Comprehensive Annual Financial Report 2001

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SRS' 83,546 shares represent 2.13% of the total MTIP portfolio at market.
JRS' 27,312 shares represent .70% of the total MTIP portfolio at market.
HPORS' 50,576 shares represent 1.29% of the total MTIP portfolio at market.
FURS' 80,285 shares represent 2.05% of the total MTIP portfolio at market.
VFCA's 12,961 shares represent .33% of the total MTIP portfolio at market.
Shares/Par TFBP Portfolio $9,597,780 6,554,350 6,480,716 5,602,342 5,444,111 5,286,000 5.088.000 4.974,252 4,708.580 4,563,540
... Fair Value 1 8.000.000 United States Treasury Bonds $23,357,880 2 1 ,000,000 United States Treasury Notes 2 1 ,76 1 ,250 1 7.500,000 United States Treasury Bonds 1 9,025,825 1 6,000,000 United States Treasury Bonds 1 8,069,920 1 9,200,000 Vessel Management SVCS Inc U.S,G.G. 1 6,395,840 50,000,000 Student Loan Marketing Assn 15,612,000 14,000,000 United States Treasury Bonds 15,430,660 15,000,000 Federal National Mtg Assn 15,151,050 15,000,000 Federal National Mtg Assn 1 3,988,550 14,598,000 Bender Shipbuilding + Repair U.S.G.G.

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