Financial record, 2003-02

EFTA00195749¶

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶

ACCOUNT EXECUTIVE	GNMA GOVT BOND
VISIT OUR WEBSITE	www.bearstearns.com

What’s In This Statement¶

Financial Summary 3¶

Your Portfolio Holdings … 4¶

Transaction Detail …¶

Trades Not Yet Settled … 11¶

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSIDIARY¶

FINANCIAL TRUST CO INC

C/O JEFFREY EPSTEIN

6100 RED HOOK QUARTER

ST B3

ST THOMAS VI 00802

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

FINANCIAL TRUST CO INC¶

STATEMENT PERIOD February 1, 2003¶

There are no “Stop Loss” orders or other pending buy or sell open orders on file for your account.¶

ACCOUNT NUMBER¶

Your Portfolio at a Glance¶

THROUGH February 28, 2003¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | January 31, 2003 |¶

| :--- | :--- |¶

TOTAL VALUE OF SECURITIES THIS PERIOD	23,198,123
LONG ACCRUED INTEREST	307,301
NET CREDIT BALANCE	385,776
NET EQUITY THIS PERIOD	$23,891,200
NET EQUITY LAST STATEMENT	22,986,053
CHANGE SINCE LAST STATEMENT	905,147

Market Value of Your Portfolio¶

SIPC¶

This summary is for informational purposes only. It is not intended as a tax document.¶

This statement should be retained for your records. See reverse side for important information.¶

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V641¶

EFTA00195750¶

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

2 of 11¶

Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859¶

FINANCIAL TRUST CO INC¶

STATEMENT BACKER IS PRINTED ON THIS PAGE¶

027¶

EFTA00195751¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶

3 of 11¶

Cash Flow Analysis¶

	THIS PERIOD
OpeningBalance	$516.74
Securities Sold	35,413,423.41
Dividends/Interest	1,065,782.92
Miscellaneous	169,239.08
Amount Credited	$36,648,445.41
Securities Bought	-36,253,953.00
Dividends/Interest Charged	-8,333.33
Miscellaneous	-900.00
Amount Debited	$-36,263,186.33
Net Cash Activity	385,259.08
Closing Balance	$385,775.82

Cash Balance Summary¶

	OPENING	CLOSING
Margin	516.74	385,775.82
Net Cash Balance	$516.74	$385,775.82

Income Summary¶

	THIS PERIOD	YEAR TO DATE
Govt. Agency Int.	929,766.24	1,884,743.89
Corp. Bond Int.	135,888.88	135,888.88
Credit Balance Int.	127.80	127.80
Reverse Repurchase Int.	2,187.59	3,514.24
Total	$1,067,970.51	$2,024,274.81
Bond Purchase Int.	-8,333.33	-30,981.48

Portfolio Composition¶

Cash/Cash Equivalent	385,776
Fixed Income	23,198,123
Total	$23,583,899

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

FINANCIAL TRUST CO INC¶

STATEMENT PERIOD	February 1, 2003
THROUGH	February 28, 2003

ACCOUNT NUMBER
TAXPAYER NUMBER	On File
LAST STATEMENT	January 31, 2003

Your Portfolio Allocation¶

Unshaded portions denote debit balance and/or short market values. The allocation percentage is derived from the absolute market value of your portfolio.¶

V641¶

EFTA00195752¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

4 of 11¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

FINANCIAL TRUST CO INC¶

Your Portfolio Holdings¶

CASH & CASH EQUIVALENTS¶

STATEMENT PERIOD February 1, 2003¶

THROUGH February 28, 2003¶

ACCOUNT NUMBER¶

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CASH BALANCE				385,776
TOTAL CASH & CASH EQUIVALENTS				$385,776

