National City - Investor Relations

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

December 17, 2007

Date of Report (Date of earliest event reported)

NATIONAL CITY CORPORATION

(Exact name of registrant as specified in its charter)


Delaware	1-10074	34-1111088

(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)


1900 East Ninth Street, Cleveland, Ohio		44114-3484

(Address of principal executive offices)		(Zip Code)

(216) 222-2000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

    o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

    o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

    o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

    o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 7.01. REGULATION FD DISCLOSURE.

On December 17, 2007, National City Corporation (“National City”) included on its Web site at NationalCity.com the Mid-Quarter Update to its Financial Supplement that contains additional information through November 30, 2007. The purpose of this update is to assist investors, analysts, and other interested parties in their analysis of National City.

Reference is made to the Mid-Quarter Update to National City’s Financial Supplement, dated November 30, 2007, a copy of which is furnished as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.

The information in this Form 8-K and the Mid-Quarter Update to National City’s Financial Supplement, incorporated herein by reference, is being furnished, not filed, under Item 7.01 of this Form 8-K.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

   a)   Financial statements of businesses acquired: None

   b)   Pro forma financial information: None

   c)   Exhibit 99.1 — Mid-Quarter Update to Financial Supplement of National City Corporation, dated November 30, 2007

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	National City Corporation

	(Registrant)
Dated: December 17, 2007	By	/s/ David L. Zoeller

		David L. Zoeller Executive Vice President and General Counsel

Exhibit 99.1

Unaudited
Mid-Quarter Update to Financial Supplement
November 30, 2007

Table of Contents


REVIEW OF FINANCIAL TRENDS			2
CONSOLIDATED SELECTED AVERAGE BALANCES			4
CREDIT QUALITY STATISTICS			5
CAPITALIZATION			6
FULL-TIME EQUIVALENT EMPLOYEES BY LINE OF BUSINESS			6
RETAIL BANKING PERFORMANCE MEASURES			7
ASSET MANAGEMENT PERFORMANCE MEASURES			8
MORTGAGE BANKING STATISTICS			8
RUN-OFF LOAN PORTFOLIO STATISTICS			9

National City Corporation
Review of Financial Trends

This review contains forward-looking statements. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date. The forward-looking statements are based on management’s expectations and are subject to a number of risks and uncertainties. Although management believes the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements. Risks and uncertainties that could cause actual results to differ materially include, without limitation, the Corporation’s ability to effectively execute its business plans; changes in general economic and financial market conditions; changes in interest rates; changes in the competitive environment; continuing consolidation in the financial services industry; new litigation or changes in existing litigation; losses, customer bankruptcy, claims and assessments; changes in banking regulations or other regulatory or legislative requirements affecting the Corporation’s business; and changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies. Additional information concerning factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements is available in the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2006, and subsequent filings with the United States Securities and Exchange Commission (SEC). Copies of these filings are available at no cost on the SEC’s Web site at www.sec.gov or on the Corporation’s Web site at www.NationalCity.com. Management may elect to update forward-looking statements at some future point; however, it specifically disclaims any obligation to do so.

General Trends

Loan and deposit growth and general operating trends remain steady in the retail and corporate banking businesses. The mortgage business continues to be under stress.

Net interest margin has narrowed as purchased funding costs, which are mainly LIBOR-based, have increased. At the same time, yields on prime-based assets have come down with a lower Federal funds rate. As a result, net interest income is likely to be flat to down slightly for the fourth quarter relative to the third quarter. Banking-related fee income trends have been steady. Noninterest expenses, other than severance costs and nonrecurring items, are on a generally declining trend as the effects of cost reduction initiatives take hold.

Mortgage Banking

During October and November, substantially all non-agency eligible mortgages, second liens, and home equity lines were cleared from the mortgage warehouse, either by settlement of existing committed trades or by transfer to portfolio. As a result, charges of approximately $200 million were incurred in October and November, reflected in loan sale revenue, owing to trade fallout, “scratch

and dent” losses, unfavorable mark-to-market adjustments, and generally poor conditions in the mortgage markets. As of the end of November, the balance of loans in the warehouse consisted mainly of agency-eligible and other loans deemed readily salable, and no additional losses of significance are expected. At the same time, loan servicing revenue has benefited from slower prepayment activity and improved net MSR hedging results.

