EFTA00195815
ACCOUNT EXECUTIVEGNMA GOVT BOND
VISIT OUR WEBSITEwww.bearstearns.com
## What’s In This Statement Financial Summary 3 Your Portfolio Holdings ... 4
Transaction Detail7
| Trades Not Yet Settled | 17 | | :--- | :--- |
FINANCIAL TRUST CO INC
C/O JEFFREY EPSTEIN
6100 RED HOOK QUARTER
ST B3
ST THOMAS VI 00802
CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY Your Portfolio at a Glance There are no "Stop Loss" orders or other pending buy or sell open orders on file for your account.
TOTAL VALUE OF SECURITIES THIS PERIOD*12,082,817
LONG ACCRUED INTEREST124,112
NET CREDIT BALANCE349,431
NET EQUITY THIS PERIOD$12,556,360
NET EQUITY LAST STATEMENT12,890,765
CHANGE SINCE LAST STATEMENT-334,406
*This portfolio includes one or more unpriced securities that are not reflected in the Total Value of Securities and the Net Equity This Period.
| LAST STATEMENT | August 31, 2004 | | :--- | :--- | TAXPAYER NUMBER On File FINANCIAL TRUST CO INC ACCOUNT NUMBER STATEMENT PERIOD September 1, 2004 THROUGH September 30, 2004 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. | | :--- | :--- | | 027 | 10/01/04:07:49 001 | V863 EFTA00195816 2 of 17 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 EFTA00195817 3 of 17 Cash Flow Analysis
THIS PERIOD
OpeningBalance$48,513.49
Securities Sold283,252,102.46
Dividends/Interest1,036,382.90
Amount Credited$284,288,485.36
Securities Bought-283,616,704.04
Dividends/Interest Charged-183,444.56
Miscellaneous-187,419.70
Amount Debited$-283,987,568.30
Net Cash Activity300,917.06
Closing Balance$349,430.55
Cash Balance Summary
OPENINGCLOSING
Margin48,513.49349,430.55
Net Cash Balance$48,513.49$349,430.55
Income Summary
THIS PERIODYEAR TO DATE
U.S.Govt.Bond Int.74,442.82368,495.47
Govt.Agency Int.800,827.037,866,627.50
Corp.Bond Int.160,809.291,717,911.13
Credit Balance Int.303.76863.01
Reverse Repurchase Int.76,976.15240,766.43
Total$1,113,359.05$10,194,663.54
Bond Purchase Int.-183,444.56-1,112,547.20
Margin Int.Paid0.00-1,770.70
Repurchase Int.Exp.-33,024.35-161,743.91
Portfolio Composition
Cash/Cash Equivalent349,431
Fixed Income12,082,817
Total$12,432,248
STATEMENT PERIOD September 1, 2004 THROUGH September 30, 2004 FINANCIAL TRUST CO INC ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2004 | | :--- | :--- | 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. EFTA00195818 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. 4 of 17 ## Your Portfolio Holdings CASH & CASH EQUIVALENTS
DESCRIPTIONSYMBOL/CUSIPQUANTITYPRICEMARKET VALUEESTIMATED ANNUAL INCOMECURRENT YIELD (%)
CASH BALANCE349,431
TOTAL CASH & CASH EQUIVALENTS$349,431
CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY ## EQUITIES ## Equities & Options
DESCRIPTIONSYMBOL/CUSIPACCT TYPEQUANTITYPRICEMARKET VALUEESTIMATED ANNUAL INCOMECURRENT YIELD (%)
CALL TSY 4 3/4 08/149Z72250MRGN25,000,000Unpriced
EUROCALL STRK 101-8 EXP 10/08/2004$0$0
Total Equities& Options$0$0
