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## Condensed Statements of Cash Flows 

<img src='content_image/38239.jpg'>

Effective January 1, 2001, certain company-wide functions previously included in the parent company transferred, with related assets and liabilities, to TCF National Bank. 

## 28. Litigation and Contingent Liabilities 

From time to time, TCF is a party to legal proceedings arising out of its lending, leasing, deposit operations or other activities. TCF engages in foreclosure proceedings and other collection actions as part of its loan and leasing collection activities. From time to time, borrowers and other customers have also brought actions against TCF, in some cases claiming substantial amounts of damages. Some financial 

services companies have been subjected to significant exposure in connection with litigation, including class action litigation and puni- tive damage claims, and it is possible that the Company could be sub- jected to such a claim in an amount which could be material. Based upon a review with its legal counsel, management believes that the ultimate disposition of pending litigation will not have a material effect on TCF’s financial condition. 

