EFTA00195864¶
| 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 | 7 |
Your Messages … 16¶
| FINANCIAL TRUST CO INC |
| C/O JEFFREY EPSTEIN |
| 6100 RED HOOK QUARTER |
| ST B3 |
| ST THOMAS VI 00802 |
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSIDIARY¶
There are no “Stop Loss” orders or other pending buy or sell open orders on file for your account.¶
Your Portfolio at a Glance¶
*This portfolio includes one or more unpriced securities that are not reflected in the Total Value of Securities and the Net Equity This Period.¶
| TOTAL VALUE OF SECURITIES THIS PERIOD* | 11,848,752 |
| LONG ACCRUED INTEREST | 185,095 |
| NET CREDIT BALANCE | 129,030 |
| NET EQUITY THIS PERIOD | $12,162,877 |
| NET EQUITY LAST STATEMENT | 12,782,847 |
| CHANGE SINCE LAST STATEMENT | -619,970 |
TAXPAYER NUMBER On File¶
| LAST STATEMENT | May 28, 2004 |¶
| :--- | :--- |¶
FINANCIAL TRUST CO INC¶
ACCOUNT NUMBER¶
STATEMENT PERIOD May 29, 2004¶
THROUGH June 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.¶
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STATEMENT BACKER IS PRINTED ON THIS PAGE¶
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Cash Flow Analysis¶
| THIS PERIOD | |
| OpeningBalance | $228,002.64 |
| Securities Sold | 419,173,152.86 |
| Dividends/Interest | 1,186,160.63 |
| Amount Credited | $420,359,313.49 |
| Securities Bought | -420,287,071.09 |
| Dividends/Interest Charged | -170,765.02 |
| Miscellaneous | -450.00 |
| Amount Debited | $-420,458,286.11 |
| Net Cash Activity | -98,972.62 |
| Closing Balance | $129,030.02 |
Cash Balance Summary¶
| OPENING | CLOSING | |
| Margin | 228,002.64 | 129,030.02 |
| Net Cash Balance | $228,002.64 | $129,030.02 |
Income Summary¶
| THIS PERIOD | YEAR TO DATE | |
| U.S.Govt.Bond Int. | 54,412.79 | 282,843.41 |
| Govt.Agency Int. | 945,574.26 | 5,300,407.39 |
| Corp.Bond Int. | 186,097.96 | 1,213,666.52 |
| Credit Balance Int. | 75.62 | 231.92 |
| Reverse Repurchase Int. | 42,351.06 | 63,359.97 |
| Total | $1,228,511.69 | $6,860,509.21 |
| Bond Purchase Int. | -170,765.02 | -599,364.20 |
| Margin Int.Paid | 0.00 | -1,770.70 |
| Repurchase Int.Exp. | -16,477.34 | -75,603.22 |
Portfolio Composition¶
| Cash/Cash Equivalent | 129,030 |
| Fixed Income | 11,848,752 |
| Total | $11,977,782 |
FINANCIAL TRUST CO INC¶
STATEMENT PERIOD May 29, 2004¶
THROUGH June 30, 2004¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | May 28, 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.¶
EFTA00195867¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc.¶
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Your Portfolio Holdings¶
CASH & CASH EQUIVALENTS¶
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSDIARY¶
| DESCRIPTION | SYMBOL/CUSIP | QUANTITY | PRICE | MARKET VALUE | ESTIMATED ANNUAL INCOME | CURRENT YIELD (%) |
|---|---|---|---|---|---|---|
| CASH BALANCE | 129,030 | |||||
| TOTAL CASH & CASH EQUIVALENTS | $129,030 |
EQUITIES¶
Equities & Options¶
| DESCRIPTION | SYMBOL/CUSIP | ACCT TYPE | QUANTITY | PRICE | MARKET VALUE | ESTIMATED ANNUAL INCOME | CURRENT YIELD (%) |
|---|---|---|---|---|---|---|---|
| PUT TSY 3 1/8 05/07 EUROPUT STRK 99-20 EXP 08/13/2004 | MRGN | 50,000,000 | Unpriced | ||||
| Total Equities& Options | $0 | $0 | |||||
| TOTAL EQUITIES | $0 | $0 |
FINANCIAL TRUST CO INC¶
FIXED INCOME¶
STATEMENT PERIOD May 29, 2004¶
Government & Agency Obligations¶
AGCOUNT NUMBER¶
THROUGH June 30, 2004¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | May 28, 2004 |¶
| :--- | :--- |¶
| DESCRIPTION | SYMBOL/CUSIP | ACCT TYPE | QUANTITY | PRICE | MARKET VALUE | ACCRUED INTEREST | ESTIMATED ANNUAL INCOME | CURRENT YIELD (%) |
|---|---|---|---|---|---|---|---|---|
