PAGE 1
IDS CERTIFICATE COMPANY Schedule I
Investments in Securities of Unaffiliated Issuers
December 31, 1996
($ in thousands)
Bal. held
at 12-31-96
Principal
Amount of Cost Value at
Bonds (Notes 12-31-96
Name of Issuer and Titles of Issue and Notes a and c) (Note a)
BONDS AND NOTES
United States Government -
Direct Obligations
US TREASURY BOND 6.875%, 2000 165 165 169
US TREASURY BOND 5.625%, 2000 200 197 196
Total U.S. Government - Direct Obligations 365 362 365
Other Bonds and Notes
United States Government Agencies
FHGD 15YR 6.5 TBA 6.500%, 2011 31,800 31,328 31,224 (f)
FHLMC 5YR #G50152 7.000%, 1999 6,684 6,631 6,706 (f)
FHLMC 5YR #G50252 7.500%, 2000 27,277 27,411 27,763 (f)
FHLMC 5YR #G50281 GOL 6.500%, 2000 20,307 20,408 20,320 (f)
FHLMC 15YR #G10336 7.500%, 2010 7,627 7,507 7,744 (f)
FHLMC 15YR #10342 7.000%, 2010 23,627 23,016 23,634 (f)
FHLMC 15YR #G10344 G 7.500%, 2010 17,856 17,773 18,129 (f)
FHLMC 15YR #G10350 GLD 6.500%, 2010 23,610 23,556 23,204 (f)
FHLMC 15YR #G10364 7.000%, 2010 20,146 20,040 20,153 (f)
FHLM 15YR #G10369 6.500%, 2010 42,288 41,766 41,830 (f)
FHLMC 15YR GOLD 6.500%, 2010 21,428 21,323 21,060 (f)
FHLMC 15YR #G10439 GOLD 6.500%, 2011 5,093 4,969 5,016 (f)
FHLMC ARM #845154 7.652%, 2022 5,060 5,218 5,225 (f)
FHLMC ARM #845523 7.877%, 2023 7,516 7,735 7,738 (f)
FHLMC ARM #845654 8.030%, 2024 18,368 18,639 19,125 (f)
FHLMC ARM #845730 7.606%, 2024 29,597 30,571 30,652 (f)
FHLMC ARM #845733 7.495%, 2024 28,937 29,454 29,932 (f)
FHLMC ARM #845973 8.083%, 2024 9,655 9,655 10,055 (f)
FHLMC ARM #845999 7.526%, 2027 24,033 24,244 24,826 (f)
FHLMC 30YR #846072 7.683%, 2022 6,389 6,550 6,609 (f)
FHLMC ARM #846107 7.870%, 2025 9,384 9,601 9,728 (f)
FH GD 7YR BLN N97208 7.000%, 2003 14,990 15,181 15,086 (f)
FHLMC 1268 E CMO 7.400%, 2016 3,934 3,938 3,939 (f)
FHLMC ARM #350190 7.375%, 2022 6,395 6,589 6,609 (f)
FHLMC 1379 C CMO 5.600%, 2011 2,089 2,088 2,085 (f)
FHLMC GOLD E00151 7.500%, 2017 8,593 8,831 8,724 (f)
FHLMC 15YR #E00383 7.000%, 2010 21,007 20,974 21,013 (f)
FHLMC 1717B PAC CMO 5.250%, 2008 4,792 4,785 4,782 (f)
FHLMC-GNMA 40 D CMO 6.500%, 2011 20,458 20,058 20,547 (f)
FHLMC 188537 (2) 5.750%, 1998 1 1 1 (f)
FHLMC 4C CMO 8.000%, 2017 3,330 3,338 3,341 (f)
PAGE 2
Bal. held
at 12-31-96
Principal
Amount of Cost Value at
Bonds (Notes 12-31-96
Name of Issuer and Titles of Issue and Notes a and c) (Note a)
FHLMC CTF SER B-76 8.375%, 2006 40 40 38 (f)
FHLMC CTF SER B-77 8.125%, 2007 195 194 187 (f)
FHLMC 15YR #380025 9.500%, 2003 838 834 884
FHLMC 15YR #200017 11.000%, 2000 484 493 511 (f)
FHLMC 15YR #200018 11.000%, 2000 326 332 344 (f)
FHLMC 15YR #200020 11.000%, 2000 484 493 511 (f)
FHLMC 15YR #200022 10.500%, 2000 101 102 107 (f)
FHLMC 15YR #200035 9.000%, 2001 379 375 394 (f)
FHLMC 15YR #200048 9.000%, 2001 835 823 868
FHLMC 15YR #200064 8.000%, 2002 486 472 496 (f)
FHLMC 15YR #212119 9.500%, 2001 166 168 176 (f)
FHLMC 15YR #218648 9.500%, 2002 58 59 61 (f)
FHLMC 15YR #219392 11.000%, 2001 172 176 182 (f)
FHLMC 15YR #219679 9.500%, 2003 659 654 694 (f)
FHLMC 15YR #219757 11.000%, 2003 2,002 2,082 2,116
FHLMC 15YR #240001 9.500%, 1997 1,221 1,220 1,247
FHLMC 10YR #490009 9.000%, 1997 1,398 1,398 1,418
FHLMC 10YR #490011 10.000%, 1997 317 317 332 (f)
FHLMC 15YR #500155 11.000%, 2001 477 487 504 (f)
FHLMC 15YR #500294 11.000%, 2003 203 209 215 (f)
FHLMC 15YR #500456 11.000%, 2002 222 228 235 (f)
FHLMC 15YR #502175 10.500%, 2004 225 228 238 (f)
FHLMC ARM #605041 7.909%, 2019 293 293 304 (f)
FHLMC ARM #605048 7.576%, 2018 1,292 1,292 1,335 (f)
FHLMC ARM #605050 7.945%, 2018 488 488 506 (f)
FHLMC ARM #605079 WAC 7.772%, 2018 1,504 1,504 1,558 (f)
FHLMC ARM #605175 WAC 7.729%, 2019 3,718 3,718 3,855 (f)
FHLMC ARM #605352 7.589%, 2018 2,915 2,915 3,012 (f)
FHLMC ARM #401587 7.625%, 2018 2,105 2,105 2,179 (f)
FHLMC ARM #630048 8.000%, 2018 23 23 24 (f)
FHLMC ARM #630074 7.500%, 2018 583 583 596 (f)
FHLMC ARM #840031 WAC 7.552%, 2019 473 473 489 (f)
FHLMC ARM #840035 7.795%, 2019 1,474 1,474 1,539 (f)
FHLMC ARM #840036 7.926%, 2019 1,802 1,802 1,871 (f)
FHLMC ARM #840045 7.741%, 2019 3,841 3,841 3,981 (f)
FHLMC ARM #840072 7.262%, 2019 1,951 1,951 1,997 (f)
FHLMC ARM #405014 7.843%, 2019 1,065 1,065 1,106 (f)
FHLMC ARM #405092 7.709%, 2019 1,705 1,705 1,768 (f)
FHLMC ARM #405185 7.470%, 2018 2,377 2,377 2,453 (f)
FHLMC ARM #405243 7.161%, 2019 1,095 1,095 1,128 (f)
FHLMC ARM #405249 7.378%, 2018 3,187 3,187 3,289 (f)
FHLMC ARM #405360 7.756%, 2019 969 969 1,006 (f)
FHLMC ARM #405437 7.969%, 2019 289 289 300 (f)
FHLMC ARM #405455 7.793%, 2019 1,346 1,346 1,397 (f)
FHLMC ARM #405517 8.084%, 2019 491 491 510 (f)
FHLMC ARM #405615 7.706%, 2019 985 985 1,021 (f)
FHLMC ARM #405675 7.687%, 2020 1,972 1,972 2,045 (f)
FHLMC ARM #405692 7.825%, 2020 2,495 2,495 2,593 (f)
PAGE 3
Bal. held
at 12-31-96
Principal
Amount of Cost Value at
Bonds (Notes 12-31-96
Name of Issuer and Titles of Issue and Notes a and c) (Note a)
FHLMC ARM #405744 7.814%, 2020 1,541 1,541 1,602 (f)
FHLMC ARM #605432 7.755%, 2017 758 758 786 (f)
FHLMC ARM #605433 7.316%, 2017 1,935 1,935 1,995 (f)
FHLMC ARM #605454 7.300%, 2017 5,125 5,125 5,275 (f)
FHLMC ARM #605853 WAC 7.504%, 2019 3,762 3,762 3,883 (f)
FHLMC ARM #605854 7.506%, 2019 3,454 3,454 3,566 (f)
FHLMC ARM #606024 6.963%, 2019 1,561 1,561 1,604 (f)
FHLMC ARM #606025 7.214%, 2019 5,579 5,579 5,745 (f)
FHLMC ARM #606151 7.872%, 2019 4,380 4,380 4,548 (f)
FHLMC ARM #635054 7.994%, 2020 291 291 299 (f)
FHLMC ARM #785363 6.973%, 2025 12,697 12,867 13,098 (f)
FHLMC ARM #785615 6.700%, 2026 15,896 15,805 16,065 (f)
FH 3X1 ARM #785619 6.715%, 2026 8,955 9,004 9,106 (f)
FHLMC ARM 3X1 6.814%, 2026 19,884 19,952 20,245 (f)
FHLMC ARM #785672 6.738%, 2026 10,010 10,057 10,141 (f)
FHLMC ARM #865008 8.431%, 2018 7,459 7,459 7,727 (f)
FHLMC LOANS #885005 9.500%, 2002 1,568 1,558 1,653 (f)
FHLMC LOANS #885008 10.000%, 2003 2,632 2,646 2,778 (f)
FHLMC 15 YR #885009 9.500%, 2003 3,763 3,742 3,968
FHLMC ARM #606301 8.035%, 2020 6,733 6,733 6,997 (f)
FHLMC ARM #606903 6.970%, 2022 2,048 2,066 2,086 (f)
FNMA 92 12 H 6.625%, 2019 6,936 6,936 6,928 (f)
FNMA 1992-5 C 7.000%, 2016 2,432 2,424 2,435 (f)
FNMA 92-21D VANILLA 6.650%, 2018 1,698 1,681 1,698 (f)
FNMA 92 203 E CMO 6.250%, 2005 10,000 9,796 9,978 (f)
FNMA 93-62 B CMO 6.500%, 2017 6,523 6,308 6,485 (f)
FNMA 95 2 T CMO 8.500%, 2021 8,826 8,817 9,001 (f)
FNMA 95-T2 A3 CMO 6.610%, 2018 10,000 9,995 9,819 (f)
FNMA 15 YR #2469 11.000%, 2000 27 27 29 (f)
FNMA 15 YR #13157 11.000%, 2000 17 17 18 (f)
FNMA 15 YR #13548 11.000%, 2000 62 63 66 (f)
FNMA 15 YR #13705 11.000%, 2000 53 54 57 (f)
FNMA 15 YR #18275 11.000%, 2000 9 10 10 (f)
FNMA 15 YR #18745 11.000%, 2000 12 13 13 (f)
FNMA 15 YR #18986 11.000%, 2000 10 10 11 (f)
FNMA 15 YR #19070 11.000%, 2000 9 9 9 (f)
FNMA 15 YR #19261 11.000%, 2000 27 27 29 (f)
FNMA 15 YR #22271 11.000%, 2000 41 42 44 (f)
FNMA 15 YR #22405 11.000%, 2000 62 63 65 (f)
FNMA 15 YR #22569 11.000%, 2000 112 114 119 (f)
FNMA 15 YR #22674 11.000%, 2000 30 30 32 (f)
FNMA 15 YR #25899 11.000%, 2001 20 21 22 (f)
FNMA 30 YR #27880 9.000%, 2016 106 109 112 (f)
FNMA 15 YR #34543 9.250%, 2001 351 351 375 (f)
FNMA 30 YR #36225 9.000%, 2016 309 315 326 (f)
FNMA 30 YR #040877 9.000%, 2017 192 196 202 (f)
FNMA 15 YR #50973 6.000%, 2009 42,908 41,935 41,565 (f)
FNMA 30 YR #51617 10.000%, 2017 191 193 210 (f)
PAGE 4
Bal. held
at 12-31-96
Principal
Amount of Cost Value at
Bonds (Notes 12-31-96
Name of Issuer and Titles of Issue and Notes a and c) (Note a)
FNMA 30 YR #52185 10.000%, 2017 73 73 80 (f)
FNMA 30 YR #52596 10.000%, 2017 19 19 21 (f)
FNMA 15 YR #58405 11.000%, 2003 31 32 33 (f)
FNMA 15 YR #64520 11.000%, 2001 64 66 68 (f)
FNMA 15 YR #64523 11.000%, 2000 97 98 103 (f)
FNMA 15 YR #66458 10.000%, 2004 4,319 4,355 4,575
FNMA ARM #70007 MEGA 7.328%, 2017 2,444 2,444 2,530 (f)
FNMA ARM #70009 MEGA 7.281%, 2018 3,706 3,706 3,838 (f)
FNMA ARM #70117 7.199%, 2017 826 826 854 (f)
FNMA ARM #70202 7.375%, 2019 2,682 2,682 2,780 (f)
FNMA 15 YR #70299 10.750%, 2001 261 267 277 (f)
FNMA 15 YR #70694 MEG 9.500%, 2005 2,417 2,436 2,558
FNMA #73227 MULT-FAM 6.700%, 2005 2,928 2,963 2,824 (f)
FNMA ARM #79384 8.040%, 2019 1,059 1,059 1,105 (f)
FNMA ARM #88879 8.750%, 2019 2,624 2,624 2,719 (f)
FNMA ARM #89125 7.250%, 2019 7,022 7,176 7,167 (f)
FNMA ARM #92069 FLEX 7.853%, 2018 3,571 3,571 3,722 (f)
FNMA ARM #93787 7.691%, 2019 3,167 3,167 3,297 (f)
FNMA ARM #97822 7.536%, 2020 610 610 633 (f)
FNMA ARM #105989 8.524%, 2020 2,463 2,463 2,563 (f)
FNMA 15YR #124848 8.000%, 2008 15,633 15,587 16,087 (f)
FNMA 15YR #190534 6.000%, 2018 21,885 21,545 21,200
FNMA ARM #190726 7.844%, 2033 15,349 15,660 15,896 (f)
FNMA 7YR 190778 BALN 6.000%, 2001 54,076 53,509 53,331 (f)
FNMA ARM #249907 7.726%, 2024 17,941 18,212 18,722 (f)
FNMA 10YR #303115 6.500%, 2004 17,501 16,494 17,499 (f)
FNMA ARM #303259 7.631%, 2025 8,143 8,368 8,400 (f)
FNMA 15YR #303445 5.500%, 2009 21,754 20,824 20,483 (f)
FNMA 7YR #303448 BLN 6.500%, 2002 24,515 24,545 24,504 (f)
FNMA ARM #368121 5X1 6.757%, 2025 30,000 30,441 31,187 (f)
GNMA ARM 1 YR #8157 6.500%, 2023 7,092 7,219 7,204 (f)
GNMA ARM #8206 6.500%, 2017 1,558 1,558 1,580 (f)
GNMA ARM #8240 7.125%, 2017 1,123 1,109 1,151 (f)
GNMA ARM #8251 7.125%, 2017 90 90 93 (f)
GNMA ARM #8274 7.000%, 2017 3,037 3,034 3,100 (f)
GNMA ARM #8283 7.000%, 2017 400 398 408 (f)
GNMA ARM #8293 7.000%, 2017 698 698 713 (f)
GNMA ARM #8341 7.125%, 2018 157 156 161 (f)
GNMA ARM #8353 7.125%, 2018 1,298 1,290 1,330 (f)
GNMA ARM #8365 7.125%, 2018 2,347 2,347 2,405 (f)
GNMA ARM #8377 7.125%, 2018 1,050 1,048 1,076 (f)
GNMA ARM #8428 7.000%, 2018 442 442 451 (f)
GNMA ARM #8440 7.000%, 2018 1,120 1,120 1,144 (f)
GNMA ARM #8638 7.000%, 2025 26,789 27,011 27,320 (f)
Total United States Government Agencies 1,049,372 1,048,173 1,060,437
PAGE 5
Bal. held
at 12-31-96
Principal
Amount of Cost Value at
Bonds (Notes 12-31-96
Name of Issuer and Titles of Issue and Notes a and c) (Note a)
Municipal Bonds
California
CAL HSG 95-O TAX MUN 7.740%, 2016 10,645 10,645 10,865 (b)(f)
CAL HSG FIN 1996-M 7.890%, 2016 8,925 8,925 9,103 (b)(f)
Georgia
ATLANTA GA REC AUTH 8.000%, 1997 1,000 1,000 1,014 (b)(f)
Illinois
CHICAGO IL BLDG REV 8.000%, 1997 3,000 3,000 3,000 (b)(f)
CHICAGO IL BLDG COMM 8.000%, 1998 1,800 1,796 1,875 (b)(f)
CHICAGO IL SAN DIST 9.250%, 2000 1,000 1,060 1,137 (b)(f)
*CHIC IL GAS SPY SRC 7.500%, 2015 4,500 4,500 4,916 (b)(f)
Minnesota
WEST MN MUNI POWER 10.250%, 2015 3,120 3,303 3,486 (b)(f)
New Jersey
OCEAN COUNTY NJ UTIL 8.150%, 1997 400 400 400 (b)(f)
New York
NEW YORK CITY NT GO 7.750%, 2000 335 335 342 (b)(f)
NEW YORK PWR AUTH 9.500%, 2001 355 374 385 (b)(f)
North Carolina
NC MUNI POWER 8.400%, 1997 2,000 2,000 2,000 (b)(f)