Credit Quality

Credit quality in the commercial and core consumer portfolios, including direct home equity lending, remains satisfactory. The areas of elevated risk continue to be in the run-off portfolios of First Franklin non-prime mortgages, especially seconds; broker-originated home equity loans and lines of credit associated with the former National Home Equity business; and certain sectors of investment real estate and residential construction. In particular, indirect home equity loans and lines that were transferred to portfolio in the third quarter have shown further deterioration beyond that which was anticipated at the time the September 30 loan loss allowance was established. As a result, additional loan loss provision will be required in the fourth quarter to increase the allowance to a level commensurate with management’s best estimate of the probable loss content of these portfolios. While the exact amounts will not be determinable until after the close of the year, it is expected that the total provision for loan losses for the fourth quarter will be in the area of $700 million.

Other

As discussed in the Corporation’s third quarter Form 10-Q, National City has an equity interest of approximately 8% in Visa USA. The current carrying value of that interest is zero. The Corporation, along with several other banks and Visa, has executed a Loss Sharing Agreement (LSA) with respect to certain pending litigation involving the Corporation and/Visa, which agreement became effective with the reorganization of Visa Inc. from a membership association to a stock company in early October. The accounting for the LSA, as well as other matters relating to the Visa reorganization, is currently under review with the Corporation’s external auditors and the Office of the Chief Accountant of the Securities and Exchange Commission. Depending on the outcome of that review, the Corporation may be required to record a non-cash charge, magnitude currently undetermined, for the estimated fair value of the LSA.

Unaudited
National City Corporation
Mid-Quarter Update to Financial Supplement
CONSOLIDATED SELECTED AVERAGE BALANCES
($ in millions)


	November		October		September		August		July		June		May		April		March		February		January		December		November
	2007		2007		2007		2007		2007		2007		2007		2007		2007		2007		2007		2006		2006

ASSETS
Available for sale securities, at cost	$	8,841	$	8,907	$	8,963	$	7,368	$	7,210	$	7,126	$	7,112	$	7,191	$	7,434	$	7,762	$	7,923	$	7,709	$	7,854

Portfolio loans:
Commercial	$	30,055	$	29,571	$	29,172	$	28,507	$	28,187	$	28,160	$	28,207	$	27,682	$	27,175	$	26,868	$	26,956	$	26,725	$	26,226
Commercial leases		4,397		4,370		4,255		4,187		4,264		4,123		4,046		4,013		3,951		3,979		4,012		3,892		3,692
Commercial construction		8,938		8,736		8,595		8,108		7,984		7,879		7,862		7,820		7,723		7,606		7,503		7,166		6,892
Commercial real estate		14,560		14,573		14,607		13,091		12,979		12,952		12,939		12,867		12,890		13,021		13,022		12,376		11,861
Residential real estate:
Bank portfolio and other		14,246		14,183		13,912		10,603		10,540		10,379		10,274		10,200		10,104		9,946		9,521		7,768		6,095
First Franklin⁽¹⁾		6,237		6,453		6,653		6,910		7,192		7,433		7,725		7,968		8,379		6,802		7,222		7,685		8,046
Home equity installment		8,655		8,687		8,719		8,807		6,389		6,435		6,389		6,350		6,349		6,368		6,397		6,408		6,247

Total residential real estate loans		29,138		29,323		29,284		26,320		24,121		24,247		24,388		24,518		24,832		23,116		23,140		21,861		20,388
Home equity lines of credit		17,925		17,636		17,450		15,644		13,791		13,829		13,985		14,217		14,376		14,115		14,707		14,721		14,861
Credit card and other unsecured lines of credit		3,633		3,555		3,456		3,352		3,264		3,207		3,105		2,986		2,953		3,046		3,061		2,859		2,803
Other consumer		4,529		4,553		4,581		3,769		4,571		5,175		5,392		5,458		5,467		5,498		5,484		5,462		5,253

Total portfolio loans	$	113,175	$	112,317	$	111,400	$	102,978	$	99,161	$	99,572	$	99,924	$	99,561	$	99,367	$	97,249	$	97,885	$	95,062	$	91,976

Loans held for sale or securitization:
Commercial	$	122	$	200	$	103	$	87	$	49	$	38	$	42	$	31	$	43	$	38	$	35	$	33	$	35
Commercial real estate		280		340		317		439		398		287		210		181		120		149		250		91		39
Residential real estate:
National City Mortgage		7,372		8,522		9,175		8,421		8,181		8,051		7,746		7,216		6,450		6,279		6,283		5,843		5,547
First Franklin⁽¹⁾		—		—		—		—		—		—		—		—		96		1,671		1,703		5,571		8,936
Home equity installment		563		711		718		1,176		2,534		2,070		1,836		1,511		879		926		1,306		959		581

Total residential real estate loans held for sale		7,935		9,233		9,893		9,597		10,715		10,121		9,582		8,727		7,425		8,876		9,292		12,373		15,064
Credit card loans		—		—		—		—		—		—		—		—		260		425		425		253		—
Home equity lines of credit		651		949		1,102		1,526		3,664		3,075		2,986		2,555		2,121		2,789		3,109		2,682		2,236
Student loans		—		1		1		2		1		1		1		1		—		—		—		1		4