| FEDERAL HOME LOAN MTG CORP | MRGN | 18,356,644 | 10.0831 | 1,850,914 | 47,124 | 1,130,953 | 61.1024 | |
| SERIES 2530 CLASS SE DATED DATE 10/11/02 BOOK ENTRY ONLY DUE 02/15/2032 6.161% FACTOR = .30594407 |
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Your Portfolio Holdings (continued)¶
STATEMENT PERIOD May 29, 2004¶
| DESCRIPTION | SYMBOL/CUSIP | ACCT TYPE | QUANTITY | PRICE | MARKET VALUE | ACCRUED INTEREST | ESTIMATED ANNUAL INCOME | CURRENT YIELD (%) |
|---|---|---|---|---|---|---|---|---|
| FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI | MRGN | 7,874,136 | 8.9978 | 708,499 | 18,901 | 453,629 | 64.0268 | |
| FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SQ | MRGN | 13,838,079 | 11.4123 | 1,579,242 | 38,985 | 935,593 | 59.2432 | |
| FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL | MRGN | 15,964,976 | 8.7232 | 1,392,652 | 38,320 | 919,742 | 66.0425 | |
| FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW | MRGN | 15,827,194 | 10.9989 | 1,740,814 | 12,530 | 902,150 | 51.8235 | |
| Total Government& Agency Obligations | $7,272,121 | $155,860 | $4,342,067 | |||||
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BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc.¶
CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶
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FINANCIAL TRUST CO INC¶
Your Portfolio Holdings (continued)¶
STATEMENT PERIOD May 29, 2004¶
Corporate Bonds¶
| DESCRIPTION | SYMBOL/CUSIP | ACCT TYPE | QUANTITY | PRICE | MARKET VALUE | ACCRUED INTEREST | ESTIMATED ANNUAL INCOME | CURRENT YIELD (%) |
|---|---|---|---|---|---|---|---|---|
| FANNIE MAE CMO/SERIES 2003-13 | MRGN | 31,413,267 | 14.5691 | 4,576,631 | 29,235 | 2,104,689 | 45.9877 | |
| S RCR-I/O FLTR DATED DATE 02/25/03 BOOK ENTRY ONLY DUE 03/25/2033 6,700% FACTOR = .62826539 | ||||||||
| Total CorporateBonds | $4,576,631 | $29,235 | $2,104,689 | |||||
| TOTAL FIXED INCOME | $11,848,752 | $185,095 | $6,446,756 |
| YOUR PORTFOLIOHOLDINGSACCRUED INTEREST | $185,095 |
| YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME | $6,446,756 |
| YOUR PRICED PORTFOLIOHOLDINGS | $11,977,782 |
Repurchase and Reverse Repurchase Transactions¶
with Bear, Stearns& Co.Inc.outstanding as of date of statement¶
| PURCHASE/START DATE | REPURCHASEDATE | PRICINGRATE | PURCHASE PRICE/PRINCIPAL | ACCRUED REPOINTEREST* | QUANTITY(FACE AMOUNT) | CUSIP | DESCRIPTION | |
| YOU SOLD(REPO) | 04/08/04 | 07/08/04 | 1.340 | -8,258,000 | -25,820 | -10,000,000 | GOVERNMENT NATIONAL MTG ASSOCSERIES 2004-2CLASS S 11.8950 01/16/34 | |
| YOU SOLD(REPO) | 06/01/04 | 07/01/04 | 1.325 | -4,345,000 | -4,797 | -44,000,000 | GOVERNMENT NATIONAL MTG ASSOCSERIES 2004-5CLASS P 5.6700 02/20/33 |
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CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶
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FINANCIAL TRUST CO INC¶
STATEMENT PERIOD May 29, 2004¶
LAST STATEMENT May 28, 2004¶
| PURCHASE/ START DATE | REPURCHASE DATE | PRICING RATE | PURCHASE PRICE/ PRINCIPAL | ACCRUED REPO INTEREST* | QUANTITY (FACE AMOUNT) | CUSIP | DESCRIPTION | |
|---|---|---|---|---|---|---|---|---|
| YOU SOLD (REPO) | 06/14/04 | 07/08/04 | 1.340 | -2,072,000 | -1,311 | -44,389,962 | GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-2 CLASS S 5.9475 01/16/34 | |
| YOU SOLD (REPO) | 06/30/04 | 07/01/04 | 1.325 | -1,744,350 | -64 | -15,000,000 | FNMA-SMBS PRINCIPAL ONLY SERIES 322 CLASS PO 03/01/32 | |
| YOU BOUGHT (REVERSE) | 06/04/04 | OPEN | 0.900 | 25,062,500 | 13,178 | 25,000,000 | USTR 3.1250 05/15/07 | |
| YOU BOUGHT (REVERSE) | 06/30/04 | OPEN | 1.100 | 100,125,000 | 3,059 | 100,000,000 | USTR 2.7500 06/30/06 | |