TAXPAYER NUMBER On File¶

| LAST STATEMENT | January 31, 2003 |¶

| :--- | :--- |¶

FIXED INCOME¶

Government & Agency Obligations¶

DESCRIPTION	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ACCRUED INTEREST	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
FEDERAL HOME LOAN MTG CORP SERIES 2530 CLASS SE DATED DATE 10/11/02 BOOK ENTRY ONLY DUE 02/15/2032 1,060% FACTOR = ,90036920	MRGN	54,022,147	9.3962	5,076,007	118,218	3,273,742	64.4944
FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI DATED DATE 10/01/02 BOOK ENTRY ONLY DUE 02/15/2032 5,660% FACTOR = ,90036920	MRGN	23,172,960	8.5799	1,988,216	47,364	1,311,590	65.9682
FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT DATED DATE 06/07/02 BOOK ENTRY ONLY DUE 03/15/2032 1,000% FACTOR = ,84844660	MRGN	59,391,262	2.8431	1,688,559	21,448	593,913	35.1728
FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/15/2032 5,660% FACTOR = ,85411650	MRGN	49,269,652	8.5352	4,205,264	100,700	2,788,662	66.3136

027¶

03/01/03;13:10 001¶

EFTA00195753¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859¶

5 of 11¶

FINANCIAL TRUST CO INC¶

Your Portfolio Holdings (continued)¶

DESCRIPTION	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ACCRUED INTEREST	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
FEDERAL NATIONAL MTG ASS	MRGN	.397,500	98.5347	.289,104	.164	739,750	10.1487
SERIES 2003-16 CLASS JS INTEREST FROM DATE 02/25/03 DATED DATE 01/06/03 FIRST COUPON 03/25/2003 BOOK ENTRY ONLY DUE 02/25/2033 10,000% FACTOR = 1.00000000
Total Government& Agency Obligations				$20,247,150	$293,894	$8,707,657

Corporate Bonds¶

DESCRIPTION	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ACCRUED INTEREST	ESTIMATED ANNUAL INCOME	CURREN YIELD (%)
FANNIE MAE CMO/SERIES 2002-82	MRGN	23,965,658	12.3133	2,950,973	13,407	1,608,815	54.5181
SK-I/O FLTR DATED DATE 10/02/02 BOOK ENTRY ONLY DUE 10/25/2031 FACTOR = .95862633
Total CorporateBonds				$2,950,973	$13,407	$1,608,815
TOTAL FIXED INCOME				$23,198,123	$307,301	$10,316,472

YOUR TOTAL ACCRUED INTEREST	$307,301
YOUR TOTAL ESTIMATED ANNUAL INCOME	$10,316,472
YOUR PRICED PORTFOLIOHOLDINGS	$23,583,899

027¶

03/01/03;13:10 001¶

EFTA00195754¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

of 11¶

Bear, Steams Securities Corp.¶

One Metrotech Center North Brooklyn, New York 11201-3859¶

FINANCIAL TRUST CO INC¶

Repurchase and Reverse Repurchase Transactions¶

STATEMENT PERIOD February 1, 2003¶

with Bear, Stearnsand Co. Inc. outstanding as of date of statement¶

THROUGH February 28, 2003¶

| LAST STATEMENT | January 31, 2003 |¶

| :--- | :--- |¶

	PURCHASE/ START DATE	REPURCHASE DATE	PRICING RATE	PURCHASE PRICE/ PRINCIPAL	ACCRUED REPO INTEREST*	QUANTITY (FACE AMOUNT)	DESCRIPTION
YOU SOLD (REPO)	02/28/03	05/07/03	1.580	-3,680,000	-484	-50,000,000	FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SQ 03/15/32
TOTAL REVERSE REPURCHASE TRANSACTIONS
TOTAL REPURCHASE TRANSACTIONS				$-3,680,000	$-484

As of statement date¶

Transaction Detail¶

INVESTMENT ACTIVITY¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
02/13/03	01/08/03	BOUGHT	FNMA-30YR(FNMA) GTD SETT,02/03 DUE 02/01/2033 05,500% REF #		10,000,000	101.43750	10,143,750.00
02/13/03	02/04/03	CANCEL SELL	FNMA-30YR(FNMA) GTD SETT,02/03 DUE 02/01/2033 05,500% REF # AS OF 02/04/03 TO CXL PREVIOUS SELL		10,000,000	101.76953	10,176,953.00

