EFTA00195897
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 | 18 | | :--- | :--- |
FINANCIAL TRUST CO INC
C/O JEFFREY EPSTEIN
6100 RED HOOK QUARTER
ST B3
ST THOMAS VI 00802
CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY Your Portfolio at a Glance
TOTAL VALUE OF SECURITIES THIS PERIOD13,163,012
LONG ACCRUED INTEREST890
NET DEBIT BALANCE-12,163
NET EQUITY THIS PERIOD$13,363,739
NET EQUITY LAST STATEMENT12,961,281
CHANGE SINCE LAST STATEMENT402,458
There are no "Stop Loss" orders or other pending buy or sell open orders on file for your account. | LAST STATEMENT | March 31, 2004 | | :--- | :--- | TAXPAYER NUMBER On File FINANCIAL TRUST CO INC ACCOUNT NUMBER STATEMENT PERIOD April 1, 2004 THROUGH April 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 05/01/04;13:17 001 EFTA00195898 2 of 18 STATEMENT BACKER IS PRINTED ON THIS PAGE 027 EFTA00195899 3 of 18 Cash Flow Analysis
THIS PERIOD
OpeningBalance$29,336.35
Securities Sold262,416,355.93
Dividends/Interest1,376,137.05
Amount Credited$263,792,492.98
Securities Bought-263,737,814.70
Funds Withdrawn-70,695.00
Dividends/Interest Charged-16,393.44
Miscellaneous-9,089.06
Amount Debited$-263,833,992.20
Net Cash Activity-41,499.22
Closing Balance$-12,162.87
Cash Balance Summary
OPENINGCLOSING
Margin29,336.35-12,162.87
Net Cash Balance$29,336.35$-12,162.87
Income Summary
THIS PERIODYEAR TO DATE
U.S.Govt.Bond Int.167,034.09167,034.09
Govt.Agency Int.1,006,614.643,376,410.86
Corp.Bond Int.202,418.63832,120.57
Credit Balance Int.69.6969.69
Reverse Repurchase Int.1,534.743,307.52
Total$1,377,671.79$4,378,942.73
Bond Purchase Int.-16,393.44-219,193.47
Margin Int.Paid0.00-1,770.70
Repurchase Int.Exp.-29,010.01-47,617.49
Portfolio Composition
SHORTLONG
Cash/Cash Equivalent12,163
Fixed Income13,163,012
Total$12,163$13,163,012
STATEMENT PERIOD April 1, 2004 FINANCIAL TRUST CO INC THROUGH April 30, 2004
ACCOUNT NUMBER
TAXPAYER NUMBEROn File
LAST STATEMENTMarch 31, 2004
Your Portfolio Allocation 05/01/04;13:17 001 Unshaded portions denote debit balance and/or short market values. The allocation percentage is derived from the absolute market value of your portfolio. EFTA00195900 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 4 of 18 FINANCIAL TRUST CO INC
DESCRIPTIONSYMBOL/CUSIPQUANTITYPRICEMARKET VALUEESTIMATED ANNUAL INCOMECURRENT YIELD (%)
CASH BALANCE-12,163
TOTAL CASH & CASH EQUIVALENTS-$-12,163
CASH & CASH EQUIVALENTS ## Your Portfolio Holdings STATEMENT PERIOD April 1, 2004 THROUGH April 30, 2004 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | March 31, 2004 | | :--- | :--- | ## FIXED INCOME Government & Agency Obligations
DESCRIPTIONSYMBOL/CUSIPACCT TYPEQUANTITYPRICEMARKET VALUEACCRUED INTERESTESTIMATED ANNUAL INCOMECURRENT YIELD (%)
FEDERAL HOME LOAN MTG CORP
SERIES 2530 CLASS SE
DATED DATE 10/11/02
BOOK ENTRY ONLY
DUE 02/15/2032 6,300%
FACTOR = .34684482		MRGN20,810,6899.94492,069,59454,6301,311,07363.3493
FEDERAL HOME LOAN MTG CORP
SERIES 2526 CLASS SI
DATED DATE 10/01/02
BOOK ENTRY ONLY
DUE 02/15/2032 5,900%
FACTOR = .34684481		MRGN8,926,8058.9198796,25421,943526,68166.1448
FEDERAL HOME LOAN MTG CORP
SERIES 2488 CLASS SO
DATED DATE 07/08/02
BOOK ENTRY ONLY
DUE 03/15/2032 6,900%
FACTOR = .31416139		MRGN15,708,06711.33181,780,01145,1601,083,85760.8905
FEDERAL HOME LOAN MTG CORP
SERIES 2483 CL SL
DATED DATE 07/02/02
