SECURITIES AND EXCHANGE COMMISSION
|
||
Washington, D.C. 20549
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||
(Mark One)
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FORM 11-K
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x
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ANNUAL REPORT PURSUANT TO SECTION 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
|
|
For the fiscal year ended December 31, 2009
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||
OR
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||
¨
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TRANSITION REPORT PURSUANT TO SECTION 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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For the transition period from to
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||
Commission File Number:1-8610
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A. Full title of the plan and the address of the plan, if different from that of the issuer named below:
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AT&T SAVINGS AND
SECURITY PLAN
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||
B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
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AT&T INC.
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208 S. Akard, Dallas, Texas 75202
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Report of Independent Registered Public Accounting Firm
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1
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Financial Statements:
|
|
Statements of Net Assets Available for Benefits as of December 31, 2009 and 2008
|
2
|
Statement of Changes in Net Assets Available for Benefits for the
|
|
Year Ended December 31, 2009
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3
|
Notes to Financial Statements
|
4
|
Supplemental Schedule:
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|
Schedule H, Line 4(i) – Schedule of Assets (Held at End of Year)
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13
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Exhibit:
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|
23 – Consent of Independent Registered Public Accounting Firm
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22
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December 31,
|
||||||||
2009
|
2008
|
|||||||
ASSETS
|
||||||||
Cash
|
$ | - | $ | 2 | ||||
Investments
|
5,383,006 | 5,071,713 | ||||||
Securities lending collateral
|
116,676 | 272,599 | ||||||
Market value of securities on loan
|
116,861 | 267,790 | ||||||
Total Investments (at fair value) (See Notes 3 and 4)
|
5,616,543 | 5,612,102 | ||||||
Receivable for investments sold
|
1,490 | 908 | ||||||
Contributions receivable
|
6,136 | 190 | ||||||
Dividends and interest receivable
|
1 | 119 | ||||||
Total Assets
|
5,624,170 | 5,613,321 | ||||||
LIABILITIES
|
||||||||
Overdrafts
|
13 | - | ||||||
Administrative expenses payable
|
4,361 | 5,702 | ||||||
Securities lending collateral obligations
|
119,406 | 279,911 | ||||||
Total Liabilities
|
123,780 | 285,613 | ||||||
Net assets reflecting investments at fair value
|
5,500,390 | 5,327,708 | ||||||
Adjustment from fair value to contract value for fully benefit-responsive investment contracts
|
(29,527 | ) | 1,348 | |||||
Net Assets Available for Benefits
|
$ | 5,470,863 | $ | 5,329,056 | ||||
See Notes to Financial Statements.
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Net Assets Available for Benefits, December 31, 2008
|
$ | 5,329,056 | ||
Additions to Net Assets:
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||||
Contributions:
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||||
Participant contributions
|
257,046 | |||
Employer contributions
|
140,030 | |||
397,076 | ||||
Investment Income:
|
||||
Net appreciation in value of investments
|
211,953 | |||
Dividends on AT&T common shares
|
148,607 | |||
Interest
|
55,768 | |||
Income on collateralized securities
|
1,278 | |||
417,606 | ||||
Total Additions
|
814,682 | |||
Deductions from Net Assets:
|
||||
Administrative expenses
|
9,343 | |||
Distributions
|
663,220 | |||
Total Deductions
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672,563 | |||
Net increase before transfers
|
142,119 | |||
Transfer to AT&T Retirement Savings Plan
|
(312 | ) | ||
Net Assets Available for Benefits, December 31, 2009
|
$ | 5,470,863 | ||
See Notes to Financial Statements.
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||||
1.
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Plan Description - The AT&T Savings and Security Plan (Plan) is a defined contribution plan originally established by SBC Communications Inc. (SBC) to provide a convenient way for eligible employees to save for retirement on a regular and long-term basis. In connection with the November 2005 merger of AT&T Corp., SBC changed its name to AT&T Inc. (AT&T or the Company). The majority of eligible employees are represented by the Communications Workers of America or the International Brotherhood of Electrical Workers who are employed by participating companies of AT&T. The following description of the Plan provides only general information. The Plan has detailed provisions covering participant eligibility, participant allotments from pay, participant withdrawals, participant loans, employer contributions and related vesting of contributions and Plan expenses. The Plan text and prospectus include complete descriptions of these and other Plan provisions. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA).
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· AT&T Shares Fund
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· Global Equity Fund
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· Bond Fund
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· Mid and Small Cap Stock Fund
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· Large Cap Stock Fund
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· International Stock Fund
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· Interest Income Fund
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·
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Effective January 1, 2009, up to 33% of the vested account
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·
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Effective January 1, 2010, up to 66% of the vested account
|
·
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Effective January 1, 2011, up to 100% of the vested account
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2.
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Accounting Policies – The accompanying financial statements were prepared in conformity with U.S. generally accepted accounting principles (GAAP), which require management to make estimates that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Distributions are recorded when paid.
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3.
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Fair Value Measurements – ASC 820 establishes a framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:
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Level 1
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Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Plan has the ability to access.
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Level 2
|
Inputs to the valuation methodology include:
· Quoted prices for similar assets and liabilities in active markets;
· Quoted prices for identical or similar assets or liabilities in inactive markets;
· Inputs other than quoted market prices that are observable for the asset or liability;
· Inputs that are derived principally from or corroborated by observable market data by correlation or other means.
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If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability.
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|
Level 3
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Inputs to the valuation methodology are unobservable and significant to the fair value measurement.
