EFTA01558922.pdf

For the Period 7/1/09 to 7/31/09 0000004459.00.0.21.00001.FINAN18.20090804 FINANCIAL TRUST COMPANY INC ATTN: JEFFREY E EPSTEIN C/O AMERICAN YACHT HARBOR 6100 RED HOOK, QUARTERS #B3 ST THOMAS 00802 VIRGIN ISLANDS, U.S. Consolidated Summary Account Number Investment Account(s) FINANCIAL TRUST COMPANY, INC. FINANCIAL TRUST COMPANY, INC. Total Value Beginning Net Market Value 1,923,597.46 33.49 $1,923,630.95 Ending Net Market Value 1,924,052.99 33.49 $1,924,086.48 Change In Value 455.53 0.00 $455.53 Start on Page 2 13 Client News Elimination of Equity Research Ratings This statement no longer contains equity research ratings for companies covered by J.P. Morgan. For detailed company research and ratings, please visit J.P. Morgan Online or contact your J.P. Morgan team for more information. Page 1 of 18 EFTA01558922 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01558923 JPMorgan Chase Bank, N.A. 345 Park Avenue, New York, NY 10154-1002 FINANCIAL TRUST COMPANY, INC. ACCT. For the Period 7/1/09 to 7/31/09 Asset Account J.P. Morgan Private Bank Team Mary Casey Janet Young William Doherty III Online access Banker Client Service Team Client Service Team www.MorganOnline.com Table of Contents Account Summary Holdings Cash and Short Term Portfolio Activity 4 7 Page 2 Account Page 1 of 11 Page 2 of 18 EFTA01558924 FINANCIAL TRUST COMPANY, INC. ACCT. For the Period 7/1/09 to 7/31/09 Account Summary Asset Allocation Cash & Short Term Market Value Accruals Market Value with Accruals Beginning Ending Market Value 1,923,272.26 $1,923,272.26 325.20 $1,923,597.46 Market Value 1,923,597.46 $1,923,597.46 455.53 $1,924,052.99 Current Portfolio Activity Beginning Market Value Securities Transferred Out Net Contributions/Withdrawals Income & Distributions Change In Investment Value Ending Market Value Accruals Market Value with Accruals $0.00 325.20 $1,923,597.46 455.53 $1,924,052.99 Period Value 1,923,272.26 Year-to-Date Value 2,239,917.01 (224,250.00) ($224,250.00) 7,680.45 (99,750.00) $1,923,597.46 455.53 $1,924,052.99 Change In Value 325.20 $325.20 130.33 $455.53 Estimated 5,770.79 Current Annual Income Allocation 100% 100% Account Page 2 of 11 Page 3 of 18 EFTA01558925 FINANCIAL TRUST COMPANY, INC. ACCT. For the Period 7/1/09 to 7/31/09 Account Summary Tax Summary Domestic Dividends/Distributions Interest Income Taxable Income CONTINUED Current Period Value 325.19 0.01 $325.20 Year-to-Date Value 7,600.91 79.54 $7,680.45 Account Page 3 of 11 Page 4 of 18 EFTA01558926 FINANCIAL TRUST COMPANY, INC. ACCT. For the Period 7/1/09 to 7/31/09 Cash & Short Term Summary Beginning Asset Categories Cash Short Term Total Value Market Value 79.53 1,923,192.73 $1,923,272.26 Ending Market Value 0.00 1,923,597.46 $1,923,597.46 Change In Value (79.53) 404.73 $325.20 Current Allocation 100% 100% Current Market Value/Cost Market Value Tax Cost Estimated Annual Income Accrued Interest Yield Period Value 1,923,597.46 1,923,597.46 5,770.79 455.53 0.30% Account Page 4 of 11 Page 5 of 18 EFTA01558927 FINANCIAL TRUST COMPANY, INC. ACCT. For the Period 7/1/09 to 7/31/09 Cash & Short Term Summary SUMMARY BY MATURITY Short Term Less than 3 months SUMMARY BY TYPE Short Term Mutual Funds Market Value 1,923,597.46 % of Bond Portfolio 100% CONTINUED 1,923,597.46 Market Value Cash & Short Term Detail Quantity Short Term JPMORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARE CLASS FUND 829 7-Day Annualized Yield: .28% 4812A2-60-3 1,923,597.46 1.00 1,923,597.46 1,923,597.46 5,770.79 394.80 0.30% Price Market Value Tax Cost Adjusted Original Estimated Unrealized Gain/Loss Annual Income Accrued Interest Yield Account Page 5 of 11 Page 6 of 18 EFTA01558928 FINANCIAL TRUST COMPANY, INC. ACCT. For the Period 7/1/09 to 7/31/09 Quantity Short Term JPMORGAN PRIME MONEY MARKET FUND PREMIER SHARE CLASS FUND 350 4812A2-80-1 Total Short Term $1,923,597.46 $1,923,597.46 $0.00 $5,770.79 $455.53 0.30% N/A 60.73 Price Market Value Tax Cost Adjusted Original Estimated Unrealized Gain/Loss Annual Income Accrued Interest Yield Account Page 6 of 11 Page 7 of 18 EFTA01558929 FINANCIAL TRUST COMPANY, INC. ACCT. For the Period 7/1/09 to 7/31/09 Portfolio Activity Summary Beginning Cash Balance Transactions Income INFLOWS Total Inflows TRADE ACTIVITY Settled Sales/Maturities/Redemptions Settled Securities Purchased Total Trade Activity Ending Cash Balance * Year to date information is calculated on a calendar year basis. 