Pennsylvania
WY VALLEY PA SWR 5.125%, 2007 135 135 135 (b)(f)
Texas
HARRIS CNTY TX TOLL 10.375%, 2014 5,300 5,458 5,667 (b)(f)
AUSTIN TX UTILITY 10.750%, 2015 3,735 4,131 4,477 (b)(f)
DALLAS TX CIVIC CENT 8.100%, 1997 925 925 925 (b)(f)
DALLAS TX CIVIC CENT 8.200%, 1998 1,025 1,025 1,046 (b)(f)
District of Columbia
DIST OF COLUMBIA GO 7.600%, 1997 1,950 1,966 1,983 (b)(f)
DIST OF COLUMBIA GO 7.600%, 1997 4,900 4,898 4,970 (b)(f)
Total Municipal Bonds 55,050 55,876 57,726
Public Utility
BAROID CORP 8.000%, 2003 5,000 4,986 5,219
BELL ATLANTIC FINL 5.300%, 1998 5,000 4,816 4,937 (f)
CAL ENERGY CO INC 9.500%, 2006 4,000 4,034 4,130 (b) (d) (f)
CHEVRON-HOWARD BELL 7.700%, 1997 76 76 76 (b) (d)
COLUMBIA GAS SYS 6.390%, 2000 10,000 10,033 9,938 (f)
PAGE 6
Bal. held
at 12-31-96
Principal
Amount of Cost Value at
Bonds (Notes 12-31-96
Name of Issuer and Titles of Issue and Notes a and c) (Note a)
DETROIT EDISON 6.280%, 2000 7,000 6,951 6,940 (f)
EL PASO ELEC CO 7.250%, 1999 2,000 2,000 1,994 (f)
GTE CORP 8.850%, 1998 3,000 3,038 3,094 (f)
HANNA M A 9.000%, 1998 5,000 5,057 5,177
INTL SPECIALTY PROD 9.000%, 1999 15,000 15,228 15,222
JERSEY CENTRAL P&L 6.040%, 2000 5,000 5,001 4,910
KANSAS CITY P&L 7.340%, 1999 10,000 10,000 10,209
NORAM ENERGY CORP 7.500%, 2000 5,000 4,980 5,103 (f)
OCCIDENTAL PETROLEUM 6.410%, 2000 5,000 4,959 4,966 (f)
ORYX ENERGY 8.650%, 1999 15,000 15,000 15,356
PDV AMERICA 7.250%, 1998 3,000 2,996 2,989 (f)
PACIFIC GAS TRANS 6.640%, 2000 5,000 5,000 5,001 (f)
PRAXAIR INC 6.750%, 2003 5,000 4,751 5,004 (f)
PUBLIC SERVICE E & G 7.100%, 1997 5,000 5,000 5,016 (f)
SALTON SEA CL A 6.690%, 2000 6,949 6,949 6,960 (b) (d) (f)
SMITH INT`L INC 7.240%, 2001 10,000 10,000 10,000 (b) (d) (f)
TELEPORT COMM 9.875%, 2006 4,000 4,075 4,260 (f)
TEXAS UTILITIES 6.370%, 2000 10,000 10,000 9,918 (f)
TOSCO CORP 7.000%, 2000 5,000 4,994 5,043 (f)
Total Public Utility 150,025 149,924 151,462
Finance
AT&T CAPITAL 6.200%, 2000 5,000 4,993 4,890 (f)
ALCO CAPITAL RES 7.330%, 1998 10,000 10,000 10,145 (f)
AMERICAN GEN FINANCE 7.850%, 1997 2,000 2,001 2,030 (f)
AMERICAN GENERAL FIN 6.470%, 2000 10,000 10,070 9,966 (f)
ARISTAR FINL 7.875%, 1999 3,000 2,997 3,094 (f)
ARISTAR INC 6.300%, 2000 15,000 14,990 14,902 (f)
AUTOFLW 9.160%, 2002 10,000 9,915 9,944 (b) (d) (f)
BANK OF AMERICA 9.750%, 2000 10,000 10,351 11,099
BENEFICIAL CORP 6.450%, 2000 10,000 10,045 9,996 (f)
CIT GROUP HOLDINGS 7.000%, 1997 5,000 4,988 5,048 (f)
CSW INVESTMENTS 6.950%, 2001 10,000 9,988 10,061 (b) (d) (f)
CAPITAL ONE BANK 7.350%, 2000 5,000 4,997 5,079 (f)
COMDISCO INC 7.250%, 1998 10,000 9,989 10,139
COMMERCIAL CREDIT 8.250%, 2001 9,000 8,911 9,618 (f)
CONTI FINANCIAL CORP 8.375%, 2003 5,000 4,986 5,102 (f)
CONTI MTG HEL TRTA-6 6.690%, 2016 10,000 9,999 9,762 (f)
COUNTRYWIDE FUNDING 8.420%, 1999 19,700 19,682 20,554
DART KRAFT FIN 7.750%, 1998 1,000 1,020 1,029 (f)
JOHN DEERE CAP 6.250%, 2000 2,500 2,503 2,475 (f)
DEERE JOHN CAPITAL 6.280%, 2000 5,000 5,015 4,952 (f)
FDIC 96-1C CLASS 1A 6.750%, 2026 10,000 9,995 9,995 (f)
FIDELITY ACCEPTANCE 6.670%, 1997 15,000 15,000 15,048 (b) (d) (f)
FINOVA CAPL CORP 6.840%, 2000 3,000 3,003 3,020 (f)
FIRST NATIONWIDE 9.125%, 2003 4,000 3,865 4,060 (f)
FIRSTAR CORP 7.150%, 2000 12,000 12,000 12,115 (f)
PAGE 7
Bal. held
at 12-31-96
Principal
Amount of Cost Value at
Bonds (Notes 12-31-96
Name of Issuer and Titles of Issue and Notes a and c) (Note a)
GMAC 96-C1 COMM MBS 6.790%, 2003 4,992 5,016 5,055 (f)
GE CAPITAL CORP 8.125%, 1999 12,000 12,175 12,465 (f)
GREAT WESTERN FINL 6.375%, 2000 3,000 2,992 2,987 (f)
GREENTREE FIN94-1 A1 5.600%, 2019 2,756 2,739 2,764 (f)
GREENTREE FIN94-4 A1 6.550%, 2019 2,905 2,902 2,914 (f)
GREENTREE FIN94-5 A1 6.600%, 1998 3,278 3,277 3,284 (f)
GREENTREE FIN95-5 A1 5.950%, 2025 1,343 1,343 1,346 (f)
HELLER FINANCIAL 8.000%, 1998 15,000 14,984 15,478
HELLER FINANCIAL 6.500%, 2000 8,000 8,002 8,009 (f)
HOUSEHOLD FINANCE 6.375%, 2000 6,775 6,790 6,755 (f)
INTL LEASE FINANCE 7.950%, 1999 12,000 11,991 12,408 (f)
KEYCORP SENIOR 7.430%, 2000 4,000 3,995 4,110 (f)
MBNA 7.540%, 2001 10,000 9,993 10,288
MBNA CORP 6.500%, 2000 5,000 4,998 5,011 (f)
MARGARETTEN FIN'L 6.750%, 2000 15,250 15,385 15,305 (f)
MELLON FINANCIAL 6.300%, 2000 10,000 9,962 9,951 (f)
MERIDIAN BANCORP 6.625%, 2000 5,000 5,045 5,025 (f)
JPMS 96-C2 CL A 6.470%, 2027 4,920 4,951 4,834 (f)
MS CAP 1996-WFI MBS 7.220%, 2028 10,000 10,157 10,150 (f)
MCF 96-MC2 CLS A1 6.758%, 2004 10,000 10,100 10,100 (f)
NCB CAPITAL SER A 8.180%, 1997 8,000 8,000 8,080 (b) (d)
NATIONSBANK TEXAS 6.750%, 2000 12,000 12,038 12,094 (f)
NATIONSBANK CORP 7.500%, 1997 5,000 5,000 5,010 (f)
NORWEST FINANCIAL 7.250%, 2000 4,500 4,494 4,607
ORIX CREDIT ALLIANCE 8.040%, 1997 10,000 10,000 10,140 (b) (d)
ORIX CREDIT ALLIANCE 7.560%, 1997 5,000 5,000 5,063 (b) (d) (f)
PENSKE TRUCK LEASING 6.670%, 2000 13,000 13,006 13,053 (f)
PENSKE TRUCK LEASING 7.750%, 1999 3,000 3,053 3,102 (f)
PROVIDENT BANK 6.125%, 2000 5,000 4,990 4,922
PHMS 1993-39 A8 SUPP 6.500%, 2008 10,056 9,580 9,776 (f)
SBMS VII 91-1 B1 9.700%, 2006 1,098 1,098 1,098 (f)
SALOMON INC INDEX AM 7.070%, 2000 25,000 25,000 25,187 (f)
SANWA BUS CREDIT MTN 7.250%, 2001 10,000 9,991 10,189 (b) (d) (f)
SAXON 95-1 A2 ARM 7.745%, 2025 2,893 2,934 2,962 (f)
SEARS ROEBUK ACC 6.500%, 2000 5,000 5,018 5,012 (f)
SASCO96-CL1 AIC 5.944%, 2028 9,800 9,800 9,696 (f)
SASCO 96-CL-A2B 6.759%, 2028 5,000 5,080 4,991 (f)
TRANSAMERICA FINANCE 9.260%, 1998 5,000 4,997 5,166
UCFC 95 BA-2 ASSET B 6.600%, 2009 10,000 10,023 10,041 (f)
UCFC 95 CA2 ASSET BK 6.575%, 2011 10,000 10,019 10,031 (f)
WELLSFORD RESID PROP 7.250%, 2000 5,000 4,976 5,083 (f)
XEROX CREDIT 6.840%, 2000 5,000 5,013 4,985 (f)
Total Finance 516,766 517,210 522,650
Industrial
AAF MCQUAY 8.875%, 2003 10,000 10,155 10,050 (f)
ADT OPERATIONS INC 8.250%, 2000 5,000 5,052 5,225 (f)
PAGE 8
Bal. held
at 12-31-96
Principal
Amount of Cost Value at
Bonds (Notes 12-31-96
Name of Issuer and Titles of Issue and Notes a and c) (Note a)
AGCO CORP 8.500%, 2006 5,000 4,963 5,150 (b) (d) (f)
AMERICAN STANDARD 10.875%, 1999 1,000 1,062 1,077 (f)
APPLIED MATERIALS 6.650%, 2000 5,000 5,000 5,007 (f)
BELL & HOWELL OPER 9.250%, 2000 4,425 4,522 4,508 (f)
BOYD GAMING CORP 9.250%, 2003 5,000 4,980 4,925 (f)
BROWN GROUP 8.600%, 1999 5,000 5,000 5,018
BURLINGTON NORTHERN 6.375%, 2005 5,000 4,998 4,775
CSX 9.230%, 1998 13,500 13,500 13,932
CATERPILLAR FINANCE 6.960%, 1998 5,000 4,964 5,063 (f)
CHAMPION INTL 9.800%, 1998 10,000 9,997 10,382
CHIQUITA BRANDS INTL 10.250%, 2006 3,000 2,983 3,203 (f)
CHRYSLER FINANCE 7.700%, 1998 10,000 9,940 10,266 (f)
CHRYSLER FINANCE 7.590%, 2000 5,000 5,001 5,147 (f)
CINCINNATI MILACRON 7.875%, 2000 5,000 5,087 5,061 (b) (d) (f)
COLUMBIA/HCA HLTHCRE 6.410%, 2000 10,000 10,022 9,981 (f)
CONTAINER CORP AMER 9.750%, 2003 4,000 3,976 4,230 (f)
CONT'L CABLEVISION 8.300%, 2006 4,000 3,988 4,281 (b) (d)
COX COMMUNICATION 6.375%, 2000 25,000 24,908 24,843 (f)
DARLING DELAWARE 11.000%, 2000 3,308 3,308 3,308 (f)
DAYTON HUDSON 6.400%, 2003 10,000 9,972 9,763 (f)
DAYTON HUDSON CO 6.800%, 2001 5,000 5,000 5,023 (f)
DELTA AIRLINES 9.875%, 1998 8,100 8,100 8,358
BERGEN BRUNSWIG(DUR) 7.000%, 2006 20,000 20,057 19,766 (f)
ENTERPRIS RENT-A-CAR 8.750%, 1999 5,000 4,998 5,273 (b) (d)
ENTERPRIS RENT-A-CAR 7.875%, 1998 5,000 4,999 5,094 (b) (d) (f)
ENTERP RENT-A-CARMTN 6.350%, 2001 10,000 9,998 9,877 (b) (d) (f)
EXIDE CORP 10.750%, 2002 5,000 5,385 5,263 (f)
FIRST USA DEP NT 6.375%, 2000 5,000 4,988 4,946 (f)
FORD MOTOR CREDIT 6.375%, 2000 10,000 10,101 9,938
FORD MOTOR CR MTN 7.060%, 2001 5,000 4,983 5,079 (f)
FOUNDATION HLTH CORP 7.750%, 2003 4,500 4,487 4,669 (f)
GS-96PROTECT LIFE A1 7.020%, 2027 4,792 4,864 4,901 (f)
GATC 6.320%, 2000 10,000 9,984 9,852 (f)
GMAC 7.650%, 1997 10,000 10,000 10,018 (f)
GMAC 7.750%, 1999 20,000 19,913 20,581 (f)
GENESIS HLTHCR 144A 9.250%, 2006 5,000 5,000 5,125 (b) (d) (f)
HERITAGE MEDIA 8.750%, 2006 4,500 4,567 4,354 (f)
HOWMET INC 10.000%, 2003 3,000 3,167 3,270 (f)
ITT CORP 6.250%, 2000 5,000 4,864 4,926 (f)
ILLINOIS CENTRAL 6.270%, 1998 5,000 5,002 5,008 (f)
INTEGON CORP 9.500%, 2001 2,000 1,980 2,149
KIII COMM PUT/96 8.500%, 2006 5,000 4,980 4,950 (b) (d) (f)
KAUFMAN & BROAD HOME 10.375%, 1999 1,000 997 1,030
KROGER CO 8.150%, 2006 4,000 4,005 4,105 (f)
LA QUINTA MOTOR 9.250%, 2003 2,000 2,096 2,070 (f)
LIFE STYLE FURN 10.875%, 2006 3,000 3,031 3,255 (f)
LONE STAR INDUSTRIES 10.000%, 2003 657 638 663 (b) (f)
MGM GRAND HOTEL FIN 11.750%, 1999 2,000 2,062 2,080 (f)
PAGE 9
Bal. held
at 12-31-96
Principal
Amount of Cost Value at
Bonds (Notes 12-31-96
Name of Issuer and Titles of Issue and Notes a and c) (Note a)
MARK IV IND INC 8.750%, 2003 2,000 1,835 2,070
MATTEL INC 6.875%, 1997 15,000 14,986 15,082 (f)
MAXXIM MEDICAL 10.500%, 2006 4,000 4,036 4,190 (f)
NEWS AMER HLDGS 7.500%, 2000 10,000 9,965 10,211 (f)
NOVACOR CHEMICALS 6.500%, 2000 10,000 9,971 9,915 (b) (d) (f)
OUTDOOR SYSTEMS INC 9.375%, 2006 5,000 5,000 5,162 (f)
PACCAR FIN SER 3 7.940%, 1997 8,250 8,248 8,273 (f)
PAGING NETWORK 10.000%, 2008 2,000 2,000 2,027 (b) (d) (f)
PARACELSUS HEALTH 10.000%, 2006 5,000 5,061 4,725 (f)
PARAMOUNT COMMUN 5.875%, 2000 5,350 5,222 5,107 (f)
PRINT PACK SR NT 9.875%, 2004 2,500 2,500 2,594 (f)
QUAKER OATS 6.940%, 2003 1,500 1,504 1,521 (f)
QUAKER OATS 6.470%, 2000 10,000 10,037 9,981 (f)
RITE AID CORP 6.700%, 2001 5,000 4,999 4,999 (f)
ROLLINS TRUCK 6.875%, 2001 5,000 4,999 5,039 (f)
RYDER SYSTEM 5.530%, 1997 7,500 7,500 7,497 (f)
RYDER SYSTEM 7.910%, 2000 5,000 5,033 5,185 (f)
RYDER SYSTEMS INC 7.330%, 2000 5,000 5,086 5,122 (f)
RYERSON TULL 8.500%, 2001 5,000 5,000 5,131 (f)
SCHULLER INT'L GROUP 10.875%, 2004 5,000 5,383 5,587 (f)
SEALY CORP 9.500%, 2003 4,275 4,309 4,307
SEARS 7.620%, 1997 5,000 4,990 5,070 (f)
SEARS 7.420%, 1998 10,000 10,004 10,162 (f)
SERVICE CORP INTL 6.375%, 2000 10,500 10,493 10,394 (f)
SERVICE MERCHANDISE 8.375%, 2001 1,000 876 952
SHOP VAC CORP 10.625%, 2003 2,000 2,000 2,110 (b) (d) (f)
SHOWBOAT INC 9.250%, 2008 4,000 3,781 3,945
SUNAMERICA 9.000%, 1999 20,000 20,000 21,034
SUPERVALU INC 6.500%, 2000 5,000 4,996 4,967 (f)
SUPERVALU INC 7.250%, 1999 8,000 7,959 8,163 (f)
TENET HEALTHCARE CO 8.625%, 2003 7,000 6,979 7,411 (f)
TYSON FOODS 6.410%, 2000 10,000 10,008 9,959 (f)
UNIFRAX INVESTMENT 10.500%, 2003 3,000 3,000 3,109 (f)
UNITED AIR 1991A-1 9.200%, 2008 4,610 4,288 4,929
U.S. WEST CAP FUNDIN 6.200%, 2000 5,000 4,993 4,900 (f)
UNIVERSAL OUTDOOR 9.750%, 2006 5,000 4,969 5,175 (f)
VIACOM INC 6.750%, 2003 5,000 4,996 4,694
WMX TECHNOLOGIES 6.250%, 2000 3,500 3,504 3,471 (f)
WHITMAN CORP 6.250%, 2000 5,000 4,944 4,962 (f)
WHITMAN CORP 8.110%, 1997 12,500 12,500 12,516 (f)