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Plan Assets at Fair Value as of December 31, 2009
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Level 1
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Level 2
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Level 3
|
Total
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|||||||||||||
U.S. equity securities:
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||||||||||||||||
AT&T common stock
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$ | 2,509,108 | $ | - | $ | - | $ | 2,509,108 | ||||||||
Money market/mutual funds
|
7,437 | - | - | 7,437 | ||||||||||||
Large cap stock fund1
|
- | 624,656 | - | 624,656 | ||||||||||||
Global equity fund2
|
- | 117,872 | - | 117,872 | ||||||||||||
Mid and small cap fund3
|
- | 298,589 | - | 298,589 | ||||||||||||
International equity securities:
|
||||||||||||||||
Global equity fund2
|
- | 44,462 | - | 44,462 | ||||||||||||
International stock fund4
|
- | 265,982 | - | 265,982 | ||||||||||||
Fixed income securities:
|
||||||||||||||||
Bond fund5
|
- | 331,049 | - | 331,049 | ||||||||||||
Fixed income securities – loaned
|
- | (116,861 | ) | - | (116,861 | ) | ||||||||||
Interest income fund:
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||||||||||||||||
Mutual funds/ registered investment contracts
|
53,462 | - | - | 53,462 | ||||||||||||
Synthetic GICs:
|
||||||||||||||||
Mutual funds
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15,251 | - | - | 15,251 | ||||||||||||
U.S. government debt securities
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- | 578,614 | - | 578,614 | ||||||||||||
Corporate debt securities:
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||||||||||||||||
Asset-backed securities
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- | 110,024 | - | 110,024 | ||||||||||||
Commercial mortgage-backed securities
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- | 37,915 | - | 37,915 | ||||||||||||
Collateralized mortgage obligations
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- | 71,785 | - | 71,785 | ||||||||||||
Other corporate debt securities
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- | 97,552 | - | 97,552 | ||||||||||||
Wrapper contract
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- | 2,147 | - | 2,147 | ||||||||||||
Participant loans
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- | - | 329,997 | 329,997 | ||||||||||||
Short-term investments
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3,965 | - | - | 3,965 | ||||||||||||
Market value of securities on loan:
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||||||||||||||||
Fixed income securities
|
- | 116,861 | - | 116,861 | ||||||||||||
Collateral received from securities loaned:
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||||||||||||||||
Short-term investments6
|
- | 116,676 | - | 116,676 | ||||||||||||
Total assets at fair value
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$ | 2,589,223 | $ | 2,697,323 | $ | 329,997 | $ | 5,616,543 |
Plan Assets at Fair Value as of December 31, 2008
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||||||||||||||||
Level 1
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Level 2
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Level 3
|
Total
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|||||||||||||
AT&T common stock
|
$ | 2,610,853 | $ | - | $ | - | $ | 2,610,853 | ||||||||
Common/collective trust funds
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- | 1,790,951 | - | 1,790,951 | ||||||||||||
Synthetic GIC wrappers
|
- | 1,581 | - | 1,581 | ||||||||||||
Fixed income securities
|
- | 846,365 | - | 846,365 | ||||||||||||
Participant loans
|
- | - | 362,352 | 362,352 | ||||||||||||
Total assets at fair value
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$ | 2,610,853 | $ | 2,638,897 | $ | 362,352 | $ | 5,612,102 |
4.
|
Investments - Investments representing 5% or more of Plan net assets at December 31 were:
|
2009
|
2008
|
|||||||
Employee Stock Ownership Plan *
|
||||||||
AT&T common shares
|
$ | 1,243,680 | $ | 1,300,396 | ||||
AT&T Shares Fund
|
||||||||
AT&T common shares
|
1,265,428 | 1,310,457 | ||||||
Large Cap Stock Fund
|
||||||||
Barclays Global Investors Equity Index Fund F
|
624,656 | 513,270 | ||||||
Bond Fund
|
||||||||
Barclays Global Investors Intermediate Government/Credit Bond Index Fund F
|
331,049 | 321,355 | ||||||
Mid and Small Cap Stock Fund
|
||||||||
Barclays Global Investors EAFE Equity Extended Equity Market Fund F
|
298,589 | ** | ||||||
International Stock Fund and Global Equity Fund
Barclays Global Investors EAFE Equity Index Market Fund F
|
310,444 | ** |
AT&T common stock
|
$ | (48,355 | ) | |
Common/collective trust funds
|
260,308 | |||
Total
|
$ | 211,953 |
5.
|
Related Party Transactions – Plan assets are invested in AT&T stock directly. Because the Company is the plan sponsor, transactions involving the Company’s stock qualify as party-in-interest transactions. In addition, certain investments held by the Plan are managed by BNY Mellon and Fidelity as trustee and record keeper, respectively, as defined by various agreements. Therefore, these transactions and fees paid to these entities qualify as parties-in-interest transactions. All of these transactions are exempt from the prohibited transaction rules.
|
6.
|
Nonparticipant-Directed Investments - Information about the net assets and the significant components of the changes in net assets relating to the nonparticipant-directed investments as of December 31 was as follows:
|
2009
|
2008
|
|||||||
Assets
|
||||||||
AT&T common shares
|
$ | 1,243,680 | $ | 1,300,396 | ||||
Temporary cash investments
|
3,137 | 2,968 | ||||||
Dividends and interest receivable
|
- | 2 | ||||||
Receivable for investments sold
|
1,490 | 908 | ||||||
Total Assets
|
1,248,307 | 1,304,274 | ||||||
Liabilities
|
||||||||
Administrative expenses payable
|
289 | 471 | ||||||
Total Liabilities
|
289 | 471 | ||||||
Net Assets Available for Benefits1
|
$ | 1,248,018 | $ | 1,303,803 |
2009
|
||||
Net Assets Available for Benefits, December 31, 20081
|
$ | 1,303,803 | ||
Employer contributions2
|
138,319 | |||
Net depreciation in fair value of investments
|
(24,646 | ) | ||
Administrative expenses
|
(2,021 | ) | ||
Distributions
|
(113,539 | ) | ||
Transfers to other funds
|
(53,898 | ) | ||
(55,785 | ) | |||
Net Assets Available for Benefits, December 31, 20091
|
$ | 1,248,018 |
8.
