Financial Management D. Vance Copyright 2010

Financial Management Research Project

The Financial Management Research Project is DUE MONDAY, MAY 3, 2010.

The project is to be done in TEAMS of 4 or 5 individuals. At the end of the project, each team member will rank all team members, including oneself, on contribution to the project. No two team members can have the same rank. The person getting the highest rank will get the project grade +3 points, the person getting the lowest rank will get the project grade -3 points. The optimum strategy is for everyone to work hard and get a high paper grade, then + or – 3 points will have minimal impact on a grade. However if a paper grade is, for example, 77, individual grades will be spread across C, C+ and B. I would be very disappointed if any project scored as low as a 77.

The Research Project must fit within the following criteria:1. Narrative text must be limited to five pages. I am not impressed with a river of words. Figure out what you need to say and say it. Your writing should be clear, concise, logical and well supported by the facts.

2. Tables, Diagrams, Graphs, Footnotes, References, Statistics. You may have an unlimited number of pages of the foregoing items. They may be interspersed with your writing or at the end. All tables, diagrams and graphs should be well labeled and self explanatory. You may need to write a paragraph on the page with this material explaining what it means and how to read it. Clearly footnote ALL material used.

3. References to Peer Reviewed Journal ArticlesYou must have at least five references to peer reviewed journal articles. Such articles can be searched on-line through the library’s computer. Log onto the library’s computer using your Rutgers email userid and password, click on Complete listing A to Z of databases, click on Business, click on Business Source Premier, click on Connect and a search screen will appear.

4. Each Project Must Involve at Least 100 Data Points; more is better. All data related to one company is a single data point.

5. The project may be one of those suggested below. If it is anything else, I must approve it first. No Sports, Gambling Related, Non-Profit, or Government projects will be approved, unless they directly relate Non-profit or Government bonds.

A. Compare the theoretical value of a stock using the Gordon Model to the actual market price of a stock. This only works for stocks that pay dividends. You can estimate the discount rate, k, of a stock by looking at its bond yield and adding 2% to 3%. Value stocks using both +2% and +3% to provide a range. Growth rates can be estimated by looking at the compound annul growth rate of dividends over the last 5 years. finance.yahoo.com provides dividend information.

B. Compare Government Bonds of varying maturities to corporate bonds of same maturities identify the combined default risk and liquidity premium and see how that ties into bond ratings. Bond yields may be computed from information in the Wall Street Journal among other sources. Bond ratings are generally on the Moody’s website among other places.

C. Determine whether there is a Liquidity Premium for stocks. Compare groups of stocks with high medium and low sales volume (this is available in the Wall Street Journal among other places) and compare price as a function of sales, EBITDA, net income. For example, a stock trading 100,000 shares per day might have a Price/$10

Financial Management D. Vance Copyright 2010million sales ratio of 2.0 whereas a stock trading less than 500 shares per day might have a Price/$10 million of sales ratio of 1.2. This would indicate that more liquid (highly traded stocks) are more valued.

D. Determine whether growth in stock price or total yield (price growth plus dividend yield) is rewarded in stock price. Compare sales growth, EBITDA growth, net income growth over five years to price earnings ratios.

If you are looking for other ideas, look at some of the principals and concepts we have covered to date in the course and determine whether you can find enough data to test, validate, refute, or generate some new insight about one of them.

6. Data Display. Data should include both descriptive and statistical information. Descriptive statistics should include: n, the number of data points, mean, median, first quarter and third quarter cutoff values. Regression or t-statistics should contain statistical values and a brief not as to significance. For example, *** indicates statistically significant at the 0.01 level, ** indicates statistically significant at the 0.05 level, * indicates statistically significant at the 0.1 level. Attached is Table 5 Panel A Materiality by Accounting Issue as an example of what a Table might look like. Not all tables need look exactly like this.

7. Data Sources: Consider Mergent On-line available through the library’s computer system, much data is also available free on the web from reliable sources. Also consult with Theo Haynes the librarian designated as the School of Business Specialist.

Finally, I will do specific extracts of Compustat a database that contains selected historical financial information on thousands of companies. The attached record layout for Compustat is the “theoretical” data available.

One caution with Compustat; not all fields are populated for all companies.

If you want me to do an extract, specify:o Yearso Fields desiredo Selection criteria (greater or less than a certain value).

Financial Management D. Vance Copyright 2010

Table 5 Panel A Materiality by Accounting Issue

A cohort is the most granular level at which an underlying study reported data. One cohort reports the mean materiality for one interest group on one accounting issue. Participants is the number of individuals who made materiality decisions. The number of materiality decisions is n. The upper and lower bound are the boundaries for the 90% and 95% confidence interval for each accounting issue respectively. Caution should be use when interpreting data based on a fewer than six studies or when one study contributes more than 20% of the data points. As the number of studies decreases below six and the number of data points from any one study rises above about 20%, the data begin to lose their meta-analytic character. Specifically, peculiarities in the methodology for any one study become much less attenuated. This does not mean the data are invalid, just that corroborating data should be sought.

--------------- Materiality --------------- 90% Confidence 95% Confidence

Cohorts n Mean Q1 Median Q4Lower bound

Upper bound

Lower bound

Upper bound

Accounting Changes & General

107 4,295 8.91% 4.00% 6.20% 11.88% 1.50% 26.37% 0.81% 27.37%

Asset Impairment or write off

59 3,902 7.82% 6.43% 6.81% 8.86% 3.97% 12.00% 3.69% 13.00%

Bond premium write off

9 202 13.52% 5.90% 15.32% 19.69% 5.90% 22.15% 5.90% 28.31%

Bribes 7 468 4.32% 3.00% 3.00% 6.00% 2.00% 9.00% 2.00% 9.00%

Casualty loss 9 193 11.64% 5.83% 12.77% 13.54% 5.83% 21.08% 5.83% 21.08%

Contingent liability (i)

11 91 5.90% 3.91% 4.86% 7.54% 2.32% 9.38% (iv) (iv)

Expense 50 2,178 7.87% 1.47% 4.73% 12.11% 0.97% 22.70% 0.73% 25.00%

Litigation (ii) 11 661 12.55% 7.00% 10.00% 21.66% 4.00% 22.33% 4.00% 40.56%

Leases (iii) 8 81 15.20% 10.15% 14.46% 18.92% 5.40% 27.08% (iv) (iv)

Revenue or gain treatment

33 1,962 8.42% 3.62% 8.57% 9.00% 1.75% 16.77% 1.75% 17.00%

All Accounting Issues

304 14,033 8.52% 4.00% 6.78% 11.00%

1.47% 21.66% 1.08% 26.37%

Notes:(i) Contingent liability data was based on 3 studies of which one study contributed 41% of the data.(ii) Litigation data was based on 4 studies of which one study contributed 79% of the data.(iii) Lease data was based on 4 studies of which one study contributed 40% of the data.(iv) Insufficient data to generate 95% confidence interval bounds.