FIBERGLASS CAD INC 9.800%, 1998 5,000 5,070 5,238 (b) (d)
ISPMEX 10.125%, 2003 5,000 5,000 5,200 (f)
REPAP NEW BRUNSWICK 9.875%, 2000 7,000 7,130 7,263 (f)
STENA AB 10.500%, 2005 3,000 3,000 3,233
TARKETT 9.00 9.000%, 2002 3,650 3,728 3,737 (b) (d) (f)
PAGE 10
Bal. held
at 12-31-96
Principal
Amount of Cost Value at
Bonds (Notes 12-31-96
Name of Issuer and Titles of Issue and Notes a and c) (Note a)
TEEKAY SHIPPING CORP 8.320%, 2008 3,000 3,033 3,008 (f)
TELEWEST PLC 9.625%, 2006 2,000 2,000 2,055
Total Industrial 599,917 600,539 608,200
Total Other Bonds and Notes 2,371,130 2,371,722 2,400,475
Total Bonds and Notes 2,371,495 2,372,084 2,400,840
Bal. Held
at 12-31-96 Cost Value at
Number of (Notes 12-31-96
Shares a and c) (Note a)
Public Utility
ALLTEL 7.75 $100 PAR 7.750%, 2005 24,140 2,434 2,438 (b) (d)
AMERICAN WTRWRKS $25 8.500%, 2000 800,000 20,000 21,089 (b) (d)
AMERITECH NZ A $100 7.040%, 2001 40,000 4,199 4,225 (b) (d) (f)
APPALACHIAN PWR $100 6.850%, 2004 30,000 3,004 3,171
APPALACHIAN PWR $100 5.900%, 2008 10,000 996 998 (f)
APPALACHIAN PWR $100 5.920%, 2008 11,000 1,089 1,076
ARIZONA PUB SER V 7.875%, 2007 7,500 783 795 (f)
ARIZONA PUB SVC $100 10.000%, 2001 120,400 12,703 12,950
ATLANTIC CITY EL $100 7.800%, 2006 90,000 8,988 9,795
ATLANTIC CITY EL $100 8.200%, 2000 49,500 4,945 5,258
BALTIMORE G&E $100 8.625%, 2000 57,984 5,798 6,194
BALTIMORE G&E $100 8.250%, 1999 13,388 1,339 1,357
BELL ATLANTIC NZ 7.080%, 2001 25,000 2,654 2,637 (b) (d) (f)
BELL ATLANTIC NZ $100 5.800%, 2004 100,000 10,000 9,875 (b) (d)
BOSTON EDISON $100 8.000%, 2001 90,000 9,000 9,447
CBI INDUSTRIES $100 7.480%, 2000 70,000 7,090 7,000
CENTRAL ILL LT $100 5.850%, 2008 65,000 6,511 6,565
COMMWLTH ED $100 8.200%, 2002 63,068 6,163 6,496 (b) (d)
COMMONWEALTH EDISON 8.850%, 2003 68,250 6,945 7,030 (b) (d)
CONN LT & PWR $50 5.300%, 2003 75,300 3,709 3,012
CON EDISON $100 SR J 6.125%, 2002 150,000 15,042 15,281
CON EDISON SER I 7.200%, 2007 32,550 3,282 3,422
DUKE POWER $100 SR V 6.400%, 2002 30,000 3,000 3,120
DUKE POWER $100 SR U 6.300%, 2001 30,000 3,000 3,120
DUKE POWER $100 SR T 6.200%, 2000 30,000 3,000 3,120
DUKE POWER 1992D $25 6.200%, 2001 200,000 5,005 5,000
DUKE POWER 1992C $25 6.100%, 2000 250,000 6,270 6,375
DUKE POWER 1992B $25 5.950%, 1999 15,000 380 382 (f)
DUKE POWER CO SER R 7.500%, 2017 13,000 1,366 1,383 (f)
EASTERN EDISON $100 6.625%, 2008 210,000 20,924 21,263
ENTERGY ARKANSAS $25 9.920%, 2002 129,188 3,361 3,423
ENTERGY LA INC PFD 8.000%, 2001 70,000 7,000 7,481
ENTERGY LA $100 7.000%, 1999 80,000 8,004 8,160
PAGE 11
Bal. Held
at 12-31-96 Cost Value at
Number of (Notes 12-31-96
Name of Issuer and Titles of Issue Shares a and c) (Note a)
ENTERGY MISS $100 9.760%, 1997 13,403 1,340 1,367
GREEN MTN PWR CL-D/3 8.625%, 2000 56,000 5,600 5,761 (b) (d)
HAWAII ELEC $100 8.500%, 2005 50,000 5,141 5,238 (b) (d)
MAUI ELEC $100 8.500%, 2005 50,000 5,115 5,238 (b) (d)
HOUSTON LT PWR $100 9.375%, 1999 31,000 3,102 3,147 (b) (d)
INDIANA MICH POWER 6.300%, 2009 52,250 5,222 5,258
IND MICH POWER $100 6.250%, 2009 20,000 2,007 2,007 (f)
INDIANA MICHIGAN PWR 5.900%, 2009 32,500 3,110 3,062
JERSEY CENTRAL P&L 8.650%, 2005 110,400 11,297 12,208
JERSEY CENTRAL P & L 8.480%, 2000 51,000 5,111 5,388
LONG ISL LGT SER AA 7.940%, 2000 273,600 6,898 6,943
LOUISVILLE G&E PFD 5.875%, 2008 12,000 1,197 1,164 (f)
MAINE YANKEE $100 7.480%, 2001 34,918 3,396 3,343
MIDAMERICAN ENERGY 7.800%, 2006 73,300 7,586 7,843
MN P & L $100 7.125%, 2002 50,000 4,974 5,026 (b) (d)
MN P & L 6.700%, 2002 100,000 10,000 10,150 (b) (d)
NJ NATL GAS $100 7.720%, 2001 200,000 20,000 21,500 (b) (d)
NO IND PUB SERV $100 8.850%, 2003 36,750 3,695 3,743 (b) (d)
NO IND PUB SERV $100 6.500%, 2002 101,250 10,578 10,530 (f)
NORTHWEST NAT GA 100 6.950%, 2002 170,000 17,125 18,105
OHIO POWER CO $100 5.900%, 2009 36,000 3,527 3,587
OHI PWR CO $100 6.020%, 2008 10,000 990 1,001
OHIO PWR CO $100 6.350%, 2008 5,000 508 511
ORANGE ROCKLAND$100 8.125%, 1997 6,562 658 663 (b) (d)
OTTER TAIL PWR $100 6.300%, 2007 180,000 18,000 18,360
PECO ENERGY 6.120%, 2003 150,300 14,956 15,218
PACIFIC GAS & ELEC 6.300%, 2009 112,200 2,748 2,714 (f)
PACIFIC GAS & ELEC 6.570%, 2007 567,500 14,152 14,755
PACIFICORP $100 PAR 7.700%, 2001 150,000 15,000 16,313
PENN P&L PFD $100 6.150%, 2003 28,000 2,673 2,825
PENN P&L $100 PAR 6.125%, 2008 60,000 5,955 6,029
PENN PWR & LT $100 6.330%, 2008 155,750 15,439 15,832
POTOMAC ELEC PWR $50 6.800%, 2007 160,800 7,942 8,468
POTOMAC ELECTRIC 7.780%, 2006 160,000 8,007 9,140
PUB SERV COLO $100 7.500%, 2009 173,368 16,735 17,640 (b) (d)
PUGET SOUND P&L $100 8.000%, 2004 3,305 330 339
ROCHESTER G & E $100 6.600%, 2009 52,500 5,180 5,335
ROCHESTER G & E $100 7.650%, 1999 20,000 2,000 2,146
ROCHESTER G & E $100 7.550%, 1998 67,000 6,704 7,117
ROCHESTER G & E $100 7.450%, 1997 52,500 5,250 5,322
SAN DIEGO G & E $25 1.762%, 2008 59,500 1,594 1,577 (f)
SO CA EDISON $100 6.050%, 2008 45,000 4,503 4,357 (f)
SO CA EDISON $100 6.450%, 2002 202,250 20,402 20,781
SO INDIANA G & E $100 6.500%, 2002 75,000 7,500 7,320 (b) (d)
TEXAS UTILITY $100 9.640%, 1998 44,427 4,456 4,527 (b) (d)
TEXAS UTILITIES 6.375%, 2008 54,000 5,435 5,414
TEXAS UTIL $100 PAR 6.980%, 2008 50,000 5,000 5,288
VIRGINIA ELEC & PWR 5.580%, 2000 12,500 1,264 1,262 (f)
VIRGINIA ELEC & PWR 6.350%, 2000 195,200 19,546 20,374
WASHINGTON WATER 8.625%, 2000 48,696 4,876 5,080
PAGE 12
Bal. Held
at 12-31-96 Cost Value at
Number of (Notes 12-31-96
Name of Issuer and Titles of Issue Shares a and c) (Note a)
WASHINGTON WTR POWER 6.950%, 2007 57,500 5,766 6,124
WESTERN RESOURCES 7.580%, 2007 76,000 7,916 7,980
Total Public Utility 7,639,497 565,490 583,358
Finance
ABN AMRO NA (FRAP) 5.940% 15,000 15,000 15,000 (f)
COMERICA (FRAP) 6.840% 50,000 2,597 2,596 (f)
FLEET FIN (FRAP) 6.590% 100,000 5,079 5,132 (f)
HOUSEHLD FIN$100 92A 7.250%, 1997 90,500 9,124 9,299
MORGAN STANLEY GROUP
GROUP (FRAP) 5.910% 100,000 5,000 5,050 (f)
PNC BK (FRAP) SERF 6.050% 440,000 22,160 22,125 (f)
WELLS FRGO (FRAP) SERH 6.590% 357,000 18,164 18,379 (f)
Total Finance 1,152,500 77,124 77,581
Industrial
BOWATER $50 VAR RATE VAR %, 1998 167,869 8,189 8,058 (f)
NORTHBROOK HLDG 1000 6.600%, 2001 10,000 10,000 10,050 (b) (d) (f)
WHIRLPOOL FIN $100 B 6.550%, 2008 180,000 18,137 17,977 (b) (d)
Total Industrial 357,869 36,326 36,085
Total Preferred Stock 9,149,866 678,940 697,024
Other
Industrial
MRS FIELDS 20,176,717 605 605 (f)
Public Utility
EL PASO NATURAL GAS 89,806 3,761 4,536 (f)
Total Other 20,266,523 4,366 5,141
Total Investments in Securities
of Unaffiliated Issuers 3,055,390 3,103,005
Total Reserve for Possible Losses
on Corporate Issues 715
$3,054,675 $3,103,005
PAGE 13
NOTES:
(a) See notes 1 and 3 to financial statements regarding determination of cost and
fair values.
(b) Securities valued by IDS Certificate Company at fair value in the absence of
market quotations.
(c) The aggregate cost of investments in securities of unaffiliated issuers for
federal income tax purposes was $3,053,100.
(d) Securities acquired in private negotiation which may require registration under
federal securities laws if they were to be publicly sold. Also see note 3B to
financial statements.
(e) Non-income producing securities.
(f) Securities classified as available for sale and carried at fair value in the
balance sheet. Also see notes 1 and 3A to financial statements.
PAGE 14
IDS CERTIFICATE COMPANY SCHEDULE II
Investments in and Advances to Affiliates and Income Thereon
December 31, 1996, 1995 and 1994
($ in thousands)
Balance December 31, 1996
Interest
Dividends
Principal Carrying Credited
Amount or Cost Value to Income
Name of Issuer and Title of Issue No. of Shares (a)&(c) (b) (d)
Wholly Owned Subsidiary (b):
Real Estate Investment Company:
Investors Syndicate Development Corporation:
Capital Stock...................... 100 $2,998 $6,444 $0
Other Controlled Company:
Real Estate Development Company:
Mankato Ventures, First Mortgage Loan.. $0 0 0 36
Other Affiliates (as defined in Sec. 2(a)(3) of the
Investment Company Act of 1940).......... 0 0 0 0
Total affiliates...................................$2,998 $6,444 $36
PAGE 15
IDS CERTIFICATE COMPANY SCHEDULE II
Investments in and Advances to Affiliates and Income Thereon
December 31, 1996, 1995 and 1994
($ in thousands)
Balance December 31, 1995
Interest
Dividends
Principal Carrying Credited
Amount or Cost Value to Income
Name of Issuer and Title of Issue No. of Shares (a)&(c) (b) (d)
Wholly Owned Subsidiary (b):
Real Estate Investment Company:
Investors Syndicate Development Corporation:
Capital Stock...................... 100 $2,998 $5,193 $0
Other Controlled Company:
Real Estate Development Company:
Mankato Ventures, First Mortgage Loan.. $462 462 462 56
Other Affiliates (as defined in Sec. 2(a)(3) of the
Investment Company Act of 1940).......... 0 0 0 0
Total affiliates...................................$3,460 $5,655 $56
PAGE 16
IDS CERTIFICATE COMPANY SCHEDULE II
Investments in and Advances to Affiliates and Income Thereon
December 31, 1996, 1995 and 1994
($ in thousands)
Balance December 31, 1994
Interest
Dividends
Principal Carrying Credited
Amount or Cost Value to Income
Name of Issuer and Title of Issue No. of Shares (a)&(c) (b) (d)
Wholly Owned Subsidiary (b):
Real Estate Investment Company:
Investors Syndicate Development Corporation:
Capital Stock...................... 100 $2,998 $4,819 $0
Other Controlled Company:
Real Estate Development Company:
Mankato Ventures, First Mortgage Loan.. $580 580 580 68
Other Affiliates (as defined in Sec. 2(a)(3) of the
Investment Company Act of 1940).......... 0 0 0 0
Total affiliates...................................$3,578 $5,399 $68
PAGE 17
IDS CERTIFICATE COMPANY SCHEDULE II
Investments in and Advances to Affiliates and Income Thereon
December 31, 1996, 1995 and 1994
($ in thousands)
NOTES:
(a) The aggregate cost for federal income tax purposes at December 31, 1996, 1995 and 1994 was $5,159,
$5,526 and $4,677 respectively, subject to possible adjustment in certain circumstances under
consolidated income tax return regulations.
(b) Investments in stocks of wholly owned subsidiaries are carried at cost adjusted for equity in undistributed
net income since organization or acquisition of the subsidiaries.
(c) Changes in investment in affiliate during the three years ended December 31, 1996 are summarized
below:
Cost at Additions (Deductions) Cost at
Name of Issuer and Dec. 31, Dec. 31,
Title of Issue 1993 1994 1995 1996 1996
---------------------------- ----------- ------- ------- ------ -----------
Mankato Ventures,
First Mortgage
Loan 684 (104) (118) (462) 0
(d) There were no dividends or interest earned which were not credited to income.
