ument s Rec ei ved f r om Debt or and Al var ez & Mar sal (Cont d)
f Risk-in-force
(1)
and insurance-in-force
(2)
analysis comparing WMMRC to its peers based upon various loan metrics
f Estimate of worthless stock loss under scenarios assuming both pre-emergence and post-emergence triggers of worthless
stock deduction
f Washington Mutual, Inc. Recovery Analysis
f Washington Mutual, Inc. Claims Calculation
f Schedule of WMMRC investments for December 2009 and May 2010
f Unsolicited bids for WMMRC dated February and April 2009
Doc ument s Rec ei ved f r om Mi l l i man, I nc .
f WMMRC December 2009 Reinsurance Performance Metrics executive summary
f WMMRC draft and final December 2009 reinsurance performance metrics
f WMMRC draft and final December 2009 home loan forecasting exhibits
f WMMRC draft and final December 2009 WM II forecasting exhibits
f WMMRC draft December 2009 forecasting exhibits
f WMMRC draft March 2010 WM reinsurance performance metrics quarterly breakdown of losses and premiums
f WMMRC draft June 2010 WM reinsurance performance metrics forecasting exhibits
________________________________________________
(1) Represents the aggregate unpaid balances of loans insured multiplied by the amount of coverage of such loans.
(2) Represents the total amount of insurance outstanding.
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Prepared at the Request of Counsel
I I I . Reor gani zed WMI Val uat i on Summar y
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13 Confidential
PRIVILEGED AND CONFIDENTIAL
Prepared at the Request of Counsel
Reor gani zed WMI Val uat i on Summar y Dec . 31, 2010
(Ex c l udi ng Pr oc eeds of t he Ri ght s Of f er i ng)
I I I . Reor gani zed WMI Val uat i on
Summar y
Ex c l udi ng NOLs
($ in millions)
115
150
110
145
210
130
$75 $100 $125 $150 $175 $200 $225
Blackstone
Recommended
Value Range
Precedent
Transactions
Discounted
Cash Flow
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14 Confidential
PRIVILEGED AND CONFIDENTIAL
Prepared at the Request of Counsel
Val uat i on Appr oac h
I I I . Reor gani zed WMI Val uat i on
Summar y
Key Assumpt i ons
f Financial model provided by the Debtors (Financial Model) including NOL utilization dated September 21, 2010
f Financial Model provided by the Debtors adjusted to exclude NOL utilization
f Milliman actuarial analyses of premium income and loss payments used in the preparation of the Financial Model
f State of Hawaii regulatory requirements remain as set forth in the Financial Model
f Valuation prepared assuming effective date as of December 31, 2010
Appr oac hes
f Discounted Cash Flow
Analysis of projected dividend stream payable to holders of Reorganized WMI equity
z Based upon diligence with Milliman and Alvarez & Marsal, Blackstone considered in its valuation the impact of a
10% improvement in the level of loan loss reserves as forecasted by Milliman (the Adjusted Financial Model)
Discount rate estimates based upon:
z Weighted average cost of capital (WACC) based upon public comparable company analysis
z Blackstones judgment as to the returns required by acquirers of similar assets
f Precedent Transactions
Price-to-book multiples paid in precedent transactions of both run-off and going-concern portfolios for transactions of
comparable size to the WMMRC portfolio
f Comparable Companies
Given the size and the ongoing nature of the comparable company universe, a comparable company analysis was not
relied upon in determining the value of Reorganized WMI
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PRIVILEGED AND CONFIDENTIAL
Prepared at the Request of Counsel
(a) Reor gani zed WMI Val uat i on - DCF Anal ysi s Exc l udi ng NOLs
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16 Confidential
PRIVILEGED AND CONFIDENTIAL
Prepared at the Request of Counsel
Di sc ount ed Cash Fl ow Cal c ul at i on
(Ex c l udi ng NOLs)
(a) Reor gani zed WMI Val uat i on - DCF
Anal ysi s Exc l udi ng NOLs
($ in thousands)
2011 2012 2013 2014 2015 2016 2017 2018 2019 Total
Financial Model (Excluding NOLs)
Projected Dividend Stream (see page 19) $ $ $ $ 40,166 $ 20,874 $ 35,797 $ 49,925 $ 41,303 $ 61,828 $ 249,893
13% WACC Discount Factor
(1)
0.97 0.86 0.76 0.67 0.59 0.53 0.47 0.41 0.36
Present Value of Projected Dividend Stream 26,999 12,417 18,845 23,258 17,028 22,557 121,105
15% WACC Discount Factor
(1)
0.97 0.84 0.73 0.63 0.55 0.48 0.42 0.36 0.32
Present Value of Projected Dividend Stream 25,503 11,525 17,186 20,843 14,994 19,518 109,569
Adjusted Financial Model (Excluding NOLs)
Projected Adjusted Dividend Stream (see page 23) $ $ $ $ 41,998 $ 32,717 $ 41,653 $ 49,882 $ 47,576 $ 55,181 $ 269,008
13% WACC Discount Factor
(1)
0.97 0.86 0.76 0.67 0.59 0.53 0.47 0.41 0.36
Present Value of Projected Adjusted Dividend Stream 28,231 19,462 21,927 23,238 19,614 20,132 132,605
15% WACC Discount Factor
(1)
0.97 0.84 0.73 0.63 0.55 0.48 0.42 0.36 0.32
Present Value of Projected Adjusted Dividend Stream 26,666 18,064 19,998 20,825 17,272 17,419 120,244
Recommended Value Range 110,000
130,000
________________________________________________
(1) Per projections, assumes all dividends are paid in March of the corresponding year.