Financial Management D. Vance Copyright 2010

Compustat - Fundamentals AnnualData Query | Documentation | Data Manuals Date Range - datadate: June 1950 - July 2009Date Range - fiscal year:   1950 - 2008Number of Companies: 30,960Update Schedule: AnnuallyLast Updated: 08/18/2009  Variable Name Type Variable Label   ADD1 Char Address Line 1   ADD2 Char Address Line 2   ADD3 Char Address Line 3   ADD4 Char Address Line 4   ADDZIP Char Postal Code   BUSDESC Char S&P Business Description   CIK Char CIK Number   CITY Char City   CONM Char Company Name   CONML Char Company Legal Name   COSTAT Char Active/Inactive Status Marker   COUNTY Char County Code   DLDTE Num Research Company Deletion Date   DLRSN Char Research Co Reason for Deletion   EIN Char Employer Identification Number   FAX Char Fax Number   FIC Char Current ISO Country Code - Incorporation   FYRC Num Current Fiscal Year End Month   GGROUP Char GIC Groups   GIND Char GIC Industries   GSECTOR Char GIC Sectors   GSUBIND Char GIC Sub-Industries   GVKEY Char Global Company Key - Company   IDBFLAG Char International, Domestic, Both Indicator   INCORP Char Current State/Province of Incorporation Code   IPODATE Num Company Initial Public Offering Date   LOC Char Current ISO Country Code - Headquarters   NAICS Char North American Industry Classification Code   PHONE Char Phone Number   PRICAN Char Current Primary Issue Tag - Canada   PRIROW Char Primary Issue Tag - Rest of World   PRIUSA Char Current Primary Issue Tag - US   SIC Char Standard Industry Classification Code   SPCINDCD Num S&P Industry Sector Code   SPCSECCD Num S&P Economic Sector Code   SPCSRC Char S&P Quality Ranking - Current   STATE Char State/Province   STKO Num Stock Ownership Code   WEBURL Char Web URL   ACCHG Num Accounting Changes - Cumulative Effect   ACCLI Num Accrued Liabilities - Increase/(Decrease)   ACCO Num Acceptances Outstanding   ACCTCHG Char Adoption of Accounting Changes   ACCTSTD Char Accounting Standard   ACDO Num Current Assets of Discontinued Operations   ACO Num Current Assets - Other - Total   ACODO Num Other Current Assets Excl Discontinued Operations   ACOMINC Num Accumulated Other Comprehensive Income (Loss)   ACOX Num Current Assets - Other - Sundry   ACOXAR Num Current Assets - Other - Total As Reported   ACQDISN Num Acquisitions and Disposals - Net Cash Flow   ACQDISO Num Acquisitions and Disposals - Other   ACQMETH Char Acquisition Method   ACT Num Current Assets - Total   ADJEX_C Num Cumulative Adjustment Factor by Ex-Date - Calendar   ADJEX_F Num Cumulative Adjustment Factor by Ex-Date - Fiscal   ADPAC Num Amortization of Deferred Policy Acquisition Costs   ADRR Num ADR Ratio   AEDI Num Accrued Expenses and Deferred Income   AFUDCC Num Allowance for Funds Used During Construction (Cash Flow)   AFUDCI Num Allowance for Funds Used During Construction (Investing) (Cash Flow)   AJEX Num Adjustment Factor (Company) - Cumulative by Ex-Date   AJP Num Adjustment Factor (Company) - Cumulative byPay-Date   ALDO Num Long-term Assets of Discontinued Operations   AM Num Amortization of Intangibles   AMC Num Amortization (Cash Flow) - Utility   AMDC Num Amortization of Deferred Charges   AMGW Num Amortization of Goodwill   ANO Num Assets Netting & Other Adjustments   AO Num Assets - Other   AOCIDERGL Num Accum Other Comp Inc - Derivatives Unrealized Gain/Loss

Financial Management D. Vance Copyright 2010  AOCIOTHER Num Accum Other Comp Inc - Other Adjustments   AOCIPEN Num Accum Other Comp Inc - Min Pension Liab Adj   AOCISECGL Num Accum Other Comp Inc - Unreal G/L Ret Int in Sec Assets   AODO Num Other Assets excluding Discontinued Operations   AOL2 Num Assets Level2 (Observable)   AOLOCH Num Assets and Liabilities - Other - Net Change   AOX Num Assets - Other - Sundry   AP Num Accounts Payable - Trade   APALCH Num Accounts Payable and Accrued Liabilities - Increase/(Decrease)   APB Num Accounts Payable/Creditors - Brokers, Dealers, and Clearing Organizations   APC Num Accounts Payable/Creditors - Customer   APCH Num Accounts Payable - Increase (Decrease)   APDEDATE Num Actual Period End date   APO Num Accounts Payable - Other   APOFS Num Accounts Payable/Creditors - Other - FS   AQA Num Acquisition/Merger After-tax   AQC Num Acquisitions   AQD Num Acquisition/Merger Diluted EPS Effect   AQEPS Num Acquisition/Merger Basic EPS Effect   AQI Num Acquisitions - Income Contribution   AQP Num Acquisition/Merger Pretax   AQPL1 Num Assets Level1 (Quoted Prices)   AQS Num Acquisitions - Sales Contribution   ARB Num Accounts Receivable/Debtors - Brokers, Dealers, and Clearing Organizations   ARC Num Accounts Receivable/Debtors - Customer   ARCE Num As Reported Core - After-tax   ARCED Num As Reported Core - Diluted EPS Effect   ARCEEPS Num As Reported Core - Basic EPS Effect   ARTFS Num Accounts Receivable/Debtors - Total   ASDIS Num Associated Undertakings - Disposal   ASINV Num Associated Undertakings - Investment   AT Num Assets - Total   ATOCH Num Assets - Other - Change   AUL3 Num Assets Level3 (Unobservable)   AUTXR Num Appropriations to Untaxed Reserves   BALR Num Benefits Assumed - Life   BANLR Num Benefits Assumed - Nonlife   BAST Num Average Short-Term Borrowings   BASTR Num Average Short-Term Borrowings Rate   BATR Num Benefits Assumed - Total   BCEF Num Brokerage, Clearing and Exchange Fees   BCLR Num Benefits Ceded - Life   BCLTBL Num Benefits and Claims - Total (Business Line)   BCNLR Num Benefits Ceded - Nonlife   BCRBL Num Benefits and Claims - Reinsurance (Business Line)   BCT Num Benefits and Claims - Total (Insurance)   BCTBL Num Benefits and Claims - Other (Business Line)   BCTR Num Benefits Ceded - Total   BKVLPS Num Book Value Per Share   BLTBL Num Benefits - Life - Total (Business Line)   BSPR Char Balance Sheet Presentation   CA Num Customers' Acceptance   CAPCST Num Capitalized Costs   CAPFL Num Capital Element of Finance Lease Rental Payments   CAPR1 Num Risk-Adjusted Capital Ratio - Tier 1   CAPR2 Num Risk-Adjusted Capital Ratio - Tier 2   CAPR3 Num Risk-Adjusted Capital Ratio - Combined   CAPRT Num Risk-Adjusted Capital Ratio - Total   CAPS Num Capital Surplus/Share Premium Reserve   CAPX Num Capital Expenditures   CAPXFI Num Capital Expenditures and Financial Investment - Net Cash Flow   CAPXV Num Capital Expend Property, Plant and Equipment Schd V   CB Num Compensating Balance   CBI Num Claims Incurred - Insurance   CDPAC Num Capitalized Deferred Polcy Acquisition Costs   CDVC Num Cash Dividends on Common Stock (Cash Flow)   CEQ Num Common/Ordinary Equity - Total   CEQL Num Common Equity - Liquidation Value   CEQT Num Common Equity - Tangible   CFBD Num Commissions and Fees - (Broker/Dealer)   CFERE Num Commissions and Fees - (Real Estate)   CFLAOTH Num Cash Flow Adjustments - Other   CFO Num Commissions and Fees - Other   CFPDO Num Commissions and Fees Paid - Other   CGA Num Capital Gains - After-Tax   CGRI Num Capital Gains - Realized (Insurance)   CGTI Num Capital Gains - Total (Insurance)   CGUI Num Capital Gains - Unrealized (Insurance)   CH Num Cash   CHE Num Cash and Short-Term Investments   CHEB Num Cash and Cash Equivalents at Beginning of Year