PAGE 18
IDS CERTIFICATE COMPANY SCHEDULE III
Mortgage Loans on Real Estate and Interest Earned on Mortgages
Year Ended December 31, 1996
($ in thousands)
Part 1 - Mortgage loans on real estate at end of period
Amount of principal
unpaid at end of period
Carrying Subject Amount
amount of to of
Number Prior mortgages delinquent mortgages
of liens (c),(g),(h) interest being
Description (a) loans (b) and (i) Total (d) forclosed
First mortgages:
Insured by Federal Housing Administration - liens on:
Residential - under $100 0 0 0 0 0
Apartment and business - under $100 0 0 0 0 0
Total 0 0 0 0 0
Partially guaranteed under Servicemen's
Readjustment Act of 1944, as amended - liens on:
Residential - under $100 0 0 0 0 0
Apartment and business - under $100 0 0 0 0 0
Total 0 0 0 0 0
Other - liens on:
Residential 0 0 0 0 0
Apartment and business:
Under $100 1 54 415 0 0
$100 to $150 1 101 101 0 0
$150 to $200 1 182 432 0 0
$200 to $250 2 447 447 0 0
$250 to $300 1 271 271 0 0
$300 to $350 1 339 339 0 0
$350 to $400 2 759 759 0 0
$400 to $450 1 408 408 0 0
$450 to $500 0 0 0 0 0
Over $500:
Loan No. Mortgagor Property Location
20-00001 NSP, LTD Bloomington, MN 1 631 631 0 0
20-00002 CCH-Space Center Austin, TX 1 2,000 2,000 0 0
21-47004 Retired Teachers Housing Authority Yukon, OK 1 544 544 0 0
21-47084 Ryan Construction Co. Eden Prairie, MN 1 1,750 1,750 0 0
PAGE 19
Part 1 - Mortgage loans on real estate at end of period
Amount of principal
unpaid at end of period
Carrying Subject Amount
Description(a) amount of to of
Number Prior mortgages delinquent mortgages
Over $500: of liens (c),(g),(h) interest being
Loan No. Mortgagor Property Location loans (b) and (i) Total (d) forclosed
21-47106 1225 No. County Road 18 LTD Plymouth, MN 1 1,700 1,700 0 0
21-47110 Lloyd Engelsma Brooklyn Park, MN 1 2,404 2,404 0 0
21-47116 McCaughey Dev. Association Madison, WI 1 1,183 1,183 0 0
21-47128 Century Income Properties Fund Brookfield,WI 1 1,916 1,916 0 0
21-47139 Treasurer's Island Inc. Eagan, MN 1 1,517 1,517 0 0
21-47140 Harbour Run LTD MentorOnTheLake,OH 1 4,118 4,118 0 0
21-47141 John E. Smith Lafayette, IN 1 3,829 3,829 0 0
21-47142 34th Street Properties Partnership Gainsville, FL 1 10,102 10,102 0 0
21-47144 Turnquist, Inc. Brooklyn Park, MN 1 4,252 4,252 0 0
21-47147 Columbus Real Estate Co. Hilliard, OH 1 7,683 7,683 0 0
21-47148 Turner Development Corporation Orlando, FL 1 4,523 4,523 0 0
21-47150 Bircain Apartment Company LP Gladstone, MO 1 2,446 2,446 0 0
21-47152 Richard D. Fownes Trustee Boston, MA 1 3,290 3,290 0 0
21-47154 Kenneth Grandberg Trustee Randolph, MA 1 3,127 3,127 0 0
21-47157 John A. Belanich Tampa, FL 1 3,604 3,604 0 0
21-47158 Grande Associates South River, NJ 1 4,162 4,162 0 0
21-47159 Grande Associates Marlton, NJ 1 3,736 3,736 0 0
21-47160 James Esshaki DBA Taylor MI 1 6,084 6,084 0 0
21-47162 York Creek #3 LTD DBA Taylor MI 1 3,959 3,959 0 0
21-47164 K & M Hamilton Development Co. Halmilton, OH 1 5,754 5,754 0 0
21-47165 Bowling Freen Partnership Sussex, WI 1 2,635 2,635 0 0
21-47166 Colonial Estates Associates Warrington, PA 1 6,164 6,164 0 0
21-47167 Wilder Corp of Delaware Ruskin, FL 1 5,624 5,624 0 0
PAGE 20
Part 1 - Mortgage loans on real estate at end of period
Amount of principal
unpaid at end of period
Carrying Subject Amount
Description(a) amount of to of
Number Prior mortgages delinquent mortgages
Over $500: of liens (c),(g),(h) interest being
Loan No. Mortgagor Property Location loans (b) and (i) Total (d) forclosed
21-47168 Wilder Corp of Delaware Riverview, FL 1 3,104 3,104 0 0
21-47169 Franklin & Bonnie Kottshade Rochester, MN 1 4,313 4,313 0 0
21-47170 Franklin & Bonnie Kottshade Rochester, MN 1 1,142 1,142 0 0
21-47172 Dial Reit Inc. Fremont, NE 1 2,926 2,926 0 0
21-47173 Cinram Associates Fairfield, NJ 1 3,851 3,851 0 0
21-47177 Griffin Real Estate Fund II LP Urbandale, IA 1 2,820 2,820 0 0
21-47178 Griffin Real Estate Fund II LP Urbandale, IA 1 2,443 2,443 0 0
21-47179 Morrestown Office Center Morrestown, NJ 1 2,701 2,701 0 0
21-47181 Westlake #1 Limited Partnership Charlotte, NC 1 2,312 2,312 0 0
21-47183 Cowne Point Ltd Partnership Holland, MI 1 3,880 3,880 0 0
21-47184 Mcnab Commerce Center Association Pompano Beach, FL 1 2,176 2,176 0 0
21-47186 Mack Edison Company Edison, NJ 1 6,709 6,709 0 0
21-47187 Industrial Development Association Mebane, NC 1 2,575 2,575 0 0
21-47190 Dial Reit Inc. Davenport, IA 1 4,099 4,099 0 0
21-47191 SSC Associates Ltd Ptnshp St. Claire Shores, MI 1 6,177 6,177 0 0
21-47192 Tree Trail Village Association Norcross, GA 1 6,614 6,614 0 0
21-47193 ECPG (Peoria) Association Glendale, AZ 1 6,447 6,447 0 0
21-47194 Briar Development Company Tacoma, WA 1 4,197 4,197 0 0
21-47195 Tipotex Inc. Pharr, TX 1 1,859 1,859 0 0
21-47196 Wilder Corporation Pharr, TX 1 4,053 4,053 0 0
21-47197 Wilder Corporation Alamo, TX 1 953 953 0 0
21-47198 Investors Real Estate Trust Grand Forks, ND 1 4,145 4,145 0 0
21-47199 Warren and Kelso Company Cheltenham Twsp, PA 1 2,854 2,854 0 0
21-47201 Oakland Park Festival Ctr Oakland Park, FL 1 4,306 4,306 0 0
21-47202 Lakewood West Ltd Partnership Lakewood, CO 1 4,184 4,184 0 0
21-47203 Desert Shadow Tucson, AZ 1 8,858 8,858 0 0
21-47204 Fort Walton Mary Esther, FL 1 3,050 3,050 0 0
21-47205 Kavanaugh Tucson, AZ 1 3,796 3,796 0 0
21-47206 Hicker Albequerque, NM 1 5,735 5,735 0 0
21-47207 Newport VII Albequerque, NM 1 2,546 2,546 0 0
21-47208 Newport VI Albequerque, NM 1 999 999 0 0
0-3027654 DFB Associates Costa Mesa, CA 1 1,043 1,043 0 0
0-3031967 Special Partnership St. Anthony, MN 1 532 532 0 0
70 218,697 219,308 0 0
Total Other 70 218,697 219,308 0 0
Total First Mortgage Loans on Real Estate 70 218,697 219,308 0 0
PAGE 21
Part 2 -
Interest earned on mortgages
Average
gross rate
Interest of interest
due and on mortgages
accrued held at end
at end of of period
Description (a) period (e) (f)
First mortgages:
Insured by Federal Housing Administration - liens on:
Residential - under $100 0.000%
Apartment and business - under $100 0.000%
Total 0.000%
Partially guaranteed under Servicemen's
Readjustment Act of 1944, as amended - liens on:
Residential - under $100 0.000%
Apartment and business - under $100 0.000%
Total 0.000%
Other - liens on:
Residential 0.000%
Apartment and business:
Under $100 9.500%
$100 to $150 9.375%
$150 to $200 9.250%
$200 to $250 8.750%
$250 to $300 9.900%
$300 to $350 9.750%
$350 to $400 8.564%
$400 to $450 12.000%
$450 to $500 0.000%
Over $500:
Loan No. Mortgagor Property Location
20-00001 NSP, LTD Bloomington, MN 8.750%
21-46978 Kraus Anderson Burnsville, MN 8.000%
21-47004 Retired Teachers Housing Authority Yukon, OK 8.875%
21-47084 Ryan Construction Co. Eden Prairie, MN 8.500%
PAGE 22
Part 2 -
Interest earned on mortgages
Average
gross rate
Interest of interest
due and on mortgages
accrued held at end
at end of of period
Description (a) period (e) (f)
Over $500:
Loan No. Mortgagor Property Location
21-47106 1225 No. County Road 18 LTD Plymouth, MN 8.000%
21-47110 Lloyd Engelsma Brooklyn Park, MN 8.750%
21-47116 McCaughey Dev. Association Madison, WI 8.500%
21-47128 Century Income Properties Fund Brookfield,WI 8.250%
21-47139 Treasurer's Island Inc. Eagan, MN 8.625%
21-47140 Harbour Run LTD MentorOnTheLake,OH 9.000%
21-47141 John E. Smith Lafayette, IN 10.000%
21-47142 34th Street Properties Partnership Gainsville, FL 8.125%
21-47144 Turnquist, Inc. Brooklyn Park, MN 8.875%
21-47147 Columbus Real Estate Co. Hilliard, OH 8.375%
21-47148 Turner Development Corporation Orlando, FL 7.375%
21-47150 Bircain Apartment Company LP Gladstone, MO 7.250%
21-47152 Richard D. Fownes Trustee Boston, MA 8.000%
21-47154 Kenneth Grandberg Trustee Randolph, MA 8.250%
21-47157 John A. Belanich Tampa, FL 8.750%
21-47158 Grande Associates South River, NJ 7.500%
21-47159 Grande Associates Marlton, NJ 7.500%
21-47160 James Esshaki DBA Taylor MI 8.500%
21-47162 York Creek #3 LTD DBA Taylor MI 9.750%
21-47164 K & M Hamilton Development Co. Halmilton, OH 9.625%
21-47165 Bowling Freen Partnership Sussex, WI 8.625%
21-47166 Colonial Estates Associates Warrington, PA 8.750%
21-47167 Wilder Corp of Delaware Ruskin, FL 9.625%
PAGE 23
Part 2 -
Interest earned on mortgages
Average
gross rate
Interest of interest
due and on mortgages
accrued held at end
at end of of period
Description (a) period (e) (f)
Over $500:
Loan No. Mortgagor Property Location
21-47168 Wilder Corp of Delaware Riverview, FL 9.625%
21-47169 Franklin & Bonnie Kottshade Rochester, MN 9.000%
21-47170 Franklin & Bonnie Kottshade Rochester, MN 9.750%
21-47172 Dial Reit Inc. Fremont, NE 9.250%
21-47173 Cinram Associates Fairfield, NJ 9.125%
21-47177 Griffin Real Estate Fund II LP Urbandale, IA 8.375%
21-47178 Griffin Real Estate Fund II LP Urbandale, IA 8.375%
21-47179 Morrestown Office Center Morrestown, NJ 8.625%
21-47181 Westlake #1 Limited Partnership Charlotte, NC 8.250%
21-47183 Cowne Point Ltd Partnership Holland, MI 9.250%
21-47184 Mcnab Commerce Center Association Pompano Beach, FL 9.000%
21-47186 Mack Edison Company Edison, NJ 8.000%
21-47187 Industrial Development Association Mebane, NC 8.125%
21-47190 Dial Reit Inc. Davenport, IA 8.000%
21-47191 SSC Associates Ltd Ptnshp St. Claire Shores, MI 7.125%
21-47192 Tree Trail Village Association Norcross, GA 8.250%
21-47193 ECPG (Peoria) Association Glendale, AZ 7.000%
21-47194 Briar Development Company Tacoma, WA 8.750%
21-47195 Tipotex Inc. Pharr, TX 9.125%
21-47196 Wilder Corporation Pharr, TX 9.125%
21-47197 Wilder Corporation Alamo, TX 9.125%
21-47198 Investors Real Estate Trust Grand Forks, ND 7.500%
21-47199 Warren and Kelso Company Cheltenham Twsp, PA 8.125%
21-47201 Oakland Park Festival Ctr Oakland Park, FL 7.750%
21-47202 Lakewood West Ltd Partnership Lakewood, CO 7.750%
21-47203 Desert Shadow Tucson, AZ 8.750%
21-47204 Fort Walton Mary Esther, FL 8.125%
21-47205 Kavanaugh Tucson, AZ 8.000%
21-47206 Hicker Albequerque, NM 8.250%
21-47207 Newport VII Albequerque, NM 8.125%
21-47208 Newport VI Albequerque, NM 8.125%
0-3027654 DFB Associates Costa Mesa, CA 9.500%
0-3031967 Special Partnership St. Anthony, MN 9.250%
8.450%
Total Other 8.450%
Total First Mortgage Loans on Real Estate 8.450%
PAGE 24
Part 3 - Location of mortgaged properties
($ in thousands)
Amount of principal
unpaid at end of period
Carrying Subject
State in amount of to Amount of
which mortgaged Number Prior mortgages delinquent mortgages
property of liens (c), (g), interest being
is located loans (b) (h) and (i) Total (d) foreclosed
Arizona 3 19,101 19,101
California 3 1,653 1,653
Colorado 1 4,184 4,184
Florida 8 36,490 36,490
Georgia 1 6,614 6,614
Indiana 1 3,829 3,829
Iowa 3 9,362 9,362
Massachusetts 2 6,417 6,417
Michigan 4 20,100 20,100
Minnesota 11 18,668 18,918
Missouri 1 2,446 2,446
Nebraska 1 2,926 2,926
New Jersey 6 21,544 21,544
New Mexico 3 9,280 9,280
North Carolina 2 4,887 4,887
North Dakota 1 4,145 4,145
Ohio 3 17,555 17,555
Oklahoma 3 1,154 1,154
Pennsylvania 2 9,018 9,018
South Dakota 1 373 373
Texas 6 9,019 9,380
Washington 1 4,197 4,197
Wisconsin 3 5,735 5,735
Total 70 218,697 219,308 0 0
PAGE 25
NOTES:
(a) The classification "residential" includes single dwellings only. Residential multiple dwellings are included
in "apartment and business".
(b) Real estate taxes and easements, which in the opinion of the Company are not undue burden on the properties,
have been excluded from the determination of "prior liens".
(c) In this schedule III, carrying amount of mortgage loans represents unpaid principal balances plus unamortized
premiums less unamortized discounts and allowance for loss.
(d) Interest in arrears for less than three months has been disregarded in computing the total amount of principal
subject to delinquent interest. The amounts of mortgage loans being forclosed are also included in amounts
subject to delinquent interest.
(e) Information as to interest due and accrued at the end of the period is shown by type of mortgage loan.
Information as to interest due and accrued for the various classes within the types of mortgage loans is not
readily available and the obtaining thereof would involve unreasonable effort and expense.
The Company does not accrue interest on loans which are over three months delinquent.
(f) Information as to interest income by type and class of loan has been omitted because it is not readily available
and the obtaining thereof would involve unreasonable effort and expense. In lieu thereof, the average gross
interest rates (exclusive of amortization of discounts and premiums) on mortgage loans held at
December 31, 1996 are shown by type and class of loan.
The average gross interest rates on mortgage loans held at December 31, 1996, 1995 and 1994 are
summarized as follows:
1996 1995 1994
First mortgages:
Insured by Federal Housing Administratio 0.000% 0.000% 7.186%
Partially guaranteed under Servicemen's
Readjustment Act of 1944, as amended 0.00 0.00 8.000
Other 8.45 8.90 8.884
Combined average 8.450% 8.901% 8.884%
(g) Following is a reconciliation of the carrying amount of mortgage loans for the years ended
December 31, 1996, 1995 and 1994.
1996 1995 1994
Balance at beginning of period $233,394 $253,968 $281,865
Additions during period:
New loans acquired:
Nonaffiliated companies 18,301 9,000 0
Allowance for loss transferred to real esta 0 0 350
Amortization of discount/ premium 0 0 51
Total additions 18,301 9,000 401
251,695 262,968 282,266
Deductions during period:
Collections of principal 32,998 29,533 28,298
Cost of mortgages sold 0 41 0
Total deductions 32,998 29,574 28,298
Balance at end of period $218,697 $233,394 $253,968
(h) The aggregate cost of mortgage loans for federal income tax purposes at December 31, 1996 was $219,308.
(i) At December 31, 1996, an allowance for loss of $611 is recorded which represents the amount of impairment on
mortgage loans.
(j) New loans acquired during 1996 include $2,000 of proceeds received from sale of real estate in lieu of cash.
/TABLE
PAGE 26
SCHEDULE V
IDS CERTIFICATE COMPANY
Qualified Assets on Deposit
December 31, 1996
($ thousands)
Investment Securities
Bonds and Mortgage
Notes Stocks Loans Other
Name of Depositary (a) (b) (c) (d) Total
Deposits with states or their depositaries to
meet requirements of statutes and
agreements:
Illinois - Secretary of
State of Illinois $50 $0 $0 $0 $50
New Jersey - Commissioner
of Banking and Insurance
of New Jersey 49 0 0 0 49
Pennsylvania - Treasurer
of the State of
Pennsylvania 148 0 0 0 148
Texas - Treasurer of the
State of Texas 115 0 0 0 115
Total deposits with states or their
depositaries to meet requirements of
statues and agreements 362 0 0 0 362
Central depositary - American
Express Trust Company (e) 2,434,047 683,306 218,697 18,991 3,355,041
Total $2,434,409 $683,306 $218,697 $18,991 $3,355,403
Notes:
(a) Represents amortized cost of bonds and notes.
(b) Represents average cost of individual issues of stocks.
(c) Represents unpaid principal balance of mortgage loans less unamortized
discounts and reserve for losses.
(d) Represents amortized cost of purchased call options.
