Ernesto H. Monroy - Page 4

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          Financial Condition as of November 15, 1990."  He listed the                
          total value of his assets as $11,380,365.  Included in his assets           
          were his business interests as follows:                                     
          Business Name       % Ownership    Market Value       Cost                  
          TV Cable de Leon    100%           $3,500,000     $  500,000                
          Monne-building owner    100%       300,000        140,000                   
          Acoco-Cable Admin.     100%        210,000        120,000                   
          Celsa-Cable Constr.     100%          210,000        120,000                
          Locator-Mexico          100%       500,000        500,000                   
          Iisa-Commercial Bldg.   100%          700,000        650,000                
                                             $5,420,000     $2,030,000                
          Petitioner listed his "Sources of Cash" as:  salary (gross),                
          $150,000; rental income, $888; dividend and interest income,                
          $160,000; and dividends and distributions from business,                    
          $390,000.  Petitioner's other assets included automobiles                   
          consisting of three Mercedes Benzs and one Jaguar with a total              
          value of $215,000.                                                          
               In November 1990, petitioner became interested in purchasing           
          a controlling interest in an automobile dealership.  As part of             
          the negotiations, petitioner wrote a check for $50,000 to the               
          owner of the dealership.  The deal was never completed, and                 
          petitioner did not acquire an interest in the dealership.                   
               Throughout 1990, petitioner received transfers of funds from           
          Mexico that totaled $867,738.  He deposited the funds in various            
          accounts.                                                                   
               Petitioner became interested in purchasing a bank in San               
          Antonio, Texas.  Petitioner filed an application with the Texas             
          Department of Banking to purchase the Bank of Leon Springs.  The            




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