Financial Management D. Vance Copyright 2010  CHECH Num Cash and Cash Equivalents - Increase/(Decrease)   CHEE Num Cash and Cash Equivalents at End of Year   CHENFD Num Cash/Cash Equivalents/Net Funds - Increase/(Decrease)   CHS Num Cash and Deposits - Segregated   CIBEGNI Num Comp Inc - Beginning Net Income   CICURR Num Comp Inc - Currency Trans Adj   CIDERGL Num Comp Inc - Derivative Gains/Losses   CIK Char CIK Number   CIOTHER Num Comp Inc - Other Adj   CIPEN Num Comp Inc - Minimum Pension Adj   CISECGL Num Comp Inc - Securities Gains/Losses   CITOTAL Num Comprehensive Income - Total   CLD2 Num Capitalized Leases - Due in 2nd Year   CLD3 Num Capitalized Leases - Due in 3rd Year   CLD4 Num Capitalized Leases - Due in 4th Year   CLD5 Num Capitalized Leases - Due in 5th Year   CLFC Num Contingent Liabilities - Forward and Future Contracts   CLFX Num Contingent Liabilities - Foreign Exchange Commitments   CLG Num Contingent Liabilities - Guarantees   CLIS Num Contingent Liabilities - Interest Rate Swaps   CLL Num Contingent Liabilities - Letters of Credit   CLLC Num Contingent Liabilities - Loan Commitments   CLO Num Contingent Liabilities - Other   CLRLL Num Credit Loss Reserve Allocated for LDC Loans   CLT Num Contingent Liabilities - Total   CMP Num Commercial Paper   CNLTBL Num Claims - Non-Life - Total (Business Line)   COGS Num Cost of Goods Sold   COMPST Char Comparability Status   CONM Char Company Name   CONSOL Char Level of Consolidation - Company Annual Descriptor   COSTAT Char Active/Inactive Status Marker   CPCBL Num Commercial Property and Casualty Claims (Business Line)   CPDOI Num Claims Paid - Other   CPNLI Num Claims Paid - Non-Life   CPPBL Num Commercial Property and Casualty Premiums (Business Line)   CPREI Num Claims Paid - Reinsurance   CRV Num Consolidation Reserves   CRVNLI Num Reserves for Claims (Losses) - Nonlife (Insurance)   CSHFD Num Common Shares Used to Calc Earnings Per Share - Fully Diluted   CSHI Num Common Shares Issued   CSHO Num Common Shares Outstanding   CSHPRI Num Common Shares Used to Calculate Earnings Per Share - Basic   CSHR Num Common/Ordinary Shareholders   CSHRC Num Common Shares Reserved for Conversion - Convertible Debt   CSHRP Num Common Shares Reserved for Conversion - Preferred Stock   CSHRSO Num Common Shares Reserved for Conversion - Stock Options   CSHRT Num Common Shares Reserved for Conversion - Total   CSHRW Num Common Shares Reserved for Conversion - Warrants and Other   CSHTR_C Num Common Shares Traded - Annual - Calendar   CSHTR_F Num Common Shares Traded - Annual - Fiscal   CSTK Num Common/Ordinary Stock (Capital)   CSTKCV Num Common Stock-Carrying Value   CSTKE Num Common Stock Equivalents - Dollar Savings   CURCD Char ISO Currency Code   CURNCD Char Native Currency Code   CURRTR Num Currency Translation Rate   CURUSCN Num US Canadian Translation Rate   CUSIP Char CUSIP   CUSTADV Num Customer Advances   DATADATE Num Data Date   DATAFMT Char Data Format   DBI Num Death Benefits - Insurance   DBTB Num Debt at Beginning of Year   DBTE Num Debt at End of Year   DC Num Deferred Charges   DCLO Num Debt - Capitalized Lease Obligations   DCOM Num Deferred Compensation   DCPSTK Num Convertible Debt and Preferred Stock   DCS Num Debt - Consolidated Subsidiary   DCSFD Num Current Debt - Source of Funds   DCUFD Num Current Debt - Use of Funds   DCVSR Num Debt - Senior Convertible   DCVSUB Num Debt - Subordinated Convertible   DCVT Num Debt - Convertible   DD Num Debt - Debentures   DD1 Num Long-Term Debt Due in One Year   DD2 Num Debt - Due in 2nd Year   DD3 Num Debt - Due in 3rd Year   DD4 Num Debt - Due in 4th Year   DD5 Num Debt - Due in 5th Year

Financial Management D. Vance Copyright 2010  DEPC Num Depreciation and Depletion (Cash Flow)   DFPAC Num Deferred Policy Acquisition Costs   DFS Num Debt - Finance Subsidiary   DFXA Num Depreciation of Tangible Fixed Assets   DILADJ Num Dilution Adjustment   DILAVX Num Dilution Available - Excluding Extraordinary Items   DISPOCH Num Disposals - Other - (Gain) Loss   DLC Num Debt in Current Liabilities - Total   DLCCH Num Current Debt - Changes   DLTIS Num Long-Term Debt - Issuance   DLTO Num Other Long-term Debt   DLTP Num Long-Term Debt - Tied to Prime   DLTR Num Long-Term Debt - Reduction   DLTSUB Num Long-Term Debt - Subordinated   DLTT Num Long-Term Debt - Total   DM Num Debt - Mortgages & Other Secured   DN Num Debt - Notes   DO Num Discontinued Operations   DOC Num Discontinued Operations (Cash Flow)   DONR Num Nonrecurring Disc Operations   DP Num Depreciation and Amortization   DPACB Num Depreciation (Accumulated) - Buildings   DPACC Num Depreciation (Accumulated) - Construction in Progress   DPACLI Num Depreciation (Accumulated) - Land and Improvements   DPACLS Num Depreciation (Accumulated) - Leases   DPACME Num Depreciation (Accumulated) - Machinery and Equipment   DPACNR Num Depreciation (Accumulated) - Natural Resources   DPACO Num Depreciation (Accumulated) - Other   DPACRE Num Accumulated Depreciation of RE Property   DPACT Num Depreciation, Depletion and Amortization (Accumulated)   DPC Num Depreciation and Amortization (Cash Flow)   DPDC Num Deposits - Demand - Customer   DPLTB Num Deposits - Long-Term Time - Bank   DPRET Num Depr/Amort of Property   DPSC Num Deposits - Savings - Customer   DPSTB Num Deposits - Short-Term Demand - Bank   DPTB Num Deposits - Total - Banks   DPTC Num Deposits - Total - Customer   DPTIC Num Deposits - Time - Customer   DPVIEB Num Depreciation (Accumulated) - Ending Balance (Schedule VI)   DPVIO Num Depreciation (Accumulated) - Other Changes (Schedule VI)   DPVIR Num Depreciation (Accumulated) - Retirements (Schedule VI)   DRC Num Deferred Revenue - Current   DRCI Num Deduction From Policy and Claims Reserves for Reinsurance Ceded   DRLT Num Deferred Revenue - Long-term   DS Num Debt-Subordinated   DTEA Num Extinguishment of Debt After-tax   DTED Num Extinguishment of Debt Diluted EPS Effect   DTEEPS Num Extinguishment of Debt Basic EPS Effect   DTEP Num Extinguishment of Debt Pretax   DUDD Num Debt - Unamortized Debt Discount and Other   DV Num Cash Dividends (Cash Flow)   DVC Num Dividends Common/Ordinary   DVDNP Num Dividends Declared and Not Provided   DVP Num Dividends - Preferred/Preference   DVPA Num Preferred Dividends in Arrears   DVPD Num Cash Dividends Paid   DVPDP Num Dividends and Bonuses Paid Policyholders   DVPIBB Num Depreciation (Accumulated) - Beginning Balance (Schedule VI)   DVPSP_C Num Dividends per Share - Pay Date - Calendar   DVPSP_F Num Dividends per Share - Pay Date - Fiscal   DVPSX_C Num Dividends per Share - Ex-Date - Calendar   DVPSX_F Num Dividends per Share - Ex-Date - Fiscal   DVREC Num Dividends Received (Cash Flow)   DVRPIV Num Dividends Received from Permanent Investments   DVRRE Num Development Revenue (Real Estate)   DVSCO Num Dividends - Share Capital - Other   DVT Num Dividends - Total   DXD2 Num Debt (excl Capitalized Leases) - Due in 2nd Year   DXD3 Num Debt (excl Capitalized Leases) - Due in 3rd Year   DXD4 Num Debt (excl Capitalized Leases) - Due in 4th Year   DXD5 Num Debt (excl Capitalized Leases) - Due in 5th Year   EA Num Exchange Adjustments (Assets)   EBIT Num Earnings Before Interest and Taxes   EBITDA Num Earnings Before Interest   EIEA Num Equity in Earnings - After-Tax   EIEAC Num Equity Interest in Earnings of Associated Companies   EMOL Num Directors' Emoluments   EMP Num Employees   EPSFI Num Earnings Per Share (Diluted) - Including Extraordinary Items   EPSFX Num Earnings Per Share (Diluted) - Excluding Extraordinary Items