|
Reconciliation of Financial Statements to Form 5500 - The following is a reconciliation of Net Assets Available for Benefits per the financial statements to the Form 5500 as of December 31:
|
2009
|
2008
|
|||||||
Net Assets Available for Benefits per the financial statements
|
$ | 5,470,863 | $ | 5,329,056 | ||||
Adjustment from contract value to fair value for fully benefit-responsive investment contracts
|
29,527 | (1,348 | ) | |||||
Distributions payable to participants
|
(2,004 | ) | - | |||||
Net Assets Available for Benefits per the Form 5500
|
$ | 5,498,386 | $ | 5,327,708 |
Distributions to participants per the financial statements
|
$ | 663,220 | ||
Distributions payable to participants at December 31, 2009
|
2,004 | |||
Distributions to participants per the Form 5500
|
$ | 665,224 |
Total additions per the financial statements
|
$ | 814,682 | ||
Adjustment from contract value to fair value for fully benefit-responsive investment contracts at December 31, 2009
|
29,527 | |||
Adjustment from contract value to fair value for fully benefit-responsive investment contracts at December 31, 2008
|
1,348 | |||
Total income per the Form 5500
|
$ | 845,557 |
9.
|
Subsequent Events - In the first quarter of 2010, the Plan was amended to make certain participants eligible to participate in the AT&T RSP. As a result, participant balances of approximately $23 million were transferred to the AT&T RSP in 2010.
|
Current
|
|||||||
Identity of Issue
|
Description of Investment
|
Cost
|
Value
|
||||
Employee Stock Ownership Plan
|
|||||||
*
|
AT&T COMMON SHARES
|
44,369,614 SHARES
|
$
|
1,146,741
|
$
|
1,243,680
|
|
*
|
MELLON TRUST OF NEW ENGLAND, NATIONAL
|
||||||
ASSOCIATION TOTAL EMPLOYEE STOCK
|
|||||||
OWNERSHIP PLAN
|
COMMON/COLLECTIVE TRUST FUND: 3,137 UNITS
|
3,137
|
3,137
|
||||
TOTAL EMPLOYEE STOCK OWNERSHIP PLAN
|
1,149,878
|
1,246,817
|
|||||
AT&T Shares Fund
|
|||||||
*
|
AT&T COMMON SHARES
|
45,145,471 SHARES
|
1,265,428
|
||||
*
|
MELLON TRUST OF NEW ENGLAND, NATIONAL
|
||||||
ASSOCIATION
|
COMMON/COLLECTIVE TRUST FUND: 8,265 UNITS
|
8,265
|
|||||
TOTAL SHARES FUND
|
**
|
1,273,693
|
|||||
Bond Fund
|
|||||||
*
|
BARCLAYS GLOBAL INVESTORS INTERMEDIATE
|
||||||
GOVERNMENT/CREDIT BOND INDEX FUND F
|
COMMON/COLLECTIVE TRUST FUND: 15,462,370 UNITS
|
**
|
331,049
|
||||
Large Cap Stock Fund
|
|||||||
*
|
BARCLAYS GLOBAL INVESTORS EQUITY INDEX
|
||||||
FUND F
|
COMMON/COLLECTIVE TRUST FUND: 35,653,853 UNITS
|
**
|
624,656
|
||||
Interest Income Fund
|
|||||||
STATE STREET BANK & TRUST CO WRAPPER
|
SYNTHERIC GIC #99039, IR ***
|
629
|
|||||
ING LIFE INSURANCE COMPANY WRAPPER
|
SYNTHETIC GIC #60127, IR ***
|
87
|
|||||
JPMORGAN CHASE BANK WRAPPER
|
SYNTHETIC GIC #ASBCSS-01, IR ***
|
250
|
|||||
DREYFUS GOVT CASH MGMT FUND
|
VAR RT 12/31/2075 DD 06/03/97
|
9,537
|
|||||
ASIAN DEVELOPMENT BANK
|
2.750% 05/21/2014 DD 05/21/09
|
2,396
|
|||||
*
|
BARCLAYS BK PLC UK GOVT 144A
|
2.700% 03/05/2012 DD 03/05/09
|
4,276
|
||||
BEAR STEARNS COML 04-PWR4 A3
|
VAR RT 06/11/2041 DD 06/01/04
|
2,643
|
|||||
BEAR STEARNS COML 04-TOP16 A-6
|
4.750% 02/13/2046 DD 11/01/04
|
4,849
|
|||||
BEAR STEARNS COML 06-PW13 A1
|
5.294% 09/11/2041 DD 09/01/06
|
5,595
|
|||||
CDP FINANCIAL
|
3.000% 11/25/2014 DD 11/25/09
|
2,440
|
|||||
CWABS INC 05-4 ASSET CL AF-6
|
