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by Martin D. Weiss, Ph.D., and Michael Larson
Copyright © 2008 by Weiss Research
Published by: Weiss Research, Inc., www.MoneyandMarkets.com Source of Financial Strength Ratings: Courtesy of TheStreet.com Ratings, www.TheStreet.com
Weiss Research, Inc. 15430 Endeavour Drive Jupiter, FL 33478 Phone: 800-291-8545 ▪ Fax: 561-625-6685 Publication Date: February 2009
All rights reserved. No portion of this guide may be reproduced without written permission from the publisher. To avoid any conflicts of interest, the author, the publisher and their officers, editors and research staff do not hold positions in securities recommended in this service. Nor do I or any of our staff accept any compensation whatsoever for such recommendation. Previous performance of the service or the strategies mentioned herein is not guarantees of future success.
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1. How to Buy Treasury Bills or Equivalent 2. How to Use Your Treasury-Only Money Fund as a Bank 3. How to Set Up a Single, Safe Account for Nearly All Your Savings and Checking 4. What To Do With Your 401k 5. How to Get Rid of Risky Stocks Despite What Your Broker May Say 6. What to Do About Your Not-So-Risky Stocks 7. More, Equally Urgent Information on Bear Markets 8. Want to Stick With Banks? Here Are the Risks 9. How To Find a Strong Bank 10. How Risky or Safe Is Your Insurance? Plus, you can jump straight to our handy reference lists ... 11. Treasury-Only Money Market Funds 12. Weakest Banks and Thrifts in the U.S. 13. Strongest Banks and Thrifts in the U.S. 14. Weakest Life & Health plus Property & Casualty Insurers in the U.S. 15. Strongest Life & Health plus Property & Casualty Insurers in the U.S. 16. Select U.S. Brokers With Their Capital Multiples44
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The Safe Money Banking Survival Guide
by Martin D. Weiss and Michael Larson
1. How to Buy Treasury Bills or Equivalent
Among all investments available in the world today, U.S. Treasury bills are the safest and most liquid place for your money. But please do not confuse Treasury bills with Treasury bonds: Treasury bills are short term — under one year. Treasury bonds are long term — up to 30 years.
The primary difference: The longer the maturity, the longer you have to wait for your money. If you don’t want to wait, you can sell your bonds (or “notes,” which are between one and 10 years) on the secondary market. But if inflation or other factors have driven down their market value, you will take a loss. Three-month — or, more precisely, 13-week — Treasury bills don’t have that problem. The most you’ll have to wait is the three months and you can also cash them in at any time in-between. Any market fluctuations are infinitesimal and simply not an issue. How do you buy Treasury bills? You can open an account directly with the U.S. Treasury Department, using your Social Security number or your business tax ID number via the Treasury Direct1 program. But the most practical way to buy Treasury bills is through a money market fund that invests exclusively in short-term U.S. Treasury securities or equivalent. The Treasuries it buys enjoy the same guarantee from the U.S. government as Treasuries bought through any other venue. Plus, the Treasury-only money fund gives you the additional advantage of immediate availability of your money. You can have your funds wired to your local bank overnight. Or you can even write checks against it, much as you’d write checks against any bank checking account.
S. bank fees and charges can add up. which they usually do. How to Use Your Treasury-Only Money Fund as a Bank Traditional banking nowadays is not as easy as it appears.weissfund. Or you can shop among the funds cited in our lists. Here are the advantages: Advantage #1. So it’s not unusual to see early withdrawal penalties of all your interest on 30-day CDs and up to six months’ interest on longer term CDs. ATM withdrawals and bounced checks. your money invested in short-term Treasuries through the fund — and your access to that money — is not affected.S. Treasury securities (plus other securities that are 100% backed by U. low balances. And since the law doesn’t set a maximum penalty. writing too many checks. Banks often charge for regular checking. which includes CDs. And even if you’re comfortably under the FDIC’s insurance limits. Even if the custodian bank fails. A Treasury-only money fund invests your money in short-term U.com/funds/fund_facts. The fund uses a bank.Top of Document Which fund? We use Capital Preservation Fund2 and the Weiss Treasury Only Money Market Fund3. Treasury-only money funds have generally yielded substantially more than the yield offered on the average personal checking 2 https://www. You can get better interest with CDs. Treasuries). Yield. your liquidity — the access to your funds — is restricted by early withdrawal penalties: Federal law requires a minimum penalty of seven days’ interest for early withdrawal on any account classified as a time deposit. you may have to keep close tabs on multiple accounts.com/ 3 5 . But there. banks are free to charge more. and those accounts are completely segregated from the bank’s deposits or assets. including both savings and checking. 2. And for businesses. but strictly as a custodian for the securities.americancentury. To make sure all your money is insured. they pay no interest on checking. Our recommendation: Use your Treasury-only money market fund for most of your banking needs.jsp?fund=901 http://www. Here’s the key: The Treasury-only money fund provides you with checkwriting privileges so that you can use the money fund as your personal or business checking account.
Treasury-only money funds invariably give you more yield. Plus. for that matter) quotes you its yield. we figure that. Advantage #2. No matter what. When a bank quotes you yields — on any kind of account — it always quotes you the yields before deducting all its various service fees. Of course. Treasury-only money funds let you keep nearly all of your cash assets — whether for savings or for checking — in one single account. One Account for Both Checking and Savings. after deducting myriad bank fees. You can withdraw the entire amount. most Americans today are getting a net yield of close to zero on their accounts. This means that whether you’re investing $1. it’s almost impossible to get both optimal liquidity and the better yield in the same bank account. with no penalty whatsoever. and it’s worth every penny. And with bank charges and fees currently at high levels. But the yield quoted is the net yield that investors in the fund are actually earning. it’s almost impossible for most bank customers to collect anything near the advertised yield. when a Treasury-only money fund (or any money fund. Low Fees. your yield could be very low. when there is a rush to escape financial risk and buy Treasury bills. In contrast. where they give up most of their yield. In contrast. The bigger your balances. while many wind up losing money. the past or current yield is no guarantee of future results. the better. Advantage #3. you don’t have to worry if your balances are over a certain limit.Top of Document account in the U. a significant one. And unlike bank checking accounts. most customers find they need to divide their money between (a) a checking account. But low yield is the price you pay for maximum safety. Just 6 . How much of a difference can this make? In most cases. You have complete access to all your funds at all times. and (b) a savings account or CD. where they give up immediate access and liquidity. you can also take better advantage of the “float” — the funds remaining in your account while checks written against them have not yet cleared.S. Just remember: In times of acute crisis. At banks. The contrast for business is even greater: Since banks do not pay interest on business checking accounts.000 or $1 million. Indeed. it is invariably after deducting its fees and expenses.
when it comes to local and state income taxes. Advantage #4. So there’s no difference between bank deposits and Treasury-only money funds in that regard. your bank balance could be over the limit. You continue earning interest on your money up until the moment your check clears. With a large checking account. there is a significant difference: The dividends you earn on Treasury-only money funds are generally 7 . any excess amount in your account could be in jeopardy. You never have to worry about leaving too much in your checking account at low or zero yield. However. The longer it takes for your payees to cash their checks. And there is no limit on the Treasury’s guarantee of its obligations — whether you’re a beginning saver with just a few thousand or you’re a Bill Gates with billions. The income you earn on both Treasury-only money funds and bank accounts is subject to federal income taxes. and if the bank fails at that time. and that portion would not be covered by the FDIC.S. The full amount is available for checking at all times. No Limit to Your Account Size. earning full interest. Exempt From Local and State Taxes. you have to go through a series of contortions to keep your money safe from failure: In each CD. current market yields. Otherwise. When you use banks for your savings or checking. you would have to call your bank almost daily to make sure it’s not over the FDIC limit. Advantage #5. the more interest you earn.Top of Document write a check or request a wire transfer. With Treasury-only money funds. Reason: If there are several big checks outstanding. Your money consistently earns competitive. Treasury Department. You may have to spread your CDs among various accounts. and it’s done. the accumulation of accrued interest could put your balance over the limit. insurance is a moot point. Your funds are invested strictly in securities that are guaranteed directly by the full faith and credit of the U. you have to make sure your initial investment is comfortably below the coverage limit.
You can write as many checks as you want.” they really mean it. The income earned on bank accounts and CDs is not exempt from local and state income taxes. giving them instructions to issue a wire transfer. Advantage #6. as often as you want. Most Treasury-only money funds do not charge you any extra fee for checkwriting privileges. Sometimes banks say they’re giving you “free checking. you’re paying for checking — and probably too much. Advantage #7. you will need to have a signed authorization on file. They may charge you a fee for each check you write.) 3. But .Top of Document exempt from local and state income taxes. They may charge you a flat monthly service fee. This can be done when you open your account. paying little or no interest. generating interest income immediately. Nearly all banks charge you — one way or another — for your checking privileges. As with any financial institution. you can avoid the holding period. however. In short. your funds will be available immediately. But those fees are almost always lower than the charges at banks. (Before the fund can accept your wire instructions. You can write a check against the balance in your account — to yourself or to another payee. 2. Truly Free Checking. there will be a holding period for the out-of-town checks you deposit to your account. You can also authorize telephone instructions for redemption by check when you 8 . No matter what. And some do levy certain charges for special services. That’s to be expected. This is not true for all Treasury-only money funds.. You can request a check be sent to you directly from the fund. however.. And if you deposit your money via wire transfer. Or they may charge you a combination of both. When they say “free checking privileges. There are four ways you can withdraw your money from your Treasury-only money fund: 1. except for the holding period. You can call or send a fax to your money fund’s shareholder services department.” but require large minimum balances. Immediate Liquidity. all of the funds received by your Treasury-only money fund are available to you all of the time. But your money goes to work for you right away.