Financial Management D. Vance Copyright 2010  EPSPI Num Earnings Per Share (Basic) - Including Extraordinary Items   EPSPX Num Earnings Per Share (Basic) - Excluding Extraordinary Items   EQDIVP Num Equity Dividend Paid   ERO Num Equity Reserves - Other   ESOPCT Num Common ESOP Obligation - Total   ESOPDLT Num ESOP Debt - Long Term   ESOPNR Num Preferred ESOP Obligation - Non-Redeemable   ESOPR Num Preferred ESOP Obligation - Redeemable   ESOPT Num Preferred ESOP Obligation - Total   ESUB Num Equity in Earnings - Unconsolidated Subsidiaries   ESUBC Num Equity in Net Loss - Earnings   EXCADJ Num Exchange Adjustments (Liabilities)   EXCHG Num Stock Exchange Code   EXRE Num Exchange Rate Effect   EXRES Num Exchange Rate Effect - Source of Funds   EXREU Num Exchange Rate Effect - Use of Funds   FATB Num Property, Plant, and Equipment - Buildings at Cost   FATC Num Property, Plant, and Equipment - Construction in Progress at Cost   FATD Num Fixed Assets and Investments - Disposals - Gain (Loss)   FATE Num Property, Plant, and Equipment - Machinery and Equipment at Cost   FATL Num Property, Plant, and Equipment - Leases at Cost   FATN Num Property, Plant, and Equipment - Natural Resources at Cost   FATO Num Property, Plant, and Equipment - Other at Cost   FATP Num Property, Plant, and Equipment - Land and Improvements at Cost   FCA Num Foreign Exchange Income (Loss)   FDATE Num Final Date   FDFR Num Federal Funds Purchased   FEA Num Foreign Exchange Assets   FEL Num Foreign Exchange Liabilities   FFO Num Funds From Operations (REIT)   FFS Num Federal Funds Sold   FIAO Num Financing Activities - Other   FIC Char Current ISO Country Code - Incorporation   FINAL Char Final Indicator Flag   FINCF Num Financing Activities - Net Cash Flow   FININC Num Financing Increase - Total   FINLE Num Finance Lease Increases   FINRE Num Financing Repayments/Reductions - Total   FINVAO Num Funds from Investment and Finance Activities - Other   FOPO Num Funds from Operations - Other   FOPOX Num Funds from Operations - Other excluding Option Tax Benefit   FOPT Num Funds From Operations - Total   FSRCO Num Sources of Funds - Other   FSRCOPO Num Sources of Operating Funds - Other   FSRCOPT Num Source of Funds From Operations - Total   FSRCT Num Sources of Funds - Total   FUSEO Num Uses of Funds - Other   FUSET Num Uses of Funds - Total   FYEAR Num Data Year - Fiscal   FYR Num Fiscal Year-end Month   GBBL Num Group Benefits (Business Line)   GDWL Num Goodwill   GDWLAM Num Goodwill Amortization   GDWLIA Num Impairments of Goodwill After-tax   GDWLID Num Impairments of Goodwill Diluted EPS Effect   GDWLIEPS Num Impairments of Goodwill Basic EPS Effect   GDWLIP Num Impairments of Goodwill Pretax   GEQRV Num Grants - Equity Reserves   GLA Num Gain/Loss After-tax   GLCEA Num Gain/Loss on Sale (Core Earnings Adjusted) After-tax   GLCED Num Gain/Loss on Sale (Core Earnings Adjusted) Diluted EPS   GLCEEPS Num Gain/Loss on Sale (Core Earnings Adjusted) Basic EPS Effect   GLCEP Num Gain/Loss on Sale (Core Earnings Adjusted) Pretax   GLD Num Gain/Loss Diluted EPS Effect   GLEPS Num Gain/Loss Basic EPS Effect   GLP Num Gain/Loss Pretax   GOVGR Num Government Grants   GOVTOWN Num Percent of Gov't Owned   GP Num Gross Profit (Loss)   GPHBL Num Group Premiums - Health (Business Line)   GPLBL Num Group Premiums - Life (Business Line)   GPOBL Num Group Premiums - Other (Business Line)   GPRBL Num Group Premiums - Retirement Benefits (Business Line)   GPTBL Num Group Premiums - Total (Business Line)   GVKEY Char Global Company Key   GWO Num Goodwill Written Off   HEDGEGL Num Gain/Loss on Ineffective Hedges   IAEQ Num Investment Assets - Equity Securities (Insurance)   IAEQCI Num Investment Assets (Insurance) - Equity Securities (Cost)   IAEQMI Num Investment Assets (Insurance) - Equity Securities (Market)   IAFICI Num Investment Assets (Insurance) - Fixed Income Securities (Cost)

Financial Management D. Vance Copyright 2010  IAFXI Num Investment Assets - Fixed Income Securities (Insurance)   IAFXMI Num Investment Assets (Insurance) - Fixed Income Securities (Market)   IALI Num Investment Assets (Insurance) - Listed Securities-Total   IALOI Num Investment Assets - Loans - Other (Insurance)   IALTI Num Investment Assets - Loans - Total (Insurance)   IAMLI Num Investment Assets - Mortgage Loans (Insurance)   IAOI Num Investment Assets - Other (Insurance)   IAPLI Num Investment Assets - Policy Loans (Insurance)   IAREI Num Investment Assets - Real Estate (Insurance)   IASCI Num Investment Assets (Insurance) - Securities - Sundry (Cost)   IASMI Num Investment Assets (Insurance) - Securities - Sundry (Market)   IASSI Num Investment Assets - Securities - Sundry (Insurance)   IASTI Num Investment Assets - Securities - Total (Insurance)   IATCI Num Investment Assets (Insurance) - Securities - Total (Cost)   IATI Num Investment Assets - Total (Insurance)   IATMI Num Investment Assets (Insurance) - Securities - Total (Market)   IAUI Num Investment Assets (Insurance) - Unlisted Securities - Total   IB Num Income Before Extraordinary Items   IBADJ Num Income Before Extraordinary Items - Adjusted for Common Stock Equivalents   IBBL Num Individual Benefits (Business Line)   IBC Num Income Before Extraordinary Items (Cash Flow)   IBCOM Num Income Before Extraordinary Items - Available for Common   IBKI Num Investment Banking Income   ICAPT Num Invested Capital - Total   IDIIS Num Interest and Dividend Income - Investment Securities   IDILB Num Interest and Dividend Income - Loans/Claims/Advances - Banks   IDILC Num Interest and Dividend Income - Loans/Claims/Advances - Customers   IDIS Num Interest and Dividend Income - Sundry   IDIST Num Interest and Dividend Income - Short-Term Investments   IDIT Num Interest and Related Income - Total   IDITS Num Interest and Dividend Income - Trading Securities   IID Char Issue ID - Security   IIRE Num Investment Income (Real Estate)   INDFMT Char Industry Format   INITB Num Income - Non-interest - Total (Bank)   INTAN Num Intangible Assets - Total   INTAND Num Intangible Assets - Disposal   INTANO Num Other Intangibles   INTANP Num Intangible Assets - Purchase   INTC Num Interest Capitalized   INTFACT Num Interest and Dividend Adjustments - Financing Activities   INTFL Num Interest Element of Finance Leases   INTIACT Num Interest and Dividend Adjustments - Investing Activities   INTOACT Num Interest and Dividend Adjustments - Operating Activities   INTPD Num Interest Paid   INTPN Num Interest Paid - Net   INTRC Num Interest Received   INVCH Num Inventory - Decrease (Increase)   INVDSP Num Investments - Disposal   INVFG Num Inventories - Finished Goods   INVO Num Inventories - Other   INVOFS Num Inventory/Stock - Other   INVREH Num Inventory/Stock - Real Estate Held for Development   INVREI Num Inventory/Stock - Real Estate Under Development   INVRES Num Inventory/Stock - Real Estate Held for Sale   INVRM Num Inventories - Raw Materials   INVSVC Num Investments and Servicing of Finance - Net Cash Flow   INVT Num Inventories - Total   INVWIP Num Inventories - Work In Process   IOBD Num Income - Other (Broker Dealer)   IOI Num Income - Other (Insurance)   IORE Num Income - Other (Real Estate)   IP Num Investment Property   IPABL Num Individual Premiums - Annuity (Business Line)   IPC Num Investment Property (Cost)   IPHBL Num Individual Premiums - Health (Business Line)   IPLBL Num Individual Premiums - Life (Business Line)   IPOBL Num Individual Premiums - Other (Business Line)   IPTBL Num Individual Premiums - Total (Business Line)   IPTI Num Insurance Premiums - Total (Insurance)   IPV Num Investment Property (Valuation)   IREI Num Interest and Related Income - Reinsurance (Insurance)   IRENT Num Rental Income   IRII Num Interest and Related Income (Insurance)   IRLI Num Interest and Related Income - Life (Insurance)   IRNLI Num Interest and Related Income - Non-Life (Insurance)   IRSI Num Interest and Related Income - Sundry (Insurance)   ISEQ Num Investment Securities - Equity   ISEQC Num Investment Securities - Equity (Cost)   ISEQM Num Investment Securities - Equity (Market)   ISFI Num Investment Securities - Fixed Income