Total loans held for sale or securitization	$	8,988	$	10,723	$	11,416	$	11,651	$	14,827	$	13,522	$	12,821	$	11,495	$	9,969	$	12,277	$	13,111	$	15,433	$	17,378

LIABILITIES
Deposits:
Noninterest bearing	$	16,791	$	17,001	$	16,999	$	16,389	$	16,692	$	16,871	$	16,726	$	17,034	$	17,604	$	16,268	$	16,566	$	17,101	$	16,507
NOW and money market accounts		37,755		37,167		36,904		34,502		33,950		33,809		33,368		33,857		33,394		32,549		31,800		30,343		29,370
Savings accounts		2,947		2,927		3,023		2,152		2,214		2,290		2,338		2,406		2,477		2,459		2,366		1,889		1,790
Consumer time		29,686		29,919		29,989		26,073		25,740		25,292		25,031		24,884		24,629		24,459		24,338		23,641		22,198

Core deposits		87,179		87,014		86,915		79,116		78,596		78,262		77,463		78,181		78,104		75,735		75,070		72,974		69,865
Other		3,798		3,641		3,688		3,401		3,145		3,188		3,395		3,568		3,641		3,952		4,179		4,320		4,375
Foreign		7,226		7,660		7,210		8,145		10,428		9,196		9,372		7,440		7,261		7,575		7,968		7,840		10,147

Total deposits	$	98,203	$	98,315	$	97,813	$	90,662	$	92,169	$	90,646	$	90,230	$	89,189	$	89,006	$	87,262	$	87,217	$	85,134	$	84,387

Federal funds borrowed and security repurchase agreements	$	6,324	$	6,596	$	6,103	$	6,085	$	6,338	$	7,098	$	6,567	$	6,031	$	5,288	$	5,264	$	4,681	$	6,405	$	7,100
Borrowed funds		1,626		2,021		2,612		2,816		2,350		2,943		3,062		2,588		1,264		1,232		1,223		1,290		2,098
Long-term debt		28,167		28,014		29,156		26,661		23,194		23,164		22,883		23,297		24,233		25,018		26,229		26,251		25,839
Memo:
Noninterest bearing escrow balances	$	3,569	$	3,658	$	3,636	$	3,720	$	3,782	$	3,909	$	3,759	$	3,620	$	3,448	$	3,379	$	3,329	$	4,004	$	4,169
Interest bearing escrow balances		165		160		156		157		158		156		153		155		157		153		150		135		136
Noninterest bearing deposits excluding escrow balances		13,222		13,343		13,363		12,669		12,910		12,962		12,967		13,414		14,156		12,889		13,237		13,097		12,338
Core deposits excluding escrow balances		83,445		83,196		83,123		75,239		74,656		74,197		73,551		74,406		74,499		72,203		71,591		68,835		65,560


⁽¹⁾		Represents nonconforming residential real estate loans originated by the former First Franklin and/or Altegra/Loan Zone business units. These portfolios are in run-off.

Unaudited
National City Corporation
Mid-Quarter Update to Financial Supplement
CREDIT QUALITY STATISTICS
($ in millions)


	November		October		September		August		July		June			May		April		March		February		January		December		November
	2007		2007		2007		2007		2007		2007			2007		2007		2007		2007		2007		2006		2006

CHARGE-OFFS & RECOVERIES
Charge-offs:
Commercial	$	17	$	13	$	8	$	3	$	6	$	5		$	6	$	3	$	7	$	3	$	2	$	23	$	9
Commercial leases		4		3		1		4		3		3			2		11		20		1		1		2		1
Commercial construction		5		2		4		2		4		2			3		—		4		1		—		11		—
Commercial real estate		6		6		4		2		1		1			1		1		2		1		—		5		(1	)
Residential real estate		38		33		23		37		11		23			22		10		45		11		12		20		14
Home equity lines of credit		13		12		18		10		6		6			8		6		1		9		13		12		7
Credit card and other unsecured lines of credit		12		10		10		9		10		10			9		9		11		12		12		10		8
Other consumer		7		8		6		4		3		5			4		4		5		5		4		5		5

