HomeMy WebLinkAbout1989 - 1990
F
DENTON COUNTY ROUSING FINANCE CORPORATION -(r
NN C FAMILY MORTGAGE REVENUE BONDS
S1
SERIES 1980, DATED NOVEMBER 01, 1980 r
Bonds- outstandtng as 01061_ u 990 l
. v)% $14,495,000.00
121g1l20i3 > s Investment Agreement with Citibank, N. A.
As of June 01, 1990 all reserve funds are intact and invested pe
dat,~+d December 01, 1980.
Nlslor of Yendered Bonds
Tendered` ~u1 i
CaaII H1s-!0rv Date $30,000.00
Amo901 .ol CAIt 1210i11985 $165,000.00
Dr $245,000.00 1210111987 $905,000.00
0610111982 $265,000.00 i2101f1988 $350,000,00 I
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06l011i983 $45,000.00 1210111969
1710111963 $130,000.00
0610111984 $290,000.00
j 12!011'1984 $7151000.00
12101!1986 $265,000,00 DeQUe, i1 ati. gs of 061
061011966 $1,110,000.00 12 Loans $587,218.81
1210i119bS $2 120000.00 30 Days 3 Loans $136,700,19
06!0111967 $1,260,000.00 60 Days 5 Loans $260,,19 .46
1 2101 11 9 67 $555,000.00 90 DaVs i2 Loans $608,192,72
0610111988 $240,000.00 In Foreclosure
1210111988 $535,000.00
06101 f 1989 $295,000.00
1210111989 $100000.00 11.351/0
061016990 -yor,oaaf a Rate-
e Balance as of 06 01 1990
Outs, ta~din ►Ilort a $11 437,633.06
243 Loans
E Ciatmson Pool C~ams as of06f0if1990
X32,096.00
NCNB TEXAS NATIONAL BANK
Trustee
We are providing this In response to numerous requests for the release
r your Inforrtthaif We ygi,t make it available to all bendholders, w!lhout prlorlry
This of is this fodata, in order t
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NOTICE OF CALL FOR
REDEMPTION OF BONDS
January 1, 1991
DE:NTON COUNTY HOUSING FINANCE CORPORATION
SINGLE FAMILY MORTGAGE REVENUE BONDS
SERIES 1984, DATED JULY 159 1984
Pursuant to the terms of Section 3.01 of the Trust Indenture by and between the Denton
County Housing Finance Corporation and NCNB 'T'exas National Bank, Successor to First ti
RepublicBank Fort Worth, N.A. (formerly InterFirst Bank Fort Worth, N.A.), notice is
hereby given that $374,889.00 principal amount of fully registered bonds shall be called
for redemption on January 1, 1991, at par plus accrued interest to said date on Current
Interest Paying Bonds and at the compounded amount on Compound Interest Bonds.
In accordance with the provisions of the Indenture, the Trustee has selected by lot
the following numbered bonds and amount from each bond called for redemption:
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CURRENT INTEREST PAYING BONDS
M
Maturity Interest Bond Amount Maturity Interest Bond Amount ~
' Date -Rate Number Called DRte Rate Number Called
CUSIP NUMBER 248796 BQ 6 CUSIP NUMBER 248796 CB 8
7/1/1991 9.50% R 2037 $ 50000 1/1/1997 10.75% R 2059 $ 51000
I CUSIP NUMBER 248796 BR 4 CUSIP NUMBER 248796 CD 4
1/1/1992 9.75% RIIR 303 5,000 1/1/1998 10.90% R 1883 5,000
CUSIP NUMBER 248796 BS 2 CUSIP NUMBER 248796 CF 9
7/1/1992 9.75% RBS1134 5,000 1/1/1999 11.00% R 1986 5,000 1
F CUSIP NUMBER 248796 BT 0 R 2030 61000
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1/1/1993 10.00% R 2062 5,000 CUSIP NUMBER 248796 CN 2
CUSIP NUMBER 248796 BU 7 1/1/2011 11.75% DR 256 5, 000
7/1/1993 10.00% It 2057 5,000 DR 643 50000
CUSIP NUMBER 248796 BV 5 DR 724 51000
1/1/1994 10.20% R 1995 51000 DR 765 50000
CUSIP NUMBER 248798 BW 3 DR 893 5, 000
7/1/1994 10.20% It 2043 5,000 DR 904 220,000
CUSIP NUMBER 248796 BX 1 DR 905 5,000
1/1/1995 10.40% It 2010 5,000 DR 907 51000
CUSIP NUMBER 248796 B7 6
1/1/1996 10.60% R 1671 5,000
COMPOUND INTEREST BONDS
Total Total
Maturity Bond Value Compounded Maturity Bond Value Compounded
f' Date Number Called Amount Date Number Called Amount
CUSIP NUMBER 248796 BY 9 CUSIP NUMBER 248796 CH 5
7/1/1995 R 1701 $ 51000 $ 3,121.25 7/1/2000 RCH509 $ 5,000 $ 11751.85
R 1760 51000 31121.25 R 1788 51000 1,751.85
CUSIP NUMBER 248796 CA 0 CUSIP NUMBER 248796 CJ 1
7/t/1996 11 1577 6,000 21774.50 7/1/2001 R 1437 50000 1,553.25
I 1622 59000 2,774.50 R 1788 50000 1,553.25
CUSIP N~, 'TIER 248796 CC 6 CUSIP NUMBER 248796 CK 8
7/1/1997 1. 1,509 51000 2,469.90 7/l/2002 R 1374 5,000 11374.55
RCJ1737 5,000 2,469.90 R 1489 5,000 11374.55
CUSIP NUMBER 248796 CE 2 CUSIP NUMBER 248796 CL 6
7/1/1998 R 1611 5,000 29208.00 7/1/2003 R 1751 51000 11214.15
RCJ1721 51000 2,208.00 R 1783 51000 11214.15
CUSIP NUMBER 248796 CO 7 CUSIP NUMBER 248796 CM 4
7/1/1999 RCJ1718 59000 11972.15 7/1/2004 R 1754 5,000 10070.45
R 1787 50000 19972.15 R 1756 51000 19070.46
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COMPOUND INTEREST BONDS
Total Total
Rlaturity Bond value Compounded Alalurity Bond Value Compounded
Date Number Called -Amount Date - Number Called _ Amount
CUSIP NUMBER 248796 CP 7 CUSIP NUMBER 248796 CP 7
1/1/2016 OR 2008 $ 5,000 $ 255.95 1/1/2016 CR2492 $15,000 $ 767.85
OR 2262 52000 255.95 011 2493 30,000 1,535.70
CR2363 :1,000 255.95 CR2494 5,000 2515.95
OR 2365 5,000 255.95 CH 2495 10,000 511.90
OR 2422 10,000 511.90 OR 2496 25,000 11279.75
CR2437 5,000 255.95 CR2497 15,000 767.85
OR 2444 10,000 511.90 CH 2498 105,000 5,374.95
OR 2456 5,000 255.95 CR2502 5,000 255.95
OR 2469 109000 511.60 OR 2509 5, 000 255.95
OR 2,173 59 000 255.95 CR 2511 109000 511.90
CR 2481 51000 255.95 CR 2512 5)000 255.95
OR 2488 5,000 255.95 CR2515 5,000 255.95
The manner of shipment of your bond(s) is at your discretion, however, we suggest
transmittal by insured or registered mail. In the case of any bonds which are registered
for tin amount in excess of the called amount, the balance of that amount will be re-issued
and returned along with a check for the called amount.
Said bonds should be presented for payment at the Corporate Trust Office of NCNB
Texas National Bank to either address listed below on January 1, 1991, after which date
no further interest shall accrue or be paid on said bondr.
Mail to: NCNB Texas National Bank
P.O. Box 830501
Dallas, Texas 75'1.83-0501
Deliver tot NCNB Texas National Bank
1025 Elm Street - 9th Floor
Dallas, Texas 75202-3112
Dated: Pocember 31 1990
NCNB TEXAS NATIONAL, BANK
J
Trustee
N0TICF.
Withhoiding of 20% of gross redemption proceeds of tiny payment made within the
United States may be required by the Interest and Dividend Tax Compliance Act of 1983
unless the Paying Agent has the correct taxpayer identification number (social security
Or employer Identification number) or exemption certificate of the Payee. Please furnish
a properly completed Dorm W-•9 or exemption certificate or equivalent when presenting
your securities.
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500 irsl City Center, 1700 Pucilic Avenue
F> x5rr ~'ac~/z~~~t a01,111nxY DoRas,lexas 15201
(214) 953-4000
UBLIC FINANCE
ISSUE PAPER
cfft! h
NO. 57
SEP TEMBER 1490
CONSIDF RA'1'iONS ASSOCIATED WITH CONVENTION CENTER FINANCINGS i
First Southwest Company works closely with an issuer during the initial stages of a convention
center financing to assist in identifying financing alternatives, reviewing assumptions related to
financings, and verifying than the feasibility report, as applicable, contains information that will be
necessary to market the bonds. The economics of the industry entail several unique constraints:
the. revenues and expenditures of the facility. National Coll,
fhe event mix will largely determine
ferences and regional meetings differ greatly in their requirements.
Rates and charges will be constrained because of the competitive nature of the convention and
event industry. Soule form of public subsidy is often required.
Nor1 operating revcnne, Suclr as hotel occupancy tax revalues (if available) can be volatite. Small
changes In assumptions can produce large changes in projected resUlts. Assumpl;ons and their
sensitivities should 1>e reviewed.
Bookings can occur several years in advance, so that new facilities can operate below capacity for
thalso c l ycarseo f opctattorr)cbt sctvicc should be low Ins cripacky. acid ntarkL g
scvcrarl years.
girt N'Jki s should lectlup" inlittle
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Convention and event kicilities can produce indirect benefits, such as aclditk'tal employment,
and indirect costs, such as adverse impacts on existing facilities. These impacts shoulel be tali,
mated to the extent possible.
These, constraints directly impact tile subsequent size and structuring of it bond issue:
Construction period interest, debt service reserve funds, and issuance costs, which are often capi<
talized, can Increase the size of a bond issue. On the other hand, Some Interest earnings call
decrease the . size of a bond issue,
ConstrucLion draws cats be compressed or extended, debt iSSUance can be delayed or staged,
principal el to t ensure lull. debt service requirementstarecicssathalntavailable revenues. or
Lon7potrnded Io et
If revettnc<supported debt rather than tax,supported debt is issued, investors commonly require
that the net revenues available for debt service be at Least equal to 1.25 to 1.50 tines the maxi,
milli annuel debt service: requireiuent. A rt.,erve fund equal 10 the average annual debt service
requircntcnt is also coat non.
J ANTONIO 78205
LONGVIEW 75604 S%,,
HOUSTON, 79002
820E SWEET
A~NB 1EXA BANK BOO AUSTIN, Y8701-4039 qB N W LOOT' 281, BOX ]I , 04 LAet COMMERC
22Z•1622
402 CYPPE54 5IPSE7 3100 N JACIN CENSEN 10WN LAKE 4B 100 LOUISIANA 'SIREET rII f SWE 107 suill!
107 NCr11E%A- 432 . 9e (51SAN11 J ACIN /76/IO712 BLVQ (il]r 226-0' 10 12141 22t-4et4
lm) eTxe72
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4F w-wvww- 4w-
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500 HIM CilyCenfar, 1700 Pacific Avenue I
221 LIST jr UM& C41- OQAt PANS` Dallas, Texas 75201
Investment Bankers (214) 955 -4000
'PUBLIC FINANCE
ISSUE PAPER
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SlEvn,N I ER 1990 NO. 58 j
BASICS OF PORTFOLIO MANAGEMENT: DURATION AND CONVL'xITY
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First Soildiwest Company is often asked to assist in developing investment policies and executing
j investments, Of course, state law proscribes authorized investments, policy pirlelines, and stun,
dards of core. Within this broad fra rework, issuers have some lnlitude in considering various
invcsuncut allcrnativcs.
Two concepts, duration mud convexity, can be used to evaluate the risk characteristics of a portfolio.
Duration and convexity can be instructive to the issuer, as well as to the investor,
f
Duration is the suet of the present values of each of the principal and interest payments of a seen,
rity, weighted by the Iituc to receipt of each payment, divided by Ilse loud of the present values of the
payments. Duration, unlike avorngc hfi: or average uramAty, considers the timing of bulb principal
and interest payments, For bonds that pay periodic interest, [lie duration is shorter than 11te maturr
Generally, bonds with longer duration entail more interest rate risk. 1111 else being equal, duration
is positively correlated with maturity dates and negatively correlated with coupon rates. Dunitioll call
he used to evaluate the interest rntc risk of bonds with seemingly dissimilar characteristics. Duration
can also be used to evaluate reinvestment risk and to match assets and liabilities. Option-ad)ustcd
dmallon can be used to separately measure the Interest rate risk of a bond and its call feature,
Convexity is the curvature of the price/yield relationship of n security. Noncallable. bonds exhibit
positive convexity, meaning hull the price of Ilse bolld increases more as yields fill than it decreases
as yields rise. Because the price/yield relationship is convex, rather than linear, most bonds exhibit
1t gain from convexity when yields change that is more than the duration alone would imply. For
bonds with equal durations, convexity is positively correlated with coupon title, and for bonds of
equal maturity dates, convexity is negatively correlated with coupon rates.
Fot advice or assistance in developing investment policies or executing iuvestzncnts, please call your
First Southwest Company rcpresenlative,
ADILEIte, 79061 AUSTIN, 76101-4039 HOUSTON, T7002 LONGVIEW, 76604 SAN ANTONIO, 78205
103 NCHD MAR DARK UP& . 370 SAP? JACINIO CENTER 70X I LM . 2500 REPUILICOANK CIENTFR . 911 N IN LOOP 21, BOX 11 . 154 EAST MINE Mg STREET
026
402 CiPRr J 14RM 66 SAN JACINTO SI O. 100 LOUISIANA STREET 3VIte
r6 I51 6. 132 (512) 416.4312 rn5f 2260760 (2u1 227.1724 15W 11224622
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500 First City Center, 1700 Flocilic Avenue
' T21T3:i'1 n30wo e-4t OomnI M1Y Oallos, texas 75201 {
Investment Hankers (114) 955-4000
PUBLIC FINANCE
ISSUE PAPER
AUGUST 1990 NO. 56
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ISSUI:It CONSIDERATIONS ABOUT INVESTOR RHI.ATIONS
First Southwest Cotltpony is routinely involved in nssisting issuers in disclosing n 11101tal financial r
information to investors and other market participants. `file official statement is the principle
disclosure docunlenr. Disclosure is nlso effected through oral or written couununtcatiwls With bond
insurance companies, bond rating agencies, investors, and ttndervriters.
In the corporate market, ninny companies have developed formal "investor relations" programs,
often supported by full-time staffs. The investor relations staff will conduct presentations, maintain
mailing lists, prepare releases, and respond to questions from analysts and investors. Of course,
investors in corporate securities have different concerns than investors in municipal securities,
indttding questions about business plans, competitive strategy, earnings outlook, dividend policy,
inienlational exposure, proxy issues, atnd tax considerations.
Recently, private comp allies have begun offering investor relations services to municipal isFLi-rs, L I
addition, some issuers have begun producing supplemental mailtrlgs Of C0111111LIllity tlclwsletlers and
other publications oriented toward analysts and investors. Other issuers have distributed surveys
with the final official statements to evaluate the information tweds of investors,
This emphasis o11 investor relations parallels the emphasis on disclosure, which has been chalnpi•
oned by Ilse Government, Finance Officers Association (GFOA) and the National Federation of
Municipal Analysts (NFMA), among others. I lowever, some market participants dispute kite notion
dint "More is better" in the- area of disclosure, citing concerns of selective disclosure, frontnuuling,
and insider trading.
Selective disclosure occurs when material nonpublic information is disclosed to soule., but not all,
investors or potential investors. Selective disclosure is a potential problem when information is
disclosed in a source other than the official statement or when information 1s disclosed on an ad-hoc
basis in response to questions from amllysts or investors. Some bond counsel have even questioned
whether there is a legal liability associnted with providing otherwise undisclosed information to a
rating agency when the disclosure results in a downgrade,
1 rontrunning occurs when an investor buys or sells securities while in possession of material
nonpublic information concerning pending securities tniusactions. Frolawlining is a potential
problem when market participoltts have special knowledge of upcoming hoed calls, defeasances, or
rcfttndings,
ABILENE, 79061 AUSTIN, 78701-4039 HOUSTON 77002 LONGVIEW, 76604 SAN ANTONIO, 78205
WIN W LOOP 291, BOX 31 • 194 EAST COYNSACE STREET
fOJ NCNB TEXAS SANK 111 . 310 SAN JACINTO CENTER f0'NN LAKE 2600 LOLR LICSANK CE N1E11 SUITE 400 Built 410
0-91 f3 ITS 9 S SAN JACINTH ULV O. 100 10IT NA MEET MW 29/-1991 (5121 212-9522
102 CYPRESS
10151972-91J2 2 Oil) 119-/312 MIT fig O190
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Insider trading occurs when material nonpublic irrfonuatioir is disclosed by an insider for the
purpose of personal benefit. An insider can be an issuer or a "temporary insider with a special
relationship to ,in issuer, such as an auditor, bond counsel, or financial advisor. I lie Insider Trad•
In and Securities Fraud Enforcement Act provides for civil damages of up to three times the profit
realized and (or criminal penalties of up to $1 million and ten years in prison,
In either of these situatlons, Improper dis _losares can aggravate, rather than alleviate, market dtte(ft•
ciencies. To avokl problems, issuers should exercise care in disclosing material nonpublic informs,
tion. For advice or assistance in responding to requests for information from analysts or investors,
please call your bond counsel or your First Soutlnvest Company representative.
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Market Research:-=-==--=-v
1 13 ti'1' ~ airdhzveJt c' A I I'll N Y ~
In•~h~ralr,~°r na~l<r:l+~
September 1, 1990 Vol, 4, No. 9
First Southwest Company, (is the leading TAX RFFORAI MODIFICATIONS AND
financial advisory f rm in Tei•as and one of the TECIINICAL C0RREC77ONS PROPOSED
leading financial advisoryfirms in the nation,
aftenpts to stay abreast of major developments In early August, two measures wcre tnlroduced
impacting our clients and their securities, in Congress to provide partial relief from the
Certainly the crisis in the thrift industry lrns• arbitrage rebate requirements, Rep. Beryl ;
far-reaching implications for state and local Anthony introduced modifications to the Tax
governments, particularly in the Southwest. Reform Act of 1986 which would increase the
i 1 bank-qualified exemption from $10 million to
The Resolution Trust Corporation (RTC) has $25 million, increase Ilse small issuer exemp-
assumed approximately $18 billion of fare- tion from $5 million to $25 million, make the
closed real estate in the last year. Analysts 24 motith construction exception retroactive,
estimate that the total value of the portfulio and reprove the arbitrage restrictions for issites
could eventually exceed $100 billion, subject to the rebate restrictions,
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+ We are enclosing air article from "The Dallas Shortly thereafter, Rep. Dan Rostenkowski
1 Mating News which chronicles the thrift introduced the Technical Corrections Act of ,
crisis in plain English. We hope that it is 1990, which would clarify the 24 month
helpful lit understanding hose the present construction exception, provide an election to
situation developed. terminate the 15% penalty for unspent pro-
cceds, and provide a penalty short of the loss
Thank you far reading 'Aland Market Re- of lax exemption. Treasury Department
search. " officials have also expressed concern with
existing regulations, particularly those that
encourage "yield-burning" or ardficinlly
M0N77ILYMARKET MONITOR: investing bond proceeds below the bond yield,
AUGUST Analysis are optimistic dial some form of
The niuulelpil market weakeiied following the Iracti rebate relief will be passed.
Invasion of Kuwait. The Bond Buyer's Index rose
from 7,08% on August 61h In 7A I % on Septemlkr
7th. Similarly, the Revenue Bond Index rose from
7.33% tot.68%. 'file s1011-Icrm matket, as measured
by the ISauker.%` nfst'I'ENR Index, rose from 5.25%
to 6.00%.
't'he yield etirve steepened slightly as file yleld spread
between one-year bonds mid 30-year Wrtds rose to
135 basis polnls. 'fie visible supply and vohmie
figures continue at low levels. In the govcnunent
ilia rket,yields oil the 30-yearTreasilrylxnld fell from
8.53 % to 8.95
ABILENE, 79061 AUSTIN, 78701-4039 HOUSTON, 77002 LONGVIEW, 75604 SAN ANTONIO, 78205
103 NCNB Tom BmM Bldg. 370 Stn 1"Inlo Cantor Town tail TOO N HO ont4r 911 NW Loo: 70~, Box 31 164 East Co I920e S1nN
402 CY9raia 51reN 96 Ern Jaolnlo Brrd. Suft#
{91516726432 15121476-372 111012260160 (214) 2971044 (5121222.6522
FREE ApV7C,'Ii ON LOCAL SALES TAX TRANSFER TAX TOUTED
EXEAf1'TIONS
Federal officials are considering fire imposition
Many cities have realized additional revenues of a securities transfer excise tax (S'I'In )
by eliminating an exemption from the I % local consisting of a,5% tax on the sale of securi-
sin ttd bonds. Tile
sales tax. Several years ago, many cities ties, including stocks
e.S F 1
Europ
repealed the local sales tax on residential which several
the adopted, might
electric and gas services. The exemption has all offset have
the e p trot sed as
grown to be a significant item, which, if giius
eliminated, can help to forestall onerous tax.
service cuts or tax increases.
Critics charge that the STLrr world discourage
raise markets, hamper (lie costs of
"GLOBAL GUARANTY" NAMES ALL- investment q r)thill US, e tr irk iit securities
AMERICAN ANALYSTS
issuing debt and equity securities. The esti-
"Global Guaranty", a publication which mated burden is such that, on an annual basis,
covers the credit enhancement industry, an- projected revenues of the STET would exceed
pounced the. 1990 All-American Municipal commission revenues for all NYSE firms
i Analysts'feam of the top analysts in the combined in most years. Further, the STET
I municipal bond industry. Analysts at Standard would impose a tax on many investors who
& Poor's Corporation received the most votes, cannot afford it, such as pension funds,
` followed by analysts at Fitch Investors Service,
f Inc., John Nuveen & Co., Merrill Lynch, and Public interest groups such as the Government +
Prudential Insurance Co. Finance Officers Association (GFOA), the
E Public Securities Association (PSA), and the
` Analysis out the "first team" from the bond Securities Industry Association (SIA) have 1
insurance companies and rating agencies expressed stiff opposition to the tax, i
include Claire Cohen and Alan Spen at Fitch
Investors Service, Inc., William deSante at
Moody's Investors Service, and Alice Tsang at
Municipal Bond Insurers Assurance Corp.
