-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, LCdQfDWfyhxAWkS5rYW4v8qBC08daVozuV6JwBTD2j9pBL2nS5aKA4dPsSSjoYr4 DoZIYnLZcfzVRr6xZnWFAQ== 0000794367-95-000019.txt : 199506300000794367-95-000019.hdr.sgml : 19950630 ACCESSION NUMBER: 0000794367-95-000019 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19941231 FILED AS OF DATE: 19950629 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: FEDERATED DEPARTMENT STORES INC /DE/ CENTRAL INDEX KEY: 0000794367 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DEPARTMENT STORES [5311] IRS NUMBER: 133324058 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13536 FILM NUMBER: 95551015 BUSINESS ADDRESS: STREET 1: 7 W SEVENTH ST CITY: CINCINNATI STATE: OH ZIP: 45202 BUSINESS PHONE: 513-579-70 MAIL ADDRESS: STREET 1: 7 W SEVENTH ST CITY: CINCINNATI STATE: OH ZIP: 45202 FORMER COMPANY: FORMER CONFORMED NAME: R H MACY & CO INC DATE OF NAME CHANGE: 19950307 11-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 11-K [X] ANNUAL REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES AND EXCHANGE ACT OF 1934 [FEE REQUIRED] For fiscal year ended December 31, 1994 [ ] TRANSITION REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED] Commission file number: 1-13536 A. Full title of the plan and the address of the plan, if different from that of the issuer named below: Federated Department Stores, Inc. Retirement Income and Thrift Incentive Plan B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: Federated Department Stores, Inc. 151 West 34th Street New York, New York 10001 and 7 West Seventh Street Cincinnati, Ohio 45202 FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN FINANCIAL STATEMENTS AND SCHEDULES DECEMBER 31, 1994 AND 1993 WITH INDEPENDENT AUDITORS' REPORT THEREON FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN December 31, 1994 and 1993 Index Independent Auditors' Report Statements of Net Assets Available for Benefits, with Fund Information - December 31, 1994 and 1993 Statements of Changes in Net Assets Available for Benefits, with Fund Information - Years Ended December 31, 1994 and 1993 Notes to Financial Statements Schedules Schedule of Investments - December 31, 1994 1 Schedule of Reportable Transactions - Year Ended December 31, 1994 2 Independent Auditors' Report Pension and Profit Sharing Committee Federated Department Stores, Inc. Retirement Income and Thrift Incentive Plan: We have audited the accompanying statements of net assets available for benefits of Federated Department Stores, Inc. Retirement Income and Thrift Incentive Plan as of December 31, 1994 and 1993, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. As further discussed in Note 1 to the financial statements, effective July 1, 1993, the Allied Stores Corporation Profit Sharing - Investment Plan was merged into the Plan. In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 1994 and 1993 and the changes in net assets available for benefits for the years then ended in conformity with generally accepted accounting principles. Our audits were made for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules of Investments and Reportable Transactions are presented for the purpose of additional analysis and are not a required part of the basic financial statements, but are supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The Fund Information in the statements of net assets available for benefits and the statements of changes in net assets available for benefits is presented for purposes of additional analysis rather than to present the net assets available for plan benefits and changes in net assets available for plan benefits of each fund. The supplemental schedules and Fund Information have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole. KPMG Peat Marwick LLP \s\ KPMG Peat Marwick LLP Cincinnati, Ohio June 26, 1995 FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN Statement Of Net Assets Available For Benefits, With Fund Information December 31, 1994
Stability Diversified Income Thrift Incentive Fund Fund Fund Fund A Fund B Fund C Fund D Total Assets: Investments, at fair value (note 4): U.S. Government securities $ 37,482,271 $ 12,097,406 $102,606,959 $ - $ - $ - $152,186,636 Corporate debt instruments 16,453,437 3,718,138 95,806,892 - - - 115,978,467 Corporate stock - preferred 315,600 - - - - - 315,600 Corporate stock - common 55,883,987 - - 775 - 758,970 56,643,732 Common/collective trusts 27,092,475 51,599 14,300,294 122,693,047 66,624,540 21,379 230,783,334 Certificates of deposit - - 2,999,716 - - - 2,999,716 Other investments - - 4,965,980 - - - 4,965,980 137,227,770 15,867,143 220,679,841 122,693,822 66,624,540 780,349 563,873,465 Insurance contracts, at contract value (note 2 ) - - 26,608,364 - - - 26,608,364 Total investments 137,227,770 15,867,143 247,288,205 122,693,822 66,624,540 780,349 590,481,829 Receivables: Employer contributions - - - - - 7,793,520 7,793,520 Employee contributions - - 554,606 447,770 258,126 4,045 1,264,547 Accrued interest and dividends 879,736 232,909 2,267,142 5,211 76 107 3,385,181 Securities sold 242,214 - - - - - 242,214 Total receivables 1,121,950 232,909 2,821,748 452,981 258,202 7,797,672 12,685,462 Cash 8,990 - 12,146 1 - 1 21,138 Total assets 138,358,710 16,100,052 250,122,099 123,146,804 66,882,742 8,578,022 603,188,429 Accrued liabilities: Securities purchased 328,397 - - - - - 328,397 Other accrued liabilities 166,442 13,922 145,320 136,453 8,179 1,651 471,967 Total liabilities 494,839 13,922 145,320 136,453 8,179 1,651 800,364 Net assets available for plan benefits$137,863,871 $ 16,086,130 $249,976,779 $123,010,351 $66,874,563 $8,576,371 $602,388,065 The accompanying notes are an integral part of these financial statements.
(Continued) FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN Statement of Net Assets Available for Benefits, with Fund Information December 31, 1993
Stability Diversified Income Thrift Incentive Fund Fund Fund Fund A Fund B Fund C Total Assets: Investments, at fair value (note 4): U.S. Government securities $ 52,393,841 $18,168,193 $ 97,319,505 $ - $ - $167,881,539 Corporate debt instruments 22,866,893 3,441,855 65,495,034 - - 91,803,782 Corporate stock-preferred 268,800 - - - - 268,800 Corporate stock-common 59,776,694 - - 1,292 - 59,777,986 Common/collective trusts 37,628,034 381,605 19,649,985 122,243,966 63,031,355 242,934,945 Other investments - - 17,327,689 - - 17,327,689 172,934,262 21,991,653 199,792,213 122,245,258 63,031,355 79,994,741 Insurance contracts, at contract value (note 2) - - 62,304,820 - - 62,304,820 Total investments 172,934,262 21,991,653 262,097,033 122,245,258 63,031,355 642,299,561 Receivables: Employer contributions - - 6,429,813 - - 6,429,813 Employee contributions - - 839,053 355,771 209,346 1,404,170 Accrued interest and dividend 888,403 166,768 2,150,136 2,199 1,655 3,209,161 Securities sold 5,721,058 - 3,833,316 - - 9,554,374 Total receivables 6,609,461 166,768 13,252,318 357,970 211,001 20,597,518 Cash 153,957 - 750,223 1 - 904,181 Total assets 179,697,680 22,158,421 276,099,574 122,603,229 63,242,356 663,801,260 Accrued liabilities: Securities purchased 17,639,360 - 2,505,235 - - 20,144,595 Other accrued liabilities 178,555 23,089 156,578 151,487 17,296 527,005 Total liabilities 17,817,915 23,089 2,661,813 151,487 17,296 20,671,600 Net assets available for plan benefits$161,879,765 $22,135,332 $273,437,761 $122,451,742 $63,225,060 $643,129,660 The accompanying notes are an integral part of these financial statements.
FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN Statement of Changes in Net Assets Available for Benefits, with Fund Information Year Ended December 31, 1993
Stability Diversified Income Thrift Incentive Fund Fund Fund Fund A Fund B Fund C Total Additions: Investment income: Interest $ 5,238,683 $ 1,110,233 $ 12,752,807 $ 3,773,660 $ 499,120 $ 23,374,503 Dividends 2,025,310 - - - 807,770 2,833,080 Net appreciation (depreciation) in fair value of investments (note 3) 9,271,581 183,760 (1,057,525) 6,723,796 3,073,125 18,194,737 Net investment income 16,535,574 1,293,993 11,695,282 10,497,456 4,380,015 44,402,320 Contributions: Employer - - 6,580,293 - - 6,580,293 Employee - - 20,509,639 8,684,167 5,145,692 34,339,498 Total contributions - - 27,089,932 8,684,167 5,145,692 40,919,791 Total additions 16,535,574 1,293,993 38,785,214 19,181,623 9,525,707 85,322,111 Deductions: Distributions 19,650,619 8,603,639 57,852,627 14,974,248 5,152,036 106,233,169 Administrative expenses (note 6) 653,933 65,154 497,024 546,087 64,704 1,826,902 Total deductions 20,304,552 8,668,793 58,349,651 15,520,335 5,216,740 108,060,071 Transfer of assets from the Allied Stores Corporation Profit Sharing-Investment Plan - - 115,473,375 57,596,618 26,681,014 199,751,007 Interfund transfers (2,260,400) 2,260,400 (10,288,372) 7,362,799 2,925,573 - Net increase (decrease) (6,029,378) (5,114,400) 85,620,566 68,620,705 33,915,554 177,013,047 Net assets available for plan benefits: Beginning of year 167,909,143 27,249,732 187,817,195 53,831,037 29,309,506 466,116,613 End of year $161,879,765 $22,135,332 $273,437,761 $122,451,742 $63,225,060 $643,129,660 The accompanying notes are an integral part of these financial statements.
FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN Statement of Changes in Net Assets Available for Benefits, with Fund Information Year Ended December 31, 1994
Stability Diversified Income Thrift Incentive Fund Fund Fund Fund A Fund B Fund C Fund D Total Additions: Investment income (loss): Interest $ 4,040,110 $ 857,447 $ 14,555,550 $ 5,292,939 $ 337,176 $ 2,203 $ 25,085,425 Dividends 2,173,662 - - - 1,552,720 - 3,726,382 Net depreciation in fair value of investments (note 3) (10,006,227) (328,118) (6,633,050) (5,260,250) (1,065,213) (114,622) (23,407,480) Net investment income (loss) (3,792,455) 529,329 7,922,500 32,689 824,683 (112,419) 5,404,327 Contributions: Employer - - - - - 7,793,520 7,793,520 Employee - - 17,919,930 14,758,669 8,502,675 136,521 41,317,795 Total contributions - - 17,919,930 14,758,669 8,502,675 7,930,041 49,111,315 Total additions (3,792,455) 529,329 25,842,430 14,791,358 9,327,358 7,817,622 54,515,642 Deductions: Distributions 19,066,038 7,057,424 45,097,364 15,206,122 6,796,213 45,239 93,268,400 Administrative expenses (note 6) 631,212 47,296 562,641 686,153 58,706 2,829 1,988,837 Total deductions 19,697,250 7,104,720 45,660,005 15,892,275 6,854,919 48,068 95,257,237 Interfund transfers (526,189) 526,189 (3,643,407) 1,659,526 1,177,064 806,817 - Net increase (decrease) (24,015,894) (6,049,202) (23,460,982) 558,609 3,649,503 8,576,371 (40,741,595) Net assets available for plan benefits: Beginning of year 161,879,765 22,135,332 273,437,761 122,451,742 63,225,060 - 643,129,660 End of year $137,863,871 $16,086,130 $249,976,779 $123,010,351 $66,874,563 $8,576,371 $602,388,065 The accompanying notes are an integral part of these financial statements. (Continued)
FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN Notes to Financial Statements December 31, 1994 and 1993 1.Description of the Plan The following brief description of the Federated Department Stores, Inc. Retirement Income and Thrift Incentive Plan (the "Plan") is provided for general information purposes only. Participants should refer to the Plan document for more complete information. General The Plan is sponsored by Federated Department Stores, Inc. ("Company"). The Plan consists of two parts: a retirement income plan and a thrift incentive plan. The Plan was adopted in 1953 and is subject to the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA") and U.S. tax law. Effective July 1, 1993, the Allied Stores Corporation Profit Sharing - Investment Plan ("Allied Plan") was merged ("Allied Plan Merger") into the Plan. Thereafter, the Allied Plan ceased to exist and all participants of the Allied Plan became participants in the Plan. Eligibility and Vesting Employees are generally eligible for participation in the Plan after one year of service of at least 1,000 hours. Participants are immediately 100% vested in their own and the Company's contributions. Participant Accounts An account is maintained for each participant in the Plan which shows the participant's separate interest in the Retirement Income and Thrift Incentive portions of the Plan. At the end of each year, the Company's contributions are allocated to individual accounts for participants who did not make a withdrawal of basic (first 5%) savings during the year, in the proportion that each participant's basic savings made and not withdrawn during the year bears to the aggregate amounts of basic savings made and not withdrawn by all participants during the year. Additional voluntary contributions (any contributions in excess of 5% of compensation) do not participate in the Company's allocation. Allocations are made at year end only to persons who are active participants on the last day of the year. At the end of each month, investment earnings are allocated to individual accounts on amounts not withdrawn during the month in the proportion that each such participant's interest at the beginning of the month bears to the total of all such participants' interests at the beginning of such month less withdrawals. Retirement Income Retirement Income interests represent Company contributions to the Retirement Income portion of the Plan prior to January 1, 1984 and the earnings on such contributions. A defined benefit pension plan (the Pension Plan) was adopted as ofJanuary 1, 1984. With the Pension Plan in place, the Company continues to make contributions to the Thrift Incentive portion of the Plan as described below and has the right to make additional contributions to the Retirement Income portion of the Plan. (Continued) FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN Notes to Financial Statements, Continued December 31, 1994 and 1993 Thrift Incentive The Thrift Incentive portion of the Plan provides for voluntary contributions by participating employees and for Company contributions matching a portion of the participant's contributions. Participants may elect to contribute to the Thrift Incentive portion