4.740% 05/25/2035 DD 06/01/05
|
2,909
|
|||||
CAPITAL AUTO REC 07 4 CL A-4A
|
5.300% 05/15/2014 DD 11/15/07
|
8,344
|
|||||
CAPITAL ONE MULTI 05-A3 A3
|
4.050% 03/15/2013 DD 06/10/05
|
8,095
|
|||||
CHASE ISSUANCE TR 2005-10 CL A
|
4.650% 12/17/2012 DD 10/17/05
|
8,245
|
|||||
CITIGROUP FUNDING INC
|
2.250% 12/10/2012 DD 08/06/09
|
6,047
|
|||||
COMMERCIAL MTG 07 GG11 CL A-2
|
VAR RT 12/10/2049 DD 10/01/07
|
8,418
|
|||||
COMMONWEALTH BANK AUST
|
2.500% 12/10/2012 DD 06/10/09
|
1,705
|
|||||
DANSKE BANK A/S
|
2.500% 05/10/2012 DD 06/30/09
|
2,034
|
|||||
DISCOVER CARD EXECUTION 08 A3
|
5.100% 10/15/2013 DD 04/30/08
|
3,767
|
|||||
DISCOVER CARD EXE 08-4 CL A
|
5.650% 12/15/2015 DD 06/18/08
|
9,023
|
|||||
EUROPEAN BANK FOR RECONSTRUCTI
|
1.250% 06/10/2011 DD 06/10/09
|
3,660
|
|||||
FHLMC POOL #84-7495
|
VAR RT 12/01/2035 DD 01/01/06
|
5,776
|
|||||
FHLMC POOL #78-8657
|
VAR RT 09/01/2031 DD 09/01/01
|
30
|
|||||
FEDERAL HOME LN BK CONS BD
|
5.500% 08/13/2014 DD 06/22/07
|
3,758
|
|||||
FEDERAL HOME LN BK CONS BD
|
3.625% 05/29/2013 DD 04/18/08
|
15,731
|
|||||
FEDERAL HOME LN BKS CONS BD
|
5.250% 06/18/2014 DD 05/27/04
|
6,277
|
|||||
FNMA GTD REMIC P/T 2000-T5 CL
|
7.3000% 05/25/2010
|
8,169
|
Identity of Issue
|
Description of Investment
|
Cost
|
Value
|
||||
FEDERAL NATL MTG ASSN DEBS
|
4.625% 10/15/2014 DD 09/17/04
|
9,751
|
|||||
FEDERAL HOME LN MTG CORP REF
|
4.125% 09/27/2013 DD 08/20/08
|
13,107
|
|||||
FEDERAL HOME LN MTG CORP
|
2.500% 04/23/2014 DD 04/24/09
|
6,996
|
|||||
FNMA POOL #0254914
|
4.500% 09/01/2013 DD 08/01/03
|
1,899
|
|||||
FNMA GTD REMIC P/T 2002-W2 AF6
|
STEP 05/25/2032 DD 03/01/02
|
1,158
|
|||||
FNMA GTD REMIC P/T 2002-T11 B
|
5.341% 04/25/2012 DD 07/01/02
|
8,530
|
|||||
FNMA GTD REMIC P/T 02-W11 AF 6
|
VAR RT 11/25/2032 DD 09/01/02
|
1,345
|
|||||
FNMA GTD REMIC 2003-T1 A
|
3.807% 11/25/2012 DD 02/01/03
|
2,945
|
|||||
FNMA GTD REMIC P/T 03-T3
|
VAR RT 05/25/2033 DD 02/01/03
|
1,357
|
|||||
FNMA GTD REMIC P/T 03-70 BE
|
3.500% 12/25/2025 DD 06/01/03
|
1,522
|
|||||
FNMA GTD REMIC P/T 03-W10 2A
|
VAR RT 06/25/2043 DD 06/01/03
|
884
|
|||||
FHLMC MULTICLASS MTG
|
4.000% 06/15/2013 DD 06/01/03
|
2,042
|
|||||
FNMA GTD REMIC P/T 04-T4 AI9
|
5.450% 08/25/2034 DD 07/01/04
|
3,290
|
|||||
FNMA GTD REMIC P/T 05-80 PB
|
5.500% 04/25/2030 DD 08/01/05
|
2,282
|
|||||
FHLMC MULTICLASS MTG 2736 BD
|
5.000% 04/15/2032 DD 01/01/04
|
2,788
|
|||||
FHLMC MULTICLASS MTG
|
5.000% 04/15/2034 DD 04/01/04
|
3,075
|
|||||
FHLMC MULTICLASS CTFS 2866 NA
|
4.500% 10/15/2034 DD 10/01/04
|
6,850
|
|||||
FHLMC MULTICLASS CTFS 2882 NA
|
5.000% 11/15/2034 DD 11/01/04
|
5,295
|
|||||
FHLMC MULTICLASS MTG
|
4.500% 09/15/2018 DD 02/01/05
|
6,931
|
|||||
FHLMC MULTICLASS MTG 2930 KC
|
4.500% 06/15/2019 DD 02/01/05
|
2,870
|
|||||
FHLMC MULTICLASS MTG
|
4.600% 08/15/2029 DD 05/01/05
|
2,725
|
|||||
FHLMC MULTICLASS MTG 3202 LN
|
4.500% 03/15/2035 DD 08/01/06
|
6,241
|
|||||
FEDERAL NATL MTG ASSN MTN
|
2.750% 03/13/2014 DD 03/13/09
|
31,766
|
FEDERAL NATL MTG ASSN
|
3.000% 09/16/2014 DD 08/14/09
|
6,685
|
|||||
FEDERAL NATL MTG ASSN
|
2.625% 11/20/2014 DD 10/26/09
|
5,953
|
|||||
FHLMC MULTICLASS MTG 3561 PA
|
5.000% 12/15/2031 DD 08/01/09
|
2,929
|
|||||
FHLMC MULTICLASS MTG 3601 PA
|
5.000% 09/15/2038 DD 11/01/09
|
4,462
|
|||||
FNMA POOL #0686026
