Money Funds and FDIC-Insured Bank Programs

Pershing strives to increase the efficiency and effectiveness of financial organizations, by continually building, enhancing, and supporting innovative financial products and services. Money Funds and FDIC-Insured Bank Program Revenue Sharing Money fund and FDIC-insured bank deposit processing and revenue sharing fees are significant sources of revenue for Pershing and may be significant sources of revenue for your financial organization. Pershing receives fees from the providers listed below for making available money market funds or FDIC-insured bank deposit programs, which you have selected through your financial organization. These fees are paid in accordance with an asset-based formula. Your financial organization may share in these fees. A portion of Pershing’s fees are applied against costs associated with providing services on behalf of the participating providers, which may include maintaining cash sweep systems, subaccounting services, dividend calculation and posting, accounting, reconciliation, client statement preparation and mailing, tax statement preparation and mailing, marketing and distribution related support, and other services. The providers listed below are in order of 2009 gross dollar payments to Pershing from highest to lowest.       


1. Federated Investors Inc.
2. Dreyfus Corporation
3. Liquid Insured Deposits
4. Reich & Tang Funds
5. Invesco AIM Funds
6. DWS Scudder
7. Wells Fargo Funds

Money Fund and FDIC-Insured Bank Fees and Revenue Sharing

Pershing receives processing fees from certain money fund and bank providers, which may be associated with your financial organization. These fees reimburse Pershing for operational services it performs on behalf of the providers, which may include maintaining cash sweep systems, subaccounting services, dividend calculation and posting, accounting, reconciliation, client statement preparation and mailing, tax statement preparation and mailing, or other services. Pershing receives fees for the processing it performs on behalf of the providers listed below and they are listed in order of 2009 gross dollar fees paid to Pershing.

Funds  
1. Metlife Bank Insured Deposit Account 21. Princor Funds
2. DWS Scudder Funds 22. BB&T Funds
3. HSBC Money Market Funds 23. Touchstone Funds
4. ING Group Funds 24. Mercantile Funds
5. CSAM Funds 25. First Puerto Rico Funds
6. AIG Bank Insured Deposit AccountM 26. Bank of the West Insured Deposit Account
7. SunAmerica Funds 27. Balentine Funds
8. Dreyfus Corporation 28. Banco Santander Insured Deposit Account
9. Aetna Funds 29. M&T Bank Insured Deposit Account
10. Banorte Funds 30. Ridgestone Bank Insured Deposit Account
11. First Republic Bank Insured Deposit Account 31. Bishop Street Funds
12. American Century Funds 32. Webster Bank Insured Deposit Account
13. M&T Funds 33. First Citizens Bank Insured Deposit Account
14. Key Bank Insured Deposit Account 34. Waddell & Reed Funds
15. Hewitt Funds 35. Victory Funds
16. Goldman Sachs Funds 36. BC Ziegler Funds
17. Marshall Funds 37. Citzens & Farmers Bank Insured Deposit Account
18. Vanguard Funds 38. Twin Cities Financial Insured Deposit Account
19. T Rowe Price Funds 39. Weiss Funds
20. BB&T Insured Deposit Account 40. Pioneer Funds