Toll-Frcc Numbers
Plcasefeel freetoasoourloll-freenuartx stocontact
us:
1-500.442-7161 (In Texas)
1.500-527-9053 (Oulslde Texas)
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DURATIONAND CONVIiXITY linear, rrlost bonds exhibit a gain front convex-
ity when yields change that is "lore tllaa tite
First Southwest Compal'y is ofien asked to duration alone would imply. For bonds will'
assist in developing investment policies and equal durations, convexity is positively co~re-
executing investments. Of course, state law lta drily dates, convexity" sf leg lively corlro-
proscribes authorized investments, Policy y A
guidelines,and standards of care. Will"" this Sled will, coupon rates,
broad framework, issuers have some latitude in
considering various investment alternatives, For advice or assistance in developing invest-
went policies or executing investments, please I
Two concepts, duration and convexity, can he call First Southwest Colupany represcata-
used to evaluate the risk characteristics of n
portfolio. Duration' and convexity call be
instructive to the issuer, as well as to 1'e ~
investor.
Duration is the suss" of the present values of
' each of the principal and interest payments of a
security, weighted by the time to receipt of
each payrnel"t. divided by the total of the
present values of tite payments. Duration,
unlike average life or average maturity, con-
siders the thning of both principsdic inters"
payments. For bonds that pay pc •ri"o
est, the duration is shorter than the maturity.
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Generally, bonds with longer duration entail ACCORDING TO
more interest rate risk. All else being equal, State Property Tax hoard 1,738 of the 2,333
duration is positively correlated with maturity cities, counties, school districts, and special
dates and negatively correlated with coupon districts surveyed will couriuuc to tax frceport
property after 1990,
rates, Duration can he used to evaluate tl'e
interest rate risk of bonds will" seemingly
dissimilar characteristics. Duration call a also be Tctxtal wells pr,du ced ncnrly 3,5 million barrelsrof
used to evnluate re'snvest nent risk an oil In file first four months of 1990n GBO
increase over the fiat four months of 1989.
rt111Ch USSe15 and ISAI)llIl1CS. Gplion•adjttsted
duration can be used to separately measure tite eve interest tale risk of a hood and its call feature, wTexas astewaler needs Iu To pit exas told oar $39 b;it illirnrtd
tell within the next 50 years. Flood Itrotcclinu needs
Convexity is the curvature of the parcel yNoucallabicbonds total an addillonal $2 billion.
n;iatiuusltip of a security, enuri protection Agency , . State
exhibit positive. convexity, nrennittg that the U.S. Environmental
price of the bond increases more as yields fall saitnd l cal fgovellancIns or awlromn will pot anon ,klf st 1 Wilton
than it decreases as yields rise. Because the ly for e r .
price yield relationship is convex, rather than trends mmmffim~
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- - - FEATURED FINANCING: VARIAHLE TO 1
WELCOME WAGON FIXED HATE CONVERSION
E.if,PncI, I Adyiso1 Y -Clic nts The Texas Municipal Power Agency (Scot(
Clyde Independetil School District
Ector County Hospital District McGough, Director of Financial Services)
City of Garland issued $140 million of Revenue Bonds, Series
city of Kress 1986A, The bonds were issued as daily adjust-
' City of Wellman able interest rate bonds wills provision for
Athhra e Rebate Clients subsequ mt conversion to various other modes, `
Calulina Foothills USD No. IG, AI including commercial paper and fixed rate
Dysan USD No. 89, AZ ntodes, Credit support was provided by a
Garland lodcpendent School District direct pay letter of credit.
Greenville industrial Development corporation !
Litchfield ESD No. 5, AZ The Agency intends to convert to a commercial +
Madison LSD No. 38, AZ
Phoenix UI1SD No. 210, AZ paper mode with liquidity support provided by
City of Traylor a line of credit. Bond counsel determined that
its order to effect the conversion, the bonds
C Imc ty ofG1~t,nt Clients ,
must be converted to a fixed rate mode and
Coy oll
}lams Cooiomely Municipal Utility District 48 reconverted to a commercial paper mode.
Lamar University
The bonds were converted to a fixed rate of
6.05% on the September 1, 1990 conversion
date and will be reconverted to a commercial
paper mode on March 1, 1991.
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"Bond Market Research" is a monthly publt-
calion prepared by First Southwest Company
for the benefit and use of its clients and other
interested panies,
Nits( Southwest Company
1701 Pacific Avenue, Fifth Flour
Dallas, Texas 75201
(214) 953.4000
1-800-442-7161
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MARKET AT AGIANCE
All figutcs arc as of the eiosc of the first xveck of the month.
ost, 1990
At
Scptemltcr, 1990 -
a1'~ 7.08%
I~ 7.33%
Bond Buyer's 20 Bond index 7.68% 7.240A
pond Buyer's 25 Revenue pond Index 7.73% 9.53%
MAC 12 Texas Bout Index 8.95% 5.25% a
30 Year U.S, Treasury pond Yield 6.00%
Bankens Tnlst TSNR Index
$ I,p7;,301,180
$ 1,291,800,000 772,170,000
\I Visible Supply (Compelil:vc) 2,077,900,000 1,062,800,000
Visible Su{qtly (Negotiated) R27,200,000 92.51%
piLle List Vulumc 49.0%
Competitive placcnnml Rallo
Se~les
Del t tis n(Jvcr Yicld Cutve,
(Scptenlhcr 1, 1990)
5% 625% 6.55% 1
~na - b.05%
1 Year 6.25% 6,45 6.70 7.45
5 Year 6.90 7.15
6.70 7,45 7,75
10 Year 7.00 7.20 7.25
15 Year 7.30 7.55
7.1U 7.60 7,90
20 Year 7.15 735 7.95
25 Year 7.40 7.65
j 7.20
30 Year
j
CLOSER LOOK: THE 20 LARGEST COUNTIES.- KEY CREDIT STATIS7'ICS
4'utl Debt % Balance
Nloaiy's PopulRQrnt Value Debt M1 Payout as % of
+ IOVcnrs He lew
_
5"Tt - S 596 57.0 7.5
19RRcst.._ Capita
Rating_ 1.5
CmmY.--- 2,387.8 S 4!,710 1,005 64,9 S.G
Aal 26,7)9 3.8 60 2645
Los Angclcs, CA A 1 5,284.3 5.1 2,145 '
Coale, 11, 2,786.7 37,635 622 2911 4.8 112 )Inrds,TX Aa 2,770.4 2.1 $2,117 2.1 4,071 29.0 13.0
qftjj Diego, CA AlIC011-0) 2,257.0 56,375 329 TO 3,3
r ('range, CCA AaI 2,4 4.6
2,127.R 38,765 1,841 94A
lief 41,116 4,5 66.6 28.4
Wayne, Nil 2
AaI ,029,5 45,935 3.4 t, 6.6
NSarlcoMn, AZ Aaa 1,854.7 1.7 1, 1142 42 57. 6
Dallas, IA 1,9!7,5 d2,51T I,ll6 47.6 14.8
Dade, FL AI 1,438.9 51,699 2.2 2's 2811 69
Oig,WA ARI Con (A 1) 1,4320 55,811 LR 615 666 2210
L8 18.8
5nnlaClnra,CA An 1,430.8 35,W 01 419 100.0
CoyaiwgA.oil 1,373.6 73,291 814 67.1 1,7
Middle-;ox, NIA An 21,421 5.9 5612 4.7
A 1,754.7 36;376 4.2 1,514 2.4
Allcgheny,PA Daal 1,320.8 4.3 1,638 65:3
Sufrolk,NY 1;718,1 37,1 967 47.8 4.4
Naaaau,NY Al 72,1884 5 2.7 22,6 10,2
Al 11292.5 39,163 3.1 1,466
9.3
San 4lcmnrd6to, CA 1,241.1 3,9 1,085 67.0 33
AlamcdR,CA N1A 21,465 13,1
rU 1,211.7 5.1 1,394 36.6
13cxar,TX AR 1,!87.0 57,24'.
ISmwarJ, 4'L
r Sndrre: hlonJy's l~reaforsSenire
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- -==Bond Market Research
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i' i h ti'i q, 9 Vol. 4, No. 8
INvl;,I..\I r nn~xrar:
August 1, 1990
_ - - ~ - - BETWF,F;N IRAQ AND A YARD W ACE
First Smrthwest Corttpatiy provides complete
The Iraqi invasion of Kuwait on August 2 13s
financial advisory and Iauler•Writing services
for nnuticipal issuers. Our tuiderwriting introduced a considerable degree of uncer-
tainty in tile, credit markets. Most analysts t
expertise has proven invalunble to ortr f +uitl a modest rise in oil prices, to tine
.
,j(11 advisory clients foresee
$35 per barrel range, accompanied by b1-
n inflation rates and interest rates
)ve 1110 participants in the market, creases'
Becrn2se .
During the month of August, Ilse Bond Buyer's >I
rather than observers of the market, sve are
Index rose front 7.09% to 7,47%.
Weil-equipped to discuss urarket co2rrlitions
nrI evahtateIlrtaneing structures and t
a ech I;clWever, Many analysts are quick to p isoint out
niques. In adrliti+tiare withrkruleruritne,rs al enables as to tref that the world econo 19tile
7my in 7(0'1 and s and t9tmuch
equal footing. different than that of Uic retUriturtl to
meaning that tbere is little chance of 11
'Thank you,for rearlittg "florid Market Re runaway inflation or soaring interest rates,
k search, "
In fact, Ilse Iraqi s'ttuatlon cots}d benefit several
important industries in the Southwest, inelud
itsg the backing, Llefense and oil industries.
to j P. Morgan Secuntiesl'In
According Texas alonle, an oil price of just $251barre
M state's
_ adds almost $400 nlillionl a 111011th to 1110
;i10NTIILY MARKET ONITOR' economy„•Banks in these areas ay begin to
JULY betseGt as a stePPed up economicmreviva
stinsulntes the real estate market,'
I I)c unlaicipa} market cooY.cd tike a backyard barbc-
qucasylcldsconrc'ISC.tl)Ito17.0g%onrAtlguyt61b. SOCL9LSpCVRITYANDMUNICII'AL
fmm 7.24?6 y
in 7
Similarly, the Revonue Bond lad asmo SfiCURITY
astiaedby3l~C
to 7.33 `6• The short-Senn tnarkel,
13ankctsTrtist1,ENR lIllex, fell from e.M% to 5,25 k• Sell. Bob Graham and Rep. Robert T. Matsui
The ylukl curve flnucaect slightly as the yield sprcnd recently introduced legislation which would
t1ctW`C1onc-yearbondsand30.ycartxmdsfcpt° 125 permit the social security trust fund to invest if'
uvernntent market, untuicipal bonds. Proponents of the plan argue
basis points. '111c, visible supply and vohitnc figures
nue al low levcis, ill the g tx,nct rose slightly that it would diversify the trust fund and
conti
yields oil the 30'yc,,r'rmislny increase investment ill infrastructure, Ol l
it would
from 8.50^6 to 8.53'16• newts of the Platt argue that reduce
investment earnings of the trust fund rtlcularly
clistvpt Use municipal bond market, Pa
if tine fund invested directly in srrtlnicipnl
bonds. -
✓ SAN ANTONIO, 70205
04 1111tCOmma" tuna
HOUSTON, 77002 LONGVIEW, 756n4
911 HW Loop 261, Box 71 0,1te 1920
70061 AUSTIN, 78701 4039 200 HCNa GMrt S g. 407 (512) 221.0522
ASILM, 7706~n J'clnlo CaMof Town 100 LO,gdma SWel (214)'M749PS
99 Sfn 1tolnto 9 lv d. (it'q 929-0760
107 NCNB 161" 13"l`
uStr'Sldg ty11)4t9-4772
402 CYP
(915)9726472
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AG OKs RI?FCORP STRY S DEFAULT DECLARATION DEFUSED
In a July 25th letter to all bond counsel, the The'I'exas Public Finance Authority withdrew
Attorney General announced that he will its proposal to advance refund an outstanding
approve advance refunding transactions bond issue after several state officials voiced
whereby bond proceeds are invested in the opposition to the move,
interest component of Resolution Funding
Corporation bonds (REFCORP STRIPs). Earlier, the Authority on the advice of its bond
Similarly, Moody's Investors Service and counsel, financial advisor, and underwriter
Standard & Poor's Corporation have approved declared a $145 million issue to be in default,
escrow investments in REFCORP STRIPS. on the ground that the bond proceeds were
used to buy an existing building, rather than
Although REFCORP STRIPS are not "full build a new building, ns contemplated in the
'i faith and credit obligations of the federal gov- bond documents. The Authority proposed to
ermnent, the interest payments arc guaranteed advance refund the issue to cure the perceived
by the U.S. Treasury. Because REFCORP default.
STRIPs have recently traded at yields 15 to 25
basis points ( 15% to.25%) higher than other The declaration, a first for a state issue, was
stripped U.S. government se cutities, several trot supported by the Attorney General or by t
investment bankers have suggested that issuers the bond trustee. After discussions with state
pursue escrow swaps to replace government officials, the proposal to advance refund the
securities in existhig escrow accounts with binds was withdrawn.
REFCORP STRIPS.
RATERS RECOUNT RISK, REGULATORS
Bond counsel are generally comfortable with REVISE RESTRICTIONS
{ escrow investments in REFCORP STRIPS, al-
though some have raised que.,, Ions about the Analysts at Fitch Investors Service, Inc. and
legality of securing bonds issued after January Standard & Poor's Corporation have voiced
1, 1984 and tiie likelihood of receiving prompt concerns about [lie credit implications of
payment from the U.S. Treasury. First South- interest rate swaps.
West .,^ompany has received assurances from
funding officials at the Federal Home Loati In all interest rate swap, an Issuer exchanges
Bank concerning the prompt payment ques- with a counterparty fixed payments for float-
tion, For advice or assistance on evaluating ing payments or floating payments for fixed
escrow investments in REFCORP STRIPS, payments. Analysts have identified credit risk
please call your First Southwest Company rep- risk related to the swap, and interest rate
resentative.
T Toll-Free Numhers In response to these concerns, the Govertunen-
tal Accounting Standards Board (GASB) has
Pleascfeelfrectovseourtoll -frecatinibers locontact recommended that issuers disclose the nature
us: of the swap transaction and the result of the
t -R(in Texas) swap transaction on the debt service payments,
1-t300--527527-9-90553 3 (Outside Texas)
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M.i PSF PREFERENCE PRE M ILS
An Internal Revenue Service privale letter
ruling apparently pertaining to the State of
Texas Permanent School Fund (PSF) guarantee
program concludes that the PSF is a perpetual
trust fund, rather than a bond reserve fund, thus
exempt from the arbitrage rebate requirements.
The PSF guarantee program allows the Stale to
guarantee local school district bonds with the
assets and investment earnings of the penna••
nent school fund. Because the fund is num- j
aged to maximize investment earnings, the
arbitrage rebate requirements would have
i, severely limited the ability of the fund to serve
its public purpose.
Following the receipt of the private letter
ruling, the program policies were changed to
eliminate the dollar llrnit on guaranteed issues
and to eliminate ;he PSI' yield calculation J
{ requitement, 1
There has also been some confusion over the
ability to apply the PSF guarantee to advance
refunding transactions. Advance refundings
which produce gross debt service savings,
irrespective of present value savings, can I
receive the PSI' guarantee, as long as the -
school district is accredited, and Is rated "An„ ACCORDING 70
or less, The refunding must be done under the Guaranty MrstSouthwest any
legal authority of Chapter 20 of the T,B.C„ as ranked ias he leading financial adviso y fpnn In the
r opposed to 717k, Budget Balanced Schools, nation for insured municipal Issues for rim first half
which receive no state aid, are not eligible for of 1490, assisting on 40 Issues wllh a par vaiuc of
the PSF guarantee. $626.3 million,
Changes and clarifications of the PSF guaran- n
Healt Care t-for1proft hospllamshad a InedlnZotal profi89
tee program have slowed the development of a margin of 3,53%, whereas Investor-owned hospI-
$750 trillion school bond bank proposed by tals had u median loud profit margin of 2.67%,
Bob Bullock, Texas Comptroller of Public Moody's Investors Service For die first half of
Accounts. Some market participnnls have I M, Moody's upgraded 102 oaths and down.
questioned the need for the bond bank, mud gmdcd 84 credits, incluiug 13 downgrades and 4
state officials recently announced that the upgrades in the Southwest region,
program has been delayed.
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WELCOME WAGON FEATURED FINANCING: TAX AND
REVENUI% AN77CII'A770N N07'Is:S
Fanoncin! Advisory _Cllenis (TRANS)
College Station Independent School District '
Crfvbyton Consolidated Independent Arlington Independent School District (R,E.
School District [ferry, Superintendent) issued $10,400,000 of
El Paso County tax and revenue anticipation notes (TRANS), a
Kernack Independent School District
1,orcna Independent School District TRANs'are typically issued to finance seasonal
cnsh flow requirements.
Arbli_agr Rcbntr. Clletits
Austin Independent School District TRANs are secured by all available funds,
Denton County Housing Finance Corporation
including, but not limited to, ad valorem taxes
El Paso Pubile Service Board
Oleadalc UFISD No. 205, AZ levied for operation and maintenance purposes,
Isaac ESD No. 5, AZ interest and other income, local non-tax In-
Littleton F?SD No. 65, AZ corne, and State appropriations to the District.
Peoria United School lllsWcl No. 11, AZ The notes bear interest at 6.10% and mature on
Roosevelt ESD No. 66, AZ August 30, 1990,
Tolleson UHSD No. 214, AZ
Invesunent Execution Clients TRANs have become increasingly popular its
City of VI Campo districts increase in size and sophistication,
City of Keller
reducing the likelihood that cash flow financ-
United Independent School District ing can be provided by the local banks. In
addition, declines in assessed valuations and
3 reductions in intergovernmenfal assistance
place further burdens on districts,
I
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"Bond Market Rescateh" is a monthly publi.
cation prepared by First Southwest Company
for the benefit and use of Its cl ienis and other
Interested parties,
I
First Soulltwest Company
1700 Pacl{le Avenuc, Fifth Floor
Dallas, Texas 75201
(214) 953.4000
1-800-442.7161
4
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MA RKET AT A GLANCE - All figtucs areas of the close of the fitst week of the month.
August, 1990 July, 1990 _
Bond Buyers 20 Bond Index 7.08% 7.24%
Bond Buyers 25 Revenge Bond Index 7.33% 7.43'%
MAC 12 Texas Bond Index 7.24% 7,37%
30 Year U.S. Treasury Bond Yield 8.53% 8.50%
Bankers Tnisr TEN R Index 5.25% 6.00%
VlsibluSupply (CompeliQvo) $ 1,072,301,180 5 1,941,900,000
Visible Supply (Negolinled) 778,170,000 1,597,900,000
Bhie Usl volume 1,062,800,000 1,075,600,000
Competitive Placement Rnlio 92.5% 100.0%
Dcly~is Ranovcr Yiel (llr1'e Scalrs
(August I, 1990)
"Aga" "Aa" 'A" "13sa"_
I Year 5.75% 5,40% 6110% 6.3576
5Ycar 6,15 6.30 6.50 6.75
10 Year 6.40 6.60 6.80 7.05
15 Year 6.70 6.90 7.10 7.35
!
20 Year 6.85 7.05 7.25 7.50
25 Year 6.95 7.15 7.35 7.55
' 30 Year 7.00 7.15 7.35 7.60 1
1
CLOSER LOOK: MEDIAN VALUES FOR DISTRESSED IIO.SPITALS
1989 1988 1987
Beds In Service, Total Acute 100 104 105
Occupancy Rate 41'91 44.47 45'55
Days Cash on Hand 9.31 11.92 18,31
Long-Tenn Debt to Equity 0,15 0,20 0'32
~
Net Plant, Property S:. Equipment per Bed 800250 78,344 72,587 j
Debt Service Coverage Ratio 0,12 0188 1,41
Operating ProfiitMargin (10,76) (5.31) (1.78)
Total Profit Margin (9,31) (4.09) (0.36)
ar538
Source: Health Care Investment Analysts, Inc, Information Services
5
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I
-=Bond Market Research
t coNtPANY
INVFIti'1'\EF7N'C' IIANIC Y; ECK
I noad ii,qerl 0 l'ar n1onJ3V 50nd5 -J--
e ek 1'180 19E1- 1782 1767 -198!1_ 1985. f')BL 1787 ]981 1989 1790
7197 7.44 7.03
5C'
7 .03
7,40
I 1.32 7.47 17.76 7 37 9.66 9.60 8.04 6,70 7.87
65
4 7 7.51 7.2 7.19
January 2 7 30 9.57 13.44 9'4S 9.60 7.51 8.10 6 6.5
21 8.05 . 54 . 51 ?.21 7
7.28 9.63 U.VG li
7.86 6.56
7 9.91 13.13 9.LG 9.59 9 9 . 31
4 7.7) 24
5 7.52 6.57 7.49
7.73 7'29 7.20
7 .71 9: 0 7.2 667 7 40
7.54 7.16
Febr uarY 2 7.75 4 97 13, 09 9.72 9'1656 8 9 it 7.24 6.62 7.55 73
3 8.46 1D.22 I. 96 9,53 9.11 6.98 6.59 1.52 7155 7.27
G 9.12 10 27 12,70 7 3G 9,80
7 25
5 9.S6 9.15 6.88 6.5y 7.47 7.552 7.25
I 9.94 10.40 12.53 9'04 9.94 9.76 6.39 6.61 7.61 7. .52 7 .32
Glarch 2 9,08 10.34 12.71 9,22 9,98 9.82 7 J4 G~%9 ~.SQ 7,72 7.31
3 9.20 9.81 12.97 9,19 7.90 7.64 7.37
9.75 1.21
y 7.44 10117 13.04 9 . 38 1 7.77
y 6,91 1.80 1.56 7.77
I 9.44 10.21 13.13 9.23 10 04 9.17 7.19
1 9.44 10.45 112 2 S99 9.04 79'1 739 7.25 7.21 7.81 7.94 731
April .87 7.44 1.39
9.87 7.25 7 22 16 7 70 7
} 1 7.77 7.40 7.51
. 9.09 7
9.94 9•}7 7 2
.69 10.70 h
y 8,11 10.80 1129 8 . 82 7.85
5 1.96 10.94 11.97
999 9.37 1,33 7.86 71,84 7,36 7,54
.S5 7.76 77.39
,27
. 10.90 12.OV 8.7% 7.55 831 1.97 7L 18
1 7 11
May 2 7.44 10.83 11.82 8.86 IU.36 8.86 7.76 1'.,182 7.96 7.11 1.26 to: 19 7.12 10.73 11.96 9.29 7.26
3 7.71 10.64 11.99 9 51 11107 8 S- 7.70 8
S 31 7,87 7.15 7-21
IS 7.97 7 '
r Gg 10 . 59 5 . 66 8.08 7187 7.78 6.75 7.20
9
1 7.67 10157 12.13 .18 10.59 9.66 7.82 7.63 7.73 6.89 7.28
June 7,5) 10.63 11.40 9' 10.56 8.67
} 7.5576 10.73 12.L3 9.38 7.74 1.02
y 1. 1074 17.62 9,36 10.76 8-80 7.39 7.72 7.77 7.08 7.27 15 1.00 2
9 3S
3 10 67 8.92 1-11 7'81 71 7,24
1 7.88 10.85 12.58 9.54 70.4fp 8.81 7.45 1.67 7 7 ..7 77 6 6' .9925 7,17
7
16 7,15
Ju1Y 7.95 10-91 12.41 1036 3 73 2645 0 77..764 2 7.76 6
.87
2 .