Total charge-offs		102		87		74		71		44		55			55		44		95		43		44		88		43

Recoveries:
Commercial		1		4		3		1		2		2			1		2		2		1		2		4		3
Commercial leases		1		1		—		2		1		3			2		1		3		1		2		1		1
Commercial construction		—		—		—		—		—		—			—		—		—		—		—		1		—
Commercial real estate		1		—		1		—		3		(1	)		1		4		1		—		—		1		—
Residential real estate		4		1		9		9		2		3			14		5		1		2		2		3		4
Home equity lines of credit		3		2		2		3		2		4			2		2		3		2		1		1		1
Credit card and other unsecured lines of credit		1		1		1		1		1		2			1		1		2		2		1		1		1
Other consumer		3		2		1		2		2		3			2		2		2		2		3		1		2

Total recoveries		14		11		17		18		13		16			23		17		14		10		11		13		12

Net charge-offs	$	88	$	76	$	57	$	53	$	31	$	39		$	32	$	27	$	81	$	33	$	33	$	75	$	31

NONPERFORMING ASSETS
Commercial	$	155	$	156	$	142	$	144	$	122	$	117		$	100	$	103	$	107	$	100	$	89	$	92	$	117
Commercial leases		9		7		10		9		7		8			4		6		13		34		34		32		35
Commercial construction		258		235		234		144		111		108			109		119		119		111		113		109		107
Commercial real estate		192		185		181		166		140		138			115		124		118		115		109		111		96
Residential real estate:
National City Mortgage and other		257		258		193		150		128		116			106		113		111		114		100		91		101
First Franklin ⁽¹⁾		101		89		86		86		85		75			82		82		68		68		67		65		65

Total real estate — residential		358		347		279		236		213		191			188		195		179		182		167		156		166

Home equity lines of credit		16		21		15		—		—		—			—		—		—		—		—		—		—
Total nonperforming portfolio loans		988		951		861		699		593		562			516		547		536		542		512		500		521
Other real estate owned (OREO):
Commercial		6		4		4		3		3		3			—		—		—		—		1		1		—
Residential real estate:
National City Mortgage and other		141		138		130		108		107		114			120		124		121		122		113		109		93
First Franklin ⁽¹⁾		229		204		179		172		163		157			133		130		136		95		98		116		122

Total real estate — residential		370		342		309		280		270		271			253		254		257		217		211		225		215

Other		10		10		11		11		11		10			8		6		6		6		6		3		1
Total OREO		386		356		324		294		284		284			261		260		263		223		218		229		216
Mortgage loans held for sale and other		26		25		26		27		1		2			1		1		2		7		6		3		24

Total Nonperforming Assets	$	1,400	$	1,332	$	1,211	$	1,020	$	878	$	848		$	778	$	808	$	801	$	772	$	736	$	732	$	761

LOANS 90+ DAYS PAST DUE ACCRUING INTEREST
Commercial	$	39	$	41	$	42	$	36	$	47	$	45		$	46	$	27	$	46	$	28	$	27	$	31	$	47
Commercial leases		—		—		—		—		—		—			1		1		—		—		—		—		1
Commercial construction		69		72		66		85		71		66			41		21		30		19		11		13		19
Commercial real estate		52		41		57		38		33		38			42		20		31		21		22		18		22
Residential real estate:
National City Mortgage and other		615		494		418		330		280		249			216		191		170		149		152		137		136
First Franklin⁽¹⁾		785		739		734		654		636		619			638		638		644		581		565		567		582

Total real estate — residential		1,400		1,233		1,152		984		916		868			854		829		814		730		717		704		718

Home equity lines of credit		89		59		55		48		29		27			31		49		47		49		44		37		41
Credit card and other unsecured lines of credit		41		37		34		30		29		28			30		29		35		37		37		35		31
Other consumer		16		13		11		9		9		9			9		8		10		10		11		11		10
Mortgage loans held for sale and other		25		59		43		33		41		28			18		18		19		117		108		89		81

Total Loans 90+ Days Past Due	$	1,731	$	1,555	$	1,460	$	1,263	$	1,175	$	1,109		$	1,072	$	1,002	$	1,032	$	1,011	$	977	$	938	$	970


⁽¹⁾		Represents nonconforming residential real estate loans originated by the former First Franklin and/or Altegra/Loan Zone business units. These portfolios are in run-off.

Unaudited
National City Corporation
Mid-Quarter Update to Financial Supplement
CAPITALIZATION (Period End)
(In millions, except per share data)


	November		October			September			August			July		June		May			April			March			February			January			December			November
	2007		2007			2007			2007			2007		2007		2007			2007			2007			2007			2007			2006			2006

COMMON STOCK ROLLFORWARD
Beginning balance		633.8		633.3			567.4			567.6			566.3		566.1		575.8			595.5			649.9			648.1			632.4			602.6			602.2
Shares issued under stock award plans		—		.6			.4			.1			1.3		.2		.1			.5			1.4			2.2			2.2			.4			.6
Shares issued for acquisitions		—		—			66.6			—			—		—		—			—			—			—			13.7			29.5			—
Shares repurchased under repurchase authorizations		—		(.1	)		(1.0	)		—			—		—		(9.8	)		(20.1	)		(55.2	)		—			—			—			—
Shares exchanged for stock award plans		—		—			(.1	)		(.3	)		—		—		—			(.1	)		(.6	)		(.4	)		(.2	)		(.1	)		(.2	)