BOOK ENTRY ONLY
DUE 03/15/2032 5,900%
FACTOR = .31416137		MRGN18,122,3778.85921,605,49344,5501,069,22066.5976
027 05/01/04;13:17 001 EFTA00195901 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY **5 of 18** FINANCIAL TRUST CO INC ## Your Portfolio Holdings (continued) STATEMENT PERIOD April 1, 2004 THROUGH April 30, 2004
DESCRIPTIONSYMBOL/CUSIPACCT TYPEQUANTITYPRICEMARKET VALUEACCRUED INTERESTESTIMATED ANNUAL INCOMECURRENT YIELD (%)
FEDERAL NATIONAL MTG ASSNMRGN17,125,93010.86891,861,40214,0321,010,43054.2833
SERIES 2003-49 CLASS SW
DATED DATE 04/30/03
BOOK ENTRY ONLY
DUE 01/25/2033 5,900%
FACTOR = .70457480
Total Government& Agency Obligations$8,112,754$180,315$5,001,261
Corporate Bonds
DESCRIPTIONSYMBOL/CUSIPACCT TYPEQUANTITYPRICEMARKET VALUEACCRUED INTERESTESTIMATED ANNUAL INCOMECURRENT YIELD (%)
FANNIE MAE CMO/SERIES 2003-13
S RCR-I/O FLTR
DATED DATE 02/25/03
BOOK ENTRY ONLY
DUE 03/25/2033 6,900%
FACTOR = .67981909		MRGN33,990,95314.85775,050,25832,5752,345,37646.4407
Total CorporateBonds$5,050,258$32,575$2,345,376
TOTAL FIXED INCOME$13,163,012$212,890$7,346,637
YOUR PORTFOLIOHOLDINGSACCRUED INTEREST$212,890
YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME$7,346,637
YOUR PRICED PORTFOLIOHOLDINGS$13,150,849
027 05/01/04;13:17 001 EFTA00195902 6 of 18 FINANCIAL TRUST CO INC ## Repurchase and Reverse Repurchase Transactions STATEMENT PERIOD April 1, 2004 THROUGH April 30, 2004 TAXPAYER NUMBER On File | LAST STATEMENT | March 31, 2004 | | :--- | :--- |
PURCHASE/START DATEREPURCHASEDATEPRICINGRATEPURCHASE PRICE/PRINCIPALACCRUED REPOINTEREST*QUANTITY(FACE AMOUNT)CUSIPDESCRIPTION
YOU SOLD(REPO)04/08/0405/10/041.300-5,907,000-5,332-44,000,000GOVERNMENT NATIONAL MTG ASSOCSERIES 2004-5 CLASS P 5.8500 02/20/33
YOU SOLD(REPO)04/08/0407/08/041.340-3,712,000-3,454-44,389,962GOVERNMENT NATIONAL MTG ASSOCSERIES 2004-2 CLASS S 6.1000 01/16/34
YOU SOLD(REPO)04/08/0407/08/041.340-8,258,000-7,684-10,000,000GOVERNMENT NATIONAL MTG ASSOCSERIES 2004-2 CLASS S 12.2000 01/16/34
YOU SOLD(REPO)04/26/0405/10/041.300-200,000-50-5,000,000F H L M C - STRIP PRINCIPAL ONLY
YOU SOLD(REPO)04/29/0405/10/041.300-3,260,000-470-15,000,000FNMA-SMBS PRINCIPAL ONLYSERIES 322 CLASS PO 03/01/32
YOU BOUGHT(REVERSE)04/30/04OPEN0.45050,000,0001,87550,000,000USTR 2.2500 04/30/06
TOTAL REVERSE REPURCHASE TRANSACTIONS$50,000,000$1,875
TOTAL REPURCHASE TRANSACTIONS$-21,337,000$-16,990
*As of statement date* 027 05/01/04;13:17 001 V830 EFTA00195903 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 7 of 18 FINANCIAL TRUST CO INC Transaction Detail ## INVESTMENT ACTIVITY
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYPRICEDEBIT AMOUNTCREDIT AMOUNT
04/05/0404/02/04SOLDUNITED STATES TREASURY NOTE DUE 01/15/2009 03,250% JJ 15 YIELD 3,113 % TO MATURETY GVER REF # G0931017 A1-10,000,000100.6015610,060,156.25 72,321.43
04/05/0404/02/04SOLDUNITED STATES TREASURY NOTE DUE 02/15/2009 03,000 FA 15 Yield 3,138 % TO MATURETY GVER REF # G0931099 A1-20,000,00099.3906319,878,125.00 82,417.58
04/06/0404/05/04SOLDUNITED STATES TREASURY NOTE DUE 03/31/2006 01,500% MS 31 Yield 1,887 % TO MATURETY GVER REF # G0961031 A1-50,000,00099.2500049,625,000.00 12,295.08
04/08/0404/07/04BOUGHTUNITED STATES TREASURY NOTE DUE 03/31/2006 01,500% MS 31 Yield 1,819 % TO MATURETY GVER REF # G0981006 A150,000,000 ACCR. INT.99.3828149,691,406.25 16,393.44