PAGE 27
Schedule VI
IDS CERTIFICATE COMPANY
Certificate Reserves
Part 1 - Summary of Changes
Year ended December 31, 1996 Balance at beginning of period
($ in thousands)
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
Installment certificates:
Reserves to mature:
Series 15, includes extended maturities 2.40 Inst/2.50 Ext. 1 $ 5 1
" 20, " " " 2.52 Inst/2.50 Ext. 33 407 366
" 15A, " " " 2.66 Inst/3.04 Ext. 56 831 770
" 22A, " " " 3.09 2,051 36,322 29,265
" I-76, " " " 3.35 1,001 23,309 9,830
" Reserve Plus Flexible Payment (note a) 466 4,400 2,336
" IC-Q-Installment (note a) 302 3,215 1,198
" IC-Q-Ins (note a) 21,505 275,345 112,274
" IC-Q-Ins Emp (note a) 117 1,765 551
" IC-1 (note a) 57,510 1,053,083 163,021
" IC-1-Emp (note a) 433 7,229 1,104
" RP-Q-Installment (note a) 318 4,379 2,695
" RP-Q-Flexible Payment (note a) 105 1,704 408
" RP-Q-Ins (note a) 595 11,401 3,709
" RP-Q-Ins Emp (note a) 5 176 23
" RP-1 (note a) 498 14,852 2,631
" RP-1-Emp (note a) 5 1,254 14
Total 85,001 1,439,677 330,196
Payments made in advance of certificate
year requirements and accrued interest
thereon:
Series 15, includes extended maturities 2 Not Not 0
" 20, " " " 2 Readily Applicable 18
" 15A, " " " 3 Available 24
" 22A, " " " 3 951
" I-76, " " " 3.5 401
Total 1,394
PAGE 28
Additions
Charged
Yield Charged Reserve to other
to maturity to profit payments by accounts
on an annual and loss certificate (per
Description payment basis or income holders part 2)
Installment certificates:
Reserves to mature:
Series 15, includes extended maturities 2.40 Inst/2.50 Ext. 0 0 0
" 20, " " " 2.52 Inst/2.50 Ext. 8 2 19
" 15A, " " " 2.66 Inst/3.04 Ext. 14 10 5
" 22A, " " " 3.09 820 480 2,733
" I-76, " " " 3.35 313 375 44
" Reserve Plus Flexible Payment (note a) 0 346 63
" IC-Q-Installment (note a) 0 122 24
" IC-Q-Ins (note a) 0 14,907 2,720
" IC-Q-Ins Emp (note a) 0 85 16
" IC-1 (note a) 0 94,233 5,739
" IC-1-Emp (note a) 0 755 51
" RP-Q-Installment (note a) 0 40 75
" RP-Q-Flexible Payment (note a) 0 2 6
" RP-Q-Ins (note a) 0 276 93
" RP-Q-Ins Emp (note a) 0 2 1
" RP-1 (note a) 0 1,339 90
" RP-1-Emp (note a) 0 6 1
Total 1,155 112,980 11,680
Payments made in advance of certificate
year requirements and accrued interest
thereon:
Series 15, includes extended maturities 2 0 0 0
" 20, " " " 2 1 4 0
" 15A, " " " 3 1 3 0
" 22A, " " " 3 40 247 85
" I-76, " " " 3.5 19 76 4
Total 61 330 89
PAGE 29
Deductions
Credited
Yield Cash to other
to maturity surrenders accounts
on an annual prior to (per
Description payment basis Maturities maturity part 2)
Installment certificates:
Reserves to mature:
Series 15, includes extended maturities 2.40 Inst/2.50 Ext. 0 0 1
" 20, " " " 2.52 Inst/2.50 Ext. 48 0 123
" 15A, " " " 2.66 Inst/3.04 Ext. 120 6 359
" 22A, " " " 3.09 2,193 1,566 6,352
" I-76, " " " 3.35 0 1,485 289
" Reserve Plus Flexible Payment (note a) 31 975 4
" IC-Q-Installment (note a) 448 263 2
" IC-Q-Ins (note a) 1,763 48,835 14
" IC-Q-Ins Emp (note a) 0 314 0
" IC-1 (note a) 0 43,339 0
" IC-1-Emp (note a) 0 364 0
" RP-Q-Installment (note a) 95 606 0
" RP-Q-Flexible Payment (note a) 254 36 8
" RP-Q-Ins (note a) 71 1,274 0
" RP-Q-Ins Emp (note a) 0 0 0
" RP-1 (note a) 0 694 0
" RP-1-Emp (note a) 0 7 0
Total 5,023 99,764 7,152
Payments made in advance of certificate
year requirements and accrued interest
thereon:
Series 15, includes extended maturities 2 0 0 0
" 20, " " " 2 5 1 5
" 15A, " " " 3 1 4 8
" 22A, " " " 3 21 43 461
" I-76, " " " 3.5 0 100 27
Total 27 148 501
PAGE 30
Balance at close of period
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
Installment certificates:
Reserves to mature:
Series 15, includes extended maturities 2.40 Inst/2.50 Ext. 0 0 0
" 20, " " " 2.52 Inst/2.50 Ext. 21 256 224
" 15A, " " " 2.66 Inst/3.04 Ext. 14 341 314
" 22A, " " " 3.09 1,545 29,381 23,187
" I-76, " " " 3.35 822 19,231 8,788
" Reserve Plus Flexible Payment (note a) 372 3,475 1,735
" IC-Q-Installment (note a) 142 1,436 631
" IC-Q-Ins (note a) 14,496 180,394 79,289
" IC-Q-Ins Emp (note a) 73 914 338
" IC-1 (note a) 61,488 1,103,589 219,654
" IC-1-Emp (note a) 425 7,490 1,546
" RP-Q-Installment (note a) 250 3,368 2,109
" RP-Q-Flexible Payment (note a) 22 300 118
" RP-Q-Ins (note a) 403 8,093 2,733
" RP-Q-Ins Emp (note a) 5 176 26
" RP-1 (note a) 494 15,371 3,366
" RP-1-Emp (note a) 5 1,292 14
Total 80,577 1,375,107 344,072
Payments made in advance of certificate
year requirements and accrued interest
thereon:
Series 15, includes extended maturities 2 Not Not 0
" 20, " " " 2 Readily Applicable 12
" 15A, " " " 3 Available 15
" 22A, " " " 3 798
" I-76, " " " 3.5 373
Total 1,198
PAGE 31
Balance at beginning of period
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
Additional credits and accrued interest
thereon:
Series 15, includes extended maturities 2.5 0
" 20, " " " 2.5 Not Not 78
" 15A, " " " 3 Readily Applicable 129
" 22A, " " " 3 Available 5,940
" I-76, " " " 3.5 2,247
" Reserve Plus Flexible Payment (note a) 0
" IC-Q-Installment (note a) 0
" IC-Q-Ins (note a) 0
" IC-Q-Ins Emp (note a) 0
" IC-1 (note a) 214
" IC-1-Emp (note a) 2
" RP-Q-Installment (note a) 0
" RP-Q-Flexible Payment (note a) 0
" RP-Q-Ins (note a) 0
" RP-Q-Ins Emp (note a) 0
" RP-1 (note a) 3
" RP-1-Emp (note a) 0
Total 8,613
Reserve for accrued extra contribution 3rd year 12,322
Reserve for accrued extra contribution 6th year 563
Accrued interest on reserves in default I-76 3.5 2
Reserve for additional credits to be allowed Not Not
Installment Certificates-Special Additional Readily Applicable
Credits I-76 Available 0
Accrued for additional credits to be allowed at
next anniversary 276
Reserve for death and disability refund options 0
Reserve for reconversion of paid-up certificates 53
Total installment certificates 353,419
PAGE 32
Additions
Charged
Yield Charged Reserve to other
to maturity to profit payments by accounts
on an annual and loss certificate (per
Description payment basis or income holders part 2)
Additional credits and accrued interest
thereon:
" 15, includes extended maturities 2.5 0 0
" 20, " " " 2.5 1 Not 9
" 15A, " " " 3 2 Applicable 10
" 22A, " " " 3 153 912
" I-76, " " " 3.5 72 110
" Reserve Plus Flexible Payment (note a) 63 0
" IC-Q-Installment (note a) 24 0
" IC-Q-Ins (note a) 2,723 0
" IC-Q-Ins Emp (note a) 16 0
" IC-1 (note a) 5,793 0
" IC-1-Emp (note a) 51 0
" RP-Q-Installment (note a) 75 0
" RP-Q-Flexible Payment (note a) 6 0
" RP-Q-Ins (note a) 93 0
" RP-Q-Ins Emp (note a) 1 0
" RP-1 (note a) 91 0
" RP-1-Emp (note a) 1 0
Total 9,165 1,041
Reserve for accrued extra contribution 3rd year 4,987 (2,897) 0
Reserve for accrued extra contribution 6th year 197 (478) 0
Accrued interest on reserves in default I-76 3.5 6 0 0
Reserve for additional credits to be allowed
Installment Certificates-Special Additional
Credits I-76 0 0 0
Accrued for additional credits to be allowed at
next anniversary 453 0 0
Reserve for death and disability refund options 0 0 0
Reserve for reconversion of paid-up certificates 0 0 0
Total installment certificates 16,024 109,935 12,810
PAGE 33
Deductions
Credited
Yield Cash to other
to maturity surrenders accounts
on an annual prior to (per
Description payment basis Maturities maturity part 2)
Additional credits and accrued interest
thereon:
Series 15, includes extended maturities 2.5 0 0 0
" 20, " " " 2.5 12 0 29
" 15A, " " " 3 22 1 70
" 22A, " " " 3 462 315 1,306
" I-76, " " " 3.5 0 344 64
" Reserve Plus Flexible Payment (note a) 0 0 63
" IC-Q-Installment (note a) 0 0 24
" IC-Q-Ins (note a) 0 0 2,723
" IC-Q-Ins Emp (note a) 0 0 16
" IC-1 (note a) 0 0 5,741
" IC-1-Emp (note a) 0 0 51
" RP-Q-Installment (note a) 0 0 75
" RP-Q-Flexible Payment (note a) 0 0 6
" RP-Q-Ins (note a) 0 0 93
" RP-Q-Ins Emp (note a) 0 0 1
" RP-1 (note a) 0 0 90
" RP-1-Emp (note a) 0 0 1
Total 496 660 10,353
Reserve for accrued extra contribution 3rd year 0 0 0
Reserve for accrued extra contribution 6th year 0 0 0
Accrued interest on reserves in default I-76 3.5 0 0 6
Reserve for additional credits to be allowed
Installment Certificates-Special Additional
Credits I-76 0 0 0
Accrued for additional credits to be allowed at
next anniversary 0 0 530
Reserve for death and disability refund options 0 0 0
Reserve for reconversion of paid-up certificates 0 0 0
Total installment certificates 5,546 100,572 18,542
PAGE 34
Balance at close of period
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
Additional credits and accrued interest
thereon:
Series 15, includes extended maturities 2.5 0
" 20, " " " 2.5 Not Not 47
" 15A, " " " 3 Readily Applicable 48
" 22A, " " " 3 Available 4,922
" I-76, " " " 3.5 2,021
" Reserve Plus Flexible Payment (note a) 0
" IC-Q-Installment (note a) 0
" IC-Q-Ins (note a) 0
" IC-Q-Ins Emp (note a) 0
" IC-1 (note a) 266
" IC-1-Emp (note a) 2
" RP-Q-Installment (note a) 0
" RP-Q-Flexible Payment (note a) 0
" RP-Q-Ins (note a) 0
" RP-Q-Ins Emp (note a) 4
" RP-1 (note a) 0
Total 7,310
Reserve for accrued extra contribution 3rd year 14,412
Reserve for accrued extra contribution 6th year 282
Accrued interest on reserves in default I-76 3.5 2
Reserve for additional credits to be allowed
Installment Certificates-Special Additional Not Not
Credits I-76 Readily Applicable 0
Accrued for additional credits to be allowed at Available
next anniversary 199
Reserve for death and disability refund options 0
Reserve for reconversion of paid-up certificates 53
Total installment certificates 367,528
PAGE 35
Balance at beginning of period
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
Fully paid certificates:
Single-payment certificates:
SP 74 3.5 1 8 8
SP 75 3.5 44 367 366
SP 76 3.5 366 3,072 2,987
SP 77 3.5 442 3,088 2,909
SP 78 3.5 541 3,985 3,633
SP 79 3.5 613 4,800 4,234
SP 80 3.5 604 4,813 4,094
SP 81A 3.5 480 3,175 2,605
SP 82A 3.5 447 4,361 3,460
SP 82B 3.5 785 7,016 5,504
SP 83A 3.5 141 1,216 940
SP 83B 3.5 317 2,858 2,175
IC-2-84 3.5 1,263 12,298 9,050
IC-2-85 3.5 697 7,443 6,880
IC-2-86 3.5 366 4,571 3,775
IC-2-87 3.5 456 5,957 4,653
IC-2-88 3.5 870 12,875 9,087
Reserve Plus Single Payment (note a) 1,432 6,764 10,205
Cash Reserve Single Payment (note b) 58 271 228
IC-Flexible Savings (formerly Variable Term) (note d) 125,194 1,025,145 1,090,095
IC-Flexible Savings Emp (formerly Variable Term) (note d) 1,540 13,147 15,070
IC-Preferred Investors (note d) 0 0 0
IC-Investors (note d) 546 565,213 590,747
IC-Special Deposits (note d) 62 56,830 58,457
IC-1-84 (note c) 92 564 578
Cash Reserve Variable Payment (note b) 764 3,704 4,731
Cash Reserve Variable Payment-3mo. (note e) 47,447 213,252 224,047
IC-Future Value (note f) 20,452 229,864 229,864
IC-Future Value Emp (note f) 407 4,300 4,300
IC-Stock Market (note g) 43,358 154,060 166,263
IC-AEBI Stock Market (note g) 24 5,872 6,362
Total 249,809 2,360,889 2,467,307
PAGE 36
Additions
Charged
Yield Charged Reserve to other
to maturity to profit payments by accounts
on an annual and loss certificate (per
Description payment basis or income holders part 2)
Fully paid certificates:
Single-payment certificates:
SP 74 3.5 0 0 0
SP 75 3.5 1 0 0
SP 76 3.5 77 0 0
SP 77 3.5 95 0 0
SP 78 3.5 117 0 0
SP 79 3.5 135 0 0
SP 80 3.5 131 0 0
SP 81A 3.5 77 0 0
SP 82A 3.5 112 0 0
SP 82B 3.5 172 0 0
SP 83A 3.5 29 0 0
SP 83B 3.5 69 0 0
IC-2-84 3.5 287 0 0
IC-2-85 3.5 0 0 329
IC-2-86 3.5 0 0 173
IC-2-87 3.5 0 0 215
IC-2-88 3.5 0 0 422
Reserve Plus Single Payment (note a) 0 0 392
Cash Reserve Single Payment (note b) 0 0 9
IC-Flexible Savings (formerly Variable Term) (note d) 0 173,006 41,884
IC-Flexible Savings Emp (formerly Variable Term) (note d) 0 4,620 814
IC-Preferred Investors (note d) 0 25,111 73
IC-Investors (note d) 0 262,568 30,158
IC-Special Deposits (note d) 0 41,065 2,441
IC-1-84 (note c) 0 0 28
Cash Reserve Variable Payment (note b) 0 452 175
Cash Reserve Variable Payment-3mo. (note e) 0 275,959 9,862
IC-Future Value (note f) 0 6,598 0
IC-Future Value Emp (note f) 0 71 0
IC-Stock Market (note g) 0 128,386 16,955
IC-AEBI Stock Market (note g) 0 1,310 593
Total 1,302 919,146 104,523
PAGE 37
Deductions
Credited
Yield Cash to other
to maturity surrenders accounts
on an annual prior to (per
Description payment basis Maturities maturity part 2)
Fully paid certificates:
Single-payment certificates:
SP 74 3.5 0 0 0
SP 75 3.5 (77) (13) 400
SP 76 3.5 1,512 272 413
SP 77 3.5 0 376 0
SP 78 3.5 0 525 25
SP 79 3.5 0 691 7
SP 80 3.5 0 628 0
SP 81A 3.5 0 669 0
SP 82A 3.5 0 610 0
SP 82B 3.5 0 1,034 12
SP 83A 3.5 0 222 0
SP 83B 3.5 0 319 0
IC-2-84 3.5 0 1,785 19
IC-2-85 3.5 0 1,579 0
IC-2-86 3.5 0 1,083 23
IC-2-87 3.5 0 1,119 8
IC-2-88 3.5 0 1,584 23
Reserve Plus Single Payment (note a) 0 1,717 0
Cash Reserve Single Payment (note b) 0 41 0
IC-Flexible Savings (formerly Variable Term) (note d) 0 682,884 0
IC-Flexible Savings Emp (formerly Variable Term) (note d) 0 3,703 0
IC-Preferred Investors (note d) 0 1,592 0
IC-Investors (note d) 0 263,613 0
IC-Special Deposits (note d) 0 26,265 0
IC-1-84 (note c) 0 104 0
Cash Reserve Variable Payment (note b) 0 1,366 0
Cash Reserve Variable Payment-3mo. (note e) 0 267,607 0
IC-Future Value (note f) 6,777 15,233 0
IC-Future Value Emp (note f) 152 154 0
IC-Stock Market (note g) 0 51,476 0
IC-AEBI Stock Market (note g) 0 4,495 0
Total 8,364 1,332,733 930
PAGE 38
Balance at close of period
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
Fully paid certificates:
Single-payment certificates:
SP 74 3 1 8 8
SP 75 3.5 2 57 57
SP 76 3.5 111 871 867
SP 77 3.5 385 2,696 2,628
SP 78 3.5 455 3,391 3,200
SP 79 3.5 522 4,020 3,671
SP 80 3.5 502 4,086 3,597
SP 81A 3.5 402 2,372 2,013
SP 82A 3.5 362 3,606 2,962
SP 82B 3.5 643 5,702 4,630
SP 83A 3.5 110 933 747
SP 83B 3.5 265 2,445 1,925
IC-2-84 3.5 1,029 9,884 7,533
IC-2-85 3.5 560 5,788 5,630
IC-2-86 3.5 290 3,229 2,842
IC-2-87 3.5 371 4,569 3,741
IC-2-88 3.5 728 10,661 7,902
Reserve Plus Single Payment 3.5 1,207 5,678 8,880
Cash Reserve Single Payment (note a) 48 231 196
IC-Flexible Savings (formerly Variable Term) (note b) 93,070 561,761 622,101
IC-Flexible Savings Emp (formerly Variable Term) (note d) 1,514 14,554 16,801
IC-Preferred Investors (note d) 25 23,523 23,592
IC-Investors (note d) 529 585,856 619,860
IC-Special Deposits (note d) 75 72,990 75,698
IC-1-84 (note d) 72 464 502