of the Plan an amount equal to 1% to 10% (subject to certain limitations) of the participant's eligible compensation. Alternatively, a participant may elect to make these contributions (subject to certain limitations) on a pretax basis pursuant to Section 401(k) of the Internal Revenue Code. Contributions up to 5% of eligible compensation are basic savings which are eligible for matching Company contributions. For 1984 and subsequent years, the Company's annual contribution is an amount equal to the greater of 2% of the Company's pre-tax income from participating divisions or the amount necessary to match 20% of participants' basic savings. The Company contributed 27.3% and 22.0% of participants' basic savings for years ended December 31, 1994 and 1993, respectively. In connection with the Allied Plan Merger, the Company contributed 37.5% of participants' basic contributions in the Allied Plan for the six months ended July 1, 1993. Participants are permitted to make withdrawals of their aftertax contributions to the Thrift Incentive portion of the Plan at any time. Withdrawals of pre-tax contributions are subject to the hardship rules of Section 401 of the Internal Revenue Code. At termination, participants may elect to receive the balance of their account either in a lump sum or an annuity contract. 2.Summary of Significant Accounting Policies a)Basis of Presentation The accompanying financial statements of the Plan have been prepared on the accrual basis of accounting. b)Investments Investments are reported at fair value as determined by quoted market prices on an active market. Corporate bonds are valued based on yields currently available on comparable securities of issuers with similar credit ratings. Purchases and sales of securities are recorded on a tradedate basis. Realized gains and losses on the sale of securities are reported on the average cost method. Cash equivalents include highly liquid temporary cashinvestments. Dividend income is recorded on the ex-dividend date. Income from other investments is recorded as earned on an accrual basis. c)Insurance Contracts Insurance contracts are valued at contract value, which represents contributions made under the contract, plus interest earned, less benefits paid and expenses charged. (Continued) FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN Notes to Financial Statements, Continued December 31, 1994 and 1993 3. Investments The Company has entered into a trust agreement with the Trustee with respect to the operation of the Plan and the establishment and management of the trust fund. The Trustee invests all contributions to the Plan among several investment funds. The funds are: Diversified Fund - This fund is composed of employer contributions to the Retirement Income portion of the Plan and certain amounts transferred when certain plans were merged, together with the net earnings thereon. All amounts in this fund are invested in corporate equity and fixed-income securities, government fixed- income securities and common/collective trusts. Stability Income Fund - This fund consists of balances in the Retirement Income portion of the Plan of participants who were at least 60 years of age prior to December 31, 1986, or who have attained age 55 and who have completed at least ten years of service and have elected to transfer all or part of their balance out of the Diversified Fund. All amounts in this fund are invested in common/collective trusts and short-term, fixed-income corporate and government bonds. Thrift Incentive Fund - This fund includes Company and participants' contributions to the Thrift Incentive portion of the Plan, together with the net earnings thereon. The amounts in this fund are invested in four separate investment options as directed by the participants. Fund A is invested in fixed-income investments, insurance contracts and common/collective trusts. Fund B is invested in equity securities and common/collective trusts. Fund C is invested in an equity index fund consisting of Standard and Poor's 500 stock investments. Fund D was established on April 1, 1994 and is primarily invested in the common stock of the Company. Company contributions are directed to Fund D. Prior to the establishment of Fund D, Company contributions were directed to Fund A. Participants may elect to redirect the value of Company contributions to other investment options permitted pursuant to the Plan provisions. (Continued) FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN Notes to Financial Statements, Continued December 31, 1994 and 1993 The following table presents the fair value of investments held as of December 31, 1994 and 1993 by the Trustee that represent five percent or more of the Plan's total net assets. 1994 1993 EB Opening Stock Index Fund $ 84,945,457 $ 84,066,714 EB Opening Asset Allocation Fund 61,371,782 63,363,241 MGT Comm Fund Large Company Fund 30,701,526 - TBC Inc. Pooled Employee Funds Daily Liquidity Fund - 36,758,298
Net appreciation (depreciation) in the fair value of investments for the years ended December 31, 1994 and 1993 was as follows: 1994 1993 U. S. Government securities $ (12,120,589) $ 1,839,336 Corporate debt instruments (2,558,302) (860,362) Corporate stock-preferred 17,002 (124,800) Corporate stock-common (2,069,940) 6,140,522 Common/collective trusts (6,669,546) 11,145,136 Certificates of deposit 11,135 307 Other investments (17,240) 54,598 Net appreciation (depreciation) in fair value of investments $ (23,407,480) $ 18,194,737
4. Plan Termination Although the Company has not expressed any intent to terminate the Plan, it may do so at any time. In the event the Plan is terminated, the Company would have no further obligation to make contributions, and all sums credited to individual accounts (after expenses) would be distributed to participants. 5. Federal Income Taxes The Plan obtained its latest determination letter on July 31, 1987, in which the Internal Revenue Service stated that the Plan, as then designed, was in compliance with the applicable requirements of the Internal Revenue Code. While the Plan has been amended since receiving such determination letter, the Plan administrator and the Plan's tax counsel believe that the Plan is currently designed and being operated in compliance with the applicable requirements of the Internal Revenue Code. Therefore, no provision for income taxes has been included in the Plan's financial statements. 