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Wei ght ed Aver age Cost of Capi t al
(I nf or mat i on as of Oc t ober 14, 2010)
($ in millions, except per share amount)
(a) Reor gani zed WMI Val uat i on - DCF
Anal ysi s Exc l udi ng NOLs
2-Year Average 5-Year Average
Net Market Net Debt/ Levered Unlevered Levered Unlevered
Company Name Description Debt Cap
(1)
Total Cap Beta
(2)
Beta
(3)
Beta
(2)
Beta
(3)
Distressed Insurers
PMI Group Inc.* Thrifts and Mortgage Finance $ (433.8) $ 678.5 NM 3.71 6.35 3.53 6.04
Radian Group Inc.* Thrifts and Mortgage Finance 1,265.9 1,184.5 51.7% 4.30 2.54 3.03 1.79
Genworth Financial Inc.* Insurance 6,421.0 6,395.6 50.1% 3.72 2.25 3.23 1.96
MGIC Investment Corp.* Thrifts and Mortgage Finance (1,134.6) 2,106.7 NM 3.54 5.44 3.11 4.78
MBIA Inc.* Insurance 15,512.9 2,605.4 85.6% 3.24 0.66 2.57 0.53
Diversified Insurers
AFLAC Inc. Insurance $ 516.0 $ 25,815.0 2.0% 1.87 1.85 1.72 1.70
Ameriprise Financial Inc. Insurance, other 3,726.0 12,612.7 22.8% 1.90 1.59 1.97 1.65
Lincoln National Corp. Insurance 2,264.0 8,004.3 22.0% 3.60 3.04 2.54 2.14
MetLife, Inc. Insurance 20,550.0 32,522.2 38.7% 2.61 1.85 1.80 1.27
Old Republic International Corp. Insurance 281.5 3,277.3 7.9% 1.35 1.28 0.91 0.86
Principal Financial Group Inc. Insurance 871.5 8,542.7 9.3% 2.62 2.46 2.87 2.69
Prudential Financial, Inc. Insurance 19,186.0 25,302.1 43.1% 2.63 1.76 2.40 1.61
Torchmark Corp. Insurance 1,086.1 4,413.0 19.7% 1.95 1.69 1.62 1.39
Unum Group Insurance 2,445.5 7,359.1 24.9% 1.82 1.50 1.72 1.42
Mkt. Cap Weighted Average 27.3% 2.48 1.96 2.10 1.68
*Distressed Insurers 46.6% 3.65 2.69 3.07 2.33
WACC - 2 Year Average WACC - 5 Year Average
Debt/
Assumptions Capitalization 1.86 1.96 2.06 2.23 2.33 2.43
10 Year U.S. Treasury Yield (at 10/14/10) 2.52% Total Universe
Historical Risk Premium
(4)
6.50% 0.0% 14.6% 15.2% 15.9% 12.8% 13.4% 14.1%
Tax Rate 35.00% 10.0% 14.4% 15.0% 15.6% 12.6% 13.3% 13.9%
Est. Cost of Debt 7.00% 20.0% 14.1% 14.7% 15.4% 12.5% 13.1% 13.7%
30.0% 13.9% 14.5% 15.1% 12.3% 12.9% 13.5%
40.0% 13.7% 14.3% 14.8% 12.2% 12.7% 13.3%
Distressed Insurers
0.0% 19.4% 20.0% 20.7% 17.0% 17.6% 18.3%
10.0% 19.0% 19.6% 20.2% 16.7% 17.3% 17.9%
20.0% 18.6% 19.2% 19.8% 16.4% 17.0% 17.6%
30.0% 18.2% 18.8% 19.4% 16.1% 16.7% 17.2%
40.0% 17.8% 18.4% 18.9% 15.8% 16.3% 16.9%
Recommended WACC Discount Factor Range 13.0% 15.0%
________________________________________________
Note: Comparable company list excludes multi-national reinsurance businesses.
(1) Based on stock price as of 10/14/2010.
(2) Per Capital IQ.
(3) Unlevered Beta = Levered Beta/(1+((Debt/Equity)*(1-Tax Rate))).
(4) Long-Horizon Equity Risk Premium from 1926 to 2008 per the 2009 Ibbotson Associates Risk Premia over Time Report.
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(a)(i ) Fi nanc i al Model (Exc l udi ng NOLs)
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19 Confidential
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Fi nanc i al Model (Ex c l udi ng NOLs)
Cash Fl ow St at ement
($ in thousands)
(a)(i ) Fi nanc i al Model (Exc l udi ng NOLs)
2011 2012 2013 2014 2015 2016 2017 2018 2019 2011 - 2019
Cash Flows from Operating Activities
Net Income (Loss) $ (2,989) $ 7,080 $ 13,128 $ 12,195 $ 9,014 $ 6,499 $ 3,304 $ 1,914 $ (8,401) $ 41,744
Accrued Investment Income 382 111 31 120 47 91 142 118 223 1,264
Premiums Receivable 551 495 634 505 428 286 293 221 3,412
Losses and Loss Adjustment Expenses (106,066) (42,199) (25,942) (9,378) (1,629) (660) (323) (186,196)
Losses Payable (10,372) (3,569) (1,818) (1,858) (727) (121) (36) (27) (18,527)
Unearned Premiums (127) (110) (127) (116) (98) (80) (56) (106) (822)
Accrued Ceding Commissions Expense (55) (51) (65) (57) (43) (28) (27) (26) (353)
Accrued Interest on Notes Payable
Federal Income Tax Payable to Parent (1,609) 3,812 4,866 (502) (1,713) (1,354) (1,720) (748) (5,555) (4,524)
Accounts Payable and Accrued Expenses 81 3 4 4 4 4 4 (139) (36)
Accrued Investment Expense 50 (6) (2) (7) (3) (5) (8) (7) (13)
Net Cash Provided by Operating Activities (120,154) (34,434) (9,292) 905 5,279 4,633 1,573 1,200 (13,746) (164,036)
Net Cash Provided by Investing Activities
Cash Flow from Financing Activities
Dividend of Unrestricted Cash (40,166) (20,874) (35,797) (49,925) (41,303) (61,828) (249,893)
Proceeds from Issuance of Notes Payable to Parent 0 0
Net Cash Provided by Financing Activities (40,166) (20,874) (35,797) (49,925) (41,303) (61,828) (249,893)
Net Change in Cash and Cash Equivalents (120,154) (34,434) (9,292) (39,261) (15,595) (31,164) (48,352) (40,102) (75,574) (413,928)
Beginning Cash and Investments Balance 413,928 293,774 259,340 250,049 210,787 195,192 164,028 115,676 75,574 413,928
Ending Cash and Investments Balance $ 293,774 $ 259,340 $ 250,049 $ 210,787 $ 195,192 $ 164,028 $ 115,676 $ 75,574 $ (0) $ (0)
________________________________________________
Source: Financial Model.
