PNC Financial Services (PNC)

Low Income Housing Projects And Historic Tax Credits

Included in our equity investments are limited partnerships that sponsor affordable housing projects. These investments, consisting of partnerships accounted for under the equity method as well as equity investments held by consolidated partnerships, totaled $1.0 billion at both March 31, 2008 and December 31, 2007. PNC’s equity investment at risk was $194 million at March 31, 2008 compared with $188 million at year-end 2007. We also had commitments to make additional equity investments in affordable housing limited

Low Income Housing Projects And Historic Tax Credits

Included in our equity investments are limited partnerships that sponsor affordable housing projects. At December 31, 2007 these investments, consisting of partnerships accounted for under the equity method as well as equity investments held by consolidated partnerships, totaled $1.0 billion. The comparable amount at December 31, 2006 was $708 million. PNC’s equity investment at risk was $188 million at December 31, 2007 compared with $134 million at year-end 2006. We also had commitments to make additional equity investments in affordable housing limited partnerships of $98 million at December 31, 2007 compared with $71 million at December 31, 2006. At December 31, 2007 historic tax credit investments totaled $13 million with unfunded commitments related to these investments of $26 million.

Low Income Housing Projects And Historic Tax Credits

Included in our equity investments are limited partnerships that sponsor affordable housing projects. At September 30, 2007 these investments, consisting of partnerships accounted for under the equity method as well as equity investments held by consolidated partnerships, totaled $1.0 billion. The comparable amount at December 31, 2006 was $708 million. PNC’s equity investment at risk was $195 million at September 30, 2007 compared with $134 million at year-end 2006. We also had commitments to make additional equity investments in affordable housing limited partnerships of $74 million at September 30, 2007 compared with $71 million at December 31, 2006. At September 30, 2007 historic tax credit investments totaled $13 million with unfunded commitments related to these investments of $18 million.