EFTA00197793¶
| | |¶
| :--- | :--- |¶
| ACCOUNT EXECUTIVE | GREENBERG,ALAN C. |¶
| TELEPHONE | |¶
| VISIT OUR WEBSITE | www.bearstearns.com |¶
What’s In This Statement¶
Financial Summary 3¶
Your Portfolio Holdings … 4¶
| Transaction Detail | 5 |¶
| :--- | :--- |¶
Fund Activity 5¶
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSIDIARY¶
Your Messages 8¶
INSTITUTIONAL INTERESTS A/C #2¶
C/O FINANCIAL TRUST COMPANY¶
ATTN LARRY KEMP¶
6100 RED HOOK QUARTER¶
SUITE B-3¶
ST THOMAS VI 00802¶
INSTITUTIONAL INTERESTS A/C #2¶
AGCOUNT NUMBER¶
STATEMENT PERIOD August 30, 2003¶
THROUGH September 30, 2003¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | August 29, 2003 |¶
| :--- | :--- |¶
Your Portfolio at a Glance¶
| TOTAL VALUE OF SECURITIES THIS PERIOD | 20,728,086 |
| NET CREDIT BALANCE | 93,685 |
| MONEY MARKET FUND BALANCE | 112,842 |
| NET EQUITY THIS PERIOD | $20,934,613 |
| NET EQUITY LAST STATEMENT | 20,913,103 |
| CHANGE SINCE LAST STATEMENT | 21,509 |
There are no “Stop Loss” orders or other pending buy or sell open orders on file for your account.¶
Market Value of Your Portfolio¶
Important Message¶
Bear Stearns is pleased to announce our conversion to a calendar month-end statement. Effective this month, your account statement reflects all activity and account valuation up to and including the last business day of the month.¶
Please report any difference or non-receipt of checks or stocks, indicated as delivered to you, to Client Services at 800-634-1428; or write to Client Services at Bear, Steams Securities Corp., Brooklyn, N.Y. 11201-3859.¶
| 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 | 10/01/03:11:21 001 |
EFTA00197794¶
2 of 9¶
INSTITUTIONAL INTERESTS A/C #2¶
STATEMENT BACKER IS PRINTED ON THIS PAGE¶
027¶
EFTA00197795¶
3 of 9¶
Cash Flow Analysis¶
| THIS PERIOD | |
| OpeningBalance | $22,643.20 |
| Money Fund | 87.79 |
| Dividends/Interest | 71,041.30 |
| Amount Credited | $71,129.09 |
| Money Fund | -87.79 |
| Amount Debited | $-87.79 |
| Net Cash Activity | 71,041.30 |
| ClosingBalance | $93,684.50 |
Cash Balance Summary¶
| OPENING | CLOSING | |
| Cash | 22,643.20 | 93,684.50 |
| Net Cash Balance | $22,643.20 | $93,684.50 |
Income Summary¶
| THIS PERIOD | YEAR TO DATE | |
|---|---|---|
| Dividends | 71,112.79 | 251,898.10 |
| Credit Balance Int. | 16.30 | 6,113.33 |
| Total | $71,129.09 | $258,011.43 |
Portfolio Composition¶
| Cash/Cash Equivalent | 206,527 |
| Equities | 20,728,086 |
| Total | $20,934,613 |
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSDIARY¶
STATEMENT PERIOD August 30, 2003¶
INSTITUTIONAL INTERESTS A/C #2¶
THROUGH September 30, 2003¶
ACCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
Your Portfolio Allocation¶
| LAST STATEMENT | August 29, 2003 |¶
| :--- | :--- |¶
EFTA00197796¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc.¶
4 of 9¶
Your Portfolio Holdings¶
CASH & CASH EQUIVALENTS¶
| DESCRIPTION | SYMBOL/CUSIP | QUANTITY | PRICE | MARKET VALUE | ESTIMATED ANNUAL INCOME | CURRENT YIELD (%) |
|---|---|---|---|---|---|---|
| CASH BALANCE | 93,685 | |||||
| BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CLY DIVIDEND REINVESTED | BSMXX | 112,841.92 | 1.0000 | 112,842 | 1,016 | 0.9004 |
| TOTAL CASH & CASH EQUIVALENTS | $206,527 | $1,016 |
EQUITIES¶
Equities & Options¶
| DESCRIPTION | SYMBOL/CUSIP | ACCT TYPE | QUANTITY | PRICE | MARKET VALUE | ESTIMATED ANNUAL INCOME | CURRENT YIELD (%) |
|---|---|---|---|---|---|---|---|
| AOL TIME WARNER INC | AOL | CASH | 100,000 | 15.1100 | 1,511,000 | ||
| AMERICAN INTERNATIONAL GROUP INC | AIG | CASH | 25,000 | 57.7000 | 1,442,500 | 6,500 | 0.4506 |
| BANK OF AMER CORP | BAC | CASH | 30,000 | 78.0400 | 2,341,200 | 96,000 | 4.1005 |
| CITIGROUP INC | C | CASH | 27,375 | 45.5100 | 1,245,836 | 38,325 | 3.0762 |
| E I DU PONT DE NEMOURS & CO | DD | CASH | 25,000 | 40.0100 | 1,000,250 | 35,000 | 3.4991 |