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Fi nanc i al Model (Ex c l udi ng NOLs)
I nc ome St at ement
($ in thousands)
(a)(i ) Fi nanc i al Model (Exc l udi ng NOLs)
2011 2012 2013 2014 2015 2016 2017 2018 2019 2011-2019
Premiums Written $ 37,142 $ 30,846 $ 22,811 $ 16,162 $ 10,532 $ 6,767 $ 2,909 $ $ $ 127,167
Change in Unearned Premiums 127 110 127 116 98 80 56 106 822
Net Premiums Earned 37,270 30,955 22,938 16,278 10,630 6,847 2,965 106 127,989
Losses Paid 154,087 66,716 33,222 10,928 2,203 756 323 268,235
Provision for Losses and IBNR (106,066) (42,199) (25,942) (9,378) (1,629) (660) (323) (186,196)
Ceding Commission 3,860 3,219 2,381 1,630 1,058 690 340 13,176
Underwriting Expense 51,882 27,735 9,661 3,180 1,632 786 340 95,215
Underwriting Income (Loss) (14,612) 3,220 13,277 13,098 8,998 6,061 2,625 106 32,774
General & Administrative Expenses (1,487) (1,532) (1,578) (1,625) (1,674) (1,724) (1,776) (11,397)
Interest Expense
Investment Income 11,501 9,205 8,498 7,288 6,543 5,662 4,234 2,839 422 56,192
Gain/(Loss) on Commutation (13,347) (13,347)
Income (Loss) Before Tax Provision (4,599) 10,892 20,197 18,761 13,867 9,999 5,084 2,945 (12,925) 64,222
Federal Income Tax Expense (1,609) 3,812 7,069 6,566 4,854 3,500 1,779 1,031 (4,524) 22,478
Net Income (Loss) $ (2,989) $ 7,080 $ 13,128 $ 12,195 $ 9,014 $ 6,499 $ 3,304 $ 1,914 $ (8,401) $ 41,744
________________________________________________
Source: Financial Model.
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Fi nanc i al Model (Ex c l udi ng NOLs)
Bal anc e Sheet
($ in thousands)
Assumed
Emergence
Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-10 - Dec-19
Cash and Investments $ 413,928 $ 293,774 $ 259,340 $ 250,049 $ 210,787 $ 195,192 $ 164,028 $ 115,676 $ 75,574 $ (0) $ (413,928)
Accrued Interest 1,264 882 771 740 621 574 482 341 223 (1,264)
Reinsurance Premiums Receivable 3,412 2,861 2,366 1,732 1,227 800 514 221 (3,412)
Total Assets $ 418,605 $ 297,517 $ 262,478 $ 252,521 $ 212,636 $ 196,566 $ 165,024 $ 116,238 $ 75,796 $ (0) $ (418,605)
Accrued Expenses $ 36 $ 117 $ 120 $ 124 $ 127 $ 131 $ 135 $ 139 $ $ $ (36)
Accrued Investment Expenses 50 44 42 35 32 27 19 13
Accrued Ceding Fees 353 297 246 181 124 80 52 26 (353)
Federal Income Tax Payable (Receivable) (1,609) 2,203 7,069 6,566 4,854 3,500 1,779 1,031 (4,524) (4,524)
Allowance for Doubtful Accounts
Notes Payable 0 0
Interest Payable
Unearned Premiums 822 695 585 457 341 243 163 106 (822)
Losses Payable 18,527 8,155 4,586 2,769 911 184 63 27 (18,527)
Loss Reserves and IBNR 186,196 80,130 37,931 11,990 2,611 983 323 0 0 0 (186,196)
Total Liabilities 205,933 87,834 45,715 22,631 10,716 6,507 4,263 2,097 1,043 (4,524) (210,457)
Paid in Capital 82,968 82,968 82,968 82,968 82,968 82,968 82,968 82,968 82,968 82,968
Retained Earnings (Accumulated Deficit) 128,961 129,704 126,715 133,795 146,923 159,117 168,131 174,630 177,935 179,849 50,888
Net Income (Loss) - YTD 743 (2,989) 7,080 13,128 12,195 9,014 6,499 3,304 1,914 (8,401) (9,144)
Cumulative Dividends Paid (40,166) (61,040) (96,837) (146,762) (188,064) (249,893) (249,893)
Total Stockholder's Equity 212,672 209,683 216,763 229,891 201,919 190,059 160,761 114,141 74,753 4,524 (208,148)
Total Liabilities and Stockholder's Equity $ 418,605 $ 297,517 $ 262,478 $ 252,521 $ 212,636 $ 196,566 $ 165,024 $ 116,238 $ 75,796 $ (0) $ (418,605)
(a)(i ) Fi nanc i al Model (Exc l udi ng NOLs)
________________________________________________
Source: Financial Model.
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(a)(i i ) Adj ust ed Fi nanc i al Model (Exc l udi ng NOLs)
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23 Confidential
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Adj ust ed Fi nanc i al Model (Ex c l udi ng NOLs)
Cash Fl ow St at ement
($ in thousands)
(a)(i i ) Adj ust ed Fi nanc i al Model
(Exc l udi ng NOLs)
2011 2012 2013 2014 2015 2016 2017 2018 2019 2011 - 2019
Cash Flows from Operating Activities
Net Income (Loss) $ 6,830 $ 12,529 $ 15,195 $ 13,051 $ 9,496 $ 6,735 $ 3,496 $ 2,008 $ (14,492) $ 54,848
Accrued Investment Income 330 97 31 122 80 108 141 136 231 1,276
Premiums Receivable 551 495 634 505 428 286 293 221 3,412
Losses and Loss Adjustment Expenses (105,259) (43,114) (24,948) (8,750) (1,580) (610) (291) (184,551)
Losses Payable (9,334) (3,212) (1,636) (1,672) (654) (109) (32) (24) (16,674)
Unearned Premiums (127) (110) (127) (116) (98) (80) (56) (106) (822)
Accrued Ceding Commissions Expense (55) (51) (65) (57) (43) (28) (27) (26) (353)
Accrued Interest on Notes Payable
Federal Income Tax Payable to Parent 3,678 3,069 1,436 (1,155) (1,914) (1,487) (1,744) (801) (8,884) (7,803)
Accounts Payable and Accrued Expenses 81 3 4 4 4 4 4 (139) (36)
Accrued Investment Expense 53 (5) (2) (7) (5) (6) (8) (8) (13)
Net Cash Provided by Operating Activities (103,254) (30,299) (9,479) 1,924 5,713 4,813 1,776 1,261 (23,158) (150,702)
Net Cash Provided by Investing Activities
Cash Flow from Financing Activities
Dividend of Unrestricted Cash (41,998) (32,717) (41,653) (49,882) (47,576) (55,181) (269,008)
Proceeds from Issuance of Notes Payable to Parent 0 0
Net Cash Provided by Financing Activities (41,998) (32,717) (41,653) (49,882) (47,576) (55,181) (269,008)
Net Change in Cash and Cash Equivalents (103,254) (30,299) (9,479) (40,074) (27,004) (36,841) (48,106) (46,316) (78,339) (419,710)
Beginning Cash and Investments Balance 419,710 316,456 286,157 276,679 236,605 209,601 172,760 124,655 78,339 419,710
Ending Cash and Investments Balance $ 316,456 $ 286,157 $ 276,679 $ 236,605 $ 209,601 $ 172,760 $ 124,655 $ 78,339 $ (0) $ (0)
________________________________________________
Source: Adjusted Financial Model.