usually $50 or $100. “Will you charge me a per-check transaction fee?” If the answer is yes and you anticipate a relatively active account. it’s reasonable to expect a printing charge.Top of Document open your account. annoying disadvantage: Most money funds impose a minimum amount for each check. Step 3. So you may need a small local checking account for checks under their minimum. or trust. One small. On its website. Select a Treasury-only money market fund. whether you have a lot of money set aside or just small amounts. you can also use your Treasury-only money fund to open a separate account for your IRA or other retirement accounts. Safe Account for Nearly All Your Savings and Checking Whether you are an active investor or not. this 9 . we recommend these steps: Step 1. it could be established as an individual. 3. custodian. at least the first 20 or 25 checks should be free. If you want additional checks. How to Set Up a Single. 4.) Step 2. For your personal checking account. joint. semi-annually or annually. “What is the minimum dollar amount for which I can make out each of my checks?” It should be no more than $100. look elsewhere. You can establish a systematic program to automatically send a set amount to you monthly. Decide what type of account you want to open. and will you penalize me if my balance falls below the minimum?” If the minimum is too high for you or if there is a penalty. quarterly. or while you’re on the phone with its customer service department. but it should be minimal. (In addition. “Do you accept deposits of second-party checks?” If the answer is no. “What is the minimum balance that I must maintain in my account. don’t do business with this fund. get answers to a few questions about the costs associated with check-writing privileges: “How many checks will you provide for me at no charge?” For personal accounts.
but goes into the deceased’s estate to be distributed. fill out the new account 10 .Top of Document may not be the right fund for this plan. don’t forget to use the child’s Social Security number for correct IRS reporting. now is the time to ask. his or her percentage does not automatically go to the survivor. TTEE Doe Family Trust. meaning that the entire account balance will pass to the survivor in case one of the joint owners dies. along with the documentation needed. JTIC means that each person owns a set percentage of the account. If you are not sure about what forms and documents you will need to submit to open an account. Then read them carefully before investing. be sure to specify that in writing when you open the account. Example: Jane S. Plus. If you’re opening a new retirement account. If you want the account to be registered as joint tenants in common (JTIC). if applicable. are: Type 1. IRA. This information should include a new account application. minor custodian account: You’ll need the application and the signature card (indicate the number of signatures that will be required to cash a check). Step 4. Hint: Put the trustee name(s) first on the account registration to reduce the paperwork that would be needed whenever an account transaction is requested. unless you specify otherwise. you will need certified copies of the appropriate trust documents or court papers appointing a guardian and any power of attorney forms. or other retirement account or rollover: Ask for the IRA or retirement plan application and agreement. Type 3. Some typical types of accounts. Type 2. and if one person dies. a transfer authorization and a rollover certification form. Step 5. Trust or guardianship: You will need the application and the signature card (indicate the number of signatures needed to cash a check). Download the prospectus and application from the fund’s website. Roth IRA. Doe. If you wish a custodian account for a minor child (UGMA). Joint accounts. Or you can also ask the fund to send the materials via first-class mail. Individual or joint account. will probably be opened as joint tenants with rights of survivorship (JTWROS).
You should receive written confirmation of your deposit in the mail within a few days and a checkbook within about two weeks. Step 7. If it’s an IRA rollover and you have a distribution from a retirement account that you are going to transfer to the Treasury-only money fund. Write all of your checks that are above the fund’s per-check minimum from the Treasury-only money fund account. Step 10. each month with one check written from your Treasury-only money fund. occasional checks. Keep only a minimal amount in your local bank for petty cash and small. (Important: Due to IRS regulations. pay off your credit card. To maximize your total safety and liquidity. If there is no space on the application. put the following information in a separate.Top of Document application only. Step 8.) Step 6. Then make your first deposit check payable to the Treasury-only money fund and mail it with your new account materials. These could include 11 . With the above documents. Step 9. in order to avoid any interest charges. check writing is not possible on IRA accounts. These can include any investment funds you wish to keep liquid and available for upcoming opportunities. Also be sure to include a copy of the most recent statement from your current custodian. fill out both the new account application and the rollover certification form. in full. Don’t forget to sign the application. city and state Your bank’s “ABA” number Your bank’s wire transfer account number Your account number at the bank All registered names on the account Note: The account title on your bank account should be the same as the title on your Treasury-only money fund account. Step 11. transfer the bulk of your cash funds to the Treasury-only money fund account. signed letter: Your bank’s name. fill out both the application and the transfer authorization. as well as most of your regular spending money and most of your keep-safe savings. also provide the basic wiring instructions to the fund. If you’re transferring a retirement account directly between custodians. Use a major credit card for as many of your purchases as possible. Then.
etc. do not send cash in the mail. you will now have superior safety overall.) As always. (Note: Canceled checks are not usually returned to you automatically. You will receive monthly statements from the fund showing all your checking transactions. plus any other activity including deposits. just call the fund’s shareholder services at its toll-free number. make them at your local bank and then send the funds to your Treasury-only money fund via either a check or wire transfer. significantly greater effective yields. (You may use the deposit slip and envelope that most funds provide you with your monthly statement.) That’s it! With these steps. At most funds. 4. you should have the funds in your account the next business day. If you have cash deposits. you may deposit your salary and any checks payable to you directly into your account. If you want to know if your check has cleared your fund and you don’t want to wait for the written confirmation in the mail. Just endorse the checks with your signature on the reverse side and include the words “for deposit to. Step 13. rent. if you call before 3 PM Eastern Time. just call your Treasury-only money fund and give them instructions to transfer the money to your local bank. dividend income credits. greatly reduced bank charges and maximum liquidity. utility bills and any large purchases at establishments that give you a better price for non-credit card purchases. What To Do With Your 401k Many people confuse two separate questions: The first and most urgent question is: What investments do you own? The second question is: What the kind of account are you using to buy those investments? 12 . monthly credit card bills. unless you specifically ask for them. Then simply mail your deposit to the fund. In most cases.Top of Document checks for paying your mortgage. If you need a large amount of cash or want to buy traveler’s checks. Step 12.” followed by your account number at the fund.
Unless you may be short of cash. shift 50% immediately and the balance when the stock market enjoys a rally. if your investments are going down in value. these are rarely offered in 401ks. If not .. when the dust has settled and the coast is clear. Step 2.. Shift all of your money to the safest fund. Fourth choice: An income or bond fund that invests exclusively in U. Later. no one knows where the bottom in the market might be. you can start shifting back to equities. your retirement could be cut half — or worse.S. Fifth choice: An income or bond fund that invests mostly in U. Step 4. as follows: First choice: Treasury-only money market fund. if your 401k has one. Therefore. But at this point. Get from your employer or 401k manager the list of options available in your 401k. Third choice: A standard money market fund.) Second choice: A government-only money market fund. You cannot afford that risk. This is not a permanent solution. If you’re concerned the market has just plunged and you are selling at the wrong time. continue adding to your 401k normally. government notes and bonds and nothing in corporate bonds. Just make sure all new funds are invested in the safest choice you 13 . favor government paper over corporate or bank paper. we disagree with those who recommend you hold the stock mutual funds in your 401k and just keep buying more on the way down. Pick out the safest one. In sum. depending on what investment choices you made.. and favor short term over long term. Step 3.S.. government notes and bonds and as little as possible in corporate bonds. Step 1.Top of Document Let’s begin with the investments: With the exception of certain kinds of accounts guaranteed by insurers or others. follow these steps . So it’s better to be safe than sorry. And based just on what we’ve seen so far. Instead. (Unfortunately. you risk losing money regardless of what kind of account you have them in.
be prepared to suffer far deeper losses. you’d better sell — or hedge against — your risky stocks now. as with your 401k. In this way. sell half at the market.Top of Document selected in Step 2. you’d probably be thinking about buying — not selling. and they know that. If you don’t. Broker Pitch #1: “Buy more. wait for an intermediate rally to sell the balance. call your broker and issue one. 529 savings plans and other tax-protected plans. How to Get Rid of Risky Stocks Despite What Your Broker May Say If you haven’t done so already in response to our many earlier warnings. most brokers will try to talk you out of it. reducing your exposure to risk immediately.” Sound too simple? Perhaps. Follow the same general approach with IRAs. With this in mind. 14 . They want to keep you as a customer. they often close their brokerage accounts. instead of losing just $100. So if you didn’t already own 100 shares. But beware: No matter how much you seek to sell or when. once customers sell their stocks. Instead. you’ll be losing $200. it’s actually the lesser of the evils. Next. you can continue to take advantage of your company’s matching program and your money can continue to grow without the drag of taxes. 5. One way is to ignore what everyone thinks or says. They have a hidden agenda. But compared to sitting back passively and letting your retirement be destroyed by a long or deep bear market. four-letter instruction: “SELL. many brokers have been trained with up to seven sales pitches designed to keep you in the market come hell or high water. why not double down and take advantage of dollar-cost averaging?” The more likely result in a bear market: Every time your stock falls by another $1 per share. These offer the additional advantage of allowing you to buy short-term Treasuries or a Treasury-only money market fund.” Their argument goes something like this: “Your stock is now selling at bargain prices. Worried that you may be selling at exactly the wrong time? Then.