Financial Management D. Vance Copyright 2010  ISFXC Num Investment Securities - Fixed Income (Cost)   ISFXM Num Investment Securities - Fixed Income (Market)   ISGR Num Investment Securities - Gain (Loss) - Realized   ISGT Num Investment Securities - Gain (Loss) - Total   ISGU Num Investment Securities - Gain (Loss) - Unrealized   ISLG Num Investment Securities - Local Governments   ISLGC Num Investment Securities - Local Governments (Cost)   ISLGM Num Investment Securities - Local Governments (Market)   ISLT Num Investment Securities - Listed - Total   ISMOD Num Income Statement Model Number   ISNG Num Investment Securities - National Governments   ISNGC Num Investment Securities - National Governments (Cost)   ISNGM Num Investment Securities - National Governments (Market)   ISOTC Num Invetsment Securities - Other (Cost)   ISOTH Num Investment Securities - Other   ISOTM Num Invetsment Securities - Other (Market)   ISSC Num Investment Securities - Sundry (Cost)   ISSM Num Investment Securities - Sundry (Market)   ISSU Num Investment Securities - Sundry   IST Num Investment Securities -Total   ISTC Num Investment Securities - Total (Cost)   ISTM Num Investment Securities - Total (Market)   ISUT Num Investment Securities - Unlisted - Total   ITCB Num Investment Tax Credit (Balance Sheet)   ITCC Num Investment Tax Credit - Net (Cash Flow) - Utility   ITCI Num Investment Tax Credit (Income Account)   IVACO Num Investing Activities - Other   IVAEQ Num Investment and Advances - Equity   IVAO Num Investment and Advances - Other   IVCH Num Increase in Investments   IVGOD Num Investments Grants and Other Deductions   IVI Num Investment Income - Total (Insurance)   IVNCF Num Investing Activities - Net Cash Flow   IVPT Num Investments - Permanent - Total   IVST Num Short-Term Investments - Total   IVSTCH Num Short-Term Investments - Change   LCABG Num Loans/Claims/Advances - Banks and Government - Total   LCACL Num Loans/Claims/Advances - Commercial   LCACR Num Loans/Claims/Advances - Consumer   LCAG Num Loans/Claims/Advances - Government   LCAL Num Loans/Claims/Advances - Lease   LCALT Num Loans/Claims/Advances - Long-Term (Banks)   LCAM Num Loans/Claims/Advances - Mortgage   LCAO Num Loans/Claims/Advances - Other   LCAST Num Loans/Claims/Advances - Short-Term - Banks   LCAT Num Loans/Claims/Advances - Total   LCO Num Current Liabilities - Other - Total   LCOX Num Current Liabilities - Other - Sundry   LCOXAR Num Current Liabilities - Other - Total As Reported   LCOXDR Num Current Liabilities - Other - Excluding Deferred Revenue   LCT Num Current Liabilities - Total   LCUACU Num Loans/Claims/Advances - Customer - Total   LI Num Leasing Income   LIF Num Life Insurance in Force   LIFR Num LIFO Reserve   LIQRESN Num Management of Liquid Resources - Net Cash Flow   LIQRESO Num Liquid Resources - Other Movements   LLOML Num LDC Loans Outstanding - Medium and Long-Term   LLOO Num LDC Loans Outstanding - Other   LLOT Num LDC Loans Outstanding - Total   LLRCI Num Loan Loss Recoveries - Credited to Income   LLRCR Num Loan Loss Recoveries - Credited to Reserves   LLWOCI Num Loan Loss Written Off - Charged to Income   LLWOCR Num Loan Loss Written Off - Charged to Reserves   LNDEP Num Loans and Deposits - (Increase) Decrease   LNINC Num Loan Increase/Additions   LNMD Num Loans (Made)/Repaid   LNO Num Liabilities Netting & Other Adjustments   LNREP Num Loan Repayments/Reductions   LO Num Liabilities - Other - Total   LOL2 Num Liabilities Level2 (Observable)   LOXDR Num Liabilities - Other - Excluding Deferred Revenue   LQPL1 Num Liabilities Level1 (Quoted Prices)   LRV Num Legal Reserves   LS Num Liabilities - Other - Sundry   LSE Num Liabilities and Stockholders Equity - Total   LST Num Life Insurance Surrenders and Terminations   LT Num Liabilities - Total   LTDCH Num Long-Term Debt - Change   LTDLCH Num Long-Term Debt/Liabilities - Change   LTLO Num Long-Term Liabilities - Other - Increase/(Decrease)