|
VAR RT 04/01/2033 DD 04/01/03
|
751
|
|||||
FNMA POOL #0756359
|
VAR RT 12/01/2033 DD 12/01/03
|
1,132
|
|||||
FNMA POOL #0776487
|
VAR RT 03/01/2034 DD 03/01/04
|
2,842
|
|||||
FNMA POOL #0776489
|
VAR RT 03/01/2034 DD 03/01/04
|
3,684
|
|||||
FNMA POOL #0895691
|
VAR RT 05/01/2036 DD 05/01/06
|
3,908
|
|||||
FORDO 2009-B A3
|
3.089% 08/15/2013 DD 06/09/09
|
2,034
|
|||||
GE CAP COML MTG 01-3 CL A 2
|
6.070% 06/10/2038 DD 11/01/01
|
8,379
|
|||||
GS MTG SECS CORP GSAA 05-1 AF2
|
4.316% 11/25/2034 DD 01/01/05
|
1,815
|
|||||
GENERAL ELEC CAP CORP MEDIUM
|
5.250% 10/19/2012 DD 10/19/07
|
4,257
|
|||||
GENERAL ELEC CAP MTN #TR 00004
|
3.000% 12/09/2011 DD 12/09/08
|
2,371
|
|||||
GOLDMAN SACHS GROUP INC FDIC
|
1.625% 07/15/2011 DD 01/21/09
|
893
|
|||||
GREENWICH CAP COML 05-GG3 A-3
|
VAR RT 08/10/2042 DD 02/01/05
|
6,953
|
|||||
HSBC USA INC GTD NTS
|
3.125% 12/16/2011 DD 12/16/08
|
2,380
|
|||||
HSBC AUTOMOTIVE 06 2 CL A-3
|
5.610% 08/17/2011 DD 07/26/06
|
938
|
|||||
HOWARD HUGHES MEDICAL IN
|
3.450% 09/01/2014 DD 08/18/09
|
730
|
|||||
ING BK N V NTHE ST CR GTEE
|
2.625% 02/09/2012 DD 02/09/09
|
2,453
|
|||||
J P MORGAN 08 C2 CL A-2
|
5.855% 02/12/2051 DD 05/01/08
|
7,418
|
Identity of Issue
|
Description of Investment
|
Cost
|
Value
|
||||
JPMORGAN CHASE & CO FDIC GTD
|
1.650% 02/23/2011 DD 02/23/09
|
4,176
|
|||||
LANDWIRTSCH. RENTENBANK
|
1.875% 09/24/2012 DD 09/24/09
|
3,879
|
|||||
LB UBS COML MTG TR 04-C7 A-6
|
4.786% 10/15/2029 DD 10/11/04
|
4,250
|
|||||
MBNA CR CARD 05-6 CL A
|
4.500% 01/15/2013 DD 08/25/05
|
6,121
|
|||||
MARRIOTT VACATION 04-1 A 144A
|
4.620% 05/20/2026 DD 05/31/04
|
479
|
|||||
NORDIC INVESTMENT BANK
|
2.625% 10/06/2014 DD 10/05/09
|
1,281
|
|||||
RABOBANK NEDERLAND
|
4.200% 05/13/2014 DD 05/13/09
|
4,967
|
|||||
RABOBANK NEDERLAND
|
2.650% 08/17/2012 DD 08/17/09
|
2,428
|
|||||
REGIONS BK BIRMINGHAM ALA MTN
|
3.250% 12/09/2011 DD 12/11/08
|
2,387
|
|||||
RESIDENTIAL ASSET 02-RS5 AI6
|
4.752% 09/25/2032 DD 09/01/02
|
899
|
|||||
RESIDENTIAL FDG MTG 03 HS1 AI6
|
3.830% 02/25/2033 DD 03/01/03
|
1,862
|
|||||
ROYAL BK SCOTLND GRP PLC
|
1.500% 03/30/2012 DD 11/30/09
|
3,367
|
|||||
SIERRA REC FDG CO 06-1A CL A1
|
5.840% 05/20/2018 DD 07/11/06
|
1,650
|
|||||
SFEF
|
2.250% 06/11/2012 DD 06/11/09
|
3,867
|
|||||
STRUCTURED ASSET 04-3AC A-1
|
VAR RT 03/25/2034 DD 02/01/04
|
1,649
|
|||||
US CENTRAL FEDERAL CRED
|
1.900% 10/19/2012 DD 10/19/09
|
834
|
|||||
U S TREASURY NOTE
|
4.250% 08/15/2014 DD 08/15/04
|
1,079
|
|||||
U S TREASURY NOTE
|
4.875% 05/31/2011 DD 05/31/06
|
3,698
|
|||||
U S TREASURY NOTE
|
4.625% 02/29/2012 DD 02/28/07
|
8,467
|
|||||
U S TREASURY NOTE
|
4.500% 03/31/2012 DD 03/31/07
|
6,208
|
|||||
U S TREASURY NOTE
|
4.875% 06/30/2012 DD 06/30/07
|
651
|
|||||
U S TREASURY NOTE
|
3.375% 11/30/2012 DD 11/30/07
|
13,538
|
|||||
U S TREASURY NOTE
|
1.750% 03/31/2010 DD 03/31/08
|
1,205
|
|||||
U S TREASURY NOTE
|
2.500% 03/31/2013 DD 03/31/08
|
4,398
|
|||||
U S TREASURY NOTE
|
2.125% 04/30/2010 DD 04/30/08
|
3,019
|
|||||
U S TREASURY NOTE
|
3.125% 04/30/2013 DD 04/30/08
|
10,419
|
|||||
U S TREASURY NOTE
|
2.375% 08/31/2010 DD 08/31/08
|
5,775
|
|||||
U S TREASURY NOTE
|
3.125% 08/31/2013 DD 08/31/08
|
7,274
|
|||||
U S TREASURY NOTE
|
2.000% 11/30/2013 DD 11/30/08
|
8,952
|
|||||
U S TREASURY NOTE
