Salomon Swapco Inc
Statement of Financial Condition
(Unaudited)
Dollars in thousands
June 30, 1997
December 31, 1996
Assets:
Cash
$ 4,587
$ 266
Securities purchased under agreements to resell
400,000
365,081
Investment securities
79,133
130,463
Customer derivative receivables
752,088
736,058
SBHC derivative receivables
109,201
126,400
Prepaid expenses and other assets
15,706
16,661
Receivable from affiliates
17,709
492
Total assets
$1,378,424
$1,375,421
Liabilities and stockholder's equity:
Customer derivative payables
$1,046,978
$1,046,696
Deferred revenue
209,618
187,984
Payable to affiliates
301
503
Accrued expenses
683
791
1,914
2,076
Total liabilities
1,259,494
1,238,050
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
27,000
62,000
Retained earnings
91,930
75,371
Total stockholder's equity
118,930
137,371
Total liabilities and stockholder's equity
$1,378,424
$1,375,421
The accompanying Summary of Accounting Policies and Notes to Financial Statements are integral parts of this statement.
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