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Adj ust ed Fi nanc i al Model (Ex c l udi ng NOLs)
I nc ome St at ement
($ in thousands)
(a)(i i ) Adj ust ed Fi nanc i al Model
(Exc l udi ng NOLs)
2011 2012 2013 2014 2015 2016 2017 2018 2019 2011-2019
Premiums Written $ 37,142 $ 30,846 $ 22,811 $ 16,162 $ 10,532 $ 6,767 $ 2,909 $ $ $ 127,167
Change in Unearned Premiums 127 110 127 116 98 80 56 106 822
Net Premiums Earned 37,270 30,955 22,938 16,278 10,630 6,847 2,965 106 127,989
Losses Paid 138,678 60,044 29,900 9,835 1,983 680 291 241,412
Provision for Losses and IBNR (105,259) (43,114) (24,948) (8,750) (1,580) (610) (291) (184,551)
Ceding Commission 3,860 3,219 2,381 1,630 1,058 690 340 13,176
Underwriting Expense 37,280 20,149 7,333 2,715 1,461 760 340 70,037
Underwriting Income (Loss) (10) 10,806 15,605 13,563 9,169 6,087 2,625 106 57,952
General & Administrative Expenses (1,487) (1,532) (1,578) (1,625) (1,674) (1,724) (1,776) (11,397)
Interest Expense
Investment Income 12,005 10,001 9,350 8,141 7,114 5,998 4,529 2,983 437 60,559
Gain/(Loss) on Commutation (22,732) (22,732)
Income (Loss) Before Tax Provision 10,507 19,276 23,378 20,078 14,609 10,361 5,379 3,089 (22,295) 84,382
Federal Income Tax Expense 3,678 6,747 8,182 7,027 5,113 3,626 1,883 1,081 (7,803) 29,534
Net Income (Loss) $ 6,830 $ 12,529 $ 15,195 $ 13,051 $ 9,496 $ 6,735 $ 3,496 $ 2,008 $ (14,492) $ 54,848
________________________________________________
Source: Adjusted Financial Model.
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Adj ust ed Fi nanc i al Model (Ex c l udi ng NOLs)
Bal anc e Sheet
($ in thousands)
(a)(i i ) Adj ust ed Fi nanc i al Model
(Exc l udi ng NOLs)
Assumed
Emergence
Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-10 - Dec-19
Cash and Investments $ 419,710 $ 316,456 $ 286,157 $ 276,679 $ 236,605 $ 209,601 $ 172,760 $ 124,655 $ 78,339 $ (0) $ (419,710)
Accrued Interest 1,276 946 849 818 696 616 508 367 231 (1,276)
Reinsurance Premiums Receivable 3,412 2,861 2,366 1,732 1,227 800 514 221 (3,412)
Total Assets $ 424,398 $ 320,263 $ 289,372 $ 279,229 $ 238,529 $ 211,017 $ 173,782 $ 125,243 $ 78,570 $ (0) $ (424,398)
Accrued Expenses $ 36 $ 117 $ 120 $ 124 $ 127 $ 131 $ 135 $ 139 $ $ $ (36)
Accrued Investment Expenses 53 48 46 39 35 29 21 13
Accrued Ceding Fees 353 297 246 181 124 80 52 26 (353)
Federal Income Tax Payable (Receivable) 3,678 6,747 8,182 7,027 5,113 3,626 1,883 1,081 (7,803) (7,803)
Allowance for Doubtful Accounts
Notes Payable 0 0
Interest Payable
Unearned Premiums 822 695 585 457 341 243 163 106 (822)
Losses Payable 16,674 7,340 4,127 2,492 820 165 57 24 (16,674)
Loss Reserves and IBNR 184,551 79,292 36,178 11,230 2,480 900 291 0 0 0 (184,551)
Total Liabilities 202,436 91,471 48,051 22,712 10,959 6,668 4,352 2,199 1,094 (7,803) (210,239)
Paid in Capital 82,968 82,968 82,968 82,968 82,968 82,968 82,968 82,968 82,968 82,968
Retained Earnings (Accumulated Deficit) 128,961 138,995 145,824 158,354 173,549 186,600 196,096 202,830 206,327 208,334 79,373
Net Income (Loss) - YTD 10,034 6,830 12,529 15,195 13,051 9,496 6,735 3,496 2,008 (14,492) (24,525)
Cumulative Dividends Paid (41,998) (74,715) (116,369) (166,251) (213,827) (269,008) (269,008)
Total Stockholder's Equity 221,963 228,792 241,322 256,517 227,570 204,349 169,430 123,044 77,475 7,803 (214,159)
Total Liabilities and Stockholder's Equity $ 424,398 $ 320,263 $ 289,372 $ 279,229 $ 238,529 $ 211,017 $ 173,782 $ 125,243 $ 78,570 $ (0) $ (424,398)
________________________________________________
Source: Adjusted Financial Model.