6. Administrative Expenses Investment managers' expenses and trustee fees are paid by the Plan. (Continued) FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN Notes to Financial Statements, Continued December 31, 1994 and 1993 7. Subsequent Event Effective January 1, 1995, the Plan entered into the Federated Department Stores, Inc. Defined Contribution Plan Master Trust Agreement (the "Master Trust") with its trustee. Under the terms of the Master Trust, the trustee serves as trustee custodian for the Master Trust which was established for the investment of assets of the Plan and of the Federated Savings Plan for Employees of Lazarus PA, Inc., also sponsored by the Company. Pursuant to the requirements of the Securities and Exchange Act of 1934, the members of the Pension and Profit Sharing Committee (which is the administrative committee for the Federated Department Stores, Inc. Retirement Income and Thrift Incentive Plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized. FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN By: \s\ John R. Sims John R. Sims Vice President and Chairman of the Pension and Profit Sharing Committee June 29, 1995 Schedule 1 FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN Diversified Fund Schedule of Investments December 31, 1994
Current Description Cost Value Investments, at fair value: U.S. Government securities $ 41,102,285 $ 37,482,271 Corporate debt instruments 17,527,754 16,453,437 Corporate stock-preferred 341,900 315,600 Corporate stock-common 47,559,783 55,883,987 Common/collective trusts 26,687,342 27,092,475 Total investments $133,219,064 $ 137,227,770 See accompanying detailed listing of investments.
(Continued) Schedule 1, Continued FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN Diversified Fund, Continued Schedule of Investments December 31, 1994
SHARES/ CURRENT PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE U.S. Government Securities 1,837,723.2000 FHLMC Multiclass Mtg P/C $ 1,828,534.57 40.6622 $ 747,259.42 13 SA Var/Rt 04/25/2023 995,712.6000 FHLMC Multiclass Mtg 1,008,158.99 60.2344 599,762.01 P/C1600SD Var/Rt 10/15/2008 1,245,755.1000 FHLMC Multiclass Mtg 1,185,024.54 44.1698 550,248.16 P/CG024SA Var/Rt 11/25/2023 1,787,775.8200 FNMA Gtd Remic P/T CTF 93- 1,725,203.66 51.3120 917,343.53 50SB Var/Rt 01/25/2023 900,000.0000 Fed Natl Mtg Assn Disc 895,132.50 99.4591 895,132.50 Mat 01/04/1995 1,000,000.0000 Federal Natl Mtg Assn 988,259.72 98.8259 988,259.72 Disc Nts Mat 01/20/1995 1,200,000.0000 Federal Natl Mtg Assn 1,167,088.00 97.2573 1,167,088.00 Disc Nts Mat 04/27/1995 1,524,357.4400 FNMA Gtd Remic P/T CTF 93- 1,516,092.16 45.0018 685,989.66 185S Var/Rt 09/25/2023 1,479,392.7600 FNMA Gtd Remic P/T CTF 93- 1,459,051.10 82.9520 1,227,185.88 220A 6.000% 11/25/2013 3,000,000.0000 Refco Cpn Strips Generic 2,131,290.00 94.6950 2,840,850.00 Int Due 10/15/1995 1,000,000.0000 U.S. Treasury Bills 942,767.50 94.2767 942,767.50 10/19/1995 DD 10/20/94 400,000.0000 U.S. Treasury Notes 399,750.00 98.6560 394,624.00 06.875% 10/31/1996 DD 10/31/91 535,000.0000 U.S. Treasury Notes 544,570.79 99.7810 533,828.35 05.875% 05/15/1995 DD 05/15/92 1,530,000.0000 U.S. Treasury Notes 1,535,253.53 96.9840 1,483,855.20 04.625% 02/15/1996 DD 02/16/93 6,995,000.0000 U.S. Treasury Notes 6,899,911.72 98.5620 6,894,411.90 04.250% 07/31/1995 DD 08/02/93 9,600,000.0000 U.S. Treasury Notes 9,496,367.19 97.4060 9,350,976.00 04.250% 11/30/1995 DD 11/30/1993 2,500,000.0000 U.S. Treasury Notes 2,476,757.81 97.2030 2,430,075.00 05.125% 03/31/1996 DD 03/31/94 700,000.0000 U.S. Treasury Notes 696,500.00 97.4840 682,388.00 05.500% 04/30/1996 DD 05/02/94 3,415,000.0000 U.S. Treasury Notes 3,405,946.68 97.8910 3,342,977.65 06.250% 08/31/1996 DD 08/31/94 800,000.0000 U.S. Treasury Notes 800,625.00 100.9060 807,248.00 08.500% 08/15/1995 DD 06/01/90 Total U.S. Government 37,482,270.48 Securities 41,102,285.46 Corporate Debt Instruments 1,227,612.7800 AFC Home Equity TR 92-4 1,227,612.63 93.8700 1,152,360.12 CL A 6.200% 11/15/2007 919,758.6000 AFC Home Equity Ln 93-2 918,608.90 92.2810 848,762.43 CL A 6.000% 08/20/2013 1,959,621.7000 Advanta Home Equity 93-2 2,003,713.21 92.2180 1,807,123.94 CL A2 6.150% 10/25/2009 820,000.0000 Associates Corp North 816,597.00 100.7920 826,494.40 Amer Deb 8.750% 02/01/1996 327,903.7500 CFAC Grantor TR 1990-A 325,397.87 100.6560 330,054.80 Partn 9.400% 03/15/1997 2,000,000.0000 Fleet Finl Group Inc 2,020,080.00 99.2400 1,984,800.00 5.625% 07/01/1995 DD 07/13/92 1,308,053.7000 GE Cap Mtg Svcs Inc. 94-1 1,320,316.82 92.1439 1,205,291.95 A4 6.500% 01/25/2024 270,000.0000 Great Westn Finl Corp NT 271,979.10 100.2590 270,699.30 8.625% 12/01/1998 DD 12/02/91 280,713.9800 Guild Fin Corp Mtg Coll B 285,653.44 99.3180 278,799.51 B-2 8.850% 02/01/2015 500,000.0000 NBD Bk N A Mtn #TR 00021 491,570.00 98.0840 490,420.00 6.250% 06/30/1996 DD 06/01/94 150,301.1700 SPNB Home Equity LN ABS 149,529.31 100.0060 150,310.19 91-1-A 7.850% 05/15/1998 670,000.0000 Salomon Inc Mtn TR# 00112 722,273.40 97.6270 654,100.90 8.050% 06/15/1999 DD 06/10/92 2,166,522.1300 TMS Home Equity Ln TR 93- 2,167,563.74 92.8100 2,010,749.19 C A-3 5.750% 10/15/2022 DD 09/01/93 1,000,000.0000 Tenneco Inc Sr Sub NT 1,151,890.00 104.4320 1,044,320.00 10.000% 08/01/1998 DD 08/01/91 2,000,000.0000 Texas Utils Elec Co. 1,995,340.00 91.9560 1,839,120.00 5.750% 07/01/1998 DD 07/22/93 1,660,666.1900 UCFC Ln Tr Home Equity D- 1,659,628.29 93.9400 1,560,029.82 1 A-1 5.450% 02/10/2014 DD 11/01/93 Total Corporate Debt Instruments 17,527,753.71 16,453,436.55 Corporate Stock - Preferred 52,600.0000 RJR Nabisco Hldgs Corp 341,900.00 6.0000 315,600.00 Dep SH Repstg 1/10 PFD C Percs 9.250% Total Corporate Stock - 341,900.00 315,600.00 Preferred Corporate Stock - Common 13,600.0000 Ace Ltd Ord 364,078.14 23.3750 317,900.00 5,000.0000 Exel Ltd Ord 200,045.00 39.5000 197,500.00 10,900.0000 AK Stl Hldg Corp 257,673.01 30.7500 335,175.00 3,600.0000 AMR Corp Del 222,834.89 53.2500 191,700.00 6,600.0000 Arco Chem Co 235,036.02 44.1250 291,225.00 8,000.0000 AT&T Corp 482,357.64 50.2500 402,000.00 4,600.0000 Aetna Life & Cas Co. 174,213.34 47.1250 216,775.00 11,000.0000 Ahmanson H F & Co 135,935.13 16.1250 177,375.00 11,000.0000 Airtouch Communications 264,944.55 29.1250 320,375.00 Inc. 6,400.0000 Allegheny Pwr Sys Inc 119,224.00 21.7500 139,200.00 19,500.0000 Alliedsignal Inc 594,107.98 34.0000 663,000.00 11,900.0000 American Brands Inc 436,532.14 37.5000 446,250.00 6,800.0000 American Express Co 119,499.46 29.5000 200,600.00 5,300.0000 American Gen Corp 92,872.95 28.2500 149,725.00 7,600.0000 American Home Prods Corp 427,263.83 62.7500 476,900.00 7,700.0000 American Intl Group Inc 542,041.96 98.0000 754,600.00 10,100.0000 Ameritech Corp New 317,058.70 40.3750 407,787.50 5,800.0000 Amgen Inc 317,633.00 59.0000 342,200.00 3,200.0000 Amoco Corp 152,912.45 59.1250 189,200.00 