Cash Reserve Variable Payment (note c) 655 3,098 3,992
Cash Reserve Variable Payment-3mo. (note b) 50,579 231,063 242,261
IC-Future Value (note e) 19,246 214,452 214,452
IC-Future Value Emp (note f) 377 4,065 4,065
IC-Stock Market (note g) 66,983 238,765 260,128
IC-AEBI Stock Market (note g) 22 3,543 3,770
Total 241,140 2,024,361 2,150,251
PAGE 39
Balance at beginning of period
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
Additional credits and accrued interest thereon:
SP 74 3.5 Not Not 10
SP 75 3.5 Applicable Applicable 442
SP 76 3.5 3,494
SP 77 3.5 3,101
SP 78 3.5 3,483
SP 79 3.5 3,735
SP 80 3.5 3,337
SP 81A 3.5 1,737
SP 82A 3.5 2,237
SP 82B 3.5 3,345
SP 83A 3.5 439
SP 83B 3.5 953
IC-2-84 3.5 4,079
IC-2-85 3.5 129
IC-2-86 3.5 62
IC-2-87 3.5 80
IC-2-88 3.5 160
Reserve Plus Single Payment (note a) 0
Cash Reserve Single Payment (note b) 0
IC-Flexible Savings (formerly Variable Term) (note d) 2,559
IC-Flexible Savings Emp (formerly Variable Term) (note d) 37
IC-Preferred Investors (note d) 0
IC-Investors (note d) 1,342
IC-Special Deposits (note d) 104
IC-1-84 (note c) 14
Cash Reserve Variable Payment (note b) 0
Cash Reserve Variable Payment-3mo. (note e) 389
IC-Future Value (note f) 37,728
IC-Future Value Emp (note f) 676
IC-Stock Market (note g) 1,118
IC-AEBI Stock Market (note g) 110
Total 74,900
PAGE 40
Additions
Charged
Yield Charged Reserve to other
to maturity to profit payments by accounts
on an annual and loss certificate (per
Description payment basis or income holders part 2)
Additional credits and accrued interest thereon:
SP 74 3.5 0 0 0
SP 75 3.5 1 0 0
SP 76 3.5 90 0 59
SP 77 3.5 102 0 63
SP 78 3.5 113 0 80
SP 79 3.5 121 0 92
SP 80 3.5 109 0 83
SP 81A 3.5 52 0 59
SP 82A 3.5 72 0 74
SP 82B 3.5 107 0 132
SP 83A 3.5 14 0 21
SP 83B 3.5 32 0 42
IC-2-84 3.5 131 0 183
IC-2-85 3.5 217 0 0
IC-2-86 3.5 117 0 0
IC-2-87 3.5 147 0 0
IC-2-88 3.5 297 0 0
Reserve Plus Single Payment (note a) 394 0 0
Cash Reserve Single Payment (note b) 9 0 0
IC-Flexible Savings (formerly Variable Term) (note d) 45,214 0 0
IC-Flexible Savings Emp (formerly Variable Term) (note d) 963 0 0
IC-Peferred Investors (note d) 133 0 0
IC-Investors (note d) 32,822 0 0
IC-Special Deposits (note d) 2,790 0 0
IC-1-84 (note c) 28 0 0
Cash Reserve Variable Payment (note b) 185 0 0
Cash Reserve Variable Payment-3mo. (note e) 10,061 0 0
IC-Future Value (note f) 18,940 0 0
IC-Future Value Emp (note f) 389 0 0
IC-Stock Market (note g) 2,318 0 (1)
IC-AEBI Stock Market (note g) 141 0 0
Total 116,109 0 887
PAGE 41
Deductions
Credited
Yield Cash to other
to maturity surrenders accounts
on an annual prior to (per
Description payment basis Maturities maturity part 2)
Additional credits and accrued interest thereon:
SP 74 3.5 0 0 0
SP 75 3.5 (112) (15) 497
SP 76 3.5 1,828 307 499
SP 77 3.5 0 384 0
SP 78 3.5 0 505 25
SP 79 3.5 0 605 7
SP 80 3.5 0 545 0
SP 81A 3.5 0 483 0
SP 82A 3.5 0 417 0
SP 82B 3.5 0 670 8
SP 83A 3.5 0 104 0
SP 83B 3.5 0 138 0
IC-2-84 3.5 0 844 9
IC-2-85 3.5 0 15 227
IC-2-86 3.5 0 12 121
IC-2-87 3.5 0 10 151
IC-2-88 3.5 0 18 300
Reserve Plus Single Payment (note a) 0 0 394
Cash Reserve Single Payment (note b) 0 0 9
IC-Flexible Savings (formerly Variable Term) (note d) 0 4,591 41,904
IC-Flexible Savings Emp (formerly Variable Term) (note d) 0 146 814
IC-Preferred Investors (note d) 0 9 72
IC-Investors (note d) 0 2,663 30,158
IC-Special Deposits (note d) 0 323 2,441
IC-1-84 (note c) 0 2 29
Cash Reserve Variable Payment (note b) 0 9 176
Cash Reserve Variable Payment-3mo. (note e) 0 177 9,869
IC-Future Value (note f) 4,072 3,151 0
IC-Future Value Emp (note f) 72 41 0
IC-Stock Market (note g) 0 79 2,081
IC-AEBI Stock Market (note g) 0 7 189
Total 5,860 16,240 89,980
PAGE 42
Balance at close of period
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
Additional credits and accrued interest thereon:
SP 74 3.5 Not Not 10
SP 75 3.5 Applicable Applicable 73
SP 76 3.5 1,009
SP 77 3.5 2,882
SP 78 3.5 3,146
SP 79 3.5 3,336
SP 80 3.5 2,984
SP 81A 3.5 1,365
SP 82A 3.5 1,966
SP 82B 3.5 2,906
SP 83A 3.5 370
SP 83B 3.5 889
IC-2-84 3.5 3,540
IC-2-85 3.5 104
IC-2-86 3.5 46
IC-2-87 3.5 66
IC-2-88 3.5 139
Reserve Plus Single Payment (note a) 0
Cash Reserve Single Payment (note b) 0
IC-Flexible Savings (formerly Variable Term) (note d) 1,278
IC-Flexible Savings Emp (formerly Variable Term) (note d) 40
IC-Preferred Investors (note d) 52
IC-Investors (note d) 1,343
IC-Special Deposits (note d) 130
IC-1-84 (note c) 11
Cash Reserve Variable Payment (note b) 0
Cash Reserve Variable Payment-3mo. (note e) 404
IC-Future Value (note f) 49,445
IC-Future Value Emp (note f) 952
IC-Stock Market (note g) 1,275
IC-AEBI Stock Market (note g) 55
Total 79,816
PAGE 43
Balance at beginning of period
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
Accrued for additional credits to be allowed
at next anniversaries:
SP 74 Not Not 0
SP 75 Applicable Applicable 0
SP 76 22
SP 77 26
SP 78 34
SP 79 43
SP 80 35
SP 81A 37
SP 82A 25
SP 82B 86
SP 83A 13
SP 83B 22
IC-2-84 97
IC-2-85 59
IC-2-86 26
IC-2-87 36
IC-2-88 67
IC-Stock Market 10,781
IC-AEBI Stock Market 285
Total 11,694
PAGE 44
Additions
Charged
Yield Charged Reserve to other
to maturity to profit payments by accounts
on an annual and loss certificate (per
Description payment basis or income holders part 2)
Accrued for additional credits to be allowed
at next anniversaries:
SP 74 0 0 0
SP 75 0 0 0
SP 76 60 0 0
SP 77 72 0 0
SP 78 84 0 0
SP 79 92 0 0
SP 80 88 0 0
SP 81A 43 0 0
SP 82A 69 0 0
SP 82B 98 0 0
SP 83A 15 0 0
SP 83B 36 0 0
IC-2-84 149 0 0
IC-2-85 78 0 0
IC-2-86 41 0 0
IC-2-87 51 0 0
IC-2-88 101 0 0
IC-Stock Market 21,048 0 0
IC-AEBI Stock Market 210 0 0
Total 22,335 0 0
PAGE 45
Deductions
Credited
Yield Cash to other
to maturity surrenders accounts
on an annual prior to (per
Description payment basis Maturities maturity part 2)
Accrued for additional credits to be allowed
at next anniversaries:
SP 74 0 0 0
SP 75 0 0 0
SP 76 0 0 59
SP 77 0 0 63
SP 78 0 0 80
SP 79 0 0 92
SP 80 0 0 83
SP 81A 0 0 59
SP 82A 0 0 74
SP 82B 0 0 132
SP 83A 0 0 21
SP 83B 0 0 42
IC-2-84 0 0 183
IC-2-85 0 0 102
IC-2-86 0 0 51
IC-2-87 0 0 64
IC-2-88 0 0 123
IC-Stock Market 0 174 14,887
IC-AEBI Stock Market 0 0 404
Total 0 174 16,519
PAGE 46
Balance at close of period
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
Accrued for additional credits to be allowed
at next anniversaries:
SP 74 Not Not 0
SP 75 Applicable Applicable 0
SP 76 23
SP 77 35
SP 78 38
SP 79 43
SP 80 40
SP 81A 21
SP 82A 20
SP 82B 52
SP 83A 7
SP 83B 16
IC-2-84 63
IC-2-85 35
IC-2-86 16
IC-2-87 23
IC-2-88 45
IC-Stock Market 16,768
IC-AEBI Stock Market 91
Total 17,336
PAGE 47
Balance at beginning of period
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
R Series Single-Payment certificates:
R-76 3.5 17 184 144
R-77 3.5 76 806 610
R-78 3.5 115 1,203 844
R-79 3.5 146 1,649 1,130
R-80 3.5 211 2,652 1,716
R-81 3.5 74 914 514
R-82A 3.5 337 2,747 1,381
RP-Q (note a) 902 1,666 3,559
R-II 3.5 263 2,837 1,087
RP-84 3.5 831 10,844 3,952
RP-85 3.5 250 1,481 1,360
RP-86 3.5 89 781 672
RP-87 3.5 177 1,138 877
RP-88 3.5 248 1,974 1,389
Cash Reserve RP (note b) 17 67 115
IC-Flexible Savings RP (note d) 18,802 168,363 186,084
RP-Preferred Investors (note d) 0 0 0
Cash Reserve RP-3 mo. (note e) 3,645 27,814 29,083
IC-Flexible Savings RP Emp (note d) 446 4,639 5,367
RP-Future Value (note f) 13,017 200,914 200,914
RP-Future Value Emp (note f) 303 5,346 5,345
RP-Stock Market (note g) 6,802 34,695 38,468
D-1 (note a) 270 39,251 43,660
Total 47,038 511,965 528,271
PAGE 48
Additions
Charged
Yield Charged Reserve to other
to maturity to profit payments by accounts
on an annual and loss certificate (per
Description payment basis or income holders part 2)
R Series Single-Payment certificates:
R-76 3.5 0 0 6
R-77 3.5 0 0 26
R-78 3.5 0 0 34
R-79 3.5 0 0 49
R-80 3.5 0 0 74
R-81 3.5 0 0 26
R-82A 3.5 0 0 72
RP-Q (note a) 0 0 136
R-II 3.5 0 0 56
RP-84 3.5 0 0 190
RP-85 3.5 0 0 68
RP-86 3.5 0 0 31
RP-87 3.5 0 0 41
RP-88 3.5 0 0 65
Cash Reserve RP (note b) 0 0 4
IC-Flexible Savings RP (formally Variable Term RP) (note d) 0 25,902 8,138
RP-Preferred Investors (note d) 0 853 0
Cash Reserve RP-3 mo. (note e) 0 43,847 1,241
IC-Flexible Savings RP Emp (form. Var Term RP Emp) (note d) 0 776 316
RP-Future Value (note f) 0 5,596 0
RP-Future Value Emp (note f) 0 80 0
RP-Stock Market (note g) 0 15,473 3,951
D-1 (note a) 0 7,412 2,179
Total 0 99,939 16,703
PAGE 49
Deductions
Credited
Yield Cash to other
to maturity surrenders accounts
on an annual prior to (per
Description payment basis Maturities maturity part 2)
R Series Single-Payment certificates:
R-76 3.5 0 35 0
R-77 3.5 0 157 0
R-78 3.5 0 157 5
R-79 3.5 0 243 0
R-80 3.5 0 399 9
R-81 3.5 0 88 9
R-82A 3.5 0 293 0
RP-Q (note a) 0 720 8
R-II 3.5 0 279 0
RP-84 3.5 0 1,065 0
RP-85 3.5 0 420 0
RP-86 3.5 0 184 0
RP-87 3.5 0 219 0
RP-88 3.5 0 652 0
Cash Reserve RP (note b) 0 27 0
IC-Flexible Savings RP (formally Variable Term RP) (note d) 0 79,824 0
RP-Preferred Investors (note d) 0 0 0
Cash Reserve RP-3 mo. (note e) 0 43,690 0
IC-Flexible Savings RP Emp (form. Var Term RP Emp) (note d) 0 1,073 0
RP-Future Value (note f) 8,934 8,954 0
RP-Future Value Emp (note f) 265 40 0
RP-Stock Market (note g) 0 12,220 0
D-1 (note a) 32 11,165 0
Total 9,231 161,904 31
PAGE 50
Balance at close of period
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
Series Single-Payment certificates:
R-76 3.5 14 142 115
R-77 3.5 55 603 479
R-78 3.5 94 981 716
R-79 3.5 118 1,309 936
R-80 3.5 159 2,046 1,382
R-81 3.5 64 751 443
R-82A 3.5 279 2,196 1,160
RP-Q (note a) 744 1,334 2,967
R-II 3.5 216 2,150 864
RP-84 3.5 639 8,043 3,077
RP-85 3.5 188 847 1,008
RP-86 3.5 68 573 519
RP-87 3.5 135 861 699
RP-88 3.5 171 1,091 802
Cash Reserve RP (note b) 12 51 92
IC-Flexible Savings RP (formally Variable Term RP) (note d) 15,504 122,693 140,300
RP-Preferred Investors (note d) 1 853 853
Cash Reserve RP-3 mo. (note e) 3,362 29,175 30,481
IC-Flexible Savings RP Emp (form. Var Term RP Emp) (note d) 422 4,512 5,386
RP-Future Value (note f) 12,266 188,622 188,622
RP-Future Value Emp (note f) 287 5,120 5,120
RP-Stock Market (note g) 7,883 40,098 45,672
D-1 (note a) 230 37,064 42,054
Total 42,911 451,115 473,747
PAGE 51
Balance at beginning of period
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
Additional Interest on R-Series Single
Payment Reserves:
R-76 3.5 Not Not 5
R-77 3.5 Applicable Applicable 10
R-78 3.5 20
R-79 3.5 25
R-80 3.5 40
R-81 3.5 13
R-82A 3.5 62
RP-Q (note a) 0
R-II 3.5 39
RP-84 3.5 118
RP-85 3.5 47
RP-86 3.5 17
RP-87 3.5 27
RP-88 3.5 43
Cash Reserve RP (note b) 0
IC-Flexible Savings RP (formally Variable Term RP) (note d) 416
RP-Preferred Investors (note d) 0
Cash Reserve RP-3 mo. (note e) 52
IC-Flexible Savings RP Emp (form. Var Term RP Emp) (note d) 12
RP-Future Value (note f) 43,462
RP-Future Value Emp (note f) 1,248
RP-Stock Market (note g) 331
D-1 (note a) 1
Total 45,988
Accrued for additional credits to be allowed
at next anniversaries
RP-Stock Market 2,475
Total single payment 3,130,635
Paid-up certificates:
Series 15 and 20 3.25 47 550 519
" 15A and 22A 3.5 1,504 13,310 12,018
" I-76 3.5 737 3,635 2,227
Total 2,288 17,495 14,764
PAGE 52
Additions
Charged
Yield Charged Reserve to other
to maturity to profit payments by accounts
on an annual and loss certificate (per
Description payment basis or income holders part 2)
Additional Interest on R-Series Single
Payment Reserves:
R-76 3.5 6 0 0
R-77 3.5 27 0 0
R-78 3.5 37 0 0
R-79 3.5 52 0 0
R-80 3.5 75 0 0
R-81 3.5 24 0 0
R-82A 3.5 62 0 0
RP-Q (note a) 136 0 0
R-II 3.5 46 0 0
RP-84 3.5 169 0 0
RP-85 3.5 56 0 0
RP-86 3.5 28 0 0
RP-87 3.5 37 0 0
RP-88 3.5 51 0 0
Cash Reserve RP (note b) 4 0 0
IC-Flexible Savings RP (formally Variable Term RP) (note d) 8,723 0 0
RP-Preferred Investors (note d) 0 0 0
Cash Reserve RP-3 mo. (note e) 1,252 0 0
IC-Flexible Savings RP Emp (form. Var Term RP Emp) (note d) 341 0 0
RP-Future Value (note f) 17,844 0 0
RP-Future Value Emp (note f) 554 0 0
RP-Stock Market (note g) 495 0 0
D-1 (note a) 2,476 0 0
Total 32,495 0 0
Accrued for additional credits to be allowed
at next anniversaries:
RP-Stock Market 3,872 0 0
Total single payment 176,113 1,019,085 122,113
Paid-up certificates:
Series 15 and 20 3.25 10 0 24
" 15A and 22A 3.5 378 0 1,662
" I-76 3.5 77 0 351
Total 465 0 2,037
PAGE 53
Deductions
Credited
Yield Cash to other
to maturity surrenders accounts
on an annual prior to (per
Description payment basis Maturities maturity part 2)
Additional Interest on R-Series Single
Payment Reserves:
R-76 3.5 0 0 6
R-77 3.5 0 2 26
R-78 3.5 0 1 34
R-79 3.5 0 5 49
R-80 3.5 0 4 74
R-81 3.5 0 1 26
R-82A 3.5 0 5 72
RP-Q (note a) 0 0 136
R-II 3.5 0 2 56
RP-84 3.5 0 13 190
RP-85 3.5 0 4 68
RP-86 3.5 0 2 31
RP-87 3.5 0 4 41
RP-88 3.5 0 6 65
Cash Reserve RP (note b) 0 0 4
IC-Flexible Savings RP (formally Variable Term RP) (note d) 0 697 8,139
RP-Preferred Investors (note d) 0 0 0
Cash Reserve RP-3 mo. (note e) 0 14 1,242
IC-Flexible Savings RP Emp (form. Var Term RP Emp) (note d) 0 26 316
RP-Future Value (note f) 6,414 2,171 0
RP-Future Value Emp (note f) 241 6 0
RP-Stock Market (note g) 0 15 552
D-1 (note a) 0 298 2,179
Total 6,655 3,276 13,306
Accrued for additional credits to be allowed
at next anniversaries:
RP-Stock Market 0 10 3,399
Total single payment 30,110 1,514,337 124,165
Paid-up certificates:
Series 15 and 20 3.25 228 21 86
" 15A and 22A 3.5 1,501 1,010 1,629
" I-76 3.5 0 435 23
Total 1,729 1,466 1,738
PAGE 54
Balance at close of period
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
Additional Interest on R-Series Single
Payment Reserves:
R-76 3.5 Not Not 5
R-77 3.5 Applicable Applicable 9
R-78 3.5 22
R-79 3.5 23
R-80 3.5 37
R-81 3.5 10
R-82A 3.5 47
RP-Q (note a) 0
R-II 3.5 27
RP-84 3.5 84
RP-85 3.5 31
RP-86 3.5 12
RP-87 3.5 19
RP-88 3.5 23
Cash Reserve RP (note b) 0
IC-Flexible Savings RP (formally Variable Term RP) (note d) 303
RP-Preferred Investors (note d) 0
Cash Reserve RP-3 mo. (note e) 48
IC-Flexible Savings RP Emp (form. Var Term RP Emp) (note d) 11
RP-Future Value (note f) 52,721
RP-Future Value Emp (note f) 1,555
RP-Stock Market (note g) 259
D-1 (note a) 0
Total 55,246
Accrued for additional credits to be allowed