04/08/04JOURNALFEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT 1,000 DUE 03/15/32 ADJUST POSITION1
04/08/04JOURNALFEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT 1,000 DUE 03/15/321
04/08/04JOURNALFEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW 5,910 DUE 01/25/33 ADJUST POSITION1
04/08/04JOURNALFEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW 5,910 DUE 01/25/331
027 05/01/04;13:17 001 EFTA00195904 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 8 of 18 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD April 1, 2004 ## INVESTMENT ACTIVITY (continued) THROUGH April 30, 2004 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | March 31, 2004 | | :--- | :--- |
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYPRICEDEBIT AMOUNTCREDIT AMOUNT
04/12/04JOURNALFEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT 1,000 DUE 03/15/32-1
04/15/0404/06/04CANCEL SELLFNMA-30YR(FNMA)GTD SETT;04/03 DUE 04/01/2033, 05,500% REF # 20040404057890000 BS AS OF 04/06/04 TO CXL PREVIOUS SELL25,000,000101.4492225,362,304.69
04/15/0404/02/04BOUGHTFNMA-30YR(FNMA)GTD SETT;04/03 DUE 04/01/2033, 05,500% REF # 20040404057890000 BS25,000,000101.4843825,371,093.75
04/15/0404/06/04SOLDFNMA-30YR(FNMA)GTD SETT;04/03 DUE 04/01/2033, 05,500% REF # 20040404057890000 BS-25,000,000101.4492225,362,304.69
04/15/0404/02/04CANCEL BUYFNMA-30YR(FNMA)GTD SETT;04/03 DUE 04/01/2033, 05,500% REF # 20040404057890000 BS AS OF 04/02/04 TO CXL PREVIOUS BUY-25,000,000101.4843825,371,093.75
04/15/04PRINCIPALFEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL 5,910 DUE 03/15/32 PRINCIPAL REDUCTN 04-15-04-1,104,000
04/15/04PRINCIPALFEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL 5,910 DUE 03/15/32 PRINCIPAL REDUCTN 04-15-04-120
| 05/01/04;13:17 | 001 | V830 | | :--- | :--- | :--- | | EFTA00195905 | | :--- | :--- | This is a simple Markdown document with no headings or paragraphs. It contains just one line of text. CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 9 of 18 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD April 1, 2004 THROUGH April 30, 2004 ## INVESTMENT ACTIVITY (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | March 31, 2004 | | :--- | :--- |
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSPQUANTITYPRICEDEBIT AMOUNTCREDIT AMOUNT
04/15/04PRINCIPALFEDERAL HOME LOAN MTG CORP
SERIES 2488 CLASS SQ
6,910 DUE 03/15/32
PRINCIPAL REDUCTN 04-15-04		-957,026
04/15/04PRINCIPALFEDERAL HOME LOAN MTG CORP
SERIES 2530 CLASS SE
6,310 DUE 02/15/32
PRINCIPAL REDUCTN 04-15-04		-1,214,000
04/15/04PRINCIPALFEDERAL HOME LOAN MTG CORP
SERIES 2530 CLASS SE
6,310 DUE 02/15/32
PRINCIPAL REDUCTN 04-15-04		-164
04/15/04PRINCIPALFEDERAL HOME LOAN MTG CORP
SERIES 2526 CLASS SI
5,910 DUE 02/15/32
PRINCIPAL REDUCTN 04-15-04		-520,819
04/15/04PRINCIPALFEDL HOME LOAN MTG CORP#S03602
SERIES 222 CLASS PO
DUE 12/01/32
PRIN R/D 03-04 P/D 04-15-04
REPO P & I		126,480.85
04/16/04PRINCIPALGOVERNMENT NATIONAL MTG ASSN
SERIES 2004-2 CLASS SG
12,220 DUE 01/16/34
PRIN R/D 04-04 P/D 04-16-04
REPO P & I		71,293.90
04/26/04PRINCIPALFEDERAL NATIONAL MTG ASSN
STRIM MTG SERIES 322 CL PO
0,001 DUE 03/01/32
PRIN R/D 03-04 P/D 04-25-04
REPO P & I		286,866.75
04/26/04PRINCIPALFANNIE MAE CMO/SERIES 2003-13
S RCR-I/O FLTR
6,910 DUE 03/25/33
PRINCIPAL REDUCTN 04-25-04		-1,161,000