TOTAL EQUITIES
FINANCIAL TRUST CO INC ## Government & Agency Obligations AGCOUNT NUMBER STATEMENT PERIOD September 1, 2004 ## FIXED INCOME THROUGH September 30, 2004 | LAST STATEMENT | August 31, 2004 | | :--- | :--- | TAXPAYER NUMBER On File
DESCRIPTIONSYMBOL/CUSIPACCT TYPEQUANTITYPRICEMARKET VALUEACCRUED INTERESTESTIMATED ANNUAL INCOMECURRENT YIELD (%)
FEDERAL HOME LOAN MTG CORPMRGN16,822,5189.40561,582,26139,894957,36960.5064
SERIES 2530 CLASS SE
DATED DATE 10/11/02
BOOK ENTRY ONLY
DUE 02/15/2032 5,691%
FACTOR = .28037531
027 10/01/04;07:49 001 EFTA00195819 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY **5 of 17** FINANCIAL TRUST CO INC ## Your Portfolio Holdings (continued)
DESCRIPTIONSYMBOL/CUSIPACCT TYPEQUANTITYPRICEMARKET VALUEACCrued INTERESTESTIMATED ANNUAL INCOMECURRENT YIELD (%)
FEDERAL HOME LOAN MTG CORP
SERIES 2526 CLASS SI
DATED DATE 10/01/02
BOOK ENTRY ONLY
DUE 02/15/2032, 5,291%
FACTOR = ,28037430		MRGN7,216,0688.5764618,88015,908381,80261.6924
FEDERAL NATIONAL MTG ASSN
STRIP MTG SERIES 322 CL PO
DATED DATE 03/01/02
BOOK ENTRY ONLY
DUE 03/01/2032, .001%
FACTOR = 1,00000000		MRGN4,154,92182.87503,443,3913420.0012
FEDERAL HOME LOAN MTG CORP
SERIES 2483 CL SL
DATED DATE 07/02/02
BOOK ENTRY ONLY
DUE 03/15/2032, 5,291%
FACTOR = ,25318800		MRGN14,605,1328.11461,185,15532,200772,75865.2031
FEDERAL NATIONAL MTG ASSN
SERIES 2003-49 CLASS SW
DATED DATE 04/30/03
BOOK ENTRY ONLY
DUE 01/25/2033, 5,160%
FACTOR = ,61514142		MRGN14,952,0949.67901,447,21810,717771,52853.3111
Total Government& Agency Obligations$8,276,905$98,722$2,883,499
027 10/01/04;07:49 001 EFTA00195820 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 6 of 17 FINANCIAL TRUST CO INC ## Your Portfolio Holdings (continued) STATEMENT PERIOD September 1, 2004 Corporate Bonds
DESCRIPTIONSYMBOL/CUSIPACCT TYPEQUANTITYPRICEMARKET VALUEACCRUED INTERESTESTIMATED ANNUAL INCOMECURRENT YIELD (%)
FANNIE MAE CMO/SERIES 2003-13MRGN29,676,39812.82473,805,91225,3901,828,06648.0323
S RCR-I/O FLTR DATED DATE 02/25/03 BOOK ENTRY ONLY DUE 03/25/2033 6,160% FACTOR = .59352801
Total CorporateBonds$3,805,912$25,390$1,828,066
TOTAL FIXED INCOME$12,082,817$124,112$4,711,565
YOUR PORTFOLIOHOLDINGSACCRUED INTEREST$124,112
YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME$4,711,565
YOUR PRICED PORTFOLIOHOLDINGS$12,432,248
## Repurchase and Reverse Repurchase Transactions with Bear, Stearns& Co.Inc.outstanding as of date of statement
PURCHASE/ START DATEREPURCHASE DATEPRICING RATEPURCHASE PRICE/ PRINCIPALACCRUED REPO INTEREST*QUANTITY (FACE AMOUNT)CUSIPDESCRIPTION
YOU SOLD (REPO)07/09/0410/12/041.790-5,866,000-24,500-44,000,000GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-5 CLASS P 5.1387 02/20/33
YOU SOLD (REPO)09/14/0410/12/041.980-7,320,000-6,844-50,000,000F H L M C - STRIP PRINCIPAL ONLY