| TOTAL REVERSE REPURCHASE TRANSACTIONS | $125,187,500 | $16,237 | ||||||
| TOTAL REPURCHASE TRANSACTIONS | $-16,419,350 | $-31,992 | ||||||
As of statement date¶
Transaction Detail¶
INVESTMENT ACTIVITY¶
| SETTLEMENT DATE | TRADE DATE | TRANSACTION | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | PRICE | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|---|---|
| 06/01/04 | 05/26/04 | SOLD | UNITED STATES TREASURY NOTE DUE 05/31/2006, 02,500% MN 31 YIELD 2,566 % TO MATURITY GVER REF # G1471007 A5 AS OF 05/26/04 | -25,000,000 | 99.87200 | 24,968,000.00 | ||
| ACCR. INT. | 1,707.65 |
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Transaction Detail (continued)¶
STATEMENT PERIOD May 29, 2004¶
INVESTMENT ACTIVITY (continued)¶
THROUGH June 30, 2004¶
ACCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | May 28, 2004 |¶
| :--- | :--- |¶
| SETTLEMENT DATE | TRADE DATE | TRANSACTION | DESCRIPTION | SYMBOL/CUSP | QUANTITY | PRICE | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|---|---|
| 06/01/04 | 05/26/04 | SOLD | UNITED STATES TREASURY NOTE DUE 05/31/2006, 02,500% MN 31 YIELD: 2,568 % TO MATURITY GVER REF # G1471007 BS AS OF 05/26/04 | -50,000,000 | 99.87200 | 49,936,000.00 | ||
| 06/04/04 | 06/03/04 | SOLD | UNITED STATES TREASURY NOTE DUE 05/15/2007, 03,125% MN 15 YIELD: 3,158 % TO MATURITY GVER REF # G1551006 A1 | -25,000,000 | 99.90625 | 24,976,562.50 | ||
| 06/04/04 | 06/03/04 | SOLD | UNITED STATES TREASURY NOTE DUE 05/31/2006, 02,500% MN 31 Yield: 2,618 % TO MATURITY GVER REF # G1551009 A1 | -25,000,000 | 99.77344 | 24,943,359.38 | ||
| 06/09/04 | 06/03/04 | BOUGHT | PUT TSY 3 1/8 05/07 EUROPORT STKR 99-20 EXP 08/01/2004 ORIGINAL SID 06/04/04 AS OF 06/03/04 | 50,000,000 | 0.71094 | 355,468.75 | 6,830.60 | |
| 06/14/04 | 06/10/04 | SOLD | FEDL HOME LOAN MTG CORP#S03602 SERIES 223 CLASS PO DUE 12/01/2032 REF # 200406 105769000 BS | -2,636,265 | 72.06250 | 1,899,758.47 | ||
| 06/15/04 | PRINCIPAL | FEDERAL HOME LOAN MTG CORP SERIES 2490 CL SL 5,900 DUE 03/15/32 PRINCIPAL REDUCTN 06-15-04 | -815,870 | |||||
| 06/15/04 | PRINCIPAL | FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SO 6,900 DUE 03/15/32 PRINCIPAL REDUCTN 06-15-04 | -707,179 | |||||
| 06/15/04 | PRINCIPAL | FEDERAL HOME LOAN MTG CORP SERIES 2530 CLASS SE 6,300 DUE 02/15/32 PRINCIPAL REDUCTN 06-15-04 | -938,179 |
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Transaction Detail (continued)¶
STATEMENT PERIOD May 29, 2004¶
THROUGH June 30, 2004¶
INVESTMENT ACTIVITY (continued)¶
ACCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | May 28, 2004 |¶
| :--- | :--- |¶
| SETTLEMENT DATE | TRADE DATE | TRANSACTION | DESCRIPTION | SYMBOLIC/USP | QUANTITY | PRICE | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|---|---|
| 06/15/04 | PRINCIPAL | FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI 5,900 DUE 02/15/32 PRINCIPAL REDUCTN 06-15-04 | -402,434 | |||||
| 06/15/04 | PRINCIPAL | FEDL HOME LOAN MTG CORP#S03602 SERIES 223 CLASS PO DUE 12/01/32 PRIN R/D 05-04 PID 06-15-04 REPO P & I 0,0000 | 97,950.70 | |||||
| 06/16/04 | PRINCIPAL | GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 12,200 DUE 01/16/34 PRIN P/D 06-04 PID 06-16-04 REPO P & I 12,2000 | 86,358.20 | |||||
| 06/25/04 | 06/24/04 | BOUGHT | UNITED STATES TREASURY NOTE DUE 05/31/2006 02,500% MN 31 YIELD 2,658 % TO MATURITY GVER REF # G1761027 A3 | 50,000,000 ACCR. INT. | 99,70313 | 49,851,562.50 85,382.51 | ||
| 06/25/04 | 06/24/04 | BOUGHT | UNITED STATES TREASURY NOTE DUE 05/31/2006 02,500% MN 31 Yield 2,658 % TO MATURITY GVER REF # G1761027 B3 | 50,000,000 ACCR. INT. | 99,70313 | 49,851,562.50 85,382.51 | ||
