G-405 PART IIA Report on Finances and Operations of Government Securiti

FORM
G-405

REPORT ON FINANCES AND OPERATIONS OF
GOVERNMENT SECURITIES BROKERS AND DEALERS

PART IIA

OMB APPROVAL
OMB # 1535-0089

12

(Please read instructions before preparing Form.)

1) 17 CFR 405.2 & Rule 17a-5(a)

16

2) 17 CFR 405.2 & Rule 17a-5(b)

17

5) Other

19

4) Special request by designated examining authority

3) 17 CFR 405.3 & Rule 17a-11

18

26

SEC FILE NO.

NAME OF GOVERNMENT SECURITIES BROKER OR DEALER:

14
13

FIRM ID. NO.

ADDRESS OF PRINCIPAL PLACE OF BUSINESS (Do Not Use P.O. Box No.)

15
FOR PERIOD BEGINNING (MMDDYYYY)
20

(No. and Street)
21

23

22

(City)

24
AND ENDING (MMDDYYYY)

(State)

25

(ZIP Code)

NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT

(Area Code) - Telephone No.
30

NAME(S) OF SUBSIDIARIES OR AFFILIATES CONSOLIDATED IN THIS REPORT:

31
OFFICIAL USE

32

33

34

35

36

37

38

39

DOES RESPONDENT CARRY ITS OWN CUSTOMER ACCOUNTS?

YES

40

NO

41
42

CHECK HERE IF RESPONDENT IS FILING AN AUDITED REPORT

EXECUTION:
The registrant/government securities broker or dealer submitting this Form and its attachments
and the person(s) by whom it is executed represent hereby that all information contained
therein is true, correct and complete. It is understood that all required items, statements, and
schedules are considered integral parts of this Form and that the submission of any
amendment represents that all unamended items, statements and schedules remain true,
correct and complete as previously submitted.

Dated the
Manual signatures of:

day of

in the year

1)
Principal Executive Officer or Managing Partner

2)
Principal Financial Officer or Partner

3)
Principal Operations Officer or Partner
ATTENTION - Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. (See 18 U.S.C. 1001 and 15 U.S.C. 78:f(a).)

TO BE COMPLETED WITH THE ANNUAL AUDIT REPORT ONLY:

INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report

Name (If individual, state last, first, middle name)
70

ADDRESS

Number and Street

City

State

72

73

71

ZIP Code
74

Check One:
( )

Certified Public Accountant

75

( )

Public Accountant

76

( )

Accountant not resident in United States or
any of its possessions

77

FOR SEC USE

DO NOT WRITE UNDER THIS LINE . . . FOR SEC USE ONLY

WORK LOCATION

50

REPORT DATE
MMDDYYYY

DOC. SEQ. NO.

51

Page 2

CARD

52

53

Form G-405 Part IIA

REPORT ON FINANCES AND OPERATIONS OF
GOVERNMENT SECURITIES BROKERS AND DEALERS
PART IIA
GOVERNMENT SECURITIES BROKER OR DEALER

N3

100

STATEMENT OF FINANCIAL CONDITION FOR NONCARRYING, NONCLEARING AND
CERTAIN OTHER GOVERNMENT SECURITIES BROKERS OR DEALERS

ASSETS

$

98
198

Consolidated
Unconsolidated

Allowable

1. Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Receivables from brokers or dealers:
A. Clearance account . . . . . . . . . . . . . .
B. Other . . . . . . . . . . . . . . . . . . . . . . . . .
3. Receivables from non-customers. . . . . .
4. Securities and spot commodities
owned, at market value:
A. Exempted securities . . . . . . . . . . . . .
B. Debt securities. . . . . . . . . . . . . . . . . .
C. Options . . . . . . . . . . . . . . . . . . . . . . .
D. Other securities . . . . . . . . . . . . . . . . .
E. Spot commodities . . . . . . . . . . . . . . .
5. Securities and/or other investments
not readily marketable:
130
$
A. At cost
B. At estimated fair value. . . . . . . . . . . .
6. Securities borrowed under subordination
agreements and partners’ individual
and capital securities accounts,
at market value:
A. Exempted
150
securities $
B. Other
160
securities $
7. Secured demand notes-. . . . . . . . . . . . .
market value of collateral:
A. Exempted
170
securities $
B. Other
180
securities $
8. Memberships in exchanges:
A. Owned, at
190
market
$
B. Owned, at cost . . . . . . . . . . . . . . . . .
C. Contributed for use of the company,
at market value . . . . . . . . . . . . . . . . .
9. Investment in and receivables from
affiliates, subsidiaries and
associated partnerships . . . . . . . . . . . . .
10. Property, furniture, equipment, leasehold improvements and rights under
lease agreements, at cost (net of
accumulated depreciation and
amortization) . . . . . . . . . . . . . . . . . . . . .
11. Other assets. . . . . . . . . . . . . . . . . . . . . .
12. TOTAL ASSETS . . . . . . . . . . . . . . . . . .

