ESM Government Securities STATEMENT OF INCOME (In Thousands) Security Income Other Income Interest Income Total Income Bond Process Exp Officer Salaries Other Salaries Salesmen Commission Other Expenses Interest Expense Total Expenses Net Income 12/31/81 12/31/82 12/31/83 (unaudited) (unaudited) (unaudited) $ 64,857 $ 27,415 $ 6,080 $ 12,882 (29,550) 29,040 28,112 15,543 128,250 132,939 175,262 346.223 163,557 189,394 209,454 374,648 9,711 1,806 500 580 1,141 132.939 146,677 6,621 801 407 439 980 128,250 137.498 $ 26,059 $ 42.717 12/31/84 (unaudited) 9,153 2,846 714 477 7,706 166,203 187,099 $ 22,355 6,098 3,106 278 1,026 1,396 346.223 358.127 $ 16,521 ESM Government Securities BALANCE SHEET (In Thousands) ASSETS Cash Deposits with Clearing Org's Rec from Brokers Rec from Customers Securities Purch-Resell Agreement Accrued Interest Securities Purch-At Market Due From Parent Other TOTAL ASSETS LIABILITIES & EQUITY S/T Bank Loans Payable to Brokers Payable to Customers Securities Sold-Resell Agreement Accrued Expenses A/P to Parent & Affiliates TOTAL LIABILITIES 12/31/81 (audited) $ 1,767 $ 1,046 $ 25 25 60 40,523 1,323,340 433 161,484 0 0 $1,527.632 57,282 478 4,047 1,323,340 796 _127,604 1,513,547 Common Stock Add'l Contrib Capital Retained Earnings TOTAL LIABILITIES & EQUITY $1,527,632 12/31/82 12/31/83 12/31/84 (audited) (audited) (audited) 1 4,160 9,924 1,084 21,073 738,924 1,257 182,674 0 0 80,350 3,624 1,426 738,924 339 $ 25 596 95,861 920,781 2,192 16,163 2,252,555 7,375 402,004 0 0 $946,083 $2,680,653 $3.052,325 91,832 4,815 3,683 2,457,555 927 92,183 2,650,995 1 4,160 21,141 $946,083 $2.680.653 1 4,160 25,497 421 182 3,643 73,050 2,945,953 406 26,059 2,550 61 47,258 12,266 9,304 2,945,953 799 0 3,015,580 1 4,160 32,584 $3.052.325