| 05/01/04;13:17 | 001 | V830 | | :--- | :--- | :--- | EFTA00195906 OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 10 of 18 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD April 1, 2004 THROUGH April 30, 2004 ## INVESTMENT ACTIVITY (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | March 31, 2004 | | :--- | :--- |
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYPRICEDEBIT AMOUNTCREDIT AMOUNT
04/26/04PRINCIPALFANNIE MAE CMO/SERIES 2003-13
S RCR-I/O FLTR
6,910 DUE 03/25/33
PRINCIPAL REDUCTN 04-25-04		-340
04/26/04PRINCIPALFEDERAL NATIONAL MTG ASSN
SERIES 2003-49 CLASS SW
5,910 DUE 01/25/33
PRINCIPAL REDUCTN 04-25-04		-585,127
04/30/0404/28/04SOLDUNITED STATES TREASURY NOTE
DUE 04/30/2006 02,250% AO 30
YIELD 2,267 % TO MATURITY
GVER REF # G1191005 A3		-50,000,00099.9670049,983,500.00
TOTAL
## DEPOSITS AND WITHDRAWALS
DATETRANSACTIONDESCRIPTIONDEBIT AMOUNTCREDIT AMOUNT
04/02/04FND WIRED70,695.00
FLEET NATIONALWIRED TO
BANK C#264414
TOTAL-70,695.00
INTEREST
DATEDESCRIPTIONSYMBOL/CUSIPQUANTITYRATE (%)DEBIT AMOUNTCREDIT AMOUNT
04/01/04AVG BAL 245,100RT 0.34169.69
021 OFFICE INTEREST 0304
027 05/01/04;13:17 001 EFTA00195907 BEAR STEARNS CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 11 of 18 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) INTEREST (continued) STATEMENT PERIOD April 1, 2004 THROUGH April 30, 2004 AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | March 31, 2004 | | :--- | :--- |
DATEDESCRIPTIONSYMBOL/CUSIPQUANTITYRATE (%)DEBIT AMOUNTCREDIT AMOUNT
04/15/04FEDERAL HOME LOAN MTG CORP
SERIES 2483 CL SL
DUE 03/15/2032 5,910
INTEREST PAYMENT 04-15-04		5.910094,690.50
04/15/04FEDERAL HOME LOAN MTG CORP
SERIES 2488 CLASS SD
DUE 03/15/2032 6,910
INTEREST PAYMENT 04-15-04		6.910095,963.17
04/15/04FEDERAL HOME LOAN MTG CORP
SERIES 2530 CLASS SE
DUE 02/15/2032 6,310
INTEREST PAYMENT 04-15-04		6.3100115,814.02
04/15/04FEDERAL HOME LOAN MTG CORP
SERIES 2526 CLASS SI
DUE 02/15/2032 5,910
INTEREST PAYMENT 04-15-04		5.910046,529.55
04/16/04FEDERAL HOME LOAN MTG CORP
SERIES 2471 CLASS YT
DUE 03/15/2032 1,000
4/15 INT PYMT		1.000027,590.78
04/16/04GOVERNMENT NATIONAL MTG ASSN
SERIES 2004-2 CLASS SB
DUE 01/16/2034 6,110
INT R/D 04-04 P/O 04-16-04
REPO P & I 6,1100		6.1100223,315.59
04/16/04GOVERNMENT NATIONAL MTG ASSN
SERIES 2004-2 CLASS SG
DUE 01/16/2034 12,220
INT R/D 04-04 P/O 04-16-04
REPO P & I 12,2200		12.2200100,617.41
04/20/04GOVERNMENT NATIONAL MTG ASSN
SERIES 2004-5 CLASS PS
DUE 02/20/2033 5,860
INT R/D 03-04 P/O 04-20-04
REPO P & I 5,8600		5.8600214,866.67
027 05/01/04;13:17 001 EFTA00195908 BEAR STEARNS OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc. CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 12 of 18 FINANCIAL TRUST CO INC ## Transaction Detail (continued) STATEMENT PERIOD April 1, 2004 THROUGH April 30, 2004 INTEREST (continued) ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | March 31, 2004 | | :--- | :--- |
DATEDESCRIPTIONSYMBOL/CUSIPQUANTITYRATE (%)DEBIT AMOUNTCREDIT AMOUNT
04/26/04FANNIE MAE CMO/SERIES 2003-13
S RCR-I/O FLTR
DUE 03/25/2033 6,910
INTEREST PAYMENT 04-25-04		6.9100202,418.63
04/26/04FEDERAL NATIONAL MTG ASSN
SERIES 2003-49 CLASS SW
DUE 01/25/2033 5,910
INTEREST PAYMENT 04-25-04		5.910087,226.95
TOTAL$1,209,102.96
REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear, Stearns& Co.Inc.