99

as of (MMDDYYYY)
SEC FILE NO.

Non-Allowable

199

Total

200

$

750

295
300

$

355

550

810

600

830

418
419
420
424
430

850

440

610

860

460

630

880

470

640

890

650

$

660

900

480

670

910

490

680

920

535

735

930

540

740

Page 3

$

$

940

OMIT PENNIES
Form G-405 Part IIA

REPORT ON FINANCES AND OPERATIONS OF

GOVERNMENT SECURITIES BROKERS AND DEALERS

PART IIA

GOVERNMENT SECURITIES BROKER OR DEALER
as of
STATEMENT OF FINANCIAL CONDITION FOR NONCARRYING, NONCLEARING AND
CERTAIN OTHER GOVERNMENT SECURITIES BROKERS OR DEALERS

LIABILITIES AND OWNERSHIP EQUITY
Liabilities

Total

13. Bank loans payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

14. Payable to brokers or dealers:

A. Clearance account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

B. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15. Payable to non-customers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

16. Securities sold not yet purchased, at market value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

17. Accounts payable, accrued liabilities, expenses and other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

18. Notes and mortgages payable:

A. Unsecured . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

B. Secured . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

19. Liabilities subordinated to claims of general creditors:

A. Cash borrowings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
970
1. From outsiders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$
980
$
2. Includes equity subordination (15c3-1(d)) of . . . . . . . . . . . . . .
B. Securities borrowings, at market value. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
990
1.
From outsiders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
C. Pursuant to secured demand note collateral agreements . . . . . . . . . . . . . . . . . . . . . . . . . .
1000
1. From outsiders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$
1010
2. Includes equity subordination (15c3-1(d)) of . . . . . . . . . . . . . .$
D. Exchange memberships contributed for use of company, at market value . . . . . . . . . . . . . . . . . . .

E. Accounts and other borrowings not qualified for liquid capital purposes. . . . . . . . . . . . . . . . . . . . .

20. TOTAL LIABILITIES. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1470

$

1560
1540
1610
1620
1685

1690
1700

1710

1720

1730

1740
1750
1760

$

Ownership Equity
21. Sole proprietorship . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
1020 )

22. Partnership (limited partners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
23. Corporation:

A. Preferred stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

B. Common stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

C. Additional paid-in capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

D. Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

E. Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F. Less capital stock in treasury . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(
24. TOTAL OWNERSHIP EQUITY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
25. TOTAL LIABILITIES AND OWNERSHIP EQUITY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$

Page 4

1770
1780

1791
1792
1793
1794
1795

)

1796
1800
1810

OMIT PENNIES

Form G-405 Part IIA

REPORT ON FINANCES AND OPERATIONS OF

GOVERNMENT SECURITIES BROKERS AND DEALERS

PART IIA

GOVERNMENT SECURITIES BROKER OR DEALER

as of

COMPUTATION OF LIQUID CAPITAL
Total
1.
2.
3.
4.

5.
6.

7.
8.
9.

10.

Total ownership equity from Statement of Financial Condition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Deduct ownership equity not allowable for liquid capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Total ownership equity qualified for liquid capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Add:

A. Liabilities subordinated to claims of general creditors

allowable in computation of liquid capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

B. Other (deductions) or allowable credits (List) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Total capital and allowable subordinated liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Deductions and/or charges:

A. Total non-allowable assets from Statement of Financial Condition

3540
(Notes B and C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
3590
B. Secured demand note deficiency . . . . . . . . . . . . . . . . . . . . . . . . .