|
1.750% 11/15/2011 DD 11/15/08
|
4,182
|
|||||
U S TREASURY NOTE
|
1.500% 12/31/2013 DD 12/31/08
|
389
|
|||||
U S TREASURY NOTE
|
1.750% 01/31/2014 DD 01/31/09
|
2,551
|
|||||
U S TREASURY NOTE
|
2.625% 07/31/2014 DD 07/31/09
|
17,949
|
|||||
U S TREASURY NOTE
|
1.375% 11/15/2012 DD 11/15/09
|
2,681
|
|||||
U S TREASURY NOTES
|
2.125% 11/30/2014 DD 11/30/09
|
6,834
|
|||||
WACHOVIA AUTO 08 1 CL A-3A
|
4.270% 10/22/2012 DD 01/24/08
|
9,531
|
|||||
WELLS FARGO & CO FDIC GTD TLGP
|
3.000% 12/09/2011 DD 12/10/08
|
723
|
|||||
WELLS FARGO MTG BKD 04 R IIA1
|
VAR RT 09/25/2034 DD 08/01/04
|
77
|
|||||
WEST CORP FED CRED UNION
|
1.750% 11/02/2012 DD 11/02/09
|
1,891
|
|||||
WESTPAC BANKING CORP
|
2.900% 09/10/2014 DD 09/10/09
|
3,652
|
|||||
YALE UNIVERSITY YALUNI
|
2.900% 10/15/2014 DD 11/10/09
|
2,127
|
|||||
504,672
|
Current
|
|||||||
Identity of Issue
|
Description of Investment
|
Cost
|
Value
|
||||
Bank of America Wrapper
|
Synthetic GIC #99-086, IR ***
|
1,022
|
|||||
Monumental Life Insurance Company Wrapper
|
Synthetic GIC #MDA00871TR, IR ***
|
159
|
|||||
DREYFUS GOVT CASH MGMT FUND
|
VAR RT 12/31/2075 DD 06/03/97
|
5,714
|
|||||
ASIAN DEVELOPMENT BANK
|
2.750% 05/21/2014 DD 05/21/09
|
1,897
|
|||||
BA CR CARD TR 2007-8 NT CL A
|
5.590% 11/17/2014 DD 06/22/07
|
4,605
|
|||||
BEAR STEARNS COML 04-PWR4 A3
|
VAR RT 06/11/2041 DD 06/01/04
|
2,136
|
|||||
BEAR STEARNS COML 04-TOP16 A-6
|
4.750% 02/13/2046 DD 11/01/04
|
3,879
|
|||||
CDP FINANCIAL
|
3.000% 11/25/2014 DD 11/25/09
|
2,049
|
|||||
CD 07-CD4 COML MTG TR MTG A2B
|
5.205% 12/11/2049 DD 03/01/07
|
8,020
|
|||||
CWABS INC 05-1 ASSET CTF AF-3
|
VAR RT 07/25/2035 DD 03/01/05
|
42
|
|||||
CWABS INC 05-7 ASSET BKD AF-6
|
4.693% 11/25/2035 DD 06/01/05
|
5,569
|
|||||
CAPITAL ONE 2006-6 CL A
|
5.300% 02/18/2014 DD 04/25/06
|
8,396
|
|||||
CENDANT TIMESHARE 04-1 CL A-1
|
3.670% 05/20/2016 DD 05/27/04
|
73
|
|||||
CHASE ISSUANCE TR 05-A7 CL A7
|
4.550% 03/15/2013 DD 08/10/05
|
8,291
|
|||||
CHASE ISSUANCE 07-17 CL A
|
5.120% 10/15/2014 DD 10/15/07
|
5,041
|
|||||
CITIBANK CR CARD 05-A2 A2
|
4.850% 03/10/2017 DD 03/09/05
|
6,362
|
|||||
CGCMT 2007-C6 A4
|
VAR RT 12/10/2049 DD 07/01/07
|
2,855
|
|||||
CITIGROUP FUNDING INC
|
2.250% 12/10/2012 DD 08/06/09
|
4,031
|
|||||
COMMERCIAL MTG 07 GG11 CL A-2
|
VAR RT 12/10/2049 DD 10/01/07
|
7,775
|
|||||
COMMONWEALTH BANK AUST
|
2.500% 12/10/2012 DD 06/10/09
|
1,385
|
|||||
CREDIT SUISSE FB 04-C5 CL A-2
|
4.183% 11/15/2037 DD 12/01/04
|
1,301
|
|||||
DANSKE BANK A/S
|
2.500% 05/10/2012 DD 06/30/09
|
1,627
|
|||||
EUROPEAN BANK FOR RECONSTRUCTI
|
1.250% 06/10/2011 DD 06/10/09
|
2,908
|
|||||
FHLMC POOL #1B-1438
|
VAR RT 01/01/2034 DD 01/01/04
|
421
|
|||||
FHLMC POOL #84-7495
|
VAR RT 12/01/2035 DD 01/01/06
|
5,776
|
|||||
FHLMC POOL #G1-2099
|
4.500% 06/01/2013 DD 05/01/06
|
2,322
|
|||||
FEDERAL HOME LN BK CONS BD
|
3.625% 10/18/2013 DD 09/15/08
|
8,066
|
|||||
FHLMC POOL #1B-0118
|
VAR RT 08/01/2031 DD 08/01/01
|
42
|
|||||
FHLMC POOL #78-1013
|
VAR RT 11/01/2033 DD 11/01/03
|
1,327
|
|||||
FNMA GTD REMIC P/T 2001-T2 B
|
6.022% 11/25/2010
|
8,337
|
|||||
FEDERAL NATL MTG ASSN DEBS
|
4.625% 10/15/2014 DD 09/17/04
|
8,884
|
|||||
FEDERAL NATL MTG ASSN DEBS
|
4.875% 12/15/2016 DD 11/17/06
|
5,626
|
|||||
FEDERAL HOME LN MTG CORP REF
|