| 06/25/04 | PRINCIPAL | FEDERAL NATIONAL MTG ASSN STRUP MTG SERIES 322 CL PO 0.001 DUE 8301022 PRIN R/D 05-04 PID 06-25-04 REPO P & I 0,0000 | 227,462.55 | |||||
| 06/25/04 | PRINCIPAL | FANNIE MAE CMO/SERIES 2003-13 S RCR-I/O FLTR 6,900 DUE 03/25/33 PRINCIPAL REDUCTN 06-25-04 | -951,594 | |||||
| 06/25/04 | PRINCIPAL | FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW S 5000 DUE 01/15/30 PRINCIPAL REDUCTN 06-25-04 | -479,449 |
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EFTA00195873¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc.¶
CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶
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FINANCIAL TRUST CO INC¶
Transaction Detail (continued)¶
STATEMENT PERIOD May 29, 2004¶
INVESTMENT ACTIVITY (continued)¶
THROUGH June 30, 2004¶
ACCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | May 28, 2004 |¶
| :--- | :--- |¶
| SETTLEMENT DATE | TRADE DATE | TRANSACTION | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | PRICE | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|---|---|
| 06/30/04 | 06/24/04 | SOLD | UNITED STATES TREASURY NOTE DUE 06/30/2006 02,750% JD 30 | -50,000,000 | 100.06250 | 50,031,250.00 | ||
| YIELD 2,718 % TO MATURITY GVER REF # G1761023 A1 | ||||||||
| 06/30/04 | 06/24/04 | SOLD | UNITED STATES TREASURY NOTE DUE 06/30/2006 02,750% JD 30 | -50,000,000 | 100.06250 | 50,031,250.00 | ||
| YIELD 2,718 % TO MATURITY GVER REF # G1761023 B1 | ||||||||
| TOTAL | -100,229,358.77 | $227,252,364.59 | ||||||
INTEREST¶
| DATE | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | RATE (%) | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|
| 06/01/04 | AVG BAL 325,401RT 0.270 021 OFFICE INTEREST 0504 | 75.62 | ||||
| 06/15/04 | FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT DUE 03/15/2032 1,000 INT R/D 05-04 P/D 06-15-04 REPO P & I 1,0000 | 1.0000 | 24,081.17 | |||
| 06/15/04 | FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL DUE 03/15/2032 5,900 INTEREST PAYMENT 06-15-04 | 5.9000 | 82,505.83 | |||
| 06/15/04 | FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SO DUE 03/15/2032 6,900 INTEREST PAYMENT 06-15-04 | 6.9000 | 83,635.25 | |||
| 06/15/04 | FEDERAL HOME LOAN MTG CORP SERIES 2530 CLASS SE DUE 02/15/2032 6,300 INTEREST PAYMENT 06-15-04 | 6.3000 | 101,297.82 |
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BEAR STEARNS¶
CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶
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FINANCIAL TRUST CO INC¶
Transaction Detail (continued)¶
STATEMENT PERIOD May 29, 2004¶
INTEREST (continued)¶
THROUGH June 30, 2004¶
ACCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | May 28, 2004 |¶
| :--- | :--- |¶
| DATE | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | RATE (%) | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|
| 06/15/04 | FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI DUE 02/15/2032 5,900 INTEREST PAYMENT 06-15-04 | 5.9000 | 40,693.14 | |||
| 06/16/04 | GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SB DUE 01/16/2034 6,100 INT R/D 06-04 P/D 06-16-04 REPO P & I 6,1000 | 6.1000 | 219,760.82 | |||
| 06/16/04 | GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG DUE 01/16/2034 12,200 INT R/D 06-04 P/D 06-16-04 REPO P & I 12,2000 | 12,2000 | 98,925.90 | |||
| 06/21/04 | GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/20/2033 5,850 INT R/D 05-04 P/D 06-20-04 REPO P & I 5,8500 | 5.8500 | 214,500.00 | |||
| 06/25/04 | FANNIE MAE CMO/SERIES 2003-13 S RGR/I/O FLTR DUE 03/25/2033 6,900 INTEREST PAYMENT 06-25-04 | 6.9000 | 186,097.96 | |||
| 06/25/04 | FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW DUE 01/25/2033 5,900 INTEREST PAYMENT 06-25-04 | 5.9000 | 80,174.33 | |||
| TOTAL | $1,131,747.84 | |||||