027¶

03/01/03;13:10 001¶

EFTA00195755¶

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶

CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶

of 11¶

Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859¶

FINANCIAL TRUST CO INC¶

Transaction Detail (continued)¶

INVESTMENT ACTIVITY (continued)¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	CREDIT AMOUNT
02/13/03	01/08/03	CANCEL BUY	FNMA-30YR(FNMA) GTD SETT,02/03 DUE 02/01/2033 05,500% REF # AS OF 01/08/03 TO CAL PREVIOUS BUY	-10,000,000	101.43750	10,143,750.00
02/13/03	02/04/03	SOLD	FNMA-30YR(FNMA) GTD SETT,02/03 DUE 02/01/2033 05,500% REF # BS	-10,000,000	101.76953	10,176,953.00
02/18/03		PRINCIPAL	FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT 1,000 DUE 03/15/32 PRINCIPAL REDUCTN 02-15-03	-1,931,000
02/18/03		PRINCIPAL	FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT 1,000 DUE 03/15/32 PRINCIPAL REDUCTN 02-15-03	-398
02/18/03		PRINCIPAL	FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL 5,660 DUE 03/15/32 PRINCIPAL REDUCTN 02-15-03	-1,602,000
02/18/03		PRINCIPAL	FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL 5,660 DUE 03/15/32 PRINCIPAL REDUCTN 02-15-03	-245
02/18/03		PRINCIPAL	FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SO 660 DUE 03/15/32 PRINCIPAL REDUCTN 02-15-03	-1,388,000
02/18/03		PRINCIPAL	FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SO 660 DUE 03/15/32 PRINCIPAL REDUCTN 02-15-03	-790

027¶

03/01/03;13:10 001¶

EFTA00195756¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶

CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶

Bear, Steams Securities Corp.¶

One Meterotech Center North Brooklyn, New York 11201-3859¶

8 of 11¶

FINANCIAL TRUST CO INC¶

Transaction Detail (continued)¶

STATEMENT PERIOD February 1, 2003¶

INVESTMENT ACTIVITY (continued)¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
02/18/03		PRINCIPAL	FEDERAL HOME LOAN MTG CORP SERIES 2530 CLASS SE .030 DUE 02/15/32 PRINCIPAL REDUCTN 02-15-03	-1,991,000
02/18/03		PRINCIPAL	FEDERAL HOME LOAN MTG CORP SERIES 2530 CLASS SE .030 DUE 02/15/32 PRINCIPAL REDUCTN 02-15-03	-819
02/18/03		PRINCIPAL	FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI 5,660 DUE 02/15/32 PRINCIPAL REDUCTN 02-15-03	-854,394
02/25/03		PRINCIPAL	FANNIE MAE CMO/SERIES 2002-82 SK-I/O FLTR .697 DUE 10/25/31 PRINCIPAL REDUCTN 02-25-03	-381,733
02/28/03	02/03/03	BOUGHT	FEDERAL NATIONAL MTG ASS SERIES 2003-16 CLASS JS DUE 02/25/2033 10,000%	10,000,000 ACCR. INT.	96.31250	9,631,250.00 8,333.33
			REF # AS OF 02/03/03
02/28/03	02/27/03	SOLD	FEDERAL NATIONAL MTG ASS SERIES 2003-16 CLASS JS DUE 02/25/2033 10,000%	-1,177,500	96.31250 ACCR. INT.		1,134,079.69 981.25
			REF # BS
02/28/03	02/27/03	SOLD	FEDERAL NATIONAL MTG ASS SERIES 2003-16 CLASS JS DUE 02/25/2033 10,000%	-1,425,000	96.31250 ACCR. INT.		1,372,453.13 1,187.50
			REF # BS
TOTAL					-29,960,286.33	$22,829,404.57

