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Deposits and Money Market Funding

Banco do Brasil, leader in the market of deposits, recorded R$519.0 billion in funding in the year, growth of 4.1% over the previous year, which reflects the clients' confidence in BB. Special emphasis is placed on savings deposits, which grew 17.9% in the year.

In foreign funding, special emphasis is placed on issues of securities maturing over 5 and 10 years through the Global Medium Term Notes (GMTN) program, performed realized in the months of January and April, which raised a total of US$1.45 billion. In October, Banco do Brasil completed the raising of US$660 million in 10-year notes, of which US$650 million were considered eligible for Capital Level II by Brazilian Central Bank, in the category of subordinated debt, which corresponds to an increase of 21 basis points in Banco do Brasil's Bis Ratio, compared to the end of September 2010.

At the end of 2010, the total balance of foreign borrowings amounted to US$25.3 billion, an increase of US$3.7 billion, or 16.9% compared to 2009.

Total funding

(R$ billion)(1)

(1) Since 2009 includes the portfolios of BV and BNC.

Foreign Funding

(R$ billion)(1)

(1) Since 2009 includes the portfolios of BV and BNC .
    Interbank Funding Lenders: 78 (2009) and 91 (2010)

Managements, Fund Raising and Government Programs

Constitutional Fund for the Financing of the Midwest (FCO)

The Constitutional Fund for the Financing of the Midwest (FCO) is an initiative by the Ministry for National Integration, that has the object of contributing to the social and economic development of the Midwest Region of the country, through financing directed to production activities, focused on the economic-industrial, agro-industrial, animal breeding, mineral, tourism, commercial and service sectors.

In 2010, BB financed R$4.3 billion in over 75,000 loan operations with funds from the FCO, serving 466 municipalities in the region. This number represents an increase of 33.6% compared to the previous year, and the highest volume contracted in one year since the creation of the Fund. Highlights tois the fact that 51.4% of the total benefited micro-mini and small size companies.

FCO - Accumulated Disbursement – (R$ billion)

Workers Support Fund (FAT)

The Workers Support Fund (FAT) is a special fund, of an accounting-financial nature, linked to the Ministry of Labour and Employment (MTE), destined for the funding of the program for unemployment benefits, salary bonuses and the financing of economic development programs.

Operations Guarantee Fund (FGO)

In 2010, the Operations Guarantee Fund established itself as an instrument of significant importance for the guaranteeing of credit for companies, particularly micro and small business.

Guarantee Fund for Public-Private Partnerships (FGP)

The Guarantee Fund for Public-Private Partnerships (FGP) has the purpose of guaranteeing the payment of pecuniary obligations by federal public partners as a virtue of the formalization of Public-Private Partnerships responding for their obligations with assets and rights that are part of their property.

Banco do Brasil manages the Guarantee Fund for Public-Private Partnerships (FGP), which has the objective of providing guarantees for the structuring of PPPs at the federal level. At the end of 2010, the net worth of this fund amounted to R$349.9 million.

At the end of 2010, the portfolio of loan operations with states and municipalities amounted to a total of R$3.132 billion, up 47% compared to the previous year. The operations contracted originate from specific credit lines for states and municipalities, focused, among other aspects, on investment in areas of significant social relevance, such as infrastructure works and the purchase of school buses for the public education network.