4 7154 7.77
3 8 ,19 11 34 12.01 960 19.49 81 1'
5 8.59 11.44 11,72 7.56 7.69 6.V1 7.09 '
63 11,37 9.74 9.92 9.01 7.3) 1 33 7'02 7.22
1 8.53 11.74 1186 9.35 9.31 9.02 7'17 7.81 7.85 7.09 7.26
August 2 10.02 9,12 7.06 1.80 1.80 7.15 1.56
3 8.62 12'49 10,82 910 10.02 9.18 6.93 7.16 1147
4 8,85 12'91 10 38 9.57 10,17 9.09
S 05 1.76 7.j5 7,41
S
8.18 13.10 10,74 9.79 1Irms 0.10 9.46 1.10 8'36 7,67 7.26 7.75
1 .75 7.41
September 9.67 2.50 7'
2 8'12 '2.2179 1010.14 1.62 7.95 9.75 11.,114 85 8.32 J0 1.42 7'40 7.57
3 8.78 12.57 10.58 9,42 10.15 9,38 7.64
4 9.18 10,48 9.4L 21
5 ) 8 8..55 66 7
1 9.22 12.93 9.75 9.49 1034 9.3) 1'I' 7.53
.2 9.01 12,7) 9.25 9.67 10.36 9'25 7.06 7 . 42 7,19 1.19
Oclober ,68 V0, 24 9.12 7.08 .17 7.45 2,22
) .81 12.41) 9.69 7 9.81 10 Ay 8.25 1.11 8.72 7 J6
8 10.05 8.76 6.94 5.43
y 89 06 .81 !2.99
7.70 7.)7 7,
5 9.45 12.97 6 9b 24
I 7144 1244 4.46 9.79 t0.11 B.LS 6.92 8.03 1.44 '1 l0 S,Go Novemhcr 2 9.30 11.43 9.72 7.75 10,11 8,31 6•78
1.91 7.50
7.50 11.71 to 20 7 .70 10.71
7.04
q 9.61 11.95 10.16 9.24 10.24 SSI 6 Y4 1194 Y-59
0.04
S 7.90 6.99 7.61 I 9.64 12.18 10.2) 9.62 9.95 8.54 6.77 9 to 7.64 1.0 42 6 904 Deceinber 40,42 17.99
t0. J 9,91 19.93 8.38 6,92 8.01 7,6f, 6.91
2 91 8.16 6.83 7.9$ 17.51 6.97
3 10.56 IJ.00 19 . 07 19.92 9•
9.84 7.56 . 49
r, 9'99 11.11 9.56 9.16
5 9.76 13 .30
SAN ANTONIO, 78209
HOUSTON, 77002 LONGVIEW, 79804 15,3 EN3CW.1M4100 Street
AUSTIN. 78701'-4099 oil NW t,"p 211, 9 41131 11,11l mo
2300 NCNB Comic &At 4301 (512)222.1522
A9ILENE,78081 170 So JNN3b Cerdm Y6rn Clke 7p01-11411604 SUN1 (144) "TAW
105 NCNi4 TekN AenN ~O' M &n JeebNe ONd. (155) 22110160
402 CYP t" S*W (6f2)176'µ772
(976) /71M32
S
^Band Buyer`s" Index of 25 Rev. nuc Bonds
Basle valuation of par Bonds
1
Week 1980 ,1961_ 1982 1943 4964 4985 1966 1987 19SS 1989
4anuaty V 8.18 10.44 44.29 10. 37 10.43 10.11 3.7? 7.19 6.2H 773 7,36
.11 g.11 7. 01 8.31 7.66 7.75
0
2 5.21 VO 34 14.32 10.1 10,07 10
3 8,15 10.72 14.12 10.15 9.78 9.95 8.34 7.07 H•00 7.53 7.4
y 8.20 11.07 14.09 10.)3 9.95 9,81 E.29 6.98 7.84 T JG 7.32
5 8.30
1 47 10,84 IV .U3 10.30 9.46 9.76 8.24 6.98 7.84 7.56 7.42
p 8.11 11.06 17.89 10,23 9.9) 9.98 8.07 7.09 1.76 7.6) 7.50
February 8 .
3 7 JV !I 06 13.73 10.08 7.97 10.09 7.73 7.04 7.90 7.82 7.4
y 9.49 11.07 13.32 9.9i 10.23 10.24 1.66 7.01 7.83 7.63 IM
5
Slarch I 9.71 11 10 1335 9.62 10.14 10.23 r:53 7,D2 8.02 7,79 6.92 8.80 7.83 7• '
991 11~03 13 59 9.95 10.41 0 25 j
.99 lO.LT 13.77 9.85 10.41 10.24 8.13 7.08 8.09 7.75 7.505
10.26 10.19 7.69 7.11 8..2271 7 7..67 93 7 7. .57
4 S
3 9
6 19 99 10.60 17.79 9..73 LO.39
S
Apr 11 l 10.23 10 .92 1).70 9.38 10 .36 10.09 7.56 7.2G 8•IS 7.80 7.1
60 9.37 10 25 2 9,19 I L 30 17.22 9.76 10.21 7.64 1.53 8.2E 8.27 7.69 1.64 S 16 4 9.'19 I Lyg 12.9) 9.26
10.23 9.82 7.69 8.13 8.25 7G1 7.77
5 9.07 11.71 12.64 ,
May 1 8.13 11.66 12.82 9.21 10.34 9.13 1.79 8.20 8.27 1.62 7.66
65 69 j S24 it 523 10-61 9 56 1 6
1154 12.74 9.77 10.82 9.14 7.91 8.66 8.34 7.39 7.41
7-49
4 8,51 11.45 12 78 9.96 11.24 9.39 8.09 8.33 8 J2 7.78 7.50
11.44 9.27 6.07 +
S l~ 6 9 10 5.76 6.27 9.25 7.47 7.49
June 4.18 8.31 8.16 S jo 7,28 7.46
1 9.31 11.46 12.94 10.25 11-1
97
2 8.44 Il•47 13.15 10.'6 10 0. 97
7 6.39 II.48 13.51 9.93 10.94 9.1`7 g•2T 7.96 8 12 77,27 .34 7.53 . 94 4 8.52 11.34 13.59 9,94 11.19 9.24
8.05 8.10 8.10 7.42 7.48
5 ?,27 7.0
July I 8.66 11. 66 13,38 10
.05 11.11 9.25 1.90 6.16 8.14 7.32 7.4 7 9 3 H,71 I L 67 0.32 10.02 10.73 9.1) 1.91 8 OJ 8,13 7.26 7,40
0.09 10.99 6
t 08
4 8.H7 12.01 1).12 10.08 10.62 9'25 7,96 g,ly 8,13 726 7.76
5 9.31 12.12 53.05 7,19 7.37
i .79 9.75 7.97 9.20 8.OS
.75 .29 9.40 7.64 8.04 8.18 7.71 .SV
1 9.47 12.34 12.90 10.20 10D
lugust
2 9.39 12.55 12.84 10 8 7 39 7
3 9.62 1).Oy 12.28 10.21 40.47 9.47 7.43 6.12 ,19
7.32 8.09 8.19 7.41 7.80
9 43 .
4 9.76 0,89 II.65 10 20 10.45 9,43 7 46 7.70
S
91,1 9.47 9-10 7,43 7.69
1 9.68 14.10 11,91 10.)7 IU.56 9.60 7.63 8.67 7.78 1.45 7,64
Se plembcr p 9.73 14, 11.64 10.31 10.41
3 9.92 0.78 11.41 10.26 10,47 9.69 7.37 8.63 7.93 139 7.7 10 2h
4 10: IJ.62 10.96 10.00 10.63 9,7h 7.51 9.65 7.92 7.39 7.81
3
7 8.88 7.8) 7.30
October l 40.07 U.98 FUJI 7.95 10.96 7 J2 7.3
47
2 9 94 11.83 9 19 10 14 9.66 17.57 10.41 10.11 10 71 1. 7.52 7.39 9.69 1.17 70 7.47
3
4 9.93 13.94 10.87 10 JI 10.34 9.40 7.70 8 J8 7.+J
1 3 10,27 13.97 10.62 M6 7,30 9.29 1,64 7.47
N ovembcy 1 10.4) 13,54 10.66 9~Ig 10,61 9.25 729 8.41 7.17 7.45
Jg 12.66 10.67
3 10.38 13,06 10.19 10.19 10.82 9.08 1.19 8,44 7,86
2 VO 7.31
4 10,31 13.26 10.65 1022 IC 19 9`20 7'16 8.43 7.97 7.34
3 776 7.3)
Oetelnber 1 40.74 13.49 l0 '7 10.45 10,1'4 9.96 7,34 9 J~ 7.96 7.29
2 II.30 13.89 10.79
) 11.41 U .75 10.81 10.36 10 J6 8.90 7.31 8.47 7.94
4 10.96 14.12 40.66 IOJg 10 J3 8,83 7.16 8,29 771 7•17
5 10.81 14,23 IP•54 10.2)
I ,
I
h Tuesday, Augrst 28, 1990 ~Ipt~flailafjgornlnq~trlu>t
(lC fI `3 h3Ji1 '
Blame,
riTY,! a,iieSr ;;r
Congress
for est "ales through the '4%" `50s and
,early '60s. In exchange, borrowers money, Congress then deregulated
LL/ ;got ready access to home mortgage the lending side of the thrift Indus.
loans at attractive rates, try Ill 1981, ollowing the thrifts to
Since regulation controlled the make small-business loans, to de.
debacle -,loans
of deposits, the thrifts were vir• veloP real estate, etc. While most
.luallyguaranteed aprofit. thrift hunkers were not trained for
This was a very protected Indus tile, change, some outsiders saw
"11 is f.. "1 try. great Opportunity in unlimited lend.
time for a 5ti'mit nn example of its praise.
non, ing with deposits Insured by the fed.
[lie people cral government. Some of these out.
who had in the late 60s, when inflation siderswere crooks,
the Part) and rising Interest rates first he. ■ Congress adds napalm. At the,
to pay for came a problem, many savers were same time, Congress wanted to In.
it." Tempted to take their money out of crease the incentives for capital in.
So coll.: ~x savings accounts to buy higher vestment. So they wrote new depre•
eludes JO- sCpn yleiding,US. Treasury bills. At the elation laws in 1981 that made lever.
seph p. BURNS time, you could buy them it, a mint. aged real estate investing
Kennedy, mum denomination of SUN, irresistlblyattractive. I
a congressman from the People's The thrift bankers complained Where to tnvest?
Republic of Massachusetts, in a re- about deposit losses, and Ole Treas. The Sun Belt, In general. Callfor•
cent newspaper article on the cost ury rolsed the minimum for a'Ireas, nin, Florida, Texas and oll-pro. ,
j ofthesavingsandloancrisis, ury bill to $10,000. Smalt savers lost during states, in partlcntar. That's
lie may be a Kennedy, but I millions of dollars in Interest, where the growth was, That's where
don't think he can afford to pay ■ Financial innovation threatens people were moving. The combina•
for the party. By my calculation, if the industry. The nnrlual fund In, lion of deregulation and economic f
you divide the $l00 billion cost of dustry, seeing the widening spread incentives created a massive real es. 1
the Sdd, debacle by the total num. between Interest rates on large CDs tale boom.
ber of congressmen and senators and what small savers were paid, ■ Congress changes the rules.
now In Washington, his share created the first money market Having created an almost hysteri•
would come 10 $560 million, give funds In 1971. They offered small cally favorn'ole Investment environ•
or takea few million, savers the opportunity to participate ment for real estate nod having
The congressional member In rising market Interest rates. caused hundreds of billions to be in.
probably also would claim, since By 1977, the money market finds vested in now real estate projects,
he was first elected In 1986, that were so large and numerous that Congress took back everything it
lie isn't responsible and shouldn't thrift bankers complained again gave away a few years earlier with
pay the bill, that they were losing deposits. So the tax reform of 1986. They cut top
But while Mr. Kennedy and the deposit side of thrift banking tax rates, reduced depreciation ol•
other congressional members was, for all practical purposes, dere• lowances and limited real estate
point their fingers at smooth gulated thrifts were allowed to of. writenffs. With all exquisitely bad
while-collor criminals and urge for CDs with yields lied to the yields souse of timing, they did this In the
more aggresslve federal prosocu• on comparable maturity O.S. Treas. saute year oil prices collapsed.
lion, It Is a fact that fraud and self. ury bills. The result: a dramallc reduction
dealing, however outrageous. While the change allowed thrifts In real estate values and a collapse
caused only % small portion of the to compete for deposits, It olso that has Its opicenter In Texas.
QdcLImes. caused a dramatic increase In their The poit,t here Is not to white.
j Most was caused by Congress. cost of funds, Suddenly, slow•mov- wash the real crimes committed by
They created it, law by law, tax Ing Instihlllous that were slurred some developers and thrift manage.
haage by tax change, over a period with billions In home mortgages ments: They shoutd be prosecuted
f more than 25 years. Here's how: yielding 5, 6 and 7 percent were pay. fully, with vigor.
■ Creating the industry. The saw ing out 7, 8 and 9 percent oil depos• 'file point Is that rhetoric Is one
Ings and loan industry was created Its, They were losing money, thing, reality another. Congress
n0 provide home mortgages so that By the end of the decade, most makes taws. Laws create the frame.
eworkhtg Americans could finance thrifts were technically bankrupt: work for the creation of value. Laws
'homes. Ueposlts were Insured by the The market value of their mortgage shift money from one person or In-
ederal Savings and Loen Insurance assets was less than (heir deposits. If dustry to another; laws create
;Corp. and guaranteed by the federal they were forced t0 liquidate they wealth that ".lid not exist before;
government; most mortgages were would be billions short, more than laws destroy wealth previously
insured by the government; and the enough to empty the li"SIX Insur• thought secure.
:interest rates paid on deposits were ance fund. Congress holds a legislative gun,
;regulated. ■ Congress throws gasoline on And it is smoking. Next to the Im•
Will' few other outlets for their the Pre, Aware of the developing r.ri- pact of Congress, even the most out.
savings, working Americans put till. sis but not wanting to spend federal rageous frauds are penny ante,
-ll0us of dollars to work at low inter.
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OCT 21990
DENTON COUNTY HOUSING FINANCE CORPORA 10
SINGLE FAMILY MORTGAGE REVENUE BONDS
SERIES 1982, DATED MARCH 01, 1982
Bonds Outstanding as of 0410111990
CURRENT INTEREST BONDS
Maturi Interest Principal
Maturity Interest Principal ty
Rate Outs ndinn
PAR Le Rate Outs andin Date
04101/19UI 12,3596 $95,000.00 0410111994 13.10% $126,000.00
04101/1992 12.60% $100,000.00 04101!2004 13.625% $1,925,000.00
0410111993 12.90% $120,000.00 `
As of April 01, 1990 all reserve funds are intact and invested per Investment Agreement with Citicorp, N,A.
dated March 01, 1982.
Cell Istor Delinquency information as of of 04_W
Date Amount of Call 30 Days 8 Loans $263,894,57
1010111983 $12,065,000.00 60 Days 2 Loans $89,515.01
0410111119114 $425,000.00 90 Days 9 Loans $134,058.59
10
10!0111964 $1,145,000.00 in Foreclosure 3 Loans $155,014,26
04101/1965 $565,000.00 I
10/0111985 $415,000.00
0410111986 $1,370,000.00
-
10101/1986 $2,670,000.00 Mortgage Rate 13,550'o
,
0410111987 $1,935,000,00
1010111987 $845,000.00
0410111906 $485,000.00
1010`111988 $515,000.00
04101/1989 $70,000,00
1 010111 98 9 $200,000.00
II 0410111990 $130,000.00
l
Outstandina Mortgage Balance as of 0410111990
73 Loans $2,900,249,03
Claims on Pool Insurance as of 04/0111990
14 Claims $95,790.00
NCNB TEXAS NATIONAL BAN <
Trustee
r
This is for your Information only. We are providing this In response to numerous requests lot the r0easo
of this data, in order that we might make it available to all bondholders, without priority.
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DENTON COUNTY HOUSING FINANCE CORPORATION
SINGSERIFAMILY MORTGAGE REVENUE BONDS
ES 1985, DATED MARCH 15, 1985
Bonds Outstandirl as of 03!0111990 CURRENT INTEREST BONDS
Maturity Interest Principal
Maturity interest principal Rate Outstandln
Dale Rate Qutst- anrilnt~ Date $240,000.00
0910111994 8.809'0
0910111990 7.90% $190,000.00 03101/1995 8.90% $295,000,00
8.1690 $160,000.00 9,200/0 $310,000-00
03!01!1991 $220,000,00 03!01!1996 $260,000.00 1
09!01!1991 8.2590 03!01!1997 9.400/o $290,000,00
0310111992 8,501/0 $180,000,00 0310111998 9.5090
9,600/0 $310,000.00
0910111992 8.5090 $2$245,000,00 0310111999 $340
0310111993 8,7090 85000.00 03!0112000 9.70% $4 ,000,00
09!01!1993 8,70% $285,000,00 ,575,000,00
$250,000.00 09101!2005 10.0090
0310111994 8,80%
COMPOUND INTEREST BONDS
MATURED VALUE principal
Principal Maturity Outstandin
Maturity Outstandin Date
pate OglO1l1999 $340,000.00
$345,000,00 $340,000.00
09!01!1995 09!01!2000
09101!1996 $340,000.00 0910112011 $16,000,000.00
09/0111997 $340,000.00
09101/1996 $340,000.00
funds are intact and invested per Invastmont Agreement with
As of March 01, 1990 all reserve
Citicorp, N.A. dated April 11, 1985.
Delig eno( information as of 03101 It 980
Cal History
Date 30 Days 6 Loans $321,490,98
Amou of Call i Loan $70,306,05
05101!1986 $11,423,828.38 60 Days 90 Days 2 Loans $135,424.92
0310111`1987 $1,165,336.19 $500,309,13
$513,838,16 In Foreclosure 10 Loans
09!01!1987
h 03101!1988 $176,895.91
$374,927,80 _ 10.80%
09!0111988 $231 ii810 Mort a oRate
03!01! 1989 $401,047.86
09f 0111989
03101!1990 $523,112,22
990
f a e Balance as of 03f0i!1
Outs andin Mort
157 Loans $9,780,428.03 er the There is no pool ice u Policy this bond In ura n e AssorciationrdateddApril 11f 19185 at Bond
Guaranty lnsuran Y with
NCNB TEXAS NATIONAL BANK
Trustee
This is for your information 1/only, lrWmO We ako Providing avaavailable to all bor dhvldc s, wffhout prlvrltyrts for the release
of this data, in ordv
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NOTICE OF CALL. 'OR
REDEMPTION OF BONDS
October 1, 1990
s Q
DEN'iON COUNTY HOUSING FINANCE CORPORATION
51NOLE FAMILY MORTGAGE REVENUE BONDS
L tl r11+'' SERIES 1982, DATED MARCH 1, 1982
I) S 6l' . d1' I 'k' I I, he Dillon co~ny
Puauenl to the ter" SM1 NCNB ITe of Nagai eink, 8uue"or o Fg`vsn aR3I sisso00Fout
00
Ilas~rp Finance Colpx
n, .1 amount of ry the Fusl bonds of Bank of fort Worth), pu ne
Wgl r
rnOipP emOwnt of fu11y Ieghlered ed bonds shell M called for fedemempbOn 00 0cl9 COlober I, 1990, at pal plus
p 1
""'4 In1ONOI IO aewas I
_ daMO '"Ar It' ""iakMla o1 IM IMlenture IM Trust" hag sell by bl DO 10110Aing
In aeW
~ numMled bore, end amount from Oath bond Wad 101 IOOernplbn'.