Broker Pitch #4: “You can’t afford to take a profit and pay the taxes. which would you prefer — paying some taxes on profits or paying no taxes on losses? Broker Pitch #5: The “don’t be a fool” argument. “Stocks look very cheap now and we’re very close to rock bottom. brokers and their affiliates have been — and are likely to continue — liquidating shares. So whether you or your heirs pay those taxes now or in the future is mostly a difference of timing. brokers often come back with this approach: “Your losses are just on paper right now. Nor do they reveal that the Securities & Exchange Commission (SEC) requires brokers themselves to value the securities they hold in their own portfolio at the current market price — to recognize the losses as real whether they’ve sold the securities or not. “We may even be right at the bottom. your money is dead in the water.” The reality: Although it’s not shown on your brokerage statement.” If you’ve got a profit in a stock.” goes the script. And don’t forget: If the company goes out of business. often targeting precisely the same shares they pitch to their customers. Don’t be a fool. Besides. 15 . three months from now. for their own accounts. they say: “All you’ll be doing is writing a fat check to Uncle Sam.” and that you should therefore “always invest for the long term. You can’t afford to do that. And if our next president approves legislation to raise capital gains taxes next year.” The reality: Bear markets can last for many years. And they know darn well that stocks do not hit bottom just because they look cheap.Top of Document Broker Pitch #2: “Hold for a recovery!” They argue that the “market will inevitably recover. you’ll be kicking yourself. You can’t afford to do that. all you’ll be doing is locking them in. If you sell now.” that the “recovery is always bigger and better than any near-term decline. It could take still longer for the averages to recover to current levels. it could actually cost you more. Worse. During all those years. Nor does anyone at their firm.” If you insist on selling. So if you sell.” The truth: Brokers don’t have the faintest idea where the bottom is.” What they don’t tell you is that there is no fundamental difference between a paper loss and a realized loss. Broker Pitch #3: “You can’t afford to take a loss. your stock will be worthless and will never recover. the true value of your portfolio is net of taxes.
this pitch is invoked. What to Do About Your Not-So-Risky Stocks Not all stocks are created equal. and . they’re stimulated by government efforts to bail out companies or stimulate the economy. Broker Pitch #7: The last ace-in-the hole in the broker’s arsenal of pitches is the patriotic approach.” The truth: Locking up precious capital in sinking enterprises is not exactly good for our country. some fall more than the stock averages. 6.. you still could be vulnerable to significant losses for four reasons: Investors need cash and sell even the best stocks to raise funds . those can be even better selling opportunities. are you sure you want to run away now — just when things are starting to turn around in your favor?” The truth: In a bear market. “Your shares are finally starting to come back.. If you have stocks that your money manager or broker insist are in the latter two categories. Often. then it may make sense to do so. some fall less.. Better to safeguard the funds and reinvest them in better opportunities at a better time. If so. moving higher as the rest of the market falls... “Do you realize. After waiting all this time. intermediate rallies actually give you the best opportunity to sell.. Investors suffer large losses in the rest of their portfolio and take profits in their best stocks to help offset the loss .” they’ll say.Top of Document Broker Pitch #6: “The market is turning. In a prolonged bear market. 16 . “what could happen if everyone does what you’re talking about doing? That’s when the market would really nosedive. “Look at this big rally!” they say. But even with these special situations. which it certainly will at some point soon.” If the market enjoys an intermediate bounce. But if you and millions of other investors would just have a bit more faith in our economy — in our country — then the market will recover and everyone will come out ahead. a very small number of stocks can actually buck the trend. and he makes a strong case for holding them.
is currently available for your immediate download. Not recommended. if you’ve decided to hold them.com/bear-market-defense-forum-transcript-part-ii-26513 17 . There are four vehicles available for hedging your stock portfolio. 10-01-08. Selling short individual stocks. we discuss the Weiss Bear Strategy..” 4 5 http://www. our free report. Equally Urgent Information on Bear Markets For more free information on bear market strategies that’s equally urgent. 3. no matter how good the companies may be.moneyandmarkets. you will need a hedge — an investment that’s designed to go up when stocks go down.. “The spreading financial crisis has us in the clutches of a tough bear market in stocks . This is recommended for most investors who decide to continue holding stocks in their portfolio despite a bear market. 2.moneyandmarkets. More. 7. Deflation drives down the price of all assets. Each or all of these situations can drive down the value of your stocks. For detailed instructions on inverse ETFs and how to use them.pdf http://www.Top of Document Fear overcomes logic and investors throw out the baby with the bathwater. Here they are.. including the best stocks. refer to: Bear Market Defense Forum Part 15 and Part II6. Spending small amounts of money on put options.. In the second part of this presentation.moneyandmarkets. listed from least risky to most risky: 1. Buying inverse ETFs. How to Protect Your Stock Portfolio From the Spreading Credit Crunch4. Selling short stock futures.com/wp-content/uploads/2008/07/MAM767_Special_Report.com/bear-market-defense-forum-transcript-26212 6 http://www. Not recommended. Therefore. This is recommended for investors with some risk capital available. and/or . 4.
this is a signal to SELL..com/dow-plunges-504-heres-whats-next-27498 12 http://www. repeal the law of supply and demand .com/no-bailout-may-be-big-enough-to-bring-a-quick-end-to-this-bear-market26002 9 http://www.11 9-15-08.moneyandmarkets. “You cannot wait to see how long Wall Street’s celebration will last or how soon Washington’s plan will fail.12 7-28-08. even freeze the march of time. “They’d have you believe they can outlaw the cycle of boom and bust .” 7 http://www. The selling stampede . shocks and wake-up calls coming as early as next week: The fear factor.com/washington-declares-war-on-debt-crisis-urgent-q-a-25936 11 http://www.10 9-19-08.” No Bailout May Be Big Enough to Bring a Quick End to This Bear Market. Don’t fall for it! In reality. nearly every single one of our leaders — including Bernanke and Paulson.moneyandmarkets.com/unthinkable-truth-undeniable-reality-2-25408 13 http://www. “Bust follows boom in financial markets like night follows day.8 9-22-08..” Dow plunges 504! Here’s what’s next. no government in history has ever been able to do anything of the kind. and they know it. Democrats and Republicans — is really a gloom-and-doom pessimist in disguise. And for those who are looking for a hedge or profit opportunity for the next big decline. In the real world.moneyandmarkets.com/warning-nasty-surprises-coming-next-week-25972 10 http://www.Top of Document Last Chance for the Truth7. You must take protective action now. behind the façade of their feel-good happy talk and beneath the thin veneer of their Pollyanna optimism. Why? Because.13 7-21-08. For stocks that are vulnerable to a credit crisis and an economic decline. 9-28-08. Our forecast is unchanged: 7200 on the Dow. Brace yourself for “a few nasty surprises. with a lot further to fall.moneyandmarkets.” Unthinkable Truth. the Dow is still not far from its all-time peaks.9 9-21-08.” Warning: Nasty Surprises Coming Next Week.. this is an ideal opportunity to get started.com/last-chance-for-the-truth-26156 http://www...moneyandmarkets.moneyandmarkets. “This is the first stage of the dangerous bear market we’ve been warning you about. “You’ll soon hear the Wall Street pundits arguing that this is the ‘climactic capitulation’ that will end the decline.. of course.” The Great American Nightmare. Undeniable Reality.com/the-great-american-nightmare-3-25380 8 18 . “Is this the signal to jump back into stocks? No.” Washington declares war on debt crisis! Urgent Q&A.moneyandmarkets.
avoid bank stocks and bank debentures or bonds. But sometimes it may not be.S. In this situation. And put the bulk of your funds in short-term Treasury securities bought directly from the U. finds a merger partner or takes it over. We hope that time period would be very short — just a few days. This can be a quick process. even if your bank has not failed. Or you have bought bank bonds or bank debentures. you will suffer losses. you could suffer severe losses as well.” 8. Treasury Department or through a Treasury-only money market fund. the bells are finally ringing and doing so loudly.Top of Document How to Prepare for the NEXT Panic. ‘they’re not going to ring any bells. Don’t let that happen to our subscribers!’ But today. To reduce your risk. We see three possible situations: Situation #1. “‘When another collapse is about to begin. You are an insured depositor. in the event of a national bank holiday. Situation #2. And for double protection. even if your bank fails. Situation #3. the FDIC steps in. Want to Stick With Banks? Here Are the Risks When a bank goes under. and almost everyone will get caught in the melee. However. And even with so-called “toobig-to-fail” banks. But it could be more. always use a strong institution regardless of insurance protection or other guarantees.moneyandmarkets. Keep your deposits under the FDIC insurance limit. You’ve got savings or checking accounts with the bank and they are under the FDIC insurance limit. In most bank failures. fewer still will take protective action. bonds or other debts. You are a shareholder in a bank that’s failing. Few investors will see it coming. You have deposits with a bank that are over and beyond the FDIC insurance limits. Do not count on the government to cover uninsured deposits. your savings should be secure and available at any time.14 7-07-08.com/how-to-prepare-for-the-next-panic-3-25324 19 .’ Dad warned. if you must do business with a bank. you may be denied access to most or all of your funds for an unknown period of time. In normal times. 14 http://www. you will probably lose all or most of your money whether the government tries to bail the bank out or it’s allowed to fail and is taken over by the FDIC. or it could happen more than once.
Or you can use a search function on your screen (such as the F4 key in MS Internet Explorer or the “Find” function in Adobe Reader). type in the state if you have it. Then. they are listed in alphabetical order.” This will take you to a new page with the bank screener. Step 3.TheStreet. it implies your bank’s relative safety is “good” or better. When you have your bank’s rating. If your bank is rated D+ or lower. Seriously consider moving your money elsewhere. and you’ll see a box on the left-hand side to fill in your bank information. Step 4. the program will probably not find your bank. it’s a red flag. Go to www. follow these guidelines: If your bank is rated B. become familiar with this ratings scale: A = excellent B = good C = fair D = weak E = very weak + = the upper third of each grade range . Find your bank in our list of Weakest Banks and Thrifts in the U. under Bank name. type in strictly the FIRST name of the bank with no spaces. (If you type in more than the first name. How To Find a Strong Bank Step 1. At the home page.= the lower third of each grade range Step 2.. or in our list of Strongest Banks and Thrifts in the U.S. For your convenience. To narrow the search.or higher.” Pull down that menu and select “Banks & Thrifts Screener. the interest penalty is a small price to 20 .S. while weighing the cost of any interest penalties. If you cannot find your bank or thrift in one of our lists below .) A list of banks with their ratings should appear to the right of the data entry box.com. you’ll see the item “PORTFOLIO & TOOLS.Top of Document 9. First. in the menus in the upper right. For uninsured deposits..