at next anniversaries:
RP-Stock Market 2,938
Total single payment 2,779,334
Paid-up certificates:
Series 15 and 20 3.25 24 236 218
" 15A and 22A 3.5 1,074 10,915 9,918
" I-76 3.5 687 3,468 2,197
Total 1,785 14,619 12,333
PAGE 55
Balance at beginning of period
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
Additional credits and accrued interest thereon:
Series 15 and 20 2.5 Not Not 21
" 15A and 22A 3 Applicable Applicable 518
" Series I-76 3.5 155
Total 694
Accrued for additional credits to be allowed
at next anniversaries 77
Total paid-up 2,288 17,495 15,535
Optional settlement certificates:
Series 1, IST&G 3 14 9
Other series and conversions from Single
Payment certificates 2.5-3-3-3.5 9,910 111,881
Series R-76 thru R-82A 3 75 301
Series R-II & RP-2-84 thru 88 3.5 69 1,010
Reserve Plus Single-Payment (note a) 231 2,243
Reserve Plus Flex-Pay & IC-Q-Inst (note a) 21 111
Series R-Installment (note a) 104 514
Series R-Single-Payment (note a) 49 132
Additional credits and accrued interest thereon 2.5-3 Not Not 11,368
Additional credits and accrued int. thereon-IST&G 2.5-3 Applicable Applicable 0
Accrued for additional credits to be allowed
at next anniversaries 1,019
Accrued for additional credits to be allowed
at next anniversaries-R-76 thru R-82A & R-II 11
Accrued for additional credits to be allowed
at next anniversaries-IST&G 0
Total optional settlement 10,473 128,599
Not
Due to unlocated certificate holders Applicable 386
Total certificate reserves 3,628,574
PAGE 56
Additions
Charged
Yield Charged Reserve to other
to maturity to profit payments by accounts
on an annual and loss certificate (per
Description payment basis or income holders part 2)
Additional credits and accrued interest thereon:
Series 15 and 20 2.5 0 0 3
" 15A and 22A 3 14 0 96
" Series I-76 3.5 5 0 23
Total 19 0 122
Accrued for additional credits to be allowed
at next anniversaries 100 0 0
Total paid-up 584 0 2,159
Optional settlement certificates:
Series 1, IST&G 3 0 0 0
Other series and conversions from Single
Payment certificates 2.5-3-3-3.5 3,275 0 7,890
Series R-76 thru R-82A 3 8 0 29
Series R-II & RP-2-84 thru 88 3.5 32 0 12
Reserve Plus Single-Payment (note a) 77 0 0
Reserve Plus Flex-Pay & IC-Q-Inst (note a) 4 0 21
Series R-Installment (note a) 14 0 8
Series R-Single-Payment (note a) 5 0 8
Additional credits and accrued interest thereon 2.5-3 296 0 2,045
Additional credits and accrued int. thereon-IST&G 2.5-3 0 0 0
Accrued for additional credits to be allowed
at next anniversaries 1,966 0 0
Accrued for additional credits to be allowed
at next anniversaries-R-76 thru R-82A & R-II 18 0 0
Accrued for additional credits to be allowed
at next anniversaries-IST&G 0 0 0
Total optional settlement 5,695 0 10,013
Not
Due to unlocated certificate holders Applicable 158
Total certificate reserves 198,416 1,129,020 147,253
Provision for certificate reserves and additional
credits per Statement of Operations 173,041
Provision for reconversion applied against reserve
recoveries from terminations prior to maturity in
Statement of Operations 0
Income (loss) from purchased and written call options
included in provision for certificate reserves
in Statement of Operations 25,375
198,416
PAGE 57
Deductions
Credited
Yield Cash to other
to maturity surrenders accounts
on an annual prior to (per
Description payment basis Maturities maturity part 2)
Additional credits and accrued interest thereon:
Series 15 and 20 2.5 11 1 3
" 15A and 22A 3 122 27 58
" Series I-76 3.5 0 21 0
Total 133 49 61
Accrued for additional credits to be allowed
at next anniversaries 0 0 122
Total paid-up 1,862 1,515 1,921
Optional settlement certificates:
Series 1, IST&G 3 1 1 0
Other series and conversions from Single
Payment certificates 2.5-3-3-3.5 7,455 8,122 0
Series R-76 thru R-82A 3 68 38 0
Series R-II & RP-2-84 thru 88 3.5 136 108 0
Reserve Plus Single-Payment (note a) 93 597 0
Reserve Plus Flex-Pay & IC-Q-Inst (note a) 7 20 0
Series R-Installment (note a) 92 51 0
Series R-Single-Payment (note a) 31 15 0
Additional credits and accrued interest thereon 2.5-3 963 910 446
Additional credits and accrued int. thereon-IST&G 2.5-3 0 0 0
Accrued for additional credits to be allowed
at next anniversaries 30 (3) 2,055
Accrued for additional credits to be allowed
at next anniversaries-R-76 thru R-82A & R-II 4 0 18
Accrued for additional credits to be allowed
at next anniversaries-IST&G 0 0 0
Total optional settlement 8,880 9,859 2,519
Not
Due to unlocated certificate holders Applicable 244
Total certificate reserves 46,398 1,626,283 147,391
PAGE 58
Balance at close of period
Number
of
Yield accounts Amount
to maturity with of Amount
on an annual security maturity of
Description payment basis holders value reserves
Additional credits and accrued interest thereon:
Series 15 and 20 2.5 Not Not 9
" 15A and 22A 3 Applicable Applicable 421
" Series I-76 3.5 162
Total 592
Accrued for additional credits to be allowed
at next anniversaries 55
Total paid-up 1,785 14,619 12,980
Optional settlement certificates:
Series 1, IST&G 3 13 7
Other series and conversions from Single
Payment certificates 2.5-3-3-3.5 9,173 107,469
Series R-76 thru R-82A 3 59 232
Series R-II & RP-2-84 thru 88 3.5 49 810
Reserve Plus Single-Payment (note a) 175 1,630
Reserve Plus Flex-Pay & IC-Q-Inst (note a) 21 109
Series R-Installment (note a) 85 393
Series R-Single-Payment (note a) 38 99
Additional credits and accrued interest thereon 2.5-3 Not Not 11,390
Additional credits and accrued int. thereon-IST&G 2.5-3 Applicable Applicable 0
Accrued for additional credits to be allowed
at next anniversaries 903
Accrued for additional credits to be allowed
at next anniversaries-R-76 thru R-82A & R-II 7
Accrued for additional credits to be allowed
at next anniversaries-IST&G 0
Total optional settlement 9,613 123,049
Not
Due to unlocated certificate holders Applicable 300
Total certificate reserves 3,283,191
PAGE 59
Notes:
(a) On these series of certificates, there is no minimum rate of accrual of interest.
Interest is declared for a quarter or quarters by IDSC and credited to the reserves
maintained at the end of each calendar quarter.
(b) On these series of certificates, there is no minimum rate of accrual of interest.
Interest is declared for a quarter or quarters by IDSC and credited to the reserves
maintained or paid in cash at the end of each calendar month.
(c) On these series of certificates, there is no minimum rate of accrual of interest.
Interest is declared by IDSC for the first four certificate quarters, then
annually thereafter, and credited to the reserves maintained at the end of each
certificate year.
(d) On this series of certificates, there is no minimum rate of accrual of interest.
Interest is declared for the term selected and credited to the reserves maintained
or paid in cash at the end of each certificate month.
(e) On this series of certificates, there is no minimum rate of accrual of interest.
Interest is declared by IDSC for a three-month term and credited to the reserves
maintained or paid in cash at the end of each certificate month.
(f) On this series of certificates, there is no minimum rate of accrual of interest.
Interest is declared by IDSC for a four, five, six, seven, eight, nine or ten
year maturity and credited to the reserves maintained at maturity.
(g) On this series of certificates, the certificate holder may elect to receive
minimum interest only or minimum interest plus participation interest. Minimum
interest is declared by IDSC for a twelve-month term and is credited to the
reserves maintained at the end of each certificate term. Participation interest is
determined at the end of each certificate term by multiplying the market
participation rate in effect at the beginning of the certificate term for
each certificate times any total percentage appreciation in a broad stock
market indicator subject to specified maximums. Participation interest is
credited to the reserves maintained at the end of each certificate term.
PAGE 60
Part 2 - Description of Additions to Reserves Charged to Other
Accounts and Deductions from Reserves Credited to Other Accounts
Year ended December 31, 1996
($ in thousands)
Additions to reserves charged to other accounts
Transfers of
maturities to
Reconversions extended
of paid-up maturities-
certificate charged to
charged Charged reserves to
to paid-up to mature, addi-
reserves and advance tional credits/
reserve for payments interest and
reconversions reserve advance payments Total
Reserves to mature installment
certificates:
Series 15, including extended
maturities 0 0 0 0
Series 20, including extended
maturities 5 3 11 19
Series 15A, including extended
maturities 0 5 0 5
Series 22A, including extended
maturities 244 261 2,228 2,733
Series I-76 17 27 0 44
Series Reserve Plus Flexible
Payment 0 0 63 63
Series IC-Q-Installment 0 0 24 24
Series IC-Q-Ins 0 0 2,720 2,720
Series IC-Q-Ins Emp 0 0 16 16
Series IC-1 0 0 5,739 5,739
Series IC-1 Emp 0 0 51 51
Series RP-Q-Installment 0 0 75 75
Series RP-Q-Flexible Payment 0 0 6 6
Series RP-Q-Ins 0 0 93 93
Series RP-Q-Ins Emp 0 0 1 1
Series RP-1 0 0 90 90
Series RP-1 Emp 0 0 1 1
Total 266 296 11,118 11,680
PAGE 61
Part 2 - Description of Additions to Reserves Charged to Other
Accounts and Deductions from Reserves Credited to Other Accounts
Year ended December 31, 1996
($ in thousands)
Deductions from reserves credited to other accounts
Conversions
to optional Maturities
settlement transferred
Conversions certificates- to extended
to paid-up credited maturities-
certificates- to optional credited to
credited settlement reserves to
to paid-up reserves and mature-
surrender surrender extended
income income maturities Total
Reserves to mature installment
certificates:
Series 15, including extended
maturities 1 0 0 1
Series 20, including extended
maturities 19 93 11 123
Series 15A, including extended
maturities 58 301 0 359
Series 22A, including extended
maturities 1,340 2,784 2,228 6,352
Series I-76 283 6 0 289
Series Reserve Plus Flexible
Payment 0 4 0 4
Series IC-Q-Installment 0 2 0 2
Series IC-Q-Ins 0 14 0 14
Series IC-Q-Ins Emp 0 0 0 0
Series IC-1 0 0 0 0
Series IC-1 Emp 0 0 0 0
Series RP-Q-Installment 0 0 0 0
Series RP-Q-Flexible Payment 0 8 0 8
Series RP-Q-Ins 0 0 0 0
Series RP-Q-Ins Emp 0 0 0 0
Series RP-1 0 0 0 0
Series RP-1 Emp 0 0 0 0
Total 1,701 3,212 2,239 7,152
PAGE 62
Part 2 - Description of Additions to Reserves Charged to Other
Accounts and Deductions from Reserves Credited to Other Accounts
Year ended December 31, 1996
($ in thousands)
Additions to reserves charged to other accounts
Additions Additions to
to advance reserves to
Reconversions payments- mature-extended
of paid-up charged to maturities
Payments made in advance certificates- default charged to
of current certificate charged to interest reserves to
year requirements and paid-up on late mature from
accrued interest thereon: reserves payments maturity Total
Series 15, including extended
maturities 0 0 0 0
Series 20, including extended
maturities 0 0 0 0
Series 15A, including extended
maturities 0 0 0 0
Series 22A, including extended
maturities 3 0 82 85
Series I-76 3 1 0 4
Series Reserve Plus Flexible
Payment 0 0 0 0
Series IC-Q-Installment 0 0 0 0
Series IC-Q-Ins 0 0 0 0
Series IC-Q-Ins Emp 0 0 0 0
Series IC-1 0 0 0 0
Series IC-1 Emp 0 0 0 0
Series RP-Q-Installment 0 0 0 0
Series RP-Q-Flexible Payment 0 0 0 0
Series RP-Q-Ins 0 0 0 0
Series RP-Q-Ins Emp 0 0 0 0
Series RP-1 0 0 0 0
Series RP-1 Emp 0 0 0 0
Total 6 1 82 89
PAGE 63
Part 2 - Description of Additions to Reserves Charged to Other
Accounts and Deductions from Reserves Credited to Other Accounts
Year ended December 31, 1996
($ in thousands)
Deductions from reserves credited to other accounts
Maturities
Conversions transferred
Applied to to optional to extended
certificates- settlement maturities- Conversions
credited to certificates- credited to to paid-up
Payments made in advance reserves to credited reserves certificates-
of current certificate mature, to optional to mature- credited to
year requirements and loading settlement extended paid-up
accrued interest thereon: and insurance reserves maturities reserves Total
Series 15, including extended
maturities 0 0 0 0 0
Series 20, including extended
maturities 3 2 0 0 5
Series 15A, including extended
maturities 5 3 0 0 8
Series 22A, including extended
maturities 262 115 82 2 461
Series I-76 27 0 0 0 27
Series Reserve Plus Flexible
Payment 0 0 0 0 0
Series IC-Q-Installment 0 0 0 0 0
Series IC-Q-Ins 0 0 0 0 0
Series IC-Q-Ins Emp 0 0 0 0 0
Series IC-1 0 0 0 0 0
Series IC-1 Emp 0 0 0 0 0
Series RP-Q-Installment 0 0 0 0 0
Series RP-Q-Flexible Payment 0 0 0 0 0
Series RP-Q-Ins 0 0 0 0 0
Series RP-Q-Ins Emp 0 0 0 0 0
Series RP-1 0 0 0 0 0
Series RP-1 Emp 0 0 0 0 0
Total 297 120 82 2 501
PAGE 64
Certificate Reserves
($ in thousands)
Part 2 - Descriptions of Additions to Reserves Charged to Other
Accounts and Deductions from Reserves Credited to Other Accounts
Additional credits on installment certificates and
accrued interest thereon:
Other additions represent:
Transfers from accruals for additional credits to be allowed at next anniversaries $ 530
Reconversions of paid-up certificates-charged to paid-up reserves 45
Transfers from maturities to extended maturities 466
$ 1,041
Other deductions represent:
Transfers to reserves on a quarterly basis for Reserve Plus Flexible-
Payment, IC-Q-Installment and R-Flexible-Payment $ 8,883
Conversions to optional settlement certificates-credited to optional
settlement reserves 673
Conversions to paid-up certificates-credited to paid-up reserves 331
Transfers to extended maturities at maturity 466
$10,353
Accrual for additional credits to be allowed on installment
certificates at next anniversaries:
Other deductions represent:
Transfers to reserves for additional credits on installment certificates $ 530
Reserve for death and disability refund options:
Other deductions represent:
Payments, in excess of installment reserves, made to certificate holders
who exercised the death and disability refund options. $ 0
Reserve for reconversions of paid-up certificates:
The amount shown as charged to profit and loss has been deducted from