\I NCN/lydeY kntaMl band C mount Number MaWrd} '.nsaN 11 I4Md Amounl
I Use PIN No" COW
I Nana 0_106 Aal~ Number 2079 BA I 1-1 M 17649'• RL 1891 5,C07
1699 5,000
I 171'
i 24819606 x.11991 127+'* PR NT 550W 0M 111. R111. 1891
I 216796 AW 4 4 1.1992 1260 b RR 207 , S.7A
RR 233 5 067 HL 1900 5.090
24,1%A%2 1.1.1993 1290", R7 131 5.000 AL 1901 5000 V,
RI 109 5,070 RL 1011 50
4x6796 AY D la•199a 11.10 % R7 229 5.00) RL All? 10 YA
RJ 296 SPA RL 1913 100%
206196 BA 1 1.1-2001 !3645'+ RL %4 5000 RL 1916 10000
RL 1829 6,000 AL 1918 6,070
AL 1658 6007
Pt 4BM 10.000 I
TM manner of shlpm9nl 01 W bo 01 nd any, lel Is at your discretbn, however, we suggest 11 ansm"at by
f
InlWed of r Il1" 14e0 m1A. In dra GSe bOfW6 wnKh R16 glltefed (of Ir ah a Cb In 1W t 0 t
nI, the 6e m6d of MN amount w1l be reissued aMrer wiled vnlh a cMCk to tM u8ed
C*md sm d
amOwnL
be nl at the Ca whkA so h,t of NCNB Texas vxre 1
Sold bonds Irt U pl Bened for pByme
Oink ~ ~ddtreal Meted MIOw on Otlebar 1' 1990' other hK21 date n0Wiher inlareal 3he0 a 10 U
1 "A 1-s NCNB Teens N00661 Bank
P.O. Box 830501
Ba1186 Texas 7620,0601
te• NCNB Thee Nat+01111 Bank
1025 F. eStre fi20~111 xas Oetad; August 3L 1990
NCNB TEXAS Ne TIONAL BANK
TrU
NOTICE
VAtnhOid" of 20% gross federnfWpprreoWeof any Wf lulmale ade tM offhan paying pay'vq the United his the 000"I
reputed py the 1n1era6t and DPnderad Tex Comp1'arloe Act of 19&7 wh
yenafietlbd nwmbM ieedn e9tur'ty a empeyM Identirketbn numtlsltt Of eeempBOn umRGta
of yq M, p44" furNM a poWrM oompreted Fam 129 Of eeamptlon tlydM1Cate of eNUfvalenl when .
ithis
paaobrq yWl lecurfhO.
''r ~ , , : ,,,,5._. L fir'- T ~ - • - _ 1
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AUG I.~r
NOYICE OF CALL FOR
REDEMPTION OF BONDS
September 1, 1990
DENTON COUNTY HOUSING FINANCE CORPORATION
SINGLE FAMILY MORTGAGE REVENUE BONDS,
SERIES 1585, DATED MARCH 15, 1965
Pursuant to the terms 01 Section 301 OF the Trust Indenture by and between the Dsnloo County
to Fal that $295,041 22 WkouFp
NC Texas NOt
"Ousin 71.An (fOtmCuPO a AY) Bank Full Wwlh, N arwlke Is herebysswen
ccrued
Worth 611 BnKWnI Of fullyy rog,$4led bonds ]hell be ailed rOl re 1 and a1111enpCOmpOUr~p ~mpunl9 WUC40 n
interest to soW data On Culrenl merest paying
Inlelesl DON' . nde numbered oborxlyai wth artwunl loom eacn bond cta led lloraiedamD> ' a has selected by bt the r011ow,n9
CURRENT INTEREST PAYING WHOS
CueID MHUdty Interest Bond Amount Cus1p Metuhty Interest Bond Amount
971 Number Called
Number Dole RaH NumUU Called 2487Number 97 805 Dole
5000 a
\1 218787 A%B 3.1.1991 8.25!6 1171 - 5 1014 5,000
248797 AL6 9.11991 825:e 1892 i•WU 246197 BE1 8-120 10~° 2707 5,000
1 248797 AM 5 311992 75rl 3788 5•~ 2795 5,000
240787 AN 2 0.1 .1992 N !0°• 3192 5.000 3301 5,000 -
{ 248787 AP 7 3.161993 8.70°6 22914 024 6,0000p0 3316 6.000
248797 A0b 9.1993 8,70°8 Awl 6. 000 3JW5 5,000
881 5,000
248797 AR3 3.1 8-80% 3714 5,000 3920 10000
4186 6.000 3921 5,000000
248197 SOB 91.1994 8.60% 3964 5.000 4059 5.000
I 260797 AS i 3.1.5995 890% 4065 5.000 4118 5000
1168 5,000 4123 6,000
AU B 3.1.1998 9.20% 4103 6,000 4184 6,000
248707 Wo 5.000 4168 15.000
248797 AW 2 3.1.1991 9.40% 3242 5,000 4186 t 04000
3710 5.000 4767 30.000
i 248197 AY 8 3.1.1998 9.60°6 4147 5.000 4188 16.000
1192 6,000 4189 6000
2487978/0 31-1999 9.BP'. 3663 66M 4196 5.0OD
t 4000 5.0DO 4198 6.000
CgAp0UN0 INTEREST BONDS Toth
Total Cull Mobility Bond Value CompourWed
Cuslp Meturm Bored Vekre CompwndMl
IArnbe! _Oeb _Nunlbar Celed Amount Number Data _Numbe7 Called Amwm
j4 j797 AT9 9•I-1005 1669 5,000 3,261.23 249197 AZ5 94 ID9B ^M_ 6000 2,M '6
2370 5.000 3.264.23 2359 5,000 2.10462
248797 AVd 91.1090 376 00pp00 2,66116 24879790794•t999 2314 6,000 2,104.52
2353 SAM 2,861.18
000 2 593.6.1 248797 90, 3 9.1.20M 2313 10.000 3.804.94
248707 AX 0 9• V • 1897 3 5,~
WhourkharedIsU0l5 r09lion,tadd Id bhid rof,en we AMWru9Bent In l ot bA05rnib6V by
3,113 Tne Maeelm0o, of shipment at your bondlyyal Isbondals your
Insured Or r ,stored mall 1a the Ca se Of an the ailed
a,ed Amount, the balance of that amount %!I be re-llsued AM re areal along with d Cbeck Iw the ailed 1
amount
Said bonds ehOUW Do presented Iw payment at the Cwpor010 Trust l no jof NCNB TOX sh laatk0al
Wad WOW On September 1, 1990, Btler whkh date no u finer Interest eh a8 AN.rUe
p o be to el M r 50d r B ~1
Mslilm NCNB Texas NatiooEl Bank DNNer to: NCNB Texas NaOonal Bank
. Box 713601, D alas, Taxes 71520-3112Floor 91h p .0
Dallas, Texas 76283.0501
Dated, August 2. 1M
NCNB TE7(ATMNATIONW AL BANK
NOTICE
Uro
WdhMWing 0120%Ol9ross redemplul p+Oaodo of eny payment made "hen The United Sletea may
of 1963 unless, the paYn9 Agent has
be re0U9ed by the Interei end D"doond Tax COmplerrGe ! A cI or idanHOwlron number) 01 Oxempptlwr
mplo tbn cedihale
arrest taxpayer Wenli9catbn number I1. a IX-Jfity loony IN ► Cwnpl mPloy w
rum W9 or exemp
arlifkate of the Payee. phase fumrls a props ry'
equlvaldnl when presenlln9 your seeurdes,
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DENTON COUN' Y HOUSING FINANCE CORPORATION';
SINGLE FAMILY MORTGAGE REVENUE BONDS
SERIES 1984, DATED JULY 16, 1984 Bonds Outstandino as o! 91101 18W ~r Yt,-In~A(i.r~glttrlrr:
CURRENT INTEREST BONDS
Maturity Interest Principal Maturity Interest Principal
12" BO ouIcul ba
61314 9St! Uut04ampa
07/0111990 9.269b $85,000.00 07101111904 10.20% $96,000.00
01101!1991 9.50% $86,000.00 0110111996 10.40% $100,000.00
071011`1991 9.50% $106,000.00 0110111996 10.60% $11101000.00
0`110111992 9.76% $105,000.00 0110111997 10.76% $116,000.00
0710111992 9.75% $110,000.00 0110111998 10.90% $135,000.00
01101/1993 10.00% $110,000.00 0110111999 11.00% $166,000.00
0710111993 10.004b $136,000.00 01101/2011 11.76% $6,086,000.00
0110111994 10.20% $80,000.00
COMPOUND INTEREST BONDS
MATURED VALUE
Principal ~
Maturity Principal Maturity Ina
.240,000.00
$180,000.00 07101!2001
0710111985 07!0112002 $240,000.00
07101!1980 $170,000.00
0710111997 0710112003 S240000,00 '
$185,000.00
071011141198 $190,000.00 0740112004 $240,000.00
07101111999 $190,000.00 011/0112016 $6,206,000.00
I
0710112000 $200,000.00
NI reserve funds are Intact and invested per Investment Agreement ta with July Bank One, Texas, N.A
(formerly Mercantile National Bank at Dallas (MBank Dallasl) y 16, 1984.
198n 0101101!1890
mall Hlelor~t R9lla9~..
u1~L o1 C 30 Days 9 Loans $673,064.86
Le L1]2 Q-0 -
60 Days i I..oan $57,249.10
0210111980
$11,614,716,35
01110111887 $1,187,008.20 90 Days 4 Loans $280,135.38
i 0710111987 $2,132,687.20 In Foreclosure 6 Loans $301,766.00
0110111988 $`1,130,879A8
0710 11 1 988 $263,943.80
0,110111989 $531,661.20 140960.6-WA - 12.00%
0710111989 $772,613.46
$630,214.80
01/0111990
uWam
122 Loans $7,831,086.61
rln~mn an Pn01 Incurcz101J3111990
h - 20 Clalms $230,463.00
NCNB TEXAS NATIONAL BANK
Trustee
Thfo is for your Information only Wb are providing this In response to nuns arous requests for the release
of this data, in order that we might make It available to all bondholders, without priority.
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NOTICE OF CALL FOR
REDEMPTION OF BONDS Clfi' i
July 17, 1990 CITY td!ri.,;:c
DENTON COUNTY HOUSING FINANCE CORPORATION
MULTIFAMILy HOUSING REVENUE BONDS
(CFRTIFICATE OF DEPOSIT PROGRAM)
SERIES 1982-A, DATED DECEMBER 1, 1982
DENTON SAVINGS ASSOCIATION
1
1 Pursuant to the terms of Section 3.01 of the 'T'rust Indenture by and
between the Denton County Housing Finance Corporation and NCNB Texas
National Bank, Successor to First RepublicBank Fort Worth, N.A. (formerly
the First National Bank of Fort worth', notice is hereby given that the entire
{ principal amount of $15,565,000.00 of fully registered bonds shall be called
for redemption on July 17, 1990, at pa! plus accrued interest to said date.
The manner of shipment of your bond(s) is at your discretion, however,
we suggest transmittal by insured or registered mail. Said bonds should
be presented for payment at the Corporate Trust Office of NCNB Texas
i National Hank to either address listed below on July 179 199n, after which
date no further interest shall accrue or be paid on said bonds.
Mail to: NCNB Texas National Bank
P.O. Box 830501
Dallas, Texas 75283-0501
Deliver to: NCNB Texas National Bank
1025 Elm Street - 9th Floor
Dallas, Texas 75202-3112
Dated: July 2, 1990
NCNB TEXAS NATIONAL BANK
Trustee
N0TICF.
Withholding of 20% of gross redemption proceeds of any payment made
within the United States may be required by the Interest and Dividend Tax
Compliance Act of 1983 unless the Paying Agent has the correct taxpayer
identification number (social security or employer identification number)
or exemption certificate of the Payee. Please furnish a properly completed
Form W-9 or exemption certificate or equivalent when presenting your
securities.
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~ PIU'PICF OF CALL FOR
RFDBmjjTION OF BONDS
April to 1990 l
DJ3NTON cO Y IIOUS NUSRFYFNUF RI?FUNDING BONDS
i~1UL
FSLIGINSURFI) CFR`f'IFICATF. OF DFPOSIT pItOGRA
(AI,AMO SAVINGS ASSOCIATION OF TFXAS -
3 1988 PHASE I PROJFrT)
POST OAK HIDGF APARTMF.N
CUSIP NUMBER 248795 AF 3 I
r,
and
N1 by
Pursuant to the terms ofliSection 3 03 of the `Crust Indenture
Finance Corporation and NCNB notice exas
between the Denton County
225+000.00 of fully
National Bank, Successor to First RepublicBank Port Worth, par ,lus
principal amredemptionount on of April $6,1, 1990, at l
hereby given that the enti d for
S»
~ registered bonds shall be cane
accrued interest to said date our discretion, however,
The manner of shipment of your bond(s) is e y
insured or registered mail. Said bonds should
transmittal by orate Trust it 1 office 990Naflte Texas
µ7e suggest r which
payment at the Coro ril ,
ow on April
be presented for on said ponds. to either aress datNational no fcrBank iper interest shall accrue ordbe paid
,
Mail to: NCNB Texas National Bank
P,O, Box 830501
Dallas, Texas 75283-0501
Deliver to. NCN13 Text's eat _tionat9thBa17
102,5 Elm Stre i
Dallas, Texas 75202-3112
' Dated. Marcls 29 1990
NCN13 TFXAkNATION At, BANK
KOTII
rocoed» of any Payment made
Withholding of 201 of gross redemption p the interest and Dividend Tax
within the United States may be required by Agent has the correct taxpayer
Cortp toyer Identification ompleted
Hance Act of 1983 unless the Paylg furnish a properly the Payee, Identification nu (social security please amp resenting your
mber
or exemption certifica lrtificatc a equivalent when p
l+orm 11'-9 or exemption ce
securities.
4w QP
NC11CE OF CALL, FOR
REDEMP11ON OF BONDS R -PUN ON
July 1, 1990 C41Y BlA1ldGF8S OfFIC,F. _
DENTON COUNTY HOUSING FINANCE CORPORATION
SINGLE FAMILY MORTGAGE REVENUE BONDS
SERIFS 1984, DATED 7/15/84 f
Pursuant to the terms of Section 3.01 of the Trust indenture by and between the Denton
Canty ]lousing Fin-nee Corporation and NCN13 Texts National Bank, Successor to First
RepublicBank Fort 'North, N.A. (formerly InterFirst Bank Fort Worth; N.A.), notice is
hereby given that $486,787.55 principal amount of fully registered bonds shall be called
for redemption on July 1, 1990, at par plus accrued interest to said date on Current Interest
Paying Bonds and tit the compounded amount on Compound Interest Bonds.
In accordance with the provisions of the Indenture, the 'trustee has selected by lot
r the following numbered bonds and amount from each bond called for redemption:
CURRENT INTEREST PAYING BONDS
Maturity Interest Bond Amount Maturity Interest Bond Amount
Date -Rate Number Called Date _ Rate Number Called
CUSIP NUMBER 248796 BP 8 CUSIP NUMBER 248796 CB 8
1/1/1991 9.59% RAP 268 $ 5,000 1/1/1997 10.75% R 1939 $ 5,000
CUSIP NUMBER 248796 BQ 6 R 2050 5,000
7/1/1991 9.50% R 2064 5,000 CUSIP NUMBER 248796 CD 4
CUSIP NUMBER 248796 BR 4 1/1/1.998 10.90% R 2018 50000
1/1/1992 9.75% R 2056 50000 R 2054 51000
CUSIP NUMBER 248796 BS 2 CUSIP NUMBER 248796 CF 9
7/1/1992 9.75% RBS1135 51000 1/1/1999 11.00% R 1700 51000
CUSIP NUMBER 248796 BT 0 R 1884 5,000
1/1/1993 10.00% R 2061 5,003 CUSIP NUMBER. 248796 CN 2
CUSIP NUMBER 248796 BU 7 1/1/2011 11.75% DR 652 59000
7/1/1993 10.0096 RBU1248 59000 DR 676 5,000
RBU1262 59000 DR 678 5,000
CUSIP NUMBER 248796 BV 5 DR 816 5'000
1/1/1994 10.20% R 1845 50000 DR 882 51000
CUSIP NUMBER 248796 BW 3 DR 888 10,000 '
7/1/1994 10.20% R 1657 51000 DR 897 50000
CUSIP NUMBER 248796 BX I DR 898 2809000
1/1/1995 10.40% R 1970 5,000 R 1918 51000 `
CUSIP NUMBER 248796 B7. 6 R 1924 51000 l
1/1/1996 10.60% R 1760 5,000
R 2039 5,000
COMPOUND INTEREST BONDS
'total Total
Maturity Bond Value Compounded Maturity Bond Value Compounded
Date Number Called Amount Date Number Called Amount
CUSIP NUMBER 248796 BY 9 CUSIP NUMBER 248796 CO 7
7/1/1995 RBY 32 $ 5,000 $ 20962.05 7/1/1999 RC0386 $ 51000 $ 1,867.15
R 1290 51000 21962.05 R 1,411 51000 11867.15
CUSIP NUMBER 248796 CA 0 R 1761 51000 1,867.15
7/1/1996 12 1296 51000 20629.85 CUSIP NUMBER 248796 CH 5
R 1763 51000 29629.85 7/1/2000 R 1326 5,000 10657.80 1
CUSIP NUMBER 248796 CC 6 R 1744 5, 000 1, 057.80
7/1/1997 R 1515 5,004 2,339.45 R 1757 50000 10657.80
R 1688 5,000 21339.45 CUSIP NUMBER 248796 CJ 1
CUSIP NUMBER 248796 CE 2 7/1/2001 R 1432 59000 10469.15
71/1/1998 R 1314 6,000 21090.95 R 1748 59000 11469.15
R 1610 5,000 21090.95 R 1771 5,000 1,469.15
R 1653 5,000 2,090.95
COMPOUND INTEREST 13ONDS
Total Total
Blaturity Bond Value Compounded Maturity Bond Value Compounded
Date Number Called Amount Date Number Called An10Uht
CUSIP NUMBER 248796 CK 8 r
CUSP NUMBER 248796 CP 7 J
7/1/2002 RCK 600 $ 5,000 $ 11209.50 1/1/2016 CR2445 $ 59000 $ 241.20
IICJ1725 5,000 1,299.50 CR2451 10,000 482.40
R 1750 5 , 000 1,299.50 CR 2457 10, 000 482.40
CUSIP NUMBER 248796 Cl, 6 CR2459 15,000 723.60
7/1/2003 RCL 772 51000 11147.35 CR2460 25,000 11206.00
11 1752 5,000 1,147,35 CR2.461 5,000 241,20
R 1758 5 , 000 1 ,147.36 CR 2462 209000 964.80
CUSIP NUMBER 248796 CM 4 CR2463 50,000 2,412.00
7/1/2004 R 1570 5,000 1,011.05 CR2464 30,000 19447.20
R 1592 5,000 11011.05 CR2465 95,000 4,582.80
R 1755 59000 1,011.05 CH 2466 150000 723.60
CUS1P NUMBER 248796 CP 7 CR 2467 10,000 482.40
1/1/2016 CR 2174 5,000 241.20 CR2470 51000 241.20
CH 2175 5,000 2,11.20 CR2472. 20,000 964.80
CR 2206 51000 241.20 CR2475 15,000 723.60
CR 2242 5,000 241.20 CR2477 5,000 241.20
CH 2313 5,000 241.20 CH 2478 10,000 482.40
Cl? 2315 5101)0 241.20 CR 2484 5, 000 241.20
CR 2354 5,000 241 .20 CR2486 5,000 241.20
CR 2355 51000 241.20 CR2487 51000 241.20
The manner of shipment of your bond(s) is at your discretion, however, we suggest
transmittal by insured or registered mail. In the case of any bonds which are registered
for tin amount in excess of the called amount, the balance of that amount will be re-issued
and returned along with it check for the called amount.
Said bonds should be presented for payment at the Corporate Trust Office of NCNB
Texas National Bank to either address listed below on July 1, 1990, after which date
no further interest shall accrue or be paid on said bonds.
Mail to., NCNB Texas National Bank
P.O. Box 83050,
Dallas, Texas 75283-0501
Deliver to: NCNB Texas National Bank
1025 Elm Street - 9th Floor
Dallas, Texas 75202-3112
Dated: June 19 1990
I II
j' NCNB TEXAS NATIONAL BANK
Trustee
C NOTICE
Withholding of 20;1 of gross redemption proceeds of any payment made within the
United States may be required by the Interest and Dividend Tax Compliance Act of 1983
unless the Paying Agent hits the correct taxpayer Identification number (social security
or employer identification number) or exemption certificate of the Payee. Please furnish
a properly completed Form W-9 or, exemption certificate or equivalent when presenting
your securities.
AENTOIIL COUNTY HOUSING
MORNGAGFINANCE E R VENUE BONDS ON ! I~~
SING
SERIES 1980, DATED 11/1,'SO
Bonds Outstandin as of 12,/1 89 - ,TV QT tl
$15,140,000.00
All reserve funds are intact and invested per investment Agreement with Citibank, N.A. dated
December 1, 1980•
Flistory~ Tendered Bonds
Cul! llistor
pate Tdered-__-_ou~
30,000
Date mount of Call 105,000
12%01%85
$ 24_
245, ,000
08 12/01/87 $ 905,000
/01/82
0/83 $ $ 26545,,000 000 112/01/88 2/01/89 $ 350,000
12/012/01/83 $ 130,000
06/01/84 $ 290,000
12/01/84 715,000
12/01/85 $ 5,000 Delia uenc Infer 0n as of 12/1/89
06/01/86 $ 26 1,110,000 13 Loans 599'799,23
12/01/86 $ 30 Days 8 Loans $ 401,718.44
52
06/01/87 $ $ 21,,120260,,000 11260,000 60 90 Days 5 Loans $ $ 555,000
06/ In Foreclosure 9 Loans $ 285 450,6U0976..05
12/01/87
06/01/88 $ 240,000
12/01/88 000
$ 535,
08/01/89
12/01/88 $ 295,000
!
nnnrtgK[~e Rate - 11.35:
Outs~noort a to Balance as of 12/1189
245 Loans $11,601,959.37 r
J
Claims on y! Insurance_us of 12/1/89
Caaitns $ 321096.00
NCNB TEXAS NATIONAL BANK
Trustee
requests for the
wo are providln[ this in response to
release ble to ail! bondholders, without Priority-
.
