Contents
DWïý1Rïýëíðéëìý a
Ëííð&KDQQHOý3URJUDPPDEOH +RPHý6FDQQHU
2156ý0$18$
20-421A.fm Page 1 Thursday, April 29, 1999 431 PM
PRYHýVHOHFWHGýIUHTXHQFLHVýWRýFKDQQHO VWRUDJHýODWHUï
$7856ý
RXUý VFDQQHUý LQFOXGHVý WKHVHý Vshfldo IHDWXUHVã
20-421A.fm Page 2 Thursday, April 29, 1999 431 PM
20-421A.fm Page 3 Thursday, April 29, 1999 431 PM
Ý127,&ý
$11,1*ý/*$
Hý HQFRXUDJHý UHVSRQVLEOHñý Ohjdo VFDQQHUýXVHï
20-421A.fm Page 5 Thursday, April 29, 1999 431 PM
217176ý
20-421A.fm Page 6 Thursday, April 29, 1999 431 PM
20-421A.fm Page 7 Thursday, April 29, 1999 431 PM
8VLQJý$&ý3RZHU
353$5$7,21ý
325ý6285&6ý
8VLQJý&ý3RZHU
1RWHVã
211&7,1*ý$1ý $1711$ý
RQQHFWLQJýWKHý6XSSOLHGý
$QWHQQDý/HQJWK
KLJKýDVýSRVVLEOHï
RQQHFWLQJýDQý2XWGRRUý
QHHGVï
WKHýEHVWýSHUIRUPDQFHï
NH\ý DSSURSULDWHý WRý WKHý DFWLRQý Ehlqj SHUIRUPHGï
81567$1,1*ý285ý6&$115ý
$ý/22.ý$7ý7+ý &21752/6ý
20-421A.fm Page 11 Thursday, April 29, 1999 431 PM
175ý ¥ý HQWHUVý Dý IUHTXHQF\ý LQWRý D FKDQQHOïý
$ý/22.ý$7ý7+ý ,63/$ý
0ý õ3URJUDPôý ¥ý SURJUDPVý IUHTXHQð FLHVýLQWRýFKDQQHOVï
Mý ¥ý DSSHDUVý ZKHQý \RXý OLVWHQý WRý WKH PRQLWRUýPHPRU\ï
¥ý DSSHDUVý GXULQJý Dý GLUHFWý IUHð TXHQF\ýVHDUFKï
20-421A.fm Page 13 Thursday, April 29, 1999 431 PM
6HUYLFHý%DQNV
81567$1,1*ý %$1.6ý
KDQQHOý6WRUDJHý%DQNV
Õ0+ô ÕN+ô Ìíåïííí¤ìêçïäåæè Ìëïè
LUHî3ROLFH
20-421A.fm Page 15 Thursday, April 29, 1999 431 PM
6725,1*ý.121ý 5481&,6ý,172ý &+$11/6ý
235$7,21ý
7851,1*ý21ý7+ý 6&$115î677,1*ý 92/80ý$1ý648/&+ý
Ìï 7XUQý92/80ýDQGý648/&+ýIXOO\ FRXQWHUFORFNZLVHï
Ý$1ý6725,1*ý $&7,9ý5481&,6ý
6HDUFKLQJýWKHý6HUYLFHý%DQNV
20-421A.fm Page 17 Thursday, April 29, 1999 431 PM
021î&/ï
20-421A.fm Page 18 Thursday, April 29, 1999 431 PM
8VLQJýLUHFWý6HDUFK
20-421A.fm Page 19 Thursday, April 29, 1999 431 PM
0RYLQJýDýUHTXHQF\ýIURPýDý 0RQLWRUý0HPRU\ WRýDý&KDQQHO
86,1*ý7+ý021,725ý 0025
LVWHQLQJýWRýDý0RQLWRUý 0HPRU\ýUHTXHQF\
20-421A.fm Page 20 Thursday, April 29, 1999 431 PM
$11,1*ý7+ý6725ý &+$11/6
20-421A.fm Page 21 Thursday, April 29, 1999 431 PM