5,000.0000 Anadarko Pete Corp. 201,768.37 38.5000 192,500.00 5,000.0000 Archer Daniels Midland Co 92,832.50 20.6250 103,125.00 4,700.0000 Atlantic Richfield Co 528,658.05 101.7500 478,225.00 5,100.0000 Avon Prods Inc. 256,425.81 59.7500 304,725.00 6,200.0000 Baltimore Gas & Elec Co 119,639.34 22.1250 137,175.00 3,200.0000 Banc One Corp 94,917.00 25.3750 81,200.00 3,100.0000 Bankers TR NY Corp 172,786.75 55.3750 171,662.50 1,300.0000 Barnett Bks Inc 42,447.10 38.5000 50,050.00 3,000.0000 Baxter Intl Inc 73,199.20 28.2500 84,750.00 7,202.0000 Bay Networks Inc 272,991.78 29.5000 212,459.00 7,000.0000 Bell Atlantic Corp 333,301.79 49.7500 348,250.00 6,000.0000 Bellsouth Corp 288,599.30 54.1250 324,750.00 11,400.0000 Black & Decker Corp 248,622.42 23.7500 270,750.00 2,900.0000 Boatmens Bancshares Inc 81,811.80 27.1250 78,662.50 11,000.0000 Boeing Co 524,472.00 47.0000 517,000.00 9,800.0000 Bristol Myers Squibb 571,061.31 57.8750 567,175.00 6,000.0000 Cigna Corp 257,213.86 63.6250 381,750.00 11,000.0000 CUC Intl Inc. 264,064.32 33.2500 365,750.00 4,400.0000 Caesars World Inc 163,395.35 66.7500 293,700.00 17,300.0000 Case Corp 349,463.21 21.5000 371,950.00 3,800.0000 Central & South West Corp 82,538.30 22.6250 85,975.00 8,500.0000 Ceridian Corp 214,027.80 26.8750 228,437.50 7,200.0000 Chemical Bkg Corp 198,972.00 35.8750 258,300.00 10,200.0000 Chevron Corp 349,115.96 44.6250 455,175.00 4,000.0000 Chiron Corp 300,757.60 80.3750 321,500.00 4,500.0000 Chrysler Corp 64,807.87 49.0000 220,500.00 4,650.0000 Chubb Corp 166,191.25 77.3750 359,793.75 11,000.0000 Cisco Sys Inc. 386,746.70 35.1250 386,375.00 12,100.0000 Circus Circus Enterprises 281,323.80 23.1250 279,812.50 Inc 7,000.0000 Citicorp 306,041.70 41.3750 289,625.00 2,100.0000 Clorox Co 80,858.93 58.8750 123,637.50 6,500.0000 Columbia/HCA Healthcare 261,877.66 36.5000 237,250.00 Corp 12,500.0000 Comcast Corp CL A SPL 205,230.05 15.6880 196,100.00 7,500.0000 Compaq Computer Corp 277,622.30 39.5000 296,250.00 6,400.0000 Conrail Inc 247,330.24 50.5000 323,200.00 3,900.0000 Consolidated Edison Co NY 89,643.45 25.7500 100,425.00 Inc 7,700.0000 Consolidated Nat Gas Co 302,108.05 35.5000 273,350.00 11,200.0000 Consorcio G Grupo Dina S 165,843.27 9.5000 106,400.00 A De C V Sponsored Adr 16,400.0000 Consoricio G Grupo Dina S 164,327.30 7.5000 123,000.00 A De C V Spon Adr Repstg Ser L 6,800.0000 Continental Corp 169,224.96 19.0000 129,200.00 4,500.0000 Corestates Finl Corp 120,387.50 26.0000 117,000.00 8,000.0000 Crown Cork & Seal Inc 283,365.25 37.7500 302,000.00 11,000.0000 DSC Communications Corp 306,237.07 35.8750 394,625.00 6,250.0000 Dayton Hudson Corp 384,218.08 70.7500 442,187.50 15,500.0000 Dean Witter Discover & Co 566,505.34 33.8750 525,062.50 2,300.0000 Deluxe Corp 61,321.00 26.3750 60,662.50 1,900.0000 Dominion Res Inc VA 73,310.90 36.0000 68,400.00 5,650.0000 Dow Chem Co 267,968.40 67.2500 379,962.50 1,600.0000 Du Pont E I De Nemours & 55,858.29 56.1250 89,800.00 Co 2,000.0000 Duke Pwr Co 72,626.50 38.1250 76,250.00 6,100.0000 Dun & Bradstreet Corp 256,747.51 55.0000 335,500.00 14,100.0000 Eastman Kodak Co 564,142.73 47.7500 673,275.00 6,800.0000 Eaton Corp 365,329.48 49.5000 336,600.00 7,100.0000 El Paso Nat Gas Co New 242,651.00 30.5000 216,550.00 12,000.0000 Enron Corp 381,824.27 30.5000 366,000.00 3,500.0000 Ericsson L M Tel Co Adr 155,640.34 55.1250 192,937.50 Cl B Sek 10 7,200.0000 Exxon Corp 393,693.70 60.7500 437,400.00 6,400.0000 FPL Group Inc 182,462.68 35.1250 224,800.00 9,400.0000 Federal Home Ln Mtg Corp 264,139.30 50.5000 474,700.00 Common 3,000.0000 Federal Natl Mtg Assn 31,518.00 72.8750 218,625.00 14,100.0000 First Colony Corp 358,701.00 22.3750 315,487.50 8,500.0000 First Data Corp 370,269.09 47.3750 402,687.50 6,500.0000 First Finl Mgmt Corp 360,843.95 61.6250 400,562.50 4,250.0000 First Intst Bancorp 143,339.74 67.6250 287,406.25 2,500.0000 First UN Corp 106,611.70 41.3750 103,437.50 21,900.0000 Ford Mtr Co Del 536,824.42 27.8750 610,462.50 7,000.0000 Forest Labs Inc CL A 318,757.35 46.6250 326,375.00 14,400.0000 GTE Corp 465,590.16 30.3750 437,400.00 8,500.0000 General Elec Co 293,091.15 51.0000 433,500.00 7,700.0000 General Mtrs Corp 237,906.60 42.1250 324,362.50 10,900.0000 Geon Co 285,285.30 27.3750 298,387.50 5,500.0000 Gillette Co 377,955.55 74.8750 411,812.50 17,800.0000 Glaxo Hldgs Plc Sponsored 321,877.53 20.3750 362,675.00 Adr 5,600.0000 Goodyear Tire & Rubr Co 140,000.00 33.6250 188,300.00 15,700.0000 Great Westn Finl Corp 205,346.22 16.0000 251,200.00 12,600.0000 Green Tree Financial Corp 215,340.98 30.3750 382,725.00 13,500.0000 Hanson Plc Adr 249,763.41 18.0000 243,000.00 5,000.0000 Harland John H Co 107,662.50 20.0000 100,000.00 1,500.0000 Harley Davidson Inc 37,558.30 28.0000 42,000.00 6,500.0000 Healthsouth Corp 205,010.00 36.4530 236,944.50 2,800.0000 Heinz H J Co 95,852.80 36.7500 102,900.00 3,200.0000 Hewlett Packard Co 246,211.94 99.8750 319,600.00 13,500.0000 Home Depot Inc 59,062.81 46.0000 621,000.00 10,000.0000 Honeywell Inc 194,906.23 31.5000 315,000.00 9,900.0000 IBP Inc 185,130.67 30.2500 299,475.00 4,000.0000 ITT Corp 237,939.03 88.6250 354,500.00 9,900.0000 Intel Corp 298,054.90 63.8750 632,362.50 6,550.0000 Intl Business Machs Corp 515,018.75 73.5000 481,425.00 6,000.0000 Johnson & Johnson 280,740.71 54.7500 328,500.00 22,300.0000 K Mart Corp 311,581.05 13.0000 289,900.00 6,500.0000 LSI Logic Corp 280,233.20 40.3750 262,437.50 8,800.0000 Lilly Eli & Co 432,660.80 65.6250 577,500.00 9,000.0000 Lincoln Natl Corp Ind 220,620.50 35.0000 315,000.00 3,400.0000 Loews Corp 168,802.42 86.8750 295,375.00 5,500.0000 Magna Intl Class A 241,254.52 38.3750 211,062.50 5,600.0000 Mapco Inc 308,992.44 51.2500 287,000.00 4,600.0000 Martin Marietta Corp New 126,714.06 44.3750 204,125.00 10,000.0000 Masco Corp 262,620.25 22.6250 226,250.00 20,300.0000 McDermott Intl Inc. 460,907.04 24.7500 502,425.00 1,200.0000 McGraw Hill Inc 58,584.00 66.8750 80,250.00 6,800.0000 Mead Corp 308,427.60 48.6250 330,650.00 7,000.0000 Medtronic Inc 227,476.02 55.6250 389,375.00 1,750.0000 Mellon Bk Corp 62,480.70 30.6250 53,593.75 2,600.0000 Melville Corp 91,372.90 30.8750 80,275.00 6,100.0000 Merck & Co Inc 187,616.00 38.1250 232,562.50 7,000.0000 Mercury Gen Corp New 198,836.62 28.7500 201,250.00 6,500.0000 Microsoft Corp 125,606.58 61.1250 397,312.50 1,300.0000 Minnesota Mng & Mfg Co 58,492.75 53.3750 69,387.50 11,400.0000 Mobil Corp 804,201.37 84.2500 960,450.00 8,300.0000 Monsanto Co 623,276.15 70.5000 585,150.00 3,300.0000 Morgan J P & Co Inc 163,790.84 56.1250 185,212.50 11,500.0000 Motorola Inc 238,927.58 58.0000 667,000.00 2,400.0000 NBD Bancorp Inc 70,628.80 27.3750 65,700.00 1,500.0000 