. For insured deposits. From the list displayed to the right.Top of Document pay for safety.html?src=ratingsindex&tab=3 http://maps. your savings can go down with it. If you’re shopping for a new bank. Refer to our list of the Strongest Banks and Thrifts in the U.S. it will depend on how much you value your peace of mind. Under Rating.com/maps 21 . Or search for the bank at Google Maps. If your bank is rated C-. there are three: Cash-value policy. Your funds go into the insurance company’s own balance sheet. Return to Bank and Thrift Screener.15 Under State. select your state. it’s a yellow flag. You may see some that you know have a branch near your home or place of work. look for banks with a rating of B+ or better.google. Step 1. Monitor the rating every three months or so to make sure it has not been downgraded below C.” set the number of banks to be listed to 100.16 10. Step 5. C or C+.thestreet.. How Risky or Safe Is Your Insurance? The risk you take with an insurance policy depends on two things: The type of policy you have and the relative strength or weakness of the insurance company. select “or higher.. favor institutions with a rating of B+ or better.” Then. and if their balance sheet goes down. select B.. Generally speaking. 15 16 http://www. Determine which broad category of policy you have. They include fixed annuities and whole life.(to D+ or lower).com/screener/index. So here are the steps to follow . sometimes called universal life. Or . These are the most affected by the failure of the insurer. on the list to the right. To the right of the rating. under “display.
.= the lower third of each grade range Step 3.” Pull down that menu and select “Insurers and HMOs Screener. your money is actually invested in mutual funds. For your convenience. This will take you to a new page with the insurer screener. and you’ll see a box on the left-hand side to fill in the needed information.Top of Document Variable annuities or variable life.com. auto. Under Company Type. On the home page menus in the upper right. Or you can just use the search function on your screen. Term insurance — life. you’ll see an item called “PORTFOLIO & TOOLS. So if you cannot find your insurer in one of the lists below: 1.” 3. Our lists do not include property and casualty insurers. Nor do they include very small insurers or those that are rated “fair” (C+. Your savings are not tied up. check their menu of choices and switch to the safest ones. you should check which funds you currently have. C and C-). 4. select . Step 4. it goes into separate accounts. And like the 401k. etc. Your money does not become a part of the insurance company’s portfolio. Like in a 401k. they are listed in alphabetical order. Life & Health — for life.S. Instead. or in our list of Strongest Health. home. Life and Annuity Insurers in the U.S. home or business insurance HMOs — for Health Maintenance Organizations 22 . Find your insurer in our list of Weakest Health.TheStreet.. health. Step 2. Your risk is greatly reduced because you’re paying strictly for the insurance. Life and Annuity Insurers in the U. Become familiar with the rating scale below: A = excellent B = good C = fair D = weak E = very weak + = the upper third of each grade range . health and annuity insurers Property & Casualty — for auto. Go to www. 2.
it’s a yellow flag. if you still need the insurance. Step 5. seek to do business only with strong insurers. When you have your insurance company’s rating. If your insurer is rated C-. If your insurer is rated D+ or lower. Or ..or higher. select: Life & Health — for life. seriously consider canceling the policy and. A list of insurers plus their ratings should appear to the right of the data entry box. if your situation has changed. Step 6. home and business insurance HMOs — for Health Maintenance Organizations 17 http://www. health and annuity insurers Property & Casualty — for auto. 1. Reason: If your insurer fails and you have to switch to a new company. it implies no further action is needed under normal circumstances. make sure your agent helps you make the transfer without tax consequences. you may not qualify for the insurance.thestreet. it’s a red flag. Refer to the Strongest Life & Health plus Property & Casualty Insurers in the U. you may not be able to get a similar policy or. If you’re shopping for a new insurance company. C or C+. shifting to another company. under Insurer name. Important: No matter what kind of policy you have. Unless you must have the coverage and your personal situation would disqualify you from an alternate policy. follow these guidelines: If your insurer is rated B.com/screener/index.. Monitor the rating periodically to make sure it has not been downgraded below C. Under Company Type. favor those with a rating of B+ or better. 6.Top of Document 5.(D+ or lower). Then.S. In tax-protected plans. Return to Insurers and HMOs Screener17 2.html?src=ratingsindex&tab=4 23 . type in strictly the FIRST name of the insurer with no spaces.
americancentury.moneyandmarkets. Important: Beware of the many pitfalls in long-term care insurance. 11.Top of Document 3. Most insurers are licensed to do business in many states.leggmason. 6. Weiss 18 Research’s Step-by-Step Guide to Long-Term Care. We have received a multitude of questions from readers on this topic. Money Market Funds Investing in Short-Term U.S. On the list to the right. Under Rating.” set the number of insurers to be listed to 100. Treasury Securities or Equivalent American Century Capital Preservation Fund (800) 345-2021 www. select B 4. under “display.com Symbol: APGXX BB&T US Treasury Money Market Fund/Trust Shares (800) 228-1872 www.pdf 24 . So you are not restricted to insurers that are domiciled in your state.com Symbol: CISXX 18 http://www. They ask: “Who will care for them in their golden years? How will they cover the cost? Is long-term care insurance really such a good deal as salespeople say it is? For the answers download our free special report. From the list displayed to the right. select “or higher” 5.com/files/documents/SPR0029_Step-by-Step_Guide%20Long-Term_Care.cavanalhillfunds. To the right of the rating.bbtfunds. look for insurers with a rating of B+ or better.com Symbol: CPFXX Cavanal Hill US Treasury Fund (800) 762-7085 www.com Symbol: BBUXX Citi US Treasury Reserves* 800-625-4554 www.
fidelity.com Symbol: SWUXX 25 .com Symbol: FITXX Schwab US Treasury Money Fund (800) 435-4000 www.schwab.com Symbol: ETAXX Fidelity US Treasury Money Market Fund* (800) 343-3548 https://www.firstamericanfunds. Class A* (800) 343-2898 http://www1.com Symbol: FOEXX Gabelli US Treasury Money Market Fund (800) 422-3554 www.evergreeninvestments.com Symbol: HTTXX JPMorgan 100% US Treasury Securities Money Market Fund* (800) 480-4111 www.com Symbol: GABXX Huntington US Treasury Money Market Fund Trust (800) 253-0412 www.com Symbol: DUSXX Evergreen Treasury Money Market Fund.dreyfus.com Symbol: HTSXX RMK Select Treasury Money Market Fund (800) 564-2188 http://www.morgankeegan.gabelli.jpmorganfunds.huntingtonfunds.Top of Document Dreyfus 100% US Treasury Money Market Fund (800) 645-6561 www.com/ Symbol: FDLXX First American US Treasury Money Market Fund* (800) 677-FUND www.
americanfunds.vanguard.troweprice.usfunds. these money market funds were temporarily not accepting new investors.com VMPXX Weiss Treasury Only Money Market Fund (800) 242-8092 www.com Symbol: PRTXX US Treasury Money Fund of America (800) 421-0180 www.Top of Document T. Rowe Price US Treasury Money Fund (800) 225-5132 www.tommf.com Symbol: UTAXX US Treasury Securities Cash Fund (800) 873-8637 www.com Symbol: USTXX Vanguard Admiral Treasury Money Market Fund* (800) 662-7447 www.com Symbol: VUSXX Vanguard Treasury Money Market Fund* (800) 662-7447 www. 26 .com Symbol: WEOXX * As of early 2009.vanguard.
reflecting bank and thrift data filed September 30.com Ratings.Top of Document 12. Selection criteria for the table below: U.788 $1.com.989 $1. S&Ls and other thrifts with total assets of $500 million or more and with a rating of D+ or lower.S. Distributed by: Weiss Research.MoneyandMarkets.532 $571 $2.953 $881 $774 $1.160 $801 $521 $771 $1.937 $12.TheStreet.112 $552 $932 $2.S.454 $16. Weakest Banks and Thrifts in the U.576 $5.802 $7..408 $2.001 $674 $523 $632 $672 $510 $1. 2009.248 $702 $1. NA Bank of North Georgia Bank of the Carolinas Bank of the Cascades Bank Trust City Redlands Boca Raton Cambridge Ventura Lake City Culver City Fairfax Vernon Hills Old Bridge Rockford St Paul Rockville Nashwauk Wolfforth Frankfort Spokane New York Cleveland Aberdeen Madison Ellijay Chicago Wilmington Hudson San Juan New York San Juan American Fork Overland Park Arvada New York Fort Lauderdale Naples Granite Falls Coral Gables Alpharetta Mocksville Bend Mobile TheStreet. FSB Amtrust Bank Anchor MSB Anchorbank FSB Appalachian Community Bk Archer Bk Artisans Bk Avidia Bank Banco Popular de Puerto Rico Banco Popular North America Banco Santander PR Bank of American Fork Bank of Blue Valley Bank of Choice Bank of East Asia USA NA Bank of Florida . www. savings banks. commercial banks.127 $698 $5. 2008. Data source: FDIC’s Call Reports and OTS’ Thrift Financial Reports of January 30. www.024 $1.com Rating State CA FL OH CA MN CA VA IL NJ IL MN MD MN TX KY WA NY OH WA WI GA IL DE MA PR NY PR UT KS CO NY FL FL NC FL GA NC OR AL E D+ D+ DD EDD+ DDDD+ D+ D DE+ DDD DD+ D D+ D D D D D+ DDDD+ DDD D+ D DD+ Total Assets ($millions) $938 $622 $1.088 27 . Inc.Southeast Bank of Florida-Southwest Bank of Granite Bank of Miami.036 $543 $596 $954 $25.537 $645 $4. Name 1st Centennial Bk 1st United Bk Advantage Bk Affinity Bk Alliance Bank Alliance Bk Alliance Bk Corp Allstate Bk Amboy Bank Amcore Bk NA American Bk American Bk American Bk North American Bk of Commerce American Founders Bk Inc Americanwest Bk Ameriprise Bank.com Source of Financial Strength Ratings: TheStreet.