027 10/01/04;07:49 001 EFTA00195821 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 7 of 17 FINANCIAL TRUST CO INC STATEMENT PERIOD September 1, 2004 ## Repurchase and Reverse Repurchase Transactions (continued) THROUGH September 30, 2004 with Bear, Stearns& Co.Inc.outstanding as of date of statement (continued) TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2004 | | :--- | :--- |
PURCHASE/ START DATEREPURCHASE DATEPRICING RATEPURCHASE PRICE/ PRINCIPALACCRUED REPO INTEREST*QUANTITY (FACE AMOUNT)CUSIPDESCRIPTION
YOU PROVIDED (MARGIN)09/15/04OPEN0.000-50,000,000FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SQ 6.2913 03/15/32
YOU SOLD (REPO)09/21/0410/12/041.790-2,816,000-1,400-44,389,962GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-2 CLASS S 5.4213 01/16/34
YOU BOUGHT (REVERSE)09/23/04OPEN1.40025,062,5007,53225,000,000912828CU2USTR 2.3750 08/31/06
YOU BOUGHT (REVERSE)09/27/04OPEN1.44015,037,5002.16315,000,000USTR 2.7500 08/15/07
TOTAL REVERSE REPURCHASE TRANSACTIONS$40,100,000$9,695
TOTAL REPURCHASE TRANSACTIONS$-16,002,000$-32,744
*As of statement date* Transaction Detail ## INVESTMENT ACTIVITY
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYPRICEDEBIT AMOUNTCREDIT AMOUNT
09/02/0408/30/04BOUGHTCALL TSY 4 3/4 08/14
EUROCALL STRK 101-8
EXP 10/08/2004
UNDERLYING SEC #7004993
CORR S/D 08/31/04
AS OF 08/30/04		9Z7225025,000,0000.67578168,945.31
027 10/01/04;07:49 001 EFTA00195822 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 8 of 17 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2004 ## INVESTMENT ACTIVITY (continued) THROUGH September 30, 2004 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2004 | | :--- | :--- |
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYPRICEDEBIT AMOUNTCREDIT AMOUNT
09/08/0409/02/04SOLDGOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG DUE 01/16/2024 11,200% 0987031317099 REF # 200409025716000 BS-9,449,49395.25000ACCR. INT.9,000,642.18 64,676.53
09/08/0409/07/04BOUGHTUNITED STATES TREASURY NOTE DUE 07/31/2006 02,750% JJ 31 YIELD 2,537 % IO MATURITY GVER REF # G2511004 A150,000,000 ACCR. INT.100.3906350.195,312.50 145,720.11
09/08/0409/07/04SOLDUNITED STATES TREASURY NOTE DUE 09/31/2006 02,375% FA 28 Yield 2,571 % IO MATURITY GVER REF # G2511008 A1912828CU2-50,000,00099.62500 ACCR. INT.49,812,500.00 26,243.09
09/08/04PRINCIPALFEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO 0,001 DUE 0301/32 PRINCIPAL REDUCTN 09-25-04-123,089
09/15/0409/08/04BOUGHTFNMA-30YR(FNMA)GTD SETT,09/04 DUE 09/01/2034 05,500% REF # 200409087710000 BS10,000,000101.6054710.160,546.88
09/15/0409/02/04BOUGHTFNMA-30YR(FNMA)GTD SETT,09/04 DUE 09/01/2034 05,500% 0987031317099 REF # 2004090257220000 BS20,000,000101.3750020.275,000.00
09/15/0408/10/04CANCEL SELLFNMA-30YR(FNMA)GTD SETT,09/04 DUE 09/01/2034 05,500% REF # 2004081057320000 BS AS OF 08/10/04 TO CDL PREVIOUS SELL30,000,000100.8281330,248,437.50