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(b) Reor gani zed WMI Val uat i on - Pr ec edent Tr ansac t i ons
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Deal Deal Value / Deal Value / Deal Value
Buyer / Target Nature of Portfolio Announced Completion Value Book Tangible Book / Revenue
Run-Off Precedents
Citadel Risk Management / Arthur J Gallagher Property & casualty; health & welfare; retirement 2/22/2008 3/26/2008 $ 38.0 1.1x 9.3x 0.7x
White Mountains Insurance/ Helicon Re Holdings Ltd. Property & casualty 1/7/2008 1/7/2008 150.2 1.0 NA NA
Fortress Investment Group / Alea Group Holdings Property & casualty 4/4/2007 7/20/2007 319.7 0.7 0.7 1.5
Catalina Holdings / Overseas Partners Re Property & casualty 9/3/2005 9/21/2005 170.5 0.7 NA NA
Fairfax Financial Holdings / Markel Corp Property, aviation, marine and credit 1/1/2005 1/11/2005 57.0 1.0 NA NA
Enstar Group Inc. / Toa-Re Insurance Co. (U.K.) Life insurance 3/31/2003 4/2/2003 46.0 0.8 NA NA
Going-Concern Precedents
SCOR / PartnerRe Life Insurance Co. Life insurance 4/12/2000 8/4/2000 $ 145.0 1.4x NA 0.7x
Swiss Reinsurance Co. / Underwriters Re Group Inc. Property & casualty 12/13/1999 5/10/2000 659.1 1.6 NA NA
Gerling-Konzern Versicherungs / Constitution Re Property & casualty 7/24/1998 10/27/1998 700.0 1.3 NA NA
Low (All) 38.0 0.7x 0.7x 0.7x
Mean 253.9 1.0x 5.0x 1.0x
Median 150.2 1.0x 5.0x 0.7x
High (All) 700.0 1.6x 9.3x 1.5x
Mean (Run-Off) 130.2 0.9x 5.0x 1.1x
Median (Run-Off) 103.6 0.9x 5.0x 1.1x
Pr ec edent Tr ansac t i ons
($ in millions)
(b) Reor gani zed WMI Val uat i on -
Pr ec edent Tr ansac t i ons
Cr i t er i a f or Publ i c l y Di sc l osed Pr ec edent Tr ansac t i ons
f Targets are reinsurance portfolios or businesses
f Portfolio size less than $700 million
Recommended Price-to-Book Multiple Range 0.7x 1.0x
Projected Book Value of Equity - Dec. 31, 2010 $ 212.7 $ 212.7
Total 148.9 212.7
Recommended Value Range $ 150.0 $ 210.0
________________________________________________
Source: Press releases, 10-Ks, 10-Qs, 8-Ks, publicly available news articles.
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(c ) Reor gani zed WMI Val uat i on - NOL Val uat i on Summar y
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NOL Val uat i on Dec . 22, 2010
(Ex c l udi ng Pr oc eeds of t he Ri ght s Of f er i ng)
(c ) Reor gani zed WMI Val uat i on - NOL
Val uat i on Summar y
Val ue of NOLs
($ in millions)
10
5
15
20
10
25
$- $5 $10 $15 $20 $25 $30 $35 $40
Blackstone
Recommended NOL
Value(1)
Post-Change
382(l)(6) Limitation
NOLs utilized by
Reorganized WMI
Reor gani zed WMI Val ue (I nc l udi ng NOLs)
(2)
($ in millions)
125
150
125
165
210
155
$75 $100 $125 $150 $175 $200 $225
Blackstone
Recommended
Value Range
Precedent
Transactions
Discounted
Cash Flow
________________________________________________
(1) Total Adj. NOL Value based on estimated probability of NOLs being recognized as ordinary income.
(2) Level of post-emergence NOLs assumes Company emerges on or before December 22, 2010 or after January 1, 2011.
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Net Oper at i ng Loss Val uat i on Summar y
Key Assumpt i ons
f Summary of available NOLs
(1)
f Reorganized WMI generates no additional taxable income beyond that forecasted in the Reorganized WMI financial projections
Appr oac h
f NOLs utilized by Reorganized WMI - utilization of post-emergence NOLs to shelter taxable income generated by the existing portfolio
Discount rate estimates based upon similar discount rates used to value the underlying portfolio
f Post-Change 382(l)(6) Limitation Value (Post-Change Value) - valuation based upon the present value of the assumed maximum
usage pursuant to the 382(l)(6) limitation under the assumption that Reorganized WMI is sold to a third party
Discount rate estimate of 25% - 35% incorporates a premium for transaction risk
Applicable federal tax rate for 382(l)(6) limitation 3.98% (October 2010)
________________________________________________
(1) Based on analysis provided by the Debtors, Alvarez & Marsal and Weil, Gotshal & Manges, LLP (Weil).
(c ) Reor gani zed WMI Val uat i on - NOL
Val uat i on Summar y
Comments
Calculation of Pre-Emergence NOL
WMI's Adjusted Tax Basis in the stock of WMB $ 19,750
Less: The Amount of WMB NOLs used to offset
Taxable Income
(14,300)
Less: CODI Attribute Reduction at the WMI Level (500)
Total $ 4,950
Amount Subject to Limitation $ 4,744 12/22/10 trigger of WMB worthless stock
deduction assumes pre-emergence timing
Amount Not Subject to Limitation 108 Post-emergence trigger of worthless stock
Total $ 4,852
Amount assumed utilized by WMMRC $ 100
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(d) Reor gani zed WMI Val uat i on - DCF Anal ysi s I nc l udi ng NOLs
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Di sc ount ed Cash Fl ow Cal c ul at i on
(I nc l udi ng NOLs)
(d) Reor gani zed WMI Val uat i on - DCF
Anal ysi s I nc l udi ng NOLs
($ in thousands)
2011 2012 2013 2014 2015 2016 2017 2018 2019 Total
Financial Model (Including NOLs)
Projected Dividend Stream (see page 34) $ $ $ $ 49,510 $ 27,443 $ 40,651 $ 53,424 $ 43,082 $ 62,859 $ 276,969
13% WACC Discount Factor
(1)
0.97 0.86 0.76 0.67 0.59 0.53 0.47 0.41 0.36
Present Value of Projected Dividend Stream 33,280 16,325 21,400 24,889 17,761 22,934 136,588
15% WACC Discount Factor
(1)
0.97 0.84 0.73 0.63 0.55 0.48 0.42 0.36 0.32
Present Value of Projected Dividend Stream 31,436 15,152 19,517 22,304 15,640 19,843 123,891
Adjusted Financial Model (Excluding NOLs)
Projected Adjusted Dividend Stream (see page 38) $ $ $ $ 61,074 $ 39,757 $ 46,767 $ 53,508 $ 49,459 $ 56,262 $ 306,827
13% WACC Discount Factor
(1)
0.97 0.86 0.76 0.67 0.59 0.53 0.47 0.41 0.36
Present Value of Projected Adjusted Dividend Stream 41,054 23,650 24,619 24,928 20,390 20,527 155,167
15% WACC Discount Factor
(1)
0.97 0.84 0.73 0.63 0.55 0.48 0.42 0.36 0.32
Present Value of Projected Adjusted Dividend Stream 38,778 21,950 22,453 22,339 17,955 17,761 141,236
Recommended Value Range 125,000
(Including NOLs) 155,000
Recommended Value Range 110,000
(Excluding NOLs) 130,000
Recommended Value Range 15,000
(NOLs) 25,000 ________________________________________________
(1) Per projections, assumes all dividends are paid in March of the corresponding year.