Ending balance		633.8		633.8			633.3			567.4			567.6		566.3		566.1			575.8			595.5			649.9			648.1			632.4			602.6

COMMON STOCK REPURCHASE ACTIVITY
Number of common shares repurchased⁽¹⁾		—		.1			1.0			—			—		—		9.8			20.1			55.2			—			—			—			—
Average price per share of repurchased common shares		—	$	26.22		$	25.77			—			—		—	$	35.86		$	36.76		$	38.30			—			—			—			—
Total cost		—	$	2.6		$	25.8			—			—		—	$	349.3		$	740.1		$	2,113.7			—			—			—			—
Common shares remaining under authorization⁽¹⁾		37.6		37.6			37.7			38.7			38.7		38.7		38.7			48.5			28.6			43.5			43.5			43.5			13.5
Shares outstanding:
Average basic		633.3		633.2			633.3			566.8			565.8		565.5		569.6			583.2			605.2			648.2			643.3			631.2			602.4
Average diluted		635.8		637.0			637.6			570.2			571.4		572.4		577.3			591.6			613.7			657.6			651.9			640.0			611.2


⁽¹⁾		In April 2007, National City’s Board of Directors authorized the repurchase of an additional 40 million shares of issued and outstanding common stock.

FULL-TIME EQUIVALENT EMPLOYEES BY LINE OF BUSINESS(1)


	November		October		September		August		July		June		May		April		March		February		January		December		November
	2007		2007		2007		2007		2007		2007		2007		2007		2007		2007		2007		2006		2006

Line of business staff:
Retail Banking		15,011		14,898		15,043		13,777		13,672		13,640		13,527		13,470		13,416		13,375		13,424		12,843		12,371
Commercial Banking-Regional		1,385		1,417		1,416		1,368		1,361		1,343		1,355		1,346		1,361		1,344		1,343		1,292		1,287
Commercial Banking-National		1,108		1,125		1,126		1,120		1,121		1,109		1,115		1,110		1,115		1,117		1,112		1,103		1,120
Mortgage Banking		6,274		6,766		7,210		7,452		7,508		7,599		7,627		7,660		7,371		7,370		7,342		7,289		7,245
Asset Management		1,545		1,564		1,568		1,553		1,534		1,528		1,518		1,520		1,532		1,514		1,518		1,513		1,508
Corporate support staff⁽²⁾⁽³⁾		7,481		7,603		7,661		7,326		7,285		7,226		7,184		7,217		7,516		7,557		7,507		7,230		10,220

Total Employees		32,804		33,373		34,024		32,596		32,481		32,445		32,326		32,323		32,311		32,277		32,246		31,270		33,751


⁽¹⁾		Represents period-end, active, full-time equivalent employees.

⁽²⁾		Personnel expense associated with corporate staff are allocated to the lines of business either directly based on usage or indirectly as part of the general overhead allocation process.

⁽³⁾		Periods prior to December 2006 include full-time equivalent employees associated with the First Franklin and National City Home Loan Services business units which were sold in December 2006.

Unaudited
National City Corporation
Mid-Quarter Update to Financial Supplement
RETAIL BANKING PERFORMANCE MEASURES
($ in millions)


	November		October		September		August		July		June		May		April		March		February		January		December		November
	2007		2007		2007		2007		2007		2007		2007		2007		2007		2007		2007		2006		2006

Average Total Deposits⁽¹⁾	$	73,082	$	72,935	$	72,748	$	65,243	$	64,723	$	64,331	$	63,786	$	63,814	$	63,025	$	62,154	$	61,280	$	56,932	$	56,486