This is for your lnformat only numerous of this data, in othat we might make It availa
Mop
,y
1
NOTICE OF CALL FOR
REDEMPTION OF BONDS
April 1, 1990
DENTON COUNTY HOUSING FINANCE CORPORATION
SINGLE FAMILY MORTGAGE REVENUE BONDS 1
SERIES 1982, DATED MARCH 1, 1982 i
Pursuant to the terms of Section 3.01 of the Trust Indenture by and between the Denton
Ceunly >iouslnq Finance Cr ofatlon and NCNB Texts Notional Bank, Successor to Is
1 RepublicBank Fort Worth. N A (formerly the First National Bank of of Fort Worlhl, 1I Is
i hereby given that 5130,000.00 Princlpal amount of fully registered bonds shell be celled for
redemption on April 1, 1990, al par plus accrued Interest io said date.
In accordance with the provLoons of the Indenture, the Trustee has selected by lot the
lollowing numbered bonds and amount from each bond celled for rodompUon:
Maturity Intereel gland Amount
I
Nu6bn C1 Dale -RAto Number called
1
248796 AV 6 41.101 12.35 % no 178 5.000
241198 AW 4 4.1,1992 12.60 Y nN 242 85,000
,000
246796 AX 2 4.1.1993 12,9o f0 229 5,000
248795 AY 0 4.111994 43.10nJ 279
248796 glA 1 4.1.2004 13.526% RL 1879 10.000
AL 1887 5,000 J
RL 1694 5.000 1
RL 4905 6,000
I f RL 1908 10,000
AL 1907 10.000
nL 1908 6,000
The manner of shipment of your bond (sl Is et your cilsvetlon, howover, we suggest
8o amount inyoxce Insured the registered amount ntheebalancefof or. bonds a mount will be re-issued alnd
returned along with a check for the called amount.
Said Wnds shoutd be presented for payment at the Corporate Trust Office of NCNB
annexue h or a paid on listed s18 elow on April 1, 1990, after which dale no
loxes Natiiona Ban to
further
Interest Mall to; p Notional Bank
0. Box 830Ot
Dallas, Texas 75283.0501
Deliver to: NCNB Texas Notlenal Dank
1025 Elm Street - 9th Floor
1 Dallas, Texas 75202.3112
I Dated! March 2, 1990
I NCNB TEXAS NATIONAL BANK
Trustee
NOTICE
Withholding of 20% of gross redompptlon proceeds of anyy pa ni made within the
United States may be required by Ilia Intorest and Dividend !ax Compllanco Act of 1983
unless the Paying Agent has the correcf taxpayer Identification number asocial security or
r employer Identification number) or oxemptlon certificate of the Ps ee, Please furnish a
youi p rr ety completed Form W-9 or exemption certlllcats or equlvalent when presenting
D)T3
I~
MAR 5 !qp1 , I it
I
Jj
01 of k a rl'f"
DFNTON COUNTY IIOUSINCI FINANCR CORPORATION 1 RFVHNU SINCLF. FS IL S M9 RTGA i) 3/15 g5 F BONDS \
MAR
Bonds 0utstandin as of 9/1 89 it
CUIIRFN'r INTFRF3'r BONDS
Interest Principal
Principal illa Rate Outstandin
llltiturity interest Date e - -
Date Rate Outstanding
8.80% $ 255,000
9/1/1994 310,000
3/1/1990 7,90% $ 215,000 3/1/1995 8.90% 330,000
9/1/1990 7.90% 200,000 3/1/1996 9,20%
170,000 9.40% 275,000
3/1/1991 8.25% 3/1/1997 305,000
9/1/1991 8,25% 230000 3/1/1998 9.50%
8.50 % 1901000 9.60% 330,000
3/1/1992 260,600 3/1/1999 9.70% 360,000
9/1/1992 8.50 % 3/1/2000 4,830,000
3/1/1993 8170% 300220,,000000 9/1/2,005 10.00 % '
8.70%
9/1/1993 265,000
3/1/1994 8,80%
COMPOUND INTF.RFS,r BONDS
~IATURFD VALUE
Maturity Principal
Principal Oatstandin
maturity Outstanding Date_
Date _ $ 355,000
$ 365,000 9/1/1999 3600000
9/1/1995 360,000 9/l/2000 15,000,000
9/1/1996 360,000
9/1/1997 355,000
9/1/1998
are intact and invested per investment Agreement with Citicorp, N.A. dated
All reserve funds
April 11, 1985-
Delin uenc Information }at!°n as °f- 9
Call-!21 tor 10 Loans $ 576,191.56
30 Days 2 Loans $ 71,482.80
Date Amount
3 j 8 26 .Call38 60 Days 1 Loan 64,938.85
5/1/86 11,4238 90 Days 166, $ 1,35.19 In Foreclosure 9 Loans $ 426,790.82
' $ 513335838-.119
5113 3i
3/1/87
9/1/87 $ 176,88,38895..191
3/1/88 $ 374,927.80 - 10.80%
9/1/88 $ 231,118.10 M ort a e Rate
3/1/89 $ 401,047.86
9/1/89
r
uutstandin Mora. e0BBa-llance as
134 of
X10>297,
oat insurance on this bond program. The bonds are insured under tyre Municipal Bond
G 1, 1985.
p
uaranty insurance Policy with Municipal Bond Insurance i~AI.iDANKdeted April 1
There is no NCNB TEXAS ee
',his is for your information only. lYe are providing this in response to numerous requests for the
release of this data, in order that we might make it available to all bondholders, without priority.
i
air
~VNOTICE OF CALL FOR
REDEMPTION OF BONDS
March 1, 1900
DENTON COUNTY HOUSING FINANCE CORPORATION
SINGLE FAMILY MORTGAGE REVENUE BONDS
SERIES 1966, DATED MARCH 15, 1905
Pursuant to the terms of section 3.01 of the Trust Indenture by and between
the Donlon Count HousinRRgg Finance CorrFPporalion and NC 1ND Texas NAllonal epu Bsnk~FortcWorth. N.A.),, notice is herein giventthat $523,11222 pr uolpal amount
plus leccroed interest bondsto satdidale oo Gu~ren llntertest Payln9rUonds ay d at ttoo ,
compounded amount on compound interest Bonds.
In accordance with the provisions of the Indenture, the Trustee has selected
by 101 the Ioliowing numbered bonds and amclmt from each bond called for
redemptlon:
CURRENT INTEREST PAYING BONDS Bend Amount
MAN I lty InlareN Number Called
Meturlry intarlel Bond Amount Date _Rala_ _
ONI Rata Number CUled 06giP NUMBER 24019) AU 6
CUSIP NUMBER 218791 AJ 17 3,1,1996 9.20 864 6.900
9.1. 1990 7.9D% 181 5.000 3132 150000
.000
4042 5,000 4129
CUBIP NUMBER 20107 Ax 8 CU 91P NUMBER 218197 AW 2
5000
_
3.1.1991 6.25!: 4904 5 5.000 &11991 940". 4100 10,000
CUS1p NUMBER 240797 At 6090 5,000 CUBIP NUMBER 218791 AT 6
9L1401 B2Y< 311098 9.50°• 3130 5•~
6011 5.000 fi06 5,000
CUSIP NUMBER 241791 AM / 3735 5.000
3-1.1492 8.60". 3697 5.000 Cu91P NUMBER 246797 SA 9
3704 5.900 666
3.1 1999 9 60°
3 15,000
C1161P NUMBER 240191 AN 2 5.000 3010
9 1.1942 B 50°'+ 3593 CUBIP NUMBER 248797 BC 5
000
901 6 1013 5.000 3121100 0.70°4 3216 3680 55000
.000
1
CU5IP NUMBER APT 140526 5000
0 5.000
35.1993 8,10% 0ti 2006 5000
5.000
Cu SIP NUMBS 1197 BE I
CUSI9 HUMBER 216791 AO 6 9.1.2005 0.0Oti 34604 ry O~QO
9.1.5993 670% 3844 55.000 ,000 3609 5.000
3746 15.000
CV41P NUMBER 240117 AR3831 5.000 3854 SA00
31.1994 a W. 885 5,000 5932 5.000
3129 5.000 4018 5,000
4105 6,000 4111 30,000 5000
CLLBI9 NUMBER 216797 BOJ4 5 ~ 4„4 35 DOD
I 9.1.1891 090'b 4115 65,000
4143 5800 4516 115,000
0,000
CU91p NUMBER 2079/ AS 1 4111
3•L1995 a.90% 3537 6.000 4119 5,000
3913 5,000 4120 40,000
4105 $,000 4160 6,000
i
COMPOUND INTEREST BONDS Total
Total Malumv Rend Val" Compounded
Maturxy Sa1d VPI" conpounded Dale NVmber
CUa ta Calved .-Alnounl -
Dols Number Coiled . _
Amount - NUMSEmb e r 828 .r
CUSIP NUMBER 28797 AT / 9.19999 2169 5,000 2,226.06
9.1105 1458 $ 000 3,064.79 2285 1000 4452.16
i 1516 5,000 3,OB4,79 C0511, NUMBER 241797 Be 7
2016 5,000 3.064.19 9.1.1999 1623 6 DOD 2005.74 6.000 3,064,78 2,005,74
CUBIP NUMBER 211191 AV A 244 400000 2,005.74
9•L 1996 313 6,000 2,751.02 CUSIP NUMBE 244191 03
2,751,82 1,812.74
2162 6000 6,503.64 9'1 .,.ON 3.625.48
2238 10000 811 10,E 4.6 5.48
CUSIP NUMBER 20197 Ax 0 2.414 .04 2312 Q 74
9.1.1991 2252 6,000 2,474,84
2201 5.000 2,474.64
2310 6,~ 247484 '
2335 6.000
The manner of shl9mo~t of your bond(s) Is at your discretion, however, we
suggest transmittal by `nsurod or registered mail, In the case of any bonds which ss Of
arnouni
e Of 9mreitered
befre•1 suedoand returned alongB thl adcheck for tthe he Celled am ount,
Said bonds should be presented lot payment at the Corporate Trust Otlice
1090.
of NB
aftecwhich Texas no tllurtheraIneresttshall accrue oir be pbelow on aid on Said rbondsd
Mall W NCNB Texas Ntl10n11 Bonk 041NO IM NCNB Taea% Netlmal Bank
Y.O. Sox 830601 1025 elm 6u Bet75202- 9th rw
` D414 S, Ta48e 762&70501 05435. T(i .3112
I[7 Dated' February 1,1090
i NCNB TEXAS NATIONAL BANK
True180
ND7,CE p qq D
Withholding of of ag,ross y bredemption ptheeinterest An d BOlvldend Tax I
within the e United States
may be require paying b by ess IdentlllcellonAnumf 193 ber9 9loclalI secu ity~~toyer denffl-~allonenumberr) yor rrb a~
exemption certitlcale of the Payee. Please furnish a properly completed Form W FE B
G
9 or exemption cerllficate or equivalent when presenting your' se_ ou_ r~tlee.
CIiY b}pp p(;ERS ~FflCE,_
DFNTON COUNTY IIOUSING FINANCE CORPORATION
SINGLE FAMILY MORTGAGF RFVFNUF BONDS
SERIFS 1981, DATED 7/15/84
r~
Bonds Outstanding as of 7/1/89
° CURRI?NT INTEREST BONDS if1
Maturity Interest Principal
Maturity Interest Principal )hate Rate 0 utstandin
Ditto Rate Uukstandi~ - °
1/10990 9.2590 $ 85,000 1/1/1994 10.20 96 $ 85,000 9.2540 90,009 7/1/1994 10.20% 110005,000
000
7/1/1990 900000 1/1/1995 10.40% +
1/1/1991 9.509
7/1/1991 9.50% % 110,000 1/1/1996 10.60% 120,000 r 110,000 1/1/1987 10.75% 125145,000
,000
1/1/1992 `)•7 5 120,000 1/1/1998 10.90%
7/1/1992 !1.00% 1/1/1999 11.00% 165,000
14205,,000000 1/1/2011 11.7546 51440,000
7/1/1991/1/19933 1100.. 00 0090 % 120,000
COMPOUND INTEREST BONDS
MATUREM VALUE
Maturity Maturity Principal
Principal Outstandieg
Maturity
Ditto Outstanding Date
7/1/2601 $ 255,000
7/l/1995 $ 170,000 7/1/2002 260,000
7/1/1996 180,000 7/1/2003 260,000
7/1/17/1/1997 998 200205,,0 0000 7/1/2004 260,000
0
7/1/1999 2059000 1/1/2016 61640,000
7/1/2060 215,000
J
Mercantile National Bank at Dallas (MBank Dai]asA dated July 15,n1984 with Bank One, 'texas, N.A. (formerly
Delin ncInformation asof
Call History
Amount of Call 30 Days 14 Loans $ 790,472.60
Date 60 Day's 4 Loans $ 204 '.057.29
.13
2/1/8 6 ? 1 , 8 14 ,7 15. 35
f $ 1,187,008.20 90 Days 11 Loans $ 3 64321,,758158.65
7/1/87 t/1/87 $ 2,1320587.20 In Foreclosure 9 Loans $
1/1/88 $ 1,1300879.05
7/1/88 $ 263,943.80
1/1/89 $ 531,661.20 Mortgage Rate - 12.00%
7/1/69 $ "72,613.45
Outstandin Mort a e Balance us of 7/1/89 Mtya oans 8,4r)
77'j483.64
Claims on Pool Insurance as$of 7'598,670.00
NCNB TFXAS NATIONAL DANK
TrUatee
This is for your information onlyeproviding
iit aviailnble to all bon dh olders, witho tspriorilty.
release of this data, in order that we lnight m
k
' t
NOTICE OF CALF. FOR 1 !j
REDEMPTION OF BONDS CI'iYOFfi IINO1
January 1, 1990 CITY N!"JJGtiiS 01FIf,F.
DENTON COUNTY MOUSING FINANCE CORPORATION
SINGLE FAMILY MORTGAGE REVENUE BONDS
SERIES 1984, DATED 7/15/84
pursuant to the terms of Section 3.01 of the TrUSt Indenture by and between the Denton
County Efousing Finance Corporution and NCNB Texas National Bank, Successor to First
RepublicBank Fort Worth, N.A. Uormerly InterFirst Funk Fort Worth, N. A,), notice is
hereby given that $530,214.80 principal amount of fully registered bonds shall be called
for redemption on January 1, 1990, at par plus accrued interest to said date on Current
Interest Paying Bonds and at the compounded amount on Compound Interest Bonds.
In accordance with the provisions of the Indenture, the 'T'rustee has selected by lot
the following numbered bonds and amount from each bond called for redemption:
CURRENT INTEREST PAYING BONDS
Maturity Interest Bond Amount Maturity Interest Bond Amount
Date Rate Number Called Date Rate Number Called
CUSIP NUMBER 248796 BN 3 CUSIP NUMBER 248796 BX 1
7/1/1990 9.25% It 2Oa6 $ 5,000 1/1/1995 10.40% R 2009 $ 51000
CUSIP NUMBER 248796 13P 8 CUSIP NUMBER 248796 BY, 6
1/1/1991 9.50% R 1893 5,00() 1/1/1996 10.610% RB% 572 51000
CUSIP NUMBER 248796 BQ 6 R 1709 51900
7/1/1991 9.5046 R 1877 6,000 CUSIP NUMBER 248798 CB 8
CUSIP NUMBER 248796 BR 4 1/1/1997 10.75% R 1885 50000
1/1/1992 9.75% R 2020 5,000 R 2023 5,000 j
CUSIP NUMBER 248796 BS 2 CUSIP NUMBER 248796 CD 4
7/1/1992 9.7596 R13S1153 5,000 1/1/1998 10.90% It 2024 10,000
R 2035 5,000 CUSIP NUMBER 248795 CF 9
CUSIP NUMBER 248796 BT 0 1/1/1999 11.00% RCF 827 50000
R 1823 5,000
1/1/1993 10. 00% R 2033 51000
R 2034 5,000 CUSIP NUMBER 248796 CN 2 CUSIP NUMBER 248796 BU 7 1/1/2011 11.7590 DR 889 5f000
7/1/1993 10.00°o R 2022 5,000 DR 894 3350000
DR 895 5,000
It 2029 5,000 DR 898 5,000
CUSIP NUM13FR 248796 BV 5 R 1925 5,000
I/l/1994 10 .201,Y) R 1992 ),000
CUSIP NUMBER 2485'96 BW 3
7/1/1994 10.20% R 3661 5,000
COMPOUND INTEREST BONDS
Total Total
Maturity Bond Value Compounded Maturity Bond Value Compounded
Date Number Called Amount Date Number Called Amount
CUSIP NUMBER 248796 BY 9 - CUSIP NUMBER 248796 CE 2 960.05
7/1/1998 It 1666 $ 5,000 $ 1,
7/1/1995 RE31' 51 $ 5,000 $ 2,810.95
RCJ 1't 1),3 5,000 2,810.95 7/1/1999 UNUM131IR 02448796 CU 7
000 5,303.10
CU51P NUMBER 248796 CA 0 r CUSIP NUMBER 248796 CH 5
7/1/1996 R 1297 97 9,00 2,492.7v 0 1,568.75
R 1299 5,000 0 2,492.75 7/1/2,01)0 R 1386 5Dp+ 11568'75
CUSIP NUMBER 248796
CC 6 RCJ 1733 5,0(10 1,
7 /1 /1997 RCC 211 11 5,000 2,215.90 it 1617 5,000 '568.75
It CC 217 5,000 2,215.90 CUSIP NUMBER 248796 CJ 1,389.55
R 1566 5,(1()0 2,215.90 7/1/2001 R t413 5,0011 1,389389..55
CUSIP NUMBER 2.48796 C1: 7. 1 R t('J 117712.2 2 55,,000 000 1
R 1., 515
7/1/1998 R 16'6`060 5,()00
1,980.05
.f
COMPOUND INTEH}'sST BONDS Total
Total Value Compounded
Compounded Maturity Band Amount
Value Dates - Number Called ~
[Maturity Bond rlmount
Date Number Called
CUSIP NUMBER 248796, C}' $ 227.25
CUSIP NUMBER 248796 CK 8 1/1/2015 CR2323 $ 50+00 227.25
$ 1,228.55 CI{23 5+000
, .Cis 227.25 .,3
7/1/2002 RCI( 682 $ 5,1100 1 2?.8
it 1486 5,000 CR2396 6,00 1 363.50
RGJ1724 5,000 L,228.55 C11 2420 351 0000000 227.25
1'228.55 C1t2421 0,
]{CJ 1735 `i,t)00 10 000 454. SO
CUSIP NUMFER 248796 G1, 6 (,It 2423 081.75 '
1 084 .20 CR 2426 15,000 909.00
7/1/2003 RCI, 778 ~~~0~ 1,084.20 GIt2427 20,000
1583 35,000 1,590.75
11 1678 6,000 1,084.20 CR2,128 , 2,727.00
5,000 1,084.20 CR242.9 60,000
r R lfi0fi 60,000 2,727.00
` CUSIP NUMBER 248796 CM 4 CFt243U g 090.50
5, DO() 954.95 CH 2431 O0, 000 227.25
7/1/21104 RG}1728 10,000 1,909.90 CR2433 5,000 i
1tCJ1729 954.95 51000 227.25
RCJ1730 5,000 CR2434 287,25
CR2438 5,(100
CUSIP NUMBER 248796 CP 7 ,154.50 , 000 227.25
1/1/2016 CR 2059 101(100 227 R 2447 55 000 227.25 1
cR 2139 000 .25 OR 2447 454.50
CR 2136 ),000 68L76 CR2448 10,000
10 5 000 227.25
CR 2181 5,000 227.25 GR2449 227.25
CR 2243 10,000 454'50 CR2452 5,009
?.27.25
59000
GR 2265 c
'
Your discretion, however, we suggest
bonds which are registerod
of and
hc t case
The mannerofship~neregisteredrmtojount, ld{In is
transmittal by insured
called amaunt,f that amount will be re-issue
l balance
an amount in,excess ~ chile cfore the till
ith and returned ala g
Said bonds should be pre.:nted for payment at he corporate `trust Office of NCNB
shall a either address be listd on saielow OR January 1, 1990, after wh ch date
Texas National 13ank to
rue or bonds.
no further interest
Mail to: N CN 3 Texas Bank
Dallas, Texas 75283-0501
Streettionyth Floor
Deliver to: N
1025 EAM C N13 Tex"s
Dallas, Texas 75202-3112
Dated: December 4, 1989
NCN13 TEXAS Trustee BANK
NO__ TIC1%
roceed- of any paymont tTtacie within the Act
}Vithltolding of 20% of gross reclemQtion p
Tax O
United states may be required by the Interest and lident ficstlonCnuimbernI oc al securi8ty
nS'dC-, the paying A;,ent has the correct taxpuy
ng
nti
or employer identlfieation number) or ecxemmption certificate of the Payee. Please furnish
a properly completed form 1V-9 or ex plion certificate or equivalent when prone
o l
y'OUl' SCCll1'ItiC4.
v
DENTON COUNTY HOUSING FINANCE CORPORATION
SINGLE, FAMILY MORTGAGE REVENUE BONDS
SERIES 1980, DATED 11/1/80 D T DEC
Bonds Outstanding as of 6/1/89
I FDfIJ~QN-M
$15,675,000.00
CfTY MItNAOERS OFFICE
All reserve funds are intact and invested per Investment Agreement with Citibank, N.A. dated
December 1, 1980.