$5,1*ý$ý6725ý &+$11
7851,1*ý&+$11/ð 6725$*ý%$1.6ý2ý $1ý21ý
021,725,1*ý$ý6725ý &+$11
20-421A.fm Page 22 Thursday, April 29, 1999 431 PM
20-421A.fm Page 23 Thursday, April 29, 1999 431 PM
RFNLQJý2XWýUHTXHQFLHV
63&,$/ý$7856
Ý287ý &+$11/6ý$1ý 5481&,6ý
RFNLQJý2XWý&KDQQHOV
5HPRYLQJý$OOý/RFNRXWý7DJVý URPýUHTXHQFLHVý
86,1*ý7+ý/$ý 81&7,21ý
5HYLHZLQJý/RFNHGð2XWý
RXýFDQýSURJUDPýDýWZRðVHFRQGýGHOD\ LQýDQ\ýRIýWKHVHýZD\Vã
671,1*ý72ý7+ý $7+5ý%$1.ý
7851,1*ý7+ý.ý721ý 21ý$1ý2ý
Êï 5HOHDVHýëýDQGý175ï
7RýUHVXPHýVFDQQLQJñýKROGýGRZQý ýRU ýXQWLOýSCANýDSSHDUVï
$7,21$/ý$7+5ý5481&,6
$ý*15$/ý*8,ý72ý6&$11,1*ý
+$0ý5$,2ý5481&,6ý
Ó1RWýSUHSURJUDPPHGýLQýWKLVýVFDQQHUï
7KHýELUGLHýIUHTXHQFLHVýRQýWKLVýVFDQQHUýWRýZDWFKýIRUýDUHã
Ý5481&,6ý
81,7ý67$76ý%52$&$67ý%$1ý
ELUGLHVýLQý\RXUýVFDQQHUýIRUýIXWXUHýUHIHUHQFHï
3ULPDU\ý8VDJH
Ý72ý7+ý$&7,21ý%$16ý
\SLFDOý%DQGý8VDJH
Éæíïíí¤èìëïííý0+
$1ý$//2&$7,21ý
20-421A.fm Page 30 Thursday, April 29, 1999 431 PM
ËýPý$PDWHXUý%DQGýõìéé¤ìéåý0+ô
ÇýPý$PDWHXUý%DQGýõèí¤èéý0+ô
8ï6ïý*RYHUQPHQWý%DQGýõìêå¤ìééý0+ô
20-421A.fm Page 31 Thursday, April 29, 1999 431 PM
+ý+LJKý%DQGýõìéå¤ìæéý0+ô
20-421A.fm Page 32 Thursday, April 29, 1999 431 PM
ÆíýFPý$PDWHXUý%DQGýõéëí¤éèíý0+ô
75$ý+,*+ý5481&ýõ8+ô¥õêííý0+¤êý*+ô
8ïý6ïý*RYHUQPHQWý%DQGýõéíç¤éèíý0+ô
RZý%DQGýõéèí¤éæíý0+ô
RXEOHýWKHýLQWHUPHGLDWHýIUHTXHQF\ýRIýìíïæý0+ýõëìïéííô
$92,,1*ý,0$*ý5481&,6ý
5481&ý&21956,21ý
20-421A.fm Page 34 Thursday, April 29, 1999 431 PM
7528%/6+227,1*ý
5DGLR6KDFNýVWRUHýIRUýDVVLVWDQFHï
5677,1*î ,1,7,$/,=,1*ý7+ý 6&$115
5HVHWWLQJýWKHý6FDQQHU
QLWLDOLLQJýWKHý6FDQQHU
Ìï 7XUQý RIIý WKHý VFDQQHUñý WKHQý WXUQý LW RQýDJDLQï
$5ý$1ý0$,171$1&ý
20-421A.fm Page 37 Thursday, April 29, 1999 431 PM
63&,,&$7,216ý
20-421A.fm Page 38 Thursday, April 29, 1999 431 PM
FKDQJHýDQGýLPSURYHPHQWýZLWKRXWýQRWLFHï
20-421A.fm Page 39 Thursday, April 29, 1999 431 PM
+ðääíìðì Íé$ää 3ULQWHGýLQý+RQJý.RQJ
LPLWHGý1LQHW\ðD\ýDUUDQW\
Hý6HUYLFHýKDWýHý6HOOíéîää
20-421A.fm Page 40 Thursday, April 29, 1999 431 PM