027 10/01/04;07:49 001 EFTA00195823 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 9 of 17 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2004 ## INVESTMENT ACTIVITY (continued) THROUGH September 30, 2004 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2004 | | :--- | :--- |
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYPRICEDEBIT AMOUNTCREDIT AMOUNT
09/15/0409/08/04CANCEL BUYFNMA-30YR(FNMA)GTD
SETT,09/04
DUE 09/01/2034 05,500%
REF # 20040908057710000 BS
AS OF 09/08/04
TO CXL PREVIOUS BUY		-10,000,000101.6054710,160,546.88
09/15/0409/02/04CANCEL BUYFNMA-30YR(FNMA)GTD
SETT,09/04
DUE 09/01/2034 05,500%
0987031317099
REF # 2004090257220000 BS
AS OF 09/02/04
TO CXL PREVIOUS BUY		-20,000,000101.3750020,275,000.00
09/15/0408/10/04SOLDFNMA-30YR(FNMA)GTD
SETT,09/04
DUE 09/01/2034 05,500%
REF # 2004081057320000 BS		-30,000,000100.8281330,248,437.50
09/15/04PRINCIPALFEDL HOME LOAN MTG CORP#S02684
SERIES 218 CL PO
DUE 09/04/192
PRIN P/D 08-04 P/D 09-15-04
REPO P & I 0,0000		336,255.00
09/15/04PRINCIPALFEDERAL_HOME LOAN MTG CORP
SERIES 2483 CL SL
5,291 DUE 03/15/32
PRINCIPAL REDUCTN 09-15-04		-395,047
09/15/04PRINCIPALFEDERAL_HOME LOAN MTG CORP
SERIES 2530 CLASS SE
5,691 DUE 02/15/32
PRINCIPAL REDUCTN 09-15-04		-438,983
09/15/04PRINCIPALFEDERAL_HOME LOAN MTG CORP
SERIES 2526 CLASS SI
5,291 DUE 02/15/32
PRINCIPAL REDUCTN 09-15-04		-188,303
027 10/01/04;07:49 001 EFTA00195824 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 10 of 17 FINANCIAL TRUST CO INC ## Transaction Detail (continued) STATEMENT PERIOD September 1, 2004 ## INVESTMENT ACTIVITY (continued) THROUGH September 30, 2004 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2004 | | :--- | :--- |
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYPRICEDEBIT AMOUNTCREDIT AMOUNT
09/23/0409/22/04BOUGHTUNITED STATES TREASURY NOTE DUE 08/31/2006 02,375% FA 28 YIELD 2,458 % TO MATURITY GVER REF # G2661011 A1912828CU225,000,000 ACCR. INT.99.8437524,960,937.50
09/27/0409/24/04SOLDUNITED STATES TREASURY NOTE DUE 08/15/2007 02,750% FA 15 Yield 2,846 % TO MATURITY GVER REF # G2681022 A1-15,000,00099.73438 ACCR. INT.14,960,156.25 48,199.73
09/27/04PRINCIPALFEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO 0,001 DUE 03/01/32 PRINCIPAL PAYMENT 09-25-04123,088.50
09/27/04PRINCIPALFANNIE MAE CMO/SERIES 2003-13 S RCR-I/O FLTR 6,936 DUE 03/05/33 PRINCIPAL REDUCTN 09-25-04-546,176
09/27/04PRINCIPALFEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW 5,385 DUE 01/25/33 PRINCIPAL REDUCTN 09-25-04-275,184
TOTAL
INTEREST
DATEDESCRIPTIONSYMBOL/CUSIPQUANTITYRATE (%)DEBIT AMOUNTCREDIT AMOUNT
09/01/04AVG BAL 483,462RT 0.729
021 OFFICE INTEREST 0804		303.76
09/15/04FEDERAL HOME LOAN MTG CORP
SERIES 2471 CLASS YT
DUE 03/15/2032 1,000
INT R/D 08-04 P/D 09-15-04
REPO P & I 1,0000		1.000021,525.85
027 10/01/04;07:49 001 EFTA00195825 BEAR STEARNS CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY 11 of 17 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2004 THROUGH September 30, 2004 INTEREST (continued) AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2004 | | :--- | :--- |