National Svc Inds Inc. 39,388.20 25.6250 38,437.50 8,500.0000 Nationsbank Corp 332,222.10 45.1250 383,562.50 3,100.0000 Nicor Inc 66,410.10 22.7500 70,525.00 9,200.0000 Noram Energy Corp 173,967.00 5.3750 49,450.00 2,700.0000 Northern Sts Pwr Co Minn 94,860.70 44.0000 118,800.00 25,800.0000 Norwest Corp 281,419.80 23.3750 603,075.00 10,800.0000 Nynex Corp 399,769.86 36.7500 396,900.00 13,600.0000 Ogden Corp 269,158.83 18.7500 255,000.00 4,500.0000 Oklahoma Gas & Elec Co 172,953.00 33.1250 149,062.50 11,500.0000 Oracle Sys Corp 128,955.60 44.1250 507,437.50 14,700.0000 Outboard Marine Corp 279,495.45 19.6250 288,487.50 7,500.0000 Owens Corning Fiberglas 245,908.40 31.8750 239,062.50 Corp New 6,400.0000 PNC Bk Corp 75,581.75 21.1250 135,200.00 8,500.0000 PPG Inds Inc 192,112.15 37.1250 315,562.50 2,800.0000 Pacific Enterprises 101,127.83 21.2500 59,500.00 4,500.0000 Pacific Telesis Group 134,885.28 28.5000 128,250.00 16,900.0000 Pacificorp 359,192.81 18.1250 306,312.50 6,000.0000 Parametric Technology 159,989.30 34.5000 207,000.00 Corp 5,000.0000 Paychex Inc. 164,225.00 40.5000 202,500.00 1,400.0000 Penney J C Inc 37,241.73 44.6250 62,475.00 4,600.0000 Pennsylvania Pwr & Lt Co 99,766.00 19.0000 87,400.00 6,000.0000 Pepsico Inc 77,028.17 36.2500 217,500.00 12,200.0000 Pfizer Inc 599,273.82 77.2500 942,450.00 21,300.0000 Philip Morris Cos Inc 935,313.86 57.5000 1,224,750.00 1,000.0000 Potlatch Corp 38,179.50 37.2500 37,250.00 5,900.0000 Potomac Elec Pwr Co 124,372.00 18.3750 108,412.50 13,400.0000 Praxair Inc 219,574.68 20.5000 274,700.00 5,000.0000 Premark Intl Inc 213,267.30 44.7500 223,750.00 6,600.0000 Public Svc Enterprise 173,844.75 26.5000 174,900.00 Group 5,500.0000 Raytheon Co 190,098.14 63.8750 351,312.50 9,400.0000 Repsol SA Sponsored Adr 209,060.20 27.2500 256,150.00 1,300.0000 Royal Dutch Pete Co NY 104,909.25 107.7500 140,075.00 Reg Sh Par N Gldr 5 12,900.0000 Scecorp 252,717.29 14.6250 188,662.50 2,600.0000 Scana Corp 100,554.00 42.1250 109,525.00 4,000.0000 Schlumberger Ltd 224,524.05 50.3750 201,500.00 700.0000 Sears Roebuck & Co 13,422.21 46.0000 32,200.00 6,500.0000 Sensormatic Electrs Corp 210,952.50 36.0000 234,000.00 400.0000 Southern New England 12,824.00 32.3750 12,950.00 Telecommunications Corp 8,600.0000 Southwest Airls Co 181,242.90 16.7500 144,050.00 3,000.0000 Stryker Corp 92,738.45 36.7500 110,250.00 8,600.0000 Sun Inc 237,077.31 28.7500 247,250.00 4,500.0000 Sybase Inc 202,125.00 52.0000 234,000.00 4,300.0000 Teco Energy Inc 84,014.50 20.2500 87,075.00 3,600.0000 Tambrands Inc 143,016.50 38.6250 139,050.00 8,600.0000 Telefonos De Mexico S A 143,016.50 41.0000 352,600.00 Sponsored Adr Repstg Sh Ord L 6,500.0000 Tenneco Inc 302,259.70 42.5000 276,250.00 7,700.0000 Texaco Inc 459,817.13 59.8750 461,037.50 5,800.0000 Texas Utils Co 213,561.56 32.0000 185,600.00 6,700.0000 Textron Inc 287,809.94 50.3750 337,512.50 1,600.0000 Thomas & Betts Corp 73,985.60 67.1250 107,400.00 8,700.0000 USX-Marathon Group New 185,235.03 16.3750 142,462.50 9,900.0000 UST Inc 286,426.45 27.8750 275,962.50 2,200.0000 Union Camp Corp 75,021.24 47.1250 103,675.00 2,800.0000 Union Elec Co 92,430.80 35.3750 99,050.00 12,000.0000 United Healthcare Corp 558,480.00 45.1250 541,500.00 2,000.0000 U.S. Bancorp Ore 50,237.50 22.6250 45,250.00 10,012.0000 U.S. West Inc 370,236.59 35.6250 356,677.50 11,500.0000 Upjohn Co 357,531.68 30.7500 353,625.00 7,500.0000 Varity Corp New 323,010.50 36.2500 271,875.00 10,500.0000 Vodafone Group PLC 288,489.00 33.6250 353,062.50 Sponsored ADR 2,000.0000 Wachovia Corp New 50,240.00 32.2500 64,500.00 17,400.0000 Wal Mart Stores Inc 35,899.27 21.2500 369,750.00 1,600.0000 Warner Lambert Co 103,115.50 77.0000 123,200.00 6,000.0000 Western Atlas Inc 233,527.38 37.6250 225,750.00 8,700.0000 Weyerhaeuser Co 329,343.33 37.5000 326,250.00 6,000.0000 Whirlpool Corp 220,909.31 50.2500 301,500.00 3,500.0000 Wisconsin Energy Corp 86,519.80 25.8750 90,562.50 11,200.0000 Woolworth Corp 277,761.40 15.0000 168,000.00 13,600.0000 YPF Sociedad Anonima 285,523.63 21.3750 290,700.00 Sponsored ADR Repstg CL D Shs Total Corporate Stock - 47,559,782.54 55,883,987.25 Common Common/Collective Trust 161,640.0000 EB Opening Stock Index Fd 17,920,025.96 113.3702 18,325,159.13 74.1700 * Mellon Temp Inv Fund 74.17 100.0000 74.17 8,767,242.0000 * TBC Inc Pooled Employee 8,767,242.00 1.0000 8,767,242.00 Funds Daily Liquidity Fund Total Common/Collective 27,092,475.30 Trust 26,687,342.13 Total Investments $133,219,063.84 $137,277,769.58 * Denotes Party-in-interest.
Schedule 1, Continued FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN Stability Income Fund Schedule of Investments December 31, 1994
Current Description Cost Value Investments, at fair value: U.S. Government securities $ 12,033,027 $ 12,097,406 Corporate debt instruments 3,868,248 3,718,138 Common/collective trusts 51,599 51,599 Total investments $ 15,952,874 $ 15,867,143 See accompanying detailed listing of investments.
(Continued) Schedule 1, Continued FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN Thrift Incentive Fund - Stability Income Fund, Continued Schedule of Investments December 31, 1994
SHARES/ CURRENT PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE U.S. Government Securities 1,015,244.6000 FHLMC Multiclass Mtg P/C $ 1,039,039.39 99.1650 $ 1,006,767.31 1178F 6.750% 03/15/2005 600,000.0000 Federal Home Ln Bk Cons 598,525.00 99.7541 598,525.00 Disc 01/04/1995 3,000,000.0000 Federal Natl Mtg Assn Disc 2,972,000.00 99.0666 2,972,000.00 01/03/1995 800,000.0000 Fed Natl Mtg Assn Disc 796,389.56 99.5486 796,389.56 Mat 01/04/1995 52,412.0000 FNMA Gtd Remic P/T Ctf 88- 53,099.91 99.3960 52,095.43 09-C 7.000% 03/25/2011 1,400,000.0000 U. S. Treasury Notes 1,400,656.25 98.0310 1,372,434.00 03.875% 08/31/1995 DD 08/31/93 3,000,000.0000 U. S. Treasury Notes 3,013,593.75 100.4370 3,013,110.00 07.875% 02/15/1996 DD 12/03/90 2,300,000.0000 U. S. Treas Strip Generic 2,159,723.00 99.3950 2,286,085.00 Tint 02/15/1995 Total U. S. Government 12,033,026.86 12,097,406.30 Securities Corporate Debt Instruments 1,468,428.4300 Case Equip Ln Tr 94-A CL A-2 1,439,059.86 96.6900 1,419,823.45 4.650% 08/15/1999 1,600,000.0000 Ford Mtr Cr Mtn Tr # 00367 1,723,248.00 100.4160 1,606,656.00 8.875% 03/13/1995 DD 03/12/91 696,042.9400 Premier Auto Tr 92-3 Abs 705,939.79 99.3700 691,657.87 5.900% 11/17/1997 Total Corporate Debt 3,868,247.65 3,718,137.32 Instruments Common/Collective Trust 51,599.0000 * TBC Inc Pooled Employee 51,599.00 1.0000 51,599.00 Funds Daily Liquidity Fund Total Common/Collective 51,599.00 51,599.00 Trust Total Investments $ 15,952,873.51 $ 15,867,142.62 * Denotes Party-in-interest.