Financial Management D. Vance Copyright 2010  LUL3 Num Liabilities Level3 (Unobservable)   MIB Num Minority Interest (Balance Sheet)   MIC Num Minority Interest (Cash Flow)   MII Num Minority Interest (Income Account)   MISEQ Num Minority Interest In Shareholders' Equity - Change   MKVALT Num Market Value - Total - Fiscal   MRC1 Num Rental Commitments - Minimum - 1st Year   MRC2 Num Rental Commitments - Minimum - 2nd Year   MRC3 Num Rental Commitments - Minimum - 3rd Year   MRC4 Num Rental Commitments - Minimum - 4th Year   MRC5 Num Rental Commitments - Minimum - 5th Year   MRCT Num Rental Commitments - Minimum - 5 Year Total   MRCTA Num Thereafter Portion of Leases   MSA Num Marketable Securities Adjustment   MSVRV Num Mandatory Securities Valuation Reserve (Statutory)   MTL Num Loans From Securities Finance Companies for Margin Transactions   NAICSH Num North America Industrial Classification System - Historical   NAT Num Nonadmitted Assets - Total (Statutory)   NCFLIQ Num Net Cash Flow Before Management of Liquid Resources and Financing   NCO Num Net Charge-Offs   NEQMI Num Non-Equity and Minority Interest Dividends Paid   NFSR Num Non-Financial Services Revenue   NI Num Net Income (Loss)   NIADJ Num Net Income Adjusted for Common/Ordinary Stock (Capital) Equivalents   NIECI Num Net Income Effect Capitalized Interest   NIINT Num Net Interest Income   NIIT Num Net Interest Income (Tax Equivalent)   NIM Num Net Interest Margin   NIO Num Net Items - Other   NIT Num Net Item - Total   NITS Num Net Income - Total (Statutory)   NOASUB Num Net Overdrafts Acquired with Subsidiaries   NOPI Num Nonoperating Income (Expense)   NOPIO Num Nonoperating Income (Expense) - Other   NP Num Notes Payable - Short-Term Borrowings   NPANL Num Nonperforming Assets - Nonaccrual Loans   NPAORE Num Nonperforming Assets - Other Real Estate Owned   NPARL Num Nonperforming Assets - Restructured Loans   NPAT Num Nonperforming Assets - Total   NRTXT Num Nonrecurring Income Taxes After-tax   NRTXTD Num Nonrecurring Income Tax Diluted EPS Effect   NRTXTEPS Num Nonrecurring Income Tax Basic EPS Effect   OANCF Num Operating Activities - Net Cash Flow   OANCFC Num Operating Activities - Net Cash Flow - Continuing Operations   OANCFD Num Operating Activities - Net Cash Flow - Discontinued Operations   OB Num Order Backlog   OGM Char OIL & GAS METHOD   OIADP Num Operating Income After Depreciation   OIBDP Num Operating Income Before Depreciation   ONBALB Num Other Net Balances at Beginning of Year   ONBALE Num Other Net Balances at End of Year   OPEPS Num Earnings Per Share from Operations   OPILI Num Operating Income - Life   OPINCAR Num Operating Income - As Reported   OPINI Num Operating Income - Non-Life   OPIOI Num Operating Income - Other   OPIRI Num Operating Income - Reinsurance   OPITI Num Operating Income - Total   OPPRFT Num Operating Profit   OPREPSX Num Earnings Per Share - Diluted - from Operations   OPRO Num Operating Revenues - Other   OPTCA Num Options - Cancelled (-)   OPTDR Num Dividend Rate - Assumption (%)   OPTEX Num Options Exercisable (000)   OPTEXD Num Options - Exercised (-)   OPTFVGR Num Options - Fair Value of Options Granted   OPTGR Num Options - Granted   OPTLIFE Num Life of Options - Assumption (# yrs)   OPTOSBY Num Options Outstanding - Beg of Year   OPTOSEY Num Options Outstanding - End of Year   OPTPRCBY Num Options Outstanding Beg of Year - Price   OPTPRCCA Num Options Cancelled - Price   OPTPRCEX Num Options Exercised - Price   OPTPRCEY Num Options Outstanding End of Year - Price   OPTPRCGR Num Options Granted - Price   OPTPRCWA Num Options Exercisable - Weighted Avg Price   OPTRFR Num Risk Free Rate - Assumption (%)   OPTVOL Num Volatility - Assumption (%)   PACQP Num Preacquisition Profits   PALR Num Premiums Assumed - Life   PANLR Num Premiums Assumed - Nonlife

Financial Management D. Vance Copyright 2010  PATR Num Premiums Assumed - Total   PCL Num Provision - Credit Losses (Income Account)   PCLR Num Premiums Ceded - Life   PCNLR Num Premiums Ceded - Nonlife   PCTR Num Premiums Ceded - Total   PDATE Num Preliminary Date   PDDUR Num Period Duration   PDVC Num Cash Dividends on Preferred/Preference Stock (Cash Flow)   PI Num Pretax Income   PIDOM Num Pretax Income - Domestic   PIFO Num Pretax Income - Foreign   PLIACH Num Pension Liabilities - Change   PLL Num Provision for Loan/Asset Losses   PLTBL Num Premiums - Life - Total (Business Line)   PNCA Num Core Pension Adjustment   PNCAD Num Core Pension Adjustment Diluted EPS Effect   PNCAEPS Num Core Pension Adjustment Basic EPS Effect   PNCIA Num Core Pension Interest Adjustment After-tax   PNCID Num Core Pension Interest Adjustment Diluted EPS Effect   PNCIEPS Num Core Pension Interest Adjustment Basic EPS Effect   PNCIP Num Core Pension Interest Adjustment Pretax   PNCWIA Num Core Pension w/o Interest Adjustment After-tax   PNCWID Num Core Pension w/o Interest Adjustment Diluted EPS Effect   PNCWIEPS Num Core Pension w/o Interest Adjustment Basic EPS Effect   PNCWIP Num Core Pension w/o Interest Adjustment Pretax   PNLBL Num Premiums - Nonlife - Total (Business Line)   PNLI Num Premiums Written - Non-Life   PNRSHO Num Nonred Pfd Shares Outs (000)   POBL Num Premiums - Other (Business Line)   POPSRC Char Population Source   PPCBL Num Personal Property and Casualty Claims (Business Line)   PPEGT Num Property, Plant and Equipment - Total (Gross)   PPENB Num Property, Plant, and Equipment - Buildings (Net)   PPENC Num Property, Plant, and Equipment - Construction in Progress (Net)   PPENLI Num Property, Plant, and Equipment - Land and Improvements (Net)   PPENLS Num Property, Plant, and Equipment - Leases (Net)   PPENME Num Property, Plant, and Equipment - Machinery and Equipment (Net)   PPENNR Num Property, Plant, and Equipment - Natural Resources (Net)   PPENO Num Property, Plant, and Equipment - Other (Net)   PPENT Num Property, Plant and Equipment - Total (Net)   PPEVBB Num Property, Plant and Equipment - Beginning Balance (Schedule V)   PPEVEB Num Property, Plant, and Equipment - Ending Balance (Schedule V)   PPEVO Num Property, Plant, and Equipment - Other Changes (Schedule V)   PPEVR Num Property, Plant and Equipment - Retirements (Schedule V)   PPPABL Num Personal Property and Casualty Premiums - Automobile (Business Line)   PPPHBL Num Personal Property and Casualty Premiums - Homeowners (Business Line)   PPPOBL Num Personal Property and Casualty Premiums - Other (Business Line)   PPPTBL Num Personal Property & Casualty Premiums - Total (Business Line)   PRC Num Participation Rights Certificates   PRCA Num Core Post Retirement Adjustment   PRCAD Num Core Post Retirement Adjustment Diluted EPS Effect   PRCAEPS Num Core Post Retirement Adjustment Basic EPS Effect   PRCC_C Num Price Close - Annual - Calendar   PRCC_F Num Price Close - Annual - Fiscal   PRCH_C Num Price High - Annual - Calendar   PRCH_F Num Price High - Annual - Fiscal   PRCL_C Num Price Low - Annual - Calendar   PRCL_F Num Price Low - Annual - Fiscal   PREBL Num Premiums - Reinsurance (Business Line)   PRI Num Premiums Written - Reinsurance   PRODV Num Proposed Dividends   PROSAI Num Proceeds From Sale of Fixed Assets and Sale of Investments   PRSHO Num Redeem Pfd Shares Outs (000)   PRSTKC Num Purchase of Common and Preferred Stock   PRSTKCC Num Purchase of Common Stock (Cash Flow)   PRSTKPC Num Purchase of Preferred/Preference Stock (Cash Flow)   PRV Num Provisions (Cash Flow)   PRVT Num Policy Reserves - Total (Statutory)   PSFIX Num Proceeds From Sale of Fixed Assets   PSTK Num Preferred/Preference Stock (Capital) - Total   PSTKC Num Preferred Stock - Convertible   PSTKL Num Preferred Stock - Liquidating Value   PSTKN Num Preferred/Preference Stock - Nonredeemable   PSTKR Num Preferred/Preference Stock - Redeemable   PSTKRV Num Preferred Stock - Redemption Value   PTBL Num Premiums - Total (Business Line)   PTRAN Num Principal Transactions   PURTSHR Num Purchase of Treasury Shares   PVCL Num Provision - Credit Losses (Balance Sheet)   PVO Num Provision - Other   PVON Num Provisions - Other (Net)