038 $14.456 $4.491 28 . NA Compass Bank City Fort Lauderdale Coral Gables Walla Walla Baraboo Wilmington Kaysville Sturgeon Bay Fort Walton Bch Myrtle Beach E Syracuse New York New York Baltimore Bridgeview Chicago Atlanta Chicago Clayton Los Angeles Greenwood Birmingham Greenville New York Somerville Enid Honolulu Sarasota McLean Torrance Las Vegas Hammond Port Huron Lynnwood Lubbock Orlando Chicago Princeton Lamar The Dalles Sheboygan Loganville Las Vegas Mt Clemens Parsons Ankeny Goleta Asheboro Birmingham TheStreet.657 $787 $541 $520 $5.192 $4.442 $704 $11.492 $926 $15.207 $1.065 $640 $813 $1.Top of Document Name BankAtlantic BankUnited FSB Banner Bk Baraboo NB Barclays Bank Delaware Barnes Bkg Co Baylake Bk Beach Community Bk Beach First NB Beacon Federal Berkshire Bk BPD Bk Bradford Bank Bridgeview Bk Group Broadway Bk Buckhead Community Bk Builders Bk Business Bk of St Louis California NB Capitalbank CapitalSouth Bank Carolina First Bk Carver FSB Central Co-Op Bk Central National B&T of Enid Central Pacific Bk Century Bk FSB Chevy Chase Bk FSB ChinaTrust Bk USA Citibank NA Citizens Financial Bank Citizens First Svg BK City Bk City Bk CNLBank Cole Taylor Bk College Svgs Bk Colorado East B&T Columbia River Bk Community B&TC Community Bk Community Bk of Nevada Community Central BK Community South Bk Community St Bk NA Community West Bk Communityone Bank.357 $788 $695 $13.405 $2.008 $917 $612 $512 $1.422 $1.639 $552 $672 $662 $640 $2.607 $1.076 $663 $661 $1.867 $1.149 $643 $635 $1.009 $841 $1.023 $1.com Rating State FL FL WA WI DE UT WI FL SC NY NY NY MD IL IL GA IL MO CA SC AL SC NY MA OK HI FL VA CA NV IN MI WA TX FL IL NJ CO OR WI GA NV MI TN IA CA NC AL D ED+ DD+ D D DD+ D+ ED ED+ DDDD DD E D+ DE+ D D E D DCD E+ D D+ D+ DDD+ E+ D+ F DDD+ D D D+ D+ Total Assets ($millions) $6.112 $2.236 $925 $515 $527 $6.069 $61.324 $1.
103 $1.583 $1.177 $4.265 $10.com Rating State PA NC IL VA CA WA GA LA GA OH AZ PR CA VA MD WI PR CA GA FL MI GA MI NY CA MO WI NY FL NM IL CA AR CA PA GA WA MD TX GA SC OH CA MI GA TN OK FL D DDDED+ D D+ D+ D+ DDF DD DDD+ DEDD+ D+ D+ D D D E DD DD+ D DD+ D D+ DD+ DDDD+ D DDD D Total Assets ($millions) $715 $982 $8.466 $585 $657 $790 $7.076 $1. FSB County Bk Cowlitz Bk Crescent B&TC Crescent B&TC Darby B&TC Delaware County B&TC Desert Hills Bk Doral Bank Puerto Rico Downey S&LA FA E*Trade Bank Eastern Svgs Bk FSB Equitable Bk SSB Eurobank Exchange Bk Farmers & Merchants Bk Federal Trust Bank Fidelity Bank Fidelity Bk Fifth Third Bk First American Intl Bk First Bank of Beverly Hills First Bk First Bk Fncl Centre First Central Svgs Bk First Commercial Bk of FL First Community Bk First Community Bk First Community Bk First Federal Bank First Federal Bank of CA FSB First FS&LA of Bucks Cty First Georgia Banking Co First Independent Bk First Mariner Bk First NB in Edinburg First NB of GA First NB of the South First Place Bank First Private B&T First St Bk First St Bk First Tennessee Bk NA First United B&TC FirstBank Florida City Chester Springs Wilmington Chicago Alexandria Merced Longview Jasper New Orleans Vidalia Lewis Center Phoenix San Juan Newport Beach Arlington Hunt Valley Wauwatosa San Juan Santa Rosa Lakeland Sanford Dearborn Norcross Grand Rapids Brooklyn Calabasas Creve Coeur Oconomowoc Glen Cove Orlando Taos Joliet Santa Rosa Harrison Santa Monica Bristol Franklin Vancouver Baltimore Edinburg Carrollton Spartanburg Warren Encino Eastpointe Stockbridge Memphis Durant Miami TheStreet.796 $605 $698 $745 $3.865 $592 $1.783 $1.941 $944 29 .666 $582 $602 $1.427 $109.003 $1.038 $616 $797 $706 $510 $8.853 $564 $1.587 $1.701 $12.262 $889 $856 $3.221 $585 $696 $682 $32.779 $45.758 $53.078 $551 $2.Top of Document Name Conestoga Bank Cooperative Bk Corus Bk NA Countrywide Bank.354 $554 $832 $1.
251 $21.835 $1.com Rating State PR MI FL FL FL IL TX VA WA OH GA UT FL CO WI TX MO CA GA MO FL MN KS MN OK OH WA WA OH IL CA MI IL TN MN NY IN IN MD MI IL DE OH OR IN NM CA MA D+ DD+ E+ E+ D F D+ D D+ D D DD+ DD+ D+ D F D D+ D DD+ D D D+ DD+ D DDDD DDDDDD+ D+ D+ D+ DD+ D+ D+ D+ Total Assets ($millions) $18.450 $53.183 $1.Top of Document Name Firstbank of PR Flagstar Bk FSB Florida Bank Florida Capital Bank.759 $560 $899 $607 $627 $1.204 $662 30 .136 $1.557 $15.111 $556 $873 $962 $964 $5.619 $640 $654 $37. NA Florida Community Bk Founders Bk Franklin Bk SSB Franklin FS&LA of Richmond Frontier Bk Geauga Svg Bk Georgia B&TC Goldman Sachs Bk USA Great FL Bk Guaranty B&TC Guaranty Bank Guaranty Bk H&R Block Bank Hanmi Bk Haven Trust Bank Heartland Bk Helm Bk Highland Bk Hillcrest Bk Home FSB Home NB Home S&LC Homestreet Bk Horizon Bk Huntington NB Illinois NB Imperial Capital Bk Independent Bk Inland B&T Insouth Bk Inter Svgs Bk FSB Intervest NB Irwin Union Bk Irwin Union Bk FSB K Bk LaSalle Bank Midwest NA Leaders Bk Lehman Brothers Bk FSB Liberty Svgs Bk FSB LibertyBank Lincoln Bank Los Alamos NB Los Padres Bk Lowell Five Cents SB City San Juan Troy Tampa Jacksonville Immokalee Worth Houston Glen Allen Everett Newbury Augusta Salt Lake City Miami Denver Milwaukee Austin Kansas City Los Angeles Duluth Clayton Miami St Michael Overland Park Rochester Blackwell Youngstown Seattle Bellingham Columbus Springfield La Jolla Ionia Lake Zurich Brownsville Maple Grove New York Columbus Columbus Owings Mills Troy Oak Brook Wilmington Wilmington Eugene Plainfield Los Alamos Solvang Lowell TheStreet.737 $2.554 $924 $829 $1.630 $1.156 $511 $1.710 $531 $4.114 $561 $858 $2.108 $4.051 $1.563 $645 $7.288 $14.097 $3.061 $3.089 $957 $4.882 $1.190 $1.411 $1.740 $2.129 $790 $2.
336 $2.511 $828 $535 $560 $1.665 $913 $656 $3.085 $1. NA Modern Bk.944 $2.557 $2.011 $846 $523 $1.079 $692 $603 $551 $593 $520 $4.678 $141.000 $2.569 $1.266 $2.com Rating State FL NV MI TN NJ IL FL AZ UT IA AR IL MO IL IA NJ NY MA IL OH NV IL CO AL NC AL IL ME IL GA PA FL LA GA TX NY PR FL CA CA IL GA OH CT FL GA OH FL D EDD+ DD+ D+ D+ D+ D D+ DD D+ D+ DDD DD DDD+ DD+ DD D+ D D+ D E+ D ED+ D+ D+ DD D+ DD D D DD+ ED- Total Assets ($millions) $2.719 $2.501 $555 $551 $2.052 $550 $5.192 $530 $514 $628 $6.257 $903 $904 $607 $518 $718 $1.439 $733 $1.166 $760 $1.841 31 . NA Mt Washington Co-Op Bk Mutual Bk National City Bk Nevada Security Bk New Century Bk New Frontier Bk New South FSB Newbridge Bank Nexity Bk Norstates Bank Northeast Bk Northside Cmnty Bk Northwest Georgia Bk NOVA Savings Bk Ocean Bk Omni Bk Omni NB OmniAmerican Bank Oneida Svgs Bk Oriental B&TC Orion Bk Pacific National Bank Pacific Trust Bk Palos B&TC Park Avenue Bk Park View FSB Patriot NB Peninsula Bk Peoples Bk Peoples Community Bank Peoples First Community Bk City Palm Beach Las Vegas Holland Brentwood New Brunswick Springfield Miami Wickenburg S Jordan Storm Lake Little Rock Marion Springfield Elmwood Park Iowa City Newark New York S Boston Harvey Cleveland Reno Chicago Greeley Irondale Lexington Birmingham Waukegan Auburn Gurnee Ringgold Berwyn Miami Metairie Atlanta Fort Worth Oneida San Juan Naples San Francisco Chula Vista Palos Heights Valdosta Cleveland Stamford Englewood Winder W Chester Panama City TheStreet.036 $1.Top of Document Name Lydian Private Bank M & I Bk FSB Macatawa Bk Magna Bank Magyar Bank Marine Bk-Springfield Mercantil Commercebank.028 $1.057 $1. NA Meridian Bank NA Merrick Bank Corp MetaBank Metropolitan NB Midcountry Bank Mid-Missouri Bk Midwest B&TC Midwestone Bank Millennium BCP Bank.
