Salomon Swapco Inc
Statement of Financial Condition
(Unaudited)
Dollars in thousands
June 30, 1996 December
31,
1995
Assets:
Cash
$ 10
$ 82
Securities purchased under agreements to resell
190,863
155,338
Investment securities
192,117
199,191
Customer derivative receivables
646,107
1,323,388
SBHC derivative receivables
62,446
Prepaid expenses and other assets
19,332
22,372
Receivable from affiliates
6,123
899
Total assets
$1,116,998
$1,701,270
Liabilities and stockholder's equity:
Customer derivative payables
$ 772,345
$ 772,688
SBHC derivative payables
125,581
Deferred revenue
154,113
129,505
Payable to affiliates
701
679
Accrued expenses
492
2,290
2,462
4,208
Total liabilities
930,113
1,034,951
Stockholder's equity:
Preferred stock, $.01 par value, 500 shares
authorized, no shares issued or outstanding
Common stock, $.01 par value, 1 million shares
authorized, 1 share issued and outstanding
0
0
Additional paid-in-capital
122,000
622,000
Retained earnings
64,885
44,319
Total stockholder's equity
186,885
666,319
Total liabilities and stockholder's equity
$1,116,998
$1,701,270
The accompanying Summary of Accounting Policies and Notes to Financial Statements are integral parts of this
statement.
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