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(d)(i ) Fi nanc i al Model (I nc l udi ng NOLs)
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Fi nanc i al Model (I nc l udi ng NOLs)
Cash Fl ow St at ement
($ in thousands)
________________________________________________
Source: Financial Model.
(d)(i ) Fi nanc i al Model (I nc l udi ng NOLs)
2011 2012 2013 2014 2015 2016 2017 2018 2019 2011 - 2019
Cash Flows from Operating Activities
Net Income (Loss) $ (4,599) $ 10,892 $ 20,252 $ 18,780 $ 13,867 $ 9,999 $ 5,084 $ 2,945 $ (12,925) $ 64,297
Accrued Investment Income 382 111 24 126 47 91 142 118 223 1,264
Premiums Receivable 551 495 634 505 428 286 293 221 3,412
Losses and Loss Adjustment Expenses (106,066) (42,199) (25,942) (9,378) (1,629) (660) (323) (186,196)
Losses Payable (10,372) (3,569) (1,818) (1,858) (727) (121) (36) (27) (18,527)
Unearned Premiums (127) (110) (127) (116) (98) (80) (56) (106) (822)
Accrued Ceding Commissions Expense (55) (51) (65) (57) (43) (28) (27) (26) (353)
Accrued Interest on Notes Payable
Federal Income Tax Payable to Parent
Accounts Payable and Accrued Expenses 81 3 4 4 4 4 4 (139) (36)
Accrued Investment Expense 50 (6) (1) (7) (3) (5) (8) (7) (13)
Net Cash Provided by Operating Activities (120,154) (34,434) (7,039) 7,999 11,845 9,486 5,072 2,980 (12,715) (136,960)
Net Cash Provided by Investing Activities
Cash Flow from Financing Activities
Dividend of Unrestricted Cash (49,510) (27,443) (40,651) (53,424) (43,082) (62,859) (276,969)
Proceeds from Issuance of Notes Payable to Parent 0 0
Net Cash Provided by Financing Activities (49,510) (27,443) (40,651) (53,424) (43,082) (62,859) (276,969)
Net Change in Cash and Cash Equivalents (120,154) (34,434) (7,039) (41,511) (15,598) (31,164) (48,352) (40,102) (75,574) (413,928)
Beginning Cash and Investments Balance 413,928 293,774 259,340 252,301 210,790 195,193 164,028 115,676 75,574 413,928
Ending Cash and Investments Balance $ 293,774 $ 259,340 $ 252,301 $ 210,790 $ 195,193 $ 164,028 $ 115,676 $ 75,574 $ (0) $ (0)
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Fi nanc i al Model (I nc l udi ng NOLs)
I nc ome St at ement
($ in thousands)
________________________________________________
Source: Financial Model.
2011 2012 2013 2014 2015 2016 2017 2018 2019 2011-2019
Premiums Written $ 37,142 $ 30,846 $ 22,811 $ 16,162 $ 10,532 $ 6,767 $ 2,909 $ $ $ 127,167
Change in Unearned Premiums 127 110 127 116 98 80 56 106 822
Net Premiums Earned 37,270 30,955 22,938 16,278 10,630 6,847 2,965 106 127,989
Losses Paid 154,087 66,716 33,222 10,928 2,203 756 323 268,235
Provision for Losses and IBNR (106,066) (42,199) (25,942) (9,378) (1,629) (660) (323) (186,196)
Ceding Commission 3,860 3,219 2,381 1,630 1,058 690 340 13,176
Underwriting Expense 51,882 27,735 9,661 3,180 1,632 786 340 95,215
Underwriting Income (Loss) (14,612) 3,220 13,277 13,098 8,998 6,061 2,625 106 32,774
General & Administrative Expenses (1,487) (1,532) (1,578) (1,625) (1,674) (1,724) (1,776) (11,397)
Interest Expense
Investment Income 11,501 9,205 8,553 7,307 6,543 5,662 4,234 2,839 422 56,267
Gain/(Loss) on Commutation (13,347) (13,347)
Income (Loss) Before Tax Provision (4,599) 10,892 20,252 18,780 13,867 9,999 5,084 2,945 (12,925) 64,297
Federal Income Tax Expense
Net Income (Loss) $ (4,599) $ 10,892 $ 20,252 $ 18,780 $ 13,867 $ 9,999 $ 5,084 $ 2,945 $ (12,925) $ 64,297
(d)(i ) Fi nanc i al Model (I nc l udi ng NOLs)
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Fi nanc i al Model (I nc l udi ng NOLs)
Bal anc e Sheet
($ in thousands)
________________________________________________
Source: Financial Model.
Assumed
Emergence
Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-10 - Dec-19
Cash and Investments $ 413,928 $ 293,774 $ 259,340 $ 252,301 $ 210,790 $ 195,193 $ 164,028 $ 115,676 $ 75,574 $ (0) $ (413,928)
Accrued Interest 1,264 882 771 747 621 574 482 341 223 (1,264)
Reinsurance Premiums Receivable 3,412 2,861 2,366 1,732 1,227 800 514 221 (3,412)
Total Assets $ 418,605 $ 297,517 $ 262,478 $ 254,780 $ 212,638 $ 196,566 $ 165,024 $ 116,238 $ 75,796 $ (0) $ (418,605)
Accrued Expenses $ 36 $ 117 $ 120 $ 124 $ 127 $ 131 $ 135 $ 139 $ $ $ (36)
Accrued Investment Expenses 50 44 42 35 32 27 19 13
Accrued Ceding Fees 353 297 246 181 124 80 52 26 (353)
Federal Income Tax Payable (Receivable)
Allowance for Doubtful Accounts
Notes Payable 0 0
Interest Payable
Unearned Premiums 822 695 585 457 341 243 163 106 (822)
Losses Payable 18,527 8,155 4,586 2,769 911 184 63 27 (18,527)
Loss Reserves and IBNR 186,196 80,130 37,931 11,990 2,611 983 323 0 0 0 (186,196)
Total Liabilities 205,933 89,444 43,512 15,562 4,150 1,653 763 317 13 0 (205,933)
Paid in Capital 82,968 82,968 82,968 82,968 82,968 82,968 82,968 82,968 82,968 82,968
Retained Earnings (Accumulated Deficit) 128,961 129,704 125,105 135,998 156,250 175,030 188,897 198,896 203,980 206,925 77,964
Net Income (Loss) - YTD 743 (4,599) 10,892 20,252 18,780 13,867 9,999 5,084 2,945 (12,925) (13,668)
Cumulative Dividends Paid (49,510) (76,952) (117,603) (171,028) (214,110) (276,969) (276,969)
Total Stockholder's Equity 212,672 208,073 218,966 239,218 208,489 194,913 164,261 115,920 75,784 (0) (212,672)
Total Liabilities and Stockholder's Equity $ 418,605 $ 297,517 $ 262,478 $ 254,780 $ 212,638 $ 196,566 $ 165,024 $ 116,238 $ 75,796 $ (0) $ (418,605)
(d)(i ) Fi nanc i al Model (I nc l udi ng NOLs)
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Adj ust ed Fi nanc i al Model (I nc l udi ng NOLs)
Cash Fl ow St at ement
($ in thousands)
________________________________________________
Source: Adjusted Financial Model.
