Securities Underwriting and Dealing Subsidiaries

A broker-dealer authorized to engage in securities underwriting, dealing, or market-making may, under

certain circumstances, be acquired by a bank holding company, by a foreign bank subject to the Bank
Holding Company Act, or by a state member bank. The resulting subsidiaries and the institutions owning
them are listed here under the following categories:

Section 20 Subsidiaries
As of September 30, 2010
Date of
Section 20 subsidiary Parent organization FR District
initial approval
BBVA Securities, Inc. Banco Bilbao Vizcaya Argentaria, S.A. Atlanta 3/1998

Section 4(k)(4)(E) Securities Subsidiaries

As of September 30, 2010
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Section 4(k)(4)(E) securities
Parent organization FR District
subsidiary
ANZ Securities, Inc. Australia and New Zealand Banking Group Limited New York
Banc of America Securities, LLC Bank of America Corp. Richmond
Banca IMI Securities Corp. Intesa SanPaolo S.p.A. New York
Barclays Capital, Inc. Barclays PLC New York
Berry-Shino Securities, Inc. Peotone Bancorp, Inc. Chicago
BMO Capital Markets Corp. Bank of Montreal Chicago
BNP Paribas Investment Services,
BNP Paribas New York
LLC
BNP Paribas Securities Corp. BNP Paribas New York
BNY Mellon Capital Markets, LLC Bank of New York Mellon Corp., The New York
BOSC, Inc. BOK Financial Corp. Kansas City
Capital Financial Services, INC. HSBC Holdings PLC Chicago
Capital One Southcoast, Inc. Capital One Financial Corp. Richmond
Chase Investment Services Corp. JPMorgan Chase & Co. New York
CIBC World Markets Corp. Canadian Imperial Bank of Commerce New York
Citigroup Global Markets, Inc. Citigroup, Inc. New York
Conservative Financial Services,
First State Bancshares, Inc. St. Louis
Inc.
Credit Agricole Securities (USA)
Fédération Nationale du Crédit Agricole (FNCA) New York
Inc.
Credit Suisse Securities (USA),
Credit Suisse Group New York
LLC
Crews and Associates, Inc. First Security Bancorp St. Louis
Deutsche Bank Securities, Inc. Deutsche Bank Aktiengesellschaft New York
DnB NOR Nor Markets, Inc. DnB NOR ASA New York
DZ Financial Markets, LLC DZ Bank AG New York
FBT Investments, Inc. First Trust Corporation Atlanta
First National Capital Markets,
Lauritzen Corp. Kansas City
Inc.
Fortis Securities, LLC BNP Paribas New York
Goldman, Sachs and Company Goldman, Sachs Group, The New York
H.D. Vest Investment Securities,
Wells Fargo & Company San Francisco
Inc.
HSBC Securities (USA), Inc. HSBC Holdings PLC Chicago
HSH N Financial Securities, LLC HSH NORDBANK AG New York
ICICI Securities ICICI Bank Limited New York
Itaú Europa Securities Inc. Itaúsa – Investimentos Itaú S.A. Atlanta
Itaú Securities, Inc. Itaúsa - Investimentos Itaú S.A. Atlanta
J.P. Morgan Securities, Inc. JPMorgan Chase & Co. New York
KBC Financial Products USA, Inc. Cera Ancora VZW New York
KeyBanc Capital Markets Keycorp Cleveland
M&I Financial Advisors, Inc. Marshall & Ilsley Corporation Chicago
Merrill Lynch, Pierce, Fenner &
Bank of America Corp. Richmond
Smith Inc.
Mitsubishi UFJ Securities (USA),
Mitsubishi UFJ Financial Group San Francisco
Inc.
Mizuho Securities USA Inc. Mizuho Financial Group, Inc. New York
Morgan Stanley & Co.
Morgan Stanley New York
Incorporated
Morgan Stanley Smith Barney,
Citigroup, Inc. New York
LLC
Morgan, Keegan & Company, Inc. Regions Financial Corp. Atlanta
National Bank of Canada
National Bank of Canada New York
Financial, Inc.
Natixis Bleichroeder LLC BPCE New York
Natixis Securities North America,
BPCE New York
Inc.
Newedge USA, LLC Société Générale New York
Northern Trust Securities, Inc. Northern Trust Corporation Chicago
Oriental Financial Services Corp. Oriental Financial Group Inc. New York
Pershing Advisor Solutions, LLC Bank of New York Mellon Corp., The New York
Pershing, LLC Bank of New York Mellon Corp., The New York
Popular Securities, Inc. Popular, Inc. New York
Coöperatieve Centrale Raiffeisen-Boerenleenbank
Rabo Securities USA, Inc. New York
B.A.,"Rabobank Nederland"
RBC Capital Markets Corp. Royal Bank of Canada Richmond
RBS Securities, Inc. UK Financial Investments Limited (UKFI) Boston
Santander Investment Securities, Banco Santander, S.A. New York
Inc.
Santander Securities Corp. Banco Santander, S.A. New York
Scotia Capital (USA), Inc. Bank of Nova Scotia, The New York
Scott & Stringfellow, Inc. BB&T Corp. Richmond
SG Americas Securities, LLC Société Générale New York
Stifel Nicolaus & Company, Inc. Stifel Financial Corp. St. Louis
SunTrust Investment Services,
SunTrust Banks, Inc. Atlanta
Inc.
SunTrust Robinson Humphrey,
SunTrust Banks, Inc. Atlanta
Inc.
Synovus Securities, Inc. Synovus Financial Corp. Atlanta
TD Ameritrade Clearing, Inc. Toronto-Dominion Bank, The New York
TD Ameritrade Inc. Toronto-Dominion Bank, The New York
TD Securities (USA), LLC Toronto-Dominion Bank, The New York
Thomas Weisel Partners LLC Stifel Financial Corp. St. Louis
U.S. Bancorp Investments, Inc. U.S. Bancorp Minneapolis
UBS Financial Services, Inc. UBS AG New York
UBS Securities, LLC UBS AG New York
Umpqua Investments, Inc. Umpqua Holdings Corp. San Francisco
Wayne Hummer Investments,
Wintrust Financial Corp. Chicago
LLC
Wells Fargo Advisors Financial
Wells Fargo & Company San Francisco
Network, LLC
Wells Fargo Advisors, LLC Wells Fargo & Company San Francisco
Wells Fargo Institutional
Wells Fargo & Company San Francisco
Securities, LLC
Wells Fargo Investments, LLC Wells Fargo & Company San Francisco
Wells Fargo Securites, LLC Wells Fargo & Company San Francisco

Financial Subsidiaries (Securities) of State Member Banks

As of September 30, 2010
Financial Subsidiaries of State Member Banks Parent Bank FR District
Comerica Securities, Inc. Comerica Bank Dallas
Fifth Third Securities, Inc. Fifth Third Bank Cleveland
Last update: February 11, 2011