4.875% 06/13/2018 DD 06/13/08
|
12,836
|
|||||
FEDERAL HOME LN MTG CORP REF
|
3.750% 03/27/2019 DD 03/27/09
|
9,803
|
|||||
FEDERAL HOME LN MTG CORP
|
2.500% 04/23/2014 DD 04/24/09
|
1,399
|
|||||
FNMA GTD REMIC P/T 2002-W2 AF6
|
STEP 05/25/2032 DD 03/01/02
|
1,158
|
|||||
FNMA GTD REMIC P/T 02-W11 AF 6
|
VAR RT 11/25/2032 DD 09/01/02
|
2,690
|
|||||
FHLMC MULTICLASS MTG
|
VAR RT 12/25/2032 DD 10/01/02
|
1,007
|
Current
|
|||||||
Identity of Issue
|
Description of Investment
|
Cost
|
Value
|
||||
FHLMC MULTICLASS MTG
|
3.614% 09/27/2012 DD 09/01/02
|
606
|
|||||
FNMA GTD REMIC P/T 04-W1 2A2
|
7.000% 12/25/2033 DD 01/01/04
|
2,076
|
|||||
FNMA GTD REMIC P/T 05-19 PA
|
5.500% 07/25/2034 DD 02/01/05
|
4,676
|
|||||
FHLMC MULTICLASS MTG 2736 BD
|
5.000% 04/15/2032 DD 01/01/04
|
2,272
|
|||||
FHLMC MULTICLASS CTFS 2791 OB
|
4.500% 05/15/2033 DD 05/01/04
|
9,589
|
|||||
FHLMC MULTICLASS CTFS 2931 AM
|
4.500% 07/15/2019 DD 02/01/05
|
3,879
|
|||||
FNMA GTD REMIC P/T 06-66 MA
|
6.500% 07/25/2033 DD 06/01/06
|
3,120
|
|||||
FHLMC MULTICLASS CTFS 2941 AJ
|
4.500% 03/15/2035 DD 03/01/05
|
5,052
|
|||||
FHLMC MULTICLASS MTG
|
4.500% 10/15/2015 DD 04/01/05
|
94
|
|||||
FEDERAL NATL MTG ASSN MTN
|
2.750% 03/13/2014 DD 03/13/09
|
21,179
|
|||||
FHLMC MULTICLASS MTG 3561 PA
|
5.000% 12/15/2031 DD 08/01/09
|
3,905
|
|||||
FHLMC MULTICLASS MTG 3593 QA
|
5.000% 05/15/2038 DD 11/01/09
|
4,150
|
|||||
FHLMC MULTICLASS MTG 3601 PA
|
5.000% 09/15/2038 DD 11/01/09
|
4,151
|
|||||
FNMA POOL #0728766
|
VAR RT 07/01/2033 DD 07/01/03
|
445
|
|||||
FNMA POOL #0748645
|
VAR RT 09/01/2033 DD 09/01/03
|
3,875
|
|||||
FNMA POOL #0754671
|
VAR RT 10/01/2033 DD 10/01/03
|
695
|
|||||
FORDO 2009-B A3
|
3.089% 08/15/2013 DD 06/09/09
|
1,674
|
|||||
GMAC COML MTG SEC 01-C1 CL A 2
|
6.465% 04/15/2034 DD 04/01/01
|
7,736
|
|||||
GENERAL ELEC CAP MTN #TR 00004
|
3.000% 12/09/2011 DD 12/09/08
|
1,855
|
|||||
GOLDMAN SACHS GROUP INC FDIC
|
1.625% 07/15/2011 DD 01/21/09
|
651
|
|||||
GNMA GTD REMIC P/T 04-17 MA
|
5.000% 02/16/2032 DD 03/01/04
|
2,533
|
|||||
HSBC USA INC GTD NTS
|
3.125% 12/16/2011 DD 12/16/08
|
1,863
|
|||||
HSBC AUTO USA 2006 1 A-3
|
5.430% 06/17/2011 DD 06/08/06
|
509
|
|||||
HOWARD HUGHES MEDICAL IN
|
3.450% 09/01/2014 DD 08/18/09
|
608
|
|||||
ING BK N V NTHE ST CR GTEE
|
2.625% 02/09/2012 DD 02/09/09
|
1,942
|
|||||
J P MORGAN CHASE 07-LDPX CL A3
|
5.420% 01/15/2049 DD 03/01/07
|
6,748
|
|||||
JOHNSON & JOHNSON NT
|
5.150% 07/15/2018 DD 06/23/08
|
8,605
|
|||||
LB UBS COML MTG 06-C7 CL A2
|
5.300% 11/15/2038 DD 11/11/06
|
6,100
|
|||||
LANDWIRTSCH. RENTENBANK
|
1.875% 09/24/2012 DD 09/24/09
|
3,106
|
|||||
MBNA CR CARD MASTER NT 05-3 A
|
4.100% 10/15/2012 DD 06/14/05
|
5,666
|
|||||
NEW CENTY HOME EQTY 04-A AII9
|
5.470% 08/25/2034 DD 07/01/04
|
2,266
|
|||||
NORDIC INVESTMENT BANK
|
2.625% 10/06/2014 DD 10/05/09
|
1,084
|
|||||
PINNACLE CBO LTD CUST RCPTS SR
|
6.850% 11/27/2009 DD 11/20/97
|
19
|
|||||
RABOBANK NEDERLAND
|
4.200% 05/13/2014 DD 05/13/09
|
3,932
|
|||||
RABOBANK NEDERLAND
|
2.650% 08/17/2012 DD 08/17/09
|
2,023
|
|||||
REGIONS BK BIRMINGHAM ALA MTN
|
3.250% 12/09/2011 DD 12/11/08
|
1,868
|
|||||
RESIDENTIAL ASSET 02-RS5 AI6
|
4.752% 09/25/2032 DD 09/01/02
|
1,199
|
|||||
ROYAL BK SCOTLAND GRP PLC 144A
|
2.625% 05/11/2012 DD 05/12/09
|
1,927
|
|||||