1,923,517.92 (1,923,922.65) ($404.73) $0.00 1,923,517.92 (1,931,198.37) ($7,680.45) -Current Period Value 79.53 325.20 $325.20 Year-To-Date Value* -7,680.45 $7,680.45 Account Page 7 of 11 Page 8 of 18 EFTA01558930 FINANCIAL TRUST COMPANY, INC. ACCT. For the Period 7/1/09 to 7/31/09 Portfolio Activity Detail INFLOWS & OUTFLOWS Settlement Date 7/1 Type Domestic Dividend/Distribution Description JPMORGAN PRIME MONEY MARKET FUND PREMIER SHARE CLASS FUND 350 FOR JUN @ VARIOUS RATES FROM 0.0004140% TO 0.0007515% 7/1 Interest Income DEPOSIT SWEEP INTEREST FOR JUNE @ .09% RATE ON NET AVG COLLECTED BALANCE OF $79.53 AS OF 07/01/09 Total Inflows & Outflows TRADE ACTIVITY Settlement Trade Date 7/9 Date 7/9 Type Settled Sales/Maturities/Redemptions Sale Description JPMORGAN PRIME MONEY MARKET FUND PREMIER SHARE CLASS FUND 350 @ 1.00 TRADE DATE 07/09/09 Quantity (1,923,517.920 ) $325.20 0.01 Quantity 1,923,192.730 Per Unit Amount Amount 325.19 Per Unit Amount 1.00 Proceeds Tax Cost 1,923,517.92 (1,923,517.92) Realized Gain/Loss Account Page 8 of 11 Page 9 of 18 EFTA01558931 FINANCIAL TRUST COMPANY, INC. ACCT. For the Period 7/1/09 to 7/31/09 Trade Date Settlement Date 7/1 Type Settled Securities Purchased 7/1 Purchase Description JPMORGAN PRIME MONEY MARKET FUND PREMIER SHARE CLASS FUND 350 REINVESTED @ 1.00 PER SHARE 7/8 7/8 Purchase JPMORGAN PRIME MONEY MARKET FUND INSTITUTIONAL SHARE CLASS FUND 829 @ 1.00 TRADE DATE 07/08/09 Total Settled Securities Purchased ($1,923,922.65) 1,923,597.460 1.00 (1,923,597.46) Quantity 325.190 Per Unit Amount 1.00 Market Cost (325.19) Account Page 9 of 11 Page 10 of 18 EFTA01558932 FINANCIAL TRUST COMPANY, INC. ACCT. For the Period 7/1/09 to 7/31/09 In Case of Errors or Questions About Your Electronic Transfers. Contact your J.P. Morgan Team at one of the telephone numbers on the front of th is statement or write us at 500 Stanton Christiana Road, 1/OPS, Newark,DE19713-2 107 as soon as you can, if you think your statement is wrong or if you need more information about a transferon the statement. We must hearfrom you no laterthan 60 days afterwe sent you the FIRSTstatement on which the erroror problem appeared. (1) Tellus yourna me and account number. (2) Describe the erroror the transferyou are unsure about , and explain as clearlyas you can why you believeit is in erroror why you needmore information. (3) tell us the dollaramount of the suspected error. Ifyou contact us orally, yo u must send us yourcomplaint or question in writing within 10 business days in o rderto preserveyourrights. We will investigateyour complaint and will correct any errorpromptly. Ifwe take mor e than 10 business days to do this (20 days for purchases using your debit card or for internationaltransactions),we will credit youraccount for the amount you think is in error, so that you will havethe use ofmoneyduring the time it takes us to complete our investigation. In case of errors or questions about your statement, including your line of cred it. Ifyou think that your statement is incorrect or if you need more information abo ut a transaction on your statement including a line of credit transaction, you m ust write to us on a separatesheet describing the errorand send it to: J.P. Morg an's Private Bank, 500 Stanton ChristianaRoad, 1/OPS3, Newark,DE19713-2107. We must hearfrom you no laterthan 6 0 days afterthe statement on which the erroror problem appearedis sent. You can contact yourclient servicespecialistbut doing so will not preserveyour rights. Pleasereviewyouraccount statement and promptly report anyinaccuracyor discrepanc yincluding possible unauthorizedtrading activity, unrecordeddividendpayments, an d unaccountedcash positions in writing. Any oral communication should be re-conf irmedin writing to furtherprotect yourrights, including yourrights underthe