Schedule 1, Continued FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN Thrift Incentive Fund - Fund A Schedule of Investments December 31, 1994
Current Description Cost Value Investments, at fair value: U.S. Government securities $ 105,360,378 $ 102,606,959 Corporate debt instruments 96,543,008 95,806,892 Common/collective trusts 14,300,294 14,300,294 Certificates of deposit 3,003,870 2,999,716 Other investments 4,964,298 4,965,980 224,171,848 220,679,841 Insurance contracts, at contract value 26,608,364 26,608,364 Total investments $ 250,780,212 $ 247,288,205 See accompanying detailed listing of investments.
(Continued) Schedule 1, Continued FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN Thrift Incentive Fund - Fund A, Continued Schedule of Investments December 31, 1994
SHARES/ CURRENT PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE Certificates of Deposit 3,000,000.0000 Bayeri Landersbnk Yankee CD $ 3,003,870.00 99.9905 $ 2,999,716.35 06.250% 02/01/1995 DD 08/01/94 Total Certificates of Deposit 3,003,870.00 2,999,716.35 U. S. Government Securities 4,602,772.0800 FHLMC Multiclass Mtg P/C 4,654,553.26 98.0720 4,514,030.63 1142G 7.950% 03/15/2020 2,538,111.5000 FHLMC Multiclass Mtg P/C 2,597,598.49 99.1650 2,516,918.27 1178F 6.750% 03/15/2005 2,600,000.0000 Federal Home Ln Bk Cons Disc 2,564,838.61 98.6476 2,564,838.61 Mat 01/30/1995 4,000,000.0000 Federal Home Ln Bk Cons Disc 3,942,366.67 98.5591 3,942,366.67 Mat 02/27/1995 9,000,000.0000 Federal Natl Mtg Assn Disc 8,916,000.00 99.0666 8,916,000.00 01/03/1995 6,688,085.1000 FNMA Gtd Remic P/T Ctf 93- 6,581,493.74 94.4370 6,316,026.93 123A 6.500% 07/25/2000 115,306.4000 FNMA Gtd Remic P/T Ctf 88-09-C 116,819.80 99.3960 114,609.95 7.000% 03/25/2011 1,218,715.5600 Resolution Tr Corp 92-C4 CL 1,243,851.08 100.1750 1,220,848.31 A2 Var Rt 06/25/2024 1,250,879.3700 Resolution Tr Corp 93-C3 A-3 1,263,779.06 100.5580 1,257,859.28 Var/Rt 12/25/2024 5,000,000.0000 U. S. Treasury Notes 5,236,718.75 98.1870 4,909,350.00 06.875% 03/31/1997 DD 03/31/92 7,600,000.0000 U. S. Treasury Notes 7,520,676.79 97.3750 7,400,500.00 03.875% 10/31/1995 DD 11/01/93 5,000,000.0000 U. S. Treasury Notes 4,352,343.75 87.2030 4,360,150.00 05.875% 02/15/2004 DD 02/15/94 16,000,000.0000 U. S. Treasury Notes 15,551,250.00 92.9060 14,864,960.00 05.875% 03/31/1999 DD 03/31/94 25,000,000.0000 U. S. Treasury Notes 25,160,156.25 97.2340 24,308,500.00 06.500% 05/15/1997 DD 05/16/94 16,000,000.0000 U. S. Treasury Notes 15,657,931.88 96.2500 15,400,000.00 06.875% 07/31/1999 DD 08/01/94 Total U. S. Government Securities 105,360,378.13 102,606,958.65 Corporate Debt Instruments 3,000,000.0000 National Westminster Fin Bv 2,909,200.00 97.0000 2,910,000.00 Fltg Rt 18/04/2005 2,350,000.0000 Royal Bk Canada Bds 2,266,575.00 96.6600 2,271,510.00 Var/Rt 31/07/2005 1,980,000.0000 Westpac Banking Corp Sub Fltg 1,970,100.00 99.5900 1,971,882.00 Fltg Rt 15/08/1997 4,000,000.0000 State Bk Victoria Gtd Cap Nts 3,920,000.00 99.9050 3,996,200.00 Var/Rt 27-Jun-1999 4,000,000.0000 Abbott Labs Disc 3,945,576.67 98.6394 3,945,576.67 02/10/1995 4,000,000.0000 Bankamerica Corp Mtn Sr # 3,931,280.00 98.4780 3,939,120.00 0054 Var Rt 02/03/1997 4,000,000.0000 Barclays US Fdg Ib Nt 4,000,000.00 100.0000 4,000,000.00 06.030% 03/01/1995 DD 12/01/94 4,000,000.0000 Bellsouth Cap Fdg Disc 3,944,622.22 98.6155 3,944,622.22 02/06/1995 2,500,000.0000 Bombardier Receivables 93-1 A 2,500,000.00 100.0900 2,502,250.00 Var Rt 03/15/1999 5,833,977.0500 Deere John Owner Tr 1994-A A-1 5,833,003.95 100.0000 5,833,977.05 Var Rt 10/15/2001 4,000,000.0000 Ford Mtr Cr Co Nt 4,388,680.00 100.9530 4,038,120.00 8.875% 03/15/1996 DD 03/18/91 4,000,000.0000 Ford Mtr Cr Mtn 3,993,320.00 100.2160 4,008,640.00 Var Rt 05/27/1997 DD 05/27/94 3,053,272.1600 GMAC 94-A Grantor Tr Ctf CL A 3,029,418.47 97.3600 2,972,665.77 6.300% 06/15/1999 DD 06/15/94 4,000,000.0000 Hanson Fin UK PLC Disc 3,945,383.33 98.6345 3,945,383.33 02/09/1995 1,695,560.6700 Household Revolving 94-2CL A-1 1,695,560.67 99.6910 1,690,321.39 Fltg/Rt 09/20/2014 2,550,000.0000 ITT Floorplan Rec Master 94-1 2,548,845.51 100.0000 2,550,000.00 Fltg Rt 02/15/2001 2,000,000.0000 Intl Lease Fin Mtn #TR00065 1,989,500.00 94.6090 1,892,180.00 5.600% 04/01/1997 DD 03/15/93 2,000,000.0000 International Lease Corp Mtn 2,008,440.00 92.9780 1,859,560.00 6.000% 04/30/1998 DD 06/11/93 4,000,000.0000 Merrill Lynch Co Disc 3,937,500.00 98.4375 3,937,500.00 03/13/1995 1,000,000.0000 National Rural Disc 994,770.28 99.4770 994,770.28 01/19/1995 2,029,373.7400 Nomura Asset Secs Corp 94MD A1 2,088,800.07 102.5630 2,081,386.59 Fltg Rt 07/07/2003 1,175,000.0000 People Bk Cr Card Ser 94-2 A 1,174,334.95 99.9250 1,174,118.75 Flgt Rt 03/15/2001 2,378,146.6600 Premier Auto Tr 92-3 Abs 2,404,039.82 99.3700 2,363,164.34 5.900% 11/17/1997 3,917,634.4600 Premier Auto Tr 94-2 CL A-4 3,915,511.10 97.2700 3,810,683.04 6.000% 05/02/2000 4,000,000.0000 Prudential Fdg Cp Ib Nt 4,000,000.00 100.0000 4,000,000.00 05.730% 01/27/1995 DD 11/28/94 3,000,000.0000 Republic Natl Bk New York NY 2,999,010.00 99.9950 2,999,850.00 5.750% 02/01/1995 DD 02/03/92 1,252,591.9000 SPNB Home Equity Ln Ctf 91-2-A 1,285,836.24 99.7700 1,249,710.94 8.100% 06/15/2020 DD 07/15/91 4,000,000.0000 Safeco Cr Corp Disc 3,941,093.33 98.5273 3,941,093.33 02/17/1995 4,000,000.0000 Smith Barney Ib Nt 4,000,000.00 100.0000 4,000,000.00 05.620% 01/09/1995 DD 11/10/94 2,000,000.0000 U. S. West Commun Disc 1,982,522.22 99.1261 1,982,522.22 02/09/1995 1,000,000.0000 Republic NL Bk NY Ib Nt 1,000,083.92 100.0083 1,000,083.92 05.710% 01/09/1995 DD 11/09/94 4,000,000.0000 Associates Cp Na Ib Nt 4,000,000.00 100.0000 4,000,000.00 05.750% 01/27/1995 DD 11/28/94 Total Corporate Debt 96,543,007.75 95,806,891.84 Instruments Unallocated Insurance Contracts 1,417,911.4200 Connecticut Mut GAC #70226 1,417,911.42 100.0000 1,417,911.42 4,718,182.8200 Metro Life Ins GIC #11955-8 4,718,182.82 100.0000 4,718,182.82 8.850% 10/01/1995 9,656,760.3800 Hancock John Mut Life 9,656,760.38 100.0000 9,656,760.38 GAC#6023 9.850% 10/01/1995 10,815,509.8200 Principal Mut Life Ins 10,815,509.82 100.0000 10,815,509.82 GIC4322 6.920% 10/01/1996 Total Unallocated Insurance 26,608,364.44 26,608,364.44 Contracts Other Investments 3,000,000.0000 Quebec(Province of),Canada 2,922,600.00 97.5000 2,925,000.00 Nts Var/Rt 15/Oct/2001 2,050,000.0000 Ontario Prov CDA Unsub 2,041,697.50 99.5600 2,040,980.00 Fltg Rt 08/17/1999 DD 02/17/94 Total Other Investments 4,964,297.50 4,965,980.00 Common/Collective Trust 14,300,294.0000 * TBC Inc Pooled Employee Funds 14,300,294.00 1.0000 14,300,294.00 Daily Liquidity Fund Total Common/Collective Trust 14,300,294.00 14,300,294.00 Total Investments $ 250,780,211.82 $ 247,288,205.28 * Denotes Party-in-interest.