(d)(i i ) Adj ust ed Fi nanc i al Model
(I nc l udi ng NOLs)
2011 2012 2013 2014 2015 2016 2017 2018 2019 2011 - 2019
Cash Flows from Operating Activities
Net Income (Loss) $ 10,507 $ 19,369 $ 23,676 $ 20,169 $ 14,610 $ 10,361 $ 5,379 $ 3,089 $ (22,295) $ 84,864
Accrued Investment Income 330 86 10 153 80 108 141 136 231 1,276
Premiums Receivable 551 495 634 505 428 286 293 221 3,412
Losses and Loss Adjustment Expenses (105,259) (43,114) (24,948) (8,750) (1,580) (610) (291) (184,551)
Losses Payable (9,334) (3,212) (1,636) (1,672) (654) (109) (32) (24) (16,674)
Unearned Premiums (127) (110) (127) (116) (98) (80) (56) (106) (822)
Accrued Ceding Commissions Expense (55) (51) (65) (57) (43) (28) (27) (26) (353)
Accrued Interest on Notes Payable
Federal Income Tax Payable to Parent
Accounts Payable and Accrued Expenses 81 3 4 4 4 4 4 (139) (36)
Accrued Investment Expense 53 (5) (1) (9) (5) (6) (8) (8) (13)
Net Cash Provided by Operating Activities (103,254) (26,538) (2,453) 10,227 12,741 9,926 5,403 3,143 (22,077) (112,883)
Net Cash Provided by Investing Activities
Cash Flow from Financing Activities
Dividend of Unrestricted Cash (61,074) (39,757) (46,767) (53,508) (49,459) (56,262) (306,827)
Proceeds from Issuance of Notes Payable to Parent 0 0
Net Cash Provided by Financing Activities (61,074) (39,757) (46,767) (53,508) (49,459) (56,262) (306,827)
Net Change in Cash and Cash Equivalents (103,254) (26,538) (2,453) (50,847) (27,016) (36,841) (48,106) (46,316) (78,339) (419,710)
Beginning Cash and Investments Balance 419,710 316,456 289,918 287,464 236,617 209,601 172,760 124,655 78,339 419,710
Ending Cash and Investments Balance $ 316,456 $ 289,918 $ 287,464 $ 236,617 $ 209,601 $ 172,760 $ 124,655 $ 78,339 $ (0) $ (0)
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Adj ust ed Fi nanc i al Model (I nc l udi ng NOLs)
I nc ome St at ement
($ in thousands)
________________________________________________
Source: Adjusted Financial Model.
2011 2012 2013 2014 2015 2016 2017 2018 2019 2011-2019
Premiums Written $ 37,142 $ 30,846 $ 22,811 $ 16,162 $ 10,532 $ 6,767 $ 2,909 $ $ $ 127,167
Change in Unearned Premiums 127 110 127 116 98 80 56 106 822
Net Premiums Earned 37,270 30,955 22,938 16,278 10,630 6,847 2,965 106 127,989
Losses Paid 138,678 60,044 29,900 9,835 1,983 680 291 241,412
Provision for Losses and IBNR (105,259) (43,114) (24,948) (8,750) (1,580) (610) (291) (184,551)
Ceding Commission 3,860 3,219 2,381 1,630 1,058 690 340 13,176
Underwriting Expense 37,280 20,149 7,333 2,715 1,461 760 340 70,037
Underwriting Income (Loss) (10) 10,806 15,605 13,563 9,169 6,087 2,625 106 57,952
General & Administrative Expenses (1,487) (1,532) (1,578) (1,625) (1,674) (1,724) (1,776) (11,397)
Interest Expense
Investment Income 12,005 10,094 9,649 8,231 7,114 5,998 4,529 2,983 437 61,041
Gain/(Loss) on Commutation (22,732) (22,732)
Income (Loss) Before Tax Provision 10,507 19,369 23,676 20,169 14,610 10,361 5,379 3,089 (22,295) 84,864
Federal Income Tax Expense
Net Income (Loss) $ 10,507 $ 19,369 $ 23,676 $ 20,169 $ 14,610 $ 10,361 $ 5,379 $ 3,089 $ (22,295) $ 84,864
(d)(i i ) Adj ust ed Fi nanc i al Model
(I nc l udi ng NOLs)
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Adj ust ed Fi nanc i al Model (I nc l udi ng NOLs)
Bal anc e Sheet
($ in thousands)
________________________________________________
Source: Adjusted Financial Model.