DEPOSIT ACCOUNT METRICS⁽¹⁾⁽²⁾
Personal Deposits:
Noninterest Bearing Checking Average total balance	$	3,403	$	3,421	$	3,508	$	3,197	$	3,244	$	3,318	$	3,354	$	3,524	$	3,444	$	3,345	$	3,219	$	2,997	$	2,916
Number of accounts⁽³⁾		1,808		1,813		1,816		1,813		1,805		1,796		1,782		1,779		1,782		1,776		1,781		1,685		1,689
Interest Bearing Checking Average total balance	$	9,316	$	9,202	$	9,297	$	8,721	$	8,757	$	8,912	$	8,925	$	9,218	$	9,013	$	8,829	$	8,765	$	8,256	$	8,077
Number of accounts⁽³⁾		1,157		1,161		1,165		1,167		1,171		1,175		1,176		1,179		1,183		1,180		1,168		1,127		1,122
Money Market Savings Average total balance	$	18,711	$	18,299	$	17,949	$	16,520	$	16,265	$	16,069	$	15,809	$	15,574	$	15,396	$	15,052	$	14,714	$	14,044	$	13,860
Number of accounts⁽³⁾		1,373		1,332		1,293		1,241		1,200		1,154		1,109		1,066		1,019		1,024		997		972		960
Regular savings Average total balance	$	2,651	$	2,699	$	2,761	$	1,845	$	1,915	$	1,984	$	2,029	$	2,066	$	2,069	$	2,058	$	1,996	$	1,532	$	1,555
Number of accounts⁽³⁾		499		507		517		525		537		551		559		567		575		583		589		534		540

Business Deposits:
Average total balance	$	9,539	$	9,626	$	9,445	$	8,949	$	8,827	$	8,797	$	8,630	$	8,563	$	8,486	$	8,409	$	8,305	$	7,869	$	7,878
Number of accounts⁽³⁾		450		448		447		444		443		441		438		436		434		433		431		405		405

Time Deposits:
Average total balance	$	28,591	$	28,843	$	28,950	$	25,193	$	24,870	$	24,428	$	24,180	$	24,010	$	23,743	$	23,579	$	23,478	$	21,480	$	21,465
Number of accounts⁽³⁾		1,084		1,087		1,128		1,120		1,120		1,123		1,117		1,111		1,110		1,132		1,129		1,055		1,061

CONSUMER LOAN PRODUCTION METRICS (# of loans)⁽²⁾⁽⁴⁾
Installment loan originations:
Home equity⁽⁵⁾		1,099		1,300		1,599		1,933		2,085		2,315		2,440		2,191		2,116		1,992		1,608		1,718		2,124
Other⁽⁶⁾		2,175		2,605		2,436		3,015		3,045		2,841		2,868		2,654		2,487		1,591		1,943		1,814		2,126
Home equity and other lines of credit		12,245		8,848		6,669		7,648		6,806		7,748		7,493		6,833		6,825		5,387		4,911		5,355		5,833

Total consumer loan originations		15,519		12,753		10,704		12,596		11,936		12,904		12,801		11,678		11,428		8,970		8,462		8,887		10,083


BANK BRANCHES AND OTHER
Total bank branches		1,445		1,442		1,442		1,360		1,359		1,357		1,358		1,358		1,357		1,361		1,357		1,303		1,254
ATMs		2,227		2,226		2,225		2,106		2,102		2,101		2,096		2,098		2,098		2,092		2,088		2,013		1,965
Online banking customers		2,160,343		2,104,234		2,053,894		1,949,479		1,908,990		1,872,661		1,828,397		1,795,588		1,760,334		1,720,157		1,692,859		1,680,939		1,621,800


⁽¹⁾		Restated to reflect the reassignment of certain deposits with the Commercial Banking-Regional line of business.

⁽²⁾		Excludes Education Finance and National City Card Services. Additionally, home equity loans generated by the Mortgage Banking line of business are excluded from the consumer loan production metrics.

⁽³⁾		Represents period-end number of accounts in thousands.

⁽⁴⁾		Includes amounts associated with the Harbor and Fidelity acquisitions beginning April 2007. Additionally, excludes amounts associated with the MAF acquisition.

⁽⁵⁾		Represents closed-end home equity installment loans included in real estate residential portfolio loans on the consolidated balance sheet.

⁽⁶⁾		Represents other secured installment loans.

Unaudited
National City Corporation
Mid-Quarter Update to Financial Supplement
ASSET MANAGEMENT PERFORMANCE MEASURES
($ in millions)


	November			October			September			August			July			June			May		April			March			February			January		December			November
	2007			2007			2007			2007			2007			2007			2007		2007			2007			2007			2007		2006			2006

ASSETS UNDER ADMINISTRATION
Managed assets:
Value at beginning of period	$	65,323		$	65,587		$	64,037		$	62,927		$	64,560		$	63,703		$	62,136	$	62,186		$	61,929		$	62,322		$	61,369	$	61,805		$	60,546
Acquisition		—			—			—			—			—			—			—		—			—			—			99		—			—
Estimated change due to market impact		(1,227	)		719			1,553			732			(860	)		(113	)		1,207		1,199			541			(117	)		491		28			651
Other activity, net		272			(983	)		(3	)		378			(773	)		970			360		(1,249	)		(284	)		(276	)		363		(464	)		608