SLM STUDENT LN 2005-8 CL A-4
|
VAR RT 01/25/2028 DD 09/20/05
|
5,259
|
|||||
SFEF
|
2.250% 06/11/2012 DD 06/11/09
|
3,094
|
|||||
US CENTRAL FEDERAL CRED
|
1.900% 10/19/2012 DD 10/19/09
|
674
|
Current
|
|||||||
Identity of Issue
|
Description of Investment
|
Cost
|
Value
|
||||
U S TREASURY NOTE
|
4.000% 02/15/2014 DD 02/15/04
|
321
|
|||||
U S TREASURY NOTE
|
3.500% 05/31/2013 DD 05/31/08
|
11,044
|
|||||
U S TREASURY NOTE
|
3.375% 06/30/2013 DD 06/30/08
|
27,290
|
|||||
U S TREASURY NOTE
|
1.875% 02/28/2014 DD 02/28/09
|
639
|
|||||
U S TREASURY NOTE
|
3.125% 05/15/2019 DD 05/15/09
|
23,108
|
|||||
U S TREASURY NOTE
|
2.625% 07/31/2014 DD 07/31/09
|
7,035
|
|||||
U S TREASURY NOTE
|
3.625% 08/15/2019 DD 08/15/09
|
9,045
|
|||||
U S TREASURY NOTES
|
2.375% 10/31/2014 DD 10/31/09
|
2,374
|
|||||
U S TREASURY NOTE
|
1.375% 11/15/2012 DD 11/15/09
|
4,468
|
|||||
U S TREASURY NOTES
|
3.375% 11/15/2019 DD 11/15/09
|
14,428
|
|||||
WELLS FARGO & CO FDIC GTD TLGP
|
3.000% 12/09/2011 DD 12/10/08
|
619
|
|||||
WELLS FARGO MTG BKD 04 EE IIA2
|
VAR RT 12/25/2034 DD 12/01/04
|
4,406
|
|||||
WEST CORP FED CRED UNION
|
1.750% 11/02/2012 DD 11/02/09
|
1,593
|
|||||
WESTPAC BANKING CORP
|
2.900% 09/10/2014 DD 09/10/09
|
2,961
|
|||||
YALE UNIVERSITY YALUNI
|
2.900% 10/15/2014 DD 11/10/09
|
1,749
|
|||||
408,616
|
|||||||
*
|
Mellon Trust of New England, National
|
||||||
Association
|
Temporary cash investment: 53,461,562 units
|
53,462
|
|||||
Total Interest Income Fund
|
**
|
966,750
|
|||||
Global Equity Fund
|
|||||||
*
|
Barclays Global Investors U.S. Equity
|
||||||
Market Fund F
|
Common/Collective Trust Fund: 3,615,713 units
|
117,872
|
|||||
*
|
Barclays Global Investors EAFE Equity
|
||||||
Index Fund F
|
Common/Collective Trust Fund: 1,730,057 units
|
44,462
|
|||||
Total Global Equity Fund
|
**
|
162,334
|
|||||
Mid and Small Cap Stock Fund
|
|||||||
*
|
Barclays Global Investors EAFE Equity
|
Common/Collective Trust Fund: 13,383,648 units
|
**
|
298,589
|
|||
Extended Equity Market Fund F
|
|||||||
International Stock Fund
|
|||||||
International Stock
|
Common/Collective Trust Fund 10,349,476 units
|
**
|
265,982
|
Current
|
|||||||
Identify of Issue
|
Description of Investment
|
Cost
|
Value
|
||||
Loan Fund
|
|||||||
*
|
Loans to Plan Participants
|
4.25% - 7.50%
|
**
|
329,997
|
|||
Collateral Received for Securities Loaned
|
|
||||||
Pooled Employee ASL Short Term Fund
|
Common Collective Trust Fund
|
40,386
|
39,970
|
||||
ASL ERISA
|
Common Collective Trust Fund
|
76,605
|
76,603
|
||||
ASL Short Term Fund - Sigma (Liquidating Fund)
|
Common Collective Trust Fund
|
2,414
|
103
|
||||
119,405
|
116,676
|
||||||
TOTAL
|
$
|
5,616,543
|
|||||
*
|
Party-in-interest
|
||||||
**
|
Participant-directed investment, cost not required
|
||||||
***
|
Wrapper agreement, no stated maturity
|
AT&T SAVINGS AND SECURITY PLAN
|
|
By AT&T Inc.,
Plan Administrator for the Foregoing Plan
|
By
|
/s/ John J. Stephens |
John J. Stephens
|
|
Senior Vice President and Controller
|
|
Exhibit identified below, Exhibit 23 is filed herein as an exhibit hereto.
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23
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Consent of Independent Registered Public Accounting Firm
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