249 $16.470 $1.010 $840 $648 $1.077 $887 $3.714 $1. Louis Bank Standard B&TC State Farm Bk. Inc Sun American Bk Superior Bank Teambank NA Temecula Valley Bk The PrivateBank TIB Bank TierOne Bk City Pomona Los Angeles Medford Jefferson City Maplewood Bethesda St Augustine Tacoma Redding Des Peres Oak Brook Miami San Juan Wyoming Cape Coral Fort Pierce Narberth Los Angeles San Diego Bakersfield Savannah Gardiner Hato Rey Stuart Seattle Macon Los Angeles Olathe New York Chicago Fayetteville Atlanta Fort Worth Wyomissing Town And Country Hickory Hills Bloomington Southfield Spokane Champaign Moorefield Boca Raton Birmingham Paola Temecula Bloomfield Hills Naples Lincoln TheStreet.294 $528 $680 $941 $2.031 $886 $639 $957 $1.500 $579 $550 $1.475 $3.453 $541 $2.Top of Document Name PFF B&T Preferred Bk Premier Bk Premier Bk Premier Bk-Maplewood Presidential Bk FSB Prosperity Bk Rainier Pacific Svgs Bk Redding Bk of Commerce Reliance Bk Republic Bk of Chicago Republic Federal Bank.193 $501 $554 $3.554 $2.987 $1.368 $648 $2.com Rating State CA CA OR MO MN MD FL WA CA MO IL FL PR MN FL FL PA CA CA CA GA ME PR FL WA GA CA KS NY IL AR GA TX PA MO IL IL MI WA IL WV FL AL KS CA MI FL NE F D D DDD D+ D+ D D+ D E DDEDDD DD+ D+ D+ DDDDF D D+ D+ D+ DD+ DD D+ DDDE D DE+ DD D+ D D Total Assets ($millions) $3.979 $638 $73.131 $628 $1.552 $655 $2.223 $666 $1.415 $664 $12. FSB Sterling B&T FSB Sterling Savings Bank Strategic Cap Bk Summit Community Bk.210 32 . NA R-G Premier Bk of PR Riverbank MN Riverside Bk of Gulf Coast Riverside NB of Florida Royal Bk America Saehan Bk San Diego NB San Joaquin Bk Savannah Bk NA Savings Bank of ME Scotiabank DE PR Seacoast NB Seattle SB Security Bank of Bibb County Security Pacific Bk Security Svgs Bk FSB Shinhan Bk America Shorebank Signature Bk of Arkansas Silverton Bank.366 $832 $534 $7.900 $653 $1.511 $905 $1. NA Southwest Bk Sovereign Bk St.448 $1.
167 $575 $2.223 $67.788 $10.Top of Document Name Tower B&TC Toyota Financial Svgs Bk Tristate Capital Bank Truman Bk Umpqua Bk Union Bk United Security Bank Unity Bancorp.557 $16. FSB Warren Bk Washington First Intl Bk Waterstone Bank West Coast Bk Westernbank Puerto Rico Whitney NB City Fort Wayne Henderson Pittsburgh St Louis Roseburg Kansas City Fresno Clinton Moline Sioux City Lacey Seattle Rnch Cucamonga Houston Charlotte N Las Vegas Warren Seattle Wauwatosa Lake Oswego Mayaguez New Orleans TheStreet. Inc Valley Bk Vantus Bk Venture Bk Viking Bk Vineyard Bk. NA Wachovia Bank.058 $628 $650 $1.325 $661 $785 $864 $703 $553 $1.220 $664.890 $2.973 33 . FSB Wachovia Bk NA Wachovia Mortgage.com Rating State IN NV PA MO OR MO CA NJ IL IA WA WA CA TX NC NV MI WA WI OR PR LA D+ D+ D+ DD+ D+ DD+ D+ DDD E+ D+ D+ D+ E+ D+ DDED+ Total Assets ($millions) $692 $571 $887 $500 $8.089 $33.
472 $677 $726 $1.505 34 .S.Top of Document 13.812 $2.160 $3.com Rating State UT IL ND TX TX OK VA TX OK MS VA ID CA NY CA AR TX MO MS NV NJ NY TX MA VA LA IN CA WI TX TN NM MS TN MS FL WV NJ A A B+ B+ B+ AA AAB+ B+ A+ B+ B+ AB+ B+ B+ B+ B+ AAA+ AA AAB+ B+ A AB+ B+ B+ AA+ AB+ Total Assets ($millions) $2.744 $3. www. www. 2009.689 $1. Distributed by: Weiss Research. S&Ls and other thrifts with total assets of $500 million or more and with a rating of B+ or higher.144 $2.com. Strongest Banks and Thrifts in the U.631 $602 $1. Data source: FDIC’s Call Reports and OTS’ Thrift Financial Reports of January 30.TheStreet. savings banks.841 $524 $506 $617 $606 $526 $695 $757 $1. commercial banks.058 $724 $694 $2. Name Advanta Bk Corp Albany B&TC NA Alerus Financial NA American Bk of Texas American Bk TX NA American Heritage Bk American NB&TC American St Bk BancFirst BancorpSouth Bk Bank of Clarke Cty Bank of Commerce Bank of Marin Bank of Smithtown Bank of Stockton Bank of the Ozarks Bank of the West Bank of Washington BankPlus Beal Bk NV Bessemer TC Bessemer Trust Co NA Broadway NB Brookline Bank Burke & Herbert B&TC Cameron St Bk Centier Bank Central Valley Cmnty Bk Charter Bk Eau Claire Citizens 1st Bank Citizens Bk Citizens Bk Citizens Bk Citizens NB Citizens NB of Meridian City NB of Florida City NB of WV Columbia Bk City Draper Chicago Grand Forks Sherman Marble Falls Sapulpa Danville Lubbock Oklahoma City Tupelo Berryville Idaho Falls Corte Madera Smithtown Stockton Little Rock El Paso Washington Belzoni Las Vegas Woodbridge Twp New York San Antonio Brookline Alexandria Lake Charles Whiting Fresno Eau Claire Tyler Elizabethton Farmington Philadelphia Sevierville Meridian Miami Charleston Fair Lawn TheStreet.796 $2.807 $13.050 $686 $611 $800 $2.153 $2.MoneyandMarkets.654 $526 $752 $1.com Ratings.294 $509 $742 $985 $1.com.504 $1.. Inc. Source of Financial Strength Ratings: TheStreet.438 $4.S. Selection criteria for the table below: U. reflecting bank and thrift data filed September 30. 2008.
443 $521 $679 $2.234 $3.069 $2.053 35 .496 $1.946 $513 $881 $612 $1.625 $565 $1.464 $1.578 $536 $1.Top of Document Name Commercial Bk-Claiborne Cty Community Bk Community BK of Tri-Cty Conway NB CorTrust Bk NA Custodial Trust Co Deutsche Bk Tr Co DE Dime Svgs Bk of Williamsburg Eastern Bk El Dorado Svgs Bk FSB Evangeline B&TC Extraco Banks NA Farmers & Merch Bk Ctrl CA Farmers & Merchants Bk Farmers St Bk Fidelity Bk First Arkansas B&T First B&T East Texas First Bk First Citizens B&TC First Citizens NB First Community Bk NA First Constitution Bk First Farmers & Merchants Bk First Federal Bk of FL First Financial Bank.091 $846 $1.759 $6. NA City Harrogate Pasadena Waldorf Conway Mitchell Princeton Wilmington Brooklyn Boston Placerville Ville Platte Temple Lodi Long Beach Marion Fuquay-Varina Jacksonville Diboll Troy Columbia Mason City Bluefield Cranbury Columbia Lake City Abilene Terre Haute Hamilton Honolulu Mattoon Newtown Paragould Hot Springs Fort Pierre Anchorage Glen Head Palmerton Pulaski Santa Fe Shelby Livingston Sioux Falls Missoula S Bend Farmington Amarillo Grand Island Lexington TheStreet.499 $12.704 $6.224 $573 $582 $598 $1.331 $675 $854 $529 $615 $651 $3.781 $1.650 $3.022 $610 $600 $695 $588 $2. NA First Financial Bk First Financial Bk NA First Hawaiian Bk First Mid Illinois B&T NA First National B&TC First NB First NB First NB First NB Alaska First NB of Long Island First NB of Palmerton First NB of Pulaski First NB of Santa Fe First NB of Shelby First NB of TN First PREMIER Bk First Security Bk First Source Bk First St Community Bk Firstbank Southwest Five Points Bk Forcht Bank.065 $1.com Rating State TN CA MD SC SD NJ DE NY MA CA LA TX CA CA IA NC AR TX NC SC IA VA NJ TN FL TX IN OH HI IL PA AR AR SD AK NY PA TN NM NC TN SD MT IN MO TX NE KY AB+ B+ AB+ AAB+ B+ AAB+ AA AAA B+ B+ B+ AB+ AAA B+ A B+ AB+ A AAB+ B+ AAB+ B+ AA A AB+ B+ AB+ B+ Total Assets ($millions) $692 $2.390 $929 $681 $507 $1.027 $547 $903 $887 $4.