DATEDESCRIPTIONSYMBOL/CUSIPQUANTITYRATE (%)DEBIT AMOUNTCREDIT AMOUNT
09/15/04FEDERAL HOME LOAN MTG CORP
SERIES 2483 CL SL
DUE 03/15/2032 5,291
INTEREST PAYMENT 09-15-04		5.291067,500.81
09/15/04FEDERAL HOME LOAN MTG CORP
SERIES 2488 CLASS SO
DUE 03/15/2032 6,291
INT R/D 08-04 P/D 09-15-04
REPO P & I 6,4000		6.291069,343.03
09/15/04FEDERAL HOME LOAN MTG CORP
SERIES 2530 CLASS SE
DUE 02/15/2032 5,691
INTEREST PAYMENT 09-15-04		5.691083,430.59
09/15/04FEDERAL HOME LOAN MTG CORP
SERIES 2526 CLASS SI
DUE 02/15/2032 5,291
INTEREST PAYMENT 09-15-04		5.291033,319.67
09/16/04GOVERNMENT NATIONAL MTG ASSN
SERIES 2004-2 CLASS SB
DUE 01/16/2034 5,600
INT R/D 09-04 P/D 09-16-04
REPO P & I 5,6000		5.6000196,531.47
09/20/04GOVERNMENT NATIONAL MTG ASSN
SERIES 2004-5 CLASS PS
DUE 02/20/2033 5,350
INT R/D 08-04 P/D 09-20-04
REPO P & I 5,3500		5.3500196,166.67
09/27/04FANNIE MAE CMO/SERIES 2003-13
S RCR-I/O FLTR
DUE 03/25/2033 6,385
INTEREST PAYMENT 09-25-04		6.3850160,809.29
027 10/01/04;07:49 001 EFTA00195826 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 12 of 17 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2004 THROUGH September 30, 2004 INTEREST (continued) TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2004 | | :--- | :--- |
DATEDESCRIPTIONSYMBOL/CUSIPQUANTITYRATE (%)DEBIT AMOUNTCREDIT AMOUNT
09/27/04FEDERAL NATIONAL MTG ASSN5.385068,332.41
SERIES 2003-49 CLASS SW
DUE 01/25/20335,385
INTEREST PAYMENT 09-25-04
TOTAL$897,263.55
## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear, Stearns& Co.Inc.
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYDEBIT AMOUNTCREDIT AMOUNT
09/02/04JOURNALGOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 11,200 DUE 01/16/34 FITM A2 TERM REPO AGREEMENT9,449,4936,200,000.00
09/02/04JOURNALGOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 11,200 DUE 01/16/34 FITM F2463081 A3 REPO AGREEMENT-9,449,4936,250,000.00
09/02/04JOURNALGOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 11,200 DUE 01/16/34 FITM F2463081 A1 REPO AGREEMENT-9,449,4937,283,000.00
09/02/04JOURNALGOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 11,200 DUE 01/16/34 FITM F2463081 A2 REPO AGREEMENT9,449,4937,283,000.00
09/02/04INTERESTGOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG DUE 01/16/2034 11,200 FITM A2 REPO INTEREST1,767.00
| 027 | 10/01/04;07:49 | 001 | V863 | | :--- | :--- | :--- | :--- | EFTA00195827 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 13 of 17 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2004 THROUGH September 30, 2004 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2004 | | :--- | :--- |
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYDEBIT AMOUNTCREDIT AMOUNT
09/03/04JOURNALFEDERAL HOME LOAN MTG CORP
SERIES 2488 CLASS SQ
6,400 DUE 03/15/32
FITM F2473199 A2
TERM REPO AGREEMENT		13,001,818