Securities InvestorProt ection Act (SIPA). Ifyou haveanyquestions pleasecontact yourJPMSI Account Repres entativeor JPMSI ComplianceDepartmentat . In your letter, please provide the following information: (1) your name and acco unt number; (2) the dollaramount of the suspected error; and (3) a description o f the errorand explanation, if you can, why you believethere is an error. Ifyou need more information, you must describe the item you are unsure about. Important Information about Pricing and Valuations Certain assets including but not limited to, pooled private investments, non-pub licly traded and infrequently traded securities, derivatives, partnership intere sts and tangible assets are generally illiquid, the value of which may have been providedto us by third parties who maynot be independent of the issueror manager. Such information is reflectedas o fthe last date providedto us, and is not independently verified. Prices, some ofwhich are providedby pricing servicesor othersources which we dee m reliable,are not guaranteedfor accuracyor as realizablevalues. Market value information (including without limitation, prices, exchange rates, accrued income and bond ratings) furnished herein has been obtained from sources that the Bank believesto be reliableand is furnished for the exclusiveuse of th e client. The Bank makes no representation,warrantyor guarantee,expressor implied, that anyquoted valuerepre sentsthe actual terms at which transactions or securities could be bought or sol d or new transactions could be enteredinto, or the actual terms on which existin g transactions or securities could be liquidated. The current price is the valueofthe financialasset share, unit or contract as pr iced at the close of the marketon the last dayofthe statement periodor the last availableprice. All valuesprovidedfor structured yielddeposits (forexample,JPMorgan London Time EFTA01558933 Deposits) reflectthe originaldeposit amount only. The current valuefor RealEstate, Minerallnterestsand MiscellaneousAssets maynot reflectthe most current valueof the asset. Valuations of over-the-counterderivativetransactions, including certain derivati ves-relateddeposit products, have been preparedon a mid-market basis. These valu ations are indicative values as of the close of business of the date of this sta tement and, except as otherwise agreedin writing, these valuationsdo not representthe actual terms at which tran sactions or securities could be bought or sold or new transactions could be ente redinto, or the actual terms on which existing transactions or securities could be liquidatedas of the date of this statement. We do not warrant their completeness or accuracy. These valuationsare derivedfrom proprietarymodels basedupon well-recognizedfinancialprinciples and we have, when necessaryto calculate the present valueof future cash flows, made reasonable estimates about relevantfuture market conditions. Valuationsbased on other models or diffe rentassumptions may yield differentresults. J.P. Morgan expresslydisclaims any r esponsibilityfor (1) the accuracyof the models or estimates used in deriving the valuations, (2) any errors or omissions in computing or disseminating the valuations, and (3)anyuses to which the valuationsare put. Valuations are providedfor information purposes only and are intendedsolelyfor yourown use. Pleasereferto the trade confirmation for deta ils ofeach transaction. At yourrequest, assets maybe reflectedhereineven though they are held by a third party unaffiliatedwith J.P. Morgan. In such case, unless J.P. Morgan otherwise agrees, J.P. Morgan has no responsibilityfor the verification,valuation, safekee pingor managementof those assets. Pleasereviewyourstatement promptly and report anydiscrepanciesimmediatelyto an a ccount officerwhose name appearson the contact page of this statement. Account Page 10 of 11 Page 11 of 18 EFTA01558934 FINANCIAL TRUST COMPANY, INC. ACCT. For the Period 7/1/09 to 7/31/09 The JPMorgan Funds or The JPMorgan Institutional Funds or The American Century F unds Shares of the funds are not bank deposits and are not guaranteedby any