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYDEBIT AMOUNTCREDIT AMOUNT
04/05/04JOURNALFEDERAL HOME LOAN MTG CORP
SERIES 2471 CLASS YT
1,000 DUE 03/15/32
FITMARGN A1
REPO AGREEMENT		-33,108,931
04/05/04JOURNALUNITED STATES TREASURY NOTE
FITM A2
3,250 DUE 01/15/09
TERM REPO AGREEMENT		10,000,00010,275,000.00
04/05/04JOURNALUNITED STATES TREASURY NOTE
FITM A2
3,000 DUE 02/15/09
TERM REPO AGREEMENT		20,000,00020,250,000.00
04/05/04INTERESTUNITED STATES TREASURY NOTE
DUE 01/15/2009 3,250
FITM A2
REPO INTEREST		2,902.69
027 05/01/04;13:17 001 EFTA00195909 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 13 of 18 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD April 1, 2004 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) THROUGH April 30, 2004 AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | March 31, 2004 | | :--- | :--- | 027 05/01/04;13:17 001 EFTA00195910 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 14 of 18 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD April 1, 2004 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) THROUGH April 30, 2004 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | March 31, 2004 | | :--- | :--- |
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYDEBIT AMOUNTCREDIT AMOUNT
04/08/04JOURNALFEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW 5,910 DUE 01/25/33 FITM AZ TERM REPO AGREEMENT17,711,0561,492,000.00
04/08/04JOURNALGOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SB 6,110 DUE 01/16/34 FITM AZ TERM REPO AGREEMENT43,859,035100,000.00
04/08/04JOURNALGOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SB 6,110 DUE 01/16/34 FITM A1 REPO AGREEMENT-43,859,0353,712,000.00
04/08/04JOURNALGOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 12,220 DUE 01/16/34 FITM A1 REPO AGREEMENT-9,880,5968,258,000.00
04/08/04JOURNALGOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 12,220 DUE 01/16/34 FITM AZ TERM REPO AGREEMENT9,880,5968,523,000.00
04/08/04JOURNALGOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 5,860 DUE 02/20/33 FITM A1 REPO AGREEMENT-44,000,0005,907,000.00
04/08/04JOURNALGOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS 5,860 DUE 02/20/33 FITM AZ TERM REPO AGREEMENT44,000,0007,107,000.00
027 05/01/04;13:17 001 EFTA00195911 CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY 15 of 18 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD April 1, 2004 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) THROUGH April 30, 2004 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | March 31, 2004 | | :--- | :--- |
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYDEBIT AMOUNTCREDIT AMOUNT
04/08/04DELIVEREDUNITED STATES TREASURY NOTE
DUE 03/31/2006, 500
1,500 DUE 03/31/2006
FITM A2
TERM RESALE AGREEMENT		-50,000,00049,875,000.00
04/08/04INTERESTFEDERAL NATIONAL MTG ASSN
STRIP MTG SERIES 322 CL PO
DUE 03/01/2002, 0,001
FITM A2
REPO INTEREST		2,350.83
04/08/04INTERESTFEDL HOME LOAN MTG CORP#S03602
SERIES 223 CLASS PO
DUE 12/01/2002, 0,000
FITM A2
REPO INTEREST		2,659.80
04/08/04INTERESTFEDERAL NATIONAL MTG ASSN