| FREDDIE MAC-VOTING COMMON (FORMERLY FEDERAL HOME LOAN MORTGAGE CORP) | FRE | CASH | 30,000 | 52.3500 | 1,570,500 | 31,200 | 1.9866 |
| INTERNATIONAL BUSINESS MACHINES CORP | IBM | CASH | 20,000 | 88.3300 | 1,766,600 | 12,800 | 0.7246 |
| JOHNSON& JOHNSON | JNJ | CASH | 60,000 | 49.5200 | 2,971,200 | 57,600 | 1.9386 |
| MBNA CORP | KRB | CASH | 100,000 | 22.8000 | 2,280,000 | 40,000 | 1.7544 |
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSDIARY¶
STATEMENT PERIOD August 30, 2003¶
INSTITUTIONAL INTERESTS A/C #2¶
THROUGH September 30, 2003¶
AGCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | August 29, 2003 |¶
| :--- | :--- |¶
027¶
10/01/03;11:21 001¶
V813¶
EFTA00197797¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc.¶
5 of 9¶
Your Portfolio Holdings (continued)¶
Equities & Options (continued)¶
| DESCRIPTION | SYMBOL/CUSIP | ACCT TYPE | QUANTITY | PRICE | MARKET VALUE | ESTIMATED ANNUAL INCOME | CURRENT YIELD (%) |
|---|---|---|---|---|---|---|---|
| PFIZER INC | PFE | CASH | 75,000 | 30.3800 | 2,278,500 | 45,000 | 1.9750 |
| PROCTER & GAMBLE CO Total Equities& Options | PG | CASH | 25,000 | 92.8200 | 2,320,500 | 45,500 | 1.9608 |
| $20,728,086 | $407,925 | ||||||
| TOTAL EQUITIES | $20,728,086 | $407,925 |
| YOUR TOTAL ESTIMATED ANNUAL INCOME | $408,941 |
| YOUR PRICED PORTFOLIOHOLDINGS | $20,934,613 |
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSDIARY¶
MONEY FUND ACTIVITY¶
Transaction Detail¶
INSTITUTIONAL INTERESTS A/C #2¶
| DATE MO/DAY | TRANSACTION | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | PRICE | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|---|
| 08/30/03 | OPENINGBALANCE | 112,754.13 |
STATEMENT PERIOD August 30, 2003¶
| LAST STATEMENT | August 29, 2003 |¶
| :--- | :--- |¶
TAXPAYER NUMBER On File¶
ACCOUNT NUMBER¶
| THROUGH | September 30, 2003 |¶
| :--- | :--- |¶
| 09/02/03 | DIVIDEND | BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y RECORD 08/29/03 PAY 08/29/03 | BSMXX | 87.79 | |
| 09/02/03 | REINVEST | BEAR STEARNS PRIME MONEY MARKET PORTFOLIO CL Y REINVEST PRICE $1.00 | BSMXX | 87.79 | 87.79 |
027¶
10/01/03;11:21 001¶
EFTA00197798¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc.¶
CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶
6 of 9¶
INSTITUTIONAL INTERESTS A/C #2¶
Transaction Detail (continued)¶
STATEMENT PERIOD August 30, 2003¶
THROUGH September 30, 2003¶
MONEY FUND ACTIVITY (continued)¶
ACCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | August 29, 2003 |¶
| :--- | :--- |¶
| DATE MO/DAY | TRANSACTION | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | PRICE | DEBIT AMOUNT | CREDIT AMOUNT |
| 09/30/03 | CLOSINGBALANCE | 112,841.92 | |||||
| TOTAL | -87.79 | $87.79 |
DIVIDENDS¶
| DATE | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | RATE ($) | DEBIT AMOUNT | CREDIT AMOUNT |
|---|---|---|---|---|---|---|
| 09/04/03 | PFIZER INC REC 08/15/03 PAY 09/04/03 | PFE | 75,000 | 0.1500 | 11,250.00 | |
| 09/09/03 | JOHNSON & JOHNSON REC 08/19/03 PAY 09/09/03 | JNJ | 60,000 | 0.2400 | 14,400.00 | |
| 09/10/03 | INTERNATIONAL BUSINESS MACHINES CORP REC 08/08/03 PAY 09/10/03 | IBM | 20,000 | 0.1600 | 3,200.00 | |
| 09/12/03 | E I DU PONT DE NEMOURS & CO REC 08/15/03 PAY 09/12/03 | DD | 25,000 | 0.3500 | 8,750.00 | |
| 09/19/03 | AMERICAN INTERNATIONAL GROUP INC REC 09/05/03 PAY 09/19/03 | AIG | 25,000 | 0.0650 | 1,625.00 | |
| 09/26/03 | BANK OF AMER CORP REC 09/05/03 PAY 09/26/03 | BAC | 30,000 | 0.8000 | 24,000.00 | |
| 09/30/03 | FREDDIE MAC-VOTING COMMON (FORMERLY FEDERAL HOME LOAN MORTGAGE CORP) REC 09/15/03 PAY 09/30/03 | FRE | 30,000 | 0.2600 | 7,800.00 | |
| TOTAL | $71,025.00 | |||||
027¶
10/01/03;11:21 001¶
EFTA00197799¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc.¶
CLEARED THROUGH ITS¶
CLEARLY WOUNDED SUBSIDIARY¶
7 of 9¶
INSTITUTIONAL INTERESTS A/C #2¶
Transaction Detail (continued)¶