359 $2.855 $894 $629 $1.726 $1.751 $2. Parke Bk Penn Security B&TC Peoples Bk of Biloxi People's United Bank Piedmont FSB PriorityOne Bk Prosperity Bk Provident Bk Prudential Bank & Trust. FSB RCB Bk Republic B&TC Rosedale FS&LA Sallie Mae Bk Savings Bk of Mendocino Cty Security NB of Omaha Security NB of Sioux City IA Silicon Valley Bk Skagit St Bk Solvay Bk City Madison San Antonio Fargo Salt Lake City Kalispell Glens Falls Bloomington High Point Hills Knoxville Stamford Brownsville Wichita Dallas Jersey Shore Rancho Santa Fe Middletown Santa Rosa Los Angeles Maspeth Richmond Sycamore Blacksburg Fond Du Lac Columbus Needham Maryville Staten Island W Valley City Sewell Scranton Biloxi Bridgeport Winston-Salem Magee El Campo Montebello Hartford Claremore Louisville Baltimore Murray Ukiah Omaha Sioux City Santa Clara Burlington Solvay TheStreet.Top of Document Name FPC Financial FSB Frost NB Gate City Bk GE Capital Fncl Glacier Bk Glens Falls NB&TC Heartland B&TC High Point B&TC Hills B&TC Home Federal Bank of TN Hudson Valley Bank.289 $836 $3.com Rating State WI TX ND UT MT NY IL NC IA TN CT TX KS TX PA CA CT CA CA NY CA IL VA WI OH MA MO NY UT NJ PA MS CT NC MS TX NY CT OK KY MD UT CA NE IA CA WA NY B+ AAAB+ B+ B+ B+ B+ B+ B+ B+ AB+ AB+ AB+ B+ A B+ AAA AB+ B+ AA B+ A AB+ B+ B+ B+ B+ B+ B+ B+ A+ B+ B+ AB+ A AB+ Total Assets ($millions) $1.558 $1.436 $1.970 $602 $1.091 $2.201 $2.837 $14.136 $1. Inc.589 $825 $564 $636 $870 $17.787 $2.011 $12.187 $1.438 $1.640 $747 $600 $640 $7.814 $1.113 $1.462 $573 $527 36 .415 $792 $1. NA International Bk/Cmmrce NA Intrust Bk NA Inwood NB of Dallas Jersey Shore St Bk LA Jolla Bk FSB Liberty Bk Luther Burbank Svgs Manufacturers Bk Maspeth FS&LA Mechanics Bk National B&TC of Sycamore National Bk of Blacksburg National Exchange B&TC Nationwide Bank Needham Bk Nodaway Valley Bk Northfield Bank OptumHealth Bank.740 $557 $898 $1.368 $622 $3.800 $3.364 $842 $504 $6.108 $1.811 $2.876 $1.
Top of Document Name Somerset Svgs Bk.029 $11. SLA South Side T&SB Southern B&TC State Bk of India (Calif) State Bk of Southern Utah StellarOne Bank Stock Yards B&TC Sumitomo Tr & Bkg Co USA Texas B&TC Time FSB Torrington Svgs Bk Tri City NB Tri Counties Bk UMB Bank Colorado UMB NB of America Universal Bank Univest NB&TC Washington FS&LA Waukesha St Bk Western Security Bank Wilshire St Bk Woodforest NB World Financial Network NB Wright Express Fin Svcs Corp Yakima FS&LA City Bound Brook Peoria Mt Olive Los Angeles Cedar City Christiansburg Louisville Hoboken Longview Medford Torrington Oak Creek Chico Denver Salina W Covina Souderton Seattle Waukesha Billings Los Angeles Houston Columbus Salt Lake City Yakima TheStreet.196 $711 $614 $2.038 $1.com Rating State NJ IL NC CA UT VA KY NJ TX WI CT WI CA CO KS CA PA WA WI MT CA TX OH UT WA B+ AB+ B+ AB+ B+ A+ B+ B+ B+ A AB+ B+ B+ AAA B+ B+ AA AB+ Total Assets ($millions) $598 $528 $1.073 $505 $727 $778 $1.329 $1.421 37 .384 $2.970 $1.975 $846 $598 $508 $2.576 $711 $589 $2.647 $902 $1.748 $1.
918. Data source: Statutory filings with state insurance commissioners.621.411.MoneyandMarkets.com Ratings.000 1.014.000 1.000 3.116.000 1.176.182. Company ACA Financial Guaranty Corp Ambac Assurance Corp American Physicians Asr Corp Arrowood Indemnity Co Bankers Life & Cas Co Brickstreet Mutual Ins Co Catastrophe Reins Co Clearwater Ins Co Coast National Ins Co Colonial Penn Life Ins Co Conseco Health Ins Co Conseco Ins Co Conseco Life Ins Co Conseco Senior Health Ins Co Dorinco Reinsurance Co Financial Guaranty Ins Co Finial Reins Co First State Ins Co Global Reins Corp Of America Greenwich Ins Co Highlands Ins Co Indiana Old National Ins Co Jefferson National Life Ins Co Lumbermens Mutual Cas Co Medical Liability Mutual Ins Co Monarch Life Ins Co Mortgage Guaranty Ins Corp Nuclear Electric Ins Ltd Partner Reinsurance Co Of The Us Penn Treaty Network America Ins Co Physicians Reciprocal Insurers State MD WI MI DE IL WV TX DE CA PA AZ IL IN PA MI NY CT CT NY DE TX VT TX IL NY MA WI DE NY PA NY TheStreet.715.313.296.560.000 838.000 898.000 600.498. Weakest Life & Health plus Property & Casualty Insurers in the U..000 5. prepared January 30.com Rating DD D+ D D+ E+ E+ D D+ D+ D+ D+ D+ D+ D DD E DD F D DE D+ F D+ E+ D+ F E- Total Assets ($) 633.255.113. www.437.415.000 7.032.000 4.000 38 .000 961. 2009.000 1.821. Distributed by: Weiss Research.425.722.468.223.000 953.772.000 552.000 705.528.577.700.389.000 4.894.000 1.com.864.742.464.022.000 1.000 10. Inc. insurers with total assets of $500 million or more and with a rating of D+ or lower.306.144.000 4.437.Top of Document 14. Source of Financial Strength Ratings: TheStreet.S.000 1.872.460.430.000 1.000 3.437.000 2. www.037.151.327.839.280.000 2. second quarter 2008.000 12.955.000 2.228.045.003.693. Selection criteria for the table below: U.com.000 572.000 1.000 1.S.092.469.TheStreet.584.388.
358.000 39 .000 2.772.848.000 2.169.097.410. Data source: Statutory filings with state insurance commissioners.526.029. insurers with total assets of $500 million or more and with a rating of B+ or higher.763.748.MoneyandMarkets.S.com.000 3.000 1.014. Distributed by: Weiss Research.679.000 43.552.000 743.806.226.S.com.000 2.com Rating D DD+ D D D+ D D D+ F D D+ E+ DD+ D+ D+ F DD D+ Total Assets ($) 564.432.219.000 1.008. Company Acacia Life Ins Co Alfa Life Ins Corp Alfa Mutual Fire Ins Co Alfa Mutual Ins Co Allstate Ins Co Allstate Life Ins Co State DC AL AL AL IL IL TheStreet. Inc.136.917.698.054.075.000 1.com Ratings.543. www.027.000 727.000 3.000 1.767.915.000 537.208.000 612.000 15.000 857..000 1.000 608.000 1.TheStreet.167.362.179. Source of Financial Strength Ratings: TheStreet.000 1. Strongest Life & Health plus Property & Casualty Insurers in the U.000 1.958.487.Top of Document Company PMI Ins Co PMI Mortgage Ins Co Princeton Ins Co Radian Guaranty Inc Republic Mortgage Ins Co SCOR Global Life Us Re Ins Co SCOR Reinsurance Co Scottish Re Us Inc Seabright Ins Co Standard Life Ins Co Of Indiana TIG Ins Co Triad Guaranty Ins Corp Underwriters At Lloyds London United Automobile Ins Co United Guar Residential Ins Co Of NC United Guaranty Residential Ins Co Washington National Ins Co Western United Life Asr Co Wilton Reassurance Life Co Of NY XL Capital Asr Inc XL Ins America Inc State AZ AZ NJ PA NC TX NY DE IL IN CA IL IL FL NC NC IL WA NY NY DE TheStreet.866.760.526.753.000 2.000 528.570.com Rating AB+ AB+ AA- Total Assets ($) 1. Selection criteria for the table below: U.000 812.738.294.000 1.621.000 75. second quarter 2008. prepared January 30.000.186. 2009. www.203.176.