reserve recoveries in the accompanying Statement of Operations $ 0
Other deductions represent:
Amounts credited to installment certificate reserves to mature, on
reconversions of paid-up certificates. $ 0
Paid-up certificates:
Other additions represent:
Conversions from installment certificates (charged to installment reserves
less surrender charges) $ 2,037
Transfers from accrual for additional credits to be allowed at next
anniversaries 122
$ 2,159
Other deductions represent:
Transfers credited to installment reserves on reconversions to installment
certificates $ 316
Transfers for accrual for additional credits and accrued interest thereon 122
Transfers to settlement options 1,483
$ 1,921
PAGE 65
Certificate Reserves
($ in thousands)
Part 2 - Descriptions of Additions to Reserves Charged to Other
Accounts and Deductions from Reserves Credited to Other Accounts
Default interest on installment certificates:
Other additions represent:
Reconversions of paid-up certificates charged to paid-up reserves $ 0
Other deductions represent:
Conversions to paid-up certificates - credited to paid-up reserves $ 5
Transfers to advance payments as late payments are credited to
certificates 1
$ 6
Optional settlement certificates:
Other additions represent:
Transfers from installment certificate reserves (less surrender chargees),
single-payment and Series D certificate reserves upon election of
optional settlement privileges $ 6,484
Transfers from paid-up certificate reserves 1,484
Transfers from accruals for additional credits to be allowed at next
anniversaries 2,045
$10,013
Other deductions represent:
Transfers to reserve for additional credits and accrued interest thereon $ 2,055
Transfers to optional settlement reserves 464
$ 2,519
Single-Payment certificates:
Other additions represent:
Transfers from accruals for additional credits to be allowed at next
anniversaries $ 887
Transfers from accruals on a quarterly basis on:
Reserve Plus Single-Payment 392
Cash Reserve Single-Payment 9
Flexible Savings 41,884
Flexible Savings-Emp 814
Preferred Investors 73
Investors 30,158
Special Deposits 2,441
Cash Reserve 175
Cash Reserve-3mo 9,862
Stock Market 16,955
AEBI Stock Market 593
R82-B 136
Cash Reserve-RP 4
Cash Reserve-RP-3mo 8,138
Flexible Savings-RP 0
Flexible Savings-RP-3mo 1,241
Preferred Investors-RP 316
Stock Market-RP 3,951
Transfers from accruals at anniversaries maintained in a separate
reserve account. 4,084
$122,113
PAGE 66
Certificate Reserves
($ in thousands)
Part 2 - Descriptions of Additions to Reserves Charged to Other
Accounts and Deductions from Reserves Credited to Other Accounts
Single-Payment certificates continued:
Other deductions represent:
Transfers to optional settlement reserves:
Single-Payment $ 1,975
R Single-Payment 31
Transfers to reserves for additional credits and accrued interest thereon 4,084
Transfers to a separate reserve account from the accrual account 887
Transfers to reserves on a quarterly basis:
Reserve Plus Single-Payment 391
Cash Reserve Single-Payment 9
Flexible Savings 41,884
Flexible Savings-Emp 814
Preferred Investors 72
Investors 30,158
Special Deposits 2,441
Cash Reserve 175
Cash Reserve-3mo 9,862
Stock Market 16,955
AEBI Stock Market 593
R82-B 136
Cash Reserve-RP 4
Cash Reserve-RP-3mo 1,242
Flexible Saving-RP 8,139
Flexible Savings-RP-Emp 316
Preferred Investors-RP 0
Stock Market-RP 3,951
Transfers to Federal tax withholding 46
$124,125
Due to unlocated certificate holders:
Other additions represent:
Amounts equivalent to payments due certificate holders who could
not be located $ 158
Other deductions represent:
Payments to certificate holders credited to cash $ 244
PAGE 67
Part 3 - Information Regarding Installment Certificates
Classified by Age Groupings
($ in thousands)
Year ended December 31, 1996
Deductions from Reserves
Number of Cash
Accounts with Amount of Amount of Surrenders
Months Certificate Holders Maturity Value Reserves Prior to
Certificate Series Paid December 31, December 31, December 31, Maturity Other
1995 1996 1995 1996 1995 1996
15, including extended
maturities 73-84 1 0 5 0 1 0 0 1
Total 1 0 5 0 1 0 0 1
20, including extended
maturities 157-168 1 0 6 0 4 0 0 0
169-180 0 1 0 6 0 4 0 0
181-192 0 0 0 0 0 0 0 0
193-204 0 0 0 0 0 0 0 0
205-216 2 1 27 20 23 17 0 0
217-228 0 1 0 8 0 7 0 0
229-240 (a) 0 0 0 0 0 0 0 0
241-252 0 0 0 0 0 0 0 0
253-264 0 0 0 0 0 0 0 0
265-276 1 0 9 0 6 0 0 0
277-288 0 1 0 9 0 6 0 0
289-300 1 0 18 0 10 0 0 0
301-312 3 1 47 14 36 11 0 0
313-324 5 3 52 47 47 39 0 9
325-336 3 4 47 46 41 40 0 0
337-348 7 4 78 53 72 48 0 5
349-360 (a) 10 5 123 53 127 52 0 109
Total 33 21 407 256 366 224 0 123
15A, including
extended maturities 85-96 1 0 16 0 7 0 0 0
97-108 0 1 0 17 0 8 0 0
109-120 0 0 0 0 0 0 0 0
121-132 0 0 0 0 0 0 0 0
133-144 1 0 8 0 6 0 0 0
145-156 0 0 0 0 0 0 6 0
157-168 1 0 66 0 59 0 0 0
169-180 (a) 2 2 88 132 84 127 0 0
181-192 1 0 7 0 5 0 0 0
193-204 1 1 11 7 8 5 0 0
205-216 2 1 12 10 9 8 0 5
217-228 2 1 79 5 66 5 0 0
229-240 5 2 65 79 60 71 0 0
241-252 40 6 479 91 466 90 0 354
Total 56 14 831 341 770 314 6 359
PAGE 68
Part 3 - Information Regarding Installment Certificates
Classified by Age Groupings
($ in thousands)
Year ended December 31, 1996
Deductions from Reserves
Number of Cash
Accounts with Amount of Amount of Surrenders
Months Certificate Holders Maturity Value Reserves Prior to
Certificate Series Paid December 31, December 31, December 31, Maturity Other
1995 1996 1995 1996 1995 1996
22A, including
extended maturities 49-60 2 0 22 0 3 0 0 1
61-72 2 2 56 30 10 5 7 0
73-84 1 1 13 13 3 3 15 0
85-96 2 0 71 0 18 0 0 0
97-108 2 2 56 34 16 10 0 0
109-120 2 2 38 56 12 19 0 6
121-132 5 2 113 37 43 14 0 7
133-144 1 3 19 75 8 33 9 0
145-156 4 1 62 19 29 9 68 12
157-168 5 1 244 19 126 9 0 38
169-180 10 2 377 37 216 21 23 78
181-192 15 9 379 392 237 242 0 27
193-204 15 13 328 315 223 214 0 51
205-216 18 12 337 234 249 173 25 14
217-228 26 21 621 364 494 288 10 21
229-240 109 18 1,956 585 1,680 500 346 116
241-252 565 108 9,154 1,804 8,287 1,659 641 434
253-264 (a) 485 506 7,439 8,299 7,207 8,022 8 4,850
265-276 134 136 3,353 3,650 2,017 2,175 40 121
277-288 130 126 2,890 3,067 1,838 1,964 49 208
289-300 132 118 2,481 2,588 1,672 1,744 97 56
301-312 114 121 2,131 2,306 1,520 1,644 66 90
313-324 103 99 1,539 1,819 1,162 1,370 57 81
325-336 81 91 1,341 1,361 1,069 1,084 35 36
337-348 43 76 672 1,205 566 1,013 55 0
349-360 38 39 539 611 476 541 15 90
361-372 7 31 91 403 84 374 0 15
373-384 0 5 0 58 0 57 0 0
Total 2,051 1,545 36,322 29,381 29,265 23,187 1,566 6,352
PAGE 69
Part 3 - Information Regarding Installment Certificates
Classified by Age Groupings
($ in thousands)
Year ended December 31, 1996
Deductions from Reserves
Number of Cash
Accounts with Amount of Amount of Surrenders
Months Certificate Holders Maturity Value Reserves Prior to
Certificate Series Paid December 31, December 31, December 31, Maturity Other
1995 1996 1995 1996 1995 1996
I-76 49-60 1 0 62 0 6 0 0 0
61-72 0 1 0 62 0 6 0 0
73-84 0 0 0 0 0 0 0 0
85-96 1 0 31 0 5 0 0 0
97-108 2 2 58 43 11 8 0 2
109-120 1 1 31 46 6 10 0 0
121-132 2 2 52 68 12 16 0 0
133-144 4 2 80 40 21 10 3 0
145-156 8 3 188 68 55 20 9 4
157-168 49 7 1,301 172 430 55 4 0
169-180 133 41 3,451 1,033 1,222 374 203 36
181-192 153 106 3,832 2,783 1,474 1,076 242 64
193-204 169 127 3,973 3,143 1,658 1,315 243 95
205-216 202 128 4,050 2,943 1,832 1,329 266 45
217-228 180 173 4,087 3,531 2,003 1,722 237 30
229-240 96 151 2,113 3,534 1,095 1,864 257 13
241-252 0 78 0 1,765 0 983 21 0
Total 1,001 822 23,309 19,231 9,830 8,788 1,485 289
Reserve Plus Flexible
Payment 133-144 68 0 702 0 280 0 0 0
145-156 220 60 1,993 642 1,164 239 96 0
157-168 178 169 1,705 1,499 892 869 484 0
169-180 0 143 0 1,334 0 627 395 4
Total 466 372 4,400 3,475 2,336 1,735 975 4
IC-Q-Installment 109-120 151 0 1,648 0 580 0 0 0
121-132 87 21 939 193 283 109 58 2
133-144 64 72 628 759 335 259 113 0
145-156 0 49 0 484 0 263 92 0
Total 302 142 3,215 1,436 1,198 631 263 2
PAGE 70
Part 3 - Information Regarding Installment Certificates
Classified by Age Groupings
($ in thousands)
Year ended December 31, 1996
Deductions from Reserves
Number of Cash
Accounts with Amount of Amount of Surrenders
Months Certificate Holders Maturity Value Reserves Prior to
Certificate Series Paid December 31, December 31, December 31, Maturity Other
1995 1996 1995 1996 1995 1996
IC-Q-Ins 25-36 1 0 6 0 3 0 0 0
37-48 2,919 1 41,871 6 13,764 4 0 0
49-60 5,820 1,951 79,538 26,694 28,903 10,537 5,796 0
61-72 4,303 4,295 54,527 55,985 24,690 24,774 9,676 0
73-84 3,360 2,648 38,943 32,068 17,845 14,471 14,214 4
85-96 3,391 2,227 41,425 25,326 18,292 11,427 8,597 0
85-108 1,292 2,417 14,662 29,384 6,741 13,138 7,469 0
109-120 419 937 4,373 10,734 2,036 4,857 2,502 0
121-132 0 20 0 197 0 81 581 10
Total 21,505 14,496 275,345 180,394 112,274 79,289 48,835 14
IC-Q-Ins Emp 25-36 1 0 6 0 2 0 0 0
37-48 21 0 655 0 115 0 2 0
49-60 36 12 396 174 156 59 84 0
61-72 22 25 198 258 109 118 70 0
73-84 9 12 75 96 35 59 68 0
85-96 16 5 251 45 56 11 30 0
97-108 12 13 184 227 78 46 21 0
109-120 0 6 0 114 0 45 39 0
Total 117 73 1,765 914 551 338 314 0
IC-1 1-12 19,035 13,607 357,345 253,057 21,298 14,547 650 0
13-24 16,818 15,443 315,789 276,635 44,618 41,395 3,862 0
25-36 14,059 14,526 249,976 267,364 57,967 60,291 6,188 0
37-48 7,598 11,601 129,973 200,810 39,138 62,621 26,337 0
49-60 0 6,311 0 105,723 0 40,800 6,302 0
Total 57,510 61,488 1,053,083 1,103,589 163,021 219,654 43,339 0
IC-1 Emp 1-12 158 94 2,648 2,640 160 141 36 0
13-24 120 113 1,688 1,676 271 271 40 0
25-36 90 100 1,473 1,368 363 380 39 0
37-48 65 71 1,420 1,130 310 397 169 0
49-60 0 47 0 676 0 357 80 0
Total 433 425 7,229 7,490 1,104 1,546 364 0
PAGE 71
Part 3 - Information Regarding Installment Certificates
Classified by Age Groupings
($ in thousands)
Year ended December 31, 1996
Deductions from Reserves
Number of Cash
Accounts with Amount of Amount of Surrenders
Months Certificate Holders Maturity Value Reserves Prior to
Certificate Series Paid December 31, December 31, December 31, Maturity Other
1995 1996 1995 1996 1995 1996
R Flexible Payment 121-132 52 0 791 0 389 0 0 0
133-144 36 45 550 688 314 373 20 0
145-156 103 29 1,429 446 728 211 70 0
157-168 127 81 1,609 1,099 1,264 616 103 0
169-180 0 95 0 1,135 0 909 413 0
Total 318 250 4,379 3,368 2,695 2,109 606 0
RP-Q-Installment 109-120 95 0 1,575 0 367 0 0 0
121-132 10 14 129 197 41 78 36 8
133-144 0 8 0 103 0 40 0 0
Total 105 22 1,704 300 408 118 36 8
RP-Q-Ins 37-48 50 0 1,421 0 427 0 0 0
49-60 108 29 2,423 590 753 231 197 0
61-72 116 79 2,781 1,979 676 666 166 0
73-84 108 78 1,907 2,229 681 441 462 0
85-96 137 72 2,043 1,457 863 544 149 0
97-108 55 107 626 1,389 237 673 209 0
109-120 21 37 200 439 72 176 80 0
121-132 0 1 0 10 0 2 11 0
Total 595 403 11,401 8,093 3,709 2,733 1,274 0
RP-Q-Ins Emp 37-48 3 0 150 0 10 0 0 0
49-60 1 3 6 150 3 10 0 0
61-72 0 1 0 6 0 4 0 0
73-84 1 0 20 0 10 12 0 0
85-96 0 1 0 20 0 0 0 0
Total 5 5 176 176 23 26 0 0
RP-1 1-12 150 76 3,825 3,196 300 179 1 0
13-24 136 119 4,734 2,991 618 525 103 0
25-36 115 117 3,531 4,079 1,067 848 70 0
37-48 97 99 2,762 2,693 646 1,139 397 0
49-60 0 83 0 2,412 0 675 123 0
Total 498 494 14,852 15,371 2,631 3,366 694 0
PAGE 72
Part 3 - Information Regarding Installment Certificates
Classified by Age Groupings
($ in thousands)
Year ended December 31, 1996
Deductions from Reserves
Number of Cash
Accounts with Amount of Amount of Surrenders
Months Certificate Holders Maturity Value Reserves Prior to
Certificate Series Paid December 31, December 31, December 31, Maturity Other
1995 1996 1995 1996 1995 1996
RP-1-Emp 1-12 3 1 618 600 8 5 0 0
13-24 0 2 0 56 0 2 7 0
25-36 2 0 636 0 6 0 0 0
37-48 0 2 0 636 0 7 0 0
Total 5 5 1,254 1,292 14 14 7 0
Total All Series 85,001 80,577 1,439,677 1,375,107 330,196 344,072 99,764 7,152
(a) Includes accounts on which all payments necessary to mature have been made, but additional time must elapse before the
certificate maturity year is completed. Also includes accounts for which maturity election has been made, but no further
payments have been received.
PAGE 73
Part 4 - Amounts Periodically Credited to Certificate Holders' A
to Accumulate the Maturity Amount of Installment Certificates.
Information as to (1) amounts periodically credited to each class of
security holders' accounts from installment payments and (2) such other
amounts periodically credited to accumulate the maturity amount of the
certificate (on a $1,000 face-amount certificate basis for the term of
the certificate), is filed in Part 4 of Schedule IX as part of Post-
effective Amendment No. 9 to Registration Statement No. 2-17681, Post
effective Amendment No. 1 to Registration Statement No. 2-23772 and
Post-effective Amendment No. 1 to Registration Statement No. 2-2258081
and is incorporated herein by reference.
PAGE 74
IDS CERTIFICATE COMPANY SCHEDULE VII
Valuation and Qualifying Accounts
Years ended December 31, 1996, 1995 and 1994
($ thousands)
Year ended December 31, 1996
Additions
Reserves Balance Charged Balance
deducted from at to costs Deductions at
assets to beginning and from end
which they apply of period expenses Other reserves of period
Allowance for losses:
Securities $110 $605 $0 $0 $715
Conventional first
mortgage loans 611 0 0 0 611
Other assets 2,468 0 0 2,468 (a) 0
Year ended December 31, 1995
Additions
Reserves Balance Charged Balance
deducted from at to costs Deductions at
assets to beginning and from end
which they apply of period expenses Other reserves of period
Allowance for losses:
Securities $1,000 $0 $0 $890 (b) $110
Conventional first
mortgage loans 611 0 0 0 611
Other assets 2,368 100 0 0 2,468
Year ended December 31, 1994
Additions
Reserves Balance Charged Balance
deducted from at to costs Deductions at
assets to beginning and from end
which they apply of period expenses Other reserves of period
Allowance for losses:
Securities $2,049 $0 $0 $1,049 (b) $1,000
Conventional first
mortgage loans 961 0 0 350 (c) 611
Other assets 2,018 0 350 (c) 0 2,368
a) Applicable to reversal on other asset sold.
b) Applicable to reversal on securities sold.
c) Transferred from mortgage loans on real estate to other assets.