Value at end of period		64,368			65,323			65,587			64,037			62,927			64,560			63,703		62,136			62,186			61,929			62,322		61,369			61,805

Non-managed assets:
Value at beginning of period		51,913			51,277			50,698			51,610			52,886			54,400			53,155		51,729			51,544			51,326			50,823		51,831			51,725
Acquisition		—			—			—			—			—			—			—		—			—			—			19		—			—
Estimated change due to market impact		(859	)		542			981			293			(993	)		(361	)		770		1,154			606			(66	)		450		744			595
Other activity, net		188			94			(402	)		(1,205	)		(283	)		(1,153	)		475		272			(421	)		284			34		(1,752	)		(489	)

Value at end of period		51,242			51,913			51,277			50,698			51,610			52,886			54,400		53,155			51,729			51,544			51,326		50,823			51,831

Total assets at end of period	$	115,610		$	117,236		$	116,864		$	114,735		$	114,537		$	117,446		$	118,103	$	115,291		$	113,915		$	113,473		$	113,648	$	112,192		$	113,636

Proprietary mutual fund assets (included above)	$	13,199		$	13,060		$	13,492		$	13,303		$	13,083		$	13,339		$	13,256	$	12,984		$	13,247		$	13,089		$	12,999	$	12,672		$	12,545

MORTGAGE BANKING STATISTICS
($ in millions)


	November			October			September			August			July			June			May			April			March			February			January			December			November
	2007			2007			2007			2007			2007			2007			2007			2007			2007			2007			2007			2006			2006

ORIGINATION AND SALES DATA
Applications⁽¹⁾	$	5,037		$	5,710		$	6,157		$	6,662		$	8,366		$	8,246		$	8,402		$	8,070		$	8,941		$	6,725		$	6,700		$	6,214		$	6,323
Percentage of applications represented by refinances		59	%		52	%		52	%		47	%		50	%		48	%		51	%		53	%		54	%		55	%		59	%		63	%		59	%
Originations:
Retail	$	1,612		$	1,778		$	1,626		$	2,283		$	2,336		$	2,598		$	2,616		$	2,541		$	2,508		$	2,014		$	2,158		$	2,302		$	2,162
Wholesale		944			1,646			1,441			1,951			2,247			2,162			2,145			2,176			1,887			1,432			1,834			1,669			1,429
Less: loan originations for portfolio and other units		(145	)		(156	)		(148	)		(330	)		(402	)		(436	)		(428	)		(384	)		(389	)		(333	)		(363	)		(377	)		(409	)

Total originations for sale	$	2,411		$	3,268		$	2,919		$	3,904		$	4,181		$	4,324		$	4,333		$	4,333		$	4,006		$	3,113		$	3,629		$	3,594		$	3,182

Percentage of originations represented by refinances		47	%		50	%		44	%		44	%		45	%		45	%		51	%		55	%		54	%		59	%		63	%		59	%		56	%
Loan Sales:
Loans sold servicing retained	$	4,252		$	3,280		$	2,682		$	3,626		$	3,275		$	3,777		$	3,277		$	2,673		$	3,107		$	2,710		$	2,784		$	2,377		$	2,564
Loans sold servicing released		130			28			67			84			304			200			229			341			286			181			202			328			358

Total loan sales	$	4,382		$	3,308		$	2,749		$	3,710		$	3,579		$	3,977		$	3,506		$	3,014		$	3,393		$	2,891		$	2,986		$	2,705		$	2,922

SERVICING DATA
Mortgage loans serviced for third parties	$	177,435		$	174,925		$	173,682		$	169,668		$	168,573		$	167,357		$	166,014		$	165,223		$	164,733		$	164,051		$	163,377		$	162,264		$	161,984
HOME EQUITY SALE DATA⁽²⁾
HELOCs sold servicing retained	$	340			—			—		$	684			—		$	394			—		$	69		$	633		$	803		$	346			—		$	843
HELOCs sold servicing released		—			—			—			—			—			—			—			—			—			—			—			—			—
HELOANs sold servicing retained		—			—			—			—			—			323		$	348			—			399			726			—			—			227
HELOANs sold servicing released		303			—			—			—		$	217			—			—			—			—			—			—			—			230

Total sales	$	643			—			—		$	684		$	217		$	717		$	348		$	69		$	1,032		$	1,529		$	346			—		$	1,300


⁽¹⁾		Includes loans originated for sale and held in portfolio.

⁽²⁾		Represents loans originated by the former National Home Equity business unit.