Cuff History history of Tendered Bonds
Date Amount of Call Date Tendered Amount
06/01/82 245,000 12/01/85 $ 30,000
06/01/83 $ 265,000 12/01/87 $ 1650000
12/01/83 $ 45,000 12/01/88 $ 905,000
06/01/84 $ 130,000
12/01/84 $ 290,000
12/01/85 $ 715,000
06/01/86 $ 265,000 Delinquency Information as of 6/1/89 j
12/01/86 $ 111101000
06/01/87 $ 291200000 30 Days 24 Loans $ 1,0911652.93 {
12/01/87 $ 112600000 60 Days 3 Loans $ 128,416.66
06/01/88 $ 555,000 90 Days 8 Loans $ 400,809.48
12/01/88 $ 2409000 In Foreclosure 9 Loans $ 412,522.68
06/01/89 $ 5350000
Outstanding Mortgage Balance as of 6/1/99 Mortgage Rate - 11.35%
252 Loans $11,962,210.23
{
Claims on Pool Insurance as of 6/1/89
3 Claims $ 25,096.()0 1
NCNB TEXAS NATIONAL BANK
Trustee
,rhis is for your information only. We tire providing this in response to numerous requests for the
release of this data, in order that we might make it available to all bondholders, without priority.
lJ ~
OCT - 3 I C . C
DENTON COUNTY HOUSING FINANCE CORPORATIO s
VENUE BONDS I
SINGLE. FAMILY MORTGAGE RE
SERIFS 1982, DATED 3/1/82
Bonds Outstandin as of 4/1/89
CURRENT INTEREST BONDS
Maturity Interest Principal
Maturity Interest Principal Rate Outstanding
Oitstandin Date
Date Rate
4/1/1093 12.90 % $ 135,000
4/1/1990 12.10% $ 80,000 4/1/1994 13.10% 140,000
4/1/1991 12.35% 110,000 4/1/2004 13.625% 21190,000
4/1/1992 12.60% 115,000
i All reserve funds are intact arid invested Per Investment Agreement with Citicorp, N. A. dated
March 1, 1982.
i
I Delin uq ency Information as of 4/1/89
Callliistory ~ 6,282.26
6 Loans $ 27,639.26
30 Day's
Amount of Call
Date 60 Days 2 Loans $ 66
12,065,000.00 209,63'1.25
i
04/01/84 10%01/83 $ 4259000.00 90 Days 5 Loans $
l ,
10/01/84 $ 1,1451000.00 In Foreclosure 3 Loans $ 88 498.45
04/01/85 $ 5650000.00
10/01/85 $ 4159000.00 I
04/01/86 $ 1,370,000.00
10/01/86 $ 2,6709000.00 Mortgage Rate - 13.55%
04/01/87 $ 1,935,000.00
10/01/87 $ 845,000,00
04/01/88 $ 485,000.00
10/01/88 $ 5150000.00 1
04/01/89 $ 70,000-00
I
ir 30
OutstandingMort a e Balat colas of 4/1/ 89
77 Loans
Claims on pool Insurance as of 4/1/99
12 Claims 84,315.00
NCNB TEXAS NATIONAL BANK
TRUSTEE
This is for your information only. We are providing this in response to numerous requests for the
release of this data, in order that we might make It available to all bondholders, without priority.
1
I
SEP 121989
NOTICE OF CALL FOR CI 0l N
11EDEMPTION OF BONDS CIIY h1AUA0EA5 OFI iCE.,._... I
September 26, 1989
DENTON COUNTY HOUSING FINANCE CORPORATION
MULTIFAMILY HOUSING REVENUE
(CERTIFICATE OF DEPOSIT PROGRAM)
SERIES 1987-B, DATED DECEMBER It 1982
SAVERS FEDERAL SAVINGS AND LOAN ASSOCIATION
1
Pursuant to the terms of Section 3.01 of the Trust Indenture by and
between the Denton County }lousing Finance Corporation and NCNB Texas
National Bank, Successor to Firsl RepublicBank Fort Worth, N.A. (formerly
the First National Bank of Fort Worth), notice Is hereby given that the entire
principal n0 0 19891,IIl at par gl Pluseacoi° ed Inshall terestetoa
for redemption said
for on September 26
date.
The manner of shipment of your bond(s) is at your discretion, however, id bonds
should we suggest transmittal
atsthedCor mOfficeail. NCNB Texas
National for for payment
National Bank to either address listed below on September 269 1989, after
which date no further Interest shall accrue or be paid on said bonds.
Mail to: NCNB Texas National Bank
P.O. Box 830501
Dallas, Texas 75283.0501
8th Floor Bank
Deliver to: 35NCNB Texas 0 North St, Paul National
Dallas, 'T'exas 75201
Dated: September 11, 1989
i
NCNB TEXAS NATIONAL BANK
Trustee
NOw T__IC19
Withholding of 20% of gross redemption proceeds of any payment made
within the United States may he required by the rtheacorrectiaaxpayer
Compliance Act of 1983 unle.[s the Paying Agent
Identification number (social security or employer Identifficatio number)
or exemption certificate of the Payee. Please furnish a properly completed
Form 11-9 or exemption certificate or equivalent when presenting your
securities.
R rte" t --w-- _
DENTON COUNTY HOUSING FINANCE CORPORATION }
SINGLE FAMILY MORTGAGE REVENUE. BONDS S~P
SERIES 1985, DATED 3/15/85
IY I ~
1 _ MA AgRS Dff'ICE
Bonds Outstanding; as of 3/1/89 . .
CURRENT INTEREST BONDS
Maturity Interest Principal Maturity Interest Principal
Date Rate OutstandinE -Date Rate Outstanding
9/1/1989 7.60% $ 185,000 3/1/1994 8.80% $ 275,000 a
3/1/1090 7.90 % 225,000 9/1/1994 8.80% 265,000
9/1/1990 7.90% 210,000 3/1/1995 8.90% 320,000 I
3/1/1991 8.25% 1750000 3/1/1996 9.20% 345,000
! 9/1/1991 8.25% 240,000 3/1/1997 9.40% 285,000
3/1/1992 8150% 1957000 3/1/1998 9.50% 3150000
9/1/1992 8.50% 270,000 3/1/1999 9.6096 345,000
3/1/1993 8.70% 230,000 3/1/2000 9.70% 3750000
9/1/1993 8.70% 310,000 9/1/2005 10.00% 5,025,000
COMPOUND INTEREST BONDS
MATURED VALUE
Maturity Principal Maturity Principal
Date Outstandin _ Date Outstanding
9/1/1995 $ 380,000 9/1/1999 $ 370,000
9/1/1996 375,000 9/1/2000 375,000
9/1/1997 376,000 9/1/2011 150000,000
9/1/1998 3700000
All reserve funds are Intact and Invested per Investment Agreement with Citicorp, N.A. dated
April 11, 1985.
Call lllatory Delinquency Information as of 3/1/89
Date Amount of Call 30 Days 8 Loans $ 482,375.95
5/1/86 11,4230826.38 60 Days 1 Loan $ 71,134.78
3/1/87 $ 1,1651335.19 90 Days 1 Loan t 50,605.84
9/1/87 $ 513,838.15 In Foreclosure 11 Loans $ 412,017.60
3/1/88 $ 176,895.91
9/1/88 $ 374,927.80 M ertgage Rate - 10.80%
3/1/89 $ 231,118.10
Outstanding Mortgage Balance as of 3/1/89
167 Loans 101472,851.92
There is no pool Insurance on this bond program. The bonds are insured under the Municipal Bond
Guaranty Insurance Policy with Municipal Bond Insurance Association dated April 11, 1985.
NCNB TEXAS NATIONAL BANK
TRUSTEE
This is for your information only. we are providing this in response to numerous requests for the
release of this data, in order that we might make it available to all bondholders, without priority.
,
r
NOTICE OF CALL FOR
REDEMPTION OF BONDS
October 1, 1989
CORPORATION
HOUSING FINANCE DE gTION C FAMILY MORTQAQE REVENUE BONDS
SERIES 1982, DATED MARCH 1, 196
Ind between the Denton
rallon end indenture IBnk, Successor to First
Pursuant to the forme of Secpon 3.01 o f the NCNB TrusTexas t st in National
celled for
N A (lot riy the Him u by Nstlon0l 1381114 of Fort hall Wcr1 be lot nOt"Is
county HOpsln Finance Gorpo
gg cl aIBlue eccof fully registered d bond data'
the
harpeby cg9 enk 1al y2D0,0 dn
redempllon on October 1. 1099, at p plus
accordance with the provisions of the lndenlu the Trustee bas selected
numbered bonds and Amount from each bond called for redemption: ion: Amount
in
icllOwln9 lui Interest R4U el Nu_m_ber called
CumA
[)a[* - 5,000 FIF 233 N_- umhral 12.10 % sO 1 1 5.0
411.1990 12,75°b a6 5.000
/ \1 248796 AU 8 4,1.1991 ItB 187. 5.000
248i9B AV 8 a
12.so `b RN 199 6000
219798 AW 1 6.1.5992 RN 246 6A00
NI 152
248796 Ax 2 4•I.5983 12'90 % RI 227 Fl) 278 6,690
13.10 % 6,000
41.5994 n) 205 6090
248798 AY 0 13.026% RL 1852 6,00
4.62004 St. 1867 6,000
266799 B.4 1 RL 188t 5,000
RL 1882 15,000
RL I80 16.000
J RL IRR093 " 105,000
The manner of shipment of your bond(s) Is at your dViseretlon,l arer,egwe eug~f .
I r, the he beancAfol ih eemounwlAbe re-llsstwd and 00.0
sn amount bn insur d or re istler am all,
NCNB
returned along with a Check fe h°sd Co rporabs I~G+ ment at the (;0 r 1 1, 1989, afteOrMwhichidata no
Sold bonds should be P 9 low on October ,
NBUonal Bank to elther addeeeld On sa a bord6,
Taxes
Texasr nttrest shall accrue or be p
i
unth Mall nt NCNB Texas National Bank 1to: i
p,0. Box 9306Dt
Dallas, Texas 76293-0501
National
DaliWr lo: NCNB Texaa Bank
350 NorthSt. Paul - 8th Floor
Dallas, Texas 76201
Dazed: September 1, 1989 1
NCNB TEXAS ATI NAL BANK
Trustee
NOTICE
payment made wRhin the
of roes rademptwo proceeds of eny Y C Aance Act of 1993
y the correct tax interest and Dividend Tox bar sor'lal securlty of
Withholding of required b ayer ide ofntifwabOn (I
I r
Untied Stales maY pp furnIsti a
P iho
unbar the payln9 A9Ant has the axemPlwn Ce,yhoate e Yee • when e pesen 1ng
employer Identlf 8toln number) or xemplion certifwete or equ i
property completed Form W0 or a ` J
your securities.
r
~r
C SFP_~~
f
CiTYIMATIAGCRS (}F+
't
s
DENTON COUNTY ,LOUSING FINANCE CORPORATION
SINGLE FAMILY MORTGAGE REVENUE BONDS
SERIES 1984, DATED 7/15/84
Bonds Outstanding as of 1/1/89
CURI?ENT INTEREST BONUS
Maturity Interest Principal
Date Re Maturity interest principal
Outstanding Date
Rate Outstu_ nding
7/1/1989
1/1/1990 9,25% $ 95,000 1/1/1994 10.20% $ 950000
7/l/1990
c `95,000 7/1/1994 10,20%
1/1/1991 9.25% 100,000 1/1/1995 110,000
9.50% 100 000 10,40% 115,000
7/1/1991 9.50% 120,000 1/1/11/1/1997 996 1100.60% 1359000 % 7/1/1992 5,75% 120,000 .90% 0
1/1/1998 13,000
i/1/I993 9,75% 1`40'000 1/1/1999 11,00% 160,000 992 f I 7/1/1893 1D.00% 130,000 1/7/2011 11.75% 180,000
i 160,000 5,955,000
COMPOUND INTEREST BONDS
MATURED VALUE
+ Maturity
Date Principal Aaturity
Outsten ft Date Principal
7/1 /1995 Outstanding
7/1/1995 1851,000 7/l/2001 $ 280,000
7/1/1997 $ 195,000 7/1/2002
7/]/1998 220,900 7/1/2003 2851000
7/1/1999 2250000 7/1/2004 285,000 '
7/1/2000 225,000 I/]/2016 285,000
235,000 712701,000
All reserve funds are intact and Invested per Investment Agreement with Deposit Insurance Bridge Rank,
N.A. (formerly Mercantile National Bank at Dallas [MBank Dallas]) dated July 15, 1084,
Call i_ !story
Delinquency Information as of 1/1/89
Date Amount of Call
2//886 '11,614,715,35 30 Days 6 Loans $ 428,684.57
~ 1/1/87 60 Days
] Loan
$ 1,187,008,20 $ 730520,90
7/1/87 $ 2,132,587.211 90 Days 6 Loans $ 4271891.97
1/1/88 In Foreclosure 12 Loans $ 7150922.25
$ 1,130,879.05
7/1/88 $ 263,943,80
1/1/89 $ 5311661.20 ~'lortga~ ge Hato - 12.00%
Outstandin¢ Mort a e Balance as of 1/1/89
238 Loans 7 8o 262
Claims on Pool lnsurunceasofl/l/89
6 Claims ~ 52,15A.00 ;1 `i~ ~~j
NCNIS TEXAS NATIONAL BANK yy
7'ItUSTEIi I..._ CrlYrrtnrr, r,r;r;,Itr K...
This is for your information only, We are providing this in response to nttrnerous requests for the
rcleatse of this data, in ado{' {hut We might make it available to ali bondholders, without priority.
DENTON COUNTY HOUSING FINANCE CORPORA'T'ION
SINGLE FAMILY MORTGAGE REVENUE BONDS
SERIES 19840 DATED 7/15/84
Bonds Outstandin us kf 1/1/89
CURRENT INTEREST FONDS
Maturity Interest Principal Maturity Interest Principal
_Date_ Rate Outstanding Date Rato Outstanding
7/1/1989 9.00% $ 959000 1/1/1994 10,20% $ 95,000
1/1/1990 9.25% 95,000 7/1/1994 10.20% 110,000
7/1/1990 9,25% 100,000 1/1/1995 10.40% 115,500
1/1/1991 9.50% 100,000 1/1"1996 10.60% 1309000
7/1/1991 9.50% 120,000 1/1/1997 ?0.75 % 135,000
1/1/1992 9.75% 120,000 1/1/1998 10.90% 160,000
7/1/1992 9.75% 130,000 1/1/1999 11.00 % 180,000
(/1/1993 10.00% 130,000 1/1/2011 11.75% 5,955,000
7/1/1993 10.00% 1609000
COMPOUND INTEREST BONDS
MATURED VALUE ,
Maturity Principal Maturity Principal
Outstanding Date Outstanding
Date 1J
i 7/1/1995 $ 185,000 7/1/2001 $ 280,000
? 7/1/1996 195,000 7/1/2002 285,000
7/1/1997 220,000 7/1/2003 2859000
7/1/1998 225,000 7/1/2004 285100D
7/1/1999 2259000 1/1/2016 7,270,()00
7/1/2000 235,000
E All reserve funds are intact and invested per Investment Agreement with Deposit Insurance Bridge Rank,
N.A. (formerly Mercantile National Bank at Dallas (MBank Dallasl) dated July 15, 1984.
Cali Ilistoty Delinquency Information us of 1/1/89
Date Amount of Call 30 Days 6 Loans $ 428,884.57
2/1/86 11,614,715.35 60 Duys I Loan $ 73,520.30
1/1/87 $ 1,187,008.20 90 Days 6 Loans $ 427,891.97
7/1/87 $ 211320587.20 In Foreclosure 12 Loans $ 7150422.25
1/1/88 $ 11130,879.05
7/1/88 $ 263,943.80 Mortgage Rate - 12.00%
1/1/89 $ 631,661.20
Outstanding Mort age Balance as of 1/1/89
138 Loans 8,875,262.65
Claims on Pool Insurance as of 1/1/89
6 Claims $ 52,158.00 .)1h. +
5189 R
NCNB TEXAS NATIONAL 13ANK GlY (iF°UFtaI0';"i"
CITY fIANACEkS piFfCI?
TRUSTEE
This is for your information only. We are providing this in response to numerous requests for the
release of this data, in order that we might make it available to afi bondholders, without priority.
DENTON COUNTY HOUSING FINANCE CORPORA71 K f I
SINGLE FAMILY MORTGAGE REVENUE BONDS
SERIES 19809 DATED 11/1/80
JUN _ 5 1931
4'I 1
u W ITY 0 MR fUrl---
Bonds OutStanding as of 12/1/88 C CITY MANAURS OFFICE j
I
$16,820,000.00
All reserve funds are Intact and Invested per Investment Agreement with Citibank, N.A. dated
December 1, 1980.
~ t_or Delinctuency Information _as of 12/1/88
I
Call lii~
30 Days 17 Loans $ 743t292.81
l Date Amount of Call 80 Days 7 Loans $ 339,544.58
08 el 82 245,000 7 Loans $ 393,887.27 12/01/83 $ 45,000 In Foreclosure 9 Loans $ 451,861.93
08/01/83 $ $ 265, 000 90 Days
06/01/84 $ 130,000
f 12/01/84 $ 290,000
12/01/85 $ 715,000
06/01/86 $ 265,000
12/01/86 $ 1,1109000 Mortgage Rate - 11.35%
06/01/87 $ 21120,000
12/01/87 $ 1,260,000
06/01/88 $ 5559000
12/01/88 $ 11145,000
i
Outstanding Mort a e Halance as of 12/1188
261 Loans $12,488,511.08
lip
Claims on Pool Insurance as of 12/1/88
2 Claims $ 16,351.35
NCNB TEXAS NATIONAL BANK
Trustee requests
available to all bondholders, without p iority.
for 'Phis for is data, in order th ut we might ent providing
release of this
NOTICE OF CALL FOR
REDEMPTION OF BONDS
July It 1989
DENTON COUNTY HOUSING FINANCE CORPORATION
DATED REVENUE BONDS
SINGLE FAMILY MORTGAGE
7/15/84
SERIES
to the terms of Section 3.01 of the Trust Indenture by and between the Denton
Pursuant
County Housing Finance Corporation and NCNB 'Cexas National Dank, Successor to First 1
RepublicBank Fort Worth, N.A. (formerly InterFirst Dank Fort Worth, N.A.), notice is
hereby given that $772,613.45 principal amount of fully registered bonds shall be called
for redemption on July 1, 1989, at per plus accrued Interest to said date on Current Interest
Paying Bonds and at the compounded amount on Compound Interest Bonds,
thelfollowinga umbered bonds and amount from each bond called rfor redemption: by lot
CURRENT INTEREST PAYING BONDS
Maturity Interest Bond Amount Maturity Interest Bond Amount
Date Rate Number Called Date Rate Number Called
CUSIP NUMBER 248796 BX 1
CUSIP NUMBER 248796 BM 5
1/1/1990 9.25% R 1804 $ 10,000 1/1/1995 10.40% R 1967 $ 51000
R 2005 5,000
CUSIP NUMBER 248796 BN 3 CUSIP NUMBER 248796 B7. 6 i
7/l/1990 9.25% RBN1012 51000 5 000
RBN1028 5,000 1/1/1996 10.60% RBI. 563 5000
CUSIP NUMBER 248796 BP 8 R 1718 ~ 1/1/1991 9.50% RBP 264 5 r,000 CUSIP NUMBER 248796 CB 8 R 1730 51000 1/1/1997
10.75% R 1.896 59000
I
R 1982 5,000
CUSIP NUMBER 248796 BQ 8 CUSIP NUMBER 248796 CD 4
7/1/1991 9.50% R 1957 5,000
R 1958 59000 1/1/1998 10.90% R 1683 6,000 j
' R 1832 5,000
CUSIP NUMBER 248796 BR 4 R 1851 5,000
I /l/1992 9.76% R 1892 10,000 CUSIP NUMBER 248796 CF 9
CUSIP NUMBER 248796 BS 2 1/1/1999 11.00% RCF1553 5,000
7/1/1992 9.75% R 1983 5,000
R 1990 51000 R 1833 59000
4 ~ R 1889 x,000
CUSIP NUMBER 248796 BT 0 CUSIP NUMBER 248798 CN 2
1940 59000 1/1/1993 10.00% R 1984 5,000 1/1/2011 11.75% DR 169 5,000
DR 682 5,000
CUSIP NUMBER 248796 BU 7 DR 680 5,000
7/1/1993 10.00% RBU1251 5,000 DR 884 50000
R 1810 10,000 885 10,000
CUSIP NUMBER 248796 BV 5 DR
5100D DR 885 410,000
1/1/1994 10.20% R 1979 DR 887 6,000
R 1985 5,000 R 192E 5,000
CUSIP NUMBER 248796 BIN 3 5 000 R 1927 5,000
II/l/1994 10.20% R 1988 5,000
COMPOUND INTEREST BONDS
Total Total
Maturity Bond Value Compounded Maturity Bond Value Compounded
Date Number Called Amount
_Date Nmnber Called Amount
CUSIP NUMBER 248796 CC 6 Z X098 90
CUSIP NUMBER 249796 BY 000 $ 2)667.55 7/1/1997 R 1444 $ 5,000 $
7/1/1995 R 1769 5,
it 1700 10 ,000 50335.10 It 1508 5,000 2,098.90
. R 1578 5,000 2,998.90
CUSIP NUMBER 248796 CA 0 R 1703 5,000 2,098.90
7/1/1996 R 1293 5,000 20362.80
CUSIP NUMBER 248796 CE 2 10875.05
R 1
527 5,0110 2,362.80 7/1/1998 it 1466 5,000 I1 16639 39 5:0110 2,3G2.fl0
R 1549 000 11875.05
R 1693 10,000 3,750.10
-r W-
i
COMPOUNT INTEREST BONDS
Total Total
Maturity Bond Value Compounded Maturity Bond Value Compounded
Data Number Called Amount Date Number Called Amount
CUSIP NUMBER 258796 CG 7 CUSIP NUMBER 248796 CP 7
7/1/1999 RCG 399 $ 51000 $ 11673.55 1/1/2016 OR 2186 $ 5,000 $ 214.15
HOG 403 5,000 1, 673.55 CR 2187 51000 214.15
RCG 424 5,000 11673.55 CR2221 51000 214.15
RCJ1720 51000 1,673.55 CR2241 5,000 214.15
CUSIP NUMBER 248796 CIi5 CH 2251 5,000 214.15 l
7/1/2000 R 1625 5,000 1,484.50 C 82291 51000 214.15
R 1646 109000 2,969.00 OR 2317 10,000 428.30
R 1707 50000 1,484.50 CR2321 5,000 214.15
CUSIP NUMBER 248796 CJ 1 OR 2335 51000 214.15
7/1/2001 R 1629 5,000 1,314.35 CR2338 5,G00 214.15
R 1G95 20,000 5,257.40 CR2339 15,000 642.45
CUSIP NUMBER 248796 CK 8 OR 2340 51000 214.15
7/1/2002 It 1631 10,000 21323.00 OR 2341 45,000 11927.35
R 1632 50000 11161.50 OR 2342 259000 11070.75 i
M R 1684 10,000 2,323.00 CR2343 25,000 11070.75
CUSIP NUMBER 248796 CL 6 OR 2344 70,000 2, 998.10
7/1/2003 ROL 786 5,000 11024.50 CR2345 65.000 2,783.95
ROL 788 5,000 1,024.50 CR2346 160,0G0 61852.80
R 1344 5, 000 19024.50 OR 2348 160000 642.45
R 1614 109000 2,049.00 CR2349 10,000 428.30
CUSIP NUMBER 248796 CM 4 CR2352 51000 214.15
7/1/2004 R 1635, 51000 901.95 CR2353 5,000 214.16
R 1698 10,000 11803.90 CR2356 5,000 214.15
R 1699 10,000 19803.90 CR2357 159000 642.45 '
CUSIP NUMBER 248796 CP 7 CR2359 6,000 214.15
1/1/2016 OR 1900 15,000 642.45 CR2362 51000 214.15
OR 2036 51000 214.15 CR2369 10,000 428.30
OR 2079 50000 214.15 CR2371 51000 214.15
r OR 2133 5,000 214.15 CR2372 59000 214.15
OR 2135 5,000 214.15 CR2374 5,000 214.15
OR 2136 20,000 856.60 CR2401 5,000 214.15
OR 2185 5P000 214.15 OR 2404 51000 214.15
CR2418 51000 214.15
I
The manner of shipment of your bond(s) is at your discretion, however, we suggest
transmittal by Insured or registered mail. In the case of any bonds which are registered
for an amount in excess of the called amount, the balance of that amount will be reissued
and returned along with a check for the called amount.