Assumed
Emergence
Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-10 - Dec-19
Cash and Investments $ 419,710 $ 316,456 $ 289,918 $ 287,464 $ 236,617 $ 209,601 $ 172,760 $ 124,655 $ 78,339 $ (0) $ (419,710)
Accrued Interest 1,276 946 860 850 696 616 508 367 231 (1,276)
Reinsurance Premiums Receivable 3,412 2,861 2,366 1,732 1,227 800 514 221 (3,412)
Total Assets $ 424,398 $ 320,263 $ 293,144 $ 290,046 $ 238,541 $ 211,017 $ 173,782 $ 125,243 $ 78,570 $ (0) $ (424,398)
Accrued Expenses $ 36 $ 117 $ 120 $ 124 $ 127 $ 131 $ 135 $ 139 $ $ $ (36)
Accrued Investment Expenses 53 49 48 39 35 29 21 13
Accrued Ceding Fees 353 297 246 181 124 80 52 26 (353)
Federal Income Tax Payable (Receivable)
Allowance for Doubtful Accounts
Notes Payable 0 0
Interest Payable
Unearned Premiums 822 695 585 457 341 243 163 106 (822)
Losses Payable 16,674 7,340 4,127 2,492 820 165 57 24 (16,674)
Loss Reserves and IBNR 184,551 79,292 36,178 11,230 2,480 900 291 0 0 0 (184,551)
Total Liabilities 202,436 87,794 41,305 14,532 3,932 1,555 726 316 13 0 (202,436)
Paid in Capital 82,968 82,968 82,968 82,968 82,968 82,968 82,968 82,968 82,968 82,968
Retained Earnings (Accumulated Deficit) 128,961 138,995 149,502 168,871 192,547 212,715 227,325 237,686 243,064 246,153 117,192
Net Income (Loss) - YTD 10,034 10,507 19,369 23,676 20,169 14,610 10,361 5,379 3,089 (22,295) (32,328)
Cumulative Dividends Paid (61,074) (100,831) (147,598) (201,106) (250,565) (306,827) (306,827)
Total Stockholder's Equity 221,963 232,470 251,839 275,515 234,609 209,462 173,056 124,927 78,557 (0) (221,963)
Total Liabilities and Stockholder's Equity $ 424,398 $ 320,263 $ 293,144 $ 290,046 $ 238,541 $ 211,017 $ 173,782 $ 125,243 $ 78,570 $ (0) $ (424,398)
(d)(i i ) Adj ust ed Fi nanc i al Model
(I nc l udi ng NOLs)
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(e) Reor gani zed WMI Val uat i on 382(l )(6) Val ue
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Di sc ount ed Cash Fl ow Cal c ul at i on
Post -Change Val ue
(e) Reor gani zed WMI Val uat i on
382(l )(6) Val ue
Year
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Value of Reorgnized WMI Excluding 382(l)(6) Value $ 125.0
382(l)(6) Value 8.2
Value of Reorganized WMI Including 382(l)(6) Value $ 133.2
Available Taxable Income Shield 5.3 5.3 5.3 5.3 5.3 5.3 5.3 5.3 5.3 5.3 5.3 5.3 5.3 5.3 5.3 5.3 5.3 5.3 5.3 5.3
Tax Savings 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9
25% Discount Factor
(1)
0.89 0.72 0.57 0.46 0.37 0.29 0.23 0.19 0.15 0.12 0.10 0.08 0.06 0.05 0.04 0.03 0.03 0.02 0.02 0.01
Present Value of Tax Savings 1.7 1.3 1.1 0.8 0.7 0.5 0.4 0.3 0.3 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0
Value of Reorgnized WMI Excluding 382(l)(6) Value $ 125.0
382(l)(6) Value 6.0
Value of Reorganized WMI Including 382(l)(6) Value $ 131.0
Available Taxable Income Shield 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2
Tax Savings 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8
35% Discount Factor
(1)
0.86 0.64 0.47 0.35 0.26 0.19 0.14 0.11 0.08 0.06 0.04 0.03 0.02 0.02 0.01 0.01 0.01 0.01 0.00 0.00
Present Value of Tax Savings 1.6 1.2 0.9 0.6 0.5 0.4 0.3 0.2 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Value of Reorgnized WMI Excluding 382(l)(6) Value $ 165.0
382(l)(6) Value 10.8
Value of Reorganized WMI Including 382(l)(6) Value $ 175.8
Available Taxable Income Shield 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0
Tax Savings 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4
25% Discount Factor
(1)
0.89 0.72 0.57 0.46 0.37 0.29 0.23 0.19 0.15 0.12 0.10 0.08 0.06 0.05 0.04 0.03 0.03 0.02 0.02 0.01
Present Value of Tax Savings 2.2 1.8 1.4 1.1 0.9 0.7 0.6 0.5 0.4 0.3 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.0 0.0 0.0
Value of Reorgnized WMI Excluding 382(l)(6) Value $ 165.0
382(l)(6) Value 8.1
Value of Reorganized WMI Including 382(l)(6) Value $ 173.1
Available Taxable Income Shield 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0
Tax Savings 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4
35% Discount Factor
(1)
0.86 0.64 0.47 0.35 0.26 0.19 0.14 0.11 0.08 0.06 0.04 0.03 0.02 0.02 0.01 0.01 0.01 0.01 0.00 0.00
Present Value of Tax Savings 2.1 1.6 1.2 0.9 0.6 0.5 0.3 0.3 0.2 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
________________________________________________
(1) See page 17 for recommended range of Discount Factor.
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Ter ms of t he Ri ght s Of f er i ng
I V. Subsc r i pt i on Ri ght s Val uat i on
f $100 million rights offering
f No backstop
f No discount to value of Reorganized WMI
f Offered to the holders of the PIERS claims
f $2 million minimum participation
f The Rights Offering will be subject to 1145 limitations
f The Rights Offering will commence on the date Ballots and Subscription Forms are
mailed to Voting Nominees on behalf of holders of the PIERS claims; the date by which
holders of Subscription Rights must elect to subscribe to the Rights Offering is defined in
the Plan as the Subscription Expiration Date
f The equity in Reorganized WMI purchased through the Rights Offering will be
distributed on the Effective Date or as soon as practicable thereafter
f To the extent a holder of a PIERS claims elects to exercise Subscription Rights and
receives equity in Reorganized WMI, such holders distribution of Creditor Cash or Cash
to be received on account of Liquidating Trust Interests, shall be reduced, on a dollar-for-
dollar basis, by the value of the Subscription Rights exercised
f Subject to the Debtors sole and absolute discretion, each eligible holder of Subscription
Rights that exercises its Subscription Rights in full will also have an over-subscription
right to purchase any additional shares of Reorganized WMI equity not purchased by
other eligible holders of the Subscription Rights pursuant to the Rights Offering
As part of the Plan of
Reorganization, a
rights offering is being
offered to holders of
the PIERS claims to
invest in Reorganized
WMI.
________________________________________________
Source: Sixth Amended Disclosure Statement, dated October 6, 2010.
Note: Pursuant to Section 34.7 of the Plan, in the event the Debtors enter into a Retention/Sale Transaction, no Additional Common Stock
will be issued and the Debtors will return all payments made pursuant to the Rights Offering.
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Confidential
PRIVILEGED AND CONFIDENTIAL
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Appendi x
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