Free Motion in Limine - District Court of Federal Claims - federal

Case 1:95-cv-00468-TCW

Document 204-8

Filed 05/01/2007

Page 1 of 6

Fidelity's Yield on Adjustable Rate Securities Compared tO Cost of Borrowings, Jul 1989-Dec 1-994
11.000% 10.000% 9.000% 8.000% 7.000% Borrowings-Av~. Jul 1989- ~ 6.000% -~z~,,~_,o, ~ .,

Rate Received on Adjustable Rate MBS jAvg. Jul 1989-Dec 1994 = 7.75%

5.000%
4.000% Cost of One-Year FHLB Advance~ Over a 12-Month Period Avg. Jul 1989-Dec 1994 - 6.22 Vo ~ ~%~ ~=~~~~ ~'<~h~ ~~~ ~ ~

3.000%

Note: Fide/ity's rotes on ARM MBS am weighted by principa/ ba/ances including premiums; actua/ rates paid on mveme repos; advance rates from FHLB Des Moines

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Soume: Fide/ity Month/y /nvestment Comittee Repo~ Schedu/es, 1989-1994; FHLB of Des Moines (~w.fh/bdm.com/rg_histo~.htm) PDX 72 ~

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Case 1:95-cv-00468-TCW

Document 204-8

Filed 05/01/2007

Page 2 of 6

Fidelity's Spread on Adjustable Rate Securities Compared to Cost of Borrowings, Jul 1989-Dec 1994
4.000% 3.500%
3.000%

2.500% 2.000% 1.500% 1.000% 0.500%

.W' /
Average Spread Using All One Year Advances Jul 1989-Dec 1994 = 1.53%

0.000%

Note: Fidelity's rates on ARM MBS are weighted by principal balances including premiums; actual rates paid on reverse repos; advance rates from FHLB Des Moines Source: Fidefity Monthly Investment Comittee Report Schedules, 1989-1994; FHLB of Des Moines (www.thlbdm.com/rg_history.htm)

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PDX 731

Case 1:95-cv-00468-TCW

Document 204-8

Filed 05/01/2007

Page 3 of 6

Adjustable Rate Mortgage-Backed Securities Portfolio August 1988 to December 1 994 (Millions)
$1,200

$1,000

$800

$600

$400

$200

Source: Fidelity Investment Committee Report Schedules, 1988-1994

PDX 74

Case 1:95-cv-00468-TCW

Document 204-8

Filed 05/01/2007

Page 4 of 6

Fidel ity's Monthly Sales of Adjustable Rate MBS 1989-1992 (Millions)
$30.0

$25.0

$20.0

$15.0

$10.0

$5.0

Source: Fidelity Investment Committee Report Schedules, 1989-1994

PDX 75

Case 1:95-cv-00468-TCW

Document 204-8

Filed 05/01/2007

Page 5 of 6

Fidelit~is Cumulative Sales of Adjustable Rate 1989-1992 (Millions)
$1,200

MBS

$1,000

$8O0

$600

$400

$200

Source: Fidelity Investment Committee Report Schedules, 1989-1994

PDX 76 I

Case 1:95-cv-00468-TCW

Document 204-8

Filed 05/01/2007

Page 6 of 6

Borrowed Funds Ratios at Selected U.S. Thrift Institutions As of December 31, 1994 (Millions)
Total Assets 1,919 2,643 1,686 4,273 325 662 8,384 3,121 322 148 4,770 4,479 2,643 424 15,687 2,429 Total Deposits 1,092 1,092 0 516 31 197 2,724 1,084 109 23 1,698 1,613 1,092 188 7,003 1,081 Total Borrowings 708 1,333 1,682 3,553 238 436 5,079 1,775 182 76 2,465 2,264 1,333 207 7,662 1,152 Borrowings/ Assets 37% 5O% 100% 83% 73% 66% 61% 57% 57% 52% 52% 51% 50% 49% 49% 47%

Institution Fidelity: Actual Non-Breached(I) 1 2 3 4 5 6 7 8 9 10 New West FS&LA ITT Federal Bank, FSB Fifth Third SB of Western KY Plaza Home Mtg Bank, A FSB First Federal of Michigan Bluebonnet Savings Bank FSB Pocahontas FS&LA Heritage S&LA USAA FSB Bank of America, FSB Fidelity-Non-breached ~1 Standard Pacific Savings, FA 12 Glendale Federal Bank, FSB ~3 Local Federal Bank, FSB

City Floral Park

State NY

Stockton Newport Beach Louisville Santa Ana Detroit Dallas Pocahontas St George San Antonio Portland Floral Park Newport Beach Glendale Oklahoma City

CA CA KY CA MI TX AR UT TX OR NY CA CA OK

(1) Total assets equal actual assets plus incremental assets of $625 million plus contractual goodwill of $98.8 million. Total borrowings equal actual borrowings plus additional borrowings equal to the incremental assets of $625 million.

Source: Kaplan Report Exhibit Borrowed Funds Ratios (PX 1314); Fidelity Consofidated Financial Statements at Dec 31, 1994 (PX 1323); Kaplan Report Exhibit 9revised (PX 1314), and Sheshunoff lnformation Services

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PDX 78

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