Unaudited
National City Corporation
Mid-Quarter Update to Financial Supplement
RUN-OFF LOAN PORTFOLIO STATISTICS
($ in millions)


	November			October			September			August			July			June			May			April			March			February			January			December			November
	2007			2007			2007			2007			2007			2007			2007			2007			2007			2007			2007			2006			2006

RESIDENTIAL REAL ESTATE
NONCONFORMING LOANS⁽¹⁾:
Period-end portfolio balance	$	6,227		$	6,442		$	6,648		$	6,887		$	7,181		$	7,419		$	7,716		$	7,953		$	8,217		$	6,495		$	6,983		$	7,480		$	7,903
Weighted-average note rate		8.21	%		8.19	%		8.18	%		8.08	%		8.02	%		8.00	%		7.98	%		7.92	%		7.91	%		7.88	%		7.83	%		7.98	%		7.92	%
Weighted-average loan size	$	93,713		$	93,582		$	93,460		$	93,592		$	93,756		$	92,321		$	92,875		$	93,539		$	94,261		$	91,019		$	91,761		$	92,690		$	93,614
Weighted-average credit score⁽²⁾⁽³⁾		625			624			624			624			624			624			624			627			628			628			629			629			629
First-lien weighted-average loan-to-value ratio⁽⁴⁾		78.20	%		78.20	%		78.21	%		78.23	%		78.22	%		77.17	%		77.23	%		77.34	%		77.38	%		77.61	%		77.63	%		77.70	%		77.75	%
Net charge-offs	$	12		$	12		$	1		$	18		$	4		$	17		$	8			—		$	40		$	6		$	7		$	8		$	6
Loans 90 days past due		785			739			734			654			636			619			638		$	638			642			580			564			566			580
Portfolio delinquency rate		27.23	%		27.61	%		24.49	%		23.71	%		22.88	%		21.37	%		20.97	%		19.35	%		20.89	%		21.08	%		20.82	%		20.92	%		18.98	%
HOME EQUITY LOANS(HELOAN)⁽⁵⁾:
Period-end portfolio balance	$	3,784		$	3,448		$	3,486		$	3,509		$	1,232		$	1,258		$	1,303		$	1,302		$	1,331		$	1,350		$	1,387		$	1,412		$	1,403
Weighted-average credit score⁽²⁾⁽³⁾		725			727			729			734			738			738			738			738			737			738			738			738			738
Weighted-average cumulative loan-to-value ratio⁽⁶⁾		89.13	%		89.15	%		89.19	%		89.19	%		89.21	%		89.24	%		89.26	%		89.30	%		89.35	%		89.34	%		89.37	%		89.38	%		89.41	%
Net charge-offs	$	8		$	5		$	4		$	3			—		$	1			—		$	1		$	1			—			—			—		$	1
Loans 90 days past due		32			26			15			10		$	2			2		$	1			1			1		$	1		$	1		$	1			1
HOME EQUITY LINES OF CREDIT(HELOC)⁽⁵⁾:
Period-end portfolio balance	$	7,565		$	7,328		$	7,187		$	7,336		$	4,768		$	5,025		$	5,084		$	5,241		$	5,424		$	5,541		$	5,748		$	5,928		$	6,156
Weighted-average credit score⁽²⁾⁽³⁾		725			726			728			724			729			730			730			730			729			729			729			731			731
Weighted-average cumulative loan-to-value ratio⁽⁶⁾		78.24	%		78.23	%		78.23	%		78.26	%		78.24	%		78.09	%		79.40	%		79.51	%		79.59	%		79.55	%		79.51	%		79.54	%		79.64	%
Utilization rate		49	%		51	%		50	%		49	%		47	%		46	%		47	%		47	%		48	%		48	%		49	%		49	%		49	%
Net charge-offs	$	7		$	7		$	14		$	5		$	2		$	2		$	4		$	1		$	4		$	1		$	5		$	7		$	4
Loans 90 days past due		52			36			29			31			14			13			17			18			21			22			21			19			22


⁽¹⁾		Represents nonconforming residential real estate loans originated by the former First Franklin business unit. As First Franklin was sold in December 2006, this portfolio is in run-off.

⁽²⁾		Represents the Fair Isaac Corporation FICO^® score, a benchmark credit rating system used by most financial companies and National City Corporation. National City is not affiliated with Fair Isaac Corporation and obtains FICO^® scores from third-party credit bureaus.

⁽³⁾		Based upon most recent available FICO^® score for borrowers. FICO^® scores are updated quarterly.

⁽⁴⁾		Based upon period-end first-lien mortgage loan balance divided by the most recent obtained value of the underlying mortgaged property.

⁽⁵⁾		Represents loans originated by the former National Home Equity business unit. These portfolios are in run-off.

⁽⁶⁾		Based upon period-end first-lien and second-lien mortgage loan balances divided by the obtained value of the underlying mortgaged property at the time of origination.