California Bond Underwriters and Credit Default Swaps (CDS)

Treasurer’s March 29, 2010 Letter to Major Banks Seeking Information

• Bank of America Merrill Lynch
• Barclays
• Citigroup
• Goldman Sachs
• JP Morgan
• Morgan Stanley

Bank Responses to March 29, 2010 Letter

• Bank of America Merrill Lynch
• Barclays
  • Municipal CDS Presentation – February 2009
  • Municipal CDS Presentation – January 2010
  • California Road Ahead Presentation – February 17, 2010
• Citigroup
• Goldman Sachs
• JP Morgan
• Morgan Stanley

Treasurer's May 5, 2010 Follow-Up Request for Information

• Bank of America Merrill Lynch
• Barclays
• Citigroup
• Goldman Sachs
• JP Morgan
• Morgan Stanley

Bank Responses to May 5, 2010 Letter

• Bank of America Merrill Lynch
  • Attachments
• Barclays
  • Attachments
• Citigroup
• Goldman Sachs
• JP Morgan
• Morgan Stanley
• Quotes From Bank Research Documents

Press Releases

• Treasurer Lockyer Releases Data on Major Banks’ Trading of Derivatives Linked to California Bonds
  April 22, 2010
• Treasurer Lockyer Urges Tougher Federal, International Leverage Limits to Curb Speculative Trading of Credit Default Swaps Linked to Municipal Bonds
  June 4, 2010