Said bonds st.ould be presented for payment at the Corporate Trust Office of NCNB
Texas National Bank to either address listed below on July 1, 1989, after which date
no further interest shall accrue or be paid on said bonds.
Mail to. NCNB Texas National Bank
P.O. Box 830501
Dallas, Texas 75283-0501
Deliver To. NCNB Texas National Bank
360 North St. Paul - 8th Floor
Dallas, Texas 75201
Dated: June 1, 1989
NCNB TEXAS NATIONAL BANK
Trustee
NOTICE
Withholding of 20% of gross redemption proceeds of any payment made within the
United States may be required by the Interest and Dividend Tax Compliance Act of 1983
unless the Paying Agent has the correct taxpayer identification number (social security
or employer Identification number) or exemption certificate of the Payee. [']ease furnish
a properly completed Form w-9 or exemption certificate or equivalent when presenting
` your securities.
r
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r ~
l
DENTON COUNTY HOUSING FINANCE CORPORATION
SINGLE FAMILY MORTGAGE REVENUE BONDS
SERIES 1982, DATED 3/1/82
Bonds Outstanding as of 10/1/88
r CURRENT INTEREST BONDS
hlaturity Interest Principal Alaturity Interest Principal
Date _ Rate Outstanding Date Rate Outstanding
4/1/1989 11.60% $ 85,000 4/1/1993 12.90% $ 140,600
4/1/1990 12.10% 850000 4/1/1994 13.10% 145,000
4/1/1991 12.35% 110,000 4/1/2004 13.625% 21245, D 0
4/1/1992 12.60% 1209000 j
i
All reserve funds are intact and invested per investment Agreement with Citicorp, N.A. dated
March It 1982.
i
Call History Delinquency Information as of 10/1188_
Date Amount of Call 30 Days 5 Loans $ 192,021.48
10/01/83 12,065,000.00 60 Days 5 Loans $ 195,534.10
04/01/84 $ 4250000.00 90 Days 4 Loans $ 172,958.87
10/01/84 $ 131450000.00 In Foreclosure 2 Loans $ 71,648.09
i 04/01/85 $ 565,000.00
10/01/85 $ 415,000.00
04/01/86 $ 11370,000.00 Mortgage Rate - 13.55%
10/01/86 $ 23670,000.00
04/01/87 $ 19935,000.09
10/01/87 $ 845,000.00
04/01/88 $ 4859000.00
10/01/88 $ 515,000.00
Outstanding Mortgage Balance as of 10/1/88 n
81 Loans $ 3,265,609.91 - 4 I9$9
Claims on Pool Insurance as of 10/1/88 t
10 Claims 64,286.13 'rnYOFiir~„
fliYhtF.rG1:Rfi(.r!(t
NCNB TEXAS NATIONAL BANK
TRUSTEE
This is for your information only. We are providing this In response to numerous requests for the
release of this data, in order that we might make it available to all bondholders, without priority.
4qF
r
DENTON COUNTY ROUSING FINANCE CORPORATION 1
SINGLE. FAMILY MORTGAGE REVENUE BONDS
SERIES 1982s DATED 3/1/82
Bonds Outstandfngr as of 10/1/89 i
CURRENT INTEREST BONDS ~
Maturity Interest Principal Maturity Interest Principal
Date Rate Outstanding Date Rate Outstanding
4/1/1990 12.10% $ 800000 4/1/1993 12.90% $ 125,000
4/1/1991 12.35% 1000000 4/1/1994 13,10% 130,000
4/1/1992 12.60% 105,000 4/1/2004 13.62596 2,035t000
All reserve funds are intact and invested per Investment Agreement with Citicorp, N.A. dated
March 1, 1982. ,
Call History Dcllnquency_Lr~formation as of 10/1189
Date Amount of Call 30 Days 9 Loans $ 322,796.86
100/01/83 12,065,000.00 60 Days I Loan $ 370223.61 ~ 04/01/84 $ 425,000.00 90 Days 6 Loans $ 297,002.41
10/01/84 $ 1,145,000.00 In Forel,losure 2 Loans $ 980747.78
04/01/85 $ 5655 000.00
10/01/85 $ 4159000.00
0!/01/86 $ 113709000.00
10/01/86 $ 2,670,000.00 Mortgage Rafe 13.55%
04/01/87 $ 1,935,000.00
10/01/87 $ 8450000.00
04/01/88 $ 485,000.00
10/01/88 $ 5155000.00
04/01/89 $ 70,000.00
10/01/89 $ 200,000.00
Outstanding Mortgage Balanco as of 10/1/89 7~73 Loan,990,227.48
APR n 11;~
-
Claims on Pool Insurance as of 10/1/89
12 Claims 85+838.00 r
NCNB TEXAS NATIONAL BANK
Trustee
This is for your information only. We are providing this in response to numerous requests for the
reletise of this data, in order that we might make it available to all bondholders, without priority.
i
6
l
DFNTON COUNTY HOUSUTO FINANCE CORPORATIO
SINGLF FAMILY MORTC,AOF RFVFNUI; BONDS
IFS 1985, DATED 3/15/85 ID
SLR 2INA
i 11
CIYY Of in"t7r0 1
Bonds Outstxndit as of 9/1/88 CIlY ACi11;ciril~l MAN
CUIi11F:NT IN'PFRFST 130NDS
Platurlty Interest Principal
O utst^ ending
Pluturily Interest Prcncipui Rate
Date
Date Rate Outstandin ,
8.80°6 $ 280,000
r 3/1/1994 000
3/1/198c0 7.G0°6 $ 200,000 9/1/1994 80% 270,
c ,000
19U,000 325
9/1/1989 7.60% 2300011 3/1/1995 8.90% 355,000
3/1/1990 7.9096 , 3/1/1996 9.20 96
3/1/1 7.909) 215,000 3/1/1997 9.40% 290,000
9J0
3/1/1991 8.25 % 175,000 3/1/1998 9.50% 320,000 9/1/1991 8.2i`b 245,000 9.60% 355,000 ~
3/1/1999
8.5000 200 1100 3859000
3/1/1992 ' 3/1/2000 9.70% 5,1350000
I 9/1/1992 8.50% 275000 9/1/2005 10.00%
E 3/1/1993 8.7090 236,000
9/1/1993 8.7094 315,000
COA'SPOUNI) INT13R1iSi' BONDS
MATURED VALUE:
Maturity Principal
r A4aturity Principal Dxte~ Outstandln
Date Outsling
- $ 380,000
f $ 390,000 9/1/1999 385,000
9/1/1995 3859000 9/1/2000 159000,000
9/1/1996 385,000 91112011
9/1/1997 380,000
9/1/1998
ed per Investment Agreement with Citicorp, N.A. dated
All reserve funds are intact and Invest
April 11, 1985.
Delinquency Information x-3 0-f 9 1/88
Call History 30 Days 3 Loans $ 139,759.83
Amount of Call 60 Days 0 Loans -0-
Date 5/1/86 11,423,826.38 ll.oan $ 33,017.46
11165,335.19 90 Days 406,244.02
3/1/87 $ 513,838.15 In Foreclosure 7 Loans
9/1/87 $ 176,895.91 _ 10.80%
3/l/88 $ 374,927.80 M ort u e R ate
9/1/88
Outstandin€ ftlott~"~e Balance as of 9/1/88
172 Loans $10,990,668.80
Guaranty Insurxn nici~ rl Bond In inanb~e Association dated April ll, 198 Municipal Bond
Id p There Is no pool Insurance o+vithhiMu
C
I
NCNB TEXAS ONAL BANK
TRUSTEE
i for the
I
avullxble ipon 11 bondholders, withoutSpriority.
Phis I, for y°ucinformation
ordecotnirYt we mightproviding
i elettse of thrs. d
r
NOTICE OF CALL FOR
REDEMPTION OF BONDS
April 1, 1989
DENTON COUNTY HOUSING FINANCE CORPORATION
SINGLE FAMILY MURTOAGE REVENUE BONDS
SERIES 1982, DATED MARCH 1, 1082
Pursuant 1oiiia farms of r~iction3,01 oftha Trust IndanWro by and boiwuon Iho DOnton
Counly Nouri np finance Corporation and NCNB exas National [lank, Successor to it
RepublicBank Fort Wo,tlr• N.A (formerly the First National Bank of fort Wonhl, n0lico is
par l plus accrued of interest to said dale s shalt be called for
hereby on All 11,0189. principal
wing numbered bonds and Amount from each Indenture bond calleTrustee has d of rredom plion: by tat the
foll
a0nd Amount
MHudty Inlersel
mos Dell Pale Number Called
NunrY4r
246706 AW 4 4 1 1992 12 so ^a nil 219 5000
248706 A% 2 4•1-1993 12.90 Al 226 6•~
248796 AY 0 4.11994 $0.10 Rhi 298 L. 1277 s w
240796 BA 1 4.1.2007 13.625°6 RL 1000 500
RL 1805 40,000
nL 1888 6.000
The manner of shipment of yew bond(s) Is at your discretion. however, we suggest ,I
transmittal by insured or registered mall. In the rasa of An bonds which are rngislerod for
t along III excess of the call the called she balance of That amount will be
returned re ssuoA and amount.
Said bonds should be presented for payment at the Corporate 'trust Office of NCNB
on April I. 1909, after which date no
Texas Inl oral shall seen er be paid on listed eal below
bonds,
fa
"I Moll lo: NCNB Texas National Bank
P.O. Box 830501
Oallao, Texas 762830501
De liver lo: NCNB Texas Nat lonet Bank
Btn Floor
Dallas, Texas 76201
Delad: March 1, 10 119
NCNB TEXAS NATIONAL BANK
Trustee
NOTICE
Withholding of 20% or gross redemption proceeds of an paymeal made within the
United States may be rertuhod by the Inlereat and Dividend lax C0MOP"Iiancs Act of 1083
unless the Paying Agent has the correct Itolryel Identification number (social security or
employer Identification number) 07 exemption cenifteater of the Pa lentee. Please resents g
property completed Form W0 or exemption certificate or equiva when presenting
your securities.
i {
All 21989
~c
nckfr~oFrlr,E
v.
a
t'
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NOTICE OF PURCTIA813 OR REDEMPTION
FEB 2 1989
;!f !
~ ;69225,000
Denton County Iiousing Finance Corporation OILY pf"jjFidfol"" w
Multifamily Housing Revenue Refunding Bonds ^1 O^~^.AN BIERS ofr7..F.
FSLIC-Insured Certificate of Deposit Prcgram
(Alamo Savings Association of Texas - - Post Oak Ridge
Apartments Phase I Project) Series 1988
With respect to the Denton County llousing Finance Corporation (the "Issuer")
Multifamily blousing Revenue Refunding Bonds FSLIC-Insured Certificate of `
Deposit Progrcun (Alamo Savings Association of Texas - - Post OHk Ridge
Apartments Phase I Project) Series 1988 (the "Bonds") registered in your name
on the books kept for thut purpose by NCNB Texas National Bank, Successor
to First RepublicBank Fort Worth, N.A., as trustee (the "Trustee") under an
Indenture of Trust, dated as of Janufu'y 1, 1988 (the "Indenture"), between the
Trustee and the Issuer, you hereby are notified as follows, with all capitalized
but undefined terms as used herein to have the meaning assigned to such terms
in the Indenture:
1. The Bonds hold by you are subject to purchase upon tender to the
Trustee its hereinafter described on April 11 1989 (the "Remarketing Date").
Upon failure to deposit Available Aloney with the Trustee in an Hmount sufficient
to purchase any Bond properly tendered or deemed tendered to the Trustee
for purchase on such date, the Bonds shall be Immediately redeemed without
further notice to any Bondholder.
2. Prudential-Bache Securities, Inc. and Douglas Capital Markets, Inc.
(the "Remarketing Agents") have estimated that the Interest rate on the Bonds
during it period from the Remarketing Date to (but not Including) April 1, 1990, y
will be not toss than 6.625% per Hnnum (the "Estimated Rate"), a:cd the
Remarketing Agent will determine the actual Interest rHte on the Bonds not 1
less than seven Business Days prior to the Remarketing Date. The interest
rate on the Bonds under the Indenture cannot be lower than the Estimated Rate
or higher lhun 9.00%, unless the weighted average interest rate of the Bonds
from the date of Issuance of the Bonds to the last day of the Remarketing Period
during which such interest rate will be in effect will not thereby equal or exceed {
9.00%.
3. As a Holder of Bonds, you may irrevocably elect to cause the purchase
of any of your Bonds on and after the Remarketing Date, by fully completing,
executing and returning the enclosed election form (the "Election") to the Trustee,
tit 801 Cherry Street, 18th Floor, Fort Worth, Texas 76102, Attention: Corporate
Trust Department, for receipt by the Trustee not more than 40 and not less
than 31 days prior to the Remarketing Date (the "Election Period"). If you
do not deliver nn Election to the Trustee within the Election Period you shall
.
be deemed not to have made tin Election, and will not be entitled to tender
your bond for mandatory purchase until an election and tender is provided for
in connection with the next Remarketing Date scheduled for April 1, 1990,
but shall continue to be entitled to all rights under the Indenture of Trust with
respect to such Bonds. You will be required to tender to the Trustee all Bonds
which you ;ire not deemed to have retained one day prior to the applicable
Remarketing Date for such Bonds.
4. Any Election will be irrevocable upon Its receipt by the Trustee within
the Election Period, and any Election shall describe your Bonds with respect
to which such Election is being made.
5. Based on the Elections, the Remarketing Agent will remarket the
tendered Bonds and deposit the proceeds of such remarketing with the Trustee
to purchase the tendered Bonds. If tiny or all of the tendered Bonds are not
remarketed, the remarketed Bonds subject to remarketing but not remarketed
cony be purchased us a whole by the Association, at its option, or, if no such
purchase is made, all of such Bonds shall be Immediately redeemed by the Trustee
without additional notice to the Bondholders.
r
The Association may exercise its option to purchase the Bonds tendered
but not remarketed by the Remarketing Agent, by notifying the Trustee by
` telephonic notice not later than 2:00 p.m., Fort Worth, Texas, time, on a
f ` Remarketing Date, promptly confirmed in writing, that Available Money
i previorsly deposited with the Trustee shall be used for such purpose. If the
Association has not exercised its option to purchase such Bonds by no later
than MO p.m., Fort Worth, 'T'exas, time, on a Remarketing Date, and the Bonds,
less the amount of Bonds for which Notice of Redemption has previously been
given or which are not required to be tendered for remarketing or deemed
tendered on such Remarketing Date, will be redeemed on such Remarketing
Date from money previously deposited with the Trustee and without further
notice to Bondholders.
6. The Bonds are expected to be rated "AAA-L/A-1+" by Standard do
Poor's Corporation until April 11 1990, due to the FSLIC-Insured Certificate
of Deposit supplied by the Association,
Dated; February 17, 1989 NCNB Texas National Bank
Successor to
First RepublicBank Fort Worth, N.A.
By-
John C. Stohimann
Vice President
i
• 1
1.
ELECTION TO CAUSE BONDS TO BF. PURCHASED
Denton County Housing Finance Corporation
Multifamily Housing Revenue Refunding Bonds
FSLIC-Insured Certificate of Deposit Program
(Alamo Savings Association of Texas - - Post Oak Ridge
Apartments Phase I Project) Series 1988
us holder of the following
Denton County Housing Finance Corporation Rtultifamiiy Housing Revenue
I Refunding Bonds FSLIC-Insured Certificate of Deposit Program (Alamo Savings
Association of Texas - - Post Oak Ridgy Apartments Phase I Project) Series
1988:
Bond Number Principal Amount
I
hereby elect to cause the purchase of the following of my Bonds on and after
April 1, 1989 (the "Remarketing Date").
Bond Number Principul Amount
f
After Its delivery to NCNB Texas National Bank as Successor to First
RepublicBank Fort Worth, N.A., as trustee, this election will be Irrevocable.
I further understand that this Election is conditioned upon the
satisfaction of the conditions set forth in the Notice of Mandatory Purchase
or Redemption (the "Notice"), receipt of which I hereby acknowledge, and that
rr if said conditions are not satisfied, my Bonds will be redeemed without further
notice '.o me on the Remarketing Dutc.
I hereby further acknowledge that, other than as provided in the Notice,
neither the Trustee nor the Issuer has provided me with any Information
concerning the Bonds, the facilities financed with the Bonds, or the financial
condition of the Association or Federal Savings and Loan Insurance Corporation.
i
I
Nirunc of Owner as It appeurs on the
registration books of the Trustee
1
NOTICE OF CALL FOR
REDEMPTION OF BONDS
.73
March B, 1989 n _a
DENTON COUNTY HOUSING FINANCE CORPORA f~J` FE~ 16
~J
MULTIFAMILY HOUSING REVENUE BONDS •~f°
(CERTIFICATE OF DEPOSIT PROGRAM) eil~In~iAGt_gsIF
SERIES 1983-A, DATED APRIL 12 1983
DENTON SAVINGS ASSOCIATION
Pursuant to the terms of Section 3.01 of the Trust Indenture by and between
the Denton County Housfng Finance Corporation and NCNB Texas National
Bank, Successor to First RepublicBank Fort Worth, N.A. (formerly the Firot
National Bunk of Fort worth), notice is hereby given that the entire principal
amount of $7,675,000.00 of fully registered bonds shall be called for redemption
on March 60 1989, at par plus accrued Interest to said dute.
The manner of shipment or your bond(s) Is at your discretion, however, we
suggest tranSmlttal by Insured or registered mail. Said bonds should be presented
for payment at the Corporate Trust office of NCNB Texas National Bank to
either, address listed below on March 6, 1989, after which (late no further interest
shall accrue or be paid on said bonds.
i
.I
a Mail to: NCN13 Texas National Bank
P.O. Box 830501
Dallas, Texas 75283-0501
E Deliver to: NCNB Texas National Bank
350 North St. Paul - 8th Floor
Dallas, Texas 75201
Ali
Dated: Februury 15, 1989 {
NCNB TEXAS NATIONAL BANK
Trustee
NOTICE
Withholding of 20% of gross redemption proceeds of tiny payment made
within the United States may be required by the Interest and Dividend Tux
Compliance Act of 1983 unless the Paying Agent has the correct taxpayer
identification number (social Becarfty or employer Identification number) or
exemption certificate of the Payee. Please furnish a properly completed Form
W-9 or exemption certificate or equivalent when presenting your securities.
a
,
NOTICE OF CALL FOR
REDEMPTION OF BONDS
March 6, 1989
DENTON COUNTY ]LOUSING FINANCE CORPORATION
MULTIFAMILY HOUSING REVENUE BONDS
(CERTIFICATE OF DEPOSIT PROGRAM)
SERIES 1982-A, DATED DECEMBER I~ 1982 0
DENTON SAVINGS ASSOCIATION
Pursuant to the torms of Section 3.01 of the Trust Indenture by and between the Denton
County Housing Finance Corporation and NCN13 'rexfis Nationul Bank, Successor to First
RepublicBank Fort ]forth, N,A. (formerly the First National Bunk of Fort Worth), notice
is hereby givon that $5,600,000,00 principal amount of fully registered bonds shalt be called
for redemption on March 0 1989, at par plus accrued interest to said date.