514.649.000 6.926.183.000 1.Top of Document Company American Family Life Asr Co Of Colum American Family Life Ins Co American Fidelity Asr Co American Health & Life Ins Co American Income Life Ins Co American Modern Home Ins Co American National Ins Co American National Property & Cas Co American United Life Ins Co Ameritas Life Ins Corp Amica Life Ins Co Anthem Blue Cross Life & Health Ins Assurity Life Ins Co Auto-Owners Ins Co Auto-Owners Life Ins Co AXA Corporate Solutions Life Reins Berkshire Life Ins Co Of America Bituminous Casualty Corp Boston Mutual Life Ins Co California State Auto Asn Inter-Ins Canal Ins Co Central Mutual Ins Co Church Mutual Ins Co Cincinnati Ins Co Columbus Life Ins Co Commerce Ins Co Cooperativa D Seguros Multiples D Pr Cornhusker Casualty Co Country Life Ins Co Country Mutual Ins Co Cumis Ins Society Inc Dairyland Ins Co Empire Fidelity Investments L I C Erie Family Life Ins Co Farm Bureau Life Ins Co Farm Bureau Life Ins Co Of Michigan Farm Bureau Mutual Ins Co Farm Family Life Ins Co Farmers Automobile Ins Asn Federal Ins Co Federated Life Ins Co State NE WI OK TX IN OH TX MO IN NE RI CA NE MI MI DE MA IL MA CA SC OH WI OH OH MA PR NE IL IL IA WI NY PA IA MI IA NY IL IN MN TheStreet.000 1.087.000 942.045.000 29.198.218.000 14.928.815.532.820.000 757.243.000 3.073.343.694.000 1.000 5.000 9.com Rating B+ A+ A B+ AB+ B+ AAAAB+ B+ A A AA AB+ AB+ B+ A AB+ B+ AB+ A+ A B+ A AB+ B+ AAB+ B+ B+ A Total Assets ($) 63.931.557.245.000 884.000 7.000 1.000 878.376.784.000 3.000 40 .853.883.897.021.993.000 1.250.153.026.000 1.027.765.000 14.304.000 1.023.000 1.653.576.988.175.619.453.000 2.080.000 509.000 3.209.079.381.000 1.298.704.000 937.257.000 9.000 2.097.000 1.000 720.000 2.000 5.727.000 2.666.000 1.929.510.560.750.810.537.593.244.826.581.262.641.959.643.000 920.561.000 2.000 1.088.466.369.353.523.283.035.000 909.778.735.000 1.000 1.
000 1.918.018.com Rating B+ A B+ AB+ A A B+ B+ B+ AB+ B+ AB+ AA B+ B+ B+ A+ B+ A AA+ B+ AB+ A A B+ B+ B+ A AA B+ AB+ B+ B+ Total Assets ($) 3.604.183.000 74.282.Top of Document Company Federated Mutual Ins Co Fidelity Investments Life Ins Co Fidelity Life Assn A Legal Reserve First Investors Life Ins Co Foremost Ins Co Fort Dearborn Life Ins Co Frankenmuth Mutual Ins Co Geico Indemnity Co General Re Life Corp Georgia Farm Bureau Mutual Ins Co Gerber Life Ins Co Government Employees Ins Co Government Personnel Mutual L I C Grange Mutual Cas Co Great Northern Ins Co Great West Casualty Co Guardian Life Ins Co Of America Hartford Fire Ins Co Hartford Life & Annuity Ins Co Hartford Underwriters Ins Co Hastings Mutual Ins Co Health Net Life Ins Co Home-Owners Ins Co Illinois Mutual Life Ins Co Interins Exch Of The Automobile Club Jackson National Life Ins Co John Hancock Life Ins Co John Hancock Life Ins Co (USA) John Hancock Life Ins Co Of NY Kentucky Farm Bureau Mutual Ins Co Lincoln Benefit Life Co Lincoln Heritage Life Ins Co London Life Reinsurance Co Massachusetts Mutual Life Ins Co Mercury Casualty Co Mercury Ins Co Merit Life Ins Co Merrimack Mutual Fire Ins Co Metlife Ins Co Of Ct (Accident Dept) Metropolitan Life Ins Co Metropolitan Property & Cas Ins Co State MN UT IL NY MI IL MI MD CT GA NY MD TX OH IN NE NY CT CT CT MI CA MI IL CA MI MA MI NY KY NE IL PA MA CA CA IN MA CT NY RI TheStreet.000 2.305.000 789.112.000 81.411.000 1.000 1.000 734.000 5.493.686.589.813.000 67.106.000 1.796.146.000 41 .673.000 1.497.899.092.665.554.000 12.000 2.000 1.755.000 5.548.000 28.329.132.000 876.900.000 2.495.825.590.000 1.000 1.655.000 786.020.659.967.047.000 1.498.907.000 1.431.662.000 67.002.000 2.954.633.748.606.266.245.958.000 123.732.368.000 7.000 25.000 303.000 1.839.000 119.714.089.000 617.006.000 1.434.912.341.260.227.000 3.623.000 977.615.815.181.000 603.640.103.286.012.260.042.431.000 15.170.780.000 525.580.697.517.174.000 4.
000 22.000 3.275.000 10.000 842.000 94.516.000 1.968.000 6.000 607.294.435.376.740.259.000 610.907.237.483.418.073.617.000 3.000 899.759.384.096.842.239.445.088.091.133.018.946.000 91.302.826.552.945.730.600.000 4.000 4.416.000 133.107.000 1.com Rating AAAB+ B+ B+ B+ AAAB+ AB+ B+ B+ A A AAA B+ AAAAA B+ B+ B+ AA+ AAA+ AB+ B+ B+ AA A Total Assets ($) 25.249.000 6.281.000 965.322.313.000 2.980.506.933.000 1.000 1.242.000 748.000 5.815.000 12.Top of Document Company Midland National Life Ins Co Minnesota Life Ins Co MML Bay State Life Ins Co Motorists Mutual Ins Co MTL Ins Co Mutual Ins Co Of AZ Mutual Of America Life Ins Co Mutual Of Omaha Ins Co National Benefit Life Ins Co National Guardian Life Ins Co National Integrity Life Ins Co National Liability & Fire Ins Co Nationwide Life Ins Co Nationwide Life Ins Co Of America Nationwide Mutual Fire Ins Co New York Life Ins & Annuity Corp New York Life Ins Co New York Marine & General Ins Co North Carolina Farm Bu Mutual Ins Co Northwestern Mutual Life Ins Co Ohio National Life Asr Corp Old Republic General Ins Corp Old Republic Ins Co Owners Ins Co Pacific Life & Annuity Co Pacific Life Ins Co Pekin Life Ins Co Penn Ins & Annuity Co Penn Mutual Life Ins Co Physicians Life Ins Co Physicians Mutual Ins Co Primerica Life Ins Co Principal Life Ins Co Protective Ins Co Reliable Life Ins Co Reliastar Life Ins Co Riversource Life Ins Co Of NY Safety Ins Co Savings Bank Life Ins Co Of Ma Sentry Ins A Mutual Co Sentry Life Ins Co State IA MN CT OH IL AZ NY NE NY WI NY CT OH PA OH DE NY NY NC WI OH IL PA OH AZ NE IL DE PA NE NE MA IA IN MO MN NY MA MA WI WI TheStreet.286.000 1.000 721.000 158.233.063.000 1.000 42 .758.000 1.237.000 1.737.824.000.148.866.785.000 2.747.643.277.309.644.597.680.882.000 74.134.642.000 4.000 1.000 2.677.000 2.499.597.627.000 2.404.000 122.000 21.440.000 4.537.456.516.866.175.570.
000 1.885.000 978.932.000 2.000 6.000 2.437.141.992.375.328.235.292.000 1.508.000 1.848.000 3.695.603.Top of Document Company Shelter Life Ins Co Southern Farm Bureau Cas Ins Co Southern Farm Bureau Life Ins Co Standard Life & Accident Ins Co State Auto Property & Casualty Ins State Farm Life & Accident Asr Co State Farm Life Ins Co State Farm Mutual Automobile Ins Co State Volunteer Mutual Ins Co Stonebridge Life Ins Co Teachers Ins & Annuity Asn Of Am Tennessee Farmers Asr Co Tennessee Farmers Life Ins Co Tennessee Farmers Mutual Ins Co Thrivent Life Ins Co Tokio Marine & Nichido Fire Ins Ltd United Farm Family Life Ins Co United Farm Family Mutual Ins Co United Of Omaha Life Ins Co United Services Automobile Asn USAA Casualty Ins Co USAA Life Ins Co Variable Annuity Life Ins Co Wesco-Financial Ins Co West Bend Mutual Ins Co Western & Southern Life Ins Co State MO MS MS OK IA IL IL IL TN VT NY TN TN TN MN NY IN IN NE TX TX TX TX NE WI OH TheStreet.000 11.000 43.666.063.000 860.000 1.317.303.813.000 1.082.565.com Rating AAA AB+ A+ A+ B+ B+ B+ A+ A A AB+ B+ A AB+ A+ A+ A B+ B+ AB+ Total Assets ($) 910.750.743.000 516.221.000 10.351.000 62.328.337.783.000 1.372.318.159.945.257.993.000 2.000 43 .308.491.000 199.224.739.000 8.000 13.083.000 843.880.026.690.000 101.000 1.594.719.910.000 19.203.349.381.
43 5.65 11. Important: Do not rely exclusively on this measure to evaluate the relative safety of your broker.Top of Document 16.21 44 .80 13.98 13.97 5.90 15. Brokerage Firm Edward Jones Bank of New York Mellon (Pershing) T.85 5. Inc. When you have a choice.90 3. Selection criteria for the table below: Based on reader interest and other issues we deemed relevant to investors.93 5.00 4.86 12. favor brokers with a higher capital multiple as an indicator of their ability to withstand losses or other financial difficulties. Data source: Securities and Exchange Commission (SEC) and most recent financial statements. Select U.06 3.62 7.85 5.S.72 4. Brokers With Their Capital Multiples Publisher: Weiss Research. Definition of Capital Multiple: Total net capital divided by minimum capital requirement.92 8. Rowe Price Scottrade OptionsXpress Raymond James Merrill Lynch Fidelity Bank of America Securities ING Direct Schwab Lehman Brothers E*Trade TD Ameritrade Citi Smith Barney Goldman Sachs Morgan Stanley Capital Multiple 19.
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