09/03/04JOURNALFEDERAL HOME LOAN MTG CORP
SERIES 2488 CLASS SQ
6,400 DUE 03/15/32
FITM F2473199 A1
REPO AGREEMENT		-13,001,81872,000.00
09/08/04JOURNALGOVERNMENT NATIONAL MTG ASSN
SERIES 2004-2 CLASS SG
11,200 DUE 01/16/34
FITM F2463081 A4
TERM REPO AGREEMENT		9,449,4936,250,000.00
09/08/04JOURNALFEDL HOME LOAN MTG CORP#S02684
SERIES 218 CL P0
DUE 02/01/32
FITM F2523196 A1
REPO AGREEMENT		-12,885,8367,200,000.00
09/08/04JOURNALFEDL HOME LOAN MTG CORP#S02684
SERIES 218 CL P0
DUE 02/01/32
FITM F2523160 A2
TERM REPO AGREEMENT		12,885,8369,788,000.00
09/08/04DELIVEREDUNITED STATES TREASURY NOTE
DUE 07/31/2006 2,750
2,750 DUE 07/31/106
FITM F2190710 A2
TERM RESALE AGREEMENT		-50,000,00050,375,000.00
09/08/04RECEIVEDUNITED STATES TREASURY NOTE
DUE 08/31/2006 2,375
2,375 DUE 08/31/106
FITM F2520885 A1
RESALE AGREEMENT		912828CU250,000,00050,062,500.00
027 10/01/04;07:49 001 EFTA00195828 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 14 of 17 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2004 THROUGH September 30, 2004 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2004 | | :--- | :--- |
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSPQUANTITYDEBIT AMOUNTCREDIT AMOUNT
09/08/04INTERESTGOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG DUE 01/16/2034 11,200 FITM F2453081 A4 REPO INTEREST1,968.75
09/08/04INTERESTFEDL HOME LOAN MTG CORP#S02684 SERIES 218 CL P0 DUE 02/01/2032 0,000 FITM F2253160 A2 REPO INTEREST13,213.80
09/08/04INTERESTUNITED STATES TREASURY NOTE DUE 07/31/2006 2,750 FITM F2190710 A2 RESALE INTEREST54,614.90
09/13/04JOURNALFEDL HOME LOAN MTG CORP#S02684 SERIES 218 CL P0 DUE 02/01/32 FITM F2523196 A2 TERM REPO AGREEMENT12,885,8367,200,000.00
09/13/04JOURNALFEDL HOME LOAN MTG CORP#S02684 SERIES 218 CL P0 DUE 02/01/32 FITM F2573145 A3 REPO AGREEMENT-12,885,8367,200,000.00
09/13/04JOURNALFEDL HOME LOAN MTG CORP#S02684 SERIES 218 CL P0 DUE 02/01/32 FITM F2573145 A1 REPO AGREEMENT-12,885,8369,680,000.00
09/13/04JOURNALFEDL HOME LOAN MTG CORP#S02684 SERIES 218 CL P0 DUE 02/01/32 FITM F2573145 A2 REPO AGREEMENT12,885,8369,680,000.00
027 10/01/04;07:49 001 EFTA00195829 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 15 of 17 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2004 THROUGH September 30, 2004 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2004 | | :--- | :--- |
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYDEBIT AMOUNTCREDIT AMOUNT
09/13/04INTERESTFEDL HOME LOAN MTG CORP#S02684 SERIES 218 CL PO DUE 02/01/2032 0,000 FITM F2523196 AZ REPO INTEREST1,800.00
09/14/04JOURNALFEDL HOME LOAN MTG CORP#S02684 SERIES 218 CL PO DUE 02/01/32 FITM F2527145 A4 TERM REPO AGREEMENT12,885,8367,200,000.00
09/14/04JOURNALFEDL HOME LOAN MTG CORP#S02684 SERIES 218 CL PO DUE 02/01/32 FITM F2583256 A1 REPO AGREEMENT-12,885,8367,320,000.00
09/14/04INTERESTFEDL HOME LOAN MTG CORP#S02684 SERIES 218 CL PO DUE 02/01/2032 0,000 FITM F2573145 A4 REPO INTEREST472.00