027¶

03/01/03;13:10 001¶

EFTA00195757¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

9 of 11¶

Bear, Steams Securities Corp.¶

One Metrotech Center North¶

Brooklyn, New York 11201-3859¶

FINANCIAL TRUST CO INC¶

Transaction Detail (continued)¶

STATEMENT PERIOD February 1, 2003¶

THROUGH February 28, 2003¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | January 31, 2003 |¶

| :--- | :--- |¶

DATE	DESCRIPTION	RATE (%)	CREDIT AMOUNT
02/03/03	AVG BAL 257.707RT 021 OFFICE INTEREST 0103		127.80
02/18/03	FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT DUE 03/15/2032 1,000 INTEREST PAYMENT 02-15-03	1.0000	51,102.22
02/18/03	FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL DUE 03/15/2032 5,660 INTEREST PAYMENT 02-15-03	5.6600	238,673.98
02/18/03	FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SD DUE 03/15/2032 660 INTEREST PAYMENT 02-15-03		243,622.75
02/18/03	FEDERAL HOME LOAN MTG CORP SERIES 2530 CLASS SE DUE 02/15/2032 030 INTEREST PAYMENT 02-15-03		281,470.21
02/18/03	FEDERAL HOME LOAN MTG CORP SERIES 2626 CLASS ST DUE 02/15/2032 5,660 INTEREST PAYMENT 02-15-03	5.6600	112,728.33
02/25/03	FANNIE MAE CMO/SERIES 2002-82 SK-I/O FLTR DUE 10/25/2031 697 INTEREST PAYMENT 02-25-03		135,888.88
TOTAL $1,063,614.17

REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear, Stearns& Co.Inc.¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
02/20/03		JOURNAL	ADP CD FITM-PR 8,625 DUE 12/31/49			2,602,000.00

EFTA00195758¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859¶

10 of 11¶

FINANCIAL TRUST CO INC¶

Transaction Detail (continued)¶

STATEMENT PERIOD February 1, 2003¶

THROUGH February 28, 2003¶

| LAST STATEMENT | January 31, 2003 |¶

| :--- | :--- |¶

TAXPAYER NUMBER On File¶

027¶

03/01/03;13:10 001¶

EFTA00195759¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT¶

Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179¶

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

11 of 11¶

Bear, Steams Securities Corp.¶

One Meterotech Center North Brooklyn, New York 11201-3859¶

DATE MO/DAY	TRANSACTION	DESCRIPTION	DEBIT AMOUNT	CREDIT AMOUNT
02/13/03	JOURNAL	JAN 03 CLEARING FEES	900.00
02/13/03	JOURNAL	FNMA-30YR(FNMA)GTD SETT,02/03 5,500 DUE 02/01/33 MBS NET 02/13/03		33,203.13
02/19/03	JOURNAL	FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT 1,000 DUE 03/15/32 P&I TRANSFER		21,900.95
02/21/03	JOURNAL	FITG TO FITM		114,135.00
TOTAL			-900.00	$169,239.08

Transaction Detail (continued)¶

MISCELLANEOUS¶

FINANCIAL TRUST CO INC¶

STATEMENT PERIOD February 1, 2003¶

THROUGH February 28, 2003¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | January 31, 2003 |¶

| :--- | :--- |¶

Trades Executed Pending Settlement¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	DEBIT AMOUNT
04/14/03	01/27/03	BOUGHT	FNMA-30YR(FNMA) GTD SETT,04/03 DUE 04/01/2033 05,500%	10,000,000.00	100.6093	10,060,937.50
			REF # BS
04/14/03	02/04/03	BOUGHT	FNMA-30YR(FNMA) GTD SETT,04/03 DUE 04/01/2033 05,500%	10,000,000.00	100.9375	10,093,750.00
			REF # BS
TOTAL						$20,154,687.50

The above trades do not appear in any other section of this statement.¶

027¶

03/01/03;13:10 001¶

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What’s In This Statement¶

Your Portfolio Holdings¶

CASH & CASH EQUIVALENTS¶

FIXED INCOME¶

Your Portfolio Holdings (continued)¶

Repurchase and Reverse Repurchase Transactions¶

INVESTMENT ACTIVITY¶

Transaction Detail (continued)¶

INVESTMENT ACTIVITY (continued)¶

Transaction Detail (continued)¶

INVESTMENT ACTIVITY (continued)¶

Transaction Detail (continued)¶

Transaction Detail (continued)¶

MISCELLANEOUS¶

Trades Executed Pending Settlement¶

Other documents from the same file