- 14 -
effective interest income rate on the mortgages serving as
collateral exceeds the interest payments to the holders of the
CMOs and GMCs. The float income is the interest on the monthly
principal and interest payments that could be earned between
receipt of the payments by petitioner and remittance to the CMO
and GMC holders.
The debt instruments in issue had issue dates, maturity
dates, outstanding principal on December 31, 1984, effective
contract rates, and market prices per $100 on January 1, 1985, as
follows:
Principal Effective
Debt Maturity Outstanding Contract Market Price Per
Instrument Issue DateDate On 12/31/1984 Interest $100 on
Rate1 1/1/19852
G-15 11/19/1970 11/27/1995$70,000,0008.681 87.335069
G-16 8/2/1971 8/26/1996 82,500,000 7.813 81.835069
G-17 5/25/1972 5/26/1997150,000,0007.250 70.381944
F-12 2/25/1977 2/25/1985200,000,0007.407 99.906250
F-15 2/27/1978 5/28/1985200,000,0008.158 99.890625
F-8 ll/25/1976 11/25/198540,000,000 8.442 99.187500
F-18 5/25/1979 2/25/1986200,000,0009.581 99.937500
F-11 10/25/1973 11/26/1993400,000,0007.412 77.000000
F-13 2/25/1977 2/25/1997300,000,0007.910 75.687500
D-2 3/30/1983 3/30/1990300,000,00010.937 98.062500
ND 7/1/1975 11/1/1986 11,363,000 7.750 95.968750
CMO-A2 6/15/1983 12/15/1995350,000,00011.162 97.664063
CMO-A3 6/15/1983 6/15/2013435,000,00011.803 96.390625
CMO-C4 1/31/1984 1/31/200985,052,100 12.403 94.890625
Z-2 11/29/1984 11/29/20193212,584,00010.252 2.703125
Z-3 11/30/1984 11/30/1994479,678,00011.820 31.458333
Page: Previous 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 NextLast modified: May 25, 2011