bank, gov ernmententity, or the FDIC. Return and share price will fluctuate and redemption valuemay be more or less than original cost. While the money marketfunds seekto maintain a stable net asset valueof$1.00 pershare, there is no assurancethat they will continue to do so. The estimatedannualincome and dividendyieldfigures for mutual funds represen tthe funds' most recentincome dividendannualized. The distributor of the JPMorgan Funds is JPMorgan Distribution Services, Inc., w hich is an affiliate of JPMorgan Chase Bank, N.A. JPMorgan Chase Bank, N.A. and its affiliates receive compensation from JPMorgan Funds for providing services. American Century InvestmentServices, Inc. is the distributor of the AmericanCenturyFunds. America nCenturylnvestmentManagementlnc. servesas investment advisorto its respectivefun d familyand receivescompensation from that fund familyfor providing investment a dvisoryand other services. Important Information RegardingAuction Rate Securities (ARS). ARS are debt or pr eferredsecurities with an interest or dividend rate reset periodicallyin an auct ion. Although there may be daily, weeklyand monthly resets, there is no guarante ethat there will be liquidity. If there are not enough bids at an auction to redeemthe securities availablefor sal e, the result maybe a failedauction. In a failedauction, there is no assuranceth at a secondarymarket will developor that the security will trade at paror anyoth er price reflectedon statements. Accordingly, investors should not relyon pricing information appearingin theirst atements with respect to ARS. You must promptly adviseJPMSI ofmaterialchanges in yourinvestment objectivesor f inancialsituation. Unless you inform JPMSI otherwise, JPMSI will considerthe inf ormation currentlyin its files to be complete and accurate. You should have receivedseparateJPMSI confirmations for each securities transact ion. All transactions are subject to the terms and conditions stated on the reve rseside of such confirmations and are subject to the constitution, by-laws, cust oms and interpretationsof the marketplacewhere executedand governedby and construed in accordance with the law s of the State of New Yorkand all applicablefederallaws and regulations. Further information with respect to commissions and other charges relatedto the executio n of transactions, including options transactions, has been included in confirmations that were pre viouslyfurnishedto you. Upon written request, JPMSI will promptly supply you wit h the latest such information. Shareholdersof certain JPMorgan Funds are chargeda redemption fee equalto 2% of the proceeds if they exchangeor redeemshares of such funds within 60 days of pur chase, subject to certain exceptions set forth in the prospectus of the applicab leFund. Please consult yourJ.P. Morgan representativefora list of the JPMorgan Funds that impose redemp tion fees. J.P. Morgan Securities Inc., JPMorgan Chase Bank, N.A. or their affiliates (the "J.P. Morgan Companies")may provide administrative, custodial, sales, distributi on or shareholderservices to JPMorgan Funds, American Century Funds, or funds es tablished, sponsored, advised, or managedby third parties, and the J.P. Morgan Companiesmaybe compensa tedfor such services. Bank products and services are offered through JPMorgan Chase Bank, N.A. and its affiliates. Securities are offered by J.P. Morgan Securities Inc. Account Page 11 of 11 Page 12 of 18 EFTA01558935 THIS PAGE INTENTIONALLY LEFT BLANK EFTA01558936 J.P. Morgan Securities Inc. FINANCIAL TRUST COMPANY, INC. 270 Park Avenue, New York, NY 10017 ACCT. For the Period 7/1/09 to 7/31/09 Margin Account J.P. Morgan Private Bank Team Mary Casey Janet Young William Doherty III Online access Banker Client Service Team Client Service Team www.MorganOnline.com Table of Contents Account Summary Holdings Cash and Short Term Portfolio Activity 3 4 Page 2 Account Page 1 of 6 Page 13 of 18 EFTA01558937 FINANCIAL TRUST COMPANY, INC. Account Summary MARGIN Cash Asset Allocation Cash & Short Term Market Value Market Value 0.00 $0.00 Long Market Value 33.49 $33.49 Short Market Value 0.00 $0.00 Total 33.49 $33.49 Estimated Current Market Value Annual Income Allocation 100% 100% ACCT. For the Period 7/1/09 to 7/31/09 Account Page 2 of 6 Page 14 of 18 EFTA01558938 FINANCIAL TRUST COMPANY, INC. Cash & Short Term Summary Beginning Asset Categories Cash Market Value 33.49 ACCT. For the Period 7/1/09 to 7/31/09 Ending Market Value 33.49 Change In Value 0.00 Current Allocation 100% Cash & Short Term Detail Quantity Cash US DOLLAR SUB-ACCOUNT: MGN 33.49 1.00 33.49 Price Market Value Tax Cost Adjusted Original Estimated Unrealized Gain/Loss Annual Income Accrued Interest Yield Account Page 3 of 6 Page 15 of 18 EFTA01558939 FINANCIAL TRUST COMPANY, INC. Portfolio Activity Summary - U S DOLLAR Current Transactions Ending Cash Balance Portfolio Activity Detail - U S DOLLAR Beginning Cash Balance Period Value 33.49 $33.49 ACCT. For the Period 7/1/09 to 7/31/09 Year-To-Date Value --No Activity This Period Account Page 4 of 6 Page 16 of 18 EFTA01558940 FINANCIAL TRUST COMPANY, INC. ACCT. For the Period 7/1/09 to 7/31/09 All positions in this Margin Account Portfolio are held in custody at J.P. Morga n Securities Inc. ("JPMSI"). Member SIPC. IMPORTANT INFORMATION ABOUT YOUR STATEMENT Contact your client service specialist if you think your statement is incorrect or you require additional information about a transaction on your statement. Important Information RegardingAuction Rate Securities (ARS). ARS are debt or pr eferredsecurities with an interest or dividend rate reset periodicallyin an auct ion. Although there may be daily, weeklyand monthly resets, there is no guarante ethat there will be liquidity. If there are not enough bids at an auction to redeemthe securities availablefor sal e, the result maybe a failedauction. In a failedauction, there is no assuranceth at a secondarymarket will developor that the security will trade at paror anyoth er price reflectedon statements. Accordingly, investors should not relyon pricing information appearingin theirst atements with respect to ARS. JPMSI is a memberof the Securities InvestorProtection Corporation ("SIPC"),a not -for-profit membership corporation funded by broker-dealers registeredwith the S ecurities and ExchangeCommission. Securities and cash held for a customer at JPM SI are protected by SIPC up to $500,000 per customer, which includes up to $100,000 of protection fo r cash. SIPC does not protect against losses from fluctuations in the value of t he securities. Assets held in custody by JPMorgan Chase Bank, N.A. (the "Bank")a re not subject to SIPC. Youmay obtain information about SIPC, including the SIPCBrochure, on theirwebsit e, at "www.sipc.org" or by contacting them at (202)371-8300. To the extent applicable,pleasereadthe following disclosures regardingestimated annualincome (EAI)and estimated yield (EY):EAland EYfor certain types of securit ies could include a return of principalor capital gains in which case the EAIand EYwould be overstated. EAI and EYare estimates and the actual income and yieldmight be loweror higherthan t he estimatedamounts. EYreflects only the income generatedby an investment. It do es not reflectchanges in its price, which mayfluctuate. J.P. Morgan Securities Inc., JPMorgan Chase Bank, N.A. or their affiliates (the "J.P. Morgan Companies")may provide administrative, custodial, sales, distributi on or shareholderservices to JPMorgan Funds, American Century Funds, or funds es tablished, sponsored, advised, or managedby third parties, and the J.P. Morgan Companiesmaybe compensa tedfor such services. Account Page 5 of 6 Page 17 of 18 EFTA01558941 FINANCIAL TRUST COMPANY, INC. ACCT. For the Period 7/1/09 to 7/31/09 IMPORTANT INFORMATION ABOUT YOUR JPMSI MARGIN ACCOUNT Please review your account statement and promptly report any inaccuracy or discr epancy including possible unauthorized trading activity, unrecorded dividend pay ments, and unaccounted cash positions in writing. Any oral communication should be re-confirmed in writing to further protect your rights, including your rights under the Securities Investor Protection Act (SIPA). If yo u have any questions, please contact your