INTEREST¶
STATEMENT PERIOD August 30, 2003¶
THROUGH September 30, 2003¶
AGCOUNT NUMBER¶
| DATE | DESCRIPTION | SYMBOL/CUSIP | QUANTITY | RATE (%) | DEBIT AMOUNT | CREDIT AMOUNT | |
|---|---|---|---|---|---|---|---|
| 09/22/03 | INTEREST ON CREDIT BALANCE AT 0 1/2% 08/21 THRU 09/20 | 0.5000 | 16.30 | ||||
| TOTAL | $16.30 | ||||||
TAXPAYER NUMBER On File¶
| LAST STATEMENT | August 29, 2003 |¶
| :--- | :--- |¶
027¶
10/01/03;11:21 001¶
V813¶
EFTA00197800¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc.¶
CLEARED THROUGH ITS¶
WHOLLY OWNED SUBSDIARY¶
8 of 9¶
Bear, Stearns Securities Corp. Net Capital and Net Capital Requirements:¶
At May 31, 2003 and July 31, 2003, the Company’s net capital of approximately $2.4 billion and $3.0 billion was approximately 6% and 7% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $799.5 million and $904.4 million by approximately $1.6 billion and $2.1 billion, all respectively.¶
A complete copy of the Bear, Stearns Securities Corp. Statement of Financial Condition is available on the web site www.bearstearns.com. Alternatively, to request a free printed copy please call - toll free 1-866-299-9331.¶
INSTITUTIONAL INTERESTS A/C #2¶
Your messages¶
STATEMENT PERIOD August 30, 2003¶
THROUGH September 30, 2003¶
AGCOUNT NUMBER¶
TAXPAYER NUMBER On File¶
| LAST STATEMENT | August 29, 2003 |¶
| :--- | :--- |¶
Securities and other assets in your account are the firm’s collateral for any margin loan made to you. If the securities and other assets in your account decline in value, so does the value of the collateral supporting your loan, and, as a result, the firm can take action, such as issue a margin call and/or sell securities or other assets in any of your accounts held with the member, in order to maintain the required equity in the account. It is important that you fully understand the risks involved in trading securities on margin. These risks include the following:¶
-
You can lose more funds than you deposit in the margin account,
-
The firm can force the sale of securities or other assets in you account(s).
-
The firm can sell your securities or other assets without contacting you.
-
You are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call.
-
The firm can increase its “house” maintenance margin requirements at any time and is not required to provide you advance written notice,
-
You are not entitled to an extension of time on a margin call.
027¶
10/01/03;11:21 001¶
EFTA00197801¶
BEAR STEARNS¶
OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc.¶
9 of 9¶
INSTITUTIONAL INTERESTS A/C #2¶
This statement is provided to explain Bear, Stearns & Co., Inc.’s (“BSC”) payment for order flow practices.¶
BSC routes a majority of orders for customer securities transactions to the primary market for such securities. Orders may also be routed to other market service vendors that assure executions pursuant to complex mathematical formulas at better than the national best bid or best offer (NBBO). BSC receives no cash payment or other consideration for such order routing other than favorable executions or executions of limit orders at no additional charge.¶
Pursuant to SEC Rule 11Ac1-6, please note the following:¶
Bear, Stearns & Co. Inc. will post its quarterly routing statistics at the following web link: http://www.bearstearns.com/, Click on Individual Investor, Click on Equities, Click on Order Routing Practices.¶
Customers of Bear, Stearns & Co. Inc. may request information on any order executed within the prior six months from the time of the request. Specifically, you may request the identity of the venue to which the identified orders were routed for execution, whether the order was directed by you to that venue, and the time of the executions, if any, that resulted from such orders.¶
******* End of Statement*******¶
027¶
10/01/03;11:21 001¶
V813¶