3610
C. Other deductions and/or charges . . . . . . . . . . . . . . . . . . . . . . . . .

Other additions and/or allowable credits (List) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Liquid Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Total haircuts (computed pursuant to 17 CFR 402.2(g) and Appendix A thereto):

A. Haircuts on security and financing positions,

including contractual commitments:

3730
1. Total governments offset portion haircut . . . . . . . . . . . . . . . . .
$
3731
2. Total futures and options offset haircut . . . . . . . . . . . . . . . . . .

3732
3. Total hedging disallowance haircut . . . . . . . . . . . . . . . . . . . . .

3733
4. Residual net position haircut . . . . . . . . . . . . . . . . . . . . . . . . . .

3734
5. Other securities haircut (use SEC factors) . . . . . . . . . . . . . . . .

B. Haircuts on credit exposure:

3735
1. Counterparty exposure haircut . . . . . . . . . . . . . . . . . . . . . . . . .

3736
2. Concentration of credit haircut . . . . . . . . . . . . . . . . . . . . . . . . .

3737
3. Credit volatility haircut . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Liquid capital less haircuts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3480

$

(

)

3490
3500

3520
3525
3530

$

(

)

3620
3630
3640

3740

$

3750

OMIT PENNIES

Page 5

Form G-405 Part IIA

REPORT ON FINANCES AND OPERATIONS OF

GOVERNMENT SECURITIES BROKERS AND DEALERS

PART IIA

GOVERNMENT SECURITIES BROKER OR DEALER
as of
COMPUTATION OF BASIC LIQUID CAPITAL REQUIREMENT

11.
12.
13.
14.
15.

120% liquid capital requirement (120% of line 9). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Minimum liquid capital requirement (see Note A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Excess liquid capital (line 8 less line 12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Excess liquid capital at 150% (line 8 less 150% of line 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Percentage of debt to debt-equity total computed in accordance with Rule 15c3-1(d)
as modified by 17 CFR 402.2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

3756

$

3760

$

3770

$

3780

%

3860

NOTES:
(A) The minimum liquid capital requirement is the greater of:
1. The amount of liquid capital necessary to exceed total haircuts by the amounts
required pursuant to 17 CFR 402.2(b) or (c); or
2. 120% of total haircuts.
(B) Do not deduct the value of securities borrowed under subordination agreements or secured
demand notes covered by subordination agreements not in satisfactory form, the market values
of memberships in exchanges contributed for use of company (contra to item 1740), and partners’
securities which were included in non-allowable assets.
(C) For reports filed pursuant to 17 CFR 405.2 & paragraph (d) of Rule 17a-5, respondent should
provide a list of material non-allowable assets.

Page 6

Form G-405 Part IIA

REPORT ON FINANCES AND OPERATIONS OF

GOVERNMENT SECURITIES BROKERS AND DEALERS

PART IIA

GOVERNMENT SECURITIES BROKER OR DEALER

For the period (MMDDYYYY) from
Number of months included in this statement

3932

3933

to

3931

STATEMENT OF INCOME (LOSS)
REVENUE
1. Commissions:

A. Commissions on listed option transactions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

B. All other securities commissions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

C. Total securities commissions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2. Gains or losses on firm securities trading accounts:

A. From market making in options on a national securities exchange . . . . . . . . . . . . . . . . . . . . . . . . .

B. From all other trading . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

C. Total gain (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3. Gains or losses on firm securities investment accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4. Profit (loss) from underwriting and selling groups . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5. Commodities revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6. Fees for account supervision, investment advisory and administrative services . . . . . . . . . . . . . . . . . .

7. Other revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8. Total revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

3938
3939

3940

3945
3949
3950
3952
3955
3990
3975
3995

$

4030

$

4120

EXPENSES
9.
10.
11.
12.

Salaries and other employment costs for general partners and voting stockholder officers . . . . . . . . .

Other employee compensation and benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Commissions paid to other brokers or dealers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4070
A. Includes interest on accounts subject to subordination agreements . . . .