In accordance with the provisions of the Indenture, the Trustee has selected by lot
the following numbered bonds and amount from each bond called for redemption:
CURRENT INTEREST BONDS MATURING 12/1/1992 - 9.75%
CUSIP NUMBHR 248795 AA 4
Bond Amount Bond Amount Bond Amount
Number Calied Number Called Number Called
CR 1,114 $ 5,000 CH 1595 $ 20,000 CR1724 $ 51000 1
CH 1416 51000 CR1597 10,000 CR1726 51000
OR 1420 25,000 OR1598 10,000 CR1729 51000
C, It 1421 20,000 CR1602 51000 CR1730 51000
OR 1423 250000 CH 1604 51000 CR1735 51000
OR 1425 20,000 CR1605 10,000 CR1737 20,000
OR 1430 5,000 CH 1606 51000 CR1741 30,000
OR 1431 5,000 CR1607 100000 CR1745 5,000
CH 1432 5,000 CR1610 51000 CR1746 5,000
OR 1436 5,000 CR1616 51000 CR1748 100000
OR 1437 10,000 OR 1619 5,000 CR1750 30,000
OR 1439 5,000 CR1624 5,000 OR 1752 10,000
CR 1440 100000 CR1626 5,000 CR1756 100000
CR 1443 51000 CR1627 5,000 CR1761 50000
OR 1444 10,000 CR1629 500(10 OR17?1 10,000
OR 1445 5,000 OR 1030 5,000 OR 1774 10,000
CR 1446 51000 CR1635 5,000 CR1778 59000
i OR 1447 10,000 CR1638 5,000 OR 1786 5,000
CR 1450 51000 CR1644 25,000 OR 1790 10,000
CR 1456 5,000 CR1649 10,000 CR1793 5,ooo
OR 1460 15,000 CR1661 5,000 CR1794 15,000
CR 1463 51000 CR1652 10,000 CR1797 5,000
OR 1464 5,000 CR1653 300000 CR1801 59000
CR 1468 10,000 CR1657 5,000 OR 1809 10,000
OR 1477 5,000 CR1661 35,000 OR 1811 59000
OR 1478 50000 CR1662 30,000 OR 1812 5,000
OR 1484 10,000 CR1663 51000 OR 1813 51000
OR 1485 5,000 CR1667 51000 CR1815 151(100
OR 1488 15,000 CR1670 10,000 OR 1823 5,(100
CR 1493 5,000 CR1074 20,000 CR1825 10,(100
^,R 1497 50000 Oil 1679 51000 OR 1829 5,(100
OR 1503 20,000 CR 1680 51000 CH 1830 150000
Gil 1505 100000 CR1684 15,000 OR 1931 10,000
CR 1507 59000 CR1686 5,o0o CR1832 51000
CR 1551 51600 OR 1690 59000 CRIS33 51000
CR 1552 10,000 OR 1694 51000 OR 1835 15,000
CR 1554 10,000 CR1695 51000 OR 1,138 51000
CR 1558 5,000 OR 1696 5,000 OR1841 10,000
CH 1559 10,000 OR 1697 10,000 OR 1846 5,000
CR 1502 5,000 CH 1701 51000 OR 1852 10,000
CR 1577 1;,000 CIt1702 51000 CR1853 51000
OR 1578 101000 CR1704 51000 CR1855 50000
CR 1584 5,000 Olt 1706 50000 CR 1858 5, 000
CR 1590 5,000 OR 1715 10,000 CR 1859 51000
OR 1592 151,000 CR1718 5,00(1 CR186t 10,000
C It 1594 51,0011 CIt1722 15,0(10 CR1863 511100
a
CURRENT INTEREST BONDS MATURING 12/1/1992 - 9.75%
CUSIP NUMBER 248795 AA 4
Bond Amount Bond Amount Bond Amount
Number Called Number Called Number Called
CR 1864 $ 52000 OR 2121 $ 15,000 OR 2650 $ 10,000
CR 1865 510(10 CR2133 10,000 CR265e 20,000
CR 1870 10,000 CR2,134 5,OOU OR 2675 100000
ell 1871 5,000 ell 2136 30,000 CR2679 250000
CR 1872 5,000 ell 2137 10,000 ell 2684 5,000
OR 1875 5,000 OR 21,13 5,000 CR2699 5,000
CR 1876 5,11110 CIt21,14 5,000 ell 2707 5,000
CR 1891 10,000 CIt 2145 5,000 OR 2709 103000
CR 1904 15,000 CR 2146 5)000 CR 2710 10,000
CR 1905 5,000 OR 2154 5,000 OR 2711 5,000
CH 1909 51000 CR2162 35,000 CR2724 51000
CR 1912 5,0()0 CIt 216G 15,000 CR2725 15,000
OR 1914 5,000 CR2173 5,000 OR 2741 10,000
CH 1915 15,000 ell 2174 101000 CR2745 20,000
OR I918 8,000 OR 2176 5,000 CR2772 5,000
OR 1919 15,000 OR 2186 15,000 Oil 2775 5,000
OR 1920 6,000 CR2190 45,000 ell 2786 5,000
CR 1921 5,000 CR2193 15,000 ell 2828 159000
CR 1923 10,000 CR2197 5,(100 CR2848 51000
CR 1930 5,O00 OR 2198 5,000 OR 2849 51000
CR 1933 101(100 OR 220,1 15,000 CR 2854 5,000 a
CR 1934 51000 ell 2206 5,000 ell 2865 10,000
OR 1935 15,000 ell 2210 15,000 ell 869 5,000
CR 1937 10,000 OR 2217 51000 CR2885 10,000
CR 1938 20,000 OR 2218 10,000 CR2921 5,noo
Cit. 1939 10,000 OR 2221 5,000 ell 2925 5 000
CR 1955 50000 CR 2223 10, 000 CR 2926 15,000
CR 1958 5,000 CR22,16 10,000 OR 2949 10,000
CR 1960 20,000 CR 2253 510()o CR 2957 50000
ell 1962 5,000 CR2257 20,000 CR2962 5000
CR 1964 5$000 (111 12258 5,000 CR 3000 20,050
CR 1965 59000 ell 2260 10,000 CR3021 5,000
CR 1967 5,000 CR2264 5,000 OR 3028 10,000
OR 1972 51000 CR2268 5,000 CR3030 5,000
CR 1976 10, 000 OR 2271 51000 CR 3054 51000
CR 1977 5,000 ell 2272 10,000 CR3056 20,000
CH 1979 51000 CR 2278 5, 000 CR3061 50000
i OR 1983 5,000 CR2294 20,000 CR3089 51000
OR 1984 5,000 CR2316 50000 CR3098 51000
CR 1989 20,000 CH 2318 5,000 CR3110 50000
ell 1990 5,000 CH 2319 51000 CR3113 5,000
CR 1991 40,000 CH 2347 10,000 OR 3131 59000
CR 1993 15,000 Gil 2350 5000 CR3133 5,000
OR 1998 10,000 CR2356 51000 CR3154 5000
CR 1999 5100() ell 2357 51000 Oil 3164 5, 000
CR 2001 51000 CR2362 10,ooo OR 3165 51000
CH 2006 5,000 0112366 51000 ell 3169 5,000
CR 2012 51000 CR2367 5,000 ell 3171 10,000
CH 2045 5,000 OR 2385 10,000 OR 3187 59(100
CR 2052 15,000 ell 2395 102000 CH 3193 0,9000
CR 2061 59000 OR 2405 15,000 C113198 5,000
CR 2063 10,000 ell 2408 50ODO OR 3199 10,000
OR 2668 5,000 CR2428 1011100 OR 3253 109000
CR 2070 5,000 OR 2429 5,000 OR 3266 51000
CR 2072 5,000 CR2430 10,000 ell 3280 5,000
t OR 2073 5900() CR2465 5,30(1 CR3281 5,000
CR 2078 5,000 ell 2480 51000 OR 3290 1.01000
,
ell 2079 10,000 ell 2488 15,000 CB 3292 50000
OR 2081 10,000 CIt2491 51000 ell 3296 51000
OR 2085 51000 CR2499 59000 CR3302 59000 {
CR 2088 59000 OR 2564 10,000 ell 3310 51000
CR 2089 10,()00 CR2569 209000 ell 3311 10,000
C1t 2105 20,000 CR25SO 510(10 CR3314 51000
CR 2107 3(1,00) Oil 2597 20,000 CR3315 50000
CR 211.3 5,0110 OR 2599 15,000 CR3329 10,000
C1t 2117 1,000 CIt2024 5,000 CR3330 101000
l
• 1
MA,ru CURRENT INTECUSIPBONDS6R 248795 AA241/1992 - 9.75"6
NUA1
Bond Amount Bond Amount
Bond Amount Number Called
Number Called Number Called
'
r ell 3672 $ 5,000 CR3935 $ 1r0,009
oil ell 333 3353 3 $ 15,00 000 0 (1113674 5,000 CH 3937 5,000
51
r r CR3675 51000 CR3938 10,009 I
ell 000 r CU3940 51000
OR 3359 10,000 ell 3680 ~,00U 10 000
CR 3362 35,900 Ci 000 OR 3941 ,
CI{{3682 5,000 CR3944 7550000
CR 3363 35,000 CR 3947 50000
ell 3365 25,060 CR3686 51000 000 OR3950 5,006
ell 3366 10,0110 CR3708 5r1 CR3951 59900
OR 3368 151600 ell 3724 35 r'0 CR3952 25,000
ell 3369 15,000 CIZ3751 5,000 ell 39r7 100000
ell 3374 51000 CR 3767 15 11110 CR3060 190,000
ell 3375 10,009 CR3774 5,000 5 000
CR3777 5,0(10 CR3962 +
OR 3376 15,600 CR3968 5,000
011 3378 5,006 1 5000
CR 3805 1r0, 0 00 000 CR 3970 1
ell 3385 15,000 15 000 CR3971 :'i,900
ell 3388 5,000 CR3806 ell 3972 10,060
ell 3391 5^0 ell 3807 5,000 5 000
r CR 3809 15, 900 CR 3974 +
CR 3163 x,110(1 ell 3977 20,000 ,
ell 3464 25,000 0113810 5,00() CR3980 5,000
ell 3465 35,000 CR3811 100000 CR3981 51000
CR 3481 20,090 CR3813 10,000 CR3984 30,000
1 ell 3816 109000 1'r),000
CR 3482 2,r 1,000 51000 ell 3985 I,ODO
ell 3483 5,000 CR3836 CR3986 10,000
CR 3537 5,000 CR3836 10,000 50000
CR 3591 51000 CR3840 5,000 CR3992 S,OOD
CR 3614 15,000 CR3842 51000 605000
50000 CR3994 CR 3625 5,000 CR38 CF, 3995 5,000
ell 3626 5,000 ell 38662 2 3865 150,000 2300000
OR 3627 S,OOD eR , 000 CR 397
l0 000 01.39997 5,600
ell 3628 101000 CR3868 1 CR3999 5,000
OR 3629 10,OD0 CR3871 159000 5 000
15,000 CR4000 +
ell 3633 5,000 CR3894 20 CR4001 10,000
10,000 CR386 5,000 CB4004 51000
ell 3634 CR3
CR 3636 5,000 904 10,000 C'R4012 5,000
ell 3637 51000 CR304 1000 CR4016 309000
CR 3638 5,000 ell 3906 51000 CR4021 5,000
CR 3654 51000 CR3907 45'000 CR4023 20,000
CR 3659 5,000 ell 3924 5000 CR4024 15,000
CR 3661 59000 CR3925 1451000 CR4027 10,000
OR 3662 5,060 C113933 , CR4028 50,000
ell 3670 51000 35 000
The manner of shipment of your bond(s) is at your discretion, however, we suggest
transmittal by insured or registered mail. In the case of any bonds which are registered
for an amount in excess of the called amount, the balance of that amount will be returned
along with u check for the called amount.
Said bonds should be presented for payment at tite Corporate Trust Office of NCNB
Ir, Texas National Bank to either address listed below on March 61 1989, after which date
no further Interest shall accrue or be paid on said bonds.
Deliver to: NCNB Texas National Bank
Mail to: NCNB Texas Notional Bank 350 North St. Paul _ 8th Floor
830501 Box
P.O.
Dallas, Texxits as 75283-11561 Dallas, Texas 75201
Dated: February 15, 1989
i
NCNB TEXAS, NATIONAL 13ANK
Trustee
NOTICV
1Vithholding of 2096 of gross redemption proceeds of any payment made within the
United Stales may be required by the Interest and Dividend Tax Compliance Act of 1983
unless the Puying Agent has the correct tuxpayer identification number (social security
or employer
u1 b9lof, exemption lcertlificate or equivalentPayee.
prope when presenting
compteted Form 1V
your securities.
t
i
1 ,
t
Trust and Investment Servlcea
NCNB Texas
1 801 Cherry Street
P.O. Box 1317
Fora Worth, Texas 76101
{617} 390-6161
AN - J 19x9 i
ycw
„Y t,(, rr t
Texas
January 49 1989
r
1
61r. I,loyd Harrell 1
Secretary/`treasurer
215 East McKinney
Denton, Texas 76201
RE; The Denton County Housing Finance Corporation
Single Family Mortgage Revenue Bonds series 1984
i
/ Dear Mr. Flarrelit
pogrMr
Enclosed please find the most recent bond call notice as well as
status information sheet for the above refer enced bond program. of information
Don liiaskmember of the Denton County Housing FiinanceeCo poration.
I to yc,a as a
Should you have tiny questions or require additional information, please
feel free to contact me at 81'1/390-6688.
Sincerely) !
` amela M. Jones
Corporate Account Manager
Enclosures
PMJ:vly
,
,I
Corporate Trust Department
801 Cherry Street ° P.A. Box 2911 ° Fart Worth, 'Pexaa'l6113 ° (81'!) 390-6951
ri
NOTICE OF CALL. FOR
REDEMPTION OF BONDS
January 11 1989
DENTON COUNTY HOUSING FINANCE CORPORATION
BONDS
SINGLE FAMILY MORTGAGE GAGE REVENUE /15/84
Pursuant to the terms of Section 3.01 of the Trust Indenture by and between the Denton
1
County (lousing Finance Corporation and NCNB Texas National Bank, Successor to First
RopubllcBank Fort Worth, N.A. (formerly InteeFirst Bank Fort Worth, N.A,), notice Is
hereby given that $531,661,20 principal amount on Current Interest Paying Bonds and
compounded amount on Compound Interest Bonds shall be called for redemption on January
1, 1989, at par plus accrued Interest to said date on Current Interest Paying Bonds and
at the compounded amount on Compound Interest Bonds. rdance thelfollowing numbered bond Pand rovisions
frthe Indenture om each bond called for redemption i selected by lot
amount of
CURRENT INTEREST PAYING BONDS
Maturity Interest Bond Amount Maturity Interest Bond Amount
Date Rate Number Called Date Rate Number Called
CUSIP #248796 BW 3
7/1/89 CUSIP 9.#24879600 0% 7 RBL 987 $ 5,000 7/1/94 10.20% R 1943 $ 50000
I
CUSIP #248796 BX 1
1./1/90 CUSIP 9. #248796 255% % 5 RBM 203 51000 1/1/95 10.4006 R 1822 51000
CUSIP #248796 BN 3 CUSIP #248796 BY, 6
7/1/90 9.2596 RBNIOOg 5,000 1/1/96 10.6006 R 1711 52000
000
R 1716 ,
CUSIP #248796 BP 8
r
1/1/91 9.59% RBP 277 x,000 CUSIP #248796 CB 8
1/1/97 10.7596 R 1812 10,000
CUSIP #248796 6 CUSIP #248796 CD 4
7/1/91 9.500°% b R 1961 5,000 I/l/98 10.9096 RCD 701 51000
' R 1901 5,000
CUSIP #248796 BR 4 5 u0C
1/1/92 9.7596 RBR 310 CUSIP #248796 CF 9
CUSIP #248796 BS 2 I/1/99 11.00% R R 1813 51000
1824 5,000
7/1/92 9.7596 R 1860 51000
R 1917 5,000
CUSIP #248796 CN 2
CUSIP 0248796 BT 0 1/1/2011 11.75% DR 673 51000
DR 683 10,000
1/1/93 10.00% R 18'79 10,000 DR 684 59000
DR 878 5,000
CUSIP #248796 BU 7 000 DR 883 320,400
7/1/93 10.00% R 1843
12 1881 ~ 5i 000 R 1938 10,000
>
ClIS1P #248796 BV 5
1/1/94 10.20% R 1820 5,000
COMPOUND INTEREST BONDS
Total
Total
Maturity Bond Value Compounded
Maturity Bond Value Compounded Date Number Called Amount
Datc_ Number Called Amount D
65
CUSIP #248796 BY 9 CUSIP #248796 CA 0
000 $ 21531.50 7/1/90 R 1296 $ 51000 $ 2,239239.5
7/l/95 R 1642 $ 5, 29531.50 It 1681 50000 29.65
R (643 5,000
COMPOUND INTFRFSIBONDS
Total
Total Bond Value Compounded
Alaturity
Alaturity Bond Value Compounded Date Nlimber Called Amount
Date Number Called Amount
CUSIP #248796 CM 4
CUSIP #248796 CC 6 7/1/2004 R 1637 $ 5,000 $ 851.90
OOU 851.90
7/1/99 R 1523 5,000 $ 1,988.05 R 1680 S1
R 1623 5,000 1,988.05
It 1644 59000 1,988.05 CUSIP #248796 CV 7
1/1/2016 (1R 1973 $ 5,000 $ 201.50
CUSIP #246798 CF 2 5 000 201.80
7/1/98 R 1606 5,000 1,775.60 CR21135 5,000 201.80
r 1 775.60 1,J09.00
R R 116&=676 ' 5,,000 000 1775.60 CRCR22113643 25 5,,000 000 201,80
CR2168 10,000 403.60
CUSIP #248796 CO 7 CR2180 51000 201.80
000 1,5Cit2192 51000 201.80
7/1/99 RC 162628 S 11584.45 CR2193 5 f 000 201.80
R R 1]6641 5,,DOU000 11584,45 CR2209 5,000 201.80 CR2221 51000 201.80
CUSIP #248796 CII 5 CR2244 10,000 403.60
5 000 11404.80 CR2247 20,000 807.20
7/1/?.000 R 1328 1 404.80 201.80
R 1390 5,000 CR2250 5,000
It 1554 51000 J, 409.80 CR 2252 51000 201.80
CR2264 109000 403.60
CUSIP #246796 CJ 1 CR2260 5,000 201.60 ,
1 243.15 CR2268 10,000 403.60
7/1/2001 R 1677 RC 1677 105,,000000 2486 30 Ch 2287 10,000 403.60
CR2295 51000 201.80
CUSIP #248798 CK 8 CR2301 30,000 11210.80
5 000 1 098'05 CH 2302 151000 605.40
7/1/2002 RCK697 + 1098.05 11009,00
R 1491 51000 CR2303 25,000
R 16411 5,000 1,088.05 CR2305 35,000 1,412.60
CR2306 100000 403.60
CUSIP 0248796 CL 6 CR2311 51000 201.80
50000 968.10 CR2312 51004 201.80
7/1/2003 RC 068,10 CR2314 5,000 201.80
R 1 1354 354 51000
R 1497 5,000 968.10 CR2316 51000 201.80
12 1679 5,000 968.10 CR2318 159000 605.40
CR2320 50000 8201-90
07.20
CUSIP #248796 CM 4 651.90 CR2322 20,000 41036-00
7/1/2009 R 1364 5,000 CR2325 100,000 R 1636 5,000 851.90
The manner of shipment of your bond(s) is at your discrebondslwhlchear wregisttered
Th case of any
transmittal by insured or registered mail. In itxm
for an amount In excess of thi, fort the aount,aniie balance of that amount will be reissued
and returned along with a check
Said bonds should be presented for payment at the Corporate Trust Office of NCNB
bonds, January 1, 1989, after which date
Texas National flank to either odaddress listed
i on said below
no further Interest shall a
' Mail to: NCNB Texas National Bank
P.O. Box 830501
Dallas, Texas 75283-0501
Deliver to., NCN13 Texas National Bank
350 North St. Paul 8th Floor
Dallas, Texas 75201
Dated: December 2, 1988
NCN): TFXAS NATIONAL BANK
Trustee
NOTICE
Withholding of 20% of gross redemption proceeds of any payment made within the
nles cl States may benrequired li a correct lideintifidcatTax i n namblern(social `security
unless
s the Paying Agent or employer identiflcatfon number) or exemption certificate of the Payee. Please furnish
a properly completed Form W-9 or exemption certificate or equivalent when presenting
your securities.
r - _ , 1
a
1
1
I
rr CoRY0RAT14N
C'INU GENUE, UUNnB
nCl'CON COUNTY lyu)t4ORTGA 5I04
9INGLJEI?IESL1904, 9p1ED 1l1
!li100 QrinciQal
S
4incls 4utst?nd?n`~-1CURRENT 1:ZEMataONDY Inte,'est Ors}aslid ' - 0
INT
Rat^e_ $ 170, 00
principal Date _ lp 00% 140,000
7/ 1
Into ces± Outst g x000 11 /1 9 9 3 4 10.20* 1150000
Maturity 10.20 124,000
1
Rate $
~D_ate - g 00~ 100,000 7!1/94 10.40% 140,400
S/i/89 9,04% 100,000 1/1/95 14.60% 145,000
7/i/99 9.2,5% 105.000 1/i/96 10.75% 170,400
1/1190 9.?.6% 105,000 111/97 10.90% 190,000
7/1/90 y.50% 125,000 1/1/90 11.00% 6, 310,0p0
111191 9.50% 125,000 1/1/99 11.76% 1
7l1/91 9.75% 140,000 X1112011
111192 9.75% 140,400 ONDS
7/1/97 10.00 INTEREST 11 principal
1/1/93 COMPOONP
MATURED VALUE Ou~ tsta-5 p4
Maturity 295,
principal Dam 3000000
nd 2-E 7/1/2001 306,000
Out_sta~ 7/1/2002 305x000
Maturity 0 0 0
1901
{ Data 2050000 711/2003 4 7,706,000
711%95 2351090 7/1/'100
7/1/96 240,000 1/02016
7/1/0 240,000 ant w)th
1 98 250,000 tme::t Agreem 1904
711/99 ted per Invadated July l6,
7/1/2000 and inves Dallas?
are intact MOank
nds nk at Dallas C in£ormat_ iOn a$61r44.701
A11 reserve National DR De1 5ug nc Loans 70,442
Mercantile 30 Pays 1 Loan 512,195.74
Call Ristor £ Call 60 Dayj 7 Loans •1431360.34
~mount-__. o _715,35 qD pays 11 Loans
re
Date 11,614r040.7.0 In Foreclo su
2/ 106 1,107o 0()o 12.00%
132,50 a Rate
J 7/1/07 $ 11 r130,079.05 Mnrt a~~-•
/ 1/1/00 $ 2630943.00
L00
84 of
52.2.5
~r Outr rtaLn~_`- ~3.s 9~"a),~n 7.
214,
0141 Loans ranee as of 7.L1A
in reagonse tmake
thin. t
9
ir"s on Pool Ins 6,000.94 mih
Ww are Qroviinnor,der that we
2 Loans t only. this dater
tjon Yredyou to for e release o£ ut QrloritY~
This in £or ders, witho
rue F: bondh
it avai ollab).a t-a all
it TEXAS NATlONtiL BANK
NCNO TRUSTEE