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FINANCIAL TRUST CO INC¶
Transaction Detail (continued)¶
STATEMENT PERIOD May 29, 2004¶
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear, Stearns& Co.Inc.¶
THROUGH June 30, 2004¶
AGCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | May 28, 2004 |¶
| :--- | :--- |¶
| SETTLEMENT DATE | TRADE DATE | TRANSACTION | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|---|
| 06/01/04 | JOURNAL | FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO 0,001 DUE 03/01/22 FITM A2 TERM REPO AGREEMENT | 4,744,651 | 3,241,000.00 | |||
| 06/01/04 | JOURNAL | FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO 0,001 DUE 03/01/22 FITM A1 REPO AGREEMENT | -4,744,651 | 3,297,000.00 | |||
| 06/01/04 | JOURNAL | FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO 0,001 DUE 03/01/22 FITM A2 REPO AGREEMENT | 4,744,651 | 3,297,000.00 | |||
| 06/01/04 | JOURNAL | FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO 0,001 DUE 03/01/22 FITM A3 REPO AGREEMENT | -4,744,651 | 3,297,000.00 | |||
| 06/01/04 | JOURNAL | GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 5,850 DUE 02/20/33 FITM A2 TERM REPO AGREEMENT | 44,000,000 | 4,300,000.00 | |||
| 06/01/04 | JOURNAL | GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 5,850 DUE 02/20/33 FITM F1153207 A1 REPO AGREEMENT | -44,000,000 | 4,345,000.00 | |||
| 06/01/04 | RECEIVED | UNITED STATES TREASURY NOTE DUE 05/31/2006 2,500 2,500 DUE 05/31/06 FITM A1 RESALE AGREEMENT | 75,000,000 | 75,187,500.00 |
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Transaction Detail (continued)¶
STATEMENT PERIOD May 29, 2004¶
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)¶
THROUGH June 30, 2004¶
AGCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | May 28, 2004 |¶
| :--- | :--- |¶
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CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶
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FINANCIAL TRUST CO INC¶
Transaction Detail (continued)¶
STATEMENT PERIOD May 29, 2004¶
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)¶
THROUGH June 30, 2004¶
AGCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | May 28, 2004 |¶
| :--- | :--- |¶
| SETTLEMENT DATE | TRADE DATE | TRANSACTION | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|---|
| 06/10/04 | JOURNAL | FEDL HOME LOAN MTG CORP#S03602 SERIES 223 CLASS PO DUE 12/01/2022 FITM REPO AGREEMENT | -2,636,265 | 250,000.00 | |||
| 06/14/04 | JOURNAL | FEDL HOME LOAN MTG CORP#S03602 SERIES 223 CLASS PO DUE 12/01/2022 FITM A2 TERM REPO AGREEMENT | 2,636,265 | 250,000.00 | |||
| 06/14/04 | JOURNAL | GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SB 6,100 DUE 01/11/2024 FITM A1 REPO AGREEMENT | -43,231,636 | 2,072,000.00 | |||
| 06/14/04 | JOURNAL | GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SB 6,100 DUE 01/11/2024 FITM A2 TERM REPO AGREEMENT | 43,231,636 | 3,712,000.00 | |||
| 06/14/04 | INTEREST | FEDL HOME LOAN MTG CORP#S03602 SERIES 223 CLASS PO DUE 12/01/2032 0,000 FITM A2 REPO INTEREST | 39.20 | ||||
| 06/14/04 | INTEREST | GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SB DUE 01/16/2034 6,100 FITM A2 REPO INTEREST | 9,257.32 | ||||
| 06/25/04 | DELIVERED | UNITED STATES TREASURY NOTE DUE 05/31/2006 2,500 2,500 DUE 05/31/06 FITM A2 TERM RESALE AGREEMENT | -100,000,000 | 100,000,000.00 |
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Transaction Detail (continued)¶
STATEMENT PERIOD May 29, 2004¶
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)¶
THROUGH June 30, 2004¶
AGCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | May 28, 2004 |¶
| :--- | :--- |¶