13. Regulatory fees and expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

14. Other expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15. Total expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4115
4140
4075

4195
4100

$

4200

$

4210

NET INCOME
16. Net income (loss) before Federal income taxes and items below (item 8 less item 15) . . . . . . . . . . . .

17. Provision for Federal income taxes (for parent only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

18.
Equity in earnings (losses) of unconsolidated subsidiaries not included above . . . . . . . . . . . . . .
4238
A. After Federal income taxes of . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

19.
Extraordinary gains (losses) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4239
A. After Federal income tax of . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20. Cumulative effect of changes in accounting principles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

21. Net income (loss) after Federal income taxes and extraordinary items . . . . . . . . . . . . . . . . . . . . . . . . .

4220
4222

4224

$

4225
4230

MONTHLY INCOME
22. Income (current month only) before provision for Federal income

taxes and extraordinary items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Page 7

$

4211

Form G-405 Part IIA

REPORT ON FINANCES AND OPERATIONS OF
GOVERNMENT SECURITIES BROKERS AND DEALERS
PART IIA
GOVERNMENT SECURITIES BROKER OR DEALER

For the period (MMDDYYYY) from

to

STATEMENT OF CHANGES IN OWNERSHIP EQUITY

(SOLE PROPRIETORSHIP, PARTNERSHIP OR CORPORATION)

4240

1. Balance, beginning of period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
A. Net Income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4262 )
B. Additions (includes non-conforming capital of . . . . . . . . . . . . . . . $
4272 )
C. Deductions (includes non-conforming capital of . . . . . . . . . . . . . $

$

2. Balance, end of period (From item 1800). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

4290

1. Balance, beginning of period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
A. Increases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
B. Decreases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

4300

2. Balance, end of period (From item 3520). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

4250
4260

(

)

4270

STATEMENT OF CHANGES IN LIABILITIES SUBORDINATED
TO CLAIMS OF GENERAL CREDITORS

4310

(

)

4320

4330

OMIT PENNIES

Page 8

Form G-405 Part IIA

REPORT ON FINANCES AND OPERATIONS OF

GOVERNMENT SECURITIES BROKERS AND DEALERS

PART IIA

GOVERNMENT SECURITIES BROKER OR DEALER
as of

Exemptive Provision Under Rule 15c3-3

Identify below the section upon which an exemption from 17 CFR 240.15c3-3 (Rule 15c3-3) is claimed:
A. (k)(2)(ii) – All customer transactions cleared through another broker or dealer on a fully disclosed basis
4335
Name of clearing firm
.......................
B. (k)(3) – Exempted by order of the Commission (include copy of letter) . . . . . . . . . . . . . . . . .

4570
4580

Ownership Equity and Subordinated Liabilities maturing or proposed to be
withdrawn within the next six months and accruals (as defined below)
which have not been deducted in the computation of liquid capital.

Type of Proposed
Withdrawal or
Accrual
(See below for code)

Name of
Lender or
Contributor

Amount to be Withdrawn (cash amount
and/or Liquid Capital
Value of Securities)

Insider or
Outsider?
(In or Out)

(MMDDYYYY)
Withdrawal or
Maturity
Date

Expect
to
Renew
(yes or no)

4600

4601

4602

$

4603

4604

4605

4610

4611

4612

$

4613

4614

4615

4620

4621

4622

$

4623

4624

4625

4630

4631

4632

$

4633

4634

4635

4640

4641

4642

$

4643

4644

4645

Total

$

4699

OMIT PENNIES

Instructions:

Detail listing must include the total of items maturing during the six month period following
the report date, regardless of whether or not the capital contribution is expected to be renewed.
The schedule must also include proposed capital withdrawals scheduled within the six month
period following the report date including the proposed redemption of stock and anticipated
accruals which would cause a reduction of liquid capital. These anticipated accruals would
include amounts of bonuses, partners’ drawing accounts, taxes, interest on capital, voluntary
contributions to pension or profit sharing plans, etc. which have not been deducted in the
computation of liquid capital, but which you anticipate will be paid within the next six months.

WITHDRAWAL CODE:
1.
2.
3.

DESCRIPTION
Equity Capital
Subordinated Liabilities
Accruals

Page 9

Form G-405 Part IIA