Schedule 1, Continued FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN Thrift Incentive Fund - Fund B Schedule of Investments December 31, 1994
Current Description Cost Value Investments, at fair value: Corporate stock - common $ 1,093 $ 775 Common/collective trusts 121,986,408 122,693,047 Total investments $121,987,501 $ 122,693,822 See accompanying detailed listing of investments.
(Continued) Schedule 1, Continued FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN Thrift Incentive Fund - Fund B, Continued Schedule of Investments December 31, 1994
SHARES/ CURRENT PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE Corporate Stock - Common 159.0000 Chase Manhattan Corp Wt Exp $ 1,093.13 4.8750 $ 775.13 6/30/96 Total Corporate Stock - 1,093.13 775.13 Common Common/Collective Trust 626,147.0000 EB Opening Asset Allocation 63,585,292.50 98.0149 61,371,781.93 Fd 367.0000 Mgt Comm Fd Liquidity Fund 367,000.00 1,000.0000 367,000.00 53,471.0000 Mgt Comm Fd Public Bond 14,891,659.38 26,849.8000 14,356,856.56 Fund 13,931.0000 Mgt Fixed Income-Mortgage 5,314,678.87 368.6800 5,136,081.08 Private 5,343.0000 Mgt Fixrd Income-Corporate 2,311,606.21 41,881.4000 2,237,723.20 Private 3,424.0000 Mgt Comm Fd Intl Equity Fd 4,209,843.51 1,332.4890 4,562,442.34 1,348.0000 Mgt Comm Fd Small Co Fd 2,856,048.59 2,434.9860 3,282,361.13 1,529.0000 Mgt Comm Fd Intl Bond Fund 757,642.41 43,991.0000 672,622.39 220,454.0000 Mgt Comm Fd Large Co Fd 27,687,984.26 139.2650 30,701,526.31 9.9100 * Mellon Temp Inv Fund 9.91 100.0000 9.91 3,686.0000 * TBC Inc Pooled Employee 3,686.00 1.0000 3,686.00 Funds Daily Liquidity Fund 956.0600 Cash Held at Morgan 956.06 1.0000 956.06 Guaranty TR Total Common/Collective 121,986,407.70 122,693,046.91 Trust Total Investments $ 121,987,500.83 $ 122,693,822.04 * Denotes Party-in-interest.
Schedule 1, Continued FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN Thrift Incentive Fund - Fund C Schedule of Investments December 31, 1994
Current Description Cost Value Investments, at fair value: Common/collective trusts $ 65,419,065 $ 66,624,540 Total investments $ 65,419,065 $ 66,624,540 See accompanying detailed listing of investments.
(Continued) Schedule 1, Continued FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN Thrift Incentive Fund - Fund C, Continued Schedule of Investments December 31, 1994
SHARES/ CURRENT PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE Common/Collective Trust 587,635.0000 EB Opening Stock Index $ 65,414,821.75 113.3702 $ 66,620,297.48 Fd 111.7500 * Mellon Temp Inv Fund 111.75 100.0000 111.75 4,131.0000 * TBC Inc Pooled Employee 4,131.00 1.0000 4,131.00 Funds Daily Liquidity Fund Total Common/Collective 65,419,064.50 66,624,540.23 Trust Total Investments $ 65,419,064.50 $ 66,624,540.23 * Denotes Party-in-interest.
Schedule 1, Continued FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN Thrift Incentive Fund - Fund D Schedule of Investments December 31, 1994
Current Description Cost Value Investments, at fair value: Corporate stock - common $ 841,659 $ 758,970 Common/collective trusts 21,379 21,379 Total investments $ 863,038 $ 780,349 See accompanying detailed listing of investments.
(Continued) Schedule 1, Continued FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN Thrift Incentive Fund - Fund D, Continued Schedule of Investments December 31, 1994
SHARES/ CURRENT PAR VALUE SECURITY DESCRIPTION COST PRICE VALUE Corporate Stock - Common 39,427.0000 * Federated Dept Stores Inc $ 841,658.71 19.2500 $ 758,969.75 Del Total Corporate Stock - 841,658.71 758,969.75 Common Common/Collective Trust 21,379.0000 * TBC Inc Pooled Employee 21,379.00 1.0000 21,379.00 Funds Daily Liquidity Fund Total Common/Collective 21,379.00 21,379.00 Trust Total Investments $ 863,037.71 $ 780,348.75 * Denotes Party-in-interest.
Schedule 2 FEDERATED DEPARTMENT STORES, INC. RETIREMENT INCOME AND THRIFT INCENTIVE PLAN Schedule of Reportable Transactions Year Ended December 31, 1994
Proceeds Net Gain Total From Cost of (Loss) Description Purchases Sales Sales On Sales MGT Comm FD Liquidity Fund $ 21,380,000 $ 21,610,000 $ 21,609,096 $ 904 U.S. Treasury Notes, 4.250%, 12/31/95 15,042,188 20,037,586 20,544,766 (507,180) U.S. Treasury Notes, 6.875%, 3/31/97 20,946,875 14,821,250 15,710,156 (888,906) U.S. Treasury Notes, 3.875%, 8/31/95 17,877,031 18,246,563 18,477,313 (230,750) *TBC Inc. Pooled Employee Funds Daily Liquidity Fund, various rates 406,018,282 419,552,580 419,552,580 - *Denotes Party-in-interest.
CONSENT OF INDEPENDENT AUDITORS The Board of Directors Federated Department Stores, Inc. We consent to incorporation by reference in registration statement No. 33-88242 on Form S-8 of Federated Department Stores, Inc. of our report dated June 23, 1995, relating to the statements of net assets available for benefits of Federated Department Stores, Inc. Retirement Income and Thrift Incentive Plan as of December 31, 1994 and 1993, and the related statements of changes in net assets available for benefits for the years then ended, and related schedules, which report appears in the December 31, 1994 Annual Report on Form 11-K of Federated Department Stores, Inc. Retirement Income and Thrift Incentive Plan. KPMG Peat Marwick LLP \s\KPMG Peat Marwick LLP Cincinnati, Ohio June 26, 1995 -----END PRIVACY-ENHANCED MESSAGE-----