JPMSI Account Representative or JPMSI Compliance Department at Please keep the following in mind when using this ▪ statement to track your JPMSI brokerageactivity: This statement combines your generalmargin account with the s pecial memorandum account requiredby Section 220.6 Regulation T. As requiredby R egulation T, a permanentrecordofyourseparateaccount is availableupon yourrequest. Important Information about Pricing and Valuations. Certain assets including but not limited to, pooled private investments, non-pub licly traded and infrequently traded securities, derivatives, partnership intere sts and tangible assets are generally illiquid, the value of which may have been providedto us by third parties who maynot be independent of the issueror manager. Such information is reflectedas o fthe last date providedto us, and is not independently verified. Prices, some of which are provided by pricing services or other sources which we deem reliable, are not guaranteed for accuracy or as realizable values Free credit balances in your account are not segregatedand may be used in the op eration of JPMSIs business, subject to the limitations of SECRule 15c3-3. Unless otherwise instructed, JPMSI or its agents and depositories will hold your secur ities. Upon your demand, JPMSI will payto you the amount ofyourfree credit balance,and will deliverto you fully-paidsecurities held on yourbehalf. Interestwill be chargedon anydebit balance; the method ofcalculating interest is describedin a lettersent to all margin customers. You should have receivedseparateJPMSI confirmations for each securities transact ion. All transactions are subject to the terms and conditions stated on the reve rseside of such confirmations and are subject to the constitution, by-laws, cust oms and interpretationsof the marketplacewhere executedand governedby and construed in accordance with the law s of the State of New Yorkand all applicablefederallaws and regulations. Further information with respect to commissions and other charges relatedto the executio n of transactions, including options transactions, has been included in confirmations that were pre viouslyfurnishedto you. Upon written request, JPMSI will promptly supply you wit h the latest such information. Ifa partialcall is made with respect to an issue of securities included in yourM argin Account we will allocatethe call by a method we deem fairand equitable. You must promptly adviseJPMSI ofmaterialchanges in yourinvestment objectivesor f inancialsituation. Unless you inform JPMSI otherwise, JPMSI will considerthe inf ormation currentlyin its files to be complete and accurate. JPMSI is not a bank and is a separate legal entity from its bank or thrift affil iates, including JPMorgan Chase Bank, N.A.. The securities sold, offered or reco mmended by JPMSI: (1) Are not insured by the Federal Deposit Insurance Corporation, or any other g overnmental agency; (2) Are not deposits or other obligations of JPMSI's bank or thrift affiliates unless otherwise indicated), and are not guaranteed by or the responsibility of any such affiliates(unless explicitly stated otherwise); and (3) Involve investment risks, including possible loss of the principal invested. JPMSI's banking affiliatesmay be lenders to issuers of securities that JPMSI and erwrites, in which case proceeds of offerings underwritten by JPMSI may be used for the repaymentof such loans, and you should referto the disclosure documents relating to particular securities for discussion of any such lending relationships. The FederalReserver equires that JPMSI obtain your consent before it can obtain certain information EFTA01558942 from its bank or thrift affiliates, including their credit evaluationof you. We will assume that your continuing to transact business with JPMSI will constitute yourconsent to the sharing ofsuch i nformation by JPMSI and its bankor thrift affiliates,to the extent permitted by law. Bank products and services are offered through JPMorgan Chase Bank, N.A. and its affiliates. Securities are offered by J.P. Morgan Securities Inc. Account Page 6 of 6 Page 18 of 18 EFTA01558943