SERIES 2003-49 CLASS SW
DUE 01/25/2003, 5,910
FITM A2
REPO INTEREST		53.88
04/08/04INTERESTGOVERNMENT NATIONAL MTG ASSN
SERIES 2004-2 CLASS SB
DUE 01/16/2004, 6,110
FITM A2
REPO INTEREST		50.56
04/08/04INTERESTGOVERNMENT NATIONAL MTG ASSN
SERIES 2004-2 CLASS SG
DUE 01/16/2004, 12,220
FITM A2
REPO INTEREST		4,616.63
04/08/04INTERESTGOVERNMENT NATIONAL MTG ASSN
SERIES 2004-5 CLASS PS
DUE 02/20/2003, 5,860
FITM A2
REPO INTEREST		7,955.89
027 05/01/04;13:17 001 EFTA00195912 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 16 of 18 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD April 1, 2004 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) THROUGH April 30, 2004 ACCOUNT NUMBER | LAST STATEMENT | March 31, 2004 | | :--- | :--- | TAXPAYER NUMBER On File 027 05/01/04;13:17 001 EFTA00195913 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 17 of 18 FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) STATEMENT PERIOD April 1, 2004 ## REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued) THROUGH April 30, 2004 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | March 31, 2004 | | :--- | :--- |
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYDEBIT AMOUNTCREDIT AMOUNT
04/26/INTERESTADP CD
DUE 12/31/2049 8,625
FITM-PR		357.14
04/29/04JOURNALFEDERAL NATIONAL MTG ASSN
STRIP MTG SERIES 322 CL PO
0,001 DUE 03/01/32
FITM A1
REPO AGREEMENT		-5,054,1053,260,000.00
04/29/04JOURNALFEDERAL NATIONAL MTG ASSN
STRIP MTG SERIES 322 CL PO
0,001 DUE 03/01/32
FITM B2
TERM REPO AGREEMENT		5,054,1053,906,000.00
04/29/04INTERESTFEDERAL NATIONAL MTG ASSN
STRIP MTG SERIES 322 CL PO
DUE 03/01/2032 0,001
FITM B2
REPO INTEREST		2,962.05
04/30/04RECEIVEDUNITED STATES TREASURY NOTE
DUE 04/30/2006 2,250
2,250 DUE 04/30/06
FITM A1
RESALE AGREEMENT		50,000,00050,000,000.00
TOTAL-163,313,010.01$81,651,534.74
## MISCELLANEOUS
DATE MO/DAYTRANSACTIONDESCRIPTIONDEBIT AMOUNTCREDIT AMOUNT
04/14/04JOURNALFNMA-30YR(FNMA)GTD
SETT,04/03
5,500 DUE 04/01/33
MBS NET 04/14/04		8,789.06
027 05/01/04;13:17 001 V830 EFTA00195914 CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY 18 of 18
DATE MO/DAYTRANSACTIONDESCRIPTIONDEBIT AMOUNTCREDIT AMOUNT
04/21/04JOURNALMAR 04 SPEC CLEARING FEES300.00
TOTAL-9,089.06
FINANCIAL TRUST CO INC ## **Transaction Detail** (continued) MISCELLANEOUS (continued) STATEMENT PERIOD April 1, 2004 THROUGH April 30, 2004 AGCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | March 31, 2004 | | :--- | :--- | ## Trades Executed Pending Settlement
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYPRICEDEBIT AMOUNTCREDIT AMOUNT
05/13/0404/06/04BOUGHTFNMA-30YR(FNMA)GTD SETT,05/04 DUE 05/01/2034 05,500% REF # 2004040657900000 BS25,000,000.00101.109325,277,343.75
05/13/0404/07/04SOLDFNMA-30YR(FNMA)GTD SETT,05/04 DUE 05/01/2034 05,500% REF # 2004040757540000 BS-15,000,000.00101.562515,234,375.00
05/13/0404/16/04SOLDFNMA-30YR(FNMA)GTD SETT,05/04 DUE 05/01/2034 05,500% REF # 2004041657470000 BS-10,000,000.00100.750010,075,000.00
TOTAL$25,277,343.75$25,309,375.00
The above trades do not appear in any other section of this statement. 027 05/01/04;13:17 001