09/15/04JOURNALFEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SO 6,291 DUE 03/15/32 FITM F2583267 A1 REPO AGREEMENT-12,659,401
09/15/04JOURNALFEDERAL HOME LOAN MTG CORP SERIES 2489 CLASS SO 6,291 DUE 03/15/32 FITM F2473199 A2 TERM REPO AGREEMENT12,659,40172,000.00
09/15/04INTERESTFEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SO DUE 03/15/2032 6,291 FITM F2473199 A2 REPO INTEREST45.36
027 10/01/04;07:49 001 EFTA00195830 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 16 of 17 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2004 THROUGH September 30, 2004 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2004 | | :--- | :--- |
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYDEBIT AMOUNTCREDIT AMOUNT
09/21/04JOURNALGOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SB 5,421 DUE 01/16/34 FITM F2653155 A1 REPO AGREEMENT-41,695,3952,816,000.00
09/21/04JOURNALGOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SB 5,421 DUE 01/16/34 FITM B2 TERM REPO AGREEMENT41,695,3953,739,000.00
09/21/04INTERESTGOVERNIMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SB DUE 01/16/2034 5,421 FITM B2 REPO INTEREST13,757.44
09/23/04RECEIVEDUNITED STATES TREASURY NOTE DUE 08/31/2006 2,375 2,375 DUE 08/31/06 FITM F2670490 A1 RESALE AGREEMENT912828CU225,000,00025,062,500.00
09/23/04DELIVEREDUNITED STATES TREASURY NOTE DUE 08/31/2006 2,375 2,375 DUE 08/31/06 FITM F2520888 A2 TERM RESALE AGREEMENT912828CU2-50,000,00050,062,500.00
09/23/04INTERESTUNITED STATES TREASURY NOTE DUE 08/31/2006 2,375 2,375 DUE 08/31/06 FITM F2520888 A2 RESALE INTEREST912828CU222,361.25
09/27/04RECEIVEDUNITED STATES TREASURY NOTE DUE 08/15/2007 2,750 2,750 DUE 08/15/07 FITM A1 RESALE AGREEMENT15,000,00015,037,500.00
TOTAL-147,607,524.35$148,335,476.15
027 10/01/04;07:49 001 EFTA00195831 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 17 of 17
DATE MO/DAYTRANSACTIONDESCRIPTIONDEBIT AMOUNTCREDIT AMOUNT
09/02/04JOURNALFITO FITM10.32
09/14/04JOURNALFNMA-30YR(FNMA)GTD
SETT,09/04
5,500 DUE 09/01/34
MBS NET 09/14/04		187,109.38
09/16/04JOURNALAUG 04 SPEC CLEARING FEES300.00
TOTAL-187,419.70
## MISCELLANEOUS FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD September 1, 2004 THROUGH September 30, 2004 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | August 31, 2004 | | :--- | :--- | ## Trades Executed Pending Settlement
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYPRICEDEBIT AMOUNTCREDIT AMOUNT
10/14/0409/22/04BOUGHTFNMA-30YR(FNMA)GTD
SETT,10/04
DUE 10/01/2034 05,500%
0987021011332
REF # 2004092257810000 BS		5A8000910,000,000.00101.835910,183,593.75
10/14/0409/08/04SOLDFNMA-30YR(FNMA)GTD
SETT,10/04
DUE 10/01/2034 05,500%
REF # 2004090857720000 BS		5A80009-10,000,000.00101.312510,131,250.00
TOTAL$10,183,593.75$10,131,250.00
The above trades do not appear in any other section of this statement. 027 10/01/04;07:49 001