Financial Management D. Vance Copyright 2010  PVPL Num Provision - Pension Liabilities   PVT Num Provisions - Total   PWOI Num Premiums Written - Other   RADP Num Reinsurance Assets - Deposits and Other (Insurance)   RAGR Num Resale Agreements   RARI Num Reinsurance Assets - Receivable/Debtors (Insurance)   RATI Num Reinsurance Assets - Total (Insurance)   RAWMSM Num Raw Materials, Supplies, and Merchandise   RCA Num Restructuring Costs After-tax   RCD Num Restructuring Costs Diluted EPS Effect   RCEPS Num Restructuring Costs Basic EPS Effect   RCL Num Reserves for Credit Losses (Assets)   RCP Num Restructuring Costs Pretax   RDIP Num In Process R&D Expense   RDIPA Num In Process R&D Expense After-tax   RDIPD Num In Process R&D Expense Diluted EPS Effect   RDIPEPS Num In Process R&D Expense Basic EPS Effect   RDP Num Regulatory Deposits   RE Num Retained Earnings   REA Num Retained Earnings - Restatement   REAJO Num Retained Earnings - Other Adjustments   RECCH Num Accounts Receivable - Decrease (Increase)   RECCO Num Receivables - Current - Other   RECD Num Receivables - Estimated Doubtful   RECT Num Receivables - Total   RECTA Num Retained Earnings - Cumulative Translation Adjustment   RECTR Num Receivables - Trade   RECUB Num Unbilled Receivables   RET Num Total RE Property   REUNA Num Retained Earnings - Unadjusted   REUNR Num Retained Earnings - Unrestricted   REVT Num Revenue - Total   RIS Num Revenue/Income - Sundry   RLL Num Reserve for Loan/Asset Losses   RLO Num Reinsurance Liabilities - Other   RLP Num Reinsurance Liabilities - Payables/Creditors   RLRI Num Reinsurers' Liability for Reserves (Insurance)   RLT Num Reinsurance Liabilities - Total   RMUM Num Auditors' Remuneraton   RPAG Num Repurchase Agreements   RRA Num Reversal - Restructruring/Acquisition Aftertax   RRD Num Reversal - Restructuring/Acq Diluted EPS Effect   RREPS Num Reversal - Restructuring/Acq Basic EPS Effect   RRP Num Reversal - Restructruring/Acquisition Pretax   RV Num Reserves   RVBCI Num Reserves for Benefits - Life - Claims (Insurance)   RVBPI Num Reserves for Benefits - Life - Policy (Insurance)   RVBTI Num Reserves for Benefits - Life - Total (Insurance)   RVDO Num Reserves - Distributable - Other   RVDT Num Reserves - Distributable - Total   RVEQT Num Equity Reserves - Total   RVLRV Num Revaluation Reserve   RVNO Num Reserves - Nondistributable - Other   RVNT Num Reserves - Nondistributable - Total   RVRI Num Reserves - Reinsurance (Insurance)   RVSI Num Reserves - Sundry (Insurance)   RVTI Num Reserves - Total   RVTXR Num Reserves - Tax-Regulated   RVUPI Num Reserves for Unearned Premiums (Insurance)   RVUTX Num Reserves - Untaxed   SAA Num Separate Account Assets   SAL Num Separate Account Liabilities   SALE Num Sales/Turnover (Net)   SBDC Num Securities Borrowed and Deposited by Customers   SC Num Securities In Custody   SCF Num Cash Flow Format   SCO Num Share Capital - Other   SCSTKC Num Sale of Common Stock (Cash Flow)   SECU Num Securities Gains (Losses) - Unrealized   SEQ Num Stockholders' Equity - Total   SEQO Num Other Stockholders- Equity Adjustments   SETA Num Settlement (Litigation/Insurance) After-tax   SETD Num Settlement (Litigation/Insurance) Diluted EPS Effect   SETEPS Num Settlement (Litigation/Insurance) Basic EPS Effect   SETP Num Settlement (Litigation/Insurance) Pretax   SHRCAP Num Share Capital Transactions - Other   SICH Num Standard Industrial Classification - Historical   SIV Num Sale of Investments   SPCE Num S&P Core Earnings   SPCED Num S&P Core Earnings EPS Diluted   SPCEEPS Num S&P Core Earnings EPS Basic

Financial Management D. Vance Copyright 2010  SPI Num Special Items   SPID Num Other Special Items Diluted EPS Effect   SPIEPS Num Other Special Items Basic EPS Effect   SPIOA Num Other Special Items After-tax   SPIOP Num Other Special Items Pretax   SPPCH Num Sale of Fixed Assets - (Gain) Loss   SPPE Num Sale of Property   SPPIV Num Sale of Property, Plant and Equipment and Investments - Gain (Loss)   SPSTKC Num Sale of Preferred/Preference Stock (Cash Flow)   SRC Num Source Document   SRET Num Gain/Loss on Sale of Property   SRT Num Surplus - Total (Statutory)   SSNP Num Securities Sold Not Yet Purchased   SSTK Num Sale of Common and Preferred Stock   STALT Char Status Alert   STBO Num Short-Term Borrowings - Other   STFIXA Num Sale of Tangible Fixed Assets   STINV Num Short Term Investments - (Increase)/Decrease   STIO Num Short-Term Investments - Other   STKCH Num Change in Stocks   STKCO Num Stock Compensation Expense   STKCPA Num After-tax stock compensation   SUBDIS Num Subsidiary Undertakings - Disposal   SUBPUR Num Subsidiary Undertakings - Purchase   TDC Num Deferred Income Taxes - Net (Cash Flow)   TDSCD Num Trading/Dealing Account Securities - Corporate Debt   TDSCE Num Trading/Dealing Account Securities - Corporate Equity   TDSG Num Trading/Dealing Securities - Gain (Loss)   TDSLG Num Trading/Dealing Account Securities - Local Governments   TDSMM Num Trading/Dealing Account Securities - Money Market   TDSNG Num Trading/Dealing Account Securities - National Governments   TDSO Num Trading/Dealing Account Securities - Other   TDSS Num Trading/Dealing Account Securities - Sundry   TDST Num Trading/Dealing Account Securities - Total   TF Num Trust Fees   TFVA Num Total Fair Value Assets   TFVCE Num Total Fair Value Changes including Earnings   TFVL Num Total Fair Value Liabilities   TIC Char Ticker Symbol   TIE Num Interest Expense - Total (Financial Services)   TII Num Interest Income - Total (Financial Services)   TLCF Num Tax Loss Carry Forward   TRANSA Num Cumulative Translation Adjustment   TSA Num Treasury Stock (Assets)   TSAFC Num Total Sources/Applications of Funds (Cash Flow)   TSCA Num Treasury Stock (Current Asset)   TSO Num Treasury Stock - Other Share Capital   TSTK Num Treasury Stock - Total (All Capital)   TSTKC Num Treasury Stock - Common   TSTKME Num Treasury Stock Book Value - Memo Entry   TSTKN Num Treasury Stock - Number of Common Shares   TSTKP Num Treasury Stock - Preferrred   TSTLTA Num Treasury Stock (Long-Term Asset)   TX Num Taxation   TXACH Num Income Taxes - Accrued - Increase/(Decrease)   TXBCO Num Excess Tax Benefit Stock Options - Cash Flow Operating   TXBCOF Num Excess Tax Benefit of Stock Options - Cash Flow Financing   TXC Num Income Taxes - Current   TXDB Num Deferred Taxes (Balance Sheet)   TXDBA Num Deferred Tax Asset - Long Term   TXDBCA Num Deferred Tax Asset - Current   TXDBCL Num Deferred Tax Liability - Current   TXDC Num Deferred Taxes (Cash Flow)   TXDFED Num Deferred Taxes-Federal   TXDFO Num Deferred Taxes-Foreign   TXDI Num Income Taxes - Deferred   TXDITC Num Deferred Taxes and Investment Tax Credit   TXDS Num Deferred Taxes-State   TXEQA Num Tax - Equivalent Adjustment   TXEQII Num Tax - Equivalent Interest Income (Gross)   TXFED Num Income Taxes - Federal   TXFO Num Income Taxes - Foreign   TXNDB Num Net Deferred Tax Asset (Liab) - Total   TXNDBA Num Net Deferred Tax Asset   TXNDBL Num Net Deferred Tax Liability   TXNDBR Num Deferred Tax Residual   TXO Num Income Taxes - Other   TXOP Num Taxation - Operating Activities   TXP Num Income Taxes Payable   TXPD Num Income Taxes Paid   TXR Num Income Tax Refund