| SETTLEMENT DATE | TRADE DATE | TRANSACTION | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|---|
| 06/25/04 | INTEREST | UNITED STATES TREASURY NOTE DUE 05/31/2006 2,500 FITM A2 RESALE INTEREST | 38,027.78 | ||||
| 06/29/04 | JOURNAL | ADP CD FITM-PR 8,625 DUE 12/31/49 | 1,740,000.00 | ||||
| 06/29/ | JOURNAL | ADP CD FITM-PR 8,625 DUE 12/31/49 | 1,740,000.00 | ||||
| 06/30/04 | JOURNAL | FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO 0,001 DUE 03/01/32 FITM A1 REPO AGREEMENT | -4,517,189 | 1,744,350.00 | |||
| 06/30/04 | JOURNAL | FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO 0,001 DUE 03/01/32 FITM A4 TERM REPO AGREEMENT | 4,517,189 | 3,297,000.00 | |||
| 06/30/04 | RECEIVED | UNITED STATES TREASURY NOTE DUE 06/30/2006 2,750 2,750 DUE 06/30/06 FITM A1 RESALE AGREEMENT | 100,000,000 | 100,125,000.00 | |||
| 06/30/04 | INTEREST | FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO DUE 03/01/2032 0,001 FITM A4 REPO INTEREST | 3,519.09 | ||||
| TOTAL | -320,228,477.34 | $191,975,201.06 | |||||
027¶
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EFTA00195879¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc.¶
16 of 16¶
Transaction Detail (continued)¶
MISCELLANEOUS¶
CLEARED THROUGH ITS¶
CLEARLY WOUNDED SUBSIDIARY¶
| DATE MO/DAY | TRANSACTION | DESCRIPTION | DEBIT AMOUNT | CREDIT AMOUNT |
| 06/14/04 | JOURNAL | MAY 04 SPEC CLEARING FEES | 450.00 | |
| TOTAL | -450.00 |
Effective no earlier than thirty (30) days from your receipt of this statement, we will compute interest regarding your short sales and marking-to-the market as follows:¶
FINANCIAL TRUST CO INC¶
The credit that appears on your statement due to short sales (including short sales against the box) is offset by a debit of like amount because Bear Stearns Securities has to borrow the same security in order to deliver it to the buying broker and has to provide its lender additional collateral of up to 105% of the settled short market value of the borrowed securities to secure such loan. This means that the debit balance on which interest is computed will be the difference between (i) up to 105% of the settled short market value of such short sales (across all currencies), which shall be calculated daily, and (ii) the proceeds of such short sales.¶
Your messages¶
Notice Regarding a Change in The Statement of Interest Charges Pursuant to the “Truth-in-Lending” Rule 10 (b)-16 Regarding Short Sales And Marking-To-The-Market¶
STATEMENT PERIOD May 29, 2004¶
AGCOUNT NUMBER¶
THROUGH June 30, 2004¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | May 28, 2004 |¶
| :--- | :--- |¶
Any short positions in your account will be kept “marked-to-the market”. This means that periodically the balance maintained in the short account will be adjusted to equal the market value of the short securities. Securities that are priced below five dollars per share may be valued at five dollars per share for short marking-to-the market purposes. If a security has been sold short (or sold short against the box) and has appreciated in market price over the selling price, interest will be charged on the amount of appreciation; if it depreciates in market price, interest will be correspondingly reduced by the drop in value. The appreciation or depreciation of securities sold short will be determined by Bear Stearns Securities based upon daily closing prices or quotations provided by pricing services, as applicable, or upon such factors as Bear Stearns Securities in its sole judgement deems pertinent.¶
Please note that the other sections of the “Truth-in-Lending” disclosure previously provided to you remain unchanged.¶
******* End of Statement*******¶
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