Financial Management D. Vance Copyright 2010  TXS Num Income Taxes - State   TXT Num Income Taxes - Total   TXVA Num Value Added Taxes   TXW Num Excise Taxes   UAOLOCH Num Other Assets and Liabilities - Net Change (Statement of Cash Flows)   UAOX Num Other Assets - Utility   UAPT Num Accounts Payable - Utility   UCAPS Num Paid in Capital - Other   UCCONS Num Contributions in Aid of Construction   UCEQ Num Common Equity Total - Utility   UCUSTAD Num Customer Advances for Construction   UDCOPRES Num Deferred Credits and Operating Reserves - Other   UDD Num Debt (Debentures)   UDFCC Num Deferred Fuel - Increase (Decrease) (Statement of Cash Flows)   UDMB Num Debt (Mortgage Bonds) - Utility   UDOLT Num Debt (Other Long-Term) - Utility   UDPCO Num Debt (Pollution Control Obligations) - Utility   UDPFA Num Depreciation of Fixed Assets   UDPL Char Utility - Liberalized Depreciation Code   UDVP Num Preferred Dividend Requirements   UFRETSD Num Funds for Retirement of Securities and Short-Term Debt (Cash Flow)   UGI Num Gross Income (Income Before Interest Charges)   UI Num Unearned Income   UINVT Num Inventories - Utility   ULCM Num Current Liabilities - Miscellaneous   ULCO Num Current Liabilities - Other - Utility   UNIAMI Num Net Income before Extraordinary Items and after Minority Interest   UNL Num Unappropriated Net Loss   UNNP Num Unappropriated Net Profit (Stockholders' Equity)   UNNPL Num Unappropriated Net Profit   UNOPINC Num Nonoperating Income (Net) - Other   UNWCC Num Working Capital (Use) - Increase (Decrease) (Cash Flow)   UOIS Num Other Internal Sources - Net (Cash Flow)   UOPI Num Operating Income - Total - Utility   UOPRES Num Operating Reserves   UPD Num Update Code   UPDVP Num Preference Dividend Requirements*   UPMCSTK Num Premium on Common Stock*   UPMPF Num Premium on Preferred Stock*   UPMPFS Num Premium on Preference Stock*   UPMSUBP Num Premium on Subsidiary Preferred Stock*   UPSTK Num Preferred Stock at Carrying Value   UPSTKC Num Preference Stock at Carrying Value*   UPSTKSF Num Preferred/Preference Stock Sinking Fund Requirement   URECT Num Receivables (Net)   URECTR Num Accounts Receivable - Trade - Utility   UREVUB Num Accrued Unbilled Revenues (Balance Sheet)   USPI Num Special Items   USTDNC Num Short-Term Debt - Decrease (Increase) (Cash Flow)   USUBDVP Num Subsidiary Preferred Dividends   USUBPSTK Num Subsidiary Preferred Stock at Carrying Value   UTFDOC Num Total Funds From Operations (Cash Flow)   UTFOSC Num Total Funds from Outside Sources (Cash Flow)   UTME Num Maintenance Expense - Total   UTXFED Num Current Taxes - Federal (Operating)   UWKCAPC Num Working Capital (Source) - Decrease (Increase) (Cash Flow)   UXINST Num Interest On Short-Term Debt - Utility   UXINTD Num Interest on Long-Term Debt*   VPAC Num Investments - Permanent - Associated Companies   VPO Num Investments - Permanent - Other   WCAP Num Working Capital (Balance Sheet)   WCAPC Num Working Capital Change - Other - Increase/(Decrease)   WCAPCH Num Working Capital Change - Total   WCAPCHC Num Working Capital - Change   WCAPOPC Num Working Capital/Net Operating Assets - Change   WCAPS Num Working Capital Change - Source of Funds   WCAPSA Num Working Capital Change (Separate Account)   WCAPSU Num Source and Use of Funds/Working Capital Adjustments - Other   WCAPT Num Working Capital/Cash/Net Funds Change - Total   WCAPU Num Working Capital Change - Use of Funds   WDA Num Writedowns After-tax   WDD Num Writedowns Diluted EPS Effect   WDEPS Num Writedowns Basic EPS Effect   WDP Num Writedowns Pretax   XACC Num Accrued Expenses   XAD Num Advertising Expense   XAGO Num Administrative and General Expense - Other   XAGT Num Administrative and General Expense - Total   XCOM Num Communications Expense   XCOMI Num Commissions Expense (Insurance)   XDEPL Num Depletion Expense (Schedule VI)

Financial Management D. Vance Copyright 2010  XDP Num Depreciation Expense (Schedule VI)   XDVRE Num Expense - Development (Real Estate)   XEQO Num Equipment and Occupancy Expense   XI Num Extraordinary Items   XIDO Num Extraordinary Items and Discontinued Operations   XIDOC Num Extraordinary Items and Discontinued Operations (Cash Flow)   XINDB Num Interest Expense - Deposits - Banks   XINDC Num Interest Expense - Deposits - Customer   XINS Num Interest Expense - Sundry   XINST Num Interest Expense - Short-Term Borrowings   XINT Num Interest and Related Expense - Total   XINTD Num Interest Expense - Long-Term Debt   XINTOPT Num Implied Option Expense   XIVI Num Investment Expense (Insurance)   XIVRE Num Expense - Investment (Real Estate)   XLR Num Staff Expense - Total   XNBI Num Other Insurance Expense   XNF Num Non-Financial Services Expense   XNINS Num Other Expense - Noninsurance   XNITB Num Expense - Noninterest - Total (Bank)   XOBD Num Expense - Other (Broker/Dealer)   XOI Num Expenses - Other (Insurance)   XOPR Num Operating Expenses - Total   XOPRAR Num Operatings Expenses - As Reported   XOPRO Num Operating Expense - Other   XOPTD Num Implied Option EPS Diluted   XOPTEPS Num Implied Option EPS Basic   XORE Num Expense - Other (Real Estate)   XPP Num Prepaid Expenses   XPR Num Pension and Retirement Expense   XRD Num Research and Development Expense   XRENT Num Rental Expense   XS Num Expense - Sundry   XSGA Num Selling, General and Administrative Expense   XSTF Num Staff Expense (Income Account)   XSTFO Num Staff Expense - Other   XSTFWS Num Staff Expense - Wages and Salaries   XT Num Expense - Total   XUW Num Other Underwriting Expenses - Insurance   XUWLI Num Underwriting Expense - Life   XUWNLI Num Underwriting Expense - Non-Life   XUWOI Num Underwriting Expense - Other   XUWREI Num Underwriting Expense - Reinsurance   XUWTI Num Underwriting Expense - Total

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